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GFNFBAL LIBRARY,
RAILWAY AND INDUSTRIAL
SECTION
PAGES
1
TO
172
INCLUSIVE.
GENERAL INDEX.
Page.
EDITORIAL ARTICLES—
SUPERHEATERS AND ECONOMY IN OPERATION
3
SPECIAL FREIGHT TRANSPORTATION CARS
• 4
AMERICAN RY. MAPS AND WESTERN DEVELOPMENT 6
AMERICAN AND ENGLISH RAILWAY RETURNS - 6
8TEAM RAILROADS
7-137; 166-167
INDUSTRIAL AND MISCELLANEOUS COMPANIES
138-165
NEW YORK AND BROOKLYN BANKS
168
- 168
NEW YORK AND BROOKLYN TRUST CO’S -
BROOKLYN FIRE INSURANCE CO’S
GAS COMPANIES (See also “Miscellaneous”)
...
RAILROAD EARNINGS, MONTHLY
....
INDEX TO COMPANIES CONSOLIDATED
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N. Y. AND
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copies op this
168
168
169
170
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SUPERHEATERS AND ECONOMY IN
OPERATION.
Many references in the technical press manifest the
attention being devoted by the locomotive engineering
departments of railroads in this country and abroad
to the application and improvement of superheaters
of steam. Primarily the object of the superheater is
the development of the power of steam so as to gain
greater efficiency with a more economic use of coal.
The steam locomotive has in some quarters been
considered to have reached its practical limits, but the
experiments being conducted by the great railroads in
the construction of compound and articulated engines,
and in devices for utilizing the exhaust and waste factors
that have hitherto largely increased the cost of opera¬
tion, indicate a long life yet before the steam motor.
Remarkable results have been obtained in Lan¬
cashire by refitting old boilers and installing turbines in
that additional power is obtained without
any increase in total steam consumption.
It is prob¬
able that stationary engines may be more generally
fitted with exhaust steam-utilizing apparatus than
locomotives, because of the immense amount of steam
required by the latter; but inasmuch as the coal bill is
the greatest single item in a railroad's operating
expenses, outside of pay-rolls and equipment, the
active interest of the motive power departments
of leading railroads is well explained. By the use of a
superheater additional heat is applied to the steam
after it has been evaporated by the boiler. At the
higher temperature steam behaves nearly like a gas
and a considerable amount of heat may be extracted
from it before any portion will condense. The volume
of superheated steam increases nearly in direct pro¬
a
way
No. 2366.
to its rise in temperature and for the
Section. portion
cut-off in the
The Railway and Industrial Section. Issued quarterly on the last Satur¬
day of January, April, July and October, is furnished without extra charge
to every annual subscriber of the Commercial and Financial Chronicle.
The Railway Earnings Section, issued monthly, containing the sworn
returns of earnings and expenses filed each month with the Inter-State
such
1910.
D. C.
same
cylinder the weight of steam required is
less with superheated than with saturated steam of the
same pressure.
The economy in coal consumption
resulting from the use of superheaters is very consider¬
able. Engines on steamers on being fitted with a
certain superheater are reported to have reduced their
coal consumption from 16 tons of coal per day, with a
power of 800 indicated horse-power, to 12.5 tons, an
economy of 22%, without any decrease of power,
while on a first voyage of a steamer before experience
had given the full measure of advantage, a reduction of
coal consumption of 18% is stated to have been shown.
A report on superheater tests issued by the engineer¬
ing department of the Atchison Topeka & Santa Fe
Ry. describes the various forms of superheaters that
have been applied to its locomotives. A Baldwin
smoke-box superheater first applied to a Santa Fe type
engine has been working practically for over four
years.
It acted merely as a steam drier, the average
superheat being only a few degrees, but the results in
fuel economy and in increased serviceability of the
engine were so marked as to demonstrate the value
of even a very low degree of superheat for locomotive
practice This success led to the application of this
form of superheater to a number of new consolidation
and Pacific type engines as well as to several converted
engines in pusher or helper service. Not the least im¬
portant advantage found was that the maintenance
cost of the boiler was greatly reduced.
Santa Fe loco¬
motives are also being fitted with another front-end
superheater of the new Jacobs type of the smoke-box
fire tube variety so designed that it can be applied to
the simple locomotive or to the balanced compound
locomotive without radical changes to the boiler or
.
front end.
The.operation of this superheater affords
an
effective
utilization of waste heat in the combustion gases
without a sacrifice of effective heating surface in the
boiler. A still later design known as the Buck-Jacobs
superheater has been applied to four
new Santa Fe
Mallet locomotives. The course taken by the steam is
this: when the main throttle is opened the steam
flows from the boiler through the dry pipe extension
to the front
superheater drum. It
circulates over tubes between baffle plates and passes
from the back of the drum through the steam pipes to
the high-pressure cylinder where it expands and is
exhausted. Steam from both high-pressure cylinders
exhausts through the respective receiver pipes into the
rear drum or low-pressure superheater.
It circulates
over tubes between baffle plates and thence enters the
low-pressure valves and cylinders through the low-pres¬
sure steam pipe, expands, and exhausts into the stack.
or
high
pressure
4
RAILWAY AND INDUSTRIAL SECTION
[Vox. lxxxxi
Abroad, the Eastern Ry. of France, in building a consuming centre is being appreciated by the freight
service traffic superintendents of the railroads in their en¬
on
long divisions, has set one aside for experiment deavor to meet the wants of shippers and delivery
with a new design of superheater devised by the agents. The
refrigerator is playing a great part in
engineers of the railroad company and patented under the conveyance of fruit and vegetable produce from
series of 70 locomotives for fast and heavy
the
name
It is
of “Surchauffeur Helicoidal
en
Cascade.”
composed of two parts.
The first superheats
high-pressure cylin¬
ders, the second superheats the steam from an inter¬
mediate reservoir into which it passes from the highpressure cylinder before it is admitted to the low-,
pressure cylinders.
One advantage of the “Cascade”
form of superheater is that it makes possible a notable
reduction of the temperature of the steam in the
elements of the superheater, diminishing materially
the pOoS:bility of the sticking of piston rods and slide
valves, thus making it easier to maintain the piston
packing and utilizing the service of the superheater
the live steam before it enters the
to the best
the West and South to the Eastern markets.
railway president
can
afford, if his line is to keep
No
pace
with those abreast of the times in the art of
transpor¬
tation, to allow his freight-car rolling stock to become
antiquated or inefficient. This is one of the most
forcible arguments which may be put forward before
the Inter-State Commerce Commission in the
present
hearings
The
trains
the proposed advance in freight rates.
orange and apple trans-continental freight
upon
from
California, equipped with refrigerating
apparatus under the Harriman regime, have induced
an immense volume of business.
They have been
followed in turn by the development of other types
of cars specially adapted to various articles of com¬
possible advantage.
England many companies have superheaters in merce. Thus we find in the last few months the
service and others have recently applied them, the establishment of silk trains on the Great Northern
Schmidt system being the most extensively used. The system. Valuable
cargoes from the Orient are now
Great Western Ry. has equipped with superheaters trans-shipped with
labor-saving devices on the
about 200 out of 2,500 locomotives in service. Ex¬ wharves at Tacoma, San
Francisco, Seattle and other
tended study was given to the subject by the road's North Pacific ports, to be
dispatched at express speed
engineers, and as the engines go to the shops for new across the continent.
flue sheets, they are being fitted with an adaptation
Competition of the trans-continental lines has
known as the Churchward or Swindon superheater. brought about a diminution of time of five or six
The use of straight elements so as to be easily accessible days in the transit of raw material from the Orient
and a more simple arrangement of the collector and producing markets to our own
manufacturing centres in
other parts than has hitherto been attained charac¬ the Eastern States,
thereby saving considerable costs
terize this design. The engineers of the Lancashire & of insurance and banking
liabilities. In the shipment
Yorkshire and of the London & Northwestern are of domestic produce carried
by the railroads, the
conducting similar experiments.
refrigerator barges recently introduced by the trunk
are an
lines
Though the cramped gauge of British railways as
interesting example of the development in
compared with those of the United States prevents this direction. New York Harbor is essentially
very much larger locomotives being built than those adapted to the use of floats and lighters. These con¬
at present turned out, yet the tendency of the last few vey perishable goods, fruit and
package freight to the
years has been to increase greatly the weight of the distributing points on Manhattan Island and around
rolling stock to be hauled, and the constant improve¬ the harbor from the terminals on the Jersey shore of
ments being made show that there is still a consider¬ the Hudson, the
freight yards of the New York
able reserve for haulage power left for steam locomo¬ Central on the New York side of the Hudson
River,
tives. For this reason railway men and engineers are and the terminals of the New England railroads on
watching with lively interest the trials of the Reid- the East River and Long Island Sound.
Ramsay locomotive of the North British Locomotive
Freight that has been brought in refrigerator cars*
Co., which is a combination of steam and electricity in 3,000 miles is in danger of deterioration in this process
the same machine. Steam is generated in a boiler of trans-shipment at the New York terminals,
espec¬
of the usual locomotive type, fitted with a superheater, ially where the car itself,
owing to local obstacles, is
whence it passes into a turbine running at 3,000 unable to be taken right into the
distributing market.
revolutions a minute. The turbine is direct-coupled Ocean-going vessels lying at their
piers in New York
to a continuous-current dynamo, which in its turn Harbor find
trans-shipment by lighter most convenient.
supplies energy to four electric motors working on to Experience proves that under the local conditions the
the driving wheels.
By some such a locomotive is bulk of the cargoes brought or taken by the great
looked upon as more or less a freak, but it is obvious trans-Atlantic liners of the combined
passenger and
that it might find a very useful place for itself by freight class is transferred most
expeditiously in this
giving the advantages of greater flexibility, higher way. The refrigerator barges, in consequence, pro¬
acceleration and faster suburban services without the vide against the fruit and dressed meat and other
expense of costly installations.
If successful, more¬ perishable articles suffering damage before they pass
over, it would be equally adapted to the handling of into the refrigerating store-rooms of the steamships for
goods traffic, including all shunting operations, thus their journey to the European markets.
A live-stock car just exhibited at
removing one of the most potent arguments against
Washington by
the use of electric traction on main lines.
the first International Humane Conference
by the
Pennsylvania RR. further instances the improvement
of freight cars. Compared with the first live-stock
In
SPECIAL FREIGHT TRANSPORTATION CARS.
New types of freight cars brought into operation by
various railroad companies show the constant effort
1854, there is almost as much
difference as might be imagined between Noah's Ark
and the latest model of a freight
being made to give easier carriage and prevent deteri¬
oration of live stock and perishable goods in course
Even under present conditions live stock in transit
from the Western ranches and from the stock
yards
of Omaha and Chicago suffer
of transit.
The
enormous
market of New York
as
a
car
used
on
the road in
transportation unit.
considerably before
RAILWAY AND INDUSTRIAL SECTION.
OOT., 1910.]
arrival at the abbatoirs in New York
or
in England.
live-stock car is set upon an improved super¬
structure with graduated truck springs equipped with
The
new
friction-draft gear and automatic attachments. The
dimensions are 35 feet 11 inches in length, 8 feet
5 inches in width, 8 feet in height, with a capacity for
24 head of cattle and 22 head of horses.
The roof of
the standard car is very different from the covering
of branches of trees which used to be placed over the
tie bars to afford shade.
The
damage to the animals, with consequent loss in
value, was due in old days to the shocks caused
by the bumping of the cars through the loose couplings
meat
before air-brakes
came
into
use
for the simultaneous
5
building of a connecting link from Amarillo to Roswell,
thus bringing into its system the natural resources of
the Pecos River, while a new cut-off from Texico to
Galveston gives the products of the territory a direct
outlet to tidewater. Developments in New Mexico in
the territory of the El Paso & Southwestern are of the
same nature.
All these extensions mean the filling
up of great masses of blank space in the Southwestern
States. Twelve years ago there were only two lines
running across Oklahoma. To-day the railway maps
show the new State cross-cut in all directions by the
steel tracks.
It hardly needs the prophetic instinct
to predict that in another ten years New Mexico and
Arizona will be marked like Oklahoma with
a
net¬
work of
railway lines’ The immense area of Texas
stopping of the whole train. Not only on grounds
of humanity but because of the commercial importance may take a longer period for a similar transformation,
of operating freight cars economically, the introduction but the result is inevitable, though Mr. B.F. Yoakum
of improved cars must be of benefit to railroads and of the ’Frisco Railroad in his recent letter to local
shippers alike, as well as increasing the dividend- promoters says that railroad construction is checked
by the unnecessarily severe statutes of the Texas
earning power of the railroads.
Legislature. Texas needs double its present railroad
AMERICAN RAILWAY MAPS AND WESTERN mileage and should secure it at the rate of not less
than 1,000 or 1,500 miles annually.
DEVELOPMENT.
But this means
an
to
“Look
outlay of from $35,000 to $40,000 per mile, and
your Maps” was a favorite maxim of a
under
present circumstances the inducements for
great European statesman of the end of last century.
He constantly impressed this dictum upon his diplo¬ investors to furnish the $420,000,000 for building and
matic agents abroad. Upon more than one critical equipping this new mileage are not promising.
Neveroccasion he checked the ardor of those who sought theless, the present railway map shows that Texas,
his aid for their too ambitious schemes in frontier or the largest State in the Union, has fifty-two counties in
territorial disputes by insisting on the geographical which the whistle of a locomotive has never been
evidence of historical charts. His cold analysis based heard. Nine-tenths of its fertile land is beyond ten
on
references to natural boundaries, the physical miles from a railroad and only 12 per cent of the
features of a country, and the traces of prior settle¬ available acreage has adequate railroad facilities.
To bring these magnificent distances within ken, so
ments shown on existing maps, even in parts of the
that
the railroad builder and traffic developer may
world little known or thoroughly explored, served to
dissipate not a few visionary projects and enabled duly appreciate them, maps on a big scale are a
him to avoid many entanglements with other peoples necessity. Mr. Harriman believed in their use and
and international contentions. In this he was a had them ever before his eyes. When he conceived
notable contrast to predecessors in his office, whose his plans for the development of his Pacific lines, he
ignorance or carelessness in geographical science would draw his pencil on the map from point to point
betrayed them into ridiculous blunders that sometimes in a direct line wherever he noticed an opportunity for
a cut-off.
His construction of the line across Salt
proved costly to their country.
It would be difficult to estimate the important part Lake was an example of this practice of his arid its
played by maps in the development of the United building was undertaken within a few weeks of his
States. Most of all have the railway maps been an mapping out the direction which he intended the new
index of the opening up of the country and the settle¬ line of the Union Pacific to take, with the location of
ment of great unoccupied areas which have developed stations at regular distances along the track in prac¬
into prosperous commonwealths of the Union. In tically desert localities. The first great map con¬
this country the railroads in the West have not, structed for Mr. Harriman on which he used to work
except in one or two main instances, followed beaten out his railroad problems was drawn to the scale of
It showed the western part of
tracks or old highways, though in traversing the ten miles to the inch.
continent and crossing the Rockies to the Pacific they the United States only, coming East no further than
For the Western Pacific, which has within
have had to make use of certain natural gateways. Ohio.
The pioneers of the transcontinental lines and their the last few weeks come into full operation, an even
successors who are
pushing out branches and feeders larger map has been made, to show the routes of this
in the Western States have had a clean slate on which
to draw their lines.
On the virgin prairie the railways
drawn with uncompromising directness have created
Western road from the Coast to Rio Grande and its
affiliations across the continent eastward under the
Gould system. The map, hung in the board room of
new
population. They the Missouri Pacific Railway offices at New York is
have seized on the fertile soil of river valleys, and the largest roller map ever made, measuring 35 feet in
under far-seeing prospectors are stretching into water¬ width and 48 feet high when unrolled. Its scale is
less regions which artificial irrigation on a large eight miles to the inch, and it shows the entire country,
scale is destined to make as bountiful as the districts excepting a part of New England, from ocean to
most favored by nature in the way of moisture on the ocean and from the level of the great Canadian trunk
Pacific Slope.
lines down to Panama. Every inch of steam railway
A discounting of the possibilities of the future in in the territory is shown, with the prominent
topo¬
rich traffic returns is the explanation of recent acquisi¬ graphical features displayed in color contrasts, as
tions by trunk lines of small original roads. An well as the different railway;systems and
independent
instance of such is that of the Pecos Valley railroad lines. The Gould lines stand out in a broad red line
purchase by the Atchison Topeka <& Santa Fe and the with the Western Maryland conspicuous in the same
their
own
towns
and centres of
e
color and
RAILWAY AND INDUSTRIAL SECTION.
a
net-work of lines above and below stretching
from the headwaters of the Chesapeake across the
United States to the San Francisco terminus of the
[Yol. lxxxxi.
Judging from the fact that the Act of 1887 to
regulate inter-State commerce was modeled to some
extent after the English Acts of 1854 and 1873, known
as the
Railway and Canal Act and the Regulation of
Railways Act, it is not unlikely that the Inter-State
Commerce Commissioners when called upon to lay
down for themselves fundamental principles for the
framing of rates will again seek help from English
precedents. Of course, as Commissioner Lane re¬
marked on his return from the International Railway
Conference at Berne, the problems that we have to
deal with in the United States are very different from
those of European countries. The United States in
an economic sense is a railroad-made
country, whereas
the railroads in Europe were
superimposed upon
previous well established systems of transportation.
The American railroads represent 47 per cent of
the
railroad mileage of the world, and one single system in
the United States has as many miles of railroad as
any
government that was represented at the Congress.
newly opened Western Pacific, a few inches of dotted
lines indicating road under construction or projected
near Pittsburgh.
The names of places added to the map by the
Western Pacific for its stations are in the great majority
of cases at present nothing but names.
In contrast
with the previous maps of the territory, however,
they fill a conspicuous void. The Government survey
is still incomplete over large areas of the Western
country and the pioneer plans of the railroad have
consequently the greater value for topographical
purposes.
Before the present map was constructed,
with its trail of places along the route of the Western
Pacific, there was not a name west of Winnemucca in
the State of Nevada.
Experience of the other roads
built in the first decade of the century shows that the
The national character of American railroads in
wayside halting places of the trains have speedily
become the centre for townships with stores and of bringing the extremes of a vast country together
accounts in part for the efficiency of the American
homesteads for settlers who are quick to occupy them.
railroad; but in the process of building up the system
The new transcontinental line has fought its wray into the growth of a code of
railway law has not kept pace.
actual operation against severe obstacles. The per¬ The English laws have undertaken to regulate capital¬
sistence and courage with which the project of another ization and railroad operation and have solved partially,
transcontinental line has been carried out on an and in some cases satisfactorily, problems which
are still only
being grappled with here.
independent basis, in the face of the keenest rivalry
Owing to different bases of computation and vari¬
of powerful competitors, and without the Government
ation in the meaning of terms employed, it is not easy
aid which enabled the first Pacific lines to be built— to make a close
comparison of the statistics of American
are an indication of the
spirit of progressiveness that and British railroads. In a general way, however,
some useful observations may be noted in
has dominated the Gould directorate.
contrasting
the annual returns of the two systems.
The Parlia¬
mentary Blue Book giving the returns of the railway
companies in the United Kingdom for 1909 of capital,
traffic, receipts and working expenditure states that
the total amount of paid-up capital was $6,570,000,000.
The average rate of dividend was 3.15. per cent on the
as to traffic rates, and the whole fabric of rates indeed
ordinary capital, as compared with 2.99 per cent in
is in the crucible, its members may well envy the 1908. The gross receipts of the railways in 1909
comparatively light burden of the corresponding amounted to $600,000,000, an increase as compared
tribunal in England. The Railway and Canal Com¬ with 1908 of 0.2 per cent. There was a saving in
missioners of the British Board of Trade, who stand in working expenses, mainly due to a reduction in the
price of coal, of 1.8 per cent, leaving net receipts
the same relation between the Government and the
$225,000,000. Taxes levied by the Government and
railways as the Inter-State Commerce Commission in local authorities consumed $25,050,000—the highest
this country, had to pass upon only 280 complaints amount on record. The total train
mileage, including
mixed trains, showed a decrease of 0.9 per cent and
during the years 1908 and 1909.
amounted to 419.2 million miles. The greatest
Since 1888, when the statute prescribing the
regula¬ relative decrease was in
freight trains, namely 2.2 per
tion of rates came into effect, there have been in all
cent, but this was due only to better economical work¬
1,806 complaints preferred against railway companies.
ing,
the average receipts per train mile from freight
These were classified under the following heads: traffic
having been steadily rising for some years past.
(a) Rates alleged to be unreasonable or excessive in The average for 1909, in fact, 92.76d., was the
themselves; (b) alleged undue preference of particular highest recorded. With passenger traffic the tendency
traders or particular descriptions of traffic; (c) in¬ has been in the
opposite direction. Last year the
creased rates; (d) classification; (e) delay in the con¬ receipts from passenger traffic were
$255,000,000, in
veyance of goods, question of owner's risk, rebates, round numbers a decrease of 0.9 per cent, and from
through rates and miscellaneous. In 1908-9 out of the freight traffic $295,000,000, an increase of 1 per cent.
AMERICAN AND ENGLISH RAILWAY
RETURNS.
At a time when the Inter-State Commerce Com¬
mission is overwhelmed with the complaint of shippers
submitted, 91 resulted in settlement, or partial At the end of 1909 the total length of the running
settlement, more or less to the satisfaction of the com¬ track of the railways of the United Kingdom was
plainants. The cases not followed up by the com¬ 39,622 miles, to which may be added 14,350 miles of
plainants numbered 62; the cases in which an amicable sidings, making an aggregate of 53,972 miles. There
settlement could not be effected numbered 122, and were 204miles worked
solely and 229% partly by
there were still five cases under consideration when electricity.
the report was issued recently.
Against these may be set the following figures given
The statute under which the Railway Commissioners by Poor's Manual of American
Railways. The track
work is rather of a permissive nature, and this accounts mileage
(length of road) on December 31 1909 was
for the large proportion of cases where no settlement 238,456.
The gross earnings were $2,513,212,763, an
was reached.
In several instances where it appeared increase of 4.41
per cent, and net earnings $852,153,280
that ground for complaint existed the Board of Trade an increase of
18.72, as compared with 1908, which
were unable to induce the
companies to make pro¬ was a very poor period, being the year after the
posals to which the complainants could agree. In panic. The capital stock was $8,030,680,963, an
the two years covered
]oy the report there was an increase of 5.09 per cent and the funded debt $9,increase in the number of cases dealt with
by the 118,103,813, an increase of 3.75 per cent. The
Board of Trade, as in the two
preceding biennial revenue per ton mile was 0.757 cent and the revenue
periods thi numbers wer? 241 ond 146 respectively.
per passenger mile was 1.936 cents .*]
cases
RAILROAD COMPANIES.
FOR MISCELLANEOUS
COMPANIES, ETC., SEE PAGES 138 TO 168, INCLUSIVE
EXPLANATORY.—This Supplement Is expressly Intended for use In connection with the Investment news and official reports published from week to
Frequent reference Is therefore made to the volume and page of the “Chronicle" (as V. 88, p. 000) where fuller Information
may be found.
Following: also each statement Is given a reference to the latest news Item In the “Chronicle" respecting the company. As every
such Item contains a reference to the last preceding Item, the reader can run back over the company's history at pleasure. Annual reports are In
week In the “Chronicle."
black-faced figures.
Index.—Any company not In regular alphabetical order may be found by means of the Index, on another page, to roads leased and consolidated.
Dividends.—The dividends tabulated In the text are those actually paid during the calendar years named, Irrespective of when earned.
Net earnings are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed charges.
Securities.—These are described In table at head of page (except the stock, for lack of space, sometimes only In text below) as follows:
Miles of Road.—Opposite bonds, this means the miles of road owned covered by the mortgage.
Site or Par Value.—Shows (In dollars unless otherwise marked), the denominations or par value, "100, Ac. " signifying 8100 and larger.
Rate Per Cent.—The Interest and dividend rate per annum Is here shown: g, gold; cur, currency; x. extra; s. stock or scrip.
Payable.—J A J stands tor January and July; F A A, February and August; MAS. March and September; A A O, April and October; MAN
May and November; J A D, June and December; Q-J, quarterly from January; Q-F, quarterly from February; Q-M, quarterly from March.
Bonds Principal When Due. Etc.—This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations In table: M for “mortgage"; gen M for “general mortgage"; con M or consol M for “consolidated mortgage"; Inc M for “lpcome mortgage";
g for “gold”; c or cur for “currency"; guar p A 1 for “guaranteed principal and Interest”; cum tor "cumulative”; non-cum for “non-cumulatlve”;
conv tor “convertible Into stock at holders' option”; pref for “preferred”; s f for “sinking fund"; 1 gr tor “land grant"; r “fully registered (no coupons";
o “coupon"; c* “coupon, but may be registered as to principal"; r* reg., convertible into coupon bonds; br “branch”; end “endorsed”; red, “redeem¬
able"; dr’n or drawn, “subject 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 (TR Treasurer’s Office) are Indicated thus:
When
CHICAGO—
BOSTON—
AC —Amer Trust A Sav Bk
AB —American Trust
FC —First Tr A Sav Bk
BB —Boston Safe Dep A Tr
IC —Illinois Trust A Sav Bk IB —International Trust
NB —New England Trust
MC
—Merchants’
Loan
A
Tr
Ea —Equitable Trust
NC —Northern Trust
OB —Old Colony Trust
P —Farmers' Loan A Trust
SB —State Trust
BALTIMORE—
Q —Guaranty Trust
C —Union Trust
ST LOUIS—
K —Knickerbocker Trust
BBa —Balt Trust
WC—Western Trust A Sav Bk MSt—-Mississippi Valley Tr
Ma—Manhattan Trust
SSt —St Louis union Trust
CoBa —Continental Trust
Me—Mercantile Trust
FBa —Fidelity Trust Co
LOUISVILLE—
SAN FRANCISCO—
Mp—Metropolitan Tru?t
MBs —Maryland Trust
CL —Columbia Finance A Tr CS —California Safe Deposit
N —New York Trust
A Trust
MeBa—Mercantile Tr A Dep FL—Fidelity Tr A Safety V
8 —Standard Trust
SBa —Safe Dep A Trust Co LL —Louisville Trust
NEW YORK CITY—
Ba—Bankers’ Trust
Ca—Carnegie Trust
Ce —Central Trust
N Y C IT Y— (Concluded)
Ta
—Trust Co of America
Un
—Union Trust
—United
Us
States Trust
Usm —U S Mort A Trust Co
8C —Royal Trust
Subscribers will confer
RAILROAD COMPANIES
see notes on first
[For abbreviations. Ac.,
a
favor by giving immediate notice of
Miles
Road
page1
Adirondack Ry—See Delaware A Hudson Co.
Akron A Barberton Belt—1st M s f (text) g-Usm.c*Ar
Alabama Great Southern—Ordinary stock
Pref stock 6% 84.000.000
First M g ext in 1908 (V 85 p 1845, 1480)
F.c
General mtge £1,180,000
Ce.c
Car trust 850,000 due seml-ann gold
N
Do
874,000 due s a gold (V 82, p 887)....
Do
Series E, due 850.000 s.-a. (V.88,p.l559)
Alabama Midland—See Atlantic Coast Line RR
Ala N O Tex A Pac Jet—Preferred "A" stock 8% cum.
Deferred “B" stock
"A" debenture redeemable after 1910 at 115
8,297 acres).Ce.c
Albany A Northern—1st M gold (850,000 are pref). -c
Albany A Susq—Stock dividends guar by D AH (end)
2d M orlg 8700 000 g (1st M on
A 1 conv (text). Usm.c*Ar
Albany A Vermont—Stock 8% guaranteed by rental.
Alberta A Gt Wat—1st M deb 87,400.000 g gu text..
Algoma C A H Bay—1st M g gu red 105 text.Usm.c*
1902
Par
Value
•
••
290
_
_
_
—
...
1878
1888
1905
1906
1909
—
1890
61
143
143
143
143
35
1890
1890
1906
142
12
•
-
-
-
Allegheny A Western—Stock (83,500.000)
When
%
Payable
4 g
J
$1,009,000
7,830,000 See text. See
3.380,350 6 in 1910 F
J
1.750.000 5 (6) g
J
5 g
£810.000
4
$450,000
% g F
M
814,000
4%
J
900.000
4 2
•
-
1,000
£100
1,000
1,000
1.000
£10
£10
£50 Ac
£20 Ac
£20 Ac
1,000
1881
1889
1889
1896
100
1906
1,000 Ac
1909
1910
1.000
£100
100
100
ft®
66
1898
3
1889
.......
3,500.000
See text
600.000
See text
3,750,000
1,000
450.000
DIVIDENDS—
’01. ’02. ’03. ’04. ’05 to’08.
1910.
1909.
Common stock..
0
0
0
0
0
June, 2 June, 2
9
9
6 yearly
Pref. stock
10
9
6
6
BONDS.—Gen. mtge. 8s, £484,000, will retire first 8s and debentures.
The funded arrears of pref. dividends were in Feb. 1906 exchanged for an
equivalent amount of 4% obligations guar, by Southern Ry.; remainder
outstanding June 30 1910, $79,893, all to be paid off by Feb. 1 1911. V. 81,
p. 1722; V. 82, p. 159.
LATEST EARNINGS, f 1910.
Gross, $740,021; net. $212,122
2 mos., July 1 to Aug. 31.\ 1909
Gross,
585,300; net,
154,451
ANNUAL REPORT.—Report for year ending June 30 1910 In “Chron¬
icle," Oct. 29 or Nov., showed: Gross, $4,221,006; net, Including outside
__
operations, $1,181,361; other Income, $301,244; deductions, $554,033; bal¬
for stock, $928,572; pref. dlvs. (6%), $202,821;com. dlv.(2%), $156,600; bal., sur., $569,151 .--(V. 89, p. 1278.)
ALABAMA NEW ORLEANS TEXAS & PACIFIC JUNCTION RAIL¬
WAYS (Ltd.).—An English co. controlling Ala. A Vicksburg. 143 miles;
Vicks. Shreveport A Pac., 189 m.; New Orleans A Nor. East., 196 miles.
DIVIDEND.—Pref. “A”, 3 H% Mch. 10 1908; 2 H% Mch. 1910: overdue
about 159 H%.
SECURITIES OWNED.—Alabama A Vicksburg
$30 000 1st mtge.
$352,400 2d mtge., $141,100 consol, mortgage and $581,500 stock; Vicks¬
burg Shreveport A Pacific, $1,613,000 gen. mtge., $2,080,100 pref. and
$2,773,500 com. stock; New Orleans A North Eastern, $5,195,000 gen.
mtge.. $1,500,000 incomes and $5,320,000 stock; Southwestern Construc¬
tion Co
$448,700 stock; Railroad Lands Co.. $108 850 (of 8120 000) stock.
COUPON PAID—For:
’94. ’95. '96. ’97. ’98. ’99. ’00. *01. ’02 to ’09.
"A” Debenture
% 55555555
5% yearly
do
"B”
% .875 1
2H2H4H5
5
5
5% yearly
“C”
do
%
1 H
2H 5% yearly
EARNINGS.—In cal. year 1909, net from Investments was $178,995;
paid general expenses (£4,479), Income tax (£11,029), interest on “A" de¬
bentures (£35,414), on “B" debentures 5% paid In Jan. 1910 (£49,580), on
“O" debentures, 5% paid Dec. 1 1909 (£38,253); sink, fund to extinguish
debenture dlsoount, £6,500; brought In from 1908, £6,546; dlv. pref. “A"
(2%%), £35,391; balance, surplus, £4,895.—(V. 90, p. 558.)
ALABAMA TENNESSEE & NORTHERN RR.—Owns Reform. Ala., on
Mobile A Ohio, to Emelle, 61 miles, completed Aug. 1910.
Stock author¬
ized. $10,000 per mile: outstanding, $550,000.
Of the bonds ($1,,5o0,u00 author. Issue), $232,000 were Issued against
the first 29 miles, $30,000 have been Issued tor a steel bridge over the
A
A
A
A
A
A
A
A
A
A
4g
J
J
J
A
A
A
A
A
A
A
A
4 g
J
A
12.45
J
3*4 g A
M
Last Dividend
and Maturity
D June 1 1942
June 27 *10 2%
A Aug 29 *10
3%
J Dec 1 1927
D Dec 1 1927
A To Feb 1915
N To May 1 1916
J Jan ’li-July 19
Places Where Interest and
Dividends are Payable
U S Mtge A Tr Co, N Y
See text
do
Farm L A Tr. N Y; ABos
Glyn, Mills, C A Co, Lond
Blair A Co
New York
N Y
Mch ’10, 2%% London
March
M
M
A
A
3
5 g
5 g
6 g
PITTSBURGH—
CPi —Colonial Trust Co.
FPi —Fidelity Title A Trust
PPi —Pittsburgh Trust
UP1 —Union Trust
tmt
N
N
O
O
7 In 1910 Yearly
5 g
A
A
o
1,000,000
5 g
A
A o
588,800
ft K
44 7,400
A
A o
A
J
400,000
J
1,000
8 miles: total operated, 358 miles.
ORGANIZATION.—Controlled by Southern Ry., but operated Inde¬
pendently. V. 81. p. 1722; V. 82, p. 159. Owns 8833,300 stock of South¬
western Construction Co.received In exchange for 8833.300 Cincinnati New
Orleans A Texas Pacific stock.
5 g
5 g
5 g
A
See text
3,200,000
2,000,000
Ry. Bonds auth., 81.500,000; Issued, 81.100,000; 891,000 redeemed
--
£748.850
£1,048,390
£810.653
$546,000
1.000
by sinking fund; 8400,000 reserved for future requirements. Drawn at 105
yearly for sinking fund of 811.550 per annum.—(V. 78. p. 2598.)
ALABAMA GREAT SOUTHERN RR.—(See Map Southern Ry. )—Owns
Wauhatchle, Tenn., to Meridian. Miss., 291 miles; leases Wauhatchle to
Chattanooga, 5 miles, and Belt. Ry. of Chattanooga, 49 miles; owns half
interest In Woodstock A Blocton Ry., 8 miles; trackage to Gadsden, Ala.,
.
£1,500,000 See text.
£2,500,000
Ac
Ac
by the Cleveland Akron A Columbus, Balt. A Ohio, Erie RR. and Northern
ance
*
1,000
100
100
AKRON A BARBERTON BELT RR.—Owns a belt line around Barber¬
ton, O., and also extends to Falrlawn and Akron, O.; total, 40.2 miles.
A
consolidation In May 1902; V. 74. p 1088.
Stock. 8100.000, owned equally
Rate
100
«■
First M 82.500.000 gold guar p A 1 (end)
Allegheny Valley—See Pennsylvania RR.
Ohio
Amount
$1,000
Lives A Gr Ann
WP —West End Tr A S D
discovered in these tables.
Outstanding
50
50
c
“0” debentures Income subj to call any time at 100
Alabama Tennessee A Northern—1st M gold (text)
Alabama A Vicksburg—Stock (see text)
1st M 810,000.000 g gup
—
Date
Bonds
any error
PHILADELPHIA—
FP —Fidelity Trust
GP —Girard Trust
GuP—Guaranty Tr A S Dep
PIP —Provident Life A Tr
PeP —Penn Co for Insur on
J
o
N
J
D
J
O
Nov
Nov
Nov
Oct
1
1
1
1
1910 40
1910-40
1940
1956
Glyn. Mills C A Co, Lond
do
do
See text
Knickerbocker Tr Co,NY
Sept 2 1910 7% Central Trust Co, N Y
do
do
«
Apr 1 1921
do
do
Apr 1 1921
do
do
Apr 1 1921
Jan 1 1946
Hamblet-on A Co, Balt
July 1 ’10 4*4% Del A Hudson Co, N Y
do
do
Apr 1 1946
Nov 15 1910 1*4 Troy,N Y
See text
Jan 1 1959
N Y, Montreal A London
June 1 1960
A Iselln A Co, New York
July 1 1910
do
do
Oct 1 1998
J July 1 1919
New York and Phtla
Tomblgbee River, $10,000 were Issued for a steel bridge over the Noxubee
River, remainder Issuable at the rate of $8,000 per mile for additional
mileage, but only when the net earnings on completed mileage tor the pre¬
vious fiscal year are equivalent to Interest on bonds to be Issued In addition
to bonds outstanding, and $260,000 for equipment on the basis of 10-1 lths
of cost of equipment.
V. 83, p. 1036.
Guarantees jointly with Tomblgbee
Valley RR. the Mobile Terminal A Ry. 1st 6s ($500,000 auth. Issue), of
which $175,000 outstanding.
V. 91, p. 716.
For year ending June 30
1910, gross. $86,483, against $61,715 in 1908-09; net, $48,327, against
$33,095.
For 2 mos. ending Aug. 31 1910, gross, 815,479, against $11,261
In 1909; net, $7,574, against $5,794.—V. 91, p. 716.
ALABAMA & VICKSBURG RY.—Owns Vicksburg to Meridian, Miss.,
and branch, 143 miles.
Controlled by Alabama New Orleans Texas A
Pacific Junction Co., which see.
STOCK.—Stock was Increased from $1,050,000 to $2,100,000 In June
1910, the new stock being presumably distributed as a 100% stock dividend.
DIVIDENDS.—1890 to 1892, 3% yearly; 1896, 3%; 1897 to 1899, 5%;
1900 to 1902, 6% yearly; 1903, 9%; 1904 to 1910. 7% yearly.
Stock
dividend 50% In 1909 and 100% In 1910.
BONDS.—$1,000,000 consols are held to retire Vicks. A Meridian firsts.
EARNINGS.—2 mos.,/1910
Gross, $278,436; net, $96,804
July 1 to Aug. 31.
Gross,
\1909_
246,088; net,
65,062
REPORT.—Fiscal year ends June 30.
Report, V. 89, p. 1594.
Years—
Gross.
Net Inc.
*Tnt.,&c. Bal.,Sur.
Dividend.
1909-10......$1,672,350 $562,465 $120,437 $442,028
(7%)$147,000
1908-09
1,526,357
359,428
(7%)73,500
169,761
189,667
*
Includes $49,430 for additions and betterments In 1908-09; In 1909-10,
(?).—(V. 87, p. 1295; V. 89, p. 1222, 1594; V. 90, p. 1361.)
ALASKA NORTHERN RAILWAY.—Projected from Seward on south
coast of Alaska north to near Fairbanks, on Tanana River, 450 miles.
Of
this, 70 miles from Seward north were in operation Sept. 1 1907. and 42 miles
partly constructed.
Projected 30 miles to coal fields and 300 miles to
Idatarod gold fields. Annual report was In V. 87, p. 281.
Successor to
Alaska Cent. Ry., foreclosed Oct. 11 1909.
V. 89, p. 1140, 1222.
Stock
auth., $30,000,000.
Pres., Oscar G. Laberee, Spokane, Wash.—(V. 89,
p.
1222.)
ALBANY A NORTHERN RY.—See page 165.
ALBANY A SUSQUEHANNA RR.—(See Map
Delaware A Hudson.)—
ROAD.—Owns Albany to Binghamton, N. Y., 142 miles.
LEASED tor term of charter, viz., 150yearsfromAprill91851,toDel. A
Hudson Co.; rental was 9% per annum on stock (see guaranty, V. 56, p.
774), but the courts having held that the stock Is entitled to the benefit of
refunding effected In 1906, $120,750 additional rental will be paid In Jan.
yearly, beginning 1910. making 3.45% available for extra dividends on
the stock.
A special dividend of 20% ($1,050,000) was paid Nov. 16 1909
from the proceeds of the judgment for back rentals due by reason of re¬
funding. V. 89. p. 1141, 1666; V. 90, p. 913.
BONDS.—The $10,000,000 3 Hs Issued to refund the $10,000,000 6s and
7s April 1 1906 were In June 1905 offered at par pro rata to stockholders of
the D. A H.
The bonds are guar. p. A 1., and until April 1 1916 converti¬
ble Into D. A H. stock—$500 stock for $1,000 bonds.
Of the bonds, $3,555,000 had been converted to Oct. 1910.
V. 80, p. 1174, 1362, 2343.
Form of guaranty, V. 62, p. 989.
Pres., Geo. P. Butler; Sec. and Treas., W.L. M. Phelpe.
New directors
(Oct. 1909), V. 89. p. 1068.—(V. 89. p. 1666; V. 90, p.913.)
ALBANY A VERMONT RR.—Owns road from Albany to Waterford Jet.,
N. Y., 12 miles.
Leased to Rensselaer A Saratoga In I860 and now oper¬
ated by Delaware A Hudson Co.
Annual rental. $20,000.
8
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
see notes on first page]
Miles
Road
[For abbreviations, Ac.,
Alton Jacksonville & Peoria Ry—1st M $800,000 gold
Amador Central—1st M gold (2% s f begins 1913)
13
Ann Arbor—First mtge S7.mio.nno e«»id
292
Mp.xc*
Equip bonds, ser A gold due $33,000 seml-ann__Ba
Argentine Central—1st M red 1912 at 106
Arizona Eastern—Gila Vail G1 & N 1st M g gu
125
Mp
Arkansas Louisiana & Gulf—1st M $6,000,000 gold..
143
Arkansas Okla ft We«t—1st M *1 2.v> non g (textHMm
Asheville & Spartanburg—See Southern Ry.. Carolina Div.
Ashland Coal & Iron—Stock
First refunding mortgage $400,000 gold
22
N
Astoria ft Columbia—First mtge $8,000,000
81
Ce
Atchison ft Eastern Bridge—1st M g s f red at par_.Ce
Atch Top ft Santa Fe Ry—Stock, com $250,000,000-.
Stock pref $131,486,000 5% non-cum
Chicago ft St Louis 1st M ($10,000 p m) cur
142
F.c
Chicago Santa Fe ft California 1st M gold__BB.c*ftr
440
General mortgage gold (see text)
Un.c*ftr 8,341
Adi Inc M cumulative sine
July 1 1900 g.Ce.c*ftr 8.341
do do Interest stamped payable M ft N
8,341
Eastern Oklahoma Dtv 1st M $9,603,000 g_.G.c*ftr
480
Transc nt’ISLIstM $30,000,OOOgredl 10Moxc*rftr*
694
Deb gold Ser I to L $2,500,000 each; call
105-G.cftr
Bonds $50,000,000 conv com stk red (text)>G.c*ftr
Bonds $26,056,000 conv com stk red
(text).S.xc*ftr
Bonds $28,258,000 g conv com stk red (tex). Gxc* ftr
Bds $43,686,000 g conv com stk red (text) Gxc*
ftr*
Hutchinson ft So 1st M g red 105 Ince 1908- OB.c*
141
San Fr ft San Jo Val 1st M g call 110 aft 1915..
372
Me.c
_
Date
Par
Bonds
Value
1905
$1,000
1908
500
1,000
1895
1909
1906
1894
1907
1907
1,000
500 ftc
1,000
1,000
1,000
50
^ —
1900
1896
1898
•
•
•
•
■
w —
—
-
Santa Fe Pres ft Phoenix—1st M $5,000,000
g-Mec*
Gulf Beaumont ft Kansas City 1st M
gold
do
do
2d M ($138,500 are 6s)
Prescott ft Eastern first mtge p ft I
guar
Ce
Atlanta Birm ft Atl—Atl ft B Ry 1st M red 110-OB.c*
Receiver's certificates, redeemable par
Atl Birm ft Atl 1st M $30,000,000 g red
106.-OB.c*
Joint coll tr notes gold extended 1910 red
par.Ta.c*
Equip bonds due $60,000 s-a.
Ta
Equip bonds Ser B (V 85 p 39) due $86,000 s-a.-G
Georgia Terminal Co 1st M $4 000.000 g gu p
ft LOB
Alabama TprT*>’| OP 1»tM >4 .000.000 e gii p ft
I
OB
198
26 H
337
1885
1887
1895
1895
1895
1903
1908
1902
1905
1907
1909
1910
1898
1896
1892
1893
1893
1898
1904
1909
1906
1906
1906
1907
1907
—
1,000
1,000
1.000 Ac
1,000 ftc
1,000 ftc
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000 ftc
1.000
1,000
1907
ALLENTOWN RR,—Topton to Kutztown, Pa.,
4H m.; Reading system.
STOCK —$1,268,884 (par
$50),
$1,071,400 pledged under
Reading Co. general mortgage. No Including
bonds.
ALLENTOWN TERMINAL RR.—Owns 3H miles of
railroad In Allen¬
town, Pa., connecting the East Penn. (Phlla. ft
Reading) with the Cent, of
N. J.
Leased for 999 years to Phlla. ft Read, and
Cent, of N. J. (by
ment from Lehigh Coal ft
Navigation Co.) at Interest on bonds and assign¬
5 % on
$450,000 stock (par $50), bonds being
guaranteed,
principal and Interest,
by Phil, ft Read. RR. Co. (foreclosed) and
Lehigh Coal ft Navigation.
ALTON JACKSONVILLE ft
PEORIA RY.—Projected from Alton to
Jacksonville. III.. 65
Alton to
Godfrey,6m..completed In
April 1908, and balance partly constructed. Stock
auth., $800,000; out¬
standing, $300,000; par $ioo.
Bonds ($800,000 auth.
Issue), Mercantile
Trust Co., St. Louis, trustee.
See table above.
Jerseyvllle, Til.; Treas., A. W. Cross; Sec.. June M. Pres., Aaron O. Auten.
Rhoads, Jerseyvllle. Ill
AMADOR CENTRAL RR.—lone to Martell. Cal., 13 m.
Stock, $400,000;
par, $100.
Union Trust Co., San Francisco, Is
mortgage trustee.
V. 88,
p. 156. Pres., Charles Erickson,
Martell, Cal.—(V. 88, p.156.)
ANN ARBOR RR.—(See Map Detroit Toledo
A Ironton.)—Owns for
passenger trains road from Toledo, O., to
Frankfort, on Lake Michigan, 292
miles; trackage, Toledo to Alexis, 9
miles;
Frankfort, Mich., Kewaunee and Manitowoc,operates car ferries between
Wls., and Menominee and
Manlstlque, Mich. Wabash uses Toledo terminals.
Manlstlque ft Lake Superior, Manlstlque, Mich., to
Shlngleton. 40 miles,
with branch to McNeils. 13 m., Is owned
by friendly Interests. V. 89, p. 468.
STOCK, &C.—Common, $3,250,000; pref.,
5% non-cum.
par $100.
Pref. stock cert., “Supplement” Oct.$4,000,000;
30 1897, p. 3.
In 1906 Det. Tol. ft Ironton
(which see) had acquired $3,102,400
and $2,190,000 common
pref.
stock.
V. 89, p. 528; V. 90,
p. 446.
Other
equipment bonds and notes than Series A June
30 1910, $150,107.
EARNINGS.—2 mos.,fl910_
Gross, $313,602; net, $105,640
July 1 to Aug. 31.
(1909
Gross,
296,215; net,
102,104
ANNUAL REPORT for 1908-09 was In V.
89, p. 1218.
Betterments
1909-10.
$1,856,160
409,424
482,199
391,908
5,997
1908-09.
$1,708,481
390,450
491,938
469,694
4,153
1907-08.
$1,882,782
370,760
468,880
408,483
5,012
Balance, surplus
$84,294
$18,091
$55,385
New directors, Mch. 1910, V.
90, p. 976. Pres., Joseph
Jr.; Sec
Blanchard.—(V. 90, p. 446, 770, 976, 1101; V. Ramsay
91, p. 945.)
ARGENTINE CENTRAL RY.—See page 165.
ARIZONA EASTERN RR.—Owns Maricopa to
Hassayampa, Arlz., about
74
H. B.
miles; Bowie to Globe, 125 m.; Cochise to
Pearce, about 35 m.; Tempe to
Mese, 8 m.; total, 242 miles. A consolidation
Feb. 1 1910 of lines In
Arizona controlled by the Southern Pacific
Co., Including Gila Valley Globe
ft Northern, &c.
V. 90, p. 446.
Stock authorized, $40,000,000, of
which $5,321,400 Issued to take over
existing properties. No new bonds
authorized to Oct. 1910.—(V. 90,
p. 446.)
ARKANSAS LOUISIANA ft GULF RY.—Monroe to
Hamburg, La., and
Crossett, Ark., 61 H miles, was operated Sept. 1909.
Extension from Pine
Bluff to De Vails Bluffs is
proposed. Stock auth., $3,000,000; out Sept. 1909
$1,240,000.
Bonds ($6,000,000 auth. Issue), Colorado
Title ft Trust Co.
of Colorado Springs,
Col., trustee; $2,860,000 were subscribed for on ac¬
count of 143 miles under
construction.
V. 86, p. 106.
Pres., Alfred
Cowles, Chicago; V.-P. and Treas., Wm. A.
Otis; Sec. and Asst. Treas.,
C. E. Titus, Colorado
Springs, Col.—(V. 86, p. 106.)
ARKANSAS MIDLAND RR.—See St. Louis Iron Mtn. ft
Southern.
RKANSAS OKLAHOMA ft
WESTERN RR.—To extend easterly from
t~ Ne, Ark., to
Memphis, Tenn., 295 miles, and
from Siloam
gsfJArk., to Oklahoma City, Okla., 230 miles. westerly
In operation Sept,
rom Rogers to Siloam
Springs,
30 miles, and from Rogers to Monte
m es.
Stock auth., $3,000,000;
outstanding Sept. 1910, $720,000;
594,000
200,000
1,504,000
See text
300,000
Rate
When
%
Payable
5
5
4
5
6
5
5
6
g
g
300,000
3,280,000
518.000
15.523 000
See text
See text
192.000
6,000.000
4.940.000
613,000
284.500
224.000
4.090.000
3,250.000
14.185.000
6.239.200
666.000
1,118.000
3.000,000
2 445,000
M
M
g
g
g
g
ft
ft
Q—J
g
773,500 4 In 1909
165.563.000
114.173,730
1,000
1,500.000
1,000 ftc
560.000
500 ftc 150.634.500
500 ftc 20.769.000
500 ftc 30,577.000
1,000 ftc
9,603,000
1.000 ftc 17.000.000
1,000 &C
6.225.000
1,000 ftc 18,911.000
MacMurray and
from a point near the western end of Lac la
Blche to the eastern end thereof,
about 350 miles.
First M. debenture 5s, guar.,
&
p.
1.,
by Province
of Alberta, are issuable at $20,000
per mile, and $400,000 for Edmonton ter¬
minals; Standard Trust Co. of Winnipeg, trustee.
Redeemable, all or any,
beginning Jan.l 1919 at 112H. lnNov.1909 $7,400,000were
sold In Lon¬
don. The July 1910 coupons were
purchased by bankers owing to delay In
delivery of bonds—see below. V. 89,
p.
V.
1346;
90,
p.
558;
V.
91, p. 153.
Gen. Mgr., E. A. James, Edmonton,
Alberta. W. R. ft D. O. Clark, bank¬
ers, Kansas City, promoted the
enterprise. Construction, It Is under¬
stood, Is In abeyance pending Investigation as to
circumstances leading to
guaranty, latter being In any event presumed to be
legal.—(V.91,p.213,153)
ALGOMA CENTRAL ft HUDSON BAY RY.—Owns
from Sault Ste. Ma¬
rie, Ont., to Panglssln, 70 miles; branch to Helen
Mine, 12 m. Being ex¬
tended to a connection with the Can.
Pac. Ry. (then to extend from Sault
Ste. Marie to near Hebron,
Ont., 203 m., with branches, 22 m.; total,
225 miles. Cash subsidy,
$6,400 per mile. Land grant, about 1,655,000
acres. Stock, common,
$5,000,000, all owned by Lake Superior Corp., which
guarantees the 5% bonds (see table
above), to be Issued at $30,000 per mile,
and holds $1,125,000 of
the$5,000,000 5% non-cumulatlve pref. stock for the
benefit of the road.
In June 1910 £770,000 bonds were
offered In London.
V. 91, p. 93.
President, T. J. Drummond, Montreal, Que.; Sec. and Treas.,
Thomas Gibson, Toronto, Ont.—(V.
91, p. 93, 716.)
ALLEGHENY ft WESTERN RY,— (See Map
Buff. Roch. A Pitts.)—
Punxsutawney to Butler, Pa., 60 miles; branch, New
Castle, Pa., to Cement
Works, 6 m.; total, 66 miles. An extension of
Buffalo Rochester ft Pitts¬
burgh. to which leased In perpetuity for
guaranty
of
bonds and 6 % on stock.
Uses Balt, ft Ohio fr»*m Butler tr New
Cattle and Pittsburgh under a track
age arrangement, making In all 147 m.
See V. 70, p. 849.—(V. 82,
p. 691.)
Year ending June 30—
Gross earnings
Net after taxes
Net Income
Deduct—Interest, hire of equip., &c_
$ 200,000
300,000
7,000.000
100
100
ALBERTA ft GREAT WATERWAYS RY.—To extend from
Edmonton,
Alberta, Canada, northeasterly to a point at or near Ft.
miles, of which
Amount
Outstanding
[VOL.
M
J
M
J
J
ft
ft
ft
ft
ft
Last Dividend
and Maturity
par, $100.
Bonds
p. 107.
For year
Dividends
are
Payable
S Mch 1 1937
N Nov 2 1938
New York ft St Louis
Union Tr Co, San Fran
Metropolitan Tr Co, N Y
N To Nov 1 1919 Bankers’ Tr Co, N
Y
J Jan 1 1926
ith Nat Bk. N Y ft Denv
N Nov 1 1924
July 1 1995
J
July 1 1957
J Jan
1 1947
N
U S Mtge ft Tr Co
Q —M
June 25 1910191
ft N May 1 1925
ft
A Aug 7 1996
J
ft
J July 1 1928
l6jIn 1910 0 —M Dec 1 '10 1H%
5 In 1910 F
ft
A Aug 1 1910 2 H
6 cur M
ft
S Mch 11915
6 g
ft
J
J Jan 1 1937
4 ft
A
ft o Oct 1 1995
A g
Nov
July 1 1995
A g
M
ft N July 1 1995
A g
M
ft
S Mch 1 1928
A g
J
ft
J July 1 1958
A g
F
ft
A Feb 1 1911 1914
A g
ft
J
D Junel1955
5 g
ft
J
D June 1 1917
A g
ft
J
D June 1 1955
A g
J
ft
D June 1 1960
5 g
J
ft
J Jan 1 1928
5 g
A
ft
O Oct 1 1940
5 g
M ft
S Sep 1 1942
6 g
F
ft
A Aug 1 1913
F
ft
5ft6g
A Aug 1 1913
5
A
ft
O Apr 1 1928
5 g
J
ft
J Jan 1 1934
5
J
ft
J July 1 1911
5 g
ft
J
J Jan 1 1936
5 g
M
ft N May 1 1912
5
M ft N Nov '1 l-Nov'16
5
ft
J
J Jan '11 July '17
5 g
J
ft
J Jan 1 1927
5 g
ft
J
J July 1 1927
A g
A g
A g
LXXXXl
M
F
New York Trust Co. N Y
Central Trust Co .NY
Checks mailed from N Y
do
5 Nassau
do
do
do
do
do
do
Street. N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Mercantile Trust Co. NY
Central Trust Co
Old
.
N Y
Colony Trust Co,Bos.
Farmers’ L ft Tr Co, N Y
Jan 1909 coupon not paid
Nov
1910
July 1910
coupon
coupon
paid
paid
Jan 1909 coupon not paid
limited to $1,250,000 at $10,000
per mile.
V. 86,
ending June 30 1910, gross, $42,565; net after
taxes,
$18,077; lnt. on bonds, $18,000; bal., stir., $77.
Pres., W. R. Felker;
V.-P. ft Gen. Mgr., Geo. D. Locke;
V.-P.,
A. L. Williams; Sec. ft^Treas.,
J. E. Felker.
Office, Rogers, Ark.—(V. 90, p. 235.)
ASTORIA ft COLUMBIA RIVER RR .—Goble to
Seaside, Ore., 70 m.;
branch,Warrenton to New Astoria, 2 m.; trackage, Goble
to Portland, 40 m ;
total, 121 miles.
Stock. $1,619,000; par $100.
In 1907 acquired by Gieat
Northern and Northern Pacific.
V. 84. p.867
Year ending June 30 191<»,
gross, $767 987: net, $279,2 1; other Income,
$1.768; rents, hire of equlpt,
&c., $58,879; balance, surplus, $222,100.
Pres., John F. Stevens.—(V.
85, p. 1645.)
ATCHISON ft EASTERN BRIDGE,—Owns railroad and
wagon bridge
at Atchison, Kan., connecting with the union
station.
Used by the Atch.
Top. ft Santa Fe, the Chic. R. I. & P., the Mo. Pac. and the Chic. Burl, ft
Oulncy.
A reorganisation of the Chic, ft Mch Bridee r<>.
1898, per plan V. 65. p. 366. Stock, $700,000; par, $100 foreclosed Mch 4
per share.
Pres,
and Treas., H. P. Eells, Cleveland, O.—(V.
67, p 578.)
(THE) ATCHISON TOPEKA ft SANTA FE R Y.—(See
Map.)—'The sys¬
tem operated July 1 1910
comprised 9,961 miles of railroad and embraced
an unbroken line of track from
Chicago. Ill via Kansas City, Mo., and Al¬
buquerque, N. M., to the Pacific Ocean: also to Galveston.
Tex., and the
Gulf of Mexico.
For operating purposes the 9.961 m. are
divided as follows:
Miles.
Miles.
Atchison Topeka ft S. F
7,439.64 Pecos River RR
54.26
Rio Grande ft El Paso
20.21 Santa Fe Pres, ft Phoenix._ 257.46
Gulf Colorado ft Santa Fe_.1,518.18 Southern
Kan. Ry. of Texas 124.92
Eastern Ry. of New Mexico.
225.21 Texas ft Gulf Ry
96.14
Pecos ft Nor. Texas Ry
225.29
This Is exclusive of 211.78 miles of new lines
completed on last-named
date, of which 88.57 miles ready for operation July 1 1910. Also
controls
through ownership of securities, or owns jointly with other
roads, 826.25 m.
Cut-off Texlco, N. M., to Brownwood,
Tex., 3U0 miles, with branches,
total about 500 miles, under construction.
V. 89, p. 223.
In 1900 acquired control of Gulf Beaumont ft
Kansas City and Gulf Beau¬
mont ft Great Northern, which are leased.
V. 76, p. 751; V. 77, p. 1224.
Leases Cane Belt RR., 105 miles (entire stock
owned).
V. 85, p. 598.
The stockholders were on Oct. 27 1910 to
ratify the purchase of the Concho
San Saba ft Llano Valley, Kings River
Gulf ft Inter-State Ry. of Texas,
Texas ft Gulf and Fullerton ft Richfield, also the lease
of the last-named
and the Arizona ft California.
V. 91, p. 588.
ORGANIZATION.—This company was organized on Dec. 12 1895
under
the general laws of Kansas by the purchasers at
foreclosure sale of the
property and franchises of the Atch. Top. ft S. Fe RR. Co.
V. 60. p. 658.
The railway company In July 1909 owned In fee
6,693.14 miles of 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.
San Francisco ft San Joaquin
Valley Ry. was merged June 1901
Has a Joint Interest with tne Southern Pacific In the
Northwestern Pacific.
STOCK.—The pref. stock has preference as to assets and
non-cumulatlve
dividends not exceeding 5 % per ann., as declared
by the board of directors
out of net profits
No other mtge. and no increase In the pref stock
can be
made without consent of majority of all
pref. outstanding and of all oom.
stock represented at a meeting.
The total auth. amount of pref. Is $131.
486,000, of which $10,800,000 reserved to acquire other
lines; also $6,486,470 In special trust for
improvements, extensions, ftc. Pref. stock certifi¬
cates In “Supplement” of April
1897, p. 3.
are
,
Stockholders voted Jan. 30 1907 to Increase the
auth. com. stock from
$152,000,000 to $250,000,000 and also not exceeding
$98,000,000 bonds, to
be convertible Into oom. stock.
V. 88, p. 1001.
See
BONDS below.
DIVIDEND—
’99. '00. *01. ’02-'05.
'06. '07. '08. '09.
1910.
On common (%).... 0
0
3H 4 yearly 4 Vi 6
5
5H
6
On preferred (%)
2K 4
5
5 yearly
5
5
5
5
5
BONDS.—The Gen. Juort. (Abstract V. 62.
p. 731-739; see also V. 68,
p. 974; V. 86. n 1098) gives a lien, either by direct
mortgage or by collateral
trust, on 8,340.55 m. of tht system, together with all the
equipment and
terminals owned by the comnanv
and future acoulsitlons.
General Mortgage 4s—Amounts Reserved.
In 1895.
In 1910.
a To retire guar, fund notes
paid and car trusts ..$15,500,000 $2,339,383
0 Non-assenting bonds from
reorganization of 1839
l .500,000
504,960
c Chicago ft St. Louis 1st
mtge. 6s
1 .Rno.ono
1,500,000
For Improvements, terminals, second
track, ftc
30,000,000
1,852,102
For acquisition of Atlantic ft Pacific and other
line**
20 .oou .ooo
6.731 .554
The Adjustment Mortgage
(Abstract. V. 62, p. 739) Is to the Central Trust
Co. as trustee.
Interest Is payable only out of net
earnings up to 4 % In each
year, cumulative since July 1 1900.
Present Issue Is limited to
$51,728,000,
but when the $30,000,000 general 4s authorized
for Improvements as above
have been Issued. $20,000,000 additional
adjustment
4s
may
be
Issued for
the same purpose at not
exceeding $2,000,000 In any one year, but only
a majority vote of the
by
adjustment bondholders.
Interest*-In Nov. 1897
paid 3 %; since, full 4 % yearly
Eastern Oklahoma division 4s of 1903.
V. 76. p 434; V. 79,
p. 1331;
V. 84, p. 1549; V. 85, p.
598; V. 86, p. 980, 1041.
The Trans-Continental Short Line” first
gold 4s of 1908 are limited
to
$30,000,000 authorized Issue. The $17,000,000 sold In
July 1908
cover 694.46 miles In
operation, comprising the line from
Amarillo, Tex.,
to Pecos, Tex., 376.06 miles.
Clovis, N. M., to Rio Puerco, 257.52 miles,
(completed In 1908); the Pecos Valley ft Northeastern,
Cameo, N. M., to
State Line, 208 m., and branches
aggregating 60.88 m. The remaining
$13,000,000 can be Issued at $25,000 per mile. V.
87.
p.
479, 878.
The $30,000,000 debenture 4s of 1902 are
paid off $2,500,000 yearly.
See V. 74, p. 150, 204; V. 75,
p. 680; V. 77,
The 4s or 1905 ($50,000,000 auth. Issue) arep. 2338.
convertible Into com. stock
at par between June 1 1906 and June 1
1918.
V. 79, p. 2695; V. 80, p. 649;
V. 81, p. 1174; V. 82, p. 391, 867.
The $26,056,000 Issued In 1907 are con¬
vertible Into com. stock at par to J"ne 1 1913.
V. 84, p. 1051, 1112; V. 85,
p. 97, 283,
529.
BONDS
RSAATIOLNWCKDY
190.1
Oct.,
10
RAILWAY" STOCKS AND BONDS
RAILROAD COMPANIES
see notes on first page]
Miles
Road
IFor abbreviations, Ac.,
Atlanta ft Charlotte—Stock (see text)
Atlanta Knoxville & Northern Ry—See Louisville A N
Atlanta & St Andrews Bay—1st M $1,000,000 g red..
2d M ($1,000, J00 auth)
Atlanta Terminal—First mtge $1,500,000 gold_S.c*Ar
Atlanta & West Point—Stock $2,500,000 auth
Atlantic City—First Mtge $2,200,000 goId.-GuP.xc*
Atlantic City purchase money real estate mtge
OP
Sea Coast prior lien mortgage gold
1st cons M $4,500,000 g gu
OP
Atlantic Coast Line Co. (Conn.)—-Stock $30,000.00u
Certs of Indebt lnc non-cum $5,000,000
SBa.r.
do
do
red 105 after 20 yrs option text SBa
do
do
redeemable at par after 5 years
Atlantic Coast Line RR— Stock common (text)
Class “A” com stock tax exempt (Rich A Pet certs)
Preferred stock 5%
Coll tr M gold secured by L A N stk red 105._c*Ar
Unified mortgage gold $200,000,000 authorized
Conv debs $23,562,500 red 105 after May ’16-SBar
B Wash A Van 1st M $1,500,000 g gu p A l-.SBa.c*
Winston-Salem Southb 1st M g to be guar Jtly ... Us
Equip tm t i n
4225.000 dues a
SBa c*
Bonds to Be Refunded by Unified 4s
First consol M $51,326,000 gold (text).-F.c*Ar*
Certificates of Indebtedness (new)
North East (S C) cons M gold Flor to Charleston—c
Atlantic C L of S C gen 1st M (1st on 355 m)g. S Bac*
263
ashvll le
85
1908
85
1908
3.3 1903
86
83 1889
1900
66
1898
-
-
-
Petersburg M class A gold
do
do
class B gold (Petersburg to Weldon)
Rio mond A Petersburg first mtge ($24,500 are 7s)
Consol M g (Richmond to Petersburg, etc)
Ce.c*
WUm A Weldon gen M ($938,000 are 4s) g--SBa.c*
W imlngton A New Bern 1st M gold assumed.SBa
Nor A par 1st M gold (P Pt VatoTarN C)_. .Ce,c*
Sico 'd mortgage gold
SBa.c*
Sav Fla A W 1st M g ($2,444,000 are 5s).. Mo.c*Ar
Charleston A Savannah gen mtge gold..
-SBa.c*
BrnnsA W 1st M (Brunswick to Albany) g gu.Mp.c
_
-
•
-
All
Par
Value
$100
1,000
100
1,000
1 000
1901
1,000
1897
1900
1905
100 Ac
100 Ac
100 Ac
100
•
•
....
»
..
..
...
..
..
.
»
...
...
....
40
90
1902
1909
1909
1907
1910
Amount
Rate
When
Outstanding
%
Payable
$1,700,000 7
1,000
-
-
100
100
100
1,000 Ac
100 Ac
1,000
1,000
1883
479
90
110
110
547
111
169
1888
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac
Stockholders were offered in 1909 the right to subscribe for $28,258,000
convertible 4 % bonds at 104, Dayable one-fourth each at time of subscrip¬
tion, Feb. 2 to Feb. 4. Aug. 2 to 4 1910 and Feb. 7 to 9 1911; they are con¬
vertible into common stock at par to June 1 1918. V. 88, p. 1435, 1559.
Stockholders were offered Apr. 1910 right to subscribe for $43,686,000
4% bonds at 102 4. payable 32 4% between June 1 and 3 1910 and
35% each between Dec. 6 and 8 1910 and between June 6 and 8 1911, or
optionally In full at any time; they are convertible Into com. stock at par
on and after June 1 1913, but prior to June 1 1923.
In July 1910 $41,668,633 had been paid on account of two last named issues. V. 90, p. 913, 1043,
1612.
The several issues of debentures must be secured by any future mtge.
covering the lines owned at the time the debenture issue was made, and may
be called at 110 on any Interest day, but when called may be converted
Into stock provided the time for conversion has not expired.
LATEST
EARNINGS.—j 1910
Gross, $17,090,898; net. $6,281,411
July 1 to Aug. 31. 11909
Gross, 16,702,111; net, 6,460,667
Balance after taxes and rentals for 2 mos. of 1910 was $5,640,623, against
$5,904,753 In 1909.
2 mos.,
4 g
4 g
4
44 g
See text
102
696
68
68
22
27
4
35,000.000
15,009,000
10,346.000
720,000
2,925.000
1,000
1,006
1,000
s*
1,000.000 6 in 1910
198,500 5 In 19o9
51,326,000
232,900
1898
1881
1881
1875
1890
1885
1897
1889
1896
1884
1886
S Sept 6 1910 34 U S Mtge A Tr Co, N Y
O Oct
66.964.400 6 In 1910
1,000
Places Where Interest and
Dividends are Payable
A
3.000,000
1,000 Ac
100 Ac
1,000
Maturity
A
if
1902
1902
and
A
1,500,000
2,464.000 6 m
10
2.200,000
5 g
75,000
44
fi ff
350,000
4 g
1,850,000
17,640,000 See text.
5,000,000
5 cur
4
62,000
3,947
Last Dividend
LXXXX1
m 1910 M
425,000
425.000
1907
...
•
*
Date
Bonds
[VOL.
4 g
4 g
4
4
6
4
5
657,000
5.547,000
J
A
D
J
A
J
M
N
A
A
A
O
A
A
O
J
A
J
Q—M
J
A
D
J
A
J
J
A
J
J
A
J
J
A
J
M
A
N
M
A
N
J
A
D
M A
N
F
A
A
M
A
g
M
M
J
g
g
J
J
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
g
868,000
800,000
•
340.500
300.000
44
4,000,000 4 g A 5
4 g
106,000
6 g
1,320.000
0 g
400,000
6.500.000 5 g A 6
7 g
1.500,000
4 g
1.407.000
it
A
M
A
g
g J
F
A
J
g A
J
J
1 1938
New
York and
Atlanta
June 1 1953
Standard Trust Co, N Y
July 9 1910 3% Atlanta Ga
May 1 1919
Reading Terminal, Phlla
do
do
Apr 11930
do
do
Apr 1 1948
do
July 1 1951
do
SeptlO’lO 24% Baltimore
Irredeemable
In 1909 paid
In 1910 paid
July 1 1910 2
Jan 1 1925
In 1910 paid
Treas
Office.
July 11 1910 3
do
July 11 1910 3
5 %
4%
4%
Wllm, N O
do
do
do
Oct 1 1952
J P Morgan A Co. N Y
Dec 1 1959
United States Tr Co, N Y
Nov 1 1939
Safe Dep A Tr Co, Balto
Feb 1 1947
U S Tr Co. N Y A Balto
50 years
United States Tr Co, N Y
S To Mch 1 1917 U S Tr Co,N Y; A Balto
May 10 1910 2 4
S
N
J
J
J
O
N
O
J
July 1 1952
J
O
J
J
Jan
Irredeemable
Jan l 1933
July 1 1948
July 1 1926
Oct
May
Apr
July
A Aug
O Apr
1 1926
1 1915
1 1940
1 1935
1 1947
11939
1 1946
Apr 11934
Jan
Jan
1 1936
1 1938
United States Tr Co, N Y
Trea« Office Wllm, N O
United States Tr Co, N Y
Safe
Dep A Trust Co.Balt
Richmond Office
do
do
do
do
Brown
Brothers, N Y
First Nat Bk. NY; A Balt
Safe Dep A Trust Co.Balt
Central Trust Co. N Y
Safe Dep A Trust Co.Balt
United States Tr Co, N Y
do
do
do
do
anteed by Atlantic Gulf A West Indies SS. Co., which In 1910
pi
5 boats owned. V. 82. p. 1267; V. 83, d.
35, 1290; V. 84, p. 270; V. 85, p.
1404; V. 88. p. 451.503
Equipment obligations other than in table above.
$140,000 5s, maturing $10,000 quarterly (Q.-M.) to Mch. 1 1914, of which
$30,000 provided for by receiver’s certificates.
The controlled companies, the Georgia Terminal Co., Alabama Terminal
RR., Birmingham Coal A Iron Co. and Brunswick SS. Co. were placed In
receivers’ hands In Feb. 1909, their bonded debts
being respectively
$2,445,000, $4*159,000 (Including $2,000,000 of Birmingham
and $1,250,000.
V. 84. p. 142771551; V. 85, p. 470; V. 88.
p. 156, 451, 503, 563; V. 91. p. 465.
LATEST
EARNINGS.—] 1910
Gross, $442,990; net. $104,994
2 mos., July 1 to Aug. 31. U»09_
Gross, $378,247; net,
$57,466
For year ending June 30 1910, gross, $2,579,346, against $2,069,807 in
1908-09; net, $579,390, against $357,025.
REPORT for year ending June 30 1908 In V. 87, p. 1291, showed on 491
miles, gross, $1,583,805: net. $426,663; other Income. $136,689; Interest.
taxes. Ao.,$r
- sur., $44,637. V. 88. p. 227.—(V.
"
$518,714; *bal.,
91, p. 945.)
ATLANTA ft CHARLOTTE AIR LI NE RY.—(See Map Southern Railway
System.)—Owns Charlotte. N. C.» to Armour. Ga., 263 miles.
.leratim
,
.
_
REPORT.—Annual meeting fourth Thursday in October.
given In V. 91, p. 939, 949; see also page 914.
year 1910 was
Average miles operated
Operating revenues
Operating expenses
Taxes.
1909-10.
9,916
1908-09.
9,795
Report for
1907-08.
9,415
$104,993,195 $94,265,717 $90,617,796
69,761,820 57,495,195 60,629,915
4.006,419
3,244,596
3,015,219
Operating Income
Other Income
$31,224,956 $33,755,303 $26,743,285
2,550,055
671,974
1,158,375
Total Income
Interest on bonds
Hire of equipment, rentals, Ac...
Dividends on pref. stock (5%)
Dividends on common stock
Additions and betterments
$33,775,011 $34,913,678 $27,415,259
$11,984,151 $13,548,082 $12,579,302
2,068,294
1,105,835
1,238,449
5,708,690
5,708,690
5,708,690
(6)9,648,030 (5) 5,152,550(54) 5662607
4,000,000
9,000,000
340,332
Balance, surplus
$365,846
$398,521
$1,885,879
OFFICERS.—Chairman of Executive Comm., Walker D. Hines; E. P.
Ripley, President; D. L. Gallup, Comp.; C. K. Cooper, Asst. Treas.
Directors.—Charles Steele, Edward J. Berwlnd, Paul Morton. H. Rieman Duval, Thomas P. Fowler, Walker D.
Hines, T. De Witt Cuyler, N. Y.;
John G. McCullough. Vermont; B. P. Cheney. Boston; Edward P.
Ripley,
Byron L Smith, Chicago; Andrew C. Jobes, Wichita; Howel Jones, Charles
S. Gleed. Topeka; H. C. Frick, Pittsburgh.
OFFICE.—5 Nassau St., N. Y.—(V. 91, p. 588, 716, 939. 949, 1024.)
ATLANTA BIRMINGHAM & ATLANTIC RR.—OSes Map.)—Brunswick.
Ga., to Birmingham, Ala., 453 miles; Sessoms to Way cross, Ga., 26 m.;
Fitzgerald to ThomasvUle, Ga., 81 m.; Atlanta to Manchester, 75 m.;
Pyriton to Ashland, 7 m.; leases Georgia Terminal Co., In Atlanta, 2 m.;
trackage In Atlanta. 2 m.; total, 659 miles.
(V. 84, p. 1426; V. 80, p. 115.)
The Georgia Terminal Co. and the Alabama Terminal RR.,
having
$1,500,000 and $3,000,000 stock, respectively, all owned by the railroad,
will provide terminals at Atlanta and Birmingham,
respectively; they were
leased for 99 years, their bonds being guaranteed, prln. A lnt.: also
5%
on stock; V. 84, p. 1426; V. 85, p 1204; V. 88, p. 156, 227.
Atlantic Gulf
A West Indies SS. Co. (Clyde SS. Co.) operates between N. Y. and Bruns¬
wick.
V. 91, p. 465; V. 87, p. 616.
RECEIVERSHIP.—On Jan. 2 1909 receivers were appointed, the Jan.
1909 coupon on the first 5s of 1906 being defaulted.
V. 88. p. 99. 156—see
table above.
President H. M. Atkinson is now sole receiver.
V. 88, p. 821;
V. 91, p. 945.
See President’s report of Jan. 5 1909, with opinions of
experts, Ac.
V. 88, p. 227.
$3,250,000 2-year 6% receivers’ certifi¬
cates were sold to replace 19-mlles trackage into
Birmingham and build
Bessemer branch, Ac. V. 88, p. 1497, 1559: V. 89. p. 40, 102, 223.
The
coupons due May 1909 to May 1910 on the Joint coll, notes were purchased
by private parties: Nov. 1908 coupons were paid by the company. V. 88,
p. 1196; V. 90. p. 1237.
General Committee.—Edwin S. Marston (Chairman), Frederick
Ayer,
Samuel Carr and John I. Water bury requested deposits of all securities and
unsecured debt of company and alliedjiropertles.
Depositaries, Manhat¬
tan Trust Co., N. Y., and Old Colony Trust Co., Boston.
V. 88, p. 1196;
V. 90, p. 235.
Committee for First 5s.—S. H. Fessenden, Philip Stockton and F. H.
Farrar.
City Trust Co. of Boston, depositary. V. 88, p. 99, 157, 684.
Committee tor Joint Collateral Notes and First 5s.—Geo. C. Clark, Chair¬
man Geo. C. Clark Jr., Sec.; Trust Co. of America, N. Y., and American
Trust Ca, Boston, depositaries.
V. 88, p. 623. 685, 943.
STOCK.—Par of shares, $100; Issued: common, $25,000,000;
pre¬
ferred, $10,000,000. Of these $17,000,000 common and $5,600,000 pre¬
ferred deposited under collateral trust notes/
BONDS.—Of the 5s of 1906 ($30,000,000 authorized Issue), $14,185,000
have been Issued, of which $5,005,000 Is deposited under coll, trust notes.
Birmingham
by the shareholders
raising $800,000 cash for the
plan.
The general reorganization committee agree to provide In the plan
for the pyament of the
remaining notes at par. They are secured by de¬
posit of $5,005,000 Atl. Blrm. A Atlantic 1st M. bonds and
$5,600,000 pref.
and $17,000,000 com. stock of the railroad
(or cash representing matured
equipment bonds), entire stock ($5,000,000) of Birmingham Coal A Iron
Co., owning 35,000 acres of coal and 3,600 acres of iron ore lands
(subject to
*4*35®'000 bonds, lncl. $310,000 treasury bonds) .and the $1,100,000 stock
and $1,000,000 bonds of Brunswick
SS.Co.,the last mentioned being guar¬
_
The interest until payment thereof is to be
guaranteed
of the construction company or the syndicate
payment
ceed
The $5,500,000 bonds extended to Jan. 1 1910 at 4 4% were
purchased
by the Southern Ry. and placed under its consol, mortgage. V. 89, p. 1595.
DIVIDENDS.
11881 to *89. 1890. 1891 to Mch.’01 inch
Since
Percent—
j 5 yearly.
54
6 yearly (MAS).
7 yrly.(MAS)
EARNINGS.—For year ending June 30 1909, gross, $4,305,174. against
$4,000,262 in 1907-08; net. $1,832,566, against $1,477,990; lnt. on bonds.
$247,500; dlvs. (7%). $119,000; organization exp., $2,500; bal., sur.,
$1,463,566.
Pres.. C. S. Fairchild, N. Y.—(V. 89. p. 1595.)
ATLANTA ft ST. ANDREWS BAY RY.—Owns from Dothan, Ala., to
Panama City, Fla., on St. Andrews Bay. Gulf of Mexico, 85 miles; opened
July 15 1908. Stock authorized, $1,000,000; outstanding $300,000; par.
$100. The first 6s (Central Trust A Banking Corporation of Atlanta. Ga..
trustee) are subject to call at par beginning”Oct.'l 1911.
V. 88. p. 685;
V. 83, p. 270.
ihs ending Dec. 31 1908, gross, $51,454; net,
For 6 months
$16,185; Interest on bonds, $12,750; bal., sur.. $3,535.
Pres.. A. B.
Steele. Atlanta, Ga.; Sec., G.
I.H. Purvis. Dothan, Ala.
(V. 88. p. 685.)
AILANTA TERMINAL CO.—Owns union passenger station opened
May 14 1 905. with approaches, used by Southern Ry.. Central of Georgia
Ry. and Atlanta A West Point RR
Stock, $150,000, owned In equal proportions by the three companies named, which
all charges and ex
penses on car basis. V. 76. p. 593. 1394; V. 77, p
V. 88. p. 119 6.
ATLANTA ft WEST POINT RR.—Atlanta. Ga., to West Point. Ga.,
86 miles.
Georgia RR. Mch 31 1908 owned $547,200 stock and $388,900
deb. cert.
A belt line around Atlanta. 5 4 miles, is operated at rental of
$16,000 yearly—4% on Its cost. V. 71. p. 963 V. 73. p. 1354.
The stockholders voted on Jan. 20 1910 to increase the stock from $1,232,000 to $2,500,000, $1,232,000 being offered to stockholders at par to retire
$1,232,000 deb. 6s July 1 1910; V. 89, p. 1595; V. 90, p. 913.
DIVIDENDS begun In 1855 were for many y<ears 8 % per annum.
From
July 1 1884 to July 1901 Inclusive, 6 % yearly. J A J; Oct" 1 1899.25% extra;
1902 (?); 1903 6%; 1904 to 1909, 6% yearly; 1910, 6%.
In 1907-08. gross, $1,151,791; net, $235,386; other income.
$44,631;
charges. $160,652; dlvs., $73,932; surp.. $45.433.—(V. 90. p. 235, 913.)
ATLANTIC CITY RR.—Camden to Atlantic City, 57 m. (double track
branches, Winslow Junction to Cape May. N. J.. 55 m.; Wllllamstown. 2$
m.; Gloucester, 12 m.; Sea Isle City, 12 m.; Ocean City, 10 m.; total. 168 m.
V. 72, p. 1278.
STOCK, com., $2,625,000; pref., $1,000,000 (par. $50).
Reading Co. owns over 99% of stock, and guarantees consol 4s, principal
and Interest. ' Form of guaranty. V. 75, p. 1398.
Of the latter, $2,650,000
are reserved to retire prior lien bonds.
See V. 73, p. 81.
There are also
outstanding $23,500 Sea Coast RR. series A 5s and $2,834 series B 5s.
EARNINGS.—1 mo., /1910
Gross, $305,711; net, $147,068
July 1 to July 31.
\1909
Gross. 266,181; net, 119,057
For year ending June 30 1910, gross, $1,805,007; net,
$352,182.
In
1908-09, gross, $1,626,055; net, $346,250.—(V. 82, p. 750.)
ATLANTIC COAST LINE
CO-—Organized May 29
1889 under
the laws of Connecticut, and owns a majority of
capital stock and a
large amount of the bonds of the Atlantic Coast Line RR. below.
STOCK, Ac.—Stockholders voted Jan. 26 1910 to Issue $5,040,000 addi¬
tional stock, which was offered pro rata to stockholders at par, payable
Feb. 28, the proceeds to be used chiefly to purchase, at 97 4 and Interest,
any of the $5,000,000 4% *‘B” certificates of Indebtedness offered.
This
Increased stock outstanding to $17,640,000.
V. 89, p. 1666.
As to the certificates of Indebtedness, see editorial Oct.
1897, Sup¬
plement, p. 3; V. 65. p. 564; V. 71. p. 1310. In 1898 $5,000,000 Stock was
distributed as a 100% dividend (V 67. p 954), and In 1900 $10,000,000 4 %
certificates of Indebtedness (Including $2,500,000 of Atlantic Coast Line
RR. Co.), as a 100% dividend.
(V. 71. p. 60?; V. 73. p. 493.)
As to
securities pledged to secure equally the certificates of Indebtedness, see V.
17, p. 1310; V. 83, p. 560. Bal. sheet 1910, V. 91, p. 1091.
CASH
1”01. ’02. ’03. ’04. *05. ’06. ’07.
’08.
1909.
1910.
DIVS._%/4 4 64 8
8
9
10
10
8
2,2.2 4.2 4 ToSep.,7 4
Chairman, Henry Walters.—(V. 90, p. 302; V. 91, p. 1091.)
,
~
'
,
COAST LINE RR.—(See Map.)—Operates from Richmond
on the north, to Fort Myers, Port Tampa and River Jet*.
>uth, and Montgomery .Ala., and Augusta. Ga.. on the west.
reaching the ports of Norfolk, Va.; Wilmington, N. C.; Charleston. S. O.;
Savannah and Brunswick. Ga.. and Jacksonville and Port Tampa Fla.
Sav. Florida A Western Ry. was merged in 1902.
V. 74, p. 774, 829.
In Oct. 1902 acquired $30,600,000 of the $60,000,000 Louisville A Nash¬
ville RR. stock for $10,000,000 cash, $35,000,000 In 4% collat. tr. bonds
and $5,000,000 stock.
V. 75, p. 733. 792, 905; V. 79. p. 785.
fa
—,
,
Oot.. 1910.
RAILWAY STOCKS AND BONDS.
II
12
RAILWAY STOCKS AND BONDS,
RAILROAD COMPANIES
{For abbreviations, Ac., see notes on first page]
Miles
Road
Ad Coast L RR (Concl)—
Alabama Midland 1st M g (Balnb to Monts) --Mo.xc
174
Florida So 1st M gold
244
AB.o*
Sanford A St Petersburg first mtge gold
145
PeP
Ashley River first mortgage
4
Sll Sp O & G 1st M gold (Ocala to Inv & br)-_Ta.c*
64
Atlantic & Danville—1st M $4,425,000 g Int rcnt.Mec*
275
Second mort $1,525,000 gold Interest rental--Ta c*
275
Atlantic & North Carolina—Stock $1,800,000.
First mortgage $325,000
95
MeBa
Atlantic A St Lawrence—Stock 8 % rental Grand Tr’fe
167
Atlantic & Western—First mtge $3,000,000 gold..IB
10
53
Augusta A Savannah—Stock 5 % rental Central of Ga
Augusta Southern—First consol mtge gold
82X
Ce.xo
Augusta Union Station—First M $250,000 gold—SB
Avon Qeneseo & Mt Morris RR—Stock (see text)
Baltimore Chesapeake & Atlantic—1st M gold.-Mp.c*
88
Balt & Cumberland Val Ry—1st M Interest rental
3
Balt A Cumberland Val RR—1st M Interest rental
5
B A C V RR Exten—Stock gu ($270,000 carries 7 %)
First mortgage Interest rental
27
Ba
Baltimore A Harrisburg RR—Mortgage gold. MeBa/;*
32
First M West Ext ($16,000 p m) gold guar_MeBa.c*
15
Baltimore A Ohio—Common stock $152,750,000
Pref stock 4 % non-cum authorized $60,000,000
Prior lien mtge gold not subject to call
Me.c*Ar 1,076
_
_
•
_
_
•
_
M
First M gold redeem at 105 after 1923
Us c*Ar
Southwestern Dlv 1st M $45,000,000 gold—F,cA*r
Pitts June & Mid Dlv ($20,000,000) 1st M g_Ce.c*Ar
P LE & W V Sysref g red 100 after 1925.. Un c* Ar
New York Dlv A Term first mtge $10,000,000 gold.
Conv debentures gold redeem (see text)
Coupon gold notes
Equipment bonds due $1,000,000 yearly
Bonds Underlying First Mortgage 3H%
Loan 1853 extended In 1885 gold
Pittsburgh A Con 1st M extended In 1896 In gold —Cent Ohio $2,500,000 con 1st M (1st loan) g.MeBa c
Pittsburgh Junction 1st M $1,440,000 gold
Me.c*
gin addition $7,635,050 pledged as o»rt collat. for
_
.
_
1,642
_
_
1903
—
—
377
144
7
Pitts.
1.000
100
1,000
£ A $100
1,000 Ac
1894
1879
1879
1,000
500
100 Ac
_
_
•
••••
1898
1898
1899
1898
1901
1905
1910
1910
1910
1853
1868
1886
1882
L F>.
9*.non
100,000
1,000 Ac
1,000
10.000.000
40,000.000
4 g
M
4Hg J
4
F
102.500
56,000
4 g
A
4 sr
J
4 X 9 M
6 fir
.1
Ac
1.000
1,000
1.000
A w. Va
Atlantic Coast Line of Va. (change of
being authorized April 23 1900); April 18 1900 absorbed by consolida¬
Mso 20 % In
2 X
com
5
5
Rtock
5
scrip
’06. ’07. 1908.
’09. 1910.
a5
6
6
65 X
6
5X
5
555
5
5 May,2X
and 5 % In Atlantic Coast Line Co. 4%
5
certificates of Indebtedness.
V. 61. p. 1558.
b Includes 3% paid In Jan.
In Atlantic Coast Line RR. 4% certificates of
Indebtedness.
BONDS.—First consol. 4s of 1902 (limited to $51,326,000
outstanding)
are a first lien on 1,021 miles of road and a
blanket lien on 2,927 miles owned,
subject to the underlying bonds.
The stockholders on Nov. 16 1909 (V. 89,
p. 1141, 1346) authorized (1)
in Issue of not
exceeding $200,000,000 unified mortgage 50-year 4% bonds;
(2) $23,562,500 4% debenture bonds convertible Into com.
stock, these last
to provide an alternative method of retiring the
$23,562,500 certificates of
Indebtedness If the holders elected to exchange for debenture
bonds at
par prior to March 1 1910; and (3) to Increase the com. stock
to an amount
sufficient to provide for conversion of the debenture
bonds.
^ -HBl
Purposes for Which the $200,000,000 Unified 4s Were or Are
Issuable.
To be Issued for Improvements and to retire
$2,000,000 Jack. A
S. W. bonds, $1,600,000 Wll. Col. A Aug. 6s due June 1
1910
and $5,000,000 Atlantio Coast Line RR. notes
$15,000,000
Reserved to retire same amount of 4% certs, of
Indebtedness, if
surrendered prior to March 1 1910 (on June 30 1909
only
$21,566,000 of these certs, were outstanding, remainder re¬
served to retire pref. shares still
unexchanged)
23,562,000
Reserved to retire underlying bonds
84,090,000
Reserved (along with any bonds not issued to retire
certs, of
Indebtedness) for future construction. Improvements, Ac.)__
77,348,000
The 4% convertible debentures will be redeemable after
105 and convertible at the option of the holder tnto commonMay 1 1916 at
stock at $135
a share at any time up to Jan.1920,
or. If called, up to 30 days prior to the
date of redemption.
The holders of all but $232,900 of the $21,566,600 4%
certs, of indebtedness exercised the
option to exchange on or before Mch.l
1910 their certs, for deb. bonds or unified M. bonds at
par. V.89, p. 1481.
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.
There were outstanding March 1 1910 $55,000 Bruns. A West.
Incomes.
The Washington A Vandemere 4Xs
($1,500,000 authorized, of which
$720,000 outstanding) are guar., p, A 1., by endorsement. V. 84,
p. 1246.
FINANCES.—In Feb.1910 the Louisville A Nashville dividend rate was
raised from 6 to 7%.
V. 89, p. 1595.
LATEST EARNINGS.—/1909-10.-Gross, $29,810,868;
net, $9,987,151
12 mos., July 1 to June 30.
\ 1908-09..Gross, 26,144,065; net, 8,081,166
'
REPORT.—Report for
year
1340. 1352 (editorial, p. 1312).
5ross receipts
Operating
expenses and taxes..
Net receipts from traffic
)ther Income
Dividend on L. A N. stock
ending June 30 1909 at length, V. 89,
Comparisons with 1906-07 Inaccurate.
1908-09.
on common stock.
Balance, surplus..
p.
1906-07.
^.$26,144,065 $26,029,052 $26,771,528
1.009.000
a934.000
.
Sys. 4s.
t
Coups.
M
A
A
A
A
A
A
A
A
A
A
Metropolitan Tr Co, N Y
United States Tr Co, N Y
do
do
People’s Bk, Chast’n.SO
1H
3%
2X
1 H
3%
2%
N Nov 1 1941
D June 1 1948
Mrh 1
Places Where Interest and
Dividends are Payable
1911
AS10 Mch 10 1911
A
D June 1 1913
A A To Feb 1 1920
L nlted States Tr Co, N Y
Mercantile Trust Co, N Y
Trust Co of America, N Y
Check from Co’s Office
Nat Mechanics’ Bk. Balt
London and Portland
International Tr Co, Bost
Savannah, Ga
J P Morgan A Co, N Y
Safe Dep A Trust Co.Balt
Erie Railroad. New York
Broad St Station, Phlla
Farm A Mech Bank, Balt
do
do
do
do
do
do
do
do
do
do
Co’s Office. 2 WallSt.NY
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A
O Oct 1 1935
A
,7 July 1 1946
A
S Sept 1 1930
A
J July 1 1922
M. A N.: reg. int. Q.-F.
do
do
do
do
*1
ATLANTIC & DANVILLE RY.—(See Map Southern Ry.)—West Nor¬
folk to Danville Va., 205 miles, three
branches, 22 miles; James River Jet
to Claremont (3-ft. gauge), 50
ra.; total, 277 m.
Leased to Southern Ry.
from Sept. 1 1899 to July 1 1949 for
taxes, repairs, maintenance and cash
rental sufficient to cover Int. charges, with
privilege
of renewals for terms of
99 years.
In addition the Southern Ry. agrees to pay the same rate of divi¬
dends on com. stock as paid on Its own com. stock. V.71
,p.447; V.79.p.625.
STOCK.— Com., $2,180,000.
Pref. shares were canceled prior to July 1
See V. 71, p. 181. 862; V. 73. p. 722,
1904.
956; V. 79, p. 625.
BONDS.—Of the $4,425,000 4s of 1900, $500,000 can be
Issued only for
Improvements upon request of Southern Ry., Interest charges to be covered
by increased rental. Of the $1,525,000 second 4s. the remaining $750,000
were issued July 1 1909.
V. 77, p. 195.—(V. 79, p. 967; V. 89, p. 1410.)
ATLANTIC & LAKE SUPERIOR RY.—V. 89. p. 1595; V. 90, p. 107.
ATLANTIC A NORTH CAROLINA RR.—Morehead City to Golds¬
boro, N. C., 95 miles.
State of North Carolina owns $1,266,500 of
$1,797,200 stock.
Leased from Sept. 1904 to Jan. 1 1996 to Atlantio A
North Carolina Co. (the lease being later transferred to Norfolk A Southern
Ry.) for Interest on bonds, taxes, Ac., and dividends at 3% yearly for
20 years. Increasing X% yearly
every ten years until 5% Is reached;
thereafter, 6%; lessee also agreed to expend $250,000 by Sept. 2 1907
for Improvements and equipment.
V. 79, p. 967.
DIVIDENDS—
’93. ’94. '95. '96. *97. ’98. ’99.
Per cent-..
2202222
Pres., Frank S. Gannon.—(V. 83, p. 1590, 1522.)
ATLANTIC QUEBEC & WESTERN RY.—V. 90.
.
AUGUSTA UNION STATION CO,—Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter under their
op¬
erating contract providing for Interest on the bonds and 4 % dividends on
stock.
Stock, $75,000 (5 % paid In), held equally by Southern Ry., Atlan¬
tic Coast Line RR. and Georgia RR.
V. 78, p. 2333; V. 79, p. 500.
Pres.
Thos. K. Scott; Sec. and Treas., Carlton Hlllyer.—(V. 82, p.
48.)
AUSTIN & NORTHWESTERN RR.—See Houston A Texas Central
Ry.
AVON GENESEO & MT. MORRIS RR — Mt. Morris to Avon, N.
miles.
Leased to Erie RR. Feb. 26 1896 In perpetuity; rental (after
3 X % on stock.—(See V. 63, p. 512; V. 62,
p 318, 589.)
(5X)2,669.568(5
$1,879,381
128.420
79,830
79,830
X)2660540 (6)2.912.256
$31,777
$125,869
Y., 18
1901),
BALD
EAGLE VALLEY RR.—Merged In Penn. RR. In 1908.
BALT. & ANNAPOLIS SHORT LINE RR.—See “Electric Ry. Section/’
BALTIMORE CHESAPEAKE & ATLANTIC RY —Owns Claiborne
to Ocean City, Md., 87.66 m.; from Claiborne to
Baltimore, 44 m., transfer
Is made by water; steamer lines owned, 1,134
m.; touj mileage owned
and operated, 1,221.66 m.
Controlled by Pennsylvania RR and allied
lines.
V. 69, p. 541,590; V. 59, p. 371.
Pref. stock, $1.500,000 5 % cum.;
com., $1,000,000.
Dlv. on pref., 2%Mch. 1 1905; in 1906,
Mch., 3%;
Oct., 2%; in 1907. March, 3%; Sept., 2%; in 1908, Oct., 2%; 1910, Jan.,
5%; Sept., 2%.
The stockholders voted on .Tan. 26 1905 to
acquire a majority of the stock
of the Maryland Delaware A Virginia
Ry., extending from Queenstown,
Md., to Lewes, Del with
hranches. a total of 77 m
and euarantee $2,000.000 of Its first mtge. bonds.
See that co.
V. 80, p. 116, 1058.
Fiscal year now ends Dec. 31.
In 1909, gross, $1,036,959; net, $250,965;
.
.
other Income,
$13,042; charges and improvements, $122,816; dividends
(5%), $75,000; balance, surplus, $66,192.—(V. 84, p. 1302; V. 87, p. 284.)
BALTIMORE & CUMBERLAND (RR. AND RY.).—The Railroad ex
tends from State Line, Md., to Waynesboro, Pa., 4.55
miles; stock, $76,700,
in $50 shares.
The Railway extends from Edgemont Md., to State
Line,
Pa., 3 m ; stock, $42,500, In $100 shares. Both are leased to Western
Maryland RR for 50 years from July 1 1879, with privilege of renewal or
purchase; rental, Interest on bonds.
BALTIMORE & CUMBERLAND VALLEY EXTENSION RR.—Waynes¬
Shlppensburg, Pa.. 26.52 miles. Leased to Western Maryland RR.
and dividend on stock, amounting In all to
$38,730.
V. 75. p. 665.—(V 75. p. 665.)
$5,022,208
862,766
107, 1044.
AUGUSTA SOUTHERN RR.—Owns from Augusta to Tennille, Ga., 82
miles. The Southern Ry. in Jan. 1901 acquired about
fQur-flfths of stock.
V. 73, p. 343.
Com. stock, $400,000; pref., $350,000; par, $100.
Year
ending June 30 1910, gross, $209,784; net, $68,903; charges, $40,547;
balance, surplus, $28,356.—(V. 80, p. 2219, 2456.)
$6,329,501
837,428
$5,359,313
862,754
p.
Under lease
as above.
AUGUST A & SAVANNAH RR.—MUlen to Augusta, Ga., 53 miles.
In
1895 re-leased to Cen.of Ga. for 101 yrs. at 5 % on
stock.—(V. 61, p. 239.)
$8,081,166 $5,985,258
1,215.765
1,463,376
(5 X) 1.683.000(5 X) 1683000
$9,002,929
1900-04.
0
ATLANTIC VALDOSTA & WES1ERN RY.—See Georgia So. A Fla RR.
boro to
for 50 years
J6) 1836000
Reg. Int. Q.-J.
of Board, Henry Walters; Pres.,T M. Emerson;
1st Vlce-Pres.. Alexander
Hamilton; 2d Vice Pres.. C. S. Gadsden: 3d VlcePres., J. R. Kenly; Gen. Mgr., W. N. Royall:
Herbert L. Borden;
Treas.. James F. Post.—(V. 89, p. 1481. 1595; V.Sec.,
90. p. 166, 1238.)
20,442 027
$9,131,634
do
do
do
do
OFFICERS.—Chairman
20.043.794
18.062.899
Total net receipts
$10,979,931
Deduct—
Interest on bonded debt. Ac
$5,439,828
Int. on certificates of
Indebtedness...
862.754
Hire of equip, and term rents
4-.569
Dividend on preferred stock (5%)...
79.830
Dividend
1907-08.
See text
500
DIVIDENDS(%) ’00 ’01. ’02. ’03. ’04. ’05.
a
240.000
4 V
tion (per plan V. 70, p. 840, 893) the
following allied
ton A Weldon RR., Atlantic Coast Line railroads ofproperties: Wllmlng
South Carolina and
Virginia and Norfolk A Carolina RR. The Florida Southern and Sanford A
St. Petersburg were merged April 1903.
V. 76, p 918, 971.
The Atlantic
Coast Line Co. (of Conn.) June 30 1910 owned
$3^,008,493 comm- n stock.
See that co. above.
V. 70, p. 893; V. 71, p. 1116, 1310; V. 83.
p. 560.
STOCK.—Atl. Coast Line of Va. class A (Rich. A Pet. ctfs.)
tax-exempt
stock was assumed as so much of the com stock of the new
company.
Stockholders voted Nov. 1909 to Increase the total authorized stock from
$60,000,000 to $72,100,100, to provide for the conversion of new
4% con¬
vertible debenture bonds.
V. 83, p. 490, 1295; V. 89, p. 1141, 1346.
The pref. stock ($18,850,000) was In 1902
mustly exchanged for 125% In
4% certificates of Indebtedness.
V. 75, p. 1252.
2H3H5
72 800
390.600
230,000
690.000
Last Dividend
and Maturity
N Nov 1 1928
J Jan 1 1945
J Jan 1 1924
J Jan 1 1915
J July 1 1918
J July 1 1948
J July 1 1948
Semi-an July 20’10
A
J July 1 1917
J
M
A
S Sept 1910
A
J
J Jan 1 1944
A
J
J July 6 1910
J
A D Dec 1 1924
J
A
J July 1 1953
J
A
J July 1 1910
M
A
S Sep 1 1934
J
A
J July 1 1929
A
J
J July 1 1929
J
A
J July 1 1910
J
A
J July 1 1931
M
A N Nov 1 1936
M A
N May 1 1938
M
A
S Sept 1 1910
M A
8 Sept 1 1910
A J1 July 1 1925
J
A
A 01 July 1 1948
A J1 July 1 1925
J
Nov 1 1925
1
t non
_
Com. (Incl.Cl.A)
Preferred
3H
5 g
6
6
5 A 7
6
5 g
5 g
M
J
J
J
J
J
J
100 152.238 800 6 In 1910
100
59 983 954 4 In 1910
500 Ac 74,824 000
3X g
500 Ac 74,997 250
4 g
500 Ac 44,951,64°
3X g
600 Ac *6,175.23J
3 X g
1,000 43.260,000
4 g
M
See text
4 g
J
-
ORGANIZATION.—Originally the
6
5 g
5
6 g
4 g
225,000
1.250.000
48.500
1,000
1,000
1,000
Lines ouned and trackage—
Miles.
Lines owned, Ac.— (Con.)— Miles.
Richmond, Va., to Port Tampa,
Paola Jet. near Sanford to St.
Fla
906
Petersburg, Fla
145
Norfolk, Va., to South Rocky
Palatka, Fla., to Brooksvllle.- 145
Mount
..115 MUldale, Fla., to Perry
...
163
Contentnea to Wilmington
105 Branches, Ac
1,516
Wilmington, N. C., to Pee Dee
Leased—
Junction
97 Central RR. of So. Carolina—
Florence, S. C., to Augusta, Ga..l66
Lane to Sumter, S. C
40
Sumter to Columbia
43 Other lines
13
Yadkin Jet. (Wilmington, N. C.)
to Sanford
116
Total In earnings
4,463
Waycross, Ga., to Folkston, Ga. 34 Closely allied lines (see each co.)—
Jesup, Ga.. to Montgomery, Ala.354 Louisville A Nashville
6,970
Brunswick, Ga., to Albany
...169 Charleston A Western Carolina. 341
Dupont Jet. to Fort Myers, Fla..349 Northwestern RR. of So. Car..
71
Also owns one-sixth Interest In the
Rlchmond-Washlngton Co. Leases,
Jointly with the Louisville A Nashville RR., the Georgia RR., 571 miles.
In July 1909 agreed with Norf. A West, to build
Jointly Winston-Salem
Southbound RR., Winston-Salem, N. C., to Wadesboro, 88 miles, to be
oompleted Nov. 1910, the two proprietary companies to guarantee an
Issue of 1st M. 50-year gold 4s.
V. 89, p. 161, 598; V. 90, p. 238.
name
5 g
4 g
2,000
50
_
1881
1886
1888
Payable
1.022,900
400,000
225,000
100
_
When
%
5.484.000
100
1,000
1,000 Ac
Rate
4 g
275,000
8
33,500
4 g
492,000
3.925,000
4 g
1,525.000
4 g
1,797,200 See text
6
325.000
1,000
1,000
1894
1903
Amount
Outstanding
$2,800,000
2.418.000
1.000
1,000
—
1QH1
__
$1.000
«
1887
•
930
384
Par
Value
1888
1895
1894
1877
1888
1900
1904
_
1,657
_
Date
Bonds
I V OL. LXXXXI
from July 1 1881, with privilege of renewal, for Interest
on bonds
See table above and
BALTIMORE A HARRISBURG RR.—Emory Grove. Md. to Orrtanna
Pa., 59 m., with branches, 7 m., total, 66 m. Leases Balt. A
Harrisburg Ry..
Western extension, Orrtanna to Htghfleld, 15 m.,
guaranteeing interest on
Its bonds.
Leased to Western Maryland RR. for 50 years from Oct. 25
1886; rental, Interest on bonds and 5% on pref. stock (all
paid MAN).
Stock, com., $690,000; pref., $29.100.—(V. 44, p. 812.)
BALTIMORE A OHIO RR.—(See Map.)—ROAD.—Operates from Balti¬
more to Philadelphia and Baltimore to
Chicago, Cincinnati and St. Louis:
total mileage leased, owned and
operated in July 1910, 4,434 miles. "Royal
Blue Line
(see Central RR o* N.J ) gives access to New York.
i
Oot., 19I0.J
RAILWAY STOCKS AND BONDS.
13
MAP OF THE
ATLANTIC COAST LINE
14
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Date
Mites
Road
[For abbreviations, Ac.,
Bonds
7
Bonds Underlying Pittsburgh Lake Brie A West. Virgin
Olev Lor As Wheel cons M (now 1st) gold
192
_ Usm.c*
General mortgage $1,000,000 gold redeem 105 . N.c
Cons ret M $10,000,000 gold red at 102 4--Ta.c*
Cleveland Term A Valley 1st M gold guar.-Me.c* Ar
Monongahela Rlv RR 1st M gold
guar
B & O
Ce.c*
Ohio A Little Kan Ry 1st M $250,000 red 105 gold
Ohio River first mortgage ($2,000,000) gold.. FP.c*
General mortgage ($3,000,000) gold 1st on 39 me*
Rav Sp & G11st M $400,000 g guar p & l-.FP.c*
Huntington A Big S 1st M ($400,000) gguar.-c*
Pittsburgh Cleveland As Toledo first mortgage gold.
Pittsburgh Newcastle A L E 1st M extended In gold
Pittsburgh As Western 1st cons M $10,000,000 g..c*
Ellwood Short Line first mtge gold $300,000.. _C
W Va A P 1st M gold 5s scaled; red at par.. MeBa.c*
Leased Lines. Ac., Securities
Balt As New York RR 1st mtge gold guar.MeBa.cAr
Mon River Coal M $1.500,000 gold s t redeem at par
Schuylkill River ES RR 1st M gold guar pAl end.
Staten Ial Rap Tran 1st M $1,000,000 g $ or £. Us.c*
Staten Island Ry first mtge $1.000,000 gold
Me c*
Balt & Ohio Chic Term RR—ChAsGtW 1st M g ass’d.c*
City of Chicago purchase money mortgage assumed
First mortgage $50,000,000 authorized
Baltimore & Potomac—See Phlla Balt As Washington
Bangor St Aroostook—Stock (see text)
- First mortgage ($15,000 per mile) gold
G.c*
Second mortgage gold
Usm
First mortgage Piscataquis Dlv $1,500,000 g--(l.c*
V Bur Ext 1st M $500,000 g (V 69, p 952)
Q.c*
Aroostook Northern first mtge $225,000 gold
li.c*
Consol refunding mortgage $20,000,000 g
_OB.c*
Medford Ext 1st M $1,000,000 g (V 84. p 692). Us.c*
Washburn Extension 1st M gold...,
Ce.c*Ar
St Johns Rlv Ext 1st M $800,000 gu..^
_.Ce.
Aroostook County bonds (assumed)
North Maine Seaport 1st M guar p As 1
.Usm,c*Ar
-
-
a
-
-
"Total Issued" shown In first left hand column
1894
la 4s
$1,000
1893
1896
1900
1895
1889
1900
1886
1887
1890
1892
1882
1878
1887
1892
1890
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
192
102
88
30
72
172
209
33
11
77
30
215
3
176
54
12
11
13
-
Asc.721
Oct 1 1933
June 11936
Jan 1 1930
Nov 1 1995
Feb 1 1919
Mch 1 1950
June 11936
394.000
-
-
1909
1909
’92-’95
54
1905
Monongahela River RR
Cleve. Terminal A Valley..
100
4 In 1910
ft g
ft g
ft g
ft g
'225.000
ft g
4 g
6.721,000
ft g
1.00'.ooo
5 g
1.650,000
5
953,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
l ,000
728.000
1,000
a21
77
53
17
11
30
92
a265
58
74
P.LA.AW.V.SysA%M.{*lM2m.)
West Vlrgfila A Pittsburgh
176 Total of all (adding Baltimore
Belt and other lines)
.4,434
also covered by Pitts. Jet. 1st M. a See this company
•Includes 384 m.,
HISTORY.—Receivers were appointed in Feb. 1896, but in 1899 reor¬
ganized without foreclosure, per plan In V. 66, p. 1235. The B. As O. South¬
western was reorganized per plan In V. 67, p. 688. the consol, mtge. of 1893
having been foreclosed; Cent. Ohio, Asc., plan, V. 67, p. 688, 1206. 1356.
The $15,140,000 Chicago Term. Transfer 1st 4s were redeemed May 31907,
and In
Jan. 1910 the
was
property
bid in at fo eel ure
ale
and reorganized as B. A O. Chic. Term. RR. with $8,000,000 authorized
stock; bond Issue auth., $50,000,000 50-year bo : s.
V. 90, p. 166, 1101.
Control of the Cincinnati Ham. A Dayton.—Under the readjustment plan
of the Cincinnati Hamilton A Dayton (V. 88. p. 1436, 1498), the Baltimore
As Ohio In August 1909 acquired virtual control and Is to acquire
control on July 1 1916 at a price to be fixed by arbitrators, the controlling
stock to be vested meantime In three voting trustees, one to be the Presi¬
dent of the B. As O. for the time being.
Certain of the securities of the
C. H. As D are guaranteed.
V. 89, p. 102, 468.
READING CO., Asc —In 1901 $68,565,000 (virtual control) of the $140,000,000 Reading Co. stock, consisting of $12,130,000 first pref $28,530,000
second pref. ana $27,905,000 com. was acquired, the Lake Shore A Michi¬
gan Southern Ry. Co. (Vanderbilt system) taking about one-half.
In 1904
the B. A O. and L. S. A M. S. each sold $3,950,000 of the common
V. 76,
p. 101: V. 80, p. 1856.
.
PENNSYLVANIA AND UNION PACIFIC INTEREST.—The Pennsyl¬
vania RR. Co. on Jan. 1 1910 owned directly $14,273,600 pref. and $5,725,000 com. stock; also—through the Northern Central and Phlla. B. A W.
(each owning one-half)—$2,000,000 pref. and $2,097,400 com. stock, and
through Pennsylvania Co. $5,000,000 pref. and $13,451,200 com. stock.
Union Pacific In Sept. 1906 purchased $32,334,200 com. and $7,206,400
pref. Stock. V. 83. p. 562, 686, 1036* V. 84, p. 50, 569.
y
4.668,000
Baltimore
44
ft g
A Ohio.
Seml-an.
J
A
J
J
A
J
A
A
O
A
A
O
A
A
O
J
A
J
MAN
F
A A
A
F
A
Various
A
A
O
(3) Southwestern Division 1st Mortgage 34*.
Virtually a first
Uen upon the properties constituting the B. A O. South¬
western RR. system, or the securities representing the same,
covering about 930 miles of first track and about 401 miles
of second track and sidings.
All Issued—.........
45.000,000
(4) B. A O., Pitts. Jet. A Mid. Div. 34*. Expected to be ulti¬
mately a first Uen upon the railroads of the Central Ohio sys¬
tem and Pitts. Jet. RR. Co.. 385 miles In all.
Total
20.000.000
Issuable $1,000,000 per year for first two years and
thereafter $500,000 per year, for the enlargement, better¬
ment or extension of the properties covered
5,000.000
In partial exchange tor old bonds and sold ($4,000,000)..
14.569.000
Of this Issue $6,175,230 Is In hands of the public and $7,635,050 pledged
as part collateral for Pitts. Lake Erie A West Va. System 4s.
Underlying bonds, see table; underlying stocks still out, $21,227.
(5) Pittsburgh Lake Brie A West Virginia System mtge. refunding 4% gold
bonds (authorized amount $75 000,000) are a Uen on 1,642 miles,
consisting
of the Ohio River, Cleve. Lorain A Wheeling.
Pittsburgh A Western. Ac.,
forming a direct connection with Pittsburgh, Cleveland. Falrport. Lorain
and Sandusky, subject to underbring bonds
outstanding thereon (see table
Sept 1905 $29,060,950 additional underlying bonds. Including
¥,dd,S are 8 4s, were held In trust as part se¬
curity. The $30,553,000 unissued Dlv*
reserved to retire underlying bonds.
V. 74, p 266; V 79, p. 2793; V. 80, p. 1423; V. 86, p.
479; V. 88. p. 451. 685.
July 12 TO 2%
Jan
1 1943
July 1 1945
Jan
Jan
Oct
1 1947
1 1943
1 1943
July
May
Aug
Aug
Sept
Apr
1 1951
1 1937
1 1939
1 1939
12-July 15
1 1935
are
Payable
Offlce.2 WaU St.N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
First Nat Bk, AUegheny
J P Morgan A Co, N Y
Co’s office 2 Wall St. NY
do
do
do
do
Amer Bonding A Tr.Balt
518
Walnut St.
Phlla
17 State St. New York
17 State St. New York
Mercantile Trust Co, N Y
To
City of Chicago
Checks mailed
Guar Trust Co New York
do
do
do
do
do
do
do
do
Brown Bros. N Y; A Bost
do
do
Central Trust Co, N Y
do
do
Fourth Nat Bk, Boston
Brown Bros NY Bos APh
LEASED LINES.—Schuylkill River East Side 5% bonds were purchased
Dec 1 1903 at 110. per V 68, p. 40, and $5,000,000 new 4s Issued guaran¬
teed. p. A I.. by endorsement.
V. 77, p. 1745; guaranty. V. 81, b. 727.
The West Virginia A Pittsburgh (see agreement In V. 67. p. 1310) has
been operated since Sept 1 1899 under a 99 years’ lease, for 4% on the mtge.
to be appropriated to payment of bond Interest.
V. 69 p. 439.
Acquired at 125 $1,956,000 of $2,400,000 Pitts. Clev. A Tol. 6s. V. 70.
p. 632; V. 76. p. 47.
FINANCES.—In Feb. 1909 sold $13,100,000 Pitts. L. E. A West Va.
dlv. 4s.
V. 86. p. 1528; V. 87. p. 36.
In 1910 sold $10,000,000 one-year 4% notes dated Mch. 10 1910 and
$10,000,000 4% equipment bonds dated Feb. 10; also filed 4% equipment
mtge. for $10,000,000. none to be Issued at present.
V. 90, p. 696, 848.
In May 1910 sold $40,000,000 3-year 4H% gold notes, pari of a $50,000,000 auth. Issue, for Improvements and equip., secured by $6,000,000 first
pref., $14,000,000 2nd pref. and $10,000,000 Reading com. stock and $28,000.000 B. A O. Chic. Term. 1st M. 4% bonds, the remaining $10,000,000
being reserved to retire the $10,000,000 notes due Mch. 10 1911. Other
collateral may be substituted under conditions stated In the Indenture.
V. 90, p. 1295.
The capital expenditures for 13 years ending Deo. 31 1909 were $151,704,000 and $24,000,000 will be required to complete construction and
betterments In progress and equipment contracted for.
V. 90, p. 166.
EARNINGS.—3 mos.. J1910
Gross, $24,515,627; net. $7,747,081
July 1 to Sept. 30.
\1909
Gross, 22.677,892; net, 8,031.705
REPORT.—For year 1909-10, V. 91, p. 1020,1037.
(See also p. 997).
Year ending June 30—
1908-09.
1907-08.
Inc. or Dec.
Miles
4,434
4,460
—26
earns..
Freight
$69,408,113 $58,355,112 +$11,053,001
Passenger earns
14,485,585
13,551,238
+934,347
Mall, express, Ac., earns
5,007,554
4,506,506
+501,048
Operating Income (after taxes)
Pittsburgh RR., covering about 581 miles of first track and about 573 miles
of second third and fourth tracks and sidings; also on the B. A O. Terminal
property and the Baltimore Belt RR. They are also a Uen. subject to prior
uen mtge , upon main Une.Ao.
See app. to list, V. 69. p 30; V. 79. p 211.
Total authorized (lncl. $49,975,000 Issued at reorganization)..$168,000,000
Of which reserved to retire prior Uen bonds In 1925
75,000.000
Issued and issuable for betterment or extension of the prop¬
erties covered by mortgages (1) and (2), or for extensions,
additions or equipment; at not over $1,500,000 a year for
1st 4 years ana $1,000,000 a year thereafter, originally..
27,000,000
1 1922
Apr 1 1990
Dividends
000) are secured by deposit with the trustee of all the Staten Island Rapid
Transit refunding 4s as Issued ($5,000,000 authorized), all the $350,000
Balt. A N. Y. 1st 5s and the entire stocks of those
companies. Of the
bonds $5,000,000 were Issued on June 30 1910 but held In tne treasury, the
balance being reserved for the further equipment, development and exten¬
sion of the Staten I. properties Including Balt. A N. Y Ry V 83. p 1042.
In Nov. 1907 purchased 2,000 cars from the Fairmont Coal Co., assuming
part of $1,529,000 5% car trust bonds, due $162,000 yearly to Sept. 1918.
V. 85. p. 1404. Ground rent Uens June 30 1910, $1,145,057.
DIVIDENDS.—
Common (%)
Preferred (%)
Chicago and Akron divisions and branches and the Fairmont Morgantown A
July 1 1917
Jan
Places Where Interest and
(6) The 4% debentures of 1901 are convertible at the option of the holder
Into common stock at par on 30 days’ notice (see V. 73 n. 1159);
they may
be caUed for payment at par and Interest on any Interest
day. In the inverse
order of their numbers. V. 72. p. 282; V. 73. p. 337,1158; V. 75,
p 549.
(7) New York Division and Terminal 1st As (authorized amount $10,000,-
Total gross earnings
Operating expenses
-
Oct 1 1922
June 11917
J
J
A
STOCK.—Authorized Issues: Common, $152,750,000; pref. 4% non-cum.,
$60,000,000; outstanding, see table above. Pref. stock dlvs. are limited to
(See V. 71, p. 1166, and editorial, p. 1143; V. 72, p. 1186.)
4%.
'00. '01 to *04. *05. '06. ’07. '08. ’09. 1910.
4 yearly 4H5H
2
6
6
6
6
4
4 yearly 4
4
4
4
4
4
BONDS.—(1) Prior Lien 34%. a first lien on main line and branches,
Parkersburg branch and Pittsburgh division, about 1 076 miles of first track
d 1,325 miles of second third and fourth tracks and sidings, and also all
the equipment now owned of the value of uowards of $20,000,000, or here¬
after acquired.
See application to list,
Total authorized, $75,000,000.
V. 69. p. 30; V. 78. p. 1906 V. 86, p. 1528; V. 86, p. 36.
(2) First Mortgage 4% Gold Bonds, Due July 1 1948 but subject to call.
In whole or in part, after July 1 1923, at 105; a first Hen on the
Philadelphia,
Apr 1 1937
Aug 1 1920
July 1 1922
MAN May 1 1939
A
D Dec 1 1945
A
D June 1 1925 *
A
O Jan 1 1913
44 v J
D June 1 1943
A
J
A
D June 1 1936
MAN May 1 1938
See text. A
A
O April 1 1960
3.004,200
3.360,000
112,000
1.500.000
500.000
1,000
ICleve. Lorain As Wheeling Ry.,
Wheeling to Cleveland. Asc
al95
Ohio River RR. Lines—
Benwood to Wheeling. Asc
West Virginia Short Line RR
Ohio As Little Kanawha RR
511.000
650.000
being owned b
Plttsb. Cleveland A Toledo
A Falrport
Eastern Ohio..
Trumbull As Mahoning
361,000
303,000
441,000
28,000.000
w
355 Plttsb.Palnesv
137
378
Branches to Falrmont,W.Va.,Ac. 66
South W. Die. 34% M.—
Belpre, 0.,v!a Clncln. to St.L. Ac 930
PUts. JCt.ZH% M —(384 miles)
Bellalre to Midland City. O
)
Shawnee to Sandusky, O
J377
Junction
Pittsburgh
RR
7
A
A
1.000
1.000
BALTIMORE & OHIO— [See Map)—{Concluded.)—
The system embraces, subject to mortgages, the following lines:
Pr. lien 3 4 % M —(1,076 m.) Miles Pittsburgh A Western
Balt, to Wheeling. Belpre. O.,
Oumb. to Plttsb A W , Ac
l*f M. 4% —(581 miles.)
Balt, to Phlla. and branches
Chicago. Ill., to Akron, O
J July 1 1922
A
J
1*93
?8
e
A
5 g
5 g
ft g
ft g
4 g
ft g
55
32
batanc
J
5,000,000
890,000
950,000
3,301,000
50.000
618,000
5,000,000
1,000,000
1893
1895
1899
1899
1697
19ol
1907
15 4
412
a$243,000
700.000
228.000
2,000,000
2.941,000
1,000
100 Ac
1,000
1,000
Last Dividend
and Maturity
5 g
1,000
1,000
1,000
1,000
_
77
33
Payable
1889
1895
1903
1883
1910
_
When
%
1,000
—
_
Rate
82,100
650.000
300,000
3.983.000
1886
211
211
Amount
Outstanding
O
D
44 g J
A
J
4 g
MAN
& g
F
A
A
5 g
MAS
5 g
J
A D
ft g
A
A
O
6 g
F
A
A
ft g
J
A
J
ft g
A
A
O
4 g
J
A
D
4 g
J
A
J
ft g
J
A
J
A
A
6
4g
—
_
Par
Value
[VOL. IAXXAI.
Ret
earnings
Other Income
Total net income
Interest, rents, Ac
MisceUaneous improvements, Ac..
Dividends on preferred stock (4%).
Dlvs. on common stock (6%).
$88,901,252 $76,412,856
61,333,801
51,163,981
+$12,488,396
+10,169,620
$27,567,451 $25,248,875
$24,497,854 $22,438,051
4.217,898
3,347,257
+$2,318,576
+$2,359,803
$28,715,752 $25,785,307
$12,468,165 $12,049,301
+$2,930,445
+$418,863
549,572
—133,611
415,761
2,355,675
9,118.538
+876,641
2,355,887
9,116,431
—212
+2,107
Balance, surplus
$4,357,613
$1,714,116
+$2,701,728
•Surplus differs from that shown In pamphlet report, owing to method
of charging common stock dividend our form being used lor simplicity.
Executive Committee—Daniel Willard, Chairman; Oscar G. Murray.
J. R. Foard, L. F. Loree, Robert S. Lovett, E. R. Bacon, N. B. Ream and
Samuel Rea: Pres., Daniel Willard; 1st Vlce-Pres., Geo. F. Randolph; Sec.,
C. W. Woolford; Treas.. J. V. McNeal.
Directors—R. Brent Ksyser. John P. Green. Samuel Rea, Joseph R.
Foard, Oscar G. Murray, James Speyer, Robert S. Lovett, Norman B.
Ream. James Stillman, Edward R. Bacon. Joseph Wood. L. F. Loree.
N. Y. office, 2 Wall St.—(V. 90. p. 1361; V. 91, p. 1020.1037.)
BALTIMORE & OHIO CHICAQO TERMINAL RR.—Property con¬
and freight terminals In city of Chicago, lines of railway
leading thereto and a belt line around the city; also 760 acres of land
In and adjacent to the city, of which 50 acres are In the centre of the business
district: also includes 7,500 feet of dock property on Chicago River. Nearly
all land. Including that upon which tracks have been buUt, Is owned In fee.
Track owned, 84 m.; leases from Chicago Junction Ry. 11 m.; trackage, 7 m.;
total. 101 m.; 2d track, 69 m.; sidings, 118 m.; total all tracks, 289 miles.
sists of passenger
HISTORY.—Successor to Chicago Terminal Transfer RR., bid In
on
Jan. 10 1910 by the B. A O. under foreclosure of first mtge., subject to
two underlying mtges. shown above.
V. 90, p. 166, 100, 235, 625. Stock
authorized, $8,000,000;
par
$100.
TENANTS.—Balt. A Ohio. Chicago Great Western, Chicago Junction*
Pere Marquette.
See V. 77, p. 948, 2158; V. 79, p. 901. Minimum rentals
from tenants, $513,500 annuaUy.
V. 79, p. 2084.
BONDS.—Of the 1st M. bonds of 1910, $28,000,000 Issued as series A 4s
given to the Balt. A Ohio to represent the cost of the property, and are
pledged under Its 3-year 4H% secured gold notes, $5,000,000 additional
series A 4s to be Issued when required for Improvements and $1,200,000
reserved to retire the old bonds and $15,800,000 for extensions. Improve¬
ments and equipment to bear not over 4 4% Interest.
V. 90. p. 1295.
were
p.
REPORT.—Report of old Co. for year end. June 30 1909. given In V. 89,
1066, shows: Oper. rev., $1,091,817; oper. Inc., def. after taxes, $101,727;
other Income, $698.412.—(V. 90. p. 166, 235, 625. 1101, 1295.)
BASROATINLWCDKSY
190.
Oot.
16
RAILWAY STOCKS AND BONDS.
[VOL.
J.XXXXI
RAILROAD COMPANIES
Miles
Date
Par
Amount
(For abbreviations, Ac., see notes on
Rate
When
Last Dividend Places Where Interest and
first page]
Road Bonds
Value
Outstanding
%
and Maturity
Payable
Dividends are Payable
Bancor it Aroos {Con.) Car trusts Ser C g gu PeP.c*
1906
$1,000
Oar trusts Ser D g guar
$540,000
6 g
J
A
D
To
1
June
1916
$45,000 due s-a
Brown Bros, N Y & Bost
1907
.Pe.Pc*
1,000
185.000
Bath ft Hammondsport—1st
6 g
A
A
O To Apr
do
1 1917
mortgage—
10 1889
do
1,000
100,000
Second mortgage
5
J
A D June 11919
50
Church St, N Y
10 1893
1,000
200.000
Boaum’t ft Qt Nor—IsOM g $40,000per m
5
A
A
O Oct 1 1923
do
33
1909
do
1,000
605.000
Beech Creek—Stock (guaranteed 4 %
5 g
J
A
J July 1 1939
York
by endorsement)
165
50
6,000,000
First mortgage gold guar p A 1 (endorsed)
4
J
Oct 1 1910 1% Grand Cent Station. N Y
<3
165 1886
1,000
5,000.000
Second M tor $1.000,000 g guar
4 g
J
A
J
1936
July 1
165 1892
do
p & 1 (end)
do
1,000
1.000.000
Clearfield Bitum Coal 1sttill
& g
A
J
M lnt
*
J July 1 1936
do
1891
do
100 Ac
721.500
4 g
Beech Creek Eaten—Is M $4,500. rooi
J
A
J
Jan
1 1940
& i O.c*
59 1901
Knickerbocker
Trust.NY
1,000 Ac
8,500,000
Beech Creek consol mtge $20,000,000
3 X g A
A O Apr 1 1951
id Cent Station, N Y
gold.. Q.c* &r
1905 1,000 Ac
3,964,000
4 g
Bellingham Bai
A
A
o Apr 1 1955
ly & Brit Col—1st M $1,000,000 gold s t
do
All
1901
do
1,000
659,000
Belt RR &
5 g
J
A
D Dee 1 1932
ft Stock Yard of Indianapolis—Stock
U S M A Tr Co. NY; ASF
50
1,000,000 6 In 1910 J
Prefe
(erred stock cumulative
A
J
July 1 1910 8%
office, Indianapolis
50
500,000
6
First mortgage for $1.000,000 currency
Oct 1 1910 1 X
<; I— J
do
1881
do
1,000
1.000,000
New mortgage, $1,000,000 gold
6
M
A
N
W
30
1911
H
Apr
1909
Newbolda, Phlladel
See text.
4 g
Belt Ry of Chattanooga—First mtge gold—MeBa.c*
1939
49 1895
1,000
300,000
5
Be videre Delaware—Stock
J
A
J
l ,000,00
1 1945
50
1,253.000 See text Semi-an. July
Gonsolldat. guaranteed by United Co's sinking fd..r
Dec 31 ’09 5% Broad St Station, Phlla
81
1,000
500,000
mort
4
M
A
S
guaranteed by United Co’s sinking td-.r
Sept 1 1925
do
81
1887
do
1,000
749,000
4
of
Issue $600,000 reduced
F
A A Feb 11927
81
do
1893
do
by sinking td-.r
1,000
500 000
4
J
A
$4,000,000jguaranteed by United Co*s
J Jan 1 1933
sinking fd.c*
do
81 1903
do
1,000
973,000
3X g J
Bessemer A Lake Erie—Erie equipment trust
A
J Jan 1 1943
do and Bk Com,NY
1902
1,000
1,220.000
5
M A
Locomotive equipment trust
S Mch 1 1922
1903
1,000
150,000
5
Standard equipment trust
M A
S Mch 11913
do
1905
do
1.000
1,060.000
5
Bessemer equipment trust, due $110,000
A
A o Apr 1 1925
do
yearly....
1907
do
1.000
1.1
on
non
5
Oonneaut equipment trust
M A
s Mch 1918-1927
do
do
300.000
5
National equipment trust due $40,000 May yearly.
A
A
o
s
200,000
If A N Uav 1011.1 OIK
Blag A Gar—1st M ggured llObeg’13 convJuly'll-’14
1910
500 Ac
2.566i6v0
6 g
J
A
lingham Belt—See St Louis & San Francisco
J July 1 1920
Jingham Terminal—1st M $3,000,000 gold guar
1907
1.000
1 94).000
4 g
M
A
„jmshttrg & Sullivan RR—First M $400,000
S
Mch 1 1957
FP
29 1898
100 Ac
351.700
5
Second mortgage Income non-cum $200,000
J
A
J Jan 1 1928
T A S D Co, Phlla
FP
29 1898
100 Ac
199.600
5
Boca A Loyalton—First M $675,000 gold call 110..c*
J
A
J Jan 1 1928
56
1903
Reg Bloomsburg, wh earn
1,000
524.000
6 g
Boonville St L A South Ry—1st M gold $1,000,000 .c*
A
A o Apr 1 1923
44 1881
USM
4Tr,NY; &SF
1,000
400.000
6 g
Boston ft Albany—Stock ($30,000,000 authorised)
F
A
A Aug 1 1911
Amer Each Bank, N Y
892
100 25,000,000 See
Bonds (not mortgage) guaranteed
text
If
Q
Sept
*10 2% Office, Term Stat’n, Bost
c
prln & lnt
30
1902
1,000
3,858,000
3 X
Bonds (not mortem ret
nnn onn
A A o Apr 1 1952
do
1893
do
1,000
3,627.000
Bonds (not mtge) $2,500,000 (V 71
4
A
A
o Oct 1 1918
,p
_
-
*.
-
_
.
-
m
_
...
V.
....
....
mr
«...
—
...
—
—
—
...
...
1218;V72.p,44)
Bonds (not mtge) $4,500,000 due 1934)
gu p & 1_.
Bonds (not mtge) $2,000,000 gu p & lnt
...
—
1901
’08-'09
1910
1.000
1,000
509.3 miles, viz.
Lines owned—
Miles.
Lines Leased—
Miles
Oldtown to Van Buren
221 7 Northern Maine
Seaport, La.
Ashland Jet. to Fort Kent
04.9
to Searsport
Grange
54 1
Milo Jet to Greenville
48 R Spurs
5.2
South Lagrange to Packards.. 28.0
St. Johns River Extension
32.00
Total June 30 1910
3
599
Masardls to Stockholm. &c
55.0
Branches
.59.5
Northern Ry. of Maine was
Incorporated with
about 80 miles, connecting Van Buren, Ft. Kent $510,000 stock to build
and St. Francis, which
were mostly opened In Jan.
1910; other extensions by Bank. A Ar. aggre¬
gating 35 m. have been authorized. V. 85, p. 920; V.
89, p. 161.
ORGANIZATION.—Organized Feb 13 1891. State of Maine refunds
95% of all taxes levied.
For organization see V. 66.
p. 855
Owns entire
stock of and leases for 999 years
Northern Maine Seaport RR., which In
Nov. 1905 opened extension from La
Grange. Me., to Searsport, on Penob
scot Bay, 54 mlJes.
V. 81, p. 1549: V. 84.
p. 693.
STOCK.—$2,983,800 as Increased In 1910 by $494,200, to build
exten¬
sions.
V. 84, p.1549.
DIVIDENDS —lx% semi-annually Jan. 1904
to Jan. 1905, both In
elusive: July 1906 to July 1910 4% yearly.
BONDS.—Plscat. DIv. 5s. see V. 67, p. 1159; V. 68,
p. 84, 329.
Of the
oonsol. ref. gold 4s, $12,500,000 were
reserved to pay off the outstanding
bonds. Including those of controlled roads, car trusts
and
pref. stock, ana
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 equip¬
ment. V. 73,
p. 286. 896; V. 74. p. 93. The Northern Maine Seaport bonds,
of which $4,562,000 Issued
($5,000,000 authorized) are guaranteed. V. 81.
p 265; V. 82. p 392; V 84. p 391.692:
form of guaranty V 81
p.727.
The Washburn Extension 1st M. 5s of 1909 cover
the road from Masardls
to Stockholm, Me., 48 m., with 7-m.
spur,
operated
from
June
20 1910.
V. 90, p. 848. 913.
The St. John River Extension 1st 5s of
1909 ($1,800,000 auth.
Issue),
guaranteed prln.. A lnt., are Issuable at
$30,000
being In operation and remaining 28 miles to be per mile, about 32 miles
completed by Dec. 1 1910.
LATEST EARNINGS.—(1910
Gross, $443,384; net, $124,152
2 mos., July 1 to Aug.
31.(1909
445,135; net,
177,321
Surp. after charges In 2 mos. of 1910, def.,Gross,
$26,521; In 1909, sur., $36,520.
ARNUAL REPORT.—Report for year
ending
June
30 1910 In “Chron¬
icle," Oct. 29 or Nov., showed: Gross,
$3,163,272; net, $1,377,982; charges,
$1,026,803; dlvs. (4%), $104,212; Imp’ts and equlpt.,
$161,949; bal., sur.,
$85,018.
In 1908-09, gross, $2,916,815;
net, $1,127,640.
Directors, Oct.
1908, V. 87, p. 1088.—(V. 90, p. 913.)
BATH ft HAMMONDSPORT RR —Bath, N.
Y.. to Hammondsoort. N.
Y., 10 miles. Control acquired by Erie RR. in
1908.
Stock, $100,000.
Year ending June 30 1909, gross,
$41,923; net, lnd. other income, $17,793;
lnt.. taxes, Ac.. $19,484; bal., def.,
$1.691.—(V. 79. p. 1954.)
BEAUMONT ft GREAT NORTHERN RR.—Owns
Trinity, Tex., to
Livingston, 33.43 miles. Stock, $370,000, in $100 shares.
Guaranty Tr.
Co., N. Y., mort. trustee. V. 90. p. 235. In
Aug. 1910 all the stock and
bonds were acquired by President Carlisle.
V. 91, p. 588.
Pres.. William
Carlisle. Atchison. Kan.; Sec. and Treas., W. S.
Bartlett.
Office, Onalaska,
Tex.—(V. 90. p. 235; V. 91, p. 588.)
—
.
BEECH CREEK RR.—(See Maps N. Y. Central
A Hudson River RR)—
to Mahaffey, 112 m.; branches to
to mines, Ac.. 53 miles; total, 165
PhlUpsburg,
miles.
LEASE. Ac.—From Oct. 1 1890 leased to the N. Y.
Cent.
ROAD.—Jersey Shore, Pa.,
A Hud. River
RR. for 999 rears at Interest on bonds
and 4% on stock, and since
1899 operated directly as a part of Its
May 1
Pennsylvania
division.
V. 68, p. 872.
Carries mostly coal and coke.
See guaranty. V. 52,
570.
The
p
bonds are
endorsed with New York Central's
See V, 52. p. 570.—(V. 75. 1398.) guaranty of principal and Interest.
BEECH CREEK EXTENSION RR.—(See Maps N. Y.
Cent. A Hud. Riv.)
—Clearfield, Pa., to Keating. 52.14; Curry to
Curwensvllle, 15.77 m.; Har¬
mon to Irvona. 26.76 m.;
Mahaffey to Arcadia, 12.95 m.; branches, 19.84
m.:
total, 127.46 miles.
A low-grade coal line leased to
New York Central
A Hudson River Railroad (which owns
the entire $5,179,000 stock
and
$3,964,000 consol. 4s) for 999 years from June 1 1905, bonds
being guar,
p. A 1.
Of the consols, part is reserved to retire,
$
for
$,
old
bonds.
V.
80,
p. 1174, 1479; V. 81. p. 30; form of
guar., V. 82, p. 1267.
(V. 82. p. 1267.)
;ham to Glajurs,
)00,000, all owned by New York and San Francisco
parties.
Loans and bills
payable June 30 1918, $228,000
Year ending June 30 1910. gross,
957: net income,
$64,653; Interest and taxes, Ao., $60,084; bal.,$273.sur.,
$4,569. Pres., H. H. Taylor.—(V. 81,
p. 840.)
,
.
.
BELT LINE
In
RY. OF MONTGOMERY.—Owns
Montgomery, Ala.,
about
one
mile of
real estate and
a
.
belt line
track on Tallapoosa,Bell.
Perry and
Columbus streets.
Atlantic Coast Line RR
pays an annual rental of $15,631.
Atlantic Coast Line RR. owns about 92%
of the $200,000 stock;
par.
$100. The $200,000 6% bonds were
paid off at maturity, Jan. 1 1910.
V. 90. p. 107. Year ending June 30 1909,
gross, $18,049; net income, $16,966: bond interest, $12,000; balance,
surp., $4,966.—(V. 90, p. 107.)
BELT RAILROAD ft STOCK YARD OF
INDIANAPOLIS.—Owns 14
Ac.
Leased for 999 years to lnd Union—wb1<
union—which see
DIV’ND—(Preferred inj
nf Common '03. '04. '05. '06. '07.
'08. '09. 1910.
fl
5.1 stock. % 6X
7
8
8» 11
12
6
6
In July 1909 $1,000,000
30-year
4%
bonds
were
sold fordelivery in 1911
to retire the 6s due 1911.
V. 89, p. 40.
Pres.,
S.
E.
Rauh, Indianapolis,
lnd.—(V. $9. p. 40.)
miles of belt road
.
3 X
4
4
2.000.000
BANGOR ft AROOSTOOK RR.—(See Map.)—Oldtown, Me.,
northerly
to Van Buren, with branches; total
.
1.000.000
11.500.000
,T
M
A
M
ft
A
J Jan
N
1 1951
May 1 1'>■**’-34
N May 1 1935
do
do
do
do
do
do
BELT RAILWAY (OF
CHATTANOOGA. TENN.)—Owns 49 miles of
oelt railroad In
Chattanooga. Tenn. V. 67, p. 72.
Leased till July 1 1945 to Alabama
Great
Southern
interest on first mtge bonds, taxes and RR.; rental guaranteed
maintenance
STOCK
$300,000. owned by Alabama Great So. Ry. There
are also $24,000 2d
M. 4s due 1945, redeemable
at par; coup, paid Jan
'01 to Jan
to meet
Is
*10 tncl.
BEL VIDERE
DELAWARE RR —Owns from Trenton, N. J., to ManunN. J.. 67 miles; Fiemlngton RR.
Ac., 14 miles; total operated,
Leased to United Companies, and
transferred to Pennsylvania
RR, March 7 1876.
Net earnings paid as rental.
ka Chunk
81 miles.
Dividends.—1897 to 1906, 5% yrly; *07 to
'09. 10% yrly: Dec. *09, 5%
(s.-a.): 1910, none to July.
BONDS.—All of the
lg bonds are secured by the consolidated
outstanding,
mtge of 1875 for $4,000,000; sinking
lkli
fund, 1% of outstanding bonds If
earned
The Issues of 1885,1887 and 1903
are guaranteed by the United
New Jersey RR A Canal Co.
Guaranty V 76 p 918
EARNINGS.—In 1909, gross, $1,773,860; net, $323,002; other
Income,
$37,703; Interest, taxes, Ac., sinking
fund and other charges, $211,113;
dividends (10%). $125,300; surplus,
$24,291.—(V. 84, p. 748.)
BENNINGTON ft RUTLAND RY.—See Rutland RR.—(V. 70.
In July 1910 to New York New Haven
ford
BERKSHIRE RR.—Sold
RR.
V. 91, p. 154.
p.
685 )
A Hart¬
BESSEMER ft LAKE ERIE RR.—Leases Pittsburgh Bessemer A
Erie RR.. Bessemer, near
xPittsi
Pittsburgh. Pa., to Conneaut Harbor. Lake
Lake
Erie,
with branches, a total of 209
miles, for 999 years from
April 1 1901;
owns 9 miles; total, 218
miles. V. 72, p. 137.
Stock,
auth.,
$500,000.
Controlled by the Carnegie Co. and so by U. S. Steel
Corporation. Guar¬
anty of Marquette A Bessemer Dock A
Navigation bonds, V. 77, p, 1228;
V. 76. p. 1358; V. 82. p. 160.—(V.
82, p. 160.)
—
Ac
~
.
BINGHAM ft GARFIELD Ry.—V. 90, p. 1674; V.
91. p. 654, 716.
BIRMINGHAM ft ATLANTIC RR.—Talladega to Coal
miles; branches, Rogans to ore beds. 9 miles, and Furnace City, Ala.. 31
to
3 miles; total. 43 miles.
Stock. $1,000,000, all common; parWelslngers,
of shares,
$100.
Bonds, $500,000 40-year first 6s due Nov.
1 1931 ($1,000 each);
Interest, payable MAN, In default.
Year ending June 30 1908,
gross.
$32,571; net income. $6 449* taxes, Ao., $2,761;
bond Interest, not paid.
Pres., Sidney H. March; Sec. A Treas.. John Carlsen,
25 Broad St., N. Y.
BIRMINGHAM TERMINAL CO.—Owns passenger terminals at
Birming¬
ham, Ala. Stock all owned by the Illinois Central.
Southern Ry., Seaboard
Air Line. Central of Georgia, St. Louis A
San Francisco and Alabama Great
Southern, which lease the property and pay all
expenses, charges and 4%
dividends on the stock and Jointly
guarantee the bonds.
Of the bonds
($3,000,000 authorized), $1,060,000 are reserved for additional
properties.
V. 83. p. 1227; V. 85, p. 404.
Guaranty, V. 90. p. 848.—(V. 90, p. 848.)
BLOOMSBURG ft SULLIVAN RR.—Owns Bloomsburg to Jamison
Pa
City.
29 miles.
Stock Is $600,000; par. $50.
V. 66. p. 80, 952.
Year
ending June 30 1909, gross, $91,203; net, $37,882; other
Income,
$3,663;
lnt., taxes, Ac., $41,353; balance, surplus,
$192.—(V. 66, p. 80, 952.)
BOCA ft LOYALTON RR.—Owns from Boca, on Central
Pacific main
line, northwesterly via Loyalt
iton to Beckwith. 40
miles; 6 miles additional
main line and 10 miles of
.
d:
"branohes;
total. 56 miles.
The Den. A Rio Gr.
June 30 1910 owned 51% of stock.
Stock, $1.200,000; par of shares, $15.
Bonds cover also Roberts Lumber
Co.’s property comprising 52 769 acres of
pine lands, water-works, Ao.
Mercantile Trust Co. of San Francisco is
mortgage trustee.
They are sub¬
ject to call for sinking fund at 110 and Interest.
V.
p. 1191.
For year
ending June 30 1909, gross, $201,645; net, $98,270; 76,
charges, $80,002;
sur..
$18,268.—(V. 61.
bal.;
p. 667.)
BOLIVIA RY.—V. 89.
p.
1667; V. 90, p. 107: V. 91. p. 716.
-
BOONVILLE ST. LOUIS ft SOUTHERN RY.-Boonville to
Versailles.
Mo., 44 miles. In July 1909 an extension of
lease to Mo.
arranged for 99 years from July 1 1910 at annual rental of Pao. had been
$25,000,
taxes,
expenses. Ac.; also a new issue of $400,000 of
99-year bonds bearing a lower
rate of interest to refund the old 6s due
Aug. 1 1911. V. 89. p. 284. Stook.
$250,000; par of shares, $125.—(V. 89, p. 284.)
BOSTON ft ALBANY
—Owns from Boston, Mass., to
N. Y.,
200 miles; branches, 104 RR
miles; leased lines. 88 miles; total. Albany,
392 miles.
Leased In 1900 for 99 years to the New York
Central A Hudson River RR.
for guaranteed rental of 8%
per annum on the $25,000,000
quarterly (March 30, Ac.), organization expenses. Interest onstock.payable
bonds, taxes,
expenses of maintenance, Ac.
The B. A A received for certain
not Included In the lease $5,500,000 In
property
N. Y. Central 3X%
100-year
deben¬
tures, thus adding .77% per annum to 8%
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.
In 100* *7
onn
VPftr 1% hnnd« were
wi(j, vuarantpfvi prln
and
lnt. by New York Central A Hudson
River RR.
No mortgage can be
placed on the property without Jointly
Including
the
bonds
In
the lien.
V. 86, p. 1099,1158,1466,1528; V.
88, p. 99. In June 1909 Issued $4,500,000 25-year 4% bonds for additions
and impr’ts and in 1910 sold
$2,000,000
25-year 48. V. 88, p. 1060; V. 89, p.
102; V. 89, p. 161; V. 90, p. 1169,
1162: V. 91, p. 335, 396.
DIVIDENDS.—Since 1900,
2 X%
8 H%. viz., 2% each in March
and Sept.,
In June and 2H% In Dec.
EARNINGS
Calendar
Year—
1909
1908
—(V. 89, p.
as
reported to State Railroad Commission by
lessee:
Over. Inc.
other
Interest,
Balance.
Revenues,
(after Taxes). Income.
Divs.,Ac
Deficit.
$13,027,765 $2,796,287 $149,009 $3,523,130
$577,884
11,098,074
1,452,089
96,783
3,173,050 1.624.177
102, 161; V. 90, p. 1169, 1612; V.
91, p. 335, 396, 945.)
Operating
Oot., 19J0.J
RAILWAY STOCKS AND BONDS.
17
18
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
[For abbreviations, Ac.,
Road
Date
Bonds
80s & Low—Stk auth ($7,119,400)1
Bonds 20 yean not mortgage
Bonds
do
do
Bonds
do
do
Bonds
do
do
Bonds
do
do
c*
Bonds
do
do
Bonds
do
do
Bonds
do
do
Bonds
do
do
o
Bonds
do
do
Bonds
do
do
See description
In “Investors'
Supplement”
„
m
^
w
of Apr., 1895.
p. 2.
Boston ft Maine
gives
^
^ „
» — —
rental
guaranty for 99
a
1893
1895
1896
'97 '98
1.000
1,000
1.000
’OO-’Ol
1.000
1.000
(not mortgage) gold
•
r
—
exchanged for Fitchburg
(not mortgage), $1,000 ,C
$2,000,000 (not mortga
(not mortgage), 20 year
...
•
— —
_
—
—
_
-
_
r
rrency...
Bonds (not m<
c&rr
lortgage) $12 .000.000.
Portsmouth Great Falls ft Conway 1st M assumed.
.
.
73
68
1
Boston Revere Beach ft Lynn—Stock.
1st M(V 65,p 68: V 88,p 379)$1,0™ •
Boston Terminal Co—First mortar ag<e curr..
-l8t
1,000
1,000
1.000
1.000
100
100
—
1
Bonds
Bonds
Bonds
Bonds
Bonds
1.000
1903
1905
1906
1907
1909
yean.
r
-
•
•
1887
1892
1894
1900
1901
1903
1905
1906
1909
1877
-
-
-
1.000
1,000 ftc
1,000
1,000
1.000
1,000
1.000
1,000 ftc
1.000 ftc
500 ftc
100
-
’88-’93
_
9
r
...
gol
is wick ft
falo Cr—Con (now 1st) M $1,000,000 g lnt ai
falo New York ft Erie—See Brie Railroad
6
—
g<
Line P & Chari
B R ft P consol
1909-10.
Mall, express, &c
Total operating revenues
Net income (after taxes)
Rentals, sinking fund, &c
Interest accrued
Additions and betterments.Dividends on preferred stock, 6%
1.000
1.000.000
100
100
10.500.000
6,000,000
1.000
1.000
1,000
1.000
1,000 ftc
1.300.000
...
—
1908-09.
1907-08.
$15,003,066 $13,763,696 $13,844,226
25,451,237 23,014,439 22,486,065
2,902,872
2,750,563
2,660,458
$43,357,175 $39,528,698 $38,990,749
$10,732,984 $10,177,225 $9,064,135
6,098,452
5,930,265
6,542,734
1,783,910
1,859,357
1,769,905
198,842
41,099
80,537
188,988
188,988
188,988
Balance
sur.$783,260 sur.$529,143adf$1409,662
a Decreased $543,206 from
"conting. fund,” leaving net def. $866,456.
OFFICERS.—President, C. S. Mellen; 4th V.-P. and General lAudltor
W. J. Hobbs; Treas., Herbert E. Fisher.
Office, Boston.
Directors.—Chas. S. Mellen, Samuel
New Haven. Conn.
J. P. Morgan, New York; Lucius Tuttle, Hemingway,
Richard Olney, J. M.
Alexander Cochrane, Amory A. Lawrence, Boston; Robt. Prendergast
M. Burnett
Southboro, Mass.; Walter C. Baylles, Taunton. Mass.;
Philip Dexter
Beverly. Mass.; Theo. N. Vail, Lyndon. Vt.: A. W.
N. H.; William Skinner, Holyoke, Mass.; Fred. C. SuUoway, Franklin
Dumaine, Concord
Mass; Edwin F. Greene, Wayland, Mass.; Fred. E.
Edward P. Ricker, South Portland, Me.; Chas. F. Richards, Portland. Me.
Linsley, Meriden, Conn.
—(V. 90. p. 235, 446, 501, 625; V. 91, p. 716, 864. 945,
1024, 1095.)
BOSTON & PROVIDENCE RR.—Owns Boston Mass., to Providence*
R. I.. 44 miles; branches 20 miles.
Leased 99 years April 1 1888. to Old
Colony RR.; rental 10% yearly on stock. In June 1907
a law was signed
permitting consolidation with Old Colony RR.—(V. 84 p. 1487.)
BOSTON RAILROAD HOLDINQ
June 18 1909 under special Act with CO.—Incorporated In Massachusetts
power to hold securities of Boston ft
Maine.
The $100,000 original stock Is to be held
by the incorporators or
their successors.
See law, V. 88, d. 1618.
The N. Y. N. H. ft Hartford
will own or control the remainder of the common
stock.
On Oct. 4 1909 took over $10,994,800 B. ft M. stock
at $140 per share,
payable $15 in stock and $125 In 4% 50-year bonds redeemable at 105,
calling for $1,649,000 stock and $13,743,500 bonds. V. 89,
p. 161, 528.
In Oct. 1909 asked permission to
purchase $1,575,500 additional B. ft M.
com. stock at $154 per share,
payable $125 In 50 yr. 4% bonds due Nov. 1
1959 and remainder In stock; also
$582,600 pref. stock at $162, payable $125
in 4% bonds and $37 In stock, and In
Feb. 1910 $2,786,800 In com.and$71,~
700 pref. stock at $155 and $162
per share, respectively, payable $125 per
share In bonds and remainder In stock,
making a total of $15,357,100 B. ft
M. com. out of $28,271,790
outstanding and $654,300 pref. out of $3,149,800
to be owned, or 51 % of the entire B. ft
M. stock.
This Increased the com¬
pany s stock to $3,106,500 and the bonds to
$20,012,000. V. 89, d. 992;
V. 90. p. 446, 501, 771.
V
In Sept. 1910 application was
made to Issue non-voting 4%
4%
pref.stock.
subject to call at any time at 110, guar, by the N. Y. N.
H. ft H. and secured by an equal amount of B. ft
M. stock, as authorized by the Mass.
Legislature, to take the place of bonds
previously
Issued.
V. 90, p. 1612;
V. 91, p. 153, 945
850.000
1891
STOCK.—Stockholders will vote Nov. 2 1910 on increasing the stock by
$10,663,700 for improvements; outstanding Oct. 1910, $28,841,690.
DIVS. Slnce’92/ ’93. ’94-’98. *99. ’00 to July *08. 1908.
’09.
1910.
Common
%\ 8 6 y’ly. 6)4
7 yearly.
Oct., 1)4
6
6
BONDS.—As to debentures, see Issue of April 1895.
EARNINGS.—2 mos., (1910
Gross, $7,953,596; net, $2,620,630
July 1 to Aug. 31.
\1909
Gross,
7,674,901; net,
2,843,037
ANNUAL REPORT.—Annual meeting second
Wednesday In Oct. Re¬
port 1909-10 in V. 91, p. 864.
-----
3.149.800
1.919,000
2,500.000
6,000.000
5.454.000
1,000,000
2,000,000
500.000
10,000.000
11,700.000
1,000,000
850.000
14,000.000
420,000
Boston ft Lowell
o469
Vermont Valley
24
Concord ft Montreal
a479
Sullivan County
2«
In Feb. 1910 the Boston Pallroad Holding Co. (which see
below) had
acquired in the Interest of the N. Y. N. H. ft H. 51% of B. ft M. stock.
Boston ft Maine guarantees $1,328,000 first 5s of St.
Johnsbury ft Lake
Champlain
Also Interest on $274,000 Manchester ft Lawrence 4s
Jointly
with Maine Central guarantee* $800,000 Portland Station* bonds
In 1910 purchased $1,777,100 of the $3,099,800 Wore. Nashua ft
Roch.
stock.
V. 90, p. 625.
Passenger
350 000
See text.
1,000 ftc
1,000 ftc
1,000
BOSTON ft LOWELL RR.—ROAD.—Owns Boston to Lowell. 26 miles*
branches—Salem and Lowell, 17 miles; Lowell snd Lawrence, 12 miles,
others, 45 miles: Middlesex Central. 11 miles: leases—Connecticut ft Passumpslc, 146 miles; Nashua ft Lowell. 15 miles; Peterborough. 10 miles;
Northern N. H., 88 miles (and subsidiary lines 90 miles):
Stony Brook RR..
1$ miles; Wilton RR., 15 miles. Leases
mostly assumed by BostonftMalne.
Leased In 1887 for 99 years to the Boston ft Maine at 7% per annum on
stock till Jan. 1 1897 and 8% thereafter.
The stockholders voted Jan. 5
1910 to Increase stock from $6,849,400 to $7,119,400, the $270,000 new
stock being sold March 9 1910 for additions and improvements.
V. 89,p.
1667; V. 90. p. 625, 696.—(V. 90, p. 108, 625, 696.)
BOSTON ft MAINE RR.—ROAD.—The system with its many branch
lines covers the territory from Boston. Mass., to Portland, Me. (two divi¬
sions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jet. and Troy
N. Y.. Worcester, Mass., to Portland. Me., and most of New
Hampshire
Lines owned.
Miles.
Lines leased—(Concluded!).
Miles.
Boston, Mass., to Portland, Me.,
Fitchburg
u458
via Western Division
115 Nashua ft Lowell
al5
Boston to Portland, Eastern Dlv. 108 Worcester Nashua ft Rochester. a94
Conway June.. Me., to North
Connecticut River RR
a81
Conway, N. H
78 Other
74
Portsmouth Electric Ry
18 Trackage rights
9
Portland, Me., to Rochester,
N. H
54 Total operated July 1 1910....2.290
North Cambridge Jet. to North
2d track (3d ft 4th track. 10) 564
ampton. Mass
96 Controls Maine Cent. System..1,164
Sundry branches
148
St. Johnsbury ft Lake Champ. 131
Lines leased,
a See this
York Harbor ft Beach
company.
11
Freight
500.000
325,000
1897
1807
1: 1 »
1881
1882
1887
1889
1907
8
4
4
4
4
4
3H
939,000
250,000
500.000
2.170.000
100
_
Rate
%
$7,119,400
1.000,000
1,000,000
500,000
750,000
414,000
4.000,000
1.000
—
109
239
273,
10
353
Amount
Outstanding
$100
1,000
i892
— —
*
Par
Value
3.920,000
4,427.000
350.000
6.189.000
3)4
3)4
4
4
4
[VOL.
When
Payable
J
A
F
M
J
A
J
M
M
M
J
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
Lon Dividend
and Maturity
Sept 1 1925
Nov 1 1926
July 1 1927
A
April 1 1929
In 1910
Octl 19101)481
Q—J
6
M
ft
S Sept 1 1910 3%
4
4
F
F
4)4 g J
$ g
J
M
8)4
J
3)4
F
3)4
4
M
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
A
A
J
J
N
J
Feb
l 1937
Aug 1 1942
Jan
1 1944
July 1 1950
Nov 1 1921
Jan 1 1923
2 1925
A Feb
S Sept 1 1926
O April 1 1929
D June 1 1937
4)4
10
Oct 1 1910 2h
Q—J
4
J
ft
J July 1 1918
In 19U J
ft
J July 1 1910 3*
ft
4)4 g J
J July 15 1927
Text
3)4
Feb 1 1947
5 g
M
ft
N May
1 19.' 5
4)4
A
J
fig
J
ft
in 1910 F
In 1910 F
ft
ft
ft
ft
ft
ft
ft
6
6
5
5
F
J
M
J
4)4 ? M
g
g
g
g
Places Where Interest and
Dividends are Payable
J July 2 1910 4% At
O Apr 1 1932
A Feb 1 1913
S Mch 1 1915
J July 1 1916
O Oct 1917 ft 1918
J 1919 ft 1921
N May 1 1923
S
N
J
O
J Jan
1 1941
LXXXXI.
Office, Boston
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
At Off,Causeway St Bos
do
do
do
do
do
do
do
do
do
do
do
do
do
do
aO
do
do
do
New York and Boston
do
do
Boston Term Room 424
do
do
Office, or checks mailed
State St Trust Oo, Boston
State National Bk Bost
New York
U S Mort ft Tr Cc.NY
A Aug 15 1910 2% 36
A Aug 15 1910 3%
A Feb 1 1921
D Dec 1 1922
S Sept 1 1937
J Jan 1 1939
N May 1 1957
Wall
do
do
St
do
do
do
do
New York
do
do
do
do
do
do
The Blllard Company, an allied B. ft M.
holding company. In Oct. 1909
Increased Its share capital from $50,000 to
$2,000,000.
Pres., Frederic C. Dumaine. Concord. Mass.; V.-P., Walter C.
Baylles.
Boston; Sec., Robt. M. Burnett. Southboro, Mass.—(V. 91,
p. 153.)
BOSTON REVERE BEACH & LYNN RR.—Owns
narrow-gauge
road
Boston. Mass.. 9 miles, connecting with Boston by com¬
pany’s ferry-boats; Wlnthrop Division, East Boston to
Wlnthrop.
5
miles.
In Sept. 1908 $379,100 stock was
acquired by Estabrook ft Go.
V. 87. p.
$676.
Notes payable July 1 1910, $290,000.
DIVS.1’88-’91. ’92. ’93. ’94. *95. ’96. ’97 to ’05. *06. ’07. *08. ’09. 1910.
P. C-.J7 yrly. 5)454)44
2 yearly.
3
4
5
6
6
6
from Lynn to East
Yr. end. June 30— Cross.
Net.
Int.Ataxes.
Dies. paid. Bal.,sur.
1909-10
$887,889
$119,948
$67,590
(6%)$51,000
$1,358
1908-09
863,475
121.533
69,493
(6%)51,000
40
—(V. 81. p. 1722; V. 83, p. 270, 379; V. 84. p. 1365: V.
87.
p. 676.)
BOSTON TERMINAL CO.—Owns Southern Union
Depot In Boston
opened In 1899.
V. 68 p. 40; V. 69, p. 591. Boston ft Albany New
Eng
land. Boston ft Prov.. Old Colony and N. Y. N. H. ft Hartford
RR Cos.
each owns one-fifth of the $500.000
stock
capital
and
pay as rental In monthly
Installments sums sufficient to pay all expenses,
charges. Interest on bunds
and 4% on stock.
These companies are Jointly liable for any deficient
icy In
case of foreclosure.
Reg lnt payable Q F; coupons FftA.
224.)
BRAZIL RY.—V. 90, p. 396.
BRINSON RY.—Owns Savannah, Ga., to Mill Haven, 72 miles, completed Sept. 1909. Projected to extend from Savannah to Athens. 180 mSTOCK.—Common, $1,000,000, all outstanding; pref., 7% cumulative,
$500,000; outstanding, $275,000; par, $100.
Or the bonds
auth. issue), the remaining $580,000 are Issuable at not over ($1,000,000
85% of the
cost of extensions and Improvements, but only
when the net earnings after
taxes, repairs, ftc., for 6 consecutive months within the last 8 months shall
have been twice the lnt. charge for a half-year, incl. the bonds
applied for.
V. 91, p. 335.
For 7 mos. end. March 31 1910, gross, $89,808; net, $43,779.
Pres., Geo. M. Brinson. Office, Springfield, Ga.—(V. 86, p. 720, 1158;
V. 88. p. 944; V. 90, p. 1554, 1674; V. 91, p. 335.)
BUFFALO CREEK RR.—Owns 6 miles of terminal road in Buffalo. N.Y.
In December 1889 leased tor term of charter less one
day to the Lehigh Velley and the Erie RR., which together own entire capital stock of
$250,000.
Rental Is Interest on bonds and 7% on stock.—(V.
84, p. 50.)
BUFFALO ROCHESTER ft PITTSBURGH RAILWAY.—[See Map.)—
Operates from Buffalo and Roch.. N. Y.,_to bituminous coal regions.
Lines owned in tee—
Miles.
ape (concluded)—
Mites.
Buffalo Creek, N. Y.. to Mt.
Willow Grove to Pittsburgh, Pa7
Jewett, Pa
—100 Penn. RR.—Penn. RR. Jet. to
Clarion Jet. to Lindsey, Pa
59
Shuman Run Y. Pa....
10
Rochester to Ashford, N. Y.
94 Other
8
Charlotte, N. Y.« to Lincoln Park 10
Leased—Stock not maned—
Indiana Branch
63 Allegheny ft Western—a
Six branches
27
Punxsutawney to Butler. Pa..
Trackage—
Ac
68
Erie—Mt. Jewett to Clarion Jet.. 21 Clearfield ft
Mahoning—<1
Baltimore ft Ohio—
Clearfield to Beech Creek RR.. 28
—
Butler. Pa., to Newcastle
41 Mahoning Valley RR...—
Rlbold Jet. to Allegheny City. . 83
Total Sept. 1910 (a See separate statement for this
2
company)
574
ORGANIZATION. ETC.—Successor In March 1887 to the Rochester ft
Pittsburgh, which was foreclosed In Oct. 1885,jper plan In V. 41. p. 518.
The entire capital stock ($4,000,000) of the Rochester ft
Pittsburgh Goal
ft Iron Go. was owned (V. 66, p. 1088) and
through that
In May
1896 control was acquired of the Jefferson ft Clearfield Coalcompany
ft Iron Oo. (see
that co. under ’’Industrials”) with $3 000,000 stock.
In 1806 the stock
of the Roch. ft Pitts. C. ft I. Co. was transferred
(subject to the lien of the
»d stock
Eneral
mtge.)
to the
Mahoning
Investment of
Co.,$4,125,000
having $4,200,000
In $100
shares,
In consideration
stock, theauthor*
latter
being distributed Deo. 1906 pro rata In proportion of 25% among the
holders of Ry. common and preferred stocks.
V. 83. p. 1468.
V. 85 p.
414, 415; report, V. 87, p. 542
Fur bonds of these coal companies see
Mlscel. Cos.
Clearfield ft Mahoning securities »re guaranteed.
DIVS. 1*97. '98. '99. '00. '01. '02. '03. ’04 to’06. ’07. '08. '09. 1910.
Pref. (%))
2
1
2
6
«
*.
*
- venm
ft
a
6
6
Com. (%)J
4
4
6 yearly 5)4
5)4
4H 4
4
The Mahoning Investment Co. In Aug. 1907 and March 1908 also paid 2%
dlv. on its stock: Aug. 1908, 2%; 1909 and 1910, none.
.V 88, p. 685.
Compare “Organization” above. V. 85, p. 283.
BONDS —General 5s for $5,573,000 are reserved for prior bonds, ftc
The $35,000,<KM) 50-year consols are to bear not over 4)4% lnt.,
$3,000,000 were Issuable at once. $18,145,000 to retire underlying
obligations at
or before maturity and the remaining $13,855,000 to be reserved for
future
ty
_
_
.
000 bonds for Improvements during the calendar year, and In Aug. 1910 to
Issue $117,000 to acquire the Sliver Lake Ry.,etc., making $6,189,000bonds
outstanding.
V. 84, p. 867, 1306; V. 85, p. 39. 414; V. 86, p. 336; V. 87,
1009; V. 90, p. 371, 558; V. 91, p. 400, 588.
A sinking fund of 5% will retire series A, B ft O equipment bonds
annually
on May 1. If purchasable at or below par; otherwise to be
applied to the pur¬
chase of additional equipment.
V. 68. p. 1131; V. 71, p. 501; V. 73,jp. 848.
Series D and B have an annual sinking
fund of 6% for purchase of bonds
1, respectively, at 106 and interest; If not purchasable,
Sept. 1 and May 1.
bonds may be drawn by lot; Series E may also be called as an entlr
p.
_
__
Eut
cannot be’ called.' V. 89, p. 468; V. 91, p. 400.
EARNINGS.—2 mos., J1910
Gross, $1,647,679;
July 1 to Aug. 31.
)1909
Gross,
1,611,793:
net,
net,
$624,679
669.321
BASROTANILDCWKSY
1Oot9 0..,]
a©
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
Miles
Date
Par
Amount
[For abbreviations, Ac., see notes on
first page]
Road Bonds
Value
Outstanding
Buff R & P (Con) Euu.p bds $500,000
gold a f Ser A Q.e*
1899
1,000
$5u0,000
do
do
B ft C($995,000 StrB)each
gold * f_G
1900-1
l.OoO
1.995.000
do
do
D $2.000.000 gold red 105 sink fund..
1902
1,000
1,302.000
do
do
B $2,000,000 gold red 105 sink fund.,
1904
1.000
1.618 000
do
do
P $3,000,000 gold red sinking fund.1907
1,000
2,485,000
do
do
Q $3,000,000 gold sink fund
1909
Q
1,000
754,000
Buffalo ft Susquehanna RR—Common stock
guar 4%
50
4,656.900
Preferred stock non cum guaranteed 4%
K
50
4,000.000
First M gold sinking fund redeem at
102 1893
500 ftc
61.500
First refundingmortgajre gold (see par—Me c*ftr
text)_ .Mp.(’*Ar
265 1901
1,000 ftc
9,510.000
Buff ft Susu Ry—Receiver'soertfs $750,000 authred
101
1910
383,000
First M $3,000,000 gold
Us.c*fti
1903 1,000 ftc
6,000.000
Equipment trust
_
.
^ ^^
_____
—
_
.
_
_
_
mmmm
•
•
m
do
do
do
do
-
do
do
Ser D $15,000 semi-annually
Bullfrog-Goldfield RR See T nooah ft Tidewater Rv
Turlington Cedar Rapids ft Northern—See Chicago R
lurlington ft Missouri Valley—-See Chicago
Burlmgto
Iuit • Ferry Brown del & Chester—First
M
ilifornia Pacific—See Southern Pacific RR.gold-.xc*
_
_
bonds $44,000 due seml-an.Usm.c
Ser B (V 85 p 39) $27.000 s-a. Usm
Ser C (V 85 p 283) $45,000 s-a.PeP
•
Canada Southern—Stock
1st M ext In 1908 (Can money)
Second M for $6,000,000 (Can
c&r
money)
do
eamlngton ft St Clair 1st M g gu p ft 1 (end)...c*
Canadian Nor—L Man Ry ft Can Co $8,000 p m) Guar.
Canadian North DIv $8,000 per mile
1 by
Manitoba ft S E (assumed, $8,000 per mile) Man.
Gilbert Plains Branch $8,000 per mile
Govt
.
•
•
•
_
—
-
_
_
•
m
m.
_
_
_
_
il W RR ft N—1st M $600,000
gold guar s f (text) _c*
tmbria ft Clearfield—1st M ($2,000,000)
g
GP.c*
Bell's Gap consol M sink fund not drawn
GuP.c*
Clearfield ft Jefferson first mortgage
GuP.c*
Pennsylvania ft N W gen M $2.500.000
GuP c*
Cambria ft Clearfield general
mortgage gold
Camden ft Burlington County—Stock
6% guaranteed
First MggupftlbyUnNJ RR ft Can
Co-.Qp.c*
Canada Atlantic—Con (now 1st) M g gu p ft 1
Pemb South 1st M, guar.
Central Counties f rst mortgage Interest rental
Canada Michigan ft Chicago—1st M (see V 63 d 838)
•
...
1906
1907
1907
1907
ock Is! and ft
n
ft Q ulncy.
1907
1,000
1,000
1,000
1.000
_
_
.
37
457
404
404
16
125
177
108
27
1910
1891
1882
1886
1890
1905
1906
1909
»
1878
1883
1895
1896
1899
1899
1900
Income)
Interest on bonds, &e
Miscellaneous
New
equipment
Equipment bonds retired
Dividend
Dividend
on preferred stock
on common stock
(6%)
$2,841,762
$3,394,143
677,081
1,189,689
12,696
125.000
190,000
360,000
(4)420,000
4H
4H
4H
4H
4H
M
M
M
M
A
A
J
Rock
A
ft
6 g
J
J
A
J
ft
ft
1.000
1,000
1.255,000
1,000
$
or £
381,925
350,000
14,384,644
150.000
5g
6
6
5
4 g
6
4 g
4 g
4
4
£100
£97,500
1,000 Worthless
100 $15,000,000 See text
$1.000 $14,000,000
6 g
1,000 ftc
6.000.000
5
1,000
130,000
4 g
£100
r
4
£100
See
<
4
£100
text
4
1
£100
$1,961,349
$2,787,451
360,000
360,000
(5)525,000
647.595
1,103,664
13,203
(
and
Maturity
May 1 1919
May 1 '20 ’21
tJTTtl.
Places Where Interest and
Dividends
are
Payable
36 Wall
do
do
do
do
St., New York
do
Nov 1 1919
do
May 1 1922
do
Apr 11927
do
Oct
1 1929
do
do
Jan 1 1910 2 % July ’10
pay’t In default
Mch 1 1910 1% June’10
do
do
Oct 1913
Apr 1 1951
July 1910 coup not paid
July 1 1911
Wm Salomon ft Co, & Y
Apr 1 1953
May 1910 coup not paid
Jan 11 July ’16 N W Harris ft
Co. N Y
Apr 11 Apr *17 N W Harris ft Co, N Y
Feb ll-Aug'17 KnlckerbockerTrCo, N Y
Feb 'll-Aug ’17 Penn Co for Insur, ftc
Isl and Co
600,000
1,279,000
145,000
1.000.000
1,021,000
Last Dividend
ft N
ft N
ft
N
ft
N
ft
O
4 g
ft
O
4
ft
J
4
Q —M
5 g
A
ft
0
4 g
J
ft
.T
6
J
ft
J
4H g M ft N
5
J
ft
J
5
A
ft
O
5
F
ft
A
5
F
ft A
g
g
g
g
g
1.000
1,000
500 ftc
500 ftc
$2,373,092
$2,809,905
641,067
1,126,415
12,484
(4)420,000
Payable
6 g
ANNUAL REPORT.—Fiscal year ends June 30. The annual
meeting
Is held at New York on the third
Monday In November. The report for
1909-10 was given at length In V. 91,
p. 392, 400.
In 1909-10 carried
6,526.087 tons of bituminous coal (out of 10,170,483 total tons
of freight
moved), against 5,186,043 in 1908-09
Year ending June 30—
1909-10.
1908-09.
1907-08.
Operating revenue
$8,936,117 $7,171,897 $7,484,028
Operating expenses and taxes
6,094,355
4,798,805
5.522,679
Operating Income
When
%
165,000
BUFFALO ROCHESTER ft PITTSBURGH RY. (Concluded).
Net (Including other
Rentals
Rate
1,000
25
1897
1905
630,000
210,0°0
Pacific R y and also
—
27
103
30
46
76
392
30
30
396
519.000
351,000
[YOU
J
F
J
F
J
M
M
O
J
J
ft
O
ft
J
ft
J
ft A
ft
J
ft A
ft
J
ft
S
ft S 14
Apr 1 1937
Commonwealth Tr Go StL
Jan
Jan
Anglo-CalTrCo, San Fran
1 1915
1 1941
Broad St Station. Phlla
do
do
Jan 1 1927
do
do
Jan 1 1930
do
do
Feb 1 1955
do
do
July 1910 3% Broad St Station. Phlla
Feb 1 1927
do
do
Jan 1 1955
do
do
ft Lond
Apr 21913
Sept 1 1956
1949
F
J
M
A
ft
ft
ft
ft
A
J
S
o
F
F
ft
ft
A Feb
A Feb
Aug 1 1910 1 H Grand Central StatlonNY
Jan 1 1913
Mch 1 1913
Oct 1 1945
Aug 1 1926
4
_
Bank of Montreal,Lond’n
1 1929
1 1929
Nov 1 1930
Union Tr Co New York
do
do
Agts Bk of Montreal N Y
Can Bk of
Com, NY;ftLo
Sykes.
Its coking plants, with capacity of 800 tons of
coke dally, are ship¬
ping to Buffalo for use of Rogers-Brown Iron Co.—(V.
91, p. 37, 214.) *
•BURLINGTON.”—Sec CHICAGO BURLINGTON ft QUINCY RR
BURR'S FERRY BROWNDEL ft CHESTER RY.—See issue
July >10.
CALGARY ft EDMONTON RY.—See page 165
CALIFORNIA-WESTERN RR. ft NAVIGATION CO.—See page 165.
(THE) CAMBRIA & CLEARFIELD RY.—Cresson
Jet. to neat' Glen
Campbell Branch Jet., 50 m.; Bellwood to Fordham, 65 m.; Cresson
to Irvona. 27 m.; Kaylor to Black
Lick, 37 m.; Vail to Gramplon, 49 m.;
Bradley
Jet. to Cherry Tree, 18 m.: branches. 153 m.*
total, 399 m.
A consolidation
Aug. 1 1903. V. 78, p. 828. Stock $4,833,850, ail of which
is owned by
Penn. RR. Co., which operates road under
lease.
A full abstract of mtge.
securing 5s of 1891 was In V. 52, p. 976. Of the bonds,
$500,000 first 5s
were on Jan. 1 1910 owned
by the Penn. RR. For year ending Dec. 31
1909, gross, $2,854,790; net, $443,318: other
Income,
$30,645; Interest,
taxes, ftc., $398,788; bal., sur.. $75,175.—(V.
77, p. 298.)
CAMDEN ft BURLINGTON COUNTY RR —Owns from
Pavonla. N. J.‘
to Pemberton, N. J.. 23.35
miles: branch, Burlington, N. J., to Mount
Balance, surplus...
$419,677
$249,939
$137,989
Holly, 7.12 m.* connection with P. ft L. B. RR. at
OFFICERS.—Pres., Adrian Iselin Jr., N. Y.; V.-P., W. Emlen Roose¬ 0.39
Birmingham, N. J.
m.; total, 29.86 m.
Operated under lease by Penn. RR., which guar¬
velt, N. Y.; V.-P. ft Gen. Mgr., W. T. Noonan; Treas., J. F.
antees 6% on stock.
Dinkey,
Stock, $381,925; par, $25. In 1909, gross, $342,606
Rochester; Sec. ft Asst. Treas., Ernest Iselin, N. Y.
net, $18,571; loss to lessee under rental,
$34,866.—(V. 64, p. 373.)
Directors—Henry G. Barbey, A. Iselin Jr., Wm. E. Iselin, A. Lanfear
CANADA ATLANTIC RY,—Owns Depot Harbor, Ont.. on
Norrie, Walter G. Oak man, C. O’D. Iselin, W. T. Noonan, George Emlen
Georgian
Bay,
via
Roosevelt, W. Emlen Roosevelt. Ernest Iselin, Oscar Grisch, Samuel WoolOttawa, to Alburg Jet., 399.57 m.; trackage to Swanton, Vt.,
ftc ,6.66 miles; leases for 99
verton and Harry Yates.
'N. Y. office, 36 Wall St.—(V. 91, p. 588, 1024.)
years Central Counties Ry.,Glen Robertson to
Hawkesbury. 22.24 m., and South Indian to Rockland. 16.25 m.; owns
BUFFALO ft SUSQUEHANNA RY.—Company owns from Wells- greater
part of stock of Pembroke Southern Ry. branch from Pembroke to
vllle, N. Y.. to Buffalo, 86 miles, and leases the Buffalo ft
Susquehanna RR.
Golden Lake 21,36 m. (V. 82, p. 451. 1101);
for 999 years from July 1 1907 .or Interest on bonds
total. 466.08 m. The Grand
and guaranteed divi¬
Trunk Acquired the road and took It over Oct
1 1905
dends of 4% yearly on the capital stock.
V 81. p. 1174
By this lease and Its ownership
Canada
Atlantic
Transit Co., $1,000,000 stock,
of the entire com stock of the B. ft S.
operates steamers, Depot
RR., the company controls road ex¬
Harbor to Duluth, Milwaukee and
Chicago. V. 69, p. 954; V. 70, p. 279.
tending from Wellsvllle, N. Y.. to Sagamore, Pa., about 60 miles north of
The 50
Pittsburgh, which, with Its several branches, has a total mileage of about Montreal, yr. 4s of 1905 (authorized issue. $16,000,000; Royal Trust Co.,
trustee)
are
270 miles.
guaranteed,
prin. and lnt., bv the Grand Trunk;
Total mileage owned and leased, 362.
the unissued bonds are reserved for future
The plants of the Buff, ft Susq. Coal ft Coke Co. and of
requirements.
V. 79, p. 967,
the Powhatan
1131.
1641, 2454; V. 80. p. 1058 1727, 2343; V. 87, n 1477.
Coal ft Coke Co. (V 75 p 922- V 79.
p. 2061. 2091-92) are located on the
In April 1910 £97,500 Central Counties
lines of the B. ft S. RR.
Ry.
4%
bonds
were Issued, to
The Buff, ft
Susq. Iron Co., merged In Rogers- retire $380,000 5s. V. 90, p. 1169.
Brown Iron Co. April 1 1910, which owned
2 blast furnaces at Buffalo,
As to Pembroke Southern guaranteed
bonds, see V. 82,
acquired Its entire supply of coal and coke from the plants of the Powhatan
1101.
STOCK.—$6,199,100 common and $1,000,000 preferred,p.all451,
Coal ft Coke Co.
See V. 75, p. 922; V. 79, p. 2061. 2092.
issued.
Connection Is
REPORT.—In 1908-09, gross, $1,820,959; net,
made at Buffalo with the Buffalo ft Susquehanna SS. Co.
$117,595; other Income.
$70,908; lnt. on bonds. £599,646; bal., def., $411,143.—(V
Receivership.—On May 2 1910 Harry I. Miller was appointed
90. p. 1169.)
receiver,
Interest on first 4 Hs being In default.
CANADA
MICHIGAN
ft
CHICAGO.—Bonds worthless.—(V. 63. p 838.)
Foreclosure pending. V. 90, p. 1238.
In July 1910 $750,000 receiver’s certfs
were authorized, present Issue
CANADA SOUTHERN RY.—(See Maps N. Y. Cent. A Bud. Rts.
RR.)—
$383,000, ranking ahead of 1st 4 Hs. V. 91, p. 153, 214.
ROAD.—Main line from Suspension Bridge station,
Including the Cantilever
Committee for First 4 Hs.—William Salomon,
Bridge,
to Windsor. Ont., 226 m.; branches to Courtright
G.
Chairman; Geo.
Henry,
25 Broad St.( Sec.; Bankers’ Trust
Ont.,
ftc.,
231
m.;
total. 457 m., ot which 85 miles are nominally
Co., depositary. V. 90, p. 1238.
owned by proprietary com¬
panies. Trackage. St. Thomas to London. Ont.. 15 m. Double
STOCK.—Authorized, $10,000,000; Issued, $10,000,000; par. $100.
track. 152 m.
Detroit River Tunnel, completed in 1910, see
BONDS.—The first 50-yr. gold 4 Ms (authorized Issue
Michigan Central RR.
$6,000,000, all
ORGANIZATION, ETC.—The company was chartered in Canada Feb.28
outstanding) are secured by a first lien on the terminal property at Buffalo 1868
and debt readjusted in 1878.
In 1903 made a new lease to Mich. Cent,
and the 86 miles of railroad In New York
State; also by deposit with the
for 999 years, the latter, which owns
trustee of all the $4,656,900 com. stock of the Buff,
$7,810,000 stock, guaranteeing divi¬
ft Susq. RR. Co.
dends thereon at 2
V.
%
yearly to Jan. 1 1910, thereafter 3%; also authorizing
74. p. 1040
See V. 76. p. 593; V. 79, p. 2695.
a mortgage to retire
existing
bonds
and
EARNINGS.—12 mos.,(1909-10.
pay for Improvements,
Gross, $2,212,436; net, $135,692
1191, 1247; V.77, p. 950; V. 84, p. 803. The $14,000,000 1st 5s V. 76, p.
July 1 to June 30.
11908-09
maturing
Gross, 2,298,977;
Jan. 1 1908 were extended 5 years
339,221
at 6% interest, payable In gold, by the
REPORT.—For year ending June 30 1908 In V. 88, p. 448 net,
(355 average
Mich. Cent. RR.
V. 85, p. 1401, 1645; V. 86, p. 1041.—(V. 86.
miles), showed gross revenue, $2,024,888; net over taxes, $167,370; other
p. 1041.)
inCANADIAN NORTHERN RAILWAY.-(Se« Map.)
oome, $443,329; Interest, rentals, &c., $1,205,625; bal.,
—Operates from
def., $594,926.
Port Arthur, Ontario, on Lake
to Winnipeg, and under construc¬
OFFICERS.—Pres., Chas. W. Goodyear; Sec. and Treas., F. A. Lehr. tion through
Superior,
Northwestern Canada to Pacific Coast.
Office, 962 EUloott Square. Buffalo. N. Y.—(V. 91, p. 153, 214.)
Miles.
Miles.
BUFFALO ft SUSQUEHANNA RR.—Company owns from
Port Arthur to
Saga¬
Winnipeg
439 Brandon to Regina..
220
more. Pa., to Wellsvllle. N Y., with several branch lines,
Winnipeg to K am sack
miles
279 Delta Jet. to Delta
including
17
15
trackage. Total mileage, 270.
From July 1 1907 the company was leased
Stanley Jet. to Gunfilnt
67 Neepawa Jet. to
to the Buff, ft Susq. Railway for rental of lnt. on bonds and
McCreary Jet.- 70
Emerson Jet. to So. Jet
dlvs. of 4% on
7$ K am sack to Edmonton
548
capital stock, but rental Is in default. On July 23 1910 H. I. Miller, who Carman Jet. to Belmont
119 Slfton Jet. to
In May 1910 was appointed receiver of the
21
Winnepegosls
Portage Jet. to International
railway, was also named as re¬
Thunderhlll Jet. to End of Steel.
ceiver of the raHroad oo. V. 85, p. 1266; V. 90,
20
Boundarya.
p. 1238.
63 Oakland to Totogan
17
Stock.—-Common stock, all except directors' shares, owned
Morris to Somerset—
62 Battleford to Battleford Jet....
by B ft S.
8
By , $4,656,900; par of shares $50. Pref.. $4,000,000 4% non cum.; par.
Hartney Jet. to Brandon
40 Edmonton to Morinville.
23
$50.
See application to list, V 78. p. 2389; V. 82. p. 568
Belmont to Vlrden
91 Edmonton to
Stoney Plains.... 21
Dividends.—On oom., 4% In 1895 and 5% yearly to 1907; In 1907,
Gilbert Pis. Jet. to Prince Albert.361
4%
Greenway to Adelpha
52
paid Q.-J. Under lease to B. ft S. Ry. dividends were paid at 4%
Rossburn Jet. to Russell
104 Oak Pt. Jet. to Oak Point
per an¬
60
num to Marsh 1916 on pref. and to Jan. 1910 on
Arizona Jet. to Morris and Bran¬
common.
Winnipeg
Transfer Line
11
Bonds.—The 5s of 1913 havt- been reduced, by the operation of the sinking
don Jet
77
Qu'App.LongL.ftSaak.(leased) 256
fund and by refunding Into 4s of 1951, to $61,500.
BrandonJct. to Car berry Jct_..
They
are subject to call
231
at par for sink. fd. In order of numbers.
Total June 30 1909 (Including about 710 miles
beginning with highest V. 65, p.134.
leased)
The 4s of 1951 are secured by a first refunding
3,140
In Mch. 1910 the company operated 3,180 miles
mtge. on the entire prop¬
and had constructed 371
erty, subject only to $61,500 first 5s above mentioned, and are
miles of branches and had over 500 miles
furiper
partly constructed. V. 89. p.
secured by deposits of purchase money mortgages
1279,1480; V. 90, p. 770. Trackage over Can. Pac.,
aggregating $3,000,000
Sudbury to Pt.Arthur.
on eoal lands estimated to be worth
As to proposed extension through British
$6,000,000; outstanding, $9,510,000.
Columbia, see separate state¬
V. 73. p. 619, 899; V. 84. p. 748.
ment “Canadian Northern Pacific
Ry.”
on next page.
Committee for First Refunding 4s.—A bondholders’
In May 1910 acquired Saskatchewan
protective committee
Midland Ry., V. 90, p. 976; V.
(Alvin W. Krech, Chairman; Lyman Rhoades. 15 Nassau
91,
336.
The Canadian Northern
St.,
Sec.;
Equit¬
Steamships, Ltd., was Incorporated in
able Trust Co., fto., depositaries) In June 1910
ct. 1909 to operate on the Atlantic
requested deposits. V. 90,
and ultimately also on the
Ocean
p. 1238, 1489; V. 91. p. 37.
Pacific.
V. 90. p. 697.
Preferred Stock Committee.—J. N. Wallace, Chairman; Hugh
ORGANIZATION.—The Manitoba lines of the Northern Pacific
See., 46 Cedar St., N. Y.; Central Trust Co., N. Y., depositary. Rankin,
Ry.,
351 miles, are sublet from the Provincial
In July
Gov’t for 999 years from
1910 a majority had been deposited. V. 90,
May 30
1901 at $210,000 annually for the first ten
p. 1361; V. 91, p. 214.
years, then $225,000 for ten years,
then $275,000 for ten years, and thereafter
BUFFALO ft SUSQUEHANNA COAL ft COKE CO.—This
company,
$300,000, with option of
the Btock and 1st mortgage bonds of which are owned
chase for $7,000,000.
Manitoba Gov't has option to purchase entire pur¬
by the B. ft S. RR.,
prop¬
owns coal
lands at DuBols, Troutvllle.
erty in 1929.
V. 72, p; 437; V. 73, p. 615.
Onondaga
and
Canadian
Sagamore,
Pa.
Northern Ry. System
Terminals Incorporated Sept. 1907 with
Twelve mines In operation.
V. 77. p. 1301; V. 79, p. 2091-92; V. 82, p
$2,000,000
stock.
V.
85,
p.
863.
The allied Canadian Northern Ontario and
1322; V. 85, p. 1266. Of the second mortgage bonds. $2,200,000 on
the
Dec. 11909 were outstanding in the hands of
railways will afford access to Toronto, Ottawa. Canadian Northern Quebec
the public.
Montreal. Quebec, ftc., and
the Canadian Northern Pacific to the
POWHATAN COAL ft COKE CO.—This
Pacific Coast.
company, all of whose bonds
In May 1907 the
and stoek are owned by the B. ft S.
RR., owns coal lands at Tyler and at ■ Ry. acquired control of Interests which control the Canadian Northern
Quebec ft Lake St. John Ry., Quebec to Roberval
4
.
8
Oot.
■ll
—
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first
Miles
Road
page]
Canadian Northern (Concluded)—
Ontario Dlv 1st M deb £36,900 are 4 Vis.—IGu. by
.
r
H $4,401 due monthly ..
K part due yearly
do
L $250,000 due yearly.,
do
part due yearly (V 85 p 599)
ser N A0$200,000 due yly.c*
do
do
ser P $100,000 due sem -an.
do
ser Q due $27,400 quar
do
ser R $170,000 yrly
c*
do
ser S $100,000
c*
c*
do
ser T $150,000
ser U $50,000 yearly
do
do ser V $300,000 y’ly (V 91,p 153).c*
Equip notes g ser I due $29,000 or $33,000 s-a.Gxc
Canadian Northern Ontario—Guar deb stock (see text)
do
do
Date
Bonds
287
Man.
310.000 p me ArJ Govt.
$8,000 per m»le_-Perpetual consol debenture stock (V 81 p 1609).—
First M deb stk $13,000 p m guar by Canadian Govt
1st M stock $13,000 p m guar by Dom of Canada._
First mtge deben stock guaranteed by Saskatchewan
do
do
guaranteed by Alberta
Winnipeg Terminals mtge gold guar by Manitoba.c*
Convertible Income-charge deb stock redeem text..
Qu'Ap Long Lake A Sask 1st M £1.050.000 guar ..
1st land grant M red 110 (money depos to redeem)
do
do
£1,027,400 red 105 to July *17
Imperial Rolling Stock 1st M ser A half due yearly,
do
do
ser B to F $210,000 due y’rly
do
ser G $45,000 due yearly...
do
Manitoba Branch Lines
First cons deb M (Man lines)
Manitoba Provincial bonds.
do
do
do
do
do
do
do
do
do
do
do
do
of Controlled Properties—
Brockvllle Westport & Northwestern 1st M gold _K
Central Ontario first mortgage £200,000
Marmora Ry & Mining first mortgage
Can Nor Pacific—1st M $21,000,000 gu by Br Col ...
Can Nor Quebec—Gt Nor cons M $7,962,000(text)_Ce
Perpetual guaranteed debenture stock (see text)
Par
Value
When
%
Payable
£1 180,600
$101 000
1904
£100
£2,497,800
$349,000
£6,792,750
1903
1908
1909
1909
1- —
Rate
£100
£100
•
Amount
Outstanding
1901
$500
1909
£1,923,287
See text
£600,000
£600,000
$3,000,000
$ A £
See text
249
___
ser
ser
ser
Perpetual consolidated debenture stock
■»
t
■
^
m
^
268
•
1906
1899
1907
1902
1903
1904
1904
1905
1906
1906
1907
1907
1908
1909
1909
1909
1910
1910
1908
1909
£1,037.972
$2 000,000
£100
£100 Ac
$4,805,347
$386,764
$1,000
$ or £
$ or £
500
500
500
$630,000
$180.000
$66,015
$575,000
$1,450,000
Ac
Ac
Ac
$343.000
$1,400,000
$1,-100,000
$301,400
$1,360,000
$900,000
$1,350,000
500 Ac
500 Ac
500 Ac
500 Ac
1903
1909
J A D 30
M 31-S30
J 20-J 20
A
D
J
A
J
D
A
J
J
4
3
3 X
4
4
4 g
TTp to
4
4 g
4
5 g
5
5
4H
4H
5
M
J
F
J
M
F
M
e A
g
4X g
4Y g
4H g
6
4H g
4M g
4Yi g
4 H
J
M
J
F
V. 90. p. 770, 1424, 1489.
The £1,923,287 3% 1st M.
phin to Grand View, guaranteed by Manitoba Government. V. 80, p. 116;
V. 78, p. 1274; V. 79, p. 2794; V. 81. p. 1607; V. 82, p. 568.
The 5% income-charge convertible debenture stock ($15,000,000 auth.
issue, limited to $10,000 p. in.), of which $5,000,000 has been Issued, and
an option given on $5,000,000 additional, is redeemable at any time after
May 5 1920 and is convertible on Jan. 1 1916 or any subsequent Jan. 1 or
July 1 until Jan. 1 1919, at the holder’s option, into full-paid common shares
at the rate of $500 (or £102 17s.) of deb. stock for $500 capital stock, on
60 days’ notice.
The Interest will be payable only to the extent that the
net earnings are sufficient after paying fixed charges and will be declared
April 10 and Oct. 10 out of earnings of the half-years ending June 30 and
Dec. 31.
The Issue will be secured by a general charge on the property
(other than land and money subsidies) ranking behind the 4% consol.debt,
■took and all securities now or hereafter created, having priority over the
4% consol, stock, and also behind all charges now or hereafter created for
securing any securities guar, by the Dominion or any of the Provinces of
V. 90, p. 1674; V. 91. p. 37.
Tn May 1910 the Canadian Govt, agreed to guarantee Canadian Northern
Alberta Ry. 3 hi % bonds for the construction of a line from Edmonton west
to the coal areas nea. the Brazeau River, Ac., 150 miles, at the rate of
$13,000 per mile for the first 50 miles and $25,000 for the remaining 100
Canada.
miles, Can. No. Ry. guaranteeing payment to Government.
V. 90, p. 1295.
The Saskatchewan Government late In 1909 agreed to guarantee bonds on
three new lines to be built in 1910, one from Regina to Moose Jaw,
from Regina to Edmonton and the third from Regina to Calgary, via the
present Goose Lake line.
V. 89. p. 1595, 1480
The Winnipeg Terminals 4s of 1909, of which $3,000,000 have been sold,
guaranteed, prln. and lnt., by endorsement by the Province of Mani¬
toba; additional bonds may be issued and guaranteed on authorization
of the Legislative Assembly of Manitoba for further expenditures.
The
Grand Trunk Paclflo will pay about $97,500 yearly for use of terminals
to be completed in 1910 (as against $120,000 annual interest on bonds
V. 89, p. 665, 1480.
Issued), and further rentals may be arranged.
In July 1908 the Dominion Government agreed to guarantee prln. and
lnt. of 3l4% 50-year bonds or debentures to be Issued at $13,000 per mile
on 609 miles of branches In Manitoba and Saskatchewan.
V. 88, p. 346,
821; V. *7. p. 1159; V. 91. p. 37, 93.
In June 1909 £600,000 4% first mtge. debenture stock, prln. and lnt.
guaranteed by the Government of the Province of Saskatchewan and
£600,000, prln. and lnt., guaranteed by the Government of the Province
of Alberta, were offered In London, secured by separate deeds of trust,
the amounts now Issued being at $13,000 per mile, with the right reserved
to Increase the amount to $15,000 and to Issue additional stock or bonds
secured by said deeds for additional lines.
V. 89, p. 40; V.88, p. 1497,1619.
are
LAND GRANT BONDS.—$2,000,000 first mtge. 4% land grant bonds
secured by 1,365,333 acres of land grant subsidies from Dominion of
Canada.
V. 85, p. 1205; V. 76, p. 1083; V. 75. p. 183, 549; V. 81, p, 263.
are
£1,027,400 First Mtge. 4% Land Grant Debenture
Bonds.—These bonds
of land (specially set astde as per schedule
Provinces of Manitoba ana Saskatchewan, of which 239,000
are secured on 1,250,000 acres
a mtge.) In the
Can Bank of Comm, Lon
Nat Tr Co, Tor. or Lond.
1 1919
London,
July 1 1938
Eng.
C Bk of Com N Y; or Tor
do
or London. Eng
do
Toronto or Lon
Sept 1 1911 14
do
do
1910-1912
Oct 1 1911 15 N Y, London or Toronto
do
do
June 1 1911 16
do
do
Nov 1 1911 16
do
do
June 1 1911 ’17
do
do
Feb *11-Aug ’17
Can Bank of Comm, N Y
May 1912
N Y, London and Tor’to
Mch 1 1911-18
do
do
Mch 1 1911-19
do
do
Sep 1 1911-’19
do
do
Nov 1 ’11-’19
do
do
Nov 1 ’ll-’20
To Aug 1 1915
Can Bk of Commerce,Lon
1936 and 1938
Nov 11911 12
Aug 1 1911-’13
D Dec 1 1923
1934
J
Knickerbocker TrCo.N Y
Bank of Montreal,Lond
$3,678,750
4
4
£1 038 8.V1
4
cfiml-An
30 years
A
A
O Oct 1 1934
J A n 31 P^rpetU*!
Can Bk of Com,NY;ATor
N Y Toronto A London
4 Yi
5 g
acres
A
A
P^rpfltiiAl
have, since sales of the land
commenced In 1907, been sold, proceeds
to the trustees; £40,000 retired, as provided In
1477; V. 88, p. 1126.
EARNINGS.—12 mos.,( 1909-10._.Gross, $12,821,300; net, $3,626,900
July 1 to June 30.
\ 1908-09...Gross,
9,668,900; net, 2,795,400
June 30 1909 in V. 89, p. 1480, shows;
REPORT.—Report for year
1906-07.
1907-08.
1905-06.
1908-09.
2,064
2,509
2,866
Average miles
3,013
Gross earnings
$10,581,768 $9,709,462 $8,350,198 $5,903,755
3,674,732
5,424,164
6,676,775
Oper. expenses & taxes.
7,015,406
of which have been paid over
trust deed.
V. 87, p. 479,
$3,032,687
$658,743
$2,926,034
$624,726
280,800
577,539
181,467
280,800
446,054
$2,229,023
$591,058
167,836
315,360
480,727
223,960
431,248
223.960
306.949
223,960
211,234
$646,745
$678,930
$1,043,545
$719,574
Net earnings
$3,566,362
lnt. bonds gu. by Manlt.
$695,641
lnt.bds.gu.by D.of Can.
lnt. perp. cons.deb.stk.
lnt. Qu’Ap. L. L. A S__
lnt. on 4% land gr. bds.
Rentals leased lines, Ac_
lnt. on equip, leases
Surplus for year
Officers:
280,800
938,399
203,983
96,107
223,960
Pres., William Mackenzie; V.-P., D. D.
Hanna; Sec., W. H. Moore; all of Toronto, Ont.
kenzie. D. D. Mann. Z. A. Lash,
and R. M. Horne-Payne, London,
debenture stock, guaranteed by Dominion
Gladstone to Winnlpegosls, guaranteed as to prln. and lnt. by the Manitoba
Government; (d) £1 700 Gilbert Plains 4% bonds, a lien on 27 miles. Dau¬
O
D
N
D
A
J
A Feb
do
London, Toronto ANY
J
J
£100
Government, dated July 29 1903 (trustees, British Empire Trust Co., Ltd.,
London, England, and National Trust Co., Ltd., Toronto) is a first charge
•o line from Grand View to Edmonton. 620 miles, at $1 ,000 per mile,
such first charge to be, however, limited to $10,000 per mile in respect of the
Additionally
line from Grand View to the western boundary of Manitoba.
secured by first lien on the extension of the Prince Albert branch to Prince
Albert from a point 100 miles east; by second lien on the portion of the
Prince Albert branch running from Erwood to a point 100 miles from Prince
Albert, and by charge on other lines then constructed—an aggregate of
•18 miles.
V. 80, p. 1234; V. 76. p. 1299.
The £2,436,200 4% first mtge. consolidated debenture bonds, prln. and
lnt. guaranteed by Govt, of Manitoba, dated June 30 1904. are secured
by first mtge. to National Trust Co., Ltd., Toronto, Ontario (not exceeding
$10,000 per mile), covering certain lines in the Province of Manitoba
amounting to about 1,185 miles, a proportion of the amount of this issue
being held in trust by the National Trust Co., Ltd., for the exchange of the
following issues yet outstanding:
(a) £105,300 Manitoba & Southeastern
4% first lien on 108 miles, assumed; (ft) £233,700 Canadian Northern
Ry., Sifton branch, 4% bonds secured on 197 miles Slfton Junction to
Erwood, guaranteed, principal and Interest, by Manitoba Government;
(c) £10.000 Lake Manitoba Ry. & Canal Co. 4% bonds first lien on 125 miles,
A
A
A
A
A
London
do
July 1 1939
May 6 1930
July 1 1936
4 g
5
1,000
STOCK AND BONDS.—Stock authorized, $65,000,000; outstanding
June 30 1909, $55,000,000; par, $100.
None yet put on the market.
In 1903-10 £6,792,750 4% perpetual consolidated debenture stock was
Issued upon mileage, and to purchase securities of various controlled prop¬
erties deposited with the National Trust Co.
V. 76, p. 1247; V. 77, d. 87;
V. 80. p. 996; V. 81. p. 1609; V. 86. p. 1099; V. 87, p. 36; V. 89, p. 1279;
J
N
A
S
do
London, Eng
1958
1939
1939
450,000
£200,000
100,000
(?)
294.000
tending from Virginia, Minn., north to International Falls, 98 m., was
acquired by the same Interests as control the Canadian Northern Ry., and
will be extended to Duluth, 75 miles. In connection with the acquisition
of the above company, there has been organized the Duluth Winnipeg &
Pacific Ry., which controls the Duluth Rainy Lake & Winnipeg and will con¬
struct the extension from Virginia, Minn., to Duluth, about 75 m., and
build branches and spurs, Ac., for industrial and mining purposes: also docks
at Duluth, where valuable sites for terminals have already been secured.
V. 87, p. 1604; V. 88, p. 563, 821.
The Canadian Northern will guaran¬
tee, prln. A lnt., the $10,500,000 1st mtge. 4s, of which $6,123,333 has been
Issued.
See said company.
V. 89, p. 1279; V. 90, p. 1424
The Qu’Appelle Long Lake A Saskatchewan RR. & S. B. Co. 4% deben¬
ture stock has prln. and lnt. guaranteed by the Canadian Northern Ry. Co.
The property Is leased.
V. 83, p. 214, 324, 688, 1036.
A
A
A
A
A
A
Irredeemable
July 10 1953
4
1,000
Lake St. John, 190 m., with branches Chambord to Chicoutimi, 51 m.,
and from La Tuaue Jet. to La Tuque, 40 m.: Gosford branch, 5 H m.; total.
286 H m.
V. 90, p. 54. Ill, 237, 448, 668, 1045; V. 91, p. 337, 519, 791.
In Dec. 1908 the stock of the Duluth Rainy Lake & Winnipeg Ry.. ex¬
A N 2
London. Toronto ANY
Bk of Comm, Tor
London, Eng
Can
1 1930
Oct
4
3H
3,000,000
an
London and Toronto
A4H g J A D so June 30 1930
.T A n 30 June 30 1930
4
4
J A D 30 June 30 1930
£1,337,035
£800,000
$450,000
Ac
1909
1904
Places Where Interest and
Dividends are Payable
Last Dividend
and Maturity
A
M
S
A
S
M
A
M
s
M
A
N
M
A
N
A
A
F
Various
A a n 2
«
500
4
Bonds
21
HALLWAY STOCKS AND BONDS
1910.]
Mann; 3d V.-P., D. B.
‘Directors; William Mac¬
Frederic Nlcholls. all of Toronto. Ont.,
England.—(V. 91, p. 153, 716, 1095.)
CANADIAN NORTHERN ONTARIO RY.—(See Map Canadian
Northern
Ry.)—Owns Toronto to Sudbury, 268 miles, with extensions to Sellwood
(Moose Mountain iron mines), 33 miles; branches, 9 miles; total, 310 miles.
From Sellwood the main line is now being extended towards Port Arthur,
where a connection will be made with the Can. North. Ry.
Forty miles of
this extension was completed last fall. A branch line from a point north of
Sellwood into the Gowganda Silver District, 30.7 miles, was opened Jan. 3
1910.
The extension from Hawkesbury to Ottawa City was opened in
Nov. 1909, and in connection with the Can. Nor. Quebec Ry. a through train
Owns
service was established between Ottawa, Quebec and Montreal.
modern ore-handling plant at Key Harbor, 80 m.from Moose Mt. Iron mines.
In Aug. 1910 acquired practically all the stock of the Ontario A Ottawa
Ry.,which had acquired the Brockvllle Westport & Northwestern,
Brock¬
Grand
vllle to Westport, Ont., 45 miles; Irondale, Bancroft & Ottawa Ry.,
Trunk June, to Bancroft, Ont., 48 m.: Central Ontario Ry., Plcton
Maynooth, Ont., 132 m., and branch to Coe Hill Iron mine, 8 m.
to
(y. 88,
Junction with Central Ontario
V. 91, p. 276, 462,
ORGANIZATION.—Controlled by same nterests as the Can. North.
Capital stock (shares $100), authorized. $1,000,000; issued June 30 1908.
250,000.
Debenture stock, 3 4%, due July 10 1936 and June 30 1938, in
terest Mch. 31 and Sept. 30 and Dec. 31 and June 30.
Authorized at $20,000
per mile. P. & i. guar, by Prov. of Ont. V. 87, p. 96; V. 88, p. 1060.
In June 1909 £800,000 4% perpetual consolidated debenture stock was
Secured by first mortgage on a line of railway
offered in London at 92.
already constructed Lorn Hawkesbury to Ottawa with additional charges
230); and Marmora Ry. & Mining Co.,
Ry. to Iron mines, 10 m.; total, 243 miles.
p.
on
other lines as further
security.
V. 89, p
40, 162.
DIRECTORS.—William Mackenzie, D. D. Mann, Frederic Nlcholls,
W. H. Moore, L. W. Mitchell, Z. A. Lash, all of Toronto, Ont.: and R. M.
Pres., William Mackenzie; V.-P., D. D.
Horne-Payne, London, Eng.
3d V.-P., D. B. Hanna; Sec., W. H. Moore, all of Toronto, Ont.
Office, Toronto, Ont.—(V. 89, p. 40, 162; V. 90, p. 770; V. 91, p. 462.)
CANADIAN NORTHERN PACIFIC RY.— [See Man Canadian Northern
Ry.)—To construct a line across the Rockies from YellowheadPass to Van¬
couver and Pacific tidewater, about 600 m., to be completed within 4 years.
Controlled by same Interests as Can. Nor. Ry.
Stock auth., $25,000,000,
of which $10,000,000 may be pref.; par $100.
Bonds will be issued at
$35,000 p. m. (limited to $21,000,000, unless the road Is extended into city
of Kamloops), guaranteed by British Columbian Govt., the Canadian North¬
ern Ry. to Indemnify the Govt, against any loss it may incur by the guar¬
anty.
Mtge. trustees, National Trust Co. of Toronto and British Empire
V. 91, p. 37, 93; V. 90, p. 696; V. 89, p. 1141.—(V. 91, p. 93.)
Tr. Co.
Mann:
CANADIAN NORTHERN QUEBEC RY.-<See Map Canadian Nor. Ry.)
Owns main line Hawkesbury to Riviere a Pierre, 169 miles; Montreal to
Joliette, 36.20 m.rMontford to Huberdeau, 33 m.; St. Jerome to St. Sauv-
15.1 m.; St. Jacques Jet. to Rawdon Jet., 11.2 m.; Shawinigan Jet. to
Shawlnlgan, 4.50 m.; St. Jerome Jet. to St. Jerome, 1.70 m.; Garneau to
Quebec, 84.19 m.; total, 354.87 miles.
Owns elevator, car shops, Ac., at Quebec. Formed in 1906 by theamalgamation of the Great Northern Ry. of Canada, Ac.
Controlled by the same
interests as the Canadian Northern Ry.
Capital stock, $12,500,000, of which $3,000,000 Is Issued as statutory
stock with a certain preference as to dividend.
SECURITIES.—On Oct. 22 1906 an issue of 4% perpetual debenture
eur,
t
Ry.
authorized to
stock guaranteed by the Canadian Northern
was
an
amount sufficient to take up the bonds of constituent companies, to meet
cost of lines now under construction, provide for construction or acquisition
of additional lines at not exceeding £4.109 ($20,000) per mile of such lines,
and with the consent of the trustees for the stockholders to provide for the
purchase of the stocks and securities to an amount
not exceeding the cost
thereof.
In Oct. 1906 £1,000,000 of this stock was issued to take up the
entire bond issues of the Chateaugay A Northern Ry. and the Quebec New
Brunswick A Nova Scotia Ry. and $1,514,500 bonds of the Great Northern
Railway Co. of Canada, and since that date
£38,555 of stock to take
additional amount of Great Northern Ry. Co. of Canada 4% bonds.
Interest payable June 30 and Dec. 31.
Total amount outstanding, £1,038,855; secured by specific first mortgage upon any securities acquired as
above and deposited with the trustees and by first general lien upon entire
property of company (other than land and money subsidies), subject only
to the bond issues of the amalgamated companies, which bonds will be
retired as soon as every bond of each series has been exchanged tor stock
of this Issue
V. 83, p 988- V 84. p 693, 748.
up an
22
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first pane]
Miles
Road
Date
Bonds
Canadian Pacific—Stock $200,000,000 authorized...
Preferred stock limited to 4% non-cumulatlve—
Canada Central RR second
(now first)
MFirst mortgage debentures mortgage
sterling
1st Mort on Algoma Br g
c* A
Consol perpetual debenture stock
Securities of Principal Leased, Ac., Lines.
Manitoba S W Col Ry $12,000 per mile lnt guar gold
Atlantic & Northwest—1st mortgage gold gu..c* ‘
St Lawrence & Ottawa—first mortgage gold see te
Ontario & Quebec stock guaranteed In
perpetuity
Ontario & Quebec deben Interest guar In perpetuity
Toronto Grey A Bruce 1st M gold Interest as rental
New Brunswick Ry 1st M gold lnt from rental.
.c*
Perpetual consol debenture stock. Interest guar
New Brunswick Southern first mortgage..
Calgary A Edmonton deb stock gold interest as rent
Branch line bonds $1,040,000 (owned by CanPac)
Lindsay Bobcayg A Pontypool 1st M $700,000 gold
ISIAroos Val El RR 1st M $300,000 g red 105 lnt guar..
_
-
269
3 221
183
...
218
350
58
1884
1887
1876
-
-
-
•
-
G.c
e..
—
«
-
46
29
-
-
-
1884
1890
1905
1903
1909
tantlc
era
1891
1898
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1898
1885
1885
1,000
1,000
100 Ac
1892
312
1.493
138
1895
1895
1895
1,000
1.000
rallwaj
1910.
STOCK.—The Issue of preferred must never exceed
one-jialf the common.
Stockholders voted Oct. 7 1908 to Increase auth. com.
stock from $150,000,000 to $200,000,000, $30,000,000 new stock
subscribed for by
being
com. stockholders at 125, payable In 5
equal installments between Jan. and
Sept. 1910. New stock will be entitled to dlvs. for half-year ending
Dec.31
1910.
V. 87, p. 613, 936, 1008; V. 89,
p. 917, 1068; V. 90, p. 1044, 1674.
'9ft
0
96. ’97. ’98. 99. ’00. *01. *02 '03. ’04
toAp.’lO Oct ’10
2H 2H 4M
4
5}* 5
ft
6 yearly
3}*
In 1894.
4% yearly (2% A&o>
•Also i % extr* was paid In 1907 from Interest on
land sales, vis., V* %
April 1 and Vi% Sept. 30; In 1908 to Oct. 1910, 1% (A. A O.).
Dividends
are to be paid quarterly
beginning Jan. 1911.
BONDS. DEBENTURE STOCK. GUARANTEED
List of securities held against consolidated debenture stock BONDS. ETC.—
In V. 91, p. 728.
In July 1910 $136,711,616 debenture stock was
outstanding, £1,598,935
betng sold In 1910.
Stockholders on Oct. 3 1910 authorized the Issue of consolidated
deben¬
ture stock at not over £6,000 per mile on 513 miles and
£4,000 per mile on
40 miles, to construct various branches
553 m.; also acquisition
aggregating
and lease of certain lines.
V. 91, p. 728, 1093, 1095.
In June 1890 company agreed to guarantee the
and Interest of
$20,oon.ooo 4 % bonds to be Issued by the Dul. So.principal
Sb & Atl., also 4 % lnt.
on consolidated bonds of the Minn. St. P. A
S. Ste. M., and In 1899 Interest
on the second mtge
4s of the latter, and In 1901 Interest on $1,254,000
Mineral Range 4% bonds, the last named
being all owned June 30 1910.
Owns Dul. S. S. A Atl. consols. $15,107,000
St Lawrence A Ottawa bonds are
endorsed with the Canadian Pacific’s
acceptance of a 999 years’ lease at a rental sufficient to pay 4 % Interest on
bond"
md the bondholders’ agreement to
accept interest
4 % 'Instead of
6%) and to refrain from demanding
principal (due 1910) during lease.
V. 90, p. 1361.
Th. A eu Brunswick
Railway consolidated debenture stock has Interest
guaranteed by Canadian Pacific; Interest on the 1st
mtge bonds, though
not guaranteed Is paid out of rental under 990
year
The Calgary A Edmonton Ry. debenture stock Is lease of 1890.
guaranteed Interest at
4 % under new lease of 1903.
V. 76, p. 435; V. 77, p. 636
Th* Lindsay Bobcaygeon A
Pontypool Ry. bonds are issued under a
99-y< *r lease covering the Interest.
V. 77, p. 1225 V 79 p 2085
The Interest on the Aroostook Valley (Electric) RR.
4 H% bonds,
which In Sept. 1909 almost completed a first unit of 1420-year
miles from Presque
Isle to Washburn, Me., Is to be guaranteed. V.
89, p. 846; V. 90. p. 107.
Car trii"*> ouonandlng June 30 1910, $1,360,000
j Issued
LANDS.—Lands unsold June 30 1910 were 7,335,248 acres of Canadian
Pacific grant and 101,833 acres of Manitoba South
Western grant, 102,641
Great North-West Central grant, 3,158,146 British
Columbia Southern,
52,635 acres of Columbia and Kootenay grant and
acres of
Columbia A Western grant; total, 12,013,816 acres. 1,263,313
The Columbia A
Western Ry. claims a further area, which Is In
dispute.
Total sales In
1909-10, 975,030 acres, for $14,468,564.
GENERAL FINANCES.—In 1906 stockholders subscribed for
$20,280,000 new com stock at par. In Feb. 1908 for
$24,336,0 0 at par and In Nov.
1909 for $30,000,000 at 125, V. 74.
p. 378; V. 82, p. 333. 691. In 1907-08
£1,000,000 pref. stock was sold, In 1908-09
£800,000, and In 1909-10,
£600,000.
V. 84, p. 338.
In Sept. 1907 £1,250.000 4% debenture
stock was sold and In Feb. 1908
£2,000,000, in 1908-09 £2,727,340 and In 1909-10 £1,598,935.
V. 85,
p. 599; V. 86, p. 545.
In July 1906 the last of the
$15,000,000 land grant bonds was paid off,
leaving the land grant unencumbered; on June 30 1910 the
balance due on
account of land
sales was over
$27,942,113, on which 6% lnt. Is received.
This Interest will be used to
pay extra dividends on the common
stock; 1%
extra per annum was paid In 1907
and to Oct. 1910.
V. 83, p. 817.
In Oct. 1910 the dividend rate was
raised from 7 to 8%, Including pro¬
ceeds of land sales.
V. 91, p. 396, 945.
4 ff
4*
i
5
5
6
5
g
g
g
g
4 g
5 g
4 g
5
4 g
5
6
See text
7.000.000
18.500,000
1.000
2,908 Under construction July 1 1910 471
3.122 Operated account of owners
262
4.147
Also controlled but oper. sep.—
94 aMlnn. St. P. & Sault Ste. M--3.616
aDuluth South Shore A Atlantic 606
Total In traffic returns
10 271
aSee each eompany’s statement.
Branches aggregating 190 miles were opened Jan. 1910.
In Jan. 1909
purchase of control of Wisconsin Central by Minn St. Paul A Sault Ste.
Marie was concluded.
V. 88, p. 157.
In Aug. 1910 purchase had been arranged of
all the stock of
Dominion Atlantic Ry., Yarmouth to Truro, practically
with branches, total 24.7
miles, with 45 miles trackage to Halifax, possession to be taken In 6
to 8
months.
V. 91, p. 728; V, 90, p. 1490, 1424.
HISTORY
TC. — Incorporated Feb. 18 1881 under charter from
Do
minion of Canada, receiving $25,000,000 In cash as a
subsidy; also 25,000.
000 acres of land, all to be fit for settlement.
Operates trans Atlantic and
Pacific steamship lines: also steamers to Alaska.
I
2.210.000
950,000
1.100,000
300,000
-
Montreal to Vancouver
Branches and auxiliaries
Leased lines
Used lolntly
Dl VS.
•Con
%
Pref %
10,000.000
5,000,000
50
trans continental
as follows July 1
a
Payable
£1,121,700
DIRECTORS.—D. B. Hanna, Z. A. Lash, Frederic Nlcholls, W. H.
Moore and F. C. Annesley, all of Toronto. Ont.; H. H.
Melville, Boston,
Mass.: V. Chateauvert, Hon. Jules Tessier.
Senator, both of Quebec, P. Q.
Thomas McDougall. the Mayor of Quebec; A. J.
Mitchell,
Toronto, Ont.
and R. M. Horne-Payne, London,
Eng. Pres., D. B. Hanna; V.-P.,
H. H. Melville; 2d V.-P., Frederic
Nlcholls; Sec., W. H. Moore., all of
Toronto. Ont.—(V. 84, p. 693, 748.J
CANADIAN PACIFIC RY.—ROAD.—Owns
Montreal to the Pacific Ocean, made
up
When
%
1,000 $1,040,000
1,000
500.000
4 g
500 &c
300,000
4H g
—See sta tementa of those ou
In addition to the 4% perpetual debenture stock
outstanding there has
also been Issued $3,678,750 4% bonds of the Great Northern
Ry. of Canada
teuar. as to prln. and lnt. by Canadian Northern
Ry.), of which the Central
Trust Co. or New York holds $6,500 bonds for
exchange for the unex¬
changed balance of Great Northern Ry. of Canada first issue of 5% bonds.
from
Rate
Last Dividend
and Maturity
Places Where Interest ana
Dividends are Payable
$100 189,005,00) See text
Q—J
Oct 1 1910 4% Lond & 31 Pine St N f
100 $55 616,666
4
A
A
O Oct 1 1910 2% Company’s Office
Lond
£100
$973,333
6
Various Nov 1 1910
Montreal
£100 Ac 34.998 633
0 g
J
A
J July 1 1915
Baring Bros A Co, Lond
£100 Ac
3,650.000
5 g
J
A
J July 1 1937
Baring Bros & Co.London
£1 Ac 136.711,616
4
J
A
J Irredeemable
Company's office. Lond.
1,000 $2,544,000
5 g
J
A D June 1 1934
London A 31 Pine St N Y
£100 Ac £1,330.000
5 g
J
A
J Jan 1 1937
Baring Bros A Co, Lond
£50 Ac
£200.000
(6) 4
J A D 15 See text
Can Pac office. London
$100 $2,000,000
6
J
A D June 1910 3
Montreal
and London
£1
£4,007,381
5
J
A D Irredeemable
Morton, Rose, London
£100
£719,000
4 g
J
A
J July 26 2882
Toronto and London
£100
£630,000
5 g
F
A A Aug 1 1934
London
£1
£904,533
4
J
A
J Irredeemable
do
do
4
500,000
1908
1909
1908
1910
-
eo
Amount
Outstanding
135.000
8,200,000
2 215.000
39.000
238,000
34
30
589.110
Ro ck Isla nd & Pac Iflc Ry
98
103
16
First Income bonds
Mobile Dlv 1st M (Columbus to Andalusia)
-
-
1890
Caro Clinchf & Ohio—1st M $15,000,000 red 110.F.c*
Mortgage gold notes $5,000,000 redeem par.Eq.xc*
Equipment gold notes ser “A” due $130,000 s a.Ba
do
Ser "B” due $50,000 s-a
do
Un
Carthage & Adir—1st M $1,600,000 gold gu.Un.c’Ai
Cartilage Water & Sack Har—1st M g gu p A I end
Catasauqua & Fogelsville—First mtge gold-.PeP.c*
Catawissa— Pref stocks 5% guar P A R Ry (see text)
First consol mortgage $2,215,000 gold —PeP.c*
Cat skill Mt’n— 1st M ($2,000 not ext from 1905)...
& W
Chloa
-
.
84
52
40
14
Minn St P A Sault Ste Marie and Duluth South Shor ed> At
Carolina Central - Bonds—See Seaboard Air Line Ry
Central Arkansas & Eastern—See St Louis Southwest
Central Branch—See Missouri Pacific
Central of Georgia Ry—1st M $7,000,000 gold-G.c’dcr
Consolidated mortgage $18,500,000 gold.. Me.c'&r
•
1883
.
—
Cayuga & Susquehanna—Stock 9% rental D L
Cedar Rapids Iowa Falls & Northwestern—See
-
-
1880
1885
1888
1889
671
191
174
_.
-
Par
Value
| VOL. LXXX\I
non ooo
5 g
5 g
5 g
1 S
Ar
J
J
F
A
A
A
j
J
J
A
2002
1955
July 1 2002
Aug 1 1929
mpanles
,T
J
J
J
J
J
J
M
A
F
A
A
A
A
A
A
A
A
A
A
J
A
F
M
A
A
A
D
J
D
,T
D
J
J
N
O
A
Can Pac Office, London
Can Pac Office, Montreal
Bk of Montreal, Toronto
N Y and Augusta. Me
Junel 1938
Blair A Co, New York
do
do
Dec *10-Dec’ 18
do
do
July ’10-Jan ’20
do
do
Dec 1 1981
Grand Cent Station, N Y
do
July 1 1931
do
July 1 1928
Reading Terminal Phlla
May 19 1910 2}* Company's Office. Phlla
Apr 1 1948
do
do
Tan Nat Bk CatsklU N Y
Aug 1 1915
Aug 1 1915
2.91042% paid in Sept'07
J July 1910 4K $0 Pine Street New York
July 1 1919
A Nov 1 1945
N Nov 1 1945
J Jan 1 1946
EARNINGS.—2 mos.,11910
July 1 to Aug. 31.
\1909
ANNUAL REPORT.—Fiscal
Guaranty Trust Co N Y
do
do
do
do
.Gross, $18,124,545; net, $7,176,291
Gross, 14,567,015; net, 5,443,929
year ends June 30.
Annual meeting 1
held at Montreal on the first
Wednesday In October. The
for 1909-1 fi¬
length was In V. 91, p. 716, 727. Annual meeting, V.report
91, p. 10)3. See
also editorial, p. 761.
1909-10.
1908-09.
1907-08.
Miles operated end of year
10,271
9,878
9,420
at
Passenger earnings..
Freight
Mail, express and miscellaneous
$24,812,021 $20,153,001 $19,900,432
60,158,887 48,182,520 44,037,598
10,018,582
7,977,800
7,446,143
Total earnings
earnings.
Interest received
$94,989,490 $76,313,321 $71,384,174
$33,839,956 $22,955,573 $21,792,366
3,335,713
2,306,488
2,654,633
Net
Deduct—
Fixed charges.
For steamships, &c_
Dividends on common stock •
Dividends on preferred stock
$37,175,669 $25,262,061 $24,446,999
$9,916,941
$9,427,033 $8,770,077
980,000.
880,000
880,000
(6 H)10,167,179 (6)9,000,000 (6)7,300,800
(4)2,214,933 (4)2,107,867 (4)1.916.407
Balance,
surplus
•
$13,896,616
$3,847,161
$5,579,715
Also 1% extra yearly from interest on land sales, viz.:
H% April 1
}i% Oct. 1.—(V.91, p. 396, 517, 711. 716, 727. 945, 1093, 1095.)
CANE BELT RR.—See Atchison Topeka A Santa Fe.
and
CAROLINA CLINCHFIELD & OHIO RY.—(.See
Map.)—In operation
from Dante, Va., to Spartanburg S. C., 245 m.
The Dumps Creek Line,.
St. Paul, Va., to Hurricane, Va., 12 m., was
opened May 1910. Connects at
Bostic, N. C., with Seaboard Air Line Ry., with which close relations aremaintained. by which tidewater is reached.
V. 88. p. 944; V. 87. p. 670.
Controlled by the Cumberland Corp., which owns the
CUnchfleld Coal Corn.,
whose 285,000 acres of coal lands the road will
develop. V. 86, p. 669;
V. 83, p. 154.
See Cumb. Corp.
Financed by leading N. Y. bankers.
Name changed In March 1»08 from South A Western
RR., stock being
increased to $30,000,000. of which $15,000,000 Is 6%
preferred ana
$15,000,000 common.
In Feb. 1910 arranged with Southern
Ry. to send
coal to Charleston, S. C., where
company will have a terminal to handle
coal for export.
V. 90, p. 558.
BONDS.—The first mtge. has been authorized to secure
$15,000,000 30year 5% bonds dated June 1 1908, of which $3,000,000 were
used to retire
the old bonds (3 Issues) to the same amount
deposited as collateral for the
Cumberland Corporation 1-year notes of 1908; In Aug. 1908
$7,000,000
additional bonds were sold, making $10,000,000
outstanding. The mtge.
Is secured on the road from Dante.
Va., to Spartanburg, S. C., 245 miles.
V. 86, p. 667, 856; V. 88, p. 944.
In Feb. 1909 $2,600,000
notes, Series “A,” and In Jan. 1910 $1,000,000 Series "B” equipment
were sold.
V. 88, p. 451:
In July 1909 $5,000,000 10-year 5%
mortgage gold notes following in
lien the $10,000,000 first 5s of 1908 were sold.
They are subject to call as
a whole or may be drawn in part by lot.
V. 89, p. 285.
Mark W. Potter. Chairman of Board, 24 Broad
St.. N. Y.—(V. 90, p.556
CAROLINA & NORTHWESTERN RY.—See page 165.
CARTHAGE & ADIRONDACK RY.—See page 165
CARTHAGE WATERTOWN & SACKETT’S HARB. RR.—See page 165
CATASAUQUA & FOGELSVILLE RR —See page 165
CATAWISSA RR.—Owns from Taraanend. Pa., to
Newberry Jet Pa..
102.89 miles; second track, 38.69 miles;
total, 216.01 miles. Re-leased
Deo. 1 1896 for 999 years to Philadelphia A
Reading
Railway. Rental,
Interest on bonds, 5% dividends
.
on preferred stock, all taxes and
$8,000>
for organization expenses.
See also V. 63, p. 969, 1116. Of the preferred
stocks, in 1909 $2,200,000 was first preferred and $1,000,000 second
pre¬
ferred. and common was $1,159,500; par, $50.—(V. 72, p.
1187.)
CATSKILL MOUNTAIN RY.—See page 165.
CAYUGA & SUSQUEHANNA RR.—See page 165.
CENTRAL OF GEORGIA RY.—[See Map.)—System Includes:
Lines owned in fee—
Miles
Savannah to Atlanta
295
Gordon to Porterdale
86
Columbus to Birmingham. Ala. 156
Columbus to Americus62
Montgomery to Eufaula, Ala..
80
Columbus to Greenville, Ga
49
Opelika to Roanoke
36
Eufaula to Ozark.
60
Grlffln, Ga.,to Chat.,Tenn.. Ac. 198
Chlckamauga to Durham
18
Savannah to Tybee
18
Columbus to Andalusia
138
Macon Junction to Athens
102
Brew ton to Dover
77
Barnesvllle to Thom as ton
16
„
—
—
Lines leased—(see these cos.) Miles.
Southwestern RR.—
Macon to Eufaula
Fort Valley to Perry
Fort Valley to Columbus
Smithvllle to Columbia
Cuthbert to Fort Gaines
Augusta A Savannah RR.—
Mlllen to Augusta.
Chattahoochee A Gulf RR.—
Columbia to Lockhart
—
Trackage
Total oper.
Also
144
12
71
85
21
53
91
3
July 1910
1,916
Meldrlm to Lyons, 58 miles
Lyerly Branch..
9
(leased to Geo. A Ala. Ry.—
Upper Cahaba Branch—
12
Seaboard Air Line system).
Greenville to Raymond
24 Ocean Steamship Co., estimated
equivalent of
30C
Total owned (and oper.)
1,436
ORGANIZATION.—Succeeded Nov. 1 1895the Central RR. A
Banking
Co. of Georgia, foreclosed.
V. 60,
p. 1008; V. 61, p. 68. Controls Wrightsville A Tennille and Wadley Southern
Ry., all of the bonds of the latter
being owned and deposited to secure short-term notes due March 1 1912.
V. 85, p. 605.
In June 1909 the $5,000,000 stock was
acquired by the Illinois Central,
but the road Is operated
independently. V. 88, p. 1559; V. 84, p. 1550;
V. 85. p. 1082 1268; V. 86. p. 667.
.
BASORTANILDCWKSY
19 0.]
Oct.,
24
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
Miles
Date
[For abbreviations, Ac., see notes on
first page]
Road Bonds
Cent of Ga Ry —(Con)—
Macon A North DIv 1st M
$840,000 gold—MBa.c*
102 1895
Oonn Dlv 1st M Rr#»wton to Dover
S6.000 p m._S.c*
77
1901
Eaton ton Br
1st M not jug
21
Mid Ga A Atl Dlv 1st (consol) M
$9,000 p m—G.c*
65
Chattanooga Dlv purch money M $2,400,000 g-S.c*
164
Chattanooga Rome A So 1st M $500,000 g- Un.o*
138
Upper Cahaba mortgage gold red 102 a
N
12
Greenv & New 1st Mg red 102
H
24
N
1st pref Incomes)Interest
up to 5%
Mp
2d
do
do
) gold If earned
Ce
3d
do
do
j non-cumulatlve
Ma
Central RR A Bk coll tr bonds gold red at
HO.Ce.c*
Locomotive and car trusts payable $33,000 s-a
c
Equipment trust series H $51,000 s-a (V 82 p 217).
Equip trust series 1 $115,000 s-a (V 83 p 751)---GP
do
do series K $38,000
semi-annually
Notes secured by Wadley Southern
bds
Guaranteed, Ac., Securities
Ooean SS Co drat mortgage gold guaranteed.-Ce.c*
Steamship bonds g ass’d by O SS Co $69,000 due s-a
Augusta A Savannah stock (no bonded debt)....
53
Southwestern Railroad stock (no bonded debt)
333
Chattahoochee & Gulf stock
First M gold $2,000,000 lnt rental s f red at 102
“91
H
Cent Indiana—1st M $4,000,000 gu p A 1 end-Ce.c* Ar
117
Central New Eng—First M $1,250,000 call 105 FP.c*
58
General mortgage 5% Incomes $7,250,000
58
FP.r
Dutchess County RR—First M gold guar
Jlte.c*
12
Divisional bonds
New mtge $25,000,000 when authorized
Central Ohio See Baltimore & onio
Central Pacific—1st refund M g gu p A 1 endCe'.cAr
1,349
SHs $25,000,000 gold guar p A 1 end
Us.c'Ar 1,349
Lucln cut-off 1st M $10,000,000 guar (text)
.G.c*Ar
103
Central RR of Haiti—1st MuS gold pay 105 at ma¬
Par
1901
1897
1905
1905
1895
1895
1895
1887
1905
1906
1906
1907
1907
1890
03-’04
registered
.
All
All
1899
1899
1890
500 Ac
500 Ac
l .000 Ac
1909
1,000
100
West. Ala. stock and Ch. A
West. Car. bonds prior to July 1 ’08
on
Balance, surplus
556,414
837,102
$2,873,615
$1,999,541
554,732
324,768
213,502
deficit
sur.$1,216
def.$5,426
OFFICERS.—Pres., J. F. Hanson, Atlanta, Ga. sur.$2,661
Directors, July 1909.
Y. 87, p. 1009; V. 89, p. 162.—(V.
91, p. 396, 516. 527.)
or
CENTRAL INDIANA
RY.—Muncle to Brazil, Ind., 127
m.. of which
10 m. trackage. ’ V. 76.
p. 653.
Controlled by Clev. Cine. Chic. A St.
Louis
and Penn. RR. Interests.
Bonds, guaranteed by Clev. Cine. Chic A St.
L
are limited to $20,0i)<>
per mde; outstanding, $1,500,000.
V.
77. p. 517
2279; V. 78, p. 1906. 1961.
Stock authorized.$120.000.
Cal
yeari9<»9
gross, $176,579; def. under oper.
exp.. $33,550.
tn 1908, gross. $139,762.
Pres. Joseph R -hlnson.— (V. 77.
p. 2279; V. 78. p. 1906, 1961.)
CENTRAL NEW ENGLAND RY.—Owns from
Campbell Hall, crossing
the Hudson River at
Poughkeepsie by Its own bridge, to Silvernalls,
58 m.;
Poughkeepsie, N. Y., to Hopewell, 12 m.; Dutchess
Jet., N. Y., to State
line, 59 m.; Poughkeepsie, N. Y., to Boston
Corners, 35 m.; total owned,
164 miles; and leases and controls
Hartford A Conn. Western RR., Hartford
to Rhlneollff. 109 m :
Wlopee Jet N. Y
2 m.;
total, 293 miles, of which 20 miles abandonedto Flshklll Ldg.. N Y
Oct. 1909.
V. 89.
ORGANIZATION.—On June 30 1910 the New York New p. 918.
Haven A
Hartford RR. owned $3,471,00 • pref. and
$4,488,550 common stock, and
$7,037,442 of the $7,250,000 Income and $192,000
first
mtge.
bonds; also
divisional bonds, viz., the $500,000
Poughk. A East. 1st mtge. 5s, all of
the $216,000 coll, and $1,164,500 Income
N.D A Conn, bonds and $2,592,389
notes payable.
V. 85. p. 404, 858* V. 89; p. 469.
In May 1910 the Phlla.
committee made a settlement on the basis
or par In cash for the general
bonds (about $500,000)
mtg.
represented by It, and In July 1910
arrangements
were made for the sale of the
at 45 for the pref. and 22
minority
stock
for
the common.
V. 90, p. 1238, 1296, 1489; V.
91, p. 153, 396, 870.
,
,
,
STOCK.—Common. $4,800,000; pref., 4%, $3,750,000; par. $100.
BONDS.—In May 1910 application was made
to make a new mtge. for
$25,000,000 and to Issue $12,419,000 bonds
thereunder to refund outstand¬
ing bonds.
V. 90, p. 1362.
Dividend on Incomes, 4% for fiscal
year 190809, paid Oct. 1 1909; Oct. 1910,
5%.
V. 89, p. 592.
EARNINGS.—2 mos.,(1910
Gross, $500,536; net, $168,395
July 1 to Aug. 31.
\ 1909
Gross,, 456,203: net,
183,298
For 12 months
ending June 30:
12
Mos.—
Gross.
Net.
Other Inc.
Charges.
Balance.
$1,184,613 $63,186 $832,918 $414,881
2,530,213
56 849
854,013
790,797
120,065
OFFICERS.—C. S. Mellen of New Haven,
Pres.; A. S. May, Treas. and
Sec.—(V. 90, p. 1489; V. 91,
p. 153, 396, 654, 870.)
1909-10
1908-09.
--
$3,022,720
••■”>.000
1
A
A
A
J
Kgg
5
5
5
5
5 g
A
6 g
Feb 1 1919
Oct 1
Feb 1 1949
J
A D June 1 1940
J
do
do
(Savannah Ga
Guaranty Trust Co, N Y
.
A Aug 11949
D Aug 1 1929
O Oct 1 1954
A
D June 1 1919
See text.
Q—F Nov 1 1910 2*
/
5 g
J
A
J July 1 1987
1
5 g
Q—J
July 1 1987
Includes $1,167,0 00 In treasury
_
Guaranty Trust Co N Y
July 1 1920
Guaranty Trust Co N Y
To July 1911
Blair A Co New York
July 1910 2H* Savannah Ga
July 1910 2M% Savannah and Macon
July 1 1910 2 H .Savannah Ga
July 1 1930
(Citizens’ Bk SavannahGa
May 1 1953
(Central Trust Co N Y
A
A
A
A
A
A
A
A
A
A
Places Where Interest and
Dividends are Payable
Guaranty Trust Co N Y
July 1 1947
Union Trust Co New Yk
Feb ’ll-Aug *2f Guaranty Trust Co N
Y
Mch ’11-Sep ’25 Guaranty Trust Co N Y
Nov 1 1945
Guar Tr Co N Y or Savan
Nov 1 1945
do
do
NOV 1 1945
do
do
May 1 1937
Guaranty Trust Co N Y
To Jan 1912
Blair A Co New York
To Feb 1916
do
do
To July 1916
Kountze Bros New York
To Mch 1 1917
do
do
Mch 1 1912
{Guaranty Trust Co N Y
MAS
4 g
F
3X g J
4 g
A
‘!±><.oon
*>.040.ooo
27
t1 J
MAS
4 g
5 g
5 g
k? °°0
Jan 1 1946
Dec 1 1945
June 1 1926
Jan 1 1947
June 1 1951
Various
,
g F
5 g
4M (6)
1,000 i
500 Ac I
LATEST EARNINGS.—/1910
Gross, $1,991,844; net, $464,553
July 1 to Aug. 31. \1909
Gross,
net,
383,727
REPORT.—For 1909-10 at length In V. 91, p. 1,740,683;
516, 527.
Ygar ending June 30—
1909-10.
1908-09.
1907-08.
Operating revenues
-.$12,052,756 $11,155,182 $11,383,013
Operating expenses
8,474,910
7,862,036
8,518,977
Net operating revenues
$3,577,846 $3,293,146 $2,864,036
Operating Income (after taxes)
$3,106,998 $2,866,867 $2,481,492
Other Income
732,991
720,656
392,123
Taxes
l’iSS0°0
7 9
Last Dividend
and Maturity
5 g
A
5 curl
A
< $
A
5 g
A
4 g
A
4 g
A
In 1907
Oct 1
.729 *07,
Oct 1
In 1906
Oct 1
8 g
MAN
4«
ki
4H
-°oo
When
Payable
A
A
4
1
i
Rate
%
SSSS:
1899
1899
1904
1887
1887
,
5«?’°00
nsn'°°0
1’Si?.000
Hi,ooo
6fi0.000
1
1,000
1,000
1,000
1.000
1.000
2 mos.,
$3,587,523
$1,977,844
I’Pjjo.ooo
••««0.000
100
100
1900
1903
000000000550
$3,839,989
$1,959,556
561,094
1,318,123
450 2°°
nn?’°°0
7nn%'°00
J>000,000
4
n?5-°00
S’lZf’fOG
4
’J00
,
Total Income
l^.ooo
"""166
V BONDS.—The first
mortgage of 1895 (described In V. 63,
p. llttui is a
first lien on the main line from Atlanta to
Savannah, Including the Mllledge
vllle branch (312 m in all), all
equipment
and appurtenances, and the equity
In $1,995,000 stock of Ocean SS. Co.
V. 84, p. 529, 605; V. 87.
p 550.
Application for listing tlrsts and consols in V. 63. p.
1160
The consol, mort (see abstract V. 61,
p. 873* also V. 63, p. 1160: V. 83.
p
1347) Is a first Men upon 600 m. (Including former Mont. A
Eufaula RR.,Sa\
A Western and Sav. A Atl ); also on the
leases of the South Western and
Augusta A Savannah roads and the stock of New
England A Savanna!
Steamship Co and a second lien upon the main line.
Its equipment. Ac.
and also on the Macon A Northern,
Mobile A Girard, and other divisions
It also covers all leaseholds,
securities, Ac. V. 85, p. 605; V. 89, p. 777.
Collateral trust mortgage abstract was In V. 45, p. 242.
The Chattanooga Division
mortgage Is a first lien on the former Chatta
nooga Rome A Southern RR.,
Carrollton, Ga., to
miles, and Durham to Chlckamauga, Ga.. 17 miles, Chattanooga, Tenn .13*
miles, subject to $343,000 old 5s, for which a like with branches, In all 164
amount of bonds Is re¬
served.
V. 72. p. 1134; V. 78. D. 1446.
Upper Cahaba Branch bonds are secured by coal lands
In Northern Ala¬
bama, also by road Henry Ellen to
Margaret. Ala. V. 81. p. 920 1099
PREFERENCE INCOMES.—These bonds,
subject to the prior mort¬
gages, cover the main line and the former Savannah
A Western, Columbus
A Rome, Montgomery A
Eufaula, Mobile A Girard, Macon A Northern and
Savannah A Atlantic and other
railroads, and their
are non-cumulatlve and bear
Ac. They
Interest not exceedingequipment,
5% in any one fiscal
year, but payable only out of net
earnings as declared. In Oct. 1905 It
was arranged to attach
coupons to income bonds.
V. 81, p. 974, 1174.
Divid. (%)—’96. ’97. ’98. ’99. '00. *01. ’02.
03. '04. ’05. ’06. ’07. ’08tO’10
1st Incomes 1>* 2)4
2
2
3
3)4
5
5
5
5
5
5
0
2d Incomes
00000000255 3.729
0
3d Incomes
0
In Oct. 1907 the holders of
$2,498,000 second preference and $1,350.00b
third preference income bonds had
deposited their bonds with a committer
(Jos. S. Dale, 52 William St., N. Y.,
Sec.). V. 85, p. 529, 605, 653. 721
792; V. 87, p. 1477; V. 88, p. 1436; V. 89,
p. 592.
In Nov. 1909 suit was
brought to recover full Income Interest on 3 classes of bonds
from earnings
•f 1907-08.
V. 89, p. 1346.
In 1908 a majority of first
Income bonds had
been deposited with a committee
(Metropolitan
Trust Co. of New York,
depositary; Jos. S. Dale, Sec.). V. 87, p. 740, 1418.
Interest on funded debt, Ac
Rentals and miscellaneous
Betterments (Including reserve)
nlZ’000
2
1-000.000
.
do
iff.ooo
1.000
.
do
*120.000
iSZ’200
1,000
1,000
1,000
1,000
1,000
1.000
1.000
1,000
1,000
50,000
—
turity or company’s option
G
Central RR of N J -Stock ($30,000,000 authorized)..
Cent RR of N J gen M $50,000,000 gold
Ce.rc
Outstanding
1,000
1,000
$500
1,000
1,000
1,000
1,000
1896
1897
—
Amount
Value
[ VOL. LXXXXI
Fid I T A S D Co Phlla
5% paid for year 1909-10
Fid I T A S D Co Phlla
120
Broadway N Y
do
do
do
do
Co’s office, 25 Broad,St
Office 143 Liberty St N Y
Liberty Nat Bank, N Y
Check fr m treas. off
July mio
CENTRAL PACIFIC RY.—{See Map of
Southern Pacific.)
Miles.
Miles.
Francisco, Cal., to near
Branches tn San Jose. Ac
35
Ogden, Utah
871
Leased,
Ac.—
Lathrop, Cal., to Goshen, Cal-- 146 Weed to
Klamath Falls (leased)
i Seville
86
Junction, Cal., to
Into Ogden, Ac.
Lines owned—
San
Oregon State Line
'mbrla to Cecil
297
103
(trackage)
14
Total
1,651
In Utah In July 1899 as successor of
plan of readjustment In V 68.
p.
378.
STOCK —(1) Common Stock.
$67,275,500. all held by Sou. Pac. Co.
(2) Preferred stock, 4%
authorized Issue $20,000,000, to be
iellvered to Sou. Pac. Co. cumulative,
In consideration of Issue of
equal amount of Sou.
Pac. Co. 4% collat. trust
gold bonds: of which delivered on
completion of
readjustment $12,600,000; reserved for
improvements,
to be delivered for
reserved
improvements and additions at $3,000,000;
not over $200,000
ORGANIZATION.—Incorporated
under the
.
he railroad
yearly, $5,000,000; outstanding, $13,800,000
DIVIDENDS.—On pref., 4% yearly to 1909, ^
Inclusive.
On com., In
1906-07, 6%; in 1907-08, 6%; in 1908-09, 6%.
BONDS.—First rejunding mtge. gold 4s,
$100,000,000. V. 69, p. 808
and V. 70, p. 739;
V. 78, p. 228; V. 87. p. 225, 285, 479; V.
88. p. 52.
Thirty year gold 3)4*. $25,0uu,U00, secured
uy n second Hen upon all the
properties covered by the 1st ref. mtge. and also
by deposit with the Trusees, as acquired, of all securities and
moneys held In anv sinking fund of the
Vutral Pacific Ry.,
consisting July 1 1909 of $8,521 020 In securities and
$21 cash, and by a trust deed
upon all the lands covered by the
>ct. 1 1870.
mtge. dated
See Mortgage Abstract, V 69,
p. 858; also see p. 851.
From
the proceeds of these
sinking
funds and land sales cancellation of bonds are
made from time to time; In
Feb. 1900 $2,505 000 3 Hs were
canceled and
July 1909 $6 131,000 additional
had been canceled,
reduclug those out
-ta
> .g to $16.3>4
000
V. 70. p 739. 1194
The 4% guar, bonds on the Lucln
cut-off are redeemable at 107
Ml on any
lnt. day since Oct. 1909. V.
79, p. 1641.
Guaranty, V. 80, p. 162.
LA v 1> GRANT.—Total
land gram was ab ui i2 .ou») onu
acres.
of which
about 7,706,612 acres unsold June
30 1909. Sales in 1908-09.
2,967 acres.
Land contracts July 1
1909—prin., $146,589; aver, price per acre, $5 25.
REPORT.—Year end. June 30 1909, gross.
$31,306,984; net, $14,053,472: other income. $817,382; lnt.,
taxes, sink, funds, Ac.,
on pref. stock
(4%), $548,000; div. on com. stock (6%), $6,808,463; dlv.
$4,036,530; bal.,
sur., $3,477,861, of which payable to Sou.
Pac. Co. under terms of lease,
$1,514,917. leaving $1,962,944.—(V. 87, p.
225, 285, 479: V. 88, p. 52.)
CENTRAL RR. OF HAITI.—Incorporated under the laws
of the State of
New York Mch. 19 1909.
Stock auth., $1,450,000, as Increased
Aug. 1919;
outstanding, $1,400,000 (shares $100 each). Took over
the following cor¬
porations by purchase of all their assets: (1) The
Plalne
du
Cul
de Sac RR.
Co. of Haiti, a 61-mlle road, lncl. 16
miles building; (2) the
Port-au-Prlnss
Wharf Co., all the stock and bonds of the
former and the bonds of the latter
having been pledged to secure the bond Issue (limited
to $800,000).
The above-mentioned collateral securities
carry with them a guaranty on
the part of the Gov’t of the
Republic of Haiti for the payment of
an annual
subsidy of $41,280, U. S. gold coin, for which
guaranty 20% of the Govern¬
ment’s revenues from the duties on cocoa
and logwood are
pledged, which
total revenues exceed by about 10
times the amount of this
V. 89, p. 162.
guaranty.
N. Y. office, 25 Broad St.—(V.
91, p. 276.)
CENTRAL RR. OF NEW JERSEY.—(See
Map
Reading
System.)— Oper
ates from Jersey
City,
New York City,
to Wilkes-Barre
and Scranton, Pa., and opposite
the neighboring anthracite westerly
c< a1 fields: also
to the seashore resorts of New
southerly
Jersey and to the Delaware River.
Lines owned in fee—
Miles.
Miles.
Jersey City to Phtlllpsburg
* See this
72
company.
Sundry branches
84 Nesquehonlng
Valley*
17
Entire stock owned—
Lehigh A Susquehanna.
Vew York A Long Branch
PhllllpsRR.,
burgto
Union
Jet., Ac
171
Perth Amboy to Bay Head
38 Wilkes Barre A Scranton*
5
New Jersey Southern RR.,
Long
Other lines
7
Branch to Atslon, Ac
76
Trackage—
Other lines (no debt)
147 Union Coal RR10
Leased (mostly for 999 years)—
Allentown Term (oper.Jointly)..
Dover A Rockaway RR
3
5 Other trackage
24
Ogden Mine RR*
10
Total '^por .Tulv 191*0
There are 263 miles of 2d, 41
669
miles of 3d and 30 miles of 4
tracks.
HISTORY.—Reorganized
In 1887 without
foreclosure—see
714
! 16
plan V. 44, p.
Concerning c<»al properties, so* Lehl-rh A
plemcnt’’ Jan. 1903 (p. 159), and Leh. Coal A Nav. Wilkes ILirre In ”Sup
In
“Miscellaneous”.
In
1901 Reading Co. acquired
$14,504,000 stock. V. 72, p. 86,
721.
In Sept. 1909 sold
241, 391.
$1,540,000 of $1,600,000 Leh. Vail, 136,
stock.
DIV.— 1 ’91.’92 to’94. *95. ’96.
'97. '98. ’99. ’00. ’01 1902
Percept
toNov’10
I 6
7 v'ly
5 ‘4
5
4
4
i
5
5
H
Also two 2% special dividends
vearlvfQ Ft
on Dec. 15 1909 and June 25
1910 from
proceeds of 6H% dividends each
on Lehigh A
Wilkes-Barre Coal Co.
stock owned.
V. 89, p. 1410; V.
90, p. 1612.
BONDS.—For general mtge. abstract, see V.
45, p. 402.
The $20,000,000 Lehigh A
Wilkes-Barre consol, serial 4s are guar.
and lnt., and mature
prln.
$2,500,000 every 5 years beginning June
1
$16,996,000 have been sold,
$2,691,000 are reserved to retire the 5s1915;
Nov. 1 1912.
due
V. 90, p.
.
Equipment Mortgage 4s.
_
1296, 976.
Interest at
Liberty National Bank., N. Y. City.
($1,000 each)
Date.
Interest. Outstanding. Instal.
of Prin due Y’ly.
Ser. B
1902
4% Var.
$500,000 $250,000 to May 1 1912
Ser. C
1903
4% A AO
1,050,000
to April 1 1913
350,000
Ser. D
($750,000),1905 4% MAS In
treasury
150,000 to March 1915
Ser. E ($2,100,000) .1906
FAA
4%
do
do
350,000
S**r F
1911 to 1916
f*77;>,000) .1907
4% JAD
dodo
EARNINGS.—For 2 months ending Aug. 31: 110.000 to June 1 1917
2 Months—
Gross.
Net.
Charges.
1910
Bal., surp.
$4,810,607 $1,989,409 $1,051,919
1909
$937,499
4,493,941
2,011,462
1,067,753
953,709
OCT., 1910. j
RAILWAY STOCKS AND BONDS.
25
26
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
Road
[For abbreviations, Ac.,
Date
Bonds
Par
Amount
Value
Outstanding
Rate
%
[VOL.
When
Payable
LXXXXI.
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable,
Nov 1 t912
1 *15-’50
Liberty Nat Bank N T
do
do
Central RR of N J—{Concluded)
L & W B 5a of 1912 sk td not soar
(not drawn) F
L&WB con M 120,000,000 aerial g guar_.Pe
Am Dock & Imp Go 1st M guar redeem at 110
1888
5
4 g
5
1,000 Ac
1,000
3,000.000
11.500 000
279,000
1,000
40.6
175,000
Ac
1909
200.000
1,000
4 g
262.000
&g
1903
1907
1896
1896
1897
1,000 Ac
1,000 Ac
1,000
1,000
1,000
1,000
800.000
4
4
5
5
5
,
I RR of South Carolina—First mtge gold.....
40
Cl
All
Charleston Un Sta—1st M$400,000 g gu(text)_Eqc* Ar
Charleston & West Car—IstM g($8,000 p m).Ce c*&r
340
Income mtge gold non-cum ($7,000 per mile)..O.c*
Augusta Terminal Ry 1st M gold guar p A 1 end. -Ce
lotte Monroe & Columbia—First M $70,000 gold,
18
lotto Columbia & Augusta—See Southern Ry
tiers—See Plttsb Cincinnati Chicago 5s St Louis
it A Lake Placid—Sar A Lake Placid 1st M g.Ce.e*
10
Chattahoochee Valley—C V RR first mortgage
8
Consolidated mortgage $110,000
24 H
AB
Chattanooga Stat—1st M $1,000,000 g gu(text)Ta.cAi
Chesapeake Beach—First mtge see V. 81, p. 974. N.c*
34
Chesapeake & Ohio—Stock ($100,000,000 authorized)
First mtge of 1911 Peninsular Extension gold
74
c*
Terminal 1st M 1922 covering 8 m to Phoebus g..o*
10
First consol mtge for $30,000,000 gold
697
Ce.c* Ar
Rich. A All DIv 1st & 2d Ms ($1,000,000 2ds).Ce.o*
241
Craig Valley Branch first mortgage gold
26
Ce.c*
Warm Springs Branch first mortgage gold
25
Ce.c*
General mortgage (for $70,000,000 Ac) gold—Ce.c* 1,394
Paint Creek Branch 1st M $750,000 gold
21
Ce.c*
Klneon Coal mtge assumed redeem since Oct 1905
T-
-W
—'
1902
16.996.000
4,987.000
2.500.000
1.062.000
600.000
500 Ac
1,000
300,000
150,000
500
100
120.000
100
250,000
2,720,000
2,380,000
600,000
70.000
M
J
J
A N
A D
A
J
4 A 5 g M
A
S
5 g
J
A
J
3
M
A N
6 g
J
A
J
6 g
J
A
J
100
$2,185,
held
( 3—F
4 g
4H
<J—M
1899
1905
1906
1907
1900
38
ByVermont—Stock
of So Car—First $3,000,000
M $150,000 g gu red
$2,691,000
7
-T1-
c*
First M $12,000,000 gold traffic guar
AB.cAr
Car trusts $15,000 or $15,000 due
quarterly
Locomotive trusts $20,000 due yearly (V 83 o 751).
Car trusts $13,000 or $14,000 due semi-annually...
Montreal & Province Line Ry 1st M guar
p & i-. -.c
C V Trans IstM g gu jp Al,$12,000or$13,000due s-aBa
charleston & Savannah—See Atlantic Coast Line RR.
Charleston Terminal—First M $1,000 000 gold-S.c*&r
$1,000
1,000
1,000
1,000
1,000
1910
1881
1891
1890
1893
1881
1906
•
June
July 1 1921
Sep 1 1941
July 1 1920
May 1 1923
July 1 1921
do
do
do
do
Irving Nat Ex Bk, N Y
Fidelity
Trust Co Phila
Bankers Trust Co, N Y
Jan 1 1926
Colonial Trust Co Plttsb
by Grand Trun k Ry of Canada
May 1 1920
Blair A Co N Y; A Bost
Deo *10-Mch *15 Blair A Co New York
i J—F
Aug 1911-1916 Royal Trust Co Montreal
A
A
O Apr ’11-Apr ’17
A
A
O Oct 1 1950
Amer L ft Tr Co Boston
M A N15 May '11-May *21 Bankers’ Trust Co. N Y
4H
4H
J
J
A
A
A
A
Oct
A
A
A
A
g
g
g
g
5g
.
J July 1 1953
J Jan 1 1937
O Oct 1 1946
Oct 1 1946
O Apr 1 1947
O Oct 1 1932
Standard Trust Co N Y
Equitable Trust Co, N Y
Central Trust Co N Y
Guar Tr N Y If earned
Central Trust Co N Y
Rich T A S D Co Rich Va
_
1893
1896
1900
1907
1898
—
,
Greenb A New Rlv RR 1st M
e
ass’d (V 75 o 5«2>
_
.
_
1891
8,045,097
4,523,623
1,250,806
62,798.300
2.000.000
1,000
142.000
1,000
1,000
1,000
1,000
1.000
1,000
27,858.000
7.000.000
650.000
400.000
45.914.000
539.000
500 Ac
200.000
339.000
1.000
8,166.369
4,253,920
1,225,392
9,099,015
4,282,704
1,434,639
revenue
$23,851,511 $22,068,278 $23,184,414
$10,583,028
$9,507,761
$9,917,848
Other income
4,609,192
1,427,453
1,635,229
Total net Income._..$15,192,220 $10,935,214 $11,553,077
Interest on debt$2,746,083
$2,834,434
$3,021,183
Rentals paid
2,167,314
2,495,020
2,342,696
Taxes
1,174,924
1,067,772
1,065,726
Renewal funds, Ac
4,000,000
2,000,000
2,300,000
Dividends
(12)3,292,416 (8)2,194,000 (8)2,194,000
Balance, surplus..
$1,811,483
$343,044
$628,529
—(V. 90, p. 502, 697, 976, 1296, 1612, 1675; V. 91, p. 93, 790, 864.)
CENTRAL RR. OF PENNSYLVANIA.—See page 165.
CENTRAL RR. OF SOUTH CAROLINA.—Owns from Lane. S. C.. t
Sumter, S. C., 402 miles; spurs, Ac., 1.61 m.; total, 41.81 m.
Leased t
Atlantic Coast Line RR.; rental $31,000 yearly and taxes.
Stock $170
000; par, $50. In 1908-09, rental, $31,000; general expenses, $255; Int.
$16,000; divs. (7.6%), $12,920; balance, deficit, $175.—(V. 64, p. 887.)
CENTRAL RY. OF SOUTH CAROLINA.—(V. 82. p. 927.)
CENTRAL VERMONT RY.—Operates from Rouse’s Point, at north eno
of Lake Champlain, to New London,
Conn., with branches. 536 miles In all
of which 160 miles leased, viz.: New London A
Northern fsee that *•»
121 m.; Montvllle Branch, 3; West River RR., 36 m.
V. 68, p. 1076.
SECURITIES, Ac.—The Grand Trunk Ry. holds $2,185,100 of the $3,
000,000 stock, and under a traffic contract will make good
any deflclencj
In earnlnsrs to meet Interest on the new firsts
up to 30% of Grand Trunk
gross receipts from traffic Interchanged.
of
Form
guaranty, V. 85, p. 283.
Central Vermont Transportation guaranteed 5% bonds, V.
88, p. 1252.
EARNINGS.—12 mos.,(1909-10
Gross, $3,800,957; net, $938,828
July 1 to June 30.
\1908-09
Gross, 3,497,274; net, 832.547
Year—
Gross.
Net.
Other Inc.
Charges. Bat. ,Sur.
1908-09
$3,795,332
$693,164
$22,980
$713,027
$3,117
OFFICERS.—Pres., Charles M. Hays; Clerk and Treas., W. H. Chaffee
St. Albans, Vt.—(V. 87, p. 1009; V. 88, p.
1252; V. 89, p. 1223.)
Mail, express, Ac
Total operating
Net earnings
1,000.000
500 Ac
“
Passengers
1,000.000
100
ANNUAL REPORT.—The report for 1909-10 was In V. 91. p. 884.
Earnings from—
1909-10.
1908-09.
1907-08.
Merchandise
$10,031,985 $8,422,597
$8,368,056
Coal
120,000
50.000
60.000
1,000
1,000 Ac
1,000
M
1881
1882
1889
1890
1890
1891
1892
1905
1901
18
1,000
..
5 (6) g
6
5
4 g
5 g
See text.
6 g
6 g
5 g
4 g
5 g
5 g
4* g
4 g
5 g
5
v
M
J
J
J
A
N
A
J
AJ15
A
J
J
A
J
Q—M
A
A O
J
A D
M
A N
J
A
J
J
A
J
M A
S
M A
S
F
A A
A
A
O
F
A
A
Nov 1 1918
July 15 1916
July 15 1920
Jan
1 1957
July 1 1923
Sept 30 *10 1 H
Jan 1 1911
June 1 1922
May 1 1939
Jan 1 1989
32 Nassau St New York
State Trust Co, Boston
Amer Tr Co Bostou
1 r s* Co of America. N Y
In default
Office, 71 Broadway. NY
J P Morgan A Co. N Y
do
do
do
do
do
.
July 1 1940
Mch 1 1941
Mch 1 1992
Feb 1 1945
Oct l 1915
Aue 1 1942
do
do
do
do
do
do
do
do
do
Cent Tr A S Dep Co Cln O
J P Morgan A Co V >
CHATTANOOGA STATION CO.—Owns union passenger station opened
Dec. 1 1909 and approaches at
Chattanooga, Tenn., used
Southern
Ry.. Central of Georgia. Alabama Great Southern and Cln.byN.the
O. A Texas
Pacific, which each owns one-fourth of the stock and
the
guarantees
bonds
jointly and severally, p. A1., by endorsement. Rental covers bond interest
and 4% on stock.—(V. 84,
p. 50.)
CHERRYVALE OKLAHOMA A TEXAS RY.—(V. 91. p. 870.)
CHESAPEAKE & OHIO RY.—(See Map.)—Operates from
Newport
D.C.. to
Vew8,Va., and Wash
Lines owned in fee—
.
Cln..O.. and Loulsv
Mile«
Ky., with branches.
Controlled by stock—
Miles.
2
Richmond via Lynchburg,to Clif¬
Virginia Air Line
30
ton Forge, Va
230
Lines leased
Branches In Va. and W. Va
532 Sundry branches leased
21
Denton. Ky.. to Lexington
103 Trackage to Louisville
84
Big Sandy Jet. to Elkhorn City,
Trackage to Washington. D. C.
85
with branch
128 Other trackage
31
Branches In Kentucky
5
Second track <338 owned)
437
Total system June 30 1»10
1.939
Also controls Hocking Valley, 350 m.* Ches. A Ohio
Ry. of Ind., 284 m.,
and Kanawha A Mich, (jointly with Lake
Shore), 176 m.: also owns onesixth Interest in the Richmond-Washington Co.
Ft.Monroe,Va.,to Covington,Ky.663 Bridge—Covlngton-Cinclnnatl.
‘
CHARLESTON TERMINAL CO.—ROAD.—Owns terminal road In
Charleston. S. C.. 5.02 miles; track laid with 60-lbs steel.
Company also owns 14 wharves. 30 warehouses, about 30 acres of land,
♦ cotton compresses,
Ac., on the city’s water front, these being connected
by Its own road with the other railroads entering the city. V. 77. p. 298,
148.
Stock, $200,000, owned jointly by Atlantic Coast Line RR. and
Southern Rv .which agree to make good any deficiency In Interest
on bonds.
EARNINGS.—Gross, year ending June 30 1908, $194,209; net Income.
$70,377; lnt. and taxes, $44,852; bal., sur., $25,525.—(V. 77. p.
146.)
CHARLESTON UNION STATION CO.—Owns passenger station at
Charleston, S. C.. used by Atlantic Coast Line and Southern Ry which each
owns one-half the stock and guarantees the
bonds, p A I, by endorsement.
Rental covers Interest on bonds and 4% on stock.
V. 84. p. 50.
CHARLESTON & WESTERN CAROLINA RY.—Port Royal. S. C., via
Augusta, Ga.. to Spartanburg. S. C.. 245 m.; branches to Anderson and
Greenville, S. C.. 94 m.; leased. 2 m.; total, 340 m. Entire stock and
por¬
tion of incomes owned by Atl. Coast Line Co.
V. 66. p. 38, 335.
Dlv. on
Incomes. 2% for 1903-04; 3% for 1904-05; 5% for 1905-06
STOCK.—$1,200,000; par, $100. See Augusta Term. Ry. V. 66, p. 383.
EARNINGS.—12 mos.,(1909-10
Gross, $1,570,432; net, $404,923
July 1 to June 30.
11908-09
Gross, 1,410,029: net, 338,719
REPORT.—For year ending June 30 1909, gross, $1,410,029; net (before
taxes), $338,719, against $262,505 In 1907-08. In 1907-08, gross, $1,408,139; net, after taxes, $191,632; other Inc., $23,357; lnt. on bonds, $172,000;
hire of equipment, Ac., $39,114;
surplus, $3,874. Pres., J. B. Cleveland.
Spartanburg, S. 0.; Sec., R. D. Cronly, Petersburg, Va.—(V. 73, p. 1207.
CHATEAUGAY & LAKE PLACID RY.—(See Map Del. A Hudson.) —
Operates from Plattsburg. N. Y., to Lake Placid, 80 miles, of which Plattsburg to Dannemora, 16 miles. Is leased from State of New York for $1 and
free transportation of freight to the State’s Prison at Dannemora.
Stock,, $3,450,000, of which $3,000,000 Is 4% pref., the latter all owned
by D. A H.
V. 84, p. 50.
Leased to the Delaware A Hudson until Dec.
31 2403, any balance over expenses of operation, Interest,
taxes, main¬
tenance, damages, dividend on pref. stock, Ac., to go to the lessor. The
lease Is subject to revision at 5-year Intervals s’noe Jan. 1 1908 on
request of
either party.
V. 81, p. 613. There are also $24,000 Saranac A Lake Placid
2d 5s due Nov. 1 1913.—(V. 81. p. 613; V. 84.
p. 50. 930.)
CHATTAHOOCHEE A GULF RR.—Columbia. Ala., to Floralla, 92 m.
LEASE.—Leased in 1900 in perpetuity to Cent, of Georgia Ry. for 6% on
$436,400 stock and $325,000 bonds, of which 1% to be used as a
sinking
fund for retirement of bonds, upon completion of which rental will
be 5% on
stock, payable J-J. See Cent, of Ga. Ry.—(V. 81, p. 1722; V. 87,
p. 1663.)
CHATTAHOOCHEE VALLEY RY.—Standing Rock, Ga., via W. Point, to
Jester. Ala.,32.5 m. Stock auth..
$1,000,000; Issued, $110,000; oar. $100.
Bonds, see table above. For year 1909-10, gross, $97,749; net after
taxes,
$35,082; Interest on bonds, $12,271.
CHATTANOOGA SOUTHERN RR.—Owns road from Tennessee State
line to Gadsden, Ala., 87 m.; Round Mt.
branch, 3 m.; trackage to Chatta¬
nooga, 5 miles.
V. 61, p. 830.
Sold at auction July 15 1910
An agree¬
ment has been made with the Rome A
Northern, Rome to Gore, Ga., 18m.,
under which the Chatt. South, will build
from Bronco, Ga., to Trion, 8 m.
and the Rome A Northern from
Gore to
Northern line to be used under long-term Trion, 9 m., the entire Rome A
trackage agreement.
An exten¬
sion. It Is stated. Is to be built later from
Rome south to Rockmart, 16 miles,
connecting with Seaboard Air
.
$80,578;
def. oper., $42,684.
Line.
V. 91, p. 336.
Year 1908-09, gross,
Pres., Newman Erb.— (V. 91, p. 336.)
HISTORY, Ac.—In 1888 reorganized without foreclosure. The stock¬
voted Oct. 19 1909 to purchase the Coal
River,
A
Southwestern and Virginia Air Line railways. V. 89. p. 720.Raleigh
In Jan.
1909 a syndicate headed by Edwin
Hawley acquired about $24,000,000
stock, giving them virtual control.
V. 88, p. 294.
Owns $7,501,800 of
the $11,000,000 Hocking Valley common
stock, Including $6,347,800 ac¬
quired In Mch. 1910; also $4,027,100 of the $9,000,000 Kanawha A Michi¬
gan stock, the Lake Shore
purchasing the same amount. V. 90, p. 771,
849, 977; V. 91, p. 802.
In June 1910 the Chic. Cln. A Loulsv. (284 miles,
incl. 18 miles trackage) was acquired at foreclosure
sale, the Ches. A Ohio
RR. of Indiana being Incorporated In
July 1910 to take over the road, its
entire $3,000,000 stock and $8,200,000
bonds to be owned and held In
treasury of Ches. A Ohio Ry. The earnings of the Indiana company are In¬
cluded with those of the C. A O. since July 1 1910.
V. 90, p. 1675: V. 91,
p. 93, 214, 802.
STOCK.—Authorized stock was Increased to $100,000,000 April 28 1910
to provide for convertible feature of new bond Issue.
See BONDS below.
DIVIDENDS.—1899 to 1908, both Inclusive, 1% yearly.
In June 1909,
1% (quar ); Sept.,1%; Dec.,1%; 1910,Mch.,1%; June, 1J*%;
Sep, 1 M%.
BONDS.—Abstract of consol, mtge. of 1939 In V. 49. p. 147; V.
86, p.
1588; of Richmond A Allegheny mtges.. In V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and
H. T. Wickham,
trustees) Is for $70,000,000, but additional amounts at $25,000
per mile may
be issued for double-tracking.
See full abstract of mortgage In V. 54, p.
644.
In July 1910 $31,131,000 were reserved to retire
underlying bonds.
The general funding and Improvement
mtge. (limited to $30,000,000)
funded $7,500,000notes and will provide for future
requirements for exten¬
sions, improvements, equipment, Ac. See limitation as to Issue under
convertible Issue of 1910, below.
V. 87, p. 1663; V. 88, p. 99,
The stockholders voted April 28 1910 to authorize an Issue of 157, 1312.
$37,200,000
20-year 4H% convertible gold bonds, of which $31,390,000 has been
sold,
to provide for purchase of majority stock of
Hocking
Valley Ry., half¬
interest In majority stock of the Kanawha A
Michigan, the acquisition
of the Chicago Cincinnati A Louisville after foreclosure
sale, equipment,
Improvements, working capital, Ac. Stockholders were offered the prior
right to subscribe for the bonds
holders
at
93 H
and Interest.
The bonds
redeemable after 1915 at 102 H and convertible at
par at the option of
the holder Into stock between May 1 1911 and Feb. 1
1920.
Any future
mortgage on lines owned in 1910 must secure equally the convertible
4 Hs
and must provide that so long as any convertible bonds
remain out (1) the
Issue of general funding and impt. bonds shall be limited
to the
already Issued and (2) that no pref. stock shall be Issued and no$11,000,000
stock divi¬
dend be distributed.
V. 90, p. 771, 848: V. 91, p. 870, 945.
Louisville A Jeffersonville Bridge.—See separate statement for
that co.
Of the Greenbrier Hy. 4s of 1900, guaranteed
prln. and lnt.. and assumed In
1903-04, $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 1904 remaining $229,000 Is reserved for extensions.
V. 79,
p. 917; V. 82. p. 297; V. 87.
p. 225. 414,1418.
Guaranty, V. 81, p. 668.
Of the $3,000,000 Coal River 4s of 1905, $550,000 is
reserved for exten¬
sions and Improvements.
V. 80. p. 2219; V. 83, p. 693; V. 89, p. 720.
Paint Creek Br. 4s $211,000 reserved tor extensions
V 81, p. 974, 910
Raleigh A Southwestern 4s. V. 84. p. 1114: V. 89, p. 720.
are
Date
••A” 1901
Car Trust Series 4% Gold {Denomination $1,000 each)
Outstanding
Mature in Installments
$100,000
Aug. 1911
Last installment.
“B” 1902
200,000
Aug. 15 1912 Last installment.
”C” 1902
200.000
Mch ’ll-.Sept. M2
50,000 s.a.
“D” 1903
600.000
Aug *ll-Aug M3 200,000 yrly.
“E” 1903
350.000
Dec. M0-Dec. M3
50.000 s.a.
“F” 1904
315,000
Dec. ’10-Dec M4
35.000 s a.
“G” 1905
810.000
Apr. Ml April M5 90 000 s.a.
“H” 1906
880.000
Apr. *11-Aprll *16 80,000 s.a.
“I”
1906
*00,000
Dec. M0-June *16
50.000 s.a.
“J” 1906.
Feb ”1 Aug. M6
1,140,000
95.000 s.a.
”K” 1906
960.000
Apr. 15 M l-Oct.*16 80.000 s.a.
*‘L” 1907
Jan. M1 Jan. M7 113.000 s.a.
1,459.000
“M*» 1907
Feb Ml-Feb M7 112,000 s.a.
1,456.000
"M. R. Co” 1910
To May 1 1915
220,000
Merc. Trust Co. 1910
2,170.000
As collateral
To Nov 18 1911.
None of the C. A O. eq. corp. notes, ser. A A B (5%),were
outstanding
In
July 1910.
Interest paid seml-annuaMy as Indicated by
maturity date:
“A** and
”B** at Girard Trust Co.. Phila.: "C,” “E” and ”F” at office of Blair A
Co.,
r*
BASROTANILDWCSKY,
1Go9t.0.]
28
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
Miles
Date
Par
Amount
[For abbreviations, Ac., see notes on first page]
Road Bonds
Value
Outstanding
Chesapeake A Ohio—(Concluded)
Greenbrier Ry 1st M $3,000,000 g assumed
Ta.c
100 1900
31.000 $ 1.902,000
Big Sandy Ry first mtge $5,000,000 gold
85
Ce.c*
1904
1.000
4.719,000
Potts Cr Br 1st M 31.000,000 auth
20
(V.83,p
.693)
Ce
c*
1906
1,000
Coal River 1st M g assumed
600,000
Ce.c*
63 M
1905
1.000
2.450.000
Raleigh A Southw 1st M $1,500,000 g assumed..Ce
1906
1.000
750.000
Gen fd & Imp M $30,000,000 red 107 HiUsm.xc*Ar*
1909 1,000 Ac 11.000.000
Convert gold bonds $37,200,000redtext.Usmxc* Ar*
1910 1,000 Ac
31.390,000
Guaranteed Bonds
Elevator Co first mortgage gold p A t guar
Ce.c*
1888
1,000
820,000
Second mtge for $500,000 Income non-cum
c*
1888
1,000
450.500
Louis A Jeff Bdg 1st M $5,000,000 gu p A 1 end-.c*
1895
1,000
•4.500.000
Norfolk Term A Trans 1st M (V 67 p
1898
322) guar p A i
1.000
500.000
Western Pocahontas Corp 1st M (V 84 p 995)
1905
1,000
750,000
do
do
do
Extension No. 1..
1906
1,000
114,000
do
do
do
Extension No. 2__
Rate
When
%
Payable
4 g
g
g
g
g
5 g
4 X g
—
—
4 g
4
4 g
5
...
...
4M
4M
4M
...
'
Richmond-Washlngton
...
Co (one-sixth Interest)
Ches & O Ry of Ind—1st M $4O,OOO,OO0authredparMe
1
Hoosler equipment 1st M Series A assumed
BB
ChC & L Equipment trusts assumed part
$30,000yly
Ch C&L miscellaneous equipment trusts
Chesapeake Western—O a w HR 1st 41 gold._-.--N
Chesapeake Western Ry mtge $1,435,000 g—Eq.c*
Chesterfield & Lancaster—1st M $750,000 gold-.K.c*
Chestnut Hill RR—Stock rental P A R Ry
Chicago & Alton RR—Common stock
Preferred stock 4% non-cumulative
4% cumulative part and prior lien stock
Chic & Alton RR (old) ref M g (see text)_IC.xc* Ar*
First lien (old Ry.) M subject to call at par__F.cAr
Debentures $2,000,000 authorized, subject to cali.Ce
Impt and equipt M $18,000,000 red 107 H aft 1915
Secured gold notes convert red text
Joint equip notes ($9,500 due s-a) (V 76 p 47)
C & A Eq Assn cts Ser A B&C g gu$160,000
s-a.-Me
do
do
Ser D g gu due $113,000 s-a.-Me
do
do
$82,000 Ser E due s-a
Me
do
do
Ser F $13,000 due s-a
do
do
Ser G j^i red 101 due $72,000 an PePc*
1006
1.000
IQ03
262
...
1000 An
1,000
1.000
1910
1902
1903
1.000
...
.
27
41
36
4
...
1896
1901
1905
...
....
AU
...
1899
1900
1907
1910
1910
...
-
a Guar anteed
1.000
1909
1910
1,000
1,000
1905
...
1,000 Ac
1908
....
...
...
100
i.eoo Ac
1.000
1.000
1.000
1.000
...
...
50
100
100
....
....
889
943
1.000
1.000
....
...
...
500 Ac
1906
Jolntl y and
CHESAPEAKE & OHIO RY. (Concluded).
N. Y.; “D ” **G” and “H” at Fidelity Trust
Co.,
and “M” at Blair A Co.: “K ' at Guaranty Trust Co. Phlla.; "I.” "J,” “LM
FINANCES.—In Mch. 1910 $81,390,000 4H% convertible bonds
were
old to acquire control of Hocking
Valley Ry. and for other purposes. See
Bonds above and V. 90, p. 771.
In Aug. 1910 filed agreements to secure
$4,800,000 C. & O. Equip. Corp. one-year 5% notes dated
July 1 1910.
V. 91, p. 396.
In June 1910 the dividend rate was Increased
from
4%
5%.
EARNINGS.—2 mos.,11910
Gross. $5,638,023; net, $2,106,732
July 1 to Aug. 31.
11909
Gross,
5,052,602; net,
2,088,576
Includes C. & O. Ry. of Indiana, 284 miles, In 1910.
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting Is held
at Richmond on the Tuesday
preceding the last Tuesday In October. Re¬
port for 1909-10 was given at length In V. 91, p.
786, 802; editorial, p. 763.
Year ending June 30—
1909-10.
1908-09.
1907-08.
Miles operated
1,937
1,897
1,841
Passenger earnings
$5,002,205 $4,482,004
$5,120,529
Freight
24,901,200 20,885,511
19,571,609
Express, mall and miscellaneous
1,333,764
1,263,201
1,151,134
Total earnings.
$31,237,169 $26,630,717 $25,843,272
Operating expenses
18,936,699
16,366,837
17,186,747
Net earnings
$12,300,470
$10,263,879 $8,656,525
Other Income
1,161,365
708,863
762,832
to
-
Total net Income
Interest
on
Taxes
bonds, rentals, Ac
Extraordinary
Dividends
expenses-
$13,461,835 $10,972,743
$6,297,605 $7,183,416
873,744
801,600
212,449
.(4^)2.668,617 (2)1,255,814
$9,419,357
$6,868,510
791,060
634,327
(1)627,907
Balance, surplus
$3,621,869 $1,519,464
$497,553
OFFICERS.—Pres., George W. Stevens, Richmond. Va.: 1st
V.-P..
Decatur Axtell; V.-Ps., C. E.
Doyle, H. T. Wickham and F. M. Whitaker;
Sec.-Treas., James Steuart MacKie; Comp., L. F. Sullivan.
Directors—Frank Trumbull, Chairman; Edwin
Frank A. Vanderllp, T. P. Shonts, H. E. Huntington, F. W.Hawley,
Scott, Decatur Axtell,
George W. Stevens and James H. Dooley. N. Y. office.
71 Broadway.—
(V. 90, p. 1362; V. 91, p. 153, 214,
393, 396. 786, 602, 870, 945, 1095.)
CHESAPEAKE & OHIO RY. OF INDIANA.—Owns
Cincinnati, O.,
Indlana-Illinols State Line, 261.66
to
miles; leases Hammond Belt Ry., 3.04
trackage rights, 19.97 m.; total operated, 284.67
miles.
Incorp. In
Indiana July 2 1910 as successor to Chic.
Cln. A Loulsv. RR., sold In fore¬
closure June 23 1910 to Interests Identified
with the Ches. A Ohio. V.
91,
p. 93, 37; V. 90, p. 1675, 1424, 1362.
Stock auth. $3,000,000 and
bonds,
$40,000,000, dated July 1 1910 (present Issue
$8,200,000), all owned by
Ches. A Ohio.
Earnings since July 1 1910 are Included with those
of Ches.
A Ohio. V. 91, p. 802.
Suit, V. 91. p. 870.—(V. 91, p. 870.)
CHESAPEAKE WESTERN RY.—Owns North River
Gap, Va., to
Bridgewater. 14 m.; leases for 99 years from
May 1 1902 Chesapeake A
Western RR., Bridgewater to
Elkton,
27 m.; total, 41 m. Projected to tide¬
water on Chesapeake Bay. and
westerly Into West Virginia coal fields of
which 14 m., from Bridgewater to
North River Gap, Is completed.
In 1908
all the stock and bonds were
acquired by W. E. D. Stokes. V. 86,
p. 1041.
Stock authorized, $50,000,uuu;
outstanding,
$1,419,600; of which $608.400 Is preferred.
Ches. A West. RR. has $533,500
and $31,300
pref. stock outstanding. C. W Ry. mtge. of 1901, common
V. 73. p 899 1356.
Year ending June 30 1909 (41 miles),
gross, $80,011; net. $13,982; other Insome, $34,125; lnt. on bonds, $56,760 (not
paid); taxes and rentals, $38,189:
bal., def., $46,842.
Pres., W. E. D. Stokes, The Ansonia,
N. Y.: Treas.,
W. H. Hall.—(V. 78, p. 2383; V.
86, p. 980, 1041, 1284.)
CHESTERFIELD & LANCASTER RR.—Owns
Cheraw, S. C., to Pageland, 38 miles, an extension of 18 m. from
Ruby towards Lancaster being
completed July 1907.
Bonds (limited to $750,000) are
Issuable at $5,000
per mile.
V 81, p. 1790.
There were June 30 1908 $67,000 debenture
6s
outstanding. Stock, $500,000, a majority being
acquired
In June 1909 by
the Seaboard Air Line Ry.;
par, $25.
For year ending June 30
1910, gross,
$70,984; net, $33,866. In 1908-09,3ross,
$54,247; net, $19,949; charges (?).
Pres.,L. G. Haas; Treas., R.L. Nutt.—(V.
89, p. 40.)
CHESTNUT HILL RR.—Owns from Germantown to
Chestnut
4 m.; being double-tracked
Pa.,
May 1902. Re leased In 1896 to Phlla.Hill,
A Read.
Ry., the rental being reduced from 12% to 6% on
the
stock,
latter
Increased In June 1902 from $120,650 to
being
$195,650.—(V. 75, p. 76.)
CHICAGO & ALTON RR.—(See Map
Toledo St. Louis & Western.) —
ROAD.—Chicago to St. Louis, Kansas Cltv, Ac.. In all 998
mile*.
Road owned—
Miles.
Road owned—
Miles
Chicago to East St. Louis, 111
280 Mexico, Mo., to Cedar
City, Mo.. 50
Sherman, III., to Grove, 111
51 Roodhouse.
Ill., to Kan. C., Mo.-251
Eldred to Barnett
49 Bloomington to
Wann. via Jack¬
Coal City Line, Ind
*.
27
sonville, Godfrey and Upper
Dwight, III., to Washington and
Alton (all in Illinois)
158
Lacon, 111
81 Trackage to
Peoria, III., Ac
lies to Murrayvllle. ill
17
841
Total owned and operated
July 1 1909 (210 m. double tracked)
Also operates jointly with
998
Cleve. Cln. Chi. A St. L. from Wann
St. Louis, 18 m., and with
to East
Atch. T. A S. Fe from Joliet to
Pequot, 20 m.
the Peorta Ry. Terminal Co. is
owned
by
the
and Chic. R. 1. A Pac.
A Alton
Ry., which guarantee the first mtge.Chicago
000 auth. Issue) and
bonds ($1,500,$280,000 2d mtge. bonds.
V. 81, p. 1099; V. 83,
p. 752. 1171. 1291; V.
84, p. 451; V. 85, p. 159.)
In Oct. 1910 acquired the
Toluca Marquette A Northern
to McNabb, Ill., 20.8
miles; McNabb toward Granville. RR., Rutland
Broadus to Henry, Ill., 5 m.,
III., 4.28 m.;
Ac., total, 31 miles. V. 91, p. 1024.
•
11(VN'—The
(old) railway CfflrhpanY was organizcu Tu
1900 and purchn^ed
*uh«U Antlnlly
all the stock of the Chic. A Alton
The two were
R*Urnad.
consolidated in 1906 per
plan V. 82, p. 451, the Railway
changing its name to the C. 8c A.
Railroad.g^V. 82, p. 160; V. 70, p. 686,
995.
m.;
—
sc
51 .000
9.500.OC0
8.200,000
100,000
90,000
264,982
666,uuu
1.419,000
176,000
195,650
19,542,800
19,544,000
879,300
45.350.000
22.000.000
1.666.000
As collat.
2,500,000
47,500
4 g
5
5
5 g
4 A 5
6 g
4 g
5 g
6
See text
4 lu lyio
See text
3 g
3 M g
5
5
5
1.3 >2,000 4
1 356.000
1.312.000
212.000
M
J
J
J
J
.T
F
4
4
4
4
mm •»
m m
[VOL.
4
A
A
A
A
A
A
A
A
Last Dividend
and
N
D
J
D
J
J
A
Places Where Interest and
Dividends are Payable
Maturity
Nov 1 1940
June 1 1944
July 1 1946
June 1 1945
LXXXXI
1
J P Morgan
A Co
do
do
do
do
July 1 1936
.Tan l 1929
Feb 1 1930
do
do
do
A
A
O Oct 1 1938
Oct 1
Oct 1 1988
M A
S Mch 1 1945
F
A A Feb 1 1948
F
A A Aug 1 1945
F
A A Aug 1 1945
A
A O Oct 1 1946
J
A
D •Tune 1 1 "43
J
A
J July 1 1960
J
A
.T July 1911-1912
J
A
D To June 1913
N Y
do
do
do
do
do
do
do
do
do
do
New York Trust
New York
do
do
do
do
do
do
do
Co N Y
•
Varlmm
F
A
A Aug 1 1945
A
A
O Oct 1 1951
F
A
A Aug 1 1955
J—M
F
A
A
J
A
J
J
A
J
A
A
O
J
A
J
J
A
D
M A
S
M A
S
J 16 A D
5 g Various
4 g
J
A
D
d
4^ g
A N
4M
722,000
5 g ■ . A
A
O
verally with Cleveian d Clncin
New York Trust Co N
See text
Y
KnickerbockerTrCoN Y
Sept 6 1910 lh Treasurer’s Office Phlla
Feb 15
10
2
60
July 15 1910,2!?,
July 15 *10, 27.
Oct
1 1949
July 1 1950
Wall
do
do
St
New York
do
do
First National Bank.N Y
do
do
do
do
Junel 1922
Mch 1 1930
Mch 15 1913
60 Wall Street, A Y
To Dec 15 1912 Equitable Trust Co N Y
To Nov 1915
Mercantile Trust Co N Y
Dec *10-June’16
do
do
Mch ‘11-Nov *18
do
do
To Feb. 1910
do
do
To Oct 1 1920
Penn Co for Ina Ac. Phlla
natl Chicago A St Louis
STOCK.—The cumulative 4%
participating and prior lien stock Is enti¬
to prior right to
accumulative dividends at the rate of 4%
per
tled, In addition
annum, to receive additional dividends
equal to the rate of dividends de¬
clared on the common stock of the
consolidated company.
In Aug. 1907,
the Toledo St. Louis A Western
purchased from the Rook Island the con¬
trolling Interest, viz.: $14,420,000 com. and
$6,380,000 pref. stock.
V. 84,
p. 468, 529, 792. Union Pac. owns
$10,343,100 pref. stock. V. 84, p. 1488.
DIVIDENDS. —Semi-annual dividends of 2% on
pref. and participating
and prior Hen stocks,
paid July 1906 to July 1910, lncl., and
In Aug.
1908 1% and In Feb. and
Aug. 1909 and Feb. 1910 2% each extra on par¬
ticipating stock. Dlv. on common, 1%. paid Aug. 15
1908;
1909,
4%
(F. A A.),* 1910, Feb. 2%;
Aug., none. V. 91, p. 214.
BONDS.—First Hen (old Ry.) 3 Ms of
1900, see appUoatlon to list In
full In V. 71, p. 1021, and plan, V.
82, p. 451.
1 ne Railroad (<
ld) mtee securing the 3s of 1899 will
provide funds for lm-
Krovements
and extensions.
In excess of $40,000,000 were to be
suable thereunder
vote of Bonds
two-thirds of stockholders for extensions of
on
not over 500 miles main
track, at not
leased line rental obligations and for exceeding $20,000 per mile, to fund
future
not to exceed
$5,000,000. at not over $1,000,000 per annum, betterments
from Jan. 1 1900.
In July
1909 $45,350,000 were outstanding.
See circular, V. 69, p. 178: also V. 69,
p. 26. 120, 541; V. 70. p. 429, 739, 995; V. 84, p. 480, 507,
626,
803.
809;
V. 88. p. 99, 293.
Stockholders- of Railroad (old) Co. voted on
Sept.
7
1904
to
the
authorize
issue of refunding bonds In excess of the
$40,000,000 then sold and pledged,
viz.. $5,000,000 for betterments and
for
$350,000
purchase of Quincy Car¬
rollton A St L'miIrRv.
V 79. p.211.967
In Mch. 1910 $2,500,000 3-year
5% secured notes were sold, secured by
deposit of $3,500,000 ’‘equipment and Improvement” 5%
bonds, Into which
the notes are convertible at
Notes are subject to call at par after
par.
March 15 1911.
(V. 90, p. 697, 771, 1296, 1424.)
Purposes for which the $18,000,000 New Equip A Imp. Bonds are
Issuable.
To be Issued pledged as collateral for
$2,50<y00 note Issue
$3,500,000
To retire 60% of equipment trusts
maturing in 1910-19
2,940,000
To retire 15-year 5% debenture bonds
1,666,000
Limited annual appropriations for
new acquisitions,
betterments,
Ac.. but not exceeding $3,000,000 to March 1913
9,894,000
LATEST
EARNINGS.—/1909-10...Gross, $13,358,475; net. $4,270,834
12 mos., July
1 to June 30.\l908-09
Gross, 12,500,682; net, 4,711,931
REPORT.—For year ending June 30 1909 was In V.
89, p. 989.
1008-09.
1907-08.
Gross earnings...
$12,500,682
$12,102,790
Operating expenses
7,408,598
7,658,416
Net earnings.
Net Income
Hire of equipment and rental
TdX68
Interest on bonds, Ac
Dividends on guaranteed stocks
Dividends on prior lien stock
Dividends on preferred stock (4%)
Dividends on common stock
.
_
$5,092,084
$5,186,101
$367,537
380,153
2,531,126
241,024
_(8%)70,344
781,760
(4%)781,712
_
$4,444,374
$4,453,623
$167,514
356,733
2,367,440
241,024
(5%)43.965
781,760
(1%) 195,428
Balance, surplus after dividends.
$32,445
$299,759
OFFICERS.—Chairman of Board, Thomas H. Hubbard:
Pres.,
Theo.
P
Shonts; V.-P., Edwin Hawley, Geo. H. Ross and W. L.
Ross; Chairman
Executive Committee, Thos. H. Hubbard;
Treas.,
F.
H Davis.; Sec. and
Asst. Treas.. J. Steuart MacKie.
Directors—F. P. Frazier, J. J. Mitchell. Edwin
Hawley, Thomas H.
Hubbard, Theo P. Shonts, Geo. H. Ross, Joy Morton, F.
H. Davis. Edward
Tllden, Wm. G. Beale and H. E. Huntington.—(V. 91,
p. 1024, 1095.)
CHICAGO BURLINGTON & QUINCY RR.—(See
erates a great system of roads
extending from Chicago Map.)—ROAD—Op
westerly, reaching St.
Paul and Minneapolis. Minn.; St. Louis and Kansas
City,
Denver, Col.; Cheyenne, Wyo.; Black Hills, S. D., ana Mo.; Omaha, Neb.;
Billings, Mont. The
accompanying map shows clearly the system, viz.:
Lines east of Missouri River
Lines west of Missouri River
Miles.
4,350 Lines leased
4,383 Narrow-gauge lines
Miles.
.
-
215
73
Total operated June SO 1909
9,021
In Dec. 1908 $23,657,500 of the $31,000,000
Colorado A Southern com.
mon stock
(practically a controlling Interest) was acquired, affording con¬
nections with the Gulf of Mexico, the C. As S.
system Including trackage
aggregating 2,769 miles. V. 87, b. 1663; V. 88, p. 157,
685.
Extension
from Kirby, Wyo., east to the Powder River, 100
miles. Is proposed, of
which 40 miles under construction.
ORGANIZATION, Ac.—This was a consolidation In July 1875 of the
Chicago Burl. A Quincy In Illinois and the Burlington A Missouri
River In
Iowa
Numerous subsidiary and other lines have since
been merged In
the C. B. A Q.. among them Chicago
Burlington A Northern, Kansas City.
St. Joseph As Council Bluffs, Hannibal 6s
St. Joseph. Burt. A Missouri, dec.
Sioux City A Western Ry., 229 m., was
merged Dec. 1908. V. 87, p. 847.
In 1901 $107,613,500 of the
3110,839,100 stock was exchanged for the
joint 20 year 4% bonds of the Gt. Northern and Northern Pacific, secured
by the deposit of the stock In trust, on the basis of $200 In bonds for
$100
stock.
See circular, V. 72. p. 871, and
application to list, V. 73, p. 293,
and description of bonds under Great
Northern.
CAPITAL STOCK.—The stock has been increased for the
acquisition of
new lines, retirement of over
$15,000,000 convertible debentures. Ac.; In
1880 a 20% distribution was made.
See “Organization” above.
BONDS.
RSAATIOLNWCKDY
1910.J
.
30
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
{For abbreviations, Ac., see notes on first pace]
Miles
Road
Date
Bonds
Par
Value
[Yol. lxxxxi,
Amount
Rate
When
Outstanding
%
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Chicago & Alton—(Con)—
Miss Rlv Br 1st M g assumed s f drawn at 100
c*
Kansas City St Louis A C preferred stock guar.
Joliet A Chicago 7% stock perpetual guar by C & A
Louisiana & Missouri guaranteed preferred stock..
Chicago Burlington A Quincy—Stock
Gen mtge $300,000,0o
lawful
Ce.c*&r*
money
1877
162
37
101
8,495 19T>8
\1,648 J1899
\
11899
1 891 J1879
/
Denver exten (coll tr) bonds s f drawn at 100-NB.c*
xDebentures for Hannibal & St Joseph stock.
c*
xNebraska ext $20,000 p m (s f not drawn) NB.<
xB & Mo RR in NebILand gr s f drawn at 100.
xCon M $14,000,000)
do
drawn since 19
yHannlbal A St Joseph cons M now 1st M
F.c*
K C St Jos A Co B—
Chicago & E Ill—Pref stock 6%
non-cum
....
11879
1881
1881
1883
1,471 1887
370
«
($10,000 pm)
.
.
J1878
11878
289
1881
59
90
1880
1879
$1,000
$27,000
6 g
100
1.750.000
6
100
7
1.500.000
100
329,000
7
100 110.839,100 8 in 1910
1,000 &C 53 680.000
4
1,000 Ac m50.835000
3H
1,000 Ac n34.165.000
4
1,000 b2.277.000
5
9
14
191
...
817
176
817
1880
1881
1884
1887
1887
1885
1881
1905
600 Ac
1,000
e
78,000,000
In Jan. 1909 $20,000,000 general 4s were sold, of which
$13,724,000 were
used to purchase $23,657,500 Col. & South, com.
stock, $6,000,000 for
acquisitions and lmprov’ts and $276,000 to retire old bonds. Y. 88, p. 685.
The Iowa Division bonds are a first mtge. on the main line In Iowa from
Burlington to East Plattsmouth on the Mo. River, 272 miles, and on 621
miles of branches and 86 m. of second track.
These bonds have a s. f. of
1 H% ($203,800) yearly, for which the 4s are subject to call at 100 and
the
5s at 105.
The single main line and branches covered “shall not
exceed In
the aggregate 900 miles” at $16,000 per mile; on second track
additional
$14,000 per mile. V. 65, p. 462.
The Nebraska extension bonds of 1887 are Issued at $20,000
per mile foi
single and $10,000 per mile for second track on not
1,500 miles.
On merger of roads In Nov. 1907 the mtge became exceeding
a direct first lien.
Ab»
struct of deed, V. 45, p. 441; V. 85, p. 721. .
Burlington A Missouri RR. in Nebraska consol, mtge. of 1878 Is now a
first mtge. or first ooll. lien; they are subject to call for the
sinking fund at
par; the “exempt” bonds since 1908; $237,800 retired in 1909.
EARNINGS.—12 mos.J 1909-1Q__Gross, $87,869,517; net,
$24,858,553
July 1 to June 30.
11908-09..Gross, 78,612,629; net, 24,051,632
For 2 mos. ending Aug. 31 1910, gross,
$15,454,409, agst. $14,726,611
In 1909; net, $4,596,944, agst. $4,683,868.
ANNUAL REPORT.—Fiscal year ends June 30.
Report for 1908-09
was In V. 89, p. 1139,1151 (see also
editorial, page 1192), snowing results.
Mall and miscellaneous
Gross earnings
Operating Income after taxes
Other Income
Total inoome
Interest and sinking fund
Betterments
Dividends on stock
1907-08.
Inc. or Dec.
9,282
—3
$52,768,763 $53,0361306
19,797,152 18.819,239
6,848,442
6,603,519
—$267,543
+977,913
+244,923
.$79,414,357 $78,459,064
$21,361,263 $20,005,003
Dr.471,792 Dr.246,612
+$955,293
+1,356,260
—225,180
$20,889,471 $19,758,391 +$1,131,080
8,551,336
7,642,902
+908,432
2,268.816
3,225,995
—957,179
(8)8.867,128 (8)8,867,128
Balanoe, surplus
$1,202,192
$22,367 +$1,179,825
DIRECTORS.—Darius Miner (Pres.), Geo. B. Harris,
Chicago. Ill.; J. J.
HIU, Howard Elliott, St. Paul, Minn.; James N. Hill,
Geo. C. Clark,
W. P. Clough, John F. Talmage, Norman B.
Ream. Geo. F. Baker and
Samuel Thorne, N. Y.—(V. 90, p. 302, 1675; V. 91,
p. 276. 517, 1024.)
_
CHICAGO CINCINNATI & LOUISVILLE
Ry. of Indiana.
RR.—See Chesapeake & Ohio
CHICAGO & EASTERN ILLINOIS RR.—(See Map St. L. A San
Fr.)—
Operates road (double track to Danville Jet., 106 m.) from
Cnlcago, Ill. to
Terre Haute. Ind., and bituminous
coal fields; also to Thebes and Joppa. Ill.
Lines owned in tee.
"
Miles. Branches
to Coal Mines
15
Dolton to Danville, Ill
107 Rossville Jet. to
Judyvllle. Ind.. 14
Danville, Ill., to Brazil. Ind
61 Hunt’s Extension
7
Momence Jet., Ill., to Brazil. Ind. 130 Other
j
Danville Jet., Ill., to Thebes. Ill. 277
Other Trackage, Ac.—
Joppa Jet. to Joppa, Ill
16 Pana. Ill., to E. St. Louis
85
Clssna Jet. to Clssna Park. Ill
11 Chicago to
Ch. A W. Ind. 17
Roseville Jet. to Sldell Jet , Ill... 34 Otter CreekDolton,
Jet. to Terre Haute._
6
Percy Jet. to La Crosse, Ind
46 Other lines
33
Milford Jet.. Ill., to Freeland, Ind. 11
Coal Bluff, Ind., to Casey, Ind...
7
Total operated July 1909
965
Woodland. Ill to Villa Grove... 62 Double track
177
Findley, Ill., to Pana
20
...
...
....
...
HISTORY, LEASES, Ac —In August 1902 the St. L.
A San
Fran, ac¬
quired the greater part of the stock, as said below.
The Chicago A East. Ill. owns $1,000,000 stock of
Chic. A Western Ind.
Special lease of Chicago freight terminals, V. 78. p. 819. In 1904-05
ac¬
quired control of the Evansville A Terre Haute, which forms part of the
through line between Chicago and Evansville. V. 55,
p. 995; V. 81, p. 1239.
STOCK —Common stockoutstanding,
$7,217,800 ($15,000 p m.); pref.
$8,830,700. In addition, $6,408,300 com. Mid $161,300
pref. were held In
trust by Trust Co. of America In
July 1909 as a part of “trust assets” under
agreement dated July 1 1905, for improvements,
acquisitions or refunding,
to be terminated on satisfaction of the St.
L. A S. F. stock trust agreements
below referred to
V. 85, p. 1001.
w
In Aug. 1902 the St. Louis A San Francisoo
RR. gave In exchange for the
com. and pref. stock Its stock trust
certificates at the rate of $100 thereof
fir each $100 share.
V. 75. p. 289. In Jan. 1905 all of the $7,217,800
8.830,700 6 In 1910
6
6
6 g
6 g
5
5
6
4 g
•
various sinking funds)
$175,000,000
Issuable to meet expenses of retiring said prior bonds
2,000,000
Issuable for reimbursing the treasury for outlays already made
by It for betterments and additions ($22,000,000 sold)
45,000,000
Issuable for additions, Improvements and betterments of and
to the mortgaged property (of which $13,724,000 sold)
1908-09.
9,279
183.000
k93 2.800
5
$4,351 .800; f $5,8 16,000 1
88, p. 1060, 11 27. 1559
V
’02to July’07. Oct.’07. ’08. 1909. 1910.
.6 yearly
7 yearly
8
8
8
8
BONDS.—In April 1909 the holders of bonds of various Issues (marked
“x” above) were offered the option of exchange for general
mortgage 4%
bonds on certain terms.
V. 88, p. 1060, 1127, 1559; V. 89, p. 40, 720,
1141.
The general mortgage bonds ($300,000,000 authorized Issue, Interest
not to exceed 5%) are a first lien on about 3,070 miles of road and on retire¬
ment of the outstanding underlying bonds, for which bonds are reserved
as
below noted, will be a first lien on the entire mileage owned,
aggregating
8,495 miles. The bonds have been Issued or are Issuable as follows (see
V. 86. p. 1342, 1466; V. 88. p. 504, 685.)
Reserved to retire outstanding bonds of previous Issues aggre¬
gating $167,565,000 (of which $17,428,300 were held in
Freight
Passenger
J
J
1
1,000
97.000
1,000
91.000
1,000
2.736.000
1.000
27,000
1,000 Ac 19.855.000
1.000
4.626400
1.000
$150,000
1,000 Ac 12.855.000
’99 to Sept.'01.
Miles operated June so
5.020,000
1,000
600 Ac
100
b $723,000and c$5,655,000,canceled, not included, d $2,4 31,000;
i $64,000; k $645,800. xSee option of exchange for genera 1 M 48.
DIVS.11898.
Per ct.J 5 X
7
6
4
4
4
5
4
100 Ac
...
Danville & Grape Creek RR—1st M assumed
c*
First mortgage extension
--.c*
Consolidated mortgage (for $5,948,000) gold.-Ce.c*
Collateral trust bonds sinking fund
c*
General consol and 1st M $30.000,000—..Ce,c*Ar
Chlo & Ind Coal—1st M $25,000 p m assum.-Mp.c*
Evansville Terre Haute A Chicago Income mortgage
Refund & Imp M (text) gold red at 102KBa.xc*Ar*
6
A O Oct
Nov
□—F
Oct
Q—J
F
A A Aug
Q—J
Oct
M
&
S Mch
J
A
J July
J
A
J July
A
A O Oct
A
A O Oct
M A
S Sept
F
A A Feb
M
A N May
M A N May
J
A
J July
J
A
J July
M A
8 Mch
1,000
1,000
C6.098,000
d3.612,000
e7.361,800
1,000
8.510,000
1,000 Ac f 23.134.000
600 Ac gl3.613.000
A
1 1912
60 Wail Street. N Y
1 1910 1H
do
do
3 1910 1 h
do
do
do
1 1910 3 H
do
1 1910
2
N Y Boston and Chicago
1
1958
Bank of Commerce, N Y
1 1949
Bank of Com N Y; & Bos
do
1 1949
do
1 1919
do
do
1 1919
do
do
do
do
1 1921
1 1922
do
do
do
1 1913
do
do
1 1927
do
Bank of Commerce Bost
do
do
Bank of Nor America NY
1 1918
1 1918
1 1911
A
A
D June 1 1920
J July 1 1919
Q—J
Oct 1 1910 1H
M A N May 1 1920
J
A D Dec 11931
A
A O Oct 1 1934
F
A A Feb 1 1912
M A N Nov 1 1937
J
A
J Jan 1 1986
M A N May 1 1920
A
J
J July 1 1955
n
j
sinking fund (canoeled)
V. 89. p. 40.
yV. 91.
Second Nat Bank Boston
Bank of Commeroe Bost
Hanover Nat Bank N Y
Central Trust Co N Y
Fourth Nat Bank N Y
Central Trust Co N Y
do
do
do
do
Metropolitan Tr Co N Y
Farmers’ L & Tr Co N Y
Bankers’ Trust Co N Y
;
g
p
$8,983,800;
1024.
com. and
$6,211,700 of the $8,992,000 pref. had been exchanged on this
The St. Louis A San Fran, has the
option to retire the trust certifi¬
cates at any time at $250 per $100 com. stock
trust certificate and $150 per
$100 pref. stock trust certificate, payable in
gold, and obligates Itself to pay
off entire Issue In 40 years from July
1 1902 at same rates, meanwhile odIIgating Itself to pay 10 % dividends on the com. and 6 % on the
trust
certificates, respectively, these amounts being equivalent to 4 pref.
% on the
principal sum to be eventually received In payment therefor. Upon fail¬
ure to pay any dividend within 30
days after demand therefor, any holder
may surrender the certificates to the trustee and receive the shares
repre¬
sented thereby.
V 75, p. 289 393. 1031; V. 82. p. 48.
A majority of
common stock trust certificates were In 1905
exchanged for certificates In
denominations of $1,000 each, representing 4 shares of common stock, bear¬
ing 4 % Interest, and payable In 1942 at face value
See form V. 80. p 1856.
DIVS. (%)— 1 ’00. ’01. ’02. ’03. ’04. *05. '06. *07. ’08. ’09.
1910.
On preferred.) 666666666
6
6
On common..j
4H 5H S
6
8
5
8
10
10
7
10 (Incl.Dec.)
BONDS.—The general consol, and 1st mtge. of 1887
(trustee. Central
basis.
Trust Co.) provides for the retirement of $6,307,000
prior bonds and for
Issue of bonds on new road at $18.000
mile for single track; also for lands
for equipment at $7,000 per mile andper
for double track at $8,000 per mile.
In 1897 the gen. consols were limited to
$30,000,000. See V. 64, p. 1088;
V. 78, p. 1446; V. 79. p. 1331; V. 80.
p. 1728; V. 84. p. 1550: V. 85. p.
1645.
Series B equip, bonds mature $57,000 each June and Dec. and
{56.000
eachE,March
and Sept.;
Series
C. $53,000
J-J; Series
D, $15,000
-J; Series
$125,000
Feb. and
Aug.;
Series e-a.,
F. $220,000
F-A.
Of the refunding and Improvement cold 4s of 1905 ($55,000,000 anth.
Issue), $7,51m,000 are reserved for additions and improvements.
Including
equipment, and $34,626,000 to retire. $ for $, $30,000,000 gen. consol,
and 1st 5s of 1937, Issued and issuable, and
$4,626,000 Chicago A Ind.
Coal Ry. 5s. V. 80. p. 1424; V. 81. p. 1436; V. 88.
p. 451; V. 90. p. 558.
EARNINGS.—12 mos.,(1910
Gross, $11,750,355; net. $3,796,371
July 1 to June 30.
(1909
Gross,
10,269,619; net,
3,335,085
For 6 mos. ending Dec.31 1909.net, $2,122,062,agst.$1,598,097 In
1908;
other Income, $366,827; int., taxes and rentals,
$1,667,112; ditrs. (6% on
pref. and 5% on common), $625,811; bal„ sur., $195,966.
.
.
REPORT.—For 1908-09
Years ending June 30—
was
In
“Chronicle,” V. 89,
1908-09.
Operating revenue
p.
1218.
1907-08.
.-..-$10,269,619 $10,742,731
Operating inoome (after taxes)
3,060,971
3.029.352
Net (Including other Inoome)
3,646,574
4,018,851
Interest and rentals
2,951,403
2,882,624
DIv. on pref. stock, 6%
529,842
529,842
Div. on common stock
(2)144,356 (10)721,780
“
Inc. or Dee.
-3473,112
+31.619
—372,277
+68,779
—577", 4 24
Balance for year
sur20,973 def$115,394
+136,367
OFFICERS.—Chairman Ex. Com, and Board. B. F. Yoakum, N. Y.;
Pres.. B. L. Winchell, Chicago; V.-P., 0 W. Hillard, N. Y.; Sec., J. S.
Ford, Chicago; Treas., J. P. Reeves, Chloaco. N. Y. office, 71 B’way.—
(V. 88, pV374, 451, 1127; V. 89. p. 1*18-V. 90, p. 559.)
CHICAGO & ERIE RR.—(See Map Erie RR.)—Owns from Marion, O..
to Hammond. Ind., 249 miles, and leases
trackage over Chicago A West Ind.
to Chicago, 20 miles.
Erie RR. Co. owns entire $100,000 stock.
BONDS.—The first mortgage (trustees Central Trust Co and Edward
Daniels) covers 249 miles of road, the contract with the Chicago A Western
Indiana, $1,000.000 of that company's stock and $240,000 stock of Chicago
Belt Ry.
See abstracts. V. 51, p. 911; V. 61, p 750.
EARNINGS.—12 mos. J1909-10.-...Gross, $5,152,167; net, $1,067,784
July 1 to June 30.
\ 1908-09
Gross, 4,289,969; net,
633,558
For year ending June 30 J909, gross. $4,289,969; net, $633,558; other In¬
come, $94,299; int.,taxes, Ac., $1,160,017; Imp.,$14,194; bal.,def.$456,354.
CHICAGO GREAT WESTERN RAILROAD.—(See Map.)—Forms the
from Oelweln, la., northerly to St. Paul,
easterly to Chicago and southerly and westerly to Kansas City and Omaha;
“Corn Belt” route, radiating
Lines owned (total. 735 miles}. Miles.
Chicago to St. Paul
Oelweln to St Joseph
Bee Creek to Beverly
Sumner to Waverly—
Mantorville and
Cedar
branches
-
Falls,
14
Trackage (total, 75 miles)—
St. Paul to Minneapolis
11
Chicago Terminals
10
Galena Jet.. Ill., to Dubuque. Ia. 14
Des Moines Terminals
3
Beverly to Kansas City
28
St. Joseph, Mo., to Bee Creek..9
-
operated under agreement.
400 Mason
290
23
22
City
A
Fort
386 miles, viz.:
Miles.
J
Dodge.
Oelweln, la., to Coun’l Bl’fs.
259
Hayfield. Minn ,to Clarion .la. 100
Branches to Lehigh and Coal,
vllle, Iowa
19
Trackage—
Council Bluffs, la., to So. Oma¬
ha, Neb
8
Wls.Minn. APac.RR.,271 miles,
Mankato to Red Wing, Minn.
96
Red Wing to Osage, Ia
118
Winona to Simpson, Minn—
54
Branch to Clay Banks, Minn.
3
De Kalb A Great Western..
6
Grand total embraced In earnings
w ......... * .... ... 1,487
The entire capital stocks of the Mason City A Fort Dodge RR. Co. and
the Wisconsin Minnesota A Pacific RR. Co. are owned and their roads oper¬
ated under agreement. See those companies. In July 1910 acquired the
entire stock of Leavenworth (Kan.) Terminal Ry. A Bridge Co. V. 91,
p 214, 397.
ORGANIZATION.—Incorporated In Illinois Aug. 20 1909 as successor,
per plan V. 88, p. 1497, of railway of same name
acquired at Judicial sale
by J. P. Morgan A Co., reorganization managers. V. 89, p. 528, 592.
A syndicate provided the cash requirements of the
plan—$24,892,274
(including $9,892,274 for Improvements and equipment)—receiving therefor
$18,500,000 new first mortgage 4% bonds, $10,136,604 pref. and $31,641,333
oommon stock voting trust certs., the stock trust certs,
being offered to
holders of old pref. B and oommon stock on payment of assessments of $15
32
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Miles
Road
Date
Bonds
Chicago & Eastern Illinois—<Concluded)—
Oar
trusts including Int Oot
*10. due $10,021 m’thly
Equipment bonds Series C ft D due $68,000 sem-an
Par
Value
1903
1905
1905
1906
do
do
do
Series B due $125,000 s-a (V 81 p 1043) .Ba
Series F due $220,000 s-a (V 82 p 750) .Ba
Series G due $124.oon s-a (V 86 p 1284)-B.'
Chicago ft Erie—1st M g lnt guar till prin paid...Ce.c*
Income bonds tor $10,000,000 5% non-cum
N
Terminal first mortgage gold
Chicago ft Grand Trunk—See Grand Trunk West Ry
249
249
Amount
Outstanding
1,000
1,000
1,000
19 *7
1
1890
1890
1888
1.000
1,000 ftc
$327,453
612.000
1.250.000
2.420.000
1.736.000
12.000.000
10,000,000
300,000
Chicago Great Western—
Common stock, $46.000.000
Pref (also as to ass.) 4%, cum red $50,000,000
autb
First mortgage, gold, $75.000.000
S.xc* &r*
749
Minneapolis Terminal mortgage gold assumed
lingo ft Great Western—See salt ft O Chicago Ter RR
igo Hammond ft Western—See Indiana Harbor Belt R
igo ft III Mid—1st M $5,000,000 g red text. [C.c*
26
igo ft III W—Gen (new 1st) M ggu red par. AC.xc*
igo ft Indiana Coal—See Chicago ft Eastern III
Ind ft So—Ind Ill ft la 1st M $12,000,000 g.IC.c*
203
jnsol mtge $20,000,000 gold gu
p ft I..u.xc*ftr
329
Chicago Indianapolis ft Louisville—Common stock—
Preferred 4% non-cumulatlve $5.000.000
L N A ft C 1st Main Line—1st M Chic ft Ind Dlv
162
gc*
BLOI ft L refunding mortgage $10,300,000 gout
Ce
509
"hi do
do
gold 6s Issued tor old consols
509
M* do
do
SerC
509
BiOon stone Co 1st M gold guar p ft 1 callable
a Indiana Stone HR first
mortgage guaranteed
Pflndlanap ft Loulsv 1st M $6,000,000 gold gu—S.c*
60
Chicago Indianapolis ft St Louis Short Line—See Ole veand
Chicago Junction RR -1st M $2,327.000 e red 105 .c*
Chicago Kalamazoo ft Saginaw—1st M $2,000,000 g G
55
Chicago Lake Shore ft East—1st M g. gu. red text, _xc*
Chic Memphis & Gulf—1st M g red 105 aft Jan *12_Ba
31
a^OCwhlch $125,000 In^treasury June 30..1910
—
_
_
1909
1900
1,000
R
1906
1907
1,000
1,000
1900
1906
1,000
1,000 ftp
•
••
100
100
•
_
*
«...
t
t®
100
100
$. fi ft fr.
*
1881
1897
1897
1897
1900
•
••
1,000
1.000
1.000
1,000
1,000
1,000
1.000
natl Chi
•
1906
Clncin
1905
I .OOO
1909
1909
1910
1.000 ftc
1.0'MI
1,000
per share, and affording the shareholders their
only opportunity to partici¬
pate In the reorganization.
Rate
%
[VOL.
When
Payable
Last Dividend
and Maturity
LXXXXI.
Places Where Interest emd
Dividends are Payable
To April 5 191* First Nat Bk, Chicago
J To Jan 1 1915
Blair ft Co, New York
A Feb ’ll-Aug *15
do
do
A Feb Ml Feb *16
do
do
5 g
\
(
Bank; r-»’ Trust Co N Y
Apr 11 Oct ‘17
5 g
M
N May 1 1982
Erie Railroad New York
Mostly o wned by Oct 1 1982
Erie Railroad
5 g
J
ft
J July 1918
Erie Railroad New York
J
4H
H g F
4)4 g F
4
ft
ft
ft
ft
ft
45,246.713
41,021.402
2j,500;000
4 g
M
3H g J
ft
ft
780.000
815,000
5 g
® t
F
J
ft
ft
A Feb 1 1956
J July 1 1947
4.850.000
4 g
4 g
J
J
3 H in’09 J
5.000.000 4 In 1909 J
2.300.000
6 g
F
5.000.000
5 g
J
4 700.000
6 g
J
3.000.000
4 g
J
13,000
6 g
M
In treasury
5 g
M
al .650.000
4 g
J
cago ft St L ouis
2 327 000
4 g
M
1,280,000
4 g
J
9,000,000
4 H K J
350,000
J
5g
ft
ft
ft
ft
ft
ft
J
J
D
D
A
J
J
J
N
S
J
500,000
15.150,000
10.500.000
ft
ft
ft
ft
ft
ft
ft
ft
ft
S Sept 1 1956
J Jan 1 1950
J. P. Morgan ft Co
Bank of Montreal, N Y
Chase Nat Bk N Y: or Oh
Amer Trust ft Sav Bk Eh
July 1 1956
Lincoln Nat Bank, N Y
Jan 1 1951
Treas Grand Cent Stefa
June 28 *10 1H J P Morgan ft Co fT Y
June 28 *10 2%
do
do
Aug 1 1911
do
do
July 1 1947
do
do
July 1 1947
do
do
July 1 1947
do
do
1
May
1920
Amer Tr ft Sav Bk Chi
Sept 1 1948
New York
Jan 1 1956
Standard Trust Co N Y
s Mch 1 1945
J July 1 1959
D June 1 1969
3 Jan
1 1940
N W Harris ft Co
New York
71
Chicago
Broadway, N Y
Bankers' Trust Co, N Y
A lease for 999 years with
Chicago ft Western Indiana (of whose stock this
company owns $1,000,000) gives entrance to
Chicago on a mileage baste.
Owns one-third Interest In
Kentucky ft Indiana Bridge at Louisville, Ky.
Owns entire stock of
Indianapolis ft Louisville RR., projected from at or
near Indianapolis to
Evansville, ftc.. of which 55
from Wallace Jet.,
Ind., to Shirley Hill, was opened Oot. 1 1907 andmiles,
the branch from Vlehiburg to Cass, 5 miles. Deo. 1 1907.
Under supplemental lease dated
10 1907 bonds are guar.,
May
prin. and Int.
See "Bonds" below.
V. 82, p.
509; V. 83. p. 888. 1290; V. 85. p. 920; V. 87.
p. 809; V. 88. p. 99.
STOCK.—The pref. stock ($50,000,000 auth. issue) will be entitled to
dlvs. at 4% per ann. to June 30 1914 and to cum. dlvs.
thereafter
at that rate ahead of the com. stock, and
also to a perference as to
principal
and accrued dlvs. In case of dissolution or
liquidation.
If and when per¬
mitted by law, the new
company
will
have
the
right to redeem the pref .stoo't
at par and accrued dlvs.
No additional mtge. shall be created nor shall the
pref. stock be Increased without the consent of a
majority of the pref. stock
outstanding or voting certificates therefor.
HISTORY.—Successor July 1 1897 of Louisville New
Voting Trust.—All stock (except shares to qualify directors) shall
Albany ft Chicago,
tor
foreclosed per plan In V. 63, p. 922.
five years be vested In J.
Suit settled. V. 75. p. 1031.
Morgan, George F. Baker and Robert
In Aug. 1902 the Louisville ft
Nashville and Southern Ry. acquired 93%
Fleming, as voting trustees,Plerpont
with power to QU vacancies and all other powers of $10 500.000
com. and 77% of $5,000,000
to be stated in the voting trust
pref. stock, on the basis of $78
agreement.
Upon the written request of and $90 per $100 share respectively In their Joint
holders of a majority of the
50-year 4% collateral trust
outstanding
pref.
stock
voting-trust
gold
bonds
at
oerts.
par, secured by the stock acquired.
and of common stock voting-trust certs to
See description of bonds
an amount sufficient, with such
under Louisville ft Nashville.
V. 74, p. 1088, 1138; V. 75.
majority of such pref. stock, to constitute a majority of
p. 28.
all
the
stock
then
held by such voting trustees, the
voting trust shall be terminated.
DIVIDENDS.—On pref., 1899, 1%; Oct. 1900 to June
The total fixed charges of the new
1910,
both inclu¬
sive.
4%
per
annum.
On
company for rentals and Interest, in¬
com., 1902. 1%: 1903 3 H %; 1904. June. 1
cluding Interest on bonds of subsidiary
H%:
Dec., 1X%; 1905 to 1908, 3% yearly; 1909,
cos., after all the $28,000,000 new
&H%
(J.
ft D.); 1910, June.
bonds are outstanding, will approximate
1M%.
$2,480,000.
BONDS.—Of new first 4s. $18,500,000 were sold to the
BONDS.—Refunding mortgage covers road, equipment, ftc. (Including
and the
remaining $9,500,000 of the $28,000,000 present Issue willsyndicate
$1,000,000 stock of Ch. ft W. Ind. and $240,000
be sold tor addl
stock of the Belt Ry or
tions and betterments, as
required, say, within the next two or three yean
total authorized Issue is $15,000,000. of which
Chicago);
Of the bonds, $18,232,000 are reserved
unissued balance Is
reserved
to
take
tojretlre
the
up
1st
$2,300,000
divisional bonds due Aug. 1911. V. ft.
mtge. bonds of the
Mason City ft Ft. Dodge and Wise. Minn,
ft Pao. ($12,000,000 and
p. 1613; V. 91, p. 518, 1295.
$6,232,
000 respectively), ana the remainder for
new property, betterments and
Indianapolis ft Louisville guaranteed bonds, of which
$1,500,000 sold la
equipment. V. 89, p. 1482; V. 90, p. 53.
Feb. 1906 tor 60 miles of road; balance
Issuable at $30,000 per mile. See
above.
V. 82. p. 508; V. 83. p. 1290.
BARIflNGB.—3 mos.,/1910..—
Gross. $3,179,914; net, $898,516
July 1 te Sept. $0. 11909
EARNINGS.—2 mos., 11910
Gross, 2,859,294; net. 783 689
Gresa. $1,141,924; aet, $425,659
July 1 to Aug. 31.
J1909—
Gross, 1.018,532: net. 389,965
la
v*1®*461 ln 3 months of 1910, against $10,512
ANNUAL REPORT.—In V. 91, p. 866. showed:
REPORT.—Report tor 10 months
Year end. June 30—
June 30 1910 In V. 91, p
1909-10.
<1908-09.
1907-08.
showed: Gross earnings. $10,171,783; ending
1906-07.
Gross earnings
net. $2,140,685; other Income, $170,$6,020,242 $6,319,386 $5,167,166 $5,988,867
758; interest on bonds. $1,220.672; rentals and
Net
earnings
.other fixed charges. $634,996;
1,803,453
1.404.792
1,163,702
balance, surplus, $455,775.
1,825,416
Dividends, ftc., received
237,95$
252,301
272.423
261,166
OFFICERS.-Pres., S. M. Felton; V.-P.. Joseph W. Blabour Sec. and
Total net inoome
Treas.. J. F. Coykendall; Auditor. J. W.
$2,041,408
$1,657,093
Newlean.
$1,436,125
$2,086,502
Office. Chicago. III.
Interest on bonds
“"""V
wig
fill*)
774.036
772,100
772.100
772,166
Rentals, ftc
405,792
CHICAGO ft ILLINOIS MIDLAND RY.—Owns
882.107
301,662
319,456
ville, 26 miles, of which 17 miles was opened June Auburn. III., to Taylor
1907.
Total
Stock authorized.
$1,179,828 $1,154,207 $1,073,763 $1,091,566
$2,000,000: outstanding. $1,000,000 (par of
shares $100), a majority
Surplus for dividends...
$861,580
owned by Illinois Midland Coal
being
$502,886
$362,362
$995,026
Interests.
The
bonds
Dividend
are
on
pref., 4%
on terms to be fixed for the
subject to call
200,000
200,000
200.000
several Issues; the $780,000
200,006
Dividend
on
bonds
Issued
on
the first 2$ miles may be called at 110
oommon.(3)4)341,250 (3Mf)328,250
(3)315,000
on any Interest
(3)315,006
day since Aug. 1 1910.
See Y. 82, p. 452. 803.
For year ending June 30
OFFICERS.—Pres., Fairfax Harrison; Y.-P.. Morton F. Plant,
1909, operating revenue,
$77,006; net after taxes, $6,936. (V. 82,
New York; E. 0. Field, Chicago;
p. 803.)
Treas., Byron Cassell, 198 Custom House
CHICAGO ft ILLINOIS WESTERN RR.—To
Place. Chicago; Gen. Mgr., B. E. Taylor. Chicago;
Sec.. J. A. Hilton. 52
extend from Western Ave..
Broadway, N. Y
Chicago,.southwesterly to Joliet, Ill., with branches,
Directors—Fairfax
Chicago: W. W. Finley,
a total of 54
which 22 miles In operation.
of Washington, D. C.; Chas. Steele, R. M. Harrison.
Extension proposed Gary to Joliet. miles,
Gallaway, Morton F.
V. 83.
Walters, Adrian Iselin Jr., New York; W. H. MoDoel. E. O. Plant, Henry
p. 491. Stock. $10,00,000. as Increased Aug. 1907;
Field, F. A.
par, $100. Of the een
6s of 1907 ($4,000,000 authorized
Delano, Chicago; Samuel T. Murdock. Lafayette,
Issue), $815,000 wen outstanding In
Ind.—(V. 91, p. 462,
Mai^ 1909. guaranteed prin. ft Int. by Dolese ft Shepard Co., Chicago. 518, 790, 868. 1095.)
Y* ^kP*„£85* For year ending June 30 1909, $137,794;
CHICAGO JUNCTION RR.—An elevated road, 3.75 miles of
track
o6’?9?- In 1907-08, gross,
(opened April 1908). extending from Junction with South Side Elevated
$23,038; balance, surplus, $43,260.$153,165; net, $66,298; fixed charges, at
RR.
Pres., W. E. Phillips. Office. 184
40th Street to the Stock Yards.
La Salle St., Chicago,
Leased to South Side Elevated for
IU.—(V. 88, p. 685.)
50 years (with right to purchase at
<4 4 4 $ h 1 *
cost within 20 years) at a rental
’
CHICAGO INDIANA ft EASTERN
covering bond Interest and all expenses. Capital stock, $50,000.
RY.—Owns Converse. Ind., to w
Bonds
Muncle, 43 ml lea. In May 1907 the
guaranteed, prin. ft lnt., by Chicago Junction
Pennsylvania
Co.
Railways ft Union
the
acqutred all
se¬
curities. the road being operated as part of the
S ock Yards Co.; they are subject to call at 105
Pitts CIn. Chic, ft St. Louis.
after 1910.
Form
of
V. 84, p. 1181, 930.
guar¬
For cal. year 1909.
anty. V. 82. p. 568.—(V. 85, p. 792; V. 87, p. 346.)
gross, $74,2 20; op. def.. $18,132;
other income, $80; charges,
$35,132; ba!., def., $53,184.—(V.
CHICAGO JUNCTION R \1LWAY.—Owns Inner line within the
84. p. 350.)
Chicago
Union Stock Yards district, 11.81 miles, side and
CHICAGO INDIANA ft
industrial tracks. 118.58m.
RR.—(See Maps N. Y. Cent. A
Hud. Riv. RR.)—Owns fromSOUTHERN
In June 1907 the Vauderbllt (New York
South Bend, Ind., to
Central) interests arranged to
(former
III., 102 m
acquire the outer belt line, assuming the $2,500,000
Jnd JU* * Iowa RR.): Danville. Ill., to SeatonvlUe.
outstanding bonds,
Indiana Harbor. Ind
109
leaving property free of Hens.
V 85.
non-cum.
***** *******'
v •
..
m«kbran.che8,J18
trackage. 28 m.; leases, 8 m.; total, 353 m. Also
20 m. leased to m.;
other companies.
A consolidation April 1006
of the Ind. III. ft
Iowa, Ind. Har RR. and
V*
8.2, P* 803, 867. Stock, $20,000,000. of
which $5,000,000 Is 4% cum.
pref.
Lake fehore ft Mich.
Southern owns
$17,000,000 and Michigan Central
owns
ooutnern owns
$3,000,000.
the4sof
.
ft Mich.
1906($20.000.000),guaranteed by the Lake
to retire the 4s due July 1
Shore
1950
South.,^$4.850,000 are reserved
Jointly with
four other road* covenants to
pav the N. Y
Central Mne«
OOO)
equlp
trusts of 1907 and 1910. the company's share
leased being about $4,000,000
of equlp’t
and $1,200,000
V. 85, p. 1401;
V. 86, p. 168; V. 90, p.
respectively.
1677.
($30.pOO
EARNINGS.
mos.,/1910—
Jan. 1 to Aug. 31. 11909
Gross,
Gross,'
,
REPORT.—Report
6nd
$2,435,599;
net,
1,963,723; net,
tor year end. Dec. 31 1909 in V
90
d
$610,454
401,595
692 Rhowed-
the
Louisville, Ky., with branches. The
system Inoludes:
_Miies-1 Oper. under contract—
State—tUa# t0 IndianI Chicago to Indiana State
Line
i
—
1621New Albany to Louisville.__
ORy—289
i
Bedford to Swltz
Orleans
to
.
_
City
French Lick
40
Connection
Indianapolis
Clear Creek In
to HarrodshV
Springs.. 181Swltz City to
Total of all June 30
1919
Miles
.
-
_
ind
II
20
6
2
a
10
I Wallace Jot. to ShirleyLinton.."!
Hill ft br..60
west of
........
"ole
p. 159, 792.
CHICAGO KALAMAZOO & SAGINAW RY.—Owns 44
m., Kalamazoo
to Woodbury, Mich., having sold the 11 miles from
Kalamazoo to Pavilion
In Sept. 1910. Acquired in Dec. 1906
by Mich. Cent. (New York Cen¬
tral sy<**"n), hut will Iw operated independently
84
V
p. 50
Stock,
com., $2,000,000; outstanding, $450,000* par of
shares, $100. Lake Shore
ft Mich. So. owns $180,000 stock and $507,000 1st M.
bonds. V. 90, p. 708.
In 1909, gross, $204,115; net. $58,361; tnt. and
rentals, $30,341; bal., sur.,
$28,020.
Pres., H. B. Ledyard, Detroit; Sec., F. O. Waldo; Treas.,
J. E.
Griffiths.-(V. 61, p. 1063; V. 84. p. 50.)
CHICAGO LAKE SHORE & EASTERN RY.—Embraces 331 miles
ef
track, connecting the various works of the Illinois Steel Co. and
Indiana
Steel Co. at Chicago, Joliet, Milwaukee and Gary with
diverging trunk lines,
and also with steamship lines, stone quarries, Industrial
establishments,
ftc.; also, by lease and trackage rights over 74 miles of
roads, reaches the
coal fields of Illinois and Indiana, and Joliet, Ill.,
handling between South
Chicago and these points a large traffic for the Illinois Steel Co.
Stock.
$9,000,000, being Increased from $2,760,000 In June 1909; all owned
by
the Illinois Steel Co., and so by the United States
Steel Corp., which, with
the Elgin Joliet ft Eastern, guarantees the
bonds, prin. and Int., by endorse¬
ment.
The last named leases the road for 60 years from June 1
1909, rental
covering all charges and dividends on stock dependent on
earnings.
See
V. 90. p. 108.
Dividends paid In 1909, 10%.
Bonds are redeemable in whole or
part
from
Dec.
1
1919
at 110 and Int.;
they are limited to $20,000,000 and further Issues of bonds
beyond the
$9,000,000 now outstanding can he made only for 50% of cost of
property.
V. 88, p. 1372; V. 89. p. 224, 1410.—(V.
90, p. 108, 1170.)
CHICAGO MEMPHIS & GULF RR.—Dyersburg. Tenn., to Tipton
ville.
Tenn., 31 miles. An extension from Tlptonvtlle to
Hickman, 21
mostly completed July 1910. The entire line as projected will extend mllee.
from a
point on the Ohio River to Memphis, Tenn.
In Oct. 1909 stock acquired by
new parties and name
changed Nov. 1 from Dyersburg Northern RR. V. 89,
34
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., tee notes on first pace]
Date
Bonds
Miles
Road
Chicago Milwaukee ft Gary—1st M $20,000,000 g red
105 beg 1018
SStxc*
Milwaukee ft St Paul—Com stock (see text),
lerred stock 7% yearly not cum $124,854,400..
Lacrosse ft Davenport Dlv first mtge
.—F.c*
Par
1908
Chicago ft Lake Superior Dlv 1st M gold
.
F.c*
Wise ft Minn Dlv first mortgage gold—
F
Fargo ft Southern first mortgage gold assumed
Ohio Mtlw ft St P Terminal mortgage gold
F.c*
Dakota ft Great Southern first mortgage gold
F
Chicago ft Missouri River Dlv first mortgage..F.c*
General M (for $150,000,000) gold Series A.Us.c*ftr
do
Series A registered
do
do
do
Series B
...o*
do
do
Series B registered
Mtlw ft Nor 1st M Schwarts to Gr Bay ext 1910..c*
Consolidated mortgage
c*
Debentures $50,000,000 auth gold
Fxc*r*
Debentures $50,000,000 auth
Usm.x
8lie
MU ftw ftN Puget
Sd—1st
$200,000,000auth
auth.. (Js
ilcago
stock M
W—Com
Tr
$177,804,880
Preferred
(not
stock
Chic ft N W
con s
cumulative) see text
f M ($12,900,000) not dr
Tr
F.c*
Cedar Rapids ft Missouri River—1st M 3d Div—
Madison Exten 1st M g (s f $23,000 not dr)_.F.c*
Menominee Ext 1st M g (s f $26,000 not ar)..F.c*
Northw Union 1st M g Milw to Fond-du-Lac_F-c*
Winona ft St Peter 1st M ext g land gr s f ass.-F.c*
185
181
851
1879
1880
1880
1881
1881
1881
1883
1884
1888
1888
1889
1899
1889
1899
1880
1884
1909
1910
1909
1.117
88
230
119
159
77
6.859
5.859
5,859
5,859
128
382
1,489
7,390
7,390
128
120
140
175
Also July 1909 additional general mortgage b onds 1
Also In sinking fund July 1910: b $172,500; c $150, 500; d
l,000ftc
p. 993,1280. Stock auth., $1,000,000; issued, $300,000; par, $100.
Bonds
($10,000,000 auth. issue) are subject to call at 105 after Jan. 1 1912; issued
$350,000 to retire old bonds and all debts; reserved for terminals, Ac., $1,750,000, and remaining $7,900,000 at not to exceed 85% of cost of new con¬
struction, or over $20,000 per mile.
V. 90, p. 108, 302; V. 91, p. 153.
For
6 mos. ending Dec. 31 1909, gross, $54,062; net, $22,753; lnt. and taxes.
$9,874; bal., sur., $13,379. For year ending June 30 1909, gross, $68,113,
•gst. $57,693 In 1907-08; net, $28,576, agst. $24,813; lnt. and taxes, $18,784; bal., sur., $9,792. Pres., S. G. Latta; V.-P., E. Rice, both Dyersburg,
Tenn.; v.-P., John H. Watkins, 2 WaU St., N. Y.; Sec. and Treas., J. C.
Doyle, Dyersburg.—(V. 90, p. 108, 302; V. 91. p. 153.)
p.
„
pref. and $33,241,100
.
*01.
6
7
'02-’09.
7 yearly
7 yearly
1910.
7
7
BONDS.—Abstracts older mtges., V. 45, p. 114,144, 212; V. 48.
p. 830.
The general mortgage of 1889 (see abstract In V.
48, p. 830) is for $160.000,000 to the United States Trust Co. of New York, as trustee, and covers
the entire railway property and franchises of the
company (therein de¬
scribed) subject to prior liens which are paid as they mature.
In July 1910 gen. mtge. bonds were issued or reserved as
follows;
Amount In the hands of the public
257 791 ooo
In treasury of the company (unsold)-.
28,636,000
Total reported by the company as outstanding.—
Reserved for prior Hens
Remainder
—
T86.427.000
$60,498,000
3,075,000
Total authorized
$150,000,000
In Dec. 1909 $25,165,000 gen. mtge. 4s were
sold, chiefly to
357.000 old bonds and for new lines, second main track andpayoff $12,additional
equipment.
V. 89. p. 1279, 1541, 1596. 1667.
In 1909 $28,000,000 of an authorized issue of
$50,000,000 4% 25year debentures were sold.
They are to be included In any new mtge.
V. 88. p. 1559: V. 89, p. 1223, 1346.
9
^
sold to a sroup of French banks 250,000,000
francs ($50.000,000) 15-year 4% debentures. They are to be secured
by any new
mtge.
None of the Chic. Milw. A Puget Sound Ry. stock now
owned or
hereafter acquired is to be sold while the bonds are
outstanding. V. 90. d
1424,1489.1554; V. 91, p. 38.
..9ENERAL FINANCES. Ac.—The company owns all of the $100,000 000 stock and the $123,000,000 1st M. 4s of
the Chicago Milw. A Puget
Sound Ry., which see below.
In 1909 the Union Pacific system
*
(Oregon Short Line) owned $1,845,000
V. 87, p. 1549.
The refunding at 4% of the $22,097,000
5, 6 and
191Q effects an annual saving of $460,440. V. 89. 7% bonds maturing in
p. 1279.
pref- stock;.
^JNINGS
—2 BsoSjri 1910——Gros
^$11.389.843;
July 1 tolAug.S31.Hl
1909
net, $3,290,439
;Grosi,£ 10,769,459r net, 3,329;783
do
do
do
do
do
1 1916
1
1
1
1
1926
1989
1989
1989
1 1989
do
ao
do
do
do
do
do
do
do
do
do
do
do
n $1.08 9,000 additional In treasury.
eglstered Q—J.
Total earnings
1909-10.
7,512
—
1908-09.
7,512
1907-08.
7,499
$14,786,744 $12,774,852 $11,883,395
44.909,137 42,341,651
40,426,880
5,151,013
4,780,960
4,622,346
-
..$64,846,694 $59,897,463 $56,932,621
$8,472,825 $7,288,603 $6,451,586
7,724,569
7,270,774
7,079,774
27.469.993 23,098,477 22,628,232
2,529,373
2,428,676
2,304,963
1,123,610
1,073,385
1,004.120
Total..
Interest on funded debt
Interest on European loan....
Dividends on preferred (7%)
Dividends on common (7%)_.
$47,320,370 $41,159,914 $39,468,331
$17,526,524 $18,737,549 $17,464,290
207,620
179,683
373,955
804.880
6,059.496
895,067
50,686
655,797
$25,493,587 $18,967,918 $18,494,042
$6,651,215
$5,855,717 $5,916,760
—
160.589
8,115,233
8,116.220
Total deductions
5,806,780
6,966,743
3,495,373
5,817,381
$23,043,257 $18,629,240 $15,229,514
Balance, surplus—
$2,450,330
$338,678 $3,264,528
OFFICERS.—Chairman. Roswell Miller, 42 Broadway, New York;
Pres., Albert J. Barling, Chicago; Treas.. F G. Ranney, Chicago; Gen.
Mgr., D. L. Bush: Sec., E. W. Adams, Milwaukee. Wls.
M
Directors—Roswell Miller, New York; A. J. Eariing, Chicago; jl. j.
Petit. Milwaukee; J. Ogden Armour, Stanley Field, Chicago; Frank S.
Bond, William Rockefeller. Donald G. Geddes, John A. Stewart. Percy A.
Rockefeller, Walter P. Bliss, Charles W. Harkness, John D. Ryan, New
York.
N. Y. office, 42 B’way.—(V. 91. p. 38. 651. 870, 1095.)
CHICAGO MILWAUKEE ft PUGET SOUND RY.—(See Map.)—This
road forms the Pacific extension of the Chicago Milwaukee ft St. Paul
Ry..
oompleted through to Seattle and opened July 1909. Extends from
Mobrldge.S.D., to Seattle and Tacoma, 1,463 miles. Including 66-mile Lewis¬
ton branch, of which 26 miles from main line to Tacoma is owned
jointly
with Union Pacific and 35 miles is trackage.
In Oct. 1910 396 miles of
branches had been completed, of which 39 were built jointly and 199 were
under construction, of which 9 miles to be built jointly.
V. 91. p. 651.
The company has authorized its first mortgage 4% bonds, dated Jan. 1
.
installments to March 1
$116,274,900 pref. and
84, p. 50, 101; V. 85.
Jan
Outside operations, net
Diva, on Milw. Land. Ac., stock
lnt. on Ch. M. ft Pdget Sound bonds.
Other income (net)
on
com. stock at par. payable in
This increased the amounts outstanding to
$116,348,200 common stock. V. 83, p. 1523; V.
p. 98, 1338; Y. 88, p. 293.
DIVS. since 1892— ) *93. ’94. ’95. *96. *97-*00.
On common
%} 4
4
2
4
5 yearly
On preferred.._%J 7
7
7
7
7 yearly
1909.
July 1 1914
Total expenses
Net earnings
Miles.
502
.277
CAPITAL STOCK.—The pref. stock has a prior right over the com.
stock
to a dividend of not over 7% from net earnings in each year, but if not
earned it has no cumulative right.
After payment of 7% on pref. and 7%
on com., both classes share pro rata.
In December 1906 the stockholders subscribed pro rata for
$66,214,400
1 1924
A
A
A
Miscellaneous
CHICAGO MILWAUKEE ft 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
Wis* Minn, and the Dakotas, vis.: (Map C. M. ft Puget Sound Ry. p. 35):
Feb. 111874 took present name
The Pacific extension, from western terminus at Glenham, S.
D., to
Seattle and Tacoma. 1,463 miles (of which 26 miles is owned
with Union Pacific), Including 66-miles Lewiston branch, is knownjointly
under
name of Chicago Milwaukee A Puget Sound Ry. (see statement
below),
was oompleted in June 1909; 396 miles of branches had been
completed in
Oct. 1910 and 199 were under construction. V. 87, p. 543; V. 88. p. 99,
'
294, 748, 882, 944, 1252.
Tacoma A Eastern RR., Tacoma, Wash., to Grenavon,
63 m., with
branches, 28 m., total 91 miles, was aoqulred in 1909.
Jan
do
do
682.
Taxes
:
HISTORY, Ac.—Org. May 5 1863 and
j
j
J
Maintenance of way.
Maintenance of can and engines
Transportation and traffic
and subsidiary companies, the remaining $14,500,000 bonds being reserved
for extensions to Gary and Milwaukee, equipment, terminals, elevators,
ooal docks and facilities at Gary and Milwaukee, of which about $10,000,000
to be used at present to complete the line.
V. 86, p. 980; V. 88, p. 685.
Pres., Albert T. Perkins, care St. Louis Union Trust Co., St. Louis.—(Y.
•8, p. 685.)
which 80
1 1921
Payable
St. Louis Un. Tr. Co.
N Y Office 42 Broadway
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1 1921
July 1 1921
are
1 1913
D June 1 1913
J July 1 1934
do
D June 1 1925
Paris and London
Jan 1 1949
X
7 In 1910 j
A
J July 1 1910 8H Go’s office 111 B*way NY
8 In 1910
Oct 1 1910 IV
Q—J
do
do
7
Feb 1 1915
Q—F
do
do
7
VI
A N May 1 1916
do
do
7 g
A
A O Apr 1 1911
do
do
"
7 g
J
A D June 1 1911
do
do
I 6
M
S June 1 1917
A
do
do
7 g
J
ft D Dec 1 1916
do
do
6
4 g
4
4
Average miles operated
Passenger eaniings
freight earnings
Mall, express, Ac., earnings
BONDS.—On April 1 1908 a mortgage was executed to the St. Louis
Union Trust Co. and Illinois State Trust Co of St. Louis as trustees to
secure an issue of $20,000,000 of 40-year 5% bonds, of which
$5,500,000
have been Issued to acquire the property of the Illinois Iowa A Minnesota
Road—
Jan
Dividends
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting is held
Sept. Report for 1909-10 in V. 91, p. 651: owing to changes in classifi¬
cation. comparisons with other income in 1907-08 are inaccurate, editorial.
oompleted. will form an outer belt line 267 miles in length, extending from
Milwaukee. Wis., to Gary. Ind., connecting with all of the 32 main trunk
Unes entering Chicago
Of this, Rockford. Ill. to Momence, 125 miles.
Including Elgin Joliet A Eastern trackage between Aurora and Joliet, 24
miles, was in operation In July 1910. In March 1909 interests represented
by the St. Louis Union Trust Co. acquired control or practical control.
V. 88. p. 685.
?
Stock authorised, $10,000,000; outstanding. $5,500,000; par, $100.
(Second and third tracks
miles owned jointly). 7,2961 Trackage (including 2d tracks)
Sept 1 '10.3 X
July 1 1919
July 1 1920
July 1 1920
Places Where Interest and
in
»CHICAGO MILWAUKEE ft GARY RAILWAY.—This road, when
Miles. I
Apr 1 1948
Sept 1 *10. 3 X
July
May
4 g j Q—J May
A
J
May
g
3X g
Q—J
May
4X
j
A D June
sury and not listed (s ee text).
,000. x C oupon bond s J AJ; r
$135
Lines owned June 30 1910 (of
28,000.000
50.000,000
123.000.000
130,114.500
22.395,100
12,832.000
2.332.000
b2.977.500
C2.546.500
d3.365.000
k4,038,500
100
100
1,000
500 Ac
500 Ac
500 Ac
500 Ac
100 Ac
trea
n
Last Dividend
and Maturity
5 g
A
A O
7 In 1910 MAS
7
a
A S
5
j
A
J
6
j
A
J
6
j
A
J
5 f
j
A
J
5 g
j
A
J
5 g
j
A
J
6 g
J
A
J
5 g
j
A
J
5 g
j
A
J
5
j
A
J
i
4 g
j
A
J
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,0001
1.000]
1,0001 •8,950.000 )
|
1.000/
1
1,000
2,155,000
1,000 n4.008.000
1865
1866
1871
1871
1872
1871
788
150
When
Payable
,
100
100
•
Rood—
Rate
%
:
$1,000
so
Wise Val Dlv 1st M sink fund not drawn—NB.o*
“)ub Dlv 1st If sinking fund not drawn...NB.c*
c ft Pac Western Dlv 1st M (see text) gold-F.c*
Amount
Value
| VOL. LXXXXI
1909, United States Trust Co., trustee, for $200,000,000. Of these
bonds, $123,000,000, together with the entire auth. issue of $100,000,000
stock, has been turned over to the C. M. A St. P. Ry. treasury for the
$123,000,000 advanced for construction.
Bonds cover road, terminals
and equipment and run to maturity.
Pres., H. R. Williams, Seattle,Wash.
EARNINGS.—2 mos.J1910
Gross, $2,312,724; net, $1,152,334
July 1 to Aug. 31.
(1909
Gross,
.; net,
REPORT.—Report for 11 mos. ending June 30 1910 in V. 91, p. 651;
showed (1,434 average miles): Operating revenues, $10,765,704; net (after
taxes), $5,293,312; other income (including hire of equipment), $648,118,
$650,638; int., rentals, Ac., $3,747,744; bal., sur., $2,196,206.—(Y. 91,
P 651.)
CHICAGO ft NORTH WESTERN RY.—(See Map.)—Operates an 1m
portant system of roads uniting Chicago. Ill., with Omaha, Neb.. St. Paul.
Minn., with the great wheat belts of Dakota, Nebraska. Ac., and with the
mining regions of Michigan and the Black Hills, Including—
Road owned in fee—
Miles.
Miles.
Main lines, Ac
—7,506 De Pue Land A East, (leased).
3
Entire stock owned—
Sundry trackage...
42
k
—
—
.
Princeton A Western
Wolf River Valley
St. Paul Eastern Grand Trunk
(leased)
16
Total July 1 1910
7,629
Second track
826
60 Has large interest in Ohio. St.
Paul Minn, a Omaha....... 1,739
HISTORY, ETC. A Vanderbilt line (V. 75, p. 1086) organized in 1859.
In July 1884 the capital stock of the Fremont Blkhom A Missouri Valley
was acquired, and in Feb. 1903 the road-was absorbed.
Its securities, ex¬
cept those held by Chic. A N. W.. are in table above. V. 75, p. 514, 516.
In 1900-10 various proprietary roads were purchased.
V. 71, p. 291.294;
V. 73. p. 294, 1010; V. 75, p. 446; V. 81, p. 840; V. 89, p. 671; V. 91,
p. 790.
The stockholders in Oct. 1909 authorized the construction of new
lines and branches in South Dakota, Iowa, Illinois and Wisconsin aggregat¬
ing about 465 miles. To build a part of these extensions, the James River
Valley A Northwestern Ry. was Incorporated in July 1909 to build branches
from Blunt to Gettysburg and from Oneida to Hitchcock, So. Dak., 130
miles, and the Milwaukee Sparta A Northwestern Ry. 178 miles in Mil¬
waukee. Waukesha and Dodge counties, Wis.
In Sept. 1910 about 100
miles had been completed and 250 were under construction.
V. 89, p. 1410;
V. 91, p. 808.
2
......
_
CAPITAL STOCK.—Of the com. stock, $2,334,042, and of the
pref. $8,835, remained in company’s treasury in July 1910. Pref. stock nas prior
right to 7%; then com. 7%; then pref. 3%; then com. 3%; then both classes
share.
In 1903 the authorized com. stock was increased from $41,448,366
to $77,601,045 and in Oct. 1906 to $177,604,800.
V. 84, p. 157.
Stockholders In Jan. 1910 subscribed for $30,502,650 additional common
stock at par, payable Feb. 14 1910, raising the amount outstanding to $130,V. 89, p. 1482,
121,500.
In Mch. 1910 U. P. system (Ore. Short Line) owned $4,750,000 stock
The consolidated sinking fund bonds of 1915 have voting power.
~
BASROTAONILCWDKSY
mo.]
36
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Miles
Road
Chicago A North Western—(Continued)—
IWw Lake Shore A W cone tJL (now 1st) gold__Ce.o*
Michigan DIv 1st M (for >3.000.000) gold—Ce.c*
Ashland Division first mortgage gold
Ce.c*
Ext A |mp M for >5.000,000 g s t not drawn.Ce.c*
Income bonds (not cumulative) no coupons
r
Marsh Ext 1st M $600,000 ($15,000 p m)._Un.c*
0 AN YV s f bonds of *70 ($15,000 p m)red at 105F.or
Sinking fund debentures 1933
Un.o*Ar
Chicago A North Western 30-year deben. Un.c* Ar
Extension
4s
$20,000,000 ($20,000 p m)..Un.c&r
General gold bond mtge $165,000,000
Us.c*Ar
\
do
do
do
registered.Ifanlt’o Gr Bay A NW 1st g gu M(V88,p230)F.c* Ar
Milw A State fine 1st M g gu(V88,p230).„F.o*Ar
Branch Line Bonds Assumed
Boyer Valley Ry 1st M g $16,000 per mile.F.c*Ar
Minn A la Ry 1st M gold $16,000 per mlle_-F.o*Ar
Mankato A New Ulm 1st M gold $416.000—F.o*Ar
Southern Iowa first mtge $1,120,000 gold-.F.c*Ar
Princeton A Northw 1st M $2,100,000 gold—F.cAr
Peoria A Northwest 1st M $2,125,000 gold—F.cAr
Sioux City A Pacific 1st M gold $4.000.000..F.cAr
Minn A So Dak 1st M gold $528,000
F.c*
Iowa Minnesota A Northwestern 1st M gold.F.c* Ar
Frem Elk A M V cons M $25,000 per mile assumed
Chicago Peoria A St L—Pr lien M g call at 107 a _Ta^5*
Consol mtge $2,000,000 gold call at 105
Ta c*
Income rntve gold (text) non-cum call at par
New Securities to be Issued under Reorganisation Plan
Stock, $4,000,000
Gen and refunding M $15,000,000 gold red text
Chic R I A Pac RR—Coll tr M $75,000.000 —Ce.c*Ar
In addition sinking fund July 1910 held:
o
$74*000;
pall Ins. f.
Par
Value
82
40
693
40
1881
1884
1885
1889
1881
$1,000
1,000
1,170
235
235
235
1900
1900
1900
1,000 Ac
1,440.000
1,000 Ac
1,904.000
1,000
P416.000
1,000 Ac NoneUct’10
1,000 Ac n1.940,000
1,000 Ac
2.125,000
1,000 Ac 03,926,000
1,000
528,000
1,000 Ac
3,900.000
1,000
7.725.000
m
—
_
^
_
_
_
114
50
90
119
26
56
105
85
125
33
195
»
»
*
1902
1.000
4.000,000
2,000,000
Ac
1.000
«
-
See text
.
1*77
1 000
100
Ac
-
on common
on
stock, 7%.
preferred stock, 8%
.
$74,175,684 $65,978,471 $63,219,344
$21,525,371 $22,610,755 $21,855,485
1,397,278
818,848
460,159
7,583,447
7.603,926
7,505,184
246,149
252,687
251,450
8,040,438
6,972,903
6,972,672
1,791,600
1,791,600
1,791,600
Balance, surplus.
$2,466,459 $5,170,790
$4,874,419
OFFICERS.—Pres., Wm. A. Gardner. Chicago; V.-P., S. A. Lynde;
Treas., R. H. Williams, N.Y.; Sec., John Davis Caldwell. N.Y., 111 Bway.
Directors.—W. K. Vanderbilt, F. W. Vanderbilt, Chauncey M Depew,
James Stillman, James C. Fargo, Frank Work, N. Y.; Marvin
Hughltt
(Chairman), Byron L. Smith, Cyrus H. McCormick, Chauncey Keep,
Homer A. Miller, John V. Farwell, Wm. A. Gardner, Chicago; H. C. Frick,
Pittsburgh, Pa.; David P. Kimball, Oliver Ames, Boston; Zenas Crane,
Dalton, Mass.—(V. 90, p. 697, 1489; V. 91. p. 785, 790, 806. 1095.)
CHICAGO PEORIA A ST. LOUIS RY.—ROAD.— Owns from Pekin to
Granite City, Ill.. 180 miles; Granite City to Madison. 2 miles; Madison to
Bridge Jet ,3m.; Havana to Jacksonville, III., 42 m.; branch. Lockbavcn
to Grafton, 8 m.: total owned, 235 m.; trackage. PekMn to Peoria,
10 n«„*
In Sorlnvfleld 1 H m.: to St. Louis Station 9 m.;
total, 255 H miles
On July 1 1909 Pres. John P. Ramsey and Henry M. Merriam of Springfield. Ill., were appointed receivers, the January and July 1909 coupons
on the consols being in default:
V. 89, p. 41.
The Chic. Peoria A St. L.
RR. was incorporated as successor on Dec. 6 1909, with $4,000,000 auth.
stock.
V. 89, p. 1541.
In July 1910 the date of foreclosure sale and re¬
organization were awaiting decision In 2-oent fare suit.
V. 90, p. 1675.
Security-holders’ Committee.—Charles H. Warren (Chairman), George F.
Baker Jr. and Alfred Shepherd (W. W. Stevenson, 34 Nassau St.,
Secretary;
Bankers’ Trust Co., N. Y., depositary).
REORGANIZATION PLAN.—The plan of the security-holders’ com¬
mittee dated July 7 1909 (assented to by a large majority of all securities
and declared operative Oct. 26 1909) provides that a new co. shall
acquire
the road after foreclosure, subject to the $2,000,000
prior Hen mortgage of
1900, of which $1,950,000 are outstanding. The committee is given broad
powers, including sale in the common interest.
The plan (V. 89, p. 285) authorizes an issue of $15,000,000 “generaland
refunding” 30-year gold 4 Hb. Present issue. $2,850,000, or which the
$1,100,000 issuable in exchange for the old consols and
unpaid coupons are
to bear only 3% Interest for the first 6 years.
For six years the new
bonds are to be subject to call at par on any interest date on 60
days* notice;
thereafter at 107 H.
Of the bonds, $2,850,000 will be Issued for use under
the plan; $2,000,000 will be reserved to refund
prior Hen bonds and $150.000
for use in retiring prior lien bonds and
$10,000,000 for extensions, etc.
Basis of Exchange of Old Securities for New.
Securities
Amount
New Gen. A New Stock
If Pay
Deposited.
Out.
Cash.
Ref. AHs.
(Vot. Tr.)
$1,000 Consol. M. bds. $2,000,000
*$500 00
$615 00
-
100 Overdue coupons
100.000
*50 00
1,000 Eq. A car. trusts
181,000
1,000 00
1,000. Income M. bonds 2,000,000
$100 00
100 00
100 Preferred stock- 3,750,000
7 00
7 00
100 Common stock— 3.600,000
3 00
3 00
Interest on these bonds reduced to 3% for first six
years.
62 50
—
%
and
Maturity
Places Where Interest and
Dividends are Payable
400 00
24 50
9 00
M
May 1 1921
J
M
F
M
A
July 1 1924
Mob 1 1925
Feb 1 1929
A N
A
J
A
S
A A
A N
A
O
A
A O
M
A N
A 15 AO
F 15 A A
M A N
c !—F
A
J
J
A
J
3H| J
3tt g J
3 H g
4H g
3H g
3M g
3X g
3)4 g
3H g
3K g
6
4 X g
5 g
J
A
M
J
M
F
J
J
A
A
A
A
A
A
A
A
A
A
A
A
A
D
D
O
S
J
May 1 1911
Oct
Oct
1 1922
1 1929
tATt
4 g
ft
VI
A
M
A
74,877,200 4H In* 10
12.500 000
m
a
Quar.
J
do
Apr 15 1921
Aug 151928
Nov 1 1987
Nov 1 1987
Jan 1 1941
Jan
1 1941
do
do
do
do
Dec 1 1923
June 1 1924
Oct 1 1929
do
do
do
do
do
do
do
do
do
do
May 1 1933
Sept 1 1925
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
30 years
N Nov 1 2002
S
Co’s office.lllBway.N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Liberty Nat Bank
July ’08 coup last paid
Tnt from Dm 1
1OOQ
First National Bank N Y
Sept 1 1913
Oct l’ln, i }4% Office 115 B’way N Y
J July 1 1917
First National Rank N Y
(also
319.792.000 o n hand);
n 3160.000 ;
A
31.045,0 00
Out of the $2,850,000 “general A
refunding” 4 X>, $850,000 wUl be placed
treasury, and it is estimated that after providing for the floating debt
company will have free treasury assetsln cash and “general and re¬
funding mortgage” bonds over $1,000,000 to make needed improvements.
The new company will have a fixed annual
charge of about $154,000 for
the first 6 yean, which wUl be thereafter increased about
$15,000 by the
increase in rate from 3% to 4 H % on the $1,100,000 new bonds Issued
in
exchange for old consols.
Security-holders who prefer not to make a cash payments* above provided
are offered In new stock at face
value voting trust certificates for
$1,000 Income mtge. bonds, $60 In new stock; for $100 pref. stock, $4 in
new stock; for $100 common
stock, $2 in new stock.
EARNINGS.—12 mos.J 1909-10
Gross, $1,766,967; net, $281,850
July 1 to June 30.
\1908-09
Gross.
1,564,833; net,
163,902
REPORT for year to June 30 1909 was In V. 90, p. 104,
showing, gross.
$1,564,833; net. after taxes, $112,501; other income. $4,017: interest and
rentals, $233,721; bal., def., $117,202. Chief Exec. Officer. John P. Ram¬
sey, SmlngAeld, 111; Sec. and Aud., H. W. Berger, Springfield, HI.; Treas..
F. J. Wilson.—(V. 90, p. 104. 1675.)
CHICAGO ROCK ISLAND A PACIFIC RAILROAD.—Incorporated In
Iowa on July 81 1902 as an operating company, per plan V. 75,
p 239 to
take over the Chic. R I. A Pac. Railway
The entire capital stock
($145,000 000) Is owned by The Rock Island (holding) Company
BONDS.—The collateral trust 4s of 2002 (authorised Issue $75,000,090)
are secured by a pledge with the trustee of an
equal amount of the stock of
The C. R. I. A P. Railway as acquired. In June 1910 $71,207,400 ef the
$74,877,200 Railway stock had been acquired.
The $17,364,180 5s secured by St. L. A S. F. common stock were
called
for payment at 102 H and Interest on Feb. 1 1910, c&Uing
for $17,798,282.
the sale of the stock. It Is understood, realizing $10,852,612.
The remainder
of the purchase prioe of the collat. trust 5s was
provided by the sale of
In the
the
,
Dividends
Dividends
71^207^500
$181,00 i; h $ 2,013, 000;k $2 02.500;
g
Last Dividend
Jan 1 1926
s Mch 1 1926
A Aug 1 1936
J Jan 1 1935
J Jan 1 1935
O Oct 1 1933
1 950.000
M
s Mch 1 1930
2.000.000
J
J July 1 1930
2,000,000 Up to 5% wh earn. July 1 1930
1 000
1909
764
2,500,000
1,000
p. 69, 111, 571; V. 75, p. 980; V. 88, p. 280, 563.
In Sept.
$30,271,0001 generals were outstanding In the bands of the public.
In May 1910 $13,522,000 were authorized to be issued for refunding and
lmprov'ts, none of which was sold. V. 90, p. 1489.
The sinking fund bonds of 1879 are secured by deposit In trust of $15,000
000 of 1st M. bonds at $15,000 per mile on subsidiary lines, the most
Import¬
ant being described in “Supplement” of May 1894.
Of the sinking fund
bonds of 1879 $5,374,000 are 6s; the sinking fund Is at least 1 % of out¬
standing bonds, which are subject to call at 105, and through Its operation
thoae outstanding have been reduced from $15,000,000 to the amount in table.
The extension bonds of 1886 are secured by deposit In trust of first mort¬
gage bonds at a rate not exceeding $20,000 per mile
Included In the collat
eral July 1 1910 were $10,675,000 Fremont Elkhom A Mo. Valley lsts and
$2,560,000 Wyoming Central lsts (consolidated with F. E. A M. V.), Ac.
The Fremont Elkhom A Missouri Valley consols have a first lien on 1.170
miles (Fremont, Neb., to Dead wood, D. T
557 miles, and branches to
Hastings Albion, Ac., 613 miles), but besides the amount of lssueglven as
outstanding in the table, $10,675,000 (along with $2,560,000 Wyoming
Central firsts, A. F E A M. V Issue) are held as part collateral for Chicago
A North Western extension bonds of 1886.
^
GENERAL FINANCES.—Stockholders In Feb. 1907 subscribed for
$24,4Q1,600 com. stock at par, and in Jan. 1909 for $30,502,650 additional
stock, the proceeds to be used for improvements, extensions, equipment,
Ac.
V. 82, p. 452; V.83, p. 379, 817, 1098; V. 89, p. 1482.
New terminals
In Chicago to cost $20,000,000 are to be completed In 1910.
V. 87, p. 479,
8$1,1159; V. 89, p. 670; V. 91, p. 807. In Jan. 1909 sold $16,250,000 3 Ha,
Including $10,000,000 generals. V. 88, p. 230, 563.
EARNINGS—2 mos.,/1910
Gross, $13,067,212; net. $3,960,385
July 1 to Aug. 31.
\1909
Gross,
12,501,026; net.
4,240,997
REPORT.—The annual meeting Is held the third Thursday In October.
Report for 1909-10 at length In V. 91, p. 785, 806; editorial, p. 837.
Operating Revenues—
1909-10.
1908-09.
1907-08.
Average miles operated
7,629
7,635
7,631
Freight revenue
$49,536,839 $43,619,091 $41,949,630
Passenger revenue
18,431,017
16,875,668 15,734,607
Mall, express, Ac
6,207,828
5,483,712
5,535,107
.
$5,000,000
1,281,000
1,000,000
4,148,000
500.000
1898
1899
1899
1900
1901
1901
1901
1900
1900
1883
_
„
1070;"V. 65.
Rents—debits
on bonds. Ac
Sinking funds and other payments
Payable
1,000 Ac
_
1910
Interest
When
%
1892
1879
1891
1891
1888
1897
1897
1906
1906
1,041
..
Total operating revenues
Total net Income
Rate
8 g
6 g
1,000
8 g
1.000
5 g
1,000
6
1,000
400.000
5
1,000 Ac 11,648,000 5 A 6
1,000 Ac
5
9,695,000
1,000 Ac *9.819,000
5
1,000 Ac hl6.6l9.000
4
1000 Ac\ tn See text /
3H g
1000 Ac/
\
3H g
1,000 Ac
3,750,000
3Ht
DIV.— 1*86 to’93.
*94 *95. ‘96 to *99. *00. *01. *02 to *09.
1910.
Com
) 6 yearly.
3
4
5 yearly.
6
6
7 yearly.
7
Prcf
J
7 yearly
8 yearly
BONDS.—General Mortgage.—See Abstract In V. 65, p. 1176.
The
authorized Issue Is $165,000,000 (U. S. 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. 6b
p.
Amount
Outstanding
i
413
Bonds $7,500.000
Chicago Rock Isl A Pacific Ry—Stock ($75,000,000).
First M Chic, Ill.,to Council Bluffs A branches Us.c*
Date
Bonds
[VOL. LXXXXI.
r
new
Sept.
1918, which
by TheO.
J7,500,000
’. Ry. and are
newheld
5s due
purchased 90,
R. I.
In ite
treasury.
V. 89,were
p. 1667.—(V.
p. 771.)
A
CHICAGO ROCK ISLAND A PACIFIC RY — [See Map Rock Island Co.,
pages 110. and 111.)—The system extends from Chicago. IU.. via Omaha,
Neb. to Denver A Colorado Springs, Col
and via Kansas City, Mo
to
Santa Rosa. New Mex. there connecting with the lines of the New Mexico
Ry. A Qoal Co. and forming with them aod the Southern Pacific a through
line to the Pacific Coast; also from ’Tu cum carl, N. M., to
Memphis, Tenn.
and to Fort Worth Tex
on the south
and on the north to Minneapolis
Minn., and Watertown. S D. with numerous branches vl*.:
Mileage owned—
Miles.
Leased—(*See this co.)
Miles.
Chic
Ill
to Colo Sp'gs, Colo.1,064 Keokuk A Des Moines*
162
Davenport, la., to Terral I. T. 708 Peoria A Bureau Valley*
47
Herlngton, Kan. to Texhoma,
White ABl.Rlv.Val.* (V.90.P.502) 62
O. T
323 Little
Rock
A
Hot Springs
Burl’gt’n.Ia.,to Mlnn’ap.,Mlnn
Western*
308
22
Vinton, la., to Watert’n, S. D. 376 Rock Isl. Ark. A Louisiana
307
Branch lines—
2,055 Trackage to St. Ixrals, Denver,
Capital stock all owned—
Pueblo, Ac
695
Choc. Okla. A Gulf (leased)
983
Chic. R I. A El Paso
153 Total mileage
oper. and under
Chic. R. I. A Gulf
476
construction June 30 1910. .8.118
St. Louis K C. A Col
284
The Rock Island interests In April 1906 acquired
a half Interest In the
Trinity A Brazos Valley Ry.. owning a line from Cleburne to Houston. Tex..
236 miles, with branch to Waxahatchle, 70 miles, and
trackage rights from
Cleburne to Fort Worth, Waxahatchle to Dallas aod Houston to Galveston
Extension from Little Rock, Ark., to Crossett and Summerville, Ark.,
to Eunloe, Ala., 308 miles, under charter of Rock Island Arkansas A Louisi¬
ana RR. was completed early In 1908.
See BONDS below.
In May 1910
110 miles were opened from Amarillo, Tex., west to Tucumcari,
N. M.
under charter of Tucumcari A Memphis.
.
.
.
HISTORY —A consolidation June 2 1880 with $50,000 000 stock
In July 1910 $71,207,400 of the $74,877,200 capital stock had been
de¬
posited per plan V. 75. p. 239, each $100 stock being exchanged for the fol¬
lowing securities:
$100 In 100-year 4% gold bonds of tbe Chic. R. I. A
Pac. Railroad (of Iowa) and $70 pref. and $100 com stock of the “Rock
Island Company” (of New Jersey), whlqh owns the entire capital stock of
the Railroad company.
See statements for those companies.
: Tn 1902 most of the stock of the
Burlington Cedar Rapids A Nor. and
R^rk Isl. A Peoria was acquired.and their road* leased from June l and
subsequently deeded to the C. R. 1. A P. V. 74, p. 1194, 1250. Stock¬
holders win vote Dec. 15 1910 on merging the Chicago R. I. A El Paso, 153m.
DIVIDENDS—
*1
\ *99-*02.
*03. *04. *05. *08. *07. *08. *09.
1910.
Since 1897
%/ 5 yTy. 7H 8M 6X 6 5H 5H 5«
4H
In 1909, Jan., 1%; April, 1 H%; July, 1%\ Oot., IK%In 1910,
Jan., 1%; April. 1 H%: July, 1%; Oct., 1)4%.
Special distributions, lncl. $1 63 per share June 17 1905, see V. 80.p.2398,
Dividends are intended to cover only Interest requirements of the Chic.
R. I. A Pac. Railroad Co., which were reduced on sale of the St. L. A S. F.
V. 90, p. 626, 628.
stock late in 1909.
BONDS.—Of the general 4s of 1898 those unissued are available as fol¬
lows: $21,900,000 at not over $1,000.000 per annum for permanent
Improve¬
ments and additions, lncl. equipment, and $12,500,000 to retire the first 6s
ot 1917; Bankers’ Trust Co., New York, and Benj. Strong Jr.,
trustees.
Mtge. Abstract In V. 66, p. 522; V. 78. p. 228; V. 80, p. 472.
The collateral trust gold 4s of 1902 ($24 000,000 authorized) are secured
by deposit of all stock of Choc. Okla. A Gulf RR. V.74,p 775,829 936,1356.
REFUNDING 4% BONDS OF 1904 ($163,000,000 A UTHORIZED ISSUE)
A 1st Hen (either directly or through pledge ot entire Issues of bonds of
the companies owning the same) on terminal
property in St. Paul and
Minneapolis, new equipment and shops at Moline, IU., and on rail¬
way lines aggregating 1,148 miles; also a junior lien subject to existing
mortgages on all the other lines of the system of the Railway
company, ag¬
gregating. exclusive of leased lines and trackage. 5,708 miles. See V. 78.
p. 228. 234; V. 79. p. 1716.2206; V. 84. p. 219?V. 85. p. 98*. V. 85. p. 1478
,.
BASROTANILCDWKSY
19 0.]
Oct.,
38
RAILWAY STOCKS AND BONDS,
RAILROAD COMPANIES
see notes on first page]
Miles
Road
(For abbreviations, Ac.,
Date
Bonds
Ch caio Rode Island A Pacific
(.Concluded)—
General mortgage $100,000,000 gold
Ba.c*Ar 2.393 1898
Coll tr M g Ser H to P due
yearly red 101*4
1902
Ce.c*
Ref M $163,000 ,000
gold red 105 to 1911..Ce c*Ar Text
1904
Cedar Rapids IP&NW first
292
mtge gold guar..Ce.c
1881
BORA Nor consol first mortgage
999 1884
gold..Ce.c*Ar
Minneapolis A St Louis 1st M gold (assumed)..F
12
1877
Rock Island A Peoria cons 1st M (V 75
113 1885
p 30)—Mp
Choc O A Q general (now 1st) M $5,500.000
378 1894
k _c*Ar
Choc A Mem 1st M $3,750,000
282
1899
assumed..GP cAr
L Rock Bridge 1st M assumed
gold red (text) GP.c*
1899
Consol mtge (see text) $30,000,000
335
1902
gold—GP.c*
RIA A L 1st M $30,000,000 g gu red 105 Ba.xo* At*
308 1910
Rock Island-’Frtsco Term 1st M
g guar Jointly—c*
1907
Peoria Ry Term 1st mtge
gold guar jointly red..iC
1907
2nd mtge guar jointly
Equip notes due $325,000 seml-an (V. 84, p.338) Ba
1907
do ser B, due $60,000 s a
do ser C, gold, due $265,000 e-a
Cec
1909
do ser D g $225,000 s-a (V 90,
1910
p 913, 1362).-Ba
Chic 8s R I Elev M g guar
p 8s 1 redeem at par
1904
c*
^
,
_
mtm.
_
_
Par
Value
1 000
1,000
1,000
1,000
•mmm
Consol Ind Coal 1st M g lnt gu red 110 s f
G c*Ai
Chicago St Louis A New Orleans—See Illinois Central
Chicago St Paul Minn & Omaha—Common
stock
Preferred stock non-cum Including
scrip (see text).
Ch St P 8s Minn 1st M gold
Elroy to L St C ass’d. .c*
St P 8s SRoux City 1st M gold $10,000
per mlle_.Ce c
Nor WIs 1st M Lake St C to near Spooner ass’d
.Ce.c*
Sault Ste Marie A Southwestern first M assumed..c
CSt PM 8s Omtge$30.000,000 ($15,000
pm).Ce
c*
do
do
consols Interest reduced
...
...
177
607
80
37
>
Chicago Southern—See Southern Indiana
ctfs $3,500,000 g red par
Ill T 1st M
--
Chicago Subway—Receivers*
-
.
$30,000 ,000 g red 105
First lien mtge gold red 105 (see text)
Chicago Dock M assumed red 105 (V 68
SNotes secured by 2d M Chic Dock
60
Usm.c*8sr
p 333)
1,000
1905
m
mm.
mm
mm
1,000
mm
...
1878
1879
1880
500
100
100
Ac
1.000
1.000
1,000
1890
1880
1880
1910
1903
1908
Amount
Rate
Outstanding
When
%
Payable
$1,000 Ac $61.581.000
1.000 11,952,000
1.000 4be 86,118.000
1,000
1.905,000
1,000 4bc 11.000.000
500
150,000
5.000
450,000
1,000
5,500.000
1.000
3,525.000
1,000
215.000
1.000
5,411.000
500 Ac
1,000
1,000
1 000
1,000
1,000
1,000
1,000 Ac
1899
[VOL.
11,000,000
3,000.000
944.000
280,000
4.225.000
4
4
4
5
5
7
6
5
5
0
5
g
g
g
g
g
g
g
g
g
g
J
M
A
A
A
J
J
J
J
J
\f
4*4 g M
5 g
4 g
5
J
J
4*$
F
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J
N
O
O
o
D
J
J
J
J
N
S
J
J
o
o
N
o
D
300,000
4,770,000
6.525.000
860.000
2.682.000
A
4*4 g A
4*4 g M
A
J
A
A
A
A
A
A
18,559.086
F
F
M
A
J
M
J
J
A
A
A
A
A
A
A
A
A
A
N
O
J
N
D
D
A
J
J
A
A
A
A
A
O
D
D
O
j
6
5 g
5 g
7 In 1910
7 In 1910
6 g
1,277,000
6,070,000
6 g
631,000
6
350.000
5
11.259,911
16.412,000
3,734.000
6
5H
3,000,000
5
See text
See text
665,000
333,750
5 g
5 g
4 g
4
A
J
A
an9
Last Dividend
and Maturity
Places Where Interest
Dividends are Payable
Jan 11988
First Nat. Bank, N. Y.
May 1911-1918
do
do
Apr 11934
Oct
LXXXXI
1 1921
do
do
First National Bank, N Y
do
do
do
do
do
do
do
do
i
do
do
do
do
do
do
New York, London, Ac
New York and St Louis
New York
Apr 1 1934
June 11927
July 1 1925
Oct 1 1919
Jan 1 1949
July 1 1919»
May 1 1952
Mch 1 1934
Jan 1 1927
Jan 1 1937
Feb ’ll-Feb ’17 First National Bank N Y
Apr *11-Apr *13
Apr *11-Oot *19
May ’11-May *25
Oct 1 1924
June 11935
First Tr A Sav Bank Chic
Guaranty Trust Co N Y
Aug 20 1910 3*4 Office 111 B’way N Y
Aug 20 1910 3*4
do
do
May 1 1918
do
do
Apr 1 1919
do
do
Jan 1 1930
Nov 1 1915
June 11930
June 11930
Apr 1 1912
Dec 1 1928
June 1 1928
1929
July 1 1909
do
do
do
do
do
do
do
do
Nat City Bk. N Y A Chlo
June 1909 coup last paid
June I9t8 coup last paid
Northern Tr Co Chicago
-
CHICAGO ROCK ISLAND A PACIFIC RY. (Concluded).
Of the $86,118,000 of these bonds
outstanding In July 1910, $29,818,000
had been Issued for refund’g
purposes,$15,000,000 to reimburse treasury,
$23,800,000 for acquisition of property or securities and
$17,500,000 for im¬
provements. Of the remaining $76,882,000 bonds
authorized, $52,207,000
were reserved for
underlying bonds. $13,500,000 to pay for 75% of the pur¬
chase price of bonds of other companies, and the balance
for improvements
and acquisitions of other properties or securities.
In Oct. 1908 $9,000,000
was sola. In Mch. 1909
$3,486,000, in Aug. 1909 $1,494,000 and In Jan. 1910
$3,500,000. in April 1910 $1,714,000. making $85,136,000
outstanding as
Above.
V. 87, p. 1089, 1419: V.
88, p. 623. 822; V. 89. p. 666; V. 90,
p. 108, 236,1170,1424.
Peoria Ry. Term, first 4s ($1,500,000
auth. issue),
guar, jointly with Chicago A Alton, are
subject to call at 102 *4 after 10
yean; also jointly guar. $280,000 second 5s.
V. 85. p. 159.
As to Chic. R. I. A Pac. Elevator
mtge., see V. 79, p. 2590; V. 82, p. 750.
As to Consol. Indiana Coal
5s, Interest guar., see V. 80, p. 2401, 2623:
form of guaranty, V. 82, p. 1499.
Rock Island-Frlsco Terminal Ry. 5s,
guaranteed jointly, V. 84, p. 569, 748.
ROCK I. ARK. A LA. 1ST M. 4 *45. OUAR. P. A
I., $30,000,000 A UTH.
Secured by a direct first lien on 308.20
miles, with trackage rights over
-37.89 miles and on equip, worth about
$1,600,000.
Of the remaining
bonds, $10,000,000 are Issuable for new mileage at actual
cost, not exceed¬
ing $30,000 per mile, and $9,000,000 at cost of additions and
to
^properties on which the mtge. Is a first lien. V. 90, p. 626,betterments
699.
LATEST
EARNINGS.—J1910
Gross, $11,410,219; net. $3,123,819
Aug. 31.11909
Gross. 11,393,734; net. 3,905,707
REPORT.—For fiscal year 1909-10 in “Chronicle” Oct. 29; also edit.
2 mos.. July 1 to
Year ending June 30—
’
Average miles
1908-09.
8,026
1907-08.
7,969
$66,220,579 $61,184,887 $58,484,197
$15,274,509 $16,400,527 $14,558,122
15,497,741
16,611.998 14,686,756
10,749,860 10,445.767
9,958,454
Interest and rentals
Dividends
Balance: surplus
1909-10.
8,043
Total operating revenue
Operating Income (after taxes)
Total net income
3,743,272(5*i)3930019(5 *4)3929785
$1,004,609 $2,236,212
$798,516
OFFICERS.—Pres., H. U. Mudge; Vice-Pres., Sec. and Treas.,
-Geo. H. Crosby, Chicago; Vice-Pres, and Asst.
Sec., Geo. T. Boggs, N. Y..
Asst. Sec. and Asst. Treas., J. J.
Quinlan. N. Y. office, 115 Broadway.—
(V. 90, p. 626, 848, 913, 1170, 1362,
1424; 1875; V. 91, p. 711, 1095.)
CHICAGO ST. PAUL MINNEAPOLIS A OMAHA RY.—(.See
Map CWcago A North Western.)—ROAD.—Elroy, WIs., to Omaha,
Neb., 593 miles;
other lines, 1,146 m.; total July 1
1910,
1,739
miles,
of
which
1,669 are
owned and 70 miles leased.
V. 69, p. 1147.
HISTORY.—This was a consolidation July 1880 of the
Chicago St. Paul
A Minneapolis, the North Wisconsin
and the St. Paul A Sioux City.
In November 1883 Chicago A North
Western Ry. purchased control,
vis.. $9,320,000 common and $5,380,000
preferred.
.....
STOCK.—Authorized common,
preferred, $12,646,833.
Held by the company June 30 1916, $21,403,293;
common stock and scrip,
preferred stock and scrip, $1,386,921. Preferred stock has a $2,844,207;
prior right
to non-cum. dividend of 7%, but oom. Is never
to receive more than pref.
DIVS.— 1 *93-*96. *97. *98.. 99. *00. *01. *02. *03.
*04. *05-*09.
1910.
«Oorn. ..%) None.
2
23*45
5
8
6
6 7 y’ly.
7
Pref ...—J
7 per annum (3*4 F. A A.)
BONDS.—There are $1,500,000 Superior Short Line
Ry. bonds which
axe owned.
Chicago St. Paul 4b
Wlsoonsln first 6s, due 1930, are Minneapolis first 6s, due 1918, and North
exchangeable at option of holder at any
*lme, $ for $, for oonsol. 6s of 1880, due 1930. V.
68, p. 521; V. 77. p. 2389.
EARNINGS.—2 mos.,II910
Gross, $2,704,769; net, $874,302
July 1 to Aug. 31.
(1909
Gross,
2,343,995: net.
726,844
REPORT.—Year ends June 30. Report for 1909-10, V.
91, p. 786.
1909-10.
1908-09.
1907-08.
Total operating revenue
$15,095,023 $13,524,650 $12,840,369
Operating expenses and taxes
10,571,958
9,474,108
9.106,121
Net operating Income
$4,523,065
$4,050,542
$3,734,248
Total net Income
$4,665,660 $4,173,606 $3,950,764
Interest on bonds
1,611,567
1,602,773
1,579,047
Rentals and miscellaneous
438,808
308,593
266,663
Dividend on common stock (7%)
1,298,934
1,298,934
1,298,934
Dividend on preferred stock (7%)__
787,976
787,976
787,976
Net surplus for year
$528,375
$175,330
$18,144
—(V. 87, p. 285, 889; V. 89. p. 162, 775,
1141; V. 91, p. 786.)
CHICAGO SOUTHERN RY.—See Southern Indiana
Ry.
CHICAGO SUBWAY
In New Jersey Nov. 21 1904
-and holds all but $2,600CO.—Incorporated
of the $30,000,000 authorized and
stock of the Illinois Tunnel Co. and of
the stocks of the Illinoisoutstanding
Telephone
Construction Co. and the Chicago Warehouse
4b Terminal Co.
The Illinois Tunnel Co. had
completed. Oct. 1908 58 miles of tunnel
equipped with narrow-gauge electric motors and
cars, designed for the
transfer of freight between the various
railroad terminals In the City of Chi¬
cago, and from these terminals to and
from the downtown business district
and between business houses.
It Is still engaged In
developing and extend¬
ing the system. See V. 86,
720;
V.
87. p. 1357.
p.
On Dec. 1 1909 the Interest on
the first lien bonds was defaulted
and re*
oelvers were
appointed for the controlled properties, the Illinois Tunnel
and Chicago Warehouse A
Terminal Co. (David R. Forgan and Charles Co.
Dawes for the former and Edwin
G.
A. Potter for the latter).
In Feb. 1910
foreclosure suit was brought under the
Ill. Term. mtge. of 1913.
__In
$3,000,000 of auth. Issue of $3,500,000
2-year receivers* oertfs.
we**e sold, secured by a
first lien on all the property of the
Ill. Tunnel Co.
<3®
•• to complete the telephone system,
opened Oct.
20,000 subscribers. Should this be
Increased to, say,
April 1®10-*
nfw
*«ue'of
$5,000,000
certificates
probably be made to redeem
will
the certificates and for further
extensions. No
.
...
.
.
.
,
further Issue of receivers* certfs. can be made
without providing for payment
of this Issue. V. 90, p. 771,
848; V. 91, p. 462. It Is proposed to
reorganize
the enterprise and place It In
position to be operated profitably.V.89.p.1482.
Reorganisation Committee.—William Stewart Tod, Henry W.
Forest and
L. C. Krauthoff represent all classes of
securities of the Chicago
Subway Co.,
Illinois Tunnel Co. and Chicago Warehouse
Co.,
chosen
being
by a large
majority of each. V. 89, p. 1482, 1541.
In Dec. 1909 Sutro Bros. A Co.
requested holders of Illinois Tunnel bonds
to communicate with them to
protect their Interests.
V. 89,
STOCK.—The authorized stock Is $50,000,000, of which p. 1542.
$5,018,800 re¬
mains in-the treasury unissued;
par value of shares, $100.
BONDS.—in 1908 It was arranged to exchange
1467, the outstanding $17,000,000 Illinois Tunnel per plan V. 86, p. 1284,
5% bonds for Chlo. Sub.
20-year 5% first lien bonds secured
by deposit of the Tunnel bonds, the
stock of the Tunnel Co. and
by other property. Including the subway com¬
pany’s Interest In the stock of the Chicago Warehouse 8s
Terminal Co.
Of
the bonds, $15,870,000 first lien
bonds had been Issued In
1910 In
exchange for Illinois Tunnel bonds, $1,105,000 were In the Mch.
hands of the
public and the remaining $13,025,000, with
$6,000,000 Chicago Subway
first lien bonds, were pledged as
collateral for floating debt.
V.
p. 166;
V. 88, p. 100.
Chicago office. 1779 Monroe St.—(V. 89, p. 778, 87,
918, 1482,
1541; V. 90. p. 771, 848; V. 91. p. 462.)
CHICAGO TERMINAL TRANSFER RR.—See
Baltimore A Ohio Chi¬
Terminal RR.
CHICAGO A WESTERN INDIANA RR.—Owns a valuable
terminal
system of roads affording entrance Into
Chicago to the roads named below.
Its lines extend from Dearborn
Polk St., Chicago, to Dolton. 17 m.:
Station,
also to Indiana State line, 10 m.. to
Cragln, 16 m., and to South Chicago, 5
m.; total. 48 m.;.total track.
Including 2d, 3d. 4th tracks and sidings, 266
m.; also owns over 1,200 acres of real estate,
passenger and
yards,
warehouses, elevators. Ac.
The Belt Ry. of Chicago leases freight
and
cago
operates
116 miles of the 300 miles owned
by the Ch. A W. I., Its securities
held by the companies
all
leasing the Chicago A W. I.; see V. 60, being
p. 1058.
Promised passenger station, V 89, p. 162.
LEASES.—This company’s road and terminals are leased
under per-
estual
Wabash,
theand
to the
Grand
Trunk West., the Chicago
asterncontracts
Illinois, the
Chicago
4b Erie
the Chicago Indianapolis 4b
ville, each of which five companies owns $1,000,000 stock.
leased to the
A
Louis¬
are also
Atchison, the Elgin Joliet 4b Eastern and Belt They
Ry. Annual
rental must always exceed at least
20% lnt. on bonds outst. V. 78. p. 819.
DIVIDENDS.—
V95. *96. *97. *98. *99. *00 to
Sept’10.
Percent
.../7*4
6
6
6
6
6 yearly.
BONDS.—The general mortgage bonds are drawn at
105 and Interest In
such annual amounts as will retire the debt
by maturity.
Of the consol. 4s of 1902 (auth. Issue
$50,000,000), $29,245,667 has been
sold on account of track elevation and other
impr’ts, $6,738,333 additional
were used to refund bonds canceled
by ODeratlon of the sinking fund. $7«723.000 are reserved to retire
underlying bonds and $7,630,000 for future
additions equal to at least the
par value of the bonds
$29,245,667 Indudes $12,271,000 sold In Dec. 1908, issued. The Item of
part of whloh was
used to retire the $8,000,000 collateral trust
notes called for payment
Feb. 1 1909.
V. 87, p. 36, 1604, 1663; V. 88,
p. 100, 374.
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for
was in
211, showing gross income, $2,437,998; lnt., 4bc.. 1909
$2,081,600;
dlvs.,
i.. $3or
““ bal.,$56,398.
‘ ■
“
$300,000;
Pres., “
Howard G. Hetzler.— (V. 91,
p.396.
CHIHUAHUA A PACIFIC RR.—Chihuahua, Mex., to
Mlnaca, 125 miles;
E. Carplo Jot. to Temosachlc, Mex
55 miles.
See Kansas City Mexico A
Orient statement and V. 71, p. 181. Stock Is
par of shares,
$100. Bonds, see table above. In Mch. 1909 $2,860,000;
the Mexico Northwestern
Ry. aoqulred the stock and bonds. V. 88, p. 748.—(V.
88, p. 748.)
CINCINNATI BLUFFTON & CHICAGO RR — Road Is
from Huntington to Union City,
Ind., 75 m., of which Bluffton to projected
Huntington, 52 miles, completed. V. 84, p 1182.
On Maroh 14 1908 John 0.
Curtis was appointed receiver.
V. 86, p. 720.
The Sept. 1908 coupon was
not paid when due.
Receiver’s certs. May 1909, $125,722 6s, due
In 4 mos.
to 2 years’ time.
V. 88, p. 1313.
In Mch. 1910 application was
made
for sale of road under $95,000 defaulted
receivers* certificates.
V
90, p.
697. Sale of road was to be set at Oct.
1910 term of court.
Bondholders’
committee, V, 87, p. 873.
Stock, $1,125,000, all of one class, IssuaDle $15,000
per mile; par of
Shares. $100 each.
Bonds, see table above.
V. 84, p. 449,509.
For year
ending June 30 1909, gross, $83,883; net, $21,123; lnt.
and taxes, $51,315;
bal., def., $30,192. Pres., S. H. Bracey; Sec., Charles
Blackburn; Treas.,
Wm. George. Office, 1606 Tribune
Bldg., Chicago, 111.—(V. 90, p. 697.)
CINCINNATI FINDLAY A FORT WAYNE RY —Owns
Findlay, O., to
Ft. Wayne, Ind., 80 m ; also
connecting link with the Cln. Ham. 4b D. from
Delphos to Mandale, 12 m., completed Oct 15 1 904. V. 77
p. 88. 694.
Leased to Cln. Ham. 4b D. 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 Cln Ham. 4b D.. which
guarantees bonds, prln. and Interest.
Mtge. Is limited by special agreement to $1,150,000,
or about $12,500
per
mile.
Bonds are subject to call at 102*$ and
Interest. V. 78. p. 286, 342,
701.
Form of guaranty, V. 78, p. 701.—(V.
90, p. 697.)
CIN. GEORGETOWN A PORTS. RR.—See
“Electric Railway Section.**
CINCINNATI HAMILTON 4k DAYTON RY.—The system
Includes:
Road owned—
Miles.
Proprietary roads—
Miles.
Cincinnati to Dayton, O
59 Cincinnati Ind. 4b
Western....*361
Dayton to Ironton, 0__
165 Cincinnati 4b Dayton..
13
Dayton to Delphos, O
95 Columbus Findlay A Northern..
18
Trackage
62 Bowling Green RR
19
Roads leased—(*See this Co.)
Plqua 4b Troy Branch
8
Dayton 4b Michigan...
....*142 Clncln. Find. 4k Ft.
Wayne.... *91
Home Ave. RR
V. 91, p.
"
........
,
...
3
Total of all
1,038
Owns $11.000,000 Pere
Marquette RR. stock; also owns Dayton 4b Union
Jointly with Clev. Cln. Chic. 4b St. L. and
Jointly with Southern Ry. oontrols
Oln. New Orl. 4b Tex. Pac.
Ry. V. 75, p. 978.
RAILROAD
Mites
Road
COMPANIES
[For abbreviations, Ac., see notes on
first page]
Jgo Wisconsin ft Minnesota—See Wisconsin Cent
chihuahua ft Pacific—First M gold - - - - - - - - : w
choctaw ft Memphis—See Chic Rock Island & PacRy
/hoctaw Okla ft Gulf RR—See Chic Rock I & Pac Ry
Cincinnati Bluff ton ft Chicago—1st M >1.500.000 g_c*
Cincinnati Dayton ft Ironton—See Clncln Ham ft pay
Cincinnati Find ft Ft W—1st M g guar end red..N c*
/incinnati Hamilton ft Dayton—Common stfick
Pref, 5% (remaln’g >7.751,425 canceled; V91,p 1092)
Plqua ft Troy 1st M >250,000 gold guar p ft 1
c
Cincinnati Find ft Ft «V 1st M g guar end red.-N c*
Clncln ft Ind Western—See Chicago Cindn ft Loulsv
Par
Amount
Rate
When
Value
Outstanding
%
Payable
1.000
2.360,000
6 g
j
ft
J Jan
1.000
As collat.
6 g
M
ft
S Sept 1 1933,
4 g
J P Morgan
M ft N Nov 1 1923
Dec 24 190 3 2% Cincinnati
Text
1902
1,000fto
180
1905
52
1903
"59
59
95
167
All
13
"
1905
1904
\
262
361
100
248,575
2.000 j)00
3.000,000
1.000
1,000
1,000
1910
(1895
1.000
2.320.000
tl895
1,000
1.000
1.000
2,229,000
933,000
1902
1881
1899
1903
n
ft D
1 ooo
4.722.000
2,728.000
1,000
1,000
250,000
1,150,000
ayton
Aug. 19 1909,
controlling stock Is to be vested In three voting trustees, one to
n. * 4
^
i *
be President
1 A v ~.f-
BONDS, fto.—The holders of 4H% notes (>15.000,000 received for each
>1,000 note and Its coupons >60 In cash and >1,000 of new gen. mtge. bonds
(total Issue >20.000.000), to draw interest as follows: 4X% dependent upon
Income until July 1 1911; then 1% fixed and 3 X% dependent upon Income
until July 1 1914; then 3% fixed and 1H%
July U1916; thereafter 4X% fixed.
dependent upon income until
—
=
1. First and Refunding Mortgage dated July 11909, Auth. Issue, >75,000,000.
This mortgage cover* all the lines of railway of the company, all its
leasehold rights, all stocks of subsidiary companies owning operated lines
and all property acquired by use of said bonds or the proceeds
(See V. 88. p. 1498; V. 90. p. 771.)
|g
Of which there have been Issued >27,500,000, viz.; T H ^ 19 3| ’r"^
^
(a) To pay or adjust Indebtedness due and accrued
>7,500,000
(W For Improvements now needed
5,000,000
thereof.
For necessary working capital
2,000,000
For collateral to >11,557.000 4% purchase money notes of
1908
*
13,000,000
Reserved for future use, >47,500,000, viz.:
‘
e) For additions. Improvements and betterments
....->23,721,000
For refunding underlying bonds...
—
- 23,779,000
The bonds specified above as (5) and (c) and >5.500.000 of those named
as (a) are guaranteed, prln. and lnt., by the Baltimore ft Ohio RR. Co.
Under supplemental agreement dated July 1 1909 (V. 89, p. 469) >11,557,000 4% purchase money notes dated 1908 and due July 1 1913
which a small amount reserved to retire outstanding refunding 4s of 1904
had In July 1910 not been Issued) are secured by pledge of >13,000,000 new
“first ft refunding" 4s.
These notes are guar, by the B. ft O. See form,
V. 89, p. 918.
The ref. mtge. bonds (dated 1904, for which the purchase
money notes of 1908 were exchanged) have been or are to be canceled.
(c)
(<f)
A
8
(of
^
2. General Mortgage (see above)—Total Issue, >20,000,000.
The fixed interest on the general mortgage will be payable Jan. 1 and
July 1, and the Interest dependent on income (non-oumulative) will be
payable Nov. 1 yearly. Of the generals. >15.000.000 are Issuable In ex¬
change for the 4
notes, the remaining >5,000.000 for floating debt, fto.
In consideration of the undertakings of the B. ft O.. the original bonds
Issued under the general mortgage are to be subject to call on any July 1
prior to July 1 1916. for exchange for new 4% bonds secured by the gen.
mtge. and guar, by the B. ft O. as to prln. and lnt. The original bonds are
also to be subject to call for payment at par and accrued lnt. and the 4%
guar, bonds at 103 and accrued lnt. on any Jan. 1 or July 1.
During July 1916 (or sooner. In case of earlier acquisition by B. ft O.
of the controlling stock) the B. ft O. will, upon demand, unless said gen.
mtge. bonds shall have been sooner redeemed, at Its option either (a) pay
85% In cash and Interest for said bonds or (b) Issue In exchange therefor a
B
ft
4^o bond
the B.secured
saidwhether
gen. mtge.
and such
guar.purchase
prln. anaorlnt.
exchange.
by the
ft O. toby
elect
to make
GUARANTIES.—Guarantees securities of Cln. Ind. ft West., Dayton ft
Mich, and Cln. Find, ft Ft. Wayne; also >933,000 Ipd. Deo. ft West. 5s.
Also guaranteed >9,207,000 Pere Marquette refunding 4s, but stockholders
of C. H. ft D. subsequently voted to cancel lease and guaranty.
V. 85,
p.
653; V. 87, p. 12<r
EARNINGS.—2
i
'•
.
mos.,fl910
11909
July 1 to Aug. 31.
REPORT.—Report for
Year ending June 30—
Miles operated
Gross earnings
Net Income
Deduct Interest on bonds
Interest on bills payable,
year
Ac
Rentals
*
H
•
•'
" *
Balance, deficit, for year
.4
«
i
'
Gross, >1,706,745;
Gross,
1,575,499;
net, >386,170
net. 339 620
ending June 30 1910 In V. 91, p. 1091.M *4
1907-08.
1908-09.
1909-10.
1,036
1,038
1,036
>9,446,524 >7,897,047 >8,011,483
1,131,078
1,145,955
1,554,228
2,206,176
2,217.262
1,786,899
246,577
234,522
128,004
368,073
370,247
358,588
^
>720,263 >1,691,922 >1,673,902
OFFICERS.—Chairman of Board. Daniel Willard; President, William
Cotter; Vice-Pres., J. L. Cramer; Sec. and Treas., F. M. Carter; Asst.
Sec., E. M. Devereux.
Directors—Oscar G. Murray, L. F. Loree, Geo. F. Randolph, William
Cotter, Geo. W. Perkins, Charles Steele, Frederick W. Stevens, George F.
Baker, Daniel Willard, Joseph Wood, E. R. Bacon, Henry F. Shoemaker,
F. D. Underwood, Harry Bronnerand Norman B. Ream.—(V. 91, p. 1095.
CINCINNATI INDIANAPOLIS & WESTERN RR—Hamilton. O.. to
Springfield, Ill.. 284 miles; Stdell. Ill., to West Liberty, 77 miles; trackage.
West Liberty to Olney, 8 miles. A consolidation Sept. 1902. V. 75, p
Stock authorized, >8,200,000; Issued, >7,115,800; all
239, 289, 497, 732.
owned by 0. H. ft D., which received dividends thereon In 1902-03, >126,798;
In 1903-04, >167,322; In 1904-05, >156.095.
BONDS.—The “first and refunding” 4s of 1902 (>8.200,000 authorized
issue) are guaranteed principal and Interest, by C. H. ft D. by endorse¬
ment, V, 75, p. 1201, 1335; V. 77, p. 1290.
Guaranty, V. 78, p. 2011.
The I. D. ft W. bonds are redeemable by lot at 110 at any time on eight
weeks’ notice; >933.000 are guaranteed by Cln. Ham. ft Dayton.
Car
trusts June 1910, >36.000 4% equipment notes, due semi-annually to Nov. 1
1911 ind.; int. M.&N. at Blair ft Co.. N.Y.—CV.88. p.451; V.89, p. 469.) fl
See text
4H
g J
J
A
M
J
J
A
J
See text See
J
4 g
5 g
4
5 g
4 H
4H
6
4
4)4 g A
4)4 g A
5
&
5
4
5
4
4
J
J
J
J
J
M
M
g
g
g
g
g
4
5
4 g
1 ooo
4 g
1898
0 coll f or tempo rary loans; there Is a
d >1 9,000 to r
or tem porary 1 oan.
100
1,000
1,000
1886
1902
the finances having been readjusted without foreclosure per plan of June
1909 (V. 88, p. 1436, 1498).
Under the plan the management of the system
was taken over by the B. ft O. RR., and the ownership of the controlling
to
stock Is
be acquired by that company at the end of 7 years from July 1
1909 at a price then to be fixed by arbitrators; during the 7 years said
for time being of B. ft O.
1.200,000
3,500,000
736.000
91
ORGANIZATION.—The company resumed possession on
8.000.000
1 .onn
142
9
Cincinnati Indianapolis ft Western—See Cincinnati H amllto
Cincinnati Inter-Terminal RR—1st pref stk (see text) Text
38
Cincinnati Lebanon ft Northern—First mortgage—c
52
1st con M >1,500 000 g gu p ft 1 end (V 75 p 1398) .c*
148
Cin ft Musk Val—1st M *2 non non g gu p ft I end F.c^
IncL June 30 1910 b >4,300,000 In treas. and >1, 023.00
1908.
c >2,064,000 In treas. and >300,000 coll, f
1,150.000
100
1,000 17,500,000
1.000
300,000
1.000
300,000
> ft £ bl4.500.000
C 20.000.000
1.000 dll.557,000
594.000
1,000
1889
1909
1909
1908
14
All
All
1,000
1.600
1887
1892
1892
1891
1905
1887
Chicago
35,984.000
>5.000,000
7,533,667
1903
Places Where Interest and
Dividends are Payable
Q—M 31 Oct 11910 1H
Q—M Dec 1 1932
j
ft
J July 11952
1.000
91
Last Dividend
and Maturity
6
6 g
4 g
1882
48
,
Second (now first) mortgage gold
--Fc*
...Me c*
General mortgage >7 8no non gold
Cincinnati Dayton ft Chicago first mtge gold
N
Cln Day ft Ironton 1st M g guar (assumed)—Cos*
Oln Ham & Dayton consol mortgage
Ce
Cincinnati & Dayton 1st mortgage
Toledo Findlay ft Springfield 1st M—
1st ft ref M >75,000.000 auth, part gu.Bax.c'&r*
General mortgage >20,000,000 redeemable text..Ce
Coll tr pur m notes >11,557.000 g gu p&l redparCe.xc
Car trusts gold >54 ooo due s-a begin Oct ’Oft-.Ce'C
.
Car trusts *92.onn due semi annually
Car trusts Ser A due >115,000 seml-ann
_.Ba.
Ind Deo & W 1st M gold red (not guaranteed..Ce
iguar p ft 1 (end)--.c
at 110
O I ft W 1st ft ref M >8.200,000 g gu p ft I end-.Ta
Dayton ft Michigan fi st mortgage guar p ft 1 end-.c
Date
Bonds
>100
Chicago ft Western Indiana—Stock (see text).
mortgage gold
sink fund1
cGeneral
.5
0
subj to call
Gone M >50.000,000 g
--IC.c*&r
igo ft West Michigan—See Pere Marquette RR
new
39
RAILWAY STOCKS AND BONDS
Oct., 1910.]
804,500
200,000
1,255,000
1,750.000
F
J
1 1955
Jan 1 1937
Junel 1942
Apr 1 1942
J P Morgan
ft Co N Y
Ill Tr ft S Bk. Ohio; ANY
Offloe 80 Broadway, N Y
Sept '08 ooupon not paid
ft Co. N Y
j" P Morgan" ft Co N Y
ft
J
ft D
ft O
ft N
ft
J
ft
J
ft O
ft
J
text
ft
J
ft
O
ft
O
ft D
ft
J
ft
J
ft
J
J
ft
ft N
ft N
do
do
do
do
1
do
do
May 1 1941
Owned by Company
Jan 1 1955
do
do
July 1 1937
do
do
Oct 1 1929
J P Morgan ft Co, N Y
July 1 1959
do
do
July 1 1939
Central Trust Co, N Y
July 1 1913
J P Morgan ft Co. N Y
To Apr 1 1916
To Oct 1 1914 R Wlnthrop 4 Cn N Y
Morgan ft Co, N Y
To J’ne 1 1920
Central Trust Co N Y
Jan 1 1935
do
do
Jan 1 1935
J P Morgan ft Co N Y
Jan 1 1953
J P Morgan & Co N Y
Jan 1 1911
Un Say Bk ft Tr Co., Cln
Nov 1 1939
Nov 1 1923
ft
ft
ft
ft
Jan 21916
Nov 1 1942
Aug 1 1948
A
J
N
A
_
_
Aug 1 1910 2%
M
F
Iso >13,0 00,000
etlre rem alnlng
L ft Tr Co N Y
add’lund
refundln
CINCINNATI INTER-TERMINAL RR—Owns a
connecting the Chesapeake ft Ohio bridge and the
road 6 miles In length
Cln. Ham. ft Dayton
Controlled by Chesapeake ft Ohio Ry.
terminals.
Common stock, >10,000
In >100 shares. Issued for purpose of oontrol.
There is authorized
000 of first preferred 4 % cumulative stock secured by mortgage to
Union Savings Bank ft Trust Co. of Cincinnati, as trustee, and
>1,000,the
rentals paid
by Chesapeake ft Ohio and Louisville ft Nashville, and subject to call on
any Interest day after Feb. 1 1915 at 105.
V 79, p. 212; V. 80 p. 1728,
2398, 2620.
Rentals received to year ending June 30 1909, >32,436: dlvs.g
>31,804; bal., sur., >632. Pres., Geo. W. Stevens.—(V. 80, p. 2620.)
CINCINNATI LEBANON & NORTHERN RY—Owns
Cincinnati. O.. to
Dodds. 38 miles, including 6 miles from Lebanon to Dodds, leased to the
Dayton Leb. ft Cin. RR.; Middletown June, to Middletown, O., 14 mllee
(former Mid. ft Cln. RR., taken over Jan. 1 1903); total, 52 miles.
Stock
authorized >1.500.000: outstanding >1,100 ooo. mostly owned by Penn.
Co.
V. 75, p. 980.
of
3%
paid in 1906 and 1909. Of the >1*Dividend
500,000 first cons. 4s of 1902, guar. prln. ft lnt. by the Pennsylvania Company,
>200,000 are reserved to retire the 5s due 1916.
V. 77, p. 86.
dlvs.
>33,000; net,
»,
74,553;
(3%),
sur.,>101,729;
>33,284.—(V.
fear
1909,
gross,
>351,840;
other77.Inc.,p. 86.)
>39,108;
Cal.
charges;
^ d
CINCINNATI & MUSKINGUM VALLEY RR.—(See Maps of Pennsyl¬
vania RR.)—Owns Morrow, O., to Trlnway, O., 148 miles; half Interest
Zanesville Terminal RR., 5 miles.
V. 77. p. 86
Of the bonds, >250,000 are reserved for future needs; sinking fund retires
yearly 1% of those outstanding, If offered at par or less. The Penn¬
sylvania Company guarantees the bonds, principal and Interest. See
form of guaranty, V. 76, p 653.
Stock. >2,000,000, all owned Jan. 1 1910
by the Pitts. Cln. Chic, ft St. L. Ry.
Dividends: 1900 , 6 %; 1901 to 1906;
ind., 2% yrly.; 1907 and 1908,4%: 1909. 5%.
Penn. RR. owns >1,318,of
000
the >1,750.000 bds
Car trusts, >67,200 3 H®, payable >22,400 ycly.
Yr. end. Dec. 31—
Gross.
Net Inc.
Interest.
Dividends. Balance.
1909
...>928,011 >244,782 >70,000 (5%)>100,000 >74.782
1908
783,888
70,000
55,719
205,719
(4%)80,000
Payments in addition to above In 1909 were >17,694 for addition^ im¬
provements; ftc. (against >10,346 In 1908). and >17,881 for prln. and tnt.
of car trusts and hire of equipment, fto.—(V. 82, p. 1494.)
CINCINNATI NEW ORLEANS & TEXAS PACIFIC RY.—(See Map of
by city of Cin¬
Southern Ry.)—Operates Cincinnati Southern Ry., owned
cinnati, Cincinnati to Chattanooga, Tenn., 335 miles; trackage, 2 miles.
In
Jan. 1903 the entire stock of the Harrlman ft Northeastern Ry., 20 miles,
was
acquired, but road Is operated separately.
V. 77, p. 1743.
In 1901 lease was extended 60 years to Oct 12 1966; rental until Oct. 12
1906 was modified beginning July 12 1902 to >1,050,000 yearly,
ing >50,000 per quarter to be deferred as It accrues and to be
at rate of >40,000 yearly, with Interest on deferred payments at 3 %; 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,
has prior rights on dissolution, but no voting power.
V. 74, p 528, 829.
DIVIDEND.—On pref.. 1H %, paid quarterly Sept. 1 1902 to Sept.
both Inclusive.
On common, 2%, paid Dec. 1 1903 out of accumulated
the remain¬
paid auarterly
1910,
earnings to June 1903; Sept. 1 1904, 2%; June 1905. >%; Deo.. 2%;
June 1906, 3%; Dec., 2H%: 1907 to 1909, 5% (J. ft D.); 1910, June, 2 H%.
On April 1 1906 >1,500.000 5% notes were Issued to pay for Improvements;
payable >150,000 semi-annually to April 1911 inclusive. V. 83, p. 1225.
>500,000 3-year 6% notes were sold. V. 85, p. 1338. * id
STOCK.—Common, >3,000,000, controlled In interest of Southern Ry*
and Cincinnati Hamilton ft Dayton Ry.
V. 61. p. 26; V. 65, p. 1173.
Stockholders In May 1908 subscribed for >453,400 new preferred stock
In Nov. 1907
raising the amount outstanding to >2,453.500. V. 86. p. 1099.1409.
Gross, >1,577,758; net, >663.826
2 mos., July 1 to Aug. 31.11909
Gross,
473,397
1,323,127; net,
ANNUAL REPORT.—Report for year ending June 30 1910 was In
“Chronicle” Oct. 29 or Nov., showing: Gross, >9,079,472; net, >3,312,269;
oth. Income,>291,987; lnt..rentals, ftc.,>1,406,732; Impts.,>1,475,959; dlv.
on pref. (5%), >122,670; dlv. on com. (5%), >150,000; bal., sur., >448.895
In 1908-09, gross, >7,826,982; net, >2,507,299.—(V. 91, p. 1095.)
it par.
LATEST EARNINGS.—(1910
CINCINNATI NORTHERN RR.—(See Map Cleveland Cin.
Chicago A St.
Louis.)—Owns Franklin, O., to Jackson, Mich., 208 miles; trackage (O. O
On Jan. 1
C. ft St. L.), Franklin to Cincinnati, 38 miles; at Jackson, 1 mile.
1910 Clev. Cin. Chic, ft St. L.owned >1,707,400 of the >3,000,000 stock
and >581,000 bonds.
First dividend on stock, 3%, paid March 1 1910.
In year ending Dec. 31 1909, gross, >1,177,691; net Inc., >264,456; charges,
>114.770: div. (3%), >90,000; balance, sur., >59,686.
For 8 mos.
Aug. 31 1910, gross, >827,947, against >731,799 In 1909; net, >167,812,
ending
against >148,518.
Pres., W. C. Brown.—(V. 90, p. 697.)
-uk'-s
CINCINNATI RICHMOND ft FORT WAYNE RR.—Ownsi from Rich¬
mond, Ind., to Adams. Ind., 86 m.; leases 5 m. of P. Ft. W. ft O.
Now op¬
erated (Sept. 1910) by Grand Rapids ft Indiana Ry. Rental, net earnings,
lnt. Is guaranteed by the Pennsylvania Co. and Pitts. Cln. Chic, ft St. L. Co.
Jointly (the P. C. C. ft St. L. taking the place of the Cln. Ham. ft Dayton
in 1888).
Stock, >2,186,600 (par >50,) of which Penn. Co. owns >1,257,900.
Due guarantors Oct. 1 1910, >1,779,028.
Year end. Dec. 21.
Net.
Balance.
Gross.
Interest, Ac.
1909
1908
>668,639
613.703
>102,995
114,999
>184,720
163.938
def.>81.725
del. 48,939
CINCINNATI UNION DEPOT & TERMINAL CO.—V. 91. p. 518.1-41
CLEARFIELD & MAHONING RY.—(See Map Buf. Roch. A Pitts.)—
Owns road, completed In 1893, from Du Bols Jet., Pa., on Buf. R. ft P., to
Clearfield on Beech Creek RR., 26 miles.
Leased during corporate existence
and renewals thereof to Buffalo Rochester ft Pittsburgh—which see—at a
rental payable In gold and equal to 6% on >1,000,000 stock,par >50,and5%
on
bonds, the latter being guar., p. ft I., by endorsement.
In Nov. 1909
the authorized stock was Increased from >750,000 to >1,000,000, of which
>150,000 has been Issued. V. 89. p. 470, 1141.—(V. 89, p. 470. 1141.) *
40
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first
pave]
Cin NewOrl & Texas Pac—Com stock
S3.000.0CO
Preferred stock 5 % cumulative 13,000,000
Notes, last Installment
Notea—Equip trusts last Installment (V 78, p 1301)
Miles
Road
.
-
-
— —
•
•
•
•
-
-
86
177
-
—
Cleveland Cincinnati Chicago A St Louis—Com
•
Preferred stock 5 % non cumulatlve
»
stock
CI St L A C con M drawn at 10ft sink fund 1
%_..c*
Gen 1st M $10,000,000 gs t not drawn
Ce c&r
Cleve Col Cin & ind consol mortgage
(see text)
Gen cons mortgage ($12,000,000)
gold--Us.c*Ar
Indian & St L 1st M in 3 series of
$007.000...Us^:
2d M ($2,000,000) gold
Indian«p to Terre H...C*
Clev Cin Chic A St L White Wat Va! DIv 1st
g.Ce.c*
Spr A Col Dlv (Col Sd A Cin) 1st M gold
Ce c*
Cairo Division 1st M $ft,000.000 gold
Ce#*
St Louis Dlv coll tr gold ($331.000 In s f).-Ce.c Ar
Qncfn Wab A Mich Dlv first mtge gold
Us c*
Gen M100 years for $30,000.000 gold
Mex.<
New bonds, $20,000,000 authorised
Notes $5,000,000 gold
c&r
...
1904
1906
1901
1871
194
203
1880
1886
1874
1884
1869
1882
1890
1890
1890
1890
1891
1,021
1893
.
»
.
_
391
39)
72
72
62
45
267
...
.....
---
Obligations for Proprietary Lines
Cincinnati Sandusky A Cleveland*—Preferred stock.
170
125
45
Ch I A St L S L 1st M $3,000,000
gold gu
Louisville A Jeffersonville Bridge 1st M— See
thatCo
Cleveland Columbus Cincinnati ft India
Cleve Lorain ft Wheel—Con mtge (now
1.000
1,000
1,000
1,000
500 Ac
1,000
1,000 Ac
1,000
1910
1907
1.000
500 fr, Ac
i.uoo Ac
60
426.967
1888
1903
1903
1,000
1,000
1,000
—
'
“
'
~
are guar., pirin. &
int”by the Penn. Company;
retire the gen. 5s due 1927; V. 71,
p. 390; V. 7ft,
p. 653; V. 77, p. 1746, 2280
Report for 1907 In V. 87; p.282. In 1909.
gross. $2,240,200; net. $551,431; oth. Inc.,
$20,893; chgs.,
are reserved to
$232,476; dlv.
(49$). $160.000;add. Aimpts., $164,765;baL.sur..
$15,083.—(V.87,p.282.)
CLEVELAND CINCINNATI1 CHICAGO ft ST. LOUIS RY.—(See
Maps
m Y. Central A H. n.
Nfl.).—ROAD.—Radiates from Indianapolis, Ind.
westerly to Chicago, Peoria, Cairo, Itl., St. Louts, easterly
to Sandusky,
Cleveland. Columbus and Cincinnati, O., and
southerly to Louisville.
Owned Dirictty—
Miles.
Leased and Controlled—
Miles
Cleveland. O.. to Columbus. 0—138 Cincinnati A
Springfield Ry.
48
Gabon, o.. to Indianapolis.
203 Colum. Hope A Greensb’g RR_.
24
Delaware to Springfield
50
Jointly Operated—
Cincinnati to Lafayette..*—.——170 Ohio. Ind. A St. L. Short
Line..
44
Indianapolis to Terre Haute..... 72
Trackage into Cincinnati. &o— 32
Harrison Branch
7 Trackage into Jeffersonville....
53
Leased—entire stock owned—
Into Toledo (V. 79, p.
Cincinnati Lafayette A Chic. By. 57 Trackage
1023, 2696).
48
QakOr Vincennes A Chic. Ry—
Total Included In earnings...1,982
Operated; earns, kept separate—
Columbus Springfield A Cin.—
Peoria A Eastern Ry
.*351
(Jolumbus, O.. to Springfield.. 45 Cincinnati Northern
...*248
White Water—Harrison. Ind., to
Kankakee A Seneca RR
42
...
—
,
IrE:
Hagerstown, Ind
62 Mt. Gilead Short Line
2
Cin. Wabash A Michigan Ry.—
Louisv. & Jeffemonv. Bridge...
*3
Benton Harbor to Rushvllle and
branch
...249
Total of system Dee. 31
*09—2.628
Other lines
59
Ill. Cent, into Chic. I
Cincinnati Sandusky A Cleve. Ry.— Trackage
On percentage basis
./
...
Sandusky. Q.,to Day’n, O..&C.170
•See this oompany.
Operate* Independently—
Dayton A Union RR. <•)..,
Double track
A new double-track line from
Evansville to Mt. Carmel,
to pc completed about Jan. 1911 under
the charter
47
339
Ind., 30 miles. Is
of the Evansville Mt.
Carmel A Northern Ry.
V. 83, p. 817, 1098; V. 90, p.< 712.
HISTORY. Ac.—A consolidation of the Cincinnati
Indianapolis St. Louis
A Chicago Railway Co., the Cleveland Columbus
Cincinnati A Indianapolis
Railway Co. and the Indianapolis A St. Louis Railway
Ce., made In July
1889. per plan in V. 48, p. 427. Of the com. stock,
$30,207,700 was in Jan.
1910 owned by the L. S. A Mich. So.
Ry., a majority of the entire share
capital. V. 72. p. 86: V. 82. p. 749.
The company Is also one-fourth owner of Peoria
A
Union Ry.
(through the Peo, A East. Ry.), one-fourteenth owner Pekin
In Terminal RR.
Association o* St. Louis, and two-fifths owner of
Indlan&p.
Union
Ry.. and
part owner of Cent. Indiana Ry., Cent. Union
Depot A Ry. of Cincinnati,
union Depot of Columbus, Dayton Union
Ry., Dayton A Union RR., Munde Belt Ry. and Findlay Belt
Ry., which are operated Independently.
STOCK.—The stockholders voted June 21 1905 to Increase
the common
stock from $28,700,000 to $40,000,000 and
Oct. 31 1906 to $50,000,000.
In 1907 $4,806,580 was subscribed for
by stockholders at 90; $2,249,720
additional whs sold to Jan. 1910.
V. 83, p. 687, 1290; V. 84,
DIVIDENDS —y&L ’98. *99. *00. ’01, ’03
Common.
Preferred
_%) o
o
o
3
SH
to ’07. ’08.
4 yearly,
l
5 yearly.
5
p. 1247.
1909.
1910.
o
4
%J2X 5
5
5
5
5
5
RONDS.—The sinking fund provision of the Cleveland
Columbus Cincin¬
nati A Indianapolis consol, bonds
(stamped) has been canceled. The
prin¬
cipal of these bonds Is payable In gold, but the Interest Is
payable at option
of holder. either tn lawful money at
7% per annum or In British sterling at
6%.
Of the Indianapolis A St. Louis 1st
7s, series “A” are J. A J.; series
"B.” M. A S.; series "C.” M. AN.
St. Louis Division bonds, see deed of
trust, V. 52. p. 42-45.
The 100-year mortgage of 1893 Is limited
to
In Apr. 1910
$22,115,000 gen. 4s were reserved for prior liens $50,000,000.
(exclusive of Cairo division.
Peoria Division, Michigan Division and the St.
Louis
Division west of Terre
Haute), and $2,748,000 for equipment, construction and
betterments, Ac.,
$1,000,000 yearly.
See V. 78, p. 1446; V. 79, p. 733; V. 88,
p. 879;
V. 8i
1010;
Guarantees Chic. Indian. A St. L. Short Line
&.y..
V. 90,
p. 626,
1044.
Cent.
Indiana
Ry.
and Springfield Union
Depot Co. bonds.
V. 77,
510, 517, 769, 1863, 2280; vT 78, p. 1906.
The stockholders Nov. 17 1909 authorized 1961; V. 79. p. 2589.
$20,000,000 bonds, of which
$10,000,000 sold May 1910, payable In francs,
to provide for $5,000,000
notes due June 1 1911 and
floating
debt. V. 89, p. 720, 778, 1141; V. 90,
p. 1238, 1296, 1424, 1554.
Jointly with four other roads covenants to
pay New York Central Lines
$80,000,000 equipment trusts of 1907 and 1910,
the company's share of
equipment leased being $3,700,347 and
$2,300,000, respectively. V. 65,
p. 1401; V. 86.
p.
p.
168; V. 88. d. 761; V.
GENERAL
9d.
p. 1677.
FINANCES.—Guarantees Interest on Louisville A Jefferson¬
ville Bridge bonds Jointly with
the Ches. & O.
V. 68. p. 822.
Capital
stock per mile of road owned Dec. 31
1909, $33,260: bended debt. $36,134.
On Mch.
ldiys.
on the com. stock were resumed and initial dlv. of 3% was
Cincinnati Northern stock. V. 90,
p 106.
In May
(TWl£W^ft'a,3Lc?
June 1 ion and forAT° det)a* were
Improvements.
Jab. 1 to Aug.31.
\1909
J
4 g
4 g
M
J
M
A
$10,0W,000
to retire the $9,600,000 notes due
1296, 1424, 1554, 161*. ‘
£ross'
U9M9A0Z; net, $4,266,992
Gross. 17.4*5,759; net, 4,808,629
V. 96, p.
Dividends
Sept 1 1910 1H
O April 1911
<
D Dec 1 1910
l
ft
ft
ft
ft
are
Payable
do
S Mch 1911
N
May’11-May ’16
Y
Y
J July 1 1951
June 11921
D
J
J
S
S
A
A
S
J
A
J
A
in 1910 M
A
5 g
M
A
4 g
F
A
4 g
F
A
In 1910 M A
In 1910
0—J
6
M
A N
4 g
Q—F
or 6 g J
A D
6 g
J
A
J
7
Various
6 g
M A N
4 g
J
A
J
4 g
M A
S
4 g
J
A
J
4 g
M A N
4 g
J
A J
4 g
J
A
T>
4
J
A D
5 g
J
A D
6
5 g
1
Q— M
.
2.671.000
1,500,000
3.000,000
r
6
Last Dividend
and Maturity
LXXXXI.
D June 151910 2 X <
July 1 1910
Jan
'
1 1943
Sept 24 1910 2 %
<
Mch 1 1927
do
Aug 1 1940
do
AUff 1 1940
du
do
Sept 1 1910 2 % J P Morgan A Co N
Oct 20 1910 1 H
May 1 1920
Aug 1 1936
June 11914
Jan 11934
July 1 1919
Nov 11912
July 11940
Sept X 1940
Jan 1 1989
Nov 1 1990
July * 1991
June 1 1993
June 11930
June 1 lull
do
do
do
do
do
do
doc
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
4o
do
do
do
N Nov 1 1910 3%
do
do
J Jan 1 1928
do
do
N May 11953
Central Trust Co N Y
O Apr 11953
J P Morgan A Co N Y
land I ndiana polls St Louis ft Chi
cage—Se e Clevela
192
1893
1,000
5,000.000
5 g
A
A O
192
1896
1,000
890.000
5 g
J
A D
192 1900
1 000
4H g J
4,000,000
A
J
trustee), $1,028,000
$1,800,000
4
500,000
650,000
1.103.730
5.000.000
10,000,000
4.600,000
25,137.000
10,000,000
5.UU0,000
A
6
5 g
1.023,000
624.000
47.056.300 4
10.000,000 5
623,000
7.250,000
4.138,000 7
3.205,000
2.000,000
1,000
1905:
Phila,,
900,000
1,000
1,009 Ac
'
-
85,000
650.000
4.000,000
1,800 000
ft
A
A
A
4
M
A
4K g M A
4
J
A
7 K
J
A
1,067.000
1,000,000
1.800,000
100
500 Ac
1,000
1,000
100
100
CLEVELAND AKRON ft COLUMBUS RY.—{See
HR.)—Owns from Hudson, o., to Columbus. O., 144 Maps of Pennsylvania
miles; Dresden branch.
KUbuck to Trinway, 84 m.: Apple Creek
branch, 9 m.; Howard coal branch,
4 m.; coat spurs, ft m.; total
owned, 196 m.; trackage. Trtnway to Zanesville.
17 m.
Owns a fourth Interest In Akron A Barberton
Belt RR„ 24 m.
V. 76, pi 433.
Car trusts Dee. 31 1909, $588,773, due $82,992
yearly.
Penn. Co. took control June 1 1899.
purchasing $2,237,900 of the $4,000,—
5 in 1909 J
5 In 1909
86.000
50
....
....
Payable
1.000
1887
1900
1900
...
When
%
1,000
1,000
1,000
1.000
1893
175
Rate
150.000
....
$4,000,000/guaranteed p A1 end. ] 188 f
\ not guaranteed.
gold sinking fund
1906
1907
....
26
Cleveland Akron & Columbus—Stock $4,000,000
General
Amount
Outstanding
$3,000,000
2,453.400
100
«..
Bdo Ser B due $07,000 seml-ann (V 82 p 928)
First consol mtge
Par
Value
$100
nati Northern—1st M $3,000,000
gokl-.G c*Ar
nati Richmond & Ft W—1st M gold Int guar.c*
d & Mahoning—Stock 0% rent $1,000,000 auth.
First mortgage gold guaranteed B R A
P-.G,c*Ar
mortgage (how first) gold
Date
Bonds
[VOL.
nd Cincinnati C nicago A St Louis
Oct 1 1933
2 Wall Street New York
June 1 1936
do
do
Jan 1 1930
do
do
REPORT.—Report for year ending Dec. *1 1909 In V. 90, p. 661, 712.
Year ending Dec. 31—
1909.
1908.
Inc. or Doc.
Railroad revenues
$27,657,741 $24,242,617 +$$,415,124
Operating income (after taxes)
7,011,380
5,062,684
+1.946,696
Other income,
623,233
554,026
+69,207
Gross corporate Income.
Rentals of leased lines
Interest on bonds, Ac.
Hire of equipment, incl. Interest
Other rents
Prop, loss oper. Cent. Ind. Ry
Dividends on preferred, 5%
Dividends on common, 2%
$7,634,613
$120,000
3,391,700
652,784
641,117
52,641
500,000
i
941,126
$5,616,710 +$2,017,663
$120,000
3,321.923
+$69,777
894,055
—241,271
571,952
+69,165
+63,641
500,000
+641,126
Balance, surplus for
year
$1,335,246
$208,779 +$1,126,467
W. C. Brown, New York; Vice-Presidents, E. V. W.
Rosslter, John Carstensen, C. E. Schaff. A. H. Harris
and C. F. Daly; Sec.,
Dwight W. Pardee. New York; Treas., Chas. F. Cox, New York:
Auditor.
P. A. Hewitt, Cincinnati. Ohio.
Directors.—William K. Vanderbilt, Fred’k W. Vanderbilt.
Chauncey M.
Depew, J. Pierpont Morgan, William C. Brown, Geo. F. Baker,
Wm. K.
Vanderbilt Jr., Wm. Rockefeller, Wm. H.
Newman,
James
Stillman,
Walter P. Bites, of New York.—(V.
90, p. 108, 372, 447, 626. §91. 712.
1044 1238, 1296, 1424, 1554, 1613.)
OFFICERS.—Pres.,
CLEVELAND LORAIN ft WHEELING RY.—(.See MapB. A CM—Owns
from Lorain. O., to Bridgeport, O.,
opposite Wheeling, W. Va., 158 m.; Les¬
ter to Cleveland, 28 m., and branch to
Bell&ire. O., 6 m.; operates St.
Clatrevllle A Northern, 3.33 m.; total, 195 m.; and has
trackage Into Wheel¬
ing.
V. 80r
p.
1174
HISTORY.—Operated
by the Balt. A Ohio, which owns all of the stock.
See that company and V. 72,
p. 480; V. 73, p. 236; V. 86. p. 602.
STOCK.—Common, $8,000,000. and pref.. non-cum., 5%. $5,000,000
$100.
After
par
5% on each, both stocks share alike.
V. 60. p* 1056.
DIVIDENDS.—On oref., 1896. 3%: Dec; 1904, 2X%: 1905 to April
1908, 5%: no further dlvs. to be declared. Dlv. on com., 2 H% 1* 1608.
BONDS.—Of the $10,000,000 consol,
refunding gold
the remaining
$6,000,000 are reserved to retire old 5s. V. 70, p. 230, 4Hs,
480.
REPORT.—Report for year ending June 30 1906 was in V. 67.
p. 1416.
In 1906-69, gross, $3,796,168; net,
$17*16,152; other Income, $4,036; chges..
Ac., $506,168; balance, $714,022.
Earnings
now Included inth those of
Balt. A Ohio.—(V. 87. p. 1416.)
CLEVELAND ft MAHONING VALLEY RY.—Owns from Cleveland, O..
Sharon. Pa., 81 miles (57 double track); Niles, O.. to New
Lisboa, O.,
and branches, 44 m.
Leased to Nypano rr. (formerly N. Y. Puna. A
Ohio) till 1962; rental $526,967
per annum.
Coupon
Interest Is J. A J..
registered Interest, Q.-J. Stock Is $3,259,200. of which $3,253,256 tfe held
by **Atlantic First Leased Lines Rental Trust Co.. Limited,**
of London.
Dividends In 1697. 13$*%; 1898 to 1904. both
Inclusive,
1905, 11-42%; In 1906 to 1909, 11.40%.—(V. 63. p. 968.)13H% yearly; la
CLEVELAND* MARIETTA RY.—Owns from Marietta.
O., to Cana)
Dover, 103 milea, and branch. 7 miles, Zoar, O., to Canal
leased.
Stock. $2,000,000, of which the Pennsylvania Co. Dec. 31Dover.
1906
31.791,900 (par $100); surplus earnings over charges go to C. A M. owned
Dlvs.
paid In 1906 (3%), $60,000; in 1907, 4%; In 1908, 5%: In 1909.
6%.
BONDS.—Guaranteed prin. and lnt. by Penn. Co.: sinking fund 1%.
EARNINGS.—In 1909. gross. $1,045,364; net. $394,203; tat. oa
$56,250; improvements, $188,556; other charges, $8,583; dlvs* (6%). bonds,
$120.000; bal., sur., $20,813.
In 1903, gross, $937,933.—(V. 88, p. 52 J
CLEVELAND ft PITTSBURGH RR.—(See Map Pennsylvania Railroad.)
—Cleveland, O.. to Rochester, Pa.. 124 miles; branches—Bayard, O.. to
Roswell. O., 39 m.; Yellow Creek to Bellalre, 43 m.; trackage, Rochester to
Pittsb. (P. Ft.W. A Chic.). 26 m.; other
trackage, 23 m.; total, 255 miles
to
LEASE.—Leased for 999 years Dec. 1 1871 to Penn. RR.
Co., and lease
transferred to Pennsylvania On.
Rental, dividends on stock. Interest
on
bonds and organization expenses.
“Special guaranteed betterment
stock*’ (subordinate to the original stock as to
dividends only), with divl.
deads of 4% guaranteed by the Penn. RR., Is Issuable
for Improvements.
V, 79, p. 2206, 2642; V. 83. p> 625; V. 85,
p. 1082; V. 87, p. 8L2.
BONDS.—Generals are all equally secured; guaranty. V. 56,
p. 664.
EARNINGS.—In 1909, gross earnings, $11,104,914;
net, $4,626,277:
profit to lessee, $2.517,333.—(V. 87, p. 812; V. 89. p. 992.)
CLEVELAND SHORT LINE RY.—To be a belt line around Cleveland.
O., from a point near West Park, 7 miles west of Cleveland,
northeast to Collin wood, 19.05 miles, of which 9.68 miles In east, thence
In
Sept. 1910. V. 91, p. 654. Stock, $3,700,000; all owned byoperation
Laku Shore
A Mich. South.; par, $100.
V. 86, p. 167. Pres., W. C. Brown; V.-P.,
Dw C. Moon.—(V. 88, p. 563; V. 91, p.
654.)
CLEVELAND TERMINAL ft VALLEY RR.— (See Map Baltimore A
Ohio.)—Owns from Cleveland, O., to Valley
Junction, 70 miles; branches,
II miles: yard trade and sidings, 89 miles.
STOCK.—Of the $4,615,300 common (par $50) B. A O. owns
$4,594,300
and of the $2,660,760 preferred, $1.826.700;
par, $100.
BONDS.—The 1st M. bonds are guar., p. A 1.. by B. A O., endorsed.
Due B. A O. on general account June 30
1909, $1,176,056.
REPORT for year ending June 80 1906 was In V.
87, p. 1297. In 1903-09
gross. 31 •056,488; net, $280,435; other income, $31,702:
bal., sur., 366,900.—(V. 85, p. 1395; V. 87, p. 1297; V.int., Ac*. $246,237;
89, p. 1223.)
COAL ft COKE RY.—Owns from Letter, W. Va., to
Charleston. W. Va..
166,4 miles; trackage. Roaring Creek Jet. to
Elkins, 7 6 m., and Roaring
Creek Jet. to Letter? 1.8m.; Mable to
BelUngton. 17.7|m.; branch Gangway
to Sutton, 6.5 m. (completed Jan.
1910); total June 30 1910, 199.«tmlles.
Company’s own line under construction Oct. 191Q from Elklns
toJL C, Jet..
7.6 miles.
About 100,009 acres of coal lands are owned.
,llir,
.
41
RAILWAY STOCKS AND BONDS.
Oer., 1910.]
Mites
RAILROAD COMPANIES
lPm abbreviations, Ac., see notes on first page]
Cleve ft M V—Cons m (now first) $3.000.000
jk
Road
g-Ce.cftr
125
103
Par
Value
1888
1895
$1,000 Ac
Outstanding
1 1938
Winslow. Lan ft Co N Y
Farmers L ft Tr Co N Y
May 1 1935
Sept 1 1910 IH Winslow, Lan ft Co N Y
do
do
Sept 1 19J0 1%
Jan-Oct 1942
1948-1950
Oct 1 1942
do
do
do
do
do
do
1892
1903
1,000
4.031.000
Apr 11919
Elkins W Va or Balt
Ac
600,000
8.946.000
31,000,000
8.500.000
June 1 1898
Reading Terminal. Phlla
26 Liberty St.. N Y
Office. 26 Liberty. N Y
do
do
1892
•98-00
13
261
1868
Guaranteed prln and Int ISeries
(end) Penn RR
J Series
Dividends are Payable
1,000
1,000
1,000
c* 205
gold--F] Series A ft B-205..
C ft D
_--o* 205
H
Bint reduced. _
Cleveland Terminal ft Valley—See Baltimore* Ohlo.
104
Coal & Coke—First mortgage $5,000.000 gold
Gen M $10.000.000
Places Where Interest and
Jan
$2,936,000
1,250,000
11,247.700
9,387.550
4,561,000
4.584.000
1.000
50
50
$10,738,135 guar 4%——
Last Dividend
and Maturity
Amount
Date
Bonds
439,000
al ft Iron—See Western Maryland.
M ot WOT.c
M
First preferred 4 % non-cumulatlve $8 ,5Q0,000-—
Second preferred4% non-oumuiatlye $8 500,000
First mortgage gold $20.000.000
-.--.Ta c*
Ref M $100.000,000 g red 101-- - —- - - - -Ce xc^rj
Bqulp bonds ser A due s-a red 101 (V 84 o 507)
Q
Colorado Southern New (Means ft Pacific -See
Colo Sp ft Crip Cr D Rirr»2Ag'wVi,w e
St. Lo
Sf
$3,800,000 fold---- --Q^c*r
75.000.000 .
Colorado Texas ft Mexico—First
Colum Newb ft Laurens—1st M $12.000 per m
.SBa
Colombia Southern—First mtge gold $2.100,000-_-N
nmbia ft Greenville—See Southern Ry
-.ambus & Toledo—See Hocking Valley Ry
olumbus ft Xenia—Stock 8 % rental
ombinathm Bridge (Sioux
oncord ft Claremont (N H)
Concord ft Montreal—Stock
Stock Class II (B C ft M new)
Stock Class III <B C AM old stock)
First consol mortgage
1897
1882
1899
1905
100
'
1,000
100
100
100
19.402.000
27.882.000
669.000
1887
1898
1,000
1,000
899.000
700,000
50
1895
1894
500 Ac
1,000
1,786.200
500,000
500,000
75
70
55
71
100
100
100
100
_
Stock Class tV (Concord) (text) -B C ft II impt M. to be paid off Jan 1
X
Series ~A.” JftJ;
r
1511
c
y"C” MAN;
**B ” A&O.
166
“d:
1881
1,000
COLBBROQ1CDALE RR.—Pdttstown to Barto, Pa.. 12.84 miles. Leased
Reading Ry. Common stock. $297,215; par. $50.
COLORADO MIDLAND RY.—Owns from Colorado Springs to New
Castle, Col., through Busk-Ivaahoe tunnel, 221.92 miles; branches. Basalt
to Aspen, 19.37 m.; Cardiff to Spring Gulch, 15.01 m.; Arkansas Jet. to
Lcadvllle, 4.80 m.; total owned, <261.10 miles. Leases Rio Grande Jet. Ry.,
Rifle Creek to end R. G. J. Ry., 62.06 m.; trackage to Rifle Creek, Ac., 14.46
m.; total operated, 337.64 miles.
to Phlla. ft
ORGANIZATION.—Successor Oct. 1897 to the Colorado Midland Rail¬
road, foreclosed and reorganized per plan In V. 64, p. 1224.1226.
In May
1900 a majority of the stock, If not the entire Issue, was purchased by a
syndicate in the Joint Interest of the Colorado ft Southern and Denver ft
RIO Grande. V. 70, p. 686. 791. 997, 1290; V. 71. p. 26; V. 73. p. 1111.
Pref.. $6 000.000; common, $4,000,000.
EARNINGS.—2 mos., /1910
.—Gross.
July 1 to Aug. 31.
(1909
Gross,
$358,208; net. $69,893
74,118
398,190; net,
Year—
Gross.
Net.
Misc. Inc. Charges.
Balance.
1909-10
$2,340,286 $328,432
$38,583 $499,308 def.$132.293
1908-09
489.529
2,312,590
383.389
59,054
def.47,088
OFFICERS.—Pres., A. D. Parker; Vice-Pres., Chas. H. Schlacks;
Treas., Henry L. Hobbs; Sec., L. B. Johnson, Denver; Asst. Sec., L. E.
Katzenbach, N. Y.; Asst. Treas., H. B. Henson, N. Y.
Directors—George B. Harris, A. D. Parker. Darius Miller, W. P. Clough,
Edwin Hawley, George J. Gould, Edwin Gould, Winslow S. Pierce. E. T.
Jeffery and Chas. H. Schlacks.—(V. 89, p. 778; V. 90, p.447.)
COLORADO ft SOUTHERN RY.—(See Map.)—Operates a system from
Orln Jet.. Wyoming, through Colorado to Fort Worth. Tex., and by ex¬
tensions built to 1906-07 reaches tidewater at Galveston, Tex., and also
Houston, Dallas and other points, vis.: (‘which see).
-
...»
Lines Owned—
Miles.
Controlled—1 - ’ •
Cheyenne to Orln Junction
154 Denver ft Interurban RR
Denver to Southern Jet.. Colo—129 Oolorsdo RR.(VJ17.p.677)
Denver to Leadv. (nar. gauge)..152 Walsenburg ft Western
Como to Baldwin Mine
(do >..132 Fort Worth ft Denver City
Col. Spr. ft Crip Cr. District
Walsenburg Jet., Col., to Texas
State Line
176 Wichita Valley Ry
Oth.llnes.br..Ac.(106 nar. gauge)298 Wichita Falls ft Oklahoma
Wichita Valley RR
Trackage—Pueblo to Walsentrg
*
Total
•.
Miles
27
42
1
.*454
.‘74
*52
23
61
39
82
Total June 30 1910
2,061
Also owns beneficial half Interest In Colorado Midland, operating 338 m.,
and In Trinity ft Brazos Valley Ry.
See those companies. The Stamford
ft Northwestern Ry., Stamford, Tex., northwesterly 82 H m., was com¬
pleted Oct. 1909. V. 89, p. 1281. In June 1910 construction was begun
on a new Joint low-grade line with the Denver ft Rio Grande from Pueblo
to Walsenburg, 56 miles, at a cost of probably $5,700,000.
V. 90, p. 626.
ORGANIZATION.—Took over oper. Jan. 11 1899, per plan V. 67, p.
748, of Union Pacific Denver ft Gulf and Denver Leadvllle ft Gunnison.
In Dec. 1908 the Chicago Burlington & Quincy acquired $23,657,500 com.
stock (practically a controlling Interest) held by Edwin Hawley and asso¬
ciates.
V. 87, p. 1663, 16047V. 88. p. 158, 685.
Owns a large majority of the com. stock of Fort Worth ft Denver City
1.208
Owns a beneficial Interest In one-half stock of Colorado
Ry.. which see.
Midland.
V. 70, p. 739.
The voting trust terminated April 1 1905. Con¬
trols Denver ft Interurban (Electric) Ry., which owns 21 miles, operated
since July 1 19Q8, and operates 31 miles of Col. ft Sou., which has been elec¬
trified, under lease. V. 87, p. 950; V, 89, p. 934.
DIVIDENDS—% ’00. ’01. ’02. ’03. ’04. ’05. ’06. *07. '08. ’09.
First preferred
23H3H4
4
2
0
4
4
4
Second preferred
4
4
4
__
—
__
______
1910.
4
4
■Common
2
2
On common, 2% Dec. 15 1908; Dec. 31 1909, 2%.
BONDS.—1st M.. see V. 63. p. 1027; V. 77. p. 2158; V. 87, p. 414,1160.
V. 91, p. 214.
The $100,000,000 refunding bonds of 1905 were made issuable as follows;
For refunding bonds and equipment obligations of system
$36,850,000
For betterments and Improvements, Including equipment, at the
cumulative yearly rate, beginning Jan. i 1905, of $500 per
mile of operated and controlled lines
15.000,000
For reimbursement of the treasury of the
company, Ac
2,500,000
__
__
__
__
__
For
acquisition
sion for the
erf additional property (Including proper provi¬
post of double-tracking parts of the main lines).. 45,650.006
.«?Slllknr?fn2.bond^f 1907 mature $51,000 s-a to April 1 1914: thereafter
$52^00; V. 84, p. 507. Pullman Co. car trusts June 30 1910, $151,123.
The refunding bonds are secured by a first Hen on all the b nds and prao..
tlcally ail the stock of the cos. owning about 622 miles of road, Including the
Wlohlta Valiey lines and the Trinity ft Brazos Valley Ry.; also, by direct
lien, subject to the first mortgage, on about 1.041 miles of road owned by
the Colorado ft Southern and on practically aU the stock of subsidiary cos.
owning 555 miles ofroad, making 1,596 additional miles on which there are
outstanding $30,679,000 underlying bonds; total thus covered, 2,219 miles,
on which the total outstanding funded debt. Including these bonds and all
V. 80, p. 1971; V. 91, p. 462, 214.
prior liens, averaged $26,568 per mile.
Feb
1 1910 2
1 1929
do
do
do
do
do
do
May 1 1935
Apr *11-Apr '17 Guaranty Trust Co N Y
Jan
Oct
1.671,000
1.379.000
1 1930
1 1942
Uan 11958
July 1 1937
<t)
Dec 11948
Chem Bk N Y; ft Col Sp
Gu Tr N Y; ft Col Sp
New York
Safe Dep ft Tr Co, Balt
New York Trust OoN Y
Sept 101910 2 % Treasurer, Columbus O
Hanover Nat Bank N Y
First Nat Bank Boston
1914
Checks mailed
1910
do
1910
do
1910 IH
do .
1910 IK
Beacon Trust Co Boston
1911
July 1 1915
Jan
800,000
540,400
459,600
6.057.600
500,000
1
1
1
1
1
1
FftA
Stock, com., $10,000,000, all outstanding; 5% pref., $10,000,000 author¬
ised Oct. 1907, of which $8,881,600 issued to purchase $6,300,000 bonds
and settlement of other debts; bonds reduced to 65.000.000. of which 62,900.000 in treasury.
V. 85, p. 1005. Mortgage covers road and coal lands.
V. 78. p. 47.
Car trusts June 301910, $301,474, due $55,000 yearly; loans
and bills payable, $1,468,287.
EARNINGS.—2 mos.,(1910
Gross. $134,053; net. $35,973
July 1 to Aug. 31.
jl909
Gross. 122,818; net, 31,866
In 1909-10. gross, $857,945; net, $292,121; net Income coal dept., &c..
$42,341; total net, $334,462; Interest on bonds, $197,359; other charges and
taxes, $115,880; bal.; sur., $21,223. Pres., H. G. Davis, Elkins, W. Va.;
Sec., C. M. Hendley, Washington. D. C.-»(V. 88, p. 1499; V. 90. p. 1613.)
(Denver ft Rio Grande)
58 Abilene ft Northern
Cheyenne to Denver (Un. Pao.)—107 Stamford ft N. W. Ry
Oct
8.500.000
1.000
100 Ac
1.000
1907
Uls ft' San Fr anoisoo
1,000
75
1900
1902
1,000
1.000
1908
1.041
Text
July 1 1947
Dee 91 1909 2'
Oct 1 1910 2
EARNINGS.—Including Ft. Worth ft Den. City and all affiliated lines.
Net.
Chges.(Net). Bal.,Sur.
$882,453
$506,218
$376,235
978.896
437,634
541,262
REPORT.—Report for 1909-10 at length, showing operations of system.
Including the Ft. worth ft Denver City and Col. Spr. ft Crip. Cr. Dlst. Ry.,
Denver ft Interurban RR., Colorado RR., Ft. W. ft Denv. Term. Ry. and
Wichita Valley lines was In “Chronicle” Oct. 29.
2 Mos. end. Aug. 31.
Gross.
1910
$2,826,895
1909
2.651,867
...
1909-10.
1908-09.
1907-08.
1,980
1,932
2,042
$16,777,981 $15,080,412 $14,283,133
9,542,809
10;225,687
10,863,4~>5
4 453,683
4,338,688
5,414,383
Total net Income
$5,651,700 $4,920,385 $4,634,962
Int. on bonds, equip, obllg’ns, Ac— $2,700,067 $2,721,526 $2,468,058
Dividend first pref. stock (4%)
340,000
34Q.00Q
340,000
Dividend second pref. stock (4%)—
340,000
340,000
340,000
Dividend common stock (2%)r
620,000
620,000
51.651.633
$898,859 $1,491,903
1
Balance, surplus, for year
OFFICERS.—Chairman. George B. Harris; Pres., Darius Miller; V.-P.
Average miles
Total operating revalues
Operating expenses
Operating Income (over taxes)
—
A. D. Parka*. Denver, Col.; Sec. and Treas., B. F. James, Denver,Col.
Asst. Sec. and Asst. Treas., L. E. Katzenbach, 26 Liberty St., N. Y. New
directors, 1909, V. 88, p. 663; V. 89, p. 1347.—V. 91. p. 214, 333. 462.)
„
COLORADO SPRINGS ft CRIPPLE CREEK DISTRICT RY.—Colorado
Springs to Cripple Creek, Col., 46 m.; branch, Cameron to Victor, 5 m.;
other bmnehes and spun. 24 m.; total. 75 m.. of which 59 m. steam, 14 m.
steam and electric and 2 m. purely electric.
In Jan. 1905 Colorado ft.
Southern acquired all the stock except $900 com.
V. 80, p. 472,1111.1428.
Stock, all outstanding, com., $1,200,000; pref., 5%. non-cum., $800,000.
Par of shares. $100 each.
Dividend 5% on preferred, paid Feb. 1907.
and June 1908.
On cbm., 2% Sept. 1908. Sink, fund ean retire first
mtge. bonds yearly at 110 for first 15 vears, then at 107 H for 5 yrs., then 105
for next 5 yrs., 102 K for three years, thereafter at par.
V. 76, p. 345.
EARNINGS—12 mos., (1909-10
Gross, $700,220; net, *210,594
July 1 to June 30.
11*08-09——Gross. 764,486; net, 265,07.
Pres., Frank Trumbull.—(V. 81. p. 725; V. 87. p. 740; V. 88. p. 822.)
COLUMBIA NEWBERRY ft LAURENS RR.—Columbia to Laurens,
S. C.. 75 m.
Stock. $500,000. Bonds were 6s. but re-lssued as 3s lit 1900,
Income certificates to amount of 40% of bonds being issued.
EARNINGS.—2 mos., (1910
-Gross, $50,103; net, $12,487
(1909
.Gross, 42,331; net,
4,844July 1 to Aug. 31.
Year ending June 30 1910, gross, $283,096; net, $70,653.
In 1908-09,
In 1907-Q8, gross, $282,581; net, $58,925!
gross, $279,231; net, $53,860.
charges, $56,132; bal., sur., $2,793.: Pres., W. G. Childs, Columbia, (S. C.
COLUMBUS ft SOUTHERN RY.—Wyandotte. O.. at a connection with
the Penn. RR. to South Bloomlngvllle, 34 miles.
Stock authorized,
$2,000,000.
Owned March 1908 by Geo. E. Wilber. Boston, Mass.
For
year ending June 301909, gross, $12,483; net, $313.—(V. 83, p. 1290.)
COLUMBUS ft XENIA RR.—Owns from Columbus, O., to Xenia, O.,
55 miles.
Operated as a division of the Little Miami, and is leased for 99
yean from Dec. 1869, In connection with that road, to the Pittsburgh Cin¬
cinnati Chicago ft St. Louis, which pays 8% on stock.
The lease is guar¬
anteed by Pennsylvania RR. Co.
Dividends 2-5% per annum, from assets,
were discontinued In 1901.—(V. 72, p. 532.)
COMBINATION BRIDGE (SIOUX CITY. IA.).—Owns steel bridge 1.940
feet long over Missouri River, with approaches, 1 mile, used by railroads
and street cars as a highway.
Stock. $1,500,000. Mtge. trustee. Union
Trust Co., Indianapolis, Ind.
Pres., Jos. C. Head. Latrobe, Pa.; Sec., F.
L- Eaton. Sioux City, la.—(V. 78, p. 102, 286.)
CONCORD ft MONTREAL RR.—From Nashua. N. H.. via Concord/
Plymouth, Ac., to Groveton and the White Mountains, 450 miles in all,
including Manchester ft Keene. 30 m.; owned Jointly. 414 m.; 35 m. double
Owns Concord Street Ry., 11 m.; also electric branch from Coheord
track.
to Manchester, N. H., 17 miles, and Nashua ft Acton RR., 20 miles.
On June 29 1895 leased to Boston ft Maine for 91 years at rental of 7%>
per annum on all stock.
On Jan. 5 1910 $250,000 stock was sold to develop
waterpower.
V 89, p. 992; V. 90, p. 54. In Oct. 1910 $500,000 consol. 4s
were offered to retire the Boston Concord ft Montreal 6s due Jan. 1 1911,
making $5,500,000 consols outstanding.
V. 91, p. 1025.—(V. 91, p. 1025.)
CONCORD ft PORTSMOUTH RR.—Owns Portsmouth, N. H., to Man¬
chester, N. H., 40M m.
Leased to Concord RR. In 1862 tor 99 years; rental.
$25,000; 7% on stock and org. exp. Operated by Boston ft Maine.
CONNECTICUT ft PASSUMPSIC RIVERS RR.—White River Jet., Vt..
to Canada Line, 110 m.; leases 999 years Massawippl Valley. 37 miles.
Owns nearly all the stock ($350,000) of the Newport ft Rlohford RR.,.
Newport, Vt., to Canadian line, 21 miles, operated under lease by Montreal
ft Atlantic Ry. (Can. Pac. system, and guarantees Its new 1st 30-year 5%
bondsdated Jan. 1 1911.
V. 91, p. 946.
LEASE.—From Jan. 1 1887, leased to the Boston ft Lowell for 99 years
on a basis to pay C. ft P. stock 5% till Jan. 1897 and 6% thereafter.
SECURITIES.—Massawippl stock receives same dividends as stock of"
lessee and $400,000 of It (not included In the amount outstanding) Is pledged
as part security for 4s of 1893.
Of the $2,500,000 pref., $500,000, as also
$50,000 Massawippl Valley Ry. stock, which were deposited under trust,
certificates, were purchased Feb. 1 1910 by the Vermont Valley, under Its
option, at par.—(V. 57, p. 1040.)
CONNECTICUT RIVER RR.—Owns from Springfield, Mass., to Keene,
N. H.. 74 m.; Bellows Falls to Brattleboro. Vt., 24 m.; branches, • m.; total,
104 m., of which 50 double-traoked.
Controls Sullivan Co. RR.. Bellows
Falls to Windsor, Vt.. 26 miles.
V. 80, p. 1478; V. 81. p. 899. 172$.
LEASE.—Leased tor 99 years from Jan. 1 189$ to the Boston ft Maine,
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders; also Interest on bonds and scrip and
$2,000 tor organization expenses.
Lessee pays all taxes, operating ex—
42
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
IP'or abbreviations, Ac.,
Concord it Montreal (Concluded)—
Concord & Montreal cons M for $5,500,000-.BB«c*
Debenture bonds $1,160,000 currency
c*
do
do
1500,000 Interest guaranteed
Concord it Portsmouth—Stock 7 % rental 99 yrs
Conn it Passumpsic—Pref stock 0 % rental 99 yrs-.c*
First mortgage $1,900,000 gold
c*
Massawlppl stock guar same dlv as Conn & Passump
Newport A Rlchford 1st M gold guar by O A P.c*
Connecticut River—Stock $3,670,300 authorized)
Bonds not mortgage for $1,000,000 gold
...c
Bonds not mortgage
....
do
Miles
Road
Date
Bonds
262
First M extended at 4 % In 1906 (V 82 p 1322)....r
Cripple Creek Central—Common stock..—
Preferred stock 4 % non-cumulatlve
Midland Term first mtge gold sinking fund
F.c*
Cuba Eastern—First mortgage $1.000,000 gold. K.c*
1,000
1,000
1,000
1893
1,000
37
21
80
1,000
1893
1901
1903
1.000
1,000
1,000
1,000
1,000
100
7
37
1883
1902
1888
19)4
1899
1909
"26
100 Ac
500 Ac
26
1891
41
43
1895
1903
1,000
1,000
Cuba RR—Common stock $10,000,000..
Preferred stock 6% non-cumulatlve $10,000,000..
First mtge gold $20,000 per mile
Q xc*ftr*
Impt A equip M, g, $12,000 per m
Nxc*
Cumberland Corporation—Coll trust gold notes
Cumberland & Pennsylvania—First mtge gold guar..
Somerset Coal car tr assum $76,000 yrly
FBa
.—
566
RR.)
1,000
1,000
2.859,000
under P lan—
1902
1906
1891
1906
100
100
1,090 6c
500 Ac
,
COOPERSTOWN ft CHARLOTTE VALLEY RR.—(See Map Del. A
Hud.).—Owns Charlotte Crossing to Davenport Centre, 4.51 m.; leases for
99 years from Jan. 1 1889, Coopers town ft
Susq. Valley RR., Coopers town
to Charlotte Crossing, with branch to
Coopers town Jet., 19.48 m., guaran¬
teeing Interest on latter’s $200,000 5% bonds.
For year ending June 30,
1910: gross, $67,983; net Income,
$26,146; charges, $14,473; bal.,
$11,673. Stock, $45,000; acquired July 1903 by Del. ft Hud.—(V.sur.,
77.
•
P..88.)
■f COPPER RANGE RR.—Calumet,
Mich., to Mass City, with
total, 82 nu; sidetracks, 33^ m. Stock, $4,244,300, of which branches;
$1,639,200
Bonds limited to
,000 per mile of sidings.
_ire In Jan. 1910 held In
the treasury of the Copper Range Consolidated Co. V.
78, p. 228.
Divi¬
dend, 1096, paid Nov. 1909 from accumulated surplus.
EARNINGS.—12 mos., J1909-10
Gross. $747,861; net,
307,952
July 1 to June 30.
U908-09
Gross,
766,021; net,
224,067
Year ending June 30 1909, gross, $766,020;
net, $224,007. In 1907-08,
gross. $807,322; net, $204,042; lnt., $149,850; bal.,
sur., $54,192.
Pres.,
william A. Paine; Sec. and Treas.. Fred.
t
-
Stanwood, Boston.—(V. 78,p.228)
COPPER RIVER ft NORTHWESTERN RR.—Projected from
Cordova.
Alaska, on tidewater, through the Copper River
Valley to Copperfields near
the Chltina River and the Behring Lake Coal
fields, ftc. Of this. 104 miles
total of 200 miles
was ex¬
pected to be In operation by Deo. 1910. Understood to be controlled
by J. P. Morgan ft Co. and the Amer. Smelting ft
Refining Co. Interests.
Stock authorized,
$5,000,000; par of shares, $100. In Aug. 1909 filed a
mtge. to secure an issue of $50,000,000 596
50-year bonds. None of the
bonds outstanding In the hands of the
public in July 1910.
V. 89, p. 410
Pres.. S. W. Eccles; Vice-Pres., W. P.
Hamilton;
E. S. Pegram;
Sec., W. E. Bennett. Office, 165 B’way.—(V. 90,Treas.,
p. 1490.)
CORNWALL & LEBANON RR.—Owns Lebanon, Pa., to
Conewago.
21.66 m.; branches,4.78 m.
In 1901 the Pennsylvania Steel Co.
acquired
$540,000 stock; remainder mostly owned by
Lackawanna Steel Co.
DIVU894. *95. *96. *97. *98. *99. *00. '01. *02 to '06. *07 ’08.
»09.
1910.
P.O.J 2
4
4
3
4
4)4 5 5)4
6 y’ly
7
8
8
10
In 1909-10, gross, $433,590;
net, $171,559; other Income, $21,313;
Charges. $38,561; dlv. (10%), $80,000; bal., sur.,
$74,311.—(V. 89, p. 224.)
CORVALLIS & EASTERN RR.—See page 165.
v
“COTTON BELT.”—Common name for St. Louis Southwestern
Ry.
•CRIPPLE CREEK CENTRAL RY.—Divide, Col., to
Cripple
Creek
and
Florence, ftc., 76 m.; Victor to Vista Grand, 6 m.; branches and
spurs to
mines, ftc., 45 m.; total, 127 m., of which 47 m. standard
gauge.
Controls
Midland Terminal Ry., Florence ft Cripple Creek
RR., Golden Circle RR.,
tenon City ft Cripple Creek RR., Colorado
Trading ft Transfer Co. See
Y. 69, p. 851, 1011. 1103; V.
72. p. 984; V. 74, p. 880; V. 77, p.
Reorganization, per plan In V. 78. p. 2018; V. 77. p. 1542, of the1542.
Denver
ft Southwestern, foreclosed
Oct. 4 1904.
V. 79, p. 1461.
STOCKS AND BONDS.—Com. stock,
$2,500,000; 4% non-cum. pref.
•took. $3,000,000; par of shares, $100. V. 82. p.
1156; V. 85. p. 1209.
*
15
3)4
ft
June 11920
June 11920
June 11920
July
Aug
Apr
Aug
Jan
Safe Dep ft Tr Co Boston
Boston S D ft Tr Boston
do
do
1910 3)4$ Manchester N H
1 1910 3 % Safe Dep ft Tr Co Boston
do
11943
do
do
1910 3 %
do
1 1941
do
do
July 1 1910 5 91 Boston, Mass
do
Sept 1 1943
Jan
Jan
1 1921
11923
May 1 1913
Men 15 1932
May 1 1918
8*
M
F
6 g
ft
ft
S Mch 1 1955
A Feb 1 1925
Mch 1 1957
do
do
Broad St Station Phlla
do
do
Nat Bk Cooperst’n N T
Boston, Mass
Co's Office, Lebanon Pa
do
do
Checks mailed
do
Farmers L ft Tr Co N Y
In default
do
do
do
do
do
do
DIVIDENDS.^—On pref., 3% paid July 20
(auar.); Jan. 1906 to Oct. 1907, 4% yearly (1% 1905; Oct. 25 1905, 196
Q.-J.); 1908. Sept. 1, 896
for 9 mos. ending June 30 1908; Dec.,
1%; 1909, 4% (1% Q.-M.); 1910,
March, 1%; June, 1%; Sept., 1%. On com., Oct. 25 1905,
7X96, lncl. 2% extra; 1907, 6% (Q.-J.); none since to Oct. 3%; In 1906,
1910.
REPORT.—Report for year ending June 30 1909 was In V. 89, p. 1409.
In’09-11 gross earnings of roads
controlled. $668,255; net Income of roads
over charges, $54,623; total net
Income of parent co. above all
expenses,
$155,090; dlv. on pref. stock (4%), $120,000; total
surplus June 30 1910,
Ind. $172,615 surplus of previous years,
$207,705.
Pres.,
Henry M.
Blackmer; V.-P., Lorenzo Semple; Sec. ft Treas., John Gorlow.
Office.
Ill Broadway. N. Y.—(V. 87,
p. 1532; V. 89, p. 847, 1409.)
CRYSTAL CITY & UVALDE RR. —Owns Uvalde, Tex., south
to Carrlzo
Springs, 53 miles, completed April 1910. Incorporated
In April 1909.
Stock authorized, $50,000.
In April 1910 applied for permission to
Issue
bonds at $15,000 per mile.
V. 90, p. 447.
Details of securities not availa¬
ble July 1910. Pres., J. E. Franklin; V.-P. and
Gen.
Sec., Carl F. Groos. Office, Crystal City, Tex.—(V. Mgr., A. R. Ponder;
90, p. 447.)
CUBA EASTERN RR.—Owned from port of Bogueron at
Granadillo Bay,
on south coast of
Cuba, northwest via Guantanamo to forest lands owned
by
the Ouba Hardwood Co., 43
miles; leases for 99 years Northeastern Cuba
RR. from San Pre to San Luis, 47
miles, with 6 miles of branches.
Pro¬
jected to Nipe Bay and Manzanillo. Sold In
foreclosure to reorganization
oommlttee Aug. 1909 under first and
refunding 6s of 1907. V. 89, p. 285,
666.
The Guantanamo ft Western RR.
was incorporated as successor In
Oct. 1909. V. 89, p. 1068.
Bondholders' Committee.—Beni. p.
Cheney, Chairman; P. Chaunoey
Anderson. 25 Broad St., N. Y., Sec.; New
York
Oolony Tr. Co.. Boston, depositaries. V. 86. p. Trust Co.. N. Y., and Old
420,337,1409; V. 88.p.294.
PLAN.—The plan of reorganization declared
operative early in 1909
Or. 88, p. 294) provides for a
merger of the allied companies with new
cap¬
italization as shown in the table above
and. If desired, a voting trust to
bold the new stock for not to exoeed
5 years.
The $600,000 bonds are to
6 g
20 years
11410.000
See text
15,000.000
1,000,000
684,000
3 g
C5g
l*
5
*
text
J
ft
J
M ft N
J ft Dl '
M ft N
J
ft D
Aug 1*10.29$
July 1 1952
May 1 1960
June 1 1912
May 1 1921
Dec 1910-1918
Royal Bk of Can, N T
do
do
_
New York Tr. Co.. N. Y.
Guaranty Trust Co, N Y
Fidelity Trust Co, Balt
be offered at 85% with a bonus of
25% each In first pref. and oommon stock,
provide for floating debt, reorganization
expenses, 3 years’- lnt. on the
bonds. Improvements, rolling stock and
working capital. The Knicker¬
bocker Trust Co. of N. Y. has underwritten
$250,000 bonds on condition
that at least $200,000 additional are
disposed of.
The old mtge. bonds are to receive
50% each In 1st pref. and oommon
stock and the Cuba Eastern debentures
50% in 2d
There will
be left in the treasury about $136,500 of each class pref. stock.
of stock.
Pres., Edgar Van Etten. Office. 66 B’way, N. Y.—(V. 89,
p. 1068.)
CUBA RR.—Owns from Santa Clara, Cuba, to Santiago de
Cuba, 356
miles; branches, Zaza Jet. to Sanctl SDlritus, 8 miles: Alto Cedro to
the Bay
of Nlpe, 31 m.; Ponupo branch. 11 m.;
Jatlbonico branch .5 X m.;
branch, 11 m.; Manzanillo branch, 32 X m.; Bayamo extension, Holguin
141 m.;
total, 596 miles. See V. 75, p. 1157, 1347.
Govt, loan, $319,599 June 30
1910, any balance not repaid by Govt, transportation service to be
paid
Dec. 15 1916 without lnt.
V. 83. p. 1093; V. 88. p. 944.
First dlv. on pref., 1 X%. paid Aug. 2
1909; 1910, Feb., 1 X%; Aug., 2%;
1st M. bonds, appllc. to list, V. 86, p. 924; V.
88, p. 451; V. 89, p. 162;
V. 91, p. 38.
Stockholders on June 27 1910 authorized a mortgage to
secure 5% Improvement and
equipment bonds not exceeding $12,000 per
mile (excluding sidings) owned; In
Sept. 1910 $3,300,000 were deposited
as collateral for loans.
Bonds are also Issuable In francs. V. 91, p. 588.
EARNINGS.—For 2 months ending Aug. 31:
Gross.
Net..
Charges.
Balance.
1910
$440,310
to
$202,923
$73,334
$129,589
1909..
325,638
100,111
69,992
30,120
REPORT for year ending June 30 1910 was in V. 91.
p. 585, showing
gross earnings, $2,559,336; net over taxes. $1,107,299, Interest on
bonds,
$435,210; pref. dlv. (3%), $300,000; bal., sur., $92,089.
In 1908-09,
gross, $2,157,168.
Pres., Sir william C. Van Horne; V.-P., Gerald L. Hoyt; Asst, to Prest.,
Geo. H. Whtgham; Sec., Herbert C. Lakln; Treas., Stephen H. Voorhees.
Office. 83 Montgomery St., Jersey City, N. J., 170 Broadway, New York.
—(V. 90. p. 166, 1675; V. 91. p. 38. 085. 588.)
CUMBERLAND CORPORATION.—ORGANIZATION.—A holding com¬
owning the stock ($10,000,000) of the CUnchfleld Coal Corporation
pany
(V. 80. p. 2346, 2222, 224), which owns 285,000 acres of coal lands In Vir¬
ginia, stock of the Carolina CUnchfleld ft Ohio Ry. and a block of the Sea¬
board Co. stock (see the two companies last named In this
Section.)
Stock, common. $25,000 000; 6% pref., $15,000,000, all paid In. In
July 1906 sold $15,000,000 notes secured by stock of the Carolina CUnchfleld
ft Ohio, CUnchfleld Coal Corporation and Seaboard Co.
(see table above).
—V. 88, p. 944.)
CUMBERLAND ft PENNSYLVANIA RR.—Owns from Cumberland.
Md.. to Piedmont. W. Va., and several branches, 57 miles. Owned and op¬
erated by Consolidation Coal Co., which guarantees
by endorsement the
first mortgage.
V. 52, p. 390. Stock, $1,500,000: par. $100.
On Dec. 1
1907 purchased 1,523 cars from the Somerset and Fairmont coal
companies,
assuming the car trusts Issued thereon, viz., $836,000 of Somerset
Co. (see
table above) and $45,000 additional, which matured In series to
May 1909.
V. 85, p. 1401.
For year ending June 30 1909, gross, $770,689, against
$952.65$ In 1907-08: net, $195,906, against $425,015; taxes In 1908-09.
$20,849.—(V. 85, p. 1401.)
CUMBERLAND VALLEY RR.—See Pennsylvania RR.
DAYTON LEBANONft CINCINNATI RR. ft TERMINAL CO.—See p.165.
DAYTON ft MICHIGAN RR.—Owns Dayton, O.. to Toledo Juno., O..
.
10
10.000.000 See text See
1,000
1,000
1,000
CONNECTING RY. (PHILADELPHIA).—Owns from Girard Ave. to
Frankfort Jet., Phlla 6 m.; North Phlla. to Chestnut Hill, 7 m.;
branches,
ftc., 23 m.; total, 36 m. V. 73, p. 390. Stock authorized. $5,800,000; out¬
standing. $3,613,650; all owned by Pennsylvania RR., which
operates
road under lease, assigned to that co. by Phlla. ft Trenton
RR., terminating
Feb. 18 2862.
Dividends 4% yearly (J. ft D.).—V. 75. p. 1354.)
a
110.500
600,000
6,126,000
1909
ftc., but lessor to Issue Its stock or bonds for permanent Improve¬
ments.— (V. 81. p. 899, 974, 1723; V. 83. p. 625; V.
87, p. 414.)
of track had been opened In June 1910 and
?M
6
A
A
A
A
A
A
A
A
A
A
A
A
A
M 15 ft S
M ft N
A
ft O
Places Where Interest and
Dividends are Payable
2.613,500
2.613,500
1910
”57
3H4A4
Last Dividend
and Maturity
5
221,000
1,346.000
74.000
-
n
Payable
Oct 1 1949 ’
50 years
800,000 101M910 Seml-an. July 31 1910 5 91
4 ’
764,900
A
ft o Apr 1 1921
2.500,000 See text 0—J25 Oct 21 1907 1)4
3,000.000 4 In 1909 Quar. Sept 11910 1
383,000
D Dec 1 1925
* JM ft
648,000
0 g
ft
s Mch 1 1933
100
1905
1906
1907
When
%
See text
50
100 Ac
100
Debentures
Northeastern Cuba 1st M $1,000,000 g gu p & 1
53
Cuba Eastern Terminals first mortgage guaranteed..
Eastern RR of Cuba first and refunding mtge gold..
Securities to be Issued by New Co. (.Guantanamo A Wester
Common stock $2,750,000 auth
1st pf stock (also as to ass) 7% non-cum $2,750,000.
Sd pf stock (also as to ass) 5% non-cum $250,000..
1st mortgage $600,000 gold
Rate
$1,050 ooo
473,000
350,000
2.500,000
1,900,000
400.000
350.000
3,233 400
1,000,000
290,000
969.000
1.000,000
1,980.000
200,000
2,280,000
100
1911
Amount
Outstanding
See text.
100
100
110
Text
Cornwall ft Lebanon—Stock
1890
97-99
1900
40)4
do
Conn (Phila)—Phlla Q A Cb H 1st M guar by Penn-.r
Conn By 3)4 % gold mortgage $5,000.000
Coopers town ft Susa Vail—1st M $200,000 lnt guar..
Par
Value
[VOL. LXZXXI.
141.82 m.; trackage Into Toledo, 0.92 m.
Leased May 1 1863 In perpetuity,
to Cln. Ham. ft Dayton.
Lease modified June 23 1870. Rental Is mainte¬
nance of organization, lnt. on bonds and 8% on
pref. stock and 3X% on
com.
Guaranty on pref. Is secured by mtge. of 1871, but the pref. carries
no
vottngpower. V. 56, p. 813. Mtge of 1856 Is held alive under mtge. of
1881, O. H. ft D. reserved notes of 1908 to retire bonds.—(V. 88, p. 663.)
DAYTON ft UNION RR.—Owns from Dodson, O.. to Union City. Ind.,
32 miles; leases Dayton to Dodson, 15 miles; total
operated. 47 mUes.
The Cleve. Cln. Chic, ft St. Louis and Cln. Ham. ft Dayton
Jointly own the
$86,300 stock.
The $225,000 7% bonds were
paid off at maturity Dec. 1
1909 from proceeds of sinking fund.
V. 89, p. 1347. Year ending June 30
1909, gross, $161,793; net, $18,706; other Income, $10,203; charges,
$36,405; bal., def.. $7,496.—(V. 89, p. 1347.)
DAYTON UNION RY.—Union depot at Dayton, O.
Used by Pitts
Cln. Chic, ft St. L.. Clev. Cln. Chic, ft St. L., Cln. Ham. ft Dayton,
Dayton
ft Union RR. and Erie RR., under lease which
provides that Interest on
bonds and other expenses be divided between them on train basis.
Stock,
$321,000. all com
Pres., W. C. Brown, New York; Sec.. W. F. Stark,
Dayton, O.
Office, Cincinnati, O.—(V. 73, p. 1312.)
DELAWARE RR.—(See Maps Pennsylvania RR.)—SheUpot
Crossing.
Del., to Del mar, Md., 95.20 miles; branches, CentrevlUe, Md., to Townsend,
Del., 84.99 m.: Clayton, Del., to Oxford, Md., 54.27 m.; Seaford, Del., to
Cambridge, Md., 32.96 m.; Masseys, Del., to Chestertown, Md., 20.52 m.;
other branches. 10.98 m.; total, 248.92 miles.
V. 67. p. 1356.
Leased to Philadelphia Baltimore ft Washington (which owns
$2,829,607
of the stock) for 99 years from Mch. 11910 at a
guaranteed rental of 8% on
the stock, a special stock dividend of 70% being paid Feb. 28
1910; also a
special cash dividend of 20% and an extra cash dividend of 5%.
Dlvs. prior to lease. 1898 to July ’06, 6% y’ly; ’07. 8%;
’08. 8%; ’09, 8%;
’10, Jan., 4%. In yr. end. Oct. 31 1909, gross, $2,932,253; net, $670,563;
other ino., $43,501; int., rentals, ftc., $223,232; divs. (8%)
$238,978: extraord. exp. fund, $200,000; bal., sur., $51,854.—(V. 90, p. 913, 1554.)
DELAWARE ft BOUND BROOK RR.—Owns from Bound Brook (Cen¬
tral ofN. J.) to Delaware River, 27.02 miles; branch to
Trenton, 8.74 m,;
second track, 27.02 m.; third track, 9.02
In May
m.; all track, 87.36 m.
1879 leased for 990 years to PhUa. ft ReadingRR.
Rental. $213,000, pay¬
ing lnt. and 8% on stock; lease assumed by P. ft R. Ry.—(V. 81, p. 210.)
Oot., 1910.]
^
RAILWAY STOCKS AND BONDS.
I
Ft.Fetterman
FI. Gasper,
P
R
S
E
43
Cheyenne
*
in
.
I,
Xa Junta
1
|
Wf
E
Brady (j
LINES IN TEXAS
Fort Worth &. Denver
City
Trinity & Brazos Valley Ry,
Wichita
Valley By.
lYUMA
-KHKJURl
I
j
RlVi
el Norte
i
RIO GRAND
'.CON E J
NT’S*?
»f—
olsom
kDes Moines
MAP OS
9
THE COLORADO & SOUTHERN LINES
Grande
Jf
_Greenville
/
t—
^
E
O
^J^kTCXLlNE
X
A
S
44
RAILWAY STOCKS AND BQMDS.
RAILROAD COMPANIES
IFor abbreviation*, Ac., see note* on first page]
Miles
Road
UTton &
Riyton
LebMkhiun—Com
M g red C(text)..
ft Cki RR St Term—First
stock (3 H%
H &D)
Preferred (8 %
29
.--c
142
:
guar
guaranteed CHAD) endorsed
First mortgage guar p St 1 endorsed by C H St D
Dayton Union Ry—First mte-e sink fund call at par.F
Delaware—Stock 8% guaranteed
........
General mortgage gold...
FPc*
Delaware St Chesapeake 1st M assumed cuirency-.c
Delaware ft Bound Brook—Stock 8 % gu Phlla St Read
First mortgage 31.800,000 guaranteed.
PeP
Delaware & Eastern Ry—D St B RR 1st M 31,000,000
D St B By 1st M g red 105
-xc*
Delaware: ft Hudson—Stock 355,711,500 (text)
First M
on
Debentures 32,500,000 3200.000 annually Jan 1 —
Equip 1st lien bonds 310,000.000 g s t— Usm.xc* Ar
Par
Value
31.000 None Sep’10
1871
1881
1899
1,211,260
50
50
32.401,950
1,000
2,728 jOOO
450.000
1.000,
25
1.0001
113
54
1892
1882
1,000
’34
1905
1,000
1908
1.000
100
1907
14
57
Amount
Outstanding
1907
1871
249
Pennsylvania Dlv (310,000.000) .time Ar
Schenectady 4b Duanesburg first mortgage
Adirondack 1st M gold guar p 4b 1 end ... Us.c*ftr
1st4bret M 350,000 000 g sf red 107 H beg'18.xc*ftr*
Debentures 314,000,000 gold conv (see t«xt)-.c**r
Date
Bonds
1877
1874
1892
1908
1906
1900
1907
500
4bc
100
Rate
%
500.000
400,-000
1,800,000
1,800,000
1.000.000
915400
42,501,000
1,000 4bc
5,000,000
100 4bc
500,000
1,000
1.000,000
1.000 4b0 20.704.000
1,000 13.970.000
10,000
700,000
1.000 10.000.000
When
4-g
g
8
g F
Q—F
St A
4s
J
ft g
4b
J
In 1910
-Mch
7
4b
S
U 4b
S
4
M
4b
S
g
MAN
J 15 4s D
J
4s
J
4s
J
J
J
J
.
S’
5
1?
Aug 20 1910 1% 11W State St.Txenton.NJ
Aug 1 1955
Mech Nat Rk. TrentonNJ
July 1 1956
July 1908 last paid
None paid
July 1 1957
Sept 201910 2 M Office 32 Nassau St N Y
do
Sept 1 1917
do
do
Sept 1 1924
do
Mch 1 1942
do
do
May 1 1943
do
do
June 151918
do
do
1911 to 1914
do
do
do
July 1 1922
do
.JL
—
5*
i*
i Wi
Aug 1 1985
DELAWARE ft EASTERN.—See
page 165.
DELAWARE LACKAWANNA
line, with branches, 845 miles In all.
V. 68. p. 871.
Lines owned—
Miles. \
Lines leased—•See these cos. Miles
Lackawanna 4b Susquehanna
22j*Albany 4b Susquehanna
142
Valley RR. of Pa
171 • Rensselaer & Saratoga—
_192
HonCsdale and other branches.. 291*Chateaugay ft Lake Placid RR. 80
Places Where Interest and
Dividends are Payable
4s
4b
Guaranteed Securities—
Hudson Coal Co deb guar p 4b 1 end part due yearly
•01-02
1,000
1,475.000
MAN May 1 191118
Bluff Point Land Improvement Co 1st M g gu
1890
c*
1,000
300.000
J
4b
J Jan 11940
Chat Ore 4b I refunding mortgage call 105... N_c*ftr
1902
1.000
1,300,000
J
4b
J Jan 1 1942
Albany 4b Susquehanna RR, N Y 4b Canada RR. Ch ateaug ay 4b I ake Placl d
Utlc
RR.
4b
—See those cos
Bing
Delaware Lackawanna ft Western—Stock 330.277,000
50 80.277.000 See
text See text Oct 20 *10, 2 Vi
80-*86
100 4bc
Bangor 4s Portland mortgages gold
320,000
J
4b
J 1980-1938
4g
Delaware Maryland ft Virginia—June 4s B—1st mtge
39 1860
AU
185.0UU
3
J
4b
J Jan 1 1932
Break 4b Frank 1st M to State red since Jan 1805..
19
1874
All
200,000
3
J
4b
J Jan 1 1932
Other mortgages....
c*
650.000
4
Overdue
River RR ft Bridge—1st M gold np4 I—OPjT*
10
1896
1,000
l,3nn.onn
4 g
F
4b
A
Aug 1 1936
iv Boulder ft West—Inc 1st 1C 3800.000 an red par
1909
100 4be
700,000
TO
See
text.
July
1 1939
.5%
Lar ft N W—1st M g red 108 330.000 per m Ma
1910
1,000
See text
1A 4b O Apr 11940
iver Northw ft Pac—1st M 322,500,000 g—Me.c*
210 1902
1.000 None Sep'It)
If
4b
S Sept 1 1952
lontlnental Tunnel 1st M *5.000,000 gold guar p&l
6
100 ftc
See text
10 years
Northw Term 1st M 33.000,000 g gu red text ..Me
2,025,000
5
July 1 1926
Locomotive equip tr notes gu Am Loc Co due quar.c
1910
348,609
5
Q-F
May’lI.Feb'16
Denver ft Rio Urande—Stock common (see text)--Tr
100 36.000.000
Preferred Rt^ck 5% non cumulative 350,000.000_Tr
100 49.779.800 6 In 1910
4b
July
15 1910 2 H
First 4b ref M 3160,000,000 gold red text--Baxc*4br* 2.529 1908
4s inks 32.944,000
If
4b
DELAWARE ft HUDSON CO.—(See Map.)—Operates railroad lines
from Wilkesbarre, Pa., via Albany, N. Y., to Rouse's
Point, on Canada
LXXXXI.
D June 11922
Cleveland O
O Oct 1 1910 111 Cincinnati
Oct 1 1910 2%
Q—J
do
j
4b
j Jan 11911
J P Morgan 4s Co N Y
4b
J July 1 1949
Farmers X 4b Tr Co N Y
4b
J Julyl 1910 2 2-3 Checks mailed
4b
J July 1 1932
Broad St Station Phlla
4b A Feb 1 1912
do
do
8
5
3*
Last Dividend
and Maturity
Payable
J
A
54)78482
[VoL.
do
do
do
do
do
do
RR, Coop 4b Chari Valley
90 West
Street New York
West St New York
Broad St Station Phlla
do
do
do
do
90
Philadelphia Pa
People's Tr Co. Bkln.NY
Manh Tr Co;or off ..Deny
New York or Denver
Denver Co!
New York or Denver
Harvey Fisk 4b Sons, NY
Office 165 B*wav N Y
Bank* Tr Co, N Y 4b Bet
ft
WESTERN RR.—(See Map.)—
ates main line from Hoboken. N.
J„
410 m.. with branches to anthracite opposite N. Y. City, to Buffalo. N. Y..
region, fto., 547 m.. viz.: Usee this 00.)
Lines owned—
Miles.
Oper"
Lines
N. J. State line to N. Y. line....114 Greene Leased (Conci.)—
RR
Branch to Northumberland
80
Hopatoong
•Oswego ft Syracuse
Miles.
6
...
35
1 •Utica Chenango ft
Susquehanna 97
Erie ft Central New York
18 •Valley RR. of New York
11
Syracuse ft Baldwlnsvtlle RR...
l
Lines controlled and oper.—
Bangor ft Portland Ry
38 •Syracuse Binghamton ft N. Y
81
Hanover ft Newport RR
7 Sussex RR
31
Lines leased—(See each co.)
Lackawanna ft Montrose RR— 11
•Morris ft Essex and leased brehs. 176
•N. Y. Lackawanna ft Western.214
Total operated Jan. 1910
957
•Cayuga ft Susquehanna
34
Out off between Slnteford, Pa.. and Port
Morris, N J
under con-
Schenectady ft Mechanlcvtiie
101*Union RR
22
Cherry Val. Sharon ft Albany.. 21 f* Jefferson RR.
(trackage)
35
New York ft Canada
150 lOther lines
,
50
Schenectady ft Duanesburg
141
Adirondack Ry
571
Total operated Jan. 1 1910
845
•Cooperstown ft Charlotte Valiev 4|
Also leases Utica Clinton ft Binghamton and Rome ft Clinton
RR., 44
miles, sub-let to N. Y. Ontario ft Western. The company owns the
Quebec
Montreal ft Southern Ry., which extends from St. Lambert,
opposite
Montreal, through Sorel to Plerrevllle, and from Novan Junction to St.
Roberts Junction on the aforesaid line, 4* total of 144
miles; an extension
HISTORY,
from Plerrevllle to St. Phllomene, 48 m., wa;
company chartered in 1832, present title as¬
completed In June 1909. sumed In 1853. ftc.—Original
In 1903 purchased entire stock N. Y. ft Hoboken
The line will be ultimately continued to Levis,
Ferry Co.
connecting with the Quebec
In
June
1909
the
D.
L.
ft W. Coal Co. was
Bridge at Chaudlere Jet., a total distance of 50 or 52 m. V. 81,
.with $$,800,000 authorized stock to act as selling agent for lnoorpoxated
V. 83) p. 379; V. 84, p. 338, 623. On May 23 1908 the New York ft p. 1610;
the company's ooal In
Canada
Pennsylvania, the railroad stockholders being permitted to subscribe for
RR.was merged* and in July 1908 the Cherry
Valley Sharon ft Albany RR
Its stock pro rata to the extent of 25% of their
In Feb. 1905 a half Interest In the stock of the
holdings. See extra divi¬
Schenectady Ry.. 116 miles,
dend below.
V. 89, p. 41; V. 90, p. 557.
was purchased.
V. 82. p
687,
Owns $12,490,«rto of the $12..VW.W)C
Quarterly dividends of 2 H% on
the coal company's stock were
stock of the United Tract. Co. of
in
1910.
begun
Jan.
V. 90, p. 54.
Albany, which In 1906 acquired control of
In Dec. 1909 sold $1,850,000
Hudson VaUey (Electric) Ry. V. 81, p. 1550,
Lehigh Valley RR. stock. V. 90. p. 54, 557.
1610; V. 84. p. 51.
STOCK.—Stock was in July 1909 authorised to be Increased from $26,HISTORY, ftc.—This company was chartered April 23 1823.
It Is one
200.00Q to $30,277,000. to provide 15% stock dividend ($3,930,000) and
of the largest miners of anthracite
coal,. The Hudson Coal Co., whose for merger of two subsl llary cos.
V. 89. p. 41, 348.
took Is owned, controls coal lands having In 1908
an estimated tonnage
DIVIDENDS 11885. *86 to'03. 1904. 1905. *05. *07. *08. *09.
of mlnahlc coal of 423,265,353. and in June 1909
1910.
agreed
to
purchase
the
Since 1881..%/87*4 7 yearly. *17 *19*< *20 *20 *20 *70 To Oct.. 10
entire present and future^ooal output of D. ft H.
V. 86,p.913; V. 88. p.1499.
•The quarterly dividend was Increased from IK to 2H% In
April 1905;
an extra 10% was pall in Deo. 1904 to 1909
DIVIDENDS—1 *87. ’88. *89 to ’96. ’97 to *00. 01 to *06.
Inclusive.
In July 1909 a
*07. to *10.
Since 1886
special cash dividend of 50% was paid, one-half being applicable,
%/ 5
7 yearly.
6
5 yearly.
7 yearly.
If desired,
.9
yearly.
Dividends In 1910 fixed at 9%, payable
to subscription of stook of new D. L. St W. Coal Co.
quarterly. V. 90, p. 54.
selling agency; also
15% stock dividend paid Aug. 2 1909.
V. 89, p. 41. 224.
STOCK, ETC.*—In 1900 to 1906 $1,288,500 stock was retired
EARNINGS.—12 mos., f 1909-10..Gross, $36,005,987; net. $16,713,218
fund; none since. The stockholders voted May 10 1910 to by sinking
permit the
July 1 to June 30.
\ 1908-09..Gross, 33.553.435; net, 15,075,722
■inking fund to be used to pay cost of additional coal reserves or
for other
capital purposes. V. 90, p. 1044. Compare V. 68, p. 926, 1180.
ANNUAL REPORT.—Annual meeting Is held on
Tuesday preceding
Stockholders May 9 1905 authorized increase of $5,000,000 stocK
last Friday In February.
The Report for 1909 was In V. 90, p. 557.
for con¬
Comversion, at option of holders, to April 1 1916, of $10,000,000 Albany ft
Susq
3*4% bonds, dated April
accountThe following includes all lines except Syracuse Binghamton ft
ng.
1906. on the basis of $500 stock for $1,000 ol
N.
Y.,
bonds.
The bonds were sold at par pro rata to D. ft H.
Sussex RR. and Lackawanna ft Montrose RR. in 1909, and in earlier
stockholders to
years
refund the Albany ft Susq. 6s and 7s.
the
Bangor
ft
Portland.
effecting a material saving of Interest
In 1809 the Albany ft Susq. stockholders were held
Year ending Dec. 31—
by higher Federal courts
1909.
1908.
1907.
to be entitled to the benefit of this
refunding. Increasing the yearly rental Passenger earnings
$6,825,430 $6,449,032 $6,757,596
paid. V. 85. p. 721; V. 83, p. 1036; V. 80,
p. 1174, 1362, 2343; V. 88.
Freight earnings
25,858,081
24,408,710 26,597,224
p. 938. 1499; V. 89, p. 1068, 1141; V.
911. To Oct. 1910 $3,555,000 Miscellaneous
2,131,500
2,040,753
bonds had been exchanged for D. ft90,_p.
3,909.653
H. stock.
Gross
Stockholders Feb. 19 1906 authorized increase of the stock
$34,815,011 $32,898,495 $37,264,473
by
$7,000,001*
Net
after taxes
to provide for exchange of an Issue of
$15,039,686 $13,249,939 $14,375,034
$14,000,000 of 4% 10-year debenture)Coal department (net)
dated June 15 1906, which was subscribed
*4,628,771
*4,166,793
*4,224.921
by stockholders at oar.
The
Other miscellaneous Income
debentures are exchangeable for stock at the rate of
i
3,845,038
1,513,458
940,234
$500 stock for $1,00<
debs. btn. June 15 1907 and 1912, Inc.
Total net Income.
V.
$23,513,=>95 $18,930,191 $19,540,189
Tne equlpt. lien 4*$s of 1907 ($10,000,000 81, p. 1848; V. 82, p. 687.
Interest and rentals
Issue) have an annual sinking
$5,163,383 $5,160,140 $5,309,958
fund of $650,000 to purchase bond3 of the
Rentals, advances, ftc
Issue, other securities or add‘271,563
291,323
320,816
tlonal equip, to come under the
Renewals
and
mtge.
betterments
V. 84. p 1247, 1307; V. 85, p. 10*2
2,099,454
2,781,603
3,820,088
On, May 12 1908 the stockholders
Dividends (10%)
authorized a first and refunding mort
*2,817,216
2,620,000
2,620,000
gage for $50,000,000, bearing not over 4% tnt. and
Extra dividend (10%)
g3,014,370
2,620,000
running 35 years, and
2,620,000
subjeot to redemption as an entirety only at 107*4 on any
lnt. day, beginning
Balance, surplus, after dividends..$10,147,609 $5,457,125 $4,849,327
May 1 1918. One per cent of the amount of bonds
*
outstanding Is to be paid
to the trustee June 1 annually from 1909 to
Earnings of the coal dept. In 1909 (7 mos.), $35,665,865; expenses, $31,1942, to be used to purchase
bonds or for Improvements and extensions. Of the
037,094; net, $4,628,771; 1908 (year), $41,487,555; expenses, $37,320,762;
will be
Issue,36.500,000
reserved to retire the outstanding first mortgage
net, $4,166,793; 1907 (year), earnings, $42,184,935; net, $4,224,921.
bonds; $20,704,000 have
been Issued to discharge
x Also 50% extra cash dividend paid
July 20 1909 and 15% stook divi¬
outstanding obligations maturing during 1908 or for
dend Aug. 2 1909, from profit and loss.
construction work In progress.
V. 86, p. 981, 1409,
480, 1419, 1604; V. 89, p. 847, 1541; V. 90, p. 54, 167. 1589; V. 87, p. 96.
OFFICERS.—Pres.. W. H. Truesdale; Sec. and Treas.. A, D. Chambers.
BOARD.—Fredk. W. VanderWlt, Wm. H. Moore. Eugene Higgins.
$ EARNINGS.—8 mos.; /1910
..Gross, $13,135,928; net, $5,145,803
Henrv \ C Tavlor J. Rogers Maxwell. G«o. F Baker, Wm.
Jan. 1 to Aug 31.
11909
Rockefeller,
.Gross,
12,546,283; net,
4,781,194
Geo. F. Baker Jr., James Stillman, M. Taylor Pyne, Harris C. Fahnestock,
REPORT.—For 1909, In V. 88, p. 911.
Frank
Work,
John
D.
Rockefeller
Jr.,
William
Fahnestock.
Office, 90
Year end. Dec. 31—
1909.
1908.
1907.
West St., New York.—(V. 90, p. 54. 557. 559, 697; V. 91, p. 154,716.)
Anthracite coal carried (tons)
7,602,877
9,165,689
10,025,312
Gross earnings of railroads.
DELAWARE MARYLAND & V1RQINIA RR.—Owns from Harrington
*18,525,859 $18,500,731 $20,165,440
Net (railroads)
co Franklin City, Va.. 78 miles; Georgetown to Rehoboth, Del., 20 miles;
8,067,380
7,689,010
8,471,011
Coal department (net)
total.
Controlled by Phlla. Balt, ft Wash., which owns $326,200
98 miles.
507,875
1,145,418
1,173,206
Other Income
if the $526,758 stook (par $25). and so by Penn. RR.
See V. 50. p. 498.
1,816,744
1,504,675
1.564.301
In year end. Dec. 31 1909, gross, $327,003; operating def., $2,992; lnt.,
Total net Income
taxes, Ac., $52,588; baL.def. for year, $55,580—but this doesinot Include
$10,391,999 $10,339,104 $11,208,518
Interest on floating debt (of $880,249 Dec. 31 1909).
Miscellaneous rentals
$2,076,266 $1,897,628 $2,853,528
lnt., taxes and miscellaneous
3,120,893
DELAWARE RIVER RR. & BRIDGE CO.—Frankford Jot., Pa., to
3,187,018
2,389,816
Dividends on stock, 9%
3,825,090
Penaauken, N. J., and branches, 9.52 miles.
3,816.000
3,816,000
Capital stock ($1,300,000) Is all owned by the Pennsylvania RR.. which
Balance, surplus
guarantees bonds, principal and Interest, by endorsement.
$1,369,750 $1,438,458 $2,650,173
Dividends;
The earnings of the coal
D«c 1900 r.o June 1906. lncl., 4% vearly (2 J.ftD.*; Dec 1906,
department in 1909 were $16,340,290; expenses,
3%; 1907,
$15,832,415; net, $507,875. In 1908, $23,847,116; net.
5%;
1908,
6%;
1909,
June
26,
2%;
Dec.,
4%;
1910,
June, 2%. Sink, fund,
$1,145,418.
t%; bonds cannot be called.
Guaranty.
V.
63,
p.
1062,
1159; V. 89,p. 1596.
OFFICERS.—Pres., L. F. Loree; Chairman Exec. Comm., R. M. Oly
phant; V. P.. Obas. A. Peabody: 2d V.-P. O. S. SimsDENISON BONHAM: & NEW ORLEANS RY.—Bonham Jet. to Bon¬
3d V.-P ‘ W
h
WlUlams; Treas.. C. A. Walker; Sec., F. M.
Olyphant, Comptroller. W. H. ham, Tex.. 24 miles. Operated since completion, Dec. 1 1901, by the Mo.
Davies, 32 Nassau St., N. Y.
Kans. ft Tex. under a 10-yr. contract.
Stack, *60,000. In Nov. 1905 per¬
mission was given to register $325,000 80-year gold bonds; none outstanding
Managers—Robert M. Olyphant, Channeey M. Depew, John
Jacob
Astor. L.F. Loree. William S
July 4907. V. *76, p. 881lV. 81, p. 1610. Prea.. Ed. D. Steger; Seo..
Owlyke. .1 Rogers Maxwell, Cornelius Van
derbllt. R. Suydam Grant, George I.
John W. Russell.—(V. 77, p. 823; V. 81. p. 1610.)
Wilber. O. A. Peabody, Robert S
Lovett. James A. Linen and Robert C.
Pruyn.—(V.
90,
p.
1044,
1296,
DENVER LARAMIE & NORTH WE STERNER.—Projected to extend
1424; V. 91, p. 790.)
from Denver, Col., to coal fields In Carbon Co.,Wyo., 220 miles, and thence
„
.
Jiarisons with 1907 are Inaccurate, owing to changes In method of
.
.
-
Oct., 1910.]
RAILWAY STOCKS ANDS80NDS.
45
46
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
Miles
Date
[For abbreviations, Ac., see notes on first page]
Road Bonds
e Denver ft
Rio Grande—(Concluded)
First cons mortgage for 942,000,0001
f 1,667 1886
now first mortgage
/gold.. Us.c*&r [1,667 1886
Improvement mortgage (98,000 per mile) gUs.c*&r 1,667 1888
Rio
Grande Southern first mortgage guaranteed _Ce
180
Rio Grande Junction first mortgage
62
guar
Ce.c*
.Rio Grande Western 1st M gold (v 89
435
p 284)--Ce.c*
First cons mtge redeem at par (see text) g...G.c*
669
Utah Central 1st M guar (V 68 p 724) gold
36
G
Utah Fuel Co 1st M 92,000,000 redeem at 110 „.G
'Pleasant Valley Coal 1st M s f redeem at 115 —G
Salt Lake City Union Depot ft RR See that Co.
'Equipment bonds Series A gold 975,000 due seml-an
do
do
Series B. red 101 g 975,000 due s a
'Oes Moines ft Fort Dodge—Common stock.—
Preferred stock 7% non-cumulat-lve
First mortgage gold guar prln ft Interest— Ce.c* &r
198
Second mtge $1,000,000 gold redeem at 105
Ta
Oes Mol la F ft No—See St. Paul ft Des Moines—
Des Moines Union—First M for 9800,000 gold.-Ce.c*
5
Detroit Grand Haven ft Milw—First equip M guar—c*
189
Consol mortgage guaranteed
c*
189
Detroit Hillsdale ft S W—Stock 4% rental L S ft M S
65
Detroit Grand Rapids ft Western—See Pere Marquett eRR
Oetrolt ft Mackinac—Pref stock 91.000,000 auth—...
"First lien" 91,500.000 gold
Qc*
Ail"
"Mortgage bonds" 91.750,000 g red at par
All
Gc*
Detroit Toledo ft Ironton—Com stock (V. 80, p. 650)
First pref 4% non-cum (pref as to assets) 97,500,000
Second preferred 5% non-cumulatlve 95,000,000—
Receivers* certificates
i
do
do
General lien ft division 1st M 94,253,000 gold—N.c*
All
Detroit Southern—Ohio South Division mtge—Ce
263
do
do
Consolidated mortgage 922,500,000 gold
K.c* Text"
Notes for Ann Arbor redeem 102 yt yearly
Usm
Equip trust notes g (V 82 p 99) 9207,000 yrly.-Ta
Detroit So’iibem car trusts due 940,000 yearly
'
....—
......
1890
1889
1889
1899
1898
1901
1898
Par
Value
'
to Boise, Idaho:
are
also
92.233
Rate
When
%
Payable
4 g
J
4H g J
5 g
J
J
4*
5 g
J
J
jf
i*
5gg
5
375,000
1905
1906
1,000
1,000
4K g
1,050,000
0 g
4,283.100
763,500 See text
3.072.000
600,000
1887
1878
1878
1,000
1,000
621.000
2,000,000
1.000
200 ftc
100
100
1895
1895
1,000
1,000
100
100
100
1910
1910
1905
1901
1908
1905
1905.
1905
-
rr-
1,000
100
100
■-
4r0f which 91,677.000 in treasury: there
Amount
Outstanding
9500 ftc $33,922,000
1,000
6,382,000
500
8.335.000
1,000 X2.277,000
1,000
2,000,000
1,000 ftc 15,190.000
1,000 ftc 14.168,000
1,000
390,000
1,000
667,000
1,000
1.019,000
1903
1907
000
r of,
1,000
1,000
1,000
1,000
1,000
1,000
VOL.
ft
ft
ft
A
A
M
J
ft
ft
ft
ft
ft
ft
J
J
D
J
D
J
O
O
S
J
M
M
ft
ft
N
S
ft
August
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Jan 1 1936
Jan 1 1936
June 11928
National Park Bank, NY
do
do
do
do
July 1 1940
Maitland, Coppell, N Y
Dec 1 1939
July 1 1939
Apr 1 1949
do
do
Guaranty Trust Co, N Y
do
do
do
do
Jan 1 1917
Mch 1 1931
July 1 1928
do
do
do
do
May’ll-May'13
Mch’ll-Sep *17
Blair
Aug 2 1909 5%
25 Broad Street N
Central Trust Co N
ft Co,
do
New York
do
Y
Y
il
J
A
ft
ft
J Jan 1 1935
O Apr 1 1935
2*
M
A
A
J
ft
ft
ft
ft
N
O
O
J
950,000 5 In 1910 J
ft
J
J
ft
ft
J July 1 1910 2H H K McHarg New York
D Junel 1995
J P Morgan ft Co N Y
D June 11995
do
do
J
M
ft
ft
D Dec 1 1955
S Mch 1 1941
4H g F
ft
ft
ft
ft
A
D
D
O
3,200,000
1.350,000
1,050,000
1,250,000
12,500,000
7,500,000
5.000.000
735,000
188,000
4,253,000
4.495,000
245,000
2,776,400
5,500,000
1.656,000
80,000
6
4
J
4 t
g
Nov 1 1917
Nov 14 1918
Nov 15 1918
Central Trust Co N Y
New York and London
do
do
July 5 1910 27, Farmers' L ft Tr Co N Y
6
6
4*
i*
J
4H g J
4)4 g A
Aug 1 1980
Dec 1 1908
To June 1915
To Oct 1 1912
Dec '09 coupon cashed
Sept 1910 coupon paid
Aug *07 coup last paid
Dec ’07 coup last paid
Deo *07 coup last paid
Merc Trust ft Dep Co Bal
srnara n
750 miles, of which 56 miles, from Denver to Gree¬
ley, Col., were opened May 15 1910, and 12 m. west of Greeley were under
construction in Oct. 1910.
Stock authorized, 930,000,000; par, $100.
Bonds authorized, $22,500,000, at $30,000 per mile; $560,000 outstanding Oct. 1910; sinking fund,
$250,000 April 1 1925 and each Interest day thereafter. V. 90,
p. 1238.
Successor in 1910 of D. L. & N. W. Ry.
V. 90. p. 502.
Pres., Charles S. Johnson, Denver; Vlce-Pres. and Gen. Man., William
E. Green; Sec., Zeph Charles Felt; Treas., W. E.
Skinner.—(V. 89, p. 593,
922; V. 90. p. 502. 1238.)
total.
000,000) of the stock of the Western Pacific and all the
$25,000,000 2d M.
bonds on the latter.
V. 86, p. 1224, 1284, 1529; V.
87, p. 226 , 285, 544,
741, 1419; V. 88, p. 100, 230, 284, 504, 822;
V.89, p.348, 593;V.90,p.848.
LATEST EARNINGS.—From
July 1 to Aug. 31, 2 months:
2 Months—
Gross.
Net.
Oth. Inc.
Charges. Bal.,Sur.
1910
$4,250,147 $1,406,337 $149,264 $947,488 $608,113
1909
4,037,190
1,378,150
139,541
821,475
696,216
ANNUAL REPORT.—Report for 1909-10 in V.
91, p. 515, 523, Includ¬
ing the Rio Grande Western. See p. 493.
1909-10.
\
1908-09.
1907-08.
Average miles operated
2,541
2,534
2,499
Total operating revenue
$23,563,437 $20,876,571 $20,386,431
Net revenue
7,779,467
6,467,535
7.503,979
Taxes
823,515
762,823
750,471
DENVER BOULDER ft WESTERN RR.—Boulder to Ward, Colo., 26
miles; Sunset to Eldora, 20 miles; branches, 5 miles; total, 51 miles. Reaches
Denver Union Depot from Boulder over Colo, ft Sou.
(third-rail); V. 80,
S.44.650.Stock,
N. par
V. 88, p.
Successor
to Col.
W., $100.
foreclosed
March
29 1909.
all ft
$300,000,
out;
Of the
bonds
($800,000 auth.
Issue), $100,000 are reserved for extensions,
They are
entitled to Int. up to 5% if earned, payableimprovements, ftc.
Sept. 1 beginning 1910; 3%
Operating Income.
$6,955,952 $5,704,712 $6,753,508
Other Income
paid Sept. 1910.
2,690,714
1,379,417
554,296
For year ending June 30 1910, gross, $132,801, against
$115,761 in 1908Total net Income
09; net income, $34,034, against $27,035; charges and taxes, $6,192; im¬
$9,646,667 $7,084,129 $7,307,804
Interest on bonds
provements, $700; bal., sur., $27,141.
Dlv. on Incomes, 3% ($21,000),
$4,606,867 $3,301,051 $3,293,928
Rental of road, yards, terminals, ftc.
paid Sept. 1 1910.
Pres., and Treas., W. B. Hayes; Sec., C. M Williams.
273,476
223,246
47,303
Hire of equipment
Office, Boulder, Colo.—(V. 89, p. 41, 993.)
605,312
502.884
430.737
Div. on preferred stock (5%)
2,488,990
DENVER NORTHWESTERN ft PACIFIC R Y.—To extend from Denver to
2,288,990
2,288,070
Renewal fund
Salt Lake, about 575 miles, along a line about 100 m. south of the
120.000
120,000
120.000
Union Pac.
Appropriations for betterments
and 125 m. north of the Denver ft Rio Grande.
156,360
231,393
In 1905 110 miles, Denver
Appropriations for new equipment..
to Sulphur Springs, Col., were opened.
204.884
Extension, 101 m.. Sulphur Springs Transferred to deferred income
to Steamboat Springs (364 m. from Salt Lake
1,152,844
City), was completed Nov. 1
1908. See V. 75, p. 289; V. 78, p. 1108; V. 80,
p. 1362: V. 86, p. 167.
Total
$9,247,490
$6,797,415 $6,411,431
STOCK, BONDS AND NOTES.—Auth. Stock. $20,000,000, of which Surplus..
$399,177
$286,714
$896,373
*10,000.000 pref. 5% non-cum., all to be issued for
construction,
together
OFFICERS.—Chairman
of
Board, George J. Gould; Pres., E. T. Jeffery;
With $20,000,000 of the $22,500,000 4% bonds V. 75.
p. 1147; V.79, p. 102.
Chas.
H.
Vlce-Pres.,
Schlacks;
Treas.,
W.
J.
•Outstanding Sept 1910. $5,470,000 each of com. and pref. stock and
GlUuly; Sec. and Compt.,
-$10,940,000 bonds. Of the bonds, $8,000,000 are deposited as collateral Stephen Little. Office, 165 B’way, New York.
Directors—George J. Gould, Winslow S. Pierce, E. T. Jeffery, Edwin
for $4,600,000 6 % 2-year notes of the Colorado-Utah
Construction Co.
Gould. Howard Gould, A. H. Calef and Arthur Coppell, New York; Chartes
(which is building the road), dated May 1 1909. redeemable
at 101, and
H. Schlacks, San Francisco; Joel F. Valle,
Denver, Col.—(V. 91, p. 515,
guaranteed, prln. and int., by Pres. D. H. Moffat; Interest payable quar¬ 523.)
terly (Q.-F.); Central Tr. Co., N. Y., trustee; denominations $5,000,
$10,000. $25,000 and $50,000 each. V. 88. p. 1127, 1061. The bonds of
DES MOINES & FORT DODGE RR.— (See Map Minneapolis A St.
the
Continental Tunnel Co., to construct a tunnel 6 miles In
Louis.)—Owns Des Moines to Ruthven. Ia., 137.01 m.; at Ft.
length through the 0.61
Dodge, Ia„
Continental Range,50 miles west of Denver
($5,000,000 auth. Issue), will, 12.45m.; trackage. Tara to Ft. Dodge, 6.07 m.; and Spencer to Ruthven,
if Issued, be guaranteed, prin. and Int.
m.; total. 156.14 m. In 1904 Mlnneap. ft St. Louis acquired
V. 85, p. 1143.
Of the locomotive
$2,530,000of the outstanding $4,283,100 com. stock,and guarantees the
equipment notes, $16,109 mature May 1 1911 and $17,500 quarterly from
$3,072,060
first mtge. 4% gold bonds Issued to retire all the
Aug. 1911 to Feb. 1916. V. 91, p. 945.
outstanding bonds, which ma¬
tured Jan. 1 1905; the Minn, ft St. Louis leases the road for
N. W. TERMINAL RY.—Leases Northwestern Terminal
30 years from
Ry. at Denver Jan. 1 1905: all income over charges. Improvements,
'for 999 years, guaranteeing bonds, prln. ft int.
ftc., to be paid to
Bonds are redeemable
lessor.
V. 79. p. 268,1704. 2085.
?from July 1 1911 to July 1 1916 at 105 and
Guaranty. V. 79. p. 2696. PreLstOck
int.; thereafter at 102 H;see
(non-cum.) shares equally with common after 7% on each.
bond offering in 1910, V. 90, p. 503.
Second M. bonds, $1,000,000 auth., see V. 82. p, 1322.
EARNINGS.—For 12 mos. ending June 3<> 1910, gross,
$973,873, agst.
DIVIDENDS—. \*93. *94. *95. *96 to *98. *99 to *03. *04 to *09.
$661,531 In 1908-09; net, $209,493, agst. $94,195.
*10.
David H. MofOn preferred
?fatt;Treas., Thos. Keely; Sec., F. B. Gibson.—(V. 91,Pres.,
4
%J 2
4
6 y*rly.
7 y*rly.
5 y*rly.
d. 945.)
0
DENVER ft RIO GRANDE RR.—(See
Report for year ending Dec. 31 1909 in V. 91, p 34, showed gross
Map.)—ROAD.—Mileage:
tRoad owned and operated
earnings. $572,499; net, $162,457; taxes ft int., $175,580: deficit, $13,123.
2,5281
Of the preceding:
vRlo Gr. Jc. RR., ftc. (leased)..
Pres.. Edwin Hawley; Vlce-Pres., L. F. Day: Treas., F. H.
701Standard gauge
Davis:
1,810
W. S. CrandeU.—(V. 88, p. 1436,1615; V. 90. p. 1675; V. 91, p. 34. Sec.;
1 Narrow gauge only
787
38.)
Total June 30 1910
2,59812d track
DES MOINES UNION RY.—Terminal road In Des Moines; owns 5 miles
101
'Rio Grande ft Southwestern RR., Lumberton
Station.Col.,33 m. south¬ main track and branches, 14 miles 2d and side tracks, bridge across Des
-easterly, Is operated on basis of 25% of gross earns.
Moines River and 25 acres of land In Des Moines.
V. 79. p. 907.
See statement to N. Y.
In June 1910 construction was begun on a new
joint line with the Colorado Stock Exchange in V. 65, p. 1173. Leased to Wabash RR., Chicago Great
ft Southern from Pueblo to
Walsenburg, 56 miles, at a cost of probably Western, Chic. Mllw. ft St. P. Ry., Chlo. Burl, ft Quincy RR.,
St. Paul ft
$5,700,000. V. 90, p. 626.
Des Moines RR. and Minneapolis ft St. Louis RR.
V. 75, p. 342.
Rental
HISTORY.—Reorganization of a railway company of same name fore- equal to expenses and fixed charges paid monthly by lessees
on wheelage
dosed July 12 1886.
On July 31 1908 the Rio Grande Western was
basis.
Stock auth., $2,000,000; out., $400,000;
par, $100. Year 1908-09.
merged.
V. 87. p. 226, 285. The Rio Grande Junction Is leased
jointly by this co. gross, $268,408; net Inc., $106,344; bond Int., $30.550.—(V. 86. p. 337.)
And the Colorado Midland, and Its bonds
guaranteed.
The Col. Midland Is
DETROIT
HAVEN
GRAND
&
MILWAUKEE RY.—(See Map Grand
controlled by parties Interested severally In the D. ft R
G. and Colorado
Trunk Ry.)—Owns from Detroit to Grand Haven, Mloh., 189 miles.
ft Southern.
A re¬
V. 70, p. 739.
The Rio Grande Southern Is controlled.
organization
of
Sept.
1878
The
principal
and Interest on the bonds
The Missouri Paciflo early In 1901 acquired
$14,800,000 common and guaranteed by the Grand Trunk of Canada. Stock. $1,500,000; par, are
$50.
*7*00.000 preferred stock, this, together with the Rockefeller
Real estate bonds or mortgages, $226,000.
Interest, It
On June 30 1909 sundry out¬
Is understood, constituting a considerable
majority of the entire stock.
standing accts., $2.764.517. Grand Trunk of Canada owns entire stock.
V. 72, p. 338, 580.1238; V. 73. p. 506.
EARNINGS.—12 mos., (1909-10
Denver ft Rio Grande owns two-thirds of the stock
Gross, $2,041,402: net, $485,427
and has given a
July 1 to June 30.
\ 1908-09
Gross. 1,699,402; net, 386,722
Year ending June 30 1909, gross, $1,699,403; net, $386,612; other
Income.
$7,836; charges, $504,483; bal., def., $110,035.—(V. 91. p. 870.)
about equally owned by the D. ft R. G. and Western
DETROIT HILLSDALE & SOUTHWESTERN RR.—Owns Ypsllanti,
Paciflo, which guar¬
antee Its $1,100,000 first mortgage 30-year
Mich., to Bankers, Mich., 65 m.
Leased In perpetuity July 1 1881 to the
5% bonds. V. 88, p. 232.
Shore ft Mich. Southern Ry.; rental, $54,060 per year—4% on stock.
Lake
STOCK.—Early in 1910 $4,000,000 pref. stock was sold at par for Im¬
provements, equip., ftc.,raising amount outstanding to
DETROIT MACKINAC ft MARQUETTE RY.—SEE MISC. COS.
$49,779,800.
DIVS. since *911 *92. *93. *94. *95. *96. *97 *98. *99.
DETROIT ft MACKINAC RY.—Owns from Bay City, Mich., to Cheboy¬
*00.
*01
to July'10
on preferred, % -J
0
2
0
0
2
gan, 196 m.: Rose City Branch, 31 m.; Prescott Branch. 12 m.; Lincoln
2
ZVi 4
4
5 yearly
BONDS.—Consols of 1886 for $6,900,000
Branch, 14 m.; Au Gres Branch, 8 m.: Hillman division, Alpena to
originally reserved for exten¬ Mich., 22 miles
Hillman,
sion to Ogden were available for
(opened Dec. 1909); logging branches (largely temporary).
capital requirements, of which part Issued.
V. 73. p. 507. See abstract of mortgage
81
m.;
In
1908-09
total,
364
m.
forest
furnished
products
52.01
In V. 47. p. 228.
% of traffic.
The improvement mortgage abstract was in
In 1902 Henry K. McHarg and associates acquired control.
Abstract of R. G. W. 1st mort. was In V. "Chronicle**. V. 47, p. 229.
BONDS.—"Mortgage
bonds**
for
$500,000
were
reserved
for
betterments
49,
p. 237, and statement to
N. Y. Stock Exchange. V. 50. p. 73; also V.
fto., at not over $50,000 per year. V. 74. p. 629. In addition to the
69. p. 284. Utah Fuel 1st 5s
amounts shown above as outstanding. $450,000 "first lien** and
40 ,l8t* V* 78, D.
$400,000
1171,
1178,
1548 2015.
The Rio G.w. first consol. 4s of 1899,
bonds were on June 30 1910 held In the treasury.
"mortgage”
see application to list In full
▼.TO. P. 537. V. 72, p. 775,1189. List of coll. June 30
STOCK.—The capital stock Is $3,000,000, of which $2,000*00 common
1910, V. 91. p. 525.
The refunding mortgage dated
July 1 1908 covers the consolidated
and $1,000,000 5% non-cum. preferred.
See V. 74, p. 629. Dlv. on pref.,
properties to secure an Issue of
$150,000,000 bonds, of which $90,- 2H% July 1 1903; since to July 1910. 5% yearly.
<*>0,000 will be reserved to retire underlying bonds
and the remaining $60,LATEST
Gross. $213,615; net. $68*36
W2*?°0
wtu
available for other purposes. The bonds are redeemable at 2mos., July EARNINGS./1910
105 to Aug. be
1 to Aug.31.11909
1 1913 and 110 thereafter. In Nov. 1908 $17,500,000
...Gross, 208,601; net. 53.261
of the
bonds were sold. In Feb. 1909 $5,000,000
LEARNINGS.—Report for year ending June 301909 was in V. 89, p. 1219.
and In Aug. 1909 $5,000,000, the
tn 1909-10. gross. $1,231,244; net income after taxes. $295,330:
bankers having an option of $1,000.000
int. on
additional. V. 87. p. 1419. In addi¬
ction to a lien on the d. & R. G.. the bonds
bonds.
$92,000; pref. dividend (5%). $47,500; bal.. sur., $155,630.
are secured by two-thirds
($50,1908-09, gross. $1,148,974; net. $283,459.—(V. 89. p. 1068,1*19.)
,
....
■
1
LXXXX1.
48
,
*
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
For abbreviations, Ac., see note* on first page]
Miles
Road
Det & Tol Sh L—1st M $3,000,000 $ pip A 1-Me.c* Ar
Dover ft Rockaway—Stock 6% rental 899
48
years
«
Dab & Sloax City—III Cent W lines 1st M g. Us.c*Ar
Iowa Falls St Sioux City 1st M Iowa Falls to SlouxCy
Cher A Dak C R 4s C and Omaha Dlv Stc first mtge
Duluth ft Iron Range—First mortgage.
Mp.c&r
Second M currency redeem at 105 $5,000,000_Ce.c*
Duluth Nlssabe ft Northern—First mortgage gold s f
First consol mtge $3,500,000 gold call at 105
..Ce
General mortgage gold s f, red 105
Nxc*
Dulutlr So Sh ft Atlantic—Marq H St On gen M. -Ce.c*
Duluth South Shore St Atlantic 1st M gold.Ce.cAr
First consol mtge gold Interest guar
Ce.c*Ar
►
Income certs ($3,000,000 held by Can Pao July ’1A‘
Oar trusts guar by Can Pac (due monthly).
do
guar by Can Pac (due $17,000 yearly)
do
do
do
do
Dul Winn & Pac—1st M deb stock guar by Car Nor By
3)ul RLAWta 1st M$2,000,000 g red 105 beg’l 1 ICc5
Dun AU V & Pitts—1st M $5,000,000 guar
a
Durham St SoCai—1st M $300.0<n)gold red lOS.WeBj;
Durham & Southern—1st M $1,000,000 auth gold.-F
Durham Union Station-First M $75,000 g_..S.c*Ar
1907-8.623,
Date
Par
Amount
Bonds
Value
Rate
When
Last Dividend
Outstanding
%
Payable
and Maturity
1903
•
$1,000
100
•
218
1895
184 1869
328 ’88-00
210 1887
210 1896
65
1892
130 1893
215 1906
130 1885
587 1887
587 1890
1892
1906
1907
1909
.
do
do
—
1,000
$00 Ac
1.000
1,000
1,000
1,000
1,000
100 Ac
1905
—
36
36
1888
34
Dutchess County RR—See Central New England By.
Bast Mahanoy RR—Stock
1,000
1.000
1,000
1,000 Ac
50
50
8 Paso Union Pass Depot—1st M g $240,000 s f -Ta
izab’tht’n Ter Co—1st M$150,000 redlOS begApr’15
nira St Lake Ont—Sodus Bay St So—1st M g._ Un.c
1901
1898
1901
8
34
1901
1905
1891
1910
1884
See text
l .ooo
t1909*09
”(‘v07&.Tim*™- W7>,mv *“*••
V. 91, p. 716.
R*NQE RR,—Owns Duluthto Ely. Minn.. 117.22 m.;
Twer Jet. to Tower, 1.40 m.; Allen Jet. to
Virginia, 25.3l m.; McKinley
Steel Co.
si CorpJ owns the etockand
U. S.
$3,500,000 of the $4«*
500,000 2d mtge. bonds.
««•
P;i2*7.) First mtge. bonds auth . $3$.mile for construction
ai
iett®*Land
A7 •°°° 407 equipment. Dividends since
65%; 1906, 40%; 1907. 80%; 1908, 88%; 1909, 145%; in
T«er 1909-10, 100%.
BARKINGS.—2 moa., 11916
Gross, $2.48$ .585; net, $1,725,650
toly t to Aug. 31.
\ 1909
Gross,
2.750.162; net. 2,065.799
Ofo’per
1904^1905,
«
,
4
4
5 g
AM
5
31
181
4M
5
4 g
3,000 000
2,000,000
372,000
2,500.000
3,000.000
240,000
10.000.000
^
-
300.000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
_
J
750,000
54,000
1897
.
—
221,000
6,148.333
2,000,000
2,900,000
165
_
{see
17.200
500,000
,
DOMINION ATLANTIC RY.—See Canadian Pacific Ry.
DUBUQUE ft SIOUX CITY RR.—See page 165.
3,000,000
1,000
128
133
6
6 ff
6 g
6 g
6
5 g
4 g
4
15.107.000
1905
DETROIT TOLEDO St IRONTON RY.—Operates road from Detroit.
Mich., to Ironton, via Lima, 389 m., Including 45 m. of trackage: branches,
Kingman to Sedalla. O.. 31 m.: Jackson to Cornelia. 19 m.. and Llsman
Jet. to Dean, O., 3 m.; total, 441 m.; coal mine tracks, sidings, Ac., 139 m.
Also owns control of Ann Arbor BB., which see. V. 81, p. 284; V.
82. p. 509.
ORGANIZATION.—Successor, per plan V. 80. p. 850, of Det. South.
BB. foreclosed, subject to Ohio South, mtge. V. 80. p. 2344. 1858.
Receivership.—In Feb. 1908 Geo. K. Lowell, Benj. S. Warren and Thomas
D. Rhodes were appointed receivers, the Interest on the consol. 4
Ms due
Feb. 1 1908 being In default. The Interest on the divisional and
gen. Uen
4* was first defaulted Dec. 1 1909.
The Sept. 1909 and March 1910 coupons
on OhicKSouthern division bonds were
paid March 1 1910. V. 89, p. 593;
V. 90, p. 559.
On Feb. 25 1908 $300,000 receivers’ certfs. were authorised
having a lien junior to the Ohio So. division and divisional and gen. lien 4s;
$923,000, lnt. 6%, were outstanding Sept. 28 1910. V. 86, p. 546, 602.
In Jan. 1910 $588,000 first lien receivers’ ctfs. were
auth.. of which
$400,000 rank ahead of all mtges. and $188,000 ahead of the general lien
but after the Ohio So. Dlv. mtge.
V. 90, p. 167.
In Jan. 1910 $500,000 first lien receivers’ certfs. were auth. V. 90.
p. 167.
Committee for Ohio So. Div. 4s.—James N. Wallace,
Chairman; F. E.
Mowle, Sec., 25 Nassau St., N. Y.: Central Trust Co., N. Y„
depositary.
V. 89. p. 1279, 1541; V. 90, p. 559.
Committee for Gen. Lien A Div. 4s.—Otto T.
Bannard, Chairman; Wm. R.
Britton, Sec., 30 Broad St., N. Y.; N. Y. Trust Co., depositary. In Jan.
1910 over 85% had been deposited. V. 89. p.
1482,1596.1667; V. 90,p.167.
The Dec. 1909 coupons were cashed in behalf of the consol,
mtge. Interests.
V. 90,ip. 1490, 1554.
Cominittee for Con. Mtge. 4 Ms and All Other Securities and Claims.—John
Alvin Young. Chairman; Howard C. Dickinson,
Sec.; Windsor Trust Co.,
N< Y., depositary. V. 91, p. 396, 518.
Another Committee for Consol. A Ms.—A committee (Alvin
W. Krech,
Chairman; Charles H. Jones, 20 Broad St., Sec.; Equitable Trust Co., N. Y.,
depositary) also requested deposits of consol. 4 Ms. V. 91, p. 463, 518.
Collateral Trust Noteholders' Committees.—Joseph
Jr., Chairman,
Walter L. Worrall, Secretary; New York TrustRamsey
Co., depositary.
In
In Feb. 1910 about $5,300,000 of the $5,500,000
outstanding notes were
owned or controlled by the committee, and it was
arranged
with
the
Hollins syndicate committee representing about
$1,700,000 notes, to
exchange the committee’s interest in the pledged D. T. & I. consols for the
syndicate’s Interest In the Ann Arbor pref. and com. stock. See circular
In V. 87. p. 1300.
V. 86, p. 337, 420, 480, 346, 602, 1589; V. 87.
p 166,
285. 544, 1300; V. 90, p. 447, 626.
The 5% notes of 1905 ($5,500,000 Issue) are secured
by
$3,001,000
Ann Arbor preferred and $2,190,000 common stork and
$5,000,000 net t,
St I. consols.
In Sept. 1910 the lower Court held valid the
lssuanceof the
$5,000,000 consols. The collateral for the notes is to be sold on Nov. 25
1910.
V. 91, p. 1025; V. 80, p. 2457, 2620; V. 81.
p. 155; V. 91, p. 518,
870
Loans and bills payable June 30 1910,
$635,851.
Stockholders' Committee.—Willard V. King, Evans R.
Dick and E. L.
Oppenhelm (Columbia Trust Co., N. Y,. depositary). V. 86. p. 794.
Pref. Stockholders' Committee.—Alexander J. Hemphill. Chairman; Edgar
CL Hebbard, Sec. (Guaranty Tr. Co.. N. Y.,
depos.). V. 86.
This lnt. ofl the $1,656,000 4 M% equip, trust notes of 1907 p 1409.1529.
being In default,
the equipment was surrendered; but the
obligation remains. V. 89, p. 1410.
EMININGS.—12 mos.J 1909-10
Gross, $1,607,031; net. $113,061
Gross, 1,525,126; net, 245.205
JUDeyear
80REPORT.—For
ending June 30 1909 In V. 89, p. 1217,
Entire System (including Ann Arbor).
—
Gross. Netiaft.Tax.) Oth.Inc. Deductions.
Balance.
$3,233,607 $557,406 $139,964 $1,354,536
def.$657,188
1907-08
3.506,048
413.165
395.956
1,328.838 def. 519,718
Detroit Toledo A Ironton Proper.
$1,525,126 $166,956
$38,476
JSJ08-09
$890,689 def.$885,257
42,405
297.836
915,343 def. 575.101
Interest charge Includes yearly $275,000 Interest on
collateral trust notes
Untied for Ann Arbor stock.
See V. S3, p. 1034.
Pies., Eugene Zimmerman; Sec. and Trass., G. Casper Niles;
Offloe.
Detroit.—(V. 91, p. 396, 463, 518, 589, 870, 1025.)
ft TOLEDO SHORE LINE RR.—Extends from
Toledo to
(suburbs of) Detroit. 47.8 m.; 2d track. 20 m.;
sidings. 3 m.; trackage over
Toledo Ry. St Term. Co., Stc.. 31 m.j total
track, 101.6 m.
V. 787p. 2598The Grand Trunk Western Ry. and the Toledo St. Louis
St Western RR.
°Jf?the
entireby$1,428,000
stock and Jointly guarantee the bonds, principal
and Interest,
endorsement. See form of guaranty, V. 76,
p. 6MV First
J% • P?Id ft®® earnings prior, to June 30 1908; In fiscal year
6% ana In 1909 (after June 30). 2%. V. 87.
p. 1237.
EARNINGS.—2 moe., (1910
—Gross, $115,528; net, $47,820
Juiy 1- to Aug. 31.
11909
Gross. 135,218; net. 49,853
Year ending June 30 1910. gross, $913,624;
net, $453,872, as reported to
I»t-Com. Commission (against 3319.405 In 1908-09).
In
gross,
$878,421; net Income, $401,583; lnt. on bonds, rentals, Ac.,1907-08,
$293,533: lm-
onSferA;10
9.075,000
1,077,000
3,816,000
1,000
_
gin Joliet dr Eastern—1st M ($10.000.000) g.Cex.c*
oosiooo
497,750
1.948,300
495,000
---
Bast Pennsylvania— Stock 6% guar 999yrs Phlla St B
First mtge gold guar p St 1 by P St B BB (end)-.c*
East Tennessee Virginia & Georgia—See Southern By
East Tenn St W No Car—1st M g (V 81 p 1723) GuP c*
Eastern Ry of Minnesota—See Great Northern
El Paso St Northeast—N M By&C coltr gred 105.. N
N M By St Coal M gold
—Ta
Alam St Sac Mt first mtge $900,000 gold guar
N
El Paso St Bock Isl first M $2,500,000 gold...Ta,c*
Dawson Ry St Coal coll trust gold guar p St l-.Ta.c*
J
160,000
1910
1906
1905
See text
68,800
1909
1906
1910
61
4 g
A
J Jan
1 1953
J Jan
1 1916
1 1922
1 1923
1 1941
LXXXXI
Places Where Interest and
Dividends are Payable
Mercantile Trust of
N Y
6
140,000
A
A
O Oct 1910 3%
143 Liberty St New York
4 g
5.425,000
F
A
A Aug 1 1951
Office 115 B’way N Y
7
2.800,000
A
A O Oct 1 1917
do
do
8,930,000 Illinois C entral bo nds or collateral therefor
6
6,732,000
A
A
O Oct 1 1937
Office Empire Bldg N Y
1,174,000
•
'I—
$2,288,000
1199008--,
1,000 Ac
1,000 Ac
•
^
[VOL.
500,000
e
6 g
5
T
J
J
A
J
F
A
A
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A
j Jan
J Jan
J Jan
o Apr 1 1925
J Jan 1 1937
A
Aug 1 1990
Deo 31 1912
j A j To Jan 1911
J A D 15 To June 1912
M A
s Mch 1 1914
A
A o Apr 1 1915
J
A
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J
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1960
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.1 July 1 1935
J Jan 1 1946
N May 1 1955
do
Central
do
Trust
Co
N Y
N Y
44 Wall Street New York
Company's office
do
New York
do
or
London
Montreal. Quebeo
do
do
Chicago, Ill
Detroit, Mich
Philadelphia, Pa
London or Toronto
Chase NatBk.NY; A Chic
Merchants* Trust Co Balt
Farmers L A T Ce, N Y
Standard Trust Co N Y
Reading Term Phlla Pa
4g
J A D 15 Junel519l0 2H
J
A
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M A
S Mch 11958
6 K
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Guar Tr A S D Co Phlla
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$
5
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Oct
do
do
do
do
1 1947
1 1951
Trust Co of America N Y
do
do
do
do
Jan 1 1951
do
do
do
-July 1 1951
do
Jan 1 1916-1935
do
do
N May 1 1941
71 Broadway New York
o Apr 1 1940
J July 1 1924
Nat Bank of Comm N Y
Apr 1 1928
Year ending June 30 1910, gross, $9,530,101;
net, $6,046,648;
other In¬
$92,774; charges, depreciation, Ac., $1,700,771; balance, surplus’
$4,488,651.—(V. 79, p. 2085 )
DULUTH MISSABE ft NORTHERN RY.—Owns from Duluth to Moun¬
tain Iron, Minn..77.98 m.: branch from Alborn
northwesterly to Buckeye
Mine. 53 m.: other branches and sours, 162.47 miles;
trackage to Union
Depot, Duluth. 2 m.; total, 295.43 m. Also branch Duluth to Chisholm.
Minn., about 84 m., opened June 1910. Entire $4,112,500 stk. owned by
Lake Superior Consol. Iron Mines and so by U. S. Steel
Corp. V.
Of the general 5s of 1906, bonds are reserved to retire the 72,p. 1038.
underlying
bonds; additional bonds may be Issued at not over $30,000 per mile
for ad¬
ditional single main track and $20,000 for second, third and fourth
main
tracks and for not over 75% of the cost of equipment and
Improvements.
Sinking fund of 2% yearly of outstanding bonds (tad. bonds In a. f.) retires
bondsby lot at 105. V. 88, p. 622.
Dividends paid fiscal years ending June 30: 1904, 150%; 1906,
119%;
1908, 110%; 1909, 145%; 1910, 240%.
EARNINGS.—2 mos.J1910_
Gross. $4,035,832; net, $3,136,869
July 1 to Aug. 31.
11909
Gross, 3,932,922; net, 3,058,394
For year ending Jane 30 1910, gross, $13,966,426; net, $9,781,61$; other
income, $386,410; lnt., taxes, Ac., $1,672,601; bal., sur., $8,495,424.
In
gross, $10,022,565; net, $6,279,906.—(V. 90, p. 236, 1362.)
DUL. RAINY LAKE ft WINNIPEG RY.—See Dul.Wlnnlpeg A Pac. Ry.
DULUTH SOUTH SHORE ft ATLANTIC RY.—Operates Duluth to
Saulte Stc. Marie. 415 miles; “Soo” Junction to St. Ignace, 43 miles; other.
133 miles; total, 606 miles, tadudtag 21 miles of trackage.
CAPITAL STOCK.—Common stock Is $12,000,000; pref., $10,000,000:
Pref. stock Is 6% non-cum.
par« both $100.
Can. Pac. July 1 1910
owned $6,100,000 com. and $5,100,000 pref. stock, $3,000,000 Incomes
and $15,107,000 consols.
BONDS, Ao.—Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has Interest at 4%
guaranteed
by Can. Pao.. which July 1 1910 held tbe entire outstanding issue ($15,107,000) ta Its treasury as security for Its 4% debenture stock; consols for
$4,893,000 are reserved for prior bonds, and additional amounts may be Issued
at $20,000 per mile of new lines.
Car trust 4 Ms of 1906, V. 82, p. 452. Due
Canadian Padflc Ry. June 30 1910 for guaranteed Interest advances,
$5,865,515: unguaranteed car trusts. $236,215.
LATEST EARNINGS.—/1910
Gross. $64*,462; net. $248,111
2 mos., July 1 to Aug. 31. \1909—
Gross,
593,674; net,
192,640
Surplus after charges, $62,349; against $15,040 In 1909.
REPORT.—Report for year ending June $0 1910 ta V. 91, p. 78$. Of the tonnage ta 1909-10, ores furnished 49%, lumber, Ao.. 19%.
Year—
Gross.
Oper.lnc. Other Inc. Charges. Bal.Jfef.
$3,372,090 $815,572 $61,322 $1,228,610 $351,715
1908-09
2,785,587
544.086
146,209
891.742
201,447
Pres., W. F. Fitch, Marquette, Mich.—(V. 91, p. 397, 788.)
DULUTH WINNIPEG ft PACIFIC RY.—Owns entire $2,000,000 stock
of Duluth Rainy Lake A Winnipeg Ry., Virginia, Minn., north to the Cana¬
dian Northern at International Falls, 98 miles, giving that road access to
Duluth and Two Harbors at the head of the Great Lakes, and will build from
Virginia to Duluth, 73 miles (contract being let July 1910); also branches
ana spurs for Industrial and mining purposes and docks at
Duluth, where
valuable sites for terminals have already been secured. V. 87, p. 1605,
1664; V. 88. p. 563, 623. 882, 1252. Cap. stk. auth., $6,000,000; par. $100.
Securities.—The first mtge. 4% deb. stock of 1910 Is guar., p. A 1., by
the Canadian Northern Ry.
Of the $10,500,000 auth. Issue, $4,62$,333
come.
i£950,000)
2,000,000 Is
hasreserved
been sold,
to retire
$1,525,000
the Duluth
was Issued
to Lake
retire Aexisting
securities,
Rainy
Winnipeg
bonds
at
maturity Jan. 1 1916 and the remaining $2,351,667 to be available for
further extensions, Ac.
On payment of the D. R. L. A W. bonds ta 1816
Its property will be transferred to the company, so that the deb. stock will
become a first charge on 173 miles, the D. R. L. A W. stock in the meantime
being vested with the trustees, the National Trust Co. of Toronto and the
British Empire Trust Co.
V. 90, p. 1490; V. 91, p. 154.
The Virginia A Rainy Lake Co., which formerly owned the D. R. L. A
W., guarantees the Interest on the latter’s bonds.
V. 81, p. 553, 613,1843;
V. 82. p. 751; V. 84. p. 158; V. 85. p. 1518; V. 89, p. 1279.
EARNINGS.—Of Did. Rainy Lake A Win. for year ending Deo, 311889,
gross, $441^826; net over taxes, $143,379.—V. 90, p. 1490.
NDW,&^a{TC
Hudson River RR. for 501 years from Jan. 3
1873! rental providing interest
on bonds and 1 M% yearly dividend on $1,300,000 stock, of which $1,179,275 owned by lessee Dee. 21 1909.
Operated by the Lake Shore A Mleh.
Southern as agent for the lessee since Oct. 1 1901.
Bonds, $5,000,000
50-year AMs auth. July 1 and Augvl 1910 (present Issue, $2,989.000),
are to be guaranteed, prin. and lnt., by N. Y. C. A H*vR. RR.
▼. 88, p.
1490, 848; V. 91. p. 336.—(V. 90, p. 1490; V. 91. p. 336.)
DURHAM ft SOUTH CAROLINA
N. C., south 30 miles
to Bonsai on the Seaboard Air Line. RR-^P^ham.
Stock, $300,000; par, 3100. Bonds,
see table.
Year ending Jana 30 1910, gross. $62472; net, after taxes.
$32,275; interest on bonds, $15,000; bal., sur., $17,276. Pres., Ernest
Williams, Lynchburg, Va.—(V, 90, p. 1424.)
DURHAM ft SOUTHERN RR.—East Durham to Duma, N.C., 59 miles.
Durham to East:
st Durham. 2 mUes^ total, 61 miles.
Stock authorised,
$1,000,000; on
“,000; par, $100. Bonds, see table above.
In cal. year 1908,
1$; net. $205,109. ForycarendlngJune80
1803, grew, $261
27,859; other receipts, $4,876; charges, taeluding taxes_^$$r
V L. Fuller.
Pres., B. N.
Offloe, Durham, N. O.
DURHAM UNION STATION CO.-—Owns passenger station at Durham
N. aVopeMd Mavll905 and used by the Southern Ry.. Seaboard Air tbe
Ry., Norfolk A western By. and Durham A Southern, which each own agefourthof $$$.$00 Stock. Leaseprovidesforrental by several lines sumdsot
to pay tat. and other charges.
Pres., H. W. Miller; See., C. If. Free man.
.
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MAP OF THE
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50
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
For abbreviations, Ac., see notes on first
page]
Qfflira & Williamsport—Stock common 5% rental NC
Preferred stock 7% rental 999 yean Northern Cent
Pint If ext 1910
Miles
Road
Date
Bonds
73 H
73*
73*
Par
Value
950
....
....
1860
1863
Amount
Rate
Outstanding
When
%
Payable
$500,000
5
7
500,000
963,000
4
5
570.000
2,000.000
7
7
1.420.750
4.258.000
3* g
112,378,900
16.000.000 See text
50
9091
...
1,000
[VOL.
M
J
J
A
A
A
A
Last Dividend
and Maturity
N
J
J
O
—
•••
Nov 1910
Broad St Station Phila
do
do
do
do
do
do
10 ’10 1 H Union Trust Co New York
do
do
10 ’10 1 h
1 1940
do
do
Jan 1 I960
Oct 1 2862
—-
—
G.xc*
67
1895
1,000
EAST BROAD TOP RR. A COAL CO. (Pa.)—Owns from Mount Union,
Pa., to Woodvale. Pa.. 31.13 miles; Booker Jet. to Booker, 2.36 m.; oper¬
ates Shade Gap RR., 10 m.,
and Rocky RR., 4.93 m.; total, 46.06 m.
See V. 75, p. 77.
A coal road opened In 1874.
Stock, 9815,589 (par
950), of which 5247,189 Is 6% non-cum. pref. First mtge. 4s (5500.000)
extended In 1908 to Jan. 1 1958. Second mtge. 4% Income
bonds, 5466,705, due Jan. 1958, given In 1908 for back Interest from 1885.
Car
trusts, 942.000; lnt., 6%. payable J -D.
Year 1909-10, gross, 9237,621;
net, 3119,3*1; other income, 34,916; interest on bonds, Ac., 922,520;
balance, surplus, 3101,728. Pres., R. S. Siebert, Orbisonla, Pa. Office.
406 Lafayette Building, Philadelphia.—(V. 77,
p. 145.)
'EAST MAHANOY RR.—Owns from East Mahanoy Junction to St.
Nicholas and branches, 11 miles; 2d track, 2.10 m.; total track. 19.70 m.
Re-leased Dec. 1 1896 for 999 years to Little Schuylkill Nav. RR. A Coal Co.
at 5% on stock, and lease assigned to Phila. A
Reading Ry. Of the stock
9280,000 was deposited by Reading Co. under its general mortgage.
EAST PENNSYLVANIA RR.—Owns Reading, Pa., to Allentown,
95.38 miles; 2d track, 27.17 m.; all track, 87.50 miles. Leased for 999 Pa.,
years
from May 1 1869 to the Phila. A Reading RR. at a rental of 6%
per annum
on the stock and Interest on the bonds.
Lease assumed in 1896 by the
Phila A Read. Railway Co.
Of the stock, 31,096,700 wasowned by Read¬
ing Co. June 30 1909, 51.092,850 being deposited under gen. mtge. of 1897.
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.—A narrowgauge road from Johnson City, Tenn., to Cranberry, N. C., 34 m.; also John¬
son City to Hampton, Tenn., 15 m., third rail.
Controlled by Cranberry
Iron A Coal Co.
Stock, $501,900.
Dividends, 4% paid In 1908-09; In
1909-10,8%. For year ending June 30 1910, gross, 3222,787; net, 9106,379;
other Income, 55,893; lnt., taxes, Ac., $34,194; dlvs.
(8%), $39,396; bal.,
sur., $38,683.
Pres., F. P. Howe, Phila., Pa.—(V. 82, p. 333, 1379.)
EASTERN KENTUCKY RY.—Riverton to Webbvflle, Ky., 36 m. Stock,
oommon, 91,697,800; preferred, $1,779,500; par, $100.
No bonds.
Bills
payable and car trusts June 30 1908, $51,008. Year 1907-08, gross, 350,399; net after taxes, 9421.—(V. 90, p. 1362.)
EL PASO & NORTHEASTERN CO.—Owns the El Paso A Northeastern
Ry., from El Paso, Texas, northeast 165 miles, to the Salado coal
fields;
controls and operates El Paso A Rock Island
Ry., Carrizosa to Santa Rosa.
128 m.; Alamagordo A Sacramento Mtn.
Ry., Alamagordo. N. M., to
Russia. 31 m.; Dawson Ry., Liberty, N. M., to Dawson, 133
m.; total, 457
miles. Name changed from New Mexico Ry. A Coal Co. in
1905. Operated
as eastern div’n of El Paso A Southw’n
Co., lessee, the western div’n being
the El Paso A Southwestern RR., El Paso.
Tex., to Benson. Arlz.. with brs.
The El Paso A Rock Island Ry. was
In 1902 with 92,500.000
stock (of which 60% owned by the incorporated
El Paso A Northeastern Co.) and
92,500.000 5% guaranteed 50-year bonds. It has close traffic
.
agreement
with Chlo. Rock Island A Pacific for 999 years.
V. 71. p. 1219.
The Dawson Railway A Coal Co., stock
93.000,000,
has issued $3,000,000
collateral trust bonds, which are guaranteed,
principal and
secured by the stock and bonds ($3,000,000 each) of the interest, and are
Dawson Ry.. and
those of the Dawson Fuel Co. (51.000,000 each),
the latter owning about
25,000 acres of coa mineral and timber lands,
being sold in 1905 to the
Stag Canon Fuel Co
V. 73, p. 900; V. 74, p. 776; Y. 87,
p. 1604.1536.
1
STOCK.—Stock. 912,000,000. all of one class. In May 1905
Phelps.
Dodge A Co. Interests, It Is understood, acquired entire stock of
system.
BONDS.—The New Mexico Ry. A Coal Co. coll, trust 5s
of 1897 are
secured by the stock and bonds of El Paso A N. E.
Ry. of New Mex. (52.700,000 of each), the stock of the El Paso A N. E. RR.
of
(no bonds Issued), and all the stock (92.500.000) and all the Texas. 5300.000
bonds (51,500,000) of the New Mexico Fuel Co., the latter
oovering 3.500 acres of coal
lands.
Of the first and consolidated and coll, trust 5s of
1901, 53,000,000
are reserved to retire the coll, trust 5s
of 1897 and 92.000.000 are applicable
for improvements and new equipment.
V. 74, p. 776.
The bonds of the Alamagordo A Sacramento Mtn.
Ry., of the El Paso A
Rock Island and those of the Dawson
Ry. A Coal Co. are guaranteed.
EARNINGS.—2 mos.,/1910
Gross, 31,187,023; net, $477,945
July 1 to Aug. 31. (1909
Gross, 1,189,083; net, 493,548
REPORT.—For year ending June 30 1910. of entire El Paso A
South¬
western system (901 miles), gross,
$7,437,660; net after taxes ($255,600),
92,769,943. N. Y. office, 99 John St.—(V. 81, p. 508; V.
87, p. 1605.)
EL PASO UNION PASSENGER DEPOT.—Owns
depot at El Paso, Tex.,
which was completed about Nov. 1 1905.
Leased by El Paso Northeastern.
El Paso Southwestern, Galveston
Harrisburg A San Antonio (So. Pac. Sys.).
Atch. Top. A Santa Fe, Tex. A Pac. and Mex.
Cent, railroads on a wheelage
basis providing for maintenance and all charges.
Stock. 9240.000. owned
equally by the six roads named. Of the bonds (see table
above), 912.000
mature Jan. 1 yearly beginning 1916. V.
78. p. 104; V. 81, p. 1043. Pres.,
C. W. Kouns; Sec., w. R. Martin; Treas., U. S.
Stewart.—(V. 82, p. 1496.)
ELGIN JOLIET & EASTERN RY.—-Owns from
Waukegan. Ill., on Lake
Michigan, via Spaulding and Joliet, to Porter. Ind.,
129.94 miles, and
branches Norman town to Aurora, 9.65 miles—Walker
to South Wilmington.
Ill.—33.30 miles; Hammond to Whiting. Ind.,
Ac.,
16.39
miles; Rockdale
Jot. to Rockdale, 6.57 miles; Cavanaugh to
Shearson. Ind., 2.64 m.; total
main line owned, 198.49 miles; spurs to coal
mines, Ac., 30.52 miles; track¬
age, 268.29 miles; 2d track, 30.74 m.; side and yard tracks
owned, 116.86
m.* total track operated, 644.190 miles.
Also leases Chic. L. S. A East for
60 years from June 1 1909 and with the U. S.
Steel Corp. guarantees its
39,000.000 4 H% bonds, p. A I. V. 89, p. 1410. Owned
by Federal
Steel Co. and so by U. S. Steel Corp
STOCK.—310,000,000, as increased from 96.000.000 In June 1909*
par. 3100.
Div.. 4% yearly (In Dec.) in 1899 to 1909.
EARNINGS.-2 mos.,/1910
.Gross, 91,485,817;
net, $426,168
v
J&Ft1
3!. 11909 Net,
*....Gross,
1,567,848; net. 768,863
Yr,end.
June^Aug.
30. * Gross.
Other Inc.
Charges.
Surplus.
1#2£L° -I-33.413.731
$74,456 33.065.531 $422,856
... Pres.. A.
F. Banks —V. 89. p. 1410,
-
J P Morgan A Co N Y
do
do
do
do
do
do
1.000.000
5 ff
J
A
.1
July 1 1918
do
do
do
do
do
do
do
do
do
do
do
do
do
do
«
m
C—Erie Railroad Company Bonds
Seoond M on Buff ASW gold ext 1908
Places Where Interest and
Dividends are Payable
July 1910
Income bonds 999 years to run
c*
500
A
Brio A Pittsburgh—Stock 7% rental 999 yrs Penn Co
83
50
Q— M Sept
Special guaranteed betterment stock 92,500,000...
83
50
Q—M Sept
General mtge (now first) 94,500,000 gold guar-.Un
83 1890
1,000
J
A
J July
Erie Railroad—Common stock 9192,000,000 auth
100
Second pref stock 4% non-cum redeem at par
100
Seml-ann
Pint pref stock 4% non-cum, redeem at par......
100 47.892.400 See text Seml-ann Apr 1907 2%
Apr 190 7 2%
A—Old Bonds Assumed—Roads Consolidated
N Y A Erie 1st M Plerm to Dun ext 1897 gold..c*
447 1847
1,000
2.482,000
4 g
M
A N May 1 1947
Second mortgage (extended In 1879) gold
447 1849
c*
1,000
2,149,000
5 g
M
A
S Sept 1 1919
Third mortgage (extended In 1883) gold
447 1853
1.000
c*
4,617,000
M
A
4*
s Mch 1 1923
g
Fourth mortgage (extended In 1880) gold-.-.c*
475 1857
1,000
2,926.000
5 g
A
A
o Oct 1 1920
:
Fifth mortgage (extended In 1888) gold
475 1858
500 Ac
c*
4 g
709.500
J
A
D Junel 1928
Erie Ry 1st M Buff Br Homellsv to Attica gold-.c*
60 1861
200 Ac
182.400
4 g
J
A
J July 1 1931
First consol mtge 930,000,000 gold 9 or £--F.c*c
526
1870
1,000 16,891,000
7 g
M
A
s Sept 1 1920
N Y L B A West first oons mtge gold
526 1878
c*
500 Ac
3.699.500
7
M
A
g
S
Sept 1 1920
Buffalo N Y A Erie 1st M (Buffalo to Corning).-c*
140 1876
1,000
2.380.000
7
J
A D June 1 1916
Buff A S W 1st M g ext 1908 red 105 g..
67
1877
50 Ac
xc*
1,500.000
5 g
J
A
J July 1 1918
Newburg A NY 1st M gold extended In 1889....c*
12 1868
1,000
250,000
58 J A J Jan 1 1929
B—Bonds on Properties Controlled by Ownership of En tire (*) or a Maj orlty (b) of
Capital S tock. or by (c) Lease
Bergen Co RR 1st M Ruth Jet to Ridgewood N J._
10 1881
1,000
200.000
6
A
A
O Apr 1 1911
Ch A Brie 1st M g (Marlon O to Ham’d Ind) __Ce.c*
250 1890
1,000 12,000.000
M A
N May 1 1982
5
8
Chicago A Atlantic Terminal first mortgage g. -Ce
1888
1,000
300,000
5 g
J
A
J July 1 1918
cGoshen A Deck’t’n 1st A 2d M’s (980,000 are 2d).
68-69
246.500
6
Various 1928-1929
cMont A Erie 1st A 2d M’s (940.500 are 2ds)
66-67
5
170.500
Various 1926-1927
Jefferson 1st A 2d M’s ext In ’87 A *89(H’daleBr) ..c
8 67-69
500 Ac
300,000 4J< A 6 J
A
J July 1 1927-29
1st M Carbond to S depot g ext In *09 red 105FP.C*
37 1889
1,000
2,800.000
5 g
A
A
O Apr 1 1919
Long Dock Co oons M g (now 1st M) (see text)—c*
1885
1,000
7.500.000
6 g
A
A
O
Oct 1 1935
cN Y A Greenw L prior lien M 51,500,000 gold— N
52 1896
100 Ac
5 g
1,471,600
M A N May 1 1946
bNew Jersey A New York 1st M ext in 1910
c*
34 1880
500 Ac
5
400.000
M
A
N
May
1 1940
General mtge 91,200,000 (red 105 after 5 yrs) gold
1892
500 Ac
629,500
5
J
A
J Jan 1 1933
NYLEAWC RR 1st M “lawful money’’--Mp.c*
1882
1,000
6 cur M
1,100,000
A N May 1 1922
N Y L E A W D A I Co 1st M (V 58 p 82)
1883
F.c*
1,000
6
3,396.000
J
A
J July 1 1913
N Y Pa A Ohio prior lien mtge gold 9 or £
F.c*
422 1880
500 Ac
8.000
000
M
A
g
S Mch 1 1935
Do
Leased lines—see separate statements for Cl evelan d A M
ahonlng
Valley
RR
and
Shar
on
Ry
«N Y Susquehanna A Western—Northern New Jers ey—T
loga R R—See e ach compan y
•
LXXXXI.
do
do
do
do
50 Church St, New York
do
do
do
do
50 Church St. New York
Fidelity Trust Co Phila
50 Church St. New York
J P Morgan A Co. N Y
do
do
do
do
do
do
do
do
do
do
do
do
50 Church St, New York
ELIZABETHTOWN TERMINAL RR.—Under
CTom
construction May 1910
Westport, N. Y., on the Delaware A Hudson to
Elizabethtown, 8 m.
Stock, 380.000* par $100.
Bonds ($150,000 auth.) are subject to call
at
105 on and after
April 1915. V. 90, p. 1362. Pres., G. W. Jenkins.
Elizabethtown, N. Y.—(V. 90, p. 1362.)
ELMIRA & LAKE ONTARIO RR.—Owns from
N. Y., to
Chemung Jet., 64 m.; Sod us Point to Stanley, 34 m.;Canandaigua,
other, 2—total, 100 m.
Leased at cost of operating to the Northern
Central, which owns all the
91,500,000 stock. Lease may be terminated on 30 days'
notice.
Cal. Year—
Gross.
Net.
91.128.053
1.055.139
1908
Int.. Ac.
$185,158
191.030
534.712
66.897
Balance.
def .,$150,114
def. 124,133
ELMIRA & WILLIAMSPORT RR.—Owns from Williamsport, Pa., to
Elmira, N. Y., 73.49 miles. Leased to the North. Cent.
Ry. for 999 years
from May 1 1863.
The dlvs. on the com. stock are 5% and on the
pref. 7%,
less taxes, making div. on com. 4.54% and on
pref.
6.40%.
The 3963,000
1st 6s due Jan. 1 1910 were extended to Jan. 1
1950 at 4%.
V.
89.
p. 1667.
Cal. year 1909. gross. 31.758.798;
net, $391,761; rental. $149.280.—(V. 89;
1667.)
ENID OCHILTREE & WESTERN RR.—Owns from
Dalhart, Tex., east
35 miles. Completed March 1910 part of 113 miles
projected from Ochiltree,
Tex., to Dalhart. Stock auth., $500,000. Stockholders
were on Feb. 8
1910 to auth. a mtge. to secure 30-year
6% bonds at not exceeding $15,000
p.
per m.
V.^KL ^P* 447. Pres., Geo. M. Peary; Treas., W. B. Slaughter.—
ERIE & PITTSBURGH RR.—Owns New Castle, Pa., to Girard,
Pa.,
79.56 miles: branch to Erie docks, 3.41 m.:
trackage to Erie, 16.74 m.; total
operated, 99.71 miles.
Leased to Penn. RR. for 999 years in 1870 at
7%
on stock and interest on bonds, and lease
transferred to Penn. Co.
Under
agreement of Nov. 1 1905 the Penn. RR. will provide
sinking fund install¬
ments required by the gen. mtge., the E. A P. to
deliver Its 3 H% debentures
at par for such advances and at
maturity of the gen. mtge. bonds to ex¬
change new mtge. bonds therefor. Debentures Jan. 1 1910 9234.843.
STOCK.—The special betterment stock ($2,500,000 auth.) is subordinate
to the old
stock, but guaranteed 7% dividends.
Dividends on old stock
subject to a 4-mill tax on assessed val., on special
betterment, tax-free.
EARNINGS.—The profit to the lessees in 1906 was
$475,744; in 1907;
9634,366; in 1908, $90,476; 1909, $231.443.—(V. 84.
749.)
are
p.
ERIE RAILROAD.—(See Map on adjoining
page.)—Embraces trunk¬
line from Jersey City, opposite N. Y. City, to
Chicago, Ill., 998 m.. and
branches, 1,397 m.; total, 2.391 m.: second track, 895 m.; 3d and 4th trades,
55 miles; total, all tracks, 3,321 miles.
Lines owned in fee—
Miles.
Leased lines—
Miles
Piermont, N. Y., to Dunkirk.. 447 Avon Gen. A Mt. Morris.*13
Buffalo to Jamestown. N. Y__
67 Montgomery A Erie
*10
Buffalo to Corning, N. Y
140 Northern RR. of N. J........
*29
......
...
Other branches
144 Goshen A Deckertown
Stock all (a) or nearly all (b) owned.
Rochester A Genessee Valley..
aChlcago A Erie RR..
*250| Other lines
aJefferson RR
*451 Leased to Nypano RR.
N. Y. A Greenwood Lake RR.
*52|Cleve. A Mahoning Valley RR.
bNew Jersey A New York RR. *38 j Sharon
Railway
Erie A Wyoming Valley RR—
59 j Other lines
*12
*19
4ft
*81
*32
54
220
,
a Nypano
RR
bTIoga RR
*4221 Trackage
581
Other lines
♦See this company.
...
1571 Lines in system June 30 *10..
2,391
| N. Y. Susquehanna A West— *239
HISTORY.—On Deo. 1 1895 succeeded, per plan In V. 61,
p. 369, the
N. Y. Lake Erie A Western RR Co., sold in foreclosure under its
2d con¬
solidated mtge.
The company holds In tee 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 Chic. A Erie oompanies), and also all subsidiary lines exoept a few small properties.
COAL AND STEAMBOAT PROPERTY.—The Erie coal
properties rep¬
resent an aggregate of 12,400 acres of anthracite, of which about
9,000 acres
are held in fee; also 53,000 acres of bituminous ooal lands held in
tee, 14.000
acres of bituminous held under mineral rights.
Its ooal tonnage in the
year 1909-10 aggregated 19,128,796 out of the 38.763.600 terns hauled.
The Union Steamboat Line (merged in Erie RR. Co. June 30 1896), has
terminal. Ao., properties in Buffalo and 8 lake steamers. See V. 63. p. 514.
The Penn, coal properties acquired In 1901 are additional.
V. 82. p. 1322.
STOCK.—The voting trust was dissolved May 1 1904.
V. 78, p. 1549,
The prior lien and the general lien bonds of 1895 have 10 votes for each 31,000 of principal, their authorized issues aggregating 9175,000,000. of whloh
$81.342 000 Issued in .Tuiv 1Q10
Pr«’dslons of preferred stock were in
OUDDlCiUCUII
of April 1897,9 page WI
"Supplement”
w
3. V.
WV|
K* 335, 573.
66, p.
DIVIDENDS (cash) %
1 ’01. *02. *03. ’04. ’<05. ’06. 1907. *08. to 10
On first preferred
4
4
1H 3
3H 4
Apr., 2
0
On second preferred
2
4
J
Apr., 2
0
BONDS.—The new first consolidated mtge. Is for $175,000,000 (Farmers'
Loan A Trust Co., trustee)—see abstract of deed V. 62, p. 89, and secures
$35,000,000 prior lien and $140,000,000 general lien bonds. Both series
w«
•
..
—
..
..
have voting power; see "Stock” above.
Of the $140,000,000 general lien bonds. 892,073.000 were reserved forthe
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, additions, Ac., after 1897,
not over $1,000,000 to be used in any one year
In Oct. 1910 application
was granted to issue $1,000,000 gen. lien bonds for coal
cars; making $36,885,000 outstanding. V. 91; p. 945. The position of the first consolidated
mortgage is substantially as follows;
It is a first Hen (mortgage or collateral, the prior Hen bonds, however, pre¬
ceding the general Hen bonds) upon the oofs chief coal properties (exoept
Penn. Coal Go.)- upon its water transportation lines
(Including valuable ter¬
minal properties appurtenant thereto), and
upon a number of profitable
local lines in New Jersey and near
Buffalo; it u a second lien upon certain
.
.
„
BSARTOAINLWCDKSY.
Oo*,l9O.]
52
RAILWAY STOCKS AND BONDS
.JtAILROAD COMPANIES
„
[For abbreviations' Ac.,
see
notes
on
first page}
Miles
Road
Date
Bonds
Par
Value
Amount
Rate
Outstanding
When
Payable
[VOL.
Last, Dividend
and
Maturity
Eric Railroad — (Concluded)—
Prior Hen bonds 535,000,000 gold
General lien 5140.000,000 gold.
LXXXXI
Places Where Interest and
Dividends are Payable
"
__F.c*Ar
1805
51,000 535,000.000
A
Jan
1996
_.__c*Ar
1895
1,000 * 36,885,000
A
Jan
1996
Penn coll trust M$36.0G0,000 g s f (text) -Me.cAr
1001
1000 Ac
34,000,000
A
1951
Feb
First oonv mtge 550,000,000 gold Series A
S c*Ar
1003 1,000 Ac 10.000.006
A
1953
Apr
do
do
do
Series B.
1905 1,000 Ac 11.015,000
A
A
1953
Apr
Coll tr g notes 515,000.000 red par
B5.se*
1908 1,000 Ac 13,984.COO
A A 03 Apr
1911
Efle A Jersey notes secured by E A J bonds..
1907
3.000,000
Dio
1
1910
?'
Avon Geneseo A Mt Morris and Rochester A Genes e* Val
ley Stacks—See those Comp antes
Evansville A Indianapolis—See Evansville A Terre Haute
Evansville & Terre Haute—Common stock
50
In 1910 Yearly
3,987.383
Nov 11010 5%
Preferred stock non-cumulatlve (see text)-..—Ta
50
1,283,333
In 1910
A
Oct 15 1910 214
First consolidated mortgage gold
F.c*
144 1881
1,000
3,000,000
6 g
A
July 1 1921
Mount Vernon Branch mortgage gold
25 1883
F.c*
1,000
8 g
375,000
A
Apr 1 1923
Sullivan Co Coal Branch mortgage gold
F.c*
1890
1,000
450,000
A
Apr
1 1930
First general mortgage for $7,000,000 gold
199 1892
*
F.c*
1,000
5 g
3.145.000
A
11942Apr
Equip bonds Series B due $20,000 s-a_-—
1905
Ba
1,000
180,000
A A Feb *11 Feb *15
4X g
do
\
Series C due $00,000 s-a (V 82 p 027) .Ba
1008
1,000
660,000
A A Feb ’ll-Feb *16
4X g
Evansville A Ind 1st M gold guar
54 1884
.F.c*
1,000
647,000
A
July 1 1924s
Cons M ($2,500,000) g gu p A I (end) EATH-FwC*
134 1886
1,000
1.853.000
A
J Jan 1 1926
Fitchburg—Preferred 5% rental
100
text.
[See
Oct 110 1
Q—J
Bonds to State of Mass 4% since Feb 1897-.-—
1887
1,000
5,000.000
4
M
A N Feb 1 1937
Bonds not mortgage
cAr
1890 1,000 Ac
4
500O00
J
A D June 11920
Bonds not mortgage
c*
1894
1,000
500000
MAN May 1 1014
Bonds not mortgage (51.359.000 due 1915)
*95-96
c*
1,000
1,859,000
Various 1915 and 1916
Bonds not mortgage ($2,750,000are4sof *97).-cAr
*97-98 1,000 Ac
4
4,200,000
Various 1927-1028
Bonds not mortgage ($1,775,000 are 3 Xs of *01)cAr
*00-01 1,000 Ac
2,275.000
A
A O Oct 1 1920-21
Bonds not mortgage 52,000,000 authorized—c*Ar
1907
1,000 Ac
2,000,000
A
A
O Apr 1 1927
Bonds not mortgage $3,650,000 currency——cAr
1005 1,000 Ac
4
3,660,000
M; A N
87 1 1925
Bonds, not mortgage 52,400.090
_„cAr
1908 1,000 Ac
3,400,000
MAN May 1 1928
Troy A Boston first mortgage (V 53 p 405)
55 1874 1,000 Ac
cAr
573.000
J
A
J July 1 1924
Brookline A Pepperell plain bonds guar (end)
1801
c
1,000
100,000
J
A D Dec 1 1911
Vermont A Massachusetts plain bonds guar
cAr
1003 1,000 Ac
772,000
MAN
May 1 1923
Id OciHa A Broxton—1st M 5300.000 g red 110
30 1907c
1,000
8 g
150,000
J
A
J July 1 1937
>ere Marouette—See Pere Marnuette statemen
Ry—First mortgage 54,000.000
Ca
59 1900
100
See text
5
J
A
J July 1 1959
itral—Mtge $200,000 gold (see text)
47 1007
10,000
200,000
MAN Nov nwm-14
___■ mortgage
47 1010
1,000
300.000
A
A
O
Apr 1 1940
Florida Central A Peninsular—See Seaboard Air Line Ry
New York and London
50 Church St. Netf York
do
do
do
do
if
6*
.
l
!*
-
Checks mailed
Checks mailed
v
Bankers’ Trust Ce N Y
do
do
do
do
do
do
Blair A Co New * York
do
do
Bankers' Trust Co N Y
do
do
Office, Boston A Me Bost
Office FltchburgRR. Bost
do
do
do
i*
do*
do
do
do..
do
do
do
lH
!*
f*
'
S*
---
therallroads leading to all the
coaJprqperthe Buffalo N. Y. A Eric RR.
(Hie 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 Plermont ana Dunkirk (447 miles).
The collateral trust 4s of 1901 are secured by 51% of the entire N. Y.
Susq. A Western stock ($26,000,000 total Issue), all of the Pennsylvania
Coal Co stock, and the stock of the Erie A Wyoming Valley RR., Scranton,
Pa., to Lackawaxen, 65 miles, and Delaware Valley A Kingston RR. A
•ink. fund of 10c. 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 lnt. thereon to be added to the sinking fund,
which. It to estimated, will be sufficient to retire the whole Issue at or before
maturity, V. 71, p. 1219,1311: V. 72, p. 44. and circular, p. 136, 532,257;
V. 79. p. 212.
In 1901-10 $3,862,000 Included above as outstanding was
purchased by the sinking fund.
The conv. 4s of 1903 ($50,000,000 authorize*. Issue) will be Issued from
time to time as required and may be made convertible Into com. stock at a
price to be fixed when the bonds are Issued, but not less than $41X per
•haze; they will cover all the com
The first $10,000 ;000 (series A)
Interest on bonds
Interest on collateral notes
Rentals of leased lines
Hire of equip't and joint facilities..
Interest on car trusts
Penn. Coal Co. sink, fund and mlsc..
Additions and Improvements
Balance, surplus
deficit
sur.
do
Owned
by Ail B A C’stCo
Carnegie Trust Co, N Y
Rank *>f Tbomasville Ga
Safe Dep. A Tr Co. Balt
1909-10.
1908-09.
1907-08.
89,714,161
793,988
$9,669,733
$9,662,561
520,327
980,646
983.587
1,562,300
1,179,051
733,164
779,373
381,927
598,852
643,388
737,087'
984,753
820,399
722,643
1,102,104
575.804
$5,069,456sr.*$2565717df.$2199,226
In addition to $1,199,646 Income from
dividends on stocks owned or
controlled, $945,000, was received from earnings of coal companies in
pay¬
ment of advances with interest.
The principal of this debt was credited
to capital account and the interest to
profit and loss.
OFFICERS.—Pres., F. D. Underwood; V.-P. and Gen. Solicitor, G. F.
Brownell; V.-P., G. A. Richardson; Sec., David Bosman; Treas., D. W.
Blgoney; Aud., C. P. Crawford, 50 Church St., New York.
DIRECTORS.—Chas. Steele. Ji J. Goodwin. John G.
McCullough;
Ogden Mills, F. D. Underwood. G. A. Richardson, Francis Lynde
Stetson,
Geo. F. Baker, Norman B. Ream, Charles A. Peabody, E. H.
Gary, Geo.
W. Perkins, R. S. LoVett, L. F. Loree. Wm. P. Hamilton.—(V.
89,
1410; V. 90, p. 303, 1362, 1425, 1613; V. 91, p. 393 945, 1020. 1039.) p.
EVANSVILLE A INDIANAPOLIS RR.—Owns Evansville to Terre
Haute. Tnd., (via Worthington) 134 m.; leases branch. 12 m. A consolida¬
tion to 1885.
Of the consols, $647,000 are held to meet 1st* due 1924.
The
consols and the bonds of 1924 are guarantee** by Evans. A
Terre Haute,
which owns capital stock, $2,000,000.
Company owns no equipment.
In 1906-07 (latestreturn), gross. $449,356; net,
$128,617; lnt., taxes, Ac..
$195,553; bal., deficit, for year, $66,936.—(V. 89, p. 103, 410.)
EVANSVILLE & TERRE HAUTE RR.—{See Maps St. Louis A S. F.)—
Road owned and operated.
Miles, j
Controlled and operated. Miles.
Evansville to Terre Haute..
109 j Evansville A Indianapolis, EvBranchee to Mt, Vernon, Ac
50 j
ansvitte to Terre Haute via
Evansville Belt (stock held)
5i
Worthington. ACT
.146
Total to earnings
sio
Leased to other companies Rockville extension
23
Cble. A East. Illinois owns $3,136,450 of thecom. stock. V.
81. p. 1242.
DIVS.—*94 ,95. *96. *97. *98. *99. *00. *01. *02-*05. *06 to *09. 1916.
Com__%
2
3
1H
None.
4 yearly
5
Pref-,%.
1
1.24X5
5
5 yearly
5 yearly
5
On preferred 5% declared. 2X% paid Oct. 15
1910and2X% April 15 *11.
BONDS, GUARANTIES, Ac.—Evansville A Indianapolis bonds are
guaranteed. See that company.
General mortgage 5s for $3,655,000 are
held to trust to retire the prior bonds and car trusts at
maturity.
EARNINGS.—12 mos:, f 1009-10--...Gross,
$2,471,175; net, $948,236
July 1 to June 30.
11908-09
Gross. 2,093,997; net, 772,032
REPORT.—For 1968-09 to V. 89. p. 1220. Results Include Ev. A Ind.
Year ending June 30—
1908-99.
1907-08.
Inc. or Dec,
Operating revenue$2,093,997 $2,204,069 —5110,072
Operating Income after taxes
661,891
710,068
—48.177
Total net income
777,874
991,160
—213,286
Interest and rentals
602,758
592,048
+ 10,710
Dividend on preferred (5%)
61,197
61,197
Dividend on common (4%)__
159,326
159,326
convertible on basis of $100 bonds
Series B bonds for $12,000,000 are convertible into common stock at
$60ner shareat any time since Oct. 1 1907 and before Oct. 1 1917. V. 76,
p. 882 541: V. 78, D. 768: V. 79. p. 2205; V. 84. p. 270.
TheErie A Jersey RR., with $600,000 auth. stock, completed in Jan. 1908
,
.
a
or
*
do
do
do
do
do
do
do
do
do
do
do
low-grade cut-off from Highland Mills, via Campbell Hall, to Gnymard,
N. Y., about 40mlle8.
In June 1907 $3,000,000 3-year Brie A Jersey 6%
by $4,000,000 E. A J. bonds (auth. Issue $10,000,80, p. 2621; V. 84, p. 693,1566; V. 87, p. 1160.
In June 1907 the Genesee River RR. wna authorized to make 3«.OOO,00n
mortgage covering road from Hunts to Cuba, N. Y.f 30miles, completed
July 1910. A loan of 32,000,000 due 1910 was obtained, secured by its bonds.
V.»84, p. 1386, 1488; V. 81, p. 777.
The issue of 510,500,000 of the 6%
3-year collateral gold notes authorized
In 1908 (of which 535.000 were later retired by the sale of part of the collat¬
eral) bad as collateral security In May 1909 tne following: 59.457,000 Erie
RR. Co. “gentarallien’* bonds (additional to the 535,855.000 shown above as
outstanding); 5985,000 Erie RR. Co. “convertible bonds. Series “B”;
3567,906 Mutual Terminal Co, of Buffalo first mtge. bonds; 5336.000 Erie
RR. Co. Pennsylvania collateral bonds: 51.338,063 Hocking Valley Ry.
Co. com. stock; 5145,700 Temple Iron Co. capital stock: $101,840 Lehigh
A Hudson River Ry. Co. capital stock; $5,000,000 Interest obligations
and coupons of Erie RR. system, purchased from holders during 1908-09.
In, May 1909 53,522,000 of the remainder of the aforesaid notes was sold
for-0*85 and arrangements made under which $1 J)27,000 further coupons
and Interest obligations maturing on or before July 1 1909 were
purchased
and. deposited thereunder, as well as 31.000,000 additional general lien
bonds which the company is entitled to Issue annually for additions and
betterments and 3409.000 car trust certificates. V. 86, p. 856, 917, 1466;
V. 87, p. 37; V. 89. p. 1085. 1086.
notes were sold, secured
000 1st 50-year 4s).
V.
*
__
__
....
.
Cor Trust Series, Gold (Denomination 51.000 each).
See V. 88, p. 882.
Date.
Interest.
Outstandiva.
Mature in Installments.
“H**
1905 4
JAD
1,000,000 Dec. *10-June *14 3100.000 s.-a.
“I**
1905 4
JAD
4,200,000 Dec. '10-June *16
350,000 8,-a.
“J**
1906 4
MAN
574.000 May»ll-Nov. *16
47,000 s.-a.
-1T* w
1907 4 H A AO
406.000 Feb. * ll-Feb. *17
29,000 s.-a.
“L**
1907 5
JAJ
To July 1917
1,498.000
107,000 s.-a
“IF*
1907 5
JAJ
406.000
To July 1917
29.000 s.-a.
“N**
1907 5
A AO 2.128.000 Apr
Lpr *ll-Oct. *17
152.000 s.-a.
“O**
1907 5
A AO
To Oct. 1917
700,000
50,000 s.-a.
“P**
5
To Aug. 1912
Q .-F.
233.419
Interest paid: “J** and “L** to New York; Series “H** at Girard Trust
Co., Philadelphia; Series “F* at Penn. Co. for Insurances on Lives, Ac.,
lelphla; Series “K” at National Bank of Commeice, New Yorift
“M” at Girard Trust Co., Phfiadelphla; Series “N" at First National
, New York;
Series “O” at Central Trust Co., New York.
Long Dock 6s. see March 1894 “Supplement,** under N. Y. L. E. A W.
—
Balance
def.545,407 sur. $178,589 —$223,998
Chairman Exec. Comm., B. F. Yoakum, N. Y.; Pres., B. L.
Wtochell:
VIee-Pres.,C. W. Hillard. N. Y.: Sec. A Treas., Gilbert S. Wright*
EvansvHie, Ind.—(V. 87. p. UfS, 1220; V. 91. p. 654.)
FITCHBURG RR.—System extends from Boston, Mass., to
Troy and
Rotterdam* N. Y., 251 miles: branches to Worcester, Bellows Falls,
Ac.,
207 m.; 458 m. In all. of which 59 m. (Fitchburg to
Greenfield) leased front
Vermont A Mass, and 5 m. other cos.; scoond traok 199 m.
V. 84, p. 1366*
LEASE.—Leased fbr 99 years from July 1 1900 to Boston A Maine for
5%
it ending June 30 1909 Mm
FINANCES.—During the year
company an¬
nounoed that various coupons (at
teggregating about 33,vOQrOOOi woul
be
purchased on presentation to J. P. Morgan A Co. In order to leave the with proceeds of Its 3% bonds at 90. the remainder
being to the treasury.
company funds for improvements and additions.
V. 70. p. 76. 126. 176, 583. 1281; V. 71 i p. 20. 543; V.
Coupons due July 1 1909,
72. p. 532.
'
to a total of 31,000,000 were also purchased (V. 88* p. 1620), and $3,BONDS. Ae.—Debentures, see V. 60, p. 967; V. 84, p. 158 270. On
522,000 of the remaining 54,500.000 of the 15 million note Issue of 1908
Jan. 12 1910 $550,000 pref. stock was sold.
The stockholders on Sept: 28
wassold, secured to part by these coupons. The improvement to the finan¬
1910 auth. $400,000 additional pref. stock for Improvements and
additions'
cial outlook has led the management to abandon, at least for the present,
This will Increase the* amount outstanding, when issued, to
$18,860,000.
the Issuance of any of the 550.000,000 bonds which were to be used to take
V. 91, p. 716; V. 89. pi. 778, 1542; V. 90, p. 109, 167.—(V.
91, p. 716, 870.)
,000 ooupons maturing
FITZGERALD OCILLA A BROXTON RR.—Owns Broxton to Ocllla.
: the five yean ending
Oa.. 25 miles, with branch to Fitzgerald. 5 m.: leases Ocltla to
coupons will be paid,
Irwtovtlle.
m.
V. 84, p: 155*;
not merely purchased.
V. 89. p. 1086; V. 87, p. 1245; V. 88, p. 504, 853,
which three-fourths,
882L, 1061, 1127.
Bergen Hill cut was opened June 12 1010; also cut-off
are owned by the Atlanta Bfirm. A Coast Co., the
from Hunts to Cuba, N. Y., 30 miles, to July 1910.
V. 90, p. 1613.
construction company of
the Atlanta Biro*. A Atlantic RR.
V.89r p. 41.
EARNINGS.—2 mos., (1910
Gross, 310,003,780; net, $3,185,724
In May 1909 *general protective committee for securities of the
A. B. A
July 1 to Aug. 31.
(1909.
Gross,
8,839,283; net, 2,404,095
Atl. requested deposits of both stock and bonds. V. 88,
p. 1196.
Year endtag June 39 1610, gross* 850,981; op. def.*
ANNUAL REPORT.—Fiscal year ends June 30.
22.209;
lnt
on
bonds.
Report for 1905-10 $7,980^ bak. def.,$10,249. Vi 85,
p. 408.
Pres, and Gen. Mgr., H. C.
given at length in V. 91, p. 1020, 1029; editorial, p. 1066.
MoFaddan; Sac. and Treas;, C. B. Gwyn.—(V. 88. p. 1190; V. 89,
*909-10.
p.
1906-09,
41.)
1907-08.
Miles operated
2,227
2,231
2,171
FLORIDAAY.—Perry
to Live Oak. Fla. 52 miles. with branches. 7 m.
Gross earnings
$54,866,190 $50,441,162 549,784,238
Authorized to build: frortt Tallahassee to
to Fei
Fernandtoa and Jaoksonvflto/ 224
Working expenses
39,100,331, 36,904*255 41,031,690 miles. Contracts were reported let to Marc
Oak to Jacksonville mid Fernandtoa, 104 miles.
Stock authorized, $4,Net earnings.
-.115,765^55 313^36,876 55.702,540 009 yearly ;A, L^ Brooks, trustee. In
Interest on securities...
April 19*6 made 3d M. for
V. 90, p* 1170. Tjoans and bllto payable June 80 1910, $54,626.$306,000.
—4
*5*M7,091/
31.537.451
$664,290
Rents* As., received-.
V. 83,
-1
806,9251
738,552
2.352.208 p. l1336?**^ year eadlngJuaeJ<f>016;_groM. $64,903;
vt
Uvu)
new
lnt., taxes;
Tots! not ton—
L. Philips.
Pres.,
J.
316,512,879 311.669,058 P; 1176*)
.
,
.
,
M
-
-
-
-
-
-
..
9
...
525555
f
$3^*205^
OOT., 1910. j
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
(1for abbreviations, Ac., M notes on first
page]
Florida East Coast—1st If f12.000.000 fold Ba.xo*r*
General Income M 5% non-com $25.000,000.....
Florida West Shore—See Seaboard Air Line.
Fonda Johnstown A Gloversville-—Cons M $500,000_c
First consol refunding mtge $700,000 gold.... N«c*
General refund mtge $1.500,000 (V 71 p $4)_.N.c*
Johnstown G A Kings boro first mortgage assumed.
Cayadutta Elec 1st Mguarp A1 byF J «Ggold1.0
First eons gen ref M $7,000.000
c red 120.
'
Miles
Road
810
1909
1909
26
26
26
4
14
75
1881
1897
1900
1893
1892
1902
188
183
Refunding mtge $e aw.ouu goto r
gold.
Fort Smith & Western—1st M $7.500,(
Port Wayne & Jackson—Preferred stocic o * % rents
Ft Worth & Denver City—Pref stock “stamp certs” 4
First mortgage gold $18,000 per mile
-Me.c1
Equip trust certs guar due $38,000 s-a redeem 101-.
do
do
Series B due $18,000 s-a redeem 101 (
Gainesville Midland—First M $1,000,000 g red at 111
Galveston HarrisbA San Antonio—1st M g land gr.c
c
Western Division first mortgage gold
Gatv Hous A Nor first mtge (owned by South Pac)
N Y Tex A Mex 1st If gold $ or £ guar by So P_ F.c1
do
do
not guaranteed..
do
New mortgage, 910,000,000 to be auth
Galveston Houston A fiend of 1888—First M.-Me.c1
Pine Creek 1st M gu p A1 end—
First A refund M ($10,000,000 auth)
mid
Ac
1,000
100
100
1,000
TT
-L.
^
1,000
1,000
1,000
1.000
74 1905
256 •71-80
671
1881
56
1900
91
1882
91
1882
1910
50
1883
£ or $
£ or $
1.000
1908
1809
1,000
1.000
1899
W •
1907
53
284
Text
98
-
^
—
—
—W
,
-r
T
1905
1,000
212,000
1907
1904
1896
500 Ac
4.756.000
1.732.000
1,000
1,000
CENTRAL RR.—Owns Thomasvllle, Ga., south through
Faniew, Fla., 47 miles; completed 1908. Controlled by
Stock, $50,000; par, $100.
Bonds of 1807 mature $40,000 yearly; A. L Brooks, trustee.
In Aprtl 1910 made 3d M. for $300,000.
V. 80. p. 1170.
Loans and bills payable. June 30 1810, $54,920. V. 85,
p. 1339.
For year ending June 30 1910, gross, $64,803; net, $34,205; tnt..
taxes, Ac., $43,769; def., $9,564.
Pres., J. L. Philips.—(V. 90, p. 1170.)
FLORIDA
FLORIDA EAST COAST RY.—(See Map.)—Jacksonville, Fla., via St.
Augustine to Knight’s Key. 477 m.; branches, 97 miles; total, 574 m. Com¬
pleted to Miami In 1895 and has since been in successful operation. Is
under construction from Knight’s Key southward to Key West, 45 miles,
and will be completed in 1910, forming the only connection to Southern
and Eastern Florida and thence to Cuba lor the Atlantic Coast Line, South¬
ern Ry. and Seaboard Air Line.
The proposed car ferry between Key
West and Cuba (90 miles) will permit rapid through service in place of
transshipment and a long ocean voyage.
Stock.—$5,000,000, of which $3,000,000 sold at par and $2,000,000 ad¬
required for construction during
Bonds, Ac.—The 1st M. 4 Ha ($12,000,000 auth., $10,000,000 sold In
June 1909—V. 88, p. 1620) ace a first lira on 619 miles at $16,150 a mile,
lnd., equipment; cost in cash reported as $59,774 per mile.
Followed by
$20,000,000 2nd mtge. income bonds and $5,000,000 stock.
Dlvldend'on Incomes, 3H%, paid Nov. 1 1910.
V. 91, p. 589.
EARNINGS.—12 raos.. (1909-10
Gross. $3,687,434; net. $1,481,621
July 1 to June 30.
\ 1908-09....Gross. 3,373,554; net, 1,210.337
Earnings for Fiscal Years ending June 30.
1909.
1908.
1907.
1906.
$3,687,434
$3,373,554
$3,008,346
$2,956.282
$2,471,152
Stated in 1910 to be earning 2.82 times fixed lnt. charges, some 60% of
its earnings being from freight.
Pres, and Gen. Mgr., J. R. Parrott.—
(V. 90, p. 1362; V. 91. p. 589.)
Gross
1910.
FONDA JOHNSTOWN & GLOVERSVILLE RR.—Owns Fonda to
Northville (steam). 25 47 m;; Gloversville to Schenectady (electric). 32.26
m.; Gloversville to Fonda (electric), 8.70 m.; Amsterdam to Hagatnan
(electric) ,3.84 m.; Belt line In Gloversville (electric),3.84 m.; second track
(deetrlc). 21.01 miles.
Operates under lease branch line Broadalbln Jet.
to Broadalbln.6.15 m. (steam); also local line Gloversville to Johnstown
(electric) ,4.08 m.; sidings and turnouts, 12.16 m.; total,96.52 miles of road
(117 53 miles of track), of which 96.87 on private right of way and 20 66
miles on street and highways.
Stock, com.. $2,500,000; pref., 6% cum..
$1,000,000, subject to call at 105. authorized Feb. 1909. of which $500,000
sold April 1909. V. 68, p. 883. Dividends on pref., 1 H% quarterly June
1909 to Sept. 1910 lnd. (Q.-M 15).• On common first div., 2%, paid July
20 1910.
Par of all stock, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electric Light A Power Co.
(V. 71, p. 1167.)
V. 78. p. 29. Also a twothirds Interest In stock and bonds of Adirondack Lakes Traction Co.. 4 miles.
BONDS.—Consol. 4J4s, $7,000,000 auth.;
$1,850,000 Is reserved to re¬
V. 76, p. 265. In July 1910 application was made to Is¬
sue $463,000 consols, for Improvements, making $5,150,000 outstanding.
V. 91, p. 336.
Guarantees $30,000 Glov. A Broadalbln 5s and $50,000
Johns. Glov. A K. Horse RR. 6s and $50,000 8% stock.
LATEST EARNINGS.—/1910
Gross, $193,149; net, $113,099
2 mos.. July 1 to Aug. 31.11909
Gross, 170,961; net,
101,412
tire prior liens.
REPORT.—For year ending June 30 1910, gross, $904,751; net, $483,229; other Inc., $24,086; charges, $390,041; pref. dlv. (6%), $30,000; com.
dlv. (2%), $50,000; bal.. surp., $37,174.—(V. 88, p. 1499; V. 91. p. 38, 870.)
FORT DODGE DES MOINES A SOUTHERN RR.—Owns or controls
road from Des Moines, la., to Fort Dodge and extensions to Rockwell City
and Newton, with 7-mlle branch to Ames and local lines in Fort Dodge and
Ames, all equipped for steam service, and the main line between Des Moines
and Fort Dodge, with branch to Ames, a total of 90 miles, also with electric
S>wer for passenger service. V. 85. p. 98,1209; V. 87, p. 1420; V. $8. p.101.
June 6 1910 President Homer Loring and Parley Sheldon of Ames, la.,
were appointed receivers.
V. 90, p. 1554.
STOCK.—Common stock authorized, $5,500,000; outstanding, $2,000,000; pref., 5% non-cum., $1,200,000, all Issued.
The bonds cover 3,218
acres coal lands.
V. 85, p. 98; V. 87, p. 1420.
Coupons are In default.
ending
June
30
Year
1909, gross, $342,672; net. $123,562.—(V. 87.
p. 1420; V. 89, p. 162; V. 90, p. 1554.)
n
FORT SMITH A WESTERN RR.—Operates Fort Smith, Ark., to Guth¬
rie, O. T., 216 miles, of which Coal Creek, I. T., to Guthrie, 196 m.. is
owned and Ft. Smith to Coal Creek, 20 m., Is Kansas City Southern track¬
age, to be replaced by company's own road.
Coal properties are developed
at McCurt&ln. I. T., 40 m. west of Fort Smith, producing an average of
20,000 tons per month. Owns 51% of the capital stock of the St.Louis El
Reno A West. Ry., Guthrie to El Reno, O. T., 42 m., oper. independently.
Stock, $5,000,000, an outstanding- par $loo.
Or tne 4» of 1904 i$7,oou,
000 auth.). $5,833,000 were Issued in exchange for $5,000,000 old 5s.
$400,000 are reserved to replace the $0 miles of trackage mentioned above,
$400,000 for equipment and the balance for other purposes. Equipment
trust notes outstanding June so 1908. $439,060.
V. 77. d. 88,
EARNINGS.—2 mos., (1910..
.Gross $110,438; net, $14,056
July 1 to Aug. 31.
11909
Gross, 107,501; net,
3,844
For year ending June 30 1910, gross, $663,085; net. $76,119.
In 1908-09,
gross. $$41,448; net, $20,370;
In 1907-08. gross. $647,957; net. $87,908;
other income, $72,991; lnt., taxes, Ac., $314,144; bal.. def., $152,245.
President, A. C. Dustin, Cleveland, O.—(V. 83, jp 271.)
FORT WAYNE A JACKSON RR.—Owns Jackson. Mich., to Fort Wayne,
On Aug. 24 1882 leased perpetually to Lake Shore A Michi¬
gan Southern at a rental of $126,027, equal to 8tf % on the pref. stock (see
V. 56, p. 812). and after 1887 any net earnings over 8% on pref. stock to be
paid on com., but not exceeding 2% a year. Com. stock, $436,132.
lnd.. 98 miles.
240,000
-p
timber lands to
J. L. Philips Co.
ditional subscribed for at par, is payable as
1911.
Controlled by Henry M. Flagler.
Last Dividend
and Maturity
-8
4*
A
g J
S*
1880
1,000
1009 1.000, Ac
SeeSe aboard Air Line Ry
85 1906
600.000
1,000
...
Payable
Dividends are
Payable
New York
Imp A Trad Nat Bk NY
New York Tnmt Co N Y
do
;
do
Metropolitan Tr Co N Y
Farmers L A Tr Co N <Y
New York Trust Co N Y
July "08 oeup last paid
In default
MereantUe Tr Co. =N Y
Farmers L A Tr Co N Y
Guaranty Trust Co N Y
naranty Trust
Savannah Ga
Owned by
Oo N s
Sou Pat Co
do
A Load
do
C
do
ac
do
Mercantile Trust Co N Y
_
75
F xc* Ai
Georgia & Fla—MUlen A South 1st M $800,(
Georgia A Florida mortgage $12,000,000 g
Georgia Florida A Alabama—First mortgage
Oeorgia Midland Ry—First M gold $1,850,0C
Georgia Pacific—See Southern Ry
1,000
100
•
1881
1906
1907
When
%
A O Apr 1 1921
A
J July 1 1947
4 g
J
A
J July 1 1950
800,000
6
J «A
J July 1 1913
50,000
A
A O Oct 1 1922
>6
350,000
See text
4H g M A N Nov 1 1952
'3
J
-J Jan 1 1082
.5
A
g
2,200,000
A
A
O Apr 1 1987
5 g
2,800,000
A
A O Apr 1 1954
8,240.000
4$
M
A
S Sept 1 1910 2 H
5H
2,291,416
2,539,992 4 In 1910 Yearly Feb 211910 «%
J
A D Dec 1 1921
8 g
8.178,000
5
A D Dec *10-June 14
J
312,000
A
5
A O Apr *11-Apr 17
247,000
MAN Nov 1 1935
6 f
661,000
F A A Feb 1 1910
8 g
4,756,000
5 g
MAN May 1 1931
13,418,000
5 g
A
J Jan 1 1930
J
800,000
4 g
A
A G Apr 1 1912
1 *465,000
A
A
O
Apr 1 1912
53,000
1940
See text
5
A
A
O ADr 1 1913
2,0<HJ ,000
Mch 1 1938
•
1.008.000
6
J
A
J 1949
800.000
A
A
O Apr 1 1929
500.000
5 g
Q—J
Oct 1 1910 H%
3H
2,325,000
4
5,000,000
Q—J - Oct 1 1910 1%
8
J
A D Dec 1 1982
3,500,000
4 g
MAN May 1 1959
See text
200,000
500,000
1,000
1,000
1,000
1.060
1,000
^
Georgia & Alabama—Georgia Carolina & NorthernConsolidated mortgage $3,580,000
H)0 Ac
98
454
Rato
A D June l 1959
4X g J
1,000, Ac 810,000.000
20.000.000 3 H% Pd Nov 1*10 1*59
1007
1907
Amount '
Outstanding
Par
Value
1904
16
Geneva Corning & Son—Common stock, guar
Preferred stock, guaranteed
....
Date
Bonds
S3
1,850,000
5
s
5
5
C
g
g
f
8 C
8$
MAS
J
A D
A
A O
MAN
J
A
J
A
A O
Mch 1 1946
Deo 1 1957
Knickerbocker Tr Co N Y
Grand Cent Sta, N T
do
do
Grand Central <Ma, W Y
do
do
F J Usman A Co N Y
do
do
Nat Bank N Y
Apr 11955
..„,.over
Nov 1 1957
KnickTrCo, NY A Balt
July 1 1954
Apr 1 1946
Mannattan Trust Co N
P Morgan A Co N
FORT WORTH A DENVER CITYRY.—(See Map Col. So.)—Ft.
Tex., to Texline. 454 miles. Owns securities of Ft. W. A
Y
Y
Worth.
Den. Term. Ry.
STOCK, Ac.—Colorado A South. Ry. June 30 1909 owned all but $32,322
Issued and stamped stock. V. 63, p. 1063,
Payments under stamped stock agreement of Oct. 12 1895: »$$$ At *98;
•99. 2%; 1902. 2%; April 1903. 1904, 1906 to 1910, 4% CSph,
BONDS.—Finances readjusted In 1896.
Plan V. 63, p. 75. Abstract
of mortgage. V. 45, p. 440.
Equipment trust certificates of 1906, V. 62,
p. 1101; of 1907. V. 64, p. 608.
Equip, trust 5% notes of 1909, due June 1,
1913, $78,000.
“Pullman” equip, leases, incl. lnt.. May $1:1910, $574,991.
of the $6,835,008£Oom.
The Fort Worth A Denver Terminal Ry. authorized an Issue of $2,500,000,
39-year 6%bonds dated Dec. 1 1907 (Mercantile Trust Co.. N, Y.. trustee)
subject to sail at 105, of which 9728,009 have bran issued, $300,000 sold and
$428,000 held by Ft. W. A D. C. Ry. V. 86,p.52, 1100,1589; V. 87. p.949.
EARNINGS.—12 mos., f 1909-10.Gross, $5,241*859; net, $2,128,481
July 1 to June 30.
U908-09...Gross, 4,954,966; net, 1,699,738
Pres., Geo. B. Harris.—(V. 82. p. 1156; V. 84. p.508.)
GAINESVILLE MIDLAND RY.—See page 166.
GALVESTON HARRISBURG A SAN ANTONIO RY.—{See Map South.
Pacific.)—Owns Galveston, via Houston, Tex., to east bank of Rio Grande
River. 833 miles; Beeville to Rosenberg, 147 miles; San Antonio to Port
.Lavaca, 136 miles; Magers to West Shore, Galveston Bay, 46 miles; Port
Lavaca, Stockdale to Cuero, 46 miles, completed July 1906; branches, 174
miles; trackage. 3 m.; total, 1.338 miles.
Southern Pacific Co. owns $27,056,600 of the $27,084,372 stock (par, $100).
A consolidation In 1905 with
the New York Texas A Mexican, Gulf Western Texas A Pacific, San An¬
tonio A Gulf. Galveston Houston A Northern and Gonzales Branch RR.
V. 79, p. 2642; V. 80. p. 1424; V. 81. p. 211. 668, 1242; V. 83. p. 1528.
BONDS.—The shareholders voted In May 1919 to make,a new mtge.
to secure an Issue of $10,000,000 30-year 6% bonds on the properties ac¬
quired in 1905 and the new line from Stockdale to Cuero, Tex.,r47 miles, a
part of the Issue to be reserved to retire the outstanding bonds thereon.
V. 90, p. 914. In June 1910 applied for permission to issue $5 384,000 of
the bonds.
V. 90, p. 1554.
Western Div. 2ds ($6,354,000) by agreement are treated as Income bonds;
V. 58. p. 719; V. 84, p. 803; V. 88. p. 1437.
Equipment bonds,
So. Pac.
$1,558,000 6s. owned by So. Pac.. V. 76. p. 1300: V. 77, p. 2160.
proprietary companies and sinking funds of latter also own $842,000
Matagorda Dlv. 1st M. 6s of the old New York Tex. A Mex. Ry., $2,224,000
Gulf West Tex. A Pac. 1st M. 5s. $800,000 Galv. Houst. A Nor. 1st M5s.
and $1,110,000 out of a total of $6,354,000 West. Dlv. M. A P. ext. 2d M. $8;
$1,000,000 G. H. A S. A. East. Dlv. 2d 6s (extended), due June 1 1935, are
also owned by So. Pac: or sinking funds of proprietary cos.
The $4,756,000
1st 68 due Feb. 1 1910 were purchased by the So. Pac. Co.
EARNINGS.—12 mos., (1909-10.-_Gross, $10,576,436; net, 63,042,208
July 1 to June 30.
11908-09
Gross,
9,999,970; net, 2*818,684
EARNINGS.—For year ending June 30 1909: Gross, $10,128,196; net,
incl. other Income, $2,913,787; charges, $2,441,742; bal., sur., $472,045.—
(V. 90, p. 372, 914, 1554; V. 6l, p. 38, 336 )
«
;
GALVESTON HOUSTON A HENDERSON RR. OF 1882.—Owns from
Galveston, Tex., to Houston, Tex., 50 miles.
ORGANIZATION.—The M. K. A T. and Internationa! A Great Northern
have had trackage rights since Dec. 1895 under a contract providing for pay¬
ment to mtge. trustee of $100,000 yearly to meet interest on G. H. A H.
bonds and an additional rental of $24,000 oer annum for dividends or other
Co.
V. 61, p. 1064; V. 63, p. 697. Divs., May 1904 to 1906, 4%
yearly; since to June 30 1909, none. M. K. A T. owns 4,999 shares of_stock
—see V. 61, p. 1013.
utm
Stock, $1,000,000; par, $100.
For year end. June 30 1909, net, Incl,
$144,443 contract Installments and track rentals and $8,448 miscellaneous,
$209,155; interest. $100,000; other charges, $45,495; tmprov’ts, $23,808;
bal., sur., $40,252.—(V. 65, p. 1114.)
purposes—see
^
GALVESTON TERMINAL RY.—Owns extensive terminals at GAlveston,
Tex., used by Trinity A Brazos Valley Ry., which owns practically all the
stock. V. 87, p. 950. Owns a large freight depot and warehouse and about 14
blocks along Galveston water-front. In Jan. 1910 about 27 mllea of main
Line and sidings had been completed. Stock auth., $25,000. Of the 1st 6s
($5,000,000 auth. Issue), $1,106,000, guar, jointly by the Ch. R. I. A P. and
Col. A So., were sold In Nov. ’08. V. $6, p. 1100,1589; V. 87. p. 1478. Pres.*
R. H. Baker; V.-P., John Sealy.—(V. 86. p. 1100, 1589; V. 87, p. 988.)
GARDEN CITY OULF A NORTHERN RR.—Owns from
Kans., to Scott City, 40 miles, completed Dec. 1909.
Garden City,
In Sept. 1910 con¬
tracts let for extension from Scott City north 55 miles and south from Gar¬
den City to Liberal, Kan., 70 miles.
Projected to extend from Plains,
Kansas, on the Chicago Rock Island A Pacific, northwesterly to St. Francis
the Chicago Burlington A Quincy, 250 miles.
Stock authorized, $5,000,000; present Issue, $600,000; par, $100.
The first 6s ($5,000,000 auth.
are
limited
Issue)
to $15,000 per mile; Commonwealth Trust Co., St. Louis,
V. 89, p. 918.
mtge. trustee.
Pres., B. M. McCue; V.-P. and Gen. Mgr.,
E. A. Tennis; Treas., Thos. Lynn, Garden City, Kan.—(V. 89, p. 918.)
GENESEE A WYOMING RR.—See page 185.
on
GENEVA CORNING A SOUTHERN.—Owns Geneva, N. Y.. to
Antrim,
Pa., 109 miles; branch to Ulysses, Pa., 40 miles; Stokesdale Jet., Pa., to
Newberry Jet., 75 m.; Penn Yann, N. Y., to Dresden, 8 m.; other branches,
1 m.; total. 232 miles.
A consolidation In Feb. 1909. V. 88. p. 1002. Stock,
oom.,
Cent.
$2,825,000; pref., 4% cum., $5,000,000; par, $100.
Leased to N. Y.
A Hud. Rtv. RR. from April 1 1900 for the term of Its corporate ex¬
istence, or any extensions thereof, the rental covering 4% dividends on the
pref .and 3 H % on the oom. stock.
V. 88. p. 822,1061; V. 89, p. 28$
Tke
N. Y. Cent. A Hud. Rtv. RR. owns $1,820,800 ofLthe $2,325.090 common
stock and the $5,000,000 first pref. stock.
V. 90, p. 54, 167.
r .
Pine Greek 8a are guaranteed bir Beading and N. Y. Central jointly and
severally. ' See form of guaranty* V. 6$, p. 850, The road is mortgaged tp
secure an authorized issue of $10,000,000 50-year 4 % bonds of the N. T. 0.
AH. R. RR; assumed by the Geneva Corning A Southern, to be used to
54
*2'-
War
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
abbreviation*, Ac., tee note* on first page]
Ueorgia Railroad & Banking Co—Stock
Bond* refundlns: not mortgage
currency
Bonds not mortgage $200,000 5s
Miles
Road
Date
Bond*
Par
Value
307
Bonds not mortgage cur...*
o*
Georgia Southern & Florida—First pref stock redeem
Second preferred s 084,000 5%
First mortgage gold $4,000,000
MeBa.c*
First consol mortgage $10,000,000
gold
N c*&r
Equipment trusts Ser A and R $37,000 due seml-ann
Equip trusts Ser C due $25,000 seml-ann
Eq.
Gettysburg & Harrisburg—South Mt first mortgage..
Gettysburg ft Harrisburg first mortgage old issue..
Consolidated mortgage $585,000 gold (see text)..
Gila Valley Globe ft Northern—See Arizona Eastern
Goshen ft Decker town—1st & 2d M ($60,000 are 2ds)
Gouveraeur & Oswegatchie—1st M gold gu p ft l.Un.c
Grand Rapids ft Indiana Ry—Stock $6.000.000
First M mostly land grant gold extended In 1899.c*
First M extended gold guaranteed
by Penn RR..c*
Second mortgage $5,000,000 gold
c*
$100
1,000
1,000
1897
c*
*82-87
1907
......
1,000
100
100
MMMM
•
-
-
285
392
MM
_
_
•
•
-
_
•
...
1895
1902
02 06
1910
1877
1882
1891
12
13
88-89
1892
DO
.
335
335
387
8rand
ft Northw—1st
RapidsPac—First
gold-.GP
rand Trunk
M £ M $5,000,000
Can Gov (text)
.cftr
-M-M
35
MMMM
guar
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 ftc
1,000
100
1891
1891
1896
1908
1905
_
i.755
Prairie Section M (Ser A)
£2,100,000Iguar p and 1
916 1905
Mountain Sec M (Ser B) £2,050.000) by Grand
839 1905
Lake Superior Dlv 1st M
Trunk
$1,650,000]
188 1905
Debenture stock $25,000,000 red at 105 after 1936
Loan, $10,000,000, secured by M on Prairie section
1909
Gr Trk Pac branch lines 1st M guar, see text
c*
1909
Grand Trunk Ry—Consolidated stock £23,318,309—
1882
4% guaranteed stock non-cumulatlve £12.500,000.
1884
First preference 5% stock £3,420,000
73-74
Second preference stock £2,530.000
73-74
Third preference 4% stock £7,168,055
1
1
Debenture stock £4,270,575
Consolidated debenture stock (collateral trust) cum)| 3,512 11874
11874
Second equip mtge (subject to first mtg in trust)
.c]
J1869
Great Western perpetual debenture stock
c 836 H
Var
Northern Ry third preference A ft B bonds
cl 490 H J1868
Debenture stock 4% perpetual £425,850
j
11884
1,000
1,000
1,000
1,000
£100 ftc
£100 ftc
£100 ftc
MM*
MM M
MM.
retire outstanding Indebtedness and bonds for
Improvements. In July
1909 $3,744,000 bonds were authorized to be
Issued for Improvements and
retirement of $600,000 Syracuse Geneva ft
Corning second mtge. bonds.
V. 88, p. 1127, 1313; V. 89.
p. 162.—(V. 89. p. 286; V. 90, p. 167.)
MGEORGIA COAST ft PIEDMONT RR.—Extends from Darien to
Collins.
Ga.. 85 miles; completed In July 1906. Stock,
$1,000,000. The con¬
solidated 40-year 6s (limited to
$3,500,000)
are Issuable at $10,000 per
mile and $2,000 per mile additional for
equipment when the property has
earned 50% in excess of interest
charges; $200,000 may be used to acquire
terminals, sufficient of the Issue being also reserved
to retire the 1st 5s.
V. 82, p. 804.
In Oct. 1907 the company was authorized to
Issue $2,570,000
oonsols for various purposes.
Including $1,000,000 to retire the first 5s.
V. 65, p. 114$.
There are also $175,000 10-year 6% Income
debentures due
1918, int. payable Sept, yearly If earned.
June 30 1910, gross,
$84,640; net. $13,388. In 1908-09, gross, Year.ending
$68,350; net. $6,665. In 190708, gross, $65,023; net, $1,512: charges,
$34,684; bal., def., $33,172. Pres.,
F J. Usman.—(V. 88,
p. 624.)
GEORGIA FLORIDA ft ALABAMA RY.—Owns
Richland. Ga.. to
Tallahassee. Fla., 133 miles. Including 26 miles opened
September 1909;
Tallahassee to Carrabelle, on the Gull of
Mexico, 51 miles; branch. Ha¬
vana, Fla., to Quincy, 12 miles;
total. 196 miles. Also
steamer line from Carrabelle to
Appalachicola, Fla. Stock,
operates
$350,000;
1909practically
Juneand
PresidentallWilliams,
It was reported, purchased
e minority stock
of the outstanding bonds.
V. 88,
see stockholders
table above.on Nov.
Loans13and bills payable June 30
908, $248,988. The
Bx, $100. In
?. 1437. Bonds,
1906 authorized $1,225,000
5% non-cum. pref. stock on 168 H
nule for additional mileage; no new miles, then operated, with $8,000 per
stock had been Issued to Oct. 1908.
For year ending June 30 1910,
gross. $417,756; net, $77,225.
In 1908-09,
gross, $401,761; net, $63,277.
For year
763; net, $39,571; int. and taxes. $97,937;ending June 30 1908, gross, $471,balance,
deficit.
$58,366.
J. P. Williams; Sec. and
Pres.,
Treas., J. L. Nlsbet. Office, Savannah, Ga.—
(V. 88, p. 1437.)
S3GEORGIA ft FLORIDA RY.—Ownsjfrom Madison, Fla. (40
miles from
Gulf of Mexico), to Keysvllle, Ga., 224
miles; trackage, Keysville to Au¬
gusta, Ga., 26 m.; branches, about 60 m.;
total, 310 miles.**-A consolidation
Aug. 1907 of Douglas Augusta ft Gulf, Millen ft Southwestern
and other
roads, acquired by syndicate organized by
Mlddendorf, Williams ft Co. and
Internal. Tr. Co. of Maryland and John L. Williams
ft Sons, Richmond, Va.
V. 82, p. 1211: V. 85, p. 345; V.
87, p. 480,
1533; V. 88, p. 681. Cap¬
italization to be: Common stock, $15,000, 936,
and non-cumulatlve preferred,
$10,000
u
per mile.
Outstanding Mch. 1910, com., $4,538,600; pref., $2,996,300. After 4% on pref., com. is to be entitled
to 4%, then pref. to
2% additional, then common to all other
Bonds to be limited to
$12,000,000 at $20,000 per mile, of whichearnings.
$5,000,000
underwritten in July
1907.
V. 85, p. 221, 530.
Car trusts June 30
$208,273.
MReport for year ending June 30 1909 In V. 90,1910,
p.
842.
In 1909-10 (273
aver, miles), gross, $521,239; net
Income, $132,449; charges, $43,444; bal.,
sur., $89,005.
Pres., John Skelton Williams; Sec., C. T. Williams;
Treas.,
Rutherford Fleet.—(V. 90, p. 842.)
GEORGIA MIDLAND RY.—See page 165.
GEORGIA RR. ft BANKING CO.—Owns from Augusta, Ga., to Atlanta,
Ga., 171 m.; branches to Washington and
RR. (proprietary road), Camak, Ga., to Athens, 58 m.; Macon ft Augusta
Macon, Ga., 74 m.; trackage, 4 m.;
total, 307 m. Owns 50% stock of Western
Ry. of Ala. (the Central of Ga
Ry. owning the other half); also a 47% Interest
In
ft West Point.
Lease.—In 1881 roads leased for 99 years to W. Atl.
M. Wadley et al for the
Cent, of Ga. and the Lou. ft Nash., at
$600,000 per year, but In Aorll 1899
the Loulsv. ft Nash, was held to have
acquired all rights under the lease;
Atlantic Coast Co. July 1899
half Interest. V. 68. p. 722; V. 69,
acquired
p. 385, 591; V. 70, p. 125.
Tax decisions, V. 85, p. 160.1339: V.
86. p. 981
V. 90, p. 559. In Aug. 1908 sold
to refund the 6s due Jan. 1 1910. $1,000,000 40-year 4% debenture bonds
V. 87, p. 226, 285.
Owns a majority
($198,200) of stock of “Georgia Railroad Bank.*'
DIVID’DS.— 11881.
1882.
1883 to 1887.
1888.
1889 to Oct 1910.
Since 1880.9 J4
10)4
10 yearly
10W
11 yearly
Dividend rate u expected to be increased from 11 to 12%
early in 1912.
V. 90. p. 1362.
„
__
Y EARNINGS (307 miles)—/1910
July 1 to Aug. 31, 2 mos. (1909
Gross, $459,215; net, $59,813
Gross,
429,274; net,
71,812
Railroad earnings for year ending June 30
1910, gross, $3,010,957; net,
$894,683; other lnoome, $137,639; rental to Ga. RR.
ft R. Co., $600,000;
Int., rentals, back taxes and betterments, $301,470;
bal., sur., $130,852.—
(V. 90. p. 559, 1362.)
^GEORGIA SOUTHERN ft FLORIDA RY —{See Map of Southern Ry.)Owns from Macon. Ga., to
Palatka, Fla., 285 miles; on Nov. 1 1902 pur¬
chased Atl. V. ft W. Ry., Valdosta. Ga., to
Jacksonville, Fla., 107 miles;
trackage into Jacksonville, 3 m.; total, 395 miles.
V. 60, p. 928; V. 79, p.551.
Also owns one-eighth of stock of
Jacksonville
Terminal Co. V. 77, p. 626.
in 1903 the stock of the
Hawklnsvllle ft Florida Southern Ry., Worth
to Hawklnsvllle, Ga., 44
m., was purchased, $310,000 1st mtge.
5% bonds
being guaranteed, Drln. and int. V. 79, p. 2585.
DIVIDENDS.—On 1st pref., *96, 4%; *97 to Nov 1910,
5% yearly. On
2d pref.. In *97. 2%; *98, 3%: *99.
3%; 1900 to May 1906, 4% yearly; Nov
1906, 2H%; 1907 to Nov 1910, 5%
yearly. Common stock Is
$2,000,000.
BONDS.—First mtge. of 1895 (Abstract, V. 61,
p. 429) provides that the
684.000 Is* pref. stock shall be a Hen
second only to the bonds and
coupons.
The 1st 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 5s and
$684,000 1st
pref. stock., and $3,316,000 are reserved for
future needs.
V. 75, p. 980.
LATEST EARNINGS.—f 1910
Gross, $383,781; net, $83,009
2 mos., July 1 to
Aug. 31.11909-
Gross, 340,227; net, 83,296
Report for 1909-10 In “ChronlGross, $2,322,158; oper. inc $425,166; other
$332,029; dlv. on stock, $88,400. In 190809, gross,.$1.996,937. b0?^8
^.Pres.nW.jW. Finley, N.iY.—(V.|90, p. 848.) ^
.
Fiscal year ends June 30.
g® Oot* 29 or Nov., showed:
,
1,000,000
500,000
When
Payable
5
Q—J
250,000
215,000
6
5
J
J
J
M
M
J
J
M
M
A
A
A
246,500
300,000
6
5 g
J
5 ft 6
4
684,000 5 In 1910
1.084.000 5 In 1910
3,838.000
5 g
2,000,000
4 g
148.000
4 H i
475,000
4 H g
100.000
5
1,000,000
4.455.000
4,500.000
£2,100,000
£1.354.000
£1.550.000
See text.
See text.
4H g J
4 g
5 g
A
F
or
£ J
A
A
A
4
4
4
4
4
4
ft
J
J
J
N
N
J
J
S
s
o
o
o
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
Various
5.791,700 See text. A
920,000
3H g J
£4.000.000
£100 ftc
£100
£100
£100
£100
£100
£100
£100
£100
£100
Rate
%
$4,200,000 See text.
740,000
£100 ftc £7.200.000 3 $
••M
MMM
Amount
Outstanding
[VOL.
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
D
O
J
J
O
A
J
O
O
O
u
S
Seml-an
Last Dividend
and Maturity
LXXXXI.
Place* Where Interest and
Dividend* are Payable
Oct 15 1910 2 H Augusta Ga
Jan
Jan
1 1922
1 1922
1 1947
Jan
Nov 2 1910 2H
Nov 2 1910 2 M
July 1 1945
July 1 1952
Men *11-Sep *12
To Mch 15 1920
Apr 11898
Oct
Oct
1 1912
1 1926
1928-1929
June 11942
Apr 25 1910 lfe
July 1 1941
July 1 1941
Oct 1 1936
Feb
1 1958
Jan 1 1962
Apr 11955
Apr 1 1955
Apr 1 1955
Perpetual
Am Ex Nat Bk, or Aug
do
do
Am Exch Nat Bk. N T
M T ft D Co Balt; ftNY
do
do
do
do
do
do
Blair ft Co New York
Equitable Trust Co, N Y
Reading Terminal, Phlla
do
do
do
do
N Bk Or Co Goshen N Y
Grand Cent Station N Y
Office Grand Rap, Mich
Winslow,LanierftCo N Y
do
do
Philadelphia Pa
Philadelphia ft Chicago
Bank of Mont, Lon ft NY
ICo’s Office London or
) Bank of Montreal
New York
9 N Broad St London E C
1919
M ft N 1939
N Y, Montreal ft London
£22.475.985
None ever pale
£9,840.010 4 In 1910 Seml-an Nov 8 *10 2%
Check from Co*s Office
£3.420.000 5 for *09 Seml-an Nov 8 *10 2 H %
do
do
£2,530,000 5 for *09 Seml-an Nov 8*10
do
2H%
do
£7,168,055 See text Yearly Apr 24*08 3%
do
do
£4,270.375
5
J ft J 14 Irredeemable
£16.221.571
4
Q—J
Irredeemable
£373.000
6
J
ft
J July 1 1919
£2,723,080
5
F
ft
A Irredeemable
tGlyn, Mills, Currie ft
6
£14,600
A
ft
O Irredeemable
I
Co. London
4
£325,715
F
ft
A Irredeemable
GEORGIA SOUTHWESTERN ft GULF RR.—Projected to extend
from
Albany, Ga., southwest to St. Andrews Bay.,
Fla., on the Gulf of Mexico
with branch to Dawson. Ga.
In Feb. 1910 acquired control of the
Albany
ft Northern Ry., extending from
Albany northeast to Cordele, 37 miles.
V. 90. p. 109, 502.
Stock authorized, $4,000,000.
In Nov. 1908 filed a
$4,000,000 mtge. to Carnegie Trust Cck of New York to
secure 5% bonds
Issuable at $20,000 per mile. Frau W. M.
534 Washington Ave.,
Legg, 5
Macon, Ga.; Sec. and Treas., H. J. Bruton.—(V. 90,
p. 167, 502.)
GETTYSBURG ft HARRISBURG RY.—Carlisle to Gettysburg. Pa.. 31
m .; branch to Round
Top. Pa 3 m.
The Reading Co. owns $545,300 of
the $600,000 capital stock; $535,000
deposited under Its gen. mtge. of 1896.
The consol. 5s of 1891 were guar,
by Phlla. ft Reading RR. (foreclosed)
GILA VALLEY GLOBE & NORTHERN RY.with Arizona Eastern RR., incorporated Feb. 1 -Consolidated Feb. 1 1910
1910.—(V. 90. p. 447.)
GOUVERNEUR ft OSWEGATCHIE RR.—Owns from Gouveraeur to
,
Edwards. 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 ft INDIANA RY.—(See Map* of Pennsylvania
RR.)—
Owns from Fort Wayne, Ind., to Mackinaw
City, 367 m.; branches. 69 m.,
total owned, 436 miles; operates the
following
roads,
but has not assumed
the old company’s leases thereof: Cln. Richmond ft
Ft. Wayne RR., 86 m.;
Traverse City RR. (nearly all the stock and all the Income
bonds owned),
26 m.; Muskegon Grand Rapids ft Indiana
RR.. 37 m.. Traverse City
Leelanau ft Manlsttque RR., Traverse
City to Northport, Mich., 30.miles
(Incl. 6 m. trackage), see V. 74, p. 77 7; V. 76,
p.
811; V. 82.
p.
988,1098.
HISTORY.—Successor Aug. 1 1896 of Grand
foreclosed under second mtge., per plan In V. Rapids ft Indiana Railroad.
63, p 153.
STOCK.—Stock. $6,000,000, of which Pennsylvania Interests are
sup
posed to own all or nearly all. Penn. Co. on Jan. 11910 owned
$2,902,600.
DIVIDENDS.—1900, 1%; 1901, 2%; 1902 to Apr. 1910, 3% (yearly)
Oct. 1910, none.
See “Chronicle”
Oct. 29.
BONDS.—The 1st mtge. bonds extended at 4H% are endorsed
with the
guaranty of the Penn. RR. Co. to purchase the
coupons as they mature, and
the bond Itself at maturity.
See guar.. V. 56. p. 649; V. 69. p. 1193. Of
the 2nds, $888,000, were owned Jan. 1 1910
by Pennsylvania RR. and
$2,987,000 by the Penn. Company.
REPORT.—Report for 1909 In V. 90, p. 1166. In 1909 carried 2,974,363
tons of freight, of which 37% was
lumber, Ac., and 22% coal and coke.
Year ending Dec. 31—
1909.
1908.
1907.
1906.
Miles operated
433
436
426
424
Gross Income
$3,918,371 $3,498,148 $4,149,694 $3,900,605
Net over expenses and taxes.
827,739
727,751
801,299
782.094
Interest and other charges. &c.,
$560,363: Improvements.
(3%), $173,730; bal., sur., $52,745.-(V 90. p. 1044, 1166.)$40,901; dlvs.,
GRAND RAPIDS & NORTHWESTERN RR.—See
page 166.
GRAND TRUNK PACIFIC RY.—(See Map.)—This new trans-conti¬
nental railway across Canada has received the
approval of the Canadian
Government and will be carried through with the
joint financial support
of the Government and the Grand Trunk
Ry. Co. of Canada.
It will
consist of a main line of an estimated
length of about 3,550 miles, from
Moncton. New Brunswick, to Prince Rupert, B. C.,
on the Pacific Ocean,
about 30 miles south of the southern
boundary of Alaska, with branch 188
miles, viz.:
\. Leased Line, to be BuiU by Canadian Government—
Mile*.
Eastern Dlv., Moncton, N. B., via
Quebec to Winnipeg, about
1,800
(To be leased for 50 years to Grand Trunk Pac.
Ry.
Co.—for
first
7 years at cost of
operating
only and for remaining 43 years at
3% on cost of construction) (but see V. 80, p 997).
2. Western Division, Built and Owned
by Company—
a. Prairie Section.
Winnipeg to Rocky Mountains, about
916
b. Mountain Division, Rocky
Mountains to Pacific Ocean, about.. 639
3. Lake Superior Branch. BuiU and Owned
by Company—
Thunder Bay on Lake Superior to junction with
Eastern Division,
east of Winnipeg (completed In November
1908.)
188
Of the Prairie Section, Winnipeg to
Edmonton. 793 miles was completed
July 1909; from Lake Superior Jet. to Winnipeg, 245
miles, was opened
Sept. 1910; Edmonton west to Wolf Creek, 123
was completed Sept.
1909.
On mountain section, from Wolf Creekmiles,
to Edson, was completed
Sept. 1910, making with Lake Superior branch 1,356 miles
of continuous
line In operation; 100 miles east from
Prince Rupert was completed early
In 1909 and contracts let for 314 miles
additional. Contracts have been let
on all other portions of the road to be
built by the Government. V. 84,
JP-1052; V. 86, p. 794, 1100; V. 87, p. 677, 873; V. 89. p. 224, 1217. Leases
Winnipeg terminals. V. 89, p. 666.
ORGANIZATION.—Incorporated by Canadian Legislature In 1903. See
full statement In V. 80. p. 996; V. 81,
p. 1315.
As to Grand Trunk Pacific
Branch Lines Co., see V. 90. p. 1044 (also
bonds below); V. 82. pt 333; V.
86, p. 1100; V. 88. p. 295, 822, 1372, 1437. New
lines, V. 89, p.1482,
1562.
STOCK.—Authorized, $45,000,000 (par of shares, $100 each), of which
the $25,000,000 common Is owned by
the Grand Trunk Ry.
BONDS.—The Canadian Government agreed to
guarantee 3% 1st mtge.
bonds for an amount up to 75% of the oost of
construction of
division, such amount (a) In the case of the Prairie Section the Western
not to exoeed
$13,000 per mile, or £3,210,000 In all, and (6)
three-quarters of total oost
per mile from the mountains to Pacific Coast,
called Mountain Section.
Total Issue limited to £14,000,000;
Royal Trust Co., Canada, trustee. In
July 1910 £5,200,000 had been sold and £2,000,000 was
offered In London
at 82 H. payable 5% on application, 17
X% July 26 and 20% each Aug. 26,
y 26.
V. 80, p.996,1234,
II, p. 214, 276.
limited to £2,100,000, and
Series “B** (Mountain Sec.) 4% bonds, not to
exoeed £2,050,000, are secured
by a 2d mtge. (National Trust Co.. Toronto, trustee) on the
equipment and tolls of the oo., Including Its leasehold Interest In the railway,
Eastern
Division, but not branch lines exceeding 6 miles In
length, ships, grants of
_
-Oot^ 1910.]
RAILWAY STOCKS AND BONDS.
65
RAILWY
STOCKS
AND
BONDS.
[Yol.
i^oti
58
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Grand Trank Railway—(Concluded)
Pontiac Oxford A Nor—lot M $400,000
Miles
Road
Me.o*
Midland of Canada cons 1st M £5,154,700
c
New England Elev 1st M g gu due $10,000 yearly..
Montreal Warehousing 1st M $1,000,000 gold guar.
^.S.Ws’MSTnt
2dM Income
.old * (cur) * S....F
gold, called for payment Deo 1 lOlO.Ta
tru&r
Great Northern—Stock $210,000,000
St P M 5b M consol mtgel (now 1st M) gold—Cef
for $50,000,000
J (V 01 p 518) sink
Date
Bonds
Par
Amount
Value
Rate
When
Outstanding
%
Payable
100
1896
1,000
455
1882
1901
1906
1,000
$ or fi
1900
1900
£100
500
...
—
326.5
326.5
-
£10<
100
....
_
fund.j
2,549 1883
2,549 <1883
2.54<
Montana Ext 1st M ($25,000 p m) gold
Ce.c*ftr
Pacific Extension M £6,000,000 gold.—Ce c*ftr
OB A Q ool tr M g (sub to call at 105)
Sc* Ar*
do
do
do
registered
re
Minn Un By first mtge gold assumed
Ce.c*
do
do
do
do
E of Minn No DIvM $9,700,000 g assu red -JHe.c*ftr
Mont Cent 1st M g ($6,000,000 are 6s) assum. Ce.c &r
Wlllmar & Sioux Falls 1st M g assum tend) -Ce.c* &r
Mlnneap West M g assum (V 60 p 885)
——c*
Spokane Falls 6s North first mtge gold assum.Ma.c*
Gt North Ry of Can—See Canadian North Quebec By
Green Bay & Western RR—Stock (see text)
Debentures Class A Incomes text non-cum
c*
Class B Incomes after 5% on stock non-cum. .c*
Greene RR (New York)—Stock
Greenwich & Johnsonville—1st M $500,000 g..S.c6sr
Guay ft 0*—Prior lien M gold, red 105 s f
1st M originally $12,282,000 gold guar (text) ..Usm
Gulf Beaumont ft K C—See Atchison Topeka 6s Santa R>»
Gulf B 6s Gt Nor gold p 6s 1 guar end (text)-.-AB.c
Gulf Line—First mortgage $825,000 gold
420
818
...
3
s
285
260
433
2
132
1,000
1,000
1,000
1,000
£100 Ac
1887
1890
1901
1901
1882
1882
1898
1887
1888
$1,000Ac
1,000 Ac
1,000
1,000
1,000 Ac
1,000 Ac
1,000
1,000
1,000
1891
1889
100
....
...
...
1896
1896
...
....
21
1904
....
1908
1,000
1,000
100
1,000
1,000
1,000
1899
77
—
[Vox..
1900
1907
1,000
$400,000
£1.016,500
310.000
$1,000,000
6 g
J
5
J
3H g J
4
A
Last Dividend
and Maturity
LXXXXI
Places Where Interest and
Dividends are Payable
J
J
J
O
July 1 1916
July 1911-1041
Apr 1 1936
UnSD&TrCo.Portl’d, Me
15,000.000
4 g
J
ft
J
1,500,000 Up to4%
July
209.970.250 7 In 1910 Q—F
6 g
13.344,000
J
ft
J
21,220.000
ft
J
4X g J
8,704,000
4 g
J
ft
J
al0,185,000
4 g
J
ft D
£6.000.000
4 g
J
ft
J
\ 107613500 J
4 g
J
ft
J
J
4 g
1
Q—J
6 g
2.150.000
J
ft
J
650.000
5 g
J
ft
J
d9.700.000
4 g
A
ft
O
10.000.000 5 ft 6 g J
ft
J
5 g
3,625.000
J
ft D
500.000
5 g
J
ft
J
6
229.000
J
ft
J
July 1 1950
Rank Montreal.NY 6s Lon
2,500.000 5 Feb *10
600.000 5 Feb *10
7,000,000 J4 Feb’lo
6
200.000
4 g
400.000
2,479,000
6 g
5
10,808,000
1
132.000
See text
5 g
$ g
ft
ft
ft
ft
Feb
Feb
Feb
J
ft D
J
ft
J
J
A
J
J
ft
J
Jan
1 1012
Mercantile Trust Co, N Y
Montreal
or
London
Deo 1 1910
Bank of Montreal. N Y
Nov 1 1910,1H Bank of Montreal, N Y
82 Nassau St New York
July 1 1033
do
July 1 1933
do
do
July 1 1933
do
June 11937
do
do
N
Y
6s Lond, Baring Bros
July 1 1940
J. P. Morgan 6s Co., N.Y.
July 1 1921
July 1 1921
do
do
82 Nassau St New York
July 1 1922
do
July 1 1922
do
1928-1948
32 Nassau NY;Lee,H,Bos
32
Nassau St New York
July 1 1937
June 1 1938
do
do
N Y 6s Lon, Baring Bros
July 1 1911
July 1 1039
Chase National Bank NY
Feb 7 1910 5% Office 40 Wall Street N Y
do
do
do
do
June 2019103% D L 6s W 90 West St
Jan 1 1924
Standard Trust Co N Y
Jan 2 1030
New York and London
Jan 2 1932
See text
Feb 7 1910 5*
Feb 7 1910
J
ft
J July 1 1930
MAS Sept 1937
5 Nassau Street New Yk
$11,502,000 additional pledged for Pacific Extens ion bo nds
d Subject to call at 105 after April 1928. jt ;jS
a
lands (other than for railway purposes) and the rolling
stock of the East.Dlv.
or of the above-mentioned branch lines of over 6 miles
These bonds are
unconditionally guaranteed as to prln. and lnt. by the Grand Trunk By. Co.
See form In V. 80. p. 996; also see V. 80,
p. 996; V. 86. p. 704; V. 90, p. 1165.
Although the mortgage to secure the 3% bonds guaranteed by the Govern¬
ment ranks before the mtges.
seeming A and B bonds guaranteed by the
Grand Trunk Ry. of Canada, yet an agreement schedule to an Act of 1904
provides In effect that in the event of default by the company for 5 years In
payment of the lnt. on the 3% bonds, the remedy of the Government, shall
be to put In a manager with the concurrence of the
company to operate the
Western Division and to collect and distribute net
earnings of each particu¬
lar division pari passu between the holders of the bonds
guar, by the Gov’t
and th* holders of the bonds guar, by the Grand Trunk Ry. Co. In the pro¬
portion of 75% of such earnings to the holders of the Gov’t bonds and 25%
to the holders of the bonds of this division
guar, by the Grand Tr’k Ry. Co.
In May 1909 the Dominion Government
agreed to loan not exceeding
$10,009,000, repayable La 10 years or at any time on 6 months’ notice,
1909.
Deduct—
1908.
Rentals
£155,206
£ 155.206
lnt. on bds. * deb. stock
1,082,974
1.067,127
Adv. to controlled roads
72,154
155,704
Dividends on guar, stock (4)393,600
(4)382,463
Do
1st pref. stock (5)170,841
(5)170,841
Do
2d pref. stock (5)126,420 (2H)63,210
Do
3d pref. stock
_
—.
Balance
_
_
BONDS.—The Grand Trunk unconditionally guarantees the Interest on
the 1st 4s, of which the last $563,000 were Issued to retire the Northw.
Gr.
Trunk 6s on Jan. 1 1910.
The incomes have been called for payment on
Deo. 1 1010 at 85 and any lnt. then due.
V. 90, p. 1239.
Int. on Incomes,
1%, paid on July coupons In 1902 to 1905, lncl.; 4% In 1906 to 1910.
V. 83,
p. 687.
Jointly with Toledo St. Louis * Western guarantees Detroit *
Toledo Shore Line bonds.
V. 76, p. 653; V. 89, p 1411.
EARNINGS.—12 mos., (1909-10
Gross, $6,232,362; net, $1,850,469
July 1 to June 30.
\ 1908-09
Gross, 5,561,716; net. 1,798,430
Year ending June 30 1909. gross. $5,661,717; net,
$1,786,057; other In*
come. $305,422; charges, $2,040,667: 4% on Incomes, $60,000;
deficit, $9.188.—(V. 89, p. 1141, 1410; V. 90, p. 1239; V. 91, p. 1095.)
GREAT NORTHERN RY.—(See Maps.)—Operates a line from St. Paul
Minn., via Spokane, Wash., to Lowell, Wash., on the Pacific coast, with
coast
line to Seattle, and numerous branches in Minnesota,
Nebraska, North
and South Dakota, Montana. Washington, Manitoba and British
Columbia,
conditions (see V. 84, p. 570), to be Issued as pernetual deb.
stock; of this, £3,000.000 was sold In 1907 to 1909 and
£1,000,000 was.offered in Jan. 1910 at £92 H.
V. 88, p. 624; V. 90, p. 303. a
aggregating. June $0 1910, 7,247 miles.
Lines owned in fee.
Miles.
Lines owned in fee.
Miles.
St. Paul., Minn., to Lowell.
Duluth, Minn., to Laramie. No.
Wash
Dak
-1,790
$25
Seattle to Vancouver
156 St. Paul,Minn., to Grand Forks
Wlllmar, Minn., to Yankton,
No. Dak
324
So. Dak
205 Various branches
3,442
Garretaon, So. Dak., to Sioux
Trackage .....
246
City, la., and O’Nelli, Neb— 208
Spokane, Wash., to Nelson,B.O 200
Total June 30 1910
7,247
Pacific Jet., Mont., to Butte-- 351 2d Ac.. tracks * sidings
2,177
The Spokane Portland ft Seattle Ry., 420 mtlee. was completed
May 1909.
V. 85, p. 1273; V. 86, p. 1529.
In the fiscal year 1909-10 about 150 miles
were completed, a 52-mlle branch was nearing
completion June 30 1910 and
several extensions were in progress, including one from Fargo, N.
—Pres*. Charles M. Hays, Montreal, Can.; Sec., Henry
Philips; Treas., Frank Scott.—(V. 91, p. 214, 276. 463, 518.)
aft
GRAND TRUNK RY. OF CANADA.—(See Map.)—Quebec. Can., via
«.
; also to
SYSTEM PROPER.
__
Lines
...
Portland, Buffalo, Detroit. Toledo. &c.
REPORTED SEPARATELY.
|
Miles. | Majority stock owned.
Miles.
—_—2,9521 Central Vermont*
531
Leflffd—partly owned.
| Grand Trunk Western*
336
Atlantic* St. Lawrence, Port|
Entire stock owned.
land,Me., to Island Pond. Vt. 1651 Detroit Grand Haven * Mil*— 191
Buffalo & Lake Huron
164 |Tol. Sag. * Muskegon
96
Clncln. Sag. * Mackinaw
53 j
Jointly owned..
Other lines
,,
„
owned--
-
a
2021 Detroit 6j Toledo Shore Line—
79
Total In earnings—
3.536 j
Total road
4.769
Car ferry, Grand Haven to Milwaukee.
*See separate statement this Co*
As to Grand Trunk Pacific Rv.. see that
company above. V. 79. p. 2587On Sept. 30 1905 began
operating Canada Atlantic Ry. and guar.,
bond«- V. 70, p. 967, 1331, 1641, 2455. 2620; V. 85. prln*
-
p.600*
|.n
*°95?cvi?,ei.i00
.
stock of Pontiac Oxford 6s Northern, Pontiac, Mtch.i
and assumed $400,000 6%bonds. V. 80. p. 1542’ 1347.
The_Southern New England Ry. was chartered In April 1910 to build
from Palmer,
.
Mass., at a connection with the Central Vermont, to Proviaenoe, K. iwhere it Is planned to construct an extensive dock
system,
giving the Grand Trunk a through line via the Central Vermont
from
Montreal to Providence. V. 91, p. 154; V. 90. p.
447, 1044.
In Oct. 1910 It was
proposed to apply for authority to make up accounts
Instead of semi-annually, acquire Montreal 6s Southern
Counties
(Electric) Ry., Issue additional consol, deb. stock, &c. V. 91,
p. 1025,1095.
STOCK, Ac.—The authorized capital on Dec 31 1909 was £48,936.364
stock (£45,434,051 Issued and £3
502,313 unissued; advances from the
Canadian Govt. In aid of construction amount to
£3,111,500.
Perpetual
consol. 4% deb. 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 Dec 31 1900 to £8,849,165, and
bearing an annual
£457,042. V. 71, p. 84; V. 88. p. 822, 1194; V. 82, p. 692;
V. 86, p.of
602, 1100.
Station Co. bonds, V. 82, p. 452.
Montreal Warehousing guaranteed
bonds, V. 83, p. 37. Gr. Trk. Pac. Devel. Co., V.86,
p. 1042; V.90,p.306.
Interest
_
DIVIDENDS—
For *99. *00. *01
'02. ’03. ’04. *05. *06. *07. *08. ’09
Guaranteed 4% stock% 4444444
First preferred
% 5555555
Second preferred—% 3K 3
4
5
5
5
5
Third preferred
% 0001202
4
4
4
4
555
5
5
5
0
3
5
3
2*
0
mos-/191°
Gross, $5,606,208; net. $1,565,553
July 1 to Aug. 31.
(1909
Gross.
5,659,739; net.
1,557,280
ending June 30 1910, gross, £3,321,637; net. £865,571,
*787*271 in 1909; net charges, £448,897; advances, £69,514; dlv.
£!ar- stock. £197,816; on 1st pref. (2H%), £85,420; on 2d pref.
if-#'**’
adding £11,839 on hand June 30 1910, leaves balance
to
carry forward June 30 1910 £12,552.
V. 91, p. 518.
.,
r*
..*
REPORT.—Statement for
1909 was In V. 90, p. 1165.
Years ending Dec. 31— 1909.
1908.
1907.
Gross earnings
£6.499.371
£6.180,945
£7,144.506
Transportation
expenses
Net earnings
Total
net
income
—.
...
^
1906.
4.832,340
4,476,775
5,197,478
£6.606,528
4,746,318
£1,667.031
£2.000.809
£1,704.170
£1,999,984
£1,947,028
£2,220,187
£1,860,210
£2.100,993
154, 336, 397, 518, 1025, 1095.)
GRAND TRUNK WESTERN RY.—(See Map Grand Trunk Ry.)—Owns
from Port Huron, Mich., to Chic. & West. Ind.
RR.,at Chicago, 330m..and
trackage Chic. * West. Ind., 5 m.; total. 335 m. Stock, $6,000,000. all
ownedby Gr. Trunk. V. 69, p. 954; V. 71, p. 28.
prior Ileus. V. 88. p. 822. 1194, 1061, 1253; V. 90, p. 1165.
Lake Superior branch bonds, total Issue limited to
£1,550,000, are se¬
cured by a 1st mtge. on all the 188-mlle Lake
Superior Dtv. and are guaran¬
teed prln. and lnt. by Grand Trunk Ry. Co.
(V. 80. p. 996.)
In 1909 Acts were passed by the provinces of Saskatchewan and
Alberta,
authorizing the respective provinces to guarantee, prln. and*lnt.. at the rate
of $13,000 per mile, first mtge. bonds
to be Issued by the Grand Trunk
Pacific Branch Lines Co. tor the construction of new lines, viz.. 670 miles
In Saskatchewan and 491 In
Alberta, to be worked under agreement by the
Grand Trunk Pacific Ry.
Power Is given to Issue additional bonds up to
$2,000 per mile, making $15,000 per mile. In April 1910 £1.270,500 guar,
by Saskatchewan were offered at 98H. V. 90, p. 1044,1165; V. 88, p. 1437.
DEBENTURE STOCK.—In 1906, $25,000,000 debenture stock was au¬
thorized. of which $15,000,000 (£3,000,000) lnt.guar, by the Gr. Tr. Ry.
undo* certain
Montreal to Ohio., Ill
sur. £5,473
def. £6.477 sur. £8,714
M. Hays; Chmn. of Board. Alfred W. Smlth-
ers.—(V. 90, p. 1166, 1170; V. 91, p
>y
_
1906.
£155,206
1,070,923
41,537
(4)312,411
(5)170,842
(5)126,420
(3)214.939
def. £387
OFFICERS.—Pres., Chas.
existing
__
1907.
£155,206
1,069.136
153.350
(4)336,770
(5)170,841
(5)126,420
(3)214,939
Surrey, 225 miles.
V. 91,
p.
1100.
D., to
In Deo. 1908 Ohio. Burt, ft Quincy (Jointly held) acquired control of Colo,
ft Southern, affording direct connection for the Hill fines with the Gulf of
Mexico.
V. 87, p. 1664.
In 1909 arranged to use Jointly the Northern
Pacific line. South Tacoma to Vancouver. Wash., 135 miles.
V. 88. p.1372.
In Dec. 1909 control was acquired of the Spokane ft Inland
Empire (Eleotrlc) RR., operating 247 miles.
See “Elec. Ry. Section.” V. 80, p. 1596.
ORGANIZATION.—In 1907-08 absorbed St. Paul Minn, ft Man and
other roads theretofore controlled.
V. 85, p. 600, 1209; V. 86, p. 168, 794.
LANDS.—Due from land contracts June 30 1910, $235,764; land unsold.
811,225 acres, to be reduced about 660,000 acres by adjustment with U. S.
STOCK.—In 1898 surrendered the right to Issue common stock, all stock
being “of a single class with uniform rights and privileges.”
Stockholders In Jan. 1907 subscribed for $60,000,000 new stock at
par,
-
payable In Installments to April 1908. V. 83,
p. 1469; V. 84, p. 749.
DIVID’DS, 1*92 to *06 (lncl.) *97. *08. *99. ’00. »01. 1902 to Nov 1010.
Gt.North.J 5% yearly
5K 6)4
7
7
7
7% yearly, Q-F.
Also In 1898 50% In Seattle ft Mont, stock, which was then exchanged
for 40% In Gt. Nor. pref.
V. 66, p. 1044. 1188; V. 74, p. 829. In May,
1901 H % and In Nov. 1907 1 Vi % was paid from earnings of Lake Superior
Co.
V. 85, p. 921,1405.
Ana In Deo. 1906, unit for unit, 1.500,000 shares
of beneficial Interest In the Iron ore properties.
See “General Finances.**
BONDS.—St. P. Min. ft Man. consol, mtge. of 1883 Is for $50,000,000, of
which bonds are reserved to pay prior liens.
Tt Is a first lien on the land
grant, and, since retirement on Nov. 11910 of Dak. ext. 6s, on 2,549 miles
of railway in Minn, and the Dakotas.
V. 64. p. 518; V. 86, p. 229; V. 87,
p. 295, 624, 1061.
518. MontanaExt. mtge.
&. limited
1533; V.to88,$10,185,000.
1372;V.V.45.
91,p.p.342.
Abstract.
Pacific Extension mtge.. £6,ooo.ooo, provides for bonds at £6,000 per
mile In Montana and £7,000 per mile west of Montana.
V. 66, p. 1044,
1188; V. 80, p. 1111,1174; V. 90, p. 303.
See abstract of mtge., V. 52,p.82.
In 1904 the Gt. Northern and Nor. Pac. had acquired $107,612,600 of the
$110,839,100 Chicago Burl, ft Quincy RR. stock. In exchange for their
Joint 20-year 4% gold bonds, secured by the deposit of the stock 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; V. 85. p. 600.
Eastern Ry. of Minnesota.—Nor. Dlv. mtge. of 1898 limited to
$9,700,000
are red. at 105 after April 1 1028.
V. 66, p. 471; V. 88, p. 1002, 1253.
The WiUmar a Sioux FaUs bonds are guaranteed.
V. 56, p. 247
GENERAL FINANCES.—Total funded debt per mile of majn track
(4,924 m.) In the hands of the public June 301910, $22,214. V. 85, p. 1277.
Train-load, 1909-10, 51s tons, against 502 In 1908-09,
f
In Oct. 1906 a contract was signed for a lease of the ore lands to the U.
S.
Steel Corp., to continue until the ore Is exhausted, unless the lease Is
termi¬
nated on Jan. 1 1915 under the option reserved to the Steel Corp., on
a roy¬
alty basis of $1 65 per ton standard ore with 3.4 cts. per ton Increase each yr.:
minimum tonnage to be mined, 750,000 tons during 1907, with
750,000 In¬
crease each year until 8,250,000 Is reaohed.
The Iron ore properties were
Oot., 1910.]
RAILWAY STOCKS AND BONDS.
Miles
Road
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Golf & Ship Island—Stock......—.—
First refund and term M gold sink fund_.N.o*x6sr*
Mortgage gold part due yearly red at lot
Mpc*
Gulf Terminal. Mobile—1st M 3700.000 ggu(text)o* 6sr
Gulf Texas A West—1st M 510.000,000 g red 105.Mp
Halifax A Eastern—First mortgage red....
Hancock A Calumet—See Mineral Range RR
Hannibal A St Joseph—See Chicago Burlington 6b Qul
Harrlman A Northeastern—First mortgage gold—Ce
Harrisburg Portsmouth Mt Joy A Lane—Stock 7% gu
First M (extended in 1883) gu p 6b 1 Pa RR...GP,r
Hartford 6c Connecticut Western—Stock
First mortgage extended in gold In 1903
Hawklnsv A Fl So—1st M 3400,000 gold guar p 6b 1
Henderson Bridge Co—See Louisville 6b Nashville RR
Hibernia Mine RR—Stock
Hocking Valley Ry—Stock common to be 326,000,000
Columbus & Hocking Valley first mtge gold
c*
Col 6b Tol 1st M gold ext 1905 (V 81 p 211). — S.c*
First consolidated mortgage 320.000.000 gold—Ce
Oar trusts gold 580.000 s-a (V 75 p 741)
S
Usm
Equip notes gold Ser A due 323,000 s-a
do
do
Ser B due 348,000 s-a
307
307
Date
Bonds
Par
Amount
Rate
When
Value
Outstanding
%
Payable
1902
3100
1,000 6bc
1908
75
—
1907
1909
1905
1,000
1.000
1895
100 6bc
50
500 6bc
£100
20
53
53
124
124
44
1853
100
•
—
_
_
*
1883
1902
1,000
1,000
4H
—
76
118
346
1899
1902
— — ^
PS*
—
i-
—
^
^
—
1,000 6bc
1907
1907
—
ft
100
100
500 6cc
1,000
m — m
1867
1875
...
—
er
635, Sent.
693, 749,
a v.818,
1228, 1290;
V.share,
84. p.paid
996; V.March
86, p.16855.
on 969, certs..
$1 per
16 1907;
1908,First
$1;
ore
Sept. 15 1909, $1; Mch. 15 and Sept. 1910, 50 cents each.
V. 87, p. 740,
936; V. 90. p. 562.
EARNINGS.—2 mos.,/1910
Gross. 811.668,030; net, 84,621,183
July 1 to Aug 31.
Gross,
11909
10,872,851; net,
4,669,061
REPORT.—For 1909-10 In V. 91, p. 1091, 1009; editorial, p. 1068.
*
Gross operating revenues
Net operating revenue
Gross corporate Income
Deduct—
Rentals paid
Hire of equipment balance
Bond Interest accrued
1908-09.
1907-08.
7,020
6,808
6,594
814,311,800 810,977.948 811.189.553
46,675,734
39,464,811
40,311,420
3,214.934
3,017,703
2,711.100
262,902
226,982
217,560
-
,
864,465,370 853,687,444 854,429.633
821,856,981 818.812,783 816.328.962
923.113,800 822.566,583 820,164,477
...
8255,228
125,387
4,823,184
8230,890
91.347,436
4,726,536
3,67<f,865
118,177
121,723
14,698,663
14,697,473
155,862
2,038,427
10,483,055
Guaranty Koot. Ry. & Nav. deben¬
ture stock interest
Int. accrd. on subs, for add. stock..
Dividends on stock, 7%
Balance, transf. to fund for perm.
Impts. and renewals
83.093,161 82,789,961 92,468,832
OFFICERS.—Chairman, James J. Hill, St. Paul; Pres., Louis W. Hill,
St, Paul; V.-P., R. I. Farrington; V.-P. 6b Treas., E. T. Nichols, N. Y.;
Asst. Treas. A Sec., E. Sawyer, St. Paul; Asst. Sec. and Asst. Treas.,
N. Terhune.
New York office. 32 Nassau St.
Directors—J. J. Hill, Frederick Weyerhaeuser, E. Sawyer, R. I. Far¬
rington, R. A. Jackson, Samuel Thorne, Louis W. Hill, Wm. B. Dean. E. T.
Nichols.—(V. 90, p. 697, 1490, 1613; V. 91, p 154, 518. 1025, 1091, 1099.)
GREEN BAY A WESTERN RR.—Road owned from Green Bay, Wls.,
to Marshland. Wls., 209 miles: branches. 13 m.; trackage to Winona, 4 m.
HISTORY.—A reorganization June 5 1896 (per plan In V. 61. p. 471).
SECURITIES.—There are no fixed charges on the property other than
taxes, nor can any be placed thereon, or the property be sold or leased
without consent of 75% of stock.
Class A debentures are entitled to 2 hi %
interest, If earned, then common stock to 2 H%. then the two share ratably:
but after 5% on both, class B is entitled to all surplus earns.
V. 61, p. 471.
DIVIDENDS—
’98. *99. ’00. *01. ’02. *03. ’04. '05-’07. *08. *09. ’10.
Class "A" deben.% 2H 2H 2H
5
5
5
3
4
4
4
5 yly.
Stock
.%
5
l>i 2H 3
5
4
4
5 y’ly.
5
4
Class * B deben.%
H H
H
EARNINGS.—12 mos.J1909-10..
Gross, 8609,692; net, 8211.625
July 1 to June 30.
\ 1908-09
Gross, 581,617; net. 175,237
REPORT for year ending Deo. 31 1909 In V. 90, p. 842.
Cal.
Gross
Net after
DU. on
Dividend
Div. on
Balance,
Year.
Earnings. Taxes. Deb. “A”s.
on Stock.
Deb. "B”s. Surplus.
1909 ...8588.919 8172,910 (5)830,000 (5)8125,000 04)817,500
8410
1908
602,106
182,037 (5) 30,000 (5) 125,000 (%) 26,250
787
DIRECTORS.—S. S. Palmer, Pres.; Charles W. Cox, Sec. and Treas.,
40 Wall St.; C. Ledyard Blair, J. A. Jordan, W. J.Wilson.—(V. 90. p. 842.)
GREENE RR.—Owns road from Chenango Forks to Greene, N. Y., 8
miles.
Leased to Delaware Lack. A Western for term of charter for 6% on
stock.
Stock. 8200,000; par, 8100.
D. L. A W. owns 8200,000 7% bonds
GREENWICH & JOHNSONVILLE RR.—See page 165.
GUAYAQUIL A QUITO RY.—See page 66.—GULF A INTER-STATE
...
...
GULF LINE RY.—Owns Ashbum, Ga., to Brldgeboro, 32 miles; track¬
Ashburn to Worth, 6 miles; leases (to April 1 1953, with option to
age,
purchase) Hawklnsvllle A Florida Southern, Hawkinsvllle to Worth, 44
miles; total, 79 m. Extension proposed from Brldgeboro to Camilla, 40 m.
Sold to Eastern capitalists early in 1910.
V. 90, p. 502. Stock auth.,
8400,000.
Bonds auth., 8325,000 30jn*. gold 5s, Atlanta (Ga.) Trust Co.,
For year ending June 30 1909, gross,
_
p. 420; V. 89. p. 847, 502.)
net, 834,491, against 51.056.
Pres.,
L. Twigg, Sylvester. Ga.—(V. 86,
.
GULF A SHIP ISLAND RR,—Company owns from Gulfport, on
Mississippi Sound, Gull of Mexico, to Jackson, Miss., 160.5 m.: Columbia
dlv., Maxle to Mendenhall, 104.75 m.
Branch from Saratoga to Laurel,
41.75 miles; total, 307 miles.
Important harbor Improvements have been
constructed at Gulfport, including an extensive system of docks, piers, 6bc.;
also a channel 7 miles long extending to deep water.
.
STOCK.—Capital stock, 56,500,000 (par of shares, 5100), outstanding.
DIVIDENDS.—April 1903 to July 1910,4% yearly.
V. 88. p. 1620.
BONDS.—Of the first 5s (55,000.000 authorized), 54,984,000 are out¬
standing. remaining 816.000 being reserved to retire a like amount of old
bonds still outstanding.
A yearly sinking fund of 1 % of bonds outstand¬
ing, whloh became operative Jan. 2 1905, may purchase bonds at not
exceeding 110, but the latter cannot be drawn; bonds so purchased to be
kept alive In the sinking fund as an Investment. On June 30 1910 8343,000
bonds were in the sinking fund.
See V. 74, p. 426, and application to list
V. 74, p. 1257; V. 81, p. 264.
The mtge. gold 6s of 1908 (fl.000.000 origi¬
nal Issue), of which 5500,000 matured April 1 1909 and 1910 and remaining
Places Where Interest and
Dividends are Payable
J—J
36,750.000 See text
July 1 1910 2% Buffalo N Y
5 g
6b
J
J Feb 1 1952
4.984.000
Metropolitan Tr
6 g
A
6b
500.000
O Apr 1911
do
4 g
J
6b
600,000
J Jan 1 1957
do
6
M
6b N Nov 1 1939
1,007,000
g
Metropolitan Tr
J ob D JO 1955
6 g
(?)
6 g
300,000
1,182,550 7)4 ln*10
4
700,000
2
2,965,500
700,000
4)4
325,000
5g
200,000
11,000,000
1,401,000
2.441,000
16,058,000
240,000
299,000
624,000
481,000
80,000
350,000
375,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
“Indu strials”
See text
1,000
240,000
2.203 000
1,000
2,199.000
1,000
1,000
801.000
1,000
1,873,000
1,000
230.000
1,000
4,275,000
1,000
1,105,000
1,000
1,920,000
1,000
709,000
180.000
1,000
See text
transferred to Louis W. Hill, James N. Hill and Walter J. Hill as trustees,
the 1,500,000 shares of beneficial Interest in the trust equal to the number of
shares of stock held being issued Dec. 1905 to Great Northern stockholders.
The profits from the Iron properties, after first deducting the 80c. per ton
payable to the Gt. Northern Ry. for carrying the ore to the docks on Lake
Superior, will be distributed along with any profits from other ore leases
at least cnee a year to the holders of the trust certificates.
See V. 83,
Average miles operated.
Passenger earnings
Freight
Mall, express, &c
Other than transportation
Last Dividend
and Maturity
Co. N Y
do
do
Co. N Y
ncy
do
do
Ser C due 537,000 s-a
1907
do
do
Ser D due 520.000 s-a (V 85 p 600)
1907
do
do
Ser E due 325,000 s-a
1907
do
do
Ser I of 1908 due 325,000 s-a_S.xc*
1908
Bonds of coal companies guaranteed.
See Sunday Creek Co und
Honduras Nat—1st M 510,000,000 auth red 105 aft '15
1910
HoosacTunnel A WUmingt—istM 5250,000 auth g_ OB
25 1892
Hous Belt & Ter—1st M 55,000,000 gred 105 textCec*
1907
191
1893
Hous E A W Texas—1st M gu p 6b I by So Pac-.Un.c*
First mtge 53.000,000 gold not guaranteed
191
1893
453
Hous A Tex C RR—1st M1 gr g red 110 lnt gu.Ce.c* At
1890
Cons M land grant gold red at 110 int guar__F.c*6sr
453
1890
General mortgage gold interest guar end
453
1890
Mp.c*6br
Waco 6b N W Div 1st M g 325.000 p m
58
Ce.c*6br
1900
Austin 6b N W (merged) 1st M g gu p 6b l..Mp.c*6br
103 1891
Ft Worth 6b New Orleans 1st M (Wax to Ft worth)
41
1895
C Tex 6b N W 1st M guar So Pac (Gar to Wax)
12 1881
F
94 1910
Mortgage on cut-off 53.000.000 authorized
1909-10.
59
6
4 in 1910
4 g
4 g
4)4 g
4)4 g
4
4
4
4
4
4 g
6
5
5
5
5
5
6
4
6
5
6
6
6
g
g
g
g
g
g
g
g
g
j
6b
J
j
6b
J
j
6b
J
F 6b A 31
6s
J
J
A 6b O
A
J
A
6b
6b
6b
F
6b
6b
J
M 6b
F
6b
F 6b A
A
6b
J
6s
F
6b
F 6b A
J
M
J
M
M
J
A
A
M
J
J
A
6b
6b
6b
6b
6b
6s
6b
6b
6b
6b
6b
6b
O
J
O
A
J
N
Jan
1 1918
Trust
do
July 1 1913
Aug 3119101% Hartford
do
July 1 1923
1952
Co
N
Y
do
Union SB 6b Tr Co Cin
Oct 101910 3% See Central of New Jersey
July 18 1910 2% J P Morgan 6s Co N Y
Oct 1 1948
do
do
do
do
Aug 1 1955
do
do
July 1 1999
May'11-May »12
A Feb Ml-Feb *17
15 To F^b 15 1917
O To Aprill 1917
J Jan ’ll-July *12
A Feb '11-Aug *17
15 To Feb 15 1918
J
S
J
N
N
J
O
O
N
J
D
O
Central
July 10 19104% Company's Office Phlla
Feb 1 1940
1 1922
1 1937
1 1933
Sept
July
May
May
July
1 1933
1 1937
1 1912
Apr 1 1921
May 1 1930
July 1 1941
Dec 1 1925
Oct 1 1911
1940
Oct
do
do
U. S. M. 6b Tr. Co.. N. Y.
Lincoln Trust Co., N. Y.
Merch.L.6b Tr.Co., Chic
First Tr.6s S. Bk.. Chic.
Empire Trust Co., N. Y.
Standard Trust Co. NY
Old Colony Tr Co Boston
Central Trust Co, N Y
120 Broadway New York
do
do
120 Broadway New York
do
do
do
do
do
do
do
do
do
do
120 Broadway New York
8500,000 falls due In 1911, Issued partly to defray the cost of 60 miles o
road, are secured on entire property, subject to first ref. 5s. V. 86, p. 547*
1100.
Car trusts June 30 1910, 8140,000..
EARNINGS.—2 mos.,f 1910
Gross, 5315,361; net, 3108,331
July 1 to Aug. 31.
(1909
Gross,
313,858; net,1
78,584
REPORT.—Report for year ending June 30 1910 In “Chronicle,” Oct. 29
Nov.
Year—
Gross.
Net.
Other Inc.
Balance.
Charges.
1909-10
52.094.076
5648.190
514.170
8371,021 5290.339
1908-09
1,873.196
404.761
7,702
407.805
sur.4,658
Dividends (4%) paid during 1909-10, 3262,500, agst. 3242,500 In 1908-09.
Pres., J. T. Jones, Buffalo, N. Y.—(V. 90, p. 447; V. 91, p. 655,1095.)
or
-
,
GULF TERMINAL CO., MOBILE.—Owns union passenger station and
approaches at Mobile, Ala., leased by the Southern Ry. and Mobile A Ohio
RR., which own the stock and guarantee the bonds jointly and severally,
A1., by end. Franklin Trust Co., N. Y.. Is mtge. trustee.
V. 84, p. 50
QULF TEXAS A WESTERN RY.—Projected from Burr's Ferry to
Benjamin, Tex , 475 miles, of which Jacksboro to Olney, 40 miles, had
been completed In Oct. 1909 and 35 miles to Seymour on Jan. 15 1910.
Stock authorized. 5800,000: outstanding July 1910, 350,000; par of
shares, 5100. Of the first 5s (310,000,000 authorized Issue), 31,007,000
have been Issued on the first 50 miles completed from Jacksboro to Megargel.
V. 89, p. 993, 1223; V. 90, p. 109.
Equipment trusts, 527,200 5s due
semi-annually from about Aug. 1909. Pres., J. J. Jermyn, Scranton, Pa.;
Vice-Pres, and Chairman of Board, Roy C. Megargel, 5 Nassau St., N. Y.;
Vice-Pres, and Gen. Mgr., Ben B. Cain,, Dallas, Tex.; Sec. and Treas.,
W. Frank Knox, Dallas, Tex.—(V. 89, p. 993, 1223.)
HARRIMAN A NORTHEASTERN RR.—Harrlman to Petros, Tenn., 20
miles.
In Jan. 1903 entire stock acquired In the Interest of the Cincinnati
New Orleans & Texas Pacific Ry., but Is operated separately.
V. 76, p.
157.
In 1907 a dividend of 4% and In June 1908 2 H % was paid from ac¬
cumulated surplus.
Stock. 5600.000. Year to June 30 1908, gross, 3111.138; net. 532,402; chgs., 322,982; bal.. sur., 39,420.—(V. 76. p. 212.)
HARTFORD A CONNECTICUT WESTERN RY.—Hartford, Conn., to
Rhlnecllff, N. Y., 110 miles, and branch. 14 miles. Leased till Aug. 1940
to Central New England Ry. (now controlled by New York New Haven A
Hartford RR.), the rental paying charges and 2% per annum on the stock,
of which 51.640,000 owned by lessee.—(V. 83, p. 213, 1290.)
HAWKINSVILLE A FLORIDA SOUTHERN RY.^Worth to Hawklns¬
vllle. Ga., 44 miles.
Leased May 1 1907 to Gulf Line Ry. until April 1
1952. with option of purchase.
V. 84, p. 1247.
Stock, 3100,000,
acquired In April 1904 by Georgia Southern A Florida, which guarantees
bonds (see table above), principal and interest.
Year ending June 30 1907,
gross. 355.174; net. 58.247;
total deduc., 813.542; bal.. def., 35.295.
Pres., J. B. Munson; Treas., W. P. Hopper, Macon, Ga.—(V. 84, p. 1247.
HIBERNIA MINE RR.—Owns Rockaway to Hibernia Mines, N. J.;
4H m. Leased to Cent, of N. J. 1890 to Oct. 1 1910 at 512,000 yearly.
HOCKING VALLEY RY.—The company's main line extends from
Rockwell to Columbus, 120 miles; Columbus to Athens, 76
m.; Logan to
Pomeroy ,83 m.; total main line, 279 miles, with trackage (Penn. RR.
system) Toledo to Walbrldge. 5.5 m.; (L. S. A M. S. Ry.) Toledo to Rock¬
well, 2.5 m.; (P. C. C. 6s St. L. Ry.) Columbus. 0.5 m.; total main line and
trackage, 287.5 miles.
Branches, 45 m.; leases W 6s J. B. Ry., Dundas to
Jackson, 17.5 m.; total, 350 miles; second track, 50 miles.
HISTORY, 6sc.—Successor Feb. 25 1899 per plan V. 68, p. 231, of
Columbus Hocking Valley 6s Toledo Ry. foreclosed.
The coal lands aggre¬
gate about 20,975 acres, and are covered by the consolidated mortgage.
STOCK.—The 515,000,000 pref. stock was called for payment at par on
April 30 1910 and after dissolution of a temporary injunction was retired,
about 510,000,000 thereof being provided by the sale of the holdings In
Toledo 6s Ohio Central and Zanesville 6s Western stock (see below) and the
remainder borrowed.
The stockholders were to vote May 11 1910 on
Increasing the authorized common stock from 311.000.000 to 326,000,000,
but action has been restrained pending trial of the suit of three minority
stockholders.
V. 90, p. 976, 1239, 1296, 1363, 1614; V. 91. p. 154.
SALE OF STOCK, &c.—The Chesapeake A Ohio owns 57,501,800 of the
311.000,000 outstanding stock (Including 36.347,800 acquired In March
1910. The Lake Shore 6b Mich. Sou. and Ches. 6b Ohio acquired the Kana¬
wha 6b Michigan stock formerly held In the Interest of the Hocking
Valley,
and the Lake Shore purchased nearly all the stock of the Toledo 6b Ohio
Central (the last-named having been held by the Kanawha 6b Michigan) and
all the stock and bonds of the Zanesville 6b western.
V. 90, p. 771,849,977.
DIVIDENDS.—On common, July 1901 to Jan. 1907 hud., 3% per annum;
July 1907, 2%; 1908 to 1910, 4% (J. A J.)..
BONDS.—The consols (520,000.000 authorized) besides a lien on the
entire property, subject only to 33,842,000 prior bonds, have a first lien on
all the coal lands; 53,842.000 consols are reserved to retire the
existing bonds
(the latter may be extended at maturity).
V. 72. p. 338; V. 74, p.
1038; V. 86, p. 229. Substantially all of the bonds and stock of the
Ohio Land 6b Ry. Co. and the Wellston 6b Jackson Belt Ry.. 18 miles, are
deposited under said mtge. V. 68. p. 823. Guarantees Kanawha 6b Hocking
Coal 6b Coke Co. bonds. V. 74, p. 271; V. 77, d. 2393; V. 81,
p. 507. 781;
also Continental Coal Co. bonds. V. 75, p. 497, 987: V. 88.
p. 1127. In June
1908 control of Sunday Creek Co., which operates all the coal
properties (see
“Industrials”), was sold, to be held In trust and re-conveyed to company
If authoritatively decided that Hocking Valley Ry. has a right to holdTtT
EARNINGS.—2 mos.,11910
Gross, 31.415.650; net. 8587,493
July 1 to Aug. 31.
11909
Gross,
1.231.419: net,
509.950
ANNUAL REPORT.—Traffic is mostly freight, and over 68% of Gils Is
bituminous coal.
Average train-load Is large—In 1910, 649 tons.
» fa*.
Report for year ending June 30 1910 in V. 91, p. 863. 884.
►p
Year ending June 30—
1909-10.
1908-09.
190?-0A>i
1907-08.*
Operating revenue.—..
37,569,330 55.678.414 35,841.703
Net (after taxes)
2,627,580
1,716,592
1,533,887
Other Income
1,090,989
1.008,995
1,019,926
Gross corporate ncome
83.718,569 32*725.587
33.553.813
p.
.
......
RAILWY
STOCKS
AND
BONDS
1910.]
RAILWY
STOCKS
AND
BONDS
62
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
Road
tFor abbreviations, Ac.,
Hudson Companies—Stock and notes, see text.
Hudson ft Manhat—1st M $100,000,000 oonv.S.xo* Ar
New York A Jersey first mortgage red 110..G.o*
Car trusts $46,000, due seml-ann
..G
Huntingdon ft Broad Top—Common stock
Kank A S W 1st M Otto to Normal June A br
1907
1902
1909
'70
Preferred stock 7% non-cumulatlve
First M extended in 1890 (Interest only In gold)._GP
Second M old 7s extended In 1895 p AI gold
GP
Third M oonsol extended In gold In 1895
QP.c*
14th Ser car trust $29,000 yearly Dec 1..
PeP
Car trusts gold due $33,000 yearly (V. 84, p 1424)..
Idaho & Wash Nor—First M g red text...IC
Idaho Southern—1st lien notes part due yrly red 102 *
Illinois Central—Stock $123.552.000
Leased line 4% stock guaranteed (see remarks)....
First mtge of) Sterling bonds old 6s extend In 1895)
18 7 4 for Sterling bonds extended In 1905—
$15,000,000 4s of 1886 due 1951 gold
c*Ar
secures all 3*8 of 1886 due 1951 gold...c*Ar
equally .Us 3s of 1895 due 1951 gold—_.c*Ar
(V 83. p 76) j3 *8 of 1903 due 1951 gold...c*Arj
Trust bonds sterling (sec by Ch St L A N O cons). Us
First M Sd Dlv ref M (V 66, p 1237) g
Us.xc* Ar
Date
Bonds
70
70
70
70
1854
1857
1865
1^99
1907
1907
1909
103
1875
1875
1886
1886
1895
1903
1886
1897
1881
1892
706
i
r
Cairo Bridge bonds gold (see remarks)
Us.c*Ar
St Louis Dlv A Term M $10,000,000 gold.Us.xc*Ar X
do
$5,000,000 (See V 65. p 1173) g.Us.xc*Ar
ill
131
239
/1897
) 1897
Underlying St L) Bellevue A Carondelet 1st M—c*
17
30
17
748
1883
1886
1887
Refunding mortgage gold red (text)
Qxc*Ar*
Collateral trust bonds gold $
Us.c*Ar
Coll trust $25,000,000 gold on L N O A T__ Us.c*Ar
Western lines first mortgage gold
Us.c*Ar
Ch St L A N O cons M ($18,000,000) g Int gu..c*Ar
2,015
1908
1888
1892
Dlv A Termln- iSt Louis Southern 1st M g__Me.c*
al Mortgage ..JCarb A Shaw 1st M gold.. —c*
Purchased lines 1st M $20,000,000 gold.. Us.xc* Ar
—
do
guaranteed principal and Interest
Memphis Dlv 1st M gold guar p A 1 (end) -_Us.c*
a
Includes
$5,266,000
consol
Year ending June 30—
Fixed charges, Ac
Dividends on preferred
Dividends on common, 4%
Improvements
5s
pledged
to
857
798
218
567
567
100
se cure
1904
1894
1881
1897
1889
I Ulnols
Par
Value
$. £
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
4* g F
A
A
5 g
F
A
A
5
MAS
See text J
A
J
See text J
A
J
4 g
A
A
O
F
A
A
<£
A
A
O
J
A
D
*H I A A O
MAN
I1
5,
2
Central
1908-09.
1907-08.
$1,189,131
600,000
79,655
101,754
440,000
B&lanoe, surplus
$1,464,983
$396,334
$222,928
OFFICERS.-—Pres., Geo. W. Stevens: Sec. and Treas., Jas. Steuart
MacKle; Asst. Sec. and Treas., W. N. Cott, Columbus.
DIRECTORS.—Frank Trumbull (Chairman), Edwin Hawley, F. A.
VanderUp and Thos* H. Hubbard, New York; Geo. W. Stevens, Richmond,
Va.: J. B. Zerble and James H. Hoyt, Cleveland; P. W. Huntington, S. P.
Bush, R. S. Warner and F. B. Sheldon, Columbus, O.; S. C. Reynolds,
Toledo, O.; Decatur Axtell, Richmond, Va.—(V. 91, p. 154, 863. 884.)
HONDURAS NATIONAL RR.—To extend from Tryillo. Honduras, on
the Atlantic coast, to Tegucigalpa, with branch to Tutlcalpa, a total of 350
miles.
Will connect at Puerto Cortez with Port Cortez RR;r-extending
60 miles to El Pimlento on the Pacific coast.
Stock auth., $10,000,000: par
$100.
The Honduras National Development Co. guarantees bonds
($10,000,000 auth.; see table), prln. and lnt. V. 90, p. 849, 559, 109.
Under the concession the Honduras Govt, may take over the road at the
end of 25 years by paying its assessed value.
Financial agent, Le Roy
Ferry, 4$ Broadway. N. Y. Pres., L. M. Fairbanks, Mansfield, Ill.; Sec.,
Spencer Hugh, Chicago; Treas., Franklin O.Klng, Chicago; Gen. Mgr.,
HOOSAC TUNNEL ft WILMINGTON RR.—See
Payable
l*
$1,209,597
600,000
440,000
L. T. Westrich, St. Louis.—(V. 90, p. 109, 559, 849.)
When
%
lxxxxi.
Feb 1 1957
Standard Trust Co, N Y
Feb 1 1932
Guaranty Trust Co, N Y
Mch *11-Mch *19
do
do
50
1,371,750
Jan 28 1904 1 % Phlla off. No Amer Bldg
50
2,000,000
Jan 25 1908 3 *
do
do
500
416.000
do
do
Sept 30 1920
500
367.500
Feb 1 1925
do
do
1,000
1.497.000
Mch 31 1925
do
do
1,000
60,000
To Deo 11911
Penn Co fer Ins Ac,Phlla
1,000
368,000
To Oct 1 1921
Phlla Tr S D A Ins Co
1,000
3.090,000
Ill Tr A Sav Bk. Chicago
May 1 1932
1,000
500,000
MAN May 1 ’12-’14
Commonw h Tr Co, Pitts
100 109.296.000 7 In 1910 MAS
Sept 1 1910 3* 115 B’way, N Y. A Lond
100 10.000.000
4
J
A
J July 1 1910 2%
do
do
£200
2.500.000
4 g
A
A
O Apr 1 1951
London. England
£200
1.000.000
A D Deo 1 1950
do
3* g J
do
1,000
1.500.000
4 g
A
J
J Jan 1 1951
115 Broadway, New York
1.000
2.499.000
A
J Jan 1 1951
3* g J
do
do
£200
£500.000
3 g
MAS Mch 1 1951
London
1.000 Ac
3.000.000
3* g A A O Apr 1 1951
New York and London
£200
5.266.000
A
3* g J
J July 1 1950
Baring Brothers, London
1,000
2,000.000
A
3* g J
J Jan 1 1951
115 Broadway.New York
1,000
968.000
A
F
A Aug 1 1921
do
do
1,000
3.000.000
J
A
D Dec 1 1950
do
do
500 Ac
8.377,000
J
A
J July 1 1951
do
do
1.000
4.998.275
* *
J
A
J July 1 1951
do
do
1.000
470.000
A
J
D June 1 1923
do
do
* MAS
1,000
538.000
4 g
do
do
Sept 1 1931
1,000
241.000
4 g
MAS Mch 1 1932
do
do
1,000 Ac 14,662.000
A
3* g J
J July 1 1952
do
do
1.000 Ac 20.000.000
MAN Nov 1 1955
do
do
500 Ac 15.000.000
4 *
A
A
O Apr 1 1952
do
do
500 Ac 25.000.000
4 g
MAN Nov 1 1953
do
do
1.000
5.425.000
F
A
A Aug 1 1951
4*
do
do
1.000 al6.635.000
5 g
J A D 15 June 15 1951
do
do
1,000
1.359.000
3* g J A D 15 June 15 1951
do
do
1,000
4 g
3.500.000
J
A D Deo 1 1951
do
do
1909-10.
440,000
101,754
Rate
or fr. $59,676,000
1,000
5.000,000
1.000
782.000
$1,178,804
533,028
Amount
Outstanding
[Vol.
o
ollateral tru st bonds of 1886.
DIRECTORS, ETC.—W. G. Oakman, Pliny Fisk. Grant B. Schley, W.
C. Lane, John W. Simpson, Wm. M. Barnum. Albert A.
Tilney, Kenyon
B. Conger, Wm. Henry Barnum,
Charles F. Adams 2d, Arthur B. Wester-
velt, P. G. Bartlett, W. G. Oakman, Pres.; Wm. Henry Barnum, V.-P.and
Treas.; W. C. Kinney. Asst. Treas.; William EverdeU Jr.. Sec. Office, 62
Cedar St., New York City.—(V. 90. p. 502, 627, 1614.)
HUDSON ft MANHATTAN RR.—(See Map.)—Owns and operates
double-tube tunnel from 6th Ave. and 33rd St.. N. Y.
City, under the
Hudson River to the Del. Lack. A West. RR. station. Hoboken,
N. J..about
3 H m.; opened Feb. 26 1908; also double-tube tunnel from Hoboken
south¬
wardly through the Erie and Pennsylvania RR. stations in Jersey City and
thence under the Hudson River to the Hudson Terminal Buildings on Church
St. (one block west of Broadway), extending from Cortlandt to Fulton
St.,
opened on July 191909, making total double-track tunnel In operation 7 *m.
The line between 23d and 33d sts. will be opened on Nov. 10 1910.
In
May 1909 permission was granted for further extension to 42d St. and Grand
Central Station. A branch will also be built from 6th Ave. under 9th St. to a
connection with the Subway at 4th Ave. V. 87, p. 37, 614,1011: V.
88, p.
295, 451, 686, 944, 1197, 1437, 1620; V. 89, p. 224; V. 90. p. 1041. 1296.
V. 91, p. 1025.
An extension of about* mile from the PennJRR. station In
Jersey City to
Henderson St., Jersey City, was opened for traffic Sept. 6 1910. This line
is being further extended to Summit Ave., Jersey
City, where a connection
with the present main line of the P. RR. will be made and a
through service
will be given over this line from Hudson Terminal BldgS. to Newark, N. J.,
probably In the summer of 1911, under a traffic agreement.. V 90, p. 635,
1041: V. 91, p. 276.
The Hudson Terminal Bldgs., the largest office build¬
ings In the world, were opened May 1 1908. Trains, electric and all steel.
STOCK.—Common, $40,000,000: outstanding Mch. 31 1910, incl. scrip,
$39,660,380; 5% non-cum. pref., with preference also as to assets, and con¬
vertible after July 1 1911 into common stock at 110, authorized issue $10,000,000; outstanding $5,164,556. Par $100.
BONDS.—Of the 1st 4 *s, $59,500,000, in connection with $40,000,000
common and $5,250,000 pref. stock, have been issued on acoount of tun¬
nels, stations, power houses and extensions, and the two buildings at the
Hudson Terminal in New York. Of the remainder, $5,500,000 will be used
to retire thq $5,000,000 N. Y. A Jersey 5% bonds redeemable at 110, leav¬
ing for future use $35,000,000 bonds and $7,500,000 pref. stock.
Of the 414s Issued as above stated, part are
deposited as collateral
for Hudson Companies notes (see that company above). ■
The bonds will be convertible on any Interest day after Feb. 1 1912 at
page 166.
HOUSTON BELT LINE & TERMINAL RY.—Owns a terminal line
in and around Houston, Tex.. 20 miles, with large freight and
passenger ter¬
minals. Controlled by four proprietary roads, viz.. Col. Southern, New Or¬
leans A Pacific (St. Louis & San Fran.), Trinity A Brazos Valley (Col. South¬
ern) St. Louis Brownsville A Mexico and Gulf Colorado A Santa Fe (Atchi¬
son system), which each owns one-fourth of the stock and under a
99-year
lease from July 1 1907 agree to pay under a pro rata wheelage basis
operat¬
ing expenses. Interest on bonds and annual sinking fund of 1% of bonds
Issued.
V. 86, p. 285; V. 89. p. 1668.
Incorporated Aug. 31 1905 with
$25,000 (nominal) stock. The 5s of 1907 ($5,000,000 auth. issue) are sub¬
ject to call as a whole at 105 after July 1 1917 or for a yearly sinking fund
of 1% of the amount outstanding.
In 1909 Texas RR. Comm. auth. Issue
of $2,246,000 bonds, of which $43,000 retired by sinking fund to June 1910.
—(V. 88. p. 883, 1253, 1313; V. 89, p. 1668.)
HOUSTON ft BRAZOS VALLEY RR.—See page 166.
HOUSTON EAST ft WEST TEXAS RY.—(See Map of Southern Pacific.
ondholders when common stock,per
protect
in addition to the $40,000,000
at present
Owns from Houston, Texas, to Sabine River at Logansport,
191 miles.
authorized and the further amount necessary to convert the bonds, is Issued.
8tock $1,920,000. of which $1,918,200 owned by So. Pac. Co., which has
In Feb. 1909 $920,000 5% car trusts were sold.
V. 88. p. 505. 624.
guaranteed $2,199,000 of the bonds, prln. and lnt., by endorsement, re¬
REPORT.—Report with balance sheet of March 31 1910 In V. 90.
serving the light to redeem them at 105 and lnt. on six mouths* notice.
p. 1041, showed: Earnings for 3 mos. ending Mch. 31 1910, gross (al
Dlv. 16% paid in 1902-03 and 30% In 1907-08 out of accumulated
sources), $976,655; net, after taxes, $563,771; charges. $562,725 (not ind.
surplus.
Guaranty. V. 70. p. 841; V. 71, p. 236.
$201,506, part of Interest charged to construction); bal., sur., $1,046.
Year 1908-09, gross, $1,236,058; net, Ind. other
inc., $450,081; charges.
OFFICERS.—Pres., W. G. McAdoo; V.-P.,Wllbur C. Fisk; Treas., J. S.
$234,756; bal., sur., $215,325.—(V. 78. p. 2384.)
O’Neale; Asst. Treas., F. W. Walz; Sec., C. W. King; Asst. Sec., Wm. J.
HOUSTON ft TEXAS CENTRAL RAILROAD.—(See Map of Southern
Martin and Wm. Everdell Jr.; Comptroller, H. S. Corwin; Auditor, F. H.
Pacific.)—Owns from Houston, Texas, to Denison, Texas, 338 miles; Hemp¬
Sllllck.
Directors, Oct. 1910, V. 91, p. 1095.
N. Y. office, 30 Church St.
stead. Texas, to Llano, Texas, via Austin, 215 miles; Bremond to Roes,
—(V. 91, p. 1025, 1095.)
Texas, 55 m.; Garrett to Ft. Worth. 53 m.; Mexla to Nelleva, 94 m.; other,
34 m.; total. 789 m. Successor 1893 to railway foreclosed. V.
HUNTINGDON ft BROAD TOP MT. RR. ft COAL CO.—Owns from
45, p.792, 820.
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branches, Ac.. 25 miles.
STOCK.—Stock. $10,000,000. of which the Southern Padfio Co. owned
DIVID’S.— *98. *99. *00. *01. *02. *03. *04. *05. *06.
$9,998,300. par $100. V. 76, p. 1084, 1192, 1407.
*08.*09.
*10.
In 1902-03 a dividend
of 6% was paid out of accumulated surplus.
On common....0
0000
1
-5
00000
0
V. 76, p. 1407.
On preferred ...5
7
6 5*7*73*0
5* 7
5
6
0
BONDS,—The bonds are being gradually reduced with proceeds of land
ANNUAL REPORT.—Report for 1909 was in V. 90, p. 911.
sales.
The first mortgage was for $8,634,000.
The first mtge. bonds and
the consolidated mtge. bonds may be called for
Gross.
Net.
Interest.
Dividends.
Balance.
redemption at 110 with pro¬
ceeds of land sales.
1909
See abstracts of all the mortgages In V. 52.
$659,335
$157,209
$106,190
sur.$51,019
p. 242.
Of the $5,068,000 consolidated 6s authorized $1,149,000
1908
632.933
148,522
106,190
$70,000
def. 27,668
(not Included in
the amount outstanding above) are held as part
Pres, arid Gen. Man., Carl M. Gage.—(V. 90, p. 372, 447, 911.)
security for the general 4s.
There were also June 30 1909 $450,000
Lampasas extension Interim 5s
IBERIA ft VERMILION RR —Salt Mine Juno, to Abbeville. La., 16
owned by Southern Pac. Co. or In sinking funds of
miles.
proprietary companies.
Stock, $300,000, of which $299,500 owned by Morgan’s Louisiana
In May 1910 permission was given to Issue $2,383,000 1st M.
A
Texas RR. A SS. Co. (So. Pac.).
Bonds, $322,000 first mtge. 5s, due
30-year
6% bonds on the cut-off from Mexla to Nelleva, 94 miles, and also $484,393
Aug. 1943. Year 1908-09, gross, $60,755; net, $22,576; other Inoome,
additional as required for the completion and Improvement of the
$8,291; charges. $24,346; balance, surplus. $6,524.
road.
V. 90, p. 914, 1363.IDAHO SOUTHERN RR.—See page 166.
LANDS.—The lands June 30 1909 held for cancellation of bonds consisted
of 264,832 acres; land contracts, $2,527,871.
IDAHO ft WASHINGTON NORTHERN RR.—Owns McGuire’s Station.
V. 65, p. 869.
Year 1908-09, gross, $5,911,353; net, $1,458,563; other
Ida., northerly to Cement, 103 miles; trackage Spokane to Grand Junction,
income, $41,410:
13 miles; Clagstone branch, 6 miles.
charges, $944,662; bal., sur., $555,311.—(V. 90, p. 1363; V. 91, p. 336.)
Controls Pend d’Orellle River Nav.
Co
Stock authorized, $5,000,000: outstanding, $1,078,800: par, $100.
HUDSON COMPANIES.—Inooroorated Jan. 9 1905 under laws of New
Bonds are subject to call, any or all, at 107*. from Nov. 1 1912 to May 1
York State.
Organized to build Hudson A Manhattan RR (which see be¬
1917, and thereafter at 105; in Aug. 1909 $3,090,000 bonds were offered,
low) which it controls.
The building erected at 33d St. and
Broadway,
on 103 miles.
secured
$1,643,000 additional bonds are issuable at $30,000
N. Y., and leased to Glmbel Bros., was completed June 15 1910.
V. 90.
per
mile of additional road. V. 89. p. 411. For year 1908-09, gross. $294,p. 1614, 234; V. 88, p. 748, 1127.
018; net, $88,205; int. on bonds. $76,500; bal., sur., $11,705. Pres. A Treas.,
Ownership of equities in N. Y. City property is stated to be
$4,500,000. F. A. Blackwell. Offioe, Coeur d’Alene, Idaho.—(V. 89, p. 411.)
CAPITAL STOCK.—Auth. and outstanding, $16,000,000
pref. and
ILLINOIS CENTRAL RR.—(See Map.)—ROAD.—Operates from Chi¬
$5,000,000 common; par $100. Pref. stock to receive 7% cumulative divi¬
cago. Ill., southerly to New Orleans, La., 912 miles, and westerly to Sioux
dends and also entitled to one-fourth of any other dividends.
City. Ia., 509 miles, with numerous branches, viz. (*whlch see):
Secured Gold Notes Sep. 1 1910 (V. 87, p. 1010).
Rond owned in fee—
Mites.
Leased—-Control owned—
Miles.
Date—
Interest. Outstanding.
Price at Which Callable.
Maturity.
Mem., Tenn., to Grenada, Miss. 100
Chicago to Cairo, Ill—1
Oct. 1908
6 A-O $9,424,000
Oct. 15 1911 Par and interest
706 Yazoo A Mississippi Val. RR.,
Centralis, Ill., to EastVMaln
Aug. 1909
5 F-A 3,000,000
Aug. 11912 Par and interest
Dubuque, Ia
J stem.
Memphis to N. O. and brs
1,370
Feb. 1910
6 F-A 1 ,323, 00
Feb. 1 1913 Par and interest
Dubuque
A
City*
760 St. Louis Alton A Terre Haute. 239
Sioux
Authorized am unt, issue 1910, $11,000,000. for refunding,
Entire stock owned—
Ac.; out¬
Springfield to East St. Louis.
standing Sept. 1 1910, $10,323,000. V. 90, p. 502.
III. (V. 71, p. 547)
98 Branches, Ac
1,082
Holders of the notes of the issue of Oct. 1908 have the
option of taking
Peoria, Ill., to Evansville. Ind.,
Trackage &o
171
payment at maturity, or when called, in first mtge. bonds of the Hudson A
with 6-mile branch
234
Manhattan RR. Co., at price of 85 and Interest, and of the notes
of
the 1909
Leased—Control owned—
Total system June 301910
5,944
and 1910 issues at 95 and interest.
All the notes are secured by pledge of
Chicago St. L. A N. O. RR.,
Of which earns, kept separate—
H. & M. RR. Co. 1st mtge. 4H% bonds,
due 1957. at rate of $1,500 of
Ca ro. Ill., to New Orleans...
Yazoo
A
547
Miss.
Val.
RR.
1,370
bonds for each $1,000 note outstanding.
V. 86, p. 285, 547; V. 87, p. 87;
Line to Louisville, Ac.
-637
V. 88. p. 1194; V. 89. p. 1280; V. 90.
p. 447, 502.
*
* P
’
Remainder Included In earnings July 1 1910—.........
...4,574
,
gar Into common stock at $110
,
,
.. .
—
share, with provisions to
the
63
BONDS.
SATONCDK
RAILWAY
19 0.]
OOT.,
DOUBLE
TRACK
THROUGHOUT.
[VOL. LXXXXI.
RAILWAY STOCKS AND BONDS.
MUes Date
Road Bonds
RAILROAD COMPANIES
■
|For abbreviations, Ac., see note* on first page]
840
ISO
98
A SI
e
132
Text
do
dO
OUeHam A W first morteage
■
—
dO
...
goldassumed-_c*&
27.48
1807
1900
1900
Cl $71903
1005
1907
1907
1897
_
......
Fhe^reai notes
——-
...
..
...
in ter borough Rapid Transit—Stock $85,000,000—... Text
GoldM bonds $55,000,000 red 105 (text) _-Q.xc*r*
Notes $25,000,000 sec by bds cony (text) ..O.xc#r*
international & Qreat Nor—Receiver’s certs.
1,109
) FlrsSmortgage fold.....
Second mortgage gold
-F.o* 1.109
2d M ($2,000,000) formerly Inc, Ind scrip g--Me c* 1,109
Colorado Bridge bonds sinking fund...
F
Kxanic Ry of Mex—lst pref sh. 5% non-cum- ...
—
ondbrefehed shares 4%-*--—.
4% debenture stock subj to calfat'par *81,150,000
Debenture stock 7% "B" subj to call 120 non-cum
rCd at 105 after 1911 (text)
1#14
Refunding Mf25490.000 gold (see text)
Car trusts, serA, due $32,000 yearly------PeRc
Cax trusts, ser fi, due $18,000 or $15,000 yrlyJ^ePc*
•
•
.
.
.
_
l.370
...
500 Ao
100
500 Ac
500 Ac
.
.
.
.
.
.
6100
6100
6100
503
541
1868
1001
1009
1910
1804
1,000
1,000
1,000
1,000
1900
1,000Ac
The company pays
The purchased Ones 8 Hs of 1904 ($20,000,000 authorized) cover various
minor Baca acquired. Of the bonds. $14,662,000 have been issued on 748
muen dTsubsidiary branch lines purchased (of which $2,662,000 In the
treasury In October 1909), and the remaining $5,228,000 Is reserved
atmaturlty $968,000 bonds of the Kankakee A Southwestern
1921 (see bond table above), and $4,370,000 bonds of the Chicago
pledged for the collateral trust
7l. p. $88; V. 79. p. 1273,1642. 2588; V, 81, p. 1106.)
<OT»e refunding mortgage gold 4a of 1908 (authorised Issue 3110.000.000,
with tbe priyliege of Issuing316,000,000 additional to acquire the Indianap¬
olis Southern, Indianapolis, Ind., to Effingham. Ill., 177 miles) are subject
to call at 10744 and Interest on any Interest day beginning Nov. 1 1918.
See Y.97 p. 1857, 1420; V. 88, p. 295.
Cover the main line, tbo Chicago
terminals, the so-called purchased Unes, the Springfield Division, the St.
Louts Division, Ac., a total of 2,015 miles, subject to existing Issues of
bonds aggregating 361,766,000, Ind. 32,500.000 Chicago Havana A West¬
ern 5s ana Rantoul RR. 5s pledged under Hi. Cent, gold 4s of 1952.
purposesfor Which 390,000,000 Refunding Bonds Unissued Are Reserved
To retire a like amount of prior lien bonds
$61,766,000
Additional main track, tunnels and bridges, purchase of real
estate, improvements, funding of Indebtedness and other
In April 1906 filed a first tien'4 % gold *330.666'oddequip.*mtge. due Jan. 1
1923 (U. S. Mtg. ATr.Oo.. trustee). V. 66, p. 1042. 1343
GENERAL FINANCES,—On June 30 1908 there were 323,590,000
loans and bills payable outstanding.
On aooount of this Indebtedness,
shareholders of record May 12 1902 were permitted to subscribe for 314,258,008, new stock at par. In Nov. 1908 820,000,000 refunding mtge.
bonds were sold. See above. Bills payable June 20 1910, 2 00,000.
BA^NlNGS.—2mos.,I1910—.....Gross, 39,936,118; net, 82.113,809
July ! to Ang. 21.
.Gross, 9,200.889: net,
(1909
1,224,470
REPORT.-—Annual meeting Is held the third Wednesday in October.
Report lor 1909-10 was in V. 89, p. 682, 879; editorial, p. 839.
{Notinsl. Yatoodb M.V.RR.)—
1909-10.
1908-09.
1907-08.
Average miles operated
4,551
4,547
4,420
Passenger earnings
3U.881.01S 310,865,358 210,991,798
Freight earnings
38,777,758 36,003,897 35,357,811
Mail, express, Ac-11,771,290 10,276,257 11,647,118
Total earnings
Net over tax<»
Income from Investments, Ac
362,430,061 357,145,512 357,996,727
212.787,921 313,464,220 313.417,129
3,892.742
2,825,008
2,310,523
Total net income
Interest on bonds
Rent of subsidiary roads
Dividends on stock (7%)
316,680,664 217,289.238 $15,727,652
36.969.860 35,703,193 34,569,860
2,877,606
3.451,908
3.209,395
7,650,720
7,650,720
6,652,800
232,267
1,046,963
3251,149
61460,000
<400.000
7,650,095
5,720400
283,000
154400
500.000
11.000,000
1.000
Tbs Western Lines loan of 1894, see "Supplement” of Jan. 1899.
The OtXouis Division A Terminal bonds are for 215.000.000 authorised,
ef which $5,000,000 are three per cents; $2,500,000 were Issuable for Im¬
provements, equipment. Ao., and $1,499,000 are held to retire $1,400,000
underlying bonds still outstanding on the St. Louis Alton AT. H. system;
Abstract of mortgage In V. 66, p. 188. See also V. 66. p. 122; V. 71, p. 848.
DonisviUe Division A Terminal mtge. Is for $25,000,000; of the bonds
$1,112,000 were reserved to purchase the 40 m. (Cecilia br.) from Louisville
A Nashville and to retire the L. AN. bonds thereon.
Chicago St. Louis A
Now Orleans took title to the Loulsv. Dlv. and joined In making mtge. See
V, 66, p._180, for abstract; Abo "Supplement* of Jan. 1899. V. 65. p.
S87,51i;V.26. p. 133; Y. 87, p.581; V. 75. p.671.
T
3182,478
61,000 000
61*150,000
6400450
.
A
A
New York
New York City
Central Trust Go, N
Y
A
J July 1 1957
J July 1 1957
J Jan 11927
3248,634
S«
M
• g
A
A
A
A
N Nov 1 1919
8 Sept 1 1909
S Sept 11921
N May 1 1920
Office 105 B’way, N Y
Sept 1907 coup last paid
In default—See text
ay 1910 coup pfl wbdue
See text See text May28 1910 2 Vi London
See text See text Dee 11 19091%
do
do
4
do
do
M AS 15 Sept 15 1950
7
do
do
7 *08- 09
4 M *08*09
«K
6
LiUUUUU
J A D 15 Jan 11984
6 g
J
A D June 11928
Mercantile Trust Co. N Y
4 g
do
do
MAS Mch 11931
5 g
MAN To May l 1919
5 g
do
A A O TO Oct 11920
do
• g
A
J
j July 1 1939
J
A D June | 1959
«g
7
M
.
.
YAZOO A MISSISSIPPI VALLEY—Results on 1,370 miles; average.
against 1,297 In 1907-08. JJeo report at length In Y. 39. p. 989,1008.
Year—Gross.
Net (over tax). Qth.Ine. Ohgs.,Ac.
Bal.,surp.
1908-09.
.210,085 A 57 31.019.182 $1,750 $1,220,010 def .$205,078
1907—06
10493491
$>025*774
1,750
1446.083 def. 318,509
OFFICERS.—Pres., Fames T. Harahan; V.-P. and Gen. Mgr., D. L.
Park; Y.-P. and Sec., A. G. Hackstaff; Treas.. E. T. H. Gibson. General
Office, Chicago, IU.; New York office, 115 Broadway.
Directors.—Walther Luttgen, John W. Auchlndoss, J. T. Harahan.
Cornelius Vanderbilt, J. Ogden Armour, John Jacob Astor, Chas. A. Pea¬
body, R. W. Godot, John O. Shedd. A. G. Hackstaff, R. S. Lovett, H. W.
do Forest, and, ex-officio. Hon.Chas. S. Deneen. Goy.of Ill.—(Y.91,p.879).
...
ILLINOIS SOUTHERN RY,—Owns Salem to Bismarck (IncludingRiver
Transfer, 1 mile), 122,86 m; Chester branch. Missouri Jet. toChester. 10.70
m^ Rosborough branch, Sparta to Rosboreugh, 6 m.; total owned, 188.56
A4 leases Ill. Cent, trackage, Brandi Jet. to 1.0. Jet.. 2.75 m.; total, 14141
m.
Successor June 1 1900 of the Centralis A Chester RR., foreclosed.
V. 70, p. 1048; Y. 71, p. 20.
Stock, own., 84.000.000; 0% com. pref.,
81,000.000; par, 3100. all Issued. Or the bonds, $400,000 was reserved
for lraprov. and equip, at not over 8200.000 yearly. Y. 79, p. 500.
Of the
bonds, 82,000.000, with $2,400,900 com. and $1,000,000 pref. stock, was
lnduded in the collateral turned over to the Chicago banks In Jan. 1010
settlement of the Walsh notes. V. 90, p. 167.
REPORT.—For year ending June301910, cross, 3878491; net. 373.285.
In 1908-09, gross, <302,517; net, 880*476.
In 1907H06rgralS, $345,852;
net, $78,211; tnt. and taxes, 8242,417; tal., def., $1704087 Fires., E: K.
Bolsot; Treas., F. O. Wetmore; Aud., A. F. Williams, Office, Grand Cen¬
tral Station, Chicago, Ill.—(Y. 00, p. 1239.)
on
losses from Wabash RR., EdwardsvlUe Jot to Bdwsrdsvtlle, 14 m. Shook,
3500,000; par, $100.
Year 1909-10, gross, $1594121; net, $47450; fnt.,
taxes, Ac., $31,198; hal., 316,652.
Pres., Geo, M. Levis.—(V. 79. p. 2205).
ILLINOIS TUNNEL CO.—See Chicago Subway Co—(V. 91, p.670.)
cipal and Interest, by endorsement—sec guaranty V. 65. p. 1071.
Balance, surplus..
2-4 g J
4 g
J
• g
J
10491.000 See text M
4 g
M
2.966.052
<1,400,000
.
900v9001st mtge. bonds, oxoapt $68,000, all the $9,104,000 mtge. Incomes
Rip 410.000,000 land grant Incomes. See adv. In
^Qtoaelj&tr*Jtine 111892. add V. 54. p. 064; V. 61. p. 112.
lOMtate St. Loots A V«v Orleans 5* have their Interest guaranteed (by
endorsement) until the principal Is paid. The 2 Ha of 1897 are guar., prin¬
Replacement of equipment
Ob
2,500,000
1,726,000
2.500.000
108.000
and all but $96,000 of
are
New York
Illinois Tr * Say Bk,
4 g
6 g
810
£10
theLpulsv. N. O. A Texas (now Yazoo A Mississippi Valley RRj. $16,-
Madison A North. (281 m.). which
D Deo 1 1952
J Jan 2 1925
4,000,000
450,000
1,000
CAPITAL STOCK.—The leased line stock is secured by deposit of $10,990,000 Ckieago St. Louis A New Orleans stock. (V. 65, p. 1071.)
Stockholders voted May 18 1908 to increase the stock from $95,040,000
to 5123452400, one-half of the new stock being subscribed at par by stock¬
holders, ndstng the amount out to $109406400. V. 86, p. 981, 1529.
Tn Marsh 1910 Unkm Pacific owned $82,900,000 of the stock. V. 84,
p. 81, 192, 570: Y. 86, p. 480; V. 90, p. 700.
BITS. \ *27. *82. *29. *90 •91**99. *00. ’01.Sep.'04. *05to*09. 1910.
Oam. am I 7
7 5H 6 5 yearly 5H
6 yearly
7 yearly
7
BONDS.—CaUre bridge.
See ady. In "Chronicle,*’ May 7 1892.
Tbetrustbonds of 1886 are secured by deposit of $5,266,000 Chicago St.L.
A New Orleans consols of 1861j else by a Uen en the read.
See V. 86,p.l842.
The eettateml trust bonds of 1952 are secured by pledge with the U. S.
Trust Co. d New York of $16,260,000 5% 1st mortgage gold bonds of
subsldtaryratiroads covering 854 miles. See list, Y. 55, p. 550.
The825.000.000 Collateral tryst bonds of 1958 are secured by pledge of all
4a Of 1962. (See V.
A
A
A
11.291.*000
509 AC
the 8 months ending Oct. 811909 $589,281)
•oCgrom of the 700 miles owned In fee yearly In lieu of taxes. The Chicago
St. L. A N. O. Is leased for 400 years from July 1 1882 at 4% per annum
on lts ll0.000.000 stock deposited to secure the leased line stock.
'The entire $5,000,000 capital stock of the Central of Georgia was turned
over to the Illinois Central tn June 1909, but the road 4s operated inde¬
pendently. See that company. V. 86, p. 668; V. 88, p. 1559.
Indlaaap. South'n Ry., Indianapolis. Ind., to Effingham. Ill., 177 m . is
wnnedbut separately oper. V. 78. p. 2442; V. 79. p. 722.968; V. 85, p. 798:
IMS due
J
J
A
F
J
25,000.000 0 In 1910
O—J
Oct 1 1910 2M Belmont A Co, New York
5 g
M A N Nov 11982
13,052,000
185 Broadway
21,972,000
MAN May 11911
Guaranty Trust Co, N Y
1,000 Ac
1,000 Ac
to the State of Illinois 7% (for
to retire
115 Broadway .New York
do
do
do
do
H gJ
3 g
8 g
Fidelity Trust Co, Phlla
929.000
«Mg MAN May 11926
02,202,192
45.740.000 See tnt
Q—J July 11907 1H
1,000 Ao 07425,000
Windsor Trust Oo. N Y
4H g A A O Apr 11956
1,000 Ao AseoUateral
5 g
J
A
J July 11911
0
2.549,400
July 11911
0
4,000.000
J
A
J Jmyl 1915
....
2d
A
J July 11952
A Aug 11951
J Jan 11951
3
100
100
....
.
Dividend* are Payable
1,000
...
..
Last Dividend
and Maturity
........
1007
1003
1908
1870
1881
1892
1830
....
Payable
1.000.AO
....
....
When
%
1,000
...
—
BISTdRY, LEASES, Ac.—Chartered In Deo. 1850.
1907
1907
1910
'
Ora trust notes $15,000400 gold call 102.....Me,c
MMsnt trust notes extended In 1008 and 1910--
Rats
1,000
r
_
Amount
Outstanding
8500 Ao $28488.000
1,000 Ao 8,000,000
51400
8485.000
oux
j, iowa-^ Chicago Ind A South
Louisville—-See Chicago Indianapolis A Lou lsvine
93 1680
.1—1st M gold • f not Pliable
FP.c*
Met Co—Com stock $100,000400 auth% cum (also prefas to assets) $55,000,000
1000
ponds gold seo by IntR T stock
©*Ar
-
Value
INDIANA HARBOR BELT RR —Owns Whiting. Ind., to Blue
island.
Hi.. 14.4 miles; McCook to Franklin Park, Ill., 11.2 m.; Argoto Union Stock
Yards, Chtogo, 104 m.; State line to GrasseUi, Ind., 54 m,; branch. 14 m.;
total owned, 424 m.; operates Jointly Chicago Term. Transfer RR., Blue
island, IU., to McCook, 134 m.; misc. trackage, 50,1 m.; total, 100.8 m.
Nov. 11907 acquired Chic. June. Ry.
Y. 88, p. 1270.1200; V,86,p. 108.
Stock outstanding. $2,450,000, aU owned by Lake Shore A Midi. Son.
and Mich. Omit., which guarantee the bonds.
Of the bonds ' $25400,000
authorised issue). $2,500,000 .are reserved to retire the Chlo. Ham. A
Western 0s and $725,000 were Issued to retire the Midi. Central and Term.
RR. Joint 4s and $1400,000 for additions and betterments.
The $2,500,000
bonds Issued In payment of Chic. June. Ry. hear Interest at 2% yearly
from July 11007 for 5 years, then 3% for 5 yrs., then 4% to maturity; Y. 80.
103,—(V. 85, p. 1270; V. 86, p. 108.)
INDIANAPOLIS UNION RY.—Owns 3.23 miles of yard tracks and
sidings, .93 of a mile of road with terminals at Indianapolis. Ind., and
p.
leases for 909 years the Belt RR. of Indianapolis—9.40 m. (which see).
dev. Cincinnati Chicago A St. Louis, the Pittsburgh Cincinnati Chicago A
St, Louis and the Vandalia RR. are virtual proprietors, they having In¬
vested In It 31425,028 to Deo. 81 1009. No stock outstanding.
EARNINGS.—In 1909, gross. $1,098,013; total deductions, $1,051,525;
hal., sur., $48,433.—Y. 83. p. 213.
1NTERBOROUOH-METROPOLITAN CO.—ORGANIZATION.—Inoor
Eorated
on Jan. 24Rapid
sa amalgamation
(per plan Y.
62.P.217,280)
of
1908 as
lie Interborough
Transit
Ry
Oo. and Metropolitan
Street
In Feb.
1907 $83,912400 of
the 335,000400 stock of the Interb. Rapid Transit Co.,
$42,740400 of the $52400400 Metropolitan St. Ry. stock and $29472,100
of tbo $30,000,000 stock of the MetropoUtan Securities Co., Its bolding
company had been acquired.
Y. 82. p. 692. See lntcrborough Rapid
Transit Co. below and Metrop. St. Ry. tn "Eleotrlo Railway" Section
Favorable decision. Y. 85. p. 99. 654.
In Sept. 1907 receivers were ap¬
pointed for Metrop. Street Ry. and of Its lessee, the New York City Ry..
whose stock Is aU owned by the MetropoUtan Securities Co. .the Metropolitan
Street Ry. dividends being suspended. V. 85, p. 792, 664; Y. 89, p. 593.
Mileage of Companies Comprising Intsiborough-MetropoMtan System.
Interborough Rapid Transit Co., sobway....
81.94 mUes
Elevated (Manhattan Railway, leased)..
..........118.03
Surface Unes owned or controlled by Interb. Rap. Tran. Co..154.08
New York City Railway and subsidiary companies
.....519,46
miles
miles
miles
—.....—..............873 46 miles
STOCK.—The pref. stock has voting power upon default of payment of
Total (single track)
....
Y. 82. p. 217, 280,
DIVIDENDS—Dlv. on pref.. l)4%quar., paid July 2 1900 to July 1907
Inclusive; none since to Oct 1910. Y. 85, p. 500.
VOTING TRUST.—AU the common stock is deposited under a voting
trust agreement to Moh. 6 1911, subject to termination In the discre¬
tion of the voting trustees, viz.: August Belmont, Walter Q. Qakman,
Thomas F. Ryan, Cornelius Vanderbilt and Peter A. B. Wldener.
BONDS.—The collateral trust 4J$s of 1900 (Windsor Trust Go., N. Y..
trustee) are secured by pledge of aU the stock of the Interborougb
Rapid Transit Co. or voting Vust certificates therefor aoqulred at the rate
of $1,000 in bonds for $500 Interborough Rapid Transit stock, V. 52. p. 280.
A 8500,000 5% mtge. due in 1911 covers property in 218th St.
V. 83. p. 95.
The ooU. trust 5% notes of. 1907 extended In 1910 ($15,600,000 auth.
Issue) can be issued only pro rata as the collateral mentioned (Y. 54, p.
1248) In the deed of trust is deposited.
OoUateral may be withdrawn on
deposit of an amount of cash as fixed by the deed of trust or additional notes
of MetroDOlltan Street Ry.
There are $2,549,400 6% notes (extended) due
July 11911. V. 85. p. 1401; V. 86. p. 1285: V. 90, p. 1491.
In July 1910 $4,000,000 notes were sold ta settle litigation on account of
stock liability In Metropolitan Securities Co.
V. 91, p. 38.
dividend thereon.
OOT., 1910.]
RAILWAY STOCKS AND BONDS.
65
MAP OP THE'
BQHnois central
°
SYSTEM.
66
RAILWAY STOCKS AND BONDS.
REPORT.—Report of holding
company for year ending Deo. 31 1909
Total receipts. $3,342,581; Interest, taxes, Ac.t
balance, deficit. $29,335.
Comtttned Operations—Interborough Rap. Tran. Co. and N. Y. City Ry.
was
1903-07.
1905-06.
$43,353,841
21,841,884
$40,693,371
21,044,613
Inc. $2,360,170
Inc.
797,368
Net earnings
Other income
.$21,511,957
1,187,464
.19,649.155
1,215,781
Ino. $1,862,802
Dec.
28,317
Int. (4X%)
$22,699,421
$17,956,552
3,150,000
666,368
2,273.990
$20,864,936
$16,766,926
s
11.834,485
11,189,626
350,000
2,973,520
2,273,990
Operating
expenses
...
Metrop. St.
.
a2.800.000
3.639.888
^
Changes.
Hil
i
Deficit
$2,341,878 Dec. $994,389
$1,347,489
'Excluding Metrop. special franchise tax In litigation, a Dividend.
OFFICERS.—Pres., T. P. Shonts; V.-P., J. B. McDonald. Office. 186
Broadway, N. Y.—(V. 88, p. 1372; V. 90, p. 234.1491; V. 91, p. 88. 790.)
INTERBOROUGH RAPID TRANSIT CO.—(See Map.)—Incoromated
May 6 1902 In N. Y., and is now operating municipal tunnel RR. In N. Y.
City, extending, with two tracks, from Battery to City Hall, and as a fourtrack line from the City Hall (with two-track loop at that point) under new
Elm St., Fourth and Park aves., to 42d St., thence under 42dSt.andBroadway to 103d St.; also as two-track lines, partly viaduct, (a) from 103d St.,
on the West Side, to Van Cortlandt Park, (6) from 103d St. to the East Side
and Bronx Park.
Extension (two-track) under the East River via Fulton
and Flatbush avenues to Atlantic Ave., Brooklyn, 2 X miles, there connect¬
ing with the Long Island RR., was opened May 1 1908. Total, about 82
m. of track (Incl. 9 m. sidings, Ac.) on 25 X miles of road (of which 18 X
subway and 7 elevated); leases Manhattan (Elevated) Ry., 118 m.; surface
lines owned or controlled, 155 m.; total, 355 miles.
V. 77, p. 827; V. 80,
p. 222, 1912; V. 84, p. 1306; V. 85, p. 600, 654, 1005; V. 86, p. 108, 1100.
ALLIES.—Has agreement with N. Y. City Interbor. St. Ry., controlled
by allied Interests. 8 m. operated. V. 80. p. 117, 1175, 1479; V. 82, p.
868,1268; V. 86, p. 1100.
Controls Subway Realty Co. V. 82, p. 218, 513.
Owns stock of N. Y. A Queens County Ry.. 74 miles, and (Jointly with
Long Island RR.) the N. Y. A L. I. Traction Co., 66 miles. V. 80, p. 2821;
V. 83, p. 818; V. 86, p. 1100.
In Oct. 1910 decision was pending on company’s offer to turn over to the
city the title to the Steinway tunnel (N. Y. A L. I. RR.), In consideration
of the right (a) to operate It (when completed) on same terms as the sub¬
way north of City Hall; (6) to third-track the elevated lines, Ac.
V. 91,
p. 870, 913; V. 89, p. 1069; V. 90, p. 1554, 1614.
Pelham Park Ry. and
City Island RR., see security holdings, V. 83, p. 155.
CONTROL.—In Deo. 1907 $33,912,500 of the $35,000,000 stock had
been exchanged tear 200% In 4 X % collateral trust bonds of the Interborough
Metropolitan Co. (which see above), secured by the stock exchanged.
CONTRACTS.—Contract with city called for the construction of the road
from City Hall north for $36,000,000 and Its lease to the company for 60
years from completion, renewable for another 25 years, the rental to be
equal to the Interest on the city’s bonds Issued for construction (but not for
easements, dsc.) and a sinking fund of 1 % yearly to retire the bonds.
See
provision V. 82, p. 1167. In Deo. 1907 $5,934,798 was allowed for extra
construction.
V. 85, p. 1461.
The company also at Its own expense pro¬
vided the electrical equipment (costing over $26,000,000; see V. 82, p.
452).
For contract see V. 89, p. 1063.
The extension from City Hall
Manhattan to Brooklyn was built without aid from the city
except about
$4,000,000, and leased for 35 years with privilege of renewal for 25 years.
V. 86. p. 196; V. 75, p. 184, 1086, 1202.
See V. 76. D. 101, 1234.
DIVIDENDS.—July 1904, 2%; 1905, 8 54%; 1906. 8X%: 1907 to Oct
1910, 9% yearly (Q-J).
BONDS AND NOTES.—$55,000,000 mort. bonds, dated 1907. are
Surchasable at 105 and lnt. by a yearly sinking fund of $300,000, beginning
Tov. 1 1910, and also subject to call on any Interest day at the same price
In amounts not less than $1,000,000.
The proceeds to be used to provide
tor the $35,000,000 notes due 1910 and 1911, and future requirements.
In
July 1909 the $10,000,000 bonds reserved to retire the notes due March 1910,
which were called for payment on Sept. 1 1909, were sold.
V. 89, p. 41,
.103.
The bonds are secured by all the real estate and power houses, lease¬
hold interest in the subway. Manhattan Ry., stocks and bonds owned,
advances to other co’s and other property; total cash cost, $54,095,419.
The $21,973,000 3-year 6% notes dated
May l 1908, are secured by
deposit of $28,030,800 of above bonds, Into which they are convertible at
the option of the holder to Nov. 1 1910 at the rate of 99 In collateral notes
for $100 In bonds on 5 days’ notice.
The deposited bonds may be with¬
drawn after Nov. 1 1910 on payment In cash or at least 83 1-3% of the face
value.
V. 86, p. 1100, 1042, 981; V. 87, p. 1479, 1610; V. 90, p. 1170.
REPORT.—Report for year ending June 30 1910, V. 91, p. 713. Results
prior to 1908-09 are made up according to previous method of accounting.
Year end. June 30—
1909-10.
1908-09.
1907-08.
1906-07.
Gross oper. revenue
$28,987,648 $26,524,394 $24,059,299 $22,363,802
Operating
expenses
Taxes
Income from oper
$11,013,143 $10,747,443 $10,722,694
1,750,422
1,799,807 r 1,586,466
$9,593,331
1,377,965
Non-oper. income
$16,224,083 $13,977,144 $11,750,139 $11,392,506
411,024
1,001,775
1,220,170
815,833
Gross Income.
Total deductions..
Dividends (9%)
$16,635,107 $14,978,919 $12,970,309 $12,208,339
$10,552,960 $10,389,096
$9,269,650 $8,491,895
3,150,000
3,150,000
3,150,000
3,150,000
Surplus
$2,932,147
$1,439,823
$550,659
$566,444
DIRECTORS.—August Belmont
(Chairman), Alfred Skltt, Andrew
Freedman, James Jourdan, John Pierce, Geo. W. Young, Wm. A. Read,
Cornelius Vanderbilt, Edward J. Berwlnd, Edwin Hawley, H. M.
Fisher,
Gerald L. Hoyt, Theo. P. Shonts, F. de C. Sullivan, New York; and Gardiner
M. Lane. Boston.
Pres., T. P. Shonts; V.-P., Frank Hedley, David W.
Ross; Sec., H. M. Fisher; Treas., John H. Campbell.
Office, 165 B’way.
New York.—(V. 90, p. 499, 976, 1170; V. 91, p. 94, 271,
713, 870.)
INTERNATIONAL & GREAT NORTHERN RR,—(See Map Missouri Pa¬
cific.)—Longview, on Tex. ds Pao.(near Shreveport. La.), southwesterly
Houston and
to
Galveston, also to Laredo, Tex., on Mex. National RR.. and
Spring northerly to Ft. Worth; total July 1909, 1,159 miles, viz.:
Lines owned—
Miles.
Joint trackage—
Miles.
Longview. Tex., to Laredo
494 Galveston Houston A Henderson
Palestine to Houston. Tex
150
with
M.
E.
(jointly
A T.)
50
Mlneola, Columbia, Ac
121 Other lines
Z6
Fort Worth to Storing
261 Houston, Oak Lawn A Magnolia
Navasota to MadlsonvUle.
47
Park Ry
io
ORGANIZATION.—Stock authorized Is $25,000,000; outstanding. $9.755.000; par, $100; controlled In Interest of Missouri Pacific.
,
,
RECEIVERSHIP.—On Feb. 26 1908 Thos. J. Freeman was
appointed re~
oeiver.
The March 1908 coupons on 2d and 3d
mtge. bonds were defaulted,
a large amount of earlier coupons on 3d mtge. bonds also
remaining unpaid,
as well as a large amount of unsecured
floating debt.
Foreclosure sale under 2nd M. has been adjourned to
May 16 1911 on
account of Texas legislation giving a preference to unsecured debt.
V. 91
p. 463, 589, 655, 871, 945.
Receiver’s ctfs., $340,000 6s ($240,000 since re^
tired), were auth. to pay lnt. due May 1 1908 on 1st M. bonds.
V. 87.
p. 812.
Receiver’s ctfs. outstanding March 31 1910, $100 000. Judg¬
ments, $4,929,098, entered May 14 1908. V. 86, p. 1285.
2nd M. Bondholders' Protective Committee.—A committee
consisting of
W. Emlen Roosevelt, Edgar L. Marston and H. K.
Pomroy of New York
and John W. Hamer of Philadelphia (Farmers’ Loan A Tr.
Co., depositary),
early in 1908 requested deposits of 2d mtge. bonds. In 1908 most of the
$10 391,000 2d mtge. bonds had been deposited. V. 86, p. 1042,1343,1425.
34 M. Bondholders' Committee.—A committee (Alvin W.
Krech, Chair¬
LXXXXI.
Years—
Cross.
Net.
Other Inc. Chges., Ac.
Balance.
$8,097,939 $1,499,794 $46,521 $2,712,583 def.$1,166,268
1907-08
6,922.268
363,560
66,444
*3.890.468
def.2,460,464
1906-07
8.826,957 1.950.008
4.630
1,780,811
173.727
*
Indudes joint facilities. $67,513, and hire of equipment, balance. $240,130, and $272,402 for add’ns and betterments.—(V. 91, p. 871, 945.)
in V. 90, p. 234
$3,372,213;
Year end. March 31—
Gross earnings
[VOL.
INTEROCEANIC RY. OF MEXICO. LTD—See page 165.
IOWA CENTRAL RY.—(See Map.) —Operates Peoria, Ill., west to Oskaloosa, la;, thence northerly to Albert Lea, Minn., forming a through line
via Minn. A St. L. RR.,
from Peoria. IU., to St. Paul, Minn., 558 miles, viz.:
Owns—
Miles.
Leases—(stock owned.)
Miles.
Iowa Jet., IU., to Manly Jet.
Ia. C. A W., Belmond to Algona. 37
Iowa
363 Track, Iowa Jet. to Peoria
3
Branches to Belmond, Ac
127 Manly Jet., La., to Albert Lea,
Minn, (owned Jointly)
28
HISTORY.—Reorganization (by plan In V. 44, p. 653) of the Central
lowa. soui In foreclosure In 1887-88.
In 1900 Minneapolis 8s St. Louis Inter¬
ests obtained control
through purchase of common stock
V. 70, p. 1249.
...STOCK—Com., auth., $11,000,000; Issued. $8,524,683. Pref.. author.,
$7,400,000; Issued, $5,674,771. The pref. Is entitled to 5% (non-cum.),
then com. to 5, then both share pro rata.
V. 62, p. 548.
Par $100.
DIVIDENDS.—On pref. In 1892, 1%; 1899, 3; 1900, IX. none since.
BONDS.—The refunding 4s of 1901 are secured by a mortgage on the entlre property now owned or hereafter
acquired, subject to the $7,650,000
first 5s. for which an equal amount Is reserved.
The balance Is Issuable
for future extendlons at not
exceeding $25,000 per mile, Improvements and
78« P- 8®9.
In July 1910 $5,720,000 were sold and listed:
$996,000 additional In treasury. V. 86, p. 229, 1589; V. 87.
p. 1420;
V. 88, p. 564; V. 89, p. 163.
In 1909 sold $320,000 5% equipment trusts;
V. 88, p. 1437; V. 89, p. 1341; In
1910, $154,000; V. 91, p. 518.
EARNINGS.—12 mos., (1909-10
-Gross, $3,361,282; net, $669,415
July 1 to June 30.
U908-09-.-.-.Gross, 3,015,647; net, 454,871
ANNUAL REPORT.—Report for 1908-09 was In V.
89, p. 1341. Com¬
parisons are Inaccurate, owing to changes In accounting in two later years.
Soft-coal tonnage In year 1908-09 was 1,105,523
(47% of total tonnage.)
Year ending June 30—
1909.
1908.
1907.
1906.
Gross earnings
$3,015,647
$3,002,475 $3,132,048 $2,958,587
Net earns, (over taxes).
454.871
80L121
981.840
774;849
Tot.net rec'tsdnd.rents)
568.522
970,917
1.201.467
992,536
Interest, rentals. &c
_796,042
755,872
755.094
746,973
Balance, surolus... def. $227,521 sur.$223.944 sur.$443.595sur.$237.442
—(V. 89, p. 163, 1341; V. 91, p. 518, 790, 1095.)
4
* QUITO RY.—(3X-ft. gauge.)—Owns from Guayaquil
Quito, Ecuador, about 286 miles, with two branches, completed June
1908.
V. 81. p. 556; V. 83. p. 1170.
Stock authorized, pref., 7% cum., $5,250,000;
common, $7,033,000; par,
$100. Of the common $3,445,700 Is Class A, $3,586,300 Class B and $1,000
special voting stock held by the council of foreign bondholders, who may
appoint three directors. Class C may be redeemed at par at any time after
all bonds now or hereafter guaranteed
by Ecuador shall have been paid In
full.
V. 89, p. 1483.
The 5s (formerly 6s) of 1899 are guar., prin. and lnt.,
by the Gov’t of Ecuador, secured by a Hen. subject to that of the prior Hen
bonds, on all the customs duties, the Govt, receiving 49% of com. stock.
Late In 1908 an agreement was made for the surrender of the four
ooupons
.
to
to draw the bonds for payment at par; also for the Issue of
$2.48
6% prior Hen bonds having a preferential mortgage on the road and customs
revenues redeemable by a sinking
fund of 2 X % at par or as a whole at 105,
the Interest on the general aeries bonds being reduced from 6 to
5%. After
the payment of the prior Hen bonds the Government is to continue to
pay
5% and 1 % sinking fund. The holders of the general series bonds received
$100 per $1,000 bond In non-lnt.-bearlng certfs. V. 87, p. 1478; V.88. p. 564.
Pres.. Archer Harman; V.-P., T. H. Powers Farr, New York: Sec. and
Treas., John J. Glnnane. N. Y. office. 33 Wall St.—(V. 90, p. 1170.)
JACKSONVILLE TERMINAL RY.—Owns union freight and passenger
depots and terminal properties at Jacksonville, Fla.. Including 23 miles of
track used by Atl. Coast Line RR., Seaboard Air Line. Florida East Coast
Ry.. Southern Ry. and Georgia Sou. A Florida Ry., the five companies
first named guaranteeing by endorsement the prin. A Int. of above bonds
and owning entire stock.
The five cos. each guar, one-fifth of the lnt. under
rentals and meet expenses on wheelage basis.—(V. 71, p. 135.)
JAMESTOWN FRANKLIN ft CLEARFIELD RR.—Owns from James¬
town, Pa., on the Lake Shore A Micb. So., to BrookvUle, Pa., 99 miles;
branches, 25 m.; trackage to Clearfield, Pa., 54 m.; total, 178 miles.
Controlled by Lake Shore A Michigan Southern.
A consolidation In 1909.
V. 88, p. 506, 1002.
Leased to the Lake Shore A Mich. Sou. from April 1
1909 for the term of the corporate existence and renewals, rental
covering
Interest on bonds and 5% yearly on $3,000,000 stock (all owned by Lake
Shore), payable quarterly (Q.-J.)
Of the 4s of 1909, $11,000,000 guaran¬
teed by the Lake Shore were Issued to retire outstanding debts and bonds
and remaining $14,000,000 reserved for extensions and Improvements.
V. 90, p. 167, 697.—(V. 90, p. 167, 697, 1554.)
JEFFERSON RR.—Owns Lanesboro, Pa., to Carbondale, Pa.,37 miles,
double track; branch, West Hawley, Pa., to Honesdale, Pa., 8 miles. Leased
In perpetuity to the Erie RR. Co. for $140,000 per annum for main Une
and $14,940 for branch. Used by Delaware A Hudson to reach Carbondale.
Stock, $2,095,450; aU owned by Erie RR.—(V. 87, p. 1479.)
JONESBORO LAKE CITY & EASTERN RR.—Owns Jonesboro to Barfield. Ark., 67 miles; Osceola Jet. to Osoeola, Ark., 20 miles. Stock,
$600,000. Bonds ($1,000,000 authorized Issue), Bank of Commerce A
Trust Co., Memphis. Tenn., trustee
For year ending June 30 1909 gross,
$151,976; net, $30,931; charges, $30,942; dlvi ends, $5,850; bal., def..
$5,862. Pres., E. F. Brown. Office. Jonesboro. Ark.—(V. 81, p. 1665.)
JOPLIN UNION DEPOT CO.—Has under construction on 26 acres owned
at Joplin, Mo., a union freight and passenger station and terminals, to be
used by the Atch. Top. A S. Fe, Kansas City Sou., Mo. Kans. A Texas
and Mo. A Nor. Arkansas, which jointly own the $40,000 stock and
jointly
and severally guarantee the bonds, prin. and lnt.
Of the bonds ($750,000
auth.), $500,000 sold; Philadelphia Trust, Safe Deposit A Insurance Co.,
trustee.
Total stock authorized, $500,000.—(V. 90, p. 502, 627.)
KANAWHA & MICHIGAN RY.—(See Map Toledo A Ohio Central.)—
Owns Corning, O., to Gauley on the Ches. A Ohio, 177 miles, less 18 miles.
Pomeroy to GalUpolIs, and 1 mile, Athens to Armltage, where Hocking
Val. Ry. tracks are used.
Also owns branch of 11 miles leased to Toledo
A Ohio Central and Col. Sandusky A Hocking Ry. companies.
HISTORY, Ac.—Reorg. In April 1890 of K. A O. Ry. foreclosed (See
V. 50, p. 451, 483.)
In 1890 a majority of stock ($4,600,000) was acquired
by Tol. A Ohio Cent., which guaranteed the bonds, prin.'and lnt., but In
Mch. 1910 was sold to Chesapeake A Ohio and Lake Shore ds Mich. Southern
jointly, $3,454,200 of the $4,400,000 minority stock having to June301910
agreed to accept $72 per share, less 1 X% commission. The same Interests
la Oct. 1910 acquired an additional blockJsald to amount to about $300,000.
V. 90, p. 771, 849, 977, 1425; V. 91, p. 276, 1095.
(See V. 52. p. 165, 351.)
Capital stock $10,000,000, $1,000,000 in treasury July 1909.
LATEST EARNINGS.—J1909-10
Gross, $2,082,898; net, $577,015
9 mos., July 1 to March 31.11908-09
Gross, 1,634,264; net, 284,155
Surplus over charges, 9 months, $471,441, against $156,266sur. In 1908-9.
REPORT.—Report for year 1908-9 was In V. 89, p. 718, showing,
gross, $2,127,637: net. $315,822; oth. Inc., $100,011: Interest, taxes. Ao.,
$281,316; betterments, $118,468; bal., sur., $16,048.
New directors
Mch. 1910, V. 90, p. 849.
President, F. B. Sheldon.—(V. 91, p. 1095.)
KANAWHA ft WEST VIRGINIA RR.—To extend from Charleston, W.
Va., to Belva on the Gauley River. 55 miles, of which 39 miles completed,
balanoe under construction.
Controlled by same Interests as Blue Creek
Coal A Land Co., owning 44,000 acres of ooal and timber land In Kanawha
County. Stock authorized, $5,000,000; par of shares, $100. Of the $5,000,000 authorised 1st 5s, (Scranton Trust Co., trustee), $1,000,000 have
man^ Equity. Co., N. Y., depositary) In May 1910 requested deposits.
BONDS.—The 2d mfge. lnt., scaled to 5%, upon default reverted to
6%
formerly. V. 73, p. 445. June 30 1909, car trusts. $838,983.
EARNINGS.-—2 mos., (1910
Gross. $1,407,334; net, $288,990
July 1 to Aug. 31.
(1909
Gross.
1,190,983; net,
122,954
For fiscal year 1909-10, as reported to I. C.
Commission, gross, $8,566,865;
net, $1,517,078. against $1,499,793 In 1908-09.
as
V. 84. p. 339. Pres., Edward S. Jones; V.-P., W. A. MaoOorkle; Treas.,
Thos. E. Jones; Sec.. Wm. D. Boyer.—(V. 84, p. 339.)
KANSAS CITY CLINTON ft SPRINGFIELD RY.—Owns from Olathe.
Kan.,to Ash Grove,Mo.. 154 miles; Raymore Jot. to Pleasant H1U, Mo.,
8 m.; total, 162 miles.
Stock. $1,775,400.
Bonds were guar, by the Kan.
City Ft. Scott A Mem. RR. (old co.). Cal. year 1909, gross, $342,659; net.
Oct., 1910.]
RAILWAY STOCKS AND BONDS,
67
68
RAILWAY STOCKS AND BONDS.
[VOL.
LXXXXI.
70
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Miles
Road
Jefferson—1st & 2d Ms ext In '87 A *89 (H’dale Br) __c
1st M C&rb to S depgext 1908 red 105 gu pAl-FP.c*
Date
Bonds
1905
1906
1,000
1,000
162
1885
1.000
3,192.000
a9U
160
26
715
82
3
285
285
285
21
1901
1879
1882
1888
1887
1889
1894
1894
1894
1902
1905
1905
1901
1903
1,000 Ac
22,881.000
2,055.300
15
164
——
due oart semi-annually
-
35
—
Equipment notes Series A due 585,000 seml-ann
do
Ser B 585,000 due s-a (V 81, p 1044) — Ba
Kansas City Mexico & Orient—1st M gold (see text).
Kansas City Outer Belt & Electric--1st M $3.000,000g
8
Kansas City Southern—Pref stk 4 % n-c $21,000,000.
First mortgage gold $30,000,000
Me.o Ar
Ref and lmp’t M $21,000,000 gold red 105 xc * 8sr N
Equipment notes gold red par due $72.000 s-a
N
do
do
gold ser B red par $30,000 s-a
b Includes $287,000 held alive In sinking funds.
oAlso covers majority of stock of Kansas City Mem phis &
^
^
^
_
„
•
-
-
_
—
_
—
$300,000 4X A 6 J
2.800.000
5 g
A
500,000
500.000
750,000
2,469.000
2.500.000
550,000
276,000
159,900
1,000
160,000
1,000,000
64.000
5 g
M
4X g M
5
4
5
5
5
5
5
5
5
g
g
g
g
5 g
Old Colony Trust, Boston
es
—
500 Ac
500 Ac
500 Ac
13,736,000
1,606,000
b3,000.000
3,323,390
369.780
5,953.00 i
1,000
1,000,000
585,000
1,000
1,000
1,000
850.000
See text
100
-
1900
1909
1905
1906
390.000
1,000 Ac
1,000 Ac
1,000
KANSAS CITY FORT SCOTT & MEMPHIS RY.—{See Maps Rock Island
Co.)—Operates Kansa City, M >.,to Memphis, Tenn.,and branches, 914 m..
Also has a controlling Interest In stock of the K. C. Mem. 8b Blrm. RR.,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch, 285
miles, and of Kansas City 8b Memphis Ry. 8b Bridge Co., owning bridge
across Mississippi River at Memphis, 3 miles.
Total, 1,201 miles.
ORGANIZATION.—Incorporated on June 14 1901 and Is vested with
the property of the former Kansas City Ft. Scott 8b Memphis Railroad', also
controls other mileage. ^ V. 72, p. 1237.
See V. 72, p. 438, 532, 675, 988.
The St. L. 8b San Fran. RR. owns the entire stock and leases the road, guar¬
anteeing the bonds of 1901, prln. and lnt.. and 4% on pref. stock trust certs.
STOCK.—Common authorized, $45,000,000; outstanding. $15,000,000,
all owned by St. Louis 8b San Francisco RR.
The pref.stock ($15,000,000
authorized, of which $13,510,000 Is outstanding, par $100) Is deposited In
escrow, and against It are Issued trust certificates of the St. L. 8b Sain F.
RR.,
the latter having the option to retire the certificates at any time at
par,
and obligating Itself to pay off the whole Issue In 20 years from date
(Oct.
1901), and meanwhile to pay quar. 1% thereon.
See V. 72, p. 1238.
BONDS.—The refunding bonds of 1901 (limited to $60,000,000) are
secured by all property now owned,
or hereafter acquired with the pro¬
ceeds of the refunding Issue.
Of the bonds, $22,881,000 were oustandlng
July 1910, $29,012,270 were reserved for exchange against the face amount
of underlying bonds, and the remaining $8,106,730, 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 mile thereof.
As to guaranty, see ‘‘organization,’* above.
V. 75, p. 853.
See V. 87,
p. 414; V. 91, p. 38, 154.
In 1910 the K. C. Ft. Scott 8b Mem. Ry.had guaranteed the lnt.
on all
except $369,280 of the $6,322,780 K. C. Mem. 8b Blrm. Income bonds, be¬
ginning March 1, the bonds so guaranteed being stamped with a provision
making them subject to call at any time within 10 years from Sept. 1 1902
at 95 and Interest.
V. 74, p. 477, 577.
Birmingham Belt bonds are guaranteed, principal and Interest. Jointly by
Kansas City Memphis 8b Blrm. and St. L. 8b San Fran. V. 75.
p. 1147.—
(V. 87, p. 414; V. 88. p. 1061; V. 89, p. 163, 1101; V. 91, p. 38, 154.)
(THE) KANSAS CITY MEXICO & ORIENT RY.—(See Map.)—Mileage.
—The road when completed will extend from Kansas
City, Mo., to Topolobampo, Mex., 1,659 miles, with a cut-off from San Angelo, Tex., to Del Rio,
Mex., 160 miles, connecting there, as well as at Chihuahua, Mex., with
Mexican lines for Mexico City.
Mileage Completed and in Operation—All Standard-Gauge Steel Rails.
Wichita, Kan., to San An¬
Trackage—
gelo, Tex
509.94 Chihuahua 8b Pac. RR. Co.—
Chihuahua to Falomlr, Mex. 87.73
Chihuahua to Mlnaca, Mex. 125.00
Mlnaca to Sanchez, Mexico
75.48
Topolobampo to Hornillos,Mex.74.76
Total mileage (rail, 70 and 80 lbs. In Mexico. 70 8b 75 lbs. in U.
S.) .872.91
Contracts have been let for grading on main line south of San
Angelo.and
on branch from San Angelo to Del
Rio, on the Rio Grande River, 160 miles.
Work has begun and will be pushed as fast as
possible. Total sidings
(April 1910). 81.72 miles.
Reports of experts, prospectuses, 8bc., V. 90, p. 105, 110; V. 86, p. 668;
V. 83. p. 95. 1411; V. 75. p. 1253.
The Kansas City Outer Belt 8b Electric RR. (see that
co. below) will,
when completed, afford terminal facilities and an entrance
Into Kansas City.
V. 76, p. 331; V. 80, p. 871.
_
HISTORY.—Incorp. under laws of Kansas April 30 1900 and operates
In Mexico under the Kansas charter, legalized
by the Mexican Gov’t. The
first rails were laid In 1902.
From Kansas City to Lone Wolf.
Okla., is
being built under contract by Union Construction Co. (of Dela.) and
from
Lone Wolf, Okla., to
Topolobampo,
Mex.,
by
International Construction
Co. of Dela. (charter legalized In Mexico).
Steamship Contract.—A contract with the Hamburg-American SS. Co.
provides for Trans-Pacific service upon completion of road to
Topolobampo.
Equipment June 30 1909.—Locomotives, 67; cars, passenger
38;
freight, 1,928; service, 77. Of this equip., 49 locomotives andservice,
1,933 cars
are held under par trusts.
STOCK.—Authorized, $20,000 per mile each In common and 4% noncum. pref. stock; outstanding, June 30
1909, pref., $12,500,000; com., $10,718,125.
Par value, $100.
In June 1909
Increase to $37,500,000 each of
and pref. stock was authorized.
Stock is held In a voting trust
until Jan. 1 1917, the voting trustees being: A. E. S til
well, W. W Syl¬
vester, W. A. Rule, W. S. Woods, Kansas City, Mo.; Robt.
H. Law,
Chicago. Ill.; Douglas J. Neame, Harold D. Arbuthnot, Lewis
Rendell,
BaronjBoxall and H. J. Chinnery, London, Eng.
V. 83, p. 1411.
Trans¬
fer office, U. S. 8b Mexican Trust Co.:
Registrar, Commerce Trust Co
both at Kansas City. Mo
BONDS.—The funded debt consists of 1st M. 4% 50-year
$1,000 gold
coupon bonds due Feb. 1 1951, as shown In table above.
Trustee, U. S. 8b
Mex. Tr. Co., Kansas
City,
Mo.
Auth.
Issue
Is
$22,500
mile
of single
per
main track, $15,000 per mile of yard and terminal
track and $12,000 per mile
of double track; also $2,500,000 for extra work in the
Sierra Madre Moun¬
tains, $5,000,000 for terminal facilities at Kansas City or
Topolobampo
or both, and $10,000,000 for future
requirements ana additional rolling
stock, at not over $1,000,000 yearly, beginning Feb. 1 1906.
Of the $16,484,000 bonds Issued June 30
1909, $3,500,000 were sold,
$4,338,000 were In the treasury and the balance owned
by the aforesaid
construction companies.
In June 1910 $5,000,000 bonds were sold to a
of English brokers and offered with an option by the purchaser of
syndicate
three-tenths In amount of pref. stock at $40
per share and of com. stock at
$25 per share.
Under agreement In force until
Aug. 1912, the company pays
Interest only on the bonds sold.
V. 78, p. 102; V. 81, p.
1411; V. 87. p7 37.
508; V. 91, p. 38, 94, 1025.
There are also (1) $200,000 6% 5-year notes
due Aug. 15 1913. but sub¬
ject to call after three years, secured per £100 note by $1,000 In 1st M
bonds, the notes being convertible into the deposited bonds
taken at 80*
common
.
2.000,000
21.000,000
30,000.000
10,000.000
720.000
360,000
and
(2)
July *27-Jan *29 Fidelity Trust Co, Phlla
Erie RR. New York
Apr 1 1919
U S Mtge 8b Tr Co, N Y
Sept 1 1925
Phil Tr, S Dep 8b Ins Co
May 1 1940
A
Blrml ngham.2 85 miles, an d provld
-
1.000
1.000
1,000
1,000
J
O
S
N
Places Where Interest andr
Dividends are Payable
Bankers Trust Co, N Y
Central Trust Co, N Y
J P Morgan 8b Co., N Y
Hock Val Ry, Colum, O
Sup Sav 8s Tr Co, Clave
J H Hoyt, Cleveland
Northern Nat Bk, Toledo
Scranton (Pa) Trust Co
R Kleybolte A Co, N Y
A
J
M
J
-
100 Ac
&
A
8b
8b
Last Dividend
and Maturity
LXXXXI
M 8b
S Sept 1 1924
A
8b
O Apr 1 1990
J
8b
J July 1 1927
M
8b N May 1 1912
F 8b A 15 Feb 15 *ll-*16
J
8s
J July*09-July *13
M
8b N May 1 1917
J
8b
J July 1 1955
J
8b D To Dec 1911
4 g
5 (7)
5
6
5
5 g
4
5
5
4 g
4X g
4X g
4 g
4 g
4 In 1910
3 g
8 g
4X g
g
$88,477. Year ending 1907-08, gross, $333,105; net, $76,934; charges,
$190,887; bal.. def., $113,953.—(V. 73, p. 723.)
Payable
1,000
1,000
1,000
—
Equipment bonds due 828,000 semi-annually
K O Ft S & Q 1st M Id gr s f dr’n 110 (ext In 1908) _c*
Kansas & Missouri RR first mortgage
c
Kansas City Ft Scott & Memphis RR cons M. NB.c *
Current River RR 1st M 520.000 p m guar
NB
KansCy & M Ry 8b Bdge 1st M g s f drawn at 110.c
Kans Cy Mem 8b Blrm gen M $4,500,000 cur__OB.c
Income noncumulatlve
—OB.c
do
stamped fixed Interest redeemable text..
Blrm Belt 1st M gold red 102 X guar p 8b 1 end. .OB
When
%
1904
1890
1907
1902
1906
1906
1909
Union Sta—1st M gu J’tly red 105 aft 5 yrs.c*
Junction (Philadelphia)—See Pennsylvania RR
Kanawha & Coal River—Joint M 8750,000 gold s f...
Kanawha & Mich—1st M 815,000 p m g gu p & l.Ce.c*
Second mtge 82,500,000 auth gold red par—Sxc*
Equipment trusts
Kanawha & West Va—First M 85,000.000 g text—c
Oar trusts due 832,000 Dec yearly
Ba
Kansas City Belt—See Kan City Terminal Ry.'
Kansas City Clinton & Spring—1st M g guar—NB.c
Kansas City Fort Scott & Memphis Ry—
Ref M 860,000,000 gold guar p & 1 end_.Me.xc Ar
Rate
$1,000
1,000
1,000
1,000
Joplin
do
do
Amount
Outstanding
1867
1889
1905
1910
8
37
87
Jonesboro Lake City & Eastern—1st M 81,000,000 au
do
do
Par
Value
[VOL.
8b
O Oct
8b O
8b D
8b A
8b N
8b O
8b O
8b
S
S pt.
M 8b
S
8b
8b
8b
8b
8b
A
J
F
M
A
A
M
Q—J
car trust notes
8b
8b
8b
8b
1 1925
Oct 1 1935
June 11911
1922
Aug
1928
May
Oct
1927
Oct
1929
Mch
1934
Mch
1934
Mch
1934
Oct
1922
To Jan 1 1915
Feb *11-Aug
Feb 1 1951
*15
Apr 1 1953
Oct 151910 1%
O Apr 1 1950
J April! 1950
N May *ll-Nov *15
D Dec *10 June *16
Mercantile Trust Co, N Y
Old Colony Trust, Boston
do
do
Merc Trust, N Y; 8b Boat
Old Colony Trust, Boston.
Merc Tr Co, N Y; 8b Boat
do
do
do
do
do
do
do
do
Blair 8b Co, New York
do
do
Amer Exch Nat Bk, N Y
do
do
Checks mailed
New York Trust Co, N Y
d »
do
Blair 8b Co, New York
do
do
for retl rement of Its bo nds.
Issued under agreement of 1902 (St. Louis Union-
Trust Co., trustee), total Issue, $2,000,000; and (3) locomotive trust
notes,
original Issue $1,000,000, made In 1905.
OFFICERS.—President. Arthur E.Stllwell. N.Y.; Vice-Presidents: Edward
Dickinson (Gen. Man.), Kansas City, Mo.; J. T. Odell, N. Y.;
Enrique C.
Creel, Chihuahua, Mex.: John F. Wallace, N. Y.; J. S. Bralthwalte, Lorndon, Eng.; Sec. and Aud., Neal S. Doran, and Treas., E. E. Holmes, Kan¬
sas City, Mo.; Asst. Sec., J. Crosland
Taylor, London.
Directors.—Pres. Stilwell and Vice-Presidents Dickinson, Odell and
Wallace* A. N. Belding, Rockville. Conn.; P. W. Goebel, Kansas
City,
Kan.; D. W. Mulvane, Topeka, Kan.; A. Monroe, Lawrence, Kan.; John
F. Alden, Rochester, N. Y.; Chas. R.
Huntley, Buffalo, N. Y.; H. S. Man¬
ning, W. D. Baldwin, New York; Thos. M. Evans,
Pa.*
Ferdinand W. Roebling, Trenton, N. J.; Wm. H. McCord, McKeesport
H. D. Estabrook.
N. Y.; Chas. F.
Ayer, Boston; Hi- A. Bishop, Bridgeport, Conn.; E.D. Stairs,
Detroit; Ing. Isodoro Diaz Lombardo, Sr. Lie Manuel Calero. Col. S. Garci;
Cuellar. Mexico City* Geo. H. Ross, Chicago; Philip H. McMillan. Detroit.
Gen. office. Kan. City, Mo. N. Y. office, Singer Bldg.—(V. 91,
p. 1025.)
KANSAS CITY OUTER BELT & ELECTRIC RR.—Incorporated July 18
1902 In Kansas to construct a belt line connecting the lines of the Kan.
City
Mex. 8b Or. Ry. west of Kansas City, Kan., with all the other lines
entering
Kansas City, Kan., and Kansas City, Mo., main line (double track)
beingabout 8 miles In length.
Gauge, standard. The K. C. M. & O. Ry. will
lease the property on completion at rental of $50,000 per annum for theflrst 10 years, Increasing $10,000 for each 10-year period until the maxi¬
mum of $100,000 is reached.
The road will be operated by Its own organ¬
ization.
V. 75, p. 184; V. 76, p. 331; V. 80, p. 871.
STOCK AND BONDS.—Stock auth. and Issued, $2,500,000 com. an&>
$2,500,000 4% non-cum. pref.; par $100. Stock will be held In votingtrust until full dividend shall have been paid on the
pref. stock for 5 con¬
secutive years. Bonds, auth. Issue, $3,000,000 (see table
above); outstand¬
ing, $2,000,000. U. S. 8b Mex. Trust Co., Kansas City, Mo..trustee
OFFICERS.—Pres., A. E. Stilwell, N Y.; Vlce-Pres. and Man., E
Dickinson; Sec and Treas., E. E. Holmes; Chief Engineer, W. W. Colpltts
Kansas City, Mo.
Office, Kansas City, Kan.—(V. 80, p. 871, 2399.)
KANSAS CITY SOUTHERN RY.—(See Map.)—Operates a line extend¬
ing from Kansas City, Mo., to Port Arthur, Tex., thence by its ship canal,.
7 miles, to deep water on the Gulf of Mexico, with branches and
extensive
terminals used by various roads entering Kansas City.
Lines Owned—
Miles.
Lines Owned.
Miles.
Kansas City, Mo., to Belt Juno. 12 Branches to Fort Smith,
De
Grand
LCkllU View,
Ivn
Uvtf
vw
*
VI
VliUI
Mo., to Port Arthur.•
I
^UIUV/
Quincy,» La.*f etc.
51
Tex..
—...765\Trackage—To Grand View, Mo— 11
v
•
w
VA
Total
839
Also owns e itire $650,000 each of stock and bonds of Arkansas Western
Ry., Waldron to Heavener. Ark.. 32 miles, operated separately; also con¬
trols K. O. Shreve. 8b Gulf Terminal Co.
V. 83. p. 38. 402.
ORGANIZATION.—A reorganisation of Kan C.Pltts. 8b Gulf RR., fore¬
closed in 1900 per plan V. 69, p. 1012, 1062.
V. 73, p. 1356; V. 74. p.t4.
The voting trust having expired April 1 1905, a new management was
elected in May 1905.
V. 80, p. 1971; V. 81. p. 559; V. 84, p. 1366.
In1909 contracts were made for interchange of freight with the Harrtman lines.
V. 88, p. 375.
Common stock, $30,000,000; par. $100.
SECURITIES.—The stockholders bn June 28 1909 authorized an issue
of $21,000,000 “refunding and improvement** bonds dated July 1 1909,
bearing not over 5% interest, of which $10,000,000 underwritten by a syn¬
dicate, have been sold to provide for the $5,100,000 5% notes called for
payment on July 1 1909 and various lmpts., and the remainder Is reserved*
for future use.
V 88, p. 1128, 1253, 1437; V. 89, p. 104; V. 90, p. 167.
DIVIDENDS.—First dlv. on pref. stock, 4%, paid July 1 1907 out of
earns, for 1906-07; Oct., 1%; 1908 to 1910. 4% (Q.-JJ.
LATEST EARNINGS.—J1910
Gross, $1,699,747; net. $620,12*
2 mos., July 1 to Aug. 31.(1909
Gross,
1,422,608; net,
446,68!
REPORT for 1909-10 at length was In V, 91, p. 940, 963.
gi
1909-10.
1908-09.
1907-08."
Total gross receipts
$9,594,652 $8,771,965 $8,757,91*
Operating expenses
Net earnings
Total net Income
Taxes
Interest on bonds, Ac
Miscellaneous
Dividend on preferred stock (4%)—
6,268,585
3,326,067
3,420,520
343,773
1,266,462
318,864
840,000
5,350,056
3,421,909
3,519,722
322,279
1,221,600
99,187
840,000
5,760,25(
2,997,65(
3,132.26*
283,13*
1,225,05!
10,80!
840.00C
Balance, surplus
$651,421
$1,036,655
$773,272“
DIRECTORS.—-Chairman, L. F. Loree; Pres., J. A Edson, Hermann
Slelcken. J. A. Blair. W. T. Rosen. D. G. Bolssevaln. Andrew J. Miller,
W. G. Street, W. H. Williams and E. R. Bacon of New York; John J.
Mitchell of Chicago; S. W. Fordyce and Adolphus Busch of St. Louis;
G. M. Craig. Port Arthur. Tex.; W. F. Harrity, Phlla., Pa.; Secretary is
G. C. Hand. Office, 25 Broad St., N. Y.—(V. 90, p. 167.‘ V. 91, p. 940. 963.
KANSAS CITY TERMINAL RY.—-To own a union passenger depot
and freight and passenger terminals at Kansas City, Mo., with
approaches,
to be controlled by 12 proprietary cos., viz.: Chic. R. I. & Pac., Ateh.
Top.
& Santa Fe, Chicago Milwaukee & St. Paul, Chicago & Alton, St. Louis &
San Francisco, Union Pacific, Wabash, Chicago Burl. & Quincy, Mo. Pac.,
Missouri Kan. & Texas. Kansas City Southern and Chic. Gt. Western, which
will pay equally any excess of fixed charges.
V. 89, p 1671.
Construction
begun about Mch. 1 1910.
Incorp. July 11 1906. Stock auth., $50,000,000; outstanding, $1,200,000.
On Mch. 1 1910 acquired Kansas City Belt
Ry. by deed; also purchased stock of the present Union Depot Co., to fcost
about $30,000,000, and to be completed by 1913.
V. 89, p. 666, 163; V.J90
p. 627. 698.
*4
Of the 1st 4X8 ($50,000,000 auth. Issue), $15,000,000, Including $12,500,000 sold, are Issuable against the present property,. $2,500,000 are re¬
served to retire the Kansas City Belt bonds ana the remaining $32,500,000
are reserved for construction, additions and Improvements.
The bond*are
,
BONDS.
RSAATIONLWCDKY
MAP OF THIS
KANSAS CITY
'.,19 <M
MEXICO & ORIENT
BAILWAY & CONNECTIONS,
Use from Kas8ae City to Paeifio Ocean.
m
72
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
Road
[For abbreviations, Ac.,
Kansas City St Joseph & Council Bluffs—See Chicago Burll
Kansas City Shrevep & Gulf Terminal—1st M red 105
Kansas City Term Ry—1st M red text
ICxc* Ar*
K C Beit 1st M ($534,000 guar KCFSAM)--BB.c
10
Kansas City Viaduct & Term—1st Mgs f(text) S.c*Ar
Kansas & Colorado Pacific—See Missouri Pacific Ry
Ken & I Br & RR—Ken A I B 1st M gold assumed...
First consolidated mortgage $2,500,000 gold._S.c
New mortgage $10,000,000 (see text)
S
Keokuk & Des Moines—Preferred stock
162
First mortgage interest guaranteed C R I A P
162
c*
Keokuk & Hamilton Bridge—First mortgage
c
Kewaunee Green Bay & Western—First mortgage.F.c
37
113
Kingston & Pembroke—First mortgage gold
Klondike Mines—First mortgage $30,000 per mile
31)4
Knoxville & Ohio—See Southern Ry
Laclede Dallas & West—1st M red 105 aft Apr 1920._
Lake Erie & Detroit River—See Pere Marquette RR.
Lake Erie & Western—Common stock $20,000 p m..
711
Preferred stock 6 % (not cum) ($20,000 per mile)...
711
First mortgage ($10,000 per mile) gold
711
Ce,c*
Second mtge for $3,625,000 ($5,000 p m) gold..Ce.c
711
Lake Shore & Michigan Southern—Stock
Guaranteed 10 % stock (Michigan South & Nor Ind)
First mortgage $50,000,000 gold
Us.c*Ar 1,000
Bonds (not mortgage) $50,000,000 gold
G.c*Ar
do
do
$50,000,000 gold
Qx
Kalamazoo & White Pigeon first mtge assum.Un.c
37
mmm
...
—
•
mmm
—
...
...
Date
Bonds
ngton
1897
Par
Value
A
Quine
1910
$500
1,000 Ac
1886
1905
1,000
1,000
1881
1900
250 Ac
...
Guaranteed Securities—
Battle Cr A Stur 1st M gold guar p & 1 (see M Cent)
Sturgis Goshen & St Louis 1st M gold p & 1 guar....
Kalamazoo Allegan & Gr Rapids stock rental guar
First mortgage guaranteed
Unc
«
Erie & Kalamazoo (leased) stock Toledo to Palmyra
Jamestown Franklin A Clearfield stk rental guar.
1st M $25,000,000 auth guar
Q.xc*Ar*
_
Lake Shore System—Mahoning Coal RR—Stock
Preferred stock (see text)
First M Youngs to And Ac guar p & 1 (end)
Un.c
Lake Sup & Ishpem Ry—1st M $1,200,000 g s f_.F.c
z
41
29
58
58
26
—
1862
1905
1910
—
1887
1891
1,000
1,000
100
100
....
1897
1903
1906
1890
1,000 Ac
1,000 Ac
1,000 Ac
1,000
1889
1889
1,000
1,000
100
1888
—
—
1,000
50
100
1,000 Ac
50
50
....
—
1884
1896
1,000
1,000
redeemable as a whole on Jan. 1 1930 or any Interest date thereafter at 105
V. 90, p. 627; V. 90, p. 589.
Pres., W. S. Klnnear; Sec., C. C.
Ripley; Treas., E. F. Swlnney.—(V. 90, p. 698; V. 91, p. 518, 589, 10?5.)
KANSAS CITY VIADUCT & TERMINAL RY—Company owns and
operates an elevated railway and highway viaduct from Bluff and 6th Sts.,
Kansas City, Mo., to Minnesota Ave. and 4th St., Kansas City, Kan.
A
branch viaduct, H mile In length, connects the main structure, and thereby
the two cities, with the interlylng railroad and manufacturing districts.
Main structure completed Feb. 1907, 1.6 miles, minimum width of 60 feet;
material, steel and concrete.
See V. 82, p. 160; V. 84, p. 271, 931.
STOCK.—Stock authorized, $3,500,000; outstanding. $3,447,700 (par of
shares $100). of which a majority is deposited in a voting trust for 3 years
or until dividends of 4% have been paid for two consecutive years.
Voting
trustees, Harvey E. Fisk, John P. Reynolds, Francis S. Eaton.
BONDS.—1st M. 4H% bonds auth., $3,500,000; outstanding, $3,302,000.
July 1909 to Jan. 1911 coupons funded, net Income to be paid bond¬
holders to liquidate same.
V. 90, p.1101.
LEARNINGS.—For year ending June 30 1909, gross, $75,454; net, $56,936;
bond lnt., $149,040; taxes, $9,374; sundry accts., $706; sink, fd., $4,527;
.
iPlPres., J. W. Reinhart; Treas., H. S. Corwin; Sec., Howard Ross.—
(V. 85, p. 1101.)
KENTUCKY & INDIANA BRIDGE & RR CO.—Owns steel cantilever
bridge over the Ohio River at Louisville and 5 miles of railroad between
Louisville, Ky., and New Albany, Ind., and 5 miles of belt line In Louis¬
ville; also owns Louisville A New Albany Ferry Co.
Southern Ry., Balti¬
more & Ohio and Chic. Ind. & Loulsv. own the $75,000 capital
stock, and
under new lease for 99 years from June 1 1910 pay monthly, in proportion
to cars handled, any deficit in operations, rentals, taxes and Interest.
Of
the $2,500,000 first consol. 4s, $1,000,000 were reserved to retire 5s due
1911 and $500,000 for Improvements. V. 71, p. 492.
In July 1910 arrangements were made to build a new double-track K. & I.
bridge. A mtge. has been made to the Standard Trust Co., N. Y., trustee,
to secure $10,000,000 bonds, of which about $2,000,000 -to be issued at
present, the present single-track bridge to be used during two years of con¬
struction.
V. 91. p. 589, 214, 38; V. 90, p. 1676.
EARNINGS.—For year ending June 30 1908, gross, $239,008; deficit
under lnt. charges, Ac., $236,135.
Pres., Alex. P. Humphrey; Sec. and
Treas., H. W. Hazlitt; Gen. Man., W. M. Mitchell.—(V. 91, p.589.)
KEOKUK & DES MOINES RY.—Owns from Keokuk, la., to Des
Moines. Ia.. 162 miles. Leased for 45 years from October 1 1878 to the
Chicago Rock Island & Pacific Ry. The lessee pays 25% of the gross
earnings but guarantees the Interest (not the principal) on the bonds.
Stock Ts $1,524,600 preferred and $2,600,400 common (par, $100), a
majority of which Is held by the lessee. Pref. entitled to dlvs. up to 8% If
earned and to share with common stock In any excess over 8%.
DIVIDENDS.—V®®* ’00. ’01. *02. '03. *04. '05-’07. ’08. 1909.
1910.
On preferred, %
JH
H
1.1
2
1H None. 1M May. 1 Ap,2H
Rental:
In 1908-09, $154,332; In 1907-08, $141,011; in 1906-07,
$138,965; In 1905-06, $137,500 (bond Interest).—(V. 88, p. 944; V. 90, p. 698.)
KEOKUK & HAMILTON BRIDGE CO.—Owns bridge across Mississippi
River at Keokuk, la., for railroads and footpassengers.
The present ten¬
ants are the Toledo Peoria & Western and the Wabash.
Regarding guar¬
anty, see V. 59, p. 969. V. 72, p. 821.
Stock, $1,000,000; par, $100.
Coupons are In default, but mortgage has never been foreclosed, and over¬
due Interest is paid as earnings permit. Last coupon paid, 2nd half of No. 49
(due Oct. 1893) In Sept. 1910.
EARNINGS —Year ending June 30 1910, gross, $46,456; net,
$29,142;
other Income, $12,697; interest. $40,000.
In 1908-09, gross, $55,547; net,
$39,569.
Pres., Andrew Carnegie; Treas., Theodore Gilman, 55 William
St.. New York.—(V. 72, p. 821.)
KLONDIKE MINES RY.—Dawson City to Sulphur Springs, 31
miles,
completed Jan. 1907; projected from Sulphur Springs to the Stewart River,
60 miles.
Stock authorized, $2,500,000; outstanding, $943,000.
The Daw¬
son Grand Forks A Stewart River Ry. Corp.,
Ltd., owns all the stock and
bonds.
V. 82, p. 509.
Bonds, see table above. V. 81. p. 725; V. 86, p.
857. Pres., H. B. McGlverln; 19 Elgin St., Ottawa, Can.—(V. 86,
p. 857.)
KINGSTON & PEMBROKE RY.—See page 165.
LAKE ERIE & WESTERN RR.—ROAD.—Owns Sandusky. O.. to
Peoria. Ill., 413 miles; branch to Minster. 10 miles; branch, Indianapolis to
Michigan City, 159 miles; Fort Wayne to Connersvllle and branch to Rushvllle, 129 miles; total owned, 711 miles; leases Northern Ohio RR., Akron
to Delphos. 162 miles; trackage, 13 miles; total operated. 886 miles.
HISTORY. Ac.—Formed in 1887 after foreclosure of the Lake Erie A
Western Railway.
(See V. 50. p. 590; V. 85, p. 600.)
In 1899 control
gassed
to the Vanderbilts,
the Lake
outh. owned
on Jan.
1 1910 pref.
A Michigan
$5,940,000 and and
$5,930,000
stock.Shore
V. 71,
1269.
p.
DIVS.—
\ ’92-’98. *99. '00. '01-’03. '04. *05. '06. '07. '08. '09. '10
On preferred./
2 4 y’ly.
3
3
3
1
5 y’ly. 0
3
0
0
BONDS.—Abstract of first mortgage In V. 46, p. 45; of second
mortgage
In V. 54. p. 444.
Guarantees $2,500,000 5s Northern Ohio, which see.
EARNINGS.—8 mos., (1910
Gross, $3,545,692; net. $786,258
Jan. 1 to Aug 31.
11909
Gross, 3,055,451; net, 524,811
ANNUAL REPORT.
“
v
Annual
report for 1909 was In V. 90, p. 692.
Years ending
1909.
1908.
Deductions
1909.
1908.
Dec. 31—
$
$
(icontinuedI)—
$
$
Oper. re venue.. 5,043,990 4,361,158 Hire, equipm’t,
Oper. Income
966,123
700,765
rents, Ac
135,095
71,208
Net Income
1,066,627
588,948 lnt.on bds., Ac. 555,086
561,538
Deduct—
Other Interest..
103,376
71,642
Rentals
leased
Add'nsAbett'ts.
56,965
line
$125,000
$125,000
BaL.sur.or def_sur91,105def240,440
-(V. 87, p. 1664; V. 88, p. 231, 748, 879; V. 90, p. 692; V. 91,
p. 1025.)
LAKE SHORE & MICHIGAN SOUTHERN RY.—(See
Maps New York
Central.)—Operates from Buffalo to Chicago with branches. The main line
(537) miles) Indudes 26 miles between Toledo and Palmyra,
Mich., under
ease from the Erie A
Kalamazoo; 533 miles has double brack).
■
$150,000
12,500,000
2,500.000
Places Where Interest and
Dividends are Payable
4
3.302,000
6
4H
F
J
J
J
A
A
A
A Aug 1 1927
J Jan 1 1960
J July 1 1916
J Sept 1 1934
Kansas City, Mo
N. Y, Boston A Chicago
Office 50 State St, Boat
See text
1,000,000
1,069,000
3 g
4 g
M
A
A
A
S March 1911
O Apr 1 1950
Louisville
Standard Trust Co, N Y
4 g
1,524,600 See text
2,750.000
5
1,000,000
8
408.000
5
3 g
572,000
£192,000
6
A
See text
A
O
A
A
A
O
J
A
D
J
A
J
J 30 A D
Apr 1 1910 2H Office, 115 B’way, N Y
Oct 1 1923
do
do
55 William St. As earned
Apr 1 1899
Junel 1921
Office, 40 Wall St, N Y
A
A
o
Apr 1 1940
11.840.000
11,840,000 See text J
3 g
7,250,000
J
3,625,000
5 g
J
z49,466,500 18inl910 J
533,500 181M910 F
50,000,000
3^ g J
4 g
50.000,000
M
50.000,0no
4 g
M
5
400,000
J
A
A
A
A
A
A
A
A
A
J
J
J
J
A
D
S
N
J
Jan 15 1908 1% Office, Gr Cent
Jan 1 1937
Chase National
do
July 1 1941
A
A
A
A
A
D
D
O
J
A
V 90. pl239
100
100
Last Dividend
and Maturity
LXXXXI.
y.
1,000
1,000
1,000
£6,000
and lnt.
com.
Payable
100 Ac
New York Central holds $45,289,200 of this.
bal., def., $106,712.
When
%
100
1909
71
71
71
20
Rate
See text
«...
...
Amount
Outstanding
1,000
1878
1869
1891
[Vol.
6
3 g
79,000
3 g
322.000
610,000
5.95
5
840,000
10
300,000
2,994,550
5
11,000.000
4 g
1,500,000 See text.
5
661.367
5
1,500,000
6 g
85,000
J
J
A
J
F
Q—J
J
F
J
J
J
A
A
A
A
A
Jan 1 1912
Dec 31 1924
July29 ’ 0. 6%
45 Broadway. New York
Bk Brit No Am, London
Grand Cent
Aug 1 ’10, 6 V
Junel1997
Sta, N Y
Bk, N Y
do
Station, N Y
Sept 1 1928
May 1 1931
Jan
1 1940
do
do
Dec 1 1989
Dec 1 1989
Oct 1910
July 1 1938
Aug 1910
5% Lincoln Nat Bank. N Y
Oct 1 ’10 1H% Grand Cent Station, N Y
D June 1 1959
do
do
A Aug 1 ’10 10% Grand Cent Station, N Y
J July 1910 2)4% Union Trust Co, N
Y
J July 1 1934
do
do
J Jan 1 1926
Farmers L A Tr Co, N Y
Road owned directly.
Miles.
Leased (+see this Co.)
Miles.
Buffalo, N. Y., to Chicago. Ill
537 Kalamazoo A A G. R
58
Sundry branches
334 Jamestown Franklin A Clearf’d* 124
Entire stock owned.
Mahoning Coal RR
7Q
Detroit A Chicago
25 Erie A Kalamazoo (26 miles)..Text.
Detroit Monroe A Toledo
51 Detroit Hillsdale A S W
*66
Kalamazoo A White Pigeon
37 Fort Wayne A Jackson
*98
Northern Central Michigan
Sturgis G A St Louis
61 Detroit Toledo A Milwaukee
Battle Creek A Sturgis
29
12
Elkhart A Western
Trackage
67
7
88
Grand total oper. Jan. 1 1910 (of which owned. 1,087 miles)
1,668
By control of N. Y. Chic. A St. Louis RR. has still another line from
Buffalo to Chicago.
Operates Dunkirk Allegheny Valley A Pittsburgh.
Dunkirk, N. Y., to Titusville, Pa., 91 miles.
V. 73, p. 663.
Controls Chicago Indiana A Southern RR., which see.
ORGANIZATION, Ac.—A consolidation on Aug. 16 1869. In 1898-99
$45,289,200 of the capital stock was purchased by the N. Y. C. A H. R.
RR., which gave In exchange its 3 H % bonds at the rate of $200 In bonds
for $100 In stock.
V. 66. d. 288; V. 69. p. 1237.
New York Chicago A St. Louis road has been controlled
by ownership of
stock since 1882. Lake Shore now owning $6,240,000 of Its
oommon.
$6,275,000 of Its second preferred and $2,503,000 of its first 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)
$7,500,150 Pittsburgh A Lake Erie stock; $30,207,700 of the $50,000,000
Cleve. Cin. Chicago A St. Louis oommon stock; also $5,940,000 of the
$11,840,000 oommon and $5,920,000 of the $11,840,000 Lake Erie A
Western preferred.
V. 71 p. 1269: V. 72. p. 870: V 82, p. 749.)
In Mch. 1910 acquired nearly all the stock of the Toledo A Ohio Central
(441 miles) which had been held In the Interest of the Hocking Valley,
and
all the bonds and stock of Zanesville A Western (89 miles) and.
jointly
with the Chesapeake A Ohio, control of the stock of the Kanawha A
Michigan
V. 90. p. 771, 849, 977, 1045.
(177 miles).
Also owned Jan. 11910 of the $60,665,000 Reading Co. stock acquired
by
the Pennsylvania-Vanderbilt interests, viz.: $6,065,000 first
owns
pref., $14.265,000 second preferred and $10,002,500 common stock, the other half
being held by the Baltimore A Ohio. V. 80. p. 1856.
List of stocks of companies owned Deo. 31 1909, V. 90. p. 708.
See also
V. 78, p. 48. 1904; V. 80. p. 1852; V. 82. p. 749.
DIVS.
Since 1892,
193-’97. '98. '99 to 1903. '04. '05. ’06. '07. '08. '09.
1910.
7 yearly.
8
8
12
14
12
8
18
In 1910, Jan. and July. 6%; Mch. 30, 6% extra.
V. 90, p. 627.
Bonds.—For $50,000,000 mtge. of 1897, see abstract in V. 64, p. 1182, and
V. 66, p. 1140; V. 68, p 1182; V. 73. p. 1264; V. 75. p. 290; V. 77.
p. 2035.
The $50,000,000 debenture 4s of 1903, due 1928, are to be secured by
any
new mtge. V. 77, p. 1747. 2035; V. 78,
p. 48; V. 80. p. 1912.
In Feb. 1906 $35,000,000 of 25-year 4% bonds due 1931 of an authorized
Issue of $50,000,000 were sold for lmpts., and in Jan. 1910 permission
was
granted to issue the remaining $15,000,000 to retire the $15,000,000 5% notes
due Feb. 1 1910 and to guarantee $11,000,000 Jamestown Franklin A Clear
field 4% bonds received for advances for construction and Improvements.
See that co. V. 82, p. 392; V. 84, p. 996; V. 90, p. 167, 627. 771.
In April 1910 sold in Paris $8,500,000 of 4% notes running less than a
year to finance recent purchase of Toledo A Ohio Central and an Interest
in Kanawha A Michigan.
V. 90, p. 1045.
Jointly with four other roads covenants to pay $30,000,000 N. Y. Central
Lines car trusts of 1907 and 1910, the company's share of equipment leased
%/6yrly 6M
being $6,708,393 and $11,700,000 respectively.
168, 801, 803; V. 88, p. 761; V. 90, p. 1677.
V. 85,
1402; V. 86, p.
p.
GUARANTIES.—Additional guaranties not shown above, see Chicago
Indiana A Southern. Detroit Hillsdale A S. W. and Ft. Wayne A Jackson.
GENERAL FINANCES.—Nothing was charged to construction or
equip,
account from 1883 until 1907, except $7,500,000 for new equip, in 1906, the
outlays charged to operating expenses for new equip, acct. amounting In
1909 to $1,263,186 and In 1907 to $911,126, and for construction to $1,433,567 In 1909, against $1,282,277 In 1908, these items being exclusive of ex¬
penditures for renewals. Profit and loss sur. Jan. 1 1910, $27,166,038.
On Mch. 30 1910 a 6% extra dividend was paid.
V. 90, p. 627.
EARNINGS.—8 mos., (1910
Gross, $32,413,254; net, $9,773,753
Jan. 1 to Aug 31.
\1909
Gross, 28,462,084; net, ‘0.554,702
For 3 months ending March 31 1910, net, $3,926,633, against $3,401,148
in 1909; other Income, $4,052,980; charges, $2,613,680; bal., sur., $5,365,933.
ANNUAL REPORT for 1909 at length was In V. 90, p. 691, 707.
Year ending Dec. 31—
1909.
1908.
Inc. or Dec.
Miles operated
1,511
1,663
%152
Railroad revenue
---$45,110,997 $39,066,942 +$6,044,055
Operating Income (after taxes
15,549,524
12,418,980
+3,130,544
Other Income
6,486,887
5,097,081
—1,389,806
-
-
Gross corp. Income
$22,036,411 $17,516,061
Rentals of leased lines
$1,858,691
$1,100,382
Interest on bonds, Ac
5,995,182
6,099,416
Hire equipment. Including interest.
581,952
890,425
Other rents and miscellaneous
619,017
252,049
Dividends on guaranteed stock....
64,020
64,020
Additions and betterments
1,433,568
Additional equipment
1,263,186
Dividends on common stock, 12%.
5,935,980
5,935,980
-
+ $4,520,350
+ $758,309
—104.234
—308,473
+ 366.968
—1,433,568
+ 1,263,186
Balance, surplus
$5,718,382
$1,740,220 +$3,978,162
(V. 90. p. 167, 236, 303, 627, 691. 707, 771. 849, 1045.)
LAKE SHORE SYSTEM —MAHONING COAL RR.—Owns from
Youngstown to Andover. O., and branches, 71 miles. In Deo. 1907 pur¬
chased a one-half interest in the Lake Erie Youngstown A Southern and
Lake Erie A Eastern railroads, building a belt and switching line from
Girard to Struthers, reaching factories in Youngstown, O., and vicinity.
—
OOT..
RAILWAY STOCKS AND BONDS
J910.J
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Lake Tahoe Ry A Tr Co—1st M g $500,000 e f beg 1005
Lancaster Oxford A Southern—1st M $200,000 gold__
Lansing Manufacturers—1st M serial Interest rental..
Laramie Hahn's P A Pac— 1st M $8,000 per m g. AB.c*
First ref M $1,800,000 gold sink fund red U5--Q.C*
General mortgage $10,000,000 authorized
Two-year coupon notes. $250,000 gold, red
c*
Five-year ooupon notes $450,000 authorized
Five-year coupon notes $1,000,000 authorized
Leavenworth Terminal Ry & Bridge—1st Mgs f..Ce
Lehigh A Hudson River—1st M gold tnt red to 5% -Ce
Seoond mortgage gold
Warwick Valley first mortgage extended In 1900—
......
Second mortgage
—
Leh A Hud Riv gen M $8,000,000 g (see text) .Ce.c*
Debentures $400,000 redeem 105 after Nov 1911...
Equip trust certs gold due $40,000 yearly....PeP.o
Lehigh * New England— 1st M $1,000,000 gold-.FP
Northampton 1st M g $300,000 guar ted 105-FP.c*
Lehigh A Delaware first gen mtge redeemable at 105
Consolidated mortgage $3,000,000 gold call at 105..
General mtge $7,500,000 gold red 102X--GuPo*
Equip tr Ser A g gu red 102 X due $30,000 yrly.QuP
Lehigh Valley—Common stock $80,000.000
Gp
Preferred stock 10% (V 79, p. 151,289)
GP
First mortgage extended In gold In l898_..GP.cAr
Consolidated Mleoupon A reg $4,782,000 4 Xs.cArl
$40,000,000 j .annuity $2,538,000 are 4 He --FPJ
General consol mtge $150,000,000 gold
UP.c**r
Collateral trust bonds $19,000,000 see text.GP.o* &r
Miles
Road
16
28
5
40
...
1901
1905
1905
1904
1907
Par
Value
1908
...
All
20
27
All
All
...
1893
1881
1887
1879
1881
1890
1907
1906
1895
1902
1904
1903
1908
1908
1,000
1,000
1,000
500 Ac
500 Ac
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
50
—
—
11
283
31
1895
1890
1907
1891
1,000
io.ood.66d
St. Paul Minn. A Omaha and Dul. South Shore 3s Atl., which owns $119,400
stock ($1,200,000 auth.).
On April 1 1909 the $195,000 6% bonds were
retired.
D. M. Phllbln, Pres., West Superior, Wls.—(V. 88, p. 883.)
LANCASTER OXFORD & SOUTHERN RR—See page 165.
LARAMIE HAHN’S PEAK A PACIFIC RY.—Owns from Laramle.Wyo.,
to Foxpark. Wyo., 55 miles.
Extension under construction In Sept. 1910
from Foxpark to Hebron, Colo., 54 m.
Also proposed from North Park to
Steamboat Springs, Colo.
Stock auth., $9,000,000 common, all out¬
standing; pref. 6% non-cum., $1,000,000; outstanding Sept. 1910, $126,000;
par of snares, $10.
(See V. 77, p. 824.)
In 1909 a 50-year gen. mtge. for $50,000,000 was auth. to refund prior
bonds, extend and double-track the road and further improvements and ex¬
There are also authorized $450,000 5-year 7% coupon notes dated
tensions.
Jan. 1 1910, of which $250,000 reserved to refund 6% notes due Dec. 15
1910, In place of refunding bonds; also $1,000,000 5-year 7% coupon notes,
dated June 15 1910, to anticipate moneys from sale of general mtge. bonds.
As to the refunding 6s of 1907, see V. 85, p. 1646; V. 88, p. 1061.
Pres.,
Fred. A. Miller, Laramie, Wyo.—(V. 88, p. 1061.)
LEAVENWORTH TERMINAL RAILWAY A BRIDGE.—Owned high¬
way and railroad bridge (opened Jan.1'94). 1.110 ft. long, over Missouri River
at Leavenworth, Kan., and valuable terminal property In that city.
In
July 1910 the Chicago Great Western acquired the entire stock, but does
not guarantee or assume bonds.
V. 91. p. 214, 397.
Kansas City St.
Joseph A C. B. (Chicago B. A Q.) and Chic. R. I. A P. use the bridge at an
annual rental of $16,000 each, under a 30-year contract from 1894.
For
year 1907-08, gross, $46,224; net. $31,036; lnt., $30,000; bal., sur., $1,036.
Stock, $600,000,—(V. 89, p. 1597; V. 91, p. 214, 397.)
LEHIGH A HUDSON RIVER RY.—Owns from Maybrook on Central
New England Ry. to Belvldere, N. J.,on the Penn. RR., 75 miles; track¬
age, S. B. 3s P. RR., Phlllispburg to Easton, 1 m.; trackage, Penn. RR.,
Belvldere to Phllllpsburg. 13 m.; Ont. A West., Burnside to Campbell
Hall, 2 m.; D- L. A W., trackage. Andover Jet. to Port Morris, N. J., 8 m.;
total operated. 99 miles.
V. 79, p. 269. Stock. $1,340,000; par, $100.
BONDS.—Of the $1,320,000 gen. mtge. bonds out, $1,062,000 are guar.
Jointly p. and I. by the Central RR. of N. J. and Leh. Coal 3b Nav. Co. An
additional $1,350,000 are reserved to take up prior liens and $330,000 for
extensions or acquisitions of connecting roads.
In May 1908 permission
was given to issue $2 <0,000 additional bonds, but none were Issued to
July 1910.
V. 86, p. 1285. See form of guaranty. Ac., In V. 67. p. 788;
also V. 85, p. 1513.
Equlpt. trust 4 Xs, V. 83, p. 96. Locomotive rental
notes June 30 19 0, $97,363; loans and bills payable, $291,000.
EARNINGS.—9 mos.,(1909-10
Gross, $1,056,339; net, $381,696
July 1 to Mch. 31. \ 1908-09
Gross,
905,626; net,
228,088
Surplus after charges, $151,067, against $214 In 1908-09.
ANNUAL REPORT—For years ending June 30, V. 87, p. 1415.
Year ending June 30—
Gross.
Net.
Ini.. Taxes, Ac. Bal..sur
1909-10
$1,440,034
$550,632
$305,460
$245,172
1908-09
1,251.316
302,260
382,660
80,400
Lewis A. RUey, Pres., Philadelphia, Pa.—(V. 88, p. 375.)
LEHIGH A NEW ENGLAND RR —Operates road from Slatlngton, Pa.,
to Campbell Hall, N. Y., 95 m.; Bethlehem to Benders Jet., Pa., 19 m.;
Bath to Martin’s Creek, Pa., 20 m.; branches, 36 m.;-total, 170 m., of which
two sections, aggregating 35 m.. are trackage and 9 m. leased, leaving 126
m. owned.
V. 79, p. 2642.
Lehigh Coal A Nav. Co. owns control. V. 78,
p. 1781, 1962.
SECURITIES.—Stock, $1,000,000; par, $50. Of the generals of 1908
($7,500,000). $3,450,000 were reserved to retire remaining underlying bonds
and $2,850,000 for future requirements.
Car trusts, guar, by Lehigh Coal
3b Nav. Co., V. 86, p. 1343. 1409.
EARNINGS.—For year ending June 30 1910 (170 miles), gross, $894,324;
net. $332,359; charges. $293,031; bal., sur.. $39,328.
Pres., W. A. Lathrop; V.-P. and Gen. Mgr., Rollin H. Wilbur; V.-P. and Gen. Counsel, Wm.
Jay Turner; Sec. and Treas., H. F. Baker.—(V. 86, p. 1343, 1409.)
""LEHIGH VALLEY RR.—(See Map.)—Jersey City, N. J., opposite N. Y.
City, to Buffalo, N. Y., 450 miles, with branches, viz.; (*See these cos.)
.
_
Stock
Owned—
Miles.
Miles. Lehigh A N. Y.. Pa. State line
Buffalo, N, Y., to Sayre, Pa
to no. Fair Haven, N. Y
181
Wilkes-Barre, Pa., to Jersey
Other
City
174 Leased—State Line 3s Sullivan.
Elmira Cortland 3b Nor*
139
etc
Branches
530 Trackage to Susp. Bridge, Ac..
Pa. A N. Y.,Wilkes-Barre to Pa.
State line (with 43 miles
Total June 30 1010
1,433
branches)
140 Second track
...
597
Buck Mtn. and Hays Creek branches. Into Penna. anthracite regions,
to be completed In 1911,
v
#
HISTORY. Ao.—The Drexel-Morgan Interests, It Is understood, have
a preponderating voice in the management.
,A syndicate represented by
—
Kuhn, Loeb A Co. In July 1910 acquired a large Interest. V. 91, p. 276.
COAL PROPERTY.—The Lehigh Valley RR. Co. owns all the ($1,965,$60) stock of tho Lehigh Valley Coal Co. (V. 81, p. 1726).
Annual report
650.000
1.380.000
750.000
390.000
60,555,350
2.000.000
15.000.000
3.000.000
LAKE SUPERIOR TERMINAL & TRANSFER CO.—Owns 16 miles of
transferring cars between the depots and tracks at West
Superior, Wls., of the proprietary companies, viz., Northern Pacific, Chic.
Entire
600,000
800,000
164,000
145,000
240,000
1,320.000
400.000
240.000
1,000,000
300.000
1,000
1,000
track used for
or
250,000
106.300
1.000
5,000.000
1,000 10.400.000
1,000 12,600.000
1,000 Ac 26,639.000
1,000 15.500.000
1,000 Fn treasury
1,000 In treasury
1,000
3,5 0.000
Leased In perpetuity for 40% of gross earnings to Lake Shore, which
Jan. 1 1910 owned $865,900 common and $399,500 preferred stock.
DIVIDENDS./ ’91. *92. ’98. *94.’95 to Aug. *06. ’07. *08. *09. 1910.
On common
) 4K m 8
8
10 yearly
12
12
12
Below
In 1910 on common, Feb.. 8% and 50% extra; Aug., 10%.
The preferred stock certificates are 5% guaranteed and contain a clause
making them redeemable at par at option of company.
Year ending Dec. 31 1909, rental and otherlncome, $1,246,377; surplus
over Interest and 62% on com. and 5% on pref . $206.705.—(V. 90,
p 236.1
Fee
240,000
750,000
See text
See text
50
834
5g
See text
...
J
4611
$300 000
200,000
75.000
500 Ac
....
1868
1873
1873
1903
1905
1905
1906
1907
Payable
1,000
...
101
When
%
1,000
1,000
...
.
Rate
$1,000
1910
1910
3
42
63
15
22
63
Amount
Outstanding
100 Ac
1909
Equipment trustsgold Series H, due $90,000 yearly
do
gold Ser I due $400,000 yriy (V85,p412)
do
gold, due $250.000s-a Series J-.Usm.c*
Bonds of Controlled Properties—
Lehigh A N Y 1st M gold guar p 3s I
Mp.c* &r
Leh Val of N Y 1st M gold guar p A I (end) -GP.c* 3sr
Lehigh 3s Lake Erie first mtge $3,000,000 gold
Lehigh Val Term 1st M g guar p 3s I end
Ce.c* Ar
Date
Bonds
73
5 g
5 g
6 g
6 g
5
6 g
7
7
6 g
5 g
5 g
4X
6
6 g
4
A
A
J
A
A
A
J
A
O
O
J
J
O
Last Dividend
and Maturity
Oct 1 1931
Apr 1 1935
July 1 1915-30
July 1 1929
A
A
Oct 1 1932
J A D 15 June 15 1959
J A D15 Dec 15 1910
J
A
J Jan 1 1915
J A J15 June 15 1915
J
A
J Jan 1 1923
J
A
J July 1 1911
J
A
J July 1 1917
A O July 1 1911
A
A
A O Apr 1 1912
J
A
J July 1 1920
MAN July 1 1920
4X g J
A D Dec 1 »10-’16
S g
J
A
J July 1 1945
5 g
J
A
J Jan 1 1952
5
A
J
J July 1 1954
5 g
A
A O Oct 1 1953
4 g
A
A
O April 1 1958
A D To June 1 1923
4H g J
6 In 1910 J
A
J July 14 ’10 3%
10
J
A
J July 14 ’10 5%
4 g
J
A D June 11948
4X A 6 J
A D Dec 1 1923
4 X A 6 J
A D Irredeemable
4 g
MAN May 1 2003
4 g
F
A A ►>h »11-Feb ’26
F
A
A To Feb 1 1913
4 g
MAS To Sept 1 1916
4X g MAS Mch ’ll-Sept *17
4 g
MAS Sept 1 1945
4X g J
A
J July 1 1940
4 X g MAS Mar 1 1957
A
A
Oct 1 1941
O
5g
Places Where Interest and
Dividends
are
Payable
Merc Trust Co. San Fran
Oct ’10 coup not_pald
Union Trust Go, Detroit
Amer Loan A Tr Co, Bost
LBarnum ACo.NY ALosA
Central Trust Co, N Y
1 Irving Nat Exch Bank
I
N Y, and First Nat
) Bank, Warwick, N Y
1
J
Irving Nat Exch Bk, N Y
Philadelphia
437 Chestnut
St, Phila
do
do
do
do
do
do
do
do
t
Guar Tr A S D Co, Phila
Checks mailed
do
Office, 228 So 3d St. PhU
do
do
do
lo
JPMorgan AOo.N YA PhU
do
do
Philadelphia
JPMorgan ACo.NY A PhU
do
do
JPMorgan ACo.NY A Phil
for 1909-10 in V. 91, p. 394.
In 1905 purchased the holdings of Coxe Bros.
A Co.
V. 81, p. 1175; V. 83, p. 702.
The Coal Co. shipped from oollleries owned and controlled 8,092,940 tons
of anthracite coal In 1909-10, against 7,784,078 tons in 1908-09; total ooal
and coke tonnage. 1909-10. was 14,034,396.
STOCK.—The shareholders voted June 22 1910 to increase auth. com¬
mon stock from $40,334,800 to $80,000,000, of which $20,220,550 was
offered to stockholders pro rata at par, payable In full from July 15 to July
31 or in 4 equal Installments July 31, Aug. 31, Sept. 30 and Oct. 31 1910,
the proceeds to be used to retire $6,000,000 2d M. 7s due Sept. 1 1910, and
other obligations, and for future purposes.
V. 90, p. 1101, 1676.
DIVS.
f’88 to *91. *92. 93. *94 to ’03. ’04. ’05. ’06. ’07. ’08. ’09. 1910.
Since ’87. %\ 5 yearly 5# 4
None
1
4
4
6
6
6
6
BONDS.—The gen. consol, mtge. of 1903 will secure $150,000,000 bonds
bearing not to exceed 5% lnt covering the entire road, the stock of the
Lehigh Valley Coal Co. and other stocks owned. Of the bonds. $10,000,000
were Issuable at once, $10,000,000 were reserved to retire car trusts and
coal-purchase bonds, $96,000,000 to retire at or before maturity outstanding
fixed obligations amounting to $94,130,000 (incl. the coll, trust bonds, ana
$2,000,000 coal trust ctfs. of 1902, which were called for payment), on pay¬
ment of which the general consols will be a first lien on all the property of
the system, except as to $12,600,000
annuity bonds, which ate a perpetual
charge; the remaining $34,000,000 were issuable at not exceeding $2,000,000
a year, or such larger amts, as may be auth. by stockholders, beginning Jan.
1906, for acquisitions, terminals, ooal properties, equipment. Ac.
Old
bonds may, however, be extended If necessary for not over two years.
Provision may be made at the time of Issue of bonds thereunder for the right
to convert Into stock at the pleasure of the holder not over $25,000,000 at
any one time.
V. 77, p. 824; V. 78. p. 287; V. 79, p. 1642; V. 82, p. 1380;
V. 86, p. 1343; V. 88, p. 1372.
See property covered In V. 81, p. 211.
The purchase of the stock of Coxe Bros. A Co. ($2,910,150) and of the
Delaware Susquehanna A Schuyklll RR. ($1,500,000) In Oct. 1905 was
financed by an Issue of $19,000,000 coll, trust 4% bonds, to be retired by
$500,000 semi-annual Installments beginning Aug. 1907 and secured by
deposit of those stocks. The bonds are subject to call as a whole at 102)4
beginning Aug. 1 1912, or In the order of serial numbers. V. 81. p. 1175
1242, 1376; V. 82. p. 100; V. 83. p. 702; V. 84, p. 1428; V. 88. p. 452.
GUARANTIES—Lehigh Val. Rail Wav Co. of N. Y.—Owned Buffalo.
N. Y., to near Sayre, Pa., 175 m. double track, and branches to Ithaca, Au¬
burn, Ac., 106 m.; In all 281 m., covered by $15,000,000 mtge. of 1890, but in
1903 and 1905 consolidated with other sub. cos. and In 1907 absorbed the
Leh. A L. Erie; total mileage now is 501 miles. Stock, $11,200,000, all owned
by Lehigh Val. RR., was In June 1907 authorized to be Increased to $13,543.000, of which $11,543,000 Issued.
Mortgage abstract, V. 51. p. 114; V. 77,
p. 147, 972; V. 81. p. 784; V. 83, p. 38; V. 84. p. 1366.
Lehigh Valley Terminal Railway.—Owned double-track road from South
Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there, Ac.
Merged in Aug. 1303 with other sub. oos.
In L. V. of N. J.. having a total mileage of 119 m.. Its $12,506,000 out¬
standing stock ($7,927,000 additional In treasury) being all owned by
Lehigh Val.RR. V. 77, p. 972; V. 53. p. 640, 880; V. 81. p. 784; V. 83. p. 703.
Morris Canal.—Leased for 999 years and dividends guaranteed.
Bonds
all owned by Lehigh Valley.
See V. 50. p. 137.
Pennsylvania A New York Canal A Railroad.—Leased for 99 years from
Dec. 1 1888 to Lehigh Valley, which has assumed Its debt and owns all Its
stock.
The consols Include $4,000,000 of 5 per cents,,. $3,000,000 of
4s. $1,500,000 of 4X8.
V. 62. p. 950.
Consolidated Real Estate Co.—See V. 78. y. 1223; V. 79, p. 1271; V. 83.
p. 702.
To June 30 1910 none had been sold.
,
Seneca County
Ry., $500,000 guaranteed bonds;
none
sold
June 30
1910.
See V. 79, p. 1271.
The Lehigh A Lake Erie mortgage ($3,000,000) covers 11 miles double¬
track terminal road at Buffalo opened In 1907.
V. 81, p. 211; V. 83,
The road Is leased for 999 years.
p. 702.
V. 84, p. 1248; V. 85, p. 412;
V. 87. p. 817, 818.
EARNINGS.—2 mos., J1910
Gross, $6,014,216; net, $2,119,213
July 1 to Aug. 31.
11909
.Gross,
5,680,769; net,
2,204,383
ANNUAL REPORT.—Ficsal year ends June 30.
The report for 1909-10
was given In V. 91, p. 393, 402.
See also editorial, p. 369.
Revenue Jrom operation—
1909-10.
1908-09.
1907-08.
Coal freight revenue
$15,821,798 $14,831,671 $16,175,280
Merchandise freight revenue
14,011,302
14,757,799
13,291,831
Passenger revenue
Mail, express, Ac
Total operating revenue
Operating
expenses
Taxes
4,330,172
1,257,629
3,905,063
1,109,268
4,159,890
1,163,682
$36,167,398 $33,137,832 $35,510,154
...$21,684,147 $20,575,736 $22,312,036
1,106,762
1,079,376
1,122,867
Operating Income
Otherlncome
$13,376,489 $11,482,720 $12,075,250
704,580
1,117,635
1,629,350
Total Income..
Interest on bonds, Ac
Rentals and guaranties
Miscellaneous deductions."
Additions and betterments
$14,494,124 $12,187,300 $13,704,600
$3,800,109 $3,789,963 $3,745,128
2,316,473
2,316,473
2,316,473
240,141
237,061
272,425
582,643
1,775,264
843,877
_
Total deductions from Income
$7,200,600
$6,926,140
$8,109,290
Net Income
$7,293,524
1,136,543
$5,261,160
375,452
$5,595,310
388,606
Lehigh Valley Coal Co. net Income..
r,
.—————
$8,430,067
preferred stock (10%).
$10,630
common stock (6%)
2,420,088
$5,636,612
$10,630
2,420.088
$5,983,916
$3,205,694
$3,153,19$
■
Total net Income
Dividends
Dividends
on
on
Balance, surplus..
$5,999,349
-
-r-
$10,630
2,420,08$
74
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
see notes on first page]
Miles
Road
[For abbreviations, Ac.,
Lehigh Valley—{Concluded)—
Easton A Amboy 1st M Easton to Perth Amboy gu
Easton A Nor 1st M gold guar by Leh Vai.OP.c* Ar
Middlesex Valley first mtge $000,000 gold
Ce.c*
Penn ANY Can&RR—Cons gu(text)p 4 l(end) -GP.r
Elmira Cortland A North first pret mtge gold-.Ce.c*
First mortgage gold guaranteed p A 1 (end)—Ce
Morris Canal stock 4% guaranteed 909 years..,
Preferred stock 10% guaranteed 999 years...
do
Interest reduced.
General
‘
60
12
22
N.r
mortgage gold
exington Union Station—Preferred stock (see text).
ime Rock—Consolidated refunding mortgage gold.,
itchfieid ft Madison—First mtge $1,000,000 g----ittle Falls ft Dolgevllle—First mtge $250,000 gold-.
Ittle Miami—Stk original gu 8% 09 yrs P C A St L
Special guaranteed betterment stock ($5,000,000).
1880
1895
1892
1888
1684
1884
119
119
mmrn
•
Wyoming Valley Coal consol (now 1st mortgage)..
Consol Real Estate first mtge $2,000,000 guar.Usm
Lexington ft East—1st M g ext In 1901 red 102-_Ce.c*
Date
Bonds
••
1906
1895
1895
...
92
...
.....
12
44
■
6s) .Ce.c*
....
1904
1903
...
...
....
...
....
32
are
Rate
When
%
Payable
$1,000
1.000
1,000
1,000
1,000
100
100
1,000
1.000
1,000
156
163
...
18
...
2
70
76
12
Second M g assum Bus Sta to Eastp A brs..Ce.c*
Long Island City A Flushing first mtge assumed..c*
19
Consolidated mortgage gold assumed
Ce.c*
New York Bay Extension 1st M assumed $200.000-_
6
■ In hands of public; total Issued shown in left-hand colum
1882
1025.
UNION
STATION
CO.—Owns
passenger
station
at
Lexington, Ky., opened July 1907.
Common stock, $15,000, owned equally by Loulsv. A Nashv., Ches. A
Ohio and Lexington A Eastern. There has been authorized $500,000 of 4 %
cumulative (non-voting) preferred stock, secured by mort.,and rentals paid
by above-named roads on basis of passenger cars. Pres., W. A. McDowell;
Secretary and Treasurer. A. Mitchell Jr.
LICKING RIVER RR.—V. 91, p. 336.
LIME ROCK RR.—Owns road In and around Rockland, Me., 11 m.;
trackage. 1 m.; total, 12 m. Stock. $450,000; controlled by the RocklandRockport Lime Co. of Maine. V. 82, p. 1380. Dlv. In 1905-06. 5%; 190607, 5%, of which 3% from accumulated surplus; 1907-08. 2)4%. Year
ending June 30 1908, gross. $72,354; net, $28,256; other Income. $3,945;
Interest and taxes, $20,115; dividend (2H%), $11,250; balance, surplus,
$836. Office, Rockland.—(V. 82, p. 1380.)
LITCHFIELD ft MADISON RY.—Owns Litchfield Jet. to Madison. Ill.,
44 m.; trackage, 1 m.; total, 45 m.
Stock, common. $500,000; pref.. 4%
non-cum., $500,000; par of shares. $100.
Formerly controlled by Chic.
Peoria A St. Louis.
For year ending June 30 1910, gross, $236,718; net,
550,968;
other income,
$2,571; Duncan,
Interest,Alton,
taxes,Ill.—(V.
Ac., $66,078;
eflclt, $12,540.
Pres., James
79, p.
balance,
2456.)
Little Falls, N. Y., to
Dolgevllle, 10 miles. Operates under agreement Dolgevllle A Salisbury
RR., extending from Dolgevllle to mine of Salisbury Steel A Iron Co.
Stock, $250,000, of which the New York Central A Hudson River in July
1006 acquired a majority.
Bonds, see table. For year ending June 30
1909, gross, $68,441: net, $24,015: other income, $1,119: charges, $9,542.
Pres., W. H. Newman; Sec., D. W. Pardee.—(V. 83, p. 272.)
LITTLE KANAWHA RR.—Parkersburg, W. Va., to Creston, 50 miles.
Stock, $3,000,000 authorized; Issued, $509,500. Owned by the Pittsburgh
A Lake Erie, Pennsylvania and Baltimore A Ohio, the last named
operating
the road from May 1 1908.
V. 86. p. 981; V. 82, p. 628; V. 86. p. 981.
LITTLE MIAMI RR.—(See Maps Pennsylvania RR.)—Owns Cincinnati
O., to Springfield, O., 84 m.; branch, Xenia, O., to Dayton, O., 15 m.; Dayton, O., to Ind. State line, 38 m.; leases. Columbus A Xenia RR., Xenia.
O..
to Columbus, O.. 55 m.; Cin. St. Con. RR., 2 m.; Richmond A
Miami RR..
Indiana State Line to Richmond. 4 m.; total 195 m les.
LEASE.—On Dec. 1 1869 leased to Pittsburgh Cincinnati A St. Louis
(now Pittsburgh Cincinnati Chicago A St. Louis) for 99 years renewable for
^
LITTLE FALLS ft DOLGEVILLE RR.—Owns
ever.
The Penn. RR. Co. Is a party to the contract and
guarantees Its
faithful execution.
Rental Is 8% on $4,943,100 original stock, 4% on bet¬
terment stock and lnt. on debt.
V. 84, p. 51, 815; V. 86, p. 857.
Lessee’s report shows results to lessee: In 1904,
loss, $133,746: In
.199kJ°?s'
$107,692; In 1906, loss, $185,303; In 1907. loss, $54,477;
in 1808, loss, $142,946; In 1909, profit, $67,171.
Stock auth., $10,000,000.
Beginning Dec. 1899, 1-5% extra paid on com. stock each Dec. and June
from surplus Invested fund, making div. 8 2-5% y’ly —(V. 86,
p. 857 )
LITTLE SCHUYLKILL NAVIGATION RR. ft COAL.—Owns from Port
Clinton to Tamanend and Reeves dale, 31.48 miles; 2d track. 26.49
m.: total.
91.31 miles.
Re-leased on Dec. 1 1896 to Phlla. A Read. Ry. for 999
years
and rental reduced from 7% on stock to 5% gold from Jan.
1 1897.
Dividends:
In 1808, 5)4%; 1899, 5)4%; 1900. 5; 1901,
5)4; 1902, 5)4; 1903, 5;
1904, 5; 1905, 5)4; 1906, 5; 1907, 5)4; 1908,5)4; 1909, 5; 1910,
Jan.,2
July, 3. Lessee pays taxes and organization expenses.—(V. 73, p, 554.
LONG ISLAND RR.—Operates the steam surface roads of Long Island.
Owns—
)?:
Miles.]
Leases—(*Whloh see.)
Miles.
Long Island City to Greenport...
95 |N. Y. A Rockaway Beach Ry*.. 12
Lone Island City to Montauk
1151 Jamaica A So.Shore(V.78.p.102)
5
Sundry branches
104(N. Y. B’klyn A Man. Beach*... 10
Total owned (V. 77, p. 2098)..314
Total Deo. 31 1908
390
Leases—
Oper. electrically In Dec. 1909.. 140
Nassau Electric RR
10 Double track
132
North Shore Branch RR
30
...
iThe Long Island Consolidated Electrical Companies
Northport Traction, Nassau County Ry. and Ooean
Electric Ry., having a combined
mileage of 2 6 H m., Inc. 16 )4 m.. Huntington
to Amltyvllle, opened Aug. 26 1909.
V. 89. p. 593.
V. 90, p.
A
A
A
A
A
A
A
A
A
A
A
5
1,250,000
5 g
4
A
F
10
F
5 g
J
4 g
J
5 g
J
A
5
j
4
A
F
5 g
A
J
See text F
A
4
J
A
4 g
A
J
5 g
M A
3 g
A
J
8 2-5 O—M
706,700
903.600
10.114,000
1.400.000
1.082.000
4
5
50
5 g
2,487.950
1878
100 Ac
7
268.703
1881
1,000
4,731,000 4 A 5g
1888
1,000
4 g
3,000,000
1892
1,000
1.494.000
4)4 g
1892
1,000
4 g
332.000
1894
1,000 •1.135,000
5 g
1880
1.000
6
125,000
1881
1,000
1.000.000 5 A 6 g
1888
1.000
5 g
600.000
1881
1,000
6
600,000
1887
1,000
650.000
5 g
1893
1.000
5
•100,000
n; bala nee unde r unified mo rtgage
BONDS.—The 1st mtge. 5s were extended at same rate of lnt. to July 1
1911, the company having the right to call and redeem all or any of them at
102 and lnt.
All lnt. on the gen. mtge. bonds was waived to Aug. 1 1901.
lnt. thereafter to be paid In cash Feb. and Aug. 1. as follows: 2% yearly
for 5 years, then 3 % for 5 years and 5 % yearly thereafter to maturity.
De¬
ferred debentures will be Issued from time to time for bal. of the lnt. not paid
In cash on the genezal mortgage bonds accruing after Aug. 1 1901.
EARNINGS.—2 mos., 11910
Gross, $87,338;
net, $32,205
July 1 to Aug 31Gross,
77,344;
] 1909
net.
18,667
Year ending June 30 1910, gross, $484,620; net over taxes, $149,891;
Other Income, $21,936; charges, $118,112; surplus. $53,715.
Pres., Arthur
Cary, Lexington, Ky.—(V. 76, p. 542; V. 91, p. 589, 1025.)
LEXINGTON
M
51,000
4)4 g M
5 g
211,000
M
8,500.000 4. 4)4, 5 A
6 f
750,000
A
1.000 In treasury
1.000
850.000
1,000 Ac
1,500,000
100
388.000
1.000
400.000
1.000
1.000.000
100 Ac
250,000
50
4.943.100
50
3.576.400
1,000
1.500.000
Pres., E. B. Thomas, 143 Liberty St., N. Y.; Asst, to Pres., L. D. Smith;
1st V.-P., J. A. Middleton; Gen. Mgr., J. F. Maguire; Treas., J. M. Baxter;
Sec.. D. G. Baird, 228 So. 3d St., Philadelphia; Executive Committee:
Chairman, E. B. Thomas; Geo. F. Baker, E. T. Stotesbury, Charles
Steele, W. H. Moore, Daniel G. Reid, P. A. B. Wldener and Geo. F. Baer.
Directors—Edward T. Stotesbury, S. P. Wolverton, Alfred C. Harrison,
Wm. H. Moore, Daniel G. Reid, E. S. Moore, Charles Steele, Abram Nesblt,
P. A. B. Wldener, Geo. F. Baker, E. B. Smith and Geo. F. Baer.—V. 90,
p. 698, 914, 1045, 1101, 1676; V. 91, p. 94, 276, 393. 402, 463.)
LEXINGTON ft EASTERN RY.—Owns from Lexington, Ky., to Jackson, Ky., about 92 miles.
V. 73, p. 663.
Stock, $500,000; par, $100. In
Aug. 1910 filed amended articles of Incorporation increasing authorized
limit of funded debt from $4,000,000 to $10,000,000, and authorizing exten¬
sion from Jackson, Ky., along north fork of Kenutcky River to boundary of
Virginia, Ac., 120 miles. V. 90, p. 589.
Bids reported to be let In Oct
1010 to construct extension from Jackson to Whltsburg, 80 miles.
V. 91,
p.
$6,000,000
200 000
155
Brooklyn A Montauk 1st M ($250,000
Amount
Outstanding
....
84
Renewal mortgage
-c
Little Rock ft HotSp West—See St Louis Iron Mtn A Sou.
General mortgage gold
Ce.c*
Long Island RR mtge on ferry tor $2,750,000 g.Ce c*
Stewart Line mortgage of 1952 tor $500,000 gold.Ce
Debenture ($1,500,000) gold not subject to call....
New York A Flushing first mortgage assumed ..Ce
Par
Value
500 Ac
1892
1892
1891
1040^
[VOL.
N
N
N
O
O
O
A
A
J
J
J
T
A
J
A
J
J
N
J
Last Dividend
and Maturity
May 1 1920
Nov 1 1935
Nov 1 1942
Apr 1 1939
Apr 1 1914
Apr 1 1914
Aug 1910 2%
AugUOlO 5%
Jan
Jan
Jan
1 1933
1 1933
1 1932
.Tnlv 1 1017
Feb
1 1956
July 1 1911
Feb 1 1935
LXXXXI
Places Where Interest and
Dividends are Payable
Office. 228 So 3d St. Phil
do
do
Philadelphia
Lehigh Valley RR. Phlla
do
do
do
do
Office. 228 S 3d St. Phlla
do
do
JPMorgan ACo .NY A Phil
do
do
Philadelphia
Philadelphia
J K Tod A
See text
Co. New York
July 1 1910 2% Office, Lexington, Ky.
Portland. Me
July 1 1929
Central Tr. Co., N. Y.
Nov 1 1934
Amer Exch Nat Bk, N Y
July 1 1932
10 Sept 10 ’10. 2
Office. Fosdlck Bldg. Cln
do
do
Q--M 10 Sept 10 *10 1%
M A N Nov 2 1912
Bank of America, N Y
A
A
J
F
J
M
J
J
M
M
J
M
M
J
J July 15 1910 3
A
Aug 1 1918
July 1 1931
Q—J
A D June 1 1938
A
S Mch 1 1922
A D June 1 1932
A D June 1 1934
A
s Mch 1 1920
A
S Mch 1 1911
A D June 11938
A
A
A
N May 1 1911
N May 1 1937
J Jan 11943
Office, 410 Walnut,Phlla
U S Mtge A Trust Co.N Y
do
do
do
do
do
do
do
do
do
do
doALon
do
do
do
do A Lon
do
do
do
do
do
U S Mtge A Trust Co.N Y
The Penn. RR. In 1910 completed an underground tunnel (electric rail¬
road) for passenger service from Jersey City under the Hudson River to a
central passenger station at 33d St. and 7th to 10th avenues, and thence
under the East River to a connection with Long Island RR., and thus with
N. Y. N. H. A H. RR., the Long Island trains beginning to run Into the
station Sept. 8.
See V. 74, p. 830; V. 75, p. 1203; V. 84, p. 931. As
to Improvements, see V. 89, p. 666, 1483.
STOCK.—$12,000,000. par. $50: of which Penn. RR. owns $6,797,900.
DIVID’S.—11882 1883 to 1890 1891 1892 1893 1894 1895 1896 None
Percent
4 yearly
\ 1
4)4
5
5
4
4
since
4)4
BONDS.—The refunding 4s of 1903 ($45,000,000 authorized Issue) are se¬
cured by a lien on the entire road, subject to the $22.592,000 outstanding old
bonds, to retire which an equal amount Is reserved; remainder. $22,408,000. guar, as to prin. and lnt. by the Penn. RR., were sold, the prooeeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for addi¬
tional terminal facilities at Bay Ridge and Long Island City and for a double¬
track connection with the New Haven road, for additional freight and pas¬
senger terminals, tracks, equipment, and to retire old bonds.
V. 78. p.
583. 1549; V. 79. p. 2796; V. 80. p. 1111; V. 81, p. 211; V. 82, p. 868.
Due Pennsylvania RR. Dec. 31 1909 for advances, $8,123,792, on account
of which $6,062,951 debentures had been issued.
Pennsylvania Co. Deo. 31 1909 owned $2,600,000 4% equip, ctfs.
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.
Mtges. on real estate, $1,969,917. V. 76, p. 266: V. 85, p. 160.
In Nov. 1909 authority was given to Issue not over $16,500,000 10-year
4% debentures, of which a portion to be Issued to reimburse the Pennsyl¬
vania RR. for advanoes aggregating $6,062,952 on account of various
improvements during 1905 to 1908, the remainder to cover additional
advances for construction, improvements and new equipment.
V. 89, p.
529, 1411; V. 90. p. 608, 1040.
GUARANTIES.—In addition to guaranteed bonds In table above, guar¬
antees 5% on $650,000 New York Brooklyn A Manhattan Beach
pref. stock
as part rental; also 4)4% on $50,000 P. P. A So. Br. stock and
4)4% on
$82,500 of the New York A Coney Island stock.
The shareholders voted March 14 1906 to guarantee,
principal and Inter¬
est, an authorized Issue of $10,000,000 4)4% 40-year collat. trust bonds of
the Long Island Consolidated Electrical Companies, a holding
company, all
of whose stock is owned, for the trolley lines owned and controlled.
See
V. 82. p. 100,864: V. 84, p. 865: V.86,p.ll57. No bds. sold to Dec. 31 1909.
EARNINGS.—12 mos.,/1909-10
Gross. $9,394,388; net, $2,673,464
July 1 to June 30.
11908-09
Gross. 8,286,316; net, 1,961,244
REPORT.—Report for calendar
year 1009 was in V. 90, p. 1040.
1909.
1908.
1907.
Gross earnings
Operating
$10,898,371
7,452,517
expenses
Net earnings
Total net
Rentals of leased roads
Interest on bonds
lnt. on mtges., ground rents, Ac
Taxes
Miscellaneous
$3,445,854
$3,710,094
581,419
1,803,330
337,130
501,830
169,597
250,000
Extraordinary expenditures
$9,818,545 $10,130,408
7,267,235
8,526,585
$2,551,310
$2,768,178
618,735
1,803,330
152,289
317,325
152,588
$1,603,823
$1,935,892
455,198
1,803,330
67,721
345,198
123,294
Balance
$66,780 def.$276.088def. $858,829
Bond Interest does not Include all the Interest, a “proper proportion” on
securities Issued for Improvements extending through several years, from
which no additional revenue can be derived until completion, having been
charged to cost of construction. See V. 84, p. 865.
Pres., Ralph Peters; Treas., James F. Fahnestock, Broad St. Station,
Phlla.—(V. 89, p. 1411, 1483; V. 90, p. 698, 1040, 1363; V. 91, p. 463.)
LORAIN ft WEST VIRGINIA RR.—Wellington to Lorain, O., 30 miles,
Stock, $2,000,000, all outstanding; par $100. For¬
merly controlled by Wheeling A Lake Erie, but control relinquished in
Oct. 1908, guaranty of bonds being canoeled.
Operated in Sept. 1910 by
receiver of Wh. A L. E. under an operating contract. ‘ Bonds, $2,000,000
authorized.
Citizens’ Savings A Trust Co. of Cleveland, trustee.
Pres.
H. W. Seaman; Sec. and Treas., J. R. Nutt.—(V. 87, p. 1100.)
with branches, 5 m.
LOUISIANA ft ARKANSAS RY.—Owns from Hope, Ark., to Tioga
La., 188.02 miles; extension from Packton to Jena. 29.64 miles; traokage,
Tioga to Alexandria, La.. 8.18 miles; Tioga to Plnevllle. La., 5.02 m., gives
second entrance to Alexandria; branch Mlnden to Shreveport, 27.15 m.;
trackage near Shreveport, La., 2.01 m.; total, 255 m.
Rock Island Co.
uses 36 miles, Packton, La., to Plnevllle, La., under trackage contract.
Extension proposed from Jena, La., to Natchez, Miss., 50 miles.
STOCK.—Stock (authorized, $7,000,000; outstanding. $4,500,000;
shares, par, $100). of which $3,745,000 Is deposited with the standard Trust
Oo. of New York.
Voting trustees 10 years; William Buchanan, Edward E.
Porter, Benj. F. Yoakum. Harvey E. Fisk and Charles L. Pack.
DIVIDEND.—1 H% paid semi-annually since March 1906.
BONDS.—The unissued first 5s (total limited to $7,000,000) are reserved
for betterments, equipment and extensions, of which $1,000,000 reserved
tor bridges across Black and Red rivers, and the balance limited to $20,000
per mile of completed railroad.
The entire amount outstanding, but no
part. Is subject to redemption at 110 and Interest on any Interest date.
Beginning with Sept. 1907 a sinking fund of $55,000 per annum to buy
bonds, It possible, at 110 and Interest or under; otherwise to be Invested.
Bonds so purchased are kept alive In the sinking fund.
Eleven
Months—
Gross
Earnings.
1909-10...$1,209,021
1908-09... 1,093,989
Net
(after
Taxes).
$446,199
326,831
/
Dedut-
Balance»
Income. '
Other
tions.
$94,433
84,279
$267,041
225,991
Surplus.
$272,691
185,119
i>*
ASRBAOTINLWDCSKY.
1Ooi9 0..,]
76
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first pageJ
Miles
Road
Date
Bonds
Par
Value
Amount
Rate
When
Outstanding
%
Payable
[Vol.
Last Dividend
and
Maturity
Long Island (Con.)—Montauk Ext $600,0001st M assu
21 1895
$1,000
a$315,000
5
J
A
J Jan 1 1945
Unified mortgage gold call at 110
316 1899
Usm.cAr
1,000
4 g
5,660,000
M A
S Mch 1 1949
Refund mtge $45,000,000 gold guar p A l.Eq.c* Ar
316 1903
500 Ac 22,408,000
4 g
M
A
s Mch 1 1949
Debentures $16,500,000 authorized
1909
6,062.951
4
J
A D Dec 31 1919
Leased and Controlled Lines, Principal or Interest Guar anteed.
L 1 RR No Sh Br cons M $1,425,000
30 1892
gup A i.Cc.c*
1,000 al .262,000
5 g
Oct 1 1932
Q—J
N Y B A Man V 1st cons M $1,726,000
19 1885
gold guar.Ce
1,000 al.601.000
5 g
A
A
O Oct 1 1935
N Y A Rock Beach 1st M $984,000 guar p A 1
1887
Ce
1,000
a883,000
5 g
M
A
s Sept 1 1927
P P A C 11st and 2d ($96,000 seconds)
10 *86-*91
guar p A 1..
1,000
436.000
4H
Various 1926-1931
Lorain & West Virginia—1st M $2,000,000 gold._c* Ar
35 1906
1.000
4 g
2,000.000
J
A
D June 1 1956
Louisiana fir Arkansas—Stock $7,000,000 authorized.
100
4,500.000 3 In 1910 Seml-an Sept 16 1910
First mortgage $7,000,000 gold (text)
240 1902
S.c*Ar
1,000
4,587.000
M
A
S Sept 1 1927
Sf
Louisiana & North West RR—Prior Hen, gold
35 1895
5 g
1,000
100.000
J
A
J Jan 1 1945
First mortgage $10,000,000 gold
115 1905
MSt.c*
1,000
2.045,000
A
A
O Apr 1 1935
5g
Louisiana Ry & Nav—First M gold (see text)__F.cAr
339 1903
1,000
8,131.000
J
A
4H
g
J
July 1 1953
Second mtge gold $10,000,000 authorized gold—F
339
1907
1,000
2,414,000
A
4H g J
J July 1 1957
Louisiana Southern—1st M g red at 105 since ’02-Ce.c
45 1897
500
5 g
250.000
M A
S Mch 1 1950
Louisiana Western—First mortgage gold
106 1881
Ce.c*
1,000
2,240.000
J
A
6 8
J July 1 1921
Louisville Bridge Co—Stock
100
1,500.000 See text
See text
Xv Hend « St Louis—Stock (
5 % pr nnn-cura )
100
4.000.000
First mtge $2,500,000 gold.VI
182 1896
500
G
2,500.000
J
A
J July 1946
5g
Louisville & Jeff Bridge—$5,000,000 g gu p A1 end.c*
1895
1,000
4,500.000
M A
S Mch 1 1945
g
Louisville fir Nashville—Stock $60,000,000
100 60,000.000 7 in 4 1910
F
A A Aug 10 *10 3H
E H A N 1st M Hend to Nash
g drawn at 110..Ce.c*
155 1879
6 g
1,600
1.265 000
A
J
D Dec 1 1919
Louisville A Nashv gen M gold drawn at 110..Ce.c*
803
1880
1,000 d5,713.000
6
A
D June 1 1930
J
L C A Lex gen mtge gold (V 63,
176 1881
p 1010)
O.c*
1,000
3,258.000
4H g M A N Nov 1 1931
Pensacola Dlv 1st M gold (drawn at 105)
F.c*
45 1880
298.000
1.000
6 g
M
A
S Mch 1 1920
New Orl A Mob Dlv 1st M N O to Mobile g.-F.c*
141
1880
1,000 b4,994.000
« g
A
J
J Jan 1 1930
Second mortgage gold
c*
141
1880
1,000
6 g
1,000.000
J
A
J Jan 1 1930
Southeastern A St Louis Dlv first mortgage gold.c*
208
1881
1,000
6 g
3,500.000
M
A
S Mch 1 1921
Second M gold East St Louis to Evansv A br..c*
208 1881
1.000 83,000.000
3 g
M
A
s Mch 1 1980
First M (50-year 5s) $15,000 per mile gold
Us.c*
192 1887
1,000 fl .749,000
5 g
M
A
N May 1 1937
First mtge collateral trust ($7,000,000) gold
F.c*
1888
1,000 g4.705.000
5 g
M
A
N Nov 1 1931
Unified mortgage for $75,000,000 gold.-Ce.c* Ar Text
1890 1.000 Ac C57.873.000
4 g
J
A
J July 1 1940
St Louis property first mtge gold $650,000
SSt.c
1891
1,000
617.000
5 g
M
A
S Mch 1 1916
Mobile A Montgomery joint mortgage gold
Ce.c
179 1895
1,000
4,000,000
s Sept 1 1945
4H g M A
Pen A At first mortgage gold drawn assumed
c*
160 1881
$1,000 h$ 2023.000
6 g
F
A
A Aug 1 1921
a In hands of public; total Issued shown In left-hand colum
n; bala nee unde r unified mo rtgage.
b. C. e. f, g, see foot^
_
—
—
_
.
...
fr
-
REPORT.— For year ending June 30 1910,In “Chronicle” Oct. 29or Nov.
Year.
Gross.
Net.
Oth. Inc. Chgs Ac.
Dividends. Balance.
1 §09-10
$1,322,761 $487,503 $104,854 $295,007
$112,500 $184,850
1908-09... 1,186,400
360,629
91,557
247,546
112,500
92.140
Pres., Wm. Buchanan, Texarkana, Ark.—(V. 91, p. 463.)
LOUISVILLE BRIDGE CO.—Owns bridge 5,294 feet long
at
over Ohio Rlv.
Louisville, Ky., and about 2 miles track in Louisville. Used by P. C. C.
8> St. L. Ry., Louisv. A Nashv., Ac. Surp. earns, revert to
roads using br'g.
STOCK Is $1,500,000: Penn. Co. owned Jan. 1
1910, $900,300.
Dlvs.
Since 1902: 1903. 13% (V. 79, p. 2747; V. 78, p. 102):
1904. 4%; 1905. 6%;
1906. 7%; 1907, 8%; 1908, 16%; 1909, 8%. For year ending Dec. 31 1909,
gross, $281,478; net, $109,174; other Income. $42,909; charges, $19,394;
divs. (8%), $120,000; bal., sur., $12,689.—(V. 86,
p. 285.)
LOUISVILLE HENDERSON & ST. LOUIS RY —ROAD.—Louisville
Henderson, Ky., 144 miles (lncl. 6 m. trackage); Irvington to Fordsvllle,
Ky., 44 miles; Mitchell to Hartford, Ky., 18 miles; L. & N. trackage, Hen¬
derson, Ky., to Evansville, Ind., 12 m.; total, 218 m;
Lou. & Nash', in
to
com. stock.
V. 81, p. 1100.
EARNINGS.—2 mos.,/1910-..
Gross, $201,496; net, $51,517
July 1 to Aug. 31.
\1909
Gross,
186,404; net,
54,981
Report for year ending June 30 1910 In V. 91, p. 788, showed: Gross,
$1,176,869; net Income, $297,874; charges, $204,574; bal., sur., $93,300
In 1908-09, gross, $1,023,736; net, $238,718.
Pres., Luclen J. Irwin.—
(V. 91, p. 788.)
LOUISVILLE & JEFFERSONVILLE BRIDGE CO.—One-half mile long;
approaches 1 mile; 40 acres In Louisv. and about 60 acres in Jeffersonville.
Stock. $1,425,000; mtge. Is for $5,000,000; bonds for $500,000 are
reserved
for future construction, Ac.; the bonds are
guar Jointly and severally
the
Chesapeake A Ohio and Cleveland Cincinnati Chicago A St. Louis, In by
whose
interest the stock Is owned; any deficit on account of the
bridge is payable
by them in the proportion of one-third and two-thirds respectively—see
V. 60, p. 130; V. 61, p. 327, 559; V. 62, p. 84.—(V.
89, p. 529.)
LOUISVILLE & NASHVILLE RR.—(See Map.)—ROAD.—Operates
main line from Cincinnati, O., to New Orleans, La..
921 miles; with branches
to St. Louis, Mo., Memphis, Tenn., Ac., 3,669
miles, making total system
proper, June 30 1910, 4,590 miles.
Control by Atlantic Coast Line.—Late In 1902 the Atlantic
Coast Line RR.
aoqulred $30,600,000 of the $60,000,000 stock, but the roads are operated
Independently. V. 74, p. 830. 1038; V. 75, p. 733, 1399.
Lines owned absolutely or through
Reported separately—
Miles.
capital stock—
Miles.
♦Nashville Cbatt. A St. Louis
925
Louisville to Nashville
181 ♦Georgia Railroad system
571
Sundry other lines
3,314 ♦Louis. Hend A St. Louis
182
Lines leased, Ac.—
♦Chic. Ind. A Louisville
616
♦South. A North. Ala. RR
Other lines
Operated for other companies
193 Other lines
1
675 Owned but leased to other cos
21
222 Do. Paducah A Mem. Dlv
248
♦See this company.
Total system proper
4,590
Total of all July 11910
7.154
In June 1909 acquired all the securities of the
Louisville A
Versailles, Ky., to Beattyvllle Jet., 101 m., and branch, 3 m. V. Atlantic,
89,
p.
42.
On Oct. 28 1909 took over the Frankfort A
Cincinnati RR., Frankfort to
Paris, Ky., 40 miles, assuming its $160,000 4% bonds. V. 89,
p. 1223.
DIVS.—
’92. ’93. ’94-’98. ’99. *00. ’01-’04. ’05-’07. 1908. ’09. 1910.
SInce’91%\ 4K 4 None. 3H 4 5 y’ly. 6 y’ly. Below. 5H
7
In Feb. 1908 paid 3% in cash and
1% in Louisville Property Co. stock;
In Aug.. 2H% cash.
V. 86, p. 229. 421.
In 1910. 7% (FAA.)
BONDS.—The Evansv. Hender. A Nashv. bonds are drawn at 110
by lot
annually In Oct. for payment Dec. 1 In amounts
Increasing each five years
until $150,000 per year Is
finally reaohed; In 1910, $110,000.
The Pensacola Division bonds are
subject to a drawing winking fund $10.000 In 1907 and Increasing later to
$20,000 In 1909 and 1910.
V. 81, p. 265,
7 26
1
.
{
•
i,
The general mortgage bonds of 1880 are called
at 110 in Increasing amounts
were paid June 1 1910.
V. 90, p. 849.
do
do
do
do
City S A T Co, Clev A NY
Checks mailed
Standard Trust Co, N Y
Boody, McL A Co, N Y
Treas Office, St Louis
Farmers* Trust Co, N Y
R Wlnthrop A Oo. N Y
Co. 120 B*way. N Y
S P
Louisville, Ky
Bk of Amer, NY A Louis
J P Morgan A Co. N Y
71
Broadway, New York
do
do
do
do
do
do
do
do
do
do
.
do
do
do
do
do
do
do
do
do
do
do
do
St Louis Tr Co, St Louis
71 Broadway, New York
71 Broadway, New York
note on next pare.
.
LOUISIANA WESTERN RR.—(See Map of Southern Pacific.) .—Owns
from Lafayette, La., to Sabine River, 105 miles; Abbeville to
Eunice, 59 m.;
Mallard Jet. to Lake Arthur, 34 m.; total, 198 miles.
Operated independ¬
ently. Southern Pacific owns all the $3,360,000 stock. Dividend on
stock In 1905-06 and 1906-07, 10%; in 1907-08, 85%; and in
1908-09, 20%.
In year 1908-09, gross, $1,967,311; net income,
$911,342; surplus over
charges, $709,038.—(V. 74. p. 268.)
eadi year; $474,000
U S Mtge A Trust Co.N Y
do
do
In June 1890 the "unified” mortgage (trustee. Central
Trust Co.) for $75,
was authorized, $41,917,660 bonds
being reserved to retire all prior
Hens (none of the prior Hens can be extended).
the balance for Improve¬
ments, extensions (at the rate of $32,000 per mile.
Including equipment),
and for other purposes.
The mortgage covers (besides 1,994 miles of
road and equipment), $9,59?,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 1910 company re¬
ported $62,848,000 outstanding, of which $4,958,000 In
treasury and $17;000 In sink, funds.
V. 81, p. 1848; V. 86, p. 1344: V. 88.
p. 295.
Mobile A Montgomery—Louisville A Nashville
Joint mortgage Is for $5,000,000; $1,000,000 reserved for Improvements.
V 61, p. 196, 750.
Kentucky Central mtge. abstract V. 45, p. 372.
South A North Alabama
Improvement 5s, due Aug. 1 1936, $1,920,000 authorized, are owned.
Louisville A Nashville Terminal
4s.—Jointly guaranteed, prin. and int..
by L. A N. and Nashv. Ch. A St. L. See form, V. 88, p. 1313.
In 1902 the Louisville A Nashville and the Southern
Ry. acquired $9,706,900 of the $10,500,000 Chic.
Indianapolis A Louisv. com. and $3,873,400 of
the $5,000,000 pref. stock In exchange for their
joint 50-year 4 % bonds. V.
74, p.1138; V.76, p.593. Of the $15,500,000 Joint bonds secured
by deposit
of this stock, $1,563,000 are reserved to
acquire the remaining “Monon”
stock and $2,110,000 for “Monon”
Impr’ts, Ac $500,000 yearly.
The Atlanta Knoxville A Cincinnati division 4s
($50,000,000 authorised)
cover 726 miles.
Of the bonds, an equal amount will be reserved to retire
at maturity underlying bonds, viz.,
Kentucky Central 4s, $6,742,000 Atlan¬
ta Knoxv. A North, bonds, $1,500,000.
The line from Livingston to Jelllco.
61 miles. Is subject to prior lien of unified
mtge. V. 80, p. 872: V. 84, p.1428.
In July 1910 $23,827,000 had been Issued, of which
$10,245,000 sold.
FINANCES.—In Feb. 1910 divs. on Nashv. Chatt. A St. Louis
stock,
$7,177,600 owned (reduced to 5% In Aug. 1908) were restored to 6%.
In Aug. 1908 the L. A N dividend rate was reduced from
6% to 5%
but restored to 6% in Aug. 1909 and Increased to
7% In Feb. 1910.
In Jan. 1909 $29,864,000 bonds
securing the $23,000,000 5-20-year oollat.
trust bonds were sold, the latter being
paid off April 1 1909 and the $6,500,000 3-year notes at or before their
maturity Mch. 1 1910. V. 88, p. 295,
452, 1253.
„
.
U S Mtge ATrCo.N Y
do
do
Am Exch Nat Bk, N Y
000,000
LOUISIANA & NORTH WEST RR.—Owns Magnolia. Ark., to Natchi¬
toches, La., 114.7 miles; trackage. Magnolia to McNeil, 6.4 miles.
Stock, $10,000,000 authorized, of which $2,300,000 outstanding; par,
$100. Car trusts Sept. 1909, $2,500. Of 1st 5s of 1905 ($10,000,000 au¬
thorized Issue), $150,000 Is reserved to retire the old bonds and
$1 .5,000
for Improvements, equipment, Ac.
V. 82, p. 628; V. 85, p. 1462.
For
calendar year 1909, gross, $314,361: net, $68,319.
Pres, and Treas.. Geo.
W. Hunter, St. Louis; V.-P., John Jay Nelson,
Homer, La.; Sec., John A.
Richardson, Homer, La.—(V. 85. p. 1462.)
LOUISIANA RY. & NAVIGATION CO.—Owns New Orleans to Shreve¬
port, La., 305.6 m.; Colfax to Winfield, 28 m.; Alexandria to Jena, 8H m.;
Plneville to Ems, 7 m. Stock auth., $12,000,000;
outst’g June 30 1910, $8,131,000; par, $100.
First mtge. bonds (see table above) are limited to
$17,600,000 total Issue and $23,000 per mile; $300,000 has also been Issued
for a bridge over the Red River at Alexandria; $4,000,000 Is reserved for
New Orleans terminals.
See V. 77, p. 36, 769.
Car trusts outstanding
June 30 1910, $328,672; loans and bills payable,
$206,285.
EARNINGS.—2 mos., 11910
Gross, $262,204; net, $54,691
July 1 to Aug 31.
J1909
Gross, 205,338; net, 38,833
For year ending June 30 1910, gross, $1,419,057; net, $313,175;
taxes,
$49,111; other income, $64,211; charges, $580,047; bal., def., $251,772.
Pres., Wm. Edenborn, Hibernia Bldg., New Orleans; Asst, to Pres, and
Treas., C. Ellerbe, Shreveport; Gen. Supt. A Sec., H. B. Helm, Shreveport.
—(V. 84, p. 390, 450.)
LOUISIANA SOUTHERN RY.—See this section for July 1905.
1904-05 acquired $776,081 pref. and $1,631,385
Places Where Interest and
Dividends are Payable
—
_
lxxxxi.
EARNINGS.—2 mos.,(1910
July 1 to Aug. 31.
(1909
•
Gross, $8,768,867; net. $2,408,011
Gross.
7,950,235; net.
3,070,027
REPORT.—Report for 1909-10, In V. 91, p. 940, 953; see also p. 913.
Year ending June 30—
1910.
1909.
1908.
Average mileage
4,554
4,393
4,347
Freight earnings
$38,421,779 $32,465,969 $31,334,941
Passengers
10,796,998
10,062,535
10,590,948
Mall, express, Ac
3,214,605
2,897,387
2,694,392
_
Gross earnings
Operating
Net
.$52,433,382 $45,425,891 $44,620,281
34,985,579 29,627,499 33,594,291
expenses
earnings
Net, Including Investments, Ac
Taxes
Interest and rent
Advances to S. A N. A., Ac
Sinking fund payments.
Dividends
Surplus
over
dividends....
$17,447,803 $15,798,392 $11,025,990
$19,302,398 $17,117,961 $12,346,658
1,602,632
1.437,992
1,393,760
6,496,311
6,416,329
6,236,187
523,959
411,403
Cr.50,007
266,240
264,302
251,792
(7) 4,200,000 (5H) 3300000(5M) 3300000
$6,213,256
$4,421,388 df.$475,544
OFFICERS.—Chairman. Henry Walters. N. Y.; Pres., M. H. Smith
Louisville, 1st V.-P W. L. Mapother; 2d V.-P.. A. W Moirlws, 71
B’way
N. Y.—(V. 90, p. 849; V. 91, p. 154, 397, 518, 940.
953, 1025.)
LYKENS VALLEY RR. & COAL CO.—Owns from Mlllersburg, Pa., to
WllUamstown, Pa., 20 miles.
Lease to Northern Central Is terminable on
60 day’s notice.
Rental, $35,000 per annum.—(V. 64, p. 330.)
MACON & BIRMINGHAM RY.—Owns Sofkee Jet. to La
Grange. Ga..
97 miles; trackage, Sofkee to Macon,
Ga., 8 miles.
V. 78, p. 584.
On
Feb. 3 1908 a
.
receiver was appointed; John B. Munson Is now
receiver.
V. 86, p. 337.
In year 1907-08, gross, $146,882; op. def., $17,757; lnt.,
taxes and rentals,
$39,223; bal., def., $56,980.—(V. 86, p. 337; V. 91. p. 945.)
MACON DUBLIN & SAVANNAH RR.—Owns road from Macon to VIdalia, Ga.. 93 miles.
Stock, $3,200,000 auth.; outstanding, $2,040,000
(par $100), substantially all owned or under option by Seaboard Air Line
Ry., which guarantees bonds, prin. and Interest. V. 89, p. 43. Of the
bonds, $600,000 are reserved for Improvements and betterments. V. 84,
p. 102, 450. For year ending June 30 1910, gross, $418,464; net,
$137,568;
other Inc., $1,983; Int., rentals, Ac.. $93,128.
Pres.. Homer Lorlng, Bos¬
ton, Mass.; Sec. A Treas., A. S. Hale.—(V. 86, p. 981.)
MAINE CENTRAL RR.—Line of road, Portland to Vanceboro. Me.,
via
Augusta, 251 miles; branches. Cumberland Jet. to Skowhegan, via Lewiston,
91 m.; Bath to Lewiston and Farmington, 76 m.; Belfast,
Foxcroft. Bucksmortand Mt. Desert. Including ferry (7.7m.), 132 m.; Portland A
Ogdensb’g
Ry.,Portland. Me.,to Lunenberg,Vt.,109 m.;small br.,11 m.; Upper Coos
and Hereford railways. Quebec Jet., N. H., to Lime
Ridge, Quebec, 108 m.;
Portland A Rumford Falls system, 104 m.; Bath to Rockland
(Including
steam ferry, 6-10 m.), 49 m.; total, June 30 1910, 932
miles, of which 400
owned, 499 operated under 999-year leases and practically owned,
33 m.
under 50-year leases and 8 m. ferry lines.
In June 1910 Rangeley Lakes A Megantlc RR. was
Incorporated by the
same Interests with $100,000 auth. stock, to build
from Oquossoc, Me.,
terminus of Rumford Falls branch, to Canadian
border, 30 miles.
In Jan. 1904 the entire stock of the Washington
County Ry.. 139 miles,
was purchased. Its 3 Vj % bonds (see table above)
being guar., prin^tnd lnt.,
by end.; but road Is oper. separately. V. 78, iy. 103, 820, 989; V. 79,
p.2640.
In April 1907 control of Somerset
Ry., Oakland to Klneo Station, Me.,
and branch, total. 94 miles, was aoqulred. V. 84,
p. 804, 1183.
In Sept. 1910 purchased the Sebasticook A
Moosehead, Pittsfield. Me
to Main Stream, 15 miles.
V 91, p. 717, 1096.
,
78
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
Miles
Date
Par
Amount
Rate
[For abbreviations, Ac., see notes on first page]
Road Bonds
Value
Outstanding
%
Lou & N (Con)—Hend Br Co 1st M
10 1881
g dr 105-_Ce.c*
$1,000
$1,181,000
6 g
Nashv Flor & Sheff 1st M g assumed In 1900
105 1887
Ce.o
1,000
1,996,000
5 g
Paducah 6s Mem dlv 1st M. $5,000,000
254
1896
1,000 r4,619.000
4 g
Sou A Nor Ala Con M (for $10,000,000)gold .Ma.c*
192 1886
ggu.Ce.c*
1,000
7,292,000
5 g
Newp
A Cln Br 1st M g s f assum gu by Penn Co._F
1895
1,000
1,400,000
4H g
L 6b N-So J't M $7,750,000 red 105 since
1902 1,000 6bc o5 „882 §500
’07.5.0*4*
4 g
Kentucky Central 1st M ($7,000,000) gold ..Mp.c*
247 1887
1,000 J6,705,000
4 g
Atlanta Knoxville 4s Northern first mtge gold
228
1896
Ce
1,000
999,000
5 g
Consolidated mortgage gold $10,000 per mile.. Us
228
1902
1,000
500,000
4 g
L 4b N—Atl Knox 4s C Dlv M $50,000,000.
726 1905 1,000 6sc Zl0,245.000
Us.c*6br
4 g
L 4b N Term M $3,000,000
gold guar jointly..Mao*
1902
1,000
4 g
2,500,000
Louisville New Albany &. Chicago—See Chicago India napoll S 6s Lo ulsvllle.
Lykens Valley—Stock. Rental pays 5%
19i
20
600,000 5 m 1910
—
•.«•••
$2,000,000
Notes $5,000,000
First mtge Penobscot Shore Line RR Co assumed..
K 4b L second mtge (for $400,000) assumed ._BB
European 4b Nor Amer stock 5% rental 999 years..
Portland 4b Ogdensburg stock (2% rental 999 years)
First M. guar, prln and lnt end. V. 86,
p. 1285.
Dexter 4b Piscataquis stock 5% rental 999 years
First mtge Dexter to Dover 4bc guar by end
BB
Hereford Ry stock (rental 999 years)
First mortgage guaranteed prln 4b lnt (endorsed).
Upper Coos RR stock 6% rental 999 years
First mortgage guaranteed prln 4b lnt
(endorsed).
Extension M $21,000 p m guaranteed p 4b 1 (end)
Dexter 4b Newport stock 5%
First M (old 6s refunded In 1897) guar
p 4b 1 end c*
East Maine stk 4 H % rental 999 years
Also $4,975,000 in treas. or In
sinking funds,
f $15,000.
g $424,000h $19,000.
1 $671,000.
c
a.
1896
1907
97
93
First consolidated mort-1 ($269,500 are 5s)
o&r l
gage. $9,000,000
J ($3,265,500 are 4s).__c&r r
Collateral trust bonds for Mt Desert Branch..AB.c
Improvement bonds “A” 4b “B” not mortgage s f_.
Maine Central Eur 4b No Am refunding
mtge gold..
Notes
m
1,000
1.000
100
am
304 f 1872
100 6sc
100 6bc
1,000
1,000
\1872
^
41
1883
a...'
’86-’87
56
•
••
48
48
120
109
109
17
17
53
53
55
22
33
14
14
19
1893
1909
1910
1890
1891
1,000
1,000 6cC
1,000 6bc
1,000
1,000
100
100
_
—
•
•
•
1908
1,000
100
1889
•
•
•
1,000
100
—
1890
1,000
1890
1890
100
500 &c
500 6bc
100
1897
1,000
100
----
See text.
1 $37, 000.
Add’l
n
am
$31,000.
STOCK.—Stock for $2,516,000 owned by Boston 4b Maine. V. 72,
p. 988.
DIVIDENDS.—1884 to July 1903, 6% yearly; Oct. 1903 to July
1907,
7%; Oct., 1907, to Oct.
1910, 8% yearly (Q.-J.).
BONDS.—There are also $81,000 Maine Shore Line 6s
assumed, due 1923*
also $75,500 Belfast 4b Moosehead Lake
mtge. bonds, due 1920, not
anteed, Interest and sinking fund paid out of rental; And. 4b Ken. guar¬
stock
bonds, $11,000, exchangeable for M. C. stock; Maine Central Interest
scrip
exchangeable for consol, bonds, $8,192. Jointly with B. 4b M.
guarantees
$300,000 Portland Union Station bonds.
In 1909 sold $2,000,000 4%
5-year notes and in Mch. 1910 $5,000,000
4H% 2-year notes. V. 88, p. 686; V. 90, p. 849.
EARNINGS.—2 mos.,(1910
Gross, $1,619,133; net, $466,187
B^July 1 to Aug. 31.
\1909
Gross,
1,641,604; net,
652,364
^ANNUAL REPORT.- Report for 1909-10 was In V. 91,
p. 788.
Year ending
1910.
1909
Year ending
June 30—
$
June 30—
$
Gross earnings..8,922,312 8,337,724
Deduct—
Net Income
2,544,783 2,269,437 Dividends (8%).
Deduct—
Hire of equlp’t..
Interest
754,210
665,1061 Sinking fund...
Rents
902,153
900,6191Additions, 6fcc_.
Leased line lmp’ts
.
fct(rentals)
....
1910.
$
1909.
$
398,152
76,024
13,440
217,488
398,152
76,423
13,440
113,733
46,847
101,964
136,468
balance, surplus
il
President, Charles
S. Mellen.—(V. 91, p. 717, 788, 1096.)
MANCHESTER & LAWRENCE RR.—Owns from Manchester, N. H.. to
Methuen (State Line), 22 H miles.
Leased for 50 years from Sept, 1 1887 to
Boston 4b Maine at rental paying 10% dlv.
In 1895 a dlv. of 50% paid from
proceeds of C. 4b M. suit.—(V. 73, p. 1264.)
MANHATTAN RY. (ELEVATED).—(See Map Interborough
Rapid Tran¬
Co.)—Owns all the elevated railroads In boroughs of Manhattan
and the
Bronx. N.Y. City, main line and branches. 87H miles,
double-tracked, with
42 H miles additional third
track, sidings, 4bo.; total track, 118 miles; 3d
rail electric.
V. 70, p. 176, 633; V. 75, p. 733.
LEASE.—The Interborough Rapid Transit Co. leases the road for
999
years from Nov. 1 1875, guaranteeing 7% per annum on the stock.
V.75,p.
1202, 1302; V, 76, p. 212; V. 79, p. 2456; also
Interborough
Transit
Rapid
Co., V. 76, p. 101.. Guaranty. V. 76. p. 480.
BONDS.—Consols beyond $40,000,000 may be Issued for extensions at
3300,000 per mile of single and $600,000 per mile of double track.
Of the
bonds, $11,712,000 are tax-exempt.
(See abstract of mtge. In V. 51,
p.1248, and compare V. 87, p. 285.)
To May 1898 claims aggregating
$8,847,854 had been paid as damages to
abutting property. In Jan. 1907 franchise taxes for 1900 to 1905
($3,170,142) were paid and In 1909 those for ’06 to ’08
($1,706,403). V. 89, p. 42.
DIVIDENDS.
1*89. ’90-’96. ’97. ’98. ’99. ’00. ’01. ’02. ’03. Since.
Since 1888
%J5M 6 yearly 4 M 4
4
4
4
4 ,7H' 7 yearly
REPORT.—For year ending June 30 1910 (V. 91, p. 714):
Year ending June 30—
1909-10.
1908-09.
Inc. or Dec.
Gross operating revenue—
..$15,055,142 $14,333,393 +$721,749
Net, after taxes
7,273,307
6,400,359
+872.948
Gross Income
7,298,942
6,424,888
+874,054
Interest and rental received
1,657,754
1,645,350
+12,404
Dividends, 7%
4,200,000
4,200,000
sit
Balance, surplus
$1,441,188
$579,538 +$861,650
—(V. 87, p. 37. 285, 1301; V 89, p. 42, 1280; V. 91, p.
94.)
MANILA RR.—(Gauge, 3 ft. 6 in.)—This co., organized In New
Jersey
In 1906, has taken over and Is operating the
only steam road on the Island
of Luzon, Philippine Islands, being the 208 miles of road
previously owned
by the former (English) Manila Ry. Co., and, having obtained additional
concessions, Is largely extending the system (V. 88, p. 1313; V. 91,
p. 215;
V. 83, p. 1348).
The Island named has an area of 40,969 sq. miles and a
population, last census, of 3,798,000.
Total lines authorized, 820 miles, viz.: (1) “Northern
Lines,’’ to comprise
about 350 miles north of Manila; (2) the “Southern
Lines,’’ 470 miles, all
but about 20 miles to the south of Manila, and a Port Line in
Manila con¬
necting with the Government wharves and warehouses. In operation Aug.
1910, 286 miles of Northern Lines and 70 miles of Southern Lines.
The two
systems (and their accounts) are required to be kept distinct, as if owned
by
separate companies, but under the same management. The
Speyers are
financing the enterprise.
Of the stock, $3,652,800 7% cum. pref. and $2,130,700
all but
directors’ shares are held by the Manila Ry. (1906), Ltd. common,
(see below).
BONDS.—The Manila RR. (Southern Lines) 1st gold 4s of
1909, guar¬
anteed as to interest by the Philippine Government under Act of
U. S. Con¬
gress, are limited to $30,000,000, of which $2,000,000 were sold and
offered
by Speyer 6s Co. in July 1910. They are issuable up to the cost of road and
equipment constructed or acquired prior to the supplementary grant of
1909 and to 95% of cost subsequent thereto.
The bonds are redeemable
as a whole at any time at 110 or
by lot for a sinking fund of H of 1 % yearly
from May 1 1919 to Apr. 30 1928 and 1%
yearly thereafter. V. 91, p. 215,
276, 717.
All the outstanding bonds on the Northern Lines
(see table above), namely
$4,330,000 1st M. 6% bonds and $7,716,000 2d M. 7%
bonds, as well as au
the stock heretofore Issued by the Manila
RR. Co. (excepting shares to
qualify directors), are owned by the Manila Ry. Co. (1906),
Ltd. (an Eng¬
lish oo. whose auth. capital Is £2,000,000 In
5% non-cum. preference shares,
all out, and £2,000,000 In
ordinary shares, of which £399,270 Is out),
and are deposited with the Merchants’ Trust
Co., Ltd., as collateral for the
bonds issued by the Manila Ry. Co.
(1906), Ltd.: (a) £2,000,000 4% “A”
debenture bonds, due Jan. 15 1956
(may be Increased by £250,000); and
(b) subject to the prior lien of said “A”
debentures for £1,880,000 4% “B”
debenture bonds, due April 15 1956, total auth.
Issue £2,000,000 (which
may be Increased by £250,000). V. 87, p. 166.*
V. 88, p. 1197; V. 90, p. 303
When
Payable
M
F
F
F
J
6b
6b
6b
J
J
M
M
J
6b
6b
6b
6b
6b
500,000
5 g
6 g
1,240,000
4.984.700 8 in 1910
5 6b 7
4.193,500
4.790,500 4 6b 4H
669,000
450,000
1,000,000
2,000,000
5,000,000
1,300,000
400,000
2.494,100
4.392,538
2,119.000
122,000
175,000
800,000
800,000
350,000
350,000
693,000
122,000
175,000
200,000
5
4H
4 g
4
4 H
4
5
5
2
4K
5
4
4
4
6
4
4H
5
4
4
H
6b
6b
P
—
—
[VoL.
Last Dividend
and Maturity
S Sept 1 1931
A Aug 1 1937
A Feb 1 1946
A Aug 1 1936
J July 1 1945
July 1 1952
J July 1 1987
D Deo
S Mch
N May
D Deo
1 1946
1 2002
1 1955
Places Where Interest and
Dividends are Payable
71
Broadway, New York
do
do
do
do
do
do
do
do
J P Morgan 6b Co, N Y
71 Broadway. New York
do
do
do
do
do
do
1 1952
Q— J
Oct 1 1910 lk
6b
J July 1 1946
6b
J Jan 1 1947
Q—J
Oct 1 1910 2%
A
6b Ol 1 Apr 1 1912
A 6b Of (Apr 1 1912
J
6b
Junel 1923
J
6b
J July 1916-1917
J
6b
J Jan 1 1933
Q—J
April 1 1914
A
6b
O April 1 1912
F
6b
A Aug 11920
F
6b
A Feb 1 1921
A
6b
O Oct 15 1910 2H
-F
28
QAug 31 ’10, H%
M 6b N Nov 1 1928
J
6b
J July 1910 2
J
6b
J July 1 1929
M 6b
N Nov 1910
2%
M 6b
N May 1 1930
M
6b
N Nov 1910
3%
M 6b
N May 1 1930
M 6b
N May 1 1930
6b
J
J July 1910 2H%
M
6b
S Sept 1 1917
M 6b
N Nov 1910 2H%
J
J
ts. owned b 7 Co. Se pt 1910, viz.:
r$217 .000 s $2,000 Z$13,582, 000.
LXXXXI
b $6,000.
Office. 13 William St.N Y
No coupons ever paid
New York Trust Co, N Y
Office, Portland. Me
N Y, Boston 6b Portland
do
do
American Trust, Boston
N Y, Boston 6b Portland
do
do
do
do
do
do
do
do
do
do
Treas. office,Bangor,Me.
Maine Cent Off. Portland
N Y, Boston 6b Portland
Office, Dover, Me
Bos Safe Dep 6b Tr Co
Treas. office, Portland
N Y, Boston 6b Portland
Office, Portland, Me
N Y, Boston 6b Portland
do
do
Treasurer’s office, Portl’d
N Y, Boston 6b Portland
Office. Rockland. Me
d $24,000.
P Coupons J6bJ;
reg Q-J.
DIRECTORS AND OFFICERS.—Horace L. Higgins (Pres, and Gen.
Mgr.), Manila; J. G. Metcalfe (V.-P.), David D. Davis (2d V.-P.), Alex.
Amend, D. P. Bennett, Chas. A. Conant, Richard Schuster, Wade
Gard’ner,
J. G. Milbum, New York; Frank
McIntyre and Paul Charlton, Bureau of
Insular Affairs, Washington, D. C.; E. M.
Heberd, New York, is Sec. and
Treas., and Harding W. Dunnett, Manila, Asst. Sec.
N. Y. office, 45
Nassau St.—(V. 91, p. 1025.)
MANISTEE & GRAND RAPIDS RR.
MANISTEE & N. E. RR. and
MANISTIQUE & LAKE SUPERIOR.,—See page 165.
MANISTIQUE RY.—V. 91, p. 519, 946.
MANITOU & PIKE’S PEAK RY.—See page 165.
MARIETTA COLUMBUS & CLEVELAND RR.—Receiver discharged
Sept. 1909, company resuming possession. V. 89, p. 593, 1542.
MARSHALL & EAST TEXAS RY.—See page 165.
MARYLAND DELAWARE & VIRGINIA RY.—See page 165.
MARYLAND & PENNSYLVANIA RR.—Baltimore. Md., to York. Pa.;
80 miles, with branch, Delta to Peach Bottom, 4
V. 72, p. 339.
m.
In
April 1910 obtained the right to build to tidewater. V. 90, p. 1171.
STOCK AND BONDS.—Stock authorized,
$3,600,000, of which $1,997,500 reserved for future requirements.
In 1902 the authorized Issue of the
first 4s was reduced from $2,700,000 to $1,200,000. of which
$203,000 are
reserved to retire the York and Peach Bottom 5s and $100,000 addi¬
tional for future purposes, 6sc.
V. 74, p. 94, 427; V. 79, p. 2205.
Mary¬
land 6b Pennsylvania Terminal guaranteed bonds. V. 82, p. 1041, 1102.
Equipment notes Dec. 31 1909, $30,000. Paid on Incomes 1901, 3%; slnoe
to April lolO, inclusive, 4% yearly.
EARNINGS.—9 mos.,(1909-10
Gross, $302,731; net, $88,071
July 1 to Mch. 31. \l908-09
Gross,
276,994; net,
87,319
REPORT.—For year ending Dec. 31 1909, gross, $399,720; other Income,
$1,895; net, $124,767; lnt. on bonds, 6bc., $106,564; bal.. sur., $18,203.
Pres., John Wilson Brown.—(V. 86, p. 421; V. 88, p. 506, 1171.)
MASON CITY & FT. DODGE RR.—(See Map Chicago Great Western.)—
Owns road from Oelweln, la., to Council Bluffs, 259
miles; Hayfleld. Minn.,
to Clarion, Iowa, 100 miles; branches to
Lehigh and Coalville, Iowa,
19 miles: trackage. Council Bluffs to South
Omaha, 8 miles; total, 386 miles.
The Chicago Great Western owns entire
outstanding com. stock ($13,205,400 of the auth. $20,000,000) and the non-cum. 4%
pref. stock ($13,635,752
of the $14,000,000 auth.), and operates the road as
part of its main line to
Omaha, under a 100-year agreement dated April 30 1901, and later modified,
the M. C. & Ft.D. receiving 60% of all
earnings from business interchanged.
Any surplus of net earnings after payment of Interest on bonds
and pref.
stock Is to be held In trust by C. G. W. for
payment of future coupons.
This surplus on June 30 1909 amounted to
$1,069,714, a reduction of $105,927 In 1908-09.
In 1905 $12,000,000 4% bonds were sold.
Compare Chic.
Great Western Ry. and V. 73, p. 566, 616, 722; V. 77,
p. 640; V. 78, p. 1782
V. 80, d.
2621.
EARNINGS.—12 mos.J 1908-09
Gross, $1,919,966; net, $571,472
July 1 to June 30.
\l907-08
Gross, 1,796,144; net, 594,352
Report for year 1906-07 In V. 85, p. 1030. In 1907-08, gross, $1,796,144;
net, $594,352; charges, $640,577; bal., def., $46,225.
Later earnings In¬
cluded In those of C. G. W. system.—(V. 88, p.
1437.)
MASSAWIPPI VALLEY RY.—Province Line to Lenoxvllle. One.. 34
miles, with branch. 3 m.; trackage to Sherbrooke, Que., 3 m.: total, 40 m.
Leased for 999 years from July 1 1870 to the Connecticut 6b
Passumpsle
Rivers RR.
Stock, $800,000; par of shares. $100; dividends payable
Feb.
and Aug. 1.
Dividends, formerly 6%, 6% since Jan. 1 *97. Of the stock,
$400,000 owned by the Conn, 6b Pass. River Is deposited under its mtge. and
$50,000 represented by Connecticut Trust & Safe
Deposit Co. of Hartford
5% trust certificates was purchased Feb. 1 1910 under Its
option at par.
McCLOUD RIVER RR.—Owns from Sisson, Cal., to MoGavlo. 50.8 miles.
Stock. $1,200,000.
Bonds ($1,200,000 auth.). Mercantile Trust
Co., San
Francisco, mortgage trustee. V. 85, p. 1005. In Cal. year 1909,
gross,
$427,155; net, $202,849.
For year ending June 30 1909, gross, $427^089;
net, $160,933; lnt., taxes, 6bc.. $151,093: bal., sur.,
Pres, and
$9,840.
Gen. Mgr., J. H. Queal, San Francisco, Cal.—(V.
85, p. 1005.)
MEADVILLE CONNEAUT LAKE & LINESVILLE.—MeadvlUe to
Llnesville, Pa., 20.5 miles, and branches. 1.2 miles; total, 21.7miles. Leased
to June 8 1990 to Pittsburgh Bessemer 6b Lake Erie
RR.; rental, 25% of
gross earnings.
Stock, $200,000; par, $50.
MEMPHIS DALLAS & GULF RR.—Owns from Murfreesboro,
Ark.,
southwest to Ashdown, 41 miles; extensions proposed north
to Memphis,
Tenn., 255 miles, and south to Dallas, Tex., 186 miles.
In June 1910 ac¬
quired the Ultima Thule Arkadelphla 6s Mississippi RR., Dalevllle, Ark., to
Sparkman, and the Antoine Valley, Graysonla to McLeod, Ark., total,28 m.
Stock authorized, $7,875,000, as Increased July 1910;
par $100; outstand¬
ing Sept. 1910, $640,000.
Stockholders In May 1910 authorized a mtge.
to secure $6,260,000 30-year 5% bonds to extend road. V.
90, p. 1239. Of
the $640,000 6s, the $420,000 sold are guar.,
p. & 1., by the Nashville (Ark.)
Lumber Co.
Loans and bills payable June 30 1910, $35,955; construction
notes, $186,841.
For year ending June 30 1910 (average 44
miles), gross, $149,469; net,
$42,882; other Income, $16,791; lnt. and rentalSj$42,483; bal.,sur., $17,190.
Pres., W. W. Brown, Camden, Ark.; Sec., J. W. Bishop, Nashville, Ark.;
Treas., W. E. Barkman, Arkadelphla, Ark.—(V. 91, p. 154.)
MEMPHIS UNION STATION CO.—To own union
passenger station at
Memphis, Tenn., to be used by Loulsv. 6s Nashv., Nasnv. Chatt. 6b St. L.,
Southern Ry., St. L. Iron Mt. 6s So. and St. Louis Southwestern.
Interest
charges and expenses are to be apportioned among the lines on the user
basis.
Stock, $100,000. In Nov. 1909 made a mtge. to the Bankers’
Trust Co. of N. Y., as trustee, to secure an issue of
$3,000,000 50-yr. 4%
Sold
1959, guar,
jointly
of which $2,
bonds
due Nov.to 1secure
by 5 roadsguar.
named,
00,000
Is pledged
Issue
of $1,500,000
2-yr. 5% notes
an
which have been sold (9ee table above).
V. 89, p. 1411; V. 99,<n
V. 91, p. 94; V. 89, p. 1542.—(V. 90, p. 286; V. 91,
p.
94.)
.
236;
O
BASRTOANILWCDKSY
19 0.|
Oar.,
bO
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
(For abbreviations, Ac., see notes on first page]
Maine Cent (Con)—Wash Co 1st M
p m gold guar red.
Somerset Ry notes (1,500.000 guar prln A lnt—Portland Union Station series "A” & “B” (texr
Portland A Rumford Falls RR—See that com]
Mites
Road
Date
Bonds
139
1904
1907
’87-’89
Tr.
Par
Value
(1,000
2d M
on
“Nor Lines” (3d on Sou) (12,500,000 a
Manistique A Lake Sup—Inc
M 4% n-c (1,300,000 au
Manist & N E—1st M g due part y’ly red text..AC.c*
Manltou &. Pike's Peak Ry—1st M (500,000 g~. Fc*
tarietta Columbus A Cleve—First M (250 000 g---K
100
68
165
9
44
71
40
80
80
1,000
100
1886
1890
1,000
1,000 Ac
1909
1907
1907
1909
1909
1,000 Ac
i
d Del A Va—1st M (2,000,000 auth gold guar p A I
aryland & Pennsylvania—York A Peach Bottom M
50 Ac
First mortgage (1,200,000 gold call at 105-MeBa.c*
1,000
Income mortgage (900,000 4% cum call at par.MBs
1,000
Maryland A Pa Ter 1st M (200,000 g gu p A 1 red 110
1906
1,000
Mason City & Ft Dodge—1st M $12,000,000 g Ce.cAr
378 1905
1,000
37
Massawippi—Stock guar same dlv as Conn A Pass—
100
McCloud River—First mortgage (1,200,000
1907
1,0)0
Meadville Conneaut Lake A Linesville—First mtge...
22 1891
1,000
Memphis Dallas A Gulf—First mtge (6,260,000 gold.
1910
Mem Paris A Gulf—1st M gold red 103 begin 1919-’08-’09
1,000
Memphis Un Sta—Coll notes red beg May 1910 _Unc*
1909
1,000
Meridian Terminal—First mtge (250,000 g ku_S c*Ar
1905 1,000 Ac
Mexican Central—See National Railways of Mexico
Mexican International—See National Railways of Mex ico
Mexican Mineral—1st M $500,000 g red 110 s f
16 1899
Mo
Mexican Northern—Stock, (3,000,000
100
First M U S gold, red 105, s f.
G c*Ar
83
1890
1,000
Mexican Railway Limited—Ordinary shares...
£10
First preference stock 8%
£10
Second preference stock 6%
£10
Perpetual 6% debenture stock
361
£10
2d aebeng £1,000,000 auth red
1909
£100
par beg 1912 s f
Mexico North Western—1st M gold red text
1909
£100
— —
—
—
..
_
a
Exclusive of (952.000 held by winking fund.
h (1
0.000*
sddltlo nsl
MEXICAN INTERNAT. RR.—Merged In 1910 Into Nat. Rys. of Mexico.
EARNINGS.—(Mex. cur.)) 1909-10..Gross, (8,920,854; net, (3,786,093
July 1 to June 30 (12 months)^ 1908-09. .Gross, 6,953,284; net, 2,905,807
ANNUAL REPORT.—For year ending June 30
1909, V.89, p.1593.1604.
Fiscal
Total rec'ts
Net rev.
Net rev.
Other
lnt. on
Balance.
Year—
(Mex.cur.) (Mex.cur.) (V.S.curJ Income. Bonds.Ac.
Surp.,
1908-09
(6,953,284 (2.822.538 (1,411.269
(705 (745,360 (66 .615
1907-08
8,281.566
1 315,794
2,631,588
3.323
754,570
564.547
N. Y. office, 25 Broad St.—(V. 89, p.
1593.1597,1604; V. 90, p.
1554.)
MEXICAN NORTHERN RY.—Owns from Escalon, Mexico, on the Mex can Central Ry., to Sierra
Mojada. 83 miles, all steel.
STOCK.—Capital stock Is (3,000,000; par of shares, (100; see application
In full for listing on N. Y. Stock
Exchange, V. 64. p. 619.
In June 1909 it was arranged to extend the
(708,000 outstanding 6%
bonds to Dec. 1 1930, the obligation to
pay to the sinking fund interest on the
(952,000 bonds held by the fund to cease; but sink, fund of
5% of
earnings and Interest to continue on bonds acquired by the fund gross
after
Dec. 1 1910.
V. 88, p. 1437, 1500.
In Oct. 1910 over three-quarters of the
bonds had
consented to the extension.
V. 89, p. 104; V. 91, p. 1026.
DIVS.—
J ’93. ’94. ’95-*99. ’00. ’01. ’02. ’03. ’04-’08. ’09.
1910.
Percent
1 6 4
6 4 y’ly.
5
4M 2H
13
None.
May. 2
On Nov. 30 1909 2% for
half-year ending June 30 1909; Dec. 22 1909,
11%, being 2% for period from Jan. 1 1903 to Jan. 1 1909.
V. 89, p. 1280.
REPORT.—For year ending Dec. 31, U. S.
currency.
Year—
Gross.
Net.
Oth. Income.
Charges.
Surplus.
1909
(311,686
(190,047
(56,894
(115,184
(130,024
1908
397,176
256,217
51,617
123,705
184,128
—(V. 88, p. 1313, 1437, 1500; V. 89,
p. 104, 1280; V. 91, p. 1026.)
p.
39, 215. MEX. DEL. CEN.—V. 91, p. 215.
MEXICO NORTH WESTERN RY.—Owns Chihuahua to
Mlnaca, 122
miles; and La Junta to Temosachlc, 55 mies; El Paso to
Terrazas, 160 miles;
El Paso Southern Ry. (terminals In El
Paso), and Temosachlc to Ma¬
32 miles; total, 370 miles; contracts
have been let to con¬
Madera amounting to about 105 miles
(for which concessions have been
granted), which it Is expected will be in
operation by June 1 1911.
One terminal will be at El Paso,
Tex., and an¬
other at Chihuahua, at both of which
large smelting works exist. In Aug.
1900 also acquired timber lands.
those of Sierra Madre Land A
Lumber Co., in all about 3,000,000Including
acres, largely covered with pine forests,
which will be cut and sold.
See V. 88, p. 749; V. 89, p. 348,
470.
Stock. (40.000,000 (par. (100), of which
(15.000.000 Issued March 1910.
BONDS.—Present limit £5,000.000, of which
£3,632,600, Issued June
1910, may be Increased for extensions,
terminals, double-tracking and other
special purposes; National Trust Co. of
Toronto,
trustee.
Bonds are redeem¬
able at par March'l 1959 by annual
paym’ts, commencing in 10 years, to be
applied in annual drawings at par or by purchase
at or below par. or as a
whole at 105. V. 88, p.749.
Coupons payable at Bank of
London,
Guaranty Trust Co., New York, and Bank of Commerce, Scotland,
Toronto.
EARNINGS.—(Mex. cur.) (1910
Gross, (1,440,772; net, (807.981
Jan. 1 to Aug. 31.
11909
Gross,
802,859; net,
246 791
OFFICERS.—Pres., F. S. Pearson, 25 Broad St., N. Y.; V.-Ps., E. D.
Kenna and Walter Gow, 27 Pine
St., N. Y.; E. C. Creel, Mexico City, Mex.;
dera,
struct extensions from Terrazas to
Sec., Clarence Wells, 20 Exchange Place, N. Y.—(V.
91, p. 790.)
MICHIGAN CENTRAL RR.—(See Maps New York
Central A Hudson
RivzrJ—LINE OF ROAD.—Main
and Windsor to Suspension Bridge line—Kensington to Detroit, 270 m.
(Canada Southern). 226 m.; toted main
line
496 miles.
Branches owned and
Into Chicago under perpetual lease 14leased, 1,236 m.; trackage (Ill. Cent.)
m.; total, Jan. 1 1910, 1.746 miles
There are 541 m. of 2d track and
1,293 m. of side tracks.
Branch from
Sailings, Mich., to Johannesburg, 14 m., was
Chicago Kalamazoo
A
Saginaw
opened May 1910.
Ry., Pavilion to Woodbury, Mich., 55 m..
Is controlled but operated
independently. V. 84, p. 50.
The third-rail electric tunnel
road under the Detroit River from
Windsor,
Ont., to Detroit, Mich., 2.42 m. long, under the
charter of the Detroit River
Tunnel Co., opened for traffic
July
26 1910, is leased for 999 years from
Jan. 1 1907.
See BONDS below.
V. 80, p. 2343; V. 82, p.
84, p. 839, 1052; V. 90. p. 710; V
91, p. 276.
V 1156;* V
CONTROL.—The N. Y. Cent A Hud. River RR. Co.
in April 1898
(US In Its 3 4% 100-year gold bonds for
(100 stock, and so holds
16,814,300 of the (18.738,000 stock Issued.
DIVID'S.i'85-86. ’87-89. ’90. '91. '92-94. '95-06. »07.
’08 ’09. 1910.
Per cent—\
nil.
4 yriy.
5
5 54 yrly. 4 yrly.
6
8
6
6
BONDS.—Battle Creek A Sturgis bonds for
(500,000, but of this
was sub-guaranteed
by the Lake Shore A Mich. So., 7 miles of the B. (79,000
C. AS
being operated by that
company. The (1,725.000 3 4s of 1901 are a 1st
mtge. on the Jackson Lansing
A
Saginaw RR., 350 miles (V 73. p. 1061
V. 76, p. 1027.)
Of the (18,000,000 3 Ms of
1902, (4,000,000 are re¬
served
for
Ac.
V. 74, p. 728; V. 76,
additions,
p. 102; V. 83. p. 1229
First 4s on Joliet A Northern
Indiana,
see V, 84, p. 1367, 1428.
Toledo Canada So. A Det. guar. 4s
of 1906. see V 82, p. 930; V.
The Detroit River Tunnel
85, p. 406
bonds, authorized issue (15,000,000 (see
above).
bearing lnt. at not exceeding 5%, will be
guaranteed. V. 82, p. 868, 1156.
In
April 1909 an issue of (25,000,000 4% 20-year debentures was authorlzed, of which (7,636.000 sold to
provide for advances to Detroit Rivet
tin1Snn
«aJ}d irl Juile
(17,364,000. of which part to retire the
,5% notes MUe
1 1910- Of the (4,500,000 authorized 4s
RR. (1,500,000 have been issued
SpPt. 1 1909, (1,500,000 are reserved for double to retire the
tracking, Ac.,
ii°t’S20^000
p-
10
4
7
5
4 g
is
Last Dividend
J
J
A
A
A
M
A
A
A
M
A
A
J Jan
250.000
5 K
5 g
5
2,000,000
202,450
897,000
900,000
200,000
12.000.000
800.000
Maturity
1 1954
D June 1 1911
J July 27-Jan 20
Places Where Interest and
Dividends are Payable
N Y, Boston A Portland
do
do
Fidelity Tr Co, Portland
N Nov 1
J
J Jan 1
Q—J
Oct 1
M A
S Mch 1
1910 5% Manchester and Boston
1922
Boston A Me RR, Boston
1910 1H 21 Park Row. New
York
1916
Mercantile Trust Co. N Y
O Apr 1 1990
do
do
N May 1 1939
N Y, London, Ac
Jan 1 1956
7
1,100,000 Up to 4
1.500,000
5 g
500,000
5 g
and
LXXXXI.
J
J
A
M
F
M
M
4 In 1909 A
5 g
M
4 g
J
6
F
1,200.000
5
A
200,000
5
J
5 g
NoneSep’10
640,000
6 g
J
1,500.000
5
M
250,000
4 g
M
A
A
A
A
A
A
A
A
A
A
A
J
April 1 1956
Aug 1 1934
A
J
O
N
A
S
S
O
N
D
A
O
J
A
A
A
N Nov 1 1911
N May 1 1955
A
Jan
Oct
NOV
Feb
1912-1939
1 1928
1 1940
1 1955
Apr 1 1932
Mch
1 1951
Apr 1 1951
May 1 1936
Detroit
N Y
A
Grand
New York and
Rapids
Chicago
Treasurer’s Office, Phi la
First Nat Bk, York. Pa
Brown Bros, N Y; A Balt
do
do
Alex Brown A Sons. Balt
J P Morgan A Co, N Y
3% Safe Dep A Tr Co, Bost
Junel 1955
Aug 1 1910
April 1 1837
July 1 1921
1940
J Jan 1 1928-29
Merch Nat Bk. Meadv.Pa
Merc Tr Co, Little Rk,Ar
Standard Trust Co, N Y
b340.000
F
&
® K
A Aug 1 1919
Guaranty Trust Co. N Y
3,000,000 See text M A N May 2 1910
2%
a7')8,000
6 g J A
D See text
Office, 82 Beaver St, N Y
£2.254,720
Oct 221910 4%
£2.554.100 8 in 1910 A A O Oct 221910, 4%
Glyn,
Mills, Curried Co.Lon
£1,011,960 4 7-16*10 A A O Oct 22 1910,3/«
do
do
£2.000,000
6
J
A
J Perpetual.
do
do
£500 000
A
A
44
0 Dec 1960
do
do
£3.632.600
5 g
M
A
s Mch 1 1959
Guar Tr Co, NY A Tor
In sin king fund
MERIDIAN TERMINAL CO.—Owns passenger station at Meridian, Miss,
opened Sept. 1 1906, and used by the Southern Ry., Mobile A Ohio, New
Orleans A Northeastern RR.. Alabama A
Vicksburg and Alabama Great
Southern, which own one-fifth each of the capital stock ($100,000 auth.,
of which (89,000 Issued Sept. 1908) and guarantee the bonds
Jointly and
severally by endorsement; form, V. 85, p. 601. Pres., D. D. Curran; Sec.,
W. J. Kelleher.—(V. 85. p. 601. 1402.)
MEX. UNION.—V. 91,
1.000,000
274,000
60.000.000
1,000,000
39.777.000
2,000,000
See text
See text
1.000
1,000
1,000
1.000
1908
1890
1905
1882
1901
1901
^
5
4
,666
When
Payable
34g J
1,500.000
800.000
1,000
1892
37
32
37
Rate
%
(2,500,000
1,000
22
Manhattan (Elevated) Ry. N Y—Stock (60.000.000N Y Kiev debentures secured by cons
mtge of 1890..
Amount
Outstanding
[VOL.
945'1002- 1061'12541
_
In Oct. 1910
Issue of short-term notes,
possibly (17,500,006 in amount,
V. 91, p. 1026.
Jointly with four other roads, covenants to
(30,000,000 car trusts of 1907 and 1910, the pay New York Central Lines
company’s share of equipment
leased being (3.906,382 and
(4,300.000 respectively. V. 85, p. 1402; V. 86,
p. 168; V. 88. p. 761; V. 90, p. 1677.
was
an
contemplated.
EARNINGS.—8 mos.,J1910
Gross, (19.266,644; net, (5,448,435
Jan. 1 to Aug. 31.
U909
Gross, 17.285.119; net, 5,296,189
ANNUAL REPORT.—Report for 1909 at
length was In V. 90. p. 691, 710
Year ending Dec. 31—
1909.
1908.
Change.
Railroad revenues
(27,415,467 (24,222,139+(3,193,328
Oper. inc.. after taxes
(7,743.255 (6,313,644 +1,429,611
Other income
941,481
843,519
+97,962
Gross corp. Income
Rentals leased lines
Interest on bonds, Ac
Other rents A miscel
Hire equiDt., incl
lnt__
Add’l equip., betterments, Ac
Dividends, 6%
(8,684,736
(510,310
3,198.875
659,360
.
"
894,769
548,925
1.124,280
(7,157,163+(1,527,572
(510,310
3,110,835
495,451
1,018,312
395,135
1,124,280
+ 88,040
—163.909
—123,543
4-153,790
Balance, surplus
(1,748.217
Pres., Wm. C. Brown, N. Y.—(V. 90, p. 1614; V. (502,840+(1,245,377
91, p. 276, 1026.)
MIDDLETOWN UNIONV1LLE A WATER GAP RR;—(See
Map ErU
RR. Co.)—Owns from
Middletown, N. Y.. to UnlonvIllerN. Y.. 13.65 miles.
Stock. (149,850; par. (50. Controlled,
through
stock, by N. Y. Susq. A
West., which pays lnt. on bonds.
Offer was made to extend the (250,009
2d 5s to Nov. 1 1911 with interest
guaranteed by N. Y. Susq. A West.; all
the bonds not consenting, principal was defaulted
June 1 1910. V.91.p.l54.
V. 90, p. 1363.
In year 1908-09. gross. (70,827; net inc., (11,256;
lnt.,
taxes, Ac.. (40,630; bal., def.,
(29,374.—(V. 91. p. 154.)
MIDLAND VALLEY RR.—Owns and operates from
Exoelslor, Ark.,
south to Hoye, Ark., and north to
Fidelity. Ark.; also from Excelsior west
to Sllverdale, Kan., and from Jenks.
O. T., to Glenn Pool. O. T.. a total of
299 miles; also operates under
trackage from Maney Jet., Ark., to Ft.
Smith, 16 m.. and Sllverdale to Arkansas City. Kan..
9 miles; total oper¬
ated, 324 miles. See V. 78, p. 702, 1109; V. 80,
p. 2345.
Stock author¬
ized, (9,000,000; outstanding June 30 1909,
(8,013,000;
par of shares, (50.
The McPherson Wichita A Gulf RR. was
Incorporated
In
Sept. 1910 ts
build an extension from Arkansas
City, Kan., northwest to McPherson,
120 m., but the Midland
Valley has assumed no obligations In
therewith.
connection
PLAN.—The plan dated June 10 1910 (V. 90,
p. 1676)
for the
discharge of burdensome car trusts. The (5,980.000 RR.provides
5% bonds and
the (1,650,000 Cherokee Construction Co.
6% notes will be retired and the
railroad will issue (1) (6,000.000 closed
mortgage
lien 5s (secured on
the property of the Midland Valley RR and also prior
on the rolling stock and
by pledge of all the bonds and stock—(1,250.000and(250,000.
respectively,
—of the Sebastian County Coal A
Mining Co., on tbe coal estate of the
construction company; and (2) (1,800,000
6% 2 4-year RR. notes, due
Dec. 1 1912, to be secured by pledge of
(2,500.000 new general consol. 6s,
the issue of these bonds to be limited to
(2,500,000 during the life of the
notes.
The Coal Co. bonds and stock may be withdrawn
from prior lien
mtge. whenever (1.500.000 prior lien bonds shall have been oanceled.
Each (1,000 existing bond will receive about
(711 11 new bonds and
(168 48 in railroad notes, and each (1,000 construction
oompany note
(844 44 new bonds and (200 in railroad notes.
EARNINGS.—12 mos., (1909-10
Gross. (1,348,080; net, (40S.561
July 1 to June 30.
11908-09
Gross,
997.664: net.
Report for year ending June 30 1909 in V. 89, p. 090, showed: 159,169
Gross.
(997,655; net, (81,326; other Income. (4,804; Interest, taxes,
Ac., (357,240; improvements. (201,358; balance, deficit, (472,469.
Pres., Charles
E. Ingersoll: Sec. and Treas., H. E. Yamall.
Office, Franklin Bank
Building, Philadelphia.—(V. 89, p. 990: V. 90, p. 16761)
MILL CREEK A MINE HILL NAVIGATION & RR.—Mill Creek
Jet. to
Broad Mountain, Pa.. 3.81 m.; second track, 3.81
m.; total track,
34.7
miles.
Leased in 1861 for 999 years to Phlla. A
Reading RR.; lease as¬
sumed in 1896 by Phlla. A Reading Railway,
rental, (33,000 and taxes.
MINE MILL ASCHUYLKILL HAVEN RR.—From
Schuylkill Haven to
Ashlandand Enterprise Jet.. 39.15 m.; 2d track. 17.05
m.;
136.86m.
In 1897 rental reduced to 6% on stock under new lease tot.track,
for 999 years from
Jan. 1 1897 to Phlla. A Read. Ry. Co.; 2 4% is
paid In Jan. and 3%
in July. 4% being deducted for taxes.—(V. 63,
p. 1011.)
MINERAL RANGE RR.—Houghton, Mich., to Calumet, Mich., 14 m.,
Hancock to Gratiot Mine, 23 m.; branches, 31 m.; South
Range exten., Ke¬
weenaw Bay to Michigan Mine, 39 m.,
opened Dec. 24 1900; trackage, 4 m.,
Mohawk RR. operates 17 m.; total, 128 miles, all standard
gauge.
In
year 1895 paid dividends 104%: in 1896, 7%; 1897, 7%;
1898, 3 4%;
one since.
Auth. stock. (1,500 000; outstanding,
(1.260,000; par. (100.
BONDS.—Consols for (1,000 are reserved for (3,000 old bonds. Of the
(593,000 outstanding. (339,000 are 5s; the Can. Pao. on June 30 1910
owned the remaining (254.000 (which are 4s) and the
(1.000,000 gen. mtge.
4s, both of which it guar, as to int.
V. 75, p. 554.
See V. 73, p. 556, 616;
V. 73, p. 785.
Of tonnage in 1909-10 89% was ores and mining products.
Loans and bills payable June 30 1910. (175,000.
EARNINGS.—For 2 months ending Aug. 31:
2 Mos.—
Gross.
Net.
Other Inc. Charges.
Balance.
(122,500 op.def.(9,128 (2,478
(26,425 def.(33,075
149.966
26,723
338
26,394
sur.
367
REPORT.—For year 1909-10, gross, (826,500; net after
taxes, (44,626;
other Income, (9,917;
Interest on bonds, (83,360;
other deductions,
(40,945; deficit, (69,764.—(V. 73, p. 785J
MINNEAPOLIS & ST. LOUIS RR.—(See Map.)—Owns main line Min
neapolls to Angus, la., 260 miles; Western
Hopkins to Watertown
S. D., (16 miles; Kalo Branch, 1 m.; LakeDlv.,
Park Branch. 14 m.; Win
1910
1909
RAILWAY STOCKS AND BONDS.
Oct., 1910 ]
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first
Mkhljw
M O
MO
—
.
m
«.
mortgage-$^!000,000 gold
G.c* Ar
Michigan Air Line first mortgage
Un.c&r
1st M on Detroit A Bay City ($4,000,000). Un.c
r irow
Date
Bonds
Miles
Road
page]
-
_
_
1902
1890
1881
1881
1909
1889
1901
270
_
115
171
171
do
do
bonds without coupons
r
M O new M on Gr Rlv Val $4,500,000, g text.GcAr
M 0 first mortgage on Kalamazoo & S Haven. Un r
Mich Cent 1st M on Jack La ns A Saginaw gold.c*Ar
M O 1st M on Joliet A Nor Indiana $3,000,000 gold
Q ic Arm
Debentures, $25,000,000 auth, gold
Jaok Lans A Sag stock SH% yearly guar by end—
Grand River Valley stock rental In perpetuity
Bay City 4b Battle Or 1st M g guar p A 1 end.-Mp.c*
Battle Cr A Sturgis 1st M g guar p A 1 end-.Mp.c*
TolCfenSoADetlstM$4,500.000 g gu p Al(end) (Lc* Ar
Detroit River Tunnel 1st M $15,000,000 guar
G
84
39
350
1907
1909
45
—
—
_
84
13
Middletown Union & Water Gap—1st M ext In ’86_c*
Second mortgage (see text)
c*
299
Midland Valley—1st M$20,000p mg (text) — OP.o*
Mill Creek & Mine Hill Navigation & RR—Stock
Milwaukee Lake Shore & Western—See Chicago A No rth W
Milwaukee & Northern—See Chicago Milwaukee A St Paul
39
Mine Hill & Schuylkill Haven—Stock (0% rental). —
16
Mineral Range—Consol mtge (text) gold red at 105-.c
73
General mortgage Interest guar by Canadian Pao.F
34
Hancock 4b Cal cons mtge gold red at 105 assumed
Minneapolis 4c St Louis—Common stock
—Ce
Preferred stock (V 70, p 1150) 5% non-cum
Ce
81
First M Merrlam Junction to Albert Lea, gold-F.o*
53
Mortgage on Southw Ext gold ($12,000 p m) __Ce.c*
92
Pacific extension first mortgage gold
Ce.c*
First consol M $5,282,000 g (V.59,p,1145)_Ce.c*4br
632
First A ref M $25,000,000 gold ($18,000 p m)
Ce
Gold notes $5,000,000 sec by coll red par slnce*08_Ce
Minn Dak 4b P 1st M $50,000,000 g red 105-Ce.c* Ar
Car tr ser A g due $60,000 y'ly(V 88,p.l373) -PeP.c*
Oar tr ser B g due $18,000 yearly
Pe P.c*
Minn St Paul & S Ste Marie—Com stock $28,000,000Preferred stock 7% non-cum, $14,000,000
a
_
_
-----
•
•
•
_
_
_
_
«
-
-
-
•>
-
-
-
•
1877
1880
1881
1894
1899
1906
1906
1909
1910
_
_
—
_
Wisconsin Central leased line ctfs $12,500,000 auth.
c Of which $16,819,300 held by N Y C A H R RRCo
When
Rate
%
—
—
—
— —
—
—
—
.
Of
Last Dividend
and Maturity
Payable
$100 C$18738.000 6 in 1910 J
J
A
3K g M A N
J
A
4
J
1.000 Ac
2.600.00C
M A
1.00C 1 4.000.00C /
S
8
Q— if
1,000 Ac J
5
M
A
a
4 g
1,500,000
5
M
1,000 Ac
A N
700.000
1,000
S
1,725,000
3H g M A
J A J 1C
4 g
1.500,000
A
A
4 g
o
1,000 Ac 25,000,000
3X
M A
100
s
2,000,000
100
J
A
J
5
491,200
D
3 g
J
A
1,000
250,000
3
J
D
A
1,000
421,000
g
A
4 g
J
J
1,000 Ac
3.100.000
N’ne Jne’10
100 Ac
M A N
5 g
150,000
500 Ac
A D
J
5
250,000
J
A
J
5 g
1,000
5,980,000
J
A
25
10
J
323,375
$1,000Ac $14,000.00C
1
50
1891
1901
1891
_
_
Amount
Outstanding
estern
...
_
_
1889
1889
1906
1906
1866
1871
1904
18
41
59
_
_
-
Par
Value
81
4,210,200
593;000
500 Ac
100,000
1,000
514
4 g
J
& Rg J
J
4 g
1,000,000
J
5 g
325,000
See
J
text
e6.000,000
100
100
500 Ac
f 4,000.000 See text J
7 g
J
950,000
7 g
J
636,000
1,000
1,000
1,000
1.382,000
5,282,000
11.870,000
5,000,000
1,000
1,000
1.000
1.000
1,000
See text
540.000
180,000
100 20,832.000
100 10,416.00*
100 11,142,100
which he Id In treasu
0 g
5 g
A
A
A
A
A
A
A
A
A
A
A
A
A
A
&
A
A
j
J
J
J
J
J
D
D
O
A
M
N
M
S
F
5 g
A
F
4 g
A
A
O
5 g
A
5 g
O
7 In 1910 A
O
7 in 1910 A
O
A
4
A... O
ry July 1 910 : e$l
4 fir
Places Where Interest and
Dividends are Payable
July 29 1910 3% Grand Cent Station. N Y
Reg at G C S; cp at G Tr
May 1 1952
Jan 1 1940
Reg at G O S: cp at U Tr
Mch 1 1931
Union Trust Co, N Y
Mch 1 1931
Grand Cent Station, N Y
Sept 1 1959
Grand Cent Station. N Y
Nov 1 1939
Reg at G C S; cp at G Tr
Sept 1 1951
Guaranty Trust Co, N Y
July 10 1957
New York
Apr 1 1929
do
do
Sept 1 1910 1H
July 1910 2H% Jackson, Mich
Deo 1 1989
Union Trust Co, N Y
do
do
Deo 1 1989
Grand Cent Station, N Y
Jan 1 1956
Nov 1 1911
June 1 1910
Jan 1 1954
July 1910
N Y Susq
In default
A West, N Y
Office, Philadelphia
5% Philadelphia
July 15 1910 3
Jan 1 1931
Jan 1 1951
Jan 1 1931
Jan 15 1904 2*4
Jan 15 1910 2 *4
June 1 1927
Dec 1 1910
Apr 1 1921
Office, 119 S 4th St, Phlla
44 Wall St, New'York
All owned by Canadian P
44 Wall St, New York
Office, 25 Broad St
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Penn Co for Ins, Ac, Phil
do
do
Nov 1 1934
Mch 1 1949
Feb 1 1911
Feb 1 1956
To Apr 1 1919
To Oct 1 1920
Oct 15 1910 3*4 Minn office;
Oct 15 1910 3 Mz
do
vpr 1 2008
64 100.
f $34. 100
checks mail’d
apolis to St. Paul
throp ,Mlnn„ to Storm Lake, Minn., 154 m. Leases trackage from Minne¬
over St. Paul A North. Pac. RR., 10 m.; from Spencer to
1332; V. 80. p. 651; V. 87, p. 1011, 1664; V. 89, p. 779; V
As to second 4s, see V. 68, p. 669, 771, 977; V. 71, p. 845; V.
Cent., 6
2 months,
Ruthven
Ch. M. 4b St. P., 12 H m.; from Tara to Fort Dodge, over Ill.
leases Des Moines 4b Fort Dodge RR., Des Moines to Fort Dodge
over
m.;
and Tara to Ruthven, 137 H m.; also leases Minnesota Dakota 4s Pacific,
Watertown to Leola, S. D., 114 m., and Conde to Le Beau, S. D., 115 m.;
trackage, 24
m.;
total operated June 30 1909, 1,051 miles.
Also leases to
B. C. R. 4b N. 13 miles.
HISTORY.—A reorganization In Oct. 1894, per plan In V. 59, p. 371.
Persons identified with Minn. 4b St. L. control the Iowa Cent. Ry., the
Ches. 4b Ohio, St. L. 4b San Fr., also Tol. St. L. 4s West, (which controls
Chic. 4b Alton) and have a large Interest In Mo. Kan. 4b Tex.
Des Moines
4b Ft. Dodge RR., controlled, Is leased for 30 years from Jan. 1 1905.
V. 78, p. 2335; V. 79, p. 269, 1704, V. 81, p. 1430.
STOCK.—After 5% on each, preferred and common share pro rata.
DIVIDENDS.— ’97. ’98. *99. ’00. *01. ’02. ’03. *04. '05 to ’09. 1910.
Preferred
5 5 yearly. Jan.,2H
) 3 3H 4)4
5
5
5
5
Common
%J
None
0
1 H 4
5
5 2 Hi
On pref., Jan. 1910, ZH%: July, none.
V. 90, p. 1677.
BONDS, 4bc.—Bonds issued under the mtge. due June 1927 numbered
from 1,101 to 1,400, for $500 each, additional to those above, were assumed
by Burl. Cedar Rap. 4b North, (now Ch. Rock I. 4b Pac.)
The ref.mtge.of 1899 limits the 1st consols.(V.59, p.1145) to $5,155,000.
FlrBt refunding mtge. of 1899 Is for $25,000,000, of which $8,530,000 re
served to retire underlying bonds and $4,600,000 for future extensions, Im
provements, 4t c., under severe restrictions. The mtge. is a first Hen on 283
miles of road, Ac., and a blanket lien on rest of property, and Is further se¬
cured by deposit of $2,530,000 Des Moines 4b Ft. Dodge com. stock.
V. 68,
p. 187, 332; V. 79. p. 2147: V. 80, p. 2220; V. 87. p. 1420; V. 88, p. 295.
452, 506.
See V. 69. p. 32.
The $5,000,000 5% notes of 1906 are seeured by the $6,250,000 Minn.
Dakota 4b Pacific 1st gold 4s and the latter's entire stock.
V. 82, p. 392,
692, 1102: V. 83. p. 38. 1114.
The $3,072,000 Des Moines 4b Ft. Dodge A% bonds dated Jan. 1 1905
are guaranteed, principal and Interest.
V. 79, p. 1704, 2696.
EARNINGS.—12 mos.,(1909-10
July 1 to June 30.
\1908-09
Gross, $4,945,391; net, $1,301,602
4,171,315; net, 1,133.465
Gross,
ANNUAL REPORT.—Annual meeting first Tuesday In October.
Re¬
port for 1908-09 was In V. 89, p. 1276.
Year ending June 30—
1908-09.
1907-08.
Inc. or Dec.
Average miles operated
1,028
1,005
+23
Gross earnings
Net after taxes
Other Income
$4,171,315
Total net Income
Interest paid
Rentals
Net earns. D. M. 4b Ft. D
Miscellaneous
Dlv. on pref. stock (5%)
$1,472,350
1,133,465
338,885
Balance for year
$1,383,453
68,266
$3,826,516
+$344,799
$1,311,136
$1,107,677
67,782
1,965
+ $161,214
+ $275,776
995,469
315,667
1,068
200,000
def.$180,438
+137,996
+23.218
+ 484
—1,965
+ 1,068
200,000
def.$66,288 —$114,150
OFFICERS.—Chairman, Edwin Hawley: Prea.,T.P. Shonts; Vice-Pres¬
idents, Geo. H. Ross and W. L. Ross, Chicago, and F. H. Davis, N. Y.;
Treas., F. H. Davis; Sec., A. C. Doan. Office. 25 Broad St., N. Y.
Directors.—Edw. Hawley, H. E. Huntington, F. H. Davis, Frank Trum¬
bull, Theo. P. Shonts, F. M. Tompkins. A. C. Doan. New York; L. F. Day,
Minneapolis; F. P. Frazier, Chloago.—(V, 91, p. 790, 946, 1096.)
MINNEAPOLIS ST. PAUL & SAULT STE. MARIE RY.—Owns main
line from Sault Ste. Marie. Mich., via Minneapolis to Portal, North Dakota,
at the International boundary line, there connecting with the Canadian Pac.
1.039 miles; branches, Hanklnson, N. D., to Garrison, 292 m.; Glenwood,
Minn., to Emerson, 265 miles; Thief River Falls, Minn., to Kenmare, N. D.,
296 m.; Wlshek, N. D., to Pollock, 70 m.; Brooten to Duluth, Minn.,
187 m.; other branches, 212 m.; spurs, 9 m.; total July 1910, 2,476 miles;
also trackage to Minneapolis, St. Paul (being replaced by line owned; V. 83,
p. 38) and Sault Ste. Marie, 19 m.; leases Wisconsin Central Ry., 1,078 m.;
rotal, 3,573 miles.
Extension from Moose Lake to Plummer, Minn., 200 miles, was opened
Oct. 1910.
In March 1910 purchased line Lawler, Minn., to Cuyuna, 37 miles, not
Included above.
V. 91, p. 787.
HISTORY.—A consolidation in 1888 of Minn. Sault Ste. Marie 4b Atl.,
Minn. A Pac.. 4bo.
See V. 46, p. 538, 609; V. 77, p. 628.
In 1909 51% of Wisconsin Gent. com. stock was purchased, affording a
Chicago connection, the road being leased for 99 years from April 1 1909:
$11,142,100 4% leased line ctfs. were issued (to Oct 1910), secured by the
Wls. Cent. pref. stock.
V. 88, p. 232, 564, 686: V. 89, p. 1668.
STOCK.—Canadian Paclfio In July 19'0 owned $10,515,300 common
and $5,257,700 preferred.
Preferred stock has a prior right to 7% (noncumulatlve); then common to 7%; then share pro rata.
V. 75, p. 549.
Stockholders in 1909 subscribed for $2,016,000 pref. and $4,032,000 com.
stock at par. V. 88, p. 749, 823; V. 85, p. 160, 722. 793, 1646; V. 87, p.677.
DIVIDENDS.—
11903. 1904. 1905. 1906. 1907. 1908.1909. 1910.
Preferred (per cent) (
7
77
7
77
7
7
Common (per cent)-}
2444466
7
BONDS.—Can. Pac. guarantees by endorsement 4% lnt. on all the bonds
assenting to a reduction of lnt. to 4%. (See V. 50, p. 784: V. 51, p. 239.)
About one-half Minn A Pac. bonds and practically all other issues assented.
Abstract of Minneapolis Sault Ste. Marie A Atlantic mtge. In V. 45, p.
The consol, mortgage of 1888, abstract V. 47, p. 142, was for $21,243.
000,000 on 800 miles (sufficient of this reserved to retire prior bonds) and for
$20,000 per mile on all additions
V. 73, p. 185; V. 78, p. 820; V. 79, p.
_
do
91, p. 1026.
85, p. 1646.
Gross, $2,412,064; net, $893,100
Gross,
2,348,626; net,
896,967
REPORT.—Report for year ending June 30 1910 was In V. 91, p. 787.
Year ending June 30—
1909-10.
1908-09.
1907-08.
Average miles operated
2,461
2,360
2,304
Gross earnings
$15,060,237 $12,339,755 $11,193,720
Net after taxes
3,538,854
6,380,578
4,638,489
Other income
356,299
865.614
829,322
EARNS. (Road proper.)—J1910
July 1 to Aug. 31.(1909
Total net Income
$7,246,192
$4,994,788
Interest on bonds, Ac
$2,298,387
$2,224,390
lnt. on Wise. Cent leased line certs..
443,969
109,402
Rental of terminals
103,394
127,351
Preferred dividends (7%)
658,560
588,000
Dividends on common
(6*4)1,233,120 (6)1,008,000
$4,368,176
$2,234,190
$937,645
$819,111
$2,508,762
Balance, surplus
-(V. 91. p. 790, 1026.)
133,116
488,744
(5)693,015
MINNESOTA TRANSFER RY.—Union road owning 13.54 miles, ex¬
tending from junction with Chic Mil. A St. Paul at Merrlam Park to Fredey (with stock yards, Ac.); side tracks, 45.72 miles; total, 59.26 miles.
V.
67, p. 956.
Stock, $63,000, equally owned by Chic. Mllw. A St. Paul, Nor,
Pac., Chic. St. Paul Minn. & Omaha. Minn. 8s St. Louis, Chlo. Burl. 8b
Quincy, Great North.. Chic. Gt West., Minn. St Paul 8s Sault Ste Marie
and Chic. Rock Island 8b Pacific.
Additional bonds can be Issued for property and Improvements as re¬
quired.
Principal only Is payable in gold.
Mtge. trustee. Northwestern
Trust Co., St. Paul, Minn.—(V. 66, p. 1238; V. 67, p. 956.)
MISSISSIPPI ARKANSAS & WESTERN RY.—Owns from a point In
Landing, on the Mississippi River In Chicot
County, Ark., 22 miles. Stock authorized, $220,000 Year ending June 30
1904, gross, $25,389.
Pres., A. P. Bliss, Saginaw, Mich.; Sec. and Gen.
Mgr., A. F. Cook, Little Rock. Ark.*— (V. 75. p. 442.)
Drew County, Ark., to Gaines
MISSISSIPPI CENTRAL RR.—Owns from a point 14 miles south of
Hattiesburg, Miss., to Natchez, 164 miles, including the former Natchez 8b
Eastern, Natchez, Miss., to Brookhaven, 66 miles, taken over by consoli¬
dation in June 1909.
Extension proposed to Gulf of Mexico.
Stock au¬
thorized. $5,000,000; outstanding July 1910,
$3,940,000, par, $100.
Dividends of 6% yearly paid to Oct. 1 1907; none since to Sept. 1910.
Bonds.—1st M. bonds dated July 1 1909, limited to $10,000,000, are issu¬
able at $25,000 p. m.; they are subject to call by lot at 110 for yearly sinking
fund of $300 p. m. of road covered from July 11912; also as an entire issue at
same price. They are guar., p. 8b 1., by U. S. Lumber Co. V. 88. p. 1561.
EARNINGS.—2 mos.,(1910
.Gross. $151,164; net, $65,364
July 1 to Aug. 31.
(1909
Gross, 123,816; net,, 47,799
Year ending June 30 1910, gross, $848,817; net, $302,168; other Income,
$44,222; betterments, $32,381; Interest on bonds, $105,000; bal., sur.,
$109,009.
Pres., F. L. Peck; Treas., John T. Porter; Sec., G. F. Royce.
Office, Hattiesburg, Miss.—(V. 90, p. 1171.)
—
,
MISSOURI & ILLINOIS BRIDGE A BELT RR —Has bridge 2,100 teet
long across the Mississippi Rver at Alton, III.; also 2 miles of road. Owned
by Cleve. Cin Chic. A St. L., Louisville 8s Nashville. St. Louis Iron
Mtn. 8b South., Balt. A Ohio, Missouri Pac., Wabash, Chic. Rock Island 8b
Pac., St. L. 8b San Fran., Mo. Kan. 8b Tex. and St. L. Vandalla 8b Terre
Haute (Penn. RR. system). Incorporated in Aug. 1904 as successor of the
St. Clair Madison 8s St. Louis Belt RR.
V. 79, p. 1642, 681.
Stook, $2,500,000; outstanding, $110,000.
For year ending June 30 1910, gross!
$156,882; net after taxes, $130,<>58; bond Interest, $61,940; bal., sur., $6$ 518.
Pres., Henry Miller; Treas., F. H. Hamilton; Sec., W. F. Bender;
Lincoln Trust Bldg., St. Louis.—(V. 88, p. 1128.)
MISSOURI KANSAS & TEXAS RY.—[See Map.)— Operates a line
with
northern terminals at St. Louis, Kansas City, Junction City and Hannibal.
Mo., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio!
Tex., and Shreveport, La., with branches.
(*See this company.)
Road Owned—
Miles.
99% Stock OtonedMissouri Kan. 8s Tex. Ry.—
Texas Central
*267
St. Lculs to Red River, Tex. 629
Operated—Not owned—
Miles.
Hannlbal to Franklin Jct_
104 Wichita Falls Ry
---*18
Branches to Paola and Par¬
Denison Bonham 8b N. O. RR. *24
“
‘
‘
sons,
4
2
Dewey, I. T., to Bartlesville.._
Kan.; Oklahoma City
and Guthrie, O. T.,andWybarkand Atoka, Okla., 8bc.
Mo. Kan. A T. Ry. of Texas—
Red Rivet to Houston, Tex__
Denison to Henrietta..
Other branches
921
548
112
486
Austin. Tex., terminals
Operated jointly—
St. Louis to Texas Junction...
Kansas City to Paola
Whitesboro to Ft Worth
Tola to Piqua. Kansas
Galveston Houston 8b Hend...
Austin to San Marcos
24
43
71
7
*50
Total owned
2,800
29
Total reported In earnings July 1910
— _3,339
In June 1910 acquired $3,964,600 of the $4,000,000 stock of Texas Cent"
Waco, to Rotan, Tex., 267 miles. V. 91, p. 799. See BONDS below.
ORGANIZATION. Ac.—Reorg. In 1890 without foreclosure, V.49,p.7l9.
large Interest had been acquired by Edwin Hawley, B. F.
In Oct. 1909 a
Yoakum of the Rock Island Co. and Speyer A Co.
V. 89, p. 993.
LAND GRANT.—Land grant In former Indian Territory (now
homa), 3,110,400 acres, subject to Indian title. See V. 79, p. 903,
V. 81, p. 668, 1042; compare V. 67, p. 222; V. 55, p. 937; V. 61, p.
V. 77, p. 2339; V. 82. p. 1102; V. 84. p. 508. 1248: V. 85, p 736.
...
;
Okla¬
1281;
1155;
STOCK.—Common increased In 1904 by $7,200,000 to $63,300,300;
preferred Is $13,000,000 4% non-cumulatlve.
Par of shares, $100.
DIVIDENDS.—On pref., 1906 to Nov. 1910, 4% yearly (M. A N.).
82
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
Road
tFor abbreviations, Ac.,
Date
Bonds
Par
Value
Amount
Outstanding
Minneapolis St Paul & Sault Ste Marie (Concluded)—
Minn Sault Ste Marie A Atlantic 1st M
gold-.Ce o*
Minneapolis A Pacific first mortgage
Ce.c*
495 1886
$1,000
286 1886
1.000
Cons mortgage gold Int guar (end) see text...Ce.c*
2,710 1888
1,000
Seoond mortgage $5,000,000 gold lnt guaranteed.Ce 2,710 1899
1,000
Oar trusts due $06,000
semi-annually
1,000
do
do
due $61,000 semi-annually
1,000
Minnesota Transfer—First mtge ($1,004,000 are 4s) -c
1886
1,000
Mississippi
Arkansas ft Western—First mtge gold. AC
22 1902
1,000
Miss Cent—1st M $10,000,000 ggu red (text)..Sxc*
164 1909
500 ftc
Moft Ill Brft Belt—St 0 Ms St L B 1st M red g.SSt.c*
1901
1.000
Consolidated mortgage $2,000,000 authorized gold.
1904
1,000
Missouri Kansas ft Texas—Pref stock 4% non-cum..
100
First mortgage gold
Ce 1,599 1890
500 ftc
Seoond mortgage gold
Me 1,599 1890
500 ftc
First extension mortgage gold $3,254,000
163 1894
Ce.c*
1,000
St Louis Division first refunding
P.c*
1901
mortgage
1,000
Missouri Kansas A Eastern 1st M gold assumed.-Ce
162 1892
1,000
Seoond mortgage guaranteed, being retired
162 1892
1,000
Sh Sh ft So 1st M ($20,000 d m) gold assumed.Ce.o*
182 1893
1,000
Kansas City ft Pacific 1st M gold assumed
130 1890
Cec*
1,000
M K ft Okla 1st M $5,468,000 gold
assumed...Ce.o*
227 1902
1,000
Texas ft Okla 1st M $2,347,000 gold assumed-Ce.c*
117 1903
1,000
First and refunding M $40,000,000 gold (see text). F
1904
250 ftc
Gen M $20,000,000 gold slnk*g fund red at
1906
par N c*
1,000
S W O ft Imp 1st M assumed sink fund call at 125.
F
1889
1,000
New mtge $125,000,000 gold authorized
1910
One year 5% secured gold notes red at par
1910 1,000 ftc
Dallas ft Waco 1st M $20,000
66 1890
p m gguar p ft I-Ce.c*
1,000
M K ft T of Texas 1st M $20,000 p m_Ce.c*10uar
225 1892
pr
1,000
Boonvllle Bridge 1st M gold sink fd.Ce.c*/ft Inter.
1901
1,000
..
•
—
•
.
•
—
•
....
-
■
mmm
•
»
•
-
...
...
...
Okla ft
Slssouri
North
notes
g red..
ftGOulf
Ark—Allegheny
Imptg red
Ry—1st
M $10,000,000
text
SSc*
M O
o
ft
Ry ft Term 1st M guar
Missouri Pacific—Stock ($100,000,000 authorized).-Pacific RR of Missouri 1st M ext In 1888
gold—Me
Second mtge ext In 1801 In gold St L to K O-.o*
First mtge St Louis real estate ext In 1802 goldFirst mtge Caron Br g gu p ft 1 (end) extend 1803
Third M ext in 1006 red 105 (V 83, p 402.1348)Ce
Missouri Pac 1st M Lexington to Sedalla, Mo.
gold.
-
*
350
1906
1904
100 fto
Q
...
....
283
283
1868
1871
1872
1873
1876
1880
...
13
296
55
100
1,000
1,000
500 ftc
500
1.000
500 ftc
BONDS.—M. K. ft T. 1st and 2d mtges. of 1800 (abstracts In V.
51, p.
405) cover, besides right to land grant, 15,90 miles of
bal, Mo., to Boggy Tank (except 71 m. trackage), road, lncl. line Hanni¬
sundry branches, and
Sherman Shreveport ft Sou., but see below.
Missouri Kansas A Eastern bonds were assumed In June
1806.
(V. 63.
p. 30.)
$4,660,000 St. Louis dlv. 1st refg. bonds reserved for retirement
of both Issues: balance for ext. and
impts. V. 72, p. 1034; V 75, p. 608.
Sherman Shreveport A So. mtge. Is for $6,000,000 at
$20,000 per m.; lss’d
M. K. ft T. mtge. of 1800.
pledgedInunder
iond8, guar., were assumed on consol.
1001. V. 72, p. 1034, 1115.
The Missouri Kansas ft Oklahoma and Texas ft
Oklahoma bonds, issued
at $20,000 per mile, guaranteed, have been
assumed.
V 74, p. 1038;
V. 75, p. 185, 733; V. 77. p. 252; V.
78, p. 48; V. 70, p. 068.
Of the 1st and refunding 4s of 1004
($40,000,000 authorized issue), $12,037,000 is reserved to retire divisional mortgages at or before
maturity;
balance unissued ($17,525,000) for future
purposes.
They are payable at
the option of the holder In
sterling, marks or francs. They are a second
lien on 507 miles of road and on the first
mtge. bonds of Denison ft Washita
Valley Ry., 47 miles, and a first lien on terminals
and equipment of esti¬
mated value of $24,380,000.
V. 79, p. 968, 1281, 1332; V. 80,
p. 222,
712; V. 81, p. 613; V. 82. p. 987, 1497; V 86.
p. 1101; V 88. p 158, 295.
Of the $20,000,000 gen. M. 4 Hs,
$3,170,000 were sold in Jan. 1909 for
equipment. Sink, fund, 2% of outstanding bonds yearly
beginning Jan. 1
1911.
V. 82, p. 218, 334, 692; V 84.
p. 1551; V. 85, p. 346, 654; V. 88.
P. 191, 15$.
t3,680,000, of which $2,000,000
The stockholders on June 30 1910 authorized
a new mortgage, limited to
to secure bonds bearing Interest from
April 11910 at not over
5%. V. 90, p. 1491; V. 91, p. 336.
On Aug. 1 1910 sold $10,000,000
1-year
5% notes dated Aug. 1 1910, to
be ultimately secured by $3,000,000 M.
K. ft T. Term. Co. of St. Louis
1st M. 5% gold bonds, $3,856,400 Texas
Central pref. and com. stock and
any additional amounts of the $4,000,000
acquired (or approximately
$3,700,000 Texas Central consol. M. 6% bonds
and $300,000 stock to be
Issued In lieu thereof), and
$6,300,000 M. K. ft T. gen. M. 4H% bonds.
V. 91, p. 94, 463, 519, 799.
$125,000,000,
GUARANTIES.—Boonvllle Bridge 4s, see V. 73, p. 494.
M. K. A T. oj Texas mtge.,
$10,000,000, see guaranty, V. 56, p. 604.
rXThe Southwestern Coal A Improvement Co.’s
bonds are
gage
guaranteed.
($1,000,000)
Mort¬
covers coal lands in Indian
Territory; the
also
additional. Den. & Wash. Ry., 47 miles, company
mines, &c.
LATEST EARNINGS.—For 2 months
ending
31
Aug.
(lncl.
In
1910
the
Texas Central):
owns
2,350
acres
2 Mos.—
Cross.
Net.
Other Inc.
Charges.
Balance.
1910
$4,437,970 $1,092,127 $37,274 $1,172,956
def.$43,552
1909
4,093,323
1,343,314
8,240
1,075.832 sur.275,722
ANNUAL REPORT.—Annual
meeting first
after first Monday
In April.
Report 1909-10 was given at lengthThursday
V.
In
91, p. 786, 799.
Year ending June 30—
1910.
1909.
1908.
Gross earnings
$26,559,346 $25,300,915 $23,283,669
Operating expenses and taxes
20,198,967
Operating Income
Net Income
Deduct—
Interest on bonds
Other InterestRentals
Hire of equipment...
Dividends
on
preferred stock (4%)_.
Balance, surplus
18,634,715
17,120,350
$6,360,379
$6,658,250
$6,666,200
$6,847,635
$6,163,319
$6,544,741
$4,801,355
$4,770,634
83,019
530,408
77,278
520,000
$4,670,628
11,032
705,320
99,080
520,000
31,433
507,406
_
_
.
520,000
$521,463
$866,296
$827,274
OFFICERS.—Pres., A. A. Allen, St. Louis; V.-P., C. Halle. St.
Sec. and Treas., C. N. Whitehead,
Louis;
49 WaU
New York.
Directors.—Edwin Hawley (Chairman), B.St.,
F.
Yoakum,
Hans
fold t, Frank A.
Vanderllp, Frank Trumbull, James N. Wallace, WInterHarry S.
Black, New York; A. A. Allen, James
James Hagerman, St.
Louis, Mo.; Frank P. Frazier, Chicago; Campbell,
Edward S. Rea, Alfred J.
E. B. Stevens. Kansas; H. J. De
Poor,
Marez Oyens, Amsterdam,
Alfred W. Smithers, London,
Holland; and
Eng.—(V. 91, p. 336, 394, 463, 786, 799.)
-MISSOURI ft NORTH ARKANSAS RR.—Joplin, Mo., to
361 H miles, of which
Helena, Ark.,
Neosho, Mo., to Joplin, 19 miles, and Seligman,
to Woodruff, 9 miles, are
trackage. Completed In 1909. V. 86, p.Ark.,
168.
Successor, per plan V. 82, p. 569, 1269; V. 83, p.
39, of St. Louis ft North
Arkansas, foreclosed, since extended.
Stock authorized, $25,000 per mile.
In Aug. 1906 a
was filed
to secure an issue of
$11,500,000 50-year 4% gold bondsmortgage
(St. Louis Union
Trust Co., trustee) Issuable at $25,000
per mile.
Entire stock and bonds
are pledged to secure
$6,000,000 5-year 5% gold notes of the
Allegheny
Improvement Co., due Oct. 1 1911, but
on any interest
Interest payable A. ft O. at St. Louis Unionredeemable
day;
Trust Co., trustee. V.
85, p. 99.
Outstanding May 26 1909, $7,689,500 each of stock and
bonds.
.*°*Y**l
cndlnS June 80 1809 <545 «ver. miles), gross, $486,371;
$15,774
In 1907-08 (141 aver,
net,
miles), gross, $355,202; net, $7,459; other
taxes and rentals, $17,283;
bal., def., $7,853. Chairman, D.
R. Francis; Pres., John
Scullln; Vioe-Pres., Geo. L. Sands.—(V.
MISSOURI OKLAHOMA ft OULF RAILWAY.—Owns 86, p. 857.)
and oper¬
ates 229.72 miles of main
track and 20.6 miles of
sidings extending from
Wagoner to Denison, via
Muskogee and Henryetta. Branches,
Dewar to
Coalton, 5 m., and Arkansas Jet. to
Lowerree, 2.4 m. Extension from
Wagoner, Okla., to Joplin, Mo., 120 m„
under
construction In June 1910.
Main Une, 70-lb. steel rails:
sidings, 60-lb. steel rail—operated lndependenty.
Owns 2 steel girder
bridges
over Verdigris and Arkansas
re used as toll
rivers, which
bridges. Extensive terminal property at
city of
STOCK.—Authorized $10,000,000; outstanding. $5,610,500; Muskogee.
par, $100.
BONDS secured by absolute 1st
mtge. on entire property now owned
or hereafter
acquired, limited to $25,000 per
mile, to be Issued upon oomP}e£lo“
oI 8-““«
sections. They are subject to call at 107 andlnterest
after Nov.
1 1909 on 6 mos. notice.
V. 86, p. 1043.
In July 1910 $5,610,•
286,000
50,705,000
3.500.000
1,263.000
1:220,066
.
-
••
•
$8,204,000
1.908.000
Rate
%
4 g
4 (5)
4 g
4 g
5
4 ft 5
5 g
& g
4 g
4 g
When
Payable
J
J
J
J
j
A
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
F
J
J
J
J
13.000.000 4 In 1910 M
40,000.000
4 g
J
20.000.000
4 g
F
3.254,000
5 g
M
1.923,000
4 g
A
4,000,000
5 g
A
ft
59,000
5 g
A
ft
1,689,000
5 g
J
ft
2,500.000
4 g
F
ft
5.468,000
5 g
M ft
2.347.000
8 g
M ft
10.438.000
4 g
M ft
14.757.000
4 H g J
ft
968,000
6
ft
J
See text
10.000,000
F
5’g
ft
1.340.000
5 g
M ft
4,505,000
5 g
M ft
1.000.000
4 g
M ft
6.000.000
5*
5.610,500
5 g
M ft
550,000
8 g
M ft
8S.251.0U0 See text J
ft
7,000.000
4 g
ft
F
2,573,000
8 g
J
ft
800.000
5 g
M ft
237.500
4H g A
ft
2.828.000
4
M ft
650,000
8 g
F
ft
220,000
4.100.000
758,500
790,000
[ VOL.
Last Dividend
and Maturity
J
J
J
J
j
O
A
J
Jan
J
July 1 1949
Jan
Jan
1 1926
1 1936
July 1 1938
Jan 1 1949
To July 1 1917
To Apr 1 1920
Aug 1 1916
1 1922
LXXXXI.
Places Where Interest and
Dividends are Payable
Bank of Montreal. N T
do
do
do
do
do
do
do
do
do
4m
1st Nat Bk.St Paul,Minn
Amer Tr ft Sav Bk, Ohio
Harvey Fisk ft Sons. N Y
J Jan 1 1951
J Jan 1 1951
St Louis Union
N Nov 10 1910 2% Checks mailed.
D June 1 1990
Office. 49 WaU
A June 1 1990
do
N Nov 1 1944
do
O Apr 1 2001
do
O Apr 1 1942
do
O Apr 1 1942
do
D Junel 1943
do
A Aug 1 1990
do
N May 1 1942
do
S Sept 1 1943
do
S Sept 1 2004
do
J Jan 1 1936
do
J July 1 1929
do
Trust Go
St. N Y
do
do
do
do
do
do
do
do
do
do
do
do
A Aug 1 1911
do
de
N Nov 1 1940
do
do
S Sept 1 1942
do
4e
N Nov 1 1951
do
do
Oct 1 1911
N Nov 1 1944
St Louis Union Tr €0
N
An
J Jan 30 1908 2*4 165 Broadway.New York
A Aug 11938
Mercantile Trust Co. N Y
J July 1 1938
do
do
N May 1 1938
do
do
O Oct 1 1938
do
do
N July 1 1938
do
do
A Aug 1 1920
do
do
500
had been sold.
Interest. It Is stated. Is guaranteed during construction
and for two years after
completion of entire
(Construction) Co. of Kansas Ctly, Mo. V. 88. system by Wm. Keneflck
p. 686; V. 90, p. 977, 1171,
1363.
The M. O. ft G. Ry. ft Term.
5s, guar, by the M. O. ft G. Ry., are
secured on the line between Red
River and
over
Denison, Tex., 9 miles; bridge
the Red River under
construction, the bonds being Issued by a
sepa¬
legal
rate company to meet
requirements.
OFFICERS.—Pres., Wm. Keneflck. Kansas
Treas.. W. P. Dewar; Sec., E. R. Jones. General City, Mo.; V.-P. and
offices. Muskogee, Okla.
—(V. 87, p. 415; V. 88, p. 686; V. 90.
p. 977, 1171, 123&, 1363.)
(1) MISSOURI PACIFIC RY.—(See
Map.)—Operates an Important sys¬
tem extending westerly and
main lines from St. Louis to southwesterly from St. Louis, Mo., Including
Omaha, Neb., 494 m., and from Kan. City to
Pueblo, Col., 624 m., with many branches In
Kansas, ftc. Through the St.
Louts Iron Mt. ft Southern, which It
controls, connection Is had with Texas
and the lines of the Tex. ft Pac.,
Intemat. ft Gt. Northern and the St. Louis
Southwestern, the whole forming what Is known as the “Gould
System.**
Lines owned.
Miles.
Leased lines, Ac. (Con.).
Miles.
St. Louis to Omaha
494 Other lines
Kan. Cy.. Mo., to Pueblo, Col. 624
Other main line and branches..2,658 Trackage to St. Joseph, ftc
39
21
Leased lines. Ac.
Boonvllle St. L. ft Southern...
44 Tot.Mo.Pae. and branch
lines.3,879
Also controls St. Louis Iron Mtn. ft
Sou. and leased lines, 2,609 miles.
Grand total Missouri Pacific mileage
Aug.
30
1909, 6,489 miles.
The Missouri Pacific
Co. owns about 40% of the stock of the Denver
ft Rio Grande RR. Co.,Ry.
the latter extending from Pueblo to Salt Lake
City;
while the D. ft R. G. RR. Co. owns a
majority of the stock of the Western
Pac. Ry. Co., whose Une,
Salt
extending
from
Lake
City
to
San
Francisco,
was completed In 1910.
The Missouri Pac. Ry. Co. Is thus an
of a trans-continental line
Integral part
extending from St. Louis to San Francisco.
STOCK.—Stock authorized, as Increased
by the consolidation with con¬
stituent companies In
Aug. 1909. $240,000,000;
of new com¬
pany's stock will be Issued In exchange for stocks $83,251,000
of constituent companies
(lncl. old Mo. Pac.) merged In 1909. V. 85. p. 1646;
V. 89. p. 349.
DIVSJ»82 *83 to *87 *88 *89 *90 *91 *92-*00 *01 *02
to *07
1908
None
Perct.\6X 7 y*ly. 5* 4 4 3 None. 2H 5 y’ly.
2*stk. since.
BONDS.—The consolidated mortgage Is for
$80,000,000—trustees John F.
Dillon and Edward D. Adams—the
balance unissued Is In trust to redeem
prior bonds due If deemed best. Abstract In V.
47, p. 287.
The collateral trust bonds due 1917
(Union Trust Company of New York,
trustee) are secured by mortgage bonds of new
roads at $12,000 or $15,000
per mile; these embracing the line from Fort
Scott. Kan., to Pueblo. Cok>.,
ftc.
For securities pledged, ftc.. see V.
The 4s of 1905 are limited under the 46, p. 678.
“first and refunding" mortgage to
the $37,255,000 outstanding;
they are secured by an equal amount at par
of Iron Mtn. stock.
Compare V. 80, p.
V. 86, p. 1344; V. 89, p. 1347.
The first refunding mortgage of the 712;
Kansas A Colorado Pacific made In
1908 (V. 86,
p. 229, 286; V. 88, p. 452) Is limited to $50,000,000 (at not to
exceed $30,000 p. m..
Including $15,544 p. m. of prior underlying bonds):
$20,687,000 bonds secured thereby were Issued, but
of these $16,715,000
have been pledged under the new
Missouri Pac. “first and refunding"
mortgage; $23,532,000 to retire underlying bonds of
constituent companies
at present held by trustee of Mo. Pac.
Ry. coll, trust 5s of 1917 ana 1920;
$6,781,000 reserved for exten. or Improv. V.
90, p. 1171; V. 91, p. 337.
FIRST AND REFUNDING MORTGAGE
DATED 1909—AUTHOR¬
IZED ISSUE, $175,000,000.
The “first and
refunding"
bonds of the Missouri Pacific Ry. Co., dated
1909, are limited to a total of $175,000,000,
successive Issues at not to exceed 5%, and. if bearing Interest to be fixed for
desired, with conversion rights.
See circular, V. 89, p. 1347.
The Issue will be subject to call at
110 and
Interest on
any Interest day beginning Sept. 1 1917, either
whole, or In
equal to the pledged St. L. iron Mtn. ft Sou. bonds in
case these
last should be redeemed.
The Immediate Issue consists of
$29,806,000
5%
Series A bonds convertible at face value at holder's
option Into stock at par
from Sept. 1 1912 to Sept. 1 1932, and within
such period up to 30 days of
date of redemption. If called for
payment; these were subscribed for by
shareholders at 95 In Jan. 1910
See “General Finances."
amounts
as a
Purposes for Which the $175,000,000 First and
Refunding Bonds May Now
Be Issued or Are Reserved.
Issuable forthwith as Series A 5% convertible bonds
(1) $19,700,000 upon deposit of a like amount of
underlying bonds
(Including $16,715,000 of the $20,687,000 Kan. ft Col. Pac.
bonds heretofore certified, thus providing for
payment of
floating debt and not less than $4,653,000 for Improv’ts.; (2)
$5,300,000 to acquire a like amount of St. L. I. M. ft So. Improv’t bonds, and (3) $4,806,000 for add’ns, betterm’ts, ftc.
(V. 90, p. 1296)
$29,806,909
Reserved to refund a like amount of
underlying bonds
66,293,000
Reserved to provide premiums, ftc.. If required In
refunding..
4,640,500
Reserved to retire a like amount of equipment
obligations
6,500,900
Reserved (together with any bonds not required for
refunding)
for extensions, betterments and
equipment and bonds secured
by first mortgage on union depots, stations and terminal
facilities under careful restrictions (see note below)
48,069,500
Reserved to acquire a like amount of St. L. I. M. ft Sou.
5%
Improvement bonds
:
19,700,900
Note.—Bonds converted Into stock and canceled, but
only to an aggregate
of _$40,000,000, may be re-lssued for
additions, equipment, ftc.
The issue Is secured by a direct lien on 3,779 miles
first main track and
952 miles of other track, subject to
$66,293,000 underlying bonds; also
subject to certain underyllng bonds on the entire
equipment valued at
$18,621,297, and all other property now owned or hereafter
acquired: also
by pledge of the new 50-year 5% St. L. I. M. ft So.
Improvement bonds
(limited to $25,000,000) as Issued, of which
$5,300,000 to be deposited at
once, having a first Hen on 228 miles of first main track
and a direct mortgage
subject to existing liens on 2,902 miles of first main
practically the St. Louis Iron Mtn. ft Southern system. track, constituting
OOT.. 1910. J
RAILWAY STOCKS AND BONDS
83
84
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on
first page]
Miles
Road
Missouri Pac (Concl)—Consol
M $30,000,000 gold-.c*
Gold collateral trust
Un.c*Ar
First ooll M *10,000,000 g (V
50, p 669)--Me.c*rAr
Mortgage $37,255,000 g red at 102H--.Me.xc*Ar*
Lcr & Caney Val 1st M
gold guar (V 70,
1095)--C*
Verdigris Val Independence & W 1st M pgold
guar_K C A N W 1st M pref “A”
gold
Int
rent red 105_Me
Central Branch U P 1st mtge
gold assumed. _Un.c*
Central Branch 1st M gold assumed
Me
Kan & Col Pac 1st ref M
g gu p & 1
Eo.xc* Ar
First A ref M $175,000,000 red
conv text.G.xc* Ar*
Equip Ass’n obligations $203,000 pay Sept 1 yearly
do
do
Ser B gold $97,000 due Men 1 yearly,
do
do
Ser C gold $282,000 June 1 yearly.Me
do
do
Ser D to F gold $103,000 Deo 1 yearly
do
do
Ser G to I gold $220,000
yearly.---Mo Pac equip bonds g $335,000
May 1 yrly. K.C* Ar
Mo Pac System—St Louis Iron Mt s Southern
Ry—
Gen cons & first guar
mtge ($45,000,000) g—Me.c*
do
do
gold stamped guaranteed p & 1—o*
Unifying a refund
River A G Dlvs 1st Mgoid$40,000,000---Mp.xc*Ar
M 350,000,000 g
Me.xc*Ar*
Improvement mtge -25,000,000 gold
Car trusts L to M due June,
Sept
Dec
and
yearly..Car trusts Ser N to P $355,000 or
$357,000 yearly.do
do
Ser R to U, part yearly
do
do
gold $366,000 June yearly. Me cAr
Little Rock June 1st M assumed
Me.c*
Date
Bonds
1,076
1880
1887
1890
1,120
671
1905
1886
1886
1894
1898
1899
1908
1909
52
81
100
288
3,779
-
—
1902
1903
1903
1903
1905-7
1906
—
1,000
1,000
—
*95-’03
1,000
1,000
1,000
1,000
1,000
’05-’06
1907
2
1891
1903
i,6oo
1899
1902
100
$ A £
100
—
150
1895
1895
150
;
i
—
F.c*
472
527
527
i
189
^
1879
1883
1888
1897
1900
200, 1000
200, 1000
100
500 Ac
1,000
500 Ac
1,000
1.000
.They are a first lien at once on 165 miles of first main
track and after
retirement on or before Nov. 1 1920 of
$43,025,000 of the underlying bonds,
on at least 3,079 miles of
the present mileage of 3,779 miles
by a direct
mortgage on 1,712 miles thereof, and deposit of at least
$38,441,000 of a
total limited to $43,219,000 bonds secured
by first mortgage on 1,367 miles.
No underlying bonds In hands of
public can be extended.
GENERAL
FINANCES.—The company on June 30 1909 owned
$2,000,000 Wabash RR. pref. stock and the
St. Louis & Iron Mtn.
$9,326,200 pref.
and $2,826,200 com. stock and
$2,913,200 first refunding and extension
bonds.
See Wabash RR.
Stockholders In Jan. 1910 subscribed for $29,806,000 Series A convertible “first and
5s at 95, to provide for
floating debt, lmpro’vts and add’ns. V.refunding’’
89, p. 1347; V. 90, p. 771.
The mortgage debt upon lines
securing the new “first and refunding”
mortgage, after the issue of the $29,806,000 Series A
bonds. Including all
outstanding underlying bonds, was to be at rate of about
$25,500 per mile
of main track, exclusive of the
security to be
by pledge of at least
$5,300,000 bonds of St. Louis Iron Mountain afforded
A Southern.
EARNINGS.—12 mos.. f 1909-10..Gross, $53,019,135;
net, $15,471,766
July 1 to June 30.
11908-09..Gross, 46,385,542; net, 12,459,030
ANNUAL REPORT.—Fiscal year ends June 30.
Report for year ending
June 30 1909 In V. 89,
p. 1539; editorial, p. 1513.
Annual meeting Is
held at St. Louis in March.
Report
of earnings of Missouri Pacific System
have been as below.
“Other income” In 1908-09 Includes:
Wabash 1st ref.
and ext. mtge., $157,387; Pacific
Express Co., $464,000; Denver & Rio
Grande, $365,000; St. Louis Watkins A Gulf,
&c.,
MHes operated, average
Total earnings...
Net earnings
Other Income. Ac
1908-09.
6,489
$707,656.
1907-08.
6,479
1906-07.
6,375
$46,385,543 $44,238,703 $48,703,343
12,459,030 12,592,415
16,188,272
1,694,043
2,875,298
3,283,283
Total net Income
$14,153,073
$15,467,713 $19,471,555
Interest and rentals
$9,380,307 $9,145,189 $9,060,875
Taxes
1,715,758
1,644,057
1,483,949
Sundry accounts
1,992,499
1,692.751
1,228,628
Dividends..
1,935,210
Rate of dividend
3,890,875
(2H%)
(5%)
Balance, surplus
$1,064,509 $1,050,506 $3,807,228
Pres., George J. Gould- Sec. and Treas.,
A H. Calef. 165 B’way, N. Y.
Directors—George J. Gould, Edwin
Edward T. Jeffery, J. J.
Slocum, Howard Gould, Fred. T. Gates,Gould,
Frank
J. Gould, Klngdon
R. M. Ghlloway, Cornelius
Gould,
Vanderbilt,
New York; Charles S. Clarke, O. L.
Garrison, W. K. Bixby, St. Louis Mo.
New
York
office
165 B'way.
—(V. 90, p. 560, 698, 771, 1102,
1171, 1296; V. 91, p. 276, 337.)
(2) MISSOURI PACIFIC
SYSTEM—ST. LOUIS IRON MOUNTAIN &
SOUTHERN RY.—(See Map.)—Owns
St. Louis to Texarkana, Tex.
490 miles; branches to
Line
Belmont, Mo., Bird’s Pt., Mo. (Cairo),
Ark., Helena, Ark., Cushman, Ark.,
Camden,
Arkansas City, Ark., Warren,
Ark.,
Memphis. Twin., Ac.; Houston Central Arkansas A
Northern Ry., Me Ghee,
Ark., to Alexandria. La., 262 m.; White
River branch, Illinois
Division,
Memphis Helena & Louisiana, East A West
Illinois Ry., 1,544 m.; total
owned July 1 1909, 2,296 m.
Leases Little Rock Junction
Arkansas Valley RR.; Ac., 312 m
RR.; Kansas &
Total operated July 1 1909,
The lease of the White &
2,608 m.
Black River Valley RR.,
Brinkley
to Jacksonport. Ark., 56 miles, with 6 m. branch,
was assumed In 1910.
V. 90, p. 504.
The stockholders voted Feb. 2
1910 to (1) purchase the
Arkansas Mid¬
land, Little Rock & Hot Springs
Western, Little Rock Junction, Pine
Bluff A Western, St. Louis
Watkins A Gulf, Arkansas & Louisiana
and other
controlled roads; (2) increase the
authorized
$190,000,000, and (3) authorize an Issue of stock from $130,000,000 to
5% improvement gold bonds
limited to $25,000,000, to be
deposited, as Issued, under the Mo. Pac. “first
and Improvement” bond Issue
described above. V. 89, p. 1543.
$23,668,000 of the $24,984,756 Texas A Pacific
for 65% In gold 4s.
seconds exchanged
See “Bonds” below.
.
STOCK.—Stock authorized,
$190,000,000; increased
•00 in Feb. 1910;
outstanding, $44,396,573, of which
30 1969 owned by Missouri
Pacific.
See below.
from $130,000,$44,336,600 June
DIVIDEND.—Since 1901;
year
1902 to 1904, 10%
yearly, 1905, 7; fiscal
1905-06. 14; 1906-07, 10; 1907-08,
5; 1908-09, 4; 1909-10,
6%.
BONDS.—General consolidated mortgage Is for
11,001 to 18,000 inclusive are endorsed
$45,000,000. Nos.
with the Missouri Pacific
principal and Interest; form of guaranty was in
guaranty of
V.56,
lien on 1,538 miles.
(V. 68, p. 85, 233, 520; V. 78,p. 650; they are a first
p.
704,
The gold 4s of 1899 (first issue
1224.)
$30,000,000) may be increased not over
$10,000,000, at $12,000 per mile, for
construction or acquisition and
ment of branches and
equip¬
extensions.
They are secured by a lien (subject
to the general consols) on
only
all the railroads, terminals and
equipment of the
company owned at the time of the
making
thereof
and
also
a
lien on all stocks and bonds
first and only
formerly embraced In the trust of the gold
ing note Indenture, all leased
fund¬
and branch lines, or their
bonds and stocks
acquired by the loan, and
$23,668,000 Texas A Pacific seconds, future
sions. Ac.
exten¬
(V. 68. d. 619; V. 70. p. 997; V. 74.
p. 206; V. 78, p. 704, 1224.)
There are also $37,905 first
pref. 7% Income bonds dated 1879.
The original
$20,000,000
River A Gulf Divisions 4s
secured by a first lien on 678
of 1903
were
miles of road built or under
above) and on terminal
construction (see
property at St. Louis, East St.
Louis, Cairo and
Thebes, and 8,000 acres of coal lands in
Illinois, and deposit of the bonds of
of Memphis.
Additional bonds may be Issued
of $50,000,000 at not
up to a total
over $30,000 per
mile of main line for new construc¬
tion and $15,000
per mile of second track and
the actual c»st, and
branches, but not exceeding
for additional
terminals, equipment, double tracks,
V. 7o, p. 543,
Ao
600, 1085; V. 77,
*
‘
“
_
aaa
000 +to be iIssued at
once, will
-
j
autiU*
loauc;
,
U1
WLUCIA f U|OUU,*
be used for
T«®r will be pledged un^er
additions, Ao.
Mo. pac “firstImprovements,
& refunding” mtge.
V. 89,
Rate
When
%
Payable
6
5
5
4
5
5
5
4
4
6
Last Dividend
and Maturity
MAN Nov 1
MAS Jan 1
F
A A Aug 1
MAS Mch 1
J
A
J July 1
MAS Mch 1
J
A
J Jan 1
J
A D June 1
F
A
A Feb 1
F
A
A Feb 1
g
g
g
g
g
g
g
g
g
g
5 g
5 g
5 g
5 g
1920
1917
1920
1945
1926
1926
1933
1948
1919
1938
MAS Sept 1 1959
Q—M Sept 1911-1912
Q—M To Mch 1 1912
O—M
&g
Q—M
Q—M
To June 1913
To Deo 1914
To Dec 1916
LXXXXI.
Places Where Interest and
Dividends
are
Payable
Mercantile Trust Co
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York
Equitable Trust Co, N Y
do
do
do
do
do
do
do
do
1,331,000
2,345,000
5 g
5 g
MAN May 1911-1917
Knickerbocker Tr Co,NY
37,187,000
6.074,000
6 g
5 g
4 g
A
A
J
Mercantile Trust Co, N Y
n
MAN May 1 1933
30,529,000
33,048,000
5,300,000
245,000
1903
j
Mobile & Birmingham RR—Pref stock ($900,000)
...jj
General mtge for $10,500,000 (now
gold) s f._F c*
Montgom DIv 1st M $4,000,000 g(V 66 p 1045) .Ce.c*
Collateral trust gold ($2,500,000) call at
par.G.c"
1,000 14.376,000
1,000
9.636.000
500 Ac 37,255,000
1,000
520.000
1,000
806,000
100 Ac
1.026,000
1,000
2.500.000
1,000
3.459,000
1,000 Ac
3,972,000
100 Ac 29,806,000
1,000
409,000
1,000
194.000
1,000
846,000
1,000
460,000
1909
Arkansas Midland 1st M gold assumed.
Little Rock A Hot Sp 1st M g assume
Amount
Outstanding
$1,000 $14,904,000
1,538 *81-’87
1,000
1,538
1,000
1.543 1899
1,000
739 1903 1,000 Ac
44
47
53
Mobile & Ohio—Stock
First M Mobile to Columbus
(principal gold)
Par
Value
[VOL.
763,000
1.800.000
2,562,000
435,000
880.000
176,000
1,140,000
983,360
900,000
600,000
1.200.000
6,070,600
7,000,000
1,000,000
9,472,000
4,000,000
2.498 OftO
A
A
A
O Apr 1 1931
O Apr 1 1931
J July 1 1929
1959
To Deo 1912
To June 1913
To June 1917
To June 1917
6
A
A
O Apr 1 1916
A
A O Oct 1 1923
6 g
J
A
J July 20 1911
4 g
J
A
J July 1 1939
5
J
A
J June 1930
4
J
A
J July 1 1910 2%
5 g
J
A
J July 1 1945
4
A
J
J July 1 1945
See text See text June24 1910
4%
6
J
A
D Dec 1 1927
5
5
5
5 g
Quar.
Q—M
Q—M
Q—M
Z*
6
4
6
4
g
g
g
Q—Jan July 1 1927
MAS Sept 1 1938
F
A
Q—F
ST
A Feb
1 1947
May 1 1930
do
do
do
do
do
do
do
do
Townsend, Whelen A Co
do
do
Merc Tr Co, N Y A Phlla
Mercantile Trust Co. N Y
New York and St Louis
New York
St Louis and
Philadelphia
Farmers L A Tr Co, N Y
J P MorgA Co NY; A Lon
J P Morgan A Co, N Y
do
do
Mobile
Farmers’ L A Tr Co, N Y
do
do
Gallatin Nat Bank. N Y
[Gallatin Nat. Bank, N Y
'Guarantee Trust Co, N Y
EARNINGS.—12 mos.,/1909-10„_GrosS,
$26,916,890;
July 1 to June 30.
net, $9,298,527
23.242.235; net, 7.424,035
$7,766,757; other Income, $505,$2,618,545. V. 91, p. 39.
\10O8-O9_..Gross,
For 10 mos. ending April 30
1910, net.
235; charges, $5,653,447; bal., sur..
REPORT.—For 1908-09 In V. 89, p. 1539; 1906-07
inaccurate.
Years ending June 30—
1908*9.
1907-8.
1906-7.
Miles operated end of year
2,609
2,599
Gross earnings
2,594
$23,242,235
$21,703,294 $23,987,020
Net earnings
7,424,035
6,797,606
8,924,646
Other receipts
602,597
1,505,557
1,918,765
Total net income
8,026,632
8,303.163
10,843,411
Interest on bonds
4,616,952
4,577,455
4,452,571
Taxes, bridge expenses, rentals, Ac._
1.607,524
1,367,556
1,316,478
Dividends
(4)1,775,645 (5)2,219.556(10)4438,902
Balance, surplus for year
$26,511
$138,596
$635,370
—(V. 89, p. 105, 226; V. 90. p. 504, 850; V.
91, p. 39.)
MOBILE & BIRMINGHAM RR.—(See Map Southern
Ry.)— Mobile to
Marlon Junction. Ala., with
branches. 150 miles. Leased to Southern Ry.
from March 1 1899 for 99 years, the latter
agreeing
to
meet
the interest on
bonds and to guarantee a dividend on
the $900,000 pref. stock of 1% for
first year, 2% for second year.
3% for third year, and 4% for fourth year
and thereafter.
Of the $900,000 common
stock, $893,400 Is owned by
Southern Ry., and voting power on
pref.
to Southern Ry. during
lease.
V. 68, p. 429, 1134: V. 69, p. 391: assigned
V. 71, p. 1013.—(V. 72, p. 137.)
MOBILE JACKSON & KANSAS CITY.—See New Orl. Mob. A
Chicago.
MOBILE & OHIO RR.—(See Map Southern
Ry.)—Owns from Mobile,
Ala., to Columbus, Ky.. 472 m.. proprietary
line. Kentucky A Tenn RR.
to East Cairo, 19 m.; branches to
Columbus, Miss., Ac., 34 m.; Columbus,
Miss., to Montgomery. Ala., 167 m.; Mobile &
Bay Shore Branch, 38 m.;
with Warrior Branch, 9 m.; Warrior
South. Ry. (all stock and bonds
owned), Tidewater, Ala., to Kellerman, 14 m • Blocton
Branch, 13 m.; total
owned. 766 m.; St. Louis A Cairo (leased), Cairo
to St. L.. 152 m. with br.
to Millstadt, 7 m.; trackage, 189 m.;
total June 30 1910. 1,114 m.
DIVIDENDS.—1898, 1%; 1903,2%; June 1904. 2%; 1905,8%: 1906.
5K%; 1907, 5%; 1908, 4%; 1909, June,
2H%\
earnings of fiscal year 1909-10). V. 90, p. 1614. 1910. June. 4% (from
In 1909 the Southern Ry. had
aogutred
general 4s and $5,670,200 of the $6,070 600 $8,126,000 of the $9,472,000
stock. Issuing, dollar for dollar.
Its collateral trust 4% gold bonds In
for the M. A O. general 4s,
secured by a pledge of the latter and exchange
also stock trust certificates for stock,
dividends being payable (A A O) at 4% In
perpetuity thereafter.
STOCK.—Stock authorized, $10,000,000;
$100. The voting power on $4,984,200 of theoutstanding. $6,070,600; par,
stock Is exercised
the gen¬
eral mortgage bondholders
by virtue of deposit of old debenturesby
of 1879.
BONDS.—Under the general mortgage of 1888 there
can be no foreclosure
till four coupons are In default.
Mortgage abstract, V. 47, p. 83. V. 60,
p. 967.
Int. on $4,000,000 St. Louis A Cairo 4s Is
The 5%
equip, notes dated Oct. 1 1907 areguar. by Am.Car Aguaranteed
Fdy.Co. V. 84. p. 996.
Of the $2,500,000 collateral trust 4s of
1900, $2,165,000 were Issuable In
exchange for the $6,500,000 St. Louis A Cairo stock. See V.
70. p. 532.
In
1910 $6,495,000 stock had been
exchanged.
Equipment Trusts.
Outstanding.
Rate.
Mature in Installments.
“A” and “B”
$998,000
5
To 1919
"C.” 1904.
89.000
5
March 1911, part s-a
"D,” 1905
335,000
4
Jan '11-July *15. $34.000s-a
“E.” 1906
548.000
Mch ’l 1-Mch.’l6, $46,000 s-a
AH
1907, guar (V. 85, p.996)
827,000
5
Apr. *11-Oct. *14, part s-a
Joint equip, notes, 1902.
47,500
4
To Dec. 15 1912
Baldwin Locom. Works.
46.582
5A6
To Nov 21 1910
EARNINGS—2 mos.,1.1910
Gross, $1,756,412;
net, $478,536
July 1 to Aug 31.
] 1909
Gross,
net.
489,276
REPORT.—Report for 1909-10 in “Chronicle”1,605,423;
Oct. 29 or Nev. (operated
Independently.)
Years ending June 30—
1909-10.
1908-09.
1907-08.
Total operating revenue
-$10,636,733 $9,727,727 $9,663,791
Net over taxes
2,902,902
2,865,976
2,541,322
Net, Including other Income
3,132,782
3,068,584
2,715,772
Interest, rentals, Ac
2,580,195
2,631,146
2,249,852
Dividends paid
(4)242,824
(5)301,030
(4)240,824
Additions and betterments
28,432
19,446
150,696
Balance, surplus
$281,331
$74,400
—(V. 89, p. 1142, 1219; V. 90, p. 503, 1614; V 91. $116,962
p. 1026.)
MOBILE TERMINAL & RY.—Owns 24 acres fronting 700 feet on
Mobile
(Ala.) harbor. Stock $500,000; par $100. The
1st gold 6s of 1910
($500,000 auth. Issue), of which $175,000
outstanding,
are guaranteed,
prin. and int., by the Alabama Tennessee A Northern and
Tombigbee
Valley RRs. V. 91, p. 717. Pres., John T. Cochrane.—(V.
91, p. 717.)
MOHAW K & MALONE RR.—(See Maps New York
Central.)—Owns from
Herkimer. N. Y., to Malone, with branches. 182 miles
In all.
HISTORY, LEASE, Ac.—New York Central owns the
$5,000,000 stock,
on which dividends of 4%
yearly are paid. In 1902 a new lease In per¬
petuity was made and $10,000,000 3 H% consols authorized, of
which $2.500,000 reserved to retire at maturity the first
mtge. bonds and $3,600,000
for Improvements and enlargements.—(V.
74, p. 630, 830, 937.)
“MONO N.”—See CHICAGO INDIANAPOLIS &
LOUISVILLE
-
RY.
MONONOAHELA RR.—Brownsville, Pa., to Redstone
Jet., 37 miles,
connecting with the Pittsburgh A Lake Erie and
Pittsburgh Virginia A
Charleston (Penn, svst ines), which
guarantee the bonds (see table above),
prin. and Int. by endorsement. Stock,
$1,428,000; par, $100. Penn. RR.
and Pittsburgh A Lake Erie each own
$714,000 stock. The Penn. RR. on
Jan. 1 1910 owned $670,000 of the bonds.
Year ending Deo. 31 1909,
gross, $1,186,503; net, lnd. other
income, $678,312; oharges, $220,872.
MONTANA WYOMING & SOUTHERN RR.—Owns from
Brldger, Mont.,
on Northern Pacific,
to Belfry and westerly to Bear Oreek, about 33
miles,
serving a coal district; also Brldger, Mont., to Clark’s
Ford, 30 m.
Stock
outstanding, $1,000,000.
Of the 1st gold 5s, $900,000 have
been Issued
BONDS.
RSAATILONWCKDY
19 0.|
Oot.,
86
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, <fcc., see notes on first page]
Miles
Road
.
Mob A Ohio (Concl)—St L A Cairo 1st M g lnt guar..
Mobile & B Sh 1st M $200,000 assumed gold—F.C
First M coll notes (V 86 p 603) g red par
G.xc'
Mobile Terminal & Ry—1st M $500,000 g red 105
Moh & Mai—1st M $15,000
pmggup&l (end). K c'
161
38
...
182
37
Montana Wyoming & So u—1st M g red 110 text—c*
Montgomery & Erie Ry—1st M (old 7s extended ln’86)
Morelia & Tacambaro—First M gold (see text) -Usm^*
Morgan’s La & Texas—First M(NOto Morg C) _F.c^
First mortgage Alexandria Extension gold
33
-
55
102
157
204
Morris & Essex—Stock 7% guaranteed DL & W
First mortgage guaranteed under lease
-
-
.
Ba
.
.
119
119
119
Real estate mortgage bonds
Morris A Essex Extension stock guaranteed 4%—
Morristown & Erie—First M $300,000 g s f red at par
Mt Carbon A Port C RR—Stock (rental guar) text—
Munising—First mortgage gold
Muscatine North A South—1st M $1,000,000 auth—
...
2
...
.
.
.
38
---
...
Muskegon Grand Raoids A Indiana—First M gold-Ce
37
Mutual Terminal—1st M gold s f red 102H..Q.C*
Narragansett Pier RR—First mortgage $100,000
8.5
Nashua A Lowell—Stock 0% rental 92 years BAM—
15
Nashville Chattanooga A St Louis—Stock
First mortgage (for $6,800,000)
340
c* Ar
First M on Fayette and McM brs ($6,000 p m) _c* Ar
125
First mortgage on Lebanon Branch
29
c*
First mortgage on Jasper Branch
43
Ce.c*
First mortgage on Centrevllle Branch gold-Ce.c* Ar
46
1st M Tracy Cy Br due $20,000 yly: rem 1917.c* Ar
20
Cons mtge ($20,000,000) $20,000 p m gold—-Us.c*
803
Nashville A Decatur—Stock guar 7J*%byLAN_„
119
Nashville Florence A Sheffield—See Louisville A Nash vllle
Nashville Terminal—First mtge gold lnt rent red 105.
New mortgage $3,000,000 authorized
N
.
.
.
——
-
-—
-
-
...
Date
Bonds
1886
1899
1908
1910
1892
1902
1902
Par
Amount
Value
Rate
When
Outstanding
%
Payable
$500 &C
500 Ac
1,000
1,000
1,000
1,000 Ac
1,000
1909
1866
1903
1878
1880
1,000
1,000
1,000
1,000
1,000
1,000
1893
50
250 Ac
....
1864
1875
1900
1,000
1,000
Var
100
....
1903
1,000
50
....
1900
1910
1886
1904
1896
1,000
1,000
1,000
1,000
100
100
....
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1883
1887
1888
....
25
1902
1,000
1909
on 33 miles of road, and additional bonds are Issuable at $25,000 per mile,
as’stated In V. 89, p. 470.
For year ending June 30 1909, gross, $138,000;
net, $80,000; lnt. on $900,000 bonds, $45,000; balance, surplus, $35,000.
Pres., Frank S. Gannon.—(V. 89, p. 470, 1281.)
MONTGOMERY & ERIE RY.—[See Map Erie RR.)---Owns Montgomery
to Goshen, N. Y., 10 miles.
Leased In 1872 to Erie RR. at $16,000 per an.
Stock, $150,000. Divs. (4H% per an.) paid May 10 and Nov. 10. Sink,
fund, $6,500 per an. There are $40,500 2d M. 5s due Oct. 1 1927
MORELIA & TACAMBARO.—See page 165.
MORGAN'S LOUISIANA & TEXAS RR. A STEAMSHIP CO.—[See Map
of Southern Pacific.)—ROAD.—Owns Algiers to Cheneyvllle, 205 miles;
branches, 119 m.; extensions to Port Allen, La., Ac., 53 m., opened Oct.
1910* trackage to Alexandria, 24 m.; total railroad lines, 401 m.; steamship
lines and ferries, 106 m.
ORGANIZATION.—The So. Pac. Co. owns all of the $15,000,000 stock,
Dlv., In 1905-06, 6%; in 1906-07, 10%; in 1907-08, 25%; in 1908-09, 4%.
EARNINGS.—12 mos.,f 1909-10.
.Gross, $4,770,728; net, $1,608,266
July 1 to June 30.
\1908-09
Gross, 4,535,845; net, 1,408,670
In year ending June 30 1909, gross. $4,649 527; net, including other Inoome, $1,422,155; surplus over charges, $756,192.—(V. 76, p. 543 )
MORRIS & ESSEX RR.—(See Mao of Delaware Lackawanna A Western.)
—Owns from Hoboken. N. J., to Phllllpsburg, N. J., 85 miles; branch,
Denvllle to Hoboken, N. J., 34 miles; leases 38 miles; total oper., 157 miles.
LEASED In perpetuity to Delaware Lackawanna A Western, which
assumes all liabilities and guarantees 7% per annum on
stock; 1% extra Is
payable In the event of 30% of gross earnings being sufficient to pay all
fixed charges and 10% on outstanding stock.
BONDS.—1st ref. 3 4s. see V. 70.p.480,477; V. 71,p. 1167;V. 74,p.l308.
EARNINGS.—Important to D. L. A W. with terminal facilities on N. Y.
Harbor, but the earnings show a deficit after payment of rental (Including
$1,050,000 dividends), viz.: In 1908, $789,564; In 1907, $761,634; In 1906,
$888,526; In 1905, $585,394; In 1904. $673,172.—(V. 74. p.1308; V.82,p.805)
MORRISTOWN A ERIE RR.—Owns Morristown, N. J., to Whlppany
4 m.; br
9H m. Stock. $400,000;par, $100. Year 1906 gross, $62,550
net, $24,168. Pres., R. W.McEwan, 11 Broadway.N. Y.—(V.
77,p. 511.)
MOUNT CARBON A PORT CARBON RR.—Owns Mt. Carbon to Port
Carbon, Pa., 2.50 m.; 2d track. 2.45 m.; total track. 15.49 miles.
Leased
Mch. 5 1860 for 50 years to Phlla. A Read.
In 1910 re-leased to Phlla. A
Reading for 99 years from March 5 at 5% on the stock. V. 89, p. 42.
MUSCATINE NORTH A SOUTH RY.—Muscatine. Ia., to Elrlck
Jet.,
28.6 miles.
Successor to M. N. A S. RR., foreclosed Dec. 1909.
Vi 80,
—
,
?i. 1059.
June 1910
To be
filed
extended
to Burlington,
Ia. Stock,
par $100.
$1,000,000
mtge. to German
Trust$450,000;
Co. of Davenport,
n
trustee.
V. 90, p. 1677.
For year ending June 30 1910, gross, $64,820; oper. exp., lncl. all
lmpts.,
$66,574.
Pres., Chas. Howard, Sec., Trea&^and Aud., George Reeder
Office, Muscatine, Ia.—(V. 90, p. p. 1677.)
MUSKEGON GRAND RAPIDS A INDIANA RR.—See page 165.
MUTUAL TERMINAL CO. OF BUFFALO.—SeeWe 165.
as
NASHUA A LOWELL RR.—Owns double-trackpad from
Lowell, Mass.,
to Nashua, N. H., 15 miles.
On Oct. 1 1880 leased for 99 years to Boston
A Lowell.
In 1887 lease was transferred to Boston A
Maine, which pays
e rental of $73,000 (9% on stock); In Nov. 1906 to 1910
lncl., H% extra
was paid from accumulated cash surplus.—(V. 83.
p. 970; V. 85. p. 1005.)
NASHVILLE CHATTANOOGA A ST. LOUIS RY.—(See
Map.)—Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 m.; branches
to
Ac., 519 m.; leases Western A Atlantic, Chattanooga, Tenn., to Lebanon.
Atlanta.
Ga., 137 m., and Memphis A Paducah Division of the L. A N., 254
miles.
See V. 71, p. 544, 664, 864.
Total operated July 1 1910. 1.230 miles.
ORGANIZATION.—A majority of the stock ($7,177,600) Is
owned by
the Lou. A Nash., of which $5,501,500 Is
pledged under Its mtges. West.
A Atl. Is leased from State of Georgia till Dec. 27 1919 at
$420,012 yearly.
DIVS. \ '93. ’94. *95 to '98. '99 to '03. *04. '05. ’06. '07.
’08. ’09.
since 1893f 3H 3H 4 yearly.
None.
4
5
5
6 6J*
5
6
BONDS.—Consol, mtge of 1888 provided that all prior bonds
should be
paid off at maturity; sufficient of the $20,000 p. m. are reserved for them.
Jointly with Lou. A Nash, guarantees $2,500,000 L. A N. Ter. 4s
Sec
L. A N., V. 75, p. 1354;
$11,000 Aetna I. M., M. A O. 6s, V. 77,* 2390.
EARNINGS.—2 mos., (1910
Gross, $1,883,212; net, $445,195
July 1 to Aug. 31.
\ 1909
Gross, 1,847,003; net, 467,250
ANNUAL REPORT.—Report for 1909-10 was in V.
91, p, 865
Years end. June 30—
1910.
1909.
1908.
1907
1910*
1*230
1,230
$10,738,252 $12,238,472
2,556,153
18,658
2,508,310
18.400
291,983
Net Income
$3,559,149
Deduct—
Int. on debt and taxes.. $1,210,675
Rentals
626,518
$3,049,662
$2,866,794
$2,526,710
$1,191,002
80,000
(6)599,079
83,252
46,000
$1,189,360
626,607
$1,167,871
626,460
Miscellaneous
Dlv. on stock
Additions to property..
626,518
56,000
(5)499,232(5^)550,000
33,115
155,036
26 000
(6)600,000
...
Balance, surplus
$959,625
$653,795
$289,790
$106,379
Pres., John W. Thomas Jr.; V.-P., H. F.
Smith; Chairman of Board,
E. C. Lewis.—(V. 89, p. 718; V. 90, p.
167; V. 91, p, 717, 865.)
r»iiAS#?^!LM^AiPEoATUR*R^“_(?<'e
3,900,000
1.372,000
900,000
130,000
1,200.000
5,000,000
1,494,000
1,000,000
15,000,000
5,000.000
11.677,000
13,600,000
1.800,000
221.000
250,000
282,350
160,000
750,000
3,419.000
70,000
4 g
0 g
5 g
J
6g
MAS
M
J Jan
N
1 1931
May 1 1949
F&A15 Feb 15 1911
4 g
Sept 1 1935
MAS Sept 1 1991
3K g MAS Mch 1 2002
A O Oct 1 1942
g A
5 g
5
5 g
7
6 g
5
7
7
7
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
3H g
4H
4
5
5
4
5
5
4
4
g
g
A
A
A
A
A
A
A
A
A
A
A
A
A
g
g
800,000 See text
10,000.000 6 In 1910
6,300,000
7
6
750,000
6
300,000
371,000
6 g
376.000
A
A
Last Dividend
and Maturity
6 g
6
5 g
219,000
7,608.000
3.553.750
7H
1.000,000
5 g
J
A
stool?—$770?
1195.)
LXXXSt.
Places Where Interest and
Dividends are Payable
Farmers Loan A Tr, N Y
First Nat Bk, Mobile, Ala
Guar Trust Co, New York
Mobile and New York
Knickerbocker Tr Co,NY
Grand Cent Station, N Y
Treas. off., Pittsb., Pa.
S Sept 1 1939
Empire Tr Co, N Y
N May
1926
Goshen, N Y
J Jan
1943
U S Mtge A Tr Co, N Y
O Apr
1918
S P Co. 120 B’way, N Y
J July
1920
do
do
J July
1913
do
do
J July
1910 3H Del Lack A Western, NY
N May 1 1914
do
do
D Junel 1915
do
do
D Dec 1 2000
do
do
J 1912
do
do
N Nov 1910 2%
do
do
S Sept 1 1923
Brooklyn Trust Co, N Y
Julyl5*10 2X% Reading Terminal, Phlla
Oct
Jan
1
1
July 1
July 1
Aug 1
1925
1935
1926
1924
American Trust
Co, Oleve
July 1910 paid when due
1916
1910 5
1910 3%
1913
1917
1917
1923
R I Hospital Tr Co, Prov
Indian Hd Bank, Nashua
Aug
New York and Nashville
July
Hanover Nat Bank, N Y
Jan
Hanover Nat Bank, N Y
Jan
do
do
Jan
do
do
Jan
1923
do
do
Jan 1911 to 17
do
do
Apr 1 1928
do
do
July 1910 3 H% Nashville
Nov
J Jan
1 1932
May 1 1949
Mercantile Tr Co.St Louis
NASHVILLE TERMINAL RR.—Owns bridge across the Cumberland
River and 18 m. of track.
Leased for 99 years from May 1 1902 to Tenn.
Cent RR.. which owns entire $1,000,000 stock.
In Dec. 1909 filed a mtge.
to secure $3,000,000 bonds; $1,000,000
reserved to retire $1,000,000 first
5s of 1902.
None sold to July 1910.
V. 89, p. 1668.—(V. 89,
p.
NATCHEZ & EASTERN RY.—See Mississippi Central.
NATIONAL RAILWAYS OF MEXICO.—(See Map)— Comprises;
1668.)
Standard Gauge—Owned.
Miles.
Leased—
Miles.
Laredo to City of Mexico
802 Mexican Union Ry
11
Mex co City to Juarez City
1,224 Bar extension (Tampico to La
Mexico to Rio Balsas
182
Barra)
6
Clntura, Ac., lines (3-rall track)
6 Coahulla Coal Ry
24
Chlcalote to Tampico
406
Tampico to Monterey and Gomez
Total standard gauge
5,813
Palacio
548
Narrow Gauge—Owned.
Eagle Pass, Tex., and Cluaad
City of Mexico to Uruapan, Ac. 319
Porflrio Diaz via Torreon to
Mexico to Berlstain A branches 152
Durango
540
Leased—
Branch—Irapuato
Ameca
to
217
Mlchoacan .A Pacific Ry., Ma¬
“
Guadalajara to Manzanillo 221
ra vatlo to Zltacuaro
57
San Juan Jet. to Jaral
50
Vanegas to Matehuala
41
Total lncl. In earnings
6,341
Rincon to Pozos
37
Monterey to Matamoros
203
Controlled—Earnings separate
Gonzales to Acambaro
53
(see separate statem’t for each)
Jimenez to Rosario
96 Interne. Ry.dncl. 420m. Ieased)lw015
Other branches, Ac
981
Control Acquired in 1910—
Controlled—Securities Owned.
Pan-American RR
£92
Texas Mexican
By., Corpus
Vera Cruz A Isthmus
£65
Chrlstl to Laredo, Tex., Ac.. 162
Grand total (of which 1,468 narrow gauge)
7,913
ORGANIZATION.—Organized March 28 1908 under special Act of Con¬
gress of Mexloo, per plan In V. 86, p. 918. 982.
The properties of the National RR. of Mexico, Mexican Oentnft
and
Mexican International have been acquired by deeds,
operation of the same
being taken over Jan. 1 and Feb 1 1909 and July 1 1910, respectively.
V.88, p.452; V.89, p.1601; V.90, p.1554. In Aug. 1910 acquired all the stock
of the Vera Cruz A Isthmus and $9,800,000 of the $10,000,000 stock of the
Pan-American RR.
V. 91, p. 589.
Application to list, describing prop¬
erties, new securities, Ac., V. 88, p. 1318.
The Mexican Government owns $115,023,590 of the
$230,009,000
authorized stock, viz.: $10,000,000 first preferred,
$30,278,290 second
preferred and $74,745,300 common stock, and guarantees the principal
and Interest of the new general mtge. bonds.
V. 87, p. 1533.
DIVIDEND.—On 1st pref., 1908, 1%; 1909, 2%; 1910, Feb., 1%;
Asig..
In Oct. 1910 the stockholders auth. an extra dlv. of 1%. to be
2%.
paid
at directors* option, making 4% payable from
earnings of fiscal year 190910.
V. 91, p. 946.
Securities Immediately Issuable
The amounts of new bonds and pref
Exchange has agreed to list
shares which the New York Stock
as soon as Issued (V. 88, p. 1318) are as follows:
listed are shown in table at top of next page.|
[The amounts actually
Prior Lien 4H% Bonds ($225,000,000 authorized)—
Issuable In part exch. for Mex.Cent.bonds.abt. $70,294,962
Sold for cash
1
10,000,000
To Mexican Gov’t on acc’t of guaranty. Ao
6,000.000
Acct. $10,000,000 Nat. RR. notes April 1909—
7,200,000
Betterments, equip., retiring equip, oblig., Ac. 13,005,000-$106.499462
The remainder of the auth. issue of $225,000,000 is reserved as fol¬
lows: (1) $23,000,000 to retire $23,000,000 National RR. of Mexloo
prior
lien 4 H% bonds due Oct. 1 1926; (2) $95,500,000 for extensions, additions
and Improvements as shown In V. 86, p. 1319, 919.
The right Is reserved to Issue $6,000,000 additional bonds
ranking part
passu with the other bonds of this series, to take up at or before maturity
£1,200,000 prior lien bonds of the Mex. Intemat. RR. Co.
The prior Hen bonds will be subject to call after Jan. 1 1917 at 105 In
amounts not less than $10,000,000, or for a cumulative sink, fund sufficient
to retire the entire Issue by maturity.
duaranteed General Mortgage 4% Bonds ($160,000,000 auth.)—
Issuable In part exch. for Mex.Cent.bonds, Ao. $38,565,075
Sold for cash
6,750,000
To Mex. Gov’t on account of guaranty, Ao
2,450.000
Acct. $10,000,000 Nat. RR. g. notes due Apr.’09 4,800,000
Betterments, equip., retiring equip, oblig., Ac.
8,185,925—$60,751,600
The remainder of the authorized Issue of $160,000,000 Is reserved as fol¬
lows:
(1) $24,749,000 to retire outstanding National RR. of Mexico flrat
consol. 4s; (2) $74,500,000 for extensions, additions and Improvements as
stated In V. 86. p. 1320, 919.
The right Is reserved to Issue additional bonds, ranking pari passu with
the other bonds of this series, to take up or retire at or before maturity an
equal amount of the consol, mtge. bonds of the Mexican International RR.
The general mtge. bonds will be subject to call at par In amounts not less
than $10,000,000 after April 1 1927; also on and after Oct. 1 1937 for a cum¬
ulative sinking fund, which Is to retire entire Issue not later than 1977.
First Preferred Shares ($30,000,000 authorized)—
$28,832,900
To assure to the 1st pref. shares semi-annual divs. of 1% for 3 years from
Jan. 1 1908, to the extent to which the net profits
shall not be sufficient
to make such payment, provision Is to be made for the setting aside
by the
company, as a separate fund, of $1,800,000 prior Hen bonds and $1,200,000
guaranteed gen. mtge. bonds, or sufficient proceeds thereof.
Second Preferred Shares ($125,000,000 auth.)—
Issuable In part exchange for Mex. Cent. bds_$41,416,2S4
For Mex. Cent.Ry. stock ($59,127,100), 100% 59,127,100
Account of Nat. RR. of Mexico stock
24,456,666—$125,009,000
Of the Mexican International consol. 4s $2,497,000 were In Jan. 1905
reserved for extensions at $10,000 per mUe and Improvements.
The total
Issue of consols Is limited to $16,000,000.
The guaranty of prln. and int.
by National RR. of Mexico under agreement of June 30 1902 stamped oa
—
Louisville A Nashville.)—
Owns from Nashville, Tenn., to
Decatur, Ala., 119 miles. Re-leased to
Lou. A Nash. In 1900 for 999 yean, the rental
being 7 H% on stock
The
Lou. A Nash. July 1 1910 owned
$1,979,600 of the
p.
200,000
600,000
175,000
2,500,000
None Jul’lo
*
Mileage end of year
1,230
1,230
Gross earnings
$11,637,204 $11,112,114
Net earnings
3,199,945
2,771,413
Investments, Ac
57,737
16,458
Hire of equip..rentals, Ac.
301,467
261,790
$4,000,000
See text
1873
1877
1877
1883
[VOL.
90
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first
page]
Miles
Road
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
[VOL.
When
Payable
Last Dividend
and Maturity
LXXXXI
Places Where Interest and
Dividends are Payable
National Railways of Mexico—
Com stock $75,000,000 U S g or
150.000,000 Mex pes
First pref stk $30,000,000 4% n-c
(also as to assets)
2d pref stock $125,000,000 5% n-c (also as to assets)
PrI lien M U S g red 105 beg ’17 (see text)
.Ce.xc* &r*
General mtge U S gold redeem par (text) guar. Nxc*
Nat.RR of Mex prior Hen M gold call 105
Un.c*
First consol M $60,000,000 gold (see text).Ce.c‘
Mexican Central—First mortgage
Including scrip..
Priority bonds gold redeemable at 110
First
cons
Inc &
scrip n-cum ($9,600 p m) g. AB.c*
2d cons inc($6,400
p m)red 50 %to Aug 1929AB.c*
Registered In ame bonds and scrip unassentcd-.r
Oar and locomotive rental notes
Equipment 5s $50,000 redeemable yearly at par.
do
($50,000 yearly par) red 102 H beg ’10-OB.c*
Mex Int Prior lien El.200,000 red at
par.Un.xc*&r
First cons M $16,000,000 gold not
do g. guar stamp subj to call at guar..Mp.xc*&r
95 to Men 1907.
$74,792,200
28,830,200 See
1907
1907
1901
1901
1881
1889
1,284
1,514
3,407
$, £ Ac
$. £ dec
500 dec
500 dec
1,000
1,000
1,000
1,000
1,000
1,000
1889
1889
1889
3,407
3,407
1881
1897
1899
1897
1897
1897
615
894
894
1,000
1,000
£100 dec
$500 dec
500 dec
York New Haven & Hartford
Nevada-Caiifornia-Oregon—First mtge $1,500,000 g.
184 1899
1,000
Nevada Central—1st M gold non-cum Inc (sink fd) -Ce
94
1888
1,000
New England—See New York New Haven & Hartford
New Haven & Northampton—See New York New Ha ven A Hartfo
rd
New Jersey Junction—First M guar $4,000,000-G.c&r
5 1886
1,000
New Jersey & New York—See Erie RR Co
New Jersey & Pennsylvania—1st M $200,000 red 105.
25 1907
1,000
New London Northern—Stock
121
100
First mortgage
Ba.c* &r*
121
1910 1,000 dec
West River first mortgage guaranteed
35
prln and lnt.
1905
117 1901
1,000
g
ew Mexico Ry & Coal—See El Paso A Northeastern
Co
New Orleans Great Northern—First M gold—K.c* &r
241
1905 1,000 dec
New Orl Mobile & Chic—Com stk $25,000 per mile..
100
Preferred stock 6% $5,000,000 ($5,000 per mile)
100
First mortgage $30,000,000 ($30,000 per mile)
402
1910
1,000
New Orleans & North Eastern—Stock $6,000,000
196
100
Prior lien mortgage gold
Ce.o*
196 1885
1,000
FlTBt mortgage eold
Pc*
196
18S1
1 000
Naugatuck—See Hew
Sew Mexico Cent—S Fe Cent 1st M $2,500,000
PPic*
—
— -
•
•
•
•
„
.
_
_
_
_
_
$6,501,000 of the consols has been assumed by the Nat.
Rys. of Mexico.
V. 75, p. 185
Prior lien 4^s, see, V. 65,
jp. 151, 1071.
Consol. 4s of
1897 listed on N. Y. Stock Exch. Feb. 1898.
See application In V. 66,p,341.
GENERAL FINANCES.—In May 1908 the
readjustment managers
sold $13,750,000 prior lien 4^s at 94% and In
June 1909 $24,000,000 at
95%, and In June 1908 they sold $29,500,000 general 4s to French
bankers.
V. 86, D. 1344; V. 87, p. 38; V. 86, p. 918, 982;
V. 88. p. 52, 231, 1438.)
EARNINGS.—2 mos.,, J1910
Gross, $10,465,136; net, $4,260,759
July 1 to Aug. 31.
\1909
Gross,
8,990.252; net,
3,564,484
REPORT.—First report for year ending June 30 1909 was In
V. 89, p.
1593,1601,1661 (editorial, p.1570), showing in Mexican
currency,
ble into U. S. currency at 50 cents
Mexican Currency—
Gross earnings
Operating
on
1909-10.
...
$48,805,522
.$20,968,736
1,188,536
$19,638,629
1,386,094
.$22,157,272
$21,024,723
$413,068
$335,986
1,105,250
1,340,400
.
Deduct-
.
AdjU8tment8, rentals, &c.
Depreciation reserve
187,891
980,000
_
.
reserve
fund.
Balance, surplus
1908-09.
$52,562,293
31,593,557
expenses
Net earnings
Other Income
Transfer to
converti¬
the dollar:
1,000,000
16,739,744
141,828
29,166,893
16,975,944
63,357
.(3)1,729,974
(2)1,153,316
.$21,192,505
$20,974,253
964,767
50,470
•Also 1% additional authorized from
earnings of 1909-10.
Chairman of Board, Lie. Jose Ives Lima
tour; Vice-Chairman. Lie.
Pablo Macedo; Chairman New York Local
Board, H. Clay Pierce; Pres.,
E. N. Brown.
N. Y. office, 25 Broad St.—(V.
91, p. 717, 943. 946.)
NEVADA-CALIFORNIA-OREGON RY.—Reno, Nev., to Alturas.
184 miles, of which Madeline
toLlkely, 20 miles, opened Oct. 1 1907,Cal.,
and
20 miles, from Likely to Alturas,
completed Dec. 1908. Extension
pro¬
posed 58 miles to Lakevlew, Ore., of which 20
m.,
to
a point near the south
end of Goose Lake, to be built In 1910-11.
The Sierra Valleys RR., Plumas
to Mohawk, Cal., 37 miles, was
acquired at foreclosure sale Jan. 30
1909,
the stock of new co. to be owned, V.
88, p. 452.
Stock, com., $1,450,000;
pref., $750,000, all out. After 5% on com., both
stocks share pro rata.
Dlv. on pref. Aug. 1906, 3%; Aug.
1907, 4%; Aug. 1908 to 1910, 5% each.
Dividend on common stock, 1%, paid
Aug. 1909 and 1% Aug. 1910.
Report for year 1909-10 was In V. 91, p. 865,
showing, gross, $447,857;
net, $229,252; other Income, $13,114; lnt.,
taxes, &c., $53,791; dlv. on pref.
(5%), $37,500; dlv. on com. (1%), $14,500;
improvements, $101,009; Dal.,
surplus, $35,566.
Pres., D. C. Moran, 68 William St., N.
Y.—(V. 89,
p. 779, 843; V. 91. p. 865.)
NEW JERSEY JUNCTION RR.—Terminal road
through Jersey City,
Leased
Hoboken and Weehawken, about 5 miles.
80 1886 to N.Y.Central, which
guarantees
for 100 years from June
bonds and owns $100,000 stock.
NEW JERSEY & NEW YORK RR.—Owns
from Erie Jet., N. J.. to
Gamervllle, N. Y., 29 miles; branches to New City,
&c., 5 m.; operates to
Ha verst raw, &c., 14 m.; total
operated, 48 miles.
Erie RR. In April 1896
purchased control. Stock, $1,440,800 com.,
$787,800 pref.; par, $100. Con¬
trol Is with pref. stock and 1st
mtge. till 6 % has been paid on
pref. for three
years.
The $400,000 6% bonds
maturing
May 1 1910 were extended 30
years at 5%.
V. 90, p. 914.
Year ending June 30
1909, gross, $634,552;
net,i$193,567: o^her tec.,^$2,243; lnt., rentals, &c., $181,657;
bal.,
sur.,
NEW JERSEY & PENNSYLVANIA
RR.—See page 165.
NEW LONDON NORTHERN RR.—Owns from
New London, Conn., via
Brattleboro, Vt.» to South Londonderry. Vt.. 158 miles.
LEASED for 99 years from Deo. 1 1891 to
Central
Vermont. The rental
Is $213,552 per annum, which leaves a
small surplus after
for Inter¬
est, &c., and 9% dividends.
Taxes and Improvements providing
met by lessee.
In
July 1910 Issued $1,500,000 4s to refund
bonds due.
V. 90, p. 1677
DIVIDENDS.—1888 to April 1892, 7% yearly, then
8% yearly to 1893,
and since to Oct. 1910 (Inc.),
2)£% quar. (9% per an .)—V. 90,
p.
1677.)
NEW MEXICO CENTRAL RR—See
page 165.
NEW ORLEANS FORT JACKSON & GRAND
ISLE RR.—V 88, p. 375.
NEW
ORLEANS GREAT NORTHERN RR.—Owns New
La., to Jackson, Miss., 182 miles, with
Orleans,
Rio, La., to Tylertown,
Miss., 41 m.; Slidell, La., to Folsom, La.,branches,
47
operated, lncl. 29 m. trackage New Orleans m., making a total of 270 miles
to Slidell, La.
On July 1 1909
entire mileage was turned over to
operating dept.
Stock, $4,242,200.
Of first mtge. bonds
($10,000,000
authorized),
$7,500,000
have been
Issued for construction and
equipment. V. 81, p. 841.
EARNINGS.—2 mos., (1910
Gross,
$293,474; net, $122,080
July 1 to Aug. 31.
11909
Gross,
206,813; net.
For year ending June 30 1910,
61,556
gross, $1,499,038; net, $589,964;
taxes,
$14,400; other Income, $170,272; int. on
bonds,
other
$399,479;
charges,
$113,248; bal., sur., $193,109.
.
OFFICERS.—Pres., Charles W. Goodyear; 1st V.-P. and Gen.
M. R. Olmsted; 2d V.-P. and
Counsel,
Sec., C. I. James; Treas., F. A. Lehr;
Gen.
Mgr., N. G^ Pearsall. Directors: Messrs.
Goodyear,
James, Olmsted
Pearsall. I. C. Enochs, C. K. Muillngs, G. M.
Whitney.
G.
C. Llgon and
0. W. Goodyear Jr.—(V.
86, p. 1530: V. 88. p. 1197; V.
90, p. 373.)
NEW ORLEANS MOBILE & CHICAGO
RR.—Operates:
Hoad—
Miles.\ Road—
Miles
Mobile. Ala., to Middleton. Tenn.369
Beaumont, Miss., to Hattiesburg. 27( Elllsvllle Jet. to Elllsvllle, Miss.. 6
Total (100 m. 60-lb. and 302 m.
70-lb steel), |nd. Gulf A
Chicago...402
text F
123.966.800
84.783,177
50,650,100
23.000.000
24,740,000
4H
55,000
11,200
1,587,986
350.000
450.000
5.850,000
705,500
6,501.000
583,000
750.000
de
A
A
A
A
A
A
J
O
J
O
J
J
J
J
J
J
July 10
4 g
A
4 H g J
4 g
A
41,085 (7) 4
1.420.000
6 g
3.661.000
4 g
782,400
3 g
3
3
A
de
g J
July 1
& g
6 g
See text
Jbly 1 1957
do
Oct
Oct
Oct
1 1977
1 1926
1 1951
July 1 1911
July 1 1939
London
A
A
4H g M
4 g
M
4 g
M
&
A
de
A
de
o Apr
O Oct
S Sept
S Sept
S Sept
Sg
1 1917
1 1919
1 1947
1 1977
1 1977
and
Boston
do
do
10 1939
10 1939
July 1 1911
do
do
do
do
do
do
do
July 1 1911
Jan
Jan
Office, 25 Broad St, N Y
do
do
None paid
do
do
Old Col Tr Co. Bostde Lon
do
do
Speyer Brothers, London
Office. 25 Broad St, N Y
do
do
5 g
M
J
A
de
N May 1 1919
J July 2 1938
Moran Bros,
1,700,000
4
F
de
A Feb
N Y Central A Hud River
200,000
1,500,000
1.500,000
75,000
J
de
2.000.000
5
9
4 g
4
5 K
D June 1 1927
Corp Tr Co, Jersey
Q—J
Oct. 1910 2 H% New London Office
J
A
J July 1 1940
J
A D 85 years
do
do
J
de
D Deo 11941
Pittsburgh Trust Co
7.500,000
5 g
F
de
(?)
(?)
11.041,000
1 1986
A Aug 1 1955
J
5g
A
J Jan 1 1960
6 Hln ’10 Yearly
Sept 3 1910
6 g
A
A
O Nov 1 1915
100.000
6 g
de
J
J Jan 1911
6,000,000
1,320,000
ORGANIZATION.—Successor Dec.
New York
154% paid Feb 1909
City
Knick. Tr. Co., N. Y.
49 Wall St.. N Y
6M New Orleans, La
Central Trust Co. N Y
Muller. Schall A Co, N Y
1 1909
plan V. 85, p. 1577; V. 87,
1664, to Mobile Jackson & Kan C’y and Gulf per
& Chicago, sold in foreclosure
1909.
V. 89, p. 529, 919.
It is proposed
the
eventually to extend
p.
Aug. 23
system to the Ohio River on the north
and to New Orleans on the
A syndicate formed
south.
by the Interests now In control agreed to
the floating debt of the old
assume
companies, aggregating $1,534,262, accept¬
ing as security $1,534,263 In bonds and
$153,426 In new pref. stock.
Miscellaneous car trusts June 30 1909,
$121,491.
There are also outstanding
$36,000 old Mob. Jackson & K. C. 1st
50-yr.
gold 5s, due June 1946; lnt. J. & D.; Central
Trust Co., N. Y., trustee.
EARNINGS.—11 mos., f 1909-10
Gross, $1,572,781; net, $545,547
July 1 to May 31.
11908-09
Gross, 1,424,013; net, 438,270
Surplus after charges, $25,628, agst. def.
$37,953 In 1908-09.
REPORT.—Report for year ending June 30 1909 (old co.) In V. 89,
p.
1540, showed: Total operating revenue,
net after taxes, $461,,522; lnt. on bonds, &c., $489,296; rents $1,525,833;
and hire of equip., $24,560;
bal..
def., $52,334. In 1907-08 op. rev.
$1,440,397; net, $224,007.
L. S. Berg, 49 Wall St., N. Y.; Sec. and
OFFICERS.—Pres.,
Treas.,
Geo. W. Crary, Mobile, Ala.
Directors.—Brayton Ives (Chairman), L. S. Berg, Chas. K.
Beekman,
Geo. R. Sheldon, Frederic E. Fried and
R. W. K. Anderson of New
John McLeod, Pittsburgh: Richard
York;
B. Scandrett, Pittsburgh; Wm. C.
Sproul. Chester, Pa.; S. Wexler, New
Orleans,
and
Edmund
K.
New York.—(V. 90. p. 167.)
Stallo,
NEW ORLEANS & NORTH EASTERN
idian, Miss., 196 mUes. Stock, $6,000,000 RR.—New Orleans. La., to Mer¬
(par $100), of which $5,320,000
and $5,195,000 gen. 4 Ha and
$1,500,000 Incomes were held In Jan.
1910 by
Ala. New Orleans Texas A Pac. Jet.
Ry.
Reorganized In 1902 per plan In V. 74, p. 681. Dividend on
stock 1903
and 1904,3% each; 1905,3H%;
1906,5%;
Sept., 5%; 1910, Sept., 6H%. Of the gen. 41907, 6%; 1908. 4%: 1909.
Hs, $1,472,000 are reserved
to retire the remaining prior Hen and
first mtge. bonds and $766,000 for
future needs.
Equipment notes of 1906, V. 82, p. 987.
EARNINGS.—2 mos.,11910
Gross, $567,612; net, $204,955
July 1 to Aug 31.
J1909
Gross, 494,921; net,
147,173
Report for 1908-09, V. 89. p. 1594.
Yr. end. June 30.
Gross.
Net.
Oth. Inc.
Int., Ac.
Balance.
1909-10..
$3,443,102 $1,074,092 $20,494 $580,663 $513,923
1908-09..
3,035,088
843,164
86,651
599,748
330,066
From surplus paid dlv. of 6 H% ($390,000) In
000) In 1908-09.—(V. 87, p. 1295; V. 89, p. 779,1909-10, against 5% ($300,1223, 1594; V. 91, p. 717.)
NEW ORLEANS TERMINAL CO.—Owns extensive
terminal property at
New Orleans and a belt railroad around the
city, leased to the St. Louis d>
San Francisco and South. Ry. for 99 years from
July 1 1903, rental ooverlng
all expenses of operations, maintenance,
taxes and Interest.
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. In FeD.
1909 $3,000,000 of an Issue of $3,500,000
2-year 5% notes, guaranteed by
two lessor companies and secured
by $5,000,000 bonds, were sold to retire
$2,500,000 notes maturing April 10 1909 and for
V. 86, p.
721; V. 88. p. 564. Pres., D. D. Curran. See V.Improvements.
78, p. 343, 1447; V. 79,
p. 1466; V. 81. p. 155; V. 83. p. 272; V. 86, p.
721; V. 88, p. 564.)
NEWPORT & RICHFORD RR.—Owns from Newport, Vt., to Canadian
line near No. Troy, 22 miles.
Leased for 99 years from June 8 1881 to
Montreal & Atlantic Ry., In turn operated by
Canadian Pacific Ry.: rental
$18,000 a year.
Stock. $350,000, mortly owned by Connecticut & Passumpslc Rivers RR. (Boston A Maine system), which
guarantees the new
$350,000 1st 5s, principal and Interest. V. 91, p. 1026.—(V. 91,
p. 1026.)
NEW YORK BAY RR.—Owns from Kearney Junction, N.
J.,
to
a point
4,184 feet east of Waverly Station, near Newark, and from a
point 4,037
feet east of Waverly Station to the bulkhead line at
Greenville piers, on New
York Bay, 10.98 miles, with 3 branches, 2.59
miles; total, 13.57 miles.
Stock, $6,000,000, all owned by Pennsylvania RR.
In 1908 made a mtge.
to secure $6,000,000 bonds, of which Penn. RR.
Dec. 31 1909 owned $3,310,000. V. 86, p. 920, 982.—(V. 86. p. 920, 982.)
NEW YORK BROOKLYN & MANHATTAN BEACH RY—Owns
from
Fresh Pond Junction to Manhattan Beach
(Coney Island), and branches
to Bay Ridge and
Greenpolnt, 15 miles.
Leased for 99 years from
Oct. 1 1885 to the Long luand RR. Co., which owns
majority of stock.
Rental, Interest on bonds and 5% on pref. stock. Common stock, $350,000.
L. I. RR. has attached to the bonds Its unconditional
guaranty of principal
and Interest In addition to facts as to
lease.—(V. 83, p. 1348.)
NEW YORK CENT. & HUD. RIVER RR.—(See
Mips. pp..88, 89.)
Lines owned.
MUes
Operated Under Contract {Concl.)—
New York to Buffalo
441 St. Lawrence & Adirondack*—
56
Branches
365 Trackage
274
Proprietary lines
3
Lines le ised. (*See this co.)
Total In earnings
3,782
West Shore*
479
Controlled—Operated Separately.
Troy A Greenbush*
6 Lake Shore A Mich. Southern*-1,663
Spuyten Duyvll A Pt. M.*
5 Michigan Central*
.1.746
New York & Harlem*—----- 137 Lake E. Alliance A
Wheeling..
88
New Jersey Junction*
5 N. Y. Chic. A St. Lou s RK*..
523
Rome Watertown & Ogden*-.- 624 Lake Erie A Western*
1
Mohawk A Malone*
182 Northern Ohio*
I 886
Carthage & Adirondack*
46 “Big Four” System*
2,334
New York & Putnam*
59 Chicago Indiana A Southern*-.
353
Boston & Albany*
393 Cincinnati Northern*
248
New York & Ottawa*
126 Dunkirk All. Val. A Pitts.*—.
91
Geneva Corning A Southern— *232 Pitts. A Lake
Erie system*
191
Beech Creek RR.*
165 Rutland RR
468
Beech Creek Extension RR.,
Little Falls A Dolgevllle
14
etc.*
127 Chicago Kalamazoo A Saginaw
55
Wallklll Valley
33 Detroit A Charlevoix
44
Operated Under Contract—
Indiana Harbor Belt
160
Terminal Ry. of Buffalo*----11
Total Jan. 1910. less 161 m.
duplicated (338 miles 4-tracked)
-...12,430
.....
...
-
-
-
—
O«t.t 1910.]
RAILWAY STOCKS AND BONDS.
91
92
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on
first page]
New Orl & N b
Miles
Road
196
196
•
Notes guaranteed gold.
Newport & Richford—1st
••
...
M $350,000 g, gu C&P SI
22
14
15
15
Sew
York Bay—First
mortgage
$0,000,000
Y Bklyn
& Manhattan
Beach—Pref
stock gold-.
non-cu
First cons M (now 1st M) gold
guar by L I
Ce
N Y Cent & Hud River—Stock
($250,000,000 auth)
Refunding mortgage $100,000,000 gold—Ce.c*
809
---
*
mm
New York Central Lines—
do
do
$2,000,000
an.
(V 90,p 914) ..Q<
Chicago St St Louis—Common
Par
Value
1902
1902
1906
1903
1909
$1,000
1,000
1,000
1,000 ftc
1,000
1911
1,000
1908
1,000 ftc
stock
...
2d pref stock (5% non-cum)
First preferred (5% non-cumulatlve)
First mortgage gold sink fund not drawn..Ce.<
Debenture bonds $10,000,000 gold
Gx.c’
—
«.
1885
1898
1898
1909
1909
1900
1904
1907
1910
1,000 ftc
1,000 ftc
1897
....
....
N Yft Greenwood Lake—Prior lien M gu p A 1-N.gxc*
New York & Harlem—Common 14%, 10% guaranteed
Preferred stock 14%, 10% guaranteed
N Y Lackawanna St Western—Stock guar 5% (end)
First mortgage guar by Del Lack ft Western. >F.c*
Construction mortgage guar by D L & W (end) F.c*
Third M Term Imp ($5,000,000)
guarp & 1 (end)--F
New York Lake Erie St Western—See
Erie RR
NY&LongBr—Gen M (now 1st) $2,500,000g.Ce.c*
New York New Haven St Hartford—Stock (see text)
Debentures ($5,000,000 are 4s) non-convertible, c&r
Deb (for Cent N E ft W) g non-conv (V 78,
p 788)
Debentures (for F H A W) (V 78, p 2335)
Debentures (for N. Y. Ont ft West) (V 80.
p 2458).
--
-
.
...
53
146
146
136
214
214
214
214
38
1,000
100
1,000 ftc
1,000 ftc
1,000 ftc
1,000 ftc
1,000 ftc
1 bond
1,000 ftc
....
505
100
....
....
---
N Y
Date
Bonds
1887
1906
1896
....
....
1897
....
1880
1883
1890
100
100
100
1891
1,000
100
.
_
.
...
—
*97-*01
1904
1904
1905
........
........
500 ftc
N. Y. CENTRAL ft HUDSON RIVER RR
—(Concluded.)
Also controls Lake Erie ft Pittsburgh
Ry., completed from Lorain, O.,
southeast to Berea, 13 miles, and to be extended to
Cleveland and Youngs¬
town, making about 120 miles In all.
V. 83, p. 1037.
In Jan. 1909 was authorized to purchase the
$989,000 Spuyten Duyvel ft
Port Morris stock at not over $230 per $100 share.
V. 88. p. 375. 823.
In 1909 made a new lease of Geneva
Corning & So. V. 88, p. 823, 1128.
In March 1910 the Lake Shore ft
Michigan Southern acquired the greater
part of the Toledo ft Ohio Central stock and all the stock and
bonds of the
Zanesville ft Western and Jointly with the
Chesapeake & Ohio, a majority of
the Kanawha ft Michigan stock.
V. 90, p. 771.
HISTORY, &c.—Control of the Lake Shore and Michigan Central
roads
was acquired In 1898, as stated below.
V. 71, p. 502; V. 78. p. 48.
In Jan. 1910 a 99-year traffic
agreement was made with the Western
were sold.
V. 88, p. 375.
Vanderbilt estate, V. 71, p. 1221.
Since 1906 the allied lines, with the
exception of the N. Y. Chicago
ft St. Louis, are known as the “New
York Central Lines.**
V. 81, p. 1792.
STOCK.—Dlvs. on stock reg. In London are
payable
at 49 Hd. to the $•
Stockholders were offered $44,658,000 new stock at
par, payable on or before Jan. 20 1910, raising the amount
outstanding to $223,290,000, the pro¬
ceeds to be used to retire $21,966,615 of
the $25,000,000 5% notes
maturing
Feb. 1 1910; remainder for additions and
improvements. V. 89, p. 1223,
1411, 1542, 1668; V.
90,p. 705.
DIVID’DS. 1 *94. *95. *96-*98. *99.’00 to *06. *07. ’08.
1909.
Since 1893 ..%\
5
4* 4 y»rly 4
5 y’rly
6
5*
5
In 1910, Jan., 1H%; April. 1H%:
July, 1H%; Oct., 1H%.
1910.
Below.
BONDS.—Ref. mortgage is for $100,000,000, of which $73,346 000
was
Issued to retire $70,377,000 old bonds and
$11,654,000 for general purposes,
remainder ($15,000,000) was reserved for new
construction, of which $4,000,000 sold Feb. 1909.
V. 77, p. 452; V. 86. p. 1043,
1101; V. 88. p. 506.
Collateral trust
of 1898 are secured by
deposit of stock of the Lake
Shore ft Michigan Southern and
Michigan Central RRs. at the rate of $100
of L. S. ft M. S. stock for each $200 of
bonds and $100 of Mich. Cent, stock
for each $115 of bonds outstanding.
See V. 66, p. 288, 336, 760, 811.
In 1904 $50,000,000 4% debentures
were authorized, of which
$30.000,000 were sold in 1904 and $13,000,000 In 1908.
On Jan. 13 1910 the com¬
pany was authorized to issue $5,000,000 4% debenture
bonds
of
1934 in
payment for $5,000,000 Geneva Corning ft Southern
1st pref. stock.
V.
90, p. 168.
They are to be secured by any new mortgages,
but
existing
mortgages may be extended.
V. 78, p. 1907, 1962,
2148; V. 86, p. 1043, 1101, 1467; V. 87, p. 415, 614. 2384; V. 79, p. 1335,
In 1909 made a new mtge. on the Gene
leva Corning & Southern to
secure
an authorized issue of not
exceeding *$10,000,000 jonds bearing 4% in¬
terest, to retire outstanding bonds and for extensions
and
of which $3,744,000 authorized to be
Improvements,
issued in
1909; not yet issued,
April 1910. V. 88, p. 1128; V. 89, p. 287. AlsoJuly
on the
Spuyten Duyvil ft
Port Morris $20,000,000, of which
$2,500,000 3 Hs has been Issued,
to refund lndetedn ess to N. Y.
mostly
Central.
V. 89, p. 105, 287.
As to equipment trusts of 1907 and
1910, see “N. Y. Cent. Lines” below.
GUARANTIES.—The company guarantees the securities
of Its leased
lines to a considerable aggregate—see
separate statement for each
In the table of mileage
company
preceding. It also guarantees Western Transit
Co.
3K8 for $1,000,000 due Feb. 1923.
_
GENERAL FINANCES.—The refunding of old
bonds
1905; annual saving in Interest charges
about $1,475,000.
was completed In
In Jan. 1907 the dividend rate was
raised from 5 to 6% (but again
to 5% in April 1908 and restored to
reduced
6% in April 1910), and the divi¬
dend rates on the Lake Shore and the
Michigan
Central
from
8
to
4 to 6%. respectively,
increasing the Income of the Central from Its 12% and
of the stocks of the two
holdings
companies $2,147,754 yearly
Jan 1908 2% extra
was paid on the Lake Shore
and Mich. Central stocks, and In
Mch. 1910 6%
extra on Lake Shore stock.
V. 83, p. 1411; V. 85, p. 1577:
V. 90, p 627
The oompany Intends to
spend In 1910 about $42,000,000 for
ments and $38,000,000
Improve¬
subsequently
for
Improvements
In
progress Oct. 1910
V. 88, p. 624, 1254; V. 89,
p. 104, 1223; V. 91, p. 1026.
As to sale of $44,658,000 stock in
1909-10, see “Stock” above.
In 1902-03 control of the
Reading Co. was acquired by Balt, ft Ohio
(Pennsylvania Interests) and Lake Shore. V. 76,
p. 101; V. 78, p. 48.
In Mch 1910 the Oregon Short Line
(Union Pacific system) owned
$17.857,125 N. Y. Central stock
V. 84, p. 52, 571; V. 89. p. 411.
The New York State Railways Co.
(see “Electrio Railway
the company’s trolley ally,
Section”) is
owning or controlling some 634 miles
of electric
railway In N. Y. State (compare V. 87,
p. 544).
In
1910
an Initial
July
dividend of 134% was paid on the New York
State Rys. common stock
and 134% on Mohawk
Valley Co. stock. V. 90, p. 1296.
EARNINGS.—8 mes., J1910
Gross, $64,425,384; net, $16,235,104
Jan. 1 to Aug. 31.
(1®09
Gross,
58.888.638; net,
For 6 moe. ending June 80
17,307,450
1910, net, $11,047,815, agst.
other Ineome, $8,915,518;
$11,956,815;
•harges, $13,172,457; bal.,
$6,790,874.
ANNUAL
REPORT.—Report for year ending Dec. 31 1909 was given
at length in V.
90. p. 691, 704.
See also editorial, p.665.
Combined Results OF ALLIED LINES.
(Compare V. 90, p 910, 886.)
Year end. Dec. 31
1909.
1908.
Inc. or Dec.
Miles operated
'P
12,430
12,283
+ 147
Operating revenues
$236,941,707 $207,019,025 + $29,922,682
Operating lnoome
69,601,901
F 1,869 626
+ 17,732,275
Other income
20,418,087
19,806,909
+ 611,178
Gross corporate income
$90,019,988
Charges
New equip, and additions.
Dividends
Balaaee, surplus
$47,174,341
1
1,923,157
20,242.978
$20,679,512
sur.,
$71,676,535
$46,471,577
4,705,548
18,291,860
+
Rate
When
%
Payable
$5,762,000
4 H g J
1,500,000 Upto4X %
195,000
10.000.000
3.000,000
350,000
3,840.000
650.000
1.726.000
223,290,000 See
89.000.000
90,578.400
19.336,445
See text
2,500,000
5.500.000
48,000,000
24,000,000
22,500 000
5 g
4 g
5
5 g
$18,343,453
+ $702,764
—2;782,391
+ 1,951,118
$2,207,550 +$18,471,962
J
J
A
A
text
3K g J
3H g F
SH g F
4 g
M
3Hg J
3H g J
4 g
M
and
Jan
Maturity
Dividends
are
Payable
1 1952
July 1 1952
Apr '11-Apr *13
July 1 1953
Apr 10 1911
ft
J Jan
ft
J Jan
ft o Oct
ft
o Oct
O—J
Oct
ft
J July
ft A Feb
ft
A Feb
ft N May
ft D June
ft
J July
ft N May
5 g
M
4 H g J
LXXXXI.
Last Dividend
ft
J
gold (If
AH g A ft O
4 g
J
ft
J
5 g
A ft O10
14,000,000 See text
11,000,000 See text
5.000.000 See text
1,000 19,155.000
4 g
1,000 10,000.000
4 g
100 ftc
1.500.000
fig
50
8,656,050 See text
50
1,343,950 See text
1,000 ftc 12,000,000
SH g
100 10,000,000
5
1,000 12.000.000
6
1.000
5,000.000
5
1,000
5.000.000
4
...
...
Amount
Outstanding
[VOL.
Y
N Y
1 1941
1 1948
1910 2M%
1 1935
15 *10
1H
1 1997
1 1998
1 1998
1 1959
1 1959
1 2000
1 1934
S Mte e ft Tr Co. N Y
rand u mt Station, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
ft
ft
N Nov 1911-1922
J Jan 1 1911-1925
March
Mch 1 1910 3%
M
ft
S Sep 1 ’10 2H%
M
ft
S Sep 1 *10 2 H%
A
ft
o Oct 1 1937
M
ft N May 1 1931
M ft N May 1 1946
See text Oct 11910 1 H%
See text Octl 1910 1 H%
M ft N May 1 2000
O—J
Oct 1 1910 1M
J
ft
J Jan 1 1921
F
ft
A Aug 1 1923
M ft N May 1 1923
do'
do
atlon, N
do
do
Trust
do
do
Co.
N
do
do
do
do
tern
do
do
do
-ack
do
do
do
2.500.000 4g ft fig M ft
S Sept 1 1941
8 in 1909 0- -M 30
3019102%
10,000,000 SH St A M ft S Sept
Mch 1 1947
5,000,000
4 g
F
ft
A Feb 1 1914
do
do
10,000,000
ft
A
SH
O Apr 1 1954
15.000.000J
4
J
ft
J July 1 1955
REPORT OF NEW YORK CENTRAL
A HUDSON RIVER RR
Year ending Dec. 31—
See text
1909.
3,782
Miles operated
Railroad revenues
Oper. income (after taxes)
Other income
1908.
$83,927,354
$18,521,084
$12,611,996
$35,742,357
$9,943,577
9,854,522
1,508,632
Other rents and miscellaneous..
740,205
Dividends (5%)..
8.931,600
$31,133,080
$9,708,045
9,681.540
2,060,139
607,470
8.931.600
Gross corporate Income.,
Rentals of leased lines
Interest on bonds. &c
Hlreof equip., incl. int
Inc.
3,781
$93,171,860
$24,349,498
$11,392,859
or
H
Y
Dec.
+1
+ $9,244,506
+ $5,828,414
—$1,219,137
+ $4,609,277
+ $235,532
+ 172,982
—551.507
+ 132,726
Balance, surplus...
$4,763,820
$144,276
+$4,619,544
President, William C. Brown; Chairman,
Chauncey M. Depew; VicePresidents; E. V. W. Rossiter, Alfred H. Smith,
John Carstensen, Chas.
F. Daly and Ira Piaoe;
Treas., E. L. Rossiter: Sec., Dwight
W. Pardee.
Directors (April 1910), W. K.
Vanderbilt,
W.
F.
Vanderbilt. C. M. Depew,
J. Pierpont Morgan, William
Rockefeller, William H, Newman, Marvin
Hughitt, Wm. C. Brown, Geo. F. Baker. George S.
Bowdoln, Jas. Stillman.
W. K. Vanderbilt Jr. and Lewis
Cass Ledyard.—(V. 91, p.
337, 655.)
NEW YORK CENTRAL LINES.—
The New York Central Lines
equipment trust
issue) mature $2,000,000 yearly to Nov. 1922. of 1907 ($30,000,000 total
In Mch. 1910 $30,000,000
4H% “equipment trust of 1910” was authorized.
They will oover engines,
passenger cars and freight cars to be used
by various lines of the system,
which Jointly and severally agree to
pay
prln.
ft
Int., the larger part being
for N. Y. C. and Lake
Sh.—(V. 90, p. 914, 977, 1677.)
NEW YORK CHICAGO ft ST. LOUIS
RR.—(See Map of New York Cen¬
tral A Hudson River.)—Owns from
Buffalo. N. Y., to Illinois State Line, ex¬
cept 8 m. leased bet. Dunkirk and Silver
Creek, leaving 494 m.; leases the
proprietary line, Chic, ft State Line RR., Ill. State
line to Grand
10 m.; also leases Dun Irk to Sliver
Crossing,
Creek, 8 m.; total. 512 m.; trackageln
Buffalo. N. Y., 1H at. and Gr. Cross’g, Chic.. Ill.
(Lake Sh. RR.), 9 m.
STOCK.—Lake Shore ft Michigan Southern owns
$6,240,000 common,
$6,275,000 2d preferred and $2,503,000 1st
After 5%
dividends on the $14,000,000 common stock, allpreferred stock.
classes of stock share alike.
DIV*S.—
'96. *97. *98. *99. *00. '01. '02 to 06.
*07. *08 *09.
1910.
Istpref
5
0
2
0
5
5
5 yearly
5
5
5 See text.
2d pref
2
3 yearly
5
,4
5 See text.
Common
:
None
Mch. 3
In 1910, on 1st and 2d pref.,
Mch.. 5% (annual); Sept., 2 H%; dlvs. here¬
after to be paid
—
--
....
semi-annually.
BONDS.—Amount sink, fund for first mtge. bonds
$100,000 (so long
the bonds could be bought at or below
102) decreased the amount out¬
standing from $20,000,000 to $19,155,000. See mtge.
abstract. V. 45, p.
541.
The $10,000,000 debenture 4s sold for
equipment, ftc.. will be secured
by any new mtge. Equip, trust 5s, $48,000;
4^s.
$40,000.
On Feb. 8
1910 made 4% 5-year equip, agreement
covering equipment costing $673,
268.
V. 90, p.772.
V. 82, p. 693; V. 86,
as
p. 1344, 1590; V. 88, p. 565,1062.
EARNINGS.—8 mos., (1910
Gross, $7,296,853; net, $2,239,404
Jan. 1 to Aug. 31.
11909
Gross,
6,381,603; net,
1,896,497
For 3 mos. ending Mch. 31 1910, net,
$960,390, agst. $528,125 In 1909;
other Income, $54,149; charges, $446,942;
bal., sur., $567,597.
REPORT.—Report for 1909 was in V. 90, p 972.
Principally a freight
line, freight in 1909 contributing $8,274,163 out of
$10,076,207.
Year ending Dec 31—
1909.
1908.
Inc. or Dec.
Railroad revenues
$10,076,206
$9,221,456
+$854,750
Operating income
$2,995,867 $2,390,837
+$605,030
Other income
260,040
92,662
+167,377
Gross corporate income—
$3,255,907 $2,483,499
+
$772,408
Interest on Donds
$1,175,286
$974,115
+ $201,171
Hire equip., other rents, ftc
377,141
521,475
—144,334
Div. on 1st and 2d pref. (5%)
800,000
800,000
Div. on common stock (3%)
420,000
+420,000
Balance, surplus
$483,479
$187,908
+$295,571
Pres.. Wm. H. Cannlff.—(V. 90, p. 237, 772, 972; V.
91, p. 154.)
NEW YORK CONNECTING RR.—V. 90, p. 503.
NEW YORK ft GREENWOOD LAKE RY.—(See
Map of Erie RR.) —
Owns from Jersey City, N. J., to Greenwood
Lake. 39 m.. and branches|to
Ringwood. ftc., 8 m.; Watchung Ry., Forest Hill to Orange, N.
J., 4 m.:
total owned, 51 m.
Stock, $100,000; par, $50.
Leased to Erie RR. for 999
years from May 1 1896.
Prior lien bonds are guaranteed, prin. and
int., by
Erie.
See V. 63, p. 513; form of guaranty, V.
65, p. 463.
NEW YORK ft HARLEM RR.—(See N. Y. Cent A
Hud. Riv. RR.)—
Owns N. Y. City to Chatham, N. Y., 136 m.
Also owns 4th Ave. St. RR.
LEASE.—The property (except the street
railroad) was leased April 1
1873 for 401 years to the N. Y. Cent, ft Hud. Riv.
RR. for Interest on bonds
and dividends at rate of 8% yearly, since Increased to
10% through refundlngof bonds, payable Jan. and July.
V. 70, p. 740.1049; V. 71,
V. 84, p. 159.
The street railway was leased In July 1896 to p. 29 1220;
Met Street
Ry. Co. for 999 yrs.; rental Is $400,000
yearly, eaual to 4% per an. on stock,
paid Apr and <5ct to Oct. 1908.
In Apr. and Oct. 1909 and
Apr. 1910 no
disbursements were made, special franchise taxes
assessed against the street
railway company amounting to over $800,000 being
unpaid,
but
settled In
greater part In June 1910; Oct. 1 1910, 1
H%, dividends at same rate to be
paid pending full adjustment of matter. V. 62, p.
1088; V. 88, p. 749;
V. 90, p. 560, 1614; V. 91, p. 717.—(V.
90, p. 560, 1614; V. 91, p.
717.)
NEW YORK LACKAWANNA ft
WESTERN RY.—Binghamton to Buf¬
falo and Internat. Bridge and branches,
214 m., of which the main line, 213
„
.
m., Is double track; D. L. ft W. has a lease for
duration of charter from Oct.
1882, giving a guaranty of the bonds and 5%
yearly on the stock. See form
of guaranty of terminal bonds In V. 67.
p. 1357; see also V. 68. p. 283.
OOT., lillO.]
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
Miles
Road
[For abbreviations, Ac., see notes on first page]
Y New Hav St H—(Concluded)—
Debentures convertible (see text)
c* Ar
Debentures not convertible
Debentures 145,000,000 francs ($29,000,000)
Debentures $39,029,600 gold conv (text)
c*Ar
N Y Prov A Boston gen M (now 1st) g assum—c Ar
Housatonlc con M ($3,000,000) g (assumed)--F c*
N Eng cons (now 1st) M $7,500,000 5s g gu_-Ma.c*
N Y A N E Boston Term 1st M $1,500,000. AB.cAr
New Haven A Derby consolidated mortgage.___c*
Providence A Springfield 1st M gold assumed
c*
Danbury A Norwalk cons M ($100,000 are 6s) —c*
Gen mtge Danbury, Conn, to Wilson Pt Ac —c*
First ref mtge (V 82, p 210) gold assumed--c* Ar
Harlem Rlv A Port 2d (now 1st) see text-.-F.c&r
--
Debentures
Boston A N Y Air Line new M $5,000,000(assumed)
N H A North. Northern Extension bonds
c*
Refunding mortgage $10,000,000 guar prln A[int.
Providence Term 1st M $7,500,000 g assumed.t
Consolidated Ry debentures
Boston RR Holding Co pref stock guaranteed_
Providence Sec Co deben $19,910,000 g gu p A l__*
New Eng Inv A S pf stk 4% cum $10,000,000 redl05
15-year funding gold notes guar prln A int
Springfield Ry 4% cum pref stk red 105 guar
Conn Ry A Ltg 1st A ref M $15,000,000 g s f_„Ta.c*
Roxbury Central Wharf first mortgage gold notes._
Bonds of electric roads merged ($5,308,000 are 5s)
Other bds of elec rds leased or contr(See “ElRySec”
Bonds of steamship, Ac, companies controlled
Bonds of Leading Proprietary, &c.. Lines
*
...
-
-
62i
90
353
13
28
36
36
36
12
12
61
...
...
28
Date
Bonds
1906
1906
1907
1908
1892
1887
1895
1889
1888
1892
1880
1883
1905
1881
1904
1904
1902
1905
1881
1906
1906
Par
Value
-
-
1907
100
1909
1901
100
3,387^950
12,491,378
See
See
1891
A
A
4
J
A
A
1,500,000
58,113,982 See
20,000,000
3,948,000
100
.
tv
Sept ’10 (Inclusive).
9
8 (2% quarterly).
BONDS.—Harlem River A Portchester Dlv. 4s of 1904 ($15,000,000
issued) are subject to 4s due 1911, but cash has been deposited to cover
principal and interest of latter to maturity.
July 1910
Mch.
Mch.
April
July
May
1’47
1’47
1*54
1’55
1’56
New Haven Savings Bk
Farmers’ L A Tr Co, N Y
Safe Dep A Tr Co, Boston
Coup, office; reg. mailed
New Haven, Conn
Lincoln Nat Bank, N Y
New Haven, Conn
do
do
do
do
Chemical Nat Bank, N Y
New York
New Haven, Conn
Treas, New Haven, Conn
Second Nat Bank. N H
Treas, New Haven, Conn
do
A
A
do
Second Nat Bank, N H
New York A New Haven
May 1 1957
1910
2%
Apr 1 1924
J July’10, 2%
J Jan 1 1951
Trust Co of Amer, N Y
s Sept 1 1912
Various
1,000
..214 Norw. & Worcester (which see)
72
Other lines
315
608 Track to N. Y.City,Ac.(V.88,p.53) 44
Second Nat Bank, N H
Lincoln Nat Bank, N Y
Paris, London, Ac
J July
Various
4
Places Where Interest and
Dividends are Payable
N
4 to 6
1,000 Ac
1,000
V. 85, p. 1143.
Under lease “assumed” debt of Old Colony RR., which see.
Outstanding Debentures Issued & Assumed by the Company as of
Outstanding. Maturity.
Convertible Debentures—
4% 1897
$5,o00.000
3*% 1906.. $30,000,000 Jan. 1’56 3.4% 1901... 5,000,000
6% 190$
39,929,000 Jan 15 ’48 $4% 1904...10.000,000
Non-con oertibte—
4% 1905
15,000,000
4% 1904
5.000,000 Feb. 1*14 4% 1906
15,000,000
M
J
)4,5 A 6
1892
1905
Total operated July 1910 (106 m. has four and 784 m. two tracks)
2,042
In April 1908 New England RR. was merged.
V. 86, n. 1043. 1225.
The Boston Railroad Holding Co. (which see), incorporated In Massa¬
chusetts In June 1909, on June 30 owned $15,357,100 of the $28,271,790
Boston A Maine common and $654,300 out of the $3,149,800 Boston &
Maine pref. stock outstanding.
The New Haven company has acquired all
the 31,065 shares of the Holding Co. and the $20,012,000 50-year 4%
debentures, due Nov. 1 1959, which are guar., prln. and int,, thus having
indirect oontrol of the B. A. M.
Pref. stock bearing 4% dlvs. and secured
by an equal amount of B. & M. stock may be Issued in place of the bonds.
V. 88. p. 1621; V. 89, p. 163, 839. 917, 994; V. 90, p. 1614; V. 91, p. 154.
In July 1910|was authorized to purchase the Berkshire RR., New Haven
A Northampton and Rhode Island & Massachusetts.
V. 91, p. 154.
In Oct. 1904 $29,160,000 of the $58,118,982 N. Y. Ont. A West. com.
stock was acquired at $45 per $100 share and $2,200 of the $4,000 pref.,
giving access to anthracite mines.
V. 79, p. 2086, 2642; V. 80, p. 1363.
Owns greater part of stock and Income bonds of Central New England
Ry.. which see; V. 84, p. 1488; V. 85, p. 160, 858; V. 89, p. 594; V. 90. p.
1238, 1295; V. 91, p. 153.
In Oct. 1906 acquired oontrol of Hartford A New York Trans. Co.,
which absorbed the (J. S. Transportation Co.
In March 1907 purchased
one-half of the stock of the Merchants' A Miners’ Transportation Co.,
which acquired the Boston A Philadelphia S. S. Co.
V. 83, p. 890; V. 84,
221, 271, 391, 571, 626, 749; V. 85. p. 858; V. 86, p. 721; V. 88, p. 1002;
90. p. 1242, 1494.
The Pennsylvania RR. owns $6,000,000 stock, having acquired $5,000,000 early In 1910.
V. 90, p. 1425.
ELECTRIC RAILWAYS.—May 31 1907 the Consolidated Ry., a conolldatlon of various controlled electric railways, chiefly In Connecticut,
aggregating about 770 m. of track, purchased the property of the New
England Navigation Co., owning the Fall River and other steamship lines;
Its oapltal stock, as then Increased from $10,000,000 to $30,000,000, was
exchanged by the N. Y. N. H. & H. RR., as owner thereof, for Its own
stook.
V. 84, p. 1052, 1114, 1242, 1308, 1424; V. 85, p. 859; V. 89, p. 594.
In Dec. 1906 Consol. Ry. leased Conn. Ry. A Ltg. Co., operating 193 miles.
(V. 83, p. 1525; V. 84, p. 508.)
The Connecticut properties are now
operated by the Oonneotlcat Co., whose $40,000,000 capital stock Is all
owned by the New Haven RR.
V. 91, p. 871.
Also Dec. 1906 aoqulred control of Rhode Isl. Sec. Co., controlling street
rys. (311 m.), of Providence and vicinltv, $19,898,000 Prov. Sec. 4% debs,
being guar., p. A1. V. 83. p. 1525; V. 84, p. 1114; V. 85, p. 858. See “Elec.
Ry. Section. - In July 1909 large block of United Trac. A Elec. Co. of Provi¬
dence stock (total outst. $8,000,000) was acquired on the basis of 8 shares
for 5 shares of New Haven stock.
V. 89, p. 105.
In May 1908 the Su¬
preme Judicial Court of Massachusetts declared Illegal the control of 6
trolley roads, which have been disposed of (V. 86, p. 1285, 1590; V. 88, p.
507, 625, 945, 1621; V. 89, p. 163); “the only Interest not eliminated is the
endorsement upon the shares of the Springfield Ry. Companies and the New
England Investment A Security Co.” See “Electric Railway" Section and
V, 89, p. 839; V. 91,0.941.
In June 1910 was authorized to acquire stock
In Berkshire (Mass.) Street Ry.
V. 90, p. 1554, 1614.
On June 30 1907 there were outstanding bonds of electric roads leased
or controlled, other than of Providence Securities and Conn. Ry. A Ltg. Co.,
shown In table above, aggregating $24,729,700, and bonds of steamshlD,
Ac., companies controlled aggregating $2,883,000.
No details since.
Owns practically all the stock of the N. Y. Westchester & Boston, under
oonstructlon between 177th St., N. Y. C., and Mt. Vernon, Ac., original
controlling interest being aoqulred for $11,762,483.
V. 85, p. 1143; V. 86,
p. 108, 169; V. 87, p. 415, 480, 870; V. 87, p. 1420, 1421; V. 88, p. 507, 625;
V. 89, p. 1597; V. 90, p. 237, 914; V. 91. p. 337.
STOCK.—Authorized Issue unlimited. Outstanding Oct. 1909, $100,000,000; held in treasury of New England Navigation Co., $21,878,100.
The stockholders on Oct. 27 1909 authorized the Issue of $50,000,000
new stock in order to provide for $20,000,000 maturing debt.
Including
$9,200,000 bonds and notes maturing between Jan. 9 and Oct. 1 1910, ana
additions and Improvements.
Stockholders and convertible debenture
holders subscribed for $44,643,800 of the new stock pro rata at 125, payable
equally Dec. 20 1909, June 30 and Dec. 20 1910 and June 20 1911, or in
full at any time; $34,741,219 received on account to June 30 1910.
V. 89,
p. 1142, 1223; Y. 90, p. 1045; V. 91, p. 941.
4
200,000
Pittsfield,
1895 to
text
text
1,000
NEW YORK NEW HAVEN A HARTFORD RR.—Covers Southern New
England and the only direct routes between New York and Boston.
Lines Owned in Fee—
Miles
Leased (part Owned)—
Miles.
Junction near N.
Y. City to
Old Colony RR. (which see)
619
Lines leased—
Springfield. Mass
122
Providence and Worcester
48
Boston, Mass., to Hopewell Jet.,
1894.
4 g
4
4H g J
1897
NEW YORK & LONG BRANCH RR.—Perth Amboy to Bay Head, N. J.,
DIVIDENDS.— I 1873-1893.
Percent
J 10 yearly.
Last Dividend
and Maturity
M
&
5 g
290,000
9,8n0,000 4, 4H. 5 Various
Var
Var
Var
38 miles.
Operated under an agreement made In 1888 for a period of 99
years with Penn. RR. and Cent. RR. of N. J., which jointly and severally
guarantee Interest and 7% on the $2,000,000 stock, all owned by Central
RR. of N. J.
Of the bonds $192,000 are 5s.—(V. 72, p. 438.)
Providence,
Litchfield, Ac
19,899,000
4,000,000
16,250,000
1,000
...
N. Y.
Lines to
45-year
When
Payable
See text
See text
1,000
—
10
Holyoke & W M $260,000 auth(V 87 p 544) gu.c*
Old Colony—See that company.
51
Providence A Worcester first mortgage currency
New York Ontario A western—Common stock...
Refunding (first) mtge $20,000,000 gold—Me.c*Ar Text
Gen mortgage $12,000,000 gold red 110 (see text).N
Rate
%
$100 Ac $30,000,000
A
J
J Jan 1 1956
3H
4
M
A
N May 1 1956
15,000,000
500 frsAc 27,985,000
4
A
A
O Apr 1 1922
100 Ac 39,029,900
6 g
J A J 15 Jan 15 1948
4 g
A
1,000
A
O Apr 1 1942
1,000,000
5 g
M
A
N Nov 11937
1,000
2,939.000
A
1,000 17,500,000 4 g A 5 g J
J July 1 1945
1,000
4
A
A
O Apr 1 1939
1,500,000
1,000
M
A
5
N May 1 1918
575,000
1,000
5 g
J
A
J July 1 1922
750,000
5
A
6
1,000
A
J
J July 1 1920
500,000
5
A
1,000
O Apr 11925
A
150,000
4 g
A
D Junel 1955
J
350,000
4
1,000
A
D Junel 1911
J
221,000
M
1,000 Ac 15.000,000
A
N May 1 1954
4 g
1,000 Ac
M
A
N May 1 1954
2,500,000 j 4 g
A
A
O Oct 1 1930
234,000
3)4
1.000
A
4
F
A
3.777.000
g
Aug 1 1955
A
1,000
5
A
O Apr 1 1911
700,000
4
J
A
D June 1 1956
2,400,000
M
A
1,000 Ac
4 g
S Mch 1 1956
4,000,000
100
-
Amount
Outstanding
93
1912 to 1951
1914 to 1932
1912 to 1934
O Apr
Treasurer, N Hav,
11911
A
O Oct 1 1947
4
A
text See text Aug 15 1910
4 g
A
M
s June 1 1992
A
4 g
J
D June 1 1955
Conn
R I Hosp A Tr Co. Prov
2% Checks mailed
Office, 56 Beaver St, N Y
do
~
do
Notes, Ac., Outstanding. Maturity. Cons.Ry.(seeV.84 p.1114) —
5%
$1,350,000 Jan. 9’11
4% 1904...$4.255 000 July 1’54
5%
300.000 Jan. 1’12
4% 1905... 2,309,000 Jan. 1 ’56
5 year 5%
6,400,000 Jan. 9’12
4% 1905... 1,340,000 April 1’65
4% 1906... 2,011,000 Jan. 1’56
European 4% 27.985,000 April 1’22
3-year 44%May 5’11
2.000.000
3-34-4% ’05
972,000 Feb. 1’30
St. Ry. Debentures, Ac., Assumed— Farm. St. Ry.
Hartf’d St. Ry.
5%
30,000 July 1’24
165,000 Jan 1’30
4% “M“
Stockholders of record Dec. 31 1905 subscribed at par, payable In Install¬
ments to April 1 1908, for $29,997,300 of 3 4 % coupon debenture certfs.
convertible at a par of $150 for $100 stock between Jan. 1 1911 and Jan. 1
1916, the proceeds to be used for Improvements authorized and contem¬
plated and the purchase of outstanding securities of controlled roads. V. 81,
p. 976, 1039, 1493; V. 84, p. 103, 694.
In Feb. 1907 145,000,000 francs ($29,000,000) 4% 15-year debentures
*lth a fixed rate In marks and £ were sold.
V. 84, p. 391, 450, 508, 804,
931.
Providence Terminal Co. bonds ($7,500,000 authorized), see V. 82.
p 929. 629, 693, 1213. 1323; V. 83, n. 96. 819.
Stockholders In Dec. 1907 subscribed pro rata for $38,765,400 6%
40-year debens. at par, convertible into stock after Jan. 15 1923 at par.
The debentures are to be secured by any mtge. hereafter created covering
the main lines between Woodlawn, N. Y. City, and Springfield, Mass., or
New Haven, Conn., and Providence, R. I.
V. 85, p. 1270,1339,1402,1647
.
...
EARNINGS.—2 mos.,J1910
Gross, $10,809,576; net, $4,148,791
July 1 to Aug. 31.
\1909
Gross, 10,197,988; net, 4,148,531
For 12 mos. ending June 30 1910, net, $22,004,453, against $18,267,325 in
1908-09; other inc., $10,298,835; chges., $21,506,412; bal., sur.,$10,796,876.
ANNUAL REPORT.—Report for 1909-10 In V. 91. p. 941.
Year ending June 30—
1909.
1910.
Miles operated
2,042
2,044
Passenger earnings
Freight earnings
2,047
$29,005,890 $26,323,469 $26,279,301
30,110,588
26,595,970
25,281,435
:
Miscellaneous
1,577,189
Gross earnings
1,308,470
\ 6,737,147
fl,212,089
13.862.151
$32,304,347 $27,719,435 $23,155,262
$10,677,459 $10,424,932
$7,556,045
bonds, Ac
Rentals of leased lines
Taxes
Other rents and guaranteed
Hire of equipment
498,674
J,214,307
4,593,489
J
Total net income
on
1,489,411
I,428,192
$60,693,668 $54,347,631 $53,050,147
$22,004,452 $18,267,324 $14,836,590
3,644,315
2,745,758
*2,254,278
Net earnings
Net earnings street railways
Net earnings steamship lines
Net outside operations
Other income
Interest
1908.
dividends
Dividends (8%)
Miscellaneous
5,133,717
3,983,377
1,702,430
9,759,081
10,490
4,581,182
3,338,306
1,784,299
628,861
7,783,262
3,956,294
3,446,126
1,978,281
460;430
7,883,842
23,143
Balance
•
sur.$l,037,793 df.$453,613df.$2,516,693
Earnings of Connecticut Co. from July 1 1909 to Feb. 28 1910.
OFFICERS.—Pres., Chas. S. Mellen, New Haven; Sec., Arthur E. Clark.
Treas., Augustus S. May, New Haven. Conn.^
Directors.—William Skinner, Holyoke, Mass.; Jas. S. Elton, Waterbury,
Conn.; Chas. S. Mellen, New Haven, Conn.; J. Plerpont Morgan, William
Rockefeller, Geo. F. Baker, George McC. Miller, Lewis Cass Ledyard,
Charles M. Pratt, New York; D. Newton Barney, Farmington, Conn.,
Amory A. Lawrence, Nathaniel Thayer and Alexander Cochrane, Boston;
R. W. Taft, Providence; C. F. Brooker, Ansonia, Conn.; I. De V. Warner,
Bridgeport; James McCrea, Philadelphia, Pa.: James S. Hemingway, Geo.
J. Brush, Fredk. F. Brewster, A. Heaton Robertson, New Haven; Edwin
Milner, Moosup, Conn.; Henry K. McHarg, Stamford, Conn.; John L.
Blllard, Meriden, Conn.—(V. 90, p. 503, 560, 698, 914, 1045, 1425, 1554,
1614; V. 91, p. 154, 337, 871, 941, 946, 1026.)
NEW YORK ONTARIO A WESTERN RY. -Operates from Weehawkea
opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Miles.
Road Controlled, Ac.—
M les
Oswego to Cornwall, N. Y
272 Pecksport, Conn, (leased)
Branch to New Berlin
22 Ontario
Carb. & S. (leased)
do
to Delhi
17
Cado9la, N. Y., to Scranton, Pa.
do
to Ellenville
8 Rome A Clinton (leased)
— *13
Utica Clinton A Bing (leased)—*31
Total owned
319 Wharton Valley (owned)
7
TracKage (tlU2070) W.Shore RR.:
Ellenville A Kingston (leased)-- 27
C’nwall to W’ken (V.61,p.425)
53 Port Jervis Mont. A Summltvllle
* See this
company.
(owned and leased)
38
546
Total operated July i 1910
the
Extension of Capouse branch from Scranton to a connection with
Lehigh Valley RR., 4.6 miles, was completed July 1 1910.
CONTROL.—In Oct. 1904 N. Y. N. H. A H. RR. acquired $29,160,000
com. stock at $45 per share and $2,200 of the $4,000 pref. V. 79. p. 2086,
2643; V. 80, p. 1363, 2458: V. 81, p. 1044.
STOCK.—Stock Is $58,117,982 (par, $100), of which $4,000 Is old pref.
_
-
DIVIDENDS.—Com., Jan. *05, 3%. July. 1)4%; *06 to *10.2% each.
BONDS, Ac.—Refunding mtge. for $20,000,000 covers 319 miles of road
owned, all the securities of the Ont. Carb. A Scran. Ry., 54 miles, and all
after-acquired property. V. 72, p. 87; V. 78. p. 2012; V. 80. p. 651.
The stockholders voted on Nov. 7 1904 to authorize a new mtge. for $12,000,000 to provide funds for capital requirements, under which $3,948,000
have been issued and the remainder will be reserved for future needs.
A
3% dividend (calling for about $1,740,000) was paid on the com. stock
in Jan. 1905, vesting in the shareholders directly the right to elect all the
directors.
V. 79, p. 977 to 980, 1332, 1462; V. 80. p. 872.
94
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
Wot abbreviations, Ac., see notes on first page]
Miles
M
Date
Bonds
Par
Value
128
1899
1900
1910
1905
31,000
1,000
1,000
1,000 Ac
...
....
Road
New York Ontario & Western—(Concluded)—
Gold notes secured by first mtge Scranton Coal Co._
do
gold sec by 1st M on E H C & I due s-a
c*
Equip notes due $36,000 s-a (V 90, p 977)
Ma
New York & Ottawa—First mortgage 82,500,000 g-G
New York PhUa & Norfolk—Stock, to be $3,750,000..
First mtge $3,000,000 g (V 68, p 773, 978)— -FP.c*
Income mtge g non-cum regls (V 68, p 978)
FP
New York & Putnam—N Y 6b North 1st M gold
c
N Y 6b Putcons $6,200,000
g guar p 6s I(end)-Un.c*
NY* Rockaway Beach—1st M $1,000,000 g gu.Ce.c*
Second mtge Income bonds non-cumulatlve
Ce.r
N Y Short Line—IstM81,500.000ggup 6bI._PeP.xc*
N Y Susq & West—Midland RR 1st M g ext ’lO.Ce.c*
Paterson Exten RR 1st M ext In 1910 at 5% s f g.c*
New York Susquehanna 6s Western first
mortgage-First mortgage refunding gold
Ce.c*
M
Second
($1,000,000 gold) 3d M on 72 m__Ce.c*
General mortgage for $3,000,000 gold
Ce.c*
Terminal first mtge for $2,000,000 gold
Us.c*6br
-
Allied companies—
Wilkes-B 6b E’n 1st M g gu p 6b 1 (V 60, p 481).G.c*
Passaic & New York first mtge (999 years rental)..
Macopln RR first mtge (branch to Macopln Lake)..
....
•
•
•
•
•
•
112
112^
57
57
12
12
9X
72
1
...
127
127
127
...
65
3
2
50
1899
1899
1887
1894
1887
1887
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1907
1880
500 Ac
1881
1,000
Amount
Rate
Outstanding
When
%
Payable
$150,000
2;075,000
684.000
1,456.000
See text
1,200,000
4,025.000
984,000
M
M
A
A
A
A
A
D
D
D
S
N
Junel
Dec 1
Dec 1
Mch 1
Nov 1
A
A
A
A Aug 1 1922
A Feb 1 1938
O Oct 1 1935
175,000
250,000
200,000
5 g
5
4 g
F
F
A
1.655,000
5 g
5 g
6
5 g
5
M
A N
A
J
J
A
A
O
A
J
J
seml-an.
500
1,000
1,000
500Ac
1,000
1,000
1,000
1,000
1,162,308
consolidated
mort
ala
exchangeable for generals
on payment of an assessm’t
Issue of Jan. 1898 and abstract. V.
57, p. 512.
a
Midland RR. 1st 6s were extended 30
from maturity
April 1 1910 at 5% and 8200,000 Paterson Ext. RR. years
due June 1 1910,4<
years at same rate.
(See V. 90, p. 373, 914.)
see
T£°..*?k5A0,009
EARNINGS.—2 mos., 11910
Gross, 8604,520; net, 8153,531
July 1 to Aug 31.
J1909
Gross, 485,742; net, 119,55;
REPORT.—For 1908-09, In V. 89. p. 1341.
Net.
Oth. Inc.
Charges.
Balance
*1.074,935 8130,938 81,016,119 sur. 8189,75
l908-°9
3.252.745
1,046.272
78,627
1.004,712
sur.120.18’
—(V. 89, p. 1069,1341; V. 90,
p. 373, 914, 1364; V. 91, p. 95, 1026.)
NIAGARA JUNCTION RY.—See page 165.
'
^
BELT LINE RR.—Owns Port Norfolk t<
nerkiey, va., 5.8 miles,and Southern
branch extension. 1.40 m.; operate*
J
J
J
70,000
44,000
291,000
450,000
1,000
NEW YORK & ROCKAWA Y BEACH RY.—Owns Glendale
Jet. to Rock
away Park, 10.67 m., with branch, 1.67
m.; total, 12.34 m.; double-track
Stpcx,
par, 8100. Leased 50 years from July 1 1904 by Loni
81,000.000:
Island RR. Co., whose endorsem’t Is
printed on first mtge. bonds. On Jan.
1909 8101,000 firsts were owned by L. I.
RR., together with 8967,000 o
the Incomes.
V. 83, p. 890.
Cal. year 1909, gross, 8971,125; net,
8325,
164; charges and taxes. 8207,337; bal., sur.,
8117,827.—(V. 83, p. 890.)
NEW YORK SHORT LINE RR.—Owns a cut-off for the
Reading Co
between Cheltenham and
Neshamlny Falls, 9 H miles, opened Mai
1906.
V. 79, p. 1038.
To be 4-tracked—2 tracks laid at present and oi
J1907.
miles 3The
tracks. Leased to Phlla. 6c Reading Ry. for 999 years from Feb. 1
8250,000 stock Is owned by Reading Co., which guarantees th<
bonds, principal and Interest.—(V. 84, p. 1552; V.
87, p. 1421.)
NEW YORK SUSQUEHANNA & WESTERN
Erie Map.)
RR.—(See
Owned (in fee) or entire stock. Miles.
Susq. Connecting RR
j
Jersey City to Gravel PI., Pa
101 Other branches
2a
(Double track 19 miles.)
Leased—Mid. Un. 6b Water Gap. V
Beaver Lake, N. J.. to UnlonvlUe 21
Trackage
j
Wllkesbarre 6b Eastern
65
Total road operated June 30 1909..
2S(
STOCK.—Pref. 813.000.000; com.. 813,000.000. of which the
Erie ownec
June 30 1909 812,657.872 com. and
812,936.572 pref., of which 86t630.00(
opm. and 86.630.000 pref. are deposited under Its Pennsylvania coll.
tr. M
Dividends on pref., Nov. 1891 to 1892, 2X%
yearly; none since.
?PN££•“"Ge,,*ra, 58 416 reserved to retire 2d 4 Xs. See abstract, V. 52
p. 34. The seconds are
£ PORTSMOUTH
Jan
Sept 1 1927
600
{age
81,000,000thewere
bonds,to ofretire
which
1,200,000
at maturity
first reserved
5s.—(V. for
82, Improvements;
p. 272.)
Terminal bonds,
O
D
J
J
A
A
N
3 g
6
5
6
6
ending June
the
A Feb
3,000.000
Balance, surplus
8150,470
8180,805
8358,282
Pres.. Thos.P. Fowler.—(V. 99, p. 977;*V. 91,rp. 39,
393/652. 871 .)m
NEW YORK & OTTAWA RY.—Tupper Lake, N.
Y.. to Ottawa, Can.,
128 m. Including Ottawa A N. Y., whose stock Is owned.
Successor to
the N. Y. A Ottawa RR., acquired by the N. Y. Cent. A
Hud. Rlv. RR.
at foreclosure sale on Dec. 22 1904, which leases the
road from Feb. 1 1905.
V. 79, p. 2796; V. 80, p. 223; V. 86, p. 286., Stock
81.250,000.
In June 1905 a mortgage for 82.500,000 was made. authorized,
V. 80, p. 2458; V. 81.
1909.
8157,881;86,net,
871; other
gross,
come, 8984;year
charges. 862.404;30
bal..
def..
861.349.—(V.
p. 286.)
NEW YORK PHILADELPHIA & NORFOLK RR.—In Jan. 1909 all
but
87,250 of the 82,500,000 stock had accepted the offer of the
Pennsylvania
RR. to buy the stock with 4% 40-yr. trust certfs.,
guar. prin. and lnt.
by Penna. RR. on basis of 83,000 certs, for 81,000 stock (V. 90, p. 977)
in 1910 increase In stock 82,500,000 to 83.750,000
was:auth. V. 90, p. 1102*
NEW YORK & PUTNAM RR.—Owns 155th St. and 8th
Ave., N. Y.
City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles;
double¬
track branch to Yonkers. 3 miles; operates 2
miles; total, 59 miles.
HISTORY.—Successor to the N. Y. 6s Northern, sold under foreclosur
of 2d mtge. Dec. 28 *93, and purchased for N. Y. Cent.
6b Hud. Rlv.RR.
which owns 86,500,000 stock and leases the road.—see
V. 63, p. 754, 820
1159; V. 81, p. 265. N. Y.
guarantees
A
A
A
A
A
A
A
A
1.000,000 Up to 5
4 g
1,500,000
O Oct 1 1927
O Oct 1 1993
s Sept 1 1927
1,000
Early in the calendar year 1899 the coal properties at Scranton
,Pa., of the
Lack. Iron A Steel Co. (the capacity of the collieries then open
being about
700.000 tons per annum) werepurchased by the Scranton Coal Co., aided
by loans from the N. Y. O. AW., the latter Issuing Its 82,500.000 5% notes
(reduced to 8150,000 Aug. 1 1910). extending over a period of years, se¬
cured by first mtge. on the coal property, and
loaning 81.475,000 (of which
8805,000 has been repaid) secured by a 2d mtge., the O. A W. obtaining con¬
tract for entire tonnage. V. 68, p. 41, 429; V. 69,
p. 604, 646; V. 81. p. 1792.
In Nov. 1900 eight Independent anthracite properties with a maximum
output of 2,000,000 tons annually were merged as the Elk Hill Coal A Iron
Co., the N. Y O. & W. Issuing Its 88,500,000 5% s. f. first lien gold notes
secured by the Coal A Iron Co.’s 1st mtge., these notes
maturing 875,000
each 6 mos., beginning June 1 *01, to June 1 *11. and thereafter
8200,000
semi-annually to Dec. I *15. The notes are secured pari passu with the bonds
Issued under the gen. mtge. of 1905. The Elk Hill Co. also made a 2d
mtge.
to the N. Y. O. A W. for 82.400,000 at 5%. V. 71.
p. 1270; V. 78. p. 501.
EARNINGS.—For 2 months ending Aug. 81;
2 Months—
Gross.
Net.
Bal., Surp.
Charges.
191#
81.912,872
8764,292
8233,113
8531,179
1909
1,718,423
627,599
193,930
433,669
REPORT.—For 1909-10 In V. 91, p. 652. Coal traffic In 1909-10,
3,443,180 tons (out of 5,680,781 tons), against 3,472,543 tons In 1908-09.
Year ending June 30—
1909-10.
1908-09.
1907-08.
Gross earnings
88,578,783 88,290,170 88.121,494
Net earnings over taxes
2,441,100
2,421,588
2,495,751
Total net Income, lncl. “other”
2,844,417
2,849,998
2,998,018
Interest on funded debt
957,920
960,420
958,531
Miscellaneous Interest and discount..
152,056
152,877
165,912
Rentals and hire of equipment
421,644
393,574
352,985
Dividends
Central
F
A
J
J
J
4X g F
3 g
F
M
Bg
4 g
5 g
1892
1885
1896
........
...
& 265. For
A
M
4 g
J
in’09 J
4 g
J
4
M
6 g
A
1,000
1,000
1,000
1,000 Ac
....
6 g
5 g
6 g
5 g
825,000
90.000
650.000
5,780,000
Places Where Interest and
Dividends are Payable
A Feb 1911
New York Trust Co, N Y
D Dec ’10-Dec ’15 Guaranty Trust Co, N Y
O To April 1 1920
J July 1 1955
Grand Cent Station. N Y
D May311910 6% Checks mailed
26 South 15th St. Phlla
J Jan 1 1939
N Jan 1 1939
Checks mailed (see text)
1887
1887
1890
1893
...
1,162,322
F
J
A
Last Dividend
and Maturity
LXXXXI
A
A
A
A
A
A
A
A
A
A
4X
12
2.600.000
1,000,000
...
1,162,328
3 g
5 g
3.375.000
200.000
5,000
3,745,000
447.000
2.552.000
2,000.000
N Y Susq A W Coal Co 1st M red at 110 sink fd-.c*
1887
N Y & Wilkes-Barre Coal Co first mortgage
1893
N
New York Texas & Mexico—See Galveston Harrisburg A San Anton lo
Newport & Cincinnati Bridge—See Louisville & Nash vlHe.
Niagara Junction Ry—First M 8650,000 gold-.Me.c* Text
1902
Norfolk & Portsmouth Belt Line—First mortgage-FP
6 1898
Ellz Rlv 1st M g gu p & 1 s f red 105 beg 1911 .GP.c*
4.6
1905
Norfolk A Carolina—See Atlantic Coast Line RR.
Norfolk Southern—Bonded Debt after Reorganization (V 87 P 614)
First mortgage
223
1891
Mp.c*
First general mortgage gold redeemable at 115—G
223 1904
Suffolk A Carolina first mortgage
1886
Suffolk A Carolina first cons mtge gold red 110
75
c*
1902
First and refunding mortgage $12,000,000
504
1910
(2%)
[VOL.
1 1957
Apr 1 1940
Junel 1950
Grand Cent Station, N Y
do
do
U S Mtge A Tr Co. N Y
Reading Terminal, PhU
Office, 50 Church St
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1 1911
1 1937
Feb 1 1937
Aug 1 1940
May 1 1943
May
July
Apr
July
1942
1910
1916
1912
1933
1 1941
1 1954
1 1911
1 1952
1960
do
V 75,p 1043;V
84,p 342
Mercantile Trust Co. N Y
Fidelity Trust Co. Phlla
Girard Trust Co. Phlla
Metropol. Tr Co, N Y
Guaranty Trust Co, N Y
J S Glttlngs A Co, Bal to
International Tr Co, Balt
New York
under lease 1.85 miles.
In Nov. 1909 acquired entire stock of Elizabeth
River RR.. 4.61 miles, whose bonds are
guaranteed.
V. 90, p. 1044.
Stock, 850,400. all owned by Atlantic Coast Line, Norf. 6b West., Ches. 6b
Ohio, N. Y. Phlla. 6c Norfolk, Seaboard Air Line and Norfolk 6b Southern.
8100 shares.
Bonds, see table. Calendar year 1909 (9 months),
gross,
$166,206; net, 866,018; other Income, 810,320; Interest on bonds,
812,500;
taxes, Ac., 83,300; balance, surplus, $60,538.
NORFOLK SOUTHERN RR .—Mileage, Ac.—Operates 602.29 miles,
extending from Norfolk. Va., to Raleigh, Goldsboro and Beaufort, N. O.,
with branches.
Of this total the company owns 504.12 miles and leases 95
miles (from Goldsboro to Morehead City), and has
trackage rights on 3.17
miles; 45.93 miles Is equipped electrically.
At Norfolk the company has
connection with steamship lines which
furnlshpractlcaUy a dally service to
Washington, Boston, Richmond, Baltimore, Philadelphia and New York.
Trains are operated over the Albemarle Sound trestle,
giving rail connection
to all the company’s lines.
Owns entire capital stock and bonds of John L.
Roper Lumber Co., owning over 600,000 acres of timber lands and 200,000
acres of timber rights.
V. 87, p. 1415. In Nov. 1909 the John L. Roper
Lumber Co. purchased the Kingston 6c Carolina RR. 6c Lumber
Co., ownmg
line from Kingston to Pink Hill, N. C., 25 miles.
ORGANIZATION.—Successor May 5 1910 to N. 6c S. Railway, foreclosed
Dec. 7 1909, per plan V. 87, p. 614, 678.
In April 1910 an option or sale had been
arranged of the $5,780,000 bonds
of the new company to meet the cash requirements of the
plan (see below),
the U. S. Supreme Court having refused to grant an
appeal from the order
confirming the sale to the reorganization committee, but In Oct. 1910 the
sale of the bonds was delayed by a new
attempt to annul the sale of the
road.
V. 90, p. 1554.
STOCK AND BONDS.—Under plan In V. 87, p. 614,
678, the new so.
authorized $16,000,000 stock and $12,000,000 “first and
refunding” mtge.
5% bonds. The new bonds will be secured by a first mortgage on 233 miles,
and, subject to underlying Issues aggregating $3,220,000, on 271 additional
miles, and also by a first lien on practically the entire rolling stock and
equipment; also by a first Hen on the entire stock ($6,000,000) and first
mortgage bonds (85,000,000) of the John L.
Lumber Co., owning 10
planing, saw and shingle and cedar mills, Roper
with an annual capacity of
150,000,000 ft.,board measure; and about 150 miles of standard-gauge
logging road, 300 logging cars, 25 locomotives, 6cc. The value of the
Roper
Lumber property was estimated by court officials at
$12,785,000. Sinking
fund of new first 5s, beginning 1913, to be at least 8100.000.
Of the new
first 58, $5,780,000 were to be sold to provide the cash
requirements of the
new company. Including the payment of two Issues of
receivers’ certificates,
aggregatmg$1,442,865, collateral trust 6% notes of 1907 (82.750,000 auth.
Issue), 6sc.; $3,220,000 are reserved to retire underlying bonds, and the
remaining $3,000,000 for future requirements. The total mortgage debt
at any time outstanding, Including
underlying Hens, not to exceed $20,000
per mile.
EARNINGS.—For year ending June 30 1910, gross, 82,690,471; met
RR. after taxes, $941,025; Lumber Co. net,
$235,707; total net, $1,176,732;
lnt. and rentals on completion of reorganization, $525,000; bal., sur.,
$651,732.
In 1908-09, gross, $2,417,321; net RR. earns., 8752,789; Lum¬
ber Co. net, 8120,526.
In cal. year 1908, gross, 82,182,972; 1997,
81,924,265.
OFFICERS.—Pres., E. T. Lamb, Norfolk; Sec., Morris S. Hawkins, Nor¬
folk; Asst. Sec., N. W. Runnlon, 30 Pine St., N. Y.; Treas., Matthias Manly,
Norfolk; General Counsel, Chadbourne A Shores, 30 Pine St., N. Y. Gen¬
eral office, Norfolk, Va.
N. Y. office, 30 Pine St.—(V. 91, p. 1028.)
NORFOLK & WES1ERN RY.—See Map.—System extends from Nor¬
folk. Va.. westward to Columbus, Ohio, and northward to Hagerstown,
Md.,wlth branches to the various coal fields In Virginia and West Virginia.
Road
owned.
Miles.
Norfolk, Va., to Columbus, O— 704 Roanoke to Winston
Radford, Va., to Bristol, Tenn_„ 111 Sundry branches
Roanoke, Va., to Hagerstown.. 238 Columbus terminal
Graham to Norton
Nor. Car. Junction to Fries
100
Lynchburg
115
to Durham, N. C
Portsmouth Jet.
and Ivory dale
to
Cincinnati
44
Trackage
Miles.
121
370
.......
4
38
Total owned June 30 1910...1,951
106 Double track..
349
ORGANIZATION.—Successor In 1896 of Norfolk 6b Western RR., As.,
foreclosed per plan In V. 62, p. 641.
In March 1910 Penn. RR. and sub¬
sidiary companies, It Is understood, owned about 51% of the stock, the
sold
1906
holdings
In
($16,000,000) having been re-purchased In 1909
and also additional amounts acquired.
V. 83, p. 502; V. 88, p. 1062.
Branches buUdlng June 30 1910.
V. 91, p. 723.
In July 1909 the Norfolk 6b Western and Atlantio Coast Line agreed to
build jointly the Winston-Salem Southbound RR.. extending from WinstonSalem, N. C., to Wadesboro, 88 miles, to be completed In Nov. 1919,
the two proprietary companies jointly to guarantee an Issue of 1st M. 50year gold 4s.
V. 89, p. 161, 598; V. 90, p. 238.
STOCK.—Provisions of pref. stock were In Issue of April 1897, page 4;
said stock being 4% non-cum. with preference as to assets.
In Dec. 1909
sold $1,530,800 com. stock.
V. 89, p. 1597.
In Oct. 1910 the auth. steak
was Increased from $100,000,000 to $150,000,000, to be sold or held hi
reserve for convertible bonds as required.
No stock or bonds to he
sold at present.
V. 91, p. 463.
DIVS.—
’99.
’00.
I
’01. ’02. '03. ’04. ’05. ’06. ’07. *08. ’09. 1910.
Preferred ._% 11899 to Feb. 1910, lnd., 4% y'ly (2% seml-an). See below.
Common
%J
2
2X
3
3
3X 4X
5
4
4XToSep.3«
Dividends begin In 1910 to be quar. Instead of seml-annuaUy.
On pref.,
Feb. 1910, 2% (s.-a.); May, Aug. and Nov., 1% each (quar.).
BONDS.—The first consolidated mtge.of 1896 Is limited to $62,500,000,
the balance unissued being reserved to retire the
underlying bonds. V. 73,
p. 502; V. 74, p. 151; V. 75, p. 505; V. 77,
p. 1785; V. 78, p. 229. They
are a 1st mtge. on about 898 miles of railroad;
upon Important terminals at
Norfolk and Lamberts Point; upon the
OhloJRiver Bridge and the Roanoke
Machine Works' also a consol, mtge. uponf776 miles .^subject to them__
__
BONDS.
BSAATILONWCDKY
19 0.]
Oct.,
96
RAILWAY STOCKS AND BONDS.
>
RAILROAD COMPANIES
IFor abbreviations, Ac.,
see notes on
Miles
Road
first page]
Date
Bonds
Par
Value
Norfolk & Western Ry—Com stock $150,000,000—G
Adjustment preferred 4% non-cum $23,000,000.-0
N A W gen (now 1st) M Norfolk to Brls Ac g-FP.c*
New River Division first mortgage gold
FP.c*
Improvement A extension mortgage gold-.FPc*
Scioto Valley A New Eng 1st M assum gold-.Ce.c*
N A W first consol mtge $62,500,000 gold.Me.c* Ar*
Dlv 1st lien A gen M (text) g red 105 begin 1929..G
Pocah Joint M $20,000,000 g call 105 s f-_GP.c*Ar
Col Con A Term 1st M gold guar p A 1 (end)-Mp.c*
Convertible bonds $34,000,000 gold red text
G
New convertible bonds $50,000,000 authorized
Winston-Salem Southbound 1st M gold, gupAi Us
Equip trusts gold last installment
FP.c*
do
Series A gold due $100,000 yearly
FP
do
Series B gold due $100,000 yearly
FP
do
Series C gold guar p A 1 due $200,000 yrly
do
Series D gold due $100,000 yearly
Series E gold due $100,000 yearly
do
do
Series F to K g gu $100,000 each ser yrly.
do
Series L to O $100,000 each series
yearly.
Norristown & Main L Con—1st M g gu p A 1 (end)
GP
North Carolina—Stock 7% paid from rental
North Penn—Stock 8% gu "990 years $6,000,000 auth
-
1882
1883
1889
1896
1904
1901
1892
1907
588
129
1,674
1,894
....
4
.
•
•
90
•
•
•
...
...
...
...
...
223
86
56
86
Consol general mortgage of 1874 gold Series E
c
Second gen M Series “A” A “B” (A $2,565,000) .FP
.
1,000
500
1,000 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
100
50
....
1866
1873
1898
1890
1896
.
144
144
144
500 Ac
1,000 Ac
....
26
112
83
.
1,000
1,000
1,000
1,000
1910
1902
1903
1903
1905
1905
1905
1906
’06-’07
1902
_
Northern Central—Stock ($20,000,000 authorized)
First mortgage State of Maryland loan (V 74, pll97)
100
100
...
1881
428
197
.
Old second M (now 1st) (7s extended In 1896)
c
General mortgage extended in gold In 1803-.FP.cAr
Punning loan hnnris $409,000
North East Penn—1st M gold gu P A R (end)-GuP.c*
Northern (Ala)—First M ($350,000 are prior lien). K.c
Northern (N H)—Stock 6% rental..
Northern California Ry.—See Southern Pacific RR —
.
...
Amount
Outstanding
500 Ac
1,000
1,000
100
....
50
*
When
Payable
$68,904,000 See text
0— M
22 991,700 See text
Q— F
7.283.000
3 g
M A
N
2.000,000
6 g
A
A
O
5,000,000
F
A
A
6g
5,000.000
4 g
M A
N
40.400,500
23
000.000
19.070,000
600,000
22,665.000
See text
See text
500.000
400,000
400,000
1.000,000
500,000
600.000
3.000.000
2.800.000
250,000
4.000,000
5,405,550
1,500,000
4
4
4
5
4
g
g
g
g
g
A
J
J
J
J
A
A
A
A
A
4
4
4
4
4
4
4
4
4
4
7
8
4
g
g
g
g
g
g
g
g
g
g
J
M
J
A
A
A
A
A
A
A
A
A
'
Q— F
1,000
1,000
S
A
Sept 1 1911
Jan 1 1911-13
Mch 1 1911-13
Apr 1 1911-15
Nov 1 1911-15
Dec-1 1910-15
To Aug 1916
To June 11917
Sept 1 1952
Aug 1 1910 3H
Aug 25 1910 2%
May 1 1936
Jan 1 1953
Nov 1 1928
M
A N
3.3 g J
A
J
407,000
4
M
A
N
400,000
3 g
A
A
O Apr 1 1920
1.650,000
5
J
A
J July 1 1928
3.068,400 See text
Oct 1 1910 1H
Q—J
See text
1.500.000
1.757.000
3.565.000
8 in 1910 J
6
g A
5
J
A
5— J
A
A
lxxxxi.
Places Where Interest and
Dividends are Payable
Sept 16 »10 1 H Office. Philadelphia
Nov 18 *10 1%
do
do
Mercantile Trust Co, N Y
May 1 1931
do
Apr 1 1932
do
J 50 years
Various
M
F
Last Dividend
and Maturity
Feb 1 1934
Nov 1 1989
O Oct 1 1996
J July 1 1944
D Dec 1 1941
J Jan 1 1922
D June 1 1932
S
J
M
S
A
o
M
N
J
D
Various
4,500,000
—
1855
1885
6-’82
Rate
%
[Vol.
do
do
do
do
do
do
do
do
do
do
Metropolitan Tr Co, N Y
Mercantile Trust Co, N Y
United States Tr Co, NY
Fidelity Trust Co, Phlla
do
do
do
do
Commercial Tr Co, Phlla
do
do
do
do
do
do
do
do
Reading Terminal, Phlla
Burlington, N C
Office. 240 S 3d St. Phlla
do
do
do
do
Rftftfitng Terminal Phlla
Reading Terminal, Phlla
J P Morgan A Co, N Y
1023 Old So Bldg, Boston
J July 15 ’10 4% Treasurer’s Office, Balto
Irredeemable
Annapolis
O Apr 1 1925
Treasurer’s Office, Balto
J Jan 1 1926
do
do
NORFOLK & WESTERN RY. (Concluded).—
NORTH PENNSYLVANIA RR.—Owns from Philadelphia, Pa., to Beth¬
liens.
lehem, Pa., 55.60 m.; Delaware River branch, 20.60 m.; Doylestown branch
They were further secured by the equipment.
See
abstract. V. 64, p. 376; V. 72, p. 137, 438, 532, 723, 1080; V. 75. p. 505:
10.30m.; total, 86.50 m.
Leased for 990 years from May 1 1879 to Phlla.
& Reading RR. at 8% on
V. 79, p. 213; V. 81, p. 212.
stock, and lease assumed In 1896 by Phlla. A
The N. A W.-Pocahontas Joint bonus are secured
Reading Ry. Current liabilities June 30 1909, $375,235.—(V. 81, p. 668.)
by about 295,000 acres
of coal lands owned and held
by the Pocahontas Coal & Coke Co., whose
NORTH-EAST PENNSYLVANIA RR.—Owns road from Glenslde to
stock Is owned, of which about 60,000 acres have
New Hope, Pa., 26 miles.
.been leased to companies
Controlled by Reading Co.
Capital stock
whose stock Is all owned by the U. S. Steel
Corp. and 39,797 to other con¬
$400,000, of which $318,950 owned by Reading Co.; par, $50
cerns, the royalties under such leases alone being shortly
expected to be suf¬
NORTHERN ALABAMA RY.—Sheffield to Parrish, Ala., and branches.
ficient to almost meet the fixed charges.
They are subject to call at 105
112.50 miles.
In April 1899 a majority of stock and bonds purchased
since 1906 for a sinking fund of 2H cents
by
per ton mined.
V. 73, p. 845,
the
Southern Ry. V. 68, p. 824, 873.
See also V. 69, p. 391.
902; V. 74. p. 41, 380, 1197; V. 75, p. 502. These bonds are the Joint and
Stock Is $2,000,000.
Under supp. mtge. of 1898 $400,000 of the out¬
several obligations of the Railway Co. and of the Coal & Coke
Co., but as standing $1,700,000 1st 5s were made
between the two companies the debt Is to be
prior liens.
V. 67, p. 1208.
In year
paid by the latter company.
ending June 30 1910, gross, $554,366; oper. Income, $142,495; lnt. on bonds,
Divisional 1st lien and gen. mtge. 4s of 1904 (635,000,000) authorized for
$82,500;
rentals,
Ac.,
$40,941;
bal..
sur..
$19,054.—(V.
69,
p.
28.)
future capital requirements are a 1st lien on extensions and
branches not
NORTHERN (N. H.) RR.—Owns Concord. N. H.. to White River Jet.,
oovered by the 1st consol, mtge.
aggregating 220 miles, and upon such ex¬
Vt., 70 m.; branch to Bristol, N. H., 13 m.; total 83 miles.
tensions and branches as may be acquired from the
Subsidiary lines,
new
proceeds
of
the
Conoord & Claremont RR., 71 m.; Peterborough & Hillsborough RR., 19 m.
bonds and also a lien subject thereto
upon the properties covered thereby.
Lease to Boston A Lowell for 99 years from Jan. 1 1890 was
Of the bonds $23,000,000 have been sold for
assigned to
Improvements and new equip¬
Bos. A Me.; rental was 5 % on stock till July 1 1897, and now 6 %.
ment.
V. 78. p. 1549; V. 79, p. 501, 628, 973,
payable In
1642, 1704, 2148; V. 80.
gold.
Until
July 1897 1% extra was paid regularly from contingent fund
p. 1175; V. 82. p. 510; V. 83. p. 1471; V. 88,
p. 231, 453.
The equip, trusts
In
Also
1894,
Jan., 5% extra was paid; In 1896. July 2% extra; In 1897, 5%
(series L to O, $700,000 each) sold In 1909 mature $100,000
per series yearly
extra; In July 1904, J4% extra.—(V 65, p. 463; V. 78, p. 2385.)
beginning Dec. 1 1910, and March, April and June 1911. V. 89, p. 919.
In April 1908 $7,500,000 2-year notes were
NORTHERN CENTRAL RY.—Owns Baltimore, Md., to Sunbury, Pa.,
sold, secured by deposit of
$10,000,000 first lien and general 4s, of which $3,147,000 re-purchased to 136 m.; all double track—branch, 9 m.; leases—Shamok n Valley & Pottsv.
Dec. 1 1909 and remainder paid May 1 1910.
RR.,
38m.; Elmira & Williamsport RR., 73 m.; operates at cost—Elmira
V. 86, p. 1043,1101.
The stockholders Oct. 11 1906 authorized an Issue of
& Lake Ontario RR., 100 m.; Lykens Vail. RR.,
19 m.; York Hanover A
$34,000,000 con¬
vertible bonds.
Frederick RR., 56 m.; York branch Penn. RR., York, Pa., to
V. 83, p. 380, 435, 575.
To provide for double-tracking
Columbia,
and new equipment $14,576,000 were sold
13 m.; other, 4 m.; total, 448 miles. Uses other tracks, 20 m.
and
early In 1907
In 1910
V.78,p. 773.
993,000 were subscribed for by stockholders or sold. These bonds$10,are
ORGANIZATION.—A
consolidation of several roads In 1854.
Con¬
convertible Into common stock, $ for $, prior to June 1
1917, and thereafter
trolled by the Penn. RR., which owns a majority of the stock
subject to call at 105 and Interest. To Oot. 1910 $2,904,000 bonds had
The directors are to vote Nov. 2 1910 on
leasing road to Pennsylvania
been converted.
V. 83, p. 1412,1471; V. 84, p. 1248; V. 85, p. 469; V. 86,
RR. for 999 years, the holders of the $19,342,550 stock to receive a stock
p. 109, 286; V. 90, p. 772, 1425.
dividend of 40%, also 10% In cash from treasury assets and a
The stockholders on Oct. 18 1910 authorized an
guaranty of
Issue of $50,000,000
8% on all the stock during the lease.
V. 91, p. 154, 337, 464, 871, 1026.
convertible bonds, to be used for future
requirements, none to be sold at
SECURITIES
OWNED.—On
Jan.
1
1910
present.
V. 91, p. 463.
among the assets held were
% " y T* TVTfT?fr*y
Elmira & Lake Ont. stock (all), $1,500,000; Sham. Val. A Pottsv. stock.
GENERAL FINANCES.—Of the traffic In 1909-10 66% (14,955,530
$619,650:
Union
RR. stock. $1,225,000 (the bal. of $875,000 being held by
tons) was bituminous coal and coke: average rate
Phlla. Wtlm. A Bal to.). Ac.
per ton per mile, 0.447
Also the following, mostly acquired In 1900;
cents; train-load. 635 tons. In Dec. 1909 dividend rate was
Increased to 5%.
Balt. A Ohio pref. stock, $1,000,000 and oom., $1,048,700; Norf. A West,
In 1910 $10,993,000 convertible 4s were subscribed
for by stockholders at
pref. $500,000, and com., $1,000,000; Erie A W. Transp.Co.stock, $500,000.
par or sold.
See BONDS above.
STOCK.—Penn. RR. on Jan. 1 1910 owned $10,577,200 stock.
EARNINGS.—For 2 months ending Aug. 31:
DIVS. 1888 ’89 ’90 *91 *92 '93
2 Months—
1894 to 1900
1901 to July 1910
Gross.
Net.
Int.,Taxes,Ac. Bal.,Sun
Percent.
7
7 yearly
8
8
7
8
9
1910
*8 yeariv (JAJ)
$6,070,198 $2,189,230 $1,006,487 $1,182,743
•Also Jan. 1907 12H% paid in stock ($2,149,169).
V.
83, p. 471.
6,474,307
2,261,218
926,587
1,334,631
EARNINGS—8 mos.,/1910
REPORT.—Report for 1909-10 In V. 91, p. 712, 722 (see edit., p. 685):
Gross, $8,289,045; net, $1,480,492
Jan. 1 to Aug. 31.. \1909
Year ending June SO—
1909-10.
1908-09.
Gross, 7,735,145; net,
1907-08.
1,442,592
Miles June 30.
1,951
1,941
ANNUAL REPORT.—Fiscal year ends Dec. 31.
1,920
President’s report for
Passenger earnings.
$3,924,890
$3,642,837 $3,977,482
1909, given at length In V. 90, p. 556, 565, showed the following:
Freight earnings...
30,037,796
24,710,591
Year ending Dec. 31—
23,990,630
1909.
1908.
1907.
1906.
Mall, express. Ac
1,101,184
973,673
Miles of road.
467
468
994,105
460
462
Gross
earnings
$12,264,770 $11,264,986 $13,237,498 $11,632,633
Total gross earnings
..$35,063,870 $29,327,101 $28,962,217
Net earns, (over taxes).
2,326,433
2,228,920
2,358,865' 2,385,341
Operating expenses
21,046,759
17,729,756
Other receipts
18,764,714
1,374,677
1,247,049
1,247,425
1,151.602
Total net earnings..
$14,017,111 $11,597,345 $10,197,503
Total net income
$3,701,110 $3,475,969
$3,606,290 $3,536,943
Total net income...
$15,163,317 $12,578,458 $11,118,467
Rentals, Ac
$456,408
$482,573
$408,759
$436,516
Interest on bonds, Ac.
4,781,240
4,743,233
Interest on debt, Ac
4,290,180
354,668
354,682
519,440
384,639
Taxes
1,118,964
1,008,800
1,020,800
Dividends,
8%
J.~
1,547,400
1,547,400
1,547,214
.1,375.468
Def. in lnt. P. C. A C. bonds.
138,000
150,000
Miscellaneous
346,419
192,000
338,497
110,280
10,226
Dlvs. on pref. (4%)
919,668
919,668
919,656
Extraordinary
800,000
600,000
500,000
1,100,582
Dividends on common
(5)3,294,843
disturbed
,
^
...
.
.
Rents
Betterments
Advances to subsld.
Ac.
cos.,
Balance, surplus
122,238
3,573,598
97,710
$1,117,056
(4)2,578,768(4)4)2901114
152,817
1,730,580
8,175
87,371
1,360,000
.
NORTH COAST RR.—Projected to extend from Spokane,
Wash., west
via Tacoma to Seattle, about 378
miles, with a southern extension from
Portland Jet. to Portland. Ore.. 85 miles: Kiona
east to Walla Walla. Wash.,
north to
Davenport, 129 m.: total, 592 miles, with various branches, making
an aggregate of some 700
miles.
Surmised to be the Pacific division of
??nae trans-continental system. In Oct. 1909 about 100 miles graded. See
Y-88*Pv* 0O* P 698. Stock auth., $500,000: par, $100.
.
.
•
of San Pedro Los Angeles A Salt Lake RR. Is said to be
interested.
Pres., Robert E. Strahorn, Spokane, Wash.—(V.
89, p. 994;
V* VJU* p. 69o.)
8\W A. Clark
$229,510
NORTHERN NEW BRUNSWICK & SEABOARD RY.—Extends from
$1,286,417
$347,346
OFFICERS.—Pres., L. E. Johnson; Chairman of Board .Henry Fink. 27
William St., N. Y.; V.-P., Wm. G. Macdowell;
Sec., E. H. Alden: Treas..
Jos. B. Laoy Ceneral office. Roanoke,Va.,
Philadelphia office, Arcade Bldg.
!_ Directors.—Henry Fink, Victor Morawetz, New York; L. E. Johnson,
Roanoke, Va.; Samuel Rea, W. G. Macdowell, Joseph I. Doran, John P
Green and J. B. Thayer, Philadelphia; Joseph
Wood, Henry C. Frick. Pitts¬
burgh; Walter H. Taylor, Norfolk, Va.—(V. 91, p. 655, 7i2, 722,
1026.) $
“TORRISTOWN & MAIN LINE CONNECTING RR .—Owns double-track
road .65 mile long .incl. bridge over Schuyklll River at
Norristown, Pa.
Leased to Phlla. A Read. Ry. at 4% on stock and lnt. on
bonds.
Reading
Co. owns the $50,000 stock and guarantees the
bonds.—V. 75, p. 1148.)
NORTH CAROLINA RR.—Owns from Goldsboro to Charlotte, N.
C.,
221.65 m.; Carolelgh Jet
N. C., to Carolelgh Mills, 1.90 m.; total. 223.55
miles.
Leased from Jan. 1 1896 to the Southern
Ry. for 99 years at
a86A.,V‘,?®;.?; ^91:
Balance, surplus
$196,215
$152,817
$527,597
—(V. 90, p. 585. 914, 1677; V. 91, p. 154, 337, 464, 871, 1026.)
•
iron mines of Canada Iron
Corporation, Ltd., near Bathurst, New Bruns¬
wick, Canada, to Nlplslqult June., on the Intercolonial.
Total mileage
proposed, 26 miles.
Bonds auth., $390,000 at $15,000 per mile, guar, by
Province of New Brunswick and Canada Iron Corporation.—(V. 90, p. 1491)
NORTHERN RR. OF NEW JERSEY.—Owns from Bergen. N. J.. to
Sparklll, N. Y., 21 m.; leases Sparklll to Nyack, 5 m.
Leased to the Erie
RR. from June 1 1899 for the term of Its corporate existence, for Interest
on bonds, 4% on $1,000,000 stock, payable quarterly, taxes, and all cor¬
porate expenses.
Of the $1,000,000 new 4J*% gen. mtge. bonds, guaran¬
teed by the Erie, $654,000 are reserved to retire tne 6s due July 1 1917 and
the remainder for Improvements and betterments or equlpm’t for operation
by electricity of the leased properties.
See V. 69, p. 81.—(V. 71, p. $0.)
NORTHERN RY. COSTA RICA.—See V. 71. p. 1067. and United Fruit
Co.; V. 78, p. 288; V. 80, p. 223; V. 81, p. 614; V. 89, p. 470; V. 91. p. 464.)
NORTHERN OHIO RAILWAY.—(See Map Lake Erie A Western.) —
Owns Akron to Delphos, O., 165 miles; branches, 2 miles.
Leased In per¬
petuity to L. E. A W.. which guarantees the bonds.
V. 62, p. 826.
STOCK.—Common stock (all owned by L. E. A W.). $3,080,000; pre¬
ferred non-cumulatlve 5% stock, $650,000; par of each. $100.
BONDS.—The first mortgage Is for $4,000,000; of which $1,500,000 un¬
issued are limited to $15,000 per mile of completed road hereafter con¬
structed or purchased.
Operated as part of L. E. A W. V. 66, p. 337.
NORTHERN PACIFIC RAILWAY.—(See Mops.)— Operates
one
of the
leading lines to the Pacific, having its eastern terminal at St. Paul, Minn.,*
and Duluth, Wls. (the head of Lake navigation), and running thence west¬
erly. traversing the great wheat belt of Minnesota and North Dakota, tha
mining district of Montana and the farming country of Washington to
Tacoma and Seattle, and to Portland, Ore., with branches.
Oct.
RAILWAY STOCKS AND BONDS
1910.]
Miles
Road
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Nort’n New Brunsw& Seab—1st M g gu $390,000 auth
Northern of New Jersey—Stock guar (see V 69, p 81).
Thlrd mortgage (now first) Interest guaranteed- --c
Gen mtge $1,000,000 gold lnt guar by lease.-Usm.c*
8 orthern
orthern Ohio—1st
M g ($15,000
p m) gu pauthorized& l-.Ce.c*
Pacific Ry—Stock
$250,000,000
St Paul & N P
Date
Bonds
16.9
-
•
-
21
___
167
registered
r*
Paul A Duluth Div Mortgage
mortgage assumed
c*
Second mortgage assumed
Ce c*
Ce.c*
Taylor’s F & L Sup 1st M s f not drawn
Duluth S L 1st M p ds 1 sink fd not drawn..Ce.c*
Consol mtge assumed $5,000,000 gold
Mp.c*
do
do
Bonds Underlying St
St Paul A Duluth first
gold redPacific
F.c*
Sorthern
Pac Term(Cal)—See
Co—First MSouthern
at 110..
orthern Railway
RR.
Borthern
Securities—Stock
$3.954,000—---------orthwestern
Coal Ry—First
M guar (end) gold-F.c*
Northwestern Pacific—Stock ($35,000,000)
F
Cal Northw 1st M g guar by St F A Nor Pac sink fdSan Francisco A Nor Pacific 1st M gold s f-Me.c* At
226
—
—
—
167
167
21
25
238
—
k icu
uu an
iv
—
—
1896
1896
1900
1901
1901
1881
1887
1884
1886
1898
1883
When
%
Payable
100
100 8sc
1,000
1,000
100
—
1883
1883
1895
Rate
$500
•
1887
1900
1895
Amount
Outstanding
1,000
1,000
1,000
1893
399
40
165
90.5
yis.r.Au
1898
1889
1892
1894
1907
1899
1906
$253,500
1,000,000
4 g
654,000
154,000
2.500.000
6
Main line.
Ashland,
Leased to others.
Miles.
to
Portland.
5 m. terminals) .-2,171
To other companies.
|To Province of Manitoba
Wls.
(incl.
Ore.
Bralnerd and
1,000
1,000
1,000
1,000
1,000
1.000
Staples to St.
Paul
Other lines.
2,000,000
210,000
500,000
1,000,000
3.406,000
3,954,000 See
794,000
100
35.000.000
1,000
1,000
972,000
3,806.000
1,498,000
313,000
5,694,000
1,000
1,000
1,000 8cc
1,000
(Not operated
181 |
j Total (Inc. 48 m. trackage)-.6,234
I Controlled properties—
2,838 (Minn A Intern. (V. 77, p. 451). 175
2,976 (Other companies
75
486
Total main line
Various branches
Total, lncl. 5 ra. trackage
ITotal system June 30 1910
6,484
504
(operated directly)
5,814 (Second track
The Manitoba branches, aggregating 354 m., 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 annually for the first 10
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
$300,000, with option of purchase any time for $7,000,000.
V. 73, p. 610.
Spokane Portland A Seattle Ry., Joint line with Great Nor., extending
from Portland to Spokane, Wash., with branches; total, 414 miles; was
completed May 1909; see V. 81,
1101; V. 83, p. 1111; V. 86, p.‘1530
In 1910 acquired stocks of Oregon Electric Ry. and United Rys. of Portland.
In Sept. 1910 608 miles were under construction, of which 158 completed
Oct. 1910.
In May 1909 arranged for Joint use of Co.’s line between South
Tacoma and Vancouver, Wash., 135 miles, with Great Northern and Union
Pacific.
V. 88, p. 1373.
HISTORY.—This Wisconsin company on Sept. 1 1896 succeeded to the
railroads, land grant and other property of the Northern Pacific RR.
foreclosed In July 1896 and reorganized per plan In V. 62, p. 550.
The original Northern Pacific Company was chartered by Congress July 2
1864; 450 miles to Bismarck were foreclosed In 1875.
STOCK.—The $75,000,000 preferred stock was paid off at par on Jan. 1
1902. the common being Increased from $80,000,000 to $155,000,000.
Stockholders In Jan. 1907 subscribed for $93,000,000 new stock at par,
paid in installments to Jan. 1909.
V. 83. p. 1471, 1524; V. 84. p. 221.
DIVIDENDS—
1 ’02. ’03. 3’04. ’05. ’06. ’07. ’08. 1909.
1910.
On common
5H
7 ««
7
7
7
*7
7
7
•
Also Dec. 1908 11,26%from sur, of N. W. Impt Co. V. 87, p. 1238.
BONDS.—Abstracts of the new Prior Lien and General Lien mortgages
of 1896 were in V. 63, p. 1012-1019. 1072.
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 (of which $6,11<>,000 in treasury June 30 1910)
107,521,500
Issued, but purchased and canceled.
5,150,500
Reserved to retire St. Paul & N. P. and West. RR. bonds._
8.828,000
For new construction, betterments, equipment, &c., under
carefully guarded provisions, but not exceeding $1,500,000
per annum.
Originally $25,000.000—still held.
8,500.000
Of the $190,000,000 general Hen bonds, $130,000,000 are reserved toretire the prior lien bonds at maturity.
The St. Paul A Duluth Division mortgage secures $20,000,000 purchase
money bonds on the former St. Paul A Duluth, of which $9,215,000 were
Issued to acquire the road, $5,283,000 are reserved to retire existing St. P.
8s 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
A Duluth are estimated to be worth about $4,000,000. and were not cov¬
ered by the old mtges.
They are to be sold and proceeds applied to pur¬
chase of the bonds at not over 105 and Interest, or. If not purchasable at
that price, then to betterments* Improvements or additions to the mort¬
gaged premises or equipment therefor. To July 1910 $2,339,000 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.
Unsold on June 30 1910, 9,949,985 acres, viz,
Minnesota
28,332|Idaho
417,275
North Dakota
2,1161 Washington
--..2,227,354
Wyoming
39.506 Oregon
318,515
Montana
.6,876,967)
Sales In 1909-10 551,934 acres.
Net cash receipts, $2,543,357.
FINANCES.—In 1904 Nor. Pac. and Gt. Northern had acquired $107,$12,600 of the $110,839,100 stock of Chic. Burl. A Quincy RR. In exchange
for their Joint 20-year 4% 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; V. 73, p. 294, 610; V 85, p. 601.
EARNINGS.—2 mos.,/1910
Gross, $12,505,085; net, $5,058,046
July 1 to Aug. 31.
\ 1909
Gross, 13,608,956; net, 6,183,598
REPORT.—Report for 1909-10 In V. 91, p. 943,and “Chronicle” Oct. 29__
Years ending June 30—
1909-10.
1908-09.
Average miles.
Freight earnings
Passenger earnings.
5,765
5,671
$48,758,736 $47,073,305
21,333,313
17,330,608
Other revenue from transportation..
3,671,817
3,416,102
Revenue other than transportation.
761,960
640,732
Total operating revenue.
$74,525,826 $68,460,747
Operating Income (overtaxes)..
$25,518,896 $28,322,267
other Income
3,697,638
3,956,305
Gross Income
$29,475,201 $32,019,905
Rentals paid
$509,92(8
$337,136
Interest on funded debt
6,775,003
6,669,014
lnt. A comm, on new stock subscrip.
3,268,416
Dividends on stock (7%).
17,360.000
14,105,000
Insurance fund...
*
_
...
_
J.
...
1907-08.
5,633
$46,423,836
18,133,238
3,065,076
598,526
$68,220,677
$26,303,433
4,114,143
$30,417,577
$318,718
7,098,908
3,106.883
10,850.000
2,784,960
Net surplus for year
$4,936,259 $7,534,350 $6,258,118
DIRECTORS.—Arthur C. James, George F. Baker, William Sloane.
Plerpont Morgan Jr., Lswls Cass Ledyard, Howard Elliott, Charles
1
J
J
Places Where Interest and
Dividends are Payable
1 1940
Bk BrNAm.NY.Mon&Ln
Sept 1910
1% B0 Church St, New York
J July 1 1917
do
do
J Jan
g
&
&
A
Q—J
Q—F
3 g
4 g
4 g
4 g
1,000,000
1,000
A
4 g
8.080.000
1.000&C) 107.613.500 J
1,000 Ac/
1
355
22
J
5 g
1,000
Miles
44
C
4H g J
500 Ac 107.521.500
500 Ac 60.000,000
66
Northwestern RR of South Car—First M $375,000
285,000
Northw Term Ry—1st M gold guar p A I red-_.Me.c*
1,000
2,025,000
72
100
Norwich & Worcester—Preferred stock 8% rental
3,000.000
1897
Bonds (not mtge) lnt guar under lease currency.c&r
1,000
1,200,000
500 Ac
Norwood & St L—1st M $300,000 g red 110 In 10 yrsTa
7H 1902
100.000
cludin g 40 m lies not o perated; sp
p Berlin at 4.20 marks per dollar,
z 5,130 mile
—
A
J
4
Last Dividend
and Maturity
J Jan
O Oct
Nov
248,000.000 7 in 1910
Q—F
6 g
F
A A Feb
8,021,000
6 g
Feb
Q—F
4 g
J
&
J July
2,620,000
100
Eel River A Eureka first mortgage.
iBiarci m
—
—
182
M land grant assumed--Ce.c* &r.
182
do
registered
---163
Wash 8s Columbia River 1st M gold assumed--F c*
New mortgages of Northern Pacific Railway—
Prior lien M $130,000,000 gold land gr._Me.c*&r See x
General lien M $190,000,000 gold land gr.-F c*&r See z
gen
do
St Paul-Duluth Dlv pur money M $20.000.000.Q.c*
C B AQ coll tr Mg (red since Jan *06 at 105).S.c*&r*
1910
Par
Value
97
A
&
1 2000
do
do
Chase National Bank.NY
11910 1H J P Morgan A Co, N Y
1 1923
do
do
1 1945
11923
1 1935
Jan 1 1997
Jan 1 2047
D Dec 1 1996
J July 1 1921
do
do
Farmers’ L A Tr Co, N Y
J P Morgan, N Y; A Ber p
do
do
do
do
do
do
de
do
Q-J
July 1 1921
5
5
6
5
4 g
6 g
F
A
A
A
A
O
J
A
J
MAS
Aug 1 1931
text
ft g
5
5 g
5 g
5 g
See text Jan 10 ’10 2)4% Checks mailed
MAN May 1 1923
Farmers’ L A Tr Co, N Y
J
J
A
&
Oct
Jan
1 1017
1 1914
Sept 1 1916
D Junel 1968
J Jan
A
& 6
J
A
J
J
A
J
5
A
A
O
4 H g MAS
4
A
A
O
&
5 g
J
J
8
Q—J
M
A
S
4
5 g
A
A O
miles.
•
urs, 261
1 1933
Apr 1 1928
Jan
Jan
Oct
1 1919
1 1912
1 1914
Mch 1 1957
Apr 1 1949
July 1 1926
Oct 1 1910
Mch 1 1927
Apr 1 1932
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
Winslow,Lanler&Co.N Y
San Francisco A New Yk
New York and Frankfort
Do’s office, San Francisco
Eureka
New York
Safe Dep & Tr Co, Balt
Merc Tr Co, N Y A Denv
2% !Mech Nat Bk, Worcester
Company’s office Boston
City Nat Bk. Watert.N Y
June 30 1909 $ 191,000 add’l in treasury
Steele. George W. Perkins, William P. Clough, James N. Hill, Amos Tuck
French, Alex. S. Cochran, Wm. S. Tod, Payne Whitney and Grant B .Schley.
OFFICERS.—Pres., Howard Elliott, St. Paul, Minn.; V.-P., James N.
Hill; Sec.. George H. Earl, New York; Treas., C. A. Clark, St. Paul.
New York office, 34 Nassau St.—(V. 90, p. 698, 772; V. 91, p. 39 , 943.)
NORTHERN PACIFIC TERMINAL COMPANY. OF OREOON.—Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising 270 acres land, 39.31 m. track, dock frontage 7.904 feet.
LEASE.—Leased for 50 years from Jan. 1 1883 Jointly and severally to
Northern Pacific, Oregon Ry. A Navigation and Oregon A California, with
guaranteed rental to pay Interest, sinking fund and taxes; leases assumed
In 1899 by new Nor. Pac. and Oregon RR. A Nav.
V. 69, p. 230.
STOCK.—Stock ($3,000,000) owned by said three companies (40% by
Oregon Ry. A Nav. Co., 40% by Nor. Pac. and 20% by Oregon A Cal.
RR.), and held by Central Trust Co. of New York, to be delivered after
payments to the sinking fund, which Is to cancel the bonds.
BONDS.—The first mtge. is for $5,000,000; in Aug. 1910 $4,275,000 had
been Issued, of which $869,000 retired by sink fund—drawings at 110 and
interest.—(V. 88, p. 232; V. 89, p. 163; V. 90, p. 237; V. 91, p. 154.)
NORTHERN SECURITIES CO.—In 1904 the U. S. Supreme Court de¬
clared the company to be a combination In violation of the Anti-Trust Actand therefore Illegal.
V. 76. p. 811, 919, 1249; V. 78, p. 1168.
The stockholders voted on April 21 1904 to reduce the stock from $395,400,000 to $3,954,000, the par value of shares to remain $100, representing
the remaining assets in the treasury, pending completion of dissolution.
V. 78, p. 1223, 1275, 1392.
Report for cal. year 1909 was in V. 90, p. 233.
DIVIDENDS.—On stock as reduced 5% yearly 1906 to 1908; 1909,
Jan., 4%; 1910, Jan., 2H%.
OFFICERS.—Pres., James J. Hill; Sec. and Treas., E. T. Nichols; Gen.
Counsel. W. P. Clough.
Office, 26 Liberty St., N. Y.—(V. 90, p. 233.)
NORTHWESTERN COAL RY.—See page 165.
NORTHWEST.—See Chicago A North Western.,
NORTHWESTERN PACIFIC RR,—Operates a system extending from
Tlburon, Cal. (whence ferry to San Francisco, 6 miles), northerly to
Eureka, with branches, 399 miles In all. Incorp. Jan. 8 1907 In the Interest
of South. Pac. and Atch. Top. A S.Fe, which each owns $17,499,500 stock,
and took over by consolidation the Cal. A Northw., San Fran. A N. Pacific,
North Shore RR., San Fran. A Northwestern. Eureka A Klamath River
and Fort Bragg A Southeastern.
A connecting line of over 100 miles Is to be
built from Willits to Pepperwood, 30 m. was to be completed summer of 1910.
BONDS.—San Fran. A North. Pac. 5s Issued at $25,000 pe mile; s. !.,
$25,000 y*ly; bonds drawn at 110 and lnt. (mtge. abstract V. 49, p. 241.)
As to old North Shore 5s dated 1902, see V. 80, p. 1913; V. 74. p. 1202.
Of the first and refunding 4H» of 1907 ($35,000,000 auth.), $5,694,000
was outstanding Jan. 1909, all owned by Southern Pacific; the mortgage,
reserved
$6,676,000* to retire a like amount of underlying bonds, $5,000.000 for improvements and equipment and $13,324,000 for branches
or extensions, including one from Shively to Wlliets and from Wendilng to a connection with the line from Uklah to Tlburon.
V. 84, p.
221, 694: V. 85. p. 222.
EARNINGS.—12 mos.J 1909-10
Gross, $3,167,805; net, $976,069
July 1 to June 30.
\1908-09
Gross, 3,022,977; net, 771,571
Year ending June 30 1900, gross, $3,022*977; met, after taxes, $662,992;
other income, $133,016; charges, $674,442; foil., Bur., $121,566.
NORTHWESTERN RR. OF SOUTH CAROLINA.—(See Map Atlantic
Coast Line.)—Wilson Mill, S. C., via Sumter to Camden, 62.5 miles; branch,
Millard to St. Paul, 3.5 m.; trackage, 5 m.; total, 71 miles.
Stock, $100,000.
Dividend, 6% paid yearly Dec. 1900 to 1902; 1903 to 1905, 6%: 1907 and
1908, 4%.
Year ending June 30 1908, gross, $98,064; net, $28,642; int.,
taxes. Ac., $18,026; dividends (4%), $4,000; bal., sur., $6,615.
NORTHWESTERN TERMINAL RY.—Owns terminals covering 36 acres
at Denver and 54 acres of right of way in that city, and 40 acres of freight
terminals at Utah Junction, 3 miles north of Denver.
Leased for 99 years
Point
for Interest, taxes and maintenance to Denver Northwestern A Pacific,
which owns the $3,000,000 stock and guarantees bonds, prln. and int.
Bonds ($3,000,000 auth. Issue) are redeemable from July 1 1911 to July 1
1916 at 105 and lnt.; thereafter at 102 H
V, 89, p 994; V. 90, p. 503
Denver Laramie A N. W. also uses facilities.—(V. 90, p. 503.)
NORWICH & WORCESTER RR.—Owns from Norwich, Conn., to Wor¬
cester, Mass., 59 miles; branch, Norwich to Groton, 13 m.: total 72 miles.
Leased to New England RR. for 99 years from Feb. 1 1869, and accepted by
N. Y. N. H. A H. In 1898: rental 8% on pref stock.—V. 70 p. 125.
NORWOOD & ST. LAWRENCE RR.—Norwood to Waddlngton, N. Y.,
opened July 1909. Stock $100,000; jpar
of shares, $100.
Bonds are subject to call at 110 after April 1 1912.
Year
ending June 30 1909 (7 miles), gross, $73,325; net, $40,586.
In 1907-08,
gross, $61,656; net, $23,798; lnt. and taxes, $6,059; bal., sur., $17,739.
Pres., Chas. H. Remington; Manager, F. A. Sherman, Norfolk, N. Y.;
Treas., Warren F. Howe, Watertown. N. Y.—(V. 74, p. 1090.)
OCEAN SHORE RY., CALIFORNIA.—Owns partly constructed road,
double-track, to extend from San Francisco. Gal., to Santa Cruz. 80 miles,
of which 38 miles south from San Francisco and 15 H north from Santa Cruz
Is completed, leaving gap of 26 M miles.
To be sold at auction by mortgage
trustee. Mercantile Trust Co. of San Francisco, Nov. 18 1910.
V. 90, p.
20 miles, Incl. extension, 13 m.,
1677; V. 91, p. 519, 871.
On Dec. 7 1909 Frederick S
Stratton was appointed receiver.
V. 90,
1543.
In Jan. an Issue of $3,000,000 or $3,500,000 receiver’s oertfs.
proposed to complete road, pay floating debt. &o. V. 90, p.110,1102.
Reorganization Committee.—In Aug. 1910 a bondholders’ committee
(Charles C. Moore, Chairman) was announced with authority to purchase
the road at foreclosure sale; 80% of bonds understood to be deposited with
Mercantile Trust Co. of San Francisco, depositary.
V. 91. n. 337, 276,
The reorganization plan dated July 9 1909 (V. 89, p. 225, 349) is under¬
p.
was
stood to have
oeen
abandoned.
.,19 0.]
RAILWY
STOCKS
AND
BONDS.
100
RAILWAY STOCKS AND BONDS.
Date
Miles
Road Bonds
RAILROAD COMPANIES
see notes on first page]
[For abbreviations, Ac.,
Ocean Shore Ry.—First mtge $5,000,000 fold
Ogden Mine RR—Stock (5% rental Central of N J)
-
id
--
Ogdensburg & Lake Champlain Ry.—See Rutland RR
Ohio Conn Ry—1st M $2,000,000 g gu p & l(text)F.c*
Ohio & Kentucky—1st M gold sink fd call at 110-Ce.c*
Ohio & Little Kanawha Ry—First M gold red 105-. K
Ohio River—First mortgage ($2,000,000) gold-.FP c*
General M ($3,000,000) gold first on 39 mlles.-FP.c*
Rav Sp A Glen 1st M $400,000 g gu p & l-.-FP.c*
Huntington A Big S 1st M ($400,000) gold guar..c*
Ohio River & Western—First mortgage $600,000 g--F
9
26
80
172
209
33
11
Oklahoma Central—Receivers’ certfs $500,000 auth..
1st M $10,000,000 redeem (text)
Old Colony—Stock 7% guaranteed by rental
c*
132
Bonds
Bonds
Bonds
Bonds
not
not
not
not
mortgage
--r
mortgage (authorized $3,000,000) g.c*Ar
--cAr
mortgage
mortgage-.
-c&r
111
*>
....
.
Series B non-cumulatlve
.
...
24
57
670
—
1,158
600
477
477
1,479
-
-
..
G
Oregon & So E—First M $300,000 g red llOsf
Ta
Oswego & Syracuse—Stock 9% guaranteed DL4W.
Consolldated mortgage (guaranteed by D L & W)..
Construction mortgage guar (for $1,000,000)
F
Overton County—First mortgage $250,000 gold
Owensboro & Nashville—First mortgage gold—Ce.c*
Ozark & Cher Cent—See St Louis A San Francisco
Pacific & Eastern—First mortg gold redeem (text). K
«
...
Opelousas Q & N E—1st M $5,000,000 g gu (text).Me
Oregon & Cal—1st M gold drawn at 100 gu p & l.Un.c*
Oregon RR & Navigation—Common stock
do
1905
*
-
.
-
-
-
-
.
-
When
%
Payable
$450,000
1903
1896
1,000
2,000,000
1900
1,000
1,000
1,000
1,000
1886
1887
1890
1892
1903
1908
1,000
1,000
1,000
1905
1,000
100
1888
1894
1305
1902
1,000
1,000 Ac
1.000 Ac
1.000 Ac
1893
1906
1887
--
-
100
1.000
1,000
100
100
-
1896
1882
1878
1886
1897
1904
1897
1897
1902
1,000
1,000
1,000
1,000
500 Ac
1,000 Ac
500 Ac
500 Ac
500 Ac
50
35
33
35
20
88
1876
1,000
1883
1905
1881
1.000
1,000
1.000
---
1909
100 Ac
OFFICERS.—Pres, and Gen. Man., J
Downey Harvey; 1st V.-P.,
Folger; 2nd V -P., Horace D. Pillsbury; Sec. and Treas., Burke Cor¬
bet.—(V. 90, p. 1102, 1171, 1677; V. 91, p. 276, 337, 519, 871, 1026.)
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% per an. on stock and $500 yearly for org.
exp.
J. A.
OHIO CONNECTING RY.—Owns bridge over Ohio River near Pitts¬
burgh, Pa., and approaches, 9.08 miles. Leased from Oct. 20 1890 for no
definite time to Pitts. Clndn. Chic. & 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 Penn¬
sylvania Company, which on Jan. 1 1910 owned the entire stock. Form of
guaranty, V. 81, p. 669.
Divs. In 1906,5%; 1907 to 1909, 7%.
For calyear 1909, gross, $439,215; net, $369,854; other income. $53,625; charges.
$80,000; div. (7%), $140,000; bal., sur„ $203,479.—(V. 82, p. 752.)
OHIO & KENTUCKY RY.—Owns from Lex. & East. Ry. at Jackson,
Ky., to cannel coal fields In Morgan County, Ky„ 26 miles.
Com¬
stock, $200,000; preferred stock. $100,000; bonds, as above, $250,000;
junior securltes to be taken by stockholders, $175,000.
Bonds are guar¬
anteed by Kentucky Block Cannel Coal Co. Year ending June 30 1910, gross,
$93,763; net, $30,511. In 1908-09, gross, $76,667; net, $20,300. In
1907-08. gross, $86,016; net, $24,201; charges, $26,403; bal., def., $2,202.
Pres., W. deL. Walbridge, 1 Broadway, N. Y.
OHIO & LITTLE KANAWHA RY.—Zanesville, O.. to Marietta. Ac..
80 miles.
V. 69, p. 907.
Balt. 6s Ohio has pledged under Its Pitts. L.E.6s
West Va. mtge. $585,000 common and $824,000 pref. stock.
V. 73. p.
1264. Stock: com., $918,000; pref., $1,167,500. Year 1909-10, gross, $290,ch,
326; net, $47,503; charges (?).—(V
73, p. 1264.)
by the
capital
mon
287.
OHIO RIVER & WESTERN RY.-Owns Bellalre. O.. to Mill Run. O.,
Ill miles; narrow-gauge trackage to Zanesville, 1 mile. Successor Jan. 1
1903 to Bellalre Zanesville 6e Cincinnati RR.
V. 80, p. 163, 473, 600,1913.
Stock auth., $4,000,000; outstanding June 30 1909. $653,800; par, $100.
The stockholders voted Dec. 4 1906 to Increase the authorized stock from
$1,200,000 to $4,000,000, to change the gauge to standard, build exteMions,
6sc.; also to Issue not over $4,000,000 of 5% bonds.
V. 83. p. 1099.
In year ending June 30 1909, gross, $185,630; net, $20,606.
In 1907-08,
gross, $192,715; net, $25,468; int., taxes, 6cc., $31,075; bal., def., $5,607.
Pres., S. L. Mooney; Treas., W. C. Mooney, Woodsfleld, O.—(V.83,p.l099.)
OKLAHOMA CENTRAL RR.—Owns Lehigh, Okla., to Ohlckasha. 132
June 5 1908 Asa E. Ramsay was appointed receiver.
V. 86, p.
1344, 1410. Sale deferred until fall of 1910. V. 91, p. 155. Of $500,000 re¬
ceivers’ certs, auth., $387,000 had been sold In Aug. 1910. V.88,
p.158. In
April 1910 a majority of the bonds had been deposited with a committee, F.
J. Llsman, Chairman (Columbia Tr. Co., N. Y., depositary).
V. 87, p.
1160.
In Aug. 1909 the Ada Term. RR. was lncorp.
Stock (par of shares
$2,640,000. Western Trust 6s Sav. Bank, Chicago, Is mtge. trustee.
V. 82, p. 752. For year ending June 30 1910, gross, $219,556; net, $27,317.
—(V. 88. p. 158: V. 91, p. 39. 155.)
OLD COLONY RR. (MASS.)—Owns road from Boston to Provlncetown,
Mass., Newport, R. I., 6ec., 518 miles; leases 101 miles. In June 1907 a
bill was passed permitting purchase of Boston & Providence (leased line).
LEASE.—In 1893 leased to New York New Haven 6b Hartford for 99
years.
Of the stock, $7,749,400 was on June 30 1910 held by the lessee.
The lease provides for dividends of 7% Der annum on stock not
exchanged.
V. 76, p. 247,
374.
Stock
authorized, $20,000,000.
V.
86,
p.
982, 1101 V. 88, p. 53, 375, 453, 507.
In Oct. 1910 additional stock was
contemplated.—(V. 89, p. 1543, 1597; V. 91, p. 1026.)
OMAHA & DENVER SHORT LINE RR.—Projected from Omaha, Neb.,
to Denver, Col., about 500 miles.
Incorporated In Colorado In 1906.
Stock authorized. $12,500,000; par of shares, $100.—(V. 83. p. 94.)
OPELOUSAS GULF & NORTHEASTERN RR.—Owns fifty-seven miles
from Melville to Crowley, opened Oct. 2 1907.
Stock authorized, $2,
000,000, of which Tex. 6b Pac. owns $1,400,000; par of shares, $25.
Bonds
authorized, $20,000 per mile, will be guar, by Tex 6s Pac. as Issued. The
$1,143,000 bonds Issued Dec. 31 1909 were all owned by the Tex. A Pac. V.
82, p. 98; V. 83, p. 688; V. 86, p. 792.
Pres., C. E. Satterlee; Sec., P. B.
Bert, Opelousas, La.
N. Y. office. 195 B’way.—(V. 85, p. 922.)
OREGON & CALIFORNIA RR.—(See Map Southern Pac.)—Portland.
Ore., to California State line, 367 m.; Albany Jet. to Lebanon. 12 m.; Port¬
land to Corvallis, 97 m.; Woodburn to Natron, 93 m.; Portland, Ore., to
Alrlee, Ore., and branch. 81 m.; Mohawk Jet. to Wendllng, 16 m.; Springfield to Springfield Jet., 1 m.; trackage, 1 m.
Total, 666 miles.
LEASE, 6bc.—Leased to Southern Pacific Co. for 34 years from Aug 1
1893, the lessee guaranteeing int. on the bonds and the lessor receiving any
net profit and being charged with any deficit after
payment of charges. Bet¬
terments are payable by lessor.
Southern Pacific owns all but $38,802 of
the $19,000,000 stock, $12,000,000 of which Is 7% pref.
V. 72. p. 287.
Due Southern Pacific June 30 1909, $6,435,864.
Litigation, V. 88. p. 376.
BONDS.—Land grant aci*eage unsold June 30 1909, 2,342,131, part be¬
ing covered by the mtge., proceeds of land sales going to redeem bonds
(subject to call at par). The Southern Pacific guaranty of principal and
Interest is prluted on each of the 5% bonds.
See V. 63, p. 754
EARNINGS.—Year ending June 30 1909, gross, $7,099,081; net, $3,232,011; other income, $5,000; Int., taxes, Ac., $1,972,629; bal., sur., $1,264,383.—(V. 80, p. 2220; V. 88, p. 376.)
miles.
OREGON RAILROAD & NAVIGATION.—{See Map Union Pac.)— East
Portland, Ore., to Huntington, Ore., 403 m.; Umatilla, Ore., to Spokane,
Wash.. 227 m.: branches ow ed, 512; leases Snake River Valley RR.. Wal-
Rate
See text
STOCK AND BONDS.—Stock, $5,000,000. all outstanding,* par $100
of the bonds, $3,000,000 are outstanding in the hands fo the public and
$2,000,000 held as collateral for loans; Merc. Tr. Co., San Fran., trustee.
„
Amount
Outstanding
$100
----
—
Omaha Bridge & Terminal Ry—First M ($5,000,000).
Preferred stock 4 % non-cumulatlve
Consol mortgage (now first) $24,312,800 gold.N.c*
Oregon Short Line RR—First mtge (Ry Co) gold--.c*
Utah A Northern first mortgage exten In 1908—c*
Cons M gu $15,000 p m s f not drawn gold.. AB.c*
Cons 1st M $36,500,000 gold (1st M on 400 m). G.c*
Ref M $100,000,000 g gu p A 1 red (text). -Eq.c*Ar
Income bonds Series A 5% non-cumulatlve
OB
Par
Value
[VOL.
250,000
228,000
2,000,000
2.941,000
376,000
303,000
600.000
387,000
2,640.000
20.364,000
4,000,000
3,000,000
5,598,000
1.000,000
1,750,000
1,143,000
17,745,000
24,000,000
11.000.000
23,380,000
14,931,000
5 g
5
4 g
5 g
5 g
5 g
5 g
6 g
6 g
4 g
6
5 g
7
4
4 g
4
3 H
5
5 g
5 g
See text.
4 in 1910
4 g
6 g
4 (7)
5 g
5 g
4 g
M
J
300.000
«g
M
J
M
J
A
F
J
M
A
S
A
J
A
S
A
D
A
O
A A
A
J
A
S
M A N15
A
J
D
Q—J
J
A
J
A A
F
J
A
D
A
J
J
A
J
J
M A
S
A
J
J
See text.
Semi-an
J
A
D
are
Payable
Id
.¥8hil
Sept 1 1943
Farmers' L A Tr Co, N Y
Mch 1 1950
Junel 1936
Knickerbocker Tr Co,NY
Central Trust Co, N Y
do
da
do
do
NewYork or Philadelphia
Hambleton & Co, Balt
F J Llsman 6s Co., N Y
In default.
?e, Boston
July 1 1926
Apr
Aug
July
Sept
1
1
1
1
Nov
Dec
Oct
Jan
Feb
Deo
15 1911
1 1945
1
1937
1920
1922
1953
'10.154%
Broadway, New York
do
1 1938
1 1924
1 1925
July 1 1932
Treasurer’s office, Boston
Feb 1 1943
Mch 1 1956
Miss Valley Corp, N
Mercantile Trust Co,
do
do
Y
N Y
South Pacific Co, N Y
See text.
Office 120 B’way, N Y
do
do
Aug 1 1910 2%
Junel 1946
New York and Germany
A Feb 1 1922
120 Broadway, NewYork
J July 1 1933
do
do
J July 1 1926
do
do
J July 1 1946
do
do
D Dec 1 1929
do
do
F
J
J
J
J
Dividends
N Nov 1 1935
J July 1910 2H% 608 Chestnut Street
A
A
A
A
1,802,000
A
12,328.000
A
See text
J
A
7,185.000 5% in Se Pt1910
14,841,000 4 In 1910
Oct
5 g
250,000
A
A
O
1.320,400
9
F A A 20
438,000 See text See text
5
668,000
M A N
5 g
250,000
J
A
J
1,200.000
6 g
M A N
4,991,000
Last Dividend
and Maturity
LXXXXI.
A
July 1 1927
do
do
July 1 1946
July 1 1946
Apr 1 1922
do
do
Apr ’10
ooupon not paid
Del Lack6s West RR.N Y
do
do
Nov 20 1910
Matured
1 1945
Nov 1 1931
do
do
In default
71 Broadway, New York
D June 1 1937
Knickerbocker Tr Co,N Y
May 1923
Oct
lulato Grange City, Wash., 66 m.; other, 16 m.; owm securities of, but
leases, Columbia River 6b Oregon Central RR., Arlington to Condon,Ore.,
45 m., and Columbia Southern Ry.,
Biggs to Shanlko, 70 m.; total June 30
1909, 1,340 miles, of which 13 narrow-gauge; river division water lines. 195
miles.
Ocean line to San Francisco, 660 miles.
Elgin, Ore., to Joseph, 63
miles, also extension of St. John’s branch. 20 miles, under construction.
The Oregon Washington 6: Idaho RR., Lewiston Jet. to
Lewiston, Ida.,
72 miles, has been operated since Dec. 3 1909 by the Camas Prairie RR.
ORGANIZATION.—Organized In July 1896, per plan In V. 61. p. 325,
and V. 62,
p. 41. Controlled by Union Pacific Ry., directly and through Ore¬
gon Short Line.
Owm $700,000 1st 5s (entire Issue) of Columbia Southern
Ry., Biggs, Ore., to Shanlko. 71 miles. V. 73, p. 1363.
STOCK.—In July 1910 all except $20,100 com. and $3,410 pref. stock
was owned by Un. Pac. system, being
mostly deposited under Ore. Short
Line refunding 4s of 1904.
V. 70, p. 177; V. 80, p. 1913.
DIVIDENDS.—On preferred, 1897, 2%; 1898 to July 1910, both Ind.,
4% yearly.
On common, 1% July 2 1898; In 1908, 4%.
On Feb. 20 1908
an extra div. of 75% was paid on Doth
pref. and com. V. 87, p. 1421.
BONDS.—Consol. 4s (abstract V. 63. p. 928) unissued are mostly re¬
served for add'l road at not more than $20,000 per mile.
V. 74, p. 206.
EARNINGS.—2 mos.
/1910
Gross, $2,708,571; net, $1,063,687
July 1 to Aug. 31.
Gross,
11909
2,524,198; net,
1,311,297
For year ending June 30 1910, gross, $15,054,740, agalMt $12,626,531
in 1908-09; net, $6,248,272, agaiMt $6,219,812.—(V. 89,
p. 163.)
OREGON SHORT LINE RR.—(See Map Un. Pac.)—Granger, Wyo., to
Huntington. Ore., 542 miles; branch to Ketchum, Ida., 70 m.; Ogden to MoCammon. Ida., Ill m.; Pocatello to Sliver Bow. Mont., 256 m.; Cache Jet..
Ida., to Preston, Utah, 42 m.; Ogden, Utah, to Sandy, 60 m.; sundry
branches, Abo., 426 m.; Butte to Garrison, Mont., 57 m.. owned, but oper.
by Nor. Pac.; trackage, 11 m.; total, June 30 1909, 1,565 miles.
On July 7 1903 the portion of the main line from Salt Lake City. Utah, to
Callentes, Nev., 512 m. In all, was taken over under purchase by San Pedro
Los Angeles & Salt Lake Ry
the Short Line acquiring a half Interest in
San Pedro L. A. & S. L.
V. 79, p. 1705.
V. 76, p. 919, 1356; V. 77, p. 38.
In 1909 Lembi A Salmon River Valley RR. was lncorp. V. 89, p.42.
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 Un.
Pac., which holds nearly entire capital stock.
See also bonds below..
V. 84. p. 52. 572, 932.
In 1907 acquired $5,685,750 stock and $1,034,000
bonds of Utah Light & Ry., Salt Lake City.
V. 83. p. 1171; V. 87. p. 1548-9
CAPITAL STOCK.—Stockholders voted Oct. 12 1910 to Increase the
authorized stock from $60,000,000 to $100,000,000, the new stock when
Issued to go to the Union Pacific in adjustment of accounts.
Outstanding.
$27,460,100, of which Union Pacific owm $27,350,700; remainder in treas¬
ury.
V. 91, p. 871. In 1906 paid 50% dividend. V. 84, p. 52.
BONDS.—Of the $36,500,000 first consols, $22,029,000 were reserved to
retire at maturity the loans not disturbed.
The $4,993,000 Utah A
Nor. 7s due July 1 1908 were extended to July 1 1933 at 4%. V. 86,
p. 1410.
Series A Incomes, non-cumulatlve 5 per cents, have received: In
Sept.
1897,4%; Sept, yearly since, full 5%. at N. Y. office or Old Col. Tr.. Boston.
The Ore. RR. A Nav. Co. common stock was withdrawn from the In¬
come B mtge. and pledged under the 4%
refunding mtge—see below. N#
collateral was substituted under the Income B. mtge.
The U. P. RR. Co.
owns all but $37,000 of the income B bonds and ooMented to the
exchange.
Series B received in Oct. 1898 3% and In Oct. 1899 to 1910, lncl., 4%
yearly. V. 65, p. 572; V. 66, p. 1141.
"
The Union Pacific owns $4,299,500 and Oregon Short Line $2,564,000foi
$7,185,000 Income A bonds and the U. P. $14,804,000 of the $14,841,006
B bonds.
V. 70, p. 176.
The ref. gold guar. 4s (collat. trust) of 1904 (authorized Issue,
$100,000,000) are subject to call at 102 ^ since Dec. 1 1907.
The bonds are secured
by pledge of the following stocks: $108,000,000 com. Sou. Pac. and $10,866,800 pref. and $23,979,300 com. Ore. RR. A Nav. and $2,564,000 Ore.
A Sh. Line Inc. A bonds, $160,000 Malheur
Valley Ry. bonds and $155,009
Wyoming Western RR. bonds. The collateral may be replaced by^other
of equal value.
Of the bonds, $45,000,000 has been sold, the remaining
$55,000,000 being held In Union Pacific treasury. See abstract of mortgage,
V. 80. p. 2403.
V. 79, p. 2086; V. 80, p. 1913.
EARNINGS.—2 mos., J1910
Gross, $3,690,125; net, $1,758,965
July 1 to Aug 31.
)1909
Gross. 3.509,516; net, 2,066,623
For year ending June 30 1910, gross, $20,822,846,
agst. $17,784,586 In
1908-09; net, $11,281,272, agaiMt $10,470,884.
Financial office, 120 B’way, N. Y. City.—(V. 91, p. 871, 1026.)
,
,
OREGON & SOUTHEASTERN RR.—Cottage Grove to Dtsston, 20 m.,
completed in Oct. 1906; branches, 4 m.; total, 24 m. Extension to Bonita,
6 m., under construction in Mch. 1910.
Stock authorized, com., $500,000;
pref., 7% cum. $500,000; outstanding, $400,000 of each; par of shares,$100.
Bonds, $250,000 said to be outstanding.
Coupons due April 1 1910:were
not paid when due.
In 1910 foreclosure suit was brought. V. 90, p. 1297.
Pres., G. B. Hengen, 1657 Monadnock Block, Chicago.—(V.90. p. 1297.)
OSWEGO & 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 A Western RR. Co. for 9%
per year on $1.320,400 stock and Interest on bonds. The $438,000 7% bonds which ma¬
tured March 1 1907 are held In treasury of D. L. A W.—V.
86, p. 543.
OVERTON COUNTY RR.—Owns Allgood, Tenn., on Southern Ry., to
Livingston, 20 miles.
Extension easterly to Junction City, Ky., on the
Cln. New Orl. A Texas Pac., 76 miles, was under construction.
On Oct. 1
1910 George A. Clark of Nashville, Tenn., was
appointed receiver. V. 91,
$250,000,
to beA increased
to $2,500,000.
6.onds,
1026.seeStock
wasTrust
table authorized,
above; trustee.
Colonial
Savings Bank, Chicago.
V. 81, p. 727.
Car trusts, $18,000.
Year ending June 30 1910, gross,
$39,640, agaiMt $31,544 in 1908-09; net, $11,394, agaiMt
$11,447.1sPres.,
Geo. L. Wilkins, Chicago; Sec. and Treas., E. C. Knight,
Livingston. Tenn.
—(V. 83, p. 620; V. 84, p. 103. V. 91, p 1026.)
O09T., 1910.
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviation*, Ac., see notes
on
Miles
Road
first page]
Pan-Amer RR (Mex-Guat)—1st M (text) red 105--C*
General mortgage $6,000,000
Pan-American Co coilat trust notes redeem at par c*
Platerson & Hudson Riv—Stock 8% rent NYL EA W
Paterson & Ramapo—Stock (rental guaranty)
remisewasset Valley RR—Stock (rental guaranty)
Pennsylvania RR—Stock $500,000,000
-Tr
Consol mtge oil
1873 secures
all equally.
G. P,
Gold registered bonds
Gold coupon bonds
_r
-.c
Gold coupon s f 1% not drawn..c*
Stert (s t in 1000) not drawn.c*r<sc-'*
Gold or sterling
xc*rccr*
Bonds (P W A B stock as collateral)
r
N Y Phlla A Norf stock tr ctfs
Collateral trust loan gold not drawn —
.c*
Gold bonds redeemable (text) convertible—GP.c*
do
do
do
do
«Ar
Philadelphia A Erie mortgage (now first) gola.-.c
do
do
($5,263,000 are Ss)
r
Sunb Has A WUk first Series A drawn at 100
c
Second mortgage Income
cAr
Sunb A Lewis first mtge $600,000 p A I g—GuP.c*
West Chester first mortgage assumed
West Penn consol mortgage gold assumed --PIP.c*
River Front first mortgage assumed
Southwest Penn 1st M s f $5,000 yearly not drawn.r
Allegheny Valley gen (now 1st) M g
FPi xc*Ar
Junction (Phlla) general mortgage (now first) gold
Pitts Va A Ch first mtge gold guar p A I..GP.c*Ar
Equipment trust gold bonds (s ( 5%) not drawn.-c*
Penn equipment trust gold last Installment
last installme.it
do
do
do
do
$400,000 paid yearly
Penn steel car trust gold $700,000 paid yearly
x On coupon bonds J A J. on registered bonds A AO
Date
Bonds
Par
Value
1903
$1,000
1909
14
14
w
•
•
.
1,000
50
50
100
50
•
...
m
_
974
974
974
974
974
•
-
•
-
•
•
1879
1879
1893
1895
1908
1881
1908
1883
1902
1,000
1,000
1,000
£200
$ or £
1,000
1,000
1.000
500 Ac
500 Ac
1905
307
307
43
43
56
5
138
4.62
131
262
2.96
_
_
_
_
^
—
—
_
m
—
1869
1869
1878
1878
1896
1879
1888
1,000
1,000
100 Ac
100 Ac
1.000
100 Ac
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1882
1877
1892
1900
1904
1889
1900
1901
1902
1902
a In dudln
„
g
.
(MEXICO-QUATEMALA).—Projected from San
Geronimo, Mex., on the National Tehuantepec RR., southeasterly to the
Guatemala border, about 300 miles, with connections to the City of Guate¬
mala. of which 225 miles operated in March 1908; balance was under con¬
struction.
Mexican Govt, subsidy about $10,000 gold per mile.
The
National Rys. of Mexico In Aug. 1910 acquired $9,800,000 of the $10,000,000
stock, of which $9,600,000, together with $3,600,000 gen. mtge. bonds, is
deposited as collateral under the Pan-American Company collateral trust
6% bonds (see table above).
Remaining $2,400,000 gen. mtge. bonds are
reserved to retire the outstanding first mtge. bonds.
V. 90, p. 237.
The
first 5s of 19 3 are limited to $12,000 per mile of main track, but, by supple¬
mental mtge., to $8,000pcrmlle until the net earnings are double the inter¬
est charge on the entire authorized amount.
In 1906 $1,000,000 bonds
were sold.—(V. 90. p. 237, 772; V. 91,p.589.)
PATERSON A HUDSON RIVER.—Owns from Marlon, Jersey City,
N. J. (south at Bergen Junction), to Paterson, N. J., 14 miles; double track.
Leased in perpetuity at $48,400 per year for road, $5,000 for land in Jersey
City and taxes, to Erie RR., forming part of main line.
PATERSON A RAMAPO RR.—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.
PEMIQEWASSET VALLEY RR.—Plymouth. N. H.. .to Lincoln. N. H..
23 m.
Leased to Concord A Mont, for 6% on stock; op. by Bos. A Maine.
PENNSYLVANIA RR.—(See Maps.)—The system, as shown on the
adjoining maps, extends from New York City westerly, via Philadelphia,
to Pittsburgh, Erie, Cleveland, Toledo, Chicago and Burlington on the
north and to Washington, Cincinnati, Louisville A St. Louis on the south.
The total system on Jan. 1 1910 aggregated 11,234 miles, of which 3,841
miles represents the mileage operated directly under the caption “the lines
east of Pittsburgh and Erie,” and 2,911 the mileage operated directly under
the caption “the lines west of Pittsburgh and Erie,” the latter being more
fully described under the title Pennsylvania Company and Pittsburgh Cin¬
cinnati Chicago A St. Louis.
The other lines are operated independently.
East of Pittsburgh and Erie.
Miles.
Main Line and Branches— Miles. Trackai
237
Philadelphia to Columbia, Pa..
81
Phlla.,Pa.,to New Bos. J.ct.,Ac. 293 Phlla. Balt. A Washington
697
Harrisburg, Pa., to Plttsb., Pa. 245 Northern Central Ry*
480
Erie, Pa., to Sunbury, Ac
West
307
Jersey A Seashore RR.*.. 337
Branches and spurs
895 Cumberland Valley RR.*
162
Long Island*
391
Total main line A branches.. 1,821 Balt. Ches. A Atlantic Ry
88
Lines oper. by lease or contract—
Maryland Delaware A Virginia.
78
Har. Ports. Mt.Joy. A Lan. RR.*
Rosslyn Connecting
2
Dlllersvtlle to Harrisb.,Pa.,Ac. 53 Philadelphia A Camden Ferry.
1
United New Jersey RR.,* Tren¬
ton to Jersey City, Ac
Grand total east of P. A E
149
6,294
Philadelphia A Trenton RR.*..
26
West of Pittsburgh and Erie.
Allegheny Valley Ry*
REPORTED DIRECTLY—
264
Western New York A Penn.*..
554 Pitts. Cln. Chic. A St. Louis*..1,566
Connecting Railway*
37 Pennsylvania Company lines*..1,345
Lines operated under contract—
repSrted'separately
.
393
Total reported directly
2,911
REPORTED SEPARATELY—
49 Grand Rapids A Indiana lines*
580
10 Vandalia RR.*
924
Other lines (see Pennsylvania
401
Company statement)
525
81
Total In Penn. RR. statistics.3,841
•See each company’s statement.
.
Total system Jan. 1 1910
11,234
ORGANIZATION, LEASES. Ac.—The charter of the Pennsylvania RR.
dated April 13 1846.
The Pennsylvania Company controls all the lines
Pittsburgh and Erie, the Pennsylvania RR. Co. holding all Its stock.
was
west of
In 1900
acquired most of stock and Income bonds of Western New York A
Pennsylvania and took a lease of the road. V. 72, p. 481.
In May 1900 purchased a majority of Long Island RR. stock.
V. 72,
p. 481. In Mch. 1910 had acquired additional amounts of Norfolk A West,
stock, and. It Is Understood, owned 51% thereof. V. 90,
p. 628. Western
Pennsylvania and other roads connecting with the main line were merged
April 1 1903, the Pittsburgh Virginia A Charleston In 1905 and the Phila¬
delphia A Erie May 1 1907 and the Allegheny Valley on April 7 1910. V. 76.
p. 486, 594; V. 80, p. 1112; V. 84, p. 1183; V. 90. p. 976.
The South West
Pennsylvania Ry. and York Haven A Row. RR. were purchased In 1906,
and In 1908 the Southwest
Connecting Ry., Junction RR. and Bald Eagle
Valley RR. V. 82, p. 453, 629; V. 84, p. 626; V. 86, p. 422.
In Jan. 1910 $2,492,750 of the N. Y. Phlla. A Norfolk
$2,500,000 stock
(authorized In April 1910 to b« Increased to $3,750,000) had accepted the
buy the stock with 4% 40-year trust oertfs., guar., p.Al., by Penn.
RR. on basis of $3,000 oertfs. for $1,000 stock. Y. 86,
p. 1690; V.SS.p 631.
oner to
Rate
When
%
Payable
Last Dividend
and Maturity
J
A
J Jan
1 1934
Amer Tr A Sav Bk. Chlo
A
A
A
A
A
O Oct
J July
J July
A Aug
1 1914
J
J
F
Amer Tr A Sav Bk, Chic
4% Paterson, N J
do
4%
3% Treas Off, Concord. N H
14 Office. Philadelphia
$2,400,000
5 g
6
8
8
6
541.500
6
in
1909
412,596,650
5 g
3,493,000
5 g
1.500.000
4 g
2,660,000
4,850.000
3* g
4
39,400.000
4
7,435,000
4
7,478,250
1,600,000
630,000
298,000
9,786,000
10,223.000
86,835.000
<
M
M
J
M
J
J
44 g J
3 4 g M
3H g J
6 g
J
8.680.000
11,143.000 4 g A 5 g A
al ,000,000
M
5
6
M
1.349.500
4 g
J
500,000
5
M
75.000
4 g
J
4,000.000
M
44
212.000
F
7
862.000
4 g
M
20,000,000
725,000
34 g A
4 g
M
6,000,000
2.546,000
O— F
5—M
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
800,000
M
4 g
s 4 g
C, f—M
c, I—M
3H g
3 H g
c 1—M
1,400,000
J—J
200,000
400,000
34
$377,1 00 bonds he id alive 1
PACIFIC & EASTERN RY—Owns Medford to 6 miles beyond Eagle
Point, Ore., 17 miles. To be extended 54 miles to Crater Lake; 14 miles to
Butte Falls under construction In Aug. 1910.
Acquired the Medford A
Crater Lake RR., bid In at receiver’s sale May 11 1907.
The Hill (Gt.
Northern) Interests own nearly all the stock, acquired in 1910, and, It is
stated also made an oiler to purchase the bonds.
V. 90, p. 1614; V. 91,
p. 946.
Stock authorized, $1,000,000; outstanding, $500,000; par. $100.
Bonds (Knickerbocker Trust Co., N. Y.. trustee) are subject to call after
June 1917 at 105; outstanding Sept. 1909, $300,000, $340,000 additional
being offered.
V. 84, p. 1552; V. 88, p. 1621. Pres., John F. Stevens;
V.-P., William Gerig; Sec., J. \\ Lawlor.—(V. 88, p. 1621; V. 89. p. 847;
V. 90. p. 1614; V. 91, p. 946.
Cambria A Clearfield RR.*
Belvldere Delaware RR.*
Phlla. A Long Branch RR
Delaware River RR. A Bridge*
Other lines (Ind. D. A R. Canal
66 m., and ferries, 2 m.)
Amount
Outstanding
Places Where Interest and
Dividends
See text
OWENSBORO & NASHVILLE RY.—Owns from Owensboro, Ky., to
Adairvtlle. Ky., 84 miles: Mud River branch, 4 miles.
Operated by
Louisville A Nashville RR., which owns the $1,156,525 stock (par, $100)
and the $1,200,000 first mortgage bonds—all these bonds and most of the
stock being pledged under Its trust deeds.
PAN-AMERICAN RR.
101
n
S
N
J
N
J
D
D
N
D
J
Aug
Sept
Sept
May
July
May
July
1910
1910
1910
31 ’10
1 1919
1 1919
1 1943
1 1945
1 1948
1 1921
June 1 1948
Junel 1913
Nov 1 1912
Oct 1 1915
July 1 1920
O July 1 1920
N
N
J
S
D
N
A
S
O
N
S
May 1 1928
May 1 1938
July 1 1936
Sept 1919
Junel 1928
May 1 1912
Feb 1 1917
Mch 1 1942
Apr 1 1930
Nov 1 1943
Sept 1 1914
Dec 1910
June 1911
Mch 1911-1912
July 1911-1912
sinking fund.
are
Payable
Office, Philadelphia
do
do
Farmers’ L A Tr Co. N Y
London, England
Penn Co for Ins, Ao, Phil
Provident L A T Co, Phil
Amer Ex Bk, NY- A Phil
Am Ex Bk. NY. Phil, Ac
Broad St Sta and London
Broad St Station, Phlla
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York and Phlla
Broad St Station, Phlla
New York A Philadelphia
Girard Trust Co, Phlla
Commercial Tr Co, Phlla
do
do
do
do
do
do
SECURITIES OWNED.—The total cost of these to Jan. 1 1910 was
$270,343,957; many of which are pledged to secure Pennsylvania Issues.
Revenue derived from these securities In 1909, $13,214,757.
DIVS. ’90. *91. ’92. *93 to’99. ’OO-May’06 Nov.
P.C.. 5H
0
6
5 yearly
6 yearly
3H
In 1893 paid also 2% in scrip.
’06 ’07. ’08.
7
Beginning 1910 dividends paid quarterly. V. 89,
6
p.
6
1909-1910.
To Aug, 4H
1224.
STOCK.—The stockholders March 10 1903 authorized an Increase in
stock from $251,700,000 to $400,000,000, to be made from time to time In
the discretion of the directors.
Of the stock, $20,980,350 was issued April
1903 In exchange for convertible debentures.
(See below.)
In 1903 sold
$75,094,750 new stock at $60 per $50 share.
V. 76, p. 383, 488, 594, 706.
1193; V. 77. p. 37. 770
Stockholders on March 12 1907 authorized increase of the stock and
bonds by $100,000,000 each, to be issued from time to time as required,
$60,000,000 3-year collateral trust 5% notes paid off Mch. 1910, forming
part of the $100,000,000 bonds and the $40,000,000 4s sold April 1908
the remainder.
V. 84, p. 103, 626; V. 86, p. 1043.
Stockholders were
offered the right to subscribe between Dec. 8 and 18 1909 pro rata to the
extent of 25% In new stock ($82,517,800) at par, payable on or before
June 1 1910, the proceeds to provide for the $60,000,000 5% notes maturing
March 15 1910 and $20,000,000 general 6s due July 1 1910.
V. 89, p. 1224,
1281, 1348; V. 90. p. 635.
BONDS.—Consolidated mortgage at 1873, see “Supplement" of Oct. 1901.
In April 1908 $40,000,000 4% consols were sold.
V. 86, p. 1043, 1101.
In 1902 were issued $50,000,000 10-year 3H% gold bonds, dated Nov. 1
1902, of which $39,787,000 had been converted In Dec. 1909 Into stock at
$70 per share and balance Is convertible at holders’ option at $70 per share
at anv time; they may be called for payment at 102 4 on any Int. day,
but
If called converted on basis stated.
See V. 74, p. 577; V. 87, p. 1421;
V. 90, p. 447.
In 1905 stockholders subscribed at par for part of $100,000,000 of 3 4%
-
Sid bonds, the balance being taken by a syndicate. The bonds are (since
:c. 1 1905) convertible at option of holder at any time Into stock at $75
per $50 share unless previously called for redemption on Dec. 1 1910, or
at any subsequent Interest period on 90 days’ notice, at par and Interest; but
when so called they may be converted up to 30 days
prior to the date named
in said notice for
redemption. A part of the proceeds was used to retire the
$27,480,000 6% bonds maturing June and July 1905: balance for improve¬
ments. See V. 80, p. 1112, 1236, 1913; V. 81, p. 1437; V. 90, p. 447.
As to new bonds authorized In 1907 and 1908. see STOCK above.
GENERAL FINANCES.—In 1901 obtained control of the Pennsylvania
and Cambria Steel cos.
See “Industrial cos.” and V.72,p.l280; V.82,p.805.
On Nov. 27 1910 the company expects to open Its passenger electric
tunnel railroad from Harrison, N. J., under the North River to a central
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, under the name of Pennsylvania Tunnel A Terminal RR.
Service from N. Y. station to Long Island City was begun Aug. 8 1910.
V. 91. p. 397, 946.
The tunnel will afford entrance into New York City for the Penn¬
sylvania Railroad and the Long Island Railroad, permitting through
trains by rail direct from the South and West to ail points In New England
via the bridge from Mott Haven to Long Island, which is to be built by the
N. Y. Connecting RR.; see V. 86, p. 608; V. 87, p. 813, 1238; V. 88, p. 631;
V. 89, p. 666, 919; V. 90, p. 635.
In June 1906 the Issue of $50,000,000 (250.000,000 francs) French loan
(Penn. Co. guar. 3 4% bonds) was sold to pay part of cost ($42,000,000)
of equipment and completion of the water-supply system.
In April 1908 $40,000,000 4% consols were sold to provide for completion
of New York terminals and other construction work.
V. 86, p. 1043, 1101;
V. 88, p. 631.
In May 1909 $8,100,000 and in May 1910 $11,000,000 4%
general freight equip, trust ctfs. were sold. V. 88, p. 1254; V.90, p. 1425.
On Dec. 31 1909 the Pennsylvania C mpany held (V. 86, p. 1281) the
subjoined amounts of the following Issues (compare table above), received
In whole or In part In connection with aforesaid French Issue.
Pa.Steel Roll. Stk.Tr.4%.$1,500,0001 Penn. Gen. Frt. Eq. Tr.
Pa. Steel Frqlght Car Tr.
I 4% ’07, $100,000,000-113.600,000
4% gold
5,300,0001 Pennsylvania RR. Water
Pa.Steel Eq.Imp.Tr.4%__ 6,000,000|
Supply Trust 4%
7,000,000
As to $100,000,000 equip, trust auth. in 1907, see V. 84, p. 231, 340.
In Sept. 1906 about half of the company's holdings In Baltimore A Ohio
(see that company) and Norfolk A Western stock were sold, realizing about
$50,000,000, the N. A W. sold stock (about $16,000,000) being re-purchased
In April 1909, and In Mch. 1910 additional amounts had been acquired,
making the total owned, it Is understood, 51% thereof; also in D«c. 1906
sold $15,630,000 Ches. A O. stock.
V. 83, p. 562, 1412; V. 85, p. 655;
V. 90, p. 628.
In 1910 purchased $5,000,000 New York New Haven A
Hartford stock, Increasing holdings to $6,000,000.
V. 90, p. 1425.
In Nov. 1906 the dividend rate was Increased from 6% to 7^6, but In
May 1908 again reduced to 6%.
On Feb. 1 1908 passenger rates were re¬
stored to old basis, the 2-cent law In Pennsylvania having been declared
unconstitutional.
V. 86, p. 230, 286.
Increase In stock and bonds auth. 1907 and 1909, see “Stock" above:
$82,517,800 stock sold Dec. 1909.
LATEST EARNINGS.—Jan. 1 to Aug. 31 (8 mos.), directly operated:
Lines east of Pittsburgh! 1910
Gross, $108,180,513; net, $28,645,524
and Erie
J1909
Gross,
96,603,813; net, 27,135,024
Lines toes* of P. A E.,inc. or dec. Gross.lnc.,$11,066,600; net,Inc.,$1,249,000.
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Annual meeting is
held at Philadelphia on second Tuesday In March.
The report for 1909 was
given in V. 90, p. 620, 634; see also editorial, p. 591.
EARNINGS OF ALL LINES BOTH BAST A WEST OF PITTS. A ERIE.
Year ending Dec. 31—
1909.
1908.
Gross earnings
$315,406,804 $276,780,314
Net earnings (over taxes)
86,263,213
71,392,227
-
102
RAILWY
STOCKS
AND
BONDS.
[Vol.
©
8
RAILWY
STOCKS
AND
BONDS.
103
104
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Date
Miles
Road
[For abbreviations. Ac..
Bonds
Pennsyl vanla RR—(Concluded) -
Penn steel car trust gold $300,000 paid yearly.
i
Penn steel equipment trust cold $500.000|
paid yrly
do
" do
do
$500,000 paid yrly
do
rolling stock trust gold $500,000 pd yrly
do
do
do
$200,000 pd yrly
do
do
do
$300,000 pd yrly
Pennsylvania Steel freight
do
do
1902
1902
1903
1903
1903
1905
1905
1906
1906
1906-7
1910
1892
1893
1881
1897
1901
oar trust
do
Pennsylvania Steel equipment Improvement trust.
Pennsylvania general freight equipment trust
do
g gu pAi due$l,100.000yly(V90,pl425)FPr
Delaware Avenue Bloodgood property
r
Penn RR real estate purch money gold M__F.c*Ar
Pennsylvania Company—Bonds gold guar
c*Ar
Guar tr certs $20,000,000 g gu Pa RR Ser A ---—r
do
do
do
SerB-GP.c*.
do
do
SerC—-_c*
do
do
do
do
do
Ser D
GP
do
do
Gold loan $1,334.000 drawn yrly g gu Pa RR---dP
Gold loan red after 15 yrs (guar V 83 p 1229) _QP.c*
French loan 250.000.000 fr guar red from 1918..GP
Penn Monongahela & Sou—1st M $1,000,000 g----GP
1902
1904
1901
1906
1906
1908
Pennsylvania & North Western—See Cambria A Clear field R
47
Peoria & Bureau Valley—Stock rental (see text)
202
Peoria & Eastern—Ind Bloom A W 1st M pf-_Ce.c&r
342
Ohio Indiana A West 1st M pref gold lnt guar.Ce.c*
342
Peo A E 1st (cons) M $10,000,000 lnt guar
Ce.c*
342
Income mortgage non-cumulatlve
Ce.c
20
Peoria & Pekin Union—First mortgage gold
Ce.c
20
Second mortgage gold
Ce.c
Peoria Ry Term—First M gu g red 102 beg 1917. IC.c*
Par
Value
Amount
Outstanding
$1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
$600,000
1.500,000
1,500,000
1,500,000
600,000
1,500.000
3.500,000
2,000,000
6.000.000
24.800.000
11,000,000
134.000
2.000.000
19.467.000
4.602.000
9.145,000
4.727,000
9,890,000
7,994.000
20.000.000
48.262,548
635.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 fr Ac
1879
1888
1890
1890
1881
1885
1907
100
100 Ac
500 Ac
1,000
1,000
1.000
1,000
1,000
985.100
500,000
8.500,000
4.000.000
1,495.000
1.499,000
944.000
100
100
100
14.295,830
11.157,600
905.560
1,000
208, 00
10.106,000
5.000.000
Second mortgage
NB.c*
491
1905
1907
1881
1,000
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
1909.
3,841
73,472
446,801
Rents
.
.
lnt.
on
1908.
1907.
3,858
3,862
$153,564,527$136,296,871$164,812.825
41,661,367
13,214,757
331,172
211,110
1,674,120
mtges. and ground rents..
.
Equipment trust loan sink. fund..
Miscellaneous..
Consol, mortgage sink, fund, Ac
34,895,878
11,287,744
213,603
301,576
2,143,439
248,717
193,623
41,226,313
10,440,955
234,472
718,118
2,095,112
195,770
109,680
$57,612,799 $49,284,580 $55,020,420
$7,656,937
$6,437,357
$9,126,234
12,961,423
13,760
5,137,460
96,100
185,742
12,620,296
14,030
5,601,693
79,797
123,013
10,412,488
7,955
4,782,686
101,937
164.758
.$26,051,421 $24,876,186 $24,596,058
.$31,561,378 $24,408,394 $30,424,362
$218,426
$197,321
$270,302
137,000
137,280
133,550
5,581,810
3,538,981
3,260,651
19,173,742
18,875,680 21,908,435
6%
6%
7%
4,000,000
1,000,000
2,000,000
2.500.000
.
.
Per cent.
N. Y. Tui
Oct 1911-1912
Dec 1910-1912
Mch 1911-1913
Commercial Tr Co, Phlla
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Fidelity Trust Co. Phlla
New York and
Phlia.
.
.
$31,110,978 $23,749,263 $28,072,938
$450,400
$659,131
$2,351,424
$25,149,688 $24,254,800 $24,725,484
OFFICERS.—Pres., James McCrea; 1st V.-P., Charles E. Pugh; 2d V.-P.,
Samuel Rea; 3d V.-P., J. B. Thayer Jr.; 4th V.-P., Henry Tatnall; 5th
V.-P. and Gen. Mgr., W. W. Atterbury; Treas., J. F. Fahnestock; Sec.,
Lewis Nellson.
New York office, 85 Cedar St.
1911-1913
1911-1913
1911-1915
1911-1915
May 1911-1920
Sept 1 1912
May 1 1923
July 1 1921
Sept 1 1937
Feb
1 1941
Dec 1 1942
Deo 1 1944
Nov 1 1916
Philadelphia
Farmers1 L A Tr Co, N Y
National City Bank. N Y
Union Tr, N Y; A Phlla
lAmer Ex Bk. N Y, AJ
/Girard Trust Co, Phlla\
Phlla, Pa, and New York
New York A Philadelphia
Girard Tr Co. Phlla AN Y
Cred Lyon, Ac, Paris, Fr
Philadelphia. Pa
Apr 1 1931
June 15 1921
Jan 1 1948
Aug 10 1910 4% First Nat Bk, New York
J P Morgan A Co. N Y
Apr 11940
1 1938
do
1940
1990
1921
1921
1937
2007
280.000
Pare Marquette—Common stock
First pref (also as to assets) 4% cum after 1910
Second preferred 4% non-cumulatlve
Outstanding stock of constituent companies
Refund M $60,000,000 g
Ce.xc*Ar
Year endina Dec. 31—
Miles operated
Gross earnings
Net earnings (over taxes)
lnt. on Pa. RR. investments
lnt. on United N. J. securities
lnt. for use of equipment
Interest general account
General lnt. and miscellaneous
Places Where Interest and
Dividends are Payable
June 1911-1916
Jan 1911-1916
To Nov. t917
1,500,000
LXXXXI.
Last Dividend
and Maturity
May
Aug
May
Sept
y.
-
Debentures $5.000,000
Chic A West Mich 1st M
[VOL.
Jan
4% paid April 1 1910
Central Trust Co, N Y
do
do
New York
1 1955
J P
July 1 1912
5,758.000
Dec
do
do
do
Morgan A Co. N Y
do
do
J P Morgan A Co, N
1 192!
Y
REPORT.—Report for year 1909 In V. 90, p. 1421. In 1909, gross earn¬
ings, $48,631,988; net, $12,652,523; other income. $11,114,007; interest,
rentals. Ac., $12,884,863; loan ctfs. redeemed, sink, fund, Ac., $2,545,760;
dividend (8%), $4,800,000; extraordinary exp. fund, $2,500,000;
bat., sur.,
$1,035,907.—(V. 90. p. 237, 303. 914, 1421; V. 91, p. 946.)
PENNSYLVANIA MONONGAHELA &. SOUTHERN RR.—Owns from
bank of Monongahela River, about 4 M miles southwest of West
Brownsville Station. Pa., along west side of Monongahela River, to mouth
of Little Whltely Creek, 18 miles. Stock, $650,900 and $635,000
bonds,
owned by Pennsylvania RR.
Bonds, see table above.
Year 1909, gross,
$25,450; op. def., $172; other Income, $1,060; charges. $25,009; bal., def.,
$24,121.—(V. 86, p. 982.)
west
PEORIA & BUREAU VALLEY RR.—Peoria to Bureau Jet., III., 47
Leased In 1854 to Chicago Rock Island A Pacific Ry for $125,000
yearly; dividends, usually 8% yearly, occasionally more; Feb. 1908, 1%
miles.
extra.—(V. 86,
p.
169.)
PEORIA & EASTERN RY.—(See Maps N. Y. Cent. A Hudson River RR.)
—Owns from Pekin, Ill., to Indianapolis, Ind., 202 m., and has alien of $5,000.000 on Springfield Division, Indianapolis to Springfield, Ohio, 141 m.;
trackage, Pekin to Peoria. 9 m.; total operated. 352 miles.
LEASE, Ac.—Formerly Ohio Indiana A Western, sold in foreclosure In
1890, reorganized per V. 49, p. 616.
Leased till April 1 1940 to Clev. Cln.
Chic. A St. L., which guarantees Interest, but not principal, of the 1st con¬
sols and the underlying bonds, and owns one-half of the $10,000,000 stock,
par, $100. See “Supp. of Jan. 1894 as to provisions respecting any surplus
over charges.
Company owns $125,000 stock of the Peo. A JPekln Union
Ry., on which i6% yearly was paid 1895-1902 and 5% In 1905. V. 74, p. 152.
BONDS.—See abstracts of mtges. of 1890 In V. 51. p. 246, and of Ohio
Ind. A West, mtge., V. 47, p. 201.
INCOMES.—Dividend on lnoomes. 4% yearly, paid April 1 1902 to 1908
both Inclusive; 1909, none; 1910, 4%.
•
EARNINGS.—8 mos.,/1910
Gross. $2,203,037; net, $590,852
Jan. 1 to Aug. 31.
\1909_.
.Gross,
1,867,400; net.
512,292
REPORT for 1909 was In V. 90. p. 699.
Cal. Year—
Gross.
Net.
other Inc. *Charges.
Balance.
1909
$3,026,856
$792,118
$18,824
$759,210 sur.$81,732
1908
2,728,154
630,004
18,842
684,318
def.35,472
•
Includes $160,000 (4%) lnt. on Incomes In 1909.—(V. 90, p. 447, 699.)
*
DeWItt Cuyler. Jas. McCrea, Lincoln Godfrey, John P. Green. Charles E.
Pugh, Samuel Rea, John B. Thayer.—(V. 91, p. 655, 946, 1026.)
PENNSYLVANIA COMPANY.—(See Maps Pennsylvania RR.)—Oper¬
ate all the Pennsylvania Railroad lines west of Pitts.
Owns none In fee,
Leased by transfer from Pa. RR.:
Controlled by stock, Ac.:
Miles
Miles. Pitts. Cln. Chic. A St. L- _*1.411.. 8
Plttsb. Ft. W. A Chicago
*470.53 Cln. A Muskingum Valley
*148.46
Massillon A Cleveland
12.23 Waynesburg A Washington.
28.16
Erie A Pittsburgh..
*82.97 Cln. Leb. A Northern
45.44
Cleveland A Pittsburgh..—*205.50 Grand
431.64
Rapids A Indiana
Leased directly by Pa. Co.;
Musk. Gr. Rap. A Ind
36.85
Pitts. Youngs. A Ashta. Ry_*137.54
Traverse City RR
25.86
Toledo Wal. Val. A Ohio
*234.26
Cln. Rich. A Fort Wayne. *85.83
Controlled by slock or otherwise:
Vandalla RR
......*655.30
Cleveland A Marietta
*103.68 Terre Haute A Peoria RR... 145.12
Pitts. Ohio Val. A Cine
15.09 Cleve. Akron A Columbus
195.82
-
Marginal RR., Beav. F., Pa.
South Chic. A Southern
Branches W.N.Y. A Pa. Ry_.
Youngstown A Ravenna.
3.53
23.07
51.52
2.28
Total Penna. Co. lines—1,342.20
*
See this company.
Wheeling Terminal Ry
9.65
2.46
Louisville Bridge.
Controlled Jointly;
Centra) Indiana.
Pitts. Chartlers A Yough
Tol. Peoria A Western
*117.58
*19.69
*230.70
169.81
Trackage
Total of all lines.
5,102.35
ORGANIZATION.—Chartered in Penna. April 7 1870. Its $80 000 000
stock is owned by the Pennsylvania Railroad.
On Dec. 31 ’09 the Penn.’Co
owned sundry stocks and bonds having value per balance sheet of $173
781,951; and yielding In 1909 income of $10,671,710.
V. 84, p. 928.
-
DIVS.— 1 ’94. ’95-’00. '01. ’02. *03. ’04. ’05. ’06. ’07. ’08. ’09.
Per
cent.../
4
None.
33455677
8
1910
June, 3
BONDS.—The gold bonds of 1921 are secured by leases of P. Ft. W A
O.. the Cleve. A Plttsb. and Erie A Plttsb. railroads and of bonds and
stocks having a par value In 1909 of $25,030,600, as well as real estate.
Guaranteed trust certificates, “A," ‘’B,” “C” and “D” were Issued
by
Girard Trust Co.. Philadelphia, as trustee, under a deed of trust
made by
the Penn. Co. and the Penn. RR. Co., whereby the Penn. Co. has
pledged
an equal amount at par of the 7% guar, special stock of the
Plttsb. Ft. W
A Chic. Ry Co
Of the $20,000,000 In series A, B and C, the sinking fund
had retired $1,526,000 to Dec. 31 1909.
See V. 65, p. 368, 572. 1116V. 67,
p. 122: V. 72, p. 339, 490: V. 79, p. 2457.
The 3 H % gold loan of 1901 was issued to pay for
acquisitions of stocks of
the Pennsylvania and Cambria Steel companies.
They are guar., p. and I.,
by Penna. RR.. and are subject to call for redemption Nov. 1 annually
hy lot at par In 15 equal drawings.
V. 73, p. 843, 957.
Collateral Mch. 31
1910, $11,200,000 P. C. C. A St. L. Ry. pref. stock.
The $20,000,000 gold loan 4s of 1906,
guaranteed, were at Mch. 31 1910
secured by deposit of $12,500,000 Pitts. Cln. Chic. A St. Louis
common and
$10,900,000 pref. stock, $4,000,000 Vandalla RR. stock and $1,000,000
Filt8.^y^!}gst?wn * Ashtabula pref. stock; total par value of collateral,
}28,400,000.
V. 82, p. 335; V. 83, p. 1229. Car trusts Dec. 31 1909,
$7,112,210.
p.
The 250.000,000 French franc 3 H% guaranteed loan of 1906 is
payable,
A I.. In francs.
Denomination 500 and 2.500 francs.
V. 82. p. 1439
E
net, $18,678,107
July l to June 3k. \ 1908-09Gross, *53.563,187;
41,681,765; net,
xSS^^ T18
14,796,181
PEORIA & PEKIN UNION RY—Owns Pekin to Peoria, on both sides
of Illinois River, and yards at and opposite Peoria.
Mileage main track,
18.14; second main track, 8.80; total main track, 26.94 miles.
Mileage of
side and yard tracks. 67.38.
Capital stock, $1,000,000. Owned by Peoria
A East. (Clev. Cln. Chic. A St. L. system). Chic. A North Western, Chlo.
Peo. A St. L., Ill. Central system. Lake Erie A Western and Tol. Peo. A
West companies.
Dividends 1895-1902, 6% per annum: 1903. 4%: 1905.
5%. For calendar year 1909, gross, $821,717; net, $236,082.
Earnings for
year ending June 30 1908, gross, $1,042,415; net, $291,580; int. and taxes,
$224,163.
Pres., H. K. Pinkney.—(V. 85,
p.
577.)
PEORIA RAILWAY TERMINAL CO.—Owns terminal road between
Peoria and Pekin, III., 8 miles, over private right of way, and local lines;
total, 21 miles; 29 4 miles of track.
Has rights over 5 miles
70-lb. rails.
of local street railway In Peoria,with privilege of transferring over 46 miles
additional.
Freight and through passenger business handled by steam.
Local passenger business in ana between Peoria. Pekin and Crescent by
electricity.
Has union depots in both Peoria and Pekin.
Owns a 1,000-ft.
steel drawbridge over the Illinois River.
Franchise perpetual.
Successor
to Peoria A Pekin Terminal Ry., foreclosed Feb. 9 1907. Stock, $1,000,000,
all owned by Chicago R. I. A Pac. and ChlcagoA Alton, which guarantee
the 1st M. bonds, prln.and lnt.
Form, V. 85, p. 161.
For year ending
June 30 1909, gross, $158,049; oper. Income (after taxes), $1,863; int.
charges, $46,174; bal., def., $44,311.
Pres., W. T. Irwin; V.-P. and Sec.,
T. A. Grier; V.-P. and Treas., E. A. Burrill.—(V. 91, p. 215.)
PERE MARQUETTE RR .—The road Includes:
Lines owned—
Miles.
Alexis (near Toledo) to LudlngTrackage—
387 St. Thomas, Ont., to
ton, on Lake Michigan
Miles.
Internat’l
132
Bridge and Niagara, N. Y
Plymouth to Bay View, Mich—412
114
Porter, Ind., to Gr. Rap., Mich..138 Other trackage..
Controlled—
Saginaw to Port Huron
90
199
Pt. Huron to Grindstone City
126 Lake Erie A Det. RIv
Grand Ledge to Big Rapids
24
142 London A Port Stanley
34
127 La Cross to Mich. State Line
Allegan to Pentwater
Sarnia to Rondeau
72
Total
Other lines, branches, Ac
2.365
368
Operates car ferries Ludington to Milwaukee and Manitowoc. Of the
2,365 miles, 34 miles, Lawton, Mich., to South Haven, are leased to the
Kalamazoo Lake Shore A Chicago Ry. for 25 years from April 15 1907
A 99-year agreement for trackage with the Mich. Cent, and Can. South
from St. Thomas, Ont., to Internat. Bridge and Niagara, 132 m.,extends the
line easterly to Buffalo, from July 18 1904.
V. 77. p. 2097; V. 78, p. 2600.
;c. 11 1907 as a reorganization without
ORGANIZATION.—Formed De<
l, 100, of the old Pere Marquette, which
plan In V. 85, p. 41,
consolidated with the Pere Marquette RR. of Indiana, the lease to the
Cln. Ham. A Dayton being canoeled.
(V. 85, p. 1519.)
foreclosure per
.
.
was
STOCK.—The preferred consists of two classes, viz.: 4% first pref.
itock. cum. after 3 4 years, with preference also as to assets, and 4% noncum. 2d pref. stock, not preferred as to assets.
The Cincinnati Hamilton A Dayton owns $11,000,000 of the stock.
BONDS.—The refunding 4s of 1905 ($60,000,000 auth. issue; outstanding
$12,230,000, of which $9,207,000 are guar, by the Cln. Ham. A Dayton,
prln. and int.
V. 80. p. 163; V. 89. p. 1668.
Oct., 1910. J
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
Road
[For abbreviations, Ac.,
Date
Bonds
Par '
Value
Pere Marauette (Concluded)—Underlying Bonds—
Det G R 8b W 1st cons (now 1st) M law money.OB.c*
373 1897
$500 Ac
Flint 8b Pere Marq mtge ($1,000,000 are 4s) gold__c
•286 1880
1,000
First consolidated mortgage gold
Ce.c*
404 1889
1,000
Pt Huron Dlv first mtge ($3,500,000) g
238 1889
Ce.c*
1,000
Toledo Division first mortgage gold
IB.c*
19 1897
1,000
Ch 8b N M 1st M gu p 8s 1 end by Ch 8b W M—OB.c*
89 1891
1,000
Equipment notes due $650,000 yearly
FC
1908
1.000
Pere Marquette consol M $50,000,000 auth.F.c8Br
1901 1,000 Ac
Lake Erie A Detroit Riv Dlv coll tr M gold
G
199 1903
1,000
Collateral trust mortgage gold call par..
1903
Saginaw Tus 8s Huron first mtge assumed
N
66 1900
1,000
Grand Rapids Beldlng 8b Sag 1st M assumed
28 1899
1,000
Pere Marquette of Indiana caU105 assumed
K.c* Text
1903
1,000
Kleybolte equipment notes
1905
RW'lnthrop&Co eq notes g$76.000 due s-a(V79pl642
1904
1,000
Pullman Co car lease notes due monthly
*06-10
Am Car 8b Fdry Co equip notes $40,000 due semi-an
1908
L E 8b D R equip bonds last Installment
1904
Locomotive equfp tr notes gu Am Loco Co due qu__
1910
Locomotive equip tr notes gu Am Loc Co due qu.c
1910
Perkiomen—1st M Ser 1 (1st loan) g gu p a l..PeP.c*
38.3 1888
100 Ac
First M Ser 2 (2d loan) g guar p 8bT (end)...PeP.o*
38.3 1888
1,000
Peterborough RR—Stock (rental 4%)
100
Petersburg RR—See Atlantic Coast Line RR
Phlla & Balt Cent—1st M $2,500,000 ($1,200,000 4 Xs)
74
1881
1,000
Phila Baltimore & Wash—Stock auth $25,350,450...
50
P W A B (old Co) plain bonds.. 1
1
Plain bonds
| All secured |..r
1887
1.000
Plain bonds
)
L.r
1887
by 1903
1,000
Plain bonds gold
1891
J mortgage. |..r
1,000
Plain bonds gold
J
J__r
1892
1,000
Balt 8b Potomac 1st M (tun) gold s f not drawn..xc*
ih 1871
1,000
First mtge road guar gold sink fd not drawn..xc*
92 1871
1,000
First mortgage $20,000,000 gold
_G c*8br
214 1904 1,000 Ac
Plain bonds gold due $500,000 yearly
c*
1909
1,000
Phila & Ches V—1st M pref ola 5s red '96 gold.PeP.c*
1888
500
First mtge old 4s not pref lnt reduced In *96 g.PeP.c*
1888
500
.......
Amount
Rate
When
Outstanding
%
Payable
4
A O
$5,379,000
A
5,000,000 4 g A 6 g A A O
5 g
MAN
2,850,000
5 g
A
A O
3.325.000
5
J
A
J
400,000
g
5
MAN
1,667,000
6
MAS
1,300,000
4 g
A
J
J
8,382,000
3,000,000
4H g F A A
4 g
J
A
2,870,000
J
4 g
F
A A
1,000,000
5
MAS
260,000
g
4 g
MAN
675.000
.
412,461
608,000
2.852,406
280,000
—
....—
—
....
...
—-
«®
» —»
.
The $5,000,000 6% 5-year debentures were Issued to
pay the floating
debt, receiver's certfs. and other corporate purposes. V. 55.
p. 1402.
The collateral trust gold bonds of 1902 (limited to
$2,870,000) are secured
by the entire capital stock (81,400,000) of the L. E. A Det. Rlv. Ry.,
the
National Trust Co., Ltd., of Toronto, being trustee, and are
subject to call
on any Interest day on 80 day's notice.
V. 75, p. 1802; V. 70. p. 218.
Lake Erie A Detroit River Division mtge., V. 78, p.
1356; V. 77. p. 89.
Pete Marquette RR. of Indiana 4s of 1903 were assumed on consolidation
Dec. 1907.
V. 76. p. 919, 1198; V. 85, p. 469, 1519.
Marq. A Bes. Dock 8s Nav. 1st gold 4Xs, due April 1 1933,8396,000. are
guaranteed jointly by P. M. and Bess. 8s Lake Erie. They are subject to
call in whole or in part at 105, and 1% must be called yearly
for the s. f.
at the same price, if not purchasable at a lower
figure. V. 76, p. 480, 594,
706, 922, 1034.
Form of guaranty, p. 1356.
Also guarantees $100,000
M. 8s B. D. 8s N. deb. 5s. due Jan. 1 1935; debenture 5s of
1905, V.82,p.l61.
The $1,950,000 equip, trust 6s of 1908 are In two series:
"A," $750,000,
and "B,” $1,200,000, maturing one-quarter yearly, and are secured
by
equipment costing $5,503,996 In 1903-04 and deposit of $375,000 refunding
48, vis., $200,000 for “A" and $300,000 for “B” certificates. V. 86, p. 548,
Of the $177,956 locomotive trust 5s of 1910 $15,000 mature
721, 920.
quarterly to July 1 1913. V. 91, p. 946.
EARNINGS.—For 2 mos. ending Aug. 31:
2 Months—
Gross.
Net.
Other Inc.
Charges. Bal., Sur.
1910
$2,824,152
$806,161
$12,703
$818,596
$268
1909
2,568,029
771,857
11,920
710,477
73,300
REPORT.—For year ending June 30 1910, V. 91, p. 1092.
Year ending June 30—
1909-10.
1908-09.
1907-08.
Operating revenue
$16,542,271 $14,629,827 $13,753,982
Operating expenses
11,694,842
10,581*580 10,545.988
Taxes
755,641
576,893
553,239
Other income.
Rentals
Interest
Interest
on
on
bills payable
receivers’ certificates
$4,087,788
16,820
$3,471,354
238,209
$2,654,755
502,373
$4,070,968
$2,898,793
$3,709,563
$2,941,151
699,066
$3,157,129
$2,731,618
674,433
41,763
102,981
676,589
25,047
825
11,690
17,005
Balance, 8urplus„or deficit
sur.$469.714 sur.$40,651 def.$393,667
DIRECTORS.—Charles Steele, Geo. F. Baker, Norman B. Ream, Geo.
W. Perkins, W. R. Cross, Frederick W. Stevens, E. R.
Bacon, L. E.
Loree, Daniel Willard of New York; Francis R. Hart and Fredk. H. Prince
of Boston; O. G. Murray and Geo. F.
Randolph of Baltimore; William
Cotter and Henry B. Ledyard of Detroit.
Pres., William Cotter.—
(V. 89, p. 1543, 1598, 1668; V. 90, p. 303, 772; V. 91, p. 946, 1092.)
PERKIOMEN RR.—Owns from Perkiomen Jet., Pa., to Emaus Jet., Pa.,
88.3 m.
Stock ($1,500,000, par value of shares, $50) owned
by the Read¬
ing Co. and mostly deposited under Its Jersey Cent, collat. 4% mtge .of 1901.
V. 72. p. 283.
Reorganized In 1887. In year 1906-07, gross, $571,159;
net, $349,747; Interest and taxes, $108,230; dividends (7%), $105,000;
perm, improvements. $10,856; bal., sur.. $125,662.—(V.
72. p. 283.)
PETERBOROUGH RR.—Wilton to Greenfield. N. H., 10« miles.
Leased April 1 1893 to Boston A Lowell for 93
years at 4% on stock and ex¬
penses.
Capital stock, $385,000; par. $100; div., A. A O.
PHILADELPHIA & BALTIMORE CENTRAL RR.—West Phlla. to
Octoraro Jet., Md., 63 m.; Wawa to west Chester. Pa.,
9 m. (double track,
11 m.); branch. 2 m.; leased, Chester Creek
RR., 7 m.; Phlla. Balt. 8b Wash,
holds $2,497,180 of the $2,499,174 stock.
For 1909 gross earnings $1,293,
048; net (Incl. other Inc.), $192,635; charges,
_
$218,960; bal., def., $26,325.
PHILADELPHIA BALT. & WASHINGTON RR.—(See Map Penn.BR.)
Lines ownedMiles.
Phlla. to Washlm
ngton, D. 0., via
Balt. all( dou_
lble track)
135
Bowie to Pope's Creek, Md
49
Branches to Delaware City, Ac_„ 43
Total
Lines controlled, leased, Ac.—
Phlla. 8b Balt. Central*
Delaware RR.*
Delaware Md. 8b Va.*_.
Other lines (5)
(*see this oompany)
80
249
98
54
708
ORGANIZATION.—A consolidation Nov. 1 1902 of the
Wilmington 6b Baltimore RR. and Baltmore 8b Potomac RR.Philadelphia
V.
395, 1032; V. 82, p. 510. See Washington Terminal Co. on another 75. p
page.
..STOCK. Stock, authorized, $25,350,450; outstanding Jan. 1 1910.
$25,138,000. of which Pennsylvania RR owned $25,135,475.
Dividends since consol., Dec. 31 1902 to June 1910 4%
yearly (s-a).
BONDS.—The first mortgage of 1904 ($20,000,000 authorized) Is a first
lien on the
Philadelphia-Baltimore division. 117 miles, all double-tracked,
and also secures
pari-passu the $4,930,000 debentures of the former P. W. 8b
B.(see p.4 of “Supp.'*of Apr.1895), and Is a second lien on the line from Bal¬
timore to Washington.
Of the bonds, $10,570,000 were sold, the balance
being reserved to retire the debentures and Baltimore 8b Potomac bonds.
V. 78, p. 49.
Mortgages, 8bc., 1909, $359,623.
The $5,000,000 serial 4s of 1909 are to be secured
by any new mortgage
V. 84, D. 1368; V. 85,
p 284; V. 87, p. 1605.
EARNINGS.—8 mos.,/1910
Gross, $12,596,616; net, $2,894,420
Jan. 1 to Aug. 31.
11909
Gross, 11,494,016; net, 2,750,120
REPORT.—Report for year ending Dec. 31 1909 in V. 90, p. 841
mYear ending Dec. 31—
1909
1908.
1907.
1906.
Gross earnings
$17,543,373 $16,126,570 $17,255,572 $15,941,241
Operating expenses
$13,059,390 $12,285,374 $13,456,231 $11,599,989
Rentals on basis net earn. 1,059,690
937,798
747,296
832,987
Net—
$3,424,293
$2,903,398
$3,052,045
$3,508,265
105
8.000
115,000
165,000
799.600
1,125,000
385,000
4 H
4H g A
6
5
ft
5
5 g
5 g
4
Last Dividend
and Maturity
Places Where Interest and
Dividends
Apr 1 1946
Oct
are
Payable
Second Nat Bank. Bost
J P Morgan A Co, N Y
Central Trust Co, N Y
J P Morgan A Co. N Y
International Tr Co, Bost
Second Nat Bank. Bost
J P Morgan A Co. N Y
do
do
do
do
1 1920
May 1 1939
Apr 1 1939
July 1 1937
May 1 1931
Mcb 1 *11-*12
Jan 1 1951
Aug 1 1932
Jan 1 1923
Aug 1 1931
Men 1 1924
Peoples’ State Bk„ Det't
J P Morgan A Co. N Y
International Tr Co. Bost
J P Morgan A Co. N Y
May 1 1943
April 1 1916
A
O Apr »ll-Oct *14
To June 15 1915
A
A O To Apr 1 1914
MAS To Mch 1 1911
Q—J
To Jan 1 1913
Jan ’ll-July ’13
Q—J
Jan 1 1918
Q—J
Jan 1 1918
Q—J
A
A O Oct 1910 2%
R Wlnthrop A Co, N Y
Pullman Co., Chicago.
Bankers' Tr Co, New Y’k
Detroit Tr Co, Detroit
Harvey Fisk A Sons, N Y
Harvey Fisk A Sons, N Y
Reading Terminal. Phlla
do
do
Nashua, New Hampshire
2,200,000 AHA 5 MAN Nov 1 1911
Penn RR Co. Phlladel
25,138,000 4 In 1909 J
A D June3019l02% Broad St Station, Phlla
1.000,000
1.000,000
930,000
1,000.000
1,500,000
3,000,000
11,570.000
5,000,000
280,510
100,000
Year
Int.
on
4
4
4
4
6
6
4
4
4
A
A
O Apr
1 1917
Off, Phil; Kidd. Peab.Bos
Broad St Station, Phlla
MAN Nov 1 1922
g
g
g
g
g
g
g
3 g
J
A
J
A
A O
J
A
J
A
A O
MAN
J
A
J
A
A O
A
A O
ending Dec. 31—
Investments, 6sc.
Total net Income
Fixed rentals
Interest on bonds
Ground rents. 8bc
Other Interest
Taxes
Rent, equipment, Ac
Dividends (4%)
Extraord. expenditures.
Balance, surplus
Jan
Oct
1 1926
1 1932
July 1 1911
Apr 1 1911
Nov 1 1943
Jan 1 '15-’24
Apr 1 1938
Apr 1 1938
1909.
do
do
do
do
/Nat Mech Bank, Balto
A London
1
Am Ex N Bk. NY; A Ph
Broad St Station, Phlla
Reading Terminal, Phlla
do
1908.
1907.
$ 830,757
$739,201
$743,051
$4,255,050
1,100,000
$3,642,599
$20,938
900,000
17,175
15,090
552,366
460,147
1,005,519
622,281
$3,795,096
$41,781
900,000
316,333
526.564
424,057
1,005,519
433,513
15,675
$482,472
686, 743j V. 90,
-(V. 87, p. 415, 1605; V. 88, p
14,496
303.703
498,564
65,200
972,630
998.720
p.
do
1906.
$776,556
$4,284,821
$49,785
900,000
12,747
157,308
373,702
8,728
939,742
1,842.810
841.)
PHILADELPHIA
Downlngton,
to
In common,
lng
$550,ooo; pn
Company
owns $454,450 common and $205,100 pref., $450,000 common
and $205,100 pref. being deposited under Its gen. mtge. of 1897.
Reading
Co. guarantees bonds, with lnt. reduced.
See V. 63. p. 1064.
PHILADELPHIA & ERIE RR.—Merged in Penn. RR.—Y. 86. p. 1590.
PHILADELPHIA & FRANKFORD RR.—Owns from Crescentvllle to
Frankford, Pa., 2.71 miles; 2d track, 0.10 m.: total tracks, 4.31 miles. The
$500,000 stock Is owned by Reading Co., of which $498,950 Is
deposited
under Its mortgage of 1897; prln. and 4% Int. is guaranteed
by Reading Co.
Leased to Philadelphia 8b Reading Ry. for 999 years from
July 1 1907 for
interest on $500,000 first mortgage bonds and $102,919
outstanding obliga¬
tions, any excess of net earnings to be applied to reduction of
latter, and thereafter to dividends on stock.
(V. 67, p. 1358. 1357.
principal of
PHILADELPHIA GERMANTOWN & NORRISTOWN RR.—IPhlla., Pa.
to Norristown and Germantown, Pa., 20.96
miles, second track. 20.35 m.,
3d track, 3.02 m.,*total track, 95 miles, leases Plymouth
RR., 9 m. Leased
on Nov. 10 1870 to Phlla. 8b
Reading for 999 years; rental, $277,623, In¬
cluding $8,000 yearly for organization expenses.
PHILADELPHIA HARRISBURG & PITTSBURGH.—See
page 165.
PHILADELPHIA NEWTOWN & NEW YORK RR.—Philadelphia to
Newtown.
Pa.,22 miles; 2d track, 3.45 m.; 3d track, 1.51 m.; sidings and
laterals. 4.24 miles. Stock—com., $1,225,000; pref., $400,000;
par, $50.
Of the bonds, $849,100 (with ooupons only partly paid—see
V. 64, p. 331)
are owned by the Reading Co. and
deposited under Its gen. mtge. of 1897.
In Oct. 1898 lnt. on $507,000 bonds was reduced to
3% from April 1 1897
and made a first charge; remainder 5%, subject to said
V. 68,
agreement.
p. 773.
Year ending June 30 1909, gross, $171,686; net, $75,014.
PHILADELPHIA & READING RR.—See “Reading Company.”
PHILADELPHIA & TRENTON RR.—Phlla. (Kensington). Pa., to
Morrisville, Pa., 26 miles, mostly four-tracked. On June 30 1871 leased for
999 years to Pennsylvania RR. at 10% on $494,100 stock, the
balance,
$765,000, belhg owned by United New Jersey RR. 8b Canal Co.
PHILIPPINE RY.—Under a concession granted July 13 1906 by the
Philippine Gov’t, In accordance with an Act of Congress of the United States
In 1905, and with the approval of the Secretary of
of ~
War, this company has
....
‘
“
contracted to build lines of railroad in the Philippine Islands as follows: Isl¬
and of Panay, 100 miles; Negros, 100 m., and Cebu, 95 m.
The construction
of 35 m. on Cebu is optional to the company, which has the right under the
contract to construct an additional 25 m. of main line on each of the islands.
Definite location surveys have been completed as follows: Panay, 105
miles; Negros, 73 miles; Cebu. 80 miles.
60 miles of road on Cebu Is In
operation, extending from Danao to Carcar and 73 miles on Panay, extend¬
ing north from Caplz.
ORGANIZATION AND SECURITIES.—The oompany was Incorporated
March 5 1906 under the laws of the State of Connecticut with an authorized
indicate headed by William
V. 83. p. 493. 970, 1412;
p.794; v. 87, p. 1308.
unaer tne terms oi the concession the PhlllpIne Govt, guarantees lnt. on an issue of 1st M. 30-year sinking fund
% gold bonds, which may be Issued to extent of 95% of cost of construc¬
tion.
Any int. payments by the Government become a cumulative lien on
the property, subject to the lien of the 1st M. bonds.
The entire Issue of
bonds Is subject to redemption at 110 and Interest on any Int. date.
Bonds
may also be drawn by lot at 110 and Interest for an annual sinking fund
which must be established after July 1 1911. before any dividends can be
paid on the stock. The Government concession provides that In lieu of
all other taxes the railway shall pay H of 1% of gross earnings per annum
during the life of the bonds and provides further suitable restrictions for a
period of 50 years thereafter. The bonds have been accepted by Secretary
of U. S. Treasury as security for Government deposits In national banks.
DIRECTORS.—Gen. O. R. Edwards, Gen. T. H. Hubbard, Clarence
McK. Lewis, Col. Frank McIntyre. Wm. Barclay Parsons, J. G. White,
Alonzo Potter, Frederlo H. Reed. William Salomon. Charles M.
Swift,
Cornelius Vanderbilt; Chairman. William Salomon; Pres., Charles M Swift;
V.-P., Frederic H. Reed and C. Lewis; V.-P. and Chief Engineer, William
B. Poland; Treas., J. M. Weinberger; Sec., R. R. Hancock.
Office, 43 Exchange Place, New York City.—(V. 87, p. 1358,
1534.)
PITTSBURGH BESSEMER & LAKE ERIE RR —Bessemer. Pa., to Conneaut Harbor
and Wallace Jet., Pa., 153 miles, of which 8 miles leased to
other roads; branches, 22 miles; leases Meadvllle Conneaut Lake 8b
Linesvine RR.; Llnesvllle to Meadvllle, 22 miles; trackage to
Cascade, near Erie,
Ac., 12 miles: total, 209 miles (99£mlles double-tracked).
lUfi
RAILWAY STOCKS AND BONDS
Miles
Road
RAILROAD COMPANIES
see notes on first page1
[For abbreviations, Ac.,
MiUadelphia ft Erie—See Pennsylvania RR
>hila ft Frankford—First mtge 1500,000 guar.GuP.o*
>hUa Qerm ft Norristown—Stock rental PAR Ry-’hiladelphia Harrisburg ft Pittsburgh—1st M g_c*Ar
>hila Newtown ft N Y—First mortgage gold (text).c*
Philadelphia ft Reading Ry—See Reading Company
Philadelphia & Trenton—-Stock 10% rental Penn RR
Philippine Ry—Stock $5,000,000 authorized
First M $15,000,000 glnt guar s f red 110 Bax c* Ar*
Piedmont ft Cumberland—See Western Maryland
Pine Creek—See Geneva Corning A Southern
Pi qua ft Troy—First mtge $250,000 gold guar p
1892
30
47
22
26
«...
$1,000
50
—
1890
1892
1,000
1,000
100
—
100
---
1907
1,000
9
1899
1,000
A l._c
Pittsburgh Bessemer ft Lake Erie—Common 3% rent
Preferred stock 6% cumulative guaranteed by rental
Pittsburgh Shenango A Lake Erie 1st M gold.Ce.c*
Consolidated first mtge for $4,800,000 gold.Ce.c*
Pitts Bess ALE cons mtge $10,000,000 gold_.(Js.c*
Debentures gold $2,000,000 red (see text)
-UP
Shenango equip trust $78,000 part due yrly g__UPl
Greenville equip trust $100,000 due yearly g„__UP{
Butler equipment trust $2,050,000
UPi
Pitts Bingh ft East—First M $20,000,000 gold—--K
Plttsb Chart ft Yough—Gen M $1,000,000 g gu.-FPi
Pittsburgh Cincinnati Chicago ft St Louis—Com stock
m
m
50
50
„
«...
134
151
193
193
— mm
—
19
1,118
1,115
Preferred stock
—-Chic St L A Pitts cons M ($22,000,000) g—Un.cAr
Steuben A Indiana first mortgage
—r
f“A” gold__c*
680
116
1890
1893
1,000
1,000
1897
1,000
1,000
1,000
1,000
1,000
1899
1899
1900
1901
1906
1892
•
Cons mtge $75,000,000 gold guarl“C*» gold-.c*
p AI (end) by Pennsylvania Co un-( "D” gold__c*
conditionally, all equally secured.l “E” gold._c*
**F'* gold-_c*
G” gold.-c*
H” gold—c*
Ohartlers first mortgage assumed
—c*
1,000
100
100
•••
11907
1,000
1,000
1,000
1.000
1.000
1,000
1.000
1,000
1.000
1901
1,000
1883
1864
1895
11899
11903
RR
a $1 37,000
BONDS.—Debentures of 1899 may be called since June 1 1909 upon
oompany paying X % for each year of unexplred term.
The P. B. A L. E. mtge. 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., Ltd., and the Union RR. Co.
Of the 5s of 1897, $4,800,000 re>
served to retire Pittsburgh Shenango A Lake Erie bonds.
EARNINGS (of B. A L. E.)fl910__.Gross, $2,721,828; net, $1,357,914
3 months, July 1 to Sept. 30.\l909
Gross, 2,685,271; net, 1,554,587
&15PORT.—For year ending June 30 1910, Bess. A Lake Erie, gross, $7,888.021; net, $3,623,147. In 1908-09, gross, $6,060,454.—(V. 75, p. 1203.)
,
.
PITTSBURGH BINGHAMTON ft EASTERN RR.—To extend from
Clearfield, Pa., to Binghamton. N. Y., 225 miles, with 25-mlle branch to
PhlUlpsburg. forming a short low-grade line between the bituminous coal
fields and New England and Canadian points.
In July 1908 about 22 miles
between Towanda. Pa., and Canton having been graded, bondholders
were requested to communicate with F. A. Sawyer, Canton, Pa., with a
view to reorganization and completion of road.
v. 87, p. 167. 227; V. 88,
p.
752, 1229.
On Sept. 5 1908 L. H. McFadden of Canton, Pa., and John
P. Reynolds Jr. of Boston were appointed receivers.
V. 87, p. 678.
In July 1909 the rolling stock was sola to satisfy a claim.
V. 89. p. 226.
Stock authorized, $20,000,000.
E. H. Gay A Co. were financing the
project. V. 87, p. 1011.
As to Central Penn. Coal Co. and coal contract with
Penna. Beech Creek A Eastern Coal Co., see V. 83, p. 753.
Pres. Llndsley
Hooper, Boston, Mass.; Treas., C. F. Wright, Susquehanna, Pa.; Sec..
John Whitmore, Ridgway, Pa.—(V. 87, p. 1011; V. 89, p. 225.)
PITTSBURGH CHARTIERS ft YOUGHIOGHENY RY.—Owns from
Chartlers to Beechmont, 19 miles; trackage (Chartlers Ry.), 2 m.; 21 miles in
all.
STOCK outstanding Jan. 1910, $940,000, owned Jointly by guaran¬
tors mentioned below.
Authorized stock $1,500,000.
V. 82, p. 1269.
DIVIDENDS.—In 1895, 4%; 1896, 11%; 1897, none; 1898, 7%; 1899,
1%; ’00, 4%; *06, 6%; *07, 10%: 08,4%: ’09,8%. Ofthe4s, half are guar¬
anteed (endorsed) by Pitts. Cm. Chic. A St. Louis, the other half by the
Pittsburgh A Lake Erie. See guaranty, V. 56, p. 650. In year ending
Dec. 31 1909, gross. $333,470; net, $150,526; other Inc., $1,287; Int., Ac.,
$35,467; dividends (8%), $75,200: surnlus. $41.146.—(V 82, p. 1269.)
PITTS. Cl NCINNATI CHICAGO ft ST. LOUIS RY^— (See Maps Pa. RR.
Miles.
Lines leased (Continued)— Miles.
Pittsburgh, Pa., to Chicago, Ill. 511 Ohio Connecting Ry
9
Rendoomb Jet. to Anoka Jet..
166 Pitts. Wheeling A Kentucky...
28
Bradford Jet. to Indianapolis..
104 Ch Ind A E Ry (V. 84 ,p. 1183)
43
Indianapolis to Jeffersonville.. 108 Eng. Connecting Ry. In Chic..
2
Lines owned.
Branches
244
Other lines..
Operated under their
1
own organ.
Total owned...
1,133 Pittsburgh Chartlers A YoughTruckage—Indlanap. to Kokomo
54
logheny Ry
Other
Lines leased (*See these co's).
•Little Miami
3
195
Clncln. A Musk. Val. RR.....
Waynesburg A Wash. RR
21
149
28
Total of all Dec. 31 1909
1,666
ORGANIZATION, Ac.—Formed In 1890 by consolidation (per terms in
V. 50» p. 875) of Chicago St. Louis A Pittsburgh, Jeffersonville Madison A
Indianapolis, Cincinnati A Richmond and Pittsburgh Cincinnati A St. Louis.
Controlled by Pennsylvania Company, which on May 31 1910 owned $22.470.700 pref. and $21,909,300 common stock
STOCK.—Authorized: com., $45,000,000; pref., $30,000,000
Stockholders were offered In 1910 the right to subscribe for $7,015,600
additional common stock at par. payable between Mch. 1 and Mch 15,
raising the amount outstanding to $35,666,000. V. 90, p. 447, 303, 560
The pref. stock Is “non-cum. and entitled to a dlv. of 4% per annum out
of the net earnings as declared by the board, with the right after 3% has
been declared on the com. to an additional 1 %, making 5% In all/'
After
5% on both oom. and pref.. the two share pro rata.
STOCK OF OLD COMPANIES unexchanged Mch. 81 1910. Chic. St. L
A Plttsb. com., $431,567, and pref., $2,23o; all other cos., $99,989.
DIVID’S.— 1 ’97 to ’98. *99. *00. ’01. ’02 to *05. ’06. ’07.’08. *09 1910
Preferred (%) )
0
8
4
4
4 yearly. AX
5
5
5
Below.
Common (%)__J
0
0
0
1 —3 yearly
4
4
4
Below.
In 1910 on pref., Jan., 2X% (s.-a.); April, IX%1 July, 1X%; Oct.,
1X%.
On common, Feb., 2X% (s.-a.); April, 1X%; July, 1X%; Oct.,
1X%.
Dividends hereafter to be quarterly.
BONDS.—The consol, mtge. for $75,000,000 (Farmers’ L. A T. Co. of N.
Y. and W. N. Jackson, trustees) covers the entire property.
Sufficient
consols are reserved for the purpose of retiring all sectional bonds at ma¬
turity, at which time they must be paid off. The remainder are Issuable for
Improvements, additions, Ac. They are guar, unconditionally as to prln.
and Int. by the Penn. Co.
The eight series are all equally secured.
See
adv. In “Chronicle” May 21 1892 and guaranty on bonds.
V. 56. d. 604.
Due Penn. Co. Mch. 31 1910, $2,500,000.
In Jan. 1910 the sale of $4,000,000 ser.Gconsol. 4% bonds was authorized
to redeem the $1,967,000 Jeff.Mad. A Ind.7% bonds due
July 1 1910 and
for other capital requirements; also $10,000,000 ser. H for elevation of
tracks,
oompjetlngldouble-tracklng, equipment, Ac. V. 90,
LATEST EARNINGS.— (1910
9 mos., Jan. 1 to Sept. 30.
*11909
When
%
Payable
F
$500,000
A A
4 g
12
2,246.900
J—M
2,000,000
A AO 15
5 g
1,599,000 See text A A O
„
See text
5.000.000
7,835,000
250,000
10.000,000
2,000,000
3,000.000
657.000
6.343.000
2.000,000
219.000
1,000.000
10
J
A
4
3
6
6
5
5
5
5
5
M
A
J
A
J
J
J
A
M
A
A
A
A
A
A
A
A
A
A
A
A
g
g
g
g
g
g
g
2.050.000
A
A
A
5 g
p. 303, 1555; V. 91,
Gross, $25,819,469;
Gross, 21,768,380;
3H
g A
A
Aug 1 1922
Company's Office, Phlla
Sept 6 1910 3% Mar A Mer Bldg, PhUa
Oct 15 1925
Reading Terminal, Phlla
Oct
do
1 1942
do
Bankers' Trust Co, N Y
J July 1 1937
N
O
D
O
J
J
D
O
N
O
O
O
4 g
169,000
35.666,000 See text.
Q—J
See
27,474,400
text.
Q—J
5 g
A
1.506.000
A
O
5
3.000.000
A
J
J
10.000.000
AX g A A O
4X g A
8,786.000
A
O
1,379,000
AX g M A N
M
4
a4,983.000
A
g
N
b6,695,000
*X 8 F A A
4 g
10.000.000
J
A
D
4 g
10.000.000
M A N
626.000
Places Where Interest and
Dividends are Payable
Oct 10TO 2nr. Treas Pa RR Co, Phlla
0—J
4 g
Last Dividend
and Maturity
Un Sav BkATrCo, Cin
1939
’10 1H^ Check from Co's offloe
do
do
1910 3%
Central Trust Co, N Y
1940
do
do
July 1 1943
United States Tr Co, N Y
Jan 1 1947
Union Trust Co, Plttsb'b
June 1 1919
do
do
Apr 1 1911-1913
do
do
May 1 1911-.20
do
do
Apr 1 1921
Oct 1 1956
Nov 1
Oct 1
Junel
Oct 1
Office,
Apr 11932
Oct 25*10 \X%
Oct 25’10 IX %
Oct 1 1932
Jan 1 1914
Oct 1 1940
Apr 1 1942
Nov 1 1942
Nov 1 1945
Aug 1 1949
Dec 1 1953
Nov 1 1957
O Oct
1 1931
Pittsburgh,
Pa
Farmers' L A Tr Co. N Y
do
do
Union Trust Co, N Y
National City Bank, N Y
Farmers* L A Tr Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Co's office, Plttab’gh, Pa
b$5.303. 000.
Carnegie Co. Is controlled by U. S. Steel Corporation.
.
Rate
See text
23
0
ORGANIZATION, Ac.—A consolidation Jan. 14 1897. 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 common and $500,100 preferred are owned by
the Carnegie Co.
Leased for 999 years from April 1 1901 to the Bessemer
A Lake Erie RR., a subsidiary organization of the Carnegie Co., for 6% on
pref. and 3% on oom. stock, interest on bonds and organization expenses,
Ao., the lease being guaranteed by the Carnegie Co. V. 72, p. 137. Through
,
Amount
Outstanding
See text
(1890
11892
1,115 (1892
l“B'»gold~c*
Pittsburgh Cleveland ft Toledo—See Baltimore A Ohl
Sinking fund Oct. 31 1910 held additional bonds.
Par
Value
Dale
Bonds
[VOL. LXXXXI,
net, $5,495,349
net,
5,572,325
ANNUAL REPORT.—Report for 1909 In V. 90, p. 972, 982.
Year ending Dec. 31—
Miles directly operated
Gross earnings
Net earnings
Miscellaneous Income
1909.
1908.
1,469
$9,839,789
$2.557,020
826.255
897,031
105,682
Improvements, sinking fund, Ac
Dividends on preferred
on common
Inc. or Dec.
—3
$35,970,833 $31,075,098 +$4,895,735
$9,541,109
$8,237,067 +$1,304,042
298,680
342,832
—44,151
Total net earnings
Interest on bonds
Rentals paid
Car trusts (Including Interest)
Interest, general account
Dividends
1,472
2,683,977
(5)1,373,440
-(4 X) 1,289,268
$8,579,899 +$1,259,890
$2,557,020
894,820
—68,565
874,910
+2,121
189,919
—84,237
1,473,082
+1,209.105
(5)1,373,132
+308
(4)1,145,882
+143,886
Balance, surplus
$107,116
$71,133
+$35,983
—(V. 90. p. 303, 447, 560, 972, 982, 1555, 1614; V. 91, p. 337.)
PITTSB. CLEVE. ft TOL. RR.—See Balt. A Ohio RR.—(V. 76. p.49.
PITTSBURGH FORT WAYNE ft CHICAGO RY.—(See Maps Penn. KR.)
—ROAD.—Owns from Pittsburgh, Pa., to Chicago. Ill., and branch, 470
miles.
Double track, 470 miles.
LEASE, Ac.—Foreclosed Oct. 24 1861 and reorganized Feb. 26 1862.
From July 1 1869 leased for 999 years to the Penn. RR.; rental pays Interest,
sinking fund of debt and 7% on stock, payable Q.-J.
In July 1901 an extra dlv. of 2% was declared on both stocks, but It will
be paid on the guar, special stock only In case the courts so decide.
No de¬
cision to June 1910.
V. 72, p. 821, 1188.
CAPITAL STOCK.—The special Improvement stock Is Issued to Penn.
RR. for Improvements, Ac., under Article 16 of lease, which provides that
the lessor may issue special bonds or stock.
See V. 50. p. 139, and wording
of endorsement In V. 56. p. 774.
The special stock Is In all respects sub¬
ject 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 Installments an annual
dividend fund of $1.380.000 free of all taxes.’’
This special stock Is Issued
from time to time for betterments: In 1902. $1,418,300; In 1903, $2,010,400;
In 1904, $4,959,200; In 1905, $3,341,900; In 1906. $3,029,700; In 1907.
$1,431,900; In 1908, $2,681,300; in 1909, $1,552,800; In 1910, $1,654,100.
Of the $43,040,500 guar, special stock outstanding Dec. 31 1909, $39,109,400 was owned by Pennsylvania Co.
V. 75, p. 1087.
BONDS —The first mtge. Is in series of $875,000 each and 2d mtge. of
$860,000. Of the above 1st mtge. bonds, $3,342,500, and of the 2d mtge.
$3,742,000 and $2,713,819 cash were In sinking fund Dec. 31 1909.
REPORT.—1909. lessee’s profit, $1,748,115; 1908, $1,563,072; 1907,
$1,057,406; 1906, $882,142; 1905, $567,118.—(V. 89, p. 104; V. 91, p. 155.)
PITTSBURGH JUNCTION RR—B. A O. owns all exoept $15,250 com
mon stock, $959,000 first 6s. $250,000 second 5s and $191,000 Terminal Co.
See B. A O. and V. 69. p. 1063.1192, and V. 70. p. 77.
5s.
PITTSBURGH ft LAKE ERIE RR —{See Maps N. Y.Cent. AH. R. RR.)
—Owns from Pittsburgh, Pa., to Youngstown. O.. 67 m., to be 4-tracked;
branch lines to Newcastle, Ao.. Pa., 6 m.; total owned, 7$ m. (of whloh 70
double track); leases Pitts. MoKeesport A Yough. (which see), 109 m.
Mah. State Line RR.. 3 m.; Beav. A Ell. RR.. 3 m.: Elw. Connecting RR.,
1 mile; Yougblogheny Northern Ry. 2 miles; total, 191 miles.
The road is operated in harmony with the N. Y. Central system, the L. S.
A Mich. Sou. Ry. Feb. 1910 owning $10,500,200 of $21,000,000 stock.
In Jan. 1910 a 99-year traffic agreement was made with the Western
Maryland, which will build an 83-xnlle connecting line with the Pittsburgh
A Lake Erie.
V. 90, p. 237.
P. A L. E. owns stock and securities of Pitts. Ch. A Yough. Ry., $470,000, and of Mon. RR., $714,000; Ellwood Connecting RR., $48,000; Ma¬
honing State Line RR., $96,750; Lake Erie Youngstown A Southern RR..
$200,000.
As to guar, of bonds of Mon. RR. see that co.’s statement.
In Nov. 1905 the holdings of the Little Kanawha syndicate, including the
stocks of the Little Kan., Park. Bridge A Term
Burnsv. A East., Buckhannon A North., Belllngton A North, and Zanesv. Marietta A Parkersburg,
,
acquired by the Pitts. A L. E., Pennsylvania and Balt. A Ohio. mV. 81,
1436, 1493; V. 86, p. 981.
STOCK.—Stockholders subscribed for $6,000,000 new stock to Feb. 0
1910 at par, raising amount outstanding ot $21,000,000.
V. 90, p. 168.
DIVIDENDS.—J’86 to ’91. ’92 to ’06. ’07. ’08. ’09.
1910.
Per cent
] 6 yearly. 10 yearly. 12
11
10
10 A 40 extra
In 1910, 10% (5% F. A A.) and In Feb. 40% extra.
EARNINGS.—8 mos. J1910
Gross, $11,416,456; net, $6,223,684
Jan. 1 to Aug. 31.
\1909
8,701,967; net, 4,662,091
Gross,
REPORT.—Report for year ending Dec. 31 1909 in V. 90, p. 691, showed:
Gross, $14,838,948* oper. Income, $8,414,925; other Income, $247,423; Int.,
rentals, Ac., $847,213; dividends (10%), $1,499,993; bal., sur., $6,115,605.
—(V. 87, p. 1301; V. 88, p. 296, 559, V. 90, p. 168, 691 )
PITTSBURGH McKEESPORT ft YOUGHIOGHENY RR.—(Sm
N. Y. Cent. A H. R. RR.)—Owns from Pittsburgh to Connellsville, Pa.,
56.83 miles; Belle Vernon Jet. to Brownsville Jet., Pa.. 38.50 m.; branches.
14.06 m.; leases. 1.91 m.: total, 111.30 m., of which 80.62 miles double tr’k.
LEASE.—Leased to Pittsburgh A Lake Erie RR. for 999 years. Rental
Is 6% on the stock, principal and Interest of the Pittsburgh MoKeesport A
Youghlogheny bonds being guaranteed by Pittsburgh A Lake Brie and Lake
were
p.
Shore A Michigan Southern companies, the guaranties being endorsed on
the share certificates and bonds.
The guaranty of the stock Is on the
express condition that the holder shall aooept par for the same on July 1
payable to the Lake Shore A Michigan Southern.
PITTSBURGH OH IO VALLEY ft CINCINNATI RR.—Owns road BeUalre.
O.. to Powhatan. O.. 15 m.
Operated for cost b;jy Penn. Co. in connection
with Cleveland A Pittsburgh since Dec. 1 1692. Stock authorized, $1.500,-
one-half was
Oct., 1910.J
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, Ac.,
see notes on
first page]
Pittsburgh Ft Wsyne St C—Gen stock 7% gu Penn RR
Guaranteed special impt stock 7% guar by end-.
First mortgage Series A to FI Sinking fund cumulal
Second
do
Series G to M.J
tlve not drawn.c*/
Tblrd mortgage
Pittsburgh & Lake Erie—Stock auth $30.000,000...
First mortgage gold
c
Second mortgage gold Series A and B
N„c
Pittsburgh Lisbon & Western—See Wheel A Lake Erl
Pittsburgh McKees St Yough—Stock guar (see text).
First mortgage guar by P 3b L E and LS&US-.c
2d M guar p 3b 1 (end) by P 3s L E and LS&US-.c
McKeesport 3b Belle Vernon 1st M gold assum.. FPi
Pitts Ohio Val & Cin—1st M gold s t not drawn.FP.c*
Pittsburgh Painesvtile & Fairoort—See Baltimore 3s
Pittsb & Shawmut RR—1st M g red lOS-.Ce.c'&r*
Pitts Shaw St Nor—Rec’rs ctfs $1,000,000 red. par
Receiver’s certificates, redeemable at par
do
do
$1,500,000 auth, red text..
First mortgage gold $12,000,000
Ta.c*
New mortgage gold $15,000,000
Car trusts $34,000 due semi-annually
Car trusts (receiver’s) gold due $84,000 yearly..xc*
Pittsburgh Virginia & Charleston—See Pennsylvania
Pittsb Term RR & Coal—West Side Belt 1st M g. UPi
Pittsburgh Terminal 1st M $7,000,000 gold.-CPi.c*
Consolidated mortgage $14,000,000
Eq
Preferred stock 7% guar $9,100,000
Consol M s f 1 % not drawn
Fc#
First general mortgage $15,000,000..
Ce c*
Plymouth St Mlddleboro—1st M Int gu by Old Col-.c*
Pontiac Oxford St North—See Grand Trunk Ry
Port Angeles Pac—1st M $2,000,000 g red at 105..K
Portland & Rochester—See Boston 3b Maine RR
Miles
Road
*70
470
470
470
470
191
73
73
57
57
39
15
Ohio
^
_
Date
Par
Amount
Rate
When
Bonds
Value
Outstanding
%
Payable
1871
1862
1862
1862
1878
1889
1884
1882
1884
1888
1890
$100 $19,714,286 See text
100 44.694,600 See text
500 3bc
7
5.250.000
500 3sc
7
5.160.000
7
500 3bc
2.000.000
50 21,000,000 See text.
6 g
1,000
2,000,000
5 g
1,000
2,000,000
50
1,000
1,000
1,000
1,000
^
RR
Text
Text
1909
1909
1906
1910
1899
1902
1905
1907
1,000
6
6
6
6 g
5 g
3,000,000
725.000
575,000
5
5
5
5
5
4
5
5
1897
1902
1,000
1,000
See text
1,000
1,000
164,000
14.491.600
1,000
130.000
340.000
1905
25.6
139
139
125
139,
15
—
1905
_
100
100
See text
4N
600.000
2,100,000
9.100.000
1,562,000
2.000.000
100,000
100
100
2:000:000
1,000
975,000
mm
•m
mm
1896
_
appointed receiver.
No plan of reorganization to Oct. 1910. In 1909 $1,600,000 5% receiver’s certfs. were authorized, of which $525,000 sold to
provide chiefly for construction of State line branch. State Line June, to
Coryvllle, 11 miles, to replace trackage; remainder reserved to retire $200,000 certificates due Sept. 1 1910 and $575,000 March 1 1911, and Improve¬
ments.
V. 88, p. 1129, 1194.
In June 1910 $1,500,000 5-year 5% certifi¬
cates were authorized, dated Aug. 1 1910, redeemable at a premium of 1 to
5%, for improvements to the mines of Shawmut and Kersey companies.
None had been sold Oct. 1910. V. 91, p. 39. Car trusts of 1907 Issued
by receiver. V. 86, p. 169. In Sept. 1908 $95,700 6% 3-year notes were
V. 87, p. 813.
STOCK.—Authorized. $15,000,000; Issued, $11.700,000;|par, $100.
RR. EARNINGS.—12 mos.,11908-09..Gross. $836,465; net,
$11,512
July 1 to June 30.
j 1907-08..Goss, 832,296; op. def.115.234
Other Income 1908-09. $115,868; deduct’ns. $216,070; bal., def.5 $88,626.
For 12 mos. ending June 30 1910, gross RR. earnings, $1,170,025, against
$836,465 In 1908-09; net, $249,186. against $11,512.
REPORT.—For the year ending June 30 1908 (see V. 87, p. 1298),
railroad earnings were: Gross. $831,717: oth. Inc., $219,818; oper. exp. 3b
taxes, $737,818; total deduc., $165,522: bal., sur., $148,195.
Net profit of
coal, 3cc., cos. controlled was $141,156: surplus from all properties. $289,351.
OFFICERS.—Acting Pres.. Frank S. Smith, 60 Wall St.—V. 91. p. 39.
$1,065,000 of the
$1,080,000 stock of the West Side Belt RR., having a belt line extending
from Pittsburgh to Clatrton, Pa., 20.6 miles ana Banksvllle June, to
Banksvllle, 2 miles, with 13 miles of sidings, a total of 35.6 miles. Owns in
fee about 15,000 acres of coal and 675 acres of surface lands
adjoining in
Allegheny County, Pa. V. 80, p. 1236; V. 88, p. 1254. Capacity over
3,000,006 tons yearly.
V. 78, ,p. 703- V. 80. o. 1480. F. H. Skeldlng
and H. W. McMasters are receivers of West Side Belt.
V. 86, p. 1590.
On Oct. 1 1910 there were outstanding $615,000 Belt RR. receivers’ certs,
due Dec. 1 1910.
On Sept. 30 1910 $700,720 6% receivers’ certs, were
authorized, due Dec. 1 1912, but callable at par after June 1 1911, ranking
ahead of the bonds, to retire at par the said receivers’ certs., remainder
available for Improvements.
V. 91, p. 946, 1097.
In 1904 the Wabash-Plttsburgh Terminal Ry. (which see) acquired the
entire $14,000,000 stock.
V. 79, p. 1024, 2086; V. 80, p. 1236.
The first 5s of 1902 are secured on coal lands and by mortgage of West Side
Belt RR.. which guaranteed them, principal and Interest, and by pledge of
West Side Belt stock owned.
Of the 5s, $4,287,000 were pledged under
the Junior 4 Ns, and remaining $1,379,000 reserved for West Side Belt and
coal land mtges.
Of consols of 1905, present issue ($5,500,000) is deposited
under Wabash 4 N% notes of 1905. Pres., B. F. Bush.—(V. 88. p. 1254.)
PITTSBURGH WESTMORELAND St SOMERSET RR.—Owns from
Llgonler, Pa., to Somerset, 25.6 miles: completed in June 1906. Stock,
$700,000, all outstanding; par, $100.
In Jan. 1910 controlling interest
in stock ($353,700) was sola at auction; V. 90, p. 373.
For year ending
June 30 1908, gross, $30,346; op. def., $5,294.
Pres., J. Henry Cochran;
Sec. and Treas., L. H. Allen, Llgonler, Pa.—(V. 81, p. 1849; V. 90, p.373.)
PITTSBURGH YOUNQSTOWN St ASHTABULA RY.—Owns Kenwood.
Pa., to Ashtabula Harbor, O., 99 miles; Niles to Alllanoe Junction, O., 25
miles; Homewood to Wampum June., 6 miles; Lawrence June, to New
Castle, 3 miles; Bessemer Branch, 5 miles; trackage. 1 mile. Total, 139
miles.
Pennsylvania Company owns $5,775,000 of the pref. stock and also
the $2,100,000 common.
Leased to the Pennsylvania Co. tor 999 years
from July 1 1910, the rental to cover all charges, maintenance and 7%
dividends on both classes of stock, the cost of betterments to be represented
by stock or bonds bearing such rate of dividend or Interest as may be
satisfactory to the lessee. V. 90, p. 915, 1364.
DIVIDENDS.—On com., 1906, 6%; 1907 to March 1910, 7% (M. 3b S.);
June, 1 N% quar.
All dlvs. to be paid quar. hereafter at 7% under lease
on Dec. 1, March 1, June 1 and Sept. 1. ' V. 91, p. 791.
4 1910 IN
1 1910 IN
Various
Various
A
O
3b
F
3b
A
J
3b
J
A
3b
O
July
July
July
Aug
1 1912
1 1912
1 1912
2 1910 5% Co’s
Jan
Jan
1 1928
1 1928
J
J
J
3b
3b
3b
3b
J
A
J July 1910 3%
J July 1 1932
J July 1 1934
J
July 1 1918
1 1920
Wlnsiow, Lanier 3bCo,N Y
do
do
do
do
do
do
do
do
Office.
do
Pittsburgh
do
New York Trust Co, N Y
Union Trust Co, N Y
do
do
do
do
Fid Title 3b Tr Co, Pittsb
Broad St Station, PhQa
3b
O Oct
M
3b
3b
3b
D Dec 1959
D June 1 1914
S Mch 1 1911
F
F
M
M
3b
3b
3b
3b
A Feb 1 1949
Feb 1905 int last paid
do
A Feb 1 1952
do
S Mch ’ll-Mch’12 Trust Co of America, N Y
N May'll-Nov '14 Guardian Trust Co, N Y
M
3b
J
3b
J
J
Intern Bkg Co, New York
Empire Trust Co, N Y
5 g
7
S Sept 1 1937
J July 1 1942
1955
3b
A
o Oct
1 1955
J
3b
3b
3b
Sept 241910IN Farmers’ L 3b Tr Co, N Y
do
do
Sept 241910IN
do
N Nov 1 1927
do
do
do
D Junel 1948
International Tr Co, Boat
J Jan 11912
5 g
A
3b
O Apr 11954
8
4 g
M
(J—M
<
225 000
1,000
Hornell Junction to Hornell.10
„
Oct
Oct
M
J
1904
Croyland to Hallton........
12
Total operated
240
As to allied Pittsburgh 3b Shawmut RR., see that co. above.
ORGANIZATION.—Reorganized without foreclosure in 1901 under plan
In V. 74, p. 327, only $164,000 of old $6,000,000 5% bonds failing to
assents
V. 74, p. 327, and circular, p. 578.
The non-assenting bonds
received Interest to Feb. 1905.
The old firsts of 1899 exchanged tor the
bonds of 1902 have not been canceled.
V. 75, p. 291.
REORGANIZATION.—On Aug. 1 1905 Frank Sullivan Smith was
.PITTSBURGH TERMINAL RR. St COAL CO.—Owns
Q—J
Q—J
7
5
4 g
5
1,000
1,000
000; outstanding. $300,000; par, $50.
Trustee of mtge. (for $1,500,000),
Fidelity Trust Co. of Phlla. Cal. year 1909. gross, $70,392; net. $21,730.
PITTSBURGH St SHAWMUT RR.—Organized to establish an outlet to
Pittsburgh for the Pittsburgh Shawmut 3b Northern RR., which see below.
Is building 102 miles of road from Hyde, Pa., to Freeport. Pa., on the
Pennsylvania RR.. 28 miles northeast of Pittsburgh. When completed,
after reorganization of Pittsburgh Shawmut 3b Northern, Is to be merged
with the latter; Brockwayvllle to Ramsay town, 37 miles, has been com¬
pleted, and 38 miles further was under contract in Sept. 1909.
In 1910 sold $3,000,000 of an authorized $12,000,000 of 50-year 5% gold
bonds due Dec. 1 1959, but callable at 105: annual sinking fund $100,000
beginning Dec. 1914. The bonds will be secured on the road, 102 m., also
pledge of $11,953,000 of $14,491,000 ref. 4s and $58,000 of $184,000 Pitts.
Sh. 3b No. 1st 5s outstanding, pledge of entire $3,607,200 Allegheny River
Mining Co. stock and two traffic contracts with the Allegheny Mining Co.
and Pitts.
Sh.
3b
No.
V. 90,
1102, 1045. Stock authorized,
p.
$15,000,000; par $100.—(V. 90, p. 1102, 1364.)
PITTSBURGH SHAWMUT & NORTHERN RR.—ROAD.—Projected as
a short route from the bituminous coal fields In Elk and Jefferson counties.
Pa., northerly to Maoedon (on the N. Y. C. 3b H. R. RR.), including branch.
350 m.
Operated, Wayland and Hornell, N. Y., to Knoxdale, Pa.. 3bc.,vlz.
Owned—
Miles.
Miles,
Leased—(Concluded)—
Wayland, N. Y., to Hyde, Pa
134 Brockwayvllle to Knoxdale, Coni¬
Olean to Olean Junction
9
fer and Ramsaytown
86
Kasson to Hazlehurst
5
Trackage—
Paine to Cardiff
12 State Line Junction to Coryvllle. 11
Brown Run Branch
2 Hyde to Brockwayvllle
7
Leased—
Brock port to Horton City
2
authorized.
Places Where Interest and
Dividends are Payable
Aug 11915
g
g
g
g
5 g
5 g
383.000
1887
1908
1892
am
64
1,000
_
e
See text
5—M
Oct 1904 coupon last pakf>
''
Aug 1 1908 1% Portland, Mo
1,000,000
■
Portland St Rumford Falls RR—Stock $1,000,000
Portland St Rumford Falls Ry—Stock 8% guaranteed
Cons (now 1st) M $1,000,000 g
OB.c*
8,959.650
2.250.000
1,000,000
600,000
290.000
Last Dividend
and Maturity
RR
_
^
107
Q—F
-■
-
4b
Nov 1 1910 2%
N Nov 21926
Old
do
Colony Trust, Boston^
BONDS.—The first genera! mortgage bonds of 1908 ($15,000,000, Issu¬
able in series at interest rates to be fixed from time to time) are free of tax In
Pennsylvania and Ohio; of the bonds $2,000,000 series A have been Issued.
$1,562,000 are reserved to retire the old bonds and the remainder for
construction and acquisitions.
V. 87, p. 416.
EARNINGS.—Report for calendar year 1907 in V. 87, p. 282. In 1900,
Gross, $5,354,464; net, $2,512,213; other Income, $151,128; Interest on
bonds, $158,100; car trust payments, $17,712; interest on car trusts, $682;
hire of equipment, $77,616; Improvements $540,292; dividend on com. stock
(7%), $147,000; pref. div. (7%), $636,069; bal., sur., $1,085,870.—V. 88,
p. 1314; V. 90. p. 699, 915, 1364; V. 91, p. 791.)
*
PLYMOUTH & MIDDLEBOROUGH RR.—Plymouth to Middleborough,
Mass., 15 miles. Stock. $80,000. Leased to Old Colony RR. for 99 yean
from Jan. 1 1892, no rental to be paid to Jan. 1 1917; thereafter lessee to
pay 30% of gross earnings, the lessee guaranteeing at all times payment of
interest and not to exceed 4% on stock.
PONTIAC OXFORD St NORTHERN RR.—Operate 1 road from Pontlao,
Mich., to Casevllle, Mich., 100 miles. The Grand Trunk took possession
Dec. 3 1909, having acquired the entire $1,000 000 stock and assumed the
$400,000 6% bonds. V. 89, p. 1543. For year 1908-09, gross, $226,931;
net, $72,032; Int., taxes, 3bc., $51,767; bal., sur., $20,265.—(V. 89, p.1543.)
PORTLAND St RUMFORD FALLS RR.—Leases for 1,000 yean from
Falls Ry. and the Rumford Falls 3b
April 1 1907 the Portland 3b Rumford Ft
Rangeley Lakes RR., together extending from Oquossuc, Me., to Rumford
Junction, 90 miles, with branch to Otis Falls, 10 miles; total, 100 miles.
Lease provides for Interest on bonded debt of two companies and 8% on
$2,000,000 stock of P. 3b R. Falls Ry. and 2% on $300,000 stock of R. F. 3b
The company is Itself leased to the Maine Central RR.
Rangeley Lakes RR
V. 84, p. 868; V. 85, p. 922.
Inooiporated Mch. 28 1907 with $1,000,000
authorized stock.—(V. 84, p 932; V. 85. p. 922.)
PORTLAND UNION RAILWAY STATION.—Stock. $50,000. Bonds
guaranteed Jointly by Boston 3b Maine and Maine Central.
PORT READING RR.—Owns 21.21 miles of road, completed Sept. 1892
from Port Reading Juno.. N. J., to coal piers on Staten Island Sound; sid¬
ings and laterals, 49.55 miles; total, 70.76 miles. Capital stock authorized,
$2,000,000; par, $100, all owned by Reading Co., $1,555,000 being deposi¬
ted under its general mortgage of 1897 and $440,000 under its Jersey Central
collateral mortgage —(V. 55 p. 544, 639. 680.)
POTOMAC FREDERICKSBURG St PIEDMONT RR.—(3-ft. gauge).—
Fredericksburg to Orange Court House, Va.,37.6 m. Stock, $460,000;par.
$100.
Of the bonds ($750,000 authorized), $450,000 Issued to refund
the old bonds which matured and for improvements and equipment, and
remaining $300,000 are Issuable on vote of stockholders, v. 89, p. 470.
Pres., L. Harry Richards; V.-P. and Treas., Geo. W. Richards; Sec., J. L.
Savage. Office, Fredericksburg, Va.—(V. 89. p. 470.)
POTOSI St RIO VERDE RY.—Owns a narrow-gauge road from City of
San Luis Potosl, Mexico, to Hacienda Alvarez, 40 miles. Has concessions
for 99 years expiring Nov. 4 1985, when railroad becomes the property of
the Mexican Government.
Pres., Robert S Towne; Sec., R. E. Salford,
82 Beaver St., New York.
PROVIDENCE St WORCESTER RR.—Owns from Provldenoe. R. I., to
Worcester, Mass., 44 miles, of which 5 miles are owned Jointly w th Boston 3b
Providence; branches 7 miles; total owned 51 miles; July 1 1892 leased for
99 years at 10% per annum on stock to N. Y. N. H. 3b ti.—(V. 63, p. 1064.)
QUAKERTOWN EASTERN RR.—Quakertown to RlegelsvUle, Pa.. 15
miles.
Not in operation since March 1908.
Sold under foreclosure May 0
1910 to C. C. Harring, representing the bondholders.
V. 90, p. 1207.
Stock, $180,000.—(V. 90. p. 1297.)
QUANAH ACME & PACIFIC RY.—Projected from Quanah. Tex., at a
connection with the St. Louis 3b San Francisco, to El Paso, 435 miles,
of which Quanah to Paducah, 43 m., in operation Nov. 1909.
In Nov. 1909
application was granted to Issue $1,159,000 bonds on 43 H miles from
Quanah to Paducah. V. 89, p. 1281. Pres., Sam Lazarus, National Bank
of Commerce
Bldg., St. Louis, Mo.; 1st V.P. and Asst, to Pres., Charles H.
Sommer; Sec. and Treas.. T. H. Hawkins, Quanah, Tex.—(V. 89,
V
p.
1281.)
QUEBEC 3c LAKE ST. JOHN RY.—V. 90, p. 448, 628, 772, 1045;
91
p
337
519, 791*
QUEBEC MONTREAL St SOUTHERN RY.— [See Map Del. A Huq.) —
St. Lambert, opposite Montreal, through Sorel to Plerreville, and from
Noyan June, to St. Roberts June, on the aforesaid line; total, 145 miles.
An extension will be built from Plerreville to Chaudlere June., whenoe the
new
were
Quebec Bridge te reached, a distance of 92 miles, of which 49
completed in June 1909.
The Naplervllle Junction Ry.,
Rouse’s Point to St. Constant, 27 miles, was also acquired by the Del. 3b
Hudson, and trackage from St. Constant to Montreal and
from Rouse's
Point to Noyan Juno., 16 miles; total to be 380 miles.
Stock authorized, $2,000,000; outstanding, $1,000,000 par, 3100.
In
Feb. 1908 $6,000,000 of 6% certificates were Issued to the Delaware 4b
Hudson to cover advances for construction.
V 84, p. 338; V. 86, p. 285.
Pres., L. F. Loree.—(V. 84, p. 627.)
QUEBEC ORIENTAL RY.—V. 00, p. Ill, 1491; V. 01, p. 464.
•’QUEEN St CRESCENT."—Common name for Cin. N. O. 3b Texas Pac..
Ala. Gt. Sou., New Orl. 3b N. E., Ala. 3b Vicks, and Vicks. Shreve 3b Pac.
RAHWAY VALLEY RR.—Owns Aldene, N. J., on Central RR. of N
Jersey to Roselle Park on Lehigh Valley RR.. and Summit, on the De
Lack. 3b West., completed Aug. 1906.
V. 63, p. 880. Oper. by Rahwa
Valley Co., trustee. V. 80, p. 1729. Stock, $400,000, all outstanding.
Bonds authorized. $400,000. For year ending June 30 1909, gross, $10,131;
net. $1,382.
Pres., Louis Keller, Springfield, N. J.; Sec., H. F. Dankel.
Kenilworth, N. J.—(V. 88, p. 625; V. 90. p. 699.)
RAILROAD SECURITIES CO.—Owns $9,200,000 Illinois Central stock,
of which $8,000,000 pledged for its Interest oerts (see below.)
Union Pa¬
cific on June 30 1909 owned $3,482,900 oom. and $1,935,900 pref. sUx*.
The $8,000,000 present issue of Interest certificates ($20,000,600 author-
108
RAILWAY STOCKS AND BONDS.
..
RAILROAD COMPANIES
lFor abbreviations, Ac.,
P ft R F
see notes on
Ry (Concluded) debentures
s
Miles
Road
first page]
1807
1004
•87-’80
21 1891
37 1009
40 1898
t g $350,000..c
Collateral trust bonds $500,000 sinking fund..
Portland Un Ry Sta—Bds(not mtg)Ser“A” ft”B” gs f
*ort Reading—1st M g guar by old P A R
PeP.c* &r
Jotom Fred ft P—1st M g red 105 since Dec ’00-PePJotosi ft Rio Verde—1st M $15,000 p m call 110...ac*
’rovidence ft Springfield—See New York New Haven
Tovidence Terminal—See New York New Haven &
Providence ft Worcester—Stock (10% rental)
First M (refunding) cur $1,500,000 (V 63, p 1064) .c*
Railroad Securities—Stock common $10,000,000
Preferred stock 4% cumulative $10,000,000
_
Ill Cent stock Int certs
At
Par
Value
Date
Bonds
Amount
Rate
When
Outstanding
%
Payable
$500 ftc
500 ftc
1,000
1,000
1,000
1.000
TTa
Hartf ord
51
51
1897
100
1,000
100
100
1.000
....
«...
...
....
...
$350,000
500,000
300,000
1,500,000
450.000
0568,000
4
4
4
5
4
6
3,500,000
1.500.000
10
galelfh ft Southwestern—See Chesapeake ft Ohio
...
m .
.
22
7.4
40
40
...
Reading Company—Common stock.....
First preferred stock 4% non-cumulative.
Second preferred stock 4% non-cumulatlve
Gen M $135,000,000 g s f not subj to call.-Ce.o* ftr Text
Jersey Central coll trust mtge g red 105..PeP.o*ftr
Philadelphia Subway M $3,100,000 gold
PeP
500
1909
1880
1000
1862
1864
1.000
1,000
100 fto
1,000
1.000
50
50
1877
...
....
...
....
50
...
...
Wllm ft Nor stk tr ctfS gred 105
(V72,p340).GP r
...
Equipment trust Series E $5,300,000 (V 84, p 1308)
1897
1001
1007
1900
1907
1,000 &0
1.000
1.000
g
g
g
F
F
J
J
J
A
350.000
F
4 g
200.000 See text F
137,000
5 g
M
374,000
5 g
J
150.000
6 g
A
„
---
apidCity Black Hills ft West—1st M red text—c&r
Raritan River RR—First mortgage gold.c
Reading Belt—1st M g $750,000 gu p ft 1 (end) ..QP.c*
Reading ft Columbia—First mtge (ext In 1882)
c*
Second mtge coupon (extended In 1884 ft 1004)—c
c
Debentures
g
ft
ft
ft
ft
ft
ft
A
A
J
J
D
O
Last Dividend
and Maturity
350.000
5 g
400,000
6 g
750.000
4 g
660,000
5
350,000
4
1.000.000
6
70,000,000 6 in 1910
28,000,000 4 in 1010
42.000.000 4 In 1010
75,202,000
23,000.000
867,000
1,295,000
N‘neJ’ly’10
M
ft
ft
ft
ft
ft
July ’27-Jan ’20
Jan 1 1041
June 11940
Oct 1 1018
A Feb 1 1956
A Feb 1 1056
S Mch 1 1943
D Junel 1065
O Oct 1 1917
N
J
M
S
M
s
J
D
J
D
F
A
M
S
M
N
4 g
J
ft
J
4 g
A
ft
O
F
ft
A
SHg
4 g
K
Q
4 Vi g J
ft
J
J
ft
ft
ft
ft
ft
ft
ft
ft
ft
—
May 1 1930
Jan
1 1930
Sept 1 1050
Mch 1 1012
Sept 1 1012
Dec 1 1017
LXXXXI.
Places Where Interest and
Dividends are Payable
Portland, Me
Aug 1 1027
Feb 1 1024-34
Q —M Sept 30 '10.
4
A
ft
O Oct 1 1047
3.486.420 See text See text July 2 1906
4
1.036.000
In 1910 A
ft
O Oct 1 1910
8,000.000
4 g
J
ft
J Jan 1 1052
1002
d Air Line R y.
43 1006
200 ftc
43 1006
200 ftc
Consol mtge bonds $1,000,000 gold red text
c*
32
1003
1,000
Raleigh ft Southport—R ft 0 F 1st M $310,000 g. K.c*
61
1005
1,000
Raleigh ft Southport first mtge $2,000,000
K
1007
1.000
do
do
$200,000..
general mortgage
N
gold Ser A red 105..Us
Raleigh ft Augusta—Raleigh ft Qaston—See Seaboar
Raleigh ft Charleston—1st prior lien bds g red text.c*
cum
[VOL.
do
do
and Boston
Reading Terminal, Phlla
Penn Co for Ins.&o.Phlla
82 Beaver St. New York
2 Vi Checks maUed
Hospital Tr Co. Prov. RI
2 Vi Checks mailed
2%
do
Offloe, 120 B’way, N Y
International Tr Co, Balt
do
do
Knickerbocker Tr Co.NY
Knickerbocker Tr Co,NY
New York Trust Co, N Y
Columbia Trust Co, N Y
New Jersey Title G ft Tr
Reading Terminal, Phlla
do
do
do
do
do
do
Aug 1 1010 3% Reading Term Bldg. PhU
do
do
Sep 101010 2%
Nov 101010 2%
do
do
Jan 1 1907
J P Morgan ft Co, N Y
do
do
and Phlla
Apr 1 1051
Feb 1 1957
When drawn
Girard
Trust
Co,
PhUa
'
a
$32,000 held by sinking fund June 30 1009.
feed) are secured by a like amount of Illinois Central stock, interest at 4%
(cumulative) being payable If received from dividends on the shares pledged,
the stock Itself being deliverable to the holders of the certificates at maturity
unless the option to oallat 105 la In meantime exercised. V. 74, p.937.1030.
Dividends on preferred In 1002 to Oct. 1010. both Inclusive, 4% yearly
(paid A. ft O.) On common. $K% Deo 20 1005. July 1006, 2tt%.
RALEIGH ft CHARLESTON RR.—Owns Lumberton. N. C.. to Marlon.
8. C.. 43 m.
V. 81. p. 1241, 1437. Stock authorised. $850,000.
Of the bonds (International Trust Co. of Maryland, trustee). $350,000
are 1st mtge. prior lien 4s and $1,000,000 consols, the first ten coupons on
the latter to be paid In cash up to 4% as earned, the balance In 10-year 6%
Interest-bearing scrip, with Interest payable semi-annually and subject to
call at par.
Of the consols $350,000 are reserved to retire the prior Hens
and $450,000 tor future extensions and Improvements
V. 83. p. 07.
Year ending June 30 1010, gross, $81,523; net, $24,864.
Pres., Langbourne M. Williams, Richmond, Va.; Sec. ft Treas., W. R. Storrs, Rich¬
mond, Va.—(V. 82, p. 620; V. 83. p. 07.)
RALEIGH ft SOUTHPORT RY.—Operates Raleigh, N. O.. to Fayette¬
m of trackage; of which Lllllngton to FayettevUle.
30 m„ was completed Aug. 1906.
Extension from Fayetteville to Clark*
ton, N. C., 45 miles, suspended for present In Sept. 1910.
Successor June 1
1905 to Raleigh ft Cape Fear RR.
V. 80, p. 2400. Stock $600,000.
Consols (see table above) are limited to $8,000 per mile (of which $1,000 for
ville, 64 miles, lnd. 2
equipment), except $30,000 to be issued on bridge over Cape Fear River.
Of the bonds, $167,000 were reserved to retire the old bonds.
V. 82, p. 020.
EARNINGS.—3 mos., 11010
Gross, $36,816; net, $10,321
July 1 to Sept. 30.
11009
Gross,
34,270; net,
11,751
Year 1000-10, gross, $155,081; net. $59,759; charges and taxes, $42,747;
bal., sur., $17,012; In 1908-00, gross, $140,372; net, $50,807. Pres..
John A. Mills; Sec. and Treas., F. T. Ricks.
Office,\RaleIgh, N. C.—
(V. 82, p. 020; V. 86, p. 1226.)
RAPID CITY BLACK HILLS ft WESTERN RY.—See page 165.
RARITAN RIVER RR.—South Amboy to New Brunswick. N. J., 13
miles; branches, 0 miles; total, 22 miles. Stock authorized. $1,000,000;
Issued. $400,000; par, $100. Dividends paid In 1002-03|and 1003-04 4%
yearly; In 1004-05,4H%;in 1005-06,5H%: lull006-07,6%; 1007-08. 5)4%;
1908-09, 5%; 1009-10, 7%. Year end. June 30 1010, gross. $205,017; net,
$03,280; lnt., taxes, &c., $37,170; dlvs. (7%), $28,000; surp., $28,115.
Pres., Wm. G. Bumstead; Treas., Chas. H. Sisson.—(V. 85, p. 1463.)
READING BELT RR —Belt railroad 7.4 m. In length around Reading,
Pa., opened May 1002. V. 71, p. 751. Stock, $750,000, aU owned by
Reading Company. Road leased to Phlla. ft Reading Ry. for 009 years
from July 1 1002 for lnt. and taxes and 4% on stock.—(V. 74, p. 1000.)
READING ft COLUMBIA RR.—Owns Columbia to Sinking Springs, Pa.,
40 miles; branches, 14 miles; operates Marietta Junction to duckies, 6 miles:
total operated, 60 miles. Stock. $958,373 (par. $50) * of whlch1$788,200.
together with $9,500 1st mtge., $03,000 2d mtge. and2$1,000.000 deben¬
tures. are owned by Reading Co., all except $3.200|stock and $58,000 2d
mtge., being deposited under Its general mtge.
Year 1900-10, gross, $354,435; net, $96,091.—(V. 78, p. 1008.)
READING COMPANY—PHILADELPHIA ft READING RY.—(.See
Map.)—The Phlla. ft Reading Ry. operates In connection with the great
anthracite coal properties of the Philadelphia ft Reading Coal ft Iron Co. In
the Schuylkill region. Pennsylvania, a system of roads centering at Phila¬
delphia, extending to Hazleton and Williamsport on the north, and westerly
to Harrisburg, Shlppensburg and Gettysburg In Pennsylvania and Wil¬
mington, Dei., on the south; also easterly In N. J. to Atlantic City and Cape
May on Atlantic Ooean. and to Port Reading on N. Y. harbor, viz.:
Lines owned in fee.
Miles.
Leased lines—(Con.)
Miles.
Phil, to Mt. Carbon, &c.. and
Phlla. ft Reading Term. RR..
1.2
,
branches
128.60
Lebanon Valley branch
58.87
Lebanon ft Tremont branch.. 49.78
Reading Belt RR
PhUadelphla
ft Frankford RR*
7.2
2.6
Mahanoy ft Shamokln branch. 50.69
Schuylkill ft Susq. branch
53.35
Tot. leased (2d track 337.0) 645.7
Entire stock owned—
1.80 Chester ft Delaware RR
3.1
West Reading branch
Rupert ft Bloomsburg
1.6
Total (2 tracks, 183 miles) .352.18 Mlddlet'n ft Hummelit’n RR.
6.3
Lines leased—(See each Co.).
Tamaqua Hazleton ft N. RR.
0.0
Colebrookdalo RR
12.8
Controlled—
East Pennsylvania RR*.
35.4 Central RR. of New Jersey... 648 2
Allentown RR.*
4.4 Reading ft Columbia RR.*
30.6
Little SchuylklU Nav. ft RR.*
31.5 Lebanon ft other branches...
13.7
Mine HU1 ft Schuy. Haven*..
30.1 Read. Marietta ft Han. RR..
5.0
New York Short Line
0.3 North East Penn. RR.*
25.5
Mt. Carbon ft Pt. Carbon RR.*
2.4 Phlla. ft Chester VaUey RR.*.
23.0
MU1 Creek ft Mine H. RR.*..
3.8 Atlantic City RR. ft branches* 166.5
SchuylklU Valley Nav. ft RR.*
11.0 Cape May Del. Bay ft Sew. Pt
6.3
East Mahanoy RR •
10.0 Ocean Street Pass. Ry
1.5
Shamokln Sunbury ft L. RR *
31.3 Catasauqua ft Fogelsv. RR__ 30.0
PbUa. German, ft Nor RR..*
29.0 Gettysburg ft Harrisburg Ry.*
31.1
Chestnut HiU RR *
4.0 Perklomen RR.*
38.1
Catawls8a RR.*
102.8 PhU. Newtown ft N. Y. RR.*.
21.7
Norristown June. RR
0.3 Port Reading RR.*
21.0
Norrlst. ft Main Line Conn
0.5 Pickering Valley
11.2
North Pennsylvania RR.*
86.5 Stony Creek RR
10.0
Delaware ft Bound B. RR.*..
33.8 Williams VaUey RR
n.o
SchuylkUl ft Lehigh RR.*.._. 46.0
(•See this company.)
PhUa. Har. ft Pitts. RR.*
47.7
Total controlled
1,126.7
Wilmington ft North. RR.*__ 80.5
Trackage
24.2
Total system July 1010 (2d track. 867.6 miles)
2,150.7
From the company’s docks at the extensive terminal at
Port Richmond
it operates a Une of steamers and
barges in coastwise coal traffic and provldes berths with elevators, grain drier and
accommodations for several
trans-Atlantic steamship Unes.
In Jan. 1901 control of Central RR. of
^ acQulrecL
.(V. 72. p. 86. 340. 302. 676: V. 73. p. 847.)
—The
company has the right to convert the 2d pref. stock into
ne-half first pref. and one-half common stock
See V. 647 p. 709
...
...
...
_
N'«mr»ri!ry
__
ORGANIZATION.—The Philadelphia ft Reading RR. (chartered April
Sept. 23
4 1833) and the P. ft R. Coal ft Iron Co. were sola In foreclosure
1806 and reorganized per plan In V. 61. p. 1100.
See V. 64, p. 700.
The
Reading Company” in the reorganization aoqulred the security
holdings, real estate, equipment, fto., of the old PhUa. ft Reading RR. Co.;
also the $20,000,000 stock and $20,000,000 bonds of the Phlla. ft Reading
Ry. and the $8,000,000 stock of the Coal ft Iron Co.
The right to mine
ooal. given by charter. Is protected by State Const, of 1873. V. 82. p. 303.
Property of Reading Company.
Railway equipment leased to Ry. Co
$33,783,761
Real estate not appurt. to RR. (ann. revenue about $175,000).
16,875,163
OoUlers and barges leased to Ry. Co. for $115,000 yearly
3,768,818
Leased and new equipment
...
P. ft R. Ry. stock, $20,000,000. and bonds. $20,000,000, par..
Philadelphia ft Reading Coal ft Iron stock at par
Miscellaneous securities at par (In 1806 yielded $765,000)
Mtges. and ground rents at par (not under 1806-07 mtge.)
Int. In Phlla. ft Reading Ooal ft Iron above securities owned..
Claims against other companies, fto
...................
8,015,05$
40,000,000
8,000,000
78,682,307
248,182
75,305,787
0,484,415
Total June 30 1010 (see V. 01, p. 708)
.$274,253,582
Property of Philadelphia A Reading Coal A Iron Co
Coal lands owned. 01,640 acres, with improvements......... $65,511,058
Coal lands leased, 7,323 acres.
Timber lands owned, $841,568: New York and Eastern depots,
$790,007; Western depots. $1,351.571: ooal on hand and other
current assets. $0,782,443; depletion fund. $300,004
13,065,683
Stocks and bonds of companies controlled, nearly all of which
are collateral for loans created prior to 1896
0,563,013
Stocks, bonds and mortgages.....
.........
.....
72,751
Total assets, per books, June 30 1010
$88,214,307
Offsets—CoU. s. f. bonds, $1,170,000; cur’nt llabU’s, $2,257,085
$3,427,085
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
6
oents
year.
per ton on all ooal mined by the Coal ft Iron Co. during the preceding
If the aggregate of dividends so declared exceeds that sum; otherwise
such lesser sum as shall equal the dividends so dedared.
Under this pro¬
vision general mtge. 4s (not callable) were purchased and canceled as fol¬
lows: 1900 to 1905, $2,464,000; 1906, $493,000; 1907, $454,000; 1908,
$544,695;
1900, $471,000;
1910, $434,000.
DIVIDENDS—
’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’00.
1010.
First preferred
% 434444444
4
Second preferred
% 0
0
1H 4
4
4
4
4
4
4
Common
% 00003)44444
6
On 1st pref., 2% declared payable Sept. 10 1910 and 2% March 10 1011.
BONDS.—>The General Mortgage 4s (abstract V. 64, p. 612) are secured
by a 2d mtge. and pledge of all properties and securities embraced In the re¬
organization, and also all other property acquired thereafter by use of the
new bonds.
The mtge. Is also subject only to the bonds for which reserva¬
tion Is made, based upon properties or securities of all the lines of railroad
owned. Including the Phlla. ft Reading Ry. Co. proper, 365 m.; various
leasehold lines, 635 m.: all the property of the Coal ft Iron Co., or the
securities thereof; equipment valued at about $18,000,000, also marine
equipment. Also a first Hen upon a majority of the stock of various com¬
panies owning 453 m. of railroad, and also on various bonds—list In V. 64,
p. 613, 709.
Of the $135,000,000 4s of 1897, $50,910,000 were In July 1910
reserved to take up undisturbed bonds and $2,000,000 for construction,
equipment, fto., at not over $1,500,000 per annum; of the issue, $4,888,000
had been canceled by the sinking fund and $1,500,000 of the bonds Issued
had not been sold.
V. 77, p. 2090; V. 83. p. 272: V. 84. p. 221.
Improvement mortgage 6% bonds of 1873 due Oct. 1 1897 were extended
at 4% for 50 years from April 1 1897, payable In U. S. gold, and guaranteed
principal and Interest 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% till Mch. l
1037, the Reading Co. and the Coal ft Iron Co. becoming responsible.
See V. 65, p. 870, for oontract.
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 Jan. 1895 ”Supp.*'
The bonds were In
1902 extended to Feb. 1 1032 at 4%. p. ft I. being guar, by the Reading Co.,
and sink, fund reduced to $30,000 yearly , V. 72. p. 242: V. 74, p. 206.
The Philadelphia Subway Loan of 1804-08 Is payable after 10 years from
date in 20 annual Installments, to secure which $500,000, bearing Interest,
has been deposited, and $100,000 yearly Is being set aside In monthly In¬
stallments.
See V. 58. p. 1110; V. 62. p. 050; V. 63. p. 881; V. 71. p. 758.
The Philadelphia Subway 3 Via of 1007 are Issuable from time to time up to
a total of $3,100,000 to reimburse the company for Installments of one-half
of the city loan and Interest as paid, averaging $178,000 yearly until the
end of 1022.
V. 81. p. 1437; V. 82. d. 281: V. 84. p. 571; V. 85, p. 731.
The Jersey Central collateral trust bonds ($23,000,000 present Issue) are
secured by deposit of $14,504,000 Cent. RR. of N. J. (cost $23,200,000) of
the $27,431,800 stock outstanding, $1,495,000 Perklomen stock and $440,000 Port Reading RR. stock, the remainder of the $45,000,000 authorized
being reserved to acquire the minority stock of the Central Co. They are
subject to call (since Apr. 1006) on any Interest day at 105 and interest, on
60 days* notice.
See abstract of mtge., V. 72, p. 487; V. 73, p. 847.
GENERAL FINANCES.—In Feb. 1910 the dividend rate on common
raised from 4% to 6%.
In 1909-10 the Central RR. of N. J. paid 4%
was
‘‘special” divs., netting the company $580,160 on its holdings. V. 90,p. 1614.
LATEST EARNINGS.—From July 1 to Aug. 31 (2 mos.) results were:
2 Mos.
to Aug SI
P. A R. Ry.
Coal A Iron
All Cos.
Read. Co.
Total Net.
Gross.
Net.
Gross.
Net.
Net.
$
$
$
$
$
$
1910
7,058,673
2,302,678 3,399,769 df.355,660
289,123 2,326,141
1909
6,602,862
2,298,639
3,377,259 df.156,166
293,367 2,435,841
Charges, all companies, 2 mos. 1910, $1,770,000; bal., sur., $556,141
do
do
do
1.799.942;
635.89
1909.
bal., sur..
„
..
B1O0ND9S
RASATINOLWCDKY
19 0.]
Oot.,
MAN
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RAILWAY STOCKS AND BONDS.
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113
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first
page]
Miles
Date
Road Bonds
Reading Company—(Concluded)—Old PhUa & Readin
Delaware
River Terminal purch money M gold__c*
Delaware River Term ext purch
money M gold-.c*
cMortgage loan of 1808 gold extended
In 1808..cAr
tConsol mortgage ($8,102,000 are gold 6s)__FP.oAr
gimp M gold ext In ’07 (See V 05, p 870) g-PeP.cAr
tConsol mortgage 5s ext In 1807 (V 05,
p 278) __cAr
(Terminal mortgage gold (See V 84, p 85)
c* Ar
(Philadelphia City Subway Loan guar $8,000,000..
(Philadelphia & Reading Coal & Iron—
(Col s f gold loan (RR) guar p A1 extended lnl902
Rensselaer « Saratoga—Stock 8% guar D A H (end)
First mortgage. Interest rental
o* Ar
Richmond Fredericksburg & Potomac—Com stock..
Dividend obligations (same div as common stock).
Stock guar 7% except $10,800 guar 0%..
Consolidated mortgage $500,000 gold
Ce.o* Ar
General mortgage $4,000 000
SRich A Meek—First M $815,000 gold (V 00. p 801)..c
Richmond & Petersburg—See Atlantlo Coast Line RR
ich-Wash Co—Coll trust gold guar red 105--N.c*Ar
lo Grande Junction—Stock
First mortgage gold guaranteed
Ce.c*
Rio Grande Southern—First mtge gold $2,277,000
Rio Grande Western—See Denver A Rio Grande gu
Rochester & Genessee Val—Stock 0% rental Erie RR
Rock Island Ark & Louisiana—See Chic R I A Pacific
(The) Rock Island Co—Common stock $00,000,000..
Preferred stock (see text) non-cum $54,000,000
Bonds—See Chic R I A Pac RR, Chic R I A Pac
Ry
-----
g
RR —Bon
1802
1802
148 1808
254 1871
825 1873
827 1882
mJL
1801
&
Clinton—Stock
ds
102
70
82
’si
$1,000
1,000
1,000
200 Ac
500 Ac
1,000
1,000
1871
1,000
100
1800
1003
1808
100
100
100
1.000
Various
1,000
1003-0 1,000 Ac
100
02 1880
1,000
180 1800
1,000
18
100
100
100
1007
(rental guaranteed)
1,000
100
100
Note—General mortgage of 1807 requires that the R
eadlng
Co
an
$44,214,015 $30,060,234 $30,878,882
28,634,270 25,631,400 26,305,056
Net earnings.
$15,580,636 $13,428,834 $13,482,026
1,213,160
1,207,027
2,785,713
Total net income.
Coal A Iron Co.—Receipts.
$16,703,805 $14,635,861 $16,268,630
$33,217,036 $34,702,604 $38,014,421
33,200,610 34,618,844 37,680,640
Expenses
Net
earnings
$17,317
Reading Co.—Net Income.
*0,013,701
Net earnings, all Cos
Fixed charges, taxes A sink, fund
Dividends on 1st pref. (4%)
Dividends on 2d pref. (4%)
Dividends on common
Surplus
for year (all Cos.)
*
Includes $1,153,146 profit
$173,850
0,042,180
$324,772
5,405,144
$25,824,013 $23,851,801 $24,088,555
15,482,180
15,282,645 15,184,407
1,120,000
1,120,000
1,120,000
1,680,000
1,680,000
1,680,000
(5)3,500,000 (4)2,800,000 (4)2,800,000
$4,042,724 $2,060,246 $3,304,058
Lehigh Valley stock.
Total surplus June 30 1010,
$32,858,362, from which were declared Dlv.
on 1st pref. stock,
payable Sept. 1010 and March 1011, $1,120,000; on 2d
pref., payable Nov. 1010 and May 1011,
$1,680,000, and 3% ($2,100,000)
on com. stock, paid
Aug. 1 1010. V. 01, p. 703.
OFFICERS.—Pres., George F. Baer; V.-P. and Sec., W. R.
Taylor;
Treas., H. E. Paisley; Comptroller, George
Ziegler.
Directors.—George F. Baer, Henry C. Frick, E. T. Stotesbury, P. A. B.
Wldener, Henry A. Du Pont, Henry P. McKean, Samuel
Dickson, Oscar G.
Murray, Geo. F. Baker. Office, Reading Terminal,
Phlla.—(V. 01, p. 793.)
RENSSELAER A SARATOGA RR.—(See Map Delaware A
Hudson.)
Road owned—
Miles
Leased—
Miles.
Troy to Lake Champlain...
70 Albany to Waterford Junction
12
Ft. Edward to Caldwell
15 Schenectady to Saratoga
.22
Eagle Bridge, N. Y., to Rutland.
Vermont Line
Vt
on sale of
62
to
Castleton, Vt
7
LEASE.—Leased in perpetuity May 1 1871 to The
Delaware A Hudson,
which, Dec. 1008, owned $800,000 of stock;
rental, 8% on the stock and
interest on bonds.
Guaranty on stock, V. 56. p. 773.
RICHMOND FREDERICKSBURG A POTOMAC
RR.—Owns from Rich¬
mond, Va.. to Quantlco, 70 miles; James
River branch, 3 m.; leases Con¬
nection RR. In Richmond. 1.21 m.;
total.
83 m.; double-tracked.
The
dividend obligations carry no
voting power.
Rich. A Petersb. Connection
RR. stock of $140,000 receives 8%
dividends under lease.
The
R.
F.
A
P.
RR. guaranteed stock Is secured
The Rlchmond-Washlngton Co. by mortgage.
(see below) in 1001 took over
of the $1,316,000 com. stock, the
$047,200
road being operated as
part of ’’union”
line by Rich. Fred. A Potomao
officials.
V. 74. p. 140.
DIV. on stock and) ’05. '06. ’07. ’08.
’00. 1000-04. *’05 to’00.
1010.
dlv.obllgat.,
%j 7
7
6)1 7
7
8 yearly.
*
0 yearly.
0
Also In Jan. 1007 25% In dividend
obligation^. V. 83, p. 1525.
BONDS.—Of the gen. 3 He of 1003 due
Apr. 1043 ($4,000,000 author¬
ised), $3,500,000 were Issuable for
double-tracking and Improvements (of
which $2,680,000, outstanding. Is
owned by
Rlchmond-Washlngton Co. and
pledged under Its mtge.; V. 81, p. 1178), the
remaining $500,000 being re¬
served to retire the consol. 4 J*s at
maturity. See V. 77, p. 2388, 2301.
REPORT,—Year ending June 30 1010 showed
Gross, $2,331,548; net,
$011,627; other lnoome, $3,707; charges,
$173,043; approp’ns to maintain
earning power and
offset obsolescence,
$277,805; dlvs., $325,044; special
contingent fund, $23,315; bal., sur., $116,127.
Pres., Wm. H. White,
Richmond, Va.—(V. 84, p. 1183.)
RICHMOND-WASHINGTON
a
“union’* line,
Washington. D. C., to Richmond. COMPANY.—Controls
Va., 115
In the joint interest of the
following roads, via., the Pennsylvania RR.,miles.
Baltimore A
Ohio
tic Coast Line Co., Southern
Atlan¬
Ry., Seaboard A. L. Ry. and Ches.RR.,
A O. Ry.,
each of which owns 1-6 of the
$2,670,000
capital
stock.
Dlvs.
In
1003 to 1005, lncl., 4% y’ly;
1002, 3%;
1906 and 1907,
Incorporated on Sept. 5 1901 and acquired none; 1908 and 1009, 4%.
$947,200 of the voting capital
stock of the Richmond
Fredericksburg A Potomac RR. and the entire stock
of the Washington Southern
Ry., Long Bridge to Quantlco, 36 miles.
The collateral trust 4s of 1003
($11,000,000 authorized Issue) are guaran¬
teed. jointly and severally, prin.
and
by the six roads named
above; of the bonds, $0,500,000 (Ser- AInterest,
to D) have
tracking and improvements. V. 77, p. 620, 605; V. been sold for double¬
78, p. 584, 1303; V. 84.
p. 932.
This collateral consists of
$2,680,000 Richmond Fred. A Potomao
gen. $Hs, $947,200 common and
$236,800
dividend
obligations and $3,880,000 Washington Southern 1st 4s
and $3,880,000 stock
of latter).
(being entire Issues
See form of guaranty. V.
77.
p. 2301; V. 81. p. 1178.
year 1009, Int. on Investments and
Cal.
deposits,
$534,495;
int., taxes, Ac..
$386,414; dividend (4%), $106,800; bal.,
sur., $41,281.—(V. 84, p.
032.)
RIO GRANDE JUNCTION RY.—Owns road
Rifle Creek. Col., to a con¬
nection with the Denver A Rio
Grande at Grande Jet.. 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 A
Rio Grande at 30% of
gross earnings, which
companies jointly and severally
guaranteed the bonds,
principal and Interest. Of the stock the Denver
Rio Grande owned
A
$1,221,150 on June 30 1010. First
dividend. 1898.
f?
1*°1.
75;
1002.
$4; 1903, $3 00; 1004,
$4 25; 1905, $3 75; 1006, $4
25; 1007 to 1010, 5% yearly.
Vear 1008-09,
gross. $080,114; rental.
$296,734.—(V. 78, p. 2385.)
RIO GRANDE SIERRA
MADRE A PAC. RR.—See Mexico N. W. Ry.
RIO GRANDE SOUTHERN RR.—(See
Map Denver A Rio.Grande.)—
Owns narrow-gauge
road Ridgeway. Col.,
southerly to Durango, 162 miles,
•n<* nranches. 18 m.
Stock. $4,510,000; June 30’10
$3,579,737, owned by
Rate
When
%
Payable
Last Dividend
and Maturity
LXXXXI.
Places Where Interest and
Dividends
are
Payable
Mortgag so/1807.
5 g
6 g
5 g
2.808,000
18.811,000
0,363.000
MAN May 20 1042
J July 1 1042
J
A
A
A
J A
A
A
O Oct
D June
O Apr
MAS Mnh
6 g A 7
4 g
4 g
5.766.500
8,500,000
Q—F
aIh
3
1,200,000
10,000,000
Guarantee Trust Co, Phil
do
1 1033
1 1011
F
J
do
Reading Term Bldg, Phil
do
1 1047
and London
Reading Term Bldg, Phi?
1 1037
do
do
Prov Life A Trust. Phlla
May 1 1041
To 1021
4 g
8
7
City Treasury
A
A
A Feb 1 1032
Reading Term
J July 1 1010 4% Del A Hudson Bldg, Phil
Co, N Y
MAN May 1 1021
do
do
J
A
J July 1 ’10 4H%
Richmond, Va
J
A
J July 1 *10 4H%
do
MAN Nov 1010 4 H%
do
A
A
O Apr 11040
N Y. Phlla or Richmond
A
A
O Apr 1 1043
Richmond
MAN Nov 1 1048
J P Morgan A Co
2,000,000
1,316,000 0 In 1010
1.704.300 0 in 1010
500,400 0 In 1010
500,000
4H g
2,680.000
3H
315,000
4 g
0,500.000
J
A D June 11043
S
New York Trust Co, N Y
2.000,000 5 In 41010
Yearly Feb 23 ’10 5% I Maitland. Coppell
A Col
2,000,000
5 g
J
A D Dec 1 1030
\ 52 William St, N Y j
4.510,000
4 g
J
A
J July 1 1040
Maitl’d, Coppell A Co,NY
.
555.200
6
J
00,742.100
40.845,180 See text
8,000.000
5 g
10.000.000
J
5
n
A
J July 1010 3%
Q—F
345,360 See text J
d Readin
ANNUAL REPORT.—Report for 1010-10 was given
at length In V. 01.
p. 785, 703.
See also editorial, p. 750.
Years ending June 30—
1000-10.
1008-00.
1007-08.
Other Income, Ac. (net)
$500,000
800,000
1.843.500
1802
Watertown A Ogdensburg—Stock guar (end)..
Railway company—Receipts
Expenses (lncl. renewals, Ac.)
Amount
Outstanding
Under lying Genera I
*04-*08
Sock Idand-Frisco Term—1st M gold guar jointly, .c*
ome
ome
Par
Value
[VOL.
Co shal 1
Erie RR Co, New York
Checks mailed
do
Nov 1 1005 1%
A
A
J Jan 1 1027
New York or St Louis
J July 1010 3%
By check,
Q—F Nov 15 ’10. 1 H Grand CentClinton, N Y
Station, N Y
berespo
nslble for all old
bonds marked
z
above
A
RJo Gr
plicationto N.
See V. 63, d. 404. Mtge. abtsract. V. 54. p. 163. and ap¬
Y. Stock Exchange in V.
54, p. 446; V. 61, p. 1014.
Of the
are guaranteed
by D. A R. G.; V 70, p. 791. See guar¬
anty, V. 70, p. 1295.
For year ending June 30
1910, gross, $546,520; net after taxes,
$126,377;
912,510; Int., rentals, Ac.. $202,870; deficit
for year, $63,992.
In 1008-00.
gross, $576,152: net, $168,105.—(V.
01, p. 397.)
RIO GRANDE WESTERN
RR.—See Denver A Rio Grande RR.
bonds, $2,277,000
ROCHESTER
A GENESSEE VALLEY RR.—Avon to
Rochester. NY.
Leased 1871 In perp. to Erie
Ry. Rental. $34,012.—(V. 70. p. 2458.)
(THE) ROCK ISLAND CO.—(See
Maps, pages 110, ill.)—Incorporated
In New Jersey on
July 30 1002 and acquired, per plan
V. 75, p
entire
stock ($145,000,000) of the
Chicago Rock Island A Pac. Railroad 240,
(new com¬
pany), whose bonds, together with the stocks of The
Rock Island Co., were
Issued In exchange for $71,207,400
of the $74,877,200 stock of the
R. I. A Pacific Railway—which
Chic.
see.
In Sept. 1010 the El Paso A South¬
western Ry., controlled
by
Phelps,
Dodge
A
Co.,
acquired a large block
of pref. stock,
reported at $10,000,000 to $18,500,000. V. 91,
in Aug. 1907 TneChlc.
p. 717.
R. I. A Pac. Ry. sold
majority holdings In Chicago
A Alton stock to Toledo St.
Louis A Western.
V.
18
m.
85, p. 470.
In Dec. lOOO the
$28,940,300
acquired in 1003
of the $29,000,000 St. Louis A San
Francisco
was sold.
The sale resulted in net reduction
of $9,864,180 In funded debt
created on account of the
purchase, relieving
the company of an annual fixed
charge of $493,209. V. 89, p. 1667,
1484.
STOCK.—Common stock authorized, $96,000,000;
preferred, $54,000,000.
The stock of the controlled
Issued and acquired, and
amounts of The Rock Island Co. stockcompanies
Issued therefor, follow: V.
common stock
76, p.1408.
Total
Total
—Rock I si. Co. issues—
June 30 1010—
issued. \
acquired.
Common.
Preferred.
Ch. R. I. A Pac. Ry
$74,877,200 $71,207,400 $71,207,400 $49,845,180
St. L. A S. F. com. stock
20,000,000 28.040,300
19,534,700
The preferred stock Is
preferred as to capital and also as to non-cumulatlve dividends at the rate of
4% yearly for 1003 and thereafter to and In¬
cluding 1000, then 5% for 1910 and thereafter to 1916,
Inclusive, and there¬
after 6%.
The preferred stockholders are entitled to
elect a majority of the
directors.
The authorized amount can
only be increased with the consent
of two-thirds of each class.
.
DIVIDENDS.—Dividends on pref., Feb. 1003 to Nov. 1905, both
lncl..
1% quar. (Q.-F.); none since to Oct. 1010.
BONDS.—As to The Chicago Rock Island A Pacific
Railway refunding
mtge. of 1004. see that Co. and V. 78.
p. 228. 234; V. 70. p. 1716, 2206.
STATEMENT as to securities, rights of
shareholders, Ac., V. 75. p. 1157.
EARNINGS.—For results of
Pacific Ry. and Its leased and operations of The Chicago Rock Island A
auxiliary lines, see that company.
The combined income account of The
Rock Island Co. and the
Chicago
Rock Island A Pacific Railroad for the
year ending June 30 1910 (see
report “Chronicle” Oct. 29 or Nov.) Is as follows:
Dlvs. on C. R.I. A
Other Income
1900-10.
P.Ry. stock owned $3,538,088
1008-09.
1907-08*
$3,690,372 $3,681,835
25,983
21,731
32,296
Total Income
$3,564,071
$3,712,103
$3,714,131
Expenses and taxes
$43,913
$10,928
$31,235
Int. on C. R. I. A P. RR. bonds...
3,648,790
3,679,966
3,673,645
Balance,
surplus, for year
*def.$128,632
•
$12,209
$9,250
“Merely a bookkeeping deficit”—see report.
OFFICERS.—Pres., Roberts Walker; V.-P., Sec. and Treas., Geo. T.
Boggs; V.-P., Asst. Sec. and Asst. Treas., H. M. Sloan:
V.-P., Asst. Sec.
ana Asst. Treas., J. J.
Quinlan.
Directors.—Wm. H. Moore, D. G. Reid, F. L.
G. McMurtry,
Hlne,
Geo.
James Speyer, D. G. Bolssevaln,
Ogden Mills, E. D. Kenna, Roberts
Walker, Perclval Farquhar, F. S. Pearson, Benjamin
Strong Jr., New York;
James H. Moore, E. S. Moore, H. U.
Mudge, Chicago. N. Y. office, 115
Broadway.—(V. 91, p. 276, 717, 1096.)
ROCK ISLAND FRISCO TERMINAL RY.—Furnishes
part of St. Louis
terminals of the Rock
Island and St. Louis A San Francisco
systems.
new freight station and yards in St.
R. I. A Pac., St. Louis A San Fran, and Chic. ALouis, Mo., the Chicago
E. Ill. contributing pro¬
portionate amounts equal to operating expenses, taxes and fixed charges.
Will also construct about 30 miles of road.
Incorporated
9 1006;
V. 84, p. 929.
Auth. stk., $5,000,000; outstanding, $500,000.April
The bonds
(see above) are jointly guaranteed by endorsement
by the Chic. R. I. A
Pac. and St. Louis A San Fran. Co.
Merc. Trust Co. of St. Louis Is trustee;
V. 84. p. 571. 740.
Pres., H. U. Mudge. Chicago.—(V. 84, p. 740.)
ROME & CLINTON RR.—Owns road from Rome to Clinton, N. Y., 13
miles.
Organized in 1860. Leased In perpetuity in 1801 to Delaware A
Hudson Canal (now D. A H.) Co. and oper.
by N. Y. Ontario A Western.
Rentals, $22,375 yearly, and taxes.
Dividends at 6J4%
(3 Vi 3.-3.) paid to Jan. 1910, but payments are to be reduced per annum
hereafter on
acoount of Federal franchise tax; 3% paid
July 1010.—(V. 91, p. 1027.)
Including
ROME WATERTOWN & OGDENSBURG RR.—(See
Map N. Y. Central
A Hud. Riv. RR.)—Owns from near
Niagara Falls to Massena
N.
Y.. 301 miles, less 27 m., Richland to East Oswego, leased from Springs,
the
Oswego
A Rome RR., and Suspension Bridge to Lewiston
Jot., 0 m.; and trackage to
Suspension Bridge, 2 m.; Richland to Rome, 41 m.; branches to
Cape
vlnoent, Ogdensburg. Pulaski, Fulton, Ao., 110 m.; total
owned, 414 miles.
Leases Utica A Black River RR. ($1,120,000 of
$2,223,000 stock owned);
Utica to Ogdensburg, and Clayton branch, 150 m.;
Oswego A Rome RR.
($202,200 of $214,000 stock owned), 27 m., and Niagara
Falls Branch RR..
9 miles; Carthage Watertown A Sacketts
Harbor, 20 m.; total, 620 miles.
LEASE.—In 1801 leased during corporate existence and
renewals to N.Y.
Central, which assumes the debt and guar. 5% on stock;
guaranty, see V.52,
Utica A Black River Is leased In
p. 463.
In Aug. 1910 $419,000 consol. 4s wereperpetuity.
sold to refund $417,800V6s due
Sept. 1 1910 and Improvements, making $9,005,000 consols,
outstanding
and closing mtge.
V. 0;. p. 277, 464.—(V. 01, p. 05,
277.J464.)
Miles
Date
Road Bonds
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Home Watert’n A Ogd (Concl)—Con $500,000 3 XsF.c
Fx
Consol mortgage
Oswego Bridge Co first mortgage
Syracuse Phoenix & Oswego first mortgage
Me
Nor & Mont 1st M gold $360,000 ($10,000 p m)__N
R W 4 Ogd Term RR first M gold assumed
c*
Oswego A Rome 1st M 7s ($350,000) and 2d M 5s gu
Utica A Black Rlv stk 7% perpet guar by RW A O
U A B R 1st M $2,000,000 gold guar p A l-.Ce.c
Rumford Falls & R L—Stock $300.000
Rumford Falls 3s R L first mtge gold sinking fund..
Mortgage, redeemable
•Rutland—Stock cum 7% pref (for common see text).
First consol mortgage for $3,500,000 gold._Us.c*&r
Ogd 3s L Ch 1st M $4,400 000 gold assumed..Ce.c*
Rut-Can first M gold assumed $1,350,000—OB.c*
Bennington A Rutland—1st ref M g assumed N.c*3cr
Second Mg assumed subj to call since 1901.-N.o*
Chatham 3s Leb Val 1st M $500,000 gp 3s 1 guar..S
Equipment trusts gold maturing $33,000 yearly...
Equip trusts $1,000,000 g $100,000 yearly.. AB.c&r
Term Co M lnt guar s f $10,000 yearly
All
All
1874
1874
1885
1885
27
38
397
120
127
43 X
59
59
58
1897
1903
.Sag Tuscola A Huron—See Pere Marquette RR.
Johnsb A Lake Champ.-lst M ($1,328,000 gu) g.c*
N
Johns River Terminal—First mortgage
Jos & Grand I si Ry—1st M $5,000,000 g..Ce.c*3sr
Lawr A Adirondack Ry—1st M $800,000 gold.N.c*
Second mortgage $400,000 gold
N
St LBr 3c Mex—1st mortgage, $25,000,000, author’d.
St Louis A Cairo—See Mobile 3s Ohio
St
St
St
St
Jtt Louis
Louis El
Bridge—See
Terminal
Railroadg Association
Reno A W—1st
M $817,000
red (text)
St Louis Merchants* BrTerm—1st Mgu p 3s 1 g._SSt.c
Merch Bridge 1st M red since Feb 1 1909 at 110..SSt
St Louis Rocky Ml & Pacific—1st M gold s f_Mp.c*&r
Secured coupon gold notes due part yearly red..Ba
St Louis A St Libory—1st M $600,000 gold red text s f
131
251
43
43
Rate
When
%
Payable
100
1,000
100
500 Ao
500 3sC
100
•
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
{See Maps N. Y. C. A H. R. RR.)—468 miles, viz.:
Miles.
Leased, Ac.—
Miles.
Lines to Ticonderoga, 3bo
Bellow’s Falls, Vt., to Ogdens18
burg, N. Y
283 Trackage (for pass, trains only)
53
to Montreal
Rutland, Vt., to Chatham, N. Y.114
Owns entire $100,000 stock and $100,000 4% bonds of Rutland 3s Noyan
RR., entire $1,000,000 stook of Rutland Transit Co. and entire $300 000
stock Ogdensburg Term. Co. V. 75, p. 1029* V. 73. p. 437; V. 72. p. 88, 822,
Jan. *05 N. Y. C. 3b H R. acquired $4,704,100 pref. stk. V. 82. p. 934.
STOCK.—In Jan. 1910 all but $199,400 com. stock had been exchanged
<or pref.—10 of com. for 1 of pref.
V. 72, p. 439.
Dlvs. on pre-\ *97. ’98, ’99. ’00. ’01. *02. ’03. ’04. *05. 1906-’08. *09.’10.
ferred
%J
0
122343100 ltt(Jan.)
o
Accumulated dividends on pref. said to aggregate 186% Jan. 1910.
.
$500,000
$605,344
540.421
In 1909;
.
1908.
$38,176
489,785
20,987
100,000
Balance, surplus
$204,005
$71,499
Directors—W. C. Brown (Pres.), Wm. K. Vanderbilt, Frederick W.
Vanderbilt, J. P. Morgan, William Rockefeller, James Stillman, Chauncey
M. Depew, W. K. Vanderbilt Jr., Geo. F. Baker and W..H. Newman, New
York; Perclval W. Clement, Rutland, Vt.; W. Seward Webb, Shelburne, Vt.;
Fletcher D. Proctor, Proctor, Vt.—(V. 91, p. 1096.)
RUTLAND 3c WHITEHALL RR.—Owns N. Y. State Line to Castleton.
Vt., 7 m.
Leased Feb. 1 1870 In perpetuity to Rensselaer 3b Saratoga RR.
(rental. $15,342—6% on stock) and so operated by Del. A Hudson.
ST. JOHNSBURY & LAKE CHAMPLAIN RR.—Owns Lunenburg, Vt..
to Maquan Bay. on Lake Champlain, 120 m., and branch from North Con¬
cord. Vt., to East Haven, 11 m.; total, 131 miles.
The road is operated In¬
dependently, although a majority of the stock Is owned by the Boston 3b
Lowell, leased to Boston A Maine.
Current liabilities June 30 1909, $598,169.
Stock, com., $2,550,000; pref.. $1,298,500; par. $50.
In 1908-09,
gross. $333,581; net, $68,738; deductions, $135,550; bal., def., $66,812.
ST. JOSEPH A GRAND ISLAND RY.—Owns St. Joseph. Mo., to Grand
Island. Neb., 251 miles; Stout to Highland, Kan., 7 m. Trackage, St. Joseph
to Gower, Mo., 20 m., and Gower to Kansas City, 41 miles.
HISTORY.—A reorganization Feb *3 1897 (per plan in V. 62, p. 784,
950) of the St. Jos. A Grand Island Railroad, sold In foreclosure.
Union
Pacific owns $3,080,000 common, $1,251,400 first pref. and $1,747,800
second pref. stock, mostly acquired In 1906.
V. 84, p. 52, 571.
STOCK.—Com., $4,600,000; 2d pref., 4% non-cum., $3,500,000; 1st
pref., 5% non-cum., $5,500,000, Issued, $5,498,500; par, $100.
DIVIDENDS (%)—
\ 1898 1899 1900 1901 1902
None
On first preferred
5
3
5
Since.
J
3
5
BONDS.—Bonds for $1,000,000 can be sold only for new mileage at not
exceeding $6,000 per mile.
See listing in V. 64, p. 1138.
EARNINGS.—12 mos., J1909-10
Gross, $1,637,355; net, $61,255
July 1 to June 30.
11908-09...
Gross, 1,570,381; net, 438,003
ANNUAL REPORTS.—Fiscal year ends June 30.
Report for 1908-09,
with balance sheet, was In V. 89, p. 1277, showing oper. revenue, $1,570,380; net after taxes, $386,068; oth. Inc., $31,099; charges, $270,043; bal.,
sur., $147,124.
In 1907-08, oper. rev., $1,609,617; net, $589,533.
Pres.,
; Sec. and Treas., C. C. TegethofT.—(V. 89, p. 1142, 1277.)
ST. JOSEPH SOUTH BEND A SOUTHERN RR.—Owns South Bend,
Ind., to St. Joseph, Mich., 39 m.
Stock, $500,000 com. and $250,000 5%
pref. Leased to Ind. Ill. 6b Iowa RR. (now Chic. Ind. A Southern) for 50
years from Feb. 23 1900, the Michigan Central assuming operation on Feb.
15 1905; 5% per annum on pref. and 2% on com. are paid Mch. 15 and
Sept. 15. In 1905 and 1907 and Mch. and Sept. 1909 paid H% extra on
common.
No bonds.—(V. 85.
531* V. 89. d. 594.)
ST. LAWRENCE A ADIRONDACK RY.—(.See Maps N. Y. C. A H. R.
RR.)—From Malone, N. Y. (on Mohawk 6b Malone) to Adirondack Jet.,
43 miles.
N Y. C. A H. R. RR. owns entire stock.
.
July 1 to June 30.
11808-09
Gross, 525.467; net, 200,596
In 1908-09, gross, $524,467; net, $194,495; other income, $2,678; deduc¬
tions, $193,367: bal.. sur., $3,806; dlv. (5%).$60.794.—(V.87,p. 1605.)
ST. LOUIS BROWNSVILLE & MEXICO RY—Owns Brownsville. Tex.,
on Mexican boundary line, northerly to Algoa, 344 m.: trackage to Gal¬
veston, Ac., 45 miles; branch from Harlingen to Sam Fordyoe, 55 m., was
opened In Deo. 1904, affording, via Nat. RR. of Mex., a through line to
City of Mexico: branch from Bloomington to Port O’Connor, Tex., on the
Gulf of Mexico, 39 miles, opened Mch. 1910; total, 483 miles.
See V. 77,
o. 350; V. 79, p. 1024; V. 80, p. 652; V. 82, p. 693. Owns one-fourth in¬
terest In Houston Belt 6b Terminal Ry.
In Mch. 1910 merged with other
goads forming part of the New Orl. Tex. 6b Mexioo division of the St. Louis
A San Francisco.
V. 90, p 699; V. 91, p. 590.
Stock as reduced March
t910, $500,000.
4
6
5 g
4
4 g
2,500,000
1,142,000
4,000,000
800,000
400,000
10.256.000
Last Dividend
and Maturity
O July 11922
O July 1 1922
Feb 1 1915
F
F
A Feb 1 1915
O Apr 1 1916
A
M
N May 1 1918
Various May 1 1915
S Sept 30 ’10 3 H
M 3b
J
3b
J July 1 1922
Q—F Nov 1 1910 H%
A
3b O Oct 1 1937
M 3b N Nov 2 1923
Jan 15 *08 1 K%
J
A
A
J
July 1 1941
J
A
July 1 1948
A
J
July 1 1949
M A
Nov 1 1937
Mch 1 1920
M A
J
A
July 1 1951
M A
Nov 1 1911-16
A
A
Oct 1911-1917
A
J
July 1916
Q- -F 15 Aug 15 ’10 1H
A
A
M
J
5*
1*
A
3b
3b
3b
3b
3s
Places Where Interest and
Dividends are Payable
V
Grand Cent Station, N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Portland, Me
Old Colony Tr Co, Boston
Un S D 3b T Co, Portland
Grand Cent Station, N Y
do
do
do
do
City Trust Co, Boston
Grand Cent Station, N Y
do
do
do
do
do
do
do
do
do
do
United Nat Bank, Troy
1944
1952
1947
1996
1996
1939
Company’s office, Boston
Aug 1 1926
N Y 3s East St Louis.
Farm L3sTrCo,NY; 3c i
Farmers L 3b Tr Co, N
Bankers’ Trust Co, N Y
do
do
Illinois Tr Co, E St Louis
3b
Mch
3b
3b
July
3b
3b
3b
July
Jan
Oct
Dec
3b
3b
3s
3b
3b
3s
5 g
1,000 NoneSep’10
—
_
4H g
4H g
115,000
817,000
RR. Lines Owned—
ending June 30 1910, net, $391,816, agst. $321,637
-Other Income, $112,636; charges, $366,672; bal., sur., $67,601.
REPORT.—Report for calendar year 1909 In V. 90, p. 691:
lfi
Deduct—
1909.
Year ending
Dec. 31.
$50,884
1909.
1908.
Rentals, Ac
RR. revenues $3,102,432 $2,755,204 lnt. on bonds.
484,183
Net, after tax.
786,281
674,461 Improve’t8,3sc
l'ob'ooo
Total net Inc.
839,072
720,447 Eq. bds., s. t.
5 g
4 g
397,000
60,000
255,700
3,500,000
2,000.000
7.500,000
573,000
miles from Roscoe, Tex., to Portales, N. M.
Other bonds Issued July 1910.
$416,000.
V. 90, p. 977, 1555; V. 91, p. 1096.
Pres., F. W. James;
Treas., Henry James.—(V. 91, p. 1096.)
For 6 mos.
500,000
500,000
500,000
1,000
1,000
1,000 Ac
1,000
6
6
5 g
5 g
5 g 3s 7
7
750,000
1,103,000
4g
1,950,000
2
300,000
5 g
400,000
4
300,000
9,057,600 See text
4M g
3,494,000
4 g
4,400,000
4
g
1,350,000
500 3sc
ROSCOE SNYDER A PACIFIC RY.—Owns Roscoe, Tex., to Fluvanna,
*
100,000
175,000
130.000
375.000
100
RR
Belt
50 miles.
As projected will extend from Roscoe. Tex., to Portales, N. M.,
-230 miles.
Stock, $150,000
First M. for $157,511 to St. Loute Union
"Trust Co., as trustee, secures a 1st M. lien to Texas 3b Pacific Ry. on 49.6
BONDS.—The Rutland treasury Jan. 1 1910 held all the
Chatham 3b Leb. 4s and $50,000 Ogdensburg Terminal 4s.
EARNINGS.—8 mos., (1910
Gross, $2,103,096; net,
Jan. 1 to Aug. 31.
\l909
Gross, 1,951,187; net,
$9,576,000 5 &3H
4
419,000
1,000
1,000
3s
Of St Louis
42 1906
1890
1889
1905
1909
1909
Amount
Outstanding
1,000
1,000
1891
1898
1899
1897
1900
1901
1901
1902
1894
1902
1897
1896
1896
1909
Par
Value
$1,000
1,000
17
13 1886
7 1888
28 *65-’91
150
150 1890
7
'ill RR—Stock (no bonds)
St Louis Belt—See Missouri 3s 1111 nols B ridge
RUTLAND RR
113
RAILWAY STOCKS AND BONDS
OOT^ 1910.]
Oct 1 1930
Feb 1 1929
July 1 1955
Apr 1 ’11-*12
Jan
1 1934
New York
Central Trust Co, N Y
New York Trust Co, N Y
Trust Co of Amer, N Y
St Louis Union Trust Co
$10,256,000 were Issued
$3,000,000 5s called for payment May 2 1910 and for float¬
ing debt and various Improvements. They are pledged under the new
St. L. New Orl. Tex. A Mex. Dlv. 5s.
In Apr. 1910 $7,256,000 were auth.
to be Issued by Texas RR. Comm.
V. 90, p. 1171.
EARNINGS.—12 mos.,11910
.Gross, $1,612,215; net, $361,360
July 1 to June 30.
J1909
Gross, 1,310,368; net, 387,362
—(V. 90. p. 772, 1171.)
ST. LOUIS EL RENO & WESTERN RY.—Guthrie to El Reno, O. T.i
42 m., opened In 1904.
Ft. Smith 6s West, acquired 51% of stock in 1906.
Stock, $970,800 July 1908.
Bonds are subject to call at 102 H on any
lnt. day, beginning July 1 1913, or at any time at par If an extension Is ar¬
ranged at a lower rate of Interest. For year ending June 30 1908, gross,
$49,667; net. Income, $1,511; lnt., taxes. 6bc.. $47,291; bal., def., $45,780.
Pres., J. C. Van Riper.—(V. 83, p. 272.)
ST. LOUIS IRON MT. & SOUTHERN RY.—See Mo. Pac. Ry. system.
ST. LOUIS MEMPHIS A SOUTHEASTERN RR.—Merged In 1907 In
St. Loute 6b San Francisco.—(V. 85, p. 531.)
ST. LOUIS MERCHANTS* BRIDGE TERMINAL RY.—ORGANZATION.—Double-track road from near Union Depot, via Main St., Hall
St., 6bc., to Ferry St., opposite the Merchants* Bridge, 5.91 m.: it owns and
controls the Madison Ill. A St. L. Ry., 1.91 m.: total, 7.82 miles.
Leases
Merch. Bridge (1.90 m.) for lnt. on Bridge Co.’s $2,000,000 bonds.
Stock
authorized, $3,500,000; Issued, to June 30 1909, $2,939,500: par, $100;
of this the Terminal RR. Association owned $1,826,200 March 1908.
On June 30 1907 there was due to Term. RR. of St. L. $935,764 for ad¬
vances under Its guaranty.
In Nov. 1893 Term. RR. Assoc’n of St. L.
Of the $25,000,000 bonds auth. In Mch. 1910,
to refund the
nds and the
by interest
endorsement
the prln.Merch.
and lnt.
Karanteed
$2,000,000
Bridge
of its6s $3,500,000 1st mtge.
on
Gross, $1,770,273; net, $642,114
EARNINGS.—12 mos., 11909-10
July 1 to June 30.
Gross,
(1908-09
443,243
1,333,977; net,
$1,333,977; net, $443,244; other lno.,
$548,584; charges, $851,555; bal., sur., $140,273.—(V. 81, p. 32.)
ST. LOUIS ROCKY MOUNTAIN & PACIFIC CO—Company owns
In fee 191,895 acres of coal lands and coal rights and surface necessary for
mining In 328,430 acres additional, east, west and southwest of Raton,
Colfax County, N. M.
350,000,000 tons Of high-grade bituminous coking
coal, measured by borings. In 42,800 acres of proven territory, with large
reserve tonnage In the remaining 477,000 acres.
At Brilliant, Van Houten
and Koehler the company has In operation 10 electrically-equipped coal
mines of a present producing capacity of 1,600,000 tons of coal per annum.
In operation at Gardiner and Koehler coke ovens of 180,000 tons* annual
producing capacity. Affiliated interests control large timber properties
tributary to the company’s railroad, and to develop same have built the
Cimarron A Northwestern Ry., from Cimarron to Ponil Park, 22 miles.
The St. Louis Rocky Mountain 6b Pacific Company owns also all of the
securities of the St. Louis Rocky Mountain 6b Pacific Railway Co., a stand¬
ard-gauge railroad 106 miles in length from Des Moines, N. M., westerly to
Raton and thence southwest to Koehler, Vermejo and Cimarron and up
Cimarron Canyon to Ute Park, in the Baldy mining district.
Connections
are made with the Colorado A Southern at Des Moines, with the Santa Fe
at Raton and Preston, with the El Paso 6s Southwestern at Vermejo and
with the Cimarron 6b Northwestern at Cimarron. (See V. 81, p. 265, 900.
1376; V. 82, p. 335; V. 87, p. 1364; V. 88, p. 296.)
STOCK.—Pref. (as to assets and dlvs.), 5% non-cum., non-voting, $1,000,000; com., $10,000,000, under a voting trust expiring July 6 1915—
voting trustees, Henry Koehler Jr., Charles Springer, Frank Springer.
Harvey Edward Fisk, S. Stanwood Menken. V. 87, p. 1365.
BONDS.—Authorized, $15,000,000; outstanding, $7,500,000; secured
by a direct first mortgage on the company’s coal lands, mines, coking
plants. Improvements and equipment, and upon all of the capital stock
and first mtge. bonds of the Railway Company; a sinking fund equivalent
to one cent per ton of coal mined will become operative April 1 1911.
V. 85. p. 406. 1578: V. 87. p. 286.
The $600,000 gold notes dated AorU 1
1909 are secured by deposit of $800,000 first mtge. bonds: the $573,000 out
standing mature $273,000 Apr. 1911 and $300,000 Apr. 1912, but are
subject to call on 30 days’ notice at par plus a premium at the rate of 1 H %
yearly from redemption date to majurity. V. 88, p. 884.
LATEST EARNINGS.—f 1909-10
Gross, $1,974,244; net, $667,511
12 mos., July 1 to June 30.(1908-09
Gross,
1,439,046; net, 456,065
Surplus after charges, $266,395 In 12 mos. of 1909-10, against $74,378.
REPORT.—For yr. end. June 30 1909 In V. 90, p. 233.
Fiscal
Cross “
Net (over)
Replacement, Balanoe,
Fixed
Year—
Revenue.
Taxes.
Charges.
Ac.. Res’ves. Surplus.
1909-10
$1,974,244
$401,116
$201,628
$667,511
$64,767
1908-09
1,439,046
456,064
398,303
*227,409
79,306
*
After profit and loss adjustments. Increase In surplus as per bal. sheet.
—(V. 87, p. 286, 1355, 1364; V. 88, p. 296; V. 90. p. 233. 448, 772.)
‘
Year ending June 30 1909, gross,
ST. LOUIS A ST. LIBORY RY.—Under construction In Mch. 1910 from
Louis to St. Libory, 35 miles,
$600,000. Bonds ($600,000
of road (sinking fund $18,000
after Jan 1 1919. V. 88, jp.
Office, Belleville,
Pres., Edward L. Thomas, St. Louis, Mo.
the Mississippi River at a point opposite St.
to be completed July 1911.
Stock auth.,
auth. Issue) all to be Issued for construction
annually), are subject to call at 103 on and
1254, 1314.
IU.—(V. 88. p. 1254, 1314.)
ST. LOUIS A SAN FRANCISCO RR.—(See Map.)
St. Louis, Mo., to
Okla. City..
Springfield, Mo., to Knoche Jet.
(Kan. City), Mo._
Monett, Mo., to Red River
Okla. City, O. T.. to Red River
Sapulpa to Denison, Tex
Peirce City, Mo., to Ellsworth,
Kan
Miles.
543 Beaumont. Kan., to Red River 313
Fayetteville, Ark., to Okmul~ t
gee, I. T
u*.. 444
185
286 Tulsa, I. T., to Avard, O. T«— 175
Branches
In
Missouri, Kansas
175
and Arkansas.
230
193
Miles.
Lines owned—
i>.
Hope, Ark., to Ardmore, I. T__
,
.
■
Trackage—
:.
Miles.
Knoche Jet to Kansas City..,224 Carrollton-Irving Cut-off
324
.
i
<
4
If
114
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
IFor abbreviations, Ac., see notes on
first page]
Mites
Road
_
Dais
Bonds
Par
Value
Amount
Outstanding
ItJLonU ASan
[Voi..
Rate
When
%
Payable
Last Dividend
and Maturity
Fran—Com stock ($164.000.000)
5.064
$100 $29,000,000
First pref stock 4% non-cum to
be red (text)
5,064
100
5.000,000 4‘in 1910
Second pref stock 4% non-cum to be red
Q—F Nov 1 1910
(text)
1,691
100 16.000.000 See
K OF S A M pref stock trust oerts
text
Q—M Deo 1 1905
$16,000,000
guar
100
13,510.000
O * BI common stock tr oerts 1
4*
Oct 1 1910 :
payable at 250...Ta
100
1.830.200
10 g
J
A
J July 1 1942
guaranteed gold redeem.../payable at par—.Ta
1,000
13.469.000
«ref stook trust oerts
J
A
J July 1 1942
$6,630,700 g gu red 160__Ta
100
6.211.700
6g
Refunding mortgage gold $65.000.000
Q—J
July 1 1942
Q.c*Ar* 2,604 1901 1,000 Ao 67,600,000
Gen lien'll00.850,400
4 g
J
A
J July 1 1951
red (text)
Baxo*Ar* 5,330 1907
$ Afr
51.955,079
5
OzarkA Cher Omit first g
A
g
14 gold assumed red par..N
May 1 1927
144 1903
1,000
2.880,000
Musk Oy Bridge 1st M
A
9g
Oct 1 1913
gold mt rent red 105
SSt.c*
1902
1,000
100,000
Notes for Ark
A
fig
July 1 1942
Valley A W $4,500,000 auth red par.
1905
4.000.000
NO Tex & M Dlv
A
Feb 1 1912
lstM$50,000,00<)gredl05 beg’ 27x
1910
See
text
A
Three-year secured gold notes red par
Mch 1 1940
Un.c
1910
1,000
8,000,000
Collateral notes red any time
A
Mch 1 1913
1908
1,000,000
Bonds Underlying
Aug 1 1911
Mo A W Dlv 1st M g $5,000Refunding 4s.
82 1879
yearly drawn at 105_c*
1,000
104,000
St L A San Fran ooU trust gold
A
Aug 1 1919
s f not dr’n—Us.o*
101 1880
s*g
1,000
194,000
Gen M gold (1st on 658 m) $3,681,000 are 6s.Use*
6
A
Aug 1 1920
986 1881
1,000
0.484.000
S A 6 g
Collateral trust mortgage on branches gold. Un.c*
A
July
1 1931
64 1887
1.000
439.000
Consol mtge (V 64, p 1861) gold no option
A
5g
Oct 1 1987
Me 2,400 1896
1,000
1.558.000
Southwest Dlv 14 $1,500,000 red at par gold.Ce.c*
A
July 11996
112 189V
i*
1,000
829.000
Cent Dlv 1st M gold $3,462,000 red at 102
A
fig
Oct 1 1947
103 1899
H —N.c*
1,000
145,000
Northwestern Division mtge redeem 102 H
A
Apr 1 1929
106 1900
N.c*
500 Ac
1*
47,000
St Louis Wichita A W 1st M redeem at
A
Apr 1 1930
105 gold—c*
144 1879
1*
1,000
304,000
Ft Worth A Rio Gr 1st M gold
A
old 5s lnt red—Ce.c*
196 1888
Sept
1 1919
1,000
2.923.000
Blrm Belt 1st Mg red 102 H
A
July 11928
gu p A 1 (end)—OB.c*
15 1902
1
*
1,000
1,000
900
4
A
Chicago A East Ill, Kansas City Ft Scott A Memphis and Rock I sland-*Fri
g
Oct 1 1922
800 Termln al—See t
Equipment notes $65,000 due s-a (V 73, p 1314)...
hose com panics
1901 5,000 Ac
197,000
4
J
A
Equip notes gold iSeries B red par, part due seml-ann
D
Dec 1910-1911
1903 4,000 Ac
248.000
4 g
do
do
F
A A Feb *ll-Feb *13
Series C red par due $50,000 s-a.
1903
250.000
do
do
Series D ana E $12,188 monthly,
MAN To May 1 1913
1903
jf
365,640
do
5 g
do
Series G due $154,000 seml-an.Ba
monthly To May 1913
1906
1,000
1.794,000
do
do
A
A O Jan *11-Apr *16
Series H part due $30,000 s-a
N
1906
1,000
180.000
do
do
fig
Feb "11-Nov *13
Series I gold due semi-annually
MAN
1907
1,000
1.986.000
do
do
J
A
Series Jjpart due s-a (Pullman Co)
J Jan *11-Jan *17
1906
105,020
do
do
Series K due $18,000 s-a
Quar
To Senpt 1916
SSt
1907
231.000
do
do
Series L (V84, p 1429)
MAS Mch *11-Sept *17
SSt
1907
1,000
3.514.000
F
A
fig
A Feb "11-Aug *17
Places Where Interest and
Dividends are Payable
Oheoks mailed
do
Mercantile Trust Co, N Y
Checks mailed
do
do
—
<f-J
4«i«g
r
LXXXX1.
Guaranty Trust Co, N Y
New York, London, Ao
Mercantile Trust Co, N Y
St Louis Union Tr. St L
Bankers* Trust Co, N Y
New York and London
_
_
>
-
ST. LOUIS & SAN FRANCISCO—<7on.
Leased A controlled by stock. Miles.
Miles.
K. O. Ft. S. A M.—see this co
914 St. Louis Memphis A S. E
665
Kan. City Mem. A Blrm
286 Chic. A East. Ill.this oo_. 966
Operated independently—
Fort Worth A Rio Grande
Paris A Great Northern
Beaum Sour Lake A Western..
196
Total June 30 *10 (Including
234 miles trackage)
6,227
118 Evansville A Terre Haute
310
Orange A Northwestern
61 Blrm. Belt RR. (V. 75.
p. 1148)
39
St. L. San Fran. A Tex.
132 St. Louis Brownsv. A Mexico. 494
Tb° st. Louis Brownsville A Mexico (which see) was purchased early In
1910 and consolidated with the Colorado
Southern N. Orl. A Pacific, the
Beaumont Sour Lake A Western Ry.
and the Orange A Northwestern RR.,
Into the New Orl Tex A Mexico
Co.,
Ry.
from New Orleans,
La., to Brownsville. Tex., with branches. In extending
all 938 miles, Including 183
miles trackage, affording via
National Rys. of Mexico a through line to the
Gulf of Mexico. Will be operated as a
division of the St Louis A San Fran¬
cisco. 4See BONDS below.
V. 90, p. 699; V. 91, p. 590.
'
ORGANIZATION.—Organized June 30 1896 to succeed to the property
and franchises of the
Railway co. sold In foreclosure and rear, per plan In V.
62. p. 829 and 1140—see also p. 742. The
system then was about 1,500 m.
In Dec. 1909 the
Yoakum-Hawley Interests purchased from the Rock
Island Co. the $28,940,300
of the $29,000,000 com. stock
acquired In 1903.
The same interests control the Mo. Kans.
A
Alton* Minn. A St. Louis, Iowa Central and Tex., Ches. A Ohio, Chic. A
Toledo, St. Louis A Western.
V. 89. p. 1484, 1669.
1“
Birmingham Belt RR. (V. 75 p. 1148) was
purchased; also St.
Louis S.F. A New Ori. Ry., V.
74. p. 1197; V 75 p 343; V. 85.
531.
PjAug.
1907 the St. Louis Memphis A Southeastern, Ozark A p.
Cherokee
Central, Arkansas Valley A Western,! Oklahoma
City
A
Western,
Ac.,
were
mened.also various lines leased, mostly for 999
years.
V. 85. p. 531.
™ New Orleans Terminal Co.
was organized Jointly
by the St. Louis A
Francisco and Southern Ry. systems, and Issued
4% gold bonds (pres“t outatondlng amount
$15,000.000),
guaranteed
by St. L. A S. F.
«mdthe Southern Ry. V. 77. p. 38;
V.
p. 1144.
Rock Island-’Frlsco
T**™-Ry‘ (St; Louis), see V. 82. p. 930; 76,
V. 84. p. 749. and that Co.
I® May 1901 acquired over
Grande Ry. (now Ft. Worth to90% of the stock of the Ft. Worth A Rio
Brady, 196 miles). V. 64, p. 1224.
STOCK.—Company
reserves right at any time to redeem
either or both
classes of pref. stock at par in
cash. Provisions of pref. oertfs. were in
“Supplement” of April 1897, page 6. V.
90. p. 699.
.Pr^PENDS*—
*97. *98. *99. *00. *01. *02 to ’05. *06 to ’09.
First preierrea
1910.
2
4% per annum
4 yearly.
4
Seoond preferred
1
2
2
3 X
4 yearly.
None!
None.
17
...
„
_
Jointly
.
Mercantile Trust Co, NY
United States Trust, N Y
Mercantile Trust Co, N Y
Union Trust Co, N Y
Mercantile Trust Co, N Y
do
do
do
do
do
do
do
do
H B Hollins
Co, N Y
Mercantile Trust Co, N Y
Blair A Co, New York
R Wlnthrop A Co, N Y
do
do
Amer Car A F Co, St L
Blair A Go, New York
do
do
First Nat Bk. N Y or Ohio
Boatmen’s Bank, St Lou
St Louis Union Trust Co
Bulkers Tr Co.NY or StL
Reserved to be issued for Improvements after
July 11918 at not
over $3,000,000 yearly
(originally reserved for refunding Col.
Sou. N. O. A Pac. bonds (V. 87, p.
937. 873; V. 90, p. 699)
8.094,000
REFUNDING 4 PER CENTS OF 1901. (V. 77. p. 8881; V.
83. p. 762.)
Authorised.
Issued.
1. To retire underlying bonds...
$59,000,000 a$45,609,600
2. For improvements, betterments, new
equip¬
ment, Ao., at $1,000,000 per year.........
9,500,000
9,500,000
8. Additional lines, extensions, Ao., at cost
xl6.500.000
12,604,400
.......
a
Total
To retire $38,395,000 underlying bonds.
%
$85,000,000 *$67,714 000
not exceeding $32,000
At
per mile Until, underlying liens), $4,500,000; at not exceeding $22,500
per
mile (lnd. underlying liras). $12,000,000. fc Ind. $114,000
In lmpt. trust.
Underlying Bonds Deposited as Security under Refunding Mortgage.
Mo. A W. Dlv. 6s
$866,000 Southwest Dlv. 5s
$671,000
St. L. Wlch. A West. 6s...1.696.000 Cent. Dlv. 4s
.....1,817.000
Trust 6s of 1680
731,000 Kan. City Dlv. 3a A 4s(aU) .3,300,000
Gen. mtge. 6s of 1881
.4,126,000
do
do
Ss (all)-. 976.000
do
5s
...6,488,000 Northwest. Dlv. 4s
1,253,000
Trust 58 Of 1887
660,000
In addition there have been refunded and oanoded
$5,590,000 A. B. A O.
bonds of 1906 and $6,983,000 of oonsol.
mtge. 4s.
There have also been acquired and deposited under the
refunding mtge.
the following stocks and 4% bonds,
representing new extensions (being
entire Issues on account thereof), the latter
aggregating 550.94 miles.
Road—(V. 77, p. 1538, 1537.)
Miles.
Stock.
Bonds.
Oklahoma City A Western RR
174.85
$5,000,000 $4,023,000
Oklahoma City A Texas RR......
8.68
Ft. Worth A Rio Grando Ry............ 49.72 02.842.000
*994.000
Sulphur Springs Ry
8.72
200,000
174.000
Blackwell Enid A Southwestern Ry......238.68
500,000
4,500.000
Blackwell Enid A Texas Ry
12.75
173.000
Red River Texas A Southern Ry
.....
67.54
"400,656
816,000
St. Loiih San Fran. A Texas Ry........
803,300
200.000
a Substantially the entire issue.
* Issued for extension from Brownwood
to Brady, Tex. (entire amount); total
length of road, 195.88 miles, balanos
of Issue, $2,923,000, being in hands of
publlo.
...
.......
.....
NEW ORLEANS TEXAS A MEXICO DIVISION FIRST 5S OF 1910.
$50,000,000 AUTHORIZED.
These bonds win be secured either by a direct first
mortgage on the road or
STOCK TRUST
first lien on the first mortgage bonds and stocks of the companies
CERTIFICATES.—Kansas City Ft. Scott A Memphis a
owning
City to Memphis. Tenn., with branches,
the same.
Of the bonds, $26,000,000 ($21,000,000 5s and $5,000,000
914 m., was acquired
4 Xs)
Si TO» stock
15s ^ptlre
Stock Is owned and road leased for lnt. on bonds and 4% have been Issued to pay off existing liens and Indebtedness of New Orleans
trust oertfs. (see above
Texas
A
Mexico
RR., the Beaumont Sour Lake A Western Ry. (V. 90,
table), the 4% ref. bonds being guar.,
p.|AU., see K. C. Ft. S. A M. in this issue
p. 976) and the Orange A Northwestern RR., and for the recent acquisition
and V. 72. d. 438. 532. 581 1238
of
the
St.
Louis
Brownsville
A Mexico Ry., the remaining $24,000,000 to
taa
9* the $7,217,800 common and $6,211,700 of the $8,830,bear interest at a rate not exceeding 5%, to be hereafter
^
East; Dl. RR. stock had been acquired, the St. L. A served
fixed, being re¬
111
for future requirements under restrictions named in the
exc5?nJf9i^2 8to?k trust certfs. at the rate of $100 for each the $26,000,000
mtge. Of
present
Issue,
$16,000,000
has
been
sold
and
$10,000,000
JHSLl0?*!*1*1
dlvs., respectively, are paid.
1905
deposited under $8,000,000 “three-year 5% secured gold notes" which were
^frfortty of the com. stk. trust oertfs., preferring toIn
have a
security redeemable at par instead of at the rate of $250,
sold March 1910.
V. 90, p. 699, 915, 1045, 1677.
exchanged their
Ozark A Cherokee Central and St. Louis Memphis A S. E brads, see V.
1®.the
denomination of $1,000 each, representing the
ot “took.
78, j». 2335, 1908; Rock Isl.-’Frisoo Term. guar, os, see that company.
Int. on these latter
Is payable at
t*9f?te °f 4% per annum, so that both the income and oertfs.
underlying brads on former St. L. M. AS. E.system: $54,000 Pemlsoot
prin. are unchanged
1914; $65,000 Kennett A Osceola 6s due June 1 1917;
dhanrad. (See form. V. 80. p. 18570 See RR. 6s due Oct. 1Ark.
Chi. A E. HI. on a
$4,500 So. Mo. A
5s due 1939; total $123,500.
preceding page and V. 75, p. 291,393,1031; V.
St. L. M. A S. E. 1st
81, p.1551.
4s 1952. red. 105. $365,625.
GENERAL LIEN GOLD BONDS DATED 1907.
The $3,357,000 Series I, $359,000 Series K, $5,074,000 Series L car trusts
°,nIy °® any interest date prior to are guaranteed, prin. A lnt., by the Amer Car A Foundry Co. V. 84, p. 391,
Maf 1 1922 at 102X and interest,whoLe
and also redeemable on
1429; V. 85, p. 922. Series P mature $132,000 each April 1 and $133,000
nrn*ny, interest
date thereafter, at par and interest. The May 1 1922is each Oct. 1; series Q, $72,000 Feb. 1 and
$73,000 Aug. 1. V. 91, p. 337.
on
or acquired through the proceeds
of theibonae, and (WD^?pert5l
GENERAL FINANCES.—In Aug. 1908 a 2 X-year loan of $2,000,000 at
lines of constructed
railway,
on payment or acquisition of
and notes (see below).
bonds
5% was obtained from the U. S. Express Co., sub. to redemption at any time
It is also to be a
subject to existing
oaths Interest In lines owned or leased
in sums not less than $100,000; $1,000,000 paid to June 1910.
or controlled by
V.87,p. 481.
In Dec. 1908 and April 1909 $36,552,000 gen. lien bonds,
stockownerahlp
bearing 5% lnt.,
■£P®*aM®5
8*lSf. “J110!' By Pnjment of equipment notes named therein, were
the
sold
to
Speyer
A
Co.
to
finance
the
requirements of the company in
newjmtge. will also become a first lien on equipment costing $18,911,907.
1909, Including tne payment of all floating debt and provision for
the $15,*
84. p. 1488; V. 88, p. 54, 1198; V. 89. p. 105, 1598; V. 90. p. 1426! 530,000
St. Louis Mem A Southeastern bonds maturing June 1 1909.
JnJan.
auth. lssue under the mtge. had been reduced from $115,A special French series ot
51.600,000 francs
(about
$10,000,000)
Uen
bonds for purposes auth. was also sold in France in July 1909 through the same bankers (denomina¬
tions 516 fr., or $100 each) and in Dec. 1909 $4,000,000.
In Oct. 1909
the fii09.850.400 General Lien
Bonds were Issuable.
$6,000,000 were sold In Germany and in Feb. 1910 $12,000,000 had been
ISSUaDle lOrthWlth
tin
sold in England, France, Germany and the U. S.
qqq nnn
Reserved to retire at or before
In May 1910 $7,500,000
maturity
following bonds,-AcT-- *
were sold In France and Germany. V. 87,
4H% notow pd. Aug. 6 ’09 A 5% notes theJ’ne
p. 1480; V. 88, p. 54, 102, 1002,
pd.
1’09 $13,624,900
1062, 1198, 1254; V. 89, p. 105, 287, 1069, 1598; V. 90, P-W0, 1171. to
St. L. M. AS. E. 5-yr. 1st M. 4
Xs paid J’ne 1 1909-16,000.000
1910
sold $8,000,000 3-year 5% secured gold notes; also $16,000,000 New
St. L* MAS E RR. Co. 1st M.
4s. due 1952
Orl. Tex. A Mex. Dlv. bonds.
371,500
See BONDS above. V. 90, p. 699,915,1677
Ozark A Cherokee
Cental
due
Ry.
1st
M.
5s.
1913—
In June 1910 made a close 10-year traffic agreement with Southern Paclfi
2.880.000
Muskogee City Bridge Co. 1st M. 5s, due
July 1 1942
Co. V. 90, p. 1615.
100,000
uo
St. L. A S. Fr. eq. tr. notes,
maturing in ser. until *17 9,939,030
Col. So. New Orl. A Pac.
equip, trusts 1908-17
^LATEST ^EARNINGS.—/1909-10.Gross, $41,165,939; net, $12,489,097
1,600.000 56.609,400
to be Issued in aid of above
12 mos.. July 1 to June 30.1l908-09_Gross, 37,756,986; net,
refunding operations
12,996,895
itoserved to be issued from time to time
5.000,000
For 10 mos. ending April 30 1910 (lnd. Ch. A E. Ill.), gross, $44,880,200,
since June 1 1909 to pay
60% of Installments of equip, trusts
issued
agst.
$40,370,809
in
after
1908-09;
net,
1907.
$13,791,740,
5,000,000
agst. $13,299,293; other in¬
Reserved to be Issued since June 1 1909
for cash cost of future
come. $1,369,530; taxes, $1,506,296; charges, $12,409,903: dlv. 1st pref.
5?PJ?<jy®ment®
and betterments, but not exceeding in any year
stock (9 mos.), $149,806; bal., sur., $1,095,266. V. 91. p. 155. <
$500 faoe amount of bonds for each mile
of railroad at the
oumed or controlled by lease or
ANNUAL REPORT —Report for the year ending June 30 1909, showing
other arrangement for control
operation of system, was given in V. 89, p. 1140,1167; see also edit., p.1194.
^miin/iora
period
beyond the term of the mtge. Not exoeedlng $2,500,000
to be Issued in
Year ending June 30—
any one year until and in1908-09.
1907-08.
1906-07.
eluding 1911, and thereafter not over $3,000,000
Average miles operated............
yearly..
5,251
Reserved to be Issued slnoe June 11909
28.241.000
5,064
5.062
at not exceeding $1,000,Freight earnings—
000 per year for cash
$25,618,876
$23,976,297
$26,534,640
expenditures subsequent to the date of
Passenger
the mtge. equal to the then
9,655,886
8,927,037
9,166,827
market value of the new bonds so
Mall, express, Ac
Issued for the construction or
2,920,97$
2,902,798
2,683,014
purchase of additional railway
Total operating revenue
5,000,000
$38,195,738 $35,806,132 $38,253,98
.
gftfiKr
_
fib?11?**™ ?«sec92!y,,belng
_
u^*7*1
mortgage2
mtge£!
SeeV,
undm^gen*
mtjc^ through sale of refund,
1.
_
^
—
...
Octr., 1910.]
RAILWAY STOCKS AND BONDS
115
116
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
IFor abbreviations, Ac., see notes on first page]
Miles
Road
St LA S P (Con)—Ser M Pull’n eq notes gd $26,436 quar
do
Series
Par
Value
1907
1909
1908
1909
N
Ce
do
Ser O gu.. due $33,000 or $34,000 s-a.PIP
do
Ser P gold
Ba
do
SerQ,g,redpardue $72,009 or $73, OOOs-aCe
Col So N O ft P eq tr notes gu due $80,000 s a__Ba.
St Louis Southwestern—Common stock $35,000,000Pref erred stock 5% non-cumulatlve $20,000,000—
First mortgage certs ($16,500 per mile) gold-.Ce.c*
Second M 4% Inc $10,000,000 non-cum g—Me.c*
First consolidated mtge $25,000,000 g-_-Eq.xc*ftr
Car trust bonds, due $34,000 yearly
do her A(V 90, p 1364, 1491)due $46,000 yly.-Usm
Guaranteed Bonds, Ac.—
Gray's Pt Term 1st M guar p & 1 gold
SSt.o&r
1st ref A ext M $4,000,000 gred text gu pftl-Eq.xo*
Stephenvllle Nor & Sou Texas first mtge guar p & 1.
Central Ark & East IstM gold $25,000 per mlle.SSt
Date
Bonds
—
...
1,223
1,223
1,271
„
_
.
---
16
...
1,000
$1,000
1,000
1,000
1,000
100
100
1,000
500 ftc
1,000
1,000
1,000
1910
1907
....
1891
1891
1902
1909
1910
1897
1906
1910
1,000
1,000
1910
...
—
1905
1904
St Paul & Des M RR—lst&ref M $2,400,000 g text.AB
45
1906
Des Moines Iowa Falls A Nor 1st M red 105__Ta.o*
75 1901
St Paul Eastern Grand Trunk—1st M gold lnt guar c*
56
1883
St Paul Union Depot—First M gold. Interest as rental
1880
Consol mtge gold ($100,000 are 4s), Interest as rental
1894
Salt Lake Cun Dep& RR—1st M $1,500,000 g red.Ba
20 1908
Salt Lake & Los Angeles—1st M gold
15
1893
G.c
Salt Lake & Mercur—First mtge $300,000 gold
12 H
1898
Eq
San Antonio ft Aransas Pass—Stock
First M $21,600,000 gold guar p A 1 (end)._Ce.c*ftr
723
1893
San Francisco & Nor Pacific—See Northwest Pac RR
San Francisco ft San Joaquin Valley—See Atchison T opeka ft Sant
San Pedro Los Ang ft S Lake—1st M $60,000,000 g.fl 1.105 1909
Santa Fe Prescott ft Phoenix—See Atchison Topeka A Santa Fe
Santa Fe Raton ft Des Moines—First M gold— Usm.c
41
1906
Santa Fe Raton ft Eastern—1st M g gu p ft l._Usm.c
16
1905
Santa Fe Liberal ft Eng—1st M g $8,000,000 au.Usm
1906
Saranac ft Lake Placid—See Chateaugay ft Lake Placl d
Saulf Ste Marie Bridge—1st M gold s f drawn at llO.c
1« 1887
Savannah Florida ft Western—See Atlantic Coast Lin e RR
1,000
500
1.000
1,000
1.000
1.000
1,000
1.000
1,000
1,000
100
...
-
-
-
Balance, surplus
$1,128,843
*$259,324
306.000
460.000
500.000
See text
See text
See text
450.000
500,000
900.000
1.036.000
1.120.000
4 g
5
5
J
A
A
5
5
5
5
5
5
J
ft
F ft
J
ft
J
ft
F
ft
J
ft
g
g
g
g
g
g
AH g F
5 g
J
6 g
J
M
ft
ft
ft
To Nov 15 1917
Central Trust Co, N Y
July 1 1916
To Jan 15 1918 Prov Life ft Tr Co. Phlla
To Oct 1 1919
Bankers Tr Co, N Y
To Aug 1 1920
Feb ’ll-Feb '17
J’lyl5’10 2H% Office" '165’ Bwayl N* Y
Nov 1 1989
Central Trust Co, N Y
Nov 1 1989
Mercantile Trust Co. N Y
D Junel 1932
Equitable Tr Co, N Y
o To April 1 1919 Penn Co for Ins, ftc, Phil
O To April 1 1920 New York
D Dec 1 1947
A Aug 1 1956
J July 1 1940
J July 1 1940
A Aug 11955
D Dec 1 1924
N Y. Eq.
do
Tr ft St Louis
do
St Louis. Mo
Miss Val Tr Co, St Louis
J
ft
J Jan
1,000
48.000.000
4 g
J
ft
J
1,000
1,000
905.000
293.000
780.000
5 g
5 g
8 g
M
M
J
ft
ft
ft
s Mch 1 1936
s Mcb 1 1935
J July 1 1936
(J S Mtge ft Trust Co.
do
do
do
do
1,000
900.000
8 g
J
ft
J July 1 1937
55 Wall Street, New York
1.000
$3,958,841
Main Line—Texark. to Gatsv..305.4
Fort Worth Branch
2_-160.8
Dallas Branch
13.7
Sherman Branch
52.3
Hillsboro Branch
40 2
35.1 Lufkin Branch
130.9
44.4
62.6
Total of all operated mileage June 30 1910
.1.476.3
Also has St. Louis Iron Mountain ft Southern
trackage, not Included in
operating accounts, viz.: St. Louis to Bismarck, Mo., 75.4 miles; Bis¬
marck, Mo., to Delta, 74 miles; Memphis, Tenn., to Fair Oaks, Ark
60
miles, making the total lines 1,657 miles. V. 77, p. 90; V. 88, p. 1374.
Of
the 1,325 miles main track, 9 are laid with 85-lb., 936 with
75-lb., 30 with
70-lb., 340 with 56-lb. and rest with 35 and 60-lb. steel rails.
In Apr. 1910 acquired all the stock of the Stephenvllle
North ft South
Texas Ry., Stephenvllle to Hamilton, Tex., 43 miles, and Is
extending the
roadjfrom Hamilton to Gatesvllle, 32 miles, and from Hamilton to Co¬
manche, 35 miles; also leases for 30 years from July 1 1910, with
privilege
of purchase on payment of bonds, the Central Arkansas ft
Eastern, operat¬
ing from England to McGregor, Ark., 9 H miles, with proposed extensions
from McGregor to Stuttgart, 13 H miles, and Stuttgart
northwesterly about
17imlles to
,
per
22.261.750
Places Where Interest and
Dividends are Payable
250.000
250,000 4 g
&*&
g M
5
A Aug
J July
J Jan
1936
1931
1913
1930
1944
1938
1913
N May
N May
N Nov
J Jan
N May 2 1918
1 1943
American Tr Co. Boston
Trust Co of Amer, N Y
Off C ft N W. ill Bway
Central Trust Co, N Y
Northwestern Trust Co
New York
Salt
Lake City
Central Trust Co,
N Y
Fe
a
to Texarkana412.3
Illinois Division (trackage)
138.2
Cairo Branch
57.7
New Madrid Branch
6.1
Grays Point Term. Ry. (leased) 16.6
J;he Rock Island road. See BONDS below.
$669,910
B
5
844,000
J
ft
J
499,000
6
J ft J 18
2,250.000
B g
A
ft o
1,450,000
5 g
F
ft
A
5
1,040,000
F
ft A
16.356.100
19.893.650 5 in 1910 J ft J15
20.000.000
4 g
M ft N
3.042,500
4
J
ft
J
Last Dividend
and Maturity
4 g
1.000
,
ORGANIZATION.—Reorganization,
Payable
M
J
M
OFFICERS.—Chairman of Board, B. F. Yoakum; Pres., B. L. Wlnchell:
one of Vice-Presidents), O. W. Hillard; Sec. and Treas.,
Frank H. Hamilton. New York office. 71 Broadway.
DIRECTORS.—(Nov. 1909) B. F. Yoakum, D. G. Reid, F. L. Hlne,
W. H. Moore, C. W. Hillard, Hans Wlnterfeldt, Geo. T.
Boggs of New York;
E. V. R. Thayer, Benj. P. Cheney of Boston, Mass.; C. R.
Gray, Wm. K.
Bixby and James Campbell, St. Louis; J. H. Moore, Chicago. Executive
Committee, B. F. Yoakum (Chairman), Edwin Hawley, B. L. Wlnchell,
James Campbell. Frank Trumbull, E. V. R. Thayer and Thomas H.
West.—
<V. 90, p. 1045, 1171, 1297, 1426, 1615, 1677; V. 91,
p. 155, 337, 590.)
ST. LOUIS SOUTHWESTERN RY.—The> syst
system embraces:
St. Louis Southwestern Ry. Co.—
St. L. Sovthw. Ry. Co. of Texas—
Main Line—Delta
Little Rock Branch
When
%
g
6 g
5 g
Comptroller (also
Shreveport Branch
Rate
1.100.000
300.000
175.000
1.000.000
17.544.000
In 1908-09 the Chicago ft Eastern Illinois had a
surplus after payment
of dividends of $20,973, making surplus of system for
year $1,149,816.
Stuttgart Branch
Amount
Outstanding
ft
ft
ft
ft
ft
ft
ft
ft
1908-09.
1907-08.
1906-07.
Net oper. revenue (after taxes)
$11,487,119 $9,850,432 $12,500,448
Total net income
$12,896,911 $11,313,349 $14,373,639
Interest, rentals ft sinking funds
$9,933,444 $9,219,401
$8,580,174
Div. K. C. Ft. S. ft M. stock tr. certs.
540,400
540,400
540,400
Div. C. ft E. I. stock trust certs
1.094,482
1,094,482
1,094.482
Div. on first preferred, 4%
199,742
199,742
199,742
a
[VOL. LXXXXI.
V. 90, p. 1045;
plan In V. 50,
p. 141. 561, of
St. Louis Arkansas ft Texas, sold In foreclosure In Oct. 1890.
DIVIDENDS.—First dividend on preferred stock, 2%
(semi-annual)
paid July 15 1909; 1910, Jan., 2H%; July, 2)4%. V. 89, p. 1543.
BONDS.—The first consols (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
July 1 1959
Guaranty Trust Co, N Y
NY
ST. LOUIS TROY ft EASTERN RR.—East St.
Louis. Ill., to Troy. Ill.,
to Donkvllle, HI.; total, 18.9 miles; leases St. Louis ft
Edwardsvllle, Ill., to near Formosa, Ill., 7 m.; yard track and
sidings, 10.37 m.; total. 36.27 miles. Stock, $850,000, as Increased
July
1909; par, $100.
For year ending June 30 1910, gross, $246,705; net,
$87,619; lnt., taxes, rentals, ftc., $48,716; dlvs .(12 H%), $43,750; bal.»
def., $4,847.
Pres., Edwin H. Conrades, 314 N. 4thiSt.. St. Louis, Mo.—
(V. 80, p. 473; V. 89. p. 287.)
yltbb
ranch 1 mile
Ill. Belt,
ST. LOUIS WATKINS ft GULF R Y.—See St. Louis Iron Mt. ft South.
ST. PAUL.—See Chicago Milwaukee ft St. Paul.
ST. PAUL ft DES MOINES RR.—Owns from Des Moines. Iowa, to
Mason City, 120 miles.
This includes the Des Moines Iowa Falls ft Nor..
Iowa Falls to Des Moines, Ta. taken over Aug. 1 '08. V. 87.
p. 98.
Stock
authorized, $2,500,000; outstanding, $510,000; par, $100. Bonds Issued.
$900,000 (auth., $2,400,000); issuable at $20,000 per mile on consolidated
property.
V. 85, p. 161.
For year ending June 30 1910, gross, $520,742;
net, $54,826.
In 1908-09, gross, $395,156; net, $70,967.
In 1907-08 (75
miles), gross, $245,410; net Inc., $78,814; lnt., taxes, ftc., $75,162; bal., sur.,
$3,652. Pres., F. W. Estabrook; Sec., R. G. Smock.—(V. 88, p. 453.)
ST. PAUL EASTERN GRAND TRUNK RY.—{See Map Chicago A N.W.)
—Owns from Oconto to Cllntonville, Wls., 56 miles.
Leased Oct. 30 1884
for 99 years to Milwaukee Lake Shore ft Western.
Rental. 30% of gross
earnings. Interest on bonds being guaranteed. Lease acquired Aug. 16
1893 by Chicago ft North West, through purchase of Milw. Lake Sh.&W.
(THE) ST. PAUL UNION DEPOT CO.—Owns Union Passenger Station,
with 9.24 miles of track, the stock being owned
equally by:
Great Northern, Northern Pacific. Chic. St. Paul Minn, ft
Omaha, Chic.
Mil. ft St. Paul, Chic. Great Western, Chic. Burl, ft
Quincy, Minn. St.
Paul ft S. Ste. Marie, Minn, ft St. Louis and the Chic. R. I. ft Pacific.
Authorized stock, $1,000,000.
Rental covers interest on bonds and
4% on stock since May 1 1901; from 1881 to May 1901 6% dlvs. were paid.
Year ending Dec. 31 1909, gross. $67,258; op. def., $194,490; lnt. on
bonds.
$26,500; dlvs., $37,296; rentals, $4,789; net expenses, $263,075, paid by
tenant roads.
Pres., A. W. Trenholm; V.-P., J. H. Foster; Sec., W. G.
Johnson.—(V. 74, p. 1090.)
SALT LAKE CITY UNION DEPOT & RR.—Owns union depot and
facilities at Salt Lake City, opened Aug. 15 1910.
Stock, $2,000,000,
equally owned by Denver ft Rio Grande and Western Pacific, which jointly
guarantee bonds, prln. and lnt.
Bonds are subject to call at 105 on and
after Nov. 1 1923.
See table above.
V. 88, p. 232; V. 91, p. 523.
SALT LAKE ft LOS ANGELES RR.—Road from Salt Lake to Saltalr
Beach, Utah, 15 miles, standard gauge—see V. 65, p. 824.
Stock, $300,000, was owned Dec. 1906 by J. E. Langford and Joseph Nelson of Salt
Lake City.
Year ending June 30 1909, gross, $117,847; net after taxes
$40,298; lnt. on bonds, $18,000; bal., sur., $22,298.—(V. 83, p. 1472.)
SALT LAKE & MERCUR RR.—Fairfield to Mercur, 12 H m.
Stock.
$300,000; par, $100.
Bonds, see table.
Year end. June 30 1907, gross.
$52,925; net, $22,839.
Pres., L. L. Nunn, Tellurlde, Col.—-(V. 79, p. 1024.)
SAN ANTONIO & ARANSAS PASS RY.—Owns from Kerrvllle to Hous¬
ton, 308 miles; Kenedy to Corpus Chrlstl. Tex., 90 m.: Yoakum to Waoo,
171 miles; Skidmore to Alice, 43 miles; Shiner to Lockhart, 54 miles;
Gregory to Rockport, 21 miles; Alice to Falfurrias, 36 miles; total, June 30
1909, 723 miles—129 m. 70-lb. and 594 m. 50-lb. steel.
BONDS.the Sou. Pac.
over
szu.uuu
per mue, acquisition
and improvements.
(V. 75, p. 136.) . See V. 74, p. 328, 578, 630, 831;
V. 75, p. 790; V. 77, p. 2160; V. 80 p. 473, 872; V.
84, p. 1249; V. 87, p.
814; V. 88, p. 453.
Equipment trust notes June 30 1910, $1,405,079. In
May 1910 sold $460,000 5% equipment bonds. V. 90, p. 1364.
Guaranties.—Gray’s Point Term. guar, of 1st 5s, V. 69. p. 1062. St.
Louis So. W. owns all stock and leases road till
Aug. 1958. V. 65, p. 413.
Of the Gray’s Point Term. Ry. 1st ref. ft ext. 50-yr.
gold 5s, redeemable
after 5 yrs. at 105 ($4,000,000 auth. Issue),
$550,000 are reserved to
retire the first 5s, $600,000 to acquire $600,000 So. Ill. ft
Mo. Bridge bonds,
the remainder for extensions and
improvements; none issued to July 1910.
V. 83, D. 273, 819. 890; V. 85, p. 222. 601,
The Shreveport Bridge ft Terminal Co., which Is
controlled. Is leased for
50 years from Aug. 1 1905, its $500,000 bonds
($450,000 issued) being
V. 81, p. 1097, 1101; V. 82, p. 753; V. 83. p. 815.
guaranteed.
The Stephenvllle North ft South Texas and Central
Arkansas ft Eastern
1st 30-year 5s, Issuable at $25,000 per mile, are
guar, p.ft I.
See above.
EARNINGS.—2 mos.,/1910
Gross, $1,870,665; net, $373,263
July 1 to Aug. 31.
11909
Gross, 1,652,948; net, 452,007
Surplus after charges, $67,734 for 2 mos., agst. $191,512.
ANNUAL REPORT.—Annual meeting Is held at St. Louis,
Mo., on the
first Tuesday In October.
Report for 1909-10 was In V. 91, p. 942.
Years ending June 30—
1909-10.
1908-09.
1907-08
Total operating revenues
$10,986,516 $10,331,889 $9,598,264
Operating expenses
8,146,057
7,787,093
7,580,423
Net operating revenue
$2,840,459
Total net Income
$3,003,265
lnt. on 1st and cons. mtge. bonds... $1,690,440
lnt. on 2d M. Inc. bds. held by public
121,700
Other Interest, rents, &o
374,659
Balance, surplus, for year
Preferred dividend
$2,544,796
$2,743,478
$1,687,133
126,080
332,175
$2,017,841
$2,461,325
$1,640,283
130,420
357,591
$816,466
$598,089
$319,824
(5%)$994,683 (2)$397,873
OFFICERS.—Pres., Edwin Gould; V.-P. and Gen. Mgr., F. H. Britton.
Sec., Arthur J. Trussell; Treas.. G. K. Warner.
Directors.—Edwin Gould. New York; R. M. Gallaway, Howard
Gould.
Winslow S Pierce. William H. Taylor and E.
T.
New York:
Murray Carle ton. F. H. Britton and Tom Randolph,Jeffery.
St, Louis. Office.
165 Broadway, New York.—(V.
90. p. 1491; V. 91. p. 398. 397. 942.)
ally "the punctual payment or tne pnncip*
$2,700,000 reserved for extensions, limited to 100 miles at $27,000 per
mile, equipped.
See full abstract of mtge. In V. 56, p. 540. Car trusts
June 30 1909, $334,508, viz.: $73,508 payable $9,189 a.-a. J. ft D., and
$261,000 5%, payable s.-a. J. ft J. within 7 years.
Notes held by Southern
Pac. Co. June 30 1909, $3,898,000, due July 1 1920, bearing lnt. (non-cum.)
at such rate, not over 4%, as net earnings over betterments may suffice to
pay; total bills payable June 30 1909, $5,098,000.
V. 81, p. 1733.
In 1903-04 (under order of the Texas Railroad Commission)
canoeled
$1,356,000 of the outstanding $18,900,000 bonds, reduced the stock to
$1,000,000, and separated the management from the Southern Padflo.
V. 77. p. 90, 148, 401. 452, 2340; V. 78, p. 2600; V. 82, p. 453
EARNINGS.—2 mos.J1910
Gross, $707,505; net, $254,867
July 1 to Aug. 31.
11909
Gross, 591,164; net, 163,223
ANNUAL REPORT.—For year ending June 30 1910, gross, $3,936,286;
net, $1,070,976; other Income, $17,959; charges, $1,086,054; lmprovem’ts,
$154,512; bal., def., $151,631.
In 1907-08, gross, $3,767,655; net, $1,102,783.
Pres., W. H. McIntyre, N. Y.; Sec., J. W. Terry.—(V.82,p.453)
SAN DIEGO & CUYAMACA RY.—V. 89. p. 779.
SAN PEDRO LOS ANGELES & SALT LAKE RY.—(See Map Union
Pacific.)—From Salt Lake City, Utah, to San Pedro, on the Pacific Coast*
806 m. of main line, with branches, aggregating In all 1,105 m.; from Dag¬
gett to Riverside, 90 m.. is trackage over A. T. ft S. Fe.
Has steamship
connection via Hawaiian Islands to China. Japan and Manila.
V. 81* p.
1551; V. 82, p. 1323; V. 91, p. 590.
On July 7 1903 purchased portion of Oregon Short Line (Un. Pao.syst.).
forming part of the road above shown, the Ore. Short Line acquiring a half
interest In the property.
The Salt Lake City terminals are leased for 99
years.
V. 76. p. 920, 1193, 1356; V. 77, p. 38, 148, 695; V. 78. p. 1393.
V. 79. p. 1024.
Las Vegas ft Tonopah RR.. allied road. Las Vegas. Ner.
to Goldfield. 197 m., completed Nov. 1907, whence trackage to Tonopah,
28 miles.
V. 81, p. 1175.
On April 15 1907 99-year traffic agreement
with Southern Pacific was canceled.
V. 84, p. 1308.
Stock authorized, $25,000,000: par, $100; all Issued, held In voting trust
for 5 years (from 1903) by Farmers’ Loan ft Trust Co. In joint
interest_of
Union Pac. and Wm. A. Clark.
Govt, suit to set aside control by U. P.
V. 86, p. 286.
BONDS.—Of the first 4s of 190$ ($60,000,000 auth. Issue) $48,000,000
were Issued to retire the $40,000,000 old 4s and
floating lndebt. lncurred.for
extensions, Improvements, ftc. V 90. p. Ill; V. 89, p. 1669
-
Oct.. 1910. j
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
[For abbreviations, Ac.,
Road
Sav ft Statesboro—1st M $300,000 eu p & i (end)-.c*
33
Savannah Union Station Co—First M $600,000 e_-G.r
Schenectady & Duanesburg—See Delaware & Hudson Co
Schuylkill ftOuniata RR—See Pennsylvania RR
Schuylkill ft Lehigh—First mtge guar by Reading Co
44
Schuylkill Valley Navigation ft RR—Stock
Seaboard Air Line Ry—
First M g subj to call (see text)
CoBa.cAr
Coll trust ref M g red at 105 (V 70, p 842)__.Ce.c*
Atlanta-Birm Division first mtge $10,000,000 K.c*
Three-year coll trust $5,000,000 g ext In 1007
N
FloridaJWest Shore 1st M gold
_
All
192
"66
Equipment trust
Equlpm’t trust due quarterly Ser B (V 74, p 380)
Equipment mortgage gold Ser C due quarterly.Q.c*
-
do
do
do
do
do
gold Ser D due $32,000 s-a
do
gold Ser E due $25,000 s-a..
do
gold Ser F due $51,000 s-a
do
gold Ser O due $88,000 s-a.N
do
do
gold Ser H due $28,000 s-a.N
do
do
gold Ser 1 due $05,000 s-a.PIP
do
do
gold Ser J due $45,000 s-a...
do
do
gold SerK gu due$15,000s-a.c*
do
do
gold Ser L due $69,000s.a._N
Carolina Central 1st cons M gold guar p A 1 (end).F
Durham A Northern first mortgage $100.000.MeBa
Roanoke A Tar River $260,000
MeBa
Florida Cent A Penln 1st M ($5,226 p m) gold.Ce.c*
Second M (1st on ext, 92 m) $5,226 p m g-Mp.c*
Consol mtge $7,800,000 ($10,000 p m) gold__u.c*
South Bound 1st M gold Interest rental..MeBa.c*
..
-
Georgia A Ala 1st M
cons
$6,185,000 gold-.BBa.o*
Ga A Ala Term Co 1st M callable at 110 guar p A 1..
Georgia Carolina & North 1st M gold guar..MeBa,c*
Raleigh A Augusta first mortgage
R ft G first mortgage $1,500,000 gold
MeBa.c
S A R first mortgage $2,500,000
MeBa.c* &r
Debenture $690,000 to be secured by any 2d M. _r
Refundingjmtge $125,000,000 red 105
267
42
32
575
666
780
136
400
268
107
‘81
N.xc*Ar*
Date
Bonds
Par
Value
1903
1902
$1.000
1,000 Ac
$185,000
600,000
1898
$1,000
600,000
576,050
50
1900
1901
1903
1904
1904
1897
1902
1903
1904
1905
1,000 Ac
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
1,000
1,000
1905
1906
1906
1907
1907
1907
1909
1899
1888
1887
1888
1890
1893
1891
1895
1898
1889
1886
1897
1886
1886
1909
1909
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100 Ac
1,000
1,000
Adjust M(5% cum int) $25,000,000 red par.FBa.xc*
Old Loans excluding (*) amounts pledged under consol ldated mortgage
EARNINGS.—2 rmos.,/1910
Gross, $1,263,315; net, $241,859
July 1 to Aug.!31.
(1909
Gross. 1,463,291; net. 556,659
REPORT.—For year ending June 30 1910, gross, $6,092,822; net,
$786,928; other income, $174,097; Interest, taxes, Ac., $2,412,404; bal.,
surp., $1,451,379.
In 1908-09.gross, $7,450,462; net, $2,481,912.
Pres., W. A. Clark; Sec., W. H. Comstock; Treas., W. H. Leete.—(V.88,
p. 565; V. 89. p. 1142, 1669; V. 90, p. Ill, 1491; V. 91, p. 590.)
Pf SANTA FE PRESCOTT ft PHOENIX RY.—(See Map Atchison Topeka
A Santa Fe.)—Owns Ash Fork, via Prescott, to Phoenix, Arlz., 195.4 m.,
opened In March 1895; branches, 114 m. P. A E. Jet. to Mayer, Arlz., 26.4
m., built under charter of Pres. A East., Is leased for 99 years and Its $375,000 bonds guar.
The Atch. Top. A S. Fe took possession Nov. 8 1901, hav¬
ing acquired $2,963,000 of the 2d mtge. bonds and all of the $7,903,000
■took, and the road has been operated as a part of the system since July 1 *06.
—(V. 73. p. 781. 844. 900, 954: V. 75. p. 667; V. 77. p. 90.)
SANTA FE LIBERAL ft ENOLEWOODRR.- -1 Projected roads Involved
SANTA”
FE V7T'
RATON ft DES MOINES “1
RR.—'
Jin failure of E_.jp. Shepard A Co.
See V. 88, p. 884, and Yankee Fuel Co. In V. 90, p. 378.
Protective Committee for Securities of All Allied Companies.—Charles H,
Lee. Chairman; Robert Lawrence. Sec.; Trust Co. of America, depositary.
—(V. 89. p. 163, 349; V. 90. p 373.)
_
,
SANTA FE RATON ft EASTERN RR.—Projected Raton. N. M.. to
Yankee, N. M., 12 m., of which 9 m. operated; branch from Carlsbrook to
Sugarlte, 3 m.; total, 15 miles. See V. 88, p. 884; V. 90, p. 373. Stock,
$8C>0,000; outstanding, $60,000. In June 1909 a bondholders' protective
committee (John W. Platten, Chairman; Calvert Brewer, 55 Cedar St. Sec.;
U. S. Mtge. A Tr. Co. N. Y., depositary) was formed for the S. F. Raton A
Eastern and Yankee Fuel Co.. V. 88. p. 1501,—(V. 90, p. 373.)
SARATOGA ft SCHENECTADY RR.—ISee Map Del. A Hudson.)—
Saratoga to Schenectady, 21 m. Leased In perpetuity In 1861 to Rens. A
Saratoga and lease assigned to Del. A Hudson, by which It Is operated.
Rental, $31,750 per year. Stock, $450,000.
Dividends, 7% yearly, paid
Jan. and July 15 at Troy, N. Y.
SAULT STB. MARIE BRIDGE.—Owns Sault Ste. Marie Bridge. Includ¬
ing 6,421 feet of main track. The Can. Pao., Dul. So. Shore A Atl. and
Minn. St. P. A S. Ste. Marie RR. cos. agree to pay for use of bridge an
amount equal to operating expenses and Interest and s. f. of debt.
Bonds
authorized, $1,000,000; s. f.. $5,500 yearly. Stock, $1,000,000.
SAVANNAH AUGUSTA ft NORTHERN RY.—To extend from Savan¬
nah, Ga., to Chattanooga, Tenn., 380 miles, with branch to Augusta, Ga.«
40 miles.
V. 84, p. 1553.
In June 1910 In operation from Statesboro,
Ga
to Garfield, 25 m., and 34 miles additional graded.
Sold March 18
1910 at receiver’s sale for $250,000 to W. J. Oliver, who held a contractor’s
claim; sale confirmed. V. 90, p. 772, 1103. Stock auth. was: Com., $8,000,000; pref., $3,000,000, and bonds, $11,000,000.—(V. 90, p. 1103.)
,
SAVANNAH UNION STATION CO.—Owns union pass, station and ter¬
minal at Savannah. Ga., with 8 m. of track.
Leased by the Southern Ry.,
Sav. Fla. A West, (now Atl. Coast Line RR.) and Seaboard A. L. Ry.,
which own the $300,000 stock, the rental providing for Interest and s. f. on
bonds, maintenance, Ac. Pres., J. R. Kenly; Treas., Savannah Tr. Co.;
Sec., W. V. Davis.—(V. 71, p. 343; V. 74, p. 1039, 1253.)
SAVANNAH ft STATESBORO RY.—Owns Cuyler to Statesboro, Ga.,
Cuyler to Savannah, 20 m. V. 79. p. 2148. Stock,
$200,000, all outstanding.
Has traffic contract with Seaboard A. L.,
which guar, bonds by endorsement, prin. and lnt.; Savannah Tr. Co,, trus¬
tee, V. 75, p. 1303; V. 77, p. 695.
Form of guaranty. V. 81, p. 614. Year
ending June 30 1909, gross, $54,511; net, $16,842; other Income, $1,385;
lnt. on bonds, Ac.. $15,283; bal., sur., $2,944.
Pres, and Treas., J. Ran¬
dolph Anderson. Savannah; Sec., J A. Brannen. Office, Statesboro, Ga.
—(V. 83. p. 970.)
SCHUYLKILL ft LEHIGH RR.—Owns from High’s Farm, near Reading.
Pa., to Slatlngton, Pa., 46.9 m.; total track, 56.71 m.
In 1883 leased to
Phlla. A Read, for 999 years.
Rental. $27,000 yearly and taxes. Reading
Co. owns stock) $600,000), of which $598,000 under Its gen. mtge. of 1897.
SCHUYLKILL VALLEV NAVIGATION ft RR.—Port Carbon to Reevesdale. Pa., 11 m.; 2d track, 5 m.; branches, Ac., 11.62 m.; total track, 28 m.
Leased July 25 1861 for 999 years to Phlla. A Read.
Rental $29,450,
which pays 5% on stock and State taxes.
SEABOARD COMPANY.—Under the adjustment plan of the Seaboard
Air Line Ry. the holders of the stock of the Seaboard Company (common,
$28,545,775 first preferred, $6,360,600. and second pref., $15,993,650* par.
$100) were offered the right to subscribe pro rata to the extent of 30% of
their holdings at 70, payable In Oct. 1909, zor 5% adjustment Income bonds
of that co. In July 1907 over 82 X % of the Seaboard A. L. stock had been
acquired In exchange for stock of Seaboard Co. Dlvs. on 1st pref., July
1909, ZH%; 1907, 5%; Aug. 15 1910, 2H%.—(V. 91, p. 337.)
82.6 m.: trackage,
SEABOARD AIR LINE RY.—(See Map.)—This company owns a line
from Richmond, Va., to Atlanta, Ga., and Tampa, Fla., Ac., viz.
Lines owned in fee—
Miles. \Lines owned in fee (concl.)
Mites.
Richmond,Va., to Savannah, Ga_502 (Savannah, Ga., to Tampa, Cedar
Keys, Chattahoochee River,
Wilmington, N. G., to Atlanta,
.
Ga
Atlanta
437
A
Air Line,
Birm.
Ga., to Birming¬
Ac
Starke to Wanee, Fla
Other lines
806
58
625
Howells,
Proprietary Lines—
ham,
Ala.
(including 24
miles branches)..
Va..to
Weldon.N.C.
81
216 Portsmouth,
State Line to Lewiston, N.C...
32
Savannah, Ga.. to Montgomery,
Ala. (58 miles trackage de¬
Trackage
18
ducted) ....................280
Totalsys. (see V.74, p.773)..3,015
The proprietary lines Include:
Roanoke A Tar River RR. (stock all
owned), 32m.; Seaboard A Roanoke RR. (all of stock owned). 81 m.;
Georgia A Alabama Terminal Co., operating 8 m. of track. In addition to
...—.—.—.....
117
Amount
Rate
When
Last Dividend
Outstanding
%
Payable
and Maturity
12,775,000
10,000,000
5,760,000
4.651.000
717,000
105,000
105,000
413.000
256.000
225,000
561.000
1.056.000
312,000
910,000
630.000
210,000
1,311,000
3.000,000
*100,000
*55,000
3,000,000
410,000
4.372.000
2,033,000
6,085,000
1.000,000
5,360,000
1,000,000
1,200,000
2,500,000
*285.000
See text
24,979.500
Places Where Interest and
Dividends
are
Payable
5 g
4 g
J
A
A
A
J Jan 1 1953
O Apr 1 1952
Savannah Trust Co
Standard Trust Ce. N T
4
5
M
A
A
N May 1 1948
J July 14 ’10 2 H
Reading Terminal, Phlla
J
A
A O Apr 1 1950
M
A N May 1 1911
M A
S May 1 1933
A
M
S May 1 1911
A
J
J Jan
1 1934
A N To Nov 1917
M
A
F
A Nov ’10-Feb ’12
4K
A
J Jan ’ll-Apr '13
4H g J
J
A D Dec ’10-June’14
5
A
A
5 g
O Apr ’ll-Apr ’15
5 g
J
A D Dec ’10-Dec’15
A D Dec ’10-June'16
5 g
J
M A
5 g
S Mch’ll-Sep ’16
M A N May ’11-May *17
5 g
J
A
5 g
J Dec ’10-June’17
A
5 g
J
J Jan *11 July’17
5 g
J A D 15 Dec'10-Dec ’19
A
4 g
J
J Jan 1 1949
6
M A N Nov 1 1928
A
6
A
O 1917
A
5 g
J
J July 1 1918
A
5 g
J
J Jan 1 1930
5 g
A
J
J Jan 1 1943
A
A
o Apr 1 1941
5 g
A
5 g
J
J Oct 1 1945
A D Dec 1 1948
5 *
J
A
5 g
J
J July 1 1929
A
6
J
J Jan 1 1926
5 g
A
J
J Jan 1 1947
5
A
J
J July 1 1926
F
A
6
A After July 1916
A
4 g
A
O Oct 1 1959
Up to 5 F A A Oct 1 1949
4
5
4
5
5
5
do
24 Broad St, New York
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York Trust Co, N Y
do
do
Prov Life A Tr Co. Phlla
New York Trust Co, N Y
Phlla S D, Ins A Trust
24 Broad St, New York
do
do
Merc Tr A Dep Co, Balt
g
g
g
g
g
..
do
do
,
do
24 Broad St, New York
do
do
do
do
24 Broad St, N Y, or Balt
24 Broad St, New York
do
do
24 Broad St and Balt
Balt Trust A Guar Co
do
do
24 Broad St, New York
Checks mailed
New York
2
H% Paid Aug 1910
the above line there had been completed In Sept. 1910 an extension of 12
miles and 39 miles were under construction.
Also owns a 1-6 Interest In the Richmond-Washington Co., controlling the
road from Richmond, Va.. to Washington. D. C. (V. 73, p. 843). and under
traffic agreement with the Penn. RR. maintains through car service between
N. Y., Phlla., Washington and the South.
In Jan. 1907 the entire stock of
the Macon Dublin A Savannah, Macon to Vldalla, Ga., 93 m., was acquired
or secured under option, the $1,240,000 5% bonds ($1,840,000 auth. issue)
being guar., prin. and int. V. 84, p. 104 , 451. Also controls the Balt.
Steam Packet Co. and a substantial interest in the Old Dominion SS. Co.
In June 1909 a majority of the stock of the Chesterfield A Lancaster Ry.;
Cheraw, S. C., to Crowburk, 38 miles, was acquired., V. 89, p. 43.
ORGANIZATION.—An amalgamation in 1900 of “Seaboard” lines.
In
Sept. 1909 five subsidiaries, aggregating 387 miles. Including the Atlanta A
Birmingham Air Line, Florida West Shore Ry., Ac., were absorbed. V, 89.
Receivers were appointed in Jan. 1908, but the company resumed
possession Nov. 5 1909 after reorganization without foreclosure per plan In
V. 89, p. 43.
The future development of the property and the refunding of existing
bonds Is provided for by a 4% refunding mortgage limited to $125,000,000,
but none had been Issued to Oct. 1910.
The plan reduced the fixed Interest charges of the enlarged
system before
any of the refunding bonds are Issued from $4,261,775 to $3,288,710.
STOCK.—Auth., $75,000,000, of which $25,000,000 pref.; outstanding
July 1910, com., $37,019,400 and non-cum. pref., $23,894,100. Par, $100.
Pref. Is entitled to 4%, then com. to 4%, then pref. to 2% additional, then
com. to all further profits.
BONDS.—In the reorganization of 1909 assenting holders of $12,259,000
first mtge. bonds of 1900 had their bonds stamped subject to call on any lnt.
day, the remaining $516,000 being unstamped.
V. 89, p. 666.
The adjustment mortgage bonds (Issue limited to $25,000,000) are
entitled to cumulative Interest at 5%, to be payable as earned In Install¬
ments of 1 H% or multiples thereof, and are redeemable at
par and
all unpaid cumulative interest on any Interest date, their lien to be Immedi¬
ately subsequent to the new refunding bonds.
No dividends are to be paid
on the stock until arrearages of Interest on the bonds are
paid in full. Of
the bonds $6,979,500 were Issued to retire the $6,345,000 general mort¬
gage 58 with interest due to Aug. 1 1909, and $18,000,000, underwritten by
a syndicate at 70 less commission, were offered to stockholders at 70.
V. 90, p. 1171, 1297, 1555.
First semi-annual coupon on adjustment bonds, 2 H %, was paid Aug. 1
1910.
V. 90, p. 1678.
4% Refunding Bonds, $125,000,000 (None Issued to Oct. 1910.)
[Redeemable at 105 and Interest on any interest-payment date.]
(a) Amounts set aside, aggregating $75,000,000, viz.:
To retire underlying divisional bonds ($30,400,000); first
mortgage 4s ($12,775,000); 3-year 5s and 10-year 5s ($14,651,000), and equip, trust oblig. (about $6,000,000)
$63,826,000
For double-tracking, reducing grades, revising lines, Ac
4,000,000
To aid In retiring Seaboard collateral trust ana first mortgage
bonds; and for betterments, Ac., but only upon request of
p. 994.
board of directors, by three-fourths’ vote
2,750,000
For betterments, improvements, Ac
4,424,000
(b) Issuable under restrictions In mortgage, $50,000,000, viz.:
To provide for the development of the property,
the acquisition of addi¬
tional lines, equipment and other property, for Improvements, and for
the acquisition or retirement of bonds of subsidiary lines, and to take
up any of the $5,500,000 additional first mortgage 4% bonds which
may be Issued.
To be certified not over $2,750,000 In each year.)
Note.—The company is to pledge under the refunding mortgage, as addi¬
tional security, all of the $21,500,000 first mortgage 4s now hmd as security
for the two Issues of coll, trust 5s, due May 1911; the $5,500,000 first mtge.
4s formerly In the treasury or pledged for floating
debt have been pledged
under the mortgage.
It Is Intended that the $5,500,000 additional first
mtge. 4s which the co. Is entitled to receive from the trustee up to and lnol.
the year 1913 shall also be ultimately pledged under the ref. mtge.
The ref.
mtge. forbids the Issue of any first mtge. 4s aside from this $5,500,000.
The Atlanta A Birmingham division 4s of 1903 ($10,000,000 authorized.
Issue) are secured on the line from Howell’s Jet., Ga., to Birmingham, Ala.,
164 m., with branches. 34 m. V. 76, p. 1302; V. 77. p.
p. 1850.
647;
The ooll. tr. 5s of 1904 are secured hy a lien on $20,000,000 of 1st mtge.
bonds (subject to 5s of 1901), Ac., see V. 78. p. 104, 229, 821, 989; V. 84.
P. 340.
vTil.
GUARANTIES.—The Savannah A FStatesboro and Macon Dublin A
Savannah bonds ($185,000 and $1,240,000 respectively) are guar. p. A I.:
also Richmond-Wash. Co. bonds, jointly and severally with 5 other cos.
V. 77. p. 647. 648; V. 79. p. 2148.
EARNINGS (rail lines)/1910
July 1 to Aug. 31.11909
2 mo8.,
Gross, $3,047,224; net, $702,457
Gross, 2,741,370; net, 690,942
Report for 1909-10, V. 91, p. 1021.
REPORT.—Fiscal year ends June 30.
1909-10.
Operating
Operating
1908-09.
Inc.
or
Dec.
$20,068,772 $17,634,496 +$2,434,276
13,156,073
12,218,803
+ 989,270
revenueexpenses
Net earnings
Total net inoome
Int. oth. than on adjust, bonds
Rentals, taxes. Ac_
Int. on adjustment bondsl
Discount on adjustment bonds
_
.....
16,912,699
17,039,715
13,521,871
950,159
832,650
105,000
$5,417,693 +$1,495,006
$5,.627,981 +$1,511,784
T
“
$4,189,212
—$667,841
902,634
+47.525
+832,650
+105,000
Balance, surplus
$1,630,035
$436,186 +$1.193.9<X)
DIRECTORS.—Y. Van den Berg, New York: H. Clay Pierce, St. Louis;
S.Davlee Warfield, J. William Mlddendorf. John B.
Ramsay, Baltimore,
Md.: B. F. Yoakum, Ernst Thalmann, H. Rleman Duval, James A.
Blair,
N. S. Meldrum, L. F-Loree. Franklin
Brown. Hennr 0.
York, N. Y.; John Skelton Williams Townsend Scott, Baltimore, Md.
Perklns/NeS
118
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., wee notes on first page]
Miles
Date
Road Bonds
Shamokin Sunbury ft Le wit bars—Pint mtge__c*&r
2d M sold
c
ivQle—Stock guar by Nor Cen
31
31
38
38
‘
sink fund (not drawn) _.c*
d conv (V. 88, p. 1626)---Sharon—Stock (11,600,000) 6% suar by rental
33
Sharon first mortgage gold (Sharon to Pymat.ftc).
16
New Castle
Castle A
& Shenango Valley—First mtge lnt guar
17
mtgeJnt
tort Bridge ft Terminal—See St Louis Soutnwe stern
tall
(of California)—First mortgage gold..
isssres?...
Second mortgage 6860,000
way
77
77
gold
Yoeemlte Short Line 1st M 6876,000 gold guar p A 1
Silver Spring Ocala ft Oolf—See Atlantic Coast Line
Slcaneateles RR—First mortgage 6100.000 gold-.Usm
Somerset Railway—First mortgage..
c
Consolidated mortgage 6420,000 gold
First and refunding mortgage 61.500.000 gold-.AB
Notes 61,500,000 guaranteed .principal ana Interest
lath Carolina Pacific—First mtge cur
Interest.rental
ith Dak Cent—1st M 61.000.000 red 105
beg ’17.AC
D*
tui
5
42
42
94
10
103
_
c M..2) _f.c
No Ala—Con M (for 610.000,000) gold gu__Ce.o*
—prov’tm
aoutnern lnui
..
_
_
...
m
Son them Pacific Company—Stock (6300,000,000)
Coll trust M gold subject to call at par
Un.c* Ar
Steamship first mortgage bonds Senes A 63,000,000
Conv bonds 682,000,000 gold red text.
.xc* Ar*
Gold bonds 6100.000.000 auth red 105begJ1y’l2 Ox
_
_
102
189
180
4.64
.
First mortgage gold (see text)
QPc*
General mortgage 66.000,000
FC
Chicago Sou coupon notes gold guar p A 1
__GP
Chicago Sou M 65,500,000 g red 102 H pip A l.OP
Chicago Southern debentures 61.000,000
New Securities to be issued under plan—
Stock 65.500.000
1st and ref M 620,000,000 gold red 107 X—
Income M 66,500,000 red (text) cum aft 2 years.
1882
1890
„
„
228
228
...
114
...
50
««*«•*»
1001
1900
1,000
1,000
1880
1887
1,000
1,000
1807
1004
1005
1,000
1,000
SFrTlstM650.000.000au
g
.
.
redl05beg’15.0gmxc* &r *
1808
1.000
1887
500 fto
1000
500 ftc
1005
1,000
1007
1,000
1884
100 ftc
1007
1003
1.000
1887
1.000
1886
1,000
1004
1,000
1901
1,000
1008
1001
1,000
1906
1905 1,000 ftc
1906
1,000
1907
_
•
••
—
1809
1891
1000
1000
1010
1,000 ftc
1,000
100 ftc
SIERRA RAILWAY (OFCALIFORNIA).—(See Map.)—Owns road from
Oakdale, In Stanislaus County, Cal., to Tuolumne, Tuolumne
County. 56.5
m.; Jamestown to Angels, 10.3 m.;
total, 75.8 m.;
Ac., track. 8.6 m.
The Yosemlte Short Line Ry. has partly built a yard,
50-mlle
Jamestown to Yosemlte National Park: this road Is to be extension from
leased; stock at
625.000 per mile and 1st mtge. 4H% bonds at 612,500
Trust Co. of Cal., trustee) to be guar., prln. A lnt. V. per mile (Central
81.
p. 1175.
Stock authorized, 85.000.000; Issued. 63,248.000. Of
the
40-year bonds, 8227.000 are reserved for future requirements. 6860.000 5%
V.70.p.27O.
EARNINGS.—2 mos.,11910
Gross, 675,637;
net, 639,038
July 1 to Aug. 31.
j 1909
.Gross,
86,210;
net,
52,510
For year ending June 30 1010, gross,
6425,314; net, 6188,505; lnt., taxes,
■Ae., 8134,505; bal., sur., 854,000. Pres., T. S. Bullock;
Sec., S.D. Fresh¬
man, Jamestown, Cal.—(V. 80, p. 1112; V.
81, p. 212, 1175.)
SIERRA VALLEYS RR.—Plumas to Mohawk, Cal., 37 miles. Sold In
foreclosure Jan. 30 1000 to
Nevada-Callfornla-Oregon Ry.. which will own
otock of new co., to be formed
to take over road.
V. 88, p.453.
Car trusts
June 30 1010, 610,655.
Year ending June 30 1910,
gross, 648,140; net
610.655; lut. and hire of equip., 68,383; taxes,
83,410; bal.,sur., 67,862.—
■\V» 88, p. 453.)
.
i
SOMERSET RY.—Owns road from Oakland to Kineo
Station, Me., and
branch, 04 miles. In April 1907 the Maine Central
acquired control; V. 85
PA 922. Capital stock Is 6736,649; par, 3100; 1st and ref. 4s of 1905 (31,SOO.OOO auth. Issue) are a first lien on the extension from
Austin Jet. to
Kineo Station and equlpt.; of the balance
unissued, 3420,000 are reserved
to retire the 6307,500 old bonds and
3216,000 for Improvements at 80% of
cost, but only when net earnings are twice the
Interest on the bonds then
outstanding. V. 83, p. 07. In May 1007 31.500.000
4-year 5% notes,
fuar. prln. and tot. by the Maine Central, were
sold.
V. 84. p. 1183.
For
year 1»09-10; total oper.
revenue, 6330,064; net, over taxes,
875,777;other
dno.( 3275; charges, 3130.028; bal., def.,
353.076.—(V. 01, p. 791.)
SOUTH CAROLINA ft OEORQIA RR.—See South’n
Ry.. Carolina Dlv.
SOUTH CAROLINA PACIFIC RY.—North Carolina
State line to BenaaettsylUe.
S. O.. on
10.50
miles. Leased till Dec. 1014 to Atlantic Coast Line
RR. for interest
bonds.
Stock, 3100.000. Bonds, see table.
SOUTH DAKOTA CENTRAL RY.—Owns Sioux
Falls, S. D., to Water1908. Stock authorized, 32,600,000; outat’g.
^8K&*12SLl,[l,,®0,lSPlcted
Bonivi
to™e above. V. 84, p. 869; V. 86, p. 98 For cal
.
Fv.n;TOo.>omce-SI0UI Faus's-D-
SOUTH GEORGIA RY.—Adel
to
Greenville. Fla., 51 miles; leases West
SXfftffiT*
81 m.; total.
V. 83, p. S5amirton
8500,000. vrei<vllie
1172. Year Sprto*»,
ending June 30
82
milei^ Stock*
1909, gross, 3182,575*
net Income, 367,983;
to*-* fezes*
«ur.. 318,163.
Pres., J. W.
ft838,220; dlvs. (20%L61l,600: bal.,
Oglesby; Treas.. C.
T.
164.000
250.000
TilbnanT— (V.
83,
p!
.SOUTH PACIFIC COAST RY.—NARROW GAUGE.—Elmhurst to
?“*a,prus
branches;
total, 97 miles, of which 39 m. narrow gauge;
8™* with
Leased
for 55 years from July 1 1887
to Southern Pacific Co?,
guarantees the bonds and owns all
the 86.000.000
stock
m&m&sivaaskBB&ii&
Year
When
%
Payable
S*
M
J
F
J
6
M
M
J
iHi J
3 g
1.239.000
!*
5 g
633.000
See text
4Hg
100,000
225.000
172,500
864.000
5
1*
104.600
750.000
250,000
6
5.500.000
10.000.000
4 g
SI
1.020.000
3,000,000
382.000
7,537.000
3,212.000
715.000
3,285.000
1,000,000
i■
M
F
M
J
» *
J
l*
ft
ft
ft
ft
ft
ft
ft
ft
N
J
A
J
N
S
D
J
A 12 ft O
M 15 ft S
M ft
S
F
J
J
J
J
A
J
J
J
F
F
M
5
4 g
1.500.000
5,500,000
2,500,000
100
500 ftc
Rate
5
860.450
2.000.000
600,000
882,150
100
W. K. Whigham, London, England; Wallace B. Donham, Boston; Nor¬
man B. Ream, Chicago; Hennen Jennings, Geo. W.
Watts.
Pres., N. S. Meldrum; Treas., R. L. Nutt; Seo., D. C. Porteous.
General office, Portsmouth and Norfolk, Va.; N. Y.
office, 24 Broad St.
—(V. 00, p. 915,[1171, 1207, 1555, 1678; V. 01, p. 461. 871, 1021.)
SHAMOKIN SUNBURY ft LEWISBURO RR.—(See Map Reading Sys¬
tem.)—Carbon Run Jet. to West Milton, Pa., with Iron bridge over
Susque¬
hanna, 31 miles; second track, 15 m.; total of all track, 57 m. Leased
to
Phlla. A Read. July 2 1883 for 000 years at 6% on the stock.
Used for coal
traffic northward.
Stock, 62,000,000 (par 650). owned by Reading Co.,
of which 61.605,000 Is deposited under mtge. of
1807.—(V. 51, p. 21.)
SHAMOKIN VALLEY ft POTTSVILLE RR.—(See Maps Pa.
RR.)—Sun¬
bury, Pa., to Mt. Carmel, Pa., and branches. 38 miles. Leased Feb.
27 1863
far 000 years to Northern Central Ry. Co., with a
guaranty of taxes, interest
mi bonds and 6% on stock, of which N. C.
owns 8610,650.—(V. 78, p. 1008.
SHARON RY.—Owns from Newcastle, Pa., via Sharon, to
Pa., with branches, 33.07 miles. Leased to Erie RR. for 000Pymatunlng,
years from
Deo. 11000 for Interest on bonds and 6% on stock.
The stockholders voted
March 23 1008 to Increase the stock from
6800.000 to 81.600.000 from time
to time for lmpts.—(V. 86. p. 722, 705, 1226.)
&
31.000.000
1,000.000
50
—
.
Amount
Outstanding
81.000
1,000
D
-
si
Par
Value
[VOL.
A
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
Last Dividend
and
Maturity
May 1 1012
Aug 1010 3%
July 1 1031
Nov 11010
Sept 4 1010 6% Sharon. Pa
June 11010
Apr 12 1037
Sept 15 1044
Sept 1 1045
)W
L?1® last named, have
bridge,
a 50-year oontract dated
under which they agree to meet all
charges.
SOUTHERN INDIANA RAILWAY.—Owns from Mein Street, Terre
to StotoUnS s* *’ .^e??noH?r» 12L42 mUes; Chicago extension. 6hicago
StU
52*
JvSLSbi}Haut0
(east).
Chicago
Km* 4 niS&SlSbP??
Seymour to Westport. 26.45 m.; Sullivan
r?^ch*
to Sullivan, 18.48 m.; coal branches, 25.03 mUes;
Belt
ffin1
connection
Vandalla Line.
Mato St. to Union Sta-
(unioago Heights), 114.30 m.; Bedford Belt
Ry., Bedford to
m.; total leased,' 118.70
m.; total op. June 30 1910, 346.08 m.
Oolltlo, 4.19
McKeen to
Crocker
National
do
do
A Aug 1 1018
J July 1 1017
J July 1 1050
J July 1 1055
D Junel 1011
O Oct 1 1014
J Jan
1027
J Jan
1023
J July
1037
A Aug
1036
A Aug
1036
N Nov
1051
N Nov
1010
A Feb
1051
N May 1 1016
J July 1 1007
J
1036
O
Bank
do
do
U S Mtge A Tr Co. N Y
Nat Shaw Bank, Boston
do
do
Amer Trust Co, Boston
Second Nat Bank, Bos
Safe Dep A Tr Co, Balt
New York A QultmamGa
So Pao, 120 B’way. N Y
Office, 71 Broadway,N Y
Mercantile Trust Go, N Y
Aug *00 cp paid Aug 1 *10
First Tr A Sav Bk, Chle
Girard Trust Co, Phlla
July 1008 coupon not pd
50 years
g
6:566066 See 5text.
See text. 50 years
272,671,300 6 In 1010 Q—J
Oct 1 *30 1 H% Checks mailed
30.618.500
J
ft D Aug 1 1040
120 Broadway, New York
1.715,000
J
ft
81.814.000
227.000
25.000.000
„
S'
If'
M
J
A
ft
ft
ft
J Jan 1 1011
S Junel 1020
J July 1 1020
O Apr 1 1050
do
do
do
do
do
do
RECEIVERSHIP.—In Aug. 1908
receiver of the Southern Indiana and Myron J. Carpenter was appointed
Chicago South. V.
Foreclosure sale of the Southern Indiana under the 87. p. 481, 545.
gen. mtge. of 1006
has been set for Nov. 3 1910 and of the
Chicago Southern for Nov. 4 1910.
V. 00, p. 1401; V. 91, p. 871.
The receiver's certificates.. (3700,000
authorized) have a lien ahead of the
bonds. V. 87, p. 1238.
I
...
PLAN" OF,
»
REORGANIZATION.—In'Aug.
1010'a general
committee, consisting of E. K. Bolsot. Chicago (Chairman reorganization
committee of
holders of gen. mtge. 5s), A. G.
Hodenpyl, New York (Chairman of oommlttee of holders of 1st 4s of 1001); Chas. D.
Smithera, New York (Chairman
committee of holders of Chicago Southern 5s); M. B.
Johnson. Cleveland,
and Festus J. Wade, St. Louis, Issued the
following plan, which has been
adpoted.
Reorganisation and Consolidation Plan (See V. 91, p 337, 333).
A new company, to be called
probably Chicago & Southeastern RR., will
after foreclosure acquire, with possibly minor
exceptions, the property
of Chicago Southern
Ry. and Southern Indiana Ry. (subject to the
So. Ind. 1st M. dated Feb. 1 1901); also It is
expected, the stock of the Bed¬
ford Belt Ry. or Its property, subject to
existing liens; and will authorize
the new securities shown In the table above.
The new “first and refunding mortgage" will secure not
exceedng 820,-
000,000 50-year gold bonds; the first 33,500,000 will bear 5% Interest; all
subsequent Issues not exceeding 5%. The bonds will be subject to call as
a whole on any Interest
day at 107 fi. They will be a first mortgage on the
road and equipment owned by Chicago Southern
July 11910, and a general
mtge. on that of the Southern
1st M. (37,537,000).
To be sold to
Indiana Ry., subject^to the South. Ind.
They will be issuable as follows:
provide cash requirements of plan (about 32,-
339,158), ftc
82,500.000
Issuable as required for general
corporate purposes, but not
more than 8500,000 before
July 1 1011
1,500,000
Reserved to retire 1st M. bonds of Sou. Indiana Ry
7,537,000
To retire 1st M. 5% bonds of Bedford Belt
Ry., if that com¬
pany's stock or property Is acquired
350,000
Remainder, lncl. any bonds not needed for the above purposes,
to be reserved under careful restrictions for
acquisition or con¬
struction of new property, extensions, betterments and other
capital
expenditures
.
8,113,000
The36,500,00050-year Income bonds will bear Interest at 4% for 2 years
and 5% thereafter until
maturity; the Interest to be cumulative after two
years from date.
The interest for the first two years will be payable out
of net earnings If, and to the extent that, the net
earnings, in the discretion
of the board,shall warrant, and In subsequent
years from net earnings de¬
termined in the manner to be provided In the mtge.
The bonds are sub¬
ject to call as a whole at par and unpaid lnt. from the time the same be¬
comes cumulative to date of
redemption. They will be secured by a lien
immediately subsequent to the first and refunding mtge. The holders
wl]]
have at all stockholders’ meetings one vote
for each 3100 par value held un¬
less the committee deem it expedient to
modify such provision.
The 85.500,000 common stock, except shares
necessary to qualify di¬
rectors, will be placed In a voting trust to be named by the oommlttee.
with
power to fill vacancies, for ten years, or such shorter period as the committe
may approve.
The stock may be sold by the trustees (by a
majority vote)
at not less than 75%, the proceeds to be distributed
among the holders of
trust certificates (see also right to
pledge below).
The Southern Indiana 1st 4s (to he limited to the
87,537,000 outstand¬
ing) are to be secured by a lien on all the equipment owned by the Southern
Indiana on July 1 1010, subject to any equipment
trust
notes thereon, for
which payment Is provided In the plan)- and In case the Bedford Belt
Ry.
or stock thereof shall be acquired, a lien thereon second
to the mtge. now
thereon, and by a first lien on every extension or branch not exceeding 10
miles In length now or hereafter constructed or acquired from the
present
line of the Southern Indiana.
Will Receive in Exchange—
First A
Income Bonds.
Stock.
Ref. 5s.
Sou.Ind.gen.M. 63.212.000 85% 32.730,200 40% 31.284.800
Cb.S0U.lstM.bds. 3,285,000 70%
2,200,500 40%
1,314,000
Ch. So.oou.bds.
715,000 70%
500,500 40%
286,000
Syndicate certfs. 1,002,000 42%
790,050 58%
1,103,450
To be sold
82.500.000
Holders of—
Reorg., Ac.,
170,750
....
1,511,750
Total
821,614,500
36,500.000
35,500,000 82,500,000
No provision Is made for the stock of the So. Ind. Ry. (811,000,000) and
Chic. SO. Ry. (31,500,000).
Equipment notes, lncl. tot., June 30 1910, 8492,840.
EARNINGS.—2 mos.,11910
July 1 to Aug. 31.
j 1909
..Gross, 3318.500;
Gross
225,504:
Gross earnings (ind. other Income)..
Operating expenses..........----Net
net, 8100,393
net,
99,410
for the year ended June 30 1010
Sou. Ind.
of the
Farmers L A Tt Co, N T
do
do
July 11017
REPORT.—The receiver’s report
use
Places Where Interest and
Dividends are Payable
Phlla A Read RR. PhUa
do
do
Broad St Station, Phlla
do
do
July 1 1025
(June estimated) shows
Nov. 11001 for
LXXXXI.
61,504,528
_
Chic. Sou.
.
,
042,415
82,068,603
3662.113
3210.776
8681.650
Fixed charges (under foregoing plan of reorglzatlon). namely.
Interest on Sou. Ind. 1st 4s, 8301,480; on 82,560,000 new
“1st and ref." 5s. 3125,000. and taxes, est., 8101,356)
4% on Income bonds
.
Total.
3464,165
244,389
1,186,804
8527,836
260,000
Surplus after proposed charges ft too. tot. (V. 01, p. 337)..
394.053
Pres.. E. K. Bolsot; Treas., E. F. Young, Grand Central Station. Chicago.
ID.
New directors March 1010, V. 00, p. 600.—(V. 01, p. 701, 871J
Oot., 1910.]
RAILWAY STOCKS AND BONDS.
121
J! I
/J/
/|i |
/I i L
/ I
//
h i *//
.
i r
i; //
^
^rgetown
^
w
a
/
y
/"
<
/
v
••—.4
map of the
SOUTHERN RAILWAY CO.
SYSTEM.
Railway-owned or leased
Operated separately-Majority Stock Owned.
Southern
the Southern Railway is Interested
Principal Connections.
Other lines In which
Trackage Rights
122
RAILWAY STOCKS AND BONDS.
Oo*,
1910.]
RAILWY
STOCKS
AND
BONDS.
123
124
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Miles
Road
Date
Bonds
...
1,045
240
First consol mtge guar
Southern Paclflo of Nc
2,020
Northern California first mortgage gold
First cons ref M g gu red 105 since 1910 Eq.xc* Ar'
Southern Railway—Common stock $120,000,000
Preferred 5% non-cumulatlve $50,000,000
M As O stock trust certificates
Development &
Series
Series
Series
Series
H
K
L
M
gen
M ($200,000,000) g--S.c*Ar*
gold due $225,000 M AN
gold due $140,000 M A N
gold due $300,000 F A A
gold due $70,000 J A D
PIP
_
167
79
114
373
64
3,286
...
....
...
....
4,346
Text
...
...
EP.c*
...
...
A—Properties Merged in Southern Railway Co.
Atlantic Tennessee A Ohio first mortgage
Ce
Col A Green first mortgage gold
Ce.c*
Georgia Pacific first mortgage
Ce.c*
Richmond A Danville consol mortgage gold..Ce.c
Debenture mtge old 3s (no longer Incomes)
Ce
Virginia Midland—Serial mortgages
General mortgage
Ce
1882
1887
1893
1881
1867
1871
1888
1889
1905
44
164
566
...
...
...
403
1894
1906
1910
1902
1904
1905
1905
1906
1909
1910
1883
1881
1882
1874
1882
1881
1886
Par
Value
Miles.
1,518
(3)
com¬
Controlled
by Morgan's La. 61
Tex.—Op'd Independently.
97 Iberia 6b Vermilion Rr
16
3,535
Oregon & California RR
666
Total proprietary lines
9,625
(2) Controlled by So. Pac. Co.—Op¬ Tot.(de<fuc.242 m. leas.toAtch)9,383
erated by Cos. owning them.
(4) Leased and Operated.
Galv. Harrlsb. A San Ant. Ry.1,338 New Mexico 6b Arizona RR....
88
Houston A Texas Central RR.. 789 Sonora Ry
263
Louisiana Western RR
198
Morgan’s La. A Tex.RR.ASS-. 351
Tot. RR. mileage June 30 '09 9,734
Texas 6b New Orleans RR
452 Steamship Lines
5,071
Nevada 6BCal.Ry.(V.81,p.1242)
422
Affiliated Lines.
Houston E. 6b W. Texas Ry
191 Glia val. Globe 6s Northern Ry. 125
Houston 6b
Southern Pacific
Shreveport RR....
40
12
Southern Pac. RR. of Mexico.
Maricopa 6b Phoenix RR
...
784
42
Grand total of owned, leased and affiliated lines June 30 1909
-.10,685
In June 1907 the Corvallis 6b Eastern, Yaqulna to Idanah, Ore., 142
miles, was purchased.
In Feb. 1910 the Arizona 6b Eastern RR. was In¬
corporated as a consolidation of controlled lines In Arizona (278 miles In
operation), the entire proposed system with extensions to be built to aggre¬
gate, with branches, 1,877 miles.
V. 90, p. 448.
ORGANIZATION.—Organized under laws of Kentucky. The Union
Pacific Mch. 1910 owned $126,610,000 stock.a strong
working control; but
the road continues to be operated
Independently. V. 72, p. 242, 248;
V. 75, p. 136; V. 90, p. 699.
In Jan. 1908 the Government brought suit
to set aside U. P. control.
V. 86, p. 286.
Inter-Callfomia Ry., 91 miles,
completed In Nov. 1909 and 4 m. under construction; see V. 78, p. 2443.
In Nov. 1909 169 miles under construction In the U. S. had been
mostly
completed.
The Southern Pacific RR. of Mexico, Incorporated June 24
1909 with $75,000,000 auth. stock, took over the 1,537 miles covered
by
Mexican concessions, extending from Empalme to
Guadalajara, 853 miles,
with branch lines 650 miles, of which 784 miles had been
June
completed
30
1909.
V. 83. p. 1536; V. 84, p. 1114; V. 86, p. 350; V. 87,
p. 414; V. 88,
p. 303, 1622; V. 89, p. 1427.
Northwestern Pacific RR. (jointly owned with Atchison), see that
co.,
V. 84, p. 103.
In June 1909 advances for electric roads chiefly around Los
Angeles and Salt Lake City aggregated $7,410,694. V. 84, p. 1114, 1249;
V. 86, p. 352, 353.
In June 1909 the controlled electric lines extending
from San Francisco to San Jose, Ac., 220 miles, were consolidated
under
name of Peninsular Ry., with $10,000,000 capital stock.
V. 89, p. 105.
PROPRIETARY LINES.—These, with a total mtge. Indebtedness June
SO 1909 of $333,637,313. are mostly owned—only $74,373 out of their
total
oapltal stock of $335,616,272 not being held on July 1 1909 by the Southern
Paclflo Co.
“Omnibus Lease," see "Supplement1’ of Jan. 1899.
Stocks
and bonds owned June 30 1909, V. 89. p. 1430.
STOCK, ETC.—Total com. stock authorized, $300,000,000,
Including
$67,275,500 exchanged In 1899 for Central Pacific stock—see Central
Pacific
and V. 68, p. 378, 725; V. 69, p. 132; V. 70, p. 740; V.
88, p. 507.
Of the
stook, $63,077,000 Is required for conversion at $130 per share for4s of
1909.
The outstanding $74,756,765 preferred stock was called for
payment
on July 15 1909, the holders having the
option (l) to exchange the same
for a like amount of 4H% bonds of a new Issue limited
to $100,000,000
and $20 per share in cash, or (2) an equal amount of common
stock, or
(8) receive $115 cash. Most of the holders exercised the option of conver¬
sion into common stock, only $227,000 being
exchanged for the new bonds.
V. 88, p. 1501; V. 89, p. 164.
DIVIDENDS.—f Oct. ’06—April ’07. July’07. Oct. ’07 to Oct. ’10.
(Common stock) .15% yearly (2 X s.-a.)
1 X %.
6% yearly (1X quar.)
BONDS.—-The 4% coll, trust gold bonds of 1899 are limited to
$36,819,600 and are subject to call at
par on 6 months’ notice.
The first Issue of $28,818,500, secured by $67,274,200 com. and
000 pref. stocks of the Cent. Pac. Ry. Co., was Issued forthwith. $12,000.The re¬
maining $8,000,500 is Issuable from time to time (but only as an equal
amount of Cent. Pac. pref. stock is received), as
this sum, $5,000,000 par value bonds were reservedprovided In the mtge.; of
against Issue of an equal
amount of Cent. Pao. pref. stock, for betterments or additions to
the rail¬
road
company’s properties. Issuable not exceeding $200,000 par value
thereof per annum; to June301909 there had been Issued
$1,800,000 of these
bonds simultaneously with deposit with the trustee of an
equal amount of
Gent. Pac. pref. stock.
See mtge. abstract. V. 69, p. 859.
The 2-5-year ooll. trust 4s of 1905, limited to
$30,000,000, are secured by
deposit of $12,691,000 par value of various bonds and $69,434,500 stocks
of companies controlled. Including Pacific
Mall, $10,005,000 stock. V.
80, p. 1857; V. 82, p. 753.
The Cent. Pao. first ref. 4s and 30-year gold 3
Xb are guar. p. and 1.
In Mch. 1909 the stockholders subscribed for
$81,814,000 of 4% 20-year
bonds at 96, convertible to June 11919 into common stock
at 180 at option
of holder and redeemable on any Interest
day after March 1 1914 at 105.
V. 88, p. 507, 1062; V. 89, p. 44, 105.
Ab to
pewbond Issue dated July 11909, see STOCK
..oThoJ2?c??lold&?_^Prl1,.? *910 authorized
_San Francisco Terminal bonds,
above. V.88,p. 1501.
a mtge. to secure $50,000,000
bearing not over 5% interest, ooverlng
May Shoreline and terminals .of which $25,000,000 4s were sold jfane
1910.
V. 90, p. 878, 448, 1555, 1615, 1678.
When
%
Payable
150,000
1.025.000
5.660.000
4.722.000
3.368,000
6.714,000
4.859.000
6
6
6 g
6 g
5
5. 6
5
Last Dividend
and Maturity
See text 5 In
A
A
O Apr
A
A
O Apr
A
M
N Nov
J
A
J Jan
J
A
J Jan
J
A
JJan
A
A
O Oct
J
A
D June
A
J
JJan
500 Ac 117,002,000
4 g
100 120.000.000
100 60.000,000 See text
100
5.670,200
4
1,000 Ac 57,643.800
5 g
1,000 Ac 61.333,000
4 g
1,000 Ac 10.000,000
5 g
1,000 Ac
5.913.500
4 g
1,000
1,323,000
4X g
1,000
2,025,000
4X g
1,000
1.400,000
4 g
1,000
6,300,000
4X g
1,000
1,260,000
4
1,000
4,940.000
4X g
pany owns only 12 m. In fee, but, principally through ownership of stock;
partly by lease. It operates a great system of roads extending from San Fran¬
cisco to New Orleans (thence by company’s steamers to New York, Ac.)
and to Portland, Ore., to Ogden, Utah, with branches.
System comprises the following, mostly described under their own titles;
(1) Controlled; also leased.
Central Pacific RR
South Pacific Coast Ry
Southern Pacific RR
Rate
$100 $160000000 See text
5,111,000
6 g
3.533,000
6 g
4.127.500
5 g
1,000
4,180,000
6 g
1,000
2.232.000
4X g
1,000
1.595,000
4X g
1,000
4,751.000
6 g
1,000
1.074,000
5 8
SOUTHERN NEW ENGLAND RR.—To build from Palmer, Mass., at a
connection with the Central Vermont, where an extensive dock system Is to
be constructed, affording the Grand Trunk a through line via the Central
Vermont from Montreal to Providence.
V. 90, p. 448, 1045; V. 91, p. 155.
Stock authorized to be $3,000,000 and bonds $6,000,000.—(V. 91, p. 155.)
SOUTHERN PACIFIC COMPANY,—OSes Maps.)—ROAD.—This
Amount
Outstanding
500 Ac
1,000
500 Ac
1,000
1,000
1,000
1,000
1,000
100 Ao
[VOL.
A
A
J
A
F
J
J
M
M
F
J
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J
J
J
A
M
M
A
A
A
A
A
A
O
O
J
O
1
1
1
1
1
1
1
1937
1911
1912
1911
1938
Jan
Jan
Jan
Payable
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
' *
Dec 1 1914
May 1 1915
do
do
Nov 1 1915
do
do
Feb 1 1921 Fidelity Trust Co, Phil*
June 1 1919
Apr 1 1920
Apr 101913
1 1916
1 1922
1 1915
Apr 1 1927
S Var 1911-1931
N May 1 1936
A
are
do
do
do
do
1929
1955
Apr 1 1956
O
J
J
J
O
Dividends
So Pac, 120 B’way, N T
So Pao, 120 B'way, N Y?
do
do
1 1912
1 1937
AjFeb 1 1913
jljulv 1 1952
To
To
To
To
To
To
Places Where Interest andt
1908-09
Oct 17 1907 1 X
Oct 1910
2%
July 1 1994
J
N
N
A
D
O
LXXXXI.
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
Safe Dep A Tr Co, Balk
J P Morgan A Co, N T
FINANCES.—On June 30 1909 the company held unpledged $24,987,400
bonds and $175,832,903 stocks of various
companies, and its assets exceeded
its liabilities by $163,487,287.
V. 89, p. 1422.
See V. 84. p. 1114.
See
BONDS and STOCK above.
Has sold (since June 30 1909) the $4,172,100
Mexican International stock owned; also $25,000,000 San Francisco Termi¬
nal bonds; see above.
In February 1910 the $1,530,000 Wells,
A Co.
stock was reported as sold at a price netting about $8,000,000.Fargo
V. 89, p.
1598; V. 90, p. 373.
In June 1910 made a close 10-year traffic agreement
with St. Louis A San Francisco.
V. 90, p. 1615.
EARNINGS.—Preliminary statement 1909-10 In V. 91, p. 393, showed:
Fiscal
Operating
Net (after
Other
All
Balance
Year.
Revenues.
Exp. A Tax.)
Income.
Charges.
/or Stock.
1909-10..$135,022,607 $47,238,385 $10,768,010 $22,545,208 $35,461,187"
1908—09_. 120,521,909
40,937,534
5,272,349
19,394,942
26,814,941
Dividends on common stock (6%) call for about $16,350,000 In 1909-10
against $12,344,604 In 1908-09; In 1908-09 $4,992,106 (7%) was also paid
on preferred stock, leaving a balance, surplus, of
$19,111,187 In 1909-10.
against $9,478,231 In 1908-09.
Other Income In 1909-10 ($10,768,010) In¬
cludes 300% extra dividend on Wells, Fargo A Co. stock ($4,590,000).
For 2 mos. ending Aug. 31 1910, gross. $22,963,930, against $22,125,315^
In 1909; net, $8,209,719, against $8,479,856.
REPORT.—For 1908-09, V. 89, p. 1409, 1418: also editorial, p. 1387.
Years ending June 30—
1908-09.
1907-08.
Average miles—Proprietary and non-prop’tary.
9,505.61
9,626.43
Transportation operations
$120,521,909 $123,276,921
Operating expenses and taxes
79,584,375
88,613,192Net revenues
'
$40,937,534
Income from a. f. pledged for redempt. of bonds
205,800
Inoome from lands and securities not pledged
821,858
Interest on stocks and bonds owned
2,753,849
Miscellaneous receipts
60,178
Interest on loans and advanoes other than open
acoounts of proprietary companies
1,430,664
Total net inoome
on funded debt
Interest
i
Sinking fund contributions and earnings
Hire of equipment and rentals (net)
Land department expenses and taxes
Miscellaneous expenses
Taxes and other expenses Southern Pao. Co
Betterments and additions
Reserve for deprec’n of rolling stock leased to
other companies
Total Charges
Surplus
over
all disbursements
$34,663.729“
181.532
729,366
2,923,697
35.101
124,145
$46,209,883
$17,196,370
572,800
cr. 125.574
349,468
54,935
414,669
503.848
$38,657,477
$16,103,961
363,964
585,456
$19,330,481
$18,779,736
$26,879,402
548.532
617,122
344.625
26,992
270,095
282,952
$19,877,741
Dividends on preferred stock (7%)
$4,992,106
$5,240,652
Dividends on common stock (6%)
$12,334,604 $11,870,955
Pres. A Chair. Exec. Comm., R. S. Lovett.—(V. 91, p. 893, 590.)
a
SOUTHERN PACIFIC RR.—(See Maps.)—About 3,535 m., embracing
through line from east bank of Rio Grande River through N. Mex. and
via Los Angeles, San Fran, and Oakland, to Tehama, In No. Calif,
Arlz.,
with numerous branches.
Of the lines owned and leased in 1909 (193
m. are
leased), 3,293 were operated in the So. Pac. system, 242 m. (Mojave to The
Needles) being held under long lease by Atch. In exchange for leases of 356
m. of road InN. Mex. and Arlz. V. 65, p. 931,1113; V. 64. p. 609 ; V. 74,
p. 578; V. 81, p. 900.
STOCK.—So. Pac. Co. June 30 1909 held all the $160,000,000 stock.
Dividends 4% paid In 1906-07, 13% In 1907-08 and 5% In 1908-09.
BONDS.—Consolidated Mortgage of 1894 abstract was In V. 57, p. 1041.
The first consol, refund. 4s of 1905 ($160,000,000 auth. Issue) will eventu¬
ally be a first lien. Form of guaranty, V. 82, p. 49. If less than entire
Issue Is redeemed, bonds shall be drawn by lot. The mtge. covers 3,286 m.
of
track, and upon redemption (compulsory) of underlying bonds ag¬
gregating $13,291,000 It will by Apr. 1912 be a first lien on 2,495 m. thereof,
save lien of oonsol. 5s at $2,200 per m. on 1,911 m. in California
87, p.
1012; V. 88, p. 159; V. 89, p. 164. In Sept. 1910 $42,935,000 unissued, viz.:
Issuable to refund a like amount of prior Hen bonds
$26,624,50 6
Issuable to aid in refunding any balance for other purposes—
5,000,006
Issuable for construction, betterments. Ao
11,310,506
ANNUAL REPORT.—For year ending June 30 1910 earnings were:
Gross, $51,118,906; net, $22,247,130; other Inc., $2,254,643; charges, $9,568,941; balance for dividends, $14,932,832. In 1908-09, gross, $43,829,940; net, $18,342,436; other Income, $1,789,509; charges, $9,347,338; divi¬
dends (5%), $8,000,000; bal., sur., $2,784,607, of which share of So. Pac.,.
$964,202, leaving $1,820,405.
In 1907-08, gross, $43,832,356.—(V. 88*
p. 159; V. 89, p. 164; V. 90, p. 168, 850; V. 91, p. 1027.)
SOUTHERN RAILWAY COMPANY.—(SeeMap, pages 120 and 12U—
Company operates 7,050 m., extending from Washington, D. C., and West.
Point and Richmond, Va., to Danville, va., Greensboro, N. C., Norfolk,Va.*
Charlotte. N. C., Columbia, S. C., and Atlanta, Ga., thence northerly to
Bristol. Tenn., southeasterly to the ooast at Brunswick, Ga., and westerly
across the States of Alabama and to Columbia. Miss.
Water lines—Chesa¬
peake SS. Co.. 200 miles.
Owned in fee—
'
Miles. Coster to Cumberland Gap, Ky.
64
Alexandria (near Washington)
Ooltewah, Tenn., to Bruns¬
to Greensboro, N. O
wick, Ga
279
416
Charlotte, N. O., to Augusta.Ga. 190 Austell, Ga., to State L., Miss. 266
Columbia, S.O.. to Greenv.S.O. 144 Atlanta Jet, Ga., to York, Ala. 271
West Point, Va., to Neapolls.. 179 Atlanta, Ga., to Ft. Valley, Ga. 102
E. St. L., Ill., to N. Alb., Ind. 265
Salisbury, N.O., to Morristown.
Tenn
231 Branches, Ac
..1,346
Memphis to Stevenson, Ala—. 272
Total owned...............4,285
Bristol to Chattanooga. Tenn.. 242
...
Miles
Road
RAILROAD COMPANIES
lFor abbreviations, Ac., see notes on first page]
Wash Ohio & West 1st M-Ce
vNi
Western
North Carolina first cons mtge gold.-Ce.c*
East Tenn Virginia & Georgia Dlv mtge gold.Ce.c*
E T Va A Ga cons M gold ($20,000,000) .Ce.c&r
Alabama Central 1st M Selma to Meridian gold_.Ce
Knoxville & Ohio 1st M gold (V 79, p 140$) -Ce.c* &r
B—Southern Railway Divisional securities
Southern Ry—(Concl)
_
East Tennessee lien
gold
Ce.c* &r
Memphis Dlv 1st M ($8,000,000) gold
G.c*
Charlottesville A Rap 1st M s f red par Jan 1 yearly
Aiken Branch first mortgage gold (V 68, p 826).-.A
IC.c* &r
:St Louis Division first mortgage gold
Coll M g $9,500,000 s f sec M * O gen 4S-..G.C* Ar
Mobile A Ohio bonds—See Mobile & Ohio RR Co
C—On Properties Practically Owned by (*) or Leas
Atlantic A Yadkin first mortgage gold guaeL.Ce.c*
^Richmond A Mecklenburg 1st M $315,000 gold.-c
a Atlanta A Charlotte—Stock
*
50
309
552
1,020
95
66
1,020
292
28
24
365
...
ed to
166
31
98
Georgia Midland first mortgage Interest guar.-.Ce
•aNorth Carolina stock 7% guaranteed..
.aMobile A Birmingham RR prior lien gold
First mortgage $1,200,000..
Preferred stock
Northern Alabama Ry—See that oompany
a Atlantic A Danville first mortgage
Second mortgage
gold
....
Ce.c
Me.c
149
149
Me
278
Ta
278
—
^Transylvania first mtge $500,000 gold
S.c* <fcr
Virginia As Southwestern Ry—See that company
Southern Railway, Carolina Division-—
aSouth Caro A
Georgia 1st M gold $5,250.000.Ce.c
42
245
•Spar Union As Col $1,000,000 guar Ash At Sp gold.
16
Sumter At Wateree River RR first mortgage
Ce
General mortgage $18,000,000 gold
N
Southwest Penn RR—See Pennsylvania RR
333
Southwestern (Georgia)—-Stock (gee text)..
Spartanburg Union a Columbus—See Southern Ry, Caroll
-ir —
-tr
—
....
Spokane International—First M $4,200,000 goldKxc*
Spok Port! A Seatt—1st M $100,000,000 g_Ce.xc*Ar
Also additional amounts pledged June 30
Southern Ry. (Co eluded).—
•
Leased—("see this co.)—
Atlanta At Charlotte Air Line,
Chari., N. C„ to Armour, Ga.
•Georgia Midland Ry
Franklin A Pittsylvania
•Mobile A Birmingham RR.—
Mobile, Ala., to Marlon Jet..
•Southern Ry., Car. Dlv.—
Charleston, S. C.. to Augusta,
Ga., with branches to Co-
—
Date
Bonds
Par
Amount
Rate
When
Value
Outstanding
%
Payable
F
J
J
M
J
J
A
A
A
A
A
A
A
J
J
N
J
J
M
J
J
J
J
M
A
A
A
A
A
A
S
J
J
J
J
s
So uttiem R V
4 g
1,000
1,500.000
42
1,000
315,000
1910
7
in
100
1,700,000
1896
3 g
1,000
1.650,000
7
4.000.000
100
1895 200 1,000
5 g
600,000
4
1895 200 1,000
1,200.000
4
100
900,000
A
M
M
A
F
J
J
J
A
A
A
A
A
A
A
A
o
N
S
o
A
J
J
J
1900
1904
1906
1,000
1,000
1.000 Ac
3,925,000
1,525.000
434,000
4 g
4 g
5 g
J
J
J
A
A
A
1894
1895
1899
1902
1,000
1,000
5,250.000
1,000.000
100.000
M
5,000,000
5
4
5
4
J
A
J
A
A
A
A
5,191,100
5
J
A
1884
1884
1880
1886
1879
1885
1894
1898
1879
1898
1901
1901
$1,000 d$1.025,000
1,000
1,000
1,000
1,000
1,000
c2.414.000
3,106,000
12.770.000
1,000,000
2,000,000
1,000
1,000
4,500,000
6,883,000
122,000
150,000
12.500.000
8,127,000
100 Ac
500
1.000
1,000 Ac
5
5
6
4
4
g
g
g
g
4g
----
1,000
1,000
Feb 1 1924
July 1 1914
July 1 1930
Nov 1 1956
July 1 1918
July 1 1925
Sept 1 1938
July 11996
July 1 1913
July 1 1998
Jan
1 1951
Sept 11938
100
Dlv islon
1905
1,000
1908
1,000 Ac
g
g
g
g
Apr 11949
J P
Morgan A Co, N Y
do
do
do
do
do
do
do
do
do
dc
do
do
do
do
Phila Tr.SD A Incur Oo
J P Morgan A Co. N Y
do
do
do
do
do
do
do
do
Sept 6*10 3H% U S Mtge A Trust, N Y
J P Morgan A Co, N Y
Apr 1 1946
Aug 1910 3H% Burlington, N 0
J P Morgan A Co, N Y
July 1 1945
do
do
July 1 1945
do
do
July 1 1910 2%
Nov 1 1948
J July 1 1948
J July 1 1948
J Jan 1 1956
N
J
O
J
Places Where Interest and
Dividends are Payable
May 1 1919
Jan
1 1995
Apr 1 1919
July 1 1952
Mercantile Trust Co, N Y
Trust Co of Amer, NY
Standard Trust Co, N Y
Central Trust Co, N Y
do
do
J P Morgan A Co, N Y
do
do
J July 5 *102 H% Macon and
Savannah,Ga.
na
1910 under first
co
Controlled by securities—(Con.) Miles.
Elberton Southern Ry
51
54
263 North Carolina Midland
Roswell
RR..
13
98
163
30 Other roads
Trackage rights—
150 Hardeev’e, S. C., to Sav., Ga..
...
Savannah, Ga., Jesup and Jacksonville, Fla., 152 miles.
In Aug. 1906 acquired the entire stock of the Virginia At Southwestern,
extending^trom Bristol, Va., northerly to Big Stone Gap and southerly co
Mountain City, Tenn., 134 miles, extensions being completed Jan. 1910
from Moccasin Gap to Persia, Tenn., 38 miles, and to coal fields, a totai of
73 miles.
V. 86, p. 1161; V. 87, p. 98.
Affiliated but Operated Separately—(See each company).
3571 Northern Alabama
4,200,000
See text
fisolidate d mortgage;
Tallulah Falls
58
Controlled by securities—
83
Atlantic At Yadkin
161 Danville At Western
Hartwell
State University RR
10
Ry
10
Also has one-sixth Interest In Richmond-Washington Co., owning union
tine between Richmond and Washington, 115 miles.
V. 75, p. 449.
Has perpetual trackage rights over Atlan. Coast Line RR. between
...117
3361Georgia Southern At Florida
397
ORGANIZATION, ETC.—A reorganization In 1894 of the old Richmond
At West Point Ter. system.
V. 58. p. 363, 385, 858, 874, 1016, 1058.
In 1903-04 jointly with Lou. At Nash, acquired $13,670,300 of the
$15,500,000 Chic. Ind. AtLop. stock in exchange for their joint 50-year 4%
V. 74. p. 1029, 1090.
STOCK.—Authorized $120,000,000 com. and $60,000,000 5% non-cumpref. stock. No additional mtge. can be put upon the property, nor can the
amount of the pref. stock be Increased without the consent of holders of a
majority of the pref.
As to whether the pref. Is callable, see V. 72. p. 1136.
VOTING TRUST.—A majority of both classes of stock Is deposited with
three stock trustees under an extension consented to In 1902, until Oct. 15
1907, and thereafter until terminated by a vote of a majority of the stock
assenting thereto, although the stock trustees may, In their discretion,
deliver the stock at an earlier date.
Stock trustees: J. P. Morgan, Charles
Lanier and George F. Baker.
Provisions of voting trust and pref. stock
certs. In ‘'Supplement** of April 1897, p. 6.
V 75, p 442, 612, 1033.
DIVS.(% ) 1 1897. 1898. 1899. 1900. 1901. 1902 to Apr 1907. Oct 1907.
On pref..
J 1
1
2
3
45 yearly A As O
l Vi
On Oct. 17 1907 1 H% was paid from accumulated surplus, making 4%
for the year.
V. 85, p. 470. None since to Oct. 1910. V. 86, p. 669.
BONDS.—First consol, mtge. (abstract V. 59, p. 783: see also V. 81, p.
1850: V. 84, p. 392: V. 89. p. 1598) Is limited to $120,000,000. viz.;
Issued to June 30 1910 (of which $1,277,800 In treasury)
$58,920,800
Issuable only tof"prlor bonds" (see V. 59, p. 785)
55,379,200
retire oertain (stocks (see V. 59, p. 786)
5,700,000
Application of $200,000,000 Development and General Mortgage Bonds.
Issuable forthwith
.$15,000,000
<1) To retire divisional prior liens not provided for by the con¬
solidated mortgage
31,158,000
(2) To retire $16,000,000 collateral trust 5s, paid off April 1 1909 16,000,000
(3) To retire equipment obligations maturing 1906-21
18,008.000
(4) To acquire capital stocks of certain leased lines
10,000,000
<5) For Eastern Division of Tennessee Central (option expired) 10,000,000
(6) To provide for future acquisitions and betterments under
stringent provisions (a) at not exceeding $5,000,000 yearly
for improvements and equipment, and (b) in exchange for
first mortgage bonds not exceeding in amount the actual cost
thereof of railroads and terminals hereafter acquired
99.834.000
The "development and general mortgage bonds," on retirement of $16,000,-000 collateral trust 5s due April 1 1909, became a first lien on 764 miles of
road owned in fee, the leasehold, trackage or other rights on 1,085 miles,
<and the majority of stock of roads aggregating 475 miles, a total of 2,324
miles; also on stocks giving perpetual rights to use freight and passenger
terminal properties at 16 of the principal Southern cities,Including a bridge
over the Ohio River at Louisville, and, all future acquisitions, constructed
or acquired.
They are also a second lien subject to existing divisional
mortgages, for which bonds are reserved, on 1,272 miles, and a general lien
ubject to the first consols on the property oovered thereby. See V. 82
p. 397; V. 86. p. 1468; V. 88. p. 5651 626. 1622.
Divisional first mortgage bonds, issued in 1898 on account of purchase of
Mem. A Chari. Ry., bear 5% Interest sinoe July 1 1906.
The total author¬
ized Issue Is $8,000,000 but $1,500,000 was reserved to build a line (under
construction in 1910) replacing trackage between Stevenson and Chattan¬
ooga, 42 m.; the remaining $1,417,000 Is held for betterments at not exceed¬
ing $100,000 yriy. V. 67, p. 179; V. 81, p. 1180; V. 83, p. 436; V.84,p. 392.
Second mtge. on former Mem. A Chari, secures $2,500,000 of 5s, of which
41,500,000 owned by Southern Ry. June 801909 and $1,000,000 reserved for
improvements. SI. Louis Division mtge. oovers the former Lou. Evansv. A
•St. L. RR., the balance unissued being reserved for extensions, improve¬
ments or additional equipment.
V. 72, p. 1381 V. $4, p. 392.
5 g
6 g
6 g
1899
1899
—
Alabama Great Southern
Cincln. N. O. At Texas Pacific
4
6 g
5 g
Last Dividend
and Maturity
(a)
17
Washington, D. C., to Alex., Va. 10
Stevenson to Chattanooga, Ato.
38
27
York, Ala., to Meridian, Miss..
252 Kentucky At Indiana Bridge—
lumbla, S. C., Ac
10
Camden, S.C., to Marion,N.C. 171 Selma. N.C.. to Pinners Pt.,Va. 154
134
Ashev., N. C., to Alston, S.C. *w-» Savannah. Ga., to Jacksonville 152
73
Other branches
201 Other
♦Richmond At Mecklenb. RR..
31
Total mileage op. July 1910..7.050
•North Carolina RR.—
Controlled—operated separately—
Goldsb., N. G., to Greensb.. 130
926
Greensboro to Charlotte. Ac.
94 Mobile At Ohio (see this co.)
Atlantic At Danville Ry.—
Augusta Southern (see this co.)
83
South. Ry. Co. In Mississippi.. 281
Norfolk to Danville, Va., and
2G0 Blue Ridge
branches.
44
Lockhart RR. (14 m., Atc.t
28 Virginia At Southwestern
174
bonds.
1*25
RAILWAY STOCKS AND BONDS.
Oct., 1910. J
5 g
J
See text M
A
A
d $225. 000 ;
J July 1 1955
N May 1 1958
c
Amer Exck Nat Bk, N Y
$ 1.442,000
The collateral trust 4s of 1901 have been issued, $ for $, in exchange for the
Mobile A Ohio gen. 4s as acquired, by a pledge of which they are secured.
Stock trust certificates for M. As O. stock are now entitled to dividends at
rate of 4% per annum in perpetuity.
V. 72, p. 242, 822. In 1910 $8,126,000 of the $9,472,000 bonds and $5,670,200 of the $6,070,600 stook had
been deposited.
V. 72. p. 439; V. 73. p. 664. See M. A O. statement.
Jointly with St. Louis As San Francisoo RR. guarantees bonds of New
V. 77, p. 38, 699: V. 79, p. 1466.
Equipment trusts mature as follows: Series E, $147,000 each J. As D.
Series H. $225,000 each M. As N.; Series K, $140,000 each M. As N.; Series
L, $300,000 each F. As A.; Series M, $70,000 ea<ch J. A D.; Series N,
$260,000 each A. As O.
V. 81, p. 1850; V. 82, p. 1323: V. 88. D. 1374;
V. 90, p. 978.
Miscellaneous equipment contracts June 30 1910, $35,792.
Guaranty of Ala. Gt. So. ctfs., V. 81, p. 1725; V. 82, p. 162.
GENERAL FINANCES.—In Feb. 1909 $21,233,000 "development and
general mortgage” 4s were sold to retire the $16,000,000 coll, trust bonds
maturing April 1 1909, and in April 1909 $5,000,000 additional devel. and
gen. mtge. bonds were sold and $3,891,000 6% notes of 1908 drawn for pay¬
ment on May 1 1909: also about $15,000,000 bonds sold, the remainder of
the notes paid Nov. 11909. V. 88, p.565, 625, 1003, 1129; V. 90. p. 698.
In May 1910 a block of development 4s was sold In Germany. V. 90, p. 1240.
In Jan. 1910 $10,000,000 5% 3-year gold notes similar to those maturing
were sold to retire the remainder of the $15,000,000 bonds due Feb. 1 1910,
of which $5,000,000 had been canceled.
V. 90, p. 237.
Orleans Terminal Co.
LATEST
EARNS.—J1909-10
Gross, $9,814,109; op. Inc., $3,049,730
Gross, 9,001,233; op. Inc., 2,930,796
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting Is
held second Tuesday In Oct.
The report for 1909-10 was given at length
in V. 91, p. 1020, 1034.
See also editorial, p. 996.
Traffic.—The freight tonnage is widely diversified, which is an element
of strength.
Agricultural products In 1909-10 furnished only about 11%
(cotton about 4%), while about 39% was from mining Industries (29%
being coal) and about 30% was product of manufactories. Ton rate,
0.957 cents per mile; revenue train-load. 237 tons.
Years ending June 30—
1909-10.
1908-09.
1907-08.
Average miles operated
7,050
7,170
7,489
^$38,161,392 $34,376,619 $34,171,329
Freight
Passengers
14,315,961
14,639,161
13,510,791
Mail, express, Ajc
4,454.426
4,4 93,955
4,300.697
Gross earnings
$57,294,508 $62,188,107 $52,941,716
Net earnings, after taxes
$16,698,020 $14,839,388 $11,080,290
Total net Income
.$19,877,156 $17,737,699 $13,846,967
Interest and rentals
$13,277,039 $13,208,329 $12,380,387
Other deductions
895,471
1,018,270
1,187,436
Balance, surplus for year..
$5,704,646 $3,511,100
$279,143
OFFICERS.—Pres., W. W. Finley, Washington, D. C.; V.-P. A Sec.,
R. D. Lankford, 30 Church St., N. Y.; Treas., H. C. Ansley, Wash., D. C.
Directors.—A. B. Andrews, Raleigh, N. C.; W. W. Finley and Fairfax
Harrison, Washington. D. C.; S. M. Inman, Atlanta, Ga.; Adrian Iselln
Jr., Charles Steele, Geo. F. Baker Jr., Harris C. Fahnestock, Robert M
Gallaway, Charles Lanier, Edmund D. Randolph and E. H. Gary of New
York.—(V. 90, p. 1045, 1240, 1364; V. 91, p. 718, 946, 1020,1034, 1096.)
SOUTHERN RAILWAY, CAROLINA DIVISION.—Cayce. S. C.. to
Hardeevllle, 129 miles; Charleston, S. C., to Augusta^ Ga., 137 m.; Klngvllle, S. C.. to Marion, N. C., 208 m.; branches, Ac., 286 m.; total, 758 m.
Leased to the Southern Ry.
Stock authorized, $7,798,700, of which
$4,176,200 owned by the Southern Ry.
Of the generals of 1902 ($18,000,000 authorized), $6,260,000 are reserved to retire at or before ma¬
turity the underlying divisional bonds, $5,000,000 have been used to
reimburse the Southern Ry. for the previous purchase of the several proper¬
ties, and the remainder is available for Improvements, equipment and ex¬
tensions, $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, p. 136. Pres., A. B. Andrews.—(V. 75, p. 31,136.)
SOUTHWESTERN RR. (Georgia).—Owns Macon. Ga., to Eufaula; Fort
Valley to Columbus, Ga., Ac., with branches; total, 333 m. LeasedforlOl
years from Nov. 1 1895 to Central of Georgia Ry; rental, 5% on stock.
As
to suit, see V. 71 p. 809; V. 73. p. 1062.
Office. Macon. Ga.
^
SPOKANE INTERNATIONAL RY.—Owns from Spokane, Wash., to
Eastport, Wash., on the Can. Pac. Ry., about 140 miles, opened late In
Oct. 1906.
Canadian Pacific, with which road it has a traffic agreement,
has an option expiring Jan. 1 1917 to purchase 52% of stock, with right
to remaining stockholders to sell at same price.
V. 89, p. 594. Stock,
$4,200,000: par of shares, $100. Bonds. $4,200,000 (see table above) have
been sold.
V. 81, p. 156, 1551. For oal. year 1909, gross, $790,157;
net, $300,295, int. charges $210,000; bal., sur., $90,295.
Pres.. Daniel 0.
Corbin; Sec. A Treas.. Alfred C. Chapin, 192 Bway, N. Y.—(V. 89, p. 594.)
SPOKANE PORTLAND & SEATTLE RY.—Spokane, Wash., via Kenne¬
wick, to Vancouver, Wash., and Portland, Ore., 378 miles, with branch
from Goldendale to Lyle, 42 miles; total, 420 miles, completed May 1909.
From Vancouver to a point near Portland the line is owned as to an undi¬
vided two-thirds by the oompany, and as to an undivided one-third by the
Northern Pac. Ry. Jointly controlled by Northern Pac. and Gt. Nor. Stock
authorized, $25,000,000, being Increased from 310,000,000 in April 1908.
Bonds ($100,000,000 authorized issue) are to bear Interest at a rate to
be determined from time to time. Of the bonds, $40,000,000 were Issuable
to complete the 420 miles, the remaining $60,000,000 being reserved for
additional mileage, second track, equipment, Ac.. V, 86, p. 1530.
Year
ending June 30 1910, gross, $3,566,291; net after taxes, $880,684; other
Income, $381,523; rents, hire of equipment, Ac., $329,794; bal., sur., $932,*
413. Pres., John F. Stevens.—(V. 87, p. 1301; V. 88, p.1198; V.91* p. 519.1
SPOKANE TERMINAL CO.—See "Electric Railway" section.
SPRINQFIELD (0.4 UNION DEPOT CO —V. 77. p, 770; V. 79, p. 2689.
SPUYTEN DU YVIL A PORT MORRIS RR.—Owns 6 miles double traek
and oonnects the N. Y. 0. A Hudson River with the R, Y. A Harlem
2mos.,Julyl to Aug.3111908-09
________
126
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
MUes
Road
_
Date
Bonds
Par
Amount
Value
Rate
Outstanding
When
%
Payable
1909
*100
1,000 ftc
6
lit
mo:
mortgage
*20,000*000 gold,
see text.Ce.xc**r*
iteto Line & Sullivan—First m $200,000 gold..Un.c*
24 1898
taten Island Ry and Staten Island Rapid Transit—-See B altlmo
tephen North ft South Texas RR—1st M g guar
1910
R—First
mo:
(V 85,p 5«f
*400.000
>
ft WOkesf
nbur:y i
alley—Stock (6% rental Con ft Mon)
—
...
Binghamton ft New York—Stock,
t—1st M *1.500.000 g red 110 since ’<
81
91
58
ise
Falls—First mortgage
lley—First M
-.tormw—1st M
Tenn Cent—Prior Hen M *4,200.000 g red llO.MSt.c*
General mortgage *20.000,000 gold (see text)—o*
Tennessee Ry—-First mtge *4.500.000 gold—S.c*ftr
Terminal Railroad Association—first mtge gold.S.e*
First consolidated mortgage *12.000,000 gold—S.c*
Gen mtge ref *50,000.000 g s f r«
_
St Louis Bridge Co first preferred stock guaranteed.
Second pireferred
erred stock guaranteed (endorsed)
,
—
First morti
Tunnel RR o:
re
1,000
ft Ohl
*989.000
2.500,000
6
3 Vi
207,000
O
See text
1,000
350,000
1,000
357.000
town— See Pe nnsylvan la RR
100
240,000
47
1902
1,000
700.000
io
45
35
320
320
50
mwmm
...
...
...
stock guaranteed (endorsed)
Terminal Ry (Buffalo)—1st M *1,000,000 gold—N.c*
11
Terre Haute ft Indianapolis; Terre Haute & Logansp ort—S
Terre Haute ft Peoria—First mortgage gold——..Un
138
First mtge *2,500,000 gold guar p ft 1 (end)Un.c*
138
Texas Central—Common stock *2,675,000 authorized
...
1872
1894
ioos
1909
1909
1908
1906
1910
1904
1904
1907
1889
1894
1903
....
....
1879
....
1,000
1,000
500 ftc
1,000
1,000
1,000
1,000
1.000
1,000 &C
100
100
500 ftc
........
1896
1,000
ee Van dalla RR
1887
1,000
1892
1.000
The N. Y. C. ft Hudson River eaiiy In 1909 acquired remainder of *989,000
stock.
V. 88, p. 275.
Leased In perpetuity In 1909 to N. Y. C. ft H. R.
RR., rental covering Interest on bonds and 8% on *989,000 stock, payable
Q.-M. The first mortgage bonds (*20,000,000 authorized Issue) are to bear
not over 4% interest and to be assumed as Issued; *2,500,000 were Issued
as 3 Vis to be mostly used to refund Indebtedness to the New York Central.
V. 89. p. 164, 287.—(V. 89. p. 105, 164, 287.)
STATE LINE ft SULLIVAN RR.—Owns Monroeton, Pa., to Berenice,
Pa., 24 miles. Stock, *980,250 (par, *50).
Dividend, 1%, paid Deo. 7
1904.
Mortgage covers 5,000 acres coal lands. The bonds are subject to
caU at 105 after 1914 at par.
V. 67, p. 1209. Road leased tlU 1934 to
Pennsylvania ft New York Canal ft RR. (rental. *40,000 per annum), and
so operated by Lehigh VaUey.—(V. 74, p. 479; V. 76.
p. 332.)
STATEN ISLAND RY.—Clifton to Tottenvllle, 12.64 miles.—STOCK.—
*1,050,000, of which *1,038,750 owned by B. ft 0.;par, *75.—(V.89,p.594.)
STEPHENVILLE NORTH ft SOUTH TEXAS RR.—See page 165. *
STONE CANYON PACIFIC RR.—Owned from a Junction with the South¬
ern Pacific near Paso Robles, Cal., to Stone Canyon,24miles.
Coalmining
being prevented by litigation, Walker A. Dodge was In Nov. 1909 appointed
receiver of the railroad and Hood McKay of the coal properties.
V. 69,
p. 1412.
Sold In foreclosure July 14 1910 to James Sheldon Riley, repre¬
senting reorganization committee. V. 91, p. 590. Bonds were guar.,
ft 1., and sink, fund, by Stone Canon Consolidated Coal Co., through a
mtge. on all Its property, subject to underlying mtges. amounting. It Is
understood, to *530,000. V. 88, p. 376 —(V. 89, p. 1412; V. 91, p. 590.)
STONY CREEK RR.—Norristown to Lansdale, Pa., 10 miles. Stock.
*200,000 auth. (par, *50) of which *176,100 outstanding, the Reading Co
owning *110.900 and guaranteeing the bonds, prln. ft Int. V. 85, p. 522.
SULLIVAN COUNTY RR.—Road from BeUows Falls to Windsor, Vt.,
28 miles.
Operated since April 1893 by Boston ft Maine.
Net earnings,
less taxes and Interest on bonds, paid lessor.
Stock, *500,000, owned By
Vermont Valley RR.
For year 1908-09, gross, *402,735; net over taxes,
p.
,
S149,103;
lvldends (8%),
charges,*40,000;
*23,235;surplus,
new equipment
and65,Improvements,
*85,047;
*820.—(V.
p. 867.)
SUNCOOK VALLEY RR.—Owns road Suncook to Pittsfield, N. H.. 17
miles. Leased till 1912 to Concord ft Montreal for 6% on *240,000 of
capital
stock; total stock Issued is *341,700, of which *101,700 Is non-dividend pay¬
ing. Pres., Hiram A. Tuttle, Pittsfield. N. H.
SUSQUEHANNA BLOOMSBURG ft BERWICK RR.—Watsontown to
Berwick, Pa., 47 mUes.
V. 75, p. 343.
Stock *1,000,000, all outstanding:
par of shares, *50.
First dividend, 1%, paid July 1 1910.
Bonds, see ta¬
me.
V. 75, p. 1303; V. 82, p. 753.
Year ending June 30 1909, gross, *108,205; net. *43,617; charges, *47,744. Pres., J. Henry Cochran, Williams¬
port, Pa.—(V. 90, p. 1678.)
SUSSEX RR.—Stanhope to Franklin, N. J., and branch, 30 miles. Oper¬
ated by Del. Lack, ft Western, which owns a
majority of the *1,638.600
stock.
Dividends from earnings of 1899,2%; 1900, 4%; 1901 to
1903, both
tod.. 2% yearly; 1904, 5%; 1905, none; 1906, 5%; 1907 and 1908, none;
1909, 2%. Cal. year 1909, gross, *186,536; net, *56,996; taxes, *16.000*
other Inoome, *2,919; mlsc. disbursements,
*46,103; dlvs. (2%). *32.772:
bal., def., *34,959.
SYRACUSE BINQ. ft N. Y. RR.—See Del. Lack, ft West. RR.
SYRACUSE OENEVA ft CORNING RY.—See Geneva Corning ft South.
TACOMA EASTERN RR.—Owns Tacoma, Wash., to Morton, 67 miles,
to bituminous coal fields; branches, 28 miles;
total, 95 miles. In 1909
the Chicago Milwaukee ft St. Paul acquired the stock.
Stock, common.
*750,000; pref., 6% non-cum., *750,000; all issued; par of shares. *100.
V. 76, p. 655.
Year ending June 30 1910, oper. rev., *545,860; net after
taxes, *186,651; charges, *119,331; bal., sur., *67,320.
Pres., H. R.
Williams, Seattle, Wash.—(V. 91, p. 655.)
TALLULAH FALLS RY.—Owns Cornelia, Ga., to Franklin, N.
C.. 58
miles, completed July 1907. The Southern Ry. owns *199,500 common
and *123,400 pref. stock and the *1.454,000 bonds, all
deposited under Its
development and general mortgage. V. 88, p. 687, 750, 884. Year ending
June 30 1910, gross, *113,698; net over taxes, *37,035;
lnt. on bonds. *72.700; other deductions, *10,525; bal., def., *46,190.—(V. 88, p. 750,
884.)
TAMPA ft JACKSONVILLE RY.—Sampson City to Fairfield,
Fla., 48 Vi
miles.
Extension from Fairfield to Dunnellon, 30 miles. Is
proposed,
of which 7 miles placed under contract In Sept. 1910.
Stock authorized.
*1,000,000; par, *100; Issued Sept. 1910, *530,000. The new first 5s are
limited to *10,000 per mile.
Additional bonds at *2,000 per mile may be
Issued for improvements after the company has earned twice
Its Interest
charges for two years In succession. V. 89, p. 1543. Loans and bills pay¬
able June 30 1910, none.
Year ending June 30 1910, gross, *77,543;
net, *25,678. Pres.. F. J.
Llsman, New York; Sec., F. M. Slmonton, Tampa, Fla.—(V.
89, p. 1543.)
TAMPA NORTHERN RR.—Owns Tampa. Fla., to
50 miles;
extension proposed from BrooksvlUe to DunneUon, 35 BrooksvlUe,
mUes.
Stock, pref..
*250,000; common, *500,000. Bonds (authorized Issue *5,000.000) are
Umlted to *10.000 per mUe of road, 80% of the cost of new
equipment and
the actual cost of terminals.
V. 87, p. 814; V. 89, p. 1484.
For year
ending June 30 1910, gross, *156,116; net. *63,153. Pres., M. F. Amorous,
Flvay, Fla.; Sec., W. F. Bentinck-Smlth, Boston; Treas., Gordon
Dexter,
Boston, Mass.—(V. 89, p. 1484; V. 90, p. 978.)
TANANA VALLEY RR.—Owns road from Chena to
Chatlnlka. Alaska.
40 miles, and Junction to
Fairbanks, 5 miles: total, 45 miles. Stock,
oommon, *1,000,000; preferred 7% cum., *300,000;
par, *100.
Dlv.
on pref. stock, 3 Vi%, paid
July 24 1909; Dec. 6, 3 Vi%: none since to July
1810.
Bonds, see table above. V. 87, p. 1239. CoUateral trust 3-year
8% notes, due Jan. 1 1911, *56,000. secured by deposit
with New Y<
Fairbanks, Alaska; Treas., Harris A. Dunn;
Office, 115 Adams St., Chicago.—(V. 89, p. 226,1919.) Sec.,
and
Maturity
J July 1 1010 4% Grand Gent Station, N Y
D June 1 1050
do
do
Union Trust Co, N Y
J Jan 1 1020
5 g
4
4
J
A
A
ft
ft
ft
J July 1 1040
O Oct 1 1057
O Apr 1 1024
6
J
A
5g
2,500.000
884.000
1,454,000
480,000
960.000
582,000
Reading Terminal, Phlla
Safe Dep ft Trust
1
450,000
4,014.000
8.206,900
1.000.000
7,000,000
5,000,000
19.974.000
2.490.000
3,000,000
5,000,000
1,250,000
1.000.000
23,000
5 g
2,207,000
2,649.300 See
Places Where Interest and
Dividends are Payable
ft
ft
ft
ft
J July 1010 2%
ft
O Oct 1 1052
Q—F
Aug 1 '10 2K%
5 g
J
ft
J Jan 1 1022
5
M ft
S Mch 1 1050
5
A
ft
O Apr 1 1040
5 g
J
ft
J July 1 1026
6 g
J
ft D Dec 1 1026
6
J
ft D June 1 1040
4 g
J
ft
J Jan 1 1024
5 g
J
ft
J Jan
1054
6 g
M ft
S Mch
1027
4H g A ft O Oct
1020
5 g
F
ft
A Aug
1044
4 g
J
ft
J Jan
1052
6
J
ft
J July 1010
2%
3
J
ft
J July 1010 lVi%
7 g
A
ft
O Apr 11020
6
ft
J
J July 1010
2%
4 g
A
ft 6 Apr 1 1046
....
100
Last Dividend
LXXXXI.
J
J
4H g J
_
text
M
ft
M
ft
Co, Boj
Manchester, N H, Nat Bk
Fidelity Trust Co, Phlla
D L ft W RR Co. N Y
N Wj Harris ft Co. Chic
Standard Trust Co, N Y
Standard Trust Co. N Y
Old Colony Tr Co, Boston
Knickerbocker Tr Co,NY
Dallas, Texas
Miss Valley Tr Co, St L
Mercantile Trust Co, St L
Standard Trust Co, N Y
J P Morgan ft Co. N Y
do
do
do
do
do
do
do
do
New York and London
J P Morgan ft Co. N Y
Grand Cent Station, N Y
S Mch 1 1027
S Sept 1 1042
JR Wlnthrop ft Co, N Y
ft
ft
Farmers L ft Tr Co, N Y
J July 15*102 Vi%
do
do
6 Apr 1 1022
do
do
ft
A Aug 1 1028
New York City*
Yearly
Preferred stock non-cumulatlve *1,225,000 auth—
1.324.500 5 In 1910 J
First M *2.000.000 gold red 110 (*150.000 4s)._F.c*
268 1893
1,000 •1.139.000 4 ft 5 g A
New consol M, to be *20,000,000 auth
1910
See text
Texas Midland RR—First refunding mtge *2.000.000,
111 1908
1.000
2.000.000
4
F
**62,000 additional 5s In treasury June 20 1010; to tal of *1.202 ,000 issu ed.
H. B. Kettle.
[VOL.
1 Union Trust
ly 15 1007 5%
TEHUANTEPEC NATIONAL RY.—V. 82,
Co, N Y
1230, 1591; V. 84. p. 222.
Tex., to GatesvUle, 35 m.,
HamUton, 30 m. (to be com-
p.
TEMPLE-NORTHWESTERN RY.—Temple,
completed Sept. 1910; extension GatesvlUe
to
by Jan.
1911),110and under
contract
In aU 101.9
Sleted
m.
iXtenslon
projected
Incorp.
16 Comanche,
1910 with *100,000
March to
capital
m.
stock.
Bonds auth., *2,343,700 on 101.9 m. at *23,000 p. m.; Guarantee
State Bank ft Trust Co., trustee.
V. 91, p. 95, 590.
Pres, ft Gen. Mgr.,
W. J. McDaniel; V.-P. and Gen.
Atty., H. W. Peck; 2d V.-P.. J. B. Grigs¬
by; Treas., P. L. Downs; Sec., Sam. C. Taylor. Office, Temple, Tex.—
(V. 91, p. 95. 590.)
TENNESSEE CENTRAL RR.—Harriman, Tenn., westerly to Hopkins
vllle, 251 mUes.
Branches. 59 mUes; lines at Nashville terminals. 10 miles;
total, 320 miles. In Sept. 1909 extension from HopklnsvUle to Paducah,
70 miles, was reported as proposed.
Leases till May 1 2001, and owns
entire *1,000,000 stock of NashvUle Terminal Co.. Including terminals and
bridge and 18 miles of track. In 1904 reorganized without foreclosure.
V. 78. p. 1783; V. 79.
p. 213.
On July 1 1908 operation was resumed by the company, the Southern Ry.
and Illinois Central, which purchased the prior Hen bonds,
having allowed
their 3-year ODtlon to purchase the road to lapse.
V. 86. p. 39.
SECURITIES.—Stock outstanding, *8,000,000. all common (par *100.)
The prior Hen 4s of 1904 (originally 5s, stamped 4%), are
subject to call
at 110 on any lnt. day since Jan. 1909; of the
proceeds of sale sufficient Is re¬
served to retire the *13,000 NashvUle ft KnoxvlUe 6s due 1918. V.80,p.l059.
The gen. 5s (*20,000,000 auth., Merc. Tr. Co. of St. Louis, trustee) are
Umlted (incl. *4,200.000 reserved to retire prior lien 5s) to *37,500 per mile
on the 320 miles of present mUeage.
The remaining bonds can only be Issued
for additional mUeage at not over *25,000
per mile.
V. 78, p. 1783; V. 79.
p. 213.
The NashvUle Term. mtge. Is for *1,000,000; see that oompany.
EARNINGS.—12 mos.to June 30 1910, gross, *1,425,582; net, *466,871.
In 1908-09, gross, *1,316,396; net, *345,195.
For 2 mos. ending Aug. 31
1910, gross, *250,313, against *254,534 In 1909; net, *101,760, against
*89,410.
Chairman of Board. Eben Richards; Pres., Ashbel B. Newell; V.-P.,
Eben Richards, N. Y.; Sec., C. E. Norton, NashvUle; Treas., J. S. Mc¬
Henry.—(V. 88, p. 1561; V. 89. p. 666; V. 91, p. 718, 946.)
‘3TENNE&SEE RY.—Owns Oneida, Tenn., to Asher, 50 miles. Road to
be 75 miles In all when completed.
Stock authorized, *1,000,000; out¬
standing, *1,000,000; par, *100. Pres., Bird M. Robinson; Sec., M. T.
De Vault.
Office, 5 Nassau St., New York.—(V. 81, p. 1242.)
TERMINAL RR. 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; owns and operates East St. Louis ft
Carondelet Ry., 9.43 m., since11903. V.74;
l; P.
p. 4'
479; V. 83, p. 1168. Touchlng the Missouri ft Illinois Bridge ft Belt RR., see that oo’s statement.
ORGANIZATION^—Organized In 1889. The foUowlng companies are
sole owners: Cleveland Cincinnati Chicago ft St. Louis, Louisville ft Nash¬
vUle, St. Louis Iron Mountain ft Southern, Baltimore ft Ohio Southwestern,
Missouri Pacific, Wabash, Vandalla RR. (Penn RR. system), Chic. Rock
Isl. ft Pacific, St. Louis ft San Fran., Chic, ft Alton. Chic. Burl, ft Quincy.
IU. Cent., Southern Ry., Mo. Kan. ft Tex. and St. Louis Southwestern.
V. 75, p. 1355; V. 76, p. 103.
These companies agree under contract to
use the property forever and pay as tolls the Interest, taxes, rentals and
other charges, and each line wlU 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. Louis Merchants’ Bridge Terminal RR.
Government suit, V. 88, p. 1374; V. 90, p. 373; V. 91, p. 39.
LEASES.—The leases of the Bridge and the Tunnel are for their corporate
existence, and were made July 1 1881.
As to Utigation, see V. 77, p. 299.
512; V. 78. p. 1908. 2443, 2600: V. 81. p. 32. 1666.
STOCK.—Authorized, *50,000,000; outstanding June 1910, *2,882,000.
BONDS, &o.—Of the gen. M. ref. 4% s. f. gold bds. of 1953 (*50,000,000
auth.), *20,000,000 have been sold for new construction. Improvements and
additions, *17,500,000 are reserved to retire existing bonds and *12.500,000
_
to call at
110 and lnt. stnoe Jan. 1 1910.
See V. 76, p. 267, 383, 481,
807; V. 79, p. 499: V. 83, p. 1168; V. 85, p. 1647; V. 86. p. 1591.
Guarantees *3,500,000 St. L. Merchants’ Bridge Ter. 1st 5s and interest
on *2,000,000 1st 6s of Merchants’ Bridge.
See those companies.
ANNUAL REPORT.—Year ends June 30.
Year—
Gross.
Net.
Other Inc.
Charges.
Bal., Sur.
1909-10
*2,662,308
*706,190 *1,958,904 *2,252,894 *412,199
1908-09
2,322,535
862.344
1,986,272
2,272,177
576,439
Chairman of Board, Julius S. Walsh; Pres., W. S. McChesney Jr.; Sec.,
C. A. Vinnedge; Treas., F. C. Daab.—(V. 90, p. 373; V. 91, p. 39.)
TERMINAL RY. OF BUFFALO.—BlasdeU, N. Y., to Depew, Erie Co.,
N. Y.Vll miles.
Opened Sept. 15 1898. V. 67, p. 530. Stock Is *1,000,000.
Lake Sh. ft Mich. So. and N. Y. C. ft H. K. RR. each owns 5,000
shares of the stock.
Year to Deo. 31 1909, gross, *113,497.
Sec., D. W.
Pardee, N. Y.—(V. 67. p. 530.)
TERRE HAUTE & PEORIA RR .-—(See Maps of
Pennsylvania RR.)—
Road operated from Terre Haute, Ind., via Decatur, to Peoria, IU., 174 m.,
of which 138 m. are owned and half Interest owned In 8 m., and 28 m. Is by
From Oct.
trackage over other roads.
Terre Haute ft Indianapolis at rental
minimum sufficient to pay int. on debt, tne lease Deing assumed jan. i ruo,
by the Vandalla RR. See V. 55, p. 766; V. 81, p. 212.
Lessee owns *646,700 of the *1,837,400 pref. and *1,559,300 of the *1.926,800 oommon, and
Pennsylvania Company Dec. 31 1909 owned *1,085,700 stock.
BONDS.—The consols (Union Trust Co., N. Y., trustee), carry the
guaranty of
of the T. H. ft Indianapolis. In 1905 all
aU back coupons were paid.
V. 81. p. 156. 212: V. 72, p. 481. 873.
See guaranty, V. 81. p. 212.
EARNINGS.—For cal. year 1909, gross, *749,234; def. under exp., *16,353; rental from lessee, *224,770; bal., loss to lessee, *241,123.—(V.81,p.212,>
B1ON2D7S.
RSAATILONWCKDY
1»10.]
128
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
MUes
Road
Date
Bonds
Texas & N O of 1874—Sabine Dlv 1st M gold
104 1882
o* &r
Consolidated mortgage for $4,195,000..--.-Q.c’ftr
209 1893
Dallas piv 1st M gold $20,000 per mile (text) -Un.c*
1900
Texas & Pacific—Fust oonsol (now 1st) M gold.FP.c* 1,387 1888
Second cons lno M ($25,000,000) g (see rem).Me,c* 1,387 1888
Louisiana Dlv Br lines 1st M gold $12,500 p m..Me
398 1901
Texas & Pacific Equipment Ass’n bonds
1902-8
1907
Equip bonds series A, due $155,000 semi-annually. Texas Short Line—First mortgage gold
1902
9H
.Usm
•
tidewater & Western—First mtge $600,000 g__c*ftr
Tioga RR—First mtge due 1882 and extended gold,.
Toledo Angola & W—1st M g red 102 Mi (V 80. p 164)
•
•
Toledo & Ohio Central—First M g (V 58, p 436)...Ce
196
Western Division first mortgage gold
N.o* Text
General mtge (V 62. p 504) ($2,000,000) gold.Ce.o*
335
St Mary's Division first mtge gold $500,000...:Q.c*
61
do
61
first pref lno $500,000 non-cum 4%_S.r
Equipment notes due $32,000 semi-annually
Equipment notes due $28,000 semi-annually
Equip notes, Series B, $60,000 seml-ann.-PeP.c*
Zanesville & Western car trusts guar, $25,000 s.aS.o*
Guaranteed Bonds—Kan & Mich Ry—See that oo
E4HC 8b C Mg$3,500,000sf red 110 after 'll. ..Q
Contnental Coal 1st M g s f red at 110 after 1912. .S
Tol 4b Ohio Cent Ext 1st M (foreclosed) lnt only guar
do
do
Equip trust (V 83,
do
Ser B
1852
500 &o
1902
1,000
1,000
---
1907
1,000
1901
1902
1888
1887
1902
1888
1,000
1,000
1,000
1,000
1,000
1,000
••
230
_
„
_
96
«*•-
1900
1900
1907
1907
1906
1907
...
31.27
234
236
.
100
....
451
451
...
39) g gu $50,000 due 8-a.PeP.c
Toledo Terminal—First mtge $6,000,000 gold lnt guar
Toledo Walhonding Valley & Ohio—Stock $4,000,000
First mortgage ($20,0001 A guar p 4b 1 (end) __F.c*l
per mile) $4,000,000 )B
do *
c*)
■'
gold
do
c* J
_.__JC
Tom big bee Valley—First M $1,200,000 g (see text).K
Gen" mtge $400,000 ($3,000 per mile)N.
p
1905
1,000
1,000
1,000
—
...
}oledo Peoria & Western—1st M (for$5,000,000).F.c*
1,620.000
3,997,000
1,000
1,000
1,000
1,000
1,000
1,000
•
Riverside—1st M g red 102 H to March 1909 text
oledo Saginaw & Muskegon—First mortgage
oledo St Louis & Western—Pref stock 4% non-cum
Prior lien mortgage $10,000,000 gold
F.c&r
First mtge g $6,500,000 red after July 1925.Ta.cftr
Coll tr bonds secured by C 4b A stock, Ser A_.Ce,o*
$2,575,000
1,000
1,000
1,000
1,000
1,000
1885
1892
1894
1901
1901
1906
1907
'
ol
1,000 ftc
1,000 ftc
1,000
1,000
1,000
1,000
100
....
1891
1893
1902
1906
1910
fl
62
62
1,000
1,000
1,000
TEXAS CENTRAL RR.—ROAD.—Waco to Rotan, Tex.. 268 miles;
approximately $3,700,000 consol. M. 6%
bonds and $300,000 stock.
91, p. 95; V. 90, p. 1556. The stockholders were to vote Oct. 24 1910
authorizing a $20,000,000 mortgage, a portion of which will be Issued
4n the near future.
V. 91, p. 155, 871.
DIVS.—%—’97. ’98. ’99. *00. '01. ’02to’04. '05tO*07. '08. '09. 1910.
On common
2 M 2My’ly.
5 y’ly.
0 0
0
•On preferred.. 3
3
4 7H
4
5 yfly.
5 y'ly.
5 5
5
Alter 5% on common both stocks share pro rata.
Report for year ending June 30 1910 was In V. 91, p. 652, showing (268
average miles), gross, $1,014,275; net, $277,739; charges, $65,545; divi¬
dends, $66,225; balance, surplus, $145,969.
Earnings since July 1 1910
Included with Mo. Kan. 4b Tex., V. 91, p. 799.—(V. 90, p. 1678; V. 91,
f>. 95. 155, 590, 652. 871.)
V.
on
_.
TEXAS MIDLAND RR.—Road from Ennis on Houston 4b Texas Cent*- 1
Ry. to Paris, Tex.. 125 miles, of which 13 trackage over St Louis South¬
In 1893 purchased by Mrs. Hetty Green.
Stock, $112,000; pai.
$100. In Jan. 1909 permission was granted to issue $2,000,000 4% bonds
For year 1909-10, gross, $559,977; net, $61,384; charges, $125,105; bal.,
def., $63,721. Pres., E. H. R. Green, Terrell, Tex.—(V. 88, p. 232, 159.)
TEXAS & NEW ORLEANS RR.—(See Map So. Pac.)—Houston, Tex.,
to Orange (Sabine River), 111 miles; and Sabine Pass to
Dallas, 314 miles
Houston to Clinton, 8 m.; Nome to Sour Lake, 8 m.; West Port Arthur to
Port Arthur, 3 m.; Gallatin to Rusk, 8 m.; total, 452 miles.—(V. 80,
p.14 25
SECURITIES, ftc.—The stock Is $5,000,000, all but $500 owned by the
Sou. Pac.
First 7s are purchased by the s. f. at not over 110.
Th re were
•also June 30 1909 $297,313 Texas School Fund 6s, lnt. M. 4b N.,
prln. paya¬
ble 2% per annum.
Lands unsold (451,954 acres on June 30 1905) became
a free asset Aug. 1 1905 on maturity of the main line
mortgage.
The first mortgage of 1900 secures bonds at $20,000 per mile on the road
••extending from Rockland to Dallas, Tex., 218 miles, a pm of which was
purchased in 1899, and extensions hereafter acquired or constructed up to
•40 miles.
V. 70, p. 997; V. 71, p. 183.
Equipment bonds, $476,000 6s,
all owned by So. Pac.
V. 76, p. 1302; V. 80, p. 1425.
EARNINGS.—12 mos.,11909-10
Gross, $3,774,727; net, $998,189
:
July 1 to June 30.
J1908-09
Gross, 3,538,835; net, 766,712
In year ending June 30 1909, gross, $3,649,710; net,
including other
income, $832,575; surplus over charges, $106,374. In 1907-08, gross,
$3,869,434; net, $757,893.—(V. 89, p. 1669; V. 90, p. 168.)
TEXAS & PACIFIC RY.—(See Map Mo. Pac.)— New Orleans, La., west
to El Paso, Tex., 1,150 miles; Marshall via Texarkana Jet. and
Whltesboro
to Fort Worth, 335 m.; branches, 400 m.; total,
1,885, of which 92 m.,
Sierra Blanco to El Paso, trackage, leaving amount owned
1,793 miles.
ORGANIZATION.—In 1888 reorganized by the plan In V. 43, p. 164,
4md V. 45, p. 401, without having the foreclosure sale
confirmed, thus pre¬
serving the original Federal charter.
STOCK.—Authorized, $50,000,000; Issued, $38,763,810; par, $100
Missouri Pacific (Incl. Iron Mtn.) June 30 1909 owned
$6,555,000 stock.
1888 mortgage abstracts, V. 47, p. 82; V. 78, p. 1448.
_BONDS.—See
The Weatherford Mineral Wells & Northwestern
($660,000 5s of 1902) are
principal and Interest, by endorsement. V. 78, p. 344. The
•guaranteed,Gulf
Opelousas
4b Northeastern bonds (authorized Issue
$5,000,000. of
which $1,143,000 outstanding, all in the
treasury of Tex. 4b Pac. Dec. 31
1909) are also guaranteed, and $100,000 Denison 4b Pacific Suburban 5s.
Louisiana Branch Lines mtge. is limited to $7,000,000. V.
72, p. 577,1189.
Interest scrip, income and land grant bonds (a stock liability), retlrable
under reorganization agreement), $94,210; other
scrip, $7,266.
On 2d M. Income 5s there is no right to foreclose unless default Is
made on
lat mtge.
All except $980,000 of the 2ds have been exchanged for 65% In
St. Louis Iron Mtn. & S. 4s.
V. 68. p. 525, 619, 725, 774; V. 70,
p. 533.
Interest
western.
,
•
...
on
2d
Incomes (%)
mtgel
_/
1900
1901
1902
to
1907
1908
1909
1910
l^
4
5 yearly
3H
0
0
EARNINGS.—8 mos.J 1910
Gross, $9,858,075; net, $1,780,671
Jan. 1 to Aug. 31.
(1909
Gross, 8,811,103; net, 1,601,137
ANNUAL REPORT.—Report for 1909 was In V.
90, p. 767
lYear ending Dec. 31—
1909.
1908.
1907
Gross earnings
$14,960,653 $13,917,315 $16,671,668
Net earn’ngs
$4,052,334 $3,628,507 $5,093 728
Other Income
57,235
127,818
110,553
Total net Income
Interest
Interest
Taxes
on
on
first mortgage
second Incomes
Impr’ts, equip., discount, ftc
.
$4,109,569
$1,498,500
$3,756,325
$1,498,500
535,576
1,387,130
558,429
1,434,381
24,992,975
24,663,161
4,970,000
796,000
2.170,000
175,000
300,000
239,500
175,000
3,000,000
2.500.000
2,000,000
500,000
500,000
160.000
364,000
1,140,000
.
375.000
3.250.000
3,023,000
300,000
4,895,000
150,000
1,662,000
$5,204,281
$1,493,625
(3^)863,664
604,100
2.502,742
Balance
sur.$688,363sur.$265.015def $259,850
N. Y. offloe, 165 B’way.—(V. 90, p. 767.)
Rate
%
6 g
5 g
4 g
5 g
5 g
When
Payable
Last Dividend
and Maturity
M ft
ft
J
F
ft
J
ft
March
J
ft
S Sept 1 1912
J July 1 1943
A Aug 1 1930
D June 1 2000
1 Deo 1 2000
J Jan 1 1931
5
To Deo 15 1918
5 g
J
ft
D To June 1917
5 g
ft
J
J Jan 1 1922
4 g
ft
J
J July 1 1955
M
ft
N
Nov 1 1915
fig
s g
M ft
S Sept 1 1922
5 g
J
ft
J July 1 1935
5 g
A
ft o Oct 1 1935
5 g
J
ft D Junel 1935
4 g
ft
F
A Feb 1 1951
Oct 1 If earned
Feb 1 1951
ft
J Jan ’ll-Jan ’13
4Hft5g J
4
M ft N 15 May ’ll-May ’17
J
Sr.
.T Jan
4 g
’ll-Jan *20
4 g
J
ft D Dec ’10-Deo ’17
4H5£
s
5
8
4
5
5
g
g
g
g
g
10,000,000 4 In 1910
9,550,000
3H g
6,500,000
4 g
4 g
6,480,000
2-4 g
5.047,000
4 H g
600,000
4.000.000
4H g
3,500,000 3 In 1909
4 X g
1,500,000
4 H g
978,000
1,418,000
4 g
8 g
306,000
186.000
branch De Leon to Cross Plains. 41 m., to be completed In 1910.
In June 1910 the Missouri Kansas 4s Texas acquired $3,964,600 stock.
Application will be made to exchange the present $4,000,000 stock for
’
Amount
Outstanding
$1,000
«
•
92
46
.
Par
Value
[VOL.
6
J
F
M
J
M
J
ft
ft
J July 1 1951
A Feb 1 1952
A N Nov 1 1938
ft
J July 1 1917
ft
S Mch 1 1927
ft
J July 1 1918
Oct 18 ’10 1%
Q—J
J
ft
J July 1 1925
A
ft
O Apr 1 1950
F
ft
A Aug 1 1917
F
ft
A Aug 1 1917
M ft
S Mch ’ll-Sept’16
M
ft N Nov 1 1957
Yearly Deo 31 *09 3%
J
ft
J July 1 1931
J
ft
J July 1 1933
M
ft
S Sept 1 1942
ft
A
o Apr 1 1956
ft
J
J Jan 1935
LXXXXI.
Places Where Interest and
Dividends are Payable
So Pac. 120 B’way. N Y
do
do
do
do
Mercantile Trust Co, N Y
3M% paid March 1 1908
Mercantile Trust Co, N Y
U S Mtge ft Tr Co, NY
Jan. ’08 coupon last paid
Newbold’s Son ft Co, Phil
Ohio Sav Bk ft Tr Co, Tol
Central Trust Co, N Y
do
do
do
do
4
Guaranty Trust Co,NY
Second Nat Bank, Toledo
J P Morgan ft
do
Co, N Y
Amer Exch Nat
Bk, N Y
do
All owned byGrand Tr’nk
Checks mailed
Offloe 60 WaU Street,N Y
do
do
do
do
do
do
Penn Co Ins on Lives, fto
Trust
Columbia
Co, N Y
All owned by Penn Co
Farmers' L ft Tr Co, N Y
do
do
do
do
KnlckerbockerTrCo, N Y
New York Trust Co,IN Y
In Mch. 1910 the Lake Shore 4b Mich. Sou.
acquired all except $54,100 of
the $6,500,000 com. and $11,600 of the $3,708,000 pref. stock,
previously
held In the Interest of the Hocking Valley; the Lake Shore also purchased
jointly with the Chesapeake 4b Ohio the controlling Interest In the Kanawha
4b Michigan.
V. 90, p. 771.
DIVIDENDS.—On com.: In 1891, 2%; In 1892, 4%; 1893, 2%; 1909,
Feb., 1%; Aug., 1% from earnings of preceding fiscal year.
On pref.,
April 1890 to July 1896, lncl., 5% yearly; 1909, Feb., 5%; Aug., 5% from
earnings of preceding fiscal year. V. 87, p. 412, 471.
GUARANTIES.—The company guarantees the principal and lnt. of the
Kanawha 4b Michigan first mtge. bonds (see that company), and, jointly
with Hocking Valley Ry., the K. 4b Hock. Coal ft Coke bonds (see V. 74,
p. 271; V. 77, p. 2393) and Continental Coal Co. bonds (V. 75, p. 499);
also guarantees lnt. only on $300,000 T. ft O. Cent. Ext. 5s (foreclosed).
EARNINGS.—8 mos.,/1910
Gross, $3,134,502; net, $1,073,525
Jan. 1 to Aug. 31.
11909
Gross, 2,380,834; net,
655,675
ANNUAL REPORT.—Report for 1908-09 was In V. 89, p. 913.
Of total
tonnage in 1909, 72% was bituminous coal.
Years ending June 30—
1909. •
1908.
Inc. or Dec.
Operating revenues
$4,089,607 $4,191,999
—$2,392
Net, after taxes
$1,162,093
$1,271,653 —$109,560
Other Income
89,930
155,844
—65,914
Total net income
$1,252,023
Interest, rents, ftc
$512,821
101,444
185,070
58,463
Additions and Improvements
Preferred dividend, 5%
Common dividend, 1%
Balance, surplus
*
$1,427,497
$565,513
68,220
*185,070
—$172,474
—$52,692
%33,224
*58,463
$394,223
$550,232
—$156,009
Paid from accumulated surplus, but thus shown for sake of simplicity.
Pres., W. C. Brown.—(V. 89, p. 913; V. 90. p. 169, 560, 850.)
TOLEDO PEORIA ft WESTERN RY.—(See Maps of Pennsylvania RR.)
—Owns from Efiner, Indiana State line, to Warsaw, Ill., 220 miles; La
Harpe to Iowa, Ill., 10 miles; jointly with Wabash, 1 mile; trackage to
Peoria and Burlington, la., 17 miles; total. 248 miles.
ORGANIZATION.—In 1894 joint ownership and management by Pa.
Co. and C. B. ft Q. was arranged.
Stock, $4,500,000 (par $100); out¬
standing, $4,076,900.
Mortgage abstract, V. 45. p. 242.
Equipment trusts and notes June 30 1910, $78,658; bills payable, $778,000. Including $220,000 Issued Jan. 1905 to pay ofi the debenture scrip.
ANNUAL REPORT.—Years ending June 30 (V. 91, p. 866):
Year—
Gross.
Net (aft. taxes). Charges. Impr’ts.
Balance.
1909-10
$1,173,420
$222,174
$235,079
def.$12,905
1908-09
1,094,158
181,098
232,103
$18,085
def. 69,090
—(V. 85, p. 406; V. 87, p. 1084; V. 89. p. 848, 914; V. 91, p. 866.)
TOLEDO RIVERSIDE RY.—Bonds
were
guaranteed by endorsement
principal and lnt. by Toledo Ry. ft Term. Co. (old company fore¬
closed) , Cin. Hamilton ft Dayton and Pere Marquette.
V. 79, p. 968.
Pres., H. B; Ledyard; V.-P., Wm. Cotter.—(V. 86, p. 287.)
as to
TOLEDO SAGINAW ft MUSKEGON RY.—See page 166.
TOLEDO ST. LOUIS ft WESTERN RR.—(See Map.)— Owns from Toledo
to East St. Louis, 451 m. (61 H ft 70-lb. steel rails); sidings, ftc., 171 m.;
also has trackage to St. Louis and Toledo Union depots.
Owns jointly
with the Grand Trunk Western Ry. all the stock of the Detroit ft Toledo
Shore Line Ry., Detroit to Toledo, 48 miles, Jointly guaranteeing Its 4%
bonds; present Issue $2,288,000.
V. 76, p. 655.
ORGAN’N.—Successor of Tol. St. L. ft K. C. (foreclosed). V. 70, p. 1196.
In
Aug. 1907 acquired control of the Chicago ft Alton, viz., $6,480,000
pref. ana $14,420,000 common stock. See Bonds below.
STOCK.—Common and preferred (4% non-cum.), $10,000,000 each; par
$100.
Dlv. on pref. In 1907 to Apr. 1910, 4% (A. ft O.); July 1% (quar.);
Oct. 1%; payments to be quarterly (Q.-J.) hereafter.
BONDS.—Of the prior lien 3Hs, $450,000 was In the treasury June 30
Additional first mtge. bonds not to exceed $10,000,000 may be
1909.
Issued at any time to retire the prior lien bonds.
The collateral trust bonds
secured by Chic, ft Alton stock are limited to $12,000,000, ser. A being
Issued In exchange for C. ft A. pref. stock $ for $ and ser. B (bearing lnt. at
2% to July 31 1912 and 4% thereafter) In exchange for C. ft A. com. stock
on the basis of $35 In bonds for $100 stock.
V. 85, p. 1647; V. 86, p. 1468.
EARNINGS.—12 mos.,Jl909-10___Gross, $3,772,636; net, $1,386,863
July 1 to June 30.
/1908-09
Gross, 3,428,643; net,
1,350,922
REPORT.—For year ended June 30 1909 was In V. 89, p. 1218.
1908-09.
Gross earnings -.------------------$3,428,644
Operating expenses and taxes
2,226,432
$3,822,834
1907-08.
Inc. or Dec.
—$394,190
2,712,428
—485,996
Net earnings
-.-$1,202,212
Dlvs. on Chicago ft Alton stock--.
836,000
47,614
Other income
$1,110,406
401,400
11,779
+ $91,806
+ 434,600
+ 35,835
-..$2,085,826
$954,390
$1,523,585
$922,378
+ $562,241
114,777
78,365
398,104
115,798
67,624
$540,191
$19,680
--------
-.-
TEXAS SOUTHEASTERN RR.—TEXAS SHORT LINE
RR.—See p. 166.
TIDEWATER RY.—See Virginian Ry. TIDEW. & WEST.—See p. 166.
TIOGA RR.—-See “Supplement” of July 1894.
Stock, common, $391,•200, and $189,700 preferred; par, $50.
’ *
’
TOLEDO A OHIO CENTRAL RY.—Operates 441 miles, viz.:
Lines owned—
~ Miles. Peo. to St.
Mary’s, (V. 73, p.660) 60
Toledo to Bremen
173
Trackage (37 miles)—
Miles.
Alum Creek to Truro Junction4
to Toledo.
Walbridge
5
New Lexington to Corning
13 Bremen to New Lexington
11
Whitmore to Thurston..
145 To Chaunoey, Carrington, ftc
30
,*nd
£ckoan!5Vi.n28
of
Janesville
4b
West.
Ry..
Thurston
to
Shawnee
»and
Zanesville, O., with branches, 89 m., oper. separately. V.
75, p. 906.
—
—.
...
■>,
Total Income
Interest on bonds—
Hire of equipment
Other Interest, discount, ftc
Preferred dividend, 4%
-.-
.
+ 31,992
—21
+
10,741
398,104
r.
Balanoe, surplus
-
-
+ $520,511
DIRECTORS.—Thos. H. Hubbard (Chairman), Wm. A. Read, T. P.
Shonts (Pres.), E. J. Berwlnd, James N. Wallace, Chas. H. Tweed, H. S.
Black, Harry Bronner, C. S. W. Packard, Edwin Hawley and H. B.
Huntington. Sec. and Treas., James Steuart Mackle. Office, 60 Wall St.*
N. Y.—(V. 89, p. 1142, 1218; V. 90. p 304, 772, 850, 1615.)
B1O2ND9S.
RASATIONLWCDKY
]191°
•
130
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]
Miles
Road
(For abbreviations, Ac.,
91
Sterling bonds, redeemable
Toronto Ham & Buff—1st M gold $40,000 p m.AB.c*
Second mortgage $1,000,000 gold
[ransylvania—First mortgage gold $500,000.. S.c*6br
raverse City RR—First mortgage gold
----remont & uulf—First mtge gold red text..—IC.c*
enton Delaware Bridge—First mortgage..'rinity & Brazos Vy—Eq tr bds gu (text) call 101.. G
roy & Greenbusb—Stock 7% rental New York Cent
uckerton RR—1st M red text extended 1910
c*
uscarora Valley—First mortgage $150,000 gold
ster & Delaware—Cons M for $2,000,000 g..Ce,c*
-
88
88
42
26
77
m m —
...
6
29
27
101
m
.
.
19
4J4% bonds £3,000,000 call at par
Income bonds 6% non-cumulatlve call at par
Power-house first debentures £1,000,000
Union Pacific RR—Common stock $295,178,700
Pref stock 4% non-cum $200,000,000 (V 80, p 1364)
First M g railway & land grant $100,000,000 g-.Me
Bonds redeemable convertible (text)
Me
First lien 6b ret mtge red 107 H beg 1918_Eq.xc*&r*
nited Springs
N J RR &
Canal Co—Stock
6c Nor—First
M $1,000,000
10% guaranteed..
g red 105..
Knion
General
mortgage of (Loan of 1923 gold
1871 for $20,000,- ILoanof 1929 gold
000
(now
first (Loan of 1944 gold
r
.
m
.
.
.
.
...
m
m
Par
Amount
Rate
When
Value
Outstanding
%
Payable
1906
1905
1908
1908
1896
1904
1906
1883
1908
1877
1907
1880
1897
1888
1902
1904
1908
1908
1908
1909
....
...
....
.
.
.
3,268
7H
1897
1907
1908
1901
...
....
225
1883
1889
1894
1901
1908
1910
1895
c6br. miles
c&r •road
mortgage) FP se-1 Loan of 1951 gold p A 1 guar, and
all equally. I Loan of 1948 gn 6b gu-.c&r canal
503
United RRs of Yucatan—1st M g red 101 beg r20sf par
cures
20
United Verde & Padfc—First mtge $300,000
G.c
Utica & Black River—See Rome Watertown & Ogden sburg
97
Utica Chen & Susq Val—Stock 6% guar by D L 6b W
Utica Clinton & Binghamton—Stock..........
31
First mortgage guar p 6b 1 by Del & Hud (end) _N.c
11
Valley (NY)—Stock 5%guaranteed by D L & W
11
First mortgage (for $500.000)
F
__
.....
Date
Bonds
...
2,090
...
$1,000
100
100
....
1,000
100
....
1881
1,000
.
DIVIDENDS—
1906.
1907.
1908-09.
Common stock (now $1,650,000)
27%
10% (in April)
None
Preferred stock (7% non-cum., $500,000)
27%
10% (In April)
None
A sinking fund will retire one-fifteenth of bonds annually Jan. 1 (to be
drawn by lot), the entire Issue being subject to call at 102Hi the Land
Title A Trust Co., Philadelphia, Is mortgage trustee.
V. 82, p. 806.
EARNINGS.—2 mos.,/1910
.Gross, $142,990; net, $45,685
July 1 to Aug. 31
\1909
Gross,
12p,032; net,
41,051
REPORT.—Report for year ending June 30 1910, In “Chronicle” Oct. 29
or Nov., shows:
Gross, $789,205; net, after taxes, $167,830; other Income,
$3,772; int., sink, fund, 6cc., $143,868; bal., sur., $27,734. In 1908-09,
gross, $910,019; net, $182,585.
Pres., M. B. Cutter; Sec., Wm. F. Henshaw, Bullitt Bldg., Phlla.—(V. 90, p. 915; V. 91, p. 1027.)
TONOPAH
»AH & TIDEWATER CO. OF NEVADA. INC.—Organised In
Delaware Junelll908 as a holding company and issued, per plan V. 86,
& exchange
1287, $3,640,000
“A” and
$1,640,000'“B”
(both'of Aequal
rank)
for the entire
stock
the Tonopah
($1,500,000) ofstock
Tidewater
RR. and $2,000,000 stock of the Bullfrog-Goldfield RR.
The earnings of
the two operating companies are kept separate, the surplus of either
road over fixed charges in any year to be used to make up the deficiency
of the other.
Pres., F. M. Smith, Oakland,' Cal.; 1st V.-P.. D. W. Van
Busklrk, Bayonne, N. J.; 2d V.-P., Arthur Brock, Philadelphia; Sec. and
Treas., C. B. Zabrlskle. 100 William St., N. Y.—(V. 86, p. 1468.)
TONOPAH A TIDEWATER RR.—Owns Ludlow, Cal., on the Atch.
Top. A Santa Fe, to Beatty, Nev., 168 miles; Completed Dec. 1907; also
branch from Death Valley Junction to Ryan, 7 miles; extension
proposed to
Tonopah, Nev., 110 miles. Stock authorized, $1,500,000. The deben¬
ture stock certificates are guaranteed by the Borax
Consolidated,
Ltd., and
are secured by deposit of mortgage and bonds Issued thereunder with
the
Indian A General Trust Co., Ltd., of London.
V. 81, p. 1793; V. 82, p.
753, 871,1440.
In Feb. 1908 It was arranged to Issue £175,000 redeemable
5% bonds, guar, by Borax Consolidated, to complete the line. V. 86, p.722.
EARNINGS.—2 mos., 11910
.Gross,
$44,979;
net,
$4,020
July 1 to Aug. 31.
11909
Gross,
66,231;
net,
20,249
For year ending June 30 1910, gross, $421,529; net, $142,833.
In 190809, gross, $458,277; net, $158,881. In, 1907-08, gross, $352,460; net,
$131,765; charges, $114,885; bal., surplus, $16,880.
f
BULLFROG-GOLDFIELD RR.—Bullfrog to Goldfield, Nev., 83 miles.
Of the consol. 5s ($2,000,000 auth. issue), $1,250,000 were
reported as
Issued to take up 1st 6s, $350,000 have been sold to
provide for construc¬
tion, equipment, 6kc., as required, $250,000 are reserved to take up 1st 6s
held by the public and $150,000 for future purposes.
V. 86, p. 1287. Year
1909-10, gross, $128,559; oper. def. after taxes, $18,768.—(V. 86, p. 1287.)
TORONTO HAMILTON & BUFFALO RR. TRANSYLVANIA RR. TRA¬
VERSE CITY LEELANAU & MANJSTIQUE RR. TRAVERSE ^TTV
RR.
TREMONT & GULF RY.—See page 166,
TRENTON DELAWARE BRIDGE CO.—Owns bridge 0.19 mile lnlength.
Leased June 20 1877 to Dec. 1 2870, lease being
assigned to Penn. RR.;
rental, $20,000 yearly (as reduced July 1 1909) and two-thirds of taxes
paid
by the Bridge Company. Stock, $298,900.
TRINITY & BRAZOS VALLEY.—See page 166,
TROY & GREENBUSH RR.—Owns from Troy to Rensselaer, 6 m.;
double track; leased to N. Y. Central in 1851 at 7% on
$275,000 stock
TUCKERTON RR.—Owns Whitings Station to Tuckerton, N. J., 29 m.
Stock authorized, common, $125,000; pref., $500,000;
outstanding, com¬
mon. $106,868; pref., $445,374; par, $50.
Bonds, $100,000 6s, extended
to moat 5%; they are subject to call after
July 1920 at 105; Camden
ivi J.) Safe Dep. A Tr. Co., trustee. For calendar year 1909, gross, $74,9!2r net, after taxes, $16,943; Interest.
$5,000; bal., sur., $11,943
V. 90.
p. 628.
Pres, and Treas., Richard Ashhurst. Phlla., Pa.—(V.
90, p. 628.)
.
B1?¥ills*
road (3 ft.) Port Royal
Pa” 27 m* Stock. $300,000; par, $50; Issued, $150,000.
Year 1908-09, gross, $30,765; net,
$8,854; charges, $7,500: bal., sur., $1,353.
Pres., N. H. Suloff.—(V. 67, p. 1162.)
(THE)
Hudson
129 miles
$100.
As to
refunding
4s of
1902Vsee V77$7 pi 667?V. 75! pt 15*.'
£175,000
3,280;000
1.000,000
0 g
J
434
5 tt
5
j
4 g
4 g
J
J
6
4,000,000
849,285 See text
5
800,000
5
750,000
400.000
5
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
J Jan 1 1911-1921 Land Title 6b Tr Co, Phlla
1960
j July 1 1938
6b
6b
D Junel 1946
D Junel 1946
Jan 1 1956
Jan 1 1933
Feb 1 1948
Lincoln Nat Bank, N Y
do
do
Standard Trust Co, N Y
Winslow, Lanier 6bCo N Y
New York and Chicago
Treasurer’s Office, Phlla
.
July 1 1917
Apr ’ll-Apr ’17
Junel5’10 3H%
July 1 1930
July 1 1917
Junel
Oct 1
Jan 1
Nov 1
Jan 1
Jan 1
Guaranty Trust Go, N Y
Troy. N Y
Camden (NJ)S D 6b Tr Co
Metropolitan Tr Co, N Y
Central Trust Co, N
do
do
1928
1952
1934
1920
1933
1948
Y
Office, 37 Wall St. N Y
M % (1 % yly) pd Sep 1 *10
1 ’10
2H Office, 120 B’way, N Y
1 1910 2%
do
do
do
do
July 1 1947
do
do
July 1 1927
June 1 2008
New York and London
International Tr Co, Balt
May 1 1931
Oct 10 '10 2 H Offices. Phlladel 6b N Y
Feb 1 1923
Office, Philadelphia
do
do
Sept 1 1929
Mch 1 1944
Nat Bk Com. N Y 6b PhU
Mch 1 1951
do
do
Oct
Oct
Sept 1 1948
Office, Philadelphia
N Y, Mex, London, 6bc
Guaranty Trust Co, N Y
April 1950
Jan
1 1920
M 6b N Nov 1910
3%
F 6b A 10 Aug 10’10 1 %%
6b
J
J July 1 1939
6b
J
J July 1 ’10 2X%
6b
F
A Aug 1 1911
EARNINGS.—12 mos., (1909-10
July 1 to June 30.
\ 1908-09
Yrs.end.JTne 30. Gross.
1908-09..
$1,024,438
1907-08
936.751
LXXXXI.
6b
5 g
434.000
J
6b
J
3 g
250,000
J
6b
J
1.550.000
7
311.000
6b
J
J
5 g
325,000
A
6b O
50
7
275,000
J 6b D 15
500 6bc
5
100,000
6b
J
J
1,000
5 g
150,000
J
6b
J
1,000
2.000,000
5 g
J
6b
D
1,000
4 g
1,000,000
A 6b O
1,000 6bc
4 g
200,000
6b
J
J
£ 6bo £1.000.000
5
M 6b N
£ 6bc £2.818,700
6b
4H
J
J
£ Ac £4,928.050 Up to 6
Seml-an
£1.000 £1,000.000
4
100 216,597.800 10 In ’10
Q—J
100 99,547,410 4 In 1910 A
6b
O
500 6bc 100.000.000
4 g
6b
J
J
500 6bc 36,854.850
4 g
6b
J
J
$ 6b £
65.302,000
4 g
M 6b
S
1,000
5 g
75,000
M 10 6bN
100 21,240,400
10
Q—J
1,000
1,824,000
4 g
F
6b
A
1,000
6,020,000
4 g
M 6b
S
1,000
4 g
5,646,000
M 6b
s
1,000
8 34 g M 6b
5,669,000
s
1.000
4
841,000
M
6b
s
£50 6bc
5 g
£825,000
A
6b
o
1,000
$300,000
6
6b
J
J
....
1889
$842,000
£500,000
See text
1,000
1,000
1,000 6bc
1,000
1,000
1,000
1,000
TOLEDO TERMINAL RR.—Owns belt road, 28.77 miles (Incl. two
bridges), with 2H-mlle branch to terminal station; total, 31.27 miles.
ORGANIZATION.—Successor Dec. 31 1907, per plan V. 85, p. 1402,
1463, of the Toledo Ry. & Term. Co., sold In foreclosure May 28 1907.
Controlled by seven roads.
V. 84, p. 130; V. 85, p. 100, 347; V. 86, p. 170.
Stock auth., $6,000,000; outstanding, $4,000,000.
Of the $6,000,000
new bonds, $2,000,000 will be reserved for future requirements.
The Pere
Marquette and the Cln. Ham. & Dayton each guarantee payment of 20%
of the Interest on the bonds, and the Pennsylvania Co., Lake Shore &
Mich. South., Mich. Cent., Tol. St. L. & West, and Grand Trunk Western,
12% each., receiving same per cent In new stock.—(V. 88, p. 159.)
TOLEDO WALHONDING VALLEY & OHIO RR.—(See Maps Penn¬
sylvania RR.)—Owns road In operation from Toledo Junction to Toledo,
O., 81 miles, and from Loudonvllle to Coshocton, O., 45 m.; Sandusky to
Columbus, 108 miles. Total owned, 236 miles; trackage (Pitts. Ft. W. 6b
C.) to Mansfield, O., 7 m.; Cleve. Cln. Chic. A St. L. In Sandusky and
Columbus, O., 2 miles; total. 245 miles.
Leased for net earns, to the
Penn. Co., which guarantees bonds and owns the capital stock.
EARNINGS.—Cal. year 1909, gross. $2,842,115; net, $608,499; other
Income, $4,561; charges, impts., 6cc., $444,859; dlvs. (3%), $105,000; bal.;
BUT
$58,640.—(V. 75, p. 1088.)
TOMBIGBEE VALLEY RR.—See page 166.
TONOPAH & GOLDFIELD RR.—Owns Tonopah Jet. via Tonopah to
Bullfrog Jet., Nev., 89 m.; trackage, 9 m.; branches. Ac., 11 m. V.82,p.80.
*AVS,C.AI&!?A *yALIiEY RR*—Narrow-gauge
[VOL.
Net.
$314,664
203,182
D L 6b W RR. New York
On Nat Bk, Utica, N Y
New York Trust Co, N Y
Del Lack 6b Western, NY
do
do
Gross, $1,139,253; net, $359,372
Gross! 1,024,438; net, 314,663
Oth.inc. Int., taxes, Ac. Bal.jur
$8,312
$221,676
$101,300
8.842
210,372
1,652
UNAD1LLA VALLEY RY.-See p. 166.
UNDERGROUND ELECTRIC RYS. CO. OF LONDON. LTD.—Operates
102 miles of double-track underground and surface electric road, viz.:
Tube Cos.—Stk.mostly owned.Miles.
Surface—Maj.Stk.owned.
Miles.
Baker St. A Waterloo Ry
London United Tramways.....51H
1
Char. Cross Eus. A Hamp. Ry_ >22 H
Tunnel—Leased—Maf. stk. owned.
Great Northern Piccadilly 6b |
Metropolitan District Ry. (lnd.
Bromp. Ry. op’ed Dec. 15’06J
|
3 H miles owned jointly
28
ORGANIZATION.—Reorganized In 1908, per plan In V. 86, p. 1044;
V. 87, p. 347; over 90% of the £20,149,268 profit-sharing notes
assenting.
Under the plan the company authorized (l) £1,000,000 5% prior lien
bonds due Nov. 1 1920, but subject to call at par In any amount when
drawn by lot (£250,000 additional may be Issued by vote of 4 )4% bonds);
(2) £3,000,000 4H% bonds due Jan. 1 1933. and (3) £5,200,000 6%
Income bonds due Jan. 1 1948. all secured In order named by same col¬
lateral as the profit-sharing notes and by £3,500,000 additional stock In
tube companies and a third charge on the power house.
Income bonds
have 11 votes for each £100 principal.
Dividend on Income bonds (semlann.), H% (1% yearly), paid Sept. 1 1910.
V. 91, p. 465.
Stock, £5,000,000, all except £164,750 paid In June 30 1910; par, £10.
In June 1909 £1,000,000 4% first mortgage power-house debentures
were Issued to replace outstanding Issues.
V. 88, p. 1561.
On July 26 1910 royal assent was given to amalgamate the Great Northern
Piccadilly 6b Bromp ton Ry., Charing Cross Euston 6b Hampstead Ry. and
Baker St. A Waterloo Ry. under the name of London Electric Rys.. with
authority to Issue $4,200,000 4% debenture stock, $3,150,000 4% prefer¬
ence
and $9,450,000 ordinary stock.
V. 91, p. 465.
Controlled
Cos.—
Lon. El. Ry
Total
Issued.
Held by
Parent Co.
V. 89,
p.
1669; V. 90,
Controlled
Cos.
Total
Issued.
p.
238, 560;
Held by
Parent C.o
Metrop. DIs. Ry.
Ord. stock.. £3.235,000£1,781.500
Ord’y stock £9,450,000 £8,927,943
4% pref.stk. 3,150,000 1909437(?)
5% pf. stock 1,500,000
y96,000
Deb. stock. 3,791,106
2d
do
(?)
1,470,000 1,470,000
b London United Tramways.
4% guar.stk.il,436,433
6,500
Ordinary stk. 1,000,000
3% rent chgez2,116,666
878.700
Hen
Prior
5% pref. stk. 1,250,000
153,770
4%
550.000V87.P.1012
1st M. 4%deb 1,649,930
Deb.stk.,6cc. z2.835.825
y Has a vote also on £441,551 on which holders have ceded their vote tn
consideration of scaled dividend guaranty,
z No vote,
a b Underground
Co. has vote on a £3,788,851 out of £6,205,000 and b £1.032,470 out of
£2,250,000 voting shares.
EARNINGS.—Of oper. cos. from Jan. 1 to Oct. 1 1910, gross, £1,162,283 in 1910, against £1,109,845 In 1909.
See also V. 91, p. 517.
REPORT.—Semi-annual report, V. 91, p. 517.
Sir Edgar Speyer, Bart.,
Chairman; Sec., W. E. Mandellck.—(V. 91, p. 465, 517, 718, 1096.)
UNION PACIFIC RAILROAD.—{See Map.)—The system embraoes:
Lines owned directly—
Controlled—Practically owned—
Miles.
Council Bluffs to Ogden
1,012 •Ore. Short Line RR., ’Frisco,
Kansas City to Denver
640
Utah, Ac
ol,557
Denver to Cheyenne
106 Oregon RR. & Navigation
ol,427
Lasalle, Col., to Julesburg
149 Leased
27
Other branches, dso
1,491
Total all lines July 1 1910
6,401
a See these companies. * • Also owns one-half interest In the San Pedro
Los Angeles 6b Salt Lake Ry., which see.
Northwestern Pacific (jointly
owned with Atchison), see that Co., V. 84, p. 104.
On June 30 1909 352 miles of extension were under construction, of which
79 were completed.
V. 87, p. 1546. In May 1909 contract was let for
100 miles from Wamsutter, Wyo., to Craig, 40 miles west of Steamboat
Springs, Col., shortening the distance between Denver and Salt Lake about
20 miles.
In 1909 arranged for 126 miles of joint lines around Tacoma,
Wash., with Chicago Milw. 6b St. Paul.
V. 88. p. 824.
In May 1909
arranged to use jointly the Northern Pacific line between South Tacoma
and Vancouver, Wash., 135 miles, and In Nov. 1909 the Nor. Pac. line
bet.Lewlston Idaho, and Grangevllle, 67 miles. V.88. p. 1372; V. 89, p.1349.
HISTORY.—Incorporated In Utah July 1 1897 to succeed, per plan of
Oct. 15 1895 (V. 61, p. 704, 705, and V. 64, p. 424), the Union Pacific Ry.,
as stated to N. Y. Stock Exchange In V. 66, p. 618; see also V. 67, b. 790.
In July ’10 owned, through Or. Sh. Line RR., $126,650,000 stk. of So.
Pac. Co., a strong working control. The Union Pac. owns $10,343,100 pref.
stock of Ch. 6b Alton, but control Is held by Tol. St. L. 6b W. V. 81, p. 1664;
V. 83, p. 689.
On June 30 1909 owned $5,687,325 Utah Ry. A Light stock
and $1,034,000 bonds.
V. 87, p. 1548-9. $37,260,000 So. Pac. 4% con
vertlble bonds were sold In July 1909.
V. 88, p. 507; V. 89, p. 44, 105.
In July 1910 also owned the following stocks, mostly acquired In 1906
(see V 84, p. 52.104, 509. 572, 932,1184, V. 87, p. 1542,1549; V. 90, p.700):
Acquired by Union Pac. Par Val.
Acq. by Or. Sh. L. (concl.). Par Val.
Illinois Central stock
$32,900,000 Balto. 6b Ohio, common.$32,334,200
St. Jos. A Gr. Isl., oom__
3.080,000
do do preferred
7,206,400
do
do
do
1st pref.
1,251,400 Chic. Mil. 6b St. P., pref. 1,845,000
do
do do
2d pref.
1,747,800 Chic. A N W.^common. 4,018,750
N. Y. Cent. 6b H. R. stk. 17,857,125
In July 1909 sold $10,000,000 Atchison stock acquired In 1906 and 38,864
shares of Great Northern certificates and acquired additional N. Y. Cent,
and Chic. A N. W. stock.
V. 89, p. 226, 412.
Gov. suit to set aside control of So. Pac., 6sc., was argued In lower court
In Oct. 1910; decision pending.
V. 87, p. 1480; V. 91, p. 718.
STOCK.—In 1901 common stock was authorized to be increased by
$100,000,000, to provide for conversion of first lien 4s, and on June 15 1907
by $100,000,000, of which $42,857,200 to be reserved for conversion of the
$75,000,000 4s of 1907; balance for future requirements. See BONDS
below.
V. 82, p. 1271; V. 84, p. 1115; V. 85. p* 1587.
M
BONDS.
RSAATIONLWCDKY
i»io.]
S
o
132
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
(For abbreviations, Ac.,
see
Miles
Road
notes on first page]
Valley (Virginia)—First mortgage $1,000,000
Vandalia RR—Stock $25,000,000 authorized
Date
Bonds
c
52
1881
Terre H A Ind cons M (now first) gold assumed..F
Cons M $25,000,000 gSerAaf
F.c’rAr*
116
1885
1905
1907
1904
V<
Vermont & Mass—Stock 6.
Fitchburg
_
RR.
by t
Bonds currency guar D & 1 by Fite:
chb urg RR.
Vermont Valley Ry—Stock
First mortgage $1,500,000 gold
BB.cAr
Vicksburg & Meridian—See Alabama & Vicksburg
Vicksburg Shreve A Pac Ry—Com stock $3,000,000Preferred stock 5% non-cumulative $2,200,000
General mortgage $3,500,000
F.xc*
Vicks Shreve A Pac RR prior lien mtge g
Ce.c*
Virginia Air Line—1st mtge $900,000 gold
Virginia & Caro Sou—1st M $2,000,000 g see text)..N
Virginia Midland—See Southern Ry
guar
s
_
*
_
„
Virginia & Southw—1st M
g gu by Va I C & C----G
First consolidated mtge $7,000,000 gold—S.c* Ar*
Virginian—Tldew Co notes red 101 conv (text) ..Eq c*
First mortgage gold redeemable at 110
Ce
Vlrg Term Ry 1st M $10,000,000 g gu pAi red 110.Ce
First lien eq notes ser A g red 105 part due s-a.-Eq
Second lien equipment notes
Wabash Chester & Western—First mortgage gold._c*
First consolidated mortgage $1,000,000 gola.SSt.c*
Wabash Pittsburgh—First lien receiver's certificates.
First lien rec ctfs red after May 1911 at par
First mortgage $50,000,000 gold
Me.c’&r
Second mtge gold Incomes to June 1910—Eq.c* Ar
Wabash RR—First mtge gold ($34,000,000)—Ce.c*
Second mortgage gold
-Mp.c
Deben mtge income non-cum Series B not red..Me
Detroit A Chicago Ext 1st M g s f red at 110..Ce.c
655
655
265
59
Par
Value
$1,000
1,000
1,000
1,000
1,000
100
'
_
1903
‘24
1.000
50
--
1916
24
1,000
Amount
Rate
When
Outstanding
%
Payable
$750,000
6
14,649,516 See text
1,899,000
5 g
9,923,000
4 g
7,945,000
4 g
7.000,000
4H g
3.193.000
6
772,000
3 X
1.000,000 10 In ’10
1.500,000
4He
188
188
30
15
1901
1885
136
209
1902
1908
1908
1907
1907
1908
1908
1888
1893
1907
42
65
1,000 Ac
1,000 Ac
1.000
1,000
1,000
2.000,000
4,570,000
17.000.000
1,000
1.000
3.000,000
See text
See text
750,000
300,000
390,000
1,000
1,000
’08-09
1,308,772
1910
See text
1904 1,000 Ac 30.236,000
1904 1,000 Ac 20.000,000
1,542 1889
1,000 33,900,000
1,009 1889
1.000 14,000,000
1,542 1889
1,000
1,277.000
150 1891
1,000
3,107,000
97 1899
1,000
1,600,000
226 1901
1,000
3,000,000
144 1901
Ac
500
3,173,000
First lien terminal mtge $10,000,000
1904 1,000 Ac
3.923.909
First ref and ext M $200,000,000 gold—Eq.xc* Ar* 2,666 1906 1,000 Ac a38,615,000
a Includes an amount In treasury—only $32,087, 000 be ing list ed In Oct
1910.
g.-Ba.xc^Ar
DIVIDENDS - ’99. *00. ’01 to ’04. ’05. *06. ’07. 1908. 1009.
1910.
Common (%)
3K 4 yearly 4H
8
10
10
10
10
Preferred (%)... 3H 4
4 yearly
4
4
4
4
4
4
BONDS.—The 1st mtge. of 1897 covers the original 1.854 miles. Includ¬
ing the telegraph, terminals, equipment and land grants.
V. 66, p.618.
Stockholders subscribed for $73,762,000 In 1907 of $75,000,000 new con¬
vertible 4s at 90.
They are convertible at any time before July 1 1917
into common stock at $175 per share, and are redeemable at the
of the company on July 1 1912, or on any semi-annual Interest day option
there¬
after, at a premium of 2 h %. upon 90 days’ notice. In which case the prlvi
lege of conversion will terminate 30 days before redemption date. V. 84.
P. 1115, 1183; V. 85, p. 100, 161.
The first lien and refunding 4s of 1908 ($200,000,000 authorized Is¬
sue), of which $50,000,000 were sold In June 1908, $7,802,000 early
In 1910 and $7,500,000 In September 1910, are secured by first mort¬
gage on 1,178 miles of main track, Including the line from Julesburg to
La Salle, Colo., andalso. subject to the 1st mtge., the 2,090 mUes of road
oovered thereby, making a total of 3,268 miles covered by the mtge. Of the
remaining bonds, $100,000,000 are reserved to retire the 1st 4s of 1947, the
other $34,698,000 to be issued only for additional lines, lmpts., Ac.
V. 86,
p. 1468; V. 87, p. 546, 1012, 1541; V. 90, p. 448; V. 91, D. 872.
LANDS.—Total estimated value of lands and land assets June 30 1910,
$5,643,076.
During 1909-10 210,018 acres were sold for $567,050.
GENERAL FINANCES.—In Oct. 1906 the dividend rate was Increased
to 10%, of which 6% from the operations of the road and 4% from invest¬
ments.
In Oct. 1906 dividends on Southern Pacific common stock at the
rate of 5% yearly were begun, which were Increased in Oct. 1907 to
6%,
yielding the Union Pacific on its holdings at the latter rate $5,400,000
annually. V. 83, p. 380, 437.
In Feb. 1908 an extra dlv. of 75% on Ore¬
gon RR. & Nav. Co. pref. and com. stock was paid.
V. 87, p. 1421. Early
In 1910 sold $7,802,000 first lien and refunding 4s and In
Sept. 1910 $7,500,000.
V. 91, p. 872.
EARNINGS.—
Gross Earnings
July 1 to Aug. 31—
1910.
1909.
Union Pacific System...$16,396,129 $15,483,468
Net Earnings
1910.
1909.
$7,111,343
$7,969,321
REPORT.—For 1909-10 In “Chronicle” Oct. 29; also edit.
Years ending June Z0—
1909-10.
1908-09.
1907-08.
Average miles
6,296
6,062
5,781
Total operating revenue
.$90,228,092 $78,750,461 $76,039,225
Operating expenses and taxes
50,203,257
40,515,647
44,138,761
Net revenue
Income from Investments, Ac
.
Fixed
.
do
do
$40,024,835 $38,234,814 $31,900,464
19,512,0 1
17,736,393
16,019,692
$59, 36,886 $55,971,207 $47,920,156
$14,031,436 $14,372,870 $12,200,849
3,981,760
3,981,760
3,981,764
21,70.,865
19,678,327
19,548,790
Balance, surplus.
_$19,819,82j $17,938,250 $12,188,752
OFFICERS, Ac.—r-Pres. and Chairman Exec. Comm., Robert S. Lovett;
Vice-Pres., J. Kruttschnitt, J. C. Stubbs, Wm. Mahl; Gen. Mgr., A. L.
Mohler; Sec., Alexander Millar; Comp., Wm. Mahl; Treas., F. V. S. Crosby.
Directors—Otto H. Kahn, F. A. Vanderllp, Marvin Hughltt, Henry C.
Frick, A. J. Earllng, Mortimer L. Schlff, Joseph F. Smith, Oliver Ames,
Wm. G. Rockefeller, William RockefeUer, Robert S.
Lovett, Chas. A. Pea¬
body, H. W. DeForest, W. V. S. Thorne and Robert W. Goelet.
Office, 120 B’way, N. Y.—(V. 91, p. 393, 718, 872, 1027.)
UNION SPRINGS & NORTHERN RY.—See page 166.
UNITED NEW JERSEY RAILROAD & CANAL CO.—(See
Map Penn.
RR.)—Part of a 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 450 miles; Hudson River ferries to New York,
I m.; Dei. & Raritan Canal, from Bordentown to New
Brunswick, Ac..
66 m.; Phlla. & Trenton and Belvidere, Del.—which see—are
leased lines.
LEASE.—Leased In June 1871 to the Pennsylvania RR. for 999
years;
rental equal to 10% on stock. Interest on bonds, taxes. Ac.
EARNINGS.—For year ending Dec. 31 1909, gross, $35,616,509;
net.
$8,561,642; other income, $459,409; int., rentals, improvts., Ac., $6,695.964; dividends, $2,124,040; bal., sur., $201,047.—(V. 74,
p. 682.)
UNITED RAILROADS OF YUCATAN.—(V. 90, p. 1678: V. 91.
p. 718.)
UTICA CHENANOO & SUSQUEHANNA VALLEY RY.—Owns
Utica,
N. Y., to Greene, N. Y., 75 miles; branch to Richfield
Springs, 22 miles.
Leased to
Delaware Lackawanna A Western at 6% on stock.
No bonds.
UTICA CLINTON & BINGHAMTON RR.—See page 166.
VALLEY (N. Y.) RR.—Binghamton, N. Y., to State Line of
Penn.,
II miles.
Leased to Delaware Lackawanna A Western at
5% per annum
on stock, the lessee
assuming the Interest on bonds.
VANDALIA RR.—{See Maps Pa. RR.)—The road embraces:
Owned—
M"
Miles.
~
Leased—
(*See
this co.)
Indlanap., Ind.. to E. St. L., 111.238 Terre Haute A Peoria
Indianapolis to Vincennes, Ind.. 118 Evansville A Terre Haute
South Bend to Rockville, Ind...160 Trackage
Logans port, Ind., to Butler
93
Branches
30
Total
isee atso
v. so,
o
...
16
27
srated
827
p. 1243, 1
°x,T£1i:®
00 01 the stock.
DIVIDENDS—
Per cent
Miles.
*145
Vandalia Coal Co., see V. 8irp.~2lV.
(1905. 1906.
1909 to Aug. 1910.
\
2
4
5% yearly (now Q -F )
BONDS.—To retire the $1,899,000 old bonds, an equal amount of con18
$5,101,000 also reserved for lmpr’ts and general purposes.
vee80.!p i50.1»15S.'1!l26'l.; V> **• P‘ 17281 V> *2, P' 182> 88*;
&
All owned by Balt A Ohio
1 1921
Aug 25 '10 1 Vi Checks mailed
J July 1 1925
Farmers’ L & Tr Co, N Y
A Feb 1 1955
)!
do
do
&
J
F
&
M & N
&
J
J
&
A
O
MAN
&
&
A
Places Where Interest ana
Dividends are Payable
O Oct
Q—F
J
|
Nov 1 1957
do
July 1 1934
do
Speyer & Co, New York
Oct 1910 3%
53 Devonshire St, Boston
do
do
May 1 1923
J July 1 ’10, 5%
O Oct 1 1940
Bellows Falls, Vt
Safe
Dep 6: Tr Co, Boston
2.856,500 See text Yearly
30 1905 2% Central Trust Co, N Y
2,142,800 5 In 1910 Yearly Sept 3 1910 5%
do
do
5
1.922,000
MAN May 1 1941
Farmers’ L & Tr Co, N Y
1,323,000
M 6s
N Nov 1 1915
Central Trust Co, N Y
900,000
5 e
M 6s N May 1 1952
New York
120,000
J
&
J Jan 1 1938
5g
1,000
1,000
1,000
1,000
1908
A
Last Dividend
and Maturity
LXXXXI.
!nov
100
100
188
[Vol.
J
8s
J Jan 1 2003
8s
O Apr 1 1958
8s
D June 11913
8s N{May 1 1957
8s
N May 1 1957
6s N May’ll-Nov’18
8s
D'June 1919
6s
J July 1 1918
8s J Jan 1 1928
See text
A
J
M
5 *
2*
2*
5*
2*
2*
M
M
J
J
J
l*
6
4
4
5
5
J
g
g
g
g
8b
M
F
J
6
D Junel 1954
June 1 1954
May 1 1939
J
J
J
S
O
J
J
5 g
J
4 g
J
4 g
M
3
3H g A
4 g
J
4 g
J
Feb 1 1939
See text
July 1 1941
Jan 1 1939
Mch 1 1941
Oct 1 1941
Jan 1 1954
July 1 1956
Standard Trust Co, N Y
do
d»
Office, 55 Wall St, N Y
New York
Equitable Trust Co, N Y
Nat’ Bk
of
Com’,
St
Louis
July 1894 paid July 1 ’93
i
Nov 1 1912
Dec 1907 coup last paid
None ever paid
Central Trust Co, N Y
I
do
do
In July 1910 paid 2%
Central Trust Co, N Y
New York Trust Co, N Y
Equitable Trust Co, N Y
do
do
do
do
do
do
Gross, $9,831,480; net, $2,381,888
July 1 to June 30.
11908-09
Gross, 8,773,395; net, 2,143,259
REPORT.—For year ending Dec. 31 1909, In V. 90
p. 972, showing,
.
.
$9,136,286;
$2,027,004;expend.,
other Inc.,
$30,831;bal.,
charges.
$1,161,574;
Sross,
net. extraord’y
>v. (5%).
$730,307;
$150,000;
surp., $15,954.
—(V. 90. p. 915, 972. 978, 1426.)
VERA CRUZ & ISTH. RR.—See p.166. VERA CR.TERM.—V.01.p.465.
VERA CRUZ & PACIFIC RR.—See Vera Crus A Isthmus RR., p. 164.
VERMONT & MASSACHUSETTS RR.—Road. Fitchburg to Green¬
field. Mass., 56 miles of double track; branch, 3 miles.
Leased to Fitch¬
burg RR. for 999 years at 6% on stock.—(V. 79, p. 2589 )
VERMONT VALLEY RR.—See page 166.
VICKSBURG SHREVEPORT & PACIFIC RY.—Delta. La., on Mis¬
sissippi River, via Shreveport, to Texas Une, 188 mUes. Of this, 17 miles,
Shreveport to Texas State Line, is leased to Mo. Kan A Tex. till July 1925.
Successor In 1901 to RR., foreclosed.
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 6s and $255,000 for future need*.
Car trusts, $80,764 (4Hs), due semi-ann. to April 1 1913. V. 83. p. 1344.
DIVIDENDS.—On pref. stock 1902 to 1907, 5% yearly; 1908, none.
1909 and ’10, 5%; on com., 1903, 2>£%; ’04, 3%; ’05, 2%; ’06 to ’10. none.
EARNINGS.—2 mos.,/1910
Gross, $252,882; net, $82,522
July 1 to Aug. 31.
\ 1909
Gross,
60.470
211,322; net,
Report for 1908-09 In V. 89, p. 1595.
Year—
1909-10
1908-09.
*
From sur.
Gross.
1
$1,418,312
1,367,111
paid yearly 5%
on
Net.
Other Inc.
Interest. Bal., surp.
$308,039
$91,935 $235,687 *$164,287
275,592
67.285
215,538
*109,330
pref. ($107,140) —V. 89, p. 1595.)
VIRGINIA AIR LINE RY.—Lindsay to Strathmore, Va., 30 miles;
C. A O. trackage, 5 m.
Stock, common, $400,000; pref. 5% non-cum.,
$100,000; aU acquired by Ches. A Ohio in 1909.
Bonds, see table above~
—(V. 89, p. 722.)
VIRGINIA CAROLINA RY.—VIRGINIA & CAROLINA SOU. RY.—
VIRGINIA & S.
l.R
RY.—See
V
“
page 166.
VIRGINIAN RAILWAY.—(See Map).—The main line of the road ex¬
tends from Deepwater, on the Kanawha River, In West Virginia, to Sewell’s
Point, on Hampton Roads, near Norfolk, Va.. a distance of 442 miles.
Trains are running over the entire line.
The electrically equipped
coal-loading pier at Sewell’s Point was finished about Apr. l ’09 and the road
began fuU operation July 1 1909 See V. 88. p. 102. winding Gulf Branch
Mullins, W. Va., to Pemberton, about 25 miles, was completed June 1910.
V. 88, p. 565.
Additional branches, total about 45 miles, are proposed.
Successor April 1907 of Tidewater and Deepwater railways.
See V. 84, p.
627; V. 78, p. 1962; V. 81, p. 1551; V. 83. p. 436; V. 84, p. 1249; V. 88, p.102.
STOCK.—Auth., $36,000,000; Issued, $34,245,000; par $100. The rail¬
way Is built on modern lines and In the most substantial manner. The main
traffic Is coal and lumber, but the country Is described as rich In farm land,
which should afford a diversified traffic, garden and farm products, Ac. The
road taps the Pocahontas and New River coal fields, and forms “the short¬
est possible route to tidewater over the lowest grades.”
From Princeton,
the main coal-gathering yard, 350 miles west of Sewell’s Point, the eastbound grade does not exceed 0.2 of 1%, or 10 H ft. per mile, except for a
9-mile section over the Allegheny Mountains, where the maximum grade
is 0.6 of 1 %. or 32 ft. per mile; on this section a pusher will be used.
One
locomotive will haul 80 loaded 50-ton coal cars, or 4,000 tons of coal per train.
FINANCES.—The only securities In the hands of the public are $17,000,000 Tidewater Co. 6% notes (see below), and these are secured by pledge
not only of all bonds Issued on main line of the system, but of $10,000,000 of
other income-producing securities and by the guaranty of Henry H. Rogers
of the Standard Oil Co., who, with associates, financed the enterprise.
BONDS.—The first 5s are Issuable as foUows: $33,500,000 for the con¬
struction of the line from Deepwater to Sewell’s Point, 442 m., single track,
with passing tracks about one mile in length on an average of each six
miles.
Further bonds may be Issued for new construction, under restric¬
tions provided In the mtge.; about $1,250,000 have been or will be Issued
for Winding Gulf branch.
V. 84, p. 1368; V. 88, p. 626.
The Virginian Terminal Ry. 5s cover the Sewell’s Point terminals,
which comprise 600 acres of land,with a water front of over 3,000 feet; of the
auth. Issue of $10,000,000, guar. prln. A lnt. by the Virginian Ry., $3,000,000 will be Issued for the construction now contracted for, the remaining
$7,000,000 being reserved for future additions.
V. 84, p. 1184.
The $499,000 stock of the Va. Term. Ry. Co. Is owned by the Virginian Ry.
NOTES.—The $17,000,000 Tidewater Co. "first lien 6% 5-year notes,"
vuo by
uy xtcmnoDu
DJTOUfTuX out May i1908
Redmond oc
Co.,• guarautf?
guaranteed unconditionally,
brought
A vO•
principal and Interest, by Henry H. Rogers, are coi
convertible at par at
option of holder Into Virginian Railway first mortgage) bonds up to April 1
tn 30 days, of notloe
1913 (or, in case of notes called for redemption witnlr
of such call) and are redeemable at 101 and Interest when drawn by
lot.
They are secured through deposit by the guarantor of Income-pro¬
ducing bonds and stocks having an aggregate market value reported as
—Titles during tne last year yielded an Income
$10,000,000, which securltl
of over $700,000.
In addition, the notes are further secured by deposit of
Virginian Ry. 1st mtge. bonds and Virginian Terminal Ry. 1st mtge. bonds,
covering the entire main line of road, terminals, Ac., as issued for construc¬
tion.
On Aug. 9 1910 $33,500,000 of the railway and $2,372,000 terminal
bonds were deposited. Upon final completion of the system as above, there
will be deposited as collateral to the $17,000,000 of notes a total of $33,500,000 Virginian Ry. and $3,000,000 Term. Ry. 1st M. bonds, In addition to
the $10,000,000 of other Income-producing securities. V. 86, p. 1286, 1531.
**Equipment trust first lien 5% gold notes,” Series ”A,” auth. and out¬
standing $3,187,000, brought out Nov. 1908 by Redmond A Co. (V. 87. p.
1480), mature In series from May 1 1909 to May 11918, $188,000 each May 1
and 3187,000 each Nov. 1.
Redeemable as a whole on any lnt. day at 105>
and lnt. on 60 days’ notice.
Secured under trust deed providing for the
purchase by the company of about 49 locomotives, 43 passenger coaches,_
-
over
■
__
_
•
^
.
Oct..
RAILWAY STOCKS AND BONDS
1910.)
RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
Miles
Road
W ’iash RR (Conti)—Equip bonds sink fund N.-.c&r
do
do
Series A due $42,000 MAN
do Ser B $43,000 or $44,000 due semi-ann—CPi
—...
Equip bonds part due seml-ann
Ser 0 (see V 82, p 1408) $300,000 due s-a red 101..
Three-year notes $5,000,000 sold extended red par.
Kan City Exo So A Nor mtge g guar (V 70, p 2607)
Columbia A St Louis $300,000 cold guar p 4b 1—SSt
Q
Wadley Southern—First mortgage g red 105
Wallkul Valley—Stock 3H% guaranteed.
First mortgage (formerly 7s) guaranteed
Second mortgage Income 3H% guaranteed
'Warren (N J)—Stock 7% perpetual guar D L & W .
First ref mtge $2,000,000 gold guar p 4b l-..F.c*Ar
Date
Bonds
Par
Value
1001
$1,000
1,000
1,000
1904
1004
1907
1006
1910
1001
1002
1006
0
22
00
500
1,000
1,000
12,000,000 3K&4 g F
720.000
4H« F
5 g
F
660.000
ft
ft
ft
A Feb 1 1045
A Feb 1 1047
A Aug 1 1030
Washington ft New York
U S Tr Co. N Y; ft Balt
Mercantile Trust Co, N Y
9,641,600 5 In 1010
6
104.000
5 4b 6
900,000
6
90,000
1,600,000
1,355,000
1.070.000 3 H
750,000
1.304.000
4
50,000,000
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
O Oct 1
D June 1
J July 1
N May 1
12361
Grand Cent Station, N Y
ft
ft
ft
O Apr 1 1090
O Apr 21026
O Oct 1 1918
B A O Off, 2 Wall St, N Y
40
1,000 4bc
1,000
1,000
1881
1882
1896
1806
1896
1896
1000
1885
1 Co
RR
1890
1006
1888
1,000
1,000
1,000
1,000
1,000
1,000
1,000 4bO
&4f
l1
1.000
1,000
3.943.000
1,000,000
1.543.000
1,000
affording a margin of security of 20%.
OFFICERS.—President, Urban H. Broughton; Vlce-Pres. and General
Mgr., Raymond Du Puy, Norfolk, Va.: Sec. and Treaa., James Clarke. 55
York.—(V. 80, p. 287, 1224; V. 01, p. 215,1006.)
WABASH CHESTER & WESTERN RR.—See page 166.
YA11 St., New
WABASH-PITTSBUROH TERMINAL RY.—(See Map of Wabash RR.)
—Owns road extending from connection with Wheeling ft Lake Erie RR.
near Jewett, O., easterly to Pittsburgh. Pa., about 60 miles opened
July 2 1904; also extensive terminals at Pittsburgh and majority of stock
of wheeling ft Lake Erie (which see).
V. 78, p. 1008, 2386, 2443; V. 82,
p. 570.
Stock. $10,000,000, all owned by Wabash
In September 1004 acquired the entire $14,000,000 stock of Pittsburgh
Terminal RR. ft Coal Co. (see a preceding page).
This stock and $3,800,000 of said company's consols are pledged to secure Wabash RR. 4H%
notes of 1905.
V. 80, p. 1364; V. 70, p. 1024, 2087; V. 80, p. 1232, 1364,
1729.
The Terminal Co. owns $1,065,000 of the $1,080,000 stock of
West Side Belt, (bonds out $383,000).
See Pitts. Tam. RR. 4b Coal.
On May 20 1008 F. H. Skelding and Henry W. McMaster were appointed
receivers, there being $6,873,500 promissory notes and purchase money
mortgages outstanding, $418,586 past-due interest and $278,600 audited
V. 86, p. 1410; V. 87, p. 679.
In Sept. 1008 foreclosure was
begun under 1st mtge. V. 87, p. 616.
On Oct. 1 1010 there were outstanding $1,308,772 6% receiver’s certifi¬
cates In addition to $615,000 West Side Belt certificates—see Pitts. Termi¬
nal RR. ft Coal Co.) due. $875,000 Nov. 1 1010; $433,772 March 11 1911.
aooounts.
On Sept. 30 1910 $074,211 additional ctfs. were auth. to refund the $875,000
ctfs. due Nov. 1 1910 and for Improvements.
All the Issues rank ahead
of the 1st M. bonds, except that the $433,772 due March 11 1911 have a
first lien on the equip, obtained therewith.
91.
V.
p. 946,1097.
First Mortgage Bondholders* Committee.—A committee (J. N. Wallace.
Chairman; Central Trust Co.. New York, depositary) In June 1908 requested
deposits. In July 1910 about 05% of the bonds other than the $6,000,000
held by the Wabash RR. had been deposited.
V. 86, p. 1346, 1411; V. 87,
p. 168, 286, 546, 679; V. 88. p. 159; V. 01, p. 1027.
Another committee (James C. Chaplin, Pittsburgh, chairman; Wm. C.
Taylor, 37 Wall St., secretary; Columbia Tr. Co., N. Y., depositary), repre¬
senting upwards of $600,000 of the 1st M. 4s, In July 1010 requested de-
§osits
and701,the046;
Wallace
certfs. of deposit; V. 01, p.
of bonds
77, 308,
39, 215,
V. 00,committee
p. 1103, 1556.
Suits, V. 91, p. 655, 718, 701, 046. In Oct. 1010 negotiations for a set¬
tlement with the Wabash RR. were In progress.
V. 01, p. 1027.
Second Mortgage Committee.—Alex. J. Hemphill, Chairman; (Guar. Trust
Co.. N. Y.. depositary). More than a majority of bonds deposited. V. 86,
p. 1411, 1531; V. 87. p. 348, 1421.)
BONDS.—Both classes cover 60 miles of road owned, Pittsburgh ter¬
minals and new bridge over Monongahela River, and. further, by deposit
of a controlling Interest in the Wheeling ft Lake Erie, vis.: $11,870,000
$6,423,800 second preferred and $847,500 first preferred stock;
and also by a traffic and trackage agreement with the Wheeling ft Lake Erie
and Wabash (abandoned by the receivers by permission of the court), under
which the latter two companies pledged 25% of their gross earnings from
traffic Interchanged to meet any deficiency of Interest and contract with
V. 80, p. 1231, 2221; V. 00. p. 1103.
EARNINGS.—2 mos.,\1910_.
Gross, $156,964; net, $51,747
July 1 to Aug. 31.
jlOOO.i.
Gross, 134,177; net, 50,731
For 12 mos. ending June 30 1910, gross, $743,568, against $719,543 In
1808-09; net, $189,151, against $211,804.
Carnegie Steel Co.
046,1027.1097.)
WABASH RAILROAD.
[See Map.)—Embraces lines as follows, vis.:
Owns East of Mist. River.
Owns West of Miss. River.
Miles.
Miles.
Toledo, O., to East Hannibal,
Moberly to Ottumwa, la
131
536
Camp Pt. and Elvaston, Ill..
Salisbury to Glasgow, la., Ac..
Decatur, Ill., to E. St. Louis.. 110 Des Moines to Moulton, la
Juno, near Chicago to Effingham
Brunswick, Mo., to Council
and Altamont. Ill
216
Bluffs, la. (Inct. 41 m. leased)
Streator to Falrbury
31 Exoelslor Spr. to Mllw. Juno
Edwardsvllle Branch
8
Total owned and leased
Delrey, near Detroit, to Butler. 110
.2,046
Trackage, Ac.
Montpelier, O., on line to De¬
troit, to Clarke Junction, near
Chicago to Clarke Junction.... 18
Chicago
150 Moberiy to Hannibal
70
Attica to Covington
15 East Hannibal to Quincy
17
7
short lines to Quincy, De¬
Champaign to Sidney
12
Toledo to Montpelier, O
50
troit, fto
34
New Haven to Butler, Ind._—
26 Other lines
54
Owns West of Miss. River.
Windsor, Ont., to Buffalo
275
St. Louis to near Kansas City.. 275 (Grand Trunk Ry., V. 66, p. 812.)
si
Centralia to Columbia, Mo
21
St. L. Levee to Ferguson, Mo..
11
Grand total July 1010
2,515
Also owns entire $10,000,000 stock of Wabash-Plttsburgh Terminal
Ry., 60 miles, which holds a majority of stock of Wheeling ft Lake
Erie Ry., 472 miles.
See those companies.
HISTORY, fto.—Successor in 1880 to Wabash St. Louis ft Pacific, fore¬
closed.
Mo. Pac. system July 1 1009 owned $11,326,200 pf. stk., $2,826,200]oom. stock and $2,013,200 1st ref. and exten. bonds. V. 78, p. 1110.
Debentures deposited under ref. mtge. are kept alive; also their voting power
LEASE.—Entrance to Chicago Is over Chlo. ft West. Indiana, of whose
stock this company owns $1,000,000 (dividends, 1806-09 , 6% yearly.)
STOCK.—Auth., com., $159,500,000; pref., 7% non-cum., $40,500,000;
...
.
Issued, com.. $53,180,200; pref., $30,189,200. Par of shares, $100.
BONDS, fto.—In 1906 there was created, per plan V. 83, p. 437, 626, an
Issue of 4% “first refunding and extension'* bonds, limited to $200,000,000;
$5,000,000 were Issuable at once, $21,862,500 to retire the debentures
and $62,877, 000 Is reserved to refund or retire the existing bonds, piromand equipment obligations.
The balanoe ($1104160. 500)
N Y, Portland ft Boston
1005
1007
1002
34
132
p.
11954
1 1030
2,500,000
378,000
1,500 steel coal and 2,100 other freight cars, on which an Initial cash pay¬
h*.Balance sheet Feb. 29 1908, V. 86, p. 1526.—(V. 01,
J Jan
J Jan
1,000
1,000
50
ment of $750,000 has been made,
common.
ft
ft
1004
1890
Central ft Pittsburgh—See
Western Ma ryland
159
mtje^g_.MeBa.c*
-
J
J
See text
130
19
470
Coa
New York Trust Co, N Y
Bankers* Trust Co, N Y
Colonial Trust Co, Plttsb
S Mch 1 1921
N To Nov 1914
To Deo 1914
To Oct 1 1914
To July 1 1916
N May 1 1013
Jan
J
1 1028
N May 11042
J July 11026
Q—F Nov 1910 H%
J
ft
J July 11017
MAS Sept 1 1017
A 15 ft O Oct 15 *10 3K
F
ft A Aug 1 2000
Q—M Mch 1 1948
1,000
50
50
Places Where Interest and
Dividends are Payable 4
4b
4b
4b
4b
4b
4b
4b
4b
ft
500 4bo
70
11
320
320
829
320
Last Dividend
and Maturity
M
M
J
A
J
M
J
M
J
$1.900,000
204,000
391,000
598,000
3,708,000
5.000,000
100,000
200,000
1000
1808
i
West Side Belt RR. Plttsb—See Plttsb Terminal RR
West Virginia
West Virginia ft.Pi ttsburjh—First
ooo g... .a
West Virciinia Midland—First mtge
1st M g guar by 0 Ga and Ga RR..C*
Western (Ala)
Payable
330,000
250,000
330,000
1,800,000
1,304,000
1,853,000
_
...
When
%
1,000
1,000
41
Woodstown 4b Swedesboro first mortgage
.c*
West Jersey 4b S S first cons M Series A gold s f._c*
Gold Series B $1,500,000 gold
c*
Gold Series O ft D ($009,000 Series C $Ks)...o*
Gold Series E
Certificates of indebtedness held by Penn RR
West Shore—First 1C gu p 4b 1 end by N Y O—Un.cftr;
Rate
1877
1877
33
18
18
130
Central—First mtge gold $15,000 pm.K
& Columbia River—Sec Northern Pacific
Co—First M g gu (end) red (text)..Ce.c*
ft Franklin—1st 1C $475,000 g lnt rent..r
Ohio ft Western-—See Southern Ry
Wash Ter—1st M g gu ($2,000,000 4s) (text). Us.xo* 4br
Wash ft Vandem—1st M $1,500,000 g gu p&l.SBa.o*
Weath Min WeUs ft Nor—1st M gu p *1 end (text) .N
West Chester—See Pennsylvania RR
West Jersey ft Seashore—■^Common stock($10,000,000)
Special guaranteed stock (lnolud $63,050 W J RR)
Camden 4b Atl cons M ($650,000 5s; bal 6s coupon).
1,000
Amount
Outstanding
100
~33
Washington
Washington
Washington
Washington
Washington
1,000
133
A
A
4 H g A
(5) 4 g
5 g
July
July
July
July
Philadelphia, Pa
*10 ZH% Broad St Station, Phlla
do
do
1910 3%
do
do
1011
Camden
Safe
1012
Depft Tr Co
Broad St Station, Phlla
1 1036
do
do
1 1936
do
do
11036
do
do
1 1036
July 1 1011
Jan
Lee.Hlgglnson ft Co.Bost
Central Trust Co, N Y
Office, St Louis
Office, 165 B’way, N Y
Guaranty Trust Co, N Y
Grand Cent Station, N Y
do
do
do
do
Del Lack ft W RR N Y
do
do
Manhattan Trust Co, NY
Guaranty Trust Co, N Y
Guaranty Trust Co, N Y
of the bonds Is to be used only for betterments, development, extension and
All of the
Seriesbeen
A and
all exceptto$1,277,000
of the
Sutpment.
$3,590,000 had
6,500,000 Series
B debentures
exchanged
July 1010
tor
new 4s, Series A receiving, per $1,000, $705 in new 4s, $580 in pref. stock
and $580 in com., and each $1,000 “B” bond $720 in new 4s, $520 in pref.
stock and $520 In com.
V. 83, p. 1591; V. 84, p. 52. 222,1115; V. 85. p.
285, 1271; V. 86. p. 1665.
Abstracts of the mortgages
of 1880 were In V. 40, p. 270-273.
Interest—
^OO. *07- 09. *00-*04. *05. *06. *07. *08 *00. 1010.
**A” bonds (%)
l
0
6 y’ly.
0
0
6
3
6
6
**B” bonds (%)
0
0
0
0
0
1124
Detroit A Chicago Baton, mtge. ($3,500,000); abstract. V. 54, p. 1049.
Des Moines Division bonds of 1890, see V. 68, p. 574; V. 69. p. 1248.
A sinking fund now requires $150,000 equipment 5s of 1901 annually:
after 1016 $200,000 yearly.
V. 72. p. 185, 582, 822; V. 73, p. 567.
Col. ft St. L. RR., V. 73, p. 338, 786,1012; V. 74, p. 1040; V. 75. p. 686.
The $10,000,000 terminal gold bonds of 1004 are Issuable to aoqulre
from time to time additional terminals at St. Louis and Kansas City, Mo..
Chicago and Quincy. Ill., Toledo, O., Detroit, Mich., fto. V. 76, p. 436.,
753, 1032; V. 81. p 1437; V. 82. p. 570; V. 83. p 1236; V. 64. p. 007.
The $5,000,000 4 H% notes dated May 1 1005, extended to May 1 1912,
are secured
by pledge of $5,000,000 Wabash ref. 4s, $5,000,000 notes of
Wabash-Plttsburgh Term. Ry. (secured by Pitts. RR. Term, ft Coal stock
and bonds) and other collateral.
See list, V. 00, p. 015.
.
EARNINGS.—2 mos.,/1910.
Gross, $5,101,406; net, $1,571,606
July 1 to Aug. 31.
11009
Gross, 4,862,532; net, 1,644,700
REPORT.—Annual meeting at St. Louis second Tuesday In September.
Report for 1900-10 In V. 91, p. 1020.
Year ending June 30—
1909.
1008.
1010.
Average mileage
2,515
2,515
2,515
Gross earnings..
$28,886,056 $25,668,033 $25,740,074
Net earnings
7,110,840
8,340,833
6,896,326
From rent of tracks, fto
874,172
1,137,445
878,504
Total net Income
$9,224,005 $8,248,294 $7,774,830
Taxes
$851,324
$809,637
$727,470
Track, bridge rent, additions, Ac...
2,884,774
2,566,304
2,402,143
Interest on bonds
*3,672,189
*4,291,612
*4,058,351
Dividend on “A” debentures
(6%)210,000(6%)210,000(3%)105,000
Dividend on “B” debentures
(4%)1,060,000(2%)530,000(1%)265,000
Balance, surplus
*
or
deficit
sur.$545,719 def.$159,259 sur.$216,866
The Interest on first refunding and extension bonds, $799,360 In 1007OS and in 1006-07 $383,160 (to July 1 1907), was charged against profit and
loss, to which was also credited dividends received on Series *'A’rand "B”
debentures owned. $328,550 in 1007-08 and $411,001 In 1906-07.
In
1009-10 and 1908-09 “Interest on bonds” Includes full Interest on the out¬
standing “first and extension” bonds, less Interest reverting to company as
owner of major portion of debenture bonds.
See V. 91, p. 1020.’
OFFICERS.—Chairman, E. T. Jeffary; Pres., Frederlo A. Delano;
Gen. Mgr., Henry Miller; Treas., F. L. O’Leary; Sec., J. C. Otteson.
Directors—Thomas H. Hubbard. E. T. Jeffery, R. M. Gallaway, Edgar
T. Welles. George J. Gould, S. C. Reynolds, John T. Terry, J. J. Slocum,
Winslow S. Pierce, Jay Gould, R. C. Clowry, W. H. Blodgett and F. A.
Delano.
Office, 165 B’way, N. Y.—(V. 91, p. 277, 652, 1020.)
RR.—See page
WASHINGTON TERMINAL CO.—Owns union station at Massachusetts
Ave., Washington, D. C., with terminal and approaches; opened Oct. 27
1007.
V. 85, p. 1144.
The Phlla. Balt, ft Wash, (Penn. RR. system) and
the Balt, ft Ohio own the outstanding $4,122,000 stock (autn. amount
$5,000,000) and guarantee the bonds, of which $10,000,000 bearing $H%
lnt. was sold in April 1005. $311,000 4s Feb. 1909 and the remaining $1,680,000 (48) In July 1009. V. 80, p. 1073; V. 76, p. 812, 504: Y. 77. p.
252; V. 80, p. 652,1176,1364; V. 85, p. 42; V. 89, p. 44.
Form of guaranty,
Y*
P-1368.
ft Ohio
Other tenants. Southern Ry., Wash. South. Ry. and Ches.
Ry.—(V. 80. p. 44. 1543.)
WEATHERFORD MINERAL WELLS & NORTHW. RY.—See p. 166.
WEST JERSEY & SEA SHORE RR.—(See Map Pennsylvania RR.)—
Owns all the lines on the Pennsylvania system In Southern New Jersey,
Including Camden, opp. Philadelphia, to Atlantlo City (59 miles), Camden
to Cape May. 82 miles, fto., total, $21 miles.
V. 62, p. 366, 871. Of this.
Camden to Atlantic City, with branch, total about 75 miles. Is equipped
electrically. Has traffic agreement with Atlantlo City ft Shore (electric)
RR. and option to purchase majority of Its $1,000,000 stock between May 1
1913 and May 1 1918.
V. 85, p. 162; Y. 86, p. 1220.
STOCK.—Penn RR. held Jan. 1 1910 $4,006,000.
DIVIDENDS.—Common Sept. 1896 to March 1005, Inch, 5% yearly;
then to 1907, Incl., 6% yearly; 1908, 4%; 1909, 4 H%; 1910, 5% (A.ft.O.)
BONDS.—First consol, mtge. Is for $7,000,000. of which $1,090,000
reserved for prior lien bonds when due, $750,000 4s having been sold Oot.
1009 to redeem the $750,000 West Jersey 6s due Nov. 1 1009.
Y. 62,
p. 1179; Y. 84, p. 160; Y. 80, p. 095.
EARNINGS.—8 mos.,f1010
.Gross, $4,367,883; net, $1,067,855
Jan. 1 to Aug. 31.
11900
Gross, 3,981,483; net, 1,117,055
REPORT.—Report for 1009 was In V. 90. p. 1359.
Years ending Dec. 31—
1009.
1008.
1007.
1006.
Gross earnings
Net earnings....
.....$5,542,101
1,428.12*
$5,114,888
1,170,300
$5,654,004
$5,206,284
1.228.864
1,249.870
In 1909, other Income, $50,656; lnt. on funded debt, rentals, taxes, fto.,
$725,973; dlvs. at 4 Yx% on com. (and 6% on special guar.) call for $440,112
extraordinary exp., $277,788: bal,. sur., $34,011.—(Y. 00 p. 1359.)
...
134
RAILWY
STOCKS
AND
BONDS.
[Vol.
Oct., 1910.]
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
Miles
Road
[For abbreviations. Ac., see notes on first page]
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
Western Maryland—
■
Pref stock 4% non-cum $10,000,000 red conv text.
$10,000,000 See text
1st mtg $50,000,000 g-Me.xc* Ar
(text) 1902
4 g
$1,000 42,518,000
1909
Equip certs due semi-an red 102 H (V. 88, p. 55)..
5
1,000
458,000
West Va Cent 8s P 1st M g $3,600,000 as’mMMp.c*
132 1881
6 g
1,000
3,250,000
Piedmont 8s Cumberland 1st M sold assumed—Me
29 1886
5 g
1,000
650,000
Coal 8s Iron Ry 1st M gassum(v 71, p 1166) _Me.Ba
45 1900
5 g
1,000
1,000.000
Potomac Val 1st M $2,000,000 g assum. -MeBa.c* 8sr
31
1891
5 g
1.000
1,300,000
Lines Leased (x) and Controlled by Ownership of all (y) or Majori ty (z) Of S lock,—See st atement
3
1879
500
6
xy Balt 8s Cumb Val Ry 1st mtg Interest rental.,
48,500
5
1879
100 Ac
xy Balt 8s Cumb Val RR 1st mtge Interest rental.,
72,800
60
x BaltACum Val RR Ext stk gu ($270,000 car 7%)
50
5A7
390,600
First mortgage Interest rental
27
1881
Ba
6
1,000
230,000
xz Balt 8s Harrisburg Ry mortgage gold..MeBa.c*
66
1886
5 g
1,000
690,000
—
xy Balt 8s Harrisburg Ry W Ext gold guar.MeBa.c*
Western NY* Penn—1st M ($10,000,000) g.-Me.c*
General mortgage $10,000,000 gold
Un.c*
Income bonds $10,000,000 gold non-cum..FP.c*
Western Pacific—1st M $50,000,000 g red 105 Eq.c* 8sr
Second mtge $25,000,000 gold s f redeem par
Ce
Western Pennsylvania—See Pennsylvania RR.
Wheeling ft Lake Erie—Receiver's certificates
Receiver's certificates extended In 1910
do
do
($373,000 due March 1911)..
do
do
$1,429,000
do
do
$188,500
First mortgage Lake Erie Dlv gold
Me.c*
First M Wheeling Dlv $ 8s £ (2d on 187 m) g-.Ce.c*
Extension and tmprov’t M ($1,900,000) gola._Ce.c*
First consol mortgage gold $15,000,000
Me.c*
General mortgage $35,000,000 gold
Ce.c*8sr
Notes gold secured by $12,000,000 4s
N
Car trusts July 1910 payable seml-ann 8s annually
Equipment bonds $2,500,000 gold 8 f (see text) ..Me
Equipment trust notes gold
Wheeling Term—1st M $2,000,000 g s f guar p 8s l.c8sr
White ft Black River Valley—1st M g int guar_.F.c*
15
600
600
927
—
187
50
260
451
«»«»«»«»
10
62
1888
1887
1895
1895
1903
1908
1908
1903
1909
1909
1910
1886
1888
1889
1899
1905
1905
1902
1904
1900
1900
1,000
1,000
1,000
1,000
240,000
9,990.000
10,000,000
10,000,000
49,925,000
1,000 Ac
1,000
25,000,000
107.350
5
5
4
5
5
5
g
g
g
g
g
6
1,429.000
188,500
2,000,000
894,000
409,000
11,697,000
1,000
1,000
1,000
1,000
1,000
See text
8,000.000
116,500
1,798,000
1,000
1,000
387,000
1,566,000
600,000
1,000
1,000
Last Dividend
and Maturity
When
Payable
Q —J
A
J
J
A
A
A
A
A
A
Oct 20’10. 1%
O Oct 1 1952
J Jan *ll-Jan *19
J July 1 1911
F
A:Aug 11911
A1 Aug 1 1920
F
J
J Jan 1 1941
of each c ompany.
A
J
J July 1 1929
J
A
J July 1 1929
J
A
J July 1 1910
A
J
J July 1 1931
M A N Nov 1 1936
M
A
N May 1 1938
A
J
J Jan 1 1937
A
A
O Apr 1 1943
Nov 1
Apr 1 1943
M A
s Sep 1 1933
J
A
J July 1 1952
Places Where Interest and
Dividends
are
Payable
Office. 120 B’way, N Y
New York
Mercantile Trust Co, N Y
Mercantile Tr Co, N Y
do
do
Merc Tr 8s Dep Co, Balt
Maryland Nat Bk, Balto
do
do
do
do
do
do
do
do
do
do
do
do
New York Trust Co, N Y
do
do
Fidel Trust—When earn
New York 8s San Fran
New York
July 1 1911
Nov 1 1910
234,000
1,802.000
135
6
6
6
5 gf
5 g
5 g
4 g
4 g
5 g
5
5 g
4U or
4 g
5g
Mch-May 1911
June 1 1911
Jan 1 1912
A
A
o Oct 1 1926
J
A
J July 1 1928
A
A Feb 1 1930
F
M A
S Sep 1 1949
A
A Aug 1 1955
F
A Aug 1 1908
F
A
To Nov 1914
A
J
J Jan 1 1922
Vurlnua
To Dec 1914
A
F
A Aug 1 1940
A
J June 30 1980
J
Mercantile Trust Co, N Y
Central Trust Co, N Y
do
do
Mercantile Trust Co, N Y
See text
Various
Jan *10 coup paid wh do*
Various
Office, Pittsburgh
First National Bank, N Y
A
WEST SHORE RR.—(See Maps N. Y. Central A Hudson River.)—Weehawken, N. J., opposite N. Y. City, to Buffalo, N. Y., with branches,
436 miles; Syr. Ont. 8s N. Y. RR. (owned), Syracuse to Earlvllle. 43 m.
Between Utica and Syracuse is being equipped electrically.
LEASE.—Leased in 1885 for 475 years to the New York Central 8b
Hudson River and all earnings, Ac., included In that company’s report.
The 310,000,000 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 mtge. In V. 42, p. 176.—(V. 68. p. 332.)
WEST VIRGINIA & PITTSBURGH RY.—See page 166.
WESTERN (THE) RY. OP ALABAMA.—Selma to West Point. 132 m
Georgia RR. and Cent, of Georgia each own half the $3,000,000 stock.
DIVIDENDS.—1*94-*96. *97. *98. *99. *00. *01! *02-*06. *07. *08. *09 '10
Per cent
J 2 y’ly
3
0
5
4
2
4 y’ly
5
5
5
5
For year ending June 30 1908, gross, $1,143,550; net, $257,638; other
Income, $28,760; charges, Ac., $135,686; diva., $150,000.—(V. 82, p. 336.)
WESTERN MARYLAND RY.—
Lines Owned—(390.7 m.)
Miles.
Lines Leased—(150.8 m.)
Balt. 8b Cumb. Val. (3 cos.)
Balt. 8b Harrisburg (3 cos.)
Maryland division, Balto., via
Hagerstown & Wmsport. to
Cumberland, Md
171.0 Washington 8b Franklin
West Va. dlv., Maryland to BelTrackage In Baltimore
mgton and Durbin. W. Va.,
Miles.
*34.1
*97.6
*19.1
2.7
with branches
218.6
(• See this Co.)
Total Jan. 1 1910 (also 38.69 m. 2d 8b 216.53 m. side, Ac., track).. 543.1
Through West Va. Cent. 8b Pitts., acquired 135,000 acres of bituminous
ooal lands. 23 mining1 plants, 823 coke ovens. 8bc.
In 1907 acquired stock of George’s Creek 8b Cumberland. Cumberland to
Lonaoonlng, Md., 21 miles, with4 branches; total, 33miles (V. 88, p. 1003;
V 90, p. 772.)
In May 1910 began building an 87-mlle connecting line (of which 18 X
under charter of Georges Creek 8b Cumberland and 68 H under that of Connellsville 8b State Line RR.) with the Pitts. 8b Lake Erie, with which a 99year traffic agreement was made from a point 2 miles west of Cumberland,
Md., to Connellsvllle. Pa. V. 90, p. 238, 850, 1297, 1364.
ORGANIZATION.—Incorporated Dec. 1 1909 as successor per plan
V. 89, p. 287, to the Western Maryland Railroad, foreclosed Nov. 19 1909
subject to first mortgage of 1902. V. 89, p. 1484, 1142, 1349.
The holders of the $10,000,000 old gen. Uen bonds received par for princi¬
pal In the new pref. stock and $8.36 in new com. stock for unpaid overdue
coupons, incl. that of Oct. 1 1909. with int. thereon, and also nad the right
to subscribe for 50% of their holdings in new com. stock at 40 (see below).
A bankers* syndicate purchased $20,685,400 of the new oom stock to
provide the $8,274,160 cash required to retire the temporary obligations
new property, betterments and Improvements, and further outlays to be
for
made therefor in exoess of $600,000, and offered the general lien bond¬
holders the right to subscribe for 50% of their holdings, 1. e., $5,000,000
new stock, at 40, or $2,000,000, and to the holders of the old com. stock
($15,685,400), 100% in new common stock on payment of 40% thereof, or
$6,274,160 In cash.
STOCK—Pref. stock*
non-cum.
4%, $10,000,000, all outstanding. Is
Eref.
andandIn re-lssuable
liquidation and
convertible
at optionthe
of
olderboth
Into as to dividends
stock at par
such
without Increasing
com.
as
aggregate amount of stock and redeemable at company’s option at par.
Com. stock auth., $50,000,000; outstanding. $49,429,170, Incl. $25,469,670
which was underwritten and offered to stockholders pro rata at 50, payable
10% each April 5 and Oct. 1 1910, April 1 and Oct. 1 1911 and April 1 1912,
or optionally In full at any time, the proceeds of the stock to be used to con¬
struct the 85-mlle road from a point 2 miles west of
Cumberland, Md., to
Connellsvllle. Pa. V. 90, p. 850, 628, 448; V. 91, p. 338.
DIVIDENDS.—1st quar. dlv. on pref.. 1 %, paid Apr. 20 1910; July, 1 % ;
Oct., 1 %.
BONDS.—The 1st M. Is a direct 1st lien on 157 miles, a direct 2nd
Uen on 227 m. add’l, and also covers
practically all the stock of proprietary
and leased cos. owning 131 mUes of road, subject to $1,281,500 under¬
lying bonds, making a total of 522 miles covered; also covers coal and coke
properties. V. 75. p. 550, 850; V. 79. p. 1024; see V. 79, p. 2692. and
V. 81, p. 266: V. 80, p. 473. 1914; V. 81. p. 614; V. 83, p. 273; V. 89,
p. 666.
RAILROAD EARNINGS.11910
Gross, $1,337,698; net, $528,391
2 mos. July 1 to Aug. 31/1909
Gross, 1,122,655; net, 428,821
For 6 mos. ending June 30 1910, net after taxes
$1,510,240; agst. $921,570
In 1909; other income, $296,694; Int. and
rentals. $1,138,937; pref. dlv.
(quar.), 2%, $200,000; bal., sur $467,995. V. 91, p. 1097.
REPORT.—Report for year 1906-07 was In V. 85. p. 1266.
Year ending June 30— 1908-09.
1907-08.
1906-07.
1905-06.
Gross earnings
$5,952,696 $5,648,278 $5,600,455 $4,802,094
Net earnings over taxes.. 2,048,967
1.873,180
1,870,477
1,696,411
Interest on deposits, Ac.
119,917
120,374
110,397
82,072
,
JNct income,
railways—$2,168,884
Profits, ooal, Ao.. depts.
430,011
$2,{
Interest on bonds
$2,043,220
Rentals leased Unes, Ac.
175,821
Interest on loans
122,433
Other deductions.
232,430
me
~^i
$1,993,554
502,020
$1,980,874
674,677
$1,778,483
$2,495,575
$2,264,893
$2,655,551
$2,227,142
107,069
310,376
$2,498,527
$1,966,846
171,553
108,619
144,931
336,830
108,911
$24,991 df. $359,990
720,044
Balance, deficit.
$792,499 $1,554,390
—(V. 88. p. 1063,1123; V. 89, p. 105; V. 90, p. 978,1103,1483.)
the $233,940 coupons on the first consols and $139,970 for taxes. V. 87,
p. 416, 616; V. 88, p. 626.
On April 17 1909 $1,429,000 2-year 6% receiv¬
ers’ certfs. were auth. for improvements.
V." 88, p. 750, 1063; V. 89, p.
1544.
On Nov. 17 1908 $1,859,000 of 6% receivers’ certfs. were authorized
redeemable at any time after one year.
V. 87, p. 1359. In July 1910 per¬
mission was given to Issue $188,500 certificates to complete the Sugar Creek
A Northern RR.; also to extend for one year the $107,350 certificates due
July 1 and for 2 mos. the $234,000 due Sept. 1 1910. V. 91, p. 216. In
Sept. 1908 foreclosure was begun under gen. mtge. V. 90, b. 1536.
In June ’08 Brown Bros. A Co. and Maitland, Coppell A Co. requested
1st consol. M. bondholders to communicate with them.
V. 86, p. 1591.
Committee for Equipment Bonds Due 1922.—F J. Llsman, Chairman:
Wm. G. Edinburg, Sec.; Columbia Tr. Co., N. Y., depos.;V. 87, p. 166.
PLAN.—The preliminary reorganization plan proposed In Jan. 1910
(V. 90, p. 169) providing for consolidation with the Wabash-Plttsburgh
Term. Ry. and the relinquishment of control by the Wabash, was aban¬
It Is expected a new plan, providing for separate reorganization,
doned.
will be formulated shortly.
BONDS.—Mtge. of 1899, see application to list, V. 71, p. 34, 542; V. 72,
534, 628; V. 74. p. 1040; V. 77. p. 2392.
Equipment bonds of 1902 may be purchased at not exceeding 105 and In¬
terest or drawn by lot at 108 and Interest (or the sinking fund may be applied
to the purchase of additional equipment) to the following amounts: $100,000
yearly to Jan. 1 1909, then $100,000. $125,000, $150,000 and $175,000
yearly for each successive period of 4 years. V. 74, p. 578.
p.
The stockholders in 1905 authorized $35,000,000 4% bonds, of which
$12,000,000 were pledged to secure $8,000,000 notes sold for double track
and other improvements and equipment.
The notes not being met at ma¬
turity, on Aug. 1 1908, were purchased by a syndicate. V. 81, p. 669,
778; V. 83, p. 1287; V. 87, p. 286, 348.
LATEST EARNINGS.—/1910
$10,964
$251,509
$392,244
WESTERN PACIFIC R Y.—(See Map Denver A Rio Grande.)—Salt Lake
City, Utah, to Oakland (San Francisco), with branches, 927 miles; operation
for (some) freight begun In Dec. 1909.
Through passenger business was
begun Aug. 22 1910. V. 91, p. 216, 590, 523. The Denv. A Rio Gr. owns
two-thirds of stock and agrees to meet any deficiency In earnings to provide
Interest on bonds.
V. 80, p. 1730; V. 91, p. 590.
Stock authorized, $75,000,000; par of shares, $100; V. 81, p. 728.
Bonds,
$49,925,000, have been sold; see table above; sink, fund, $50,000 yearly,
beginning Sept. 1910. V. 78, p. 1168; V. 80, p. 1480; V. 81, p. 32; V. 86,
p. 12877v. 87. p. 40, 286; V. 88, p. 102, 565, 1063, 1130.
The $25,000,000
2d mtge. bonds, which were purchased by Den. A Rio Grande to
complete
the road, are deposited under Its “first and refunding” mtge.
V. 86, p.
1227; V. 87, p. 741; V. 90, p. 848.
Pres., E. T. Jeffery; V.-P., T. M. SchUrmacher.—(VT89. p. 995,1143,1224,1544; V. 90. p. 772; V. 91, p. 216, 590.)
WHEELING ft LAKE ERIE RR.- (See Map of Wabash RR.)- Includes:
Lines owned—
Miles.
Miles,
Toledo, O.. to Martin's Ferry
212 Cleveland Belt
6
Cleveland to Zanesville, O
144 Various branches owned.,
76
to
Canton
Sherrodsvllle
45 Branch oper., perp. lease...
21
Toledo Belt Line
5|
Total July 30 1910
513
HISTORY.—Organized In 1899, per plan In V. 66, p. 1142; V. 68, p. 830.
STOCK.—Common, $20,000,000; 1st pref., 4% non-cum., $4,986,900;
2d pref., 4% non-cum., $11,993,500.
Par, $100. Wabash-Plttsburgh
Terminal Ry. owns $11,870,000 oommon, $6,423,800 2d pref. and $847,500
1st pref. stock.
V. 78, p. 2386, 2444.
Owns majority of stock of the Pitts. Wheeling A Lake Erie Coal Co.,
leased in 1901 for ten years to Other parties.
V. 88, p. 749, 104; V. 89,
p. 995.
Controls Sugar Creek A Northern (cut-off), Bolivar to Orrvllle.
22 miles.
V. 89, p. 227.
The Pittsburgh Lisbon A Western, New Galilee, Pa., to Lisbon, O., and
Salem to WashlngtonvUle, O., 7 miles, Is owned, but operated separately.
•It has outstanding $150,000 5% bonds due July 1 1926, red. at 105, and
$838,000 1st 50-yr. 4s due Deo. 1 1952. Bowling Green Tr. Co., N. Y.. trust.
RECEIVERSHIP.—On June 8 1908 B. A. Worthington was appointed
receiver.
V. 86, p. 1469.
On Aug. 7 1908 $364,000 2-year 6% receiver's
certificates were authorized, and In Sept. $233,940 to pay
the Sept. 1908
coupons on the first consols and In Mch. 1909 $373,000 6% certfs. to pay
Gross, $1,968,008; net, $1,568,106
July 1 to Sept. 30.\1909
Gross, 1,264,313; net, 482,241
REPORT.—For year ending June 301910 In V. 91, p. 712. In 1909-10 of
v. fg]
rev.
fght., products of mines furnished 67.58% (bituminous ooal, 44.09%).
Fiscal
Gross
Net (Over
Other
Mtg.Bond
other
Balance,’
Year— Earnings.
Income.
Taxes).
Interest.
Deduc. Sur. or Def.
1909-10.$6,950.437 $1,912,878 $32,297 $633,030 $773,694 BUT.$537,451
1908-09. 5,633,645
1,172,591 dr.25,685
321,110 798.364 SUT. 27.432
1907-08. 5,397,001
846,714
160,186 1,033,030 577,797 det.603.927
3 mos.,
—(V. 90, p. 628, 700, 772, 850, 916, 1297, 1364; V. 91. p. 277, 338, 1097.)
WESTERN NEW YORK ft PENNSYLVANIA RY.—(See Map
Pennsyl¬
vania RR.)—Owns Buffalo to Emporium, Pa., 118 miles; Buffalo
to Oil
Olty. Pa.. 136 miles; Oil City to Olean, 110 mUes; Stoneboro to Mahonlngtown, 37 mUes; branches. Including
proprietary lines, 198 mUes; total owned,
697 miles; trackage. 63 miles; total,
650 miles.
ORGANIZATION.—Reorganization Moh. 18 1895 (per plan In **Supplement” of Jan. 1895) of the Railroad. foreclosed Feb. 5 1895.
In 1900 the Penn. RR. purchased $19,402,686 of the $20,000,000 stock at
$9 per share (par $50), $9,165,000 ino. bonds at $300 per bond, and leases
the road for 20 years from Aug. 1 1903, subject to termination on 60 days*
notice.
V. 75. p. 1255.
As to reorganization rumors, see V. 89, p. 105.
BONDS.—Abstract of 1st M. in V. 47, p. 109.
Dec. 31 1909, $395,000
iaoome bond were In the treasury.
Mortgages and ground rents, $562,428*
ANNUAL REPORT.—Report for 1909 was In V. 90. p. 1483.
Years ending Dec. 31—
1909.
1908.
1907.
Gross earnings
$7,794,613 $7,240,235 $9,287,414
Net earnings after taxes
$1,005,908
$310,129 $1,414,530
Interest on first mortgage
499,500
499,500
499,500
Int. on gen. mtge. (see above)
400,000
400,000
400,000
Car trusts and other Interest
503,018
447,268
494,532
Miscellaneous and extraordinary
395,889
451,639
412,742
136
RAILWAY STOCKS AND BONDS.
[Voi.. LXXXXI.
Oct.. 1910.
RAILWAY STOCKS AND BONDS.
Miles
Road
RAILROAD COMPANIES
see notes on first page]
[For abbreviations, Ac.,
Date
Bonds
Par
Value
White Pa** & Yukon—Stock £1,700,000
Cons 1st M deb stk red after 1920
110
Mortgage debentures (navigation bonds) redeem 105
Wichita Falls & Northw—First M g red 105.FC.xcAr
Pan Handle Dlv 1st Hen collat tr M gold s f__FC.c
Wichita Falls ft So—1st M £780,000 g gu p Al s f .FC.o*
Wilkes-Barre ft Scranton—Stock 5% rental-.-.
First
.
.
153
58
52
4.37
4.37
11
47
.
mortgage gold guar p & 1 by L C & N Co____
William* Valley—First mtge £120,000 authorized....
Williamsport & Nor Br—First mtge £750,000 g-FP.c*
Wilmington Columbia & Augusta—See Atlantic Coast Line
Willmar & Sioux Falls—See Great Northern
88
Wilmington & Northern—1st M call In 1907 lnt guar.r
General mtge £1.000,000 gold p & 1 guar(end) .PeP.r
88
RR
Wilmington & Weldon—See Atlantic Coast Line
Winona Bridge—First mtge gold s f redeem atll0_.F
1.03
Winston-Salem Southbound—-See Norfolk & Western
Wisconsin Cent Ry—Pref stk 4% n-c £12,500,000 auth
First general mortgage
All
Us.c*
Marsh & SE Dlv first mtge gold sub] to call 105. Us
33
160
Sup A Dul Dlv A Term M £7,500,000 g (text)-Us.c*
Chicago Wise & Minn first mtge gold assumed
122,
c*
Milwaukee A Lake Win first mtge gold assumed. _c*
66
First and ref M gold £60,000,000 auth
xc*Ax
Equipment trusts gold due £60,000 yearly
Mp
Car trusts various dates July 1910
Wisconsin & Michigan—First mtge gold £951,000.Mp
127
General mortgage gold (see text)
Wise Minn ft Pacific—First mtge (see text) g---Me.c*
271
Wisconsin & Northern—First M £10,000,000 g-Us.c*
Worcester Nashua A Rochester—Stock (£3,600,000).
94
mortgage of 1879
all equally
first)
se4(£511,000
f
due In
1913).{l
J
Wrightsv & Tennille—1st M s t g red 102 H beg *12.c*
Yosemite Short Line Ry—See Sierra Ry of California
Yosemite Valley—First mtge £3,000,000 gold s f
c*
cures
When
%
Payable
£1,375,000 2 in 1910
5
£746,702
6
£255,555
5
2,300,000
g
5 g
900,000
500
1,000
545,000
500
1,000
J
J
J
J
J
J
1887
1892
354,000
406,000
5
5 g
J
1,000
1890
1,000
384,000
5g
M
1899
1901
1906
1885
1882
1909
1902
1,000
1.000
1,000
1,000
1,000
£ A£
11,267,105 See text
4 g
23,947,000
4 g
405,000
4 g
7,500,000
6
776,000
6 g
604,000
4 g
2.500.000
5 g
175,000
1,279,932 4 A 4 H
1,000
5 g
1.305,585
1,000 V 81, p 1842
4 g
1,000
6,232.000
4_jp
78
A
A
A
A
A
A
May 1 1938
do
Tower City
Dec 1 1923
July 1 1931
S
Sept 1 1915
J
N
N
July 1 1949
May 1 1951
Oct
Reading Terminal. Phlla
do
209
May 1 1936
5g
J
4
Street Chlo
New York
Bank of Montreal
S Mch 1 1916
6 g
380,000
do
Adams
’10 2%
1
100,000
1.000
1,000
1.000
do
(Pa) Nat Bk
Fidelity Trust Co, Phlla
3.000,000
4 g
3,099,800 5H ln“l0
4 g
150,000
4
1,246,000
Payable
7 Moorgate St,Lon
Dec 31 1930
do
do
Jan 1 1930
Glyn, M,C & Co, London
Jan 1 1939
Eqult Tr Co. N Y A Chio
Jan 1 1925
New York and Chicago
Jan 1 1938
Eq Tr Co, N Y A Chicago
Dec 31 1909 5% 437 Chestnut St, Phlla
1,000
See text
100
1906
A
are
July 15 ’10 1% Office
1,000
1.000
Dividends
Aug 1 1932
Quar
M
M
J
A
J
Places Where Interest and
Maturity
D Dec 1 1927
A
Quar
J
M
and
J July 1 1912
O Apr 1 1959
J July 1 1912
Various To July 27 1916
A
J
J Jan 1 1945
A
A Feb 1 1955
F
A
A
O Oct 1 1950
J
A
J July 1 1932
A
J
J July 1 ’10 3%
A
J
J Jan 1 1935
J
A
J Jan 1913 A 1930
A
A
O Oct 1 1934
J
A
J Jan 1 1958
....
47 1905
47 1890-3
47 1894
104 1907
Last Dividend
780,000
500,000
500,000
120,000
50
m
1895
1905
1900
1907
-
...
Worcester A Nashua
_.
Rate
100
---
-
.
Amount
Outstanding
A
J
A
J
A
J
A
J
A
J
5 g
A
J
5
Dec 31
4H g M A N
5
A
J
D
A
J
4H g J
1,000
1,000
1,000
1888
1903
1901
RR.
...
-
£10
£10 Ac
£100
1900
1901
1909
1910
1908
.
137
A
J Jan
A
1 1936
See text
New York
J P Morgan A
New York
American Trust
do
do
do
Co, N Y
Co, Boat
do
do
do
Tennille, Ga
Mech Trust Co, San Frao
r
Interest on bonds In 1909-10 includes lnt. on consol. M. bonds for entire
year, against 4 months only In 1908-09. lnt. for remaining 8 months In
latter year having been paid from proceeds of receiver’s ctfs.
“Other de¬
ductions” In 1909-10 Include, In addition to lnt. on equipment obligations,
lnt. and discount, and rents for road and equipment, the
foUowlng: lnt. on
Extension from Ladysmith to Superior, included above, 115
miles, was
opened Jan. 4 1909; further extension to Duluth opened Jan. 3 1910.
V. 81, p. 1263; V. 82, p. 1324; V. 83, p. 986; V. 88.
p. 102.
ORGANIZATION.—Successor July 1899 of Wisconsin Cent. Co., fore¬
closed per plan V. 68, p. 725; V. 69, p. 29, 133; V. 70, p. 434.
In Jan. 1909
Minn. St. Paul A S. S. M. acquired 51% of common stock,
affording that
road a Chicago connection, the road being leased for 99
years from April 1
receiver’s ctfs., £234,112; discount on receiver’s ctfs., £14,280, and
equip¬
obligations paid by receiver, £245,000.
OFFICERS.—Chairman of Board, Myron T. Herrick, Cleveland; Pres.,
Edwin Gould. New York; Sec. and Treas., H. B. Henson, New York.
DIRECTORS.—E. T. Jeffery, Edwin Gould, R. C. Clowry, Klngdon
Gould, Alvin W. Krech and W. E. Connor of New York; Myron T. Herrick,
Geoige A. Garretson, E. W. Oglebay, H. P. McIntosh, B. A. Worthington
and W. M. Duncan of Cleveland; and C. M. Spltzer. F. J. Reynolds and
S. C. Reynolds of Toledo. O.—(V. 91, p. 40, 96, 216, 712.
WHEELING TERMINAL RY.—Owns a railway bridgeat Wheeling, W.
Va., and about 10 miles of terminal track.
Successor of wheeling Bridge A
Terminal Ry., foreclosed In 1900.
STOCK.—£2,000,000, all owned by
ment
1909, and most of the preferred stock exchanged for Minn. St. P. A S. S. M.
leased line certificates, secured by deposit of Wise. Cent.
pref. stock, on
which 4% dlvs. are paid.
V. 88, p. 159, 232, 566, 626, 750, 1003* 1439;
V. 89, p. 780.
STOCK.—Stock, authorized,
common, £17,500,000; pref., 4% non£12,500,000. Outstanding, common, £16,146,767; pref., £11,267,105;
of 8hares, £100. After 4 % dividends on both classes shaU have been
paid in any year, both shaU participate equaUy In any further dividends
for such year.
The preferred has the right to elect a majority of the
directors on failure for two successive years to receive
4% per annum.
DIVIDENDS.—First dlv. on pref., 4% for the year, paid 1% Dec. 23
1908 and 1% each on Mch. 11 and July 15 and Oct. 15 1909.
On June 15
1910 2% out of surplus prior to Jan. 1 1910; Oct. 1, 2%. V.
90, p. 1364.
BONDS.—The 1st gen. gold 4s of 1899 are secured by a
mtge. upon al*
the lines of railway, terminals, equlpm’t and other
property acquired^ there¬
by, and also by deposit of all securities owned or acquired under the plan.
Of the generals, up to June 1910 £1,534,000 were
purchased In the open mar¬
ket and canceled.
V. 75, p. 734, 1204; V. 77, p. 1236; V. 86,
p. 1591.
The Superior A Duluth Division 6s Term. 4s are limited to
£7,500,000,
the present amount outstanding; they cover the road from
Owen, Wls.,
via Superior to Duluth, Minn., 160 mUes, and terminals at both
Superior
and Duluth.
V. 82. p. 806, 930, 1103; V. 83, p.
986; V. 84, p. 1429; V.
85, p. 532; V. 86. p. 1411; V. 88, p, 824.
There are also £62,000 Dickin¬
son equipment trust 6s due £24,000 yearly to AprU 1 1913.
The directors in March 1909 authorized a “first and
refunding” mtge.
to secure an issue of bonds Umlted to £60,000,000, of which
£36,459,000
Is reserved to refund existing bonds and equipment
obligations and the re¬
mainder for general purposes;
Empire Trust Co., N. Y., trustee; £2,500,000
have been sold.
V. 88, p. 687, 824, 884; V. 89, p. 44, 1069.
cum.,
par
.
Pennsylvania Company, which guarantees principal and Interest of bonds,
of which £400,000 are reserved for additions and improvements; mtge.
trustee. Commercial Trust Co. of Phlla.
Form of guaranty, V. 76, p. 655.
Penn. RR. on Jan. 1 1910 owned £1,263,000 bonds.
Dividends, 2% paid In
1906 and 1907. Cal. year 1909, gross, £38,490; op. def., £34,622;other Income
£108,684; charges, £71,275; bal., sur., £2,787. Sec., S. B. Liggett.—
(V. 76, p. 655.)
WHITE ft BLACK RIVER VALLEY RR.—Brinkley to Jacksonport,
Ark., 56 miles; Wivllle, Ark., to Gregory, 6 m.; total, 62 miles. Leased for
60 years from July 1 1900 to the Choctaw Oklahoma A Gulf RR. for
guar¬
anty of lnt., endorsed on bonds.
Stock auth., £1,875,000; paid In, £323,000.
Of the £600,000 bonds outstanding, £100,000 have coupons cut off
for the first 10 years and £200,000 are reserved for extension to BatesvlUe.
—(V. 72, p. 189; V. 90, p. 504.)
WHITE PASS ft YUKON RY.—See page 166.
WICHITA FALLS ft NORTHWESTERN RY.—(See Map.)—Owns from
Henrietta, Tex., to Elk City, Okla., 153 miles, and from Altus, Okla., to
WeUlngton, Tex., 58 m. This Includes the Wichita Falls Ry., Henrietta,
Tex., to Wichita Falls, 18 miles, all of whose securities are owned, operated
by Mo. Kan. A Texas Ry. under contract extending to Jan. 1 1930, pro¬
viding for division of rates. The extension from Altus, Okla., to WeUlng¬
ton, Tex., 58 miles, under the charters of the Altus Wichita FaUs A Hollis
Ry. and Wichita Falls A WeUlngton Ry., was completed Sept. 1910—see
BONDS below.
The Wichita Falls A Southern Ry., controlled by same In¬
terests, completed from Wichita FaUs to Newcastle, 52 miles. In Sept.1908.
Stock auth. and Issued, £1,000,000; par £100.
The 1st 5s of 1909 (£2,300,000, all Issued) are secured on 153 miles by direct 1st lien or deposit of
securities; sink. fd. of 1% payable seml-ann. V. 88, p. 1439. The Panhandle
Dlv. coll. tr. 5s of *10 are secured by first Hen on road between Altus. Okla.,
and WeUlngton, Tex., 58 miles, by deposit of aU the stocks and bonds Issued
by oompames comprising the division, and further by a lien on the main
line from Henrietta, Tex., to Elk City, Okla., 153 mUes,
subject to the
£2,300,000 outstanding bonds. V. 90, p. 700. Wlch. F. A So. bonds
(£780,000 outstanding) guar. p. A 1. by Wlch. Falls Ry and W. F. A
Northwestern, V. 88, p. 687, 884, 946.
VI
LATEST EARNINGS.—(1910
Gross, £117,967; net, £64,418
2 mos., July 1 to Aug. 31.\ 1909
Gross.
70,501; net,
42,256
For year ending June 30 1910, gross, £592,332; net after taxes. £370,235;
bond lnt., £115,000; bal., sur., £255,235.
In 1908-09, gross, £389,078;
net, £232,948.
Pres., Joseph A. Kemp; Vico-Pres., Gen. Man. and Purch.
Agent, Frank KeU; Sec. and Treas., Wiley Blair, Wichita FaUs, Tex.; Aud.,
M. M. Murray.—(V. 90, p. 448, 561, 700; V. 91, p.
465.
EARNINGS.—2 mos., /1910
July 1 to Aug. 31. 1
11909
REPORT.—Report for
Operating revenue
Oper. Income after taxes
Other Income
Total net Income
Interest, rentals, Ac
Balance, surplus
Wls...
Steven* Point to Portage City..
Neenah to Manitowoc t._
183
Other.branches....
153 Trackageto Chlcu. kln., Ac—.
...
34 Rugby toMUwaukee. Ac
71
”
37
TotAlJune 80191
15
23
1,038
£7,494,355
2,054,333
Increase.
55,669
34,467
£2,721,385
1,884,240
£2,088,800
1,640,757
£632,585
243,483
£837,145
£448,043
£250,826
£389,102
£399,361
substantlaUy paid dur¬
page
166.
page 166
WISCONSIN MINNESOTA ft PACIFIC RR.—(See Map Chicago Great
Western.)—Red Wing, Minn., to Mankato, 95.7 mUes; 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.
Stock, £5,893,400; aU owned by the Chicago
Great Western RR. (reorganized 00.), which company operates the road as
a part of Its system under an agreement dated
April 30 1901 made with the
old Ch. Gt. W. Ry. and assumed by It, running for 100 years,
providing
that all net earnings above Interest on bonds shall go to the Great
western,
to be held In trust for payment of future coupons.
This surplus on June 30
1909 amounted to £361,601, having been reduced £61,598.
V. 73, p. 566;
V. 91, p. 1027.
EARNINGS.—12 mos., /1908-09
Gross, £688,560; net, £193,369
July 1 to June 30.
11907-08
Gross,
619,083; net,
158,324
REPORT.—In 1907-08, gross, £619,083; net income, £181,152; lnt. and
taxes, £257,191; bal., def., £76,039.
Later earnings Included In those of
C. G. W, system.—(V. 84, p. 694; V. 91, p. 1027.)
..For year ending June 30 1910, gross, £140,408; net, £44,820; charges,
£35,681; bal., sur., £9,139. Pres., S. D. Townsend,
HmfhesvlUe, Pa.;
Sec. and Treas., F. W. Corcoran, N.
Y.—(V. 89, p. 780.)MU! JdtMM
Owenjto
Branch toSuperior^*.
Bessemer..
p. 787.
1908-09.
£1,367,476
611,382
21,202
WISCONSIN ft NORTHERN RR.—See
ble, £19,597.
to Nekoosa
£8,861,831
2,665,715
WISCONSIN ft MICHIGAN RY.—See
WILLIAMSPORT ft NORTH BRANCH RR.- -Hall’s to Satterfield, Pa.,
and branch, 47 hillcs; leases Eagles Mere RR., 10
mUes; total, 57 miles.
Stock (authorized. £2,000,000), common,
£923,950; preferred, £400,000;
par, £50.
In Sept. 1909 £150,250 preferred stock was purchased by new
parties. V. 89, p. 780. The 4)48 of 1901 cover the road and 3,000 acres
of coal lands In Sullivan County, Pa.,
£250,000 being reserved for extensions.
V. 72, p. 990, 1280.
Equipment trusts June 30 1910, £30,000; bills paya¬
33
82
1909rl0.
ing respective years shown—see V. 91, p. 788.
DIRECTORS.—Edmund Pennington, A. H. Bright, W. L. Martin, J. S.
Pillsbury, C. E. Wales and C. T. Jaffray, Minneapolis; Newman Erb, Leroy
W. Baldwin, New York; Sidney G. Courteen,
Milwaukee, Wls.; M. H.
BaUou, Menasha, Wls.; Wm. Irvine, Chippewa Falls, Wls.
OFFICERS.—Pres., Edmund Pennington, Minneapolis; V.-P., A. H
Bright, Minneapolis; Comp., C. W. Gardner, Minneapolis; Auditor, Rober
Toombs, Minneapolis; Treas., Chas. F. Clement, Minneapolis; Sec., G. W
Webster, Minneapolis; Asst. Sec., J. A. Millington, Milwaukee.—(V. 89
p. 44. 780, 995, 1065, 1069, 1143; V. 90. p. 504, 1364.)
WILLIAM'S VALLEY RR.—Brookslde to Lykens, Pa., 11.16 miles.
Stock authorized, £120,000;
outstanding, £90,000; par of shares, £50.
In April 1907 the Reading Co. obtained control.
V. 84, p. 933.
For year
1907-08, gross, £28,958; net, £1,444; charges, £8,467; bal., def.. £7,023.
—(V. 84, p. 933.)
i*-. *
Ohlo/toTYputBrook
Jet. .Wls __ 452 Marshfield
Abbotsford to Ashland,
ending June 30 1910 In V. 91,
Dividends on preferred
£650,187
Dividends paid out of accumulated surplus, but
WILKES-BARRE ft SCRANTON RY.—(See Map Reading System.)Owns from Scranton to Minooka Jet., Pa.. 4.37
m., of which 1H miles is
double track.
Leased from May 1 1888 to Lehigh Coal 6s Nav. Co. (which
holds aU the stock) during corporate existence less one
year, at £47,500
per annum and taxes.
Lease assigned to Central of N. J. at 6 % on cost of
road (£1,141,676) and taxes.
1 J
at
WILMINGTON ft NORTH. RR—WINONA BRIDGE.—See p.
1663TT*
WISCASSET WATER VILLE ft FARMINGTON.—See Issue of Jan. 1908.
WISCONSIN CENTRAL RAILWAY.—SYSTEM extends from
Chicago
to Ashland,. Wls., and Lake Superior Iron
mines; also to St. Paul and Minne¬
apolis and to Superior and Duluth.f By ear ferry oonnects with the Pere
Marquette and has a short line to the East. V. 63. p. 117. System lnoludes:
Miles.
Lines owned—
Miles.
%Z***d—
year
Gross, £1,617,726; net. £487,045
Gross,
1,448,279; net.
521,567
WORCESTER NASHUA ft ROCHESTER RR.—Owns from Worcester
via Nashua to Rochester, 94 miles.
Leased for 50 years from Jan. 1
1886 to the Boston A Maine; rental, £250,000 and taxes, which In
Sept. 1916
had purchased £1,771,100 of the stock.
V. 81, p. 1794; V. 90. p. 625.
4
DIVS.—\ ’94 to ’97. ’98. *99. ’00. ’01. *02. ’03. ’04. ’05 to ’09. 1910.
?
Per cent)
5 yearly. 5K 4H 4 5* 6 4H 5H 5H yearly 5H *
*
—V. 90, p. 625.
,
.
■
■■};•■
m,i
„
¥
-
WRIGHTSVILLE ft TENNILLE RR.—See page 166.
YOSEMITE VALLEY RR.—Merced. Cal., to the Yosemite
ftatidUafV
Park; 78 miles, completed May 16 1907. Stock,
£5,000,000, all outstaad«;n
tag; pur, £100.
Bonds (£3,000.000 authorized). V. 82. p. 511. faETrlft
84, p; 1553. For year ending June 30 1910, grass, 8238,562;net., SJ2*.
Pres., Frank G. Drum; Sec., Julius H, Bill*! 'Office. 704
WestCaaatfctf* >
Bldg.JSan Francisco, Cal.—(V. 85, p. 655.)
INDUSTRIAL AND MISCELLANEOUS COMPANIES.
Dale
Bonds
MISCELLANEOUS COMPANIES
[FOr abbreviations, Ac., see notes on first page]
Adams
Express—Stock—120,000 sh—par not fixed, treated
Me
trust mortgage gold.—
Collateral tn
........
Collateral trust distribution mortgage gold
S
Allis-Chalmers—Common stock 125.000 000
..------Pref 7% cum (as to as’ts A dlv) $25.000.000(V 74. p 1144)
Bullock (The) Elec Mfg pref stk(also as to assets) 6% cum
First M 415.000.000 gold sink fd red 110 beg 1916-AC.xc*
Alabama Consol Coal A Iron—Pref stock 7% cumulative. .
lst mtge red since May 1900 at 105 sinking fund —-—SSt
Consol collat mtge 53,500,000 (Incl $1,250,000 canceled) g.
Ref and lmpr’t 1st mtg $5,000,000 red 105 text
xc*
Amalgamated Copper—Stock $150,000,000
---------American Agrlcul Chemical Co—Stock common $20,000,000
Pref 0% cum (as to assets and dlv) $32,000,000........
1st mtg bds conv $12,000,000 red 103 since July ’09.c*Ar*
American Bank Note—See United Bank Note Corporation.
American Beet Sugar—Common stock 515.000,000
55,000,000--American Brake Shoe A Foundry—Com stock $5,000,000 au
Preferred stock 7% cumulative $5/000,000 (see text)—-.
First mortgage gold sinking fund redeemable (text)
Pref stk (also as to assets) 0% nou-cum
Par
Value
1898
1907
$100 $12,000,000 See text Q—M
Sept 1 *10. $3
12.000.000
4 g
MAS Mch 1 1948
24,000.000
4 g
J
A D June 1 1947
Mercantile Trust Co, N Y
Standard Trust Co, N Y
500 Ac
500 Ac
100
100
100
1,000
1901
1,000
430,000
1,000
1.741.000
1,000 NcneJan*io
100 153,887,900
100
1904
1908
100
100
1908
1,000 Ac
100
100
100
100
1902
1,000
100
100
100
100
100
100
unincorporated associa¬
Cash Divs. {since 1901)—
earnings
*02. ’03-07. *08.
$4 $4 y’ly. $4
4
4
4 y’ly.
2 y’ly.
_-
1909.
$4
8
1910.
111 (—)
2 2 2 (—)
__
$8 $10 y’ly. $8 $12 (6 s.a.)
ending June 30 1909, gross, $28,853,540; total net income
(Incl. $1,010,104 “other”), $2,859,667; charges, $198,424; dividends (10%),
$1,200,000; sur., $1,461,243.
Pres., Wm. M. Barrett.—V. 90, p. 448.
ALABAMA CONSOLIDATED COAL A IRON CO.—ORGANIZATION.
—Incorp. in N. J. July 18 1899. V. 82, p.391,694. In May 1910 control
passed to Scranton, Pa., parties. V. 90, p. 1492; V. 80, p. 653.
Total for year
ALBEMARLE A CHESAPEAKE CANAL CO.—See page 163.
ALLIS-CHALMERS CO.—ORGANIZATION.—Incorporated in N. J.
May 7 1901 to manufacture heavy engines, mining and other machinery,
V. 72, p. 874, 937, 990; V. 80, p. 1858; V. 81. p. 206; V. 82, p. 1440; official
statements, V. 83. p. 90; V. 74. p. 1144.
Owns com. stk. of Bullock Elec. Mfg. Co., the pref. stk. ($1,500,000 ahfh.)
being guaranteed 6% divs.. payable quar. V. 78, p. 1111, 2439; V. 80,
on
713; V. 81. p. 839,1101, 1494; V. 82, p. 1440. Litigation, V. 82, p. 453.
PREF. DIVS.—July 1901 to Feb. 1904, 7% yearly; none since.
BONDS.—Of the bonds ($15,000,000 auth.), stockholders in Aug. 1906
subscribed for $902,000 at 80 and $9,544,000 were sold to a syndicate for
additions and to provide additional working capital. They are to be can¬
celed In amounts Increasing yearly.
See V. 82, p. 1440, 1498, and V. 83,
p. 90, 157, 437, 023; and application to list, V. 87, p. 1031.
REPORT.—Fiscal year ends June 30.
Report for the year ending June
30 1909 was given in V. 89, p. 990, showing: Surplus over maintenance and
depreclat’n and lnt., $1,673,577; prof. A loss surp. June 30 1909.-$52l,429
Directors—E. D. Adams, Kemper K. Knapp, Wm. W. Allis, Wm. V. Kel¬
ley, Elbert H. Gary, Wm. A. Read, Cornelius Vanderbilt, Chas. Allis, Ste¬
p.
,
phen S. Palmer, Max Pam, Walter H. Whiteside, L. F. Bower, Henry Wood¬
land, Chas. MacVeagh, Alexander F. Banks and Herman W. Folk. Chair¬
man of Board, E. H. Gary; President, Walter H. Whiteside; 1st Vice-Presi¬
dent, L. F. Bower; 2d Vice-Pres, and Treas., Henry Woodland; 3d VIcePres. and Sec., W. W. Nichols; Comptroller, W. A. Thompson.
Office, 71
B’way, N. Y. General Offices, Milwaukee, Wis.—(V. of, p. 277.)
AMALGAMATED COPPER CO.—ORGANIZATION. ETC.—Incorpor¬
ated on April 27.1899 In N. J. and purch. control of companies that were
merged In 1910. See Anaconda Copper Mining Co. below.
DIVIDENDS.—11901. ’02. ’03. *04. ’05 ’06. '07. ’08. 1909.
1910.
Per cent
t 7H 2 H 2
241*7
7
2
2
2
REPORT for year ending April 30 1910 was In V. 90, p. 1550, showing
net Income, $5,963,968; divs. (2%), $3,077,758; bal.. sur., $2,886,210. Re¬
port of Anaconda Co. for cal. year 1909 was In V. 90, p. 1551.
Earns, of constit. cos. for year end. June 1 1910, V. 91, p. 210.
OFFICERS.—Pres., John D. Ryan; Sec. and Treas., A. H. Melin.
Directors: Wm. Rockefeller, BenJ. B. Thayer, John D. Ryan, John Bush-
nell, H. H. Rogers Jr., A. C. Burrage. J. Horace Harding, James Jourdan.
Office, 42 B’way, N. Y.—(V. 90. p. 700,1045.1426,1550; V. 91, p. 216.)
Anaconda Copper Mining Co.
Organisation.—Incorp. June 18 1895 In Montana as successor of Anaconda
Mining Co.
In 1910 merged, per plan V. 90, p. 305, 851, 1045, 1551,
various subsidiaries of the Amalgamated Copper Co., also the Red Metal
Mining Co. and Alice Gold A Silver Mining Co. (the last two being subsidi¬
aries of the Butte Coalition A Mining Co.). Properties acquired, V. 90,
p. 1551, 1046.
STOCK.—Increased In April 1910 from $30,000,000 to $150,000,000
(par $25), of which $105,500,000 outstanding, $75,500,000 new stock be¬
ing Issued to acquire new properties. Amalgamated Co. owns $76,875,000
Dividends paid Q.-J.
stock.
DIVIDENDS— / *00. ’01. ’02. ’03. ’04. ’05. '06. ’07. ’08. ’09. 1910.
Since 1899 (%)-..! 13
8
13
4
4
4
8 19X 26
8
8
REPORT.—Report for calendar year 1909, with bal. sheet, was In V. 90,
p. 1551 (also of allied cos. since consolidated), showing gross, $18,000,084;
net, $2,009,943; lnt. received, $124,830; divs. (8%). $2,400,000; bal..
def., $265,227.
OFFICERS.—Pres., B. B. Thayer; V.-P. and Treas., F. P. Addlcks;
V.-P., H. I. Meehan; Sec., C. F. Kelley, Butte, Mont.; Asst. Sec. and Asst.
Treas., A H. Melin.
General Office, Anaconda, Mont.
N. Y. office,
42 B’way.—(V. 90, p. 1364, 1551; V. 91, p. 216, 277, 655.)
AMERICAN AGRICULTURAL CHEMICAL CO.—ORGANIZATION.—
Incorporated In April 1899 in Connecticut under special charter. V. 68,
p. 974, and V. 72, p. 672; V. 73. p. 664; V 75, p. 241, 292, 440; V. 77, p. 399;
V. 83, p. 1230; V. 84, p. 272; V. 87, p 874.
See V. 71. d. 545. Potashsupplles, V. 89. p. 412, 1557; lnt. Ag. Chem. Corp.. V. 90. p. 630.
BONDS.—The 1st mtge. bonds ($12,000,000 authorized Issue; Columbia
Trust Co., N. Y.. trustee) are convertible Into pref. stock at pan $8,000,000
^
_
were
sold in 1908.
No further bonds can be lamed unless the net earn¬
for the previous fiscal year shall have been at least double the
ntereat charges on the amount of bonds outstanding, Including the addi¬
ings
10,991.500
15.000.000
6,000,000
3,600.000
4,000,000
857,000
41.233.300
41.233.300
30.000.000
30.000.000
6,000,000
3,000,000
Broadway, N Y
Feb 1 *04,1 H% 71 Broadway. N
Oct 1*10,D*% Cincinnati, Ohio
July 1 1936
Septl 5*07.1 H%
^
MAN May 1 1911
MAN May 1 1933
5 A I g MAN May 1 1958
2 In 1910
Nov 28 *10. X%
Q—F
text
19,029.400 6 In 1910 A
5
7.499.000
A
71
Y
Broadway. N Y
Checks mailed » 4,
71
,
St Louis Union Tr, St L
Internal Trust Co, Bal to
Windsor Trust Co, N Y
Cheeks mailed
6
Oct 15 *10. 3% Cheeks from Co's office
O Oct 1 1928
New York and Boston
A
A
6
Oct 1 *10.1)4% Checks mailed
Q—J
See text
Q—M
Oct 30*10,1)4% Checks mailed
7 in 1900
Q—M Oct 30*10,1 *4%
do
5 g
MAS Mch 1 1952
Farmers* L A Tr Co. N Y
5 In 1910
2 In 1910
7
Q—J
text
6 In 1909
Monthly
,
See
Q—J
Oct
Oct
Oct
Nov
Oct
*10,1 x% Checks mailed
*10. X% Guaranty Trust CO, N Y
do
do
*10,1 H%
19*10, 2% Royal Bldg, New York
1
1
1
-
do
1 *10.1)4%
do
REPORT.—Report for year end. June 30 1910 In V.S91, p. 586, showed
Total Income, $3,767,725; contingencies, reserves, Ac., $859,851; dlv. on
pref. (6%) $1,137,054; balance. $1,770,220.
*
Directors—Peter B. Bradley (Pres.), Wm. Prescott (1st V.-P.), Wm. W.
Baker (3d V.-P.), Thos. A. Doe (Treas.), Ross L. Coe, Geo. C.
Bingham.
A. B. Hepburn, W J. Brennan Samuel Carr, J. F. Kehoe, Gardiner M.
SZell ItorodlusE. Wheeler. h. l Dudley. Wm. H. Bowker
(Sec. A 3d V.-P.), D. Crawford Clark, F. L. Ames and Chas. W. Prlddy.
W. H. Detrick, Chas. B. Hobbs and J. A. Starrett.^Secretary Is Horace
Bowker.
N. Y. office; 2 Rector St.—(V. 91, p. 586. 791.)
...
REPORT.—Report for year ending Oct. 31 1907 In V. 80, p. 977. In
1907-08, net, $108,381, against $657,986 In 1900-07; bond Interest. $113,179;
bal., def., $4,798.
In 1900-07, gross sales, $2,585,542; net Income, $755,401; lnt., AC.. $396,523; pref. dlv. (7%). $87,500; bal., sur., $271,378.
OFFICERS.—Pres., J. H. Hoadley; Sec. and Treas., Wm. R. Sheldon.
New directors May 1910, V. 90, p. 1241.
Office, Birmingham, Ala.; N. Y.
office, 165 B’way.—(V. 90, p, 1241,1493; V. 91. p. 590.)
Payable
tional bonds to be Issued.
Sinking fund 3 H% annually of all bonds there¬
tofore Issued, whether outstanding or not. beginning Jan. 1 1910.aV.i87,
P. 741, 814, 874.
DIVIDENDS on pref. to Oct. 1910, 0% yearly (A. A O.).
AMERICAN BEET SUQAR CO.—Incorporated
For year
DIVIDENDS.—Div. on common, 1% paid Oct. 1903; none since.
On pref.. 1900 to Sept.1907, 7% yearly.
None sinoe to Oct. 1910.
BONDS.—Of the ref. and lmpt. bonds ($5,000,000 authorized Issue;
Windsor Trust Co., N. Y., trustee), 53,500,000 are ser. A 6s and $1,500,000
Ser. B 5s; of the bonds (callable at 105). $2,200,000 are reserved to retire the
old bonds; remainder for other purposes.
V. 88, p. 885,1004.
When
;
19.820,000
10,050,000 See text Q—F.
6
1,170.000
Q—J
11.148.000
5 g
J
A
J
1,250.000 See
Q—M
1900
tion formed In 1854, operating on about 37,000 miles of railroad. Incl. N. T.
N. H. A H., Penn;, Ches. A Ohio, Louis. A Nashv., Ch. B. A Q„ Ac.
BONDS.—In 1898 treasury securities were pledged with Mercantile Trust
Co. to secure (subject to prior Indemnification of shareholders from any
loss by reason of personal liability) $12,000,000 of 4% bonds.
These last
were then distributed. $100 bonds per share. V. 00, p. 470; V. 85, p. 1047.
In 1907 treasury securities were pledged to secure $24,000,000 collateral
trust distribution gold 4s, eaoh shareholder receiving $200 bonds per share.
Other earnings
Sale real estate (paid in Mch.)
%
Places Where interest and
Dividends are Payable
American Can—Common stock——........
...—
Preferred stock 7% cumulative
-------American Car A Foundry—Common stock $30,000,000...-Q
stock
Pref
(also as to assets) non-cum $30.000,000
Q
American Chicle—Stock common $0,000,000..............
Preferred stock 0% cumulative $3.000,000............
From express
Bate
Last Dividend
and Maturity
—
ADAMS EXPRESS.—ORGANIZATION.—An
Amount
Outstanding
on March 24 1899.
See
p. 1249; V, 88.
prospectus to V. 68. p. 280, 610; “Beet Sugar” Item.V. 09.
1250. Divs. on pref., Oct. 1899 to Oct. 1910, both Incl., 0% yearly
UH% Q -J.). In April 1909 the $910,000 remainder of the $5,000,000
pref. stock was sold. V. 88. p. 1004. The $3,000,000 0% certfs. of in¬
debtedness were called and paid June 1 1909; $1,260,000 bills payable were
outstanding Mch. 31 1910. V. 88, p. 1130, 1063; V. 90, p. 1360.
Ownsentlre stock of Las Animas Sugar Co., leased for 25 years from
Oct. 1 1908; rental. $80,000, equal to Interest on $1,000,000 6% bonds and
$20,000 yearly sinking fund. V. 80, p. 1222; V. 88. p. 1250.
Report for year ending March 31 1910, In V. 90, p. 1360, showed: Total
Inc., $7,009,644; net after deprec’n, Ac., $1,646,363; lnt., taxes, rentals,
Ac., $249,112; pref. dlv. (6%), $300,000; bal.. sur., $1,697,253.
Pres.,
H. RIeman Duval; Treas., J. E. Tucker, 32 Nassau St., N. Y.—(V. 90,
p. 1298. I860.)
p.
^
„
AMERICAN BRAKE SHOE & FOUNDRY
CO.—ORGANIZATION—
Incorp. in New Jersey on Jan. 29 1902. A consolidation of various cos.
V. 74, p. 579; V. 79, p. 2087; V. 90, p.- 238; application to list, V. 91, p. 212.
In May 1910 purchased Nat. Brake Shoe Co. and Featherstone Fdy. A
Machine Co. V. 90, p. 1240.
Manufactures about 150,000 tons of brake
shoes used
on steam and electric cars and steel castings.
STOCK.—In May 1910 stockholders were offered $1,008,000 new pref.
stock at 105, for acquisitions and working capital.
V. 90. p. 1240.
1 '03. *04. '05. *06.
DIVIDENDS—
1907." 1908 1909
1910
Common (%)
4
V 2
2
4
4
4 A1 ext.
5
Below.
Preferred (%)
In full to Oct. 1910; V. 91, p. 212.
Pref. Is entitled to all earnings after 7% on common. On common, 1910,
March, 1H% and X% extra; June, %X%: Oct. 1. 1 X%. V. 90, p. 1492.
BONDS.—Bonds may be drawn for a yearly sinking fund of $30,000,
payable June 1, beginning 1903, during 1st ten years at 110, 2d ten years
at 105, thereafter at par.
V. 70, p. 651,
EARNINGS.—For 6 months ending March 31 1910, gross, $2,654,581;
net, $568,302; bond lnt., $20,800; pref. dlv. (3)4%), $105,000; coni. dlv.
(3%), $76,750; bal., sur., $365,812.
REPORT.—For year ending Sept. 30 190$ (V. 91, p. 212), gross, $4,039.873; net, $875,772’ int., $42,121; pref. div. (7%), $210,000; com. dlv.
(5%). 1110.000; bal., sur.. $507,651.
OFFICERS.—Pres,, Otis H. Cutler; V.-P., Joseph D. Gallagher. Joseph
..
Henry C. Knox. Offlos,
.
91, p. 213.)
AMERICAN
CAN
CO.r—ORGANIZATION.«*
9P+
e*3f
» •
FVf
Of If
U6P«
l/OLI9ItlU|
T « Ov»
43, 056; V. 88. p. 1622. In 1907 plants were completed In New Orleans.
La., Savannah, Ga., and Newcastle. Pa. V. 85, p. 858; V. 88, p. 336, 422
V. 90, p. 504.
In March 1908 an Interest In the Sanitary Can Co., with $1,000,000 auth. stock, had been acquired. V. 88, p. 796.
Has arrangement
p.
With Goldschmidt Detlnnlng Co.
V. 88, p. 232, 373; V. 90, p. 371.
DIVIDENDS.—On pref., 2)4% Sept. 1903; 1904, 5% (A. A O.).* tlnoe
to Oct. 1910, Incl.. 5%^ yearly (Q.-J.).
,
Fiscal year now ends Dec. 31.
Report for 1900 in V. 90, p. 371, showed:
net* $2,750,151; dlv. on pref. (5%), $2,061,665; balance, surplus, $694,486.
Directors—D. G. Reid (Chairman), W.T. Graham (Pres.), F. S. Wheeler
(V.-P. A Treas.), F. Rudolph (V.-P.), R. H. Ismon (Sec. A Asst. Treas.),
W. H. Moore, F. L. Hine, Geo. G. McMurtry, E. C. Converse, R. L. Skofleld, Jas. MacLean, O. H. Bogue, H. W. Phelps, J.H. Moore and Geo.T.
Boggs. Office, 447 W. 14th St., N. Y.—(V. 90, p. 871 504, 029.)
AMERICAN CAR A FOUNDRY.—ORGANIZATION. ETC—Incorporated in New Jersey on Feb. 20 1899 as a consolidation. Manufac¬
tures freight and passenger cars of wood and steel.
V. 88, p. 280, 377.
1029; V. 71, p. 86. 545; V. 73, p. 958; V. 83, p. 1413; V. 84, p. 1553. ‘
DIVIDENDS.—1*00. *01-'02. ’03. ’04. *05. ’06. 07. ’08. *09.
1910.
2
1
0
%J 1
2 y’ly. 4
0
3
3
H% quar. to Oct. 1910, Inclusive.
REPORT year end. Apr. 30 1910 was In V. 91, p. 34, showing net earns.,
$4,089,478; aivs. on pref. stock (7%), $2,100,000; dlv. on com. (2%),
On common
On pref., 1
$600,000; surplus. $1,389,478.
DIRECTORS—W. K. Blxby, Frederick H. Eaton (Pres.), A. B.Hepburn
(1st V.-P. and Gen. Mgr.). S. S. De Lano (Treas.), Adolphus
Busch; T. H. West, J. M. Bulok (V.-P.), Geo. H. Russell, W. G. Oakman,
H. R. Duval, J. B. Haggln, W. H. Woodln (Asst, to Pres.), Gerald HOyt,
W. M. Hager (SeoJ, C. R. Woodln and W. N. McMillan.
N. Y. office.
165 B’way.—(V. 87r, p. 1480; V. 88, p. 827, 1615; V. 91, p. 84.)
E. F. Carry
AMERICAN CHICLE CO.—ORGANIZATION.—Incorp. In N. J.
on
me 2 1899, and consolidated che wing-gum
June
'
Interests.
In 1909 aoquired
control of tho Sen-Sen Chiclets Co., V.
v. 90,
,v, p. 238;
coo, V.
v. 08,
uo, p. 871,1130; V; 77.
.238.
SeeV.71,p.545.
p. 197; V. 83, p. 152; V 84, p. 160; V. 80. p. 230; V. 90, p
1001
1902
DIVIDENDS.— 1899 1900
Apr 1902-Oct. 1910
IX
9
8
12 yearly (1% monthly)
Common, reg—%
Jan., 2
do
extra.*. %
May’0« to Nov.10, l%bl-m.
Preferred
_% Oct. *99 to Oct. *10. 1X% quar. (6% per annum)
For 12 mos. ending Dec. 31 1909, profits, $1,530,000, against $1,658,000
In 1907; pref. div; (6%), $180,000; oommon dlv. (18%), $1,080,000; bal.,
sur , $270,000 In 1900, against $398,000 tn 1907.
V. 90, p. 238. .
...
—
Pres., Geo. H. Worthington; Sec. and Treav., H. Rowley. *Offioe, Royal
Bldg.. Fulton and William sts., N. Y.—(V. 86, p. 230; V. 90, p. 238.)
INDUSTRIAL STOCKS AND BONDS.
Ocr., 1910.]
if cii ’4 V
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on firsi pave]
Date
Bonds
Par
Value
WASH
Dividend
Payable
Maturity
Rate
Amount
Outstanding
Places Where Interest and
Dividends are Payable
4 g
ii AS15 Mch 15 ’U-»12
American Cigar—Gold notes guar prln A Int red at 102 %—.c 1901—2
$1,000 $10,000,000
American CO*i“’“^
4» Sts**** X m mv*+**h A *»
«# W A t* *
«*<*»"£» 4r m
25
1.500,000 6 in 1910] MAS Sept 1 1919, $%
(The) American Cotton OH—Commam stock U0.2S7.100
100 20.237.100 See text
A
D June 1*10, ZH%
Pref stock 6% non-cum sub to call at 165 $14.502,300
A D Junel *10, 3%
100 10,198,600 6 in 1909
c* 1890
Debentures, extended in 1900 (V 71, p 2374, 1010)
4 H m
Nov 1 1915
1.000
5,000,000
»<
100
American Diet Tel Co (of N J) -Stock $10,000,000 author.
9,909.851 4 in 1910
jiOet 29 *10. 1%
N Y Fire Prot 1st M gold int Ssffu red par(V 61. p 778) 1955
1,000
100,900
MAS Sept 1 1954
American District Telegraph of N Y—Stock $4,000.000
100
10 MAN Nov 15 *10,
3.844.700
American Express—Shares *—
Oct 1 •10. „
—.par not fixed, treate d as 100 18.000,000 ta in MO
American das & Elec—Common stock auth, $3,500,000
50
095.1 '10. IH%
2.500,000 See text
Q—J
Pref stock 6% cum auth $3.500,000
50
1,583 000 6 In 1910 « Q—F* Nov l '10, 1H
Collateral mtge $6,282,000 jr red text...
100 Ac
F A A Feb 11007'
5 g
6.282,000
i
S.xc* 1907
100
American Oraphopfcone Co-—Common stk $7,500,000 auth..
2.627.550 See text Q—M 15 Sept 15 ’07.1M
Preferred stock 7% non-cumulative $2,500,000.
100
Nov
16
2,095.630 See text Q—F 15
’08. 1H
Gold bonds $2,000,000 redeemable par..—
See text
100 Ac
N 1910
AD June 11930
J
•
•
—
w,
_
l»‘li
-—aatyTTMtC^gy
#83ol.W<S£ S ?
B§r.Jnr
.—Bottle*. i»5
Guardian Tr Co. N Y
_
.
Debentures convertible into
do
do
*.
preferred stock
v
common
•
98-’05
1906
1907
stock
Coupon notes convertible into common stock
*
American Hide A Leather—Common stock $17,500.000
Pref (also as to assets) 7% cum $17,500,900 (V 75, p 104)
1st mtg $10,000,000 g rink fd sub to call at U5-*..Ta.c*
American Ice Securities—Stock, all of one class, $20,000,000
Debentures $3,000,000 redeemable at par..
American Ice CO coll trust bonds raid ($5.000,000)
Ce
American Ice first and genl mtg gold redeem par. Kc. &r*
American Light A Traction—Common stock $15.000.000..
Pref stock 6% cum $25,000,000 auth (V 82, p 50, 279)..
Collateral trust gold notes convertible redeemable (text)..
100 Ac
100 Ac
100 Ac
100
100
1899
1,000
100
100
pref stock 1906 to 1909, 6% each; 1910, 6% (J. A J.). Reports for
1906 and 1909 not made public.
Report for calendar year 1907, V. 86,
p. 665, showed: Net, over charges. $1,887,098; pref. dlv., (6%) $600,000.
Pres,, Percival S. Hill. Office, 111 Fifth Ave., N. Y.—(V. 37, p. 1422.)
AMERICAN COAL.—Mines at Barton and Lon&conlng, Md.. and Poca¬
hontas region, W. Va. Inc. in Md.: re-lnc. in 1903 in N. J. V. 80. p. 118.
95. ’96. ’97. ’98. ’99. ’00. 1901 to 1909 1910.
7
8
8
9
10
9
10 yearly
6
of real estate and 25% *07 from sale of RR;y
For year ending Dec. 31 1908. net, $79,967; dividends (10%). $150,000.
Office, No. 1 Broadway.—(V. 84, p. 894; V. 90, p. 561.)
(THE) AMERICAN COTTON OIL CO.—Incorporated Oct. 14 1889 In
New Jersey
works In Southern cities, Ac., for making crude and re¬
fined cotton oil, lard, soap, fertilizers, Ac.
V. 77, p. 1872.
DIVIDS.— ) ’99. ’00. ’01. ’02. .03. ’04. *05. ’06. ’07.’08. ’09.
1910
4
IK
2
*6
J6% yearly to date.
I
*4
1
2
(x)
3
5
(Pool expired July 22 1905.)
June 2%
*
Inoludes 2% paid in the following June,
x From the earnings of
1908-07 4% was paid March 4 1908.
V. 85. p. 1210; V 88, p. 110.
REPORT.—Report for 1908-09 at length in V. 89.
p.
1278,1285, showed:
Profits, $2,937,400, after meeting exp. of administration, int., Ac.; int. on
deb. bonds, $225,000; bal., net income, $2,712,400; dividend on pref. (6%),
$611,916; div. on com. (5%), $1,011,855; bal., sur. for year, $1,088,829.
Profits year 1906-07, $2,592,263; ’07-08, $1,483,051; ’08-’09, $2,937,400.
OFFICERS.—Chairman of Board, Geo. A. Morrison; Pres., Robert F.
Munro: Sec. and Treas.. Justus E Ralph, 27 Beaver St., N. Y.
Transfer
Agents, Winslow, Lanier A Co.—(V. 89, p. 1484; V. 90, p. 374. 1241.)
AMERICAN DISTRICT TELEORAPH CO. (OF NEW JERSEY).—
ORGANIZATION.—Incorporated m New Jersey in Nov. 1901; operates
in most of the lane cities and towns in the U. 8.
Has 25-year contract
with the Western Union Telegraph Co. tor collection and delivery of mes¬
sages, and is also engaged In all kinds of electrical protective service.
V. 77,
p. 148: V. 81, p. 213.
Dividends in 1903, $«%: since to Oct. 1910,4%
yearly, Q.-J. See V. 78, p. 704. Bonds, $404,800, viz.: $334,000 5%
collateral trust bonds and ^Detroit trust”, $70,000.
Report tor year ending Dec. 31 1909 tn V. 90, p. 912, showed: Gross
earnings, $3,838,928; net, $882,149; divs. (4%), $398,496; bal.. sur.,
$483,653.
Pres., Robert C. Ciowry; Seo., I. B. Ferguson; Treas., A. R.
Brewer.—(V. 87, p. 344; V. 88. p. HI; V, 90, p. 448, 913.)
AMERICAN DISTRICT TELEGRAPH CO. OF NEW YORK.—Annual
report for year ending Dee. 31 1909 In V. 99. p. 912, showed: Gross, $549,225; net, $$4,584; div. (2%), $76,888; surplus, $7,676.
DIVID’DS.— ) ’93. *94. *95. *96. ’97. ’98. ’99. ’09. ’01. ’02 to Nov ’10.
(%)
J ZH 1
2
3
1
2
2H ZH 2%
2 yearly
Office, 6 Dey Street, New York City*—(V. 90, p. 304, 913.)
AMERICAN EXPRESS CO.—An ’* Association” formed under the laws
of New York State In 1850 and 1859. Not an Incorporated company.
Operated In Jan 1910 on 47,464 miles of railroad to the United States,
including Boston A Maine, the Vanderbilt lines, Illinois Central, Ac.; 6,022
miles in foreign countries and 136.180 miles of sea and ocean tines.
Be¬
gan April % 1910 to operate over Union Pacific, 7,000 miles. V. 90. p. 304.
DIVIDENDS.—1882 to 1901. 6% per annum: July 1901 to July 1906,
8% yearly, incl 2% from investments; In Oct. 1966 the rate was Increased
to 12% per annum, payable quar.. 6% oftbls to be from investments. REPORT.—For year ending June 30 1909, in V. 89, p. 1343, showed:
Gross, $31,909,721; net. $2,448,043; tot. and rentals, $1,375,173; charges,
$349,763; divs. (12%, tori. 6% from investments), $2,169,000; bal., sur.,
$1,313,453.
In 1907-08, gross, $30,548,643; net, $476,372. Total surplus
June 30 1909, $14,805,305.
Pres.. J. 6. Fargo: Treas., James F. Fargo.
65 Broadway.—(V. 90, p. 304, 374, 1241, 1364; V. 91, p. 591.) J
AMERICAN QAS 41 ELECTRIC CO.—ORGANIZATION.—Incorpor¬
ated to New York Deo. 24 1906 and acquired, per plan V. 83, p. 1349,1473.
1592, the holdings of the Electric Co. of America, which owned control of
electric light plants in a number of cities.
See official statement, V. 87,
&166V
ntrolled
?•by**,Electric
p. 438:Bond
V. 79,A Share
p. 106:Co.
V. of73,New
p. 289,
York.495; V.89,
DIVIDENDS.—On
_
com.
p. 227.
July 12 1910, 1%; Oct., 1X%.
BONDS.—The bon. trust 5s
are redeemable to Feb. 1912 at 110 and
V. 83. p. 1349. 1472; V. 86. p. 549. 1102, 1531.
Leading Bond Issues of Continued Companies.
thereafter at 105.
Authorised.
„
Issued.
Canton (O.) Electric Co. 5s..$2.600.000
Dated.
Compare.
$620,000 1907 V. $5. p. 223
662,000 1907 V. 86. p. 484
Rockford E.Co.lst A ref 5s.. 7.500.000
1,050.000 1909 V. 89, p. $30
Scranton (Pa.) Elec. Co. 5s..10,000,000
2,317,000
1907 V. 85, p. 808
Marion Light A Heating 5s.. 1 500.000
500.000
1907
Atlantic City (N. J.) Elec. 5s 5,000,000
1.000,000
1908
V. 86. p. 1102
EARNINGS.—Gross earnings operating companies for cal. year 1909,
gross, $2,482,204; net. $706,849; net expenses. $23,770; bond int., $314,100;
pref. dlv. (3%). $93,178; bal., sur., $275,801.
Chairman of the Board, S. Z. Mitchell; Pres., R. E. Breed; Sec. and Treas.,
F. B. Ball.
Office, 30 Church St., N. Y.—(V. 91, p. 791.)
Munrie(0.)El.Lt.Co.l8tgU.5s 1,500,000
Factories Bridgeport. Conn.. England and France.
STOCK, Ac.—After 7% on both stocks, they share ratably. Of the 6%
bonds of 1910 ($2,000,000 auth. Issue), sufficient are reserved to retire the
$100,000 Bridgeport real estate mtge., about $760,000 were exchangeable at
par tor the outstanding coupon notes and debentures and remainder were
offered to stockholders at 80* payable on, or before Oct. 1 1910.
DIVS.— ) ’97. ’98. ’99. ’00. 01. ’02. ’03. ’04. ’05. ’06. ’07. ’08.
P.
Preferred
Common
%\
7
7
7M
S
7«
7
7
7
7
7
7
7
None
%J
7 7H 8
6
0
0 .,$
'5 3M 0 since.
4
REPORT.—For year endtng Sept. 30 1908, in V. 88, p. 292, showed;
net Income. $2,537. against $994,851 to 1906-07; Interest. $91,145; malnt,
and depreo., $94,715; dividend on pref. (7%), $146,694; reserved for
depreciation, Ac., $188,276; balanoe, deficit, $518,293.
.
1908-,
9 9
F
2,346,000
10.339.300 See text
6
in
1910
14,236,200
6 g
A
few York ■*> :/'<■
tandard Trust Go, N Y
Office. 154 Nassau St,NY
2SL
do
.. f,
do
iW-
N Y Trust Co. N Y
R Winthrop A Co. N Y
„
do
do
dodo
TntstcSr&
A
America. N Y
Tr Ceof Am. Col Br, NY
1 1919
ks mailed
20 ’07, 1 H
__jkerboek«r Tr Co,NY
1 1925
Central Trust Co, N Y
1 1922
A Feb 1 1911-’14 Office, 1170 B’way.N.Y^
A
O See
-
13.200
$5,284,
p. 285;
86, V.
p. 110.
Amer.
Sm.V.stock.
72. p. V,
185,
937.V.
HavanaDivs.
1037;
73. p. Properties
958; V. 75.Incl.
p. 1255.
on
6
,
V.000
AMERICAN CIOAR €0.—The American Tobacco Co. owns majority of
the $10,000,000 com. and $10,000,000 •% cum. pref. stock, and guarantees
the 4% gold notes; see V. 7$, p. 1113; V. 78, p, 1393.
The Cigar Co. owns
majority of Havana Tobacco com. stock, also majority of Amer. Stogie
Oommon...%[
Preferred
.
_
1,000 Ac
1907
6
Various 1915-1918-1923
IJ
A
J Jan 11916
A
A
O Apr 1 1912
11.274.100 See text
Q—J
12.548.300 See text
Attg
Q—F
M
S Sept
A
6.412.000
o g
19,043.100 See text
July
QrrJ
6
A A O Apr
2.897,580
A
A
O Apr
1.908.000
ftff
100
1905
1902
1909
S'
See text
See text
See text
.
15 ’05. 1%
“
,
See text
|Novl ’10. 1 %%
OFFICERS.—Pres.; Edward D
[Cheeks mailed
do
do
text
Easton; 1st V.-P., Geo, W. Lyle; 2nd
V.-P
Fred’k J. Warburton; Seo. and Treas., E. O. Rockwood.
Office,
154 Nassau St.. New York.—(V. 88, p. 453, 946; V. 91, p. 40, 338.)
.
.
AMERICAN HIDE 4 LEATHER CO.—ORGANIZATION.—Orrantaed
In New
Jersey in 1899 as a merger of upper leather interests. See V. 69, p.
493; V. 68. p. 925; V. 70, p. 77. and application to list, V. 72, p. 673.
DIVIDENDS.—On p»ef..Feb; IS 1905 to Aug. 15 .1% quarterly; none
since to Oct. *10. V. 81, p. 1316. Overdue pref. divs., Nov. *10, abt. 74 H%.
BONDS. BTC.—Stoking fund tit $172,600 retires bends Sept. 1 yearly.
! purchasable at 115 or less, or If not will be Invested in other securities.
A W. Seitgman A Co. financed the consolidation. Report, for year
ending June 3Q 1910 in V. 91, p. 653, showed earnings,. Including those of
S
.
subsidiary companies, of $314,237; int.
on
bonds, $511,500; renewals,
repairs, sinking funds, Ac., $499,327; bal., def., $696,590.
Directors—Thomas W. HaU (Pres.), Theo. S. Haight (1st V.-P.)
Aaron Hecht (2nd V.-P.). F. L. Roenltz (3d V.-P.), Chat. P. HaU (4th
V.-P.). Frederick Strauss, M. Robson. C. H. Buswell, Cbas. W. Tidd,
.Henry Seligman, James Skinner, Geo. A. Hill (Sen. A Treas.), Thomas J.
Ryan, Call A. dc Gersdorff and WUiis Farrington. Office, 96 (Miff St.,
N. Y.—(V. 85, p. 596; V. 87, p. 612; V. 89. p. 592. 595; V. 91, p. 658.)
AMERICAN
ated in N. J.
on
ICE
SECURITIES CO.—ORGANIZATION.—Iaeoi.
March 29 1905 and aoquired $7,053,570 of the$7,161,
Sm.
the(as
reduced Aug.
1909)perandplan
$14,840,100
the $14,920,200
i
American
Ice Co.,
V. 80, p.of601.
The latter pref.
co. owned
the $10,009,000 stock of the Consol. Ice Co. of N. Y. (see V. 65, p. 461)
and the $10,000,000 stook of the Knickerbocker lee Co. of Maine.
Trans¬
acts a wholesale and retaU business in N. Y. City, Philadelphia. Boston,
Baltimore, Washington, D. C.. Camden. Cape May and Atlantic City, N. J.
1525; V. 64, p.
V. 81. p. 29; V. 77. p. 2237; V. 91, p. 591.
Suit, V. 83. p.
933, 1054, 1429; V. 83, p. 602; V. 87, p. 98; V. 89, p. 1598.
DIVIDENDS.—Jan. 1907 to July 1907- 1 H% quar.; none since to Oct.
Old Am. Ice Co. paid dlv. of 1M % Oct. 1 1909, the first payment
1910.
since 9% paid Deo. 15 1906.
V. 89, p. 722.
BONDS.—The $3,000,000 ’‘first and general” 5s issued eaity to 1909
first lien on real estate to various cities having an estimated value of
$5,273,696 and a general Hen, subject to existing encumbrances, on sub¬
stantially ail the remaining property. They are oallahle at par and int. as
a whole or in blocks of $500,000.
Prooeeds to be used to provide for the
bills payable, over $1,300,000, overdue mtges. of about $255,000, accounts
are a
parable and working capital.
;
V. 88, p. 376, 296, 627* 687, 885.
<
,
Of the American Ice SecurlUes deb. 6s, $102,419 remained an hand
ta Dee. 1906 to take up the outstanding American Ice Co. stock.
Of
the 5% collateral trust 5s of 1902 of the Ice Company, $1,956,000 are
outstanding and $2,050,000 are Issuable to retire $2,057,000 under¬
lying bonds and real estate mtges. (of which $$93,450 were owned by the
company); $583,000 canoried and $263,000 tn treasury of Am. Ice Co.
BONDS OF SUB-COMPANIES HELD BY PUBLIC (V. 61, p. 29).
Consumers’ Ice Co., due May 11911, $33,050; Hygienic Ioe Co., Washing¬
ton, $135,000 extended at 6% (paid Q.-J.) from Jan. 1 1910, payable
$15,000 yearly; Independent Ice Co., Boston (V- 78, p. 1963), 5% 1922
(M. A N.). $385,000; Consumers’ Ioe Co.. Atl&ntlo City (V. 83. p. 436).
1st 30-year gold 5s, dated Jan. 1902, red* at 105, guar, by Amerioan Ioe Go.
In Aug. 1910 purchased the 70th St-Hygela Ice Co,* subject to a prior mtge.
of $80,600, the American Ce. making a purchase money mtge. to secure
$253,890 6% notes jpayafaie In installments. V. 91, p. 714, 591. The
$250,000 Maryland ice bonds were purchased tor the company.
Report of American Ice Securities Co. for year ending Dee. 31 1909, with
bal. sheet, was in V. 90, p. 974.
The report of American Ice Co. for year
ending Oct. 31 1909, In V. 90, p. 165, showed: Gross, $8,710,928; net over
oper. exp., Ac., $2,142,225; bal. over
stock (1H %) paid Oct. 11909, $223,803.
In
gross, $8,118,592.
charg«3^4M99,354: div. on pref.
DIRECTORS, Ac. (Old On.) .—Wesley M. Oler (Fres.), W. A. Tucker,
R. M.
Thompson, Wm. Bavier, Jos.Whyne Jr., E. B, Passmore and Percy
Brundage; _H_. CL Harrison (Sec,). Directors (Securities
Co4—Rotort^T.
Seoreto^is
P. 974.)
AMERICAN LIGHT & TRACTION 00.—ORGANIZATION.-^Incor¬
porated In New Jersey Maiy 13 1901 by Emerson MoMiitln and
elates.
V. 72. p. 724/871, 987; V- 73. p. 235, and V. 75. p. 843.
AU of
the stock of the Grand Rapids, Madison, St. Joseph, Laoombe, St. Paul
and Binghamton (N. Y.) Gas Works is owned, and at least 97% of the
stock of each of the remaining properties named below:
Securities issued-—
Stock.
Bonds.
Milwaukee Gas Light Co
.$5,090,000 $8,012,000 V. 74, pu 482
Grand Rap. (Mich.) Gas Light Co...
182,000 1,350,000 V. 64, p. 662
Madison (Wls.) Gas A Electric Co
400,000
400,000
St. Joseph (Mo.) Gas Co
1,000,000 1,000,000 See page 167
St. P.(M!nn.) G.Lt.Co.(V.77. p.2282) 2,500.000 £4,697,000
Binghamton (N. Y.) Gas Works—..
450,000
641,000.
Con. Gas Co. of N.J.(L.Bran.,N.J.). 1,000.000
991.000 V. 75, p- $44
Detroit City Gas Co
6,580.000 6.5004)00 See this sect’n.
St. Croix Power Co., Somerset, Wls.
2,500
750.000 V- 73, p 1014
Southern Light A Traction Co
2,500 2,090,000/See “feT. Ry ”
663,000
Muskegon (Mich.) Trac. A Ltg. Co..
600.0001 Section.
x See also $750,000 St. Croix Power Co. guaranteed bonds, V. 7$, p. 1014
DIVS.(%)—
1904. 1905. 1906. 1907. 1908. 1909.
1910.
Common (cash).. 1H 3H
4H
5H
6H
9
2, 2H, 2M 2H
Do
(Instock)
-v.
12% 22%, 2H 2%
Preferred
la ♦’ill to Nov. 1910 (Q.-F.).
—
NOTES.—Of the $1,500,000 ooll. trust gold notes, convertible at par
either into com. or pref. stock at option of holder, $1,486,800 had been
converted into stock Sept. 28 1910.
V. 85, p. 533.
REPORT.—For year ending June 30.
For year 1909, see V. 90, p. 370,
12
Dividends
Other
Total -y
Preferred Com. Div. Bcuarce,
Mos.
Received.
Income, Expenses. Dividends.
(Cash).
Surplus.
1909-10 .$3,222,230 $376,262 $110,151 (6)$854,172 $857,384 $1,778,605
2,747,783 304,834
74,787
(6)854.172 ,080.417 1.443.241
There were also deducted stock dlvai. on common stock $949,262 to
Against $827,910, leaving $827,423, agalpst $61513$!.
Chairman, Emerson McMIUin; Pres;. A. P. Lathrop; V.-P. and Treas.;
J. M. McCarthy.
N. Y. office, 40 Wad St.—(V. 90. p. 978; V. 91, p. 338.)
...
.
T_._.
140
[VOL.
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEOUS COMPANIES
see notes on first page]
[For abbreviations, Ac.,
Date
Bonds
American Unseed—Common stock $16,750,000 authorised..
Preferred stock 7% non-cumul&tlve $16,750,000
American Locomotive—Common stock $25,000,000
Pref also assets 7% cum $25,000,000 (Bonds, see text)...
1906
Notes last Installment (V 6$, p 1472; V 85, p 1006)
...
Notes $5,000,000 gold
c 1909
American Malt Corporation—Common stock $6,000,000....
Preferred (also as to assets) cum $9,000,000 (see text)
Am Malt Co 1st M assum $5,000,000 g s f sub call 105..C* 1899
American Pipe ft Construction Co—Stock $5,000,000 auth..
Collat trusVoerta Series A $1,000,000 red 102 H text—GP 1908
do
do
Series B $1,000,000 red 102 H text—GP 1909
American Pneumatic Service—Common stock $10,000,000..
First pref (as to assets) $3,000,000 7% cumulative
Preferred (as to assets) 6% non-cumulatlve $7,000,000...
Collateral trust mortgage $5,000,000 gold sinking fund..IB 1903
Lamson Con Store Service Co s f bonds call at 102
IB 1902
American Radiator—Common stock $7,000,000.
Preferred stock 7% cumulative $3,000,000
American Sewer Pipe—Stock $8,000,000 authorised.
First mortgage $2,500,000 s f subject to oall at 105
K 1900
American ShTpbuilding—-Stock common $15,000,000.......
Preferred 7% non-cumulatlve $15,000,000
American Smelters Securities—Common stock $30,000,000.
Preferred “A” 6% cumulative $17,000,000
Preferred “B” 6% cumulative guaranteed $30,000,000 ..
American Smelting ft Refining—Common stock $50,000,000
Preferred stock as to assets 7% cumulative $50,000,000...
% Includes $186,000 In treasury Feb. 28 1910
.
.
Par
Amount
Bate
When
Value
Outstanding
%
Payable
$100 $16,750,000
100 16,750,000 7 In 1900
100 25.000,000 See text
100
5
1.000,000
5,000,000
5g
100
5.674.724
100
8,671,010 See text
1,000 X3,311,000
100
5.000,000 8
5
850,000
"500 *&c
950.000
5
ln*l$lO
50
50
50
100
100
100
500 fto
100
100
100
100
100
100
100
£1
25.000,000 7 In 1910
1,000
1,000
9.991,325
1.500,000 See
6,328,850
1,112,000
497,500
6.150,000
8,000,000
7,000,000
1.321,000
7,600,000
7.900,000
30.000,000
17,000,000
See
text
text
S*
5 g
See text
7 In 1909
See text
6 g
See text
In
7
1910
A
A
A
M
J
ft
ft
ft
ft
ft
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Sep 15'001 H
Checks mailed
Aug 26*08,1 H
Oct 21*10,1 H% Checks mailed
Office. 30 Church St, N T
Oct
11910-11
O
do
do
O Oct 1 *12-*14
O
N Nov 2*10, 1%
D Dec 1 1914
Oct 1 1910 2%
Q—J
A ft O To Oct 1 1927
F
ft A To Feb 1 1929
A ft O
M ft
S Sept 30 *10 3 H
Quar Jan 15*07,1 H%
A
ft O Oct 1 1928
F
ft A Feb 1 1922
—M
Sept 30 *10. 2%
—FI 5 Aug 15*10.1 H%
Jan2 1908, Vi%
Q—J
M ft
S Mch 1 1920
S3
LXXXXI.
Guaranty Trust Co, N Y
Office 112 N Br*d St.Phll
Girard Trust Co. Phlla
do
do
By check
International Tr Co, Bos
do
do
Off 282-4 Mich Ave Ohio
do
do
Checks mailed
Knickerbocker Tr Go.NY
Sept 1 1910 2% Cleveland, Ohio
do
Oct 15*10, 1 H
*10,1 H% 165 Broadway .New York
Sept 1*10.1
do
do
Vi %
Septl'‘10,1
*
do
do
Oct 15
5*10,1%
do
do
Oct 1 *10,1 H%
6
5
30,000,000
50,000,000 4 tn 1910
50.000,000 7 In 1910
AMERICAN LINSEED.—ORGANIZATION. ETO.—Inrorporated on
New directors May 1908.
Pres., Wm.
V. 84, p. 1427; V. 86, p 1411.
H. Ames; Treas., Gumer Clapp; Sec., W. E. Bams
ifflce ^161 Devonlard. Office
shire St.. Boston.—(V. 90, p. 169, 449, 504, 701; V. 91. p..384fr
pref. 1899 to 1900 aggregated 10Vi%: none since. Bonds payable, $315,000.
REPORT.—Report for year ending July 31 1910 (Y. 91, p. 715) showed
profits after all operating expenses and depredation of $720,952. In
1908-09, profits, $1,264,185; Int. on borrowed money, $186,109; deprecia¬
tion charged off, $98,475; bal., sur., $979,601.
Pres, and Treas., John A.
McGean; Sec., W. A. Jones. 100 William St.. N. Y.—(V. 91, p. 714.)
AMERICAN LOCOMOTIVE CO.—ORGANIZATION.—Incorporated In
N. Y. on June 101901 as a consolidation of various cos. (see list V. 73. p.80).
V. 72, p. 1189; V. 73. p. 84,186, 724; V. 83, p. 686. In Jan. 1909 putenased
land at Gary, Ind., for new plant. V. 88, p. 102; V. 89,p. 591.
In 1904
the entire capital stock of the Montreal Locomotive works, Ltd., was
acquired (V. 78.p. 1111,1393,1448; V. 84, p. 1431), and In Jan. 1905 of the
Rogers Locomotive Works. V. 80, p. 474; V. 87, p. 675. Co-operates with
Gen. Electric Co. in construction of electric locomotives; see V. 79, p. 1022.
P. 329; V. 80, p. 2346; V. 90. p. 374. 622.
The stockholders voted March 2 1910 to cancel the $2,000,000 unissued
pref. stock and Increase the authorized common stock from $5,000,000 to
$7,000,000, $800,000 of the new stock being subscribed by stockholders
and $350,000 by employees at $150 per $100 share, and $850,000 will be
sold as required for future purposes.
V. 90, p. 374, 629.
Deo. 5 1898 In N. J.
V. 67, p. 1161; V. 69, p. 697. See V. 71, p. 545.
For list of plants, fto., see V. 70, p. 631.
In June 1901 Standard
Oil Interests acquired a majority of stock.
V. 76, p. 216. Dividends on
Also manufactures automobiles.
DIVIDENDS, ETC.—Dividend on pref., 1%% quarterly Oct. 1901 to
Div. on com. stock, 1 H% quar., paid Aug. 1906 to
Aug. 1908, both lnduslve; none since to Oct. 1910. V. 87, p. 679.
BONDS, ETC.—In 1909 sold $5,000,000 5% debenture notes, due $1,000,000 In 1912 and $2,000,000 each In 1913 and 1914. V. 89. p. 530, 595.
Bonds of oonsttt. cos.: Dickson Mfg. Co. 1st 5s, $562,500 (assumed), matur¬
Oct. 1910, both Ind.
ing Nov. 1 1927; Richmond Locomotlve$550,000 gold consol.Os due April 1
1929 (assumed), of which $118,000 owned by American Locomotive Co.
Locomotive ft Machine Co. of Montreal 1st 20-yr. gold 4s ($1,500,000),
dated March 11904 ($1,000 each), guaranteed prin. ft int. by Am. Loco. Co.
Int. March and Sept, at Royal Trust Co. of Montreal, trustee.
Rogers Locomotive Works, $305,000 first s. f. 5s, due May 14 1921.
REPORT.—Report for year ending June 30 1910 was In. V. 91, p. 586,
showing net earns., $2,597,949; int. and discount, $513,191; dlvs. on pref.
Stock (7%), $1,750,000; bal., sur., $334,758.
Directors—Waldo H. Marshall, Pliny Fisk, Geo. R. Sheldon, C. A. Coffin,
Julius E. French, John W. Griggs, W. M. Barnum, Fred’k H. Stevens,
Chas. Miller, James McNaughton, L. L. Clark.
Pres., W. H. Marshall;
Vice-Presidents, James McNaughton, Herman F. Ball and Leigh Best; Sec.
and Treas., C. B. Denny; Asst. Sec. and Asst. Treas., J. O. Hobby Jr.;
Comp., Joseph Davis. Office, 30 Church St., N. Y.—(V. 91, p. $86, 947.)
AMERICAN MALT CORPORATION.—ORGANIZATION.—Incorp. In
N. J. April 21906 as successor, per plan V. 81. p. 266,1043, of the American
Malting Co., the latter being a consolidation in 1897. V. 65, p. 619; V. 70,
V. 85, p. 1141. Under the plan the old preferred received 62% in
new pref. and the old com. 44% In new com. stock; $12,897,100 of the $13,400,000 old common and $13,985,500 of the $14,440,000 old pref. had been
acquired In Oct. 1909. Properties operated, ftc., V. 84, p. 156.
STOCK.—The preferred stock Is entitled to 4% from April 1 to Oct. 1
1906—thereafter to 6%.
Of the stock, $47,200 pref. and $104,000 common
will remain after exchange of all of the old stocks.
DIVIDENDS.—On pref. stk., 2K% paid Nov. *08; *09, 5% (MftN); *10,
May, 2K%; Nov., 1%, leaving 1,5% accumulated dlvs. unpaid. V. 87.
p. 741, 1236.
BONDS.—Alex. J. Hemphill and F. J. H. Sutton are trustees. Sinking
fund one-half amount dividend declared on pref. stock of Malting Co. and
all proceeds of property sold.
V. 69 p. 956, 1013, 1195.
Preliminary statement for year ending Aug. 31 1910 (V. 91, p. 791)
showed surplus of old co. after all charges o’ $272,451, agst. $557,383 In
1908-09; pref. dlv. (62 cts.) paid Nov. 1910, $89,528; dlv. payable May 1911
will depend on conditions then existing.
REPORT of company for year ending Aug. 311909 was in V. 89. p. 1220;
also of old company with balance sheet, showing total profits. $280,993;
bond Interest, $190,429; taxes, $79,616; betterments and maintenance,
$53,565; bal., sur., $557,383; dlv., $450,528, of which about $436,000 to
Malt Corp., which paid It out as dlvs. on Its own stock.
OFFICERS.—Pres., Chas. A. Stadler. Sec.. J. C. McOune; Treas., H.
Eggerklng. New York office, 63d St. and East River.—(V. 91. p. 791.)
AMERICAN PIPE & CONSTRUCTION CO.—ORGANIZATION.—In¬
corporated In New Jersey Jan. 31 1889; name changed from Am. Pipe Mfg.
Co. Mch. 1 1909. Controls and operates various water works and manu¬
factures the Phipps hydraulic pipes.
See list of subsidiary companies.
V. 72, p. 135* V. 89, p. 1197; V, 81, p. 509; V. 88, p. 160, 566; V. 91. pT718.
Coll, trust 5% ctfs., originally $1,000,000, Ser. “A,” redeemable $50,000
Oct. 1 yearly to Oct. 1 1926 at 102 X and int.. and also as a whole at the
same price alter Oct. 1 1908, and Series **6’* $50,000 yearly at same price
and as a whole to Feb. 1 1928. V. 86, p. 1161; V. 87, p. 937; V. 88, p. 377.
DIVS. / *90. *91. *92. *98. *94.
1895.
1896 to Jan. 1907.
Slnoe
(%) 1 6
0
6
8 11Vi 18 (ind. 3 ex.) 12 yrly. (Q.-J.)
2 quar.
REPORT.—For year 1909. with bal. sheet. In V. 90, p. 371, showed:
Net earnings, $506,482, against $629,678 in 1908; dividends, $400,000
p. 478;
Pres., Joseph S. Keen Jr.; V.-P. and Treas., Geo. M. Bunting; Sec.
£f. Bayard Hodge. Office, 112 North Broad St., Phila¬
delphia.—(V. 89. p. 472; V. 90. p. 169, 871; V. 91, p. 718.)
AMERICAN PNEUMATIC SERVICE CO.—ORGANIZATION.—In¬
corporated July 1 1899 under laws of Delaware.
(V. 68. p. 1130, 1179.)
yearly.
and Asst. Treas.,
Is the owner of the whole, or nearly all, stock of the Lamson Consol.
Store Service Co. (V. 68, p. 1073). the Inter. Pneum. Servioe Co., fto.
Government contracts, V. 84, p. 572. 1244; V. 85, p. 1463; V. 88, p. 103.
In Aug. 1905 acquired all the stock of N. Y. Mall ft Newspaper Trans. Co.
and Tubular Disp. Co., all the bonds of N. Y. Mall ft Newspaper Trans. Co.,
fto.
V. 81. p. 669; V. 82, p. 394; V. 83, p. 1102; V. 84, p. 1244.
Official statement was given In V. 83, p. 34. See also V. 88, p. 824.
STOCK.—Shareholders on Mch. 5 1910 authorised an issue of $3,000,000
7% first pref. stock ranking ahead of old pref., of which $1,500,000
was
sold to pay the floating debt, about $675,000, and for improvements.
V. 90. p. 449, 504, 70lfV. 91. p. 334.
DIVIDENDS on <fld pref. stock to Jan. 20 1902, ind., 6% per ann.; In
1906,4 Vi%; In 1907, Jan., 1 Vi%; none since to Oct. 1910. vT84, p. 869.
Semi-annual dlv. on 1st pref., 8 H%, paid Sept. 30 1910.
"First Mtge. Collateral Trust 8. F.—-During 1905 $1,129,000 of the new
$5,000,000 5% bond issue was sold (of which $118,500 retired by sink¬
ing
fund to Mch. 1907); $600,000 Is reserved
Issue) of Lamson bonds and the
to retire the $600*000 (auth.
balance for extensions, ete. V. 61, p. 82.
REPORT Yor year ending March 31 1910, with balanoe sheet, was In
p. 334, showing net earns., $514,128; charges, deprec’n, ftc., $272,on stock of subeld. cos., $689; bal., sur., $241,269.
V.91,
70; dlv.
AMERICAN RADIATOR CO.—Incorporated In N.J.Feb.10 1899. V.68.
DIVIDENDS.— 11904. 1905. 1906.
7%
7%
7%
Common
1
4
4
Preferred
.
1907. 1908.
7%
7%
1909.
1910.
7% To Aug. 5* %
6
To Sept, 6%
Extra
2
Mch., 2%
REPORT for year ending Jan. 31 1910, with bal. sheet, V. 90, p.622,
showed: Net profits, $971,600; 7% on pref., $210,000; dlv. on oommon
...
4
2
4
2
(8%), $400,000; bal., $361,600. Pres.. C. M. Woolley. Office, 282 Michi¬
Ave., Chicago.—(V. 90, p. 374, 622. 629.)
AMERICAN SEWER PIPE CO.—ORGANIZATION.—Inc. In N. J. on
Feb. 17 1900 as American Clay Mfg. Co. as a consolidation of 32 vitrified
drain-pipe and 2 paving-brick plants. For list, ftc., see V. 70, p.
482, 688, 874. The bonds are subject to call at 105 and interest up to
$100,000 yearly. See V. 70, p. 688; V. 78, p. 2601. Stock, $7,000,000,
as reduced Nov. 20 1907.
V. 85. p. 724, 923, 1210.
For calendar year
1907, gross, $435,268; general expenses, taxes and reserves, $142,510;
interest on bonds $86,370: dividends (2 Vi%). $191,114; bal., sur., $15,274.
Balance sheet Dec. 31 1909, V. 90, p. 624.
Dlvs., 3% yearly (H% Q.-J.) July 1904 to July 1907, both Inol.; Oct.
1907, Vi%: 1908, Jan., Vi%: none slnoe to Oct. 1910.
OFFICERS.—Pres., Geo R. Hill, Akron, O.; V.-P., John H. Jones.
Pittsburgh, Pa.; V.-P., W. F. Dunspaugh, Beaver. Pa.; Sec. and Treas.,
A. S. McCombe, Akron, O.—(V. 88. p. 627; V. 90. p. 561, 626.)
gan
AMERICAN SHIPBUILDING CO.—ORGANIZATION.—Incorporated
In New Jersey on March 16 1899. V. 68. p. 770; V. 70, p. 896; V. 71. p. 344,
1014; V. 73. p. 390; V. 83, p. 1172.
DIVIDENDS— 11902 1903 1904 1905 1906 1907 1908
1909
1910
Common
> 1
3
None 2
6
6
2
2
6
Preferred
%j
rIn full to date (1 H% Q.-J.)
In July 1910 8% on com. was declared, payable 1 % regular and 1% extra
each on Sept. 1 and Dec. 1 1910 and Mch. 1 and June 1 1911, agst. 1%
regular only In the preceding year. V. 91, p. 278.
Report for year ending June 30 1910 In V. 91, p. 1027, showed net earns.,
$1,980,654; dlv. on pref., $553,000; dlv. on com. (4%), $304,000; deprec'n,
Pres., James C.
malnt., reserve, ftc., $543,332; bal., sur., $580,322.
Wallace, Cleveland; V.-P. and Treas.. R. C. Wetmore; Sec., Ora J. Fish.
Office. Cleveland, Ohio.—(V. 91, p. 278,1027.)
AMERICAN
SMELTERS SECURITIES CO.—ORGANIZATION.—
Incorporated March 31 1905 In New Jersey, and acquired from Guggen¬
heim Exploration Co. various mining properties and Interests in Mexloo,
Colorado and Missouri and about $5,000,000 to complete oertaln purchases.
Later bought other properties in California. Washington, Utah, Missouri
and Mexloo and a majority of the Federal Mining ft Smelting stock. Am.
Smelt, ft Ref. Co. controls, owning $17,751,000 oommon stock.
See
below.
Properties owned, see application to list, V. 89, p. 1662. V. 80,
p. 1730; 1915, 1973; V. 82, p. 694; V. 90. p. 1046.
In 1905 control of Utah
Copper Co. was acquired. V. 81. p. 1317,1494,1794; V. 88. p. 1125; V. 89.
Independent, “Inter¬
p. 1674; V. 90, p. 307, 451; report, V. 90, p. 1167.
national Smelting ft Refining Co..’* V. 87, p. 1665.
STOCK.—Preferred stock “B" is guaranteed as to dividends by American
Smelting ft Refining Co. and also as to principal In case of liquidation;
principal Is subject to redemption at par at option of oompany June 1
1930, or any Interest day thereafter. Sink, fund Is provided. See V.
80. p. 1730, 1973: V. 89, p. 1662.
Pref. stock “A*1 is preferred over **B*' only as to dividends.
The present
authorized issue, $17,000,000, may be increased by $5,500,000.
Pre¬
ferred stock has no voting power unless dlvs. for one year remain unpaid.
DIVIDENDS.—First div. on pref. “A** stock (for 2 mos.), 1%, paid
July 1 1905; Sept. 1905 to Sept. 1910, both inclusive, 1 H% quar. V. 81.
p. 156, 670. On pref. **B" 1 Vi% quar.. Sept. 1905 to Sept. 1910 Inclusive.
Report for year ending May 31 1910 In V. 91, p. 532, showed: Gross
earnings, $7,213,475; net over Int., ftc., $5,202,311; appropriations for
construction and re-valuation, $1,548,865; dlv. on pref. A” stock (6%),
$1,020,000; dlv. on pref. **B'* (5%), $1,500,000; bal., sur., $1,133,446.
OFFICERS.—Pres., Daniel Guggenheim; Vlce-Pres., Barton Sewell;
Treas., Morris Guggenheim; Sec., W. E. Merrlss. Directors. V. 80. p 1425;
V. 84, p. 392.
Office, 165 B’way, N. Y.—(V. 91, p. 465, 617, 682.)
AMERICAN SMELTING & REPINING CO.—ORGANIZATION. ETC
—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 oopper matte in Utah. Montana, Colorado,
Nebraska, Illinois, New Jersey, Mexico and elsewhere. The princi¬
pal merchantable products are bar gold and silver, pig lead, electro¬
lytic oopper and blue vitriol
Controls the Kansas City Smelting ft Refining
Co., the Omaha ft Grant Smelting Co., ftc. List of plants, rights of stock,
fto., see V. 68, p. 975, 471, 523; V. 70, p. 232, 281; V. 76, p. 974; V. 77,
p. 2340; V. 79. p. 1041; V. 84. p 160; V. 88. p 1059.
In April 1901 the property of M. Guggenheim’s Sons was aoqulred.
See
V. 71, p. 1271; V. 72, p. 138. 724.
In April 1905 aoqulred control of
American Smelters* Securities Co., which see above.
V. 80, p. 873.
Omaha ft Grant Smelt. 1st 6s due March 11911, $121,000, are only bonds
DIVS.
)
Com.
(%)
Pref.
(%)j
1905. *06. *07.
5 Vi
7
1908—
1909.
7 Vi Jan.,2; Apr.,1: July.l; Oct.,1. 4(Q-J)
In full to date (1H Q.-J.).
1910.
4
REPORT.—Report for
Fiscal
Year—
Gross
Earnings
$
year ending April 30 1810 In V. 91, p. 517, 531.
Net over New Con-Div, Pref. Div. Common Balance,
Int., Ac.
$
struc.,Ac Stk (7%)
$
$
Stock.
$
Surplus.
$
1909-10.-8,887,788 7,507,916 461,638 3,500.000 (4)2,000,000 1,546,278
1908-09..9,146,387
7,711,979 321,234 3.500.000 (4)2.000.000 *1,643,050
*
After deducting $47,695 for employees’ profit-sharing fund.
DIRECTORS.—Daniel Guggenheim (Pres.), Isaae Guggenheim (Treas.),
Solomon R. Guggenheim, Murry Guggenheim, M. Robert Guggenheim,
S. W. Bodes (Vice-President). Edward Brush (Vice-President and Assistant
to President). Walter T. Page. Grant B. Schley, M. D. Thatcher, J. B.
Grant, W. S. McOoratek, Kan Ellers. Frank W. Hills, Barton Sewell (V.-P.)
Edgar L. Newhouse, Franklin Guiterman. Willard S. Morse, John N.
Steele, Joseph Clendenln, J. K. McGowan, Wm. Sproule, Judd Stewart and
Wm. 0. Potter.
Office. 165 Broadway. N. Y.—(V. 91. p. 681.)
Oot.
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]
American Snuff—Stock common $12,500,000- - - - ------Preferred (also as to assets) 6% non cum $12.500,000..—
American Steel Foundries—-Stock (see text)..
American Steel Castings first mortgage gold-----u
Mortgage $6,000,000 total Issuable s f red after 10 years.Ta
Debentures $3,436,600 redeemable at par {text)
American Sugar Refining—Common stock *45,000,000
Pref stock 7% cum (not pref as to assets) $45,000,000
American Telegraph & Cable—Stock 5% rental------American Telephone & Telegraph—Stock $500,000,000-.
Collateral trust mortgage gold (V 70 p 40).
*---08.0
Convertible bonds redeemable at 105 (text)
OB.c Ar
American Thread—Pref stock $6,000,000 5% cum g or £-...
First mortgage $6,000,000 gold or
—
u.c
American Tobacco do—Common stock ($100,000,000 auth)_
Preferred (also as to assets) $80,000,000 6% cum (see text)
Gold bonds (not mortgage) $56,100,000 auth
G.c* Ar
Gold bonds (not mortgage)---Consolidated Tobacco collateral
-----U.c&r*
trust mtge gold-G.c* Ar
—
Date
Bonds
and Maturity
17,184,000 See
446 000
1,000
1,000 Ac
1899
500 Ac
5
100
100
1904
1904
1901
J. on March 12 1900.
REPORT.—Report for year ending Dec. 31 1909 (In V. 90, p. 693)
Net earnings, $4,203,653; dlv. on pref. (6% ),$720,000; dlv. on
com. (20%), $2,200,340; bal., sur., $1,283,313.
Pres., Martin J. Condon;
Sec. and Treas., E. D. Christian, 111 Fifth Ave., N. Y.—(V. 91, p. 655.)
showed:
AMERICAN STEEL FOUNDRIES.—ORGANIZATION.—Incorporated
In New Jersey on June 26 1902 and acquired the property of Am. Steel
Casting Co., Ac.
V. 79, p. 1463: V. 80, p. 224, 602; V. 83, p. 685, 655.
STOCK.—The stockholders voted June 12 1908 to reduce the authorized
stock from $37,650,000, consisting of $18,110,000 common and $19,540,000
preferred, to $17,184,000 of one class only. The old preferred ($17,184,000)
outstanding received 77% in new stock and 20% in 15 years, 4% deben¬
tures dated Feb. 1 1908 and 3% cash.
Debentures are subject to call
at par, not less than 10% to be retired yearly, beginning Feb. 1 1913.
The common stock ($15,809,280 out) received 25% in new stock.
V. 86,
In 1908 over 90% of each class of stock
1903, 6%; 1904, 2H%.
X%, paid May 14 1910;
Aug. 15, tX%; Nov. 15. 1 H%.
BONDS.—As to 6s, see V. 81. p. 267, 842; V. 83, p. 820.
EARNINGS.—For 9 mos. ending April 30 1910 net earnings were $1,239,304, against $433,686 In 1908-09; other Income, $32,312; total Income,
$1,271,616; lnt., sink, fund and deprec., $637,736; bal., surplus, $633,880.
REPORT.—For year ending July 51 1909 In V. 89, p. 1342, showed: net
Income. $632,566; charges. $499,239; deprec., $113,481; bal., sur., $19,846.
DIRECTORS.—Charles
(Chairman), Wm. V. Kelley, E. H.
MUler
Gary, Thes. K. Nledringhaus, W. W. Butler, .W. D. Sargent, Geo. B.
Leighton, Max Pam. Edward Shearson. John M. Harrison, Morris Bach¬
man, E. F. Goitre, Arthur J. Eddy.
Pres., Wm. V Kelley; 1st V.-P.,
Robert P. Lamont; Treas. and Sec., F. E. Patterson.
Office. Chicago.—
(V. 89, p. 1342. 1484; V. 90, p. 629, 1172, 1492; V. 91, p. 947.)
AMERICAN SUGAR REFINING—Organized In N. J. In Jan. 1891, pe*
plan V. 51, p. 609. Properties owned, V. 90, p. 164i V. 88, p. 943: V*
1038; V. 87, p 1481. National Sugar Refining Co.*
82,
1270; V. 83,
see V. 70, p. 1096; V. 71, p. 31.
See V. 70, p. 482, 634, 998, 1051; V. 71.
p. 136, 237, 699.
Suit V. 84. p. 627; V. 85, p. 348; V. 86, p. 110, 796;
V. 87, p. 1606; V. 88, p. 1130.
New plant at New Orleans, La., commenced
operations May 1909. V. 86, p 1411; V. 88, p. 160, 943; V. 90, p. 164.
The Investments in beet-sugar and other corporations on Jan. 1 1909 aggre¬
gated $22,189,151. Settlement of litigation Apr. 1909. V. 88, p. 1130,
1502: V. 89, p. 1282.
Last stock increase (in 1901), V. 73, p. 617.
DIVIDENDS.— j
1892.
1893.
1894 to 1899. 1900. *01 to Oct. '10.
Common
%\
21H 12 y’ly (3 Q-J) 7H
7 yearly
10 H
REPORT.—Report for year ending Dec. 31 1909, with bal. sheet, In
V. 90, p. 769, showed net earnings, $10,823,869; dlvs. (7%), $6,299,951;
bal., sur.* $4,523,918. Total surp. Dec. 31 1909, $21,301,873. V. 90,
Official statement Jan. 1910, V. 90, p. 164. Compare V.89,p.848.
p. 769.
DIRECTORS.—W. B. Thomas (Pres.); Arthur Donner (V.-P.); Horace
Havemeyer, George H. Frazier, Chas. H. Allen (Treas.), Henry E. Nlese,
Henry C. Mott, S. C. Hooker, Edwin F. Atkins, Samuel Carr, Edwin F.
Marston.
Sec., J. E. Freeman. N. Y. office, 117 Wall St.—(V. 91, p.216.)
AMERICAN TELEGRAPH & CABLE.—Owns two cables between Nova
Scotia and England.
Leased until 1932 to Western Union—which see.
AMERICAN TELEPHONE A TELEGRAPH CO.—ORGANIZATION.—
Owns a large Interest, generally a majority Interest, in the capital stock
of all the leading local companies operating under the Bell patents through¬
out the United States; also owns the system of long-distance telephone
lines by which they are united.
Capitalization licensee co’s, see V. 88, p.
1554; V. 85, p. 1398; V. 86, p. 171.
Rental paid by subsidiaries, V. 85, p.
348.
Pupln patents, V. 72, p. 677: V. 76, p. 332, 596; V. 77. p. 39.
Capitalization of system May 1 1909, V. 89, p. 160; V. 90, p. 504.
In Nov. 1909 a “substantial minority interest” in West. Union Teleg.
Co. stock, understood to be about $30,000,000, was acquired from the
Goulds Ac.
The harmonious operation of the two properties is expected
to result In large economies.
V. 89, p. 1350, 1546; V. 90, p. 629, 785.
STOCK.—On June 3 1901 the authorized stock was Increased from
$100,000,000 to $150,000,000. on March 1 1903 to $250,000,000, in
Jan. 1909 to $300,000,000, to provide for conversion of $150,000,000 bonds,
and In Mch. 1910 to $500,000,000, to provide for future requirements, none
of the new stock to be offered to shareholders in 1910.
Of the stock, $21,943,200 was subscribed for by stockholders at par in 1903 and $21,904,700
In June 1907.
V. 76, p. 1356; V. 77, p. 39, 771; V. 90, p. 772, 782.
Late
In 1908 $5,991,745 stock was Issued.
In 1909 offered $30,341,500 stock in exchange for minority stock in N. Y.
A N. J. Telephone Co., Bell Telephone Co. of Pa,, Bell Telephone Co. of
Buffalo and Cent. DIst. Print. A Telegraph Co.
The $72,629,000 con¬
vertible bonds remaining unexchanged July 20 1909 (reduced to $43,476,000
on Oct. 17 1910) will require on the present basis of exchange the further
Issue of about $54,470,000 additional stock, if all converted.
V. 89, p.
229; V. 90, p. 112.
In Sept. 1909 it was arranged to purchase from the Western Union Tele¬
graph Co. for $22,500,000, payable in 1910 to 1915, $16,221,800 N.
Y. Tele-
$9,733,100
security
$10,000,000
Jhone
Co. stock, bonds,
of whichwhich
pledgedtoascall
for ItsMay
beginning
% convertible
are subject
1 1912,
and $6,488,700 held In the treasury.
In Feb. 1910 re-purchased $8,200,000
Am. Teleph. A Teleg. stock from the Mackay Companies V. 90, p.629.
The N. Y. Telephone Co. in Sept. 1909 Increased its authorized stock
from $50,000,000 to $100,000,000 and took over the other Bell companies
in New York State, including the N. Y, A N. J. Telephone Co., the Bell
Telephone Co. of Buffalo and Central N. Y. Telephone A Telegraph Co.,
$35,672,800 of the new stock being issued. All of the New York Telephone
Co. stock is owned. V. 89, p. 722, 849. As to N. Y. Telephone Co. and
Western Electric (Mfg.) Co. see statements of those cos. in this section.
In Julj
10 three shares of stock were offered In exchange for each 4 shares
i Telephone stock
of Ne\($4,600,200 outstanding Dec. 31 1909).
ICkIn July 1910 majority df $3,500,000 Michigan State Tel. Co.
Y,*U P,
stock ws acquired, 4 shares of American for each 5 shares of Mich, stock.
'vx»■ vi.
.s&>; >;?#, ; ■:
V. 91, p. £18./ Vv1
v
t
.>?;
•;?
DIVIDENDS.—July ,1900 to jrulY I90<* indurive, 7H% per annum;
Oct., 190,
Oct.1910-8% (Q-J).^!:; T
,
.
e e
6 g
F
Je
5 in 1
4 g or £
See text
6
6 g
4 g
InMlO
780,000
1,000
Novl5’10,1H%
Q—F
MAN Nov 1 1912 A
A
O Oct 1 1935
P
A A Feb 1 1923
Oct 3 '10 1 H%
Q—J
See text Oct 3*10 1 H%
Q—M
Sept 1*10 1H%
Oct 151910 2%
Q—J
J
A
J July 1 1929
MAS Men 1 1936
J
A
J July 1 ’10 2X%
A
J
J Jan 1 1919
See text Sept 1 ’10 10%
Oct 1 *10 1H%
Q—J
A
A O Oct 1 1944
F
A A Aug 1 1951
F
A A Aug 1 1951
Oct 15 '10 1%
Q—J
Oct 15 ’10 1 H
Q—J
MAN May 1 1926
MAN May 1 1939
7 In 1910
7 in 1910
5
8 In 1910
1,170,000
12,557,794
6,557,794
4,216,000
Places Where Interest and
Dividends are Payable
Oct 11910 7% 111
Oct 1 ’10 1H%
§=j
text
5g
53,341,300
47,624,200
3,729,900
4,000,000 4
2,000,000 7 in 1910
50 Ac
50 Ac
50 Ac
100
100
100
100 Ac
100
100
extra.
Last Dividend
Payable
2,510,000
3.436,800
45,000,000
45,000,000
14,000,000
259.950.400
53,00 *.000
43,476,000
4,890,475
6,000,000
40,242,400
78,689,100
For list of properties merged, see V. 70, p. 533 , 634; statement to N. Y.
Stock Exchange, V. 72, p. 625, 672; V. 74, p. 428; V. 81, p. 267: V. 84, p.
510; V. 87, p. 680.
Am. Tobacco Interests control.. V. 85, p. 285, 602.
DIVIDENDS.—
1903-06. 1907. 1908. 1909.
1910.
On common, per cent
10 y’ly.
10 H
13
19 20 A 4 extra
In 1910, Jan., 5%; April, 5%; July, 5% and 2% extra; Oet.5% and 2%
170, 482, 605, 796; V. 87, p. 40.
When
%
1,000
1899
1906
1905
nad assented.
V. 86, p. 722.
DIVIDENDS.—On former pref., 1902, 1 H%:
First quarterly dividend on stock as readjusted, 1
Rate
100 Ac
100 Ac
100
100
100
100
yearly red par
AMERICAN SNUFF CO.—Incorporated in N.
Amount
Outstanding
100
1897
1905
1908
Deb gold $1,000,000 s f $20,000 yearly begin Sept lOOO.Me
Deb gold $2,000,000 redeem at 106 sinking fund (text)..Q
American Window Glass Machine—Com stock $13,000,000Preterred stock 7% cumulative $7,000,000
Debentures $5,000,000 gold due $1,000,000
Par
Value
$100 $11,001,700 See text
100 12,000,000 6 In 1910
1896
1909
p.
141
INDUSTRIAL STOCKS AND BONDS.
1910.]
Fifth Avenue, N T
do
do
Guaranty Trust Co, N T
Trust Co of America, N Y
Guaranty Trust Co, N Y
Checks mailed
do
Western Union Tel, N Y
Checks mailed
Manhat Tr, N Y; A Bost
do
do
Guaranty Trust Co, N Y
do
Checks mailed
do
do
Guaranty Trust Co, N Y
do
do
Checks mailed
do
do
do
do
Mercantile Trust Co, N Y
Guaranty Trust Co, N Y
A Feb 11910-1914 Farm Dep Nat Bk,
A
Pitts
BONDS.—The collateral trust mortgage of 1899 Is secured by collateral
mentioned in list in V. 81, p. 509.
On additional collateral further bonds
may be issued to an amount not exceeding 75% of the estimated value of
collateral; and the issue at any
time outstanding must not exceed the
amount of the company’s capital stock then paid up.
V.
1249; V. 70, p. 40; V. 85, p. 1398; V. 80, p. 999, 1113.
The convertible 4s of 1906 ($150,000,000 original Issue) are
secured by any
future mtge. or collateral trust Indenture.
69. p. 1195,
to be ratably
They are sub¬
into stock at
on and after March 1 1914 at 105 and convertible
133.7374158 + since March 1 1909 and before March 11918; and
time up to 30 days prior to any date of redemption, with a
ject to call
in the mean¬
cash adjustment
respectively, provision being made to protect
of Interest and dividends
the holders as to the convertible rate in the event of the Issue of new stock.
In Oct. 1908 $7,388,000 bonds were also Issued to acquire about $3,000,000
Western Electric Co. minority stock, increasing the amount of said stock
owned to about $12,000,000 out of $15,000,000 issued.
In Deo. 1908 the
remainder of the bond Issue was sold, providing for the company’s require¬
ments in 1909 and 1910, including provision for $6,000,000 Western Tel. A
Teleg. Co. notes due May 1909 and $25,000,000 Amer. T. A T. notes due
Jan. 1910, and new work. To Oct. 1910 $106,524,000 bonds had been con¬
verted Into stock.
See V. 82. p. 394, 571. 699; V. 83, p. 438; V. 84, p. 105,
160, 273, 933, 1369, 1489; V. 86, p. 171, 1411; V. 87, p. 1013, 1481, 1535.
1606; V. 88, p. 453. 508, 566, 627.
EARNINGS.—For 9 mos. ending Sept. 30 1910, total Income, $26,310,511, against $23,325,410 in 1909; expenses, $2,578,902; lnt., $3,836,296;
dlv. (6%), $15,549,388; bal., sur., $4,345,925.
V. 91, p. 338.
REPORT.—Report for 1909 In V. 90, p. 696, 768, 781.
Reports of
sub-cos. for 1909, V. 91, p 35-7, 150-3.
Year end. Dec. 31—
1908.
1909.
1907.
Total gross earnings
$32,761,341
$27,898,970
$25,609,671
23,095,388
Surplus over lnt. charges
18,121,707
16,269,388
(8)12,459,156
(8) 17.036,275
(8)10,943,644
DIRECTORS.—Theo. N. Vail (Pres.), Chas. W. Amory, Geo. F. Baker,
Francis Blake, Sylvanus L. Schoonmaker, Alexander Cochrane, T. Jefferson
Coolidge Jr., W. Murrey Crane. Henry S. Howe, Chas. E. Hubbard (Sec.),
William Lowell Putnam, Thomas Sanders, John I. Water bury, Rudulph
Ellis, John J. Mitchell, H. P. Davison, Moses Williams, Eugene V. R.
Thayer, Thomas B. Bailey, Harry H. Brigham, George L. Green, Henry
L. Hlgglnson, George Willis Perce, Frank E. Warner, Robert Wlnsor, Nor¬
man W. Harris.
Treasurer is Wm. R. Driver.
Office, 125 Milk St., Bos¬
ton, Mass.—(V. 90, p. 781, 916,1046; V. 91, p. 35. 40.150, 216, 338, 872.)
Paid dividends
AMERICAN THREAD CO.—Incorporated In N. J. March 10
(V. 67, p. 1158.)
Common stock, $6,000,000 ($4 50 per $5 share
jn,
1898
paid
understood to be entirely owned by the English Sewing Cotton Co.)
Dividends on Common Stock—Per Share.
’00. ’01. ’02. ’03. ’04. ’05. ’06.
’07-08. '09. '10.
30
35
0
14
56 28 49
(?)
18 67 X
Cents
BONDS.—See application to Ust in full, V. 70, p. 179; also V. 76, p. 267.
In 1901 purchased control of Wool Exchange Co., owning building 260 West
Broadway, subject to first mtge. of $450,000. V. 73, p. 289, 393, 446.
REPORT.—Report for year ending Mch. 31 1910 In V. 91, p. 91, showed
gross profit for year, $2,441,844, against $1,128,736 In 1908-09 and $1,383,772 In 1907-08; bond lnt., $240,000; deprec'n, $505,874; pref. dlv. (5%),
$244,524; com. dlv. (15% on amount paid lh), $810,000; reserve for con¬
tingencies, $300,000; bal., sur., $341,446. Pres., T. C. Waterhouse, 260 W.
B'way, N. Y.: Sec. and Treas., J. G. Wylie.—(V. 89, p. 530; V. 91, p. »1.)
(THE) AMERICAN TOBACCO CO.—ORGANIZATION.—Incorporated
Oct. 20 1904 as an amalgamation, under the laws of New Jersey, per
plan, V. 79, p. 1024, of the American, the Consolidated and the Conti¬
nental tobacco companies.
V. 79, p. 1705. See application to list. V. 80,
p. 168; statements of those companies in this Section for July 1904.
De¬
cision sustaining merger, V. 84, p. 105; V. 86, p. 670.
Government suit,
properties controlled, production, Ac. V. 85, p. 101, 277. In Nov. 1908
the U. S. Circuit Court of Appeals held the company a combination In viola¬
tion of the anti-trust law; appeal to Supreme Court will be re-argued on
V. 87, p. 1301, 1269; V. 90, p. 1046.1364; V. 91, p. 1027.
Jan. 3 1911.
It owns a majority of the common stock of the American Snuff Co. (but
not a majority of all voting stock); also a majority of the stock of the Ameri¬
can Cigar Co., whose $10,000,000 of 4% notes Issued ($20,000,000 author¬
ized) were guaranteed principal and interest by the American and Conti¬
nental companies.
V.73,p. 1113; V. 72, p. 531,1037; V. 78, p. 1394. The
American Cigar Co. owns a majority of tne common stock of the Havana
Tobacco Co.. V. 74, p. 1141, as well as a majority of the common stock of
the American Stogie Co.
See V. 77, d. 148: V. 80, p. 2400: V. 86, p. 110.
The Continental Co. acquired the $3,000,000 P. Lorillard Co. com. and also
$1,581,100 of Its $2,000,000 pref. stock. V. 70, p. 331, 1051; V. 71, p. 646
In 1902 the old American Tobacco Co. and the Imperial Tobacco Co. of
Great Britain sold their export businesses to the British-American Tobacco
Co., Ltd., the capital stock of which Is £6,100,000 authorized, issued £5,820,021, the American Tobacco Co. owning about two-thirds thereof and
the Imperial Tobacco Co. about one-third.
V. 75, p. 735; V. 73, p. 618,
724, 1359; V. 76, p. 868, 921; V. 85, p. 101, 279.
STOCK.—Of the stock authorized, $1,310,900 pref. and $59,757,600 com.
have not been Issued.
The pref. stock has voting power only as the statute
expressly gives the power to vote. See V. 79. p. 1025; V. 80, p. 167,
DIVIDENDS.—On preferred, 6% per annum (Q.-J.): on common.
10% (Q.-Mch.) yearly since early In 1905, with following extras:
1905.
1906.
1907.
1909.
1908.
1910
—
Dec.
Total.
Total.
Total.
June.
Sept.
Total.
Mch.
10%
12H%
15%
22H%
25%
7 X% 7H% 7 H%
BONDS.—The rights of the 6s are prior to those of the 4s.
See V, 79,
on
In Jan. 1905 $51,210,200
p. 1956; V. 80. p. 167.
of the $56,090,400
6%
bonds and $72,757,400 of the $78,689,100 4% bonds authorized had been
listed, with authority to list the balance as exchanged under plan. In Dec.
1905 $15,200,000 of the 4% bonds purchased In the open market were can¬
celed; In 1906, $2,437,000; In 1907, $7,496,000; In 1908, none; In,1909,
$2,202,000. V. 81, p. 1611; V. 84, p. 625, 805.
,
REPORT.—Report for the year ending Dec. 31 1909 In V. 90, p. 693,
showed net earns., $30,448,384. agst. $28,704,405 In 1908; premium on 6%
bonds purchased, $44,411; lnt. on bonds. $5,355,331; dlv. on rem. stock,
(35%), $14,084,840; pref. dlv. (6%), $4,721,346; bal., sur., $6,242,4^,
DIRECTORS.—James B.- Duke (President), Thomas J. Maloney,
Caleb C. Dula, Robert B, Duia, William R. Harris and Perclvai S. Hill
(Vice-Presidents) ^George Arents, AnthohjrN. Brady, Paul BreWn^H. M
Hanna. G. A. Helme, Herbert D. Kingsbury, Robert D. Lewis, Pierre Loril¬
.
■
lard. R. L. Patterson, Oliver
,\
,
vv.
K.-Payna. Frank, H. Ray, Thomas F. Ryan,
•
•.,-k v* ■
■ •« ••
.
—
INDUSTRIAL STOCKS AND BONDS.
[Yol. lxxxxi.
■■
—
■
-
•
-
MISCELLANEOUS COMPANIES
tFtor abbreviations, Ac., see note* on first page]
Date
Bond*
American Woolen—Common stock $40,000,000 authorised..
Preferred stock 7% cum (also assets) $40,000,000 auth
Wood Wonted Min Corp con A
equip notes guar p A t (text)
1 Ayer Mills note* guaranteed principal and
Interest.!.:-..
Ayer Mills con A equip notes guar p A 1 (text)
Amer Writing Paper-Com stock $9,500,000 (V 86, p 422)
_Preferred stock 7% cumulative $12,600,000
P First Met gold $17,000,000 call since July *09 at 105-OB.c*
Anaconda Copper Mining Co—Stock $160,000,000 authorized
Armour & Co—Real estlstM$50,000,000 g red 102 H.xe* Ar*
,
Associated ’Merchants—Common stock
1905
1909
1910
1899
1909
*■
1908
Par
Value
1906
1901
1906
1907
1909
1895
1897
o
622, 636,$1,618,537;
showed. Net
profits.
$5,798,059;Total
dlvs. (7%). $2,610,417;
8.eprec'n.
pref. surplus,
Surplus,
$1,569,105.
$10,514,808.
DIRECTORS.—Wm. M. Wood (Pres.), Frederick Ayer, John
Hogg,
F. W. Kittredge, J. C. Woodhuil, G. E.
Bullard, Andrew G. Pierce Jn,
Geo. L. Shepley and Chas. H.
Tenney;
Sec. and Treas., W. H. Dwelly Jr.;
Ant. Treas.. W. A. Currier: Asst. Sec., Frederic
G. Sherman. Office. Shawmut Bank Bldg., Boston, Mass.—(V.
90, p. 701; V. 91, p. 96, 520.)
_
CO.—ORGANIZATION.—Incorpor-
ated in N. J. on June 25 1899 as a consolidation
of fine writlng-paber mills.
V. 69. p. 25,128. 227; V. 70,
p. 908: V. 80, d.
V. 90, p. 625.
Two dividends Of 1% each, declared payable1172;
in 1907, were paid June
1908 after favorable court derision; 1909,
Oct., 1%; 1910, Apr., 1%;
Ori •, I % •
Of the $17,000,000 bonds, $1,380,000 were In sink,
fund Jan 1910and
$922,000 In the treasury Uncancried. V. 76, p. 540. Report
for cal. year
1909, with bal. sheet. In V.OO. p. 622, showing: Net
Income,
oOQStrih, depr’n. Ac., $1,202,218; dlvs. (1%), $124,599; $1,663,054; int.,
bal., $336,242.
^ N* ^dwell:
Geo:
Holyoke, ’Mas*.—<V7
00, p’. Tre*s-626; Y. 01. p. 872.)
’
ANACONDA COPPER MINING.—See Amalgamated
Copper Co.
$04,
ARMOUR A CO.—ORGANIZATION.—Incorporated
In Illinois Apr. 14
partnership of the
City. South Omaha, East St.
Louis hnd Fort Worth, Tex., Incl. packing houses,
glue works, soap works,
warehouses, refrig, stations, Ad., Ac. See appllc. to list, V. 90,
p. 370.
Stock, $20,009,000, all out; par, $100.
Dlv*. not made public.
BONDS.—Of the “real estate 1st mtge.” 4 Ha ($50,000,000 author¬
ized issue), $30,000,000 were Sold to bay the
floating debt and for
capital, the remaining 620.000,000 being reserved for future working
purposes.
They are subject to can as a whole on any interest day at 102 H and
interest
on 12 weeks' notice and on and after Dec. 1
1914 In parts of not less than
10% of the amount outstanding. The unencumbered
quick assets, includ¬
ing auxiliary Companies, must at all times exceed the
aggregate debt. In¬
cluding the outstanding bonds. No dividends are to be paid
from
earnings subsequent to the fiscal year ending Oct. 24 1908. V. exoept
88, p. 1374.
REPORT.—For year end. Oct. 23 1909 (V. 90, p. 870). total
$10,582,905, against $11,608,474 In 1907-08; administrative receipts.
expense,
$1,676,767; int., taxes, incur.. Ac.. $1,878,193: bal., iur.,
$7,127,926.
OFFICERS.—Pres, and Gen. Mgr.. J.O. Armonft
C. W. Armour;
Sec., C. W. Comes; Treas., F. W. €r<Hl. Office. 205 V.-P.,
La Salle St., Chicago,
IU.—(V. 80, p. 920. 1282, 1412; V. 00. p. 870, 1679? V.
01, p. 210, 702$ *
o
,
In
^ M ERCH A NTS
April 1901JE
In Connecticut underCO.—ORGANIZATION.—Incorporated
special charter, and acquired $4,500,100
of the
$9,000,000 stock of the H. B. Claflln CO. and the business of James
St., which in Dee. 1906 acquired the 34th St. busi84,
a Co. of 23d
MoCreerjr
n*m.
V.
p. 692.
In Dec. 1901
purchased
Stewart A Co.) mid in 1903 the business of Posner Bros.
$259,009 ootn. stock of C. G. Gunther's Sons. 2.000 shares ($200,000) of the
V. 77, p. 449; V. 73, p. 1358.
.
Amount
Rate
Outstanding
When
%
Payable
Last Dividend
and Maturity
$100 $29,501,100
100 40.000,000 7 in" 1516 (W’is
Oct"l5’‘l"o",i %%
1,000,000
4 H
MAS Mch 1911
2,000,000
4 Vi
J
A D June 1 1911
2,000,000
4 V4
MAS Mch 1913-1915
100
9,500,000
100 12.500,000 2 "in" 1910
a""a“”6 Oct'l 1910, 1%
1,000 14.698.000
J
A
J July 1 1919
25 105,500,000 8 In
Oct 19 '10, 2%
Q—J
1,000 Ac 30,000,000
J
A
D June 1 1939
100
7.500.300 See 4*8
text
Q—M Aug3l’10.2K%
100
4,629.900 6 in 1910
Oct 15*10,1 Vi%
Q—J
100
5.119.800 7 in 1910
Oct IS’10.1 M%
Q—J
500, Ac 12,997,120
A
J Jan 1 1959
5 * J O—M
100
5.119.800 See text
Dec 16 1907,1%
100
2.500,000 See text Q—M June 1 1908,2%
1,000
2,000,000
J
A
J July 1 1936
6g
100 14.862,000
100 14,908,000 See text
Feb 1 1907, H%
Q—F
1,000
7,500,000
Q—F
Aug 1 1998
1,000 10.985,000
J
A
J Jan 1 1926
19s,000
J
A
J July 1 *11-’12
1,000
7,500,000
MAN Nov. 1 1914
100 21.250.000 8
F
A A Aug 15 ’10. 4%
100
7,500,000 6 in 1909 Q—M Sep 15*10,1 H%
100
CUmt 1 5 'Oft U %
5,000,000 See text Q _J|
100
4,580,000 7 in 1910
Nov 1 1910, 1 H
100 18,000,000 6 In 1910
Oct 1 1910,1 Vi
1,000 14.698.000
M
A
July 1 1945
2*
1.000
.
1900 as a consolidation or tne various Interests of
the
same name.
Owns plants Ih Chicago, Kansas
....
1,000
1,000
1,000
Grant B. Schley, Robert A. C. Smith, Robert E. Smith, Charles N.
George W. Elkins, Peter A.B.Wldener, Geo. D. Wldener, Thomas B. Strotz,
Yuille,
W. R. Irby.
Trees, to John M. W. Hicks; Sec., J. T. Wilcox.
Office,
111 Fifth Ave., N. Y.—(V. 90, p. 1046, 1241,
1364; V. 91, p. 1027.)
AMERICAN TYPE FOUNDERS CO.—Incorporated In 1892 under laws
of N. J.
See V. 55, p. 625, and adv.
In 1896 the capital stock Was read¬
justed. V. 62, p. 682.
New plant, V. 77, p. 1292; VT 79, p. 1703.
DIv. on com. April 1898 to Oct. 1910 lncl., 4
% per annum.
Ih addition,
in Jan. 1902 6 % scrip. In
April 1903 3 % scrip and In Apr. 1909 2 % scrip was
paid.
Dlv. on pref. paid July 1902 to Oct. 1910 IncL,
1Vi % quarteriy.
DEBENTURES.—Of the 6% debentures dated May 1 1909
($2,000,000
authorized Issue), $1,200,000 were subscribed
by the stockholders or other¬
wise sold.
The remaining $800,000 are to be used to retire the
old deben¬
tures.
A sinking fund of $30,000 and $20,000
additional when the old
debentures are retired will be used to purchase the
debentures at not over
106 or draw them by lot at 106 and Interest.
V. 88, p. 627; V. 89, p. 1068.
REPORT.—Report for year ending Aug. 31 1910, In “Chronicle” Oct. 29
or Nov., showed net
profits over expenses and int., $323,082; dlv. on com.
(4%) $160,000; dlv. on pref., $140,000; bal., sur., $23,082.
Pres., R. W.
Nelson, 300 Communlpaw Ave., Jersey City.—(V. 89,
p. 1143.)
AMERICAN WINDOW GLASS MACHINE CO.—ORGANIZATION.—
Incorporated In N. J. on March 6 1903. V. 76,
p. 596.
Owns exclusive
rights to certain window-glass machine patents In the U. S. See
V. 76,
p. 596, 707. In March 1903 purchased nearly ail of com. stock of Amer.
Window Glass Co. and leased patent rights to latter on
royalty. V. 76,
p. 707, 867; V. 77, p. 2282; V. 79. p. 2644; V.
91, p. 1027.
The Window Glass Co.'s $4,000,000 cum.
pref. stock (In shares of $100)
received dlvs. of 7% per annum March 1900 to
March 1903; no divs. paid
since to July 1910 inclusive.
V. 76. p. 707, 867.
Report of Window Glass Co. for year ending
Sept. 2 1910 (V. 91, p.
1097) showed total Income. $962,546;
charges, $970,499;
Pres., W. K. McMullin; Sec. and Treas., A. E. Braun, bal., def., $7,953.
Pittsburgh, Pa.—
(V. 80, p. 1915, 1974; V. 83, p. 1172; V. 85,
p. 923; V. 86. p. 422.)
_AMERICAN WOOLEN
March
291899 under laws of N. J. CO.—ORGANIZATION.—Incorporated
as a consolidation of the
Washington Mills, Law¬
rence, Mass.; National Providence Mills,
Providence, R. I., Ac.; see V. 68,
p. 472: see also p. 617; V. 69, p. 77; V. 73,
p. 446; V. 71, p. 545.
List of
properties, V. 78, p. 1118; V. 90, p. 622. Official
statement, V. 71, p. 1316.
Mills owned included in their
equipment Oct. 1909 775 sets of cards,
8,495 looms, 325 combs and 6,000,000 spindles.
The Wood Worsted Mill
Corporation, whose $3,500,000 stock is owned,
has built a large mill at South
Lawrence, Mass., for the manufacture of
yarns and men’s wear fabrics; Its $3,500,000
notes, guaranteed prln. A Int.,
$500,000 paid Mch. 1910, $1,500,000 Sept. 1910 and
remainder, $1,000,000,
mature Mch. 1911.
In Aug. 1910 merger with Woolen
Co. was under con¬
sideration.
V. 81, p. 900, 842; V. 84, p.
1054;
V.
86,
p. 599; V. 90, p. 622;
V# ,£l j JP» 822.
Tile Ayer Mills, whose stock Is
owned, Is building a yarn mill at South
Lawrence, Mass; commenced operation In
July 1910; of Its $2,500,000
4K% notes of 1909, guar. prln. A Int., $500,000
paid June 1 1910 and
$2,000,000 matured June 1 1911, and the $2,000,000
4 Vi% notes of 1910
$500,000 each March 1 1913 and 1914 and $1,000,000 March
1 1915.
V. 88.
p. 508; V. 90, p. 622, 701.
STOCK.—In 1909 $5,000,000 new stock was subscribed for
by the stock¬
holders or by a syndicate. V. 88, p. 1622; V. 89,
p. 227.
Dividends on pref. July 1899 to Oct. 1910, both
inch, 7% per an. (Q-J-15).
EARNINGS.-—Report for year ending Dec. 31 1909, at length In V. 90|
E.
! H. HaU.
■
1$10
«
-
AMERICAN WRITING PAPER
—
„
...
First preferred 5% cum (also assets) convertible (text)....
Second preferred cum (also assets) (see text)
Atlantic Gulf & West Indies SS Co—Coll trM gold red text.Eq
Barney & Smith Car—Common stock $2,000.000
Preferred 8% cumulative $2,500,000
First mortgage $2,000,000 gold redeemable at
110.-G.c
Bethlehem Steel Corporation—Common stock $15,000,000..
Pref stock 7% non-cumulatlve $15,000,000 (also
assets)..
Beth Steel purch money mtg for Beth Iron
gold.GP.c* Ar_
Beth Steel Co 1st ext M $12,000,000 g gu red 105
G.c*
do
' serial notes
do
guaranteed
...Q
do
do
secured gold notes guar red 102 H s f _Me.c*
Borden's Condensed Milk—Common stock $22.500,000
Preferred 6% cumulative $7,500,000 redeemable at 110..
Brill (The J. Q.) Co—Common stock
Preferred stock (also as to assets) 7% cumulative
Brooklyn Union Gas—Stock $20,000,000..
First cons $15,000,000 g (for underlying bonds see text)..
G
Buffalo Gas—First M $5,900,000 redeem at 115 gold
N.c*
■
»*
in6101O
5.805.000
5 g
A
A
JN
O Oct
1 1947
Places Where Interest and
Dividends are Payable
Guaranty” Trust ~Co,” N
Brown Bros A Co. N Y
do
do
Y
oidCoion’y TrCo .Boston
Nat City Bank, N Y
Hudson Tr, Hoboken. N J
do
do
do
do
Equitable Trust Co, N Y
Guaranty Trust Co, N Y
111 Broadway, N Y
Girard Trust Co., Phila
Harvey FlskASons.N Y
do
do
Mercantile Trust Co, N Y
By check from Co's office
do
do
By check from Co's office
Chase Nat Bank, N Y
Standard Trust Co, N Y
V. 90, p. 773.
In 1905 acquired the business of J. N. Adam A Co. of Buf¬
falo.
V. 76, p. 540; V. 80, p. 1730; V. 81, p.
776. Also owns $2,400,000
of the $3,000,000 debenture bonds,
$2,000,000 of the $3,000,000 Income
bonds and 800 of the 1,000 shares of stock of the O’Nelll-Adams
Co., a
consolidation In 1906 of H. O’Neill A Co. and Adams Dry Goods Co.
V. 83, p. 274. 561.
In Jan. 1910 the new United Dry Goods Companies
acquired $9,813,100 of the $17,250,000 stock of all
classes, the remaining
stock being given the right of exchange, $
for $, to Nov. 1 1909 for United
Dry Goods common stock. V. 88, p. 1375.
STOCK.—The first preferred is exchangeable at par at holder's option
Into either com. or 2d pref. stock.
In Oct. 1904 the rights to divs. were
amended so that the 1st and 2nd pref. are entitled to receive
H% extra
above 5% and 6% respectively for each
1% the com. shall receive over 7%.
V. 79, p. 1706; V. 80, p. 118, 1915;
V.81,p. 1317. Total authorized stock,
$25,000,000, to be divided as called for Dy conversions. V. 82, p. 707,
931; V. 83. p. 381.
'03. '04. *05. '06. '07. *08. '09.
—1910.—
Common (%)
7
7
7
7
1H
7
7
7
1 Vi, 1 Vi, IK. (—)
do
extra (%)._..
2
2
Vi 1 H
0
2
H.
H,
H, (—)
•Pref. extras (%)_
1
1
H
Vi
H
H. Vi.
Vi,
Vi
•
Payable in quar. installments with reg. 5% on 1st and 6% on 2d
pref.
REPORT.—Report for half-year and entire year end. Aug. 1 1910, with
bal. sheet, was in V. 91, p. 654.
Pres., John Clafiln. Office, Hoboken,
N. J.
New York headquarters. Church and Worth Sts.—(V.
91, p. 654.)
ASSOCIATED OIL CO.. CALIFORNIA.—(V. 91, p. 1027.)
ATLANTIC GULF & WEST INDIES STEAMSHIP
LINES.—Incorp. In
Maine Nov. 25 1908 as successor of the Consolidated SS.
Lines (V. 87, p*
287, 1013, 1090) and owns nearly all the stock of the Clyde,
Mallory, N. YA
A Cuba Mall, N. Y. A Porto Rico SS. Cos. and
22% of the $3,000,00°
Eastern SS. Co. stock.
These cos. had outstanding bond issues Dec. 3
1909 aggregating $18,671,000.
V. 90, p. 1166; V. 88, p. 160.
STOCK.—Auth., $20,000,000 each of common and 5% non-cum. pref.
(also as to assets); outstanding, $14,998,200 common and
$14,996,400
pref.; par of shares, $100.
BONDS.—The auth. Issue of collateral trust 5% gold bonds is
$15,000,000.
The $2,000,000 unissued can only be put out on vote of 66
2-3% of
--
Redeemablecanatbe105brought
any date
{>ref.
oreclo8ure
stock. proceedings
and Int.forondefault
at 105
lot.thanNo2
in Int.
for by
less
years.
V. 88, p. 160.
There are also $827,000 serial collateral 6%
notes due Jan. 1 1911.
REPORT.—For cal. year 1909, with balance sheet. In V.
90, p. 1166,
showed gross earnings of subsidiary cos., $14,007,386; net
profits (those of
certain cos. for 10 and 11 mos. only), $2,903,389; Int. and
186; dividends, $540,000; bal., sur., $479,203.
depr’n, $1,884,-
OFFICERS.—Pres., Henry R. Mallory; Sec. and Treas., A. R. Nicol,
111
Broadway, N. Y.—(V. 91, p. 465.)
BARNEY & SMITH CAR CO.—Re-Inoorporated In Ohio in 1906
per
plan. V. 82. p. 695, 158, 1498.
Pref. divs. resumed Dec. 1899; 2% paid quar. to June ’08,
Incl.; none since
to Oct. *10.
36% in com. stock paid May 1906 for deferred dlvs. V. 82, p.
First dlv. on com. since 1893, 1%, paid 1906; 1907,
695, 1042.
4%; since,
none.
REPORT.—For
ending Mch. 31 1907, V. 85. p. 162.
Interest.
Pref. Div.
Com. Die.
Bal., Sur.
$508,639 $100,000 $200,000 (3%) $60,000 $148,639
602.030
90,000
200,000
(3%) 59,892
252,138
Pres., A. M. Kittredge.
Office. Dayton, O.—(V. 89, p. 165.)
BETHLEHEM STEEL CORPORATION.—ORGANIZATION.—Incor¬
porated In N. J. on Dec. 10 1904 as successor, per plan V. 78,
p. 587, of the
U. S. Shipbuilding Co., and acquired the entire stock of the
Bethlehem Steel
Co. (see *rRy. A Ind.” Supp. Oct. 1002, and V. 77, p. 1744) and the entire
capital stocks of the following shipbuilding concerns:
union Iron Works, San Francisco; Harlan A
Hollingsworth
Wil¬
mington, Del.; Samuel L. Moore A Sons Corp.. EUzabethport,Corp.,
N. J.; “all
free from liens.
Y. 82, p. 1050; V. 85, p. 1520; V. 87, p. 1359; V.
91, p. 278.
DIVIDENDS.—1 H% quar. Aug. 1905 to Aug. 1006, both
ind.; Nov.
H%: 1907, Feb.. H%: since to Oct. 1910, none.
V. 84, p. 573. 931.
BONDS.—The Bethlehem Steel Co.’s 1st extension 5s ($12,000,000 auth¬
orized issue), guaranteed prln. and Int. by the new
corporation, are se¬
cured by a first lien on about 250 acres acquired at
Bethlehem and the Im¬
provements erected thereon.
An annual sinking fund of $300,000
began
July 1908. In Nov. 1905 $8,000,000 were sold, the option on the
remaining
$4,000,000 being exercised March 1907.
V. 81, p. 1612; V. 82, p. 282,
1050, 1499; V. 84, p. 573; V. 85, p. 470, 866.
The $2,500,000 6%
Year—
1907-08
1006-07
year
Net.
guar,
notes of 1907 of Steel Co. mature one-fifth In 3
years, one-fifth In 4 years,
remainder 5 years.
Of the notes, $2,302,000 have been paid and canceled.
V. 8$, p. 910; V. 04, p. 1489.
In Oct. 1909 $7,500,000
Co. 5-year 6% notes dated Nov. 11909 were sold, secured Bethlehem Steel
by one-half of the
company’s interest In the Juragua Iron Co. and guaranteed
by the Bethle¬
hem Steel Corp., which pledges Its holdings of
subsidiary companies’ stocks
therefor. The notes have a monthly sinking fund of
$60,000, beginning
Nov. 1 1910.
The proceeds will be used to retire the
existing $2,500,000
6% notes, and for tmpr’ts.
V. 89, p. 995. 1225, 1282; V. 90, p. #74*T
The Union Iron Works Dry Dock Co., a
subsidiary of the
Works, took over on Nov. 1 1908 the property of San FranciscoUnion Iron
Dry Dook
Co., and issued 20-year 6% purchase money bonds ($866,267
outstanding
Oct 1910). besides assuming $500,000 underlying 5s. V.
88, p. 941.
EARNINGS.—For 6 mos. ending June 30 1910, net profits, Incl. subsidi¬
aries, $1,922,629, against $1,317,195 In 1909; other
Income, $69,520; Int.
on bonds,
Ac., $830,219; baL, sur., $1,161,930. Y* ®l,
276. Net
Income for 8 mos. ending Aug. 31 1910 was
$2,782,566; fixed charges,
$1,111,949; baL, sur.. $1,620,017. V. 91, p. 1037.
7
REPORT.—Report tor cal. year 1909 In V. 00, p. 974, showed total net
Income, Incl. subsld. cos., $2,836,593; bond, Ac., Int., all cos.,
$1,535,701;
appropriation for deprec’n, Ac.* $500,000; bal.. sur.,
$800,810* Total
surplus Dec. 31 1909, $3,268,076.
OFFICERS.—Pres., Charles M. Schwab; Vice-Pres., Archibald Johnston;
2d Vice-Pres., Henry S. Snyder; Sec. and Treas.. B. H.
Jones; Asst. Treas.,
and Asst. Sec.. T. A. McDonald.
Office. Ill Broadway, N. Y*
DIRECTORS.—O. M. Schwab (Chairman),
George R. Sheldon, PUny
Fisk. Archibald Johnston, O. W. Wetmore and Oliver
Wren. Allan A. Ryan.
Wm. U. Baraum and Henry S. Snyder.—(V.
91, p. 278, 1027,>
BORDEN'S CONDENSED MILK
ated In N. J. on Apr. 24 1099. V v. 08,CO.—ORGANIZATION.—Incorpor¬
p. 821; V. 09, p. 1195; V. 74, p.T07.
579; V. 76, p. 650. Pref. Stock to redeemable at 119 after
8 Years from issue
(if lets than the whole to be paid, the number eft shares to be
drawn by let.)
STOCK.—In 1909 $3,750,000 new common was sold
(to shareholdem at
par.
V. 89. p. 165.
' ’
ri fT:T
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]
Buff & Susa Iron—-See Rogers-Brown Co.
Bath Terminal Co-—Common stock
8% non-cumulative 41,500,000...
Preferred-4%
First mtg (V 76, p 074) conv sink fund since’07
jlldated mortgage $10,000,000.i..*
First consollt——,
.
.
Bush Term Bldgs Co Mlll.000.000 auth guar
Butts Electric ft Power—Common Stock
Preferred stock 6% cumulative $1,000,000-------
Value
Cambria Iron—Stock <4% guaranteed)
Cambria Steel—Stock $50,000,000.
Mfrs* Water Co 1st M $4,000,000 g gu
f red text
OP
Celluloid Co—Stock $6,000,000 authorized-.-.
Fireworks—Common
Central
stocky$1.750,000
Preferred stock 7% cumulative $1,750,000
Central Foundry—Common stock $7,000,000..............
Preferred stock 7% cumulative $7,000,000. _____
Debentures $4,000,000 gold redeemable at 105—.....
Central Leather Co-—Common stock $40,000,000
—_
Preferred 7% cumulative $40,000,000 (also as to assets)..
First lien gold bonds $45,000,000
....—----U S Leather deben.gold sink fd 4% sub to call at 110-.Ce
s
100
1,000
3.260,000
l,000j 6,629.000
1,000 None Oct’10
100
4,000.000
100
1,000,000
4,062,000
1,000
500 &c
1,409,000
500 fto
604.000
2,408,000
1,000
100 14,647,200
25
2,500,000
50
8,468,000
30 45,000,000
4,000,000
1,000
100
5,925,000
1,406,800
1,267,200
100
6,650,000
100
6,650,000
3,863.000
1,000
1002
1905
1910
1901
1908
1903
1905
1909
1899
100
100
1905
1893
1,000
*09. *10.
888888888
2
1H 2
2 2
Pres., S. Frederick Taylor.; V.-P., Walter M. Gladding; Treats., F. D.
Shove; Sec., Sidney J. Pearson, 108 Hudson St., N. Y.—(V. 91, p. 1097.)
1902. *03. *04. *05. *06. *07. *08.
DIVIDENDS.
On Common (%)
Extra
....
BRILL (THE J. G.)
vania Aug. 1 1906;
various companies
CO.—ORGANIZATION.—Incorporated In Pennsyl¬
Owns practically entire stock of
organized Feb. 1907.
manufacturing cars, chiefly electric, and appliances
therefor. See V. 85, p. 1400; V. 86, p. 1102.
STOCK AND BONDS.—Of the preferred stock, $420,000 unissued Is
reserved to retire the $400,000 5% bonds on the John Stephenson ft Co.
plant due Dec. 31 1925, but subject to call at 105. No other bonded debt
and none can be created without the approval of 75% of preferred stock.
DIVIDENDS.—On pref. stock. May 1907 to Nov. 1 1910, 7% yearly
(Q.-F.). On common, June 1907 to March 1908, 1% quar.; June and Sept.
1908, M of 1%; none since to Oct. 1910.
V. 87. p. 1009.
REPORT.—For calendar year 1909 In V. 90, p. 501, showed: Gross, $2,”
868,395; net, $130,784; pref. dlv. (7%), $320,600; bal., def. $189,816.
Pres., James Rawle; Treas.. Edward Brill; Sec., M. Herman Brill.—
(V. 87. p. 1090; V. 88. p. 508 , 999; V. 89, p. 350, 449, SOI.)
BROOKLYN BOROUGH QAS CO.—V. 81, p. 1102; V. 90, p. 629, 773
BROOKLYN FERRY.—See New York Terminal. Issue Jan. 1909.
Bat#
When
%
Payable
$3,500,000 See text
1,500,000 5 In 1910
$100
$7*000,000
K.c*
c*
pf.--c*&r
$5,000,000 autfa._
First mortgage gold sink fd due part v ly June l.-Usm.c*
Joint M (Bll ft Fast Mont Power) $5,000,000 red cony c*
Montana Power Transmission $750,000 g gu p ft 1 call 105
Madison River Power 1st M $5,000,000 g gu p & 1 call 105
Amount
Outstanding
Par
Date
Bonds
J43
BONDS.
INDUSTRIAL STOCKS AND
[Ocjt.,1910.
i*
Places Where Interest and
Dividends are Payable
Last Dividend
and Maturity
July 15 *10. 2%
1 '10,2 H%
jeetext,
KnlckerbockerTrCo, N Y
A A 4JST
Apr 1 1962
Title Guar ft Tr Co. N Y
J
ft
J Jan 11955
“
Apr 1 1960
Art*
Q—J O
,
Oct 1 *10. 1H Checks mailed
do
Nov 1 *10.1 H%
Q—F
C S Mort ft Tr Co. N
J
ft D June 1 ’ll-’Ol
KnlckerbockerTrCo, N
J ft
D June 11934
30 Broad Street, N Y
Aug 1 1933
do
do
Feb 1 1985
Sept 1 *10. H% Checks mailed
See text
Sept 28 *10.28%
108 In *09
ft O Oct 1 *10. 2% Checks 'mailed ’
4 In 1910 A
do
Nov 15*10,1 M %
See text
Q—F
See text
5 In 1910
fi
I!
-
Y
Y
\ l i
8=8
J
ft
in51910 SeeQ—J
8
See
See
Girard Trust Co, Phlia
1H Office. 36 Wash PI, N
D June 1 1939
Oct
1 *10.
text Sept $907. M% Checks mailed
text
text See
text Sep
Y
do
1*09. ZM%
Baring ft Co. New York
MAN May 1 1919
6 g
39.699.644
Checks
mailed
Q—J Oct 1 *10,1 H%
33.299.050 7 In 1910
Central Trust Co, N Y
A
ft O Apr 1 1925
36,764,150
56 8g
3,585.000
M
ft
Nat Park
N May 1 1913
Bank, NY
CO.—ORGANIZATION.—Incorporated in N. Y. on Jan.
BUTTERICK
manufacturing
15 1902.
Owns stocks of various cos. publishing magazines,
paper patterns, ftc.
See V. 75, p. 237.
was on
orized to be Increased from $12,000,000 to
Stock
Oct. 19 1909 auth¬
$15,000,000, to acquire the
$1,000,000 Ridgway Co. stock, of which $682,400 purchased in Oct. 1910.
Rldgway Co. has out $423,400 first 7% bonds due Nov. 15 1916.
Underlying bonds, $1,200,000 Federal Pub. Co. collateral 6s due 1920;
payable 10% yearly beginning 1910, erf which $600,000 has been retired*
and $600,000 Butterick Pub. Oo. 4M% real estate mortgage, maturing
Sept. 7 1914; other real estate mortgages,
DIVIDEND. 11902. *03. *04. *05. 1906.
$110,000.
1910.
1907. 1908. 1909.
4
4
4
4
3
1M 2 H To Sept., 2)4
REPORT for year 1909 in V. 90, p.847, showed profits. $453,657, agst$341,547 in 1008 and $259,678 Jn 1907; dlvs. received on Ridgway stock*
$19,700; dlvs. (2)4%), $287,730; bal., sur., $185,627.
Pres., G. W.
Wilder, Treas., C. D.Wilder, Butterick Bldg., N.Y.Clty.—(V. 90, p. 847.)
CALUMET ft HECLA MINING.—Stock. $2,500,000; par, $25. Control®
La Salle Copper Co., a consolidation Jan. 1907, with $10,000,000 authorized
V. 84, p. 223; V. 85, p. 280.
stock.
Also acquired In 1907 a large Interest
in the Allouez. Centennial Copper and Osceola Consol. Mining, and other cos.
and in Feb. 1909 additional holdings for $8,519,000, on account of which
were sold $4,134,000 4% and $1,685,000 5% 3 to 10-year notes redeemable
at par and 102 respectively; $1,700,000 3-year 5% notes and $1,000,000
3 to 10-year notes red. at par. V. 88, p. 688; V. 84, p. 452; V. 85, p. 280;
Percent
J; 2
5%
686. 566.
QAS.—Incorporated In N. Y. State Sept. 9 1895.
p. 1141; V. 64, p. 887; V. 80, p. 1854.
1910.
DIVID’S.— I*01. *02. *03. *04. *05. *06. *07. '08.
1909.
law, V. 82, p. 1042, 1103, 1214.
Per cent
1180 100 140 160 200 280 260 80 20 24 32 32 To Sept., 88
In 1909-10 produced 36,054 tons of refined copper, against 41,408 In
STOCK, &c.—Stock was authorized Dec. 30 1903 to be Increased from
1908-09. r Report for year end. Apr. 30 1910 in V. 91, p. 271.
PTes.,
$15,000,000 to $20,000,000 for extensions and Improvements, and conver¬
sion of $3,000,000 debentures which matured Meh. 1 1909.
V. 88, p. 608. Quincy A. Shaw.—(V. 90, p. 078, 1492; V. 01, p. 271, 485.)
DIVS.— 11898-1900 1901-1903 1904 1905 1906 1907 1908 1909 1910
CAMBRIA STEEL CO.—Incorporated in Pennsylvania in Nov. 1898, per
Per cent...t 6 yearly
8 yearly
9hi
8H 3
0
5)4 6
6
plan, V. 67, p. 688, leasing Cambria Iron Co. for 999 years at 4% on $8,468,000 stock. V. 68. p. 128; V. 75, p. 443; V. 76, p. 862; V. 78, p. 1166.
BONDS.—Mortgage of 1895 Is for $15,000,000 of bonds, subject to:
In June 1901 a controlling Interest was acquired by Penn. RR. and af¬
Interest.
Maturity.
Bonds—
Outstanding.
filiated
roads. V. 72, p. 1282, 1190; V. 78, p. 84, 393; V. 82, p. 1409Citizens'Gascon, mortgage-5% F. ft A.
$264,000
Feb. 1 1940
DIVIDENDS.—Since reorg.: 1902 to Aug. 1909, Ind., 3% yearly; 1910,
Union Gas. L. con. mtge—5% J. ft J.
38,000
Jan. 11920
Feb., 2)4% (s.-a.); May, 1)4% (quar.); Aug., 1)4%: Nov., l»%,
V. 00,
REPORT.—Report for calendar year 1908 in V. 88, p. 682. In 1909,
p. 239, 770.
M
gross, $8,359,484; net (over taxes), $2,816,829; other Income, $23,863;
lnt. on bonds, &c.. $1,200,693; dlvs. (6%),$1,080,000; bal., sur., $559,999.
BONDS.—The Manufacturers’ Water Co. guaranteed 1st mortgage
bonds ($4,000,000, all Issued) are redeemable on any Interest day at
In 1908, gross. $7,947,729; net. $1,651,260.
Pres., James Jourdan; Treas., E. R. Chapman.
Office, 180 Remsen St., 101 and interest out of the sinking fund ($150,000 yearly, beginning 1912)
and also at 102 M In blocks of $500,000 or over. V. 88, p. 1376; V. 90, p.770.
Brooklyn, N. Y.—(V. 88, p. 682. 688; V. 90, p. 916,1365; V. 91, p. 1097.)
BUFFALO QAS.—A consol. In 1889. See listing, V. 77, p. 34. Stock, Form of guaranty, V. 90, p. 1365.
REPORT for 1909, with balance sheet was In V.90, p.769. showing: Net,
common, $7,000,000; pref., 6% non-cum., $2,000,000, of which $1,713,000
outstanding: par, $100.
Report for year 1908 In V. 88, p. 134. In 1909:
$2,016,039; other Income, $908,239; charges, $386,191; dividends (4%).
Net, $296,515; interest on bonds, $290,250; bal., sur., $6,265.
A. C. $1,800,000; depreciation and lmprov. funds, $700,000; bal.. sur., $38,087.
Pres., Charles S. Price.
Office, Arcade Bldg., Phlia.—(V. 90, p. 1365.)
Humphreys, 165 B'way, Pres.—(V. 87, p. 1662; V. 89, p. 1283, 1844.)
BROOKLYN UNION
V. 88, p.
per plan V. 61. p. 831, and V. 62,
Suit to test validity of 80-cent gas
COMPANY.—ORGANIZATION. &c.—Incorpor¬
extensive termi¬
V. 76, p. 974,
V.
88. p. 183.
1039;
SECURITIES.—Stock authorized, $7,000,000 com. (par of shares $100
each), of which $3,500,000 Is outstanding, the balance having been reserved
for the conversion of 1st 4s of 1902 at option of the holders, dollar for dollar,
up to Jan. 1 1910.
Dlv. on pref., 5%. paid Feb. 1906; Feb. 1907, 2K%;
1909, 5%; 1910, 5% (J. ft J.), First dlv. on com., 2%, July 1910.
Of the 50-year consol. 5s, $3,371,000 are reserved to retire the 1st 4s
of 1902.
See listing application. V. 88. p. 163; V. 79, p. 1956; V. 80, p. 999,
BUSH TERMINAL
ated In New York on Feb. 10 1902 (V. 74, p. All).
Owns
nals on the water front. 40th to 51st streets, Brooklyn.
1032; V. 77, p. 1227; V. 79. p. 1956; V. 82, p.
1005, 1177: V. 61, p. 1243; V. 90, p. 1427.
The stockholders voted Nov. 29 1909 to
sinking fund 5% bonds of the Bush
from Bush Land Co.) secured by mtge.
guarantee $12,000,000 50-year
Terminal Buildings Co. (changed
of New York
and 2d and 3d aves.,
A block will be sold to refund
Brooklyn, and property hereafter acquired.
the $600,000 consol. 5s due April 11910; remainder reserved for Improve'ts,
as
trustee on property
to Columbia Trust Co.
between 28th and 37th sts.
V. 89. p. 848.
EARNINGS.—For 2 mos. ending Feb. .28
&c.
1910, gross (Ind. net RR.
$73,942;
dept.), $208,894; net, $151,733; other Income, $5,957; bond lnt.,
taxes, $16,700; sink, fund, $5,433; bal., sur., $61,615.
REPORT for year ending Dec. 31 1909 In V. 90, p. 1167, showed:
Gross,
$529,868; dlv. on
Eref.
$75,000:
bal., sur.,
$298,468.Sec.,Pres.,
Irving
Bush;
t. C. <5%),
GreenT.and
E. C. ParSlmonds
and Herbert
Boughton;
H. W.
Office, 100 Broad St.. N. Y.—(V. 90, p. 629, 1167, 1427, 1615.)
part.
BUTTE ELECTRIC & POWER CO.—ORGANIZATION.—Incorporated
tn N. J. In 1901 as a consolidation of the light and power companies In Butte,
Mont., and vicinity. See full statement July 1908, V. 87, p. 41; V. 86, p.
Ill; V. 87. p. 547; V. 82, p. 394, 572. 1441; V. 88. p. 1623.
DIVIDENDS.—On pref.. 1 H% quarterly paid Nov. 1901 to Nov 1910.
On common, 1H% paid semi-an. March 15 1903 to Sept. 15 1905; Dec.
15 W05. 1^:11n 1906 to Sept., t% quar.;Dec. 1906 to Sept. 1907, 1 H
quar.: in July 1908,1H %l Oct., 1M %; 10OT7 6% (Q.-J.): 1910. Jan.. 1
$1,160,970; net, $867,780; other Inc., $35,556; charges,
Treas.,
April, 1M%; July, 1«%: Oct.. 154%.
BONDS.—Additional 1st 5s of 1901 may be Issued for 75% at cost of ex¬
tensions and Improvements.
Of the bonds $25,000 mature yearly to 1930,
Ind.. $320,000 in 1931, and balance, including further amounts Issuable,
win mature In 1951.
V. 80. p. 713; V. 73, p. 189; V. 82, p. 1441; V. 88.
p. 1623.
Madison River guar, bonds are reserved for 80% of actual cost
extensions
and
Improvements.
V. $1, p. 615,1045: V. 64. p, 511; V. $7,
of
1482; V. 90, p. 113.
Montana Power Transmission 5s, V. 61, p. 615;
V 69,0.1251.
■
■
The joint mtge. 6s of 1908 ($5,000,000 auth. issue) are secured by a flint
lien on the property of the Billings ft Eastern Montana Power Oo. and a
refunding and extension mtge. on all present and future acquired property
of the Butte Electric ft Power Co. nnd Madlson River Power Oo.
They are
redeemable wholly or in part at the option of the cos. at 105% and lnt. on
any lnt. date on and after June 1 1913. unless previously converted, and
$1,000,000 of the Issue are convertible at par Into the com. stock of
Butte Elec, ft Pow. Co. ht par at the option of the holder at any time after
Dec. l 1910.
In case of convcrsloa. ttaebonds will be redeemed at 105 and
accrued Interest. V. $7, p. 41. • :}:'Dec. 31 1909, net Income, $625,901; 1mREPORT. -For year <
.
the
,
If^ocre; l^hud
Treas., P.
E,
^island.
N. Y. oftlce. 30
Broad
CAR LIGHTING & POWER
in Maine Dec. 28 1908 as su<
Co. per plan
authorized, $8,000,000; par
CELLULOID
of shares, $25 each.—(V. 88, p.
COMPANY—ORGANIZATION.—Incorporated Nov. 28
Stock, $6,000,000; Issued, $5,925,000;
-1910.DIVIDENDS.—1*97. *08. *00. *00. *01.
Percent
) 4 AM 6
7
7
8 yriy. (Incl. Dec. *09) 8%
Factories at Newark, N. J.; office, $0 to 36 Washington Place, N. Y.
Pres.. M. C. Lefflerts; V.-P., L. E.Defferts: 2d V.-P., D. G. Maynard; Treas..
F. R. Lefferts; Sec., Carleton Montgomery.—(V. 82. p. 754.)
CENTRAL FIREWORKS CO.—ORGANIZATION.—Incorporated l»
New Jersey June 1896. "Properties controlled, see V. 72, p. 941.
DIVS.—
Aug. *00 to Aug. *03. *04. *05. *06. 1907.
*09. 1910
Common .%
yearly.
2 IHjl(HM-S) 0
4
M
0
Preferred % In full to Sept. 1907.
y
»
0 7
0
Pres., Wm. A- Turner; Sec. and Treas., Geo. T.
There are no bonds.
to
86,
Egbert. Office,
Park Place, N. Y.—(V.
p. 605; V. 86, p. 750.)
CENTRAL FOUNDRY.—Incorporated In J*ew
1890 in New Jersey.
r08.
said ‘
ad acquired manufactories of soil pipe
U. S.; V. 09, p. 178: V. 71.p.
81, p.
. ... „.
525.
Owns ml $1,000,000 Central Iron ft Coal Oo. stock
Central Radiator stock. On Feb. 111910 the U S.
Court
122?;If.
and $200,< .
District
appointed
Waddlll Catching* receiver of the Foundry Co., there being $731,76i floating
debt. The receiver estimates the assets as worth over $2,500,000 as a going
concern.
V. 90, p. 079.
Receiver’s certfs. authorized, $200,000, of whiph
the $50,000 issued were retired in Aug. 1910.
V. 01, p. 898.
Protective Committee.-—J. N. Wallace. Chairman. Franklin L. Babcock,
Sec., Central Trust Co.,N. Y..and Baring Bros, ft Co., requested deposits
of debentures, dalms and other debts.
V. 90, p. 504, 561, 970.
Of deb. 68 of 1899 shown above as outstanding, $296,000 were on Dec.81
1908 betd in treasury as an investment.
In 1908 were sold $1,000,000 Cen¬
tral Iron ft Coal Co. bonds of an auth. Issue of $2,000,000 30-year 6s due
Aug. 1 1938 <not guaranteed), but subject to call at 105: lnt. paid F. ft A.
at office, 37 WaliSt. V. 37, p. 432, 547.
Fiscal year ends Dee. 31. Re¬
port tor 16 mos. ending Dee. 3119€
$474,873; bond Interest, $347,670:
259; ftal., def., $6415$. Net earnings c
ooe. over charges were $116,044 additional.
77^
^
Directors Aug;10O7,
a*h“
„
V. 65,
V. 01,
“ p. 398.)
CENTRAL LEATHER CO —ORGANIZATION.-^-Incorp. In N. J. on
Apr. 12 1905 as reorganization per plan V. 79, p. 2751, of the U. S. Leather
CO. (V. 56, p. 767; V. 57* p. 23; V. 71, p. 817; V. 81, p. 218, 600,1176,1852:
V. 96, p. 1173).
Output, Sole leather. The old U. S. Leather preferred
stock per $100 received In new securities $50 bonds, $50 preferred and $2$ 80
common stock (except about $4,100,000 Which received the equivalent ot
about $130 per share) and the old qomomn $30 Jn new
561, 629,
St., >r. Y.—(Vi90iP. 504,
504,061,
029. 773, 078;
Statement Jto
504;
...
$18,858,350 bonds.
NewYork Stock Exchange, y. 81. p.
STOCK AND BQNDS.—Of the securities.
,
fg98.06O
own- Xtock were In 1000 reaerypd fc> row
additional properties* w
850 pref. and
debentures ana for
bonds will be
secured by a 1st mtge. on all
*
144
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEOUS COMPANIES
[For abbreviations, Ac.,
see notes on
Date
Bonds
first pace]
Central & South American Teleg—Stock auth
*14,000,000-Central Union Teleph Co—1st M *2,500,000
gold call 105-.IC
Consolidated mortgage *6,000,000 gold redeem
105--OB.C*
Chicago Edison Co—-See Commonwealth Edison Co.
Chicago Junction Rys & Union Stock Yards—Common
Par
-
iTooo
100
100
1890
1900
1908
1910
1,000
1,000 Ac
1,000
100
1901
1901
1889
1893
1904
1889
1901
1911
1897
1,000
1,000
*
A
?. 92. Bonds, *2,602,950 (extended
.
DIVIDENDS.—On
pref., 6% yearly (Q.-J.).
On common, 1891, 10%;
1892 to Oct. 1 1910, Inclusive, 8%
yearly (Q.-J.). V. 70, p. 328, 1038.
BONDS.—The collateral trust bonds are
shares of the stock of Union Stock Yards A secured by pledge of 130,840
Transit Co.
Of the *14,000,000
4% bonds, *10,000,000 are reserved to take
up the collateral trust 5s.
See
V. 70, p. 1251; V. 72, p. 389; V. 86,
p. 664.
In March 1908 made *3.000.000
realty and Improvement 5% mtge
V. 86, p. 664, 1409; V. 90, p. 444.
Un. Stock Yards A Tr. Co. In 1910 Issued
*500,000 deb. 4 Jis. V. 90, p. 56.
REPORT.—Report for 1909 in V. 90, p. 444:
Year ending Dec. 31—
1909.
1908.
1907.
Dividends of U. S. Y.
720,170
910,000
1,545,328
45,873
660,000
910,000
*1,861,893
1,314,025
60,590
660,000
910,000
Balance, surplus
*2,141,437 *1,843,943 *1,545,328
Un. Stk. Yds. & Ry. Co.—
1909.
1908.
1907.
1906.
Gross earnings
*5,057,981 *5,202,471 *5,903,372 *5,471,866
Net earnings
2,148,494
2,189,924
2,226,687
2,039,982
Prince (V.-P.), Geo. P.
Gardner (1st V.-P.), Gordon Abbott, E. N. Foss of
Boston; Guy Norman,
Newport, R. I.; John A. Spoor, Chicago; W. D. Guthrie, Wm.
C. Lane,
N. Y.; Samuel S. Dennis,
Newark. N. J. N. Y. office, 25 Broad St.—
(V. 88, p. 660; V. 90, p. 55, 444. 1615; V. 91, p.
1027, 1095.)
DIRECTORS.—Nathaniel Thayer (Pres.), F. H.
CHICAGO PNEUMATIC TOOL
CO.—ORGANIZATION.—Incorporated
In New Jersey on Dec. 28 1901 as
a consolidation.
Afterwards acquired
several properties.
In 1904 began to manufacture electric tools and In
1906 rock drills.
Mortgage assumed, *45,000.
DIVS.—
(1902 1903. ’04. *05. ’06.
’07. '08.
1909.
1910.
Percent
\ 6
7X
X
3
4
4
0
0
Below
In 1910. Aorll. 1%: July.
1%; Oct., 1%.
*9.571.000
2,500,000
3,500,000
6 in 1910
0 2
J
6 g
J
6,500,000
6,500,000
10.000,000
8 in 1910
6 in 1910
4.000.000
1.225,000
Q—J
A
A
Last Dividend
Maturity
Places Where Interest and
Dividends are Payable
Oct 8'10, IH% Office 66 Broadway, N Y
J Jan 1 1916
Illinois Tr A S Bk, Chic
J Jan 1 1919
Old Colony Tr Co, Boston
Oct 11910, 2% Office. 25 Broad St, N Y
do
do
1*10,1H%
Central Tr, N Y; A Lond
July 1 1915
Apr 1 1940
Standard Trust Co, N Y
Mch 1 1928
do
do
Jan 1 1920
First Tr ASav Bank, Chic
Oct 25 '10, 1% Checks mailed
Dec 31 1921
Nat City Bank, N Y
Oct
8=3
A
J
J2
4 g
J
A
5
MAS
500.000
and
A
J
A
O
J
8:
£
880.000
567,000
{2
5 g
A
4,600,000
2,000,000
20,000,000
8 g
4 g
J
A O Apr 1 1919
MAN May 1 1951
A
Q—J
Jan
Jan
1 1961
1 2397
Knickerbocker Tr Co,NY
Knickerbocker Tr Co,NY
F L A T Co A Office, N Y
BONDS.—Of the bonds (*2,500,000 authorized),
*2,300,000 has been
issued, *508.000 redeemed by sinking fund
of *50,000 yearly; mtge. trustee.
Lawyers’ Title Insurance A Trust Co., N. Y.
V.
74, p. 208.
for 3 mos. ending Sept. 30 1910 applicable
reported as *210,000; 4% on pref. (yearly requirement)
V. 91, p. 947, 520.
For 3 mos. ending March 31 1910
(partly estimated), gross profits, *233,000, against *75,000
In 1909; deprec.,
*45,000; lnt. and slide, fund, *42,000;
dlvs. (1%), *64,000; bal., sur.,*82,000
REPORT.—Report
for year ending Dec. 31 1909, with balance sheet,
was In V. 90,
p. 500, showing: Net profits, *558,928; lnt. on bonds, *118,150; sink, fund, *50,000: depreciation,
Ac., *140,168; bal., sur., *250,610.
OFFICERS.—Chairman of Board, John R. McGInley;
President, W. 0.
Duntley; V.-P., Charles Booth; 2d V.-P., G.
A. Rees; Treas.,
Leroy
Beardsley; Sec. and Asst. Treas., W. B. Seellg. Executive
Joseph Mohr, Chas M. Schwab, J. R. McGInley, W. O. DuntleyCommittee,
and
W.
A,
Mitchell.
Directors (April 1910), Chas. M.
J. W. Duntley, W. O.
Duntley, J. R. McGInley, W. A. Mitchell, A.Schwab,
W. Maconochle, Joseph Mohr,
and Oliver Wren.
General office, Fisher Bldg., Chicago;
N. Y. office,
50 Church St.—(V. 90, p. 561,
1104, 1241; V. 91, p. 520, 947.)
CHICAGO (BELL) TELEPHONE CO.—Incorporated in Illinois
Jan.
EARNINGS.—Net earnings
to dividends were
calls for *260,000.
1173.)
*1,914,489
Payable
_
1908
CENTRAL & SOUTH AMERICAN TELEGRAPH.—Owns cable
from
Vera Cruz, Mex., to Valparaiso,
Chill, 4,750 miles, and land lines 350 miles,
Ac.
Also the Trans-An dine telegraph lines,
1,200
miles.
Connects
at
Vera
Cruz with Mexican
Telegraph Co., and owns an Interest in cable and dupli¬
cate cable between Galveston and
Coatzacoalcos, 825 miles, Ac. New
cable between New York and
Colon, Isthmus of Panama, was completed
about Aug. 1907; of this, 738 miles
from New York is owned by Mexican
Telegraph Co. and 1,563 by C. A S. A. Co. V. 84, p.
1054, 1117.
STOCK.—Stockholders .voted Feb. 9 1909 to increase the
authorized
Stock from *12.000,000 to *14,000,000.
V. 88. p. 297, 453.
DIVIDENDS.—
( *85. *86. ’87. ’88-’96. ’97.1898 to
Oct. *10.
Percent
\ 4
4
6 7 y’ly.
6 54 6 yearly (Q.-J.).
In 1890 20% in stock; In
1907, 25% in stock. V. 84, p. 1184.
EARNINGS.—For 9 months ending Sept.30 1910
(partly estimated):
9 Months—
Total Inc.
Net Inc. Div.(4H%).Bal.,Sur.
1910 (partly estimated)
*1,283,500
*789,450
*430,695 *358,755
1909 (partly estimated)
1,203,000
717,200
430,695
286,505
Report for year ending Dec. 31 1909, In V. 90,
912, showing: Gross,
*1,665,029; net, *997,046; dlvs. (6%), *574,260; p.
cable repairs,
bal., sur., *404,446.
Office, 66 B’way.—(V. 90, p. 912; V. 91, *18.339;
p. 873.)
CENTRAL UNION TELEPHONE (INDIANA).—The
company controls
the Bell telephone business in
Ohio with the exception of Cleve¬
Indiana,
in
land and Cincinnati, and in Illinois
excepting Cook and four other counties.
The stockholders on March 16 1910
approved a plan for
capitalizing the,
floating debt by the organization of corporations
In Ohio and Indiana.
V. 90, p. 851, 1173.
Subscribers Jan. 1908, 193,741.
V. 87,
93. Stock outstanding Sept.
1908, *5,450,927; *4,315,590 was owned p.
by Amer. Telep. A Teleg Co.,
which also holds the floating debt,
amounting, It Is said, to about *15,000,000.
V. 73, p. 901.
See V. 72, p. 1190; V. 73,
Sub-licensees, V 82, p. 1375; V. 83, p. 98. Of the p. 618; V. 81, p. 213.
*6,000,000 consol. 5s,
*2,500,000 are reserved to retire 1st 6s. V. 73,
p. 446; V.
570; V. 71, p. 86.
Report for cal. year 1907 In V. 87, p. 92,68, p. 379, 472,
showed/gross,
*4,611,486; net, *1,240,809; lnt. on bonds, Ac.,
$1,114,449; bal., surp.,
*126,360. In 1909 gross was about *5,000,000.
Pres., L. G. Richardson.
Office, Telephone Bldg., Indianapolis.—(V.
87, p. 92; V. 90, p. 851.)
CHESAPEAKE & DELAWARE CANAL.—Owns canal from
Delaware
City to Chesapeake City, Md. In June 1893 bondholders
were asked to ac¬
cept 4% Interest (in place of 5%) until contingent
fund, reduced to *49,613,
should again amount to *100,000.
In 1907 the United States
Commission
recommended purchase of canal for *2,514,290.
V. 85, p. 341; V. 83,
In 1886);
due July 1 1916; Interest
A J.
Interest is payable at the office
in Philadelphia.
Report for
year ending May 31 1908 In V. 87,
p. 412.
In 1909-10: Gross receipts,
*179,038; maintenance of canal, *65,396; net,
*113,641; Interest charges,
*104,118; balance, surplus, *9,523. Stock,
*1,903,238; par, *50. Pres.,
Coleman L. Nicholson.
Office, 528 Walnut St., Phila.—(V. 90,
p. 1556.)
CHESAPEAKE & OHIO CANAL.—“Supp.” 1890; V. 81,
p. 268.
CHICAGO JUNCTION RAILWAYS & UNION
STOCK YARDS.—OR¬
GANIZATION.—Incorporated In 1890 In New Jersey, and purchased
of the stock of Union Stock Yards A Transit
98%
Co. of Chicago.
Thus controls
over 450 acres of land (with
one mile of water
front),
containing
ware¬
houses, sheds and pens to accommodate 75,000
cattle, 300,000 hogs, Ac.
In 1907 N. Y. Cent. A Hud. River
RR. Interests acquired the 46 miles
outer
belt line of the Chicago Junction
Ry., assuming the *2,500,000 bonds, and
giving *2,500,000 new bonds In payment. V. 85,
p.
159;
V.
86, p. 664.
See Chicago Junction Ry. Government
suit, V. 90, p. 1615.
In Oct. 1910 unknown interests
purchased *1,650.000 stock at $160 per
share.
V. 91, p. 1027, 1095.
50,727
When
%
6,485,800 See text
Q—J
1,792,000
J
8 fir
A
J
100 27,000,000 See
text
Q—M Sept 30 *10, 2%
1,000 &c
5,000,000
J
A
D Dec 1 1923
New York and Chicago
100
3,829,100 8 in 1910
9—J Oct 15 '10, 2% Checks mailed
100
2,600.300 5 in 1910
—F
Nov
do
1*10,
1H%
do
100
2,570,600 6 in 1910
F
Nov 1*10,1
do
do
100 34,235.500
100
2.000,000
Feb 20 1903
1,000
993,000
F
A A Aug 1 1911
See text
1,000
J*
43^,000
3 g
MAN
May 1 1919
Metropolitan Tr Co, N Y
1,000
5.441.000
F
A A Feb 1 1943
Chase National Bk, N Y
1,000 38,877,000
8 g
F
A
A Aug 1 1934
New York Trust Co, N Y
DIRECTORS.—Edward C. Hoyt, A. Augustus Healy, Walter G.
Garritt,
P. A. Valentine, Nathan Allen,
Eugene
J. Lapham, Robert E. Paine, Lewis H. Horton, Samuel P. Davidge, John
Lapham, L. C. Krauthoff, Geo. W.
Childs, Chas. W. Allen, Van A. Wallin, Frank W.
Simmons.
OFFICERS.—Pres., E. C. Hoyt; 1st V.-P., Walter G. Garritt; 2dV.-P.,
John J. Lapham; 3d V.-P.,
Eugene Horton; Sec., Fred E. Knapp; Treas.,
Geo. W. Plum.
N. Y. offices, 45-49 John St.—(V.
90, p. 558. 561,
*1,978,391
1,843,943
Rate
1,000
WDebentures of U. S. Leather Co. have
sinking fund 4% of issue yearly
and are purchased or drawn at
110, *9,653,000 have been certified, but in
Jan. 1910 only *3,585,000
outstanding. V. 74, p. 732; V. 57, p. 23.
DIVIDENDS.—On pref., Oct. ’05 to Oct. ’10. Doth incl., 1
H% quar.
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for year ending
Dec. 31 1909 was In V. 90, p. 558,
showing:
net Income, lncl. subsidi¬
Total
aries. *6,882,366; Int. on bonds and
debs., *1,964,429; pref. dlv. (7%),
*2,213,461; dlv. U. S. Leather Co. pref. outstanding to Oct.
1 1909, *201,380; bal., sur., *2,503,095.
Co., Ac
Balance previous year
General expenses, rents, Ac
Interest on bonds
Dividends
Outstanding
*100
1906
1899
stock
Preferred 6% cumulative (preferred also as to assets)
Collateral trust gold * or £
Ce.c*
Mortgage and coll trust ref gold bonds *14,000,000.S.o* Ar
1st real estate Improvement M
*3,000,000 g red 105 s f_-_
Un Stock Yard A Transit Co
(sub co) debens g red 105
Chicago Pneumatic Tool Co—Stock *7,500,000
First Mjfold red at 105, all or
by lot for *50,000 8 f
Chicago (Bell) Telephone—Stock *30,000,000 authorized
1st mtg *60,000,000 gold red 105
beg Dec 11913-FC.c* Ar*_
Claflin (H B) Company—Common stock
First preferred 5% gold cumulative.(preferred as to prin.l
Second preferred 6% cumulative
1
and dividends, j
Colorado Fuel & Iron—Common stock *44,200,000 auth
Preferred stock 8% cumulative
*2,000,000
Debentures redeemable at 105 (V 72,
jp 990)
IC.c*Ar
Colorado Fuel Co’s general mortgage gold
s f red 110 Mp.c*
Col Fuel & Iron gen M *6,000,000
gold s f red 105_Ce c* Ar
Col Indus first M gold ser A A B
guar p A i call 105. N.c* Ar
Bonds of Properties Controlled.
Grand River Coal A Coke 1st M
gold (*125,000 guar) -Ce.c
Rocky Mountain Coal A Iron first mtge gold guaranteed.. K
Col St Hock C & I—Securities to be issued by new co.—
Common stock *4,600,000
1st M *2,000,000 gold red 105 sink fund
Commercial Cable Co—1st M(inc deb stk) *20,000.000 gF.cAr
Amount
Value
[VOL. LXXXXI.
14
1881.
Operates in Chicago and
towns under license from
Amer. Telep. A Teleg. Co., whichneighboring
owns *14,049,600 of the
*27,000,000
stock.
New franchise in Chicago granted Nov.
1907 expires Jan. 8 1929,
provides that 3% of gross
earnings
are to be paid to city annually. City
may purchase properties Jan. 1 1919 or 1924 at
price 5% in excess of cost
of duplication.
V. 85, p. 1211.
Stations Dec. 31
262,359.
DIVIDENDS.—For many yean 10% yearly; since1909,
Dec. 1908 2% quar.
(stock dlv. Oct. *08, 20%); ’09, 8%; ’10, Mch.,
2%; June, 2%; Sept., 2%.
BONDS.—Bonds authorized, *50,000,000.
In 1908 *5,000,000 were
sold.
Additional bonds can be issued since Dec. 1 1909 at rate
of *5,000,000
yearly. Amount of bonds cannot exceed 50% of total
assets, nor more
than 60% of the real estate and construction
accounts.
to these
limitations, further amounts may be issued up to 75% ofSubject
the cost of Im¬
provements and extensions.
V. 87, p. 742, 1607.
REPORT.—Report for year ending Dec. 31 1909 In V. 91, p. 36, showed:
Gross earnings, *9,907,450; net,
*2,220,708; dlvs. (8%), *2,160,000; bal.,
sur., *60,708.—(V. 90, p. 449, 701; V. 91, p.
36.)
CITIES SERVICE CO.—V. 91, p. 656.
CLAFLIN (H. B.) COMPANY.—Incorporated under the laws of
New
Jersey in 1890, and deals In dry goods. Frontage of building 375 feet on
Worth St., New York City.
V. 71> p. 83. Associated Merchants’ Co.,
controlled by United Dry Goods
Companies, owns *4,500,100 of the
*9,000,000 stock. See those companies.
DIVIDENDS.—
(1893
1894 to April 1899
July 1899 to Oct. 1910
Common (%)
\ 7\i
6 (1H Q.-J.)
8 yearly (Q.-J.)
REPORT.—Report for half-year ending June 30 1910, V.
Net, *206,574, against *291,833 In 1909; Interest on 1st and91, p. 156:
2d pref.,
*142,125; dlv. on com. (4%), *153,164; bal., def., *88,716. Reserve
for
common stock June 30 1910,
*1,776,500.
Profits for cal. year before deducting
any dlvs. In 1909, *670,339; In
1908, *303,250; 1907, *959,274.—(V. 90, p. 561; V. 91, p.
156.)
COLORADO FUEL & IRON CO.—A Colorado corporation formed in
October 1892.
In June 1903 Rockefeller-Gould Interests assumed
control.
V. 76, p. 1410.
Annual capacity of finished steel
products to be 550,000
tons.
V. 73, p. 561; V. 75, p. 1149; V. 79,
p. 736; V. 62, p. 461.
Under the reorganization plan of 1903 (V. 77,
p. 2037, 2282, 2341; V. 79,
p. 736, 1267) the Colorado Industrial Co., whose entire
capital stock Is
owned, created an issue of *45,000,000 consol, first
mortgage guaranteed
bonds (see below; also full statement In V 80,
p 1726; V. 83, p. 378
1
)
BONDS.—The Col. Ind. guar. 5s (*45,000,000 authorized
issue) cover all
the property of that
company and are further secured by deposit of *13,061,000 of the *14,067,000 debentures of 1901 and entire issues
of securities
of subsidiary cos. named, viz., *4,500,000 bonds and
Col. A Wyo. Ry.; *3,000,000 Rocky Mtn. Coal A Iron *100,000 stock of
stock and *331,200
stock and *160,000 notes of Crystal Riv. Ry.
The unissued bonds are ap¬
plicable as follows: Series “A” (limited to *14,067,000),
*1,003,000 to
take up unexchanged convertible debentures; Series “B”
(limited to *30,932,000), *6,000,000 to retire gen. mtge. 5s of 1893.
V. 80, p. 1481,
1720;
V. 83, p. 381, 326; V. 83, p. 377.
REPORT.—For year ending June 30 1910, gross, all
depts., *23,639,813;
net, *3,742,615 (after gen. expenses); other Income,
$626,919; charges, Ac.,
*2,862,715; bal., sur., *1,506,819.
Report for 1908-09 In V. 89, p. 1663,
showed:
Gross
Net
Year ending June 30—
1909.
1908.
1909.
1908.
Fuel department
*7,889,910 *8.486,086
*994,975
*914,949
Iron and steel departm’ts. 12,058,228
13,175,747
2,105,293
1,833,166
Retail department......
396,492
438,047
16,561
29,700
Total
*20,344,631 *22,099,880 *3,116,829 *2,777,816
Bal. to lno. acct. after deducting gen.
Other Income in 1908-09, *445,761; expenses..*2.901,011 *2,553,367
Interest, taxes, rentals, sinking
fund, Ac., *2,488,396; bal., sur., *858,376.
OFFICERS.—Pres., Jesse F. Welbom; V.-P. and Treas., L. M.
Bowers;
Sec., Richard H. Hart. Office, Denver, Col.
DIRECTORS.—Geo. J. Gould, E. T. Jeffery, J. H.
McClement, Edwin
Hawley, Willard P. Ward, J. F. Welborn, L. M. Bowers,
Gates, Starr J. Murphy, H. E. Cooper, John D. RockefellerFrederick T.
Jr., Joseph
Chilberg and J. A. Writer. Executive Committee. L. M. Bowers.
F. T.
Gates, Joseph Chilberg, J. A. Writer, J. F. Welborn.—(V.
91, p. 947.)
COLUMBIA GAS & ELECTRIC CO—(V. 90. p. 845; V.
91, p. 1097.)
COLUMBUS & HOCKING COAL & IRON
COMPANY.—ORGANIZA¬
TION.—Organized at Columbus, O., Jan. 26 1883 and owns large coal and
iron properties (13,250 acres of land) In Ohio. See
V.44,p.278; V. 63, p.559.
On Jan. 25 1910 A.
L. Thurman and Wm. A. Barbour were
appointed
V. 90, p. 305.
Reorganization Committee.—A committee
consisting
of
Frank
B.
Keech,
Alexander Gilbert and F. N. B. Close (Bankers
Trust Co., N. Y„
deposi¬
tory) in May 1910 requested deposits of 1st M.
5s, 2d M. 6s, pref. and com.
stock.
In Oct. 1910 much more than a
majority of all classes of security
holders had assented to the plan
(see below), which was declared
operative.
V. 90, p. 1365, 1556, 1680; V. 91, p.
216, 339, 656, 1028.
PLAN.—The modified reorganization
plan dated Sept. 26 1910 (V. 91,
p. 874) provides for the organization of a new
company,with new securities
shown In table above, to take over the
Hock. Coal A Iron Co. and the Col. A ownership or control of the Col. A
Hock. Clay A Brick Mfg. Co. after
foreclosure sale or otherwise.
receivers of the Col. A H. C. A I. Co.
INUSTEIAL STOCKS AND BONDS.
Got., 1910.]
Date
Bonds
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]
Commonwealth Edison —Stock auth $40,000,000
Chic Edison 1st M g called par Apr 1911 option (V 91, p 40)
Commonw Elec 1st M
Commonw Ed 1st M
(equally sec. by Com i
j Elec M of 189$ J
•
-
•Win Receive in
New 1st M.
75%
75%
10%
10%
$
518,000
When
%
Payable
•
100
1898
1899
1895
1890
1894
1894
1895
1898
1897
1890
1897
1900
1909
1904
1904
Cons Qas Elec Light & Power (Balt)—Common stock.Co Ba
Pref stock prior lien 6% cum red 105 and accr’d dlv. Co Ba
Amount
Rate
1909
NY A East River Gas 1st M gold—Q.c* \ New Amst
First cons M ($5,000,000) gold
K.c* J
Gas Co.
New Amsterdam 1st cons M gold $20,000,000—Ce.c* Ar
Central Union Gas guar p A 1 N Y A East River—Ce.c*
Standard Gas Light first mortgage $1,500,000 gold
c
North Union Gas 1st M $1,500,000 gold not guar...K.c*
Westchester Lighting con M $10,000,000 g (see text)Ta.c*
First collateral trust 10-year bonds
N Y A West L gen M $10,000,000 gold gu red (text)
Ce
Debentures $2,500,000 gold guar prtn A Int red at 110..
Outst'd’g.
$
1st M.5% with July* 10 coup.on x691,000
2d M. 6% with July’10 coup.on
800,000
Pf.stk.who pay $10 a share, abt. 206,000
Com. stk. who pay $10 a share.7,000,000
Contingencies, any balance to new co
-
1899
1899
1906
...
Holders of—
•
Amount
Outstanding
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 Ac
1,000
1,000
1,000
1,000
....
100
----
100
Exchange
New Stock.
$
345.500
400,000
206,000
50% 3,500,000
148.500
50%
50%
20,600 100%
600,000
700,000
161,400
15,000,000
20,929,884
2,188,000
988,000
4,838,000
3,500,000
3,500,000
1,500,000
10,635,000
3,500,000
Total authorized
2,000,000
4,600,000
Old 1st M. bondholders reserve their right in sinking fund moneys, Ac.
General creditors for claims of $100 or under will receive 100% In cash;
claims over $100, 50% In cash.
The new common stock Is to be deposited
under a 5-year voting-trust agreement.
First Installment of assessment
on stock, $5 per share, payable Nov. 4 1910.
EARNINGS from coal and oil alone for the last 6 months, without taking
into account the brick plant, were In Sept. 1910 reported as $53,000 (or
$58,000): the Interest charges of new co. will be about $90,000 yearly.
REPORT.*—Report for year 1907-08, V. 86, p. 1527.
Yr. to Mch. il. Gross.
Net.
Charges. Pf.Div. Bal..sur.
Op. exp.
1907-08
$864,759 $675,532 $189,227 $129,058 $12,982 $47,187
603.820
464.151
64.970
139,669
74,699
Pres., Henry Stanley Haskins; V.-P., A. L. Thurman: Seo.-Treas.. F. J.
Shaffer, 37 Broad St., New York.—(V. 91. p. 339, 656, 874,1028,1097.)
COMMERCIAL CABLE CO.—See Mackay Cos. and V. 88, p. 999.
COMMONWEALTH EDISON CO.—ORGANIZATION.—Incor. Sept. 17
1907 as a consolidation, per plan V. 85, p. 162,724.
Franchises expire 1947.
(Compare V. 67, p. 482: V. 79, p. 214,372; V. 82, p. 1441; V. 86, p. 796.)
The Chicago Sectional Underground Co. Is leased. Its $227,400 4% bond®
guar. p. A 1. by Chicago Edison Co. and Interest on $33,000 5s.
Economy
Light A Power Co. Is controlled (V. 88, p. 161)—see statement on another
1906-07
page.
Ten-year power contract with Chicago City Ry. Co. Oct. 1908,
V. 87, p. 1013; contract with Chicago Rys. till Feb. 1914, V. 89, p. 350.
STOCK.—Nov. 9 1909 authorized an Increase In the stock from $30,000,000 to $40,000,0O0, of which $3,000,000 was offered to stockholders
rata$33,000,000.
at par, payable
Sro
Nov. 11910,
raising
g to
V. on
89,or
p.before
472, 1669;
V. 90, p.
561. amount outstand-
1907.
1908.
1909.
1910.
1H
5H
6
6 (Q-F)
BONDS.—Additional Commonwealth 5s of 1898 are Issuable for not
exceeding 75% of cost of extensions and Improvements. V. 79, p. 214;
V. 83, p. 326; V. 85, p. 163; V. 88, p. 55, 103.
The holders of the $5,335,000 Chicago Edison 5s, which were called for
payment In April 1911, were given the option of exchange at par until
Aug. 15 1910 for Com. Ed. 5s and also the right to subscribe for about
$4,665,000 additional bonds at par. This will make about $29,500,000 of
the bonds outstanding (lncl. $8,000,000 Issued as Com. Elec, bonds).
Of
the bonds called, only $305,000 remained outstanding Sept. 1910.
The
Issue has been underwritten.
V. 90, p. 40.
Real estate mortgages
DIVIDENDS.—
Percent
Sept. 30 1909, $130,000.
REPORT.—Report for year ending Sept. 30 1909, In V. 89, p. 1278,
Fiscal
Gross
Net
Fixed
Bat. for
Divir
Year—
Earnings. Earnings.
Charges.
Divid'ds.
dends.
1908-09 ..$10,639,446 $3,096,753 $1,609,757 $2,386,996 (6%)$1,800.000
1907-08
9,500,907 3,126,329
1,268,626 1,857,703
(5%)1,372,035
Pres., Samuel Insull.—(V. 90, p. 561; V. 91, p. 40.)
,
..
COMMERCIAL UNION TELEQRAPH CO.—Stock. $500,000 guar. 6%
(J. A J.) by Postal Telegraph Cable Co.; par of shares, $25.
CONSOLIDATED CAR HEATING CO.—Supplies steam and hot water
apparatus for heating railway trains and electric heaters for street cars, Ac.
V. 70, p. 232.
Stock, $1,250,000; outstanding, $1,130,400: par, $100.
DTVS.T’97 ’98 ’99 '00 *01 '02 '03 *04 '05 '06 *07 *08 *09
1910
PerCt.J IX 3
4
7H 6 ijj 7
4
3
3 None (?)
3H
6
In June 1910 4% declared payable 2% each Aug. 1910 and Feb. 1911.
Pres., James H. Manning, office, 42 Broadway, N. Y. Directors 1908
V. 85. p. 1648; V. 86, p. 1470.—(V. 86. p 1470; V. 90. p. 1680.)
CONSOLIDATED COTTON DUCK CO.—ORGANIZATION.—Incor¬
porated In Delaware In June 1905, per plan In V. 80, p. 1916, and acquired
the U. S. Cotton Duck Corporation, owning 3 mills, and control of the
Mount Vernon-Woodberry Cotton Duck
Co.; total mills controlled,
20.
(V. 82, p. 625.)
In Oct. 1906 more than 93% of the $6,000,000
Places Where Interest and
Dividends are Payable
3— F
A
M
M
A
M
J
F
5,916,000
*A
A
A
A
A
A
A
O
s
s
o
s
J
Apr 1 1911
((3)N2E)N4WESWTADR
5 g
4 g
5 g
5 g
5
5 g
5 g
5 g
5 g
J
F
J
M
J
M
J
J
J
J
M
M
J
(5)UNITED
1,195.000
1,250.000
See text.
1,000
Last Dividend
and Maturity
Nov 1 *10,1 H%
Merchants' L A Tr Co, Ch
Illinois Tr A Sav Bk, Chi
June 11943
June 1 1943
do
do
Oct. 1 '09, 1% Continental Tr Co, Balto
do
do
Septl 1949
Jan 1 1950
M% paid January 1909
A Feb 1 1926
Office Turner Co, N Y
99,813,000 4 in 1909 Q—M 15 Sept 15 '10,1% Office 4 Irving PI, N Y
F
A
A
National
5
City Bank, N Y
Aug 10 1911
5,000.000
$100 $33,000,000 6 In 1910
See text
1,000
5 g
5 g
1,000
8,000,000
See text
5 g
1,000
50
5,705,000 See text
5 g
1,000
8,000,000
1,000
242,000
6 g
1,000
1.637.000
1896
1898
1898
Cons Cotton Duck Co—Pref (also assets) 6% cum $6,000,000
Mt Vernon-Woodberry first mortgage gold $8,000,000. _c*
do
do
income cumulative mortgage
J Spencer Turner Co deb $2,000,000 gold p & i (red) —
Consolidated Qas (N Y)—Stock $100,000,000...
Notes, secured by $6,250,000 New York Edison stock.. F
Bonds of Companies Controlled.
N Y Ed-N YGAELHAPlstM $15,000,000 g... Q.c* Ar
Pur money M $21,000,000 gold sub to call to Feb ’02.Ce.c*
Edison El Ill N Y 1st con M $15,000,000 gold
G.c*
Mt Morris Elec Light 1st M gold red at 105
See text
United Electric Light A Power 1st M $5,370,000
Un
Equitable Gas Light cons (now 1st) M_.Cel Assumed by
Par
Value
145
5_g
5 g
5 g
5 g
A
A
A
A
A
A
A
A
A
A
A
A
A
D
A
J
S
J
S
J
J
J
J
N
July 1 1995
Sept 1 1940
July 1 1924
Mch
Jan
Jan
Jan
1
1
1
1
1932
1944
1945
1948
July 1 1927
May
1930
N Nov 1 1927
D Dec 1 1950
Guaranty Trust Co, N Y
Central Trust Co, N Y
Guaranty Trust Co, N Y
Central Trust Co, N Y
Union Trust Co, N Y
Central Trust Co, N Y
Guaranty Trust Co, N Y
National City Bk, N Y
H B Hollins A Co, N Y
do
do
Mercantile Trust Co, N Y
H B Hollins A Co. N Y
Trust Co of Amer, N Y
1919
5
10,000,000 See text
5 g
2,500,000
6,300,034 4 in 1910
6
In
1910
700,000
Dec 1 1948
Feb 1 1949
J
A
J
A
J
J
Seml-an
A A O
Central Trust Co. N Y
July 1 2004
do
do
July 1 1954
Nov 1 ’10, 2% Checks mailed
Oct 1 1910,3% Checks mailed
STOCK, Ac.—In 1900 stock increased from $39,078,000 to $54,595,200,
and in 1900-03 to $80,000,000, to complete the control of the gas and eleotric-light business In Manhattan, to provide for Improvements, Ac. V. 77,
p. 300.
In 1904 the authorized Issue was Increased to $100,000,000, to
provide for convertible feature of new debentures. V. 78, p. 1964
In 1904 stockholders subscribed to $20,000,000 6% debentures at par,
but $19,813,000 were converted Into stock to Apr. 30 1910, when right to
convert ceased.
V. 78. p. 1964, 2014, 2336; V. 86, p. 983; V. 87, p. 1161.
In Aug. 1910 a new $5,000,000 12 months’ loan was made to provide for
the 4% notes maturing Aug. 10 1910.
V. 91, p. 398.
REPORT of legislative committee In 1905.
V. 80, p. 1854. 1858, 1910.
Report for year ending Dec. 31 1909, in V. 90, p. 301. showed* Net In¬
$7,204,881 (incl. $230,513 Astoria L. H. A P. Co. surplus earns.,
$624,801 int. on investment in that co. and $4,455,313 from other invest¬
ments (compare V. 90, p. 562, and 1908 report, V. 89, p. 1664); Interest,
$473,998; dlvs. (4%). $3,987,565; bal., sur., $2,743,318. Advances to
subsidiary and affiliated cos. Dec. 311909, $19,721,422.
For year ending June 30 1907 (V. 87, p. 1535), earnings were: Gross,
$12,403,018; net, $1,622,551; other Income, $2,416,640; Interest, $911,254;
dividends (4%), $3,200,000; bal., def.. $72,063.
OFFICERS.—Chairman. H. E. Gawtry; Pres., George B. Cortelyou
V.-Ps., Walter R. Addlcks, Lewis B. Gawtry and Robert A. Carter; Sec..
R. A. Carter; Treas.. Jas. A. Bennett; Asst. Sec., C. C. Simpson; Asst. Treas.,
BenJ. Whltely. Trustees:, H. E. Gawtry, John W. Sterling, W. Rocke¬
feller, Geo. F. Baker, F. A. Vanderlip, Samuel Sloan. Moses Taylor, W. R.
Addlcks, S. S. Palmer, A. N. Brady, Geo. B. Cortelyou. Walter P. Bliss and
Louis M. Greer.
Office, 4 Irving Place.—(V. 90, p. 1104; V. 91, p. 398.)
CONTROLLED COMPANIES.—(1) NEW AMSTERDAM GAS.
Incorporated Nov* 1 1897 and consolidated N. Y. A East River and
Eq. Gas Light, per plan V. 66, p. 133.
SECURITIES.—The stock authorized is $13,000,000 of common stock,1
$10,000,000 of 5% preferred, cumulative after Nov. 1 1900. New consol.
5s for $1,365,000, preferred stock $1,000 000 and common $835,000 In
Jan. 1910 were In treasury available for future needs.
Par of shares $100.
The Consolidated Gas Co. owns $12,154,200 common and $8,991,300
preferred stock. V. 70, p. 897. 948. 1052,1197,1252; V. 80. p. 1855, 2224.
For cal. year 1909, gross, $2,550,989; def. after charges, $272,983.
YORK EDISON COMPANY.
Organized May 23 1901 as a consolidation of the N. Y. Gas A Elec.
Light, Heat A Power Co. and the Edison Elec. Ilium. Co. of N. Y. Owns
large power plant located on 1st Ave., between 38th and 39th Streets.
V. 69. p. 704; v. 68. p. 1025; V. 70, p. 283,482; V. 80. p. 1915; V. 84, p. 219.
Stock outstanding was $45,051,000, all owned by Consol. Gas Co.
V. 72,
p. 1038.
In Mch. 1910 permission was given to Issue $5,102,400 additional
stock to retire the $4,312,000 Ed. El. Ilium. 5% bonds due Mch. 1910 and
$988,000 Mt. Morris Elec. Light Co. 5% bonds due 1940, but subject to
call at 105, and $247,000 for extensions and additions, making a total of
$50,400,400 stock outstanding. V. 90, p. 562, 773. Dividends have been
paid quarterly; rate from Feb. 1 1907 to Mch. 1910, 6% yearly.
BONDS.—The flnt 5s of 1898 ($15,000,000) were secured by a first
lien on the company's power plant and other property owned 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 Hen on the former Edison
Elec. Ilium, property, subject to bonds of 1890 and 1895, and by a second
mtge. lien on the remaining property of the Consolidated Co.
V. 72, p.
939, 1038; V. 81, p. 35.
Rem estate mtges., $174,000.
For year ending Deo. 31 1909, gross, $16,553,257; net income, after
charges, $4,719,807. In 1908, gross. $15,228,716; net Income $3,904,704;
dlvs. (6%), $2,703,060; bal., sur., $1,201,644; total surplus Dec. 31 1908,
$14,835,547. Notes, 6s, due Consol. Gas Co. Dec. 31 1908, $14,200,000.
—(V. 90, p. 562.)
YORK MUTUAL GAS LIGHT CO.
Incorporated In New York April 17 1866 under special charter. Stock
outstanding, $3,436,600, of which $1,886,200 Is held by the Consolidated
Gas Co.
Par of shares, $100.
come,
DIVIDENDS—f 1894-97 *98. '99. '00. 1901-05 ’06. ’07. ’08. ’09. 1910.
Since 1893 (J.AJ.)(9 yearly 8
7
6
6
6
6
3 9 yearly 7
For year ending Dec. 31 1909, gross, $1,519,201; net Income, $366,200.
In 1908, gross. $1,475,629; net Income, $211,879; dlvs. (6%), $206,196;
Mount
bal., sur
p.
GAS LIGHT CO.
Owns 160 miles of gas pipes north of 13th St., N. Y.
The Consolidated Gas Co. owns $4,796,200 of the $5,000,000 common and
$4,096 100 Of the $4,295,700 pref.
DIVS.— '95 '96 '97 '98 '99 '00 '01 1902-05
'06 *07 '08 ’09. 1910.
Common. % 1
4
5 8
5
0
2 6 yearly 1H 0
0
0
Preferred % 5H 4H t 8
6
2H 6 6 yearly 6
6
6
6 June,3
For year ending Deo. 31 1909, gross, $1,666,623; net Income, after
charges, $414,485. In 1908, gross, $1,634,469; net, $246,481; other In¬
come, $39,681; int. on bonds, Ac., $59,750; pref. dlv. (6%), $257,742; bal.,
def., $31,330. (Compare year 1906-07, Consol. Gas Co., V. 87, p. 1535.)
Office Third Ave. and 49th St.. N. Y.
V. 82. p. 1383; V. 83. p. 1527.
ELECTRIC LIGHT A POWER CO.
Vemon-Woodberry Cotton Duck Co. had been acquired (V. 69,
129); total mills controlled, 20 (V. 82, p. 625).
In Feb. 1906 acquired entire stock of J. Spencer Turner Co., New York,
guaranteeing $2,000,000 6% debentures, of which $400,000 reserved for
future purposes. V. 82, p. 336, 754. 1104.
In Aug. 1910 the International Cotton Mills Corporation acquired a ma¬
jority of the stock; also control of other textile mills, sales and distributing
companies In the U. S. and Canada. Authorized stock of new co., $10,000,000 common and $10,000,000 7% cum. pref.; par $100. - Myron C. Taylor,
President.
V. 91, p. 279, 467.
STOCK, Ac.—Com. stock, $7,000,000 (par $50); pref., see table. Bonds
Mt. Vernon Co., $250,000; U. S. Cotton Duck Corp., $125,000.
DIVIDENDS.—On pref., 1906 to 1907, 6% yrly.; 1908, 5%; 1909, 2%
1910, April, none.
REPORT.—Report for year ending Dec. 31 1909 (V. 99, p. 845) showed:
Total Income, $7,635,379; def., $80,812; Interest on bonds of constituent
$425,400; bal., def., $506,210.
DIRECTORS (of International Co.).—S. Davies Warfield (Chairman),
Myron C. Taylor (President), Charles M. Warner, Thomas M. Turner and
P. T. Jackson Jr. (Vice-Presidents), J. D. Armltage (Gen. Man.), Augustus
P. Loring (Treasurer), David H. Carroll (Secretary), Rodman P. Snelllng,
Edward Lovering, Frank J. Hale, Albert L. Scott, F. P. Carpenter, E. A.
Brlnckerhoff, J. H. Wheelwright and William H. Grafflln.—(V. 91, p. 278.)
CONSOLIDATED QAS 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 the
electrlo-lighting properties In Manhattan, N. Y. City. New gas plant at Astoria, L. I., was put In partial oper¬
oos.,
ation Dec. 3 1906. V. 78, p.
105, 1964; V. 79, p. 105, 629; V. 83, p. 1414;
34, p. 219; V. 86, p. 282. Stock holdings Deo. 31 1909, V. 89, p. 1664.
See separate statements following.
In 1906 a law was passed reducing the price In N. Y. City to 80 cents
per 1,000 cubic ft., beginning May 1 1906, except In outlying districts.
V. 82, p. 572, 807, 931; V. 90, p. 301. In Jan. 1909 the U. S. Supreme
Court held 80-cent feature of law to be valid until given a fair trial, tnedeposlta to secure the 20 cents per 1,000 overpaid being returned to consum¬
ers.
V. 88, p. 103, 161, 233, 292, 297, 878, 689; V. 90. p. 301.
-
_
.
DIVS. V94 to '98 *99 '00 *01
Per oent.j 8 yearly 514
8
to '03 '04 '05
8 yearly 8 H 8H
'06 *07 '08
5
4
4
'09
1910
4 To Sep .3
,
$5,683.—(V. 90.
p.
702.)
Organized In 1886.
Stock, $5,346,000 (of which $1,649,500 pref.), mostly owned.—V. 70,
p. 40; V. 80, p. 1856; V. 87, p. 1535.
(6) CENT. UNION GAS CO.—V. 80, p. 1855; V. 87, p. 1535.
(7) NORTHERN UNION GAS CO.—V. 80. p. 1855; V. 87, p. 1535.
(8) WESTCHESTER LIGHTING CO. (N. Y. A Westchester Light Co.)
Supplies gas and electricity In Westchester County north of New York
City. See V. 71, p. 1023, 1175. The Consolidated Gas Co. owns the
$12,500,000 capital stock.
See V. 7®* P*
*17, 504, 1706. In 1909
permission was obtained to purchase the $804,000 Northern Westchester
Lighting Go. stock, all the $500,000 PeekskUl Lighting A RR. common
stock and $215,000 Northern Westchester Lighting Co. 1st eonsols, and to
Issue $580,000 10-year 5% first collat. trust bonds to acquire said stocks.
V‘bo5s&S.—The ^neral°mtge.8bonds of 1904
($10,000,000) bear Interest
sliding scale, beginning at Hof 1% (first oouponJulyl905), and rising
to 4% from July 1 1914, to maturity, except about $2,500,000 whloh have
additional coupons attached making them straight 4% bonds.
All are
subject to catfsince July 1 1905 at par and Interest. V. 79. p. 1706.
1957.
They are guaranteed, principal and interest, by the Consolidated
Gas Co., as are also the $2,500,000 of new 5% debentures (V. 88, p. 1623).
Form of guaranty, V. 79. p. 2152.
The underlying bonds not shown In
table above (Westchester 5s being reserved to retire N. Y. A Sub. 5s) are;
on a
146
INDUSTRIAL STOCKS AND BONDS.
LXXXXI.
INDUSTRIAL STOO&S AND BONDS
Ocr.t 1910.J
{For abbreviations* Ac., see notes on first pace]
Dots
Par
Bonds
Vatu*
;
t
147
Places Where Interest and
Amount
Dividends
omstandinit
are
Payable
3100
ii$Wo
190
General mortgage $15,000,000 gokL * stst'*
msmmmn
Consolidated flretmortgagegold $3,400,000
..MeBa.c* 183
Gonaol Gas (old) gen M gold. tent--.—-c* 190
Consol Gaseertsof indebtedness gold red
-c* 1902-3
Secured 3-year gold notes 34,000.000 red par......CoBa.o 1910
Baltimore Electric M 37,500,000 g red 110 gu p&l s f
c* 1907
Preferred stock 5% guaranteed-..
1907
Roland Park Elec & Water Go 1st MjMOO.OOOg gu p&l
Consolidated Tobacco—See American Tobaooo Co
Consolidation Coal—Stock authorised 320,000,000.
G
gold s f redeem each Jan at 105
Refunding mtge 37,500,000 auth gold s f red 105—S.c* Ar
Kentucky 1st m 33,000,000 gold ainkfd red 105.FBax.c*Ar
Corn Products Refining—Common stock $50,000,000
First mtge 3750,000
Preferred stock 7% cum also as to assets 330,000,000
Debentures 32,343.000 gold sinking fund drawn per text..
First mortgage 310,000,000 gold sink fund red 105
xc*
Nat Starch debs gold guar—
Fc*
Unassumed Bonds of Allied Companies.
United States Sugar Refinery gold first mortgage
N Y Glucose Co first mtge 32,500,000 gold s f (see text)..
Granite City Mfg Co 1st M gold
Crucible Steel Co—Common stock authorized 325,000,000...
Preferred 7% cumulative 325,000,000 authorized
Crystal Park—1st M gold s t call 105 oonv com stk.
S
1897
1904
1909
i“S6o
100
1.000
1,000
1,000 Ac
1908
1909
1910
1901
1904
19,028.d00
Guardhty Trust Oo, N Y
4o
do
..
andard Trust 00, N Y
jaranty Trust OO, N Y
421,000
5,133,000
.
_
3,000,000
49.758.500
Get
29.817,000
100
100
500
a509.000
1,544,960
300,000
24,578,400
24.436.500
130,000
100
19,680,150
text
mailed
1,000,000
300,000
1,000
See
10*10 1%
TltteGuar"&
goy --*1
jSy
Tr Oo r N Y
do
do
-
Deo 11921
Sept 11926
Nov 11913
Franklin Bank, St Louis
Seoao’io. 1 h%
Jan 1 1919
Oct 1 1910 2%
iecksmafledfir"Troffioe
andard Trmt Oo, N Y
tecks mailed
es
Incorp. Feb.6
Maturity.
‘
Hudson River Gas A Elec 1st M
5 M A N
5250,000 May 1 1929
White Plains Lighting 1st M
5
335.000 June 1 1938
(a) V. 68. p. 474*V. 70, p. 844.
824;
(b) V. 68, p,
V. 70, p. 844.
For year ending June 30 1905, gross, 31.259,841; net, 3569.931: int.
on bonds, 3509,238; bal., sur„ 360.693.—(V. 88, p. 233; V. 91. p. 657.)
CONSOLIDATED GAS. ELECTRIC LIGHT & POWER CO., BALTI¬
MORE.—ORGANIZATION.—Incorporated Feb. 14 1905. In June 1906 the
Consolidated Gas Co. of Baltimore, about 61% of whose 310,770,968 stock
was previously owned, was merged per plan V. 82, p. 1441.
Price of gas
reduced to 90c. per 1,000 cubic ft. on July 1 1910.
V. 90, p. 1046. Has
contract with Pennsylvania Water & Power Co., which, with Interests Iden¬
tified therewith. In June 1910 acquired a large but not controlling interest
In stock. V.84, p. 627; V. 85, p. 163; V. 90, p. 377, 1557; V.91, p. 468, 947.
In 1907 the entire 32,500,000 Baltimore Electric Oo. common stock was
acquired at 310 per 350 share, through acquisition of the stock of the Mary¬
land Securities Co., the property being leased for 999 years from Nov. 20
1907, at a rental providing for interest on the 33,063,000 5% bonds and
dividends on the 31.000,000 5% pref. stock. V. 85, p. 1341; V. 86. p. 112.
Owns entire stock of Northern Electric Co. and practically all the stock
of Mt. Washington Electric Light A Power Co.
In Jan. 1907 purchased
the entire stock of the Roland Park Electric A Water Co. and guarantees Its
1st M. 5% bonds. (V. 91, p. 721.) The co. now controls practically the en¬
tire gas and electrlo-lightlng business of the city and Baltimore County.
Franchises are perpetual.
Price of gas 90c. The Consolidated Co. has a
new 19.000 k.w. generating plant at Westport; also operates the 9,000 k.w.
plant of Baltimore Electric Co. Annual output of gas 2,800,000 ft.
On April 1 1910 laws were signed repealing Acts securing a monopoly to
the company In Baltimore and vicinity. V 90, p. 979.
STOCK.—Rights of pref. stock, see V. 82. p. 1441.
DIVIDENDS.—Div. on prior lien pref. stock, 3%. paid Feb. 16 1906;
on Oct. 1 1906, at the rate of6% from Feb. 14 to that date: 1907 to Oct. 1910,
6% yearly. On pref. (not prior lien), 1 2-3%, covering period from June
20 to Oct. 1 1906: 1907 to Oct. 1910, 6% yearly.
On common.
ann.), paid April 27 1910; Nov. 1, 2%.
BONDS.—Of gen. 1st 4Hs of 1905, 35,169,000 is reserved
V. 80, p. 1731, 714, 1481; V. 88. p. 233: V. 91, p.
purposes.
Of the 50-year gen.4 Hs of 1904 of Consol.Gas Co., 37.405,000
2% (seml-
for future
41.
have been
Issued; Fidelity A Deposit Co. of Maryland, trustee. This Includes $3,037,000 deposited as part collateral under the 3-year 5% notes of 1910.
No
further bonds can be Issued except 33,400,000 reserved to retire the 5s due
1939. V. 78. p. 1964, 2014, 2331, 2387; V. 79, p. 1643; V. 88, p. 103; V. 90.
p. 1173, 1493; V. 91, p. 41.
The 34,000,000 3-year 5% notes of 1910 Issued to retire the $3,584,500
Consolidated Gas Co. 6s due July 1 1910 and for other purposes are secured
by $3,037,000 Consol. Gas gen. 4 Hs of 1904, $1,722,000 Consol. G. El. L.
A P. gen. 4 Hs of 1905 and $452,000 Balt. Elec. 5s.
V. 91, p. 41.
The Baltimore Electric Co. 5s ($7,500,000 authorized issue; Northern
Trust Co. of Phila.. trustee) are secured by a Hen on the property and
on $1,155,000 Consol. Gas M. bonds; $3,550,000 are reserved for extensions
at 80% of cost.
V. 85. p. 598; V. 87, p. 741; V. 88, p. 103.
REPORT.—For year ending June 30 1910 In V. 91, p. 1093, showed:
Fiscal
Gross
Net (after
Fixed
PreJ
Common
Balance,
Year.
Taxes).
Earnings.
Charges.
Dies.
Dies.
Surplus.
1909-10.34,699,098 $2,433,564 $1,374,362 $423,603 (2%)$126,001 $509,598
1908-09. 4,449,276 2,169,698 1,383,164 423.603
362,931
From surplus as above In 1909-10 was set aside $257,597 for reserve for
renewals, amortization, Ac.
OFFICERS.—Chairman of Board, James E. Aldred; President, Ferdi¬
nand C. Latrobe; Sec. and Gen. Mgr., Chas. M. Cohn; Treas., J. L. Bailey.
Directors, Oct. 1910, V. 91. p. 947. Office, Lexington A Liberty sts.—
(V. 91, p. 41, 719, 947. 1028,. 1093.)
CONSOL. GAS. PITTSBURGH.—See Pittsb. in ‘‘Electrio Ry. Section.'*
CONSOLIDATED TOBACCO CO.—See American Tobaooo Co.
CONSOLIDATION COAL CO.. MD.—Inc. in 1860. In May 1906 the $5.353,200 stock owned by B. 8s O. was acquired by a syndicate. V. 82, p.1043.
Coal mined In 1909 was 1,649,457 tons, In 1908 was 1,748,233 tons. Owns
$1,500,000 stock of Cumberland A Penn. RR. (which see) and guarantees Its
$1,000,000 bonds. Early in 1909 acquired all the minority stocks of Fair¬
mont Coal Co., Somerset Coal Co., Clarksburg Fuel Co. and Pittsburgh A
Fairmont FuelCo., uniting under one ownership about 210,337 acres of land
in Maryland. West Virginia, Kentucky and Pennsylvania. V. 88, p. 1256,
1375. Also owns majority stock of Northwestern Fuel Co., owning large
docks at Washburn, Green Bay and Superior and yards at St. Paul and
Minneapolis. In Nov. 1903 $501,100 of the $1,000,000 Metropolitan Coal
Co. stock was purchased. V. 78. p. 1271; V. 79, p. 502; V. 88. p. 1200.
In
1909 acquired property of Portsmouth Coal Co., Portsmouth, N. H.
In
April 1907 control of the Northern Coal A Coke Co. was acquired by allied
Interests.
V. 84, p. 1055.
Of the $7,500,000 refund. 4 Hs of 1904, $5,133,000 has been issued to pay
tot properties acquired, $226,000 has been purchased by the sinking fund,
$1,750,000 is reserved to retire the 4 He due 1922 and $1,000,000 Cumber¬
land A Penn. 5s due 1921, and $391,000 for future requirements; sinking
fund, $0. per ton of coal mined.
The stockholders in June 1909 authorized an issue of $3,000,000 5%
bonds secured by first mtge. (on Kentucky property only) to tie Fidelity
Trust Co. orBaltimore as trustee, covering about 30,000 acres of coal land
in the Miller’s Creek region in Kentucky; sink, fund 3 cts. per ton mined.
V. 88. p. 1502, 1623; V. 90, p. 846, 1298.
031%)— '89 to *03. *04-*05. *06. *07. *08. *09. 1910.
Slnee 1888, regular
2 yearly. 4 y’rly. 10 H
6
8
6
6
„
Also May 1 1909, 60% r
in stock.
I909
3.721,000
1,689,000
4,972,000
5,281,000
1908
Outstanding.
4,SJ$!s
1.000
1,000
1,000
M,\ 5 g M A S a3343,000 Mch. 1 1949
pAi, by Am Gas Co.,...){
JSubj to call at 105A nt since Mch 1*09
-
g. guar,
interest.
2.751,
100
100
Cumberland Telephone A Telegraph—Stock
ltlonal held by trustee of National Starch de bentur
a 3491,000 addlt
Bonds (V. 81. p. 1609)—
New York A Suburban Gas 1st
3.400.000
2
2
2
None
auth. stock issue was increased to $20,000,-
000, $6,150,000 being Issued as a 60% stock dlv.and $2,626,000 sold at par.
V. 88, p. 750, 1256, 1375.,
See application to list, V. 90, p. 645.
Total capacity of all plants, including those not operated, about 235,506
bu. daily.
V. 82, p. 1321. Competition, see V. 83, pu 689; V. 88, p, 1623.
New plant completed April 1910,15 miles from Chicago, capacity 60,000 bu.
dally. V. 84, p. 696; V. 87, p. 938; V. 88, p. 628, 1623; V. 90. p. 845.
PREF. DIVIDENDS.—
1906. 1907. 1908. 1909. 1910.
.
....
4
4
11
1
BONDS.—Of the N. Y. Glucose 6s, 4% of each bond ($40) is retlrable
Sept. 1 yearly beginning $902, but they are not sub. to can. V. 74, p. 1086.
In July 1910 new Nat. Starch debs, .guaranteed by Corn products Re¬
fining Co. were being Issued per plan of April 8 1910 to the amount Of th6 In
exchange for $3,608,000 Nat. Starch debs, and $2,729,000 Nat. Starch Mfg.
1st M. bonds, interest on which had been defaulted July 1909 and Nov*. 1909
respectively. V. 90, p. 1173. Of the debens., $3,648,000 and of the 1st M.
bonds $512,000 were in Nov. 1909 in the hands of the public and $60,000
and $2,217,000 respectively held by the Com Products Ref. Co.
The Corn Products Refining 25-year 5% debentures have a sinking fund
of $114,000 payable Nov. 1 annually for redemption of bonds by lot at par.
They are to he secured by any new mtge, of the Refining Co. other than a
purchase money mtge.; Title Guarantee A Trust Co. of N. Y., trustee.
Regular (%)
Extra in April (%)
2
7
--
--
4
V. 83. p. 820; V. 85. P. 527,
„
...
The 1st 25-year 5s of 1909 ($10,000,000 auth. Issue) are secured by a first
Hen on all the property of the company and Its subsidiaries now owned or
hereafter acquired (except certain real estate in Chicago no longer needed),
subject only to $1,544,960 N. Y. Glucose and $300,000 St. Louis Syrup A
Refining bonds. Annual sink, fund of 2% of total at any time issued may
be used to draw bonds at 105 and lnt.
Of the bonds $5,000,000 bave been
sold, $1,989,000 were reserved to retire debentures and remainder to retire
$2,026,720 underlying bonds and for Improvements. V. 88, p. 1064, 1256,
1439; V. 90, p. 845, 846.
REPORT.—Report for year muling Feb. 28 1910 was in V. 90, p. 845,
1294, showing: Total income, $3,574,481; lnt., taxes, 1ns., rink, fund, Ae.,
$944,998; profit-sharing reserve, $175,000; dlv, on pref, stock (5%), $1,500.000: depredation, $882,547; balance, .surplus, $571,986.
DIRECTORS.—E. T. Bedford (Pres.), W. J. Matheson (V.-P.), F. T.
Bedford, E. B. Walden. Chas. M. Pratt, J. A. Moffett, George M. Moffett,
F. T. Fisher, O. H. Kelsey, James Speyer, C. M. Warper, G. S. Mahana,
T. B. Klngsford, J. B. Relchmann and A, B. Boardmao.—(V. 91, p. 1097,)
(WM.) CRAMP & SONS* SHIP A ENGINE BUILDING CO.—Incorpo¬
rated In Petto. Mch. 261872. Properties owned, V. 78, p. 46; V. 90, p. 916.
In 1910 acquired control of Federal Steel Castings Co.,Chester,Pa. V.90,p.916
STOCK.—Stock, as Increased June 1903, $6,250,000; outstanding, $6,098.000: par of shares, $100. Of. this $4,648,600 has been deposited with
voting trustees, viz.: E. T. Stotesbury and George F. Baer, Phila., and
Geo. F. Baker, N, Y.
V. 76, p. 921,975,1087; V. 78, p. 46. Options have
been asked oh the stock at $50 per share until Nov. 1 1910.
V. 91, p.
947.
874,
*93.
DIVIDENDS.—1
1892.
*94. *05. *96. *97. *98. *99. *00. *01. *02.
18
Per cent
10
7
None 1H 5
5
5 3 H
j 8 A 20 scr.
BONDS.—The 5% serial notes ($3,650,000 outstanding) mature part
Jan. 1 and JulY 1, semi-annually, viz.: $110,000 to July .1013, then
$140,000 tor 5 years, then $170.(f0'0 for 5 years, but subject; to call at
102 H; 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. The company offered
to anticipate payment of the $110,000 notes due Jan. 11911. V. 90, p. 1615.
First mtge. gold 5s of 1899, $1,225,000 (lnt. M. A S.), due Mch. 11929, but
subject to call $25,000 yearly Jan. 31 at 110 for a sinking fund. Real estate
mtges. Apr. 30 1910, $579,912. V. 67, p. 1310; V. 68, p. 383; V. 78, p. 46.
‘
1
-
—
—
REPORT.—Report for 1909-10 in V. 91, p. 92, showed: Net earnings
(tact. subsidiaries), $716,142; charges, $289,714; bal., sur.. $426,428. In
1908-09, net, $747,950; charges, $301,797; bal., sur., $446,153. Chairman
of Board, Charles H. Cramp; Pres., Hairy S. Grove; V.-P. and Gen. Mgr.,
H. W. Hand.
Directors June 1907, V. 85, p. 43. Office, Philadelphia.—
(V. 89. p. 37; V. 90, p. 916,1616; V. 91, P. 41, 03. 874, 947.)
CRUCIBLE STEEL CO OF AMERICA.—ORGANIZATION.—Incor¬
on July 21 1900 under the laws of New Jersey to consolidate 13
properties. V. 71, p. 32; V. 73, p. 842; V. 84, p. 573.
porate
DIVIDEND—
\ *01. *02. *03. *04. *05. *08. *07. *08.* 09.
1910.
On preferred
%) 7 7 5M 0 1 6 6H O 5H Below
In 1910, Mch., 1 H%1 June, 1K% hud H% and 10% In 3% interest
bearing scrip on account of accumulated dividends, payable annually and
redeemable at any time up to June 30 1920, leaving 16% overdue; Sept.
1 H%.
V. 90,jS. 1616.
REPORT.—Year ending Aug. 311910, V. 91, p, 1023. showed grow earn¬
ings. $18,732,729; operating charges* $14,649,898; provision tor revision of
Inventory values and contingencies, $609,429: net. mfg. income, $3,528,402;
other income (net), $12,480; diva. (7%%), $1,802,193; bal., sur,* $1,733,690.
Chairman, Herbert DuPuy; Pres., C.O. Ramsey; Trees., G.^A. TurvUle; Sec., Charles W. Rowlands. Office, Oliver Bldg., Pittsburgh, Pa.—
(V. 91, p. 874, 947, 1033, 1097.)
v
CUDAHY PACKING CO.—(V. 89.
p.
166, 332; V. 90, p. 805. 875.)
Cl
para
from
and Louisiana
counties
^DI^LD'S.— V*0L
dfsffibufem of 2% in stock epAmer?Tel. A TehSo^Oct. 1
PeAlzoaspecial
1
*B(5ndS*rEese6consist of $759,000 first 5s (sec table above): $230,000
20-year deb. 5s (int. F, A A.) due
mot., 11910
Jan. t to Sept. 80. j T
EARNINGS*—0
Feb. 1 1920, but redeemable at pact.
Gtoss, $5,073,602; net, $2,198,803
REPORT .-—ForlSOS.V.eo. p. 846, tod. Fairmont and Somerset Coal
companies and other subsidiaries.
Year.
Gross.
Total Net. cages., Ac. BalJorDiv, Dividends* Bal.,But.
sur., J
1,544,412 1,$42,002
*1,060,000 482,002
Includes 8% on Consol. Coal and 2% on Fairmont Co. stock.
—(V. 88. P.J1256, 1315,1875, 1502, 1628; V. 90, p. 773, 846. 1298.)
Y.
RR. In Pennsylvania for 65% of the market value at time of sale
tidewater price),
nming all transportation charges from the mines
_
}909r$10,223.087
$3,081,197 $1,589,238 3M91.95& (6)31,009,683 $4827076
1908. 9,682.301 3,086,414
*
615.3«S^net
above
.43$.
148
INDUSTRIAL STOCKS AND BONDS
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]
Date
Bonds
Sib T & T (<ConcV)—First M $1,000,000 get (other see text)
1898
1909
1894
1903
Gas & El Lt—1st & ret M S25.000.000 g red 105 s f _Ba
union Water Co—First mortgage 58,000,000 gold
South Platte Can A Res 1st M gold gu (end) red (text) —G
Detroit City Gas—Stock $7,500,000
Prior lien mortgage $6,000,000 gold
N.c*
Detroit Gas consol mortgage for $4,000,000 gold
G.cAr
Detroit City Gas gen mtge $10,000,000 gold (see text)..Eq
Detroit Edison—Stock $6,000,000 authorized
First mortgage $10,000,000 gold--S.c*
Debentures $1,000,000 convertible since Sept 1008
Debentures $3,000,000 g convertible redeemable text.xc*
s Eastern Michigan Edison first
mtge $10,000,000 g guar.Ta
Detroit Mackinac & Marquette RR Land Grant—Income bds
Diamond Match—Stock $16,000,000 (listed In Chicago AN Y)
Coupon gold notes redeemable at 101, due $500,000 yearly
Distillers' Securities Corp—Stock one class $32,500,000
Coll trust M $16,000,000 g conv call 105 since 1908 (text) .c*
American Spirits Mfg 1st M gold call at 105 s f 5%
Ma.c*
Dominion Coal—Common stock $15,000,000
Pref 7% cum convertible red at 125 (V. 80, p. 1732)
1st M g sink fund, $79,000 yrly begins 1911; call 105
Dominion Iron & Steel—Pref stock 7% cum convertible
1st mtge gold subject to call at 110 sink fund
Consolidated mortgage $20,000,000 auth redeemable 105.Dominion Steel Corp—Stock auth $35,000,000
Duluth Edison Elec—Com stk $1,000,000 auth (V 86, p 1533)
Pref stock $1,250,000 auth (also as to assets) 6% cu red-120
First mortgage $2,000,000 gold redeem 105 sink fund.-OB
(E I) du Pont de Nemours Powder—Com stock ($30,000,000)
ver
ver
„
-
1903
1903
1903
Par
Amount
Rate
When
Value
Outstanding
%
Payable
$1,000
1,000
100 Ac
500 Ac
100
1,000
1,000
1,000
100
1903
1906
1910
1906
1,000
1,000
100
100
1908
1,000
1902
1895
100
1,000
1,000
1905
1899
1909
100
100
500 Ac
100
$ A
100
100
100
1906
1,000
Stock, $6,800,000, the D. L. A W. RR. stockholders having used half o.
the special dividend paid them July 20 1909 in subscribing for the same.
V. 89. p. 46; V. 90, p. 561.
Dividends In 1910, 10% (2M%. Q.-J.)—
(V. 90, p. 55. 561.)
DENVER GAS & ELECTRIC CO.—ORGANIZATION.—The Denver
Gas A El. Light Co., with $10,000,000 authorized stock, was Incorporated
InColorado Nov. 29 1909 to take over the property, and made la $25,000,000
mtge., but the transfer had not been completed Oct. 1910.
V. 90, p. 112;
V. 91, p. 41; V. 74, p. 1359; V. 83, p. 154.
Reduction of prices In 1910,
V. 90, p. 449.
Stock of Denver Gas, $3,500,000.
In Sept. 1910 the Cities Service Co. was organized with $50,000,000
authorized stock as a holding company to take over the company, Empire
District Electric Co. of Joplin, Mo., Spring River Power Co. and Spokane
(Wash.) Gas A Fuel Co., and possibly several other co’s. V. 91, p.656,873.
BONDS.—The “first and refunding” 5s of the proposed Denver Gas A
El. Light Corp. are callable at 105 in any amounts on
any interest day.
An¬
nual sink, fund, beginning 1910, an amt. equal to 1 % of outstanding bonds.
Of the 1st A ref. 5s, $8,900,000 can be used to retire $8,000,000 D. G. A E.
bonds and $900,000 Lacombe Electric bonds due 1921, but subject to call
at a premium guaranteed, prln. and lnt., by Denver Gas A El. Co.
V. 90,
p. 112; V. 91, p. 656.
Denv. G. A E. gold 5s, $8,000,000 auth., of which $6,056,850 out¬
standing ($100, Ac., each), 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 lnt. day thereafter at 105; lnt.
M. A N. at Emerson McMillln .A Co., New York; Trust Co. of America,
trustee.
See V. 82, p. 103.
V. 86, p. 983.
Of the gen. 5s. sufficient are
reserved to retire $936,600 Denver Consol. Gas 20-year gold 6s. due Nov. 16
1911, lnt. J. A J., at Emerson McMillln A Co., N. Y.. subject to call at 105.
In Sept. 1910 sold $1,000,000 one-year 6% coupon notes ($5,000 each), due
Sept. 6 1911. V. 91, p. 719.
'•
EARNINGS.—Report for year ending May 1 1909 In V. 91, p. 654,
showed: Gross, $2,471,148;net, $1,096,285; lnt.,$424,854;dlvs.(6%), $210,000; bal., sur., for year, $461,431; total sur., $1,878,504.
Pres., Henry L.
Doherty, 60 Wall St., N. Y.—(V. 91, p. 156, 654. 656, 719.)
DENVER UNION WATER.—A consolidation Oct. 1894. Franchises
expired April 10 1910. The electors on May 17 1910 voted to make an offer
to purchase the plant or build new city plant.
The city’s offer to purchase
was declined In June 1910.
The electors on Sept. 6 1910 voted to Issue
$8,000,000 bonds to construct a municipal water plant, but a temporary In¬
junction was Issued preventing the Issuance of the bonds. V. 91, p. 656.
V. 90, p. 1298, 1493, 1616; V. 91, p. 656.
Stock, $5,000,000 common and $2,500,000 5% non-cura. pref. Par
value of shares, $100.
Dividend on common and pref. stocks of 5% paid
April 10 1905, Jan. 2 1906 and Jan. 2 1907 5%. The South Platte Canal A
Reservoir Co., whose stock Is all owned, completed a new reservoir In 1904;
Its $4,000,000 authorized 5% bonds are guaranteed; the latter are
subject to
call at 105 between April 10 1910 and April 9 1911. V. 79,
p. 231, 289. See
table above.
Pres., D. H. Moffat; Treas., F. G. Moffat.—(V. 91, p. 656.)
DETROIT CITY GAS.—Organized in Mch. 1898 and owns all the gas
properties in Detroit. Mich. Has a franchise till 1923. In 1906 the Amer.
Light A Traction Co. acquired about 97% of the stock. V. 82, p. 283, 989.
STOCK.—Auth., $7,500,000; outst’g, $6,580,000, $1,580,000 being
subscribed for in Dec. 1908; par, $100. V. 88, p. 103;
V.87,p. 1666. Divi¬
dends. 2H%, 1899; 1900, 5%; 1901, May, 2H%; in 1903, 5% in6% ctfs.,
paid Deo. 1904; in 1904, 5%; in 1905, 6%; in 1906 and 1907, not made pub¬
lic; in Sep$. and Dec. 1908, 2% each declared. V. 87, p. 1666.
BONDS.—The prior lien mort. is for $6,000,000, of which $381,000 to re¬
tire the outstanding 5s of 1893.
Prior lien bonds are
to call at no.
Of the gen. 5s of 1903 ($10,000,000 authorized issue. subject
Equitable Trust Co. of
N. Y., trustee.) $6,000,000 are reserved to retire the prior liens;
present is¬
sue, $500,000; Nos. 1 to 1,000 mature $100,000 yearly from July f
1913 but
are subject to call at par; if called, holder
may take new bonds due July 1
,1923, subject to call at 105; balance matures July 1 1923. V. 77, p. 253;
V, 78, p. 822.
Statement to N. Y. Stock Exchange, V. 79, p. 102.
OFFICERS.—President, Emerson McMillln, New York; Gen. Mgr., Irvin
Butterwood, Detroit, Mich.—(V. 82,p.283,989;V. 87, p. 1666; V. 88, p.103.)
DETROIT EDISON CO.—ORGANIZATION.—Incorporated in Jan
1903 and absorbed the Edison Illuminating Co. of Detroit and Peninsular
Electric Light Co.; does entire
electric-light Dusiness in city. V. 76, p. 215.
Owns entire stock of Eastern Mich. Edison Co., having
electric-light prop¬
erties outside of Detroit, whose bonds are guaranteed; the Eastern
Michigan
Edison Co. owns all the securities of the Washtenaw Light
A Power Co.,
except the outstanding $129,000 1st M. 5s due Aug. 1 1932.
V. 84, p. 751;
V. 90, p. 1616; V. 91. p. 398.
Controlled by North American CO Interests.
Stock auth., $9,000,000, as
Increased Feb. 1910; Issued, $5,000,000, remainder
being reserved for ex¬
change for the convertible bonds; par, $100. First dlv., 1%, July 15 1909;
Oct., 1%; 1910, Jan., 1%; April, 1%; July, 1 X%; Oct., 1 H%. V.90,p.l616.
BONDS.—Remaining mortgage bonds can only be Issued for not ex¬
ceeding 75% of the cost of additions and Improvements. V. 77. d. 2037. The
debentures of 1906 are convertible Into stock at option of holder and redeem¬
able at par since Sept. 1 1910.
V. 83, p. 275; V. 87, p. 350.
Of the $3,000,000 debentures authorized Feb. 1910, $1,500,000, which
were underwritten, were offered to stockholders at
par, payable In full by
Oct. 1 1910.
They are subject to call on or after April 1 1915 at 105 and
are convertible at par Into stock between
April 1 1912 and April 1 1918, or
when called for redemption. V. 90, p. 449, 773; V.
91, p. 398,
Eastern
Michigan Edison guaranteed bonds, see above. V. 84, p. 751.
EARNINGS.—For 6 mos. ending June 30 1910, gross, $1,357,232, agst.
$986,791 In 1909; net, $986,791, agst. $431,369.
Report for year ending Dec. 31 1909 In V. 90, p. 301, 370, with balance
sheet, showed, gross, $2,199,143; net after taxes, $924,565; lnt., $552,300;
dlv. (2%), $100,000; bal., sur., $272,265.
Calendar year 1908, gross,
$1,788,812; net. $682,731; lnt. on bds, Ac., $529,752; bal., sur., $152,979.
Pres., C. W. Wetmore; Sec., S. W. Burt; Treas., Geo. R. Sheldon, N. Y.;
office, 30 Broad St.—(V. 90, p. 375, 449, 562, 773, 1616; V. 91, p. 398.)
DETROIT MACK. & MARQ. RR. LAND GRANT.—See issue of July '10.
DIAMOND
MATCH.—ORGANIZATION, Ac.—Organized in 1889 un¬
der laws of Illinois.
Owns factories at Barberton, O., Detroit, Mich., Osh¬
kosh, Wls., Oswego, N. Y., Portland, Me., Chico, Cal., Ac.; controls compaules in England, Germany, Switzerland, Peru, South Africa, Ac.; see
V. 76, p. 380, 656; V. 82, p. 389. See annual report, V. 90, p. 1237. Store
Property at Philadelphia, and saw-mills, with extensive
pine stumpage;
V. 73, p. 135; V. 76, p. 380, 1087; V. 86, p.
1283.
As to California lumber
purchase, see V. 76, p. 380; V. 78. p. 700; V, 80, p. 648; V.
82, p. 389;
V. 86, p. 1283.
As to possible bona Issue, see V. 91,
p. 947..
j
Ac
1,000
1,000
too
$759,000
5 g
5 g
J
A
J
MAN
J
A
J
5k
J
A
5 g
J
6,580,000See text See text
J
A
5 g
J
5,619,000
F
A
381,000
A
A
5 g
J
500,000
J
5,000,000 See text Q—J
J
A
8,914,000
J
M A
1,000,000
A
1,500,000
A v1
eg
5 g
m a :
1,319,000
1,390,000 See text A A
712,000
8,000.000
2,400,000
!•
16,000,000|See text
5 g
1,000.000
30,780.800,2 In 1910
14,067,000
Q—M
J
A
J
Q—J
[Vol. mm
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Jan 1 1918
Nov 1 1949
Washington Trust. N Y
July 1 1914
July 1 1923
Fourth Nat Bank, N Y
do
do
and Denver
Checks mailed
Emerson McMUlIn, N Y
See
Jan
Feb
See
Oct
Jan
Bankers TrCo.N Y
text
1 1923
1 1918
text
Guaranty Trust Co, N Y
Emerson McMillln A Co
15’101 M% Checks mailed
1 1933
Office, 30 Broad St. N Y
do
do
Sept 1 1911
do
do
April 1 1920
do
do
Nov 1 1931
Oct 1 1911
Central Trust Co, N Y
Sept 15 '10 IH By check from N Y office
July 1911-1912 Empire Trust Co, N Y
Cct 31 '10 X% By check
A
A
O Oct 1 1927
1,496,000
MAS Sept 1 1915
Oct 1 1910 1%
15,000,000 4 in 1910' Q—J
3,000,000’
7
IF
A A Aug 1 '10 3
%
7,000,000!
5 g
|M A N May 1 1940
5,000,000 See text See text Oct 1 '10 3H%
7,332,000
5 g
'J
A
J July 1 1929
6.813,333
5
MAS Sept 1 1939
5 g
6 g
Mercantile Trust Co, N Y
Manhattan Trust Co,N Y
Checks mailed
do
N ETr Co, Bost A Mont
Bank of Montreal, Can
First coupon March 1910
35,000,000
500,000 See text.;See text. See text.
1,150,0006 In 1910
Oct 1910 1H% Standard Tr, N Y; A Bos
Q—J
1,209,000
5 g
Old Colony Trust Co, Bos
M A
S Mch 1 1931
29,396,28212 In ’10 Q—M 15 Sept 15 *10 6% Checks mailed
.
Stockholders
on
May 6 1908 voted to acquire the half-interest of Bryant
A May In California lumber purchase for $2,250,000; of this $1,750,000
to be paid in semi-annual Installments to Jan. 15 1923, with lnt. at 5%
(amount remaining due Jan. 1 1910 being $1,524,356). V. 86, p. 1283. In
1908 Issued $2,000,000 5% notes due $500,000 yearly to 1912. V.86,p.l470.
DIVIDENDS.—
11893 1894. 1895 1896 to 1908 1909.
1910.
Since 1892.,
--%/ 20
10
21 1-9 10 (2K quar)
ToSept.,4H
8
In 1910 the dlv. rate was reduced from 8% to 6%.
V 90 p 239,375.
EARNINGS.—For 8 months ending Aug. 31 1910, net, $1,011,906*
against $1,008,728 In 1910.
V. 91, p. 947.
ANNUAL REPORT.—Report for year ending Dec. 31 1909 In V. 90,
p. 501, 1237, showed net over $477,095 depreciation, Ac., $1,719,782; profit
from sale of Bryant A May pref. stock, $47,865; dlvs. (8%), $1,280,000;
depreciation and general reserves, $300,000; bal.. sur., $187,647. Chair¬
man of Board, O. C. Barber; Pres, and
Treas., Edw. R. Stettlnlus; Sec.,
H. F. Holman; Aud., H. C. Cranz.
General offices, 26 Market St., Chicago.
New York offices, 111 Broadway.—(V. 91, p. 278, 947.)
—
DISTILLERS' SECURITIES CORPORATION.—ORGANIZATION.—
Incorporated in New Jersey on Sept. 18 1902 as successor per plan V. 74, p.
1310, 1358. of the Distilling Co. of America, the latter having control of the
American Spirits Mfg. Co., Kentucky Distilleries A Warehouse Co., Spirits
Distributing Co. (dissolved in 1902) and Standard Distilling A Distributing
Co.; see V. 68, p. 1224 (dissolved in 1905); also several rye whiskey concerns
Including Hannls Distilling Co. V. 69. p. 179, 494, 745. List of properties,
V. 73, p. 136, 898; V. 71, p. 815; V. 69, p. 957.
Ally Republic Distilling
Co., V. 81, p. 1614; V. 83, p. 326. Favorable decision, V. 88. p. 379.
In Oct. 1906 the United States Industrial Alcohol Co. was organized as
a subsidiary to manufacture denatured alcohol; of the $12,000,000 com¬
mon stock a
majority Is controlled through a voting trust by the Distilling
Co. of America, which guarantees the dividends on the $6,000,000 7%
(non-voting) preferred stock. V. 84, p. 341; V. 85, p. 790; V. 88, p. 629.
Owns about 95% of the stocks of the Distilling Co. of America.
The 5%
bonds are secured by the deposit of the stocks and bonds
acquired, and are
redeemable at 105 since 1908 and convertible at option of holder into stock
at par at any time till Oct. 1 1912.
V. 90, p. 305, 375.
DIVIDENDS.—
Percent
1903 to 1905.
1906.
1907.
1908 to 1910.
4% yearly.
AH
5%
2% y’ly (Q-J)
REPORT.—Report for year ending June 30 1910, In V. 91, p. 943,
showed gross profits, $2,723,980; Interest, taxes, additions, Ac., $1,944,762;
net profits, $779,218, against $734,207 In 1908-09; dividends (2%), $687,668; balance, surplus, $91,550.
DIRECTORS.—E. J. Curley (Pres.), Lawrence L. Gillespie, W. P. Ward
(V.-P.), Amory G. Hodges, J. E. Hulshlzer, Alfred W. Hansell.
Executive
Committee—E. J. Curley, W. P. Ward, Amory G. Hodges, Sec.-Treas.
R. C. Rann.
Office, 15 Exchange Place, Jersey City.—(V. 91, p. 943.)
DOMINION STEEL CORPORATION. LIMITED.—ORGANIZATION.
—Incorporated in 1910 to amalgamate (per plan in V. 90, p. 1104, 1173)
the Dominion Coal and the Dominion Iron A Steel companies (see state¬
ments of those cos. below), the name being changed June 23 1910 to Domin¬
ion Steel Corporation, Ltd., Its common stock and later Its preferred to be
exchanged for those of the corresponding stock of the two cos., share for
share.
In June 1910 about 90% of the $15,000,000 Dom. Coal and 95%
of Dom. Iron A Steel Co. common stock had been exchanged.
Stock,
common, $35,000,000; par, $100.
Pref. stock (none yet auth. July 1910)
to be $35,000,000.—(VT 91, p. 97.)
Dominion Coal Co., Ltd.—ORGANIZATION.—Incorp. 1893.
BONDS.—Bonds (Royal Trust Co., Montreal, trustee), see V. 80, p. 1481,
1732; V. 88, p. 1562, 1624; V. 89, p. 106.
Cape Breton real estate debens.
$160,164, and Dominion rolling stock debens., $107,483; mtges., $50,000.
DIVIDENDS.—On new com., 1% (quar.) paid April 1907 to Oct. 1910
lncl.; 4% to be paid 1 % quar. begln’g July 1 1910 under amalgamation plan.
Output for cal. year 1909, 2,734,774 tons, against 3,555,068 tons in 1908.
REPORT was given In V. 90, p. 1043, showing net earnings of $1,113,091
In 1909; deprec. and renewals, $350,000; lnt. on bonds,
Ac., $312,565,
dlv. on pref., $210,000; dlv. on com. (4%), $600,000; bal., def.,
$359,474.
Pres., J. H. Plummer, Montreal.—(V. 90, p. 1042, 1046, 1104, 1242.)
Dominion Iron & Steel Co.—ORGANIZATION.—Organized under the
laws of Nova Scotia on June 17 1899; works at
Sydney, Cape Breton; daily
capacity 1,000 tons of steel.
Owns four blast furnaces, open-hearth
plant, billet mill, blooming mill, rod mill, with capacity of 250 tons dally.
Ac.
See V. 79, p. 2203.
Rail mill, 700 tons dally capacity.
Capacity will
be Increased about 30% on completion of Improvements In
progress In April
1910.
V. 77, p. 149; V. 81, p. 1549; V. 90. p. 1042.
In March 1909 the litigation with the Dominion Coal Co. over the
coal
contract was settled.
V. 90, p. 702
In July 1910 consolidation of the
Interests of the two companies was pending, per plan In V.
90, p. 1104,1173,
as the Dominion Steel Corporation,
Ltd., Its common stock first,and alter
Its preferred, to be exchanged for those of the
corresponding stock of the
two cos., share for share.
The common stock of each
company will receive
a cash distribution of $4 per share, payable
$1 quaiterly, beginning July 1
1910.
In June 1910 lt had peen arranged to exchange about 95% of the
common stock.
V. 89, p. 1350, 1485; V. 90, p. 55. 1043, 1557, 1680.
Bounties on pig Iron and steel Ingots expire Jan. 1 1911.
V.83, p. 210,
1413, 1526; V. 85, p. 1521; V. 89, p. 106.
STOCK.—Common authorized, $25,000,000 as increased June 1908;
outstanding, $20,000,000; 7% cum. pref. stock ($5,000,000) subject
to call at $115 per share or convertible into com. stock at holders’
option.
V. 72. p. 778; V. 74, p. 530; V. 87, p. 99.
Dividend on pref., 3 H% Oct. 1 1901; In 1902 7% (A. A O.);
1903,
Apr., 3H%; May 10 1909, 10X%; Oct. 1,3H% (semi-ann.) and 3H% on
account of accumulated dlvs.; April 1910, 31 H%, Including full
payment
for 28% accumulated dlvs.; Oct., 3H%. V. 88, p. 1064; V. 89, p.
595;
V. 90, p. 702. Dividends on common under amalgamation
plan, see above.
Bonds.—Of the $20,000,000 consols, sufficient were reserved for under¬
lying bonds. In July 1909 $5,840,000 consols were sold for Improvements
and retirement of $1,500,000 2d M. bonds and In Oct. 1910
£200,000.
V. 87, p. 99; V. 88, p. 1064, 1315, 1624; V. 89, p. 106; V.
91, p. 1028.
REPORT.—Fiscal year now ends May 31.
Report for year ending
May 31 1910 in V. 90, p. 1673, showed net over repairs, Ac., $2,735,591;
sink, fund, deprec’n, Ac., $498,101; Jnt on bonds, Ac., $629,528;
pref. dlv.
(7%), $350,000; bal., sur
$1,257,961.
Total surplus May 31 1910,after
deducting payment of 31 H%.arrears! of dividend ($1,575,000) and 2 mos.
reserve for dividend
payable Oct. 1910 ($58,333), $2,058,226. Directors
June 1909, V. 88, p. 1624.
Pres,, J. H. Plummer, Montreal; V.-P., L. J.
Forget, Montreal.-rMV.iOO, p. 1104, 1173, 1616,1673; V, 91. p. 1028,) .^
,
INDUSTRIAL STOCKS AND BONDS.
Got., 1910.]
MISCELLANEO US COMPANIES
[For abbreviations, Ac., sec notes on first page]
(E I) du Pont do Nem P (Con)—Pref *tk 5% cum
Date
Bonds
125^000,000
Bonds (not mortgage) 116,000,000 gold red at 110.G.c*Ar*
Bonds (1st M 6s cou tr) gold red 105 sink fund (text)__Mp
Wllm’ton Tr Bldg 1st M $1,500,000 g Int gu red 110
c*
Eastman Kodak—Common stock $25,000,000
Preferred (also as to assets) $10,000,000 6% cumulative..
Edison Electric Ilium Co, Boston—-Stock (bonds, see text)..
Edison Electric Illuminating-—See Kings County Electric Llg
Electric Storage Battery—Stock ($189,425 Is preferred (text)
Empire Steel & Iron—Preferred stock 6% cumulative
Equitable Illuminating das Light Co of Phila—Common stk.
Pref stock 6% (dlvs. pd. regularly since organization)
First M g red 105 for sink fd of $124,000 yearly
Prie
airmont
M $1,500,000 red (text). GP.c*
& Western
Coal Co—Stock
Transp—First
$12,000,000....
Mortgage ($6,000,000 gold) sinking fund (see text).—G.c*
Briar Hill Coal 6b Coke Co assumed
Federal Mining ft Smelting—Common stock $10,000,000...
Preferred (as to assets) 7% cumulative $20,000,000 auth..
Federal Sugar Refining—Pref stock 6% cum red conv (text)
General Asphalt—Pf stk 5% cum (from June 1905) also assets
General Chemical Co—Common stock $12,500,000
...
Preferred stock also assets 6% cumulative $15,000,000
General Electric—Stock ($80,000,000)
Debentures for
Sprague stock $2,500,000 gold red (text).o
Debentures $13,000,000 gold convertible redeem (text)
General Motors—Common stock $40,000,000 auth
Preferred 7% cumulative $20,000,000 authorized
1st lien s f gold notes $20,000,000 auth red 102 X text-.Ce
Par
Amount
Rate
When
Value
Outstanding
%
Payable
Erovlded
for 12 months
been
twice the
iterest charges.
preceding
net earnings
Including
the additional
bonds. shall
See have
V. 82,
p. 572.
EARNINGS.—Year ending Aug. 311910, gross, $404,486; net, $185,032;
int. and rentals, $59,532; pref. div. (6%), $69,000; bal., sur., $57,400.
Pres., A. W. Hartman; Sec., C. E. Van Bergen; Treas., F. Hartman.
Duluth, Minn.* V.-P., S. Z. Mitchell Asst Sec. and Treas., A. E. Smith,
71 B’way, N. Y.—(V. 88. p. 1064.)
E. I. DU PONT DE NEMOURS POWDER CO.—ORGANIZATION.—
Incorporated May 19 1903. V. 76. p. 1251; V. 77, p. 453, 1535, 1748;
V. 78, p. 290,1112; V. 82, p. 1214; V. 84, p. 806; V. 91, p. 399.
Gov’t suit
properties controlled, 6sc., V. 85, p. 286, 342.
DIVIDENDS, %—
’04. ’05. ’06. ’07. *08. ’09.
1910.
Common
X
3X6X7
7
7 H To Sept, 10
Preferred
5% yrly. (Q.-J.) Oct. *03 to Oct ’10, incl.
In 1910, Mch., June and Sept., 2% each, and in Sept. 4% extra; total
dividend rate in 1910 to be 12%.
v. 91, p. 278.
BONDS.—The 4Xs of 1906 ($16,000,000 authorized) are a first charge
on the entire property; they are not secured by mortgage or deposit of col¬
lateral.
Of the Issue $9,210,000 were used to retire a part of the preferred
stock, the remainder being reserved to take up subsidiary bonds. V. 83,
p. 99, 158, 274, 893; V. 84. p. 690; V. 85, p. 471: V. 88, p. 1624.
The 1st
and collat. tr. 5s of 1909 are subject to call as a whole at 105 and at par by
lot by a sink, fund of $124,000 yearly, beginning 1910.
Guarantees as to
InterestJWilmlngton Trust Co. 5s (present issue $1,000,000). V. 90, p. 1365.
PSTOCK.—The stockholders on Aug. 23 1910 auth. the issue of $841,000
oom. at 140 and $1,682,000 pref. stock at 80, raising the amounts outstand¬
ing to $29,396,282 com. and $16,068,801 pref. respectively, the stock,
which was underwritten, being offered pro rata to stockholders, the com¬
mon to common stockholders, to be paid on or before Oct. 15 1910, and
the pref. to shareholders of both classes, to be paid for Jan. 1 1911, or in 4
installments of 15% each, Jan., Feb., Mch.ana Apr., 1911, and 20% each
May l and June 1 1911. V. 91, p. 719, 520.
W EARNINGS.—For 6 mos. ending June"30T1910,▼gross,*$15,995,471,
agst. $14,804,491 in 1909; net after deprec’n, 6bc., $3,013,157, agst. $2,837,539: non-oper. deductions, $151,153; bond tnt., $353,243: pref. div.,
2X%. $336,720; bal. for oom. stock, $2,172,641. V. 91, p. 278.
REPORT.—Report for cal. year 1909 at length In V. 90, p. 507.
Cat.
Gross
Year.
Earnings,
1909
..$30,805,916
1908.— 28,027,094
Net Appli- Pref. Div.
Common
Balance,
cable to Div.
(5%).
Dividend.
Surplus.
$4,858,488 $699,924
(7%)$2,170.395 $1,988,169
3,995,701
771,078
(7%)1.786,?38
1.437,885
OFFICERS.—Pres., T. C. du Pont; Treas., Pierre S. du Pont; Sec.,
Alexis I. du Pont.
Main office, Wilmington, Del.—(V. 91, p. 520, 719.)
EASTMAN KODAK CD. (OF NEW JERSEY) .—ORGANIZATION.—In¬
corporated In New Jersey Oct. 24 1901 as an amalgamation per plan V. 73,
.
p. 1114, of various operating companies, of which It owns practically all the
stock.
See list V. 67, p. 1160,1207; V. 69, p. 387; V. 75. p. 735,613; V. 77,
p. 253 , 300; V. 89. p. 1225; application to list, V. 80, p. 1477.
Stock authorized, common, $25,000,000; pref. (also as to assets), 6%
cum., $10,000,000; outstanding, common, $19,520,700; pref., $6,165,700.
No bonds.
Dividends on pref. In full to Oct. 1 1910 inclusive (paid Q.-J.).
Extra Dividends on Common Stock.
Year
Year.
Year.
Year.
1910
1906.
1907.
1908.
1909.
Feb.
Apr. July.
Sept. Dec.
9 X%
10%
15%,
20%
7 X%
2X% 2X%
5%
10%
Report for calendar year 1909, V. 90, p. 975, showed: Net profits, $6,-
852,575; div. on pref. (6%), $369,942; div. on com. (30%), $5,856,210.
bal., sur., $626,423.
Pres., George Eastman; 1st V.-P. and Treas., Henry
A. Strong.
Office^ Rochester, N. Y.—(V. 90, p. 979; V. 91, p. 874.)
EDISON ELECTRIC ILLUMINATING CO. OF BOSTON.—ORGANI¬
ZATION.—Incorporated In 1886. In 1903 controlled entire electric light
business of city.
V. 81, p. 157; V. 88, p. 454. On Apr. 29 1909 stockhold¬
ers authorized purchase of electric business of Boston Consol. Gas Co.,
also properties In Cbelsea, Newton, Waltham, Lexington, Ac. V. 88,p.1132.
Jan. 5 1910 auth.
an
Places Where Interest and
Dividends are Payable
Oct 1 *10. 1X% Checks mailed
$100
See text 5 in 1910 Q—J
4 Xg J
A D June 11936
Guaranty Trust Co, NIY
1,000 $14,452,200
J July 11922
J
4b
Metropolitan Tr Co. NY
1,850,000
1,000
J
4b D1940
5 g
1,000.000
1.000
Dec 1 '10 10% Rochester, N Y 4b Lond
Q—J
100 19,520,700 See text
do
do
6
100
,
Q—J Oct 1 •101X%
6,165,700
Nov
See
text,
1*10 8%
100 15.543.600
Q—F
By elieck
I]
ht & P ower and Conaolidat ed Gas C o of New York.
Oct 1 1910 1% Checks mailed
100 16,249,425 4 in 1910
In 1910
4b
J July 11910 3% Checks mailed
100
2,500,000
In 1909
Deo
Dec 1909
6
Checks mailed
3,125,000
In 1909 J
4b D June 15 ’10 3
do
3.125,000
1898
5 g
4b
J Jan 1 1928
New York Trust Co, N Y
J
1,000
5,632,000
1905
4
6b
J
Treasurer’s
Jan 1 1925
1,000
1,500,000
g
Office, Phila
100 12,000,000 See text See text Jan 301909 2% Checks mailed
1901
5 g
J
4b
J July 11931
1,000
5,272,000
Guaranty Trust Co, NY
5
1900
J
4b D June 1911-1913 R C Dalzell, Wheel, WVa
90,000
1,000
100
6,000,000 See text Various Jan 15 ’091 X% Checks mailed
100 12,000,000 7 In 1909
do
do
Q—M Sept 15 10 1H
100, 3,322,800 6 in 1910 Q—F Oct 31 ’101 X%
100 13,140,000 See text
Checks
from
Gu
TrCo,NY
Septl’101X%
100
Deo 1 1910 1H 25 Broad St. New York
8,151,330 See text
6
100 12,500,000
Oct 1 ’10 1X%
do
do
100, 65.179.600 8 In 1910 Q—J15 Oct 15 ’10 2% Check from Co’s Office
1902
100 Ac
Guar Tr Co, NY: 4b Boat
2,047,000
3X g F 4b A Aug 1 1942
J
1907
500 Ac 12.875.000
5 g
4b D June 11917
Farm L A T Co, NY4bBos
100 ab20294030 See text. See text.
100 abl5035400 See text A
6b O Apr 1 1910
1910
6 g
A
...I 15,000,000
4b O Oct 1 1915
New York
DULUTH EDISON ELECTRIC CO.—ORGANIZATION.—Incorporated
on
Last Dividend
and Maturity
1906
1909
1910
In Minnesota In 1906 as successor of the Duluth General Electric Co.
Has
unlimited franchise and 10-year contract with Great Northern Power Co.
expiring July 1917 to provide power on advantageous terms. V. 82, p. 573
DIVIDENDS.—On pref., f X% quar., July 1906 to Oct. 1910, incl.
On
common in 1908-09, $47,000 Dad from accumulated surplus
BONDS.—Of the bonds ($2,000,000 autnortzed Issue), the unissued
$791,000 are issuable for 80% of cash cost of additions and Improvements,
STOCK.—Stockholders
149
reserved for bad debts and Income tax fund, $5,222;
DIVIDENDS—
1898
1899
1900
1901 to 1907
1908
1909
1910
Common (%)
4
6
6
6 yearly
6
6
6
—(V. 87. p. 418 1302. 1481; V. 88. p. 1200; V. 89. p. 351,1225,1485.)
ERIE ft WESTERN TRANSPORTATION CO.—ORGANIZATION.—
Owns terminals, lnd. grain elevators and freight warehouses, at Chicago.
Ill., Buffalo, N. Y., ana Erie, Pa., and vessels plying on the Great Lakes, all
used by Penn. RR., which Jan. 1 1910 owned $2,499,650 and Northern
Central Ry. $500,000 of the $3,000,000 stock. Bonds are guar, by the Con¬
necting Terminal RR. of Buffalo and Western Warehousing Co. (of Chicago);
they are subject to call at 105 since Jan. 1 1910. V. 70, p: 432; V. 80, p.
711; see application to list, V. 81, p. 724.
For 10 years ending Deo. 31
1903, dlvs. were 4% to 5% y’ly; 1904 and 1905, 0; 1906 and 1907,4%; 1908,
0; 1909, 4%.
Office. 26 So. 13th St.. Phila,— (V. 81. p. 724.)
FAIRMONT COAL CO.—ORGANIZATION.—Incorporated in West Vir-
a consolidation
of lands
coal companies
nearabout
Fairmont,
raVa.JuneOwns
20 1901
as35,000
about
acres of coal
and rights and
4,030
of surface; also about 25,000 acres under perpetual lease.
See V. 74,
p. 98, 431; V. 87, p. 289.
The Consolidation Coal Co. of Maryland owns
entire $12,000,000 stock.
V. 88, p. 1316.
Car trust bonds (serial 5s), $1,944,000, dated Sept. 1 1906, of which $1,529,000 had been issued to Nov. 1907. In Nov. 1907 the company sold
2,000 cars to the Balt. A Ohio RR., which assumed (the $1,529,000 car tr *js
thereon
V. 85, p. 1404.
Tonnage, 1908, 3,270.493; 190?, 4,323,882.
Sub. Co., Ac., Bonds—
Interest. Meld by Pub. Maturity.
Date.
Clarksburg Fuel 1st M
1901
5% A6%
$114,000 Oct. 11931
Plttsb. A Falrm. Fuel 1st M—
1905
98,000 July 11935
5% JAJ
U. S. Mort. A Tr. Go., N. Y., Trustee.
Subject to call at 110.
acres
Dies.—1904, 2%; 1905, 3; *06, 3 X; *07. 8; ’08 and *09. Jan., 2%.
REPORT.—Report for year ending Dec. 31 1908 In V. 88, p. 1000.
Year.
Gross.
Tot.net. Chgs.,Ac. Bal.forDiv.
Dividends. Bal. jut.
1908—$3,401,815 $1,221,714 $652,000 $569,714 (2%)$240,000 $329,714
1907— 4.860.327
2,023,301
836,511 1,186,790 (2%) 240,000 946,79Q
Pres., C. W. Watson. Office, Baltimore, Md.; sales office, 1 B'way,
New York;—(V. 87, p. 289; V. 88. p. 751, 885, 1000. 1316.)
FEDERAL BISCUIT CO.—V. 91. p. 591.
FEDERAL MINING ft SMELTING CO.—ORGANIZATION.—Incor¬
porated under laws of Delaware June 25 1903. Owns silver-lead mines In
Coeur d’Alene district, Idaho.
Owns 27,000 shares Bunker Hill A Sullivan
Mining Co. stock, received In settlement of litigation Apr. 1910; total owned
28,000 shares. V. 90, p. 1365.
In 1905 Amer. Smelters’ Secur. Co. (con
trolled
by Amer. Smelting A Ref. Co.) acquired control. V. 80, p. 1974.
1909
•
DIVIDENDS—
1904. 1905.1906.1907.1908.1909.
1910.
Com. (%), 1X qu.; also extras.4X
10
17
14 X
0
IX
Preferred (7% cum.)
-In full to date
REPORT for year ending Aug. 31 1910 was in V. 91. p. 1023, 1097.
Year—
Net Profits.
Div. on Pref.
Div: on Com.
Balance.
1909-10
$743,807
def.$95,220
(7% >$839,027
1908-09
900,290 (7%) 839,027
(1X%) 89.894 sur. 28,631
Chairman and Pres.. Francis H. Brownell; Treas., F. W. Hills; Sec.,
Frank Sweeny.—(V. 90, p. 1365; V. 91, p. 1023, 1097.)
_
FEDERAL SUGAR REFINING CO.—Incorporated In New Jersey June
19 1902; re-lnoorporated In New York May 3 1907.
V. 84, p. 1117. Plant
at Yonkers, N. Y.
Operations begun Aug. 1 1904; capacity 7,500
bbls. a day.
Application to list, V. 84, p. 691. Process, V. 74, p. 1358.
Stock, com., $6,677,200; pref., 6% cum. (also pref. as to assets), is subject,
to call at 125 and convertible Into oom. stock at par; see table above; par
of shares, $100.
Dividends on pref. stock of old co . paid In full; on new
pref., 1 X% quar. paid Aug. 1 1907 to Nov. 1 1910. For year ending Feb.
26 1910, net. $639,952; deprec’n, $24,000; pref. div. (6%), $199,368; bal.,
sur., $416,584.
Pres., Claus A. Sprockets; V.-P., Clarence H. Mackay and
Win. W. Cook; Treas. and Sec., Pierre J. Smith.
Office, 138 Front St.,
N. Y.—(V. 90, p. 1298.)
GENERAL ASPHALT CO.—ORGANIZATION.—Incorporated In N. J.
May 19 1903 as successor of the National Asphalt Co., per plan V. 75.
Increase of stock from
i
$13,616,100 to $15,561,300, to provide for purchase of properties In Sept.
1909 costing about $2,870,000, and about $1,000,000 notes issued for imShare.
V 89, p. 996,
rov’ts,
to stockholders
at $215 per
f100
the $1,945,200
new1283;
stockV.being
offered
90. p.
55, 112,
1298.
(1902 to 1906.
1907 to 1909.
1910.
—10% yearly. 10% y’ly A 1% ext. 2X-3-3-3
are $1,250,000 1st consol, gold 5s (Int. M. A S.) due
Sept. 1 1924; $50,000 Somerville Elec. light 5s, due 1913, and $157,000
DIVIDENDS.—
Since 1901
BONDS.—Bonds
Woburn Light, Heat A Power Co. 6s, due 1918, Int. A. A O., at Mercantile
Trust Co., Boston.
Real estate mortgage, Ac., notes, June 30 1910,
$849,000; unsecured notes, $38,500. V. 83, p. 1101; V. 84, p. 934.
EARNINGS.—3 mos., J1910
July 1 to Sept. 30.
\1909
Gross, $1,030,984; net. $535,151
Gross,
878,736; net, 420,886
REPORT.—Report for year ending June 30 1910, In “Chronicle” Oct. 29
Nov.
Year—
Gross.
Net.
Oth. IncJnt.ATaxes. Divs.
Bal.,sur.
1909-10— .$4,709,456 $2,602,228
$80,202 $713,286 $1,555,596 $413,548
1908-09—. 4,111,343
2,340,387
45,360 549,387 1,424,389 411,971
or
OFFICERS.—Pres., Charles L. Edgar; Treas., T. K. Cummins. Office.
dividend (6%) on
preferred, $150,000; balance, surplus, $63,975.
Pres., Leonard Peckltt, Catasauqua, Pa.; Sec. and Treas., J. S. Stillman,
Catasauqua, Pa. N. Y. office. 30 Church St.—(V. 90. p. 917.)
EQUITABLE GAS LIGHT (OF N. Y.).—See Consol. Gas Co.
EQUITABLE ILLUMINATING GAS LIGHT CO. OF PHILADELPHIA.
—Org. in 1898 by United GasImpt.Co., which owns majority of the stock,
to operate gas works leased from City of Philadelphia until Deo. 31 1927 on
basis stated in V. 84, p. 1304; V. 84, p. 1370; V. 66, p. 436.
The Improv. Co. creates a sink, fund to retire stock In 1928.
stock outstanding $9,861,000; pref., see table.
DIVIDENDS.—On pref. In 1906, 4% (M. A S.); 1907 and 1908, 2%
(M. A S.); 1909, 5% (1H Q.-J.): 1910, Mch., 1 H% end 1% extra on aocount
mon
of%dvie:June.
1H%:Sept., 1.H%. V. 90,p.449.
VOTING TRUST.—Stock Is vested for 10 years In five voting trustees,
viz;,
Rudulph
William F. Harrity, Alvin W. Krech, Henry Tatnall
Ellis,
and
Henry W. Biddle, but the trust may be dissolved In whole or In part
time by unanimous consent, or after 7 years as a whole. In the dis¬
cretion of a majority of trustees.
V. 88, p. 1064.
Bonds of subsidiary cos.: $879,000 Barber Asph. Pav. deb. 6s due April 1
1916, subject to call at par since 1906; coll. 5% RR. notes, $200,000, due
Feb. 15 1911 (V. 86, p. 1463); $1,493,800 New Trinidad Lake Asphalt
deb. 6s due Jan. 11930; collat. loans Jan. 311910, $671,856.
V. 70, p. 993;
V. 71. p. 545; V. 79. p. 104; see also securities owned, V. 73, p. 290.
REPORT.—Report for year ending April 30 1910, In V. 90, p. 1423
showed results for 12 mos. ending Jan. 31 1910: Total gross Income, $13,992.984; net income, $1,819,687; int., taxes, bad debts, Ac., $787,945; profit,
at any
70 State St., Boston. Mass.—(V. 90, p. 1680; V. 91, p. 719,
792.)
ELECTRIC BOAT CO.—See Issue July 1910.
ELECTRIC STORAGE BATTERY.—See page 163.
EMPIRE STEEL ft IRON CO.—Inoorp. In N. J. In 1899. V. 68. p. 524.
Common stock, $1,254,770. reduoed from $2,281,400 In Nov. 1907.
V. 85, p. 1211.
Preferred, see table.
DIVIDENDS.! ’99. *00. ’01. ’02; ’03. *04. ’05. ’06. ’07, *08. *09. 1910.
pref.—.—%/
3
6
3
3 3X 2X $
$
6
6 4X
6
Accumulated dividends on preferred July 1910, 19X%.
Report for calendar year 1907 m V. 87, p. 348. In 1909, net earnings,
after $108,946 charged off for improvements, depredation. Ac., $219,197;
On
AtkfauK>n* Office. Land Title Bldg.. Phila.—
on
GENERAL CHEMICAL CO.—ORGANIZATION, Ao.
«4?V?90?5:
-Incorporated in
74, p. 1093;
“
v/9?*. p!^
445;
to increase the auth. nxef.
$15,000,000. Holders of both classes of reoord
18 l®1.0 were offered the right to subscribe pro rata at
pari payable
Oct. 15 1910, for $1,250,000 7% cum. 1st
pref. stock of the (ien. unem.
Co. of Cal., convertible until Oct, 11920’lnto*Gen. Chem.
pref. stock At par.
.
STOCK.—Stockholders voted Aug. 12 1910
to
INDUSTRIAL STOCKS ANI) BONDS.
NE0U3 COMPAN
>. aU.t see notes on
Date
Bonds
L
SHUN]
Par
Value
«.|W
Ml
Amount
.
1*90
Mrs
1,500,000 shares
gold
—-
I —tested-See
1908
Bdiana^tUrriw?
1.000
as to asset#)
option see text
------
First mtre *3,000,000 rold red 105 beginning lOll-.N.c* Ar
International Harvester—Common stock. S8O.00O.OOO
Preferred (also as to assets) 7%
_
190*
cumulative, *60,000,000.
International MercanffleMarine—Stock common, *60,000.000
Pref (as to aseeta) 6% cum *60,000.000 Of. 64. p 1*09.1*70)
doU ttust Mtge *76,000,000 ted 105 Since Oetr07-_N.C*&r
titemat NaV 1st 11 if *20.000,000 sub) to can (text)-FP.c*
Oceanic Stto Nav 1st M deb i2.500,W0 atith ted text.cAr
Dominion Line debentures.
,
_
-
——
International NIdcel—Comifcon stock *12,000,000 authorized
stock 6% non-cum *12,000,000 authorized
re *12,000,000 gold callable at 110
N
i
'aper—Stock common *20,000,000..
6% cum *25,000,000 (underlying bonds text)...
frit cons M *10,000,000 g red since 1907 at 105 conv. Us.c*
on# mtge *10,000,000 gold red sink fund conv (text) .Ta.c*
International Salt—Stock **0.000.000
£1.250.000
£120,831
11,542,662
1902
1.1
189*
1.000
1
1905
....
Collat tr
m
1901
gokTJ12.000,000 red 105 B f *200,000 yriy.Usm
1.000
DIVIDENDS.— J1900 to 1902.
1903. 1906 to 1909.
1910.
Oh common, per ct.{
4 yearly.
6
4 yearly.
5% A 10 stk.
In March 1910 paid on common 10% In stock.V. 90, p. *06.
REPORT.—Report for year ending Dee. 31 1909, with balance sheet, in
V.
U§vU off,
OH, *246,102; dlv.,
90, p. 369. showed: Net profits, *2.139,692; Charged
UlVa,
>6,412; to
6% on pref., *705,000; dlv. on Com. (4%), *296,
■ "*
^
profit-sharers,
*109,346; reserve for U. S. tax, *15,000; bal., sur.
r., *787,832.
^OFFICERS.—Chairman of
the Board, William1 H. Nichols; President,
Steele; 1st V.-P., Edward H. Rising; Sec. and Treas., James L.
Morgan: Chairman Exec. Comm.. Wm. H. Nichols Jr., N. Y., 25 Broad St.
—(V. 90, p. 505, 702; V. 91. p. 279, 399, 656.)
GENERAL ELECTRIC CO.—ORGANIZATION.—Organized under a
special charter of New York April IS 1892, and manufactures outfits for
electric railways and all kinds 6f electrical supplies.
In 1896 pooled patents
with WestingnoUse Electric A Mfg. Co.
v. 85, p. 155, 1648; V. 62, p.
662, 635] 1040; V. 65. p. 151, V. 68, p. 1024.
(See V. 68. p. 927.) V.
70. p. 689; V. 80, p. 1481; V. 83, p. 689.
In 1901 obtained controlling In¬
Sanford H.
terest in British Thomson-Houston Co., Ltd., of London. V. 72, p. 1283. In
Ffeb. 1903 about *2,900,000 of the *3,000,000 stock of Stanley Elec. Mfg.
OS. was purchased.
V. 76, p. 437. Owns entire 00m. stock of Electrical
Sec. Corn, and Elec. Bond A Share Co. V. 79, p. 1700, 2645; V. 81, p. 510.
Owns the rights for Hie U. S. under patents covering Curtis steam turbine
engines.
V. 76, p. 1195; V. 77, p. 2161; V. 82. p. 1272. Co-operates
With Am. Locomotive Co. In building electric locomotives.
V. 79, p. 1022.
DIVIDENDS—
1899.
1900.
1901.
1902 to Oct. 1910.
Percent
3
9
6H
8 yearly (Q-J).
In 1902 distributed 66 2-3% stock, restoring 40% surrendered In 1898.
3TQCK.— in 1906-07 310,847,000 new stock was sold to stockholders at
par, raising the amount outstanding to *65,187,400.
V. 83, p. 893, 1849.
DEBENTURES.—In 1902 *2,047,000 deb. bonds were Issued, redeem¬
able on or before Aug. 1 1912 at par and thereafter at 105.
V. 75, p. 139.
There are also *40.000 5% debs, outstanding, convertible into stock at 120.
The *12,675,000 5% debentures are convertible after June 1 1911 Into
stock at par and redeemable after that date at 105.
V. 84. p. 1184, 1251.
REPORT.—For 11 mos. end. Dec. 31 1009 (V. 90, p. 1167,1178,1140):
11 Mos.
—-Yearsend.Jan.il—
Period Covered—
1909.
1908-09.
1907-08.
Income—Sales
*51,656.632 *44,540,676 *70.977.168
~
*
Royalties, Ac
1,260,848
706,552
476.020
Interest and discount
Sale of securities, Ac
Net profit security holding cos
Total Income
Operating expenses and taxes
703,943
1,137.938
35,912
1.010.962
487,079
9,779
750,000
354,102,052 47,168,469 *72,484,988
*46,950,760 41.649.573 *65,536,305
Interest on debentures
657,621
716,643
362,030
Balance for dividends
*6,493,671
*4,802.253 *6,586,653
Balance Deo. 31 1909 as above, *6,493,671: dlv. (8%) on stock, *5,214,
*5Z; total sUr. Jan. 31 1909, *16,102,063; total sur. Dec. 31 '09. *17,381.382
DIRECTORS.—Gordon Abbott, Oliver Ames, C. A. Coffin (President),
______
-
~
-
-
-
-
-
—
-
-
pier5. W.
[amilton.
30 Chur oh St.—(V. 90. p.
1167.1178. 1298; V. 91, p. 279.)
GENERAL MOTORS CO.—Incorp. Sept. 16 1908 In New Jersey and
acquired Bulck Motor Co., Flint, Mich.; Olds Motor Works, Lansing, Mich.,
Ac.
V. 88. p. 751, 824; V. 89, p. 228, 1515, 1666; V. 91. p. 948.
Stook authorized, *40,000,000 common and *20,000,000 7% cum.
par *100.
pref.;
Outstanding Oct. 1910 ,.common, *20,374,030, and pref.,
*17,635,400, of which *80,000 held in treasury of company and not less
than *2,800,000 In treasuries of parent and subsidiary cos. Majority of st ck
held In voting trust.
James N. Wallace, Fredk. Strauss, James J. Storrow,
Anthony N. Brady and W. C. Durant, voting trustees. Divs. on pref.,
3H% semi-ann., Apr. 1 1909 to Apr. 1 1910. inch; Oct. 1910, none. V.
91, p. 874. Dlv. on com., 150% in stock, paid Nov. 15 1909. V. 89, p.
1143.
Report as of Sept. 30 1909, V. 89, p. 1666.
First Lien Gold Notes.—The first lien 6% gold notes of 1910 ($20,000,000),
of which *15,000.000 has been sold, are secured by *15,000,000 1st M. 6%
5-year notes of tne Gen. Motors Co. of Mich, (part ef an auth. issue of
*20,000,000), all of whose stock Is owned, and thusuponthe properties of all
the subsidiaries merged therein, Ac., having total gross assets of $37,383,000, the interest of the General Motors Co. therein, based on Its stock owner¬
ship June 30 910, amountingto $36,920,000, and its equity in the net assets
on that date being $22,608,000.
Any of the remaining $5,000,000 Gen.
Motors of Mich, notes and shares of
subsidiary cos. acquired are to be de¬
posited. Net quick assets must never be less than 133 1-3% of outstand¬
ing notes.
Redeemable at 102 H on any Interest day as a whole or by a sink¬
ing fund of *1,500,000 In 10U and 1912 and *2,000,000 In 1913 and 19H.
V. 91, p. 048, 1028, 1098.
Cross sales of subsidiary 00s. for year ending Oct. 1 1910, about
$58,500,000.
Company’s proportion of profits of subsid. cos. for year (estimated),
*10,485,000.
Pres., Wm. M. Eaton, 7 Wall St.. N. Y.; V.-Ps., W. C. Durant and Fred.
L. Smith; Sec. and Treas.. Curtls R. Hatheway.
Office, 103 Park Ave.,
N. Y.—(V7 91, p. 592, 857, 719, 874, 947, 1028, 1098.)
GRANBY CONSOLIDATED MINING. SMELTING A POWER CO.
LTD.—See report of exrert and annual report for year ending June 30 1910
in “Chronlcler’ Nov. 1910.
GREAT LAKES TOWING CO.—ORGANIZATION.—Incorporated In
N. J. on July 61899 as a consolidation.
See V. 89, p. 70,50*; V. 72, p. 77*.
Government suit, V. 90. p. 1680.
DIVIDENDS—1 *01. '02. ’03. ’04. ’05.’06. '07. ’08. ’09.
1910.
Common (%)
0
0
0
2....
\ 0
0
0
June. 2
Preferred (%)
3M3H
9
0
777
77
7
Pres, and Treas.. Edward Smith, Cleveland, O.—(V. 00,
p. 1680.)
GUGGENHEIM EXPLORATION CO.—(V. 89, p. 667; V. 90,
p.
369.)
HAVANA TOBACCO CO.—ORGANIZATION.—Incorporated In New
ilSF86? on May 28 1902, as amalgamation, per plan V. 74, p. 1142.
and $3,590,000 of 67,600,009 bonds.
owns a
controlling interest In stock
V. 65, p. 287.
non-cum., 65,000,000;
outstanding,
«tf*i«awfc
asmisBoj,d*-Mp.tor
1909, V. 90
698. showed:
MSSiTcSgH?! HfiWfc
^ 38
aw. year
®.
Qua?
.vin.ivw.Mv.
8.912,626
8,687,836
17.442,800
22,408,700
8.956.000
,539,000
18.228,000
3,999,900
2.500,000
Places Where Interest and
Dividends are Payable
•f
4f
Treasurer's Office, PhUa
*
i M a’]?- i--J.J.2 Itm-Jmhfm
Checks mailed
f
•
'
do
Q—J Oct 1’10 1*%
Sep 15'lOSOcts 83 Nassau St. New York
A D June 11922
Guaranty Trust Co, N Y
A O Apr 1 1940
See text Deb 81 *09 2*
tSee text June 1 *10 2!
rfh
lf>
18.716.000
‘
Last Dividend
and Maturity
LXXXXI.
r.n mnroni-.i
A
-
■
■•••>»»
*
♦
<
Central Trust Co, N Y
A Aug 1 19*8
8.000,000 See text See text
4.800.000 6 In 1910 J
A
J
2,000,500
J
A
J
80.000.000 See text See text
80.000,000
7
Q—U
49,931,785
51.780.971
52,744.000
4M g| A A O
—
„
Payable
8,000,000
V
’sGSs
msoO-R|oi(I^OintfiilMi stock *10,000,000 authorized
(also
1.495,7
7,500.000
1902
v>i~.c4
?mp
eoo
Light A Coke
odianaMnpH
When
%
1
1,87
1,95.
ulati ve
Pf stk 6% cum
ti.»ll
*2,108.000
14,840.565
immof i
I Tobacco*
Bate
Outstahdtng
III....I
[Voii.
Apr 30 *10. 6%
July 1 1910 3%
Deb 81 193*
Office, ii"B'way.‘"N‘Y
Oct 141910 1% See text
Sep 1 ’101K% Checks mailed
See text !
-
-
J P Morgan A Co. N Y
Oct 1 1922
F
A A Feb 1 1929
Company’s Office, N Y
J. 30 Deo Deo’18^J,e30,22 London 9
Various
Liverpool
See tex tSee text Dec 1 1910 1H 48 Exchange Plaoe, N Y
8 In 19101 Q—F
Nov 1 *10 \ W%
do
do
A
A O Apr 1 1932
New York Trust Co, N Y
5g
July 1 1899 1% Checks mailed
2 In 1910
do
Oct 15 '10
Q—J
A
P
A Feb 1 1918
Metropolitan Tr Co, N Y
A
J
do
J Jan 1 1935
do
See text 0—M
Dee 1 1906 1%
A
A
O Oct 1 1951
5g
Empire Trust Co, N Y
5 g
J
A
* OCt 1 1925
Knickerb’kerTr Co. N Y
J
If
HERR ING-H ALL-MARVIN SAFE CO.—ORGANIZATION.—Incor¬
orated In
porated
in N. Y. on Sept. 22 19<
1905, per plan in V. 80, p. 999. Stock, $700,00O, all outstanding; par of shares, *100.
Gold debenture notes, *323,750 6s, maturing to 1915.
V. 78, p. 1305.
Report for cal. year 1907 V. 86, p. 478. In 1907, net profits, *103,p
charged off for depredation and reserve, *41,972; bal., sur., *61,9
Pres-, C. U. Carpenter; Sec., St. G. B. Tucker; Treas., T. B. Carpenter.
Office, 400 Broadway, New York.—(V. 86, p. 423 77.)
HUDSON RIVER EL. POWER CO.—(V. 01. p. 466, 874.)
ILLINOIS BRICK CO.—(V. 00, p. *46. 440, 852, 017, 979, 1242.)
INDIANA LIGHTING CO.—ORGANIZATION.—Successor on or about
,
Oct. 1 1908 to the
Lafayette, Fort Wayne, etc., gas companies, foreclosed,
plan In V. 84. 5. 871; V. 86, p. 084. Stock auth., *4,500.000, all out¬
standing. Office. 2 Rector St., N. Y.—(V. 87, p. 1423.)
per
INGERSOLL-RAND CO.—ORGANIZATION.—Incorporated in New
Jersey June 1 1905 and acquired IngersoU-Sergeant Drill and Rand Drill
companies and
a
majority of the *250,000 stock of the Canadian Rand Drill
Co., the latter having a plant at Sherbrooke, Que. Owns plants at Phllllpsburg, N. J., Easton and Athens, Pa., and Painted Post, N. Y.
Applica¬
tion to list was In V. 83. p. 1176; see also V. 84, p. 867; V. 85. p. 465. Com¬
stock auth., $5,000,000; issued. $3,000,000; par, $100.
STOCK.—Stockholders are to vote on Nov. 16 1910 on Increasing the
authorized common stock from $5,000,000 to $10,000,000 to permit
the exchange, as desired by holders, of outstanding
pref. stock (now *4,800,000) share for share for common stock (*5,000.000 auth.. of which **,000 000 issued), and the sale to employees at not less than par of the *345.200 common stock received in exchange for pref. stock held in the treasury.
V. 91, p. 719, 1028, 1098.
DIVIDENDS.—Pref., Jan. ’06 to July ’10, ind., 6% yearly (J. & J.)
On common, 5% paid April 30 1910.
REPORT.—Report for year 1909, In V. 90, p. 912. showed: Net earnings
overdeprec’n (*426,780), *804,566; int. on bonds, *100,000; pref. dlv. (6%),
*287,988; com. dlv. (5%), *150,000; bal., sur., *266,578.
OFFICERS.—President, Wm. L. Saunders; 1st V.-P., George Double¬
day; Treas., Wm. R. Grace; Secretary, Fred. A. Bralnerd. Office, 11
B'way.—(V. 88, p. 1133; V. 90, p. 913, 017; V. 01, p. 719, 1028, 1098.)
INTERNATIONAL AGRICULTURAL CORPORATION.—V. 91, p. 97.
INTERNATIONAL COTTON MILLS CORPORATION—See Consolidated
Cotton Duck Co.. V. 91, p. 279, 467.
on Aug. 12
mon
machines;
Ac.
Also
has large plant in Canada, timber lands, coal. ore. blast furnace and steel
_
_
Sropertles.
teel mtge., See
V. 86, Purchase
p. 1471; V.money
Wise
87, p. obligations
94; V. 90, p.for1242.
V. report,
85, p. 104.
properties,
Deo. 31 1909, *2,250,000.
STOCK.—Com. stk. was In Jan. *10 Increased from $60,000,000 to *80,000, the new stk. being distributed as a 33 1-3% stock dlv.. represent¬
ing surplus Invested in the business during the past seven years. See DIVI¬
DENDS below. V. 90, p. 170.
Stock is held In a voting trust until Aug. 1
1912; the voting trustees. George W. Perkins. Charles Deerlng and Cyrus H.
McCormick, may terminate the trust at an earlier date. V. 78, p. 1112.
DIVIDENDS (old stock).—In 1903, 3%; 1904 to 1906, 4% yearly. On
pref. (new stock)* June 1907 to Sept. 1910, both lnd., IH% quar. A
S3 1-3% stock dlv. was dedared In Jan. 1910 (see stock above); also a cash
dividend of 4% on the com. stock, as Increased to *$0,000,000, from the earn¬
ings of 1900, payable 1% quarterly beginning April 15 1010. V. 00, p. 170;
*06. 376, 450.
REPORT.—For calendar year 1909 (V. 00, p. 1099; edit., p. 1075):
Cal.
Net
Deprec'n, Interest Pref. Divs. Com. Divs.
Balance,
Years.
Income.
Renew.,d>c. onLoans,&c. (7%)
(4%).
Surplus.
1909...*19,815,082 *4.364,286 *558.056 *4,200.000 *3,200,000 $7,492,749
1908— 13,451,147 3,689,792 875,673 4,200,000
4.685,882
OFFICERS.—Chairman of Board, Charles Deerlng; Chairman Finance
Committee, George W. Perkins; Pres., Cyrus H. McCormick; V.-P., James
Deerlng, Harold F. McCormick, William H. Jones and J. J Glessner; Treas.,
Harold F. McCormick: Sec., Richard F. Howe.
General office, 237 Michi¬
gan Ave., Chicago.—(V. 00, p. 1099, 1105, 1242; V. 91, p. 1098.)
INTERNATIONAL MERCANTILE MARINE CO.—ORGANIZATION.
Ac.—Formerly Ihtemat. Nav. Co., acquiring In 1902 (per plan, V. 74,
D. 888
941, 1093; V. 75, p. 1089, 1305), White Star, American, Red Star,
Atlantic Transport, Dominion and Leyland lines, having an aggregate
gross tonnage built or building Deo. 31 1909 of 1,151,038 tons.
STOCK.—Of the stock, *10,068,265 com. and *8,269.029 pref. on Deo.
31 1909 remained In the treasury.
Nearlv all the stock Is to be held In a
voting trust until Oct. 1 1912, although the trustees may, in their discre¬
tion, terminate the trust at an earlier date. Voting trustees, J. Plerpont
Morgan, Chas. Steele. J. Bruce Ismay, Peter A. B. Wldener and W. J. Pfirie.
BONDS.—In 1908 £1,250,000 (auth. £2.500.000) Oceanic Steam Nav.
Co. (White Star Line) 4M% debs, were offered, £125,000, redeemable
yearly Deo. 31 at par, beginning 1913; remainder payable June 30 1922.
Whole or any part may be retired at par beginning Dec. 31 1913 on 60 days*
notice. They will be secured on 23 vessels, valued at £4,850,000, and 4
additional vessels to be built at estimated cost of £3,600,000, of which 2
completed in 1900 and 2 under way.
The proceeds of the debentures
can onlv be used to pay for new property.
V. 87. p. 1091.
C01. trust 4 Hs, see application to list, v. 84, p. 1309.
The Intemat. Nav.
58 are subject to call at par since 1909, and a s. f. of *250,000 to *500,000
retires them annually since May 1 1905.
Dominion Line deben., £126,831;
Fred. Leyland A Co. 1st mtge. 4% deb., £346,600. due Dee. 1 1921, are not
InelUded in company’s bal. sheet, only a majority of stook being owned.
REPORT.—Report for year ending Dec. $1 1000 In V. 01, p. 35, showed:
Total gross earnings, *33,953,208; net, *4,695,454; Int. and Income tax,
*3,870,579; add surplus Insurance acc’t, *357,461; bal., sur. tor year,
*1,182,335. In 1908, gross, *30,529,748; net, *875,857.
OFFICERS.—Pres., J. Bruce Ismay; Treas., Horace G. Philips.
DIRECTORS.—Americans.—C. A. Griscom, P. A. B. Wldener, Percy
Chubb, John I. Waterbury, E. J. Berwlnd, Geo. W. Perkins, J. P. Morgan
Jr., John F. Archbold, Charles Steele. English Directors.—E. O. Gren¬
fell, J. B. Ismay, Rt. Hon. Lord Plrrfe, Charles F. Torrey and Harold A.
Sandersou. Office, 9 B’way, N. Y.—(V. 80, p. *6. 106, V. 01, p. 35.)
—.
,
INTERNATIONAL NICKEL CO .—Incorporated In N, J. Mar. 20 1002
and aoqulred control of Canadian Copper Co., with plant at Copper Cliff,
Ont.: Nickel Corporation orLondon with mines at Now Caledonia, and the
151
Oot., 1910.]
—
Date
Bonds
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see netee on fir* page]
Interact Silver—Stock pref 7% also U to assets
Dividend scrip (V 76, p 108)
—
First M $4,500,000 sink fund called at 110 since
1501. N.o*
$2,000,000 sold redeemable at par..--------International Steam Pnmp Co—Com stock $24,000,000.-Ta
Preferred stock 5% (also assets) cuan $15,000,000—..Ta
First lien M $12,000,000 g s f red 10$
—---S.xc*&r*
'
-
ee
do
do
do
Convertible bonds..,
Bonds series C—
1009
M0
$ £fr Ac
...—
—
---
(o^er bonds text). . K
Kings County Electric Light St Power—Stock $10,000,000..
Keystone Telephone Co-First Mg red
1910
1910
1905
(not^ref as to assets) conv.
—F.c
fv
100
100
1,000
Orford Copper Co. of Bayonne, N. J., Ac.
V. 75, p. 1205,1257.
mock math.. $12,000,000; outg, $11,542,662, $2,670,000 having
scribed at par, payable July 11 1910; V. 90, p. 1493.
p.1493*
REPORT.—Report for year ending March $1 1910, In V. 90, p. 1553,
showed total net income, $3,144,733; lnt. on bonds, $464,600; depreo’n,
sink, fund reserve, Ac., $612,606; dtv. on pref. (6%), $534,745; dlv. on
(5H%). $487,978; bal., sur., $1,044,804.
OFFICERS.—Chairman of board, Robert M. Thompson; Pres., Ambrose
Monell; Sec. and Treas., James L. Ashley. Office, 43 Exchange Place,
N. Y.—(V. 90, p. 1493, 155$; V. 91, p. 792.)
com.
INTERNATIONAL PAPER.—Incorporated Jan. 31 1898 and took over
by purchase 25 of the principal pulp and paper mills of the U. S.; see V. 81,
p. 2623; V. 67, p. 428, and V. 69, p. 494; also applications to list in V. $7.
Dally output about 1,700 tons.
p. 1359, and V. 68. p. 726; V. 80, p. 1482.
See prospectus in V. 66, p. 288, and V. 87, p.*177; also official statement,
V. 69, p. 281.
The Continental Paper Bag Co., a majority of whose $5,000,
000 stock is owned, with factory at Rumford Falls, Me., capacity about
15400,000 bags dally; first (quar.) dlv. on com. stock, 1%, paid June
1905.
V. 70, p. 742; V. 69, o. 494 , 908; V 73, p. 786; V. 80, p. 2624*
V. 82, p. 103.
Amer. Realty Co. see V. 75, p. 1205; V. 79. p. 2207.
DIVIDENDS— 1898. 1899. 1900tOl907. 1908.
—1909—
1910.
Preferred stock (% 4H
6
6% yearly
4
2)6 (Q-J) 2(H Q-J)
Common stock (%) 1
None.
None.
2
None.
BONDS.—The consol, mtge. 5% bonds of 1905 ($10,000,000 authorized
issue) are convertible on any interest day since July 1907 and before
1917 into pref. stock at par.
A s. f. of 2% of ah bonds ever Issued Is payable
yearly, since 1907, for which bonds are subject to call at 105 and Interest
since 1909.
The remaining $4,000,000 bonds are reserved for future
purposes. V. 79, p. 2699; V. 80, p. 119, 225; see app. to list, V. 80, p. 1482.
The oonsol.Os of 1898 were convertible at holders’option on any Feb. 1 or
Aug. 1 before 1910 into pref. stock at par; they oover all “after-acquired
realty." Annual s. f., $150,000, began Feb. 1 1905. Consols are reserved
to take up $142,000 Otis Falls issue below named.
Other bonds out:
1. lnt. Paper purch. money. Ini.
Where paid.
Outst’g. Maturity.
AmmonoosucLumb.lstM. s.f.4g.M-S N Y, Met Tr Co $180,000 Sept 1 ’13
Ontario Paper 1st M
do
150,000 Feb 1*18
6g.F-A
do
Rumford Falls Sulphite 1st M.6g. J-J
do
do
350400 July 1’18
PiscataqulsFallsP.,l8tM..8.f. 4g.F-A
75,500 Aug 118
do
do
....
X
2. Old bonds (x assumed).
Hudson River Pulp A Pa-16g.J-J N Y, Man Tr Co 1,500,000 Jan
per —
i Subject to call at 105 since 1907.
Otis Falls Pulp Co. l8tM.\6g.M-N Bost.OldCol Tr.
140,000 May
Old Colony Tr Co, trustee]
Subject to call at 105.
Bonds of
1 ’18
1’16
Controlled Companies—
Am. Realty Co. lstM15g.J-J Port,Me.,XJ.S.D.AT.Co_ 353400 July 1 1941
gintgured pars f_ junion Safe Deposit A Trust Co., Portland, Me., trus.
Olcott Falls 1st M g_.5g.M-S
N. Y., Metr. Tr. Co. 389,000 Mch 1 1919
PlercefleldPaper 1st M.Sg.M S N. Y., Metr. Tr. Co.
Umbagog Paper 1st M.5g.MAS Un.S.D.ATr.Co.,Port,
416,000 Sept 1 1919
90.000 Sept 1 1918
REPORT.—Report for year ending June 30 1910, In V. 91, p. 653.
Dividends
Gross
Cost raw maInterest,
Balance,
on pref.
surplus.
income.
terials,mfo.,Ac. taxes, Ac.
1909-10—$19,459,030 $17,278,255 $1,163,710 (2%)$448,134 $568,931
1908-09._ 18,238,477
(2%)448.134 1 149,968
1.183.996
16.456,379
DIRECTORS.—Hugh J. Chisholm AN Bu bank (President and
Treasurer), F. B. Jennings, Warren Curtis, T. S. Coolldge, F. S. Flower,
R. Pagenstecher, Q. F. underwood, H. A. Wilder, Ogden L. Mills, W. A.
Whitcomb, Philip T. Dodge. Sec. is E. W. Hyde.
Office, 30 Broad St.,
New York.—(V. 90, p. 1493, 1557; V. 91. p. 467, 653.)
INTERNATIONAL POWER CO.—See issue of July 1910.
INTERNATIONAL SALT CO.—ORGANIZATION.—Incorporated in
New Jersey in 1901.
In April 1910 owned (a) $3,589,000 of the $3,600,000
Fiscal
year.
capital stock of the Retsof Mining Co., engaged in mining rock salt at Ret¬
sof, Livingston Co., N. Y.; (&) $300,000 stock (75% of entire issue) of Avery
Rock Salt Mining Co., with mine at Avery Island, La.
(This stock is in
treasury of Retsof Mining Co.); (c) entire $750,000 stock of Internet. Salt
Co. of N. Y.. with producing plants in N. Y. State known as Watkins.
Ithaca and Cayuga.
(See official statement In April 1910, V. 90, p. 1100.)
In March 1910 the Western properties were re-sold to the original owners
for about $4,000400. the debt being reduced as below stated $450,000 In
cash received. V. 90, p.852. A proposition to reduces till further the capi¬
talization (stock and bonds) was proposed in March 1910; nothing done to
Oct. 1910.
See V. 90, p. 852.
DIVIDENDS.—On Dec. 1 1905, 1%; 1906. 4% (Q.-M.); none since.
BONDS.—Of the 5s of 1901 ($12,000,000 auth. issue), one-sixtieth of
amount Issued Is to be retired eaoh year by sinking fund and canceled.
In March 1910 $2.420 400 were retired as the result of the sale of the West¬
ern
properties, leaving $3,999,900 outstanding; $1,000,000 3-year collat.
trust notes will also be taken care of thereby when due,
returned to treasury, leaving outstanding $365,000 6%
due July 1 1912.
V. 82. p. 1443; V. 90. p. 852.
and $230,000 was
collat. 6% notes
■
REPORT.—For year ended Feb. 28 1910 (V. 90, p. 1100) showed nroflts
$485 400: annual fixed and sinking fund charges, as reduced, $412,900.
Pres., M. B. Fuller; V>p„ M. M. Bolding Jr.; Treas., W. H. Barnard;
Sec., H. D. Fuller. Office, Scranton, Pa. N. Y. office, 2 Rector St.—
V. 69. p. 1413. 154$; V. 90. p. 852. 1100.)
INTERNATIONAL SILVER.—ORGANIZATION. Ac.—Incorporated In
Nev. 1898 rndet laws of N. J. and acquired silver-plating properties—see
V. 67.0.1160: also V. 68. p. 232, 33471024; V. 76, p. 106. Also haS a large
8TOCK. Ac.—Com. stock Issued, $9444,700, of which $9,259,288 in
treasury Jan. 1 1914; pref., $6497,800. of which $578412 la treasury.
V. 88, p. 683. 752.
Owns aU the stock of C. Rogers A Bro. of Meriden,
Conn. V. 76, 9.106. Underlying bds.. $l27400 Holmes A Edwards 1st 6b.
Also In Jan. 1908 scrip tor unpaid divs. C2l H%) then due. $1485443.
DjVS.— '11900.
1901*
$902 to’09.
1907.
1908.
1)6
1900.
4H
mulliid
do
Cheeks ipaliod
'
f&Yili?
*h ^fS^A3?Co.NY
Jufy 14910
Aug2l5*10,2X%
1,500,000
8,143,000
836400
165400
5,525,000
10,000400
2,500.000
5.176400
4.275400
2.500.000
4,000,000 See text See text
3.000400 6 In 1910 A A O
5 g
A A O
1.984400
July 11935
Sept 1 1910 2% Checks mailed
_
Oot 11937
Oct 1 1997
Jan 1 1939
Mch 1 1922
See text
Oct 3 *10, 3%
pr
,
I
5 g
fig
J
A
OXfloe“50 State s't'Bosto
.,
«
Trust Co
Gmuaty TruatCo, NY
Franklin Trust Co, N Y
Checks mailed
First National Baak.N Y
11928
eb 11946
J Jan 1 1911
First Tr A Sav Bk, ChlQ
ending D<
>2jdto
jut. on bonds, $321,352dlv. on pref
$958,700. Pres., Geo. H. Wilcox; Tr«as.(
an. Conn.—(V. 90. jp. 505. 633. 1428.) e'^ ^
INTERNATIONAL SMELTING St REFINING CO.—V. 90, p. $693.
INTERNATIONAL STEAM PUMP CO.—ORGANIZATION.—Jneorp.
Mch. 24 1899 in New Jersey as a consolidation of 5 companies.
Official
showed net earnings, $1,611,625;
<
31473; bal., sur.,
___
fn
723; V. 72.
statement
V.68, p.
V. 76. p. 1146; V. 89. p.
p.
673; V. 71.
p.
545; report. V. 76,p.f2;
1671; V. 90, p. $76,1293. Newfaetoiy at HartlSon, N. J.. was completed ip 1904.
. 75, p. 210.
In 1006 purch. Power A
Mining MaCh. (to.; V. 82, p. 1044,1159; V. 83, p. 54, 1410; V. 87, p. 483;
V. 91, p. 279,
' v>’
*
STOCK.—Stock authorised, $24,000,000 com. and $15,000,000 pref. as
Aug. 1 1899 to Nov. 1 1910, both Ind.. 6% per annum (1 H% Q.-F.L on
July 1901 to July 1904, ind., 1% quar.; Oct. 1904,
%; In 1905.
Jan., H%; April, li%: none since to Oct. 1910. V. 81, p. 84. Thetftook
unissued is set apart to retire the $2,000,000 7% cum. preference shares Of
Henry R. Worthington Oo. and $302,155 6% debentures and $486,000 6%
pref. shares of Blake A Knowles Co. Holly Mfg. Co. bds. see V.78,o. HIT.
BONDS.—In July 1909 $8,500,000 first lien 5% bonds were sold, the re¬
mainder of the $12,000,000 being reserved for improvements. A sinking
fund will retire one-half the Issue by maturity, bonds to be drawn by lot.
V. 89. p. 166. 290, 414, 1070; V. 89, p. 1671.
; .
Debentures ($3,500,000 6s) were called at 105 and paid Oct. 28 1909.
EARNINGS.—For 3 mos. ending June 30 1010, net profits, $618474;
lnt., deprec’n, Ac., $312,586; pref. dlvs., $214.950; bal., sur., $89,338.
REPORT.—Report for year ending March 31 1910, given In V. 00, p,
1674, showed net profits, $2,003,153; div. on pref. (6%), $661,000; lnt., Ac.
$737,728; bal., sur., $584,425.
Pres., Benj. Guggenheim; Treas., Arnold
Tanzer; Sec., IrwinC. Stump.
Office, 115 B’way, N. Y.—(V. 9i, p.720.)
O.—ORGANIZATION.
corn.,
1896.
JH
_
See V. 62, p.
[ttsburgh RR.
Maxi¬
2,595,161 tons.
STOCK.—The $1,500,000 common and $800,000 of the $1,500,000 of 5%
non-eum. pref. stock is owned by the Rochester A Pittsburgh Coal A Iron
Co. (the common mostly pledged as security for Its bonds; V. 75, p. 1357).
DIVIDENDS.—
1900.
1901.
1902 to 1905.
1906 to 1910
Common, per cent
None.
5
0
5% yearly.
1897 to Aug. 1910, 6% yearly (now 2)6 F. A A.)
Preferred
BONDS.—The sinking fund Is 3 cents for each ton of coal mined, the
payments not to be less than $50,000 per annum.
Estimated that lsts will
6e retired in 23 years and 2ds In 28 years 6 months. In July 1910 filed
mtge. for $2.500,000.covering aboutjl6,000 acres coal lands in Indiana Co.,
Pa., of which $1,500,000 issued; remainder reserved for add’ns A improv’ts.
V. 85. p. 1341; V. 91. p. 279.
EARNINGS.—Year ending June 30 1910, gross. $1,900,777; net. $248,344; lnt., taxes, 8.1., $225,708; pref. dlv., $75,000; bal., def., $52,365.—
V. 89. p. 1284; V. 90, p. 1242; V. 91, p. 279.)
JONES & LAUGHLIN STEEL CO.—(V. #0. p. 505, 1365.)
KANSAS CITY (MO.) GAS CO.—Organized in April 1897 in Missouri as
a consolidation.
Leased Nov. 16 1906 to a syndicate in which the United
Gas Improvement Co. is Interested for a period as long as lessee shall furnish
natural gas In Kansas City (present ordinance expires Sept. 27 1936).
Lease covers lnt. on bonds, sink. fund, taxes and dividends on stock (pay¬
able Q.-M.) at 2% for 1st year, 2)6% for 2d year, 4% for 3d year and 5%
for 6th year and thereafter.
The 5% rate begins Dec. 1 1910. See
V. 84. p. 1371.
Capital stock, $5,000,000. of which United Gas Impt.
owns a majority; par, $100.
Bonds outstanding, $4,250,000 gold 5s due
April 1 1922, subject to call at 105. Interest is payable A. A O. at N. Y.
office of Guaranty Trust (to. or M. AN. in London. V. 65, p.277; V.67,p.28.
Report for year ending April 30 1005, V. 80, p. 2456; net, $428,117; lnt.,
$204,638; bal., $223,479. Pres., Hugh McGowan.—(V. 84. p. 1871.)
(THE) KANSAS CITY STOCK YARDS CO. OF MISSOURI.—Owns
mum amount so
far shipped in one year,
175 acres used for stockyards purposes.
Stock, $9,000,000, of which $658,000 reserved to retire the $750,000 convertible bonds of 1903 and $13,000
for bonds of 1900.
Series 3 bonds dated Jan. 1 1910, of which $165,000
for many years (Q.-F.) to Nov. 1910 lncl.
107.
Chairman, Charles Francis
.rwc.x.0,
„„
«««««
««.,
uuo«,u,
*
F. Morse; Sec. and Treas., E. E.
Richardson. Kansas City.—(V. 88, p. 373; V. 90. p. 107.)
KEYSTONE TELEPHONE CO. OF PHILADELPHIA—See issue of
July 1910.
KINQS COUNTY ELECTRIC LIGHT & POWER.—Acquired In 1898. per
plan in V. 67, p. 482. the entire $5,000,000 stock of the Edison Electric IIlumlnaring Co. of Brooklyn, thus uniting aU the electric-fighting business
in Brooklyn, N. Y.
See V. 69, p. 177, 957: V. 70, p. 483; V. 80. p. 2216.
SECURITIES.—The authorized stock was Increased In 1905 from
$5,000,000 to $10,000,000. V. 83. p. 1232; V. 84. D. 393.
The $5,176,000 purchase money bonds are secured by deposit of $5,000,000 Edison stock in trust, by a 2d mtge. lien on the Kings County plant as
cash guaranty fund
now owned or hereafter acquired and by $1,000,000
to be Invested in securities approved by the committee; see
As to Edison Co.’s con. mtge.. see V. 67, p. 482, 842; V.
The stockholders on Nov. 11 1909 authorized an Issue
V.67.P-482,1309.
71,p. 493.868.
of $5,000,000 6%
12-year debens. convertible Into stock after 3 years, to provide for develop¬
ment work of the company and the Ed. Elec. Ill. Co. for several years.
Stockholders subscribed for $2,500,000 bonds at par, payable by Sept. 1
v. 89, p. 922,1143; V. 90, p. 306, 1428.
1910.
DIVIDENDS.—June 1900 to Mch. 1903, 1 H% quar.; slnoe, 2% quar.
EARNINGS.—For 9 mos. ending Sept. 30 1910, gross, $3,146,503; net,
$1,626,687, agst. $1,386,952 in 1909; charges, depreciation, Ac., $933,514.
balance, surplus, $693,173.
REPORT.—For cal. years, Ind. Ed. Ill. Co. of Bklyn. (V. 90, p. 623):
cpl.
Gross
Net
Depreda- Bond
Bond
Dividrs Balance
19
iOet..lK%and H%
> a
do
"
DIVIDENDS.—On pref., 1 K% quar. Feb. 1906 to Nov. 1910, both Incl.
First div. oh com. stock, 1%, paid Sept. I 1909; Dec. 1909 to Dec. 1910,
both ind. (quar.), 1% and 34% extra and July 1910 26% extra.
V. 90.
x
Payable
Amer’Exoh~Nat JBkl N y
Jan 1193$
Junel 1926
June 11926
.|
July 1 1950
Nov t >10 1H%
Aug 191$
1.300.000
Common
are
4%
See text
been sub¬
Dividends
do
NY Lon Parts A Amster
1.000400
1.000
1.000
1.000
100 Ac
1909
D
2,000400
700400
485400
194,970
1,500.000
1.053.000
100
1895
1908
A
■
Places Where Interest and
Octll910$%lfltiwnlM
v
1,000 "Ac
Fuat mortgage gold $2.500,000
Ta.c
Purch money mtge g sec by Edls stock Ac (V 75, p 47)Ce.c*
Edison Elec Ill cons mtge (now first) $10,000,000 g... Q.c*
Debentures $5,000,000 conv. Into stock beg Mch 1 1918 _c
Knickerbocker Ice—-Common stock $4,000,000
Pref stock $8,000,000 8% cum
First mortgage gold redeemable 10
Refunding "mortgage $6,000,000 gold. —
Collateral-gold notes $1,600*000
88. p
6C
17,762.500 See text
11,850,000 «3n 1910
.5 g
8,500400
100
100
lood-o
md Maturity
I
1,873,000
1,000
1,000
1,000
lfoo
Last Dividend
<3—J
$8,028,588 See text
None
1,085443
3.459,000
fl
1O0
100 Ac
48.50
48.50
100
1901
pref stock,
deben bonds.
Jefferson St Clearfield Coal St Iron—-Pref stock 5% non-cum.
First mortice cold sinking: fund drawn at 105—...fl.c*
Second mortgage gold sinking fund drawn at 105—Usm.c*
Indiana County 1st M $2,500,000 autb sink fund
Q
Kansas City Stock Yards Co of Mo—Stock $0,000,000 autb
do
1,000
1,000
also text)
r.78,p.lll7)
ip worxs a?*
1898
1908
When
Payable
Bate
Amount
Outstanding
r
$100
$9,000,000
Debentures
—
Par
Value
■tit
KNICKERBOCKER ICE CO. OF CHICAGO..-—Bee page
484.
152
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEOUS COMPANIES
[For abbreviations, Ac.,
see notes on
first page]
La Belle Iron Works—Stock $10,000,000 authorized
Pint mortgage $2,500,000 gold redeemable (text)
Lackawanna Steel—Common stock $50,000,000 authorized.
Pref stk (also as to assets) 7% cum red 115 $10,000,000
First mortgage-gold redeemable convertible (text)
F.c*
1st con M $85,000,000 g red 105 alt Mch *15 conv._Un.xc*
Debentures $10,000,000 g red par aft Mch *13 conv._N.xc*
Ellsworth coll pur money notes guar p A i
(EquallyIF
do
do
bonds guar p A i s f _\ secured./
Lake Erie coll trust mtge gold guar p A i red 102 H—-Ta
Laclede Qas Light—Common stock, $17,500,000 auth
Preferred stock, 5% cum, $2,500,000
First mortgage gold
Ce.o*
Refunding and extension mortgage $20,000,000 gold—c*
Coupon notes gold
_
Lake
Superior Corporation—^tock
*40,000.000.
1st and coll trust mtge gold $7,000,000
authorized
Income mortgage $3,000,000 gold
Bonds of subsidiary companies—See text
Date
Bonds
1903
1010
1010
1007
1007
1005
1889
1004
500 8sc
100
on
50,000
1,000
1,000
34,978,0(
10.000,000
10.000,000
250,000
5.643,000
400,000
8,500,000
100
100
100 Ac
2.500,000
10.000,000
1,000
8,732,000
1,000
1,000,000
100 40,000,000
1,000
7,000,000
1001
1004
1004
1,000
When
%
Payable
1864
1887
1867
1871
1884
1808
1910
Maturity
Places Where Interest and
Dividends are Payable
text.
Quar
Sep 30 1010 ZH Checks mailed
6 g
J
A
D Dec 1 1923
Pittsburgh or
7
5 g
5 g
Wheeling
Quar.
A
A
O Apr 1 1923
Office, 2 Rector St, N Y
MAS Mch 1 1050
do
do
MAS Mch 1 1915
do
do
J
A
J Deo 31 1010
do
do
5
J
A
J Jan 1 1027
do
do
5 ff
MAN May 1 1920
do
do
See text Q.-M.
SeplS’lO, 1 H%
5 In 1909 J
A
D Junel5’10,2 H%
Q—F
Bankers Tr Co, New York
May 1 1910
5 g
A
A
O Apr 1 1034
do
do
5 g
F
A A Feb 1 1011
do
do
S'
_
3,000.000 Up to5%
J
A D Junel 1044
Oct 1
Oct 1 1024
Bank of Mont, N Y, Ac
2H% paid Oct 1 1910
6,000,000 See text See text Sep 30*101
Checks mailed
24,153,150 8 in 1910 Q—F28 Nov 30 ’10, H%
2% Office, Philadelphia
5,000,000
4K
Q—J
do
July 1 1014
do
Various
1.002.833
4 g
Q—F
do
*•
Apr 1 1914
do
500 &o
1.842.500
J 15 A D June 15 1014
do
do
1,000
2,470,750
J
A D Junel 1011
do
do
1,000
1,000
1,000
the holders after March 1 1012.
The new first consols will cover all the real estate and
plant and all stocks
and bonds or obligations of other
owned, including the stock
of the Ellsworth Collieries Co. andcorporations
all other property acquired by the 1st
consols.
After the discharge of the first mtge. on the Ellsworth
Collieries,
the sinking fund under that mtge. will be continued for the benefit
of the
1st consols.
Any of the bonds may be made convertible into com. stock
on terms to be fixed by the directors.
No further mtge. other than the first
consol, mtge. can be put on the property while the debentures are
out.
STOCK.-—Of the $60,000,000 of com. stock authorized,
$15,000,000
Is reserved to retire convertible bonds.
V. 76, p. 860.
As to $10,000,000 preferred stock, see above.
BONDS.—The 1st mtge. 5s of 1903 are convertible into stock,
$ for $,
at holder's option up to April 1 1015.
V. 77, p. 34; V. 76, p. 437.
There are also outstanding $1,775,000 Lackawanna Iron A
Steel 30-year
5s due Feb. 1 1026, covering property in
Pennsylvania. V. 76, p. 385.
The Ellsworth Collieries Co. made a mtge. dated
Jan. 1 1007 to secure
$2,000,000 purchase money notes and $6,000,000 sink, fund
purchase
These securities are guaranteed,
money bonds.
prin. and int., by the
Lackawanna Steel Co. V. 84, p. 393, 510. The Lake
Erie Co., whose stock
Is practically all owned, has Issued $1,100,000
sink, fund 5s, of which
$320,000 paid off. V. 84. p. 680. Status Nov 1007, V. 85,
p. 1341.
As to 1st consol, and deb. 5s of 1010, see above.
EARNINGS.—For 9 mos. end. Sept. 30 1910, gross income,
$4,888,403,
agst. $2,367,606 In 1900; Interest, sink, fund, depreciation,
Ac., $2,602,158;
balance, surplus, $2,286,335. V. 01, p. 948.
REPORT.—Year 1000, in V. 00, p. 477, 847, showed: Gross sales and
earnings, $25,206,661; gross income., ind. misc., $5,161,253; int.,
depreo.,
lmprovts., rentals, Ac., $4,383,144; bal., sur., $778,109.
OFFICERS.—Pres., E. A. S. Clarke; V.-P., Moses Taylor; V.-P. and Gen.
Mgr., Charles H. McCullough Jr
Treas., J. P. Hlgglnson; Sec., F. F.
Graham; Comp., Marshall LaDham. N. Y. office,
2 Rector St. (to be
moved to Buffalo during 1910).
Directors.—J. J Albright, C. Ledyard Blair, E. A. S. Clarke, Warren
Delano Jr., B. S. Guinness, Adrian lselin
Jr., Samuel Mather, J. G. Mc¬
Cullough, Ogden Mills, Moses Taylor Pyne, John J. Mitchell, James Speyer,
H. A. C. Taylor, Moses Taylor,
Stephen S. Palmer, Cornelius Vanderbilt,
Wm. K. Vanderbilt Jr., Robert B. Van
Cortlandt, Henry
Brown, Horace E. Andrews.—(V. 90, p. 985. 1617; V. 01, Walters, W. L.
p. 97, 948.)
LACLEDE OAS
LIGHT.—ORGANIZATION.—Incorporated
In 1857
and in 1889 secured control
of all the other gas companies in St. Louis.
Op¬
erates under perpetual franchises.
In June 1909 the $7,400,000 common
stock held by the North American Co. was sold
to a syndicate.
V. 88.
p. 1563: V. 76, p. 545, 922; V. 78, p. 1273; V. 80,
p. 1000.
The company
proposes to reduce the price of gas within 30 days after
passage and approval
of ordinances not yet passed Oct. 1910.
Arrangements had in July 1910
been practically concluded for purchase and
distribution of natural gas.
'
STOCK.—Preferred, 5% cumulative, $2,500,000;
common, $17,500,000
authorized, outstanding, $8,500,000; par of shares. $100.
V. 78. p. 823.
DIVIDENDS 1 '05 to '07. ’98. ’09. ’00 to '03. ’04 to ’08.1000. 1010.
Pref., 5% cum_7
8
5
5 yearly.
5 yearly.
5 June, 2 H
Common (%) __J
0
3
4 yearly.
3
5 yearly.
6
Below
In 1910, Mch. and June, 1H% each;
Sept., 1 K%.—V. 91, p. 467.
BONDS.—See application to Stock Exchange in V. 49,
p. 657.
Of the refunding and extension 5s of 1904
($20,000,000 authorized issue;
Bankers’ Trust Co. of N. Y. and Mississippi Valley Trust Co.
of St. Louis,
trustees), $8,732,000 have been issued, $10,000,000 are reserved to refund
the outstanding bonds due 1919 and
$1,268,000 for not exceeding 85% of
cost of future extensions and
improvements. See V. 78, p. 1273, 1305: V.
70, p. 1644; V. 80, p. 470; V. 83, p. 1160.
EARNINGS.—For 0 mos. ending Sept. 30 1910, gross,
$3,274,766, agst.
$2,051,007 in 1909; net, $1,526,571, agst. $1,293,949;
depreciation, $150,201; int. and pref. dlv., $839,004; balance,
surplus, $537,365.
ANNUAL REPORT.—For year ending Dec. 31
1909,
$4,142,349; net, $1,741,508; int. on bonds, $1,004,093; bal., gross earnings,
sur.. $737,414;
dlv. on pref. (5%), $125,000: com.
dlv.(6%),$510,000; bal.,sur.,$102,414.
—(V. 00, p. 240, 376, 852; V. 01, p.
156, 467.)
3,686,000
4,173,000
1,750,000
100 41,380,400
100
i*
4H g
Q—F
J
IS* M
5 in 1910
4
do
May 1 1924
do
&
J July 1 1948
do
do
A
N Nov 1 1930
Philadelphia
Q—J
Oct 1 1910 1 H N Y, Canada and London
Oct 1 1910 1%
v—J
do
do
tons per day; Helen iron ore
mines; 143 miles of railroad completed and
in operation and 108
miles under construction Oct. 1910; ore, freight
ana
passenger steamships, nickel and copper mines and smelters, ferronickel roasting plant,
sulphurous acid works, machine shops, forge,
iron and brass
foundry, car-building shops, saw-mill of 250,000 feet
dauy capacity, veneer mill, ground
wood-pulp mill of daily capacity of
tons; sulphite pulp mill of 60 tons daily capacity,
water-works and elec5“°-fight plant, two electric street railways, two water-power canals of
and 20.000 horse-power, and
ferry across St. Mary’s River. See also
V. 70. p. 1026; V. 81,
p. 077; V. 83, p. 1006;
Also owns 6,000 acres of West Va. coal lands V. 88. p. 1004; V. 00, p. 1105.
acquired In 1010. V.91,p.868.
In Jan. 1000 the
Fleming syndicate acquired control and undertook ex¬
tensive improvements.
(See V. 87, p. 038; V. 88,
p. 234,1065; V. 89,p.016)
The stockholders May 6 1010
approved a plan (V. 00, p. 1105, 1200) for
financing the completion of the Algoma Central A Hudson
Bay Ry., now 00
miles in length, to a connection with the
Canadian Pacific Ry. (then to ex¬
tend from Sault Ste. Marie to
Hakon,
Ont.,
203 m., with branches;
total of all 225 m.)
$6,750,000 50-year 5% 1st mtge. redeemable gold
bonds to be Issued at $30,000 per mile,
guar, by the
Superior Corpora¬
tion, and $3,000,000 of the $10,000,000 1st mtge. 8bLake
oollat. tr. 5s Issued by
the latter to be canceled,
reducing the amount outstanding to $7,000,000.
BONDS.—As to 1st mortgage and coll, trust 5s of 1004
(reduced to
$7,000,000), see Consolidated Lake Superior Co., V. 77, p. 771, 1206;
V. 78. p. 1784. 1000; V. 88,
p. 1065; V. 00. p. 1105, and below.
First
dividend on Incomes, 5%, Oct. 1 1906; 1907 to
1909, none; 1010, 2«%.
There has been sold $5,000,000 Lake
Superior Iron A Steel Co. 3-year
6% first mortgage gold notes due May 1 1912, but subject
to call at par
guar. p. 8s i
V. 88, p. 1004, 1065, 1200.
The Michigan Lake Superior Co., a
majority of whose stock is owned, is
In receiver’s hands: it has
outstanding $3,500,000 1st gold 5s due May 1
1040.
(V. 83, p. 382, 1102; V. 86, p. 1526; V. 87, p. 1482; V.
88, p. 000;
V. 00, p. 113, 1200; V. 01. p. 97.)
As to Algoma Central 8s Hudson
Bay Ry. guar, bonds, see above.
■^REPORT.—Report for year ending June 30 1010, In V. 01, p. 868,
showed: Total net income, $678,225; Int., gen.
taxes, 8ec., $622,852; balance preceding years, $522,178; sundry expenses,
debits and credits, $48,343;
reserved for deprec’n In value of investments.
$547,525; dlv. on Income
bonds, 2H% paid Oct. 1 1010, $75,000; balance, surplus, $3,368.
DIRECTORS.—Thomas J. Drummond (Pres.), Montreal; J. Tatnall Lea,
Philadelphia, and W. K. Whigham, London, and J. Frater Taylor, Toronto
(Vice-Presidents); Thomas Gibson (Sec. and Treas.), Toronto; Fred’k McOwen, Richard L. Austin, Phlla.; John T. Terry Jr., H.
Coppell and J. S.
Dale, New York; Leander N. Lovell of New Jersey; H. M.
Price, Quebec.
Head office. Traders’ Bank Bldg., Toronto.—(V.
01, p. 07, 467, 702, 868.)
100
LANSTON MONOTYPE MACHINE CO.—ORGANIZATION.—Incor¬
porated in Virginia in 1802. Manufactures for sale or rental automatic ma¬
chines for composing and casting type.
Controls Lanston Monotype
Corporation of London, England, with which it has contract for
sales in
Europe. V. 78, p. 2440; V. 84, p. 004. Report for year ending Feb. 28
1910,1U V. 00, p. 1487, showed: net sales, $1,358,678; net profits,^505,468;
dlv, (1K%). $75,000; bal., sur., $430,468.
Stockholders on Oct. 28 1000 authorized an increase in the stock from
$5,000,000 to $10,000,000 and in the par value from $20 to $100, $1,000,000
of the new stock being subscribed for by stockholders at 60. V.
90, p. 1105.
Dividends in 1006, 4% (A. A O.); 1007, April, 2%; 1008,
none; 1009,
Dec. 30, 1H%: 1010, Mch. 30, 1 H%; June, 1H%:
Sept., 1H%. V. 85,
p. 1341. Pres., J. Maury Dove; V.-P. and Treas., J. Sellers Bancroft; Sec.,
W. Arthur Sellman; Asst. Treas., Joel G. Clemmer.
Office and factory;
1231-39 Callowhill St., Phlla., Pa.—(V. 90, p. 1105, 1487.)
LEHIGH COAL & NAVIGATION.—Owns canal from Coal port to Easton,
Pa., 48 miles, and leases Delaware Division Canal, 60 miles. Also owns
Lehigh 8b Susquehanna RR., Phllllpsburg, N. J., to Union Junction, Pa.,
105 miles, with branches, 60 miles, and leases for 009
years Nesquehonlng
Valley RR., 17 miles; Treskow RR., 7 miles; other lines. 17 miles;
total, 206
miles, of which 115 miles double track; but all these roads are leased for
009 years from 1871 to Central of N. J. RR., rental
being 33 1-3% of gross
earnings, with a minimum rental of $1,414,400. Delaware Division Canal
leased for 00 years from 1866. In May 1004 control of the
Lehigh 8b New
England RR. was acquired. V, 78, p. 1785; V. 70, p. 2646.
STOCK.—The new voting trust will expire March 1 1015 (R. Dale Ben¬
son, Edw. Walter Clark, Geo, H. Earle Jr., George H. Frazier,
Erskine
Hewitt and Lewis A. Riley, trustees; Provident Life 8b Trust Co. of
Phila.,
depositary), with power to sell at not less than $175 per share; $15,894,950
held in trust ctfs. listed to Oct. 1010.
V. 70, p. 2646, 2600; V. 80, p.
166, 602; V. 86. p. 1103; V. 87, p. 170; V. 80, p. 1351, 1486; V. 00, p. 505,
562, 1242, 1617. The scrip dividend of 15% paid March 1 1010 ($3,150,862) raised the stock outstanding to $24,156,800.
V. 90, p. 55.
BONDS.—Gen. mtge. of 1884 covers 7,460 acres coal land, 48 miles canal
and 161 miles railroad; bonds are reserved to retire all
prior issues. For
mtoe. of 1808, see V. 67, p. 125; V- 70. p. 428; V. 81. p. 720; V. 84.
p. 106.
The $1,418,600 Nesquenoning Valley RR. stock, for which 4s of the
mtge.
of 1898 were issued, was deposited with trustee in 1004.
V. 79, p. 107.
Jointly and severally with Cent. RR. of N. J. guarantees$1,062,000,
Lehigh A Hud. River Ry. gen. 5s, prin. and int. V. 67, p. 788.
The collateral trust 4 Ha dated Nov.l 1010 ($1,750,000) are secured
by
deposit of bonds having $2,307,500 par value. V. 01, p. 1098.
DIVID’DS.— 1 ’05 to ’00. ’00. ’01. ’02. ’03. ’04. *05 to 08 ’00. 1010.
Percent
J 4 yearly.
6
5
6H
6
7
8 yearly.
9
8
Dividends are to be quarterly hereafter.
V. 00, p. 1174.
Also 15% in scrip March 1 1010. See stock above. V. 90, p. 55.
ANNU AL RFPORT.—Report for 1000 was in V. 00, p. 847. Goal mined
and marketed in 1909, 3,187,979 tons; in 1008, 3,116,645 tons.
Year end. Dec. 31—
1000.
From railroads
$2,278,055
Canals (deficit)
18,004
Net profit on Lehigh Coal 1,227,656
Miscellaneous
167,736
-
Total receipts
$3,654,543
Int., rentals, taxes. &c. $1,314,321
capital
stock of the various corporations
centering about Sault Ste. Marie. Canada.
(See list in Section of Jan. 1004 and
compare V. 77, p. 771.)
Bounty
on steel. V. 83. p. 627,
1413, 1526; V. 85. p. 1521.
The plants include:
Bessemer steel works and rail mill with
capacity
for producing about 1,000 tons of rails
per day: two blast furnaces of
about 500 tons daily capacity; three
open-hearth furnaces of about 260
and
Various
March 1 1010.
..
Last Dividend
LXXXXI.
100
50
The stockholders on Feb. 15 1910 authorized,
per plan in V. 00, p. 240,
985, (1) a mortgage to secure $35,000,000 of 5%
40-year first consoli¬
dated mortgage gold bonds, of which $15,000,000 are reserved to take
up
the first mtge. bonds due 1923 and $10,000,000 for additional
property
and improvements; (2) $10,000,000 5-yr. 5% debentures and
(3) $10,000,000 7% cumulative pref. stock, to convert the debentures at the
option of
V. 91, p. 156.
2.260.500
1,000 15,000,000
100 die
1,000
Rale
$0,015,500 See
See text
LA BELLE IRON WORKS.—See page 164.
LACKAWANNA STEEL CO—ORGANIZATION.—Incorporated in
New York on Feb. 151002.
The properties (see V. 77, p. 34; V. 74, p. 1142;
V. 76, p. 161, 437; V. 80. p. 1016; V. 81. p. 1668; V. 84, p. 303, 510,
680;
application to list, V. 00, p. 985)are: (1) Plant situated at West Seneca,
near Buffalo, N. Y., to manufacture plate and all classes of structural
steel
and other materials, in addition to steel rails and bllets,
having a capacity
of/about 1,150,000 tons of finished product per annum; (2) ore properties
lnJMinnesota, Michigan, Wisconsin and New York, stated to have 55,000,000
tons of ore in sight; (3) 33,000 acres of bituminous coal lands
(coal rights
and in fee) in Pennsylvania; blast furnaces and coke ovens at and near
Lebanon, Pa., an interest in the Cornwall RR. and the Cornwall Iron Co.,
the first-named being leased, and about one-third of the stock of the Corn¬
wall A Lebanon RR. In 1906 acquired Ellsworth Coal Co., owning over
16,000 acres of coal land. V. 83, p. 1503; V. 84, p. 260, 393.
FINANCIAL PLAN.—In Jan. 1010 the company announced a compenhensive financial plan which made adequate provision for future financial
requirements and also for the payment on March 1 1010 of the $15,000,000
5% gold notes. The present first consols now pledged as security for them
were canceled, and the company
issued $10,000,000 first consol, mtge.
5% gold bonds, Series “A” (convertible into com. stock at par between
Mch. 1 1912 and Mch. 1 1022), and $10,000,000 5-yr. 5% convertible
gold
debentures. Both blocks were underwritten by Speyer & Co. and offered
Feb. 1010 to stockholders pro rata at 85 and 05.
respectively,
payable
25%
at once and
remainder
Amount
$100
1003
Lanston Monotype Machine—Stock $10,000,000 auth-.---.
Lehigh Coal & Navigation—Stock authorized $24,173,000._
First mtge canal 3,030 acres coal and 73 miles L A S RR-.r
First mtge gold Lehigh A SusqRR (V 34, p 41) gold-FP.r
Second mtge (first mtge Nant RR) (V 85, p 387) gold-.c*
Cons 3d M Canal Coal and 122 m RR; 2d M 28 m RR__FP.r
General mortgage for $15,000,000 gold
FP.r
Fund and imp mtge $7,500,000 g (Ser A $2,082,000) .PIP.c*
Collateral trust gold loan, $1,750,000, red 102 H—QuPxc *
Mackay Companies (The)—Common shares $50,000,000 auth
Pref (also as to assets) 4% cum $50,000,000 auth red 108-.
Par
Value
[VOL.
1008.
1007.
1006.
$2,309,272
38,305
1,613,208
243,670
$2,307,171
33,011
1,634,027
233,105
$2,305,053
37.886
851,307
213,267
$4,127,036
$4,142,282
$3,331,742
$1,396,154 $1,380,057 $1,327,132
(9) 1,813,076 (8)1,457,648 (8)1,387,604 (8)1.387.604
Balance, surplus
1,274,133
526.245
1,373.721
617,006
Sinking fund.
152,686
140,611
156,800
110,163
Deprecn on coal lmp’ts.
300,000
300,000
250,000
200,000
Pres.. W. A. Lathrop; V.-P., Rollln H. Wilbur; Sec.-Treas., H. F. Baker.
Office, 437 Chestnut St.. Philadelphia.—(V. 00, p, 1617; V. 01, p, 1008.)
LEHIQH:& WILKES-BARRE COAL.—See O. RR. N, J. V. 01, p. 867.
Dividends
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]
Date
Bonds
Manufacturers Light & Heat—Stock $25,000,000 (bonds text)
Maryland Coal—Stock preferred (no bonds)
Massachusetts Oas Companies—Common stock
Preferred 4% cumulative $25,000,000
Sinking fund gold bonds redeemable at 105
OB.c* Ar
May Department Stores Co—Common stock $15,000,000
Preferred (as to assets) 7% cum redeem 125 (text)
"Jtock authorized $15,000,000
Par
Value
_
100
100
1909
1,000
100
100
100
100
100
100
1,000,000 auth.
_
cum
(also as to assets) $4,000,000
red any Feb 1__
Michigan Telephone first mortgage gold
c
Michigan State Telephone 1st mtge $10,000,000 g___OB.c*
Milwaukee Gas-Light— First mtge g $10,000,000 red 110_.Ce
Minneapolis General Electric—Common stock $2,500,000--
Preferred stock 6% cumulative $1,000,000
First mortgage $8,000,000 gold subject to call at 110
Mon River Cons Coal & Coke—Pref 7% non-cum $10,000,000
First mtge $10,000,000 gold sinking fund (see text).UPi.c*
Certificates of Indebtedness due $200,000 yearly
Montreal Light, Heat & Power—Stock $17,000,000
First & coll trust mtge $7,500,000 g red 105 begin 1912—c*
Lachlne mtge $4,000,000 gold s f red 105 after 10 years—c*
Prov L, H & P 1st M g gu p & 1 8 f red 105 begin Sept 1911
Morris & Co—First mtge $25,000,000 gold red 103—FC.cAr
Mt Vernon-Wood berry Cotton Duck Co—See Consolidated Co
1897
1904
1902
1,000
500 Ac
1,000
100
100
1904
1,000
50
1899
1902
1,000
5,000
1952
1,000
1,000
$ & £
1,000
100
1903
1906
1909
tton D uck
Corp
National Biscuit—Common stock $30,000,000
Preferred stock 7% cum $25,000,000 (for bonds see text)
National Carbon—Common stock $5,500,000
Preferred stock 7% non-cumulatlve $4,500,000-.
100
100
100
100
MACKAY COMPANIES (THE).—ORGANIZATION.—A voluntary as¬
sociation formed under trust deed of Dec. 19 1903 and managed by seven
trustees to be elected annually.
Present trustees are: Clarence H. Mackay,
W. W. Cook, Geo. G. Ward, Edward C. Platt, M. W. Blackmar (New York),
R. A. Smith (Toronto) and H. V. Meredith (Montreal).
Owns entire
$23,000,000 stock of Commercial Cable Co. and the entire capital stock of
the Postal Telegraph Co.; also capital stock in other cable, telegraph and
telephone cos. In united States, Canada and Europe. See V. 84, p. 448;
V. 85, p. 407; V. 86, p. 476; V. 89, p. 848.
Rights of stock, V. 84,p. 870.
Div. on pref., 1% guar., paid April 1904 to Oct. 1910, both Incl.
Dlv. on
com., Jan. 1905 to Jan. 1906 (lncl.), 2% yearly (J. A J.); July and Oct.
1906, 1% (quarterly); 1907 to 1909, 4% yearly; 1910, 5% (Q.-J.). The
Mackay Companies (holding company) has no bonded or other debt.
Report for year ending Feb. 1 1910 In v. 90, p. 500, showed: Dlv. received,
$3,808,779; gen. exp.,Ac., $32,335; dlv. on pref. (4%), $2,000,000; dlv. on
com. (4 H%), $1,758,667; bal., sur., $17,777.
Policy of the Mackay Com¬
panies Is to obtain from subordinate companies only enough money to
meet the dividends on its shares, all
surplus earnings being left in their
treasuries for extensions, development of business and reserves.
112 State St., Boston.—(V. 90, p. 500, 562, 702, 1428.)
Office,
MADISON SQUARE GARDEN—See issue July 1910.
(THE) MANUFACTURERS’ LIGHT & HEAT CO., PITTSBURGH.—
ORGANIZATION.—Incorporated In Pa. on Nov. 28 1899; re-lncorporated
April 21 1903. Leases 483.885 acres of gas lands.
V. 88. p. 503.
May 1910 arranged to sell a part of the West Virginia gas lands to the
Standard Oil Co. for a price said to be about $1,000,000, the Manufacturers
Co. to obtain a supply of gas for 20 years on a sliding scale.
V. 90, p. 1428.
Report of committee July 1 1910, V. 91, p. 217.
DIVIDENDS.—1903 to 1906, 6% yearly; none since.
V. 91, p. 157.
In
plan of 1906, as modified.
arranged to finance the floating debt of approximately $4,000,000
by providing about $700,000 yearly for 2 years and 9 months, $200,000
FINANCIAL PLAN.—Under the financial
It was
yearly Oct 1 1909 to 1911
and remainder Oct. 1 1912.
The stockholders
voted Feb. 26 1907 to authorize $3,000,000 bonds to be deposited with the
Colonial Trust Co. of Pittsburgh as collateral security to agreement relative
to floating debt.
V. 83, p. 1594; V. 90, p. 624; V. 91, p. 157.
BONDS.—
Date.
Interest.
Outstand’g.
Maturity.
Ft. Pitt Gas 1st M. g. duel 1900
6 g. J 30 A D $100,000
June 30 'll
Int. at T. Mellon A Sons’ Bank, Pittsburgh.
6 g. J As J
$250,000 To Jan. 1915
at Union Trust Co., Pittsburgh, Pa.
6 g. F A A
$1,057 000 To Feb. 1916
at Colonial Tr. Co., Pittsburgh, Pa.
6 g. M A N $3,500,000 To May 1918
at Union Trust Co., Pittsburgh.
Wheel, coll, bonds (several series) are subject to call from 102 to 105.
EARNINGS.—For 6 months ending June 30 1910, gross, $3,090,660,
against $2,802,699 In 1909; net, after taxes, $1,661,297; against $1,859 831*
other Income, $3,901; Int. and renewals $309,915; bal., surplus, $1,355,283|
REPORT.—For cal. year 1909, In V. 90, p. 624 (see also V. 91. p. 217),
showed: Gross earns., $5,336,423; net, $2,648,778; other Inc., $3,641; bond
Int., $370,260; other Int., $275,369; depr’n, $1,622,578; bal., sur., $384,212.
OFFICERS.—Pres., E. H. Jennings; Sec. and Asst. Treas., H. E. Sei¬
bert; V.-P. A Treas., L. A. Meyran, Pittsburgh.—(V. 91, p. 217, 340.)
MARYLAND COAL CO.—Controls 1,000 acres of land in Alleghany and
Garrett counties, Md., 1,500 acres In Taylor County, W. Va.. and 2,800
$100,000 yearly
U.Pi.J
M LAH 1st M, g. due $50.-11900
000 yearly ($500,Ac.,ea.J
Int.
Wheel. 1st col. tr. M., g,\1903
due $200,000 yearly
J Int.
New mtge., $6,500,000. g.11903
V. 76, p. 1252.
J Int.
South Fork, Pa.
STOCK.—Pref. as in table, and In addition old com.
acres near
$11,100, and
Produced 156,785 tons In 1909; 150,905 tons in
In 1909 over Int., Ac., were $28,302; In 1908,
$91,454; diVB. In 1909 (2 H%), $47,117; deficit for year, $18,815.
DIVS.-l '97. ’98. ’99. ’00. ’01. ’02. ’03. *04. ’05. ’06. ’07. ’08. 1909.
5 J’ne, 2«
Newpf.%j 4 4 4H
5 5H 7 8H 8H 8
8
8
No. dlv. paid sinoe June 1909.
V. 89, p. 1486. Pres., Henry B. Need¬
ham; V.-P’s, Wm. H. Ziegler and C. L. F. Robinson; Treas., J. W. Gallo¬
way.
Directors Feb. 1910, V. 90, p. 377.
Office, 1 Broadway, New York.
-CV. 89, p. 1545; V. 90, p. 377, 506; V. 91, p. 97.)
MASSACHUSETTS GAS COMPANIES.—ORGANIZATION.—A volun¬
tary association formed In Oct. 1902, per plan In V. 74, p. 1311.
Operates
400 by-product coke ovens at Everett, Mass.
The gas there produced
(over 8,000,000 cubic feet dally) Is enriched and distributed for consumption
|n Boston, through the Boston Consolidated Gas Co. The Massachu¬
setts Gas Co. owns $15,110,600 of the $15,110,600 capital stock of the
Consolidated Co. (no bonds Issued): also the $17,500,000 capital stock of
the reorganized New England Gas A Coke Co.
In June 1906 the Citizens’
Gas Light Co. of Quincy, Mass., was acquired, and in May 1908 control of
the Federal Coal A Coke Co. of Fairmont, W. Va., the last named In July
1910 selling a portion of Its coeil lands for $1,013,143.
V. 82, p. 1443; V. 86,
p. 1347; V. 91, p. 521, 1023.
In April 1909 sold the electric business of
Boston Consol. Gas Co. and in 1909 (after June 30) acquired the gas business
of the Newton A Watertown Gas Light Co.
V. 88, p. 1133; V. 89, p. 1221.
Sliding scale gas law to continue 10 years from July 1 1906. See V. 82,
p. 1270.
July 1 1907 reduced price of gas to 80 cts. V. 84, p. 1555. In
1910 purchased property of Boston Tow Boat Co. V. 91, p. 521, 1028.
DIVIDENDS.—On pref. In 1903 to June 1910, 4% yearly (J. & D.).
On common, 1906, 2% each: 1907 to 1909, 3%: 1910, April, 1%; Aug.,
1% (quar.); Nov., 1%.
In June 1910 $1,000,000 (4%) was set aside for
dlvs. on com. stock, payable 1% quar. beginning Aug. 1910. V. 90, p. 1617.
BONDS.—The $6,000,000 4Hb of 1909 have a sinking fund of $120,000
per annum for first 5 years and $180,000 thereafter.
No mortgage or pledge
of assets of company is to be made without equally securing the bonds,
V. 88, p. 104, 161.
The only bonds of the operating companies not owned
July 1910 were $450,000 Federal Coal A Coke Co. and $175,000 Chelsea
Gas Light Co. first mortgage bonds.
REPORT.—Report for year ending June 30 1910, with bal. sheet (also
earnings and bal. sheets of constituent cos.), was In V. 91, p. 1023, showing
dlvs. and int. received, $2,389,320; dlvs. on pref. stock (4%). $1,000,000;
Int. and exp., $358,006; dlv. on com. stock (3%), $1,000,000; bal., surp.,
$31,312; total undivided earnings of all constituent cos., def., $33,190.
treasury stock $103,895.
1908.
Surplus earnings
.
,
V. 91, p. 218, 792.
OFFICERS.—Pres., C. Minot Weld; Treas., Wallace S. Draper; Sec.,
Latest earnings,
Edward Page.
transfer agent.
_
_
Office, Shawmut Bank Bldg., Boston. Old Colony Trust Co.,
Massachusetts Trust Co., registrar.
TRUSTER
Carr, Robert
Snow, Chas. A
crt
Wlnsor.—(V. 90.
p.
1242, 1617; V. 91, p. 21$,
Amount
Rate
When
Outstanding
%
Payable
$50 $21,500,000 See
100
1,885,005 See
,000
Prel 6%
153
INDUSTRIAL STOCKS AND BONDS.
Oot., 1910. J
521, 792, 1023, 1028.)
Last Dividend
and Maturity
Places Where interest and
Dividends are Payable
Oct 20 *06 1 J4% Checks mailed
text
Q—J
text See text June 30 ’09 2H 1 Broadway, New
Nov 1 1910 1%
text
Q—F
25,000,000 See
& D June 1 1910 2%
25,000,000 4 In 1909 J
Jan 1 1929
4H e
5,881,000
15,000,000
Oct 1 ’10, 1H%
text
See
Q—J
5,000,000
“—M Sept 30 *10 2 H
15 in ’09
See text
Oct 15’10,2 Hi %
10
3,589,400
—M
Dec 1 ’10 1 H%
3,500,000 See text
Feb 1 *11 1H%
2,285,000 6 In 1910
5 g
~A J 1917
J
285,000
F
A A Feb 1 1924
8,381,000
5g
M
&
N May 1 1927
4
8.012,000
g
Novi *10 1 H%
2,500,000 See text Q—F
& A Aug 1 1910 3%
1,000,000 6 in 1910 F
5 g
J
A D Dec 1 1934
5,824,000
&
J Jan 25’09 1 H%
10,000,000 See text J
6 g
A
A
O Oct 1 1949
7,923,000
5
J
&
J July 1 1917
1,305,000
Novl5’10 1 H%
17,000,000 7 in 1910 Q—F
&
J Jan 1 1932
6,787.000
4H g J
A
&
5 g
O Apr 1 1933
3,320,000
5 g
MAS Sept 1 1946
1,500,000
J July 1 1939
12,500,000
4H g J A
%
York
Company’s Office, Boston
Boston, Mass
Tribune
Building, N Y
Office, 66 Broadway.N Y
Checks mailed
Guaranty Trust Co, N Y
N W Harris A Co.NYAB
J A W SeUgman, N Y
City
Trust
Co,
Boston
Checks mailed
Union Trust Co, Pittsb’h
do
do
Checks mailed
f Company’s Off .Bank ofl
1 Montreal or N Y Agcyj
NY, Montreal A London
Chicago and New York
oration
29,236,000 6 In 1910
24,804,500 7 in 1910
5,500,000 See text
4,500.000 7 In 190
Q—J 15 Oct
Aug
Q—F
Oct
Q—J
Q—F 15 Aug
MAY DEPARTMENT STORES
15 ’10 1 H First National
do
31 *10 1 H
15 *10 1 H Checks mailed
do
15 ’10 1 U
Bank, N Y
do
do
CO.—ORGANIZATION.—Incorporated
In New York on June 4 1910 and took over the Shoenberg Mercantile Co. of
St. Louis (operating the “Famous”), May Shoe A Clothing Co. of Denver,
Colo., and May Co. of Cleveland, Ohio. V. 90, p. 1617.
STOCK.—No mortgage or encumbrance can be placed without consent
of 75% of each class of stock.
A “special surplus account” of not less than
$150,000 yearly Is to be set aside before any dlvs. are paid on the common
stock, to be used to purchase and retire pref. stock at not over 125 (In the
first three years this sum may be added to general surplus).
No dlv. shall
be declared on the common stock until $250,000 Is In the “special surplus
account” nor more than 4% In any one year until the “special surplus ac¬
count” shall amount to $1,000,000.
First quar. dlv. on pref., 1 H%, paid
Oct. 1 1910.
EARNINGS.—For year ending Jan. 31 1910, gross, $12,783,873; net,
$1,271,728. against $927,872 In 1908-09.
Pres., David May.
N. Y. office, 30 Broad St.—(V. 91, p. 720.)
MERGENTHALER LINOTYPE.—Report for 1909-10, V. 91, p. 1094,
showed net, $2,763,869; dlvs. (15%), $1,917,630; bal., sur., $846,239.
In 1909 purchased control of British Linotype A Machinery, Ltd. (and
with It the Canadian Linotype business and assets), and Mergenthaler
Setzmaschinen Fabrik.
This will increase the stock outstanding to $13,857,100: $12,787,700 Issued Sept. 1910.
V. 88, p. 509, 567, 948, 689.
DIVIDENDS.
\ ’95. ’96. ’97. ’98 to ’00. ’01. ’02 to ’09.
1910.
Percent
JlOH 16 16H 20 y’ly. 13H *15y’ly. ToSep,7H
•2 H% quar. (Q.-M.) and In Dec. 5% extra.—(V. 91, p. 1094.)
MEXICAN LIGHT & POWER CO.—(V. 91, p. 92, 399.)
MEXICAN TELEGRAPH.—Company organized In 1878 under laws of
N. Y. State.
Has a cable from Galveston to Tampico and Vera Cruz, 738
m.; land line, Vera Cruz to Mexico City, 267 m.
Also direct cable from Gal¬
veston, Tex., to Coatzacoalcos, Mex., 825 m., duplicating the Mex. Tel. and
Cent. A So. Am. Co.’s Gulf cable system, and a third cable completed July
1905.
Owns part (738 miles) of new cable completed Aug. 1907 between
New York and Colon, Isthmus of Panama, remainder being owned by
Cent. A So. Am. Telegraph Co.
V. 84, p. 1117. Owns 5,768 shares of
the Cent. A South Am. Telegraph Ck>., which see.
DIVIDENDS.—In 1882 to 1886, lnd., 8% yearly; from 1887 to Oct.
1910, both Inch, at rate of 10% per annum (2 H% Q.-J.); also June 1 1906,
50%. and June 1 1909, 25% in stock. V. 82, p. 1104, 1384; V. 88, p. 1134.
EARNINGS.—For 9 months ending Sept. 30 (partly estimated.)
9 Mos.—
Gross.
Net.
Mex.Govt.
Dividends.
Bal.,Sur.
1910 (estimated) .$599,500
$550,000 $28,500
(7H) 269.205 $252,295
1909 (estimated). 539,500
466,000
(7H) 251,208
191,292
23,500
REPORT.—Report for year ending Dec. 31 1909 In V. 90, p. 912,
showed: Gross, $848,597; net, $688,391; Mex. Govt, share, $34,569; lmprov’ts, $68,565; dlvs., $340,942; mlscel., $10,121; bal., sur., $234,194.
J. A. Scrymser, Pres., 66 B’way, N. Y.—(V. 91, p. 875.)
MICHIGAN STATE TELEPHONE CO.—ORGANIZATION.—Incor¬
porated In Michigan on Jan. 30 1904, per plan V. 75, p. 33, 1034.
In July
1910 the American Teleph. A Teleg. Co. acquired most of the $3,500,000
stock, giving 4 shares of American for 5 of Michigan stock. V. 91, p. 218.
Stations Dec. 31,1909, 132,270.* V. 88, p. 131.
DIVIDEND.—On pref., 1H% quar. to Feb. 1 1911.
On com., 1908,
4%; 1909, 6%; 1910, Mch., Ui%; June. 1 H%1 Sept., 1 H%; Dec., 1 H%,
BONDS.—Of the bonds, $285,000 are reserved to retire underlying bonds
and the remainder unissued for 75% of cost of extensions, Improvements,
Ac.
V. 86, p. 921, 1103; V. 88, p. 380, 1005.
REPORT.—Report for! year ending Dec. 31 1909, In V. 91, p. 37,
showed: Gross, $3,819,630; net, $825,251; Interest, $443,260; div. on pref.
stock (6%), $136,972; dlv. on com. stock (6%), $207,510; bal., sur., $37,509.
Year 1908, gross. $3,413,280; net, $882,200.
OFFICERS.—Chairman of Board, N. W. Harris; Pres., N. C. Kingsbury;
V.-P. and Gen. Mgr., B. W. Trafford; Sec., W. I. Mlzner: Treas., W L
Burrows.
Office, 20 Clifford St., Detroit.—(V. 91, p. 218.)
MILWAUKEE GAS LIGHT CO.—ORGANIZATION.—Incorporated In
1852.
Has perpetual franchise.
V. 74, p. 1199. On July 1 1904 the pglce
of gas was reduced and again Jan. 1 1907.
V. 78. p. 2602; V. 86, p. 1293
Am. Lt. A Trac. Co. owns practically entire stk. through West. Gas Co
(V. 88, p. 752.) In 1907 stock was increased to $5,000,000. V. 85. p. 164.
Of the $1,988,000 bonds remaining unissued, $100,000 is reserved to take
up $80,000 Office Co. 5s, subject to call after 1905, and the remaining
$2,600,000 can only be Issued at par for 80% of the actual cost of extensions
and Improvements.
See V. 78, p. 481, 1199; V. 79, p. 631; V. 80, p. 602.
DIVIDENDS.—Not less than 6% yearly (J. & J.) paid for 45 years to
July 1905 lncl.; 1906, 6^%; 1907, Jan., 1 H%; Mch., 1.95%; later dlvs.
not made public.
Year ending Sept. 30 1908, net, $934,310; Int., $320,477;
bal., sur., $613,833. Chairman, Emerson McMUlln.—(V. 91, p. 157.)
(The) MINNEAPOLIS GENERAL ELECTRIC CO.—ORGANIZATION.
—Incorp. In N. J. Jan. 9 1899. V. 68, p. 824; V. 77, p. 773; V. 86, p. 173.
Stone A Webster Management Ass’n. are Gen. Mgrs.
STOCK.—In 1910 $1,000,000 additional com. stock was offered to stock¬
holders at par, pay. Mch. 2 1910, making $2,500,000 out. V.90, p.55,306.
DIVIDENDS.—On pref. to Aug. 1910, 6% yearly (F. A A.).
On com.;
1906 to Aug. 1909, 4% (2% F. A A.); Nov. 1909 to May 1910,1H% quar.
(6% yearly); In Aug. 1910, 1 H%; Nov., 1 H%.
BONDS.—Of the 5s of 1904 ($8,000,000 authorized), $5,624,000 have
been sold to retire underlying bonds and extend the company’s plant,
$123,000 are In the treasury and the remaining $2,253,000 are reserved for
80% of cash expenditures, to be made as required.
Sinking fund, 1% of
V. 30, p. 223; V. 86, p. 52- V. 87, p. 1536.
bonds Issued.
EARNINGS.—8 mos.,11910
net, $478,573
Gross, $794,270;
Jan. 1 to Aug. 31.
Gross, 697,459;
Jl909
net, $390,604
Surplus over charges, $227,273; against $150,817.
REPORT.—Year ending July 31 1910, gross, $1,191,342; net, $720,260;
Interest charges, $376,668; balance, surplus, $343,592.
Pres., Mart B. Koon; Treas., Henry B. Sawyer; Sec., A. K. Todd.
Ex¬
ecutive office, 147 Milk St., Boston.—(V. 90, p. 1175; V. 91, p. 98.)
MONONGAHELA RIVER CONSOLIDATED COAL & COKE CO.—
(“River Coal Consolidation.’1)—Incorporated In Pa. In June 1899 to con¬
solidate ooal Interests along the Monongahela River, and coal traffic to
New Orleans, Ac., including 200 steamers and 4,000 ooal boats and barge
and coal elevators, Ac.
Owns between 33,000 and 34,000 acres of coal,
exclusive of surface.
See constituent concerns, V. 69, p. 1065: V, 72, p.
876, 939; V. 74, p. 99; V. 76. p. 264; V. 78, P.-1273; V.Wp.
154
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEOUS COMPANIES
UVor abbreviations, Ac.,
see notes on
Date
Bonds
first page]
National Enameling A Stamping—Common stock 420,000.000
Pref
stock (as to assets) 7% cum
First M g last Installment deposit made to retire bds
SSt
Refund first mtge real estate sink fund g red text._CexcAr*
National
Fireproofing—Common
.
Amount
Outstanding
$100
100
1901
1909
stock 14,500,000
Preferred stock 7% non-cumulative $8,000,000
First mtge $2,500,000 gold red par $250,000 due yearly- N
Nations!
Lead Co—Stock common $25,000,000 authorized..
*
Pref (alsoas to assets) 7% cum $25,000,000 red
par beglOlO
National Sugar—Common stock $10,000,000—
Preferred stock 6% cumulative $10,000,000
Par
Value
1,000
1,000 Ac
50
50
1908
1,000
100
100
100
100
20
100
100
When
Payable
[Vqi.
Last Dividend
and Maturity
$15.591.800 See
text
Q—J
July 1 *05 H%
8.546,600 7 in 1909
Quar
Sept 30 *10 l H
250,000
5 g
MAS Sept 1 1011
3,500,000
5 g
J
A
D June 11929
4,461,300 See text Q—F
Aug25,03 1 H%
7,900,5004 in 1910
Q—J Oct 16*10 1%
1,000,000
5 g
A "A O
20,750,000See text
24.463.6007 In 1910
10.000,000
10,000,000 6 In 1910
QW*
lxxxxi.
Places Where Interest and
DPtidends
are
Payable
Trust Co of America, N Y
Trust Co of America, N Y
Louis Tr Go, St Louis
Oeatml Trust Go, NT Y
Checks mailed
■
<>"■"
do
Apr 1911-1916
Oct 1 1910 K
New York Trust Co, N Y
ill Broadway. New York
Dec 15 1910 1 X
do
' do
Oct" 3" 1910 1H Checks mailed
New Central Coal—Stock $1,000.000
1.000,0004 In 1910 See text Nov 1 1910 2% Co’s Off, 17 Batt
New Eng Cotton Varn—-Commonstock $2,900,000, guar 7 H %
PI, N Y
3,900,000
7H
A
A
O Oct 1 *10 $*%
Preferred stock $24)00,000 6%. div guar
2.000,000
6
Novi
First mtge $8,500,000 gold s fsubj to call at 110
Q—F
‘10.1)4%
NB.o* 1899
1,000
5.060,000
5 g
F
A A Aug 1 1929
New England Telephone & Telegraph—Stock $50,000,000...
Nat" ShawmuVBk~Bc«ton
100 39.178,1006 In 1909
Bonds Series 8, T and 8 $500,000 each not subject to call.. ’95-"’99
Q—M Sept3019101H 125 Milk Street, Boston
1,000
1,500,000
5
A
A
O
Bonds $1,000,000..
1915, *16 A *19 Nat Bk Commerce, Boat
1900
1,000
1.000.000
4
J
A
J Jan 1 1930
New York Air Brake—Stock $18,000,000 authorized
do
do 100 10,000,000 See text
Oct
First mortgage $8,000,000 gold convertible text
Q—J
28 *10 1 Vi Office, 165 B’way, N Y
Ce 1908
100 Ac
3.000.000
6 g
MAN May 1 1928
Central
New York Dock—Preferred stock 5% non-cum (text)..Usm
Trust
Co, N Y
100 10,000,0004 in 1910 A
A
O Oct 151910 2% Checks mailed
First mortgage $13,000,000 gold call at 105
-Usm.cAr 1901
500 Asc 11.800.000
4
F
A
g
A Aug 1 1951
New York & East R‘Ivor Gas
U S Mtge A Tr Co. N Y
~
Co—New York Edison Co— -See C onsolid a ted Gu Co.
New Voile Gas, Electric Light. Heat A Power—See ConsoU dated Gas
N Y A Hoboken Ferry Co—Hobok Fy 1st con M red.Usm.c* 1898
1,000
4,100,000
5
N Y 8s New Jersey Ferry two mortgages (V 82, p 164)
May 1 1946
N Y, Office Del L A W
1896
1,000.000
5
Jan 1 1946
NY* Hoboken Ferry general mortgage gold $4,000,000.
do
do
1898
V.ooo
3,300,000
5
g
N Y Mutual Gas Light—Stock (bonds see Consolidated Gas)
May 1 1948
do
do
100
3,500,0006
in
1910
N V Mutual Tel—Mut Union Tel first mtge gu not drawn. No 1881
July 9 1910 3% Checks mailed
1,000
S.000,0001
6 g
N Y. Western Union Tel
May 1 1911
In Sept. 1903 the Pitts. Coal Co. purchased $15,000,000 of the $20,000,000
oom. and $2,500,000 of the $10,000,000 pref. stock at $15 and $45
«*f!rEJI9RT*—Report
V.
for
cal.
year
1909
In
90, p. 623, net earnings,
per $50
3100.000; pref. div. (1%), $79,005; bal., sur., $286,829.
Share, respectively. Operated separately. V. 77, p. 630, 774, 1297, 1750.
DIRECTORS.—D. F. Henry (Chairman), W. D.
PREF. DIVS.l July *00 to Jan. *04. *05. *06. Jan.*07. July *07 to *08. *09.
Henry (Pres.), R. W.
Alison, Henry M. Keasbey and E. V. Johnson
Percent
(Vice-Presidents), John
R7% yearly.
/
1.54 1.94
Fre<* Gwlnner Jr., W. A. Dlnker,
4H
7 yearly (J AJ) 1H
James J. Booth, John H. Jones,
To July 1910, no dividend since 1)4% paid Jan. 1909.
T. HartGlven.
Hay Walker Jr., W. A.
E. H. Straub and J. B. Fin¬
ley. Treas. Is J. P. Robbins and O. G.Stone,
BONDS.—A sinking fund of 5c. per ton of 1H-Inch coal mined and
Jones la Sec.—(V. 90, p. 628.)
shipped retires bonds annually about Dec. 1 If purchasable at a reasonable
COMPANY.—ORGANIZATION.—Organized
under
pried: to Nov. 1 1909 $2,077,000 were canceled. Car trusts Oct. 1909,
,the ljJW8 oI New Jersey
on Dec. 7 1891.
It controls extensive plants
$242,000; mortgages, $165,818.
vi.Cerent
States
for
manufacture of white lead, Ac. V. 89. p. 22$. In
1906 the
EARNINGS.—For 9 mos. ending July 31 1910, net. $1,475,469, against
greater part of the United Lead Co. stock was
acquired.
V- 84, p 697. 160
In 1907 purchased Magnus Metal Co.
$1,562,052 in 1908-09; sur. after int., taxes and depreciation, $112,598,
V. 84.
In
March
1910
against sur. $260,820 in 1908-09.
acquired stock In U. S. Cartridge Co. of Lowell. V. 90, p. 452.
V. 91, p. 592.
p. 631.
REPORT for year ending Oct. 31 1909, with bal. sheet, was In V.
STOCK.—The preferred stock Is entitled to 7%
90,
per annum cumulative,
and subject to call at par from Jan.
p. 234. showing profits after charges of $333,254; loss from storm on
1
1910.
V. 60, p. $49; V. 88, p. 1676.
Sept. 20
1909, $709,409; bal., def., $376,155.
DIVS. (’94. *95. *96. *97. *98-*00. *01-*05. *06.
Pres., John A. Donaldson; Vlce*07. *08. *09.
1910.
Pre8., Geo. W. Theiss; Treas., W. Hamilton Brunt; Sec., J. W.
3
1
Common.i
10
0
Barber,
y*ly.
0
2
4 )4
5
5
Below
Pittsburgh, Pa—(V. 90; p. 234, 631, 1494; V. 91, p. 399, 592.)
Preferred were 7% yearly (1 54% Q.-M.) to Dec.
1910. inclusive.
In 1910. on common, Jan.,
Apr. and July. 1)4% each; Oct. 54%.
MONTREAL LIGHT. HEAT & POWER CO.—ORGANIZATION.—In¬
V. 91, p. 218.
corporated by special Act of Quebec Legislature March 28 1901. Controls
ANNUAL REPORT.—The annual report for 1909. In V.
the gas, electric light and power business of Montreal and
suburbs; also two
90,
hydraulic stations for generation of electricity. In operation in the fall of showed; Net earnings. $2,993,420; dlvs. on pref., $1,705,732; div. onp. 975,
com..
3%. 31.032,770; bal. for year, surplus. $254,918.
1903, to have a capacity of 28,000 horse-power, viz.: one hydraulic plant,
Total
1909, $4,713,373. In 1908, net earnings, $2,902,753. surplus Dec. 31
Lachlne. Que.. ana one at Chambly, Que. Controls output for Island of
Montreal of Shawlnlgan Water Power Co., also the
DIRECTORS.—W. W. Lawrence (Pres.), R. P. Rowe, E. J. Cornish and
output of the Provincial
Lt., Ht. A Pow. Co., which has built a 15,000 h.-p. plant on the
G. O. Carpenter (Vice-Presidents). E. F.
Soulange
Beale. R. R. Colgate, E. C. GoshCanal to develop the surplus waters thereof.
V. 83, p. 216; V. 88, p. 380.
ora, H. M. McChesney. A. P. Thompson, Walter
Tufts, C. F. Wells. Daniel
Properties owned, see V. 74. p. 580; V. 75, p. 238; V. 76, p. 923; V. 80, p
Guggenheim,
Murry
Edward
Guggenheim,
Brush.
Sec. Is Charles Davison;
2456.
Late In 1909 the Shawlnlgan Water A Power Co.
Treas., M. D. Cole. N. Y. office. 111 B’way.—(V. 91,
purchased
$700,000
p. 720.)
Of the Btock.
V. 89, p. 1599; V. 90, p. 695.
NATIONAL SUGAR REFINING OF NEW
In
New Jersey on June 2 1900 and took over theJERSEY.—Incorporated
DIVIDENDS.—\*01 to *05. 1906. 1907. 1908. 1909.
1910.
New
York Sugar Refining
Percentj 4 yearly. 4H
5)4
6
Co.’s (Doscher) refinery,
6)4
1H. 1)4. IX. IX
Long Island City, the Mollenh&uer refinery,
Brooklyn, N. Y., and the National refinery, Yonkers, N. Y. American
BONDS.—Royal Trust Co. of Montreal Is trustee of both mortgages.
Of the 4 Ms of 1902, $901,000 were reserved to retire an
Sugar Refining Co. owns one-quarter of stock. The
capacity is 10,000
equal amount of barrels dally. V. 70, p. 1098: V.
underlying bonds and $523,000 for improvements. The unissued
71, p. 31; V. 77, p. 1877.
Lachlne
Dlvs. on
bonds are reserved, viz., to pay for balance of
pref.;
1)4%
(Q.-J.)
paid
1900
to
Oct.
Oct.
1910 inclusive.
No bonds.
sub-company stocks, $7,000,
and to retire sub-company bonds, $279,000.
Pres., J. H. Post. New directors. Jan. 1910, V. 90, p. 170.—(V. 90.
List of underlying bonds and
p. 450)
description of mortgages, V. 74, p. 580; V. 75, p. 238; V. 76, p. 923. The
NEWARK CONSOLIDATED GAS.—See "Electric Railway” Section.
$1,500,000 Provincial L., H. A P. 5s are guaranteed, p. A 1. V. 88,
p. 380.
NEW CENTRAL COAL (MD.).—Owns coal lands In
County,
REPORT.—Report for year end. Apr. 30 1910 was in V. 90, p. 1553.
Maryland. Tons mined in 1898. 203.677; net profits, Allegheny
$37,397.
In 1898
Year.
Cross.
Net.
Interest.
reduced the stock from $5,000,000 to $1,000,000 and shares from
Dividends.
Bal.,Sur.
$100 to
1909-10.--$4,240,846 $2,392,068 $480,867
V. 68. p. 901, 1140; V. 64. p. 615.
$20.
(7%)$1,190.000 $721,201
1908-09.-. 4,079,769
2,335,116
489,268
(6%) 1,020.000
725,848
DIVS.(*98.
*99.
*00.
*01.
*02.
*03..*04. *05. *06. *07. *08. 1909.
OFFICERS.—Pres., Herbert S. Holt; V.-P., Rodolphe Forget; Sec.1910.
since *971 242004244244
Treas., J. S. Norris.—(V. 90, p. 1553.)
4
New York office, 17 Battery Place.—(V. 85, p.
1341.)
MORRIS & CO.—V. 89, p. 48.
NEW ENGLAND COTTON YARN.—A consolidation of 9 yarn mills of
NATIONAL BISCUIT.—Incorp. under laws of N. J. in 1898.—V.
New Bedford. Fall River and Taunton.
V. 69, p. 28, 81, 181; V. 70, p.
288, 901; V. 71, p. 545; V. 77, p. 92; V. 80. p. 870; V. 82, p. 388; V. 91, 66, p.
587, 1294.
Total, 531,000 spindles.
p.876.
V. 71. p. 345; V. 73. p. 443; V. 81,
DIVIDENDS.— 1 99.
*00 to *05. *06. *07. *08.
p. 617, 1608; V. 88, p. 724.
Now a Massachusetts corporation.
1909.
1910.
V. 77,
Common, regular..) 1
4 yearly.
4
4 54
5
5 54
6
do
16 1909
extra __J
.
to lease
the property for
years at 7 )4 % on the com. stock (payable
111..
A. AO.)
to a new consolidated
company, the Union (Knitting) Mills, a consolidation of the Union Mills
BONDS.—These are N. Y. Biscuit 1st 6s (M. & S.), due Mch.
1911, $59,- and Royal Gem Mills, with plants at Hudson, Ac., N. Y.
For terms of con¬
803; coupons paid by First Nat. Bank, N. Y.
solidation, if desired, see V. 89. p. 1284, 1355; V. 89, p. 1070; V. 90, p. 113.
ANNUAL REPORT.—Report for year
ending Jan. 31 1910 (V. 90,
SECURITIES.—Stock authorized, common, $3,900,000; pref. (as to
p. 557) showed: Sales for year, $42,720,543; net profits,
$3,978,576; dlvs. on assets and accrued dividends and subject to
redemption at $140 per share
and
accrued dividends), 6% non-cum., $2,000,000.
tatus Aug. 30 1910, V. 91,on
p. com.
592. (6%), $1,754,161; bal., sur., $488,101.
DIVIDENDS.—
\1907.
1908.
1909.
DIRECTORS.—A. W. Green (Pres.), John D. Richardson
Underlease
(1st V.-P.),
On Common...
%J
3
6
6
F. M. Peters (2nd V.-P.), F. A. Kennedy, Wm. H.
see above.
Moore,
L. D. Dozier,
H. J. Evans, F. L. Hlne, S. S. Marvin, T. S.
REPORT.—Bal.
sheet
of
Sept. 25 1909 In V. 89, p. 1343. In 1907-08,
Ollive, N. B. Ream, J. B. Vredenburgh, H. M. Hanna, S. A. Sears.
Sec. and Treas. Is F. E. Bugbee;
profits from manufacturing, $736,000; int. on 1st M. bds., $253,000; ad¬
Asst. Treas., J. U. Higginbotham.
justments (credit item), $6,352; pref. div. (6%), $120,000; sinking
Office, 15th St., 9th and 10th aves..
fund,
N. Y.—(V. 90. p. 450, 557, 702; V. 91, p. 592,
$57,800: bal., sur., $311,552.
Div. on com. stock, 6%, $234,000.
876.)
Pres., C. Minot Weld.
Office, New Bedford, Mass.—(V. 90, p. 113.)
NATIONAL CARBON
In New
NEW ENGLAND TELEPHONE & TELEORAPH.—This company doe*
Jenfey on Jan. 16 1899. V. CO.—ORGANIZATION.—Incorporated
68, p. 85.130.
Dlvs. on pref., 1899, 3 )4 %; 1900
a telephone business in Maine, New Hampshire, Vermont and
to Aug. 1910, 1 54% quar. Div. on com., 1905
Massachusetts
3% (J. A J.), 1906 to July
under license from The American Bell Telephone Co.
1909, 4% yearly (Q.-J.); October 1909, 1)4%; 1910, 6%
On Dec. 3l 1909
(Q.-J.).
Re¬
It had 269.299 stations in all, against 247.685 in 1908.
port for 11 months ending Dec. 31 1909, with balance sheet, In V. 90,
Of stock, 68%
p. 558;
is owned by American Telephone A Telegraph (Bell) Co.
showed: Net earns., $1,211,439; dlvs. 9 mos.
V. 70, p. 40.
(5k%) on pref., $236,250;
Reduction of rates In Boston and vicinity, V. 91, p. 592.
div. (4 54%) on com., $261,250; depreciation,
$296,323; bal., sur., $417,616.
Pres., James Parmelee; Treas., H. E. Hackenberg; Sec., J. S. Crider. Main
STOCK, Ac.—In April 1909 sold $3,553,700 new stock at par. payable
office, Cleveland.—(V. 90, p. 558.)
one-half July 16 1909 and one-half Jan. 17 1910.
V. 88, p. 826.
The
debentures are to be secured by any mortgage placed.
NATIONAL ENAMELING & STAMPING CO—ORGANIZATION.—
DIVIDENDS—
l 1886-1893. *94. *95. *96. *97. 1898-*09.
Incorporated In New Jersey on Jan. 21 1899. See
1910.
prospectus In V. 68,
Percent
J 3)4 y’ly
5 5)4
4-4)4
6 y’ly ToSep,4)4
p. 187, and official statement In V. 76, p. 1405; V. 77,
V.
p.
403;
82, p.
Dividend period changed to Q.-M. in 1910.
V. 87, p. 1667.
755.
Div. on pref., 1899 to Oct. 1910, 7%
yearly (quar.); 7% declared
payable 1 54 % each quarterly, beginning Sept. 301910. On com.,
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for 1909 was
1902 to ’04,
4% yearly; 1905, Jan., Apr. and July, )4% each; none since to
in V. 91, p. 151, showing: Gross earnings, $12,086,783; net over
Oct.
19)0.
interest,
V. 81, p.617. Decision Dec. 1906, V. 81 o. 215; V.
maintenance,
Ac..
taxes,
$3,183,949;
dividends
(6%), $2,191,866; balance,
82, d. 755; V. 83,d.1415
Office. 125 Milk St.. Boston.—(V. 91, p. 161. 592.1
surplus. $992,083.
BONDS.—The $3,500,000 refunding first mtge. real estate 5s of
1909
were sold to retire the floating debt, sufficient of the
NEW YORK AIR BRAKE.—Incorporated under laws of New Jersey.
proceeds being depos¬
ited to pay off the $560,000 bonds due
Works at Watertown, N. Y.; capacity. 500 sets of car brakes a day.
Sept.
1910 and 1911. The bonds will
In
be subject to annual drawings at 105 In amounts
April 1910 sold for $2,250,000 the gas engine business and plant at Moscow,
Increasing yearly from
$108,000 to $263,000. See V. 88. p. 1502; V. 90. p.
Russia, retaining air-brake patents, Ac., In Russia.
V. 90, p. 1242;
170.
Report for year ending June 30 1910 was In V. 91, p. 461,
showing net,
$1,062,345; lnt. on bonds, $187,950; sink, fund reserves, $108,000;
1897-98.
1899 to 1907.
1908-09.
1910.
mlscell.,
$12,500; div. on pref. stock (7%), $598,262; bal., sur., $155,633;
Per Cent
8 yearly.
J
6
none.
3
none.
total
surplus, $1,385,144, and $1,500,000 general reserve account.
On July 29 1910, 1)4%; Oct., 1)4%.
Chairman,
Fredk. G. Nledringuaus; Pres., F. A. W.
Kleckhefer; Sec., Wm. H. MatBONDS.—Stockholders In April 1908 subscribed at 90 for $3,000,000
thal; Treas., A. M. Stelnhardt.
N. Y. office, 81 A 83 Fulton St.—(V. 90.
20-year 6% bonds, convertible Into stock at par beginning July 1 1909 and
p. 170; V. 91, p. 399, 461.)
before July 1 1914.
V. 86. p. 725. 797, 921, 1104.
NATIONAL FIREPROOFING CO.—Incorporated in 1889; name was
REPORT.—Report for year ending Dec. 31 1909 in V. 90, p. 500,
changed In 1899 from Pittsburgh Terra Cotta Lumber Co. Controls
showed: Total Income, $2,115,116: cost of manufacturing and
selling,
29 plants adjacent to various cities between
$1,660,244; Interest on bonds, Ac., $184,788; balance, surplus, $269,084.
Boston and Chicago, over
4,000 acres of coal and clay lands, patent rights, etc.
Manufactures
DIRECTORS.—Pres.,
C.
A.
Starbuck,
165
porous
Broadway; V.-P., Geo. B.
terra cotta, fireproofing, hollow tile,
building blocks, Ac. Properties Massey; V.-P. and Gen. Man., John C. Thompson; Sec. and Treas.,
C. H.
owned, see V. 72, p. 296, 1191; V. 76, p. 651.
v
Chaffee; Fred. Flower, A. N. Brady, Giles Mead and Wm. N. Shaw.—
BONDS.—-Of the bonds, $2,000,000 were sold, balance to
(V.
91,
p.
41.)
be
held
for
future use. The cash and quick assets, until
payment of the bonds, over
NEW YORK DOCK CO.—ORGANIZATION.—Incorporated In N. Y.
be less than $2,000,000. V 82. p. 1104.
8.h^1
never
State on July 18 1901 as successor of the Brooklyn Wharf A Warehouse Co.,
DIVIDENDS.— *00. *01. *02. *0$. *04. *05. *06. *07. *08. *09.
1910.
foreclosed and reorganized per plan V. 72, p. 937. V. 73, p. 239, 1355.
Preferred (%)
154 7
7
7
7
5)<
1,6
2
4
0
Owns water frontage in Brooklyn, "frontage of more than 2 H
Common (%)
miles, of
354
5
0
4H 0
0
0
0
0
which 167 feet leased, with 7-mlle railway.
V. 90, p. 1365.
-----
.
•
fo2161. The stockholders voted Nov.
__
§ref. (7%), $1,736,314; div.
V*dYvI?)EnI)S.—11896.
-
)
Date
Bonds
MISCELLANEOUS COMPANIES
[For abbreviations, Ax., see notes on TirM pope]
Par
Amount
Rate
When
Value
Outstanding
%
Payable
1900
1901
1888
1809
1890
Cols?Tgro MESSRS) OOOaS&h red?tflO&*Ar*
52,350,000
1.500,000
1,000
1,625,080
5 A 8 50,000,000
1,170,000
1,000
14)00
M (now 1st) git 520,000 yly not drawnJHp.o
Other bonds—eee text
J.
_
.
.
100
Niagara Palls Power—Stock 510,500,000 authorized
500 Ac
First mortgage gold
-=-C$ 1891
Ret A gen M 520,000,000 (V 58, p 1441) gold.Ba.xc* Ar* 1909 1.000 Ac
1,000
Debentures gold do do
Can coll Series A..-Q.e* 1901
1,000
Debentures Series B and C redeemable Oct 1911__ _ . - . . . S 1904-8
^
Rldgway Machine 6% cumulative pref stock guaranteed..
Bonds redeemable since Feb 1 1909................—
North American—Stock 530,000,000....-—------------Coll trust gold notes 55,000,000 red 101 since May ’09--G.C*
Northwestern Oas-Light & Coke-Consol (now 1st) mtge gold
Consolidated mortgage 52,000,000 gold
Cicero Oas first mortgage
do
gen A ref mtge 55,000,000 g guar p
■
EC
_MC
A 1—EC.c*
1,000
1,000
1898
1892
1902
1904
1903
1905
500
1,000
1,000
500
1,000
1,000
STOCKS AND BONDS.—Com. stock, 57,000,000: pref., 5% non-cumulatlve, 310.000.000, aU In shares of $100 each.
After 5% on both stocks
Bonds. 31.200.000 in treas. July 31 1910.
the two to share equally.
DIVIDENDS.—
\ *02. ’03. '04. ’05. *06. ’07. ’08. *09. 1910.
On preferred
2
2 2* 3* 4 4* 4
1
4
REPORT.—Report for 11 mos. ending July 31 1910, with balance sheet,
V.
91,
p.
944,
showed:
Gross
earnings,
$1,943,378;
$1,197,181;
In
net,
%J
pref. dlvs. 12 mos. (4%), $400,000;
OFFICERS.—Pres., F. S. Landstreet; V.-P., Columbus O’D. Iselln;
Sec.. Edwin Thorne: V.-P. and Treas., George E. Spencer.
Office. 8 and
10 Bridge St. (Manhattan), N. Y.—(V. 90. p. 1365; V. 91, p. 044.)
NEW YORK A EAST RIVER FERRY.—Owns the ‘’Astoria” Ferry
from foot of 92d. St.. N. Y., and has three ferry boats. Stock. $750,000.
DIVIDENDS.—
1 ’95. ’96. *97. *98. ’99. '00. '01 to June 1905
5 5*0 yearly (Q.-M.)
4* 5
Bonds, $750,000 1st 30-year gold 5s due Nov. 1 1922, interest M.-N.,
J
Percent
3
4
K. Knapp,
St[. Kings
Co. Directors—William
A. Nash, 71,
Tbeo.p. 392.)
F. Jackson,
Co. Trust
E. Lehman
and Roswell Eldridge.—(V.
Nov. 10 1898.
NEW YORK A HOBOKEN FERRY CO.—Incorporated
In April 1903 Del. Lack. A West. RR. acquired entire
$3,300,000 stock. Of the $4,000,000 general 5s of 1898, $700,000 were re¬
served for improvements; all are redeemable at 110.—(V. 82, p. 164.)
N. Y. MUTUAL GAS LIQHT.—See CONSOLIDATED GAS.
V. 77, p. 454.
700 of $2,500,000 stock (par
$25) and $3,043,000 of the $5,000,000 bonds.
YORK A NEW JERSEY TELEPHONE.—See N. Y.
Telephone Co.
A QUEENS ELECTRIC LIGHT A POWER CO.—See page 164.
YORK A RICHMOND GAS CO—See page 165.
SUBURBAN GAS.—See Consol. Gas Co. (N. Y. A Westchester Ltg.)
YORK TELEPHONE CO.—ORGANIZATION.—A consolidation
in Sept. 1909 of all the “Bell” telephone companies operating in State of
New York under State and municipal franchise.
See v. 91, p. 151, 157.
Subscribers Dec. 31 1909, 714, 141.
Controls Empire City Subway Co.
STOCK.—Authorized, $125,000,000; outstanding (par $100), $85,672,800, all owned by the Am. Telep. & Teleg. Co. (V. 89, p. 781, 849).
V. 90,
p. 1242.
Dividends: In 1910, paid 2% quarterly.
BONDS.—The “first A gen. mtge.” made In 1909 is limited to $75,000,000, of which $50,000,000 have been Issued, having a first lien on the en¬
tire property, underground conduits, franchises, Ac. (including real estate
valued at $15,000,000), subject in part to $3,814,000 of outstanding mtge.
Indebtedness, which the company covenants to pay at maturity.
Issue
subject to call in whole, but not in part, at 110 and int. on any M. A N.,
beginning Nov. 1 1910. Proceeds of first $25,000,000 were applied to re¬
payment of advances for improvements and to acquire additional property.
The final $25,000,000 bonds can be issued only to the extent that an equal
amount of cash Is received for new stock issued at not less than, par. It Is
the intention that the total bonds outstanding shall never exceed one-third
the \alue of assets.
V. 89. p. 849, 924, 1351; V. 90. p. 773; V. 91. p. 151.
There are also outstanding $267,500 first gold 5s, due Feb. 1 1926, and
$535,000 gen. gold 4s, due Nov. 1 1926, of N. Y. A Penn. Tel. A Tel. Co.,
$12,000 Ontario first 5s due 1925, $67,500 Cortland Home Telephone first 5s
due 1921 and $100,000 Central N. Y. Tel. A Tel. deb. 5s due 1918, subject
to call after 1913.
EARNINGS.—For 3 mos. end. MCh. 31 1910, gross, $8,734,854; net,
$2,667,392; other Income, $437,760; Interest, $354,028; dividends (2%),
$1,713,456; bai., sur., $1,037,668. For cal year 1909, gross, $33,071,954;
net. $9,202,552; other Income, $1,369,426; int., $981,229; divs., $5,633,330;
bai., sur., $3,957,419. Pres., U. N. Bethell; Chairman of Board, T. N.
Vail.
New York office, 15 Dey St.—(V. 91. p. 151. 157.)
NEW YORK TRANSPORTATION CO.—See page 165.
NIAGARA FALLS POWER CO.—See page 165.
NILES-BEMENT-POND CO—ORGANIZATION.—Incorp. In N. J.
Aug. 11 1899: a consolidation of makers of heavy machines.—V. 69, p. 388.
CONTROLLED COMPANIES—GUARANTIES.—Owns entire com. stk.
($1,625,000) of Pratt
stock (to be called Jan
same on Its own stock,
v. 71, p. 13»; v. 70. p. 1253; v. 7Z. p.
In Dec. 1909 a plan was ratified for raising of
p. 1113; V. 80. p. 1734.
$1,250,000 new cash by Pratt A Whitney Co. for improvements and ex¬
tensions by an increase of $1,250,000 stock, the present $1,225,000 pref.
to be called Jan. 1 1911, and $2,000,000 new 6% pref. issued at par, guar,
as to Int. by Nlles-Bement Co. and redeemable Jan. 1 1921; also $475,000
additional com. stk. to be taken at par by Niles-Bement Co. V. 89, p. 998;
V. 90. p. 56$.
Also owns entire common stock of NUes Tool Works, dividends of 6%
yearly on $1,000,000 having been paid regularly since 1890.
In 1905 and
1900 the entire stook of John Bertram A Sons, Ltd., and Pratt A Whitney
Cb. of Canada. Ltd., of Dundas, Ont., was acquired.
V. 81, p. 977; V. 6$,
p. 1350.
Decision Feb. 1909, V. 88. p. 568.
DIVIDENDS—
l’OO. ’01. ’02. ’08. ’04. *05 to ’09.^,
1910.
Common, percent....) 3
7
6 yearly To Sep, 4*%
6
8
8
Preferred, per cent
J
6% yearly, 1* (Q.-Feb.)
Also 40% In common stock ($2,000,000) paid on oom. stock Jan. 2 1907.
Balance sheet Dec. 1908, V. 89. p. 101.
Pres., R. C. McKinney; Treas.
and Sec., Chas. L. Cornell, 111 Broadway, N. Y.—(V. 89, p. 1545.)
NORTH AMERICAN CO,—Organized in 1890 under laws of New Jersey,
Co. (see "Electric Ry.”
section), and the Detroit (Mich.) Edison Co. (V. 81, p. 33); also the electric
Ught, power and trolley companies of St. Louis, Mo., as follows: Union
Electric Light A Power Co. (V. 79. p. 2751; V. 77, p. 40; V. 82, p. 104;
v. 83, p. 1007; V. 86, p. 1046); St. Louis County Gas Co. (V. 84, p. 278)
and united Rys.; Mississippi River Power Distributing Co. (V. 88. p. 999);
In 1909 sold the $7,400,000 Laclede Gas Lt. Co. oom. stk.
V. 88, p.1563.
V. 90, p. 301, 450.
The West Kentucky Coal Co., with $3,000,000 stock and an authorized
and controls the Milwaukee (Wls.) Lt. Heat A Trac.
$2,000,000
issue of $5,000,000 1st mtge. 25-year 5% bonds, of which
have
been issued, the interest being guaranteed, holds In fee, or by mineral
rights, over 28,000 acres of coal lands. V. 81, p. 35, 563,1176; V. 88, p.999;
V. 90, p. $01.
•*•
‘
'
*'
Notes.—-In 1907 $2,500,000 of a $5,000,000 Issue of notes were sold, se¬
$9,705,000 un. El. Lt. A P. Co. of St. Louis stock, additional
ooUatejral to be deposited, If necessary, to maintain the appraised value of
the pledged securities at all times at least 30% In excess of the par value of
the notes outstanding. In Feb. 1919 $84,000 of the notes having been re¬
cured by
i*
5 g
!*
Places Where Interest and
Dividends are Payable
r
Union
Trust Co, N Y
Uberty National Bk.N Y
Office, 15 Dear St, N Y
Now York A London
Metropolitan Tr Go. N Y
rr
‘
6*
1$09
1907
1895
1906
'««> ■» ■■*»«!
F
A A Aug I 1930
MAN May 1 1921
MAN May 1 1918
MAN Nov 1 1989
M A N May 11920
n
690.000
9184H)0
8,500,000 6 In
2,000,000 6 in 1909
1,225,000 6 In 1909
2,000,000
1,000.000
429,000
126,000
29,793,300
100
Northwestern Telegraph—First mortgage gold guar p & i.Eq
Ontario Power—First mtge 512,000,000 auth g s f red (text) c*
Ontario Transmission 1st mtg gu p A i red 110 to May *16 c*
Debentures 53.000.000 gold red 110 to July ’10
c
Sxes,
bond lat., $432,667;
$311,000;
L, sur.,
$53,514.
8,243,000
100
100
5®*0W,OOO (V 88. p 1850)
Preferred stock 6% cum 53.000,000 call In 1911 at 105
Pratt A Whit 0% eum pf stk gu to be called Jan 1 ’ll-----do do new 6% cum pref stock guar red Jan 1 1921...
Niles Tool Works 6% cum preferred stock not guaranteed.
■
15 *10
I 1932
1 1982
t 1911
1 1914
20 no
16 no
15 '10
4.197,500 See text See text
Various
or
10.000.000
„
Niles-Bement-Pond Co—Stock.com
Last Dividend
and Maturity
.■
(inii
.——
N Y4 N J Tel
NEW
N. Y.
NEW
N. Y.
NEW
155
INDUSTRIAL STOCKS AND BONDS.
Oot., 1910.]
A
A O
A
A O
MAN
M
2%
Winslow, Lanier A CO.NY
Winslow,Lanier A Co.NY
do >
- ' do
1H Ciie<0r»
"* do
1«
do
1H
Vh
do
80'io
do
Oot 1910
1H
Elk Go Nat Bk, Ridgwa
Feb 1 1934
Jan 2 1911 IK 30 Broad St, New Yor
do
,l
do
May 1 1912
Central Trust Go. Ohio
Jan 1 1915
do*'
do
Dec 1 1926
Merch Loan A Tr, Chic
1922
July
Central Trust Co, Chic ?
1932
July
West Un Teleg Oo, N Y
1934
Jan
CanNB of Com,Tor orNY
1943
Feb
do
,v
do '
1945
May
do
do
1921
July
Sept
See text
250,000
1,750,000
500,000
2,584,000
1.500,000
6.951,000
1.556,000
3,000,000
tired, the company offered to purchase $1,000,000 of the remaining $2,416,000 until further notice; $494,000 purchased to Sept. 1919.
V. 85, p. 1185,
1252, 1310; V. 88, p. 290; V. 90, p. 370, 450.
DIVIDENDS— 11903. 1904 to Sept. 1907. 1908. 1909. 1910.
1911.
J
Percent
5 (1 K Q.-Mar.)
4
0
3K
5 Jan.4 K
REPORT, Ac.—Report foryear ending Dec. 31 1909 (alsosubsld. cos.) m
V. 90. p. 301, 370, showed: Total Inc., $2,023,418; gen. exp., taxes. 6c.,
$237,463; dlv. (5%). $1,489,665: bai., sur., $290,290. On Dec. 31 1909
owned: Stocks, $21,584,938; bonds, $4,520,833; and bai. sheet showed loans
payable, none; loans and accts. receivable, $8,956,223; cash, $1,670,420. ’
DIRECTORS.—Edward Q. Keasbey, John I. Beggs, C. W. Wetmore,
J. B. Mortimer, Edwin M. Bulkley, Wm. Nelson Cromwell. G. R. Sheldon,
Charles F. P Aster, Festus J. Wade, F. S. S ml there, Adolphus Busch,
grecklnridge
Chas.
VogelJames
A. Coffin,
H. Mallory.
Huttig, F.Pres.,
Jr., C.
imp be 11, W. Jones,
J. Curtis,
Silas
H. R.
Campbell;
See.,James
Sheldon, 30 Broad St.—(V. 90. p. 870, 400.1
NORTHERN UNION QAS CO.—See Consol. Gas Co., N. Y. City.
NORTHWESTERN OAS LIQHT & COKE CO.—ORGANIZATION.—A
consolidation in Sept. 1902.
V. 75, p. 397, 665. Stock, $5,000,000.
V. 90, p. 1299.
Dlvs. April 1903 to July 1906, 1% quar.;- since to Oct.
1910, 6% yearly (1*% Q.-J.).
Nelson A. McCleary, Pres. Office, Chi¬
cago.—(V. 86, p. 1470; V. 90, p. 1299. 1682.)
W. Burt; Treas., Geo. R.
NORTHWESTERN TELEGRAPH.—Owns 10,000 miles of wire and Is
which guarantees dividends at 6% on
$2,500,000 stock (par $50) and p: A 1. on bonds. In 1910 control was
Guaranty, V. 79, p. 216.—(V. 90, p. 1365; V. 91, p. 1028.)
changed.
OGDEN QAS (CHICAQO).—See People’s Gas Light A Coke Co.
OMAHA WATER CO—ORGANIZATION.—Cap. stock, com., none; 1st
pref., 5% non-cum., $814,300; 2d pref., 5% non-cum , $858,000. In June
1910 the U. S. Supreme Court held valid the appraisal of the plant at
$6,263,295 under the ordinance of 190$ authorizing the city to purchase.
V. 90, p. 1494, 1617.
In Oct. 1910 the city offered its 4% bonds to pay
for the property, but no bids were received.
See V. 86, p. 941; V. 87
p. 170; V. 88, p. 1005, 1257; V. 91, p. 874.
Bonded debt: 5% prior Hen,
$1,262,000, due July 1 1916, consol. 5s, $3,543,000, due 1946, aU subject
leased to Western Union for 99 years,
to call at 105.
Pres., Theodore C.
Woodbury, New York; Sec., Howard Mansfield. New
York; Treas., Stockton Heth, Omaha, Neb.—(V. 91, p. 876.)
ONTARIO POWER CO.—ORGANIZATION.—Organized under special
charter of Canadian Parliament and is developing power plant on Cana¬
dian side of Niagara Falls below Horseshoe Falls; 78,000 h. p. Installed in
1909 and 36,000 h. p. under construction Sept. 1910.
Total development
to be 200,000 h. p.
V. 84, p. 1490; V. 85, p. 1522. Owns all the stock
of the Ontario Power Transmission Co. and guarantees Its bonds under
with option to purchase
Has contracted to sell
power to Niagara Loekport A Ontario Power Co.
V. 88, p. 1317; V. 89,
p. 352, 1415.
Contracts with Ontario Government and municipalities.
lease dated April 20 1910 and ending April 1 1950,
or renew the lease for 40 years.
V. 91, p. 720.
V. 88, p. 297;
V. 91,
p.
1028.
($12,000,000 authorized Issue) are limited to
$5,380,000 for the first 78,000 h. p. The Toronto General Trust Corporation is mortgage trustee.
Sinking fund, $1 per h. p. sold beginning July 1
1909.
Bonus are subject to caU at 110 on or before Feb. 2 1913.
In Jan.
BONDS.—The
1910
bonds
$5,289,000 1st M. bonds were outstanding and $1,700,000 were
sold
for delivery during 1910 as required, $40,000 being retired by the sinking
fund on Aug. 10 1910.
V. 80, p. 1427; V. 82, p. 632; V. 85, p. 226;
V. 86, p. 1413; V. 89, p. 532; V. 90, p. 306.
Ontario Transmission guar,
bonds ($2,000,000 auth.), V. 82, p. 395; V. 89, p. 352; V. 90, p. 306.
STOCK.—Stockholders on Oct. 30 1909 authorized an Increase Ip
the
$5,000,000 to $10,000,000, to Increase the company’s plant;
outstanding, $6,838,000; par, $100.
V. 89, p. 1071.
mos.
For 12
ending June 30 1910, incl. Ontario Transm., gross, $654,166;
net income, $548,461; bond Int., $429,588; bai., sur., $118,873.
OFFICERS.—Pres.. J. J. Albright; V.-P., Francis V. Greene; Sec. and
Office, Niagara Falls, Ontario; branch. Fidelity
Treas., R. C. Board.
Bldg., Buffalo. N. Y—(V. 91, p. 280, 399. 720, 792, 1028.
stock from
laws of
OTIS ELEVATOR CO.—Incorporated Nov. 28 1898 under the
New Jersey and took over about 13 plants. See V. 71, p. 545; V. 74, p. 271;
V. 75, p. 552: V. 83, p. 441; V. 91, p. 399.
Injunction, V. 82, p. 1326.
DIVIDENDS.—
11903-06.
1907-10.
On Common, %
3% yearly (A A O 15)
J2% yearly.
DEBENTURES.—The stockholders Mch. 21 1910 authorized an Issue of
$3,500,000 5% debentures to provide for the floating debt and additional
working capital and an increase In the common stock from $6,500,000 to
$10,000,000 to provide for their conversion.
Debentures are redeemable
April 1 1913 or any int. day thereafter at 102 * and convertible at any time
on and after April 11913 Into com. stock at par.
On or before April 11914
and yearly to 1919, ind., not less than $100,000 debs, are to be retired by
purchase or redemption.
No mortgage shall be placed on property or
assets of the company or Its subsidiaries.
V. 90, p. 562, 1106, 1175. 1 Real
estate mortgage, Elevenue Ave., New York, property, $210,000.
REPORT for year ending Deo. 31 1909, with balance sheet, In V. 90, p.
844, showed, net earnings over int. and renewals, $1,0)8.689; dlv. on pref.
(6%), 378,600; dlv. on Com. (3%), $191,259; charged off for depreciation,
$302,845: bai., sur., $115,895. .Office, 17 Battery PI., N.Y.—(V. 91, p. $09.,
PACIFIC COAST COMPANY. THE.—This co. controls the Pacific Coast
Steamship Company (owning its entire capital stock), which operates six
steamship lines (18 steamers) plying along the entire Pacific Coast from
Nome* Alaska, to Mexico. Also owns all the securities of the Columbia A
Puget Sound RR. (standard gauge), Seattle to Franklin, Wash., Ac., with
branches, 57 miles; the Pacific Coast Ry. (narrow gauge), Port San Luis,
Cal., to Los'OUvos, Ac., with branches. 90 miles; Pacific Coast Coal 0o„
owning Franklin mines, with 8,850 acres at Franklin, Wash.: Black Dia¬
mond mines, with 4,670 acres at Black Diamond, Wash.; Newcastle tables,
with 2,520 acres at Newcastle, Wash., and South Prairie mine, with 1,140
acres at Burnett. Wash.; and coal-handling plants at Seattle. Taeoma, San
Juneau and Nome, Alaska. (V. 68, p. 1048.)
DIVIDENDS.—Since 1905.
190$. 1907. 1908. 1909. F0. IM. May,Auo^Nof 10
Francisco add Portland, Ore.,
I*
Itf
tH
After 1% on‘second prefetled ancfoommOn, these*stocks shareequdny1.
EARNINGS.—2
..Gross.
431,714
July 1 to Aug. 31.
mos.,jltlO
11909
.Gross, $1,584,381!
1,807,300; net,
not, 0309,474
S
t
mos.
-
156
INDUSTRIAL STOCKS AND BONDS.
see notes on
Date
Bonds
first page]
Otis Elevator—Stock common $10,000,000
Stock preferred 6% non-cumulatlve
$6,500,000
Convertible debentures $3,500,000 gold red text.-Nxc*&r
Pacific Coast Co—Stock common $7,000,000 (see text)
First preferred stock $1,525,000
5% non-cumulatlve
Second preferred stock $4,000,000 4% non-cum
(see text).
First mortgage $5,000,000 gold
Ma.c*
Pacific Telep 4c Teles—Sunset Telep & Teleg first mortgage.
do
do
cons mtge red beg Oct 1013 at
105.OB
1st A coll trust M $35,000,000
g red 110 beg 1922 s f.c*&r*
Penn B Cr & E Coal—Ser s f gold bonds V. 84, p. 453 text-.S
Penn C & C—Cons 1st A coll tr M g s f (oth bds see
.c~
Pennsylvania Steel Co—Common stock $25,000,000 text)
Pref stock 7% non-cum $25,000,000
Bonds of Subsidiary Companies
Old Pennsylvania Steel first mortgage
currency
QP.r
Maryland Steel first mortgage currency
QP.r
Penn-Maryland Steel Co cons mtge $7,000,000 gold__GP.c*
Spanish-American Iron 1st M gold guar red text-.QP.c* &r
Collateral trust loan Cornwall
properties s f redeem (text).
Penn-Mary Coal mortgage gold guaranteed red. text __GP
Coke oven M due $150,000 yrly call 102 X (V
80,p 1975) -QP
Maryland Steel car tr bds g $60,000 due yearly call 105..
People’s Qas Light & Coke (Chicago)—Stock $35,000,000..
Fust consolidated mortgage for $10,000,000
gold
Ce.c*
Chicago Gas Light 6s Coke first mortgage gold
FP.c
.
Consumers' Gas first mtge gold (see V 66, p 472)
Lake Gas first mortgage gold
Ref M $40,000,000 g
Mutual Fuel Gas first mortgage assumed
Par
Value
$100
1,000
1910
100
100
100
1897
1893
1899
1907
1906
1903
1887
1892
1895
1907
1902
1909
1905
1902
1,000
1,000 Ac
500 &c
100
100
'
DIVIDENDS.—1896, 1%; In *97. 2%; ’98, 2X%; ’99, 3%; none
since,
surplus being invested In new vessels, dec. Stock
$20,000,000, par $100."
REPORT.—Report for 1909-10, V. 90, p. 1487.
Year ending April 30—
1910.
1909.
1908.
1907.
Steamships
$4,664,030 $4,513,767 $4,138,531 $4,659,046
Cent. Amer. Govt, transp—
15,180
15,180
15,180
15,180
MlSCeUaneous
174,164
135,997
182,601
165,019
Total earnings
$4,853,374 $4,664,944 $4,336,312
Net earnings
df.$214,577 df.$339,685 df.$428,817 $4,839,245
$130,404
Robert S. Lovett, Pres.; Alex. Millar,
Sec., William Mahl, Comp.; A. K
Van Deventer, Treas., 120
Broadway, N. Y.—(V. 90, p. 1487.)
PACIFIC TELEPHONE & TELEQRAPH
CO.—ORGANIZATION.—
Incorp. In California Dec. 31 1906 as an amalgamation
of the “Bell” system
on Pacific coast.
V. 84, p. 54, 163.
Stations In use Dec. 31 1909,
392,822.
Stock, common, $18,000,000, all outstanding;
pref., 6% cum. (also pref.
as to assets), $32,000,000
auth., outstanding $18,000,000. American
Teleph. 6s Teleg. Co. In May 1909 owned $9,027,200 each of com.
and pref.
Preferred dividends paid regularly, 6%
annum (Q.-J. 15).
BONDS.—Of the “first and coUateralper
trust” 5s of 1907
($35,000,000
authorized Issue; MercantUe Trust Co.,
San Francisco, trustee), $3,000,000
are reserved to take
up the Sunset Telephone 4s
Telegraph
Co.
5s and 6s
which are being reduced by
sinking fund, on retirement of which they will
be secured either directly or by
deposit of securities by a first Uen on the
entire system, and the $4,000,000
not used to retire the Sunset bonds, remaining unissued, together with any
may be used for extensions,
additions,
4sc., up to 66 2-3% of cost thereof.
Sinking fund beginning 1913 will retire
about 30% of entire amount by
maturity.
V.
88,
p.
825;
V.
90,
p. 854:
V. 90, p. 703, 774; V. 91, p. 720.
EARNINGS.—For 6 mos. ending June 30 1910,
$1,497,653; Interest, $761,828; pref. dlv. (3%), gross, $6,776,662; net,
$540,000; bal., sur.,
$195,825.
.
REPORT.—Report for
calendar year 1909, V. 91,
p. 152, showed: Gross,
net over lnt., 4tc., $1,843,528;
pref. dlv.
reserve for maint., $600,000;
$1,080,000;
bal., sur., $163,528.—(V.(6%),
91, p.
$12,885,018;
PENNSYLVANIA
720.)
BEECH CREEK
& EASTERN COAL
CO.—OR¬
Pennsylvania In 1906 with $5,000,000 of
authorized capital stock (of which
$2,250,000
Is
outstanding, par $100).
Had 999-year lease of Penn. Coal 4s
Coke Co., Beech Creek
GANIZATION.—Incorporated
in
Coal 4b Coke and
allied properties (V. 84, p.
453), and so controlled about 106,000
acres of
coal lands and surface, chieflv In
Blair,
counties, Pa.; collieries, railroads, electric Cambria, Clearfield and Indiana
light companies, Ac
of Penn. Coal & Coke Co. Include
Properties
stocks of Webster Coal 4b
Coke Co.
(V. 72, p. 884; V. 77, p. 513.)
Beech Creek Coal 4s Coke
Co. (V. 72,
p. 582; V. 78, p. 1910; V. 79,p. 1706), 8bc.
See also V. 77, p. 2102; V.
p. 1335.
79,
Contracts with N. Y. Cent., V. 77,
p. 2098; V. 79, p. 1335, 1435.
The Pennsylvania Beech Creek 4b
Eastern Coal Co.
having
defaulted
In
payment of the rental to the Pennsylvania Coal 4s
Coke Co., Thomas H.
Watkins was on Aug. 15 1908
receiver
appointed
of
the latter.
6% 2-yr. certificates, $1,250,000, dated Oct. 1
Receiver's
1908, were sold, ranking ahead
of the Penn. Coal 4s Coke consol. 1st and
coll, trust bonds to meet lnt. on
un¬
derlying bonds, taxes, 4bc. V. 87,
Int. on all underlying
bonds paid to Oct. 1910; Interest p. 483, 1162.
on Beech Creek Coal 4b
Coke 5s due
June 1 1910 paid July 1910.
V. 91, p. 216.
Committee for Penn. Coal A Coke Consol. Is*
A Collat. Trust
J. Hemphill, Sec.; Guaranty Tr.
5s.—Alexander
Co., N. Y.
jority deposited. V. 87, p. 483; V. 88, p. depositary. In May 1909 ma¬
1257;
V.
91,
p. 522.
Securities of Operating Cos.— Date.
Interest
Outstanding.
When Due.
Penn. C. 4s C. Co. com. stk_
$3,893,000
Pref. stock 6% non-cum.
3,768,000
Webster C. 4s C. 1st con. M. 1902
5 g M-S
3,000,000
March 1942
Penn. C. 4b C. 1st M., Ser .A, 11902
5 g J-J
1,200,000
July l 1932
g.. red. 105. s. f„ 3c ton./Int. at
Commercial
Trust
Co.,
Phlla., trustee.
Consol. 1st 4c oo 11. trust M__
See table above.
Chest Creek Land 4s Imp.11898
4 A-O
180,000
Oct. 1 1924
1st M
kjTo be retired $12,000 yearly.
Beech Cr. C. 4b C. 1st M.,11904
5 g J-D
June 1 1944
$3,000,000 g., gu. p. 4b 1. [Int. at Knickerbocker2,784,000
Trust Co., N. Y.,trustee
end., red. ($1,000 each))Sink, fund 3c.
per
ton;
minimum, $75,000
(V. 80, p. 1364)
c*J
V. 78,*p. 1910; V. 79, p. 1706.
Car trusts, $432,000; Pa. C. 4syearly;
C. consol., V. 77,
p. 2102; V. 82, p. 284.
EARNINGS.—Gross earnings of Pennsylvania Coal 4b Coke
Co. have
been about $8,000,000
yearly. V. 87, p. 483.
Pres., James Kerr; V.-P., T. H. Watkins;
Sec.
and
Treas.,
A.
G. Ed¬
wards.
Office, 17 Battery Place.—(V. 87, p. 483,
1162; V. 91, p. 218.
PENNSYLVANIA STEEL CO.—Chartered In N. J. on
April 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 stock of
Maryland
Steel
Co.
Thus con¬
trols plants at Steelton,
Pa., and Sparrows Point, Md., lncl. blast
annual capacity 850,000 tons
furnaces,
pig
Iron,
two Bessemer
plants,
000 tons,and two open-hearth
800,plants, capacity 800,000 tons capacity
of ingots, two
rail mills,
capacity 640,000 tons, a shipbuilding and a
(new plant V. 77, p. 773), a
bridge-building
plant
complete frog and switch-building plant, Ac.
Owns the entire $2,400,000
stock of the Spanish-American
Iron Co.,
shipping about 500,000 tons of ore annually,
and
of land near
Santiago, Cuba; also an extensive owning about 5,000 acres
property
of
about
acres on north coast of Cuba
28,000
near Nlpe Bay
.producing In March 1910 at the
rate of 500,000 tons
yearly. V. 76, p. 917; V. 77, p.
V. 85, p. 226, 288, 472; V.
1229;
V. 78, p. 1495;
86, p. 425, 484; V. 87,
Has also purchased an
p. 100; V. 90, p. 1236.
Interest of
Co., Lebanon Co., Pa., the Lebanon over 54% In the Cornwall Ore Banks
Furnaces, Lebanon, Pa., and $540,000
.
_
ft
1,000,000
2,000,000
4,000,000
4,539,000
6,450,000
5
5
« «
625,000
120,000
35,000.000
4,900,000
10,000,000
4,246,000
4X
7
in5lS 10
ie
5 g
300,000
15,400,000
5,000,000
A
&
Last Dividend
and Maturity
N Nov 1 ’ 10 3 X % Checks mailed
Nov 1 1917
Feb 1 1922
Philadelphia office
Sept 1 1925
do
Girard Trust
Oct
Philadelphia
Office, Philadelphia
July 1 1927
1 1932
Apr 1 1939
To June 1 1915
July 1 1911-12
Q—-F
Nov25’10 1 H%
A
6b O Apr 1 1943
6b
July 1 1937
6b
6b
6b
6b
2*
5 g
Places Where Interest and
are Payable
j Dividends
Oct 15*10 1X% Office 17 Battery PI, N Y
Oct 15*101 X%
do
do
New York
Apr 1 1920
Nov 1 *10 2X% Checks from Co’s office
Nov 1 *10 1 H%
do
do
Novi ’10 2H%
do
do
June 1 1946
Manhattan Trust Co, NY
July 1 1913
IWells-F, Nev NBk.SFr
Oct 1 1929
Old Col Tr Co.Bos or S Fr
Jan 21937
iU S Mtge A Tr,NY;&S Fr
Oct 1911-1945 Oct 1908 coupon not paid
Sept 1 1953
Sept ’08 coupon not paid
6b
6b
6b
6b
6b
6b
6b
6b
k e
5
g
8 g
1,932.666
1,000
1,000
PACIFIC MAIL STEAMSHIP.—In Nov. 1900 the
Southern Pacific Co.
acquired $10,005,000 of the stock (V. 71, p. 1015).
Payable
i*
1,000
1,000
REPORT for year ending June 30 1910, In V.
91, p. 1094, 1106, showed:
Gross of steamships and colliers, $4,174,391;
net, $422,995; raU lines, gross,
$863,257; net, $289,757; coal department, 6bc., gross,
$2,865,500; net,
$799,727. Total results In 1909-10 were:
Gross earnings
$7,903,148 Interest on bonds
$250,000
Oper. expenses and taxes. 6,390,669 Deprec., special reserve
240,204
Dlv. on 1st pref. (5%)
76,250
Net earnings
$1,512,479 Dlv. on 2d pref. (7tf %)___
310,000
Other Income
21,808 Dlv. on common (7 X %)
542,500
Total net Income
$1,534,287| Balance, surplus
$115,333
OFFICERS, 6sc.—Chairman of the Board and Pres., H.
W. Cannon;
V.-P. and Gen. Mgr., J. C. Ford, Seattle; Treas., John
Kean; V.-P., W. M.
Barnum; Sec. and Asst. Treas., Clifford C. Fay.
N. Y. office, 10 WaU St.
—(V. 89, p. 999, 1067,1088; V. 90, p.
171; V. 91,p. 1028, 1094,1106.)
When
%
o
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
Bate
$6,375,300 3 in 1910
6,310,000
6
3.500,000
7,000,000 See 5*
text
1.525,000 5 In 1910
4.000,000 See text
5,000,000
295,500
2,250,000
5
28,000,000
3.000,000
5 g
5.660,000
M
5g
10,750,000
20,587,500 7 in 1910 M
1,000
1,000
100
1893
1887
Ce.c 1886
IC 1885
F.c*&r 1897
1897
Amount
Outstanding
LXXXXI.
1
MISCELLANEOUS COMPANIES
[For abbreviations, Ac.,
[VOL.
Dec 1 1936
July 1 1915
Sept 1 1947
Nov 1 1947
Co,
Office, Philadelphia
Girard
Trust
Co,
Phlla
Phlla
Lawyers’ T 6b T Co, N Y
Central Trust Co, N Y
Cent Tr N Y; 6b Chicago
do
do
IU Tr 6b Sav Bk, Chicago
Central Tr, NY: 4c Chic
do
do
of $800,000 stock
Cornwall 4b Lebanon RR. V. 75, p. 345, 397; V.
72,
p. 1241, 1183; V. 73, p. 1364;
V. 74, p. 1312; V. 84, p. Ill; V. 89, p. 1672;
V. 90, p. 1236. Owns
Penn-Mary
Coal
Co.,
with
acres
16,000
of
coal In
Indiana County, Pa.
V. 82, p. 1100.
STOCK.—In June 1901 Penn. RR. and affiliated
roads purchased $10,000,000 each of com. and pref. stock.
V. 72, p. 678; V. 79, p. 1269.
In April 1910 $4,087,500
pref. stock was offered to stockholders of both
classes pro rata at par,
payable by Oct. 15 1910, raising the amount out¬
standing to $20,587,500. V. 90, p.
1106, 1175.
DIVIDENDS.—On pref. stock Nov. 11901
to Nov. 1910, lncl., 7%
yearly.
joint mortgage covers the
plants at Steelton, Pa.,
or the $1,000,000 stock of the
Maryland
to retire the prior liens.
Of the collateral trust 5s of
1902, not less than $100,000 nor more than
$500,000 may be called, at 105, at any Interest
period; sinking fund of 50
cents per ton of ore mined, but not
less than
The Spanish-American Iron Co. 6s of $150,000 yearly. V. 74. p. 1312.
1907 (originally $5,000,000, all
BONDS.—Consolidated
and
Sparrows Point. Md., and all
Steel Co.: $3,000,000 are reserved
Issued)
are
guaranteed, prln. A
Int., by endorsement; they are callable In
whole or in part at 102 X or for a sink, fund
of 30 cents per ton at par and lnt.
V. 85. p. 287, 350, 867; V
86. p. 1157; V. 88. p. 629, 1195. In
April 1909
$2,000,000 Penn-Mary 5% bonds, guar. prln.
4b lnt., were sold.
Bonds
are redeemable since
April
1
1910
for
sinking fund at 101 and at 102 X
out of other moneys.
V. 88, p. 1134, 1195; V. 89, p. 475.
REPORT for calendar year 1909, In V.
90, p. 1236, showed: Earnings of
operating companies over charges and
depreciation, $1,986,789, against
$1,260,854 In 1908; total receipts of Penn.
Co., $816,820; bal.,def., after
expenses ($34,447) and 7% dlv. on
pref. (lncl. 3H% paid May 1910),
$372,627.
Office. Phlla.; N. Y. office, 71 Bway.—(V. 90.
p.
1175,1286.)
PEOPLE’S QAS LIQHT &
COKE (CHICAGO).—An absolute consolida¬
tion on Aug. 2 1897 of the
companies forming the old Chicago Gas Trust,
V. 64, p. 1088; V. 65, p.
In Feb. 1907 the Ogden Gas Co. and
235.
the
Universal Gas Co. were leased for about 34
years, the Ogden Co.’s $6,000,000
bonds and other debts
being
guaranteed.
V. 84, p. 394; V. 78,
V. 72, p. 244, 91.
p. 1785;
In 1910
Gas Light A Coke Interests
control of Northwestern Gas People’s
Light 4b Coke Co. V. 90, p. 1682. acquired
PROPERTY.—In service January 1910: Street
mains, 2,484 miles;
meters, 496.615; public lamps, 17,630; V. 78.
p. 1501.
See V. 66, p. 382.
The price of gas has been fixed at 85
cents per 1,000 cubic ft. for 5
yean
from Feb. 1 1906.
The 75-cent gas ordinance of Oct.
1900 was
without prejudice to the
city’s right to maintain Its validity in repealed,
the Mills
suit (V. 78, p. 346; V. 82,
p. 574; V. 84, p. 342), the lower court
clared It Illegal.
having de¬
The U. S. Supreme Court affirmed the
decision of the lower
court in the Mills case.
See ordinance at length, V.
82, p. 574.
STOCK.—In 1909 $2,030,900 stock was sold at
par, raising amount out
to $35,000,000.
V. 88. p. 454. 689
DIVS.—11894. ’95. *96. ’97 to Nov. *05. *06. ’07.
’08. 1909.
1910.
Per cent_.j
6
2X IX
6 yearly
5
6
6
6 H
7
BONDS, Ac.—Of the $40,000,000 Issue of 1897
$29,046,000 bonds
were reserved to retire prior
bonds,
of which $9,600,000 has been Issued.
The balance ($10,954,000). of which
$5,800,000 has been sold, was Issuable
for additional property or betterments.
V. 65, p. 572; V. 79, p. 155: V.
84,
p. 1555; V. 91, p. 792, 876.
Guarantees, p. 4s 1., Ind. Nat. Gas A OH ref.
5s, V. 84, p. 388, 1430; V. 83, p. 1293; V.
88, p. 1317, 1433; form, V. 87,
p. 1302.
EARNINGS.—For 5 mos. ending May 31 1910, gross,
$6,490,953; net
(after depreciation), $2,259,476; bond
lnt., $795,542; dlvs. for 5 mo. at
7% yearly call for $1,020,833; bal., sur., $443,101.
V. 91, p.157.
REPORT.—Report for year ending Dec. 31 1909, In V. 90,
p. 446.
Years ending Dec. 31—
1909.
1908.
1907.
Gross Income
$14,561,589
$13,738,970
$13,146,368
Net over operating expenses.
6,056,992
5,516,345
5.172,742
Interest on bonds
1,909,300
1,884,300
1,810,550
Depreciation
1,034,588
876,351
843,409
Balance for stock
$3,113,104 $2,755,694 $2,518,783
Dividends
(6«)2,332,036 (6)1,978,146 (6)1,978.146
DIRECTORS.—C. K. G. Billings (Chairman), Geo. O.
Knapp (Pres.)
A. N. Brady (V.-P.), Walton
Ferguson, E. G.
officers, J. F. Meagher, W. P. Martin and John Cowdery (V-P.). Other
Williamson
W. S.
McCrea (Treas.). L. A. Wiley
(Sec.), W. M. Flook (Asst. (V.-P’s),
Sec.). Office,
54 Wall St., New York.—(V.
90, p. 1682; V.
91,
p.
157, 720, 792, 876.)
PHELPS, DODQE & CO.—(V. 90. p. 844; V. 91,
p. 280, 720.)
PHILADELPHIA CO.—See Pittsburgh, In "Electric
Ry.” Section.
PHILADELPHIA ELECTRIC
In N. J. on Oct. 5 1899. Controls allCO.—ORGANIZATION.—Incorporated
electric-light properties of Phlla., also In
West Phlla. and
V. 90. p. 1047.
Chester.
V. 73, p. 496, 680; V. 74,
p. 1249; V. 86, p. 977.
STOCK.—Authorized, $25,000,000 (of which $12,250 in
treasury); $15
(60%) per $25 share paid In, Including $2 25
paid March 1908 and $125
June 1 1908 (a $1 stock dividend
forming
part of March 1908 payment) and
$1 50 stock dividend paid March 1910. V.
86, p. 288; V. 90, p. 451.
DIVIDENDS on amounts’! 1902 to 1907. 1908.
1909.
1910
paid in
) 5 yearly.
5H
6
1 X 1 X 1 X (-)
Also extra paid In stock
(See above.)
$1
$150
BONDS.—CoUateral trust 4% 50-year
dated 1899, $14,982,200, were used to purchase $14,994,100 certificates,
of the $15,000,000 Penn.
L. A P. stock ($1,500,000
paid In) and aU the $17,500,000 Nat. Mfg.
stock ($4,375,000
Eleo.
paid In), the balance to be retained to acquire other
electric properties In Philadelphia and
adjacent
counties.
See V. 69, p.
797 and official circular
page 853 and official
statement V. 74, p. 1249.
Under agreement of Oct. 12 1899,
$2,000,000 old Phlla. Electric certifi¬
cates were purchased,
reducing
the amount outstanding to
V. 70, p. 331.
$11,268,060.
In Aug. 1900 purchased
$2,000,000 fours, the same being
as collateral for loans.
V. 74, p. 215.
REPORT.—Year ending Dec. 31 1909, with balance
sheet. In V. 90, p.
1042, showed: Total gross Income,
$5,489,903; operating exp. and charges,
$4,287,642; dividends (6%), $809,780; balance,
surplus, $392,481.
Pres.. Joseph B. McCall; Sec., A. V. R.
Coe;
Office, 1000 Chestnut St., Phlla., Pa.—(V. 90. Treas., Wm. P. Conover Jr.,
p. 451,1048.1047.)
PITTSBURGH COAL CO.—("RaU Coal ConsoUdation.")—
ORGANI¬
ZATION.—Incorporated In N. J. In Sept. 1899.
Owns about 150 coal
mines and
held available
160,000
acres
of coal lands in
or
within
radius of 40 mUee of
Pittsburgh, together with some 5,000 coal cars
operating over railroads
radiating from Pittsburgh. In 1910 purchased Shaw
Coal Co. formerlyleased.
See BONDS below.
V. 90,
See
p. 1494.
a
V. 78, p. 765, 1449.
Date
Bonds
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]
People’s das (Chic)—(Con)—Calumet Gas 1st mtge assumed 1892
Indiana Natural Gas & Oil ref mtge $5,000,000 gold guar.Ce 1906
F 1900
Ogden Gas first mortgage $6,000,000 guar prln A int
Philadelphia Electric—Stock $15 per share paid In (see text) _ .
1899
Phlla Electric trust certificates gold $17,600,000 (see text)
Edison Electric trust certs gold (Edison stock as coll)._FP 1896
1898
Old Phila Electric trust certs (Penn H L A P stock as coll)
Pittsburgh Coal—Common stock $32,000,000
Preferred stock 7% cumulative $32,000,000
P C of Pa 1st and coll tr mtge g gu red 110 s f.__UPi.c* Ar 1904
1910
P C of Pa 1st M $1,500,000 g guar red 102 K s f_.UPi.xc
Pope Manufacturing—Common stock.
Preferred stock 6% cumulative $2,500,000
Pressed Steel Car Co—Stock common $12,500,000—a—Q
Preferred stock (as to assets) 7% non-cum $12,500,000..G
First mortgage gold notes redeemable at par
G.c* 1901
Procter & Gamble—Common stock to be $12,000,000
Pref stock (8% cum) (See terms in editorial May *93 Supp)
1910
Serial gold notes due $300,000 seml-an, red text
Provident Loan Society—Bonds (not mtge) red 102 K (text) 1901
Pullman Company—Shock $120,000,000
Quaker Oats—Common stock $5,500,000
Preferred stock 6% cumulative $9,000,000
Railway Steel-Spring Co—Common $13,500,000
Preferred (as to assets) 7% cumulative $13,500,000
First mortgage on Latrobe plant gold red 105 s f
S.c*
Republic Iron & Steel—Common stock $30,000,000
Preferred 7% (also assets) cum (V 69, p 850) $25,000,000..
First & coll tr mtge, to be redeemed Oct 1 1914 at 105
*c
Sinking fund gold mtge $25,000,000 red text
Ar*
Cexc*
Par
Value
100
100
100
100
To
100
100
500 Ac
100
100
100
100
100
1,000
1,000 AcJ
Treas. is F. M. Wal¬
lace; Sec., F. J. Le Moyne, 32 Fifth Ave., Pittsburgh.—(V. 90, p. 1494.)
POPE MFG. CO.—ORGANIZATION.—Incorp. In Connecticut Dec. 12
1908 as successor of N. J. co., sold per plan V. 87, p. 350, 1360. Owns main
factory and the West works at Hartford (Conn.) and Westfield (Mass.)
plants.
SECURITIES.—Stock, authorized Issues, $4,000,000 common and $2,500,000 6% cum. pref. stock In $100 shares. The $800,000 6% mtge.
notes were paid at par in 1909.
Of the pref. stock, $201,800 and $309,200
com. stock to remain in the treasury.
DIVIDENDS.—On pref. stock, full 6% accumulated dlvs. paid Sept. 30
1909; thereafter 1 K% quar. to Oct. 1910. Com., 2K%, paid July 30 1910.
REPORT for year ending July 31 1910 In V. 91, p. 867, showed total ne 1
inc., $792,485: mlsc. disb’ts, losses, discounts, Ac., $47,094; pref. dlv. (6%)»
$137,892; com. dlv. (2K%). $92,270; bal., sur., $515,229.
DIRECTORS.—Harry Bronner, Fred. H. Ecker and Augusuts Heckscher,
Lewis H. Freedman, F. S. Smlthers, A. W. Pope, George Pope, Colgate
Hoyt, A. L. Pope.
Main office, Hartford, Conn. N. Y. office, 21 Park
Row.—(V. 89, p. 596, 781, 849, 915; V. 91, p. 42, 867.)
.
CAR
CO.—ORGANIZATION.—Incorporated
In
New Jersey on Jan. 13 1899 as a consolidation of the Schoen and Fox pressed
■teel equipment companies.
The company has plants at Allegheny, Pa.,
and McKees Rock, Pa., with a capacity of 150 freight cars per day, and
passenger car shops have a capacity of 750 steam or street railway cars per
annum.
Also controls (1) Western Steel Car A Foundry Co. (V. 74, p. 991,
835, 729; V. 80. p. 169), which has plants at Burnham, Ill., near Chicago,
and Anniston, Ala.; (2) Pennsylvania Car Wheel Co., with foundries at
Allegheny, Pa., with a capacity of 250,000 car wheels per ann.; (3) also the
Central Car Wheel Co. and the Penn. Malleable Co. (V. 84, p. 447).
DIVIDENDS.— 11899
1900 1901
1903 1904
To Oct. *10
1902
Common, per cent
5
j
6
4
4
3
None
Preferred, per cent
7% perannumd K% Q.-F.)
Equitable Trust Co, Ohio
July 1 1917
Q—J
Central Trust Co, N Y
Farmers L A Tr Co, N Y
Q—M Sep 15 1910 IK Checks mailed
Land Title A Trust, Phlla
J
J Oct 1949
A
A
A
O After Apl 11946 Fidelity Trust Co. Phila
Land Title A Trust, Phlla
A
A
O Apr 1 1948
MAN May 1 1936
F
A A May 1 1945
Checks matted
Union Tr Co, Pittsburgh
Union Trust Co, Plttsb’h
\ Farmers’ Bank Build-1
Aug 24*101 K% J lng, Pittsburgh, Pa j
Q—F
7,490,000
5 g
Guaranty Trust Co, N Y
Co.’8 Office, Cincinnati,O
do
do
Un Sav Bk A Tr Co, CIn
346 Fourth Ave, N Y
N Y, Chicago and Boston
Checks mailed
do
do
A Feb 1911
Q—F 15 Nov 15 ’10 3%
Q—J 15 Oct 15 ’10 2%
To May 1915
Q—F
MAS Sept 1 1921
Nov 15 ’10 2%
Q—F
Q—J 15 Oct 15 ’10 2 K
Nov 30*10 1K%
Q—F
A
A
O Oct 22 '08 1%
F
A
13,500,000 See text
Q—M
13,500,000 7 in 1909
J
A
J
5 g
3,945,000
27,191,000
See text
25,000,000
Q—J
O
A
A
5g
1,687,000
1,000
-
STEEL
5 g
2,700,000
4K e
2,000,000
120,000,000 8 In 1910
5,000,000 See text
9,000,000 6 In 1909
1,000 Ac
May‘1915
7
5 g
500.000
See text
12 in *10
2,250.000 8 In 1910
1,000
Bond
Balance,
Net
Depletion Deprec'n
Interest.
Surplus.
Earnings, of lands.
Charges.
$1,333,561
$3,356,414
$607,371
$675,817 $739,665
761,975
231,600
1909
497,788
2,187,306
695,943
REPORT.—For cal. year 1909, In V. 90, p. 694, showed: Net profits,
$3,448,394; royalty and deprec., $1,625,838; bond int., $1,012,458; bal.,
but., $810,098.
DIRECTORS.—M. H. Taylor (Chairman), W. K. Field (Pres.), C. E.
Wales (V.-P.), A. W. Mellon, Geo. T. Oliver, H. R. Rea, John A. Bell,
James H. Beal, John I. Bishop, Harry Bronner, Andrew J. Miller, C. M.
Underhill. Grant B. Schley, D. L. Gillespie, C. E. Wales, J. Dennlston Lyon,
PRESSED
12,500,000
100
100
1904
1910
Places Where Interest and
Dividends are Payable
Oct 25’10 IK
J
A
J Jan 1 1954
J
A
J Jan 1 1935
See text
See text See text July 30 ’10 2 K
Oct 31 ’10 1K.%
Q—J
See text
6 in 1910
Aug 30 ’04
1%
Q—F
12,500,000 See text
1,000 Ac
1,000
guar.\6 AAO
120,000 Oct. 1911-13
Jlnt. at Colonial Tr. Co., Pittsb., Pa.
and James B. Haines Jr.
$250,000
t5 *g
6,000,000
5 g
6,000.000
24,987,750 6 In 1909
15,014,142
i5 eg
1,994,300
5 g
11,268,060
28,104,600
27,071.800 5 in 1910
5 g
19,981,000
5 g
1,500,000
100
100
Nine
Months—
1910
William Flynn, J. C. Dysart
and Maturity
1,000
1906
268,100
Mortgages
Last Dividend
Payable
25
Ohio Coal Co
5 FAA
200,000
Feb. 1922
Pitts. Coal Dock A Wh 1st M., gu, pAl 5.4 MAN
$1,000,000 Nov. 1 1929
1., red. 102 K ($1,000 each)
jlnt. at Union Tr. Co., Pittsburgh,Pa.
Jan.
1912
100,000
Pittsburgh A Moon Run RR
6 JAJ
Car trust gold $52,000 due s.-a
4K g MAN 468,000
EARNINGS.—For 9 months ending Sept 30:
When
%
100 Ac
burgh Coal Dock A Wharf Co., guar, bonds (property at Duluth. Minn.),
see table below and V. 89. p. 1284.
In 1910 $1,500,000 Pittsburgh Coal
Co. of Pennsylvania 1st 5s were Issued guar, by the Pittsburgh Coal Co. of
N. J., to purchase Shaw Coal Co., owning about 3,300 acres of coal and
about 400 acres of land; sinking fund 10c. per ton, not less than $60,000
yearly. V. 90, p. 1494.
BONDED DEBT OF SUBSIDIARY AND CONSTITUENT COS.
Bonds—
Interest. Outstanding.
Maturity.
Northwestern Coal Ry, 1st M
5 g MAN $794,000
May 11923
Pitts. A Cas. Shan. Ry. (V. 87. p. 286) 5 FAA
128,105 Aug. 1911-23
Due $10,000 yearly.
None aue 1910. 1913, 1916, 1919 and 1922.
Pitts. A Chicago Gas A Coal Co
5 JAJ
35,000 Jan. 1911-14
A1., due $40,000 yearly;
Bate
1,000
1,000
K.y 1919;
V. 86,and
p. canceled.
424. To V.
Jan.82,1 p.1910
of bonds
acquired
sink, fund
389;$5,019,000
V.83, p.327;
p.683.
Pitts¬
V.88, was
Mansfield Coal A Coke 1st M..
Amount
Outstanding
$1,000
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 A Coke Co. at $15 and $45 per $50 share, respectively.
Payment was made for the common In non-interest-bearing notes paid onethird Nov. 3 yearly for 3 years and for the pref. In installments to July
1910 equal to 6c. per ton of coal mined from the Monongahela properties.
Application to fist, showing prop., stock, rights, Ac. V. 80, p. 1919.
DIVIDENDS.—On pref., 1900 to Oct. 1903, 7% yearly in cash: on
Jan. 25 1904,1 K% in scrip (paid off Nov. 25 1904): Apr. 1904 to Apr. 1905,
Incl., 1K% quar.; 1906 to 1909, none; 1910, 5% (Q.-J.).
BONDS.—The $25,000,000 first and collat. 5s of 1904 Issued by the
Pittsburgh Coal Co. of Penn, are guaranteed, principal and interest, by
the Pittsburgh Coal Co.
They are a first lien on 160,000 acres of coal lands
and 13,000 acres of surface, and by collateral trust on 7,000 acres of Hock¬
ing Valley coal and 8,400 acres of Pittsburgh coal held under leases and
deposit of all securities owned. Sinking fund of 5 cents a ton on run-ofmlne coal, with a yearly minimum of $600,000.
Coupon bonds or registered
bonds Issued In exchange therefor are to be called first (at 110) In numeri¬
cal order, beginning with the lowest number.
See V 78. p. 1965: V. 86,
p.
157
INDUSTRIAL STOCKS AND BONDS
OCT., 1910.]
A
A
NOTES.—In April 1910 sold
but callable on a 4K%
other lien can be placed
p. 1562; V. 83, p. 498.
Harvey Fisk A Sons,
do
do
do
do
Sep20 1910 IK
Jan
1 1921
NY
Oct 1 ’10 1 K% General Office,Plttsburgb
New York Trust Co, NY
Oct 1 1934
O Oct 1 1940
seml-an.81,
$3,000,000 5% notes, due $300,000
basis, for extensions, additions, Ac.
No mtge. or
during life of notes. V. 90, p. 1047, 1106; V.
Office, Cincinnati.—(V. 91, p. 1098.)
PROVIDENT LOAN SOCIETY OF NEW YORK.—See page 166.
(THE) PULLMAN CO.—On Jan. 1 1900 the Wagner Palace Car
Co.
In 1908
506. In
$3,000,000. V. 88,
p. 1317. In April 1910 Inter-State Commerce Commission ordered reduction
of certain rates, but the Court In July 1910 granted an injunction pending a
sold its assets to The Pullman Company, representatives of the
bilts entering the board of directors.
V. 69, p. 854: V. 70, p. 40.
began building steel cars. V. 84, p. 697; V. 87, p. 1163; V. 90, p.
May 1909 Improvements were ordered costing about
Vander¬
V. 90. p. 1047, 1617, 1682; V. 91, p. 157, 280.
REGULAR CASH DIVS. \ ’77-’80. ’81-*83. ’84-’98. '99. ’00 to Nov.,
Since 1877 (%)
I 8 y’ly. 9 K y’ly. 8 y’ly. 6 K
8
Also In 1898 and 1906 and to stockholders of record April 30 1910 (last
20%) extra dividends to distribute surplus assets. V. 67, p. 75, 789.
902; V. 83, p. 1174, 1233; V. 90, p. 451, 506, 854.
re-hearlng.
10
yearly.
840,
REPORT.—Report for 1909-10 was In “Chronicle” Oct. 2*.
Years ending July 31—
1909-10.
1908-09.
Earns, frdm cars,
mfg. profits, Ac..$38,880,805
Operating expenses
$20,839,570
Depreciation of cars, Ac
3.761,502
Paid other sleeping car associations.
346,236
Dividends on capital stock
8,798,996
Net surplus for year
$1,790,568
$2,949,131
$5,134,501
1907-08#
$33,801,156 $31,620,241
$18,517,341 $18,001,759
3,794,323
3,362,238
541,290
££7,320
7,999,070
7,998,356
DIRECTORS.—Robt. T. Lincoln (Pres.), John S. Runnells. Henry O.
riulbert. Norman B. Ream, Wm. K. Vanderbilt, J. Pierpont Morgan,
Frederick W. Vanderbilt, W Seward Webb, John J. Mitchell. Chauncey
Keep, George F. Baker.—New York, 15
QUAKER OATS CO.—See page 165.
Broad St.—(V. 91, p. 280.)
RAILWAY STEEL-SPRING CO.—Incorporated in
New Jersey on Feb.
25 1902 as a consolidation.
V. 74, p. 382, 482. In June 1902 purchased
the Steel Tired Wheel Co.
V. 66, p. 185; V. 72, p. 444; V. 74, p. 1041,
1200; V. 75, p. 80.
Total capacity steel spring plants, 156,000 tons;
tired wheel plants, 85,000 wheels; tire plant, 90,000 tons.
steel-
DIVIDENDS on pref., 1K% quar., paid June 1902 to Sept. 1910, Incl.
Com., 2% April 1904; 1905 to 1907, 4% yrly.; 1908, 3%; none since.
BONDS.—In Nov. 1905 the Latrobe Steel Co. was acquired, $4,500,000
5% 15-year bonds being Issued, a first lien thereon, but not a lien on other
properties.
Annual sinking fund, $135,000.
V. 81, p. 1496, 1726; V.
82, p. 51; official statement, V. 84, p. 100.
REPORT for cal. year 1909 In V. 90, p. 694, showed: Gross. $7,843,293;
net over deprec’n, $1,866,461; Int. on Latrobe bonds, $202,702; dlv. on pref.
(7%), $945,000; bal., sur., $718,759; total, sur. Dec. 31 1909, $2,989,701.
V.-Ps., F. F. Fitz¬
Chairman, J. E. French; Pres.,
— :
patrick, A. S. Henry; Sec., M. B. Parker;
SO Church St., N. Y.—(V. 91, p. 522.)
REPUBLIC IRON & STEEL
Office,
Treas., E. McCormick.
CO.—ORGANIZATION.—Incorporated
In N. J. May 3 1899 to consolidate 29 plants making bar and forge Iron.
Also owns 9 blast furnaces, Bessemer steel plant, mining properties lnMesaba range, extensive Iron and coal lands In Alabama, Ac.; coke plants at
Republic and Acheson, Pa., and Thomas, Ala. (See V. 71, p. 545.) For
properties, V. 68, p. 674; V. 70, p. 228; V. 71, p. 454; V. 77, p. 455; V. 79,
p. 1480, 1702; V. 81, p. 1562; V. 83, p. 1035; V. 84, p. 342; V. 87, p. 1303.
Guarantees $1,475,000 Haselton Steel Tube Co. 3-yr. 5% notes due Apr. 15
1912, but sub. to call at par. V. 88, p. 1005; V. 89, p. 527; V. 90, p. 300, 376.
In Nov. 1906 Republic Iron A Steel and Tenn. Coal A Iron jointly guar¬
anteed $700,000 5% bonds of Potter Ore Co.
V. 83, p. 973, 1417.
STOCK.—In Aug. 1909 $4,583,100 pref.stk.was sold. V.89,p.290,533.
Oct. ’99 toOct.’OS. 1904. Oct. ’05 to Apr.'Q8. 1909.
1910.
Pref. Dlv..
7% yearly.
0
7
7% yearly.
3K
Also account of def. dlvs., Jan. 1906,1 K %>* April 1906 to July 1907, 8%
yearly; July 1909, K %: 6K % declared in full to July 1 1909, payable K %
Oct. 1 1909 and 1 % each Oct. 1 from 1910 to 1915 Inclusive, v. 89, p. 230.
BONDS —The sinking fund 5s of 1910 ($25,000,000 authorized Issue)
will on retirement of the 1st 5s of 1904, which are to be called and retired at
105 on Oct. 1 1914, become a first lien on the entire property.
In 1910
offered to purchase the old 1st M. 5s at 105 or give In exchange par In new
bonds and 5% In cash.
In June 1910 there were outstanding $1,687,000
old 1st M. 5s and $7,490,000 new 10-30-year 5s.
The bonds are callable
for
a
sinking fund beginning April 1 1911
(minimum amount $250,000)
and also on and after April 1 1920 as an entire Issue at 105 and Interest
Of the new bonds, $10,000,000 have been sold to retire the 5s of 1904 and
for general purposes, $1,475,000 are reserved to take up a like
Haselton Steel Tube Co. guaranteed notes due April 15 1912,
from time to time after Jan. 1 1911 at the cumulative rate of not exceeding
amount of
$2,000,000
$500,000 yearly and the remaining $11,525,000
for Issue after Jan. 111011.
execution of the mtge. for acquisitions and better¬
V. 90, p. 451, 703, 854, 1048.)
REPORT.—Report for year ending June 30 1910 was In V. 91, p. u • ,
showing net profits after dep’n, Ac., $2,902,916; dlv. on pref. (7%), $1,669.-
for expenditures after the
ments under e trlctlons.
REPORT.—Report for year ending Dec. 31 1909, with bal. sheet, was
499, showing profits (Incl. sale of Canada Car Co. stock), $1,-
796; bal., sun, $1,233,120.
DIRECTORS.—John A. Topping (Chairman), G. Watson Frenqh, Tracy
W. Guthrie (Pres.), J. B. Duke, Earl W. Oglebay, Edw. J. Berwlnd, Harry
Bronner, John W. Gates, John F. Harris, Grant B. Schley, John Lambert,
PROCTER & GAMBLE CO.—Formed In 1890 under laws of New Jersey
candle, oils and glycerine business; reincorporated In
Ohio In 1905, V. 80, p. 655. 1916.
In 1903-04 built a new plant in Kansas
City, Kan., costing about $1,000,000. V. 76, p. 1196. Plant on Staten
Island, N. Y., was completed In Feb. 1908. V. 81, p. 1243,1562; V. 83,p.498
In 1910 purchased plant of D. S. Brown A Co., New York. V 90, p. 1047.
STOCK.—In 1909 $1,500,000 new stock was subscribed by stockholders
at par.
V. 88, p. 381, 886. The stockholders will vote Nov. 22 1910 on
Increasing the authorized common stock to $12,000,000, the $1,500,000
Dec. 27 1009 and acquired by merger the Buffalo A Susquehanna Iron
stock: also purchased certain real estate In Buffalo and the South Buffalo
Canal A Dock Co., and Is building two blast furnaces and ore docks.
The
Buffalo A Susquehanna Iron Co. owned at South Buffalo, N. Y., two
blast furnaces having a capacity of about 700 tons of pig Iron dally, and
leased for 50 years ore lands In Mesabe range, near Hlbblng, Minn., and in
Menominee range at Iron Mountain, Mich., also leaseholds on ore lands at
Iron River, Mich.
Company mines Its own coal and manufactures its own
coke from coal lands leased at Tyler and Sykes, Pa, Stock auth.,$5,000,000.
In V. 90, p.
954,583; deprec., $120,000; pref. dlv. (7%), $875,000; bal., sur., $959,583.
In 1908, profit on operations, $265,478; In 1907. $2,907,920.
DIRECTORS.—F. N. Hoffstot (Pres.), Adrian H Larkin (Sec.), James
A. Blair, James H. Reed, A. S. Matheson, T. H. Given, James N. Wallace,
F. G. Ely. C. W. Friend
N.Y office, 24 Broad St.—(V. 91. p. 948.)
to carry on soap,
stock to be offered pro rata,to common stockholders of record Dec. 10
1910 at $200 per share, payable between Dec. 12 and 311910. V. 91, p. 1098.
1 *91. ’92 to ’97 iucl. *98 to ’00 1901 to Nov. 1910
DIVIDENDS.—
On common
J
12 per cent. 20 yearly *12 yrly (Q.-F.)
8
•
Also extra dividend of 14 2-7 % paid Jan. 2 1904 and 25 % Dec. 1905.
new
_
„
.
_
Oakleigh Thorne and Harry L. Rownd.
H. L. Rownd Is Sec. and Treas.
Main office, Henry W. Oliver Bldg., Pittsburgh; N. Y. office, 115 Broad¬
way.—(V. 90, p. 1048; V. 91, p. 586. 1098.)
RHODE ISLAND-PERKINS HORSE SHOE CO.—See page 165.
ROGERS-BROWN IRON CO.—ORGANIZATION.—Incorp. In N. Y.
Co.
Applications to list were In V. 83, p. 101, and V. 85, p. 1524^
Stock authorized, $5,000,000.
BONDS.—The “flrstand refunding” 5s of 1910 ($8,000,000 authorized
Issue) will be secured by a first lien on the new furnaces to be constructed
and a direct Hen on all the remaining property, and by a sinking fund
INDUSTRIAL STOCKS AND BONUS.
MISCELLANEOUS COMPANIES
lFor abbreviations, Ac., sec notes on first page]
Par
1909
1908
JUIU
_
ft|l
fitor ft Pittsburgh Coal & Iron—First mtge gold
f..c
Safety Car Heating & Lighting—Stock ($10,000,000)
St total Union Stock Yards—Sterling priority loan
First mortgage..
Sears. Roebuck & Co—Common stock $30,000,000 authorized
Preferred stock 7% cumulative (text)..
Siegel Stores Corporation—Common stock
Pref stock 7% cum $2,000,000...
Singer (Sewing Machine) Manufacturing—Stock $60,000,000
Sioss-Sheffield Steel & Iron—Common stock $10,000,000...
Preferred (as to assets) 7% non-cumulative
$10,000,000.
Slosa Iron & Steel Co first mortgage gold
Ce
General mortgage gold subject to call at par
Ce
Somerset Coal—Stock $4,000,000...
First mortgage $4,000,000 gold redeemable 110 sinking
fund
South Yuba Water Co.—See “Electric Ry. Section."
Spring Valley Water—Stock $28,000,000
General (now first) mortgage $28,000,000 gold
Standard Cordage—First mortgage gold redeemable 105.Eq
Adjustment (income) mortgage $2,500,000 (see text)Ta
1.000
1.000
1,000
1898
1902
1910
1902
1906
.
1887
1888
1906
1906
216,670
10
a.^8'***
£&*
,
l)i%
Quar. paid Oct. 1906 to Oct.
ioio. 7% ax%, q.-f.).
eiids
Dec ?!• Report for year
showed gross
1910, both
ending Dec, 81
sales, less goods returned, $51,011,536;
6123,969; cost of purchases, all expenses, repairs,
6609.375; com. div. (4K%). $1,350,-
e2oa» retSi.**4o!l4J 8«8. r ye“ end"*1 ,U“ 80 ,90,> er0“ Mles’ lesa
-
Street, New York
28,000,000 2 In 1909 Q—M
18,773,000
J
A
D
2,805,373
A
A
O
2,471.686 Up to5%
5*
Dec 1 1923
Apr 1 1931
Apr 1 1931
N Y, San Fr A Fran-on M
Oct. ’09 coup pd Mch *10
R. W. Sears; Pres., Julius Rosenwald; V.-P.
Higgins.—(V. 90, p. 714, 1048.)
CORPORATION.—ORGANIZATION.—Incorporated
SILVERSMITHS CO.—(V.
87. p. 100; V. 90, p. 451. 1048, 1106.)
V. 90, p. 1494.
Dividends—
*01. ’02. ’03. *04 ’05.
Since 1900(%) 7
9K 12
31
13
’06. ’07. ’08.
1909.
1910.
8
15 5-5-10-10
11
10-3 3 (-)
Douglas Alexander; V.-P., Edwin H. Bennett.
Office, 149
Broadway, New York.—(V. 83, p. 270; V. 90, p. 1494.)
SLOSS-SHEFFIELD STEEL & IRON CO.—ORGANIZATION.—
Incorporated to New Jersey. See prospectus, V.
69, j>. 280; V. 70, p. 1099;
V. 71, p. 185. 545; V. 72.
p. 779; V. 76. p. 059; V. 87, p. 352.
Stock,
$3,300, 000 preferred Is reserved for future requirements.
See listing,
V. 70, p. 1200, showing properties,
rights of preferred shares, Ac.; also
V. 72, p. 774- V. 78. p. 1177; V. 81,
p. 1324.
DIVIDENDS on preferred April 1900 to Oct. 1910.
7% yearly (Q.-J.),
Pres.,
7% declared for 1909.
Div. on com.. In 1905 5% In cash and to Oct.
33
l-3%ln com.stock ($2,500,000); Apr. 1906 to Mch.
1908, lncl., 5 yearly;
June ’08, 1%; Sept., 1%; Dec., 1%; 1909,
Mch., 11H%:
H%: June, 1)4%:
Sept., 1M%; Nov. 30,1X% and H% extra to Iuallze the div.
rate for the
three quarters to 1908, when 1% was paid;
191(
ich., 1 X%: June, IH%;
Sept., Ui%.
EARNINGS.—For 6 mos. ending May 31 1910, profits, $582,399,
agst.
$777,979 in 1908-09; total charges, $114,000; pref. div.,
$234,500; bal. for
com. stock, $214,099.
REPORT.—Report for year ending Nov. 30 1909, given to V.
856, showed net above deprec’n Ac., $1,336,947; bond tot., 90, p. 093,
$210,000;
div. on pref. (7%), $469,000; div. on com.
(5%), $500,000; surplus, $157,947.
Total surplus Nov. 30 1909, $3,279,522.
Pres.,
J.
C.
Maben; Sec.
and Treas., E. L. Morris, Birmingham,
Ala.—(V. 91. p. 280.)
SOMERSET COAL
In Pennsyl¬
vania Dec. 20 1901.CO.—ORGANIZATION.—Incorporated
V. 81, p. 1497.
Coal mined in 1908, 1,424,266
tons.
The Consolidation Coal Co. owns the $4,000,000
stock.
V. 88, p.
1317; V. 78, p. 1272. Dividend, 2%, paid Feb. 1 1904; none since.
Bonds,
see above.
V. 78, p. 1272: V. 88, p. 382.
Report for year ending Dec. 31 1908 in V. 88, p. 1000, showed: Gross
earnings, $1,736,797; net, $340,370; other income, $71,903; charges,
$266,365; bal., sur., $145,914.
Pres., C. W. Watson.
Office, Baltimore,
Md.—(V. 86. p. 725, 1341) V. 88, p. 382, 751, 1000, 1317.)
SOUTHERN & ATLANTIC TELEGRAPH.—Leased to Western Union for
999 years from Oct. 1 1876 (which owns $390,475 of
the $949,050 stock) and
stock guaranteed by rental 5%, payable A. A O.
by Treasurer West. Union.
SOUTHERN NEW ENGLAND TELEPHONE.—(V. 91, p. 522, 965.)
SOUTHERN IRON & STEEL CO.—(V. 90. p. 774; V. 91, p. 407, 657.)
VALLEY WATER CO.. SAN FRANCISCO.—ORGANIZA¬
TION.—Successor Sept. 24 1903, per plan V. 76,
p. 216, 977, to Spring Val¬
SPRING
ley Water Works. V. 78, p. 827. Suit, V. 82. d. 574; V. 84.
Aug. 1906 an assessment of $3 a share was levied on the stock. p. 577. In
V. 83, p.
327, 498. 704.
Municipal plant voted Nov. 1908. V. 87, p. 1360.
The offer to sell was rejected In Jan. 1910.
V. 90, p. 241, 113, 56.
Of the gen, gold 4s ($28,000,000 authorized
Issue; union Trust Co. of San
Francisco, trustee), $3,000,000 have been Issued for
Improvements and to
take up $359,000 old water-works bonds.
In Dec. 1905 $13,975,000 were
sold to refund the $13,616,000 prior bonds
Sept. 1 1906 and $525,000 for
Improvements. The remaining $10,500,000 are
applicable for acquisitions
and Improvements equal in cost to at least
85% or value of bonds. V. 78,
p. 992: V. 81, p. 1726; V. 82, p. 164; V. 87,
p. 1482.
DIVIDENDS.—
11903. 1904. 1905. 1906. 1907. 1908. 1909. 1910.
Per share
J 21c. $1.89 $1.89 $1.26 0
$1
$2
x
1910, March, June and Sept., 50c. each.
REPORT.—Report for
calendar year 1909 to V. 90* p.
1295, showed:
Total Income, $2,770,975; net, $2,064,660; taxes and
mlscel., $$43,803;
bond tot., $714,360; deprec’n and
contingent funds, $380,000; divs. (2%),
$560,000; bal., sur.. $66,497.
OFFICERS.—Pres., W. B. Bourn; Sec., John E. Behan; Treas., Bank of
California.
Office, 375 Sutter St., San Francisco.—(V. 90,
p. 1295.)
STANDARD CORDAGE CO.—ORGANIZATION
.—Incorporated to
1906. V. 81. p. 1726. Owns Sewall A Day
Mill, at Boston
(Alston), Mass.: also the Waterbury and Morgan Ave.
mills at Brook¬
lyn, N. Y.; none operated Apr. 1910; also two partly
dismantled,
and stock
($50,000) of Cannabis Mfg. Co., owning the Boston Mills to
Boston
Chelsea mills,
n
Vail A Sons
Boston, and” Wall
mills Brooklyn,
Sons”mills,
yn. have been
see V. 73, p 614; V. 81.
p. 1726; V. 90. p. 114.
Stock out, $2,759,785.
>ru
id Sept. 1909
N. Y. Apr.
sold)*
1910 coupons
begun in May 1910 to the
Federal courts.
On Sept/24 1910 Clarence H.
Kelsey
was
appointed re¬
ceiver by the State Court In
voluntary dissolution proceedings. V. 90,
p. 1048, 1428; V. 91, p. 877.
A protective committee, Charles E.
Orvls,
Chairman (P. J. O’Brien, 36 Wall St., N.
Y,, Sec.), was formed.
_
V.
,
4>*%;
1909 to V. 90, p. 369,
mal,lTed
SINGER (SEWING MACHINE) MFG. CO.—ORGANIZATION.—
Incorporated In 1873 In New Jersey under special
Act.
Plants are located
at Elizabeth, N. J.;
Kilbowie, near
St. John, Que., Ac.
In
Jan. 1907 the Wheeler A Wilson Mfg. Glasgow;
Co. was merged. V. 83. p. 270.
Stock, $60,000,000, having been Increased In Dec. 1900
by 200% stock
dividend and to June 1910 by 100% stock
dividend, capitalizing surplus.
V. 71, p. 1224, 1273;
x
Stock, $2,000,000; par of shares, $100. Bonds, see
table above.
Year ending Dec. 31 1908, gross,
$337,559; net,
bonds, $110,297: bal., sur., $82,031. Pres., Wm,$192,328; Interest on
Maglvny; Sec. and
Treas., A. A. McKechnle. Office, South St. Paul,
Minn.—(V. 75, p. 613.)
SAN FRANCISCO OAS & ELECTRIC CO.—See "Electric
Railway Sec.”
SEARS. ROEBUCK St CO.—ORGANIZATION.—Incorporated in
New
York June 16 1906. Conducts retail mall order
business in Chicago.
V. $3. p. 629,41. Statement to New York Stock
Exchange,
showing prop¬
erties owned, rights of stock, Ac.
V. 84, p. 1246; V. 90, p. 240,
STOCK .—Common stock, $30,000,000 all
outstanding; par, $100. Pre¬
ferred, see table above. Preferred stock Is also
preferred as to assets and
cannot be increased or
mortgage (other than purchase money mortgage)
created without the vote of three-fourths of
each class of stock.
Entire
preferred stock or pro rata portion
may be redeemed at 125. No dividend
shall be paid on common stock until
$1,000,000
at least has been set aside
as surplus profits and not in excess of
4% until an additional $l,50O.OO0has
been set aside. V. 84, p. 1246.
In Nov. 19Q9 $750,000 pref stock was
purchased and canceled, $1,200,000
to all (original Issue
$10,000,000) having been retired. V. 89,
p. 925,
1286: V. 90, p. 714.
DmDgNDS.-Pref
«
SIEGEL STORES
9
site.
36 W
In Delaware on June 161909 and took
over,per plan, V.88, p.l 563, the Siegel,
Cooper A Co. of Chicago and Simpson-Crawford
Co. and the Fourteenth
Street Store of New York.
Common stock, $8,275,000; par, $100; pre¬
ferred. see table. First dividend on preferred
stock, 1 H%, paid Nov. 1
1909; 1910, 7% (quar.). First div. on com.,
2H%, paid Mch. 17 1910.
V. 90, p. 714.
Mtge. debt of three stores, $1,200,000. Office, 311 Sixth
Ave., N. Y.—(V. 90. p. 714; V. 91, p. 721.)
141,471
6666666
4X
Pres., F. J. Boselly; Treas., John Morris; Sec., W. L.
Garey. Office,
Royal Bldg., William and Fulton Sts., New York.—(V. 90,
p. 774.)
RUBBER GOODS MANUFACTURING CO.—ORGANIZATION.—
Incorporated in N. J. Jan. 26 1899, and acquired all of the stock of
the
Mechanical Rub. Co., owning Itself, or. through the
latter, the entire stock
of New York Belting A Packing Co.,
Stoughton Rubber Co., Fabric Fire
Hose Co., Chicago Rubber Works and Cleveland Rubber
Co., the Peerless
Rubber Mfg. Co., Hartford Rubber Works Co.,
India Rubber Co.,
Indianapolis Rubber Co., American Dunlop Tire Co., New
Brunswick
Tire Co,, the Sawyer (cotton) Belting Co., Morgan A
Wright, Ac.
These companies manufacture all classes of
rubber goods, except boots
and shoes, principally bicycle and solid and
pneumatic vehicle tires, fire
hose, garden hose, air-brake hose, steam hose,
belting, packing, hard
rubber goods, druggists’ sundries, rubber
thread, Ac.
All except about $200,000 of the
$16,941,700 common stock and all
except $3,413,900 of the $10,351,400 pref. stock has been
acquired by the
U. S. Rubber Co. V. 84, p. 342, 866; V. 82,
p. 1105; V. 81, p. 159.
DIVIDENDS.—On pref., June 1899 to Sept.
1910, 7% per annum
(1 H% Q.-M.).
On common, 1900, 2%; 1901,
3%; 1902 to 1905, none;
1906. 1%; 1907, 1%; 1908, 4% (Q.-J.); 1909, Jan., 1%;
1910. Mch., 1%.
BONDS.—The bonded debt of companies controlled consists
of:
$732,000 Mechanical Rubber Co. 1st
sinking fund gold 6s, due Jan. 1
1918; $453,475 N. Y. Belting A Packing 1st mtge. sink,
fund deb. 6s, due
Jan. 1 1918, subject to call at 110. of which
$252,685 held by Mech. Rub. Co.
General Rubber Co. bonds ($9,000,000
auth.) are guaranteed, p. A 1., by
Rubber Goods Mfg. and U. S. Rubber cos. V.
81, p. 36, 901.
REPORT.—Report for year ending Dec. 31 1909, V. 90, p. 1236, showed:
Net, $2,296,462; dlvs., $963,489; surplus, $1,332,973.
OFFICERS.—Pres., Elisha S. Williams: V.-P., Chas. A. Hunter and
Lester Leland; Sec., Samuel Norris; Treas.,
Thomas H. Lee.
New York
office, 42 Broadway.—(V. 90, p. 1236.)
SAFETY CAR HEATING & LIGHTING
CO.—ORGANIZATION.—
Incorporated In 1887 in New Jersey., Manufactures
“Plntsch” light ap¬
paratus, which, Dec. 31 1909, was in use on 35,388 cars
In the United States,
Canada and Mexico; in the world, on
165,000 cars and 8.000 locomotives.
DIVS.— '98-00.
1901.
’02. ’03. ’04. ’05. ’06. ’07. ’08. 1909.
1910.
Cash (%)._8y’ily HAlOstk. 9
12
12
17
18
13
9
9
8
In July lu07 a 100% stock div. was
paid.
REPORT.—Report for year ending March 31 1905 in V. 80,
p. 2218.
Calendar year 1909, combined net
earnings of
and Plntsch cos. were
$1,178,802; surplus after deprec’n ($263,754)Safety
and dividends, $216,211.
Directors include: Robert Andrews
(Chairman), R. M. Dixon (Pres.),
Wm. Barbour, A. C. Soper, Wm. A. Read,
H. H. Wehrhane, O. 0. Gayley,
E, M. Bulkley and E. LeB. Gardner, R.
Parmly, Austin Lathrop, J. P.
Soper, A. H. Calef, A. B. Hepburn. N. Y.|offlce,
2 Rector St.—(V. 85,
p. 1406; V. 91, p. 522.)
1
iA*
OFFICERS.—Chairman,
$582,065 $30,919 $647,697 $496,396
$285,653
Wm. A. Rogers, Pres.; S. M. Clement,
V.-P.;
and Gen. Mgr.; H. D. Carson, Sec.; Wm. T. Hugh Kennedy, 2d V.-P.
Shepard, Treas.—(V. 90,
p. 56. 113, 774, 1176.)
ROYAL BAKING POWDER CO.—ORGANIZATION.—A consolida¬
tion Incorporated in Feb. 1899 under the laws of N.
J.
Controls American Maize Products Co. V. 86, p. 550. See V. 71, p. 545.
DIVIDENDS.) ’00. ’01. ’02. ’03. ’04. *05. ’06. ’07. ’08. ’09. To Sept’10
Common
V 8
8
8
8
8
8
10
10
10
.
1910 to 1912
Hay 1 1946
Aug 1 1932
IS
Hfanover Nat Bank,” if Y
1% Chec
and Treas., Albert H. Loeb;
Sec., John
Surplus
666
lSlO
„
1902
of 25 cents per ton on upwards of 20,000,000 tons of
Iron ore.
Of the
Issue, $4,500,000 has been sold, $500,000 Is reserved to retire
$500,000 Buff. A Susq. 5s to be outstanding June 1 1932
(the sinking fund.
It Is stated, will have redeemed the remainder of the
Issue), $1,500,000 to
retire $1,500,000 B. A S. debentures, and $1,500,000
for future add’ns and
Improvements. The bonds will be paid at par and int., plus a premium of
2l±% Jan. 1 yearly from 1913 to 1940 Inclusive. V. 90, p. 56, 113, 774.
The B. A S. 1st 5s are sub. to call as an entire Issue
at 107 hi, also at par
for sinking fund In 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 lncl.
$100,000 redeemed in June 1907 to 1910, leaving $2,600,000
outstanding.
As to the debentures, see V. 82, p. 220; V.
85, p. 1524.
Earnings Buffalo A Susquehanna Iron, Year ending
April 30.
1910.
1909.
1908.
1907.
’06(10mos.)
Net earnings
$792,482 $246,336 $868,114 $713,066
$427,124
Bond interest
210,417
215,417 220,417
J
&V&1512
Oot 15 '10
329*500
1,750.000 4 in
75.000
988,000
1.849,000
4,500,000
KZ
2,600,000
1.500.000
6 ff
10.000,000 See text
10.000,000
6
9,862,000 9 in 1909
211,950
5
A
Places Where Interest and
Dividends are Payable
Sept 30’10 H%
1,000
—
Maturity
100
1,000
100
100
100
£10 Ac
—
and
A
O
1.994,000
5
A
AO
100 30.000,000 7 In 1910
Q—F
100
8.800.000 7 in 1910
Q—J
100
8,275,000 See text See text
100
2.000.000 7 In 19 0 See text
100 60,000,000 See text
100 10,000,000 See text
Q—M
100
6,700,000 7 in 1910
Q_J
2,000,000
3 g
F
A
A
2,000,000
g A A O
100
4,000,000 See text See text
1,000
3,543,000
5 g
F
A A
1,000
1,000
1896
1886
—*
When
Payable
do
do
Jan '13-Jan '40 Bankers’ Trust Co, N Y
June 1 1932
New York Trust Co. N Y
Jan
1 1926
Knlckerbker Tr Co, N Y
Checks mailed
Sept 3010 3%
do
Sept 3010 1 H%
Oct 11910 2% By check
Oct 1 1936
London, England
Oct 1 1916
N Y, Lon and South St P
Nov 15 *10 1 H
Oct 1 *10 1«% Checks mailed
Mch 17 10, 2 K
Nov 1 1910 IH
Sept 30 ’10 3%
Sept l’lO, lh% Central Trust Co, N Y
Oct 1 ’10 1 H%
do
do
Feb 1 1920
do
do
do
Apr 1 1918
do
Feb 1 1904 2% Checks mailed
Feb 1 1932
Guaranty Trust Co, N Y
500 Ac
-
Rate
%
$1,475,000
.
100
1888
Amount
Outstanding
$1.6
vu,000
sCe.c*
vetia porch money mortgage gold
sinking fund
First mot
>rtgage Of 1902 $2,000,000 gold red 105 s f—G.c*
Rogers-Brown fr Co- -1st Aref M $8,000,000 g red 102 H Ba.c*
Buff & Susqueh Iron—1st M $3,000,000 g red (text) N.xc* &
Debens $1,500,000 gold red 105 aft Sept l9lO_K.xc*Ar
Royal Baking Powder—Common stock $10,000,000
Preferred stock $10,000,000 8% cumulative.
Preferred
_
Value
[VOL. LXXXXI.
EARNINGS.—Report for year ending
30 1909 to V. 90, p. 235.
showed deficit under charges of $231,334. Sept.
OFFICERS.-T'-Chairman of Board, James B. Clews; Pres., Sec. and
Treas.. James G. Hurty.
Office. 45 South St.—(V. 91. p. 877.)
f
STANDARD MILLING CO.—ORGANIZATION.—Incorporated to New
Jersey on Oct. 31 1900 as successor of the U. S. Flour
Milling Co., per plan
to V. 70, p. 284; V. 71,
,
p.
185, and owhs directly or through
subsidiary corn-
Date
Bonds
MISCBLLANEQ US COMPANIES
[For abbreviations, Ac., see notes on first page]
Standard Milling—Stock (preferred 5% non-cumulative)
First mortgage gold sink fd $6,250,000 (see text) „„—...
Standard Oil—Stock $100.000,000
---Sunday Creek—Sunday Creek Coal first mtge gold assumed..
K ABC * 01st Mggu by Hook Vail RR red 110 after 1911
Cent Coal 1st M g gu by Hock Vail RR s f'06 red 110aft’12S
Collateral trust mortgage
159
INDUSTRIAL STOCKS
Oct., t9io.]
gold s f (other bonds text). .Ce.c*
Swift ft Co—Stock $60,000,000.
1900
$100
1,000
1892
1901
1902
1905
1,000
1,000
1,000
1,000
Amount
Bate
When
Outstanding
%
Payable
}■
100
1,000
100
100
1,000
1,000
1,000
SI
1,000
1,000
1,000
100
1910
1,000
1905
1902
1908
1,000
1,000
1,000
1890
100 Ac
100
100
panics mills in Minneapolis, Duluth, West Superior, Milwaukee, Buffalo.
See
Syracuse and New York; total dally capacity, 47,000 barrels of flour.
V. 75, p. 1252; V. 63, p. 873. 929; V. 69, p. 29, 1010; V. 71, p. 817; V. 84,
S.ones-Jewell
Milling Co..
takenV.over
May
697,11752.
1902.
1372;Incorporation
V. 85. p. 923,of1082.
Hecker697. Properties
84. p.
STOCK AND BONDS.—Stock, all outstanding, common, $4,600,000;
pref., 5% non-cum., $6,900,000. Of the 1st 5s, $2,278,000 Is reserved to
retire at par the $1,448,000 Hecker-Jones-Jewell 1st 6s and $630,000 North¬
western Consolidated Milling 1st 6s (see V. 70, p. 283).
Places Where Interest and
Dividends are Payable
ln5lSlO
100
500 Ac
._.
$5,000,000 gold call since July 1810
AC 1900
Temple Iron—Stock $5,000,000 guaranteed (see text)......
Mtge A coll tr bonds $15,000,000 ggusf (see text)..0.c* 1899
Tennessee Coal, Iron & RR Co—Stock oom $50,000,000 auth
Preferred stock 6% cumulative
—
Birmingham Ala Div con M g s f 1 % not drawn
Ce.c* 1887
Tennessee Div bonds g s f 1 X% yearly not drawn...Ce.c* 1887
Tennessee Coal, Iron A RR gen mtge g $15,000,000.Un.c* 1901
Alabama Steel, A Shipbuilding preferred 6% cum guar
First mtge gold guar s f reg red 110 since Jan 1907. _Ma 1898
Cahaba first mtge $1,100,000 g gu s f red at 110
Ce.c* 1892
Potter Ore 1st M $700,000 g guar Jointly (text) sf H share 1906
Last Dividend
and Maturity
Office 49 Wall St, N T
$6,900,000 See text A A O Oct $11910
Metropolitan Tv Co. N Y
M A N N6V 11930
5 g
3,174,000
98,338,300 40 in^oo Q—M Sept 15*10 6% 26. Broadway, New York
.GuarantyTrust 00. NY
J
A D Dec 1 1912
283,000
U P Morgan A Co, N Y
J
A
J July 1 1951
5g
2,822.000
do
do
F
A A Feb 1 1952
5 g
2,046,000
do
do
J
&
J July 1 1944
3,695,000
Oct 3 1910 1H New York and Chicago
Q—J
60,000,000
J July 1 1914
J
A
|N Bk of Rep; N Y A Ohio
5,000,000
I July 5 1910 3% Guaranty Trust Ob, N Y
J
A
2,500,000
do.
do
J
&
J July 1 1925
636,000
Q—F N<*v 11907 1% Office, Birmingham, Ala
32,528,657 4 In 1907
do
do ’
11908
2%
8
Q—F Feb
124.500
71 Broadway. New York
J |Jan 11917
J
A
3,997,000
do
do
A
A O Jan 11917
1,107,000
do
do
J July 11951
J
A
7,081,000
100
First mortgage
Texas Co—Stock $36,000,000 authorized
1st M notes gold due $300,000 y’ly red par
__c*
Union Bag ft Paper—Pref stock (as to assets & div) 7% cum
First mortgage $5,000,000 gold red 105 sinking fund.Ta.xc*
Union El L & P, St Louis—1st M g (other bds text)..MSt.c*
Ref A extM $50,000,000 g red 110 begMay*18.Ba&MSt.xc*
Union Ferry—Stock
First mortgage gold redeemable at 110 since Nov 1 1895..
Par
Value
S*
J July 11910 3%
J July 1 1930
D Deo 1 1922
D Dec 11923
5 g
27.000.000 See text Q-M 31 See text
J Jan 1 1912- 21
J
A
3,000,000
Oct 15 *10 1%
Q—J
11,000,000 4
J
J July 1 1930
A
3,239,000
5 g
MAS Sept 1 1932
6,202,000
MAN May 1 1933
5 g
5.500,000
See
text Jan 151910 1 h
3,000.000 See text
MAN Nov 1 1920
5 g
1,200,000
193,000
730,000
892,000
329.500
!*
„
lnlSlO
J
J
J
J
A
A
A
A
do
do
do
do
do
do
Hanover Nat Bank, N Y.
Checks matted
Lawy<ers Tit Ins ATrJNY
Checkc from Co’s offloe
17 Battery Plaoe, N Y
New York or St Louis
New York
Company’s Office, Bklyn
Com Exchange Bk, N Y
STOCK AND BONDS.—The certificates of beneficial Interest
stock were retired Dec. 31 1906 and the stock distributed among the
oads.
Bonds are secured by stocks of properties owned and are
to call by sinking fund of 15 cents per ton on coal mined at
they are guaranteed, but severally In different
above named.
Bonds for $11,000,000 are reserved for
In tbe
various
subject
110 and Interest;
proportions, by the railways
additions. V. 71,
1124, 1170; V. 75, p. 926.
V
OFFICERS.—Pres., Geo. F. Baer. Philadelphia. Pa.; V.-P. and Treas.;
A. F. Law, and Sec.. A. M. Bingham, Scranton, Pa.—(V. 78, p. 2015.)
TENNESSEE COAL. IRON ft RAILROAD COMPANY.—ORGANIZA¬
DIVIDENDS—
\ '03. *04-’06. ’07. *08. ’09.
1910.
steel tall mill, blast furnaces, coal mines, Iron mines, foun¬
On preferred
%J 1 2 y’ly.
3 3 H 3 J^Apr., 1
Oct., 2 TION.—Owns
dries, Ac., In Tennessee and Alabama. V. 70, p. 558; V. 84, p. 1179., In
REPORT.—Report for year ending Aug. 31 1910, with balance sheet, In
July 1906 re-purchased Birmingham Southern RR., 26 miles. V. 83, p. 42;
“Chronicle” Oct. 29, ^ Nov.showed Income for year, $771,435;lnt.on bonds,
V. 84, p. 1179.
in 1906 Tenn. Coal A Iron and Republic Iron A Steel 00s.
$159,517; div. on pref. stock (3%), $206,821; balance, surplus for year,
jointly purchased about 1,800 acres of Iron ore lands near Birmingham,
$405,097; total surplus Aug. 31 1910, $3,031,496.
jointly guaranteeing $700,000 Potter Ore 5% bonds. V. 83, p. 1416, 973.
On Nov. 30 1899 the Alabama Steel A Shipbuilding Co. plant was opened
OFFICERS.—Pres., Brayton Ives. 1st V.-P., A P. Walker; 2d V.-P., W.
at Ensley City.
B. Sheardown: Sec. and Treas.. J. A. Knox. Office. 49 Wall St., N. Y.—
The plant has ten open-hearth furnaces of 50 tons each and
a capacity of 1,000 tons of steel billets and slabs dally, and Is leased to the
(V. 87, p. 815,1086, 1092; V. 89, p. 781, 1071,1222; V. 91, p. 877.)
Tenn. Coal Iron A RR. Co., which guarantees Its $1,100,000 6% bonds
STANDARD OIL CO—ORGANIZATION.—This company was lncorand $440,000 6% pref. stock, of which nart in treasury.
V. 70.p. 591.
The common stock, all owned by Tenn. Coal, Iron A RR. Co., carries con¬
qutdating trustees the properties of the former Standard Oil Trust organ¬ trol. V. 66, p. 1002, 1235; V. 67, p. 127, 801; V. 70. p. 1196; V. 72, p.
ized in 1882 (V. 68, p. 1227; V. 69, p. 28; V. 83, p. 1293).
In 1909 had
In Nov. 1907 the United States Steel Corp. acquired all but about $225,about 113 subsidiary companies, domestic and foreign, their total share
000 of $32,541,000 com. stock, giving $11,904 70 In bonds for $10,000 stock;
capital aggregating $229,963,195. See V. 88, p. 372; V. 85, p. 216, 790;
V.85, p.1212, 1282: V. 86. p. 730. In Dec/09 U. S. Steel Corp. had expended
V. 83, p. 1293; V. 89. p. 1355.
Also see V. 88, p. 808; V. 87, p. 1303, $6,500,000 for lmp’ts and appropriated $7,000,000 additional. V.89,p.l673.
170, 100; V. 86, p. 1046, 984, 289; V. 84, p. 808; V. 83, p. 1294.
DIVIDENDS.—On common In 1887, 1%; In 1900. 6%: 1902 to 1904,
Business consists in producing, purchasing, piping, refining and selling
May 1905 to Nov. 1907, both lncl., 1% quar.: none since. New
petroleum all over the United States; also exporting same in Its own vessels none;
throughout the world. The country’s total production of crude oil In 1905 stock 1906-08, V. 82, p. 284, 396; V. 83, p. 1294* V. 85, p. 923, 1406.
was 135.000.000 barrels, but not over one-sixth of this, it was stated, came
BONDS.—Of the $15,000,000 gen. gold 5s of 1901, $10,654,500 were re¬
from wells owned by the Standard Oil Co. and Its affiliated concerns.
Tbe served for existing bonds bearing6 and7% interest (of which $3,337,100 had
pipe lines and 18 refineries of the several companies. It was alleged, handled been issued in Feb. 1910), and tne balance for Improvements. V. 72, p.876,
in 1904 84% of the country's output of crude oil and produced 86M% of
940, 989; V. 73. p. 86, 554, 1117; V. 77, p. 93, 2162; V. 80, p. 169. There
the output of illuminating oil [Director Archbold said 70 to 75% of the
were also Nov. 1 1907 $826,386 purchase money obligations secured by
refined oil. V. 82, p. 809—Ed.] and about the same proportions of the other
Blrm. Southern RR. stock, and bills payable $1,634,312.
V. 86, p. 730.
finished products of petroleum.
V. 82, p. 1105; V. 84, p. 1252.
REPORT.—Net promts for 1907, after $437,667 for deprec’n and extraor
STOCK.—It has long been reported that a large Increase In the capitali¬
replacements and $885,552 for net int. charge on bonds and floating debt
zation Is contemplated whenever times are propitious In order to make
were $1,426,684. See U. S. Steel Corp. report, V. 90, p. 777; V. 86, p. 73 0
the amount of the share capital correspond approximately with the total
DIRECTORS.—George G. Crawford (Pres.), Elbert H. Gary, W. E.
value of assets.
Corey, W. B. Dickson, W. J. Filbert, Richard Trimble, Thomas Murray,
In Nov. 1909 the lower Federal Court In the Government suit ordered the
Frank H. Crockard.
V.-P. and Gen. Mgr. Is Frank H. Crockard; Sec. and
dissolution of the company for violation of anti-trust laws. Re-argument
L. T. Beecher, Birmingham, Ala.; Asst. Sec., Thomas Murray, 71
of appeal In U. S. Supreme Court set down for Jan. 3 1911.
V. 83, p. Treas.,
1233, 1293; V. 89, p. 1416; V. 90, p. 1048, 1366; V 91, p. 1040.
A favors Broadway, N. Y.—(V. 86, p. 672; V. 89, p. 1673; V. 90, p. 307.)
TEXAS COMPANY—ORGANIZATION.—Incorporated
In
(THE)
ble decision was rendered In March 1909 on re-trial of the Gov’t suit against
Texas April 7 1902 and Is engaged in the transportation, refining and dis¬
the Standard Oil Co. of Indiana on the charge of rebating.
V. 88, p. 690.
tribution of petroleum and Its products.
Owns about 1,048 miles of pipe
DIVIDENDS.— ’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05-’09.
1910.
lines reaching Texas, Oklahoma and Louisiana oil fields, 4 refineries at
Percent
33
30 33
48 48 45 44 36 40 y ly. To Sept. 30
Tulsa, Okla., Port Arthur, Dallas and Port Neches, Tex. (near Beaumont),
1909, March, 15%; June, 9%; Sept., 6%; Dec., 10%.
In 1910, Mch., and
one building at Bayonne, N. J., tank steamers, barges, Ac.
V. 88,
15%; June, 9%; Sept., 6%.
p. 831; V. 86, p. 606; application to list, V. 91, g. 960.
EARNINGS.—For last statement (for 1906) see V. 88, p. 790.
STOCK.—Stockholders voted Nov. 18 1908 to Increase the stock from
OFFICERS.—Pres., J. D. Rockefeller; Vice-Presidents, J. D. Archbold,
$12,000,000 to $18,000,000, to provide for conversion of $6,000,000 deben¬
J. A. Moffett, C. M. Pratt and William Rockefeller; Treas., A. C. Bedford;
tures (all but $3,000 converted Sept. 1910), Ac.
V. 88, p. 825, 831 1442;
Sec., Walter Jennings.
Office, 26 Broadway, New York.
V. 89, p. 1144, 1286, 1416.
Stockholders voted May 28 1910 to Increase
the authorized stock from $18,000,000 to $36,000,000, of which $2,000,000
DIRECTORS.—J. D. Rockefeller. William Rockefeller. H. M. Flagler,
has been sold. $9,000,000 was distributed June 30 1910 as a 50% stock
J. D. Arch bold. H. M. Tllford. C. M. Pratt, O. H. Payne. H. C. Folger Jr.,
dividend; remainder reserved for future purposes. V. 90, p. 1366* 1494,
E. T. Bedford, C. W. Harkness, J. A. Moffett, A. C. Bedford, Walter Jen¬
1618.
Divs., 12% yearly to June 1910; Sept. 30 1910, 2 H%; and in June
nings and W. C. Teagle.—(V. 90, p. 1494; V. 91, p. 965, 1040, 1098.)
1909 5% extra and In June 1910 50% in stock and other extras.
See
SUNDAY CREEK CO.—ORGANIZATION.—Incorporated in New Jer¬
V. 91, p. 960.
sey June 30 1905, acquiring Sunday Creek Coal Co. (acreage owned In Ohio,
In 1910 sold $3,000,000 1st M. 6% serial gold notes.
V.
91,
p.
532.
16,300; leased, 250); also leasing properties allied to the Hocking Valley
REPORT.—For year ending June 30 1910 (V. 91, p. 963), gross earnings
Ry., viz.: Kanawha A Hocking Coal A Coke Co. and Continental Coal Co.
(owning together 59,500 acres In W. Va. and Ohio), for 39 years, assuming from sales, Ac., $9,848,770; net, after interest and taxes ($374,222), $3»911,793; insurance reserve, sink, fund and deprec’n, $1,248,921; divs.
all interest charges for their first mtge. bonds, and the Buckeye Coal A
(12%), $1,562,872; bal., sur., $1,100,000.
.
■
Ry. and Ohio Land A Ry. (24,350 acres) for 25 years at rental of $100,000
Pres., J. S. Cullinan, Houston, Tex.; V.-P., Arnold Schlaet, N. Y., and
yearly and royalty on coal mined.
Total acreage leased, 84,100; owned,
E. C. Lufkin, Houston; Sec., James L. Autry; Treas., R. E. Brooks.
N. Y.
16,300.
In June 1908 the Hocking Valley Ry. divested Itself of ownership
office, 17 Battery Place.—(V. 90. p. 1618: V. 91, p. 517, 532. 877,960. 965.)
of the company* the stock being transferred to the Central Trust Co. of
New York,, to be held In trust and re-conveyed If commodity clause of
TEXAS ft PACIFIC COAL.—Owns 60,000 acres of coal lands in Texas.
Hepburn law Is finally held to be unconstitutional. V. 87, p. 815. In May
Business consists of mining coal and manufacturing coke, brick* Ac.
1909 the Hepburn law was held to be Constitutional, but construed favor¬
Stockholders voted April 20 1910 to Increase the authorized stock from
ably to the railroads. In Apr. 1909 the Ohio lower State Court held alleged
$2,500,000 to $3,500,000.
No announcement as to Issue of new stock
oontrol by Hock. Vail, to be Illegal. V. 88. p. 1135. Application to list,
made In July 1910.
showing properties, Ac., In V. 83. p. 160-2; see also V. 84. p. 106. Stock
DIVS.— ’06 to J’e *08 Sep.*08 Dec.’OS Mch.*09 June ’09 Oct ’09 1910.
authorized, $4,000,000; outstanding. $3*751,200; par, $100.
Percent. 6 yearly
2 scrip
1H
1H
2 stock
2 6(1HQ-J)
BONDS.—The collateral trust 5s of 1905 are secured by deposit of cer¬
Pres,, Edgar L, Mars ton, 30 Broad St., N. Y.—(V. 90. p. 118.)
’**
tificates of beneficial Interest representing the entire $3,250,000Cont.Coal
000, of which $1.$79,400
stock and $3,230,000 of the $3,250,000 Kan. A H. C. A C. stock. $12,000
pref.; “Supplement” Apt.
of the bonds being reserved to retire the remaining $20,000 stock.
A
/ 1907, InclT, 2% quarterly;
sinking fund of $35,000 and Interest on all bonds previously retired will be
1908, none; 1909. Oct. 25. t%; 1910, 4% (Q.-J. 25).
,
^
used to draw bonds by lot at par July 1 yearly,
In July 1902 $518,728 4% funding certificates (int. payable J. At. 10)
REPORT.—For year ending Mch. 31 1909, V. 89, p. 221, showed; Net,
were
issued
fund
44%
accumulated
assenting
pref.*
to
the
dividends on
lat¬
$610,675; jut., sink, fund, lmp'ts, Ac., $773,616; bal,, def., $162,942.
ter being made 8% non-cum., per plan V. 74, p. 1256.
The certmcatesare
OFFICERS.—Pres., E. A. Cole; V.-P., S. O. Galley; Treas., Harry J.
subject
to
call
for
non-cumulatlve
sinking
fund
of
$25,000
yearly,
begin¬
a
Reese.
Office, 44 East Broad St., Columbus, Ohio.—(V. 90, p. 1618.)
ning Jan. 1903. payable out of net profits, If any, over Int. on oertfs. and div.
SWIFT & CO.—ORGANIZATION.—Incorporated in Illinois April 1
on pref.; to Jan. 1910 $107,158 were purchased and canceled.
Int, on
1885.
Has packing plants at Union Stock Yards, Chicago; at South
certs, paid to July 1910, Ind.
V. 75, p. 81. 1208, 1258.—(V. 89. p. 1071.)
Omaha, Kansas City, East St. Louis, South St. Joseph, South St. Paul and
UNION BAG ft PAPER CO. (THE).—ORGANIZATION.—Incorporated
V. 81, p. 1854.
Fort Worth.
In New Jersey on Feb, 27 1899 as a consolidation.
V. 68, p. 33, 430; V. 69,
STOCK.—Stockholders
iwuo purchased
yui<
oi
vun.owuttuumcm In
in 1906
$15,000,000 new stock at par p. 182; V. 71, p. 545; V. 82, p. 937; V. 84, p. 866; V. 8. p. 977; V. 88,
Dlvs
tQ
luci8%;
1Q5
1804^
and in 1909 $10,000,000.
V. 88, p. 1
p. 1066; rights of stock, Ac., V. 66. p. 675.
Preferred, see table above.
1895 to July 1898, inch, 6%; Oct. 1898 to Oct. 1910, 7%, Bonds, see table.
stock.—com., $16,000,000; par, $100.
DIVIDENDS.—
(1899. 1900 to 1905. 1906.
1907 to 1910.
p.
Rorated under the laws of New Jersey in June 1899 and took over from
584.
_
.
.
Louis
dividends (7%). $4,025,000; bal„ sur.. $4,000,000. Pres.,
F. Swift;
V.-P., Edward E. Swift; Treas., L, A. Carton: See.. D. E. Hartwell.
Office, Chicago.—(V. 88. p. 629: V. 90, p. 114, 165; V. 91, p. 721.)
342.)
TEMPLE IRON CO.—ORGANIZATION.—Incorporated in 1873 In Penn¬
sylvania* and to Mch. 1899 purchased anthracite coal properties around
Scranton, Pa. V. 69, p. 231. Controlled by Del. Lack. A W;. Cent. RR.
of N. J., Reading Co„ Lehigh Valley, Brie and N. Y. Susq. A west., which
guarantee both stock and bonds. V. 71, p. 1124, 1170; V. 78, p. 2015.
SYRACUSE LIGHTING CO.—(V. 90, p. 508, 632, 918;
V. 91,
p.
Ort preferred, per cent., 1 3H
6H
4 yearly (Q.—J.)
7 yearly. ...
BONDS.—As to bonds of 1905 ($5,000,000 auth.), see V. 80* p. $402;
V. 81, p. 269. 564; V. 87 < p. 1667; V. 88, p. 1201.
Bonds
from
3,600 upward are tax-free In New York In owners' hands*.. V# 91, p* 99.
Other bonds assumed, $250,000; purchase obligations* $543,33$*
, .
nutfcbe&d
REPORT.—Year ending Jan. $1 1910, with bat.
912, showing: net earns., $1,055,400; Int. on hoods
sheet, was in V. 90* p.
A notes, $304,611; 41v.
pref. (4%), $440,000: sink.fund, depvee., Ac., $267,530; bal.* $153,258.
OFFICERS.—Chairman of Board, L. G. Fisher; Pres., Edgar G, Barrett;
V.-Ps., J. A. Kimberly Jr.. 0. T. Elliott; Treas., E. S. Coleman; seb., 0. R.
on
_y
McMiUen.
Offloe, 17 Battery Place, N. Y.—(V. 91, p. 99.)
160
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEOUS
[For abbreviations, Ac.,
COMPANIES
first page]
Date
Bonds
see notes on
Union Steel—First A coll mtge $45,000,000
g gu s f__N.c* Ar
Union Stock Yards of Omaha—Stock $7,500,000
Union Switch & Signal—Common stock, to be $4,500,000—
Preferred stock (see text)
First cons M ($29,000 due 1911, $28,000 In 1912)
Union Typewriter—Common stock
First 7% preferred stock cumulative
Second preferred stock 8% cumulative
$6,000,000 auth—
United Bank Note Corporation—Common stock $5,000,000..
Preferred 6% cumulative $5,000,000 (also as to assets)...
United Box Board—Stock $15,000,000 authorized
Gen mtge $2,750,000 g red
par s f $50,000
Collateral trust bonds $1,750,000 redeem at yearly..Ta.c*
par
Ta.c*
t
United Cigar Manufacturers Co.—Common
1902
Par
50
50
1898
250 &c
100 Ac
100
100
100
100
100
100
100
500 Ac
500 dec
1907, $2,855,417.
OFFICERS.—Pres., Charles W. Wetmore; V.-P., Julius S. Walsh
Breckinridge Jones; V.-P. and Gen. Mgr., Alten S. Miller; Sec. and
and
Treas.,
H, Spoehrer.
New York office, 30 Broad St.—(V.
90, p. 378.)
UNION FERRY.—Operates five ferry lines between N. Y. and
Brooklyn,
19 ferryboats, real estate, Ac.
Fares Increased, V. 87, p. 1537.
In Feb. 1909 $700,000 bonds had been
purchased
and canceled, reducing
the outstanding amount to $1,500,000 and in
Jan. 1910 $300,000 was ac¬
quired. V. 88, p. 569; V. 90, p. 114.
) 1898.
J
1899.
3 M
3
1900 to Jan. ’08.
2
1909.
1910.
3
3
Pres., J. D. Fairchild; Sec. A Treas., BenJ. J. y arly.
Downer.—(V. 90, p 114.)
UNION STEEL CO.—The United States Steel
Corporation, which took
possession as of Jan. 1 1903, owns the entire $20,000,000
stock, guaranteeing
$45,000,000 of
5% bonds. See V. 75, p. 1359, 1150; V. 74,
p. 100.
Plants at Donora and Sharon, Pa., with
daily capacity as follows: 5 blast
furnaces, 2,500 tons; 24 open-hearth furnaces, 2,400
tons; 4 blooming, slab¬
bing and sheet bar mills; 4 rod mills, 800 tons; 2 wire and nail
mills, 7,000
kegs; 1 plate mill, 400 tons; 1 tin-plate plant, 3,600
boxes; 2 sheet plants,
1 by-product coke plant (212
ovens), 1,000 tons.
Coking coal property in lower Connellsvllle district, 4,740 acres of coal
and
810 acres of surface.
Steam coal property on
Monongahela River, 1,524
acres of coal and 179 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 ore.
BONDS.—The 1st and coll. 5s of 1902 ($45,000,000
authorized Issue,
are guaranteed
principal and Interest by the U. S. Steel
Corp., and are
secured by all the property of the
company. Including the Sharon Steel stock
acquired. They are subject to call
since Dec. 1 1907 at 110 and Interest.
Of the bonds, $42,087,000 have been
issued, of which $6,848,000 were held
alive hx sinking fund on Jan. 1
1910, $1,493,000 are to be used to retire un¬
derlying bonds and balance Is reserved for future
sinking fund payment of 2% of the amount of bondspurposes. An annual
outstanding. V. 75.
p. 1150; V. 76, p. 107, 546.
Guaranty, V. 76, p. 709.
Underlying bonds—
Date.
Interest.
Outstanding.
8haron Steel Mtge. (1st on) 1901
Maturity.
5 g J A D
$493,000 June 1 1941
tube mill, 2d on other propf Subject to call at 105 to June 11911; there-
(leases),
erty)
Sharon Coke first
J
after
5
mortgage../ 1901
at par.
J A D
542,000 Dec. 2 1931
Subject to call since 1906.
1171, 1227; V. 83, p. 912; V. 91, p. 721.)
UNION STOCK YARDS OF
ated In Nebraska In Dec. 1887.
Owns about 200 acres of land at
South
Omaha, covered with buildings, Ac., to carry on business
and other real
estate.
In May 1903 it was voted to Increase
the stock from $6,000,000 to
$7,500,000, the new stock being distributed, lt was
understood, as a 25%
stock dividend.
V. 76, p. 927; V. 83, p. 162.
Cash
yearly (Q.-M.). There are no bonds. Report for dividends are paid. 6%
year ending Nov. 30
1909 in V. 90, p. 370, showed:
Gross,
net, $569,287; deprec’n.
$100,000; dlvs. (6%), $449,766; bal.,$854,083;
for
sur.,
year,
$19,521. Surplus
Nov. 30 1909, $332,172.
Pres., R. J. Dunham; Sec. and
Treas., J. C.
Sharp. Office, South Omaha, Neb.—(V. 87,
p. 284; V. 90, p. 870.)
UNION SWITCH & SIGNAL
in 1882.
In Pa¬
Plant at Swlssvale Pa. CO.—ORGANIZATION.—Incorp.
V. 68, p. 471; V. 67,
p. 738.
STOCK.—Pref. Is entitled to 6% ahead of
common, then H % for every
1% on com. until 12% is reached: then both share
alike.
V. 84, p. 453. Stockholders will vote Dec. 14 1910 on
increasing the authorized common
stock from $2,000,000 to
$4,500,000.
Of the new stock. It was
a part is to be Issued as
reported,
a 60% stock
dividend, remainder to be reserved
for future requirements.
V. 91, p. 1040.
DIVS. (since’98)— ’99. '00. ’01. ’02.
’03. ’04-’06. '07. '08. ’09.
On preferred
1910.
%
6
7H
8
8
9
10 y’ly 12
12
12
On common
12
0
3
%
4
4
6
8 y’ly
12
12
12
12
—(V. 78.
p.
1
g
OMAHA.—ORGANIZATION.—Incorpor¬
*.^!LPP.5T~Report
for cal- year 1909, In V. 90, p. 624, showed: Gross.
over lnt., $325,983; dlvs. on
com. (12%), $240,000; dlv
pref. (12%), $59,712.
In 1908. gross,
Pres., George Westlnghouse; Sec. and $2,123,543; In 1907, $5,023,599.
James Johnson.
Office,
Swlssvale, Pa.—(V. 90, p. 506, 624, 1618;Treas.,
V. 91, p. 1040.)
$2,625,133; surp.
on
.
UNION
TYPEWRITER.—Organized
in New York in May
1909.
In 1893 In N. J.:
re-incorporated
1377; V. 89, p. 925. A comblna-
V. 88, p. 752,
1,280,000
4.250.000
683,000
50
25
25
UNION DEPOT CO. OF COLUMBUS. O.—The P. C. C. & St. L. owns
half Interest In this property.—(V. 63, p. 117; V.
64, p. 804.)
UNION ELECTRIC LIGHT & POWER CO., ST. LOUIS.—ORGANIZA¬
TION.—Incorp. in Mo. in June 1902 as a consolidation; In Sept. 1903 the
Missouri Edison Electric Co. was absorbed. V. 77,
p. 40, 774. Does prac¬
tically all of the electric-lighting business of St. Louis.
Has a 10-year con¬
tract with St. Louis Transit Co. to
supply
about
12,000
horse-power and
oontract to supply public city electric
ughtlng till Sept. 1 1910. North
American Co. owns practically all of the
outstanding stock. V. 80, p. 1000.
In Dec. 1907 Laclede Power Co. was
purchased. V.85, p. 1522; V. 86, p. 290.
Statement showing properties, Ac., see V. 86, p.
1046; also V. 83, p. 269.
Securities—
Date.
Interest.
Out stand'g.
Maturity.
Imp. L. H. & P. 1st M 5s(cash dep. to redeem these)$123,000
Apr 1 1930
Mo. El. Lt. & Power 1st M
1891
6Q.-F.
600,000 May 1 1921
Mo. Ed. 1st cons. M., $3,-1 1897 5
.AA.
f. F.f
‘
‘
g.
3.198.000 Aug
1 1927
198,000, gold
c*j
lnt. in St. Louis or New York.
U. E. L. & P. 1st M. ($10,000,000 authorized
Issue),
see table above.
Ref. A ext. M. ($50,000,000 authorized Issue), see table
above.
STOCK.—Total auth. issue $18,000,000;
outstanding last accounts, $9,885,000 (par $100); $171,325 is reserved for exchange for
Missouri-Edison Electric stock and $3,000,000 was pledged tooutstanding
secure the
3-year notes due 1909. V. 85, p. 1007,1466. In Dec.
1909 6% dividends
were being paid.
V. 86, p. 1163.
BONDS.—In 1908 filed a refunding and extension
mtge. for $50,000,000.
Of the bonds, $5,500,000 have been
sold, $10,000,000 are reserved to
retire underlying bonds and the remaining
$34,500,000
are issuable for not
over 85% of cost of extensions and
Improvements, on condition that the
net earnings shall have been
50% In excess of interest on bonds, incl. those
proposed to be Issued. V. 86, p. 232, 1163: V. 87, p. 1425,
1537.
EARNINGS.—Report for year ending Dec. 31 1909, with bal. sheet, In
V. 90. p. 301, 370, showed: Gross,
$3,085,614; net, after taxes, rentals, Ac.,
$1,582,580; int. on bonds. Ac., $834,204; dlvs. (6%), $593,100;
bal., sur.,
$155,276. Calendar year 1908, gross, $3,013,297;
5 g
J
6 In 1909
12 In ’10
27,058,900 See
1,000
a
When
Last Dividend
and Maturity
Payable
55,520.700
28,599,350
9,502,350
text
&
D Dec 1 1952
New York Trust
—M
Aug 31*10 1)4%
£
—J
de
5 g
OctlO’lO 3%
OctlO’lO 3%
15
See text
D June 1 1911-18
J July 1 1923
'
4« g J
A
5 g
MAS Sept 1 1915
8
See text
6 in 1910
LXXXXI.
Places Where Interest and
Dividends are Payable
497,600 12 In '10
Q—J
74,000
5 g
J
de
J July 1911-1913
10,000.000 See text
A
O Oct 1 1907 3%
4,000,000 7 In 1910
&
O Oct 1 ’10 3H%
5,000,000 8 in 1910
de
O O t 1 ’10 4%
4,496,737 4 In 1909
Aug 15 ’10 1%
4,496,737 6 In 1910
Q—J
Oct 1 ’10 1H%
14,000,000
1.522,000
« *
J
&
J Jan 1 1926
1,179,990
6 g
J & J 15 Jan 15 1926
15,000,000
Q—F
6 in 1910 Novi'10 1H%
5,000,000 7 In 1909
Q—M Sep 1 ’10 1 H%
45,000,000 See text
Q—J
Aug 6 ’07 1H%
5,000,000
M
de
N May 15 ’07 3%
14,427.100 8 In 1910
Q—F
Nov 1 ’10 2%
10.600,000 See text Q—J
Sep 1 '10 1H%
100
100
50
50
100
_
DIVIDENDS.—
See text
1,000
100
1906
1906
Rate
%
Outstanding
$l,000Ac $35,239,000
100
7,496,100
stock $15,000,000
Preferred stock (also assets) 7% cumulative $5,000,000.._
United Copper—Common stock $75,000,000 authorized
Stock 6% g cum pr (offer V 84,
p 343) can be called at 125
Umied Dry Goods Cos—Common stock $35,000,000 auth—
Fret stock (also as to assets)
7% cum $16,000,000 auth...
United El. Co. of N. J.—See “Electric Ry.“ Section.
United Fruit—Stock $35,000,000 authorized
Serial debs (for Nlpe Bay Co) gold redeem 103 after 1910.
1907
Debentures gold $425,000 due yearly begin 1914—xc* Ar* 1909
Nor Ry of Costa Rica 1st M g red 105 s f & lnt
guar__OB.c* 1900
United (fas Improvement Co (The)—Stock $55,520,700
United Shoe Machinery Corp—-Common stock $35,000,000..
i>r»f«~r4ri stock 6% cumulative
$15,000,000
Per cent
Amount
Value
[VOL.
Co, N Y
Checks mailed
do
Fidelity Tit A Tr Co,Pitt
Check from
do
do
Co’s Offloe
do
do
Trust Co of America, N Y
do
do
Check from Co's Office
do
do
42 Broadway, New York
do
do
Checks mailed
do
Company’s office, Boston
do
do
Boston and London
Old Colony Tr Co, Boston
Q—J 15 Oct 15 '10 2% Philadelphia Office
Q—J
OCt 5 19 i 0 2% Check from Co’s office
Q—J
Oct 5 '10 1H%
do
do
£!r0nJ.nclu4lne
Wyckoff,
Machine, American
and Densmore
.
JCUVS.—
1st pref
2d
pref
Com
Seamans A Benedict (Remington), Yost
Writing
Writing Machine (Callgraph), Monarch, Smith Premier
Typewriter cos. V. 79, p. 1481. Decision, V. 84,
p. 630.
) ’95. ’96. ’97. ’98. ’99. '00. ’01. '02-’07. *08. ’09.
1910.
%\
%|
stock..%J
77777777 y’ly
6
6
8
8
__
__
__
8
__
__
16
16
__
__
8
e
7
8
0
y’ly
y’ly
7
8
0
7
8
0
.REPORT for
year ending Dec. 31
with balance sheet. In V. 90, p.
768, showed profits, $1,253,653; div.1909,
on 1st
2d pref. (8%), incl.
pref.(7%),$280,000; dlv. on
$600,000 held in treasury as Investment.
$448,000;
bal., $525,653; reserved for
contingencies. $400,000; bal., sur., $125,653.
W.
Seamans;
Geo. K. Gilluly, 280
Clarea°e
Sec.,
B’way, N. Y
Office, Jersey City, N. J.—(V. 89, p.
925; V. 90. p. 768, 855.)
UNITED BANK NOTE
CORPORATION.—ORGANIZATION.—Incor¬
porated in N. Y. Feb. 20 1906
and acquired, per plan V.
81,
p. 1851,1794;
practically all of the stock of the American Bank Note
Co.
STOCK.—Stock outstanding, $4,496,737 each of common
and preferred,
stockholders having in 1909 subscribed at
par for $500,000 each of common
and preferred, payable in
Installments to October 1909, the proceeds to be
used to build the new
plant In Bronx Borough, New York. V. 87, p.
1609;
V. 88,
p. 105.
No lien shall be created or additional
stock Issued without
the assent of 80% of each class of
stock.
DIVIDENDS on pref. stock, 1 H%
paid July 1906 to Oct. 1910.
lnd.; on com., Aug. 1906 to Aug. 1910,quar.,
both incl., 1% quar.
REPORT.—Report for cal. year 1909, in V. 90, p. 622, showed: Net
$158,000; dlv.
Ac.,
on pref. stock (6%),
247,288; dlv. on appropriations,
com. stock (4%),
$164,825; dlv.
on stock of old co. out¬
standing, $1,048; bal., surp., $134,973. Office, 70-72 Broad
St., N. Y.—
(V. 90, p. 622.)
Sroflts. $706,134;
UNITED BOX BOARD
In New
Jersey on Oct. 27 1908. CO.—ORGANIZATION.—Incorporated
Successor March 1909 of United Box Board A
Paper Co., purchased
per plan V. 87, p. 1163; V. 88, p. 298, 509.
PROPERTY.—The company owns (1) In fee, and (2)
through ownership
of 90% of the $6,000,000
capital stock of the American Straw Board Co.,
(1) Plants Owned in Fee.—Muncle, lnd.;
Peoria, Ill.; Benton Falls, Me.;
Rockport, lnd.; Thomson and Lockport, N. Y.; Mt. Carmel.
Ill.; Urbana,
O.; Waldron, Ill.; Whlppany, N. J.; Eaton,
lnd.; Fairfield, Me.; Yorktown, lnd.; Wabash, lnd.
(2)
Plants
of American Strawboard
lnd.; Kokomo, lnd.*
Clrcleville, O.j Lima, O.; Tippecanoe, Co.—Anderson,
O.; Lockport, Ill.; Wilmington, Ill.*
Noblesville, lnd.; Chestertown, Md.: Dayton, O.:
Plqua,
O.: Tiffin. €).'•
Quincy. Ill.; Winchester, Va.: Norwich. Conn.
BONDS.—The outstanding funded debt Mch. 26 1910
was:
Underlying liens due (average) 1917
$863,000
General mortgage 6% bonds, due 1926
1,522,000
Collateral trust bonds, due 1926, secured
by
10,259
shares
of
American Strawboard stock (V. 84,
p. 106)
1,179,990
The underlying liens on 14 plants (see
list, V. 75, p. 1308), viz.:
Traders’ Paper Co., N. Y., 6s, $200,000, due
by Nov. 1919: Thompson
Pulp A Paper Co., N. Y., 6s, $200,000; Somerset A Kennebec
Me.;
$283,000; Wabash (lnd.) Paper Co., $200,000; Peoria Strawb.Co.,
Co. 6s,
$100,000, Ac.
_
Amer. Strawboard Co. (V. 86, p. 477) has out
Feb. 1 1911, lnt. paid F. A A. at International $200,000 1st gold 6s, due
Trust Co.. Boston; it also
assumed $50,000 Uncas Paper Co. bonds.
V. 84, p. 107; V. 83, p. 1541.
REPORT.—For year end. March 26 1910, in V.
90, p. 1294, showed
gross earnings, $393,895; net after repairs,
$115,857; earns, subsld. cos.,
$33,089; lnt., $168,526; bal., def., $19,580.
DIRECTORS.—Sidney Mitchell (Pres.), Hyatt Cox (V.-P. and Treas.)!
Chas. C. Adsit (V.-P.), W. C. Staley
(Sec.), Luther W. Rodman. Geo. J.
Marott, A. Albert Sack, Jos. E. Otis, J. M. Hopkins, Geo.
H. Webster,
E. C. Bodman. W. H. Blnnlan, Frederick
Davenport and Lazard Kahn.
N. Y. office, 200 Fifth Ave.—(V. 90, p. 241,
307, 378, 451, 506, 1294.)
UNITED CIGAR MANUFACTURERS
CO.—ORGANIZATION.—In¬
corporated In New York April 28 1906. Successor United Cigar
Mfrs.
Owns entire stock of Stratton A Storm Co. and
Lichtenstein Bros. Co.
and $236,000 of $400,000 stock of Geo. L. Storm A
Co. V. 84, p. 802. 1
STOCK.—Common stock, $15,000,000 (par $100);
preferred, see table
above.
Pref. stock cannot be
Increased or mtge. other than purchasemoney mtge. created without consent of three-fourths of
Pref.
shall have no voting power except while default for at pref. stock.
least two quarterly
dividends continues.
A very large portion of the
stock, but not a majority,
was In Jan. 1910 placed In a 5-years’
voting trust. V.
90,
p.
171.
DIVIDENDS.—On pref., 1 H% quar., paid Sept.
1906 to Sept. 1910,
incl.
On com., 1909, 5% (Incl. 1% extra); 1910,
6% (1H% Q.-J.).
EARNINGS.—Report for year ending Dec. 31 1909, In V. 90, p. 369,
Gross earnings, $2,820,977;
profits, $1,603,323; other
$179,441; lnt. on loans and deposits, $75,267; dlv. on pref. stockIncome,
(7%),
showed:
$350,000; dlv. on com. stock (5%), $750,000; net profits, $607,497.
OFFICERS.—Pres., Jacob Wertheim; Treas., Geo. L. Storm. Office;
1018 and 1020 Second Ave., N. Y.—(V. 90, p. 171, 369.)
UNITED DRY GOODS
ated In Delaware May 21 COMPANIES.—ORGANIZATION.—Incorpor¬
1909 and acquired control of the Associated
Mecrhants’ Co., which owns $4,500,100 of the $9,000,000 stock of the
H. B.
Claflln Co., the business of James McCreery A Co. (23d
and 34th Sts.),
Stewart A Co. of Baltimore (formerly Posner Bros.), 2,000 shares
($200,000)
of the $250,000 common stock of C. G. Gunther’s Sons
(furs), New York
(V. 90, p. 773); J. N. Adam A Co. of Buffalo, New York, and
$2,400,000 of the $3,000,000 debenture bonds, $2,000,000 of the
$3,000,000
Income bonds and 800 of the 1,000 shares of stock of the
O’Nelil-Adams Co.
(a consolidation of H. O’Neill A Co. and Adams Dry Goods
Co.); also
Eurchased outright the stores of Hahnc A Co. of Newark, N. J.; N. J. Powers
iercantlle Co of Minneapolis, the William Hengerer Co. of
Buffalo, N. Y.,
and Stewart Dry Goods Co., Louisville.
In June 1910 acquired control of
Lord A Taylor Co., V. 91, p. 42.
STOCK.r—Of the stock, $10,000,000 each of com. and
pref. was Issued at
once, the remaining $25,000,000 com. and $6,000,000
pref. stock being issu¬
able for cash at not less than par and 120
respectively (except
pf. which in Oct.’10 had been subscribed for by employees of the $1,000,000
companies
at par, of which $600,100 paid In full) or in
exchange for Associated Mer-
INDUSTRIAL STOCKS AND BONDS.
Oot., 1910.j
MISCELLANEO US COMPANIES
[For abbreviations, Ac., see notes on first pace]
Date
Bonds
Par
Amount
Rate
When
Last Dividend
Value
Outstanding
%
Payable
and Maturity
U S Cast Iron Pipe & Foundry Co—Com stk $15,000,000 auth
$100 $12,106,300 See text Q—M
Preferred stock 7% non-cumulative
100 12,106,300 See text
Quar
American Pipe & Foundry first mtge $1,500,000 sink fund 1898
6
J
&
J
888,456
100
United States Envelope—Common stock $1,000,000
750,000
Preferred stock 7% cumulative $4,000,000
100
3,750,000 See text MAS
First M $2,500,000 g part due yrly red 104 beg Dec’19.0B.c* 1908
J
& D
1,000
2,000,000
Debentures gold part due yearly red at 101 (V 74, p 385)
1902-4
F
& A
1,000
61,000
United States Express—Stock
100 10,000,000 6 in 1910 M & N
—-—
Central
Leather
Co
United States Leather—See
United States Motor-—Common stock $15,000,000
100 10,723,675
Preferred 7% cumulative $15,000,000 authorized
100
Q—F
8,885.950 See text.
U S Realty &. Improvement—Stock $30,000,000 auth.
100 16,162,800 5 in 1910
N
Q—F
Debentures $13,506,000 g conv to July 1 1908 red 105.N.c* 1904
J
&
J
1,000 12,000,000
5g
U S Reduction & Refining Co—Common stock $6,000,000._
100
5.918.800 See text
Preferred (also as to assets) 6% non-cumulatlve $4,000,000
100
3.945.800 See text
First mortgage gold red 110 sinking fund (see text)N.c*
J
&
J
1,000
1,620,000
United States Rubber—Common ($25,000,000 authorized)..
100 25,000,000 2 in 1900
First preferred ($40,000,000 authorized) 8% non-cum
100 39,824,400 8 In 1910
Q—J
Second preferred ($10,000,000 authorized) 6% non-cum._
100
9,965,000 6 in 1910
Q—J
Coll trust sink fund mtge $20,000,000 gold red l05_„Ce.c&r 1908 1,000 Ac 16,824,000
J
6 g
& D
General Rubber deben $9,000,000 guar p & 1 red 105,
1905 1,000 Ac
J
&
J
6,000,000
U S Smelting. Refining & Mining—Common stock$37,500,000
50 17,555.150 4
Preferred stock 7% cumulative $37,500,000
50 24,316.000 7 In 1910
United States Steel Corporation—Common stock$550,000,000
too 508.302.500 See text
Q—M
Preferred stock 7% cumulative $400,000,000
100 360,281,100 7 In 1910
Quar
Coll trust mtge/redeemable at 115 8 f (see text)
Various
Us.c* &r 1901 1,000 Acl
J
5g
$304,000,0001 not redeemable s f (see text)
c*Ar 1901 1,000 Ac) 278,110.000 \
do
5g
“Sink fund" coll tr 2d M $250,000,000 g red (text) .Us.c* &r 1903
500 Ac 192.150.500
M & N
5 g
||
__
£3
V.-P
ln4m0
chants’ Co.rstock on equitable terms.
Of the com. stock, $1,350,000 was
sold at par, $9,813,100 had been Issued to July 1910 In exchange for Assoc.
Merchants’ stock. $ for $, additional stock being Issuable on the same basis,
and $3,264,000 was subscribed by stockholders at par, payable on or before
Aug. 1 1910, to purchase control of Lord & Taylor Co.
V. 91, p. 42, 158.
No bonds can be Issued without the consent of 54 of each class of stock.
DIVIDENDS.—On pref.. Sept. 1 1909 to Sept. 1910, 154% quar.
stock Nov. 1 1909 to Nov. 1910, 2% quar. (8% yearly).
REPORT for half-year ending July 15 1910 was In V. 91, p. 654.
Pres., John Clafiln, 224 Church St., N. Y.—(V. 91, p. 158, 654.)
On
common
UNITED EL. L. & POWER CO., N. Y.—See Consolidated Gas.
UNITED FRUIT CO.—ORGANIZATION.—Incorporated In N. J. on
March 30 1899 to carry on tropical fruit business.
Official statement, V. 69, p. 854.
Properties owned, see reports V.
.
1011, 1020; V. 73, p. 1060, and V. 77, p. 2096; V. 79, p. 2475; V. 8
1281; V. 74, p. 1095; V. 75, p. 621; V. 89, p.1354; V. 91, p. 878. Norther
Ry. of Costa Rica, 347 miles, see V. 71, p. 1067; V. 80, p. 223; V. 81, p. 614
In June 1907 the outstanding $3,500,000 Nlpe Bay common stock was
acquired, per plan V. 84, p. 1057; first dividend, 4%, payable Sept. 15 1910.
V.$|91, p. 41. The Nlpe Bay Company has outstanding $2,000,000
preferred stock and $3,500,000 of first mortgage 5-year 6% gold coupon
notes, due June 1 1914, and $1,600,000 6% 10-yr. debentures due June 1
1917.
(Report for year 1908-09, V. 89, p. 1480.)
V. 88, p 454, 569;
V. 82, p. 1382; V. 81, p. 215. 1378.
Of deb. 6s of 1907, ($4,000,000 auth.),
$2,400,000 reserved for future requirements.
STOCK.—Stock authorized, $35,000,000 as Increased In Oct. 1910.
Stockholders In Nov. 1910 are offered $2,459,900 new stock at par, raising
the amount outstanding to $27,058,900. A cash dlv. of 10% was declared,
applicable to same. V. 86, p. 1474; V. 87, p. 101, 170; V. 89, p. 1000;
V. 91, p. 731, 878.
p.
p.
DIVIDENDS.—• 1 Oct. 1899.
Per cent
j
2H
Also 10% extra paid Aug. 1
Nov. 4 1910, see above.
1900.
1901.
1902 to Jan.’07.
Since
10
8
7 yearly
2 quar.
1908 and 10% Nov. 15 1909 and 10%
DEBENTURES.—The 4*4% gold debentures dated Jan. 1 1909 ($4,-.
250,000 total Issue) have an annual sinking fund payable July 1 from 1914
to 1922 Inclusive, which will retire one-tenth of the issue yearly, the bonds
to be called therefor at 101 if not purchased at a lower price.
They are to
be secured by any new mtge. placed on the property.
V. 87. p. 1609,1538.
9
EARNINGS.—For
mos. ending June 30 1910, net earnings, $4,584,087.*
other Income, $293,486; dividends, $1,407,992; bal., sur., $3,469,581;
V. 91
878
P.
REPORT*—Report for year ending Sept. 30 1909, V. 89,
Fiscal
Net
Other
Int. on
Dividends
p.
1342, 1354,
Balance,
on Stock.
Earnings.
Income. Bonds, Ac.
Surplus.
$516,817
$220,771
1908-09.-.$3,871,833
• (8) $1,707,042
$2,460,837
1907-08
3,723,511
317,579
94,746
*(8)1,584,484
2,361,861
•
Also 10% extra from accum. surplus Aug. 1908 and 10% Nov. 15 1909.
DIRECTORS.—Andrew W. Preston (Pres.), Minor C. Keith (V.-P.),
Charles A. Hubbard (Treas.), Bradley W. Palmer (Sec.), John S. Bartlett,
Reginald Foster, Francis R. Hart, K. K. McLaren, Wm. S. Spaulding,
James J. Storrow and Henry O. Underwood.
General offices, 131 State
St., Boston, Mass.—(V. 91, p. 42, 731, 878.)
Year—
—
-
(THE) UNITED GAS IMPROVEMENT CO.—Organized 1882 in Pa.; re¬
organized In 1885. Charter is perpetual and business is the building, leas¬
ing and operating of gas works (see list in 1900, V. 70, p. 1000, 944). See
list and capitalization of operating companies in V. 79, p. 498, and editorial
p. 478; V. 79, p. 2090; V. 80. p. 2342; V. 81, p. 977, 1727; V. 82, .p 1160,
1444; V. 83, p. 42. 499, 1123, 1360, 1541; V. 84, p. 107, 164, 395, 936, 1112;
1253,1304,1373; V. 85. p. 44; V. 89, p. 1000; V. 90, p. 1682; V. 91, p. 219.
STOCK.—Increased in 1906 from $36,725,000 to $45,900,250 and in 1909
to $50,473,350: in 1910 to $55,520,700. V. 89, p. 1600; V. 88, p. 1201.
DIVIDENDS.—Since 1888 8% per annum, payable quarterly.
In Jan.
1896 paid extra 15% In convertible scrip: also 10% extra March 1 1910 In
■crip convertible Into stock to June 30 1910. V. 89, p. 1600, 1546.
EARNINGS.—Net earnings for 6 mos. ending June 30 1910, $3,260,000,
against $3,134,000 In 1909.
V. 91, p. 965.
REPORT for 1909, In V. 90, p. 1236, showed: Net profits, $6,656,109:
dlvs. (8%), $3,790,371; sink, funds to retire Phila. Gas Works Invest., $692,500; bal., sur., $2,173,237.
Phila. gas lease. V. 84, p. 1304; V. 85, p. 44.
DIRECTORS.—C. A. Grlscom, Samuel T. Bodlne, Rudulph Ellis, Randal
Morgan, William Wood and Morris L. Clothier.
Pres., Thomas Dolan;
and Gen. Mgr., Samuel T. Bodine; 2d V.-P. and Gen. Counsel, Randal
Morgan; 3d V.-P., Walton Clark; 4th V.-P. and Treas., Lewis Lillie: Sec.,
W. F. Douthlrt, Broad and Arch Sts., Philadelphia.—(V. 91, p. 965.)
UNITED SHOE MACHINERY CORPORATION.—ORGANIZATION.—
Incorporated In N. J.
V. 80, p. 1862.
Properties, V. 68, p. 333, 430;V. 74, p. 430; V. 75, p. 851; V. 77, p. 255; V. 80, p. 1486; V. 91, p. 878
In Sept. 1910 the Wonder Worker Shoe Machinery Co. was acquired.
V. 91, p. 878, 965, 158.
STOCK.—The pref. Is entitled in the event of dissolution to $35 per $25
share and all accrued dividends In preference to the common stock.
In Sept. 1910 $1,500,000 common stock was Issued to purchase assets of
Wonder Worker Machinery Co.
V. 91, p. 965.
DIVIDENDS.—On new stock, 1*4% on pref. and 2% on com. paid
quarterly Oct. 1905 to Oct. 1910, both lncl., and In April 1909 2% and July
1910 4% extra on common; also, In July 1907, on com., 25% In stock, and
In April 1909 and July 1910 10% each.
EARNINGS.—Report for year ending March 1 1910, In V. 90, p. 1611,
showed: Earnings for year and Increase In value of stock of other cos.,
$5,640,468; dlvs., $2,941,445; bal., sur., $2,699,023.
Earnings of United
Shoe Mach. Co. were $5,640,522; dlvs. paid, $3,013,388.
DIRECTORS.—Sidney W. Winslow (Pres.), Geo. W. Brown (V.-P.),
Frank L. Babbott, William Barbour (V.-P.), Louis A. Coolldge (Treas.),
Edmund Le B. Gardner, J. H. Hanan, E. P. Howe, E. P. Hurd (V.-P.),
G. E. Keith, J. C. Kilham, R. Matz, Robert Treat Paine 2d, W. F. Robin¬
son (V.-P.),rChas. G. Rice, A. R. Turner, Samuel Well, Charles H. Willson.
Henry B. Endlcott, Frank Wood, William Woodward.
Sec. is Louis H,
Baker of Boston, Albany Bldg., Boston, Mass.—(V. 91, p. 158, 878, 965.)
UNITED STATES CAST IRON PIPE & FOUNDRY CO.—ORGANIZA¬
TION.—Incorp. in N. J. March 13 1899, V. 81, p. 233; V. 69, p. 757; V. 71,
p. 1124.
Properties, rights of stock, Ac.. V. 85, p. 157, 1522.
161
Places Where Interest and
Dividends
are
Payable
Dec 1 1907 1% Office, 71 Broadway,N Y
do
do
Sept 1 ’10 1 *4%
July 1 1928
Nov
Dec
Feb
Nov
NovlO’10,1 54%
Nov 11910 1 *4
July 1 1924
July 1903
1%
Oct 1 ’07 1*4%
July 1 1931
Apr 30 *00 1%
Oct 31 '10 2%
Oct 31 *10 1*4
Dec
July
Oct
Oct
Dec
Nov
Apr
Apr
Apr
Chattanooga,
Tennessee
10 *10 1% Old Colony Trust Co, Bos
1 1910-1934
do
do
do
do
1911-1912
15 '10 3% Office, 2 Rector St, N Y
Checks mailed
Office 111 Broadway,N Y
Checks mailed
do
Baruch Brothers, N
Office 42 Broadway, N
do
do
do
do
Central Trust Co, N
1 1918
First National Bank, N
1 1915
15 *10 1% Checks mailed
do
15 *10 154
Office Empire Bldg, N
30 ’10
do
do
29 ’10
J P Morgan & Co, N
1 1951
do
do
1 1951
do
do
1 1963
Y
Y
Y
Y
Y
18
Y
DIVS.— 1
1899. ’00. ’01. ’02-’03. ’04. ’05. *06. ’07. ’08. ’09.
1910.
On pref .%)Dec,l 54 3H
0 4 yearly 4 *4 8 7
7 3 *4 5*4 ToSep,454
On com-%J
0
00
0
0144 None. None. —On pref. In 1909, July 2, 1 54% out of reserve for additional working
capital (delayed by suit from Sept. 1908); Sept., 154; Dec., IK; In 1910,
March and June, 1 54% each; Sept., 1 *4%.
V. 91, p. 468.
** i
REPORT.—Report for the year ending May 31 1910, with balance sheet*
In V. 90, p. 1674, showed:
Total Income. $703,292: Int. on bonds, $90,000*
reserves, $66,900; prev.surplus, $164,120;transferred from reserve to work¬
ing capital, $200,000: pref. dlv. (7%), $875,000; bal., sur., $35,512.
OFFICERS.—Pres., George B. Hayes; Vice-Pres., Geo. J. Long; 1
V.-P., L. R. LeMolne; Sec. and Treas., B. F. Haughton, 71 Broadway.
DIRECTORS.—Geo. B. Hayes, Colgate Hoyt, A. 0. Overholt, B. F.
Overholt, E. C. Fuller, A. N. Brady, George J. Long, P. J. Goodhart,
D. Giles. W. T. C. Carpenter, B. F. Haughton. N. F. Brady, John Arthmr
Hayes and L. R. Lemoine.—(V. 90, p. 1674; V. 91, p. 468.)
4 J
UNITED STATES ENVELOPE—Incorp. In 1898 In Maine. V. 66/ .
1003.
Capacity 1908 over 20,000,000 envelopes dally. V. 87, p. 1360.
DIVIDENDS on\’98. '99. ’00. ’01. ’02 to ’05. ’06. *07. ’08. ’09. 1910.
preferred
%/ 2
7
7
5 *4 5 yearly. 5*4
6
6 Bel.
Bel. *
In March 1909 3%; Sept., 3%; in 1910, March and Sept., 3 *4% each; also
May 1909, 1 54%; Nov. 1909, 2%. and Nov. 1910, 1%, account of accumu¬
lations, leaving 9*4% due.
V. 88, p. 1139.
>*4146
BONDS.—The first mortgage 5% serial gold bonds of 1908 ($2,500,000
authorized Issue) mature Dec. 1 yearly from 1910 to 1937.
In Nov. 1908
$2,000,000 were sold (falling due $50,000 yearly from 1910 to 1924, $100,000
from 1925 to 1929 and $150,000 from 1930 to 1934, incl.) for refunding about
$1,100,000 bonds, build new factory, capital, Ac.
V. 87, p. 1360, 1163.
3* REPORT 6 mos. end. Dec. 31 1909, with bal. sheet, V. 90, p. 975, showed
net profits, $335,913; Int. on bonds, Ac., $52,400; pref. dlv. (3%), $112,500;
deferred div. on pref. stock. 2%, $75,000; deprec., Ac., $42,784; bal., sur.,
$53,229.
For year ending June 30 1909, net, $642,182.
OFFICERS.—Pres., C. H. Hutchins, Worcester, Mass.; Treas., Wm. O.
Day; Sec., W. M. Wharfield, Springfield, Mass.—(V. 91, p. 219.)
UNITED STATES EXPRESS.—An "association” organized under the
laws of New York State In 1854; not Incorporated. Operated Deo. 31 1907 on
30,410 miles of railroad In the United States and Canada and 261,186
miles of sea lines.
U. S. Realty Co., V. 81, p. 269, 564, 977; V. 88, p. 382.
In Aug. 1908 obtained contracts over 15,000 to 16,000 miles of railway
of the Rock Island system, about 5,000 miles of which was already operated.
V. 87, p. 484.
On May 1 1909 ceased to operate over the Chic. Milw. A
St. Paul.
V. 88, p. 382.
Committee, V. 87, p. 756; V. 89, p. 48.
DIVIDENDS— j’96 to *00; ’01. '02 to May ’07. ’07.’08.
1909.
1910.
Since 1895
%\ 3 yearly. 3*4
4 yearly.
Nov,3 4 5 (2 A3)
6
Report for year ending June 30 1909 in V. 89, p. 1343, showed, gross
earnings $16,851,864; net, $451,704; other Income, $441,331; dividends
(4%), $400,000; bal., sur., $493,035.—(V. 89. p. 1071, 1343.)
—(V. 87, p. 484, 756, 1092; V. 88, p. 382; V. 89. p. 48, 1000, 1071.)
UNITED STATES LEATHER.—See Central Leather Co.
UNITED STATES MOTOR CO—ORGANIZATION.—Incorp. in N. J.
In Aug. 1908 as International Motor Co.; name changed in Dec. 1909 and
took over the Maxwell-Brlscoe Motor Co., Tarrytown, N. Y.; Columbia
Motor Car Co., Brush Runabout Co., Aldon-Sampson Mfg. Co., Dayton
Motor Car Co.; Courier Car Co.; Gray Motor Co.; Briscoe Mfg. Co. and
Providence Engineering Works.
V. 90, p. 1177, 1494, 1618, 1682; state¬
ment Sept. 1910, V. 91, p. 868.
Output capacity, 53,000 automobiles
per annum.
Suits to enforce Selden patents, V. 91, p. 468.
Stock auth., $15,000,000 each of common and 7% cumulative prer.; par,
$100.
Outstanding, common, $10,500,000, and pref., $10,250,000.
Divi¬
dend on pref., May 1910 to Nov. 1910,154% quar.
No bonds or mortgage.
REPORT.—Report for 3 mos., ending Junel 1910 with bal.sheet was In
V. 91, p. 394, showing: Net Income from operations, $1,800,294; pref. dlv.
paid May 1910 (154%), $82,730 and accrued proportion of pref. dlv.,
payable Aug. 1910 ($128,261); bal.., sur., $1,589,303.
President, Benjamin Briscoe; Vlce-Pres., J. D. Maxwell, H. W. Nuckle
and Horace de Llsse; Treas., Carl Tucker; Sec., F. D. Dorman.
Office,
505 Fifth Ave., N. Y.—(V. 90, p. 1618, 1682; V. 91, p. 394, 468, 868.)
UNITED STATES REALTY & IMPROVEMENT CO.—ORGANIZA¬
TION.—Incorporated In N. J. on May 26 1904 and In May 1906 had acquired
per plan In V. 78, p. 2019, $32,750,200 of the $33,198,000 com. stock and
$26,596,200 of the $27,011,100 pref. stock of the U. S. Realty & Construc¬
tion Co.
See list of assets, Ac., in V. 80, p. 2340; also statement to N. Y.
Stock Exch., V. 75, p. 1200.
See V. 77, p. 297, 953, 2103, 2396; V. 78, p.
51: V. 82. d. 1274; report, V. 86, p. 1465; V. 85, p. 1344, 1406; V* 90, p.
307, 633.
Owns $403,300 of $2,000,000 Alliance Realty Co.
V. 81,ip.
1798; V. 82, p. 1209; V. 83, p. 822; V. 90, p. 1422.
SECURITIES.—Of the stock $13,506,000 is reserved for conversion of
the bonds.
No general mortgage can be made without first securing the
debentures by mtge.
In Feb. 1910 the company had purchased $1,284,000
of the debentures, reducing the amount to $12,000,000.
V. 90, p. 241, 378.
DIVIDENDS.—
Percent
EARNINGS.—For 5
/
l
1907.
4*4
1908.
4*4
1909.
1—1—1—1*4
1910.
5
ending Sept. 30 1910, gross profits, $1,382,033;
against $1,380,872 in 1909; net, $907,409; against $924,070; deb.. Int.,
$250,000; dlvs., 3 mos. (1*4%), $202,035; bal., sur., $455,374.
It
REP.ORT.—Report for year ending April 30 1910, with balance sheet,
was In V. 90, p. 1422, showing: Total profits, $3,621,730; operating exp.
and taxes, $558,922; Int., deprec’n, &c., $855,608; net earnings, $2,207,200;
Int. on debs., $642,800; dlv. (4 54%). $767,733; bal., sur., $796,667.
DIRECTORS.—F. A. Vanderilp, H. S. Black, C. M. Schwab, P. A. Val¬
entine, John W. Gates, Charles G. Gates, James H. Post, Edwin Hawley,
Wm. A. Merrlman, Stephen S. Palmer, R. G. Babbage, Harry Bronner,
Paul Starrett, Frank A. Vanderilp and Wm. F. Havemeyer, W. H. Chesebrough, John D. Crlmmlns, Oaklelgh Throne and B. M. Fellows. Pres.,
H. S. Black; V.-P’s, R. G. Babbage, W. A. Merrlman, W. H. Chesebrough;
Sec., R. G. Babbage; Asst. Sec., C. G. Dailey; Treas., B. M. Fellows; Asst.
Treas., H. O. Wlnsor Jr.
Office, 111 B’way. N. Y.—(V. 91, p. 1098.)
UNITED STATES REDUCTION & REFINING CO.—Incorp. In N. J«
May 31 1901. Operates in Cripple Creek District, Col. V. 88, p. 747.
DIVID’S.—
1901.
Preferred (1st).% 1*4
Common
%
0
mos.
1902.
6
1903.
6
3
3
1904.
None
1905.
1 *4
1906 A 1907.
6 y’rly (1 *4 qu.)
None slnoe—
Since
None
■
-
,
„
BONDS.—Of the bonds $1,030,000 of the $3,000,000 Issued had in Oct.
1910 been redeemed and were held alive In the sinking fund and $360,000
canoeled.
V. 81, p. 1855; V. 82, p. 165, 391; V. 74, p. 882.
162
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEOUS COMPANIES
see notes on first page]
[For abbreviations, Ac.,
Date
Bonds
Par
Value
1893
$500 Ac
1901
1901
1902
1905
1,000
1,000
1891
1909
1887
1896
1896
1,000
Amount
Rale
When
Outstanding
%
Payable
[VOL.
LXXXXI.
Places Where Interest and
Dividends are Payable
Last Dividend
and Maturity
United States Steel Corp—(Concl)—Bonds of Cos. Controlled—
Illinois Steel non-convertible debentures “A” and ”B” _c*
Union Steel Co—See second page preceding
St Glair Furnace first mtge gold guar $100,000 yrly.PPLc*
St Clair Steel first mtge g guar 6100.000 due yearly. UPi.c*
Clalrton Steel mtge gold p A 1 guar due $500,000 yrly.UPi
Clalrton Land first mtge due $100,000 yrly begin Aug 1915
St Clair Terminal RR first mortgage
Elgin Joliet & Eastern first mtge ($10,000,000) gold—Cc.c*
Chicago Lake Shore & Eastern 1st M guar red 110 in 1919
Duluth & Iron Range first mortgage
Mp.c&r
Second mortgage currency red at 105 $5,000,000—Ce.c*
Union RR first mortgage
a
Duquesne equipment trust
Monongahela Southern first mortgage guaranteed
common
1,000
1,000 &c
1,000
1.000
2,000.000
1,000
1909
$38,000,000auth
Preferred (also as to assets) 8% cum $20,000,000 auth
First M(& coll tr)$15,000,000 auth sub to call text_Ce.c&r*
Virginia Iron, Coal & Coke—Underlying bonds (see text)—
Virginia Iron, Coal A Coke 1st M gold $10,000,000.-Ma.c*
Vulcan Detinning—Preferred stock (also as to assets) 7% cum
Waltham Watch—Common stock $7,000,000 authorized
Preferred (as to assets) 6% cumulative $5,000,000
1908
1899
1,000
1,000
e
1,000
100
100
100
100
Wells, Fargo & Co—Stock
United States Smelting Co., whose stock and $294,000 of whose $600,000
bonds are owned, defaulted on Oct. 1910 and 1909 coupons.
V. 89, p. 1144;
V. 90, p. 695.
REPORT for year ending Dec. 31 1909 given in V. 90, p. 695, showed:
Net earnings, $189,790: charges, $159,000; bal., sur., $30,790.
Pres., J. D.
Hawkins; Sec. and Treas., Spencer Penrose.
N. Y. office. 111 Broadway.
—(V. 89, p. 1144; V. 90, p. 506, 695.)
UNITED STATES RUBBER.—ORGANIZATION AND PROPERTY.—
Organized under taws of New Jersey in April 1892 for the manufacture of
rubber boots and shoes. Ac.
V. 55. p. 1039; V. 56. p. 539; V. 71. p. 545.
In Sept. 1908 purchased the stock of the Boston Rubber Shoe Co.; see V. 67,
p. 905: V. 67. p. 691, 738, 802, 905: V. 82, p. 575, 1501.
English subsldlaiy, Wm. Symington 6b Co.. L
Ltd., V. 83, p. 629. As to arrangement
with Inter-Continental Rubber Co.,
purchased $1,977,400 of the $2,000,000 Revere Rubber Co. stock at $200
per $100 share, and In 1909 also acquired a large Interest In the Canadian
Consolidated Rubber Co.
V. 89, p. 1673, 1599; V. 90, p. 451, 1293.
In 1908 over 85% of the Rubber Goods Co. stock had been acquired.
STOCK.—First pref. stock has preference as to assets and dividends; 2d
pref. only as to dividends; bonded debt can be created only with consent of
three-fourths in interest of each kind of stock present at a meeting called for
the purpose.
V. 82, p. 52. See editorial May 1893 "Supplement.”
In Jan.1910 $3,561,400 first pref. stock was offered to stockholders at 110,
payable on or before Feb. 1, the stock being underwritten by a syndicate
at the same price, raising the amount outstanding to $39,824,400.
See
bonds below and V. 89, p. 1673; V. 90, p. 56, 1294.
Of the $25,000,000
com. stock shown above, $1,334,000 Is In treasury of a subsidiary company.
DIVS.
*00. *01. *02-*03. *04. *05. *06. ’07. *08. 1909
1910.
Common
2 None None
0
0
0
0
0
0
0
1st pref
8
None
1
4M
8% yearly (2% quar.)
2d pref.
Issued in 1905
1H
6
6
6
6
6
BONDS.—The collateral trust bonds are secured by pledge of stock
of subsidiary companies; annual sinking fund for redemption of bonds,
$500,000.
Coupon bonds to be drawn before registered and registered
bonds of small denominations before those of larger ones. Of the bonds
$15,000,000 were sold to retire the $8,000,000 U. S. Rubber 5% notes
and $4,500,000 Boston Rubber Shoe 5% debentures which were called for
payment on March 15 1909, and for other purposes; $666,000 were retired
V. 87, p. 1483; V. 88, p. 56, 1377.
by sinking fund to Oct. 1910.
The re¬
maining $5,000,000 bonds were sold to a syndicate at par. V. 89. p. 1673.
V. 90, p. 1177, 1294.
The quick assets, Incl. subsld. cos., shall at all times
exceed the aggregate indebtedness other than the bonds issued hereunder
by
an amount equal to 130% of face of such bonds at the time
outstanding.
The General Rubber Co., with $3,000,000 stock, the crude rubber sub¬
sidiary, In July 1905 authorized $9,000,000 4H% bonds, guar, by U. S.
Rubber and Rubber Goods Mfg. companies, of'which $6,000,000 have been
Issued.
V. 81, p. 36. 1103; V 82, p. 1100; V. 83. p. 690
REPORT.—Report for
All Cos.
Fiscal Year.
1909-10
1908-09
:
ending Mch. 31 1910 in V. 90, p. 1293.
Other
All
Bad
Balance,
Income.
Interest.
Debts, Ac.
Surplus.
$1,024,950 *$1,831,161
$53,498
$6,135,163
1,157,788
2,193,937
64.546
4.507,655
year
Operating
Profits.
$6,994,872
5,608,351
From the surplus in 1909 there was paid 8% ($2,976,305) on first pref. and
6% on 2d pref. ($597,900), $100,000 for reserve for doubtful accounts and
$500,000 reserve for contingencies, leaving balance for year of $1,960,958.
•
Includes interest on loans, $394,977; int. allowed customers,
$447,267,
and Int. on 10-year 6% bonds, $988,917.
DIRECTORS.—Samuel P. Colt, H. E. Converse, James B. Ford, J.
Howard Ford, J. D. Vermeule, Hemy L. Hotchkiss, Lester Leland, Fred’k
M. Shepard, Frank S. Hastings, Walter S. Ballou, D. Lorne
McGlbbon,
Francis L. Hlne, A. N. Brady, E. C. Benedict, Wm. H. Truesdale, Arthur
L. Kelley, Edward R. Rice, Homer E. Sawyer and Elisha S. Williams.
PreS., Samuel P. Colt; V.-P. A Treas., James B. Ford; 2d V.-P., Lester
Leland; Sec., Samuel Norris; Asst. Sec., John D. Carberry; Asst. Treas.,
W. O. Parsons.
N. Y. office. 42 Bway.—(V. 90, p. 1300. 1366.)
„
UNITED STATES SMELTING REFINING
& MINING CO.—ORGANI¬
ZATION .—Incorporated Jan. 10 1906 in Maine and acquired over 99% of
the $13,989,300 U. S. Mining Co. stock per plan V. 82, p. 105.
A syndicate
consisting of Lee, Hlgginson & Co. of Boston and others underwrote $7,500,000 common stock, Issued for cash. The U. S. Mining Co. owned the
group of mines In Bingham, the Centennial-Eureka mine at Tintic, a large
Ume quarry, the Mammoth mine in Kennett, Cal., a
copper and lead smelter
in Utah, a copper smelter at Kennett and a
controlling Interest in the
DeLamar refinery at Chrome. N. J. Other acquisitions, see V. 82. p. 396;
V. 85, p. 534: V. 86, p. 1340; V. 84. p. 1243; V. 88,
p. 1435; V. 90. p. 1361.
DIVIDENDS.—Dividends on preferred, 87 H cents per share, 1K%
(quar.). paid April 1906 to Oct. 1910, Incl. Dlv. on com., \ %% (quar.),
paid April to Oct. 1907, incl.; 1908 to Oct. 1910, 4% (Q.-J.).
REPORT.—Report for year ending Dec. 31 1909 was In V. 90, p. 1361,
showing: Net after repairs, $4,155,012; depreciation fund, administrative
exp., Ac., $1,018,651; div. on minority stocks sub. cos., $5,910; pref. dlv..
$1,700,963; dlv. on com. stock (4%), $701,961; bal., sur., $727,526.
OFFICERS.—Chairman of Board and Pres.. Wm. G. Sharp; V-P
Charles G. Rice, Frederick Lyon, Sidney J. Jennings; Sec. and Treas
F. Wlnthrop Batchelder; Managing Director, A. F.
Holden, Cleveland. O.
Office, 55 Congress St., Boston.—(V. 88, p. 1435; V. 90, p. 1361.)
,
,
UNITED STATES STEEL
CORPORATION.—ORGANIZATION.—In-
»“• pei«r>-1#01, per p,“
v-72, p- *4.1,679
PROPERTIES OWNED.—The properties owned Dec. 31 1909 were:
127 blast furnaces, 254 open-hearth furnaces and 35
Bessemer steel con¬
verters. 9 steel rail, 57 bar. billet. Ac., mills; 13 structural
shape mills
19 plate mills: 3 plants, comprising 80 puddling furnaces;
69 merchant
mills, producing bar iron, steel, Ac.; 235 hot mills, producing tin plate. Ac.:
23 rod mills: 56 (welded and seamless) tube mills; 19
bridge and structural
plants; 17 skelp mills; 24 complete foundries; 189 sheet. Jobbing and plate
mills. 15 piercing and rolling mtUs; 56wiremtlis; 35
galvanizingnndtinning
mills; 1$ splice, bar, spike, bolt, &c., mills; 4 cement
plants; 64 ware¬
houses: 21 miscellaneous armor, axle, Ac., works; extensive
iron ore mines
Lake Superior region; owns or leases 123,491 acres of coking coal and
&
23,084 beehive coke ovens, Ac., in
Pennsylvania
and West Virginia; 612 by-product coke ovens at
Benwood, W. Va., Joliet,
Ill** And Sharon and South Sharon, Pa.; 34,241 acres of steam and
gas
tends, Ac., railroads, lake vessels, ore docks, natural gas lands, <fco.; coal
also
Southern coal and coke property owned by Tennessee
Coal, Iron 3k RR
consisting,of mineral interests owned, 148,245 acres; mineral interests and
surface, 181,124
acres;
surface, 5,987
acres;
2,974 beehive
cove ovens,
1,200,000
903.000
403,000
3,715,000
1.124.000
1,000
1,000
800,000
6s Nort hern Ry—S
100 27.984,400
100 18.000.000
1,000
Ac*
A
A
M
6s
6b
6b
6s
6s
6b
2,880,000
1,500,000
1,500,000
1,200,000
812.000
10.000.000
9,000.000
6,732,000
1,000,000
1,000
1,150,000
Connellsville & Monongahela
1909
:
Johnson Co of Penn 1st M part red 105 Sept 1 yearly..Us.c 1894
Amer SS 1st M g gu p A 1 end 81 (V 74,
IS.c&r 1900
p 1146)
Pitts SS mtge sink fund redeem at par (V 75, p 1305)
1900
H C Frick Co mtge s f red 105 $100,000 yrly July 1
FPi
Pittsburgh Bess & Lake Erie RR, Bess & L E and Duluth MIssab
Vlrginia-Carolina Chemical—Stock
$6,900,000
11,700,000
458,000
4,874,000
1,500,000
7,000,000
5,000,000
24.000,000
5 g
4.4 g
5
i*
O Apr
Office Empire Bldg, N V
11913
Colonial Tr. Pitts ANY
Union Trust Co, PIttsb
do
do
Aug 1911-39
Jan
1911-25
July 1911-13
Aug 1 1915-26
Feb
N
Pittsburgh Trust Co.Pitt
1 1932
May 1 1941
1969
A
6b O Oct 1 1937
6
J
6b
1 1916
Jan
J
5
M 6b
S Sept 1 1946
5
M 6b
S Mch 1 1914
5
A 6b O Oct 1 1955
4
M 6b
S Sept 1 1930
6
M 6s
S To May 1914
M
6b
N Nov 1 1920
J
6b
J Jan 1 1915
5 g
6b
J
J July 1 1911-18
ee those
compani es under RRs—
See text
Nov 15*10 IH%
Q—F
8
Q—J 15 Oct 15 *10 2%
J
6b
D Dec 1 1923
5g
5 g
M 6b
S
See text
Q—J
See text J
6b
J
6 in 1909 J
6b D
See text J
6b
J
do
do
do
do
do
do
Fidelity Title 6b Tr, Pitts
Home Tr Co, New Jersey
Office, Empire Bldg, N Y
Office, Carnegie Bid,Pitts
U S Trust Co, New York
Illinois Tr & Sav Bk, Chic
Union Trust Co, PIttsb
Bk of Amer, NY; or Pitta
For other bonds see text
Checks mailed
do
Central Trust Co,
N Y
Mch 1 1949
Bk of Manhattan Co, N Y
Oct 20 *10
1 H Checks mailed
do
Jan 1 ’10 1H%
do
June 1 1910 3%
July 15 *10 5% Office 51 Broadway, N Y
Leading Subsidiaries and Their Share Capital, Practically All Owned.
Total.
Stock of—
Total.
Federal Steel, com
$46,484,300 Amer. Tin Plate
ft$25,000
do
6% pref.. 53,260,900 Amer. Sheet, com
24,500,000
National Tube, com
40,000,000 Am. Sheet 3b T. Pl.,7%pf 24,500,000
do
7% pref— 40,000,000 L. Superior Con. I. Mines 29.887,400
Amer. Bridge, com
30,950,800 Shelby Steel Tube, com.
8,151,500
do
7% pref— 31,373,800
do
7% pref._
5,000,000
Amer. St. A Wire, corn.. 50,000,000 Union Steel Co
20,000,000
do
7% pref— 40.000.000 Clalrton Steel
3,500,000
Carnegie Steel Co
a65.250.000
a A merger in 1903 of the Carnegie Co. (stock $160,000,000);
National
Steel Co. (com. $32,000,000 and pref. $27,000,000) and Amer. Steel Hoop
Co. (com. $19,000,000 and pref. $14,000,000).
b Formerly $28,000,000
com. and $18,325,000 pref.
Output of Company in 1909, Gross Tons (see V. 90, p. 777).
Iron ore
-—23,431,047 Bessemer steel rails
1,719,486
Pig iron, splegel, Ac
11,618,350 Finished structural work.
530,766
Bessemer steel
5,846,300 Plates and sheets
1,754,775
Open-hearth steel
7,508,889 Wire and wire products.. 1,607,689
Coke, manufactured
13,590,112 Blooms, slabs, billets, &c.
675,614
Coal (not used for coke).. 3.089.021 All other finished products 3,571.330
On Jan. 1 1903 took over the entire capital stock of the new Union Steel
Co., $45,000,000 of new 5% bonds being guaranteed, principal and interest.
See that company on a preceding page.
V. 75, p. 1359; V. 76, o. 107. 646;
V. 78, p. 1174.
In 1904 acquired Clalrton Steel Co., guaranteeing $10,230,000 bonds.
In 1908 purchased Schoen Steel Wheel Co.
V. 87, p. 101, 229.
In April 1906 the Indiana Steel Co. began to build a new plant at Gary, in
Lake County, Ind., to cost about $115,000,000.
To Jan. 1910 $55,000,000
had been set aside from earnings, to build this
plant, of which $48,620,192
had been expended.
V. 82, p. 575, 637, 702, 991, 1216; V. 83, p. 1123;
V. 84, p. 635; V. 86, p. 731; V.87, p. 351, 484; V. 90. p. 779; V. 91,
p. 721.
In Oct. 1906 a lease of the ore lands of the Great Northern
Ry., Northern
Pacific Ry. and others on a royalty basis was arranged, to continue until the
ore is exhausted, unless the lease Is terminated Jan. 1 1915 under the
option
reserved to the Steel Corp.
Minimum tonnage to be mined, 750,000 In
1907, increasing 750,000 yearly until 8,250.000 is reached: cost to be $1 65
Stock of—
?er
3.4 936;
centsV.per
increase
83, p.
standard
annually.
22,ton
912,
1290; V.ore.
84, with
p. 755,
86.ton
p. 855;
V. 87,
p. 952. V.
In 1907 acquired practically all of the stock of Tenn. Coal Iron 3b RR.,
which see.
V. 85. p. 1212. 1272. 1407; V. 86, p. 730; V. 88. p. 1066.
DIVID’S.—11902. 1903. 1904-05. 1906. *07. *08.
1909.
1910.
Common— % >
4
3H
None.
1H
2
2
H.H.H, 1
Below
Preferred ..%j Aug. 1901 toNov.29 1910,7% perann. (1 }£%quar.)
In 1910, on common, March, 1% and H% extra; June, 1 \i%; Sept.,
1H%; Dec., 1 H%.
V. 90, p. 1177.
BONDS.—The collateral trust 5% bonds of 1901 were secured by all the
securities owned: $154,000,000 only (series A, C and E) are subject to call
in whole or part at 115% after April 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 l 1911 may be applied to the re¬
demption of series A, C and E bonds to be drawn by lot.
$25,847,000. not included In
In Jan. 1910
amount shown in table above, had been so pur¬
chased and were held alive in sink. fund. Carnegie holdings, V. 77, p. 2039.
The coll, trust sinking fund 2d mort. 5s of 1903 (V. 74. p. 584, 733,
892; V. 76, p.
545) are next in rank and similar in form to the 5s of 1901*
They are subject to call after ten years from date at 110 and Int. in whole
or part (if the latter to be designated
by lot and coupon bonds to be re¬
deemed first).
An annual sink. fd. of $1,010,000 will provide for retire¬
ment of the bonds.
No foreclosure proceedings can be brought for default
(In payment of prin. or int. continuing) for less than two years.
In Jan.
1910 $7,849,500 not Included In table above were held alive in sinking fund.
In 1903 $150,000,000 pref. stock was exchanged. $ for $, for second mort.
bonds. $20,000,000 of the bonds being also sold at par to provide for im¬
provements and $30,000,000 exchanged In Nov. 1907 for Tenn. Coal, Iron &
RR. com. stock.
Final $50,000,000 (of the authorized issue of $250,000,000 2d 5s of 1903) is applicable for exchange for preferred stock.
See V.
76, pi 334 , 439, 545, 1147, 1200; V. 77, p. 717, 827, 1536, 2039; V. 78, p.
1173, 1786; V. 79. p. 1283; V. 85. p. 1212, 1282: V. 86, p. 730.
Bonds of Companies Controlled Not Mentioned in Table Above.
Interest.
Outstanding. Maturity.
Allegheny Furnace mortgage
5 F, A A.
$78,000
Aug. 1 1911
Host .Conn .Coke 1st M (V.85,p.l466) 5 F. 3c A.
809.000 July 1 1942
Contin’l Coke Ms last installment
5 F. A A.
100,000
FeD. 1911
Due $37,000 yearly
4 H April 27
333,000 Apr. ’ll-’lO
Carnegie Co. collateral trust mtge— 5 A. A O.
43,000
Apr. 1 2000
Rosena Furnace first mortgage
5 J. A D.
250,000
Dec. 11912
Schoen SteelWheel Co.1st M.g.gu.byl
Carnegie Steel Co. of N.J.,red. 105/5 g M. A 8. 1,238,000 Mch. 1 1926
Little Vermilion Coal first mtge.-. 5 J. & J.
128,000 July 1 1920
LATEST EARNINGS.—For 9 mos. ending Sept 30 (“Chronicle” Oct 29)
Six
Net over
Int.,s.f.
Addit’ns.Div.(3 M%) Div. on
Balance,
Mos. repairs, Ac. depr., Ac. const., Ac. on pf. stk. com. stk.+
surplus.
1910-115,153,023 4'*,656,236 20.000.000 18,914,757 19,0 1,343 16,520,687
1909- 9
08,666 39, 81, 71 10,0 0,000 18,914,757 11,436.807 11,0*6,031
•In 1910, SH%: in 1909, 2tf%.
.
Tonnage of Unfilled Orders (00,000 omitted).—Compare V. 91,
1910
1909
—1908—
p.
280.
*07. *06. *05. *04.
Oct. Sep. Aug. J'ly J'ne Mch. Dec. Sep.Jne Mch.Sep.Mch. Sep.Dec.Dec.Dec.
3.1 3,5 3,9 4,2 5.4 5,9 4,7 4,0 3,5 3,4 ,37 6,4 8,4 7,6 4,6
REPORT.—For 1909 was given in V. 90, p. 768, 775; edit. o. 741,
Year ending Dec. 31—
1909.
1908.
1907.
Gross sales and earnings
—$646,382,251 $482,307,840 $757,014,768
Repairs, charges, sub. cos., Ac— 514,890,837 390,460,180 596,050,094
Net earnings
—$131,491,414
Sinking fund of subsld. cos.’ bonds $1,724,260
do
of U. S. Corp. bonds—
5,630.507
Depr. A extin. funds (leg. prov.).
5,884,367
Extra, replae't funds (reg. prov.)
16,109,687
Special funds for impts. A exten.
$91,847,710 $160,964,674
$1,588,070
$1,977,761
5,385.203
5,137.407
15,000,000
3,200.000
54,000,000
_
Set aside for construction, Ac
Reserve to opver adv. royalties-.
Interest on U. S. Steel bonds
3,844.214
11,532,807
0,081.746
15,560.237
3,500,000
23,862,647
2*2,800,353
Deprec. in invent, and adjustm’ts Cr .548,445
Cr.94,036
681,516
Dividend on preferred stock. ——(7)25,210,677 (7)25,219,677 (7)25,f 19,677
do
common stock.
(4)20.332,100(2)10.166,050(2)10.166,050
23,617,293
.
Balance, undivided earnings... $15,321,918
$10,342,087
$13,179,637
Oct.,
Date
MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page)
Welsbach Co—Collateral trust mtge fold $7,000,000 s f-.PlP
-------Western Electric Co. (Mfg.) —Stock $25,000.000
first mtge $15,000,000 gold call be* 1912 at 105_._MC,c*
Two-year notes (secured by $6,250,000 1st 5s)
Ma.
Western Telephone ft Telegraph—6% cumulative
----Collateral trust gold bonds $10,000,000
OB.c*
Secured gold bonds red 105 begin 1922 (see text)----OB.c*
Collateral notes redeemable (text)
OB.cAr
Western Transit Co—Bonds guar by N Y C extended In 1903
Western Union Telegraph—Stock $125,000,000 authorized. _
------------Me.c*
Collateral trust bonds
Funding and real estate mortgage $20,000,000 gold._F.cAr
Cold bonds, to be paid May 1 1912 convert <text)..B.c*ftr
Gold A Stock Telegraph Co debentures assumed
Mutual Union Telegraph Co 1st M assumed
—
Northwestern Telegraph Co 1st M, gu p A 1
Westinghouse Air Brake—Stock $14,000,000
Westing Elec&iHfg—Assen stk $56,000,000 auth (V 71p 1274)
First preferred ($4,000,000) stock 7% cum and particlpat
Debenture certificates gold redeem 105 (see text)
Me
Bonds (debenture) $25,000,000 oonv s f red (see text)
S
Collateral trust notes redeem extended In 1910 (text)
xc
Me
Collateral notes redeemable (see option text)
Walker Co first mtge (contingent liability) (see text)
Westinghouse Machine—Stock authorized $10,000,000
Mortgage due $35,000 yearly
Debentures $1,600,000 gold redeemable by lot at 105.Sinking fund bonds $10,000,000 authorized
—_•
Collateral notes secured by bonds $7,200,000 red par
r
Westinghouse Foundry 1st M guar due $50,000 yrly beg *07
DIRECTORS.—The directors are as follows:
To Apr. 1911.
To Apr. 1913.
Samuel Mather.
J. P. Morgan,
Daniel G. Reid,
Henry Phipps,
J. P. Morgan Jr.,
Thomas Morrison,
Elbert H. Gary (Ch’m’n),
George W. Perkins,
Edmund C. Converse,
Bonds
Par
Value
1900
$100 Ac
1909
1009
1910
1883
100
500 Ac
George F. Baker,
Nathaniel Thayer,
John F. Dryden,
1888
1900
1907
1898
1906
1907
1907
1898
1895
1900
1907
1908
1902
Henry C. Frick,
Percival Roberts Jr.
STOCK.—The remaining $2,000,000 preferred stock cannot be issued
in excess of $400,000 in any fiscal year except on vote of a majority of
the stock.
V. 78, p. 1451; V. 77, p. 355, 405; V. 78, p. 1503, 1970.
DIVS.-V96. *97toMch.*02,lncl. J’ne'02toJ’ne’03. *04-*08. *09.
1910.
Com -%) 1
5%
None. Aug.,3 Below
4%
Pref.,8%J
In full to Oct. 1910, inclusive (paid Q.-J. 15).
In Aug. 1909 3% on common from earnings of fiscal year 1908-09; 5%
from earnings of fiscal year 1909-10, payable 1*4% each on Aug. 15 and
Nov. 15 1910 and Feb. and May 15 1911.
V. 91, p. 99.
,
BONDS.—The first mortgage 5s of 1908 ($15,000,000 authorized issue),
of which $12,000,000 have been sold (the remainder not being issuable for
three years) to retire the $4,500,000 collateral trust bonds of 1902, called
for payment at 105 on April l 1909, and for working capital.
They are
subject to call as a whole at 105 and $300,000 yearly for the sinking fund
at 102 *4.
They are secured by (1) a first lien on all real estate and plants
owned In fee and (2) a pledge of all the shares of the Southern Cotton
Oil Co. ($10,000,000), all the shares of the Charleston (S. C.) Mining A
controlling Interest in the Elnlgkelt (potash) Co.
the Chemical Works Schonebeck, Ltd. (costipg more than $3,000,000),
and all other stocks owned by the company in other companies at the time
of the making of the mortgage.
The current assets, including subsidiaries,
shall at all times exceed the current lialblltles by the amount of the out¬
ana
p.
1361, 1092.
REPORT for year ending May 31 1910 in V. 91, p. 150, showed gross
profits, $5,336,669; int. on bonds, $592,500; int. and disc., $387,548; div.
pref. (8%), $1,440,000; dlv. on com. (5%), $1,399,220; bal., sur.,
$1,517,401.
on
DIRECTORS.—S. T. Morgan (Pres.), E. B. Addison, James N. Boyd,
T. C. Williams Jr. of Richmond. Va.; N. S. Meldrum, Henry Walters,
Harry Bronner, L. R. Oudln, New York; James B. Duke, Somerville, N. J.;
Geo. W. Watts, Durham, N. C.; Fairfax
Harrison, Washington, D. C.; W. H. Williams, Winston-Salem, N. C.
Sec. Is S. D. Crenshaw; Treas., S. W. Travers, Richmond, Va.—(V. 89,
P. 161. 169. 220. 230. 415; V. 91. p. 99. 150.)
R. J. Reynolds, Winston, N. C.;
VIRGINIA IRON COAL ft COKE CO.—ORGANIZATION.—Owns fur¬
at Roanoke, Pulaski, Radford, Graham, Max Meadows and Reed
naces
Island, Va.; Bristol and Mlddlesborough, Ky.; Crescent Horseshoe Works,
Max Meadows, Va.; steel works at Mlddlesborough, Ky., and certain foun¬
dry and machine works.
Also owns about 132,000 acres of coal lands, and
owns and controls about 209,000 acres iron and ore and timber lands.
V. 68, p. 675; V. 69. p. 388: V. 76, p. 272: V. 79.p. 1703; V.«l,p.l615
In 1906 sold $1,004,500 stock of Va. A S. W. Ry.
V. 87. p. 739.
Stock authorized, $10,000,000, all common; outstanding, $9,073,680; par
$100. On Oct. 1 1907 paid a 5% stock dividend.
V. 85, p. 350. About
$5,000,000 stock was deposited in March 1907 In a 5-year voting trust.
See V. 84, p. 512.
Readjusted per plan V. 75, p. 348, 398, 736. Of the 1st 5s, $4,668,000
have been canceled; the $458,000 unissued are held to retire prior lien
bonds, viz.: $458,000 Carter Coal A Iron sinking fund gold 5s, due Oct. 1
193$, subject to call at 105 (New York Trust Co., trustee).
Report for
year ending June 301910 was in “Chronicle” In Nov., showing: Gross earns.,
$3,695,225; net, $517,879; other Income, $41,003; charges, taxes, Ac.,
$688,809; bal., def., $129,927.
Pres., Henry K. McHarg, New York.
Office. Roanoke, Va.—(V. 87. p. 739; V. 89, p. 850, 917; V. 91, p. 966.)
VULCAN DETINNINO CO—ORGANIZATION.—Incorporated in New
Jersey on April 25 1902 as a consolidation; V. 74, p. 942.
Has plant at
Streator, Ill., and Sewaren, N. J.; manufactures “Merchantable pig tin”
and steel scrap (used by steel mills) from tin plate waste.
V. 83, p. 42,
1284.
Favorable decision June 1909, V. 88. p. 1626.
STOCK.—Common stock, $2,000,000: preferred stock, $1,500,000, 7%
cumulative, all outstanding. Par of shares, $100. No bonds.
DIVS.—
1 *03. *04. *05. *06. *07.
1908.
1909.
1910.
Preferred (%)) 6*4
5 7*4
5 Oct., 1*4 5 (Q-J)
0
6*4
Common (%) j $
0
o
0
o
o
o
In 1910, Jan., April and July, each 1 *4% and *4 of 1% extra; in Oct.
1910, 1*4%.
Accumulated pref. divs. Oct. 1910, 19*4%.
REPORT for year ending March 31 1910, in V. 90, p. 1612, showed
surplus of $118,685 over $90,000 (6%) divs. on pref. stock.
OFFICERS.—Pres., E. E. Splegelberg; V.-P. and Treas., Adolph
Kern: Sec.. Chas. P. Hull. Office. 114 Liberty St.. N. Y.—(V. 90. p. 1612.)
WALTHAM WATCH CO.—ORGANIZATION.—Incorporated in Massa¬
chusetts In May
1042,
of
1906
American
as successor per plan of
Waltham Watcn Co.
watches; factory situated
V. 84, p. 630. '
at Waltham. Mass.
10,000,000
re-capitallzetlon In V. 82, p.
Manufactures “Waltham”
V. 76. p. 161; V. 82, p. 1042;
3H
3 in 1910
5
g
4 g
4H
6 g
4*4
See
text
text
See text
5 e
5 g
6
5
6 g
See text
6
See
800,000
1.000
VIRGIN1A-CAROUNA CHEMICAL CO.—ORGANIZATION.—Incor¬
porated on Sept. 12 1895, and acquired many successful manufactories of
acids, chemicals and commercial fertilizers from Baltimore to Atlanta and
Savannah, several in Alabama, and one each In Mississippi, Louisiana and
Tennessee.
V. 68, p. 431; V. 69, p. 232, 964; adv. in “Chronicle” March 4
1899; V. 72. p. 444, 1186, 1191, 1285; V. 73. p. 137, 240; V. 74, p. 942, 1095,
V. 75. p. 81, 140, 496; V. 87, p. 283.
V. 87,
See text
1,500,000
99,787,000
8,615,000
1,000
1,000 Ac 20,000,000
1,000
8,000.000
500
500,000
1,957,000
1,500,000
50 13,750.000
50 36,720,487
50
3,998,700
1.840.000
1,000
1,000 20.486.754
4,000,000
1,000 Ac
£ or $
2,720,000
850,000
1,000
50
7,373,450
140,000
1,000
825,000
1,000
See text
1,000
500 Ac
6.473,000
UTICA OAS ft ELECTRIC CO.—V. 86, p. 1228;V. 87. p. 541.
standing bonds.
Payable
100
OFFICERS.—Pres., W. E. Corey; 1st V.-P., Wm. B. Dickson; Sec. and
Treas.. Richard Trimble; Comptroller, William J. Filbert.
Office, 71 B’way, N. Y.—(V. 91, p. 280, 407, 522, 721, 809, 1098.)
a
When
%
1,000
1,000
1,000
Robert Wlnsor.
Charles Steele,
William H. Moore,
Norman B. Ream,
Peter A. B. WIdener,
James H. Reed,
William E. Corey,
Rate
i*
is
1,000
1902
1907
Amount
Outstanding
$6,576,000
15.000,000
6,750.000
5,000,000
16,000,000 5 in 1910
5 g
9.873,000
100
To Apr. 1912.
Clement A. Gris com.
Henry Walters.
Alfred Clifford.
Mfg. Co. ($2,219,200),
1«3
INDUSTRIAL STOCKS AND BONDS.
1910.]
Places Where Interest and
Dividends are Payable
Last Dividend
and Maturity
Phila Prov L A Trust Co
Checks mailed
D Junel 1980
Nov 1 1910
J Dec 31 1922
J
A
J
A
J Jan 1 1912
F
A
A Aug 1 *10 2*4%
J
A
J Jan 1 1932
Apr 1 1937
F
A
A Feb 1 1912
F
A
A Feb 1 1923
Oct 15*10 H%
Q—J
J
A
J Jan 1 1938
MAN May 1 1950
MAN Nov 1 1936
MAN May 1 1915
MAN May 1 1911
J
J Jan 1934
A
Oct 10 *10 5%
Oct 10 ’07 2 *4%
Oct 15*10 5*4%
J
ft
Q—F
Chicago and New York
Manhattan TrCo.N Y
243 Wash’n St. J C, N J
Old
Boston, Mass.
Grand Cent Station, N Y
Office, 195 Bway, N Y
do
do
do
do
do
do
Pittsburgh, Pa
Office 165 Broadway.N Y
do
do
Mercantile Trust Co, N Y
Standard Trust Co, N Y
July 1 1913
Jan
1 1931
Aug 1 1913
Oct 1 1917
Jan 21916
Oct 10 *07 2 *4%
June 1911-14
l*
6
July 1 1920
5
May 1910-26
Jan
Jan
1 1932
1 1911
Colony Trust Co, Bos
Boston, Mass
New York or London
Central Trust Co, N Y
East
Pittsburgh, Pa
Fidel Tit A Tr Co, Pittab
do
do
Standard Trust Co, N Y
Checks mailed
Colonial Trust Co. Plttsb
Divs. on stocks of new co., 3% on pref. Dec. *06; in 1907 to June 1910.
6% (J. A D.); on common. In 1907, 3%; 1908, Jan., 1*4%; July, %%;
1909, 3% (J. A J.): 1910, Jan., 1 *4%; July, none.
V. 90, p. 1683. Bal¬
ance sheet, V. 88, p. 1617.
Pres., Ezra C. Fitch; Treas., Royal Robbins,
200 Devonshire St., Boston.—(V. 87, p. 1667; V. 88. p. 948, 1617; V. 90,
p.
171, 241, 1683.)
'
WELLS. FARGO ft CO. (EXPRESS).—Incorp. in Colorado Feb. 5
1866.
On June 30 1910 operated on 46,803 miles of railroad in the U. S.
and Mexico, 14,166 miles of stage, inland and ocean steamer routes; total,
60,919 miles (but see V. 87, p. 484).
Also jointly with Nat. Rys. of Mexico
controls the Mexican Express Co. (Companla Mexicana de Express)*
Official circulars, V. 83, p. 90, 163, 268, 434.
DIVIDENDS.—
Cash
f *72.*73-*94.*95-*01. *02. *03-*05. *06.
%\ 6*4 8 y’ly. 6 y*ly. ‘ 9
8 y’ly.
9
*07toJuly’10.
10 (5 J.AJ.)
On Feb. 10 1910 an extra dividend of 300% was paid from accumulated
surplus, shareholders being allowed to use two-thirds of this in paying for
$16,000,000 new stock, increasing outstanding issue from $8,000,000 to
$24,000,000.
V. 89, p. 1355, 1674.
Oct. 29 or Nov.:
Report for year end. June 30 1910, in “Chronicle
Gross receipts express business, $27,303,702, against $24,476,432 in 1908-09;
total net income, $4,824,541, against $4,664,379.
Profit and loss surplus
June 30 1910, $3,657,055.—(V.90,p.307, 379, 452, 564; V.91,p.l040, 1098.)
#4
_
WELSBACH CO.—See page 165.
WESTCHESTER LIGHTING—See Consolidated Gas Co. of
WESTERN ELECTRIC CO., NEW YORK AND
New York.
CHICAGO—Incorp. In
Ill. in 1881.
“The largest manufacturer of telephonic apparatus in the
world and the largest distributer of electrical supplies in the United States.”
On Dec. 31 1909 had 18,000 employees.
Controlled by Amer. Telephone
A Tel. Co. through ownership of $12,000,000 of its $i 5,000,000 capital stock.
Authorized bond issue, $15,000,000, of which $8,750,000 sold and the
remaining $6,250,000 pledged as security for the $5,000,000 2-year 4*4%
notes.
V. 90, p. 307.
Cash dividends averaged 7.29% per annum from 1881 to 1895 and 8%
yearly 1896 to Nov. 1910, Inclusive.
Report for year ending Nov. 30 1909 in V. 90, p. 624, showed: Gross sales,
$45,575,138; net applicable to Interest charges, $2,404,010; Interest,
$313,746; divs. (8%), $1,200,000; bal., sur., $890,264.
See V. 90, p. 307.
Pres., H. B. Thayer; Treas., J. W. Johnston; Sec., G. C. Pratt.
N. Y.
463
office,
West St.—(V. 90, p. 114, 307. 624; V. 91, p. 731.)
WESTERN ICE CO.—See page 165.
WESTERN TRANSIT CO.—Owns piers, Ac., In Buffalo, N. Y., fleet of
barges used on the Great Lakes,
Cal. year 1908, gross, $1,482,028;
net, $102,505; int., Ac., $55,895; sur., $46,610.—(V. 79, p. 738.)
14 steamers (of which 8 steel), and also
N. Y. Cent, owns the $1,000,000 stock.
WESTERN TELEPHONE ft TELEGRAPH CO.—Owns 77%
of the
Cleveland Telephone Co., 82% of the Northwestern Telephone Exchange
Co., which operates the Duluth Telephone Co. and Mesaba Telephone Co.,
and 84% of the Southwestern Telegraph A Telephone Co., 82% of the
Wisconsin Telephone Co.
These companies operate in Ohio, Minnesota,
North and South Dakota, Texas, Arkansas ana Wisconsin, under licenses
from Am. Telephone A Telegraph Co., which owns the balance of the stock
of the three first named.
Amer. Tel. A Tel. in May 1909 owned $12,187,600
pref. and $9,143,500 com. stock. V. 84, p. 1058. Com. stock is $16,000.000; pref., see table above.
Incorp. in N. J. Jan. 22 1902 as successor of
Erie T. A T. Co., per plan In V. 73, p. 1359; V. 74, p. 42.
DIVIDENDS —Div. on pref., Aug. 1902 to Feb.
Since to Aug. 1910, 5% yearly (F. A A.).
1904, 4% yearly (F. A
A.).
BONDS.—Ail Erie bonds except $39,000 have been retired.
New bond*
secured by stks. and bds. owned. See list, V. 74, p. 893; V. 84, p. 1058.
gold bonds dated 1907 heretofore used to secure notes have
as collateral (see V. 84. p. 1058) securities the value of whioh must always
exceed by 33 1-3% the principal of the bonds.
The $10,000,000 collateral 5% two-year notes, dated February 1 1910,
are secured by
stocks and notes of controlled companies having an
estimated market value of about $19,750,000; they are callable on any int.
day on a 3 *4% discount basis. V. 90, p. 241. Notes payable to American
are
The secured
Teleph. A Teleg. Co. Dec. 31 1909. $2,925,000, and to sub. cos., $1,017,000.
Postal Teleg.-Cable Co. of Texas, $1,189,000 30-year gold 5s, due Jan. 1
1928, guar, of interest and sinking fund (sufficient to retire bonds at matur¬
ity). assumed on purchase. March 15 1902. V. 76, p. 335.
REPORT—Report for year ending Jan. 31 1910, with balanoe sheet. In
153, showed: gross, $2,169,642; expenses, interest and taxes,
$1,308,171; net revenue, $861,471; div. on pref. (5%), $800,000; bal.,
sur., $61,471.
Office, 243 Washington St., Jersey City.—(V. 91, p. 158 )
V. 91, p.
pected to result in saving in operating cost. V. 89, p. 1355, 1546; V. 90,
p. 714, 785.
In 1909 sold to Am. T. A T. Co. the $16,221,800 N. Y. Tele¬
phone Co. stock owned for $22,500,000, payable 1910 to 1915.
STOCK—In 1892 increased stock from $86,200,000 to $100,000,000, Of
which $8,620,148 was then paid as scrip dividend to represent surplus earn¬
ings expended on the property and $2,630,000 still unissued, of which
$1,217,125 was distributed m Jan. 1908 ana $1,230,100 In April 1908 in
lieu of cash divs.
In Nov. 1906 stock was ^increased to $125,000,000, to
provide for conversion of new bonds.
DIVS.—
1908.
j’93 to *07.
1909,
Since 1893,%!5% yriy.
3*4% (lncl. 2*4% stk.)
3
Dividends are to remain 3% yearly, pending Improvements,
1910.
$
y. 9Q, p. 931,
STOCK.—Pref. stock cannot be Increased nor mortgage authorized with¬
out consent of H of each class.
V. 64, p. 698.
Stockholders were offered
the right to subscribe for the remaining $500,000 pref. stock In the treasury
BONDS—On June 301910 the following stooks (par value) were
for the collateral trust bonds: Gold A Stock Telegraph, $1,111,800;
national Ocean Tel., $1,961,500; N. Y. Mutual Tel.. $2,387,700;
5,000,000
Jrorata
atpref.
par. outstanding.
payable on orV.before
March
90, p.
241; 1 1910, making the entire
and bonds. Mutual Union Tel. 6s, $8,043,000.
New
WESTERN UNION TELEQRAPH—Organized under the laws of
York State on April 2 1851, and present name adopted in 1856.
As to
favorable decision In Oct. 1903, seev. 77, p. 953, 2160; V. 78, p. 588,1227;
V. 82, p. 336: V; 89, p. 533.
In Nov. 1909 the Amer. Tel. ft Tel. Co. acquired a substantial minority
Interest (understood to be about $30,000,000) In the stock, including the
Gould holdings.
The operation of the two properties in harmony is ex¬
Telegraph Co., $111,000; Washington A New Orleans Teleg. Co.,
It
164
The
INDUSTRIAL STOCKS AND BONDS.
funding and
real estate 4 *$s cover real estate in New York and
If a mortgage Is made, they will have a prior
V. 70, p. 384,
1203; V. 71, jp. 750; V. 74, p. 785; V. 78, p. 1451; V. 80,Hen.
p. 226.
The $10,000,000 gold bonds dated
1907, secured by deposit of $9,733,100
N. Y. Telephone stock (which It was
arranged In Sept. 1909 to seU to the
Am. T. & T. Co.), are to be caUed for
payment at 105 May 1 1912.
They
are convertible into stock at
par up to 30 days prior to redemption.
V. 83,
p. 628, 1361; V. 86, p. 234; V. 89, p. 991.
LXXXXI.
Directors.—Class expiring In July 1913—Richard Delafleld, T. W. LaD. Callery; class expiring July 1010—
Chicago.
1908-
[Yoi.
mont, Anthony N. Brady and J.
A. G. Becker, George M.
Verity. WilUam McConway and Charles A. Moore;
class expiring July 1911—Charles F.
Brooker, James S. Kuhn, Edwin F.
Atkins and E. M. Herr; class
expiring July 1912—George Westinghouse,
Robert Mather, Joseph W. Marsh and Albert H. Wiggin.
OFFICERS.—President, Edwin F. Atkins; Chairman of the Board,
Robert Mather; V.-Ps., E. M. Herr, L. A. Osborne and Charles A.
Terry;
Treas., T. W. Slemon; Sec., W. A. Esselstyn; ComptroUer, J. C. Bennett.
N. Y. office, 165 Broadway. Main office and
works, E. Pittsburgh, Pa.—
(V. 90, p. 1558, 1672; V. 91, p. 99, 280, 809.)
CanUalizcUion of heading Properties Operated Under Lease.
Lease
Int. or div.
Bonds
Company. Ac.—
expires.
Amount.
mature.
% Period.
Am. Tel. & Cable stock
1932 $14,000,000 5
No bonds
“
Q—M
Chic. & St. Paul Tel. stock..
WESTINGHOUSE MACHINE CO.—ORGANIZATION, &c.—Incorpo¬
2004
M&S
No bonds
46,000 3
rated In Penn. In 1881: manufactures steam
Dominion Tel. Co. stk. ($50)
engines, steam turbines, gas
1978
No bonds
711,700 6
Q—J
engines,
ras producers, Le Blanc condensers and
Empire & Bay State stock..
Roney mechanical stokers,
1989
No bonds
300,000 4
Q—M
under
Westinghouse
Franklin Tel. stock
In 1906 purchased (V. 83, p. 1417) the
* 1975
patents.
No bonds
367,100 2*4 M&N
Nernst Lamp Co., which had
Gold & Stock Tel. stock
Jan. 1981
outstanding $1,400,000 5% s. f. bonds. V. 85,
2,444,400 6
Q—J
p. 1085; V. 89, p. 596.
Bonds($500) , not mtge ext
500,000 4*i M&N May
Under the reorganization plan (V. 86,
Illinois & Miss. Tel
p. 113) there were authorized $7,J&J
None.
Perpetual
1,830,150 4
200,000 3-year 6% notes redeemable at par (denominations $500 and multi¬
Intern. Ocean Tel. stock
Jan. 1981
No bonds
1,015,400 6
Q—J
ples);
Issued,
N. Y. Mutual Tel. stk. ($25) Feb. 1982
$6,473,000.
They are secured by deposit of about $8,470,000
ell2,300
sink, fund 5s of 1932.
No dividends are to be paid on the stock until pro¬
Mutual Un. Tel. 1st mtge.
1911
/l,957,000 6g. M&N May
vision has been made for payment of aU notes
Northw. Tel. stk. ($50) ..May 7 1980
outstanding. The deposited
J&J
2,500,000 6
bonds may be sold to retire the notes
1st mtge., p. & i. guar (V.
entirely or pro rata.
Of the $1,500,000 5% gold
91, p. 1022)
debentures,
$140,000
reserved to retire 6s
1,500,000 4 H J&J Jan.
1934
due 1911-14.
V. 69, p. 854, 802, 1252.
Pac. & Atl. stock ($25)
99 years
541,850 4
J&J
No bonds
The
stockholders
will
Sou. & Atl. stock ($25)
vote Dec. 8 1910 on Increasing the Indebtedness
999 years
558.575 5
A&O
No bonds
by
Issuing bonds or other securities, secured by mortgage or otherwise, and
On June 30 1910 the company owned (not included In above
their sale, exchange or other
amounts)
disposition as required. V. 91, p. 966.
Chic. & St. Paul Tel., $54,000; Dominion Tel., $288,300; FrankUn
For year ending Mch. 31 1910, net
Tel.,
Income, $875,845; Int. and deprec’n,
$632,900; Gold & Stock Tel., $2,555,600; Int. Ooean Tel., $1,984,600; IU. & $446,278; bal.,
sur., $429,567.
V. 90. p. 1559.
Bal. sheet of Oct. 23 1907
Miss Tel., $100,350; Pacific & Atl. Tel., $1,458,150: So. &
was In V. 86, p. 106.
Atl., $390,475.
Pres., George Westinghouse; V.-P., H. H. Westing¬
Also owns through coUateral trust, viz.: e $2,387,700; / $3,043,000.
house;
2d V.-P. and Gen. Mgr., H. T. Herr; Treas., T. L. Brown:
The Montreal Telegraph Co. (stock $2,000,000;
Sec., T. S.
par $40; bonds, none) Is
Grubbs.
Office and works, East Pittsburgh, Pa.—(V. 91,
leased until 1978 to the Great N. W. Telegraph Co. of Canada.
p. 966.)
LATEST EARNINGS.—Revenue for 3 months ending Sept. 30 1910:
3 Mos. end. Sept. 30.
Net Rev.
Interest.
Dividends.
Balance.
1910
$2,000,000 $433,062(54%) $747,770
$819,168
1909
1,929,275
433,062
(54)747,492
748,721
INDUSTRIAL COMPANIES.
ANNUAL REPORT.—Report for 1909-10 was In V 91,
p. 1022.
1909-10.
1908-09.
1907-08.
1906-07.
SUPPLEMENTARY—See
also Tables 138 to 165.
Year ending June 30—
$
$
$
$
Revenues for the year._ 32,754,111
ALBEMARLE
&
CHES.
30,541,073
CANAL.—Chesapeake Bay to Albemarle Sound,
28,582,212
32,856,406
Op. exp., rent, taxes, &c 26,614,303 23,193,966 25,179,215 26,532,196 14 mUes. Stock, $558,000 ($100 shares)..
Outstanding bonds, $500,000 1st mtge. 4s, formerly 7s, due July 1909.
Remainder
Non-cum. income 3% debentures (Central Trust
6,139,808
7,347,107
3,402,997
6,324,210
Co., N. Y., trustee),
Income from Invest.,&c.
1,135,092 Included in '"Revenues for the Year” $115,000 due July 1 1909, Issued per plan V. 77,
p. 351, for the funded
portion of int. on 1st mtge. bonds to date of maturity,
and July 1902 cou¬
7,274,900
pon canceled.
V. 77, p. 351.
7,347,107
3,402,997
6,324,210
The Jan. and July 1909 coupons on the 1st
Dividends paid
2,989,696
2,739,436
1,714,571
4,868,096 mtge. bonds being in default, a bondholders’ committee was formed, con¬
Dividend rate
3%
sisting of James M. Edwards of R. T. Wilson & Co., bankers,
2*4%
*1*4%
5%
Chairman;
Interest on bonds
1,687,830
1,732,250
Henry T. Cutter and Rob’t L. Harrison, with a view to foreclosure
1,732,250
1,420,061
and re¬
organization. V. 89, p. 44.
Foreclosure sale has been set for Nov. 10 1910.
Bal., sur. or deflclt_.sur2,597,374 sur2,875,421
V. 91, p. 1027, 947; V. 90, p. 374.
def43,824
sur36,053
See report V. 74. p. 92; V. 72, p. 1035.
In 1908-09, gross, $31,571; net, over operation and
maintenance,
•Also dividends for Dec. 1907 and March 1908
Pres., R. St. P. Lowry. Office, Norfolk, Va.—(V. 90, p. 374;$15,997.
quarters, 1 54 % each, were
V. 91,
paid In scrip, amounting to $2,447,100.
p. 947, 1027.)
Total surplus June 30 1910 as per re-valuation of
assets, $7,733,693.
V. 91, p. 966, 1022.
DETROIT MACKINAC & MARQUETTE RR. LAND GRANT.—Interest
Is payable April and Oct. as earned at not
exceeding 7 % yearly; outstanding,
Miles of Miles of No. of
$1,390,000;
of the bonds, $1,339,000 purchased In 1903 to
Year.
Poles, &c.
July 1905
Wire.
Offices. Messages.
Receipts.
Profits.
V. 77. p. 173, 1871, 2035, 2280; V. 79, p. 627; V. 76.
p. 751.
1866-67
46,270
From Oct. 1892 to Apr. 1902 2% Interest was
85,291
2,565
5,879,282 $6,568,925 $2,624,919
paid (1% each In A. & O.)
1892-93
189,936
769,201 21,078 66,591,858 24,978.443
7,496,037 at Central Trust Co., N. Y.; In Apr. 1903 to Apr. 1906, both lncl., 3*4%
211,513 1.382,500 24,321 68,053,439 30,541,073
each (A. & O.); Oct. 1906, 1%; 1907, none; 1908,
7,347,107
April, 1%; Oct., none;
214,360 1,429,049 24,825 75,135,405 33,889,203
7,274,900 1909, April, none; Oct., 1%; 1910, April and Oct., none. V. 83, p. 751,818;
V. 84, p. 803.
In
Aug. 1902 sale was arranged for about $1,250,000 of
DIRECTORS.—Robt. C. Clowry (Pres.), Geo. J. Gould (V.-P.), J. J.
1,000,000 acres, reserving for the bonds mineral rights In Marquette
Slocum, Edwin Gould, Henry Walters, J. Pierrepont Morgan, Charles This
County.
left unsold Jan. 1 1910 180,717 acres, besides mineral
Lanier, Chauncey M. Depew, Henry M. Flagler, John Jacob Astor, Oliver
rights on 96,284
acres.
Statement
for
1909
in
was
V.
90,
p.
1489.—(V. 90, p. 1489.)
Ames, Jacob H. Schlff, James StUlman, John J. Mitchell, Henry A.
Bishop,
Harris C. Fahnestock, Thos. H. Hubbard, Paul
Morton, Robt. M. GallaELECTRIC STORAGE BATTERY.—Incorporated In 1888 under laws of
way, E. T. Jeffery, Theo. N. Vail, Henry S. Howe, John I.
Waterbury, New Jersey. Owns basic patents for storage batteries. (V. 69,
Edward J. Hall, Union N. BetheU, Harry B.
p. 76,850.)
Thayer, Henry P. Davison,
Robert Winsor, Robert S. Lovett, Wm. H. Moore.
STOCK, &c.—Stock authorized, $18,000 000; outstanding, pref., 1%
Office,
195 B’way,
N. Y.—(V. 91, p. 731, 966, 1022.)*
cum., $189,900; convertible Into com. stock, share for share;
com., $16,057,925; par of shares, $100. After 1% on pref., com. and pref. share
JWESTINQHOUSE AIR BRAKE.—ORGANIZATION, ETC.—A’Penn- equally. On com., 1901 to 1907, 5 y’ly; 1908, 3 *4%; 1909, 3%; 1910, 4%.
sylvania corporation.
V. 67, p. 843, 1065; V. 77, p. 1307.
EARNINGS.—Statement for calendar year 1909, V. 90, p. 769, showed:
In Oct. 1909
the Westinghouse Storage Battery Co. was
Net Income. S933.492; dlvs. paid. $528,093;
Incorporated with $1,750,000
oal.. sur., $405,399: total sur.,
stock as an amalgamation of the storage
Dec. 31 1909, $2,358,817.
battery deoartment of the WestPres., Herbert Lloyd; Sec. and Treas., Walter
lnghouse Machine Co. and General Storage Battery Co. In
G.
Henderson, Philadelphia. Office, Allegheny Ave. and 19th St., Phlla.
1898
$5,000,000 stock was distributed as a 100% stock dividend and inJuly
—(V. 86, p. 1041. 1502; V. 88, p. 746; V. 89, p. 1670; V. 90,
Jan. 190*
p. 769.)
as a 25% stock dividend.
V. 85, p. 720, 867, 1522.
l'1915
~
*
'
__
DIVIDENDS.)’99. ’00. ’01-’03. ’04. ’05. ’06. ’07. ’08. ‘09.
V 25
30
24
21
20 22*4 20
14 11*4
Per cent
In stock
J
__
__
__
__
__
25
-**10.
21
__
In Jan., April and Oct. 1910, 5% (incl.
153% extra and 1% special);
July, 6% (lncl. 153% extra and 2% special.)
As to litigation with N. Y. Air Brake Co., see V.
80, p. 2464. Report for
year ending July 31 1910 was In V. 91, p. 867, showing:
Sales, $12,463,005;
net profits after deprec’n ($429,824),
$4,223,278; dlvs. (20%), $2,749,267;
bal., sur., $1,474,011. N. Y. office, 111 B’way.—(V. 91,
p. 809, 867.)M
WESTINGHOUSE ELECTRIC & MANUFACTURING CO—ORGANI¬
ZATION.—A Pennsylvania corporation
manufacturing appliances used for
power purposes. V. 54, p. 763; V. 85, p. 156, 1458.
Owns exclusive rights to Tesla patents on alternating
currents. V. 61, p. 25.
153. In Sept. 1898 purchased substantially entire
capital stock and aU but
$850,000 of the $2,500,000 20-year bonds of Walker Co. V. 68,
On Dec. 5 1908 the receivers appointed Oct. 23 1907 were p. 87.
discharged,
the ffnances having been readjusted per modified plan (V.
86, p. 922; V. 87,
p. 101, 875), $6,431,950 assenting stock and $3,635,000 convertible bonds
being Issued to creditors In payment of Indebtedness and $6,312,000 of new
assenting stock having been subscribed at par. V. 87, p. 1531, 1538. In
Sept. 1909 Edwin F. Atkins succeeded Geo. Westinghouse as
President.^
SECURITIES.—The first pref. stock carries cum. dlvs. of
with the right to participate equally with other stock after7% per annum,
the same shall
have received 7%, and preferential as to principal.
See pref. certificates In
editorial May 1893 Issue.
Former non-assenting stock, $600.
The stockholders on Nov. 24 1908 authorized an increase in the
assenting
stock from $46,000,000 ot $56,000,000, in order to
carry out the modified
readjustment plan. V. 87, p. 1$31, 1538; V. 88, p. 162.
As to the deben. ctfs. of 1898, see V. 67,
p. 324, 691, 1112; sinking fund
$150,000 yearly from 1900; certfs. to be drawn at 105.
The convert. 5s of 1906 are convertible Into
assenting stock at 200 after
1909, and subject to caU after 1911 at 105. Annual sink, fund,
$500,000;
see above.
V. 82, p. 222, 396, 755, 809; V. 87, p. 1538.
The $4,000,000 3-year 6% coll, trust notes extended In 1910 are
subject
to call on any Int. day at par and Int. at 2%
per ann. for the unexpired por¬
tion of the term of the notes.
See V. 90, p. 1558; V. 91, p. 99; V. 85, p.
44,
104, 155, 289, 1458; V. 86, p. 233.
The collat. trust 10-year 5% notes of 1907 (of which
$2,720,000 out¬
standing; denom. $1,000 or £205.153 each) are subject to redemption at
105 on any Int. day since Oct. 1 1908 to Oct. 1 1912,
lncl., or 102*3 after
that date.
They are secured by $2,027,027 5% 25-year Russian Westing¬
house Electric debentures, $1,447,876 5%
30-year French Westinghouse
debentures and $322,000 Canadian Westinghouse stock.
V. 85, p. 227,
1458, and plan in V. 86, p. 233.
There are also 4, 5 and 6-year 5% notes, due Jan.
1913, 1914 and 1915,
amounting to $1,286,400 and $103,750, due Jan, 1924,
electric-lighting and
DIVS— *92 to‘99, ‘00, ’01, 02, ’03, ’04 to Oct. ’07.’08 ’09.
1910.
Preferred % 7 yearly 7
7
7
8 *3 10 yearly (Q-J) 0
5*i See below
0
Assenting %
5*4 6*4 7
7*4 10 yearly (Q-J) 0
0
On pref., 1 *4% and 3 *3% on account of accumulated
dlvs,, paid Oct. 10,
1909; 1910, 7% (1 *4% quar.) and 8 *4% in full for accumulated
dividends,
payable
3*3% Oct. 15 1910 and 3*3% Jan. 15 and 15*% April 15 1911.
V. 91, p. 809; V. 89, p. 850.
ANNUAL REPORT.—Fiscal year ends March 31.
for year end.
M$rch 31 1010 was In V. 90, p. 1672, showing: Gross Report
earns., $29,248,682;
&et, $3,552,978; othpr Inc., $1,616,562; Int., taxes,
deprec’n. &c., $2,108,*
876; bal., sur., $3,060,664.
KNICKERBOCKER ICE CO. OF CHICAGO—ORGANIZATION.—
Incorporated in IUlnoIs In 1885. V. 77, p. 254; V. 82, p. 1325.
In 1906 Western Ice Co. acquired
$2,932,300 of the $4,000,000 common
and $209,700 of the $3,000,000 preferred stock
(per plan In V. 83, p.
1527), giving for each share of preferred stock 90% in general and coUateral
5s
and $25 In stock, and for each share of common stock 80% In bonds and
$45 In stock.
In Sept. 1907 certain minority stockholders represented
by
a protective committee (J. N.
Wallace, Pres.; Central Trust Co., N. Y.,
Chairman), obtained promise of 95 for pref. and 66 for com., but the first
Installment, due Feb. 1 1908, was defaulted. V. 83,’ p. 1527, 1593; V. 84,
p. 341, 629; V. 85, p. 725; V. 86, p. 339, 1533; \. 90, p. 452.)
DIVIDENDS.—
Common (%)
Preferred (%)
’98. ’99. ’00. ’01. ’02. ’03. '04. ’05. ’06. ’07.
’08.
0
»*4
1
0
0
0
0
0
4
0
2 scrip
6% yearly to Oct. 1910
A dividend of 2% on com. stock was
paid Feb. 20 1908 In dividend
rants ($79,994), redeemable at par.
V. 85, p. 1649; V. 86, p. 419.
A
dend for 9 months (4 *4%) was paid on pref. Oct. 1 1909; 1910, 6%
war
dlvl
(A.&O.)
payments hereafter to be A.&O.; V. 89, p. 229, 723; V. 88, p. 104.
BONDS.—Refunding mtge. dated 1906 secures $6,000,000 of 5% re¬
funding bonds, of which $2,077,000 was deposited to secure 5% 3-year gold
notes maturing Jan. 1 1911, $439,000 were In sink, fund and
remaining
$3,484,000 unissued.
V. 82, p. 932, 990.
REPORT. —Report for year ending Dec. 31 1909, In V. 90,
p. 445, showed
net earnings, $789,887; Int. on bonds, &c., $181,141;
redemption collat.
trust notes, $26,468; pref. dlv. at 6% calls for
$179,889; bal., sur., $402,389.
In 1908, net, $407,552.
OFFICERS.—Pres., John S. Field; Treas., Alexander Dahlman; Sec.;
Wm. A. Walter.
Office, 171 La Salle St., Chicago.—(V. 90, p. 376, 446.)
LA BELLE IRON WORKS.—ORGANIZATION.—Incorporated In West
Virginia Dec. 3 1875.
Owns plant at Steubenville, O., embracing 2 blast
furnaces, open-hearth steel plant having 10 50-ton furnaces, a continuous
universal mill, an 84-lnch plate mill, a 72-inch
plate mill, 1 skelpmUl,
2 jobbing mUls, 8 sheet mills, 2 lap-weld
pipe
furnaces,
2 butt-weld pipe
furnaces, coal and ore lands; also plant at Wheeling, W. Va., embracing 2
skelp mills and cut-naU factory. V. 77, p. 1228, 1535, 1749; V. 80, p.
1365; V. 83, p. 627.)
DIVIDENDS.—
(1905.
1906.
1907.
1909.
1910.
Per cent
\ 4 *4
8
8
10
Seebelow
1910, April 1, 2 *4%; June 30, 2 *4%; Sept. 30, 2 *4%.
Also Jan. 1907,
8% In stock, and in Aug. 1908, 33 1-3% In stock.
BONDS.—Of the bonds, $100,000 are to be drawn yearly Dec. 1 at
par,
beginning 1908; further amounts by lot at company’s option at 105.
Dollar Sav. & Trust Co. of Wheeling, W. Va., trustee.
V. 77, p. 1749.
REPORT.—Report for year ending June 30 1910 In V. 91, p. 715. Net
Eroflts, $2,167,586; bond Interest, $137,895; cash dividends (9%),
al., surplus, $1,137,352.
Pres., Isaac M. Scott; Vice-Pres., W. $892,339;
D. Craw¬
ford; Sec., H. D. Westfall; Treas., R. C. Kirk.
Office, Wheeling, W. Va.
—(V. 89, p. 724, 916, 1545; V. 90, p. 562; V. 91, p. 716.)
NEW YORK & QUEENS ELECTRIC LIGHT & POWER
CO.-^SuppUes
borough of Queens outside of Rock&way. See V. 72, p. 1039.
N. Y. &
Queens Gas Co. is controUed by same interests. V. 79, p. 2089, 2151/
STOCK.—Stock, com. andbref. 5% non-cum., $1,250,000 each, all
Par of shares, $100*.
Issued.
Div. On pref., 2 *4 %, paid Dec. I 1904:1907
to 1909, 5% (F. & A.): Dec, 1 1009, 1 2-'3% (covering
4 mbs.); 1010, Mph.,
1*4% (Quar.); June, 1 *4 %; Sepfc, tU%.
1> "..
'
T :J ".
Short-term notes outstanding Sept. 1 1910, $350,000
r
...
t
EARNINGS.—For 7 mos. ending July 31 1910, gross, $382,272, against
$162,312; net, $199,893; interest, $79,297; amortization, $41,670; bal., sur.,
$78,926.
For calendar year 1909, gross, $585,996, against $503,173 In
1908; net, $317,086, against $281,279; lnt. on bonds, $117,500; other int.,
Ac., $20,159; bal., sur., $179,427. V. 90. p. 853.
John Day Jackson, 1st V.-P.; H. L. Snyder.Sec.and Treas.
Office, 246
Jackson Ave., Long Island City, N. Y.—(V. 90, p. 1175; V. 91, p. 157.)
NEW YORK & RICHMOND GAS CO.—ORGANIZATION, Ac.—
Incorp. In New York in 1901.
V. 81, p. 667. Stock auth., $1,500,000;
all outstanding; par, $100.
Dividend Aug. 1905 to Aug. 1910 lncl., 2%y’ly
(F. A A.), and In Feb. 1910 1% extra. V. 90, p. 450.
Bonds, see table
°n(^I!ryear* 1 OOJL^gross,
Pres.,
$288,883; net, $159,482; bond lnt., $73,920; bal.,
$48,531.
Thos. O. Horton; Treas., Herbert M. Holmes; Sec.,
Edward B. Flellus.—(V. 87, p. 742; V. 88, p. 568; V.89, p. 596; V. 90, p. 450.
NEW YORK TRANSPORTATION CO—ORGANIZATION.—Incor¬
porated in New Jersey on Feb. 21 1899. Stock authorized, $5,000,000; par,
$20, as reduced in Jan. 1902; outstanding, $4,700,000. V. 74, p. 99, 215.
sur.,
Owns entire capital stocks of Fifth Ave. Coach, Metropolitan (leased In
1904 to American Express Co. for 16 years) and Park Carriage companies.
Pres., Richard W. Meade; Sec. and Treas., Wm. H. Palmer Jr.
For 8 mos.
ending Feb. 28 1910, gross, $511,992; net Income after taxes, $43,860. Year
30
gross,
net
income,
$109,847.
ending June
1909,
$1,079,883;
Profit and
loss surplus Feb. 28 1910, $94,668.
Bal. sheet June 30 1909, V.90, p. 1175.
Office. 851 8th Ave., N. Y.—(V. 88. p. 56. 104; V. 90. p. 1105, 1175.)
NIAGARA FALLS POWER COMPANY (THE).—ORGANIZATION.—
Incorporated 1886 and has authority by special Acts of New York State to
use the waters 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 sites for manufacturers using Its power.
Tunnel first opened Jan. 1 1894.
Controls Niagara Junction Ry., which see;
Act of Congress June 1906, V. 83, p. 159; also Cat. Power A Conduit Co.,
V. 87, p. 222, 1360: V. 88, p. 627; V. 89. p. 849; and Tonawanda Power Co..
V. 88. p. 629, and, by ownership of all except 25 shares, the Canadian
Niagara Power Co.
STOCK.—Authorized, $10,500,000; Issued, $4,197,500; par, $100. Divi¬
dends, 2% each, paid April, July and Oct. 1910.
BONDS.'—The 1st mtge. of 1891, $10,000,000, covers 1,071 acres In city
of Niagara Falls, tunnels, franchises, Ac.; also majority of stock of the Cata¬
ract Power A Conduit Co.. Buffalo, and the Tonawanda Power Co., North
Tonawanda, N. Y. The directors on Oct. 19 1909 authorized a mtge. to
$20,000,000 6% bonds, of which $9,076,000 to be used to refund the
outstanding debentures (of which $3,000,000 matured April 1 1910); re¬
mainder reserved for construction and acquisition of property on either side
of the Niagara River.
In Feb. 1910 permission was given to Issue $10,091,000 of the bonds, Including $9,076,000 for refunding the $3,000,000 6%
debs, due April 1 1910 and the $6,076,000 ser. A. B. A C. debs, Canadian
secure
collateral, which were offered the option of exchange.
On Oct. 1 1910
$7,500,000 had been Issued to refund an equal amount of the debentures.
Stockholders subscribed for $686,000 of the bonds at par for Improvements.
V. 88, p. 1316; V. 90, p. 240, 632, 1299.
REPORT.—For year ending Dec. 31 1909 In V. 90, p. 622, snowed:
Gross, $1,952,349; net, $1,521,051; other Income, $134,078; charges, taxes,
Ac., $1,200,635; balance, surplus $454,494.
Pres., Edward A. Wlckes; V.-P. and Gen. Mgr., Philip P. Barton; Sec.,
Fred’k L. Lovelace; Treas. and Asst. Sec.. W. Paxton Little.
Office,
Niagara Falls, N. Y.; New York office, 15 Broad St.—(V. 90, p^l557.)
PROVIDENT LOAN SOCIETY OF NEW YORK.—Incorporated In New
York In 1894 under Special Act.
Operates 5 loaning offices in New York
City and 2 In Brooklyn.
Certificates of contribution, $3,000,000. Divi¬
dends of 6% yearly have been paid.
V. 84, p. 629. See applications
to list, V. 79, p. 2152; V. 80, p. 1182.
Report for year 1908. V. 88, p. 1126;
1909, V. 90, p. 703.
Pres., Otto T. Bannard; V.-P., Frank Tucker; Treas.,
James Speyer; Sec., Mortimer L. Schlff; Asst. Sec., Frederick L. Leining.
Executive office, 346 Fourth Ave., N. Y.—(V. 90, p. 703.)
QUAKER OATS CO.—ORGANIZATION.—Incorporated In New Jersey
Sept. 20 1901. In Aug. 1906 the American Cereal Co. was merged;
V. 83, p. 321. 381; V. 84, p. 697.
Owns mills at Akron, O.: Chicago, Ill.;
Cedar Rapids, la.; Peterborough, Ont., and Battle Creek, Mich.; also
leases other mills, V. 81, p. 778. Manufactures various cereal food products
on
STOCK.—Stock was Increased early In 1906 to $9,000,000 6% cum. pref.
and $4,500,000 com., the $1,600,000 Amer. Cereal bonds being retired
June 1 1906.
V. 83, p. 574.
Pref. has no voting power (except as regards
Increase of pref. stock) unless dividends are three months In default.
Of
the common stock $2,080,000 Is held In trust until Nov. 11 1911 unless
earlier terminated by voting trustees, who are elected annually.
The stockholders voted March 11 1910 to Increase the authorized common
stock from $4,500,000 to $5,500,000, to provide for lmprov’ts and add’ns,
$500,000 of the new stock being offered to common stockholders at par,
payable on or before July 15. V. 90, p. 506. 563.
DIVIDENDS.—On pref. In full to Nov. 1910.
On com., 1 H% and H%
extra
paid quarterly Oct. 1906 to Jan. 1910 and In April, July and Oct. 1910
2% and X% extra.
Report.—Report for cal. year 1909, in V. 90, p. 558, showed: Profits,
$1,537,104; dlvs., $881,805; deprec’n, $162,027; bal., sur., $493,272,
OFFICERS.—Pres., Henry P. Crowell: Vice-Pres., James H. Douglas;
Office, 1600 Railway Ex¬
Treas., Robert Stuart; Sec., Robert Gordon.
change, Chicago, Ill.—(V. 90, p. 451, 502, 558, 563, 703.)
RHODE ISLAND-PERKINS HORSE SHOE COMPANY—ORGANI¬
ZATION.—Manufactures horse shoes and toe calks at Valley Falls, R. I„
V. 61. p. 1014.
8 miles from Providence.
Common stock, $1,000,000.
DIVS— 1 ’93-*95. *96. *97. ’98 *99-’01. ’02-’05. ’06. *07 *08 ’09.
1910.
Common, %) 10 yrly. 4X0
0
0
0
0
0
Pref.. %
J—7H yrly— 6H 5
4 yrly. 5 yrly. 7X 9 5 4X
4
Office. Providence, R. I.—(V. 84, p. 697; V. 86, p. 55.)
WELSBACH CO.—ORGANIZATION.—Incorporated In New Jersey
April 28 1900 as a consolidation, per plan V. 70, p. 898. United Gas Im¬
provement, It Is understood, owns control.
STOCK.—Common stock, $3,500,000.
The stockholders voted June 15
1910 to Issue $2,000,000 7% non-participating pref. stock cumulative from
July 1 1910, with preference also as to assets, of which $1,225,000, under¬
written by the United Gas Impt. Co., was offered to stockholders pro rata
. -
at par,
payable July 1 1910, to
County Land Co. stock. V. 90,
pay
floating debt and purchase Camden
1558, 1683.
Par of all shares, $100.
DIVIDENDS.—On common, 1901 to 1909, inch, 2% yearly (since 1903
paid In Sept.); 1910, June, 2%.
REPORT.—For year ending April 30 1910, gross profits were $687,775;
interest and sinking fund, $434,160; charged off, $59,564; dividends (2%),
670,000; bal., sur., $124,051. For year 1908-09, gross profits, $642,883.
Pres., Sidney Mason; Sec., W. F. Douthirt; Treas., Lewis Lillie.
Office,
N. W. corner Broad and Arch Sts., Philadelphia.—(V. 91, p. 721.)
WESTERN ICE CO—ORGANIZATION.—Incorporated in New Jersey
in Dec. 1907 and acquired, per plan V. 83, p. 1527, $209,700 of the $3,000,p.
000 pref. and $2,932,300 of the $4,000,000 com. stock of the Knickerbocker
Ioe Co. of Chicago.
V. 84, p. 343; V. 85, p. 738, 809; V. 86, p. 340.
Stock
auth., $15,000,000; outstanding, $3,550,400; par, $100.
In Feb. 1910
about $1,600,000 of the $2,632,000 bonds outstanding and $2,431,600 of
the stock had been deposited under the terms of the ‘‘Thomas liquidation
depositary). V. 90, p. 452. The
purchased at auction by the liquidating
agreement” (Equitable Trust Co., N. Y.,
collateral under the mortgage was
committee on Aug. 3 1910.
V. 91, p. 342.
The Jan. 1908 coupon was paid
In Knickerbocker Ice scrip.
V. 86, p. 486, 922. Pres., W. E. Austin;
71 B’way, N. Y.—(V. 86, p. 922; V, 90, p. 452; V. 91, p. 99, 342.)
RAILROAD COMPANIES.
SUPPLEMENTARY—See also Tables 7 to 137.
ALBANY & NORTHERN RY.—Albany, Ga., to Cordcle, 37 miles.
In
_
February 1910 the Georgia Southwestern A Gulf acquired control.
V. 90, p. 503.
Stock, $350,000; par of shares, $100. Of the bonds,
150,000 have a prior lien. See official statement, V. 76. p. 749. Car trusts
0s, $21,000, due $3,000 yearly to Nov. 1 1916 inclusive. Year ending
June 30 1909, gross, $79,699; net Income. $12,761; lnt. on bonds. $21,458;
taxes and rentals. $4,532; bal., def., $13,229.
Pres, and Gen. Mgr., W. M.
Legg; Sec. and Treas., H. J. Bruton. Office, Albany. Ga.—(V. 90, p. 501.)
165
RAILWAY STOCKS AND BONDS
Oct., 1910. J
ARGENTINE CENTRAL RY.—(3-ft- gauge.)—Owns Silver Plume, Col.,
miles, at an elevation of 14,007 ft. Stock,
to summit of Mt. McClellan, 16
$500,000, par of shares, $100.
The Gray's Peak Scenic Development Co.,
with $300,000 stock In $1 shares, on June 17 1909 acquired $300,000 of the
stock and will extend road to Gray’s Peak, 2 X miles, at an elevation of
14,441 ft.
V. 88. p. 1497; V. 89, p. 40.
Bonds, 6% ($200,000, all out¬
standing); Central Savs. Bank, Denver, trustee), are due Jan. 1 1926, but
subject to call In 1912 at 106 and lnt. V. 83 p. 1170; V. 88, p. 1312. Pres.,
D. W. Brown; V.-P. and Treas., Chas. M. Heberton.
Office, Denver.—
(V. 90. p. 1237.)
CALGARY & EDMONTON RY.—Owns Calgary, Canada, to Edmonton,
Canada, 191 miles, and to Fort McLeod, Canada, 104 miles.
In 1903 re-leased to Can. Pac. (which owns entire $1,000,000 stock and
$3,700,000 1st M. 4% bonds) for 99 years, the 6% bonds (£1,121,700)
being exchanged for an equal amount of debenture stock, on which In¬
terest Is guaranteed at 4 %.
At the termination of the lease the principal of
the bonds will be paid at par or a further lease entered Into.
V. 76, p. 434;
V. 77, p. 1224.
See V. 80, p. 116.
CALIFORNIA-WESTERN RR. & NAVIGATION CO.—Owns Ft. Bragg,
Cal., to Alpine, 27 m.
Extension from Alpine to head of Noyo River, 9 m.;
thence to Wlllits, 9X m., to be begun In 1910.
Stock auth., $1,000,000;
par, $100.
Mtge. covers also terminals, railroad wharf and 18,000 acres of
timber land.
Bonds are guaranteed prtn. and lnt , by Union Lumber Co.,
and redeemable at par on any
Interest day since July 1 1910.
Sinking fund
$5,000 yearly beginning 1911. V. 90, p. 625. Calendar year 1907,
$254,470; net, $82,262; bond lnt., $20,600; bal., sur., $61,662.
Frank Trumbull.—(V. 90, p. 625.)
CAROLINA & NORTHWESTERN RY.—Owns standard-gauge road,
Chester, S. C., to Edgemont, N. C., 133 X miles, having acquired Caldwell A
Northern Lenoir to Edgemont, N. C., 23 X miles, July 1 1910.
Reorgani¬
zation In 1897 of Chester A Lenoir, foreclosed.
In Mch. 1900 nearly all stock was acquired by a syndicate. Stock author
lzed, $1,000,000 each of com. and 4% non-cum. pref.; outstanding, Ju y
Of the 50-year 1st gold 5s
1910, $854,250 com. and $550,000 pref. stock.
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 exten¬
sions, new equipment, Ac.
Caldwel 18s Northern 1st 50-year 5s, due June 1
1957, $543,000.
V. 91, p. 870. Year 1909-10 (110 m.), gross, $347,381;
net Inc. (lncl.$1,164 ‘‘other”),$122,616; lnt., taxes, Ac., $103,181; bal., sur.
$19,435. Pres., Wm. A. Barber, 165 Broadway, N. Y.—(V. 91, p. 870.)
CARTHAGE & ADIRONDACK RY.—(See Maps N. Y. Central).—Owns
from Carthage to Newton Falls, N. Y., 46 m.
The entire stock, $500,000,
is owned by the N. Y. 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, Ac.—(V. 57, p. 218.)
CARTHAGE WATERTOWN & SACKETT’S HARBOR RR.—(See Maps
N. Y. Central.)—Owns from Carthage to Sackett’s Harbor, N. Y., 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stock and guaran¬
tees the bonds.
Leased to R. W. A O. for 37 X % of gross earnings. Rental
in cal. year 1906, $42,734. Capital stock. $465,000 com. and $21,500 pref.
CATASAUQUA & FOGELSVILLE RR.—Catasauqua, Pa., to Rlttenhouse Gap, Pa., 29.5 m.
Stock, $426,900 (par $25); $254,125 Is owned by
Reading Co.
Dlvs. paid In 1903-04, 7%; In 1904-05, 8%; In 1905-06, 8%;
In 1906-07,8%; 1908-09, 8%. For yr. end. June 30 '08, gross, $196,418; net,
$110,031; deduc'ns, $38,098; dlvs., $34,152; sur., $37,782.—(V. 81, p. 149.)
CATSKILL MOUNTAIN RY.—Owns narrow-gauge road from Catsklll,
up the Catsklll Mountain, to PalenvUle, N. Y., 16 m.; leases Cairo RR.,
Cairo Jet. to Cairo, N. Y., 4 m.; 20 miles.
Stock, $89,000. There are also
second incomes for $15,600, 6%.
First Incomes have one vote for each $100.
Div. on 1st Incomes, 5.8281% Sept. 1906, the first since 1897; 1907,
2.91042%.
V. 83, p. 817.
EARNINGS.—Year ending June 30 1908,
gross, $73,634; net, $21,359; int., Ac., $18,520.—(V. 83, p. 817.)
CAYUGA & SUSQUEHANNA RR.—Owns from Susquehanna River to
Ithaca, N. Y., 34 m. Leased during length of charter and renewals thereof
to the Delaware Lack. A Western at a rental of $54,600 a year.
Dlvs. paid
are 9% yearly, with an occasional extra amount: In 1904 9 X% was paid.
CENTRAL RR. OF PENNSYLVANIA.—Owns Bellefonte (Penn. RR.)
to Mill Hall. Pa. (Pa. Dlv. of N. Y. C. A H. R. RR.). 27.3 miles: branch.
3.4 miles.
Current liabilities June 30 1910, $711,796.
For year 1909-10,
gross, $99,294; net, $36,775; other Income, $343; charges, $26,801; sur-
Stock,
Slus,
$10,317. 88,
$600,000; par, $50. Pres, and Gen. Mgr., W. H.
ephart.—(V.
p. 1312.)
CORVALLIS & EASTERN RR.—Owns Yaqulna to Hoover, Ore., 141
Land grant was 850.000 acres.
In 1907 the Southern Paciflo
acquired all thestock ($1,410,000) and $1,410,0004% bonds. V.84,p. 1427.
EARNINGS.—In year ending June 30 1909, gross, $318,209; net, $121,603.
In 1908-09, gross, $280,014; net, $97,548.
Pres., J. P. O’Brien;
Treas., John W. Newkirk; Sec., H. F; Connor.
Office, Portland, Ore.—
(V. 84, p. 1427.)
DAYTON LEBANON & CINCINNATI RAILROAD & TERMINAL CO.
—Owns from Lebanon, O., to Lebanon Jet., 23 m.; Hempstead to Dayton
miles.
UnlonStatlon,6m.,wheretermlnalpropertylsowned; opened May 1910. Has
traffic arrangements with electric lines from Lebanon Jet. to Dayton, 7 m.,
and from Lebanon to Cincinnati for passenger traffic. Stock, $1,000,000.
Bonds auth., $300,000 (none sold Sept. 1910); are subj. to call June 1 1917
at 105; Cleveland Trust Co., trustee. V. 85, p. 1518. Pres., M. L. Sternberger, Jackson, O.; V.-P. and Treas., Frank Brandon, Lebanon, O.; Sec.,
H. 3. Willard. Wellston, O.—(V. 88, p. 374.)
DELAWARE & EASTERN RY.—To extend from Hancock. N. Y.. on
Erie RR., to Schenectady, N. Y., 146 miles, with branch to Andes, 8 miles,
of which East Branch to Arkvllle, 38 miles, and 8 m. branch, In operation
Oct. 1909.
Right of way obtained from Arkvllle to Schenectady. Leases
for 999 years the Del. A East. RR.. a consolidation May 1907, per plan
V. 84, p. 931, 1182.
On Feb. 25 1910 A. M. Moreland of Pittsburgh and
W. B. Trowbridge of New York were appointed receivers for the road and
its lessee, the Del. & East. RR., Interest on the $1,000,000 Del. A East.
RR. bonds being In default since July 1908, owing to non-payment of
rental and the Del. A East. Ry. having a floating debt of $218,000, besides
$75,000 rental due the lessee and no Interest on Its bonds having ever been
paid. V. 90, p. 626. In Mch. 1910 $30,000 6% receiver’s certfs.were
authorized having a first lien on the Del. A East. RR. and D. A E. Ry.
V. 90. p. 697.
Committee for D. A E. RR. lsf 5s.—A committee (Clyde C. Taylor,
Vice-Pres. Guarantee Title A Trust Co. of Pittsburgh, Secretary) will secure
foreclosure of mortgage and prepare reorganization plan.
In Aug. 1910
over two-thirds of bonds had been deposited.
V. 91, p. 462.
Stock authorized, $5,000,000, in $100 shares; outstanding, $2,050,000.
Of the 5s of 1907 ($6,500,000 authorized issue), $1,750,000 were Issuable
to take up the old bonds ($1,000,000) and stock ($600,000) of Delaware
A Eastern RR., and fund Its notes and floating debt: balance to be used to
complete the proposed road.
In July 1909 obtained per¬
V. 88, p. 563.
mission to Issue $4,750,000 5s of 1907, Including under option $3,500,000
English syndicate, and In Feb. 1910 to Issue $400,000 additional bonds,
V. 89, p. 162, 285, 721; V. 89,
p. 1667; V. 90, p. 447, 626.
Pres., F. F. Searing, 7 Wall St., N. Y.—
(V. 90. p. 447, 559, 626, 697; V. 91, p. 462.)
DUBUQUE & SIOUX CITY RR.—OSes Map of lUinois Central.)—Owna
Dubuque, Iowa, to Iowa Falls. 143 miles; Iowa Falls to Sioux City,184 m.;
to an
of which $915,000 reported to be Issued.
Manchester to Cedar Rapids, 42 m.: Onawa, Iowa, to Sioux Fails, Dakota,
155 m.; Cedar Falls to Minnesota State Line, 76 m.; Tara Station, near Ft.
Dodge. Ia., to Council Bluffs. 130 m.; total owned, 730 miles.
ORGANIZATION.—Controlled since April 1887 by the Illinois Central
RR., which owns nearly all the $15,000,000 stock and has Issued its own
bonds on the road; the only D. A S. C. bonds held by the public are the Iowa
Falls A Sioux City 7s, $8,200,000.
Lease, V. 79. p. 1274.
DIVIDENDS.—
11900. 1901. 1902. 1906
1907. 1908.
1909.
Since 1899
%/ 3
1
IX
4
IX
Aug. 3X
IX
—(V. 89, p. 470.)
GAINESVILLE MIDLAND RY.—Owns Gainesville. Ga.. to Athens. 42
miles, standard gauge, and Belmont to Monroe, 32 miles, narrow gauge.
Organized July 5 1904. V. 79, p. 151, 269, 500, 627. Stock, all outstanding,
$550,000.
Of the 1st 5s of 1905 ($1,000,000 authorized), $14,000 Is
re¬
served to retire old 6s and $299,000 for extensions.
V. 81, p. 1848. The
Savannah Trust Co. Is mortgage trustee.
V. 81, p. 1375, 1550. Year
ending June 30 1910, gross, $156,891; net, $37,266; lnt., taxes, Ao..
$45,865; bal., def., $8,599. Pres., Geo. J. Baldwin.—(V. 81, p. 1848.)
GENESEE & WYOMING RR.—Retsof, N. Y., to Pittsburgh A Lehigh
Jet., 11 miles; Retsof Jet. to Grelgville, 4 m.; branch, 2 m.; total, 16 miles.
Stock, $500,000; par of shares, $100. Dividends from Oct. 1899 to 1902
RAILWAY STOCKS AND BONDS.
tebtV 5%
1903, 8%t
1004, 8%;
1903 to April 1910, 4% yearly
[Yol.
lxxxxi.
MARSHALL ft EAST TEXAS RY.—Owns from Elyslan Fields, 18 fttiles
Marshall, Tex., on Tex. A Pac., to Wlnnsboro, on M. K. & T., 91 m.
Stockholders voted May 15 1909 to increase the stock fttm $75,000 to not
south of
exceeding $250,000, and authorized
GEORGIA MIDLAND RY.—Owns road from Columbus to MoDonough,
Gft.t 98 miles. Leased from July 1 1896 for 90 years to the Southern Rail¬
way Co. for $49,500 annual rental (being interest on the 1st mtge. bonds.
Ac.) and $2,500 for Columbus terminal property.
Stock Is $1,000,000,
owned by Southern Ry. Co.—(V. 63.
p. 361; V. 82, p. 751.)
c
GRAND RAPIDS & NORTHWESTERN RR.—To extend from Grand
Rapids, Mich., to Ludlngton, 95 miles. Stock, common, $2,500,000;
tire!., 6%
cum., $500,000; par, $100.
Of the bonds ($5,000,000 author^
teed Issue), $1,000,000 is reserved for extensions and improvements.
V. 86, p, 1529.
President, Marshall P. Butters; Treas., Geo. N. Strays;
Sec., Samuel Tapliff. Office. Ludlngton, Mich.—(V. 86, p. 1529.)
GREENWICH & JOHNSONVILLE RY.—Owns from SchuylervUle, N.Y.,
Johnsonvtlle, N. Y., 21 m.; Salem branch, Greenwich northeast to Rexlelgh, 10 m., completed in 1908. Stock, $225,000, all owned by Del. A
Hudson Co.
V. 90, p. 790.
Bonds, see table above.
For year ending
to
June 30 1910, gross. $124,045;
net, $56,367; charges, $45,435; div. (4%),
$9,000; bal., sur., $1,932. Pres., I. C. Blandy. Office, Greenwich, N. Y.
—(V. 86, p. 1224.)
GULF ft INTER-STATE RY. OF TEXAS —Port Bolivar, on Galveston
Bay, to Beaumont, Tex., 70 miles. V. 78, p, 1167. Stock, $71,000.
Bonds, $1,029,600 1st 5s auth.; outstanding, $829,000, issued In 1895.
The stockholders of the Atch.
Top. & Santa Fe were on Oct. 27 1910 to
ratify the purchase of the stock ana Indebtedness. V. 91, p. 588. For year
ehdlng June 30 1910, gross, $202,683, against $162,267 In 1908-09; oper.
def., $25,776, against def. $143,352. Pres., L. P. Featherstone; V.-P.,
Chas. H. Moore; Sec., Geo. Sealy.—(V. 84, p. 1366; V. 91. p. 655.)
HOOSAC TUNNEL & WILMINGTON RR.—NARROW GAUGE.—
Hoosae Tunnel, Mass., to Wilmington, Vt., 25 miles. Stock, $250,000;
par,
$100.
Dividends: In 1903, 2%; year 1905-06, 3%; none since.
Earnings
for 1909-10* gross, $79,978; net, $27,824; bond int., $11,950; bal.,
sur.,
$15,874. Pres., John P. Kellas, Malone, N. Y.—(V. 79, p. 903.)
•
HOUSTON ft BRAZOS VALLEY RR.—Owns Anchor to Velasco, Texas,
20 miles.
To be extended from Anchor, about 100 miles, with branch to
Houston. 20 miles.
Controlled by B. F. Yoakum of St. Louis A San Fran¬
cisco RR. and associates.
Stock, $120,000.
Bonds, $200,000 1st 30-year
58(81,000 each), due July 1 1937, lnt.J.A J.; Mercantile Tr. Co., St. Louis,
trustee.
For year 1907-08, gross. $23,900; net, $831.—(V. 85, p.
793.)
IDAHO SOUTHERN RR.—Owns from Gooding, Idaho, on Oregon Short
Ltae. to Jerome, 24 miles, opened Jan. 2 1909: under construction from
Jerome to Milner, 35 miles, and to be extended to Oakley, 25 miles.
To be
ultimately operated by electricity. Stock $3,000,000, all out; par, $100
First lien 6% notes, $500,000 (Commonwealth Tr. Co., Pittsburgh, trus¬
tee), secured by 125% In first mtge. 5s (part of an authorized Issue of $3,000,000). mature $100,000 May 1 in 1912, $150,000 In 1913 and $250,000 In
1914.
V. 89. p. 778, 919.
Pres.. W. S. Kuhn.—(V. 89, p. 919.)
INTEROCEANIC RY. OF MEXICO. LTD.—Vera Cruz to Mexico City,
MUX., 342 miles; Los Reyes to Puente de Ixtla, 123 miles; Los Arcos to
Ouautla, 102 m.; 3 branches, 30 m.; Mexican Eastern Ry. (V. 73, p. 1263).
139.miles; total, 736 miles. Concessions end Feb. 1982, after which road
passes to the State at a valuation.
On Jan. 1 1909 took over under lease the Mexican Southern,
extending
from Puebla to Tecomavaca, 139 miles, and Tecomavaca to
Oaxaca, 89
miles, also owning Tehuacan-Esperanza Tramway, 32 miles, and 3 short
tines, from Jan. 1910 for the term of Its concessions, the rental
providing
4% dividends and sinking fund on the £746,720 debenture stock and any
further Issues up to £250,000, and dividends payable
half-yearly on the £1,000,000 common stock ranging from 3H% In 1910 to 5H% In 1917 and
5)4% thereafter, and also a yearly sinking fund from Jan. 1 1918 sufficient
to redeem the ordinary stock at expiration of concessions June
8 1990.
Nat. Rys. of Mex. will assume lease from Feb. 13 1982, when Interoceanlc
Ry. concessions expire. V. 89, p. 225, 286, 1223, 1542.
Nat. Rim. of Mexico (which see) owns £1,038,450 of the 2d
debentures.
Cl.255,330 ordinary and £244,800 pref. stock.
SECURITIES.—Ordinary shares, £1,700,000: par, £10. In Oct. 1908
the holders of the £1.000,000 7% cum. pref. shares were allotted
140%
(£1,400.000) in new first 5% non-cum. pref. shares and par In 4% 2d pref.
shares In discharge of dividends to June 30 1907.
V. 87,
1160. The
£400,000 5% prior lien debentures were called June 1 1909p.and
£450.000
4% debenture stock sold.
V. 87, p. 1531, 1605
{DIVIDENDS.—On “B" debenture stock, from earnings of
1903-04, 6%;
1804-05, 4H%; 1905-06, 1906-07, 1907-08 and 1908-09, 7%. Old pref.
shares received 2% from earnings of 1905-06,
3)4% from those of 1907.
On 1st pref., 4)4% Dec. 1908; Dec. 1909, 5%; 1910,
May 28, 2)4% (Interim
payment). On 2d pref., 1% Dec. 1909.;
EARNINGS.—12 mos., f 1909-10
Gross, $7,987,297; net, $2,944,113
July 1 to June 30.
11908-09
Gross, 7,400,403; net, 2,554,506
REPORT for 1908-09 In V. 89, p. 1594.
Gross.
Net.
Net in £.
1908-09
(Mex.)$6,718,728
(Mex.)$2,298.872
£234.719
1907-08 .r...r
(Mex.) 7.701.105
(Mex.) 2.305.448
£235,402
Total net Income, £238,503; charges and lnt. on deb.
stock, £125,557;
div. on “B” deb. stock (7%), $32,862; dlv. on pref. shares
(5%), $70,000;
dlv. on 2d pref. stock (1%), £10,000; bal., sur., £84.
N. Y. office, 60
Wall St.—(V. 89. p. 225. 286, 1223, 1594. 1596.)
,
.
an extension south to Newton, 125 m.,
of whtch 42 miles in progress !h March 1909,
18 miles being operated March
1910* V, 88, p. 748, 1500.
*
Controlled by Interests represented by St. Louis Union Trust Co. Suceasor to Texas Southern
Ry., foreclosed Aug. 4 1908. V. 87, p. 416, 481.
Stock outstanding. $200,000.
Bond Issue being arranged July 1910. Year
ending June 30 1909, gross. $100,636; def under oper. exp., $8,033. Pres.,
Albert T. Perkins, St. Louis, Mo.; V.-P. and Sec., Osoe
Goodwin, Dallas,
Tex.; Treas.. N. A. McMillan.—(V. 87, p. 544, 677; V. 88,
p. 748, 1500.)
-
..
MARYLAND DELAWARE ft VIRGINIA RY.—Operates
Love
Pt., Md„
to Lewes, Del., 73 miles;
Queenstown Jet. to Centerville, Md.t 5 m.; total,
78 m., and Lewes to
Rehoboth, 5 m., Is trackage over Del. M. A Vlr. Also
owns 14 steamers
running between
Baltimore, Washington, points on the
Potomac River, the Rappahannock River, Patuxent
River and Norfolk.
Stock, $3,000,000, of which one-half each of common and 4% non-cum.
pref.; par of shares, $50 each; 4% ctfs. of Indebtedness, due Dee. 5
$57,000. Pepn. RR. and Its subsidiaries own all the common1909,
and
about $300,000 pref. stock, the latter
being held In voting trust expiring
Jan. 1911. John F. Williams.
Douglas H. Gordon and John S.
being the voting trustees. Balt. Ches. A Atlantic owns a majority Gtttlngs
of stock
and guarantees bonds.
In 1909, gross, $782,761; net, $93,364; other In¬
come. $2,439; charges. $111,725; bal.. def.,
$15,922.—(V. 89. p. 593.)
MORELIA ft TACAMBARO RY.—Projected from
Irapuato. State of
Guanajuato, Mex., on the Mexican Central Ry., south to Arto, 225 miles.
Including 25 miles of side tracks, of which 55 miles from Guanajuato to
Puruandlro, was graded In March 1909 and several miles of track laid.
Concessions tncl. $4,800 Mex. cur.
per. m., Ac. Stock, $6,000,000; par, $50.
Bonds ($5,000,000 authorized) issuable at
$22,222 per mile; $1,200,000
were underwritten for first 55 miles.
V. 81, p. 726; V. 83, p. 562.
Fi¬
nanced by A. J. Peyton A Co., New York.
Pres., Edson J.
Ottawa; Gilbert E. Farquier, V.-P. and Gen. Mgr.; Jacob L.chamberlain,
Greatsinger,
2d V.-P.; O. D. Knapp Jr..
See.-Treas., Ill B’way, N. Y.—(V. 83. p. 562.)
MUSKEGON GRAND RAPIDS ft INDIANA RR.—Owns road. Grand
Rapids to Muskegon, Mich., 37 m.; trackage, G. R. A Ind. at Grand
Rapids,
3 miles.
Operated by G. R. A Ind. RR., which was foreclosed In 1896:
consideration, net earnings* Stock authorized. $350,000; par, $100;
Issued,
$1,000. Coupon of July 1910 paid In July 1910.
Earns, for year ending
31 1909, gross, $193,673; net over taxes, $67,397; lnt. on bonds. Ac.,
Pec.
$42,391; bal.. sur., $25,006.—(V. 89. p. 919; V. 90, p.
110, 560.)
.MUTUAL TERMINAL CO. OF BUFFALO.—Owns 5.22 acres of land
with 1,486 feet of frontage on the city
ship canal, wharves, freight house
and a steel and brick grain elevator,
capacity 3.000.000 bushels; also all the
stock and bonds at the Mutual Transit
Co., owning 12 steamers on the Great
Lakes and the Island RR.
Stock, $60,000, aU owned by the N. Y. Cent.
A H. R. RR., Del. Lack. A West.,
Lehigh Valley and Erie, which each,
under agreement of Jan. 2 1005 as amended, guarantee to
pay one-fourth
the Interest and sinking fund charges on the bonds
(the latter $200,000
yearly). Of the bonds ($5,000,000 total auth.). $777,000 are reserved for
future uses; $804,000 In Sept. 1909 retired by
sinking fund. V. 89, p. 779.
Calendar year 1908, gross, $1,266,452; net income (tncl.
$1,772 “other”),
$269,027; interest, $142,475; bal., sur.. $126,552. Pres.. Charles M.
Heald;
Sec. and Treas., L. D. Smith, 143 Llboty St., N.
Y.—(V. 89, p. 779.)
NEW MEXICO CENTRAL RR.—Owns from Santa Fe. N. M.. south to
Torrance. 117 m.; opened Jan. 1 1905.
Name changed from Santa Fe
Central Ry. In Aug. 1908.
On Jan. 10 1910 C. C. Murphy of Pittsburgh waa
appointed receiver. Foreclosure began June 1910 under 1st M. of 1901
and also under Albuquerque A Eastern mtge.
V. 90, p. 168, 1554,
1677.
The Albuquerque A Eastern, merged in Sept.
1908, which was to
build the extension, has made a mortgage to the
Pittsburgh Trust Co.,
as trustee.
In May 1909 filed a mortgage to secure
$2,000,000 bonds
on Hagan coal fields.
In Oct. 1909 creditors. It was reported,
agreed
to waive claims and assist In building extension to
Albuquerque and Hagan
coal mines. V. 89, p. 721; V. 87, p. 545; V. 89. p.
1069; V. 90. p. 772.
In
March 1910 new Interests were understood to be
negotiating to purchase the
road. V. 90, p. 772. Other allied lines, see V. 80, p. 221.
Stock, $2,500,000, all outstanding. For year ending June 30 1910, gross, $80,663; def. un¬
der operations. $3,962.
Pres., Harrison Nesblt, Pittsburgh, Pa.; V.-P.*
W. S. Hopewell; Treas.. Charles C. Murray;
Sec., Francis J. Torrance.
Office, Santa Fe, N. M.—(V. 90, p. 167, 772. 1554, 1677.)
NEW JERSEY ft PENNSYLVANIA RR.—Whltehouse to Morristown*
N. J., 25 miles; extension of 1 mile to heart of Morristown
proposed.
On
March 8 1910 receiver was discharged, V. 90,
p. 772.
Stock. $400,000.
Bonds authorized, $200,000.
Pres., Chas. N. Flint; Sec. and Treas.. Louis
E. Spencer.
Office, 63 Wall St., New York.—(V. 90, p.
772.)
NIAGARA JUNCTION RY.—A terminal and switching road extending
from Niagara Falls, N. Y.* to Pletcher’s Corners, N. Y., 4.86
miles; factory
sidings* 6.38 m. Stock. $160,000 com. and $140,000 8% cum. pref.; aU of
com. and all the outstanding pref. being
owned by Niagara Falls Power
Co.
Calendar year 1909, gross, $58,835; net, $35,928; other
Inc., $913;
lnt., taxes, Ac., $13,219; bal., sur., $23,622. Pres., Edward A. wickes;
V.-P., Philip B. Barton; Sec., Fred’k L. Lovelace: Treas., W. Paxton
Little.
New York office, 15 Broad Street.
40 m., with branch to Doyles, 15 m.; V.
75, p. 185.
Successor Aug. 1
1909 to the Manistique A Northern.
V. 81, p. 975; V. 87, p. 97; V. 89,
p. 470.
Stock, $250,000.
Bonds authorized, $1,300,000 25-year 4%
NORTHWESTERN COAL RY.—Allouez Bay, Wisconsin, to Allouez Jet.,
Wls., 2.53 miles, with coal wharf covering about 80 acres of land.
V. 71,
p. 698.
Owned by the Pittsburgh Coal Co.; which guarantees the bonds,
of which $220,000 are apportioned to the railroad and $574,000 to the coal
properly. See official statement, V. 71. p. 698. Capital stock $1,000,000.
For year ending June 30 1908* gross, $17,224; net. $27$; other
Income, $38,017; int., taxes, Ac.* $40,288; bal.. def. for year, $17,201.—(V. 71, p. 698.>
PHILADELPHIA HARRISBURQ ft PITTSBURGH RR.—Harrisburg*
Pa., to Shippensburg, on the Western Maryland RR., 47.64 m.; 2d track*
40.62 m.; 3d track, 4.87 m.; sidings and laterals, 10.88 m.
Leased Oct. 15
1890 for 999 years, at 5% on stock, int. on bonds, taxes and
expenses, toPhlla. A Reading RR.. which by endorsement on each guar, the-bonds, prin.
A lnt. Lease assumed in 1896 by Phlla. A Read. Ry. Stock, $2,000,000-.
RAPID CITY BLACK HILLS ft WESTERN RY.—Owns Rapid City*
So. Dak., to Mystic, 35 miles.
Incorporated early In 1909 as successor
of Missouri River A Northwestern purchased at receiver’s sale
by the old
bondholders.
V. 88, p. 1254.
Stock authorized, com., $450,000, all out¬
standing; prof. 5% cum., $250,000, of which $233,000 pref. outstanding;
par, $100.
Stock In 5-year voting trust. Of the 1st 30-year 5s (total $750,000 auth.), redeemable at 105 on and after Nov. 1 1919,
$350,000 have
been Issued; remainder reserved for extensions and Improvements.
Colum¬
bia Trust Co., N. Y., trustee.
Pres., Geo. E. Macomber, Augusta, Me.;
Sec., Charles E. Hoyt, South Norwalk, Conn.
STEPHENVILLE NORTH ft SOUTH TEXAS RR.—Owns Stephenvffle
Tex., to Hamilton, 43 miles
Stock, $43,300. In April 1910 the St. Louie
Southwestern acquired all the stock and Is extending road from Hamilton
to Gatesville, 32 m., and from Hamilton to Comanche, 35 m.; branch also
proposed from Stephenville to Thurber, 26 m.; the outstanding $658,500
1st 5s to be replaced by bonds of a new issue of 30-year gold 5s at
$25,000
per mile; Commonwealth Trust Co., St. Louis, trustee.
V. 90, p. 1045;
V. 91, p.397.
For year ending June 30 1909, gross, $71,716; net, $19,764.
—(V. 88, p. 565, 1103.)
TEXAS SHORT LINE RR.—Grand Saline, Tex., to Hoyt, 9X m.
In Jan. 1909 a syndicate acquired all the stock and bonds and
proposed to
extend road.
V. 87, p. 1605: V. 88, p. 232.
Stock, $10,000.
Bonds,
see table.
Year ending June 30 1910, gross, $30,282; def. under oper.
exp.,
$1,900.
Pres., John B. Christensen, Commonwealth Trust Bldg., St.
Louis, Mo.—(V. 88, p. 159, 232.)
TEXAS SOUTHEASTERN RR.—See V. 89. p. 529.
TIDEWATER ft WESTERN RR—Owns Bermuda to FarmvIUe, Va..
89 m.; branches, 3 m.
V. 81, p. 212.
Stock authorized, $500,000; out¬
standing, $300,000; par, $100. Bonds (Virginia Trust Co., Richmond, Va.;
trustee), see table on a preceding page.
MANITOU ft PIKE’S PEAK RY.—Manltou, Col., to summit of Pike’s
Peak. 8.9 miles, standard gauge.
Operated from April to November,
yearly. Stock. $500,000; par of shares, $100. In Oct. 1909 $500,000 20year 58 were Issued to replace old
maturing bonds. For year ending Nov. 30
1908. gross, $103,273; net, $53,853; other Income, $8,980: lnt. on
bonds,
$25,000; taxes, $2,656; bal., sur., $35,177.
Pres., C. W. Sells.
Office,
Manltou. Col.—(V. 89. p. 847.)
EARNINGS.—2 mos., /1910.
Gross, $14,381; net, $1,994
July 1 to Aug. 31.
11909
_Gross,
2,304
13,041; net,
Year ending June 30 1910, gross, $83,942; net, $7,071; lnt. and taxes,
$16,164; bal., def., $9,093. Pres
T. F. Jeffress; Sec. and Treas., G. M.
Wilson, Richmond, Va.—(V. 85, p. 865.)
TOLEDO SAOINAW ft MUSKEGON RY.—From Muskegon, Mich., to
Ashley, Mich.. 96 miles. The Grand Trunk of Canada owns the $1,600,000
stock; bonds have a trafflo guaranty.
V. 71, p. 85; V. 72, p. 338.
Year ending.
Gross.
Net.
Interest. Oth. Chas.
Deficit.
June 30 1909...$128,160
op. def. $43,017
$83,100 $21*159 $147,270
,
KINGSTON ft PEMBROKE RY.—Owns from Kingston, Ont.. Can., to
Renfrew on the Canadian Pacific, 104 miles; branches, 9 miles.
ized in 1899 per plan in V. 67, p. 274. Stock, $1,000,000 first Reorgan¬
pref. 5%
non-cum., $150,000 2d pfef. 3% and $2,500,000 common.
The Canadian
Pacific owned on June 30 1910 $1,130,350 pref. and $1,889,175 common
stock. V. 77, p. 636, 1221. First dividend on first pref., 1%,
paid April 2
1901; none later reported. Year 1907-08, gross, $217,423; net, $48,101;
Oth. Inc., $640; lnt. on bds., $17,160; bal., sur.,
;$31,581.—(V.73, p. 1160.)
LANCASTER OXFORD ft SOUTHERN RR. (3 foot gauge) .—Oxford,
Pa., to Susquehanna, 20 miles; branch, 8 miles. Stock, $200,000;
par,
$100.
The Oct. 1910 coupons on the $200,000 bonds were not paid,
a
proposition being made to Conestoga Traction Co. with view to converting
road into a standard-gauge electric road.
V. 91, p. 945.
Year ending
June 30 1910, gross, $30,871.
In 1908-09, gross, $31,557; net, $11,465;
lnt., taxes, Ac., $11,099; bal., sur., $366.
Pres., W. M. Franklin; Treas.,
J. W. Bausman; Sec., J. B. Long. Office, Lancaster, Pa.—(V.
91, p. 945.)
MANISTEE ft GRAND RAPIDS RR.—Manistee to Marion, Mich.,
73 m.: Filer City to Sands, 2 m.
Stock auth., $1,000,000; out., $450,000;
par of shares, $100.
Bonds outstanding last accounts, $265,000*
For
year ending June 30 1908, gross, $79,693; def. under oper.
exp., $6,505;
total deductions, $33,345; bal., def.,.$39,850.
Pres., H. w. Seaman;
Treas., B. C. Sammons.
Office, Manistee, Mich.—(V. 90, p. 1296.)
MANISTEE ft NORTHEASTERN RR.—Owns from Manistee, Mich., to
Traverse City, 71 m.; Solon to Provemont.15 m.; Platte River to
Empire,
29 m.; other, 110 m.; total. 225 m.
Stock, $2,000,000; out., $525,766.
Of the bonds ($1,500,000), $40,000 mature Jan. 1
yearly from 1912 to
1938.
Sinking fund of 50% of surplus income, beginning July 1 1910,
Is to be used to call bonds by lot at 102 H and Interest until
$1,000,000
have been canceled.
V. 88, p. 375, 823; V. 90, p. 1363.
For cal. year
1909, gross, $450,977; net after taxes, $99,094; lnt. on bonds outstanding,
$55,633; bal., sur., $43,461.
Pres., Edw. Buckley, Manistee, Mich.
—(V. 90, p. 1363.)
,
.
MANISTIQUE ft LAKE SUPERIOR RR.—Manistique, Mich., on Lake
Michigan, northerly to Shingleton, on the Duluth So. Shore 4s Atlantic,
non-cumulative Incomes, dated Aug. 1 1909, Interest payable
yearly if
earned; outstanding, $1,100,000.
For 11 mos. ending June 30 1910,
gross, $85,888; net income, $26,240; int., taxes, &c., $14,105;
bal., sur.,
$12,135.—(V. 87, p. 97; V. 89, p. 411, 470.)
,
.
—(V. 71,
p.
31, 85.)
Got., 1910.
RAILWAY STOCKS AND BONDS
TOMBIdBEE VALLEY RR.—SUas, Ala., to Nonahubhad Landing, on
the Tomblgbee River, 62 miles; extension under construction from Silas
north to Butler. 25 miles.
Stock is limited to $10,000 per mile, all common;
$620,000 outstanding. Of the 1st 5s of 1006, $1,000,000 are issuable at
$5,000 per mile and the remaining $200,000 for equipment and terminals at
$1,000 per mile after earnings we more than double those at the time of
the
of the mtge.
In April 1006 $425,000 bonds had been sold.
V. 82, p. 806.
Of the general 6s of 1010 ($400,000 auth.), $216,000 have
been sold against the 62 miles completed and 10 miles northern extension.
V. 00. P. 078.
Guarantees Jointly with Alabama Tennessee & Northern
the Mobile Terminal A Ry. 1st 6s ($500,000 auth. Issue), of which $175,000
outstanding. V. 01, p. 718.
For 12 mos. ending June 30 1010, gross, $85.340, against $81,320 in 1008-00; net, $33,002, against $28,133.
For 2 mos.
ending Aug. 311010. gross, $14,208, against $12,621 In 1000; net, $5,603,
against $4,161.
Pres., J. T. Cochrane; Sec., C. P. Duke, Fairfield, Ala.—
(V. 00, p. 078; V. 01. p. 718.)
167
opened Sept. 1010. Stock auth., $40,000. Bonds ($2,000,000 auh.),
V. 86, p. 1345.
Pres., A. W. McLean. Lumberton. N. C.—(V. 86, p. 1345.)
VIRGINIA A SOUTHWESTERN RY.—Owns Bristol, Va., to coal fields
Va., and southerly to Iron mines at Mountain City,
around St. Charles,
Tenn., with branches, a total of 221 miles, Including a 38-mile cut-off from
Moccasin Gap to Persia, Tenn.; leases Rogersvllle via Persia to Bull's
Gap. Tenn., from Jan. 1 1910; trackage, 51 miles; total mileage, 272 miles.
In July 1908 Southern Ry. completed purchase of the $2,000,000 stock.
V. 87, p 98.
The Virginia Iron, Coal & Coke Co. guar, the 1st M. bonds,
& 1.; V. 75, p. 348, 398, 736; V. 76, p. 273.
Of the flret consol. 50-year
($7,000,000 auth. Issue), dated April 1 1908. $2,000,000 are reserved to
retlro the outstanding 1st M. bonds and $430,000 remain in the treasury.
V. 86, p. 1102, 1161, 1287; V. 87, p. 1606.
Car trusts, $120;000 5s due
$15,000 Dec. 1910 and $15,000 monthly from April to Oct. 1911.
__
EARNINGS.—2
mos.,/1910
Gross, $202,887;
net,
$73,551
July 1 to Aug. 31.
Gross,
202,633; net,
67,969
11909.
Report year June 30 1910 In “Chronicle" October 29 or Nov., showed,
gross, $1,196,194; net, after taxes, $294,443; other Income, $85,565; lnt.,
rents, Ac., $265,395; improvements, $1,012; bal., sur., $113,601.
In
1908-09, gross, $1,136,286; net, $313,389.—(V. 89, p. 1282; V. 01, p. 1096.)
WABASH CHESTER A WESTERN RR.—Chester. Ill., to Mt. Vernon.
Ill., 65 miles. Stock $1,250,000; par, $100. Coupons due July 1894
paid July 1896: none paid since. Year ending June 30 1008, gross, $123,244; net, $3,688; total deductions. $40,003: bal., def., $37,215.
WADLEY SOUTHERN RY.—Collins. Ga.. to Rockledge, 90 miles.
TRANSYLVANIA RR.—Hendersonville to Lake Toxaway, N. C., 42
Allied with the Central of Georgia Ry., which owns all the $800,000 bonds,
miles.
Leased to Southern Ry. for 50 years from Jan. 1 1006 at a rental
deposited under its short-term notes. V. 83, p. 437; V. 85, p. 605. Stock,
of $25,000 yearly for 10 years and $30,000 thereafter.
V. 83, p. 07.
$600,000: par, $100.
For year ending June 30 1909, gross, $88,173; net.
Stock authorized. $420,000: par, $100; outstanding, $335,000.
V. 68, p. Income
(lncl. $292 “other"), $4,637; taxes and rentals, $8,076; bal., def.
026. Pres., E. B. Alsop, 1502 20th St. N. W., Washington; V.-P. and Gen.
$3,439. Pres., H. P. Smart, Savannah.—(V. 83, p. 975.)
Mgr., J. F Hays, Brevard, N. C ; Treas., A. K. Orr.—(V. 83, p. 07.)
WARREN A CORSICANA PACIFIC RY.—Warren to Campwood, Tex.;
TRAVERSE CITY LEELANAU A MANISTIQUE RR.—Owns Hatchs 20 mites. Stock, $100,000; par. $100. S. F. Carter and W. H. Norris,
to Northport. Mich., 24 miles; trackage Traverse City to Hatchs,.6 miles;
receivers.
V. 80, p. 999; V. 87, p. 40.
For year ending June 30 1907,
total, 30 mites.
A reorg. Sept. 10 1008. V. 86, p. 075; V. 87, p. 814.
gross, $48,221; net, $15,741; taxes, $493; bal., sur., $15,248.—(V. 87. p. 40.)
Stock authorized, $278,000.
No bonds Mch. 1010. For year end. Dec. 31
WARREN RR.. N. J.—New Hampton Jet. to Dela. Bridge. N. J., 15.8
1008, gross, $38,670.—(V. 87, p. 814.)
m. Leased In perpetuity to Dela. L. A W. at 7% on stock and Interest
on
bonds.
See form of guaranty, V. 72, p. 628.—(V. 80, p. 999.)
TRAVERSE CITY RR.—Owns road from Walton to Traverse City,
Mich., 26 miles.
Grand Rapids A Indiana owns nearly all the $205,000
WASHINGTON A VANDEMERE.—Washington, N. C„ to Vandemere
For on Pamlico Sound, 40 miles, completed Jan. 1909. Majority of stock
stock and all the $100,000 of 5% income bonds; V. 78, p. 1448.
year ending Dec. 31 1000, gross, $80,760; net, $8,010; bond lnt., $7,500;
owned by the Atlantic Coast Line RR., which guarantees the bonds, prln.
betterments, $2,341; bal., def., $1,831.—(V. 87, p. 814.)
A lnt. Bonds are Issuable at $18,000 per mile. Including $4,000 for equip.
V. 84, p 1249; form of guaranty., V. 85, p. 347.
TREMONT & GULF RY.—Owns Tremont to Wlnnfleld, La., 50 miles.
Dodson to New Rochelle, 27 miles; trackage, Jonesboro to Sikes, 20 miles;
WASHINGTON CENTRAL RY.—(See Map* Northern Pacific.)—Owns
road, Cheney to Coulee City, Wash., 109 miles; branch from Coulee City
total, 07 miles. Stock authorized, $5,000,000; outstanding, $2,000,000;
to
Adrian,
21 miles; total, 130 miles.
Reorganization in Jan. 1398.
Of the bonds ($5,000,000 auth. Issue), redeemable In whole or
par $100.
Leased In 1898 to Northern Pacific for 999 years at rental sufficient to pay
part on and after Feb. 1 1018 at 105 8c lnt., the $3,450,000 unssued are re¬
interest on 50-year gold 4s, to be Issued at $15,000 per mile.
served for extensions at not over $30,000 per mile, for Improv’ts, 8cc., under
(See V. 66.
restrictions contained In the mtge.
V. 88, p. 1314.
Pres., W. H. Sea¬ p. 953.)
Nor. Pac. owns entire $1,000,000 stock.—(V. 67, p. 691.)
man; Sec., James Stanley Joyce.
Office, 206 La Salle St., Chicago, and
WASHINGTON COUNTY RY.—Owns Washington Jet., on the Maine
Wlnnfleld, La.—(V. 88, p. 1314.)
Central RR., northeasterly to Calais, Me., 103 miles; branch to Eastport.
16
and Princeton, 20 miles—total, 139 miles.* V. 77, p. 2340.
TRINITY A BRAZOS VALLEY RY.—Owns Cleburne to Houston. Tex., Themiles,
Maine Central owns the $2,500,000 stock and guarantees the bonds,
236 m.
Teague to Waxahachle, 67 m.; trackage rights, Cleburne to Fort
principal and Interest, by endorsement, but road Is operated Independently.
Worth. Tex., 28 miles; Houston to Galveston, 58 m., and from Waxa¬
Bonds are Issuable at $20,000 per mlie, being subject to call at par and
hachle to Dallas, 31 m.
Total, operated 422 miles. V. 83, p. 605, 1172.
lnt. Jan. 1 1924.
For year end. June 30 1910, total oper. revenue, $483,018;
Colorado Southern and Rock Island Co. each own half Interest in stock
net over taxes, $133,504; other Inc., $1,552; oharges, $94,087; improve¬
(the Rock Island's interest being subject to the lien of the Colorado 8s South¬
ments, $30,320; bal., surp., $10,649.—(V. 89, p. 722; V. 91, p. 791.)
ern mtges.), and the Colorado 8> Southern Ry. Co. and the Chicago Rock
WASHINGTON A FRANKLIN RY.—Hagerstown, Md., to Qulnsonla,
I. 8b Pac. Ry. Co. have agreed to advance to the Trin. A Br. Val. any
necessary funds not otherwise provided for.
The Chic. R. I. 8s P. Ry. Co. Pa., 14.37 miles; was built In 1898 and extended from Qulnsonla to Zumbro, 5 m.
Leased to Western Md. for lnt. on bonds and 5% on $150,000
has also agreed to pay for, on May 1 1035 (date of maturity of Col. 8b Sou.
refunding and extension mtgef), one-half of the 1st mtge. bonds and other stock. Reading Tr. Co. Is mtge. trustee.—V. 73, p. 392.
securities of the Tr. A B. V. Ry. V. 80, p. 1423,2622; V. 82, p. 030,086.
WEATHERFORD MINERAL WELLS A NORTHWESTERN RY.—
Owns one-quarter Interest in Houston Belt 8s Term. Ry. and practically
Owns Weatherford via Mineral Wells to Graford, Tex., 41 miles.
Stock,
entire stock of Galveston Term. Ry.
$100,000. The Texas 8b Pacific guarantees the bonds ($1,354,000 auth¬
Stock, $600,000; par, $100. In Aug, 1905 made a new first mtge. to
orized Issue), principal and Interest, by endorsement.
V. 75, p. 908,1353.
secure 30-year 6% bonds due 1935 at $30,000 per mile, all to be deposited
See form, V. 78, p. 344.
For year ending June 30 1909, gross, $153,161;
as Issued under Col. 8s South, refunding mortgage; outstanding June
net, $69,141; charges, $52,773; bal., sur., $16,368.
Pres., G. J. Gould;
1910, $8,760,000. Certs, of indebtedness to Col. 8s Southern June 30
Sec. 8b Treas., J. W. Boot.—-(V. 78, p. 344.)
1910, $1,094,640, to which was also due for construction advances. $6,684,
WEST VIRGINIA A PITTSBURGH RR.—(.See Map BaU. A Ohio.)—
and to Chic. R. I. 8# Pac. Ry., $1,642,745.
The 5% equipment bonds of
Clarksburg, W. Va., to Richwood, W. Va., 120 miles, with branch, 6 miles;
1907. subject to call at 101, mature $25,000 semi-annually, and are guar,
also from Weston, via Buckhannon to Pickens, 50 miles; total, 176 miles.
jointly, p. 8s 1.., by the Col. 8s Sou. and Chic. R. I. 8s Pac. Ry. V. 84,
Leased to reorganized B. 8b O. for 999 years from Sept. 1 1899, per plan In
For year ending June 30 1910, gross, $2,028,607; net, $19,156;
p. 509.
V. 67, p. 1310, for 4% on the mtge., all except $10,000 bonds being stamped
taxes, $42,853.—(V. 86, p. 287, 1161.)
with agreement reducing the Interest from 5 to 4%; option to retire bonds at
UNADILLA VALLEY RY.—Owns road from Bridgewater to New
V. 69, p. 439,646. Com., $2,500,000, and pref.,
par expired Sept. 11904.
Berlin. N. Y.. 19 miles. Stock, $200,000; par. $100. V. 78, p. 104.
$900,000, all deposited by B. 8b O. under its own Pitts. L. E. 8b W. Va.
Bonds, see table above; V. 78. p. 1499., Lewis R. Morris Is trustee.
System mtge. Mtge. covers road and equip, and 134,842 acres of timber
coal and mineral lands In West Virginia.—(V. 71, p. 810.)
Year ending June 30 1910, gross, $56,472; net, $15,636; lnt. on bonds.
$4,000; bal., surplus, $11,636.
Pres., Lewis R. Morris. Office. 37 Wall
WHITE PASS A YUKON RY.—Owns a narrow-gauge line 110 miles In
St., N. Y.—(V. 78, p. 1168.)
length, extending from Skaguay, Alaska, to White Horse.
(V. 69, p. 335;
V. 67, p. 1162,1138) ; also operates steamers between White Horse ana Daw¬
UNION SPRINGS A NORTHERN RY.—Owns union Swings to Fort son
City and Caribou and Atlln. V. 73, p. 443; V. 75, p. 1300. White
Davis, Ala., 7H miles. In Dec. 1909 an extension from Fort Davis to
Horse copper mines branch, 16 m., building. 7 m. completed Jan. 1909.
Rockford. 58 miles, was proposed, of which 20 miles from Fort Davis to
Mlllstead placed under contract Jan. 1910. Stock $500,000 as Increased
SECURITIES.—Of the stock, £255,555 is reserved to retire a like
March 1910.
Bonds are subject to call since May 1 1906 at 105; Interna¬
amount of debentures.
V. 72, p. 582; V. 74, p. 479.
British Yukon Ry..
tional Trust Co. of Baltimore 1s mtge, trustee. V 76, p. 753.
Year ending see V. 86, p. 1009, 1466; V. 88, p. 687.
June 30 1908, gross, $23,914; net, $5,889; charges. $5,855; bal., sur., $34.
DIVID’S.—
1901. 1903. 1904. 1905. 1906 to 1908. 1909.
1910.
Pres., W. M. Blount, Union Springs, Ala —(V. 76, p. 753; V. 90, p. 772.)
Cash, per cent
10
2H
5
3H
5 yearly.
3
2
Stock,
per
cent
25
UTICA CLINTON & BINGHAMTON RR.—Owns Utica, N. Y., to
For
Income,
£89,168;
charges,
£63,035;
year
ending
June
30
1909,
total
RandaUville, N. Y„ 31 miles.
Leased during continuance of charter
net profit, £26,133; deb. stock, 8bc.. sink, fete., £18,163; dlvs., £27,500;
and renewals thereof to Delaware A Hudson Company, which pays rental
of $61,500 per annum.
Operated by N. Y. Ontario 8s Western. The bal., def., £19,530. Total profit and loss surplus Dec. 31 1909, £12,270.
Pres, of the local (subsidiary) companies, S. H. Graves, Macklnnon Bldg.,
street lines owned (10 miles) are teased to Utica 8s Mohawk Valley Ry.
Vancouver, B. C., Canada: See., F. C. Elliott.—(V. 91, p. 872.)
tor $15,000 per annum. Capital stock, $849,285 (par $100), dividends
on $200,000 of which are guaranteed by Del. 8i Hudson at 5% per annum;
WILMINGTON & NORTHERN RR.—(See Maps Beading System.)—
balance, variable—3 H% 1898 to 1910. ind.—(V. 88. p. 232. 376.)
Owns Wilmington, Del., to Highs Jet., Pa., 72.14 miles; branches, 17 miles,
total owned,
m.
General mtge. bonds are reserved to retire 1st mtge.
VERA CRUZ A ISTHMUS RR.—Owns from Cordoba, on the Mexican at maturity. 89.05
The Reading Co. owns practically the entire $1.500,000 capi¬
Ry., to Santa Lucretla, 203 miles, on the Tehuantepec National Ry„ tal stock, which Is deposited under Its coll trust mtge. Tne
road Is leased
by which connection Is had with Sallna Cruz on Pacific Ocean, 114 miles to the Phlla. 8b Read. Ry. for 999 years from Feb. 1 1900 for lnt. on bonds
distant; also branch from Tlerra Blanca to Vera Cruz, on the Gulf of
and 3X% dlv, on stock, payable quar. (Q.-F. 15).—(V. 80, p. 1858.)
Mexico, 62 miles, forming a through line from the Atlantic to the Pacific
WINONA BRIDGE RAILWAY.—Owns bridge between Winona, Minn.,
Ocean; total, 265 miles. In Nov. 1909 contract was let for branch from
and Buffalo, Wls., 1.03 miles; opened Sept. 1 1891.
Rivas to San Andres Tuxtla, 44 miles; branch was also under construction
Leased for 30 years
to
from Brlsbin to Cerro Colorado, 16 miles, to be extended 12 miles further.
Chicago Burlington 8b Quincy and Green Bay 8b Western, the former.
It
was
reported,
acquiring
about
two-thirds
and
the
latter
the balance of
Re-Incorporated In July 1008 under the laws of Mexico; formerly known as
$400,000 stock; par $100.
Vera Cruz 8s Pacific Ry.
Year ending June 30 1908, net, $33,001;
V. 87, p. 39, 616. Stock, $1,000,000 common,
all acquired In Aug. 1010 by National Rys. of Mexico.
The Mexican Gov’t int. on bonds. $19,200; taxes, $2,972; bal., sur., $10,829.—(V. 77, p. 252.)
guarantees bonds, prln. & lnt., by endorsement. V. 78, p. 1783, 1963;
WISCONSIN A NORTHERN RR.—Projected from Menasha, Wls., north
V. 79, p. 1933, 1643 V. 01, p. 500.
to Mass, Mich.. 210 mues, with branch to Antigo, Wls., 24 miles, of which
Shawano to Van Ostrand. 36 miles, and Crandon to W. 8b N. June.. 6 miles,
BONDS axe subject to call at 110 to July 1 1924 and on July 1 1024
and Neopit to Western Siding, 11 m., were operated July 1909.
and thereafter at par. Jointly guarantees Vera Cruz Terminal Co. deben¬
Stock,
$1,000,000; outstanding June 30 1909, $735,468; par $100.
tures.
V. 87, p. 39; V. 91, p. 465.
Bonds, $10,For year end. Dec. 31 1907, gross
000,000 auth.
Pres., H. F. Whitoomb; Sec., F. H. Josselyn. Office, Osh¬
earns., (Mexican currency) were $1,143,100; net, $95,261.
kosh, Wls.—(V. 87, p. 741.)
Pres, and Gen. Mgr., Thomas Milan, Vera Cruz, Mex.; Asst. Treas. and
Asst. Sec., L. S. Zimmerman, Baltimore.—(V. 91, p. 590.)
WRIGHTSVILLE A TENNILLE RR.—TennUle, Ga., to Hawklnsvllle,
VERMONT VALLEY RR.—Owns Bellows Falls to Brattleboro, Vt., 24 76 miles; Dublin to Eastman. Ga., 28 miles (former Dublin 8b Southwestern,
acquired Aug. 1907); total, 104 miles. Stock, com., $530,000; pref., $70,Controlled by Connecticut River RR., which owns practically entire
miles.
000; par, $25. Central of Georgia owned June 30 1910 all pref. and $278,stock, and operated by Boston A Maine as agent under lease of Connecticut
600 com.
First mtge. to the Citizens’ 8b Southern Bank, Savannah, for
River, the Vermont Valley receiving earnings over charges with a minimum
guaranty of 4% on stock.
V. 76, p. 214.
Owns all the stock of Sullivan $250,000, $150,000 being In treasury July 1910. V. 85. p. 285, 795, 1578.
Dlvs.. long 6 to 7% yearly; 1004, 7%; 1005, 6%; 1906, 11%: 1907, 11%
County RR., Bellows Falls to Windsor, Vt., 26 miles. Dividend, long 6%,
(lncl. 5% extra); 1908 to 1910, 6% (J. 8b J.).
m 1004, 8%; 1905 to 1910, lncl., 10%.
For year to June 30 1910,
Bonds ($1,500,000 1st 4 Ha of 1010) are secured by first lien on road, 24
54;
dlvs. (6%), $36,000; bal., sur., $47,888. Pres., A. F. Daley, TennlUe.
miles, and additionally by deposit of $700,000 Connecticut & Passumpsic
Rivers RR. and $100,000 Massawlppi Valley Ry. stock.
V. 91, p. 791. —(V. 85, p. 1578.
Year ending June 30 1910, gross, $431,122; net, after taxes, $142,306; other
WISCONSIN A MICHIGAN RY.—Owns from Iron Mountain, Mich., to
Income, $40,050; lnt. on new bonds calls for $67,500 yearly.
Peshtlgo Harbor, Wls., 75.79 miles; branches, 50.79 m.; trackage, 8.50 m.
VIRGINIA-CAROLINA RY.—Abingdon, Va.. to Vlrginla-Tennessee In May 1904 logging railway Pembina, Wls., westerly 42 m., was purchased.
State line, 17 miles; Beaver Dam RR., operated. State line to Crandull,
V. 78, p. 2013.
From Peshtlgo cars are taken by Lake Michigan Car Ferry
8 miles; total, 25 miles.
Extension proposed to Jefferson, 21 miles. Stock
Transportation Co. to Chicago. Stock, $951,500; authorized. June 1905 to
outstanding,
$400,000.
first
authorized, $1,000,000;
Bonds, $180,000
gold be increased to $5,000,000; par value, $100. Current liabilities June 30
5s, due May 1 1950.
Year ending June 30 1908, gross, $98,683; net. $41,1910, $1,771,990. Last coupon on 1st mtge. bonds paid was that maturing
656; charges, $19,144; dividends, $2,000; bal., sur., $20,512. .Pres, and
July 1 1898. Of the bonds, $905,000 1st 5s and $150,000 4s were Included
Treas., W.B.Mlngea, Abingdon, Va.; See., G. W.Bolce.—(V. 86, p. 1845.)
In the collateral turned over to the Chicago banks In Jan. 1910 on settlement
VIRGINIA A CAROLINA SOUTHERN RY.-^0 wns from Lumberton, of the Walsh notes. V. 90, p. 169. Year 1909-10, gross, $178,804: net,
$8,172: other Income, $28,620; lnt., taxes, 8bc., $141,464; bal., def., $104,N C., north to Hope Mills,* 27 m.; oontract let Mch. 1910 for extension
672.
Pres., J. P. Hopkins, Chicago.—(V. 90, p. 169, 304.)
from St. Pauls, N. C„ to Elizabethtown, 30 m., of which 14 m. to Tar Heel
TORONTO HAMILTON & BUFFALO RR—Hamilton to Waterford,
Ont., 43 miles; Hamilton to Welland, 38 miles; branches, 7 miles. (See
V. 62, p. 310.)
Under traffic agreement with N. Y. Central, Michigan
Central, Canada Southern and Canadian Pacific, Interest Is practically
guaranteed. See V. 68, p. 475, and advertisement In “Chronicle* of March
Of the $2,500,000 stock, $1,821,300 Is held by N. Y. Central
11 1800.
system and $678,700 by Canadian Pacific.
V. 61, p. 753; V. 63, p. 350; V.
p.
475.
68.
1134; V. 60, p. 20.
For year end. Dec. 31 1008, gross, $785,400;
net $210,180; tnt. and taxes. $187,520; bal., sur., $22,651.—(V. 70. p. 1705.)
--
..
Sross, $301,178; net, $108,134; other income, $1,109; lnt., taxes, 8bc., $25.-
16*
BANKS, TRUST COS., INSURANCE COS., ETC.
NEW YORK AND BROOKLYN BANKS.
Capital.
Par
Now York.
Aetna
America a
Am. Exch
$
100
Bronx Bor .a. 100
Bronx
100
Bryant Parka 100
But. A Drov. 25
a—
Surplus A
Latest.
81
150,000
100
25
Chelsea Ex.a 100
Chemical.... 100
Citizens’ Oen. 100
Chatham....
...
8
26
10
’
12
200,000
300,000
250,000
5,000,000
/450.000
200,000
3,000,000
2,550,000
100
undivided
Companies.
Capital.
MAN
Q—J
Q—J
-ir
—
15
J’ne 30 ’10.10
1/9
JAJ
Q—J
Q—F
10
12
8
8
Q—F
16
r20
6
6
12
8
’10.
’10.
’10.
’10.
’10.
’10.
2
2X
IX
5
IX
N. Y.
Amount.
Aug. 31 ’10
$
$
$
City.
As tor
Bankers*
100
100
100
100
100
100
....
Broadway
Carnegie
..
....
Central
Columbia
Commercial
100
Com’nwealth. 100
.
Empire
100
Equitable
100
Farm.L.ATr. 25
Fidelity
100
____
Fulton
100
100
Guardian
100
Hudson
100
Knickerb*k*r 100
Law.T.I.AT, 100
Lincoln
100
ft Mad Ison
ioo
Manhattan
30
Guaranty
....
2 X
July ’10. 10s
Oct ’10.
2
Jan29’10.
2
Aug ’10.
4
Mercantile
JAJ
Beg bus
MAN
Par
2
July ’10.
13
May ’10.
5
V. 89, p.1258
V. 80. p.
99
8o
Aug ’10.
Oct
Nov
r7X Oct
10 Nov
1/8 Oct
025 Oct
4
15
6
10
Q—J
106j25.000.000
’10.
July ’10.
4
Beg bus Sept 1907, V.85, p. 575
6 July ’10.
JAJ
6
3
6
3
Oct ’10. IX
Q—J
6 July *10.
JAJ
6
3
1016 Oct ’10.
tcl6
4to
Q—J
Bf-mo.
Q—J
Coal A Iron.. 100 1,000,000
Colonial a
100
400,000
Columbia a.. 100
300,000
Commerce... too 25,000,000
(n)
nCopper .... 100 2.000.000
Com Exch.a. 100 3,000,000
100,000
a
100
Oosmqpoll'n
East River.. 25
250,000
•Europ-Am a 100
100,000
(c)
200,000
Fidelity a
100
175, 02
Fifth
100
250,000
499.900
Fifth Ave a.. 100
100,000 2,109,360
First
100 10,000,000 20,589,t»00
First Security 100 10,000,000
14th St a.— 100 1,000,000
320,423
Fourth
100
5.000,000 5,62 .900
Gallatin
50
1.000,000 2.533.200
Garfield
100 1,000,000 1.197.700
German-Am a 75
750,000
689.458
German Ex.a 100
200,000
895,160
Germania a.. 100
200,000 1,016,551
Gotham
10(
100,800
200.000
Greenwich a. 10(
500,000
832,918
Hanover
10(
3,000,000 11.910.100
Oct
100
..
July ’10.
Hung.-Am.a_ 10(
Imp. A Trad. 10(
200,000
1,500,000
Internet a— 10(
500,000
Irv. Nat. Ex. 10(
2,000,000
Jefferson a
10(
500.000
Liberty
10(
1,000,000
Lincoln
10(
1,000,000
Manhattan a. 5(
2,050,000
Mkt. A Fult. 100l 1,000,000
nMech.AMet. 100 6,000,000
n Mechanics*. 100
3.000,000
Mercantile
100 3,000,000
*
...
..
Merch. Exch.
Merchants*
50
50
..
Metropolis a. 100
Metrop*n a__.10G
Mt. Morris a.
Mutual a....
Nassau a_...
New Neth.a.
New York
N Y County.
10C
10C
5C
100
100
10C
Night A Daya 10C
’
600,000
2,000,000
1,000,000
2,000,000
250,000
200,000
500,000
200,000
2,000,000
500,000
200,000
19th Ward a. 10(1
300,000
Northern a.., 10'
700,000
Pacific a
5
500,000
Park
100 5,000,000
...
People's
25
20
10C
10C
100
10C
Royal a..... 100
Seaboard.... 100
a
Phenlx
Plaza a
Prod. Ex.a..
Public a.....
Reserve
Second
Sherman
State .a
10(
....
12th Ward a.
23d Ward a..
Union Ex...
Wash H.a___
West Side.a.
Yorkville a..
10C
10(
10C
1
1
100
100
100
200,000
1,000,000
100,000
1,000,000
200,000
1,200.000
100,000
1,000,000
1,000,000
200,000
1.000,000
200,000
200.000
1.000.000
100,000
200,000
100.000
Brooklyn.
fBorougha.. 100
Broadway a. 100
50
50
Coney
a 100
First
100
tiHome a
100
Homestead < 100
Manufac'rs*.
30
Mechanics* a
50
Montauk a. 100
Nassau
100
North snde.< 100
100
People's
Pros Parka.. 100
100
Ridgewood
Terminal a., 100
t Union, a
100
g^ooklyn a.
isl’d
...
....
_
200,000
200,000
300,000
300,000
100,000
300,000
100,000
200,000
252,000
1,000,000
100,000
750,000
200.000
200,000
100,000
100,000
100,000
1.000.000
*_
....
%
1,250,000
6
809,078 Q—F
2
Aug ’10.
066
12 Oct ’10.
6,295,190 Q—J
4
No.it
432,029 Q—F
Nov '10. IX
IX
8
1,500.000
6 June ’10.2-3n
760,010 Ai’thly
8,000,000 16,124,819 Q—J
<80 Oct ’10.
91
p2 59
1,000.000 1,601,238 Q—VI
8
Sept’30’10. 2
500,000
291,330 Beg bus Nov 1906.
352 351 Beg bus Apr 1 *02 V. 74. p. 657
250,000
1,000,000 1,139,680 Q—J
7
07 Oct ’10. 2 X
3,000.000 10,989,715 Q—M
19
18 Sept 30’1(
6
1,000,000 5,984,106 Q—F
40
40 Nov *10.12 X
750,000
67
3 July ’10.
960,567 J A D
3
500,000
10
805,101 JAJ
10 July ’10.
7
5.000,000 21,143,925 Q—M
r20
r20 Sept 30’10 8r
500.000
518,212 Beg bus Aug 11902. V. 75, p. 422
500,000
6 None July ’10.
690,553 JAJ
3
63,181.000 5.826.128 Q—M None None Sep30’l 0. 3
4.000,000 6*276,328 y—J
12
all
Oct ’10.
3
1,000,000
572,237 Q—M None None July ’10.
3
1.000.000
12
991,591
clO Dec31’09.
Q—J
1
1.000,000 2,155,440 JAJ
12
12 July ’10.
6
2,000,000 7,146,379 Q—J
30
45 Sep 30’10
5
2,000,000 7,910.204 Q—M
24 SeptSO’lO
24
6
700,000
385,3 3 JAJ None
d4 Jan ’08.
Ad
1,000,000 3,936,371 J A D /45
f 45 J’ne 10. 20
3.000,000 11,089,304 Q—M
32
32 SepSO’lO
8
500,000
70,000 JAJ None None July *07.
2
1.000.000 1.354,470 Q—M
14
10 Sep30’10
4
4,375.000 10,391,2 3 y—M
20
16 SepSO’lO
5
2,000.000 6.523,080 Q—J
9 X
2 Oct ’10. 2 X
1,000,000 7,775, 91 Q—J
50
50 Oct *10.12 X
2,000,000 4,418.462 Q—M
24
20 SeptSO’lO
6
2,000,000 13,856,570 JAJ
50
50 July ’10.
25
500,000 1,278,772 Q—J
14
14 Oct ’10.
3
1,000,000
4.9,867 J
A D
6
6 J’ne29’09.
3
3,000,000
700,000
■
iJ
—
-r
Tr
...
....
....
_
_
_
m
^
^
^
*Oct
....
..
...
....
_
-
-
-
.
_
_
-
p Also stock dividend of 100% paid Sept. 1 1908; V. 87.
p.,454, 339; V. 86, p. 199. r Increase dqe to change In dividend period,
sfra dividend of 4% paid July 1 1910. J I Suspended business April 7
I ; 1810fV. 00. p. 951. u Home Bank merged Into the
People’s Trust Co.'
j. March,!.1910; V. 90, p. 599,. 480. v Suspended business April 5,1910;
V* ,V. 90, 04.951, 1021. tv State tax is paid by stockholders, which Reduces
<
»
the dividend to about 13% per annum.'
y,Capital Increased in July 1909
jlW \ ***** $500,000, a cash dividend, bf 100% belpg declared out of surplus to
apply as payment toward new stock; V. 89,' p. 140. t Payable In
stock.*
Period. 1909. 1908. Last paid,
.
.
a State bank.
5 Sept 1 1910 for national and Aug. 31
1910 for State
c Closed by State Banking
banks,
Department In Aug. 1910. V. 91. p.
374.
d Extra dividends of 2X% each paid In Nov. 1909 and
May 1910.
e Special dividends were paid as follows:
130% July 1 1910, 125% July 1
1909, 160% July 1 1908, 150% July 1 1907i /Proposition to increase
capital to $600,000 ratified In Jan. 1910: V. 90, p. 145; V. 89, p. 1574.
<7 Dividend In 1908 was on old capital of 5100,000.
ft Paid in 1908, 8%
In Feb. on old capital ($500,000) and 6% (2%
quarterly) on new capital
($1,000,000). 1 Extra dividends were paid as follows: 10% Jan. 1910 and
5% each In Jan. 1909 and 1908. j A special dividend of 21% was paid
In Deo. 1909 In connection with the merger of Mechanics' National
and
National Copper banks.
I Also 100% stock dividend paid Oct. 1 1908;
V. 86, p. 788.
n Mechanics’ National and National Copper banks consoli¬
dated under name of Mechanics A Metals National Bank, with
$6,000,000
capital; V. 90, p. 346: V. 89, p. 1633, 1390, 1197. o Extra payments as
follows: 5% each Aug. 1, May 1 and Feb. 1 1910 and Nov. 1 1909 and
20%jMay 1 1909.
Dividends paid in 1908 and 1909
and also last dividend.
3
Metropolitan 100
V. 85, p. 696c
Mut. Alliance 100
6 May *10.
6
N.Y.Lf.I. ATr. 100
3
12 Oct ’10.
12
3
Q J
New York... 100
Q—J 6225 6260 Oct ’10. 25 Savoy
100
20
Q—J
29 Oct *10.
5
Standard.... 100
12
3 Oct ’10.
3
Title Gu. ATr. 100
F A A
6
Tr. Co. of Am 100
ox Aug *10.
3
8
no Oct '10.
Q—J
2
Union
100
AAO
12 Oct ’10.
12
7
U. S. M. A Tr 100
12
12 Sep 30’10. 3
Q—M
United States 100
F A A
6
6
Aug ’10.
3
Washington 100
JAJ
20
20 July ’10.
10 Windsor
100
MAN d22H
20 May’1012 Xd
Brooklyn.
Beg.bus .Apr. 11*10 V. 90, p.1021 Brooklyn.
100 1,000,000 2,343,612 Q—J
20
20 Oct ’10.
5
10 Nov ’10. 2 X
Q—F
10
Citizens*
100
500.000
168,855 MAS
5
Sept ’10. 2 X
16
16 Oct *10.
Q—J
4
Flatbush
100
300,000
269.154 JAJ
8
8 July ’10.
4
92,972 Beg bus Dec 1907, V. 85, p.1436 Franklin
100 1,500.000
A D
905,047 J
8
11X J’neSO’10. 4
7,545,900 JAJ
20
20 July ’10.
12
Hamilton
100
500,000 1,060,553 Q—F
10
10
3
Aug ’10.
109,610
None
5 May *08.
Home
5
100
750.000
327,533 JAJ None None July ’07.
2
1 655,000 Q—J
8
8 Oct ’10.
2
Kings County 100
500,000 2,058,695 Q—F
14
12 Nov ’10.
4
521.283 JAJ
10
10 July ’10.
L. 1. L. A Tr. 100 1,000,000 2,014,634 Q—J
4
12
12 Oct ’10.
3
2.771.200 Q—J
<25
125 Oct *10.
5
Nassau
100
600.000
s
426,803 Q—F
8
Nov ’10.
2
1,542,500 Q—F
8
sPeo pie's.... 100 1,000,000 1,632,137
(ft) Aug ’10. 2 X
12
12 Oct ’10.
M’thly.
1
4,184,507 JAJ
14
14 July *10.
6
Williamsburg 100
700.000
70,052
None None Oct *07.
Q—J
2
1.720.700 Q—J
12
10 Oct ’10.
3
a Decrease due to change In dividend
7.988,000 Q—F
3
Aug ’10.
period, b 1% extra paid Dec. 31
(n)
c Extra dividend of 2%
1909.
Q—J
12 Jan ’10.
J3S
3
paid In Dec. 1908; also 25% In stock of the
2.726.200 Q—J
Nineteenth Ward Bank on Dec. 31 1908.
2 Oct ’10. IX
d Stock dividend of 40% declared
3X
from surplus In Sept. 1908, increasing capital
582,000 JAJ
6
6 July *10.
3
from $500,000; V. 87, p.
1,789,600 JAJ
849, 655.
e Authorized capital Is $3,200,000; see V. 90,
7
7 July ’10. 3 X
p. 747, 536, 347.
2,078,248 Q—P
/
Extra
16
16 Aug ’10.
5%
paid
1908
Dec.
In
both
and
1909.
4
o Stock dividend of 50%
1,478,873 Q—J
6
paid Nov. 16 1908; V. 87, p. 911, 985. h This Is the old Van Norden Trust
Oct ’10.
7X
2
313,806 Q—J
Co.
Name changed in Sept. 1910.
8 Oct '10. 2 X
10
V. 91, p. 15, 766.
1 Including 1903
and since, paid 20% extra In
371,312 JAJ
8 July ’10.
8
4
May each year, making 80% p. a. on old
538,210 MAN
8
8 May ’10.
capital of $1,000,000. n Declared 4% in Dec. 1909, payable in monthly
4
265,549 AAO
installments,
o Includes a special cash dividend of
.1
Oct '10. 2 X
2X
50%.
p Capital In¬
3.520,300 JAJ
creased
In 1909 from $1,000,000 to $3,000,000 and a
14 July ’10.
14
7
special cash dividend
of $200 paid June 15 1909; V. 88, p. 1290, 1411.
1,657,400 JAJ
40
40 July ’10.
20
rThe 8% paid March 31,
206,858 Beg bus May 7 *06 V.82. p.1016 June 30 and Sept. 30 1910 Is on $5,000,000 stock of consolidated
company;
371,143
15
Q—F,
11X Jan31’10.1X the 20% paid In 1909 and 1908 on old company’s $2,000;000 stock, s Home
188,971
Bank merged Into the People’s Trust Co. on March 1
1910; V. 90, p. 599,
913,125 Q—F
480.
t Also paid 9% extra May 2 1910.
10
10 Aug *10.
2
12.524.100 W—J
16
16 Oct ’10.
4
NEW YORK AND BROOKLYN FIRE INSURANCE COMPANIES.
470.283 JAJ
10
10 July ’10.
5
724.900 JAJ
6
6 July ’10.
4
453.841 JAJ
20
20 July ’10.
10
Net Surp.
Capital.
Dividends.
757,058 AAO
8
8 Oct 15 ’10 4
Companies.
Dec. 31
178,551 Began b uslne ss Ap rll 22 1908.
Par Amount.
1909.
1909. 1908. 1907. Last paid. %
630,000 JAJ
6
6 July ’10.
3
44,185 JAJ
0
6
6 July ’10.
3
$
$
1.960.200 Q—J
10
8
Oct ’10.
3
City of New York 100
7 X
500,000
545,746
’10. 2X
2,080,900 Q—J
12
rl5 Oct ’10.
3
Commonwealth... 100
10
500,000 1,034,511
id
id July’10.
5
54,000 Beg bus Nov 1907, V. 85. p.1184
Continental
100 C2,000,000 cl2,267166
55
45
45 July’10.
20
782,216 JAJ
10
10 July ’10.
5
100
Empire City
200,000
203,419
8
8
7 July’10.
4
86,025 JAJ
4
5 Dec. 31 '09 2
a Fiaellty-Phenlx 100
2,500,000 C2,202,711 See
Note a
1
106.458 F A A
6
61 Aug ’10.
3
German- Alliance 100
12
400,000
12
630,830
12 July’10. 7 X
952,400 JAJ
10
10 J’ne30’10
4
German-Amer
100 1,500,000 7,940,211
30
30
30 July’10.
15
270.612 Q—J
4
Oct ’10
2
Germania
50 1,000,000 2,008,419
15
12
12 July’10.
9
1.019.248 JAJ
12
12 July 10.
6
Hamilton
15
200,004
18,410 None None None Jan *04.
3
451,833 J A D
20
16 July ’10.
10 Hanover
50 1,000,000 1,252,594
10
£
10
10 July’10. 7 X
Home
100 3,000,000 11,182,837
25
20
20 July’10.
15
Nassau
50
10
200,000
10
219,298
10 July’10.
5
(t)
JAJ None None July ’07.
3
Niagara
50
20
750,000
20
20 July’10.
2,294.500
10
513,261 Q—J
14
14 Oct ’10.
4
North River
25
10
350,000
453.744
10
10 Oct ’10.
5
81,357 JAJ None None July ’07. 3 X
Pacific
25
200,000
12
6 July’10.
374,072
12
7
601,800 JAJ
14
14 July ’10.
7
Peter Cooper
20
6
150,000
135,311
6
10 Aug *10.
3
45,633 Beg bus Augl 0 ’09. V. 89, p. 387
100
Stuyvesant
8
10 x
400,000
3 July’10.
328,108
5
611,000 Q—J
2
None Oct ’10.
2
United States
25
250,000
None
None
128,234
None
Jan
’04.
3
(u)
None
Q—J
2 Jan ’08.
2
Westchester
10
30
300,000 1,431,780
30
30
Aug’10.
20
58,332
None
2
Aug ’08.
2
20
20
Williamsburg Cy. 50
250,000
790,522
20 July’10.
10
831.900 Q—J
18 X
14 Oct ’10.
5
815,367 JAJ
12
12 July ’10.
6
64.544 JAJ
2
a Fidelity and Phenlx Insurance companies consolidated In Jan. 1910.
2
July ’10.
2
1,010,400 Q—J
12
cAs of July 1 1910.
12 Oct ’10.
3
138,975 JAJ
6
P6 July ’10.
3
QAS COMPANIES—SEE ALSO MISCELLANEOUS.
128,600
July *10
2
57,062 Q—J
r7 X
6 Oct '10. IX
27,300
May27’10. 2
Dividends and Interest.
2,282 Beg bus Dec 1905, V. 81, p.1766
Companies.
Par. Securities Interest
(»)
Resume d bus Augl 7’08See note®
afloat.
period. 1909. 1903. a Dale.
Sept 1907,
~
....
profits on
market val.
%
8
J
26
A J
'MAN
10
Beg bus Novi 1909.
Beg bus Nov 1904.
12
o37
O r *4
> J
AD
20
50s
Q—J
200,000
Chase
City
1909. 1908.
Period
$
300,000
1,500,000
5,000,000
200,000
200.000
250,000
Audubon.... 100
Battery Park 100
Bowery a... 100
Century
undivided
profits l >
Amount.
100
100
...
NEW YORK AND BROOKLYN TRUST COMPANIES.
Dividends.
Companies.
[Yol. lxxxx.
$
cBIngh (NY) 1st M 5s.. 1,000
$
750,000 A A
April 1 1933
91.000 AJi
Oct
1 1954
Colum Gas A F com
100 2,750,000
Aug 1 *10, 1
Pref. cum, $6,000,000
100 5,500.000 Q—J
5
Oct 1 ’10 I*
Colum Gas. 1 st M ,g., 5s 1,000 1.500.000 J
A J
5
JAJ 1st 1932
Con Gas (NJ) Stock
100 1,000,000 Mostly owne d b:
Am. Lt.A Tr.
Cons M, 5s, gold_._.c 1,000
976,000 J A J
5
Jan
1 1936
L Br Ltg 1st M, 6s.. 1,000
15.000 J
A J
6
Jan 15 1914
50 2,000,000 Q—J
Indianapolis Gas
None None July3, 1900 2
1st M, 5s, $7,500,000g 1.000 4,250,000 A A O
5
5 Oct
1 1952
dJack (Mich) Gas Stock.
100
600,000 Owned by Mich Light GO.
1st M, 5s, gold
1,000
5
310.000 A A O
5
April 1 1937
cMadlson (Wls) GAE..
100
400,000 Owned by A mer Light A Trac
1st M, 6s, gold
1,000
400,000 A A O
6
6 April 1 1926
Deb, scrip, gold, 6% 25 Ac
100,000 AAO 10
6
6
V. 71. p. 392
Minneapolis G L. Stock
50
A J
800,000 J
8
8 July 1909.
4
1st M 5s.$10.000,000. 1,000 5,490.000 MAS
5
5 Nov
1 1930
100 2.000,000 Q—F
Munlcipal Gas (Alb,NY)
10
10 Aug *10. 2H
eSt Jos (Mo) 1st M, 5s.. 1,000 1,000.000 J
A J
5
5 July
1 1987
cSt P (Minn) G L Stock.
100 2,500.000 Owned by A mer.
Light ATrae.
1st M, 6s, currency
1,000
650,000 J
A J
6
6 July
1 1915
't Consol M 6s
1,000
600,000 J A J
6
6 July r 1 1913
1,000 3,43$LO0O MAS
5
j_Gen M, 5s, gold
5
Washington (DC) G L-20 2,600.000 Q—F
10
10
Var.
ooogooo j A J
4
IMT-lffi,
Var 2.60*400
A D
6
r-1st M 4s
.....
V
See
91^
d This column shows
Stotts and maturity on
trolled by Amer. Lt. A
rsMp of entire capital stock. t.
Paul Gas Lt. Co. aut&bri
In capital to $2,500.000; V. 82.
a Control
Controlled by Mich.’ Lt. Co:, wh* ^^entire stock* T. $9.
r
GenMg5s$2,500,000op
1,000
..
SSftflBStt’W::
i
bJ?
!'»!*>
3Lrfcri-
80191
8987.701109911908.23-9,46
Oct., 1910.1
9979—8000 111908-.
RAILWAY EARNINGS
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
January.
Ala. at. Southern.
310 m.
310 m
310 m.
310 m.
At.Top.&S.Fe Sys.
190709,260-9.405 m.
187.90919077..22535--,,3068
169
190809,405-9,794 m.
190909,792-9,889 m.
191009.889-10,287m.
342.670
254,178
307.255
371,039
7.779,787
7.316,675
7.471,674
7.983.360
February.
March.
324,001
243,391
281,813
329,194
314,978
249,583
285,050
7.426.660
8.433,704
7,401.519
8,289,278
9,254,450
6.762.552
7,227.314
7.920.698
April.
332,552
250,941
283,740
375,590
May.
362,693
253,306
294.402
379,508
June.
July.
August.
345,182
293,197
293,382
370,951
361,987
293,623
353,362
386,658
8,494*368 8,505,918 7,950,058
7,361.388 6.715.415 6.330,618
8,021,626 8,050,275 8,102,501
9.386,631 9,091,484 8,459.030
7.939,555
6,985,400
7,742,272
8,021,539
7,988,890
7,499,685
8,959,839
9,069,359
370,769
279,875
361,640
304.303
305,425
September
October.
November. December.
345.552
286,667
329,074
0377,805
348.723
314,478
370,630
323,637
295,712
8,077,118
8,572,456
8,278,316
9.444,348
8.021,125
7.924.794
8.732.775
368,681
8,403,247
9.628.529
286,855
319.865
370.269
8.140.482
8.168.079
8.389.776
Atlantic Coast L.
1907.4.333-4,360 m. 2,426.242 2,308,539 2.616,752 2,444.409 2.272,677 2,097,104 2,054,189 1,950,997 2,059,243 2,460.410 2,365,278 2,296.082
1908.4.360-4.407 m. 2,023,464 2.231,525 2,442,022 2.266,534 1.950,338 1,928,966 1,742,338 1,575,574 1,902,600 2,222.773 2,247,222 2,535.101
1909.4,407-4,476 m. 2,266,315 2,391,265 2,764,669 2.310.604 2.152.584 2,033,018 1,863,040 1,794,562 2,173.130 2,503.776 2,746,292 2.892.845
1910.4,476-4.491 m. 2.566.712 2,709,604 3.136.235 2.812,401 2,416,692 2.194.977 2,148,065 2,069,750
Baltimore A Ohio.
1907.4.030-4.006 m. 6.365.559 5,939,293 6.493,268 7.107.670 7.370.849 7,196.085 7.251,903 7.724.307 7,465,051 7,790,677 6,998.553 5,654,653
1908.4.006-4,434 m. 5.177.120 4,682.348 5.310.640 5,024.785 5,092,494 5,436,251 c6.149.557 c6.825.124 c6,668,412 c6,991,860 c6,306,422 C6.205.632
1909
4,434 m. C5.525.944 c5.118.204 C6.037.578 c6.048.186 c6,342.551 c6,755.904 c7,092,141 c7,652,169 c7,933,581 c7,660,821 c7,351,675 c6.836.787
1910
4,434 m c6.421.839 c6.166.606 c7,643.399 c7.211,382 c7,629,509 c8,088,755 c7,547,733 8,550.060 c8,417,833
Total.
4,050,472
3,359.244
3.769.595
97,330.121
89.161.173
100,071,886
27,351,922
25,068,457
27.892.100
W
83,357,868
69,870,644
80,172,467
Buff .Roch.&Pitts
673.258
467,183
501,786
655,925
582.817
466,589
470.760
655.633
668,613
614,513
546.031
757,936
742.476
432.259
554,241
512,523
863.858
464,166
644,357
810,572
882,458
524,334
722.423
838,817
785,372
653,572
796,585
758,904
4.205,527
4.498.560
4,761.860
6.104,426
4,268,206
4,129,044
4,966,208
5,992.052
6,132.910
5.424.931
6.518,763
7,796,337
6,391,561
5,497.736
6,384,038
6.937.135
7,985,230
5,392,570
6.420.640
8.378,114
6,817,712
5,555,835
6,550,153
8,807,817
7,008,274
6,292,881
7,140,030
8,869,214
1,092,464
877,107
914,557
979,835
1,049,920
921.768
929.761
1.018,174
1,147,185
961,842
1,010,380
1,176,890
924,299
736,527
791,265
897,840
955.735
719,041
780,809
827,490
785,929
811,801
749,605
861,575
954,364
931,262
872.938
1,008,018
965,871
812,293
867.745
983,826
1,887,745
1910
2,065,170
2,135,183
2,031,887
2.149.690
2.075.931
1,790,611
2,311,421
2,163,321
2,335.095 2,464,508 2.613.884
2,271,591 2,280,166 2,086,829
2.228,572 2,000.890 1.855.131
2,481.546 2,409,531 2,094,256
2,543,656
2.156,724
2,196,010
2,317,508
2,557,130
2,159,942
2,297,931
2,493,099
1907.1.827-1.831 m
1908 l,831tol,895m
1909.1,895-1,933 m
1910 1.933-2,224 m.
2.000,288
1.884,762
2,109,653
2.541.852
568 m
568 m
568 m
568 m.
Canadian Pacific—
1907.9,055-9.230 m
m
m
1909.9,426-9.916
1910.9.916-10,276m
Cent, of Georgia1907.1.893-1,913 m
1908.1,913-1,916 m
1,916 m
1,916
m.
Cent, of New Jer—
668 m
668 m
1909.668 to 667 m
667-673 m
Che sap. A Ohio—
Chicago A Alton—
1907. 970-1.004 m
1908.. 1,005-998 m
998 m
1910
998 m
Chic. Gt. West818 m
818 m
1909.. 818-1,509 m
1910.1.509-1.487
m
Chic. Ind.&Lou.—
1907
591-599 m.
1908. .J. 599-615 m.
615 m.
615 m
Ch. Mil. A St. P.-
1907.7,043-7,187
1908.7,187-7,511
m
m
7,511 m
7,511 m
Chic.& Nor.West-
1907.7,453-7,612
1908.7,613-7,632
1909.7,632-7,637
1910.7,637-7,629
981,819
883,537
916,386
1,013,971
1,012,497
1.054,180
1.060,120
1.172,492
502,636
399,932
441,159
542,857
4,776,378
4,135,355
4,308,998
4,253,668
4,331,720
3,937,988
3,931,519
5,292,816
4.393.853
4,656,739
*
»
430,897
336,422
359.955
421,966
961,177
852,895
965,953
939,564
515.623
566.123
701.834
7,010,177 6,423,452
6,385,957 6,391,672
7,426,985 8,323,178
9.255,331 09.115,000
7.071,047
7.381,970
9,744.597
6.953,967
7,303,303
9,075,964
6,418,576
6,955,874
8,214.758
75,638,544
71,210,333
85,527.174
1,046,750
1,014,608
1,064,952
1,057,000
1.245,025
1,133,205
1,251,257
1,130,379
1.008,065
1,117,427
1,012,537
1,079,373
1.116,631
12,310,467
10.006,893
11.467,327
2,399,719
2,200,734
2,228,715
2,513,023
2,187,712
2,459.702
2.418,375 2,212,694
2,238,919 2,135,883
2,450,186 2,799,926
28,086,930
25,455,032
25,873,207
2,430,680 2,390.152 2,667,359 2,541,328
1,923,424 2,095.132 2,292,904 2,308.999
2.417.593 2,410.007 2,642.595 2,732,275
2,515,560 /2.688,695 /2.949.328 f2,884,646
2,777,100
2,332,158
2,706,950
2,458,019
2,118,133
2,657,437
2.142,139
2,255,594
2.505.449
28.189.556
24,270,092
28.882.509
1.050.761
957,123
964,566
1,098,816
1,275,883
1,204,467
1,303,341
1,052.378
1,036,842
1,215,708
974,945
1,078,414
1,089,575
12,634,474
12,221,274
13,033,119
714,212
776,972
741,466
768,568
715,391
613,762
737,340 <11.042,330 <11,102,695 <1915,490
<1865,024
768,962 0981,126 <11,116,055 <11.064,993
<1951,437 al,099,701 ol,127,720
631,995
<<945,570
<<887,517
9,383.704
10,841,601
643,857
780,595
719.567
722,264
718,330
551,957
654.472
623.779
542.407
593.212
<1757,534
<<933,638
<<797,145 <<799,994 <1881,893
<*954.081 <fl, 145.452 <<1,095,331 <11,050,073 dl.000,407
411,022
317,370
355,778
424,666
T-
986,066
835,091
947,340
945.770
2,390,938
1,817,629
2.393,639
2.549,711
754,546
547,945
770,664
512,698
404.780
464,423
516,891
521,415
389,169
458.784
525,816
999,408
1,057,036
1,089,688
1,170,992
502.232
428,959
472.239
522,152
499,134
453,602
487.232
528.187
4,534,276
5,035,811
4,777,616
5.064,982
5.793.837
4,995,664 4,926,565 4.879.132
4.224.629 4,127,133 4.391.265
4,533,295 4,566,233 4,984,635
5,480,336 5.304.850 5,567.338
5,121,014
4,652,409
5,210,457
5,341,536
5,706,104
4.935.619
5.408.063
6,380,609
5,410,595
4.406,279
4.942.763
5,787,015
5,823,654
4.459.136
5,274.382
6,077,305
1,129,395 1,148,722
1,150,976 1,171,481
1,265,060 1.236,580
2,631,636 al,305,617
556,509
6,643,517
487,142
531.300
613.736
539,760
485,235
538,704
0563,377
532.715
495.263
537,235
417,260
433,785
509,224
5,221,252
5,339.460
5,559,001
5,532,991
6,105.872
6,287,926
5,890,935
6,346,803
6,553.305
5.004,691
5,129,361
5.956.752
4,567.747 60,283.900
4,933.892 58,101,785
4,345,148 61.302,253
4,809,519
5,671,537
6,576,811
5,964,448 6,439,654
5,215.185 5,770,644
5,896,270 6,604,756
6,404,222 6,662,990
6,525,120
6,537,827
7,237,348
7,040,662
6.920,251
7,499,670
5,574,138
5,654,874
6,586,682
4,592,690
5,234,346
5,340,466
69,338,589
62,415,755
69,810.533
5.998.307
345,147
412,019
462,197
5,771,426
5,043.681
5.618.220
974,563
894,542
923,157
1.133.086
1,147,276
1.042,033
1,146,191
1,366,660
1,133,144
934.771
1.073,751
1,225.920
1,055,205
900,938
1,011,254
1.168,593
1,148,448
932,275
1,143.738
1,284,337
1.130.462
998,487
1,123,975
1.268,955
1.190,037
1,098,580
1,220.018
1,435,815
1,280,271
1,283,901
1,423,223
1.355.563
1,403,449
1.494,236
1.225,545
1,202,968
1.427.237
1,022.382
1,150,351
1.102,151
13.694.109
12,799,172
14,177.752
336 m.
336 m.
336 m.
591,012
555,657
662,813
742,453
654,735
515,202
595,700
720.991
646.512
603,714
656,139
793.924
706.772
613,381
682.238
764,596
821,124
590,484
668,317
815,992
788,613
770,935
633.181
662,013
743,153
765,221
666,688
661,114
834,605
776,525
651,989
764,429
<*807,076
807,095
665.791
799,455
702,161
625,509
797,744
593,562
644,946
757,836
8,625.267
7.363,650
8,381.466
1,828,801
1.786,119
2,013,983
2.324,237
1,821,250
1,753.740
1,884.704
2,171,567
2.014,521
2.690.818
2.158,884
1.708.658
2,109,205
2.274.959
2.292,469
1.762.020
2,130,102
2.321,094
2.312.463
2,088,956
2.297.704
2.376,081
2.471.386
2.294.069
2.620,031
2.821.754
2,461,252
2,282,244
2,623,288
2,587,211
2,374,403
2.585.574
2.208,060
2,148.948
2.584.504
1,967,658 26.447.804
2.253,288 24.242.617
2.438,616 27.646.859
1.174.554
1.269.049
1.265.683
1.394.323
1.026,742
1.083,455
1.168.986
1.293.325
1,108.595
1.055.405
1.176,373
1.417.327
1.034,666
1,190,244
1.240,368
1.279,809
1.343.246
1,114.736 1,269.727
1.269,880 1,282,582
1.372,058 1,403,600
1.483.650 al,462,482
1,456,593
1.448.948
1.609.924
1.422.672
1,437,267
1.570.545
1.389.618
1.409.608
1,291,770
1.126.754
966,969
1,144,591
1.370.486
1.594,143
1.433.123
1.569,468
1.722.955
1.485.440
1.223,008
1.672.631
11,696,069
1,822,900
2,120.262
1.764.400
2,059,320
1,977,293
2,131,739
2.200,422 o2.235.900
2,098,196
1.977.560
2.269.460
1.858,378
1.836,889
2.117.056
1.760.527
1.717.789
1.815.330
22.288.589
5,083.317
4,800,964
4,896.259
5.180.085
4.294,239
4,283,941
4.976.993
3,771,283
3,993.199
4,575.497
48.226.102
52,819.801
1,738
336 m
CCCAStL.1,982 m.
1,982 m
1,982 m.
1910
.1,982 m.
Colo & Southern—
....
190711,838-1,841
190811.841-1.951
190911,951-1.980
191011.980-2,032
m
m
m
m
1908.2,501-2.516
1909.2,516-2.552
1910.2.552-2.598
m
Deny A Rio Or—
19071
2.501 m
m
m
1.340.473
1.681.881
1,883.242
2.186,121
1.310.319
1.676,302
1.955.958
989.142
1.096.856
6,134.472
597,111
673,669
798,921
2.323.844
1,956,946
2,172.925
2.398.593
1,160,268
1,075,157
1.139.266
1.349.885
1,940,936
1,635,151
1.432.772
1,723,952
1.906,882
1,470.890
1,726,852
1,922,198
2.002.786
2,027,337
1.684.824
1.990,516
2.049.726
4,671,405
3.639.733
3,992,489
4,866,662 4,913.951
3,851,252 4.337.233
4.289.265 4.420.868
4,506.138 4.668.890
4.937,838
4.163.647
4.279.549
4.675.254
1,880,767
■
1908.2.169-2.171
1909.2.171-2.230
m
m
m
m
at Nor System—
1907.6,289-6.652
1908.6,652-6,898
1909.6,898-7,099
1910.7,129-7,275
Hocking Val—
m
m
m
m
...346
346
m
346-350
350
m
m
m
Illinois Central—
1907.4,371-4,419
1908.4,419-4,593
1909.4,519-4.551
4.126.002 3.750.645 4.560.961
3.561.328 3,223.264 3.768.160
3.566,442 3.735.278 4,368.409
4.145.747 3.997.016 4,818.697
4.282.670
2.543,526
2.656.873 4.440.155 4,923.598 5.639.542 6,211,486
«3,071.135 *2,811,949 *3.218.370 *3.483.501 *3.642.214 *3.657.182
*2.727,995 *3.212.152 *3,996,095 *3.887,372 *4,273,553 *4.753.751
*4.062.844 *3.873.315 *4,667.644 *5.197.108 *5.708,014 *6.039.486
522,139
328,834
399,523
567,655
498.594
348.912
351.929
576,868
425.455
446,480
412,220
743.472
613,233
246,595
391,277
425.260
669,337
303,603
396.278
655,856
674.247
448.621
469.018
695.994
2,046.674
4.338.692
4.559,734
5.328.526
4,738,989
4,392,661
4.875,173
1.421,575
558
558
m
m
m
m.
m
m
558 m
558 m
Louisv & Nash—
1907.4,298-4,349
1908.4.349-4.386
1909.4,386-4,542
1910.4,592-4,590
m
m
m
m
Minn & St L—
799 m
1908 ..799-1.027 m
1909
1.027 m
1,027
m
1908.2,309-2,394
1909.2,394-2,494
1910
2.494
m
m
m
m
M St P A S S M—
14.475.329
14.527.830
15.636.157
22,136.826
19,464.016
54,516.256
*5,616,608 *5,720.682 *5,700.980 *6,684,333 *6.093.537 *4.586.223 59.817.542
*4,450.494 *4,460,472 *5.861.777 *6.223,608 *5.673.562 *4.125.555 50,681.065
*5.314.938 *5,557.913 6.547.668 7.072,574 5.962.187 3.704.799 58,101.799
*5.792.462 *5.875,568
634.939
530.521
558,271
660.192
685.736
615.314
673.148
755.458
675,800
648,110
732,774
658.935
661.505
754,861
625,212
560.601
690.909
438,091
442.118
550,233
4.659,059
4.428.661 5,076*630 4,741,286 4.862.105 4,882.894 <5.111.937 <5.280,578 <5.405,906 < 5.725.342
<4,619,840 14.389.470 < 4,667.455 <3,995,718 < 4,050,015 <4,360,933 < 4.253.257 <4.662.619 <4,830.208 < 5,211,394 <5,313.028 <5,076.506
<5.211,186
<4,831,070 <4,547.457 < 4,948.472 < 4,391,602 <4.665,394 <4.518.688 54.330.861 64.870,027 64,791,579 <5.583,237 <5.074.164
< 5.438.394 <5.309.868
4,551
<5.293,052 <4.914.916 <5,888.352 <5.114.834 <5,064.166 <5,095,095 54.711.570 65.224,547 05.140.738
Inter’l & at Nor1907
1,159 m
832,711
695,261
678.890
622,380
673.422
680.308
571.622
645.612
589.334
687,000
606,217
671,424
1,159 m
596.391
503.390
524,990
496.062
555,485
474.736
502.511
580.458
725,633
915.081
834,642
794.427
1909 ...^..1,159 m
655,331
622.826
566,682
630.284
653,759
616,303
572.030
618.952
833.799
862.514
875.668
767,441
1,159 m
699.467
637.198
731,189
652,872
672.308
643,427
692.379
714.955
O935.000
Iowa Central—
1910
8,866,671
6,701,344
8.144.305
1.134,189
956,872
1,088,819
1,125,586
1,729
ClnNO&texP—
Erie
■*'
2,387,680
2,250,793 2.209,621
1.946.931 1.718.852
2,249,643 2,183,233
2,886,698 12,700,954
800.898
4.973.025
1909.1,729-1,738
1907
710,297
606,642
<2816,921
<2879.372
1,931,139
1,575,574
1.874,035
657,941
721,198
m.
m.
m.
m.
m
m
m
Ch.St.P.M.A O
......
987,906
1,762,353
2,087.904
771,063
626,939
819,519
0899,947
616,523
815,208
888,775
4,834,236
4,078.222
4,691,857
5,315,728
m
1907.1.712-1.729
1910
1.061 423
939,232
978,803
1.800.737
*
768,646
7.121.716
5.581.214
6,380.442
60,563,931
55.326,259
58.226.649
7.954.182
7,503.807
8.275.589
272,747
257.611
235,457
253,347
248.531
218.129
223,837
250.906
328.926
4.077.101
3.299,869
4.421.361
3,696,996
3.253.872
3,518,846
4.115,839
4.317.156
3,548.766
3,907,398
4,790,530
3,619,651
4.394.263
312,254
280,932
299,242
322,653
254,013
252,547
258,632
321,093
332,562
306,980
374,439
414,427
317,538
270,063
302,348
402,418
352.128
288,267
352,093
430,525
362.814
313,014
366,760
413,569
346.009
340,783
375,729
433.300
373.922
446,697
518,096
0544,138
421,140
445.036
566.024
351.208
363,531
492,127
313,717
306,571
388,322
368,927
347,215
4,063.406
3.935,693
4,559,276
706,290
761,540
762,641
1.213.323
702,339
680.365
776,653
843,090
1,000.855
824,118
1.022.016
1,132,994
1,236,428
812,446
949,499
1,091,151
1.285.839
736,756
987,064
1,196,049
1,159,790
920.753
1.072.626
1,338.367
1,094,890
950,109
1,144,522
1,228,655
1,021,935
961,360
1.204.104
1,183,409
1.049,134
1,498,465
1,669,434
1,420.546
1,518,210
1,915.981
1,106,256
1,180,184
1,613.666
1,081,117
980,472
1,044.496
12.865.419
11,774,778
14.162.703
3.754,769
256,353
259.060
304.445
247,306
225,405
245.694
264,867
3,998.602
3,271.226
255,910
201,589
227,301
253,323
234.536
221,595
243,816
266,435
245.611
231.712
252.739
242.890
4,050,858 3,906,112 4.126,037
3,259,673 3,425,651 3,680,352
3.647,894 3,527,707 3,865,980
4,528,322 4,233,808 4.201.600
326,101
258,916
259.893
265.675
270.859
302.174
300,586
282.802
316.938
0311,951
4.426,453 4.189.277
3.649,746 3.954,648
4.061,442 4.383.299
4,567,267 04.531,455
308,091
258.583
327.563
4.548.532
4.323.488
253,047
233,686
308.350
251.856
262,635
267,027
3.134.467
2.918.483
3.224.026
3.912,611 3,358,314
3,863,382 8,978.009
48.608.050
43.508,681
47.846.316
4.679.790] 4.540.696 4.483.844
o Approximate figure*.
6 No longer Includes receipts for hire of equipment, rentals and other Items, which are dealt with
separately, c Includes the Cleveland
Lorain A Wheeling, d Includes the Mason City A Ft. Dodge and the Wise. Minn. A Pacific, e Figures are
given In Mexican currency. /Includes Ches. A Ohio Ry
of Indiana beginning with July 1910. g Includes the earnings of the Denver Enid A Gulf, the Pecos
System and the Santa Fe Prescott A Phoenix, * Embraces
Colorado A Southern, Ft. Worth A Denver City and Colorado Springs A Cripple Creek District, and other affiliated
roads except Trinity A Brazos Valley.
* Actuaj
figures are now used. < Includes some large Items of Income not previously Included In monthly returns.
INDEX.
170
INDEX TO
[VOL. LXXXXI.
COMPANIES—CONSOLIDATED, &c.
Companies not given in the tables in their alphabetical order may be found by reference to the index below.
Will Be Found under—
Name.
Adirondack
Alabama Central
Alabama Midland
Delaware A Hudson.
...Southern Railway Co.
Atlantic Coast Line RR.
Pennsylvania RR.
...United States Steel Corporation.
American Dock A Improvement....Central of New Jersey.
American Sheet Steel
...United States Steel Corporation.
American Spirits Manufacturing
Distilling Co. of America.
American Steel Casting
American Steel Foundries.
American Steel Hoop
...United States Steel Corporation.
American Steel A Wire
...United States Steel Corporation.
United States Steel Corporation.
American Tin Plate
St. Louis Iron Mount. A South’n.
Arkansas Midland
Aroostook County
...Bangor A Aroostook.
Allegheny Valley
American Bridge
_
-
Canadian Pacific.
Aroostook Northern Electric
Atlanta Knoxville A Northern
Louisville A Nashville.
Atlantic A Birmingham
.......Atlanta Birmingham A Atlantic.
Atlantic A Northwest
Canadian Pacific.
...Houston A Texas Central.
Austin A Northwestern
Ayer Mills
American Woolen.
Baltimore Electric
......Consol. Gas El. L. A P. of Balt.
...
Delaware Lackawanna A Western.
Lake Shore A Michigan Southern.
Michigan Central.
Pennsylvania Coal A Coke.
Cambria A Clearfield.
Rutland RR.
Niles-Bement-Pond.
Bangor A Portland
Battle Creek A Sturgis
...
Bay City A Battle Creek
Beech Creek Coal A Coke
Bell's Gap
-
Bennington A Rutland
Bertram (John) A Sons
Big Sandy
Binghamton Gas Works
Chesapeake A Ohio.
Boyer Valley
Chicago A North Western.
American Light A Traction.
Birmingham Belt
...St. Louis A San Francisco.
Blake A Knowles Steam Pump ....International Steam Pump
Boonville Bridge
Missouri Kansas A Texas.
Boston A New York Air Line
New York New Haven A Hartford.
Brockville Westport A Northwest ..Canadian Northern Ontario.
Brooklyn A Montauk
Long Island.
Brunswick A Western
Buffalo A Southwestern
Atlantic Coast Line RR.
Erie RR.
Bullfrog-Goldfield
Tonopah A Tidewater.
Caldwell A Northern
California Northwestern
California Pacific
Calumet Gas
Camden A Atlantic
Carolina A Northwestern.
Northwestern Pacific.
Southern Pacific RR.
Bullock Electric Manufacturing
Allis Chalmers Co.
Burlington Cedar Rap. A Northem.Chicago Rock Island A Pacific.
Burlington A Missouri River
Chicago Burlington A Quincy.
...
Canada Central
Carnegie Co
Carolina Central
People’s Gas Light A Coke.
.......West Jersey A Sea Shore.
Canadian Pacific.
.............
United States Steel Corporation.
Seaboard Air Line.
Cedar Falls A Minnesota
Dubuque A Sioux City.
Cedar Rapids Iowa Falls A N W...Chicago Rock Island A Pacific
Cedar Rapids A Missouri River ...Chicago A North Western.
St. Louis Southwestern. •
Central Arkansas A Eastern
Central Branch Union Pacific
Missouri Pacific.
Counties
Canada
Central
Atlantic.
Central of Ga. RR. A Banking
Central of Ga. Ry.
Central Iron A Coal
...Central Foundry.
Central Ohio
Baltimore A Ohio.
/
Central Ontario
...Canadian Northern Ontario.
Central Texas A Northwestern
Houston A Texas Central.
Central Union Gas
New Amsterdam Gas.
Central Vermont Transportation...Central Vermont.
Charleston A Savannah
Atlantic Coast Line RR.
Charlottesville A Rapidan
Southern Railway.
Chartiers
....Pittsburgh Cin. Chi. A St. Louis.
Chateaugav Ore A Iron
Delaware A Hudson.
Chatham A Lebanon Valley
Rutland RR.
Chattanooga Rome A Southern ...Central of Georgia.
Chicago Subway.
Chicago Dock
Chicago Gas Light A Coke
People’s Gas L. A C. (Miseel. Co’s).
Chicago A Great Western
Balt. A Ohio Chicago Terminal RR;
Chicago Hammond A Western ....Indiana Harbor Belt
Chicago A Indiana Coal
Chicago A Eastern Illinois.
Chicago Ind. A St. Louis Short Line.Cleveland Cin. Chic. A St. Louis.
Chicago A North Michigan
Pere Marquette.
Chicago A Pacific
Chicago Milwaukee A St. Paul.
Chicago Santa Fe A California
See Atchison System, Apr.,’96, Sup.
Chicago A St. Louis
Atchison Topeka A Santa Fe.
Chicago St. Louis A New Orleans ..Illinois Central.
Chicago St. Louis A Pittsburg
Pittsb’rg Cincinnati Chicago A St. L
Chicago St. Paul A Minneapolis
Chicago St. Paul Minn. A Omaha.
Chicago Southern
Southern Indiana.
Chicago Wisconsin A Minnesota ...Wisconsin Central.
Choctaw A Memphis
...Chicago Rock Island A Pacific
Choctaw Oklahoma A Gulf
..Chicago Rock Island A Pacific.
Cincinnati Ind. St. Louis A Chicago Cleveland Cin. Chic. A St. Louis.
Cincinnati Indianapolis AJWestern.Cincinnati Hamilton A Dayton.
Cincinnati Sandusky A Cleveland ..Cleveland Cin. Chic. A St. Louis
Cincinnati Southern
Cincinnati New Orleans A Tex. Pac
Cincinnati Wabash A Michigan
Cleveland Cin. Chic. A St. Louis.
Clairton Steel
United States Steel Corporation.
Clearfield Bituminous Coal
Beech Creek.
Clearfield A Jefferson
Cambria A Clearfield.
Cleveland Columbus Cin. A Ind. ...Cleveland Cin. Chic. A St. Louis
Cleveland Terminal A Valley
Baltimore A Ohio.
Coal A Iron Ry.
Western Maryland.
Coal River A Western
Chesapeake A Ohio
Colorado Bridge
International A Great Northern.
Colorado Industrial Co.
Colorado Fuel A Iron.
Coldrado Southern N. Orleans A Pac.St. Louis A San Francisco.
Columbia A Greenville
Southern Railway
Columbia A St. Louis
Wabash.
Columbus Connecting A Terminal ..Norfolk A Western.
Columbus A Hocking Valley
Hocking Valley.
Columbus A Indianapolis Central ..Pittsb. Cincinnati Chic. A St. Louis
Columbus A Toledo
.Hocking Valley.
Commercial Union Telegraph
Commercial Cable.
Connecticut Ry. A Lighting.*
New York New Haven A Hartford.
Consolidated Gas Co. of Bait
Consol. Gas, Elec. Light A Power.
Consolidated Ice
American Ice.
Consolidated Indiana Coal
Chicago Rock Island A Pacific.
Consolidated Real Estate
Lehigh Valley.
Consumers’ Gas
People’s Gas LAC. (Miscel. Co’s)
Continental Coal
Hocking Valley.
Continental Tobacco
American Tobacco.
Current River
..Kansas City Fort Scott A Memphis
Dakota A Great Southern
Chicago Milwaukee A St. Paul.
Dallas A Waco
Missouri Kansas A Texas.
—
.
...—
g«Aury
A Norwalk
Danville A Grape
Creek
Delano Land
Denver Consolidated Gas
{
New York New Haven A Hartofrd.
Chicago A East. Illinois.
Lehigh Valley.
Denver Gas A Electric.
Des Moines Iowa Falls A Northern.8t.
Paul A Des Moines.
Detroit Grand Rapids A Western ..Pere Marquette.
Name.
Will Be Found Under—
Detroit A Lima Northern
Detroit Southern.
Detroit Mackinac A Marquette
See Miscellaneous Companies.
Detroit River Tunnel...
.......Michigan Central.
Detroit Southern
DetroitToledo A Ironton.
Duluth Short Line
Northern Pacific.
Durham A Northern
Seaboard Air Line.
_
East River Gas
New Amsterdam Gas.
East Term. Va. A Ga.
Southern Railway.
Eastern Equipment
Pere Marquette.
Eastern Michigan Edison
Detroit Edison.
Eastern of Minnesota
Great Northern.
Eastern RR. of Cuba
Cuba Eastern.
Easton A Amboy—Easton A North.Lehigh Valley.
Edison Elec. Ill. of Brooklyn
Kings Co. Elec. Light A Power.
Edison Electric Light A Power
SanFrancisco Gas A Electric.
Edison Elec. Ill. of N. Y.
Consolidated Gas Co. of New York.
Electric Axle Light A Power
Consol. Ry. Elec. Light'g A Equip.
Elizabeth River.
Norfolk A Portsmouth Belt Line.
Ejlwood
Short Line
..Baltimore A Ohio.
El Paso A Northeastern RR.....
El Paso A Northeastern Co.
....
.....
Equitable Gas Light A Fuel
Equitable Gas Light Co. (N. Y.)
Erie A Jersey
IS®
Erie
l
A
People’s Gas L. A C. (Miscel. Co’s).
New Amsterdam Gas.
Erie RR.
Kalamazoo
Western
Lake Shore A Michigan Southern.
Transportation Co..Pennsylvania RR.
Eureka Springs
St. Louis A North Arkansas.
European A North American
Maine Central.
Evansville Henderson A Nashville..Louisville A Nashville.
Evansville Terre Haute A Chicago..Chicago A Eastern Illinois.
------
A Southern
Chicago Milwaukee A St. Paul.
Federal Steel
United States Steel Corporation.
Flint A Pere Marquette ..........Pere Marquette.
Florida Central A Peninsular
Seaboard Air Line Ry.
S°d<5a
Florida Sonera
West Shore
Atlantic Coast Line RR.
Seaboard Air Line.
Fort Smith A Van Buren Bridge
St. Louis A San Francisco.
Fort ^orth * New Orleans
Houston A Texas Central.
Fort Worth A Rio Grande
St. Louis A San Francisco.
Fremont Elkhora A Missouri Valley .Chicago A North Western.
Oalveston Houst. A Nor
General Rubber
Galveston Har. A San Antonio.
United States Rubber.
Georgia A Alabama
.....Seaboard Air Line Ry.
Georgia Carolina A Northern
Seaboard Air Line Ry.
Georgia Pacific
Southern Railway.
Gila Valley Globe A Northern
Arizona Eastern.
Gold A Stock Telegraph Co.-Western Union Telegraph Co.
Grand Rapids Belding A Saginaw..Pere Marquette.
Grand Rapids Gas Light
American Light A Traction.
Grand River
Gray
Valley
Point Terminal
Michigan Central.
St. Louis Southwestern.
Great Northern Ry. of Canada —.Canadian Northern Quebec.
Green Bay Winona A St. Paul
Green Bay A Western.
Gulf Be&mont A Kansas City...... See Atchison Topeka A Santa Pig?
Gulf A Chicago
Mobile Jackson A KAnipm City.
s
Hancock A Calumet
Hannibal A St. Joseph
Harlem River A Portchester
Haselton Steel Tube Co
Hastings A Dakota
Henderson Bridge
Hereford
Hoboken Ferry
Holly Manufacturing Co.
Hoosler Equipment
Housatonic
Hudson Coal
Huntington A Big Sandy
Hutchinson A Southern
Illinois Tunnel
Mineral Range.
Chicago Burlington A Quincy.
New York New Haven A Hartford.
Republic Iron A Steel Co.
Chicago Milwaukee A St. Paul.
Louisville A Nashville.
Maine Central.
...N. Y. A Hobok. Ferry (Miscel. Co’s).
.International Steam Pump Co.
Cincinnati Richmond A Munde.
New York New Haven A Hartford.
Delaware A Hudson Co.
Ohio River.
....Atchison Topeka A Santa Fe.
Chicago
Subway.
Imperial Rolling Stock
Canadian Northern.
Indiana Bloomington A Western ..Peoria A Eastern.
Indiana Illinois A Iowa
Chicago Indiana A Southern.
Indianapolis Cin. A Lafayette
Cleveland Cin. Chic. A St. Louis.
Indianapolis Decatur A Western ...Cincinnati Hamilton A Dayton.
Indianapolis A Louisville
Chicago Indianapo. A Louisville.
Indianapolis A St. Louis
..Cleveland Cin. Chic. A St. Louis.
International Navigation...
..International Mercantile Marine*
Iowa Falls A Sioux City
Dubuque A Sioux City.
Iowa Minnesota A Northwestern...Chicago A North Western.
Jackson Lansing A Saginaw
Michigan Central.
Johnson Co of Pennsylvania
United States Steel Corporation.
Joliet A Chicago
Chicago A Alton.
Junction
*
Pennsylvania.
Junction A Breakwater
Delaware Maryland A Virginia.
Kalamazoo Allegan A Gr. Rapids
Lake Shore A Michigan Southern.
Kalamazoo A White Pigeon
Lake Shore A Michigan Southern. *
Kanawha A Hocking Coal A Coke ..Hocking Valley.
Kankakee A Southwestern
Illinois Central.
Kansas City Fort Scott A Gulf ....Kansas City Fort Scott A Memphis
Kansas City A Memphis Ry. Bridge.Kansas City Fort Scott A Memphis.
Kansas City A Pacific
Missouri Kansas A Texas.
Kansas City Pitts. A Gulf
Kansas City A Southern.
Kansas City St. Louis A Chicago ..Chicago A Alton.
Kansas City A Missouri
Kansas City Ft. Scott A Memphis.
Kansas A Colorado Pacific
Missouri Pacific.
Kansas Pacific
..Union Pacific.
Kentucky Central
Louisville A Nashville.
Knox A Lincoln
Maine Central
Lake Erie A Detroit River
Pere Marquette.
Lake Superior Consol. Iron Mines..United States Steel Corporation.
Lamson Consol. Store Service
American Pneumatic Service.
Leamington A St. Clair
Lehigh A Delaware
Lehigh A New York
Lehigh A Susquehanna
Lehigh A Wilkesbarre Coal
Leroy A Caney Valley
Lexington A Frankfort
Leyland Line
Lincoln Park A Charlotte
Canada Southern.
Lehigh A New England.
...Lehigh Valley.
Lehigh Coal A Navigation (Miscel.
Central RR. of New Jersey.
Missouri Pacific.
Louisville A Nash vie (L. C. A Lex.
International Mercantile Marine.
Buffalo Rochester A Pittsburg.
Lindsay Bobcaygeon A Pontypool. .Canadian Pacific.
little Rock Bridge
.Chicago Rock Island A Pacific.
Little Rock A Hot Springs Western .St. Louis Iron Mountain A South’n
LlttleRock Jet.—LlttleR.AFt.SmithMissouri Pacific.
Loco mo. A Mach. Co. of Montreal..See American Locomotive Co.
Long Dock Company
Long Island City A Flushing
Erie RR.
Long Island
Louisiana A Missouri River..
.Chicago A Alton
Louisville Cincinnati A Lexington..Louisville A Nasnvtlle
Louisville
Louisville
Louisville
Louisville
A Frankfort
Louisville A Nashv.—L. C. A L.
A Nashville Terminal
Louisville A Nashville.
New Albany A Chicago..Chicago Indianapolis A Louisville.
New Orleans A Texas
Illinois Central (Yazoo A M. V.)
Madison Gas A Electric
American
Light A Traction.
JtJLi, 1910.]
INDEX
Will Be Found Under—
KName.
Lake Shore * Michigan So. System.
Mahoning Coal
Manitoba A Southeastern--—
Canadian Northern.
Manitoba Southwest*n Colonization. Canadian Pacific.
Manitowoc Gr'n Bay A Northwest'n.Chicago A North Western.
Mankato A New Ulm
Chicago A North Western.
Maricopa A Phoenix A Salt Riv. Val.
..Atlanta Knoxville A Northern.
Mannora Ry. A Mining
Canadian Northern Ontario.
Marquette A Bessemer Dock A Nav.Pere Marquette.
Marquette Houghton A Ontonagon. Duluth South Shore A Atlantic.
Maryland A Pennsyl. Terminal
Maryland A Pennsylvania.
Massawippi
.....Connecticut A P assume sic.
McKeesport A Belle Vernon
Pittsb.McKeesport A Youghiogheny
Memphis A Charleston
Southern Railway.
Memphis Paris A Gulf
Memphis Dallas A Gulf.
Merchants' Bridge
St. Louis Merch'ts’ Bridge Ter RR.
Mexican Central
..National Railways of Mexico.
Maricopa A Phoenix
Marietta A North Georgia
.
Maricm Eastern
Mexican International
mriiigmn Lake Superior
Midland of New Jersey
Interoceanlc of Mexico.
.National Railways of Mexico.
-
Lake Superior Corporation.
New York Susquehanna A Western.
Midland Terminal
Cripple Creek Central.
Mitten A Southwestern
Georgia A Florida
Milwaukee A Lake Winnebago
Wisconsin Central.
Milwaukee Lake Shore A Western. .Chicago A North Western.
Milwaukee A Northern
.Chicago Milwaukee A St. Paul
Milwaukee A State Line
Chicaga A North Western.
Minneapolis A Pacific
Minneap. St. P. A Sault Ste" Marie.
Mlnneap. Sault Ste. Marie A AtPtic. Minneap. St. P. A Sault Ste Marie
Minneapolis Terminal
Chicago Great Western.
Minneapolis Union* Minn. Westem.Great Northern.
Minnesota Dakota A Pacific
Minneapolis A St. Louis.
....Chicago A North Western.
Chicago A North Western.
Minnesota A Iowa
Minnesota A South Dakota
Chicago A Alton.
Mississippi River Bridge
Missouri Kansas A]Texas.
Missouri Kansas A Texas.
St. Louis A San Frandsco
Missouri Kansas A Eastern
Missouri Kansas A Oklahoma
Missouri A Western
Mobile A Bay Shore
Mobile A Ohio.
Monongahela River RR
**Monon Route"
Montana Central
.....
Montreal Warehousing..
Baltimore A Ohio.
Chicago Indianapolis A Louisville.
Great Northern.
Grand Trunk.
Montauk Extension RR
Long Island.
Morris Canal
.Lehigh Valley. :
Mount Morris Electric Light
.Consolidated Gas of New York.
Mt. Vernon Woodberry Cot. Duck..Consolidated Cotton Duck
Mutual Fuel Gas
.......People's Gas Light A Coke.
Mutual Union Telegraph Co
Western Union Telegraph Co.
....
Nariiville Florence A Sheffield......Louisville A Nashville.
National Railroad of Mexico
National Railways of Mexico.
National Starch.
.........Corn Products
National Steel
........United States Steel Corporation
Nebraska
..Chicago Burlington A Quincy
New Amsterdam Gas .............Consolidated Gas of New York
New Brunswick
.Canadian Pacific.
New Brunswick Southern
..Canadian Pacific.
New England..
.....New York New Haven A Hartford
Newburg A New York ...........Erie RR.
New England Security A Investm’t.New York New Haven A Hartford
New Haven A Derby
......New York New Haven A Hartford.
New Mexico Ry. A Coal
El Paso A Northeastern Co.
New (Means Mobile A Texas
Louis. A Nash. (N. O. A Mobile Div)
Newport A Cincinnati Bridge
Louisville A Nashville.
N«w York Bay Extension
Long Island.
New York Elevated
Manhattan Elevated.
New York A Erie
Erie RR.
....
....
...
New York Fire Protection
American Dist. Tel. Co. of N. J.
N. Y. Gas Elec. Lt. Heat A Power..Consolidated Gas of New York.
New York Glucose
Corn Products.
New York A Jersey
Hudson A Manhattan.
New York Lake Erie A Western
Erie RR.
New York Mutual Gas
Consolidated Gas of New York.
New York A N. Eng. Bost. Term..New York New Haven A Hartford.
New York A Northern
New York A Putnam
New York Providence A Boston
New York New Haven A Hartford.
New York A Rockaway
Long Island.
New York Texas A Mexican
Galveston Har. A San Antonio.
New York A Wilkesbarre Coal
..New York Susquehanna A Western.
Niles Tool Works Co
Niles-Bement-Pond Co
Galley
Chicago Burlington A Quincy.
Norfolk A Carolina
..Atlantic Coast Line RR.
Norfolk Terminal A Transportat’n. .Chesapeake A Ohio.
North Shore, California
Northwestern Pacific.
.....
Northampton
....Lehigh A New England.
Northeastern Cuba
Cuba Eastern.
NOTtheastern RR. of So. Carolina...Atlantic Coast Line RR.
...
North Pacific Coast
Northwestern Pacific.
...Chic. St. Paul Minn. A Omaha.
Southern Pacific RR.
Bangor A Aroostook.
Northwestern Pacific.
United Fruit (Miscel. Companies).
Western Union Telegraph Co.
{forth Wisconsin
Northern California
Northern Maine Seaport
Northern Pacific Coast
Northern Ry. of Costa Rica
Northwestern Telegraph Co
Northwestern Union
Ocean Steamship
—
Chicago A North Western.
Central of Georgia Ry.
Ogdensburg A Lake Champlain
Ogjtenaburg Terminal
ghi°
Western
Ohio A Little A
Kanawha
Detroit Toledo A Iron ton.
;v-r?
Omaha A Grant
Smelting
Ontario A Quebec—
A Rome.
Oxark A Cherokee Central
American Smelting A Refining.
Canadian Pacific.
Rome Watertown A Ogdensburg.
—St Louis A San Francisco
Canada Atlantic.
Pennsylvania Steel.
_
Pembroke Southern
.......
Pennsylvania A N. Y. Canal
Pennsylvania A Northwestern
Mary Coal
Penobscot Shore Line
Pensacola
_A Atlantic
A Chestnut
& Western.
Pennsylvania Steel
Chicago A North Western.
~
Pgojmlx A Eastern
.
Qumberiand
Lehigh Valley.
Cambria A Clearfield.
Maine Central.
Louisville A Nashville.
Pjoria A Northwestern
Philadelphia A Reading.
Rutland RR.
Rutland RR.
Peoria A Eastern.
Baltimore A Ohio.
Baltimore A Ohio.
-
Uoal
People's Gas Light A Coke.
Atlantic Coast Line RR.
Pennsylvania.
Hill..Connecting Ry.
Reading Company.
Atchison Topeka A Santa Fe
Western Maryland.
8t. Louis Iron Mount. A Southern.
A Ohio.
9leveJ1and * Toledo......Baltimore
Baltimore A
Pittsburg Newcastle
A Lake
Ohio.
Erie...Baltimore A Ohio.
—Pittsburg Bessemer A LakeErfe.
Virginia * Charleston...Pennsylvania.
—
5®*“*
VaU*5 Coal
Pontiac .Oxford
A
Baltimore A Ohio.
Denver A Rio Grande.
Northern........Grand Trunk.
rertland A Ogdensburg
Maine Central.
171
Will Be Found Under—
Name.
Portsmouth Great Falls A Con way.. Boston A Maine.
Postal Telegraph Cable
Mackay Companies
Potomac Valley
Western Maryland.
Potter Ore
Republic Iron A Steel.
Pratt A Whitney
Niles-Bement-Pond Co.
Prescott A Eastern
Santa Fe Prescott A Phoenix.
Princeton A Northwestern
Chicago A North Western.
Providence A Springfield
New York New Haven A Hartford.
Providence Securities
—New York New Haven A Hartford.
Providence Terminal
New York New Haven A Hartford.
Qu'Appelle L'g La’e A Sask
Canadian Northern
Raleigh A Augusta-Ral. A Gaston.Seaboard Air Line.
N
Raleigh A Southwestern
..Chesapeake A Ohio.
Ravenswood Spencer A Glenville
Ohio River.
Republican Valley
Chicago Burlington A Quincy.
Richmond A Danville
.......Southern Railway.
Richmond A Petersburg
..Atlantic Coast Line RR.
Rio Grande Western...
Denver A Rio Grande.
'
....
...
River Front
Pennsylvania.
Rochester A Pittsburg
.....Buffalo Rochester A Pittsburg.
Rock Island Ark. A Louisiana
Chicago Rock Island A Pacific.
Roland Park Electric A Water Co..Consol. Gas El. L. Heat A Power Co.
...
Roxbury Central Wharf
New York New Haven A Hartford
Rutlana-Canadian
.....Rutland
.
Pere Marquette.
Saginaw Tuscola A Huron
St. Charles Bridge
Wabash.
St. Clair Madison A St. Louis Belt..Missouri A Illinois Bridge A Belt
St. diair Steel
United States Steel Corporation.
St. Clair Terminal RR
United States Steel Corporation.
St. Joseph Gas
...
American Light A Traction.
St. Lawrence A Ottawa..
...Canadian Pacific.
St. Louis Bridge
Terminal Association of St. Louis.
8t. Louis Iron Mount'n A Southern. Missouri Pacific 8ystem
St. Louis Southern
Illinois Central System.
St. Louis Watkins A Gulf
St. Lous Iron Mt A Southern.
St. Louis Wichita A Western
..St. Louis A San Francisco.
“St. Paul"
...Chicago Milwaukee A St. Paul.
St. Paul A Duluth
...Northern Pacific.
St. Paul Gaslight
.American Light A Traction.
St. Paul Minneapolis A Manitoba..-Great Northern.
St. Paul A Sioux City bonds
Chic. St. Paul Minn. A Omaha.
San Francisco A Northwestern
Northwestern Pacific.
San Frandsco A San Joaquin Val...Atchison Topeka A Santa Fe.
Santa Fe Prescott A Phoenix
Atchison Topeka A Santa Fe
Saranac A Lake Placid
Chateaugay A Lake Placid.
8ault Ste. Marie A Southwestern...Chic. St. Paul Minneap. A Omaha.
Savannah Florida A Western......Atlantic Coast Line RR.
......
...
......
Schenectady A Duanesburg
Delaware A Hudson.
United States Steel Corporation.
Schoen Steel Wheel
8chuylldll River East Side
.....Baltimore A Ohio.
Scioto Valley A New England..
Norfolk A Western.
Seaboard A Roanoke
Seaboard Air Line.
Sea Coast
Atlantic City.
Sherman Shreveport A Southern...Missouri Kansas A Texas.
Shreveport Bridge A Terminal
Silver Springs Ocala A Gulf
Sioux City A Pacific
Sodus Bay A Southern
South Carolina A Georgia
South Platte Canal A Reservoir
South A Western
Southeastern A St. Louis
Southern Iowa
Southern Minnesota
Southern Pacific Branch
Southwest Pennsylvania
St. Louis Southwestern.
..Atlantic Coast Line RR.
Chicago A North Western.
Elmira A Lake Ontario.
Southern Ry., Carolina Divirion.
Denver Union Water.
Carolina Clinchfield A Ohio.
Louisville A Nashville.
Chicago A North Western.
Chicago Milwaukee A St. Paul.
.....
Southern Pacific of California.
Pennsylvania.
Spartanburg Union A Columbia....Southern Ry., Carolina Division.
Spokane Falls A Northern
Springfield Railway
Standard Gas..
Sturgis Goshen A St. Louis
Great Northern.
New York New Haven A Hartford
Consolidated Gas.
Lake Shore A Michigan Southern.
....Norfolk A Southern
Suffolk A Carolina
Sugar Trust
...American Sugar Refining.
Southern Ry., Carolina Division
Sumter A Wateree
Sunbury Hazleton A Wilkes-Barre.Pennsylvania.
Sunbury A Lewiston
Pennsylvania.
Taylor’s Falls A Lake Superior.....Northern Pacific.
Tarkio Valley
Chicago Burlington A Quincy
Terre Haute A Indianapolis..
Vandalia RR.
Terre Haute A Southeastern
Evansville A Indianapolis..
Texas Mexican
Texas A Oklahoma
National RR. of Mexico.
Missouri Kansas A Texas.
Toledo Angola A Western
...Toledo Ry. A Terminal.
Toledo Canada Southern A Detroit_ .Michigan Central.
Toledo Ry. A Terminal. '
Toledo Riverside
Toronto Grey A Bruce
Canadian Pacific.
Troy A Boston.
i. .Fitchburg.
Terminal Ass'n of St. Louis.
Tunnel Railroad of St. Louis
United Elec. Light A Power, Balt...Consol. Gas Elec. Lt. A Power.
United Elec. Lt. A Power of N. Y...Consolidated Gas.
Union 8tock Yard A Transit Co
Ch. J. Rys. A U. Stk. Y.(Misc.Cos.)
.
United States Cordage .......
United States Leather
United States Sugar Refinery
Upper Coos
Standard Rope A Twine
Central Leather.
(Misc.Co's)
National Starch.
Maine Central.
Denver A Rio Grande.
Denver A Rio Grande.
Utah Central
Uath Fuel
Utah A Northern
Utica A Black River
Oregon Short Line.
Rome Watertown A Ogdensburg.
Verdigris Val. Independ'ce A West .Missouri Pacific.
Vicksburg A Meridian
Alabama A Vicksburg.
Virginia Air Line
.........—Ches. A Ohio.
Virginia A Southwestern..
..Southern Ry
Virginian Terminal
Virginian.
Waco A Northwestern
Houston A Texas Central Railway*
Walker Co
West’ghouse El. A Man.(Misc.Co's).
Warwick Valley
Lehigh A Hudson River.
Washington A Columbia River
Northern Pacific.
Washington Ohio A Western
.Southern Ry.
Webster Coal A Coke
Pennsylvania Coal A Coke.
Wellington Grey A Bruce
Grand Trunk.
West River
New London Northern.
West Side Belt
Pittsburgh Terminal RR. & Coal.
West Va. Cent. A Pittsburgh
Western Maryland.
Western North Carolina
Southern Railway. Western Pennsylvania
Pennsylvania.
West Jersey
West Jersey A Seashore.
West Virginia A Pittsburg
Baltimore A Ohio.
Wilkes-Barre A Eastern
N. Y. Susquehanna A Western
Willmar A Sioux Falls
Great Northern.
Wilm. A Weldon—WIlm.A NewbemAtlantic Coast Line RR.
—
Wilmington Trust Building
Winnipeg Terminal
du Pont (E. I.) de Nemours Powder.
Canadian Northern.
Winona A St. Peter
..Chicago A North Western.
Winston-Salem Southbound
.Norfolk A Western.
Wood Worsted Mill Corporation.;..American Woolen.
Worthington, Henry R. Co
International Steam Pump
.....
-
Wyoming Valley Coal Co
Lehigh Valley RR.
Maryland A Pennsylvania.
...Sierra Ry. of California.
York A Peach Bottom
Yosemite Short Line
Zanesville A Western.............Toledo A Ohio Central.
Co
172
fcVERSZ « COMBVNY
BANKERS
Negotiate and Issue Loans for Rail¬
roads and Established Corporations.
Buy and sell Bonds suitable for
Investment.
206 LA SALLE ST.
RAILROAD,
AND
STREET
ELECTRIC
BONDS
CHICAGO
RAILWAY,
LIGHT
&
POWER
GAS
CO
BOUGHT, SOLD AND APPRAISED
CORRESPONDENCE SOLICITED
BANKERS
New York
Philadelphia,
Chicago,
N. W. HARRIS & CO
BANKERS
PINE
STREET, CORNER WILLIAM
NEW YORK
35 Federal St
178 Dovonahlro St
BOSTON
Receive deposits subjsct
allow Interest
on
balances.
to
chock and
Aets
as
flseal
agents for municipalities and corpora¬
tions.
Issue letters of orodit and deal In
BONDS FOR INVESTMENT
LIST ON APPLICATION
San Francisco,
$1,000,000
Capital,
Surplus and Profits,
135 BROADWAY
1,500,000
NEW YORK CITY
WILLARD V.
WILLIAM H.
NICHOLS, Vice-President
LANGLEY W. WIGGIN, Secretary
PARK TERRELL, Manager Municipal Dept.
KING, President
HOWARD BAYNE, Vice-Pres. & Treasurer.
FRED. C. MARSTON, Assistant Secretary.
GEORGE E. WARREN, Trust Officer
The Company is authorised to act as Executor and Trustee. In
accordance with
our trust investments are
kept separate and apart from the Assets of the Company, and are inscribed in the names law,
of the parties entitled to them.
The commissions charged are fixed by statute and are the same as for
an individual trustee,
being as follows:
5%
on accounts up to $1,000
2 y2% on the next $10,000
1%
on amounts above $11,000
e
A
charge at the
same rate is also made
on
the income collected.
DIRECTORS
JOHN D. BARRETT
Johnson St Higgins. Insurance
SAMUEL O. BAYNE
President Seaboard National Bank
UNION N. BETHELL
Presldnet New York Telephone Co.
ROBERT S. BRADLEY
Chairman Amer. Agricultural Chemical Go.
•FREDERICK H. EATON
President Am. Car & Foundry Co.
JAMES M. GIFFORD
Gifford. Hobbs St Beard. Attorneys
•HENRY GOLDMAN
Goldman. Sachs St Co.. Bankers
WILLIAM N. HARTE
Trees. Title Ins. Co. of New York
•A. B. HEPBURN
President Chase National Bank
WILLARD V. KING
President or the Company
G. HERMANN KINNICUT
Kissel, Klnnlcutt St Co., Bankas
AUGUSTUS G. PAINE
President New York St Penn. Go.
Peters, White St Co.. Chemicals
CLARENCE W. SEAMANS
Anthony r. kuser
President Union Typewriter Co.
Pres/South Jersey Gas. El. St Trao. Co.
JOHN R. McGINLEY
Manufacturer. Pittsburgh, Pa.
CHARLES F. MATHEWSON
Krauthoff, Harmon Sc Mathewson, Attorneys
-GEO. BARCLAY MOFFAT
White, Weld & Co., Bankers
WILLIAM H. NICHOLS
Chairman, General Chemical Co.
•
WM. R. PETERS
„
_
HERMANN SIELCKEN
Grossman St Slelcken, Merchants
•FREDERICK STRAUSS
J. St W. Sellgman St Co., Bankers
ARTHUR TURNBULL
Post St Flagg, Bankers
MICHAEL M. VAN BEUREN
*
Van Beuren St
Member of the Executive Committee.
Jesup, Bankas
INDEPENDENT OF THE CONTROL OF ANY SINGLE
INTEREST
HAND-BOOK
OF
SECURITIES
JULY 1910
CONTENTS.
SECURITIES—Outstanding and Also the
Income for
a
series of years
income.
HIGHEST AND LOWEST
YEARLY RANGE
OF
past,
as
well
as
the annual charges against
PRICES—Monthly for
ACTIVE
years 1909 and to July 1,1910.
STOCKS—1904-1909.
DIVIDENDS ON RAILROAD STOCKS AND LEADING INDUSTRIAL
STOCKS paid
years 1901-1909, inclusive, and to July 1, 1910.
PRIOR, $1 00.
TO SUBSCRIBERS OF THE
during each of the
CHRONICLE, 75 GENTS.
COMMERCIAL & FINANCIAL CHRONICLE, New York
T. W. STEPHENS & CO.
BANKERS
2 WALL STREET
....
NEW YORK
Investment Bonds
INTEREST ALLOWED ON ACCOUNTS OF
CORPORATIONS, FIRHS
AND INDIVIDUALS, SUBJECT TO CHECK AT SIGHT
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Bankers
Members New
List of
York, Chicago and Boston Stock Exchanges
current
offerings
on
application
Commission Orders executed in all the
principal markets
Deposits received and interest allowed on
balances subject to draft at sight
! -v.
r.
25 Nassau Street,
BOSTON
19
Congress St.
-
New York
BALTIMORE
CHICAGO
203 East German St.
240 La Salle St.
\
LONDON
5
Lothbnry, E. C.
.
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