Full text of Commercial and Financial Chronicle : October 31, 1914 : Railway and Industrial Section, Vol. 99, No. 2575

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

AL
INDUSTRI
RAILWAY AND
SECTION
OF THE

COMMERCIAL & FINANCIAL CHRONICLE.
Copyrighted in 1914 according to Act of Congress, by WILLIAM B. DANA COMPANY, In Office of Librarian of Congress, Washington, D. 0.

Vol. 99.

NEW YORK, OCTOBER 31, 1914.

RAILWAY AND INDUSTRIAL SECTION
The Railway and Industrial Section. issued three times a year on the last
Saturday of February. June 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
Commerce Commission, is also furnished without extra charge to every
annual Chronicle subscriber.
The Electric Railway Section. Issued three times a year,in January. May
and September. is likewise furnished without extra charge to every Chronicle
subscriber.
The State and City Section, issued semi-annually on the last Saturday
of May and November. Is also furnished without extra charge to every
subscriber of the Chronicle.
The Bank and Quotation Section, Issued monthly. Is likewise furnished
without extra charge to every subscriber of the Chronicle.
The Bankers' Convention Section, Issued yearly, giving the detailed proceedings of the annual convention of the American Bankers' Association
Is also furnished without extra charge to Chronicle subscribers.
Terms for the Chronicle, Including the six Supplements above named.
are Ten Dollars per annum within the United States, Thirteen Dollars
(which Includes postage) in Europe, and $11.50 in Canada.
File covers for the Chronicle are sold at 50 cents each; postage on the same
Is 18 cents. File covers for Supplements can be had at same price.
CHICAGO OFFICE—G. M. Shepherd, 513 Monadnock Block.
LONDON OFFICE—Edwards le Smith, 1 Drapers' Gardens. E.C.
WILLIAM B. DANA COMPANY. Publishers,
Front. Pine and Depeyster Streets,
New York.
Post Offlee Box. 958.

OPERATION OF TERMINAL YARDS.
Few now deny the seriousness of the country's
railroad situation. Internal troubles and burdens
of the past few years were aggravated as they
approached a climax by the effects of the world-wide
disaster that are felt minutely in the financial
sphere. In the immediate field of railway operations
the consequences are manifest. The facts stare
one in the face. Diminished earnings, fewer trains,
weaker forces, and surplus freight cars, resulting in
lower dividends, tell the indisputable tale to the
general public. For those responsible for the railway system of the country on its technical side and
for the great army of its operating forces, the crisis
through which the railroads are now passing has the
more special significance as the meaning is realized
more fully. Ordinary development has been arrested. New work has been halted. Plans for new
undertakings have been dropped or pigeon-holed.
But stagnation in outward expansion activities does
not compel a passive folding of the hands. Wise
administrators will seiz6 this period of forced economizing for strengthening the basic structure of the
railroads and "repairing the fences." It is a time
particularly suitable and favorable for concentrating
the attention of the executive staff of the railroads
upon the details of organization, to gather up the
lessons of experience from the technical standpoint
in the operation and maintenance of the physical
and mechanical property of the roads. This will
be husbanding energies sure to be put to work when
the proper opportunity arises with telling success.



No. 2575.

Occupation of this sort has yielded valuable fruit
in the papers contributed to a prize contest initiated
by the Railway Age Gazette on the operation of
terminal yards. This brought out twenty-nine
competitors, who have discussed all the phases of
this important subject of railroad organization and'
equipment. The practical hints contained in the
suggestive papers cannot fail to be of the utmost:
service to railroad men all over the country. The
contributors themselves represent the administra=
tive departments of some of the best known systems
and the names of the three judges, themselves presidents of big railroads and a great terminal, guarantee.
the good judgment and weight of their award. The
contributors were yardmasters, trainmasters, terminal and division superintendents and freight.
agents, among whom William L. Burt, assistant
freight train master of the Pennsylvania railroad at
Jersey City, was considered to have submitted the
best paper on methods of operation.
Mr. Burt explains how the terminal yard contains
many complications outside those of the ordinary
classification yard. The terminal has usually but
one throat and through this all trains must be received and despatched, loaded cars must be placed
at various parts of the terminal,and the empty cars
must similarly be placed at their individual sidings,
where warehouses and industries surround the
terminal, the switching service in this case being
naturally most exacting. If the terminal has a
water-front and,as at New Jersey, tide-water operation is conducted on a great scale for the interchange
of freight with other terminals in a metropolitan
district, the field of detailed operation becomes
immensely enlarged. The yardmaster entrusted
with the management of such operation requires a
combination of qualities of the first order. Mr.
Burt very properly places in the forefront of the
requisites of successful operation the character of
the personnel chosen and employed both in the
supreme and in the assistant posts. The practical
training acquired in positions as yardmaster's clerks,
despatchers and trainmen, with the personal ability
displayed in the exercise of their duty, has in most
cases placed the administration of yards in the
hands of men who have risen from the lowest ranks.
Of necessity,thorough familiarity with all the routine
detail in receiving, classifying and dispatching must
be possessed by the higher officials,so that they can
act with promptitude and certainty in an emergency
which may arise at any moment.
The process of operation follows in general a course
somewhat like this: the terminal yard master receives
a report of every train destined to his yard on its

4

RAILWAY AND INDUSTRIAL SECTION.

[VOL. xcix

dispatch from the other end of the division one hun- efficiency and with economy of operation, is the
dred miles away and is advised on its approach to ambition of the aspiring yardmaster. He can only
the terminal in time for preparation to be made for achieve it by perfecting his system of informing
its accommodation. If the train conveys live-stock himself of the whereabouts. and condition of every
or perishable freight it should have priority of move- car coming into his territory. Mr. Burt says it is
ment at nearby sidings over freight trains of less necessary for this purpose for him or the officer in
urgency. The conductor has now to send his way charge of details of operation to receive accurate
bills and mail to the yardmaster's office with the reports at least every six hours. These must show
individual numbers of the cars composing his train. the cars on hand for various destinations, the amount
These particulars must be checked to note any intended of traffic en route to the terminal, the cars ready and
diversions,detentions or changes in destination before to be available for movement during the next sixthe classification stage is undertaken. Car inspection hour period, the power, crews and floating equipment
for noting the condition of arrival can be carried available, and the number of cars on hand and en
on simultaneously while the cars are being marked route to and from connecting lines. On advice
for switching to the various classification platforms. thus obtained he should map out a campaign of
The use of pneumatic tubes connecting stations action to meet the requirements of the next six
at the chief points of the yards with the main office hours.
has been found greatly to expedite this process, so
To bring about the successful operation of the
that a saving is effected in the time previously terminal it is necessary for all the branches of the
taken for the checking and classifying of every train organization to work in harmony in these continuous
brought to the yard. Mr. Burt estimates the value daily campaigns. The task of the railroad officer
of such saving in the handling of about 175 trains responsible for its execution is both arduous and
to be five hundred dollars a day where the tube strenuous. Mr. Burt's experience has made him
system has taken the place of messengers.
familiar with the practice of moving over points of
The cars having been marked, they are ready for interchange at a terminal of over 35,000 cars monthly,
distribution from the hump, where they are individ- or 1,346 cars a day. Such a volume of business,
ually weighed and checked again as each is taken he suggests in one of his useful advisory recommendain charge by a car "cutter" or car "dropper." The tions, can only be handled satisfactorily by the
cars have then to be shifted to and from team tracks, provision of modern yard facilities and by the prestations, warehouses, piers, docks etc., or arranged vention of delays in the terminal by the checking
for the interchange with foreign lines. This is an and preparation of waybills,delivery receipts,and all
intricate business, especially where it is conducted, terminal papers,in advance of the arrival of a freight
as at the New York waterfront terminals, between train at the terminal,either at the previous divisional
the eight trunk lines by car float movement around terminal or by being handled en route by messenger
the harbor. Unless the closest supervision is ex- clerks sent to meet the train just as mail is now
ercised over the yard, transfer, bridge and float sorted in transit.
operation, annoying delays may arise, throwing the
RAILWAY BRIDGE ENGINEERING WORK
whole operation out of gear, losing connections, and
blunder
small
one
IN AMERICA.
bringing about, it may be, from
traffic.
of
blockade
actual
congestion
or
a state of
"Silent leges inter arma." In the clash of war
Bad weather, especially in winter, is a contingency laws are silent, the Roman statesman's phrase that
always to be borne in mind by the yardmaster, who has become a commonplace, is true also of peaceful
must be ready to meet it at all times with a flexible railroad construction development in the countries
force of laborers and longshoremen.
of Europe under the present conflict and on the
The systematic prompt delivery of perishable American Continent indirectly. Many necessary
freight at city terminals is above all things the func- engineering improvements long considered must now,
tion of the trainmaster, the yardmaster and the owing to more pressing exigencies, be indefinitely
freight agent which cannot be efficiently performed deferred, if not wholly abandoned. The course of
without highly intelligent co-operation of themselves the military operations in the campaigns in Europe
and their immediate subordinates. The car-tracing has above all so far shown the immense importance
department of a freight terminal has grown to be attached to railways by the strategists of every army
one of the busiest sections of railroad operation in the field. Both in the forward and backward
under the era of the telephone. Hundreds of in- movements almost the first point of consideration has
quiries pour in daily upon the car-tracing clerk, who been the railroad bridge; and the maintenance or
must do his best to satisfy the questions of the destruction of that means of communication has
railroad's clients as to delayed cars in the yard or been one of the principal objects of the field comalong the sidings of the division. Such inquiries manders. The pontoon bridge,it is seen,is a necesrelate to shipments en route, change of destination, sary accompaniment of an army corps. The railholding of cars, the most important considerations road in almost all its details of equipment, organizain legitimate business requests and groundless com- tion and personnel for ordinary operation has in the
plaints of impatient consignees having alike to be belligerent countries been turned over to military
met. Recent improvement in the telephone selector purposes. In this the railroad bridge builder is
apparatus has given indispensable aid in timesaving, playing a conspicuous part. This throws strong
so that a remarkable pitch of efficiency has been light upon what,in the ordinary course of his peaceful
in bridge construcattained in the best operated lines in keeping a vocation,he has done and is doingrailroad
the
of
systems of
development
the
for
car under possible location at any moment on its tion
America.
journey from coast to coast or during its temporary
Some instances of modern construction railroad
stoppage at any wayside switch.
bridges immediately attracting notice, rank with
To accomplish this regular movement with the the foremost bridges built in any era. They include
least stress and friction, with the proper degree of the chief types of arch suspension, cantilever, and



OCT., 1914.]

RAILWAY AND INDUSTRIAL SECTION.

5

tal swing weigh 1,000 tons and cost $500,000. The upper
its subordinates, the bascule and horizon is also arms extend 50 feet. The mechanical equipment is
bridges. The concrete bridge and viaduct repro- operated by electricity from Quebec seven miles
being established in monumental shape that
in away, the current being used for the plants of lightduces the achievements of the bridge builder
ing, heating and compressed-air apparatus. A
ancient civilizations.
e of. bridge model camp for the workmen is established at the
Perhaps the most striking examplconditi
ons of locality. The work on the north approaches was
.
g
designed to meet the cross-cuttin
g.them.really finished last autumn.
land and water transportation, bringin
The greatest physical difficulties in recent railway
s, .is. the
relation
into co-ordinate and harmonious
ction work probably have been encountered
constru
joining
.
bridge
bascule
railway
Canadian Pacific's
me in the bridge substructures of the
and
overco
on
and
Domini
an
the United States and the Canadiof Michigan with Grand Trunk Pacific Railway along the Fraser
physically connecting the State to form a great River in British Columbia. The bridge work of
so as
the Province of Ontario New
records in bridge this division running for 185 miles between Tete
y.
gatewa
international
completion last Jaune Cache and Fort George through several
its
by
construction were recorded
their work ranges of mountains is now an accomplished fact.
month. Engineers and contractors ssdid
operation Ten permanent bridges from 2,658 feet long to single
for
readine
so well and rapidly that its
particular girder spans have been built along this course, the
is ahead of the time expected. This
world, three longest actually crossing the Fraser, a river
the
in
kind
its
bascule bridge is the largest of
of the which is marked with dangerous canyons and rapids,
being 330 feet in length between the faces
these is full of swift currents and has seasons of low and
of
Each
hinge.
piers on which its leaves
the high water. Nature's features to be conquered in
leaves swings upwards on its hinge to admit
the foundation and abutment work of the bridges
supertall
and
draught
passage of vessels of deep
ay
compare with the river bank and bed, conditions
waterw
nt
importa
this
along
passing
structure
with
met with by the government bridge builders in
ess
smoothn
the
without interference, while
is India that Kipling has described with wonderful
which the operation of raising and depressing in
possible
as
realism. The construction has been possible only
delay
accomplished causes as little
re- during the low-water period, beginning in October
the re-alignment of the railway track and the
or November until May. All the material had to
opening
The
traffic.
land
sumption of the land-tobe carried to the scene of action by water, that
or closing of both leaves of the great bridge,it is pointed
being the only means of communication except in
is
ring,"
Enginee
tive
out in "Railway and Locomo
ent of winter after the close of navigation when the iceso easily accomplished by the nice adjustm
is clad country could be penetrated on foot and with
man
one
only
that
the counter-balance in weights
g the use of dog-sleigh teams. For the carriage of the
required in the operating tower for the light handlin
immense quantities of cement and steel from Canada
motion
in
sets
which
of an ordinary hydraulic jack
and Pennsylvania, hundreds of scows from thirtylight
a
very
with
ces
applian
cal
the few mechani
to forty feet long were employed, of twelve to
six
nt
moveme
the
of
r,
weight. The expense, moreove
five tons burden apiece, and manned by two
block
is almost a negligible quantity. The concrete leaf twentysweeps, with pilots and extra crews to
using
men
each
re
for
attached to the balancing structu
vre them at the specially dangerous points.
weighs over 1,000 tons, consisting of 550 yards of manoeu heel steamers also had to be built. By the
Stern-w
concrete.
flotilla a force of six hundred men was
The counter-weight exactly balances its leaf and means of thison a suitable island which has been
ned
r
maintai
operato
The
acts in perfect equilibrium with it.
in the construction of the largest bridge at
on the one side can at will open both leaves simul- utilized Crossing, one mile east of the Old Hudson
Fourth
singly,
taneously, partially or wholly, or but one
y's post Fort George below the conaccording to the size of the ship passing through and Bay Compan
and Nechaso rivers. This bridge
Fraser
of
e
its requirements of channel depth. The principl fluence
200 feet and two of 250. Work
of
spans
the
ten
in
has
seen
be
to
employed is no other than that
night and day by the contractors'
by
on
leverage road barrier gate at the ordinary roadside was carriedwere brought from Montreal and Boston
who
larger
men,
much
of any crossing at grade, though on so
the limits of time imposed
a scale. Its increasing use is exemplified on the to complete the task within The beginning was made
season.
le
availab
the
by
numerous reconstructions of railroad lines across
May, a Herculean
rivers and canals and extensive shallow waterways in September and the end last
red.
conside
things
all
feat,
around the coasts.
Considerable progress has also been made in the
erection of the new Quebec Bridge, on which the
CHICAGO'S INTERCHANGE YARD AT
severe lessiz.n taught by the collapse of the first is
CLEARING.
causing painstaking caution to be exercised. The
The completion of the reconstructed transfer yard
cantilever type can here be seen in its full majesty
size
dented
of
are
at
unprece
Clearing, situated near the Southwestern angle
in the steel members,which
the
and weight. Every step of the problems confronting of Chicago's city .limits, about ten miles from
railroad
a
on
operati
the
into
utmost
with
bring
soon
city's
will
centre,
out
worked
the engineers is being
care and the equipment of the builders is designed yard of the greatest national, and one may say
interto meet every emergency that can be foreseen. The international, importance. More freight is other
centre span is in length the same as the old, 1,800 changed between roads at Chicago than at any
trunk
feet from centre to centre of the main piers, divided point in the United States. The twenty-four
lly terthe
practica
o
and
all
feet,
s
g
580
Chicag
line
each
railway
enterin
spans,
er
cantilev
two
the
into
Middle West
one suspended middle span 640 feet long. The twog minate there. The metropolis of the
indisputable
an
enjoys
taperin
an
port
these
Lake
its
Michig
long,
with
feet
515
each
are
arms
anchor
of North
centre
the
c
length
strategi
railway
as
the
acy
over-all
In
suprem
end.
each
back to 70 feet at
delivered
be
to
freight
about
for
for
a
As
magnet
a.
portion
Americ
central
The
feet.
3,239
is
bridge
into its
draws
s,
Chicago
to
confine
Owing
own
its
within
water.
high
700 feet is 150 feet above
cars per month.
130,000
about
ted,
was
it
is
calcula
expense
vortex,
extra
no
side
each
on
banks
high
the
brought
entailed for the approaches, but the formidable task This is half of the total movement of freight
re- to the City, the other half being destined for points
has
position
into
ed
span
suspend
the
raising
of
rd
quired most elaborate preparation in pontoons, beyond. The great through westwa and eastward
up
the
lines
making
the
jacks.
over
ic
traffic
transcontinental
hydraul
us
and
enormo
cranes,
ng
travelli
an immense amount of transfer
To save a year's time the centre span will be erected systems necessitates
of the roads as they
on the shore in the vicinity and floated into position and interchange of cars. Most
and then raised en masse. The two travelers for gained access to the City, established their own
the erection of the cantilever spans proper each individual yards,but as their business increased and



6

RAILWAY AND INDUSTRIAL SECTION

[VoL. xcrx.

• the volume of through traffic likewise, needing trains, on cutting off, will go to the engine facility
intercommunication, the capacity of these yards lay out to coal, clean fires and take in water
and
fell behind requirements, though belt line tracks sand. An engine can be turned and pick up a train
connected them one with another. Congestion of in the departure yard with a minimum of delay.
freight cars in the city was the natural consequence The railway shops just north of the hump, consisting
and became so prevalent that in the through routing of locomotive shop, round house, store house and
of a car bringing California products to New York woodmill make an installation suited to the best
it is only possible in the case of the special express modern practice.
freight cars to count upon getting through the
Special provision is made for the business
Chicago gateway in less than two or three days, ing in the industrial district around Clearing.originatThere
owing to the enforced delays due to the intricate are already numerous plants grouped around the
switching and change of individual lines, engines yard and further development in this territory is
and train crews.
expected. Work here will be done by the switching
It is fifteen years since a company was organized engines of the Belt Line. In the case of the solid
to build the yard at Clearing in order to reduce the trains taken in and out of the yard by
road
congestion, already intolerable; but for various engines,it is hoped to eliminate many of thethe
switch'reasons the yard built remained practically unused ing charges now customary and reduce the cost of
until twelve of the railroads combined in 1912 in an transfer to the trunk lines as well as cut the delay
agreement under which they became joint owners to cars in moving through Chicago. If operating
of the Belt Railway. The Chicago & Western agreements can be made to enable the advantages
Indiana bought the old yard and leased it with its of this central "freight car clearing
house" to be
belt divisions to the Belt Railway. That company, realized to the fullest extent commensurat
e with the
of which E. H. Lee is vice-president and chief engin- facilities of this reconstructed yard, a most
eer, has carried out the reconstruction of the yard, interchange problem will have been solved difficult
for the
which, because of its magnitude and of the modern twelve co-owning companies, namely
the
Atchison
features fitting it for handling freight cars at the Topeka & Santa Fe, the Chesapeake dr Ohio,
the
concentration point of many railroads, becomes the Chicago & Eastern Illinois, the Chicago Burlington
.most noteworthy of its kind.
& Quincy, the Chicago Rock Island & Pacific, the
About ten million dollars have been spent upon the Chicago Indianapolis & Louisville, the Erie, the
yard at Clearing. It is designed to provide a stand- Grand Trunk, the Illinois Central, the Minneapolis
ing capacity of about 12,400 cars and to allow of the St. Paul & Sault Ste Marie the Pennsylvania and
.handling of 400 cars an hour over the hump. The the Wabash. The Indiana Harbor Belt Line, owned
old hump has had its width increased to allow four by the Lake Shore & Michigan Southern, the Michitracks to be operated simultaneously, two in each gan Central, the Chicago Milwaukee & St. Paul and
.direction. The two classification yards are each the Chicago & North Western have immediate condivided into two units of twenty-six tracks. The nection with the Belt Railway and these lines can
,classification tracks have a capacity of forty-five use the Clearing transfer yard as they may find
.cars each, giving a total capacity in their yards of convenient. Of the other four lines remaining out
4,685. In these respects the capacity of the Clearing of all the trunk lines entering the city, the Baltimore
yard is the greatest of any in the country. More- & Ohio, the Chicago & Alton, the Pere Marquette
over the yard contains one of the largest push- and the Chicago Great Western are the only lines
button electro-pneumatic interlocking installations notinterested,either through ownership or affiliation,
in the United States for operating the switches along with one or other of the belt lines; but of these the
the ladders at the receiving ends of the classification Chicago Great Western is the only line which has
yards. The receiving and departure yards are no direct connection of its own to the yard.
.designed for seventy-car trains. Provision has been
Altogether there are 134 miles of track in the new
made for future expansion of traffic, as only sixteen yard as against the 94 miles in the old. The 75-1b.
and twelve tracks are being laid down, respectively, rail used in the old yard has been again utilized, but
as the present installment of the ultimate number of in the additional trackage the rail employed is an
thirty and twenty-one tracks,to make a full capacity 80-lb. standard. In the other details of the new
of 4,200 cars in the receiving yard and 2,940 in the work, such as the use of hard-wood ties in the place
departure yard.
of soft-wood, stone ballast for cinders for all ladder
The hump itself on the approach tracks has a and important running tracks, manganese frogs and
grade of 0.6%. On the other side the grade is 4% guard rails care has been take to raise the standards
for a short distance to give acceleration, 0.9% of construction while economizing as far as possible
through the ladders and 0.4% through the body of by the use of the former material consistently with
the classification yard. It is noticeable that in efficiency. The work required a maximum force of
order to meet the conditions of the"Windy City,"the about 1,200 men in 1913 and about 800 during the
westbound hump is made one foot higher than the present year.
eastbound to compensate for the force of the preThe adjustment of the financial shares of the convailing winds. The switches along the ladder track tributing lines and the fixing of the scale of charges
leading into the classification yard are operated in the operation of the Clearing Yard will of course
from a two-story interlocking tower which houses take some time to arrange to the satisfaction of all
the yard electro-pneumatic apparatus from a steel the interests concerned. But these joint railway
bridge spanning the hump. There are two machines operative agreements are now well understood and
of seventy-two levers each operating sixty-five have several precedent examples furnishing a practiswitches and two signals so as to control the classifi- cal basis. The non-owning roads which so desire
cation yard from the hump tower. Along either will probably turn over trains of transfer cars to
side of the hump runs a thoroughfare track. Cross the Belt Railway as at present, paying the standard
connection is given by tracks under the hump allow- charge for such transfers, reaping the advantage of the
ing movements to be made easily between any por- acceleration in the movement of traffic which should
tions of the yard. The yard facilities are in dupli- naturally flow from the improvement in the facilities.
cate, and the general system of operation will be
At other great terminal cities the working of the
that the trains from southern and eastern roads Clearing Yard will be followed with close observawill be brought into the yard from the east end and tion. Its results should have a most important
depart for northern and western connections at the bearing upon the improvement projects under conwest end, while cars from the latter roads will move sideration for the New Jersey terminals and others
through the yard in the opposite direction. The whole in the New York District, as well as those an expecoperation of classifying and making up trains will tant future anticipates for the Pacific Coast, Southbe performed by the Belt Railway, while the road ern and Mississippi Central gateway focussing points
engines of the respective companies bringing in the of the United States.



RAILROAD COMPANIES,
FOR MISCELLANEOUS COMPANIES, SEE PAGES 142 TO 186, INCLUSIVE
ItSPLANATOR Y.-Thia Supplement is expressly intended for use in oonnection with the Investment news and official reports Published from week to
week in the "Chronicle." Frequent reference Is therefore made to the volume and page of the "Chronicle" (as V. 98. p. 000). where fuller information
respecting the company. As every
may be found. Following also each statement is given a reference to the latest news Item In the "Chronicle"
are in black-faced figures.
such item contains a reference to the last preceding item, the reader can run back at pleasure. Annual reports
page,
to roads leased and consolidated.
another
the
Index,
on
found
by
means
of
be
order
may
lnaez.-Any company not in regular alphabetical
actually paid during the calendar years named. Irrespective of when earned.
Dividends.-The dividends ("dive ") tabulated In the text are those
other
rentals
or
fixed charges.
not Interest,
Net Earnings are given after deducting operating expenses and frequently taxes, but
of space, sometimes only in text below) as follows:
Securities.-These are described In table at head of page (except the stock, for lack
Miles of Roael.-Opposite bonds, this means the miles of road owned covered by the mortgage.
otherwise marked). the denominations or par value. "100, &o.," signifying $100 and larger.
Size or Par Value.-Shows (in dollars unless
per annum Is here shown: g, gold; our. currency, a, extra; s. stook or scrip.
Rate Per Cent.-The interest and dividend rate July:
F & A, February and August; M & S. March and September; A & 0, April and October: M & N
When Payable.-J & J stands for January and
December;
Q-J. quarterly from January: 0-F, quarterly from February; Q-M. quarterly from March.
May and November; J & D. June and
shows
the date when the bonds mature and the amount and date of the last dividend.
column
&c.-Tble
Due,
Bonds, Principal When
"general mortgage": con 35 or consol M for "consolidated mortgage": Inc M for "Income mortgage';
4.0breviaiions in table: M for "mortgage"; gen M for
for
p
&
I
"guaranteed
principal and Interest"; cum for "cumulative"; non-corn for "non-cumulativel;
guar
"currency":
g for "gold": o or our for
option"; pref for "preferred"; pref p & d "preferred as to principal and dividends; s f for "sinking fund":
cony for "convertible into stock at holder's
and coupon
I gr for "land grant"; r "fully registered (no coupons)"; a "coupon": o• "coupon, but may be registered as to principal"; r• "registered "assumed":
bonds are interchangeable"; br "branch"; end "endorsed"; red "redeemable":den or drawn."subject to call by lot"; pm "per mile"; ass'd,
Taxes.-The position of interest payments as regards deductions for taxes, as shown by bond or mortgage, or as reported by company, as far as ascertained, is indicated as follows: x"payable without deduction for any tax"; zz"company assumes normal Federal income tax for the present at least.'
y "Free from all taxes except Federal income tax." s"No provision as to exemption from taxes." k "Free from Pennsylvania State tax." v "Free
from United States taxes."
Mortgage Trustees and Stock Transfer Agents(TR Treasurer's Office) are indicated thus:
PHILADELPHIAUC -Union Trust
Usm -U S Mtge & Trust Co 113 -International Trust
NEW YORK CITYNB -New England Trust
WC -Western Tr de Say Bk FP -Fidelity Trust
Ba -Bankers Trust
OR -Old Colony Trust
BALTIMOREOP -Girard Trust
LOUISVILLECa -Carnegie Trust
SB -State Trust
FL -Fidelity F0 Columb Tr OuP-Guaranty Tr & S Dec
BBa -Baltimore Trust
Ce -Central Trust
CHICAGO-.
CoBa -Continental Trust
PIP -Provident Life & Trust
Col -Columbia Trust Co
CeC
-Central
Trust
Co
of
-Fidelity
Trust
Co
Ill
PeP -Penn Co for Insur on
FBa
Trust
Co
LLP171741CIVITITrust
-Empire
Ern
itAites
CC -Continental & Corn- CPi -Colonial Trust Co
•enclr Andi
,
MBa -Maryland Trust
B0-Equitable Trust
mercial Tr & Say Bk FPI -Fidelity Title & Trust WP -West
Tr
F -Farmers' Loan & Trust MeBa-Mercantile Tr & Dep
Sits -Safe Dep & Trust Co FC -First Trust & Say Bk PPI -Pittsburgh Trust
(I -Guaranty Trust
IC -Illinois Trust & Say Bk UP
SIT
Irroniijoin Trust
SAN FR A NCISCOMe-Mercantile Trust
MC -Merchants' Loan & Tr
CS -California Sate Deposit
BOSTONN -New York Trust
Trust
NC -Northern Trust
MSt-Mississippl Valley Tr
AB -American Trust
Un-Union Trust
TrustCo
&
BB -Boston Safe Dep & 'Tr RC -Royal Trust
US -Union
SSt -St Louis Union Trust
'
Us -United States Trust
Subscribers will confer a favor by giving immediate notice of any error discovered In these tables.
Miles Date
Par
Amount
Bale
RAILROAD COMPANIES.
When
Last Dividend Plates Where Interest and
Road Bonds Value Outstanding
%
Dividends are Payable
Payable and Maturity
[For abbreviations, &c., see notes on first page]
kdirondack Ry-See Delaware & Hudson Co.
4 ¢ J & 13 June 1 1942
$982.000
1.000
-__ 1902
--Usmx.c•hr
U S Mtge & Tr Co. N 1r
kkron & Barb Belt-let Mel (text)
6 g J & 1 July 1 1930
100 1,500,000
g--fr red 105beg'15
--- 1910
Cleveland Trust Co
kkron Can Et Young-let DI $1,500,000
50 7,830,000 5 In 19131 & D June 25 '14. 214 Checks mailed
klabama Great Southern-Ordinary stock
50 3.380,350 6 In 1914 F & A Aug 27 '14, 3%
do
do
Preferred stock 6% $4.000,000
1,000 1,750.000 5(6) g .1 ee J Boo 1 1927
- 1878
Farm L & Tr. NY: •••• Bei
First M gold ext in 1908(V 85. p 1645. 1460)_.Fz.0
Morgan,Grenf&Co,Lon
E100
5 g J & 13 Deo 1 1927
£810.000
Cez.c
299 1888
General mortgage £1.160.000
5g J & D Dec 1 1943
___ 1913 $. £ & fr 2,500.000
Ci.zcsr•
New York
First consol M $25,000,000 gold
550.000
44 g F & A Feb 1915
1.000
Blair & Co. New York
- 1905
Nx
Car trust last installment
x
44 A/ & N To May 1 1916 Franklin Trust Co, N Y
222.000
__ 1906
1.000
$74,000 due s-a gold (V 82. P 867)
Do
1909
Trust Co, N Y
___
Empire
(V
88.
p
1559)x
Jan
'15-July
'19
J
&
J
434
500.000
1.000
450.000
s-a
due
Series
D.
Do
Atlantic Coast Line RR
111abama Midland-See
___ ____
£10 £1,500,000 See text March Mob '14. 44% London
Ma N 0 Tex & Pac Ja-Preferred "A" stook 6% cum
£10 .£2,500.000
Deferred "B" stock
5g M & N Nov 1 1940
Various £1,797,240
Glyn, Mills. C & Co. Lon
--- 1890
"A"& •B"debentures,redeemable sincerer° at 1150
do
5 g A & 0 Nov 1 1940
2810.653
do
£20 &o
--- 1890
'0" debentures Income subj to call any time at 100
Columbia Trust Co, N V
5
¢ A & 0 Oct 1 1956
4662.000
1,000
1906
__
-At
&
N
RR
latM_Cols
kla barna Tennessee & Nor
Columbia Trust Co. NY
5 g A & 0 Apr 1 1956
450.000
1,000
___ 1906
Col x
Tombigbee Valley firstIM
6
New York Trust Co,NY
J & J Jan 1 1935
270,000
1.000
--_ 1910
Nx
General mtge
Mobile and New York
M & 8 Sept 1 1935
6g
500,000
1,000
1910
x
Mobile Terminal & By 1st mtge gold red 105
Guaranty Tr Co, N Y
See text
M & N May 1 1943
1913
x
Ala Tenn & Nor Ry 1st & ref Si $25,000,000
do
'
do
May
1
1916
M
&
N
6
g
1,000.000
1913
x
notes
-year
gold
Secured 3
100 2.100.0007 In 1914 Yearly Sept 4 1914 7% Central Trust Co. N Y
143 ___
klabama & Vicksburg-Stook (see text)
do
do
6 g A & 0 Apr 1 1921
1.000 1,000,000
143 1881
Vicksburg & Meridian 1st M g $.1.000,000--F.xo•
do
do
585.100
100 &o
143 1889
5 g A & 0 Apr 1 1921
Alabama de Vicksburg cons 1st M $1.800.000 g_Cez.c
do
do
A & 0 Apr 1 1921
5g
422.700
100 &C
143 1889
2d M orig $700,000 g (1st II on 3,436 acrea)Cex.c
kibany & Northern-See Georgia Southw & Gulf
12.25 J & J July 1914,$4.50 Del & Hudson Co. N Y
-------100 3.500,000
Many Et Suse-Stock dividends guar by D & H (end)
do
do
34 g A a3 0 Apr 1 1946
142 1906 1.000 &() 10,000.000
1st M $10,000,000 g go p & I cony(text) Usmx.o•&r
M & N Nov15 1914 14 Troy. NY
3
600.000
100
12 ____
111....... 5, V.......1.___qt.m, 2°x. emaranteed by rental
AKRON & BARBERTON BELT RR,-Belt line at Barberton, 0., and
Fairlawn to Akron, O.; total, 23.4 m. Stock, $100.000, owned equally
by the Cleveland Akron & Cincinnati,Balt. & Ohio, Erie RR.and Northern
Ohio By, Bonds auth $1.500.000* issued.$1.140.000: $158,000 redeemed
by sinking fund; $360,000 reserved for future reouirements. Drawn at 105
yearly for sinking fund of $11,550 and int, on bonds in fund per annum.
-(V. 78. p. 2598.)
AKRON CANTON & YOUNGSTOWN RY.-See page 110.
ALABAMA (IRE AT SOUTHERN RR.-(See Map Southern Ry.)-Owns
Wauhatchle, Tenn., to Meridian, Miss., 291 miles; leases Wauhatchie to
Chattanooga, 5 miles, and Belt By. of Chattanooga. 49 miles; owns half
Interest In Woodstock & Blocton By., 8 miles; trackage to Gadsden, Ala..
6 miles; total operated. 358 miles.
ORGANIZATION.-Controlled by Southern By. but operated independently. V. 81, p. 1722: V. 82, p. 159. Owns $833,300 stock of S. W.
Construction Co. received for $833,300 Ctn. New On.& Tex. Pac. stock.
DIVIDENDS.-'01. '02. '03. '04. '05 to '08.'09. '10. '11 to'13. 1914.
Common stock_ ___ 0 0 0 0
0
2 4)4 5 yrly J'ne,24
9 9 10 9 6 yearly
Prof. stock
6 6
6 yrly
6
BONDS.-The first consol. M. bonds (limited to $25.000,000) are issuable in lettered series, bearing not over 5% interest, as follows: $2.500.000
series A (sold) to provide for additions and improvements during 1914. 1915
and 1916; $5.686,600 reserved to refund 41,750,000 1st 5s and $3.936.600
gen. 55 of 1927; $9,000,000 for 2d track at,say.$30,000 per mile. 290 miles,
with extension to be built from Wauhatchie to the Southern By. line, 3.2
miles; the remaining $7,813.400 for improvements in and after 1917 at
$500,000 yearly V. 97, p. 1285, 1582, 1820; V. 98, p. 72, 1534.
LATEST EARNINGS.- 11914
Gross, $879,011; net, $212,831
Gross, 886,734; net, 212,882
2 mos., July 1 to Aug. 31.11913
ANNUAL REPORT -Report for year ending June 30 1914, in V. 99, p.
1211, showed: Gross, $5,385.307: net, incl. outside open., $961,380; other
Income, $377,402; deduc., $581.6116: bal. for stock, $757,186; pref. divs.
(6%). $202.821; cont. div. (5%). $391,500; bal.. sur., $162,866.-(V. 97,
p. 1202, 1282, 1285, 1582, 1897; V.988.p. 72, 1534; V.99. p. 1128, 1211.)
ALABAMA NEW ORLEANS TEXAS & PACIFIC JUNCTION RAILWAYS (Ltd.).-An English co. controlling Ala. & Vicksburg, 143 miles;
Vicks. Shreveport & Pee.. 189 m.; New Orleans & Nor. East.. 196 miles.
DIVIDENDS.-Pref. "A," 34%. 1908; 24%. 1910; 44%. 1911 and
%,Mar. 1914; arrears from Aug. 28 1885, abt. 170%•
1912;34% 1913;
SECURITIES OWNED.-Alabama & Vicksburg $30,000 1st mtge..
$343,400 2d mtge., $141.100 consol. mtge. and $1,168.000 stock; Vicksburg Shreveport & Pacific, $1,613.000 gen. mtge. $2,080,100 pref. and
$2,773,500 com. stock; New Orleans de North Eastern, $5,595,000 gen.
mtge.. $1,500.000 incomes and $5,336.300 stock; Southwestern Construction Co.. $448.700 stock; Railroad Lands Co., $108.850 (of $120.0001 stock.
COUPON PAID-For: '94. '95. '96. '97. '98. '99. '00. '01. '02 to '13.
% .875 1
2)4 214 414 5 5 5 5% yearly
"B" Incomes)
1
-_ 2 5% yearly
"0" (Incomes)
EARNINGS.-In cal. year 1913 net from Investments was $206,032;
paid general expenses (£4.607). Income tax (£12,622). Interest on "A" debentures (£35,259), on "13" debentures 5% (£49.362). on "C" debentures,
5% paid Oct. 1 1913 (138.169): sink. fund to extinguish debenture discount. £4.600. brought In from 1912. £6,402 dig. pref. "A" (4)4%)
£63,563; balance, surplus, £4,254.-(V. 98, p. 688; V. 99, p. 1051.)




ALABAMA TENNESSEE & NORTHERN RY.-Operates from Mobile,
Ala., on Gulf of Mexico, where extensive terminals are owned. to Reform,
Ala., on the Mobile & Ohio, about 225 miles, including about 25 miles of
Tomtrackage. A consolidation in April 1913 of Ala. Term. & Nor.
425,000.000.
RR..
bigbee Valley RR. and Mobile Term. & Ry. Stock
auth.. auth. issue),
Of the 30-year first and refunding Si. bonds ($25.000.000
$3.663.000 were Issuable at once, but only $2.000.000 have been issued and
these have been deposited under the $1.000,000 secured 3-year 6% gold notes
due May 1 1916. the remainder are issuable under careful restrictions at
425.000 per mile to take up at or before maturity all underlying liens, with
an extra allowance for equipment and terminals. V. 96, p. 1228.
Equipment notes outstanding, $1513,000 58 issued by Ala. Tenn. & Nor.
Bit.. due $10.000 semi-ann. from May 1 1915 to May 1 1922 incl.
EARNINGS.-For year ending June 30 1914. gross, $472.012: net.
9199,261. In 1912-13, gross, $466,385; net. $184,904; charges, $159.828
bal., sun,, $25,076. For 2 mos. ending Aug 31 1914. gross. $68.962:
net, 923,459.
Pres., John T. Cochrane, Mobile, Ala.; Asst. See.. Wm,
Goodman, New York.-(V. 96, p. 1228.)
ALABAMA & V ICKSBURO R Y.-Owns Vicksburg to Meridian. Miss.,
and branch, 143 miles. Controlled by Alabama New Orl. Texas & Pee.
DIVIDENDS.-1890 to 1892. 3% yearly; 1896. 3%; 1897 to 1899. 5%1
1900 to 1902. 6% yearly: 1903. 9%; 19(14 to 1914. 7% yearly. Stock
dividend 50% In 1900 and 100% in 1910.
BONDS.-$1,000.000 consols are held to retire \Ticks. de Meridian firsts.
EARNINGS.-12 mos.,11913-14
Gross, $1,830.544: net, $347,886
July 1 to June 30.
Gross, 1,861,937; net, 457,338
11912-13
REPORT.-Fiscal year ends June 30. Report, V. 97, p. 1499.
YearsGross.
Dividend.
Net Inc. Int.. &c. Bat, Sur.
1912-13
41.861.937 $489,232 $134,177 4355.055 (7%)$147.000
1911-12
1,605,190
388.802
(7%)147.000
130.773
258,029
-(V.93. p. 1188; V.95, p. 967. 1398; V.97.P• 1285.1499.)
ALASKA NORTHERN R AI LW AY.-Projected from Seward on south
coast of Alaska north to near Fairbanks. en Tanana River, 450 miles Of
this, 71miles from Seward north were in operation Sept. 1 1909. and 42 mile.
partly constructed. Projected 3Q miles to coal fields and 300 miles to
Iditarod gold fields. Successor to Alaska Cent.
foreclosed Oct. 11
1909. V. 89, p. 1140. 1222: V. 87. p. 281. In Nov.
Ry..
1912 control was sold
to a Canadian syndicate. V. 95, p. 1330. Stock auth., $30.000.000; outstanding,135,000.000. Bonds auth..$30,000.000; outstanding. $5.000.000.
Pres.& Gen. Mgr., W.E.Steven. Toronto, Can.-(V.96,9. 1771.
ALBANY & SUSQUEHANNA RR.-(See Map Delaware & Hudson.)ROAD.-Owns Albany to Binghamton, N. Y., 142 miles.
LEASED for term of charter. viz., 150 years from April 19 1851. to Del.&
Hudson Co.; rental was 9% per annum on stock (see guaranty, V. 56, p.
774), but the courts haying held that the stock is entitled to the benefit of
refunding effected in 1906, 4120.750 additional rental is paid in Jan,
yearly. begInning 1910. making 3.45% available for extra dividends on
the stock, but in Jan. 1914 20 cents was deducted for company's Federal income tax. A special dividend 01 30% ($1.050.000) was paid Nov.16 1909
from the proceeds of the judgment for back rentals due by reason of refunding. V. 89. p. 1141. 1666: V. 90. p. 913.
BONDS.-The bonds are guar. p. & I., and until April 1 1916 convertible into D. & H. stock-$500 stock for $1,000 bonds. Of the bonds
$3.556,000 had been converted to Oct. 1914. V. 80, p. 1174. 1362, 2342.
Form of guaranty. V. 82. p. 989
Pres., Arthur W.Butler; V.-Pres., Geo. Welwood Murray; Sec.& Tress.,
W. L. M. Phelps; Asst. See. & Treas., C. F. Coaney.-(V. 97.
p. 1820.)

8

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES.
IFor abbreviations. &c., see notes on first page)

Miles Date
Road Bonds

Alberta de at Wat-Ist 11 deb 17.400.000 ¢ gu text__
___
Algoma C & II Bay-let Mg gu red 105 text Usm.xo*
.-2d M gold $3,240,000
Usm ---Alg Cen Terminals let M g gu rd 105----Usm.xc*
--..
Equip bonds(A,B. C), due 1107,500 yrly red _---x
.-_
Algoma East Ry-man & No Sh 1st Mg gu red Usmzo•
--Sup Rolling Stk equip bds ser D due $20.000 yrly_x
_
Allegheny & Western-Stock 13.500.000)
di
First M 12.500,000 gold guar p & I (end).--0.x°'
62
Allegheny Valley-See Pennsylvania RR
Allentown Terminal-lst II guar p & I (end) g__Ce.xo*
3
Amador Central-let11 gold (27 at begins 1913)_ - z
13
Ann Arbor-First mtge 17.0007000 gold_ _--Mp.xc*
292
2-year g notes see by $1.500,000impt & ext bds_Em
.-Impt and eat 14 $10,000,000 gold
x
Equip bonds. ser A gold due 133.000 semi-ann_Bax
--do ser B g due 130,000 s-a red 10234 (V 92.p 59)xc
--Apalachicola Northern RR-First mtge 12,000,000 g_
102
Arizona Eastern-Gila Vail Cl & N let lid g gu_Mp_z
125
First refunding M sf
F csder
242
Arkansas Louisiana & (lull-let If $6.000,000 trold_x
143
Arkan & Mem Ry & Bridge-lst M $5,000,000_
Asheville & Spartanburg-See Southern By, Carolina Div.
Ashland Coal & Iron-Stock
First refunding mortgage 1400,000 gold
Nx
22
Atchison & Eastern Bridge-let ki get red at par_Cex
-Atch Top & Santa Fe Ry-Stock. coin 1350.000,000--Stock pref $131.486.000 5% non-cum
Chicago & St Louis 1st M ($10.000 p m) cur_ __F..za
141
Chicago Santa Fe & California let M g_BB.ze&r
439
General mortgage gold (see text)
Un.xc*der 8,547
Adjust Inc Id cum since July 1 1900 g_Ce.xo•der 8.547
do do interest stamped payable 31 & N
x 8,547
Eastern Oklahoma Div let M 110.000.000 g(Lac* &r
479
Transcon SL 1st M 130,000,000 g red 110O xo*&r*
693
Proposed new M on St L R M & P13,000.000 (text)
Bonds $49,711.000 cony corn stk red (text) 0.xe&r
-__
Bonds $26.056,000 red 110
11.xc• der Bonds 128,258,000 g cony coin stk red(tex)(LW &r
--Bds 143.686.000 g cony corn stk red(text)0.xo*&r*__
Hutchin & So 1st M g red 105 since 1908_011.zo*
i41

RR.




Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Par
Value

Amount
Outstanding

Rate
%

11.000
£100
EL
1100 da
5, £, deo
1£. &I,
5, £,&e
1100
1.000

$7,400.000
10,080,000
1,000,000
£1,027.300
1606.000
2,5C0,000
160.000
13.200.000
2,000.000

5g
bg
6g
5g
6g
5g
6g
8g
4 It

J & J Jan 1 1959
N Y. Montreal & London
J & D June 1 ow
Bk of Mont,Lon,M or T
M & S Sept 1 1964
F dr A Aug 1962
Corn Agcy. Lou & Mon
Various To May 15 1922 Maitland,Coppell&CoNY
Bk of Mont,Lon & NY
31 & S Mob 1 1961
II & N15 To May 15 1922 Maitland.Coppell&Co.
J & J July 1 1914 3% A Iselin 4000. New York
do
A & 0 Oct 1 1998
do

1889
1,000
1908
500
1895
1,000
1914
1.000
1911
1909
1.000
1911
1.000
1905
1.000
1894
1.000
1910 1,000 &c
1907
1.000

450,000
300.000
7,000,000
750,000
See text
330.000
390,000
2,000.000
1,494.000
7,000,000
1.230.000
See text

4g
bg
4g
6g
5g
5¢
5g
bg
5g
5
5g
5

Office. 437 Chestnut, Ph
I & 1 July 11910
Union Tr Co. San Fran
11 & N Nov 2 1938
Metropolitan Tr Co. N 'Y
Q---.1 July 1 1995
Empire Trust Co. N It
/1 & N May 1 1916
do
do
11 da N May 1 1941
31 & N To Nov 1 1919 Bankers Tr Co. N 'Y
J & J To Jan 1 1921 Empire Trust Co. N 3'
March 1913 coup last pd
Id & S Sept 5 1925
So Pao Co 165 Bway N Y
Af & N Nov 1 1924
M & N May 1 1950
In default.
J & J July 1 1957

1909
1910
1914
1912
11-12
1911
1912
,,,..,,,
item

1900
1898
---1885
1887
1895
1895
1895
1903
1908
1905
1907
1909
1910
1RAR

When
Payable

50
773,500 See text Q-M Sept25 19141% Check from Co's office
1.000
New York Trust Co. N If
300.000
4 g II & N May 1 1925
1.000
399.000
4 g J & J July 1 1928
Central Trust Co, N Y
100 196.195,000 6 in 1914 Q-M Dec 1'14 114% Checks mailed from N Y
100 114.173,730 5 in 1914 F & A Aug 1 1914 2%
do
do
1.000 1.500,000
6 cur M & S Mch 1 1915
5 Nassau Street, N Y
1.000 deo
560,000
do
5 g J & .1 Jan 1 1937
do
500 &t, 150.634.500
do
4 g A & 0 Oct 1 1995
do
500 deo 16,830,000
4g
do
Nov
do
July 1 1995
500 &o 34,516.000
do
4 ¢ If & N July 1 1995
do
1,000 &e 9.603.000
do
4 g If & S Moll 1 1928
do
1,000 &o 17.000,000
4 g .1 do 1 July 1 1958
do
do
See text
5
50 Years
1.000 &c 14,096,000
do
4 g J & D June 1 1955
do
1.000 dee 8,747.000
5 g 3 & D June 1 1917
do
do
1.000 deo 2,298.000
4 g J & D June 1 1955
do
do
1,000 Joe 27,403,000
do
4 g J & D June 1 1960
do
'Lim

ALBANY de VERMONT
-Owns road from Albany to Waterford Jct..
N. Y., 12 miles. Leased to Rensselaer & Saratoga in 1860 and now operated by Delaware & Hudson Co. Annual rental, 520.000.
ALBERTA & GREAT WATERWAYS RV.-To extend from Edmonton, Alberta, Canada. northeasterly to a point at or near Fort McMurray
and from a point near the western end of Lac La Biche to the eastern
end
thereof, a total of about 350 miles. On Sept. 15 1914 grading had been
completed from Edmonton to Lac la Biche, 130 miles. First M.debenture
64, guar. by Prov. of Alberta, and issuable at $20,000 per m., and $400,000
for Edmonton terminals; Standard Tr. Co. of Winnipeg, trustee. Redeemable, all or any, beginning Jan. 1 1919 at 11234. In Nov. 1909 $7,400,000
were sold In London. V. 89, p. 1346; V. 90, p. 558. In Sept. 1913.after
a dispute with the former holders of the concession, a new arrangement
was made with J. D. McArthur to take over the project and construct the
road. V. 97. p. 886. Pres., J. D. McArthur, Winnipeg.-(V.97,13.886J
ALGOMA CENTRAL de HUDSON BAY RY.-Owns from Sault Ste.
Marie. Ont..and MicWpicoten Harbor to a connection with the Can. Northern By.. 272 miles; branch to Helen Mine, 12 m.; extension to Hearst on
Grand Trunk Pacific By.,50 miles. completed Sept. 1914; total 334 miles.
V.95,p.748, 1540; V. 99, p. 814. Cash subsidy, 16.400 per mile. Land
grant, 1,655,000 acres.
Owns stock of and leases for 999 years Algoma Central Terminals. Ltd..
rental covering interest and from July 1918 1% sinking fund on 1st M.; the
bonds are guaranteed, prin. & Int.. by Lake Superior Corp. Present issue
(limited to 15,000,000) is secured on terminal properties and the 1900,000
let M. 5% bonds and 199.300 stock of Algoma Eastern Terminals, Ltd.
V.95, p. 1540; V. 96, p.651. 1020, 1491; V. 99, p. 268, 536.
Stock, common, 15.000.000. all owned by Lake Superior Corporation.
which guarantees the 5% bonds (see table above), to be issued at 130.000 per
mile. Pref. stock, 5% non-cum., $5,000,000. The stockholders Sept. 16
1914 authorized an issue of not exceeding $,3,240,000 2d M. bonds. V. 09.
p. 536, 1213. 1st M. bonds Fee V.91, p. 93, 1159. 1327. 1573; V.97.p.666.
Equipment bonds, V. £2. p. 1635; V. 94, p. 1382. Due Lake Sun. Corp.
for advances June 30 1914, $438,639. Year ending June 30 1914 (incl.
steamship line). gross. $957,399; net. 1234,185; other income, $40,615;
int. and rentals, /522.753; bal.,dot.,1247.953. Pres.,Thomas J. Kennedy.
Sault Ste. Marie, Ont.; V.-P's., W. K. Whigham, London; W. C. Franz.
Sault Ste. Marie, Ont.. and H. Coppell, New York, Sec., Thomas Gibson,
Toronto: Treas., James Hawson, Sault Ste. Marie, Ont.-(V. 99, p. 814,
1051, 1213.)
ALGOMA EASTERN RY.-Owns from Sudbury. Ont., to Little Current (Manitoulin Island) through nickel and copper districts. 86 m., completed Jan. 11913; branches, 3 m. Land grant 703.200 acres in Ontario
and cash subsidies from Prov.and Dom.of Can. V.92,p. 265; V.95, p.748.
j.e.ses for 999 years Algoma Eastern Terminals, Ltd., rental covering int.
and sink, fund on $900.000 1st M.5% bonds. See Algoma Central Terminals. Ltd.. mtge., V. 95. p. 1206. 1540.
Common stock, 12,000,000, all issued, and pref. 5% non-cum., 11,000,000, of which 1800,000 Issued, all owned by Lake Superior Corporation. Bonds auth.. 13,000,000 1st M.50-year gold 5s.i ssuable at $30.000
per mile, guaranteed. princ. and int.. by Lake Superior Corp. They are
subject to call as a whole at par or may be drawn at 105 from subsidies or
the proceeds of land sales. Subsidies and land sales may be used to make
good any deficiency in bond interest until March 1916. V. 92. p. 396. 462,
527. 1032; V. 93, p. 227. 406; V. 94. p. 1382.
Year ending Juno 30 1914, gross. $183.169; net, 73,110; other income,
$7; int. and rentals, 160.467; bal., our., $12,650. Pres., T. J. Kennedy,
Sault Ste. Marie, Out.; V.-Pres., J. Frater Taylor, Sault Ste. Marie, Ont.;
W. C. Franz. Sault Ste. Marie, Ont., and H. Coppell, New York; Sec..
Thomas Gibson, Toronto. Ont.; Treas., James Hawson, Sault Ste. Marie.
-(V. 94, p. 1382; V. 95, p. 748. 1206, 1540; V. 99, p. 814, 1051.)
ALLEGHENY & WESTERN RY.-(See Map Buff. Roch. tt. PUts.)Punxsutawney to Butler. Pa.,60 miles. An extension of Buffalo Rochester
& Pittsburgh, to which leased in perpetuity for guaranty of bonds and 6%on
stock. Uses Balt. & Ohio from Butler to New Castle and Pittsburgh under a
trackage arrangement, making in all 147 in. V.70. p.849.-(V.82. p.691.)
ALLENTOWN
-Topton to Kutztown, Pa., 4.39 m. Stock, 51.268.884 (par $50). Incl. $1.071.400 pledged under Reading
Co. gen.M. No bonds.
ALLENTOWN TERMINAL RR.-Owns 2.91 miles of railroad in Allentown. Pa., connecting the East Penn.(Phila. & Reading) with the Cent. of
N. J. Leased for 999 years to Phila. & Read. and Cent. of N. J.(by assignment from Lehigh Coal de Navigation Co.) at interest on bonds
and 5% on
$450.000 stock (par 150). and taxes, bonds being guar., prin.
and interest,
by Phila. & Read.RR. Co. (foreclosed) and Lehigh Coal & Navigation.
AM A DOR CENTRAL R R.-Ione to Martell. Cal.. 12 m.Stock, $400.000:
par. $100. Mortgage, see V. 88. p. 156. Year end. June 30 1913.
gross,
199.955; net. 145.549: int. & taxes, $19,500; extraordinary, $10,957; bal..
sue.. 115.092. Divs. 1911-12. 62-3%,$25,000 from accum. surplus.
Pres.. F.J. Solinsky,San Francisco. Office Martell Cal.-(V.88.p.
156.
ANN ARBOR RR.-Owns from Toledo. O..to Frankfort,on Lake Mich..
292 miles; operates car ferries between Frankfort, Mich., Kewaunee and
Manitowoc. Wis., and Menominee and Manistique. Mich. Wabash and
Pere Marquette use Toledo terminals.
Entire cap, stook of klanistique & Lake Superior,
Mich.. to
Evelyn. 42 m.(with branch. 13 m.) was purchased in Manistique,
1911. V.92. p. 1108.
STOCK.. &c.-Common. $3,250.000; pref., $4.000.000: 5% non
-cum..
par $100. 1 ref, stook cert.. see issue Oct. 30 1897. p. 3. V. 94, p.
205.
The Ann Arbor Co. was Incorporated Jan. 5 1911 as a holding company
with $7,250,0410 auth. stock, of which 14.000.000 pref. and $3,250,000
common (par $100). the stock being offered, share for share, for the Ann
Arbor RR. stock (incl. the 53.001.000 common and $2.190,000 pref. bid in
at auction by Ramsey committee Nov. 251910,) In Apr111911 $2,971,900
ortt. and 12.158.200 com. had been exchanged. V. 92. p. 59. 116. 321.
BONDS.-In May 1914 $750,000 b% gold notes were sold, secured by
depositof 11.500.000 'mot. and extension 5% bonds of an issue limited to
510.000.000. to be a first lien on $400,000 of new equipment and a second

RR.

[VOL. xcuc.

109 0011

It ts,

T

A.

1 Tan

1 1000

An

An

den on entire road, with all other equipment,&c.,to retire $600,000 notes and
reimburse treasury for improvements. V. 98, p. 1154, 1243, 1315. 1391.
EARNINGS.-2 mos..11914
Gross, $408,793; net, $142,477
July 1 to Aug. 27.
Gross, 410.119: net, 132.475
11913
ANNUAL REPORT for 1912-13 was in V. 98, p. 1309.
Year ending June 30- 1913-14
191011.
1911-12.
1912-13.
Gross earnings
$2,096,169 $2,072,697 $2,120,384 11,034,616
Net,after taxes
453,236
525,430
461,511
473,038
Net income
506,074
576,656
499,761
524,685
Int., hire equip.,&c
342.928
398.372
369,342
418,767
3163,146
Balance, surplus
$180,284
1155.343
$80,994
DIRECTORS.-Newman Erb, H. I. Miller, H. H. Harrison, F. K.
Curtis, A. W. Towsley, W. J. Wollman, Leroy W. Baldwin. E. S. Lyon
and Frederick Hertenstein. Pros. 'Newman Erb.; V.-P. & Gen. Mgr.
A. W. Towsley; V.-P., H. H. Harrison
and H. I. Miller; Treas., Jesse*
'
Mayer; Sec., H. B. Blanchard.-(V. 98, P. 1391.)
APALACHICOLA NOR. RR.-ARIZONA EASTERN RR.-See P. 140.
ARKANSAS LOUISIANA & GULF RV.-Monroe to Hamburg. La., and
Crossett,Ark., 6134 miles. On May 29 1913 James M.Parker was appointed
receiver. V. 96. p. 1627. Foreclosure sale postponed from June 10 1914.
V. 98, p. 1391. 1918. Stock authorized, $3,000,000; out Oct. 1913,
$1.231,000. Bonds ($6,000,000 auth. issue). Colorado Title & Trust Co.
of Colorado Springs, Col.. trustee. V. 86. P. 106. For year end. June 30
1914, gross, 193,564; op. def., after taxes, $46,416. In 1912-13. gross.
$100.363; op. def., after taxes,$38,487; bond int.,156,244: other charges,
$10,775; bal., def., /105.501. Pres., Alfred Cowles. Chicago.-(V. 98.
p. 1918.)
ARKANSAS fc MEMPHIS RAILWAY. BRIDGE & TERMINAL CO.
-Has under contruction a double-track bridge across the Mississippi River
at Memphis, Tenn. expected to be completed in fall of 1915. Stock
authorized, 1100.000% of which 110,200 is paid in, equally owned by the
St. Louis Southwestern By., Chicago Rock Island & Pacific By. and St.
Louis Iron Mountain & Southern By., which use the road under a 50-year
operating agreement and guarantee the 1st M.5% bonds ($5,000,000 authorized issue), principal and interest. Notes. 12,000„000 due Oct. 17 1914
were extended for a time. V.99, p. 1213.-(V. 99. p.968,985, 1120.1213.)
ARKANSAS OKLA. 40 WESTERN RR.-See Kan. City & Mom. By.
ASHLAND COAL & IRON RY.-(V.99.p. 814.)
ATCHISON & EASTERN BRIDGE.-Owna railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used by the Atch.
Top. & Santa Fe, the Chic. R.I. & P.. the Mo. Pao. and the Chic. Burl. &
Quincy. Stock, $700.000; par. $100 per share. Pres. and Treas., H. P.
Eels. Cleveland. 0.-V.67. p. 578.)
(THE) ATCHISON TOPEKA & SANTA FE RV,-(See Map.)-The system operated July 1 1914 comprised 10.961 miles of railroad andembraced
an unbroken line of track from Chicago, Iii.. via Kansas city, Mo.. and Albuquerque, N. If., to the Pacific Ocean; also to Galveston, Tex., and the
Gulf of Mexico. For operating purposes the 10,771 m.were divided as follows.
Atchison Topeka & S. F--8,339.72 Texas & Gulf By
125.49
Rio Grande & El Paso
20.22 Gulf & Inter-State fly.(V.91.
Gulf Colorado & Santa Fe-1.595.89
71.33
__
P.
Pecos & Nor. Texas Ry
569.79 Concho
588.1-.
San ;s;
§aba
Llano
Panhandle & Santa Fe
Val.
179.16
This 121 exclusive ot 39.26 miles of new mines completed on last-n5
Me
6d
3
a9
date, all of which was ready for operation on Oct. 1 1914. Also controls.
through ownership of securities or purchase contract other lines aggregating
228.92 miles and,jointly with other cos., 593.85 miles.
In Dee. 1911 sold to Southern Pacific Co. the line from Nogales to Guaymas.. Mex.. 263 miles. receiving In exchange the Southern Pacific line from
Mojave to the Needles; also sold to the Southern Pacific the Now Mexico &
Arizona RR., Benson, Ariz., to Nogales, Max.. 88 miles. The California
Arizona & Santa Fe R y, was incorporated in California with 150,000.000
authorized stock to take over the line from Mojave to the Needles and the
Atchison branch. from Cadiz, Cal.. to Wickenburg. Ariz. 195 miles. and
BONDS below.
See'
other lines in Southern California and Arizona
V.94.p.67. 486. 629; V. M.p. 543.
In 1900 acquired control of Gulf Beaumont & Kansas City and Gulf Beaumont & Great Northern, which are leased by Gulf Colorado & Santa Fe.
751:
lessee also of Cane Belt RR. and Jasper & Eastern By. V. 76, p.Iron
V.77. p. 1224. July! 1913 the Texas & Gulf leased the Port Bolivar
29.66
Ore Ry., Longview, Tex., north to end of track near Ore City.
Concho San
miles. V.97,i. 1285. On July 1 1914 the Gulf & Inter-State,Texas
south
Saba & Llano Valley,Texas gc Gulf and the Pecos & NorthernBy.
& Santa Fe
of Sweetwater were leased to the Gulf Colorado
being
operated
was
Pacific
By.
&
Mt.
Rocky
Louis
Sept.In
1914 the St.
from Des
under an option of purchase prior to July 1 1915. extending
the Atchison. 106 miles, or $3,000,000
Moines, N. M., west to Raton, on
payable
as
of
Aug.
1 1913
roadfurchased.
the
50-year 4% bonds secured on
L. R. M. & P. bonds had
and $50.000 cash. In Aug. 1914 94 o of St.
442;
V.
95,
363.
p.
543,
p.
1771;
V.
9
See
exchange.
consented to the
V. 97, p. 666.
Lehigh, Okla., to Chickasha, 128.45 miles.
The Oklahoma Central RR.,miles,
is leased for 5 years from Aug. 11914.
with branch, &c.. total 135.67
with privilege of renewal for 5 years, and an option to purchase the $1,500.bonds during lease. V. 98, p. 1844;
income
11,500,000
and
000 stock
V. 99. p. 406.
ORGANIZATION.-Organized Dec. 12 1895 under laws of Kansas, as
successor of Atch. Top. de S. Fe RR. Co., foreclosed. V. 60, P. 658.
The railway company in July 1914 owned in fee 7,158.06 miles of system.
and also all, or nearly all, the bonds and stocks of the other companies.
Has a joint interest with the Southern Pacific In the Northwestern Pacific.
STOCK.-The preferred stock has preference as to assets and non-cumulative 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. stook
can be made without consent of majority of all pref. outstanding and of an
corn. stock represented at a meeting. The total auth. amount of pref. ls

Glendlve

Belknap

GTO 1NJ

•i

Its

tigette

G

E
R
Oaklantr

-

a Cr.rlinsworth

nor Backe

Nofth Platte

Steele

A

\

Grand

13
Grime Set

Stockton
Utah
T1ntic
I
lph
Cherry Cree
l!'.m.
to
la city
Ban Ruby 11111
N CITr
v
LJ

Colby
kley

D AsTer

'Frisco

awiborne

CAN\

Parowan
Is

a
e.)‘"Z, a

Crescent

46
4

-v

Cangonville
he

4`'').$
)6'''''P

9

Delt

..248..e,
,
;
•tel.aol

C Z.LATON
ANARIE

1141,

en,
042 GU.
4)C,ARKDALE

f4.0*

•

....4
"
•.
...
I. ..,0

LINDSA

Zdausil
arta
0

Vn81
:7NONTO
TEmECULA
AnCnITA
,E6CONDIDO0b

AN

,S

4

T

Moldy

-

PALMS

Irfnid
u
&'"

an

'4
a:
:
yb-e:
:u
:
te :::";':'
Lioate
l::41
Sg u
t7rwil
B v...
;:112:1"
17.1

.tirapahoe.
e

.''.4
.

'S'

COMptto

ilitIcahoin

r

pciLl;11

Tus umhl

PEI atoll
rkansaa-C

-A813
1.140
ORn

,4
DAL-LA
Midlothian
arad-

LeEngn

,Morgan
a

e

MAP OF TUB

.4‘
sN2:ragd::

iAN

SANTA FE RAILWAY
SYSTE Nio

\fl

‘2,

ATCHISONr TOPEKA

krAcKSON0
lirevbAeLpeortIj
1 t tit aIt(4 Bute

atchlt
_______?_':
.
:
4ic f t

or

a




•:
ctio

'MEM 11111.111a.

5000

OCT., 1914.]

eclat

Harrington

NO').
Helen

sonthçi
)

hi 0,33, 01 p.4

•

ntpelrer

o

,
WSAN
F RA1101:60,76;
-1

ge ont

°Rosebud

0

,rpe, Cache Jc.

RAILWAY STOCKS AND BONDS

Mari to
Minne a a

Casper

Under o

UNION

Itreeburg
Klamtflh fakes
ahtnd

,eat T
r-L--2
1
;
2
ili
447
ormiiiizia
Spirit ake

hamberl In

9

N

0

53•wa
Mt °Nue
Prentice

Gettysbt

B1 ngs
Virg!
,(it CI
.d Lodia
bt .t.ir Re
z
Dillon
ellocosto
Rh ridan
a tiofial
h
'Park

44e.

rlo

NCLty

0

Baker Cy.

flakier

Zi
.
t.o6

Rosebud

Callen

30

BISMARC
H

Seattle

SALEM
litany

Medora

Flanders I

Aainna
bastla
Guaym

Spoffor

Coneenchgn

AUSTIN
,

Eagle Pass

0

1:.%(_
.-,,, ,,,.....----lk • ::
,y
:
Pa
gp
:
,
ro
o,t
,0,...
yAi---1,. b'ne:
--........,...
-7
...........
'
„---

Alamos
Jtmortez
o Sinaloa
Montere
o Chino

Ln10N
p.

C.

alt .sbiirh
d a sATON R• G Me I
L.
es
:
:
PIou*
:
s'
as. N A
NI":
Alea

Torreon

San Miguel

i0

RAILWAY STOCKS AND BONDS

[VOL. xclx.

Miles Dale
Par
Amount
RAILROAD COMPANIES.
Rate
When
Last Dividend Places Where Interest and
Road Bonds
Value Outstanding
%
Payable and Maturity
IFor abbreviations, &c.. see notes on irst page.]
Dividends are Payable
-ktch T Se S F (Con.)875 1896
51.000 56 000.000
5g
A & 0 Oct I 1940
-,an Fr & San Jo Val 1st Mg call 110 aft 1915- Ba.zc
5 Nassau Street. N Y
195 1892
¢ fla.ze•
1.000 4.940.000
5 rt M & S Sept 1 1942
qanta Fe Pres & Phoenix-lst M
do
do
Ce.ze*
26 1898
1,000
224.000
5g
A & 0 Apr 1 1928
Pres & E 1st M guar
Central Trust Co. N 9
834 1912
$ & .e 18 294.828
Cal-Ar L Istecref M 550,000.000 g red 110.0.xe&r•
454 g M & S Mch 1 1962
5 Nassau St, New York
-_- 1907
2110.000
1.000
5 g .7 & .7 July 1 1937
Athens Terminal Co-1st M gold redeem 105. _Noce
New York Trust Co. Isi It
Atlanta Birm & Atlantic--Stock (S10,000.000 pref)100 40,000.000
OB.xc*
;13
7 WA
1.000 4.15441,0no
Atlanta & Birm Ry let M red 110
i g J & J Jan 1 1934
Old Colony Trust Co. bop
1914
New Atlanta Birm & Atlantic Ry mortgage
3.000,000
5
Ear
Equip bonds due $60,000semi.annuany
--- 1906
1.000
240.000
b
M & N May'15-Nov'16 Nov 1914 coupon paid
1907
Equip bonds Ser B (V 85. P 39) due $86.000 s-a__th
1.000
516.000
5
.1 & J Jan '15 July '17 July 1914 coupon paid
2e . .
100 1.7110.000 See text M & S See text
Atlanta & Charlotte Air Line-Stock (see text)_
U 5 Mtge & 'Cr Co. NY
Ce.ye*Arr*
263 1914 1,000 &c 5,500.000
1st M $20,000,000
.7 & J July 1 1944
43
Central Trust Co. N Y
Atlanta Knoxville & Northern R v-See Louisville & N ashvili a
82 1908
1.000
AU & St And Bay-lst M 5500,000 g red par____c*
425,000
6 it A & 0 Oct 1 1938
Guar Tr Co, NY,& Atl
Second mtge ($500,000 authorized)
82
425,000
Jan 1 1914
Atlanta Terminal-First mtge 51.500,000 g__(.1.xo•&r 4.46 1903
1.000 1.500.000
4 ¢ J & I) June 1 1953
Guaranty Trust Co, NY
Atlanta & West Point-Stock 52.500.000 auth
93 - „
100 2.463,600 6 in 1914 J & .1 July 1 1914 3% Atlanta, Ga
Atlantic City-First Mtge 52.200.000 gold_ _13uP.xc*
83 1889
1.000 2.200.000
5 g 1a & N May 1 1919
Reading
Terminal. Phil&
1.000
___ 1900
Atlantic City purchase money real estate mtge_OPx
75.000
4)4 A & 0 Apr 1 1930
do
do
Sea Coast prior lien mortgage gold
x
66 1898
350.000
5 g A & 0 Apr 1 1948
do
do
(1Px All
1st eons M 54,500.000 gold guar
1901
1.000 1.851,000
4 g J & .1 July 1 1951
do
do
___ ___ _
Atlantic Coast Line Co (Conn)-Stock (see text)____
50 8.820,000 12 in '13 Q-M Sept 10 '14 3% Baltimore
Certfs of indebt Inc non-cum $5,000,000_ SBa.zr
___ 1897
100 4ce 5.000.000
5 our J & D Irredeemable
June 1914,24%
do Class B red 105 after Nov 1920(V 89,p1666)z
--- 1900
100 Ac
61.800
4
.7 & J
In 1914 paid 4%
z
do redeemable at par since 1910
-__ 1935
100 ¢ce 3.000.000
4
.7 & J Jan 1 1925
In 1914 paid
-Stock
common
(text)
Atlantic Coast Line RR
100 67.558.000 7 in 1914.7 & J July'10 1914'3 4 Trees Office. 4%
Wilm, N 0
Class"A" corn stock tax exempt (Rich & Pet cents)
-__ ____
100 1.000.0007 in 1914.7 & .7 July'10 1914 34
do
do
Preferred stock 5% (V. 75, p. 1252)
100
198.5005 In 1914 M Ai N Nov10 1914 2I4
do
do
Coil tr M gold secured by 1.. & N stk red 105.xc*&r*
_
1902 1.000 &e 35.000.000
4 g M .: N Oct 1 1952
J• P Morgan & Co. NY
unified mortgage cold $200.000.000 auth_ seller* 4.221 1909
1.000 See text
4f 7 6.1 I) flee 1 1959
Tinned
Co,
States
Nv
Tr
Gen unified M $200,000.000 gold
Us.c*&r* 4,298 1914 1,000 Ac See text See text J & D June 1 1964
United States Tr Co,NY
Cony debs $23.562.500 red 105 after May'16 SBa.xr
-- 1909
WO .1c 4,482.935
4
M & N Nov 1 1939
Safe Deco & Tr Co. Balt°
Wash 8. Van 1st m 51.500.000 g gu p & I.Slia.xe•
40 1907
1.000
720,000
4)4 g F & A Feb 1 1947
Ti S Tr Co. NY & Salto
WInst-Salem So'bd let M $5,000.0003 gu.Us.xe&r•
89 1910
1.000 5.000.000
4 g J & .1 July 1 1960
United States Tr Co, N Y
Equip trust bonds gold $225.000 due s-a_SBa.xe
1907
1,000 1,125 000
4 g M & S To Mch 1 1917 17 S Tr Co. DI Y. & Balto
ser B gold 5125.000 due s-a
do
SBax
--- 1911
1.000 1.875.000
4)4 g J & D To Deo 1 1921
do
do
Bonds to be Refunded by Unified 4sFirst cons (1st Mon 1,020 miles) closed_..F.xc*Str* 3,947 1902 1.000 Ac 51.251.000
4 g M & S July 1 1952
United
Co.
States
NV
Tr
Certificates of indebtedness (new)
z
1902
100 Oce
232,900
4
M & N Irredeemable
Trees Office. Wilm, N 0
North East(SC) cons M gold Flor to Charleston re
102 1883
1.000
657,000
6 g 3 to J Jan 1 1933
United States Tr Co. N Y
5131.486.000. of which 510.800.000 reserved to acquire other lines (V. 93,
Committees Representing Securities of Old Companies. etc.
p. 526. 406): also $6.486.470 In special trust for Improvements, extensions.
Receivers' Certifs. Protective Committee.-George C. Clark Jr. Chairman:
&c. Pref. stock cud's. in "Supplement" of April 1897, p. 3.
G.E. Warren,60 Broadway,Sec. Over 80% of the 54,700,000.certificates
deposited with Colum.-Knick. Tr. Co., N.Y.,depositary. V.98. p. 1534.
DIVS.- '00. '01. '02-'05. '06. '07. '08. '09. '10 to '13.
1914.
1243, 1691, V. 96. p. 134, 1838: V. 89. p. 40, 102.
Corn.(%)-- 0
3% 4 yrly. 4% 6
5
5% 6 yrly.
General Committee.-Edwin S. Marston (Chairman), Frederick Ayer,
Pref. (%)_.. 4
5
5 91'17. 5
5
5
5
5
5 yrly.
Samuel Carr and John I. Waterbury. Depositaries, Bankers Trust Co.,
BONDS.-The Gen. Mort. (Abstract V. 62. p. 731-739; see also V. 68, N. Y., and Old Colony Trust Co.. Boston. V. 88. p. 1196: V.90. p. 235;
p.974; V.86. p.1098) gives alien, elther by direct mortgage or by collate!al V. 92. p. 116, 1563; V. 94, p.1248. The committee issued a plan of reorganization dated March 21 1914 (V. 98, p. 1067. 1070. 1091). which was
trust. on 8,547.02 m. of the system, with equip., terminals. &c.
The unissued Gen. M.48 were in 1914 reserved as follows: To retire car halted by a decline in earnings,but, having purchased the property at foretrusts. 52.339,383, and underlying bonds, $2,004.960; for impta.. &c.. $I. closure sale, proposes eventually to effect a reorganization. V.98, p. 1918;
V. 99, p. 536.
852.102: acquisitions of other lines. 56.731.554.
Adjust. (Income) Mtge. abstract. V. 62. p. 739. Int. payable only if
SECURITIES.-The Georgia RR. Comm. in Aug. 1914 authorized the
earned up to 4% in deco year, cumulative. Present Issue limited to $51.- Railway (new co.) to issue
corn, and $10,000,030 pref. stock
728,000, but when the S30.000.000 gen. 4s auth.for improvements as above (par $100), and 53.000.000 530.000,000
5% bonds. V. 99, p. 536. 673.
tar
have been issued. 520,000.000 additional adjustment 48 may be issued for
col
Particulars Regarding Obligations Prior to Foreclosure.
the same purpose at not exceeding 52.000.000 in any one year, but only by
As to Atlanta & Birmingham Ey., $4,090,000 1st M. 5s (undisturbed
a majority vote of the adjustment bondholders. Interest-In Nov. 1897 by foreclosure). see V. 80. p. 710. 115.
paid 3%;since. full 4% yearly.
Of the 54 of 1906 (mortgage foreclosed),514,185,000 were issued, of which
Eastern Oklahoma division 48 of 1903. V. 76, p. 434; V. 79, p. 1331: 85.005,000 were deposited under collateral trust notes.
V.84. p. 1549; V.85. p. 598: V. 86. p. 980. 1041.
The 55,761.000 collateral trust 5% notes (V. 90. p. 1237, 1295: V. 94. p.
The 'Trans-Continental Short Line" first gold 48 of 1908 are limited to 1248) were a joint obligation of railroad and Atlantic & Birmingham
$30.000.000 auth. issue. The 517,000,000 sold in Aug. 1908 covered 693 Construction Co. The Interest until payment thereof is guaranteed by the
miles then In operation; the remaining $13,000.000 can be Issued at 525,000 shareholders of the construction company or the syndicate raising $800,000
per mile. On June 30 1914 there were in operation 1,110.78 miles. compris- cash for the plan. They were secured by deposit of 55,005,000 Atl. Birm. &
ing the line from Amarillo, Tex.. to Beim. N. M.. 343.15 miles; Clovis, Atlantic 1st M. bonds and $5,600,000 pref. and $17,000.000 corn, stock of
N. M., to Pecos. Tex..1271.43 m.;Canyon City Jct.,Tex., to Coleman,ITex.. the railroad. $4,000,000 Woodward Iron Co. common stock and the $1.288.37 miles. and branches aggregating 207.8.3 miles. V.87.D.479. 878.
100,000 stock and $1,000,000 bonds of Brunswick SS. Co.. the last-menThe 48 of 1905 (549.711.000 auth. Issue) are convertible into corn. stock tioned being guaranteed by Atlantic Gulf & West Incites SS. Co., which in
at par till June 1 1918. V. 79. ro 2695: V. 80 p. 649; V. 81, p. 1174; 1910 purchased the five boats owned. V. 82. p. 1267: V. 83. p. 35, 1290:
V. 82, p. 391, 867. Of the 526.050005s issued In 1907.convertibleatpar V. 84, p. 270; V. 85. p. 1404: V.88, p. 451. 503: V. 94, p. 412, 766, 1059,
to June 1 1913. $17,309,000 have been exchanged. V.84. p. 1051, 1112: 1248. As extended they mature May 1 1915. Other notes, V. 95. p. 681.
V. 85. p. 97. 283, 529. The $28.258,000 4s of 1909 are convertible into
The Georgia Terminal Co. and Alabama Terminal RR. (foreclosed) had
common stock at par to June 11918. V.88, p. 1435. 1559. The 543.686.- bonded debts of $3,000,000 and $2,445,000. V. 84, p. 1427, 1551: V._ 85.
000 4s of 1910 are convertible into cont, stock at par,since June 1 1913. P.470. 1204: V.88.p. 156.227,451.503,563: V.91,p.465: V.93,p.1323.
prior to June 11923. V. 90. p. 913. 1043. 1612: V.92. p. 393. 593. 1700.
Gross.$504.406: net. 889.011
LATEST EARNINGS.-11914
The several Issues of convertibles must be secured by any future mtge.
Gross, 516.819; net, 75,151
31.11913
covering the lines owned at time the convertible issue was made, and may 2 mos.. July 1 to Aug.
In 1913-14, gross. $3,390,360; net, $632,407. In 1912-13, gross,
be called at 110 on any Interest day, but when called may be converted
$3,243,046; net, $566,301; other income, $51,219: interest, taxes. &c.,
Into stock provided the time for conversion has not expired.
$1,457,675; bal., def.. $840.154. In 1911-12, gross, $3.246,302, against
The California-Arizona Lined 1st and ref.
01 1912(550.000.000 auth. $2,810,410 In 1910-11: net. $676.825, against $662,593: other income, $36,Issue. of which $18.300,000 4)4s were sold mtge.
Mch. 1912) covers 834 miles 654; taxes, $173,500.
of road, Including the line from Needles toinMojave.
242 miles, which was
Pres., E. T. Lamb,Atlanta, Ga..• V.-P., Brooks Morgan; Sec. & Treas.,
acquired from the Southern Pacific
on which there are outstanding Floyd K. Mays.-(V. 99. p. 195, 536, 673, 968.)
$4,127.500 Sou. Pac, bonds due Nov.
1
Co..
1937.
The
latter
also cover over
1.000 miles of Sou. Pee. Co., which has agreed to
ATLANTA & CHARLOTTE AIR LINE RY.-(See Map Southern Railway
& Santa Fe Ry. against any claim on account indemnify the Cal. Ariz.
thereof.
System.)-Owns Charlotte, N. C., to Armour. Ga.. 263 miles.
Of the remaining Cal.-Ariz. bonds. 526.533.010
are
stockholders on June 2 1914 voted (I) to authorize a first mortgage to
issuable
The
for
not
exceeding the actual cash expenditures for betterments,
improvements and secure an issue of 320,000.000 30-year gold bonds to be issued in lettered
additions on and after Jan. 1 1912 and $5.167.000 are
reserved
to
to bear not over 5% int., of which $5,500,000 Ser. A 4;4s have
refund
and
the
series
unaenying bonds. $4.940,000 Santa Fe Prescott &
Phoenix 5s. $224,000 been sold to retire the $5,500.000 bonds held by trustee of Southern Ry. 1st
Prescott & Eastern 5s and $3,000 on the
from Goffs to Ivanpah. Cal.. consol. M. and the remaining $14,500,000 reserved to double-track road
45 miles. V.94, p. 649. 696, 766; V.95.line
p. 543.
and improve the same; and (2) to modify the operating contract made with
LATEST EARNINGS.-1 1914_ .._Gross,
& Danville RR. under which the dividend to be paid will be
$19,775,731; net, $7,187,364 the Richmond
2 mos., July 1 to Aug.
yearly without regard to earnings, instead of a maximum of 7%, de9%
- _Gross, 18,874.941; net, 6.147.300
For 2 mos. of 1914, balance
pendent upon gross earnings, in consideration of which the Southern RS'.
31.11913aftertaxes. $6,266,837, agst. 55.271,579.
or its nominee shall have an option to purchase the stock on any dividend
REPORT.-Annual meeting fourth Thursday in October.
Report for date at $250 per share in cash. See V. 98, p. 1458, 1765, 1918; V. 98. p.
year ending June 30 1914 was given in V.
99. p. 1045. 1062; edit., p. 1013. 1991: V. 99. p 195, 536, 608.
DIVS.- 11881 to '89. 1890 '91 to Mar.'01. Sept.'01 to Mar.'14. Since.
1913-14.
1912.713.
1911-12.
Average miles operated
9 yrly.
10,909
6 yearly.
5%
10,750
10,628 Per cent_ f 5 yearly.
Operating revenues
Year ending June 30 1914 (partly est.). $5,676,7?
$111,109,770
ly
e.
t, after taxes.
; rn
7 :Tea
13118.896,252
107.752,360
Operating expenses
73.469,334
77,642.535
71.273.203 52.198,660: other income. $11,565; int., hire of equip. &c., $1.115.400;
Taxes
5.525,585
4,662,152
4.206.454 drys. (7%). 5119,000; additions and betterments, $1i.202: bal., sur..
$964.623. V. 98, p. 1991.
Operating Income
$32,114,850 $34,591.565 $32,272.703
Pres., C. S. Fairchild, N. Y.-(V.99, p. 195, 536,608.)
Other income
2,174.354
2.515.624
2,569,068
ATLANTA & ST. ANDREWS BAY R Y.-Owns from Dothan, Ala., to
Panama
City, Fla., on St. Andrews Bay, Gulf of Mexico, 82 miles; opened
Total Income
$34,289,204 537.107.189 $34.842,671 July 15 1908.
Stock authorized, 51.000.000; outstanding. $300.000; par,
Interest on bonds
$12.886,412 513,825,325 $13 660 859 $100.
Central Trust & Banking Corp. of Atlanta is mortgage trustee. V.
Hire of equipment, rentals, &o
1.283.034
1.599.960
98.
1'918'530
p.
1391.
1460;
Dividends on pref. stock (5%)
V.88, p. 685; V.83. p. 270. For 8 mos. ending Feb. 28
5.708,890
5.708,690
5'708'690 1914. gross. $165,730. agst. $158,453 In 1912-13; net, after taxes. $68,897,
Dividends on corn. stock (6%)._. 11.691.750
10,398.780
10:168:185
Additions and betterments
endigyar
2,719.318
5.574.434
3.300,000
$V
Pres, A!Br.
77.
89
01
nLin V? 1
2:S.
rcirf
Purvis, Dothan, Ala.-(V. 98. p. 1535.)
Balance. surplus
$86.406
ATLANTA
TERMINAL
OFFICERS.-Chairman of Executive Comm.. Walker D. Hines; E. P. May
CO.-Owns union passenger station opened
14
1905, with approaches,
by Southern By.. Central of Georgia
Ripley. President: D. L. Gallup. Como.: C. K. Cooper. Asst. Treas,
Ry., Atlanta & West Point RR.used
and Atlanta Birmingham & Atlantic Ry.
Directors.-Charles Steele, Edward J. BerwIncl, A.D.Juilllard, H. Rie- Stock, $150,000, owned in equal
by the first three companies
man Duval, Thomas P. Fowler, Walker D. Hines, Henry S. Pritchett,
named,charges and expenses lacingproportions
on car
N. Y.; T. De Witt Cuyler, Phila.; John G. McCullouch. Vermont; B. P. basis. V. 76, p. 593, 1394: V. 77.paid by the four using companies
p. 699: V. 88, p. 1106.
Cheney, Boston: Edward P. Ripley, Chicago; Andrew C. Jobes,Wichita,
ATLANTA
&
WEST
POINT
Ga.,
Point.
RP.
-Atlanta,
West
Ga.,
to
Kan.; Howel Jones, Charles S. Gleed, Topeka: H. C. Frick, Pittsburgh. 92.99 in. Georgia
RR. Men,31 1910 owned 5936,100 stock. but sold same
Office, 5 Nassau St.. N.Y.-(V.99, p. 47. 195, 406. 814, 894,1045.1062.) in 1910-11 to the lessees
at $135 oer share. with the option of purchase at
same price on expiration of lease.
Operates Atlanta Belt Line. 5
ATHENS TERMINAL CO.-Owns freight terminals and approaches In
miles:
Athens, Ga. Stock 525.000, equally owned by Seaboard Air Line and through ownership of entire capital stock. V.71,p.963,;V. 73,p.1354.
-From July 1 1884 to July 1901, Inclusive, 6% Yearly.
Gainesville Midland, which agree to pay operating expenses and interest J.DIVIDENDS.
&
J.;
Oct.
1
1899,
26%
extra:
charges in proportion to tonnage use. Bonds ($250,000 auth, Issue), see
to July 1914,6% yearly.
In 1913-14, gross, $1,277,668; 1902
net, after taxes. $231.888; other income.
table above. Pres., W. R. Beauprle, Gainesville, Ga.; Sea. & Treas.,
$76.993; charges,852.730: diva.,8147,756:sur.,
Gordon C. Carson. Savannah, Ga.
8107.695.-(V. 934).11044
ATLANTIC CITY RR.-Camden to Atlantic CI,57 m.(double track)j
ATLANTA BIRMINGHAM & ATLANTIC RY.-Owns Brunswick. Ga.. branches. Winslow Junction
to
Cape
May. N. J., 4 m.• Williamstown, 23
to Birmingham. Ala.. 453 miles; Sessoms to Waycross. Ga.. 25 miles; m.; Gloucester, 11 m.;Sea
City, 32 m.: Ocean City, 10
. m.; total. 167 rn.
Fitzgerald to Thomasville. Ga., 81 m.; Atlanta to Manchester, 76 m.; V. 72. p. 1278. STOCK.Isle
corn..
52,625.000;
pref., $1,000.000 (par, 550).
Pyriton to Ashland. 7 m.: trackage In Atlanta, &c., 3 m.: total, 645 miles. Reading Co. owns over 99% of
stook. and guarantees consol. 45, jurin, and
Incorporated in Aug. 1914 as successor of the Atlanta Birmingham & int. Form of guaranty, V. 75.
Atlantic RR., Georgia Terminal Co.and Alabama Terminal RR.,foreclosed reserved to retire prior lien bonds.p. 1398. Of the latter, $2.650,000 are
See V. 73,
81. There are also outJune Sand June 6 1914. V. 99, p. 536,968.
standing 522.800 Searoast RR. series A 54 andP.
$2,617 series B 55.




___

00T.

1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES.
(For abbreviations. &c.. see notes on first page-)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

11
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

Atl Coast Line RR (Concl)81.000 45.547.000
4 g J & .1 July 1 1948
696 1898
Safe Dep & Tr Co. Balto
Atlantic C L of SC gen 1st MUM on 594 migSBazo*
1,000
868,000
5 g J & J July 1 1926
z
68 1881
Meron Nat Bk. Iticti'd.Va
Petersburg M class A gold
800.000
6 g A & 0 Oct 1 1926
1.000
68 1881
do
do
do
do
class B g (Petersburg to Weldon) _z
340.500 8 & 7 M & N May 1 1915
500 &c
22 1875
z
March Nat Bk.Rieh'&116
Richmond & Petersburg 1st M ($24,500 are 7tO
1.000
4(4 g A & 0 Apr 1 1940
27 1890
300.000
Brown Brothers. NY
Consol M g (Richmond to Petersburg. &c)-Ce.xc•
1,000 4.000.000 4 g & 5 g I & .1 July 1 1935
479 1885
First Nat Bk. NY. &Balt
Wilm & Weldon gen M ($938.000 are 4s) g-SBa.z0
106,000
LOW
4 g F & A Aug 1 1947
90 1897
Safe Dep & Tr Co. Bait
Wilmington & New Bern 1st M gold assum.SBa.z
1,000 1,320,000
5 ¢ A & 0 Apr 1 1939
110 1889
Central Trust Co, N Y
Nor & Car 1st M gold (p Pt Va to Tar. N C)_Ce.ze•
5 g I & J Jan 1 1948
400.000
1.000
110 1896
SBa.rc•
Safe Dep & Tr Co. Halt
Second mortgage gold
547 1884
1,000 6,500.000 5 it & 8 g A & 0 Apr 1 1934
United States'Tr Co. NY
Say Fla & W 1st M ¢ ($2.444,000 are 5s) _Mp.xco &r
1.000 1,500.000
Ill 1886
7 g J & .1 Jan 1 1936
do
do
Charleston & Savannah gen mtge gold_SBa.zo*
500
&c
169
1,407,000
1888
Ma.=
4
¢
.7
&
J
Jan
1
gu
Albany)g
do
1938
do
to
(Brunswick
Bruns de W 1st M
1.009 2.800.000
174 1888
p.xe
5 g M & N Nov I 1928
Metropolitan Tr Co. N Y
Alabama Midland Ist111 ¢(Bainb to Montg)_ _M
1.000 2.418,000
244 1895
AB.ze
4 ¢ .7 & J Jan 1 1945
United States Tr Co. NT
Florida So jet M gold
PePx
145 1894
1.000
275.000
4 g J & .7 Jan 1 1924
do
do
Sanford & St Petersburg first mtge gold
z
4 1877
33.500
8
J & J Jan 1 1915
People's Bk. Chast'n,S CI
Ashley River first mortgage
64 1888
1.000
492.000
4 g .1 & .1 July 1 1918
United States'Fr Co. NY
sn Sp .;) & 0 1st m gold (Cicala to /ny & br)-Eq.xc*
278 1900
1.000 3.925.000
g Int rent_Baxc•
4 ¢ I & d July 1 1948
Bankers Trust Co. DI Y
Atlantic & Danv-lst M 14.425.000
Eq.xes
278 1904
1.000 1,525.000
4 ¢ J & .1 July 1 1948
Equitable Trust Co
Second mort $1.525.000 gold int rental
100 1.797.200 See text Semi-an July 1 1914 1(4 Cheek from Co's Office
Atlantic & North Carolina-Stock 11.800.000
95 1887
MeBa
1.000
325,000
6
J & J July 1 1917
Nat Mechanics' Bk. Bait
First mortgage $325.000
167 ____ £ & $100 5,484.000
6
M & S Sept 1914 3% London and Portland
Atlantic & St Lawrence-Stock 6% rental Grand Tr'k
500 &c
300.000
5 g M & N May I 1952
Fidelity Tr Co. Bait
Atian & West'n---istM $1.500.000g red 105.FBaxxc* 25(4 1912
rental
Central
of
-Stock
-5%
Ga
100
53
1.022.900
5
J & J July 6 1914 234 Savannah, Ga
Augusta & Savannah
1.000
400.000
Augusta Southern-First consol mtge gold_ _ _ _Ce.xc 82(4 1894
5 ¢ .7 & D Dec 1 1924
J P Morgan & Co, NY
-__ 1903 1.000 &c
225.000
Augusta Union Station-First M $250.000 gold..SBax
4 g J & J July 1 1953
Safe Dep & Trust Co.lialt
Austin & N W-See Houston & Texas Central
100
225,000
Avon Genesee & hit Morris RR-Stock (see text) ____ 17.7
3(4 .1 & J July I 1914 134 Erie Railroad. New York
88 1894
1.000 1.250.000
Baltimore Chesapeake & Atlantic-Ist M gold_ M p.n.
5 g 3$ & S Sept 1 1934
Broad St Station. Plana
500
3 1879
48.500
Bait & Cumberland Val Ry-lat M interest rental_ __
8
.1 & J July I 1929
Nat Bk Commerce, NY.
100 etc
5 1879
Bait & Cumberland Val R R-lst M interest rental_ _
72.800
6
J & J July 1 1929
do
do
carries
79
(5270.000
7
;
Exten-Stock
3
gu
------390.600 5 dr 7 J & J July 1 1914
---50
B & C V RR
Company's office. Bait
First mortgage interest rental
00
ii
MeBa
230.000
6
J
July 1 1931
Nat Bk Commerce N.Y.
1.000
58 1886
Baltimore & Harrisburg Ry-Mortgage gold_MeBa.c•
690.000
5 g M & N Nov 1 1936
do
do
First M West Ext (810.0000 in) gold guar_MeBa.c*
1.000
15 1888
240.000
b g M de N May 1 1938
do
do
100 152,017,143 6 In 1914 Id & S Sept 2 1914 3% Co's Office.2 Wall St.NY
Baltimore & Ohio-Common stock 8210,250.000
Pref stock 4% non-cum authorized 560.000.000_
100
58.868.800
4
in 1914 II & S Sept 2 1914 2%
- -.,,,,
do
do
Prior lien mtge gold not subject to call-- Ba.xe‘dcr 1.082 1898
500 die 74.815.400
34 ¢ J & J'il July I 1925
do
do
First M gold red at 105 after July 1923-- Us.xe*&r 1.661 1898
500 &e 79,976,000
4 g A & 011 July 1 1048
do
do
%Registered interest 0-1
EARNINGS-2 mos.,1913-14
Gross, $778,232: net, $349,958
July 1 to Aug. 31.
Gross, 820.869; net, 402.140
1012-13
Year ending June 30 1914. gross,$2,362,003; net,$538,291. In 1912-13.
gross, $2,205,125; net, $470,675; other income. $42,809; int., taxes, &c.,
$630,570; add'ns dr impts., $76,474; bal., def., $193,560.-(V. 82, p. 7500
ATLANTIC COAST LINE CO.-Organized May 29 1889 under the
laws of Connecticut, and owned June 30 1914 .18.590.600 common stock
and a large amount of the bonds of the Atlantic Coast Line RR.-see below.
STOCK.-The stockholders voted February 20 1914 to reduce the
stock from $17,640,000 to $8,820,000, effective as of Mar. 10, the stockholders to receive an equal number of new $50 shares in place of the old
$100 shares, and in consideration of the reduction a distribution out of
assets of 5100, par value, of Atlantic Coast Line Rita common stock for each
$50 Atlantic Coast Line Co. stock surrendered-see below. V. 98. p. 234.
609.
As to the certificates of indebtedness, see editorial Oct. 1897, Supplement, 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 510.000.000 4%
certificates of indebtedness (including $2,500.000 of Atlantic Coast Line
Nil. Co.) as a 100% dividend. (V. 71. p. 697; V. 73. p. 493.) As to se(mattes pledged to secure equally the certificates of indebtedness. see V.
17. p. 1310; V. 83. p. 560. Bal. sheet 1914. V 99. p. 1127.
CASH
1'02. '03. '04. '05. '06. '07. '08. '09. '10. '11. '12. '13. 1914.
DIVS-% 16A 8 8 9 10 10 8 9 10 10 12 12 3.3,3,Chairman, Henry Walters.-(V.98, p. 609; V. 99. p. 1127.)
ATLANTIC COAST LINE RR.-(See Map.)-Operates from Richmond
and Norfolk.Va..on the north, to Fort Myers. Port Tampa and River Jct.,
Fla., on the south. and Montgomery, Ala.. and
Ga., on the west.
reaching the ports of Norfolk. Va.; Wilmington,
Augusta,
N. C.; Charleston. S. C.;
Savannah and Brunswick, Ga.. and Jacksonville and Port Tampa, Fla.
Lines owned and trackage- Miles. Lines owned. &c. (Con.)- Miles.
Richmond, Va.,to Port Tampa,
Paola Jct. near Sanford to St.
Fla
Petersburg, Fla
907
145
Norfolk, Va.. to South Rocky
Palatka, Fla., to Brooksville
145
Mount
115 Milidale, Fla., to Perry
163
Contentnea to Wilmington_
109 Branches, die
1.641
Wilmington, N. C., to Pee Dee
LeasedJunction
97 Central RR. of So. CarolinaFlorence, S. C., to Augusta, Ga. 167
Lane to Sumter S. C
40
Sumter to Columbia
43 Other lines
12
Yadkin Jct.(Wilmington, N.C.)
to Sanford
116
Total in earns. June 30 1913-4,617
Waycross, Ga.. to Folkston, Ga. 34 Closely allied lines (see each co.)Jesup. Ga.. to Montgomery, Ala. 355 Louis. de Nash.(Incl. Ga. RR.)-7,890
a.. to Albany_ _
169 Charleston de Western Carolina_ 341
Dupont Jct. to Fort Myers. Fla- 349 Northwestern
RR.of So. Car
71
Also owns one-sixth Interest in the Richmond-Washington
Co. Leases.
!Minty with the Louisville & Nashville RR., the Georgia
RR.. 571 miles.
Extensions from Monticello to Perry. Fla., about 35 miles,
and from Oldtown to Dunnellen. 50 miles, are proposed, makings short route
to Tampa.
Fla., the latter being opened March 11914. V,94. p.416;
V.95.p. 1411.
Archer, Fla.. to Morriston. Fla., 20 miles, opened Oct. 15 1913.
ORGANIZATION.-On April 18 1900 ansorbed by consolidation (V.
p. 840. 893), Wilmington & Weldon RR., Atlantic Coast Line RRs. of 70.
S. C.
and Va. and Norf. & Car. RR. Florida Southern
and Sanford & St. Petersburg were merged April 1003. V. 76. p. 918. 971.
The Atlantic Coast
Line Co.(of Conn.) June 30 1913 owned $38.853,445 common
stock,
but of
this $17,640,000 was distributed Mar. 10 1914 among its stockholders.
See that co. above. V. 70. p. 893; V. 71, p. 1116, 1310; V. 83_,_p.
560.
Say. Florida de Western Hy. was merged in 1902. V. 74. p. 774, 829.
In Oct. 1902 acquired $30,600.000 of the $60.000,000 Louisville & Nashville RR. stock for 810.000,000 cash. 135.000.000 in 4% collat. tr. bonds
and 85.000.000 stock. V. 75, D. 733, 792, 905; V. 79. p. 785. On Oct. 8
1914 the Florida Central RR. Thomasville, Ga., to Faniew, Fla., 47 miles.
was, it was reported, acquired at foreclosure sale. V. 99, p. 1051.
STOCK.-Atl. Coast Line of Va. class A (Rich. & Pet. ctfs.) tax-exempt
stock was assumed as so much of the com,stock of the new company.
Stockholders were offered the right until Feb. 3 1913 to subscribe for
$6,250.500 new com. stock at par to be applied on account of the cost of
capital expenditures and the co.'s proportion (5_6.120.000) of $12,000„000
new Louisville & Nashville stock. V. 95, p. 967, 1402; V. 97. p. 1513.
DIVS.(%)-'01. '02. '03-'05.'06. '07.'08. '09. '10. '11. '12-'13. 1914.
Com.(incl.CI.A.)2 A 334 a5 led)
, 6 6 105 A 514 6 6 7 yrly
7
5 5
5 y'rly 5 5 5 5
Preferred
5 5 5 yrly
5
a Also In 190520% In corn,stock scrip and 5% in Atlantic Coast Line Co.
4% certificates of indebtedness. V. 81. p. 1558. b Includes 3% paid in
Jan. In Atlantic Coast Line RR.4% certificates of indebtedness.
BONDS.-In April 1914 the 4% Unified Mortgage of 1909 wasclosed and
a new $200,000.000 General Unified Mortgage was made permitting (unlike
the mortgage of 1909) the issuing of bonds in series at various rates of interest
The old Unified 4s held by the RR.Co. and the Atlantic Coast Line Co.
(521,330,000 and 53.008,000) were to be exchanged at once for new Series A
As, :1 S.
for
and a similar exchange is offered till Dec. 1 1914 to the
56,509.000 old unified 4s held by the public. A further $501,250 new
Series B 4s are offered till July 1 1914 in exchange for 8252,900 4% certifs.
of indebtedness and $192,500 5% pref. stock (exchangeable for 125% me
certificates of indebtedness). V. 98, p.761, 1070. 1154. 1243.
Purposesfor which the $200,000.000 General Unified Bonds were or are issuable
Issuable as Ser. A 4;is to refund 530,847484 Unified 45
830,847,484
Reserved to retire 4% certifs. of indebtedness. pref. stock and
debenture bonds
4,963,960
Reserved to retire underlying bonds
79,749,806
Reserved (along with any bonds not issued to retire certificates
of indebtedness)for future construction,improvements,dm-. 84,438.750
V.98. p. 761, 1070, 1154. 1243.
The 4% convertible debentures will be redeemable after May 1 1916 at
105 and convertible at the option of the holder into common stock at $138




a share at any time up to Jan. 1920, or, if called, up to 30 days of date.
V. 97, p. 1513.
As to the $35,000,000 collateral trust 48 of 1902. see "Organization"
above. They are subject to call at 105 in amounts not less than 8100.000.
There were outstanding June 30 1913 541.000 Bruns. & West. Incomes.
The Washington & Vandemere 454s
authorized, of which
$720.000 outstanding) are guar.. p.& I.,(11,500.000
by endorsement. V. 84, p. 1246.
As to Winston-Salem South Bound RR. guar. 4s, see that company.
FINANCES.-In Feb. 1910 the Loutsv. & Nashv. div. rate was raised
from 8 to 7% and in Jan. 1912 that of the Atlantic
Coast Line RR. to same
rate. V. 89. p. 1595. Bonded debt per mile June 30 1913. 523.647. In
March 1914 $3,500.000 unified 4s were sold.
LATEST EARNINGS1913-14-Gross, $36.832,897; net. $9,050,010
12 mos., July 1
Juneto
30. 1912-13-Gross,
net, 10,036,062
For 7 mos. ending Jan. 1 1914. net, after36,123,071;
taxes. 84.931.304. against
55,296,570; other income. 52.142,481; int., rentals. &c.,
bal..
$3,321,483;
sur.. 53.752,302. V. 98,0. 1535.
REPORT.-Report for year ending June 30 1913 at length. V. 97. D.
1494. 1512 (editorial. p. 1465):
Gross receipts
536,123.0:
72 533.463
-,5i8 /31.622.449
Operating expenses and taxes
26.087,009 23.940.978 21.727,788
Net receipts from traffic
$10,036,063 89.522.580 59.894.663
Other income
1,365.908
1.121,201
1.102.068
Dividend on L. & N.stock
2.356.000 (7%)2.142,000(7)2.142.000
Total net receipts
513.757.971 $12,785.781 513.138.731
Interest on bonded debt, &c
55.504.780 55.609.282 55.460.780
Int. on certificates of indebtedness9,3789.378
Rentals and miscellaneous
360,600
156
9
.
2
37
38
161,578
Dividend on preferred stock (5%)
9,925
9.925
9.925
Dividend on common stock
(7)4580,236 (7)4.088.661 (6)3.477.864
Balance. surplus
$3.293,041 $2.912.296 84.019.2013
OFFICERS.-Chairman of Board, Henry Walters; Pres., J. R. Kenly;
1st Vlee-Pres.. Alexander Hamilton; 2c1 Vice-Pres., C. S. Gadsden; 3d VicePres., J. R. Kenly; 4th Vlce-Pres., R. A. Brand; Gen. Mgr., W. N. Royal':
See., Herbert L. Borden; Treas.. James F. Post.-(V. 99, p. 1051.)
ATLANTIC & DANVILLE RY.-(See Map Southern Ry,)-West Norfolk to Danville, Va.. 205.1 miles; three branches, 22.25 miles; James River
Jct. to Claremont(3-ft. gauge), 50.36 m.; total, 277 m. Leased to Southern
fly. from Sept. 1 1899 to July 1 1949 for taxes, repairs, maint, 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 dividends on corn, stock as paid on its own corn. stock. V.71,p.447; V.79.p.625.
Suit to enforce provisions of lease. V. 95, p. 1606.
BONDS.-Of the $4,425.000 4s of 1900, $500.000 can be issued only fee
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. 89, p. 1410; V. 95, 1:1• 1606)
ATLANTIC & NORTH CAROLINA RR.-Morehead City to Goldsboro.
N.C.,95 miles. State of No.Car. Nov. 1913 owned 31.266.500 of $1.797.200 stk. E.C. Duncan,Pres, Merchants' Nat. Bk., Raleigh. and a director
of Norfolk Southern RR., who in April 1913 had acquired about 5270.000
of the private holdings at $75 per share,also offered the same for the State's
holdings. V. 96, p. 862, 1088. Leased from Sept. 1904 to Jan. 1 1996 to
Atlantic & North Carolina Co.(the lease being later transferred to Norfolk
Southern RR.)for int. on bonds. taxes, dm. and diva. at 3% for 20 years.
increasing A % every 10 years till 5% is reached; thereafter. 6%•
DIVS.- '93. '94. '95. '96. '97. '98. '99. 1900-04. Under lease
Per cent _ _
2
2
0
2
2
2
art above.
2
0
-V.83. p. 1522; V. 96. p. 862. 1088.)
ATLANTIC & WESTERN RR.-Owns Sanford to Lilitngton, N. C.. 2534
extension from Sanford to Goldsboro being proposed.
May 1912
Middendorf, Williams & Co. of Baltimore acquired control. V.In
94, D. 1249.
Stock. $300,000; par. 3100. Bonds issuable at $12,000 per mile. See
table above. For year 1913-14. gross, $50.708; net, 821.059; charges.
519.409: bal., sur.. $1,650. Pres.,H. C. Huffer Jr. Baltimore. Md.: Sec.
and Treas.. Wm,C.Cooke.-(V.94. p. 1249: V.95.1). 1038.)
AUGUSTA Ec SAVANNAH RR.-Millen to Augusta, Ga.. 53 miles. /n
1895 re-leased to Cent. of Ga.for
101 yrs. at5% on stock.-(V.61. p. 239.)
AUGUSTA SOUTHERN RR.-Owns from Augusta to Tennille. Ga.. 82
miles. The Southern Ry in Jan. 1901 acquired about four-fifths of stock.
V. 73. p. 343. Corn. stock, 8400.000; pref.. $350.000; ear. $100• Year
ending June 30 1911. gross. $185.936: net,
after
535.238: other income,$12.627; int. and rentals, $44,759: [milts.. taxes,
$530: bal., def., 52.596.
In11912-13, grass,$181.731: net, $24.286.-(V. 80.0- 2219. 2456.)
AUGUSTA UNION STATION CO.-Owns union passenger station at
Augusta. Ga., used by all roads entering the city the latter under their
operating contract providing for interest on the bonds and 4% dividends on
stock Stock, $75.000(5% paid in). held equally by Southern Ry., Atlantic Coast Line RR.and Georgia RR. V.78, p.2333; V.79, p.500.
Thos, K.Scott; Sec. and Treas.. Carlton Hillyer.-(V. 82. p. 48.) Pres..
AVON OENESE0 & MT. MORRIS RR.-lift.MOM'S to Avon, N.Y .. 17.7
miles. Leased to Erie RR. Feb. 26 1896 in perpetuity; rental (after
1911).
334% on stock.-(See V. 63. p. 512; V.62. p. 318. 589.)
BALTIMORE CHESAPEAKE & ATLANTIC RY.-Owns Claiborne to
Ocean City,
87.66 tn.: from Claiborne to Baltimore. 44 m transfer is
made by water;
Md.'steamer lines owned, 1,134 m.,• total mileage owned
and
operated. 1.221.66 m. The Pennsylvania and Phil. Balt. & Wash.
In Feb.
1911 were authorized to purchase at $70 per share the $478.100 minority
pref. stock, the Penn. and allied cos. already owning all the
81.000.00(1
common and 78% of the $1.500.000 5% cum. pref.stock.
V.92.9.525. 593.
Div.on pref., 2% Mch. 1 1905; in 1906. Mob..3%;Oct..2%;
in
1907
Melt.,
3%: Sept., 2%; In 1908, Oct.. 2%; 1910, Jan., 5%:
Sept.. 2%; 1911.
Jan. 31, 3%; Mch. 31, 2%; Oct. 23%;1912, July 1.
234%.

lu;ton
Ghillie° lie
S.

Marietta
w.

oft.,

M vsville
joy
ex ligtOtt &

Ol410
4 Grata
min
.

'ar ersburgaAL
Westo

Gallipol

W

th

E/

tk

,
W's

mb
a:rig
.:ru
‘,.. S

Horton 10'

°F•lekensr.,

Catleosberg
O.

N I Af' "zz•,/
,&
'Staunton.

4

Coo ofton
Elizabet

wa
Jackson

GO•

Livingston
Corbin

.
.'
....*1<oe
a h oraiEs•
•
../
o,/E - .trlask 41.
........1.
31ggtoo:...nriap..
yx
:
09.s.:::
1u
nA:
,
P
Glade

fioauoke
Radford

"CM‘•

G

¢

I

StR
uart •

4 PET RSBU R G

DauVI e 90
‘
).sob .

Ctuaerlai Gap
t
.

e sto.,ck
EMPORIA
wS L Do
1.1A1.1
P
OCR

Rolf (sville
9.4'

,,..,
ikev11176
.)

. .laryville,A4evill..
'
R.
,...
,
'
sotl
•
Rothe ord ton.:
.
cievelcy .../
Brevard
hens

T
iaae.TY

A•

- Charlottei
7"
:
8\ :
:
/-T
:
C o4

A-P, sh
:
8Yby R

lag;-.-.---41.7,4,4,t''
'Vet'R . Yorkvi
V
•
Ilulah Falls 4 ot SI'
/:,.
'
c
f,st f
I ://
r4P15: °4'.8 '1.1-...:
t':.;C:, :0:
R :09.
Cd 1
,
3
1,4
1:r

T,
1-1

07

o

Au11113L011
-;:>°'

s

•
VI.Fi

'ylacaugll
era 04,0auokel
WEST

a °rang

v

01 NT

t
I!,

()petits
F
• Cirsird
NTGO




»

m

NSWICK

rAci
•Aeraandina
SO N VI LLE
\\
Rve SM.
p.

ytugustine F*4

Cedar Keys •
Smyrna
MOMOIBASSA
MAI!
F

st
4

E.4
u

ThOhon
TA M
Po RT TA.
sT.PETCrISEILl.R'
Tampa'

SALVADOR

11751

Om., 1914.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[FOr abbreviations, ,tc., see notes en first page]
8 &0(Concl)-SouthwDly

Mites Date
Road Bonds

1st M$45,000,000g.Fxe&r•
922 1899
Pitts June & Mid Div $20,000.000 tot M g-Ce.xc•&r
379 1898
P L E & W V Sys ref g red 100 after 1925-Un.xc•&r 1.634 1901
New York Div & Term first mtge $10,000,000 gold_
_-_ 1905
Convertible bonds redeemable (text)____Ce.xe*Scr*
___ 1913
Refunding and improvement mortgage see text_
One-year 434% secured gold notes--- 1914
- =- USIlf•Y
Equiq bds $1,000,000 yly g gu(V94p349)66P.xc*&r*
-__ 1910
--- do due $1.000,000 YIY g gu(V94p349)0Pxo•&r
__- 1912
do due $1,000,000 yriy (V 97. P 802)_0P.xc*
_-- 1913
Bonds Underlying P J & MD Mortgage 334sLoan 1853 extended in 1885 gold
377 1853
143 1886
Cent Ohio $2,500,000 con 1st M (1st loan)g MeBa.zr
6 1882
Pittsburgh Junction 1st M $1.440,000 gold _Ba.xc•
6 1894
Pittsburgh Junction 2d M $300,000 gold_ Ba.xc•
Bonds Underlying Pittsburgh Lake Erie ct. West Vtr pinta 4s191 1893
Clev Lor & Wheel cons M (now 1st) gold_Usm.xo•
191 1896
General mortgage $1,000.000 g redeem105_ _N.xe
Cons ref m $10,000,000 gold red at 10234 -Eq.xo•
102 1900
83 1895
Cleveland Term & Valley 1st M gold guar_ Bri.xe•&r
36 1889
Monongahela Illy RR IA 51 gold guar B & O_Ce.xc•
72 1900
Ohio & Little Kan Sty 1st M $250,000 red 105 g__z
172 1886
Ohio River 1st mtge ($2,000,000) gold___FP.xe•
xc•
General mtge gold 1st on 39 miles
208 1887
Ray Sp & GI 1st M $400,000 g guar p & l_FP.xo•
32 1890
Huntington & Big S 1st M $400,000 g guar
xc•
11 1892
47 1882
Pittsb Cl & Tol 1st M g (51,959,000 owned) __ _x
Pittsburgh Newcastle & L E 1st M extended in -g..z
30 1878
Pittsburgh & Western 1st cons M $10,000,000 g_xe•
201 1887
Ellwood Short Line 1st mtge gold $300.000...0X
3 1892
W Va & P 1st Mg 5s scaled, red at par_ _ _Me.13a.xe
177 1890
Leased Lines, &c., SecuritiesMon River Coal M $1,500.000 golds f redeem at par
-__ 1895
Schuylkill River E S RR 1st M g guar p & I endor_x
9 1903
Staten Island Ry 1st mtge $1.000,000 gold__ Ba.ze
13 1893
Bait & Ohio Chic Term RR-Ch&GtWilstM g ass'd_vc•
-- 1886
City of Chicago purchase money mtge assumed_
First mortgage $50,000,000 authorized
1910
x
._
a "Total Issued shown in first left-hand column, ba lance being
Baltimore & Potomac--See Phi% Bait & Washington.
bin addition $8,711.550 pledged as part collat. for Pitts. L. E.

$500 &c 544.840,989
500 &c b6.056.730
1.000 42,525.000
See text
609 &c 63,250,000
See text
1,000 &c 35.000.000
1.000 See text
1.000 8,000.000
1.000 8.955,000

Rate
%

When
Payable

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

334 g I dc ./11 July 1 1925Co's office, 2 Wall St. NY
do
do
Nov 1 1925
c
334 g
do
de
4 g I& & N Nov 1 1941
do
do
4 g J & D June 1 1948
do
do
434 g Ai & S Mch 1 1933
4% gJ & 13 June 1 1915 Co's office, 2 WallSt,N Y
F & A To Feb 1 1920
4
434 g F & A To Feb 1 1922 Girard Trust Co, Phlla
do
do
434 A & 0 To April 1 1923

500 &e
1,000
1.1300
1.000

6.000
1,009.000
a934.000
a243.000

4g A
434 g 31
6 g .1
5g J

1.000
1.000
1,000
1,000
1.000,
1.000
1.000
1.000
1.000
1.000
1.000
100 dor
1,000
1.000
1.000

5,000.000
890.0130
906.000
3.301.000
695,000
225.000
2.000,000
2,911.000
344.000
297.000
441.000
82,000
650.000
300,000
3,981,000

5 g A & 0 Oct 1 1933
5 g J & 13 June 1 1936
434 g .1 & J Jan 1 1930
4 g 31 & N Nov 1 1995
5 g F & A Feb 1 1919
5 g M & S Mch 1 1950
5 g J & D June 1 1936
5 g A & 0 Apr 1 1937
6 g F & A Aug 1 1920
6 g I de J July 1 1922
6 g A & 0 Oct 1 1922
4 g I & D June 1 1917
4 g I & 3 July 1 1917
5 g J & J Jan 1 1922
4 g A & 0 Apr 1 1990

1,000
1.000
1.000
1.000

251.000
5g I
5,000,000
4g 7
511,000
434 g J
394,000
5g J
650.000
5
11
32.000.000 See text A
owned by Baltimore & Ohio.

& 0 Oct 1 1935
dc S Sept 1 1930
& J July 1 1922
& J July 1 1922

&
&
&
&
de
&

D Dec 1 1945
D June 1 1925
13 June 1 1943
13 June 1 1936
N May 1 1938
0 Apr 1 1960

Office. 2 Wall St, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
de
do
do
do
do
do
do
do
do
•
do
First Nat Bk, Aileghen;
J P Morgan & Co. N Y
Co's office, 2 Wall St, NIt
do - •
do
• • •
Amer Bonding 83 Tr,B61
518 Walnut St. Phi%
17 State St, New Toe
Bankers Trust Co, N Y
To City of Chicago •

& W.Va.1 Sys.'48.

The stockholders voted on Jan. 26 1905 to acquire a majority of the stock
of the Maryland Delaware & Virginia fly., extending from Queenstown.
Md.. to Lewes, Del., with branches, a total of 77 m., and guarantee $2.000.000 of its first Mtge. bonds. See that co., V. 80. p. 116. 1058. In Mee'
1912 sold $200,000 5% equipt. trust notes (secured on two boats) due $40.000 yearly to March 1 1917.
Fiscal year now ends Dec. 31. In 1913. gross. $1,247,861: net. $124,135;
other income,$12,624;charges,$197.978; balance, deficit,$61.219.-(V.92,
P. 525,593,724; V. 94,p. 1316: V.08,9. 999.)
BALTIMORE & CUMBERLAND VALLEY (RR. AND RY.).-The
Railroad extends from State Line, Md., to Waynesboro. Pa., 4.55 miles.
stock,$76700, in $50 shares. The Railway extends from:Edgemont, Md.,
to State Line, Pa., 3 m.; stock, $42,500, in $50 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 RR. EXTENSION-Waynea
bore to Shipprnsburg. Pa.. 20.52 miles. Leased to Western Maryland RR.
for 50 years from July 1 1381. with privilege of renewal, for int. on bonds
and dividend on stook, amounting in all to $38.730.-(V. 75. P. 665.)
BALTIMORE & HARRISBURG Ry.-Emory Grove. Md., to Orrtanna.
Pa., 59 m., with branches. 7 m., total, 66 m. Leases Balt. & Harrisburg
fly., Western extension, Orrtanna to Highfield, 15 m., guaranteeing int. on
Its bonds. Leased to Western Maryland RR. for 50 years from Oct. 25
1886; rental, Int. on bonds and 5% on pref. stock (all paid M. do N.)•
Dividends on common at 5% had In 1913 been paid annually for over 5
years. Stook. corn.. $690.900; prof., $29.100.-(V.44. p.812.)
BALTIMORE & 01-110 RR.-(See Map.)-ROAD.-Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis:
total mileage leased, owned and operated in July 1914. 4.478 miles. "Royal
Blue Line" (see Central RR. of N. J.) gives access to New York.
The system embraces, subject to mortgages, the following lines:
Pr.lien 354% M.-(1,082m.)Miles. Pittsburgh & Western
204
Balt.to Wheeling, Belpre.0.,&c.x751 xPittsb. Cleveland & Toledo.._
47
&c____ 331 xPittsb. Palnesv. & Fairport
Comb. to Pittsb. &
50
xErtstern Ohio
1st Mtge. 4%-(579 miles)17
Bait, to Phila. and branches__ 132 xTrumbull & Maboning
9
Chicago. Ill,, to Akron, Ohio__ 376 Monongahela River RR
37
Branches to Fairmont.W.Va.,&o. 71 )(elev. Terminal .1t Valley
83
South W, Div. 3%% M.
xCleve. Lorain &Wheeling Ry.,
Belpre, 0..vla Cinc. to St.L.,&c. 922
Wheeling to Cleveland. &c
191
Pitts, Jct. 3
M.--(379 miles)
xOhlo River Lines264
Bellaire to Midland City, Ohio'
West Virginia Short Line RR.. 61
Shawnee to Sandusky, Ohio..5 373 x0hio & Little Kanawha RR
72
Pittsburgh Junction RR
6 xMahonIng Valley Western RR- 43
P.L.E.4W.V.Sys.4%M.(•1,634m.)
West Virginia & Pittsburgh... 177 Total of all (adding Baltimore
Belt and other lines)
4 478
• Includes 379 m.,also covered by Pitts.
Jct. 1st
a See this company.
x The stockholders will vote on Nov. 16 1914M.
on acquiring by direct
ownership the lines in Ohio now controlled
by stock-see BONDS below.
V. 99, p. 1051.
Also owns Sandy Valley & Elkhorn fly. V. 95,
p. 889. The Magnolia
double-track cut-off between Orleans Road,
W. Va.. and Little Caespon,
11 miles, for which contracts were let Apr. 1913,
will cost about $6.000,000
and be completed in about 2 years. V.
96, p. 1295. 1771.
Owns B.& 0. Chic. Term. RR.. $8.000,000
4% bonds. See below. V. 90. p. 166. 1101.stock and $32,000.000 of its
HISTORY.-Receivers were appointed in Feb. 1896, but in
1899 reorganized without foreclosure, per plan in V. 66,
p. 1235. See also V. 67.
p. 688, 1206, 1356. In 1912 authorized the merger of proprietary
miles.
626
some
V. 95. p. 681. 1121. 1744; V. 96. p. 134* V. 97. p.roads.
363.
Control of the Cincinnati Ham. & Dayton.-Under
the readjustment plan
of the Cincinnati Hamilton & Dayton (V.88. p. 1436. 1498).
the Baltimore
& Ohio in August 1909 acquired virtual control, and
is to
full control on July 1 1916 at a price to be fixed by arbitrators,acquire
the controlling
stock to be vested meantime in three voting trustees, one to
be
the
President of the B. & 0, for the time being. Certain C. H. D. securities
are
guaranteed. See that company. V. 89. p. 102. 468; &
V. 94, p. 206.
READING CO., &c.-In 1901 $68.565.000 (virtual control) of the
$140.000.000 Reading Co. stock, consisting of $12,130,000 1st pref., $28.530,000
2d pref. and 327,905.000 corn., was acaulred. the Lake Shore & Michigan
Southern By, Co. taking one-half. In 1904 the B. & 0. and L. S. & M.S.
each sold $3.950,000 of the common. V. 76, p. 101; V. 80. p. 1856.
UNION PACIFIC INTEREST.-In July 1914 the Union Pacific
tributed the greater part of its B. Sr 0. holdings (about $50,013,765disof
$53.607,800 corn. and $26,674,008 of$28.480,000 pref.) as a dividend
among
its stockholders. V. 99, p. 195.
STOCK.-Pref. stock. see V. 71, p. 1166, 1143; V. 72. P. 1186.
DIVIDENDS1900. 1901-1904. 1905. 1906. 1907-1913.
1914.
2
Common(%)
4 yearly.
434 534
6 yearly.
6
Preferred
4
4 yearly.
4
4 yearly.
4
4
BONDS.-(1) Prior Lien 334%. a first lien on main line and branches,
branch
and Pittsburgh division. about 1,022 miles of first
Parkersburg
track
and 1,675 miles of second, third and fourth tracks and sidings, and also all
the equipment now or hereafter acquired. Total auth.. 375.000,000.
See
application to list. V.69. p. 30; V.78. p. 1906; V.86. p. 1528:
V.86. P.36.
(2) First M.4% Bonds, Due July 11948; a first lien on the Philadelphia.
Chicago and Akron divisions and branches and the Fairmont Morgantown &
Pittsburgh RR., covering about 579 miles of first track and about 826 miles
of second, third and fourth tracks and sidings; also on the B. & 0. Terminal
property and the Baltimore Belt RR. Also a lien, subject to prior mtge.,
upon main line, &c. V. 69. p. 30; V. 79. p. 211; V. 97, P. 297, 594.
Total authorized (incl. 549,975,000 issued at reorganization). _5165.000.009
Of which reserved to retire prior lien bonds in 1925
Issuable for betterments, extensions, additions or equipm't, 75,000,000
at not over $1.000,000 a year
10.000,000




Amount
Outstanding

Par
Value

13

c Cones. M. & N.: reit. Int. 0.-F. 11 flee. Int. 0.4.
(3) Southwestern Division 1st Mortgage 3345. Virtually a first
lien upon the properties constituting the B. & 0. Southwestern RR. system, 922 miles of 1st track and about 543
miles of 2d track and sidings. All issued
$411,000,000
(4) B. et 0., Pittsb. Jct. et Mid. Div. 334s. Expected to be ultimately a first lien upon the railroads of the Central Ohio
system and Pitts. Jct, RR.Co.. 379 miles in all. Total_ _ _ _ 20.000.000
Issuable $1.000.000 per year for first two years and thereafter $500.000 per year for extenns. betterments. &o
5,000,000
In partial exchange for old bonds and sold (54,000.000)14.836,830
Of this issue, $6.076,530 is in hands of the public and $8,W1.550
pledged
as part collateral for Pitts. Lake Erie & West Va. System 48,
c2Vnde15ying bonds, see table.
(5) Pittsburgh Lake Erie & West Virginia System mtge. refunding 4% gold
bonds (authorized amount $75.000.000) are a lien on 1.634 miles,
forming a direct connection with Pittsburgh, Cleveland,
Fairport. Lorain
and Sandusky, subject to underlying bonds outstanding thereon
table
above). In June 1914 $30,720,450 additional underlying bonds,(see
Including
28.711.550 Pittsb. June. & Middle Div. 334s. were held in trust as
part
security. The $31.558,500 unissued are reserved to retire underlying
V. 74, p. 266; V. 79, p. 2793: V. 80, p. 1423; V. 86, P. 479. 1528: bonds.
V. 87.
p. 36; V. 88, P. 451, 685.
(6) New York Division and Terminal 1st 4$ (authorized amount $10.000.000) are secured by deposit with the trustee of all the Staten Island
Rapid
Transit refunding 45 as issued ($5,000,000 authorized), all the $350.000
Bait, & N. Y. 1st 5s and the entire stocks of those companies. Of the
bonds,$5,000,000 were on June 30 1914 held in treasury. V.83, p. 1042.
(7) Convertible 20-year 410 $63.250,000, dated March 1
were
offered pro rata to stockholders at 9534 (and underwritten). 1913,
The bonds
will be convertible into common stock up to Feb. 28 1923 at $110
per
share and redeemable beginning March 1 1923 at 10234. These 434s will
be secured by the new blanket mortgage below described part passu with the
bonds to be issued thereunder. See V.96, p. 134,200,651, 715, 1088, 1421:
V. 97, p. 727.
Schuylkill River East Side 4s, V. 77, p. 1745: V. 81, p. 727.
The stockholders will vote Nov. 16 1914 upon authorizing a General
Refunding and Improvement mortgage covering the entire system and subsidiary lines to secure not exceeding 3600,000,000 bonds unless the stockholders should later consent to an additional issue, but the amount outstanding, together with all the prior debt, is at no time to exceed three tmes
the capital stock. The bonds will be Issued in series as required to refund
outstanding bonds amounting to $313,816,780 (all of which mature or are
redeemable by 1925), the $35,000,000 1-year notes due June 11915, and
underlying bonds on roads forming part of the system and subsidiary lines
aggregating $30,781,000 and maturing at different dates; also for improvements, extensions. &c. See V. 99, p. 1051.
The West Virginia & 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.
FINANCES.-In Jan. 1913 $63,250.000 434% 20-year convertible bonds
were offered to stockholders at 9534. V.96. p. 134. 100.
In May 1914 sold $35.000.000 one-year 43,
4% gold notes secured by
deposit of $32,000,000 B. & 0. Chicago Term. RR. 1st 4s and $4,000.000
1st pref.. $4,000.000 2d pref. and $4.500,000 Reading Co. common stock
V. 98. p. 1535. Ground rent liens June 30 1914, $3,196,996.
As to new Refunding and Improvement mortgage see BONDS above.
In Jan. 1912 sold $10.000,000 434% equip. crust certfs. and In Sept.
510.000,000. V. 94, p. 277. 349: V. 96, P• 1555; V. 97. P. 802.
EARNINGS.-3 mos.,11914
Gross. $25,629,396; net. $7.673,468
July 1 to Sept. 30-.11913
Gross. 28,043,933: net, 8,358,735
REPORT.-Preliminary statement for 1913-14 was in V. 99. P. 116.
118y.earFenordyineagr 1912-13. V. 97. p. 1494. 1509. (See also p. 1464)•
June 301913-14.
1912-13.
1911z14
2
5
.5
Miles
4,478
4.456
Freight earnings
$75,784,287 $80,194,490 $72.465.544
Passenger earn
earnings
15,893.721 15.537.078 14.754.912
Mail. express. &c., e
5,733,433
5,824.564
earnings
5.373,867
Total gross earnings
$97,411,4415101.556,132 592.594,323
Operating expenses
72.054,892 73.779,638 64,709,538
Net earnings
$25.356,549 $27,776.494 $27,884,785
Operating income (after taxes)
21.244,837 23,941,278 24,434 900
Other income
5,212,206
6,017,719
4,342.892
Total net income
327,262,556 529.153,484 328,777,842
Interest, rents, &c
$18,061,989 $15.771,372 514,837.391
Dividends on preferred stock (4%)
2,354,634
2.354.891
2,355,059
Dividends on common stock (6%)
9,118,762
9,120.976
9.121,073
Balance, surplus
df.$2,272,829 31,858,383 $2.421.928
Executive Committee-Daniel Willard. Chairman: Oscar G. Murray,
L. F. Loreo, E. R. Bacon, N. B. Ream.; Pres. Daniel Willard, 1st Vice
Pres, Geo, F. Randolph, 215 Vice-Pros. G. M. Schriver. 3d Vice-Pros.
A
wroo
thlufo
rrW
d.. Thompson, 4th Vice-Pros. & Treas. J. V. McNeal, Sec. C. W.
Directors-R, Brent Keyser, Robert Garrett, Felix M. Warburg, Oscar
G. Murray,James Speyer, W. Averill Harriman. Norman B. Ream,
James
Stillman, Edward R. Bacon, L. F. Loree, Charles A. Peabody John
D.
Shedd. N. Y. office, 2 Wall St.-(V.98,9. 154. 1154. 1535. 1691.)
'
St.
-(V. 98, p. 47. 116. 118, 195, 814, 1051.)
N. Y. office, 2 Wall
BALTIMORE & OHIO CHICAGO TERMINAL RR.-Property consists of passenger and freight terminals in city of Chicago, lines of
leading thereto and a belt line around thercity: also 760 acres of railway
land In
and adjacent to the city. of which 50 acres are in the i
cenmIttr..e:itsorfoawtchkneaegbdeut,s971ntmesee:s;
district: also includes 7.500 feet of dock property on Chicago
River. Nearly
a
Tlrialc
aknd
inni
g t:hla
o,
wincluding
eu
t uepsofnrowmhcichhicatrgaockjsunhcatvioenbnee7b
dm
289 miles.
.
total. 101 m.: 2d track. 69 m.: sidings. 118 m.; total all tracks,




SGNO£E (INV SXDOIS A.VAVIIVII
Baltimore & Ohio R.R.
Baltimore & Ohio Southwestern R.R.
Baltimore & Ohio Chicago Terminal R. R.Co.
Cincinnati. Hamilton & Dayton Ry. Co.
and Connections

OCT., 1914.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. Etc., see notes on first page]
Bangor & Aroostook-Stock (see text)
First mortgage ($16,000 per mile) gold____U.xxc•
Usmxx
Second mortgage gold
First mtge Plscataquis Dlv $1,500.000 ¢-- B•lite*
V 13ur Est 1st M $500.000 g (V 69. p 952) _6 xxc•
Aroostook Northern 1st M $225,000 gold _0 axe*
OB.xe•
Consol refunding mtge $20.000.000 gold
Medford Ext 1st NI $1,000.000 g(V84.p692)U5.xxo•
Ce.c•xx&r
Washburn Extension let Si gold
St Johns Riv Est lst M $1,800,000 guar Ce_exx kr
Aroostook County bonds (assumed)
Car trusts Ser C gold guar due $45,000 s-aPeP.xc*
PePxo•
Car trust Ser D g gu $45,000 due s-a
Car trust Sm. E g due $12,000 or 513.000 yrly _ PePx
Nor Me Seaport 1st M guar p de I end-- Usm.c*&r
z
Bath Et Hammendsport-First mortgage
z
Second mortgage
105
red
f
s
gold
M
text---Ry-ist
Bay of Quinte
neaum't Cc (It Nor-lst Mg $17,500 p m red 102)4-13
Beech Creek-Stock (guaranteed 4% by endorsement)
First mortgage gold guar p & I (endorsed)Col xeder
Second M for $1.000.000 g guar p &l (end).Un xo&r
Beech Creek Exten-lst 11 $4,500.000 g zu p & 1(1.xc•
Beech Creek consol M $20.000.000 g gu p&I (1.o*&r
Bellingh & Nor-B B & B 0 lst M $1,000.000 g sf _a
Belt RR & Stk Yd. Ind-Stock auth $2,000.000
Preferred stock cumulative
xe•
1st refunding id 51.600.000 gold
Belt Ry of Chattanooga-First mtge ippid__MeBa.xo•
Belt Line Ry, Montgomery-lst M gold $300.000 x___
Belvidere Dela ware-Stock 54.000.000
Consolidated 1guaranteed by United Co's sk Id __xr
mortgage guaranteed by United Co's sk fd __xr
of 1875
Issue 5600.000 reduced by sk Id __xr
54.000,000 guaranteed by United Co's sk td_xc *
Bennettsville & Cheraw-1st M $150.000 g-MeBa
x
Bessemer & Lake Erie-Erie equipment trust
Standard equip trust
x
Bessemer equipment trust, due $110.000 yearly_ _x
Conneaut equip trust
x
National equipment trust due 540.000 Mav vriv x

Miles Dale
Road Bonds
211
211
77
33
15 )5
412
28
55
60
-__
-- _
_
54
10
10
--49
165
165
166
$11
131
All
___
49
-81
81
81
ill
45
..-__

Par
Value

Rate
%

When
Payable

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

$100 53.198.600 See text Semi-an July211914 2 Checks mailed
Guar Trust Co. New York
1.000 3.360.000
1893
5 g J & 7 Jan 1 1943
do
do
1.000
1895
106.000
5 g J & J July 1 1945
do
do
1.000 1.500.000
A & 0 Jan 1 1943
5g
1899
do
1899
do
1.000
500.000
A & 0 Jan 1 1943
6g
do
1897
do
1.000
225.000
A & 0 Oct 1 1947
5g
1901
1.000 8.431.000
Lee,Iligginson & Co,Bos
4 g J de J July 1 1951
1907
1.000 1.000.000
Brown Bros & Co. N Y
6 ¢ AI de N May 1 1937
do
1909
1.000 1.650,000
do
5 ¢ F de A Aug 1 1939
do
1909
1.000 1.800.000
5
do
F & A Aug 1 1939
1.000
1895
228,000
Fourth Nat Bank. Bost
41.4 J & J July 1915
1.000
1906
180.000
5 ¢ J & D To June 1 1916 Penn Co for Ins,&c,Phila
do
1907
1.000
225 000
do
5g
A & 0 To April 1 1917
do
1.000
1911
88,000
do
A & 0 To Oct 1 1921
5
1.000 4.720,000
1905
Brown Bros & Co. N Y
5 g A & 0 Apr 1 1935
1.000
1889
100.000
5
J & D June 1 1919
50 Church St. New York
1R93
do
1.000
206,000
5
do
A & 0 Apr 1 1923
1,000
1902
830.000
Bk of Mont,Tor,or NY
5 g J de J2 Jan 2 1927
1909
1.000
883,000
New York
6a
J & J luly 1 1939
_ ___
50 6.000.000
4
Q-J Oct 1 1914 1% Grand Cent Termlnal.NY
do
1.000 5.000.000
1886
do
4 ¢ .7 de J July 1 1936
1892
do
1.000 1.000.000
do
5 if .1 & J July 1 1936
1901 1.000 &c 3.500.000
Grand Cent Terminal,NY
314 ¢ A de 0 Apr 1 1951
do
1905 1.000 dec 3.964.000
do
4 g A & 0 Apr 1 1955
1.000
1901
U S M de Tr Co. NY:& SF
619.000
5 g J de I) Dee 1 1932
50 1.500.000 See text See text July 1 1914 3% Co's office, Indianapolis
do
50
do
500.000
8
Q-J Oct 1 1914 1)4
1909
1.000 1.000.000
Nat City Bank. N Y
4 ¢ It & N May 1 1939
Mercantile Tr de Dep.Balt
1.000
1895
5
300.000
J & J July 1 1945
1.000
1911
5 tr .7 & J July 1 1941
225.000
Safe Deis & Tr Co. Bait
50 1,253,0006 in 1913 See text Dec 31 '13 6% Broad St Station. Phil.
do
1885
do
1.000
500.000
4
H& S Sept 1 1925
do
1887
do
1.000
749.000
4
F & A Feb 1 1927
do
1833
do
1.000
4
364.000
3 de .1 Jan 1 1033
1 Ono
do and Bk Com.NY
314 g F & A Feb 1 1943
1903
972,000
1911
Mere Tr & Dep Co, Bait
1.000
150,000
5 g .7 & J Jan 1 1941
Home Tr Co, Hobok. NJ
1902
1.000 1.220.000
Si du S !doh 1 1922
5
do
do
1.000 1,060.000
1905
A de 0 Apr 1 1925
5
do
do
1.000
1907
1.100,000
II & 8 Itch 1918-1927
5
do
do
1.000
5
300.000
A & 0 Apr 1 1919
do
do
lc h 1V Mn,, 101s
h
40(100
1.000
___

IIISTORY.-Successor to Chicago Terminal Transfer RR.,foreclosed in
1910. V. 90. p. 166, 100, 235, 625. Stock. auth. and Issued. $8,000,000,
all owned by -B. & O.; par, $100.
TENANTS.-Bait. & Ohio. Chicago Great Western, Chicago Junction;
Pere Marquette and Chic. Terre Haute & South Eastern Ry. See V. 77.
p. 948. 2158; V. 79. p.901. Total minimum rentals from tenants. 3513.500
annually. V. 79.p. 2084. Minneapolis St. P.& Sault Ste. M.will become
a tenant Dec. 9 1914. V. 96, p. 486.
BONDS.-Of the let H. bonds of 1910. 532,000,000 issued as series A 45
were given to the Bait. & Ohio to represent the cost of the property.
$1,000.000 additional series A 48 to be issued when required for Improv'ts
and 31.200,000 reserved to retire the old bonds and $15,800.000 for extens..
bunts. and equip. to bear not over 41.4% int. V. 90. p. 1295.
REPORT.-For year ending Juno 30 1914, gross, $1,594,454; net, $112.200; other income. S1,190,205; lint., rental. &co $1.464,236: bal. def.,
$161,831. In 1912-13. gross, 31.794,351; net, $192.456; other income.
$792,818.-(Y. 90, p. 1295; V. 92, p. 1031: V.95. p. 1272: V.96,I). 486.)
BANGOR dc AROOSTOOK RR.-Oldtown, Meo northerly to Van
Buren, with branches; total Juno 30 1914, 630.5 m.(573.5 owned in fee).
Bridge over St. Johns River at Van Buren. Me., is proposed at cost of
about $250,000. giving connection via Grand Trunk and International
Ry. of Canada with a rich lumber region in Canada. V. 97. p. 116.
ORGANIZATION.-See V. 66, p. 855. Owns entire stock of and leases
for 999 years Northern Maine Seaport RR., La Grange to Searsport.
54.1 miles. V. 81. p. 1549; V. 84. p. 693.
DIVIDENDS.-1)4% semi-annually Jan. 1904 to Jan. 1905. both inclusive; July 1906 to Jan. 1913,4% yearly (2% s.-a.); July 1913. 1%;1914.
%; July. 2%. V. 99, p. 269.
Jan..
BON DS.-Plscat. Div. Sc, 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, oar trusts and pref. stook.and to
&Nuke such controlled roads; 53.000.000 for Improvements over a series
of years and $4.500.000 for extensions at $25.000 per mile, Including equipment. V. 73. n. 286. 896: V. 74. p. 93. The Northern Maine Seaport
bonds ($5,000,000 auth.) are guar. p. & I., in hands of public, $4,720,000.
V. 81. p. 265; V. 82, p. 392; V.84, p. 391,692;form of guar.. V.81. p. 727.
Washburn Extension 1st M.55 of 1909. see V. 90. p. 848. 913.
The St. John River Extension 1st 5s of 1909 ($1.800.000 auth. issue).
guaranteed. prin. & int.. were issued at $30,000 per mile. V. 93, p. 939.
In May 1914 $1,250,000 one-year 5% bonds were authorized, of which
$1,000,000 was sold.
The Aroostook construction co., which owns control, has made an issue
of 52,500.000 5-year collateral trust 5% gold notes dated May 1 1912, of
which 51.915.000 have been issued to fund floating debt of the Bangor &
Aroostook RR. and the Aroostook ConstruotIon Co. The notes are secured
by $1,350,000 B. & A. RR.consol. 4s and $2,000.000 stock and 1,750 shares
of Northern Telegraph Co. stock. V.94, D. 1382: V.95. p. 237.
Gross, $475,190; net, $90,224
LATEST EARN INGS.-4 1914
11
Gross, 442,913: net, 85,695
12 mos. July 1 to Aug. 31.913
Deficit after charges in 2 mos. of 1914, 387,826. agst. def. 586.242.
ANNUAL REPORT.-Report for year ending June 30 1913, in V. 97.
p. 1283. In 1913-14: Gross, $3,795,412; net, $1,383,523: other inc.. $172.
051; charges, $1,349,844: dividends (3)5%), $111.951; bal., sur., 393.780.
In 1912-13, gross. $3.252,421: net, $1,033,325. Pres., Percy R. Todd.
-(V. 98. p. 303; V. 99, p. 269, 673.)
BARTLETT-WESTERN RY.-Owns Bartlett, Tex. to Florence, 23 m.
proposed in May '12
Incorp. in Texas in 1911. V. 92. p. 1700. Extension'
from Bartlett to Cameron. 32 miles. V.94, p. 1382. Pres. and Gen. Mgr.,
J. W. Jackson, 1st V.-P., W.J. Cagle: 2d V.-P., J. L. Bailey; Sec..
Walton; Treas.. 0. 0. Bailey.-(V. 94. p. 1382.)
BATH & HAMAIONDSPORT RR.-Bath. N. Y.. to Hammondsport,
N. Y.. 10 miles. Control acquired by Erie RR.In 1908. Stock, $100.000.
Year ending June 30 1913. gross,$47,532: net. 313.035; other income.3379;
Int., taxes, &c., 318.530; credit, $6,908; bal.. sur.. $1,792.-(V.79,p.1954.
BAY OF OUINTE RY.-Owns Deseronto to Bannockburn, Ont.. 75.40
miles; Yorker to Sydenham, Ont. 10.60 miles: trackage (Kingston de
Pembroke Ky.),Harrowsmith to Kingston, 19 miles; total, 105.00 miles.
In 1912 Can. Nor. Ry. acquired control. V. 98, p. 1601. Stock, corn.,
$930,000; pref..6% non-cum.,$465.000; par,$50. Divs. on corn. 1907 and
1908, 3%: Pref., 6%. Of the bonds $70,000 are reserved for extensions at
$10,000 per mile. Cum,sinking fund.$10,000 yearly,redeems each 5 years
$50,000 bonds by lot at 105; 550.000 retired in 1907 and 1912. For year
end. Juno 30 1913. gross, $257,271; net, $36,220; int., taxes, &co $68,850:
bal def.. $32,630. Pres., E. W. Rathbun; Asst. Sec., R. L. Ormsby;
Treas.. L. W. Mitchell. Office. Descronto, Ont.-(V. 97. p. 205. 629.)
BEAUMONT & GREAT NORTHERN RR.-Owns Livingston. Tex..
Stock, $50,000, all acquired in 1912 by Missouri
to Weldon, 49.3 miles.which
guaranteed the bonds, principal and interest.
Kansas & Texas By..
from May 1 1914 and
M. K. & T. Ry. of Texas leases road for 99 years
same, &c. V. 98. p. 999. Year ending
the
purchase
to
authority
has
after
income
$38,430; charges,
taxes,
net
June 30 1913, gross. 3127,039;
$61,788; balance, deficit, $13,358.-(V. 95, p. 1121.)
BEECH CREEK RR.-(See Maps N. Y. Central & Hudson River RR.)
ROAD.-Jersey Shore, Pa., to Mahaffey. 112 m.; branches to Phillipsburg.
Leased In 1890 to N. Y. Cent. &
to mines, &c. 53 m.; total, 165 miles. bonds
and 4% on stock, and since
Hud. River BR.for 999 years at Int, on
Pennsylvania division. V.68.
May 1 1899 operated directly as a part of itsguaranty,
52. p. 570. The
p. 872. Carries mostly coal and coke. See guaranty ofV.prin.
& int. See
bonds are endorsed with N. Y. Centmi's
Clearfield Bituminous Coal
V.52, is. 570. Guarantees interest on $717,700
75.
-(V.
"Industrials."
P. 1398.)
under
co.
that
-see
1940
1
Jan.
1st 48 due
Y.Cent. ct Hud Riv.)
BEECH CREEK EXTENSION RR.-(See Maps N.
m.;
15.77
Curwensvtlie,
to
Curry
-Clearfield, Pa., to Keating. 52.14 m.;
13.67 m.; branches.
Dimeling to Irvona, 26.76 m.; Mahaffey to Arcadia,leased
Cent.
N.Y.
to
line,
coal
low-grade
A
miles.
22.78 m.; total, 131.12
stock and $3.964,000
& Hudson River RR.(which owns entire $5.179,000
being guar.. p.del. Of the
consol. 4s) for 999 years from June 11905. bondsold
bonds. V.80. p.1174.
consols. $3,500,000 is reserved to retire, for 3.
1267.-(V. 82. p. 1267.)
1479: V. 81. 1). 30; form of guaranty, V.82. p.




Amount
Outstanding

15

BELLINGHAM & NORTHERN RY.-Beillngham to Glacier. Wash.
44.16 m.; branches, Hampton to Lynden. 5.31 m.; Bellingham to Squall
cum, 5.81 m.; spurs, 8.52 m.: yard tracks and sidings, 7.83 m.: total. 71.63
m. Incorp. Oct. 1912 in Washington as a consolidation of Bellingham Bay
& British Columbia Ry. and Bellingham Term. & Ry. acquired by Chic.
Milw.& Puget Sound By.in Mar. 1912. V. 95. p. 1121. Stock. $1,200.000. Year ending June 30 1914. gross. $331,205; net income. $112.613:
int.. rentals. &c., $49,902; bal., surp.. $62.711.-(V. 95. p. 1121.)
BELT LINE RY, OF MONTGOMER Y.-Owns real estate and a belt line
In Montgomery. Ala.. about 1 mile of track on Tallapoosa. Bell, Perry and
Columbus streets. Atlantic Coast Line RR. pays an annual rental equal to
bond Interest and difference between taxes, Insurance and cost of operation
and gross earnings from others than the Atlantic Coast Line. Atlantic
Coast Line RR. owns majority of $200,000 stock; par. $100. V. 92. D.
1242; V.93. p.43. Year ending June 30 1913, gross, $17.906; net. $11.250;
but. on bonds. $11.250; bal., none.-(V. 93, p• 43.)
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.-Owns 14
miles of belt road, lie. Leased for 999 years to Ind. Union-which see.
DIVIDENDS-Common
j1908. '09. '10. 1911. '12. '13. 1914.
4.5,3.0stk 0 13
)
15
a1
i-3
Since 1907
, 3%6
12
4%; April, 5%%; iily.
(semi-an.
In 1914. Jan..
Mortgage trustee, Union Trust Co., Indianapolis. V. 89, p. 40: V. 92
p. 1242. Pres.. S. E. Rauh. Indianapolis, Ind.-(V. 98. p. 72, 1070.)
BELT RAILWAY (OF CHATTANOOGA. TENN.)-Owns 49 miles of
belt railroad in Chattanooga. Tenn. V. 67. p. 72.
Leased till July 1 1945 to Alabama Great Southern RR.; rental guaranteed to meet interest on first mtge. bonds, taxes and maintenance. STOCK
Is $300,000,owned by Alabama Great So. Ry. There are also 524.000 2nd
Income M.48 (tax-free).duo 1945,red, at par,int. at 4% paid in full to 1914.
BELVIDERE DELAWARE RR.-Owns from Trenton, N. J.. to Manunka Chunk, N. J., 67 miles; Flemington RR., lie., 14 miles: total operated, 81 miles. Leased to United Companies, and transferred to Pennsylvania RR. March 7 1876. Net earnings paid as rental.
Dividends.-1897 to 1906. 5% yearly: 1907 to 1908. 10% yrly.: 1909.
15%; 1910, Dec.. 10%; 1911, Dec.. 10%; 1912, Dec..7%; 1913. Deco 6%•
BONDS.-All of the outstanding bonds are secured by the consolidated
mortgage of 1875 for $4.000.000; sinking fund, 1% of outstanding bonds If
earned. The Miles 01 1885. 1887 and 1903 are guaranteed by the United
New Jersey RR. & Canal Co. Guaranty. V. 76. p. 918.
EARNINGS.-In 1913, gross, $2,062,661; oper. def.. $65,692; other
income.$60.816; Int., taxes, &c.,sinking fund and other charges,$196.846
add'ns & betterm'ts, $87.205; def., $288,928. Div., $75.710 (6%),charged
to profit and loss.-(V. 98. p. 154.)
BEN N ETTS V I LLE & CHERAW RR.--Owns Bollocks. S. C on Seaboard Air Line. via Bennettsville and Brownsville, to Sellers on Atlantic
Coast Line. 45 miles. Purchased by present owners about March 1907.
Stock. 3250,000. Dividends in 1912, 6%; 1913, 3%. Bond sinking fund
33.000 yearly. V. 92,'p. 116. Year 1912-13. gross, $99.795: net after
taxes. $24.288; int. on bonds, &c., $7.933: diva. (3%). $7,500; bal.. stir.,
$8.855. Pres., J. J. Hecker; Sec. and Treas., Geo. BurchIll. Office.
Bennettsville, S. C.-(V. 92, p. 116.)
BESSEMER & LAKE ERIE RR.-Leases Pittsburgh Bessemer & Lake
Erie RR.. Bessemer, near Pittsburgh, Pa.. to Conneaut Harbor, Lake Erie,
dec., with branches and spurs, a total of 241 miles. for 999 years.from Apr. 1
1901;owns 9 miles; total, 250 miles. V.72. p. 137. Stook. auth.. $500.000
Dividends paid: In 1904. 100%; 1905. 50%; 1906, 40%; 1909. 150%; 1910.
100%; 1911. 150%; 1912 and 1913, 200%. Controlled by Carnegie Co.
and so by U. S. Steel Corp. Guaranty on Marquette & Bessemer Dock &
Navigation bonds. V. 77, p. 1228; V. 76. p. 1358; V. 82. p. 160. For
year ending June 30 1913 (204 miles). gross, 39,012.362: net, 53.902.974;
other income, $120,507; int., taxes, &c., $2.222,463; divs. (200%). $1.000.000; bal.. sur., $801.018.-(V. 94. p. 1694.)
BINGHAM CENT. RY.(V.98,p.1607).BING. Ec GARR RY.(seep ,140
BIRMINGHAM Ec ATLANTIC RR.-Talladega to Coal City, Ala.. 31
miles; branches. Rogans to ore beds, 9 miles, and Furnace to Weisingers.
3 miles; total. 43 miles. Stook, $1,000,000, all common; par of shares.
$100. Bonds. $500.000 40-year 1st 6s. due Nov. 1 1931 (41.000 each);
int., payable M.& N.,in default. Year ending June 30 1913. gross. $23.345; op. def., $4.532; other income. $83; int., taxes. &c.. $43,026; bal.,
def., $47,475. In 1911-12. gross, $21.099; oper. def.. $1.816. Pres..
Sidney II. March: Sec. and Treas., W.J. Kingsbury, 25 Broad St., N.Y.
BIRMINGHAM & NORTHWESTERN R Y.-Jackson. Tenn.. northwesterly to Dyersburg, 49 miles. Entire stock ($300.000) and bonds
($800.000) are deposited as security for $450,000 3-year collateral trust
gold notes of the Birm. & Northw. Co. (of Dela.). guar. prin. & int. by
Mercantile Trust Co. of Jackson, Tenn. V. 96. p. 1295. Year 1913-14.
gross, $127.940; net, $56,540; bond int.. $10,571; bal.. sun. $15.969.
Pres., A. B. Tigrett; Vice-Pres., C. W. McNear; Sec., R. F. Spragins)
Treas., J. E. Edenton. Office, Jackson, Tenn.-(Y. 96, p. 1295)•
BIRMINGHAM & SOUTHEASTERN RY.-Owns Union Springs to
Eclectic, Ala.. 48 miles. V. 94. p. 1316. Stock. $700,000. Of the first
6s of 1911,$511,000 have been issued. V. 93, p. 43; V. 94, p. 1316. Year
ending June 30 1914; gross. $135.604; net income. 351,738; int., taxes, lie..
$49,705; bal., sur., 32,033. Pres., W. M. Blount, Union Springs, Ala.(V. 94. p. 1316.)
BIRMINGHAM TERMINAL CO.-Owns passenger terminals at Birmingham, Ala. Stook all owned by the Illinois Central, Southern Ry., Seaboard
Air Line, Central of Georgia, St. Louis & San Francisco and Alabama Great
Southern, which lease the property and pay all expenses, charges and 4%
dividends on the stook and jointly guarantee the bonds. Of the bond.
($3.000.000 authorized). $1.060.000 are reserved for additional properties.
V.83, p. 1227; V.85. p.404. Guaranty, V.90, D.848.-(V.90,p.848.)
BLOOMSBURG & SULLIVAN RR.-Owns Bloomsburg to Jamison City.
Pa., 29 miles. Stock Is $600,000; par, M). V. 66. p. 80, 952. Year to
June 30 1914. gross. $88.775; net. $31,185; other income. $424; charges,
$39.160; bal., def.. 37.552. In 1912-13 gross, 3107,057; net. $35,679.
-(V. 66. P. 80. 952.)

16

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

[VoL xcix.

I Miles Date
Par
When
Last Dividend Places Where Interest and
Rate
Amount
' Road Bonds Value Outstanding
%
Payable and Maturity
Dividends are Payable
I
-_ __ 1911
$1.000
M & S Moll 1922-1932 HomeTrCo,Hoboken.NJ.
5
$550.000
Bessemer& L E(Con)-Meadyine eq tr due $55,000 yly a,
yrly
to
1932
x'
$75.000
1912
Albion eq tr due
J & D June 1923-'34
5
950.000
1,000
do
do
91 1910
500 40
6 g J & J July 1 1920
47.000
Guaranty Trust Co. N V
Bing & Oar-lst Mg gu red 110 cony to July 1 '14-..x
Birmingham Belt-See St Louis & San Franc:see
tr g notes red 101-- _CCx- - 1913
Cent & Corn T&SI3k,Chl
& S Mar 1 1916
M
6
450.000
1.000
Birm & N W-B & N colt 13,000.000
g red 107-y4 _cex
4-FS 1011
Central Trust Co, N X'
Al & N May 1 1961
6g
100 4c
511,000
Birm'h & Southeas-15t M
48 1914
General and eqt M gold red 101 $1,500,000. --Col
100
Columbia Trust Co
6 g F & A Feb 1 1924
155,000
5.9 1907
Birmingham Terminal-let M 33.000.000 gold guar x
Equitable Trust Co. N V
4 g 14 & S Mch 1 1957
1.000
47,000
FPx
29 1898
Bloomsburg & Sullivan RR-lst M
100 4c
F I T & S 0 Co. Phila
J & J Jan 1 1928
5
256.100
Second mortgage income non-cum $200,000_ _ _FPx
29 1898
Reg Bloomsburgh.wh ear
1928
Jan
I
100
4e
J
J
&
5
199,600
Lovalton-First
m
3675,000 gold call 110_xe•
56 1903
II S M & Tr. N V: & 8 l'
1.000
Boca &
A & 0 Apr 1 1923
511.000
6g
Boonville St L & South Ry-lst M g gu red 107 14--Eq
New York
-. 1911
1.000
500.000
.5 g
F & A Aug 11951
392 __ _ .
Boston & Albany-Stock ($30.000,000 authorized). _
100 25.000.000 See text 0-12 Dec31'14.2.1(
% Office, Term Stat'n, Bost
Bonds (not mortgage) guaranteed prin and Int __zo
__. 1902
do
1.000 3.858,001)
do
3 4 A & 0 Apr 1 1952
___ 1901
Bonds (not MI 31,000.000(V 71.p 1218Y 72.944)-z
do
1.000 1.000.000
do
3 ti J 4 J Jan 11951
Trript bds (not mtge) 34.500.000 doe 1934 gu p & l_z ._. '08-'10
1.00(3 13.500.000
do
do
May
1
'33-34-35
11
&
N
4
___ 1912
Impt bonds (not mtge) $1.000.000 guar. p. & 1 z
1.000 1,•0),000
do
do
4 4 J & J July 1 1937
do $2.015,000 gu p&i_zes&r
do
___ 1913
do
do
do
1.000 2.015,000
J & J July 1 1938
5
___ 1913 1.000 &c 3.627.000
Bonds (not mortgage) $3,627.000,guar p&i_zcs&r*
do
do
1963
Oct
1
A
&
0
5
Boa & Low-Stk auth (37.679.400)
100 7.679,400
J & J July 2 1914 4% At Office, Boston
8
._ 1892
Bonds 40 years not mortgagez __ _ _ See description
1,000 1.000.000
Merch Nat Bk, Boston
A & 0 Apr 1 1932
4
do
z..._ In "Investors'
do
___ 1895
Bonds 20
1.000
do
do
500.000
M & S Mch 1 1915
4
do
z.___ Supplement"
do
Bonds do
___ 1896
1,000
do
do
750.000
July
1
1
&
J
4
19111
do
z.___ of April 1895.
do
Bonds do
..._ 97-98
1.000
do
do
414.000
A & 0 Oct 1917 & 1918
4
do zo`___. 9. 2.
do
Bonds do
...- 99-'01
1.000
do
do
939.000
314 J & J 1919 & 1921
do ze __ _ Boston &Maine
do
Bonds do
1903
1.000
do
250.000
do
314 M & N May 1 1923
z._. gives a rental
do
do
.__ 1905
Bonds do
1,000
500,000
do
do
334 M 4 S Sept 1 1925
z._.. guaranty torn
do
do
Bonds do
___ 1906
1,000
500.000
do
M
&
4
do
N
Nov
1
199
6
do
zo____ years.
do
_ 1907
Bonds do
1.000
325,000
do
J & J July 1 1927
4
do
do
z.___
do
Bonds do
___ 1906
1.000
350.000
4
A & 0 April 11920
do
do
do zcs____
do
Bonds do
-_- 1913 1.000 &c 1,000.000
F
&
A
Feb
434
do
do
1
1933
OR
Boston & Maine-Stock, common and scrip
--- --__
100 39.505.100 See text 0-1 Apr 1 1913 I At Off, Causeway St.,Roe
Preferred stock 6% non-cumulative
OR
___ __
100 3,149,800 See text M & S Mch 1 1913 3%
do
do
Improvement bon& s f not mortgage or subj to call_z
.._ 1887
1.000 1.919.000
4
F & A Feb 1 1937
do
do
Bonds (not mortgage) for improvement & ref_zo4r
___ 1892 1,000 40 2,500,000
4
do
F & A Aug 11042
do
ze der
Bonds (not mortgage) gold
_ 1594
1.000 6.000.000
44 g I & J Jan 1 1944
do
do
Bonds exchanged for Fitchburg stock(V 70,1)175)_z - 1900
1.000 5.4'4.000
3 g J & 1 July 1 1950
do
do
z
Bonds (not mortgage). $1,000.000
1901
1.000 1,080.000
314 111 & N Nov 1 1921
do
do
z
Bonds 32,000.000 (not mortgage)
1903
1.000
2.000,000
J
&
do
Jan
1
1
do
1923
334
z
Bonds (not mortgage). 20-year
1905
1.000
314 F & A Feb 2 1925
500,000
do
do
zeda
Bonds (not mtge). cur
- _1900 1.000&c 10.000.000
4
$1'& S Sept 1 1926
do
do
BOCA de LOYALTON RR.- Owns from Boca..on Centre Pacific main and in Feb. 1913 $10,000,000 one-year 5% notes to subscribe for Me. Cent.
Loyaltoa.
to
via
northwesterly
Beckwith.
40
miles; 6 miles additional stock, &e. V. 96, p. 1487, 1555; V. 98, p. 452, 385, 234, 609.
line,
main line and 10 miles of branches; total. 56 miles. The Denver & Ric
The $15,960,100 Maine Central RR. stock (64%) held by the Boston &
Grande June 30 1914 owned 51% of stock.
Maine RR. was sold on Apr. 1 1914 for $3,000,000 and $12,162,000 5-year
of
shares.
$15.
par
Bonds
cover also Roberts Lumber 5% notes
Stock. $1,200,000;
of the Maine Rye. Cos., a voluntary association. secured by deCo.'s property, comprising 52.769 acres of pine lands, water-works, dsc. posit of the M. C. stock. V. 98,o. 911, 1244.
Mercantile Trust Co. of San Francisco is mortgage trustee. They are subOn Juno 2 1914 the holders of the 827,000,000 notes wero offered the
at
110
and Interest. V. 76. D. 1191. For year option of extension to March 2 1915 on the basis of 6% per annum in int.,
ject to call for sinking fund
ending June 30 1914, gross, $74,704; net, $9,034. In 1912-13, gross, $92,- payable in advance, or of extending 60% on the same terms and receiving
434; net, $20,948; int., &c., $62,939; bal., def., 841,991.-(V.81,p.667.) 40% in Maine Central Rys. 5% 5-year gold coupon notes at par. To
BOON VILLE ST. LOUIS & SOUTHERN R Y.-Boonville to Versailles. Sept. 11 1914 $25,381,000 notes had been exchanged and settled for (includMo., 44 miles. In June 1911 sold to Missouri Pacific. $500.000 1st Es, ing the payment of judgments obtained on notes aggregating $350.000, the
being guar.. prin. and int. V.93, p. 285. Stock. $250.000; par of shares. total Maine Cent. By.Cos. notes put out having been $2.858.000.) Suits are
pending for non-payment of notes amounting to $583,000. V. 99, D. 1126.
$125.-(V. 93. p. 228, 285: V. On. P. 968.)
This extension is made/to enable the company's affairs to be put on as table
BOSTON & ALBANY RR.-Owns from Boston, Mass., to Albany, N. Y.. 1126. This is done to enable the company s affairs to be put on a stable
basis and provide for future capital requirements by unifying the companies
200 miles; branches. 104 miles; leased lines, 88 miles; total. 392 miles.
the
New
York Central & Hudson River RR. comprising the system and acquiring the right to issue pref. stock and a
Leased in 1900 for 99 years to
for guaranteed rental of 8% per annum on the 325.000.000 stock, payable mortgage on the combined property securing all outstanding bonds and
organization
expenses,
interest on bonds, taxes, notes. Time will be needed to work out a plan and obtain necessary legis40.),
30,
quarterly (Mch.
expenses of maintenance, 40. The B & A. received for certain property lation. See report of expert. V. 98, p. 1691. V. 98. p. 1535, 1691, 1765;
Y.
Central
N.
in
334% 100-year deben- V. 99, p. 673; V. 99,p. 1126.
$5,500.000
the
lease
included
in
not
Boston & Maine guarantees 31.328.000 first Sc of St. Johnsbury & Lake
tures, thus adding .77% per annum to 834% guaranteed on stock. See lease
Lawrence 4s. Jointly
In V.69, p. 282; V.69. p. 1061. 1102, 1246; V. 70. p. 74; V.71, p.645. 963. Champlain. Also interest on $274.000 Manchester &Station
with
(now Portland
for
trackage
rights
Hartford
over
Maine Central guarantees 3300.000 Portland
H.
&
N.
Y.
N.
the
The arrangement of
1323. Under Joint lease with Maine
the road made in July 1911 and for a half share in the net results of opera- Terminal) bonds. V. 93, p. 940.provides
for int. on that co.'s 4% bonds
tion was canceled as of Jan. 311914. V.98.p. 154; V.92. p. 1177. In Oct. Central, Portland Terminal Co.
V. 95. p. 1332; V. 96, p. 419. Loans and bills paya1912 the New Haven and N. Y. Central made a joint arrangement to pro- (114.500.000 issued). notes
payable shown above,$27,000,000. V.96,p.1364.
ble June 30 1913,incl.
vide for about $6,000.000 equip. for Boa.& Alb. V. 95. p. 1039, 1332.
1913.
DIVS.- 1'93. '94-'98.'99.'00-'07.'08. '09. '10. '11. '12.
BONDS.-The $11.500,000 25-year 4% Inapt. bonds are guar. prin. and
1, 1.0. 0
7 yly. 634 6 6 5 4
yly.
be
Common
6
634
mortgages
can
8
No
(70)1
River
RR.
Hudson
Central
&
int., by New York
In 1913 dividends on both stocks were suspended. V. 97. p. 363.
placed on the property without jointly including the bonds in the lien.
Gross, $8,606,987; net. 81,934,822
V.86. p. 1099; V.89, p. 102: V. 91. p.398. In June 1912 sold $1.000,000
EARNINGS.-2 mos., 11914
25-year 434% bonds. V. 94. p. 277, 1055. 1316, 1625.
Gross, 8,997,283; net, 2,501,982
11913
July 1 to Aug. 31.
In July 1913 sold $2,015.000 25-year 5% bonds for impts. and $3,627,000
ANNUAL REPORT.-Report 1913-14 in V. 99, p. 1126.
50-year 5s dated Oct. 1 1913. to refund 4s due Oct. 1, both guar.. p.& I. by
1912-13.
1913-14.
1911-12.
EarningsN.Y. Central. V. 96. p. 553, 651. 946. 1365. 1489, 1838; V. 97. p. 1838.
$16,415,252 $16.610.446 $16,178.131
EARNINGS.-8 mos., 1914
Gross, 811,015,637; net. $2.595,600 Passenger
27,866,098 28.692.688 26.811.513
Freight
Jan. 1 to Aug. 31.
Gross, 11.626,491; net, 3,022.783
11913
3,210,372
3,132,555
3,000.420
Mail, express, &c
D/VIDENDS.-Since 1900, 834%. viz.: 2% each in March and Sept..
234% In June and 234% In Dec.
$47,413.905 848.513.507 $45,990.364
Total operating revenues
$8,760,459 $9,930.595 $9,832,993
EARNINGS as reported to State Railroad Commission by lessee:
Net income (after taxes)
6,487,256
7.333.587
6.459.043
Year
Operating
Oper. Inc.
Other
Balance, Rentals, sinking fund. &c
Interest,
3,317,915
2,547.311
2.083.703
June 30Revenues. (after Taxes). Income. Divs., &c.
Deficit. Interest accrued
188,988
188,988
1913-14
$16,835,041 $3,403,847 8356,055 $4.543,460
8783,558 Dividends on preferred stock (6%)_
stock
(3)1.185.15
0
(4)1.578.963
1912-13
16.957.367
common
4.118.838
Dividends
on
266,497
4.590,173
204,838
-(V.97, p.49, 116. 886, 1356; V.98, p. 154; V.99, p.536.)
$2,044,742def$1.324.441 def$477.703
Balance
BOSTON & LOWELL RR.-ROAD.-Owns Boston to Lowell, 26 miles;
OFFICERS.-President, James II. Hustis; V.-P. in charge of financ,
branches-Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
Hobbs;
Treas.,
Herbert E. Fisher. Office, BosJ.
William
others, 45 miles; Middlesex Central. 11 miles; leases-Connecticut .5c Pas- and accounts,
eumpsio, 146 miles; Nashua & Lowell. 15 miles: Peterborough, 10 miles: ton.-(V.99, p.47. 118, 604, 673. 1051, 1126, 1129, 1213.)
Northern N. H.,83 miles (and subsidiary lines 90 miles); Stony Brook RR ,
BOSTON & PROVIDENCE RR.-Owns Boston, Mass., to Providence.
15 m.; Wilton RR., 13 m. Leases mostly assumed by Boston & Maine%
B. I., 43 miles; branches, 20 miles. Road Is to be electrified and fourwhich has authority to purchase stock. V. 92, p. 1108; V. 93, p. 939.
V.95. p. 235. Leased 99 years April 1 1888 to Old Colony RR.;
tracked.
Leased In 1887 for 99 years to the Boston & Maine at 7% per annum on
rental 10% yearly on stock, lease being modified in 1912. V. 05, D. 235.
stock till Jan. 1 1897 and 8% thereafter. V.95, p. 1330.-(V.98,p.1243
.) The New York New Haven & Hartford on June 30 1913 owned $524,600
BOSTON & MAINE RR.-ROAD.-The system with Its many branch stock. In May 1912 a Mass, law was passed permitting company to make
lines covers the territory from Boston. Mass., to Portland. Me. (two lines). a mortgage to secure not over 58,000,000 bonds,due in not exceeding 75
Springfield,
Sherbrooke, Can., Rotterdam Jct. and Troy, N. Y., years and bearing not over 4 Si% interest, and also securing the bonds formerly Issued, guaranteed prin. and int. by N. Y. N. H. & Hartf.RR.,to
Worcester, Mass.,
Mass.,to Portland. Me., and most of New Hampshire.
Lines owned.
Miles.
Lines leased-(Concluded). Miles. provide for electrification, additional tracks, elimination of ern& crossings.
Boston, Mass., to Portland. Me.,
The New Haven road is to make a small annual contribution to toe
&c.
Fitchburg
a458
via Dover
115 Nashua & Lowell
015 sinking fund to cancel the bonds at the expiration of the lease. V. 94. P.
Boston to Portland, via Portsm. 108 Connecticut River RR
1249, 1507; V.95, p. 235.678. 817.-(V. 95. p.235.678,817.)
a81
Jewett. Me.. to Intervale, N. H_ 73 Other
36
BOSTON RAILROAD HOLDING CO.-Incorporated in Massachusetts
Portsmouth Electric By
18 Trackage rights
10 June
18 1909 under special Act with power to hold securities of Boston &
Portland Jet.. Me., to WorcesMaine. The $100.000 original stock is held by the incorporators; N. Y.
ter, Mass
148 Total operated July 1 1914
2,302
11.
& Hartford owns remaining $3,006,500. V. 88. p. 1618.
N.
North Cambridge to Northamp2d track (3d & 4th track, 10) 591
Owns $21,918,900 common ana 3654.300 pref. stock of the Boston & Me .
ton, Mass
96 Controls:
of stk., for which has been issued $27,293.900 non-voting 4%,cum.
00
52.0%
branches
196
St.
Sundry
Johnsbury & Lake Champ. 125
pref. stock, redeemable at 110, guar., prin. & dive., by endorsement by the
York Harbor & Beach
Lines leased. a See this company.
12 N.
Y. N. H. 6:15. RR., of which N.Y. N. II. k It. on June 30 1910 owned
a469
Vermont Valley
Boston & Lowell
24 $24.493.900. V.93. p. 870. 1461: V.94,p. 205; V.95, p. 968. The Mass.
a479
Sullivan County
Concord do Montreal
26
is to be asked to authorize the company to sell the
The N. Y. N. H. & Hartford RR. Co., which has exercised control Legislature
& M.stock, which has been transferred to five trustees, as stated above
through the Boston RR. Holding Co. owner of 52.9% of the stock-see that B.
Boston
& Maine RR. V. 99. p. 1213; V. 98, p. 999; V. 92, p.
title
under
co. below), agreed Mch. 21 1914 at behest of U.S. Government to part with 117. 185. 259, 460; V. 90. p. 1612.
its holdings so that the two systems might again be independent. V.98.9•
For year ending June 30 1914. total income, 8565; exp.. 82.786; taxes,
transferred
stock
has
been
to
company
five
trustees,
234. The holding
826,621; divs., $1,091,756; bal., def.,81,120.598. By vote on Dec. 31 1913
MarcusP. Knowlton and James L. Doherty of Springfield, Mass.; Henry B. $6 per share was charged off of value of Boston & Maine stock, 81,315.134.
Day and Charles P. Hall of Boston; Frank P. Carpenter of Manchester,
Pres., Marcus P. KnowIton.-(V. 99, p. 1213.)
to
protect
the
minority
N. H., and, after arrangements have been made
BOSTON REVERE BEACH & LYNN RR.-Owns narrow-gauge road
stock of the holding co.,they are to sell the B.& M.stock before Jan. 1 1917.
Legislature
by
July
Mass.
1915,
with
the
arranged
from Lynn to East Boston. Mass., 9 miles. connecting with Boston by comIf satisfactory terms are
the plan is to be approved by the Court, otherwise the latter is to fix the pany's ferryboats; East Boston to Winthrop. 5 miles; also Winthrop to
terms. V. 99, p. 47, 120, 198, 270, 467,1129, 1221. Report of expert on Point Shirley, 1 mile. V. 94, p. 982; V. 95, p. 1121, 1402. In June 1914
condition and requirements of system, V.97, p. 1731. Report of RR. Com- merger with other roads in Boston district was suggested. V. 98, p. 1844.
missioners, Dec. 14 1913. V. 97, p. 1818. 1820. As to unification of sys- DIVS.- I '97-05.'06. '07. '08. '09. '10. '11. '12. '13.
1914.
tem lines proposed in May 1914, see BONDS below. V.92. p. 1108.
5 6 6 6 734 6 6 134. 1%,1%. 1%
Since'94-1 2 yly. 4
The Hampden RR. Corporation, completed June 23 1913. from SpringNet. Int.&taxes. Divs. paid. Bat„SUF.
Yr. end. June 30- Gross.
field. Mass., to Bondsvllie, with branch to Holyoke, total 30 miles/. 1913-14
$1,009,283 $130,301 868,599 (6%)851,000 $10702
has not been operated owing to the failure of the RR. Commission to ap- 1912-13
123,883
71.185
1.003.492
(6%)51,000
1,698
prove an arrangement. On July 2 1914 the Ilampden RR. brought suit -(V, 97, p. 174, 1424, 1502; V. 98, p. 154, 385, 1844.)
liability
,
"
of
"contract
to recover 83,500,000 to $4,000.000 on the alleged
tho B.& M. V. 99, p. 47; V. 98. p. 72,452, 1920; V.96, p. 1020; V. 97,P•
BOSTON TERMINAL CO.-Owns Southern Union Depot in Boston
948.
opened in 1899. V.68.p. 40; V.69. p.591. Boston & Albany, New EngBONDS.-As to debentures, see issue of April 1895. In May 1913 sold land. Boston & Prov.. Old Colony and N. Y. N. H. & Hartford RR. cos.
$17,000.000 one-yr.6% notes to retire notes duo June 10 1913 and for lmpts. each owns one-fifth of the $500,000 capital stook and payee rental in monthly




RAILWAY STOCKS AND BONDS

Our.. 1914.]

17

Bancroft

Haliburton

GEOBGIA\N

Sharbot L
G.T. Jc,

B A

ezi•

Coboconk

y,land'

Brockville

Tweed

Orillia

k eafor
V
4tiko

Owen
Sound

cnwoe
COnillgIVOOd

TRu"KAllenda

Llndsa

gna

Blaclu

Durham

ter

Bell villa
Trenton
lausw

Port Hop

kers Harb—
.
c‘
/
i
/0 Richl nd

eton Jc.
Orange V.
arrison

•

..,. •
,
TON 7',41:
""•—•
4 ;•ss

N

0

Fergus

Berl'

.71). c4-_,

91,0
'

, . : ,,_ -

Hamilton
Ai•

Galt

tratford °O.

i ton

oo.:- •
o

,A,

•
.* Mt.Morris

CU Falls
-R

dec....,''..e0na•

1-

Du,
Broc

V
....vorti,

4
,
4

D
ij
e
lt
itlis4eC
reitc
A

A

Wallace Jc.

Li eaut Harbor

a.
orry

Union City

E.Tte"
Bingham it/-

Warren
v•
ambridge Sprs.

Meadville

Kushequa

6

7,

a

Hickory

ct.
Meadville

Kane

tC

o•

01
/-•

4.
Greenville

.40t.

S t"A

Trati;fer

Y

Watkins

v

8.

Etten

Hornell
Eam
Wellsville

Corning
Addison

Ws verly

Sayre

LaAgiiPAPTe ceville

Smethport

Ulysses

r

owanda

NEWTON
MT:JEWETT
Freeman
Hutchins
Rasselas
Ketner

Fall Brook

Hoytville

CLARION,4C.
OHNSONBURG
Whistlet01
/
4v11
RI DGWAY
VDUS

Cross Fork
Ralston
Slate Run

'VA

PO
!Br HILL
•
0
01,N o EIROCKWAYVILLE
nklin
pELLWOOD
o•
ReyN
4
1-• • • • 00
,
14Es
MILLS
04
•w.
.1tx?i,V31,4uit
4
•-/
•
tt,
444rgas GREEK
0 •
o
P.RY, s.
y. c.41&
I
P
•".,
ov sots B.R.&
9 09 ,•; 0
•••
•
ock
••
t'
<,
•••!
A
00),..4
\
,
44‹.s,#c„%.,:o.,."..8
0 1
7
0
vg..4.X,'
•
,
•
(..‹.,\
0
•<,.•• tp •
•,..,
.."
.
,
t. 4
600 .t,•
4
.• 44.0'
1 0 A .0•
*., *SA
ts 0
,$)'
1•44-g•
-Y
e
.
j*ce 1
"
.
.
04: °
are•%, c,.. (ity0,
••••
.•
C. 4444:
41:2.,,Vi40"'••• a,
4%
4A
0
41,.
...„,tw vw,
,
,
,,, .
co• 4.'4" • ...V 4
Mahaffey
.0*
o
t....
03:0 IIII
.
La Jose
V,ik
0
A
t
•••
'
.
„tly re.
,,-.•
Jc.
,,,•..
Irvona
Center
G4, O
'Z' )
s i
0
Tyrone
• ChaluberavIlie
Y'05''
0CREEKSI DE
• • Ernest
tc4.'
CERNE MINE
•DUIrtt
• 9.
Luccnixe 4C.r•
E.1
s
t
Meltarg s,
Altoona
00
Huntington
•
•
• •
•
• 0 'V
ti1,4
Cresson
Oil City,

enango

eeville
.ort
.Burdett •, thaca

le 7

0

Lakel
l4
vol
od

ke

Hammo

e

•
• Great Valley
SALAMANCA 00 EAST
SALAMANCA
Klilbuck
CARROLLTON
Riverside Jo.
Limestone
Jamestown
State Line
East BrarforA
BRADFORD
nii.T•111.— Eldred
Custer City
tio•art
Lewis It

C autauqua
Chau

Cayuga
Lake

cD

•ASHFORD

Mayville
7
7-----------------;')---..

ts•

,;11i LA
et
,P4gt

0?.\c
\ L.

Na ayianic(etu
les
. ig_l
kS
eey
eVa
'c

o PERRY
•
LivE
cil
•s
rs
ye
pr
il
take

Bath
°
•

.4.

ayt's Curs.

:.1"....-6.11:4Pets".11ecastile
,,Erkj:9876
•,),
Portage
.•*;47%

V.

e.•
R
Cayll

enn Ya

•

East Coneord.•
SPRIINCVICEE
Cascade Park
•
Heyts
•
Rlcevifle •
West Valley
Dayton

Weedsport

Lr,tgua

0,c1;e
ttv0e
6rPek47030
,
Ha v
L4orpi.0

7
,

c. Lyons& "
8
'
''t•

•

W.Yo°4"er4
,acliasc11na it, 8441114/ •

•

t"

Sodus0Pt.

`9
1
7
4
,
i
1N
•
e
Canandaigua
„,.
G.
N.
o . `..84 W.JC.
Canan
Pass lioM en.

4
_Pe

..1
)
-

y.

c

Tonawanda

Jarvi

ult

, , , ii:A
p,„4„8 • ROCHESTER

Albion

Batavia

,,Ossveg

v •:--

.0•
.
A,

'War

.i. ,A.

...,,,,D.

taws,
..7.--------7—
• .0
.73,-Eltiktg
Lockport
rewiston
ez.a.„ 8
0,44
%10
0
e
7
.4
Suspension Bridge
".` Newark
---P4
°4'61/11°
,Niagar
'
a Falls
P. ,t. 4ozt.letki t

10.344
'
Paris

.
2

/

/ <
0
...
iT;:?P a_4111'1'•

•

Guelp
oao°

Cla

Kingston
Napanee/

Peterborodez.
Harw
hi'.

4

N

I

A

L

4s Psi,

tp

z

4>

so4

a.
14.

ALLEGHENY

‘
4,7

Sunbury

ewistown

ny.

01

Harrisburg
Johnstown

Salemville

MAP OF THE
Latrobe

s.
Cochran
Bedford

+4.S.
Washington

Wheelg




Reading

LADELPHIA

Po,

Blairsville

/PITTSBURGH
klb

Potts.
vine

IIwoo

Morath

0

.4
1

0CO-t
li°"`e""Vol41° Kaylior

North Bessemer

C.

‘
„q
$*

CokevIlle-

`arnegle
C.

c".,

'
e0° ,.,.+9̀ '

4,44,

cc.
0
.

a.

0
0.s..,,,,wm:1:/
1
44,•••Sor•••^'. &

BUFFALO,
ROCHESTER
AND

PITTSBURGH
RAILWAY

18

RAILWAY STOCKS AND BONDS

[VOL. xcix.

Par
Amount
Mita Date
Rate
When
Last Dividend Places Where Interest and
RAILROAD COMPANIES
%
Road Bonds Value Outstanding
Payable and Maturity
Dividends are Payable
(For abbreviations, &c., see notes on first page]
4 ss A & 0 April 1 1929
__1909 51.0001to 311.700,000
M)$12.000.000_zo&r
Chase Nat Bk. NY&Bost
Boston &Maine(Con)-Bds(notassum
500
J
de
13
1,000.000
&o
1877
73
z
June
1
434
1937
New York and Boston
Portsm Gt Falls & Con 1st M
4 g J & J Jan 1 1935
150,000
imp
{47 1905
Amer Trust Co, Boston
Worcester Nashua & BOO!' first mortgage equally)
J & J Jan 1930
4
735.000
1,000
47 1890-3
zi
do
secured
do
A & 0 Oct 1 1934
4
380.000
1.000
47 1894
do
do
z
1913 5.000 &c See text
F & A Feb 3 1914
5
One-year notes (see text)
D
See
text
&c
June
1
J
&
1.000
1913
_-_
text)
z
1914
6
(see
do
do
Q-J Oct 1 1914 234 Treasurer's office, Boston
___
100 4,000.000
63
10
Boston & Providence-Stock 10% guar 99 yrs Old Col
1.000 2,170.000
___ '8-'93
J & J July 1 1918
4
do
Bonds, to be secured by new mortgage(seetext)zo•
do
-------100 27.293.900
J de J10 July10 1914 2% Old Colony Tr Co•Boston
4
Boston RR Holding Co-Pref stk 4% cum red 110_zgu
-------100
850,000 6 In 1914 Q-J Oct 1 '14 134% Office, or checks mailed
Boston Revere Beach & Lynn-Stock $1,020,000_ _z
State St Trust Co Boston
1.000 1,000,000
434 g J & J15 Oct. 15 1927
1st M (V 65. p 68; V 83.9 379) $1.000.000 gSBzo‘der 13.20 1897
Text Feb 1 1947
33.5
Merch National Bk. Bost
___ 1897 1.000 &a 14,500,000
Boston Terminal Co-First mortgage curr_ _OB._zo&r
Brinson Ry-See Savannah & Northwestern RR.
St Louis Union Trust Co
5 g ,1 & J Jan 1 1930
300,000
1,000
--- 1910
Brownsville & Matam Bridge Co-lst M gold guarS8tx
New York Trust Co.
N x
M & S Sept 1 1931
4
93,000
1.000
-__ 1911
Gold bonds 3100.000 guar jointly
U S Mort de Tr Co. N 'Y
5 g J de J Jan 1 1941
6 1891
1.000 1.000.000
Buffalo Cr-Con(now lst)M$1,000,000 g int as rentc•x
do
do
___ 1910
1.000 1.000,000
1st ref M $5,000,000 g red 105 since July '12_ Usmx
5 g J & J Jan 1 1961
Buffalo New York & Erie-See Erie Railroad
-------100 10 500.000 See text F & A Au6 15 1914 2 36 Wall St, New York
Buffalo Rochester & Pittsburgh-Common stock - _Tr
do
do
Pref stock non-cum common 6% then pro rata_ _Tr
100 6.000.0006 in 1914 F & A Aug 15 1914 3
R & p 1st If gold Rochester to Salamanca_ Un.zo•
109 1881
do
do
1.000 1.300.000
6 g F & A Feb 1 1921
Rochester & Pittsburgh con Mg
Un.ze•
do
1.000 3.920,000
234 1882
do
6 g J & 13 Dec 1 1922
253 1887
B R & P first gen mtge ($10.000.000) gold-- Un.zo•
do
do
1.000 4.427.000
Sept 1 1937
5g
M
&
S
Un.ze•
1,000
10 1889
Lino P & Chart 1st M gold guar
do
5 g J & J Jan 1 1939
350.000
do
$35,000,000
mtge
gold_
consol
_Ce.x.c•
&r
360 1907 1,000 &c 9,712.000
B R &P
do
do
434 g If de N May 1 1957
Equipment bonds AS & C,each gold s f _
_ _(ix
___ '99-01
do
1.000 2.438.000
do
43i g lif do N May 1919-20-21
do D 32,000,000 gold red 105 sink
__-----___ 1902
do
1,000
do
749.000
do
434 g M & N Nov 11019
do E $2,000,000 gold red 105 sink fundx
___ 1904
do
do
do
1.000 1.156.000
May
M
&
N
435
g
1
1922
do F 33.000,000 gold red sinking fund.x
___ 1907
do
1.000 1.773,000
do
do
414 g A & 0 Apr 1 1927
de
G
$3,000,000
gold
Sinking
tuna
___
Gxc•
1909
do
1.000 2 640,000
do
do
4 g A & 0 Oct 1 1929
do 11 gold 3125.000 due yly text_0.xcs
do
1913
1,000 2,000.000
do
do
5 g J & J Jan.'15-Jan '30
--- ---Buff & Susa RR Corp-tat M 1310,000.000 g_Eq.a
100 &c 6.959.000
E. B.Smith & Co., N.Y.
4 g J & J Dec 30 1963
trust
bonds
343.000
due
semi-an_
Equipment
Usm.c
___ 1906
1.000
5
172.000
J & J Tan '15-July '16 Harris,Forbes & Co, N V
do
do
Ser C (V 85. p283) 345.000 s-a.PeP
--- 1907
1.000
5
270,000
F & A Feb '15-Aug'17 Columbia Trust Co. N Y
do ' Ser D $15.000 semi-annually
do
1907
F & A Feb '15-Aug'17 Penn Co for Insur. &O.
1.000
5
90.000
Us.c•&r
..... 1903 1.000 &c 6.000.000
Buff & Susq RY-lst M 36,000.030 g
May 1910 coup not Paid
411 g M & N Apr 1 1953
Equip. tr. bds. Ser B (V 85. p 39) $27,000 s-a_Usm
-__ 1907
1.000
A & 0 Apr '15-Apr '17 Harris,Forbes& Co,N Y
5
135,000
Bullfrog-Goldfield RR-See Tonopah & Tidewater Co
Burlington Cedar Rapids & Northern-See Chicago R ook isi and & Pacific R y.
Rurlinaton & Missouri Valley-See Chicago Burn/leo n & 0 ulnev..
installments sums sufficient to pay all expenses, charges, Interest on bonds
and 4% on stock. These companies are jointly liable for any delleienoy in
case of foreclosure. Reg. int. Q-F.; coup.. F.& A.-(V.93, p, 1598.)
• BROWNSVILLE & MATAMOROS BRIDGE CO.-Owns International
steel bridge over the Rio Grande River between Brownsville. Tex.. and
Matamoros. Mex., connecting the St. Louis & San Francisco and National
Rys. of Mexico. Incorp. in Arizona Aug. 25 1909. Stock. $500.000. onehalf owned by National Rys. of Mexico,and the other by St. Louis Brownsville & Mexico By.. which jointly guarantee both classes of bonds. 1st M.
$333,000 auth. See Nat. Rys. V. 94. p. 277.
BUFFALO CREEK RR.-Owns 6 mites of terminal road in Buffalo. N.Y.
In Dec.1889 leased for term of charter less one day to the Lehigh Valley and
the Erie RR., which together own entire capital stock of $250.000. Rental
is int. on bonds and 7% on stock. Of the Ist ref. bonds $1,000,000 are
issuable to retire the old 5s. V.92. I). 259. 5931 V.93. p. 43.-(V. 93.P.43.)
BUFFALO ROCHESTER & PITTSBURGH RAILWAY.-(See Map.)Operates from Buffalo and Boo!'.. N. Y.. to bituminous coal regions.
Miles.
Trackage (Concluded)miles.
Lines owned in feeWillow Grove to Pittsburgh. Pa_ 7
Buffalo Creek, N. Y., to Mt.
98 Penn. RR.-Penn. RR. Jct. to
Jewett, Pa
19
Shuman Run Y. Pa
59
Clarion Jct. to Lindsey. Pa
7
94 Other
Rochester to Ashford, N. Y
Leased-Stock not ownedCharlotte. N. Y., to Lincoln Park 10
70 Allegheny & Western-a
Indiana Branch
Punxsutawney to Butler. Pa..
36
Se%en branches
63
dco
TrackageErie-Mt. Jewett to Clarion Jot_ 21 Clearfield Is Mahoning-a
Clearfield to Beech Creek RR- 26
B.& 0.-Butier,Pa.,to Newcas_ 41
2
Ribold Jct. to Allegheny City_ 33 Mahoning Valley RR
Total June 30 1914 (a See separate statement for this company)--586
ORGANIZATION. ETC.-Successor in March 1887 to the Rochester &
Pittsburgh, which was foreclosed in Oct. 1885. per plan in V. 41, p. 516.
The entire capital stock ($4.000.000) of the Rochester & Pittsburgh Coal
& Iron Co. was owned (V. 66, p. 1088) and through that company in May
1896 control was acquired of the Jefferson & Clearfield Coal & Iron Co. (see
that co. under "Industrials") with $3,000,000 stock. In 1906 the stock of
the Roch. & Pitts. C. & I. Co. was transferred (subject to the lien of the general mtge.) to the Mahoning Investment Co., having 34,200,000 authorized
stock,in $100 shares. In consideration of 34.125.000 stock, the latter being
distributed Dec. 1906 pro rata in proportion of 25% among the holders of
By. common and pref. stocks. V. 83. P. 1468; V. 85. p. 414, 415; report.
V. 99, p. 892. For bonds of these coal companies see miscel. cos. Clearfield & Mahoning securittes are guaranteed.
DIVS..1 '01. '02. '03.'04-'06. '07. '08.'09.'10. '11. '12. '13. '14.
Common__ - -%1 4 4 534 6 y'ly 534 434 4 4
5
6 3, 2
In Aug. 19142% was paid on corn. stock. V.99, p.341. 534
The Mahoning Investment Co. In Aug. 1907 and Mch. 1908 also paid 2%
div. on its stock; Aug. 1908. 2%; 1912 to Mar. 1914.3% (134%
& S•)•
Sept. 1914. 1q. V. 88, p. 685; V. 94, p. 419; V. 99, p. 341. M.
Compare
"Organization' above, V. 85, p. 283.
BONDS.-General 5s for 35,573,000 are reserved for prior bonds &o.
The 335,000,000 50-year consols are to bear not over 434% int.. 13.0 0.000 were issuable at once, 318.145.000 to retire underlying obligations at
or before maturity and the remaining $13,855,000 to be reserved for future
requirements at not over 11,500.000 yearly, or such larger amount in any
year as stockholders may authorize. V.84,0. 867. 1306: V. 85. p. 39,414'
V. 86. p. 336: V. 87, p. 1009: V.90, p. 371. 558: V. 91, p. 400. 588 ; V. 95:
P. 361, 749; V. 98, p.999, 1070, 1155, 1315; V. 99. p. 118.
Equipment Bonds.-A sinking fund of 5% will retire series A. B &
equipment bonds annually on May 1. if rourchasable at or below par; otherwise to be applied to the purchase of additional equipment. V.68. p. 1131;
V.71. p.501; V.73. p.348. Series D and E have an annual sinking fund of
6% for purchase of bonds Sept. 1 and May 1, respectively, at 105 and int.; if
not purchasable,bonds may be drawn by lot. Series D & E may also be called
as an entirety at 105. Series F may be purchased by sinking fund at not
over par or drawn by lot at par and may also be drawn at 102 and Int. on
any int. day. V. 84. p. 1365: V. 85, p. 283. 414. 863. Series G have an annual 6% sinking fund to retire bonds at par and int.; it not purchasable,
bonds to be drawn by lot. V.89, p.468; V.91.p. 400: V. 93,0. 1785.939;
V. 94. p. 122: V. 97, p. 364. Series H are limited to $2,000,000, maturing
3125.000 yearly Jan. 1 1915 to 1930. V.97. p. 1582; V.98. p. 1459.
EARNINGS.-2 months to Aug. 31:
Net.
Other Inc. Charges,
Bal., Sur,
Gross.
$120,219
$553,405
3395.524
$1,922,136
3278.080
1914
124,705
688,397
364,728
448,374
2,162,128
1913
annual
year
ends
June
30.
The
meeting
ANNUAL REPORT.-Fiscal
Is held at New York on the third Monday in November. The report for
In 1913-14 carried
1913-14 was given at length in V. 99, p. 403, 413. total
tons of freight
8.176.430 tons of bituminous coal (out of 12.295,049
moved), against 7,980.201 in 1912-13.
1910-11.
1911-12.
1912-13.
Year ending June 30. 1913-14.
$10,709,535 $10,947,246 39,542,368 39,134,402
Operating revenue
6,668,221
6,359,845
7.889,256
8,174,960
Oper. expenses & taxes_
$2,774,557
32,874,147
$3,057,990
$2,534,575
Operating income....-33,615,075
Net (incl. other income) $3,355,798 34,076,708 33,653.725
674,186
674,517
693,804
688,389
Rentals
1,231,612
1,208.314
1,255,910
1.312,624
Int. on bonds, &c
10,069
4.564
1,497
16,433
Miscellaneous
125,000
125.000
125,796
74,105
New equipment
246,500
250,000
323,000
274,247
Equip, bonds retired
360,000
36,0000
360,000
360,000
Div. on pref. stock (6%)
(6)630,000 (6)630,000 (5)525,000(43i)472,500
Div• on corn• stock
$495,208
3506.330
$686,701
Balance, surplus
OFFICERS.-Pres., Wm. T. Noonan; V.-P., Adrian Iselin Jr. and
W. Emlen Roosevelt, N. Y .; Treat;. J. F. Dinkey, Rochester: Sec. and
Asst. Treas..1Ernest Iselin, N. Y.




Directors-Henry G Barbey, A. Iselin Jr., Wm, E. Iselin, Walter G.
Oakman, C. O'D. Iselin, W. T. Noonan, George Emlen Roosevelt, W. Emlen Roosevelt. Ernest Iselin, Lewis Iselin, Oscar Grisch. Samuel Woolverton. Hamilton F. Kean. N.Y. office, 36 Wall St.-(V.99. p. 403. 968.)
BUFFALO & SUSQUEHANNA RR. CORPORATION.-(See Map.)
Owns from Sagamore, Pa., to Wellsville, N. Y., with several branch lines,
incl. 15 miles trackage. Total mileage, 252. Incorp. in Pennsylvania and
succeeded Dec. 31 1913. per plan V. 97,p. 1503. the B.St S. RR.,foreclosed
Dec. 5 1913. V. 97, p. 1582; V. 93, p. 1596.
STOCK.-Authorized (par $100). common. $3,000.000: 4% pref. (n. &
d.), cumulative after Jan. 1 1915. $4,000.000. Will be held in voting trust
for not over 5 years: P. G.Bartlett and J. S. Farleo of N. Y.and Edward B.
Smith. Phila., voting trustees.
BONDS.-The first M.bonds ($10.000,000 auth.) are secured on the entire property and further by deposits of mortgages aggregating 31,437,724
on coal lands of the Powhatan Coal & Coke Co. and of all the stock of the
Addison & Susquehanna RR. and all the stock and bonds of the Wellsville
Coudersport & Pine Creek RR. Supplementary mortgage to be issued securing same bonds to cover other property. V. 73. p. 619.899; V.84,p.748.
Of the bonds, $6.959.000 have been issued. The remaining $3,041,000
bonds,or any of them,may bear not to exceed 5% interest and can be Issued
only for additions, extensions, improvements, acquisitions of property or
acquiring or discharging liens on property of corporations in which 90% of
stock is owned. Sinking fund for redemption of bonds at not to exceed par
and int.. $50,000 per ann. for 35 years, also all sums in excess of $50,000 per
ann. received on account of principal of any mortgages held as collateral
under such mortgage and any further payments authorized in case of issue
of further bonds or otherwise. V. 97. p. 1503; V. 98. p. 1765.
Estimated Income and Annual Charges (Compare V. 93, p. 1596).
From coal properties, actual for fiscal year end. June 30 1913_-4129.000
335.000
From operation: actual for fiscal year ending June 30 1913
75,000
Proposed through traffic agreement, average of receiver's eat.. _
Total estimated net income
Interest on new bonds
Dividends on new preferred stock

3539,000
3278.360
144,440

Balance estimated surplus after bond interest and pref. div_ -4116.200
BUFFALO & SUSQUEHANNA COAL Is COKE CO.-This company.
the stock and first mortgage bonds of which are owned by the B. Is S. RR.,
owns coal lands at DuBois, Troutville, Onondaga and Sagamore, Pa. Six
mines in operation. V. 77, p. 1301; V. 79, p. 2091-92: V. 82, P. 1322:
V. 85. p. 1266. 2d M. bonds, $2,200.000 and 1200.000 held by public
For year ending June 30 1913, gross, Coal & Coke Co.. 31,772.909. agst.
31.537,793 In 1911-12; net, after taxes, 3255.148. agst. $136.091; other inc.,
$43,336; int.,sink, fund and deprec..3288.379; bal., sur.. 310,105.
POWHATAN COAL Is COKE CO.-This company, all of whose bonds
and stock are owned by the B. Is S. RR., owns coal lands at Tyler and at
Sykes. Its coking plants have a capacity a800 tons of coke daily. Keystone
Store Co., total capital $85,000; owned by RR. Corp., 355,000.
Earnings.-For 2 months ending Aug. 31 1914 total operating revenue,
3259.521; net after taxes. $37,002: other income. $74.372; int., rents.
&c., $58,701; bal., stir., $52,670. Jan. 1 to June 30 1914, gross, $675,822;
net, after taxes,$14,060; other income,$167,010; int., rents. &c.,$166.233;
bal., sur.. $14,837.
REPORT.-For year ending June 3(31913 (old Co.), gross. RR..$1,838.674; net, after taxes, $485,821. against $284.203 in 1911-12; other Inc..
328.563; hire of equipment and rents. $178,763; bal.sur. $335,621. V.
(Chairman).E. R.
92.o. 1558, 1635. Directors (and officers); H.I. Miller
Dariow (Prest.). Edward B. Smith (V.-Prest.), Philip G. Bartlett, Radcliffe Cheston Jr.. Herbert II. Dean, Jacob S. Farlee, Percy C. Madeira,
W. Hinckle Smith, Julius F. Workum, Charlton Yarnall and Albert L.
Smith. F. E. Hall is Sec. and Treas.-(V. 98, p. 72, 385, 837, 1765.)
BUFFALO Fe SUSQUEHANNA RY.-Welisville, N. Y., to Buffalo,
lesv.
er
eeiei
86nm
ship.-Harry I. Miller Is receiver. Foreclosure pending. The op eration of the road was ordered to be discontinued on Nov. 1 1911 and the
road dismantled and sold. V. 99, p. 969, 112b.
The 3440.685 receiver's etts. due Dec. I 1913 were prald by the sale of
some equipment to the B. & S. RR. V. 97. p. 1662. V • 96. p• 1772.
Committee for First 434s,-William Salomon. Chairman; Geo, G. Henry.
25 Broad St., Sec.; Bankers Trust Co.. depos. V.90. p. 1238; V.91. p.1765.
BONDS.-See V. 74,p. 1040; V.16. p. 593; V. 79. p. 265.
Gross,
EA RNIN GS.-2 inns.,11914
3114
2:3
30
56
2
July 1 to Aug. 31. 11913
14
50;
4; op: def.,
$
15
15
4:6
-(V. 11. p. 4.69, 1129.)
"BURLINGTON."-See CHICAGO BURLINGTON Is QUINCY RR.
BUTTE ANACONDA & PACIFIC RV.-Owns Butte to Anaconda,
Mont., and west to Southern Cross, 60 miles; branches and spurs, 67 m.•
leases Stuart to Anaconda,9 m.; total, 136 miles, of which 77 miles operated
electrically. V. 97. p. 1114; V. 96. p. 135. Stock. $2,500,000, of which
Anaconda Copper Co. owns a majority. Dividends: 1910 and 1911. 6%;
1912, 3% and 150% in stock. Bonds ($5.000.000 auth. issue), of which
$3,000,000 have been sold, are guaranteed prin. and int. by Anaconda
Copper Mining Co. Redeemable for sinking fund at 105 on any interest
day beginning Feb. 1 1915. V. 98, p. 837. For cal. year 1913. gross,
$1,422,317; net, $314,905; other income, $20,092; after taxes, 3353.667:
int., taxes, &c.,$102,576;)bal.,sur.,$232.421.-(V. 98,P. 8374
CAIRO Is THEBES RR.-Owns Cairo, Ill., to the bridge across the
Mississippi River at Thebes. Ill., 25 miles. Leased to St. Louis Iron Mtn.
& Southern By. for 99 years from Mc!'. 1 1911. rental covering Interest on
32.000,000 4% bonds, which Is paid direct to bondholders. Under mod111-

RAILWAY STOCKS AND BONDS

OCT.,1914.1

__ ________

,,,j,-----,i.--, \ „-...

,........

I \
I \
I
\

ij1
i/

---kamliton

1
..:

Bridge

t1•1393Ta f

Merri

r-J.•

0/
)
,
/

wyyo

ctZAP.

0hestE
eL,

A

rt W

Y

NE

Y. c.Palinym

Lyons

SM.
L

endon

Ia

F4ish

SM.
TT4
lifton_Spr's

oneoye Fa

I,uFAL0 Tc.
FuL9TX

H.

117.
P•

•

Elba

Tone vanda
ill,G.
kroP1
4
-pN-p..-Ep. S!*
van
E
Batav
•
•
/ Le Roy
Cal o
Darien
Lancaster
k Attie
9.
Elms.
Sr
c,
East A4oru
'Johnsonb
Sout Wales
Wa;saw,
Ham • mg

5. 0
10.
W_ land. 7

7/
.9.

S•

1.ock'pot.

atS

Sodus PoitfTh
Sodus

t-liarlottt
A.

r.r

sv,ve Si

-

0 R LEAN

You!

Lewis

---------.„

_ _____---

Hamlin

lie

n,) ,

,_

LINE
Oz..
. ii-_,..
tiNy,.
p,...17
• ....------„C

s

WI

bis. .....01111111111111111101•11111TO.
/...--anti Id Jc. /
i
P rt L.ol..

A

.
17-

Kent

St.Cathari.

I

r

.N
c.

••••

-7

0

E

............s _____
,. .;(1_,
1,2;,..„...._.....; ___ T;Ti7)-7- . -,.,. .,_

IA.
11 \\\
II .
‘\

,,.. 1.,
,

--

-1,171-1.7E.---------

Nel:TAIR AN
, r.

19

V

Icomb R
Canandaigua

Avon

0 N T A R

Genes

Hen lock
eaaosdaigp,/
I
I nil° ' noe'le Lake
1
Lake
biunt No 11
Canadiee
Lake

I'M GS

N'^ GI
ver

HollitndW

I

'helpp Jc.
FlLips
Waterloo c
s."•
Geneva _
S.
.
S
btahle
a

Ruttrifle

4
ar
1.4÷CA

An
CAS 0
ote lion

North Colli

•••"',Ci
1!.R

//7
Dunkir

2-•"
..

•

Springvill
and

MOUSE.

.c

4.

./

Westfl
?oitlieio

• Navin

TAR

Salamanca

OLEA
iversIde Je.
4
Bradford

Russell
Spring Creek
pa.
Warr

paiE 1 92!_gitY
4
SLakevlile

WARR
6

Tryonville

C

MLJewett

heflleld

ermont
Lane

7.r
t•
ES

i
Tionesta

as

A.

j
---

Hallto

Ilaskills

CMylan
P1.04

P rr E

N

••• se,

?'• •

4;0
\ •
•

Emporium
Pa

I.

t••

urtis t:21
)"
.
5•••
Corninfs
-

00,„

2

4
IIlosslitirg

1 FiTWOb D

L •V

Penbryn
Hoytville
on
Slate Run
p.
Cam
.1..

:cisiffNr:°-:".:Crtm-sh s-1:::

10 BURL..

N

Cameron M.1

,,
,,,i:
C;14"
'
`
„
,
•
00„s..„4,,';94t1 .

GZ MER ON
.t.mar s
F
L"
c s'14aAKH
1
clITS-RTJ
9 )(
BENESETTE

e-

Atleguen9

1I

V7atkin

ath

Canisteo Sta.

'POTTER
u
•51
"cf
•.•

-

Johnsonburg
Pi eo

V EN A Al.G 0
Oil City

a

•\ 6
20*
„„/ Greenwd
ADDISON1R6.
ss,
. A
STANARDS 'qs
FREEMAN
Elmir
MOPES
VAN VAEET
BONGO l'15-1s,"Eclwardsy. to,
NICHOLS
9 'eres
osoco,1,4,4e
1,
v
GENESEE 01 0.60,
LLLWI'Vl CVRIC ,„01:13
RICA A
I :
4 4
W.81,406,1.1, 15 Ai N(3
-‘k• ACADEMY CORNERS,. Tioga
H.PUSHERA.:=IGL -S,4•
Jc. 73
4
.11,_ c., mraiL"
Q, Tioga
NEWFIELD JC,,
GOwANLSOuE
•
wcsmno
CUTLER is? MIT.C)•.• ,1_
sAe.svaLs
I
Hai nond
0:3
v7
KA
LAL
DAVIS
q= EAST
'N ea t Alleghany
GAISET
0
A
G
-11
fts
c.
Ti°7°.,,
,ke
Manfleld \ 0
•05• •. .0
otihts.cOUDERSPORT
ANSONIA

s

Chaffee

-L.
.s

WELLSVILLE •63

rwich
A:PING
UMMIT

4.

Ti usviRe

•tanklin

me port
N,ORW H
UM R

Westline
L dlow

Ticlioute

•P,/

oaR.

K c
fr
eiEtle

Alma

N

4.

Lambej

•

r) M

CRJX, FORD "

Pioneer

Portville
White lions

undee

STEUB,

Alfred
Sta. ,,

a

Eldred

Corry
Pa

y ,

I

s•\:%,

ty.,i, Cuba

Hinsdale
ERIE

Ja mestown

Hornell

Scholes

vAs A L \
---6A N
'Belvidere
I!
et.'

Slob°

A.

Lake
ohoctona- Keuka
9.
0
••• 'heele

SCH UY

Ischua

0•4„4,landolph

ERI E

R

Rockville

U G

Little Valley

Bone Point
i

Chtzut aqua
Lake

FrankS ville a

CA

UTA UQUA
\ Gerry

IC H
Er

Moraine

4:

titraugus

Prospect
ta
•
Che Ty Creek

A
/

Li tin ds Jc.

D• ansvl

HomburgCrystal Lr;"
Swain
2
4
eadea 5-No

Delavan,

Mac las Jc

'Dayton

Naples

hunda Jc.

Portage

a•
Arcade

N.
eade-bta.

\\

Grays Run

Y C 0
Vaterville

rout Rua

I

N

Willi&

port
Glen I.
-7.••••••••"%•
---ER. AO WilA T_TA N
pa•
ir C L I N T„ 0 N '4 C L
0„;
.
,• 40,0 •
I0 N I
Nisbet
PENFIELD
Jersey Sh o r /
HUntleyS
.Clarion Brookville
etir
(
4
7/
/WINTERS uRN Beediville
• e• .b6. r '
44'
sABULA
'O'FEIR
/
r
SO
DUBOIS
1
\
._ Lock Haven ,9,• ••••••'
'..
Foxburg
Sligo
1Carthaus
\ PA.
Shaft No. 2
S.
,./•'4
AsyVISIUSW
•
„, -18. & S.
C,
e
CC
Loganton
LUX...LIBERTY C. & C. CO.
PO HATT
C. Co CO.
6. Queens .
ST.ANLEY
I,
a eld
SYKES
'P0
aist4n •RIG FIUN'
6Iearaeld
Jc.
:
4?
---1-zONONDA0
LewisEttrg,,
;
9 nxsutawne
Woodland
IKaylor Red Bank'
Peale
ensvil
U N
• 444.
I
CLE
.41/e.st
A
EURO P.' •
LD
JUNEAU
title
o• '
To PHILADELPHIA ,
aMunson Fleming
4
• C VODE
AND NEW YORK
• C.& 1-4• 9% ta
‘4 •i3
(Osceola 4
McC9RMICK
; ARM R0 G
MAP
OF
THE
La Jose
11111
WELLS'
1••• Kittanning)
Ptumia.L
E'
PEgar

C. c. co

ocklan

•
•

• Ford Cit)
'male •

CO

,I z
I'KiakimIflNo

,s•

•

°"'"e. BUFFALO & SUSQUEHANNA
- RAILROAD CORPORATION
Vail

AGANIORE
IL'--cT.rnest
WDIANA •
01,1(111am /

i

wrier City/ C

Saltsbur
arentum
Bla rsvil e

T)rone

Patton
(e'
llwood

radley .1 •

A M BR I A

.4441,,,kfiensburg

Kaylor

3.

A toona

4.

o
N/ •

B L A
Dundak,
ITTS,URGH
WEST 0

Bertemer

Net - Florence
Johnstown-/`(
.1

5.

,
osof

6.

ollidsysburg

South Fork,
‘11:

Newry

/

LAN D

Greensburg




1. AT
2.

7.

9.
10.

Fostwell

11.
Arrocv

SOMERS ‘
ET1
B

7

d•
Saxton, \\

CONNECTIONS.

DRIFTWOOD WITH PENNA. R. R. SYSTEM FOR BUFFALO.
AT ADDISON WITH ERIE RAILROAD AND OVER ERIE RAILROAD
AT ELMIRA WITH D.L.& W. AND LEHIGH VALLEY RAILROADS.
AT NEWFIELD JUNCTION WITH COUDERSPORT AND PORT
ALLEGHENY RAILROAD.
AT ANSONIA WITH NEW YORK CENTRAL & HUD. RIVER R. R.
AT KEATING SUMMIT WITH PENNSYLVANIA RAILROAD AND
POTATO CREEK RAILROAD.
AT WELLSVILLE WITH ERIE RAILROAD AND BUFFALO &
SUSQUEHANNA RAILWAY.
AT DU BOIS WITH PENNSYLVANIA RAILROAD AND BUFFALO,
ROCHESTER & PITTSBURGH RAILWAY.
AT SYKES WITH BUFFALO, ROCHESTER & PITTSBURGH
AT SINNEMAHONING WITH PENNSYLVANIA RAILROAD. R.Y.
AT GENESEE WITH NEW YORK & PENNSYLVAN
IA RAILROAD,
AT COWENESQUE WITH NEW YORK CENTRAL &
HUDSON
RIVER RAILROAD.

COAL OPERATIONS:
D F 0 R

LUMBER OPERATIONS:




Pacific Si;.

CANADIAN NORTHERN
RAILWAY
(ireat k'alla

OCT., 1914

RAILWAY STOCKS AND BONDS

21

tocog. "g's.
0>c..
0.4> =we.

ta.tra- 1140cowit. R.9.
s. (11?M "
ag gg
0 vm000 ooz>a

ro rotO

Par
Amount
Rate
Mites Date
When
Last Dividend Places Where Interest and
RAILROAD COMPANIRS
Road Bonds Value Outstanding
%
Dividends are Payable
Payable and Maturity
IFar abbreviations. &c.. see notes on first page)
$1.000 $3.000.000
5g
136 1914
Feb 1 1944
Guaranty Tr Co, N Y
Butte A & P-1st M $5,000,000 g gu red text_yc*&r*
1.000 1.688.000
23 1911
x
4
/doh 1 1961
See text
Cairo & Thebes RR-First mortgage
California Pacific-See Southern Pacific) RR.
6g
423.000
1.000
39 1910
Jan 1 1915
Angio-Cal Tr Co. San Fl
Cal W RR & N-let M $600.000 gold guar at (text)X0•
See text
___ ____
6
20 years
New mortgage $750,000
RR
Cambria & Clearfield-See Pennsylvania
25
381,925
30 ____
6
July 1914 3% Broad St Station, Phila
Camden & Burlington County-Stook 8% guaranteed
1.000
30 1897
350.000
4g
do
Feb 1 1927
do
First Mg gu p & I by iin N J RR & Can Co-GP.xo•
7,199,100
--- ---Canada Atlantic-Stock ($1,000,000 is preferred)-396 1905 2126,£200 16,000.092
4g
Jan 1 1955
Mont. N Y & London
Consol(now 1st) mtgeg gu p & I
4
150.000
500
1906
Sept 1 1956
Royal Tr Co. Montreal
PembSouthern-Stock457
South 1st M guar (V 82. p 451. 1101)
--_ 100 15.000,000 See text
Aug 1 1914 134 Grand Cent Term. N 1
Canada
5
g
1912
22.500,000
1.000
&c
404
•
G.rc*acr
do
line)
do
main
Oct
11962
on
(1st
M
Cons guar gold bonds
1.000
14 1895
130.000
4g
..Z0
Oct 1 1945
Agta Bk of Montreal, Ni
Leamington & St Clair let Mg gu p & I (end)
___ ____
100 100.000.000
-----Canadian Northern-Stock $125.000.000
£100 I £233,700[
177 1899
Guar4
Feb 11029
Canadian Northern Division 58,000 per mile
£100 £105,300
108 1899
4
_ anteed
Feb 1 1929
Can Bk of Com.NY:&Loz
Manitoba & S B (assumed $8,000 per
27
£100
1900
by
4
£500
mile
per
Nov 1 1930
58.000
Branch
Plains
Gilbert
£100 £1,180.600 4 & 43.4 g
287 1901
Man.
I Govt.
June 30 1930
London and Toronto
Ontario Div let M deb £36.200 are 434s
CM) £2.497.800
--- 1904
4
p m o&r _J
June 30 1930
London, Toronto & N I
let con deb M(Man lines)$10,000
mile
£587.691
$500
4
per
$8.000
bonds
Oct
Can Bank of Comm. Tot
1
1930
Provincial
Manitoba
-- ____
£100 £9,138,367
4
London. England
irredeemable
Perpetual consul debenture stock (V 81, p 1609)£1,923,287
--- 1903
3
July 10 1953
do
First M deb stk 513.000 p m guar by Canadian Govt
£1,622,588
--- 1908
334
July 20 1958
London and Toronto
1st M stock $13,000 p m guar by Canadian Govt__
23,000,000
4
--- 1914
Sept 1 1934
Deb stock $45,000,000 gu by Can Gov't red par -___ 1909
£1,650,000
4
First mtge dehen stock guaranteed by Saskatchewan
1939
London
_
See text
1914
do
434
do
do
30 years
do
£1,147,945
1909
guaranteed by Alberta
4
do
1939
do
do
___ 1910
guaranteed by Manitoba__ _
£587,671
4
do
do
See text
guaranteed by Brit Columb
--- 1914
do
do
4g
£616,438
$&£
--- 1909
Winnipeg Terminals mtge gold guar by Manitoba _o•
July 1 1939
London. Toronto & N I
___ ____
£5.136,979 Up to 5
Income-charge convertible deb stook redeem text__
2 A% paid May 2 1914
MaY 8 1930
6
£850,000
1914
Secured notes (V 98, p. 1919)
July 15 1915
5
--- 1913 £100 &c £2.000.000
Secured notes £2,000,000 auth red 101 (V97, p 520)
Aug 12 1918
Lloyds'Bk. Ltd, Londoi
£450.000
5
___ 1913
Secured notes (V 98. p 1601)
4g
£100 52.000.000
-__ 1899
Feb 1 1919
let land grant M red 110 (money depos to redeem)
Nat Tr Co, Tor or Lend
4
£757.000
___ 1909 £100 &c
do red 105 to July 1917 ------- ---_
July) 1935
do
London. England
5
--- 1913 £100 &c £1,500.000
callable at par
do
June 1 1923
do
The Can. Nor. By. Co. will a so own all the cap. stock severally of the
cation of lease made in 1911. the St•Louls & San Francisco and St. Louis
Southwestern can use the terminals when they apply. V. 95. p_. 1121. Canadian Nor. Manitoba By. (projected). Can. Nor. System Terminals,
Ltd.(V.85, P• 863), Mt. Royal Tunnel & Terminal,&c.(V.98, p. 1918)•
Columbia Trust Co. of Louisville. Ky., trustee. Stock. $10.000: Par
The first section of the Hudson Bay By.. being built by the Govt.,be$100. Pres.,E.J. Pearson,St. Louis,Mo.-(V.92,p. 525; V.95.p. 1121.)
tween Le Pas and Port Nelson, 1853. miles, is to be completed by Dec.
CALGARY & EDMONTON RV.-See page 140.
1913 and the remaining two sections, 133 miles, by
Dec. 1914. Canadian
CALIFORNIA-WESTERN RR. lc NAVIGATION CO.-Owns Ft. Bragg. Northern,it is understood, will operate the road. V.93. p.52: V.97, p.442.
Cal.,to Willits. 50.66 m. Stock auth.. 31.000.000; par.$100. Dividends ,-Canadian ,Northern Steamships. Ltd., operates between Quebec and
paid year 1909, 2 A %;1910.7 A %;1911,10%. Mortgagecovers also termi- Montreal and Bristol, Eng. V.90. p. 697: V. 91. p. 1322; V. 93. p. 1383.
nals and railroad wharf. Bonds are guar., P. & 1., by Union Lumber Co.
LEASED LINES.-The Manitoba lines of the Northern Pacific Ry..
Sinking fund
and redeemable at par on any int. day since July 1 1910.
625; V. 97. p. 1360. In Oct. 1914 351 miles, are sublet from the Provincial Govt. for 999 years from May 38
15,000 yearly beginning 1911. V. 90,0.
1901
at $210.000 annually for the first 10 years, then $225.000 for 10 years.
pay
outstanding
bonds
to
$423,000
$750.000
received authority to issue
Lumber Co. V. 99, p 894, 1213. then $275.000 for 10 years, and thereafter 5300,000. with option of purchase
bonds and $327,000 advances by Union
for
57,000.000.
bond
int..
Manitoba Govt. has option to purchase entire property In
$80,177;
oth.
Inc..
$68,851;
net,
$187,201;
gross,
Year 1911 RR.
V. 72. p. 437; V. 73, p. 615. Canadian Northern By. System
$20.497;oth. cliges.. $5,269; divs., $100,000Ibal.,$23,262.-(V.99,p.1213.) 1929.
Terminals incorp. 1907. stock $2.000,000. V. 85. p. 863; V. 94. p. 1895.
-Owns
from
J..
Pavonla.
N.
RR.
COUNTY
Guarantees (p.& I.) Qu'Appelle Long Lake & Saskatchewan RR.& S. B.
CAMDEN & BURLINGTON
Burlington, N. J., to Mount Co.
4% deb. stock; property leased. V. 83. p. 214. 324. 888. 1038.
to Pemberton. N. J.. 23.35 miles; branch,
& L. B. RR. at Birmingham. N. J..
Holly. 7.12 m.; connection with P.under
CAPITAL
RR.,
STOCK.-Of the $125,000,000 cap. stock as increased in
lease
by
Penn.
guarwhich
0.39 m.; total. 29.86 m. Operated
antees 6% on stock. Stock. $381,925; par. $25. In 1913. gross. $420.968: 1914, $25,000,000 is issuable only in exchange for income charge stk.;
$40,000,000
is
owned by Can. Govt. and $60.000.000 by Mackenzie. Mann
$78.067.-(V.
under
rental.
64.
p.
lessee
373.)
profit
to
op. def.. $40.561;
& Co., Ltd. V. 98, p. 1600.
CANADA ATLANTIC R Y.-Owns Depot Harbor, Ont.. on Georgian
NEW
SECURITIES,
DOMINION GUARANTY.-In May 1914 the
Bay. via Ottawa, to Alburg Jot., 399.57 m.: trackage to Swanton, Vt..
tic.. 6.68 m.; leases for 99 years Central Counties By.. Glen Robertson to company reported (V. 98. p. 1600) that it needed about $100.379.000 to
Hawkesbury. 22.24 m., and South Indian to Rockland, 16.25 m.: owns complete,improve and equip the combined system and that for this purpose
greater part of stock of Pembroke Southern By. branch from Pembroke to It had or would have available about $58,474,000. viz.: Can. Nor. Pac,
Golden Lake. 21.36 m.(V.82. p. 451. 110)): total, 466.08 in. The Grand securities and subsidy, $11,559,000; Can. Nor. By. proceeds of securities
Trunk acquired the road and took it over Oct. 1 1905,and in 1914 obtained In hand and to be earned. $7,634,000; Can. Nor. Ont. By. securities and
subsidy. 216.789.000; Can. Nor. Tunnel & Terminal Co. proceeds of seauthority to merge the same. V.81. p 1174; V.97, p. 1351.
The 50-year 45 of 1905 (authorized issue. 516.000.000, Royal Trust Co., curities. $5,996,000; 434% equipment bonds. $16.496.000.
The remaining $41,905,000 required it is proposed to raise by an issue
Montreal, trustee) are guar., prin. & int.. by Grand Trunk. V. 79. p. 967,
of $45,000,000 4% bonds or deb. stock, due 1934, but callable at par in
1131. 1641, 2454: V.80, p. 1058. 1727. 2343; V.87. p. 1477.
whole or part (by lot) on any int. day, to be issued by the company and
REPORT.-In 1912-13. gross. 12,411.196: net. $103.657; other income. guaranteed
the Canadian Govt. per V.98, p. 1600, 1607. 1918. of which
$722; int. on bonds, $840,002; taxes. $43.337; other charges. $125.614; 23,000,000 by
was offered in London July 1914, secured by a new trust deed
bal., def., $704.574.-(V. 90. p. 1169.)
to the National Trust Co. of Toronto and British Empire Trust Co., as
CANADA MICHIGAN & CHICAGO.-Bonds worthless.-(V.63. p.8381 trustee, as follows: (a) A 1st M.or charge on the constituent railway comCANADA SOUTHERN RY.-(See Maps N. Y.Cent. & Hud.ROL RR.)- pany stocks to be taken over free from prior charges. (b) A mtge. or charge
Deb.
ROAD,-Main line from Suspension Bridge station. Including the Cantilever on the securities and shares pledged to secure the Perpetual Consol.
Bridge, to Windsor, Ont., 226 m.; branches to Courtright, Ont., &c., and stock of 1903. but subj. to prior rights of the latter. (c) A mtge. on the propcontrolled lines 231 m.: total, 457 m.; of which 85 miles are nominally erties. franchises, &c., of the Can. North. By. Co. subject to prior lien
owned by proprietary companies. Trackage, St. Thomas to London. Ont., of bonds, &c.. now or hereafter outstanding under existing mtges. or deeds
of trust. (d) A fixed charge upon the equity of redemption of MacKenzie.
15 m. Double track, 152 miles.
Co. Ltd., In the $10.000.000 capital stock and the 510.000.000
ORGANIZAT/ON, ETC.-The company was chartered In Canada Mann & stock of the Canadian Northern Town Properties Co., Ltd., de.
Feb. 28 1868 and debt readjusted In 1878. in 1903 made a new lease to 1st deb.as
part security for an auth. 23,500,000 of 5% land mtge. deben
posited
Mich. Cent. for 999 years. the latter, which owns 57.810,000 stock, guarantures of 1913 (V. 97, p. 1424). (e) Former Brockville Westport & North
teeing diva.. rate since Jan. 1 1910. 3% yrly. V. 76, p. 1191. 1247.
The Mich.Cent,guarantees, prin. and int. of $40.000.000 50-year bonds. Western Ry., 45 miles in length, rree from debt. See V. 98, p. 1600. 1918;
int. not to exceed 57, of which $22,500,000 5s were sold to refund the V. 99, p. 269, 341, 536, 747. 1129.
DEBENTURE STOCK.-The £2,497,800 4% 1st M.consol, debenture
814.000,000 6s and $6,000,000 5s maturing Jan. 1 and Mch. 11913. respectively, and to cover the cost of improvements made and to be made. The bonds of 1904 has prin. and int. guaranteed by Govt. of Manitoba. A part
remaining 317500.000 are reserved to refund the $130,000 divisional bonds of this issue is held in trust to retire: (a) £105,300 Manitoba & Southand for additions, extensions. Improvements and additions at not over eastern 4% first lien on 108 miles, assumed: (b) 2233,700 Canadian
$3,000,000yearly. Bonds arefree of Canadian taxes. V.95, p. 1607; 1744; Northern By. Sifton branch,4% bonds,secured on 197 miles Sifton Junction to ErwoOd, guaranteed, prin. and int. by Manitoba Government:
V. 96, p. 134, 200, 789. 1421.-(V. 96. p. 134. 200, 553. 789. 1421.)
116: V. 78. p. 1274: V. 79.
Gilbert Plains 4% bonds.
CANADIAN NORTHERN RY.-(See Map.)-Operates from Port Ar- (c) £500 V. 81, p. 1607; V.82. p. 568.V. 80, p'.
thur, Ont., on Lake Superior, to Winnipeg, and when completed will reach p.2794;
debenture stock was
consolidated
4%
perpetual
£9.128,367
/n
1903-13
June
30
1913
was operating directly
from the Atlantic to the Pacific. On
new mileage, and to purchase securities ot various controlled
4.552 miles of main line and branches,including about 710 mile; held under issued upon
deposited with National Trust Co.. V. 76. p.1247,
36..
V. 77. p. 87,
lease. See location of system on accompanying map.rIn Oct. 1914 acquired properties
V. 89 n 1279;
V. 80, p. 998; V.81. p. 1609; V. 88. p. 1099, V. 87. p.
Stettler-Nordegg By.. Stettler, Alberta to iNordegg, 123m. V.99.p.969. V.
90. p. 770. 1424, 1489; V. 93, p.408; V. 94. p. 1695: V. 98. p. 1601.
A bill passed by the Dominion Legislature in June 1914 and approved by
As to £1,923,287 3% 1st M. debenture stock, guaranteed by Dominion
the Crown provides for (a) the guaranty by the Govt. of $45,000,000 addi- Government,
dated July 29 1903, see issue of Feb. 1914 and V. 80, p. 1234:
tional 4% bonds or debentures to aid in completing the system to a total V. 78, p. 1299;
Canadian Northern Alberta, V. 90, p. 1295; V. 92, p. 794.
of 9,876 miles (of which 7,161 miles were in operation, 1,542 miles more 880:
V.93, p. 162; V. 96, p. 284.
about completed and a further 715 miles to be completed by Jan. 1 1915,
In
July
1908
the Dominion Government agreed to guarantee prin. and
company's
capital
(b)
an
increase
in
the
stock
to
and
$100.000.000, of which
$40,000.000 to be owned by the Canadian Govt. and $60,000,000 by Mac- Int. of 334% 50-year bonds or debentures to be issued at $13,000 per mile
kenzie, Mann & Co., Ltd. The last-named turn over to the Cana- on 609 miles of branches in Manitoba and Saskatchewan. V. 88. p. 348.
dian Northern By. Co. the bulk of their stock holdings in the allied railways 821; V. 87. p. 1159; V. 91, p. 37. 93; V. 92, p. 794. 880.
Debenture stock, prin. and int., guar. by Province of Saskatchewan and
and the beneficial interest in the associated express, steamship, telegraph, Province
of Alberta. respectively; see V. 89, p. 40. V. 88, p. 1497, 1619;
ate., properties. The ownership of the system is therefore concentrated in V. 91,
p. 1322: V. 94. p. 1316; V. 97, p• 1582: V. 98. p. 761. A trust deed
the Canadian Northern By. Co., which holds the following amounts of dated Feb.
1 1914 secures an issue of 30-year 434% 1st M.deb. stock guar.
stock in the several associated companies whose lines, built or building, by Saskatchewan,
on certain lines in the Province. V. 98. p. 761.
aggregate the mileage here shown (compare V. 98, p. 1600. 1607 1918):
The Canadian Northern Western By 1st M 4s, guar. io & 1. by the
Mileage Built and to Be Built-Capital Stock Owned as of March 14 1914. Canadian Northern By. are issuable at $25,000 per
mile to build 160 miles
- connecting with the mining district of Brazeau. Alberta,
a See separate statement Miles Track Miles Grade -Capital Stock
of which 90 miles
Oper- Laid Grad. under
Total
Owned.
for this company.
completed Nov. 1913. The Province of Alberta guarantees the bonds on
ated.NotOp. only. Contr.
114 miles at the rate named. V. 93. p. 1724; V. 97, p. 1583; 1st 434s are
aCan. Nor. Pac. By------20 264 155 25,000.000 25,000.000 also similarly guaranteed. V. 98. p. 610. 838, 1155.
229 -3,000,000
Can. Nor. Alberta Ey- 22
3,000,000
INCOME-CHARGE STOCK.-The 5% income-charge cony. deb. steel-,,
_189 154
2.000,000
Can. Nor. West. Ry___
2,000.000
limited to $10,000 per mile, is red, at any time after May 6 1920 and is con"4.932
See above
164 251
93
Can. Northern Ry
--_
33
12
1,000,000
Can. Nor. Sa.sk. Ry__ _
1,000,000 vertible on Jan. 1 1916 or any subsequent Jan. 1 or July 1 until Jan. 1 1919.
700 128
52 10,000,000 10,000,000 at the holders' option, Into full-paid common shares at the rate of $500
aCan. Nor. Ontario HY_ 699
___
Irondale Ban. & Ottawa 55
53,500
53,000 (or £102 17s.) of deb. stock for $500 capital stock, on 60 days' notice. The
-__
165
3,331,000
aCent. Ontario By
3,329,000 Interest will be payable May 2 and Nov. 2 only to the extent that the net
_
55
1,395,000
1,395,000 earnings are sufficient after paying fixed charges, and will be declared
aBay of Quinto Ry
April 10 and Oct. 10 out of earnings of the half-years ending June 30
Fee owned
Brock. Westp. & N. W- 44
and
9,550,000 x7,144,60(1 Dec. 31. The issue is secured by a general charge on the
aCan. Nor. Quebec Ry - 354
20
11
4.524,000
4,002.800 (other than land and money subsidies) ranking behind the 4% consul.
aQue.& Lake St. John - 293
property
deb.,
stook
and
all
securities
now
or
hereafter
370
created,
1,000,000
Halifax & S. W. Ry
1,000,000
--having priority over the
aDul. Win. & Pac. Ry - 172
---- 6.000,000 p3,060.000 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
Canada.
Coupons
paid
in
full
to
May
7 161 1.542 550 323
1914. V. 90, p. 1674: V. 91, D.
Total
x Includes $2,000,000 to be owned directly and $5,144,600 through the 1322: V. 92, p. 1031: V. 95,p. 1039; V. 96. p. 201.
Northern Consolidated Holding Co.. 36,151.500 of whose $8.000,000 share
WINNIPEG TERMINAL 48.-The 4s of 1909 are guar., prin.
and Int.•
capital will be owned. y Additional $2,940,000 held by Mackenzie & Mann. by endorsement, by Province of Manitoba. V.89. p.665.
1480.




MAP OF THE

CANADIAN PACIFIC RAILWAY
THE MINNEAPOLIS. ST. PAUL 8t SAULT STE. MARIE RY.
THE DULUTH. SOUTH SHORE & ATLANTIC RAILWAY

AND CONNECTIONS
(EASTERN SECTION)




Lake
Ni.igoj-

V

,„,

-it
1,1

I0

fE

t:**
1.\*

1z

• 1),

SCINOCE (ENV SNOWS AVAVIIV11

Sandy L.

0

•

4.1

yl°1 6
4i-k'

0

NOTE
mimaim SINGLE TRACK
DOUBLE TRACK
•m

UNDER CONSTRUCTION
TRAFFIC ARRANGEMENT
OR TRAFFIC RIGHTS ONLY
SCALE OF MILES
25 50
150
70 100

Sti

>4

1.'t WI "&00

SCENOR UNIT SNDOIS AVAVIIVII

CANADIAN PACIFIC RAILWAY
THE MINNEAPOLIS. ST. PAUL & SAULT STE. MARIE RY.
THE DULUTH. SOUTH SHORE & ATLANTIC RAILWAY
AND CONNECTIONS




24

RAILWAY STOCKS AND BONDS

Miles Date
RAILROAD COMPANIES
Road Bonds
(For abbreviations. &c.. see notes on first page]
-(Conebided)
Canadian Northern
Outstanding Bones of Allied Companies249 1906
_
Sask 1st M £1,050.000 guar_
§
u'Ap Long Lake &
28634 1911
guar
uebeo & Lake St John deb stockguar
___ ____
Govt
Can
by
stk
deb
M
1st
By
Alberta
Nor
Can
do
do
do
do
do
1911
160
Alberta
by
Canadian Northern West 1st M guar
-1912-3
do
do
do
do
do
By
Halifax & Southwestern
authIrondale Bancroft & Ottawa 1st M 44.500.000
Nor Quebec- Bay of Quinte
Can Nor Ont-Can Nor Pac-Can
268 1908
stk (see text)
Canadian Northern Ontario-Guar deb
1909
Perpetual consolidated debenture stock
1911
mile
per
535.000
stk.
deb
M
1st
Guaranteed
208 1909
gu by Brit ColumCan Nor Pacific-lst M deb stock
1913
Col
Br
by
gu
stock
deb
term
lst M
--- 1904
(text) Ce
Can Nor Quebec-Gt Nor cons M 45.462.000
Perpetual guaranteed debenture stock (see text)___ ____
authorized_
Canadian Pacific-Stock 5335,000.000
--Preferred stock limited to 4% non-cumulative..-r 6.011
1885
First mortgage debentures sterling
179 1888
Oder
First mortgage on Algoma Br g
1889
Consol perpetual debenture stook
--- ---par
Special Investment fund note certificates redpart
yly
due
Victoria Roll Stk & Realty Co eq trusts Lines,
Securities of Principal Leased, &c.,
218 1884
guar gold
Manitoba SW Col By $12.000 per mile int gu__e*qcr
350 1887
Atlantic & Northwest-1st mortgage gold see
58 1876
gold
text
St Lawrence & Ottawa-first mortgage perpetuity
___ ____
Ontario & Quebec stock guaranteed In
671 __
Ontario & Quebec deben Interest guar in perpetuity
191 1883
Toronto Grey & Bruce 1st M gold interest as rental
174 1884
New Brunswick By 1st M gold int from rental-_ _o*
__ 1890
Perpetual consol debenture stock, Interest guar
84
M
1st
So
New Bruns
-- - 1890
Calgary & Edmonton deb stock gold interest as rent
52 1905
Branch line bonds $1.040.000 (owned by CanPao)
_
__
Alberta By & Trig Co deb stk 5% int gun,
40 11103
Lindsay Boboayg & Pontypool 1st M 4700.000 gold

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. xcix
Last Disidend Places Where Interest and
and Maturity
Dividends are Payable
--

4 ¢ J & J July 1 1936
£1.037.972
Can Bank of Comm. Lon
al
mearype4tun
0P
3
., 204. 2.I
.T&
t4
t7,6
6 text
te4
Se
80
36
London and Toronto
Apr 1 1962
As collat
334
Tor, Lon, Brussels. tee
4 g M & N Way 1 1941
$100 44,000.000
16
Feb
1942
454
£100 £1.320.000
334 J & J 1942
4.447.000
4
450,000
Ry.-C entral Onta rio Ry- Duluth Minn. & Pac-- See those companies.
Various 1936 and 1938 Can Bk of Commerce.Lon
334
£1,615.068
0 Bk of Corn, Tor & Lon
A & 0 2 Perpetual
4
£1,825,405
do
£7,000.000
do
336 J & J 20 May 19 1961
A & 0 Apr 2 1950
London and Toronto
4
£3,757,515
do
434 A & 02 April 2 1950
do
£1.200.000
Can Bk of Com.Ny & Tot
A & 0 Oct 1 1934
4
3.505.750
London
J & 1331 Perpetual
4
£1,038,855
&
31 Pine St. N V
Q-J Oct 1 1914 234 Loud
100 260,000.000 See text
A & 0 Oct 1 1914 2% Company's Office, Loud
4
100 578,224,673
Baring Bros & Co. Lend
5 g J & .1 July 1 1915
£100 &c 12.842.647
Baring Bros & Co. Loud
5 ¢ 1 & .1 July 1 1937
£100 &c 3.650.000
Company's Office, Lend
3 & J Irredeemable
4
El &c 173.307,470
Mar 2 1924..
6
$20. &c 52.000.000
1915-1929
434
See text
1,000
£100 &c
£50 &c
4100
£1.
£100
£100
£1

52.544.000
£1,330.000
£200.000
42,000,000
£4,007.381
£719.000
£630.000
£904.533
4500.000
£1,121.700
MON 81,040.000
100 3.250,000
500,000
1.000

5¢
5g
(6) 4
6
5
4g
5g
4
3
4g
4
5
4g

London & 31 Pine St N I'
J & 13 June 1 1934
Baring Bros de Co. Load
J & 1 Jan 1 1937
Pee office, Londor
Can
text
See
D15
&
1
.1 & D June 1914 3% Montreal and London
Morton. Rose, London
J & 13 Irredeemable
Toronto and London
J & J July 26 2882
London
F & A Aug 1 1934
do
J & .7 Irredeemable
Guaranty Trust Co. N Y
J & J Jan 1 1933
Can Pao Office, Londor
33 & J 2002
Can Pao Office, Montrea
J & 7 1955
J & J
Bk of Montreal, Toront.
I & J July 12002

In May 1911 the Canadian Government agreed to guarantee 334% 50-year
1st M. deb. stock at 535.000 per mile on not exceeding 1,050 miles.toeonValley,
street line from Port Arthur to Montreal via Sudbury and Ottawa
of which 970 miles were under construction In Dec. 1911. See guaranty,
p.
93.
V.
1190.
1635:
1667.
1435,
1309.
92,p.
•
V.
9
349;
V.93,p. 1667; V. 4,p.
EARNINGS.-For year ending June 30 1913, gross. $1,280,525; net,
$17.788;
rentals. &c..
850.311: other income. $39,933; int. $1,430; taxes,
$840; bal..sur. $70.186. Office,Toronto,Ont--(V.98,p.761,1155. 1535.)
CANADIAN NORTHERN PACIFIC R Y.-(See Map Canadian Northern
Ry.)-To construct a line across the Rookies from Yellowhead Pass to Vancouver and Pacific tidewater, about 500 m., to be completed within 4 years.
Also a 150-mlle line from the 100-mile post on the Vancouver Island section
to the east coast of Vancouver Island and a 145-mlie line to Vernon. and
thence via Long Lake to Kelowna and to 0•Kanagan Lake. Mileage under
construction June 30 1913. 747.91; miles completed, 175.90. V. 92, D.
1309; V. 93. p. 526. Controlled by Can. Nor. Ry. Interests.
Stock authorized. 825,000.000, of which $10.000,000 may be pref.;
par, 4100. First mortgage deb. stock was issued under Act of 1910 at
$35,000 p. m.(proposed to be increased to $45,000 p. m. V. 98, p. 762),
guaranteed by the Province of British Columbia. the Canadian Northern By. to indemnify the Government against any loss it may incur by the
guaranty: also an additional 195 miles authorized in 1912. Of the deb.
stock, £3.757.515 is listed in London and £550,000 deposited as security
for Canadan Northern notes.Mortgage trustees. National Trust CO. of
Toronto and British Empire Trust Co.; V. 93, p. 1461: V. 94, P. 1565; V.
91, P. 37, 93; V. 90. p. 696; V. 89. p. 1141; V. 97, p. 802.
The 1st M. terminals 4 % deb. stock authorized by the Terminals Act
1913. and guaranteed, prin. and int., by the Province of British Columbia.
is limited to 810.000.000 or its equivalent, £2,054.794 10s. 4d.
V. 96.
p. 651. 1838; V. 97, p. 297, 364.-(V. 97, p. 297. 364. 802)
CANADIAN NORTHERN QUEBEC RY.-(See Map Canadian Nor.
Ry.)-Owns Quebec to Montreal. 176.07 m.;Joliette to Hawicesbury.67.05 m.:
Lorette Jct. to Transcontinental Jct.. 5.3 m.: Hedleyville Jct. to Montmorency River,7.22 m.; br'ches, Garneau Jct.to Riviere a Pierre. 39.84 m.:
Shawinigan Jet. to Shawinigan, 3.41 m.; St. Jacques Jct. to Rawdon.
15.88 m.; St. Jerome Jct. to Huberdeau,45.28 m.; total, 360.05 miles. Also
operates 58.65 m.,Ottawa to Hawkesbury. of Can. Nor. Ont. By. See
V. 95. p. 1402; V. 97, p. 1023. Owns car shops, &c., at Quebec.
Controlled by same interests as Canadian Northern By. V. 98, p. 1601.
Capital stock, $9,500.000 common and 43.000,000 statutory 5% Income
stock; outstanding June 30 1913. 49.550.000. Control held by Northern
Consol. Holding Co., Ltd.. of whose $6,181.500 cap. stock Mackenzie,
Mann & Co. own 44.445,300. V. 95. p. 1471; V. 96. p. 201; V. 97.0. 951.
SECURITIES.-Regarding 4% perpetual debenture stock guaranteed
by the Canadian Northern By.,see V.84. p. 968; V. 84,p. 693.748.
44.042,885
42.430.385
$1.262.835
Balance
There are 43.505.750 4% bonds of the Great Nor. Ry. of Canada, guar.
Note.-Under British Col. guaranty, if during first 3 yrs. after beginning as to prin. and int. by Canadian Nor. By.; Central Trust Co. of N. Y.
operation, net earnings are not sufficient to meet the interest on the guarEARNINGS.-For year ending June 30 1913, gross, $1,599,547; net,
anteed bonds, the Government Is to advance the Interest. Sin liar prointerest, taxes, &c.. $403,336; balance, deficit, $189.136.
visions are made respecting the Dominion guaranty of the bonds on the $214,200;Toronto,
Ont.-(V. 96, p. 201; V. 97, p. 950.)
Office,
Canadian Northern Ontario Ry. between Montreal and)Port Arthur.
CANADIAN PACIFIC RY.-(See Maps).-Owns a trans-continental
EA1ININGS.-12 mos., 1913-14 Gross. $22,700,700; net, $6,351,700 railway from Montreal to the Pacific Ocean, made up as follows July 1 1914:
11912-13--Gross, 22,949,800; net, 6,049,000 Montreal to Vancouver
July 1 to June 30.
2,903 Under construction July 1 1914. 893
4.159 Operated account of owners _ _ .385
REPORT.-Report for year ending June 30 1913, In V. 97, p. 1420:
Branches and auxiliaries
1909-10.
1910-11.
Also controlled but oper, sep.1911-12.
1912-13.
4,888
lines
Leased
3,383
3.888
4.297
94 aMinn. St. P. de Sault Ste. M._4.101
Average miles
Used jointly
aDuluth South Shore & Atlantic 627
Gross earnings
$24,277.478 $20.860,094 $16.360.712 $13.833.062
aSee each company's statement.
Total in rattle returns__ _12.044
Net after taxes
$6.773.867 45.881.045 $4.990.347 $4,344.390
In March 1912 contract was let for new Lake Shore line between MonPremium account
250.000
take about 2 years to build and
to
miles,
185
about
Toronto,
treal and
Total net income__ $7.023.867 $5,881.045 44.990.347 44.344,390 cost about $12,000.000. V. 94. p. 1185.
$280,800
$359.257
5539.205
Int.bds.gu.byD. of Can. $557,180
HISTORY. ETC.-Incorporated Feb. 17 1881 under charter from Do70,9158 mInion
933,268
Int. bds. gu. by Manit__
951.539
951,308
of Canada. receiving $25,000.000 in cash as a subsidy; also 25.000.66,560
Int. RU. by Saskatchew_
236.319
271,783
000 acres of land, all to be fit for settlement. Operates trans-Atlantic and
Int. guar. by Alberta__ _
89.960
127.400
steamship lines; also steamers to Alaska.
Pacific
1,150,055
Int. perp.cons. deb.stk. 1.768,064
1,388,410
1,496,989
STOCK.-The Issue of preferred must never exceed one-half the common
203.988
203,983
Int. Qu'App. L. L.& S..
203,019
202.056
V. 99, p. 543.
184,433 In 1913-14 £800,000 pref. stock was sold.offered
Int. on 4% land gr. bds..
184.563
163,793
150.224
the right to subscribe for
Common stockholders were in Feb. 1913
223.960
225.210
Rentals leased lines,.4.c_
238.960
238.960
at 175, the proceeds to be used to retire the 434.554.143 $60.000,000 new stock
621.399
Int. on equip. leases_
711,060
923.948
998.633 1st M.5% sterling bonds maturing July 1 1915 and for additions
312.872
674,804
Int. on Inc. deb.stk(5%)
988,215
and improvements. It shared in dividends for quarter ending Dec. 31 1913
4694.824 41.030,757 and made 4260.000,000 outstanding. V. 95. p. 889. 1402: V. 96. p. 1421:
4575.397
Suplus for year
4844,729
V.97,p. 175,297, 1425. The stockholders on Oct. 7 1914 voted to increase
OFFICERS.-Pres., Sir William Mackenzie: V.-P., Sir Donald Mann
auth. common stock from $260,000.000 to 3335,000,000, the new stock
' the
3d V.-P., D. B. Hanna:Sec., W.H. Moore; allot Toronto. Ont.Z.Directors,
to be issued as required. V. 99, p. 195, 466, 105.
A.
Mackenzie,
Lash.
J.
R.
Mann.
Sir William Mackenzie, Sir Donald
1914.
since 19011'02.'03.'04-'06.'07-'09.'10. '11.'12.'13.
DIVS.
Frederic Nicholls, Toronto. Ont.; R. M. Horne-Payne. London. Eng.- Railroad earnings 5 53.4
7 7 154.131.131.13i
yrly. 6 yrly. 34 7
(V. 98, p. 1844, 1918; V. 99, p. 269. 341, 536. 608, 747, 969. 1129.)
234 3 3 14, 34, j,91
Land sales.int.,dce ----------1 yrly. 1
Northern
Extra diva. at 3% yearly (34 of 1% quay.) are paid from the int. ana
CANADIAN NORTHERN ONTARIO RV.-(See Map Canadian
Ruel,65.70 sales and extraneous assets, making yearly rate 10%. V.92. p. 117, 955.
Ry.)-Owns Rosedale to Sudbury Jct.,257.90 m.; Sudbury Jct.to
trackage.
re.:
42.65
spurs,
branches,
m.:
BONDS,
DEBENTURE STOCK. GUARANTEED BONDS &c.Deseronto.133.90
to
m.; EastDon
main line List of securities held against consolidated debenture stock in V. 99,). 545.
RosedaletoToronto,3.80 m.: total,503.95 m. From Bellwood the
will be made
In 1913-14 .C2,065,1194% consol. deb,stock was sold,of which £239,000
Is now being extended toward Port Arthur. where a connection
with Can. was used to construct branch lines and £1,826,119 to acquire bonds of other
with the Can. Nor. Ry. See deb. stock below. In connection
between Ottawa, roads the interest on which has been guaranteed. The stockholders on
Nor. Quebec By., a through train service is maintained
()re- Oct. 1 1914 authorized the issuance of £3.474.000 4% consolidated debenmodern
Owns
p.t4021.
V.07,
162;
p.
92,
V.
Montreal.
Quebec and
handling plant at Key Harbor,80 miles from Moose Mt. Iron mines. Con- ture stock to construct 635 miles of branch lines and purchase 4 steamships
V.97, p. 524. 1048, 1114.
trolled by Canadian Northern By. interests. V. 98, p. 1601. Subsidies, at a cost of about £1.000.000.
In July 1914 $22,955.986 of the 434,998.633 1st M. sterling debenturce
June 1913, V. 96. p. 1627.
to due July 1 1915 had been acquired by the company and canceled. V. 96.
In June 1914 an Act was passed by Parliament extending the time
p. 1421, 1488; V . 97, p. 175; V. 99, p. 544.
construct various lines, &c. V. 97, p. 1820.
In June 1890 company agreed to cuarames the principal and interest of
ORGANIZATION.-Controlled by same Interests as the Can. North.
420.000,000 4% bonds to be issued by the Dui. So. Sh. & Atl.; also 4% Int.
outstanding.
all
410,000.000.
Capital stock (shares $100.) authorized,
on consolidated bonds of the Minn. St. P. & S. Ste. 14.. and in 1899 Interest
Debenture stock. 334%. V. 87. p. 96: V. 8. p.1060.
stock of 1909 is a first lien on the seeped mtge. 4s of the latter, and in 1901 Interest on 41,254.000
The £825,405 4% perpetual consol. debenture
Minuet Range 4% bonds, the last named being all owned June 30 1914.
Toronto.
via
from Hawkesbury to Ottawa and from Ottawa to Niagara,
Owns Dui. S. S. & Atl. consols. $15.107,000
with additional charges on other lines. V.89, p. 40, 162; V.97. p. 1424.

NOTES.-In 1913 made three issues of secured notes;see table above and
V.98,p. 236; V. 97. p. 520. and V. 98, p. 1601.
LAND GRANT BONDS.--52.000.000 first mtge. 4% land grant bonds
of
are secured by 1.365.333 acres of land grant subsidies from Dominion
Canada. V.85. p. 1205: V.76. v. 1083: V.75. p. 183. 549: V.81, p. 263.
1126.
p.
479,
p.
1477;
88.
87,
of
V.
V.
4s
1909,
Grant
First M. Land
5% Land Mortgage Debentures.-The bonds £3,500,000 auth. Issue, of
which £1,500,000 sold) are a specific charge on all of the deb. stock and
capital stock of the Canadian Northern Town Property Co., Ltd.. which is
developing 300 towns and villages, aggregating about 68.700 acres, and also
acquiring property in 172 other towns and villages; also on the land grant
of the railway and deferred payments on land sold; total net security for
debentures.$29.222,870. V.97. p. 1424.
Imperial Rolling Stock Equip. Trusts. Series Gold ($500 and $1,000 each)Interest Semi-Annual-All 434s Except Series "G.""H 1" and "I." 5s.
Ser. Date. Outst d g. An.Install.Due Ser. Date. Outst d g. AnInsfall.Due
450,000 $250,000 June A-1_1911 $2,576.000 184,000 F&A
L___1906
M&
115,000 Part eachNov. B-1-1911 1.057,000 Part
M_..1906
Ade°
600,000 $200,000 June 0-1_1912 1,500,000 Part
N&O '07
A&O
Part
2,250,000
D-1_1912
600,000 100,000 F&A
P___1907
M&S
680.000 170.000 Mar. E-1 _1912 1.680,000 105,000 M&S
R
Part
3.580,000
_1913
F-1
Mar.
100.000
500,000
S___1909
M&S
900.000 Part
750,000 150,000 Mar. 0-1-1913
T___1909
750.000 40,000 J&D
250,000 50,000 Nov. H-1_1913
U ._1909
___
Nov.
V __1910 81.800.000 300,000
Int. paid: "0," Canadian Bk. of Comm., N. Y. or 'toronto; "IK.- "L."
""A-1." "B-1."
ls "D."
•." "T""U""V•
"M,"" r." "0," "P." "R "S"
& Ins. Co.;
"11." New York, London or Toronto; '¼)-i...Phila. Tr. S. D.
"0-1," Girard Tr. Co.,Phila.;"L")Guaranty Tr. Co.. N.Y.
the
FINANCIAL.-As to the plan in June 1914 for finally financing
"Chronicle."
enterprise, see "New Securities-Guaranty" above and also
cost
had
mileage
V. 98, p. 1600, 1607. The completed and uncompleted
cash subsidies
for construction and equipment Dec. 31 1913 $303.319,232;
$20,992.566;
received from the Dominion and municipalities to that date,governments,
proceeds of bonds guaranteed by Dominion and provincial
838.
761,
p.
$131.322,660. V. 98,
1914.
Earns. of Entire System-Estimate of 3d Vice-Pres. Hanna in May1918.
1917.
1916.
Years ending June 30367.000,000
Gross (based on % Inc. past 5 years)454,000,000 361,000.000 $20.100,000
Net earns. (after oper. expenses)--415.120,000 $17,700,000
Fixed charges, incl. int. on securities
proposed in bill of May 1914(V.98.
12,607.115 14,019,615 14.807,115
P. 1600)
1,250,000
1,250.000
1,250.000
Int. on 5% income debenture stock




OGI., 1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
goer abbreviations. &c., see notes On first Pagel

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

25
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

Canadian Pacific (Concl)-

Quebec Central stock dividend guaranteed
33.381.603See text J & 115 July 1519142%
____
2,943.540
4
1st M deb stk int gu red 110 after 20 yrs
F & A
2d M deb stock prin and int guar
1.644.933
334 J & J15 Jan 1 1963
- - --- 3d M bonds pan and int guaranteed
1.644.933
5
J & J15 Jan 1 1963
14 1909
500 &c
Arens Val El RR 1st, hi 5300,000 g red 105 int guar
300.000
434 g F it A Aug 1 1929
N I' and Augusta. Me
Minn St P & Sault Ste Marie and Duluth South Sher e & At tenth" -See sta tements of those co mpanies
116 1913
1.000 1,500.000
5 g F & A Feb 1 1928
Cape direr Nor-lstM22.500,000 g red 10234-SSt
St Louis. Mo
Carolina Atlantic & Western RY68 1914
1.000 1.250.000
No & So Car 1st Mg 21,500,000 gu red par_Co Ba.c*
6 g M & S Mar 1 1964
New York
37 1910
1.000
So Car West By,Hartsv Div 1st M g red 110Colc&r
465,000
6 g F & A Aug 1 1960
Columbia Trust &Co N Y
32 1913
500 &c
650.000
South Carolina Western 1st M g gu---AB.c*dcr*
6 g A St 0 Oct 1 1943
94
c&r
1911
-Col.
1.000
677.000,
Sumter
Div 1st mum gold red 105_ 6g M & N hov 1 1961
Columbia Trust & CoNY
ohoriostoo
Nor 1st m $2,600,090 g guied-text Ba.c*
___ 1913
1,000 2,325.000
6 g J & 13 15 Dec 15 1938
New York
--- 1914
See text
C A & W refunding mtge $25,000,000 authorizedBy
Line
Air
Carolina Central-Bonds-See Seaboard
8 1903
200.000
5
J & J Jan 11033
Caro Clinch( & Ohio-Lick Crk & L E 1st 31 assu.__x
Wash(D C)LOan&Tr Oa
256 1908
F 30*
1.000 13,500.000
5 g J & D June 1 1938
1st M 815.000.000 red 110
Blair & Co, New York
__- 1909
1.000 2,000.000
Mortgage gold notes 35,000.000 redeem par_Ea.xo*
5 g J & .1 July 1 1919
do
do
___ 1912
Elkhorn Ent ist M g notes(V 97. P. 1662)- Ba.xc
1,000 5.000.000
5 ¢ 31 & IN. May 1 1917
do
do
___ 1908
1.000 1.170.000
Equipment gold notes ser "A" due $130.1141es a_ Box
b g J & D Dec '14-Deo'18
do
do
Unx
-1910
1.000
Ser "13" due $50,000 a a
do
550.000
do
5 ¢ J & J Jan '15-Jan '20
do
do
___ 1912
1.000
. iV.88.p.451)due $50.000s-aNx
'
C'
do
800.000
do Ser'
5g
F & A Feb '15-Aug '22
do
do
-_- 1913
1.000
do Ser"D'(V 97,p 49)due$25,000s-a_Nx
do
300,000
b g J & J Jan '15-July'20
do
do
__ _ 1903
1.000 1,700.000
Carolina & North western-1st M $2.500.000 gold--(ix
5
g
J
& J July 1 1963
Checks mailed
x
1907
Caldwell& Northern 1st M
1.000
543,000
5
J & D June 1 1957
do
do
Carthage & Ad ir and Cartilage Water & Sack liar -See NYC & Bud R iver R R.
--- 1898
Catasauqua & Fogelsville--FIrst M gold__PeP.xo•
1.000
135,000
4 g d & J July 1 1928
Terminal. Phil.
Reading
98 -,.,,,
Cate wissa-Pref stock 5% guar P & R By (see text)
50 3.200,000
5
1.1 & N May19 1914 214 Company's Office, PhDs
First consol mortgage $2.215.000 gold_ --PeP.xo•
103 1898
1.000 2.215.000
4 g A & 0 Apr 1 1948
do
do
34
Cayuga dt Susquehanna-Stock 9% rental DL & W..
30
589.110See text J & J July 1914
43430 Pine Street New Yore
okChicago
&
Ho
Northwestern-See
Inia ad & Pac the fly
Cedar Rapids Iowa Falls
Central Arkansas & Eastern-See St Louis Southwest ern
Centre I Branch -See Missouri Pact() e
Central of Georgia Ry-Preferred stock 6% CUM,-, -15,000,0006 In 19141 & J July 8 1914
let M $7,000.000 gold
312 1895
0 xedtr
1,000 7.000.000
5 ¢ F & A Nov 1 1946 3% Guaranty Trust Co N Y
Consolidated mortgage $18,500.0001gold_ _Ba.xo•&r 1.493 1895
1.000 18.500.000
5 ¢ M & N Nov 1 1945
do
do
Mobile Div 1st, id (Columbus to Andalusia) it_ _(1.xo•
138 1895
1.000 1.000.000
5 ¢ J dt J Jan 1 1946
do
do
Macon & North Div 1st M $840,000 gold_ _MBa.xe*
102 1895
1.000
840.000
5it J & J Jan 1 1946
do
do
Ocon Div let M Brewton to Dover $6,000p m..0.x0*
77 1901
1.000
462.000
5 ¢ J & 13 Dee 1 1946
do
do
St. Lawrence & Ottawa bonds are endorsed with the Canadian Pacific's aoceptance of a 999-year lease at a rental sufficient to pay 4% int. on bonds.
and the bondholders' agreement to accept int. at 4% (Instead of 6%) and to
refrain from demanding principal (due 1910) during lease. V. 90, p. 1361.
The New 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 999-year lease of 1890.
The Calgary & Edmonton By. debenture stock is guaranteed interest at
4,1i under new lease of 1903. V. 76. p. 435: V. 77. p. 636.
The Lindsay Bobcaygeon & Pontypool By. bonds are issued under a 99year lease covering the Interest. V. 77. 13. 1225; V. 79. P. 2085.
The Interest on the Aroostook Valley (Electric) RR.20-year 434% bonds,
which has completed a first unit of 14 miles from Presque Isle to Washburn.
Me.. is guaranteed; an extension from Washburn. Me.. west 80 miles. was reported as let in July 1911. V.319. o. 846; V.90, p 107. v 92.o. 259
Car trusts outstanding June 30 1914, $720: also $13,630,000 Victoria
Rolling Stock and Realty Co. 434% bonds issued but not sold, payable in
15 annual installments. V. 99. P• 543.
SPECIAL INVESTMENT FUND NOTE CERTIFICATES.-On
Dec. 8 1913 a trust fund was created known as "The Special Investment
Funds", made up of deferred payments on land sales and securities in which
the cash proceeds of land sales are invested, to the aggregate of $55,000,000;
Royal Trust Co. of Montreal, trustee. The trustee will receive all the proceeds from the items constituting the fund. Stockholders were offered the
right to subscribe pro rata for $52,000,000 6% note certificates at 80. payable 32% Feb. 2 and 48% Mar. 2 1914. The certificates will be payable at
their face value on or before Mar. 2 1924, but may be redeemed in part by
drawings at any time when the trustee has funds on hand for the purchase.
V. 97, p. 1732. 1897; V. 99, p. 544.
LANDS.-Lands unsold June 30 1914 were 217,368 acres in Manitoba.
2,173.765 acres in Saskatchewan, 3,947,233 in Alberta (of which 542,872
are irrigated). 1,113,289 in British Columbia, 96.000 in Quebec and 46.933
acres of coal land in British Columbia; total 7,594,588 acres. See V. 97.
p. 1048. Est, market value July 1914, 2128,225,000. Total sales in
1913-14, 259,371 acres, for $4,618,420.
SUB.COMPANIES.-In 1910 Can. Pac. interests purchased practically
all the stock of Dominion Atlantic By.. Yarmouth to Truro, with branches,
total 247 m.. with 45 m. trackage to Halifax, possession being taken April
1911. and road is leased for 999 years from 1912. V. 91, p. 728: V. 90, p.
1490. 1424; V. 93, p 1461; V. 94, p. 278. Owns nearly all stock of
Alberta Ry. & Irrigation Co. and leases road on a guaranty of interest on
deb. stock: the stockholders on May 27 1912 authorized a mortgage. See
V.92,n. 955: V.93.p. 593: V.94.p. 1316; V.95.p.617.
The Can. Pao. leases for 999 years from Dec.31 1912 Quebec Central By..
Sherbrooke to Harlake. Que.. 13734 miles; Beauce Jet. to St. George, 24 in.,
and Truig to Megantic, 59 m.: total, 221 m.. with 5 m. trackage. The
rental will provide for (1) interest on $2.943,540 4% debenture stock: (2)
3
interest on $1,644,933 3% debenture stock (which was converted
into new 50-year 314% debenture stock (prin.
guaranteed by
(3)
5% on 81,644,9337% income bonds (converted Into new 50-year lessee);
5% bonds)
prin. guar. by lessee;(4) 4% on the 53,381,603 capital stock for first
4 years
and 5% thereafter. V.93,p.667. 1106: V.94,p. 1625; V. 96.p. 361.
715.
GENERAL FINANCES.-In Feb. 1913 stockholders subscribed for
260.000.000 now coin, stock at 150. V. 95. p. 889. 1402; V. 93. P. 1667.
EARNINGS.-2 mos.,f 1914___ _Gross, 220,399,736: net. $7,141,604
July 1 to Aug. 31. 11913___ _Gross, 23,427,521; net. 8,077,932
ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is
held at Montreal on the first Wednesday in October. The report for 19131914 at length was in V. 99. p. 532. 543. See also V.99. p.1070.
1913-14.
1912-13.
1911-12.
Miles operated end of year
12,044
11.602
10.983
Passenger earnings
832.478.146 $35,545,062 231.812.208
Freight
81,135,2P5 89,655,223 79.833,734
Mail,express and miscellaneous
16,201,382 14,195.415 11,673.599
Total earnings
$129,814,824 139.395.7002123.319.541
Net earnings
$42,425,928 246445,874 $43,298,243
Excess steamship earnings
1,245,563
1.104.448
242,425,928 $47.491.437 $44.402.691
Fixed charges
$10.227.311 810.876.352 210.524.937
Steamship replacement fund
1,000,000
1,000,000
Pension fund
125,000
125,000
125.000
Transferred special income account
2.115.842
Dividends on common stock (7%)*
17,150,000 13,650,0a0 12,600,000
Int. on stock subscriptions
569,814
Dividends on pref. stock (4%)
3,109.520
2.960.013
2,592.235
Balance. surplus
$9,698,254 $18,310,258 217.560,519
* Also yearly 3% extra from special income.
OFFICERS.-President and Chairman, sir Thomas G. Shaughnessy;
Vice-Presidents, D. McNicoll, I. G. Ogden, G. M. Bosworth, Montreal,
and George Bury, Winnipeg; sec.. W. It. Baker; Treas., H. E. Suckling,
Office. Montreal.
DIRECTORS.-Richard B. Angus, Adam R. Creelman, Herbert S.
Holt, Charles R. Hosmer, Hon. Robert Mackay, David McNicoll, Sir
Thomas G. Shaughnessy, Sir William C. Van Horne, John K. L. Ross,
Montreal, Can.; Hon James Dunsmuir, Victoria, B. C.*, Sir Sandford
Fleming, Ottawa; Wilmot D. Matthews, Sir Edmund B. Osier, Toronto;
Sir Thomas Skinner, Bart., London, Eng.; A. M. Nanton, Winnipeg.
-(V. 99. p. 532, 543, 747.)
CAPE GIRARDEAU NORTHERN RV.-See page 140.
CAROLINA ATLANTIC & WESTERN RY.-Hamlet, N. C., to
Charleston, S. C., 169 miles. including 99-year trackage over Georgetown &
Western from Pee Dee Bridge to Andrews, S. C., 34 miles, and Andrews to
Charleston, S. 0.,57 miles. under construction; McBee to Florence, S. C.,
38 miles, with branch to Sumter, S. C.. 39 m.; Florence to Poston, S. C.,
32 miles; total, 278 miles. IncOrp. in South Caro. April 1914 under Special




Act as a consolidation of North & South Carolina By., South Carolina
Western By.,Charleston Northern By.,&c. V.98. 1155. Stock
p.
auth..
22.525.000. Understood to be controlled by Seaboard
Air Line By., which
guarantees several bond issues and with which it has a traffic agreement.
Of the Charleston Northern 1st guar. 6s (22,600,000 auth. issue).
$2.475.000 are Series A (redeemable at 10234) and $125.000 Series B (redeemable at par); outstanding. *2.200,000 Series A
Series
B.
$125.000
and
V. 98, p. 1692.
The Car. Atl. & West. Ity. has made a refunding mortgage for
225.000.000, dated April 6 1914
For year ending June 30 1914 (202
gross, 2268,735; net, $70,743.
Pres.. W. R. Bonsal; V.-P. & miles),
Gen.
Hamlet, N. C.-(V. 98. p. 1155. 1608, Mgr., J. E. Hancock. Office,
1692.)
CAROLINA CLINCHFIELD & OHIO RY.-(See Map.)---tivrns from
Elkhorn, Ky., to Spartanburg, S.
277 m.; branch, Kiser. Va., to Laurel
Jct., Va..6 m.: trackage, Kiser to O.,
St. Paul, Va.,Sm.: total, 256 miles. Extension north from Dante. Va., to Elkhorn,
Ky., 35 m., was opened in
Oct. 1914. V. 94, p. 1448; V. 97, p. 1661; V.
98, p. 1692. Connects at
Bostic, N. C.. with Seaboard Air Line Ry.,
which close relations are
maintained and tidewater is reached. V. 88,with
p.
944: V. 87,p. 670. Controlled by the Cumberland Corp., which see below;
also V. 95. la• 113. 358•
Financed by leading New York bankers.
STOCK.-Authorized,$40,000,000, of which $15.000,000 is 6% pre/. and
$25,000,000 corn.; outstanding, $25,000,000 porn, and $12,000,000 pref.,
all owned by Cumberland Corp., except $2,000,000 pref. which is deposited
with trustee of mortgage gold notes to provide for conversion of notes.
V.94,p. 1625. Dividends on pref. 3% semi-ann. Mar. 1913 to Sept. 1914,
incl. In Feb. 1910 arranged with Southern By. to send coal to Charleston,
S. C.,for export. V. 90. p. 558; V. 95, P. 359.
BONDS.-First mtge. of 1908,see V.86, p. 667. 856; V.88, p.944.
The $2.000,000 10-year 5% mtge. gold notes follow in lien the $13.500.000 first 5s of 1908. They are subject to call as a whole or may be drawn
In part by lot. V.89.0. 285. Of the $5,500,000 Elkhorn Extension 5-year
1st M.5% notes,$5.000.000.have been sold to construct Dante to Elkhorn.
V. 95. p. 358. 418. 480; V. 98. p. 688.
REPORT.-Report for year ending June 30 1914, in V. 99, p. 966.
showed: Gross,$2,679,208; net,after taxes, 21,292,599: other income,$373.822; pref. divs. (3%), $600,000; int., rentals, &c., $966,307; bal., Bur.,
8100.114.
Mark W. Potter, Pres., 24 Broad St., N. Y.-(V. 99, P. 966.)
CAROLINA & NORTHWESTERN RY.-See page 140.
CATASAUGUA & FOOELSVILLE RR.-Catasauqua, Pa.. to Rittenhouse Gap. Pa., 30.9 m. Stock, $426.900 (par $25): $254,125 is owned by
Reading Co. Divs. paid In 1904-05. 8%; in 1905-06. 8%; in 1906-07. 8%
1908-09, 8%; 1909-10, 10%; 1910-11. 10%; 1911-12. 10%; 1912-13. 10%•
For year 1913-14. gross. $213,080; net, 287.093. In 1912-13, gross. $254.484: net, $144,996: other income. $6,132; int., taxes, &c.. $25.106; dive.
(10%). $42,690; add'ns and betterm'ts, $1,042; bal., sur.. $82,291.(V. 81, p. 149.)
CATAWISSA RR.-Owns from Tamanend. Pa., to Newberry Jot.. Pa..
101.22 miles: second track. 39.83 miles; total, 215.51 miles. Re-leased
Dee. 1 1896 for 999 years to Philadelphia & Reading Railway. Rental.
Int. on bonds, 5% dies, on pref. stock, all taxes and 58,000 for org. exp.
See also V. 63, p. 969, 1116 Of the pref. storks. 31.000.000 Is 2d pref.
Common.21.159.500: Par. $50.-(V. 72. P. 1187; V. 96. P. 1421.)
CATSKILL MOUNTAIN RY.-See page 140.
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. & Western at a rental of $54,600 a year. Divs, paid
are 9% yearly, with an occasional extra amount: In 1904934% was paid.
CENTRAL OF GEORGIA RV.-Operated July 1913, 1.924 miles
(1.432 miles owned):
Lines owned in leeMiles.
Lines teased (sec these cos.) Miles.
Savannah to Atlanta
295 Southwestern RR.
Gordon to Covington
82
Macon to Eufaula
144
Columbus to Birmingham. Ala_ 156
Fort Valley to Perry
12
Columbus to Americus
62
Fort Valley to Columbus_ _ _
71
Montgomery to Eufaula, Ala.._ 80
Smithville to Columbia
85
Columbus to Greenville, Ga____
49
Cuthbert to Fort Gaines_
21
Opelika to Roanoke
36 Augusta & Savannah RR.
Eufaula to Ozark
60
Millen to Augusta
53
Griffin, Ga.. to Chat.. Tenn..&o_ 198 Chattahoochee & Gulf RR.
Chickamauga to Durham
18
Columbia to Lockhart
91
Savannah to Tybee
18 Trackage
14
Columbus to Andalusia
138
Macon Junction to Athens_
102
Total oper. July 1914
1,924
Brewton to Dover
77
Barnesville to Thomaston
16 Also owns Meldrim to Lyons. 58 in,
Lyerly Branch
9 (leased to Seaboard Air Line),
Upper Cahaba Branch
12 Ocean SS. Co., est. equiv. of...--300
Greenville to Raymond
24 Controls Wrightsville & Tennille and
Wadley Southern By,
Total owned
1.432
ORGANIZATION.-Suoceeded Nov. 1 1895 the Central RR. &
Banking
Co. of Georgia, foreclosed. V.60. p. 1008: V.61. a. 68.
/n June 1909 the $5,000,000 stock was acquired
the Illinois Central.
but the road is operated independently. V. 88, p.by
1559; V. 84, p. 1550:
V. 85, p. 1082, 1288: V. 86. p. 667.
STOCK.-On June 3 1912 $15,000.000 pref. stook was
authorized, the
stock being offered to the "present shareholders" (the
III. Cent.)
at par, primarily to purchase and retire the Income
bonds (514.461.000)
acquired by the Ill. cent. and the remaining $539.000 as
presented
; V.94.
1316.
1565;
fi•
V. 95, p. 1037.
DIVIDENDS.-On pref. to July 1914. 6% p. a.
On
coin.,
and 1913-14, 5%.
1912-13

[VOL. xcix.

RAILWAY STOCKS AND BONDS

26

Winne
Moundsville

9
.

New Mar I sonic

fashIngye,. .

Fairmont
z Hamilton 0
idland
a.& q 6,




reenfleld

Hinton

/.4

.
fEagle Mtn.

Natural- ridg
New Castle/

1
LNHco/' /R

CLINCHFIELDA
'g/§7
/1
COAti/
//RAY/ /
REGIION
Bi/
Martinsville
Hillsville
. Stuart
.
Kt er

•4.
rarcor,
KINGS
?set

MtAiry

1•
6;lat011yfreek
:

Clarksv.e

DanVllle

Norlina
•

•

Hendirson
.s*

Wilkesboro

Iln

0W1st:inn-

Taylorsville

n

4'4410
reensboro

tt
:

StatesvIll
to.

,c)'''Aebb°ro
lisbury

. Charlotte
. v.
Norwood
Black ulZtt
. •
Monroe
Walhalla

be).6%
Rock III]
:t

ASW

L,I.',71tEcNe°t°'"
•••••••••••••%
Cherat

Hopi,
Parkton
_Olax on
\
o Pembroke

MAP OP THE

CAROLINA,
CLINCHFIELD AND
OHIO RAILWAY

z

OCT.. 1914.}

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviatio
&c., see notes on first page]

Miles Date
Road Bonds

Central of Oa Ry-(Concluded)Eatonton Branch first mtge not guaranteed gold_x
21
Mid Ga & Atl Dlv 1st (consol) 1159.000 P 111--13.xe.
65
Chattanooga Div parch money M 52.400,000 g(i.xe•
164
Chattanooga Rome & So 1st M 8500,000 131-111.x0•
138
Upper Cahaba mortgage gold redeem 1024-_..Nx
12
Greenville & New 1st N gold redeem 1023
Ni
24
Gen & ref M 880,000.000 auth g red textUsmze&r•
iMpz
1st prof incomes}Interest up to 5%
Cez
2d
do
do
gold if earned
Baz
3d
do
do
non-cumulative
Central rtR & Bk coil tr bonds g red at 110_ _ _ Ce.o•
Equipment trust series 11 $51.000 s-a (V 82. p 217)x
Equip trust series I 8115.000 s-a (V 83. p751) OPx
do
do
series K $38.000 semi-annually_ __ _x
Guaranteed, &c., Securities
Ocean SS Co first mortgage gold guaranteed_Ce.zo•
53
Augusta & Savannah stock (no bonded debt)
333
Southwestern Railroad stock (no bonded debt) _ _
Chattahoochee & Gulf stock
91
First M gold 52,000.000 int rental sr red at 1024x
117
Cent Indiana-1st M 54.000,000 gu p&I end_Ce.xc•
12
Cent New England-Dut Co RR first )1 g guar,Ba.xo•
C N E 1st M$25.000.000g gu red105beg'21_Fxo•&r•
149
Central Ohio-See Baltimore di Ohio
Central Ontario Ry-lst 11 (see Can Nor Ontario fly)Central Pacific-lst ref M g gu p & I end_Ce.xc•&r 1,349
3)4s $25,000,000 gold guar p & I end_ _ _ _ Us.aic• 6zr 1,349
Luella cut-oif 1st M $10.000,000 gu (text) _Gore &r•
103
Bonds 250.000.000 francs guaranteed red par_ _ Usx
Nevada & Cal. &c. 1st M assumed
479
Oregon Eastern first mtge assumed__
86
Other bonds-see text
Central RR of Haiti-Ist M 1.1 S go1,1 (see text) 0.xc•
do
do
2d 1%1
(ixo•
Central RR of N J-Stock ($30.000,000 authorlzed)- Central RR of N J gen M $50,000,000 gold ___Ce.xrc All do
do
registered
_x All
L & W B con 3.1 $20.000.000 serial g guar.PeP.xo•
Am Dock & Imp Co 1st M guar redeem at 110_ __xo•
Includes
91.167.000 in treasury July 1914.
b

Par
Value

1896
$500
1897
1.000
1901
1.000
1897
1.000
1905
1.000
1905
1,000
1912 1.000 &c
1895
1.000
1895
1.000
1895
1.000
1887
1,000
1906
1,000
1906
1,000
1907
1,000
1890
_
1900
1903
1890
1911

Amount
Outstanding
3168.000
413.000
2.057,000
343.000
330.000
330.000
See text
146.500
104.800
48.000
4.840.000
153.000
110,000
190.000

Rate

5g
5 our
4g
6
4g
4g
5g

5
5

5
5g
434
4%
5g

27

When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable
J &D June 1 1926
Savannah. Ga
J 63 J Jan 1 1947
Guaranty Trust Co, N Y
J & D June 1 1951
Guaranty Trust Co. N Y
J & J July 1 1947
Union Trust Co, New Yk
F & A Feb '15-Aug '25 Guaranty Trust Co. N Y
M & S Mch 15-Sep '25
do
do
A & 0 Oct 1 1962
Oct 1 Nov 1 1945
Guar Tr Co,N Y or Sayan
Oct 1 Nov 1 1945
do
do
Oct 1 Nov 1 1945
do
do
M & N May 1 1937
Guaranty Trust Co, N Y
g F & A To Feb 1916
Blair do Co, New York
g J &J To July 1916 Kountze Bros, New York
M de S To Mob 1 1917
do
do

1.000 1.000.000
5g
100 1,022,900
5
100 5,191,100
5
100
436.400
5
1.000
272.000
5e
1,000 1.500,000
4g
1,000
287.000 4% (6) g
1.000 &c See text.
4g

July 1 1920
Guaranty Trust Co. N Y
July 1914 24% Savannah,. Ga
July 1914 24% Savannah and Macon
July 1914 234 Savannah. Ga
Citizens'Bk,Savannah,Ga
July 1 1930
May 1 1953
Central Trust Co. N Y
June 1 1940
FM IT &SD Co. Phila
Jan 1 1961
Lincoln Nat Bk, N Y

1909
£100
£200,000
5
J leJ 1934
1899
500 &c 99.673.000
4g
A Aug 1 1949
1899
500 &c 12.401.500
3 g
Aug 1 1929
1904 1,000
9.640.000
4g A
0 Oct 1 1954
1911
500 ft 48.262,548
4
MO 1 1946
1911
8.500,000
6
Nov 1 1941
1912
5.000,000
6
Jan 1942
1909
1.000
800.000
6g .7 &I)June 1 1919
1909
1,000
200,000
J &D June 1 1919
100 27,436.800 See 6g
Nov 2 1914 2%
iAA
1.0001 b45.091.000{otext I Q-F
&J July 1 1987
1887 500 &of
5g
Q-J July 1 1987
1910
1.000 16.996.000
4 g J &D June 1 1915-'50
1881
1.000 4.987.000
5
J &jJuly 1 1921

Bank of Montreal. Lend
165 Broadway.New York
do
do
do
do
London. Parts, 13e1g. &a
Owned by South Pao Co
do
do
Co's office. 25 Broad St
do
do
Office 143 Liberty St.NY
Liberty Nat Bank. N Y
Check from Treas. Office
Liberty Nat Bank. N Y
do
do

BONDS.-The first mortgage of 1895 (described In V. 63. p. 1160) IS a
first lien on the main line from Atlanta to Savannah. including the Milledge- net, $132,023; other income, 913,165; int., taxes dec., 574.976; bal., our.,
ville branch (312 m.in all). all equijoment and appurtenances and the equity $70,212. Office, Toronto, Ont.-(V. 91, P. 276.)
In $1.995.000 stock of Ocean SS. Co. V. 84. p. 529. 605: V. 87. p. 550
CENTRAL PACIFIC RY.-(See Map of Southern Pacific.)
Application for fisting firsts and consols In V. 63. p. 1160.
Lines
Miles.
The consol. mtge. (see abstract V.61, p. 873; also V.63, p. 1160; V.83, p. San Francisco Cal.. to nearMiles. Weed,
Cal.. to Chiloquin
Ogden, Utah
1347) Is a first lien upon 600 m. (including former Mont. & Eufaula RR.
Jct., Nev., to Keeler,
Say. & Western and Say. & Atl.): also on the leases of the South Western Lathrop, Cal., to Goshen, Cal- 871 Tonopah(narrow
gauge)
151
Nev.
and Augusta & Savannah roads and the stock of New England & Savannah Roseville Junction. Cal., to Ore- 146 Mojave
143
to Owenjo. Cal
gon State line
Steamship Co., and a second lien upon the mainline,Its equipment, &o., and
297 Branches. &c
90
also on the Macon & Northern, Mobile & Girard, and other divisions. It Umbria to Cecil
103
Leased,
&c.San
Jose to Brighton, Cal
also covers all leaseholds, securities. &o. V. 85, P.605: V.89, p.777.
12
Mound House to Tonopah Jet., 122
Collateral trust mortgage abstract was In V. 45. p. 242.
Into Ogden. &c. (trackage).Nev
The Chattanooga Division mortgage covers the former Chattanooga
136
Total June 30 1913
Rome de Southern RR.. Carrollton. Ga.. to Chattanooga, Tenn.. 138
On Feb. 29 1912 purchased from
Southern Pac. Co. lines aggregating
2.8
8
127
2
miles, and Durham to Chickamauga, Ga.. 17 miles. with branches. In all miles, the most
being the Nevada gz California. Hazen. Nev..
164 miles, subject to 5343.000 old 5s, for which a like amount of bonds ie to Mojave, Cal.,Important
474 m. V. 94. P. 1118.
982; V. 96, p. 560.
reserved. V.'72, p. 1134; V. 78, p. 1446.
Upper Cahaba Branch bonds are secured by coal lands In Northern AlaORGANIZATION.-Incorp.In Utah in July '99. per plan In
V.684).378.
On Feb. 11 1914 suit
bama. also by road Henry Ellen to Margaret, Ala. V. SI. p. 920. 1099.
was begun by the Government to separate
the comOf the general and refunding bonds of 1913($80,000,000 auth. issue), with pany from the Southern Pacific Co.
V.97. p. 1114; V. 98. p. 303, 522.
Int. not to exceed 5%. 85.000.000 series A were issuable at once (of which
STOCK.
-The
Southern
Pacific Co. owned the entire 867.275.500 com$6,637.000 have been issued and $600,000 pledged as collateral for $750,000 mon and
$17.400.000 pref. All the aforesaid stock is held as collateral for
note), 932,104,000 reserved to retire old bonds, $ for S. and the remaining
$42.986.000 for acquisitions, extensions, &c. In Feb. 1914 application was the 834,218,500 coll. trust 45 of the Southern Pee. Co. V.96, p. 419.
DIVIDENDS.-On pref., 4% yearly to
made to issue $1.400.000 bonds for improvements. V. 98. p. 452. Series
1912. inclusive, and late In 1912
an extra payment to adjust the
A bonds are callable as a whole only at 110. V.95,p. 110,889. 1037.
average yearly rate from 1907 to 1912 to
the same as common: fiscal year
INCOME BONDS.-See preferred stock above.
1912-13, 6%. On common. in 1906-07.
6%; in 1907-08. 6%; 1908-09, 6%;
1909-10, 6%; 1910-11. 10%; 1911-12
LATEST EARNINGS.-(1914
Gross, $3,173,217; net, $735,867 and 1912-13, 6%.
3 mos.. July 1 to Sept. 30.1,1913
Gross, 3,278,486; net, 692,143
130NDS.-First refunding mtge. gold 4s.
REPORT.-For 1913-14, In V. 99, io. 967.
$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.
Year ending June 30Thirty-year gold 3 34s.325,000.000. secured
1913-14.
1912-13.
1911-12.
by a second lien upon all the
Operating revenues
$14,210,743 $13.854,872 813,932,153 properties covered by the 1st ref. mtge, and also
by deposit with the trusOperating expenses
10,745,269 10.324.964
9.923,262 tees, as acquired, of all securities and moneys held In any sinking fund of the
Central Pacific By., consisting June 301913
of
$5.667.470
In securities and
Net operating revenues
$3,465.474 83,529,908 $4,008.891 $173.395 cash, and by a trust deed upon all
lands covered by mtg. dated
Operating income (after taxes)
$2,909,214 53.004.853 $3,451,977 Oct. 11870. See Mortgage Abstract, V.69.the
851. From
p.
also
858;
seep.
Other income
841,592
725.999
742.796 the proceeds of these sinking funds and land sales cancellations of bonds are
made from time to time; to June 30 1913
$12,598,500 had been canceled, reTotal income
ducing
those
93,750,806 33,730,852 84,194.773
outstanding to 812.401.500.
Interest on funded debt, &c Lucin Cut-off 4s are red. at 1074 any int. day. V. 79. p. 1641; guar$1,840,403 $1.894,498 $1.921,783
Rentals and miscellaneous
819,361
612.891
628.385 anty, V. 80. p. 162.
Preferred dividend (6%)
In Feb. 1911 the sale was arranged in France of 250.000,000 francs 4%
900,000
900,000
Common dividend
35-year coll,trust bonds, guaranteed by the Southern Pacific Co (the latter
(5%)
250,000
250.000
pledging as security for the guaranty part of its Interest in affiliated cos..
Balance, surplus
def.$58.958
5373.463 81.644.606 notably So. Pacific RR.). V. 92. p. 593. 794; V. 94. p. 130. 1762.
OFFICERS.-Chairman, Charles H. Markham, Chicago,
The $8,500,000 outstanding Nevada 64California 6% bonds ($15,000,000
Ill.; Prest., auth. Issue)
W. A. Winburn,
were assumed on purchase Feb. 29 1912; also $3,000,000 CenSavannah, Ga. General office Savannah. Ga.-(V.
97. tral California By., 51.000,000 Chico & Northern RR., $2,500,000 Sacra1)• 886, 1109; V. 98, p. 155, 452, 1155. 1243;
V.'99, p. 888. 967.)
mento Sou. RR. and $5.000.000 Oregon Eastern By. V. 94, p. 982. 1118.
CENTRAL INDIANA RY.-Muncie to Brazil.
id.. 127 miles, of which
10 m. trackage. V. 76, p. 653.
LAND GRANT.-Total land grant was about 12.000.000 acres, of which
Controlled by Cloy. Cm. Chic. & St. Louis
and Penn. RR.Interests.
guaranteed by Cloy. Cin. Chic. & St I., about 7.224,854 acres unsold June 30 1913. Sales in 1912-13. 122.049
are limited to $20.000 per Bonds,
acres.
Land contracts July 1913.52.243.824; avge. price per acre. $12 42.
outstanding, $1.500.000. V. 77. P.
2279; V. 78. p. 1900, 1961.mile:
517.
Stock auth., $120.000. Calendar
REPORT.-Year ending June 30 1913,gross.834,370.037; net. $13..850.year 1913.
gross,$214.964: def, under oper.
745;
other income,$1,631,691; int., taxes,sink. fds.. &c.,$11.067.652. div.
$34.541; other Inc.. $549;chges.. 991.831; bal.. def., $125,822. Pres..exp..
Joseph Robinson.-(V.78. p. 1906. 19614
on pref. stock (6%).$1,044.000; div. on corn. stock (6%).$4.036.530,bal..
def.,
$665,745.
1911-12, gross. $32.098,422; net, $13,222,657.-(V• 94.
CENTRAL NEW
RY.-Owns from Campbell Hall, crossing p. 1118, 1762; V.In
the Hudson River atENGLAND
96, p. 419; V. 97, p. 1114; V.98. p. 303, 522.)
Poughkeepsie
Its own bridge, to SlIvernalls. 43 m.:
Poughkeepsie, N. Y., to Hopewell,by
CENTRAL RR. OF HAITI.-See page 140.
m.; Dutchess Jct.. N. Y., to State
line. 59 m.: Poughkeepsie, N. Y., to12Boston
148 m : and leases and controls Hartford & Corners. 34 m.; total owned.
CENTRAL RR. OF NEW JERSEY.-(See Map Reading System.)-OperConn. Western RR.. Hartford
to Rhinecliff, 110 m.: TaritivIlle,
to Agawam Jet., Mass.. 14 m.; ates from Jersey City. opposite New York City, westerly to Wilkes-Barre
Agawam Jct. to Springfield, Mass.,Conn.,
and Scranton. Pa.. and the neighboring anthracite coal fields; also southerly
3 m.: trackage over New England RR.;
trackage over Boston & Albany RR., Wicopee
to FishkIll Landing. to the seashore resorts of New Jersey and to the Delaware River.
1.65 m.: total. 277 miles. V. 89, p. 918: V. 95.June.
Lines Owned in Feep. 418.
Miles. • See this company.
ORGANIZATION.-On June 30 1914 the N. Y. N. II. & It. RR. owned Jersey City to Phillipsburg
17
72 Nesquehoning Valley •
$3,770,083 pref. and $4,795,051 corn. stock. V.
branches
84 Lehigh & Susquehanna, Philli
85, p. 404. 858; V. 89. Sundry
Entire Stock Ownedo. 469; V. 00. p. 1238. 1296. 1489: V. 91. p. 153. 396. 870.
burg to Union Jot.. &o
P8-171
New
York & Long Branch RR.,
Wlikes-13arre & Scranton •
5
STOCK.-Common. $4.800,000; pref., 4%. 33.750,000: par, $100.
Perth Amboy to Bay Head_- 38 Other lines
Dividend on pref.. 4%. paid in 1913-14.
8
New Jersey Southern RR., Long
TrackageBONDS.-The 1st guaranteed 4s of 1911 ($25,000.000 auth. Issue) are
Branch to Atslon, &o
a
76 Union Coal RR
10
first lien on 137 miles of road and the Poughkeepsie Bridge. Of the bonds
Other lines (no debt)
_147
(oper.jointly)
rtotwn
4
512.012,000 were sold to retire outstanding bonds and notes.
Leased (Mostly for 999 rears)
remainder,
Other trackage
30
except $287,000 reserved for Dutchess Co. bonds, being setthe
Dover & Rockaway RR
aside
for
not
5
exceeding 75% of the cost of extensions, additions and imnrovements. Ogden Mine •
RR
6
7
10
operated
Total
8
1914
On Apr. 22 1914. 53.000.000 bonds were authorized to retire floating
There are 262 miles of 2d. 41 miles of 3d and 30 milesJuly
debt
of 4 tracks.
and for impts., making $15,012,000 outstanding. V.
98, p. 1315. V. 92,
HISTORY.-ReorganIzed In 1887 without foreclosure-see plan V.44.
P. 1374: 1635: V. 94. p. 206; V. 96, p. 134. Dividend
p.
on
incomes,
714.
716.
Concerning
4%
coal properties. see Lehigh
Oct. 1 1909; Oct. 1910 to 1914. 5%. V. 93. p. 666.
Wilkes-Barre Coal Co.
and Lehigh Coal dr. Navigation in "Miscellaneous & In 1901 Reading
Co.
EARNINGS.-For 2 mos. ending Aug. 31:
acquired $14,504.000 stock. V. 72. p. 86. 136. ."
241. 391. 721. In Sept.
2 MonthsGross.
Net.
Other Inc. Charges. Bat. Sum. 1913 the Government brought suit alleging violation
of both the Sherman
1913-14
8591,869 8122,846
88.016 8151,082 df.20,220 law and the commodities clause of the Inter-State commerce law, and de1912-13
589,644 240.138
11,185 112.453 sr.139.555 manding separation from the Reading Co. and allied coal properties and
12 Mos.end.June 30. Gross.
Net.
modification
Other Inc. Charges. Balance
of Lehigh & Susquehanna lease. V. 97, p. 666.
1913-14
83,764,255 51,122,048 $27.219 5919,245 $230,020
DIVS.-1'91. '92 to '94. '95. '96. '97. '98. '99. '00. '01. 1902
1912-13
3,708,971
to
1,619,214
54,250
759,047
914,416 Per cent _- 39 7 yearly 5
5 4
4
Dividend on preferred, $149,888 (4%), paid in 1913-14.
4
5 5 8 yearlyNov'146 (Q-F).
Also spec al 2% 8.-a.(4% D. an.) from Dec. 1909
to
June
1914
incl. from
OFFICERS.-Howard Elliott, New Haven, Pres.; A. S. May, Treas..
% diva on Leh.& W.Coal Co.stock owned. V.8943.1410:
V.90,9. 1612.
and Arthur E. Clark, Sec.-(V.97, p. 666; V. 98, p. 1315; V.99, p. 608.)
BONDS.-For general mortgage abstract, see V. 45.
p.
402.
CENTRAL ONTARIO RV,-Owns Picton to Trenton Jct., 32.17 miles;
The $20,000.000 Lehigh & Wilkes-Barre consol.
serial 4s are guar. prin.
Trenton Jet. to Coo 11111, 72.6 m.; Ormsby Jct. to Maynooth,
35.36 m.; and Int., and mature 32.500.000 every 5 years beginning June
leases Marmora R.di Mining Co., Marmora Jet. to Cordova. 9.6 en.; total,
1 1915;
$2,691.000 were reserved to retire the 5s due Nov.1
1912. V.90.p.1296.976
149.73 miles. Stock, 83,331,000. of which $3,329.000 owned by Canadian
EARNINGS.-For two months ending Aug. 31.
Northern fly. V. 98. p. 1600. 1607.
4tro MonthsGross.
Net.
Bonds. £200,000 1st 5s, sinking fund $10,000 yearly; Trust & Guaranty 1914
Charges.
Del.
35,602,994 52.364,073 51,351,213
Corp.. Toronto. Out,, trustee. Year ending June 30 1913, gross,
$1,012.860
$375,048: 1913
5,979,664
2,788,150
1,376,399
1,411.751




28

Miles Data
RAILROAD COMPANIES
Road Bonds
(For abbreviations. &c.. see notes on first page.]
(Cana)Central of New Jerseylot
38 1891
gu itly($192,000 5s) __Cexo*
NY & L Br gen AI g
_,_.
1890
guar jointly_ _Ce.xs•
Lehigh & Bud Riv gen M gold
ext 1908--FP
SI,200.000
M
31 1893
Penn-let
of
RR
Central
mtge
40
-First
gold___xo
1881
Carolina
South
Central RR of
t 1.1 £2,600.000
Central Ry of Canada-le(V
37 1909
90. p 1169)
Central Counties let M
7 1906
M $150.000 g gu red -CPI
Cent Ry of So Car-First
Central Terminal RR-See Minneapolis St Paul 4; Saul t Ste Marie
$3,000,000
-Stock
Vermont
Cestral
189*
First M $12,000,000 gold traffic guar____AB.xo&r All
1905
Car trusts $15.000 or $16.000 due quarterly
1906
___
751)_
p
83
(V
yearly
due
$20,000
trusts
Locomotive
due semi-annually
1907
Car trusts $13,000 or $14.000 F
& A (V 94, p 350)x
.... 1912
Eq tr notes due 149.000 each
Montreal & Province Line By let M guar p &1_,...c 40.6 1900
due s-a-Ba.x
-_. 1909
0 V Trans eq bds g gu $12 M or $13 M
... 1912
do Ser B due *50,000 semi-an guar_ _Ba.x
do
Charleston & Savannah-See Atlantic Coast Line RR _
___ 1903
Charleston Terminal-First M $1.000.000 g -0.xc•&r
__ 1907
Charleston Un Sta-lst M$400.000 g tru(text)Eqxo*.tr
340 1896
Charleston & West Car-lstM t($8.000 p m)Ce.xc•&r
338 1914
SBa.xc*
1st consol M Ser A
338 1914
do
do
-__ 1897
Augusta Terminal Ry 1st 31 gold guar ? & I end_xCe
10,000
g
M
--c*
18 1902
Columbia-let
&
Monroe
Charlotte
Charlotte Columbia & Augusta-See Southern Fly
Chartiers-See Pittsb Cincinnati Chicago & St Louis
8 1896
Chattahoochee Valley-C V RR first mortgage__ .xx
-AB4 2434 1900
Consolidated mortgage $280.000
Eti.xo&r
__. 1907
Chattanooga Stat-lst Mg gu(text)
Cherry vale Oklahoma Et Texas Ry-(See V 91 p 870)
28 1898
Chesapeake Beach-First mtge see V 81 p 974__N.c*
_-_ _
Chesapeake & Ohio-Stock ($100.000.000 authorized)
10 11122
Terminal 1st M 1922 covering 8 m to Phoebus g-zo*
_ _Ce.x0*&r
697 1889
First consol mtge for 630.000,000
goldxo*
242 1890
Rich & All Div 1st & 2d Ms ($1.000.0002ds)Ce.
26 1890
Ce.xo•
Craig Valley Branch first mortgage gold
25 1891
Ce.xo*
Warm Springs Branch first mortgage gold
General mortgage (for 670.000,000 &c) gold_Ce.xo• 1,419 1892
23 1905
Paint Creek Branch let M 3750.000 gold_ _ _Ce.xe•

Amount
Outstanding

Par
Value

Rate
%

When
Payable

Last Dividend Places Where Interest ans
Dividends are Payable
and Maturity

Liberty Nat Bank, N Y
$1.000 *2.500.000 4 & 5 g M Et S Sept 1 1941
Irving Nat Si Bk. N Y
5 g J & J July 1 1920
1,000 1.062,000
Fidelity Trust Co, Phil.
1923
May
1
N
&
31
3
600.000
600 &c
Bankers Trust Co. N 'V
6 g J & 3 July 1 1921
300.000
1.000
London, Mont & NY
Q-J Jan 1 1964
5
£& $ £1,225,000
of Montreal, Lond
Bank
1949
M&S 14
4
497,500
E100
Colonial Trust Co, Pittsb
6 g J & 3 Jan 1 1926
150,000
500
Ry
Ry at Canada
100 3,000,000 62.185, 100 held by Grand Trun k
American Trust Co, Bost
Q-F May 1 1920
4g
500 &c 10.732.000
& Co. New York
Blair
'15
14-Mch
Dec
Q-M
4H
31.000
1.000
Q-F Nov 1915-1916 Royal Trust Co,Montreal
4H
40,000
Montreal, Canada
Office,
'17
'15.Apr
Apr
0
&
A
434
67.000
1,000
New York
F & A Feb '15-Feb '21 Blair & Co.
5
735,000
1.000
Amer L & Tr Co. Boston
4 g A & 0 Oct 1 1950
100 &c
200,000
Co. N Y
Trust
Bankers
'21
May'15-May
N15
6 g SI &
162.000
1.000
do
do
5 g M & N May'15-May 22
750,000
1.000
N Y
Co.
Trust
Guaranty
4 g J & J July 1 1953
1,000 &c
800.000
Equitable Trust Co. N Y
4 g J & J Jan 1 1937
1.000 &c
250.000
N Y
Co.
Trust
Central
1946
1
Oct
1.000 2.720.000
5e A & 0
New York or Baltimore
1,000 2,380.000 2 to 5 3 & J Jan 1 1964
do
do
J & J Jan 1 1964
1,000 See text
Trust Co. N Y
Central
A & 0 Apr 1 1947
6g
600,000
1.000
Rich T & SD Co Rich. Va
5 g A & 0 Oct 1 1932
70.000
1.000

1,000
1.000 Sao

50.000
230.000
1.000,000

6
5
4¢

J
J
J

& J July 15 1916
&J15 July 15 1920
& .1 Jan 1 1957

5 g .1 & J July 1 1923
1.000 1.000.000
100 62,792.600 See text See text June 30'14 1
6 g J & I) June 1 1922
142,000
600 &c
5 g 31 & N May 1 1939
1.000 29.858.000
4 g J & J Jan 1 1989
1.000 7.000.000
5 g J & J July 1 1940
650.000
1.000
5 ¢ II & S Mch 1 1941
400.000
1.000
434 g11 & S Mch 1 1992
1.000 48.129.000
4 et F & A Feb 1 1945
539.000
1.000

ANNUAL REPORT.-The report for 1913-14 PM In V. 99, p.887.
Earnings from43 811.855,64 $10.902,9772
211,591,1.
Merchandise
9,262,968 10.081.937 8.644,235
Coal
5.476.116
5.599,654
5.651,091
Passengers
866.771
867,113
868.662
Mall. express. eso
Total operating revenue
Net earnings
Other income

$27,372,315 $28,405.757 325.890.094
69,589,270 $12,000.896 310,533,014
2,210,221
2.194,236
3,007,750

Total net income
Interest on debt
Rentals paid
Taxes
Renewal funds. &c
Dividends (12%)

$12,597.020 $14.195.132 312.743.235
$2,619,373 $2,508,267 $2.650,920
2,580.573
2,697.793
2,684,639
1.502,670
1.656.189
1,569,074
2.000,000
4.040.467
3.292.416
3,292,416 .3.292.416

$716,656
$2,431,518
Balance. surplus
Pres., W.G. Besler.-(V.98,p. 1392; V.99, p. 887,894.)
(Penn. RR.)
CENTRAL RR. OF PENNSYLVANIA.-Owns Bellefontemiles;
branch.
to Mill Hall, Pa. (Pa. Div. of N. Y. C. & H. R. RR.). 27.3
1912-13.
year
For
8.4 miles. Current liabilities June 30 1913, 3803.258.
gross. 375.290: net. 321.559; charges, 325.892; deficit. $4.333. Stock.
8600.000; Par. $50. Pres.. W.H. Gephart.-(V.88. p. 1312.)
S. 0., to
CENTRAL RR. OF SOUTH CAROLINA.-Owns from Lanes.Leased
to
Sumter. S. C.. 40.2 miles; spurs. &o.. 1.61 m.; total, 41.81 m.
$170.Stock.
taxes.
and
yearly
$31,000
rental.
RR.:
Line
Coast
Atlantic,
int..
$253:
expenses.
general
000; par. $50. In 1911-12, rental, $31,000:
118.000; diva.(7.4%). 112,580; balance. surplus. $166.-(V.64. P.887-)
from Midland on the
CENTRAL RV. OF CANADA-Projected to extend
to Montreal, 343n:111es.
eastern shore of Georgian Bay on the Great Lakes
Central Terminal
Montreal
with 95 m.of branches. V.98, p. 1315, 1592.
99, ro. 748.
Co. will provide entrance to Montreal. V. 98, p. 1845: V.$30,000
per m.)
to
limited
issue,
authorized
Of the new bonds(42,600,000
were
£1,225,000
bonds.
old
4500,000 have been offered in exchange for the
were applied for) and
offered in London in April 1914 (of which £400,000
Montreal.
and
Y.
N.
In
offer
for
reserved
were
the remaining £875.000
or
Redeemable at 105 on or after July 1 1920 or if paid on reorgnization
amalgamation or from land sales. Trustee, City Safe Deposit & Agency
747.
p.
99,
Co., Ltd., London. V.98, p. 1315; V.
It was hoped to pay all interest up to Jan. 1919 from the cash subsidle.s.
V. 98, p. 72. Capital stock authorized, $7.000,000; issued, $2,328,500
Pres., Hon. William Owens: Vice-Pres., C. N. Armstrong; Treas., Henry
W. Raphael: Sec.. J. Douglas Wells. Office, 103 St. Francis Xavier St.
Montreal.-(V. 98, p. 1315, 1692; V. 99, p. 747, 894.)
CENTRAL RV. OF SOUTH CAROLINA.-(V. 82. p. 927.)
CENTRAL VERMONT RV.-Operates from Rouse's Point, at north end
of Lake Champlain. to New London. Conn., with branches. 536 miles in all,
of which 160 miles leased, viz.: New London & Northern (see that co.). 121
miles; Montville Branch,3; West River RR.,36 m. V.68, p. 1076. In May
1914 received authority to lease for not over 999 years the Southern New
England Ry., building from Palmer, Mass., to Providence. V. 98, p. 1459.
SECURITIES. &o -The Grand Trunk By. holds $2,185,100 of the 13.000.000 stock. Form of Interest guaranty. V. 85, p. 283. For Central
Vermont Transportation guar. 5% bonds, see V. 88, p. 1252;Auer. bonds
covering 2 steamships. V. 94, p. 910. 1249. 1626, 1695; V. to, p. 749.
Gross, $698,057; net, $131,490
EARNINGS.-2 mos.,11914
Gross, 770,670; net, 104,830
July 1 to Aug. 31. 11913
REPORT -For year ending June 30 1913, V. 97, p. 1580.
Other Inc. Charges.Impts.,&c Balance.
Gross.
YearNet.
def.3259,258
1913-14---$4,500,111 $358,020 $217,235 $834.613
956 der 9,95.
1912-13-- 4.577.590
815.819
63.789
747.190
4,covered by rand
The deficit from operations in 1913-14, 3259,258. was
Trunk Ity. as per guaranty.
OFFICERS.-Chairman. E. J. Chamberlin; Pres.. E. 0. Smith' Clerk
and Treas.. W. H. Chalfee, St. Albans, Vt.-V. 99, p. 1213.
CHARLESTON (S. C.) TERMINAL CO.-ROAD.-Owns terminal road.
V.
V 77.
5.02 m.; 14 wharves, 30 warehouses. 4 cotton compresses.
ecc.JIB, and1
p. 48. 298. Stock, 1200,000, owned jointly by AU. Coast Line
Southern Rv.. which agree to make good any deficiency in interest on bonds.
EARNINGS.-For year ending June 30 1914, gross, $116,140; net,
$26,700; other income, $20368. In 1912-13. gross. $104,905; net, income,
$22,324; int, and taxes, $50,300; bal., def., $27,976.-(V. 77. D. 146.)
station at
CHARLESTON UNION STATION CO.-Owns passenger
By., which each
Charleston. S. C.. used by Atlantic Coast Line and Southernby
endorsement.
owns one-half the stock and guarantees the bonds, p. & I..
Rental covers interest on bonds and 4% on stock. V. 84, D. 50.
-Port Royal. S. C.. via
CHARLESTON & WESTERN CAROLINA RV.
branches to Anderson and
Augusta. Ga.. to Spartanburg. S. C.. 245 m.:in.
Entire stock.owned by
Greenville, S. C.,94 m.;leased, 2 m.; total, 340
AU. Coast Line Co. V. 66, p. 38, 335.
Ry. V. 66, p. 383.
Term.
Augusta
See
STOCK.-$1,200,000: par.$100.
(310.000,000 authorBONDS.-Of the let consol. 50-yr. bonds of 1914 bonds have interest
income
the
retire
to
ized issue),$2,380.000 Issued
3, 4% for the
payable at 2% yearly for the first 2 years, 3% for the next
to bear interest at
next 5 and thereafter 5%. Of the remaining bondshumble
from time to
are
not less than the So. Carolina rate), $2,720,000
Terminal 6s
time to retire the old 1st 54. $600,000 to take up the Augusta
p. 1315.
98,
V.
equipment.
or
nts
and 34.300,000 extensionsbetterme
$35,335
net,
Gross, $289,084;
EARNINGS.-2 mos.,.1914
Gross. 301,697; net, 54,705
1913
July 1 to Aug. 31.
net.
$2,095,812;
gross,
1914,
REPORT.-For year ending June 30
other income,
$495,345. In 1912-13, gross, $1,895.999; net, $423,405;
charges.
other
and
rentals
$63,270;
$30.358; int. on bonds,$172,000; taxes.
$40,689: addns. and impts.. $177.805; bal.. sur., none. Prest. J.B.Cleveland,
Spartanburg, S. C.; Sec., R. D. Cronly, Petersburg, Va.-(V. 98,P. 1315),




[VOL. xcix.

RAILWAY STOCKS AND BONDS

State Trust Co, Boston
Amer Trust Co, Boston
J. P. Morgan & Co. NY
In default
Office, 71 Broadway. NY
6 P Morgan & Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do

CHARLOTTE MONROE & COLUMBIA RR.-See page 142.
CHATEAUCAV & LAKE PLACID RV.-(See Map Del. & Hudson.)Operates from Plattsburg. N. Y.. to Lake Placid,80 miles, of which Platteburg to Dannemora. 16 m., is leased at nominal rental from State of N. Y.
Stook. S3,450.000, of which $3,000.000 Is 4% pref., the latter all owned
by D. & H. V.84. p.50 Leased to the Delaware & Hudson until Dec.31
2403, any balance over expenses of operation, interest, taxes, maintenance,
damages, dividend on pret. stack, Etc., to go to the lessor. The lease is
subject to revision at 5-year Intervals.-(V.81. D. 613; V. 84, D. 50. 930.)
CHATTAHOOCHEE & GULF RR.-Columbia, Ala.. to Floralia. 92 m.
1900 In perpetuity to Cent. of Georgia By.for 6% on
LEASE.-Leased
$436,400 stock and $407,000 bonds (of which only $272,000 outstanding
Juls,1 1914), of which I% 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. 93, p. 1599: V. 95, p. 1607).
CHATTAHOOCHEE VALLEY R 11.-Standing Rock, Ga.. via W. Point.
to Jester. Ala., 32.5 m. Stook auth.. 31.000.000; issued, $110.000: oar.
$100. Bonds, see table above. Year 1913-14, gross, $102.517; net after
taxes. $33,041; charges, $14,500; bal.. sur.. $18.541.
CHATTANOOGA STATION CO.-Owns union passenger station opened
Dec. 1 1909 and approaches at Chattanooga. Tenn., used by the Southern
Ry.. Central of Georgia, Alabama Great Southern and Cin. N.0. & Texas
Pacific), which each owns one-fourth of the stock and guarantees the bonds
jointly and severally. p. & L. by endorsement. Rental covers bond interest
and 4% on stock.-(V. 84. p. 50.)
CHESAPEAKE & OHIO RY.-(See Map.)-On June 30 1914 operated:
Miles. Controlled by stockLines owned infee2
Ft.Monroe.Va.,toCovington,Ky. 663 Bridge--Covington-Cincinnati _
Ches. & Ohio Ry. of Indiana__ 261
Richmond via Lynchburg. to
230
Clifton Forge, Va
Lines leased38
Branches In Va. and W. Va.-- 651 Sundry branches leased
84
Denton. Ky.. to Lexington__
103 Trackage to Louisville
Trackage to Washington. D.0_ 85
Big Sandy Jot. to Elkhorn City.
55
with branch
128 Other trackage
Branches in Kentucky
76
2,376
Total of all
Second track (477 owned) 575 miles. Also controls flocking Valley.
350m.;also owns one-sixth int. in Richmond-Washington Co.
A line Is to be built under the charter of the C.& 0. Northern RR.,incorporated in May 1914 from a point near South Portsmouth, Ky., to
Columbus,0.,93 m.,to connect with Hock. Val, Ry. V. 98, p. 1536, 1692.
HISTORY. &C.-In 1888 reorganized without foreclosure. In 1909 a
syndicate headed by Edwin Hawley (now deceased) acquired about $24,000.000 stock, or virtual control. V. 88, p. 294. Owns 68.825,800 of
$11,000,000 Hocking Val. coin. stock. Ches. & Ohio By. of Indiana, entire
$5,750,000 stock and 56,589,000 bonds are pledged under the FirstLien
and Improvement mortgage. See below. V. 90, p. 1675; V. 91, p. 93,
214, 802.
The lower Federal Court on Mar.14 1914 entered a decree holding the
joint ownership with the Lake Shore of the Kanawha & Michigan (each
holding $4,029,200 of the 39.000,000 stock) to be in violation of the AntiTrust law. The stock has been sold to the Toledo & Ohio Central Ry. as of
June 1 1914 at par with int. from that date, 82,000,000 to be paid in cash
by
and remainder in Tol. & Ohio Central note due Sept. 11915, guaranteed
Lake Shore & Mich.Southern Ry.and fully secured. The equity in Sunday
Creek.Co. is to be disposed of by Nov.4 1914. V.96,p.62, 134; V.97, P.
1425; V. 98, p. 911, 1536, V. 99, p. 1066, 1055.
STOOK.-Authorized stook was Increased to 1100.000.000 April 28 1910.
of which 537,200.000 was reserved for conversion of 434s. See BONDS.
3%:1910.
DIVIDENDS.-1899 to 1908. both Mel., I.% yearly: In 1909.each;
%;1911 and 1912.5% (Q.-M.): 1913. Mar.and June, 11d % 1421.Sept.
In
1156,
p.
96,
V.
520;
p.
97,
V.
quer.
1%
1914,
June
to
1913
Aug. 1914 consideration of dividends was deferred until Nov. V.99,p.537.
P.
89.
V.
147;
p.
49.
V.
In
1939
consol.
of
mtge.
of
BONDS.-Abstract
in V. 51. p. 144.
1588; V. 92. p. 260; of Richmond & Allegheny mtges.,
The general mort,cpe of 1802 (Central Trust Co. and H. T. Wickham.
trustees) is for 370,111.000. but additional amounts at $25,000 per mile may
V. 54. P.
be Issued for double-tracking. See full abstract of mortgage In bonds.
644. In July 1914 131,131,000 was reserved to retire underlying
General funding and imp. mort., V. 87. p. 1663; V.88,p. 157.
Of the authorized $37.200.000 convertible gold bonds of 1910.$31,390,000
were issued in that year. They are redeemable after 1915 at l034.
and convertible at par, at the option of the holner. Into stock between
May 1 1911 and Feb. 1 1920. The mortgage of 1911, as to lines owned in
1910, secures equally,the new 5s and convertible 434s. V. 90, p. 771, 848;
V. 91, p. 870,945, 1159, 1574.
The "first lien and improvement" mortgage of 1911 is limited to $125,000,000 bonds, bearing interest at rates not to exceed 5%, to provide for
extensions and impts. and the retirement of certain equipment and other
obligations, including the 511,000,000 "general funding and improvement"
bonds, and for other corporate purposes. In May 1914 it was (1) a first
lien on (a) $8.825,000 capital stock of Hocking Valley By. Co. out of $11,000,000 issued; (b) 34.026,500 capital stock of Kanawha & Michigan By.
Co. out of $9,000,000 issued; (c) through deposit of all stock or bonds, on
line of Ches. & Ohio By. of Ind. between Cincinnati and Chicago. 261 m.;
(d) on Logan & Southern By., a coal branch in West Va., 8 miles, and on
30 miles of branch lines to coal mines in Guyandot Valley section of W.Va.;
(e) on equip. purchased during last 4 years. costingnearly $10,000.000:
(r) 37,302,000 general funding & impt. 5% bonds due Jan. 1 1929, balance
of $11,000.000 auth., $3,698,000 being outstanding. (2) A subordinate
lien, subject to prior liens, on all other lines of the company, in respect to
which lines, as owned on April 28 1910, the convertible bonds due Feb. 1
1930 have a lien on a parity with First Lien & Impt. Mtge. bonds. V. 92.
p. 880; V. 98, p. 762. Entire $37,123,000 issued is pledged under notes.
The 5-year 5% secured gold notes 440,000,000 auth.), of which $33,000,000 have been sold, are secured by $37,123,000 First Lien & 'rapt. 5s

OCT.. 1914,]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, vte. see notes on first page)

Mites Date
Road Bonds

Amount
Outstanding
1.000 52.879.000
5500 ecc
5200.000
1,000 1.821.000
1.000 4.756.00(1
1.000
600.000
1,000
900,000
1.000
885.000
1.000 &c 3,698.000
1.000 he 31.390.000
1 - ._ __ See text
.000 &c 33.000.000
Par
Value

29

Rate
%

When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable
4 g J & D June 1 1945
Ches.& Oh io-(Cenci.) Coal River 1st M gass'd.Ce.xe 8614 1905
P Morgan & Co. N Y
J
___ 1901
5 g A & 0 Oct 1 1915
Kineon Coal mtge assumed red since Oct 1905 ___z
Cent Tr & 3 Dep Co Cin 0
101 1900
4 g II & N Nov 1 1940
Greenbrier Fly let M 53.000,000 g assumed_ _Emxo•
J P Morgan & Co, N Y
__Ce.xe•
86
1904
gold_
4 g J & D June 1 1944
Big Sandy Ry first mtge $5,000.000
do
do
20 1906
4 g J & J July 1 1946
Potts Cr Br 1st:a $1,000.000 auth(V 83.p 61)3)Ce.x0
do
do
35 1907
x
Virginia Air Line 1st M $900.000 g assumed
SC Ni & N May 1 1959
71 13roadway, N Y
Raleigh & seathw lot ej e1,500,000 g assumed_Cex 3534 1906
4 g J & J July 1 1936
J P Morgan & Co. N V
5 g J & .1 Jan 1 1929
Gen td & imp M $11,000,000 red 10734 -Usm.xc"&r• 1,,,48 1909
do
do
.__ 1910
434 g F & A Feb 1 1930
Convert g bonds $37.200.000 red text Usm.xc•&r•
Office, 71 B'way,N Y
authorized_
___
_x
1911
_
5
First lien & Impt mtge $125.000,000
Dec. 11030
--- 1914
F Yes
5 g J & D June 1 1919
Secured gold notes $40,000,000 red text
Guaranteed bonds--- 1888
1.000
820.000
4g
A & 0 Oct 1 1938
Elevator Co 1st mtge gold prin & lot guar-Ce.zo•
J P Morgan & Co. N Y
-__ 1888
1,000
86.500
4
Oct 1 Oct 1 1988
2d M Inc n-c(C&O owns $364,000) not guar_zcs
do
do
-__ 1895
1.000 a4,500.000
4g
M & S Mch 1 1945
Louis & Jeff lidg lot 1455.000.000 gu p & I end__c•
do
do
-__ 1898
1.000
500.000
5
F & A Feb 1 1948
Norfolk Ter & Trans 1st II (V 67. p 322) gu p & I.x
do
do
1905
-__x
1,000
995)
84.
p
750.000
(V
1st
M
434 F & A Aug 1 1945
Western Pocahontas Corp
do
do
Extension No l_x
-__ 1906
1.000
83,000
do
do
434 F & A Aug 1 1945
do
do
do
Extension No 2_x
.__ 1906
1.000
51,000
do
do
434 A & 0 Oct 1 1946
do
do
do
-------1903
interest)
1.000
&c,
(one-sixth
10.000.000
4 ¢ J & D June 1 1943
Richmond-Washington Co
New York Trust Co. N V
262 1910
M$30,000.000 red par___Bax
1.000 11,700.000
5
J & .1 July 1 1930
Zhes & 0 Ry of Ind-1st
Office, 71 B'way, N Y
June 30 1913
---------------76.176 4 & 6
Varlous
Ch C & L mIsc equip contracts to 1st
gold
M
27
1896
N
RR
500
&e
666,000
5 g F & A Aug 1 1945
Chesapeake Western-C & W
New York Trust Co. N V
41 1901
1,000 1.419.000
Chesapeake Western Ry intge $1.435.000 g. _Eq.o•
4g
A & 0 Oct 1 1951
See text
36 1905
1,000
186.000
5g
Chesterfield & Lancaster-1st Si $750,000 g__Col.xo•
F & A Aug 1 1955
Columbia
Trust Co, NIt
Ry
4
50
195,650
Chestnut Hill RR-Stock rental P & R
6
Q-M
4 1914, 1 34 Treasurer's office. Phil!
100 19.542,800 See text. F & A Sept
Chicago & Alton RR-Common stock
Feb 15 '10. 2% Checks mailed
100 19.544,000 See text. J & J Jan
Preferred stock 4% non-cumulative
16
do
___ __ __
100
879,300 4 in 1912 J & J Jan 15 1911,2%
4% cumulative participating and prior lien stook
'12.
889 1899 1,000 &c 45.350.000
Chic & Alton RR (old) ref M g (see text) IC.xe•der*
3 g A & 0 Oct 1 1949 2% First do
National Bank.N V
call
at
to
subject
943
par_F.xodor.
1900
1.000
(old
II
Ry)
&c 22,000.000
First lien
334 g 3 & .1 July'l 1950
do
do
___ 1907 -------1,175.000
Debentures, subject to call
Cex f Equally
5
J & D June 1 1922
60 Wall Street New Vert
_ __ 1912
M -- 11,880.000
Gen M $20,000,000 g red text_ Usmxe•&r•1 secured
fig J & J July 1 1932
New York
.
___ 1905
Box
1.000
0 & A Eq Assn otfs Ser Cg gu 698,000 s-a
196.000
4 if M 4 N To Nov 1915
Trust Co, N Y
-__ 1906
Ser D g gu due $113,000 s-a_Bax
1.000
do
do
452.000
4 g J & D Dec '14-J'ne '16 Bankers
do
do
do Trust $82.000 Ser E due s-a
--- 1908
Bax
1.000
656.000
434 g M & N May'15-Nov'18
do
do
x
1909
1,000
do Trust Ser F due 1311 or 12M s-a
112,000
434 F & A To Feb 1919
do
-__ 1910
1.000
do
Ser 0 gu red 101 due 572.000 an_ PeP.xo•
434.000
5 ¢ A & 0 To Oct 1 1920 Penn do
Co for Ins.&o.Phill
a Guaranteed jointly and severally with Cleveland Cineln nati Chicago & St Louts.
taken at 8734. Redeemable in whole or part on any int. day at 101 to
June 1 1916 and thereafter at par. Remaining 57.000,000 notes cannot
be sold before July 1 1 1915 without consent of purchasers. As long as
any of these notes are outstanding. no First Lien and Impt. 5s shall be issued, except such as are pledged under trust agreement, but, under restrictions, the company may sell the pledged bonds, the proceeds to be applied
to the redemption of notes. Out of the net income earned after April 1
1914, $2,000,000 for year ending June 30 1915. 53,000,000 for year
1915-16 and $4,000,000 for each of the 3following years are to be used solely
for capital expenditures, including payments and discounts upon equipment trusts; If such payments are not made quarterly, no dividend shall
be paid on the stock until overdue payments have been met. No dividends
on the stock unless the net income after April 1 1914 shall be in excess of
all matured installments of said fund and of the dividends paid. V. 98.
It• 762, 838, 911.
Louisville et Jeffersonville Bridge.-See separate statement for that co.
Of the Greenbrier Ry. 4s of 1900. guaranteed prin. and Int., and assumed
In 1903-04. 51.000.000 are reserved for extensions and improvements. See
guaranty, V. 72, p. 626; see also V. 71. p. 554. 602; V. 79. p. 915.
Big Sandy 48 of 1904. V. 79, p. 917; V. 82, p. 297; V. 87, p. 225, 414.
1418. Guaranty. V. 81, p. 668.
Coal River 4s, Y. 80. p. 2219: V.83. p. 693; V.89. p. 720: V.98. p.452.
Paint Creek Br. 4s 5211.000 reserved for extensIons. V.81. p. 974. 910.
Raleioh rt Southwestern 45. V. 84. p. 1114: V. 89. D. 720.
Elk Horn cet Beaver Valley.RE., a subsidiary, has made a mortgage to the
Central Trust Co. of N. Y., as trustee, to secure an issue of $3,000,000 1st
30-year gold 5s, duo May 1 1944. but redeemable at 105; int. M. & N.;
denomination 51,000. If sold by the C.& 0., the bonds will be guaranteed
by it, prim and int. V. 99, p. 119.
Car Trust 4% (except series"N"430) Gold (Denomination $1,000 each).
Outstanding.
Serifs. Date.
Mature in Installments.
"F" 1904 last instailm't_x- $35,000
December 1914
535,000 s.a.
"0" 1905 last installm't_x_
90,000
April 1915
90,000 s.a.
"H" 1906
x 240,000 Apr. 1915-April 1916
80,000 s.a.
"I" 1906
x 200,000 Dec. 1914-Juno 1916
50,000 s.a.
"J" 1906
x 380,000 Feb. 1915-Aug. 1916
95,000 s.a.
"K" 1906
x 320,000 Apr. 15 '15-Oct.'16
80.000 s.a.
"L" 1907
x 560,000 Jan. 1915-Jan. 1917 112,000 s.a.
"M" 1907
x 565,000 Feb. 1915-Feb. 1917 113,000 s.a.
"N" 1914
1,700,000 Dec. 15'14-June 15'24 85,000 s.a.
M.R. Co. 1905
x
44,000 To May 1 1915
H.B.C.Co
38,088 May 1915-May 1916
x
12,696 s.a.
G. E. Co. 1913-14
26,200 To Feb. 1 1916
S. L. C. Co 1913
3,059,147 To Sept. 15 19113
C. L. & C. Wks. 1914
95,250 To Dec. 15 1917
A. L. Co. 1914
446,970 Oct. 1 1917
C.& 0.Eq. Corp. guar_ _ _ .9,782,000 All owned.
Interest paid semi-annually as indicated
maturity date: "C,""E" and
"F" at office of Blair & Co. N. Y "D."by
"G" and
"at Fidelity Trust
Co., Phila.; "I," "J.""L" and "M" at Blair
&
"K" at Guar. Tr.Co.
"N"at Commercial Tr.Co.. Phila.;"M.R.Co."Co.;
at St. Louis Union Tr.Co.
FINANCES.-In June 1910 dividend rate was increased from
4% to 5%
and again reduced in Sept. 1913 to 4%.
In
1911 div. of Hocking
Valley Ry, was raised to 7% and in Sept. 1913Dec.
to
8%,
but
in
Sept.
1914
the payment was omitted. V. 99, p. 816. As to notes and new $125,000,000 bond issue of 1911, see BONDS above.
March and April
In
1914 sold $33,000,000 5-year 5% secured gold notes to pay 528,500,000
notes duo Juno 1 1914 and for other purposes. V. 98, p. 762, 838. 911.
EARNINGS.-For 2 months ending Aug. 31:
Two Mos.Gross.
Net.
0th. Inc. Charges. Bal.. Sur.
1914
116,783,155 $2,091,519 $35,457 $1,576,823 $558,153
6,237,357
1913
2,065,943 133,758
1,476,643
723,058
ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held
at Richmond on the Tuesday preceding the last Tuesday In October. Report for 1913-14 was given at length in V. 99,p.1046. 1066; edit.. p. 1015.
Year ending June 301913-14.
1912-13.
1911-12.
Average miles operated
2,346
2,319
2.263
Passenger earnings
$6,098,059 55.858,138 $5,505,536
Freight
28,866,516 27.549.696 27.261.475
Express, mail and miscellaneous
1.725,446
1,677.444
1,522.859
Total earnings
$36,690,021 $35,085.278 534,289,870
Operating expenses
25,653,937 24,451.560 22,635,681
Net earnings
Other income
Total net income
Interest on bonds,rentals,&c
Taxes
Dividends

$11,036,084 810,633,718 811,654,189
2,154,531
2.225,537
1.806,563
$13,190,615 $12,859,255 513,462,752
8,887,865 $8.184,888 $8.174,326
1,330,935
1.375,863
1.014,220
(4)2,511,264 (5)3.139,080(5)3.139.627

Balance, surplus
$460,552
5159.423 $1.134,579
OFFICERS.-Chairman, Prank Trumbull; Pres., George W. Stevens,
Richmond, Va.; 1st V.-P., Decatur Axtell; V.-P. and Gen. Counsel, H. T.
Wickham; V.-P. in charge of traffic, F. M. Whitaker; V.-P., M. J. Caples;
Soc., Carl Remington; Treas., Jas. Steuart MacKie; Comp., L. F. Sullivan.
Directors -Frank Trumbull, chairman;'P. 1'. Sheets, H. E. Huntington,
C. E. Graham, Decatur Axtell, George W. Stevens, F. H. Rawson. F. II.
Davis, James II. Dooley. N. Y. office, 71 13'way.-(V. 98, P. 1692; 1766;
V. 99, p. 118, 537. 1046, 1051, 1066, 1213.)
ZHESAPEAKE & OHIO R V. OF I N DI ANA.-Owns Cincinnati, Ohio, to
Indiana-IIIInols State line, 260.7 miles; trackage rights, 23.7 m.: total oper.,
284.4 miles. See Ches. & Ohio Ry. above.-(V. 97, p. 49; V. 99, p. 47.)
CHESAPEAKE WESTERN R Y.-Owns North River Gap. Va., to
Bridgewater. 14 m.: leases for 99 years from May 1 1902 Chesapeake &
Western RR., Bridgewater to Elkton, 27 m.; total, 41 m. In 1908 all the
stock and bonds were acquired by W. E. D. Stokes. V. 86, p. 1041.




Stock authorized, $10,000.000 outstanding,
$1,419,600; of which $608.100 is pref. Ches. &
West. RR has $533.500 common and
527.600 pref.
stock outstanding. C. W. Ry.
mtge. 01 1901. V. 73. p. 899. 1356. Year
ending June 30 1913(41 miles). gross,
net,$23,631; other income.
533.827: int, on bonds $56.760 (not582.256;
paid); taxes, rentals, &c., $45,148:
bal., def.. 44.450. Pres., W. E. D. Stokes,
The Ansonia, N. Y.; Sec. &
Treas., L. S. Petrie.-(V.78,p. 2383;
V.86,p.980. 1041. 1284.)
CHESTERFIELD & LANCASTER RR.-Owns
Cheraw, S. C., to Pageland and Crowburk. 38 in. Bonds (limited
to $750.000) Issuable at $5.000
per mile. V. 81,_p. 1790. There were
outstanding June 30 1913 567.000
2d es due Jan. 17 1918. Stock, $500,000.
a majority being acquired in
June 1909 by the Seaboard Air Line Ry
par. $25. For year ending June
30 1913. gross, $67.105; net. $26.271;
charges,
$23,762; bal., eurp.. $2,509.
Pres., W. J. Harahan; Treas., R. L. Nutt.-(V,
89. P. 40.)
CHESTNUT HILL RR.-Owns from Germantown to
Chestnut Hill. Pa.,
tn.; being double-tracked May 1902,
In 1896 to Phila. & Read.
Ry., the rental being reduced from 12% Re-leased
to 6% on stock, the latter being increased In June 1902 from $120.650 to $195.650.-(V.
75. p. 76.)
CHICAGO & ALTON RR.-(See Map Toledo St. Louis
& Western,)ROAD -Chicago to St. Louis, Kansas
City. &c.. In all 998 miles.
Road ownedMiles.
Road ownedMiles.
Ehlaago to East St. Louis, Ill__ _280 Mexico,
Mo..
to
Cedar City, Mo__ 50
Sherman. Ill., to Grove. Ill
51 Roodhouse. III.. to Kan. C.. Mo__251
Eldred to Barnett
55 Bloomington to Warm. via JackCoal City Line, Ind
27
sonville, Godfrey and Upper
Dwight. Ill., to Washington and
Alton (all in Illinois)
158
Lacon, Ill
Si Trackage to Peoria.
&c
17
flee to Murrayville. III
34 Leases Rutland Toluca & North- 27
Total owned and operated July 1 1913 (193 m. double tracked)
Also operates, jointly with Clev. Cin. Ch. & St. L.. from Warm to Lon
East
St. Louis, 18 m..and. with Atch. T.& S. Fe, from Joliet to
Pequot. 20 in.
The stock of the Peoria Ry. Terminal Co. is owned by the Chicago
&
Alton
and Chlo. R. I. & Pao. Ry., which guarantee the first mtge. bonds
($1.500.000 auth. issue) and 1st & ref. M. bonds. V. 81, p. 1099; V. 83.
p.752.
1171. 1291; V. 84. p. 451; V. 85. p. 159.
The Rutland Toluca & Northern RR. is leased for 999 years and its bonds
guaranteed prin. and int. V. 91, P. 1024; V. 93, p. 408.
ORGANIZATION.-The (old) railway company was organized In April
1900 and purchased substantially all the stock of the Chic. & Alton
The two were consolidated in 1906 per plan V. 82. jo. 451, the Railroad.
Railway
changing Its name to the C. & A.Railroad. V.82. p. 160: V.70. p.686, eie
In July 1914 arranged to use Union Station Co. of Chicago's facilities when
completed. V. 98, p. 195.
STOCK.-The cumulative 4% participating and prior lien stock is entitled. In addition to prior right to accumulative dividends at the rate of 4%
per annum, to receive additional dividends equal to the rate of dividends
declared on the common stock of the consolidated company. In Aug. 1907
the Toledo St. Louis & Western purchased from the Rock Island the coytrolling interest, viz., $14,420,000 corn. and 56,380.000 pref. stock, and
deposited the same under its collateral trust bonds,on which interest was
defaulted Aug. 1 1914. V.88,p.468.529.792; V.99,p.341,408, 1051.N
.0
1.2
n1e6.
Union Pac. owns $10,343,100 pref. stk. V. 84, p. 1484; V. 95, p. 361.
DIVIDENDS.'09.
'10.
'08.
'11. '12. Oct. 1914.
'06. '07.
Common stock
1
4 2 -None sincePreferred stock
2 None
2 4 4 4 4
None
Prior lien participating prof
2 4
5 8 6 4
2
BONDS.-First lien (old Ry.) 3 Ses of 1900, V. 71, p'. 1021: V.82, p.451.
The Railroad (old) mtge.securing the 3s of 1899 will provide funds for
Improvements and extensions. Bonds in excess of $40,000,000
issuable thereunder on vote of two-thirds of stockholders for were to be
of
not over 500 miles main track, at not exceeding $20,000 per extensions
mile, to fund
leased line rental obligatlons and for future betterments not
15.000.000, at not over $1,000,000 per annum. from Jan. 1 1900.to exceed
In July
1913 $45,350,000 were outstanding. V. 69. p. 178: V. 60.,p.
26, 129, 541,
V.70, p. 429, 739,995: V. 79, p. 211,967; V.84.
p. 480.50.626. 803,809:
V. 88. p. 99, 293.
Of the issue of $20,000,000 of 6% gen. M. gold bonds. $1
1.880.000 were
outstanding June 30 1913, 55,940.000 being owned
by
RR. In Aug. 1913 $861.000, in Nov. 1913 5823.000. inthe Union Pacific
Mar.
1914 $999,000, in June 1914 $585,000 and in Sept. 1914 $319,000
were
to be issued for improvements. V.97, p. 442. 1662,
1821: V.99.authorized
13.47,894.
Of the bonds. $4.100,000 were reserved to retire
obligations and 31.425.000 to refund $1,284,000 $3,766,500 equip. trust
debentures due June
1922. Bonds are redeemable on any interest day after
1
Jan. 1 1915 at105.
V. 94, p. 1565, 1695; V. 95,749; V. 96, p. 789;
V. 98. p. 838.1315.
LATEST EARNINGS.- 1913-14_ _Gross,
12 mos.. July 1 to June 30. 1912-13_ _Gross,$14,156.231; net. $2.168,331
15,254.864; net, 2,414.792
REPORT.-For year ending June 3011991123
4
p.
2319-. 1910-11.
Gross earnings
$15.254,864 $14,535.722
Operating expenses
12,840.072 10,885,200 $14,592,519
10.446.636
Net earnings
$2.414,792 $3,650,522
Net income
$4,145483
$2.784,837
53.616.785 $4.139,987
Hire of equipment,rental. &c
1.037.587
516.862
Taxes
698;00
486.761
461.656
Interest on bonds,&c
422.604
2,773.735
Dividends on guaranteed stocks __ _
2,625.009
2.537.224
250,024
250.024
Discounts on securities written off_
247.774
119.025
Dividends on prior lien stock
66.953
67.411
Dividends on preferred stock
(4%)35.172 (2%)17.586
(2%)390.880
Balance, deficit
$1,883,290
5338.893
DIRECTORS.-Pres.. W. G. 131erd:
$250.992
Chairman
R. S. Lovett; V.-P. & Treas.,
Kruttsc
F. It, Davis; Sec.,
ExecutivenCiom5410m5i1t
hnittee
t
ie:
Jam
J. J. Mitchell, Joy Morton, Edward
Tilde
.n
-(V. Wm. .0.pHe
eille
Louis J. Spence and Julius
S
f
.
teStivar
l
mtrl
98,

3v.as

.11•10111•1•MAIMRP201111..11110•12C

MAP OF THE

4.)'/X',/r,•

CHESAPEAKE & OHIO
RAILWAY
Mauch.
LINES
hunk
INDICATES DOUBLE TRACK

Kalikak
0 S Anne

Pt.C1 nto

'She don
.zsnnta,
okomo

hh

tte
Frank for

SGN011 CENV SNDOIS .A.VAVIIVII

L fa

An
Westfield

Columbus

Clarksb
Weston
Buckha

BALT

n

Rebell

tines

MES
sou•
ceton
vansvill

0

t.

Lebanon

Soho




sburg

OZ44.
8

GlasgowPineville
•Jelli2o

Scottsville
Gtglatin

Rogersvi

Edento
Durbam
Carey

'
I
. --

N Sparta E

,o
.
-

altring City

Maryville

• Ciea
Asheville

Sanford

Gaatoiito
Cleveland •

Charlotte

Fa etteville

oldsboro

OCT., 1914.)

RAILWAY STOCKS AND BONDS

31

RAILROAD COMPANIES
Mass Date
Par
Amount
Rate
When
Last Dividend Plates Where Interest sold
(For abbreviations, &c., see notes on first Page1
Road Bonds Value Outstanding
%
Payable
and Maturity
Dividends are Payable
Chicago & Alton (Concluded)Kansas City St Louis & C preferred stook guar__ _
162 ___$100 51.750.000
6
0-F Nov 1 1914
Joliet & Chicago 7% stock perpetual guar by C de-A
Checks mailed
37 ---100 1.500.000
7
Q-J Oct 5 1914
Louisiana & Missouri guaranteed preferred stock__
do
do
101 ____
100
329,00(1
7
F
& A Aug 1 1914
Rutland Tot & No 1st M g gu red beg Oct'15-NCc•
do
do
27 1910
100 &c
225,000
4
g
A
&
0
Chicago Burlington dc Quincy-Stock
Northern Tr Co. Chicago
100 110.839.100 Sin 1913 Q-M 25 Oct 1 1930
Gen mtge 3300,000.000 lawful moneyCe.zo•dcr• 8.599
Sept251914 2% N Y. Boston & Chicago
. 1968 1 000 eco 63,247.000
4 • M & S Mch 1 1958
Illinois Div first mortgagel$85.000.11011 currency - 11.648 11899 1,000dec
Bank of Commerce. N Y
50.451.000
334 J & J July 1 1949
(V.83, p. 625; V.69, p. 283)1 redeem at 105__Nliz 1
do
do
11899 1.000 &c 33.976.000
4
J & J July 1 1949
Sinking fund Iowa Div 5s (coil trust) drawn at 105z
do
de
891 1879
1,000 2.082.000
5
A
&
0
Sinking fund Iowa dlv. 4s drawn at 100
Oct
1 1919
do
soder
do
891 1879
1.000 5.355,000
4
A & 0 Oct 1 1919
Sinking fund 45 (So W Div) drawn at 100_ _ _zc*der
Bank of Corn N Y,• & Hos
--_ 1881
1,000
395.000
4
M & S Sept 1 1921
Denver eaten (coll tr) bonds s f drawn at 100.NBec•
do
do
370 1881
100 &c, 1.686.300
4
F & A Feb 1 1922
aNebraska ext $20,000 p m (a f not drawn)Waco&r 1.471 1887 1.000 &c 21,891.00
do
do
0
Id & N May 1 1927
all & Mo RR in NeblLand gr s f drawn 100-- NBz 1 --- 1'1878 600 &c 2.499.400 1 4
do
do
6
.1
&
J
July
1
1918
1908_
aCons If 314.000.0001
_z
Bank of Commerce. Bost
/
do drawn since
11878 600 &e
1 6
J & J July 1 1918
Nod & Tar Val RIts 1st mtgs if (drawn at par)_xe•
do
59 1880
do
1.000
47.000
7
J & D June 1 1920
Second Nat Bank,Bostor
aRep Val 1st M guar (red at par) s f $14,000 yrly _zc
90 1879 600 &o
93.600
6
J
&
J
July
1
1919
Bank of Commerce. Bost
Chic. & E III-Pref stk 6% non-cum (315.000.000)----------100 12.191,7006 in
1912
Q-J Apr 1 1913
Danville & Grape Creek RR-lst M assumed-. _zo•
Hanover Nat Bank. NY
9 1880
1.000
97,000
8
M & N May 1 1920 134 Central Trust Co. N
xo•
First mortgage extension
14 1881
Y
1,000
91.000
6
D Deo 1 1931
Consolidated mortgage (for S5.948.000) gold _Ce.zo*
Fourth Nat Bank, N Y
191 1884
1.000
2.736.000
6 g A & 0 Oct 1 1934
General corm' and 1st M 330.000.000-Ce.zo•&r
Central Trust Co, N Y
817 1887 1.000 &o 21.343.000
5
I&
&
N
Nov
Chit) & Ind Coal-1st M $25.000 p m assum_Mp.zo*
1
1937
176 1885
do
do
1.000 4.626.000
5
J & J Jan 1 1936
Evansville Terre Haute & Chicago income mortgage
July '14 coup not paid
--- 1881
1,000
4150,000
6
M & N May 1 1920
Receivers' certificates $6.000,000
Farmers' L & Tr Co. N Y
1914 1,000 &c 6.000.000
8
J
Refund & imp id (text) g red at 10234- -Ba.xo•&r•
&
J
July 1 1915
Equitable Trust Co,NY
817 1905 1.000 dos 18.019.000
4 g J & J July 1 1955
Pur mon lstMCoal bds $7,000,000g red textee.xc•&•
July '14 coup not paid
-- 1912 1.000 &c 5.167,000
5 g F & A Feb 1 1942
Evansv & T H 1st consolidated M gold
F.xo*
Central Trust Co, N It
144 1881
1.000 3,000.000
6
g
J
Mount Vernon Branch mortgage gold
&
.1 July 1 1921
F.xe
25 1883
Bankers
Trust Co, N Y
1,000
375,000
6 g A do 0 Apr 1 1923
Sullivan Co Coal Branch mortgage gold...Foto*
___ 1890
do
do
1.000
450,000
5 g A & 0 Apr 1 1930
First general mtge for $7,000.000 gold _F.xo•
199 1892
do
do
1.000 3.175.000
5
g
Refunding mortgage $1.284,000 red par
A
& 0 Apr 1 1942
Nx
__
1911
Bankers
Trust
50
Co
&c
1,284.000
5
Evansville & Ind 1st M gold guar
J & J July 1 1941
F xo•
New York
84 1884
1.000
647,000
Cone m (32,601000) g gu p del (end) E&TH F.xo*
6
g
J
&
J
July 1 1924
July '14 coup not paid
134 1886
1.000 1.853.000
6 g J & J Jan 1 1926
Evansville Belt Ry first mortgage gold
x
do
4 1910
do
1.000
142,000
5 g M & N Nov 1 1940
0 & El Equip bonds Ser C & D last installment_ _x
Columbia Trust Co,NY
--- 1905
1,000
68.000
434
do Series E due $125.000 s-a(V 81 p 1043)Bax
J To Jan 1 1915 Blair & Co. New York
-.
1905
1.000
250,000
434 g F &
a See option of exchange for general 31 4s. V. 88. p. 106 0, 1127. 1559;
Feb '15.Aug '15
do
do
V.89,9.40. I Mostly owned A
June 30 1914. $2.000
b y Erie Railroad . I Of which in treasury
CHICAGO BURLINGTON & QUINCY RR.-(See Map.)-ROAD.
Controlled and operatedorates a great system of roads extending from Chicago westerly, reach -Op.
OtherOtterC
hreeee
ek Jot. to Terre Haute__ 6
St. Ev. & Ind. RR.,Evansv. to
Paul and Minneapolis, Minn.;St. Louis and Kansas City, Mo.: Omaha ng
45
Haute via Worthington, Terre
Denver. Col.; Cheyenne. Wyo.; Black Hills. S. D., and Billings. Mont.Neb.;
&c_146
The
Other
Trackage. ac.accompanying map shows clearly the system. viz. (In miles):
Total
1914 _ - A.282
Pana. Ill.. to East St. Louis.... 85
Lines east of Missouri RIver____4.3881Lines leased
2c1and37track
267 Chicago to Dolton. Ch.& W.
k juir
210
Lines west of Missouri River-.4,347 Narrow-gauge lines
Ind_ 17
73
Also leases to other companie
s Rockville extension. 17 miles.
Total operated June 30 1913
9.128
HISTORY. LEASES, &o.-/n
In Deo. 1908 823,657.500 of the $31.000,000 Colorado & Southern core. acquired
August 1902 the St. Louis & San Fran.
the greater part of the stock,
stock (practically a controlling interest) was acquired. affording
as said below. In 1911 merged the
e & Terre Haute. Owns $1,000,00
tions with the Gulf of Mexico. V. 87. p. 1663; V. 88, p. 157. 685.connect. Evansvill
0 stock Chic. & Western Ind.
On
May
27
1913
William
Extension of 124 miles to the Powder River and Orin Jet., Wyo., WBS of
J. Jackson of Chicago and Edwin
W. Winter
New
York
were appointed receivers, there being
completed in Aug. 1914, enabling through service to be begun Nov. 11914
a floating debt of about
0. St. Louis & San Francisco
over the Hill lines between Seattle, Wash., and Galvston, Tex. V. 99, $5.000.00
is also in receiver's hands. In
June
1914
$6,000,00
0
receivers' certs. were authorized to retire $4,000.00
P. 673. Under construction, 30 miles, Scribner to Fromberg, Mont., and
0
one-year 6% receivers' certs. and
25 miles, Hudson to Greeley. Col.
$2,000,000 6% 6 months' certs. due
11914. V.99. p. 47. The interest
Will own jointly with the NashVille Chattanooga & St. Louis the Paducah July
due
July
1
1914
was
defaulted
on
Ref.
&
Impt.
4s.
Chic. & Ind. Coal Ss and Evansville
& Illinois RR., which will build a double-track lpridge over the Ohio River consol.
& Ind. 1st 6s and 1st
at Metropolis, Ill., and is constructing a line from Metropolis to Paducah. brought65. V. 98. p. 1919, 1992. In July 1914 foreclosure suit was
under Ref. & Impt. Mtge. V. 99,
Ky.. 12 miles, and will jointly guarantee the bonds, 86.000.000.
p. 119.
V.
99,
Committee for Ref. and Impt. Bonds and Equipmen
p. 341.
t Obligation
W.
ORGANIZATION, &c.-A consolidation in July 1875; since merged Platten (Chairman); Calvert Brewer, Sec.; U. S. Mtge. &s -John
Trust Co..
depositary. V. 96, p. 1555; V. 98, p. 999;
Chicago Burlington & Northern, Kansas City St. Joseph & Council
V. 99, p. 47.
Bluffs,
Committee for St. L. & S. F. Trust Certifs. for Corn.
Hannibal & St. Joseph, Burlington & Missouri, &c., &c.
and
Stocks and
In 1901 $107,613.500 of the 1110.839.100 stock was exchanged for the C. & E. I. Pref. Stock.-Alvin W. Krech (Chairma
Pref.R. Hunter,
Sec.• Equitable Trust Co..depositary. In 1914 n), Richard
joint 20-year 4% bonds of the Gt. Northern and Northern Pacific,
secured
certifs.
and stock representingover
by the deposit of the stock in trust, on the basis of $200 in bonds for
'
95%
of
the
corn.
and
over
90%
of
the
pref.
stock
3100 ted or was controlled
had been deposistock. See V. 72, p. 871; V. 73, p. 293, and bonds under Great Northern
. V. 96, p. 1628. 1700; V. 97. p. 175, 1425;
.
V. 98,
D/VS. 1 '98. '99 to Sept.'01. '02 to July '07. Oct.'07. '08 to Sept.'14. p. 1692.
Committee
Per cent' 534
for
Chic.
6 yearly.
& Ind. Coal 1st 5s.-James B. Mahon
7 Yearly.
8
8 y'ly (quar)
(Chairma
n).
BONDS.-In April 1909 the holders of bonas of various issues (marked Charles E. Sigler, Sec.; Central Trust Co., N. Y., depositary. V.
98, P.
1992; V. 99, p. 195. 269.
"a" above) were offered the option of exchange for general mortgage
4%
Committee for Evasnv. & Ind. Bonds.-Fredk. H. Shipman
bonds on certain terms. V. 88. p. 1060. 1127. 1559: V. 89.
p. 40 720, Edwin Gibbs,
(Chairman),
1141. The general mortgage bonds ($300,000.000 auth. issue, interest
not p. 119. 341. Sec.; Farmers'Loan & Trust Co.,N.Y.,depositary. V.99.
to exceed 5%)are a first lien on about 3,401 miles of road.and on retiremen
of the outstanding underlying bonds, for which bonds are reserved as belowt
STOCK.-Common stock outstanding was $7,217,800 (815.000
noted, will be a first lien on the entire mileage owned, aggregating 8,599 pref.,
$12,191,700. In addition. 86.408,300 corn. was held in per mile);
miles. The generals have been issued or are issuable as follows
trust by
Equitable Trust Co.in July 1914 as a part of"trust
(see
V.
assets" under agreement
86, p. 1342. 1466; V. 88. p. 504, 685; V. 92. p. 525; V. 96. p. 789.
dated July 1 1905,for improvements, acquisitions or
refunding
To retire outstanding bonds (incl. $17,428,300 in sink. fds.) -$177,000
.
V.
85. p.
,000 1001; V. 92, p. 1374. 1435; V. 93, p. 229, 588, 1393.
Issuable for reimbursing the treasury for outlays already made
The St. Louis & San Francisco RR. gave in exchange for
the corn. and
by it for betterments and additions (122.000,000 sold). __
pref.
stock
its
stock trust certifs. (entitled to dive, at rate of 10%, and 6%
45,000.000
tamable for additions, Improvements and betterments
per annum respectively; in default in 1914) at rate of
of and
to the mortgaged property (of which $13,724,0
$100 thereof for each
00 sold)__
78,000,000 $100 share. V. 75, p. 289. All of the $7.217.800 corn., and in June 1913
/n Jan. 1909 $20.000,000 general
were
4s
sold,
of which 113.724.000 were $8.402,500 of the $12,191,700 pref. then outstanding, was
used to purchase $23,657,000 Colorado &
exchanged
Southern common stock, in Feb. on this basis, but subsequently holders of $300,000
1911, 18.000.000, in March 1913
pref. exercised their
15,000,000. in 1914 85.000,000. V. 88. option of re-exchange after company's
p. 685; V. 92, p. 525; V. 96,
failure
to
the
pay
July1913
p.
789:
V. 98, p. 999. 1315.
Within 30 days after demand therefor. V. 75. p. 289, 393, 1031; dividend
The Iowa Division bonds are a first mtge.
V. 82, p.
on the main line in Iowa from 48; V.98. p. 1992. A majority
Burlington to East Plattsmouth,
of the 10% common stock trust certificates
on
the
Missouri
River. 270 miles, and on were in 19(15 exchanged for certificates
621 miles of branches and 86 miles of second
in denominations of $1,000 each,
track. These bonds have a
sinking fund of 134% (3203.800) yearly,
bearing
4% int., and payable in
for which the 4s are subject to call 1174gstrfa
incg
at 100 and tho 5s at 105. The single main
e taglitirsSere cfo
or
nra.
°V
1.580c
,kP. l
line and branches covered "shall
not exceed in the aggregate 900
DIVS.%1 '02. '03. '04. '05. '06. '07. '08. '09. '10. '11. '12.
miles." at 816.000 per mile; on
1913.
second
additional $14.000 per mile. V.
track
On pref._ 6 6 6 6 6 6 6 6 6 6
65. p. 462.
6 134.134. 0.0
On corn_ - 6 6 8 5 8 10
The Nebraska Extension bonds of 1887 are
10 2 8 934 5 - - - issued
at
820,000
per
mile
single and $10.000 per mile for second track on
for
BONDS.-The general consol. and first mtge. of 1887 (trustee,
not exceeding 1,500 miles. Trust
Central
Now a direct first lien. Abstract of deed. V. 45,
Co.) provides for the retirement of $6,307,000 prior
p. 441; V. 85. p. 721.
bonds and for
Burlington & Missouri RR. in Nebraska consol.
issue of bonds on new road at $18.000 per
mile for single track; also for bond
mtge.
of
1878
is now a for equipment
1st M. or 1st coll, lien; bonds subject to call for the sink,
at
37.000
per
mile
and for double track at $8,000 per mile.
fund at par.
In 1897 issue Was limited to $30,000,0
EARNINGS.-12 mos.,/1913-14__Gross,
00. See V. 64,
1088: V. 78. p.
$92.750.934; net,
36 1446: V.79. p. 1331; V. 80, p. 1728; V.84. p.
July 1 to June 30.
11912-13__Gross. 94,374,485; net, 930,602,5
1550; V.96.
p' p. 284.
Of
31.531,59
the
refunding
4
and
Improvement gold 4s of 1905 (555,000,000 auth.
ANNUAL REPORT.-Fiscal year ends June 30.
Issue),
$2,221,00
0 are reserved for additions and improvements, Including
for 1912-13
was in V. 97.P. 1280. 1291 (see also editorial, p. 1249),Report
equipment, and $34,626,000 to retire,
showing results:
$ for $. $30.000,000 gen, consol. and
1st 5s of 1937, issued and issuable.
1912-13.
1911-12.
1910-11.
and $4,626,000 Chicago & Ind. Coal 5s.
Average miles
V.80,
9.110
p. 1424; V.81, p. 1436; V.88,
9,074
9.072
Freight
p.451; V.90, p.558; V.92. 1). 117:
$64,073,856 $57,740,418 $58,033,243 V. 93, 9.688; V. 94. p. 487.
Passenger
As to the purchase money First Lien
21.895.691 21.083.419 22.552.567
Coal
bonds (87.000.000 auth. Issue).
Mail and miscellaneous
see
V.
8,414,939
94, p. 629; V. 95, p. 1039. 1122.
7.999.231
7.686.398
1393.
EARNINGS.-2 mos.,(1914
Gross earnings
894,374,486 886.723.068 $88.272.208
Gems,
$2,700,965; net, $840,065
July 1 to Aug. 31.
Operating income after taxes
11913
$27,840,545 $22,650,360 $25,574,069
Gross, 2,836.350; net, 553.191
REPORT.-For 1913-14 was in V.
Other income
1,959.930
2,151.044
99,
p. 966.
2,174.699
Years ending June 301913-14.
1912-13.
1911-12.
Total income
$29,800,475 $24,801.404 $27,748.768 Operating revenue
$15.544,286 $16.214,972 815.215.513
Interest, sinking fund. dcc
10,369,728 810.694.650 $10.905,005 Operating income (after taxes)
, .
. .
Net (including other income)
, .169
Betterments
7,647,743 3,944.216
3.035,966
4,826,755 Interest and rentals
3,803,448 4.718,361
Dividends on stock (8%)
8.867,128
8.867.128
4,561,858
8,867.128 Dividend on preferred
4,252,814
3.660,562
stock
(434)492,567 (6)591.963
Balance. surplus
$2,915,875 81.295,410 $3,149,880 Dividend on common stock
Balance for year
DIRECTORS.-Hale Holden (Pres.), Geo. B. Harris,
def1,525,892 def941,933 su
(5111
30
Chicago,
64
0..9
84
96
Ill.:
0
Paul,
Hill.
St.
Minn.;
OFFICERS.-Pres., W. J. Jackson, Chicago;
Charles E. Perkins. Burlington, Ia.; James
J. J.
V.-Ps., 0. S. Lyford,
N. Chicago, and
Hill, Geo. C. Clark, W. P. Clough. Edw. T. Nichols, Geo. F. Baker
Alvin W. Iirech, N. Y.; Sec., J. S. Ford,
and p. 341, 888, 966,
Chicago.
-(V.
99,
Samuel Thorne, N. Y.-(V. 99,p. 269, 341, 608.)
1213.)
CHICAGO & EASTERN ILLINOIS RR.-Operates road (double track)
CHICAGO dc ERIE RR.-(See Map
RR.)-Owns from Marlon. 0.;
to Hammond,Ind.,249 miles, and leasesErie
to Danville Jct., 106 m.)from Chicago,Ill.,to Evansville,Ind.,and bitumitrackage over Chicago & West Ind.
to Chicago, 20 miles. Erie RR. Co. owns
(nous coal fields; also to St. Louis, Mo.,and Thebes to Joppa, III.
entire 3100.000 stook.
Lines Owned in FeeMiles. Coal Bluff, Ind., to Casey, Ind__ 7
BONDS.-The Mat mortgage (trustees,
Central Trust Co. and Edward
Dolton to Danville. III
107 Woodland, Ill., to Villa Grove... 62 Daniels) covers 249 miles of road,
the contrast with the Chicago
Danville, Ill., to Brazil. Ind.__ 61 Findley, Ill..
Western
to Pane
20 Indiana. $1,000.000 of that company's stock and $240,000 stook &
Momenoe Jot., Ill., to Brazil, Ind.130 Branches to Coal
of Chicago
15 Belt Ry. See abstracts, V.61. p.911; V.61, p. 750.
Danville Jot., Ill., to Thebes. 111-277 Roseville Jot. to Mines
Judyville, Ind_ 14
EARNINGS.-2 mos.,J1914
Joppa Jot. to Joppa, III
Gross, $961.004; net,
16 Hunt's Extension
July 1 to Aug. 31.
7
Cissna Jot. to Cisme Park, /11___ 11 Evansville to Terre Haute
11913
Gross, 922,771; oper. def., $6,147
For year ending June 30 1914, gross,
109
35.883
Roseville Jot. to Mel' Jot., Ill__ 34 Branches to Mt.
85.460,145; oper. def.. 8332.252.
Vernon.
In
&o....50
1912-13,
gross.
Percy Jot. to La Crosse, Ind_ _ _ _ 46 Evansville Belt
$5,493.371; net, $157.588. In 1911-12,
5 096; net, $590,970; other income,
gross, $5.271.Milford Jot., Ill., to Freeland, led 11 Other
$87,434;
int., taxes, &c., $1,851,653;
2 mprovements, $137,032; bal., def.,
$1,310,281.




wers-woomwmaw.
ananomsev
,

ss,*

GREAT

••z.°

7.4

Rainy Lake

Cando

BQ.,
?
Towner

Lakez

108
, Chureh'aEe

Red Lake

Lakoe
eftP.
Lartmore

Bridger

.2 1000
t.Bentou ,

aaa

rent Falls

Grand Musts

Dewey
06
'6

al.

Armington

0

Lewistown

,
0
Nethart h4̀

elena

NORTHERN
Melstone

Judith Gap

La Moore
Edgele

Clow
oupraacml.
oulde
Harlowtta
'
Valley
NOR.

ridge
e
AilDey o Ellend
Eureka

W' Big Ti

°yam, I

4.ba
.Littl

Gond

Lodge.
NE I

.
m..

ALI

6'
CODY. Kaue

reads

•

'AR

rt•

Gillette

0
Camas

Hutchinson
er-t

Eighaaere

Pierre

Ykowstone

a

C.
Wolsey

Huron

4:1=-• z

Durkee
• Market Lalis

Chamberl
Worland

-tykite

ltlooy
• NCNPAOPOLIS

River

Mitchell
io
Palls
Armour Ma Ion Jr.
Scotland

Le M

aiou

Lauder

Chelsea
ippewa Falls Ca
Abbothsford

Eau Clair

Wausau
Eland

r Grand Rapid
ester
Les

a Crescent

•

;

p eton

oualasaa4/6
r
° Berlin
PArt.1
LA CROSSE! •
I Hip00
dard
ohne Cityd
17
Viroqua
°.
t?iie.;;
De Soto
hi nn<Jo
Watertown..4400
u CHIN

Stoi

ntin

North sod
Ma y Jo.
P.
4

°O>
8111es 000
I8
Clinton

mil on

Falls
Peter
Hank
lake Crysta
113EvS
aunts n lake
P. ells
Heron Lake
•W
eb go

ft eldon

Ic434.61.3°°u1 W
laaC°1

ate

anley

Free

Moore

Te

Turtle
St111 ater

INN E4

SHER:DAN

Lgyvs-r

IITIO

'Benson

Faulirtor,
burg
Redfield

Aber

_

_

YE •

••-•-•

Bristol

Eowdle
Moreau

FROMBE
Gardiner

hinelan e
NOR.

Aberdeen
leIngstou

Tomal;awk Lake
A.
. a.
Pembina
Afe4
.
Ellis Jo.
mere
?

Britton

Dec all
aJ

G.

g pa
ve 0

•Bladiso

Gra, 4
-pt..0
.

C ar s 11
ar

w ukesh
4:
Ja
v Ile
0

_at °
rloo
e
c'dg

4
te4.
idialWy-41

G7,-reepor

Vint
p

TrANN.A

E.11.1"4:

4. 1
:
17,0.1;ro
4,30:34›.•

Logan I

'o

Willard

Green River

0105'
Bitter Creel

osftea• l \tytn.ron

L• — —- —•- ,
Salt Lake City

4

if

Peeve

hre; Peak ..
0

MAP OF THE

ver
eo
'
Eeota
STCRLIN
LYONS
.Longmont
Boa Id
En

CHICAGO,

BURLINGTON & QUINCY
RAILROAD,



S.
Colb

Belo t
Van
8fol gro

nc
Colorado 8pra.
Sheridan Lake
Pueblo
•••••••

eda
J ffe

on Cy.

Ora
EAtTilT.
A LIA Car
.
Woo ale
METROPOLIS
OITY

SCENOII CENT SNDOIS

Dyer

OCT., 1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, &c.. see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

33
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

New York
44 gF & A Feb '15-Feb '16 Blair & Co,
Chicago & Eastern Illinois (Concluded)1660,000
11.000
1906
N
82 p 750)Bax
5 g A & 0 Apr '15-Oct '17 Bankers' Prust Co.
744,000
& E I Eq bonds Ser F $220.000 s-a(V86
1.000
1907
p 1284)Bax
N Y and Corn Tr Co,Phil
'22
-Sept
'15
Mch
S
&
M
5
do Series G due 1124.000 s-a(V
2,648.000
1.000
1912
York
New
8165.000
Co.
&
Blair
or
'15
-Feb
'15
$166,000
Feb
A
20,000
do Series H due
4) g F al
1.000
1905
installment_Bax
do
do
4 H g F & A Feb '15-Feb '16
180.000
E & T H equip bonds Series B last
1.000
1906
p 627)_Bax
Erie Railroad, New York
M & NMay 11982
Series C due $60.000 s-a(V 82,paid.Ce.zo
do
1.000 12.000,000
1890
iio
•
prin
till
guar
1
1982
Oct
t
249 1890 1,000 &c 10.000.000
Chicago & Erie-let Mg int
_ __Nz
Erie Railroad. New York
g J & J July 1 1918
300.000
Income bonds for $10.000.000 5% non-cum
1888
Terminal first mortgage gold
Fly
West
Trunk
Grand
-See
100 45,246,913
Chicago & Grand Trunk-Common
stock $46.000.000
100 44,137,402
Chicago Great Western
auth
J P Morgan & Co
4g It & SSept 11959
8,£ & fr 25,687.500
Pref (p & d) 4% cum red $50,000,000 (Lae &r•
1909
756
Bank of Montreal. N Y
3H J & J Jan 1 1950
500.000
1.000
First mortgage gold $75,000.000gold
1900
_z
mortgage
Terminal
Minneapolis
Ter RE
assumed_Chicago
0
&
Bait
-See
Chicago & Great Western
Northern Trust Co. Chic)
-See Indiana Harbor BeltR It1911
g J & J Jan 1 1931
550,000
100 &c
Chicago Hammond & Western
Con &ComTr&SavBk. Ch
M $1,000.000 gred 105 six
g J & J July 1 1947
815.000
1.000
1907
Chic Hgts Term Transf-lstlst)M
Par-CC.xo•
red
gu
g
Chicagoic III W-Gen(new
Chicago & Eastern Ill
Lincoln Nat Bank, N Y
4g J & J July 1 1950
1.000 4,850.000
Chicago & Ituliana Coal-See
203 1900
Trees Grand Cent Term.
Ill& Ia 1st M $12,000.000 g &r__
4g J & J Jan 1 1956
Chic Ind & 55-Ind
337 1906 1.000 &c 15,150.000
gold gu p & 1_,G.xc•
J & D Dec. JO '13 1 54 J P Morgan & Co. N Y
text
See
10,500.000
Consol mtge $20,000,000
100
Stock__
-Common
do
do
Chicajendianapolis & Louisville
100 5,000.000 4 in 1913 J & D June 27 '14 2%
do
do
1947
ed 4% non-cumulative $5,000,000
Pr
1.000 9.700,000 5 & 6 g S & J July 1
509 1897
are 6s)-Cex
do
do
1 1947
J
July
&
J
4g
5.300.000
CI L ref(now 1st) M f($4,700.000
1.000
1910
509
Co.
N Y
0
Trust
Bankers
Series
I
gold
1919
1
J
July
$15.000,000
&
J
5g
do
1914 1,000 &c 1,500.000
Ba.csklir*
New York
5g It & S Sept 1 1948
General mtge 14,000,000 red 1003
1.000 In treasury
Trust Co. N Y
Guaranty
1956
1
Jaa
J
4g
&
/rid:ana Stone RR first mortgage guaranteed
J
a1,650.000
1.000
60 1906
pi_ (Lao*
New York
5g J & D June 1 1936
Indianan & Louisv 1st M $6.000,000 gold
1.000 2.875.000
1911
red 110___Ba xcs•
NY
Motion Coal Co 1st Mg int gust
4 g M & S To Itch 15 1921 Equitable Trust Co,
278,000
1,000
1911
Bankers Trust Co. N Y
1921
15
Oct
To
Equip bonds Ser A g due part semi-annually s-a x
&015
A
H
4
525,000
1,000
1911
x
do
$38,000
or
do
$37,000
due
B
Ser
1923
do
do
F & A To Aug 1
900,000
1,000
1913
Ba.xc
do Ser C due 150,000 s-a
do
Q-F 15 To May 15 1916 HaskellBarker,Mich City
6
175,000
1913
Equipment note due $25,000 quarterly
Lo uis
St
&
ago
Chic
nati
Cincin
veiand
Cie
ee
Line-S
Harris Forbes & Co Chia
4g It & S Mob 1 1945
Chicago Indianapolis & St Louis Short g red 105_xc.
2.327,000
1.000
1905
Guaranty Trust Co. N Y
4g .1 &
July 1 1959
Chicago Junction RR-lst M 12.327.000
die 1.268.000
1.000
1909
x
-88
$2,000.000gG
It
Saginaw-let
Broadway, New York
71
Chicago Kalamazoo &
4H gJ & D June 1 1969
1.000 9.000.000
1909
Chicago Lake Shore & East-lst111 g gu red text__xo•
a Of which 1125,000 in treasury June 30 1913

111

867. Stock 220,000,000 ($5,000.000
Belt" route. leased to other cos. V. 82, p .803,
CHICAGO GREAT WESTERN RR.-Forms the "Corn
Chicago 4% cum.pref.), all owned by Lake Shore & Mich.South. See V.98,p.1393.
radiating from Oelwein. Iowa, northerly to St. Paul, easterly to
by Lake Shore & Mich. Sou.. 14.850.guar.
BONDS.-Of the 4s of 1906,
and southerly and westerly to Kansas City and Omaha.
Operated under agreement. Miles. 000 are reserved to retire the 4s due 19a0. V.86, P. 980. 1223.
Lines owned (total. 756 miles). Miles.
14,895.469.
311913.
Dec.
m.,viz.:
payable
Loans and bills
400 Mason Cy& Ft.Dodge,386
Chicago to St. Paul
Gross, $2,755,629; net, $417.636
Oelwein. Ia.. to Coun'l Bills- 259
290
Oelwe n to St. Joseph
EARNINGS.-8 mos.,f1914
100
Clation,Ia_
..to
2.895,194: net. 500,629
Gross,
Haytield,Minn
23
11913
Bee Creek to Beverly
Jan. 1 to Aug. 31.
19
22 Branches to Coalville, &c
1389.
Sumner to Waverly
for year ending Dec. 31 1913, in V. 98. p.
-Report
REPORT.
Trackage
20
other income.
Mantorville, &c., branches
8 showed: Gross, $4.462,452; operating income. $515,047;
1 Council Bluffs to So. Omaha-p.
1070.1389.)
98.
V.
Leavenworth to Kansas City
$118,378.-(
def..
bal.,
$658,048;charges, $1,291,473;
Wia.MInn.&Pao.RR .277 miles.
Trackage (total, 77 miles)RV.-Operates the
Mankato to Red Wing, Minn_ 98
11
St. Paul to Minneapolis
CHICAGO INDIANAPOLIS & LOUISVILLE to
118
Indianapolis. Did..
Red Wing to Osage, Ia
10
Chicago Terminals
"Monon Route" from Chicago. III., via Monon. Ind.,
54
Minn._
Simpson,
617 miles, viz.:
to
1914.
30
Winona
June
Total
Galena Jct., Ill., to Dubuque.Ia. 14
8 and Louisville, Ky., with branches.
Miles.
Oper. under contractBranch to Clay Banks, Minn_
3
Miles.
ownedDes Moines Terminals
Lines
8
Chester-State Line,- 20
Belle
Indiana
to
to
Goodhue
Chicago
25
IndianCity
to
Kansas
Leavenworth to
Indiana State Line
7
Louisville
to
162 New Albany
St. Joseph, Mo.. to Bee Creek___ 9
apolis
2
Total earnings June 30 1914_1,496 New Albany to Michigan City..-289 Connection to Indianapolis
5
Other trackage
9
/nd
Harrodsb'g,
to
Creek
Clear
and
Co.
40
Dodge RR.
Bedford to Switz City
The entire capital stocks of the Mason City & Fort and
10
their roads oper- Orleans to French Lick Springs- 18 Switz City to west of Linton br_ 60
the Wisconsin Minnesota & Paola() RR.Co. are owned1910
Wallace Jot, to Shirley Hill &
acquired entire
ated under agreement. See those companies. In
this
stook
whose
(of
Indiana
397.
Western
214.
&
Co V. 91. p.
A lease for 909 years with Chicago
atock of Leavenworth (Kan.) Term. Ry. & Bridge
& Pacific company owns 11.000.000) gives entrance to Chicago on a mileage basis.
In July 1914 $6,177,000 of the 16.232,000 Wisconsin Minnesota
Ky.
Western to give
Owns one-third interest in Ky. & Ind. Terminal RR. at Louisville,
bonds had agreed to accept the offer of the Chicago Great
1
Sept.
let M.4s with
Owns entire stock of Indianapolis & Louisville RR.. Wallace Jct., /rid_
In exchange per 11,000 bond $500 each in C. G. W.
on to Shirley Hill, 55 miles, and branch Vicksburg to Cass, 5 m., completed in
coupon
1912
Oct.
the
stock,
pref.
in
and
$500
attached,
1913oupons
were 1907. Under supplemental lease dated May 10 1907. bonds are guar.,
M & P. bonds being paid in cash, and the remaining 155.000
the W.M.
V.99. p.673. prin. and int. See "Bonds" below. V. 82. p. 509; V. 83. n. 888. 1290:
given the same privilege. V. 97, p.49. 523, 728, 1203. 1117;
& Du- V.85, p. 920; V. 87. p.809; V. 88. p. 99. In 1914 purchased the Chicago
In July 1914 leased for 50 years to Minneapolis St. Paul Rochester
Mankato. & Wabash Valley Ay., McCoysburg to Dinwiddle. Ind., 36 miles and will
buque Electric Traction Co. the line extending from Randolph to
extend it 6 miles to the main line near the Illinois State line. See BONDS
Minn., 57 miles. V. 99, p. 195.
successor, below. V. 98, p. 689, 1048; V. 99. p. 1992.
as
1909
20
ORGANIZATION.-Incorporated in Illinois Aug.
at judicial sale
HISTORY.-Successor July 1 1897 of Louisville New Albany & Chicago.
per plan V. 88, p. 1497. of railway of same name acquired
V.89. p. 528, 592. The foreclosed Per plan in V. 63, p. 922. Suit settled. V. 75. p. 1031.
by J. P. Morgan & Co., reorganization managers,
and equipment. Holders of
In Aug. 1902 the Louisville & Nashville and Southern Ry. acquired 93%
plan provided $9,892,274 for improvementspaid
assessments of 115 per sh. of $10.500.000 corn, and 77% of $5,000,000 pref. stock, on the basis of $78
old pref. B and common stock participating
4% collateral trust
Issue) will be entitled to and $90 per $100share,respectively,In their joint 50-year
STOCK.-The pref. stock ($50.000,000 auth.
to cum,dive, thereafter gold bonds at par. secured by the stock acquired. See description of bonds
and
1914
30
June
to
ann.
75, p. 28.
non-cum. dive. at 4% per
V.
1138;
1088.
p.
V.
74.
Nashville.
&
Louisville
principal
to
as
under
and also to a preference
at that rate ahead of the corn, stock,
of dissolution or liquidation. The voting
1 '03. '04. '05. '06. '07. '08. 1909 to 1913.
DIVIDENDSand accrued dividends in case Sept.
33f yearly
3
3
406.
p.
3
99,
V.
1914.
3
2
1
On corn since 1902%_f 3j 34
trust expired by limitation on
In June 1914 the common dividend was omitted. V. 99. p. 47.
were sold to the syndicate and the
BONDS.-Of new first 48. 118.500.000 present
issue of which 14.000.000
BONDS.-Refunding mortgage covers road, equipment, Ste. (Including
remaining 19.500.000 of the 128,000.000
betterments as required, $1.000,000 stock of Ch. & W. Ind. and $240,000 stock of the Belt Ry. of
have been sold, were reserved for additions and 1482;
V.90, p.53: V.91. Chicago); the remaining 52.300.000 of the $15.000.000 authorized being
V.89, p.
say within the next two or three years. m.,
incl.sub.cos. June 1914,127.073
sold April 1911 to take up 12,300,000 bonds due 1911. V.90. p. 1613:
p. 1160; V. 92, p.1231. Funded debt per
Gross, $2,391.866: net. $635.875 V.91, p. 518. 1095; V.92. 9. 1031,1700: V.93. p. 44. V 94. p. 1118.
EARNINGS.-2 mos.,11914
The general mortgage 5-year gold 5s of 1914(14,000,000 auth.); 11,500.000
754,687
net,
2,520,719;
Grass,
11913
31.
Aug.
July 1 to
sold) are secured by (a) a first collateral lien on the Chicago & Wabash
REPORT -Report for year ending June 301913,in V.97.p. 1199,1216. Valley Ry., 36 miles, now owned; (b) a first lien upon all equipment pur1230.
1208.
671,
p.
V.
was
in
99,
1913-14
Preliminary statement for
chased with proceeds; (c)a lien, subject to the Refunding Mortgage,on all
1910-11.
1911-12.
1912-13.
1913-14.
Monon property. The remaining $2,500,000 may be issued after
$14,260,522 $14,000,618 $12,795,242 112,618.642 of the
Gross earnings
under careful restrictions as follows: To acquire and pledge
12,927.023 $3,303.350 12,380,529 $2,793.527 Jan. 1 1915
at
Net (after taxes)
mortgage not exceeding Chic. & Wabash Valley bonds issuable
the
114.911 under
126,570
118,475
146,140
extension and for
Other income
not over $25,000 per mile for improvements and a 6-mile
Monon lines and equipment. V. 98, Iri•
of
s
and
improvement
extensions
Total net income_.._.. 13,073,163 13.421.824 82,507,100 12,908,438 1992. 1608. Collateral trust notes June 30 1914 $625,000.
$824.500
$917,500
$917,500
which 11.525.000 sold in
'
int. on C. G. W.bonds- 11,033.720
Indianapolis & Louisville guaranteed bonds. of
480,000
480,000
480,000
480.000
per mile. See
Int.on M.0.&Ft.D.bds.
miles of road; bitianee issuable at $30,000
232,440 1906 cover 60
232.440
232,440
Int. on 12.750,000
guarantees
Int. on W.M.& P. bds_
Also
1290.
V.82. p. 508; V. 83, p.
603,591 above; Coal
693,552
546,846
663,513
Other int., rentals, &c__
s. f. 1st M.58 due June 1 1936. redeemable at 110 (53.000.000
Monon
93. p. 44. 697.
8767,908 authorized issue). V.
$183,609
$895,930 11,245,039
Balance, surplus
net, $357,677
EARNINGS.-2 mos.,11913-14____Gross, $1,232,169;
OFFICERS.-Pres., S. M. Felton; V.-P., Joseph W. Blabon; Sec. &
July 1 to Aug. 31. 11912-13____Gross, 1,232,627: net, 369,980
'Treas., J. F. Coykendall; Aud., Con. F. Krebs. President's office,Peoshowed:
1048.
p.
99.
V.
-In
ANNUAL REPORT.
ple's Gas Bldg., Adams St. and Michigan Boulevard, Chicago, Ill.
1910-11.
1911-12.
1912-13.
1913-14.
Year end. June 30DIRECTORS.-Samuel M. Felton, John A. Spoor, A. A. Sprague 2d. Gross
$6,944,004 $6,985,944 86,503,652 16,186,878
earnings
Steele,
1.450,296
Charles
Chicago;
1.661.271
Hurley,
.968
E.
N.
1,587
H.
Conover,
C.
Clyde M. Carr.
1,426,286
Net earnings
199,523
204.308
264,601
John R. Morron, New York; E. F. Swinney, Kansas City; James S. Bell, Dividends,Sic.. received- 200,320
Minneapolis; G. W.Wattles, Omaha; E. C. Finkbine, Des Moines; Milton
1051,
1208.
1230.)
Tootle Jr., St. Joseph.-(V.99, p. 196,406, 671,673.
11,626.606 $1,852,569 $1,649,819 $1,865,579
Total net income
732,300
1724.920
$804.071
$854,884
on bonds
508.359
428.072
510,137
CHICAGO & ILLINOIS MIDLAND RY.-Owns Auburn, Ill., to Interest
625,923
Rentals, &c
Taylorville, 26 miles,of which 17 miles was opened June 1907. Stock auth..
being
majority
12.000.000; outstanding. $1,000.000 (par of shares 1100), a
11.152,992
11,240.659
81.314,208
81.480,808
Total
M. .58 and
owned by Illinois Midland Coal interests. The $780,000 let trusts
1409.160
8712.587
1538,361
8145,798
July Surplus for dividends
1220,000 debenture 5s were retired Nov. 30 1913. Equipment
200.000
199,752
200.000
199,752
Dividend on pref., 4%
1912, $31,600. Year ending June 30 1914. gross, 1187.640; net, 132,238. Dividend
(33f
)341.250
(331)341.250
)341.136
(331
(1
H)170,568
on common_
In 1912-13. gross. 1135,057; net, 113,503. In 1911-12, gross, $106.532;
F.
V.
-P.,
Morton
Plant,
Chicago;
balance,
Kurrie,
R.
194.013;
acc..
Harry
taxes,
interest,
Pres.,
$5,730:
other
OFFICERS.income,
net, $27,555;
N. Y.; E. C. Field, Chicago; Treas., Byron Cassell, 608 So. Dearborn St.,
-deficit. $60,728.-(V. 93, p. 1599.)
N. Y. Directors-Harry R.
Broadway,
52
Hilton,
A.
Sec.,
J.
Ave..
Chicago;
Western
from
extend
-To
RR.
CHICAGO & ILLINOIS WESTERN
Kurrie, Chicago; R. M. Gallaway, Morton F. Plant, Henry Waiters,
Chicago, southwesterly to Joliet. III.. with branches, a total of 54 miles. o
Jr., John!. Waterbury, Guy Cary. Frederick 13. Adams,
which 22 miles in operation. V.83, p. 491. Stock, $1,000,000; par. $100f Adrian Iselin
capital
New York; Fairfax Harrison, Washington; E. C. Field, Chicago; Samuel
the
on
increasing
1913
18
Dec.
on
The stockholders were to vote
Ind.-(V. 99. p.47, 119, 673, 969, 1048.)
stock from $1,000,000 to $1,500,000, providing for completion of road be- T. Murdock, Lafayette,
tween Hawthorne, Ill.. and Western Ave., Chicago, and sale or disposition
RR.-Owns 3.61 miles of elevated track, conJUNCTION
CHICAGO
auth.
.of road. V. 97, p. 1114, 1356. Of the gen. 6s of 1907 (14,000,000
yards. Leased to that
by Doiese necting South Side Elevated RR. with the stock
issue),$815,000 were outstanding in July 1912, guar. prin. & int.
for 50 years (with right to purchase at cost within 20 years) at a
company
88,
107;
V.
p.
86,
V.
trusts,
equip.
1133,117.
& Shepard Co., Chicago;
rental
and
all
bond
expenses.
covering
interest
Capital
stock, 850.000.
p. 685. For year ending June 30 1914, gross, $176,785; net, $27,700. In Bonds are guaranteed, prin. and int., by Chicago Junction R.& Union
1912-13. gross, $169,740; net, 125,092; other income. $12,620; interest,
are
to
call
at
they
105
subject
Co.;
Yards
after
Stock
1910.
Form of
Office,
-taxes, &c., 178,859; bal., def.. 141,147. Pres., W. E. Phillips.
guaranty, V. 82. p. 568.-(V. 85, p. 792; V. 87, P. 346.)
184 La Salle St., Chicago.-(V. 97, p. 1114, 1356.)
CHICAGO JUNCTION RV.-Owns inner line within the Chicago
CHICAGO INDIANA & SOUTHERN RR.-(See Maps N. Y.(ent. &
Hud. Rio. RR.).-Owns from South Bend. Ind., to C.!. & S. Jct., Ill.. 192 Union Stock Yards district. 11.81 m.; side and industrial tracks, 118.58 m
In 1907 New York Central interests acquired the outer belt line, assuming.
an. (former Ind. Ill. & Iowa RR.); Danville, Ill., to Indiana Harbor. Ind.,
109 m.; branches, 21 m.; trackage, 37 m.; total. 359 m. Also owns 10 in. the $2,500,000 outstanding bonds. V. 85, p. 159, 792.




Eldon

BRIT
I.
S
Kamloops Sicatnous
c.

1
5
"'Revelstoke

ii

Gerrard

COLUMB
licefers
kanagan
Princeton

11\edicine-Hrt
num re

1h1

a/

4.
,

4 ••
•0
-S
.
'.
,
4.-... 44•
•••.°...:4

WhYB1 ft
C?
wisto
.
Willa Walla
5

Ws.

Bel Ito

-f

.••
..,- t)1 '''.
5
,*
r VP4'•

Heppner
La Grande'Jo eph
Baker City

bony

R
igene

E

I

0

Weiser

Wilbur

Boise

eimir
L.
sir
nidoks

cdfor Klamath Lake
'
In Klamath Fallsf
Lakevg

Yreka

)-

Owyhee`,._.
:
7
-

'Eureka

I

Contact

Dicloud °Hur.
"
Matt inel
Winvinucea
Irou__MOSidain
Bella Vista
attirIlouutajs

fteks
loc

I

('

N) E

0

4

Sites

Eureka

Marsville

Ft.Churchill Au'tiu
rson City

e•

sl,rr

o a

/t
.
liosev'llta,Miudc%
Saerruneuta

d
I

ulder Summ

A
.rx

•

og't
Table Rock

LAI To.
rove City
Springvil o

A

U
Lynn Jc.

MoGil
Ruth

Woodsid

r

0 to

Alliance

Larami
u.

o Ladore

°

\I Stockton
0 la I

SAN FR
‘A\WG'iii
.
4
C
Joe
at, San
0ant
iza
;
„
.
0„
...




Merced

Fre u

•‘t

„v•

0

A

9

No olk

.earu

um u •.
m
Atigrit
Bomar
/
072.„
nn 1

er.

et

A
'Cs

aiTLE
Nec:..%101:4'°1-11: I
r

ktio
ecykton
ic
y oaS
::,
..,ColE
,
sprinyghsl:

C0 or
aswell

Pueblo
a Juni.
Cuchara Jo.

/Du„4
:
1 m0'

.

Lamar
Meade `•
pringfield

Dawson
Servillett

9 tql'
.
N77,3
lington•A
%PAPA •
•

acksonvin

111

Ouray

AND SUBSIDIARY LINES

no

'040

*AM
im
Union imiripihveirt
aWt,i9,411,1111

D

-ar

COVE--

SpriagR,

Montrose

Chicago, Milwaukee & St. Paul Railway

„.

l
Oxford
Culpertsou,

Brush,

,0. 7L

R

IImperial

Stout

Rangdy

C

B
Jul bur
terling

Dover

,
m s:
Sun nyside Plentor000 opr
.e
Book'Cliff e
Le tl
e
C•see
Grand Je.1

Milford"

N

Gunnison
San t.rket

.0-04
4;e:It2,4,e

• 41,0

uNZ:IgTV".
Johnstown
O'Neill
Burwell

rthpor
P.

Choy eons

Steamboat Spriings

H

ps_

or
4141
sc

,
C Colons

Cr

Hanna

p.
Newlaluse

CriToe

:1*el"
EST

.
0
`
gd,„ wont
Cas

SALT LAKE CITY
Dqfork

Watt

f„0

PianiaCtrra

Powder Hi
Oil City,

e.
°GOO],Ctinibeflalld
u.
Grand Encampment

d hafter

'oils

4
2
i
kf
f,34-t'?
o If'S:Pc
-e-

4.0

Cumin. alIJ:

Moyer

is

V( AD
D

'eli.

I

r'
I
Brightim

Etko
Pa

Al,addeln,
itt
,
f4
o !Rap,

y
Lander

CO,

timbol
fobre

Pi e

(P(P7d

Dittl

g'i-11111
RMS
'
.

on
o

Amadee
Anderson
Tehama

.e

/Newcastle

w

•fotl

/e"-

-to•

Duboic

O 0

Malad,City
McDermite

Montague

Camp

0

Buhl

0 Andrews .

lackfoo
Pocatello'

Hibbing

• TG.:
LoW

Aberdeen

Kirby

I.Idaho al?

Lake Illalheur
urphy-____8.

Jacksonville

7

Ketchum

Sunfliiir

lo

Cody

riltheld

'
11

Broadus

YELLOWSTONE
,NATIONAL
PARK

Crvstal

Sly

on

O.
Bemidji
a• Walker
Ila vier
•remit City„..
\
Staples

n'0

•3-4

Nipigon

Is

LlYingSt011

(
IA317,y

s Ifyrt e Point

A

_

Wamga

Billie s

Rod Lodge
Gardiner

_

ç—b .1Woocla
••

e. Banning

4
-1.0•T

G
ine.n4e4V,P
Meadows

Tipton

a•

Menord•O,
•
•40•,

0.

Rat

;top
p.

Lak
°
e

.pigon
j't

Riot

CO

R4.4.8:1,:i:;ziojau'ejg
v.

1
41 Art:
41D.

4JV4%sa

Pendleton

Shaniko

hotw,

c.

Red Lake

oat.
Carl ngtol

anton„...

GraS
ntgiet7i1l

ISalem

ra
(Ira *ci
rell Lakt.

llinot

o

...
!
• ••,...:
a

•

vehA aN to.

G Lsooik
ee/ock
—
r

e

Har tey Je.
Morr
e.
v. ...enrol
Hatiluth

I

ake Superier Jut.

Hawk Lake

Brulo

apt

Jo,

. AP'1,1*?q,1144-1419PoN,
.
es
•

')•
)1J

La du Ben et
Nmtage..la Prairie

on

Browning

,.

•-••

B A

• \
Manitoba

N- I
o.

Kate Von

Milk Be

0

•

A

j

A T41
,
4.
7klii
,

uina

Moose Jo

8 ASKA To H

extort:I
sob).
G.
ColtUnbla Valls

so0j,Darri gtou

%.°:* Sun
Kalama
ljmtstillo

‘•.

lao

nlway
j
sta7J;TIrl•
or GLACIER
Re ublici TA

am.

r

o.
Whitewood

.ethbridge

Macleod

oi!---1°C41

Regina

Antelope
c•

T

1

Kasl
N elson

00

Lake

Strassburg

Craik

Caly-

••••

I M

rrowhead

?.1

OCT., 1914.]

RAILWAY STOCKS AND BONDS

35

Rate
Amount
When
Last Dividend Places where Interest and
Par
Miles Date
RAILROAD COMPANIES
Dividends are Payable
Payable and Maturity
%
Road Bonds Value Outstanding
(For abbreviations. &c.. see notes on first page]
Bankers Trust Co, N Y
5 g J & .T Jan I 1940
21.000
$735,000
1910
52
_-_Ba.xc*.kr
105
red
g
M
Chic Mem & Oulf-lst
42,000
5
To July 1 1921
1911
x
Equip notes due $6,000 yearly
St Louis Union Trust Cc
A & 0 Apr 1 1948
1,000 5.764.000
5g
--- 1908
1918 SSt.-xo*
Chi 1811w &Garr-1st NI g red 105 beg.
in
116855400
&
5
M
Sept
S
1913
1 '14, 244 N Y Office 42 Broadway
--------100
text)
(see
stock
Chicago Milwaukee & St Paul-Corn $116.304,900-do
100
do
&
M
44
S
7
1
116.274.900
Sept
3
'14,
-----Preferred stock 7% yearly not cum
do
do
1,000 2,496,000
7 & J July 1 1919
5
185 1879
taxes)F.c*
Lacrosse& Daven Div 1st M (free of State
do
do
&
J
1.000
J
6
1880
July
1,526,000
1920
1
161
NIT.zo•
drawn_
Wise Val Div 1st if sink fund not
do
1,000
J
do
6
4.587.000
&
1
1880
July
J
351
1920
NB•zo•
Dub Div 1st M sinking fund not drawn_
do
do
1.000 25,334.000
5 g J & J Jan 1 1921
1,117 1881
gold_F•ze
text)
(see
M
1st
Chia & Pao Western Div
do
1,000
&
J
July
g
J
do
5
1,360,000
1
1881
68
1921
_F.zo*
gold__
Chicago & Lake Superior Div 1st M
do
J
&
J
1881
guly
g
$1,000
do
5
4.755,000
1
230
1921
Fz
Wise & Minn Div let Mg
do
1,000 1.248,000
do
6 g J & J Jan 1 1924
1883
119
z
assumed
gold
Fargo & Southern first mtge
do
do
1,000 2.850.000
5 if J & 7 Jan 1 1916
159 1886
gold-.-Fz
Dakota & Great Southern first mortgage
J & J July 1 1926
1.000 3.083,000
do
do
5
77 1886
mortgage_F.ze
first
Div
River
Missouri
Chicago &
do
J
do
&
1
J
1889
May
e
4
6,315
1989
48.841.000
&r
Us.xo•
A_
1,0001
Series
Gen M (for $150,000,000) gold
1,000
do
4g
Q-J May 1 1989
do
x 6.315 1899
Series A registered
do
do
do
do
344 g J & J May 1 1989
8.950.000
6,315 1889
xo•
0001
.
1
B
Series
do
do
do
do
1.000
6.315 1899
g Q-J May 1 1989
3
x
registered
B
series
do
do
4 g J & J May 1 1989
1,000 139,741,000
do
do
xc* 6,315 1889
gold
0
Series
do
do
1.000 J
do
do
4 g Q-J May 1 1989
1889
6.315
x
registered
C
Series
do
do
do
1.000 2,117.000
do
44 I & D dune 1 1934
128 1913
to (Tr Bay est 1013_xe•
EgIfilw 35 Nor 1st M Schwartz
do
do
1,000 5,072.000
44 J & D June 1 1934
421 1913
96. p 1364)--zc*
Congol mtge extended 1913 (V
do
do
4g I & J July 1 1934
-__ 1909 1.000 &c 33,286,000
F.xc*&r*
secured
Ail
xDeb $50,000.000 g
and
Paris
London
June
1)
1925
&
1
7
&c
fr
4
500
48.176.655
1910
-__
_---Usm.x
by gen &
Deb 250.000,000 franc-s
444 g J & D June 1 1932
N Y Office. 42 Broadwag
100 &c 50.000.000
- -- 1912
I ref mtge •Us.xc*&r*
ConvertdebsteXtg
do
do
Jan 1 1949
4
a
IL (text) ass__ Utute• hr* 2.197 1o09 1,000 &c 26.175.000
Ch Mil & Puget Sound 1st
444 g A & 0 Jan 1 2014
text)_Gc*&r* 9,322 1914 1.000 &c b30000,000
General and refunding mortgage (see red102
5g J & D June 1 1918
____
2,999,500
100
___
Usxr
Si
p&I
gu
g
ars
tr
Ry
Her
Will
Pug Sd &
100 130.117.029 7 in 1914 Q-J Oct 1 1914 1% Co's office 111 B'way.N3
auth_---Tr 7.390 ____
Chicago & N W-Com stock $177,604,880
do
do
100 22,395,1208 In 1914 Q-J Oct 1 19142%
Tr 7,390 ____
Preferred stock (not cumulative) see text
Q-F Feb 1 1915
do
do
7
12,832,000
1.000
1865
788
se*
F
drawn
not
M
at
con
Chic & N W
N
do
1
May
do
1916
&
M
7
500
2,332,000
eco
1866
150
-z
Div..
Cedar Rapids & Missouri River-lst M 3d
do
do
M & S June 1 1917
7g
140 1872 500 die d3,365.00
Northw Union let Mg Milw to Fond-du-Lac F.zo•
do
Dec
&
J
g
D
7
do
1916
1
k4,038.500
&e
100
1871
175
assu.F.ve•
at
gr
land
g
Melt
Winona & St Peter 1st
do
do
6 g if & N May 1 1921
1.000 5.000,000
413 1881
Milw Lake Shore 4W cons if (now 1st) gold_Ce.zo•
do
6 g J & 3 July 1 1924
do
1.000 1,281,000
82 1884
Michigan Div 1st M (for $3,000,000) gold_ _Ce.zo•
do
Mob
S
1925
&
1
M
g
do
6
1,009.000
1.000
1885
40
Ce•zo*
Ashland Division first mortgage gold
do
do
fig F & A Feb 1 1929
1.000 4.148.000
693 1889
Ext &Imp M for $5.000,000 g s f not drawn Ce.zo*
do
do
A & 0 Oot 1 1922
5
400.000
1,000
40 1892
Marsh Ext let M $600.000 ($15.000 p m)-Un.zo•
b
in
Q-J
ed
Also
4.
'1
treas.June
30
register
J;
2153,413,500
&
J
bonds
oupon
aC
Also in sinking fund July 1914; d $135.000.
Pavi Ion to ties in Chicago, Milwaukee, Seattle, Tacoma, Spokane & other cities, and
CHICAGO KALAMAZOO & SAOINAW R Y.-Owns 55 m.,to
Pavilion. the entire equipment,subject to $184,421.000 prior liens, to retire which an
Woodbury. Mich. Leased to Grand Trunk. 11 m.,Kalamazoo
Mich. equal amount of bonds is reserved. $132.007,000 being also reserved to re$100.
Stock. coin., $2,000,000: out.. 4450.000: par el shares,
tire outstanding debentures and convertible bonds, which are equally seCentral owns $270,000 stock and $761.000 bonds and Lake Shore $180,000
Ism cured thereunder. None of the prior liens may be extended and no further
31
Dec.
ending
Year
708
stock and $507,000 bonds. V. 90. p.
issued except gen. M. for refunding purposes, so that eventugross. $214,253; net, after taxes, $69,345; other income, $6,236; int., hire amounts
the Gen. and Ref. bonds will become an absolute first lien. Further
of equip.. Sze., $65,029: bal., sun,$10.553. Pres., H.B.Ledyard, Detroit: ally
be issued for improvements, betterments, acquisitions, construcmay
bonds
Sec.. F.0. Waldo.-(V.94, p. 1185; V. 96. p. 1228.)
the bonds. $154,489.500 have been issued in exof tion, equipment, &c. Of
Milw. & Puget Sound 1st 4s (leaving only $27,175.000 of
CHICAGO LAKE SHORE & EASTERN RY.-Embraces 473 miles
Chic.
for
change
track, connecting the various works of the Illinois Steel Co. and Indiana
the latter outstanding), and $16.424,900 on account of additions, improvelines.
trunk
with
Gary
and
diverging
Milwaukee
Joliet,
and betterments. V. 98. p. 1766.
Steel Co. at Chicago,
establishments, ments
and also with steamship lines, stone quarries, IndustrialIll..
Coupon bonds will be in denominations of $100, $500 and $1.000, and
handling be- registered
bonds in $1,000. $5,000 and $10,000, or any multiple. V. 97.
die.; also reaches the coal fields of III. and Ind., and Joliet.
Stock.
Co.
Steel
lii.
for
traffic
large
1583; V. 98, p. 73. 303, 386, 1244, 1315, 1766.
tween South Chicago and those points a
1909; all owned by p. 1662.
$9.000.000. being increased from $2,760,000 in June
Abstracts older mortgages. V. 45. p. 114. 144, 212; V. 48. P. 830.
Corp.. which, with
the Illinois Steel Co., and so by the United States Steel
The general mortgage of 1889 (see abstract in V.48. p.830: V.96,P. 1088.
by endorsement.
the Elgin Joliet & Eastern, guar. the bonds. prin. and Int..
1 1909, rental cover. 1156: V. 97, p. 175. 520; V. 98. p. 386) is for $150,000,000 to the United
The last named leases the road for 60 years from June
earnings. See V. 90. P. States Trust Co. of New York, as trustee, and covers the entire railway
Ins all charges and diva, on stook, dependent on 1911.
5% and 2% extra: property and franchises of the company (therein described),subject to prior
108. Divs. paid In 1909, 10%; in 1910. 5%; in
which are paid as they mature. In July 1914 held as follows:
in fiscal year 1912-13. 10%; 1913-14, 7%• Dec. 1919 at 110 and int.; liens,
Amt.in hands of the public(V.89.p. 1279. 1541. 1596. 1667)_496.733.000
1
from
part
in
or
whole
Bonds are redeemable in
15.000
of bonds beyond the In treasury of the company
they are limited to $20,000.000 and further Issues
cost of property. Reserved for prior liens
53.227,000
;9,000.000 now outstanding can be made only for 50% of 91.
p. 1446.)
The $28,000,000 4% 25-year debs. of 1909 are secured by new gem. and
V. 88. P. 1372; V. 89. p. 224. 1410.-(V. 90. p. 1170: V.
ref. mtge. V. 88, p. 1559; V. 89, p. 1223. 1346.
CHICAGO MEMPHIS & GULF RR.-Owns Dyersburg, Tenn., to
In May 1910 sold to a group of French banks 250,000,000 francs 15-year
Hickman, Tenn., 52 miles. Stock, common, $520.000; 6% cum. pref..
debs. They are equally secured by new gen. and ref. mtge. V. 90.
$150.000, all acquired in Feb. 1913 by Illinois Central RR. V. 96, p. 716. 4%
1424. 1489, 1554; V. 91.p. 38. 1710; V.98.p. 303.
p.
credited
and
1910-11
of
earnings
A dividend of 8% was paid from the
The
% debentures of 1912 are convertible at par into
$50.000,000
towards payment of pref. stock. Divs, on pref., 144% Oct. 1 1911; common
stock after June 1 1917 and prior to June 1922. at the optionof the
%: Apr. and July, none.
1912.6% (Q.-J.); 1913, Jan..
after any dividend shall become payable on the
days
10
within
holders,
reserved
Bonds ($10,000.000 auth.) outstanding Feb. 1913, $735,000;
common stock and redeemable at 105 and int. after June 1 1922 on 90 days'
for terminals. dm, $1,750.000, and remaining $7,515.000 at not to exceed notice. They are secured by new gen. and ref. mtge. V. 94. p• 1056.
main
mile
line.
V.
per
90,
420.000
over
85% of cost of new construction, nor
1118. 1565; V. 95,p. 744. 1472: V. 96. p. 284. 789: V. 97. p. 364: V.98.
p. 108, 302; V. 91,_p. 153. For year ending June 30 1914. gross. $206.571: P.
303,45
net, after taxes, $64,289; other income, $1,079: , bond, int.,$39,100;
Of the Chicago Milwaukee & Puget Sound Ry. 1st 4s, which were assumed
other charges, $15,463; bal. sur., $10,805. In 1912-13. gross. $198,125: on purchase Jan. 1 1913, $181,664,500. of which $27,175.000 guar. p. & I.
net, after taxes, $12,636.-(V. 96, p. 419).
by the C. M.& St. Paul By.. were sold and 2154,489,500 were exchanged
CHICAGO MILWAUKEE & GARY RY.-As originally projected, for 0.M.& St. P. Gen.& Ref. bonds and were deposited under that mtge.
would form an outer belt line 267 miles in length; extending from Mil- V.92. p. 593,659, 725, 1374; V.93, p. 1386, 488: V.94, p.767. 1185; V.98.
waukee, Wis., to Gary, Ind. connecting with all of the 32 main trunk p. 1692. Bonds cover road,terminals and equipment,and run to maturity.
lines entering Chicago. Of this. Rockford. Ill.. to Delmar, 129.51 miles,
The Puget Sound & Willapa Harbor By.5% 5-year trust gold certificates
Including Elgin Joliet & Eastern trackage between Aurora and Joliet. 22 are secured by the entire stock of that company under an agreement promiles, was in operation in July 1913. In March 1909 interests represented viding that the St. Paul shall purchase the stock at par on June 1 1918
by the St. Louis Union Trust Co. acquired practical control. V.88, p.685. unless the certificates are sooner redeemed. V. 96, p. 1700, 1839.
Owing to default by Co. and syndicate managers in interest on outstandGENERAL FINANCES, &c.-In Apr. 1913 230,000,000 gen. M. 434F.
ing collateral notes, viz., $1.500,000 dated May 31 1913 and $269,033 6%
Jan. 1914 $9,741,000. V. 96, p. 1088. 1156; V. 97.
convertible notes dated June 1 1913, notice of sale was given of sale on were sold, and in p.
386, 689. In June 1914 $30,000.000 Gen. & Ref.
Oct. 5 1914 of collateral consisting of $5.764.000 1st 58 and 25,475.000 p. 175. 520: V. 98,
stock. The sale was indefinitely postponed on account of financial con- 44is were sold. V. 98, v. 1766.
450 miles of the Puget Sound main line, which was
of
The electrification
ditions. V. 99, p. 1051.
V. 86, p. 980: V. 88, p. 685. Loans and bills
payable June 30 1913. $313,303; equip. trusts 299.657. For year end. contracted for in Jan. 1913. will cost, it is estimated,$6,000,000 or $8,000,or 152.000.000 annually. See V. 96. p.135:
of
rate
the
$1,500.000
at
000.
June 30 1914, gross, $410,645; op. def., 811,382., In 1912-13, gross, $465,132; net, $43.280; int., taxes, &c. $123,265; bal def $79,985.In 1911- V.97, p. 1821; also Montana Power Co. ha V.96. p. 1017.
12, gross, $395,274; net, $15,321. Pros., Afbert..
P
Gross, $16.014,187: net. $5,375,336
T. Perkins,Prkins care St. Louis
EARNINGS.-2 mos.,(1914
Union Trust Co., St. Louis.-(V. 99. p. 1051.)
Gross. 15,993.470; net. 4.862.962
July 1 to Aug. 31. 11913
CHICAGO MILWAUKEE & ST. PAUL RV.-(See Map.)-Operates
ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is
from Chicago westerly to Seattle and Tacoma, Wash., with numerous bra.: held in Sept. Report for 1913-14 in V. 99, p. 811,831; editorial. p. 784.
11)11-12.
Miles.1 RoadMiles;
Road1912-13.
1913-14.
9,570
Second and third tracks
9,612
1.02d Average miles operated
Lines owned June 30 1914 (of
9.684
which 103 m,owned jointly)-9,681 Trackage (including 241 tracks)....371 Passenger earnings
$18,961,225 $18,457,136 216,568.864
65,266,420 67,964,161 55.796,065
HISTORY. &e.-Org. May 5 1863 and on Feb.11 1874 took present name Freight earnings
6,890,426
7,662,758
7.555,046
Chicago Milwaukee & Puget Sound Ry. (see map). forming Pacific Mail. express, &c., earnings
extension, was acquired in fee Jan. 1 1913, its bonded debt being assumed
$91,782,691 491.084.055 479,255.355
Total earnings
and the stock ($100.000,000) held alive merely as a muniment of title. V.
10,704,519 10,648,785 10,007.206
96, p. 62; V. 95. p. 1683; V. 97, P. 819. The road, which was opened Maintenance of way
13.871.986 11.475,529
Aug. 1 1909, now extends from Mobridge, S. D.. to Seattle and Tacoma, Maintenance of cars and engines_ __ - 13,112,978 36,960,185
34,383,610
35,760,191
Transportation and traffic
1,401 miles, incl. 28 miles from Black River to Tacoma, owned Jointly: Taxes
3,921,964
3,823,833
4,106.558
under
miles;
branches
250
July
construction,
546
1912,
completed
branches
1,388,839
1.403,012
1,752,373
miles. Other lines used Miscellaneous
m.; total under Chic. Milw. & P. S. mtge, 2,197
line
The
from
m.
Spokane
to
73
contract,
under
used
miles;
39
jointly,
Total
$61,177,147
$66,707,801
expenses
$65,436,619
Co.,
Nay.
&
RR.
by
-Wash.
built
Ore.
being
miles.
Marengo, Wash.. 65
Net earnings
$26,346,072 $27,376,254 218.078,207
is used Jointly. V. 99. p. 832.
133,582
174,748
260.483
Cascade Mountains, about 12,000 ft. Outside operations, net
The Snoqualine tunnel through the
miles.
V.
line
99,
3.6
p• 466.
long, will be opened early in 1915, shortening
Operating income
$26.606,555 $27,551,002 $18,211,789
sn. March 1912 acquired the Bellingham Bay & British Columbia Rail- Total net Inc., incl. "misc. (below) $30,081,656 231,523,541
In
$13,254,823 $11,438,141
to Glacier, B. C., 44 miles, with branches. Deduct-Bond interest
way. Bellingham. Wash.,
Hire of equipment
755,304
Also owns all stock of Tacoma Eastern RR.,Tacoma
Sm. V.94, p. 767.
Basis
paid
709.404
Rents
765,363
indeoperated
are
These
651.
92 m. V. 91. ri•
to Morton, with branches,
479947' changed.
585.184
of Indiana Harbor Belt Miscellaneous
pendently. In July 1911 acquired 20% of stock arrangement
8,112,219
8,109,206
Preferred
dividends
(7%)
with
Union
train
passenger
through
new
RR. In 1912 began
5,797,168
5,842.504
Common dividends (5%)
Pacific. V. 94. p. 697. On Jan. 21 1914 took over control of the Idaho &
Washington Northern RR. V. 97, p. 1821; V. 98, P. 386; V. 99, p. 833.
deductions
Total
427.292,183
428.557,081
$1,524,575 $4231,358
CAPITAL STOCK.-The pref. stook has a prior right over the own,stock Balance surplus
from net earnings In each year. but if not
"Miscellaneous" included in "total net income" in 1913-14: Int, or,
to a dividend of not over 7%
pro rata. bonds owned, $234,842; diva. on stock owned, $51,143; int, on other securearned it has no cumulative right. After 7% on cont., both share
ities, loans & accts., $2,065,328 ($1,886,818 in 1912-13): rents, 2402,547:
DIVS. since 1893-1'94.'95. '96. '97-'00. '01. '02-'11. '12. '13. 1914.
hire of equip., $272,636; other, $448,605 (against $1,509,792 in 1912- 13.)
5
5
5
6 7 Y'lY
% 4 2 4 5 y'ly
On common
7
7
7
vqy
7
7
7
7
y'ly
% 7 7
OFFICERS.-Pres., Albert J. Berlins, Chicago; V.-Ps., H. R. Williams,
On preferred
N.Y.;E. W.McKenna,J. H. Hiland,E.S. Keeley,E.D.Sewall and D.L.
an
is
1913
of
Mortgage
Refunding
BONDS.-The 99-year General and
bonds at Bush, Chicago, and H. B.. Earling, Seattle, Wash.; Asst. Sec., C. B. Ferry'
the
but
amount,
specified
any
to
limited
not
and
mortgage
open
E. W. Adams.
outstanding stock, now N. Y.; Treas., F. G. Ranney, Chicago;
any time outstanding are limited to three times the
Sec.,A. J. Earling, Chicago; L. J.
Directors.-H. R. Williams, New York:
amounting to $232,623,100. When the amount of bonds issued thereunder
Petit. Milwaukee: J. Ogden Armour. Stanley Field. Chicago: Samuel Mcissues
further
$696.000,000.
reaches
excess
in
of
6%)
not
interest
(bearing
Roberts, William Rockefeller. Donald G.Geddes,John A.Stewart,Percy A.
must be limited to 75% of the cost of property placed under the mortgage.
including Rockefeller, Walter P. Bliss, Charles W. Harkness, John D. Ryan, New
The mortgage is secured by a direct lien on all the properties,
York.
N. Y. office, 42 Irway.-(V. 99, p. 466.811.831.)
properterminal
owned,
jointly
miles
about 9,322 miles directly owned. 102




MAP OF THE

CHICAGO & NORTHWESTERN

New Rockford
Sykesten

0

RAILWAY SYSTEM.
•14%4
o

nesota

•
Edgemont, c..

SEATTLE
.TACOMA

SPOKANE

Anaconda

eK.
PORTLAND

Alonternil
Ban Luis Onnii,
Santa Barb.,
LOS ANSeLE
SAN DIEGO
Y4''




0.

&la City

SaNOCE CLNIV SXDOIS

ImissmosChIcago & North-Westem Railway
mocieChicago St.Paul, Minneapolis &

37

RAILWAY STOCKS AND BONDS
Miles Date
d Bonds
Ro,

ChIC & N West (Con).vo&r
0 & NW St bds of'79 ($15.000 p m)red-10b.F
Un.zo•&r
Sinking fund debentures1933
Un.zo•&r
Chicago & North Western 30-year deben _Un.zo&r
0& NW Ext 4s $20,000.000 420,000 p .mi
-Us.xe&r
Gen gold bond 111 $165.000,000xregistered__
do
do
do
x and y o•
do
do
do
do x and y registered__
do
do
230)_F.xe•&r
p
88.
(V
au
g
If
1111w & State line let
xedtr*
St Paul East Or Trk let M g gu
ylyF.rc*r
0 & N W equip tr 1912. Ser A.5300.000
z
YrlY
do ser. BE300,000 coo text___F.ze*
do
do sea'. 0 $400.000
do
Assumed
Bonds
Line
Branch
per mileF.zo•&r
Boyer Valley fly 1st M g $16,000per mile.F.zo•&r
Minn & /a Ry 1st M gold $16,000
seder
$416.000-F
gold
If
1st
Ulm
Mankato & New
12.100.000 gold_F.zo&r
Princeton & Northw 1st M 12,125.000 gold_F.zo&r
M
1st
Northwest
&
Peoria
At gold $4,000,000 _F.zcdtr
Sioux City & Pacific 1st
F.zo•
M gold $528,000 Mg __Foe
Minn & So Dak jetNorthwester
&r
n 1st
h
Minnesota
Iowa
Fxc•do•
gm
315.000.000
g
M
1st
W
Mil Sparta & N
F.xc*Scr*
$2.500,000M
Des Plaines Valley By let
g go(V88. p230)F.z0•der
ManIt Or Bay & NW ist 1.1(V
97, p 1203) --F.yer*
St L P & N W M g guar
per mile assumed-z
Frem Elk& if V eons M 525.000ock.
14,000 000_ _
LouisRR-St
St
&
Peoria
Chicago
.Eq.xci
10744
at
Prior lien NI g call
gold red text_ _ _x
Gen and refunding Id $15.000,000
MC.xe
text
red
gold
II
-let
Ind
Chic Rh,&
tr M $75.000.000-Ce.x0•&r
Chic R I & Pac RR-Collby
C R I & P Ry).V 97.p 594
Bonds S7.500.000 !held
(375.000.000)Chicago Rock Is! & Pacific Ry-Stock
First M Chic, III., to Couno Bluffs & branches Usz.c•
General mortgage 1100.000,000 gold_--. _ Ba.xo• hr
10114xCe.o•
Coll tr Mg Ser M to P due yearly red1911-Ce.xo•
der
Ref M $163.000,000 gold red 105 to
1914
held:
d135.000:
July
fund
sinking
addition,
In
510_000.
r
Innt1
stnklmr
In
ail
n
,. t7A rion•

1.041 1879
___ 1891
-__ 1891
1886
5,047 1897
5.047 1897
5,047 1897
5,047 1897
50 1906
51 1913
..-- 1912
-__ 1912
--- 1913
90
119
26
105
85
125
33
195
in
--114
115
1.170

Par
Value

Amount
Outstanding

Ma
foR.R.R.
p
RRRR
qqii
PPWWPEP0000....
0l
PFPW§Rigi
14.
ocret1.8
5non o ono on 00nn0.—*00a0
oo
o oo

RAILROAD COMPANIES
(For abbreviations, &c., see notes on first page. 1

Rate
%

When
Payable

•
Last Dividend Places Where /Merest and
Dividends are Pat/oohs
and Maturity

A & 0 Oct 1 1929
111.104.000 5 AS
M & N May 1 1933
5
9.695.000
A 15 & 0 Apr 15 1921
5
89.819,000
F 15 & A Aug 15 1926
4
h17.670.000
m 308270001 34gI1 & NNov 1 1987
1 344 g Q-F Nov 1 1987
1.1 & N Nov 1 1987
4
m30554.000
4
(J-F Nov 1 1987
344 g .1 & J Jan 1 1941
2.500.000
& J Jan 1 1947
.1
434
1,120.000
444 J & J July '15-1922
2.400.000
454 A & 0 Oct'15-1922
2.400.000
414 J & J July '15-'23
3.600.000

1898
1899
1899
1901
1901
1901
1900
1900
1912
1912
1906
1913
1883

11,440,000
1,904,000
p416,000
n1,940,000
2,125,000
03,926,000
528,000
3.900.000
15.000,000
2.500.000
3.750,000
r9,981.000
7.725.000
4.000,000

314 g J
334 g .7
314 g A
3)4 g J
3)4 g II
334 g F
3)4 g J
344 g J
If
4g
434 M
3)4 g J
5g J
A
6

&
&
&
&
&
&
a3
&
&
&
&
&
&

D Dec 1 1923
D June 1 1924
0 Oct 1 1929
J Jan 11026
S Mob 1 1926
A Aug 1 1936
1 Jan 1 1935
J Jan 1 1935
S Mob 1 1947
8 Mob 1 1947
J Jan 1 1941
J July 1 1948
0 Oot 1 1933

Co's office, 111 Broadway
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Farmers L & Tr Co. N Y
do
do
do
do
Co's office, Ill Broadway
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

'14 coup not paid
2.000.000 4% g M & S Mch 1 1930 Sept
ikto
i
June 1914 coup not paid
-------2.000.000 See text. J 'Sr D 30 years
Loan & 'Pr Co. chi
Melon
1951
(1
Oct
1
&
510.000 5 g A
-__
May '14 coup not paid
4 g M & N Nov 1 2002
.... 1902
71.353.500
1
S
1917
Sept
&
SI
5
7.500,000
1913
--N Y
74.877,200 See text. Quar Dec 31 '13 1i First Nat Bank, do
_ ...,„
•
do
J & J July I 1917
6
765 1877
12.500.000
do
do
1088
Jan
&
1
J
g
J
4
61.581,000
2,396 1898
NY
Bank,
National
M & N May 1915-1918 First
4g
5.976,000
___ 1902
do
do
4 g A & 0 Apr 1 1934
99,936.000
Text 1904
1160.000:
n
hand):
on
00: k 1202 500: m$ 489.000 (also $t.173.000
g 1181.000;
W

OCT., 1914.]

Directors -Marvin Hughitt (Chairman), W. K. Vanderbilt, F. W. VanM.& St. P. By.
CHICAGO MILW.& PUGET SOUND RY.-See Chic.
M.Depew.James Stillman,James
atee an im- derbilt, Harold S. Vanderbilt, Chauncey
Map.)-Oper
-(See
RV.
WESTERN
NORTH
C. Fargo, W. K. Vanderbilt Jr., N. Y.; Cyrus H. McCormick, Chauncey
CHICAGO &
Ill., with Omaha, Neb.: St. Paul, Keep, John V. Farwell, Wm. A. Gardner. Chicago; H. C. Frick. Pittsportant system of roads uniting Chicago.
Dakota, Nebraska, &c., and with the burgh, Pa.: David P. Kimball, Oliver Ames, Boston; Zenas Crane. Dalton
Minn., with the great wheat belts of
miles July 1 1914,viz.:
1213.)
Maas.: Homer A. Miller. Des Moines,Iowa.-(V.99,9. 810,827,
mining regions of Michigan and the Black Hills,8,095
from Pekin to
Miles.
Miles.
CHICAGO PEORIA & ST. LOUIS RR.-ROAD.-Owns
feein
Road owned
to
Madison
miles;
2
39
Madison.
Nor
West
(leased)
&
Riv
to
City
James
City,
ill.,
180
Granite
Granite
miles;
7,945
Main lines. &o
77 Bridge Jot.. 3 m.; Havana to Jacksonville, III.. 42 m.; branch. Lockhaven
Sundry trackage
Entire stock ownedto Peoria, 10 m.;
906]
Pekin
track
trackage.
(Second
2
235
m.:
total
owned,
8
to
m.:
Grafton.
Wolf River Valley
3 Also has large interest In Chic.
In Springfield, 1
m.; to St. Louis Station, 9 m.; total 25544 miles.
De Pue Land & East.(leased)._
St. Paul Minn & Omaha_ -1.753
24
Incorporated on Dec. 6 1909 as successor, per plan V. 89, 1:0• 985. of
(leased)._
Belle Fourche Valley
4
18 1912: possession taken Jan. 1 1913. V. 96. P.
Nov.
foreclosed
railway
Macoupin County Extension between Chicago and Pacific coast is main- 135. V.89. p. 1541. On
July 31 1914 Pres. Bluford Wilson of Springfield,
Through passenger service 93, p. 1667; V. 94. p. 697.
of New York were appointed receivers. V. 99. D.
Vetter
Ill..
and
William
V.
ained via Union Pacific.
2-cent fare suit July 1911. V. 90. p. 1675: Vin
342. Favorable decision
line (V. 75. 1086) organized in 1859.
HISTORY, &c.-A Vanderbilt
was merged, 93, p. 229; V.95,9.889.968.
St. Paul Eastern Grandp*Trunk, 56
-Sidney C. Borg (Chairman), J. N. BabLien
444s.
for
In Oct. 1912 the Plaines
Prior
Committee
789
m.. 96. p.
Valley By. V.95. p.419. 1039;V.
cock, 37 Wall St., Sec.; Eq. 'Pr. Co.. N. Y., depositary. V. 99.p. 673.
and in Mch 1913 Des
cora. stook 12.338.502. and of the pref. $3.434s.-Frederick J. Lisman (Chairman),
M.
&
Ref.
for
Gen.
Committee
CAPITAL STOCK.-Of the
treasury in July 1914. Pref. stock has prior and Alfred Shepherd: Graham Adams, 30 Broad St., Secretary; Bankers'
835. remained In company'sthen
classes
both
then
3%:
then
corn.
3%.
pref.
Trust Co., N. Y. depository. V. 99, p. 1312.
right to 7%:then corn. 7%:
Jan. 1910 subscribed for $30.502,650 common at
BONDS.-Of the Gen.& Ref. M. bonds (515.000000 auth.),$1.100.000
share. Stockholders in outstanding
bonds
to 5130.121.500. V.89. o. 1482.
bear only 3% interest for the first six years. For six years the new
Par. raising the amount
$4.018.700
stock.
owned
Line)
Short
to be subject to call at par on any int. date on 60 days' notice; thereafter
are
In July 1913 U. P. system (Oregon
Pacific pref. stock.
refund prior lien bonds
to
Union
reserved
1.500
be
will
owning$4.17
$2.000,500
Of
the
bonds,
10734.
at
company
the
The
voting power.
and $150,000 to aid in refunding and 510,000,000 for extensions, &c.
The consolidated stnktng fund bonds of 1915 have
V. 99. p. 118.
86-'93. '94. '95. '96-'99. '00. 1901. 1902-Oct.'14. coupons due June 1914 were defaulted.
for
DIVIDENDS1154,000
about
of
charge
annual
fixed
yearly
a
have
7
will
The company
yly 3 4 5 Fly 6 6
Common
about $15.000 by the
-8 Y'IYthe first 6 years, which will be thereafter Increasedexchanged
7 yearly
Preferred
for old cons.
bonds
new
the
on
:i%
to
4)4%
from
rate
In
increase
1175. The
in 1915 and later
BONDS.-General Mortpage.-See Abstract in V. 65, p.$131,645,00
0 Notes Is Car Trust Realization Co. for 5140.132 payable
Co., trustee);
authorized Issue is 1165.000.000 (U. S. Trustwhich
546,724,000 had been In installments out of surplus earnings.
op. def., $11,893
were reserved to retire underlying bonds (ofadditions
31,676,617;
and Improvements.
EARNINGS.-12 mos., J1913-14Gross,
for
retired to June 30 1914).1 and remainder thereafter.
1.697.792: net. $97,344
11912-13_ _Gross.
V.65. p. 1070; V.65,
July 1 to June 30.
H. W. Berger.
84,000,000 at once and 51.000.000 a year
Aud..
and
Sec.
1914 there were
Pres., Bluford Wilson, Springfield, Ill.;
571; V. 75,9. 980; V.88 p. 280, 563. In July
p,69.
673, 1213.)
' 4s outstanding and there held in the Springfield. Ill.; Treas.. G. J. Wilson.-(V. 99. p. 342,
$30,827,000 gen. 344s and 5'30,554,000
the trustee were $140,000
sinking funds $489.000 and due from
CHICAGO RIVER & INDIAN RR.-See page 141.
s and betterbonds. In May 1914 58,054,000 4s were sold for improvement
AD.-Incorporated In
gen. M. bonds, of
CHICAGO ROCK ISLAND & PACIFIC R I LI20
ments. Also applied for authority to issue $29,715,000
due in 1915, 1916 and 1917 Iowa on July 31 1902 per plan V. 75, p. 239. The entire capital stock
which $22,905.000 to be used to refund bonds
Co. The May 1914
(holding)
Island
and
Rock
1879
The
of
bonds
by
fund
owned
is
0)
sinking
($145,000,00
and $810,000 from 1915 to 1920 to retire
and improvements collateral trust coupons were defaulted because of the omission of the divi56.000.000 at not over $1.000,000 yearly for additions
(which see below). ForeRailway
Pacific
taxes
except
&
all
I.
R.
from
tree
Chicago,
the
are
by
generals
dends
from 1915 to 1920. The outstanding
trust mtge., set for Nov. 24, 1914. V. 99. P.
stamped "Federal in58.054,000 4s, which were sold in May 1914 and are80, P. 1489; V. 92. 13• closure sale under collat.
673. 1129. 1214.
come tax not assumed by Co." V. 91. p. 1385: V.
(J. N. Wallace. Chairman, C. E. Sigler, Sec.,
committee
A protective
117, 1178: V. 93, p. 1667: V. 98.9. 1459, 1536, 1608. 1993.
of bonds of this comCentral Tr. Co.. N. Y.,depositary) requested deposits
The sinkingfund bonds of 1879 are secured by deposit in trust of 115.000.immost
the
of the Railway. To Oct. 24, 1914. 528,442,000
lines
shares
subsidiary
minority
on
mile
of
per
pany and
000 of 1st M. bonds at $15,000
committee in
friendly
a
with
fund
$7,000,000
portant being described is "Supplement" of May 1894. Of the sinking
bonds had been deposited and
269,
bonds of 1879. $5,154,000 are 6s: the sinking fund Is at least 1% of out- Holland. V. 99, p. 815; V. 98, p. 689. 1392,1536; V. 99, p.
its
operation
through
and
which
are subject to call at 105.
standing bonds,
673, 815, 894, 1129.
communito
bondholders
those outstanding have been reduced from $15,000.000 to amount In table.
N. L. Amster of Boston in Sept. 1914 requested
The extension bonds of 1886 are secured by deposit in trust of ant mort- cate with him with a view to electing a committee to protect their interests
gage bonds at a rate not exceeding 520.000 per mile. Included in the collat- See V.99, p. 894.969,815.747. 1129. 1214.
Hall (Chairman),
eral July 1 1914 were $10.675.000 Fremont Elkhorn & Mo. Valley lets and
Holland committee for collateral trust 48: A. E. Van& Zonen, Keizers$2,560,000 Wyoming Central lets (consolidated with F. E. & M. V.). do.
J. D. Lantilhano, Secretary; address, care H. Oyens
first
on
&
1,170
lien
haves
The Fremont Elkhorn
Missouri Valley console
gracht 279. 281, Amsterdam.
miles (Fremont. Neb.. to Deadwood, S. D.. 557 miles, and branches to
bondholders' committee in
PLAN.-The plan issued by the Wallace
and
Hastings. Albion, &c.. 613 miles); but besides the amount of issue given as
provides for foreclosure of collat. trust
outstanding in the table. 810.675,000 (along with $2.560.000 Wyoming Oct. 1914 (V. 91,, n. 1129)
at foreclosure sale and, if
stock
pledged
the
of
Central firsts, a F. E. & H. V. Issue) are held as part collateral for Chicago purchase by committee
deposited
the
of
distribution
the
practically all of the bondholders assent,
& North Western extension bonds of 1886.
the bondholders. The plan does not deal
In Feb. 1912 sold 515.000.000 Milwaukee Sparta & Northwestern Ry. 1st Railway stock, pro rata among
the financial requirements of the Railway, owing to existing
M. bonds, guar. p. & I. (and assumed in April 1912), and the property em- in any way with
bracing terminal facilities at Milwaukee and important cut-off on line to financial and business conditions.
under the
Assenting bondholders upon payment of pro rata expenses
Duluth, 179 miles of road in all, merged in C. & N. W. V.94. n. 416. 1056.
the
present Railway Co. stock. If lees thanalso
1185. In Jan. 1913 sold $2.500,000 Des Plaines Valley Ry. (assumed plan will receive (I) par in the bonds
must be made
provision
a.ssent,
of
amount
outstanding
entire
444s,
guar.
Ry.
Trunk
Grand
St.
Paul
Eastern
$1,120.000
and
Mch. 1913)
proceeds
the
of
share
their
of
bondholders
to
for
non-depositing
payment
and in Oct. 1913 310,000,000 St. Louis Peoria & North Western Ry. guar. of sale.
This amount will be charged pro rata against depositing bond58 (assumed). V. 96. p. 201, 789; V. 97.p. 1203; V. 98. P. 999: V. 99,
their
holders3who will on payment (as well as of expenses) receive also (2)excess
p. 829.
may sell the
equipment notes pro rata of excess stock. The committee, however, bondholders
In 1912 permission was granted to issue $10.000,000
will be
depositing
in
case
meet
which
the
to
stock
payment,
to
In
issue
Dec.
1912
and
Dec.
1912)
issued
$6,000,000
which
(of
of 1912
only to meet the expenses under the plan. Depositing bond
MD 000,000 equip. notes of 1913. of which $4,000,000 sold July 1913, due requiredwill
also receive (3) a certificate entitling them to their deposited
$400,000 annually. V.95. p. 1402. 1541,1745; V.96. p.201: V.97.p.364. holders
bonds
when
stamped to Indicate the payment of amount credited thereon
EARNINGS.-For 2 months ending Aug. 31:
the
of
of pledged stock and therefore of little or no value.
out
proceeds
Bal.. Sure.
Charges.
Net.
tentative planof June 1914 (now abandoned) was in V.98, p. 19192 Months- Gross Income.
52.740.250 V.The
11,832.133
14,572,383
515,740,894
747,
815.
894, 960, 1129).
90,
p.
1914
2,865.200
1,719.876
4,585.076
16.116.439
1913
CHICAGO ROCK ISLAND & PACIFIC RY.-(See Map Rock Island CO.;
REPORT.-The annual meeting is held the third Thursday in October. pages 110 and 111.)-The system extends from Chicago, III_ via Omaha.
Report for 1913-14 at length in V.99,p. 810,827;editorial. p.861.
Neb.. to Denver and Colorado Springs, Cm., and, via Kansas City, Mo.: to
1911-12.
1912-13.
1913-14.
Operating Revenues
Rosa, New Hex., there connecting with the lines of the El Paso &
7.859 Santa
7,974
8.071
Average miles operated
W. RR. Co. and forming with them and the Southern Pacific a through
S.
$53,989,476 154,661.588 546.691.540 line to the Pacific Coast; also from Tucumcart. N. M., to Memphis, Tenn.
Freight revenue
19,555.567
21.540.543 20.557.623
Passenger revenue
to Fort Worth, Tex., on the south and on the north to Minneapolis
7.451.484 and
7.816,709
8,147.032
Mall. express. do
Minn.. and Watertown. S. D.. with numerous branches. viz.:
in Fee (5.371Mfles). Mlles.! owned in Fee (Concluded)- Miles
Owned
$83,677,051 $83.035,921 $73,698.591 Chicago, Iii. to tot. Spgs.. Col_1,063 Glen Rio, Tex.(Tex.-N. M.State
Total operating revenues
520.922.766
524.660.769
122,925.730
line) to Tucumoari. N. Id
42
income
to Terra'. Okla. 708
Total net
1,194,791 Davenport, Is..
1,194,268
1.265.867
Branch lines
Kan., to Texhoma.
Rents-debits
7.872.007 Herington,
8.529.266
9.239,007
Cap,.51k. all owned (1.780 m.)2
155
'
323
Interest on bonds, &a
Okla
388,637
262.212
315.186
Ia., to Minn'p,Minn. 308 Choc. Okla. & Gulf (leased)__ 967
Sinking funds and other payments
9.108.015 Burlington.
9,1(18.015
9,108,015
469
Dividends on common stock. 7%-Vinton, Ia.. to Watert'n. S. D. 376 Ch, R. I. & Gulf By
1,791,600
1,791,600
1,791,600
8%.__
stock.
preferred
on
Dividends
St. Louis. Mo.. to Kan. City, Mo-284 Rock Island, Ark. & La. RR- aao
Hex. State line) Rock Isl. & Dardanelle Ry
(New
14
Tex.
Bravo.
1567.716
51,206.055 53.775.408
Balance, surplus
Perpet. lease; treated as owned112
to Santa Rosa, N. Al
Peoria & Bureau Valley RR.Co. 47
OFFICERS.-Marvin Hughitt. Chairman; Pres., Wm, A. Gardner.
Chicago; V.-P., S. A. Lynde; Sec., John Davis Caldwell, Chicago; Treas..
Total mileage owned directly and through capital stook, Ac
7 198
Arthur S. Pierce, 111 Broadway, New York.




38

RAILWAY STOCKS AND BONDS

[Vol, XCIX.

artrOrd
lawtort
entow *arbor

1cTort

/I Ati over

seila

ow Rivera.

Nile.

Jonesville

el
,

e?
dn•RE
Gortien

Lakcylne

TSU;ec

WABASH

,..„..1111er.burg
.rto,

•

BA

•
4

'ShaltNyeare

Kers:Winne

Ohio
uburo

Aville
'
Ell rib

Columbi• City
tp,
Kowa.*

S.Whi:le

5,„

.Manchettet
Bolivar

ooy

'TA AY N
oP"

throt

AN
TES

untiuzton

7,
arrow

OF

K ingstand

Nrebalih

PITTS.

eel34

Vanweri

LAM

era

\

STOCK AND
o.o
Hook

VIEST'BI

,

Oxford

empletos

s•
Marlon

-111.SBEFIN

'Kokomo
LaNy•tut

Stallard CIS

rottNnd

lerton
Fairmount

ILL.

Attwa

6

Elwood
CLEV

CI

o.

C

WABASH

CHI. &

eav.

Slade

Sotith
Orteow
Fairland
Ennklin
Korth:Wait
Oreenaborg

lnaulloglon..•

A.

CB!. 6.0.
8alern

rineoton

New Alhany

.r/44e
MAP OF
flenderson




tvertaloore •

CHICAGO, TERRE HAUTE
AND

SOUTHEASTERN RAILWAY

OCT., 1914.1

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
iFor abbreviations. &c.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

39
Last Dividend Plates Where Interest and
Dividends are Payable
and Maturity

New York. London. &e.
Chicago Rock Island & Pacific (Concluded)5 g J & 1 15 Jan 15 1932
___ 1912 $1,000&c $20,000.000
Ba.xo•&r•
Debentures gold redeem 105
First Nat Bk. New York
1,000 1.905,000
5 g A & 0 Oct 1 1921
292 1881
guar-Ce.zo
Cedar Rapids / F & N W 1st mtge gold
First Nat Bank, N I(
1934
1
Apr
0
di
A
¢
1,000dco
5
11,000.000
1884
998
gold_Ce.zo•edr
ao
13 C R & Nor consol first mortgage
do
150,000
500 &a
7 g J & D June 1 1927
12 1877
_Fz
do
Minneapolis & St Louis 1st M gold (assumed)do
450.000
6
.1 & J July 1 1925
113 1885 1.000 &o
or Phil.
Rook Island & Peoria cons 1st hi (V 75. p 30):Mpz
do
1919
J
&
1
J
1894
Oct
1,000
g
351
5
5,500.000
¢_xo•&r
or Phil.
Choo 0 & G general(now 1st) M $5.500.000
do
1,000 3.525.000
5 g J & J Jan 1 1949
282 1899
assumed_GP.xe&r
do
Choo & Mem 1st /ii $3,750,000
do
&
1
July
J
1919
J
1899
1.000
g
-__
155.000
6
OP.xo•
(text)
red
do
L Rock Bridge 1st M assumed g
do
N
5
1952
&
1
M
1902
May
1,000
g
335
5,411.000
.
°PA°
Consol mtge gold
6
7,500,000
- 1914
Ba
or Europe
Two-year collateral notes red 102 105 Ba.xo•dor.
do
g
34
4
&
M
&o
S
500
1934
11.000.000
1
1910
Mch
308
rt IA & List isj $30,000.000 g gu red
Co's office, Chicago
4
J & J July 1 1939
1,000
453,600
--_ 1911
guar p & i __
Little Rock & Hot Spg West notes
New York and London
-__ 1911 $ & .6
434 g F dG A Feb 1 1941
10,000,000
gu red 105-Ba.10•&r•
St P & K C Short 1.-1st Mg
Equit Tr Co, NY; & St L
1007
$1,000
___
1927
1
o•
Jan
g
J
5
3,390,000
63
J
1st Mg guar jointly
Rook Island-'Frisco Term gold
First National Bank, NT
1,000
944.000
4 g J & J Jan 1 1037
1907
red_
---IC
jointly
guar
mtge
1st
Term
Peoria Ry Term
First Nat Bank, N It
___ 1911
434 g J & D Dec 1 1941
1,000 1.500,000
with C&AB
jointly
gu
g
M
ref
&
jet
Peoria Ry
Bankers Trust Co. N 'Y
M & S Mar 1 1938
1.000 1,051.000
6
--- 1908
with Col& S_Ba
Galveston Term Ry 1st Mg go itly
do
do
'17
1.000
1,625,000
-Feb
'15
F
1907
Feb
A
434
&
---Ba
338)
84.9
(V
semi-an
$325.000
Equip notes due
National Bank. NT
&
First
A
g
Apr
'19
1.000
0
'15-Oct
-__
434
2,650,000
1909
___Ce.xe
semi-ann_
de Ser C gold due $265,000
do
do
1,000 4,725.000
-_ 1910
414 g M & N May'15-May'25
(V 90, P 913, 1362)_Bax
do Ser D g $225.000 s-a
1.000
65.000
5 g J & J Jan '15-Jan '21 U S Express Co
x
1911
do Ser E g $5,000 due semi-annually
N I
Bank,
at
First
'26
1.000
288,000
g
A
&
'15-Aug
F
1911
Feb
--434
flax
P939)
do Ser F g $12,000 s-a (V 93.
do
do
1.000 4,420.000
434 g J & J Jan '15-July '27
--- 1912
Bax
do Ser 0 g $170.000 s-a (V 95p 1607) -Baxc.kr
do
do
3,969,000
'23
1:000
g
J
5
-July
&
'15
J
1913
Jan
-96.9
1772)
do Set Hg $441.000 atm (V
Bankers Trust Co, N I
1,000
225.000
--- 1905
43461 & JJan 1915
Rrimpt equip notes gu p & I last installment flax
do
do
1,000
560.000
434 g If & N May'15-Nov'15
-- 1905
flax
Ser B $280.000 s-a (V 93. p 939)
do
'Tr & Say Bk, 01111
First
1.000
1904
-_
'15-'24
1
_c•
Oct
¢
par_
0
500.000
5
&
A
red
yrly
Ch & R I Elev Mg gu due $50,000
Guaranty Trust Co. N 1
1,000 2,773.000
5 ¢ J & D June 1 1935
-- 1905
Consol Ind Coal let M g int gu red 110 s L.A.c*&r
Chicago St Louis & New Orleans-See Illinois Central,
.
100 18,559.087 7 In 1914 F & A Aug 20 '14, 334 Office 111 B'wai, N 1
- ____
Chicago St Paul Minn & Omaha-Common stock_ ___
do
do
11.259.9127 in 1914 F & A Aug 20 '14. 334
Preferred stock non-cum including scrip (see text)---------100
do
&o
do
910,000
¢
500
6
M
1878
177
&
N
ass'd_zo•
1918
1
May
C
St
L
to
Elroy
gold
Ch St P & Minn 1st M
do
1.000 6.070.000
de
607 1879
6 g A & 0 Apr 1 1919
St P & Sioux City 1st M gold $10,000 per mile_Ce.zo
do
do
1.000
576.000
80 1880
6
.7 63 J Jan 1 1930
Nor Wis 1st M Lake St C to near Spooner ass'dCe.zo*
do
1.000
do
350,000
5
M
1890
37
N
&
Nov
1
zo
1915
assumed__
Sault Ste Marie & Southwestern 1st DI
1.000 1,500.000
5
Id & S June 1 1930
-- 1895
Superior Short Line 1st M $1,500.000 ass_ lin.zo•
do
1.000
do
6
16.997.000
J
&
1880
D
--1930
1
June
•
Ce.zO
111)P
($15,000
0 St PM & 0 M $30,000,000
do
do
1.000 3.734.000
-__ 1880
334 J & 13 June 1 1930
consols interest reduced._ _ _
do
do
do
do
5 ¢ If & S Moh 1 1930
--- 1912 1.000 &c 9,200,000
Cexo*dcr•
Debentures gold $15,000,000 auth
CHICAGO ROCK ISLAND & PACIFIC RY.-(Concludeti).Leased Lines (see statement for each). Keokuk & Des Moines Ry.. 162_ 5
26
22
L
m.: White & Black River Valley By. Co., 62 in
Trackage: Denver. Pueblo, Kansas City, $to
8.048
Total mileage June 30 1913
As to Trinity & Brazos Valley By., see that co. and V. 98, p. 1921.
deposited
was
stock
capital
$74,877,200
the
of
-$71.370.900
HISTORY.
in 4%
per plan V. 75, p. 239. each 8100 stock being exchanged for $100
bonds of Ch. R. I. & Pac. Railroad and $70 pref. and $100 corn, stock of
those companies.
"Rock Island Company," See
I. Sz Pac. RR. Co.
Financial Plan.-The plan referred to under Ch. R.
for the distribution of the Railway stock
above (V. 99, p. 1129) providesbondholders
after foreclosure of the collat.
among the C. R. I. & P. RR.deal in any way
with the financial requiretrust mortgage, but does notto existing financial
and business conditions.
ments of the railway, owing 1919) calling for the
elimination of the two
p.
98,
(V.
plan
tentative
The
new money by the issue
of
raising
630,000,000
the
holding companies and
of the Railway Co., was abandoned in July 1914.
of 7% non-cum. pref. stockof
the underwriting syndicate. Reports giving
owing to the withdrawal
estimate of financial requirements, V. 98, p. 762, 1536, 1609; 17.99, P. 269.
'07.'08. '09. '10. '11.'12. 1913. None
'06.
DIV'S-11903. '04. '05.
since.
5
Per cent_ _j• 734 831 7.88 6 531 53a 531 434 63(531
BONDS.-Of the general 4s of 1898.thoseunissued are available as follows:$16,900.000 at not over $1,000,000 per annum for permanent improvements and additions. Incl. equipment; Bankers Trust Co.. N. V. and Benj.
Strong Jr., trustees. Abstract, V. 66, p. 522: V.78. p. 228; V. 80,p.272.
The collateral trust gold 45 of 1902 ($24.000,000 authorized) are secured
by deposit of all stock of Choc. Okla. & Gulf RR. V.74,D.775,829.936. 1356.
REF UN DING 4% BON DS OF 1904 ($163,000.000 A UTHORIZED ISSUE)
A 1st lien (either directly or through pledge of entire issues of bonds of the
companies owning the same) on terminal property in St Paul, Minneapolis
and Kansas City,new equipt and shops at Silvis, near East Moline,III ,and
on railways aggregating 1,158 miles; also a junior lien subject to existing
mortgages on all the other lines of the system of the Railway company,aggregating, exclusive of leased lines and trackage. 5,683 miles. See V 78.
p 98.
P 228. 234; V. 79. p 1716, 2206; V 84, p 219. Vin85,
June 1913, $35,806,000
Of the $99,936.000 of these bonds outstanding
had been issued for refunding purposes, 615,000.000 to reimburse treasury.
$24.130.000 for acquisition of property or securities and $25,000,000 for
Improvements. Of the remaining $63.064.000 bonds authorized, $46.219.000 were reserved for underlying bonds. $13,500.000 to pay for 75% of
the purchase price of bonds of other cos. and the $3.345,000 balance for
Improvements and acquisitions of other properties or securities. V. 87.
p. 1089, 1419; V. 88. p. 623. 822; V. 89. p. 666; V.90. rl. 108, 236. 1170.
1424; V. 91, p. 1766; V. 92, p. 1031, 1310* V. 93. p. 1667, 1785.
The $20,000.000 20-year 5% debentures'
of 1912 were sold to provide for
terminal properties at Omaha, new terminals and a bridge across the Mississippi River at Memphis, various additions and betterments, and to pay
at maturity securities falling due. No new mortgage shall be made without
securing debentures equally thereunder. V. 94, p. 206, 278. 1448.
The V.500,000 6% collateral notes dated Feb. 16 1914 are secured by
deposit of $9.989,000 Chic. R. I. & Pac. Ry. First & Ref.M.4% gold bonds,
21,780,000 St. Paul & Kan. City Short Line RR. 1st M.434% gold bonds
(guar. prin. & int. by the Chic. R. I. & Pac. Ry.) and $1.965,000 Rock
Island Arkansas & Louisiana RR. 1st M. 434% gold bonds (guar. prin. &
int. by the Chic. R. I. & Pac. Ry.). V. 98, p. 999, 1070.
Peoria Ity. Terminal 1st 4s ($1,500.0))0 auth.i. guaranteed jointly with
Chicago & Alton. are subject to call at 10234 after July 1 1916.
159.
As to Chlo. R.I. & Pao. Elevator mtge.. see V. 79. p.2590; V.82,750
V.85.P.
As to Consol. Indiana Coal Sfl, interest guar., see V. 80. p. 2401, 2623;
form of guaranty. V. 82. p. 1499. Rook Island-Frisco Terminal Ry. 5s,
guaranteed lointly. V.84. p. 569. 748.
In Juno 1914 the Rock Island Omaha Terminal By.. whose stock is all
owned, was authorized by the Nebraska RR. Comm. to issue $600,00
20-year 5% gold bonds to cover cost of land required for new terminals
to be built in Omaha. V. 98, p. 1994.
ROCK I. ARK.& LA. 1ST M.4145, GUAR.P.& I.. $30,000,000 A UTH.
Secured by a direct first lien on 308.42 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 exreedMg $30,000 per mile, and $9.000.000 at cost of additions and betterments to
properties. exclusive of equipment, on which the mtge. Is a first
also
V. 90, p. 626, 699. 1161. The $453,000 R. I. Ark. & La. notes are lien.
guaranteed by C. R. I. & P. V. 93. p. 345. 469.
LINE
M.
I.
&
1ST
P.
SHORT
434S
CITY
GUAR.
KANSAS
ST P &
Of the bonds, the $10.000.000 sold Feb. 1911 are secured by a direct first
also
and
by
on
formerly
road
of
m.
owned
3.14
miles
Des
126
about
on
lien
Moines Western Ry., and by 67.65 miles from Ailerton, Iowa., to Carlisle.
completed July 1913. Of the remaining bonds, $10,000.000 are reserved
at par for new mileage at actual cost and $10.000,000 at par for actual cost
or additions and betterments on first lien properties. V. 92. p. 526, 593;
V. 93, p. 1196, 1259; V. 94. p. 1056; V. 97. P. 236, 1114.
Capitalization per mile June 30 1913: Stock, $10,420; bonds, including
equipment trusts. $35.818.
EARNINGS.-12 mos.,11913-14_ _Gross,$68,208,113; net,$17,208,167
July 1 to Juno 30. 11912-13__Gross, 71,364,935; net, 18,860,833
REPORT.-For year 1912-13. V. 97. p. 1019, 1041: edit.. is. 984.
1911-12.
1910-11.
1912-13.
Year ending June 308,036
8,026
8,048
Average miles
871.364.935 864.712.853 868.487.473
Total operating revenue
$15,914.395 815360,044 $16.723.139
Operating income (after taxes)
16.944,190 15,887.289 16.098.616
Total net income
11.885.835 12.036,892 11,465,902
Interest and rentals
Dividends
(5)3.743.525(5)3.743,760(534)3.930,948
Balance, surplus




$314,830

$106.636

OFFICERS.-Chairrnan, T. M. Schumacher: Pres., IT. U. Mudge: 1st
V.-P., J. E. Gorman; 2d V.-P., A. C. Ridgeway: 3d V.-P., John Sebastian:
V.-P., Edward S. Moore; Sec. & Treas. Geo. IT. Crosby, Chicago; Sec. &
Asst. Treas., J. J. Quinlan. N. Y. office, Bankers Trust Bldg.-(V• 98.
p. 1920. 1993; V. 99, p. 195, 269, 342, 815, 1129.)
CHICAGO ST. PAUL MINNEAPOLIS & OMAHA RY.--(See Map Chicago & North Western.)-ROAD.-Elroy. Wis.. to Omaha. Neb.. 593 miles;
other lines. 1.160 m.; total, July 1 1914. 1.783 miles, of which 1,683 are
owned and 70 miles leased. V.69. p. 1147.
HISTORY.-This was a consolidation July 1880 of the Chicago St. Paul
& Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November 1883 Chicago & North Western Ry. purchased control:
viz.. 69.320.000 common and $5.380.000 preferred.
STOCK.-Authorized common. $21,403.293; preferred. $12.646,833.
Held by the company June 30 1914. common stook and scrip. 62.844.207:
preferred stock and scrip. $1.386,921. Preferred stock has a prior right
to non-cum. dividend of 7%, but corn. Is never to receive more than pref.
DIVS.'93-'96. '97. '98. '99. '00. '01. '02. '03. '04. '05-'13. 1914.
Common ____ 3 None 2 2 334 5 5 8 6 6 7 Y*137 334.334
Preferred % J
7 per annum (334 F. & A.)
BONDS.-In April 1911 the $1.500.000 Superior Short Line Ry. 5s held
in the treasury were sold. V. 92. p. 954. 1310. Ch. St. P. & Minn. 1st 6s.
due 1918. and North Wisc. 1st 65, due 1930. are exchangeable at option of
holder at any time. $ for E. for consol. 6s. V. 68. p. 521: V. 77. p. 2389. In
Feb. 1912 sold 55,000.000 5% debentures, in May 1913 $2,500,000 and in
Mar. 1914 $1,700,000 under a debenture agreement providing for $15.000.000. Any increased mtg. (except for extensions) must secure debentures.
V.94, p. 278, 487. 1316; V. 95, p. 812; V.96, p. 1421, 1556; V.98, p.386.
EARNINGS.-For 2 months ending Aug. 31:
Charges. Bal., Surp.
Net.
Gross Income.
2 Months$529,022
$459,104
$988,126
$3,289.313
1914
228,087
428,942
657,028
3,028,072
1913
REPORT.-Year ends June 30. Report for 1913-14 at length in V.
99. p. 810, 829.
1911-12.
1912-13.
1913-14.
$17,992.371 $16.993,005 815.135,426
Total operating revenue
12,632,571 11.887.461 10,466.216
Operating expenses

35,359.800 $5,105,543 84,669.210
Net operating income
$4,636,089 $4,504.272 84,122.304
Total net income
1.649,029
1,826,264
2,052,902
Interest on bonds
Rentals and miscellaneous
1.298,934
1,298.934
Dividends on common stock (7%)_-- 1,298,934
787.976
787.976
787,976
Dividends on preferred stock (7%)__
def.$2.307
sr.$192.023
def.$65.295
Net surplus for year
-(V. 97. p. 800. 881: V. 98. p. 386, 838, 999; V. 99, p. 810. 829.)
CHICAGO TERRE HAUTE & SOUTHEASTERN RV.-(See Map.)
Owns Chicago Heights, III., to Westport,Ind..290.57 m.; Blackhawk to Sulin.;
48.94
branches,
0
m.:
livan. Ind.. 18.52 in.; Bedford to Oolitic. Ind.,4.19
tracktrackage Blue Island Yard to Chicago Heights. Ill., 12 miles;
30 1914.
age to Union Depot, Terre Haute, Ind., 30 miles; total June
to
successor
as
361.57 miles. Incorp. in Indiana and Illinois in Nov. 1910
the Southern Indiana Ry. and the Chicago Southern Ry.(both foreclosed),
59).
p.
92.
(V.
1911
1
Jan.
taken
per plan in V.91, p. 337, 333. Possession
made 99Has also acquired the Bedford Belt Ry. In 1913 (after June 30)
miles
year lease with the Bait. & Ohio Terminal RR. for use of 12.47
Switch"Chicago
through Chicago Heights north to Harvey Junction in the
ing District."-V. 97. p. 1110.
STOCK.-The $4,300,000 com, stook, except shares necessary to qualify
directors, have been placed in a voting trust until Dec. 24 1920. unless
sooner terminated, as provided In the agreement. Roy C. Osgood. Frank
F. Taylor and Geo. A. Jackson. voting trustees.
BONDS.-The now "first and ref." M.is a first lien on about 127 miles
and a second (consol.) mortgage on the remaining 232 In. owned. V. 91.
p. 337; V. 92. p. 596: V. 94. P. 1118.
Purposes .for which $20,000,000 First and Refunding Bonds were Issuable.
V
7:0
200
7;88
86
Issued under plan (of which $1,845,000 pledged for loans)
Reserved to retire So. Ind. Ry. and Bedford Belt 1st M. bonds
Reserved under careful restrictions for extensions, additions, improvements, acquisition of sub-company stock and bonds. &c_ 5,913.000
The income bonds dated Dec. 1 1910, 36,500,000, bear Interest from
Dec. 1 1912 at 5% per annum from net earnings (determined as provided in
the mortgage), payable if earned, but cumulative to extent not paid. The
incomes have at all stockholders' meetings one vote for each $100 par value,
the condition and manner of casting such vote being fully stated in the mtge
Div. on incomes. 1%, semi-annually paid Sept. 1911 to Mar. 1913 incl.;
Sept. 1913, 131%; Mar. and Sept. 1914, none. V. 97, p. 298.
Loans secured by $1,845,000 "First and Ref." bonds. $1.380.000.
EARNINGS.-For 2 months ending Aug. 31 1914, gross, 6388,944,
against $326,673 in 1913; net, $121,893, against $74,151.
REPORT.-For year ending June 30 1914 in V. 99. p. 1048, showed:
1913-14.
1912-13.
91 - 4.
1912-13.
Gross earns__$2,162,058 $1,929,552 Taxes and rents_ _$162,985 $127,608
427,921 Fixed bd..&c.,int_ 646,653 542.560
Net earnings- 386.129
490.352 Income Int.
Hire equip.,Stc 474.794
(231)131.778
860.924
918,273 Balance, surplus_ 51,286 116.327
Tot, net 1nc_
419; V. 97, p. 298, 1024, 1110; V. 99 p. 894, 1033.)
OFFICERS,&c.-Pres., M.J. Carpenter; V.-Pres., E.K.Boisot; Treas,.
F. J. Lawlor. Directors: M. J. Carpenter, E. K. Boisot, Chas. Porter,
J. S. Field, A. W. Howard, F. 0. Wetmore. John T. Beasley.-(V• 96. P.
419; V. 97. p. 298, 1024, 1110; V. 99. p. 894. 1048.)
CHICAGO UTILITIES CO.-Incorporated in Maine April 9 1912 to
succeed (per plan V. 94. p. 938, 939. 1386. V.94. p. 350) the Illinois 'runnel
Co. and Chicago Subway Co. foreclosed. V. 94. p. 911. 1056, 1118; V.96,
$1.511.766 P• 652, 1089. Reorg. per plan of Oct. 2 1911 (V. 93,p, 938,939. 1386.).

40

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[Pot abbreviations. &c.. see notes on first page]

Miles Date
Road Bonds

Chicago Terre Haute & S E-Stock
z
4 1898
Bedford Belt first mortgage, not assumed
228 1901
Sou Indiana let M g (see text) not assumed..013.zo•
IC.xo•&r.
859 1910
1st and ref M $20,000,000 g call 107Si
___ 1910
Income M *6.500.000 call par (cum aft-2 yrs)--FCx
___ 1913
x
Equipment gold bonds due $40,000 semi-ann
do
do
(locomotives)
Chicago UtilitiesCommon stock $22.500,000
Pref stock 5% non-cum $30,500,000
jet m see A g red par $20,000,000_Usm.xc*&r8
___ 1912
do Ser B g red par $4,000,000____Usm.xc*&r*
___ 1912
Chicago & Wabash Valley Ry-See Chic. Ind. & Lou isville
Chicago & Western Indiana-Stook (see text)
General mortgage gold sink fund subjto call 105-xo*
48 1882
Cons M $50,000..A)0_
IC.x0•&r•
g
___ 1902
First and ref M 4200.000.000
Ba zcs di r5
1912
3-year interim notes seed bylst do ref M red -102 Si x
___ 1912
$6,000,000
do
do
do
1914
Chicago & West Michigan-See Pere Marquette RR
Chicago Wisconsin & Minnesota-See Wisconsin Cent
Choctaw & Memphis-See Chic Rock Isl & Pao By
Choctaw Okla & Gulf RR-See Chic Rook I & Pao By
Cincinnati Dayton & Ironton-See Cincin Ham & Day
Cincinnati Find & Ft W-lat M g guar end red_N.o•
91 1903
___
Cincinnati Hamilton & Dayton-Common stook
Pref,5%(remitin'g $7,751.425 cancelediV 91 p 1111112)
___
Second (now first) mortgage gold
Fxo•
59 1887
General mortgage $7.800.000 gold
Me.xo•
59 1892
Cincinnati Dayton & Chicago first mtge gold_Nx
95 1892
Cm n Day & Ironton 1st M g guar (assumed) Ce.xo•
167 1891
Cincinnati & Dayton 1st mortgagej All
1--13 1887
Toledo Findlay & Springfield lst M_ I owned f _-_
14 1889
1st & ref M $75,000,000 mall. part gu_Bax.o;dor•
All 1909
$20.000,000
redeemable text _Ce.x
General mortgage
All 11909
Car trusts gold $54,000 due s-a begin Oct '06.Ce.xo
-_ 1905
Car trusts Ser A due $116,000 semi-ann
Ba.x
- __ 1910
Ind Dec & W 1st M gold redjnot guaranteed_ _Cex 1 262 11895
1guar p & I (end)..xc 1
at 110
11895
$19,000
In
treas. and $6.9 94,000 coil,
b Incl. June 30 1914.
moneynotes which were purchased at maturity by B. & 0.

Par
Value

Rate
%

When
Last Dividend Places Where Interest and
Payable and Matu fly
Dividends are Payable

$100 $4,300,000
250.000
5
J & J July 1 1938
7.537,000
4 g F & A Feb 1 1951
4.355.000
5 g J & D Deo 1 1960
1st Nat Bk, N Y or Chc
6,500.000 Sp13.1 Si See text. Dec 1 1960
do
do
680.000
To Apr 1 1923
5
do
do
90,000
5

1.000
1,000doo
100 he

1,000 &c
1,000 &c

18,794,000
30.475.000
5,999.900
5g A
4,000,000 See text

100 5.000.000
1,000 5,824.000
1.000 he 43,948.000
1.000 he See text
1.000 he 10.000.000
3,000,000

6
6g
4g
5

& 0 Apr 1 1942
Apr 1 1942

U S Mtg & Tr Co. N Y
do
do

Q-M 31june30'14,134% Chicago
Q-M Dec 1 1932
J P Morgan & Co. N Y
J & J July 1 1952
III Tr & S Bk.Chlo; &NY
M & S Sept 1 1962
J P Morgan & Co. N Y
id h S Sept 1 1915
do
do
14 months

.1,000 1,150.000
4 g id & N Nov 1 1923
3 P Morgan do Co, N I'
100 8.000.000 See text
Text Dec 24 1903 2% Cincinnati
100
248,575
1,000 2.000.000
4 Si gJ & JJan 1 1937
.1 P Morgan & Co, N Y
1.000 3,000.000
5 g J & 1)June 1 1942
do
do
1.000 1,200.000
4
A do 0 Apr 1 1942
do
do
1.000 3,500.000
5 g id & N May 1 1941
do
do
1,000
300.000
434 J & J July 1 1937
do
do
1.000
300,000
6
A & 0Oct 1 1929
do
do
$ & £ b16.190,000
4
1 & J July 1 1959
See text
c20.000,000 See textSee textJuly 1 1939
See text
1.000
162.000
414 g A & 0To Apr 1 1916 J P Morgan & Co. N I'
1.000 1,392.000
5
J ‘Ic D To June 1 1920 J P Morgan & Co. N Y
1.000 2.229,000
5 g I & J 1 an 1 1935
July 1914 coup not paid
1.000
933,000
5 g J & J an 1 1935
do
d
for temp orary loans , there is also $13 000.000/WWI tin derS11,557,000 purchase..
V.98. rt. HMI. c 52 9fsa non le tee..'1..uoi ot9re7 ma ,...1 i..o.....1e,.. t.,,,.„..."1......._

Company acquired (either directly or otherwise) all the cap tai stock and
mortgage notes of the Chicago Warehouse & Terminal Co. and the Chicago
Tunnel Co. (purchase of property of Illinois Tunnel Co.) and the Illinois
Telep. & Teleg. Co. The subsidiary companies own property free of incumbrances except certain mortgages held by the Utilities Co.
There is owned by subsidiary companies 60 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 Chicago, and to and
from the downtown business district and between business houses; see V.86.
p. 720; V. 87. p. 1357; also telephone system (established by the receivers)
with 8 exchanges and over 20,000 subscribers. Present capacity of exchanges
27.200 telephones. See V.93,p.938; V.96.p.652. In June 1913 application
was made to sell the telephone system to Chicago Teleph. Co. V.96. p.1700.
BONDS.-Of the 424.000,000 new let 5s. $20.000,000 Ser. A are superior
in lien to the $4,000,000 Ser. B,(5% non-cum. incomes for first 5 years.)
EARNINGS.-For year 1913: Gross, $789,207; operating expenses, including taxes, $871.413; op. def., $82,207; other income, 519,629.
Directors.-F. S. Peabody and Spencer Otis, Chicago; Samuel McRoberts and Irving T. Bush, New York; R. J. Dunham and C. W. Hotchkiss,
Chicago. Pres., C. W. HotchBoss; V.-Pres-and Treas.. 8. W.Tracy; Sec„
J.C.Payton. Chicago office, 754W.Jackson Boulevard.-(V.95. p.1118)
CHICAGO & WESTERN INDIANA RR.-(SeeMap.)-Ownsavaluable
terminal system affording entrance into Chicago to the roads named below.
Its lines extend from Dearborn Station, Polk St., Chicago. to Dolton, 17 in.;
also to Indiana State line, 10 m.; to Cragin, 16 m., and to South Chicago,
5 in.; total, 48
total track, Including 2d,3d, 4th tracks and sidings. 430
in.; also owns over 1,200 acres of real estate, passenger and freight yards.
warehouses, elevators, &o. The Belt By of Chicago leases and operates
259 miles of the 479 miles owned by the Ch. & W.I.. Its secur ties being all
held by cos. leasing Chicago & W. /.; see V. 60. P. 1058. See below.
In March 1912 seven additional roads, viz.. Atch. Top. & Santa Fe,Chic.
R. I. & Pac., Illinois Central (incl. Chic. Madison do Northern), Pennsylvania Lines, Chicago Burlington & Quincy. Minneapolis St. Paul &
S. S. M. and Chesapeake do Ohio. agreed to become lessees and part owners
and the terminals are to be greatly improved and enlarged. The Chicago
Union Transfer By. property (V. 73, p.1207) has been purchased for 54,400,
000, including a clearing yard 3(4 miles by a half mile, and 100 miles of
track and a capacity of 5,000 cars a day. Additional yards and tracking
will be provided as may be needed. The financing will continue to be done
through the Chicago & Western Indiana, and the property leased to the
Belt By. The existing leases to the trunk lines were readjusted so that
the rentals thereunder shall be equal to the interest at 434% on
814,000,000.
the value of the old Belt Co. property.
$4,400.000 cost of Chic. Union
Transfer By. and interest on $996,000plus
consol. M. 48 issued for Improvements to Belt Ry.made between May 11
1911 and Sept.2 1912. and Int.
on obligations of lessor for construction or
acquisition of Sept. 2 1912.
V.94, p. 910; V.95, p.419. 1471; V.96. p. 201;
V.97,P. 381.
LEASES.-This company's road and terminals were leasediunder
perpetual contracts to the Wabash, the Grand Trunk
the Chicago &
Eastern Illinois, the Chicago & Erie and the Chicago West.,
Indianapolis & Louisville. each of which five companies owns $1.000,000 stock
leased to the Atchison, the Elgin Joliet & Eastern and Belt They are also
Ry. Annual
rental must always exceed at least 20% int. on bonds outat.
V.78, p. 819.
DIVIDENDS.1 '95. '96.'97 '98.'99.'00 to July'14
Per cent
I 734 6 6 6 6
6 yearly
BONDS.-The general mtge. bonds are drawn at 105 and interest In
inch annual amounts as will retire the debt by maturity.
Of the consol. 4s of 1902 (auth. issue $50,000,000).
are reserved to retire general 6s. V. 87, p. 36. 1604, 1603: $6,284,607
V. 88, p.
V. 92. p. 394; V. 93, p. 1668* V. 97, p. 1425: V. 98. p. 235,452.100 374'
Of the 1st & ref. bonds of 1912 (5200.000.000 auth. issue), with interest
not to exceed 5%, $50,000,000 are reserved to refund existing bonds.
847.000.000. and $3.000,000 bonds to be issued. 150,0000300 for additions
and Improvements to the Belt division, Including Chicago Union Transfer
By.for $4,400,000. and $100,000,000 for new terminals and other impts.
In Sept. 1912 sold $10,000.000 3-yr. 5% notes to acquire the Chic. Un.
Transfer Co. and enlarge Chicago terminals, the notes being secured by
the new mtge.,under which they are the first issue, bonds being reserved to
retire the same. V.95. p. 419. 749; V.96, p. 201. In June 1914 applied
for permission to issue $3,000,000 14 months' notes secured by $6,000,000
& ref. bonds. V. 98. p. 1920.
ANNUAL REPORT.-Report for 1913 in V. 99. p. 604,showed: Gross,
$3,374,592; int.. &c., $2,991,116: dive., $300,000; bal., stir.. $83,476.
Pres., Howard G. Hetzler.-(V. 98. p. 1608, 1920; V. 99, p. 537. 604.)
CINCINNATI FINDLA Y & FORT WAYNE R Y.-Owns Findlay, 0., to
Ft. Wayne, Ind., 80 m.: also connecting link with the Cin. Ham. & I). from
Delphos to Mandela, 11 miles; sidings. 12 miles. V. 77, p. 88, 694.
Leased to CM. Ham. & D. for 99 years from Nov. 11903. with privilege of
renewal for like periods forever. V. 78. p. 286. Stook. $1,250.000. all
owned by the Cin. Ham. & D., which guarantees bonds, prin. and interest.
Mtge. Is limited by special agreement to $1,150,000. or about $12.500 Per
mile. Bonds are subject to call at 10234 and interest. V. 78, p.286.342.
701. Form of guaranty. V. 78, p. 701.-(V. 90. p. 697.)
CIN. GEORGETOWN & PORTS. RR.-See "Electric Railway Section."
CINCINNATI HAMILTON & DAYTON Int.-The system includes:
Miles.
Road ownedProprietary roadsMiles.
Cincinnati to Dayton, 0
60 Cincinnati /ad. & Western-- 361
13
Dayton to Ironton, 0..
160 Cincinnati & Dayton
Dayton to Delphos, 0
95 Columbus Findlay & Northern- 18
19
Trackage
45 Bowling Green RR
Piqua & Troy (8); Lima Belt (1)_ 9
Roads leased-('Se. this co.)
Dayton & Michigan
•141 One. Findlay & Ft. Wayne-o- *91
Home Ave. RR
1 015
3
Total of all
Also owns Dayton & Union jointly with Clev. Cin. Chic. & St. L. and
Jointly with Sou. Ry. controls Ctn. New On. & Tex. P. By. V.75. p. 978.
/n 1911 sold the $11.000.000 Pere Marquette RR.stock. V. 92. P. 596.
ORGANIZATION.-The company resumed possession on Aug. 19 1909.
the finances having been readjusted without foreclosure per plan of June




Amount
Outstanding

[VoL. xcix.

1909 (V.88, p. 1436, 1498). Under the plan the management of the system
was taken over by the B. & 0. RR., and the ownership of the controlling
stock is to be acquired by that company at the end of 7 years from July 1
1909 at a price then to be fixed by arbitrators (a supplemental agreement
made Oct.21 1912 with Messrs. J.P.Morgan & Co.fixed $740,970, in addition to the minimum $2,530.000. as the maximum price to be
in 1916
for the stock) during the 7 years said control is to be vested in paid
three voting
trustees, one President of B. & 0. V. 99, 13. 48.
Receivership.-Interest on the $1,677,000 outstanding unguaranteed
let and ref. 4s. the Cin. Ind. & Western 1st and ref. 48 and Ind. Dec. &
West. 5s, due July 1 1914, having been defaulted, Judson Harmon and
Rufus B. Smith were on July 2 1914 appointed receivers. The cost of
reconstruction was greater than was first thought probable and the
flood of March 1913 imposed such additional burdens that the Bait. &
Ohio was unwilling further to extend its credit beyond its legal obligations.
The B.& 0. has guaranteed $12.500,000 let and ref. 4s, only $7,500,000 of
which are outstanding, the remaining $5,000,000 not having been sold. but
has advanced about $3,900.000 for construction purposes,for which it holds
44.861,000 as collateral. It also advanced 41,800,000 for equipment obligations, about $1,200,000 for reconstruction of property destroyed by the
flood and about 43,200.000 for general treasury purposes. V. 99, p. 48.
In Oct. 1914 an application to issue $3,000.000 receivers' certs. for equipment was withdrawn pending better financial conditions. V. 99, P. 969.
Committee for 1st & ref. 4s and Ind. r% Dec. 1st 55.-Win. A. Read (Chairman).E. Mowle, Sec.; Eq. Tr. Co., N. Y., depositary. V.99, p. 119.
Committee for Gen. M Bonds.-Charles H. Sabin (Chairman): Arthur B.
Hatcher, 140 Broadway, Secretary. V. 99, p. 1051, 1130.
BONDS.-First and refunding Mortgage, Auth. Issue, $75,000,000.
See V.88, p. 1498: V. 90,o. 771.) Of the amount out $7,500,000 is guar..
p.& I.,by B.& 0. RR. V.94. p. 1056; V. 96. P. 1488: V. 97, p. 364.
The 411.557.000 4% purchase money notes dated 1908 and due July 1
1913 (secured by pledge of $13,000,000 new "first & refunding" 4s) were
guar. by B. & 0. and are now held by that company. V. 96. p. 1700.
The 420,000,000 generals by their terms draw interest as follows: 4 Si%
dependent upon income until July 11911; then 1% fixed and 33.4% dependent upon income until July 1 1914; then 3% fixed and 134% dependen
upon income until July 1 1916; thereafter 43.4% fixed. Fixed interest
J. & J.; non-cumulative income hit. Nov. 1 yearly: $2,000,000 of the issue
carry special coupon attached for private bankers by Bankers Trust
Co., payable Nov. 1 from cash already on deposit, making their Interest full 4% (V. 94, p. 206). The fixed interest due up to July 1 1914 was
met under agreement between Bait. & Ohio and J. P. Morgan do Co. to
share equally any deficit up to that date. V. 99, p.48. No"incomeinterest" has been paid. V. 95. p. 817; V. 97, p. 1024.
During July 1916 (or sooner, in case of earlier acquisition by B. & 0
of the controlling stock) the B. & 0. agrees 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
new 4% bond secured by said gen. mtge. and guar. p. & i. by B. & 0
As to guaranty of $9,207,000 Pere Mara. ref. 4s, which,it was claimed, was
irrwutar, and which was revoked, see V. 85, p. 653; V. 87, p. 1355.
EARNINGS.-2 mos..11914
Gross, $1,918,193; net, $466,951
July 1 to Aug. 31. 11913
Gross. 1.852,025: net. 357.182
REPORT.-Report for year ending June 30 1913, in V. 97, P. 1660.
Year ending June 301911-12.
1912-13.
1913-14.
Average miles operated
1,015
1,015
1.015
Gross earnings
410,084,217 410,071,296 49,825,321
Net income
2,316.041
1.786,325
94,260
Deduct interest on bonds
2,356,055
2,398,108
2,528,433
Interest on bills payable, dsc
25.526
29,795
29,795
Rentals and hire of equipment
552,348
1.001,488
1.250,523
Balance, deficit, for year
11617,887
$3.714,491 41.643.066
OFFICERS.-Pres., Daniel Willard; Vice-Pres., Geo. F. Randolph;
Treas. and Asst. Sec.. F. M. Carter; Sec., C. W. Woolford,
DIrectors.-Osoar G. Murray, L. F. Lore°, Geo. F. Randolph, G. M.
Shriver, Geo. W. Perkins, C. C. F. Bent, Geo. H. Campbell,
Fredreick W.
Stevens, Daniel Willard. E. R. Bacon, C. W.Woolford, F. D. Underwood,
Harry Bronner, Norman B. Ream.-(V. 99, p. 815. 969, 1051.
1130.)
CINCINNATI INDIANAPOLIS & WESTERN RR.-Hamilton, O., tO
Sminzlield.
284 miles: Sidell.
to West Liberty. 77 miles; trackage.
West Liberty to Olney. 8 miles; sidings, 92.8 miles. A consolidation Sept.
1902. V. 75, p. 239. 289, 497, 732. Stock authorized. 48.200.000; issued.
$7,115,800; all owned by C. H.& 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" 45 of 1902 ($8,200,000 authorized
issue) are guar., prin. & int.. by C. H. & 1). by endorsement. V.75. P.
1201, 1335: V. 77, p. 1290. Guaranty, V. 78. io. 2011. Interest on 1st ,So
ref. 48 and Ind. Dec.& West. 1st 58 due July 1 1914 is unpaid. V.99,p. 119.
Committee 1st & ref. 4s and Ind. & Dec. 1st 53.-Wm. A. Read (Chairman);E. Mowle,Sec.; Eq.Tr. Co.,N.Y.,dopes. V.99,p.119.-(V.99,p.119.)
CINCINNATI INTER-TERMINAL RR.-Owns a road 0.6 in. In length
connecting the Chesapeake & Ohio bridge and the Cin. Ham. do Dayton
terminals. Controlled by Chesapeake & Ohio Ry. Common stock, 110.000
In $100 shares, Issued for purpose of control. There is authorized $1,000.000 of first pref.4% cum.stock secured by mtge. to the Union Savings Bank
as Trust Co. of Cincinnati, 89 trustee, and rentals paid by Ches. & Ohio and
Louisville & Nashville, and subject to call on any Int. day after Feb. 1 1915
at 105. V. 79, p. 212; V. 80. p. 1728, 2398, 2620. Rentals received for
year ending June 30 1914. 433,407; dive.. $33,000; bal.. sur., 11407. Pres.,
Geo. W. Stevens.-(V. 80. P. 2620.)
CINCINNATI LEBANON & NORTH. RY.-Owns Cincinnati, 0.. to
Dodds,36 m.. incl. 6 in. from Lebanon to Dodds,leased to Dayton Leb.'do
Cin. RR.;June. to Middletown.O.,14 m.; branch,2 m.: total. 52 m. Stock
$1.500,000, all outstanding and owned by Pitts. Ctn. Chic. & St. Louis By.
V.75,p. 980. Div. of3% paid in 1906.'09 & '10;'11 dc '12.4%; 1913,
5%•
0(41,500,000 1st cons. 4s of 1902, guar. p. &I, by Pennsylvania Company.
$200.000 are reserved to retire the 5s due 1916. V.77. p. 88; V.98. p.610.

4

11

RAILWAY STOCKS AND BONDS

OCT., 1914.]

MAP OF

CHICAGO 81, WESTERN INDIANA
RAILROAD COMPANY'S
LINES
SHOWING CONNECTIONS

FUI.LER1 ON AVE.

CRAGINI

C. & W. I. R. R.
m THE BELT RAILWAY
(C.& WI.R. R. Co. Lessor)
SCALE

I

C. M. & NT. P.
& N. W.St tion
ION STAT ON

0
1

1.E

RAND CENTRAL
STTON
12Th

OF
1

MILES

2

N

3,Tiern0N

,.1
/
%

EN7STATION

ST.

LEMOYNE.

Cl

ENGLE 'D CONN. R.R.

Cl
ae/t
a. BEL

877n

CONNECTING LINES
Atchison, Topeka & Santa Fe Fly.
Baltimore & Ohio Chicago Terminal R. R.
Baltimore & Ohio R. R.
Chesapeake & Ohio fly.
Chicago & Alton R. R.
Chicago & Eastern Illinois R. H.
Chicago & Erie R. R.
Chicago & Illinois Western R. R.
Chicago & North-Western fly.
Chicago & Western Indiana R. R.
Chicago, Burlington & Quincy R. R.
Chicago Great Western B. R.
Chicago, Indianapolis & Louisville Fly,
Chicago, Indiana & Southern R. B.
Chicago Junction fly,
Chicago, Milwaukee & St. Paul By.
Chicago River & Indiana R. R.
Chicago, Rock Island & Pacilic fly.
Chicago Short Line fly.
Chicago, West Pullman & Southern fly.
Cleveland, Cincinnati, Chicago & St. Louis fly.
Elgin, Joliet & Eastern By.
Grand Trunk By.
Illinois Central R. 11.
Illinois Northern By.
Indiana Harbor Belt R. R.
Lake Shore & Michigan Southern By.
Manufacturer's Junction By.
Michigan Central R. R.
Minneapolis, St. Paul & Sault Ste. Marie fly.
New York, Chicago & St. Louis B. B.
Pere Marquette R. B.
Pittsburgh, Cincinnati, Chicago & St. Louis By.
Pittsburgh, Fort Wayne & Chicago By.
Pullman R. R.
• Wabash R. If.




1°'7
'
RAILWAY

.
=
sz
IMITS

ST.

103no

PULLMA

BLUE
IS LA N

42

RAILWAY STOCKS AND BONDS
•
Amount
Outstanding

[VOL. RGI.X.

RAILROAD COMPANIES
Miles Date
Par
Rate
When
Last Dividend Places Where Interest and
'For abbreviations, ac., see notes on first page]
Road Bonds Value
Payable and Maturity
%
Dividends are Payable
-Gin Ham & Dayton-(Con.)
01 a ty 1st & ref M $8,200,000 g gu p & I end_Eqx
361 1902
11.000 $4,722,000
4 ¢ J a J Jan 1 1953
July 1914 coup not paid
Dayton & Michigan first mortgage guar p dciend_zc
142 1881
1,000 2,728,000
4)4 J & J Jan 1 1931
J P Morgan & Co, N Y
Piqua & Troy 1st M $250,000 gold guar p & I___xis
9 1899
1,000
250,000
4
¢
M
&
1
1939
N
Nov
Un Say Ha & Tr Co,Cin
guar
1st
Mg
Cincinnati Find & Ft W
end red_ N.xo•
91 1903
1.000 1.150.000
4 g M & N Nov 1 1923
J. P Morgan & Co. N 1
;Irwin & Ind Western-See Chicago Cincin & Loulsv
Cincinnati Indianapolis & Western-See Cincinnati H amlito n & Dayton
Cincinnati Inter-Terminal RR-lst pref stk (see text) Text ___
100
825,000
F & A Aug 1 1914 2% Cincinnati
4
Cincinnati Lebanon & Northern-First mortgage_-zo
52 1886
1.000
200,000
5
Central Tr & S D Co. Cin
J & J Jan 2 1916
1st con m $1,500,000 g gu p &l end(V 75131398)-W
52
1902
1.000
1,206.000
Farmers' L & Tr Co.'N Y
4 ¢ M & N Nov 1 1942
Din & Musk Val-See Cleve Akron & Cincinnati By.
Cin New On & Texas Pac-Common stock $3,000,000
--- ---100 3.000,000 11 in1913 J & D June121914 5)4 Cincinnati
Preferred stock M &di 5% cumulative 13.000.000_
___
100 2,453,400 5 in 1913 Q-M Sept 1 1914 134
do
Equip trusts Ser B due $97,000 s-a (V.82.p 928)-x - 1906
1.000
291,000
4SW& a N May'15-May'16 Equitable Trust Co. N I
do
Ser C due $50,000 s-a(V92. p 1031)- flax
-__ 1911
1,000
650,000
434 M &N 15 May'15-May'21 Bankers Trust Co. N '7
Cincinnati Northern-lst M $3.000,000 gold..0.xc•&r
206
1901
1.000
1,000,000
4
Guaranty Trust Co. N 1
J & J July 1 1951
Cincinnati Richmond & Ft W-lst 11 gold int guar_o•
86 1871
1.000 1,800,000
7 id J & 1) June 1 1921
Winslow.Lanier&Co..N I
Clarksburg Northern RR-lst M grad text
1911
500
321.000
5 g A & 0 Oct 1 1945
Un Tr & Dep Co, Parkersburg. W Va
Netted & Mahoning-Stook 6% rent $1,000,000 autk
___ _
50
900.000
6
Checks mailed
J & J July 1 1914
First mortgage gold guaranteed B R & PG.xo•&r
2(3 liii5
1,000
650.000
5 if
36 Wall Street,New York
J Jan 1 1943
&
Cleveland Akron & Cin-Stock $12.000.000
100 7,500.000
See text Mch 25 '13 3%
Clev Ak & Columbus gen M (now first) gold
177 1887 500 &a 1,800.000 See 5text.
g II & S Mob 1 1927
Winslow.Lanier&Co.N Y
First consol. mtge $4,000.0001guaranteed p dc tend 1 171 1900
1.000 1,023,000
4 g F & A Aug 1 1940
gold sinking fxnd
do
do
I not guaranteed___ j
1900
1,000
559.000
4 g F & A Aug 1 1940
CM & Mask Val 1st M $2,000,000 g gu s f
do
do
F.o•
14 1898
1.000
1,719,000
4 g F a A Aug 1 1948
N
Farm
Y
Co,
neveland Cincinnati Chicago & St Louis-Corn stock
L
&
T
___ ____
100 47,056,300 See text id &
Preferred stook 5% non-cumulative
1 1910 2% J P Morgan & Co, N Y
100 10.000,000 See text Q-J S Sept
0/ St L & C con M drawn at 105 sink fund 1% _zo•
uly21
do
do
1913134
173
1880
1,000
Gen 1st af $10,000,000 g s f not drawn....Ce.xo &r
603,000
6
11 & N May 1 1920
do
do
-. 1886 1.000 dce 7.060.000
46
Cl Col C &I Gen cons M ($12.000,000)fg- -Us.xo•&r
Q-F Aug 1 1936
do
do
391 1884
1.000 3.205,000
gJ
6
&
Indian & St L 1st M in 3 series of ;667,000- Us.zo
J
an
1
1934
do
do
72
1869
1,000 2.000.000
7
"x" July 1 1919
Cley Cin Chic & St L White Wat Val,Div 1st g-Ce.xo*
do
do
62 1890
1.000
650,000
4 ir I & J uly 1 1940
Spr & Col Div (Col Spr & Cin) 1st El gold-__Ce.x0
do
do
45
1890
500
&a 1,103,730
4 g M do S Sept 1 1940
Cairo Division 1st M 55.000.000 gold
do
do
Ce.xe•
269 1890
1.000 5,000,000
St Louis Div coll tr gola ($590.000 Ins0.Ce xedcr
4 g J & J an 1 1939
do
do
194 1890 1,000 &o 10.000,000
4
g
Cincin Wab & Mich Div first mtge gold_ Us.xo•
1.1
de
N
Nov
1
1990
do
do
204
1,000 4,000.000
Gen lig 100 years for 150.000.000 gold- ...._ 11.1.xo•& 1.021 1891
4 6 J & J July 1 1991
do
do
1893
1,000 28.579.000
Series B
do
4 g I & D June 1 1993
do
do
1.021
1893
1,000 See text
5 g J & D une 1 1993
Oh I a st r., s List If 13,000.000 gold gu_Ce.xo•&
do
do
44 1903
1.000 'L3.000,000
4 g A & 0 Apr 1 1953
"x" Ser."A" are J. & J.; ser. "11.•' M. dc S.: ser. "C."
do
do
M.&N.
Cat year 1913, gross, $588,418; net.
$125.387; other income. $52,995;
Operates
Independent yes, $69,288; diva. (5%). 675,000; contribution to sinking fund,
Trackage III. Cent. into Chic.1
Dayton & Union RR.•
$11,374; surplus, $22,721.-(V. 98, p. 610.)
47
On percentage basis
J 56
Double track
378
CINCINNATI NEW ORLEANS & TEXAS PACIFIC RY.-(See
Evansv. Mt. Cannel & Nor. By.. 33
of Saline
Southern Ry.)-Operates Cincinnati Southern By., owned by city Man
Valley By
2 •See
company.
cinnati, Cincinnati to Chattanooga, Tenn.. 335 miles; trackage, 2 m.of CinA new double-track line from Evansville tothis
Owns
Mt. Carmel, Ind., 32 miles,
entire stock of Harriman & N. E. By.. 20 m., op. separately.
opened July 1 1911 under the charter of the Evansville Mt. Car/n 1901 lease was extended 60 years to Oct. 12 1966; rental V.77.p.1743. was
mel &Northern Ry.,which is operated under 99-year operating agreement.
1906 was modified beginning July 12 1902 to 11.050.000 until Oct. 12 V.
83, p 817, 1098; V. 92. p. 807; V.93, u.871; V.94, p. 840; V. 95.p.890.
mining $50.000 per quarter to be deferred as it accrues and yearly, the reto
be
paid
quarHISTORY, &o.-A consolidation of the Cincinnati Indianapolis St. Louis
terly at rate of $40,000 yearly, with int. on def'd payments
at
370; rental & Chicago Railway Co.. the Cleveland Columbus Cincinnati & Indianapolis
under renewal to be 81,050.000 yearly for first 20 years, then
$1,100,000 for Railway Co. and the Indianapolis
20 years: thereafter $1.200,000. V. 73. D. 722; V. 74.
de St. Louis Railway Co., made in July
1251 V. 95, P. 1889, per plan in V. 48,
1402. Pref, stock has prior rights on dissolution, but p.
p.427. Of the corn. stock, 830.207.700 was in Jan.
no voting power. 1914 owned by the L. S.
V. 74, p. 528. 829.
& Mich. So, fly. V. n. p. 86: V. 82. v. 749.
The stockholders voted on Nov. 25 1912 to imrchase the Cairo VinDIVS.1 '03. '04. '05. '06.'07-'10. '11. '12.'13.
1914.
cennes & Chicago By., Cincinnati & Springfield By., Columbus Springfield
Common, %4 2 2 5 534
5
8 11 11 June,3 & 2).4 extra & Cincinnati
RR., Findlay Belt By., Harrison Branch RR. and Chicago
STOCK.-Common. *3.000.000. controlled in interest
Indianapolis & St. Louis Short Line By.. and on Dec. 15 1913 to
of Souther(' RY
and Cincinnati Hamilton & Dayton Ry. V. 61. p.
purchase the Cincinnati Wabash & Michigan ay.. White Water RR..
26; V. 85, p. 117
LATEST EARNINGS.
-I1914 -- _ _Gross, $1,660,287; net, $429,611 Fairland Franklin & Martinsville RR. and Cincinnati & Southern Ohio
2 mos., July 1 to Aug. 31. 11913 ----Gross,
By. V. 95. p. 418. 890, 1472: V. 97, v. 1114, 1821.
1,679,515; net, 508.876 River
The company is also one-eighth owner of Peoria & Pekin Union By.
ANNUAL REPORT.-Report for year ending June
the Pea & East. Ry.). one-fourteenth owner in Terminal RR.
V. 97, p. 1581. In 1913-14: Gross, $10,872,690; net after30 1913 was in (through
taxes, $2. 788.- Association of St. Louis. and two-fifths owner of Indianan. Union Ry., and
523; other income. $477.606; int., rentals, &c.,
350; div. on pref. part owner of Cent. Indiana fly.. Cent. Union Depot & Ry. of Cincinnati.
(5%). $122.670; div. on corn. (11%), $328.900;$2,676
bal.;surplus, $138,209; Union Depot of Columbus, Dayton Union By., Dayton & Union RR., MunIn 1912-13, grass, $10,445,169; net, $3,055,210.-(V.97
, p. 1581. 1732). cie Belt By,. which are operated independently.
CINCINNATI NORTHERN RR.-(See Map Cleveland Cin. Chicago a St.
DIVIDENDS.199. '00. '01.'02 to '07.'08. '09. '10. '11. '12.
1913.
Louis.)-Owns Franklin, 0., to Jackson, Mich.. 205 miles; branch, Lewis Common
%0
334 4 yearly 1
2 2
0 0
burg, 0.. to quarries, 1 m.: trackage (C. C.0.& St. L.), Franklin to Cin- Preferred ----% 5 3
5 5 5 yearly 5 5 5
5 5 134,1 ,1 Si.0
cinnati. 39 miles; at Jackson, 1 mile. On Jan. 1 1914 elev. Ctn. Chic. &
In Oct. 1913 the pref. div. was omitted. V. 97. p. 594.
St. L. owned $1,707,400 of the $3.000,000 stock
$581,000 bonds.
BONDS.-The sinking fund provision of the
Columbus CincinDivs. Mar. 1910 and 1911. 3'%; 1912 and 1913. 134%and
1914, none.
nati ch Indianapolis consol. bonds (stamped) has Cleveland
been canceled.
For cal. year 1913. grow,$1,436,709; °per. def., 450,297: other income.
St. Louis Division bonds, see deed of trust, V. 52, D. 42-45.
$15,100; charges, $121,052: bal., def. $156,249. For 8 mos, ending
The 100-year mtge. of 1893 is limited to 950,000,000. On June 18
Aug. 31, gross. $925.222, agst. $806.409 in 1913; net. $80.858. agst. oper.
1914
$17.260,000 gen. 45 were reserved for prior liens (exclusive of
def.. $16,640. Wes., W. C. Brown.-V.98, p. 762. 1070.
Cairo division.
Peoria Division, Michigan Division and the St. Louis Division
west of Terre
CINCINNATI RICHMOND & FORT WAYNE RR.-Owns from Rich- Haute), and 1170.000 for equipment, construction and betterments,
&c..
mond, Bid., to Adams, Ind.. 86 m.;leases 5 m.of P.F.W.& C. Now op- $1,000.000 yearly.
V. 78. p. 1446; V. 79, p. 733; V. 83, p. 370; V. 87,
erated (Jan. 1914) by Grand Rapids & Indiana By. Rental net earnings. p.1010; V.90, p. See1044:
V.94.13. 1118,• V.97. p. 1114. In May 1914
Int. Is guaranteed by the Pennsylvania Co. and Pitts. Cm. Chic. & St. L Co. was authorized to626,
issue
$4,161,000 gen. M. 5s, Series B, to retire the
jointly (the P. C. C. & St. L. taking the place of the Cin. Ham. & Dayton $4.138.000 Cleve. Col. CM.
Ind. 7% bonds, due June 1 1914, and some
In 1888). Stock, $2,186,600 (par $50). of which Penn. Co. owns 61.277.- sinking fund bonds. V. 98.&
p. 1459. 1844. Guar. Chic. Ind. & St. LOWS
000. Due guarantors June 30 1913. $1.972.585.
Short Line By., Cent, Ind. By. and Springfield Union Depot Co. bonds.
Year ending Dec.31Gross.
mt.,&c.
Net.
Balance.
V. 77, p. 510. 517. 769, 1363. 2280; V. 78. p. 1906, 1961; V. 79, P.
2589:
1913
$825.300 $137,600 $203,493 def.$65.887 V.95, p. 1541.
1912
793,950
162,466
198,048 def. 35,582
The stockholders Nov. 17 1909 authorized $20.000,000 bonds, of which
$9,650,181 4s sold May 1910, payable in francs, and $10,000.000 4345 in
CINCINNATI UNION DEPOT & TERMINAL CO.-V. 94. p. 1695.
June 1911 to provide for 15,000.000 notes and improv'ts. V. 89. p. 720,
CLARKSBURG NORTHERN RR.-See page 140.
778. 1141; V. 90, p. 1238, 1296, 1424, 1554; V. 91. v. 1710; V.
p. 1700.
CLEARFIELD & MAHONING RY.-(See Map Buf. Roch. a Pitts.)The stockholders voted on Oct. 30 1912 to guarantee not92,
to exceed
Owns road, completed in 1893,from Du Bois Jet.. Pa.. on But. R. & P., to $5,000,000 Evansv. Mt. Cannel & Northern
By. bonds. V. 95. p. 890.
(Nemeth!on Beech Creek RR.,26 miles. Leased during corporate existence
Jointly with five other roads covenants to pay New York Central
Lines
and renewals thereof to Buffalo Rochester h Pittsburgh-which see-at a $71,494,000 equipment trusts of 1907. 1910, 1912 and
1913, the company's
rental payable In gold and equal to 6% on $1,000,000 stock, par $50. and 5% share of equipment trusts Dec. 31 1913
being $2,220,208, $2,395 510,
on bonds,the latter being guar., p. dc I., by endorsement.-(V.89, p. 1141.) 12.238.463 and 11,087,551. respectively. V.
85. p. 1401: V. 86. I):168:
V.88,0. 761; V. 90, p. 1677: V. 93, p. 1726.
CLEVELAND AKRON & CINCINNATI RY.-(See Maps of PennsylIn May 1914 $5,432,000 5% equipment trusts were authorized, due
about
vania RE.)-Owns from Hudson. O., to Columbus, 0., 144 miles; Kilibuck $362.000 yearly June 1 1915
to 1929.of which $3,880.000 was sold. V.98.
to Trinway. 34 m.: Morrow to Trinway. 148 m.; AppleCreek branch,9 m.: p. 1693.
total owned, 335 m. Owns a fourth interest in Akron & Barberton Belt
GENERAL FINANCES.-Capital stock per mile of road owned Dec. 31
RR., 24 m., and half interest in Zanesville Term RR.. 5 m. V. 76, p. 435.
A consolidation July 1 1911 of the Cleveland Akron & Columbus By. and 1913, $34,109; bonded debt. $54.965. Pref. divs. suspended in Oct. 1913.
Cincinnati dc Muskingum Valley RR. Pennsylvania Company owns 67,EARNINGS.-8 mos.,f1914
Gross, $23,097,992; net, $2,991,049
Jan. 1 to Aug. 31.
498.487 of the $7,500.000 outstanding stock. Operated by Pennsylvania
11913
Gross. 24.716,507; net, 2,716,610
Co. under arrangement terminable on 6 mos.' notice, the net earnings to
REPORT.
-Report
for year ending Dec.31 1913 in V.98, p. 1066,1085.
go to C. A. & C. V. 93. p. 1669. First div., 2%, paid Sept. 25 1911;
Comparisons with some items in 1911 are inaccurate.
In 1912,6% (M.& S.); 1913. March,3%;Sept.. none.
Year ending Dec. 311913.
1912.
Of Cleveland Ak. & Col. 1st consul. gold 4s of 1940 (Commercial Tr. Co.,
1911.
Phila., trustee). 11.023.000 are guar.. p. & 1., by the Penn. Company; Railroad revenues
$33,840,298 $32,714,238 $30,431.915
*14110,000 are reserved to retire the gen. 58 due 1927; V. 71, P. 390; V. 76. Operating income (after taxes)
$2,942.328 $7.135,769 $6,037,608
Other Income
812,015
756,808
D. 653: V. 77. p. 1746. 2280.
707.731
Penn. Co. also guarantees Chi. do Musk. Val. bonds: see form, V. 76, D.
Gross corporate income
$3.754,343 $7.892,577 $7,345.340
653. Car trusts Dec. 311913, $262,315, due 685,746 yearly. Report for
cal. year 1912 in V.96, p. 1697. In 1913, gross, 54.086,832; net,$215,160; Rentals of leased lines
$242,856
$267,093
$132,500
charges, $275,097; def., $59.936; sinking funds, $18,244; improvements, Interest on bonds, &c
4,180,559 4,009,607 3,827,072
Hire of equipment,including interest 1,220,037
$162.573; city. (3%), $225,000.-(V. 96. p. 1364. 1697; V. 98, p. 522.)
505,122
763,307
Other rents
651,428
623,881
668,505
CLEVELAND CINCINNATI CHICAGO & ST. LOUIS R Y.-(See Maps Loss on properties operated separately
93,108
98,315
125,956
N. Y. Central a H. R. RR.)-ROAD.-Radiates from Indianapolis, Ind., Discount on debenture bonds, &c_ _
63,900
53,425
16,566
westerly to Chicago, Peoria, Cairo, Ill., St. Louis, easterly to Sandusky, Dividends on preferred
(2)250,000
(5)500.000
(5)500,000
Cleveland, Columbus and Cincinnati O.. and southerly to Louisville.
Owned DirectlyMiles.
Balance,surplus or deficit
Miles
def.$2,947,546sr.$1,844,352sr.$1.301,615
rlieveland. 0.. to Columbus, 0._138 Leased and ControlledOFFICERS.-Pres.,A. H.Smith,Now York; V.-Pres.,
Carstensen,
Gallon, 0., to Indianapolis
203 Cincinnati Sandusky & Cleve. RR.
- A. H. Harris, W. K. Vanderbilt Jr. C. F. Daly and J.John
Delaware to Springfield
50 Sandusky. 0., to Day'n, 0.. &o.170 Dwight W.Pardee, N. Y.; Treas., Milton S. Barger, N.Y.J. Bernet; Sec.,
Cincinnati to Lafayette
170
Trackage into Cincinnati, ac.. 40
Directors.
K. Vanderbilt, Fred'k W.Vanderbilt, Chauncey M.
Indianapolis to Terre Haute
71 Trackage into Jeffersonville__ -- 52 Depew, J. -William
P. Morgan, Alfred H. Smith, Geo. F. Baker, Wm. K.
Harrison Branch
8 Trackage into Toledo (V. 79, p.
Vanderbilt Jr.. Wm, Rockefeller, Wm. H. Newman, James Stillman,
Cairo to Danville
259
1023, 2696)
44
Walter P. Bliss, Lewis Cass Ledyard, New York; Frank J. Jerome. CleveTerre Haute to East St. Louts--190
Hillsboro to Lenox
44
Total included In earnings_2,014 land: Leonard .1. Hackney, Cincinnati.-(V. 98, p. 1608. 1693. 1844.)
Dayton to Ludlow Grove
47
Operated;earnings kept separateCLEVELAND LORAIN & WHEELING RY.-(See May B. a 0.1-Owns
Springfield to Columbus
45 Peoria & Eastern Ry
*351 from Cleveland, 0., to Bridgeport, 0., opposite Wheeling, W. Va., 160 in.;
Other
15 Cincinnati Northern
*246 Lester toLorain,24 in.,and branch to Bellaire,0.,7 m.;operates St. ClairsLeased-entire stock ownedKankakee & Seneca RR
42 vine & Northern, 3.33 m.; total, 195 m. and has trackage into Wheeling.
Cincinnati Lafayette & Chic. Ry- 57 Mt. Gilead Short Line
2 V.80. p. 1174. Operated by B. & 0., which Owns all of the stock. $8.000.000
White Water-Harrison, Ind., to
Loulsv. & Jeffersonv. Bridge.- •3 corn. and $5,000,0100 pref. and will vote Nov. 16 1914 on merging the road.
Hagerstown, Ind
62
V. 99. p. 1051. See V. 72,9. 480; V. 73. p. 236; V. 86. p. 602.
Other lines
66
Total of system Dec.31 '13-2.656
Of the 4345,16,000,000 to retire old Es; V.70,p.230.480.-(V.99. p.(1130.




43

RAILWAY STOCKS AND BONDS

OCT., 1914.1

Colby

.
111
tc.40117.A.M.

Ft.Fetterman.
SE
ER
--.•
•Douglas
.Dost.Spraitg
Lyn e
0.111$
Blum
CAend

.ELCasper

17.

Isv,rt

\ts

1

-Gicatit 13eqad
'Io en
Dodge_CLI.

La Junta

4
11
43Ak".10
45
0
4
41*
7
Buck 7
die
odge
En .wood
AS
Liberal

Cassa

Mr+ DOVER
I

,Vickhorn

P

-414,

1

G

-7•*e'
;

Alva

)
•24

iarami•.

Asur/44,

,^

IVA
sWren
rata
ACIF

4,0

0
deaus•0)

B

;dark

•

oo

4:e
--se-0,
,
0,
30

7

.
Aytening

towel]
Horse Cre
Isl y

• C.)
•

RI/
\.•
Soda Lakes Eluite
Harney

•

tanfO
A so
Snyder
Sweetwat

yolente
•44,"0̀
;0 04k,
teo
I4

•

Dendc€-Seymour
Spur • Hun
kay
.tou
cement

Lubbeck

Altul

(.??
jLaramk

PAC

•

Dale Creek

Athol

E

Carr
-

AR

I

M

1. . . .-. . . , l'
1.,„..........•

iGR AN D

ieree

osae9 kos4ote)--./z-s•

els
:Butte
;latt7ille
•

/ 696 u...D
Niw

*
P

o

97
.1

\

UNION

\..
14)•:Po,*
4
6
.\6', 4° '
PCHAF

A

Bay Ranch
Arthurs
OAR OS

0.
5.

•
S A_ G U A

Godfly
Z
.
TRIver Bond

cio,".
EaSidstnoenyvi le

0

L._.:
I.
I

:
i
.
'

J

...GEV! LI,
FlutinEviWp.

7 •Little Ruttes
Wigwam

0

1CONEJ 0

<r
.
1

*Awe
raver
SANTA
Ie ka
La

re k

r

er
o

,,
0+

,
\..c

I
Ne

;*':

S

N

—7

A

S

1 B
:
I

A

Raton

ttr

Otero

el

Dorsey I.

THE COLORADO & SOUTHERN LINES

C

A

•

N4.74e, sq?„
'2Do
"
.
7
.4t10

Smith




M

01
'
6

$11••••••••

MAP OF

I

o

it
P'TRINIDAD
.
I *••• .04,_ Longs Je

M.

T

E
/°

NO
'X,!'.0c,

ii.litl. ull:l'a
on
o,,,,
NioAnc
)
.,..ilfa
erriolga
‘
f.
BEFIWINO
FOlir

4

0

to

.

.,Vcni

k.
R'C'S1*.AGRAND
/

PACIFIC

I----j
'

Gyleros•
Laroem;
„..7.
.
Rue)fan
••••••
91pache /

Alainosa

___I

,-e.

V

1

i 13 U E

t cr,z., w A LSEI.ny,tp,11
-stir,

14 14335tEti-

at

'•
,
'll'e
'
'
\
%
4
‘
1
I
"•(;±-\
,

N.e'
•

'.

,,
clssai.Pieleor,it.1u:nSpur

a lalt

RIO G AN ID

Aorst,

0 ...1_

C H "\CUSTvR

0

....:1----Aild

en

r

0

"Zp0,,,
U
404‘leC`

‘'.Ai.y I
‘\

1,

()rosier
\
---,-- PUEBLO
'
N
-7:— -7
-----r-BESS
sot,tvoH
Sau Carlos t
ii
‘,

!
-----1
,
_—..----

ril'ul::•-:. :.--1
1\l
ciKrat.L4
"
e.
_

O N7
o•E M
. .2..' FMre cc
c:? .. .. n n City
1

PACIFIC

CARSON'
K 1.1"

o I

,

,,

1

C
Fyioxn

4

DENVER
..

p.0
/11.4.4

EL

'
...4

4

itil
Deel:
gTr
zeT

E L BE R
lizabeth cedar_

DOUc
.

1

E

0

H

P

R

•

p -e...,

O

RIV:
•••••
•••••C),...•••

Byer

Kenwoola it
Ni_elvin
Iiirk r.
'Rill Top

04 0
10;
its
Olvide
.111 nitou
I
HeGees
COLonhoo SPRINGS
Charcoal
CRIPPLE
C'9.
F
CREEK,
1.
ie -oA

.=

•- s•N
MISSOURI

R G A N:

141's

E:ueNl
ty
v.
.
E R u'

1
:"3• 1r
Ns•*°,k.) 9
0

Y L.f m A. .
•

0.

-A, R
co,-.

rtiveit

ruee

on

/4-'
44 '
g,..6,,, •,,,o,&4;t.0 A,. 4-id.'1A..
e,,1, . u.- co
q066
Ct.
t •:.•. •
=••....'
.
....
•
•
tt:.;:.
4
.,
•
4
.,. "4..VA--.:).1?-,
4.'• ,
.14a47
w
....
9
(-444,'•(
ta,,ty
,
iiii:
•ik•514
4
A

tutuulo

n der,

sec,-

Lup

•
\
. Ott *,i,% 74,4-4N
V •‘. ,
,
..?,'<,'
,
1 t.- ''' '''
EAR CREEK;,41.
,... wi,
.4.
I seal At. •
00.
.°". °..‘0,0`1;,1v;Alf0 itc„:
' of

Aspen

Roybdil

Eaton
sEA.EN
I

ARKINS
Wilds Soul
LOVELAND
L
her
b.1.9.w.l.
...,
_Ly_ons--.,
c
Vard LOON

.,...
.
••
'
,p; •'''c&
.
.
, ,
,,I
-O4

o.

X

Fort Worth &Denver City R
Trinity & Brazos Valley Ry
Wichita Talley Ity.

\

0
N.

I

BrvrlY

LINES IN TEXAS

Ci
over.

eo<
Bellevfle
La Port

D.Es.,̀A .G L

I

Viol
Table‘
•alb

Rock reek
Cllugwater
Hi
lielley
'Tern
ookout , sell
tr.
Lake
r
Iron
Huttons
Mountai

t'etc

4...)

_

_

Oakley

Cheyenne

Emery,Gap
_Alps-'
olsom
Des Moines
Grande
Greenville
Mt.Dora
Royce
Clayton

C1 41'.

I
I

o
E X AS
TEXLINE

44

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. xcrx.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Cleve Cinc Chic & St Louis (Concl)- x
j - 1910 5005fr&o $9,650,181
J & D June 1 1930
4
Morgan.Harjes&Co,Paris
Bonds 520,000.000 authorized
1
___ 1011
4 34g .1 de J Jan 1 1931
1.000 5.000.000
.1 P Morgan & Co. 11 Y
J & D June 1 '15-'29 New York
5
--- 1914 1,000 &c 3.880,000
0.c*
Equipment trusts due part yearly
Obligations or Proprietary Lines.
__. ___
ki & N Nov 1 1914 3% J P Morgan & Co. N Y
6
428,997
50
Cincinnati Sandusky & Cleveland-Preferred stock_
do
5 g J & .1 Jan 1 1928
1,000 2,571.000
170 181,11
coosol (now first) mtge 53,000.000 gold_AB.ze
do
118 1903
Central Trust Co. N Y
1,000 1,500.000
4 ¢ 1.1 & N May 1 1953
Central Indiana first mtge 14.000,000 gold guar_Ce.x
434 g J & J July 1 1960
2.082,000
Evansv Mt Car & No lst M $5,000,000 gu 0.xc*&r, --- 1910
1st
15-See
thatCe
Jeffersonville
Bridge
Louisville &
Cleveland Columbus Cincinnati dr Indianapolis-Cleve land Indiana polls St Louis & Chi cago-Se e Clevela nd Cincinnati Chicago & St Louis
2 Wall Street. New York
1.000 5,000,000
191 1893
5 g A & 0 Oct I 1933
;lave Lorain & Wheel-Con mtge (now 1st) g-Usin.c'
do
do
893.000
1.000
191 1896
General mtge 51,000,000 gold redeem at 105 ,--N
5 g .1 & D June 1 1936
do
do
1.000 4,000,000
191 1900
434 2 3 & ,1 Jan 1 1930
Cons ref mtge $10,000,000 gold red at 10234_ _Eq.o•
Winslow, Lan & Co.. NY
117 1888 1.000&c 2,936,000
5 g See text. Jan 1 1938
Cleve dr M V-Cons M (now 1st) 53,000,000 g_Ce.xo&r
Cleve & Mar-See Toledo Columbus & Ohio Riv. By.
___ ____
50 11.237.700
Q---11 Sept 1 1914 134 Winslow. Lan & Co, N Y
7
Cleve & Pittsburgh-Stock 7% guar by Penn RR Co
do
do
Q-M Sept 1 1914 I%
50 14,560,400
4
Special betterment stock 528.738.135 auth guar4%
do
xo• 205-34 1892
do
1.000 4,561.000
Jan-Oct 1942
x
Gen M $10.000.000 gold_Teries A & B
434 2
do
Guaranteed prin and int Series C & D
ace' 205 34 '98-00
do
1948-1950
1.000 4,195.000
y
334 2
do
(endorsed) Penn RR__ Series B lot reduced_x 20534 1892
do
1.000
424.000
334 g A de 0 Oct 1 1942
10
Cleveland Short Line-Stock rental guaranteed
5
100 4.750,000
A & 0 Oct 1 1912
10 1911 1,000 &c 11,800.000
Or Cent Ter. NY.& Lou
1st M (520.000.000 authorized) gold guar_Oxo* &r*
434 2 A & 0 Apr 1 1961
Cleveland Terminal & Valley-See Baltimore & Ohio.
197 1903
1.000 4,079.000
Elkins, W Va, or Salto
Coal & Coke-First mortgage $5,000.000 gold----x5 IC A & 0 Apr 1 1919
Maryland.
Coal & Iron-See Western
Coal River Ry-See Chesapeake & Ohio.
13 1868
100 &cl
Colebrookdale--lst M 1593.400 und Read Ilf of 1897_e
J & 13 June 1 1898
6
600,000
Reading Terminal. Phila
261 1897
1,000 9,532.000
4 g J & .1 July 1 1947
Colo Midiand-lstM $10,000,000(V71. 13 139)-Ce.x0
July '12 coupon last paid
Proposed receivers' certificates $400,000
___
stock
___
$31,000,000
100 31,000,000 See text See text. Dec 31 1912 1% Office 26 Liberty, N Y
Colorado & Southern-Common
__
First preferred 4% non-cumulative $8.500.000 _
100 8.500,000 See text A & 0 Oct 1 1913 2%
do
do
- 1/12
Second preferred 4% non-cumulative $8.500.000_
100 8,500,000 See text A & 0 Oct 1 1913 2%
do
do
First mortgage gold $20,000,000
Eq.za" 1.048 1899
1,000 19.402,000
do
4 g F & A Feb 1 1929
do
Ref s, ext m 2100,000,000 gold red 101 --Ce.xo*&r* Text 1905
100 &o 30.803.900
do
do
434 2 M & N May 1 1935
(ix_ 1907
Equip bonds ser A due 552,000 s-a red 101
1,000
5
260.000
A & 0 Apr '15-Apr '17 Guaranty Trust Co. N Y
Colorado Southern New Orleans & Pacific-See St Lo tds -do San Francisco.
74 1900
1.000 1,546.000
Col Spas & Crip Cr 0 Ry-lst M $2 000.000 g 5 f_Cez
Chem
NY
Y. & Col Sp
5 g J & J Jan 1 1930
First consol mortgage 53.600,000 gold__
1 000 1 ._Gxc&r 379.000
- 1902
do
Bk.
do
5 ¢ A & 0 Oct 1 1942
'
"- P A, A_
steriss ..A "J IF .1* "R" A S. O. v "C". M de SI. .11CLEVELAND & MAHONINO VALLEY R Y.-Owns from Cleveland, 0..
to Sharon,Pa.,81 miles(57 double track); Niles,0.,to Lisbon,0.,36 miles;
Girard to Youngstown,0..6 m. Leased to Nypano RR.(formerly N. Y.
Penn. & Ohio) till 1982; tental $525,967 per an. Coupon int. is J. & J.
registered interest. Q.-J. Stock is 53,259,200. of which 53.258.250 is held
by "Atlantic First Leased Lines Rental Trust Co.. Limited,' of London
1%; 1898 to 1904. both inclusive, 1314% yearly; in
Dividends in 1897. 131,
. 1905. 11.42%; in 1906 to 1911. 11.40%; 1912, 85(%; 1913. 11.20%.(V.63. p.968.
CLEVELAND & PITTSBURGH RR.-(See Map Pennsylvania
Cleveland. 0., to Rochester, Pa.. 124 miles: branches: Bayard. 0., to Ros39 m.; Yellow Creek to Bellaire, 43 m.• trackage, Rochester to
well.
0...
Pittsb.
(P. Ft. W. & Chia), 26 m.: other trackage. 23 m.: total. 255 miler
LEASE.-Leased for 999 years Dec. 1 1871 to Penn. RR. Co., ana lease
transferred to Pennsylvania Co. Rental; dividends on stock, interest on
bonds and organization expenses. "Special guaranteed betterment stock"
(subordinate to the original stock as to dividends only), with dividends of
4% guar. by the Penn. RR.. is issuable for impts. V. 79, p. 2205. 2642;
V. 83. p. 625; V. 85. p. 1082; V. 87. 0. 812; V. 91. p. 1446; V 93. p. 1785:
V.96, p. 135; V.97, p. 1425; V. 98, p. 999. Stockholders on June 15 1911
authorized increase in stock from $22.000,000 to $40,000,000, the new stock
to be additional 4% guar. special betterment stock. V.92,9. 1031, 1108.
BONDS.-Generals are all equally secured; guaranty. V. 56. p. 604.
EARNINGS.-In 1913. gross, $13,564,114: net. $3,278,509; profit to
lessee, $1,500,102.-(V. 97. p. 1425; V. 98, p. 839, 999; V. 99. P.470
CLEVELAND SHORT LINE R Y.-A belt line around Cleveland, 0..
from a point near West Park, 7 miles west of Cleveland, east, thence northeast to Collinwood,19.64 miles. completed in 1912. of which 10.08 miles
In operation in Sept. 1910. V. 91. p. 654. Stock: common, $4,750,000:
all owned by Lake Shore & Mich. South.. which leases the road until
March 31 2010. the rental providing for Interest and 5% on stock; par,
1100. V.86, p. 167: V.92. 13. 1031. A mortgage for $20,000,000 has been
authorized, of which $11,800,000 guaranteed by lessee, have been sold; remainder for future purposes. V. 92, p. 1108, 1178; V. 96. p. 419, 553; V.
97, p. 728, 802. 1732, 1821; V. 98, p. 452. 689. Pres., W. C. Brown;
V.-P., D. C. Moon.-(V.97, p. 802, 1732, 1821; V. 98. p. 452,689. 1316.)
CLEVELAND TERMINAL & VALLEY RR.-CleY.,and C",., to Valley
Sanction. 75 miles; branches, 11 miles. Of the 54,615,306 COMMOn (par
$50). B. & 0. owns 54.594,300. and of the $2.060.750 pref.. $1.826,700:
ar,$100. The stockholders of the B.&0. will vote Nov. 16 1914 on mergthe road. V. 99, p. 1051.
Report for year ending June 30 1913 in V. 98, p. 232, showed: Gross,
$1,342,431; net,$250,717; other inc.,$32,134;int.,&c..2245,058; bal.,sun.
$37.793.-(V. 97, p. 1357; V. 98, p. 232; V. 99, p. 1130.)•
COAL & COKE R Y.-Owns from Elkins, W.Va., to Charleston, W. Va.,
175.6 miles; Mabie to Bellington, (17.7 m., less Leiter to Roaring Creek
Jet.. 1.6 m., used on line from Elkins to Charleston). 16.1 m.; branch,
Gassaway to Sutton, 6.5 m. (completed Jan. 1910): total, 198.2 m les.
About 100,000 acres of coal lands are owned.
Stock. corn., 510.000,000, all outstanding; 5% pref., $10,000,000 authorized Oct. 1907, of which $8,881,800 issued to purchase $6.300,000 bonds
and settlement of other debts; bonds reduced to 55.000.000. of which $2,000.000 in treasury. V.85. p. 1005. Mortgage covers road and coal lands.
V. 78, p. 47. Car trusts June 30 1913, 1220.553, due $55,000 yearly (not
tax-exempt, but company will assume Federal income tax); loans and bills
Payable. 21.791.837.
RR. EARN8.-12 mos.,1913-14
Gross, $989.715; net, $182,869
July 1 to June 30.
Gross, 995,963; net, 252,010
1912-13
Report for year ending June 30 1913 in V. 97. p. 883, showed: Gross,
81.247.869: net. $441,08.3; net income coal dept., &c., 1101,844; total
net. $544,927; other income, $27,482; int., taxes. &c., 5353,994: bal., sur.
1216.415. Pres., Henry G. Davis, Elkins, W. Va.; Sec.. C. M. nendleY:
Washington, D. C.-(V. 97. p. 443. 728, 883.)
COLEBROOKDALE RR.-Pottstown to Barto. Pa.. 12.81 miles. IeAsed
to Phila. & Reading Ry. Common stock. 1297.215: par. $50.
COLORADO KANSAS & OKLAHOMA Er;.-Owns scott City to
Winona, Kan., 52 miles, In Feb. 1914 contract was let for extension from
Garden City to Forgan, 140 miles, to be completed within 20 months.
V. 98, p. 689. Incorporated in Kansas July 1913 and took over the Scott
City Northern RR., foreclosed Aug. 6 1913. V. 97, p. 445. Details of
securities not decided upon in Jan. 1914. Pres.. W. C. Fordyce of St.
Louis; V.-P. & Treas., Frank S. Yantis of Scott City. Kan.; Sec.. W. V.
Delahunt, St. Louls.-(V. 98. 13. 689.)
COLORADO MIDLAND R Y.-(See Map Col. & South.)-Owns from
Colorado Springs to New Castle, Col., through Busk-Ivanhoe tunnel, 221.92
miles; branches, Basalt to Aspen, 19.37 m.• Cardiff to Spring Gulch. 15.01
m.; Arkansas Jet. to Lcalyille, 4.80 in.; total owned, 261.10 miles. Leases
Rio Grande Jct. By.. Rifle Creek to end R. G. J. fly., 62.08 m.. trackage
to Rifle Creek, &c.. 14.46 m.: total operated. 337.64 miles. On Dee. 13
1912 George W. Vallery was appointed receiver. V. 95, p. 1683. In June
1914 it was proposed to issue 2400,000 receivers' certificates, about three
fourths of the proceeds to be used for new rails. V. 98, p. 1788.
Bondholders' Protective Committee.-J. N. Wallace, Chairman; James N.
Jarvie. Harry Bronner, W.de Lances' Kountze, Francis L. Leland. B. Aymar Sands and Clark Williams. Secretary, C. E. Sigler; Central Trust
Co., N.Y.,depositary. V. 95, p. 1331. 1402, 1683: V.96. p. 201. 652. In
March 1913 a majority of bonds had been deposited. Last coupon paid,
July 1912.
ORGANIZATION.-Successor Oct. 1897 to the Colorado Mi Hand Railroad, 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 & Southern and Denver &
Rio Grande. V. 70. p. 686. 791, 997, 1290: V. 71. p. 28: V. 73. 1). 1111.
Early in 1912 the Colorado 8z Southern arranged to sell its one-half interest
to Blair & Co.. the Appellate Division of the Supreme Court in Aug. 1914
deciding that they were compelled to purchase the same. V. 95, 13. 1683;
V. 95, p. 1683' V 99,13. 342. Pref. stock, $6.000,000; corn., $4.000,000.

t




EARNINGS.-2 mos.,f 1914
Dross, $336.710; net, $15.976
July 1 to Aug. 31.
11913
Gross, 303.155; op.df.10.129
YearGross.
Balance.
Net.
Misc.Inc. Charges,
1913-14
11,761.981
$32,369 223,744 5196,797 def.$140,683
1912-13
1,828,335
170,506
510,160 $373,483 def.$192,817
1911-12
1.830.166
275,201
565.737 def. 251,422
39.114
OFFICERS.-Recr., Geo. W. Vallery; Trans., Henry L. Hobbs;
Aud., W. S. Wing, Denver, Colo.
Directors.-Geo. W. Vallery, Henry T. Rogers, Samuel C. Mathews.
Edwin Gould. Winslow S. Pierce. E...1`. Jeffery and Chas. H. Schlacks.(V. 96, p. 201, 652; V. 98, p. 1766; V. 99,p. 342.)
• COLORADO dr SOUTHERN RY.-(See Map.)-Operates a system from
Orin Jot., Wyoming, through Colorado to Fort Worth, Tex., and by extensions built to 1906-07 reaches tidewater at Galveston. Tex., and also
Houston, Dallas, &c. Total June 30 1913, 1,871 miles, viz.:(5 which see):
Lines operatedControlled1,131 tiles.
Denver, Colo.. to Orin Jct., Wyo.273 Denver & Interurban RR21)
740 Miles..
Denver, Col..to Texas StateLine_347 Fort Worth & Denver City
*454
Denver, Col., to Leadville. Col__152 Wichita Valley By
*52
Denver,Col..to Silver Plume,Col.55 Wichita Falls & Oklahoma
23
Other lines, branches, &c. (117
Wichita Valley RR
narrow gauge)
304 Abilene & Northern
Stamf.& NW.Ry.(V.89.9.1281) 82
New low-grade line, Pueblo to Walsenburg,46 m.,and line from Wellington. Col., to Cheyenne, Wyo., 32 m , were opened Oct. 15 1911. Leases
Colo. Springs & Cripple Creek Dist. By..74 miles(owned) to Cripple Creek
Central By. V. 94, p. 123. As to Colorado Midland, see that company.
In April 1906 acquired a one-half interest in the Trinity & Brazos Valley
By.,owning a linefrom Cleburne to Houston,Tex..236 miles, with branch to
Waxahatchle, 67 miles, and trackage rights from Cleburne to Fort Worth,
Waxahatchie to Dallas and Houston to Galveston. See that co. and V.98,
p. 1920.
ORGANIZATION.-Reorganization Jan. 1899. V. 87, P. 748. In
Dec. 1908 the Chicago Burlington & Quincy acquired $23.657.500 common.
V. 87. p. 1663. 1604; V. 88, p. 158, 685.
Owns a large majority of the coin, stock of Fort Worth & Denver City
Ry., which see. Controls Denver & Interurban (Electric) Railway.
which owns 21 miles, and operates 31 miles of Col. & Sou., which has been
electrified, under lease. V. 87. p. 950; V. 89. p. 934.
DIVS.
'DO. '01. '02. '03. '04. '05. '06. '07. '08. to '11. '12. 13. 1914.
4
4 yearly
4 4 Apr,0
2 335 334 4 2 0 4
1st pref %
4 4 Apr,0
4 yearly
2d pref. %--------------- -4
1 0 None
Common%-_
-- ------ --------------2 yearly
.. i-vs we om
8, P. 911, 1070.
In April 19
M.,
1027;
V.
2158;
V.
see V. 68, p.
77, p.
87, p. 444. 1160.
BONDS.-1st
The $100.000.000 refunding bonds of 1905 were made Issuable as follows:
536.850,000
For refunding bonds and equipment obligations of system
For betterments and improvements,Including equipment, at the
cum, yearly rate of $500 per mile of operated de controlled lines 15,000.000
2.500.000
For reimbursement of the treasury of the company, dee
For acquisition of additional property (Including proper provi45,650,000
sion for the cost of double-tracking parts of the main lines)
The refunding bonds are secured by a first lien on all the bonds and practically all the stock of the cos.owning about 706 miles of road, including the
also, by direct
Wichita Valley lines and the Trinity & Brazos Valley
Ry.•.
of road owned by
lien, subject to the first mortgage, on about 1,048 miles
the Colorado & Southern and on the stock of subsidiary cos. whose bonds
are not pledged under the mortgage. owning 555 miles of road, making
1.604 additional miles,on which there are outstanding 530,803.900 underlying bonds; total thus covered. 2,310 miles, on which the total outstanding
funded debt, Including these bonds and all prior liens, averaged $26.471
per mile. V. 80, p. 1791; V. 91. p. 462. 214; V. 93. p. 1021.
In Jan. 1911 sold 51,400.000 ref, bonds to complete gaps from Pueblo.
Col., to Walsenburg, about 46 miles, and from Wellington. Col., to Cheyenne. Wyo.. 32 miles. V. 92. p. 186. 117: V. 92, p. 394.
Equipment bonds of 1907 mature $51,000 s-a to April 1 1914; thereafter
552.000: V. 84. p. 507. Pullman Co. car trusts June 30 1913, 560.449.
EARNINGS.-IncludIng Ft. Worth de Den. City and all affiliated lines:
12 Months. from(1913-14
Gross, $13,222,737; net, 3,476,734
Gross, 15,077,667; net, 4.454.705.
July 1 to June 30.11912-13
REPORT.-Report for 1912-13 at length, showing operations of system.
Including the Ft. Worth & Denver City and Col. Spr. & Crip. Cr. Dist. By.
Denver & Interurban RR., Colorado RR., Ft. W. & Deny. Term. By. and
Wichita Val. In V. 97. p. 1419. 1430
1912-13.
1911-12.
1010-21115
1,881
Average miles
$15,077
114
79
7 $13,959,976 $15.824.064
Total operating revenues
10.622,961
Operating expenses
9,616,454 10.334,111

RI

Operating income(am'c==)
Total net income
Int. on bonds, equip. oblig'as, &c
Dividend first pref. stock (4%)
Dividend second pref. stock (4%)
Dividend common stock

23,909,364
24,753,642
23,088,566
340,000
340,000
(1)310,000

$3.807,529 $4,978.345
24.597,803 55,623,566
$3,097,835 83,324.974
340.000
340,000
340,000
340.000
(2)620,000 (2)620,000

Balance,surplus for year
$675,076
$199.969
6998.592
OFFICERS.-Chairman. George B. Harris; Pres., Darius Miller; v.-P.:
A. D. Parker, Denver, Colo.; Sec. and Treas.,B. F. James, Denver.Colo.;
Asst. Sec and Asst. Treas., T. S. Howland, Chicago. Ill.; Cashier, J. M;
Walker, 26 Liberty St., N. Y.-(V. 98, p. 1920; V. 99, p. 342.)
COLORADO SPRINGS & CRIPPLE CREEK DISTRICT R Y.-Colorado
Springs to Cripple Creek. Col., 47 m.; branch. Cameron to Victor. 5 in.;
other branches and spurs, 22 m.; total. 75 in.; of which 57 m. steam, 16 m.
steam and electric and 2 m. solely electric. In Jan. 1905 Colorado &

OCT., 1914.j

RAILWAY STOCKS AND BONDS

45

Last Dividend Plates Where Interest ant
When
Rate
Amount
Par
Miles Dale
Dividends are Payable
RAILROAD COMPANIES
Payable and Maturity
Road Bonds Value Outstanding
tFor abbreviations. &e., see notes on first page]
New York
J &J Jan 1 1958
5
(t)
;LOW
1908
$75,000,000-_
Colorado Texas & Mexico-First mtge
100 ;2,300.000
--$2,300,000
Colorado Wyom & East-Common stock$2.000,000_
100 2,000.000
___
American Tr (Jo, Boston
Pref & d)stock 6% non-cum red par
6g J & J July 1 1929
240.000
1.000
1904
Guaranty Trust Co, N Y
Laramie Hahn's Pk & Pac 1st M gold-AB•ze*
6g J & J July 1934
550.000
100 &c
1914
Ii§
red
Trust Co, N Y
gold
10256
Equitable
July
1944
1
$2,500.000
to
Up
6
1st & ref M
100 &c 1.600.000
112 1914
text
Safe Dep & 'Or Co, Bait.
3g J & J July 1 1937
Gen M (income) $1,600,000 gold red par
899,030
1.000
75 1887
per m_SBaz
Colum Newb Cc Laurens-lst M $12,000
Ry
Columbia Ec Greenville-See Southern
Valley By
Columbus & Toledo-See Hocking
50 1.786.200 See text. Q-M Sept 10 '14 2% Treasurer, Columbus, 0
55
rental
8%
Hanover Nat Bank. N Y
-Stock
J & J July 1 1915
5
Xenia
500,000
Columbus Ec
ii1§3 500 &o
la)-Flrst mtge_-_z
Mutual Nat Bank,Batton
5
J &J Jan 1 1944
500.000
Combination Bridge (Sioux City,
1.000
1914
71
zo
mortgage
Checks mailed
Oct
1914
1
Q-J
151
7
800,000
Concord & Claremont (N H)-First
100
__
M prep
&
C
(B
/
Class
-Stook
do
Si
1
Oct 1 1914
100
7
540,400
Concord & Montreal
do
Stock Class II (B C & H new)
100
7
459,600
. Oct 1 1914 1(
2L-1
do
1
Oct
1914
13i
Stock Class III(B C & M old stock)
100 4,657,500
7
Q-J
Safe Dep & Tr Co. Boston
June 1 1920
&D
J
Stook Class IV (Concord) (text)
4
1.000
5.500.000
1890
262
$5.500.000-1313.zo:
31 for
S I) & Tr, Boston
Boston
1
June
1920
&D
J
Concord & Montreal cons
&4
1.000
334
1,050,000
97-99
ze
4s)
do
do
Debenture bonds cur. ($650,000
1,000
473.000
z
334 J &D June 1 1920
1900
$500,000 interest guaranteed__
334% Manchester. N H
do
do
July1914
&
J
100
7
350,000
years_
4034
rental
99
7%
Co,Boeton
Tr
&
Dep
Safe
Aug
Concord & Portsmouth--Stock
1914
100
1
&A
3%
F
6
2.500,000
stock 6% rental 99 yrs-e•
Safe Dep & Tr Co. Boston
Apr 1 1943
Coon& Passumpsic-Pret gold
4g A &
1,000 1.900.000
ze•
110 ig§5
do
do
First mortgage $1,900.000
100
6
F & A Aug 1914 3%
400.000
37
div as Conn & Passump
do
do
Massawitiel stock guar samegold
5g
Jan
J
1941
1
&
J
1,000
350,000
21 1911
guar by C & P _zo•
Newport & Riohford 1st al
Boston, Mass
5%
.7
July
1914
100
1
&J
10
3,233.300
authorized____
88
$3,670.300
Connecticut River-Stock $1,000.000 gold
do
S
1943
4g
1
&
1,000
M
Sept
zc
1,000,000
1893
Bonds not mortgage for
do
1,000
334 J &J Jan 1 1921
290.000
1901
Bonds not mortgage
do
35i J &J Jan 1 1923
1.000
969,000
1903
do
do
.&Co.N I & Bos
Alor
P
J
J
&c
5
2
&
1.000.000
5.000
June
D2
1915
1914
Notes 92,000,000
&c
1
Dec
1914
1914
6
2.300,000
1.000
guar
notes
RR
Valley
Vermont
Station, Phlia
St
Broad
4g
S
1951
15
1,000
15&
Mch
1911
4,000,000
37
i_GP.kve*
p&
guar
Conn (Phila)-1st M $15,000,000St red par_U Pi xe&r
Union Tr Co, Pittsb,_ Pa
4g
1,000
755,000
M & S Sept 1 1930
1905
Connellsville & Monong-1St Mg
Y
Cooperst'n
Bk
Nat
&(3
N
5
&
100
M
May
1918
1
200.000
1888
guar_z
1934
int
$200.000
al
Vall-lst
Cooperstown & Susa
Boston. Mass
5g
Text 1899
WO he 2,280.000
A &
Oct 1 1949
Copper Range-First mortgage gold (see text)
J P M. & Co, N & BOO
See
A
text
1
1.000
&
F
Feb
1959
1909
197
,
ox
$50.000.00001E0
western-lst
North
&
Copper River
50
800,000 See text Semi-an. Dec31 1913 1% Trees office. Phila. Pa
26
Cornwall & Lebanon-Stock
do
do
4
764.90
100 Ice
A &
Apr 1 1921
26 1891
First al extended at 4% in 1906 (V 82 p 1322L.__xr
4 In 1913 Quar. Sept 1 19141% Cheeks mailed
100
2.500,00
stock
-Common
Central
Cripple Creek
do
4
100
1
in
3.000.00
Sept
1914
1913
Quar.
1%
Preferred stock 4% non-cumulative
Farmers' L & T Co. N Y
5g J &D Dec 1 1925
1.000
352.00
41 1895
Midland Term first mtge gold sinking tuna_ __F.xe•
Cuba Eastern-See Guantanamo & Western
1423.
il,1
CONNECT NO R Y. (PHILADELPHIA).-Owns from Girard Ave. to
Southern acquired all the stock except $900 com. V.80. p.472,Ry.
system) Frankfort Jet., Phila.. 6 m.; North Phila. to Chestnut RM.7 in.; branches_
Leased to Florence & Cripple Creek RR.(Cripple Creek Cent.
ho., 23 m.; total. 36 in. V. 73, p.300. Stock authorized. $5.800,000; out123.
p.
94,
V.
11935.
May
to
standing, $4.116,650, of which $3.613,650 owned by Penn. RR. Dec. 31
Stook, all outstanding. com.. $1.200.000: pref., 5% non-cum.. $800,000.
paid Feb. 1907, June 1908 and 1913, which operates road under lease assigned to that company by Phila.
Par of shares. $100 each. Div.5% on pref.,
& Trenton RR.,terminating Feb. 182862. Dividends 4% yearly (J.& D.).
mtee.
first
retire
can
Sinking
fund
1908
Sept.
2%.
com.,
On
11909.
Nov.
1911 made a new 1st M.for $15,000,000. of which $4,000.030, guar.,e•&
bonds yearly at 110 for first 15 years, then at 10754 for 5 years. then 105 for In
1., by Penn. RR., have been sold; 52,059,000 were exchanged for the outV.76. p. 345.
next 5 years, 10234 for 3 years. thereafter at par.
standing
$2.059.000 334% bonds and 51,000,000 for the 434% bonds due
123.)
n.
822;
p.
94.
V.
V
740:
p.
87.
-(V
Parker.
Pres.. A. D.
May 1 1913. V. 93, p. 229. 730: V. 98. p. 522. 610. There were also 4%
WYOMING 6c EASTERN RY.-Owns from the certfs.
(THE) COLORADOLaramie,
of indebtedness outstanding Dec. 31 1913, due Dec. 31 1914, SI,miles,
111.35
to
Colo.,
Wyo.,
Coaimont,
Union Pacific)RR. at
Incorporated in W yoming June 2 1914. 044,000 owned by the Penn. RR.-(V. 98, p. 1693.)
where large coal fields are located. Hahn
's Peak St Pacific By. foreclosed
CONNELLSVILLE & MONONGAHELA R Y.-Owns Moser Run Jet, to
Successor June 4 1914 of Laramie
p.453; V.98. p. 1766, 1845. Under the plan, erownsviiie, Pa., and Low Jct. to Low Plies, Pa., 15.68 miles; branches and
May 12 and 13 per plan V.98,
spurs, 6.70 m.; total track, 22.38 miles (connecting Penn. with Mononganot
houses
banking
two
by
underwritten
were
6s
M.
Ref.
&
$550.000 1st
plan reduced the fixed inter- hela fly.). Incorporated in Penn. Mch. 11 1905. Leased to Penn. RR.
formerly connected with the property. The
until Jan. 1946 at rental equal to 4% on cost of road, taxes, operating and
est charges to $47,400.
Trowbridge Callaway, as maintenance charges rental being more than sufficient to pay Interest
and
Sanderson
Henry
Hemphill,
Alexander J.
the
On
charges
and retire principal of bonds through sink, fund at or before maaccrued
interest
all
until
stock
new
voting trustees, will nold the paid
and the current interest paid regularly turity. Sink. td., $25.000 yrly., to call bonds in numerical order, but to
Income bonds shall have been
be
year
kept
one
alive.
V.93. p. 407. Stock. $700.000. Controlled by or In Interexceeding
period
not
further
such
for
and
for 2 consecutive years,
may deem advisable, if lawful. Interest on est of U. S. Steel Corporation. Pres., Thomas Lynch: Sec. and Treas..
as the trustees in their idscretion
D.
J.
be1,
Nov.
and
1
93, p.407; V.97, p.443; V.99, p. 406.)
May
McCreery.-(V.
on
declared
and
earned
if
payable,
Income bonds Is
COOPERSTOWN & CHARLOTTE VALLEY RR.-(See Map Del. &
ginning May 1 1915.
EARNINGS.-Of old co. for year ending June 30 1913, gross, $167.209; Elud.).-Owns Charlotte Crossing to Davenport Centre. 3.96 m.; leases for
net, before taxes, $17,516. For 10 mos. ending Apr. 30 1914. gross. $132.- 99 years from Jan. 11889, Cooperstown & Susq. Valley RR., Cooperstown
to Charlotte Crossing, with branch to Cooperstown Jct.. 19.48 in.. guaran782, against $145,537; net,$12,405. WA.$25,269.-(V.98. p. 1766.)
to Laurens, teeing interest on the latter's $200,000 5% bonds. V. 97. p. 1503. Year
COLUMBIA NEWBERRY & LAURENS RR.-Columblaas
35 in 1900. ending June 30 1914, gross, $57,344; op. inc., $17,191: charges. $14,347:
es. but re-Issued
S. C.. 75 m. Stock. $500.000. Bonds were
$45,000, owned by Del.& Hud.-(V.77.I). 88.)
Income certificates to amount of 40% of bonds being issued. Outstanding bal., sur.,$2,844. Stock,
COPPER RANGE RR.-Calumet, Mich., to Mass City, with branches.
June 30 1914, $359,600 eds. for funded coupons; working liabilities, $166,$3,850.
trusts.
car
notes;
m.;
m. Stock, $4,244,300, of which $1,639,200
82
income
33
sidetracks,
total.
$64,454
381, incl.
Gross, $46,681; net, $4,578 owned by Copper Range Consolidated (Mining) Co. Bonds limited to
EARNINGS.-2 mos., (1914
Gross, 50,168; net, 7,822 $20,000 per mile of maln line and branches and $15,000 per mile of sidings.
11913
July 1 to Aug. 31.
Year ending June 301914, gross, $355,891; net. $116,161; other income. Of the $2.280.000 bonds outstanding, 5870.000 were in Jan. 1914 held in
gross, the treasury of the Copper Range Consolidated Co. V. 78. p. 228. Divi$2,663: int., taxes, &c.. 568,455; bal., sur.. $50,339. In 1912-13.
$322,770. Pres. and Gen. Mgr., J. F. Livingston, Columbia. S. C.with dend, 10%. paid Nov. 1909 from accumulated surplus.
COLUMBUS & SOUTHERN R Y.-Wyandotte, 0., at a connection
Gross, $508,989; net, 5116,658
EARNINGS.-12 mos., i1913-14
the Penna. RR. to South Bloomingville, 22.82 miles. On Oct. 19 1914
Gross, 768,640; net, 275.228
1912-13
July 1 to June 30.
99, p. 1214. Stock.
other income. 55,132
$144.614;
Henry A. Middleton was appointed receiver. V. 1902.
net,
75.065;
year
$
Cal.
1913,
groin.
int. M.& N. at
dated
$200,000. Bonds, $200,000 1st mtge. gold 5sJune
$17,032. In 1912. gross, ;754,921;
30 1913, gross, $14.057; int.. taxes, &c., $166.778; bal.. def.,
Frederick StanBoston Safe Dep. & Tr. Co. For year end.
Treas.,
and
See.
Paine;
A.
William
Pres.,
5144,614.
net,
oper. def., $4,122. Pres., Fred. C. Rector, Columbus. 0.: Sec., A. B. wood, Boston.-(V. 78. p. 2280
Kiefaber, Lancaster,0.; Treas.,I. F. Anderson,Laurelv.0.-(V.99, p.1214.)
from Cordova.
RY.-Owns
COPPER RIVER & NORTHWESTERN
COLUMBUS & XENIA RR.-Owns from Columbus, 0., to Xenia. 0..
Valley to Copperfields near
55 miles. Operated as a division of the Little Miami. and Is leased for 99 Alaska. on tidewater, through the CoppertoBlver
J.P.Morgan &
by
controlled
be
Understood
Cinmiles.
197
Chitina
Pittsburgh
River.
the
the
to
road,
years from Dec. 1869, in connection with that
The lease is guar- Co. and M. Guggenheim's Sons. Possible sale or lease to Govt. V. 99.
oinnatt Chicago & St. Louis. which pays 8% on stock
anteed by Pennsylvania RR.Co. Dividends 2-5% per annum,from assets. p. 1130. Stock authorized, $5,000,000: par of shares, $100. In August
1909 filed a mortgage to secure $50.000,000 5% 50-year bonds; none out
were discontinued in 1901.-(V. 72. p. 532.)
COMBINATION SRI DOE (SIOUX CITY. I A.).-Owns steel bridge 1,940 Oct. 1914. V. 99. p. 410.
feet long over Missouri River, with approaches. 1 mile used by railroads
Pres.. S. W. Eccles; Vice-Pres., Robt.W,Baxter; Treas., E. S. Pegram;
and street cars and as a highway. Stock. $1,500,000. Mtge trustee, Union Sec., W. E. Bennett. Office, 165 B'way.-(V. 99, p. 1130.)
Trust Co., Indianapolis Ind. Pres., Jos. C Head Latrobe, Pa.; Sec., F.
CORNWALL & LEBANON RR.-Owns Lebanon, Pa.. to Conewago.
L. Eaton, Sioux City, Ia.-(V. 78, p. 102..286.)
21.66 m.; branches. 4.78 m. Pennsylvania RR. on Dec. 31 1913 owned
CONCORD & MONTREAL RR.-From Nashua, N. H.. via Concord. $500.000 of the $800,000 stock. V. 98. p. 696. V. 96, P. 947.
all. DIV1'97. '98. '99. '00. '01.'02 to '06.'07.'08. 09.'10 to'12. 1913. 1914.
Plymouth, &o.. to Groveton and the White Mountains, 450 mllea
0
including Manchester & Keeno, 30 in.: owned jointly, 414 m.: 35 m. double P.C.! 3 4 4)4 5 534 6 yearly 8 7 8 10 y'ly. below.
In 1913, Feb. 1,5%;July 21,5%;Dec. 31. 1%; 1914, June, none. Div.
track. Owns Concord Street By., 11 m.: also evectrie branch from Concord
to Manchester, N. H.. 17 miles. and Nashua & Acton RR..20 miles (stock) period now J. & D.
In 1913-14. gross. $311.374; net, after taxes, $35,355; other income.
On June 29 1895 leased to Boston & Maine for 91 years at rental of 7%
per annum on all stook. In April 1911 Bos. & Me. obtained authority to $14.478; bond int., $24,548; taxes. $15.811; div. (1%), $8,000; bal., sur.,
purohase stock. V.92. p. 1108. Shareholders Oct. 10 1911 authorized $400.- 51,474.-(V.89, p.224; V.96, p.947.)
al
(increasing stock to $6,457.600) and on Jun
WO additional stook for 'lots.
"COTTON BELT."-Common name for St. Louis Southwestern Fly.
4 1912 $1.500,000 in connection with the new electric road to Mt. WashingCRIPPLE CREEK CENTRAL RY.-Divide, Col., to Cripple Creek and
ton and improvements connected therewith. In Oct. 1913 project had Florence.
&c., 35 in.; Victor to Vista Grand. 6 m.; branches and spurs to
been abandoned for the present. V.94. p. 1507. 1565.-(V. 94. p. 1565.)
mines,
&o.. 45 in.; total, 86 m., of which 47 m. standard gauge; leases
CONCORD & PORTSMOUTH RR.-Owns Portsmouth, N. H. to Man- (through Florence do Cripple Creek RR.) Colo. Springs & Cripple Creek
99
in
rental
Concord
for
RR.
to
,vears;
1862
Leased
in.
4054
H..
N.
chester,
Dist. By., Colorado Springs to Cripple Creek. 47 in,, with branches and
ammo;7% on stock and org. exp. Operated by Boston & Maine.
spurs. 28 m. Controls Midland Term. By., Florence
Crip. Creek RR..
CONNECTICUT & PASSUMPSIC RIVERS RR.-White River Jet.. Vt., Golden Circle RR., Colo. Trading & Trans. Co. See V. 69. p. 851, 1011,
Valley, 37 miles.
1103; V. 72, p. 984, V. 74, p. 880; V. 77, p. 1542.
to Canada Line. 110 m.; leases 999 years Massawippl
Reorganization (per plan In V.78,p. 2018; V. 77. p. 1542,) of the Denver
Owns nearly all the stock ($350,000) of the Newport & Richford RR.,
Newport. Vt.. to Canadian line, 21 miles, operated under lease by Montreal & Southwestern, foreclosed Oct. 4 1004. V. 79. p. 1461.
and guarantees its $350.000 1st 30-year
do Atlantic By.(Can. Pac. system),
STOCKS
AND BONDS.-Com. stock, $2.500 000; 4% non-cum. pref.
91,
V.
946.
p.
1911.
1
5% bonds dated Jan.
stock. 33.000,000; par of shares, $100. V. 82. p. 1156: V. 85. p. 1209.
LEASE.-From Jan. 1 1887 leased to the Boston & Lowell for 99 years
till
6%
Jan.
and
1914.
1897
P.
5%
&
In
C.
thereafter.
stock
'05. '06.'07. '08.'09.'10. '11. '12. '13.
DIVIDENDS.pay
to
on a basis
Common, per cent__ 3 754 6 0 0 0 0 3
to purchase stock. V.92, p. 1108.
1, 1. 1.4
April 1911 B. & If. received authority
4
1. 1, 1, SECURITIES.-Massawippi stook receives same dividends as stock of Preferred. per cent._ 4 4 4 4 4 4 4 4
R -Report for year ending June 30 1914, in V. 99. p. 890.
REPOT.
lessee and $400,000 of It (not included In the amount outstanding) is pledged
as part security tor 4s of 1893. Of the $2.590,000 pref., $500.000. as also showed,gross earnings of roads controlled, 51.240.204: net Income of roads
1
Feb.
was
Ry.
by
over
purchased
stock,
Valley
1910
the
Massawippi
charges.
$121,321; total net income of parent co. above all exp.,
$50,000
Vermont Valley, under Its option, at par.-(V. 57. p. 1040; V. 94. p. 826.) $220,155; div. on pref. stock (4%). $120.000; com. div. (437 ). $100,000:
total
surplus
June
30 1914,incl. surplus of previous years,$483,642. Pres.,
Springfield,
from
Mass.,
to
-Owns
VerCONNECTICUT RIVER RR.
Ronaghan. Office. 25 Broad
mont Line at Brattleboro, 59.65 miles; branches, Chicopee Falls, 2.35 in.; Henry M. Blackmer; Sec. & Treas., A. J.
Easthampton, 3.50 m.; East Deerfield, 1.04 no.; Ashuelot, 21.82 m.; total. St., New York.-(V.97,p.950,1497; V.99.P. HO.)
CUBA RR.-Owns from Santa Clara, Cuba, to Santiago de Cuba, 358
88.36 mires. V.95. p. 1200; V.96. p. 1838. Controls Sullivan County RR.,
miles; branches. Zaza Jct. to Sancti Spiritus, Smiles; Alto Cedro to the Bay
Bellows Falls to Windsor. Vt.,26 miles. V.80,p. 1478; V.81, p.899,
1723. of Nipe. 31 m.; Ronupo branch, 11 m.: Jatibonico branch.1134 m.; Holguin
In April 1911 B.& M.received authority to purchase stock. V.92. p. 1108.
The Act of June 10 1912 authorizes purchase of Vermont Valley and Sulli- branch, 11 in.; Manzanillo branch, 3254 m.; Bayern() extension. 141 m.:
van County railroads. V. 94, p. 1626; V. 95, p. 679. In June 1914 sold total, 602 miles; Fomento-Trinldad-Casilda branch, under construction,
$2,000.000 one-year 5% notes to retire old 1-year notes maturing June 2 56 miles. See V. 75. p. 1157, 1347. The Cuba Co. owns the outstanding
1914. V. 96, p. 1488; V. 97, p. 175. Guarantees $2,300,000 Vermont $10,000,000 common and $1,000 pref. sto k. The stockholders on May 28
1914 authorized an increase in the common stock to $20,000,000, the new
Valley RR. 1-year 6% notes dated Dec. 1 1913. V. 98. p. 235. 1766.
LEASE.-Leased for 99 years from Jan. 1 1893 to the Boston & Maine. stock to be placed in the treasury for future requirements. V. 98, O. 1766.
p. 236. 364,662: V.98,P. 1766.
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
First div. on pref., 15i%. Aug. 1909; 1910. Feb., 134%; Aug..2%;1911,
stock, payable directly to stockholders; also interest on bonds and scrip and
Feb.,
2%;
p.
expenses.
98,
V.
175;
p.
97.
1766.)
Aug.. 254%; 1912, Feb., 234%; Aug., 3%; 1913. 6%; 1914
-(V.
organization
$2,000 for




46

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first pane]

Miles Date
Road Bangs

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. XCDC.
Last Dividend Places Where
Interest and
and Maturity
Dividends are Payable

$20,000,000
$100 $10,000,000 6 in 1914 See text Nov 1914 3%
Cuba RR-Common stock
___ ____
100 10.000.0006 In 1914 F & A Aug 1 1914 3 Checks mailed
Preferred stock 6% non-cumulative *10.000,000_ _
(Lac'hr•
602 1902 1,000 ha 12,030.000
g J h J July 1 1952
First mtge gold $20,000 per mile
Royal Bk of Can, N y
-__ 1910
Nan
$ is fr. 4,000,0005 g IA & N May 1 1960
Impt & equip M g $12,000 per m
do
do
1914
1,000
Equipment trust certs., due $43.000 semi-ann
F & A To Feb 1 1924 Montreal
5
817.000
Nx
___ 1912
1,000 5,000.000
J & D Junel 1915
5
New York Tr Co, N Y
(The) ‘..umbertand Corporation-Notes
mtge
g
guar
53
Pennsylvania-First
___z
1891
1,000 1.000.000
AI & N May 1 1921
5g
Cumberland &
Guaranty Trust Co., N y
___ 1906
FBax
1,000
Somerset Coal car tr assum $76.000 yrly
J & D Deo 19144918 Fidelity Trust Co. Bait
5
380,000
12.9 1908
1,000 1,028,000
Cumberland RR-lst M $3,000,000 gold
5 g J is D June 1 1958
Guaranty Trust Co, N Y
Coal
Co-lst
M
$3.000.000 ggu48 1910
1,000 1,167.000
Cumberland Ry &
5 g A & 0 Oct 1940
Montreal, Canada
Cumberland Valley RR-Sec Pennsylvania RR
Term-First
red
Mg
(text)
_x
29
RR
&
1913
&
Cin
M
6
g
300,000
500
&c
Leb
& S Feb 1 1933
Dayton
3d-5th Nat Bk, Cincinn
--- 1871
50 2,401.950
Dayton & Michigan-Corn stock (334% guar C 11 & D)
334 A & 0 Oct 1 1914 134 Cincinnati. 0
___ 1871
Preferred (8% guaranteed C H h D) etidorsed
50 1,211.250
8
Q-J Oct 1 1914 2%
do
red
102
33
beg
end
ext
in
1911
1917_0
1
141
p&
1,000
1881
2.728,000 434 (5) J is J Jan 1 1931
1st *I gu
J P Morgan & Co, N Y
___ 1899
1,000
413.000
4 g J is J July 1 1949
Dayton Union Ry-First mtge sink fund call par_ _ Fx
Farmers' L & Tr Co. NY
£100
£67,700
1914
5
Death Valley RIZ-First mortgage
245 _25 5.078,275
Delaware-Stock 8% guaranteed
8
J & J July 1 1914 4% Checks mailed
FP.xo•
113 1892
500,000
1.000
434 g J & J July 1 1932
General mortgage gold
Broad St Station, Philo
_
100 1.800,000
8
Delaware & Bound Brook-Stock 8% gu Phila & Read
Aug 20 19142% 11 W State St.. Trenton
5
guaranteed_
_pep,ge•
ea.
Hog
1,000 1.800,000 334 g F Q-F
1
First consol M $1.800,000
& A Aug 1 1955
Meth Nat Bk.Trenton,NJ
Delaware & Eastern (foreclosed)-See Del & Northern
100 42,503.000 in 1914 Q-Mch Sept 21 1914 234 Office 32 Nassau St. N Y
Delaware Ec Hudson-Stock $55.711.500 (text)
___ 1877 1.000 he 5.000.000
M is S Sept 1 1917
7
First Mon Pennsylvania Div ($10,000,000) Un.zchr
do
do
z
14 1874
100 hc
Schenectady & Duanesburg first mortgage
500.000
6 g M & S Sept 1 1924
do
do
1.000 1.000,000
57 1892
Adirondack 1st lii gold guar p & I end__ _Us.ze.hr
434 g Ai & S Mch 1 1942
do
do
1st &ref m 50,000,000 g s f red 10734 beg'18_xc•Ea'
___ 1908 1.000 Etc 32.204,000
4
NI & N May 1 1943
do
do
gc•hr
___ 1906
4 g J 15 & D June 15 1916
1.000 13.973,000
Debentures 514.000.000 gold (see text)
do
do
___ 1907
1,000 9,643,000
434 g J & J July 1 1922
Equip 1st lien bonds $10,000.000 g s f__Usm.xo•Etr
do
do
Guarantt'ed Securities___ 01-'02
1.000
675.000
Hudson Coal Co deb gu p & I end part due yearly_z
AI & N May 1 1915.18
4
do
do
300,000
1,000
_-_ 1890
4
Bluff Point Land Improvement Co 1st DI g gu_zo•
J is J Jan 1 1940
do
do
N.xo•hr
1,000 1.300.000
1902
J & J an 1 1942
Chat Ore & / refunding mtge call 105
do
do
RR;
NY
&
Canada
Susquehanna
RR;
Placid
Ch
RR; Utica Clinton do Bing RR; Coop & Ch arl Valley-See those 00s
ateaug
._- ay & Lake
Albany &
___
50 42,277.000 20 in1913 See text Oct 20 1914 234 90 West St. New York
Delaware Lacka & Western-Stock auth $42.277.000--.'80-'86 100 &a
x
320.000
---Bangor & Portland mortgages gold
6 g J do J 930-1936
do
do
&
B-1st
M_ _z
39 1860 One bond
Delaware Maryland & Virginia-June
J is J Jan 1 1932
3
$185,000,
Broad St Station, Phil
Break & Frank 1st It to State red since Jan 1895-z
200,000
19 1874 Onebond
3
.7 & J. Jan 1 1932
do
do
xo•
Other mortgages
4
1,308.978
Overdue
do
do
6 (3 F. & A.). On corn., May 11913. 4%; May & Nov. 1 1914, 3% each Cambridge, Md., 32.96 m.: Masseys, Del., to Chestertown. Md.. 20.52 m.;
from earnings of year ending June 30 1914. V. 96, p. 236, 663. First other branches, 7.22 m.; total, 245.15 miles. V. 67. p. 1356.
Leased to Philadelphia Baltimore is Washington (which owns $2,829,600
M.bds. application to list. V.86. p.924; V.88, p. 451; V.89, p. 162; V.91.
P• 38, 1253. Stockholders on June 27 1910 auth. a mtge. to secure 5% im- of the stock) for 99 years from Itch. 1 1910 at a guaranteed rental of 8% on
provement and equip. bonds not exceeding $12,000 per mile (excl. sid- the stock, a special stock dividend of 70% being paid Feb. 28 1910; also a
ings) owned; in July 1912 $4,000,000 were sold to retire the $2,000,000 special cash dividend of 20% and an extra cash dividend of 5%.
Divs. prior to lease. 1898 to July '06. 6% v'ly:'07. 8%;'08, 8%; 09. 8%1
2-year 6% notes due Aug. 15 1912 and for extensions and impts. Bonds
are also Issuable in francs. V. 91. p. 588, 1253; V. 95, p. 175.
'10. Jan., 4%; July, 4%. For year ending Dec. 311913, rental. $431,764;
EARNINGS.-For 2 months ending Aug. 31:
other income,$60,873; charges,$66,194; dive.,$406,262; bal.. sur.. $20.181.
Cross.
Net.
Charges.
Balance. __(v. 90, p. 913, 1554; V. 94, p. 123. 278.)
5726.031
$293,030
$140,571
$152,459
1914
DELAWARE is BOUND BROOK RR.-Owns from Bound Brook (Cen685,060
297,253
133.583
163.670 tral of N. J.) to Delaware River.
1913
27 miles; branch to Trenton. 3.79 m•:
REPORT for year ending June 30 1914 was in V. 99, p. 671, showing: second track. 27.02
m.; third track. 9.02 m.; East Trenton RR., 2.97 M.:
net,
after
taxes.
$2.470,922; bond int., &c.. 8954.417: all track,
Gross, $5.164.671;
88.17 m. In May 1879 leased for 990 years to Phila. is Reading.
pref. div, 18 mos..(9%), $900,000; corn. div. (6%). $600,000; bal., ur., Rental, 8213.000, paying
interest and 8% on stook.-(V. 81. P. 210.)
$16,505.
DELAWARE is HUDSON CO,-(see Map.)-Operates railroad lines
Pres.. Sir William C. Van Horne: V.-P. and Mgr.. Domingo A. Galdos;
V.-P., Geo. H. Whigham; Sec., Herbert C. Lakin; Treas.. Stephen H. Voor- from Wilkes-Barre, Pa.,via Albany,N.Y.. to Rouse's point, on Canada line.
with branches, 878 miles in all. V. 68, p. 871.
hees. Office, 83 Montgomery St., Jersey City, N. J.; 52 William St. N. 17
Lines owned-(y.95, p. 175, 197. 615, 1541; V.97, p.663; V.98, p. 1766: V.99. 671.)
Miles.
Lines leased-See these cos. Miles.
(THE) CUMBERLAND CORPORATION.-ORGANIZATION.-A Lackawanna is Susquehanna__ _ _ 22 'Albany is Susquehanna
142
17 'Rensselaer is Saratoga
holding co. owning the stock of Caro. Clinch. & 0. Ry. and Holston Corp., Valley RR of Pennsylvania
192
which owns properties along the railway and at Charleston, S. C. On July 1 Honesdale and other branches_ __ 37 •Chateaugay is Lake Placid RR- 80
Schenectady
Cumberland
holdings
of
syndicate
is
in
the property were distributed.
Mechanicville_ _ _ _ 10 'Union Railroad
1912
22
Stock. common. $25,000.000; 6% non-cum. pref., $15,000.000, all paid Cherry Valley Sharon is Albany_ 21 'Jefferson RR. (trackage)
35
In. In 1912 sold Seaboard Air Line Ry.stock and retired the 515.000.000 New York is Canada
150 Boston is Maine (trackage)
22
due
notes
June
Schenectady
15 1912. V. 94, p. 1448. In July 1012 sold
is Duanesburg
collat. trust
14 Other lines
76
$5.000.000 3-year 5% notes secured by $25.000.000 Carolina Clinchfield & Adirondack Railway
57
Ohio Ry. common stock and $5,000.000 of its pref.
into which the 'Cooperstown is Charlotte Valley 4
Total operated Jan. 1 1914_ _904
Also leases Utica Clinton & Dingh. and Rome & Clinton RR.,44 m.,subnotes are convertible at par. V. 95, p. 361. 422.-(V.
stock,
95.p. 422. 480.)
to N. Y.Ont.& W..and controls Quebec Montreal& So. Ry., which see.
CUMBERLAND & PENNSYLVANIA RR.-Owns from Cumberland. letIn
10.th 1905 a halt-interest in the stock of the Schenectady By., 116
Md., to Piedmont, W. Va.. and several branches, 57 miles. Owned by was
purchased. V.82. p. 687. Owns *12,499,600 of the 512,500.000miles.
Coal
Consolidation
Co.,
which
stock
guarantees
by
The
endorsement the of the
United Traction Co. of Albany. V. 81. p. 1550. 1610; V. 84. p.
51.
first mortgage. V. 52. p. 390. Stock. 51.500.000: par. $100. On Dec. 1
&C.-This company was chartered April 23 1823. It is one
1907 purchased 1,523 cars from the Somerset and Fairmont coal companies, ofFI/SPORY.
the largest miners of anthracite coal. Hudson Coal Co. in June 1909
assuming the car trusts issued thereon, viz., 5836.000 of Somerset Co. (see
table above) and $45,000 additional, which matured in series to May 1009. agreed to purchase the entire coal output. V.86, p. 913; V. 88, p. 1499.
D8E
6 NDS.--1, '87. '88. '89 to '96. '97 to '00. '01 to '06. '07 to '14.
V. 85. p. 1401. Year ending June 30 1914, gross. $905,835; net, $191,511. SinDcIeViI8
In 1912-13. Gross,$928,302: net. $268.348; other income,$169,539; charges,
%I 5 6
7 yearly. 5 yealy. 7 yearly. 9 yearly.
8143.818; divs., $148,215; bal., sur.. $145,854.-(V. 85, p. 1401.)
STOCK, &C.-In 1900 to 1906 51.288.500 stock was retired; none since.
CUMBERLAND RAILWAY is COAL CO.-Owns road from Springhill
Stockholders May 9 1905 authorized Increase of $5,000,000 stock for conJct. to Springhill Coal Mines, N. S., and Parrsboro on the Bay of Fundy, version, at option of holders, to April 1 1916, of 510.000,000 Albany is Susq.
32 miles; also coal acres, timber lands. &c. The Dominion Steel Corpora- 334% bonds. dated April 1 1906. on the basis of $500 stock for $1,000 of
tion late in 1910 arranged to acquire the $1,000.000 stock, which has been bonds. The bonds were sold at par pro rata to D. is H. stockholders to
exchanged for $600,000 Dominion Steel common stock, the $979,000 6% refund the Albany is Susq. 6s and 7s, effecting a material saving of interest.
bonds being exchanged for *1.167.000 5s guaranteed by Steel Corp. issued In 1909 the Albany is Susq. stockholders were held by higher Federal courts
under a mtge. for $3,000.000 providing for future requirements. V. 91, P• to be entitled to the benefit of this refunding, increasing the yearly rental
1629, 1766: V. 92. p. 186, 1435; V 97, p. 1583. Operated under lease by paid. V. 85, p. 721: V. 83. p. 1036; V. 80. p. 1174. 1362, 2343; V.,88
Dominion Coal Co. For year 1912-13. gross, $110,799; net. $19,854. p. 938. 1499; V.89.p. 1068, 1141; V.90, p. 911. To July 1914 *3,556.000
bonds had been exchanged for D. is H. stock.
(V. 97. p. 1583.)
The 49' 10-year debentures dated June 15 1906 were exchangeable for
CUMBERLAND RR.-Owns Artemus to Wheeler, Ky., 10.2 miles, and
Lansford to Anchor, Ky., 2.7 m.: total, 12.9 miles. Incorp. in Kentucky stock at the rate of $500 stock for 81.000 debs. between June 15 1907 and
in 1902. Stock auth., $100,000; outstanding, $20,999; par, $100. Bonds 1912 incl. V. 82. p. 687.
The equipment lien 434s of 1907 (510.000,000 issue) have an annual sink($3,000.000 auth. Issue) outstanding June 30 1913, $1,028,000. Year ending June 30 1913. gross.844,323; net,after taxes,$3,728; int.,&c.,$27.247; ing fund of $650,000 to purchase bonds of issue, other securities or additional
bal., def., $23.519. Pres.. R. W. Stone; Sec., J. L. Stone; Treas., A. J. equipment to come under the mtge. V. 84, p. 1247. 1307; V. 85, p. 1082.
On May 12 1908 the stockholders authorized a first and refunding mortHazeltine. Office. Artemus, Ky.
gage for $50,000,000. bearing not over 4% int. and running 35 years, and
DAYTON LEBANON is CINCINNATI RAILROAD is TERMINAL CO. subject to redemption as an entirety only at 10734 on any
Int. day. beginning
m.;
Hempstead
to Dayton May 11918. One per cent of the amount of bonds
-Owns from Lebanon,0.. to Lebanon.Jet.,23
is to be paid
Onion Station. 6 m..where te,minal property is owned; opened May 1910. to the trustee June 1 annually from 1909 to 1942,outstanding
to
be
used to purchase
Bonds,
Stock,
$100
Lakeland,
1
m
$1,000,000;
par,
Lambert
to
Branch,
bonds
or
for
improvements
and
extensions.
Of
the
issue,
*6,500,000
auth , $500,000 ($300,000 sold Jan 1914); are subject to call on and after reserved to retire the outstanding 1st H. bonds; 520,704.000 were will be
issued to
3 years at 105; sk. fd., 59'; Cent. Tr. Co., Cincinnati. trustee. V. 85. discharge outstanding obligations maturing during
1908 or for construction
p. 1518 For year ending June 30 1914, gross. $75,556; operating deficit, work in progress, and in Jan. 1911 $7,000,000 and in
June 1914 34.500,000
$29,817; other income. $15; int., taxes, &c., $34.970; bal., def., $64,772. were sold for improvements and additions. V. 86,
p. 98, 1409, 1589; V. 87,
In 1912-13, gross,$70,628. • Pres., Eugene Zimmerman,Jackson,0.; V.-P. p. 96. 480. 1419, 1604; V. 89,, p. 847. 1541: V.
90. p. 51, 167:
92.p. 186,
& Treas., Frank Brandon, Lebanon, 0.-(V. 97, p• 155.)
394; V.96, p. 1156. 1700; V.97, p. 1024; V.98, p. 1168, 1844;V.
V.99, p.48.
to
Toledo
June.,
0.,
-Owns
Dayton.
0.,
RR.
DAYTON & MICHIGAN
EARNINGS.-7 mos.,f 1914
Gross, $12,753,800; net, $3.875,055
141.15 m.; trackage into Toledo, 0.92 m. Leased May 1 1863 in perpetuity
Jan. 1 to July 31. 11913
Gross, 13,835,830; net, 5,087,093
to Cin. Ham. & Dayton. Lease modified June 23 1870. Rental is mainteREPORT.-For year 1913 in V. 98, IL 1150, 1168.
nance of organization. Int, on bonds and 8% on pref. stock and 334% on
Year ending Dec. 31corn. Guaranty on pref. Is secured by mtge. of 1871. but the pref, carries
1913.
1912,
1911.
Anthracite coal carried (tons)
no voting power. V.56, P. 813. Mtge. of 1856 Is held alive under mtge. of Gross
.911,959 8.009,596
9,295,307
earnings of railroads
1881. V.91. p. 1446: V.92, p. 118.-(V. 92. 9.526).
524,153,495
821,421.817
822.480,103
Net
(railroads)
88.943,188 $8.413,324 58,663,657
DAYTON is UNION RR.-Owns from Dodson. 0., to Union City, Ind., Coal department (net)
Dodson, 15 miles; total operated, 47 miles.
sur.801.692 sur.230.944 def.24.301
32 miles; leases Dayton toLouis
and Cln. Ham. is Dayton jointly own the Other income
1,818,133
2,141.399
1,755.162
The Cleve. Cm. Chic. is St.
30 1914. gross, 8141,630; net, $7,042:
$86,300 stock. Year ending Juno
Total net income
$11.563.013 $10,785,667 $10,394,518
other income. $4,479; charges, $38,138: bal., def., $26,617. In 1912-13, Miscellaneous rentals
$2.020,228 $2,034,257 $2,022,926
gross, $143,736; net. $21.879; other income, $4,614; charges, $34.436; Interest, taxes and miscellaneous_
_ 3.368.049 3.245,320
3,133,911
bal., def., $7,943.-(V. 97. 1). 236.)
Dividends on stock. 9%
3,825,270 3.825,270
3.825,270
at Dayton, 0. Used by Pitts.
DAYTON UNION R Y.-Union depot L..
Cln.
St.
Ham.
is
Chic.
is
Cin.
Dayton,
Clew.
Dayton
Balance, surplus
Cin. Chic. is St. L.,
$1,680.819 31.412,411
The earnings of the coal department32,349,466
is Union RR. and Erie RR., under lease which provides that Interest on
in 1913 were $16,045,308; expenses
bonds and other expenses be divided between them on train basis. Stock, $15,243,616; net. $801.692. In 1912, gross,
$13,397,557;
net.. $230.944.
30
June
1914.
gross, $114.079; net,
3321,000. all corn. For year ending
OFFICERS.-Pres., L. F. Loree, Chairman Exco, Comm., R. M. Oly&c. (Incl. div. 7% on stock paid
$48,950; other income, $120; int.. rentals.
Pliant;
V.
-P.,
Chas.
Pres.,
A.
$7,597.
G.
L.
Peabody,
sur.
,
Peck,
N.
Y.;
bal.,
2d
V.
-P.
is
Gen.
Mgr..
C. S. Sims.
Pittsburgh
as ground rental),$41,473;
Albany: 3d V.-P., W. H. Williams: Asst. to Pres. and Asst. Sec- W. B.
Pa.; Sec., R. C. Barnard, Cincinnati, 0.-(V. 73. p. 1312.)
Schofield;
Asst.
to
3d
V.
-P.,
G.
11.
C.
A.
Parker;
Treas.,
Walker;
Sec• F• IA•
the Ryan branch of Olyphant:
DEATH VALLEY RR.-Under construction from the
W. H. Davies, 32 Nassau St., N. Y.; Gen. Aud., Allen
County to
Biddy McCarty McCarty, Comp.,
the Tonopah & Tidewater RR. in Inyo authorized
Albany, N. Y.
was
to
issue
1914
$75,000 stock
borax mine. 16 miles. In March
Managers.-Robert M. Olyphant, Chauncey M. Depew, L. F. Loree,
and £47.300 10-year 5% bonds guaranteed by the Borax Consolidated. Ltd. William S. Opdyke, Archibald D. Russell, Cornelius Vanderbilt, W. H.
and on Sept. 2 1914 to issue £20,400 additional bonds, making a total of Williams. Henry W. de Forest. George I. Wilber, 0. A. Peabody. Robert
$67,700. V. 98. p. 911; V. 99, p. 269, 748.
S. Lovett, James A. Linen and Robert 0. Pruyn.-V. 99, p. 48.
DELAWARE RR.-(See Maps Pennsylvania RR.)-Shellpot Crossing,
DELAWARE LACKAWANNA is WESTERN RR.-(See Map.)-OperDel., to Delmar, Md.. 95.20 miles; branches, Centreville, Md., to Townsend, ates main line from Hoboken. N. J., opposite N. Y. City, to Buffalo, N. Y.,
Del.. 34 98 m.: Clayton, Del., to Oxford. Md.. 54.27 m.; Seaford. Del.. to 410 m.. with branches to anthracite region. Esc.. 547 m., viz.: ("see this Co.)




47

RAILWAY STOCKS AND BONDS

OCT.. 1914.1

—

QUEBEC
Caen eats Jo.

MA.P OF TKO

4.1

4,
E FIVat.

oeRivern

DELAWARE & HUDSON

Lyster

7ring Jc
done-Y.
:1

RAILROAD SYSTEM.

achenonci

Waterloo
St.Paryc er it.
t.Johns
;24

Sutton Jo.

Carl eton JO
1,terriptvIl1e.1

Sheldon
no
Ca:obi-14e Jo

-Prescott
GDENSSIJR

Hilto
Berlyn

oar. Vincent

4.

Plymouth
'Record White 1LJunc.

3 aninkburg

RUTLAND
CC
Windsor

Sandy Cr.
Richland
'.0
C.)

00005110

?Froelich
Ludlow

Oswego
1.44.
YORK

4'
)
6

HADLEY
CO [NTH

Ore

‘Is

VOTUIVIIIB
ice

'P'‘IS
,
I .5f..,•,, °
'
• + v.Jot,,:on,,,

4,Greenfield 9

'''..ARA
TIg
c4K1
r 'IG
en:.A

fl 44,
•
....

SAL M
1

DELLO‘
,S FALLS

i'./to'..r L'''.4.. .c.4.' -1

OO.6.e,"7
Richfield Jo.
ongO,'c.,0
'
0
unington Drattebor (')
Richfield.
4
.
°
.
/0,
0 lichen
SPrInge
.4
,
,'
,/
a
4;5.
lea i'..t,''..
Fknonn ttArien
H ER RY VAL Y
South Vermin
...1 ...
------PERSTOWNROY
Nolth ,kdam',
New Berlin
ton.
4,
lion
iikoo
4
BANY

Be
D Ruyter

C''''''"

it:cher-1 .
tch

lin T1 r

theca

Lugo Forks
Fort Cm
role

S.
StArniec rim:mock
7110M1.0

Hunter,
Andes°
atton
gairondi
Phoenicia
cpsys rails
4

Huntington

e
'sten V.

Rondout
Esgh ?ails e,

Weetilleld

T4,14
.
044,

.

Tiu trio

Rtlue
Co
tchflold p

ARTFO

N.
ate town.
atorbury
ti•

Cats
oktn

Itiverhoad

Sa

Fratevain 6
SboylklI Stun




Chet

4. -44.
_
4,44
,
/4

Re
Readung
Pirds oust
.otUt„

Jam-est:a

rebate

ringfi Id

Core.

[VOL. xclx.

RAILWAY STOCKS AND BONDS

Miles Date
RAILROAD COMPANIES1
Road Bonds
(For abbreviations, ctc., see notes on first page]
10 1896
Del River RR & Bridge-lst Mg gu p & I____up.xo•
1909
Deny Boulder & West-Ino 1st M $800,000 red par _x
53 1910
Denver Lar & N W-lst Mg red 108 $30,000 p m Bax
Receiver's certificates ($20.000 are 7s)
-Stock
common
(see
text)
_-Tr
Denver & Rio Grande
Preferred stock 5% non-cumulative $50.000.000-Tr
iA§6
First consol H $42,000,000 now 1st M g_Us.xe•&r
il:gg 1886
First & ref Ai $150.000.000 gold red 110 __Baxc•&r• 2.528 1908
1912
Adjust 31 incomes $25,000.000 7% cum red 115 Nxc•
Us.xo• der 1,667 1888
Improvement M ($5.000 per mile) g
434 1889
Rio Grande Western 1st Id gold (V 69. p 284) _Ce.zo•
669 1899
First cons mtge redeem at par see text) g__13.xc•
36 1898
Utah Central 1st M guar (V 68.( p724) gold- --(I .
Equipment bonds Ser B red 101 g $75.000 due as _x
1907
Bonds of Affiliated CompaniesCex
Rio Grande Southern first mortgage guar
180 1890
_Ce.xe•
mortgage
guar_
_
_
Rio Grande Junction first
62 1889
Utah Fuel Co 1st Ai $2,000,000 redeem at 110_ _ _Gz
1901
Pleasant Valley Coal 1st M s f redeem at 115 _ _ _ _ az
1898
Co.
Salt Lake City Union Depot & RR-See that
Deny & Salt L RR-Stk held in vet tr $35.000,000 _ _
1st m $35,000,000 gold redeem 105__Ba.xc*Scr*
text 1913
text 1913
Do cash hit: 3%,3 yrs; 4%. 1 Yr; then 5% __x
text 1913
Do cash int:4 yrs,1, 2.3& 4%,resp.then 5% _x
Adjustment (Income) bonds $2.000,000
- _ 1913
Locom equip notes gu Am Loc Co due $17,500 qu_c
--- 1910
1913
Equip notes g due $25,000 or $24,000 s-ann_Em.xc*
Denver Un Term Ry-lst M red 105 beg '19 text_ CC
1914
Des Moines & Fort Dodge-Common stock
Preferred stock 7% non-cumulative
First mortgage gold guar prin & interest_ _Ce.xc•&r
138 1905
2d M $600,000 gold (V.82, p. 1322) red at 105 ---Eq
1906
Des Moi la F & No-See St Paul & Des Moines

Par
Value

Amount
Outstanding

$1,000
100 &c
1.000
100
100
500 &c
1,000
$ & mks
500
1.000 &c
1,000 &c
1,000
1,000

1.000
1,000
100
100
1.000
1.000

Last Dividend Places Where Interest and
When
Dividends are Payable
Payable and Maturity

4g F & A'Ang 1 1936
1,293.000
700,000 To 5% See text July 1 1939
fig A de 0 Apr 1 1940
See text
..fune 1 1916
79.697 6 & 7
38.000,000
.1 1Jan 16 1911 234
49.779.800 See text j
4g
J•Jan 1 1936
34,125.000
J Jan 1 1936
6.382.000
436 gJ
A'Aug 1 1955
33.617,000
5g
0 Apr 1 1932
10,000,000 7 in 1914A
D June 1 1928
fig J
8,335.000
J July 1 1939
J
4g
15.190,000
()Apr 1 1949
4g A
15,080,000
0Jan 1 1917
4g A
390,000
s Mch'15-Scp'17
450,000
fig

1.000 x2,277,000
1,000 2,000.000
1,000
509,000
1.000
936,000

8. S, &c
Scc

Rate

4g
fig
fig
fig

Philadelphia, Pa
KidderdeCo.5 Nassau,NY
In default

a.a.a.a-a.a*a.a-a-a•

48

Office, 165 B'way, N Y
National Park Bank, NY
do
do
Bank' Tr Co, N Y;& Ber
N Y,Lond,Berlin& Amst
National Park Bank, NY
Guaranty Trust Co, N Y
do
do
do
do
do
do

& JJuly 1 1940
de D'Dec 1 1939
BO S Mch 1 1931
& J July 1 1928

Maitland, Connell, N Y
do
do
do
do
do
do

10.000.000
Bankers Trust Co, N Y
1,553,000
M & N May 1 1943
5
do
do
4,344.000 3-4-5 M & N May 1 1943
do
do
1,695,000 1-2-3-4-5 M & N May 1 1943
130 years
2,000,000 Up to5%
87,500
5
Q-F Feb '15-Feb '16 Harvey Fisk Fe Sons,N Y
fig
416,000
Mch'15-Mch'23 New York
Cont & Com Tr&SB,Chic
4.000.000
434 g M & S Mar 1 1964
4,283,100
763.500 See text August Aug 2 1909 5% 25 Broad Street, N Y
Central Trust Co. N Y
4g J & J Jan 1 1935
3,072,000
5g A & ()Apr 1 1935
25 Broad St. N Y
514,000

if Of which $1,777,000 in treasury; there are also $2.233 .000 n ot guara nteed

Miles. Lines Leased (Concl.)Lines OwnedMiles.
N. J. State line to N. Y. line_ __ _114 •Oswego & Syracuse
35
80 •Syracuse Binghamton & N. Y
Branch to Northumberland
81
2 *Utica Chenango de Susquehanna 97
Hopatcong, &c
Erie & Central N. Y.(V.96,p.202) 18 *Valley RR. of New York
11
38 •Lackawanna RR. of N. J
Bangor & Portland fly
28
7 Lines Controlled and OperatedHanover & Newport RR
Sussex Railroad
Lines Leased-(See each co.)31
Morris de Essex and leased brchs.176 Lackawanna de Montrose RR_ _ _ _ 11
N. Y. Lackawanna & Western_ _214
•Cayuga & Susquehanna
34
-Greene Railroad
8
Total operated Jan. 1914
985
Cut-off between Slateford, Pa., and Port Morris, N. J.. under construction, under charter of Lack. RR. of N. J.; 28 m., was opened Deo. 24 1911,
shortening line 1134 miles. V. 86, p. 543; V. 90. p. 557; V. 92, p. 656;
V. 93, p. 1323. 1786. Cut-off from Clark's Summit, Pa.. to Hallstead. 38
miles, reducing line 3.6 miles, cost $10,000,000 to $15.000.000. is to be
completed in spring of 1915. V.94,p.207. 1382: V.96,p.646; V.97,p.1662.
HISTORY, &C.-Original company chartered in 1832, present title assumed in 1853 In 1903 purchased entire stock N. Y. & Hoboken Ferry Co.
In June 1909 me D. L. & W. Coal Co. was incorporated with $6,800,000
authorized stock, to act as selling agent for the company's coal in Pennsylvania, the railroad stockholders being permitted to subscribe for its stock
pro rata to the extent of 25% of their holdings. See extra dividend below.
V.89. p.41: V. 90. p.557. Quarterly dividends of 234% on the coal company's stock were begun in Jan. 1910 and 20% extra was paid in April 1913.
V. 90, p. 54. The lower Federal Court on April 7 1914 dismissed the suit
brought by the Government charging violation of the commodities clause
of the Inter-State Commerce Act and the Anti-Trust Law. V. 96. P.
486: V. 98. p. 1155.
STOCK.-Stockholders voted Feb. 20 1912 to Increase the authorized
stock from 330,277,000 to $42,277.000, the $12.000,000 new stock being
offered to stockholders at par. payable 50% on or before Feb. 15 1913 and
50% Jan. 5 1914. V.94. p. 350; V.95. p. 1745; V.97,p. 1583. 1898.
1914.
DIVID'DS. 11904. '05. '06 to'08.'09. '10. '11.'12 '13.
Since 1885--%j 17 193 20 yrly. 70 20 20 20 20 234. 234,2Si 235
July 1909 paid special cash dividend 50% one-half applicable, if desired.
to subscription of stock of new D. L. & W. Coal Co. selling agency: also
15% stock dividend paid Aug. 2 1909, and in Dec. 1911 35% In 4% guar.
stook of Lack. RR.of N.J. V.89, p.41. 224: V.93, p. 1323:V. 94. p.549.
EARNINGS.-12 mos.,f 1913-14 __Gross, $39,819,284; net, $14,197,875
11912-13_ _Gross, 40,518,044; net, 15,234,813
July 1 to June 30.
ANNUAL REPORT.-Annual meeting Is held on Tuesday preceding last
The
report for 1913 was in V. 98. p. 681.
Friday in February.
1911.
1912.
1913.
Year ending Dec. 31$8.549.346 $7,722.953 $7,696,800
Passenger earnings
29,507.565 27.279.663 26.559,404
Freight earnings
2,330,359
2.561.895
2.727,237
Miscellaneous
840.784.148 537.564,511 $36,586,563
Gross
$13.742.106 $12,207,730 $12,841,976
Net after taxes
*3.184,686 *3.885,508 *3,490,085
Coal department (net)
1,105.696
1.607.537
1,143,409
income
Other miscellaneous
Total net income
Interest and rentals
Rentals, advances, &c
Renewals and betterments
Discount on bonds. &c
Dividends (10%)
Extra dividend (10%)

$18,070,201 $17.700,775 $17,437,757
$5.935,415 $5,695,074 $5,211,375
224,043
158,690
2,200,628
1,720,698
1,879,575
169,669
84,242
555.594
3,014,400
3,014,400
3,014.400
3,014,400
3,014,400
3.014.400

Balance, surplus after dividends__ $3,670.816 $4.013,271 $3,603,242
*Earnings of the coal dept. in 1913. $22,742,982; expenses, $19,558,296;
net, $3.184.686; 1912 earnings, $21,706,755; expenses. $17,821,247; net,
$3,885.508; 1911 earnings. $22.503.288; net, $3,490,085.
OFFICERS.-Pres., W.H. Truesdale; Sec. and Treas., A. D. Chambers:
Gen. And., G. E. Hustle.
BOARD.-Fredk, W. Vanderbilt. Wm. H. Moore. Henry A. C. Taylor,
Baker Jr.,
Wm. H. Truesdale, Geo. F. Baker, Wm. Rockefeller, Geo. F. D.
RockeJames Stillman, M. Taylor Pyne, Harris C. Fahnestock, John
feller Jr., William Fahnestock, Harold S. Vanderbilt. J. F. Talmage. Office,
681,
p.
1155.)
p.
1662,
1898;
V.
98.
York.
-(V.
97.
New
St.,
West
90
DELAWARE MARYLAND & VIRGINIA RR.-Owns from Harrington
Del.. 20 miles;
to Franklin City. Va., 78 miles; Georgetown to Rehoboth.
total. 98 miles. Controlled by Phila. Balt, Fe Wash., which owns $326.200
V. 50, p. 498.
of the $526.758 stock (par $25), and so by Penn. RR. See
In year ending Dec. 311913. gross, $398.545; oper. def., $83,473; other Income, $366; int., &c., $85,180; bal., def. for year, $168,287-but this does
not include interest on floating debt of $1,062,477 Dec. 31 1913.
DELAWARE & NORTHERN RR.-East Branch to ArkvIlle, 38 miles,
and 8-mile branch. Incorp. in N. Y. Oct. 14 1911 as a reorganization of
the Delaware & Eastern RR., foreclosed per plan V. 93. p. 588. Stock.
common, $1,000.000; 6% cum. pref., $250.000; par. $100.
For year ending June 30 1914. gross, $135,793; net, after taxes,
$4,129; other income, $2,371; int, and rentals, $1,852; bal., sur., $4,648.
Pres.. Andrew M. Moreland. Sec. and Treas., Clyde C. Taylor. Office,
Margaretville, N. Y.-(V. 96. p. 1725.)
DELAWARE RIVER RR. & BRIDGE CO.-Frankford Jct., Pa., to
Pensauken, N. J., and branches, 9.52 miles.
Capital stock ($1,300.000) Is all owned by the Pennsylvania RR.. which
guarantees bonds, principal and Interest, by endorsement. Dividends:
Deo. 1900 to June 1906, Incl., 4% yearly (2 J. de D.): Dec. 1906.11%; 1907.
6%; 1911. 5%; 1912 and 1913, 6%; 1914,
5%; 1908, 6%; 1909 and 1910.
June.3%. S .fund. 1%. Guaranty, V.63,p. 1062, 1159; V. 89.p. 1596.




DENVER BOULDER & WESTERN RR.-See page 140.
DENVER LARAMIE & NORTHWESTERN RR.-See page 140.
DENVER & RIO GRANDE RR.- See Mani-ROAD.-Mlleager
Road owned and operated
Of the preceding:
2,565
1,796
Rio Gr. Jo. RR., &o. (leased) _
106 Standard gauge
769
Narrow gauge only
178
Total June 30 1914
2,671 Second track
southm.
Rio Grande & Southwestern RR., Lumberton Station, Col.. 33
easterly. Is operated on basis of 25% of gross earns. V. 79. p. 907.
Jointly with Colorado & Southern constructed from Southern Jct. to
Walsenburg.51 m. V.90. p.626: V.93. p.597: V.115. p. 623. It is proposed
gradually to electrify the main line. first Helper. Utah,to Salt Lake City.
114 m.,then Salida to Minturn. Colo..87 m. V.95. p. 1402; V.97. p. 1426.
HISTORY.-On July 31 1908 the Rio Grande Western was merged.
V. 87, p. 226, 285. The Rio Grande Junction (of whose stock the greater
and
part is owned) is leased jointly by this co. and the Colorado Midland.
Midland
its bonds guaranteed. V. 95, p. 1541; V. 97, p. 886. The Colo.
Colorado &
Is controlled by parties interested severally in the D.& R. G.and
Southern, but see V. 99, p. 342. Rio Grande Sou. has been controlled.
The Missouri Facial on June 30 1914 owned $17,295,000 common and
$9,805,000 pref. stock, the pref. and most of the common deposited under
Mo. Pac. 3-year 5% notes of 1911. V. 72. p. 338, 580. 1238; V. 73, p.506.
Denver de Rio Grande owns two-thirds of the stock and has given a traffic
guaranty to the Western Pacific fly.(which see), completed from Salt Lake
City to San Francisco in 1910. V. 81, p. 845; V. 83, p. 568; V.99.p. 406.
The stock ($200,000) of the Salt Lake City Union Depot & RR.Co. is about
equally owned by the D.& R. G. and Western Pacific, which guarantee its
$1.100,000 first mortgage 30-year 5% bonds. V. 88. p. 232.
DIVS. since '911 '92. '93. '94. '95. '96. '97. '98. '99. '00.'01 to Jan.'11
5 yearly.
2 0 0 2 2 234 4 4
on preferred.
0
Dividends were suspended in order to pay the int. duo Sept. 1911 to Sept.
1914 on the West Pac. 1st M.5% guar. bonds. V.92. p. 1635; V.99.p.406.
BONDS.-Improvement mortgage abstract in"Chronlele," V.47. p. 229.
Abstract of R. G. W. 1st mort. was in V. 49. p. 237, and statement to
N. Y. Stock Exchange, V. 50, p. 73: also V. 69. p. 284. Utah Fuel 1st 5s
of 1931; see application to list, V. 78. p. 1171. 1178. 1548. 2015.
Rio G. W. first consol. 4s of 1899. see V. 72. p. 537, 775, 1189.
The refunding mtge. dated July 1 1908 covers the consolidated properties
Co secure an issue of $150,000,000 bonds, redeemable at 105 to Aug. 1 1913
and 110 thereafter. In addition to a lien on the Denver & R. G. RR., the
bonds are secured oy two-thirds ($50.000,000) of the stock of the Western
Pacific and all the $25,000,000 2d mtge. bonds on the latter. V. 86.
p. 1224, 1284, 1529; V. 87. p. 226. 285. 544, 741, 1419: V. 88, P. 100. 230.
294, 504, 822; V. 89. p. 348, 593; V. 90, p. 848.
The adjustment mtge.(7% cum. income) bonds authorized in April 1912
(total $25,000,000. present issue $10,000.000) received their first Installment of interest absolutely on Oct. 1 1912, and are since entitled (A. Se 0.)
to such amount as the board shall determine out of surplus net income
during the six months ending Dec. 31 or June 30 immediately preceding,
all arrears, if any, to be paid at maturity or at date of earlier redemption.
Redeemable at 115 any interest date as a whole, or in blocks of $500,000.
334% paid April and Oct. 1913 and 1914. V.97. p. 728, 1426.
GENERAL FINANCES.-Of the new adjustment bonds. $10,000.000
(underwritten) were offered in 1912 to stockholders at par. V. 94, p. 911.
1565; V. 95, p. 176. 623, 1403; V. 97. p. 1583; V.98, p. 1316.
LATEST EARNINGS.-From July 1 to Aug. 31. 2 months:
Gross.
2 MonthsNet.
Other Inc.
Charges.
Balance.
84,093.487 $937,373 $201,193 $1,175,036 def.$36,470
1914
4,405,479
966,359
213.551
1.137,798 sur. 42,112
191
3NN.REPORT.-Report for 1913-14 V.99.p.887,899; editorial. R-863.
1913-14.
1912-13.
1911-12.
Average miles operated
551
Total operating revenue
$23,167051 $24.45;965 $23,280403
;
Net revenue
87,132,707 $7,399,298 $6,273,260
Taxes
1,009.143
948,739
877,000
Operating income
86,123,564 $6,450.559 $5,396,260
Other income
1.262,934
1,247,938
1,196.109

:

2

Total net Income
$7,386.498 $7,698,497 $6,592.369
Interest on bonds
$5,014,535 $5,031,977 $5,022.427
611,499
Interest on adjustment mtge. bonds_
212,463
360.088
Rentals, &c
359,878
303,302
Hire of equipment
121,876
137,722
Renewal fund
137.808
137,844
126,167
110,000
Sinking fund
80.927
389,000
Appropriations for betterments. &c
56,330,939 86,241,125 55,585,450
81.055,559 $1,457.372 $1,006,919
OFFICERS.-Chairman of Board. E. T. Jeffery: Pres., B. F', Bush;
V.-P., E. L. Brown; Sec.& Comp.,Stephen Little; Treas., R. F. Watkins;
Asst, Treas., Jesse White. Office. 165 Broadway,New York.
Directors.-George J. Gould, E. T. Jeffery, Kingdon Gould, Edgar L.
Marston, Arthur Coppell, Edward D. Adams, Finley J. Shepard, New
York: Benj. F. Bush, Samuel F. Pryor, St. Louis, Mo.; Edward L. Brown,
Joel F. Vaile, Denver, Colo.-(V. 99, p. 406, 674, 887. 899. 1214.)
DENVER & SALT LAKE RR.-Froiected from Denver to Salt Lake.
about 575 miles, along a line about 100 miles south of the Union Pacific and
125 miles north of the Denver & Rio Grande. In 1913 257 miles, Denver to
Craig. was in operation ,incl. Steamboat Springs to Craig, 46 miles, opened
Dec. 11913. V. 95. p. 1403, 1541: V. 96. p. 1088; V. 97. p. 1503.
The electors of Denver on May 20 1913 approved charter amendments permitting a tunnel to be built by city through the Continental Divide, for use
under lease by this and other companies at an estimated cost of $4.420,000,
of which this company is to pay the cost above $3.000.000,and also interest
Total
Surplus

Sant! Ste-Yule
eadtatiry

ELAWARE,
AcKAIATANNA

Penn Say

tv04°
'

WESTERN
-RAILROAD
HROUGH ONNECTIONS
RAILWAY STOCKS AND BONDS

•/`

Osbko.h
Princeton
Fond du L.
Portage
\

1

Slogstou
N./lasting. Jo

P Irovrbtan

Big Rapids
CanIpbeliv lie
Gull

•
ow.
c

Hod].
Daige•I:le
Beloit
1,e,r1

1
"—±

Huy.
P.krard

Cowper. an

lookadnepn
,




i
f.,"Hartle',

Ural:Mown

incinnati
apart

50

RAILWAY STOCKS AND BONDS

Miles Date
Par
RAILROAD COMPANIES
Last Dividend Places Where Interest and
Amount
When
Rate
Road Bonds Value Outstanding
Payable and Maturity
%
[For abbreviations. &c.. see notes on first page]
Dividends are Payable
s 1887
$1.000
-First M $800,000 gold ____ce,ses
$671,900
5 g M & N Nov 1 1917
Central Trust Co. N Y
Des Moines Union
red textsf FC.xc*
40 1912
1.000
5 g A & 0 Oct 1932
300.000
First Tr & Say Bk, ChM
Det Bay C & W-lst M $1,250.000g
189 1878
Mil w-First equip M gu_xxo•
A & 0 Nov 14 1918
1,000 2,000.000
6
New York and London
Detroit Grand Haven & Grand
Trunk ity of Can _xxo•
189 1878
200 &c 3,200.000
A & 0 Nov 15 1918
6
do
Consol M guar p & i
do
65 ____
100 1.350,000
.7 & J July 6 1914 2% Farmers' L &'Pr Co. NY
4
Detroit Hillsdale & S W-Stook 4% rental L S & MS
__
100 2.000.0005 in 1914J & J July 1 1914 2J4 II K Mallarg, New York
Detroit & Mackinac-Common stock, $2,000,000 auth
... ___
do
100
950.000 5 in 1914J & .1 July 1 1914 234
Pref stock non-cum $1.000.000 auth (V 74. p 629)-do
(ixo• All 1895
.7 P Morgan & Co. N Y
1,000 1,050.000
4 g J & 11 June 1 1995
"First lien" $1,500,000 gold
(Ix& All
1895
do
1.000 1,250,000
"Mortgage bonds" $1,750,000 g red at par
4 g J & D June 1 1995
do
Detroit Mackinac & Marquette Ry.-See "Miscellan eous C ompan les."
Detroit Toledo k IrontonCommon stock $6,500,000
100 6,500,000
-------100 5,990,000
Prefstock (p & d) non-cum 4% & partic.$6.000,000
New York Trust Co
N.yc*
-__ 1914
First M gold red 105
5 g .1 & J Mch 1 1964
450,000
1,000
Jan '15-Jan '16
40,000
Locomotive trusts due quay
-------100 &c 7,628,868 Up to 5 Semi-an 40 years
Adj(inc) M $8,000,000 g cum aft Jan 19 red text_Ce
N
A & 0 15 Apr '15-Oct '17
6
1914
5.000
250.000
Car trusts due s-a $25 M 1915,then $50 M '
Jan '15-Jan '16
40,000
Locomotive car trusts due guar
Bankers Tr Co, N Y
Ba.xo•&r
48 1903
4 g J & J Jan 1 1953
1,000 2,918,000
Vet & Tol Sh L-lst M $3,000,000 g gu
____
___
A & 0 Oct 1914 3% 143 Liberty St New York
100
6
150,000
Dover & Rockaway-Stock 6% rental 990 years_ ___
M
1st
lines
1951
1
Aug
W
Cent
gUs.o•&r
A
218
Office
32 Nassau St, NY
&
-ill
189$
F
1.000
g
4
5,425.000
City
Sioux
Dub dc
184 1869
do
A & 0 Oct'1 1917
7
500 deo 2.800,000
do
Iowa Falls & Sioux City 1st M Iowa F to SiouxCy-_z
328 '88-00
8.930,000 Illinois Central bo nds or collateral therefor
Cher & Dak,C R & C and Omaha Div &o first mtge
Mp.zoda
210 1887 1,000 doc 8.151,000
Office Empire Bldg, N Y
A & 0 Oct 1 1937
5
Duluth & Iron Range-First mortgage
210 1896 1.000 &o See text
do
J & J Jan 1 1916
6
do
Second M currency redeem 105 $5.000.000 --Ce.zo•
65 1892
6 g J & J Jan 1 1922
1,174,000
Duluth Missabe & Northern-First mortgage gold __z
297 1893
6 g J & .1 Jan 1 1923
Central Trust Co. N Y
300,000
1.000
First consol mtge $3.500.000 gold call at 105-- _Cex
361 1906
Nice
1.000 11,305,000
Company's office, N Y
5 g J & J Jan 1 1941
General mortgage golds f, red 105
Duluth Rainy Lake & Winnipeg-See Dul Win & Pao.
130 188.5
55 Wall St. New York
A & 0 Apr 1 1925
1,000 1,077,000
6
Duluth So Sh & Atlantic-Marq H .S0 On gen 1.I_Ce.zo•
587 1887
do
b g J & J Jan 1 1937
1,000 3,816.000
do
Duluth South Shore & Atlantic 1st M g --Ce.xo&r
New York or London
587 1890
1,000 15,107,000
4 g F & A Aug 1 1990
First consol mtge gold interest guar--Ce.zo•Scr
Dec 31 1912
z
Held by Canadian Padflc
1892
4
3.000.000
Income certs held by Can Pao
z
A & 0 Apr 1 1915
4
1910
44,000
Philadelphia, Pa
Car trusts guar by Can Pao
x
Chicago, Ill
do
F & A Aug 1 1917
4
1912
40.600
do
do
217,000
--- 1912
do due $31,000 s-a_Ce.xc
434 irJ & D Dec '14-Dec'17 Wm.A. Read & Co.,N.Y.
do
do
do due $11.000 s-a
x
_-- 1913
4% A & 0 Apr 1 1923
198,000
do
Cont&ComT&EIBk, Chic
do
J & D June 1 1939
-- 1909
London or Toronto
4
6,646,324
Du Winn & Pac-lst M deb stock guar by Can Nor fly
Chase NatBk.NY: & Chin
1.000 2,000,000
--- 1906
5 g J & .1 Jan 1 1916
DuIRL&Win 1st M$2.000.000gred 105since'11-1Co•
DENVER & SALT LAKE RR.(Concluded).
on the city bonds and maintenance and 1% yearly to retire the bonds. City
bonds auth. Feb. 17 1914 were on July 8 1914 declared illegal by the Colorado Supreme Court. V.96, p. 1488; V. 92, p. 1310; V. 95. p. 1403. 1122;
V.96, p. 1488, 1628; V.97,9. 1024, 1503; V.198. p.73.610.762;V.99,p.119
ORGANIZATION.-Incorp. In Colo. Dec. 1912 and took over as of
May 1 1913 (per plan, V. 95. p,890) the Denver Northwestern & Pacific
Ry., foreclosed. 17. 95, p. 1683, 1603. 1331; V. 96, p. 135. 1296. 1364.
Leases Northwestern Terminal fly., Denver. for 50 years from Jan. 1
1914. V. 98. p. 911.
In Feb. 1913 9488,000 equipment notes payable in 20 semi-annual installments were sold. V. 96. p. 553, 1088; V. 97. p. 520.
STOOK.-Authorized Ingle increased in May 1913 from $10.000.000 to
$35,000,000. The $10.000.000 issued is all held in 5-year voting
trust. Benjamin Strong, Leroy W. Baldwin, Newman Erb, W. M. Wadden. F. S. Pearson. Lawrence 0. Phipps and Charles Boettcher, voting
trustees. V.96, p. 1088. 1488. The Newman Erb syndicate financed reorg.
BONDS.-The $35.000.000 1st M. bonds bear interest as follows:
Note.-All graduated 1st M. bonds will for the first four years receive
full 1st M.bs for the difference between 5% and the rate payable in cash.
(1) To bear cash int., payable semi-annually as follows: 3% Per
annum for first 3 years. 4% for 4th year and 5% yearly thereafter. There will be placed in trust $132.000 cash to be applied
in paying 2% on account of the 3% int. payable for the first
$4,343,640
year and 1% of the 3% hit, payable the 2d year, say
(2) To be issued bearing cash interest, payable semi-annually, as
follows: 1% per annum for first year; 2% for 2d year; 3% for
$1.695.293
3d year; 4% for 4th year and 5% yearly thereafter, say
(3) To be issued bearing from the outset full 5% interest(a)Issuable forthwith at 85 to Mr.Erb.in return for $1.132.000
cash, of which $132.000 is to be placed in trust (see "1") and
$1.000,000 to be used for improvements, new equipment,
$1,553,000
ay floating debt,foreclosure exp., &c., about
200,000
th approval of Chairman of committee_ _
ed with
b) To be used
27.208.067
c) Reserved, to be issued for future requirements
The 92,000,000 adjustment mortgage bonds are to be 5% non-cum. incomes
until the net earnings are 150% of the full 5% on all outstanding 1st M.
bonds and also on Northw. Term, bonds. but thereafter fixed 2d M. 58.
EARNINGS.-For 12 mos. ending June 30 1914, gross, $1.215.361.
against $1,156.952 in 1912-13; net, $298,549. against $268,628: taxes, 936,587. against 942,262. In 1911-12. gross, $1.197,595; net, $295,609. For
2 mos. ending Aug.31. 1914. gross. $328,136, against $295.221 in 1912; net,
$119,641. against 9127,787.
OFFICERS,&c.-Pres.,Newman Erb; V.-P.& Gen. Mgr., W.E.Morse;
Treas., Ward E. Pearson; Sec.. H. B. Blanchard. Directors: Newman
Erb, Dr. F. S. Pearson. Leroy Baldwin and George H. Burr of New York;
W.M.Wadden.Boston, Mass.: Lawrence0.Phipps and Charles Boettcher,
Denver. Colo.-(V.98.p. 73.610,762. 911, 1071; V. 99. p. 119.)
take over the Union
(THE) DENVER_ UNION TERMINAL RY.-To
improve the passenger
Depot & fly. Co.(V. 71. p. 343) and extend andowned
by the Union Paequally
$30,000,
terminals at Denver,Colo. Stock
Chic. Burl. & Quincy,
cific, Denver & Rio Grande, Colorado & Southern.
& Pacific which
Island
Rock
Chicago
and
Fe
Santa
Atch. Topeka &
of which 94,000,000 were
guarantee the bonds ($10,000,000 auth. Issue),V.
762; V.99,p.406.
p.
98,
1024.1115;
p.
97,
V.
Pacific.
Union
the
to
sold
L. Brown; Treas.. Thomas Keeley; Sec. &
Pres., A. L. Mohler; V.-P., E.
And.,P. Randolph Morris. Office, Denver. Colo.-(V.99. p. 406.)
Minneapolis & St.
DES MOINES & FORT DODGE RR,-(Ses Map
m.; at Ft. Dodge. Ia..
Louis.)-Owns Des Moines to Ruthven. In., 137.01
to Ruthven,
Spencer
and
m.;
6.07
Dodge.
Ft.
to
Tara
trackage.
m.;
0.61
Minneap. & St. Louis acquired $2,530,12.45 m.: total. 156.14 m. /n 1904
corn,stook, and guarantees the 93,072,000
000 of the outstanding $4,283,100
Issued to retire all the outstanding bonds, which
1st mtge. 4% gold bonds
matured Jan. 1 1905; the Minn. & St. Louis leases the road for 30 years from
improvements. &O., to be paid to
Jan. 1 1905; all income over charges,
lessor. V.79,p.268. 1704, 2085. Stockholders will vote on Nov.9 1914 en
selling the property to the Minneapolis & St. Louis. Holders of minority
pref. stock will receive for each $100. $66 67 piret. and $33 33 corn. Minn.&
St. Louis stock and for each $100 corn. $50 M.& St. L.com. stock. V. 98.
p. 1537. 1844; V. 99. p. 196. Guaranty, V. 79, p. 2696. Of the 2d M.
bonds,$514.000 are owned by the Minn.& St. Louis,the remaining $86,000
being in the D.M.& F. D.treasury. Pref.stock (non-cum.)shares equally
with common after 7% on each.
DIVIDENDS.- 1 '93. '94. '95.'96 to '98.'9910'03.'04 to'09 '10'43
7 yearly 5 yearly None
6 yearly
%J 2 4 4
On preferred
REPORT.-For year ending Dec.31'1913,in V.99,p.338,showed: Gross
earnings, $888,016 :net, $273,955; taxes & int., $178,430; surplus, $95,525.
Year 1912. gross,9794,210; net,$213,959; taxes & int., 3178,345; bal., sur.,
$35,614. Pres., Newman Erb; V.-P., W. G. Blerd; Treas., F. H. Davis;
Sec.. W.S. Crandell.-(V. 98, p. 1766, 1844; V. 99,p. 196, 338, 537.)
DES MOINES UNION R Y.-Terminal road in Des Moines; owns 418 miles
main track and branches, 19 miles 2d and side tracks, bridge across Des
Moines River and 25 acres of land In Des Moines. See statement to N. Y.
Stock Exchange in V. 65. p. 1173. Leased to Wabash RR., Chicago Great
Western,Chic. Milvr.& St.P. Ry.,Chic. Burl.& Quincy RR.and Minneap.
Rental equal to expenses and fixed chges.
& St. Louis RR. V. 75. p. 342.
paid monthly by lessees on wheelage basis. Stock auth.. $2,000,000; out.,
$400,000; par. $100. Year 1913-14, gross, 9407,631; net, $107,538; other
income, $106,030; int., taxes, &c., $86.105; appropriations for !mots.,
$66,715; bal.. sun.960,749. In 1912-13, gross. $470,146; net.$199,253.

On June 30 1912 sundry outstanding accounts, $3,164,836. Grand Trunk
of Canada owns entire $1,500,000 stock.
Gross,91,628.573; op. def..9190,523
EARNINGS.-8 mos.. 11914
Gross. 1,579.423; op.def., 167.650
Jan. 1 to Aug. 31.
1913
Year ending June 30 19f4. gross. $2,558,130; net, after taxes, 9247,578;
es $671,978; impts.,$114; bal.. def.,$413,139.
other income.$10,475;charges,
-(V.96.p. 789.)
DETROIT HILLSDALE & SOUTHWESTERN RR.-Owns Ypsilanti.
Mich., to Bankers, Mich., 65 m. Leased in perpetuity July 1 1881 to the
Lake Shore & Mich. Southern Ry.; rental. 554.000 per year-4% on stock.
DETROIT & MACKINAC RY.-Owns from Bay City, Mich., to Cheboygan, 195 m.; Au Sable division (formerly A. S. St N. W. RR.), 50 m.; Rose
City Branch. 31 m.; Prescott Branch, 12 m.; Lincoln Branch, 14 m.; Au
Gres Branch. 8 m.; Alabaster Branch, 4 m.; Hillman division. Alpena to
Hillman. Mich., 22 m.; Rogers City Branch, 14 m.: logging branches
(largely temporary), 54 m.; total, 404 m. In 1913-14 forest products furnished 42.05% of traffic. Henry K. McEIarg and associates control.
BONDS.-"Mortgage bonds" for $500,000 were reserved for betterments,
&o., at not over $50,000 per year. V. 74, p. 629. In addition to the
amounts shown above as outstanding, $450,000 "first lien" and $500.000
"mortgage" bonds were on June 30 1914 held In the treasury.
DIVIDENDEL-On pref., 2)i% July 11903;since to July 1914.5%
On common in 1911 to July 1914,5% Yearly (2)•4% J.& J.). V.91,p. 1511.
LATEST EARNINGS.-f1913-14
Gross, $205,715; net, 968,300
2 mos., July 1 to Aug. 31.11912-13
Gross, 228,570; net, 85,897
REPORT.-Report for year ending June 30 1913, in V. 97, p. 1499. In
1913-14, gross, 91,210,333; net income after taxes. $315,558; int, on bonds.
$92.000: betterments, &c., $76,058; lora. div. (5%). $47,500: corn. dlv,
(5%), $100,000. bal., def., none. In 1912-13, gross, $1,247,327; net,
9341,817.-(V. 95, p. 1398: V. 97, p. 1203, 1490, 1920.)
DETROIT TOLEDO & IRONTON RR.-Road from Detroit, Mich.,to
Ironton, via Lima,389 m.. including 45 m.of trackage; branches Kingman
to Sedalia,0.,31 in.; Jackson to Cornelia. 19 m.,and Lisnaan Jct. to Dean,
0.,3m.; total. 441 m.; coal mine tracks,sidings, &c.. 147 miles. Incorp.
In Delaware on March 1 1914 as successor, per plan V. 97, p. 1821, of the
w
Rail ay of the same name,foreclosed April 17 and June 28 1913.
BONDS,&O.-Under the plan.the fixed charges after 81,000.000 of new
the
for
provide
to
of
rehabilitation,
1st M. bonds shall have been disposed
&c., will be only 950,000 per annum,or about $113 per mile of owned and
leased mileage,comparing with formerly about $1,7711 per mile of owned and
leased mileage. When traffic conditions justify, another $1,000,000 of is
M.bonds may be disposed offor improvements and additions.
50-year 1st gold 53.-The issue under the mortgage Is not limited,
but 51.000,000 thereof will be disposed of solely to rehabilitate the property
and provide for equipment and payment of equipment liens, and an additional $1.000,000 solely for improvements and additional facilities. Further 1st M.bonds may only be issued thereafter from time to time under
carefully guarded restrictions,for improvements,extensions.&c.
Adjustment Mortgage Bonds ($8.000.000 authorized).-Entitled to interest, payable semi-annually, at such rate, not exceeding 5% per annum as
the surplus or the net income as defined in the mortgage shall suffice to nay.
The interest will be cumulative from Jan. 1 1919, but there will be no right
of foreclosure until maturity of the principal of the bonds. They are callable as a whole with interest as follows: At 70% during first year, at 75%
In 2d year. at 80% in 3d year, at 85% In 4th year, at 90% in 5th year and
at par thereafter. Until the full 5% int. shall have been paid for 2successive
years and at least for 5 years from date of the mortgage, the holders have
the right to cast one vote for each $100 face amount at all meetings of the
stockholders, but this right may, at the option of the new company, be
terminated upon its agreement to pay the interest thereon absolutely.
Gross, 9327,722; net, $61,812
EARNINGS.-2 mos., 11914
Gross. 282,193; op. def., $815.877
11913
July 1 to Aug. 31.
REPORT.-For year ending June 30 1913 in V. 97. p. 1496.
Na(aft.Tax.) Oth.Inc. Deductions. Bal., def.
Gross.
Year51,542.734 def.$909.837 $21.303 $789,308 91.677,843
1913-14
22.203
1.673.286 def. 242.414
1912-13
For 4 mos.ending Mar. 11914arhen operations of new Co. began).gross,
$503,000; op. def. after taxes. 364,660; other income, $9,069: interest,
95.625; other charges,$40.293; b ,def..9419,648. Oper. expenses include
$520.249 for rehaiblitation of the property.
Directors: James M. Kurn (Pres.), Detroit; William Church Osborn
(V.-P.), N. Y.; Otto T. Bonnard, Sidney C. Borg, Frederick H. Ecker,
HarryForsyth and William J. Maloney. Frederick U. Osborn is Sec. &
Treas. Office, Boyer Campbell Bldg.. Detroit, Mich.-(V.99. p. 1214.
DETROIT & TOLEDO SHORE LINE RR.-Extends from Toledo to
(suburbs of) Detroit 47.6 m.; 2d track, 20 m.; sidings, 3 m.; trackage over
Toledo fly. & Term. Co., &o., 31 m.; total track. 101.6 m. V 78. p. 2598.
The Grand Trunk Western Ry, and the Toledo St. Louis & Western RR.
own the entire $1,428,000 stock and jointly guarantee the bonds, principal
and interest, by endorsement. See form of guaranty, V. 76, p. 653. First
dividend, 4%, paid from earnings prior to June 30 1904: In fiscal year
1908-09. 6%,and in 1909-10, 1910-11, 1911-12, 1912-13 and 1913-14, 8%;
also in 1911-12, 8% and in 1913-14 $630,000, from accumulated surplus.
V. 87. p. 1237.
Gross,$207.132; net, $88,143
EARNINGS.-2 mos.,I1914
July 1 to Aug.31.
Gross, 244.258; net. 122,993
11913
Year 1913-14, gross. $1,544.330,• net Income, $712.224,• int., rentals. &c..
$472.133: diva. (8%). $114.240; bal., sur., $125.851. In 1912-13, gross,
$1,354,559; net. $652,995. Pres.. Walter L. Ross.-(V.95, p. 1122.)
DUBUQUE & SIOUX CITY RR.-(See Map of Illinois Central.)-Owns
Dubuque, Iowa. to Iowa Falls, 143 miles; Iowa Falls to Sioux City, 184 m.:
DETROIT BAY CITY & WESTERN RR.-See page 140.
Manchester to Cedar Rapids, 42 m.; Onawa, Iowa, to Sioux Falls, Dakota.
to Minnesota State Line. 76 m.; Tara Station, near Ft.
DETROIT ()RAND HAVEN & MILWAUKEE Wt.-Owns from De- 155 m.: Cedar Falls
to Council Bluffs 130 m.; total owned, 730 miles.
troit to Grand Haven, Mich., 189 miles. Real estate bonds,&c.,$226,000. Dodge. Ia.,

l




SAL2'

KE C
s

Tooele
Teri11111US

c.• El

Caryhurst
PROVO

_
-80a 47
,174,?,,o,sh
Sl.LVER CIT

Pine

MAMMO

RAILWAY STOCKS AND BONDS

NEPHI

e

PRINGVIL
THISTLE
Mill FOrk
Soldiers Summit
COLTON
A
( .. Castle Gate
;Helper 0
oA

DENVER&RIOGRANDE
SYSTEM
"Z

Stout
Arldns

ne
Gree ey
us.

•

La

o
sk•'"°

Ei,eria

„..--,--....\ Toponas
----.

Hot Sulpl ur Spin

it.

04

pAC.

le
sort Mor a

pton

33O5!,
Sunset
Ceatriq

0\.....<,

Sterling

Raymer

Loveland

.4 ,

,

Disc.
Keene

Glencoe

ot.
Georgetown ,

ER

U'it
•Burnham
'
,5704
Military Jc
Deer Trjail
Wolhurst
Toluca
Claud •F
C AST E ROCK
Ttiver-Bend
.0- RIENS CWARRY
Cloonan • DOUGLAS QARRY
U

0

olden
FORT LOGAN

DILLON

•
Allentou..„,
Ilighinore
,%•'
eesV
:
':.°SUNNYSI E
1
okomo
V'S
\
4
,
1
44.i
,,
TENNESSEE
RE
L Ir
ii°
t..?..ARON
el
lt.ifle :
.1.1
.4!.E1.--;
,.
Fle out P
A
"\*
•
'.
co,
PASS
Claremont
".4, le
• ..' „MOUNDS'
e.m
Jerome Park
PAC.
eza•
•6
LEAD
c.
C
nawbo
L JC
• Cedar
LEAD
LLE
\ 1 1411
ke
r4
'd' •
MAN?,ll
?, ii• t
friday
L1111012
Coal Basin
Utaltne
i
4
't
Woods le
/
7
.
'r 0
Larkspur
MALT
St ruing
2'4
di,
1-..2,
t
Gunnison
Hugo
'•I,Ol4:* T;,C2:!"..
C>
MORRISON
SPeE -\
1*
o\
---'ta
uByA
a"c'
--'"\....._..,__...,,Deser
Re
Pd1'
o
.6 tO 410 't••
GRAN
\Twin Lake
itainah
tr.
14
;
:
1::::8
pri:
R
eu
ia
rg
./
rc
D
ue
CT
1
0
N
Ed
Via
.
Fillmore°
Sthiu .o...s.%64'
kfc,
ANTHRACITE
Holtwolt
Riverside
..,%, I...IN A
Afdytield
GREEN IVER
Aroya
°
l
e orow
OLORADO
tscalant
GS
RUBY
1:::
•
•Aes..S•4
..
aN
bA
.
i VISTA
,
El
se
U
c
•E
:
U
.
Cripple
Creek
\.
Kelker
:
Sigurd
Natill•Op
.DELTkT
Victor
debar,
7RICHFIEL
Sanborn
"
DI0C" ° merY
•Wideflekd
CALUMET
e
M
i t
• 11N
inNoid
Founts
.... Elsin.re
6,00
etl,s
.q&
Kads
•
Buttes
%Joseph
•
‘8.
/
1
41,0••‘:,
,
Ifr
Frisco
MONT OS
t
;Sevier
lolope
t
e
A
n
Sp
lug
Mon
ARY VALE
0i'a adox
R01111tallgre
Milford
Loa
Eden
Caineville
rlington
E/dredge
Thurber°
PU E LO
ianlcsviJle
Junction o
o•
31 redit
Le pard Cr
or
Animas
Chnleville
0
Norwood
0,?2 , OURAY
Mesa /
Mirage
LAK CITY
s'
Verde'
Placer Vl
Moira
Ironton
FE
Tiipa
s
Junta
La
.
, ..
La Uarita
Lamar
Gra/
(t6ros
NDORA
VANCE J C.
Eagle City
Gladstone CR E EDE i
‘Escalante
Dandy Cros.ing
0phir
•
Eureka
fa
hn
oo
Itiece
Lizard
Head4)
• G i LV E RTO
'\,,Burns
Wheel Gil.....„.
'' i•s.4
4
4
4°
/ RICOElk
Burney
•
Park
,c0
'
o.;',7•--..L''''S1.0shoile
I
UCHARA
o
••
South Fork
ooA ‘;'.ccon
Summer L.
BearCreek
•v0sile1h.
Co,
R
0
elhi
G
E
0
5..ddocin
ent Canon
o ROUS
--\Grants
H sri•
I Bru
'
ilcau'A
D_olores
0
Owyhee
•Boaz.
Tyrone
Klamath Lakoix
Valley
,,Lost Canon " O , '-7'64.
1.kleSo
Mom Cy,
Pr
qicdford
on
Phaon Spr,
tpf,hapo
Loh.
„ Chrleintas L.
ee Creek/

Leamington

nab,.

I

Moi
Draper

%03'4%

S7

.Ju

SPA

A

•

•

4. 7.

)

,j1late
C-4
Yreke; Montague
17.
ldgewocd

FLAlcDerinItt

•p 0
. 4'

lumbcn.4 ----Co- ‘..,
•
y,, I kesk,

.Paradise- Valley.
4t!s•4..., ..„4.
.0,b,
* '4,e
Gxv 1 C
c• '''
4'
4
Eogle L.
1 Winne4N%
Eureka
1
eddlug
61
'
Barnelle
A medee Li
,
ANC%
Lewis t'ox SrP, te
Curries
vO Humboldt
GarbTaama Big
Hares Canyon
Alpha
Aleadoirs44
•Ch4ry Creek ...A
Chico
t', Sliver CO'
0.1"
A
1.4pliows
.
4 i
Ai TiNTIC Edter7•
\1 1 1.D
E
Cm,
Carson J.
.,
WarmSpra.
&'C't
Li
CARTS .,
Eureka
rithlia CY. Austin
o
Ely
RSON CITY
oils,.
tusevIIIV
hurchill
,
40
/:./''.
SACI1AME 0
N.'
........o lone
i
•• St. Andreas
c
D.
.,
l*Miltou
<,°4,.
't4,
..,
MAP OF TILE
Junction, 4. "
( tocktou
e4z
l'

6 g

•(%

E-i

Fort Co

0

Morgauso .1,,,.;:a,...
1
44
.
%
041,:b e.,,

Grover

Bellvue

laworthi

steparTbratN

=RIO GRANDE WESTER:4

G 'NEBRASKA

Keota
Ilebro o

Duchel
"A•U=LlarMliDENVER a RIO GRANDE

Burns

Virginaje0
Box Elder
Adams)
(
Elkhorn°

nahns Peak 0

•Lehi Jo. .•
Charleston

COPPER
MINES

tel0

Corbett

liniardW

HEB

Iluslellell

CHEYENNE
Douglas

MAP OF THE

NOY

------c

_

-

L
ry •
Echo
Coalville

.st

LAKE

Baggo

—don

OGDEN

GRE




6'"c6
<
Carnackro

,„,-----,
14''
„1
,,"
WESTERN PACIFIC RAILWAY. ---p.‘
----- '
Escallote
!Henrieville\,,,,

Coal Mine
Dykes

•

ract,

et'm

CHI

•SA JC.

°Troy.

1.44.R0

an
NT NITO

FAR MINGTON

'

Bloomfield

4.:04N

4%,

°RA

•
0
4644,,,

Watervale
.-7
.— ...F.
--.—
T....,
___----0Travisilla.
4.
Des Moines
.„
0
Grande
`e
I

Cat kil
'BIObSsbUrg
Dillon
TrOyburg
ReAlver Cy.
• Tres eclras
"r• MaxwellDorsey
,Conn 11
Elizab°
gthtown
Petaca •
\\
..Sei.nr*raBentam
.Cueva.
itny;ado
0 Taos
ringurC Gladstone
lin Call te•
aseta 0
Volcalo

*Ensenada

Largo et

'Re6t4441›
CAROONEKO 40.'

Palm la

CHAMA

Aztec

La Belle0

TIERRA AMARILLA

Li

Gallina o

ICarelraid
:
is
e
C

1-'7"-ine
P

Coyote c,
• ubudo
• Alcalde
S
\
an Pablo

&non D77th
Cern

•• Levy

Colliers
ESPANOLA
La
0
.Tipton
an ilde Fonso
Ve
SVr
FE-Vot
viten
• Las Vegas
•
•
a

"
.Plaza
'au Felipe .7e, enuite

hi

I
1.

52

[VOL. xcix.

RAILWAY STOCKS AND BONDS

_
Rate
%

1910 $1,000&o 92.900.000
300.000
1.000
1905
1905 Lows",
60,000

434
5g
5g

1.000
100 &c
500
1.000
50
50
1.000

500.000
464.400
92,500
295,000
497,750
2,126,900
495.000

4
4
4g
4g
5
6
4g

1905

1,000

500,000

bg

1912
1897
1901
1898
1901
1901
1905
1891
1910
1911
1911
1884
--__
1860
1863

4
*1 &c 81,438.356
1,000 3.000.000
5g
5g
1.000 2.000.000
1,000
372,000
5g
1,000 2.500.000
5g
5g
1.000 3,000.000
1.000
240.000
5g
1.000 10.000.000
5g
1,000 See text
6e
144.000
1,000
6g
120.000 Up to6%
1.000
500.000
5g
50
5
500.000
50
7
500.000
4
963,000
1.000
5
500
570.000
7
50 2,000.000
50 1.649.850
7
1.000 4.034.000
33.4 g
100 112.378.900
100 16,000,000 See text
100 47.892.400 See text

1908
1908
1908
1906
___
1888

-_-__
1890
____
____
1847
1849
1853

Par
vatus

1.000
1.000
1.000

DIVIDENDS.-11900. 1901. 1902. 1906. 1907. 1908. 1909. 1911
4
134
134 Aug.3 Si Sep,2
I
134
%I 3
Since 1899
ORGANTZATION.-Controlled since April 1887 by the Illinois Central
RR., which owns nearly all the 111,759,500 stock and has issued its own
bonds on the road; the only D. & S. C. bonds held by the public are the Iowa
Falls & Sioux City 7s. 12.800,000. Lease. V. 79, p. 1274: V. 89. p. 470
DULUTH & IRON RANGE RR.-Owns Duluth to Ely, Minn.. 117.22 m.:
Tower Jct. to Tower. 1.40 m.• Allen Jet. to Virginia. 24.58 m.; McKinley
to Eveleth. 9.06 m.• Waldo io Drummond, 15.02 m.; Mesaba to Dunka
River, 18.29 m.; other branches, 12.21 m.; branches and spurs. 93.15 m.•
trackage to Union Depot. Duluth, 0.80 m total, 291.73 miles Second
track and sidings. 249.70 m. Owns ore docks and yards on Lake Superior
costing over 11.500.000.
STOCK. &c.-Stock, auth., $10,000,000; out., 13,000.000. Federal
Steel Co. (see U. S. Steel Corp.) owns the stook and $3,500.000 of the $4,500.000 2d mtge. bonds. (V.66, p. 1237.) First mtge. bonds auth.. $25.Dividends since
000 per mile for construction and $7,000 for equipment. 1909.
145%; in
1904: 1905, 65%; 1906. 40%; 1907. 80%; 1908, 80%;
and
1911-12
1912-13.
90%
1910-11,
135%;
fiscal year 1909-10. 100%;
net.
1845.515
$1,497,952;
Gross,
mos.,11914
EARNINGS.-2
Gross, 2.404.556; net, 1.556,321
11913
July! to Aug. 31.
Year ending June 30 1914. gross. $6,518,526: net, after taxes, 12,702,626;
other income, $436,022; hit. rentals. &c., $798,350: sink., &c., funds,
In 1912-13, gross, $7,121,719; net,
'
$240.727; bal., sur., 12.099.571.
$3,462,075.-(V. 93, p. 1190.)
RY.-Owns from Stony Brook to
NORTHERN
&
DULUTH MISSABE
Mountain Iron, Minn., 48.32 m.: MIssabe Jct to Columbia Jct., 29.34 m
Iron Jet to Blwabik Minn., 15.37 m.; Wolf to Hibbing, Minn., 17.26 m.;
Wolf to Virginia, Minn., 6.30 m.; Hull Jct. to Hull Rust Yard, Minn.,
18.15 m.; main line branches, 36.53 m.: branch from Alborn northwesterly
to Buckeye Mine, 53 ms other branches and spurs, 137.11 miles; trackage
to Union Depot,Duluth,1.9.m .; total,363.28 m.;second tracks and sidings,
297.14 m. Owns extensive ore docks at Duluth. Entire 14.112,500 stock
controlled by U. S. Steel Corp.
BONDS.-Of the gen. 5s of 1906, bonds are reserved to retire the underfor
lying bonds; additional bonds may be Issued at not over 00,000 per mile
additional 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.
Sink, fund of 2% yrir (Incl. bondsin s.f.) retires byllot at 105. v.88.9.822;
V. 98, ro. 1693. 1844.
DIVIDENDS paid fiscal years ending June 30: 1904, 150%; 1906. 110%
1908.110%;1909,145%;1910,240%;1911.125%;1912,100%;1913.85%;
1914, 75%.
Gross. 11.691.831; net, 1633.898
EARNINGS.-2 mos..11914
Gross, 2,609,546; net, 845,917
11913
July 1 t,o Aug. 31.
other
For cal. year 1913, gross, $8,704,006; net, after taxes, $4,246,662;
*fur., $3,258,621.
Income. $147,720; int., rentals, &c.. 11.135.762; bal.,net,
12,after
taxes,
17,311,844;
gross.
1914.
For year ending June 30
sink. ke.,
885.287; other income, $111,985; interest, rentals, &c., $666,101:
gross,
$8,476,104:
1912-14.
In
$1,847,381.
sur.,
bal..
$483,790;
funds.
net after taxes, $4,279,601.-(V. 98, p.304, 1536, 1693, 1844.)
R Y.-Operates Duluth to
DULUTH SOUTH SHORE & ATLANTIC
to St. Ignace, 43 miles; other,
Sault Ste. Maria 415 miles;"Soo" Junction
of
miles
trackage.
26
including
miles,
627
total.
143 miles;
pref. 6% non-cum.. $10,CAPITAL STOCK.-Common, *12.000,000:owned
11014
July
Pao.
$6.100.000 com.and
000.000; par, both $100. Can.
0.100.000 pref. stook, 13.000,000 incomes and 115,107,000 consols.
45, p. 274.
BONDS, &o.-Abstract first mortgage, V.
has interest at 4%, guaranteed
The first consolidated mortgage of 1890
entire outstanding issue (115.107,by Can. Pao.. which July 1 1914 held the
for its 4% debenture stock; consols for 14.000) in its treasury as security
additional amounts may be issued
893,000 are reserved for prior bonds, and
at 120.000 per mile of new lines. Due Canadian Pacific, By. June 30 1914
$8.033,635.
advances.
interest
guaranteed
for
Gross, $594.444; net, $138,521
LATEST EARNINGS.-(1914
Gross, 685.894; net, 174,175
2 mos.. July 1 to Aug. 31.11913
Deficit after charges. $45.45. against deficit 130,213 in 1913.
REPORT.-Report for year ending June 30 1914 In V. 99, p. 890.
furnished 28%. lumber, &o., 33%.
Of the tonnage in 1913-14. oresOper.Inc.
Other Inc. Charges, Bal.,Def
Cross.
Year$3,412,575 $405,790 $26,819 $983.598 1550.989
1913-14
34,472 1,045,381
537.520
473,389
3,412.832
1912-13
Pres., A. B. Eldridge, Marquette, Mich.-(V. 99, p. 467. 890.)
stook
-Owns
entire
0.000,000
Y.
R
DULUTH WINNIPEG & PACIFIC
Ry., Virginia, Minn.. north to the Canaof Duluth Rainy Lake & Winnipeg
to
road
access
that
giving
nines,
98
Falls,
dian Northern at International
head of the Great Lakes, and built from
Duluth and Two Harbors at thecompleted
branches
has
also
1912;
Dec.
miles,
Virginia to Duluth. 78
purposes and docks at Duluth. with valand spurs for industrial and mining1605. 1664: V.88. p.563. 623,882. 1252:
uable sites for terminals. V.87. p.
$6,000,000; Par. $100. Controlled
V. 91, p. 1322. Capital stock auth.,1601.
by Canadian Northern By.. V. 98, p.
deb.stock 011910 is guar., p. & I., by
SECURITIES.-The first mtge.4% $10,500,000
auth. Issue, 14.866.666
Of the
the Canadian Northern By.
to retire existing securities,
been sold.11,525,000 was Issued
(1.000.000) has
Lake & Winnipeg bonds
Rainy
Duluth
the
retire
to
0.000.000 is reserved
bonds to be available for
at maturity. Jan. 1 1916. the remaining
of the D. R. L. & W. bonds in 1916
further extensions, &c. On payment company,
so that the deb. stock will
the
to
its property will be transferred
D. R. L. & W.stock in the meanbecome a first charge on 173 miles, the
Trust Co. of Toronto and
National
the
trustees,
the
time being vested with
p 1490; V. 91, p. 154. 1322.
the British Empire Trust Co. V. 90.
owned the D. R. L. 9.
formerly
which
Co..
Lake
Rainy
&
The Virginia
bonds. V.81. p. 558. 613, 1848:
W.,guarantees the interest on the latter's
V 89. p. 1279.
U. 82. p. 751: V. 84. p. 158; V. 85, p. 1518;1914.
gross, 11.743.894; net,
EARNINGS.-For year ending June 30




When
Payable

Amount
Outstanding

'Date
Road

2.482.000
2.149,000
4,617,000

g

444 4444A44 4 44444448.843 44444114 :-...= 444
4
ac, :it
,-, mm XXX

Miles
RAILROAD COMPANIES
Bonds
first page]
[For abbreviations, dt.c., see notes on
__
15.000,000 g gu__0.xo•&r•
Dun All V & Pitts-1st AI1300.000
30
g red 105MeBa.x
Durham & So Car-let M
___
-First M 175.000 g-(1.xo•&r
Durham Union Station
England By
New
Central
-See
RR
County
Dutchess
46
East Broad Top RR & Coal-1st M ext 1908
46
2d M Incomes
es
10
mortgage
1st
Gap
Shade
38
East Carolina R y-First mortgage 000.000 gold____x
East Mahoney RR-Stock
36
yrs Philo & R
East Pennsylvania-Stock 6% guar 999
36
First mtge gold guar p & I by P&R RR (end)kvo•
By
Southern
ee
Georgia-S
&
Virginia
Tennessee
East
34
1723)thiP•zo•
East Tenn Er W No Car-15t Mg(V 81p
Eastern Ry of Minnesota-See Great Northern
-Edmonton Dunv & Br Col-lst M deb stk gu see text
165
El Paso & Northeast-NM By & C col tr g red 105-Nx
Eq.x
___
NM By & Coal M gold
_
guar_
_Nx
31
gold
$900.000
first
mtge
Mt
Sao
Alam &
128
El Paso & Rock Isl 1st M $2,500.000g guar-Eq.xo•
133
Dawson By & Coal coll trust gold guar p & I_Eaxo•
__
El Paso Union Pass Depot-lst M ft $240,000 sf.Eax
181
g-Cex.o•
Elgin Joliet lc hastern-lst M ($10.000,000)
8
red105
begApr'15
1150,000
M
Co-lst
Elizab'tht'n Ter
___
Elkin & Alleg-Ist M S12,000 per m g red 10734 Ba.x•c
x
Income bonds $10,000 per mile
34
Elmira & Lake Ont--Sodus Bay & So-let M g-Un.xo
rental__ -N.0 7334
Elmira & Williamsport-Stook corn 5%Northern
-Cent 7334
Preferred stock 7% rental 999 years
kv 7334
First mortgage extended 1910
zo•
_Income bonds 999 years to run
Penn
yrs
Co_
83
999
7%
rental
-Stock
Erie & Pittsburgh
83
Special guaranteed betterment stock 12.500.000-83
General mtge (now 1st) 14.500,000 gold guar-Un.k
___
Erie Railroad-Common stock 1153.000,000 auth____
.__
Second pref stock 4% non-cum redeemable at par__
___
First pref stock 4% non-cum redeemable at par___
A-Old Bonds Assumed-Roads Consolidated
447
N Y & Erie 1st M Plerm to Dun ext 1897 gold-xo•
zo•
447
Second mortgage (extended in 1879) goldzo•
447
Third mortgage (extended in 1883) gold

4g
5g
434 9'

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Aug 1 1960
July 1 1935
May 1 1955

Grand Cent Term, N Y
Merchants' Trust Co.Bait
Guaranty Trust Co, N V

Jan 1 1958
406 Lafayette Bldg, P1111
do
July 1 1958
do
do
July 1 1958
do
Safe Pep & Tr Co, Bait
1936
June 151914 234 Reading Term, Phila, Pa
do
July18 1914 3%
do
do
Mch 1 1958
do
Nov 1 1935

Guar Tr & S D Co. Phila

Lloyds Bank, Ltd., Loud
Feb 16 1942
Equitable Trust Co, N Y
Oct 1 1947
do
do
Oct 1 1951
do
do
Apr 1 1928
do
do
Jan 1 1951
do
do
July 1 1951
do
do
Jan 1 1916-1935
71 Broadway, New York
May 1 1941
Glens Falls Trust Co
Apr 1 1940
F J Lisman & Co, N Y
July 11041
Oct 1 1941
Nat Bank of Comm, N Y
July 1 1924
Broad St Station. Phila
Nov 2 1914
do
do
July 1 1914
do
do
Jan 1 1950
do
do
Oct 1 2862
Sept 10 '14 1 Si Union Trust Co. N Y
do
do
Sept 10 '14 134
do
do
July 1 1940
April 1907 2% J P Morgan & CO, N Y
do
do
April 1907 2%
May 1 1947
Sept 1 1919
Mch I 1923

do
do
do

do
do
do

1365.323. In 1912-13. gross. $1.339.393; net. 1465,300; other income,
11,096: interest, taxes, &c., 1444.294; balance, surplus, $22,102.-(V. 90,
p. 1490: V. 91, 13. 1574.)
DURHAM & SOUTH CAROLINA RR.-Durham, N. C., south 30 miles
to Bonsai on the Seaboard Air Line. Stook, 1300.000: Par, 1100.
Bonds, see table. Year 1912-13. gross. 05.921; net, 150.700; Int., taxes.
&c., $28,382: surplus. 122.318. Pres.. Ernest Williams. Lynchburg. Va.
-(V. 90. p. 1424.)
DURHAM & SOUTHERN RR.-East Durham to Dunn, N. C., 57 miles:
Durham to East Durham, 2 miles; total. 59 miles. Stock authorized,
$2.000.000; outstanding. $1,350,000, of which 1750,000 issued Jan. 1 1912
to retire bonds: par. $100. For the year ending June 30 1914. gross.
$326.843; net, $162.080; other income. $2,683; taxes. $16.250; charges,
$11,726; divs.(11%). 1189.000; surp. from 1913. $94.301. Divs. of 24%
were paid in 1910-11; in 1911-12. 24%: in 1912-13, 14%, and in 1913-14.
11%. Pres., B. N. Duke, N. Y.; Sec., A. B. Cauther. Office, Durham.
DURHAM UNION STATION CO.-Owns passenger station at Durham.
N. C.. opened May 1 1905 and used by the Southern By., Seaboard Air Line
Ry.. Norfolk & Western fly. and Durham ec Southern, which each own onefourth of 133,300 stock. Lease provides for rental by several lines sufficient
to pay int. and other charges Pres.. H W.Miller; Sec., C. N. Freeman,
EAST BROAD TOP RR. & COAL CO. (Pa.)-Owns from Mount Union,
Pa., to Woodvale, Pa., 31.13 miles; Orbisonia to Neelyton. Pa.. 10 m.;
Rocky Ridge to Evanston. Pa., 4.93 m.; total, 46.06 miles. See V. 75,
p. 77. A coal road opened In 1874. In Dec. 1913 absorbed Shade Gap
RR. and Rocky Ridge RR., total 14.93 leased lines. V. 97, p. 1663, 1822.
non-cumulative pref.
Stock, 1938,825 (par $50), of which $246.750 is 6%Jan.
1 1958. Second
First mortgage 4s (1500.000) extended in 1908 to
given In 1908
1958,
Jan.
due
mortgage 4% Income bonds, $464,400.
for back interest from 1885. Year 1913-14, gross, $333.844: net. $188,280;
Office,
1144.544.
sur.,
bal..
152,962;
int.,
taxes,
&c..
other Inc.,39,231);
406 Lafayette Bldg., Phila.-(V. 77. p. 145; V. 97, p. 1663, 1822.)
EAST CAROLINA RY.-See page 140.
to St.
EAST MAHANOY RR.-Owns from East Mahoney Junction
track 21.09 m.
Nicholas and branches, 11.02 m.: 2d track, 4.26 m.; total
es
Nay.
RR.
Coal
Schuylkill
Co.
Little
to
years
999
for
Re-leased Dec. 1 1896
at 5% on stook,and lease assigned to Phila. & Reading Ry. Of the stock.
$280,000 was deposited by Reading Co. under its general mortgage.
EAST PENNSYLVANIA RR.-Owns Reading, Pa., to Allentown. Pa..
35.40 miles, double tracked; all track. 97.65 m. Leased for 999 years
from May 1 1869 to the Phila. & Reading RR. at a rental of 6% per annum
on the stock and interest on the bonds. Lease assumed in 1896 by the
Phila. & Read. Railway Co. Of the stock. 11,275,300 was owned by Reading Co. June 30 1913. 11,092.850 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 Johnson City to Hampton, Tenn.. 15 m., third rail. Controlled by Cranberry
Iron Ss Coal Co. The same Interests in 1913 purchased Linville River By.,
Cranberry to Pineola, 12 miles 3-ft. gauge. V. 96. p. 1156. 1296.
Capital stock, $501,900. Dividends, 4% paid since 1903-09: In 1909-10
8%; 1910-11, 9% & 10% extra; 1911-12, none; 1912-13. 18%; 1913-14,
4°70 Ss 13% extra. For year ending June 30 1914, gross. 1211,386: net,
after taxes. $87.440; other Income, 18.509; hire of equipment, 128,534:
bal.,stir., $67,415. Pres., F. P. Howe, Johnson City-(V. 96, p• 2904
EASTERN KENTUCKY RY.-Riverton to Webbville, Ky., 36 miles.
Stock, common, $1.697.800: pref., $1,779,500: par $100. No bonds.
Loans and bills payable June 30 1914, 169.857. V'ear 1913-14. gross,
$50,062; oper. def.. $10.794; other income, 1467: deductions. $247; bal..
def., $11,828. Pres.. C. Minot Weld.-(V. 90. p. 1362.)
EDMONTON DUN VEGAN & BRITISH COLUMBIA RY.-Seep.140.
EL PASO & NORTHEASTERN CO.-Owns the El Paso & Northeastern
By. from El Paso, Texas. northeast 165 miles, to the Salado coal fields;
controls and operates El Paso lt Rock Island By., Carrizosa to Santa Rosa.
128 m.: Alamogordo & Sacramento Mtn. Ry.. Alamogordo, N. M., to
Russia. 31 m.; Dawson By., Liberty, N. M., to Dawson. 133 m.; total. 457
miles. Name changed from New Mexico By. & Coal Co.In 1905. Operated
as eastern division of El Paso & Southwestern Co., lessee (V. 97. p. 1115),
which owns a minority interest in Rock Island Co.: see V.98. p.354.
Western Div. Is Fl Paso & S. W.RR.,El Paso, Tex., to Tucson, Ariz.,&c.
The El Paso & Rook Island By. was incorporated In 1902 with $2.500.000
stock (of which 60% owned by the El Paso & Northeastern Co.)and $2.500,000 5% guaranteed 50-year bonds. It has close traffic agreement with
Chicago Rock Island & Pacific for 999 years. V. 71, p. 1219.
The Dawson By. & Coal Co., stock 1100,000. has Issued $3,000.000
and are
collateral trust bonds, which are guaranteed, principal and interest,
secured by the stock and bonds ($3,000.000 each) of the Dawson hr., and
owning
about
latter
the
each),
Fuel
($1.000.000
Dawson
Co.
the
those of
25,000 acres of coal, mineral and timber lands, being sold in 1905 to the
Stag Canon Fuel Co. V. 73, p.900; V. 74, p. 776; V.87, p. 1604. 1536.
STOCK.-Stock, 112.000,000. all of one class. In May 1905 Phelps,
Dodge & Co. Interests, it is understood. acquired entire stock of system.
. & Coal Co. coll. trust 5s of 1897 are
BONDS.-The New Mexico Rs,
secured by the stook and bonds of El Paso & N. E. By. of New Mex.(U.700.000 of each), the stock ot the El Paso & N. E. RR. of Texas. 1300,000
(no bonds issued), and all the stock (12.500.000) and all the bonds (51.500.000) of the New Mexico Fuel Co.. the latter covering 3.500 acres of coal
lands. Of the first and consolidated and coll. trust 5s of 1901, $3.000.000
are reserved to retire the coll. trust Scot 1897 and 12.000,000 are applicable
for improvements, &o. V. 74. p. 776. .,,The other issues are guaranteed
Gross, $1.445.069; net, $583,163
EARNINGS.-2 mos.,11914
Gross, 1.375,956; net, 458,274
11913
July 1 to Aug. 31.
(1,028 miles), gross. $9,057,30
June
1914
ending
year
REPORT.-For
553; net, after taxes ($487.223). $2.973.699. In 1912-13, of entire El Paso
dr Southwestern system (982 miles), gross, $8,657,716; net, after taxes,
(1378.952).13.160,381; other income.$1.545,467: charges,12.545,216; divs.
(5%). $1.169,022; bal.. sur.. $990,610. In 1911-12 (901 miles), gross, $7,613.456; net, 12,777,873. N. Y. office. 99 John St.-(V.87, P. 1605.)

Geo
Sand eac
Pentwa r

F.Ed

Big Rapids

Centre Square
Soule
B

Alma

City

Regina

S ratfor

cPYrac

Clifford
o

Woo stock

.14

Sf0

SP

111
Earivil e

CEN.

oblesk

'17Ww)
Holland

ANSING
I

RAILWAY STOCKS AND BONDS

AllYeigan
attle.
0

Kalar7
Benton

D rnot.
'P.
• or

Homer
a

ar
S.
Cassopolls

s'

Sturgis

Hillsd

Ouch Bend
R.

oshen

t
'

4:6

TROgrails.7.

Sunburl
Plat
Roc• ester
arlo
4

ayette

tiAPRiSBUR,
P ILADEL H

Conne
Winslow J
c.

DI

AP
n

roe sbnrg

Logan

ChLllicot e

Hefts.

e.

4
.

arkersbn
Davis

Sullivan
vrrenceburg
S. *'
N.Vernon

cr

Co

Madison

Strasb

Ritchie

WASHING

Bnckb
3'

Portamout

Manassas

Galipol
Ironton

Oreenup
••••1

°has= JO.

As an

MAP OF THE

ERIE RAILROAD
0




Orange

harlottesv
icsmoNG

Owensboro

54

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, etc., see notes on first page.[

Miles Date
Rood Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. xcnc.
Last Dividend Places Where Interest
and
and Maturity
Dividends are Payable

Erie Railroad (Concluded)475 1857
$1,000 S2,926,000
Fourtn mortgage (extended in 1880) goid____ze
5 g A & 0 Oct 1 1920
xo•
475 1858
500 &O
Fifth mortgage (extended in 1888) gold
4 g J & D June 1 1928
709,500
60 1861
200 he
4 g J & J July I 1931
182,400
Erie By 1st ki Buff Br Hornellsv to Attica gold_zc•
526 1870
First consol mtge 530,000,000 gold $ or £_.F.zo•
1.000 16,891,000
7 g If & S Sept 1 1920
consol
zo•
mortgage
gold
West
first
526
500 &e, 3.699.500
1878
N I' L E &
7 g M & S Sept 1 1920
140 1876
Buffalo N Y & Erie 1st M (Buffalo to Corning)_xo•
1,000 2,380.000
J & D June 1 1916
7
Bug & s Nt, 1st M gold ext 1908 red 105 gold xo•
67 1877
50 ho 1.500.000
5 g J & J July 1 1918
extended
in
vc•
12 1868
Newburg & N Y 1st M gold
1.000
250,000
5 g J & J Jan 1 1929
1889__Ce.zo•
250 1890
1,000 12.000.000
Ch & Erie 1st M g (Marion 0 to Ham'd Ind)
5 g M & N May 1 1982
___ 1888
Chicago & Atlantic Terminal first mtge gold_Cez
1,000
300.000
5 g J & J July 1 1918
B-Erie Railroad Company Bonds
67 1895
1,000 1,000,000
Second mtge on Buff & S W gold ext 1908_ _ _Cii.xo•
5 g J & J July 1 1918
__ _ 1895
E.xc• &r
1,000 35,000.000
Prior lien bonds 535.000.000 gold
4g
T & J Jan 1 1996
F.xc•&r
___ 1895
General lien $140,000,000 gold
1,000 35,885,000
4 g J & J Jan 1 1996
___ 1901 1.000 &c 34,000.000
Penn coll trust M 536,000.000 g s f (text) Ba.xcaor
4 g F & A Feb 1 1951
First cony m 550,000,000 gold Series A__ (1.xc• &r_
___ 1903 1,000 &c 10,000,000
4 g A ee 0 Apr 1 1953
Series B
x
do
1905 1.000 he 11,015,000
do
do
4 g A & 0 Apr 1 1953
--See text
Refunding and improvement M
___ 1914 1,000 &c 13,500,000
Coll tr g notes 513.500.000 red 102____Ba.yc*&r
535 g A & 0 Apr 1 1917
1914 1,000 &c 4,550,000
One-year collat gold notes $4,550,000
5 g A & 0 Oct 1 1915
--_ 1912 1,000 hc 10,000,000
Ba.x.o•
Three-year collat gold notes
5g
A & 0 Apr 1 1915
___ 1912
4,500
270,000
5
Notes gold due $90,000 yearly V.94, p. 1695
June 1 '15-'17
& Genesee Valle y Stoc ks-See t hose Compa flies.
Avon Geneseo & Mt Morris and Rochesterownership
of
Fn
tire
(•)
or
Controlled
by
a
Mal
Properties
ority (b) of Capital S tack, or by (c) Lease
C-Bonds on
10 1881
1.000
200.000
A & 0 Apr 1 1921
5
Bergen Co 1st M Rath Jct to Ridgew ext 1911 _ __x
_ _ '68-'69
246,500
6
cGoshen & Deck't'n 1st & 2d Ms ($60,000 are 2d)_z
Various 1928-1929
z
'66-'67
170,500
5
Various 1926-1927
cMont & Erie 1st & 2d Ms ($40.500 are 2d)
8'67-'69 500 40
300,000 435 & 6J & J July 1 1927-29
Jefferson let & 2d Ms ext in '87 & '89(1-PdaleBr)_xc
1,000 2,800,000
37 1889
5 g I A & 0 Apr 1 1919
1st M Carbon to S depot g ext'09 red 105._FP.xc•
1.000 7,500,000
-__ 1885
6 g A & 0 Oct 1 1935
Long Dock Co cons M g (now 1st M) (see text)_xc•
100 hoo 1,471,600
52 1896
5 g If & N May 1 1946
cN Y & Greenw L Prior lien M 51.500,000 gold... Nx
34 1880
500 &o
ki de N May 1 1940
5
400,000
bNew Jersey & New York 1st M ext in 1910___xc•
___ 1892
500 &c
5
629.500
J & J Jan 1 1933
General mtge 51.200,000 (red 105 after 5 yrs) g _x
___ 1882
1,000 1,100,000
6 cur M & N May 1 1922
N Y L E & W C RR 1st M "lawful money"_Mp.zo•
___ 1883
1,000 3,396.000
NYLE&WD&ICo ex g'13red text(V96.p 1776)F.xc*
5 g J & J July 1 1943
422 1880
500 hc 8.000,000
N Y Pa & Ohio prior lien mtge gold $ or £___F.zc•
41.5 g 11 & S Melt 1 1935
Do Leased lines-see separate statements for Cl evelan d & M ahoning Valley RR and Sher on By
N Y Susquehanna & Western-Northern New Jers ey-T foga It R-See e ach compan y
Evansville & Indianapolis-See Chic & East Illinois
a
;Hp & T.,r. H,,*,.-See Chicaeo & East Illinois
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 & San Antonio (So. Pao. Sys.).
Atch. Top. & Santa Fe, Texas & Pac. and Mex. Cent, railroads on a wheelage basis providing for maintenance and all charges. Stock authorized.
5240,000; outstanding, $88,800; owned equally by six roads named. Of
bonds (see table above). $12,000 mature Jan. 1 yearly, beginning 1916.
V. 78. p. 104; V. 81, p. 1043. Pres., J. W.Everman; Sec., W.R. Martin;
Treas.. U. S. Stewart.-(V.82. p. 1496.)
ELGIN JOLIET & EASTERN R Y.-Owns from Waukegan, Ill., on Lake
Michigan, via Spaulding and Joliet, to Porter, Ind., 129.94 miles, and
branches Normantown to Aurora, 9.65 m.-Walker to South Wilmington.
/11.-33.30 miles; Hammond to Whiting, Ind.. &c., 7.08 miles; Griffith to
Cavanaugh. Indiana. 7.07 miles: Rockdale Junction to Rockdale, 6.57
miles; Cavanaugh to Shearson, Indiana, 2.64 miles; total main line
owned, 196.25 miles; spurs to coal mines, &o.. 38.60 miles; trackage, 234.65 miles; 2d track, 41.70 m.;side and yard tracks owned, 161.29 m.:
total, 672.49 miles. Also leases Chic. L. S. & East., 14.97 m., with 442.36
m. branches and spurs (16.07 miles 2d track) for 60 years from June 1 1909,
and, with the U.S. Steel Corp.. guarantees Its 59,000.000414% bonds, p &I.
V. 89, p. 1410. Controlled by U. S. Steel Corporation.
STOCK.-$10,000,000, as Increased from 56,000.000 in June 1909; Par.
$100. Dividend. 4% yearly (in Dec.) In 1899 to 1913.
EARNINGS.-2 mos.,I1914
Gross, $1,631,920: net, $673,687
July 1 to Aug. 31. 11913
Gross, 2,240,518; net. 801,672
Surplus.
Yr. end. June 30. Gross.
Other Inc. Charges.
Net.
$141,427
1913-14
$11,252.392 $3,070.291 $125,770 $3,054,634
1912-13
3,051,630
2.503,563
.13,350,782
5,434,382
120,810
2,426,454
1,954,049
1911-12
10,720,751
4,294,150
86,353
Pres.. A. F. Banks.-V.89. p. 1410.
ELIZABETH TOWN TERMINAL RR.-Projected from Westport.
N. Y., on Del. & Hudson, to Elizabethtown, 8 m. In Sept. 1914 work
had been held up by litigation between company and contractors. Stock.
$80,000; par $100. Pres., G. W. Jenkins, Elfzabethtown.-V. 90, p. 1362.)
ELKIN & A LLEGHANY R Y.-Under construction by the state of
North Carolina from Elkin, N. C., through Allegheny, Ashe and Watauga
counties, N. C., of which Elkin to Thermont, 12 miles, completed Apr. 1
1912. Capital stock to be issued to the State in payment for convict labor
at $1 50 per day for convicts. Bonds, 1st H. 6s, $1,800,000 authorized,
limited to $12,000 per mile and income bonds, interest payable when earned,
Issue limited to $1,500,000 at $10,000 per mile. F. J. Lisman & Co. have
purchased the 1st M. 6s. V. 94, p. 1448.
ELMIRA Et LAKE ONTARIO RR.-Owns from Canandaigua, N. Y.. to
Chemung Jct., 64 m.; Sodus Point to Stanley. 34 m.; other, 2-total, 100 m.
Leased at cost of operating to the Northern Central, which owns all the
51.500.000 stock. Lease may be terminated on 30 days' notice.
Int., &c.
Balance.
Net.
Gross.
Cal. Year$1.268,930 op. def. $61,847 $167,031 def. 5228,878
1913
43,010
168.876 def. 125,866
1,319,909
1912
-(V. 98, p..763.
ELMIRA & NVILLIAMSPORT RR.-Owns from Williamsport, Pa., to
Elmira. N. Y., 73.49 miles. Leased to the Northern Central By. for 999
years from May 1 1863. The diva, on the com. stock are 5% and on the
pref. 7%,less taxes, making div. on corn. 4.52%, and on pref.6.32%. The
$963.000 1st 6s due Jan. 1 1910 were extended to Jan. 1 1950 at 4%. V.89.
p. 1667. Calendar year 1913. gross. $1.783.903; net, $66,770; rental,
$159,692.-(V. 89. P. 1667: V. 97, P. 666.)
ERIE & CENTRAL PENNSYLVANIA RY.-V. 96, p. 1156.
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 installments required by the gen. mtge.. the E. & P. to deliver its 334% debentures
at par for such advances and at maturity of the gen. mtge. bonds to exchange new mtge. bonds therefor. Debentures Dee. 1 1913. 5399,905.
STOCK.-The special betterment stock ($2,500,000 auth.) is subordinate
to the old stock, but guaranteed 7% dividends. Dividends on old stock are
subject to a 4-mill tax on assessed value, on special betterment, tax-free.
EARNINGS.-Profit to the lessees in 1909 was $217.200: 1910. loss,
550,595; 1911. loss, $166,285: 1912, loss, $63,446; 1913, profit, 557.124.
-(V. 84, p. 749.)
ERIE RAILROAD.-(See Map on preceding page.)-Embraces trunkline from Jersey City opposite N. Y. City, to Chicago, III., 998 miles, and
branches, 1.446 miles: total. 2,444 miles; second track, 1,109 miles; third
and fourth tracks, 36 miles; total, all main tracks, 3.489 miles.
Miles. Leased LinesMiles.
Lines Owned in Fee•13
Piermont, N. Y.. to Dunkirk__ 447 Avon Gen. & Mt. Morris
67 Montgomery & Erie
•10
Buffalo to Jamestown, N. Y___
140 Northern RR. of New Jersey__ •26
Buffalo to Corning, N. Y
•12
138 Goshen & Deckertown
Other branches
•18
Stock all (a) or nearly all (b) owned. Rochester & Genessee Valley
lines
44
Other
'250
RR
Erie
&
aChicago
Leased to Nypano RR.
*45
aJefferson RR
Valley
Mahoning
RR_
•81
Cleve.
&
•52
RR
Lake
Greenwood
&
Y.
N.
*32
Railway
bNew Jersey & New York RR_ *38 Sharonlines
54
59 Other
Erie de Wyoming Valley RR_ __
278
Trackage
422
Railroad
aNypano
58
bTioga Railroad
159 Lines in system June 30 1914._2,444
Other lines
N. Y.Susquehanna & Western_ *236
• See this company.
succeeded,
per plan In V. 61, P. 368. the
-On Dec. 1 1895
HISTORY.
under its second conN. Y.Lake Erie & Western RR.Co.,sold In foreclosure
through ownership of all or
fee
or
holds
In
company
The
mtge.
solidated
from New
practically all the stock of the subsidiary companies the line
companies).
York to Chicago (including the Nypano RR. and Chic. & Erie




J P Morgan & Co
o,
y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
50 Church St, New York
New York and London
50 Church St. New York
do
do
do
do
do
do
do
do

do
do

50 Church St, New York
50 Church St, New York
Fidelity Trust Co, Philo
50 Church St, New York
J P Morgan & Co. N Y
do
do
do
do
do
do
do
do
do
do
do
do

COAL AND STEAMBOAT PROPERTY.-The Brie coal properties represent an aggregate of 12,400 acres of anthracite, of which about
acres
are held in fee; also 53,000 acres of bituminous coal lands held in 9,000
fee, 14.000
acres of bituminous held under mineral rights. Its coal and coke tonnage
in
the year 1913-14 aggregated 17,819,134 out of the 38,125,409 tons hauled.
The Union Steamboat Line (merged in Erie RR. Co. June 30 1896) has
terminal, &c., 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.-Prior and general lien bonds of 1895 have 10 votes for each
$1,000 of principal, their authorized issues aggregating $175,000 000, of
which $84,724.000 issued to July 1913. Provisions of preferred stock were
in "Supplement" of April 1897, page 3. V. 66, p. 335, 573.
DIVIDENDS (cash) %1 '01. '02. '03. '04. '05. '06. 1907. '08 to Oct.'14
On first preferred
4 • Apr.. 2
134 3 334 4 4
0
On second preferred_ _ _
__ 2 4
Apr., 2
0
BONDS.-First consol. mtge. of 1895 for $175,000,000 (Farmers:
Loan & Trust Co., trustee)-see abstract, of deed, V.62, p. 89,secures the
535.000,000 prior lien and $140.000,000 general lien bonds. Both series
have voting power; see "Stock" above: also Issue of Feb. 1912.
Of toe $140,000.000 general lien bonds, 592,668,000 were reserved for the
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list, V. 62, p. 89). and $17,000,000 were
reserved for new construction, betterments, additions. &c.. after 1897not over $1,000,000 to be used in any one year. In July 1914 535,885,000
general lien bonds were In hands of public. 513,839.000 additional being
deposited under collateral trust notes-seebelow. On Dec 24191352,000,000 gen. lien bonds were authorized to be issued for impts. V. 97, p.1898.
The collateral trust 45 of 1901 are secured by 51% of the entire N. Y
Susq. & Western stock ($26,000.000 total issue), all of the Pennsylvania
Coal Co. stock, and the stock of the Erie & Wyoming Valley RR.,Scranton.
Pa., to Lackawaxen, 65 miles, and Delaware Valley & Kingston RR. A
sink. fd. of 100. per ton of coal mined purchases bonds at not exceeding 105;
otherwise to be applied to the drawing of bonds by lot, being thus expected,
with interest on bonds paid, 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: 56,221,000, included as outstanding, are in sinking fund.
The cony. 4s of 1903 ($50,000,000 authorized 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 54134 per
share; they will cover all the company's property subject to underlying liens.
The first $10,000.000 (series A) issued for improvements and equipment Is
convertible on basis of $100 bonds for $200 stock to April 1 1915.
The stockholders were to vote on Oct. 27 11914 on authorizing a new
Refunding and Improvement mortgage. V. 99, p. 815, 1130.
Series B bonds for 512,000,000 are convertible into common stock at
$60 per share at any time since Oct. 1 1907 and before Oct. 1 1917. V. 76,
P. 382, 541: V. 78. p. 768; V. 79, p. 2205: V. 84. p. 270.
The $13,500,000 535% coll. notes dated April 1 1914 are secured by:
(a) Bonds: 514,839,000 Erie RR. Co. 1st consol. M. gen. lien 4s;
5985,000
Erie RR. gen. M. convertible 50-year gold 4s, Ser. 13; $600,000
Elmira
Corning & Waverly By. 1st M. 5s, and $95,000 Mutual Terminal Co. of
Buffalo 4% notes, payable July 1st 1924; and (b) stocks: 56,306,000 N. Y.
Susq. & Western RR. pref. stock: $163,100 Lehigh & Hudson River Ry.;
$145.700 Temple Iron Co.: $750,000 New Jersey & New York RR. Co.
pret., and 51,000,000 New Jersey & New York RR. common. V. 98 P.
689, 763, 839. The $4,550,000 one-year collateral gold notes dated Oct. 1
1914 are secured by deposit of 54.000.000 Erie & Jersey 1st 50-yr. 4s ($10.000,000 auth., of which $7,400,000 outstanding) and 53,000,000 Genesee
River 1st 4s, V. 99, p. 816, 969.
The Erie & Jersey RR.,with $600,000 auth. stock,completed in Jan. 1909
a low-grade cut-off from Highland Mills via Campbell Hall to Graham.
N. Y., 38.6 miles. In 1907 Genesee River RR. was authorized to
make 56.000,000 mtge. covering road from Hunts to Cuba, N. Y., 32.6
miles, completed 1910. V. 84, p. 1366, 1488; V. 81, p. 777; V. 99, p. 816.
The $10,000.000 3-year 5% collateral notes dated April 1 1912 are secured by deposit of $10,000,000 convertible 4% bonds, series C, due April 1
1953, $1,000.000 gen. lien 1st consols, 53,000,000 Erie h Jersey RR. 1st
50-year 4s and $2,000,000 Genesee River 1st 50-yr. 4s. The deposited securities can be released only on payment to the trustee of the withdrawal
values, viz.: 70% for the gen. H. and Genesee River 1st M. bonds, 80% for
the 1st consols and 75% for the Erie & Jersey 1st M. 4s, the proceeds to be
used to cancel notes. V. 94, p. 982. 630, 1056, 1118.
The $3,396,000 N. Y. Lake Erie & Western Docks & Improvement Co.
1st 6s were extended 30 years from maturity July 1 1913 at 5%; they are
redeemable at 10735 on or before July 1 1918 and at 105 thereafter. V. 96.
13• 1422, 1772; V.97, p. 54.370.
Long Dock 6s. see March 1894 "Supplement." under N.Y.L. E. & W.
Car Trust Series, Gold (Denomination $1,000 each). See V. 88. p. 882.
Outstanding.
Mature in Installments.
Date. Interest.
$200,000 Dec '14-June'15 $100,000 8.-a.
"H"__x____1905 4 J&D
350.000 8.-a.
"I"___x____1905 4 J&D 1,400,000 Dec'14-June '16
"J"__ _z__ _ _1906 4 M&N
208,000 May '15-Nov '16
47,000 8.-a.
"K"_ _z____1907 435 A&O
145,000 Feb '15-Feb '17
29,000 8.-a.
"L"__ _z____1907 5 J&J
642,000 To July 1917
107,000 8.-a.
174,000 To July 1917
"M"__x____1907 5 J&J
29.000 s.-a.
"N"__x___-1907 5 A&O 1.012.000 Apr '15-Oct '17
152,000 8.-a.
"0"_ _x_ _ __1907 5 A&O
300,000 To Oct 1917
50,000 s.-a.
"Q"__x__ __1911 435 F&A 3.220,000 To Aug 1921
230,000 s.-a.
"R"__x____1912 434 FdrA 1,728,000 To Aug 1922
108,000 8.-a.
"S"_ __x____1912 435 J&D 1,700,000 To Dec 1922
100.000 8.-a.
"T"_ _x__ __1913 5 J&D15 1.188,000 To June 15 1923
66,000 8.-a.
"fr. z____1013 5 J&J
1,998,000 ToJan 1 '23 $117M or $118M s.-a
"V"__x____1913 5 J&D15 900,000 To June 15 1923
100.000 Yr137.
•
-1913 5 M&S 1,008.000 To Sept 1 1923
56,000 8.-a.
1914 435
"A"
900,000 To 1924
45,000 8.-a.
In 1913 $5,000,000 new equip, trusts were authorized. V. 96. p. 1296.
Interest paid: "J" and "L" in New York; Series "II" at Girard Trust
Co., Philadelphia; Series "I" at Penn. Co. for Insurances on Lives, &o.,
Phila.: Series "K" at National Bank of Commerce, New York; Series "M"

OCT., 1914.1

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Miles Date
Road 13ends

32 1911
Fernwood & Gulf RR-First mortgage $500.000
Fitchburg-Preferred 5% rental
zr
1887
Bonds to State of Mass 4% since Feb 1897
zo&r
1890
Bends not mortgage
so*
'95-96
Bonds not mortgage ($1,359,000 due 1915)
'97-98
Bonds not mortgage ($2,750,000 are 45 of'97)_zo&r
'00-01
Bonds not mtge ($1,775,000 are 334s of '01)_ _wen.
1907
zc*
Bonds not mortgage $2,000,000
zo&r
1905
Bonds not mortgage $3,660,000 currency
ze&r
1908
Bonds not mortgage $2,400,000
zo* &r
1912
Bonds *1.350,000 authorized currency
1913
Bonds $450.000 authorized
1914
Bonds $2.100.000 authorized
Bonds $2,550,000 authorized
-55 igra
Troy & Boston first mortgage (V 53, p 405) -zoacr
1903
Vermont & Massachusetts plain bonds guar__ _zodor
-56 1907
Fitzger Ocilla & Broxten-lst M $300.000 g red 110.x
Flint Fe Pere Marquette-See Pere Marquette statem't
59 1909
Florida Ry-First mortgage $4,000,000
Florida Central & Peninsular-See Seaboard Air Line Ry
690 1909
Florida East Coast-let M $12,000.000 g--Ba.xo•&r•
1909
General Income M 5% non-corn $25,000,000
Equipment trust certs ser A
1914
Florida West Shore-See Seaboard Air Line.
Fonda Johnstown & Gloversville--Common stook_- _
_
Pref stock 6% cum call at 105 $1,000,000 auth
Consolidated mortgage $200,000
zo
-gg iggi
First censor refunding mtge $500.000 gold_N.xo•
26 1897
General refund mtge 4800.000 (V 71, p 34)--N.xe*
26 1900
Johnstown G & Kingsboro jet assum ext 1913_ _z
4 1893
Cayadutta Eleo let M guar p & I by F J & G gold_ Nz
14 1892
First eons gen ref M $7,000,000 g red 120_ _N.xo* &r
75 1902
Fort Dodge Des M& Sou RR-lst Mg red par--OB
1913
$7.500,000 gold-xo•
1904
Fort Smith & Western-lst
Cex
Fort Street Union Depot-lst M gold
1891
Mortgage (part let and part 2d M) gold
,_Cex
1895
-98
Fort Wayne & Jackson-Preferred stook 534% rental

Par
Value

When
Payable

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

&I & N May 1 1936
Q-J Oct!'14 1% Office. Boston & Me,Bost
It & N Feb 1 1937
Office FitshburgRR,Bost
.1. & D June 1 1920
do
do
Various 1915 and 1916
do
do
Various 1927-1928
do
do
A & 0 Oct 1 1920-21
do
do
A & 0 Apr 1 1927
do
do
If & N May 1 1925
do
do
If 63 N May! 1928
do
do
& J Jan 1 1932
do
do
& J Jan 1 1933
do
do
& J Jan 1 1934
do
do

7
311
6g

J & J July 1 1924
li & N May 1 1923
J & J July! 1937

do
do
ao
do
Owned by AU B & C'stOo

100 See text
5
J & J July 1 1959
1.000 ece 12.000.000
411 g•T & D June 1 1959
25,000,000-234% pd Nov 1'14 July! 1959
1,000
400,0001
5
J & D

Nov 1908 coup last paid

100
100
100 &r3
1.000
1,000
1,000
1.000
1.000
1,000
1.000
1,000
100

$12.759,568 $16,500,599 $13,984,117
21,797,509 $5.147.900 $3.799,697
1.055,145
985,911
945.742

$15,612,222 $22,634,411 $18,043,156
Total net income
$7,729,358 $7.757,896 $8,670.766
Interest on bonds
1,509,917
Interest on notes
1,501,500
1,033.125
2,226,702
Rentals of leased lines
2,252,223
2.251.799
Hire of equipment and joint facilities_ 1,587.686
2.261,033
2,242.362
Interest on car trusts
760,367
643,097
586,002
Sinking fund and miscellaneous
1,135,926
878,506
568.299
Additions and improvements
502,743
657.588
582.452
Balance, surplus
$159,523 $6.682,568 $2,794,751
OFFICERS.-Pres., F. D. Underwood: V.-P. and Gen. Solicitor. G. F.
Brownell: V.-P., G. A. Richardson; V.-P. and Sec., David Bosman;
V.-P. and Gen. Traffic Mgr., DeMs W. Cook V.-P., Albert J. atone
Treas., D. W. Bigoney; Comp., C. P. Crawford, 50 Church St., N.Y.
DIRECTORS.-Chas. Steele. J. J. Goodwin, John G. McCullough
Ogden Mills, F. D. Underwood, Francis Lynde Stetson, Geo. F. Baker,
Norman B. Ream, Charles A. Peabody, Geo. W. Perkins. R. S. Lovett.
L. F. Loree, H.P. Davison, E. J. Berwind, Wm.P. Hamtlton,Mitchell D.
Follansbee, Robert W.Pomeroy.-(V. 98, p. 1694; V. 99, p. 48, 406, 748,
815,969, 1125. 1130, 1146. 1214.)
EVANSVILLE & TERRE HAUTE RR.-See Chicago & Eastern Illinois
FERN WOOD & GULF RR.-See page 140.
FITCHBURG RR.-System extends from Boston. Mass., to Troy and
Rotterdam. N. Y., 251 miles; branches to Worcester, Bellows Falls, cfce..
207 m.; 458 m. In all, of which 59 m.(Fitchburg
to Greenfield) leased from
Vermont & Mass. and 5 m. other cos.: second track
199 m. V. 84. P. 1366.
LEASE.-Leased for 99 years from July 1 1900 to Boston & Maine
on pref. and 1% on corn, stock, organization expenses, int. on bonds,for 5%
taxes,
expenses of maintenance, die. Boston & Maine
holds $5.551.400 of the
$7.000.00( common stock, the remainder being
in the treasury. V. 70.
p. 76. 125 176. 583 1291; V. 71. p. 29. 543: V. 72.
p. 532.
BONDS,Sm.-Debentures,see V.60, p. 967:
V. 84, p. 158, 270. As to
21.350.000 bonds of 1912, see V. 93, p. no.
1461,
1725,
1786; V. 94, p. 68.
2450,000 issue of 1912,see V.96. p. 359. On Sept. 24 1913
$2.100.000 were
authorized to refund $500.000 bonds due May!
1914
and
for additions
and impts., of which $1,872,000 have been sold; V. 97. p.pay
802, 950: V. 98.
pp. 839, 1156, 1392. Stockholders on Sept. 30 1914 authorized
$2,550 OH
bonds to refund $1,359,000 bonds due March 1 1915 and provide
for'improvements. V.99, p. 816.-(V. 98. p.839, 1156, 1392; V.99, p.816,
969.)
FITZGERALD OCILLA & BRO XTON RR.-Owns Itroxton to Ocilla.
Ga., 25 miles, with branch to Fitzgerald, 5 m.: leases Ocilla to Irwinville.
10 m• V. 84, P. 1551. Stock, $300,000. all outstanding, par $100, of
which three-fourths, together with all the $150.000 outstanding bonds,
are owned by the Atlanta Birmingham & Coast Co. V. 89. P. 41. Operated by Atlanta Birmingham & Atlantic RR. since Jan. 1 1912, and may
be included in its reorganization plan. See V.98,p. 1534. 1067, 1070, 1091.
In 1909 a protective committee for securitiesot Atlanta Birm. & Atlantic
RR. requested deposits of both stock and bonds. V. 88. n. 1196. In
March 1910 receiver was appointed: E. T. Lamb was receiver. V. 92,
p. 725. June 30 1913, receiver's ctfs., $15,401.
Year ending Juno 30 1913, gross, $18.780; on. def., $7,088; other income,
$1.293; bond int., $7,980; other charges,$3,683; bal., def.,$17,457. V.85,
p. 468. Rea. and Gen. Mgr., E. T. Lamb; R. Kemp Slaughter, Aud. for
Beer.; T. K.Mays,Treas. for Recr.-(V. 98. p. 1071.)
FLORIDA RY.-Perry to Live Oak. Fla., 52 miles; with branches, 7 m.
Authorized to build from Tallahassee to Fernandina and Jacksonville, 224
miles. Extensions were under construction in Jan. 1911 from Live Oak
to Jacksonville and Fernandina. 104 miles, but in Aug. 1911 construction
was discontinued. V. 93, p. 1786. Stook authorized, $4,000.000: par.
$100. Bonds ($4.000.000 auth. Issue) are subject to call at 106 on any int.
day after July 1 1914; they will be issued at $20,000 per mile. V. 89. p.
1596; V. 90. p. 1362. The coupons due Jan. 1913 were not paid. See
V. 96. p. 1629. For year ending June 30 1913 (58 miles), gross, 249.331:
op. def.. $3.303; Int. and taxes (bond int. not paid). $6.916; bal., def.,$10,219. Pres. and Treas., Frank Drew, Live Oak, Fla.-(V.96, P. 1629.)
FLORIDA CENTRAL RR.-Owned Thomasville, Ga.. south through
timber lands to Faniew,Fla.,47 miles; completed 1908. Sold at foreclosure
sale Oct. 8 1914 under mortgage of 1907 to Atlantic Coast Line RR. V. 99,
p. 1052. Bonds of 1907 mature 240.000 yearly in 1912 to 1914 and $80,000
in 1915 (the last-named amount having been extended from 1911). Safe
Deposit & Trust Co., Baltimore, trustee. In April 1910 made 3d M. for
5300,000. V. 90._p. 1170. Loans and bills payable June 30 1914, $71,360.
V.85, p. 1339. For year ending June 301914, gross,$41,280; net, $5,138;




Rate
%
6
5
4
4
4
4
311
4
4
414
411
411
5

"
$500
$100 18,860,000
1,000 5,000.000
1,000 &cr
500,000
1,000 1,859,000
1,000 &o 4,200.000
1,000 &a 2.275.000
1,000 &o 2.000.000
1,000 &o 3,660.000
1,000 &o 2.400.000
1.000 &o 1.200.000
L000 &c
400.000
1,000 &c 1,872,000
See text
1.000 &o
573.000
1,000 &o
772,000
1.000
150.000

at Girard Trust Co., Phila.: Series "N" at First National Bank, New ork
Series"0"at Central Trust Co., N. Y.: Series"Q" at Fidelity Tr. Co.,iPlatia.:
Series "T" at Columbia-Knickerbocker Trust Co., N. Y.; Series "V" at
New York Trust Co., N. Y.' Series "V" at N. Y. Trust Co.; Series "A" at
Commercial Trust Co., Philadelphia.
FINANCES.-In Oct. 1914 a new Refunding and Improvement mortgage was proposed. V. 99, p. 815. In July 1912 made a traffic agreement
with the Baltimore & Ohio. V. 95, p. 236.
Gross, $10,908,347; net, 22,758,060
EARNINGS.-2 mos.,11914
Gross, 11,189,254; net, 2,792,920
July 1 to Aug. 31. 11913
ANNUAL REPORT -Fiscal year ends June 30. Report for 1913-14
given at length in V. 99. p. 1125, 1146. Editorial page 1178.
1913-14.
1912-13.
1911-12.
2,257
2,257
2,257
Miles operated
$60,983.575 $62,647,359 $56,492,370
Gross earnings
48,224.007 46,146,760 42.508,253
Working expenses
Net earnings
Interest on securities
Rents,&c.. received

Amount
Outstanding

55

Bankers Tr Co, 120 Bway
New York

2,500.000 See text Yearly Aug 15 '13 2% Checks mailed
500.000
6
do
do
G-M Sept15'141 14%
200.000
6
A & 0 Apr 1 1921
Imp & Trad Nat Bk, N Y
500.000
414 itJ & 3 July 1 1947
New York Trust Co, N Y
800.000
4 g J & .1 July 1 1950
do
do
50.000
5
.7 & 3 July 1 1933
FulCo N Bk.Glov'lle,NY
350,000
6
A & 0 Oct 1 1922
Farmers' L & Tr Co. NY
5.150.000
411 gli & N Nov 1 1952
New York Trust Co. NY
(1)
5 g J & D Dec 1 1938
Old Colony Tr Co, N Y
6.240.000
4 g A & 0 Apr 1 1954
Oct 1907 coup last paid
1.000.000
411 gJ & .1 Jan 1 1941
Central Trust Co, NY
312,000
5 g 3 & 3 July 1 1915
do
do
2.291.416
511 la & S Sept3 1914 24( Farmers' L & Tr Co. NY

other income, $425; int., taxes, &c.. $46,599; deficit, 531,036. Pres..
L. J. Phillips.-(V. 99, p. 1052.)
FLORIDA EAST COAST RV.-Owns from Jacksonville. Fla., via St.
Augustine to Key West,522 m.(including the extension from Knight's Key
to Key West.45 m.,completed Jan. 1912: branches. 168 m.; trackage,6 m.;
total. 696 m. Completed to Miami in 1895 and has since been in successful
operation. Forms the only connection to Southern and Eastern Florida
and thence to Cuba for the Atlantic Coast Line, Southern Ry. and Seaboard
Air Line. In Sept. 1911 contracts had been let for extensions from Maytown to Whittier, Pla., and Lake Okeechobee, with a branch to Ft Bassinger on the Kissimee River a total of 135 in., to be completed within 3 years
at cost of $1.500.000 or more, of which Maytown
to Kenanville, 74 in.. was
opened Sept. 1913 and 19 additional to be by Jan. 1 1915. V. 91, p. 1629.
Crar ferry from Key West to Havana,90 miles, to be oepned by Jan. 1915.
V. 97, p. 1115, 1281, 1583. V. 99. p. 406.
STOCK.-$5,000.000, all sold at par. Held in trust for 5 years by trustees of Henry M. Flagler, who died in 1913, with option of extending trust
for 5 years. V. 96. p. 1840.
BONDS. &C.-The 1st H.4 345 ($12.000.000 auth.. $10.000,000 sold in
June 1909. $1,000,000 in 1912 and $1,000,000 in 1914 are a first lien on 690
miles at $17,388 a mile, incl. equip.; cost in cash reported as $65.682 per in.
V. 88, p. 1620; V. 94. p. 1185; V. 98, p. 1993. Followed by $25.000,000 2d
M.income bonds and $5,000,000 stock. Due trustees H.M.Flagier estate
for advances June 30 1914, 25,00(1,000 capital stock.
Div. on incomes, 334%, paid Nov. 1 1910; Nov. 1911, 4%; Nov. 1912.
1913 and 1914, 231%. V. 97, p. 666.
EARNINGS.-2 mos..f1914
Gross, $591,159; net. $86,133
July 1 to Aug. 31. 11913
Gross, 570,429; op. def.. 23.610
REPORT.-Report for year ending June 30 1913 (V. 97. p. 1281). In
1913-14, gross,$5,334,853; net. $1,681,432; int., taxes, rentals, &c.,$940
218; int. on income bonds, $625,000 (214%): bal., sur., $116,214. In
1912-13. gross,$5.021.795. Pres., W.H. Beardsley; Treas.. 0.0. Haines.
-(V. 97. p. 1281, 1583; V. 98, p. 911, 1844, 1993; V. 99, p. 408. 748.)
FONDA JOHNSTOWN & GLOVERSVILLE RR.-Owns Fonda to
Northville (steam). 25.47 m.; Gloversville to Schenectady (electric),32.923
m.• Gloversville to Fonda (electric), 8.70 m.; Belt line in Amsterdam
(electric), 3.48 m.; Belt line in Gloversville (electric), 3.84 m.: Hagaman
line (electric), 2.29 in.; second track (electric), 22.97 m. Operates under
lease branch line Broacialbin Jct. to Broadalbin, 6.15 in. (steam); also local
line Gloversville to Johnstown (electric), 4.08 in.; sidings and turnouts,
12.99 in.: trackage. 1.99 nr.• total, 100.41 miles of road (124.88 miles of
track), of which 103.22 on '
,
rivate right of way and 19.67 miles on streets
and highways. The Little alls & Johnstown RR., owned by allied interests, is building an electric road from Little Falls to Johnstown, 28 miles,
with branch from St. Johnsville to Canajoharie,8 miles. V.95,p. 111. 1123.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electric Light & Power Co. (V.71, p. 1167). V. 78, p.29. Also a twothirds interest in stook and bonds of Adirondack Lakes Traction Co.,4 miles.
DIVIDENDS.-On corn., 2% July 20 1910: July 10 1911, 2%; Aug1912 and 1913. 2%; 1914, none. V. 99, P. 537.
BONDS.-Consol. 430, $7,000,000 auth.; 21,850.000 is reserved to retire prior liens. V. 76, p. 265. Guarantees $30,000 Gloversville & Broadalbin 5s and $50.000 Johnstown (Ploy. & K. 84 and $50.000 8% stock.
EARNINGS.-2 mos .f1914
Gross, $180,434; net. $85,750
July 1 to Aug. 31. 11913
Gross, 201.672; net. 114,718
REPORT. Report for year ending June 30 1913. in V. 97, p. 593. In
1913-14, gross. $986,878; net. $492,106; other income. $26.300; charges,
$425,699; pref. dill. (6%). $30,000; bal.. sur.. $62,707.-(V. 95, p. 614:
V. 97, p. 520, 593; V. 99, p. 537, 1052.)
FORT DODGE DES MOINES & SOUTHERN RR.-Owns or controls
road from Des Moines, Ia., to Fort Dodge and extensions to Rockwell City
and Newton, with 7-mile branch to Ames, all equipped for steam service,
and the main line between Des Moines and Fort Dodge, with branch to
Ames. a total of 156 miles. Also with electric power for passenger service.
Incorporated in Maine with $2,000,000 auth.stocN reorganization of corn(81
,8&.$113
05
07. 14)
26
;1583.
= fAlso eco
controls
nnatni
roel'
re Wo
sec
rti
wning
RV
4 mites of local electric road, and the Contra,
Power
Light
Co.
&
(stock 2300,000). V. 97. p. 1583, 1663. Bonds (open mortgage), present
authorized issue. $4.500,000 first 25-year 5s. Bonds of controlled cos.
(also open mortgages), present authorized issues, $500,000 Central Iowa
Lt. & Power Co. 1st 25-yr. gold 6s, due Dec.
1938. int. J. & D. at Old
Colony 'tr. Co.. Boston, trustee: redeemable 1at
par (21,000, &c.), and
$100.000 income demand notes: also $100,000 Ft. Dodge
Ry. 1st gold
68 due Dec. 1 1938, int. J. & D. at Old Colony Tr. Co.. St.
Boston, trustee.
redeemable at par. V. 98, p. 1766.
FORT SMITH & WESTERN RR.-Operates Fort Smith. Ark., to Guthrie, 0. 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 trackage, to be replaced by company's own road. Coal properties
are developed
at McCurtain. I. T.. 40 m.
of Fort Smith, producing an average of
30,000 tons per month. Owns.A% of the capital stook of the St. Louis
El
Reno & West. Ry., Guthrie to El Reno, 0. T., 42 in., oper
Independently.
Bonds have been deposited under an agreement extended
2 years to
Jan. 1 1915, with a committee consisting of W. L. Brown,
Colgate Hoyt. W.H. Conniff, W. G. Mather. J. J. Sullivan, A. W. Mellon.
James H. Hoyt, S. H. Telles, C. C. Bolton and A. C. DustinGeo,S. Russell:
(Superior Savings & Trust Co. of Cleveland. the mtge. trustee, depository),
with power
to sell or exchange the same. &c. V. 91. D. 1446: V. 92. p. 527.
Stock, $5 000.000, all outstanding; par $100. Of the 4s of
1904 ($7.500.000 nth.), $5.833.000 were issued in exchange for $5,000,000
$400,000 arc reserved to replace the 20 miles of trackage mentioned old 5s.
above.
2400,000 for equipment, and the balance for other purposes;
Superior Say.
& Trust co.. trustee. Equipment trust notes
outstanding June 30 1913.
$383.057; current liabilities. 21.998,980. V. 77,
p. 88.
EARNINGS.-2 mos.,11914
Grose. $96.532; op. def.
2166
July 1 to Aug. 31. 11913
Gross, 98,596: op. def.. 12.399

1)2Tig.3181r9e1e3t.

56

RAILWAY STOCKS AND BONDS

S
RAILROAD COMPANIE
on first page]
fror abbreviations, &c.. see notes

Miles Date
Road Bonds

Amount
Par
Value Outstanding

Rate
%

When
Payable

[VOL. xcix.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

$100 $2,539.992 See text See text June 30 '14 3% Guaranty Trust Co, N Y
___ ____
City-Pref stock "stamp cents" 45
Office, 26 Liberty St. N Y
6 g J & D Deo 1 1921
1,000 8,176.000
Pt Worth & Denver
454 lin
Ba.zo•
per mile
A & 0 Apr '14-Apr '17 Guaranty Trust Co. N Y
5
First mtge gold $'15.000
95,000
1,000
___ 1907
s-a red 101__(Ix
Savannah, Ga
Equip trust Series B due $19.000
5 g M & N Nov 1 1935
text
See
1.000
1905
74
110
at
red
g
$1.000.000
Oct 1 1916
6
Gainesville Midland-First hi
325.000
100 &c
1913
Owned by Sou Pao Co
Notes $400,000 auth (see text)
6 g F & A Aug 1 1935
1,000 4,728,000
256 '71-'80
t Mg I gr ext_o•
So Pao Co 165 B'way.N Y
May 1 1931
N
&
M
g
5
Galveston Harrisb & SanMAntonio--ls
13.418.000
1.000
1881
6'71
-_x
gold& Pao ext)
do
do
1
1940
June
D
Western Division 1st (Mex
&
J
6
1,000 9,022.000
auth__ - . - 1910
Central Trust Co, N Y
Galveston-Vietoria Div 1st M ;10.000.000
0 Apr 1 1933
1,000 2,000,000 5 g A &
80 1913
1882-1st M.g.Ceyc•&r.
Bankers Trust Co. N Y
1938
1
Mch
S
&
M
Galveston Houst & Hend of45,000.000
6
1.006.000
1.0(8)
1908
--gu (text)-Ba.z
Nat City Bk, N Y or Gal
6 g J & J July 1 1932
Galveston Terminal-1st M(re) hi gold s 1
489.000
1.000
1882
___
so
do
do
Galveston Wharf Co-lit
5 g A & 0 Apr 11940
1,000 1,363,000
_ 1890
5s sink fund_zo*
do
do
First series (wharf & railroad) goldgold
1926
1
Aug
A
&
F
g
5
907.000
1,000
___ 1901
5s 9 f zo•
NY
Trust
Co.
Columbia
Second series (wharf & railroad)
1929
1
5 g A & 0 Apr
500,000
1,000
16 1899
M gold t500.000.. Col
Grand Central Sta, N Y
191434%
Genesee & Wyoming RR-lst
1
Oct
Q-J
)i
3
2.325.000
100
do
do
Geneva Corning & Sou-Common stook guar
1
1914
1%
Oct
Q-J
4
100 5,000,000
do
do
Preferred stock, guaranteed
J & D Dec 1 1932
6
1,000 3.500.000
r
76 1885
endorsed
do
do
Pine Creek 1st M gu prin and int
4 g hi & N May 1 1959
. 1909 1,000 &o See text
First & refund If ($10,000,000
SeeA aboard Air Line By.
F.xo•&r.& Northernauth)--__
F J Lisman & Co. N It
Georgia & Alabama-Georgia Carolina
1946
1
Mch
S
&
hi
5
g
140.000
1,000
1906
85
M
Gx
g
$1.000,000Int only pay when earn
Georgia Coast & Piedmont-First
Sept! 1932
5
250,000
_x
1912
Income debentures
F.J.Lisman & Co.,N.Y.
5 g A & 0 Apr 1 1962
1013 &c 2,000.000
gold red 105
-- 1912
Colz
New mtge $3.500,000 auth
_
_
5,250,000
100
$15,000 per mile__
Georgia & Fla-Common stock
100 3,500,000
Pref stock non-cum panic. $10,000 per mile Cols
Hanover Nat Bk, N Y
5 g A & 0 Apr 1 1955
212,000
1.000
• 1905
Millen & South 1st hL
See text
5 g M & N Nov 1 1956
500 &c 5,595.000
284 1907
gold.- BEtaxo•
Georgia & Florida mtge $12.000.000
from Feb 1 1913
Interest
500 &c 2,000,000 See text F & A Feb 1 1932
..._ 1912
FBa.gc*
Gen hi g (cum Inc for 10 yrs) red par
Fidelity Trust Co. Bali
J & J July 1 1930
6
175.000
1,000
1910
Georgia & Florida Term hi $200,000 guaranteed__ _x
Trust Co, N Y
Bankers'
1954
1
5 g J & I July
1.000 2.113.000
mtge gold _Ba.xo• Text
. 1904
Georgia Florida & Alabama-First
J P Morgan do Co. N Y
3 g A & 0 Apr 1 1946
1.000 1.650.000
98 1898
$1.650,000 int fru-x
Georgia Midland Ry-First M gold
Georgia Pacific-See Southern By ock
Ga
100 4,200,000 12 in '14 Q-J Oct 15 1914 3% Augusta,Nat
307 ____
Georgia Railroad & Banking Co-St
Bk, or Aug
Am Ex
7 & J Jan 1 1922
5
so'
1,000 1.000,000
_-_ 1897
Bonds refunding not mortgage currency
do
do
1
1922
Jan
.1
&
500.000 5 & 6 J
z
1.000
-'82-'87
Bonds not mortgage ($200.000 are 58)
Am Each Nat Bk, N If
1947
1
J.
Jan
&
7
4
1.000,000
p
226.
87.
(V
1.000
285)-zc
--currency
1907
mortgage
Bonds not

Galveston
net,$9,195 In 1912-13. a large freight depot and warehouse and about 14 blocks along
For year ending June 30 1914, gross,$667,148;
miles sidings
income, $58,690: int., taxes, &c., water-front. In Sept. 1914 3.49 miles of main line and 20.33
auth.
gross, $726,307; net, $120,375; other
(35,000,000
6s
the
1st
Of
$25,000.
Stock,
completed.
had
been
gross.
net,
$181,209;
1911-12,
$768,789;
In
$361,271; bal., def.. $182,206.
Col. & Sou., were
&c., $357,475: bal., def., $105,164. issue) $1,106,000, guar. jointly by the Ch. R. I. & P. and
other income. $71.102; int., taxes,
1589; V. 87, p. 1478. Pres., J. W.
1100.
V.
86,p.
in
1908.
sold
p.
Nov.
93,
0.-(V.
Cleveland,
1786.)
Dustin,
Pres., A. C.
Sealy; Sec. & Treas., E. R. Chees-Owns passenger station with ap- Robins, Houston, Tex.; V.-P., John
p. 1100, 1589; V. 87, p. 936.)
FORT STREET UNION DEPOT.
with the Detroit Union RR. Depot & Sta- brough, both of Galveston, Tex.-(V.86,
proaches, 1.4 miles. connectingfrom
page 140.
-See
GALVESTON WHARF CO.
Dec. 10 1889 to the Wabash, Pere Martion Co. Leased for 999 years
Y., to Pittsburgh & Lehigh
GENESEE & WYOMING RR.-Retsof, N.branch.
quette and Canadian Pacific for rental equal to 5% of total cost of work and
2 m.: total. 16 miles.
4 m.;
current expenses. Incorp. in Mich. Aug. 24 1889. Stook. $1.000.000, of Jot.. 11 miles: Retsof Jet. to Griegyllie.
Divs.from Oct. 1899 to 1902, incl..5% yearly;
which Pere Marq.owns$515.800: par.$100. Pres..Frank H.Alfred.Detroit. Stock. $500.000: par. $100.
Aug. 1910. 1 3i%;
(s.-a.);
yearly
Apr.
1910.4%
to
1905
8%:
Mich., to Fort Wayne 1903.8%; 1904.
FORT WAYNE & JACKSON RR.-Owns Jackson,to
% Q.-J.: 1912 and 1913.5% (Q.-F.): 1914.
perpetually Lake Shore & Michi- Nov.. 1)(%:1911.5%.Paid Year
net, $112,018;
/d.,98 miles. On Aug. 24 1882 leased
$205,046;
gross,
1913-14,
14%.
Aug.,
&
May
Feb.,
(see
to
equal
5
on the pref. stook
M. B.
gan Southern at a rental of $126,027,
(6)%, $30,000: bal., sur., $14,390. Pres.
net earnings over 8% on pref. stock to be charges, $68,716; divs.
V.56, p. 812) and after 1887 any2%
Treas., W.H.Barnard,2 Rector St., N.Y.&
Sec.
Pa.;
Scranton,
Fuller,
Corn.
a
year.
$436,132.
stock.
exceeding
paid on corn., but not
1248).
p.
76,
(V.
Map Cog. So.)-Ft. Worth,
Geneva, N. Y.. to NewFORT WORTH & DENVER CITY R Y.-(See
GENEVA CORNING & SOUTHERN.-Owns Pa.,
of Ft. W.& Den.Term. By.
39.85 miles; Antrim
Tex.. to Texiine. 454 miles. Owns securities
berry Jet., Pa., 166.94 miles; branch to Ulysses. 6.55
June
30
all
1913
By.
owned
but
$17.968
South.
&
-Colorado
&c.
m.; Corning branch,
STOCK,
branch, 16.65 m.; Penn Yan, N. V., to Dresden.
Issued and stamped stock. V. 63. p. 1063. 75.
m. A consoli231.69
total,
m.:
0.95
connection,
Creek
of the $6.835,008 corn.
Beech
m.:
0.75
'98;
agreement of Oct. 12 1895: 2% in
York Cent. & Hud.
New
to
Payments under stamped stock 1904,
Leased
88, p. 1002.
1906 to 1913, 4% each; June 30 dation in Feb. 1909. V.
corporate existence, or any
its
of
term
1899, 2%; 1902. 4%: Feb. 1903,
the
for
1909
1
April
from
RR.
Riv.
year;
cal.
within
bring
to
payments
334%
1913.3%.and Dec.31.1% and 2% extra
extensions thereof, the rental covering 4% dividends on the pref. and
1914, June 30. 3%.
88,p.822. 1061: V.89,1o. 286. Lessee owns $1,820.p. 440. Certfs. of indebtedness on the corn. stock. V.
stockThe
167.
54,
90,
p.
V.
stock.
all
BONDS.-Abstract of mortgage,
the
and
pref.
stock
common
800
82.
V.
30 1913. $299,917. Equipment.trust.
owned by Colo. Sou. June
of the N.Y. Central & Hudson River RR.voted on July 20 1914 to
"Pullman" equip. leases June 30 1913. $202,003. holdersthe
company with itself and allied roads.
h. 1101: V. 84. P. 508.
merge
to
1914, June 30, 3%. Denver Terminal By authorized an issue of $2,500,000
Pine Creek Ss form of guaranty, V. 56. p. 650. The road is mtged.0.
The Fort Worth &
secure an authorized issue of $10.000.000 50-year 4% bonds of the N. Y.
N.Y..
trustee).
(Bankers
Co..
Trust
1907
1
Dec.
80-year 6% bonds datedwhich $728.000 have been issued, $300,000 sold and & H. R. RR.(V. 98, p;387) assumed by the Geneva Corning & Southern.
sublet:it to call at 105, of
p. 162.-(V. 90, p. 167; V. 98, p. 1392.)
& D. C. By. V.86. p.52, 1100. 1589: V.87. p.949. V. 88. P. 1127, 1313; V. 89,
$428.000 held by Ft. W.
to Collins.
$4,738,722: net, $1.205,061
COAST & PIEDMONT RR.-Extends from Darien to
GEORGIA
EARNINGS.-12 mos.11913-14-__Gross.
Bruns1912-13_ --Gross, 5,334,555; net, 1,589,150 Ga.. 85 miles: completed In July 1906. Extension from Darien
July 1 to June 30.
Reidsfrom
north
proposed
also
508.)
P.
V.
extension
84.
1156;
p.
1914;
82,
March
opened
15
wick.
m.,
Pres.. Geo. B. Harris,-.
31,600.000.
RY.-Owns Gainesville, Ga., to Athens.42 ville to Vidalia. V. 98, p. 839. Stock,
issue) a block was sold
GAINESVILLE MIDLAND
authorized
gauge,
(83,500,000
narrow
of
Of
1912
the
5s
miles,
32
Monroe,
to
15 miles, begun July 1912:
miles. standard gauge, and Belmont
July 5 1904. V. 79. p. 151. 269. for extension from Darien south to Brunswick,
to Vidalia on the north,
to be made standard gauge. Organized
bonds are reserved for extension from Reidsvillebonds:
$550,000.
limited to $12.060
underlying
up
take
to
500. 627. Stock, all outstanding.
and
s,
and
sold
for
Improvement
been
and
has
$661,000
bonds have coupons deM.
1st
Of the 1st 55 of 1905 ($1,000.000 authorized).
the
of
3600,000
old 6s. Of the 5400.000 3-year 6% notes dated against future extensions'
1448. 1763. Year ending
p.
$14.000 is reserved to retire
94,
V.
1915.
Sept.
including
collateral
the
to
On
and
lien
tached
of
priority
having
series
are
"A."
&c., 319.895: bal.,
Oct. 1 1913 $325,000
for standard-gauging 32 miles, June 30 1913. gross. $85,126: net, $4,598; int.. taxes.
viz.. $192.1300 5% bonds of 1905 imitable
outstanding bonds and stock pledged def., $15,296. Pres., F. J. Lisman.-(V. 94. p• 1763; V. 98. P. 839.)
$26.000 bonds in treasury, $616.000
and
Richland. Ga., to
RY.-Owns
respectively)
$495.000,
and
GEORGIA FLORIDA & ALABAMA
by owners (minimum amounts $616,000
in the Athens Terminal By. Of the notes Tallahassee, Fla.. 131.22 miles,including 28 miles opened Sept. 1909; Tallathe equity owned by the company$75,000
branch. Havana.
miles;
once
at
Issued
to
of
49.68
be
were
Gulf
B
Mexico,
series
the
on
hassee to Carrabelle,
$250.000 of the series A and the
remaining 375.000 series A Fla., to Quincy, 11.23 miles; total, 192.13 miles. Also operates steamer
for standard-gauging. equipment, &c., the
Stock. $4450,000;
miles.
32
a.
950.
Fla.,
p.
97.
V.
Appalachicol
to
1848;
p.
81.
V.
Carabelle
purposes.
from
Ilne
future
being reserved for
V. 81.,p. 1375. 1550. par, $100. In June 1909 President Williams, it was reported, purchased
The Savannah Trust Co. is mortgage trustee.
1912-13,
In
bonds. V.88.
the
of
all
outstanding
$44,98.
net,
practically
$187,082;
and
stock
gross,
minority
1914,
30
June
the
Year ending
$34,375. p.1437. Bonds see table above. In 1906 auth.pref.stock,none issued 1913.
gross. $162,133; net,$19,482; Int.,taxes, &c.,$53,857; bal., def.,
net, $90,004; other In$609,621;
gross,
30
1914,
June
ending
p.
97,
-(V.
year
950.)
For
Baldwin.
J.
Geo.
Pres.,
In
RY.-(See MapSouthern come (deb.). $3,384; int., taxes, 8cc., 8169.417; bal., def.,$73,797.Sec.GALVESTON HARRISBURG & SAN ANTONIO
to east bank of Rio Grande 1912-13. gross. 3592.254; net. $102.944. Pres., Cora B. Williams;
Pacific.)-Owns Galveston. via Houston, Tex..miles;
p.
1437.)
88.
Ga.-(V.
Port
Bainbridge.
Papy,
G.
L.
to
Treas.,
San Antonio
River, 833 miles; Beeville to Rosenburg, 147
Fla. (40 miles from
Bay, 46 miles; Port
GEORGIA & FLORIDA R Y.-Owns from Madison,
Lavaca. 136 miles; Magers to West Shore, Galvestontrackage.
to Au3m.'total, Gulf
of Mexico), to Keysville, Ga.. 223.6 miles; trackage. Keysville
Lavaca, Stockdaie to Cuero. 46 m.: branches. 174 m.;
stock gusta. Ga., 25.9 m.; other trackage, 3.7 m.; branches, 96.5 m.: total
1.338 m. Southern Pacific Co. owns 527.055.900 of the $27.084.372
Co.,
Term.
Florida
&
Georgia
V.83.
of
1242;
stock
668.
Owns
211,
p.
81,
V.
miles.
1424;
June 30 1914, 349.8
(Par $100). V. 79. p. 2642; V.80. p.
flu. A consolidation in Aug.
p. 1528. Due Southern Pacific Co. June 30 1913, $12.935.705. 0 auth. of Augusta and Valdosta and guarantees Its 1st
V.88. p.68
1533;
936,
480.
p.
V.87,
(310,000.00
6s
345;
1st
Div.
p.
M.
ctoria
V.85,
1211;
Galveston-Vi
-The
V.
82,p.
BONDS.
1907.
$20,000 per
Issue) cover the properties acquired in 1905 and the new line from Stockdale
BONDS.-Bonds of 1907 to be limited to $12.000,000 at
to Cuero, Tex., 47 miles: $9,022,000 of the bonds have been Issued, and are mlle, of which $6.312,000 have been issued, 85,600.000 being in hands of
$630,000 in
1772.
and
p.
W.
96.
bonds
V.
130;
S.
p.
&
V.
92. p. 1636; V. 94.
held by the So. Pac.
public, $212,000 reserved to retire Millen Holders of 1st M. bonds were
Western Div. 2ds 1$6.354.0001 by agreement are treated as Income bonds: treas.
V. 85. p. 221. 530; V. 95. p. 1472. Nov. 1013 to May 1916, notes
V. 58, p. 719; V. 84, p. 803: V.88. p. 1437. Equipment bonds, $1.558,000 asked
from
years
3
to fund their coupons for
The Sou.
secured by said
65, owned by Southern Pacific. V. 76. p. 1300; V. 77. p. 2160.
to be given in exchange for said coupons as they mature,
Nov. 1
Pao. Co. owns $1.110.000 out of a total of P3,354.000 Met, & Pao.ext. 2d M. coupons bearing 5% int. (payable semi-ann.) and due on or before
1935.
1
due
Aug.
(is
to be returned.
Div.
(ext.),
1st
East
A.
are
S.
&
H.
coupons
G.
the
$4,728.000
receivership,
6s and
1918. In event of default or
agreed to funding of coupons. V.98.
EARNINGS.-12 mos.,(1913-14- _Gross, $11,824,091; net. $2,102,064 In Jan. 1914 about 82% of bonds hadtrusts
June 30 1914.$311,072.depend11912-13 __Gross. 12,065,516; net, 2,493,980 p.155. V.97. p. ION. 1504. Car
July 1 to June 30.
1912 nave cum. Int,
The *2.000.0006% 20-year gen. M. bonds of
For year ending June 30 1913: Gross, $12,232,630; net, incl. other inc.,
either in cash or certificates of
ent on Income for the first 10 years. payable
$2,757,053; charges, $3,463,946; bal., def.. $706,893.-(V. 98. D. 839.)
into 5% coupon bonds In
convertible
being
latter
the
int.,
5%
bearing
GALVESTON HOUSTON & HENDERSON RR. OF 1882.-Owns from debt
obilestions being redeemable
multiples of $300. the 6% bonds and 5% scrip
Galveston, Tex., to Houston, Tex., 50 miles. See V. 61. p. 1013.)
See V. 94, p. 630. 826, 911, 1118. The
date.
int.
any
on
int,
and
par
at
& Great Northern bonds (underwritten) were offered to stockholders at 52.
ORGANIZATION.-The hi. K. & T.and International providing
for paya contract
5851,131; net.$71.991;
have had trackage rights since Deo. 1895 under
REPORT.-For year ending June 30 1914. gross,rentals,
&c., $122,606;
to meet interest on G. H. & H. other
income, $7,101; int, on bonds, $417,683; net. $59,935;
ment to mtge. trustee of 5100.000 yearly per
other
or
dividends
for
annum
other in$24,000
$832,689:
of
rental
gross.
bonds and an additional
bal., def., 3461.197. In 1912-13,
p.697. Divs., May 1904 to 1906. 4% come,
In V.94. p. 203. Pres.. R. Lancaster
1010-11
for
Report
$83.987.
purposes-see V. 61. p. 1064: V. 83.M.
stock.
of
shares
4.999
T.
1537.)
&
owns
K.
155,
p.
98.
none.
-(V.
Earnest.
T.
C.
11913,
July
Treas.,
&
to
Sec.
yearly; since
0,000 were issued to Williams;
Columbus to McDonough.
Of the 1st gold 5s (35,000.000 authorized Issue).$2.00
GEORGIA MIDLAND R Y.-Owns road fromyears
Of the remainder, $1,000,000 is
to the Southern Rail99
retire the old bonds due April 1 1913. equipment
$2.000,000 at not Ga.. 98 miles. Leased from July 1 1896 for
and
new
of
cost
of
on the first mtge. bonds;
reserved for not over 90.%
interest
(being
rental
annual
349,500
on
Co.
for
105
way
at
property.
Stook is $1.000.000,
terminal
over $1,000,000 yearly for cost of improvements. Redeemable
Columbus
&o.) and 82.500 for
any interest day. V. 98. p. 839. For the year ending June 30 1914. gross. owned by Southern Railway Co.-(V. 63. p. 361; V. 82. p. 751.)
Stock, $1,000,000; par.$100.
in 1911-12; net, 365,GEORGIA RR.& BANKING CO.-Owns from Augusta. Ga., to Atlanta,
$319,145. against $321,931 in 1912-13 and $411,942
respectively; taxes, $33.159, against Ga., 171 m.; branches to Washington and Athens, 58 m.; Macon & Augusta
477. against 368.804. and $79,093,
net,
$469,519;
gross,
RH.(proprietary road). Camak. Ga., to Macon, Ga.. 74 m.: trackage, 4 in,;
$35,920 and $40.215. For year ending Dec. 31 1911,
bond interest, $100,000; total. 307 m. Owns 50% stock of Western Ry. of Ala. (the Central of (la.
$160,723; other income,$162,701; taxes, $39,099;
gross,
$412,317;
1910,
In
By.owning the other half). In 1910-11 sold Its 47% Interest In Atl,& West
other charges, $50,195; bal., sur., $133,131.
1392.)
Point to the lessees at $135 per share, with option of purchase at end of lease.
net, 3153,079.-(V. 97. p. 1503; V. 98, p. 304,839,
Lease.-In 1881 road leased for 09 years to W. hi. Wadley et al for the
TERMINAL R Y.-Owns extensive terminals at Galveston.
year, but In April
Hy., Colorado Southern and Chic Cent. of Ga. and the Loulsv. & Nashv., at $600.000 oer
Tex., used by Trinity & Brazos Valley
V. 87, p. 950. Owns 1899 the Loulsv. & Nashv. was held to have!acouired all rights under the
R.I. & Pacific, which own practically all tee stock.

• GALVESTON




OCT., 1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate

When
Payable

57
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

R`tiogqi•R.9.2°R.R.R.

a-

$100 $2.000.000
Georgia Southern & Florida-Common stook
684.000 5 in 1914 M di N Nov 6 1914 2ji MT & D Co, Bait: & NY
100
First pret stock non-cumulative redeemable
do
do
100 1,084.000 5 in 1914 M di N Nov 6 1914 2h
$1.084,000
• Second preferred non-cumulative
5g J di J July 1 1945
do
do
3,838.000
1.000
1895
285
MeBa.xo*
First mortgage gold $4,000,000
do
do
4g J di J July 1 1952
1,000 2,000.000
392 1902
First consol mortgage $10,000.000 gold___N.xo•&r
S
To
Equitable
434gM
di
Mch
15
1920
Trust
Co,
NY
275,000
1,000
1910
--semi-ann---Eqx
Equipment trust Ser C due $25,000
4 g F & A To Aug I 1922 Bankers Trust Co, N Y
340.000
1.000
HaX
-- 1912
do
Ser D due $22 or $21 M s-a___g__c
do
H Talm & Co. NY & Bait
5 g J & J Jan 11946
400.000
1.000
1896
-35
1st
M
Nor
&
-Albany
Georgia Southw & Gulf
5g J & J Jan 1 1949
Central Trust Co, N Y
155.500
100
35 1909
G S W & Gulf mtge
Reading Terminal, Phil.
A di 0 Oct 1 1926
5
565,000
1.000
35 1891
g(text)-x
Octtysb& Harrisb-Con(now 1st)M $565.000
RR
Eastern
Arizona
-See
(Ilia Valley Globe & Northern
N Bk Or Co. Goshen, NY
6
Various
1928-1929
246,500
ho
500
12'88-'89
are 2ds)
13o then Er Deckertown-1st & 2d M ($60,000
& II R RR
Gouverneur & Oswegatchle-See NYC
0 Apr 25 1910 135 Office Grand Rap, Mich
100 5,791,700 See text A
$6.000.000
Ry-Stock
Urand Rapids & Indiana
Winslow,Lanier&Co.N Y
920,000
J July 1 1941
1.000
34 g
335 1891
g extended in 1899-__zo•
First M mostly land grant
do
do
J July 1 1941
1,000 4,455,000
434 g
335 1891
by Penn REl_ze•
First M extended gold guaranteed
Philadelphia. Pa
0
A
5,000.000
1,000
Oct
1
1936
1896
4g
387
xe•
Second mortgage $5,000.000 gold
Philadelphia h Chioago
5g
A Feb 1 1958
1,000 2.000.000
___ 1908
$5,000,000 gold_ liPx
w-lst
M
North
&
Rapids
Grand
Bank of Mont, Lon & NY
J Jan 1 1962
M £ guar Can Govt (text)chr 1,755 1905 £100 he £11.500.000 3 $ or £
Grand Trunk Pac-First
}Co's Office. London. or
4
A
0 Apr 1 1955
916 1905 £100 he £2,100.000
guar p and I
Prairie Section M (Ser A) ,.2.100.0001
Bank of Montreal.
4
A
Grand
0 Apr 1 1955
839 1905 £100 die £2,050,000
Mountain Seo M (Ser B) £2,050.000) byTrunk
New York
A
4
0 Apr 1 1955
188 1905 £100 he £1.550.000
£1.550,000J
Lake Superior Div 1st M$16,000,000
J Jan 1 1962-- London,Montreal & NY
4
1914 £100 &c See text
c*&r*
Bonds guar by Can Govt
Int
guar
by
1936.
aft
red
$25.000,000
stock
Deb
9 N Broad St.London.E0
$100 £7,136,980
4
M & S Perpetual
Grand Trunk Ry. See text
See text
Semi-an 1919
4
1909
Loan $10,000.000 secured by mtge on Prairie section
See
text
4
July
1
1913
1923
debentures
covered
by
be
to
$15.000,000
Loan
N Y, Montreal h London
£500.000
4
1909 £100 he
M & N 1939
Grand Trk Pac Br Lines 1st M gu by Alb text--c*
do
do
£100
£238,600
4
M & N Feb 15 1942
L§
1st M gu by Alb £238.600
do
do
do
£100
&c
do
£2,032.800
4
M
&
N
1939
1§65
see
text
Saskatchewan
do
guar by
do
See text
4
30 years
Grand Trk. Pac Sask 1st 1v1 or deb stk guar (see text)
M & El 2 Mar 2 1921
1914 -£100--- See text
5
c*
Secured gold notes £2,000.000 guar red 101
£100 222,475.985
1882
None ever paid
Grand Trunk Ry-Consolidated stock £23.318.309__
£100 £12.500.000 4 in 1914 Semi-an Oct 31 19142% Check from Co's office
1884
4% guaranteed stock non-cumulative £12,500,000_
do
£100
do
£3.420,000
5
for
'13
See
text
Apr
'73-'74
1914 2 Ji
£3,420,000
5%
stock
First preference
do
£100 £2,530,000 5 for '13 See text Apr 1914 2 Ji
do
'73-'74
Second preference stock £2.530,000
do
£100 £7,168,055 234 or'13 Yearly Apr 1914234
do
3.512
Third preference 4% stock £7.168.055
£100
£4.270,375
Irredeemable
5
J&J14
/i§74
3,512
Debenture stock £4,270.575
£100 £23,922,442
}Glyn, Mills, Currie & Co
4
1874
Q-J Irredeemable
Consolidated debenture stock (collateral trust) cum}
£100 £373.000
6
T & J July 1 1919
1869
Second equip mtge (subject to 1st M in trust) _ _
ease; Atlantic Coast Co. 1899 acquired half interest. V. 68. P. 722. Owns
majority ($594.900) stock "Ga. RR. Bank." Equip. trusts 1913. 5327,261.
DIVIDENDS.1 '82. 83-'87. '88. '89 to Jan.'11 Since to Oct.'14.
11 yearly.
3 quar.
%1101( 10 yrly.10 ji
Since 1881
EARNINGS (307 m1les).-41914__ __Gross, $506,651; net, $72,690
July 1 to Aug. 31, 2 months.11913-- __Gross, 480,066: net, 37,072
Railroad earnings for year ending June 30 1914, gross, $3.327,444; net;
$695.371; other income. 5120.703: rental to Ga. RR.& Bkg. Co.. $600,000.
rentals, taxes, &c., $141,311; add'ns & betterments, $72,292; bal., stir.,
$2,471.-(V. 92. to. 795; V. 95, p. 1039).
GEORGIA SOUTHERN Et FLORIDA RV.-(See Map of Southern RV.)Owns from Macon, Ga., to Palatka, Fla.. 285 miles: on Nov. 1 1902 purchased AU. V. & W. By., Valdosta. Ga.. to Jacksonville, Fla., 107 miles;
trackage into Jacksonville,3m.; total, 395 m. V.60, p.928: V.79, p.551.
of Jacksonville Term. Co. V.77, p.626.
Also owns one-eighth of stock
Southern By. Worth to
Owns the stock of the Hawkinsville & Florida
Ashburn to Camilla, Ga., 52 miles. $586.and
miles,
44
Hawkinsville, Ga.,
000. 1st M.5% bonds being guar., p.& 1. V.79. p.2585; V.97. p. 175,365.
DIVIDEND on 11892. 1898. 1899. 1900-05. 1906. 1907-Nov'14.
3
4 yearly
434
5 yearly
3
second preferred (%)1 2
After 5% on common, all stooks share equally.
BONDS.-First mtge. of 1895 (Abstract. V.61, p. 429) provides that the
$684,000first pref. stock shall be a lien second only to the bonds and coupons.
The first consol.4s of 1902 are for the authorized amount of $10,000,000.
of which 44,684,000 are issuable to retire the $4.000.000 Si and $684.000 1st
pref. stock and 55.316.000 are reserved for future needs. V. 75. P. 980.
-11913-14__ _Gross, $405,433; net, $67,314
LATEST EARNINGS.
12 mos., July 1 to June 30.11912-13_ _Gross, 385,600; net, 46,010
REPORT.-Fiscal year ends June 30. Report for 1912-13 In V. 97,
p. 1497. In 1913-14: Gross,$2,596,549; op.income,$347,018; other income.
$161.460: int. on bonds, &c., $358,225; div. on stock, $88,400. Pres.,
Fairfax Harrison, Washington. D. C.-(V. 97, D. 1497; V. 99, p. 1214.)
GEORGIA SOUTHWESTERN & GULF RR. (Albany & Northern
to extend from Albany, Ga., southwest to St. Andrews,
Ry.).-ProJected
i
F a.,on the Gulf of Mexico. In Feb. 1910 acquired the Albany & Northern
Ry., extending from Albany northeast to Cordele, 35 miles, with capital
stock, 9350,000, and bonds, 5400,000. V. 90, p. 109, 502. Uses Albany
Passenger Terminal Co. station (opened Oct. 4 1913). owning one-fifth
of the stock. G. S. W. 8z G. stock auth., 54,000,000, issuable at $20,000
per mile: outstanding June 30 1914, $40.700. In Nov. 1908 filed a $4,000,000 mtge. to Carnegie Trust Co., N. Y., to secure 5% bonds issuable at
920,000 per mile. A. & N. car trusts June 30 1914, $9,000. due $3,000
yearly. For year 1913-14, gross,$133,720; net,after taxes,$43,358; deductions, $34,037; bal., sur., 69,321. Pres., W. M. Legg, Albany, Ga.: Sec.Treas., H. J. Bruton, Bainbridge, Ga.-(V. 90, p• 502.)
GETTYSBURG & HARRISBURG RV.-Carlisle to Gettysburg. Pa., 31
m.; branch to Round Top, Pa.. 3 m.; braneh Pine Grove Furnace to Hunter's Run, 8 m. (Hunter's Run & Slate Belt RR which was taken over
Oct. 31 1910). The Reading Co. owns $553 95Cof the $600.000 capital
stock; $535,000 deposited under its gen. mtge*. of 1896 The consol. 5s of
1891 (then $215,0001 were guaranteed by Phila. & Reading RR tforeclosed)•
$250,000 were issued to take up the 1st 5s due Oct. 1 1912(V..95,
p. 1039):
GOUVERNEUR & OSWEGATCHIE RR.-See N. V.0.& H. R. RR.
GRAND RAPIDS & INDIANA RY.-(See Maps of Pennsylvania RR.)Owns from Fort Wayne. Ind.. to Mackinaw City. 366 m.; branches. 54m4
total owned. 429 miles; operates tke following roads, but has
not assumed
the old company's leases thereof: Cin. Richmond & Ft. Wayne RR,
86m
Traverse City RR. (nearly all the stock and all the income bonds owned)
•.
..
26 m.; Muskegon Grand Rapids h Indiana RR., 37 m.; trackage, 7 m.•
Traverse City Leelanau & Manistique RR., Traverse City to Northport,
Mich., 30 miles (inc!. 6 m. trackage). See V. 74. p. 777; V. 76, p. 811:
V. 82, p. 988. 1098.
HISTORY.-Successor Aug.11898 of Railroad,foreclosed (V.
9.153).
STOCK.-Stook, $5.791,700, of which Pennsylvania interests
63*are supposed to own all or nearly all. Penn. Co. on Jan.1 1914 owned
DIV'S.-1900. 1%; 1901, 2%: 1902 to April 1910,3% (yly): $2.965.900.
none since.
BONDS.-The first mtge. bonds extended at 4 Si% are endorsed with the
guaranty of the Penn. RR.Co. to purchase the coupons as they
and
mature.
the bond Itself at maturity. See guaranty, V. 56, p. 649; V. 69,
p.1193.
Of the 2nds, 5888,000 were owned Jan. 1 1914 by Pennsylvania RR. and
$3,487,000 by the Penn. Company. Equip. trusts Dec. 31 1913. 5121.190.
19
11
8,0.
REPOR1.-Report for 1913 In V. 98, p. 1601. In 1913 carried 3.3
030
tons of freight, of which 35% was lumber, ere., and 24% coal and coke.
1913.
1912.
1911.
Year ending Dec. 31423
420
432
433
Miles operated
$4,416,202 $4,309,060 $4,003,664 $4,125,419
Gross income
675,464
680,515
549.134
Net over expenses and taxes. 543.508
Other Income, $44,829; interest and other charges, &c., $533,252: additions and betterments. 955,085; bal., sur., none. Pres., John H. P.
Hughart.-(V. 98, P. 16010
new trans-contiGRAND TRUNK PACIFIC RV.-(See Maps.)-This
support of the Governnental railway is being built with the joint financial
will
consist
of a main line
It
Canada.
ment and the Grand Trunk By. of
Moncton, N. B., to
of an estimated length of about 3,550 miles, from
miles
south
of southern
30
about
Ocean,
Pacific
Prince Rupert, B. C., on
boundary of Alaska, with branch 188 miles; expected to be in full operation
In autumn of 1914, viz.:
Miles.
1. Leased Line, Now Being Built by Canadian Governmentabout__ --1.804
Eastern Div.. Moncton, N. B., via.Quebec to Winnipeg.
Pacific
Ry.
Co.
-for
Trunk
Grand
to
(To be leased for 50 years
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 Dtvision, Built and Owned by Company916
a. Prairie Section, Winnipeg to Rooky Mountains. about
629
b. Mountain Division. Rocky Mountains to Pacific! Ocean. about
3. Lake Superior Branch, Built and Owned by Company188
Thunder Bay on Lake Superior to East. Div., east of Winnipeg




In June 1914 there had been built 4;738 miles, viz.:
Winnipeg to Prince Rupert
188
1,746'Lake Superior branch
Branch lines, say
1,000'Main line, Eastern Division-1,804
V. 98, p. 73, 1244, 1528. Winnipeg terminals, V. 89, p. 666.
ORGANIZATION.-Incorp. by Canadian Parliament in 1003. 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, IL 333; V. 86, p. 1100: V. 88.
p. 295, 822, 1372. 1437. In Apr. 1914 about 1.400 miles of branches were
under construction, of which about 1,009 completed. V. 92, p.881, 1238.
V.93. p. 1105. Has option on Pac. Great East. By.,450 us.; see that co.
STOCK.-Authorized, $45,000,000 (par or 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 cost of construction of the Western
division, such amount (a) in the case of the Prairie Section not to exceed
$13,000 per mile. or £3,210,000 in all; and (b) three-quarters of total cost
per mile from the mountains to Pacific Coast, called Mountain Section.
Total issue, £14.000,000; Royal Trust Co., Canada. trustee. V. 80, p.
996, 1234, 1363; V.81, p. 507. 613: V. 80. p. 224. 286; V. 91. p. 214. 276.
Decision as to guaranty by Gov't, V. 93. p. 1386. 1462: V. 95,P. 1607.
In June 1914 an Act was passed providing for the guaranty on certain
conditions by the Canadian Govt. of £3,280,000 4% bonds due Jan. 1 1962
to aid In completing the road to the Pacific Coast. V. 98, p. 1766, 1920;
V. 99, p. 342, 674.
Series "A"(Prairie Sec.) and Ser."B"(Mtn. Sec.) 4% bonds are secured
by a second mtge. (National Trust Co., Toronto, trustee) on the railway.
equipment and tolls of the co., Including its leasehold interest in the Eastern
Division, but not branch lines exceeding 6 miles in length, ships, grants of
lands (other than for railway purposes) and the rolling stock of the East.Div.
or of the above-mentioned branch lines of over 6 miles. These bonds are
altar. as to prin. and int. by the Grand Trunk By. Co. See form in V. 80.
p. 996: also see V.80. p. 996: V. 86. p. 794; V. 90. p. 1165; V.92, p. 725.
Although the mortgage to secure the 3% bonds guaranteed by the Government ranks before the mtges. securing 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 int. 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 particular
division pani passu between the holders of the bonds guar. by the Govt.
and the holders of the bonds guar. by the Grand Trunk By. Co. in the proportion of 75% of such earnings to the holders of the Govt bonds and 25
to the holders of the bonds of this division guar. by the Grand Trunk Ry. Co.
In May 1909 the Dominion Government agreed to loan not exceeding
$10.000,000, repayable In 10 years or at any time on 6 months' notice.
Interest thereon to be 4%, payable semi-annually, secured by the company's bonds to the same amount, maturing 1919, guar. prin. and int. by
the Grand Trunk, under a mtge. on the Prairie Section, subject to existing
prior liens. V.88, p. 822, 1194, 1061. 1253; V.90, p. 1165. In June 1913
a loan of not exceeding $15,000.000 (the advances to be made probably over
a period of two years) was authorized, payable in 10 years, with 4% int.,
to be covered by debentures constituting a charge on the entire western
division next after all existing authorized charges and guaranteed. prin. and
int., by the Grand Trunk Ry. V. 96, p. 1629, 1772; V. 97, p. 175.
Lake Superior Div. bds. cover the 188-m. Lake Sup. Div.(V.80, p.996)•
In 1909 the 'provinces of Saskatchewan and Alberta agreed to guarantee
prin. & int., of 1st M.bonds to belss. at $13,000 p.m. by the Grand Trunk
Pacific Branch Lines Co. for construction of new lines .670 miles in Saskatchewan and 491 in Alberta. Power is given to issue addl bonds.52.000
p. m. V. 90. p. 1044. 1165; V. 88, p. 1437: V. 96. n. 285: V. 97, p. 1583.
The Grand Trunk Pac. Branch Lines Co. on March 24 1914 auth. certain
mtges. to secure issues of bonds to be made by the company. V. 98, p.
p
9.
6.
40
p6. 28A
p763;
5lberta guarantees Alberta Coal branch 45. V. 95,
V.1331;
In 1013 an Act was passed authorizing the Province of Saskatchewan to
guarantee, prin. and int., at the rate of $15,000 per mile of 434% 30-year
bonds, debentures, debenture stock or other securities to be issued by the
Grand Trunk Pacific Saskatchewan By. for new construction; also on additonal mileage not over $15.000 per mile. V. 94. p. 1448.
DEBENTURE STOCK.-In 1906 525.000.000 perpetual debenture
stock was authorized, int. guar. by Grand Trunk By. under certain conditions. See V. 84, p. 570; V. 96, p. 1296: V. 88. p. 624; V. 90. p. 303:
V. 96, p. 789. In 1913 $25,000.000 perpetual deb. stock was authorized.
V. 94, p. 207; V. 95, p. 1207, 1607: V. 96, p. 789. 1088, 1297, 1629, 1700.
NOTES.-The £2,000,000 7-yr. 5% notes dated Mar. 2 1914 (of which
66% were subscribed in London) are secured by E3,000,000 4% debenture
stock ranking pani
ith the £7,136.980 already issued and are guaranteed, prin. & Int.,passuw
by the Grand Trunk Ry.,which has endorsed the notes.
They are redeemable as a whole at 101 or in amounts of not less than
£200,000 by drawings, on any int, date on 60 days' notice (in the latter case
a proportionate part of the collateral to be released). V. 98. la• 73.
OFFICERS.-Pres., E. J. Chamberlain, Montreal, Can.; Sec.. Henry
Philips; Treas., Frank Scott.-(V. 99. p. 342, 674, 1130. 1214).
GRAND TRUNK RY. OF CANADA.-(See Maps.)-Quebec, Can.,
Montreal to Chicago,Ill., also to Portland, Buffalo, Detroit, Toledo.:eue
.s.
SYSTEM PROPER.
REPORTED SEPARATELY.
Miles.
Majority stock owned.
Lines owned
2.952 Central Vermont*
531
Leased-partly owned.
Grand Trunk Western*
347
Atlantic & St. Lawrence, PortEntire stock owned.
land,Me..to Island Pond, Vt- 165 Pontiac Oxford & Northern_
101
Buffalo & Lake Huron
164 Detroit Grand Haven & Mil•_- 191
Cincin. Sag. & Mackinaw
53 Tot. Sag. h Muskegon
Other lines
211
Jointly owned.
Detroit & Toledo Shore Line :
4.89
76
0
Zar
otal
ferry.
it earnings
3
ilw
.5a
45
ukee.Totsaelersoeadp
Grand HavenHaven to M
arate statement this CO.

Superior




Gods L.

0

/

i
em.prut.
so
TOwitvOR-OtiAvA,
3 00 mt414,,S!;•

A/

ke
epegosia

BRBella Coola
COLUMBI
C'hileo L.
Lillooett
rISMCRIMANS C

A

a

Sicamous Jo.

.Bid.Inlet

or

0 Darmoby
Forgray

‘
r
.
r,

-

err.-.gi
r
...I "

^

-4

'
71e

3:texfordi

Pacific Jo.

ntOR•

hurchs Peri;

rd
Buford

poplar

Woods

0rt-rrances

o

Republic

zPACIFIC

0, TRUNK

B
.0
EMER.

Bingham

Red Lake

veett
W A

FAIN

SEAT
--

A
° Lew'stow n

TACOMA
•

N.

0

Great FalL$

GTON

Trinidad
aon•

Ellensbur.
Chehalis
Ke newics

ancouve
RTLAND

&

c;

A.

p•

6

L.

OR
Oakland

E

Sh o I

Edgemont

A

Rawlins

NEV
Winnemucca

Granger

OGDEN

A

Cheyenne

no

K
Albert Lea

Stamford
eldon
Valentine
O'Neill

ford

Dakota Jo.
Alliance,

MAP OF THE

0, Mullett
N7 E B
Sidney„,

4

414soui Sioux City

Dakota

1.0*

Garfield

BUR.

Provo

Austin Eureka

OUR.

A

H

A

',Lilco Is

Steamboat Springs°

Bonner

OMA

a.

Salt Lake City
Pailsade

AND CONNECTIONS




Pierre

D

Thermopolis
WY. MI N G
Cra
Lander
Cao1.eerZL

(WESTERN SECTION)

Double Track
sammomm Lines in Operation
'MAMMA& Lines under Construction El am•sa IN Projected Lines

Deadwood

Cody

"Glendale

Grand Trunk System

SO
Sheridan

Park

Ae.tir 0
Hun thigton
Yampa
G 0 N

berdeen

llobridge

Livingston
Gardiner
Y
on
Yellowsto e Nat/area!

° Council

ldahna

o.

B u to

0.
Salem

Fargo'

Siarmartla
•

/Anaconda

° Stites

31 head

DA
ni.murek

aGlendive
Terry

"'at:"

0 0 L
'Glenwood

DENVE

z

-.74-4_„;

K

N132.u. e

a.

a

"

SCEN011 CENV SNOOLLS AVM'IIVII

175 )
CHARL
ISLAND

•

SIDNEY

Carrington
Washburn ei`eijan
ppC•
Jamestown

NOR.

Bismarck

NOR. Steele F'C.Va
4 Streete
e.

,selgeleY

Heaft
Lnpol ST. P.
tie h Shiite
WATER OWN

e° Pennock
nn A

1.\
:::n
it:
ly
1teF
7dI:all
s

0

4/0

asbashlaierrili°0

in n..

Dodge Cen. N. w.

ronL

Renova

A

Tomah
LaC
ir-oSsPa
serc
t

bert Lea A

Fo

et Cy.

Eturn tsbu

iecor
les

Ole

Rapids

pleton

Eh Neel

'9'.

Viroqua
POI
.

ahF

Maso

4
il)
A
r




Gran

Marshland

orthington'A"..

(EASTERN SECT1ON

Ma

&
Elan
Marshfield
Stevens Pt.

wa °It

it

dd Cate°.

1

,t'Ae

\111:1

li. al
IIY ,

c'
:laenk: R

Wet

..,...7__
11,91111wil,,,,vaibti....air-wassittawwws
lit

Thedford

Antigo

ottsford

7.

F ri im

GREAT NORTHERN RAILWAY

Ellis Jc.

44

Man •he
i,•ter
k:
aya
Free
4
1 ,i111_
bi... :
6
06,

A
''Ik :\\

"IIICIIIMVA

.Brews

.

SCENOU (ENV SNOWS AVALVIIVII

IR"

0

o

....t............ R.„..7ii,

SSSINISOINE

tk,

Box Elder
d

•
zeikaapq,
ey:flit:4

L.:l

'Farmington

•

r.Y.
)V
4

•^.2dtn.

(4tarfleld
LENA
ek
Dayton
Vaitsburgh

Supernal.
. _61

While Sulphur Sprs.
lha ibra °
Townsend
Lombard
'•

'mat
.19a Athena
Pendir
Ii
if

baotcia

FOREST
GROVE
Whiteson

Q0OBrnla
erldun
olds" J.•
Dana
ails City
;tithe

Entirprise
'Union

rI r-;

Cinnabar

Red Lodge

Ida= Slot ipra.

YELLOWpTONE
eamm
Darrille

Lebanon 4
SEN O

John Day,

Sumter

MAP OF THE

GREAT NORTHERN RAILWAY
(WESTERN SECTION)

yAeniolw0,70;AiLnAk.Cody
IARK

G canyon di,
Vale




.

Bas'it-Cy

SCIN011 CINV SNDOIS AVAVIIVII

43
/
4,
4e>4

62

RAILWAY STOCKS AND BONDS

[VOL. xcix.

Last Dividend
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Payable and Maturity
%
Road Bonds Value Outstanding
page]
[For abbreviations. &c.. see notes on first
d)Grand Trunk Railway-ironclude
London
F 8 A Irredeemable
5
a 83634 Var
stock
£100 £2,723,080
Great Western perpetual,debenture
A & 0 Irredeemable
6
o} 4904 J1868
£14,600
B bonds
allorthern Ry third preference A & £425.850
Irredeemable
A
&
F
4
£308,215
11884
Debenture stock 4% perpetual
ankers Trust Co, N Y
6 g J 8 J July 1 1916
100 1896
1.000
1400.000
5400.000_____Ba.0*
Pontiac Oxford 8 Nor 1st M
A & 0 Oct 1 1918
5
cs
£100 12.000.000
1913
Secured notes E2.000.000 redeemable 101
UnSDecTrCo,
19154941
PortI'd,Me
-_- 1901
3 31 g1 & J July
1.000
5270.000
New England Eiev 1st M g en due $10,000 yearly-Montreal or London • •
A 8 0 Apr 1 1936
__ 1906 * or £
4
1,000.000
Montreal Warehousing 1st M Al 000.000 gold guarYork
New
'22
May'15-May
N
8
M
434
Ba .__ 1912
1,000 2.955,000
102)4
Car trusts due $197,000 semi-an fled
do
434 g M & N May'15-Nov'22
-- 1912
1.000 2,688.000
do Ser B gold due 2168.0(X)s-a red 10234 Ba
Chase Nat Bank & Chic
198,000
1,000
11
Oar trusts19
A
14
11.
534
do Ser C due s-a $113 M 5•yrs then 2112 M _
.
434 M & N May '15-Nov'23
1 1913
Ea I
1,000 2,000.000
red 10234
Whipple Car Co 1st r. e.& coll. tr M g due $30,000
0
6 g J & D To Dec 1922
285,000
1 1912
yearly red 102
Grand Trunk WesternBank Montreal,NY &Lot
4 g J & J July 1 1950
15,000.000
Fx 326.5 1900
14£
First If int gu g $ (cur) 8 £
do
do
4 g M & S Sept 1 1962
331 1912
7,662,236
Gen consol M auth $30,000.000 guar p & i_ --_ Usmx
Nassau St. New York
32
134
1914
2
Nov
Q-F
1914
in
249,997.7007
100
$250.000,000
Great Northern-Stock
do
do
431 g J & J July 1 1961
red 105 beg '41_ _ _Ba.xo•8r• 7.593 1911 1.000 ,ke 35.000,000
Gt Nor 1st 8 ref M gDivisional
BondsOld Underlying
do
do
ko gold_ Cez} 2,541 188.3
8 g J & J July 1 1933
1.000 13,344,000
St FM & 114 consol mtgel(now 1st
do
do
434 g J & J July 1 1933
1,000 21.166.000
f(V 91 p 518) sink fund_z 2,541 1883
for 150,000.000
do
do
4 g J & J July 1 1933
2.541 ____
1.000 8.344,000
do
do
1937
1
gold__
June
_Ce.zo•
8r
417 1887
4g J 8 D
1,000 al0,185,000
Montana Ext 1st M ($25,000 pm)
NY & Lond, Baring Bros
4 g J & j" July 1 1940
Ce.zo•8r
849 1890 £100 80 £6.000,000
Pacific Extension Al £6,000,000 gold
N Y
Co,
&
Morgan
P
.1
1921
.1
at
1
-__
&
4
call
fixo*&r*
to
July
J
J
1901
g
105)
1E107613500
(sub
11.00080
C B 8 Q col tr Mg
do
do
Q-J July 1 1921
registered_ -zr*
do
1 4g
-_- 1901 1.000 8c f
do
do
St. New York
Nassau
32
1
assumed
July
J
1922
2
e.zo•
&
C
J
1882
g
6
1,000
2.150.000
gola
ratge
1st
Ry
Un
Minn
do
do
2 1882
5 g J & J July 1 1922
do
650.000
1,000
do
do
32 NassauNY;Lee,H,Bos
284 1898 1,000 80 d9.695,000
4 g A 8 0 Apr 1 1948
If $9,700,000 g ass red_Ba.yr 8r
E of Minn No Div ($6,000.000
York
New
St,
Nassau
32
68)
J
are
1
8
July
J
g
1937
6
&
1887
ass___Ce.zo8r
250
80
10,000,0005
1.000
Mg
1st
Mont Cent
do
do
5g J & D June 1 1938
304 1888
1,000 3,625,000
Willmar 8 Sioux Falls lst M g assum (end)Ce.zo*der
do
do
Ba.xc•
J & J July I 1939
130 1889
6
229.000
1.000
Spokane Falls & North first mtge g assum
North Quebec RY
(It North Ry of Can-See Canadian
Sec Say 8 Tr Co, Port,Or
x
gold
5 g J de J July 11928
1.000 See text
1908
Great Southern RR-Ist If 55,000.000
Feb 9 1914 5% Office 40 Wall St, N Y
Feb
(see
-Stock
text)
100 2,500.0005 Feb '14
RR
Western
&
Green Bay
do
do
9
Feb
1914
Feb
5%
'14
Feb
non-cum
zc•
text
-__
600.0005
1.000
1896
Debentures Class A incomes
do
do
Feb 9 1914 54
Feb
-__ 1896
1.000 7.000.000 )4Feb.14
Class A incomes after 5% on stock non-cum_zo*
for
ho
Pacific
Extens
pledged
ion
nds
additional
a $11,502,000
.
1I
d Sublect to call at 105 after April 1928
Canada Atlantic By. and guar., prin.
On Sept. 30 1905 began operating
1914 was authorized to merge the company.
and int. on its 4% bonds,and in85,
600: V. 97. p. 1351; V. 98, p. 1156.
p.
V.
2620:
2455.
V. 79. p. 1641.
Vermont from Montreal to
Has projected a through line via the Central
1331, 1403; V. 96. p. 419. In Nov
Providence. V. 91. p. 416: V. 95, p. Co..
Car
Chicago, and assumed bonds.
1913 purchased stock of Whipple 5348
of 1911. V.97. p. 1663.
$300.000 65 of 1912 and $198,000
Trackage. Temisk.& Nor. Ont. By.. 252 m.: V.93,p. 1462; V.94,p.1246.
permits the company to purchase bonds
The Grand Trunk Act of 1912Trunk
Western Ry. or other companies.
or guarantee securities of Grand
8c.,and to issue notover16,250.000additional consolidated debenture stock.
V.94. p. 207, 1246. Car trusts, V. 94. p. 1185, 1246; V. 95, p. 1122.
was £48,936,364
STOCK, &c.-The authorized capital on Dec. 31 1913
unissued): advance. from Canastock (148.094,040 issued and £842,324
to
amount
consol.
construction
£3,111,500.
Perpetual
of
aid
dian Govt. in
and later Acts, has been issued from
4% deb. stock auth. by Act of 1882,
companies
of
and
consolidated
controlled,
securities
acquire
to
time
to
time
amounting Dec. 31 1913 to £13,727.338 and bearing an annual interest of
V. 82, p. 692: V. 86. p. 602,
1689,397. V. 71,p. 84; V.88, p. 822, 1194;
consol. deb. stock was issued, in
1100. In Apr. 1912 £1,500,000 perpetual
in Apr. 1914 £1,500.000. raising the
Dec. 1912 /1,060.000 was sold and p.
1119. 1763; V. 95, p. 1683-4; V. 96.
amount out to £23,922,442. V. 94, received
authority to make a further
In Dec. 1912
p. 2;V. 98, p. 1156.
of which £1,000.000 was underwritWue of £5,000.000 consol. deb.stock,
1089.
p.
96,
V.
1607;
1207.
p.
95,
ten. V.
to hold one annual general
In 1914 Parliament authorized company (1)
create additional consolidated
meeting and make one report yearly; to
interest
on which is not to exceed
annual
the
amount
an
debenture stock to
for amalgamation with the Canada
1100,000: (2) to confirm an agreement
amounts of stock as may be necAtlantic By. and the issuance of such addlJulYand
Aug.'13 £2,00O,0005%
In
essary. V.97,p. 1733; V.98,p. 1156.
secured by 12,000,000 perpetual cons.
5-yr. notes dated Oct. 1'13 were sold,
not less than /200,000
of
amounts
in
or
whole
a
as
Redeemable
deb.stock.
notice, the trustee to release a
by drawings on any int. date on 60 days'
97, p. 298, 521. On June 25 1914
proportionate part of the collateral. V.
on a 44% basis, re-payable
310.000,000 1-year bills were placed in London
valuation of 70. V. 99,
July 15 1915. secured by 4% debenture stock at a
p. 48.
guaranteed
Warehousing
Montreal
452.
Station Co. bonds, V. 82. p.
V. 86. p. 1042; V.
bonds, V. 8.3, p. 37. Grand Trunk Pacific Devel. Co.,
TermToronto
1107.
p.
93.
V.
1238;
p.
92.
V.
1449:
90. p. 306; V. 91. p.
inals By., V. 95,p. 1474; V. 98, p. 1768. Ottawa Terminals Rya., V. 95.
p. 1207.
DIVS.-Forl '01. '02. '03. '04. '05. '06 '07. '08. '09. '10. '11. '12.'13.
2d pref__% j 4 5 5 5 5 5 5 234 5 5 534 5 5
0
34 1
234 234
2 0 2 3 3 0
1
%j 0
3d pref_
As accounts are now made up for years to Dec. 31, payments on pref.
stocks were deferred to early part of 1915. V .99, p. 816.
Gross, $28,168,275; net, $7,311,916
EARNINGS.-8 mos..f1914
Gross, 30,891,081; net, 7,459,371
11913
Jan. 1 to Aug. 31.
in V. 98. p. 1528. Half-yearly
was
for
1913
-Statement
REPORT.
meeting Apr. 1914, V. 98, p. 1528. Results for calendar years:
1910.
1911.
1912.
1913.
19,134.554 .18.447.087 £7,696,9577 £.021.535
Gross earnings
5.246,752
5.739.076
6.127.968
Transportation expenses 6.767.269
1,774.783
1.957.881
2,319.119
2,367,285
Net earnings
2,128,222
2,277,430
2.535,112
2,704,009
Total net income_
155,206
155,206
155,206
155.206
Deduct-Rentals
1.110,770
1.163.065
1,193,048
Int. on bcls.& deb. stock 1,297.397
129.121
129,273
221.424
274.284
Adv. to controlled roads
ri496.823 4483,112 (41427.430 11402.775
Divs, on guar. stock
5 170.841
5 170.841 (5)170.841 (5)170.841
do 1st pref. stock
5 126.420
do 2d pref. stock__ _ 5 126,420 (5)126.420 (5)126.420
34)35.823
((234 179.116(234)179,118(134)107,469
, do 3d pref. stock -_def.2.274 te def.2,734
sur.5.945
sur.3,922
Balance
OFFICERS.-Pres.E. J. Chamberlin; Chairman of Board. Alfred W.
Smithers.-(V. 98, p.'1993; V. 99, p. 48, 406, 816.)
GRAND TRUNK WESTERN RV.-Owns from Port Huron. Mich.,
to Chic. & West. Ind. RR., at Chicago. 330 m.; leases Chic. Kalamazoo tic
Saginaw. 9.57 m.; Chic. & Kalamazoo Terminal, 1.73 in.; trackage Chic. dr
West. Ind.. 5 m.j total, 347 m. Stock. 16,000,000, all owned by Grand
Trunk. V.69,p.954; V.71. p.22. Allied line, Pont. Ox.& Nor., 100 m.
BONDS.-The Grand Trunk unconditionally guarantees the interest on
1 1910 at 85 and
the 1st 45. The Incomes were called for payment on Dec.
1239. Jointly with Toledo St. Louis 8 West.
any int. then due. V.90.
p.
V. 89,9.1411.
bonds.
V.76,
653:
Line
p.
Shore
Toledo
&
Det.
guarantees
a new mtge.for $30.000.000.
In March 1911 authority was granted to make
were pur1962,
1
due
45,
Sept.
$7,662,000
road;
the
improve
and
extend
to
latter guarantees principal and interchased by the Grand Trunk By. Thethe
firsts at maturity. V. 92. p. 795,
est: 215,000,000 to be held to retire
1108, 1242. 1436: V. 93, p. 1323; V. 97. p. 237.
EARNINGS.-8 mos., 1914_ _ --Gross, $4,742,635; op. def., $105.845
410,975
1913_ _ _ _Gross, 4,947,756; net,
Jan. 1 to Aug. 31.
Year ending June 30 1914, gross, $7.184,559; net, after taxes, $690,673;
93,
$547,263.-(V.
deficit,
21,941,461;
charges.
$696.385;
other income,
P. 1323; V. 96. p. 1700; V. 97, p. 175. 237.)
from
St.
line
a
-Operates
Maps.)
RY.-(See
GREAT NORTHERN
Wash., to Seattle, Wash., and VanPaul and Duluth, Minn., via Spokane.into
and
Ore..
numerous
Portland,
rights
trackage
with
couver, B. C.
Montana, Idaho,
branches in Minnesota, Iowa. North and South Dakota,
Washington, Manitoba and British Col. Total June 30 1914, 7,803,viz.:
es.
Lines owned in fee.
Wis., to Devils Lake,
St. Paul to St. Vincent, Minn-- 393 Allouez,
381
D
N.
Wash__1,804
Seattle,
Minneapolis to
Butte
291
Everett, Wash., to Vancouver- 128 Pacific Jct., Mont.. to
Barnesville, Minn., to Portage
Coon Creek, Minn., to Su258
Man
Prairie,
la
134
perior, Wis




3.391
280 Variousbranches
St. Cloud to Sioux City
226 Trackage
294
Fargo to Surrey, N.D
Great Falls, Mont.. to Laurel-- 223 12nd, &c.. tracks and sidings. 2.336
Owns jointly with Northern Pacific the Spokane Portland & Seattle By..
556 miles. V. 85, p. 1273: V. 86, p. 1529.
In Dec. 1908 Chic. Burl. & Quincy (Jointly held with Nor. Pac.) acquired
p. 1664. Uses jointly Northern
control of Colo. & Southern. V.
87, 174 miles. V.85, p.1372.
Pacific line. Seattle to Vancouver. WashIn Dec. 1909 a Joint control was acquired of Spokane & Inland Empire
(Electric) RR.. 213 m. See "Electric Ry." Section.
In 1912 the Midland By. of Manitoba, formed in the joint Interest
rights
of the company and the Northern Pacific Ry., obtainee trackage
Man., and Winnipeg,
from the Canadian Northern Ry. between Emerson.
V.
236.
p.
95,
years.
999
for
contemplated
and
years,
68 miles, for 20
ORGANIZATION.-In 1907-08 absorbed St. Paul Minn. & Man, and
other roads theretofore controlled. V. 85, p. 600. 1209: V.86, p. 168, 794.
stook
STOCK.-In 1898 surrendered the right to issue common stock, allp.749.
V. 8.3. p. 1469: V.84.
being "of a single class with uniform rights."
up
Stockholders of record Mar. 26 1914 were offered the right to subscribe
40% May 11,30% Aug.
to May lifer $19,000,000 new stock at par, payable
11 and 30% Oct.131914,raising the amountput to $250.000.000. V.98.p.610.
DIVIDENDS.- 192 to '96 (Incl.) '97. '98. '99. '00. 1901 to Nov '14.
534 83 7 7 7% yearly. Q-F
5% yearly
Per cent
was then exchanged
Also in 1898 50% n Seattle & Mont. stock whichGt.
Nor. pref. V.66.
to additional
subscription
of
at 80 in payment 0(40%
in Nov. 1907 134%
p. 1044. 1188; V. 74. P. 829. In May 1901, 34% and
1906 unit for,
Dec.
in
and
Co.,
Ltd..
Superior
Lake
of
earns.
from
was paid
unit, 1.500,000 shares in iron ore properties. See "General Finances.'
-Of the "1st & ref." 50-year bonds ($600,000,000 auth.), $70,BONDS.
$35,000,535.000 have been issued as 44% bonds to June 30 1914, of whichof
public)
000 sold and $35,535,000 held in treasury. These bonds (in hands
are a first lien, directly or through deposit of stock,on 2,811.33 miles of road
at 212,449 per m., and a general lien (subject to existing liens of $22,689
per m.) on 4,781.14 miles: total mileage covered. 7.528.86: also secured by
equipment at the time of the mortgage costing $59.073,180. upon $46.200.068 of which it is a first lien. V.92, p. 1499; V. 93. p. 871; V. 98, p.698.
Provisions Respecting Issuance of the $600.000.000 Bonds Authorized.
Sold for ores, purposes. $35,000,000; held in treas..$10.000,000445.000.000
Reserved to retire existing obligations, Including the $222.400,000 auth. issue of Northern Pacific-Great Northern joint 4s,
due 1921, of which 17,173.000 have not yet been Issued (no
additional bonds, not provided for in the mortgage, are to be
332,162.000
Issued or underlying bonds extended)
Reserved for general corporate purposes, acquisition of new
lines, 80., and purchase of stocks and bonds of other cos_ _ _122.838,000
Reserved for the acquisition and construction of new lines. terminals, 80., at not exceeding $3,000.000 in any cal. year _100,000.000
The $35,535,000 of above issue held in the treasury includes: $13,535,000
issued for acquisition of stocks of other cos., 212.000,000 for acquisition and
construction of new lines, &c. and $10,000,000 of original $45,000,000.
St. Paul Minn. & Man. consol. mtge. of 1883, for $50.000.000, is now a
first lien on both land grant and 2,540,62 miles ofroad andasecond lienon
2.47 m.formerly owned by Minneapolis Union By. V. 91. p. 518; V. 64.
p. 518; V. 86, p. 229; V.87, p. 1533; V.88, p. 295, 624, 1061, 1372.
dontana Extension mtge. is limited to $21,687,000 on 837 miles in State
of Montana: $10,185,000 are in hands of the public and 211502,000 with
trustee of Pacific ext. mtge. to secure to that mtge. first lien on tracks
Pacific Jct. to Idaho State line. 417 miles.
Pacific Extension mtge., £6,000.000, at £6,000 per mile in Montana and
17,000 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.
On June 30 1914 Gt. Nor.and Nor.Pac. had acquired $107.613.500 of the
their
$110,839.100 Chicago Burl. & Quincy RR, stook, in exchange for trust,
joint 20-year 4% gold bonds, secured by the deposit of the stock in
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. 003: V. 85, p. 600.
Eastern Ry. of Minnesota.-Nor. Div. mtge. of 1898 limited to $9.700.000.
are red. at 105 after April 1 1928. V. 66. p. 471: V. 88, p. 1002. 1253.
GENERAL FINANCES.-Total funded debt in hands of public June 80
1914. 3143,478,909. Per mile of road (7,528.16 m.), bonds $19,058.96;
stock,$30,684.48. Train load, 1913-14,663 tons,against 635 in 1912-13.
The U. S Steel Co. late In 1911 (V. 93, p. 119) announced its intention
to cancel the lease of the ore lands represented by the trust certificates Issued in 1906. See Great Northern Iron Ore Properties under "Industels."
Gross, $13,757,102: net, $6,872,272
EARNINGS.-2 mos.,{1914
Gross, 14,808,881; net, 6,422,124
1913
July 1 to Aug. 31.
REPORT.-For 1913-14, V.99, p. 1045, 1056. Editorial, p. 1098.
1913-14.
1912-13.
1911-12.
7,686
7,781
7,369
Average miles operated
215,224,462 $15,158,588 $13,623,009
Passenger earnings
55,025,016 58,426,236 47.877.369
Freight
4,749,898
4,841,422
4,417.729
Mail, express. ho
382,969
358,045
279.712
Other than transportation
275,473,869 878,692,767 $66.197,819
Gross operating revenues
$27.776,452
$31,884,417
income
$28,870,498
Gross corporate
772,043
754,453
Rentals paid
10,869
85.555
Hire of equipment, balance, etc
6,451,522
6.458,506
6,461.789
Bond interest accrued
15,063.048 14.698.659 14,698,982
Dividends on stock (7%)
572,600
209.320
Interest new stock subscriptions
256.332
128.166
Renewal Allouez Bay ore docks
250,000
Refunds Minn. Rate Case
Depreciation of steamships
750,000
1,000,000
4,250.000
Impt. and renewal fund
3,502.000
$.3,311,571 $4,282,168 $2.70.3,273
Balance, surplus

NO:888

OCT., 19141

RAILWAY STOCKS AND BONDS

63
atINAT

MAP SHOWTNG THE LOCATION OP TH

GULF, FLORIDA & ALABAMA
RAILWAY COMPANY
as Cgt. Louis

DEEP WATER ROUTE
WITH NORTHERN CONNECTION

• Centralia

MilIsta

0. I

2

N.

Aft.Vernon

shley

FRANKF,C__ T,
--

New Albany
001SVILL

D.
N'Evansville

Cam,

physbol
HendiCrson

yvth

Junction Cy.

Parker
• t)
Ca ,e Girarteau

Glasgow Je.
aducah

Bowling Green
,Hopkinsville

oplar DIME
1.‘

IVillisteneb

0Scottevlile

Russellville

Clarksville
H

suite
Gallatin

Martin,
Paris

arrinian Jc.

ASH VILLE

Dickson

Harriman
Humboldt
e

ton
°,

/Ripley

Lexington

McMinnville

Perryville

)eekerville

Flaye

Iron City
Florence

Corinth

ellico Plan.

Victoria
Cttaneoga
Pitts ,urg
Brulge7tStei, loon
Huntsville

MEMPHIS
Moscow

Athens

Summertown
Tullahoma
\\
41
ttevilk

J./Aliens Creek*

olivar

Pikeville °

Columba

Jackson

Clevelan

Dello

Holly Spis.
Tuscumbi

Guntersville

,Sardis

Haleyville

Carte vine

Tupelo
adeden

Mancheste

Cedartown

LINES
Houston
Grenada
estToit
c iiib

Gtouwo
Winona

ehead

tr.

jcv o
tesia

Tchula
Dumn

Kosei 1/zo

RT.
SOU. Annie
EWiMINGHAM
Talladega
,
ssemer

regasia
Glen
Snyder

Yaeo,s at

lo k

Vicksburg

ACKSON

'SgS
g
Laurel

liver Creek

Opelika
o Elinor
Pretty le

UN ONTOWN • ‘t
Selma
•
Payton
RY.
•
t
Tr %MARTON
ROO•
'
se(
Arlington
AMA,'
PINEHILL
AI
Yellow 1311/

: e

ratoga

Laprang

Maplec'lle

°.
LENS 050
E ERN

Newton

Newnan
Roane

Sylacauga

TUSCAL00,5
Englewbod
Grip;
Subtle
Force
fnIpp"
•a

IleeNjsl

(I)

ATL NTA

JASPE
OARMAN
Mai-lend"
Organs
Wiley

e

Richland
Eufaula

1

Go
Belle andino.
iranklid
A/ 111x0
" MeN a
JO ESVILI:

Cuthbert
Abbe 'Hie°

Ft.GaInts

Newto
a tiesburg

McComb

Vinegar
I cakeaville

Dotha

Liberty
Li n bert

MOBJ1
6
.1;

Nntallul ty

CU, FLORIDA & ALABAMA RI.
"DEEP WATER ROUTE',

•swood

PENSACOLA TERMINAL

S 000 JC.
C•otouinera
tiontalr•

Co Ingtou
Gulf

Worn

Slid 11

Belair




PE2VSACOL2,4

64

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, etc.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. xclx.
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

West St
J & D June19 1914 3% 13 L & W. 90 Co.
6
5200,000
8100
N Y
Guaranty Trust
Grecne RR (New York)-Stock
4 g J es 5 Jan 1 1924
21 1e04
400,000
1.000
off, Ch
or
13k
&
Tr
Say
III
1939
1
Greenwich & Johnsonville--lst M $500.000 g_(1.zo&r
Jan
J
5g J &
437,000
21
1909
gold
M
y-ist
NY
Co,
R
Northern
Trust
Columbia
Oro veton Lufkin &
6 g M & N 15 Nov 15 1929
600,000
1,000
Columbia Trust Co. N Y
Guantanamo & Western -1st M 8600,000 gold-Col.x 93.6 1909
5 g J & J July 1 1961
83 1911
500 &c 2,324,000
g red105Col.xo•&r•
Gulf Fla & Ala-lst 8410,000,000
fly
&
Southern
Florida
Hawkinsville
Tress office, St L, Mo
1928
15
Gulf Line-See
Sept
S15
&
hf
g
300.000
5
1,000
x
37 1908
Gulf & Sabine Ri ver-lst M 8300.000 gold
July15 1013 1% Buffalo, N Y
Q-J
100 7,000.000 See text
Metropolitan Tr Co, DI Y
Gulf & Ship Island-Stock
Feb 1 1952
J
es
J
g
5
4,984.000
&c
1,000
307
1902
fund_
N.xo•x&r•
sink
do
do
First refund and term M gold
6 g A & 0 April'15-'17
600.000
307 1911
1.000
Franklin Trust Co. N Y
Gen & ref M gold.9200,000 due yrly red 103_Mpxo•
1957
1
4 g J es 5 Jan
600,000
1.000
__ _ 1907
Metropolitan Tr Co. N I'
Gulf Term, Mobile-1st if 8700,000 g gu (text) xes•&r•
1 1939
Nov
N
es
M
g
5
2,000,000
1,000
99 1909
Gulf Texas & West-lst M 810,000.000g red 105-Mpx
5 if J & D 30 1955
.8100 NoneSep'14
1905
Halifax & Eastern-First mortgage red
30 years
See text
Farmers' L & T Co, N Y
Hampden RR-First mortgage see text
5 g J & J July 1 1934
600.000
500
38 1909
Hampshire Southern-First mtge 5700.000 g__Exo•
RR
Range
Mineral
Calumet-See
&
Hancock
Central Trust Co. N I'
Hannibal & St Joseph-See Chicago Burlington & Qui noy
8 g J & 5 Jan 1 1916
300.000
20 1895
100 &c
Harriman & Northeastern-First mortgage gold__Cez
To June 1924
151,500
semi-annually
Car trusts June 30 1914 due
'14. 4 Company's office. Philo
50 1,182,550 734 In'145 es J July 10
53 --_ _
Harrisburg Portsmouth Mt Joy & Lanc-Stock 7% go
J & J July 1 1943
4
700,000
500 &c
___ 1913
Hartford
First mortgage $700,000, extended in 1913 __Opkx
F & A 31 Aug 28 1914 1%
2
100 2.967.000
124 ____
do
Hartford & Connecticut Western-Stock
434 .7 & J July 1 1923
700.000
1,000
124 1883
z
First mortgage extended in gold In 1903
Union S B es Ti' Co. Cln
5 g A & 0 Apr 1 1952
606.000
1,000
44 1902
Ha wkinsv & Fl So-lst M $400,000 gold guar p &I-a
1937
Sept
S
SG
lil
g
5
577,500
1,000
x
32 1907
Gulf Line fly first mtge gold
of New Jersey
Henderson Bridge Co-See Louisville & Nashville RR
A & 0 Oct 10'14 1 K See Central
3
200,000
HX)
438 -_Hibernia Mine RR-Stock
June 30 '14 2% J P Morgan & Co, N Y
100 11,000,000 See text. Q-M
do
do
Hocking Valley R y-Stock
4 g A & 0 Oct 1 1948
500 &c 1,401,000
76 1867
do
Columbus & Hocking Valley first mtge gold_ _ _xo•
do
4 g F & A Aug 1 1955
1.000 2,441.000
118 1875
do
Col & Tol 1st M gold ext 1905 (V81 p 211)..-0.xo•
do
1999
1
July
J
434 g J &
346 1899 1,000 &c, 16,030.000
It
N
First consolidated mortgage $20.000,000 gold_ _Cex
Broadway,
71
6 g M & N Nov 1 1915
1.000 4,000,000
--- 1914
E9Y
One-year gold notes (V 99, p 1130)
& Tr Co. N Y
M
S
U
'17
Feb'15-Feb
A
&
F
4
•
115,000
1,000
-__ 1907
Usmx
NY
Equip notes gold Ser A due 823,000 s-a
F es A 15 To Feb 15 1917 71 Broadway.
240,000 • 4
1,000
x
1907
Ser B due $48.000 s-a
do
Co, Ch10
o
A & 0 To Apr 1 1917 Merch L & TrCo,
185,000 • 4
1,000
x
1907
Ser C due $37.000 s-a
do
N Y
do
Trust
Empire
17
Feb15-Aug'
A
&
F
150.000 • 4
1.000
x
1907
Co, N V
Ser E due $25.000 s-a
do
Trust
do
Guaranty
1918
175.000 • 4 ft F es A 15 To Feb 151923
1,000
1908
Ser I of 1908 due 525.000 s-aG.xo•
do
do
jCommercial Tr Co,Phil,
1
Aug
To
A
&
F
5
900,000
1.000
__: 1913
Ser of 1913 due $100,000 ann__x
do
do
and 71 Bway, N Y
434 F & A To Feb 1 1924 1
1,000
800,000
1914
Ser of 1914 due $80,000 ann
do
x
do
Bonds of coal companies guaranteed-See Sunday Creek Co und Cr "Indu trlals"
V. 97, p. 1,498.
REPORT.-Report for year ending June 30 1913 In
Sur.
OFFICERS.-Chairman & Pres., L. W. Hill, St. Paul: V -Ps., It chard
Net. Oth.Inc. Charges. Dividends. Sal.
Gross.
YearA. Jackson, W. P. Kenney. J. M. Gruber, St. Paul; V.-P. & Sec., E. T.
$347,403
$6,616
$529,193
_
_$1,995,766
1913-14
St.
E.
Sec.,
L.
Katzenbach
R.
&
Treas.
6
G.
Martin;
4°5
.54
Nichols, N. Y.; Comp..
8181
0$
(2%4137,00
5360,327
528,920
69.570
Paul; Asst. Sec. & Asst. Treas.. N. Terhune, N. Y. N. Y. office,* 32 1912-13_$2.114.620 $654,952
2.349 364,124 (2%) 135.000
1911-12_ 1,982,323 566,345
Nassau St.
T. Jones, Buffalo, N. Y.-(V. 97, p. 1498; V. 99, p. 1130.)
Pres.,
Directors.-J. J. Hill, L. W. Hill, W. B. Dean, R. A. Jackson L. E.
station and
Minn •
Katzenbach, R. Budd, St. Paul, Minn.; P. L. Howe,
CO., MOBILE.-Owns union passenger
TERMINAL
GULF
V.
and Mobile & Ohio
New
York.
-(V.
Nichols,
T.
97.
98
p. 1121'
*
Minneapolis*
Samuel Thorne, E.
at Mobile, Ala., leased by the Southern fly.
and severally.
jointly
1;* approaches
bonds,
386. 610,689, 763, 1071, 1537, 1920; V.99. p. 1045, 1066.)
the
guarantee
and
RR.. which own the stock
mtge. trustee.-V.84. p. 50.
GREAT SOUTHERN RR.-See page 140.
fi• 41.. by end. Franklin Trust Co.. N. Y.. Is
99
-Seymour to Salesville. Tex..
GREEN BAY & WESTERN RR.-Road owned from Green Bay, Wis.
Y.
R
WESTERN
&
31 m.,
TEXAS
GULF
to Marshland. Wis.. 209 miles, branches. 13 m.; trackage to Winona. 4 m. miles. Has trackage agreement for freight trains to Weatherford,Weatiavia
The option of Minneapolis & St. Louis interests on a majority of the stock and for passenger trains to Mineral Wells,9 in.. giving entrance Dallas
and
Pacific to
was allowed to lapse in Mar. 1913. V.95, p. 1207; V. 96. p.947.
9. western and Texas &
8rtla
11s p&. 1N
0o
6.
WMineral
. vWells
eritnher
erecordM
SECURITIES.-There are no fixed charges on the property other than Fort
shares. $100.
of
par
5250.000;
the
taxes, nor can any be placed thereon or the property be sold or leased
Stock auth., $500,000; outst'g July 1914,
have been Issued
without consent of 75% of stock. Class A debentures are entitled to 234% Of the first 5s (510.000,000 auth. Issue). 92,000,000
V.99, p.406.
p. 109: V.93,p. 44;
Year
Interest, if earned, then common stock to 234%, then the two share ratably
first 99 miles. V. 89, p. 993.1223: V.90,
$12,440.
trusts.
' Loans and bills payable June 30 1914, $731,904; car
but after 5% On both. class B Is entitled to all surplus earns. V.61,p.47).
def., $37,034:
gross. $140,612; op.Jermyn,
ScranDIVS.-(Since 1901) '02-'04. '05-'07. '08. '09. '10. '11. '12. 13. '14. ending Juno 30 1914 (130 aver. miles),
Pros., J. J.
5
5 5 5 5 5 5
int., taxes, &e., 8105,569; bal., def., $142,603. Dallas. Tex.; Sec. & Tress..
5 Y'lY
Class"A"
4 Y'lY
5
5 5 5 5 5 5
5 rly
ton, Pa.•, V.-P. & Gen. Mgr., Ben. B. Cain,V. 96, p. 1089; V.99, p• 406.)
Stook
4 Y'lY
44;
p.
W.Frank Knox. Dallas, Tex.-(V.93,
34 34 34 34 34 134 34
Class"B"
Springfield. Mass., to
EARNINGS.-12 mos., f 1913-14____Gross, $776,376; net. 5255.081
HAMPDEN RR. CORPORATION.-Owns from
autho11912-13____Gross, t757.993; net, 256,294 Bondsville. Mass., 14.82 miles; completed June 23 1913. Stock
July 1 to June 30.
but not issued.
Commis.
RIt.
Mass.
ized, 51.400.000. Bonds auth. by
year
REPORT for year ending Dec. 31 1913 in V. 98. p. 1067.
one
extended
Bal., $1.900,000. Notes, about 52,000.600 6s. have been
Div. on
Dividend
Net after Div. on
Gross
Cal.
in June 1914 voted
Surp. to July 1 1915; V. 99. p. 537. The Mass. LegislatureMaine.
Deb."B."
Taxes. Deb. "A." on Stock.
2
July
Earns.
Year.
On
&
Boston
to
lease of road
5757.737 $203,882 (5)530,000 (5)5125,000 (34)543,750 $5,132 down the bill providing forB.
1913
M. to enforce alleged "contract liability.
1920;
761,502 248.234 (5)30.000 (5)125,000 (134)87.500 5.734 1914 suit was flied against the &
1912
p.
98,
V.
road.
of
cost
approximate
amounting to 54.000.000.
DIRECTORS.-J. A.Jordan, Pres.; Edgar Palmer. V.-Pres.; Charles W. V. 99, p. 48,748.-(V. 98, p. 1920: V. 99, p. 48, 537. 748.)
Cox., Sec. & Treas.. 40 Wall St., C. Ledyard Blair, J. A. Jordan, Henry R.
an to Petros. Tenn., 20
Taylor, W. J. Wilson.-(V. 96. p. 1014; V. 98, p. 386. 912, 999, 1067.)
HARRIMAN et NORTHEASTERN RR.-HarrIm
acquired In Interest of Chao.
Forks to Greene, N.Y.. 8 miles. In Nov.1902 entire ($600,000) stock separately.
GREENE RR.-Owns road from Chenango
V.76. P. 157.
on New Orleans & Tex. Pao. Ry.. but Is operated
miles. Leased to Delaware Lack. es Western for term of charter for 6%
bonds.
1909, 2%. Year to June 30
DIVIDENDS.-In 1907. 4%: 1908, 23-4%:
stook. Stock. $200.000; par. $100. D.L. & W.owns 5200.0007%
&c., $47,taxes.
int.,
$78;
1914. gross. $106,796; net, $45,981; other income,
GREENVILLE & WESTERN RR.-See page 140.
$114,305; net, $54.318; charges,
N.Y.; 732; bal.. sur.. $287. In 1912-13, gross.
Schuyierville.
from
-Owns
Y.
R
LE
L
VI
JOHNSON
&
GREENWICH
owned by Del. & Hud- $44,432.-(V. 76. p. 212.)
to Johnsonville, N. Y., 21 m. Stock. 5225,000, allFor
JOY & LANCASTER RR.
year ending June 30
HARRISBURG PORTSMOUTH MT.34.48
son Co. V.90, p. 790. Bonds, see table above.
miles; Columbia Branch to
bal., sur., $17,115. Owns
$44,434;
charges,
561,549;
net,
Harrisburg, Pa., to Dilierville Jct..
1914. gross. $119,989;
Pennsylvania
to
C.
I.
Leased
Pres..
$71,790.
miles.
52.57
net,
total,
$135.697;
Columbia Station. 18.09 in.;
For year ending June 30 1913, gross,
bonds and 7%
RR. for 999 years from Jan. 1 1861. rental covering int, on
Blandy, Greenwich, N. Y.-(V. 86, p. 1224.)
on stock. V. 98, p. 453, 523.
GIROVETON LUFKIN & NORTHERN IM-See page 140.
Boqueron at Granadillo
HARTFORD & CONNECTICUT WESTERN Rif.-Hartford. Conn., to
GUANTANAMO & WESTERN RR.-Owns from
La Maya to San Luis, with RhInecliff, N. Y.. 110 miles, and branch, 14 miles. Leased till Aug. 1940
Bay on south coast of Cuba, via San Justo and 81.26
Incorporated
miles.
mileage.
total
mills:
to Central New England fly. (now controlled by New York New Haven &
branches to various sugar
March 1 1910 per plan V.88, Hartford RR.),the rental paying charges and 2% on stock.-(V.83.p.1290.)
in Maine. A reorganization after foreclosure
1725.
p.
93,
V.
syndicate.
by
Controlled
p. 294.
1st pref.7% non-cum..
HAW KINSVI LIE & FLORIDA SOUTHERN R Y.-Worth to HawkinsStock authorized and issued,common.82,750.000;par
of all shares, $100 vine, Ga. 44 miles; Ashburn to Camilla, 52 miles; trackage over Georgia
$2,750,000, and 2d pref. 5% non-cum., $50,000;
6% redeemable Sou. & Fla.. Worth to Ashburn, 4 miles; total, 100 miles. This includes
-year
2
$155,000;
July
1914,
notes
trust
each. Equipment
the Gulf Line Ry., purchased in Aug. 1913. V. 97, p. 175, 365. Stock,
notes, 5395,000; bills payable, $25,500.30 1913. in V.97, p. 1500. In 1913- $100,000, acquired in April 1904 by Georgia Southern &Florida. which
EARNINGS.-For year ending June outside operations, $27,177; int., guarantees bonds (see table above), prin. & int. V. 97, p. 175, 365. For
profit
1-4, gross, $465,222; net, $148,653;
redeemable notes, $35.- year ending June 30 1914, gross, 5172,018: net after taxes. $23,792. Pres..
taxes, &c., $76,401: amortization of disct. 2-year
J. B. Munson; Treas.. W.P. Hopper, Macon, Ga.-(V. 97,p. 175, 365.)
069; bal., sur., $64,360.
H. Lewis, Pres.; Robert
M.
Chairman:
HIBERNIA MINE RR.-Owns Rockaway to Hibernia Mines. N. J..
OFFICERS.-G. St. L. Abbott,
Treas. N. Y. office, 82 Beaver 434 m.. leased to Cent. of N. J. to Oct. 1930 at 56.000 yiy.-(V.91.p.1766.)
L. Dean, Sec.; 0. St. L. Abbott, V.-P. andV.
1130.)
p.
99,
1800:
950.
p.
97,
HOCKING VALLEY R Y.-The company's main line extends from
St.-(V. 95, p. 1470; V.
V.99, p. 342.
Rockwell to Columbus. 119.8 miles; Columbus to Athens. 75.8 m.•, OldGUAYAQUIL EC QUITO RY.--See issue of Apr. 1911.
to Pomeroy. 80.8 m.; total main line. 275.8 miles, with trackage
town
Map.)-Pensacola, Fla..
RR. system) Toledo to Walbridge, 5.5 m.; (L. S. & M. S. By).
GULF FLORIDA 6: ALABAMA RY.-(See
to Owen, 15 m.; sidings, 10 m.; (Penn.
to Rockwell, 2.5 in.; (P. C. C.& St. L.fly.) Columbus. 0., .5 m.:
to Broughton. Ala., 90 m.: Gateswood Jct.
Toledo
Broughton.
construction
Goulding branch. 234 m.; total. 11734 m. UnderV.
and trackage. 284.3 miles. Branches, 45.4 m.: leases W.&
main
total
95. p. 1541; V. 97. la• J. B. Ity., line
Dundas to Jackson and branches, 19.4 na: Pomeroy Belt By..
Ala., to Pine Hill. 45 m.: piers, &c., Pensacola;
a direct line, Pensacola. Fla., Pomeroy.
m.: total. 351.5 miles; second track, 55.7 miles. Owns
2.4
1203. Extensions projected so as to completeAla.,
0.,
with
a total of265 miles,
interest in Toledo Terminal RR. V. 99, p. 1210.
to the coal and mineral territory of Northern
95, p. 419; V. 97. p. 49, 950. part
33 miles of branches. V. 93. p. 1259. 163: V.
&o.
Feb. 25 1899. per plan V. 68. p. 231, of
-Successor
8100.
par,
corn,HISTORY,
pf.: 56.000,000
Autn. stk., 81.500,000 5% non-cum.auth.
lands aggreIssue) 87.500,000 are issuable Columbus Hocking Valley & Toledo fly, foreclosed. The coal mortgage.
BONDS.-Of the 1st 5s ($10,000.000
for
are
covered by the consolidated
and
acres,
20.975
8500.000
about
mile;
per
gate
820.000
for main line and terminals, at not overfor bridges over Alabama and
DIVS.-'01.'02-'06. '07. '08-'10. '11. '12. 1913 2. 1914
terminals. &a., in Pensacola: 8500,000
2. 0.12
work In Alabama. The re- Per cent
134 3 yrly. 334 4 yriy. 7 734
Warrior rivers and 8500,000 for extra heavy
Jan. 1910.
s or additions at 90% of cost.
On June 28 1911 paid 434% extra to make an avg. of 7% from
maining bonds are reserved for improvement
been sold. Sept.
none.
have
1914
Sept.
In
52,324.000
1423.
p.
96,
bonds,
V.
2%.
the
31.
Dec.
Of
2%;
30,
419.
p.
V 93, p. 163; V. 95,
ending June 30 1914, gross, $138.STOCK.-The pref. stock was paid off at par in 1910. V. 90, p. 976.
V. 95, p. 1541; V. 98. p. 610. For year
Y•:
Roy C. Megargel. 35 Pine St., N.
1614: V.91, p. 154: V.92. p. 1032. 1701; V.93,p. 1022.
143; net after taxes, $65,729. Pres.,
35 Pine St., N. Y.; V.-P. & Gen. 1239. 1296. 1363.
Erwin,
B.
F.
& Ohio fly. owns $8,825,800 stock.
Sec.. C. W.Byrom: Treas.,
Chesapeake
-(V498,
13.610)
Fla.
Pensacola,
Mgr.,G. A. Berry,Pensacola,Fla. Office,
BONDS.-The consols (520.000,000 authorized), besides a lien on the
issue Feb. 1914.
GULF & SABINE RIVER RR.-See
entire property, subject only to $3,842.000 prior bonds, have a first lien on
Mississippi
Sound,
on
Gulfport,
consols are reserved to retire the existing bonds
GULF & SHIP ISLAND RR.-Owns from Maxie to Mendenhall, 104.75 all the coal lands; 53,842,000
V. 74, p. 1038:
(the latter may be extended at maturity). V. 72, p. 338:
Gulf of Mexico, to Jackson. Miss.. 160.5 m.*307
miles.
all of the bonds and stock of the Ohio Land
total.
Substantially
229.
86, p.
in.: Saratoga to Laurel. 41.75 miles:
4%; 1912 V.
& fly. Co. and the Wellston & Jackson Belt By., 18 miles, are deposited
DIVIDENDS.-April 1903 to July 1910. 4% yearly; 1911.
said mortgage. V. 68. p. 823. In June 1908 control of Sunday
and 1913, 2%•
54.964.000 are out- under
BONDS -Of the first 5s (5,000.000 authorized).a like amount of old Creek Co.. which operates coal properties (see "Industrials"), was sold In
to retire
stockholders of Hocking Valley. As to Kanawha & Hocking Coal
for
trust
standing. remaining 516.000 being reserved
bonds were in the sinking & Coke Co. and Continental Coal Co., see Sunday Creek Co. V. 87, 13•
bonds still outstanding. In July 1914 8657.000
and application to list. V. 74, 815: V. 88, p. 1135; V. 91, p. 1235. The $4,000,000 6% one-year notes
fund (bonds not callable). See V. 74. p. 426,
of 1911 ($1,000,000 au- dated Nov. 1 1914 were used to retire the maturing 5s, V. 99, p. 1214.1130.
p. 1257; V. 81. p. 264. Of the gen. & ref. serial 6s
6s due April 1911
thorized Issue). $500,000 were sold to retire the $500,000
EARNINGS.-For 2 months ending Aug. 31:
$200,000 were paid in
and 3500,000 for construction of Columbia branch;
Charges. Sal.,Sur.
Other Inc.
Net.
Gross.
460.
p.
92.
V.
April 1913 and 1914.
31,162,450 5395,895 def.$39,792 3240,688 $115,235
$106,274
net.
A45;
19214Months$300
Gross,
EARNINGS.-2 mos., J 1914
270.703
55,035
573.742
1 ,514,688
358,074
Gross, 366,788; net, 154,329 1913
11913
July 1 to Aug. 31.




4



4.•

if_à

7

N

vQOts I

tjIIL,;)rrigkilatil`

-

1.1

,
,

•

e.k
7g.L
•

77

CDC-

4f-

C.

1—)LRU.11114118
1
1111110011
f,„n
iillunilfinfInh

›m m
•
F AzT

>•<gz;
▪ 9<
a-10Rn
z,c,e

"04-0-4
m>>mm
x-Ino
ox g
F-. a3r1
-cn
rn ms

IIIt
In !III'Iiitiiii'c.•
r

—

RAILWAY STOCKS AND BONDS

NEW

AO,

in0D

ea

117
2Vi
ii$

-AV
114Gt.
rgtArt,.

31- iai

snail
30flD.e

Goo

OCT., 1914.j

65

66

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Role
%

When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable

Hollidaysburg Bedford & Cumberland RR-See P enns yl van! R R
Hoosac Tunnel & Wilming-let M 5250.000 g ----0Bz
25 1892
5 g 2,1
5230.000
$1.000
Hous Belt & Ter-1st M $5.000,000g red 105 textCexo*
1,000 4.771,000
--- 1907
5g J
Hous & Brazos Valley-lst M (trus Mere Tr Co. St L)
20 1907
J
6
420,000
100
Texas
-let
M
E
&
W
gu
p
lot
Hous
by So Pac_Un.zo•
1.000 2,514.000
191 1893
5g M
First mtge 53.000,000 gold not guaranteed
z
191 1893
1.000
5 g If
486,000
Boos & Tex C RR-1st Ml gr g red 110 lot gu Ce.zo*&r
453 1890
1.000 1.631,000
bg J
General mortgage gold interest guar end _M p.m* &r
453 1890
1.000 4,161.000
4g A
Waco & NW Div 1st Mg ;25.000 p m___Ce.zo•der
58 1900
6 g It
1.000 1,105,000
Austin & N W (merged) 1st M g gu p &.Mp.zo•dor
103 1891
5g J
1.000 1.920.000
Ft Worth de New Orleans let M(Wax to Ft W)__ -z
41 1895
1 000
J
6
709,000
Cut-off 1st Di $3,000,000 auth (V 94, p 131)
94 1910
J
6
1,000 2,383,000
Hudson Companies-Common stock $5,000,000
100
5,000,000
Pref 7% cum and partic see text516.000.000
100 16.000,000
Secured notes
x
1.500.000
6
Hudson & Manhattan (Hudson River Tubes)
New York & Jersey first mortgage red 110_0.xo•
--- 1902
1,000 5.000.000
5g F
First mortgage convertible
0.xe&r
--- 1907 $, i or fr
4)6 g F
944,000
First lien & ref M $65.000,000 g red 105.Ce xc*&r*
--- 1913
100 &c 36,717.000
5 g IF
Adjust Inc M $33,574.000 red par eu beg'20 Oac*&r_
_-- 1913
500 &c 33.102,000 Up to 5-A
Real estate mortgages
1.207.500
Car trusts $46,000 due semi-ann (V 88, p 624)_ _Gz
--- 1909
1.000
It
5
414,000
Car trusts ser B g due $25.000 s-a(V91,p 1253)Oz.o•
--- 1910
1.000
5g A
300.000
Car trust see 0 due $21,000 s-a (V 92, p 1025)--Gz
__
1,000
1911
5g F
294,000
Huntingdon & Broad Top-Common stook
70 ___50 1,371.750 See text.J
Preferred stock 7% non-cumulative
50 2,000,000 See texti.T
70 ___First id extended In 1890 (int only in gold)_ __GPx
70 1854
500
416,000
4g A
Second Mold 7s extended In 1895 p & I gold_ _ _UPx
70 1857
500
4g F
367,500
Third M consol extended in gold in 1895-013.xo•
70 1865
1,000 1.497.000
5g A
Car trusts gold due 533000 yearly(V 84,p 1424)-x
___ 1907
1.000
236.000
434 g A
Iberia & Vermillion-First mtge gold
z
1.000
16 1893
322.000
bg F
Idaho & Wash Nor-First M gold red text
ICx
1,000 3,390.000
113 1907
5 g If
Five-year convert notes red text
___ 1910
0.xo•
1.000 1,200,000
1
6
Four-year coupon notes $800,000
G.xc*&r
1912
729.000
M
6
Idaho Southern-1st lien notes part due y'ly red 10234
___ 1909
1,000
M
6
450,000

ANNUAL REPORT.-Traffic Is mostly freight, and over 70% orthis is
bituminous coal. Average revenue train-load Is large-In 1914, 1,000 tons.
Report for year ending June 30 1914 In V. 99, p. 1210
1913-14.
1912-13.
Year ending June 301911-12.
$7,021,145 $7,817,644 $7,303,679
Operating revenue
2,217,398
Net
2,833,801
2,724,637
Other income
448,920
772,478
694,156
Gross corporate income
Fixed charges, &c
Dividends on common

$2.666,318 $3,606,279 $3,418,793
$1.710,577 $1,689,875 $1,587,957
(8)879,960(11)4)1.264.943 (7)770,000

Balance, surplus
$75,781
$651,461 $1,060,836
OFFICERS.-Chairman of Board. Frank Trumbull; Pres., Geo. W•
Stevens, Richmond, Va.; Sec., Carl Remington; Treas., Jas. Steuart
MacKie, New York.
DIRECTORS.-Frank Trumbull (Chairman); F. H. Davis, F. A.
Vanderlip and H. E. Huntington, N. Y.; Geo. W. Stevens and Decatur
Axtell, Richmond, Va.; J. B.Zerbe and James H. Hoyt, Cleveland; P. W.
Huntington. S. P. Bush. R. S. Warner, Columbus, O.; Clarence Brown.
F. J. Reynolds, Toledo, O.-(V. 99, p. 1052. 1120, 1130, 1210. 1214.)
HOOSAC TUNNEL is WILMINGTON RR.-Hoosac Tunnel, Mass.'
to Wilmington. Vt., 25 miles. Made standard-gauge in 1912. V. 95, P'
1541. Stock. $250,000: par. $100. Divs.: In 1903, 2%; year 1905-06.
3%; 1910-11 and 1911-12. 10%; 1912-13 and 1913-14, none. Earnings for
1913-14, gross, $100,635; net, $704; int. on bonds, $11,550; bal., def..
$14,509. Pres., John P. Kellas, Malone, N. Y.---(V. 95, p. 1541.)
HOUSTON BELT & TERMINAL RY.-Owns a terminal line in and
around Houston. Tex.. 20 mlies. with large freight and passenger terminals. Controlled by four proprietary roads, viz., Beaumont Sour Lake
& Western By., Gulf Colo. & Santa Fe (Atchison System), St. Louis
Brownsville & Mexico Ry. and Trinity & Brazos Valley By.. which each
own 25% of the $25,000 stock and, under the terms of an agreement dated
July 1 1907. agree to pay, under a pro rata wheelage basis, operating expenses, and, on a one-fourth basis, int. on bonds and annual sink, fund of
1% of bonds issued. The Terminal Co. has leased from Gulf Colo. &
Santa Fe By. for 99 years from July 1 1907 all of its property in Houston,
Tex., and the Terminal Co. has agreed to pay monthly rental and maintain
the property.-(V. 96, p. 652; V. 97, p. 1286.)
HOUSTON Er BRAZOS VALLEY RR.-Owns Anchor via Velasco.
Tex., to Freeport and Lighthouse. 23.6 m.; trackage over Intern. & Great
Nor. for 5 years from Nov. 10 1912 from Anchor to Houston, Tex.. 40 m.
The Missouri Kansas & Texas in April acquired a half interest in the stock,
B. F. Yoakum and associates being Interested also. V. 96, p. 1021. 1089.
Stock auth., $120,000; out,$24,000. Of the 3420.000 bonds, one-half are
guar. by the M.K.& T.,prin. and int., which has purchased $92,000 additional. V. 97, p. 1590. For year 1911-13. gross, $50,901; open def.,
$7.113: charges, $20.695. Pres., Chas. E. Schaff.-(V. 96. p. 1089.)
HOUSTON EAST & WEST TEXAS R Y.-(See Map ofSouthern Pacific.Owns from Houston, Tex., to Sabine River at Logansport, 191 miles.
Stock $1,920,000, of which $1,919.100 owned by So. Pac. Co., which has
guaranteed $2.513,000 of the bonds, prin. and Int., by endorsement, reserving the right to call them at 105 & int. V. 70, p.841; V. 71, p.236.
Div., 16% paid in 1902-03, 30% in 1907-08, 10% in 1909-10, 11% in
1911-12 and 4% in 1912-13, out of accumulated surplus. Year 1913-14.
gross, $1,443,372; net. $381,676. In 1912-13, gross, $1,403.270: net,
$343,839; other inc.. $11,943: charges. $325,072; bal., sur.. $29,710.(V. 78, p. 2384.)
HOUSTON dc TEXAS CENTRAL RAILROAD.-(See Map of Southern
Pactfic.)-Owns from Houston, Tex., to Denison. Tex., 338 miles; Hempstead, Tex.. to Llano, Tex., via Austin, 215 miles: Bremond to Ross, Tex.,
55 m.: Garrett to Ft. Worth, 53 m.; Mexia to Nelleva, 94 m.: other, 34 m.;
total. June 30 1913. 789 miles. The Hearne & Brazos Valley RR., Hearne
to Stone City. Tex., 19 m., with branches, 2 m., was taken over by deed
Aug. 1914. V. 99, p. 608. Cut-off, Giddings to Stone City, 50 in., completed May 1913, whence has trackage rights over San Ant. & Aran. Pass
from Giddings to Flatonia,38 m..and the Galveston Houston & San Antonio from Flatonia to San Antonio. about 90 miles. Has also arranged
for the use of the Bryan & Central Texas Interurban By. from Bryan to
a point near Wilcox, about 32 m., of which 11 miles completed Oct. 1913.
V. 97. p. 1203. Successor 1893 to railway foreclosed. V. 45. p. 792,820.
STOCK.-Stock. 510.000,000. of which the Southern Pacific Co. owned
$9,998,400, par $100. V. 76, p. 1084. 1192. 1407. In 1902-03 6% was
paid out of accum.surp.; in 1910-11,20%; 1912-13.13%. V. 76. P. 1407.
BONDS.-The bonds are being gradually reduced with proceeds of land
Bonds may be called
sales. The first mortgage was for 58.634.000.
at 110 and int. with proceeds of land sales. See abstract of mortgage in
V. 52. p. 242. Of the 55,068.000 consolidated 6s authorized, $1,149,000
as part security for the general 4s. South(on which no int. is paid) are held
en Pacific Co. owns $450,000 Lampasas extension interim 55.
LANDS.-The lands June 30 1913 held for cancellation of bonds condoted of 6,706 acres; land contracts. $334,267. V. 65, p. 869.
Year 1913-14. gross, $6,551,983; net. 5992,657. In 1912-13. gross,
$6,849,653: net. $1,334,337; other income, $86.125; charges, $1,397,388:
bal., sur., $23,074.-(V. 97. p. 1203; V. 99,P. 608.)
HUDSON COMPANIES.-Incorp. Jan. 9 1905 In New York. Holding
company for Hudson & Manhattan RR.Co.(see below). Controls Greeley
Square Realty Co., whose building at 33c1 St. and Wway,N. Y. is leased
to Gimbel Bros. V. 90.0. 1614, 234; V. 91. p. 1773: V.88,P. 748, 1127:
96. p. 197; V. 98, p. 73. The 6% notes due Aug. 1 1918 are secured
by
V.$1.000,000 Hudson & Manhattan RR.com.and 51.000.000 pref. stock,
000 shares Greeley Square Realty Co. and 324.500 1st ref. M. bonds.
10,
V.
P. 233. Other obligations nearly all paid.
REPORT.-Report for cal. year 1913. V. 98. p. 233. W. O. Oakman.
Pros.; Wm. Henry Barnum, V.-P. is Treas.: Wm. Everdell, Sec. Office,
62 Cedar St., N. Y.-(V.98, P. 73, 233, 235.)




&
&
&
&
&
80
&
de
&
&
&

S Sept 1 1922
JJuly 1 1937
J July 1 1937
N May 1 1933
N May 1 1933
1 July 1 1937
()Apr 1 1921
N May 1 1930
JJuly 1 1941
D Deo 1 1925
D June 1 1940

165 Broadway. New York
do
do
165 Broadway, NewYork
do
do
do
do
do
do
do
do
do
do

Aug 1 1918

HarveY Fisk & Sons.N Y

&
&
&
&

Guaranty Trust Co. N Y
A Feb 1 1932
H.Fisk & Sons,N Y&Lon
A Feb 1 1957
H Fisk & Sons, N Y& Lon
AFFeb 1 1957
1% paid Oct 1 1914
OFeb 1 1957
Harvey Fisk & Sons, N Y
I
do
do
S Mch'15-Mch'19
do
do
0 Apr '15-Oct '20
do
do
A Feb '15-Aug '21
J,Jan 28 1904 1% Nitta office,No Am Bldg
do
do
J Jan 25 1008 335
do
do
01Sept 30 1920
A Feb 1 1925
do
do
0 Mch 31 1925
do
do
0 To Oct 1 1921 PhIla Tr S D & Ins Co
A Aug 1 1943
SoPacCo 165 B'way N Y
N May 1 1932
III Tr & Say Bk, Chicago
13 Dec 1 1915
Guaranty Tr Co. N Y
NMay 1 1916
do
do
N May 1 1914
In default

&
&
is
&
&
&
&
&
&
&
&
&
&
is

Old Colony Tr Co. Boston
Central Trust Co, N Y

HUDSON is MANHATTAN RR.-(See Map.)-Owns and operates
double-tube electric tunnels opened in 1908 from Sixth Ave. and nd St..
N. Y. City, under the Hudson River to the D. L. is W. RR. station.
Hoboken. N.J.. and thence southwardly through the Erie and Pennsylvania
RR, stations in Jersey City and under the Hudson River to the Hudson
Terminal Buildings on Church St.(one block west of Broadway), extending
from Cortlandt to Fulton St. Total double-track tunnel in operation,
7.91
miles. Also affords through service between Newark and N. Y. City.
using Penn. RR.tracks from Jersey City to Newark. V. 90. p. 635. 1041:
V. 93, p. 871, 1259, 1462: V. 94, p. 1246. The P. S. Commission In June
1914 extended the time for beginning the proposed line from 33d St. to
Grand Central Station to Dec.1 1914. V.98,p.999.1156, 1993. Owns the
extensive Hudson Term. Bidgs. Fares, see V. 93. p. 1462; V. 94. p. 1507.
STOCK AND BONDS.-Under the readjustment of Jan. 14 1913 (without foreclosure) (V. 96. p. 208) fixed charges were reduced from $3,021,660
to 51,851.750. The plan was assented to in 1913 by about 98%% of the
434% bonds and 9534% of stock. Application to list, giving description
of new securities, &c.. V. 98. P. 393-8.
First Mortgage Dated Feb. 1 1913, Due 1957. $65,000,000 Authorized.
Now issuable,5% callable on any int. date at 105
536.563.000
Reserved (interest rate not to exceed 5%)for(1) Retirement of N. Y. is Jersey RR. 1st 5s, 1932, callable
110 ($5.000.000). 5944.000 1st M. 436s, due 1947, car
trusts due Sept. 1 1913 to Aug. 1 1921 (51,263.000) and
real estate mortgages (51,207.500), not over
9,536,000
(2) Additions, betterments and equipment; also for extensions freefrom prior encumbrances,provided he annual net
income of the company is 136 times the interest upon the
new 1st M. bonds, incl. those then about to be issued. say_ 12.901,000
(3) For extension to Grand Central Railroad Station on conditions stated in (2). not over
6.000.000
Adjustment Income fortgage Bonds, Due Feb. 1957.
Interest payable out of surplus income as ascertained by the
board, and cum.from Jan. 11920. as stated in V. 96. p. 209.
Total issued in part exchange for first mtge. bonds
33,102,000
Reserved for exchange for remaining 1st M. bonds
472,000
Capital Stock-Preferred 5% non-cumulative
5,242.151
The deposited stock is to be held for 5 years in a voting trust and
so long as the adjustment bonds shall not have received full 5% Int. for the
preceding year, the holders shall have the right to nominate or approve
trustees: CarlgnciAdm.pote
tto:reless an a majority
rburgind
board.
M.
xbeti.ggin N. Y.
/
"The car and power equipment will care for a traffic 20% greater than
the present (1913), which traffic is only about 40% of the total capacity
of the existing lines." Five important reasons are given by experts for
believing that there should be an increase in the earnings, both gross and
net. In excess of normal N. Y. City increase of 6% per ann.
In July 1914 was authorized to issue 5154.000 1st M. 5s and in Sept.
$202,500, making $36,919,500 outstanding. V. 99.p. 196,406.
INCOME INTEREST.-Interest on income bonds, 5-6 of 1% for 5 mos.
(rate 2% yearly) paid Oct. 11913; 1914. April. 1%;Oct.,1%. V.99,p.674.
EARNINGS.-For 2 mos. ending Aug. 31 1914, gross, $863,480, agst.
$843,330 in 1913: net, $422,076, agst. $403,915; bond int., $353,433; bal.
available for adjustment int., $68,643.
REPORT.-Report for 11 mos. ending Dec. 31 1913 at length, with balance sheet, in V. 98. p. 1067, showed: Gross (RR.). 53,433,333; net, after
taxes, $1,830,689; net income Hudson Term. Bldgs.&c., $860,178; nonoper. Income. $31,666; deductions prior to bond int.,'$245,078: fixed bond
int., $1,857,678; income bonds int.. 2% Y'1Y. $607,091; bal., sue.. $12,685.
OFFICERS.-Pres., Wilbur C. Fisk; V.-P., R. W. Moles;Moles;Sec.& Treas..
J. S. O'Neale; Comp., F. H. Sillick. N. Y. office, 30 Church St.-(V.98.
p. 1156, 1767, 1993; V. 99, p. 196, 406, 674, 816.)
HUNTINGDON is BROAD TOP MT. RR. is COAL CO.-Owns from
Huntinadon. Pa., to Mount Dallas, Pa.. 44 miles; branches. (to.. 28 miles.
DEPOSIT OF STOCK.-Over ±,1 of stock has been deposited with 5
trustees (Drexel is Co.. Phila., depositary) under agreement providing for
sale on or before April 1 1918 ofsame,which shall not be less than a majority
of the outstanding stock (the pref. at not less than $50 and the corn. at not
less than $25 per share.) V. 96. p. 420. 1021. 1297. 1488.
DIVS. '98. '99. '00. '01. '02. '03. '04. '05. '06. '07. '08. '09-'13. 1914
0
Common 0 0 0 0 0 5
0
1
0 0 0 0
0
0
Preferred 5 534 7 5 6 7 6 5 34 7 3-4 7 3 34
ANNUAL REPORT.-Report for 1913 was In V. 98. p. 1683.
Bal., Surp
Net.
Interest.
Cross.
$96.470
$106.190
1913
5664,180
$202,660
69,941
176,131
106.190
1912
642.921
113,899
538,731
106,190
7.709
1911
Pres. is Gen. Mgr., Carl M. Gage.-(V.68. p. 453, 1683.)
HUNTINGTON RICHMOND is HAMILTON.-See page 140.
IBERIA is VERMILION RR.-Salt Mine Juno. to Abbeville, La.. 16
miles. Stock. 3300.000, of which $299,500 owned by Morgan's Louisiana
is Texas RR.& SS. Co.(So. Pac.). Year 1912-13, gross. $69.402; net.$17.864; other income, $2,810; charges, $27,081: bal., def.. 56,417.
IDAHO SOUTHERN RR.-See page 140.
IDAHO is WASHINGTON NORTHERN RR.-Owns McGuires, Ida..
to Metaline Falls, Wash.. 105.15 miles; Coleman, Ida., to Clagstone, Ida.,
6.15 m.: total 111.30 miles; operates under agreement McGuire.% Ida.,
to Spokane, Wash. (C. M. is St. P. Ry.), 18.39 m.; totai oper., 129.69 m.
Controls Pend d'Oreille River Nay. Co. Stock auth., 55,000,000; outstanding, S3,172,100.
Chic. Milw. is St. Paul Ry.in Jan. 1914 acquired about 83% of the stock
and all of the bonds and notes except 560,000 1st M. bonds in exchange for
its 4% bonds. V. 99, p. 833; V. 98, p. 386; V. 89, p. 411: V. 91. p. 1710.
The cony.6% notes may be called Dec. 1 1914 at 103. V.92. p. 118. Car
trusts June 30 1914. $10,304; loans and bills payable, $256,494.
EARNINGS.-For year ending June 30 1914, gross, 5491,700:Met.
$130,504; other income, $30,055; int., taxes, &c., $356,530;
bal., def..
$195,971.-(V. 98, 13•• 386.)

RAILWAY STOCKS AND BONDS

OCT.. 1914.J

67

Eau Claire

eras C ty
Stevens Po

Walton

Istee

App ot n
Winon

Manka

Tracy

Oshkosh
aa Liege
Big Rap
du
. ac
Fon
or
. di
eg
411 '
P
s„,;
4ter
rand

DUBU

apids

E

Correction

Coggon
fev'itt
.

m th •

sten

DIxon

City

Ken,s1 gtd.

S MO!

cab

g

„ EE JC.
RjJiELPao
IA •

u ,nell

XI kavIl

8

Locy,fis
a-rk
' to. E

HAVA

Qui
PRIN
Corner

Arcola

Han i al
LOuisla

lion

I•••
Pan

INCIN

gams*
°ALIA-

ea.
N Vcrno

rose
.erl on

b•
gissouri

PAc.

R.

-CaPat ka

Kin

Olney

undy

.?•Sandirivlal
din

Flora

C:SN TR
Ashie

I

•
Tamaroa
tr;pe

Nevad

6

'Lamar

Salem
NOSS
&RANG
entral
Norto villa

tr
pringfield
WiDow Spra.
4

emphit Jb.

Monett
R

Chadwick

a

II

FULTON
TR

yes

Eureka Spring
yens

Martha

rg
.
lana.

GUTHRI:E

JACKSON

N

1134lle

ASHV
ST.
C lumbla

Sparta

"rel
lhark n

ullahoma
Bald Knob

kl hom

m101'1'4'1
'
4
*,

Bolivar

Conway

ttan

•---

a

lorence

•

•

olly SprIn
terford
Ab e4110
Oxford N.

LITTLE ROCK
'
kw
HotSprings

eSsOnt

Li cutup

-

11:T11
dt:burg
rvuldard •
5. ALCVVILLEtt.Att/tIla

Pine Bluff

4r
t

Gurdmi Ar ans
aa
ws pan
4,.4.11ope C

d

Hum-7.11g
WILCZINIS
GreenvIl
LEL

Ilie
tsburg

roe

kron Jc

alias
V.

8,

NAM!,
GLEN ALLs it
RIVERSIDE

S
.

R. Selma

•

JAC

KSBU
Corsicana
All

acksonville

Port GI
Pales no
1-*

HARRIS
NATCH
DR
DVI

Trinity

Cr116
Sprs
st
eaureg
0.

ilasleBu

*TanFlp Ilo
ts
AmIle
Howl O0 V

9

DIN erne.

Brookhaven
Begun Chum
Summit \
McComb Cl
Magnolia

at

9.

110

empat

umbla




ILLINOIS CENTRAL

68

RAILROAD COMPANIES
[For abbreviations. &C.. see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

__
$100 3109296000 5 in 1914 IS &
Illinois Central-Stock 1123.552,000
.7 &
4
___ ____
10,000.000
Leased line 4% stock guaranteed (see remarks)___z
4g A &
£200 2,500.000
1875
First mtge ofl Sterling bonds old 6s extin 1895_ zl
J &
g
190&zI
in
1.000.000
334
extended
I
bonds
Sterling
1875
4200
I
1 87 4 for
4 g .1 &
1.000 1.500.000
706 1886
115.000.0004s of 1886 due 1951 gold_ __zo• der
3 14 g J &
I 1886
1.000 2.499.000
secures a I I 3 Ms of 1886 due 1951 gold_ _zc•ekr I
I 1895
3g M &
.6200 £500,000
equally _Us 3s of 1895 due 1951 gold......zc'&rI
3 34g A &
L 1903 1.000 6cc 3.000.000
(V 83, p76)J 3 TO of 1903 due 1951 gold..zo&rJ
___ 1886
6200 5.266.000
334 g J &
Trust bonds Ester'. (sec by Ch St L & NO cons) _Us.z
334 frJ &
1.000 2.000.000
111 1898
First M Sp Div ref M (V 66, p 1237) gold_-Us•Yo•&r
F &
5
968,000
1,000
131 1881
Bank & S W let M Otto to Normal Juno & br_ __sr
4g J &
___ 1892
1.000 3.000.000
Cairo Bridge bonds gold (see remarks)-_Us.zo•&r
314 g J &
500 &c 8,377.000
St Louis Div & Term M ;10.000,000gold -Us.yrs•da 1 239 11897
i.000l 4.998.000
11897
15.000,000 (see V 65, P 1173) g-Us•Ye•&r 1
3g J &
do
6g J &
470.000
17 1883
1,000
Underlying St LI Belleville & Carondelet 1st M-zo•
4g M &
3f 1886
538.000
1.000
Div & Terml- St Louis Southern 1st Mg-Ba.z o•
171 1887
4 g AI &
1.000k
241.000
nal mortgage_ Carb & Shaw 1st M gold___zcs
748 1904 1.000 &c 12.000.000
314 g.3 &
Purchased lines 1st M $20,000.000 gold__ Us.mr•&r
4g M &
Ref M (Nor Lines) $120,000,000 g red__43.xc5&r• 2,187 1908 1.000 &c 37.740,000
Us.zo•eor
4g A &
500 &c 15.000.000
Collateral trust bonds gold $
857 1888
Cell trust 125,000.000 gold on L N 0 & T_ Us.zc•dor
4g M &
798 1892
500 &c 25.000,000
4g F &
Us.zo•dor
1.000 5.425.000
218 1895
Western lines first mortgage gold
Oh St L & NO cons M ($18,000,000) g lot gu_xo•&r
5g J &D
1.000 a16.635.000
567 1881
x
guaranteed principal and interest
1.000 1.359,000
567 1897
do
334 g J & D
Joint let & ref M (Southern lines) $120,000,0005g J &
500 &c 15.000.000
Series A callable 110 after Dec 1 1918._ F.y.c*r• 1,512 1913
5g J &
1,512 1913 6100 &c 61,000,000
Series 13 callable at 110 after Dec 1 1918
4g J &
100 1889
Memphis Div 1st ld gold guar p & I (end)-Us.zo•
1.000 $3.500,000
500 &c 23.888,000
Us.yo•Icr
640 1897
334 ¢ J &
Loulsv D & TM $25.000.000 g
F &
Us.xo•dor
130 1900 1.000 &c 5.000,000
3g
Omaha Div 1st II g $5.000.000
3 g .1 &
98 1900
1.000 3,235,000
F.xo•
Utah Div lst M g $4,000,000
4g
All owned
-- _ 1908
1st lien eqM$30,000,000(less$9.515,000canceled) Us.x
434 g F &
6.800,000
Equip eq certs g ear A $400,000 s-a red text _._ -_x
-__ 1913
do
do g ser 13 due $175,000 s-a (V 97,p 299) x
___ 1913
1.000 3.150.000
5 ft F &
Tows Falls & Sioux City-See statement of Dubuq ue & Sioux City.
5g J &
FC.xo•
Illinois Southern-let M gold 13,000.000
1.000 1.734.000
136 1911
IC.xc•
Income bonds 11.380,000 authorized
1.000 1,380,000
-a Includes 15.266.000 consol Sc pledged to secure Illinois Centr al collateral trust bo nds of 18 86.

1

ILLINOIS CENTRAL RR.-(See Map.)-ROAD.-Operates from Chicago. Ill., southerly to New Orleans. La.. 912 miles. and westerly to Sioux
City, Ia.. 509 miles, with numerous branches, viz. (which see):
Miles. Leased-Control ownedRoad owned in feeMiles
Chicago St. L. & N. 0. RR..
Chicago to Cairo. Ill__ rain
Cairo. III., to New Orleans.,.,_ • 547
Centralia, Ill.. to East atem- 706
Line to Louisville, dco
Dubuque. Iowa_ __ _
671
761 Mem.,Tenn.,toMem. Jct., Miss 98
Dubuque & Sioux City.
97 St. Louis Alton & Terre Haute_ 231
Springfield to East St. Louls___
Peoria. Ill., to Evansville. Ind.,
Entiresth.owned-Branches.&el.068
with 6-mile branch
234
Trackage. ctc
179
Indianapolis, Ind.. to Effingham, III. (V. 93. P. 880)
Total operated July 1 1914_4.769
177
HISTORY. LEASES. &c.-Chartered in Dec.
The company pays
to the State of Illinois 7% (for the 12 months ending
1850.
Apr. 30 1914 11,393,383) of gross of the 706 miles owned in fee yearly in lieu of taxes 'The Chicago St. L. & N.0.Is leased for 400 years from July 1 1882 at 4V per annum
on its $10,000,000 stock deposited to secure the leased line stock.
Owns all the cap. stock ($5.000,000 common and $15,000,000 pref of
Central of Ga. By. but road is operated Independently. See that co. above.
V. 88. p. 668: V. 88. p. 1559: V. 93. p. 1668. 1316.
The entire stock of the Yazoo & Mississippi Valley RR ,1,372 miles.Is
owned In the interest of the Illinois Central. the latter also
'owning nearly
all of the bonds, which are deposited its collateral. Year end. June 30 1914,
operating revenues,$12,552,596; other income.$197,025; total,
621;
operating expenses, taxes and interest $12,489,811. In July
1913 the
612,749'
Mississippi authorities brought suit to compel the sale of the securities
of the Yazoo road held by the Illinois Central. V. 97. p. 237, 365.
In Feb. 1913 purchased all of the stock of the Chicago Memphis & Gulf
RR., Dyersburg, Tenn.. to Hickman, Ky., 52 m. V. 96. p. 420. 716.
CAPITAL STOCK.-The leased line stock Is secured by deposit of $10.000,000 Chicago St. Louis & New Orleans stock. (V. 65. p. 10710
In July 1913 Union Pacific owned 832,900,000 of the stock. V.84. P.51.
102. 570; V. 88. p. 480: V.90, p. 700; V.86. p. 981, 1529.
D1VS.1 '87. '88. '89. '90. '91-'99. '00.'01Sep.'04'05 to'12. '13. 1914
514 8 5 yearly 534 6 yearly 7 yearly
in. BUJ 7 7
6
5
BONDS.-Cairo bridge. See adv. In "Chronicle." May 7 1892.
The trust bonds of 1886 are secured by deposit of $5,266.000 Chicago St. L.
& New Orleans consols of 1881: also by a lien on the road. See V.86, p. 1343
Collateral Trust bonds of 1952 are secured by pledge of $16,350,000 5%
let M.lads. of subsidiary railroads covering 854 miles; see list, V. 55, p. 550.
The $25,000,000 collateral trust bonds 01 1953 are secured by pledge of all
the Loulay. N. 0. & Texas (now Yazoo & Mississippi Valley RR.). $16,900.000 1st mtge. bonds, except 168.000, all the 19.104.000 mtge. Incomes
and all land grant incomes, $6,553,277; V. 54, p. 964: V. 61, p. 112.
Chicago St. Louis & New Orleans 5s have their interest guaranteed (by
endorsement) until the principal is paid. The 334s 01 1897 are gum.., principal and interest, by endorsement-see guaranty. V. 65. p. 1071.
The Western Lines loan 01 1894. see "Supplement" of Jan. 1899.
The St. Louis Division & Terminal bonds are for $15,000,000 authorized,
of which 15.000.000 are three per cents; $3,500.000 were issuable for Improvements. equipment, &c.. and $1,499.000 are held to retire $1.400,000
underlying bonds still outstanding on the St. Louis Alton & T. H. system:
71, p.548.
Abstract of mtge. In V.66. p 138. See also V. 66. p. 133: V.of
the bonds
Louisville Division & Terminal mtge. Is for $25,000,000:
46 m.(Cecilia br.) from Louisville
$1.112.000 were reserved to purchase the
Chicago St. Louis &
& Nashville and to retire the L. & N. bonds thereon.
Div. and joined in making mtge. See
New Orleans took title to the Louisv.
of Jan. 1899. V. 65. p. 367.
V.66, p. 136. for abstract; also "Supplement"
p. 671; V. 97. p. 887. 1024.
75.
V.
581;
p.
V.67.
516: V.66. p. 133;
were issued on 748 miles of
Of purchased lines 3145 of 1904 114.662,000
52.662,000 have been canceled
subsidiary branch lines purchased, of whichtherefor.
There are also $5,substituted
In Jan. 1911 and ref. bonds
$988.000 bonds of the Kankakee
338,000 reserved to retire at maturity table
and
above)
14.370.000 bonds
bond
(see
1921
due
& Southwestern lsta
which are pledged for the coll. tr.
of the Chicago Madison & North.(231 m.).
2588: V. 81, p. 1105.)
1642.
1273.
p.
79.
V.
288:
p.
71,
V.
(See
1052.
of
45
1120,000.000) are subject
The refunding mtge. gold 45 of 1908 (auth.
Nov. 1 1918. See V. 87. 1)•
to call at 10714 and In M. & N. beginning1636;
V. 97, p. 1024; V. 98,P•
527,
261.
p.
92,
V.
295:
1357, 1420; V. 88, p.
terminals, so-called purchased lines,
1459, 1608. Cover main line. Chicago
of 2,187 m.,subj. to existSpringfield Div., the St. Louis Div., &c., a total
$2,500,000 Chic. Havana
ing Issues of bonds aggregating $61,766,000, Incl.Ill.
Cent. gold 4s of 1952.
& West. Sc and Rantoul RR. 5s pledged under
Lines)
Unissued were Res'y'd.
(Nor.
Purposesfor which $79,260,000 Ref. Bonds
$59.026.000
To retire a like amount of prior lien bonds
&c
debt,
funding
20,234,000
Improvements.
Additional main track.
RR. Joint First ReOn,
New
&
Louis
St.
Chic.
and
Central
The Illinois
in
bearing
issuable
series
are
issue)
funding M. bonds ($120,000,000 auth.
on about 1.512 miles of the
Interest at not to exceed 5% and are secured
to
Ill.,
Cairo,
New
Orleans,
from
line
main
Southern lines, including the
lines south of the Ohio River except
La., &c.,and comprising all the system Brookhaven
& Pearl River RR.(52
the Chicago Memphis & Gulf RR., the
& Mississippi Valley RR., which
Yazoo
in. and 21 m. respectively) and the
Is operated independently. V.97,p. 1822, 1733. 1204; V.98,p. 1459, 1608.
are Issuable.
Purposes for which said 5120,000,000 Joint Bonds and
(a) To reimburse the Co. and subsidiaries for the purchase
covered
&c..
properties,
Improvement of railroads, terminal
by this mortgage ($5,000,000 Ser. A and 11,000,000 Ser. B
$33,348,100
sold in 1913 and remainder auth. to be sold in Oct. 1914)
50,132,000
mortgages
(b) To refund or retire a like amount of prioretc.
36,519,900
construction.
improvements,
(c) For future
Equip. 434s 1913 callable at 10214 after Feb.1 1918. V. 96,p.135,553.
GENERAL FINANCES.-In Sept. 1913 the dividend rate was reduced
to 5%. In Dec. 1913 sold $10,000,000 Joint First Ref. 5s, and In May and
June 1914 $10,000,000 Joint Ref. 5s and $5,000,000 I. C. Refunding 4s.
Improvements in progress July 1914 to cost over $9,000,000. V. 99, p. 48.




[VOL. xcix.

RAILWAY STOCKS AND BONDS

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

S Sept 1'14,234% 32NassauSt.N Y.& Lon
do
do
J July 1 1914 2%
London, England
0 Apr 1 1951
do
do
D Deo 1 1950
32 Nassau St., New York
.1 Jan 1 1951
do
do
J Jan 1 1951
London
S Moh 1 1951
New York and London
0 Apr 1 1951
Baring Brothers, London
J July 1 1950
32 Nassau St.. NewYork
J Jan 1 1951
do
do
A Aug 1 1921
do
do
D Deo 11950
do
do
1951
J July 1
do
do
.1 July 1 1951
do
do
I) June 1 1923
do
do
S Sept 1 1931
do
do
S Mch 1 1932
do
do
1952
1
J July
do
do
N Nov 1 1955
do
do
0 Apr 11952
do
do
N Nov 1 1953
do
do
A Aug 1 1951
do
do
15 June 15 1951
do
do
15 June 15 1951
do
do
D Dec 11963
Baring Bros, Lon & N Y
D Dec 1 1963
York
St.,New
Nassau
32
1) Dec 1 1951
do
do
J July 1 1953
do
do
A Aug 1 1951
do
do
J Jan 1 1951
Jan 1 1923
A Feb '15-Feb '23 N Y off or Com Tr,Phila
A Feb'
23
15-A93'
First Tr & Say Bk, CIII0
I) June 1 1951
June 1 1951

Gross, $11,241,473: net. $1.966,605
EARNINGS.-2 mos-11914
11,055,030; net, 1,760.285
Gross,
11913
July 1 to Aug. 31.
REPORT.-Annual meeting is held the third Wednesday in October.
Report for 1913-14 was in V. 99, p. 963, 974; editorial. p. 933.
1911-12.
1912-13.
1913-14.
4,763
4,763
4,769
Average miles operated
$13,715,979 $13,455,884 $13,337,562
Passenger earnings
37,881,766
42,589,299
43,871,272
Freight earnings
7.507.944
8,235.720
8,286,449
Mail, express, &c
$58,727,272
384,280,903
565,873,700
Total earnings
511,739,475 $11,250,848 $7,812,719
Operating income (after taxes)
4,370,759
5,999,352
7,320.600
Other income
$19,060,075 $17,250,200 $12,183,478
Total net income
16.094,528 $5,653,217 $4,813,092
Interest on bonds
3,965,420
5,021,870
4,868,365
Rentals, &c
(6)6,557,760(7)7,650,720
(5)5.464,800
Dividends on stock
sur.$2,632,382 sur.$17,353def.42452A4
Balance, deficit or surplus
W. L.
OFFICERS.-Pres., Chas. H. Markham; V.-P.f(operation),
Sec.,
Park; V.-P. (traffic). F. B. Bowes: V.-P. (purchases), C. F. Parker;
D. R. Burbank: Treas., A. J. Wykes. Gen. offices. Chicago, Ill.; New
Street.
Nassau
32
York office,
Directors.-Walther Luttgen, John W. Auchincloss, William Averell
Harriman, C. H. Markham. Cornelius Vanderbilt, J. Ogden Armour.
Chas. A. Peabody, R. W. Goelet, John G. Shedd, R. S. Lovett, H. W.
de Forest, Philip Stockton and, ex-officio, Hon. Edward F. Dunne, Governor of Illinois.-(V. 98. p. 48, 196. 963, 974; V. 99, p. 1130.)
ILLINOIS SOUTHERN RY.-Owns Salem, Iii., to Bismarck. Mo. (Including River Transfer, .60 mile), 123.34 m.; Missouri Jet.. III., to Chester.
III., 10.67 m.; branches, 2.83 m.: total owned, 136.24 m.: trackage. 2.81 In.:
total, 139.05 in. Reorg. of Centralia & Ches.RR.,&o. See V.94, p.559.
Stock, corn.. $4,000,000:6% rum. pt., $1,000.000: par, $100, all out.
The remainder of the 53,000,000 1st M. bonds is reserved for additions.
&c. V.93, p. 589; V.90. p. 167. Car trusts. June 1913. 327.000.
REPORT.-For year ending June 30 1914. gross, $586,910; net, $132.income. $7,226:
898. In 1912-13, gross. $543.000; net. 5133,250: otherK.
Bolsot;_Sec.,
int., taxes, &c.. 6134,678; bal., sur., 35.799. Pres.. E.
E. M. Tourtelot: Treas., M. D. Lawlor, Chicago; V.-Pres., J. W. Walsh;
Aud., A. F. Williams, St. Louis. Office, 717 Locust St., St. Louis, Mo.(V. 94, p. 559.)
ILLINOIS TERMINAL RR.-Owns road Alton ,Ill., to Hartford, 6.50
miles; Cotten to Leclalre. III., 3.45 In.: total, 9.95 miles. Leases from
Wabash RR. Hartford to Edwardsville Jct., 6.80 m., and Edwardsville
Jct. to Edwardsville, 2 m. Extension from Alton to East Carondelet is
understood to be proposed, also probably purchase of St. Louis Troy &
Eastern RR. Stock authorized to be Increased in Dec. 1913 from $500,000,
all outstanding, to $5,000,000 (par VOW and sale authorized to a St. Louis
syndicate. Of the 58 of 1913 ($5,000,000 auth. issue), $1,500,000 have
been Issued. See V. 98, p. 690. Divs., 4%, 1911-12. Year 1913-14,
gross, $291,033: net, $69,089. In 1912-13, gross. $294,775; net, $63,844;
interest, &c., 529,349; balance, $34,494. Pres., II. H. Ferguson; Sec.,
H. S. Baker; Treas., L. A. Schlafly. Office, Alton, Ill.-(V. 98, p. 690.)
INDIAN CREEK VALLEY RY.-Seo page 141.
INDIANA HARBOR BELT RR.-Owns Whiting, /d., to Blue Island.
III., 14 miles; McCook to Franklin Park, Ill., 10.5 nr.; Argo to Union Stock
Yards, Chicago, 10.6 m.; State line to Grasse'', Ind., 5.6 m.; branches. 4.7 in:
total owned,45.5 miles; trackage,31.5 m.; contract, 27.9 in.; total. 104.9 En•
Stock outstanding. 52,450.000, of which Lake Shore & Mich. Sou. and
Mich. Cent., which guarantee the bonds. own 60% and Chlo.1111w. & St. P.
and Chic. & Northw. 40%. V. 93, P. 164. Of the bonds (325.000.000
auth. Issue), $2.500,000 are reserved to retire Chic. Ham. & Western 68.
$2,500.000 bonds out bear int. at 3% 1912 to July 1917. then 4%. V.86,
p. 108. Due for advances Dec. 31 1913. 53.717,693. Report for cal. year
1913 in V. 98. p. 1602, showed: Gross, $3,309,809; net, after taxes. $730.969; other income, 386.405: int., rentals, &c., $1,049,994; bal..def,
$232.620.-(V. 98. p. 1602.)
INDIANAPOLIS UNION R Y.-Owns 4.47 miles of yard tracks and
sidings, .93 of a mile of road with terminals at Indianapolis, Ind., and leases
for 999 years the Belt RR. of Indianapolls-14.18 m. (which see). elev.
Cincinnati Chicago & St. Louis, the Pittsburgh Cincinnati Chicago & St.
Louis and the Vandal's RR, are virtual proprietors, they having invested
In it $1,056,426 to June 30 1913. No stock outstanding. Favorable decision Sept. 1910, V. 91, p. 1511. Year ending June 30 1913. gross, $471,.)
.
400; total deductions, $393,145: bal.. sur., 578,255.-(V. 91, 1:0• 1511
-InoorINTERBOROUGH-METROPOLITAN CO.-ORGANIZAT/ON.
porated on Jan. 24 1906 as an amalgamation (per plan V.82. P. 217, 280) of
the Interborough Rapid Transit Co. and Metropolitan Street By. Owns
$33.912.800 of the $35,000,000 stock of the Interborough Rapid Transit Co.
and about $15,256.743 of the $17,495.060 stock of the New York Rys. Co..
successor Jan. 1 1912 (per plan, V. 93. p. 1533) of the Metropolitan St.By.
V.94, p.293,207; V.95, p.747, See Interborough Rapid Transit Co. below
and New York Railways in "Electric RR.Section."
505.95 Miles of Single Track Owned Si) Companies Comprising System.
Interborough Rapid Transit Co., subway
Elevated (Manhattan Railway, leased)
eges
muillililes
4m
7
°93
Surface lines owned or controlled by Interb. Rap. Tran. C0_214
81811...0
miles
New York Railways Co. and subsidiary companies
.l
.9
STOCK.-Pref. votes while dividend Is unpaid. V. 82. p.128147,1
PREF. DIVIDENDS -July 2 1906 to July 1907.5% yrly.; none since.
VOTING TRUST.-Over 80% of the common and 65% of the pref.
are deposited under a voting trust agreement to March 6 1916. subject to
termination in the discretion of the voting trustees, vlz.: August Belmont,
Edward J. Berwind, Andrew Freedman, Theodore P. Shonts and Cornelius
Vanderbilt. V. 92. p. 461. 527, 669. 1108: V. 94 p. 911.

OCT., 1914,1

RAILWAY STOCKS AND BONDS




70

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

BroL. xclx.

When
Payable

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

FC Text 1913
$1.000
Illinois Terminal-1st M $5,000,000
Illinois Tunnel Co-See Chicago Subway Co.
-_- 1907
1.000
Indian Creek Valley Ry-lst 8I red 1917' ___xo&r
Indiana Decatur & Western-See CM Ind &Western
46 1907 1.000 dm
Indiana Harbor Belt-GenM825.000,000 g Gael*&r•
do
do
1907
do
ChM Ham & W first mortgage gold assumed_xe&r 27.48 1897 500 &O
Indiana Illinois & Iowa-See Chicago Ind & South.
Indianapolis & Louisville-See Chicago Indianapolis & Louisville
93 1886
1.000
Indianapolis Un-lst M golds toot callable__ _FP.xo•
100
Interborough-Met Co-Corn stock 8100.000.000 auth_
------100
ref stk 5% own (also pref as to assets) 855,000,000
--- 1911111 1.000 &o
Coll trurt bonds g see by Int R T stk sf text.xo•&r
x
1910
Five-year notes (V. 91, p.38: V. 92, p 183)
100
Interborough Rapid Transit-Stook 835.000.000-- Text _-_
ist& rer14 $300,000,000 g s red 110(text)O.Yeatr*
--- 1913 1.000 &c
International & Great Northern100
Common stock. see text
100
Preferred stook (p & d) non-own (see text)
z 1.109 1879 500 &c
First mortgage gold
Fz - 1880
1.000
Colorado Bridge bonds sinking fund
Cex 1.1
1911 $ Z ft
1st refunding M $50.000,000 gold red 110
--- 1911
1.000
Three-year 5% secured notes redeemable 101 g-Cex
_
x
1908
1,000
Equipment trust etre due $19,000 s-ann
--- 1913
1,000
do g due 850,000 s-a (V 97, p. 521, 729)-Eqx
100
I nternational RYS of Cent Amer-Ordinar shares_
Preferred stook 5% and partio see text --------100
Emz 14234 1886
Guatemala Central 1st mortgage gold
1,000
-x 14234 1912
Internet Rys (2d M on Gust Cent)
1.000
Em.z - 1912 Z. fr. itc
First mtg g red 10234
Stock
InteroceanIc Ry of Mex-lst pref stk, 5% non-oum__
p
87.
(V
non-cum
1160)
4%
stock
-__ _-__
Second preferred
Stock
- ---- -.
4% debenture stock subj to call at par £1,150.000
Ordinary stock
Slook

BONDS.-The collateral trust 43s of 1906 (Windsor Trust Co., N. Y.
trustee) are secured by pledge of all the stock of the Interborough Rapid
Transit Co. or voting trust certificates therefor acquired at the rate of $1.000
in bonds for $500 Interborough Rapid Transit Co. stock. V. 82. p. 280.
A sinking fund (provided by increased distributions on Interbor. Rapid
Transit stock) was established in June 1910. $300,000 to be appropriated
yearly out of surplus income after interest and taxes to purchase bonds at
not over par, bonds acquired to be kept alive in the sinking fund. The
fund. it Is estimated, will exceed 840,000,000 by 1956. V.93. p. 666.
REPORT.-Report for year ending June 30 1914, in V.99, p. 811. Total
receipts. $5.462.902; int.. taxes, &o., $3,602.137; bal., sum.. *1.860,765.
OFFICERS.-Pres., T.P. Shows; V.-Ps.. H. H. Vreeland, E. Mora
Davison. D. W.Ross: Sec., H.M.Fisher; Treas.,J. H.Campbell, Office.
165 B'way, N. Y.-(V.97, p. 1823, 1920, 1993; V.99, p. 811.)
INTERBOROUGH RAPID TRANSIT CO.-(See May).-Inoorporated
May 6 1902 in N. Y., and is now operating municipal tunnel RR. in N. Y.
City, extending, with two tracks, from the Flatbush Ave. station of L. I.
RR., Brooklyn, and also from the Battery,Manhattan, to Bowling Green,
and thence to City Hall. and as a four-track line from the City Hall (with
two-track loop at that point) under new Elm St., Fourth and Park Ayes..
103d St.: also as twoto 42d St., thence under 42d St. and Broadway toWest
Side to Van Corttrack lines, partly viaduct,(a)from 103d St. on the
in
all
Park;
85.34 miles of track
Bronx
to
St.
landt Park; (b) from 103d
subway
(incl. 12 miles sidings, &a.), on 25.72 miles of road (of which 1834
and 7 elevated). Also leases Manhattan (Elevated) Ry.. 118 miles track
on 37.68 miles of road.
Owns stock of N. Y. & Queens County By.. 73 miles, and (jointly with
Long Island RR.) the N. Y. & L.I. Traction Co. and Long Island Elec. Ry.,
total. 68 miles. V. 80. p. 2621; V. 83, p. 818; V. 86, p. 1100.
NEW LINES.-On Mar. 19 1913 an agreement was signed between
the city and this company (V. 94. p. 1507, 1565; V. 96. p. 62. 359. 1701)
and the Brooklyn Rapid Transit Company. providing for expenditures
aggregating about $325,000.000. for the establishment of comprehensive
dual systems of rapid transit serving all boroughs.
The official statement to the N. Y. Stock Exchange, dated June 30 1913,
was published in "Chronicle" of Aug. 16 1913, pages 450 to 455, giving full
particulars as to new contracts, bonds. &c. See also V. 97, P. 744. 1024.
Road Track Track Total
Lines to be Oyer.by Interborough R.T.Co.
(Exclusive of Manhattan Ry. and Sidings)- Miles. Steno, Elev. Track.
73.0
16.9
56.1
Company's present lines
25.7
71.5 147.1
New,to be built jointly by city and company_ 48.5
75.6
Total
88.4 220.1
74.2 131.7
The new lines (being built jointly) here include: (1) Lexington Ave.
subway extending,with 4 tracks, from a connection with the present subway
south of 42d St. northerly to 135th St. In the Bronx, there forking (a) to
Jerome Ave. with 3-track elevated extension thereon to Van Cortiandt Park
and Woodlawn Cemetery; (0) as a 3-track subway via 138th St. and Southern Boulevard to Whitlock Ave., thence as a 3-track elevated road to Pelham Bay Park. (2) 7th Ave. subway (4 tracks) connecting at its northern
extremity on 42d St. with a line to the Steinway tunnel (which became
the property of the city and is leased by the Interborough), affording access
to Long Island City, and thence via new elevated lines to (a) Ditmars
Ave.; (b) Corona and Woodside. The 7th Ave. subway will at its southern
end divide so as to reach both the Battery and,(via a new tunnel under the
East River to Clark St., Brooklyn, and the present subway.) the Flatbush
Ave.(L. I. RR)depot, whence it will run with 4 tracks along Eastern Parkway to Buffalo Ave.. with 2-track elevated extension on Livonia Ave. to
New Lots road. Manhattan Ry.is to have third track on 2d..3d and 9th Ayes.
Cost to City and Company-Company's Total Requirement, $154.497,050.
City.
Total.
Company.
Coat of new subway construe'n.-$66,000.000 *$56.260.000 $122.260.000
Cost of equipment
21.000,000
21.000,000
Manhattan Ry.(3d tracking, and extensional_
27.696,050
27,696.050
Refunding all old obligations
49,541,000
49.541.000
*Not over this amount (including contribution of Steinway Tunnel under
East River at $3,000.000. city to meet any further cost (V. 96. p. 135.
To cover the company's requirement under the plan there have been sold
to J. P. Morgan & Co., and through them to a syndicate. $160,658,000 new
1st M. 5% 53-year gold bonds, to be taken and paid for in four yearly install ments,viz.: In 1913,$68,658.000; 1914,830.000.000; 1915,836.000.000;
1916, 832.000.000. See V. 94. p. 1507. 1565, 1249: V. 96. p. 1228: V. 97.
p. 1024. In Oct. 1913, however, It was hoped that $156,000.000 bonds
would cover the requirements of the plan. This amount may be further
reduced by such amounts as may be found available from other sources for
the discharge of its obligations under contract No. 3 and the Manhattan
and Interborough certificates. See below.
Subway Leases, New and Old. to Run 49 Years-Re-Capture.
The lease by the city to the company of the new subways is for 49 years
from Jan. 1 1917. but if their completion should be delayed through no
fault of the company, the beginning of the term will be correspondingly
postponed; subject, however, to the city's right of re-capture after 10 years.
The leases of the existing subways are modified so as to expire contemporaneously with the lease of the new subways, but are not subject to termination by notice except as portions thereof may be taken over in substitusubtion for the 7th Ave. branch or the Lexington Ave. branch of the new East
ways in order to complete a direct longitudinal line, either upon the
Side or upon the West Side of the city. As to the old contracts. Nos. 1 and
2. see this Section. Issue of Feb. 1913 and V.96. p. 1701.
The authorizations and licenses for the elevated railway extensions and
additional tracks are for 85 years from the beginning of operation. and are
respectively subject to the right of the city to purchase and to take the property at any time after 10 years upon payment therefor.
Company's Cumulative Prior Claim on Net Earnings During Life of Lease.
[From net earnings, after payment of rental and taxes annually.]
(1) From net earnings of old and new subways (x) the average
annual profits from the present subway during the two years
ended June 30 1911. $6.335,000;(y)5% int. and 1% skg. fd.




$1.500,000

5

J

& D Dec 1 1938

First Tr & Say Bk, Chic

265,000

6

1

& D June 1927

Pittsburgh, Pa

2.500.000
1.725.000
2.500.000

3-4 g .7
4g J
6g J

&
&
&

J July 1 1957
J July 1 1957
J Ian 1 1927

860 000
i g M & N May 1 1926
4;
93,262 192
45,740 000 See text Q-J July 1 '07 1)(%
67,825 000
4)4 g A & 0 Apr 1 1956
J & J July 1 1915
6
4.000 000
35.000 000 See text Q-J Oct 1 '14 214%
5g J & J Jan 1 1966
98.658 000

Grand Cent Term. NY
do
do
do
do
Fidelity Trust Co. Phil&
Empire Trust Co. 141 Y
Bankers Trust Co. N Y
Belmont & Co. New York
Tress office, 185 B'way

See text
3,400.000 See text See text Jan 2 1913 4% Office. 165 Erway, N Y
Equitable Tr Co. N Y
11.291.000
6 g M & N Nov 1 1919
Office, 165 B'way, N Y
M & N May 1 1920
198.000
7
New York
5 g F & A Aug 1 1941
1,286,000
Aug 1914 coup not paid
F & A Aug 1 1914
5
11,000.000
A & 0 Apr '15-Oct '18 Guaranty Trust Co,N Y
6
171.000
5g F & A Feb'15-Aug '23 Equitable Trust Co. N Y
900,009
30.000.000
10.000,000 See text See text Aug 15'141 38%
Office, 17 Battery
NY
6 g A & 0 Apr 1 1916
2.500,000
do
40
3.500.000 2 to 5 J & J Jan 1 1972
EmplreTrCe.NY,Lon. &a
5 g 11 63 N May 1 1972
£1,000.000
£1.400.000 4 in 1913 See text Dec19 1913 4% London
do
do
£1.000,000 See text See text Nov 14 19122%
See text
M & 9 15 Sept 15 1950
4
£1,150.000
£1.700,000

h.

on 880,000,000, the agreed amount of company's investment
in new subways and equipment, *4,800.000
$11.135.006
(2) From net earnings present elevated lines and elevated extensions and third tracks to be added. (z) Interest and 1%
sinking fund upon the $24,696,050 of new capital for elevated
railway extensions and connections and equipment, and interest upon about $3,000,000 for improvement of Manhattan
power facilities, about $1,734,000; (y) average receipts of
company from Manhattan lease for two years ended June 30
1911, not less than $1,547,351
3.281,351
Total prior claim on net earnings after taxes and rentals_ _$14.416.351
Add company's miscellaneous income, at present annually...
353.000
Total minimum net income available for int. and sink. fds__814.769.351
Interest(5%)and sink.fd.(1%)on $156.000,000 bonds calls for $9,360.000
For the fiscal year ending June 30 1913 the net earnings from present
properties,including profits from the Manhattan Ry.lease and other income
were approximately $9,403,098 (or about 8% upon the above-mentioned
8156,000,000 bonds), as against an average of $8,235,000 for the two years
ended June 30 1911, while when the new subways and elevated extensions
are completed, it is estimated that for the first five years the annual net
earnings available for interest will average 813.088.N0 and for the fifth
year $15,490,000. Interest during construction forms part of cost of work.
Interest during construction forms part of cost of work.
When the profits from the operation of the subway system exceed the
amount of the company's annual prior claim, and after all accumulated deductions (with interest thereon) shall have been made up to the company.
the profits then remaining are to go to the city until the percentage of the
city's return upon its investment shall equal the percentage of the return
received by the company; and thereafter excess profits will be divided
equally between the dty and the company. The profits from the elevated
system and connections, after all the company's accumulations shall have
been made up,are to be divided equally between the city and the.company.
CONTROL.-/n Deo. 1907 $33.912,500 of the $35,000.000 stock had
been exchanged for 200% in 4)4% collateral trust bonds of the Interborough
Metropolitan Co.(which see above), secured by the stook exchanged.
DIVS.- 1'04. '05. '06.'07 to Jorii. 0.1.'11. '12. '13.
1914.
10 10
211
10
2 83( 834 9 You'll
Regular
July, 5
2
5
Extra
Extra 5% in 1912 was from profits of Construction Co. V. 94. p. 1695.
BONDS.-The "First and Ref. Mtge." of 1913 Is limited to $300,000.000.of which $170.000,000 was underwritten early in 1913.as stated above;
in Oct. 1913 it was hoped that only *156,000,000 would be needed to carry
out the plan, $98.658,000 thereof being outstanding in July 1914. See
full data, V. 97,p. 450. 1024; V. 98, p. 304, 611, 1157: V. 99. p. 119.
The new bonds are since Nov. 1 1913 a first lien on all leasehold and
other rights of the company In (a) the existing subways and elevated lines
(including power houses, sub-stations, equipment, real estate and other
property of an estimated aggregate value of about 840.000,000, owned
directly by the Interborough Co..subject to the city's rights under the lease)
and (b) in the new subway and elevated line extensions and in the authorized additional tracks on the present elevated lines. The existing subway
lines cost about $66.500,000 (exclusive of the power houses, sub-stations
and equipment above mentioned, which cost about $36,450,000 additional);
the estimated total cost of the new subways is $123.000.000: of the equipment for the initial operation of the new subways. $22.000.000, and of the
elevated line additions and extensions, *27.696,050.
Cum. sink. fund of not less than 1% yearly will begin not later than
July 1918. Bonds may be drawn for sinking fund at 110. or bought in the
market at a lower price. By the operation of the sinking fund the whole
issue will be amortized during the term of the lease
In case the city shall exercise its right of re-capture of any of the new linen.
after 10 years from commencement of operation, the moneys so payable
will retire all outat'g bonds Issued for constructing and equipping same.
EARNINGS.-For 2 months ending Aug. 31:
Balance,
Chas.(incl.
Other
Net (after
Gross
Surplus.
Income. Manh.guar.).
Taxes).
Earnings.
2 Mos.$4.940,528 $2,543,995 886.863 81,824.123 8806,736
1914
518,316
1,863,428
83,604
2,298,140
4,690,616
1913
REPORT.-Report for year ending June 30 1914, V. 99. p. 744. 757.
1911-12.
1913-14.
1912-13.
Year ending June 30$33.515,395 $32.497.871 $31,246,392
Gross operating revenue
812,902.053 $13,260,743 $13,047,802
Operating expenses
1,979.431
2,116,880
2,081.949
Taxes
Income from operation
Non-operating income
Gross income
Total deductions
Dividends

18,531,393 817,120.248 316,219.159
1.305,200
487,490
612,853
$19,144,246 817.607,738 817,524,359
$11,119,666 $11,070,669 $11,000,593
(15)5,250,000(12)4200.000(15)5250,000

$2,774.580 82,337.069 $1,273,766
Surplus
DIRECTORS.-August Belmont (Chairman), W. Leon Pepperman,
Andrew Freedman, Cornelius Vanderbilt, Edward J. Berwind, H. 8,1
Fisher, Theodore P. Shouts, F. de 0. Sullivan, Edward R. Bacon
Edwin S. Marston, Daniel G. Reid and E. E. Stabbard, New York; T. De
Witt Cuyler, Philadelphia. Pres., T. P. Shoots; V.-P., Frank Hedley,
David W. Ross' Sec.,11. M. Fisher: Treas., John H. Campbell. Office,
165 B'way, N. Y.-(V. 99, p. 404, 744, 757.)
INTERNATIONAL & GREAT NORTHERN RY.-(See Map Missouri
Pacific.)-Total system July 1914. 1,159 miles, viz.:
Lines owned (aMcl.)Miles.
Lines ownedMiles.
Long View Jct.,Tex.,to Houston 232 Magnolia Park Terminal
10
413 Sundry branches
Palestine to Laredo
129
Joint TrackageSpring to Ft. Worth,T.&P.Conn.272
Miles.
Houston to East Columbia brch- 50IGalv. Houston & Henderson
49

OCT., 1914d

RAILWAY STOCKS AND BONDS

71
MAY OF THE

70
4
,1 I
B III

, t
CorOing

HloCan
Les▪ ter
'Burr Oak
I6311°°'!"10.401

"
JOSE
sbor

Ealt114‘

liaokato
'
1 ming ilk.
11"n

:IPA
Con rdia
Cla Cense

Beloit

Bron0wick
arrieun Crow

nd.

logo/A

11,

AN

A.

Z:et....
cy.

•
Franklin Jo.
B. It JeA
mor
o.
.
u.
d11
Gr .

pek

A '

e• C.
)21:1 dab* •

141 o
le land

ont 11 Gro at"II2P'"

Iiil ."1
Gno II
er in
En :Waco
tion NO

Fmperia
NAN.

00r•

•

Lorena
liatcia

*li
*I
!
,
,
k

&W
il
lson ttit '
41
oranto

RIO

(dria;IM

..9.0'Ziliiik.

Jefferson
Clinton

Toyota..

Illvenld•

8,111ma
.Warstive

Y

Oeceol•

Arlington

HI era! PS.

OL
.

Clem
Munk

pOskil

Augusta
2ingEnan
.11111Thilirl Doug m
m. 11""
'"•111/0
s.
.

KANSAS CITY SOUTHERN
RAILWAY.

Con
. t

Karshtleld
As Grove
Sniverton
W.akr:
70or:
4:
211
e*".
0 l 0
" MWSLO Seymour
LIN .
ara. 0 wag.
t,
Velem
.
Z.
° 1 it
Willow Syn.
•
1A :: *
CY.
Ford
Tip
Cladmkt
N OSM
Sc.inell

Zs
j
.
y :44or
a....:
,.i.
filiF
d..
C .• A5ii
.
w

&mhos
waw

mgAgainivw.1.0

Ja..

Winona

;,1

Orove
Mos
Eureka Sprs.

Salptiurat.
Decatur
Gentry
SILOAM SPRINGS
Sanaa
Baptiste

DI:minare

-1-1

nthrl

Study Point
POTtakt
Wwler
zeth Mc. AlasWr
oo...p;..n.rr
i.
•

R

mare Ille
Howard
RION WOUNTat
Inslaton
NeNA
ittn.
titel
n

•Tostabooi:
ak.
Atoka

Stag; Ii

Be ton

Altnelme
Gillett

Wicks.
01111ern
Pullman

Da QUEEN
Atari*
'151t1

Ro‘rle

GRATIS:.
g ring
le

Daemon
e ere
boro

ovs Clarksville

•

Leland

TEXARK

Wolfe Cy.
11551 limey

Orabain

Relate

Members
Pa

.tirtdesport

ell

••
ir Wylie
rittatorg
ALLAS
Co:Bassos

Mineola
GIbbsland
y

1

Sibley was. Ruston

VicksbeN

Sayville

Arit•

Mtn

Garrett
Athens

RI Isboro

COnSICANA

Ka

Coo
?Mawr, Mill
Z oils
ring
wan
she
• rlen
• istie
Ho heck
S
Ifieert
...WV. I.

n

Magnolia
.1110
•immmem.mi.

eem•*me..

Pkk ring
IV me

Trinity

Amite

Co/swam

Co.

Co It dam
sori)aot
5 nes

nonte•Illis

•

Baton Ron

Marmots
CD•eland

Bidding*

Mae

BEAU MO

Smith,ID*
West Poing

Liberty
wOulT011

Isperimeirta
Morgan Cy.

-Ne
- /
Colombia

c.)/

GI

L,

\ ...... ...,..< i.

l' vz:, \ N.,„....•<4..:..2
,
.
I,
/ 12°
N,,k4e,,,•
TT -:,I L PM Vz,0 r -<"*"%, 3rN ];: .-e.,t,s,x
..;71
„6:.?,,
0

I

0

0

I
Ali c.•
Ion
Diego




Nov.,
V,
:ilia

\-.

/4.

lz.IP
z%

\

'e•
X'"<-,
.., •

"4'""0.0

‘N.

....
......
.
.."*............,

RAILWAY STOCKS AND BONDS

72

RAILROAD COMPANIES
[For abbreviations. Ecc.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[Vol, xcix.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

888 P§§§§ HEM §
=
-;-.7 „74-4 ,;
,:0-;444
.8
,:

Interoceanic Ry of Mex-(Con)
___ ____
7 '11-'12 Sept 15 1950
£469,459
7
London
Debenture stock 7% "B" sub) to call 120 cum____
See text
Second debenture stock red at 105 since 1911£1,300.000
44 M & N30 Nov 30 1950
___ ____
See text
£400,000
5
J & D 15 Jan 1 1984
Mex E deb stock £450,000 guar red at 105 beg 1914
lowa Central-See Minneapolis & St Louis
$500,000
5 g I & J July 1 1939
31 1894
.
Guaranty Trust Co. N Y
Jacksonville Term-lst M gold gu 4500.000-M0.x°
___ Do
11,000.000
4 g J & D June 1 1959
Grand Cen Term. N Y
Jamestown Franklin & Clearf-1st M guar_ _ _(IXO•&r
8 1867
300.000 4)4 & 6 J & J July '27-Jan '29 Fidelity Trust Co. Phi%
Jefferson-lst & 2d Ms ext in '87 &'89 (H'dale Sr)_ _c
Erie RR. New York
2,800.000
37 1889
FP.o•
5 g A & 0 Apr 1 1919
1st Mg ext 1908 red 105 1311 0 .11 I
U S Mtge & Tr Co. N I"
724.000
96 1905
5 g M & S Sept 1 1925
Jonesboro Lake City Ec Eastern-1st M $1,000.000 -x
Phil Tr, S Den & Ins Co
___ 1910
434 g M & N May 1 1940
650.000
Joplin Union Sta-lst M gu j'tly red 105 aft 5 yrsxo•
Junction (Philadelphia)-See Pennsylvania RR
Fidelity Trust Co. Ph1la
___ 1908
500,000
5 g A & 0 Apr 11048
Kanawha Bee & T Co--Ist M g red105 beg'16 8f FP-x
Bankers Trust Co. N Y
15 1904
750.000
5 g 51 & S Sept 1 1924
Kanawha & Coal River-Joint M $750,000 gold s f__
9.000.000 See text Q-M June30'14 13(% J. P. Morgan & Co. N Y
Kanawha & Mich-Stock $10,000,000
Central Trust Co. N Y
164 1890
Ce.xc•
2,469.000
4 g A & 0 Apr 1 1990
let M $15.000 per mile g guar p & I
J P Morgan & Co. N Y
___ 1907
2.500,000
5 g J & J July 1 1927
Second mtge $2,500,000 auth gold red par__ (OW
___ 1906
92.000
5
F & A 15 Feb 15 '15-'16 Sup Say & Tr Co, Cleve
Equipment bonds due 423,000 sembannually____x
Northern Nat Bk. Toledo
x
1909
72,750
5
M & N May 1 1917
do
do
___ 1912
960,000
4)4 g ,I & J Jan 'I5-July'22
do
g $60.000 s-a red par(V.94.p.1695)Ufl X
par
(V
99.
p
-July
'24
1914
___
red
342)Un
g
Jan
'15
J
&
J
$60,000
s
-a
1.200,000
do
434
g
Scranton (Pa) Trust Co
35 1905
897.000
5 g J & J July 1 1955
Kanawha & West Ye-First M $5.000.000 g text_. c•
Kansas City Belt-See Kan City Terminal By
Old Colony Trust, Boston
162 1885
5 g A & 0 Oct 1 1925
3.274.000
Kansas City Clinton & Spring-lst M g guar__NB.xc
Kansas City Fort Scott & Memphis R YBankers Trust Co. NT
Ref m $60,000,000 gold guar p & I end_Ba.xo&r a914 1901
25.941.000
4 g A & 0 Oct 1 1936
Old Colony Tr Co, Boston
xc
26 1882
F & A Aug 1 1922
390.000
6
Kansas h Missouri RR first mortgage
Bank Trust, NY; & B081
715 1888
111 & N May 1 1928
13.736,000
6
Kansas City Ft Scott & Memphis RR cons MNB.xe•
Old Colony Tr Co. Boston
82 1887
1.606,000
5
A & 0 Oct 1 1927
Current River RR 1st M 420.000 pm guar___NBx
Bank Tr Co. NY; & Boil
3 1889
63.000.000
5 g A & 0 Oct 1 1929
Kans Cy & M By & Bdge let Mg s 1 drawn at 110xo•
do
do
285 1894
4
M & S Mch 1 1934
3.323.390
Kans Cy Mem & Birm gen M $4.500.000 cur_ _Mao
do
do
Sept. Mch 1 1934
285 1894
OBso
293,780
5
Income non-cumulative
do
do
285 1894
5,629,500
5
M & S Mch 1 1934
stamped fixed Interest redeemable text_x
do
do
do
1.000,000
4 g A & 0 Oct 1 1922
21 1902
Birm Bolt 1st m gold red 102)4 guar p & I end_OBx
Blair & Co. New York
65,000
1905
434 g J & J Jan 1 1915
Equipment notes Series A last installment
do
do
170,000
- __ 1905
434 g F & A Feb '15-Aug '15
do
Ser B 485.000 due s-a (V 81 p 1044)_Bax
July 1914 coup not paid
300,000
30 1907
fig J & J Jan 1 1947
Kan City & Memphis-Ark Oki & W 1st M g-Usmx
30 Broad St. New York
496.000
5 g M & N May I 1961
56 1911
K C & M mtge g $18,000 pm red 10735 sf--MSt.xc•

-;

...

4 4 144448884 444

b Includes $359.000 held alive in

sinking funds

ORGANIZATION.-Incorporated in Texas on Aug. 10 1911 and has
.succeeded the Int. & Great Nor. RR. foreclosed June 13 1911. The 3d M.
bondholders' committee bought up practically all of the 2d M. bonds at
par and int. and recapitalization is pending per plan in V. 92, p. 1310.
subject to valuation to be fixed by Texas RR.Commission. V.93, p. 1105.
The I. & G. N. Holding Corporation was Incorporated in Virginia in Nov
1911 with 45,500.000 capital stock to be used in the reorganization of the
railroad company in such a way as to preserve the equity of the 3d M. bondholders in case the Texas RR Comm. do not allow a greater valuation than
$30,365,000 for the I. G. N. and owns the common stock of the railway.
See V. 93, p. 1386: V. 95, p. 176.
The cash required by plan ($15.340.000) was raised as follows:(a) by sale
to bankers of 511,000.000 3-year 5% notes due Aug. 1 1914 (prin. and int.
on which was then defaulted), secured by deposit of $13,750,000 1st ref. M.
bds.,of which $12.150,000 has been deposited by the new co. and $1,600,000
by the syndicate; and (5) by the sale to a syndicate of $1,600,000 1st ref.
M. bonds, $3,400.000 pref. stock and 42,500.000 common stock. In case
the valuation fixed by the Texas RR. Comm. calls for an amount of new
securities less than the amount called for by the plan, the reduction will
affect first the amount of new common stock to be given for the old 3d 31,,
deposited after May 9 1911 (V. 92. p. 1310).
Protective measures for minority holders of 3d M. bonds of old company
(about 4400.000) who did not participate in reorg.of 1911. V. 97,p. 887.
Receivership.-On Aug. 11 1914 James A. Baker of Houston and Cecil A.
Lyon of Sherman. Tex.. were appointed receivers at the instance of the protective committee, which endeavored to arrange for an extension of the 3-yr.
5% notes due Aug. 11914, both the prin. and the interest then duo being
defaulted. V. 99, p. 467, 406, 342.
Protective Committee for Gold Notes.-Alexander J. Hemphill, Chairman;
Wm. C. Cox, Secretary; Guaranty Trust Co.. N. Y., depositary. A large
majority has been deposited. V.99, p. 342,406. 467,538,894.
STOCK.--New common stock. $6,500,000 (subject to reduction as above
stated). Of the common stock $1,422,000 was issued June 30 1913.the remaining 35,078.000 being held for exchange for a like amount of conditional
Interim certific's, if, as and when issued, under agreement dated Nov.7 1911.
The new 5% non-cum. pref. is pref. p. did. and will participate equally with
common in any year after 5% on each; 41.600,000 is reserved for exchange of
a like amt. of the initial issue of 1st ref. M. bonds which are deposited under
the 3-year 5% notes. Upon the liquidation of the notes from time to time
the first ref. bonds contributed by the syndicate are to be proportionately
surrendered to the new company,in exchange,$ for 4.for pref. stock.
DIVIDENDS.-First dIv. on pref. stock. 1%. Aug. 1 1912 Jan. 2 1913.
4%.making 5% for year ending June 301913. V.95. p. Ill.
BONDS.-Of the new 1st ref. M.30-yr. 5s (450,000,000 auth.). $12.150,000 have been pledged as security for the 5% notes due Aug. 1 1914 and $1,600.000 sold for cash to the syndicate and by it deposited as further security
for said notes (see above); 411,439.000 are reserved to refund underlying
bonds and 424.761.000 are reserved,under restrictions,for additional equipment, additions, extensions and improvements. An agreement has been
made to sell a maximum amount of $1,000.000 of the bonds yearly for 3
years as required for improvements, extensions and eauipment. Compare
V. 94, p. 350. In April 1914 $535.000 1st refdg. bonds were issued and in
July 1914 $245.000 for impts. V. 96. p. 653; V. 99, p. 269. The secured
notes through their collateral cover the entire property at (including underlying bonds) about $20,500 per mile. V.94, p. 350.
In Aug. 1913 $1.000,000 5% equip. bonds were sold. V. 97, p. 521, 729.
REPORT for year end. June 30 1913 in V.97,p.1495. In 1913-14,gross.
59,941.373; net. $1,919,794. In 1912-13, gross, $11,260,565; net, 42,733,086; other income, $82,001; int., $1,261,717; taxes. $340.000; rentals, die.,
4889,852; divs.(4%),$136,000; bal.,sun.$187.518.
For 2 months ending Aug. 31. 1914, gross, 41,466,283, agst. $1,659,423;
net, 428,100, agst. $366,164.
1907-08.
1908-09.
1909-10.
1910-11.
49,127.834 48.566,866 48,097.939 46,922.268
Gross
363,560
1,499.794
1.517,078
1.899.906
Net
Directors.-Frank J. Gould (Chairman), New York; R. Lancaster Williams, Baltimore: Thomas J Freeman, New Orleans; Fred. W. Cook. San
Antonio; A. G. Whittington, Jesse Jones. Walter Kyle Morrow and A. R
Howard, Houston; Kingdon Gould, New York. Pres., Thos. J. Freeman;
1st V.-P., G. H. Taylor: 2d V.-P., A. G. Whittington; Sec. & Treas., A. It.
Howard. Office, Houston, Tex.-(V. 99, p. 467. 538, 894.)
INTERNATIONAL RYS. OF CENTRAL AMERICA.-See page 141.
INTEROCEANIC RY. OF MEXICO. LTD.-See page 141.
JACKSONVILLE TERMINAL RY.-Owns union passenger depots,
5 locomotives, &c., at Jacksonville, Fla., Including 31 miles of track
used by Atl. Coast Line RR., Seaboard Air Line, Florida East Coast
By., Southern Ry. and Georgia Sou. & Florida fly., which own entire
stock ($200.000). The Atl. Coast Line,Scab. Air Line and Fla. East Coast
each guarantee 34 and the South. By. and Ga. So. & Fla. each 34 of the int
under the rentals and meet expenses on wheelage basis, the Atl. Coast
Line, Seaboard Air Line and Florida East Coast By. guaranteeing by endorsement the prin. and int. of above bonds.-(V.71. p.135.)
JAMESTOWN FRANKLIN & CLEARFIELD RR.-Owns from OhioPenn. State line, on the Lake Shore & Mich. Sou., to Rose Siding, Pa.. 103
miles; branches,20 m.; trackage to Clearfield, Pa..54 m.; total. 177 miles.
A consolidation in 1909. V. 88. p. 506, 1002. Leased to the Lake Shore
& Much. Sou. from April 1 1909 for the term of the corporate existence and
renewals, rental covering interest on bonds and 5% yearly on 53.000,000
stock (all owned by Lake Shore), payable quarterly (Q.-J.). Of the 4s of
1909. 411,000.000 guaranteed by the Lake Shore were issued to retire outstanding debts and bonds and remaining 414.000.000 reserved for exten's &
Improvements. V. 90, p. 167, 697.-(V. 92, p. 395; V. 93, P. 731.)
JEFFERSON RR.-Owns Lanesboro, Pa., to Carbondale, Pa., 37 miles.
double track; branch, West Hawley, Pa., to Honesdale, Pa., Smiles. Leased
In perpetuity for 5154.940 per annum to Erie RR., owner of (52.095.950) stock. Used by D & H.to reach Carbondale.-(V.87, p.1479.)




JONESBORO LAKE CITY & EASTERN RR.-Owns Jonesboro to Barfield. Ark.. 63.16 miles Osceola Jct. to Osceola, Ark., 14.39 m.: Midway to
Luxora 1.4 m.: Midway to Meares Ldg., 0.5 m.; Ross to Wilson, 16.95 m.
(former Wilson Northern By.); total. 96.40 miles. Stock, $600.000.
Bonds, $550.000 outstanding, Bank of Commerce & Trust Co., Memphis,
trustee. In June 1914 it was proposed to issue an additional block of bonds
to repair the road; not issued to Oct. 1914. V. 98. p. 1844. For 191344.
gross. $285,510: net, $25.525: int.. taxes, &c., 482,285: bal., def., $56,760.
In 1912-13, gross, 4268.485; net, $75,143. Pres.. R. Lee Wilson. Office.
Jonesboro, Ark.-(V. 94, p. 826; V. 98, p. 18440
JOPLIN UNION DEPOT CO.-Owns union freight and passenger station
on 26 acres at Joplin. Mo., completed in 1911. used by the AtchisonTopeka
& Santa Fe. Kansas City Southern, Missouri Kansas di Texas and Missouri
& North Arkansas, which jointly own the $40.000 stock and jointly
and severally guarantee the bonds. prin. and Int. Of the bonds ($750,000
auth.). 4650.000 sold. Total stock auth.. 1500.000.-(V. 90. p. 502. 627.)
KA NA W HA BRIDGE & TERMINAL CO.-Owns bridge across the Great
Kanawha River near Charleston. W. Va.. used for railway. street railway
and general traffic. Stock. $400,000, owned by Chas. & Ohio. which operates property. Bonds, see table and V. 91, p• 1629. Year 1913-14,
gross. 5377054 net inc., $27,551; int. & taxes. $29.184; bal., def., $1,633.
KANAWHA & MICHIGAN RV.-(See Map Toledo & Ohio Central.)Owns Corning. 0.. to Gauley on Ches. & Ohio, 176 miles, less 18 miles.
Pomeroy to GallIpolls. and 1 mile, Athens to Armitage, where Hocking
Valley By. tracks are used. Also owns branch of 11 miles leased to Toledo
& Ohio Central and Col Sandusky & Hocking By. companies.
HISTORY, &o.-Reorg. in April 1890 of K. & 0. By. foreclosed (see
V.50. p. 451. 483). In 1890 a majority of stock ($4.600.000) was acquired
by Tol. & Ohio Cent.. which guaranteed the bonds, prin. and int., but in
Mch. 1910 was sold to Ches. & Ohio and Lake Shore & Mich. Southern
jointly. $3,458,400 of the $4,400,000 minority stock having to May 1914
agreed to accept $72 per share, less 1)4% commission. V. 90, p. 771. 849.
977, 1425: V.91, p. 276. 1095. The lower Federal Court having on Mch. 14
1914 held the joint control by the Ches. & Ohio and the Lake Shore illegal.
the stock has been sold to the Toledo & Ohio Central as of Juno 1 1914.
V.99. p. 1052; V.98. p.912. 1537: V.96, p. 63. (See V.52, p. 165,351.)
First div.,4%,paid June 3019)1; Dec.30.214%: 1912.5% (234 J. &i).)
1913, June.234% and 1% extra; Sept. and Dec.. 134% quar.; 1914, Mch..
and Juno, 134%.
Gross. $604,881; net, $220,832
LATEST EARN INGS.-1 1914
Gross, 616,162; net. 215,692
2 mos., July 1 to Aug. 31.11913
REPORT.-Year 1913-14. V. 99, p. 1047, showed: Gross. 53.110,148;
net, $890.358; other income, $356,883: int., taxes, Sze., $430,793; dividends (5%). $450.000; surplus, $366,448. Pres., F. B. Sheldon.-(V, 97,
9. 1426, 1823; V. 98, p. 912, 1537; V. 99, p. 342. 1047, 1052.)
KANAWHA & WEST VIRGINIA RR.-See issue Feb. 1914.
KANSAS CITY CLINTON & SPRINGFIELD RY.-Owns from Olathe.
Kan.. to Ash Grove, Mo., 154 miles; Raymore Jct. to Pleasant Hill, Mo..
m.; total, 162 miles. Stock, $1.775.400. Bonds were guar. by the Kan.
City Ft. Scott & Mem. RR. (old co.). Apr. 1914 coupons were paid in
May 1914. Deposits were requested with bondholders committee. See
K. C. Ft. Scott & Memphis By. below. V. 98, p. 1071, 1459. Year ending June 30 1914. gross, 4381,775: net, $89,415. In 1912-13, gross, $402,997; net, $111,920: other income. $4,863; int., taxes, &c., $203,997; bal.,
def.. $87.214.-(V. 98, p. 1459).
KANSAS CITY FORT SCOTT & MEMPHIS RY.-Operates Kansas
City, Mo., to Memphis, Tenn., and branches, 916 miles. Also has a
controlling interest in stock of the Kansas City Memphis & Birm. RR.,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch, 285
miles, and of Kansas City & Memphis fly. & Bridge Co., owning bridge
across Mississippi River at Memphis. 3 miles. Total. 1.204 miles.
ORGANIZATION.-Incorporated on June 14 1901 and is vested with
the property of the former Kansas City Ft. Scott & Memphis Railroad; also
controls other mileage. V. 72, p. 1237. See V. 72. p. 438. 532, 675, 988.
The St. L. & San Fran. RR.owns the entire stock and leases the road, guaranteeing the bonds of 1901. prin. and int., and 4% on pref, stock trust certs.
In view of the appointment of receivers of the St. Louis & San Francisco
RR.,a committee (E. V. R. Thayer, Chairman; Frank H.Damon.50 State
St., Boston. Secretary; Old Colony Trust Co., Boston, and Bankers Trust
Co., N. Y., depositaries) requested deposits of the various issues of bonds
of the system. incl. Kansas City Clinton & Springfield and St. L. & S. F.
trust receipts for pref. stock. V. 96. p. 1556; V. 98, p. 1459.
STOCK.-Common authorized, $45,000,000: outstanding, $15,000,000,
all owned by St. Louis & San Francisco RR. The pref. stock ($15.000.000
par 4100) is deposited in escrow, and against It are issued trust certificates of the St. L. & San F RR.,the latter having the option to retire the
certificates at any time at par and obligating itself to pay off the whole Issue in 20 years from date (Oct. 1901), and meanwhile to pay quer. 1%
thereon. See V. 72. p. 1238.
BONDS.-Of the ref. bonds of 1901 ($60,000,000), 525,941,000 were outstanding June 1914,526.956,970 were reserved for exchange against the face
amount of underlying bonds and remaining $7,102,030,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; V.92, p. 1311; V. 93, p. 45; V. 94, p. 279.
In 1912 the K. C. Ft. Scott & Mem. Ry. had guaranteed the Int. on all
except $293,780 of the 56,322,780 K. C. Mem. & Birm. income bonds, beginning Mch. 11912. the bonds so guaranteed being subj. to call at any time
within 10 years from Sept. 1 1902 at 95 and int. V. 74, p. 477. 577.
Birmingham Belt bonds are guaranteed, principal and interest, jointly by
Kansas City Memphis & Birm. and St. L, & San Fran. V. 75, 9. 1147.
EARNINGS-For year ending June 30 1913, gross, $14,113,655; net,
43,973,927; other income. $584.674: fixed charges, $2,962,179; pref.
diva.(4%).$600,000; bal., sur.. $996.422. In 1911-12,gross, $13.094.365:
net,$3.515.035.-(V. 96. 11. 1556; V.97. p. 1583; V.98. p. 1071. 1459.)

OCT,1914 I

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations,(tc., see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

--- -_-Kansas City Mexico Sy Orient-Stock see text-;100
Col.c
Two-year gold notes $6,000,000 red par
1914
-------10
_
Kansas City Outer Belt & Elec-Stoek (half 4% pref)
0
8 1903
1st 1413,000.000 it
1,000
Kansas City St Joseph & Council Bluffs-See Chicago Burnn gton & Quincy.
--- 1897
500
Kansas City Shrevep & Gulf Term-Ist M red 105-a
___ ____
100
Kansas City Southern-Common stock 530.000.000._
Preferred stock 4% non-cum $21,000,000100
Ba.xc&r
-__ 1900 1,000 &c
First mortgage $30,000,000 gold
-__ 1909 1,000 &c
Ref and 'rept id 521,000.000 gold red 105-xc•&r.N
--- 1912
1.000
Equip notes g ser D due $62,000 a-a red par__Nx
___ ____
Kansas City Term Ry-Stock auth 150,000.000-_ 1910 1,000 &e
1st M red as a whole on or aft Jan 1 1930 at 105& int
--- 1913 £100, &c
Secured sterling notes £1,000,000 red 101_ - _IC.c*
10 1886
1,000
K C Belt 1st M ($534,000 guar KCFS&MI_BB.xe
...... 1905
1.000
Kansas City Viaduct & Term-lst M g at (text) c*&r
Kansas & Colorado Pacific-See Missouri Pacific Ry__
1911
MOO
Ken & I Term RR-let id guar(see test)....0.xci&r
I.(U =
100
Keokuk de Des Moines-Preferred stock
First mortgage interest guaranteed C B!& P__e. 162 1848
100 &c
zc
___ 1869
1.000
Keokuk & Hamilton Bridge-First mortgage
37 1891
Kewaunee Green Bay & Western-First mtge___F.xe
1,000

Rate
%

See text
5,500,000
6g
5.000,000 V. t. C.
1,275,000
4g

When
Payable

73
Last Dividend Plates Where Interest and
Dividends are Payable
and Maturity

A &0 30 Apr 30 1916

A ee 0 Apr 1 1953
Oct 1911 coup last paid
150,000
4
F & A Aug 1 1927
Trees Off, Kan City. Mo
30,000,000
21,000,000 4 in 1914 Q-J Oct 1519141% Checks mailed
30.000,000
3 g A & 0 Apr 1 1950
New York Trust Co. N I'
16,750.000
5 g J & J Apr 1 1950
do
do
1,302.000
5g
To Dec 15 1924 Blair & Co, New York
1.200,000
33.094.000
4 g J & .1 Jan 1 1960
N Y Boston & Chicago
£1,000,000
5
J & J July 15 1916
Higginson & Co. London
2,500.000
6
J & J July 1 1916
Office 50 State St. Bost
3.302,000
434 J & 3 Sept 1 1934
See text
£1,231,000
434 g 3 & y Jan 1 1961
Morgan,Grenfell&Co.Loa
$1,524,600 See text See text Apr 1 1914 33•1 Office. 14 Wall St.,
NY
2.750.000
5
A & 0 Oct 1 1923
First Nat Bank, N Y
1,000,000 See text. A & 0 Apr 1 1899
55 William St. As earned
408.000
5
J & D June 1 1921
Office, 40 Wall St. NY

iffl 5.1 • • •
..
'
.
•
KANSAS CITY & MEMPHIS R Y.-Rogers to Siloam Springs. Ark.. 30
miles; Freeman to Monte Ne, 6 in.; total. 36 miles. Projected to extend
from Rogers. Ark., to Memphis, Tenn., 294 miles. Incorp. In Arkansas
Dec. 17 1910 and absorbed the Ark. Okla.& West. RR.and Monte Ne By.
In April 1911. V.92. p. 881. 1109; V.94. p. 207.
Trackage agreement over St. Louis & San Francisco to Fayetteville has
been extended to June 1 1915. V.99,p.608,969.
In July 1914 J. E. Felker and 0. C. Lisman of Rogers, Ark., and R.E.
Bright of Little Rock, were appointed receviers, the int. on 1300,000 bonds
due July 1 1914 being in default and there being a floating debt of about
$90,000. V. 99, p. 269, 538.
Committee for Ark. Okla. & West. 1st 6s.-Francis X. Quinn, Chairman;
Byron A. Milner. Secretary; Real Estate Trust Co.. Phila.. depositary.
Nearly all the bonds deposited. V. 99. p. 467. 816.
SECURITIES.-Stock authorized, 16,000,000 at 115,000 per mile, held
In voting trust, one trustee to be nominated by co., one by Kansas City Sou.
and one by F. J. Lisman & Co.; par $100. The 50-yr. gold 5s (16,000,000
authorized issue) are issuable at 518.000 per mile, of which 115.000 for
construction and equipment and 13,000 reserved for betterments when the
earnings during one fiscal year have equaled 150% of the interest on the
outstanding bonds. Of the bonds $300,000 are reserved to retire the
8300.000 Ark. Okla. & West. 68 (V. 86. p. 107). In April 1911 1540,000
Series A bonds were sold to F. J. Lisman & Co. of New York against the
36 miles owned and the 20 miles under construction to Fayetteville, the
Series A bonds being additionally secured by a traffic contract with the
Kansas City Southern,giving the company 20% of the gross revenue received
on business Interchanged; Series "A" bonds will also cover the line between
Fayetteville and Huntsville, if built within 5 years. Cumulative sinkinfr
fund of 34 of 1% commences with 1916. V.92. p. 881. 1109. Equipment
trusts are in default. V. 99, p. 538.
EARNINGS.-Year ending June 30 1913, gross. $68,809; net, $26,755;
other income. $4,500; 20% of K. C. Southern gross earnings. 115,721; int..
taxes. &c.. $45.640: bal.. sur.. $1.336.
Pres. and Gen. Mgr. Geo. D. Locke; V.-Ps., J. W. Walker and A. L
Williams; Sec. and Ti4aa., W. B. Felker; Asst. Seo., William Goodman.
Office. Rogers, Ark.; N. Y. office, 30 Broad St.-(V 99. p. 816. 969.)
(THE) KANSAS CITY MEXICO & ORIENT RR.-Road 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. 180 miles, connecting there, as well as at Chihuahua. Mex.. with
Mexican lines for Mexico City. In oper. June 30 1913. 962.72 miles, viz.:
Owned (incl. K.C. M. & 0. Ry. of Texas. 477 m.. Securities Owned), Mites.
Wichita, Kan., to Alpine, Tex. (except trackage St. Louis & San
Francisco RR.. Foley to Ewing, Okla., 12.78 miles
736.52
Marquez. Mex.. to Tobalaopa
Mimics to Sanchez, Mex.(74.28 nl.); El Fuerte to Topolobampo. 86.77
62.23 miles)
138.51
Mochis. Mex.. to Mochis Junction, Mex
2.92
ORGANIZATION.-Incorporated in Kansas on July 7 1914 as successor
to the Railway of the same name foreclosed
per
plan
V.
98,
p.
1244,
1845.
V. 99, p. 119; V. 98, p. 1920.
Committees for Securities of Old (Foreclosed) Properties.
Committee for 1st M. 50-Year 45.-Lord Monson
(Chairman); Harry
Hoffman. 37 Wall St.• Sec.; Columbia Trust
N. Y. and Glyn-,
Mills, Currie & Co., London. depositaries. Of Co.,
the 121.409.000 in the
hands of the public, $19,545,000 had been deposited
in June 1914. V. 94.
p. 767. 911. 1566; V. 97, p. 443: V. 98. p. 763, 1244.
Committee for Construction Co. Stockhoteters.-John W. 1767.
Chairman;
Sec.. Calvert Brewer; U. S. Mtge. & Tr. Co., N. Y.. and Flatten.
Glyn. Mills. Currie
& Co.. London. depositaries. V. 94. p. 767. 1057. 1383;
Securities.-In July 1914 authority was given to issue V. 96. p. 716.
$20,000,000 stock
(limit of issue, $45,000,000) and $6,000,000 2-year 6% gold
notes,secured
by $31,000,000 new bonds entitled to interest, non-cumulative
only if
earned, for first 5 years. V. 99, p. 196, 748.
The aforesaid note issue replaces the temporary issue of 86,000,0006%
2-year notes (15,500,000 sold) announced in April 1914 (V. 98, p. 1244,
1845). This issue. it was stated, would provide for preferential accounts.
The proportion of the sale price attributable to the non-depositing
bondholders, &c., and provide for improvements. The trustees
(Executors
& Securities Ins. Corp., Ltd., London,and the Col.-Knick. Tr..Co., N.Y.)
will retain the amount required to meet the 2 years' interest on the notes.
In Sept. 1914 it was decided to apply for authority to issue $1,458,000
bonds on the line between Alpine, Tex., to Girvin on a valuation of $16,000
per mile, construction to begin as soon as possible. V. 99, p. 894.
When the receivership is terminated, the committee will present a reorganization plan to the bondholders, but it is not proposed at present
to
reorganize the Mexican properties. Out of the first moneys receivable under any such plan, sufficient will be retained to re-pay the present note
issue. Noteholders will be given a preferential right to an allotment of
any prior lien bonds contemplated and to tender their notes in payment
of any privileges and assessments under the plan.
Provision will be made for the completion of the line from Wichita to
Kansas City. 207.99 miles, of which 54 have been granted.
EARNINGS.-The gross earnings in the United States for the year ended
June 30 1913 for the line, which was operated in disjointed sections by receivers, were $1,898,968.
Estimate by Experts Kendrick and Coverdale for Line Kansas City to Alpine.
1st Year. 2d Year. 3c1 Year. 4th Year. 5th Year.
Gross earnings-35,370,000 85,800,000 86,216.000 $6,682,000 $7,217,000
Net earnings_ _
1,290.000 1.450,000 1.600,000 1,738,000 1,880,000
BONDS.-See V. 78. p. 102: V. 81. p. 1411; V. 87, P. 37,
508; V. 91.
p. 38, 94, 1025; V. 94. p. 350.

OFFICERS.-President, Edward Dickinson, Kansas City, Mo.; Treas.
Wm.Lee Karnes; Auditor, Neal S. Doran.
Office, 10th St. and
Kansas City.-(V. 98. p. 1767. 1845, 1920; V. 99, p. 196.Baltimore.
538, 748,

Ave.,

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. & Or. By. west of Kansas City, Kan., with all
the other lines entering
Kansas City, Kan.. and Kansas City, Mo., main line
(double track) about
8 miles; uncompleted in 1912. V. 75, p. 184; V. 76, p. 331: V.80.
p.871.
Bondholders protective committee (John W. Platten. Chairman;
Calvert
Brewer, Sec.; U. S. Mtge. & Trust Co., depositary.) V.
95, p. 420. 480.
968. In Nov. 1912 applied to issue receivers certifs. V.
95, p. 1472.
KANSAS CITY SHREVEPORT
GULF TERMINAL CO.-Ownsunion
depot at Shreveport, La including&1.16
miles of yard and terminal track.
Stook, $150.000, all owned by Kansas City Southern
fly. Bonds, Pioneer
Trust Co.. Kansas City, trustee. Year ending June 301914.
gross. $30,355;
net. 18,257; int. & tax.. $7,133; bal.. sur.. $1,124. Office. Kan.
City, Mo.
KANSAS CITY SOUTHERN RY.-(see map.)-Operates a line extending from Kansas City, Mo.. to Port Arthur. Tex.. thence by its ship
canal.
7 m., to deep water on Gulf of Mexico, with branches and extensive
le
ers.
minals used by various roads entering KansasCity. Total mileage 827,;
viz.:
Lines OwnedMiles. Lines OwnedKansas City. Mo.. to Belt June__ 12 Branches to Fort Smith.
Be
Grand View, Mo.. to Port ArQuincy. La
39
thur. Texas
765 Trackage-To Grand View, Mo-- 11
Also owns entire ;650.000 each of stock and bonds of Arkansas
Western
By., Waldron to Heavener, Ark., 32 miles, operated
also controls K. C. Shreve. & Gulf Terminal Co. V.83. p. 38.separately;
492.
ORGANIZATION.-A reorganization of Kan.C Pitts. & Gulf
RR..
foreclosed In 1900 per plan in V.69. p. 1012, 1062. V.73,P. 1356; V.
74. p.94.
V.80.p. 1971: V.81.p.559; V.84.p. 1366; V.88.P.375.
SECURITIES.-As to the 121,000.000 "ref. and imp." bonds
1909,
see V. 88. P. 1128. 1253, 1437: V. 89. p. 104; V. 90, p. 167; V. 92.of
p. 322.
395, 461. 795; V. 95, p. 1472. Decision on Kansas City
Suburban
Belt
By. notes, V. 97. p. 1663; V. 98, p. 1459.
DIVIDENDS.-First div. on pref. stock. 4%, paid JuLy 1 1907 out of
earns. for 1908-07: Oct.. '1908 to Oct. 1914. 4% (Q.-J.).
LATEST EARNINGS.
1%,1914
-J
Gross, $2,690,074; net, 1992.960
3 mos., July 1 to Sept. 30. 11913
Gross, 2.600,849; net, 995,582
REPORT for 1913-14 at length was in V. 99. P. 963. 981.
1913-14
1912-13
1911-12
T
oota
erlargro
tagss
exp
rec
egea
pts
110.993.454 $10,706,309 $9,272,859
6,910,3216,332,839
Net earnings
4,083,133
3.959,152
2,940,020
Total net income
4,257,496
4,127,134
3,089.192
Taxes
567,857
465,339
410.369
Interest on bonds, &c
1,765,743
1,708.928
1.544.851
Miscellaneous
198.447
306,661
248,022
Dividend on pref. stock (4%)
840,000
840.000
840,000
Balance, surplus
$885,449
$806,206
$45.950
DIRECTORS.-Chairman, L. F. Loree; Pres., J. A. Edson, Kansas
City, Mo.: Hermann Sielcken, J. A. Blair. W.'I'. Rosen. Andrew J. Miller,
W. G. Street, W. H. Williams, Arthur Turnbull. Samuel McRoberts, B. S.
Guinness and E. R. Bacon of New York; John J. Mitchell of Chicago: S. W.
Fordyce of St. Louis; Edward F. Swinney, Kansas City. Mo.: Secretary
Is
G. C. Hand. Office, 25 Broad St., N. Y.-(V. 99, p. 120, 963. 981.)
KANSAS CITY TERMINAL RY.-Is building a 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., Atch. Top.
& Santa Fe. Chic. Milw. & St. Paul, Chic. & Alton, St. Louis & San
Union Pacific, Wabash, Chic. Burl. & Quincy, Mo. Pic.. Missouri Fran.,
Kan. &
Tex., Kan. City Southern and Chic. Gt. Western,
will pay equally
any excess of fixed charges. V. 89. p. 1671. Totalwhich
to be about 188 miles
of main and industrial railroad trac.
4 local freight stations. Passenger,
freight and switching yards,&c.,and union
being opened Nov. 1 1914. V.89. p. 666,passenger station, the last-named
163; V. 90, p. 627, 698; V. 91.
p. 1386: V. 96, p. 135; V. 98. p. 1244:
V. 99, p. 1130.
Ofthe 1st 48($50.000.000 auth.).$2,500,000
are reserved to retire Kansas
City Belt bonds and $14.406,000
for additions and Improvements. V. 90.
p. 559,627: V.91.p. 1386: V.92,
p.
395;
V.93.
p. 164; V.96, p. 135,202
V. 98, p. 1244. 1316.
In July 1913 £1,000,000 3-year 5% notes were sold, secured
by deposit of
16,667.000 Mt 45, redeemable as a whole
in blocks of not less than
e200,000 on any int. date at 101 and int. or
V. 97. p. 49.
Pres.. Herbert H. Adams: Sec., C. C. Ripley:
-(V. 97,p. 49; V. 98, p. 1244. 1316; V. N. p.Treas., E. F. SwInneY•
1130.)
KANSAS CITY VIADUCT & TERMINAL R Y.-Company
owns and
operates an elevated railway and highway
viaduct from Bluff and 6th Sm.,
Kansas City, Mo., to Minnesota Ave. and
St., Kansas City. Kan.,
with branch viaduct to interlying railroad 4th
and
manufacturing districts.
Main structure completed 1907. 1.6 miles. V.82,p.
160; V.84,p.271,931.
STOCK.-Stock outstanding, $3.447.700 (par
5100).-(V.94,P. 416.)
BONDS.-Standard Tr. Co., N.Y., and Fidelity Tr.
trustees. July 1909 to Jan. 1911 coupons funded into Co., Kansas City.
cumulative income
bonds. V. 90. p. 1101: V. 92. p. 1564.
Protective Committee.-In Jan. 1911 over 75%
of the 1st 4145 and income
bonds had been deposited with a committee
Chairman; Standard Trust Co. of N. Y.. (Richard C. Story of Boston.
depositary). V. 92, p. 187; V.
96E
, p. 285; o
Vs
..9
6,Fpe.r ly7e7ar
2.
ending June 30 1910. gross.
$75,454: not. $58,936; bond int., 1149.040; taxes. $9,374; sundry
accts., $708; Bk. fd. $4,52;
bal.. def.. $106,712. Pres.. J. W.
Treas., H. S. Corwin:
In 1910-11 (746 average miles): Gross earnings. $1.848,479; total net in- Howard Ross.-(V. 93. p. 1599; V.Reinhart;
94. p. 416; V. 96. p. 285, 1172.) ets.
come,$47.241: taxes,$66,362: joint facilities,$11.358; int. on equip.trusts,
KENTUCKY & INDIANA TERMINAL
$75,373; other int..$39.266; bal.,def.,$145,118.
RR.-Owns 2-track
bridge over Ohio River at Louisville
and 18.44 miles main track steel
and




74

Miles Date
RAILROAD COMPANIES.
Road Bonds
(For abbreviations, ,tc., see notes onfirst page]
gold
mortgage
-First
1073 1913
Pembroke
Kingston &
Knoxville & Ohio-See Southern By. red
105
-...z
41 1904
g
M
$1.000.000
Ry-lst
SE
&
Crosse
La
gu 4% div
Lackaw RR of N J-Stk auth 112.000.000
Pere Marquette RR.
Lake Erie & Detroit River-See
rental guaranty
Lake Erie & Pittsburg-Stockguar
__ _ ____G.x0•4r•
28 1911
First mtge $15,000,000 gold
pm
710 ____
Lake Erie & Western-Common stock OOOOOOO
per mile)_ _
($20.000
710 _.__
(not
cum)
6%
stock
Preferred
710 1887
let M (810.000 per mile, see V 46, p 45) g--Ce.xc*
71CI 1891
2d M (V 54.9 444)83.625,000 (85,000 pm)gCe.xc*
ock
Lake Shore & Michigan Southern-St
------_
• Guaranteed 10% stock (Michigan South & Nor Ind)
Us.xc•4r
826 1897
• First mortgage $50.000,000 gold
- 1903
Bonds (secured by M) $50.000,000 gold _(i.xc• dcr
$50,000,000 gold___Gxc•der
1906
ao
•
do
37 1890
Kalamazoo & White Pigeon flrst M assum_Un.xc
--- 1914
One-year notes (interest discounted in advance__
do
do
do
--- 1914
do
do
Guaranteed Securities-.
41 1889
• Battle Cr & Stur 1st 11 gold guar p de I (see 31 Cent)
29 1889
Sturgis Goshen & St Louis 1st Id gold p & I guar__z
58 ___
• Kalamazoo Allegan & Or Rapids stock rental guarUn.c
58 1888
First mortgage guaranteed
•
26 ____
Erie di Kalamazoo (leased) stock Toledo to Palmyra
• Jamestown Franklin & Clearfield stk rental guar_
0.XC.ecr
1909
1st II 125,000.000 auth guar
•
Cleveland Short Line By stock rental guaranteed..-10 --- 1911
Oxcs&r
First mortgage gold guaranteed
26 _
Lake Erie & Pittsburgh stock rental guaranteed__
(ixc*4r
1§ii
• First mortgage guaranteed
71 ____
Lake Shore System-Mahoning Coal RR-Stock-.__
71 _ .__
Preferred stock (see text)
41
p
(end)_ _ Un.zc
68 1884
First M Youngs to And 40 guar
24 1911
Lake Super & IshiL--lst M $1,400,000 ser red 101.xc•
16 1901
1500.000s f beg 1905
Lake Tahoe Ry & Tr Co-lst Mg
8 1905
Lansing Manufacturers-let M serial interest rental
Ry-See
&
Colorado
Peak
Pacific
Wyom
ing &
Hahn's
Laramie
1st M g gu_ -__FP
-- 1906
Las Vegas & Ton-Built & Gold!
2d M (held by Las Vegas & Tonopah)
A New York Central holds $45.289.200 of this

Amount
Outstanding

Par
Value
1.000

1.075,000

1,000

300.000
10,750.000

Rats
%

When
Payable

4

.1

5g
4

A

&

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

J Jan 1 1963

Owned by Can Pao By

La Crosse, Wise
& 0 Oct 1 1944
Q-J Oct 1 1914 1% Del Lack & Western RR

5
100 4,300,000
New York
434 g.7 & D June 1 1961
1.000 4c 4,300,000
100 11.840.000
Office. Gr Cent Ter. N Y
100 11.840.000 See text .7 & J Jan 15 1908 1% Chase
National Bk, N Y
5 g J & J Jan 1 1937
1.000 7,250.000
do
do
5 g J & J July 1 1941
1,000 3.625.000
100 449,466,500 181n1914 J & J July 29 '14. 6% Grand Cent Term, N Y
100
533,500 18 in1914 F & A Aug. 1 '14. 6%
June 1 1997
1,000 4c 50,000,000
334 g J &
4g M & S Sept 1 1928
1.000 4c 50,000.000
4 g M & N May 1 1931
1.000 4c 50,000,000
J & J Jan 1 1940
5
1,000
400,000
ab t20,000,000 None
None May 15 1915
E420.000 None. _____..._ Sept 5 1915
1.000

D

3 g J & I) Dec 1 1989
79,000
1,000
1,000
322,000
3 g .1 & I) Dec 1 1989
A & 0 Oct 1914
8
100
610,000
J & J July 1 1938
5
1,000
840,000
50
F & A Aug 1914, 5% Lincoln Nat Bank, N Y
10
300,000
N Y
100 2,995,500
5
Q-J Oct '14. 134% Grand Cent Term,
do
do
4 g .1 & D Tune 1 1959
1.000 4c 11.000.000
A & 0 Oct 1 1914
100 4.750.000
5
do and Lend
do
1.000 40 11,800,000
434 g A & 0 Ain 1 1961
5
100 2.150.000
D
June 1 1961
1.000 40 2.150.000
434 J &
50 1,500.000 See text. F & A Aug 1 '14 10% Grand Cent Term, N Y
J & J July 1 '14 2;4% Union Trust Co, N Y
50
5
661.367
do
do
J & J July 1 1934
5
1,000 1.500,000
6 g F & A Feb '15-Feb '31 Cit Say & Tr Co, Cleve
100 4c 1,100,000
Mem Trust Co. San Fran
5 g A & 0 Oct 1 1931
1,000
404,000
b g J & J July 1 1915-30 Union Trust Co. Detroit
75,000
1.000
Eastern By
Fidelity Trust Co, Phila
6 g .1 & J. Jan 1 1922
199,000
1,000
6

43.71 miles yard tracks and sidings in and about Louisville. Sou. By, Baltimore & Ohio and Chic. Ind. & Louisv. own the $75,000 capital stock, and
under new lease for 99 years from June 1 1910 pay monthly, in proportion
operations, rentals, taxes and interest.
to cars handled, any deficit inof
which £1,231,000, guar. by the three
Bonds. E2,000,000 auth. issue,retire
the $2,136.600 old bonds and for new
proprietary cos., were issued to
construction; remainder reserved for future purposes. V. 92, p. 187; V. 91.
p. 589,214. 38; V. 92, p. 261, 1032; V.93,9.469; V.95,p. 1403.
EARNINGS.-For year ending June 30 1914. gross, $362,917; oper. exp•
and taxes, $543,425; interest, $269,478; rents charged tenants, 6449,986.
Pres., H. W. Miller, Atlanta, Ga.; Sec., C. R. Arnold, Louisville; Treas..
H.D.Ormsby.-(V.95,P. 1403; V.97,P. 521.)
to Des
KEOKUK & DES MOINES RV.-Owns from Keokuk, Ia., Chicago
the
Moines, Ia., 162 miles. Leased for 45 years from Oct. 1 1878 toearnings
but
gross
the
of
25%
pays
lessee
The
Rock Island & Pacific By.
11.524.600
guarantees the int. (not the principal) on the bonds. Stock isheld
the
Is
by
which
of
majority
a
$100),
(par.
com.
$2.600.400
pref. and
lessee. Prof. entitled to share with common stock in any excess over 8%.
969.
p.609,
49.
p.
99,
V.
lease,
over
Suit
'12. '13. 1914.
DIVS.- 100. '01. '02. '03. '04. '05-'07.'08. '09.'10 toy'ly
334 Apr,3H
1 2 134 None 131 1 234
On pref., %.1 H 1
$179,565;
1910-11,
$176,993;
1911-12.
$187,074;
Rental: In 1912-13.
969.)
609,
1909-10, $173,709; 1908-09. $154,332.-(V. 99, p. 49,
across
bridge
MissIssIPP
-Owns
KEOKUK & HAMILTON BRIDGE CO.
user
River at Keokuk.Ia.,for railroads and foot-passengers. The present
p. 818
are the Toledo Peoria & Western and the Wabash. V. 95,
Regarding guaranty, see V. 95. p. 969: V.72. p. 821. Stock. $1,000.000
semi-ann.coupon
Par,$100. The bonds were originally 8% bonds,carrying
to tune
of $40 each, on which for many years payments were made from time
as income allowed, the second half of coupon No. 52, due Ap.11 1895, being
and
canceled
were
coupons
paid in Dec. 1912. Early in 1913 all the $40
new semi-annual coupons of $15 each were attached, which are also to be
1913.
April
in
paid
was
1
No.
coupon
New
permit.
taken up as earnings
No. 2 Sept. 1913: No. 3 Jan. 1914. No. 4 Aug. 1914. In May 1914 the
Keokuk & Hamilton Bondholders' Co. was incorp. In Dela. with $1,000,000
stock with a view to taking over the property. See plan, still pending, in
Oct. 1914, V. 99, p. 120.
EARNINGS.-Year ending June 30 1914, gross, $72,603; net, 933,937;
Interest. E30,000: taxes, $5.310. In 1912-13, gross, $72,603; net, $30,489;
other income,$23,529. Pres., Andrew Carnegie; Treas., Theodore Gilman,
55 William St., New York.-(v. 95, p. 818; V. 99, p. 120.)
KINGSTON & PEMBROKE RV.-Owns from Kingston, Ont.. Can., to
Renfrew on Canadian Pacific, 104 miles; branches,9 miles. Leased for 999
years from Jan. 1 1913 to the Canadian Pacific, which owned on June 30
1914, $1.130,350 pref. and $1.970,900 common stock and the $1,075,000
$233,333; net,
1st M. bonds. V. 77. p. 635, 1221. Year 1912.
$44,943; int., taxes, &c., $28,097: bal., Burp., $16,846.--(y.
gross,
94, p. 487;
V. 95, p. 176.)
LA CROSSE & SOUTHEASTERN R Y.-Owns La Crosse and Southeast40.81
miles:
Wis.,
La
Crosse and S. E. Jct. to
trackage
ern Jot to Viroqua.
Stock authorized 91 000,000;
La Crosse. 1.8 miles: total. 42.61 miles.
outstanding, $955,000: par,$100. Bonds,$1,000,000 auth.; issued $300,000, of which $100,000 in treasury; Wisconsin Trust & Security'Co. of
Milwaukee. trustee. V. 80. p. 222. Year ending June 30 1913 gross.
$81,243; net. $24.537: taxes ,Sz int.. $32.317; bal., def., $7 780 Pros.,
'GreenBa
John H. McMillan, Minneapolis, Minn.: V.-P., A. S. Cargill,
. S. J.
Wis ; Sec. & Treas., Jas. B. Taylor, Minneapolis, Minn.; and Aud,
Lennon, La Crosse, Wis. Office, 30034 Main St., La Crosse. Wis.(V. 80. p. 222.)
LACKAWANNA RR. OF NEW JERSEY,-(See D. L. & TV. Map.)Owns from Hopatcong, N. J., to a point near Portland, Pa., 27.44 miles,
for a guaranty of 4% on the
opened Dec.1911. D.L.& W.leases the road V.
90. p. 557: V. 88. p. 558;
stock. V. 93. p. 1324, 1786; V. 92, P. 656;
V. 86, p. 543. Stock outstanding, 110.750,000. was distributed in Dec.
1911 as a dividend to the D.L.& W.stockholders.-(V.93. p. 1786.)
construction from Lorain,
LAKE ERIE & PITTSBURGH RV.-Under
branch to Cleveland; total 120
O., to Youngstown. 91 miles, with 29-mile
a connection with Cleveat
Marcy.
between
m.
27.79
about
this
Of
miles.
Pennsylvania RR., was opened in
land Short Line By. and Brady Jct. on
by L. S. & M. S. and PennOct. 15 '11. V. 98. p. 1241. Jointly owned providing
for interest and 5%
sylvania Co., which lease the road, rental
In May 1911; outstanding,
on stock. Stock auth.. $6.000.000. as Increased
Issue), the first $5,000.000
84.300,000. Of the bonds ($15,000,000 auth.
$4.300,000 (which are guaranteed jointly)
are to be 434s, remaining 5s,construction,
being all owned Dec. 31 1913 by
having been issued to pay for
V.92, p. 1500. 1636; V.95. P. 680.
cos.
Pennsylvania
Lake Shore and
RR.-ROAD.-Owns Sandusky. 0.. to
LAKE ERIE & WESTERN Minster.
10 miles; branch. Indianapolis to
Peoria Ill., 413 miles; branch to
to Connersville and branch to RushMichigan City. 159 miles; Fort Wayne
Northern Ohio RR., Akron
leases
miles;
710
owned.
ville, 128 miles: total
total operated. 905 miles.
to Delphos, 162 miles; trackage, 33 miles;
600. Lake Shore & Mich.
p.
85,
V.
HISTORY,&C.-See V.50. p.590;
pref. stock. V. 71, P. 1269.
South. owns $5,940,000 COM. and $5,930,000
I'99. '00. '01-'03. '04. '05. '06. '07. '08. to '14
DIVIDENDS.none
2
2 4 yearly 3 3 3
%.( 0
On preferred
BONDS.-Guarantees $2,500.000 5s Northern Ohio, which see.
Gross, $3,579,821; net. $810,773
EARNINGS.-8 mos., (1914
Gross, 3,918,789; net, 709.667
11913
Jan. 1 to Aug. 31.
was in V. 98, . 1308.
1913
year
cal.
-For
REPORT.
ANNUAL
1912.
1913.
f. $543,751)
bonds..
on
__4543.750
Int.
$5,839,630
$5,934,643
revenue
Oper.
98,537
944,819 1,254,434 Other interest_ _ -- 95,324
Net income.._
209,442
131,215 Add'ns & bet'ts_
133.194
Rentals
3,239
216,061
def.
Balance
268,251
Hire equip.,&c. 388,612
-V.94, p.826, 1049; V.96,9. 790,940; V.98,0. 1071, 1308.)




[VOL. xcpc.

RAILWAY STOCKS AND BONDS

LAKE SHORE & M CHIGAN SOUTHERN RV.-(See Maps New York
Central.)-Buffalo to Chicago with branches, 550 miles. Has double track.
Miles.
Miles.
as
e
o.).
Road owned dtredly.
515 Jamestown Franklin & Clearf'd• 123
Buffalo to Chicago
334 Mahonlog Coal RR
71
Sundry branches
Erie & Kalamazoo (26 miles) Text
Entire stock owned.
25 Detroit Hillsdale &S W
•65
Detroit & Chicago
•98
51 Fort Wayne & Jackson
Detroit Monroe &Toledo
37 Detroit Toledo & Milwaukee__ _
47
Kalamazoo & White Pigeon
7
61 Battle Creek & Sturgis
Northern Central Michigan
•20
29 Cleveland Short Line
Sturgis G & St Louis
12 Lake Erie Alliance & Wheeling_ 88
Elkhart & Western
22
58 Erie & Kalamazoo RR
Kalamazoo A. & G. R
190
Trackage
miles)
1.108
1,853
which
(of
owned.
Grand total over. Jan. 1 1914
Also controls N. Y. Chic. & St. Louis RR. and operates Dunkirk Allegheny Valley & Pittsburgh. V.73. p. 663.
Owns entire stock of Chic. Indiana & So. RR., which see.
ORGANIZATION, 4c.-A consolidation on Aug. 16 1869. In 1898-99
145.289,200 of the capital stock was purchased by the N. Y. C. & H. R.
RR., which gave in exchange Its 3)4 V. bonds at the rate of $200 in bonds
for $100 in stock. V. 66. p. 288; V.69, p. 1237. Over 75% of the holders
of the N. Y. Central collat. trust 3348 having consented to consolidation
with that Co. and other subsidiaries under name of "The New York Central RR. Co.;" the stockholders of that Co. on July 20 1914, approved the
same and those of the Lake Shore on Sept. 11. In Oct. 1914 the Co.
arranged to purchase $1,500,000 of the :$4,706,900 minority Lake Shore
stock, at a price netting the stockholders $500 per share; ,the remaining
minority stockholders will receive 500% in stock of consolidated Co. See
N. Y. Central. V. 93, p. 1787; V. 96, p. 1424. 1244, 1393, 1694. 1695;
V. 99, p. 270. 343, 467. 538, 748, 1130, 1214.
by ownership of
New York Chicago & St. Louis road has been controlled of
Its common,
stock since 1882, Lake Shore now owning $6.240,000
of Its first preferred stock.
$6.275,000 of its second preferred and $2,503,000
RR.
Coal
(see Lake
Mahoning
the
leases
and
controls
also
The company
proprietary lines)
Shore "System" below) and owns (besides entire stock ofof the $47.056.300
$14,994.250 Pittsburgh & Lake Erie stock; $30,207.700
also $5,940.000 of the
Cleve. Ctn. Chicago & St. Louis common stock;
$11,840,000 Lake Erie &
$11,840.000 common and $5,930,000 of the
82. p. 749.
V.
870;
p.
72.
V.
1269;
p.
71.
V.
preferred.
Western
& Ohio Central (441
In March 1910 acquired all the stock of the Toledo
Hocking Valley, and owns
miles) which had been held in the interest of the(89
V. 90. p. 771.
miles).
Western
&
Zanesville
of
all the bonds and stock
Court having on March 14 1914
849. 977. 1045; V.91. p. 1095. The lower
by
Ches.& Ohio
By.
the
Michigan
&
Kanawha
the
of
control
joint
held the
of $8,058,400 of its
and Lake Shore & Mich. Southern by ownership
Ohio Central By. has agreed to
$9,000,000 stock to be illegal, the Toledo &the
Ches. & Ohio at par, as of
purchase the $4,029,200 stock owned by
to be paid in cash and reJune 1 1914,with int,from that date, $2,000,000
note
due Sept. 11915, guaransecured
Central
Ohio
&
Toledo
mainder in
V.98, p. 912, 1539.
teed by Lake Shore & Mich. So. Ry. V.99, p. 1052.
Also owned Jan. 1 1913 half of the 160,665.000 Reading Co.stock acquirefirst pref.. $14.
interests,
viz.:
-Vanderbilt
$6,065,000
by the Pennsylvania
265,000 2d pref. and $10,002.500 corn, the other half held by Balt. & Ohio.
Dec. 31 '13, reLake
owned
&
Erie
Pittsb.
and
Sou.
Mich.
&
Shore
Lake
spectively, $1,505,600 and $1,505,800 stock of Pittsburgh McK. & Yough
DIVIDEND3.--r99 to '03. '04. '05. '06. '07. '08. '09. '10 to'14.
18 yr'ly.
12
14
8 12
8
8
j 7 yearly
1898. %
and
BOND8.-For $50.000.000 M.of 1897.see abstract. V.64, p.11132.
V. 66. p. 1140: V. 68. P. 1182: V. 73, p. 1264: V. 75. p. 290: V. 77, p. 2035.
1747.
p.
77.
V.
mortgage.
by
secured
Debenture 4s of 1903 are now
2035; V. 78, P. 48; V. 80, p. 1912; V. 98, p. 1244. 25-year 4% bonds of
1906 due in 1931 are also secured by mortgage. V. 84. p. 996 V. 90, P•
771: V.98.9. 1244. Guarantees $11.000,000.1amestown Franklin & Clearfield 4% bonds, Stc. See that co.
In May 1914 sold in London and Paris about 820.000.000 one-year notes
for refunding notes and improvements. V. 98, p. 1459. In Sept. 1914 issued .0120,000 one-year notes, to retire those dated Sept. 6 1913. V. 99.
p. 748. 816.
Jointly with four other roads covenants to pay $75,000.000 N. Y. Central
Lines car trusts of 1907, 1910. 1912 and 1913. the company's share aggregating Dec. 31 1913 $18,684,532. V. 85, p. 1492; V. 86. p. 168. 801, 803;
V. 88. p. 761; V. 90, p. 1677.
GUARANTIES.-Additional guaranties not shown above, see Chicago
Indiana & Southern, Detroit Hillsdale as S. W. and Ft. Wayne & Jackson.
Gross, $34,373,057: net, $8,852,249
EARNINGS.-8 mos., 11914
Gross, 40,065,723; net, 11.983,341
11913
Jan. 1 to Aug. 31.
ANNUAL REPORT for 1913 at length was in V.98. P. 1066.
Year ending Dec.
31-1.
1;853
1,i72
1.775
Miles operated
$57,941,920 $54,286,616 $48.360.997
Railroad revenue
17,093,279 14.212,105
13.481,276
Operating income (after taxes)
10.473,212 10.348.776 10,284,588
Other income
Gross corporate Income
Rentals of leased lines
Interest on bonds,&c
Other rents and miscellaneous
Dividends on guaranteed stock
Divs. on common stock (18%)

$23,954,488 $27,442.055 $24,496,693
$2.904,413 $2,663,239 $2.531,082
7.227,617
7,600,598
7.131,769
961.137
966,815
565,478
96,030
96,030
96,030
8,903.970
8.903,970
8,903,970

$3,488,340 $7.584,384 85.269.365
Balance, surplus
-(V. 98, p. 1694, 1767; V. 99, p. 342, 674, 748. 816, 1052. 1130.)
LAKE SHORE SYSTEM-MAHONINO t,0/41. RR.-Owns from Youngstown to Andover. 0., and branches. 71 miles. In Dec. 1907 purchased a
one-half interest in the Lake Erie & Eastern RR. in Youngstown, km

Cuyler
Truxten
CORTLAND

Mc an
REEVIILE\r
,
Dryden
Mills
illcbford

Kano
flornellsville •

4
Canisteo

•

HORSEHEADS

ELM

eres
Eldred

Genesee
-‘101,601
Harris

Co dereport•

Galeth

ceville
.oga
Snedekervill
le
Calllcoon

RAILWAY STOCKS

Morris Ru




Foot of
plane
Bodlnes

Nordmont
Eagle Mere
o•
Sonestow

ILLIA

ORT

Coebeton

Duebore
Satterfield

Monticello
Narrowsburg
-f•6°

0
.1

alls
Watson T

4.e.ce

015-

76

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations. &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

81,000
3 1893
Leavenworth Terminal Ry & Bridge-lst M g s f_Cex
100
Lehigh EC Hudson River-Stock $1,340.000
1,000
z
63 1887
Second mortgage gold
1,000
94 1890
Leh & Mud Ric gen M $3,000,000 g (see text)Ce.xe•
1,000
1907
x
Debentures $400,000 red 105 since Nov 1911
1.000
_ _ 1906
Equip trust certs gold due $40,000 yearly___PeP.xc
1.000
Lehigh & New England-lot M $1,000.000 g __FPx All 1895
1.000
20 1902
Northampton 1st M g called 105 Jan 1 1915
1.000
Lehigh & Delaware 1st M called 105 Jan 1 1915_
27 1904
1.000
196 1914
General mtge $15,000,000 g red 105__GuP.kc*
1,000
Equip tr ser A g gu red 10234 due $30,000 yrlyOuPx- _ _ 1908
1,000
ser B g gu red 10234 due $45,000 YrlyCniPx
do
-__ 1911
1.000
do ser C guar gold red 10234 $35.000 yrly-OuPx
--- 1913
1.000
do ser D due $40,000 yearly guar_ ____-PeP.xc*
-_- 1914
Lehigh Valley-Common stock $80.000,00050
50
Preferred stock 10% (V 79, p 151. 269)
___ ___-_
GP
1.000
First mortgage extended in gold in 1898_13P.xe&r
286 1868
1.000
Consolidated M1coup & reg $4,762.000 4 ms __xc&r1
1 1873
1.000
440.000.000 Jannuity 42.538.000 430-_FPxj 3171 1873
317 1903 1,000 &c
General consol mtge}$150,000,000 gold-GPxc*&z
do
do
317 1903 1,000 &c
1,000
_ _ 1905
see textEP.xc•&r
• Collateral trust bonds$19
1.000
• Equip trusts g due $250,000 s-a Series J_-_Usm.xe*
-:- 1907
Bonds of Controlled Properties•
1,000
Lehigh & N Y 1st M gold guar p & I__Mp.xc*&r
115 1895
1,000
L V Rail Way Co 1st M g gun & i (end)OP.xc*&r
495 1890
1,000
Lehigh & Lake Erie 1st M $3.000,000 gold
x
11 1907
1,000
Lehigh Val Term 1st M g guar P & i end_ _ Ce.xc*&r
28 1891
E
500 &c
Easton & Nor 1st M g guar by Leh Val_GP.xc*Scr
13 1895
1.000
Middlesex Valley 1st mtge $600,000 gold_ __Ce.zcs
29 1892
Pa & N Yean&RR-Cons gu (text) (end)__GP.xr
1,000
137 1888
100
Morris Canal consol stock 4% guaranteed perpetual
_ __ ____
100
Preferred stock 10% guaranteed perpetual
1,000
L V Coal Co 1st M $12,000.000 g s f not dr__xc*&r
-__ 1892
1.000
do
x
interest reduced
1892
do
x
1912
debentures
1,000
Delano L'd 1st M g gu s f (V 90, p 1617)__-_GP.x
-__ 1891
1.000
x
1887
Wyoming Valley Coal consol (now 1st mtge)

Leased in perpetuity for 40% of gross earnings to Lake Shore, which
Jan. 1 1914 owned $865.900 common and $399,500 preferred stock
DIVS.- 1 '92. '93. '94. '95 to '06. '07 to '09.'10.'11. '12 '13. 1914.
60 On common( 834 8 8 10 yearly 12 yearly 66 70 20 70
In 1914. Feb. and Aug., 10%; June, 40% extra.
The preferred stock certificates are 5% guaranteed and contain a clause
making them redeemable at par at option of company.
Year ending Dec. 31 1913. rental and other income. $1,274,481; surplus
over interest and 70% on corn, and 5% on pref.. $113.436.-(V.98.p.1767.)
LAKE SUPERIOR & ISHPEMING RV.-See page 141.
LANSING MANUFACTURERS' RR.-Leased to Mich. Cent. RR.
LARAMIE HAHN'S PEAK & PACIFIC RY.-See Colo. Wyo.& E. By.
LAS VEGAS & TONOPAH RR.-Owns Las Vegas, Nov., to Beatty,
116 miles. In Juno 1914 an arrangement was made with the BullfrogGoldfield RR.,under which the road between Beatty and Tonopah is to be
practically re-constructed. The Las Vegas & Tonopah RR., in return for
its guaranty of the $199,000 Bullfrog-Goldfield let M. bonds and transfer
of part of Its line between Beatty and Goldfield. receives 51% of the Bullfrog
company's stock ($1,640,000 as reduced), per plan. V.98, p. 1538. Stock
auth.,84,000,000; outstanding,$1,500,000; par $100. Working liabilities,
91,671,302. No bonds.
For year ending June 30 1914 (199 miles). gross. $194,883; net, $5,353;
taxes, 819,967. In 1912-13, gross, $196.713; net. 95,207; other income,
Pres., J. Ross
8500; interest, taxes, &c., 847,422; bal., def., $41,715. Pres.
Clark; Vice-Pros., C. A. Whittemore; Sec. & Treas., W. H.
Office, 583 Pacific Electric Bldg., Los Angeles, Cal.
BULLFROG-GOLDFIELD RR.-Beatty, Nev., to Goldfield, Nov. 0
miles. In June 1914 control was obtained by Las Vegas & Tonopah .KR.,
duplIc.ate lines being abandoned. See above; V. 99, p. 1536. Year 191314. gross, $84.972; oper. def., 86,333. In 1912-13, gross, $99,063; net,
86.247. In 1911-12. gross, $100.163; net. $795; other income, $7,136: Int.,
taxes, &c., 845.196; bal., def., $37,224.-(V. 98, p. 1918; V. 99, p. 1536.)
LEAVENWORTH TERMINAL RAILWAY & BR IDOE.-Owns highway and railroad bridge (opened Jan. 1 1894). 1.110 ft. long, over Missouri
River at Leavenworth, Kan., and valuable terminal property in that city.
In July 1910 .he Chicago Great Western acquired the entire stock. but does
not guarantee or assume bonds. V. 91. p. 214, 397. Kansas City St.
Joseph & C. B.(Chicago B. & Q.) and Chic. R. I. & P. use the bridge at an
annual rental of $16,000 each, under a 30-year contract from 1894. with
option of 30-year extension. Year 1913-14. gross. $54,639; net, $52.092;
Int. & taxes, $38,552; bal.. sun. $13.540. Stock. $600.000.-(V.91.11.397.)
LEHIGH & HUDSON RIVER RY.-Owns from Maybrook on Central
New England fly, to Belvidere, N. J., on the Penn. RR. 73.9 miles; and
from Phillipsburg, N. J., to Easton, Pa.. .70 miles; traciage, Penn. RR.,
Belvidere to Phillipsburg, 13.3 m.; D. L. & W. trackage, Andover Jet. to
Port Morris, N. J., 8.7 m.; total operated, 96.6 miles. V. 79. p. 269; V. 94,
p. 416. Dividends, 4% each, paid Dec. 20 1912 and 1913.
BONDS.-Of the 82.587.000 gen. mtge. bonds out. $1,062,000 are guar.
jointly, p. & I., by Central RR. of N. J. and Leh. Coal & Nay. Co. and
8165,000 are reserved to take up prior liens. V. 92. p. 595, 1701. See
form of guaranty, &c.,in V.67.p. 788; also V.85,p. 1513.
Gross, 81,318,333: net, $272,713
1913-14
EARNINGS.-9 mos.,(1913-14
Gross, 1,356,681; net, 414,824
July 1 to Mar. 31.
Surplus after charges, 54,615, against 8199,305 in 1912-13.
ANNUAL REPORT.-For years ending June 30. V. 97. p 1894.
Net. Other Inc. Charges. Div.(47;). Bal.,Sur.
Gross.
J'ne 30 Yr.
879,099
1913-14__81,774.792 $431,893 $5,096 8304,290 453.600
218,564
291,519
53,600
4,933
558,760
1912-13_ _ 1.849,435
Lewis A. Riley. Pres., Phila.. Pa.-(V. 97, P• 1894; V. 99, Isi• 5384
LEHIGH de NEW ENGLAND RR.-Operates road from Haute, Pa.,
to Campbell Hall, N. Y., 127 miles; liainesburg Jct., N. J.. to Edgewater,
N. J.. 60 miles: Bethlehem. Pa.. to Benders Jct., Pa., 19 miles; Bath. Pa.,
to Martin's Creek, Pa.. 18 miles, and branches, 70 miles: total, June 30
1914, 294 miles, of which 9 miles are leased and 100 miles operated under
trackage rights, leaving 185 miles owned. V. 95, p. 1403. Also merged
Panther Creek RR., Tamaqua to Nesquehoning, Pa. 21 miles, on Dec. 1
1913. V. 97, p. 1583, 1663. Extension building to datasauqua. Pa.. 5 m.
V. 98. p. 1845, 1920. Lehigh Coal & Nay. Co. owns control. V. 78, p.
1781. 1962; V.91, p. 1386. In Sept. 1913 the Govt. brought suit to separate road from Lehigh Coal & Nay. Co. and Cent. N.J. See Reading Co.
SECURITIES.-Stock auth., $7,500,000; outstanding, $4,615.000; par,
850. Dividends, 4% each, naid Dec. 31 1913 and June 30 1914.
Bands, &c.-Of the Gen. M. 5s of 1914 ($15,000,000 auth. Issue). $4,000,000 Series A were sold to retire 12,650,000 old bonds,called for payment
Oct. 1 1914 and Jan. 1 1915, and for additions and improvements. $1.000.000 were reserved to retire the 1st 5s of 1895 and $10,000,000 for future
purposes. V.99,p.49,674. The Lehigh Coal St Nay. Co.(V.91. p. 1386)
guarantees car trusts A and B. Ste. V. 86, p. 1343, 1409: V. 96. p. 63.
Gross, $458,605; net. $208,992
EARNINGS.-2 mos.,V 914
Gross, 278,967; net, 110.266
1913
July 1 to Aug. 31.
For 2 months of 1914. 96 miles, against 268.
REPORT.-For year ending June 30 1913, in V. 98, p. 152. In 1913-14
(294 miles). gross, $2,255,800; net, 5998,520; taxes. $43.126; other income,
$9,943; int., hire of equip.. &c.,$418,226; dividends (87.). $361.600; bal.,
cur., 8185,512. In 1912-13 (269 miles), grass, $1,793,785; net, $830,745:
taxes, $29,700. Pres., Samuel D. Warriner; V.-P. & Gen. Mgr.. Rollin H.
Wilbur; V.-P. & Gen. Counsel, Wm. Jay Turner; V.-P. & Sec., II. F.
Baker; Treas., Henry H. Pease.-(V. 99. p. 49. 674.)
LEH IGH VALLEY RR.-(See Map.)-Oper. July 1914, 1,444 miles,viz.:
143
Main Line (fee, or all stock owned). !Leased
45
446 Trackage Jersey City to Buffalo
Branches (fee or all stock own'd)_810 (2d track 595 miles)
HISTORY. ETC.-The Drexel-Morgan interests, It is understood, have
a preponderating voice in the management. A syndicate represented by
Kuhn. Loeb & Co. in July 1910 acquired a large interest. V.91. p. 278.




Rate
%

When
Payable

[Vol, XCIX.
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

Central Trust Co. N Y
5 g J & J Jan 1 1923
$600,000
NY
1,340,000 See text See text Dec 20 19134% Warwick.
1Iry Nat Bk,NY.and 1st
5 g J & 3 July 1 1917
164,000
Y
Bk,WarwIck,N
Nat
1920
1
July
J
5g J &
2,587.000
ming Nat Each Bk. NY
M & N July 1 1920
4
400,000
Philadelphia
'14-'16
1
Dec
D
&
J
g
434
80.000
437 Chestnut St. Phila
5 g J & 3 July 1 1945
1,000,000
do
do
5 g J & J Jan 1 1915
300.000
do
do
1915
1
Jan
J
J &
5
650.000
5 g J & .1 July 1 1954
4,000,000
S
&
Tr
Guar
D
Phila
Co,
1923
1
June
To
D
&
J
g
434
270.000
do
do
434 If & N To May 1 1926
520.000
do
480.000
434 F & A To Feb 1 1928 Penn do
Co for Ins, &c. Phil
600,000
434 M & S To Mch 1 1929
mailed
60.501.700 See text Q-.1 Oct 11'14,2M % Checks
do
do
Q-J Oct 11'14.234%
10
106.300
So 3d St, Phil
228
Office,
1948
1
4 g 3 & D June
5.000,000
do
do
10,400.000 4 M & 6 .3 & D Dec 1 1923
do
do
12.600,000 4 M & 6 J & D Irredeemable
NY
Co.
&
Morgan
P
1J
4 g XI & N May 1 2003
26.639.000
and company's office,
4M g M & N May 1 2003
10,000,000
Phila
St,
3o1
So
228
26
-Feb
'15
4 g F & A Feb
10,377.000
1.500,000
434 g If & S Mch'15-Sept'17 Philadelphia
Morgan & Co. NY.
4 g II & S Sept 1 1945
1 & Drexel Co,Phila.
434 g .1 & J July 1 1940
office, Phila
1957Company's
434 g 1.1 & S Mch 1
JPMorgan &Co, NY &Phil
5 g A de 0 Oct 1 1941
So 3d St. Phil
do
do
51.000
434 g 1.1 & N Nov 1 1935
do
do
5 g Al & N Nov 1 1942
200,000
Phila
RR.
Valley
Lehigh
1939
1
Apr
0
&
A
5
8.500.0004. 4p,
F & A Aug 6 '14. 2% Office. 228 S 3d St, Phila
See text
do
do
F de A Aug 6 '14. 5%
10
See text
. P Morgan & Co,NY,
5 g J & J Jan 1 1933
10.114,000
and Drexel& Co,Phil
4 g J & J Jan 1 1933
1,400.000
office, Phila
Company's
Mch
13
&
M
1962
1
4
7.500.000
Co's office. NY & Phila.
5 g J & 3 Jan 1 1932
1.082.000
Fidelity Tr Co. Phila.
J & 3 July 1 1917
6
200.000

2,000,000
15,000,000
3,000.000
10.000,000

The Lehigh-Buffalo Terminal Hy., all of whose securities will be owned.
was incorporated on Aug. 3 1914 to build a new passenger terminal at
Buffalo. V. 99, p. 467.
COAL PROPERTY.-The Lehigh Valley RR. Co. owns all the (81.965.000) stock of the Lehigh Valley Coal Co. (V. 81, p. 1726). Annual report
for 1911-12 In V.95. p. 477. Purchase in 1905 of Coxe Bros.. see "Bonds."
The Coal Co. shipped from collieries owned and controlled 7,877.390 tons
of anthracite coal in 1913-14, against 8.860,032 tons in 1912-13: total coal
and coke tonnage 1913-14 was 16,464.948.
In Jan. 1912 the Lehigh Valley Coal Sales Co. was incorporated. See
extra div. below and Lehigh Valley Coal Sales Co. under "Industrials."
V.94, p. 123; V. 92, p. 956; V. 95, p. 487. 478.
On Mar. 18 1914 the Govt. brought suit against the company and its subsidiaries and the Lehigh Valley Coal and Coal sales companies for alleged
violation of the anti-trust law and commodities clause of the Inter-State
commerce law. V. 98. p. 912, 1920.
STOCK.-In 1910 $20.166,900 new stock was subscribed for by stockholders at par to retire 2d M.75 due Sept. 1 1910. V.90. p. 1101, 1676.
DIVIDENDS.- .1.'92. '93. '94-03. '04. '05. '06. '07-10. 1911-13. 1914.
4 4 6 y'ly. 10 yrly Below
1
None
Since 1891 (%)____153$ 4
In Feb. 1912 also an extra cash dividend of 10%. applicable If desired to subscription for stock of new Leh. Val. Coal Sales Co. V.94. p.123.
In Jan. 1914,5% (semi-ann.); April. 2.34% (quar.); July and Oct.. 234%.
V. 97, p. 1823.
BONDS.-The gen. consol. mtge. of 1903 will secure $150.000,000 bonds
bearing not to exceed 5% int., 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 outst, fixed
obligations amounting to $94,130.000 (Incl.the coll, trust bonds 0( 1897 and
$2,000.000 coal trust ctfs. 01 1902. which were called for payment). on payment 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 are a perpetual
lien; the remaining 434.000.000 are issuable at not exceeding 82.000,000
a year, or such larger amounts as may be authorized by stockholders, beginning Jan. 1906, for acquisitions, terminals, coal properties. equipment, &o.
Old bonds may however, be extendecLif necessary.for not over two years.
Provision may be made at time of issue of bonds thereunder for right to convert into stock at pleasure of holder not over $25.000.000 at any one time
outstanding. In Dec. 1913 $26,639,0004s were outstanding and $10,000000 434s were sold for new equip. and Impts. and $13,000.000 4s are in the
treasury. V.97,p. 1823, 1898; V.98,p. 523; V. 99. p. 477; 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 security, V.81, p. 211.
The purchase of the stock of Coxe Bros. & Co. (42.910,150) and of the
Delaware Susquehanna & Schuylkill 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 with trustee. Bonds subject to call as a whole at
10234. beginning Aug. 1912. or in 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 Valley Rail Way Co.-Owned Buffalo, N. Y.,
to near Sayre, Pa., 175.16 miles, double track, and branches, 339.79 miles.
In all 514.95 m.. covered by $15,000.000 mtge. of 1890 but in 1903 and
the Lehigh &
1905 consolidated with other sub, cos. and in 1907 absorbed
Lake Erie. Stock. 111.745,000, all owned by Lehigh Valley RR. Mortgage
abstract, V. 51. p. 114; V. 77. P. 147, 972; V. 81, p. 784; V. 84, p. 1366.
Lehigh Valley RR. CO. of New Jersey.-Owned double-track road from
Phillipsburg, N. J., to Jersey City, and branches, with about 125 acres at
Jersey City and a large water front, &c. Total mileage. 122 miles. Stock
outstanding, $12,506,000. all owned by Lehigh Valley RR., which in 1914
leased it for 99 years. V. 77, p. 972; V.53. p.640,880; V.81, p. 784; V.83.
p. 703; V. 98, p. 1845. 1920.
Morris Canal,-Stock and bonds mostly owned by Lehigh Valley RR.
See Lssue Oct. 1912 and V. 92. P. 527. 1109; V. 93. p. 811, 1106; V. 94.P•
419; V. 95. p. 488; V. 97. p. 373.
Penn. & N. Y. Canal & RR.-Leased for 99 years from Dec. 1 1888 to
Lehigh Valley, which has assumed Its debt and owns all its stock. Consols
Include 44.000,000 55, 43,000.000 48. $1,500.000 434s. V.62. p. 050.
Seneca County Ry $500.000 gu. bds.; none sold June 1914. V.79. p. 1271
terLehigh & Lake Erie mortgage ($3,000,000) covers 11 m. double-track
part of the
minal road at Buffalo. V. Si, p. 211; V. 83. p. 702. Now a
817.818.
9.
87,
V.
312:
p.
85.
V.
1248;
P.
84,
V.
Lehigh Valley fly. Co.
Gross, 811,268,255; net, $3,590,214
EARNINGS.-3 mos.,(1914
Gross, 11,429,678; net, 3.671,985
11913
July 1 to Sept. 30.
ANNUAL REPORT.-Fiscal year ends June 30. The report for 19134Iwas given in V. 99. p. 462. 475. See also editorial, p. 442.
1911-12.
1912-13.
1913-14.
Revenue from operation818,492,683 820,385.389 $16,301.316
Coal freight revenue
15,026.684 16.339.749 14,591,240
Merchandise freight revenue
4.703.734
4,867.554
4,795.147
Passenger revenue
1,309,645
1.450,680
1.469,050
Mail, express, &c
539,783.564 $43.043,372 $36,905.935
$10,344,263 $12.208,137 $10,582.434
2.116,462
2,303,755
2,864,272
$13,208,535 514,511.892 812.698,896
Interest on bonds
13.308,428 83,127,360 $3,167,635
2,239.295
Lease other roads
2.239,295
2.212,420
153,927
Joint facilities-rents
167.063
210,322
325,019
Miscellaneous
216.346
420,704
10.630
Dividends on preferred stock (10)7._
10.630
10.630
6.050,170
Dividends on common stocks (10%).. 6,050.170
6.050.170
Total operating revenue
Net after taxes
Other income

5752.220
Balance, surplus
8995,860 $2.701.028
Pres., E. B. Thomas, 143 Liberty St., N. Y.; Vice-Presidents, J. A.
Middleton. T. N. Jarvis, L. D. Smith; Gen. Mgr., J. F. Maguire; Trees..

00T., 1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

77
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

Lehigh Valley-(Concluded)1906
Cons Real Est 1st M 52.600,000(V 83. p 702)__Usm
$1,000 In treasury
4
F & A Feb 1 1956
100
Lexington Union Station-Preferred stock (see text)$388,000
4
J & J July 1 1914 2% Office, Lexington. Ky
-1-i
1,000
Lime Rock-Consolidated refunding mortgage gold_x
400,000
4g J & J July 1 1929
Portland. Me
44 1.904
1.000 1.000,000 5 e NE & N Nov 1 1934
Litchfield & Madison-First mtge $1,000,000 gold_x
Central Tr Co, N Y
Little Falls & Dolgeville-See New York Central & Huds on Ely or RR
St
L_
_
&
50
PC
Little Miami-Stk original gu 8% 99 yrs
4.943.100
8 3-5 Q-M 10 Sept 10 '14 2 1-5 Office, Fosdick Bldg. Cin
___ ---50 4.313,150
Special guaranteed betterment stock ($5.000,000) _ _
4
do
do
Q-M 10 Sept10 19141%
1912
1,000 1.070.000
Ge neral mortgage $10,000,000
4
Farmers'Ln&TrCo. N Y
bd lc N Nov 1 1962
Mtn
&
Sou.
Little Rock & Hot Sp West-See St Louis Iron
32 ____
50 2,487.950
Little Schuylkill Nay RR & Coal-Stock (rental guar)
5 3 I & I July 15 '14 3
Office. 410 Walnut,Phila
81 1912
1.000
714.000
Live Oak Perry & Gulf RR-First mortgage
5
A & 0 June 1 1942
Safe Dep & Tr Co, Bait
155 1878
xe•
100 &c
268,703
7
F & A Aug 1 1918
Long Island-Second (now first) mortgage
U S Mtge & Trust Co.NY
156 1881
1.000 4.731,000 4 & 5 g
Consolidated mortgage (gold)(53.610,000 are 5s)Ce.v
Q-J July 1 1931
do &Lon
do
Ce.vc•
163 1888
1,000 3,000,000
General mortgage gold
4g
do
J & D June 1 1938
do
18921,000 1,494.000
Long Island RR M on ferry for $2.750,000 g _Ce.zc•
434 g M
do
Mch 1 1922
do
18
1.000
332,000
4g
Stewart Line mtge of 1932 for $500,000 gold_ __Ce
J & D June 1 1932
do
do
to
call_
subject
__z
_ 1894
1,000 a1,135,000
5g J ste D June 1 1934
Debenture ($1,500,000) gold not
do &Lon
do
-2 1880
1.000
125.000
New York & Flushing first mortgage assumed_ _Cez
6
Id & S Mch 1 1920
do
do
76 1888
1,000
600.000
Bkiyn &Mont 2dM assu BusSta to E'tp't & brsCe.ze•
5g
J & D June 1 1938
do
do
1.000
19 1887
Long Island & Flushing M gold assumed-Ce.vc*
650,000
5 g la & N May 1 1937
do
do
6 1893
1.000
New York Bay Extension 1st M ass $200,000
al00,000
5
J & J Jan 1 1943
do
do
21 1895
Montauk Extension $600,000 1st M assumed__ -z
1,000
a315,000
5
do
J & J Jan 1 1945
do
Usm.xc&r
316 1899
1.000 5.660,000
Unified M gold callable at 110
4g
do
Id & S Mch 1 1949
do
Refund mtge $45,000,000 gold gu p & I_ _ Ettore* &r
500 &c 24,008.000
316 1903
4g
BI & S Mch 1 1949
Am Nat Each Bk, N Y
Debentures $16,500,000 authorized
1909
12,247.957
4
J & D Dec 31 1919
Leased and Controlled Lines, Principal or Interest Guara nteed.
L I RR No Sh Br cons Di $1,425,000 fru p&I_Ce.ve•
1,000 al.262,000
30 1892
5g
Q-J Oct 1 1932
U S Mtge & Tr Co. N Y
N Y B & Man B 1st cons H 51,726,000 gold gu__Cev
1.000 a1,601,000
19 1885
5g
A & 0 Oct 1 1935
do
do
NY & Rock Beach 1st M $984.000 guar P &I-CC
1887
1.000
a883.000
5g
Id & S Sept 1 1927
do
do
PP &CI 1st and 2d ($96.000 seconds) guar
10'86-'91
1.000
436.000
434
Various 1926-1931
do
do
Lorain Ashland & Southern-lst M $2,000,000 g_x 7335 1913
1.000 1,500,000
5g
A & 0 Apr 1 1961
Columbia Trust Co. N Y
M $1,200,000
7355 1913
1.000
1,200,000
5
A & 0 Apr 1 1961
St Louis Union Trust Co
Lorain & West Virginia-1st M52.000,000 g___xc*&r
35 1906
1.000 2.000.000
5g J & J Jan 1 1963
Cit S & T Co, Clev & NY
Louisiana & Arkansas-Stock $7,000,000 authorized_
273 ___100 5.000,000 See text. Semi-an Sep 15'11
131% Checks mailed
First mortgage $7,000,000 gold (text)_ _ (3.xc°&r
273 1902
1,000 5.196,000
5g
M & S Sept 1 1927
Guaranty Trust Co. N Y
Equipment trusts due $3,000 semi-annually
1.000
51.000
6
M & N To Nov 1923
do
do
due 58.000 semi-annually
do
do
1913
1.000
144.000
6
A & 0 To Oct 1923
do
do
Louisiana & North West RR-Underlying M gold __x
1.000
35 1895
100,000
5 g J & J Jan 1 1945
McL
&
Seedy.
Co,
N Y
First mortgage $10,000,000 gold
111St.xe•
115 1905
1,000 2.150.000
5g
A & 0 Apr 1 1935
In default
a In hands of public: total issue shown in left-han d coin mm ba lance un der unified mtge.

-

1892

H. Baxter; Sec., D. G. Baird, 228 So. 3d St.. Philadelphia; Executive
Committee: Chairman, E. II Thomas; Geo. F. Baker. E. T. Stotesbury.
Win. P. Clyde, W.II. Moore and Daniel G. Reid.
Directors-Edward T. Stotesbury, W. R. Butler, Fred. M. Kirby.
Wm.II. Moore, Daniel G. Reid, E. S. Moore, Wm.P. Clyde, Abram Nesbitt, Geo. F. Baker. Henry B. Coxe, E. B. Smith, Morris L. Clothier.
(V. 98, p. 1244. 1845, 1920; V. 99, p. 462, 467. 475.)
LEXINGTON 5c EASTERN RY.-See Louisville & Nashville.
LEXINGTON (KY.) UNION STATION CO.-Owns passenger station.
Common stock, $15.000, owned equally by Louisv. & Nashv., Ches. &
Ohio and Lexington & Eastern. There has been authorized $500.000 of 4%
cumulative (non-voting) preferred stock,secured by mtge., and rentals paid
by above-named roads on basis of passenger ears. Pres., W. A. McDowell.
LIME ROCK RR.-Owns road in and around Rockland, Me.. 11 m.:
trackage. 1 m.; total. 12 m. Stock. 5450.000; controlled by the RocklandRockport Lime Co. of Maine (V. 92. p. 960). Div. In 1005-06. 5%; 190607 5%, of which :3% from accumulated surplus; 1907-08. 2 34%: 190/3-09
1909-10. 4341;1910-11, 331%; 1911-12, 235%; 1912-13, 431%
1 13-14. 131%. Year ending June 30 1914, gross, $72,019: net. $19,229
other income. $2,535; bond int., $16,000; div. (131%), 55.625; bal.. sur.
$139. Office, Rockland.-(V. 82. P. 1380.)
LITCHFIELD & MADISON R Y.-Owns Litchfield Jet. to Madison. III.,
44 m.; trackage. I en.; total. 45 m. Stork, common. $500,000: pref., 4%
non-cum., $500,000; par, $100. Car trusts June 30 1914, $129,286. Year
ending June 30 1914, gross. $221.698; net.571,105; other income,521,315:
int., rentals, &c., $72,514; bal., sur., $19,906. Pres., James Duncan,
Alton, Ill.-(V. 79. p. 1256.)
LITTLE KANAWHA RR.-Parkersburg, W. Va., to Owensport, 30.44
m. Stock. common. 5359,500; pref.. $150,000; par. $100. Controlled
by Pittsburgh & Lake Erie, Pennsylvania Co. and Balto. & Ohio, which
own $478,100 of the stock, the last-named operating the road as agent for
the owners. V. 86, p. 981; V. 82, P. 628; V. 86, p. 981. For year ending
June 30 1914, gross. $35,292; on. def. after taxes, 513,898; rentals, &e.,
$7,310; bal., def.. $21,208. Pres.. J. M. Schoonmaker, Pittsburgh;
Sec.-Treas., J. T. Blair, Pittsburgh.-(V. 98. p. 155.)

BONDS.-The refunding 4s of 1903 ($45.000,000 authorized issue) are secured by a lien on the entire road,subject to the $21,992.000 outstanding old
bonds, to retire which an equal amount is reserved; remainder, 524.008.000. guar. as to prin. and int. by the Penn. RR., were sold, the proceeds to
be used for various Improvements and additions in connection with the
Pennsylvania tunnels to and through New York City, principally for additional terminal facilities at Bay Ridge and Long Island City and for a doubletrack connection with the New Haven road, for additional freight and passenger terminals, tracks, equipment, and to retire old bonds. V. 78. 1:.•
583. 1549; V. 79, p. 2796; V.80. p. 1111; V.81. p. 211: V. 82. p. 868; V.92,
p. 527. Due Penna. RR, Oct. 1911 for advances $12.708,792. on account
of which 512,247.951 debentures out Dec. 311913. V. 93, p. 1022.
Equipment trusts Dec. 31 1913, $2,722.000; loans and bills payable.
514,141.286. Penn. Co. Dec. 31 1913 owned 11.400.0004% equip. certfs.
and Penn. RR.$722,000. In Oct. 1914 was autnorized to issue $1,000.000
5% equipment trusts, maturing in ten annual payments. V. 94,, p. 1130.
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, 52.005,918. 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 Pennsylvania RR. for advances aggregating $6,062,952 on account of various Improvements during 1905 to 1908. the remainder to cover additional Improvements. V. 89. P. 529, 1411; V. 90. p. 698. 1040; V. 93. p. 1022.
GUARANTIES.-In addition to guaranteed bonds In table above, guarantees 5% on $650,000 New York Brooklyn & Manhattan Beach pref. stock
as part rental; also 434% on 550.000 P. P. & So. Br. stock and 43.4% on
582.500 of the New York dc Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and interest, an authorized issue of 510,000.000 4 34% 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. 1157. No bds. sold to Dec.311012.
EARNINGS.-8 mos.,f 1914
Gross, 58,980,336; net, $2,356,836
Jan. 1 to Aug. 31. 11913
Gross, 8.998.455; net, 2,155,003
REPORT.-Report for calendar year 1913 was in V. 98. p. 1240.
LITTLE MIAMI RR.-(See Maps Pennsylvania RR.)-Owns Cincinnati,
1913.
1910.
1911.
1912.
O., to Springfield, 0., 84 m.; branch, Xenia, 0.. to Dayton, 0., 15 m.; Day$12,294.738 $11,186,656 510.517,751 59,779.116
ton. O.. to Ind. State line, 38 m.; leases Columbus & Xenia RR., Xenia, 0., Operating revenue
Net
(after
taxes)
2,692,220
_____
3,016,520
2,701.858
2.556.543
to Columbus, 0., 55 m.: Cin. St. Con. RR., 2 m.: Richmond & Miami RR.,
1913.
1912.
Indiana State line to Richmond, 4 m.: total, 199 miles.
Dcduc.(cond.)
$
LEASE.-On Dec. 1 1869 leased to Pittsburgh Cincinnati & St. Louis
income ___2,692,220 3,016,520 Joint facilities__ 415,807 362,625
(now Pittsburgh Cincinnati Chicago & St. Louis) for 99 years, renewable for- Oper.
359,635 365,864 Miscell. rents___ 293,663 294,503
ever. The Penna. RR. Co. Is a party to the contract and guarantees Its Rents, &c
Unfund'dsecurs.
Bond interest_ 2,455,257 2,465.040
faithful execution. Rental Is 8% on 54,943.100 original stock, 4%
and accounts.. 370,681 443,814 Other interest__ 434,380 283,414
terment stock and int. on debt. V 34. p. 51. 815; V. 86, p. 857. on betMiscellaneous __
33.756
33.874
BONDS.-The general 4s of 1912 (510,000.000 auth.
Gross income_3,422,537 3,826.198
& Safe Dep. Co. of Cincinnati, trustee) are to bear not issue; Cent. Trust
DeductTotal deduc__4,400,522 4.108,888
a first lien on the entire property. Of the bonds, over 4% int.. with
50-year, Lease other r'ds_ 674,887 605.6361 Balance, deficit_ 977.985 282,690
series A As,payable Nov.1 1962, were Issued to take up$1,070,000
5s maturing on Hire of equip.
92,812
63,796
that date and the remainder from time to time to pay forthe
betterments
Pres., Ralph Peters; Treas., James F. Fahnestock, Broad
approved, but none can be issued until all the special betterment when
Station.
stock Philadelphia.-(4. 98. p. 236, 690. 912, 1071. 1240; V. 99, p.St.
authorized under the lease has been issued. V.95, p.750
1130.)
V.96 p.420.
Lessee's report shows results to lessee: in 1908. loss, 1331*
$142
.
946'
in
1909
profit. 567.171: in 1910. profit. $79.646; in 1911. profit. $189,,539:
LORAIN ASHLAND & SOUTHERN RV.-Owns from Lorain to
. in 1912, Custaloga,
foss, $28,188: in 1913, loss, $142,190. Stock auth., $10,000,000.
67 miles, completed Oct. 1 1914. V. 99. p. 538. Stock authorized, $4,500,000; outstanding, $1.800.000: par, $100.
ning Dec. 1899 1-5% extra paid on common stock each Dec. andBeginJune
and with 1912 1-5% also in Sept., from surplus invested funds, making
BONDS.-Of the first 5s of 1913 ($2,000,000 auth.). the $1,50Q,000
dividend 83-5% yearly.-(V. 96. p. 360, 420: V. 99. P. 467. 969.)
underwritten by F. J. Lisman & Co. to complete the road, area first lien
LITTLE SCHUYLKILL NAVIGATION RR. & COAL.-Owns from Port on
the entire property; the $500,000 unissued are reserved for terminals.
Clinton to Tamanend and Ileevesdale. 31.44 miles; 2d track. 26.47 m.: total.
equipment, &c., when earnings are 135 times the interest on the
bonds
91.71 miles. Re-leased on Dec. 1 1896 to Phila. & Read. fly. for 999 years already outstanding and the Ohio P. S. Commission approve.
V.96.p.1297.
and rental reduced from 7% on stock to 5% gold from Jan. 1 1907
OFFICERS.-Pres., Joseph Ramsey Jr.; V.-Pres.. T. D. Rhodes, 30
DIVIDENDS.-) '04. '05. '06. '07. '08. '09. '10. '11. '12. '13 1914. Broad St., N. Y.-(V. 96, p. 1297. 1423; V. 99, p.
538.)
Since 1903
%I
5
534 5
534 53.4 5
535 5
535 5
534
LORAIN & WEST VIRGINIA RV.-Wellington to Lorain,O..30 miles,
Lessee pays taxes and organization expenses.-(V. 98. p. 1845.)
with branches. 5 m. Stock, 32,000.000, all outstanding;
par. $100. Dividend 1913-14, 1.6%. Formerly controlled by Wheeling & Lake
LIVE OAK PERRY & GULF RR.-Owned Live Oak to Econfenla, Fla.
Erie, but
62.85 miles; Mayo Jct. to Alton. Fla.. 14.41 m.: Murat Jct. to Murat, Fla; control relinquished in Oct. 1908, guaranty of bonds being canceled.
Op3.74 m.; total, 81 miles; extension Hampton Ridge, Fla., to Longbridge, erated in July 1914 by receiver of Wh.& L. E. under an operating contract.
15 m.. opened Nov. 1913. Stock auth., $2,000,000; outstanding $600,000; Bonds, $2,000.000 authorized. Citizens' Savings & Trust Co. of Clevepar, $100. Of the bonds ($900.000 authorized issue). 2714,000 were issued land, trustee. For year ending June 30 1914. gross, $327.437: net. $225.to retire $405,000 old bonds and reduce floating debt. For year ending 583; taxes, &c., $163,706: divs. (1.6%). $32,000: bal.. sur., $29,877.
In
June 30 1914, gross, $151,610; net, after taxes, $28,394. In 1912-13, 1912-13. gross, $245.017; net. $166,021; other income,$299. Pres.. II. W.
gross. $114,619; net, after taxes, $13.222; bond int.. &c., $40,949; bal., Seaman; Sec., W. M. Baldwin; Treas., J. R. Nutt.--(V. 87, p. 1160.)
def., $27,527. Pres., W. L. Roach; Vice-Pros, and Treas., J. H. Powell;
LOUISIANA & ARKANSAS RY.-Owns from Hope. Ark., to
Traffic Mgr., Sec. and Asst. Treas., It. Hopkins. Office, Live Oak.
Timm.
La., 188.92 miles: Packton to Wildsville Jct., La., 53.32 m.:
Minden. La..
LONG ISLAND RR.-Operates the steam surface roads of Long Island to Shreveport, 27.15 in.; trackage, Tioga
to Alexandria. La., 7.33 miles.
Mites.
OwnsLeases-(W
• hich see.)
trackage near Shreveport, La., 2.01 miles; total. 278.72 miles.
Long Island City to Greenport__ _ 95 N. Y. Bklyn. & Man. Bch.*
15 sion from WildsvhieJct.. La.,to Natchez. Miss., 25 m., under Also extenTrackageLong Island City to Montauk_ _ _ _115
V. 137. p.(.66; V. 93, p. 1726. Rock Island Co. uses 36 miles. construction.
Packton, La,,
Sundry branches
114 Penna. Tunnel & Terminal
4 to Pineville. La., under trackage contract, and St. Louis
Southwest. passenLeases (*which see)ger trains the Shreveport terminals under a 25-year lease.
V. 93, p. 527.
Nassau Electric RR
10
Total Dec.311013.399
DIVIDEND.-1906 to 1909. 3% yearly; 1910 and 1911.
North Shore Branch RIt
30 Open electrically (miles tr.)
188
2)4% yearly.
BONDS.-The unissued first 5s (total limited to
N. Y. & Rockaway Beach fly..,.. 12 Double track
132
57.000.000) are
Also owns, through the Long Island Consolidated Electrical Companies, for betterments, equipment and extensions, of which 51.000,000 reserved
reserved
tor
bridges
across Black and Red rivers, and the balance
the Huntington RR., Northport Traction, Nassau County fly., Glen Cove
limited to
RR.and Ocean Electric Hy., having combined mileage of 3234 m., incl. 1534 per mile of completed railroad. The entire amount outstanding,520.000
but no
nart,
is
subject
to
redemption at 110 and interest on any Interest
in.. Huntington to Amityville. opened Aug.26 1909, and a one-half interest
In N Y. & Long Island Traction Co., 35 m., and Long Island Electric fly., Beginning with Sept. 1907 a sinking fund of 555.000 per annum and date.
from
Dec.
1913
(first
payment
Dec.
2
27 in. V. 89, p. 598 V. 90, p. 1040. The Long Island trains began using
1913)
additional to buy bonds. If
possible, at 110 and interest, or under;320.000
the station and tunnel of the Penn. RR. in N. Y. City Sept. 8 1910.
otherwise, to be invested.
two months ending Aug. 31:
STOCK.-512,000,000, par $50 of which Penn. RR. owns 56,797.900.
Two MonthsGross.
Net,
Charges.
Bat..Sur.
DIVIDENDS.I '82. '83-'90. '91. '92. '93. '94. '95. '96.
None 1914
$336,539
$119,063
$57,825
Per cent
1 1 4 y'ly. 434 5
$61,238
5 434 4
4
since. 1913
296,430
110.820
55,979
54.841




RAILWAY STOCKS AND BONDS

78

[VOL. xcix.

Last Dividend Places Where Inters t and
When
Rate
Miles Date
Par
Amount
RAILROAD COMPANIES
%
Payable and Maturity
Road Bonds Value Outstanding
Dividends are Payable
(For abbreviations, &c., see notes on first page]
July
1
1953
J
J
&
g
(see
text)
_F.xc&r
434
$10,545,000
1903
342
gold
$1.000
-First
M
See text
Nay
&
Ry
Louisiana
R Winthrop & Co NY
b g If & S Mch 1 1950
250.000
500
45 1897
Ce.xc
Louisiana Southern-lst M g red at 105
S P Co. 120 B'way' N Y
6 g J & J July 1 1921
1,000 2,240.000
106 1881
Ce.zc•
Louisiana Western-First mortgage gold
100 1.500.0008 in 1914 Semi-an July 151914 4% Pittsburgh, Pa '
Louisville Bridge Co-Stock
Bk of Amer. NY:6c L MI
5 g .1 & 3 July 1 1946
500 2.500,000
182 1896
Louis" Hend 6t St Louis-1st M 32,500.000 gold_0.8
71 Bway. & Louls.Alle
S Sept 1915-22
4 yi M
240.000
1.000
_-- 1912
Ser A equip notes due $30,000 yrly (V 95. p 1472)_x
1945
J
P Morgan & Co, N y
Mch
1
S
M
&
4
g
4.500,000
1,000
1895
___
__xc•
g
gu
p
&I
_
Bridge-35,000.000
Jeff
Louisville &
___ ____
100 72,000.0007 In 1914 F & A Aug 10 1914 334 71 Broadway New York
Louisville & Nashville-Stock $72,000.000 - -__ -,
do
6 g J & D Dec 1 1919
750.000
1,000
155 1879
' do
E 11 & N 1st M Bend to Nash g drawn 110__Ce.xc•
do
J & D June 1 1930
6
1,000 d3,551,000
803 1880
do
Louisville & Nast's,gen M gold drawn 110__Ce.gc•
do
1,000 3.258,000
176 1881
(1.xc•
do
434 g 1.1 & N Nov 1 1931
L t & Lex gen mtge gold (V 63. p 1010)
do
6 g M & S Mch 1 1920
e202.000
1,000
45 1880
do
Pensacola Div 1st M gold (drawn at 105) F.ze•
do
6 g J & 3 Jan 1 1930
do
1.000 b3.551.000
141 1880
New On & Mob Div 1st M N 0 to Mobile g_F.zc•
do
6 g J & J Jan 1 1930
1.000 1,000,000
do
141 1880
xc•
Second mortgage gold
do
do
1,000 3,500,000
6 g 31 & S Mch 1 1921
208 1881
xc•
Southeastern & St Louis Div first mtge gold
do
do
3 g M & S Mch 1 1980
1,000 82.997,000
208 1881
Second M gold East St Louis to Evansv & br_xc•
do
do
b g M & N May 1 1937
1.000 11.749,000
202 1887
First M (50-year 58) $15.000 per mile gold_ _ Ijsotc•
do
Nov
I
1931
do
N
M
&
g
24.705.000
1,000
___
_F.gc•
b
1888
gold_
($7.000,000)
trust
collateral
First mtge
do
do
4 g J & J July 1 1940
Unified mortgage for $75,000,000 g__ _Ce.xe•6cr* Text 1890 1.000 &c h64.771,000
St Louis Tr Co. St Louis
617.000
1,000
5 g M & S Mch 1 1916
--_ 1891
St Louis property first mtge gold $650,000_ _SSt.xc
New
York
71
Broadway,
Sept
1
1945
S
M
&
434
g
4.000.000
1.000
1895
179
$5.000,000
g-Ce.xe
mobile & Montgomery joint M
do
do
6 g F & A Aug 1 1921
1.000 1,685.000
160 1881
Pen & At first mortgage gold drawn assumed.__xc•
do
do
6 g M & S Sept 1 1931
942.000
1,000
10 1881
Henderson Bridge Co 1st M gold drawn 105_Ce.xc•
do
do
b g F & A Aug 1 1937
1,000 1.996,000
105 1887
Nashv Flor & Shelf 1st M g assumed in 1900_Ce.ze
do
do
4 g F & A Feb 1 1946
1,000 r4,619.000
254 1896
Paducah & Mem Div 1st M $5,000.000 gold_ Ba.xc•
do
do
Aug
1
1936
F
&
A
b
g
t9,292,000
1,000
1886
202
1204,
glICe.xe*
M
(V
97,p
1426)g
Sou & Nor Ala 1st
do
do
5 g A & 0 Oct 1 1963
202 1913 1.000 &c 7.400.000
Gen cons M $25,000.000 g guar---_ Us.xc*&r*
do
do
434 g J & 3 July 1 1945
1,000 1,376,000
--- 1895
Newp &Cin Br 1st Mg 51 assum gu by Penn Co_F.x
J P Morgan & Co, N y
July 1 1952
4g
P
-- 1902 1.000 &c n5,882,500
L &N-Sort M $7.750,000 red 105 since'07_(1.xc•&r
5g F & A Feb 1 1935
32.000
1,000
1895
N .x.
Lexington & Eastern gen M gold
71 Broadway, New York
4 g J & J July 1 1987
1.000 j6,704,000
247 1887
Kentucky Central 1st M ($7.000,000) gold_ _M p.zc•
do
do
b g J & D Dec 1 1946
999,000
1.000
228 1896
Atlanta Knoxville & Northern first mtge gold_Ce.x
do
do
4 g M & S Mch I 2002
500.000
1.000
228 1902
AU Knoxv & Nor cense' M gold $10.000 p m-Us.x
do
do
May
1
1955
M
&
N
g
u24745.0004
&c
1.000
Us.xc•
6tr•
1905
870
M
$50,000,000_
_
&C
Div
N-Atl
K
L&
do
do
4 g J & D Dec 1 1952
1,000 2,500,000
--- 1902
L & N Term M $3,000,000 gold guar jointly _Ba.xc•
do
do
5 g J & 13 Dec '14-Jun '23
1,000 5.850.000
___ 1913
FL.xc*
Equipt certs g ser A due $325,000 s-a
Louisville.
s
&
napoll
Chicago
India
Louisville New Albany & Chicago-See
J & J July 1 1914 2% Office, 13 William St,NY
4
600.000
20
Lykens Valley-Stock-Rental pays 4%
No coupons ever paid
5 g J & J July 1 1946
500,000
1.000
97 1896
Macon & Birmingham-First M $500,000 g -0B.xc
New York Trust Co, N Y
J & J Jan 1 1947
5
g
1.505.000
1.000
93 1907
Macon Dublin & Say-1st M $1.840,000 g gu _ __N.xc•
A AMP,narnpel hly cr,l'Iv•IA_ v17... hS15.000 dill 5.000 e3.000 1315.0 00 g$424 .000 h$710, 000 j$38 000 n$15 .500 r$217.000 42708,000 u$772,900.
EPO RT.-For year ending' June 30 1913 In V. 97. p. 1353.
Balance.
Other Inc. Charges,&c.
Net.
Cross.
Year$199,476
$495,089
$41,663
$337,276
1913-14-_-$1,700.208
563.506
43,830
328,037
1912-13- __ 1,673.459
Pres.. Wm. Buchanan, Texarkana. Ark.-(V. 97. p. 950, 1353.)279.299
LOUISIANA & NORTH WEST RR.-Owns Magnolia, Ark.,to Natchitoches., La., 115 in.; trackage, Magnolia to McNeil. 6.4 m. On Aug.22
1913 Geo. W. Hunter was appointed receiver. V. 97, p. 521, 595.
Stock out, $2.300,000: par. $100. Of 1st 5s of 1905 ($10,000,000 auth.
Issue). $150.000 is reserved to retire the old bonds. V. 82, p. 628; V. 85.
p. 1462. For year ending June 30 1914, gross. $308,460; oper. def., $30,929. In 1912-13. gross, $331,128; net, $63.188; other income, $1,075; int..
taxes. &c.,$181,572; bal., def.,3117,309. Pres.& Treas., Geo. W.Hunter,
St. Louis; Sec.. John A. Richardson, Homer,La.-(V.97, p. 521, 595.)
LOUISIANA RY. & NAVIGATION CO.-Owns New Orleans to Shreveport. La.. 305.6 m.; Colfax to Winfield. 28 in.; Pineville to Bins. 834 m.;
Meneelys to end of track, 2.84 m. Stock auth., $12,000.000; outstanding
June 30 1914. $8.131.000; par. $100. First M. bonds (see table above) are
limited to $17,500,000 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 was
reserved for New (Means terminals. of which $2.414,000 Issued to Sept.
1913. See V.77,p.36,769. Bonds held by Pres. Edenborn to whom overdue interest is due. Decision, V. 95. p. 544. Car trusts outstanding,
Sept. 15 1914. none; loans and bills payable. $55,000.
1914
Gross, $342,382; net, $95,473
EARNINGS.-2 mos., 1)
Gross, 331,358; net, 69,536
1913
July 1 to Aug. 31.
ending
June
3
$1,971,718:
net, $426,118; other
year
1914,
gross,
For
Income, $13,120; charges, $734,122; bal., def., $294,883.
Pres., Wm.Edenborn. Hibernia Bldg., New Orleans; V. P., H.B. Helm,
and Treas.. G.0.Lilley, Shreveport, La.;Sec.,J.J. Tippin.-(V.95.p.544.)
LOUISIANA SOUTHERN RY.-Owns New Orleans, La., to Pointe-a-laBache, La., 45 miles. Incl. extension from Belair to Bohemia. 22 m.,
opened June 1912; Poydrasto Shell Beach, 16 m.: total, 67 miles. Steam
for freight and gasoline motor cars for passenger service. Leased to St.
Louts & San Francisco from Feb.1 1911 to Feb. 1 1923 for account of owners
under division of net earnings, with no obligation whatever by the St. L.
& S. F. A reorganization in 1897. In Jan. 1901 the United Railway &
Trading Co. of England acquired over 95% of the stock and bonds, that
company also owning the Kenilworth Sugar Estates, 10.000 acres. V. 76,
p 706. Stock. *300,000: par. $100. Dividends in 1900-01. 7%; 1901-02,
73,4%.:
'
1905-06. 434%. Year ending June 30 1914, gross, $147,020; net,
$21,938. In 1912-13, gross, $131,324; net. $25,359. Pres., E. A. Hopkins, New York; Sec., S. Gibbs, London, Eng. Office, New Orleans, La.
-(V. 95, p. 618.)
I' LOUISIANA WESTERN RR.-(See Map 0) southern Pacific)
from Lafayette, La., to Sabine River. 105 miles; Abbeville to Mamou,68 m.:
Mallard Jct. to Lake Arthur, 34 m.;
207 miles. Operated independently. Southern Pacific owns all the $3,360,000 stock. Dividend on
stock in 1905-06 and 1906-07. 10% yearly; In 1907-08. 85%; in 1908-09.
20%; 1909-10 and 1910-11, 15%; 1911-12, 10%; 1912-13. 10% In
1912-13, gross, $2,341,138; net income, $831,435: surplus after charges,
$599,397.
1911-12. gross. $1.973,315; net income. $561,624.-(V.74.
p. 268)
LOUISVILLE BRIDGE CO.-Owns bridge 5,294 feet long over=no
River at Louisville. Ky., and about 3 miles track In Louisville. Used by
P. C.C.& St. Louis By., &c. Penn. Co. Jan. 1914 owned $902,000 stock.
Diva. since 1902: 1903. 13% (V. 79. p. 2747; V. 78, p. 102): 1904.4%; 1905.
6%; 1906, 7%; 1907, 8%; 1908, 16%; 1909 to 1913, 8%; 1914, 8%.
For cal. year 1913, gross. $216,870; net. $152,238: other income. $1,468:
diva.(8%). $120,000; bal., stir., $33.707.-(V. 86, p. 285.)
LOUISVILLE HENDERSON & ST. LOUIS RY.-ROAD.-Loulsville
to Henderson. Ky., 144 miles (including 6 miles trackage); Irvington to
Fordsville. Ky.. 44 miles; L. & N. trackage. Henderson, Ky., to Evansville, Ind., 12 miles; total, 200 miles. Lousy. & Nashv. on June 30 1914
owned $1,452.591 of the $2,000,000 5% non-cum. pref. and $1,721,871 of
the $2,000,000 com. stock (par $100); a majority of the pref. deposited
with Bankers Trust Co. having in March 1913 accepted the offer of $38 per
sh. for their stock. V.81,p. 1100; V.94,p.207; V.95, p. 1274; V.96, p. 653.
EARNINGS.-12 mos., f1913-14____Gross, $1.371.797: net. $354,721
July 1 to June 30.
11912-13____Gross, 1,231,482; net, 202,068
Report for year ending June 30 1913 in V. 97. p• 1500, showed: Gross,
$1,231,483; net income, $164.106; charges, $237.725; bat, def.. $73.619.
'
Pres., Lucien J. Irwin.-(V. 96, P. 653; V. 97, p. 1426, 15000
LOUISVILLE & JEFFER SON V I LLE BRIDGE CO.-One-half mile long;
approaches 1 mile; 40 acres in Louisville 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, &c.; the bonds are guaranteed jointly and severally
by the Chesapeake & Ohio and Cleveland Cincinnati Chicago 6c St. Louis, in
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.-i•s•• Map.)-ROAD.-Operates
main line, Cincinnati, 0., to New Orleans. La. 921 m.; branches to St.
1914, 4,940 miles, viz.:
Louis, Memphis, &c., 4,019 m.; total, June 30 '
l220Miles.
Lines leased, &c.Lines owned absolutely or through
Mi
Miles. Other lines
capital stockfor other companies - 158
181
Louisville to Nashville
4,381
Sundry other lines
Reporting Separately (Making 7,507 Arles Owned and Associated July 11914.)
1
Louis_
__
_926 Other lines
St.
Chatt.
&
Nashville
571 Owned but leased to other cos__ _ 21
*Georgia Railroad System
do Paducah & Mem. Div_ _ -248
*Louisville Fiend. tit St. Louis_ _ _182
*Chic. Indianapolis & Louisville_618
* See separate statements for these companies.

total.

hi




/n Nov. 1911 acquired control jointly with the St. Louis & San Francisco
of the New Orleans Mobile & Chicago RR., 402m. See that Co. below.
In 1910-11 acquired practically all the securities of the Lexington & Eastern Ry., Lexington to Quicksand, Ky.. 96 miles, and extended the road
to McRoberts, 101 miles. V.91. p. 1447; V.92, p. 1701: V.95, p.898.
The stockholders voted Oct. 1 1913 to purchase the South & North Alabama RR.. 193 miles. V. 97. p. 729. 1287.
Control by Atlantic Coast Line.-Late In 1902 the Atlantic Coast Line RR.
acquired $30,600,000 of the (then) 360.000.000 stock, but the roads are
operated independently. V. 74. p. 830. 1038: V. 75. p. 733. 1399.
STOCK.-$12,000,000 new stock was offered to stockholders of record
Nov. 7 1912 at par. V. 95. p. 544. 968, 1123.
D/VS. I '94-'98. '99. '00. '01-'04. '05-07. 1908. '09. '10 to '13. 1914.
7
7 Y'IY
Since 18931 None 334 4 5 y'ly 6 y'ly 535 534
Also In Feb.19081% in Louisville Property Co.stock. V.86. p.229.421.
BONDS.-Ec.Rend. & Nash.6s are drawn at 110 annually In amounts increasing each 5 yrs. until $150.000 per year Is reached; 1914, 3110.000.
Pensacola Div. bonds are now called $20,000 yearly. V. 81. p. 265, 726.
The general mortgage bonds of 1880 are called at 110 in Increasing amounts
each year; $587.000 were paid June 1 1914. V. 98. P. 999.
In June 1890 the "unified" mortgage (trustee, Central Trust Co.) for
$75,000,000 was authorized, $41.917,660 bonds being reserved to retire
all prior liens (none of the prior liens can be extended), the balance for
improvements, extensions (at the rate of $32,000 per mile, Including equipment), and for other purposes. The mortgage covers (besides 1,994 miles
of road and equipment), $26.473,606 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 1914 company
reported $64.953.000 outstanding, of which $165,000 in treasury and
$17,000 in sinking funds. V. 96, p. 1489.
Mobile & Montgomery-Louisville & Nashville joint mortgage Is for
35,000,000: 31,000.000 reserved for improvements. V. 61. p 196, 750.
Kentucky Central mtge. abstract, V. 45, p. 372. South & North Alabama
Improvement 5s, due .Aug. 1 1936. $1.920,000 authorized, are owned.
Louisville & Nashville Terminal 43.-Jointly guaranteed, prin. and int.,
by L. & N. and Nashv. Chatt. & St. L. See form, V. 88. p. 1313.
In 1902 the Louisville & Nashville and the Southern Ry. acquired $9,796,900 of the $10,500,000 Chic. Indianapolis & Louisv. common and
$3,873,400 of the 35,000.000 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 remaining "Monon" stock and $2,110,000 for impts.,&c., $500,000 yearly.
The Atlanta Knoxville & Cincinnati division 4s ($50,000,000 authorized)
cover 870 miles. Of the bonds, an equal amount will be reserved to retire
at maturity underlying bonds, viz,: Kentucky Central 4s, $6,742,000:
Atlanta Knoxv. & North. bonds, $1,500,000. The line from Livingston to
Jellico, 61 miles, Is subject to prior lien of unified mtge. V. 80, p. 872; V.
84.9. 1428; V.92. p. 1178, 1311, 1565; V. 96. p. 716. 1022.
Of the South & North Alabama RR.general consol. 5s($25,000,000 auth.
issue), 17,400,000 have been sold, guar., prin. & int., by the L. & N., for
double-trucking, impts., &c., and retirement of $1,920,000 2d M. bonds.
Of the bonds. $10,000,000 are reserved ro retire the let 5s of 1886; remainder for improvements, equipment, &c. V. 98, p. 454. 156, 1001.
As to equipment series "A" 5%s, see V. 96. p. 1298.
FINANCES.-In Oct. 1912 312,000,000 stock was offered to stockholders
for subscription at par. V.95, p. 544,968. In Aug. 1912 divs. on NashvChatt. & St. Louis stock (37.177,600 owned) were increased to 7%.
In March 1913 sold $4,500,000 Atlanta Knoxville de Cincinnati Div.4s.
and 34,000.000 unified 4s, and in May 1913 $6,500,000 5% equipt. certs.
Bonded debt per mile May 1912. $31.553; stock, 312.373. V. 92, P. 1565.
Gross, $9,508,858; net, $2,424,942
EARNINGS.-2 mos., 11914
Gross, 10,057,107; net. 2,308,479
July 1 to Aug. 31.
11913
REPORT.-Report for 1913-14 in V.99, p. 1046.1135; see also p.1099.
1914.
1912.
Year ending June 304 937
1913.
4 . 819
verage mileage
$42,868,078 $42,924.952 340,604
1.'2
78
18
0
Freight earnings
13,082,509 12.835,658 12.227,934
Passenger earnings
3,732,191
3,705.089 3.382,566
Mall, express, &c
Gross earnings
Operating expenses

$59,682,778 $59,565,699 356.211,788
44.782,708 44,810.880 39,626.327

Net earnings
Net, including investments, &c
Taxes
Interest and rent
Advances to S. & N. A., &c
Sinking fund payments
Dividends (7%)

$14,900,070 $14,654,819 $16,585,461
$17,738,165 317,722,351 $19.371,284
2,600,288
1,761,626
1.854,684
7,936,692 7,401,602 7.066,198
229,543 Cr109,937
639,581
292,755
268.761
250,049
5,040,000
4,618.733 4,200,000

31.638,886 $3,761.565 $5,360,772
Surplus over dividends
OFFICERS.-Chairman. Henry Walters, N. Y.; Pres., M. H. Smith,
Louisville: 1st V.-P.. W. L. Mapother; 2d V.-P.. Wm. J. Dickinson, 71
Broadway, N. Y.-(V. 99, p. 538, 1046, 1052, 1125, 1135, 1215.)
LYKENS VALLEY RR. & COAL CO.-Owns from Millersburg, Pa., to
Williamstown. Pa.. 20 miles. New lease to Northern Central for 99 years
from July 1 1910 provides for annual rental of 324.000 (equal to 4% on
stock) organization expenses and taxes. V. 92, p. 527. Dividends paid in
1910. 7.35 %; 1911 to July 1914.4% yearly.
MACON & BIRMINGHAM RY.-Owns Sofkee Jct. to La Grange, Ga.:
96.87 miles; trackage, Solkee to Macon, Ga., 8.13 miles. In 1908 a receive
was appointed; now John B. Munson. V. 86, p. 337. In year 1913-14'
er Income, 3497; int.,taxes,&c.,$58,927.
. $156.297: net, $22.245; other
$36.185.-(V. 86, p. 337; V.91, p.945.)

gross,def.,

OCT., 1914.1




RAILWAY STOCKS AND BONDS

79

'. Vernon

W TON J.

,
G. ibo
:
aro
u—
IFOnd

on V. co.

f :
p
:
b
R00,4

dv
E:
e FSFey
4,,t040ero.4. 1O

°Cartha

40

it
Vasper
A040$4.7.

ranIUja
(

PC:I:l
:
aP°.
O
:c
TIPz1:

"OH:An10MNdr

n
10: est°c
6,jelE cc,
weer TaP.::

/
muRpHY

•eton

auCuustbexalcit..,,c,.

orinth

.

7.

ato.m

IA
A LDECATUR
New Alb ny
•60
.Tupelou
11a
:
cTrs ;1
mi :
.n.
.rlIngton

r

4

33"044fk,v,:a.

r

Ll icela
Cal oun
FIG,posit

Green V.
Bolling
Tr.
Luverne
GEORGIANA
Ga. and
Evergieeu

S.
PENSACOLA

•
04-4;

F. Thomas V.
Monticello
& • PEN.

f

MAP OF THE

LOUISVILLE dr NASHVILLE
RAILROAD SYSTEM.

RAILWAY STOCKS AND BONDS

80

[VOL. xcrx.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Dividends are Payable
Payable and Maturity
%
Road Bonds Value Outstanding
Vor abbreviations, &c., see notes on first page.]
Q-J Oct 1 1914 145 Office, Portland Me
in
6
1914
$24,907,467
100
($25.000.000)
scrip
and
/Paine Central-Stock
American Trust.
'Boston
J & D June 1 1923
5
662.000
1.000
41 1883
Collateral trust bonds for Mt Desert Branch_AB.zc
N Y, Boston & Portland
450.000
4% J de J July 1916-17
1,000
'86-87
z
Impt bonds "A" & "B" not mtg s f_ •
do
1 1933
Jan
1
le
J
do
g
4
1.000,000
1.000
gold_z
56
mtge
1893
refunding
Am
No
Maine Central Eur &
Boston and Portland
5 g M & N May!1919
1914 1.000 &c 6,000.000
Notes $6.000,000 gold red 10254
N V. Boston is Portland
F is A Aug 1 1920
4
1.300.000
1.000
__z
1890
_
48
assumed
Co
RR
Line
Shore
Penobscot
First M
do
do
F & A Feb 1 1921
5
400,000
1,000
48 1891
BBz
K & L 2d Ai (for $400,000) assumed
N Y. Boston & Portland
354 g I & J Jan 1 1954
1,000 2,500.000
139 1904
Washington County 1st 1.1 per mile g gu red_Ce.zc•
Nat Shaw Bank, Boston
J & J July 1 1917
5
225,000
500 &c
42 1887
ze
Somerset By first mortgage
do
do
4 g J & J2 July 2 1950
172,500
500 &c
42 1900
z
Consolidated mortgage $420,000 gold
Amer Trust Co, Boston
4 g J & J July 1 1955
864,000
1,000
94 1905
First and refunding mtge $1.500,000 gold __ABz
Guaranteed Issues
A & 0 Oct 15 1914 245 Trees office, Bangor. Me
5
100 2,494300
126 ____
European & Nor Am stk 5% rental 999 years__
2
Q-F 28 Aug 31 '14 55% Maine Cent OIL Portland
100 4,392,538
110 ____
Portland & Ogdensburg stock (2% rental 999 yrs) __
N Y, Boston is Portland
M de N Nov 1 1928
434
2.119,000
1.000
1908
110
z
1285)
p
86.
(V
tat
end
1st M guar prin de
J & J July1 '14 255% Office. Dover, Me
5
122,000
100
17 ____
Dexter & Piscataquis stock 5% rental 999 years__
Bos Safe Dep & Tr Co
J & J July 1 1929
4
175,000
1,000
17 1889
First M Dexter to Foxcroft &c guar by end_BBz
M de N May1914 2% Trees office, Portland
4
800.000
100
53
Hereford By stock (rental 999 years)
N Y. Boston & Portland
1930
1
May
N
&
M
4
800,000
1.000
53 1890
First mortgage guar prin and lot (endorsed)___z
Office, Portland, Me
M & N Nov 1914 3%
6
350.000
100
55 ____
Upper Coos RR stock 6% rental 999 years
N Y. Boston & Portland
1930
1
May
N
&
M
454
&
4
1.043,000
&c
500
55
1890
1st M and Eaten M ($693,000 446s) guar p & i_z
J & J July 1914 234% Treasurer's office, P'ti'd
5
122.000
100
Dexter & Newport stock 5%
N Y, Boston & Portland
1917
1
Sept
S
&
M
4
175,000
1.000
zc•
1897
end
14
&I
p
1897)guar
First M (old 6s refunded in
454 M is N Nov 1914 234% Office, Rockland, Me
200.000
100
East Maine silt 455% rental 999 Years
(Me) Nat Bank
Portland
F & A Feb 1 1928
4
837,000
1,000
101 1908
it
Sandy Riv & R L 1st M red par bepin 1913
J is J July 27-Jan 29 Fidelity Tr Co, Portland
4
300,000
1.000
__ '87-'89
Portland Union RySta series'A"& 'B"(text) _s fz
do
do
1961
1
July
J
&
4g J
___ 1911 1,000 &c 4.500,000
Portland Term new M 210,000,000 g gu xc*&r (text)
Porti earl & Rumford Fails fill-Ste that company
Boa
Co,
Tr
Colony
Old
1919
1
April
0
&
A
g
5
12,104,000
1,000
__ 1914
Maine Railways-Notes $12,202,000 gold red par___
M is N Nov 1 19145% Manchester, New Hemp
10
100 1.000.000
22 ____
Manchester & Lawrence-Stk 10% rent till '37 B is M
Bost & Me RR, Boston
1922
1
Jan
J
is
J
4
274.000
1.000
M
___
de
zc
B
1892
guariby
Int
Plain bonds (not mtge)
Q-J Oct 1 1914 154 165 Broadway, N Y
7
100 60,000,000
37 ____
N Y-Stock $60,000,000_
Manhattan (Elevated)
Equit Trust Co, N Y
M & S Mch 1 1916
5
1.000 1.000,000
32 1886
N Y Elev debentures secured by cons M of 1890 _z
do
do
is 0 Apr 1 1990
A
g
4
39,777.000
&c
1,000
37 1890
Manhattan Elev cons(now 1st) mtge gold_Ce.xc• der
4
See text
Second mortgage to be 25,409.000 (see text)___
N Y. London, dm
1 1939
May
N
&
M
g
4
8,985,000
&c
f
s
1.000
gu
int
g
red
xc•
Lines
Sou
110F__
der•
1909
M
Manila-lst
New York and London
J & J Jan 1 1956
6
See text
___ 1907
1st M on "Nor Lines" (2d on Sou)$7,500,000 au _Ce
do
do
A & 0 Apr 1 1956
7
See text
___ 1907
2d M on "Nor Lines"(3d on Sou) $12.500,000 au N
Detroit
1934
1
Aug
S
&
M
4
to
Up
1,100,000
1,000
n-c
68 1909
$1.300.000 _z
Manistique & Lake Sup-Inc M 4%
Rapids
Grand
&
Y
N
1915-1939
Jan
J
&
J
g
5
1.000 1.332.000
165 1909
Manist & N E-ist NI g due part yey red text_CC.xc•
New York and Chicago
5 g A & 0 Oct 1 1928
500.001
1001)
Q icing
atanitnyt& Pike' Peak P v-1st M 5500.000 v P xe•

RY.

RR.

-Owns road from Macon to
MACON DUBLIN & SAVANNAH
Vidalia. Ga., 93 miles. Stock, $3,200,000 auth.• outstanding, $2,040,000
bonds, prin. and interest.
(par $100). Seaboard Air Line By. guarantees'
43; V. 84, p. 102, 450. For year ending June 30 1913-14. gross.
V. 89.
rap. net, 3101.451; other income, $1,317; int., rentals, &c., 2116,086:
$541.192;
bal., def., $5,315. In 1912-13, gross. $490,225; net, $58.065. Pres.,
James A. Blair Jr., N. Y.; Sec. & Treas., J. R. Frink.-(V. 99, p. 407.)
MAINE CENTRAL RR.-Line of road, Portland to Vanceboro, Me.,raravla
Augusta. 267 m. (incl. trackage Portland to Falmouth, 7 tn.); branches,
Royal Jct. to Skowhegan via Lewiston, 91 in.; Bath to Lewiston and Farmington, 78 in.; Oakland to !One° Sta.. 95 In.; Portland and Rumford Falls
System. 102 m.; Bath to Rockland, incl. ferry (0.60 in.). 49 in.; Belfast,
Harmony. Foxcroft. Bucksport and Mt. Desert, incl. ferry (7.7 in.),
150 in.: Washington County. 139 in.; Portland to St. Johnsbury, Vt.,138
in. (Ind. 11 m. trackage from East Yd. to St. Johnsbury Sta., Vt.; also
trackage of 8.27 in. from Portland Union Sta. to Windham Line, Me.,
Quebec Jct.. N. H.,to Lime Ridge. P. Q.. 108 m.; total. 1.217 in., of which
644 owned. 497 operated under 999-year leases and practically owned,
33 in. under 50-year lease, 28 under 1-year lease. 7 trackage and 8 ferry.
Somerset By.. Washington County By.and Sebasticook is Moosehead RR.
were merged in Co. July 1 1911. V. 92, p. 725, 1565; V. 93, p. 45.
In Aug. 1911 purchased entire stock of Sandy River & Rangeley Lakes
RR., a 2-ft. gauge road extending from Farmington to Marbles, Me..
47 miles, and Strong to Bigelow. Me. 30 miles, with branches, a total of
'V. 94, p. 698. Leases from Jan. 1
106 miles. V. 93, p. 408. 589, 940;
1912 part of St. Johnsbury & Lake Champlain RR..Lunenburg. Vt.. to
St. Johnsbury, Vt.,23 miles, with 5-mile branch. V.94, p. 68. In Oct. 1912
acquired entire stock of Bridgton & Saco River RR.; a 2-ft.gauge road.
Harrison to Bridgton Jet., Me., 21 miles. V. 95, 1:.• 176.
Stockholders on Oct. 21 1914 authorized purchase of Rangeley Lakes is
Megantic RR., to build from Oquossoc. Me.,to Canadian border, 30 miles;
11 miles opened Dec. 23 1912. V. 95. p. 1202.
STOCK.-In 1913 shareholders subscribed at par for $9,774.141 new
stock. V. 96, P. 136.
In order to remove the road from foreign control the 215,960,100 Maine
Central RR.stock (64%) held by the Boston is Maine RR. was on April 1
1914 purchased by the Maine Rys. (all of whose stock is owned by the
Maine Central and may be liquidated by its trustees. V. 98. p. 912. 1071,
1244: V. 99, p. 965. See that company and BONDS below.
1914.
j"03.'04-'06. '07.'08-10. '11. '12. '13.
DIVS.644 7 y'ly. 744 8 y'ly. 745 6 6 134.134,134.1%
Since 1902
due 1923
assumed.
68
Line
Shore
Maine
$88,000
BONDS.-There are also
also $48,000 Belfast is Moosehead Lake mtge.45(not tax-exempt) due 1920,
not guaranteed. Int. and sk, fd. paid out of rental; And. is Ken, stock
bonds, $11,000, exchangeable for M.C.stock; the A. is K.stock bonds are
Inciuded in the above outstanding stock. V. 95. p. 1332.
The consol. 50-year refunding mtge. was cancelled in May 1914,00 bonds
having been issued thereunder. V. 98, p. 912.
In May 1914 sold $6.000,000 5% 5-year notes to purchase the $3,000,000
Maine Itys. Cos. stock-see above-retire $2,000,000 notes due Apr. 1 1914
and provide for improvements. No new mtge. shall be made so long as
the notes or any renewal thereof shall be outstanding without including
them thereunder. V. 98, p. 1244.
Guar. bonds of Portland 'Perm. Co.. see that company.
Gross, $2,081,492; net, $660,591
EARNINGS.-2 mos.,f1914
Gross, 2,115,334; net, 553,308
July 1 to Aug. 31.
11913
for
was in V. 99, p. 965.
1913-14
-Report
ANNUAL REPORT.
1912-13.
1913-14.
Year ending
1913-14.
1912-13. Year ending
June 30-$
June 30-$
$
Gross earnings11,685,968 11,331,406 Divs.(6%)___ 1,491,797 1,010,277
Net income_ 2,965,475 2,782.255 Hire of equip_
Interest
21,345
20,435
362,549
333,970 Sinking fund_
Rents, &c_ 1,233,520 1.127.574 Int. and disc181,733

(%)1

BONDS.-Consols beyond $40,000.000 may be issued for extensions at
$300.000 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. 248, and compare V. 87, p. 285.)
The stockholders voted Nov. 12 1913 to make a second mortgage to secure not exceeding $5.409,000 4% bonds to be issued to Interborough Rapid
Transit Co. to reimburse it for expenditures for improvements and additions
part of the
made and to be made. The mortgage will cover the greater 1115.
1504.
property and franchises owned and hereafter acquired. V.97,p.damages
to
as
paid
been
had
$8,847,854
aggregating
claims
To 1898
abutting property. In 1907-09 paid franchise tax 1900 to '08 ($4.876,545)•
1911-12.
1912-13.
REPORT (Year ending June 30- 1913-14.
$15.954,838 $15,689,916 $15,552,484
Gross operating revenue
7,346,1037.406,922
7,528,843
Net, after taxes
7,458,692
7,393,547
7,588,556
Gross income
1,657.656
1,665.157
1,682,657
Interest and rental paid
4,200,000
4,200.000
4,200,000
Dividends (7%)
$1,705,899 $1,528,390 $1,601.036
Balance, surplus
See. and
Pres., Edgar L. Marston; Vice-Pres., John H. McCiement:
1426.-(V. 94,
Treas.,D. Mr. McWilliams. Directors Nov. 1913, V.97, p.
p.279; V.95. p.1331: V.97. p. 1115, 1426. 1504.)
organized in New JerMANILA RR.-(Gauge,3ft.6 in.)-Thls company,
road on the
sey In 1906, has taken over and is operating the only steamV.
91. p. 215:
Island of Luzon. Philippine Islands, 480 miles (V.88, p. 1313;
Interested.
V. 83. p. 1348). The Speyers are
to comprise
Total lines authorized, 820 miles, viz.: (1) "Northern Lines."
470 miles, all
about 350 miles north of Manila; (2) the "Southern Lines,"in
Manila conbut about 20 miles to the south of Manila, and a Port Line operation
Dec.
In
necting with the Government wharves and warehouses.
The
Lines.
Southern
of
miles
175
and
Lines
Northern
of
miles
1913 304.8
two systems (and their accounts) are required to be kept distinct,as if owned
by separate companies, but under the same management.
Of the stock. $3,652,800 7% cum. pref. and $2.130.700 common, all but
directors' shares are held by the Manila By. (1906), Ltd. (see below.)
of 1909, guarBONDS.-The Manila RR. (Southern Lines) 1st gold 45
Act of U. S. Conanteed as to interest by the Philippine Government under have
been issued.
gress, are limited to $30,000,000, of which $7.135,000
or by lot for a sinkThe bonds are redeemable as a whole at any time at 1101928,
and 1% yearly
ing fund of 45 of 1% yearly from May 1 1919 to Apr.3093.p.
45.
V.
thereafter. V.91. p. 215. 276. 717: V. 91, p. 1711;
namely
All the outstanding bonds on the Northern Lines (see table above),
7% bonds, as well as all
$4,330,000 1st M.6% bonds and $7,716,000 2d M.
to
shares
(excepting
Co.
RR.
Manila
the
by
issued
the stock heretofore
qualify directors), are owned by the Manila Ry. Co. (1906). Ltd. (an English co. whose auth. capital is £2.000,000 in 5% non-cum. preference shares,
all out, and £2.000,000 in ordinary shares, of which £399,340 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) £2,500,000 4% "A"
debenture bonds, due Jan. 15 1956, authorized, of which £2,000,000 have
been issued, and are subject to the prior lien of said "A" debentures for
£1,880.000 4% "B" debenture bonds, due Apr 115 1956, total auth. issue
£2,500,000, and £1,000,000 5% debenture stock, of which £600.000 have
been issued. V. 87, p. 166: V. 88, P. 1197; V. LO, p. 303; V. 99, p. 269.
REPORT.-For calendar year 1913, gross, $2,618,244; not, after taxes,
$1.263,530; other income, $153.948; charges, $1.133,662; bal., sur., $283,816. Divs, paid in 1514 from 1913 surplus. $232,842.
DIRECTORS AND OFFICERS.-Iicrace L. Higgins (Pres. and Gen.
D. P.
Mgr.), Manila; J. G. Metcalfe (V.-P.), David T. Davis (2d V.-P.),
Bennett, Chas. A. Conant, Richard Schuster, Wade Gard'ner, J. S. Uman,
Insular
of
Bureau
Jr.,
Walcott
C.
Chas.
and
New York; Flank McIntyre
Affairs, Washington, D. C.; E. M. Heber& N. Y., is Sec. is Treas. Office,
45 Nassau St.-(V. 93, P. 45.)
Mich.. to
MANISTEE & NORTHEASTERN RR.-Owns from Manistee.
to Empire.
Traverse City, 71 m.; Solon to Prevenient, 15 m.; Platte River
operated
m.;
1
leased,
rn.;
53
spurs,
and
Jct., 17 m.; other, 80 in.; sidings
under contract, 6 m.; total, 243 miles. Stock. $2,000,000• from 1912 to
Of the bonds ($1,500.000), $40,000 mature Jan. 1 yearly
1910, is
1938. Sinking fund of 50% of surplus income, beginning July 1
have
to be used to call bonds by lot at 10254 and interest until $1.000.000
1913 in
for
Report
1363.
90,
V.
been canceled. V. 88. p. 375. 823;
(Cr.).
equip.
hire of
p.
V.99, p. 532.showed: Gross.$562,730; net, $108,979;
bal.. cur..
$1.358; interest paid, $72,094: retirement of bonds, $36,000;
p.332.)
$885. Pres.,Edw. Buckley, Manistee, Mich.-(V.98, p.912; V.99,
on Lake
Mich.,
RR.-Manistique,
MANISTIQUE is LAKE SUPERIOR
Si. 1"•
V.
branch to Doyies, 15 in.; 1911
Michigan, northerly to Evelyn, 42
acApr.
975; V. 87, p. 97; V. 89. p. 470. The Ann Arbor RR. In*nth..
$1,300.Bonds
quired the entire $250.000 stock. V. 92. p. 1109.
1914, gross,
000 25-year 4% non-cum. incomes. For year ending Juno 30
bal..
$168,019; net, $31.495: other income. $231: Int., taxes, &c.,$24,056:
Bur., $7,672. In 1912-13, gross. $138,588; net, $31,614.-(V. 92, p. 1109.)
Pike's
of
summit
to
Col.,
A1ANITOU is PIKE'S PEAK R V.-Manitou,
to November yrly.
Peak, 8.9 miles; standard gauge. Operated from April5500.000
20-year 58
1909
Stock. $500,000: par of shares. $100. In Oct. year
Nov.30 1913,
ending
were issued to replace old maturing bonds. For
225,000;'dwell..
int..
$2,348;
income,
other
537,056;
net,
$106,007;
gross.
bal., def., $185.608. Pres., C. W.Sells. Mani7;.)
040
8
,0
0.
,0p
92
d lovio.
.c
to 2,
$1u
..83
/)
(
40
(

Balance, surplus
def143,736
108.266
'Pres., Morris McDonald, Directors, V. 99, p. 1215.-(V. 99, p. 1215.)
MAINE RAILWAYS.-Owns $15,960,100 Maine Central RR. stock
(64%) formerly held by the Boston is Maine RR., but purchased at 9544
on April 1 1914 to remove the road from foreign control and place it in
hands of trustees (Charles 0. Bancroft. Morris McDonald and Harry M.
Verrill). The Maine Railways gave in payment $12,202,000 5-year 5%
gold notes secured by deposit of the Maine Central stock to the Fidelity
Trust Co. of Portland, Me., as trustee, and its 23,000,000 stock, which
was purchased by the Maine Central RR. See that Co.
Dividends on the Maine Central stock will go to the trustee, any surplus
after payment of interest to be used to pay expenses and dividends at not
to exceed 5% yearly on the Maine Railways stock and the remainder for
the redemption of the notes, the notes called to be designated by lot and a
proportionate part of the Maine Central stock to be released. The trustees
may liquidate the trust as fast as they see fit, so as to distribute the stock
within 5 years among ordinary investors and keep control away from adverse transportation interests. V. 98. p. 912, 1245; V. 99, p. 674, 969.
MANCHESTER & LAWRENCE RR.-Owns from Manchester, N. H. to
Methuen (Stale Line), 2244 miles. Leased for 50 years from Sept. 1 1887 to
Boston is Maine at rental paying 10% div. In Apr. '11 B. is M. received
authority to purchase stock. V. 92.,p. 1108. In 1895 a div. of 50% paid
from proceeds of C. de M. sult.-(V. 3, p. 1264.)
MANHATTAN R Y. (ELEVATED).-Owns all the elevated railroads In
RR.-Owns Moore's Jct. to
MARIETTA COLUMBUS is CLEVELAND
boroughs of Manhattan and the Bronx, N. Y. City, main line and branches,
to
branches and spurs, 4.18 m.: trackage,Marietta
3744 miles, double-tracked, with 4245 miles additional third track, sidings, Palos. 0.. 41.09 miles;total.
July 10 1914 D. B. Torpey
On
miles.
48.47
&c.; total track, 118 miles: 3d rail electric. The 2d,3d and 9th Ave.lines, Moore's Jct., 3.2 m.;
was
5t74t1
03108
under agreement with the city made in March 1913, are being 3-tracked and $2507(iritt:rgerillVs
4
4'. Ig;n1
9919
14!,'re
extended into the Bronx-see Interborough Rapid Transit Co.
net. $24,525; other income
net, $13,114. In 1912-13, gross, $109,271:
CO.
Transit
leases
the
Rapid
road
Interborough
for
999
-The
LEASE.
120.)
p.
99,
$10.081.-(V.
&c.,
taxes,
interest,
years from Nov. 1 1875, guaranteeing 7% per annum on the stock. V. 75, $228:
Marion to Sugar Grove, Va.,
MARION & RYE VALLEY RV.-OwnsControlled by United States
p. 1202. 1302; V.76. p. 212; V. 79. p. 2456; V. 96,P. 791; also Interborough
Rapid Transit Co., V% 76, p. 101. Guaranty, V. 76. p. 480.
18 miles. A reorganization in June 1900.




yinegaP,n1r.1`,11 3(ii

JCT., 1914.]

RAILWAY STOCKS AND BONDS

SI

Rate
Amount
Last Dividend Places Where Interest and
Par
When
Miles Date
RAILROAD COMPANIES
Dividends are Payable
Payable and Maturity
%
Road Bonds Value Outstanding
(For abbreviations. .1.c.. see notes on first page)
Ry-_
Eastern
Algoma
Manitoulin & North Shore-See
In default
Si'000
$250,000
5 g M & N Nov 1 1940
44 1890
Marietta Columbus & Clev-lst M $250,000 gold-Colz
Bank of Marlon (Va.).
J & J July 1 1922
6
175.000
500
18 1902
Marion & Rye Valley Ry-First mortgage
Treasurer's Office. Plana
g
71
5
&
F
1905
2,000,000
1.000
A
1955
1
Feb
z
guar
gold
Md Del & Va-lst M $2,000.000 auth
Louis Union Trust Co
St
1.000
J
1911
1.180.000
1931
1
g
92
5
Jan
J
&
--SStic
Marshall & East Texas-lst M gold call 102Bet
First Nat Bk, York, Pa
50 he
M & S Apr 1 1932
5
202.450
40 1882
M.._
Maryland & Pennsylvania-York & Peach
Bros. N It & Ball
Brown
897,000
M
g
4
1.000
S
&
Mch
1901
1951
1
80
105-Mella.gc*
First mortgage $1,200,000 gold call at
do
do
900.000 See text A & 0 Apr 1 1951
1.000
80 1901
Income mortgage 1900.0004% cum call par__ MeBa
& Bons, Balt
Brown
Alex
&
J
g
6
&c
.1
100
300,000
1913
1923
1
Oct
--MeBa.xc
Notes $500,000 gold red 1024
do
do
1,000
N
&
200.000
M
1906
g
--_
5
May
1
1936
110rx
Maryland & pa Ter 1st m $200,000 g gored
1,000 12,000,000
4 g J & D June 1 1955
J P Morgan & Co. N I
378 1905
Ce.xc&r
Mason City & Ft Dodge-lst Mg
Bost
Co.
Tr
&
Dep
Safe
800,000
F
____
6
100
A
&
3%
1914,
1
37
Aug
_
Pass-&
Conn
as
Massawippi-Stock guar same thy
Mercantile Tr Co, San Fr
1907
5
1,000 1,200.000
A do 0 Apr 1 1937
x
$1.200,000
McCloud River-First mortgage
Merch Nat Bk. Meadv,Ps
200,000
J h J July 1 1921
22 1891
5
1.000
z
mtge_.
Linesville--First
&
Lake
Meadville Conneaut
See text
Miss Vail Tr Co,St L
--- 1913 1,000 &c
6 g J & .1 July 1 1943
red textMStac*
Mem Dai&G-Ist&refM$3,600,000g103
1.000
420.000
6 g J & J Jan 1 1928-29 Mere Tr Co. Little Bk,As
--- 1908
begin 1919-x
mem parts & Guit-ist M gold red
Bankers Trust Co, N Y
___ 1913 1,000 &c 2,500,000
N
&
M
g
5
guar__Ba.zcsrs
Nov
1959
1
g
M
Station-lst
Memphis Union
UnBk&TC0,Jacks'n.Ten
J & J Jan 1 1943
--- 1913
5
1.000 See text
red 105-Meridian & Memphis RR-lst M $800,000
Guaranty Trust Co, N V
___ 1905 1.000 hc
250.000
4 g M & N May 1 1955
c•&r
gu--fix
g
1250.000
M
-First
Terminal
Meridian
International-See Nation al Rail ways of Mexico
Mexican Central-Mexican
1)326.000
6 g F & A Aug 1 1919
16 1899
82 Beaver Street, al V
g red 1108 f__ __Ox
Mexican Mineral-1st M 5500,000
$3,000,000100 3.000.000 See text M & N May 1 '13 134% Office, 82 Beaver St, NY
-Stock.
Northern
Mexican
do
do
1,000
a708.000
1890
g
83
6
&
J
D
(.1.xc*&r
1
1909Dec
in
ext
f
1930
s
First mtge U S gold red 105
___ ____
£10 £2.254.720 See text A & 0 Nov 6'13,14% Glyn,tillls,Currie&Co,Lo
stock__
Mexican RY Limited-Ordlnary share capital
do
£10
do
See
A
£2,554,100
text
0
do
Nov
6
8%
'13.
4%
stock
preference
First
do
£10 £1,011.960 See text A & 0 Nov 6 '13. 3%
do
Second preference stock 6%
do
£10 £2,000.000
6
J & .1 Perpetual
do
375 _ -Perpetual 8% debenture stock
do
£100
do
-__ 1909
434 A do 0 Dec 1960
£483,400
2d debens £1.000.000 auth red par since 1912 8 L.
_
£1,000.000 See text F & A See text
Mexican Southern Ry-Ordinary stock. £1.000,000_
-__ 1896
4
F & A See text
£864.000
1st M 4% deb stock £1,000,000 red at par 90 yrs
See text
1913
6
1928
Prior lien bonds
£100 £1,671.000
___ 1913
6
Sept 1914 coup deferred
1928
Mex No West-Prior lien bonds £2,500,000 red 1024
1909
5 g M & S Mch 1 1959
£100 £5,600,000
Sept •13 coup deferred
1st M gold red text
doo
£20
815
&
M
1912
6
to
-__
Up
£750,000
f-o*
8
par
red
cum
1st coup Mch 1913
6%
Cony Income bds £1.000.000
(t)
5
--- ---Equipment gold bonds £480.000
In
6
c$18738000
19143
$100
&
J
Grand Cent Terml. NY
July29
19143%
Central-Stock
Michigan
270 1902 1.000 &c 14.000,000
334 g M & N May 1 1952
Reg at G C T; cp at G Ti
Ci.xc•aor
First mortgage $18,000,000 gold
4
J & J Jan 1 1940
115 1890 1.000 Ac 2,600,000
Reg at G C T; cp at U Ti
Un.xctor
M C Michigan Air Line first mortgage
171 1881
1.000 1 4.000.000 f 5
Union Trust Co, N Y
M & S Mch 1 1931
MC lst M on Detroit & Bay Cit ($4.000.000)-Un.zc
1881 1.000 &c f
1 5
Grand Central Term. NY
Q-M Mch 1 1931
bonds w thout coupons___zr
do
do
h 5.7,1 AAA AddlItIn ,sal In Ft n lam, flimi
.. Mnlilalcra elf 521 non hale' ho Antrino• IIITIrl
Spruce Lumber Co. Stock, $100.000: par. $100. Bonds $175,000 68. see
table above. V. 95, p. 1472. Car trusts June 30 1914, $27,825. Year
ending June 30 1914, gross, $79,608; net, $27,795; other income,$30; Mt.&
rentals, $18,926; bal., sue., $8,899. Pres. & Gen. Man., J. C. Campbell;
Treas., L. A. Amsler; Sec., H. B. Jeffery, Marion, Va.-(V. 95, p. 1472.)
MARSHALL & EAST TEXAS RV.-Owns from Elysian Fields, 18 miles
south of Marshall, Tex.. on Tex. & Pao., to Winnsboro. on M.K.&T. 92 m.:
4 miles. Extension projected south to Newton. 125 miles, of
branches,
2
which 18 miles operated March 1 1910. V. 88. p. 748, 1500. Co. SunControlled by Interests represented by St. Louis Union Trust
cessor to Texas Southern By.. foreclosed Aug. 4 1908. V. 87. p. 416. 481.
Stock outstanding, $200,000. let M. 20-year 55 ($5,000,000 auth.), see
V. 93, p. 589, 1787. Loans and bills payable June 30 1914, 3217,992; car
trusts, 412,750. For year ending June 30 1914, gross. $183,384; net after
gross.
taxes, $39,729; deductions, $1,800; bond int. not paid. In 1912-13.
V.-P. &
$221,169; net, $7,224. Pres., Albert T. Perkins, St. Louis, Mo.;
Asst. Sec.. Osce Goodwin. Dallas, Tex.; Sec., Bryan Snyder, Marshall;
Treas., E. Key, Marshall, Tex.-(V.93. p. 1787.)
MARYLAND 'DELAWARE & VIRGINIA RY.-Operates Love Pt., Md..
to Lewes. Del.. 73 miles; Queenstown Jct. to Centerville, Md.. 5 m.: total.
78 m.; and Lewes to Rehoboth, 5 m.. is trackage over Del. M. & Vtr. Also
owns 14 steamers running between Baltimore-Washington points on the
Potomac River, &c., and Norfolk; total steamer lines. 979 miles.
Stock, 53,000.000. of which one-halt each of common and 4% non-cum.
pref.; par of shares. $50 each: 4% etre. of Indebtedness, due Dec. 5 1909.
$57,000; loans and bills payable Dec. 31 1913, $419,750. Penn. RR. and
its subsidiaries own all toe common and about $300.000 pref. stock, Bait.
Ches. & Atlantic owning a majority of stock and guaranteeing bonds. In
1913, gross, $959,135: net, 597,338; other inc.. $1,788; charges. $161.391;
bal.. def., $62,265.-(V. 94. p. 1317; V. 98. P. 999.)
MARYLAND & PENNSYLVANIA RR.-Baltimore, Md .to York, Pa.,
78.9 miles. V. 72, p. 339. In 1910 obtained right to build to tidewater.
STOCK AND BONDS.-Stock authorized. 53.600.000, of which $1,997.500 reserved for conversion of notes (see below) and 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 58 and $100,000 additional for future purposes, &c. V. 74, p. 94.
427: V. 79. p. 2205. Of the 6% notes of 1913 ($500,000 authorized Issue),
$300,000 have been sold. They are convertible into common stock at
$50 per share up to July 1 1923. No mortgage can be made without providing for the notes. V. 97, p. 1115, 951. Maryland & Pennsylvania Terminal guaranteed bonds. V.82, p. 1041. 1102. Equipment notes Dec. 31
1913, $79,500. V. 96, p. 203. Paid on incomes, 1901, 3%; 1902 to Apr.
1914, incl., 4%
0 yearlY (2% A. & O.); nothing Oct. 1914. V. 99. p. 969.
Gross, 5532,416; net, $123.328
EARNINGS.-12 mos., 11913-14
July 1 to June 30.
Gross, 506,861; net, 142,334
11912-13
REPORT.-For year ending Dec. 31 1913, gross. $531,087; net after
axes. $107.621; other income, $2,912; int, on bonds, &c., $131,504; bal.,
def.. $21,350. In 1912. gross, $474,559 net. 5131,131. Pres.. John Wilson Brown.-(V.97, p. 970, 1115; V.98. p. 912,999; V.99, p. 969.)
MASON CITY & FORT DODGE RR.-(See Map Chicago Great Western.)-Owns road from Oelwein. Ia., to Council Bluffs, 259 miles; Hayfield, 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 ($19.205,400 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 Apr. 30 1901, and modified
June 1901. M.C.& Ft.D.receiving 60% of earns,on 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.
The accounts showed a deficit June 30 1912. See V.95, p. 1274. In 1905
$12,000,000 4% bonds were sold. Compare Chic. Great Western By. and
V. 73. p. 566, 616, 722; V. 77, p. 640: V. 78, i).
V. 80, p. 2621.
Earnings Incl. in those a C. G. W.system.-(V.88.1782;
p. 1437; V.95.P.1274.)
MASSAWIPPI VALLEY RY.-Province Line to LenoxvMe. glue., 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 & Passumpsic
Rivers RR. Stock. $800,000; par of shares, $100; dividends payable Feb.
and Aug. 1. Dividends, formerly 5%,6% since Jan. 1 '97. Of the stock,
$400,000 owned by the Conn. & Pass. River is deposited under its mtge. and
$50.000 represented by Connecticut Trust & Safe Deposit Co. of Hartford
57 trust certificates was purchased Feb. 1 1910 under Its option at par.
In*April 1911 Boa. & Maine rec'd authority to perch. stk. V. 92, p. 1108.
McCLOUD RIVER !OZ.-Owns from Sisson, Cal., to McGavic,50.6 miles.
Stock $1,200,000. Bonds ($1,200,000 auth.). Mercantile Trust Co.. San
Francisco, mtge. trustee. V. 85, p. 1005.
For year ending June 30 1914.
gross, $341,592; net. $89,498. In 1912-13, gross, $386,088; net. 5139.530;
int., taxes, &c., $77,487; bal., stir., $62,043. In 1911-12, gross. $371,024;
J.
Pres.,
$138.989.
McQueal,San Francisco.-(V.85. p. 1005.)
net,
MEADVILLE CONNEAUT LAKE & LINES VI LLE.-Meadville to Lines
ville, Pa. 20.5 miles, and branches, 1.2 miles' total, 21.7 miles. Leased
to June g 1990 to Pittsburgh Bessemer & Lake Erie RR.; rental, 25% of
gross earnings. Stock, $200,000; par, $50. Dividend
in 1913 and 19142
4% (2% A. & 0.) For year ending June 30 1914, gross, $21,964; net,
$21,819; bond int., $10,000; divs. (4%), $8,000; miscell. deductions, $28;
bal., sur., $3,819.-(V. 96, p. 709.)
MEMPHIS DALLAS & GULP RR.-Owns from Ashdown to Hot
Springs, Ark., 113.38 miles; Ashdown to Shawmut, 60.55 m.; Shawmut to
Glenwood, 17.82 m.;Graysonia to Leard,6.5 m.; Daleville to Daiark, 11 m.:
total. 130.88 miles. Extensions proposed north to Memphis, Tenn., 255
miles, and south to Dallas, Tex., 186 miles, of which 41 completed.
Stock authorized. 57.875.000. as increased July 1910; par *100: outstanding May 1912. $645.000. Of the 1st and ref. 30-year gold as ($3,600,000
auth. Issue). 51.015.000 were issuable at once. $420,000 are reserved to retire the $420.000 Memphis Paris & Gulf 6s, which are guar. p. & I. by Nashville (Ark.) Lumber Co., and $2,165,000 for road acquired or constructed




at $18,000 per mile in 5-mile sections; they are redeemable at 101 and int.
to Jan. 1 1918 at 103 and int. thereafter. V. 96. p. 237, 887. Car trusta
May 311914, $15,669; loans and bills payable, $772,792.
For year ending May 311914,gross. $334.812; net,$125.00b; interest on
bonds, $69.105; other charges, $1.252; bal.. stir.. $54,649. In 1912-13,
gross, 3305.349.
Pres., W. W.Brown,Camden,Ark.; V.-P. and Sec.. J. W.Bishop, Nashville, Ark.; Treas., W.H.Poland, Nashville, Ark.-(V.97,P.8874
MEMPHIS UNION STATION CO.-Owns union passenger station at
Memphis. Tenn.. used by Loulsv. & Nashv. Nashv. Chatt. & St. Louis.
Southern By., St. L. Iron Mtn. & So. and St. Louis Southw., used since
April 1 1912. Int. charges and expenses are to be apportioned among the
lines on the user basis. Stock. $100,000, owned equally by five roads
named. In Nov. 1909 made a mtge. to the Bankers Trust Co. of N. Y.,
as trustee, to secure an issue of $3,000,000 5% gold bonds, guar. jointly
if ve roads named. V.97,p. 1025; V.93. p. 1324; V.89. p. 1411.1M2;
by
V. 90. p. 236; V. 91. p. 94.-(V. 97, p. 1025.)
MERIDIAN & MEMPHIS RR.-Meridlan, Miss., to Union, 40 miles,
completed December 1913. Has large terminals at Meridian. Stock
auth., $500.000. Bonds, 5800.000 30-yr. 5s, Union Bank & Tr. Co. of
Jackson. Tenn.. trustee; present issue. $538.000. See table above. V. 96.
p. 1157, 1298. Meridian & Deep Water By.Is building from Meridian west
to Tombigbee River, 47 m. Pres. J. T. Schley; Sec., E. B. McRaven:
Meridian, Miss.-(V. 96, p. 1298.)
Treas., C. W. Schamber. Office.'
MERIDIAN TERMINAL CO.-Owns passenger stations at Meridian.
Miss., opened Sept. 1 1906, and used by Southern Ry., Mobile & Ohio, New
Orleans & Northeastern RR., Ala. & Vicksburg and Ala. Great Southern,
which own one-fifth each of the capital stock ($100,000 auth., of which
$94,000 issued July 1912), 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.)
MEXICAN NORTHERN R Y.-Owns from Escalon, Mexico, on the Mexican Central Ry.,to Sierra Mojada,83 miles, all steel. See V.64, p. 619.
Bonds,see V.88, p. 1437, 1500; V.89, p.104; V. 91. p. 1026.
DIVS.- 1'93.'94. '95-'99. '00. '01. '02. '03. '04-'08. '09. '10-'12. 1913.
Per cent---16
6 4 y'ly. 5 434 234 134 None. 13 4 yrly 111.REPORT.-For year ending Dec. 31 U. S. currency.
Balance.
Oth.Income. Charges.
Net.
Gross.
Year$44,991
def.$10,151
$26,653
$8,186
547,565
1913
sun 92,848
40,799
58,135
85,507
178.878
1912
-(V.88.P. 1500; V.89. p. 104.1280: V.91. p. 1026; V.96. p. 1365.)
MEXICAN RY.-MEXICAN SOUTHERN RY.-See page 141.
MEXICAN UNION.-V.98. p. 523. MEXICANO DEL CENTRO RR.
V.91, P.215. 1630.
MEXICO NORTH WESTERN RY.-Owns and controls 54034 miles:
6.34
La Junta to Mlnaca
Ciudad Juarez to Tabalaopa
475.781Cumbre to Chuichupa(bullding)45.08
(Chihuahua)
San Antonio to Cusihuirlachlo- 13.051
Owns over 3,000,000 acres of timber lands. with 2 mills at Madera with a
capacity of 175,000,000 ft. per year, and 2 mills at Pearson with a capacity
of 250,000,000 ft. ;per year. Controls finishing,&c., plant at Ea Paso, Per.,
capacity 100.000,000 ft. per year. See V. 88. p. 749; V. 89. p. 348. 470;
V.94,ti. 1627: V. 96. p. 287.
Stock. $40,000.000 (par $100). of which $25,000.000 Issued.
may
BONDS.-Present limit 1st M. 55, £8,459,700; issued, £5,600,000;
and other special
be Increased for extensions, terminals, double-tracking are
redeemable at
purposes; Nat. Trust Co. of Toronto, trustee. Bonds
be applied
par Mar. 1 1959 by annual payments, commencing in 1919. to
as a while at
in annual drawings at par or by purchase at or below par, orCoupons
pay176.
p.
95.
V.
1463:
1324,
28,
p.
93.
V.
749;
p.
105. V. 88.
able at Bank of Scotland, London; Guaranty Tr. Co.. N. Y., and Bank of
Commerce. Toronto. The payment of the Sept. 1913 coupons was deferred
because of disturbed conditions in Mexico which made operation of railway
and lumber mills impossible. V. 97. p. 521, 595.
As to 8% cumulative convertible income bonds, see V. 94, p. 1627.
The issue of 15-year prior-lien 6% bonds is limited to £2,500,000,secured
by a prior lien on the entire property,of which £1,671,000 have been sold.
The remaining £829.000 are reserved for future requirements. incl.
int, on prior lien and 1st M.bonds. Red. at 1024 any time on 6 months'
notice. Trustee, Nat. Trust Co., Toronto, Ltd. V. 96 p. 285, 1229.
The payment of the Sept. 1914 coupons was deferred, owing to financial
conditions in Europe and Mexico. V.99, p. 674.
REPORT.-Report for calendar year 1911 In V. 95. p. 478. showed:
other
Gross income (American currency), $961,468; net income, 1460.581;
bal.. def .$324.788.
ino., $253,231; bond Int.. $849.162; yen.exp..1189.438'
I. Miller, N. Y.;
OFFICERS.-Pres., F. S. Pearson, N. Y_.; V.-Ps.,
Miller Lash,Toronto, Can.;3.0. Crockett, El Paso; Treas., U. de B. Daly,
Toronto; Sec. A. M.Trueb, N. Y. Office, 115 Broadway, N. Y.-(V.97,
P.521,595; V.99, p. 269. 674.)
Hudson
MICHIGAN CENTRAL RR.-(See Maps New York Central & 270
m.,
-Main line-Kensington to Detroit.
niVer.)-LINE OF ROAD.
total
m.;
226
(Canada
main
Southern).
Bridge
Suspension
to
Windsor
and
line 496 miles. Branches owned and leased, 1,211 m.; trackage (Ill. Cent.)
into Chicago under perpetual lease, 14 m.; other trackage, 79 m.: total
Jan. 1 1914. 1.800 miles, with 603 m.of 2d track and 1,404 m.of side tracks.
Chicago Kalamazoo & Saginaw By.. Pavilion to Woodbury. Mich..55 m..
and Detroit & Charlevoix. Frederic to East Jordan. with spurs, 55 miles, are
controlled but operated independently. V. 84. p. 50.
Third-rail electric Detroit River Tunnel. 2.42 m.long, is leased for 99G yrs.
See below. V. 90, p. 710: V. 91, p. 276; V. 92, p. 1499; V. 98, p. 236.
CONTROL.-The N. Y. Cent. & Hud. River RR.Co. In April 1898 gave
1115 in Its 334% 100-year gold bonds for $100 stock, and so holds 516,819,800 of the $18,738,000 stock issued. See that company's statement (also
V. 93. p. 1787: V. 96, p. 1424. for proposition looking to ultimate merger.
DIVIDENDS.-P91. '92-'94. '95-'05. '06. '07. '08. '09-'13. 1914.
Since 1890
%1 5 534 Y'IY- 4 YIY. 6
6 8
6
3,3,

82

RAILWAY STOCKS AND BONDS

RAILROA D COMPANIES
(For abbreviations. &e.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Michigan Central (Con)-Debentures go1c1_13.xc•&r•
___ 1909 $1,000&c 57.634.000
Grand Cent Term, N
4 g A & 0 Apr 1 1929
MC new Mon Gr Riv Val 4.50 g;
text.Gxcecr
Grand Cent.Term.. N.Y.
4 ¢ M de S Sept 1 1959
84 1909
1.500,000
M C first mortgage on Kalamazoo &S ElavenaUn.r
M & N Nov 1 1939
5
39 1889 1.
do
700.000
-414141&c
do
Mich Cent 1st Mon Jack Lang & Saginaw g __seder
Reg at G C T; cp at GI Tr
3 A g M & S Sept 1 1951
1,000 1.714.000
379 1901
M C 1st M on Joliet & Nor Indiana 53,000.000 ¢-x
Guaranty Trust Co. N Y
4 g J & J 10 July 10 1957
45 1907
1.500.000
Jack Lana & Sag stock 3 A% yearly guar by end__ _
do
___ ____
3 A M & S Sep 1 1914 1 A
100 2.000,000
do
Grand River Valley stock rental in perpetuity_ _ _. x
84 ____
J & J July 1 '14.2 A % Jackson, Mich
5
491.200
100
Bay City & Battle Cr 1st M g gu p & I end_Mp_zc•
Union Trust Co. N Y
18 1889
3 g J & D Dec 1 1989
250,000
1,000
Battle Cr & Sturgis 1st al g guar p dc I end_Mp.zc•
do
3 g J & D Dec 1 1989
do
500,000
1.000
41 1889
TolCanSo&Det lstMS4,500.000_g_ gu (end)Ci.xc•&r_
Grand Central Term. N I'
4 ¢ J & J Jan 1 1956
59 1906 1.000&c d3.100,000
Detroit Itiv Tun 1st M 530,000.000 gu end__(1.xc•r•
do
do
___ 1911
414 g M & N May 1 1961
1,000 15,000.000
Notes 56.000.000
do
do
M & S Mar 1 1915
z
__ 1914
5.000 6.000.000
43
Middletown & unignv RR-lst M 5500.000.- Ba.y
Empire Trust Co, N 'Y
6 g M & N Nov 1 1933
200,000
13 1913 100 Ac
Second M 6% non-cons adjust Inc bonds red par y .
M & N Nov 1 1933
1913
250,000
Midland Continen-Coll trust gold notes red text_xc
_ _ 1912
6 g A & 0 15 Oct 15 1914-15 Spitzer, R.:wick & Co,NY
266.000
1.000
Midland Pennsylvania-lst M 52.000.000 gold reds L.
July 1912 coup not paid
...-. 1910
5 g J dc J July 1 1960
100 Sce See text
New York and Philo
Midland Val RR-lst Mg red 10214 beg '16-GPxc*
299 1913
5 g A & 0 Apr 11043
1.000 5.000.000
Adjustment mtge (2d income) gold red par FP_ xc*
Fidelity Tr Co, Phila.
299 1913
100 Sze 5.512.500 Up to5% Sept. 1 Apr 1 1953
Office, Philadelphia, Pa
Wichita & Midland Val 1st M g gu red par
xc
5 g A & 0 Jan 1 1931
___ 1911
1.000 1,025,000
Mill Creek & Mine Hill Navigation & R R-Stock_ _ _ _
___ ___
25
J & .1 July 1914 5% Reading Term,Praia, Pa
10
323.375
Milwaukee Lake Shore & Western-Milwaukee Sparta & Nor th Wes tern-Se e Chicago & North W estern
Milwaukee & Northern-See Chicago Milwaukee & St Paul
Mine Hill & Schuylkill Haven-Stock (6% rental) __
37 ____
50 4.210,200
5)4 .1 & J July 15 '14 3% Office 119 S 4th St. Philo
Farmers L & Tr Co. N V
Mineral Point & Northern-1st M 5450.000 gold .F.x
26 1905
1,000
5 g Id & N May 1 1925
450,000
Mineral Range-Consol mtge (text) gold red at 105_ze
55 Wall St, New York
593,0004 g & 5 g J & J Jan 1 1931
500 Ac
16 1891
General mtge Interest guar by Canadian Pacific_Fz
All owned by Can Pacific
4 g J & J Jan 1 1951
73 1901
100.000 1,000,000
Hancock & Cal cons mtge gold red at 105 assum_ _z
55 Wall St. New Yosk
5 g J & J ian 1 1931
325.000
1.000
34 1891
Minneap Red Lake & Manitob-lat M 5700.000 g.F.xe 3314 1905
First Trust & Say Bk, Ch
700.000
1,000
J & D 30 June30 1925
5g
Minneap. & St. L-Com. stock, $18,000.000
100 15,370,200 See text J & J Jan 15'04 2)4 Office, 25 Broad St. N Sr
Ce
Pref stk. 512,000.000 (V 70. p 1150) 5% non-c_ _Ce--- --.r.„
do
do
100 5,917,500 See text J & J Jan 15 '10 2)4
First mtge Merriam June to Albert Lea g___ F.zc•
do
do
7 g J & D June 1 1927
950.000
500 Ac
109 1877
Pacific extension first mortgage gold
do
do
6 g A & 0 Apr 1 1921
Ce.zc•
1.000 1.382.000
103 1881
First consol NI closed M g (V 59. p 1145)..Ce.xe•&r
do
do
BS & N Nov 1 1934
5g
1.000 5,282.000
363 1894
First & ref M 513.244.000 gold (518.0001) Rif__ _Cex
do
do
4 g Si de S Mch 1 1949
1.000 13,244.000
640 1899
Gold notes 52.500.000 secur by collet red par_Ceyc
do
do
F & A Feb 1 1916
6
g
2.500.000
1.000
1914
Refund and extenM;$75.000.000 g red 105.0se dcr•
d
do
Ago 1912 1.000 Ac 3,690.000
Q-F Feb 1 1962
5g
Car tr ser A g due $60,000 yiy (V 88, p 1373)Pe P.xc•
A & 0 To Apr 1 1919 Penn Cofer Ins.&c,PhIla
5g
a00.000
1,000
--- 1909
Car trust ser B gold due $18,000 yearly_ _PeP.xc•
do
do
A & 0 To Oct 1 1920
5g
108.000
__ 1910
1,000
do
Ser C part due yearly
M & N To Nov 1 1922
PePx
5
-__ _ 1912
148.000
1,000
c Of which 516.819.300 held by al V C & H R RR Co. d Inc $1,600 ,000 held by public and $1,500 ,000 own ed by Can So R y. on which no int.!veld
BONDS.-Battle Creek & Sturgis bonds for $500.000, but of this
was sub-guaranteed by the Lake Shore & Mich. So., 7 miles of the B.$79,000
C. & S.
being operated by that company. The 51,714,000 314s of 1901 are a first
mtge. on the Jackson Lansing & Saginaw RR., 379 miles (V.
p. 1061);
V. 76. p. 1027). Of the 818.000.0003 As of 1902. $4.000.00073.
are reserved
for additions, &c. V. 74. p. 728; V. 76. p. 102; V. 83 p
First 4s
on Joliet & Northern Indiana. see V. 84. p. 1367. 1428. * 1229*
Toledo Canada .So. & Del. guar.4s of 1906,see V.82. p.930 V.85 p.406.
As to Canada South. new guar. bonds. see that co. V.94. 9.082.'1249.
The Detroit River Tunnel guaranteed 50-year bonds ($30,000,000 authorized issue) are secured by a first lien on the double-tube
tunnel and approaches under the Detroit River. with terminals. Of the bonds.
518.000,000 4 As have been sold against cost of present property and improvements
in progress, the remainder being reserved under restrictions for
additions
and improvements, interest rate not to exceed 5%.
V. 92. is. 1499; V. 93.
p. 469; V. 94, p. 123; V. 98, p. 236. 386. 1156, 1244.
1693.
In April 1909 an issue of 525,000.0004% 20-year debentures
was authorized, of which $7.634.000 sold to provide for advances to Detroit
Tunnel Co. Of the 54.500,000 authorized 4s on Grand River Valley River
RR..
51.500.000 are reserved for double-tracking. &c.. and 41,500 000 for future
requirements. V. 88. p. 945. 1002. 1061. 1254: V. 90. p. 1554; V. 89.
p. 470: V. 90, p. 627. In March 1914 56.000.000 one-year 4A notes were
sold to retire the $4.000.000 43% notes due March 1 1914 and for construction work. V.98,9. 690. The $2.000,000 one-year 6% notes due
Aug. 27 1914 were paid. V. 99. p. 609.
Jointly with four other roads, covenants to pay New York Central Lines
561.000,000 car trusts of 1907. 1910, 1912 and 1913,the company's share of
equipment trusts outstanding Dec. 31 1913 being 52,343.829. 54.416.237
$2.123,953 and $2,055,234, respectively. V. 85. p. 1402: V. 86. p. 168:
V. 88, p. 761: V. 90. p. 1677: V. 92. p. 807.
EARNINGS.-8 mos.,f1914
Gross. $22,121,986: net. 55,277,230
Jan. 1 to Aug. 31. 11913
Gross. 24.155,945; net, 6,077.022
ANNUAL REPORT.-Report for 1913 at length was in V. 98. p.
1066, 1083.
Year ending Dec. 311913.
1912.
1911.
Railroad revenues
536,011.886 532.911.753 $30.164,490
Operating income after taxes
$7,290,381 $8,564.111 $7.505.023
1.246,057
1,060,663
1,170,957
Other income
Gross corporate Income
Rentals leased lines
Interest on bonds,&c
Other rents and miscellaneous
Hire of equipment
Dividends. 6%

58,536,438 59,624.774 58.675,980
53.662.314 $3,545,5791 $5,141.625
1,432,3173
1,554.500
661.936
820,898
765.255
1.376,527
1,099,647
652,736
1.124.280
1.124,280
1,124.280

Balance, surplus
5158,881 51.602.053
5992.084
Pres.. A. 11. Smith, New York.-(V. 98, p. 1244, 1460; V. 99, p. 609.)
MICHIGAN EAST & WEST RR.-Manistee to Marion. Mich., 73 m.:
Filer City to Sands, 2 m. Successor Jan. 1 1914 to the Manistee & Grand
Rapids RR., purchased at receivers' sale Aug 12 1913 by David G. Joyce,
James Stanley Joyce and Frank R. Leffingwell of Chicago. V. 91. p. 887.
365; V 98, p 74. Stock. 51.000,000; outstanding, $200,000; par, $100.
No bonds to be issued at present. For year ending June 30 1913 (old co.),
gross, 593.544; oper. def. after taxes, $4,796; other income, $64; charges,
$25,592; bal.. def.. $30,325. Office, Manistee, Mich.-(V.98, p. 74. 236.)
MIDDLE'TOWN & UNIONVILLE RR.-Middletown, N. Y., to
Unionville, N. Y.. 13.65 miles. Has an agreement with the N. Y. Ontario
& Western Ry. for the use in perpetuity both of the terminal in Middletown and of the mile of track used in entering that city.
Incorp. in N. Y. Nov. 14 1913. Successor, per plan. V. 97, p. 837,
Dec. 1 1913 to Middletown Unionville & Water Gap RR.,foreclosed Oct. 25
1913, which was controlled by N. Y. Snag. & West. IV., but reorganized
independently. Stock, 5150.000. held in 5-year voting trust, with authority in majority of trustees to sell same.
For 7 mos. ending June 30 1914. gross. $42,860; net, $11,864; int. and
taxes, $9,470: bal., sun,$2,394. Chairman, Newman Erb; Pres., Charles
I. Henry.21 State St., N.Y.; V.-P.& Gen. Man.,J. A. Smith; Treas.. Garrett T. Townsend; Sec., Frank H.Finn.-(V.97, p. 1663; V. 98. p. 387.)
MIDLAND CONTINENTAL RR.-(V. 95, p. 1608; V. 99, p. 1130.)
MIDLAND PENNSYLVANIA RR.-See page 141.
MIDLAND VALLEY RR.-Owns and operates from Excelsior, Ark..
south to Hoye. Ark., and north to Fidelity, Ark.; also from Excelsior west
to Silverdale, Kan., and from Jenks,0. T., to Glenn Pool. 0. T.. a total of
299 miles; also operates under trackage from Haney Jct., Ark., to Ft. Smith,
16 in., and Silverdale to Arkansas City, Kan.,9 miles; leases Wichita &
Midland Valley RR., Arkansas City to Wichita, 51 miles, for 50 years from
July 29 1910, for 25% of the gross earnings (and any deficiency necessary
to meet the bond int. and taxes); total open. 375 in. V. 92, p. 462. 796.
ORGANIZ'N.-In 1913 readjusted without foreclosure, V. 96, P. 554.
STOCK.-Auth..common,$16,000,000; pref., 55.000,000; outstanding.
54,006.500 each of common and 5% pref. (prin. and div.); par,$50. Stock
Is all held in a voting trust terminating Jan. 1 1924 or at any time after
May 11918. at the discretion of the voting trustees; Edward T.Stotesbuz7.
Sidney F. Tyler, J. R. McAllister, Lloyd W. Smith and Francis I. Gowen.
The pref. stock is redeemable at par on any div. date after July 1 1916 on 30
days notice, and subject to the right of the Cherokee Construction Co.
(which owns all of the com,stock) to purchase as follows: During 1914 and
1915 at 35% of the par value: 1916 and 1917. 40%; 1918 and 1919. 45%;
1920 and 1921. 50%; 1922 and 1923, 55%•
BONDS.-The first 5$ and adjustment M.(Income) 5s, issued per plan
V. 96, p. 554, are a first and second lien, respectively, on (1) the entire
property; (2) the leasehold interest in the Wichita & Midland Valley RR.
and all the 51,025.000 old bonds of the latter and 5460.000 of Its $459.300
common stock: (3) all of the $250.000 stock and 51,250.000 1st M.5s of the
Sebastian County Coal & Mining Co. owning about 18,500 acres of semianthracite coal landa. Of the first Es. 55.000,000 have been issued on




account of retirement of outstanding bonds and other indebtedness and
Impts.. &c..and the remaining 510.000.000 are reserved for 85% of the cost
of impts., extens., &c., under careful restrictions. See V. 96, p. 1423, 1489.
The Interest on the adjustment M.bonds is to be paid annually, if earned,
but is not to become a fixed charge, and is not to be cumulative unless the
Cherokee Construction Co. shall exercise the option to purchase the pref.
The $3,512,500 Series A bonds are to have priority both as to lieu and
payment of interest over the $2.000,000 Series B bonds.
Gross, $242,049; net. $34,183
EARNINGS.-2 mos.,f 1914
Gross, 270,664: net. 51.759
July 1 to Aug. 31. 11913
gross.
Report for year ending June 30 1913.in V.97.p. 1495. In 1913-14,
interest,
$1,617,566; net, after taxes, $195.646; other ncome, 5164.187;
$970,1914,
30
Juno
def.
Total
$40,908.
rents, &c., $318,926; bal., sur.,
668. Pres., Charles E. Ingersoll; Sec. & Treas., ii. E. Yarnall. Office,
Franklin Bank Bldg., Phila.-(V. 97, P. 1495.)
Jct. to
MILL CREEK & MINE HILL NAVIGATION & RR.-Mill Creek
60.94 m.
Broad Mountain, Pa.. 3.79 m.: second track, 3.79 in.; total track,
in
assumed
lease
RR.;
Reading
&
Phila.
Leased in 1861 for 999 years to
1896 by Phila.& Reading nailWall. rental, 533.000 and taxes.
to
Schuylkill
Haven
MINE HILL & SCHU LKI LL HA VEN RR.-From
Ashland and Enterprise Jct., 36.72 m.; 2d track, 18.85 m.; total track.
for
999
new
lease
under
stock
on
6%
129.91 m. In 1897 rental reduced to
years from Jan. 1 1897 to Phila k Read. fly. Co.;2 A % is paid in Jan. and
3% in July. A % being deducted for taxes.-(V.96, p. 1365, 1423.)
MINERAL POINT & NORTHERN RV.-Highland to Highland Jct..
Pitts.. 26.4 miles; trackage Highland Jct. to Mineral Point. 4.2 m.; total,
30.6 miles. Incorporated in Wisconsin Oct. 17 1899. Stock, all Issued.
$550,000: par. $100. Bonds, see table above. For year ending June 30
1914, gross, $90,806; net. $11,497; int.. taxes, &c., $31,157: bal., def.,
$19,660. Pres., M. F. Chase; V.-P., A. P. Cobb, New York.
MINERAL RANGE RR.-Houghton, Mich., to Calumet, Mich., 14 in..
Hancock to Gratiot Mine,23 ms branches. 28 m.; South Range exten., Keweenaw Bay to Riddle Jet., 36 in.; trackage, 4 m.; Mohawk RR., 17 in.;
total, 122 miles.
In 1895 paid dividends of 1034%: In 1896. 7%; 1897. 7%; 1898, 314%:
none since. Stock. 51.500.000; par. $100.
BON DS.--consols for $1,000 are reserved for $3,000 old bonds. Of the
5593.000 outstanding. $339.000 are 5s; the Can. Pad, on June 30 1914 owned
the remaining $254.000 (which are 45) 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.
rs• 785. In July 1913 $115.000 notes were authorized. V. 97,p. 176. Of
tonnage In 1913-14. 83% was ores and mining products. Equip, trust
notes June 30 1914. $493.599, including deferred interest.
EARNINGS.-For 2 months ending Aug. 31:
Net.
Other Inc. Charges.
Two Mos.- Gross.
Balance.
548.237
1914
5153,089
$26
3:8
80
98
2
d
suefr:$24
1:6
098
76
1913
77,356 def.1.313
$464311
REPORT.-For year 1913-14. gross, $514,458; net, after taxes 530.675'
other inc., $4,897; charges, $111.662; def.. $76.190.-(V. 97. p. 176.)
MINNEAPOLIS RED LAKE. de MANITOBA !U.-Bemidji to Redyb,
Minn., 3314 miles. Stock. $100,000; bonds (see table). For year ending
June 30 1913. gross. $59,909: net, after taxes$10 027; Int, on bonds.
$35.060; other charges, $4.367: bal., def. $29'.340 Pres C A Smith:
See., A. Ueland; Treas., A. L. Molander. '
Office, Bemidji. *Minn.*
MINNEAPOLIS & ST. LOUIS RR.-(See Map.)-Road Includes:
Road OwnedMiles.
Leases(AU Stock Owned)Minneapolis to Angus, Ta
Ia. C. & W..Belmond to Algona 37
Hopkins, Minn., to Leola, S.D..3
260
30
Leases (Part Stock Owned)Conde to Le Beau, S. D
Des Moines & Ft. Dodge RR.•_137 Si
Winthrop,Minn..to Storm Lake.115
54
Trackage
32
Iowa Jct., Ill., to ManlyJct ,Ia.363
Manly Jet.. Ia., to Albert Lea,
Branches
129
Minn. (owned jointly)
28
• See this company.
Total owned and operated
1.585
Leases to C. R. I. & P., Albert Lea to Iowa Line, 13 m.,incl. above.
HISTORY.-A reorganization in Oct. 1894, per plan in V 59, p. 371
In Dec. 1911 absorbed by purchase the subsidiary Minnesota Dakota &
Pac.(229.6 m.)and allied Iowa Cent. RR.(558 m.). V.93. o. 1668. 1726.
The Minneapolis Terminal Co. was incorporated in Nov. 1913 with
$500,000 stock by officials of the M.& St. L. V. 97, p. 1583.
The stockholders will vote on Nov.10 191400 purchasing the Des Moines
& Fort Dodge RR.,$800,000 pref.. 52,200.000 common stock and $500,000
ref. and ext. 5s to be issued for the purpose. Holders of D. M.& Ft. D.
minority stock will receive for each $100 pref. $66.67 pref. and $33.33 corn.
of Minn. & St. Louis and for each $100 corn. $50 Minn. & St. L. common
stock. V. 98, p. 1537, 1845.
In Aug. 1911 new interests entered the directory. It Is proposed to
extend the Minn. A St. Louis from Watertown, S. Dak., to the Canadian
border, about 235 miles, at a connection with the Canadian Northern and
the Grand Trunk systems, the Minn. St. Louis ZS Canadian By. being Incorporated in July 1912 with 57.000,000 stock to build the road; also to connect the former Iowa Cent, with the Missouri Kansas & Texas at Moberly.
through trackage contracts. This would give the Hawley system a through
route from the Canadian Northwest to Galveston. Tex.; also proposed to
make the Peoria line, by some new construction and connections at Peoria.
an east-and-west line to Omaha. V. 93, p. 469, 666; V. 94, p. 68; V. 95.
9.236. The options on Green Bay & Western RR,stock, etc., were allowed
to lapse in March 1913. V. 95, p. 1207; V. 96. p. 487, 947.
STOCK.-After 5% on each, pref. and corn, share pro rata. In Deo.191
the authorized pref. was increased from $4,000,000 to $12.000.000 and the
COrn. from $13,300,000 to $18,000,000. Of the stock, $1,917,500 pref. and
$9,370,200 corn, was issued (per plan, V. 93, p. 1668, 1324) in connection
with the merger of the Iowa Central.
1 '97. '98. '99. '00. '01. '02. '03. '04. '05 to Jan.'10.
DIVIDS.
j 3 3A 4 A 5 5 5 5 5
None
Preferred
5 yearly
since
-None--- 1)4 4
Common
5 5
234
0

MINNEAPOLIS & ST. LOUIS

'goose
Nide Lars
ot•
.tinckleY - •

RAILROAD & CONNECTIONS..

rantsbun; W

Tt

RAILWAY STOCKS AND BONDS

ed Wing

.
1k
.
e
v.
:
.a.
CY4 6871
qST
;;Ett
'8
'R'
37154.)1114
7
:
1
1

Rt;

L".°C.P3ot
N. W.ORAN
Carroll
A nkt
&7rareg
0E5 MOINE

•

Jamestown
0
. Lenora
Stockton

••-+




L.rar

th e?
ed •
M. Tkiroo
C
' ea
SPENCER
.4'
C.
ereo*rVZ
C

no.
Downs

B atte.

e•

griTetc
C•!Arr.
naval.) Ja.
N..Talotor

84

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations. &c.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate

When
Payable

[VOL. xclx.
Last Dividend Places Where Interest and
and MaturUy ! Dividends are Payable

Minneapolis Er St Louis-(Concluded)
June 1 1938
Bankers Trust Co, N Y
5g
Ba.zo•
501 1888
$1.000 87.650.095
Iowa Central 18t M g (V 40, p 582)
Moh 1 1951
do
4g
do
539 1901
1.000 7.156,000
1st ref mtge 125.000.000 g (see text) Un.xc•&r
To May 1 1919 Penn Co for /ns,&o.Phila
-fig
160.000
1909
1,000
Iowa Cent car trusts ser A due $32,000 yrlY-PeP.xo•
Oct
1
1920
do
To
0
or
d
A
ser
B
due
$16.000
$15.000
YrlyPep.xo•
fig
trusts
91,000
1,000
1910
Car
Central Trust Co, N Y
Jan 1 1935
4g
"13 1905
1,000 3.072,000
Des Moines & Ft Dodge gold guar p & I__Ce.xc*&r'
New York
July 1 1932
1912
6g
190,000
1,000
Hock Coal 001st M 8600,000 gu red 105 sf Em.xc*
Oct 15 '14 334 Minn office; checks mail
100 25,206.800 7 In 1914 A
_
Minn St Paul & S Ste Marie-Corn stock 142.000.000 -do
do
Oct 15'14 334:
preferred stock 7% non-cum $21,000,000
100 12.603,400 7 in 1914 A
Apr 1 2008
I
Wisconsin Cent leased line ctfs $12,500,000 auth
A
4
100 11,169.600
Bank of Montreal, N Y
Jan 11928
4g
495 1886
Minn Sault Ste Marie & Atlantic 1st M gold_Ce.zc•
1.000 8.136,000
do
do
Minneapolis & Pacific first mortgage
Ce.zc•
Jan 1 1936
286 1886
4 (5)
1,000
286.000
do
do
Ce.xc• 3.114 1888
July 1 1938
4g
' Cons mtge gold lot guar (end) see text
1.000 56,863,000
do
do
Tan 1 1949
Second mortgage $5,000,000 gold lot guar___-Ce.x 3.114 1899
1.000 3.500,000
4g
New York & London
Nov1 1941
• Chicago Terminal joint 1st 11 g red text- G.xc•&r•
1911 1.000 &c 6,000.000
4¢
do
do
To Jan 1 1017r
1907
Car trust Ser A due $96,000 semi-annually __Ce.x
1.000
5
490.000
do
do
Ser B due $61.000semi-annually_Ce.x
do
To April 1 1920
1910
1.000
434 A
671,000
York
1921
New
•
Ser C gold due $60,000 seml-annualli_Ce.x
1
do
Mch
1911
To
1,000
780,000
414 g
de
Ser D g due 151,000 s-a (V 95. ro 750)- _x
1912
To June 1 1922 Bank of Montreal, N Y
1.000
816,000
434 g
do
do
•
do
filer E g 8159.000s-a(V.96,p.203) -dace
To Jan 1 1923
1.000 2,703.000
1913
4)4 g
Ser F due $60,000 s-a(V 97.p 1663)- CiPe*
Girard Trust Co., Phila.
do
1913
To Dec 1923
1,000 1.216.000
5g
1st Nat 13k,St Paul,Minn
Minnesota Transfer-First mtg($1,149,000 are 45)_ze
1886
1,000 2,054,000 4&6
A Aug 1 1916
Mississippi Arkansas &Western-lst Mg red par _CC.z
Cant & Corn Tr & SB,Ch
8 1902
1,000
Jan 1 1922
5g
220,000
Harvey Fisk & Sons. N Y
164 1909
Miss Cent-1st M $10.000.000 g gu red (text)_
500 &(:, 3.992,500
July 1 1949
5g
1st N Bk,N Y & StLouis
65 1911
Miss Riv & Bonne Ter Ry-lstM $2.500,000 g red 105x
1,000 2.500,000
Oct 1 1931
5g A
• Equipment trusts due $50.000 s-a red par-SSLxo•
1911
1.000
To July 1 1916 1st Nat Bk. N Y & Chic
200.000
5
1901
Mo& III Br & Belt-StC M & St LB 1st M red g_SSt.zo•
St. Louis, Mo.
1,000
Jan 1 1951
4g
758,500
Consolidated mortgage $2,000,000 authorized g__ x
1904
1,000
St Louis Union Trust Co
4g
790.000
Jan 1 1951
Missouri Kansas dr Texas-Common stock
100 63,300.300
Preferred stock 4% non-cumulative
100 13.000.000 See text
N Nov 10 13 2% Checks mailed
First mortgage gold
Ce.z 1.599 1890
4g
500 &c 39,999,500
Office 71 Broadway
D June 1 1990
Second mortgage gold
Ba.z 1,599 1890
do
500 &c 20.000.000
o
A June 1 1990
4g
First extension mortgage gold $3,254,000-Ce.xc•
163 1894
do
5g 1.1
1.000 3.253.000
do
N Nov 1 1944
St Louis Division first refunding mortgage_ ..F.xxo•
1901
do
1,000 1.924,000
do
0 Apr 1 2001
4g A
Missouri Kansas & Eastern 1st M gold assumedCe.xx
162 1892
do
5g A
do
1,000 4,000,000
0 Apr 1 1942
Second mortgage guaranteed, toeing retired_ _ _xx
162 1892
do
do
1,000
0 Apr 1 1942
A
fig
58.000
($20,000
m) g ass
Ce.xxc•
Sh Sh & So 1st M
182 1893
do
1,000 1,689,000
do
D June 1 1943
5g
Kansas City & Pacific 1st M gold assumed --Ce.xo•
130 1890
do
1,000 2.500.000
do
A Aug 1 1990
4g
M Ii & Okla 1st M $5.468,00101 g assumed ---Ce.xc•
227 1902
do
do
N May 1 1942
1,000 5,468.000
5g
Texas&Okla 1st M 12.347,000 gold assumed_Ce.xo•
117 1903
do
1,000 2,347,000
do
S Sept 1 1943
fig
First & ref mtge $40.000,000 gold (see text)_ __F.:
_ 1904
do
do
100 &o 9.992,000
S Sept 1 2004
4
•
BONDS, &C.-Bonds due 1927. Nos. 1,101 to 1,400, for $500 each. addi- value, the remainder being reserved for not exceeding 80% of cost of eatentional to those above, were assumed by B. C. R. & N.(now C. R. I. & P.). .dons and Improvements. V.93. n. 1463: V. 95. n. 745
First refunding mtge. of 1899 is limited to $13,244,000. The mtge. is a EARNINGS (Road proper).J1914____Gross, 83,126.564: net, 8839.699
1st lien on 277 miles of road,&c.,and a blanket lien on rest of property, and 2 mos.. July 1 to Aug. 31.11913__Gross. 3,401,995; net, 933.020
is further secured by deposit of$2,530,000 Des Moines & Ft. Dodge common
REPORT.-Report for year ending June 30 1914 was in V. 99. p. 888.
stock. V. 68, p. 187, 332; V. 79. p. 2147; V. 80. p. 2220; V. 87, p. 1420;
1911-12.
Year ending June 301912-13.
1913-14.
V.88. p. 295, 452, 506. See V. 69, p. 32.
2.741
1914
are
2.915
now secured by deposit of$5,500,000 Average miles operated
2,982
The 82,500.0006% notes of
Gross earnings
818,274,379 320.968,554 816,770.700
of the ref. and ext. M.Es of 1912. V.98. p.304.
6.396,142
8.015.489
5,326.095
The "refunding and extension" 50-year bonds, dated Jan. 1 1912 ($75,- Net after taxes
1.058.236
871,051
1,083,244
900000 auth. Issue) are secured by a general lien on properties now owned. Other income
subject to existing liens, and, through the retirement of the bonds of the
87,454.378
$8,886,540
Gross
86,409,339
Dakota
&
Pacific+
By..
corporate
became
a
income
Minnesota
first lien on the property of said
$2,955,928 $2.750,375 $2,659,855
M. D. & P. By., constituting the recent extension to the Missouri River, Interest on bonds,&c
445,837
445,837
446,764
229.6 miles; they will also be a first lien on contemplated extensions; Int. on Wisc. Cent. leased line certfs_
124,396
162,926
Rental
of
153,145
sold
in
1912,
terminals
and $5,500,000 deposited under the notes
82.500,000 were
805.679
882,238
882,238
due Feb. 1 1916. Of the remaining bonds. 839,891,000 were reserved Preferred dividends (7%)
1.611,358
1.764.476
1.764,476
Dividends
on
amount
of
underlying
like
bonds.
common
a
retire
$1,036.000 to retire equipment
(7%)
to
obligations, $11.073,000 for improvements, second track,
$3,000,000
,
88188
.80
07,253
.88
8 81s6r.
.
29
,9
88
.0p
Balance
83;
8sr $
79
su
n
r$
12
60
,61.9
to purchase rolling stock and $10.000.000 for additional road,
Soc.'branches or
-(V.
97,p.
800,
1688:
1663; V.98.p.453.
V. 94. p. 279. 487. 631; V. 96, p. 136; V. 98. P.
terminals. V. 93, p.
1316.
miles,
ex13.54
MINNESOTA TRANSFER R Y.-Union road owning
GENERAL FINANCES.-The stockholders on March 31 1914 author- tending
from junction with Chic. Milw. & St. Paul at Merriam Park to Fridized the sale of(a)$870,000 First & Ref. Mtge.4% gold bonds and 8750,000 ley (with stock
miles.
88.19
total.
yards,
miles;
&c.); side tracks, 74.65
Ref. & Ext. Mtge. 59 of Minn. & St. Louis RR.; (b) $612,000 First & Ref. V. 67, p. 956. Stock. $63.000,
equally owned by Chic. Milw. & St. Paul,
Mtge. 4% gold bonds of Iowa Central By. Co.-V.98, p. 1072. See also Nor. Pac., Chic. St. Paul Minn. &
Omaha, Minn. & St. LOUIS, Chic. Burl. &
"HISTORY- above.
Quincy,
Great North.,
Great West., Minn. St. Paul & Sault Ste. Marie
The $3,072.000 Des Moines & Fort Dodge 4% bonds dated Jan. 1 1905 and Chic. Rock IslandChic.
&
bonds can be issued for imPacific.
are guar., p. 1St i. V. 79, p. 1704, 2696. Also $200,000 Hocking Co. 1st provements, &c. Principal only IsAdditional
payable In gold. Mortgage trustee.
Os (8600.000 auth. issue). V. 96. p. 360.
Northwestern Trust Co., St. Paul.-(V, 67. P. 956.)
EARNINGS.-12 mos..11913-14Gross, $9,620,884; net. $2.288,549
MISSISSIPPI ARKANSAS & WESTERN R Y.-Owns Blissville, Ark..
1912-13___Gross, 9,707,003: net, 2,617.373
July 1 to June 30.
For 7 mos. ending Jan. 1 1914. net, 81.802,223, against $1,917,583 in to Vinson, 8 miles. Stock auth., 1220,000. Year 1912-13, gross. $15.010;
1911-12; other income, $680,113; taxes accrued, $252,979; int., rentals. net. $2,025; Int. & taxes, $11.821; bal.. def.. $9,796. In 1911-12, gross,
123.222; net, $10,540. Pres., A. P. Bliss, Saginaw, Mich.; Sec., F. I...
&c., $2,073,725; bal., sur., 8155,632. V. 98. p. 1316.
Gregory, Blissville. Ark.-(V. 75. p. 442.)
ANNUAL REPORT.-Report for 1912-13.in V.98. p. 301. 310,showed
MISSISSIPPI CENTRAL RR.-Owns from a point 14 miles south of
results on 1.586 miles:
1911-12.
1912-13.
1911-12.
Hattiesburg, Miss., to Natchez. 164 miles, including the former Natchez &
J'ne 30 Year. 1912-13.
Oper. revenue$9,707.004 $7,954.116 Ded't bd. int-$2.052.038 82.038,498 Eastern,Natchez. Miss., to Brookhaven,66 miles, taken over by consolida91,724 tion in June 1909. Extension proposed to Gulf of Mexico. Stock auth.,
Net (aft. tax.) 2,617.011 1.443,302 Int.,dis.,exch.,&c 105.744
88,642 and outstanding, July 1914, 33,940.000; par. 8100. Dividends of 6%
163,033
108,521 Hire eq., bal_
155.698
Other incomeyearly paid to Oct. 1 1907; Aug.. 1913, 1%;Feb. 1914,1
Total net Inc- 2.772.709 1,551,823
sur.$451,894def.$667,041
Bonds.-lst M. bonds dated July 1 1909, limited to $10.000.000. are issuBalance surplus or deficit
able
at $25,000 p. m.; they are subj. to call by lot at 110 for yearly sinking
OFFICERS.-Pres.,Newman Erb, V.-Ps.,C.W.Huntington,Minneapof $300 p. m.of road covered from July1 1912: also as an entire issue at
fund
Y.
Doan.,
N.
Sec.,
A.
0.
F.
H.
Davis;
N.Y.;
Treas..
Davis,
H.
F.
olis, and
price They are guar., p. .33 I.. by U.S. Lumber Co. V.88. p. 1561.
same
Office. 25 Broad St.
Gross, $160.193; net. $65,100
EARNINGS.-2 mos., 1914
Directors.-11. E. Huntington, F. H. Davis, Frank Trumbull. Theo. P.
1913
Gross, 181,879; net, 73,045
Frazier,
W.
M.
P.
July 1 to Aug. 31.
Shonts, A. C. Doan, Newman Erb, W.J. Wollman, F.
Year ending June 30 1914. gross, 8945,741; net, 8306,961; other income,
Wadden, New York.-(V. 98, p. 1460, 1845: V. 99, P. 197, 538, 1131.)
sinking
int.
on
bonds,
8205,000;
fund,
849,200; bal., sur.. 8134,$81,351;
MINNEAPOLIS ST. PAUL & SAULT STE. MARIE RV.-Owns main 117. In 1912-13. gross,8968.536; net. 3323.739. Pres.,F.L.Peck;
Sec.,
line from Sault Ste. Marie. Mich.. via Minneapolis to Portal. North Dakota, G.
Office,
Hattiesburg,
Miss.
-(V.
90,
p. 1)71; V.99,p. 1052.)
Royce.
F.
at international boundary line, there connecting with Canadian Pac.. 1.040
MISSISSIPPI RIVER & BONNE TERRE RV.-Owns Riverside, Mo..
miles; branches, Hankinson,N.D. to Max,305 miles; Glenwood,Minn., to
Noyes, 265 miles; Thief River Falls, Minn., to Kenmore, N. D. 296 m.; on Mississippi River. to Doe Run, Mo.,46.44 miles. with bra nches, 18.10
m.•.
Fordville, N.D.,to Drake, N.D 131 miles; Moose Lake,Minn.. Plum- also 43.44 miles of Industrial tracks; total tracks about 108 miles. In July
mer, Minn., 193 m.; Wishek, N. D.,to Pollock, 70 m.; Brooten to Duluth, 1912 purchased St. Francois County Electric By. V.95. p. 236.
Minn., 187 m.: other branches, 525 m.; spurs,8 m.•. total July 1914, 3,020
STOCK.-Stock auth. and outstanding. $3,000,000: par $100. Divs.
miles; also trackage to Minneapolis, 8t. Paul (being replaced byline owned; paid from 1900 to 1910.6%; 1910-11, 7%;'11-'12,6%;'12-'13. 5%.
V. 83, p. 38) and Sault Ste. Marie, Duluth and Superior, 22 m.• leases
BONDS.-The $2.500,000 1st M. gold 5s 01 1911 are secured by a closed
ExtenWisconsin Central By.(which see), 1,059 miles; total. 4,102 miles. '
first mtge. on the property owned and hereafter acquired except about onesion from Plaza to Missouri River.33 m., under construction Sept. 1914.
In value of the equipment, and further by deposit of a $2,500,000
half
Owns Lawler to Cuyuna. 37 m., not incl. in above. V.91, p.912, 787.
20-year 5% note of the St. Joseph Lead Co., the latter having no bonded
HISTORY.-A consolidation In 1888 of Minn. Sault Ste. Marie &
debt, and agreeing to create none during life of note without securing
Minn. & Pac.. &c. See V. 46. p. 538. 609: V. 77, p. 628.
the same equally and ratably with all bonds secured under such mortgage.
In 1909 51% of Wisconsin Cent, corn, stock was purchased, affording a They air redeemable at 105 as a whole or by lot for a sinking fund of $25.000
Chicago connection, the road being leased for 99 years from April 1 1909: yearly for first 5 years and 850,000 a year thereafter. V.93. p. 589,871.
111.169.6004% leased line Ws. were issued (to June 1914), secured by the
EARNINGS.-For year ending June 30 1914, g.ross, $679,110; net.
Wisconsin Central pref. stock. V. 88, p. 232. 564, 686; V. 98. p. 1668.
In 1912-13, gross, 8777.118; net, $253,784; other income,
Int.on Wisc.Cent.1st & ref.4s(16.000.000 out)is guaranteed. V.95, p. 968. 8250,636. bond
Int., 8146,354; other charges, $83,296; diva. (5%),$150.
In 1911 the Central Terminal fly. was organized to build a new Chicago $166,374;
bal.,
Bur..
$40,507.
000:
from
the
Illinois Central. See
terminal to replace the facilities leased
Pres., Dwight A. Jones; Vice-Pres., R. R. S. Parsons: 2d V.-P., Edward
BONDS below. V.93, p. 1463. 1387. 871, 285; V.95, p.745.
0. Smith; Treas., G. S. Parsons; Sec.. F. P. Graves: Asst. Sec. Irvin H.
STOCK.-Canadian Pacific in July 1914 owned $12.723,500 common and Cornell. Office, Bonne Terre, Mo., and 5 Nassau St., N. Y.-AV. 93, To•
$6,361,800 preferred. Preferred stock has a prior right to 704 (non-cum.): 286,589. 871; V. 95,P. 236.)
549;
V.
92,
p.
882.
pro
rata.
V.
75.
p.
then corn. to 7%; then share
MISSOURI ARKANSAS & GULF RY.-See page 141.
Stockholders voted Sept. 16 1914 to increase the authorized stock from
MISSOURI & ILLINOIS BRIDGE & BELT RR.-Has bridge 2.100 feet
$42.000,000 to $63,000,000. consisting of $42,000,000 common and
long across the Mississippi River at Alton, Ill.; also 2 miles of road. Owned
$21.000,000 preferred. V. 98. p. 1993.
DIVIDENDS.- 1 '03. '04. 05. '06. '07. '08. '09. 1910 to Oct. 1914 by Cleve. Cinc. Chic. & St. Louis, Louisville & Nashville, St. Louis Iron
7 yearly
Mtn. & South., Bait. & Ohio. Missouri Pao., Wabash, Chic. Rock Island &
7,,f 2 4 4 4 4 6 6
Common
St. L. & San Fran., Mo. Kan. & Texas and St. L. Vandalia as Terre
BONDS.-Can. Pac. guarantees 4% int. on all old bonds assenting to a Pee.,
Haute (Penn. RR. system). Incorporated In Aug. 1904 as successor of the
reduction of int. to 4%;also on consols of 1888. (See V. 50. p. 784; V. 51. St. Clair Madison & St. Lotils Belt Railroad. V. 79, p. 1642, 681. Stock,
issues
other
all
Minn.
&
Pac.
bonds
and
practically
one-half
About
239.)
p.
$2,500,000: outstanding. 1187.000. For year ending June 30 1914,
assented. Abstract of Minneapolis Sault Ste. Marie & Atlantic mtge. In gross, S55,162; net,832.311: other income. 876,456; int. & taxes, $71,411:
V. 45. p. 243. The consolidated mortgage of 1888. abstract V. 47. p. 142. rentals and other charges,839,356; bal., sur., none. Pres.
Pres., Henry Miller;
prior
retire
800
miles
reserved
to
S21,000.000
on
(sufficient
of
this
was for
Treas., W. F. Bender. Lincoln Trust Bldg., St.
88.
bonds) and for 820.000 per mile on all additions. Outstanding amount Is Sec. &
however, restricted to three times the stock. V. 94, p. 351; V. 73, To. 185; p. 1128.)
RY.-(See
Map.)
&
TEXAS
1664;
KANSAS
-Operates
a
80,
V.
89.
MISSOURI
line
1332:
V.
D.
1011,
with
820:
V.
p.
79, P.
051: V. 87.
V. 78. p
p. 779; V. 91, p. 1026; V. 95. p. 544; V. 98, p. 1316. As to 2d 4s, see northern terminals at St. Louis, Kansas City, Junction City and Hannibal.
Mo., extending southerly across the Indian Territory and the Texas cotton
V 68. p. 669, 771. 977; V. 71, p. 845: V. 85, p. 1646; V. 96, p. 1089.
• The Chicago Terminal 1st M. 30-year gold 48 ($20,000,000 emir.) are se- belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio.
cured under a joint mtge. with Central Terminal By, on the terminals for Tex.. and Shreveport. La.. with branches. ('See this company.)
In June 1910 acquired $3,967,800 of the 14,000.000 stock of Texas
the Minn. St. P. & S. S. M. and Can. Pac. system lines. They are subject
See BONDS below.
to call on any Interest date beginning Nov. 1 1916 as a whole at 105 and Central, 309 miles.
In 1911 the stock of the Wichita Falls & Northwestern fly. and Wichita
fund
sufbeginning
Nov.
sinking
yearly,
11916,
by
a
at
10234
must be called
ficient to retire issue at or beforo maturity if not purchasable for less. The Falls & Southern Ry.,together operating 418 miles, was acquired.and the
86,000.000 bonds sold represent cash Investment equal at least to their par earnings have been included since Nov. 1 1912. V. 95, p. 1057.




85

RAILWAY STOCKS AND BONDS

Oa.,1914.]

Dubuque

Sioux C
1
111811

Oakdale
Norfolk

Je

Dunning

Ericson
Burwell

0North Platte

•

Fremont.

15.11\
0. W
1
Yo .k
ey
.ncl
ra I grimt

Dickensie

r*celmr1

r

, Racal:
.qiilarail,fr3lend°tA
ska o

•
Atlantic
Council

Platte R,

„171114:1ANA7ratiA
Cedar Rapt
Mannin

Mfrs
Creston

ttin wa

o
'

COL

Gal b
lkskn

Kxaio
Otto'

yvill
"lea. 1111
epubilca
1611Z
atrice
air
r u
ilitce
.

4

Milan

burn

lit

In

Beloit

Oakley

P XA

Lawr en
P.

Ellsworth

-N
Great BiCd.
Lamed
Kinsle

Attica
Kiowa

Blue Jaete
ertri-;

o

WOOGWAR • at
Sham•
,

Canadian

Pryor

E hl

act

Poplar Id

Sprs.

Fulton

\r—

WAGONER

0

Camargo

▪ Willannsvi le

Chetopa

At
Pondcreek

a

e
FORGANo .•''
..
•----,•t

Delta

I.

nfield

I nboldt

. V ROARK
4V111
, 2: GEE

eQ/7atii

451117.11.,.....ClintOn
Il•mmun
P.
v 11,10
. Carpeute
. ELK CITY
Mrl:
E.
.7.
.
Bri..21

Eutnul.
Cumujja
CROWDER

A/ "AZi.?it.

Clarendon

WILBU

4e4L.Rees
niowA -8rElt

Li-U
n4f17:441
FRE()VICK

VrItOn

Paducah

WI

an Buren.

'n
vitATCDTtOre

TON

•
Hugo

s•

LITTL Sc

ATOKA

DURANT &

-A

wtstrA
ot
-w
St):ing.3
Malvern

Caddo

Dto
Durk Tel

Knob
4
,
Kensett

Mansfield

8

vISew
Clarksdale
ft

Nash villa
Gurn

Grenada
West Poin

HITA FALr-16•
Law
Luke Wi.uu
j
RGMER,crry
Aquanur•
47iDbIlloamp

Hope
Ore

ood

gE)4ITON
Orth
Roanoke
EWCAsTiziE

.
41
0

bany

F0

WORTH

•j9.
"G.
CLESvg4,
ci
:y4vi4Lo
r a

Tyler
rou

HILLSB

PX. WACO
usville
Ha tiesburg
Tear

Clinton

ID

Co .ington

'Hu
Rouge
Orange
ea 'rout
Port Arth

=
•
Kenedy

Eagle PaEa

Victor'
ac

Deeville
kidin re
Cotulla
Enclnal
T.
Laredo




San Fordyce
Harli

ESTON

laYayette

.

BATON RO GE

Gulfport

A-N EW ORL

INS

86

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbrirviations. &c.. see notes on first page)

Miles Dale
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. xcix.
Last Dividend Places Where Interest and
and Ma!orgy
Dividends are Payable

Missouri Kansas & Texas-(Con)
Gen M 120.000.000 gold sink fund red at par-N.xo•
--- 1906
$1,000 $11,143 000
4 h g .7 & .1 Jan 1 1936
Office, 71 B'way. N Y
SW C & Imp 1st M assumed sink fund call 125--Fz
--- 1889
6
.7 & oT July 1 1929
950 000
1.000
do
do
Consol mortgage $125.000.000 gold authorized__ -x
-__ 1910
g A & 0 Apr 1 1940
See text.
5
Two-year seem' g notes $25,0100.000 red par_Ce.xc
___ 1913
New York and London
1.000 19,000 000
5 it II & N May 1 1915
Dallas & Waco 1st M $20,000 pm ggu p & I-Ce xxo•
66 1890
1.000 1.340 000
5 g SI & N Nov 1 1940
Office,71 Broadway,NY
M K & Tot Tex let M $20.000 p m__ _Ce.xxo.1 Gu.p.
225 1892
1.000 4.505 000
5 g M & S Sept 1 1942
do
do
Boonv Bridge IstM fr Fad V.73.p.494..Ce.zo•j& I__
_-- 1901
969000
1.000
4 g M & N Nov 1 1951
do
do
Equipt trust notesgold $95.000 due s-a call par_ Cex
--'14-J'ne
1913
'23
Dec
do
D
1.000
1.710
J
&
000
5
g
do
NI K & T of Tex equip tr notes 834,000 due s-a_Col
- __ 1914
-July
'24
Girard
15
1,000
5
J & J Jan
680 000
Trust Co. Phil&
Mo h N Ark R R-Rec ctts $2.5(10.0t so g red 101
z
- 1912
Mercantile
1915
1.000
May
1
1.406
Tr
&
000
N
fig
M
Co.
St L
Mo Okla & Gulf RR-lst M $20,000,000 (text)-SSt
--- 1911
Nov 1913 coup not paid
100 10.655 200
5
M & N Nov 1 1961
Mo Okla Gulf
First M 310.000,000g e.allablo at 107 and int-SSt.c*
350 1904
Nov 1913 coup not paid
100 &c 7,007 000
fig 111 & N Nov 1 1944
Second M gold
do
1.467 00(1
do
5 g M & N June 1 1925
Mo Olda & Gulf Ry of Tex 1st M $1,000,000_ -SSt
.... 1911
do
do
See text
1941
5
M 0 it G Ry ei Terminal first mortgage guar
do
do
1
1944
550
000
N
Nov
M
&
5
g
Missouri Pacific-Stock $240,000,000 authorized)_ ._
___ ____
100 83.251 085 See text .1 & .1 Jan 30 1908 214 165 Broadway,New York
Pacific RR of Missouri let M eat in 1888 gold- _-Ba
284 1888
Bankers Trust Co. PI Y
1,000 6.996 000
4 g F & A Aug 1 1938
Second mtge eat in 1891 in gold St L to K C_xo*
284 1871
do
do
1.000 2.573 000
5 g J & .1 July 1 1938
First mtge St Louis real estate ext in 1892 goid-x
___ 1872 500 &c
do
do
800
N
May
g
1
1938
M
&
000
5
First mtge Caron Br g gu p & (end) ext 1893-z
13 1873
do
do
500
500
g
A
237
&
0
Oct
1
1938
434
Third M ext 1906 red 105(V 83. p492, 1348) Ce_z
297 1876
1,000 3.828 000
do
do
4
Si & N July 1 1938
Missouri Pac 1st M Lexington to Sedalia. MG, g_ _z
57 1880 500 &c
do
do
650 000
F & A Aug 1 1920
5g
Consolidated mortgage $30,000.000 gold
.ze• 1,076 1880
1.000 14.904 000
do
do
6 g M & N Nov 1 1920
Gold collateral trust
Un.xc•&r 1.120 1887
1,000 14.375 000
do
do
5 g IS & S Jan 1 1917
First coil M $10,000,000 g(V.50. p.669)-Ba.zOnkr
671 1890
1.000 9.636 000
do
do
5 g F & A Aug 1 1920
Mortgage $37,255.000 g red at 1u234 -lia.xe•&r•
-- 1905
500 &c 37.255 000
do
4 g M & S Mch 1 1945
do
Ler & Caney V 1st Mg gu(V 70. p 1095)assumed.zo•
52 1886
1.000
520 000
do
5 g .7 & d July 1 1926
do
Verdigris Val laden & W let M g guar assumed_ ..z
81 1886
1.000
806 000
do
fig M & S Mch 1 1926
do
K 0 it N W 1st St pref "A" g assumed red 105-Baz
___ 1894
100 &is 1.024 000
do
do
5 it J it 3 Jan 1 1933
Cent Br U P lst Mg assum
Un.x
100 1898
1,000 2,500 000
4 g .1 & D June 1 1948
do
do
Central Branch let M gold assumed
Bag
288 1899
1,000 3.459 000
4 g F & A Feb 1 1919
do
do
Kan & Col Pao let ref M or gu assumed_ _Eq.xc*&r
_- 1908 1.000 &c 3.972 000
6 g F & A Feb 1 1938
First & ref M 1150.000.000 red cony text.H.xes
&r•
1909
100 ofcc 29.806 000
5 g M & S Sept 1 1959
Bankers 'Jr Co. N Y.
Boonville St LkSouth By 1st Mg gu red 107 h.Box 3,779
44 1911
1.000
500 000
5 g F & A Aug 1 1951
do
do
Secured gold notes red 101 ext at 6% '14-- Un.ye
--1911
1,000
24,942
&
000
D
6
g
J
June
1
Union Trust Co, N 'V
1915
Equip Assn oblig•ns. Ser F g last installment
1903
1,000
48 000
Equitable Trust Co. N Y
fig
Q-M Dec 1914
do
do
Ser G to I gold $220.000 yearly
.1905-7
1,000
369 000
New York
5g
Q-M To Dec 1916
I3Equip notes series 2 due $147.000 s-a red par-Ccx
1912
1.000 2,058 000
Columbia Trust Co, N Y
5
M & N To Nov 1921
..ehto Pao equip bds g $335.000 May 1 y'ly-Col xe*&r
1907
1.000
x o m ot, N mac
Central Trust Co. N Y
In Oct. 1912 purchased entire stock of Beaumont & Great Northern
RIL:
1910-11.
1911-12.
1912-13.
extending from Weldon to Livingston. Tex.. 49.3 miles.
V. 95. p. 968.
Net Income
$8.916.554 16.277.085 37,884.822
M.K.& T.Ry.-Ownea (166m.) Miles. M.K.& T.of Tex.-Oper.
(345
tn.)on bonds
15.965,362 15,570.078 $5,300,780
St. Louis to Red River
629 *Tex. Cent.(99% stock owned)- 309 Interest
Other interest. &c
148,152
110.791
68,459
Hannibal. Mo.. to Franklin Jct.. 105 *Wichita Falls Ry1Not
18 Rentals
662,184
579.048
565.748
K. C., Mo., to Parsons, Kan_- 94 Wascom to Shreveport
jowned. 19
Parsons. Kan., to Okla. City
203 Op.Jointly(a.)-M.7..& T.Ry (81 m.)
Balance, surplus
$17.168 $1.773.706
32.316.985
Junction City to Parsons. Kan- 158 St. Louis to Machens. Mo
27 Dividends on preferred stock (4%)
1520.000
3520.000
3520.000
K. C. Juno. to Paola. Kan
86 Kansas City to Paola
43
Wichita Falls Lines revenue.$934.241: expenses,$722,119; net. $212.122;
Oklahoma City to Atoka
132 Dewey to Bartlesville
4 deductions, $312,65s; net loss excluding inter-corporate income. $100.536:
Osage June. to Verdark. Okla_
79 Moran to Piqua
7 from Nov. 1 1912 included in figures for fiscal year 1912-13.
Fallis to Guthrie
23 Wichita Palls Lines
418
Other branches
155 (b) M.K.& T. of Tex.(15.1m.)OFFICERS.-Pres„ Charles E. Schaff, St. Louis: V.-P.. O. Haile,
M.K.& T.of Tex.-Owned (1.153 m.)- Whitesboro
to Fort Worth_ _
71 C. N. Whitehead,St. Louis; Sec.. Carl Remington.Treas.. Frank Johnson.
Red Riv.to Houston,via Ft.W- 357 Houston
Galveston
50 St. Louis, Mo.; Asst. Treas.. J. B. Barnes, New York. Schaff. St. Louis:
Denison to Hillsb., via Dallas__ 172 Sou. Pao to
Directors.-Frank Trumbull (Chairman), Charles E.
Connection. San Ant_
3
Whitesboro to Henrietta
87 Austin to San Marcos (see Int.
Harry S. Black,Stuyvesant Fish. Walter S. Crandell, Henry E. Huntington
Greenville to Shreveport
150
& Gt. Nor.; V.94. p. 416)-- 31 Horace E. Andrews. F. H. Davis, New York; Frank P. Frazier, Chicago,
Other branches
387
Edward S. Rea, Alfred J. Poor, E. B. Stevens. Kansas. N. Y. office,
Beaumont & Great Northern__
48 71 Broadway.-(V. 98, p. 1316. 1460, 1608, 1694: V. 99, P. 1052)•
Total operated Oct. 1 1914
3,865
MISSOURI it NORTH ARKANSAS RR.-See page 141.
ORGANIZATION.&c.-Reorg.in 1890
foreclosure. V.49.9.719.
In March 1913 the Texas Legislature without
MISSOURI OKLAHOMA it GULF R Y.-Owns and operates 229.72
passed a bill authorizing the
Missouri Kansas & Texas Railway of Texas to take over
miles of main track and 20.6 miles of sidings, extending from Wagoner to
following Denison,
subsidiary roads under leases for not less than twenty-fivethe
via Muskogee and Henryetta: trackage Denison to Sherman. 1014
years.
with miles.
option to complete, extend and purchase, ana to assume their bonded
Branches, Dewar to Coalton. 5 rn.. and Arkansas Junction to
or
other indebtedness and to give its own stock and bonds
Lowerree, 2.4 m. Missouri Okla. & Gulf RR. (V. 96, p. 1022), Wagoner.
In
exchange
for
their
stock and bonds, with approval of Texas Bit. Commission:'NW;central Okla., to Joplin, Mo., 120 miles, completed Dec. 1912 and projected to
RR, Wichita Falls & N. W. Ry., Wichita Falls & Sou. By., Wichita Falls Oklahoma City, Dallas and Fort Worth. Oklahoma City Term. By,
& Well. By., Wichita Falls By. Denison Bonham
& New Orleans RR, auth. stock, $75,000, owns steel bridges over Verdigris and Arkansas rivers
as toll bridges. V. 03,p. 469; V. 97, p. 887.
Dallas Cleburne & S. W. By.. Beaumont & Great Northern RR. V.
96. used
On Dec. 11 1913 receivers were appointed for the Mo. Ok. & Gulf RR.,
p. 790. 1298. A lease of the roads (total 446.2 miles) has been taken for
99 years from May 1 1914 $6,000,000 to be expended for impts. and exten- Mo.Ok. & Gulf By. of Texas and Kans. Louis P.Posnerof New York and
sions within 6 years from Jan. 1 1914. V. 98, p. 523,999, 1157. 1460. In Alexander New of Kansas City are now receivers. All Nov. 1913 coupons
April 1913 acquired a half interest in the Houston & Brazos Valley Ry., were defaulted. V. 97. p. 1823; V. 98, p. 236. In May 1914 an issue of
Anchor. Tex., to Freeport and Lighthouse, 23.6 miles, with trackage to receivers' certfs. was under consideration. V.98.9. 453. 611. 1316.
Houston.40 miles. V.96. p. 1022. 1089, V.97. p. 1590.
BONDS.-Railway 5s of 1904, $25,000 poer mile. V. 86, p. 1043; in
LAND GRANT.-Land grant in former Indian Territory (now Okla- July 1912 $7,007,000 had been sold. V. 88, p. 686: V. 90, pl. 977, 1171,
homa). 3,110,400 acres, subject to Indian title. See V. 79. p. 903. 1281: 1363. Mo. Okl. & Gulf RR. 53 of 1911 are limited to 320,000,000 at $27,V.81. p. 668. 1042: compare V.67. p. 222: V.55. p. 937: V. 61. p. 1155: 500 p. in., of which $10.000.000 offered in France in March 1912. V. 97,
V. 77, p. 2339: V. 82, p. 1102: V. 84. p. 508. 1248: V. 85. p. 736. In Dec. p. 444, 487, 698. The M.0. it G. By. of Texas 53 (31,000,000 authorized
1911 the Court of Claims sustained the Government's demurrer to the com- issue) guaranteed by the M.0. & G. By.. are secured on the line between
pany's petition: appeal pending. V. 94. p. 912: V. 95. p. 1057.
Red River and Denison. Tex., 9 miles; bridge over the Red River under
DIVIDENDS.-On pref.. 1906 to Nov.1913.4% yearly(M.& N.). In construction, &c. V.91. p. 1327: V. 93, p. 1022. Equip. notes Dec. 1913
By. Co.. $650,524; RR. Co., $301,732.
May 1914 none paid. N.98, If• 1316.
BONDS.-M. K. & T. 1st and 2d mtges. of 1890 (abstracts in V. 51.
EARNINGS.-For 2 mos. ending Aug. 31 1914, gross, $213,823, agst.
p. 495) cover, besides right to land grant. 1.599 miles of road, including line 3197.389 in 1913; net, $40,803. agst. 329.827. For year ending June 30
Hannibal. Mo., to Boggy Tank (except 71 miles trackage),sundry branches. 1914. gross. $1,171.786; op. def., $11,369.-(V. 98. p. 1316).
and Sherman Shreveport it Southern, but see below.
(1) MISSOURI PACIFIC RY.-(See Map.)-Operates an Important sysMissouri Kansas & Eastern bonds were assumed In June 1896. (V. 63. tem
extending westerly and southwesterly from St. Louis, Mo., including
p. 30.) $4.076 000 St. Louis Div. 1st ref. bonds reserved for retirement main lines from St. Louis to Pueblo. Colo.,896 miles:
Kansas City to Omaha.
of both issues. V.72, p. 1034; V.75, p.608.
Neb., 216 m„ and branches in Missouri. Kansas and Nebraska. Through
Sherman Shreveport & Sou. mtge. Is for $6,000,000 at $20,000 per mile: the St. Louis Iron Mt. it South., which it controls, connection is had with
Issued, $3,689,000, of which 12.000.000 pledged under M. K. it T. mtges. Texas and the lines of the Tex. it Pac., Internat. it Gt. North. and the St.
Louis Southw., the whole forming what Is known as the "Gould System."
Bonds were assumed on consol. In 1901. V. 72. p. 1034. 1115.
The Missouri Kansas it Oklahoma and Texas it Oklahoma bonds, Issued
Lines Owned
Miles. Leased Lines. &c.-s.
-Mile
at $20,000 per mile, guaranteed, have been assumed. V. 74. p. 1038; St. Louis to Pueblo
896 Boonville St. Louis it Southern 44
Kansas City,Mo., to Omaha _ _ _ 216 Kiowa Hardtner it Pacific By. 10
V.75, p. 185. 733: V. 77, p.252: V.78, p.48' V. 79. p.968
Of the first and refunding 48 of 1904 ($10,000.000 auth. Issue). $12,037,- Other main lines and branches_2,667 Trackage to St. Joseph, &o_...... 87
000 is reserved to retire divisional mortgages at or before maturity; balance
unissued (117.523,000) for future purposes. They are payable at the opTotal Missouri Pacific and branc hIlnes(V.95, p. 111)
3,920
tion of the holder in sterling, marks or francs. They are a second lien on
Also controls St. Louis Iron Mtn. it South. aria leased lines, 3,365 miles.
507 miles of road and on the first mtge. bonds of Denison it Washita Valley Grand total Missouri Pacific mileage June 30 1914. 7.285 miles.
Ry. 47 miles, and a first lien on terminals and equipment of estimated
The Missouri Pacific By. Co. owns about 40% of the stock of the Denver
value of $24,380,000. V.79. p.968. 1281. 1332; V.80. p. 222. 712; V.81. it Rio Grande RR.Co.,the latter extending from Pueblo to Salt Lake City.
p. 613: V. 82. p. 987. 1497: V 86. p. 1101; V. 88, p. 158. 295.
while the D. it R. G. RR. Co. owns a majority of the stock of the Western
Gen. 434% mort. sinking fund. 2% of bonds yearly from 1911. V. 82, Pac. By. Co.. whose line, extending from Salt Lake City to San Francisco.
p. 218, 334, 692; V. 84, p. 1551: V. 85, p. 348. 654; V. 88. p. 101, 158.
was completed In 1910, making a line from St. Louis to San Francisco.
Consolidated mortgage of 1910 is limited to $125,000.000; 166,000.000 reORGAN.-Merger in 1909. V.85. p. 1646: V.89. p. 348; V.91,9. 1705.
served primarily for refunding and the remainder are Rentable only under
In 1912 representatives of Speyer & Co., Blair & Co., John D.Rockefeller
restrictions. The bonds were on June 30 1913 secured by the pledge of
$14.505.000 bonds and $18,146.500 stocks. including $4.776.000 M.K.&T. and Deutsche Bank, became directors. V. 92, P. 462, 726. 795, 1109.
General Conference Committee.-A general conference committee has been
Term. Co. of St. Louis 1st 5s, $6.830,000 M. K. it T. gen. 434s, 11.305.000
Texas Central pref. and $2,662.300 common stock, and by a lien on the chosen to consider financial readjustment and rehabilitation, the protective
property of the M. K. it T. subject to existing liens. In June 1914 $54.- committees each choosing two men, viz.. For committee of holders of
978.000 consols had been authorized to be issued, of which $28.860,000 had 1st and ref. M.5% bonds, Alexander J. Hemphill and Jerome J. Hannauer;
been issued and deposited under the 2-year 5% gold notes. V. 92, P. 725, for collateral 47, bondholders' committee. Otto H. Kahn and Benjamin
795; V.90, p. 1491; V.91.9.336; V.92,P. 1179, 1375. 1500. The $19.000.- Strong,Jr.,and for stock. committee, Frederick Strauss and Robert Winsor.
See plan suggested by Kuhn, Loeb it Co. for raising $35,000,000 cash,
000 2-year 5% secured gold notes dated May 11913. Issued to take up $16.000,000 notes due May 1, and for equip. and improvements, are secured $10.000.000 for improvements and new equipment and $25,000.000 to
meet maturing notes in V.98, p. 1537; V. 99, P. 538.
by deposit of 324.516,000 consol. 5s. V. 96. p. 790, 863. 1157. 1229.
The plrotective committees formed in July 1914 (V. 99, p. 197) are:
M. K. & T. of Texas mtge.. $10,000.000, see guaranty. V. 56. p. 604. (a) 40-Year 4% Gold Loan Bonds of 1905-Benjamin Strong Jr., Chairman;
The Southwestern Coal & Improvement Co.'s bonds are guaranteed. Mort- B.W.Jones, 16 Wall St.,Secretary;(b) First and Ref. 5s of 1909-Alexander
gage (11.000.000) covers coal lands in Indian Territory; the company also J. Hemphill, Chairman; Lewis B. Franklin, 140 Broadway, Secretary;
owns 2,350 acres additional, Den. & Wash. By., 47 miles. mines, &c. In (c) Stockholders' Committee-J. N. Wallace, Chairman; C. E. Sigler, 54 Wall
St., Secretary; (d) Secured Gold Notes Extended to 1915-Edwin G. Merrill,
May 1913 sold $1.900,000 5% equip. notes. V. 46. P. 1489.
EARNINGS.-12 mut.. 1191344-Gross, 131,521,188; net, $8,799,069 Chairman; Henry M.Popham,80 Broadway, Secretary.
(1913-13__Gross, 32,346.258; net, 9,537,846
DIVS.1'82.'83-'87. '88. '89. '90. '91. '92-'00. '01.'02-'07. 1908. None
July 1 to June 30.
Per ct.16 h 7 yly. 5)4 4 4 3
None. 214 5 yiy. 234 stk. since.
Average miles operated. 3.825 in 1913-14, against 3,677.
Thursday
after
BONDS.-The consol. mortgage Is for $30,000.000; balance unissued Is In
first
first
MonANNUAL REPORT.-Annual meeting
trust to redeem prior bonds it deemed best. Abstract in V. 47. p. 287.
day in April. Report 1912-13 was given at length In V.97,P.1579, 1590.
The collateral trust bonds due 1917(Union Trust Co. of New York, trustee)
1910-11.
1911-12.
1912-13.
Year ending June 303,677
3,377 are secured by mortgage bonds of new roads at 112.000 or 115.000 per mile;
3,398
Average miles
$32,346,258 $28.186.719 $29.065,294 these embracing line Fort Scott. Kan., to Pueblo, Colo., &e. V.46. p.678.
Gross earnings
2...096.316 22,266.030 21.612,165
The 4s of 1905 are limited under the "first and refunding" mortgage to
Operating expenses and taxes
the 137.255.000 outstanding; they are secured by an equal amount at par of
58.249,942 35.920.689 37.453.129 Iron Mtn.stock. Compare V.80. p. 712; V.88. p. 1344; V.89, p. 1347.
0,)ecating Income

et

RY-




I

1.0050(10

1015.1017

0

MOINES

Y
SAL

1

M

0

alanti

I astrngs

TAI. AG

-, 5,

La Sa
Ca
.;.
°

Longmont
ysae

GEN V E-13.
0

Austin

a.

C.

04.04.

on t

phtte R.

'terlin
0Ft.Collins

an

A

Nzsia

ulesbu
CHEYENNE

LAKE Ci-TY
Park City
illa
Heber
.0011
‘sat5.,

Roc

PAC.

nger

Dillon

roe
‘N.N.1"

L.;
As o:

(Noo,

4.1tE'

&vier Lake
Frisco
leville

y
8.

RAILWAY STOCKS AND BONDS

Candelaria

Ploehe o

LARNE
14iStEY
461.
1

I

DODGE CITY

DOR DO

in man
crtiwwy SPRS.
Anthony

-Liberal G.

/1/7.

C"•,5

5110W

Atok:019
Gor
Texline
Kingfisher
•
-01

Can •'Eta
SANTA

Las

Amarillo

Ash Fork
Erlton

Magdalena

Anna
PH

San Dien.,

Washburn
••••
ally prs.

A.& P. Je.
r:

Prescott

eanside
Escondido
Foster

ME

NIX

Os-

ocorro

X

1

Henrietta

C

AR A

Roswell 'I

ft•

White Oaks

.7
i
.

Rincon

Maricopa

ACKSO

Colorado

National Cy
Tucson
Fairbank
•

C.
Meridian

Dublin

Benson

Rills

EL PASO

0 Tombst no

Odessa

:Ciudad Jo
Pecos City

E

Ph

San Angelo

sville
'Temp e
Rur et
5ff
.Llano
Geor
Round Ro
Xerrville

Crisps
adios

an 51 rcos

MAP OF THE

San Auto 1

MISSOURI PACIFIC RAILWAY
ST. Loris, IRON MT. & SOUTHERN RY.
AND LEASED, OPERATED & INDEPENDENT LINES



omit

4

0 The Needles

an

Okl

ern

Pass

Ziedraa Negras

STON

Yoakum

[lord
Kenedy

GULF
Laredo

((veer

0211

ME.7:2'00

88

RAILWAY STOCKS AND BONDS

[VOL. xcnc.

Par
Amount
Miles Date
Rate
When
Last Dividend Places W het e Interest and
RAILROAD COMPANIES.
Road Bonds Value Outstanding
Payable and Maturity
%
Dividends are Payable
(For abbreviations, ctc., see notes on first page)
Missouri Paciiic-(Concluded)
12.175,000,
--- 1912
-„
-- - -- -------------- -------------------Equip ref bonds 56.500.000 (V 94. p 631)-- -- - --- Inf.
Am Refrig Transit equip notes gold not guar-See "IndustrialCos" and V92, p83; -- 95, p
System-St Louis Iron Mt & Southern RYPaccoos
moGeo
5 g A & 0 Apr 1 1931
is nrst guar mtge ($45.000.000) g- Ba.ze• 1.538 81-'87 $1,000 37.206,000
Bankers Trust Co. N Y
5 g A & 0 Apr 1 1931
gold stamped guar prin & int_ _zc• 1,538 -1,000 5.994.000
do
do
do
do
4 g J & J July 1 1929
1.000 30.551,000
Unifying is refund 44 gold $40,000.000_ _Mp.xc•dtr 1,543 1899
do
do
4 g DI & N May 1 1933
771 1903 1.000 &c 34.548,000
do
River is Gulf Divs 1st M $50.000.000 g_Ba.xe&r•
do
authorized--------x
J
text
July
1912
1
2200,000,000
&
See
-1952
6
J
M
Union
ref.
and
1st
Trust Co. N Y
Q-14 To June 1922 Townsend.
1.000
529.000
05-'13
5
Car trusts ser Ser T to V. part yearly
& Co
5g
Q-M To June 1917 13'kersTreo,Whelen
do
-__ 1907
do
gold 4366.000 June Year's'-Ba.xc &r
1.000 1,098.000
NY or Phila
M
&
N
To
6
$145.000
2.030.000
s-a
red
Nov
par__
1
due
1.000
Ce.x
--1912
Ser
2
1921
Central
do
do
Trust Co. N v
472.000
1914
5
1,000
M & S Sept 1 1923
Phila 'Jr Safe D & Ins Co
do Ser 3 due part semi-ann
do
See text
5
1914
Car trusts $893,000
6
Ba.zo•
A & 0 Apr 1 1910
435.000
1,000
2 1891
Bankers 'I'r (Jo, N Y
Little Hock Juno 1st M assumed
5 g A & 0 Oct 1 1923
880,000
1,000
1903
New York and St Louis
Pine Bluff is West 1st M assumed red 10 years 105_44
1,000 1.140,000
1899
63
4 g J & J July 1 1939
St Louis and Philadelphia
Little Rock & Hot Sp lath/ gold assumed__ _ssi
-----------100
900,000
4
RR-Pref
J
& J July 1 1914 2% JPMorgan &Co,NY.&Lon
stock ($900,000i
Mobile & Birmingham
5 g J & J July 1 1945
600.000
Ce.c
150 1895 200. 1000
J P Morgan & Co. N y
Prior lien gold $600.000
4
J is J July 1 1945
Ba.c
150 1895 200, 1000 1.200.000
do
do
First mortgage $1,200,000
100 6.017.000 4 in 1914 Yearly June 26 '14 4% Washington, D C
Mobile & Ohio--Stock
6
J & D Dec 1 1927
500 &c 7,000.000
472 1879
Farmers L & Tr Co, N I'
First If Mobile to Columbus (principal gold)__F.zo•
1.000.000
branch
g__F.ze
Cairo
527
&
1883
6
g
1,000
Q-Jan
to
July
Columbus
1
1927
do
do
First M exten
4 g M is S Sept 1 1938
500 etc 9,472.000
527 1888
Hanover Nat Bank, N Y
General mtge for $10.500,000 (now gold) s f_H.zo•
1,000 4,000,000
189 1897
b g F & A Feb 1 1947
do
Montgom Div 1st M $4.000.000 g(V60.p 10451Ce.ze
do
&c
200.000
38
1899
gold_F.zc•
b
500
g
assumed
$200.000
M
N
is
May 1 1949
First Nat Bk, Mobile, Ala
Mobile & B Sh let M
780,000
--- 1911
SR F & A 15 To Feb 15 1921 Guaranty Trust Co, N V
1st term and coil tr M 51.200.000 e due $60.000 s-ax
b g J & D Dec 1 1927
1,000 2,500.000
159 1913
Hanover Nat Ilk, N V
M & 0 St Louis Div M $3,000.000 g red 1024i Cexc•
ze
4 g J & J Jan 1 1931
500 &c 4.000.000
159 1886
Farmers Loan & 'Jr. DI 'V
St Louis & Cairn 1st M gold assumed
See text
1914
1964
New mortgage $50,000,000 authorized
fund
498,000
5
1,000
M
x
et
N
1899
sinking
May
1
"A"
1919
Equip tr Ser
Farmers L & Tr Co, N 1(
499.000
5
1,00
A & 0 Oct 1 1919
x
- -- 1899
Ser "B" sinking fund__ _- ---------do
do
do
66,000
4
1.000
J is J Jan '15-July '15 Guaranty Trust Co. NY
x
1905
Ser "D" $33.000 due 5-a
do
135.000
484 g ht & S Melf15-Mch '16
1.000
_ - 1906
do
Ser"E"$46.000 to Sep'14 then$45,000s-ax
do
do
x
340,000
44i DI & S Mch'15-Mch '22 Bankers Ti' Co, N Y
_ __ 1912
Ser "F" 522.000 and $23.000 s-a.
do
, __ 1913
1,090
573,000
Ser "G" $32.0005.-a.-last 3431,6641o
5g M & N May'15-Nov '23 Bankers Trust Co. NY
do
Mobile Terminal & Ry-See Ala Tenn & Nor Ry._ _
Mohawk & Malone-See New York Cent & 11 R RR.
k
1,000 1,290.000
37 1902
384 g A & 0 Oct 1 1942
Treas. office. Pittsb. Pa
Monongahela RR-Fin3t m $1,599,000 joint guar
Monongahela River RR-Bonds---See B & 0 RR
The first refunding mortgage of the Kansas & Colorado Pacific made in
1908 (V. 86. p. 229. 286: V. 88. P. 452) is ihnited to $50,000,000 (at not to
exceed $30.000 p. m.. Including $15.544 p. m. of prior underlying bonds):
220.687,000 bonds secured thereby were issued, but of these $16.715.000
have been pledged under the new Missouri Pacific "first and refunding"
mortgage: $23,532,000 are reserved to retire underlying bonds at present
held by trustee of Mo. Pac. My. coll. trust 5s of 1917 and 1920: $6.781,000
reserved for exten. or improvt. V.90, p. 1171; V.91, p.337.
The "first and refunding" bond of the Missouri Pacific Ry. Co., dated
1909. are limited to a total of $150.000,000, bearing Interest to be fixed for
successive issues at not to exceed 5%,and, if desired, with conversion rights
See circular. V. 89. P. 1347; V. 95. p. 813. Subject to call at 110 and
interest on any interest day beginning Sept. 1 1917, either as a whole, or in
amounts equal to the pledged St. L. Iron Mt. & Sou. bonds In case these
last should be redeemed. The immediate issue consists of $31,981,000 5%
Series A bonds convertible at face value at holder's option Into stock at
par from Sept. 1 1912 to Sept. 11932. and within such period up to 30 days
of date of redemption, if called for payment: $29,806.000 Ser. A sold and
$1,972,000 Ser. B deposited under notes of 1911 and $1,300,000 canceled.
Total Authorized Issue of $150,000,000 First and Refunding Bonds.
Issued as Series A 5% convertible bonds (D $19.700,000 upon
deposit of a like amount of underlying bonds (Including
$10,715,000 of the $20.687,000 Kan. & Col. Pac. bonds heretofore certified, thus providing for payment of floating debt
and not less than $4,653,000 for impts.(V.90, p.1296)
529,806,000
Reserved to refund a like amount of underlying bonds
66,293,000
Reserved to provide premiums, &c., if required In refunding_
4,640.500
Reserved to retire a like amount of equipment obligations_
Reserved for extensions, betterments and equipment and 1st M. 6,500.000
bonds on union depots, stations and terminal facilities under
careful restrictions (see note below)
42.760.500
Note.-Bonds converted Into stock and canceled, but only to an aggregate of $40,000,000. may be re-Issued for additions. equipment. &c.
The issue is secured by a direct lien on 3.779 miles first main track and
952 miles of other track, subject to 466.293,000 underlying bonds, also
subject to certain underlying bonds on the entire equipment valued at
618,621,297, and all other property now owned or hereafter acquired.
They are a first lien at once on 165 miles of first main track and after
retirement, on or before Nov. 11920. 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.
The $24,944,000 3-year 5% gold notes due June 1 1915 (as extended one
year at 6%)are secured by deposit of $25,000,000 St. Louis Iron Mt.& Sou.
1st & ref. 6s and $1.070.000 Iron Mt.stock; $1,972,000 Mo. Pac, 1st & ref.
55. Ser. B.(non-convert.); $9,800,000 pref. and $15,000.000 Denver & Rio
Grande common stock; 5828.380 Texas & Pacific My. 5% gold notes, due
June 11915; $490,000 Concordia Coal Co. 1st M.5% bonds: 2150,000 Baring Cross Bridge Co.7% stock; $125.000 Pueblo Stock Yards Co. stock and
31.000,000 Western Coal & Mining Co. stock. V. 98. p. 1537. 1609, 1694,
1767: V. 95, 14. 176; V. 96, 14. 1840; V. 94. p. 827. 1057; V. 92, p. 1436.
GENERAL FINANCES.-The company on June 30 1914 owned $7.000.000 Wabash RR. pref. stock and the St. Louis & Iron Mtn. 12.825.200 pref
and $2,826,200 corn. stock and $2,913,200 1st ref. & ext. bs. V.99, p.748.
In June 1911 Deny. & Rio Grande suspended dividends. V. 92, p. 1836.
Report on requirements of system May 1914., V. 98, p. 1537.
Gross, $10,606,541; net, $2.800.507
EARNINGS.-2 mos.,f 1914
Gross, 10,667.504; net, 2,615,640
11913
July 1 to Aug. 31.
ANNUAL REPORT.-Fiscal year ends June 30. Report for year ending Juno 30 1914. in V. 99, p. 964. 984: editorial. p. 934. Annual meeting
Is held at St. Louis in March. Earnings for Missouri Pacific System:
1912-13.
1910-11.
1913-14.
1911-12.
Miles operated. average.
7.321
7.257
7.235
7,285
Total earnings
559.793.900 562.155,506 $54.503,250 552.776,593
Net earnings
516.671,527 517,456.509 513,222,658 59,446.656
Net inc. (after taxes)_$16.532.510 $17,512,755 513.130,4321 CompariInterest
son
14,575,746 14,408.125 12,436.314
1.541,896
Rentals & miscellaneous 1,882.072
1,673,210 changed.
sur.$74,692841.562,733 df$1.979,092 df$5.232,539
Balance
Pres., Benjamin P. Bush; Sec. & Treas., II. L. Utter.
Directors.-George J. Gould (Chairman), James Speyer. Edgar L. Marston, E. D. Adams. Howard Gould, Edwin Gould. Edward T. Jeffery,
Kingdon Genii, J. G. Metcalfe, Edwin G. Merrill and Finley J. Shepard,
New York; B. F. Bush, St. Louis: S. F. Pryor, St. Louis; J. Lancaster
Williams, Baltimore, Md. N. Y.office, 165 Bway.-(V.99,p. 964,9840
(2) MISSOURI PACIFIC SYSTEM-ST. LOUIS IRON MOUNTAIN &
SOUTHERN RY.-(See Map.)-Owns St. Louis to Texarkana. Ark.,
490 miles; St. Louis to Thebes. Paragould to Clayton Jet., La.. Little
Rock to Lake Charles, La., Little Rock to Oklahoma-Kansas State Line,
Gordon, Ark., to Vidalia. La.. and Diaz to Carthage, Mo.; total main line
mileage, 2,150.93 m.; branches in Missouri, Illinois, Arkansas, Louisiana.
1.035 51 m.; total owned mileage July 1 1914, 3.186.44 m.: trackage and
under lease, 178.68 m.: total operated mileage July 11914. 3,365.12 miles.
The stockholders voted Sept. 8 1914 (a) to acquire trackage rights over
the Texas & Pacific My. from Alexandria, La.. to Mile Post 9, or from
Ferriday via Addis to Mile Post 9. with the right to purchase the T. & P.
line between Ferriday. La.. and Addis. 200 miles: (b) to guarantee not exceeding 37,500,000 Trans-Mississippi Terminal bonds jointly with the
Texas & Pac. Ry., each co. owning half of the stock. V. 99. p. 50, 817.
ln 1910 purchased Arkansas Midland. Little Rock & Hot Springs Western, Pine Bluff is Western, St, Louis Watkins is Gulf, Arkansas is Louisiana, &c. V. 89. P. 1543.
Owns $23,703.250 of the 124.984.756 Texas is Pacific seconds exchanged
for es% In gold 4s. See "Brmds" 8elow
STOCK.-Stock authorized, $190,000,000; outstanding. $44,391,299, of
Which $44,349,603 June 30 1914 owned by Missouri Pacific. See below.




DIVIDENDS.-1902 to 1904,10% yearly: 1905,7%; year 1905-06. 14%;
1906-07, 10%: 1907-08, 5%; 1908-09. 4%: 1909-10, 6%; 1910-11. none:
1911-12.4%; 1913.4% (J.& J.); 1914. Jan..2% (paid Dec.31);July,2%.
BONDS.-General consolidated mortgage is for $45,000,000. Nos.
11,001 to 18,000 inclusive are endorsed witbt the Missouri Pacific guaranty of
principal and interest; form of guaranty was in V. 56, p. 650; they are a
first lien on 1,538 miles. V.68, p. 85. 233. 520; V. 78. p. 704, 1224.
The gold 45 of 1899 (first issue $30.000.000) may be increased not over
510,000.000. at $12,000 per mile, for construction or acquisition and equipment of branches and extensions. They are secured by a lien (subject only
to the general consols) on all the railroads, terminals and equipment of the
company owned at the time of the making thereof and also a first and only
lien on all stocks and bonds formerly embraced in the trust of the gold funding note Indenture, all leased and branch lines, or their bonds and stocks
acquired by the loan, and 523.703,000 Texas is Pacific seconds, future extensions, &o. V. 68, p. 619; V. 70, p. 997; V. 74, p. 206: V. 78, p. 704. 1224.
The original 520,000.000 River is Gulf Divisions 45 of 1903 were secured
by a first lien on 678 miles of road built or under construction (see above)
and on terminal property at St. Louis, East St. Louis, Cairo and Thebes.
and 8.000 acres of coal lands in Illinois, and deposit of the bonds of the
Union My. of Memphis. Additional bonds may be Issued up to a total of
550.000.000,at not over $30,000 per mile of main linejor new construction and $15,000 per mile of second track and branches, but not exceeding
the actual cost, and for additional terminals. equipment, double tracks. &c.
V. 76, p. 543, 600. 1085; V. 77, p. 1875; application to list, V. 77, p.
2036, 2049; see also V.85. p. 222; V. 86, p. 230: V.87, p. 167; V.89, p. 105:
V. 90, p. 850; V.91, p.39. Pine Bluff is West, bs, see V. 78, P. 103, 769.
The first and refunding bonds of 1912 ($200,000,000 auth. Issue) have
interest limited to 6%, of which 527,097,000 are issuable to retire the $11,300,000 improvement bonds and $8,500.000 3-yr. notes dated June 1 1911,
to reimburse the Missouri Pacific for advances and for other purposes.
After 4% has been paid on the stock in any given year, one-third of the
surplus is to be applied to a sinking fund to begin Sept. 1 1915 (not to exceed
51.000,000) to ppurchase or cancel or reduce bonds. See V. 95, p. 177; V.
94. p. 1250; V.05, p.813, V.96. p. 1157. 1703; V.97.P.445. (Up to June 30
1914 $28,581,000 bonds had been issued (of which
were held in
the treasury or by trustees), and the remaining $3.581.000
$25,000.000 deposited
under the $24,942.000 extended Mo. Pac, notes due Juno 1 1915.
In Sept. 1914 applied to issue $893.000 car trusts. V. 99, p. 675.
Purposes for which Remaining $172,903,000 Bds are Reported as Reserved
Refunding $134,389.000 underlyIng bonds Issued or issuable, viz.:
General consol. railway and land mtge. bonds
$43.509,000
Unifying and refunding bonds
40,000,000
River and Cult divisions 1st M. bonds
50,000,000
Pine Bluffs is Western RR. 1st M. bonds
Refunding equipment obligations at maturity
5,928.000
To aid in refund.g, extend's' or reties underlying bds., not over 10,000,000
Future acquisitions and additions, new rolling stock, &c
22,586,000
EARNINGS.-For two months ending Aug. 31:
Two Mos.Gross.
Net.
Other Inc.
Charges.
.
55.470.530 51,538.978 5133,614 51,457,871 Bal.,Sur,
1914
$214,720
1.612.316
1913
5,546.389
123.103
1,400,317
335,101
REPORT.-For 1914. in V. 99, p. 964. 984.
Years ending June 301913-14.
1912-13.
1911-12.
3,365
Miles operated end of year
3.337
3.314
Gross earnings
833,171,859 $34,136,598 530,102.115
11,825.569 11,468,986
Net earnings
9.915.129
Other receipts
489,822
462,351
497.531
12.315,391 11,931,338 10.412
Total net income
660
6.740,640
Interest on bonds
6,537,509
5,977,525
2,744,962
Taxes, bridge expenses, rents, &c
2,425,143
2,312,557
1.775,649
Dividends (4%)
1.775,649
1,775,649
Balance, surplus, for year
$1.054.140 $1,193,037
$346,928
DIRECTORS.-Geo. J. Gould (Chairman). Benj. F. Bush (Prest.).
Finley J. Shepard, James Speyer, Edgar L. Marston, E. T. Jeffery, E. 50,
Albert
Metcalfe,
II.
Wiggin, Jay Gould, Edwin G. Merrill.
Simmons, J. Ci.
S. F. Pryor and C. A. Pratt.-(V. 98. p. 1920; V. 99,p' 121, 675. 8174
MOBILE is BIRMINGHAM RR.-(See Map Southern Jib/-Mobile to
Marion Junction. Ala., with branches, 150 tulles. Leased to Southern My.
from March 1 1899 for 99 years, the latter agreeing to meet the
on
bonds and to guarantee a dividend on the $900,000 pref. stock interest
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. $894,900 is owned by
Southern Ry., and voting power on pref. assigned to Southern My.
lease. V.08. p. 429. 1134: V. 69. p.391; V. 71. p. 1013.-(V. 72. during
P. 137.)
MOBILE JACKSON is KANSAS CITY.-See New On. Mob. is Chicago.
MOBILE is OHIO RR.-(See Map Southern Ry.)-Owns from
Ala.. to Columbus, Ky., 472 m.; Cairo to East St. Louis, 151.6 Mobile.
m., with
branch to MIlistadt. 7.23 m.; proprietary line. Kentucky &
RR.
to East Cairo, 19 m.; branches to Columbus, Miss., &c., 42Tennessee
Miss., to Montgomery, Ala., 167 m.; Mobile is Bay Shore m.; Columbus,
Branch, 38 m.;
with Warrior Branch. 9 m.; Warrior South. My. fall
stock and bonds
owned), Tidewater, Ala.. to Kellerman, 14 m.; Ellocton
Branch. 13 m.. total
owned mg m.; trackage, 189
m.; total June 30 1914.1.122
miles. Mississippi anti-trust suit. V. 95. p. 1403.
STOCK -Stock authorized, $10.000.000;
26.017.000; Paz
6100. The voting power on 54,984.200 of theoutstanding,
is exercised by the general mortgage bondholders by virtue of depositstock
of old debentures of 1879.
DIVS. (Since 1908-09)
1909-10. 1910-11, 1911-12, 1912-13, 1913-14.
June 30 years
4
4
4
4
4
In 1913 the Southern Ay, had acquired $8.249,000
of the $9,472.000
general 4s and 45.670.200 of the $6.017.000 stock.
Issuing,
for 5, Its cell-mere,' trust 4% gold bonds In exchange for
the
M. is 0. general 4s, secured
by a pledge of the latter and had also
stock trust certificates for stock.
dividends being payable (A. is O.) atissued
4% In perpetuity thereafter.
BONDS.--General mortgage of 1888 abstract,
V•47. p.83. V.60.P•967
.
Equip. notes of 1907 are guar. by Amer.Cars Foundry
Co. V.84, 1:1• 996.




0/flo
•t.
Lawrem.
ardstown
• Bloomfield
Jo.
I.
Burg
N.
etlatown •Springfield
to, a Nx.Tar4nction Cit

organtlel
%oven

NASHVILLE, CHATTANOOGA
ST. LOUIS RAILWAY

Proddence
Nortonville
ltvsa
Iota.
BentonTs„.
Glade -a
Hardin
Dexter
Alms
F
31".9=ww
Hazel
Puryear
919oct
1

Scottaville

91"
sl ob.
lApto""

T "N.IFIAVENaccEZ

Cro • ville

ftPadir').
3*t*
'
.SPARTA S
Holder
Rock island
MG MINNVILLL
Ca

rowu
epards
aso
'orrest Cy.
Gallaway
runswlck
Bartlett

ellico Jc. •
4 t Tellico/
ALLZNII CREC
lthodo
Savannah

dale
Lula

rlgh
CLeFtS
Tarts
iforwood
Marks
w
N
JEFF
Bell Facto
HUNTSVILL
Booneville • 4

oahoma
agle Nest
Clarksdale

Plnkney

Falkville

I

Aber,

nJc.

Houston

ez.1111
S
Blount Sprs.
tale
Jasper
Farsot
ill

t
...-Wa

131Ue Ridge
.iraunlali Fa

Ua

GFICZNVILL—

Seneca •

uscumbla

! Spruce Plne
Tupelo

rphY

Cordov

6MMTMERSVILLE
Wythe Cy.
Albertville
Mountainboro
Champi
Littleton
I, Elberton
THEN* mcco
Lesington
whin.
Barnett

[VOL. xcix.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page]

Miles Date
Road Bonds

33
Montana Wyom & Sou-lst M g red 110 text_ _ Emxo*
Montgomery Ec Erie 1t -18t M Old 7s extended 1n•86)
-57
Montour R R-IstM g$2.750.000red 1051010st UP.xc*
Montreal Central Terminal Co-lst M red 1O5..
Morehead& North Fork RR-lst m gold_ _ _ _______ _x
55
Morelia & Tacambaro-First M gold(See text) Usm.xo*
102
Morgan's La & Texas-First M (N 0 to Morg C)F.ze
Fz
First mortgage Alexandria Extension gold
157
Morgantown & King_wood-latid $125.000
1st mortgage $1.500.000
Morris & Essex-Stock 7% guaranteed 1) L
Ba.zo tor
First mtge guaranteed under ease
ii§
Cons M (for $25,000.000) guar DL & W__118.20&r
119
First ref M gold $35,000,000 guar pad (end)F.x.3•&r
119
Morris & Essex extension stock guaranteed 4%_
2
Morristown & Erie-First M *300.000 g s f red par__
Mt Carbon & Port C RR-Stock (rental guar) text___
Mount Hood RR-lst M $500,000
Munising-First mortgage gold
38
Muscatine North & South-1st M 41,C00.000 auth__
Syndic notes call 101 bet Oct 1 1913, thereafter par
37
Muskegon Grand Rapids & Indiana-First M g
Mutual Terminal-lst M gold s fred 102 35„Gx.c•
Vashua lc Lowell-Stock 9% rental 99 years B & K_ 1434
Nashville Chatt & St Louis-Stock S16.000.000auth
i§8
First Id on Fayette and McM bra ($6.000 p ra)ze*&r
ze•
29
First mortgage on Lebanon Branch
Cez.e•
43
First mortgage on Jasper Branch
46
First mortgage on Centreville Branch g___Ce.zo•&r
20
1st El Tracy Cy Br due $20,000 yly; rem '17 _M.&r
840
mtge ($20.000.000) $20.000 m gold-Us.Cons zo•
do
do
do
840
119
Nashville & Decatur-Stock guar 74% by L & N.
Nashville Florence & Sheffield-See Louisville & Nash vine
Nashville Terminal-First M gold Int rent red 105__x
New mtge $3,000,000 auth (V 98. P 1668)
National R YS of Mexico-Corn stock 475.000.000 US g
First pref stock $30.000.000 4% n-o
& d)
2d pref stock $125,000.000 5% n-c (p & d)
Prior lien M US g red 105beg'17(see text)Ce.xc•tor•
Gen mtge U S gold redeem par (text) guar__ Nom*

1909
itidt)
1913
1914
1908
1903
1878
1880
1902
1905
1864
1875
1900

1903
1900
1910
1911
1886
1904
1877
1877
1883
1883
1887
1888
1888

Par
Value
41.000
1.000
1,000
E25, &c
1.000
1,000
1.000
1.000
500
500 &o
50
250 &c
1.000
1,000
100
1,000
50
1,000
1.000
1.000
1.000
100
100
1,000
1.600
1.000
1,000
1.000
1,000
1,000
25

Amount
Outstanding

Rate

When
Payable

5g
4890.000
150.000
5g
2.750.000
£1,028,800
5
5g
373,000
1.200.000
5g
7
4,935.000
6g
1.494.000
40,500
5
5
1.500.000
7
15.000,000
7
5.000,000
7
11,677,000
17,594.000
3 34 g
4
221.000
5g
285.000
5
282,350
500,000
6
4
160.000
See text
5
425.000
6
A
750,000
5g
2,934.000
4g
800,000 See text
16.000.000 7 in 1914
750.000
6
6
300.000
6g
371.000
376.000
6g
6
140,000
7,608.000
5g A
577,000
4g A
3.553,750
7)4

R•PR.R.R.R.R.13.11•R•S•R•R• R.R.R.R.S.R.R.12.6.8402.R.R.R.10(4•frg.

90

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Sept 1 1939
Empire Tr Co, N Y
May 1 1920
(loshen, N Y
A Feb 1 1963
Union Tr Co. Pittsburgh
June 1 1964
London and Montreal
A Fen 1 1958
Clew zield(Pa) Trust Co
Jan 1 1943
U S Mtge & Tr Co. N
Apr 1 1918
S P Co, 166 13'way, N
July 1 1920
do
do
Bk of Mon Val, Morg,V7V
Jan 1 1922
Jan 1 1935
Davis Tr Co. Elkins, WV
July1'14. 3)4% Del Lack & Western. NY
Purch by D L & W RR
May 1 1914
do
June 1 1915
do
Dec 1 2000
do
do
Nov 1 '14. 2%
do
do
Sept 1 1923
Brooklyn Trust Co. N Y
July15'14.2)4% Reading Terminal, Phil&
Ogden (Wash) Say Bank
Jan 1 1927
Oct 1 1925
American Trust Co. Cleve
Jan 1 1935
Oct 1 1914
Cont & Corn TrdoSB.ChIc
Winslow, Lanier & Co
July 1 1926
TT S Mtg & Tr Co, N V
July 1 1924
Nov 2'14.4)4% Check from Co's office
A Aug 1'14.334% New York and Nashville
Jan 1 1917
Hanover Nat Bank. N Y
Jan 1 1917
do
do
Jan 1 1923
do
do
Jan 1 1923
do
do
Jan 1915 to1917
do
do
Apr 1 1928
do
do
April 1 1928
do
do
July1914, 314% Nashville

5g
July 1 1932
1.000.000
See text
May 1 1949
74,803,466
28,831.000 See text F & A Feb 10 '13,2%
120.372.892
July 1 1957
1907 IL Z. too 84.821,115
4346J &
4g A & 0 Oct 1 1977
1907 4. £ too 60.748.575
1902
1909

1.000

Mercantile Tr Co.StLouls
City of Mexico. Lend. toe
Office, 25 Broad St. N Y
See text
See text

The St. Louis Div.5% gold bonds (limited to 43,000.000) dated Aug. 1 $40,527; int., taxes. &c., $53,801; bal., def.. 813.274. Pres., W. Ii.
1913, are secured by a mortgage on the former St. Louis & Cairo RR.,sub- Eccles, Dee. Ore.; Sec. & Treas.. H.II. Rolapp, Ogden, Utah.
ject to St. Louis & Cairo 1st M.4s,due Jan. 1931,the latter of which have
MUSCATINE NORTH & SOUTH IM-Muscatine. Ia.. to Burlington,
been assumed. V.96. p. 554. 1022. 1365. 1773, 1840, and V.70.p. 532.
55 miles. This includes 4.8 miles trackage, the company owning a
The stockholders on Sept. 25 1914 authorized a mortgage to secure not parallel right of way on 4 miles. V. 80, p. 1059. On Sept. 16 1914
exceeding $50,000,000 gold bonds. Of the new bonds $5,000,000 will be Charles E. Voss and E. H. Ryan of Davenport, Ia., were appointed
reserved to construct a new bridge across the Ohio River at Cairo, Ill. receivers. V. 99, p. 969. Stock, 8450,000; par, $100.
V. 99, 343, 197, 748.
In June 1910 flied a $1.000,000 mtge. to German Trust Co. of Davenport;
First terminal mtge. and collateral trust 5s of 1911. see V. 92, p. 119.
Iowa, as trustee, the $800,000 bonds issued thereunder and all of the stock
EARNINGS.-2 mos ,f 1914
Gross, $2,133,048; net, 8411,501 being deposited under the $425,000 3-year 6% syndicate note issue (see
July 1 to Aug. 31. 11913
Gross, 2.128.951; net, 471.788 table). V. 93. p. 796: V. 90. p. 1677: V. 93. p. 689, 796. 1534.
For year ending June 30 1912. gross. $86,483; oper. def.. $17,401;
REPORT.-Report for 1912-13 in V. 97. p. 1421 (oper. Independently).
Years ending June 30caused by washouts in Mch. 1912: int., taxes, &c., $3.508; road not com1913-14.
1912-13.
1911-12.
Total operating revenue
$12,975,431 812,377,650 $11,207,732 pleted until 1912. Pres.,E.II. Ryan; V.-P.& Treas.,Chas. N. Voss; V.-P.
Net over taxes
2,463.919 2,931.7512.719,059 & Sec., H. B. Holbert. Office, Muscatine, Ia.-(V.99, p. 969.)
Net, including other income
2,949,032
2,671,863
3,206.370
MUSKEGON GRAND RAPIDS & INDIANA RR.-Owns road, Grand
Interest, rentals, &c
2.486,752 2,564,650
2.524,961 Rapids to Muskegon. Mich.. 37 m.; trackage, G. R. & Ind. at Grand Rapids,
Dividends paid
(4)240,680 (4)240,824 (4)240,824 3 miles. Operated by G. It. & Ind. RR., which was foreclosed in 1896
Additions and betterments
23,738
19.803
10.751 consideration, net earnings. Stock auth.. $350.000: par. $100: leaned,
taxes, &c.,
E20,000. Year 1913, gross, $255,133; net inc., $67,200;
Balance,surplus or deficit
def$189,309 sur$381,243 sur$172.496 $52,884; betterments, $6,804; bal., sur., $7,512.-(V. 90. P. 560.)
Pres., Fairfax Harrison.-(V. 98. P. 1694; V. 99, p. 197. 343, 48.)
MUTUAL TERMINAL CO. OF BUFFALO.-Owns 5.22 acres of land
"MONON."-See Chicago Indianapolis & Louisville fly.
with 1,486 feet of hontage on the city ship canal, wharves, freight house
MONONGAHELA RR.-Brownsville, Pa.. to Redstone Jet., etc.. 41 m., and a steel and brick grain elevator. capacity 3.000,000 bushels; also all the
connecting with the Pittsburgh & Lake Erie and Pittsburgh Virginia & stock and bonds of the Mutual TransitCo., owning 12 steamers on the Great
Charleston (Penn.syst. lines), which guarantee the bonds (see B. to 0.RR.). Lakes and the Island RR. Stock, $60,000, all owned by the N. Y. Cent.
In July 1913 preparations were being made to issue new bonds when needed & II. R. RR.. Del. Lack & West., Lehigh Valley and Erie, which each.
for extensions, &c., and purchase of Buckhannon & Northern RR., the au- under agreement of Jan. 2 1905 as amended guarantee to pay one-fourth
thorized issue to be perhaps 410.000.000. V.96. p. 237. Stock, $1,428,000; the interest and sinking fund charges on the bonds (the latter $200,000
Par.4100. Penn. RR.and Pittsburgh & Lake Erie each own 4714,000 stock. yearly). Of the bonds (45,000.000 total auth.). $444.000 are reserved for
Penn. RR. on Jan. 1 1914 owned 4604,000 of the bonds. Cal. year 1913. future uses;41.622.000 in Jan. 1914 retired by sinking fund. V.89;P.778.
voles, $1,664,008; net. $947,984; other income. $2,552: charges. 4344.446:
Calendar year 1913,gross,$1,611,564;net Income(incl.$17,999"other"),
divs. (6%). 485,680; bal., stir.. $520.410.-(V. 97. P. 237.)
$350.173; int.. $155.364; bal., sur., $194.809. Pres., Charles M. Heald.
MONTANA WYOMING & SOUTHERN RR.-Owns from Bridger. Mont., Buffalo; Treas., F. H. Silvernall, 143 Liberty St., N. Y.-(V. 89. p. 779.)
on Northern Pacific, to Belfry.and westerly to Bear Creek,about 33 miles,
NASHUA & LOWELL RR.-Owns double-track road from Lowell, Mass.,
serving a coal district. Stock outstanding, $1.000,000. Additional bonds at to Nashua, N. H., 15 mites. On Oct. 1 1880 leased for 99 years to Boston
$25,000 per mile, V. 89. p. 470. Equip. bonds June 30 1914. 440.000; & Lowell. In 1887 lease was transferred to Boston & Maine. which pays
equip, trust notes,$27,960. due $3,995semi-an. Year ending June 30 1914. a rental of $73,000(9% on stock), and in April 1911 received authority to
gross, $179,386; net, 478,434; int., taxes. &c., $56,554; bat., sur., $21,880. Purchase stock:In Nov.1906 to 1912 Incl. 34% extra was paid from accumuPros., Frank S. Gannon.-(V. 89, p. 1281.)
lated cash survius.-(V. 83. v. 970: V. 85, v. 1005.)
NASHVILLE CHATTANOOGA & ST. LOUIS RY.-(See Map.)-Owns
MONTGOMERY & ERIE R V.-(See Map Erie RR.)-Owns Montgomery
to Goshen, N. Y., 10 miles. Leased in 1872 to Erie RR. Rental now from Chattanooga. Tenn., to Hickman, Ky., 320 m.: branches to Lebanon,
416,000 per an. Stock, $150,000. Divs. (434% per an.) paid May 10 and &c.. 618 in.; leases Western & Atlantic, Chattanooga, Tenn., to Atlanta,
Nov. 10. S.fd.. $6,500 per an. There are 440,500 2d M.5s due Oct. 11927. Ga., 137 in., and Memphis & Paducaly Division of the L. & N.. 254 miles.
MONTOUR RR.-Owns Montour Jct, to the Mifflin Yards of Bessemer See V. 71. p. 544. 664. 864. Total operated July 11914, 1.231 miles.
ORGANIZATION.-A majority ($11.484.100) of the stock was owned by
& Lake Erie RR.(Incl.34 m.extension opened May 1914), with which &contract for traffic exchange and a division of rates has been made. In the Lou. ec Nash., of which $8,802,400 pledged under its mtges. West.
January 1914 made 25-year trackage agreement over Thompson's Run & Att. is leased from State of Georgia till Dec. 27 1919 at 3420,012 yearly.
The Paducah & Memphis Div, of the Louisville & Washy. RR. Co. Is
branch of Wabash-Pittsburgh Terminal fly. V. 98. p. 236. Stock
41.500,000. owned by Pittsburgh Coal Co. of Pennsylvania. V. 96. leased for 99 years from Dec. 14 1895; the annual rental is 5% on the cost
p. 286. 861. Bonds, 82.750,000 1st 50-year 54, redeemable at 105 as a or road and 5% on amounts paid by L.& N. RR.for additions, etc.
Will own jointly with the Chic. Burl. & Quincy the Paducah & Illinois
whole on and after Feb. 1 1924 or at 10235 for a sinking fund of 455,000
yearly. Year ending June 30 1914, gross, $301,411; op. def., $307,523. RR.,which will build a double-track bridge over the Ohio River at MetropoIn 191'2-13 (18 raj, gross, $292,982; net, $46,430. In 1911-12 (13 m.). lis, Ill., and is constructing a line from Metropolis to Paducah, Ky., 12 miles,
.$160.418; net income, $65,757; total deductions, $19,130; bal., sur., and will jointly guarantee the bonds ($6,000,000). V. 99, p. 343. 270.
,627.-(V. 98, p. 286: V. 98, p. 236.)
STOCK.-Increased in 1913 to $16.000,000, toward retirement of the
46,300,000 1st 7s due July 1 1913. V. 96, p. 554: V. 97, p. 176, 1281.
MONTREAL CENTRAL TERMINAL CO.-V. 99, P. 748.
DIVS. j'95-'98.
'04. '05. '06. '07. '08. '09. '10. '11. '12. '18 '14.
MOREHEAD & NORTH FORK RR.-Morehead to Redwine, Ky.. 24 Since '941 4 rly '99-'03.
None 4 5 5 6 5% 5 6 6 634 7 7
miles; 6 m. branch. Stock. auth., $500,000; out. $260.600; par, $100
BONDS.-Consol.
mtge.
of 1888 provides that all prior bonds shall be
Bonds auth., 4500,000; out. $373.000; Clearfield Trust Co.. Clearfield. paid off at maturity; sufficient
of the $20.000 p.m. are reserved for them.
Pa., trustee; see table above. For year ending June 30 1914. gross, $93.Jointly. with Lou. do Nash.. guarantees $2.535.000 L.& N.Ter. 4s.
632; net, $25,341; charges, 819.731. Pros., W. B. Townsend, Townsend,
EARNINGS.-2 mos..11914
Gross, 82.057,652; net, $393,608
Tenn. Sec. & Treas., John W. Wrigley. Office, Clearfield, Ky.
July 1 to Aug. 31.
1913
Gross, 2,077,943; net, 354,586
MORGAN'S LOUISIANA & TEXAS RR. & STEAMSHIP CO.-See Map
ANNUAL REPC)RT.- eport for 1913-14 wasin "Chronicle" Oct.314.
of Southern Pacific.)-ROAD.-Owns Algiers to Cheneyville, 205 miles;
Years end. June 30-1914.
1913.
1912.
1911.
branches. 119 in.; extensions to Port Allen. La.. &c.. 53 in.• trackage to Gross earnings
812.778.334 813.317,161 412.262.675 412.323,863
Alexandria, &c., 29 m.; total, 404 m.; SS. lines and ferries, 116
' miles. So. Net earnings
2,698,894 2,878,378 2.883,804
3,043,903
Pac. Co. owns the 416.000,000 stock. Div. 1906-07,10%; 1907-08, 25%: Investments,
&c
48,506
76,124
95.427
71,959
1908-09. 4%; 1909-10, 5%; 1910-11, 8%: 1911-12. 4%.
equip.,rents,&c.
552,365
445.912
301,262
342,521
EARNINGS.-12 mos.,11913-14_Gross. $4,700,887; net, $1.069,512 Hire of
July 1 to June 30.
1912-13___Gross, 4,657,947; net,
716.413
Net income
43.299,765 43,400,414 $3,257,025 $3,481,851
In year ending June 30 913. gross. $4.698.176; net,incl. other income Int. on debt and taxes
$823.617 $1,223.709 $1,234,327 $1,224.391
8753.401; deficit after charges. $106,212.-(V. 76. P. 548.)
Rentals
626.518
626,518
626.518
626,518
Dividend on stock..__(7%)1,118,930 (7)698,932(635)649.002 (6)599.079
MORGANTOWN & KINGWOOD RR.-See page 141.
MORRIS Ec ESSEX RR.-(See Map of Delaware Lackawanna & Western,)
Balance,surplus
8730,700
8851,255
8747.178 81.031.863
-Owns from Hoboken, N.J., to Phillipsburg. N. J., 85 miles; branch, DenChairman, E. C. Lewis; Pres.. John Howe Peyton; V.-P.. H. F.Smith:
ville to Hoboken, N. J., 34 miles: leases 38 miles: total open, 157 miles.
Leased in perpetuity to Del. Lack. & Western, which guarantees 7% Treas., J. H. Ambrose; Sec., T. A. Clarkson.-(V.99, p. 343, 1131. 1215.)
NASHVILLE & DECATUR RR.-(See Map Louisville db Nashville.)per ann. on stock and 1% extra in case 30% of gross earnings is sufficient
to pay all fixed charges and 10% on stock. V. 97. p. 887. hat ref. 335s, Owns from Nashville, Tenn., to Decatur, Ala., 119 miles. Re-leased to
see V.71.p. 1167; V.74,p. 1308: V.94.P. 560; V.97. p.887,1427. Im- Lou. & Nash. in 1900 for 999 years, the rental being 7)4% on stock. The
portant to D. L. & W. with terminal facilities on N. Y. harbor, but the Lou. & Nash. July 1 1914 owned $1,958.850 of the stock.-(V.70. p. 1195.
earnings show a deficit after payment of rental (Including 41.050.000 diva.),
NASHVILLE TERMINAL CO.-Owns bridge across the Cumberland
viz.: In 1908. $789,564.-(V. 97. p. 887. 1427.)
River and 18 m. of track. Leased for 99 years from May 1 1902 to Tenn.
MORRISTOWN 5c ERIE RR.-Owns Morristown. N.3.,to Whippany. Cant. RR.. which owns entire 41,000,000 stock. Of the bonds,$1,000.000
40 m.; Or.. 9% m. Stock. $400,000; par. $100. Bonds, see table above. had been Issued and pledged as collateral July 1914.-(V. 89, p. 1668.)
For year ending June 30 1914, gross.$99,034,agst. $106,971 in 1912-13; net,
NATIONAL RAILWAYS OF MEXICO.-Comprises:
after taxes, $18,361, agst. 436,003. For year 1911-12. gross. 492,103;
ctzndard Gauge-Owned.
mites. Matamoraa to Durango
171
net income, $39,637; int. on bonds, &c., $24.928: bal., sur., 814.709.
LaredoIty of MexIco
802 Branch-Irapuato to Ameca___ 217
Pres., R. W. McEwan, 11 Broadway, N. Y.-(V. 96, p. 1629.)
Mexico City to Juarez City......_1.224 " Guadalajara to Manzanillo 221
MOUNT CARBON & PORT CARBON RR.-Owns Mt. Carbon to Pon Mexico to Rio Balsas
182 San Juan Jet to Jaral
50
Carbon, Pa., 2.45 m.•, 2d track, 2.39 in.; total, 15.41 m. In 1910 re-leased Chicalote to Tampico
406 Monterey to Matamoros
206
to Phila. & Read. 999 years at 5% on stock, taxes, &c.(V. 89, p. 42.)
Tampico to Monterey and Gomez
Gonzales to Acambaro
53
Stock.
Palacio
MOUNT HOOD RR.-Hood River to Dee, Ore., 16.4 miles.
548 Jimenez to Rosario
96
4250.000:Par.$100. Bonds.see table. Year 1912-13. gross. 482.561: net Piedras Negras to Sauceda-- 238 Other branches, &c
1,300

g738




Om., 1914.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations. .tc.. see notes on first Pagel

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

9
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

National Railways of Mexico (Concluded)
See text
434 g J & J Oct 1 1926
Nat RR of Mex prior lien mtge g call 105- Un.xo* 1,284 1902 5500 dce 523.000.000
4 g A & 0 Oct 1 1951
See text
First cons M $60.000.000 gold (see text)---Ce.xe* 1.534 1902 500 &e 24,740.000
See text
--- 1889
1,000 1.374.000
5 g J. & J July 1 1939
Mexican Central-Priority bonds gold red 110 ---z
1.000
3g
176.600
July 10 Jan 10 1939
None paid
First cons Inc & scrip n-cum (59.600 pm)g AB.zo* 3,407 1889
1,000
21,000
3
do
Jan 10 1939
2d oo ns Inc($6.400 p mired 50% to July'29 Aare* 3.407 1889
a
---------------630.765
Car and locomotive rental notes
1897
1,000
--150,000
5 g A & 0 Apr 1 1917
Old Col Tr Co. Boa & Lou
Equipment 5s 550.000 redeemable yrly at par_ _x
1,000
--- 1899
300.000
5 g A & 0 Oct 1 1919
See text
do (550,000 yrly par( red 10234 beg 10_011..xo•
61. 1897 •6100 &e 5,850.000
4 Si g M & S Sept 1 1947
Speyer Brothers. London
Mex Lit prior lien £1.200,000 red at par-- Un.xo*.fer
866 1897 5500 &e
705,500
4g
M & S Sept 1 1977
Office, 25 Broad St. N Y
• First cons M $16,000,000 g not guar_Mp.xco &r
866 1897
500 &ii 6.501.000
do
4 g SI & S Sept 1 1977
do
• do g guar stamp subs to call at 95 to Mob 1907_x
1,000 7.000.000
263 1904
arc*
434 g 3 & J July 1 1934
Office, 25 Broad St. N Y
Vera Cruz & Pacific 1st M g red (text)
285 1903
1,000 2.003.000
5 g J de .1 Jan 1 1934
See text
Pan Amer(Max-Goat) 1st M(text)redip5gu p&I xc*
x
285 1907
1.000 2.170.000
5
J & J Jan 1 1937
See text
General mortgage guar prin & Int
___ 1909
1.000 1,600.000
6
A & 0 Oct 1 1914
Coat& Com Tr &S B4Ohio
Pan-American Co colt trust notes redeem at par-zoo
--- 1913
$ £ &c 26.730.000
Cex
par
6 g J & 1) June 1 1915
See text
Nat Rys 2-year secured gold notes redpar
--- 1913
45.&c See text
(3
6
J & J Jan 1 1917
3-year secured notes 52.460,341 red
746.000
6
June 1 1915
Secured gold notes extended
--_ 1914
CI
2,
See text
6
J & J Jan 1 1917
Three-year secured notes 51.509.752 red par__ _ _(I
_ 1914
See text
6
J & J Jan 1 1917
Secured gold notes $813.090 red par
--- 1914
CI
See text
6 g J dr J Jan 1 1917
Secured gold notes 53,099.046 red par
500 &o
--- 1908
M 54,500.000 g_z
200.000
6 g J & J July 1 1958
Nebraska Kansas & Southern-lst
1.000 1,000.000
204 1899
nag $1,500.000 g_x
5 g li & N May 1 1919
Moran Brothers. N I"
Nevada-California-Oregon-First
94 1888
1.000
5 g J & J July 2 1938
750.000
Nevada Central-ist M gold non-cum Inc (sk id)_ Cez
334% paid Aug 1914
-__ 1909 500 &e
622.000
6 g J & .1 June 1 1919
Nevada Copper Belt RR-First M 51.000,000 gold_ _z
Boston. Mass
New
Hay
York
e
New
Northampton-Se
en & Hartf ord
&
New England-Also New Haven
5 c .7 & j
250.000
1,000
12 1904
July 1 1934
New Jersey Indiana & Illinois-First M 5250.000 gold
Mach Tr Co,Bayonne.N J
5
$.4.000,000-13.zo&r
1886
guar
1.000
Junction-lst
M
4
1.700.000
F & A Feb 1 1986
NY Central & Hud River
New Jersey
25 1907
1.000
200.000. 6
slew Jersey & Pennsylvania-1st M 5200.000 red 105
J & D June 1 1927
Corp Tr Co. Jersey City
121 -100 1,500.000
9
Q-J Oct 1914 2g% New London Office
New London Northern-Stock
1.000
See
1910
121
Ba.ro•&r*
4 g J & J July 1 1940
1.500.000
First mortgage
Cp M&M Bk,NY:rag aid
35 1905
West River first mortgage guaranteed plan and int_
75,000
4
J & 1) 1990
New London Office
117 1901
51.000 52.500.000
5g J & D Dec 1 1941
New Mex Cen-S Fe Cen 1st M 52,500,000 g.-PPIxo*
Pittsburgh
Trust Co
Co
Northeastern
New Mexico R y & Coal-See El Paso & _Coloro•&r
241 1905 1,000 die 8,248,000
5 g F & A Aug 1 1955
New Orleans Great Northern-First M g_
Columb-Knick Tr Co,NY
_Nx
1917)
Aug
-------1,000
to
525.000
275,000
(due
s-a
5
17 & A To Aug 1 1918 N Y Trust Co, or Buffalo
Equip trust ser A
___ ____
100 8,075.300
New Onl Mobile & Chic--Com stook $25,000 per mile_
Pref (p & d) stock 6% n-o $5,000,000 (55.0009 m)--------100 1,259,500
403 1910
1,000 13,613.000
First mortgage 535.000.000 (530.000 per mile)--x
5 g J de J Jan 1 1960
July 1913 coup. not paid
NATIONAL RAILWAYS OF MEXICO-(Concluded).
Narrow Gauge-owned.
Cordoba to Santa Lucretia-- 202 City of Mexico to Acambaro.&o. 173
San Geronimo to Guatemala bor 285 Peralvillo to Beristain (102 in.)- 214
Leased138
Other lines
Controlled--SecurittegOwned Miles Michoacan & Pacific Ry
57
Texas Mexican By.(V.99,p.468) 162
Total incl. in earnings
7.661
Controlled-Earnings separate
LeasedMez.Un.Ry.,Coahuila Coal By. 35 Interoc. Ry. and Mex. Sou.-1.047
-6,373 Grand tot.(1.342 m.3-ft. gauge)8,027
Total standard gauge
parallel
other
lines
are
being abandoned
Lines aggregating 289 miles which
to save expenses; 178 to Oct. 1913. V.96,p. 72; V. 92, p. 1740.
28
1908
March
under
special
Act of ConORGANIZATION.-OrganIzed
918. 982. The properties of Nat. RR.
gress of Mexico. per plan In V.86. p.International
were
Mex.
acquired
by deeds:
and
Central
of Mexico. Mex.
V.88. p. 452: V.89,p. 1601; V.90. p. 1554. Application to list. describing
Properties, new securities, &c., V. 88. p. 1318. Vera Cruz to Isthmus RR.
and its bonds assumed and the Pan(340 miles) was merged Nov. 1 191397.
p. 1740. 1823; V. 98, p. 1000.
American ER. in March 1914. V.
$115,056,367
of the $230.000,000 authowns
Government
Mexican
The
orized stock, viz.: 510,000.000 first preferred, 530.278,300 second preferred
and 574.778,067 common stock, and guarantees the principal and interest
of the general mtge. bonds. V.87, P. 1533.
DIV.-1st pf., 1908, 1%;1909,2%;1910 to Feb. 1913,4%: none since.
BONDS.-The amounts of new bonds and pref. shares which the N. Y.
Stock Exch.agreed to list as soon as issued (V.88, p. 1318)are as follows:
(The amounts actually listed are shown in table at top of page.]
Prior Lien 4 ti% Bonds(5225.000.000 authorized)
/ratable In part exch.for Mex.Cent.bonds, abt__-93.494.962
Betterments, equip., retiring equip. oblig.. &c...- 13,005.000-5106,499.962
The remainder of the auth Issue of $225.000,000 Is reserved as follows:
(1) 523,000,000 to retire $23.000.000 National RR. of Mexico prior Ben
434s; (2) 590,324.807 (of which 55,175,193 issued) for extensions, &c.,
as shown in V.86. p. 1319, 919.
The right is reserved to issue 56,000,000 additional bonds to take up
£1,200,000 prior lien bonds of the Max. Internat. RR.Co.
Subject to call after Jan. 1 1917 at 105 in amounts not less than $10,000,000,or for cum,sink.fd.sufficient to retire entire issue by maturity.
Guaranteed General Mortgage 4% Bonds($160 000,000 auth.)
$47.765,075
Ts/suable for Mexican Cent, bonds,cash, &o
12,985,925-160.751.000
Betterments, equip., retiring equip. oblig., &c
The remainder of the $160.000.000 is reserved as follows: (0 524.749.000
to retire National RR.of Mexico first cense'. 48; (2)$74.500,000 (of which
57,776,375 Issued) for extensions, impts., &c. See V. 86, p. 1320. 919.
The right is reserved to Issue additional bonds to retire an equal amount
of the consol. mtge. bonds of the Mex.Internat. RR.
The general mtge. bonds will be subject to call at par In amounts not less
than 510,000.000 after April 1 1027;also on and after Oct. 1 1937 for a cumulative sinking fund, which is to retire entire issue not later thin 1977.
Of the Mexican International consol. 4s, $2.497,000 were in Jan. 1905
reserved for extensions at $10,000 per mile and improvements. The total
issue of consols is limited to 116.000.000. The guaranty of prin. and int.
by National RR. of Mexico under agreement of June 30 1902 stamped on
$6.501,000 of the consols has been assumed by the National Rya. of Mexico.
V. 75. p. 185. Prior lien 4348. see V. 65. p. 151, 1071. Consol. 45 of 1897
listed on N. Y. Stock Exch. Feb. 1898. See application in V. 66. p.341.
Vera Cruz to Isthmus RR. bonds are subject to call at 110 to July 1 1924,
and on July 1 1924 and thereafter at par. The company jointly guaranteed
Vera Cruz Term. Co. dabs. V. 87. p. 39: V. 91, p. 465; V. 92, p. 528.
The 8% 2-year secured gold notes dated June 1 1913 (529360,000 auth.
Issue) are to he ultimately secured by the pledge pro rata of 524.800.000
43.6% prior lien bonds and 517.000.000 gen. M. 4s. Any of the bonds
pledged may be sold and the proceeds used to purchase or redeem notes
The 526,730,000 present issue were sold to retire the 510.000.000 4.34%,
notes due June 1 1913 and to pay or acquire the 513.000.000 6% notes due
Nov. 15 1913. The remaining notes were applicable (a) to the extent of
not over 51.700,000 toward the payment of interest due July 1 1913 on the
prior lien bonds and on Oct. 1 1013 on the gen. M. bonds and (b) to the extent of $730,000 for int. due Nov. 15 1913 on 513.000.000 6% notes, int.
int. due Jan. 1914 on prior lien
due Dec. 1 1913 on notes of this issue and
1504, 1663, 1739.
bonds. V. 96, p. 1629; V.97, p. 176,
of business by the Mexican revolution,
In 1914. owing to the interruption
of maturing coupons 6% notes
the bondholders were offered in payment
interest out of income from deposited
due Jan. 1 1917 at par, entitled to
secured by pledge of 6% 10-year
securities and available revenues and advanced
to the company, viz.:
Mexican Govt. treasury bonds of 1913
on the National Rys. prior lien 434s
(a) To pay the Jan. 1914 interest
Central
Ry. priority 5s (not to
Mexican
and
4348
lien
prior
National RR.
1 1914. security, Mexican Govt.
exceed $2,460,341 notes dated Jan.
for 6 mos.): total limited
Jan.
1914
In
suspended
was
int.
which
(on
bonds
$45 notes. The July 1914 coupons
to £595.580 at rate of $52 94 bonds for
6% redeemable Max. Govt. bonds of
(573,810) being defaulted, $267,523
security. See V. 98, p. 74, 453;
additional
as
1914 have been deposited
V.99,p.407,675.
Rys. Gen.4s and Nat. RR.of
Nat.
on
coupons
1914
April
(b) To pay the
dated April 1914, seMax. 1st consol. 4s, not to exceed $1,509,752 notes,
cured by 6% 10-yr. Max. Gov. bonds (1365,470). $100 bonds for $85 notes.
V. 98, v. 1093.
-year 6% gold notes and 6% 3
(c) To pay the June 1914 coupon on 2
1 1914, notes not to exceed
months secured gold notes extended to June
Govt.
treasury bonds (total issue,
$813,090, secured by 6% 10-year Max. notes.
V.98,p. 1072.1393,1694.
1197,530) at the rate of$100 bonds for 385
V. 99, p. 120.
EARNS.-12 mos.1.13-14(Mex.cur.)Gross,$34,069.131; net,52,286,610
July 1 to June 30. 1'12213(Mex.cur.)Gross, 57,370,282; net,21,126,336




REPORT.-Report for year ending June 30 1913 was in V. 97. p. 1729;
1739.showing.in Mex.cur,cony.into U.S.cur.
at 50c. on dollar:
1912-13.
1911-12.
1910-11.
Gross earnings
$57.792.382 $61,447.791 $61.934,421
Net earnings
21,126,335
23.012,536
22.655.076
Other income
1,658.652
944,892
2.012,821
Total income
523.139.155
$24,671,188
523.599,968
Taxes, rents, &c
$1.793,543 $2,924,439 53.095,829
Interest charges
20.622,0 •1 19.403.457 17.946,269
Reserve fund
36,178
127.893
124,228
Balance
First preferred dividend

5687.382 52.360,348 52.429,977
(2%)1,i53,316(4)2.306,632(4)2,306.632
Surplus or deficit for year
def.
sur.$53.716sur.$123.345
Chairman of board, Carlos Basave;$465,934
Vice-Chairman, E. A. de Lima;
Vice-Pros, and Chairman, N. Y. Local Board,
.1 Ms
Cabrera. N. Y. office, 25 Broad St.-(V.99, p. 916. 969. 105
;27
res1131' )
NEBRASKA KANSAS & SOUTHERN R Y.-Projected Stockton to Garden City, Kan., 162 miles, &c.; 15 miles from Garden City completed Nov.
1912. Stock auth., $4.500,000; outstanding June 30 1912. $300.000; par,
5100. Bonds, see table above. Pres., J. C. Hopper, Ness City, Ran.;
Treas., E.J. Williams, Stockton, Kan. Office. Stodcton. Kan.
NEVADA-CALIFORNIA-OREGON R Y.-(3-ft. gauge.)-Reno, Nev.. to
Lakeview, Ore., 238 miles. Owns all the stock of the Sierra & Mohawk
Ry.,Plumes to Mohawk. Cal., 37 miles, which was acquired Jan.30 1909 at
foreclosure sale. V:93, p. 164. Stock, corn., 11.450.000; pref.. $750.000.
all out. After 5% on corn., both stocks share pro rata. Divs. on pref.
1906,3%; 1907, 4%; 1908 to 1910. 5% each; 1911. 3%; Sept. 1912. 2%.
Div.on com. stock. 1%.Aug. 1909; 1% Aug. 1910; 1911 to 1913, none.
Report for 1912-13 was in V. 97, p. 1580. In 1913-14. gross, $367.259;
net, 569,065. In 1912-13, gross, $403,979; net, $120,346; other Income,
$3,083; bit., taxes,&c.,$87,426; bal.,sur.,$36,004. Pres.,Charles Moran,
68 William St., N. Y.-(V. 99, p. 346.)
NEVADA COPPER BELT RR.-Owns Wabuska to Ludwig, Nev..
37.8 miles; Wabuska to Thompson, 2.50 m.• total, 40.3 miles. Incorp. In
Maine Mch. 22 1909. Stock auth., $1.000.000,
all issued. Bonds (auth.
'
Issue $1.000,000), Federal Trust Co.. Boston. Mass., see table above.
Currant liabilities June 30 1913. $229,11110. For year ending June 30 1913,
gross,5225.842; net. 5107.688; int., taxes. &c.. $60.093; bal., sur., $47.595.
In 1911-12, gross. $122,071; net, $30,305. Pres., Samuel Naphlay,
Grass
Valley, Cal.--(v. 95, p. 1746; V. 96. p. 1089, 1489. 1630,
1840.)
NEVADA COUNTY NARROW GAUGE RR.-Colfax to Nevada City,
Cal., 2034 miles. In May 1913 control was acquired by Oakland Antioch
& Eastern (Elec.) R.Interests, V. 96, p. 1630.
Stock $250,200; par of
shares, $100 each. Divs. paid: In 1882,
3%; 1143,6%; 1.903 to 1905, 5%;
1906.10%; 1909 and 1910.2 %;1911.63S
%:
1912,
June,1;S%; Aug..2%;
Sept.,3%; 1913, Aug.. 2%; Nov.,3%; 1914. May,
16%. V.98. P. 1695.
Bonds, $162,000 1st 7s; Int. J. & J. at Wells Fargo Nat.
Bank, San Fran.
Bonds are payable in annual installments,
increasing
from
$4,000 in 1920 to
$20.000 in 1924. In April 1914 filed a monge to the Union
Trust Co. of
San Francisco as trustee to secure 5500,000
bonds of 51,000 each, due
Apr. 1943, subject to call at 105 for a sinking5%
fund of $3,500 yearly 1920 to
1929,$7,500 from 1930 to 1940
$16,000 1940-1943: int. A.& 0.at office
of trustee; $50,000 outstanding.and
V.98, p. 1157.
Year ending June 30 1914, gross. $166,773;
net, 545.731; other income,
$75; bond int., $12,173; bal.sur. $33,633. In 1912-13, gross. $129,365;
net. 531.230. Pres., Samuel Naphlay, Grass Valley, Cal.; V.-P.,
3• I.
Walter; Sec. & Treas., H. A. Mitchell.-(V.98,9. 1157, 169b/•
NEW JERSEY INDIANA & ILLINOIS RR.-South Bend to Pine. Ind.,
12 miles. Stock, all issued. $100.000; par. $100. Bonds,5250.000.
Mechanics' Trust Co., Bayonne. N. J. trustee. Year ending June 30 1914
muss. $85,096: net. $44.411: other income, $564; int., taxes, &c., $39,627:
bal..surP,$5,338. Pres.& Gen. Mgr..Clayton Mayo: V.-P.. R.0.Scholz;
Sec., H. C. Weppler; Treas. & Gen. Freight Agent, T. A. Hynes. Office.
149 Broadway, N. Y.
NEW JERSEY JUNCTION RR.-Terminal road through Jersey City.
Hoboken and Weehawken, about 5 miles. Leased for 100 years in
1886 to N. Y. Central, which guarantees bonds and owns $100,000 stook.
NEV JERSEY & NEW YORK RR.-Owns from Erie Jot., N. J., to
Garnerville. N. Y., 29 miles; branches to New City. &c. 5 m.; operates to
ilaverstraw, &c.. 14 m.; total operated, 48 miles. Erie'
RR, in pril 1896
purchased control. Stock. $1,440,800 corn.. $787.800 pref.; par. $100. Controlls with pref. stock and 1st mtge. till 6% has been paid on pref. for three
years at 5%. V.90,p.914. Year 1913-14, gross,$846,601; net,5181.895.
In 1912-13,gross,$844,244;net.$255,682; other income,$2,527;int., taxes,
&c.,$255,346; bal.. sun,$2,863. In 1911-12, gross, $805,005; net,income,
5283,892.-(V. 90. p. 914.)
NEW JERSEY Cc PENNSYLVANIA RR.-Whitehouse to Morristown,
N. J.. 25 miles. Frederick V. Pitney of Morristown. N. J., is receiver,
V. 96. p. 63: V. 90, p. 772. Road being out of repair, operation was
discontinued Oct. 20 1913. In Aug. 1914 It was proposed to incorporate
the Northern Central RR. to lease the road. V. 99, p. 609. Stock,
$400,000; bonds auth., 5200.000. For year 1911, gross, $45,139; net after
taxes, $14,077; bond int., $10,000; bal., sur.. $4,077.-(V. 97, p. 729, 887,
1024; V. 98,9. 913, 1845; V. 99, p. 407,609.)
NEW LONDON NORTHERN RR.-Owns from New London, Conn.,
via Brattleboro, Vt., to South Londonderry, Vt.. 158 miles.
LEASED for 99 years from Dec. 1 1891 to Central Vermont. The rental
Is $213,552 per annum, which leaves a small surplus after providing
terest, &e., and 9% dividends. Taxes and Improvements met by for inlessee.
In July 1910 Issued $1,500,000 4s to refund bonds
due. V. 90, p. 1677.
DIVIDENDS.-1888 to AMU 1892, 7% yearly, then 8%
yearly to 1893
and since to Oct. 1914. incl., 2g% quer.(9% per an.)--t
90. p. 1677.

92

RAILWAY STOCKS AND BONDS

[VOL. xcpc.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Dale
RAILROAD COMPANIES
Payable and Maturity
Dividends are Payable
Road Bonds Value Outstanding
page]
%
(For abbreviations. ct.c., see nots.:s on first
$100 38.000,000 1 In 1914 Yearly Sept 4 1914 1% New Orleans, La
196 _- ._
$6,000.000-New Orleans & North Eastern-Stook
Central Trust Co N Y
6 g A & 0 Nov 1 1915
1,000 1,320,000
Ce.xo•
196 1885
Prior lien mortgage gold
Farmers' L & Tr Co. N Y
4 % g J & JJan 1 1952
1,000 6,162,000
196 1902
F.xe•
General mortgage 48,000.000 gold
(It earned) on Dec 1
1,000 1.500,000 Up to4 SS % gold July! 1952
196 1902
Income mortgage (non-cum) 41,500.000 gold_ _ N.xr
Guaranty Trust Co, N y
1953
1
AMY
J
&
J
g
4
14,000,000
&a
1.000
1903
--gu-0.xe&r•
g
415.000.000
New Orleans Term-1st M
& San Fr
New Orleans Texas & Mexico-See St Louis
Sate Dep & Tr Co.Beston
5 g J & JJan 1 1941
350.000
1.000
22 1911
Newport & Richford-15t at 4350,000 g gu C&P.SB.xc
New York & Philadelphia
4 g J & J Jan 1 1948
14 1908 1.000 &c 4,185.000
gold-OPx
New York Bay-First mortgage $6,000,000
A & 0 Oct 1914 214% Cheeks mailed
5
650.000
100
15 __
Bklyn & Manhattan Beach-Pref stock non-cumU S Mtge & Tr Co, N Y
5 g A & 0 Oct 1 1935
1.000 1.726.000
15 1885
First cons mtge Blow 1st M) gold guar by L L _Ce.o•
Central Term, NY
____
100 225.581,066 5 in 1914 Q-J Oct 15 1914 11i Grand Cent
Cent & Hod River-Stock (4225.581.100 auth)-Tr_
Grand
1922
1
July
TerminaLNY
0
&
A
1874
1.000 9.576.000 5 & 3 A
Rome Vat & Ogdens cons M ($500,000 3As)-- P.ze All
do
tio
0July 1 1922
&
A
4
419.000
1.000
1874
All
F.zx
mortgage
Consol
do
do
1915
1
Feb
A
&
F
6
100,000
z
1885
Oswego Bridge Co first mortgage
do
do
F & A Feb 1 1915
8
175.000
17 1885
Syracuse Phoenix & Oswego first mortgage ___Baz
do
do
5 g A & °Apr 1 1916
13 1886 --------130.000
Nz
Nor & Mont 1st M gold (410.000 pm)do
do
5 g M & N May 1 1918
375.000
1.000
7 1888
-ze•
R W & Ogd Term RR first M gold assumed
do
do
& 7 Various May 1 1915
g
5
747,000
1.000
28'65-'91
2d
and
--z
55go
_--M
(4350.000)
7s
M
1st
Rome
&
Osw
do
do
1922
1
July
J
&
J
g
4
1.950.000
&
1.000
p
guar
gold
1890
I_Ce.ze
M
150
Utica & 1311'k Riv 1st
do
do
1927
1
Oct
0
&
A
5g
1,000 1.200.000
57 1887
zc
New York & Northern first mortgage gold
do
do
A & 0 Oct 1 1993
4g
1,000 3,987.000
57 1894
Un.xeltr
NY & Put cons g gu p Sr I
Columbia Trust Co,N Y
M & 8 Sept 1 1991
4g
1,000 2,500.000
182 1892
Moh & Mal 1st M $15.000 pm g gu p&i(end)Col xes
N Y
Term.
Cent
Grand
2002
314 g M & S Mar 1
182 1902 1.000 &e 3,900.000
0.xc5Str
Consolidated mtge gold
do
do
4 g J & D Dec 1 1981
1,000 1,100,000
46 1892
Un.xc•Scr
Carth & Adir 1st M g guar
do
do
1931
1
July
J
&
J
g
5
300.000
1.000
29 1891
Carth Water & Sack Har 1st Mg gu p & i (end)__x
do
do
5 g J & D June 1 1942
300.000
1.000
13 1892
Gouverneur & Osweg atchie 1st Mg gu p & 1_ Un.xc
do
do
4 g J & .1 July 1 1955
69 1905 1.000 &c 1,458.000
Ox
New York & Ottawa first mtge gold
do
do
1932
11
July
J
&
J
3
250.000
1902
Little Falls & Dolgeville first mortgage
do
do
M & N May 1 1959
4
600.000
1909
Geneva Corning & Southern 1st & ref M
N Y Central & Hudson River Issuesdo
do
1997
1
July
314 g I & J
Refunding mortgage 5100.000,000 gold___Ce.xo•&I 1,828 1897 1.000 Lie 94.000,000
do
do
314 g F & A Feb 1 1998
___ 1898 1.000 doe 90.578.400
(1.xe dor
Coll trust g Lake Shore stock
do
do
3)4 g F & A Feb 1 1998
-__ 1898 1.000 &e 19.336,000
fix
do do Michigan Cent stock
do
do
314 g J & D June 1 1959
-__ 1909 1.000 &e 2.500,000
Cex
Mtge on Spuyten D & P IA gold
do
do
1
July
J
2000
&
I
g
314
bond
5,500,000
1
1900
x
Debentures (V 69. p 1102; V 71. p 502. 964)
do
do
1934
1
May
N
&
M
g
4
___ 1904 1.000 &e 48.000.000
Debs g (V 98, p 2384; V 86, p 1467)__Us.xc5&r5
New York
Jan 1 1942
J
&
J
g
4
a9,188,000
&c
1,000
1912
--_
&c)
Ci.xc•Scr•
purch,
(Harlem
Deb bonds
New York
F' & A Feb 1 1998
4g
___ 1913 1.000 &c See text
Consolidation M $167,102,400 gold___Ba.xc•&r•
N Y, London & Paris
A & 0Oct 1 2013
-__ 1913 4. £ & fr See text
Refunding and improv't mtge see text__40.0&r*
N May 1 1915
&
M
g
414
20.000.000
1912
a
authorized
Gold notes ($3:).000.000)
re... h.% aaaarad by ,,n,T C1117 102 400 401 mortiracrA of1013 sea tax t

N lf
NY

south to
NEW YORK CENT. & HUD. RIVER RR.-(See Maps, pp. 98. 97.)
NEW MEXICO CENTRAL RR.-Owns from Santa Fe. N M..Santa Fe
mum Beech Creek RR.•
165
Lines OwnedTorrance, 117 m.; opened Jan. 1 1905. Name changed from
434 Beech Creek Eaten RR.. etc.• 136
was
Pittsbureh
of
Murphy
C
C.
1910
Jan.111
New York to Buffalo
Central R3/.111 Aug. 1908. On
1.394 Wallkill Valley
33
M. of 1901 and Branches
appointed receiver. Forec,osure begun June 1910 under 1st
Operated Under ContractLines Leased (*See this co.)
also under Albuntierque & Eastern mtge. V. 60, n. 108, 1554, 1577; V "9.
11
Terminal
of
479
Ry.
Buffalo•
p.
98,
V.
1993;
West Shore'
p. 1109. Foreclosure sale was adjourned indefinitely.
56
6 St. Lawrence & Adirondack'
V. 99, p. 1900. Stock, 42,500,000, all outstanding. For year end. June 30 Troy & Greenbush•
443
6
13
Ohio
&
Central
Toledo
net,
$110.808;
gross.
Harlem*
1912-13,
&
In
York
$6,586.
oper.
New
def..
1914. gross. 92,741:
90
5 Zanesville & Western
421.305; other income, $144; int., taxes, &c., $18.110; bal., sur., $3,339. New Jersey Junction*
91
Toronto Hamilton & Buffalo
Pres.. Harrison Nesbit. Pittsburgh, Pa.; V.-P.. W. S. Hopewell: Treas., Boston & Albany------------ 393 Trackage. etc._
273
______
M.
Ry____
N.
4
Fe,
Santa
Dolgeville & Salisbury
Charles C. Murray; Sec., Francis J. Torrance. Office,
_3.756
Total In earnings_ __
Geneva Corning & Southern* -- 232
_(v.92. p. 1109; V. 98, p. 1993; V. 99,13. 198.)
.71aLIMMIla••••••••
Controlled-Operated Separately.
91
.- NEW ORLEANS GREAT NORTHERN RR.-Owns New Orleans, La.. Lake Shore & Mich. Southern'.,1.853 Dunkirk All. Val. & Pitts.'_
224
to Jackson, Miss., 182 miles, with branches, Rio. La., to Tylertown. Miss.. Michigan Central... ______ -.1.800 Pitts. e. Lake Erie System..
41 m.; Slidell. La.. to Folsom, La., &e., 62 in., making a total of 285 miles Lake E. Alliance & Wheeling_
Chicago Kalamazoo & Saginaw 45
42
operated, incl. 29 m. trackage from New Orleans to Slidell. La., and other N. Y. Chic. & St. Louis RR.'__ 523 Detroit & Charlevoix_ _
p.164) 105
trackage. 13 m. Stock, $7.500,000. 1st M., $10,000,000 auth. issue: Lake Erie & Western* ______ 905 Indiana Harb. Belt (V.93:outstanding, 17,500,000. Plain bonds and notes June 30 1914, 435.000.
"Big Four" System'- --------2.014
Total 1914, less 272 miles
359
Gross, $296,828; net, $112,927 Chicago Indiana & Southern*
- INGS.-2 mos.,c1914
R'N
tor EA
12,311
duplicated
245
Gross, 322,075; net. 136,233 Cincinnati Northern'---------245
1913
July 1 to Aug. 31.
In Feb. 1913 merged 379 miles of controlled and leased lines in N. Y.
Report for year ending une 301913, in V.97,p. 1352. In 1913-14. gross,
&
York
New
Malone,
&
Mohawk
Putnam,
&
York
bonds,
New
including
on
State,
$1.875,540; net, after taxes, $709,199; other income, $3,572; int.
N. Y. State,
$427,180; other charges, $111,508; disc, on securities. $19,104; bal. sur., Ottawa, &c., and in April 1913 839 in les of additional lines in River,
Little
Black
&
Utica
Ogdensburg,
&
Watertown
Rome
'Mgr.,
F.
Gen.
Including
Treas.,
Lehr;
A.
and
See.
Miller;
I.
H.
Pres.,
$154,979.
Falls & Dolgeville, &c. V. 98, p. 554,653,863,1089, 1157; V. 98, p. 1077.
R. H. Howard.-(V. 97, p. 1352.)
In May 1912 was authorized by P.S.Comm.to sell to N.Y.N. H.& 11.reNEW ORLEANS MOBILE & CH ICAOCERR.-Operates-403 miles, viz.. malning
interest in majority holdings of Rutland RR. pref., but suit is
Mobiie,Ala.,to MiddletonTenn369 I Ellisville Jct. to Ellisville, Miss_ to restrain sale. V.92. p.527; V.94, p. 1317; V.95, p. 1608.
pending
3
Beaumont, Miss.. to Hattiesburg 271
PROPOSED CONSOLIDATION.-The stockholders on July 20 1914
3572TANIZATION.-Successor Dec. 1 1909, per plan V. 85, p. 1577; V. ratified the agreement of consolidation of the company, the Lake Shore &
87. p. 1664. to Mobile Jackson & K. C. and Gulf & Chicago, foreclosed. Michigan Southern and nine other subsidiaries (below named) under title
On Dec. 19 1913 Pres. William F. Owen was made receiver. V.97, p. 1898. of "The New York Central Railroad Company" with 4300.000,000 authThe St. Louis & San Fran. and Louisv. & Naslav. late in 1911 acquired a
stock, all common. Of this, 3249,590.500 is to be issued to the
joint controlling interest in the stock. A traffic agreement has been made orized
stockholders of the consolidating companies and 450.409.500 will be reserved
with the New Orleans & Northeastern By., under which the latter will at- for
purooses. When the agreement has been approved by the Pub.
future
p.
97,
V.
1352;
New
arc.
tend to business offerings to or from
Orleans,
Ser. Comm'rs, the consolidation will be consummated. V. 98, n. 1393,
V.93. p. 1464: V. 94. p. 351: V. 96, p. 132.
343, 467, 538, 1052, 1131. 1215.
Protective Committee for 1st and Ref. 5s.-John W. Platten, Chairman; 1845; V. 99, p. 270,
Consolidated Company.
Basis of Exchange of the 8249,590,500 Stock ofpar
V. Ehricher, 55 Cedar St. Sec.; U. S. Mtge. & Trust Co depositary).
for oar. $225,581.066
Hudson River RR. stock,
&
Central
New York
V. 96, p. 1630; V. 97, p. '
1840.
By. minority stock, $4,706,900, five
There are also outstanding 533,000 old Mobile Jackson & K. C. 1st 50-year Lake Shore & Mich. So.
stk.) 23,534,500
$1,500,000
to
as
iettlem't
however,
(see,
one
for
shares
Co.,
Trust
J.
int.
Central
D.:
&
gold
(not tax-exempt)
5s, due June 1946;
474.934
N. Y., trustee. Of the 1st 5s of 1910, $167,000. and of the pref. stock, Minority stockholders in other subsidiaries
Companies included with Lake Shore Li Michigan Southern in Merger.
4740,500, in addition to the amounts shown as outstanding above, were in
Toledo
&
Detroit
RR.
Monroe
RR.
Southern
&
Corning
the treasury June 30 1914. See V.94, p. 351; V.93,p. 871; V.94,p. 488. Geneva
Kalamazoo & White Pigeon P.R.
Terminal By. of Buffalo.
Miscellaneous car trusts June 30 1914$89,102.
RR.
Northern
Pittsb.
&
Central
Val.
RR.
Altegh.
Michigan
Dunkirk
Gross,$342.357; net. 4100.899
EARNINGS.-2 mos.,1 1914
Swan Creek Ky. Co. of Toledo.
& Southern RR.
Gross, 364.715; net, 133.839 Chicago Indiana
11913
July 1 to Aug. 31.
Detroit & Chicago RR.
REPORT.-Report for year ending June 30 1913, in V. 97, p. 1352. In
STOOK.-Divs. on stock reg. in London are payable at 49%d. to the S.
1913-14, gross, $2.204,369; net, after taxes, $667.486. In 1912-13 (535 V. 89. p. 1223, 1411. 1542. 1668: V. 90. p. 705. In April 1913 outstanding
average miles): Gross revenue,$2,490.052; net, after taxes. $658,623; int., stock was increased from $222.729,300 to S225,581.000. V.96.p.
863.1298.
rents, &c., $957,519: bal., def.. $298,896.-(V. 97. p. 1898.)
DIV'NDS.
'00-06.'07. '08. '09. '10. '11. '12. '13.
1914.
to Since 1894.'7.14 yriy. 5 yrly 6 5g 5 54i 5g 5 511,
1,14.1q.IYA
NEW ORLEANS &NORTH EASTERN RR.-New Orleans. La.,
which
of
5100).
(par
$6.000,000
BONDS.
to
NEW
Stock.
miles.
-Preparatory
the
196
absorption of the Lake Shore &
Meridian. Miss..
$5,336.300 and 45,595.000 gen. 4)45 and 41,500,000 incomes were held in Mich. So. and other subsidiaries west of Buffalo, two new mortgages were
made in 1913. per plan in V. 98. p. 1424. namely (see V. 98. p• 387):
Jan. 1914 by Ala. New Orleans Texas & Pacific Jct. My.(V. 74, p. 681.)
1914.
Consolidation Mort. $167,102,400 to Secure, Without Increasing Debt
(%) '03. '04. '05. '06. '07. '08. '09. '10. '11. '12. '13.
-1- 1177-1
1
5
5 6% 6% 5
(1) Equally by Lien Prior to that Securing the Debentures3 3
3)4 5 8 4
Yearly (Sept.)'(
Of the gen. 4%s,$1,372,000 are reserved to retire the remaining prior lien (a) N. Y. Cent.3B% Lake Shore coll, bonds of l898-1998-....$90,578,400
(b) N. Y.Cent.3 % Mich. Cent,coll, bonds of 1898-1998__ 19.336,000
bonds and 4466.000 for future needs.
(2) Equally by ten Subsequent to Lien of AforesaidGross. $3,975,710: net. $920,180
EARNINGS.-12 mos.,f 1913-14
$48,000.000
Gross, 3,764,458; not, 898,411 (c) N. Y. Cent. debentures of 1904, due 1934
11912-13
July 1 to June 30.
(d) N. Y.Cent. debentures of 1912, due 1942
9,188,000
REPORT.-For 1912-13, In V. 97. p. 1500.
(e) 4% Consolidation Mtge. bonds dated Aug. 1 1913 and due
Balance.
.31,c.
Int.
Inc.
Other
Net.
Year end. June 30. Gross.
Feb. 1 1998, issuable in series A, B,0 and D only to refund
$3,764,458 $751,264 4213,636 4583,533 $381,367
above collateral bonds and debentures, respectively.
1912-13
371,384
855.429
148,578
878.235
3,765,754
The Consolidation Mortgage covers the lines owned in 1913 (including
1911-12
From surplus paid div. of 5% ($300,000) yearly.-(V. 99. p. 748.)
those then brought in by consolidation). 75% (3,750 shares) of the stock of
property Hudson River Bridge Co. at Albany and the leases of Troy & Greenbush,
NEW ORLEANS TERMINAL CO.-Owns extensive terminal
St. Louis & New York & Harlem, West Shore and Beech Creek railroads. On the main
at New Orleans and a belt railroad around the city, leased to the
covering line between New York and Buffalo there is no lien ahead of it except the
rental
11903,
July
from
yrs.
99
for
San Francisco and Southern By.
Ky. 5100.000,000 1st M.of 1897; and on the railroads consolidated in 1913. such
ail expenses of operations, maintenance, taxes and interest. Southern
outstanding
52,000.000
as the Rome Watertown & Ogdensburg, Mohawk & Malone. &c., there are
the
of
half
owned
each
Francisco
Li
and St. Louis San
L. no prior liens except the old underlying mortgages thereof and the N. Y.
St.
the
but
bonds,
stock ($5,000,000 auth.), and jointly guaranteed the half of the int. then
Central's $100.000,000 1st mortgage.
one
of
payment
in
defaulted
1913
1
July
on
F.
S.
&
Over 75% of the Lake Shore collateral bondholders had on April 11 1914
share. See
due and the Court held in May 1914 had forfeited its one-half
the option to do so expired) consented (a) to the consolidation of
V. 98, p. 304. 1460; V. 86, p. 721; V. 88, p. 564; V. 92.,p. 660: V. 97, P. (when
N. Y. Central and the Lake Shore; (b) to an exchange, following conthe
763,
)
304,
1460)
p.
-(V.
Curran.
98,
1898. Pres., D. D.
solidation, of these 4% bonds for their 3)4% Lake Shore collaterals.$ for 4.
Vt.. to Canadian V. 98, p. 1245. 1393. 1695. See also "Consolidation" above.
NEWPORT & RICHFORD RR.-Owns from99Newport.
years from June 8 1881 to
Refunding & Impt. Mtge. for New Capital and Debt Unification.
lino near Richford, Vt., 22 miles. Leased for Canadian
By.; rental
Pacific
The purpose of the Refunding and Impt Mtge, is to provide for future
Montreal do Atlantic By., In turn operated by
Connecticut & Pas- financing
by
owned
mostly
of the New York Central or of a successor consolidated company,
5350,000,
Stock,
year.
$18,000 a
guarantees the new and for the
unification of the debt. The bonds are issuable in series, all
sumpsle Rivers 1112. (Boston & Maine system), which
1026.-(V. 91. p. 1026.) due Oct. 1 2013. but bearing date of April 1 or Oct. 1 next preceding
the
43501.000 1st 55, principal and interest. V. 91. p.
to
J.,
the series is authorized, and carrying interest at such rates,
which
N.
Junction,
on
date
NEW YORK BAY RR.-Owns from Kearney
Greenville piers, on subject to call at such dates, and prices, and with such provisions as to conat
line
bulkhead
the
to
Waverly
Waverly, and from
total, 13.59 miles. version, &c. as shall be fixed by the board for successive series.
New York Bay, 11.02 miles, with 2 branches, 2.57 miles;
Limited to ,3 Times Cap. Stock-Limitations after Issue of $500,000,000.
31 1913. 13.100.000
Stock. $6.000.000, all owned by Penn. RR.. with Dee
debt cords..
The amount of bonds which may be issued under the Ref. and Imp. M•
$250,000;
1913,
31
Dec.
of the bonds. Mortgages payable
limited to a stated amount, but is determined by standards set up
isnot
$56.000.-(V. 86, p. 920, 982.)
from in the mortgage itself, and those standards are believed to be such that a
-Owns
RV.
BEACH
NEW YORK BROOKLYN & MANHATTAN
will be indifferent as to the amount of bonds which may be
bondholder
branches
and
Fresh Pond Junction to Manhattan Beach (Coney Island).
from Oct. 1 outstanding under the mortgage, so long as the standards are complied
to Bay Ridge and Greennoint. 15 miles. Leased for 99 years
of Ref. & Impt. M. bonds outstanding cannot exceed
amount
The
with.
Rental.
stock.
of
1885 to the Long Island RR. Co., which owns majority
three times the amount of the capital stock as from time to time increased.
interest on bonds and 5% on pref. stock. Common stock, 4350.000.
of the bonds shall have been issued, not more than
After
3500.000.000
principal
of
guaranty
unconditional
its
L. I. RR. has attached to the bonds
80% of the cost of Improvements, additions or new property can be paid
and interest in addition to facts as to lease.-(V. 83, p. 1348)

at




1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
New York Central & Hudson River (Con.)
One-year notes
Notes $12,000,000 (to be paid Nov 5 1914)
Notes.about$30.000,000
Six months and one-year coupon notes
Equip tr (B & A) $500.000 clue yiy text-0.50.4r
New York Central LinesJoint eq tr g $2,000.000 an (V 86, p920) _13.z0•dor
do
do 32.000.000 an (V 90. p 914)-(Ise dor
(1.zo5 dor
do
do due $1,000.000 yearly
Ci.ze&r
do
do due $1.348.000 yearly
stook
--Common
Louis
New York Chicago & St
Second preferred stook (5% non-cum)
First preferred (5% non-cumulative)
Ce.xo•dor
First mtge gold (closed)
..13.xo•&r•
Debenture bonds 210.000.000 gold _
0.y.er*
'18Aug
beg
105
grad
M
RR-lst
N Y Conn
& I_ N.gxo•
N Y & Green wood Lake--Prior lien M gu p guaranteed
14%. 10%
New York & Harlem-Common
Preferred stook 14%. 10% guaranteed
g 0.x05dor
Refunding mtge (now first) $12.000.003
-Stook guar 5% (end)._
N Y Lackawanna & Western
Western
F.xo•
&
Lack
Del
by
First mtge guar
Construction mtge guar by D I, & W (end)_ F.xo•
Third M Term Imp ($5.000,000) guar p &I(end).F.x
New York Lake Erie & Western-See Erie RR
N Y& Long Br-Gen M (now 1st) $2,500,000 gCe.o•
New York New Haven & Hartford-Stock (see text)_
Debentures ($5,000,000 are 4s) non convert..
a
Debentures (for F H & W) (V 78, p 2335)
Debentures (for N Y 0 4W)(V 80. p2458) _seder
xo•dor
Debentures convertible (see text)
______ ____ __z
Debentures not convertible- -_-Debentures 145.000.000 francs ($29.000.111111)
Debentures $39.029,600 gold cony (text) ....zo"-dor
Notes secured by collet $20,000,000 red 10234
Notes $10,000,000
N y prov & Boston gen M (now 1st) g assum _seder
Housatonic con M (33.000,000) g (assumed)-F zo•
N Eng cons (now 1st) M $7.500.000 55 g gu-Ba.zc•
N V A. Nr P. nnatnn Tr.em 1st iu 51.500.000_ AR.zedor
--x

Miles Date
Road Bonds

Par
Value

1914 $1.00()&c 35.000.000
5.000 12.000.000
1913
ab t30.000.000
1914
1.000 40,000.000
___ 1914
___ 1912 $1.000&c 6.590,000

-

_--------

1907
1910
1912
1913

1,000
1.000
1.000
1.000

doo
4o
doo
&c
100
100

-100
La iiii'
L000
___
--53
146
146
136
214
214
214
214

1906
1,000
1913 1.000 &c
100 40
1896
-___
50
50
---1897 1.000 doc
._
100
1.000
1880
1,000
1883
1,000
1890

Rate
%

When
Payable

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

5
Sept 15 1915
5
Nov 5 1914
5
1915
5
Grand Cent Term, N Y
A & 0 Apr-Oct '15
434 g A & 0 Oct 1915-1927 New York

16,000,000
5 g M & N Nov 1915-1922 Guaranty Trust Co, N Y
do
22.000.000
434 g J & J Jan 1 1915-25
do
13.000.000
414 g J & J Jan 1915-1927
18.872.000
434 g J & J Jan 1 1915-28 New York and London
14.000.000 See text March Mch 1 1913 4% Grand Central Term. N Y
11,000.000 See text M & S Mch 2 1914 2%
do
do
5,000.000 See text M & S Mch 2 1914 234
do
do
4 g A & 0 Oct 1 1937
18.777.000
Union Trust Co. N Y
10,000.000
4 g M & N May 1 1931
Grand Central Term NY
16.000.000
New York
434 g F & A Aug 1 1953
1.471.600
b g M & N May 1 1946
50 Church St. New York
8,656,050 See text See text Oct 1 1914 2% Grand Central Term,N Y
1.343.950 See text See text Oct 1 1914 2%
do
do
12.000,000
do
do
334 g M & N May 12000
10.000.000
5
Q-J Oct 1 1914 134 Del Lack & WestermN Y
do
12.000.000
6
do
J & J Jan 1 1921
do
5.000.000
F & A Aug 1 1923
5
do
do
5.000.000
4
M & N May 1 1923
do

38 1891
1.000 2.500.000 4 g do 5 M do S Sept 1 4941
Liberty Nat Bank, N I'
_
_
100 180.017.000 See text Q-M 30 Sept30'13 134% Co's office, New Haven
___ '9Y-151
1,000 10.000,000 314 & 4 M & S MO 1 1947
Lincoln Nat Bank, N ir
500 40 10.000.000
1904
334 A & 0 Apr 1 1954
Second Nat Bank. N H
1,000 15.000,000
-__ 1905
4
J .4 J July 1 1955
Lincoln Nat Bank. N Y
100 dos 9.765 450
--. 1906
Second Nat Bank. N H
334 J & J Jan 1 1956
_ _ 1906
15.000.000
4
M & N May 1 1956
Lincoln Nat Bank, N Y
5130frsdoc 27.985.000
4
A & 0 Apr 1 1922
Paris. London. 40
-- 1908 $100 &c 39.029.000
6 g J & J15 Jan 15 1948
Second Nat Bk,New Hay
1,000 19.927.000
1914
5
M & N May 1 1915
New York or Boston
See text
___ 1914
6
1.000 1.000.000
62 1892
4 g A & 0 Apr 11942
Central Trust Co. N Y
87 1887
1.000 2.839.000
5 g M & N Nov 1 1937
Farmers' I, do Tr Co, NY
1.000 17.500.000 4 g & 5 g J do J July 1 1945
363 1895
Safe Dep & Tr Co, Boston
,rmir. r•ftIngs• ves. fro n nod
A
R.
ri A ..•• 1 1 f1011
d
1.000 1.5fin flan
Mg°
--1907

for from the proceeds of bonds. Not more than one-third of the amount
of bonds can be used in the acquisition of bonds or stocks of °tries companies. After $500,000,000 of bonds shall have been issued, no additional
bonds can be issued without the vote of stockholders. Each issue of bonds
must receive approval of RR commissions and P. S. Commissions.
In Feb. 1914 authority was given to issue 370.000.000 ref. and impt.
series A or B 430,redeemable at 110 on any interest day on 3 mos. notice,
to retire the $30.000,000 bonds which matured March 1 1914 and $39,662.in 1914, of which $40.000,000 was
000 additional one-year notes falling due
taken on the remaining 330,000.000.
sold in April 1914, an option being
p. 1052, 1131.
V. 98. p 611, 690, 1245, 1.393; V. 99. Road
Owned-Further Security
Lien Foliows Consolidation Mortgage onnext toNow
the lien of the Consolidation
The Ref. & lmpt. M is (1) a lien
&c.,covered by that mtge. (2) A first
Mtge.(see above)on the propertles,Extension.
Geneva Corning& Southern.
Creek
lien on the leases of the Beech
Valley railroads, subject to the outstandNew Jersey Junction and Wallkill
first collateral lien on $500,000 2d Mtge. bonds
ing bonds of each. (3) A 53.964.000
Consol. Mtge. 45 of the Beech Creek
of Beech Creek RR. and
onExtension RR. companies. (4) A first lien
Corn. Stk. Pref.Iss'd. Com.Iss'd.
Stk.
Pref.
in
owned
Stock
$5,063.550
350)$1,112,250
$1.343,950 38,656,050
N. Y.& Harlem RR.(par
10,000,000
10,000,000
West Shore RR
5.329.000
5,329.000
-RR__
Extension
Creek
Beech
1,820.800 5.000,000 2,325,000
e,bGeneva Corning & Sou. RR-- ocion
100,000
100,000
.
- .New Jersey Junction
.... out of $50,000,000 of Lake Shore
RR--$45.289
_The N. Y. Cent. owns
stock, and that stock is pledged as security for $90,578400 of New York
Central 314% Lake Shore collateral bonds. The equity in this Lake Shore
stock Is pledged under the Refunding & Improvement Mortgage.
Bonds Issued or Issuable.for Retirement of which $297,211.400 Refunding and
Improvement Mortgage Bonds are Reserved.
1st M. of 1897. due 11197 [the company reserves the right to
3100.000.000
issue the remaining $6,000,0001
167,102,400
Consolidation Mtge. (see above) dated 1913. due 1998
17 underlying divisional bond issues shown in table top of page 29,509,000
N. Y. Central 3600.000 4% bonds due 1959 (of an authorized
issue of 310,900.000),secured by mortgage executed in 1909
600,000
by Geneva Corning & Southern RR
OLD BONDS.-Ffrst mortgage is for 3100,000,000. A supplemental
mortgage made in 1913 extended the lien of the mortgage over the 1,019
miles of lines(Rome Watertown & Ogdensburg,&c.) merged in 1913. V.77.
p. 452; V 86, p. 1043. 1101: V. 88. p. 506; V. 94. p. 208; V. 96. p. 1424
Collateral trust 3 14s of 1898 are secured by deposit of stock of the Lake
Shore & Michigan Southern and Michigan Central Rils, at the rate of $100
or L S. de M S. stock for each $200 of bonds and $100 of Mich. Cent. stock
for each $115 of bonds. V.96, p. 1424: V.66. p. 288. 336. 760. 811.
The underlying bonds and debenture issues are limited by the new mortgages above described to the amounts outstanding in 1913, excel: that, as
above stated, the final $6.000,000 of the 3100.000.000 1st M.
.3 a of 1897
can be sold if desired. The collateral trust issues of 1898 and t e debentures of 1904 and 1912 (V. 94. p. 208) are secured by the new consolidated
mortgages as above shown. As to bonds secured on Geneva Corning &
Southern, see preceding paragraph and V. 88, p. 1128: V. 89. p. 287.
As to other equip. trusts of 1909 to 1912.see"N.Y.Central Lines" below.
In Oct. 1912 made an equipment trust for $7,500,000 to provide equipment for the Boston & Albany. V. 95, p. 1040. 1332. 1403: V.98, p. 1072.
GUARANTIES.-The company guarantees Western Transit Co. 334s
for 31.000.000 due Feb. 1923; $2.500,000 Clearfield Bituminous Coal Corporation 434s, West Shore RR. 4s. dm. V. 93, p. 45. 164.
GENERAL.-Tn 1902-03 control of the Reading Co. was acquired by
Baltimore & Ohio and Lake Shore. V. 76, p. 101; V. 78, p. 48.
In 11102-03 contrui of the Reading Co. was acquired by Bait. & Ohio
V 76. 13 101: V.78. p 48
and Lake Shore
In Nov. 1913 312.000,000 and in Jan. 1914 somewhat less than $30.000,000 5% 1-year gold notes were sold to refund old notes and in Sept. 1914
35.000.000. V. 96, p. 1089. 1229. 1298; V. 97. p. 729, 1287; V. 98,p. 236;
V. 99. p. 748. 970.
In Oct. 1914 sold 320.000.000 each of 6 mos. and one-year 5% notes to
meet the company's requirements well into 1915. The first maturity to
be met is $12,000,000 one-year notes due Nov.5 1914. V. 99. P. 970, 1052.
In July 1912 the Oregon Short Line (Union Pacific system) owned
317.857.125 N Y. Central stock. V. 84. p. 52, 671; V. 89. p. 411.
The New York State Railways Co. (see "Electric Railway Section") is
the company's trolley ally, owning or controlling some 634 miles of electric
railway In N. Y. State (compare V. 87. p. 544; report, V.96. p.483: V. 94,
D. 768)
In July 1910 an initial dividend of 134% was paid on the N. Y
State live. corn. stk. and 1 34% on Mohawk Val. Co. stock. V. 90. p. 1296
Gross, $62.686.704; net, 314.679.504
-8 MOS., 11914
EARNINGS.
11913
Gross. 61.181,758: net. 16.087.769
Jan. 1 to Aug. 31.
ANNUAL REPORTS.-Report for year ending Dec. 31 1913 was given
1077.
See
alis9
oled
3.itorial. P. 1030.
1065.
p.
at length in V. 98.
1911.
4912.
Year ending Dec. 313.753
operated
Miles
$116,904.3043109,697,5883103,954.863
Railroad revenues
322.670.525 522.997.780 323,128.377
Operating Income (after taxes)
16.668.228 17.880.142 16.236.180
Other income
$39438.753 340.877.922 $39.364,557
Gross corporate income
38.518.857 310.055.192 $10.036.832
Rentals of leased lines
14.024,150 11.902,155 10.323.809
Interest on bonds,&c
2,373.970
3,000.579
1,894.045
Hire of equipment,incl. interest
1,178,218
2.037,303
1,805,422
Other rents and miscellaneous
11,243.021 11,136.465 11.136.465
Dividends (5%)
32.000,537 32,746,228 $4.167.984
Balance, surplus
Pres. A. H. Smith; Chairman, Chauncey M. Depew: Vice-Presidents, John Carstensen. Chas. F. Daly. Ira A. Place, Wm.K. Vanderbilt
jr,, A. T. Hardin and Howard M. Biscoe; Treas., E. L. Rossiter•
'
Sec.. Dwight W. Pardee. Directors (April 1914). Wm. K. Vanderbilt,
F. W. Vanderbilt, 0. M. Depew, Harold S. Vanderbilt, William
Rockefeller, William H. Newman, Marvin Hughltt, A. H. Smith. Geo. F.




Amount
Outstanding

93

Baker, Jas. Stillman, W. K. Vanderbilt Jr., Harold S. Vanderbilt, Ogden
Mills and Robert S. Lovett.-(V. 99, 1). 1131, 1215.)
NEW YORK CENTRAL LINES.-The N. Y. Central Lines equip.
trusts cover engines,Jassenger cars and freight cars used by various lines
of the system which ointly and severally agree to pay prin. and int- the
larger part being for .Y. Central and Lake Shore.-(V.98, p. 387. 1845.)
NEW YORK CHICAGO & ST. LOUIS RR.-(S68 Map of New York
Central & Hudson River.)-Owns from
Buffalo. N. Y., to Illinois State Line.
-seem R m. leased bet. Dunkirk and Silver
Creek, leaving 494 m.:leases the
proprietary line, Chic. & State Line RR.. III. State line to Grand Crossing.
10 m.; also leases Dunkirk to Silver Creek. 8 na.: total, 512 m.: trackage in
Buffalo. N. Y., 1 % m.. and Or. Crossing, Chic., Ill. (Lake Sh. RR.). 9 m.
STOCK.-Lake Shore & Michigan Southern owns 36.240.000 common.
$6.275.000 2d preferred and 22.503,000 1st preferred stock. After 5%
dividends on the $14,000.000 common stock, all classes of stock share alike.
DIV8.(since'06). 1907. 1908. 1909. 1910. 1911. 1912. 1913. 1914.
First preferred_
5 yearly
Mar.,234Second preferred_ 4 -5% yearly (234% s• a.)
Mar..234
Common
-None---- -3% yearly Mar.-4- None
In Sept. 1914 the semi-annual dividends on the 1st and 2d pref. stocks
were omitted. V.99,p. 538.
BONDS.-First mtge. abstract. V. 45. p. 541. The debenture 4s will
be secured by any new mtge. V.82. p.693: V.86.p. 1344; V.88. p. 1062.
On Feb.8 1910 made 4% 5-year equipment agreement. V.90. p. 772.
EARNINGS.-8 mos.. 11914
Gross, $7,450,674; net. $1.089,804
Jan. 1 to Aug. 31.
11913
Gross. 8,138,558; net. 1,560.765
REPORT.-Report for 1913 was in V.98, p. 1528. Principally a freight
line, freight in 1913 contributing $10,340,596 out of $12,342,000.
Year ending Dec. 311913.
1912.
1911.
Railroad revenues
$12.342,000 512.226,237 $11.258,008
Operating income
$2,215.245 $3.114.139 32.850.085
Other income
224.943
219.192
149.834
Gross corporate income
$2,440,188 33.333.331 32,999.919
Interest on bonds
$1,154,868 31,158.841 $1,161,893
Hire of equipment, other rents, &c_.
457,746
392.630
322.957
Div. on 1st and 2d Pref.(5%)
800,000
800,000
800.000
Div, on common stock
(4%)560.000 (3)420.000
$421,860
Balance, surplus_
$27,574
$295,068
President, Wm.H. Canniff.-(V. 98,13. 1528 V. 99,13. 538.)
NEW YORK CONNECTING RR.-To own a new route for the interchange of passenger and freight between the Pennsylvania and New York
New Haven & Hartford RR., which own the entire $3,000,000 stook.
Expected to be completed in summer of 1916. V. 98, p. 696. Road
will be about nine miles long, extending from connections with the Long
Island RR.and the East River tunnel of the Penn. RR.near L. I. City, via
Its own bridge at Randall's Island, to Port Morris, N.Y.(V.97. P. 1504.)
To be operated by the N. Y. N. H. & H. RR.and results shared with the
Penn. RR. In proportion to respective earnings on freight Interchanged.
Or the 1st M. gold 4.34s ($30.000,000 auth. issue). 516.000,000 have been
sold, guaranteed, principal and int., jointly and severally by the Pennsylvania RR. and N. Y. New Haven & Hartford RR.-(V. 97,n. 1504. 1427;
V. 98.0. 1072, 1245. 1316; V.94. p. 706; V.95, p. 968.-(V. 98, p. 1993.)
NEW YORK & GREENWOOD LAKE RY.-(See Map of Erie RR.)Owns from Croxton Jct., N. J., to Sterling Forest. 42 m., and branches to
Ringwood, doc., 8 m.; Watchung Ry., Forest Hill to Orange, N. J., 4 m ;
total owned, 54 m. Stook, 2100.000; 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 & HARLEM RR.-(See N. Y. Cent. & Hud. Rio. RR.)Owns steam road N. Y. City to Chatham. N. Y., 136 m. Also owns street
railroad on Fourth & Madison avenues, N.Y.City, 10m. Mcets V.95, p.47,
The N. Y. Central & Hudson River RR. had on Dec. 31 1913 acquired
$6,195,800 of the $10,000,000 stock at 3507
0 (or $175 per share). V. 94
p. 208. 768: V. 93. p. 1788. 1600, 1696: V. 94. p. 1057: V. 98, p. 1157.
The steam road (since partly electrified) was leased April 1 1873 for 401
years to the N. Y.Cent. & Hudson R. RR.Co.for interest on the bonds and
dividends of 8% (thia being increased to 10% by a supplementary
agreement) per annum, payable J. & J. on the entire capital stock.
The street railway was leased July 1 1896 for 999 years to the Metropolitan St. Ry.(now N. Y. Railways Co.) at 3350.000 for the
5 years
and $400,000 annual rental thereafter: this is distributed as a first
div. on the
stock, payable 2% in April and 2% in Oct. V.94,p.124.-(V.98,
p.1609.)
NEW YORK LACKAWANNA & WESTERN RY.-Binghamton to Buffalo and Internat. Bridge and branches, 214 m., of which the main line, 213
m., Is double track; 13. L: & W. has a lease for duration of charter from Oct
1882. giving a guaranty of the bonds and 5% yearly on the stook. See form
of guaranty of terminal bonds in V. 67. P. 1357: see also V. 68, P. 283.
NEW YORK & LONG BRANCH RR.-Perth Amboy to Bay Head, N.J.,
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. n. p. 438.1
NEW YORK NEW HAVEN & HARTFORD RR.-Covers Southern New
England and the only direct routes between New York and Boston.
Lifted owned nFeeMiles.
Leased (part owned)Miles.
Woodlawn Jct. N. Y.. to ProvlOld Colony RR.(which see)--- 532
deuce. R. I
173
Lines LeasedBoston, Mass.. to Hopewell Jct..
Providence and Worcester
N.Y
213 Norw. & Worcester (which see) 111
New Haven. Conn.. to SpringOther lines
120 Track to New York City, &c. 107
llis
Lin
fies
eld'toMa
ttsfield, Litchfield,
(V.88.P.53)
51
687
T
Sp
or
ttg op
fieelra
d te
&
deJuly 1914 (129 m.has four and 841 m.two tracks)-2,003

94

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL.xclx.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

New York New Haven & Hartford (Concluded)
Second Nat Bk,New Hay
M & N May 1 1918
5
14 1888
$575,000
51,000
New Haven & Derby consolidated mortgage _zee
Lincoln Nat Bank. /31 I'
750,000
2. 1892
5 g J & J July 1 1922
1,000
Providence & Springfield 1st M gold assumed __zee
Second Nat Bk,N Haven
1920
1
July
.1
3' 1880
500,000 5 & 6 J &
1,000
Danbury & Norwalk cons M (5100.000 are 65) _ze•
do
do
A & 0 Apr 1 1925
5
150.000
36 1883
1.000
Gen mtge Danbury. Conn, to Wilson Pt, &c_ze•
do
do
36 1905
4 g J & D June 1 1955
350.000
First rat mtge. V 82, p 210) gold assumed_xe&r
Lincoln Nat Bank, N Y
4 g 61 & N May 1 1954
15.1)00,000
1 1904 1,(1410&c
Harlem R & Port 1st At gold $15.000.000-Us.xce&r
New York or Boston
M & N May 1 1915
5
1,000 10.000,000
1914
Notes guar red 1003i
Second Nat Bk,N Haven
M & N May 1 1954
61 1604 1,000&e 2.500.000
4g
Naugatuck first mortgage gold assumed _____ ace &r
do
do
334 A & 0 Oct 1 1930
- - - -- -- --z
234.000
Debentures __ _ --..-.--------- -- 1902
do
do
_ ._ 1905
4 g F & A Aug 1 1955
1,000 3.777,000
Boston & NY Air Line 1st 3455.000.000(assum) _or
do
do
1956
1
June
,T & D
4
2.400.000
___ 1906
N H & Northampton ref 34510.000,000 guar p & Lx
do
do
M & S Mch 1 1956
- -- 1906 1,000 &c 4.000,000
4g
Providence Term 1st 3.1 57.500,000 g assum _xo•&r
debentures
_
_
By
-text
-See
-______
-- -- -- -- -- ------ -- -- -- ---- -----------Consolidated
___ _
Boston RR Holding Co pref stock guaranteed__
Rio See text
EqUit:,..:61e-72-ricsibO:NY
___ 1967
M & N May 1 1957
4g
1,000 19,927,000
Prov Sec Co deb 519.911.000 g gu red 105 beg'17.xce
_ __ __ __
J & J July 1914. 2% -_- -- ------ -- -- -- -- -- -4
100 4.000,000
New Eng I & S pf stk 4% cum 510,000.000 red 105_x
New York & London
_ __ 1911 $ & £
N Y Wes & Bos 1st M 560,000.000 g red 110(I ace &r•
414 g J & J July 1 1946
21,200.000
- - -__ ___ __ Apr 1 1924
5.000,000 --- _ -15-year funding gold notes guar prin & int-------1909
__
_
5 -jJuly 1914. 27-,------- -- -- -- ---- -4
Springfield By 4% cum pref stock red 105 guar..__
100 3,387.950
Equitable Trust Co. N Y
_ _. 1901
Conn By & Ltg 1st & ref M 515.000.000 g s LEci.xe•
434 g J & J Jan 1 1951
1.000 12.551.000
-- -- -------- -- -------•
_ -. Var
7.188.0004. 434, 5 Various 1914 to 1956
Bonds of electric roads merged (12.536.000 are 5s)
---- -- -- ------ -- -- -•
_- Var
2.171.000 4 & 5 Various 1917 to 1958
Other bds of elec rds leased or contr(see "EillySec")
4 g 11 &M 13 Nov 13 1955
_ -_ 1905
3.600.000
New England Navigation Co debentures gold _ - -_x
do
do
I & J Jan 1 1955
4
075.000
-------- _
do
OB
M & N May 1 1917
1914
Notes secured by coil red 10134
6
1,000 20,000,000
------ -- -- -- -- -- -- -- -Equipment notes duo part yearly
1915-1929
F
5
---------------2.490.000
_ __ Var
9,200,000 414 & 5 Various 1916 to 1934
Bonds of steamship, &c. companies controlled_ -___
Bonds of Leading Proprietary. &c, Lines
Treasurer. N Haven.Con
Holyoke & Westfield 1st M (V 92. p 322. 795) gu-c•
1.000
10 1911
434 A & 0 Apr 1 1951
196.000
Old Colony-See that company
R I Hosp & Tr Co. Prov
A & 0 Oct 1 1947
Providence & Worcester first mortgage currency_ __
51 1897
4
1.000 1,500.000
New York 5c Northern-See NY Cent & II R RR.
New York Ontario & ‘Vestern-Common stock -------------100 58.113,982 See text See text Aug 4 1913,2% Checks mailed
Office, Gr Cent Ter. N 'V
Refunding (first) mtge $20,000,000 gold ..13aocc•&r Text 1
4g
1,000 &c 20.000.000
M & S June 1 1992
do
do
_ -- 1905
Gen M $12,000,000 gold red 110 (see text) __Nxce&r
4 g J & D June 1 1955
1,000 8.630,000
1900
Gold notes sec 1st M E 11 C & I due $200,000 a-a-gee
_
1.000
5 g J & D Dec '14-Dec'15 Guaranty Trust Co. N I'
600.000
Raz
Equip notes due 536.000 s-a (V 90. p 977)
_ _ 1910
1,000
396,000
434 A & 0 To April 1 1920 Bankers Trust Co. N Y
do
do
Equip notes due 535,000 s-a(V 92. p 660)-- Baz
_ _ 1911
1,000
105,000
43.4 If & S To Mch 1916
do
do
do Ser C $30.000 s-a (V 96,p 420 Baz
do
___ 1913
810.000
434 M & S To Mch 1928
1.000
New York & Ottawa-See N Y Central & II R RR.
NEW YORK NEW HAVEN & HARTFORD (Concluded)
The New York division to New Haven, Conn., 73 miles, was placed in
partial operation July 10 1914. but authorized to be increased in St31)t. 1914
to a 70% basis. V. 94. p. 68, 1384: V. 96. p. 63; V. 97. p. 237; V• 98, 13.
1239; V. 99. p. 49. 343. 817. Boston & Providence division. 44 miles, is
to be electrified and four-tracked. V. 95. p. 23.
In Oct. 1904 529,160.000 or the 558.118.982 N. Y. Ont. & West. corn.
took was acquired at 445 per $100 share and $2,200 of the 54.000 Pref.
V.95, p. 481: V. 79. p. 2086. 2642: V.80. p. 1363; V. 95, p. 1427.
On May 9 1912 permission was obtained to purchase from the New York
Central the remaining one-half (12,352.052) of Its majority holding of
54.704,100 pref. stock of the Rutland RR.. the other one-half having been
acquired by the New Haven road in Feb. 1911, but suit to restrain purchase
is pending. V.93. p. 1600. 1788: V.94. p. 1317; V.95. p. 1608.
Owns greater part of stock of Central New England Ry.(which see) and
guarantees $12.012.000 gen. 4s. V. 92. n. 1179, 1375, 1436: V. 93. p. 868.
Penn. RR.on Dec. 31 1913 owned 15,312,500 stock and Now York Cent.
& H. R. RR. Co.. 11.545,600. V. 90. p. 1425.
Owns practically all the stock of the N. Y. Westchester & Boston, 177th
St.. N. Y. C.. and Mt. Vernon. &c.; total trackage, 74.57 mlles. of which
50.57 held in fee and 24 m. under perpetual trackage rights. See bond offering. &c.. V. 93. p. 346. 866: V.94, p. 1508. 1627: V.95, p.48, 298. 964.
1010, 1208, 1746. See also "Electric Railway Section" and V. 99, p. 1209.
Segregation.-The stockholders on April 21 1914 approved an agreement
which had been reached with the Government for a surrender to independent control of certain parts of the system so as to prevent a suit under
the anti-trust law as follows: (1) The Boston RR. Holding Co.stock owning 52% of the stock of the Boston & Maine RR, will be transferred to
5 trustees, viz.: Marcus P. Knowlton and James L. Doherty of Springfield,
Mass.; James L. Richards and Charles P. Hall of Boston. and Frank P.
Carpenter of Manchester. N. H., and, after arrangements have been made
to protect the minority stock of the holding company, they shall sell the
Boston & Maine stock prior to Jan. 1 1917. Under the modification agreed
to in Aug. 1914. if satisfactory terms are arranged with the Massachusetts
Legislature by July 1915 in regard to the sale of the B. & M.stock, the plan
is to be approved by the Court; otherwise the latter is to fix the terms.
(2) The stocks of the companies which control the Connecticut and
Rhode Island trolleys will be placed in the hands of trustees-5 for each
State-and shall be sold within 5 years from July 1 1914.
(3) The majority stock of the Merchants' & Miners' Transportation Co.
held by the New Haven RR., which has been sold. V. 98, p. 1320. 1396.
(4) The minority stock of the Eastern Steamship Corporation, held by
the New Haven RR., shall be sold within 3 years from July 1 1914, and in
the meantime shall be deprived of voting power.
(5) Whether the New haven RR,shall be permitted to retain the Sound
lines will be submitted to the Inter-State Commerce Commission for determination under the provisions of the Panama Canal Act.
(6) The Berkshire trolleys shall be sold within 5 years from July 1 1914.
(7) The stocks of companies owning or controlling street railways within
the State of New York snail be sold within 5 years from July 11914. V.98.
p. 1000, 1072, 1157, 1239, 1245: V. 99. p. 467. 270, 198, 120, 1131. 1221.•
(8) The decree embodying the foregoing, entered Oct. 17 1914 in the U.S.
Dist. Court for the Southern District of N. V. provides that upon application of the New Haven RR. or the trustees and for good cause shown, the
time within which any of the above-mentioned stocks shall be sold may be
extended by the Court.
Report of Inter-State Commerce Commission July 1914, V. 99. p. 270.
Restitution suits by stockholders against former directors, V. 99. p. 198.
270, 407. 538. Billard suit, V. 99. p. 1052. Grand jury investigation.
V. 99. p. 1052.
In 1906 acquired control of Hartford & New York Trans. Co. and in 1907
one-half of the stock of the Merchants' & Miners' Transportation Co. V.83,
P. 890; V 84. p. 221. 271, 391, 571. 626. 749: V. 85. p. 8.58: V. 86.
p. 721; V. 88, p. 1002; V. 90, p. 1242. 1494.
Trackage plan of 1911 as to Boston & Albany terminated Jan. 311914.
V.98, p. 156; V.92. p. 882. 1179; V. 93. p. 105.887; V.94. p. 834; V.95,P.
964.
STOCK -Authorized issue unlimited. Issued June 30 1914. $180.017.600. There was held in treasury June 30 1914 $22,899.100 stock.
Stockholders and convertible debenture holders subscribed in 1909 for
$44.645,400 stock at 125. V.89. p. 1142. 1223: V.90. p. 1045; V. 91, p. 941.
Also increased by conversion of $20.234.550 334s of OM. In Aug. 1913
the authorized stock was increased by 567,552,400 to provide for conversion
at par of new issue of 6% convertible bonds. See below.
DIVIDENDS.- 11873-1893. 1894. 1895 to Mar.'13. June ,t Sept.'13.
8(2% quar.).
10 yearly.
9
134% quar.
Per cent
In June 1913 the dividend was reduced from 2% to 134% quar. and in
Dec. 1913 omitted. None since paid. V. 97. p. 1733.
BONDS.-Harlem River & Portehester Div. 4s 01 1904, V. 85. p. 1143.
The 33.4% ooupon debenture certfs. dated 1909, due Jan. 119.16, are convertible at par of $150 for $100 stock between Jan. 1 1911 and Jan. 1 1916,
and have been so reduced from $30.000.000 to amount shown at top of
page. 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
with 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. 98. 819.
n• 929. 629. 693. 1213, 1323: V. 83.are
convertible into stock after Jan. 15
The $39,029.900 6% debentures
1923 at par, and 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.
On April 30 1914 $50,000,000 notes were old, viz.: $20,000,000 New
England Navigation Co. 3-year Os and $20,000,000 one-year 5s, both secured by collateral--see list, V. 98. p. 1393-and $10,000,000 Harlem




River & Portchester RR. one-year 5s. not secured by collateral, but endorsed by the N. Y. N. H. & II. The bankers have agreed to take during
the next six months $10,000,000 additional N. Y. N. H. & H. 6% notes.
Collateral on N. Y. N. H. & H. notes may be replaced by other of equal
value. The proceeds will be used to pay off the principal and Interest of
notes due May 18. Juno 26, July 12. 14 and 26. aggregating about $54.
000,000. and the remainder for such improvements as are absolutely essen
tial for safety, economy and efficiency. V. 98, p. 1393, 1460, 1538. 1537;
V. 99. p. 49.
The development of the adjacent surplus real estate not used for the
a
Grand Central Terminal, N. Y., will be eventually financed through
separate company, whose capital stock will be equally owned and obligaP. 964.
tions guaranteed by N.Y. N. if. dc H. and N.Y. Central. V. 05.covering
In March 1914 sold $2,490,000 5% equipment notes due serially.
new steel passenger cars and electric equipment. V. 98, P. 913.
Under lease "assumed" debt or Old Colony RR., which sec.
Outstanding Street fly. Debentures Assumed as of July 1913 Maturity,
Barth St. 4%....$165,000 Jan. 1 '30 Consol. By. (concluded)4% 1905_ _x$1.340,000 Apr. 1 '55
Cense!. By.(see Elec. ity.See.)4% 1906_x 2.011.000 Jan 1 1956
4% 1904x_34.255.0(0 July 1 '54
4% 1905x__$2,309,000 Jan. 1 55I 3-334-4% '05x 972.000 Feb. 1 '30
EARNINGS.-For
0 n2 months ending Aug. 81:
Balance.
Charges.
Other Inc.
2 Slog.Net.
1914
511.512,542 53.193,865 3519.c57 $2,988,1,30 $744,892
810,225
2,993,310
1913477.714
12,012,222
3,355,852
ANNUAL REPORT.-Report for 1913-14 In V. 99. p. 1125. 1203, 1219.
Special report by Chairman Elliott April 1914, V. 98. p. 1239.
Year ending June 30-1913.
1914.
Miles operated
2.092
2.046
1
2'095
Passenger earnings
$27.400.673 527.896.300 126,816..43
Freight earnings
32,476,373 34.071,975 32.130.892
M Iscellaneous
5.985,738
6.645.228
6,740.647
Gross earnings
Net earnings
Not outside operations
Dividends and interest received
Other income, rents. Ste

$66,617,693 868,613,503 164.933,065
518,102,343 521.386,164 $22,829.047
1,388,155
645,447
85.480
6.782.306
6,728.860
3.795,004
3.520,802
3.334,924
3.452.986

$25,435,813 332,095,395 834.520,310
Total net income
$11.839,722 511.029,128 310.478.744
Interest on bonds. &c
4,474,347
4.545,793
4.658.542
Rentals of leased lines
3,719,548
3,714.755
3,568,219
Taxes_
2,349.421
3,629.639
Other rents and guaranteed dividends 4,762,258
253,898
112.699
338,408
Miscellaneous
(134 %)2,356.768)(73i) 13.486,563(8)14315,540
Dividends
def.$2,088,106def.$4.564.325 def.$929,989
Balance
Combined earnings of system. excepting N. Y. Ontario de Western, Boston
& Maine and Maine Central for year ending June 30 1913 were: Gross.
$95,190,466: net, after taxes, $25,074,326; other income. $4,979,409; int..
rentals, &c., $22.394.338; dividends. 311.787,030; bal., def.. $4.121.633.
OFFICERS.-Pres., Howard Elliott, New Haven; Sec., Arthur E.
Clark; Treas., Augustus S. May, New Haven, Conn.
Directors.-Howard Elliott (Chairman), Boston; John T. Pratt and
J. Horace Harding, New York; D. Newton Barney, Farmington, Conn.;
R. W. Taft, Providence; W. Murray Crane, Dalton, Mass.; James L.
Richards, Boston, Mass.; Samuel Rea, T. Do Witt Cuyler, Philadelphia,
Pa.; James H. Hustis, Arthur T. Hadley, James S. Hemingway, Fredk. F.
Brewster, A. Heaton Robertson, Augustus S. May. Arthur E. Clark. New
Haven; Henry K. Mcflarg, Stamford, Conn.; Francis T. Maxwell. Rockville, Conn.: Edward Milligan. Hartford. Conn.-(V. 99, p. 313, 407, 467.
538, 604, 675, 817, 887, 970. 1052, 1125, 1131, 1208, 1215, 1219.)
NEW YORK ONTARIO & WESTERN RY.-Operates from Weehawken.
Opposite N. Y. City, to ostvego, on Lake Ont trlo, In all 568 miles, viz.:
Miles.
Road Controlled, etc.Miles.
Road Owned-.272 Pecksport, Conn. (leased)-------4
Oswego to Cornwall. N.
22 Ontario Carb. & S. (leased) CaBranch to NPW Berlin
dosia, N Y., to Scranton, Pa •13
17
to Delhi.
rlo
8 Rome & C inton (leased)
to EllenvIlle
do
-Utica Clinton & Bing. (leased) __•31
7
319 Wharton Valley (owned) --- -Total owned
Kingston (leased) _- 27
Ellenville
Trackage(till 2079) W.Shore RR.
Summitville
&
Mont.
Jervis
Port
55
W'ken
(V.61.p.425).
C'nwall to
38
(owned and leased) -------• See this company.
CONTROL.-In Oct. 1904 N. Y. N. H. de H. RR. acatared $20,160,000
481:
corn, stock at $45 per share and 52,200 of the $4,000 pref. V. 95, 1:.•1427.
V.79. p. 2086. 2643: V. 80, p. 1363. 2458; V. 81. p. 1044: V. 97. p.
STOCK.-There Is $4.000 old preferred. V. 79. p. 977. 280. 1332.
DIVIDENDS.-On common stock,1005. 4 34% • 1908 to 1911.2% each;
1912, none; 1913. 2%; 1914, none. V. 98, p. 1993.
BONDS. &C.-Refunding mtge. for $20,000,000 covers 319 miles of road
all
owned, all the securities of the Ont. Carb. & Scran. fly,, 54 miles, and Of
atter-acquired property. V 72, p. 87; V. 78, p 2012; V. 80. p. 651.1913
Feb.
in
and
issued
were
$6.650.000
the 512,000.000 gen. M.4s of 1904
permission given to issue 31.980.000 additional. V. 79. p. 1332, 1462:
V.92, p. 462: V. 94. p. 1508; V. 96, p. 420, 653.
Early In the calendar year 1899 the coal properties at Scranton. Pa.. of the
Lack. Iron & Steel Co. (the capacity of the collieries then open being about
700,000 tons per annum) were purchased by the Scranton Coal Co.. aided
by loans from the N. Y. 0. &.the latter issuing its 42.500.0005% notes
(final installment paid Feb. 1911). and leaning $1,475,000 (of which
5305.000 has been repaid), the 0. & W. obtalhing contract for entire tonV 68. o. 41. 429: V. 69, n. 604. 648; V. 81, p. 1792
nage
In Nov. 1900 eight independent anthracite properties with a maximum
output of 2,000.000 tons annually were merged as the Elk Hill Coal & Iron

OCT., 1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, itc., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

95
Last Dividend Plates Where Interest and
and Maturity
Dividends are Payable

New York Philo & Norfolk-Stock,$4,000,000350 $2.500,000 12 in '13 J & D May 19 '14,6% Checks mailed
4 g J & J Jan 1 1939
1,000 2.600.000
112 1899
First mtge $3,000,000 g (V 68, p 773. 978) --FP.xc•
Broad Street Station
I/ & N Jan 1 1939
4
1,000 1,000.000
112 1899
Income mtge g non-cum reels (V 68. p 978) _ __ FPx
Checks mailed (see text)
New York & Putnam-See New York Central & Hudson River RR.
5 g M & S Sept 1 1927
984,000
1,000
12 1887
U S Mtge & Tr Co, N Y
N V & Rockaway Beach-1st M $1,000,000 g gu_Ce.c*
980.000 Up to 5 --------Sept 1 1927
1.000
12 1887
Second mtge income bonds non-cumulative ___Ce.zr
4 g F & A Feb 1 1957
1.000 1,500.000
934 1907
Reading Terminal. Phi's'
NY Short Line-1st lff $1,500.000 g gu p & I.Pell_kve•
5 g A & o Apr 1 1940
500 &c 3,488,500
72 1880
Office, 50 Church Street
N V Sus fc West-Midland RR 1st Mg ext '10_Ce.xc•
5 g J & D June 1 1950
200,000
1.000
1 1881
do
do
Paterson Eaten RR 1st M ext in 1910 at 5% e f g-X0.
5 g J & J Jan 1 1937
1.000 3,745.000
do
127 1887
do
New York Susq & Western first M ref g----Ce.ze•
1.000
447.000
do
444 g F & A Feb 1 1937
127 1887
do
Second M ($1,000.000 gold) 3d Mon 72 m_Ce.zc•
1.000 2.552,000
127 1890
do
5 g F & A Aug 1 1940
do
General mortgage for $3,000.000 gold._ „Ce.ze•
5 g Ai & N May 1 1943
_ __ 1893 1.000 &c 2.000.000
do
do
Terminal first mtge for $2.000,000 gold- --Usx.c•&r
5 g J & D June 1 1942
1,000 3.000.000
65 1892
do
do
Wilkes-II & En 1st M g gu p &I(V 60. p481)_(1.ze•
560.000
1,000
- -- 1911
444 F & A To Aug 1 1921 Commercial Tr Co, Philo
Equipment notes series A due 840,000 semi-ann___x
Allied CompaniesOffice,50 Church St. N Y
1 de 1) Dec 1 1940
5
70.000
3 1885
500
Passaic & N Y 1st M (999 years rental) ext 1910..x
5
44,000
1.000
2 1896
J & D Dec 1 1916
do
do
Macopin RR first mtge (branch to Macopin Lake)_z
If & N Nov 1 1933
6
_ __ 1893
450.000
500
V 84, p 342: V 94, p 1701
N Y & Wilkes-Barre Coal Co first mortgage__ __ __N
Harrisburg is San Anton lo
New York Texas & Mexico-See Galveston ____
......
6
50 1,610,000
A de o Oct 1 1914. 3% 90 West St. New York
Newark & Bloomfield-Stock,6% rental_
Newport & Cincinnati Bridge-See Louisville is Nash ville
115,000
500 &c
15 1911
6 g J & J To Jan 1925
Chicago, /11
Nezperce & Idaho--lst M red part yearly 105_CCoce
1,000
5 g F & A Aug 1 1922
175,000
Bankers Trust Co. NY
Niagara Junction Ry-First M $650,000 gold_Ba.xe• Text 1902
6 1898
5
250.000
1,000
F de A Feb 1 1938
Fidelity Trust Co, Phil&
Norfolk & Portsmouth Belt Line-First mtge___FPx
4.6 1905
4 g A & o Oct 1 1935
189.500
500 dee
Girard Trust Co. Philo
Eliz My 1st Mg gu p & is!red 105'since'11_01)0[0
Norfolk Sc Carolina-See Atlantic Coast Line RR
Norfolk Southern-Stock $16.000,000 authorized -----------100 16.000,000 See text Quer Jan 1 1914.4i% Checks mailed Norf office
Moore
223 1891
1.000 1,655.000
First mortgage
Al & N May 1 1941
5g
Metropol Tr Co, N Y
223 1904
825.000
1.000
First general mortgage gold redeemable at 115-0x
5 g J & J July 1 1954
Guaranty Trust Co. N I'
Suffolk & Carolina first cons mtge gold red 110 - -xc•
1.000
75 1902
5 g J & J July 1 1952
650.000
Bait
International Tr
500 &c 12.967,000
789 1911
1st is ref 11 $35,000.000 red 105 beg 1915 _Ce.xc•&r•
5g
F & A Feb 1 1961
Central Trust Co,
Co.2,
1 Y
Raleigh & Cape Fear 1st DJ g
Col.xo•
1.000
32 1903
137,000
5 g 114 & S Mch 1 1943
Columbia Trust Co. N Y
Raleigh & Southport first mort $2,000,000 ---Colx
1,000
61 1905
374.000
5 g J & D June 1 1965
Columbia Trust Co, N Y
do
do
general mortgage$200.000 _ NX
1907
1.000
--6 g A & 0 Oct 1 1917
176,000
New York Trust Co. N Y
Aberdeen & Asheboro 1st Al $164,000 g_MeBa.xc•
1.000
82 1910
164.000
5 g J & J Jan 1 1940
Mere Tr & S Dep CoBalt
Norfolk Terminal-1st M $2.000.000 g gu re-l--(1.xe•
1,000 1.000.000
--- 1911
4 g 31 & N May 1 1961
Guaranty Trust Co,'N Y

Co . the N. Y. o. & W. Issuing its $3,500,000 5% s. f, first len gold notes
NORFOLK is PORTSMOUTH BELT LINE RR.-Owns Port Norfolk to
sec tred by the Coal & Iron Co.'s 1st mtge., these notes maturing $75.000 Berkley, Va.,6.13 miles,and Southern branch extension, 6.01 m.; operated
eao w 6 mos.. beginning June! 1901. to June 1 1911, and thereafter $200,000 under lease. 1.85 miles. In Nov. 1909 acquired entire stock of Elizabeth
semi-annually to Dec. 1 1915. The notes are secured pad passu with the River RR.. whose bonds are guaranteed. V. 90, p. 1044. Stock, $50.400.
bonds issued under gen. mtge. of 1905. V. 71. p. 1270; V. 73 n. 501
all owned by Atlantic Coast Line, Norf. is West., Ches. is Ohio. N. Y. Phila.
is Norfolk, Seaboard Air Line and Norf. South. $100 shares. Bonds.
EARNINGS.-For 2 months ending Aug. 31:
Two MonthsGross.
Net.
Charges.
Bal., Sur. see table. Cal. year 1913. gross,$235,887; net,$63,741; other income,828.748;
int. on bonds, $19,920; other charges, $17,601; divs. (6%). $3,024;
1914
$1,993,291
$723,545
$253,809
$469,736
1913
2.004,974
714,130
467,024 bal., sur., $51,914.
247,106
NORFOLK SOUTHERN RR.-Operated June 30 1913 615.82 miles,
REPORT.-For 1913-14 in V. 99, p. 889. Coal traffic in 1913-14,
extending from Norfolk, Va., to Raleigh. Goldsboro and Beaufort, N. C..
4,334,358 tons (out of 6.046,222 tons), against 4,309,667 tons in 1912-13.
with branches. Of this total the company owns 511.64 miles and lease 95.
Year ending June 301913-14.
1912-13.
1911-12.
Gross earnings
$9,040.812 $9,454,349 $8,527,944 miles (from Goldsboro to Morehead City), and has trackage rights on 9.18
Not earnings over taxes
2,081,860
1.764.066 miles; 46.71 miles is equipped electrically. At Norfolk the company has
2,691,898
Total net income, including "other"_ 2,288,947
2,131,374 connection with steamship lines which furnish practically a daily service to
2,904.683
Interest on funded debt
1,256,131
1,190,786 Washington, Boston, Richmond, Baltimore, Philadelphia and New York.
1.202,926
.Miscellaneous interest and discount
13,155
50,732 Trains are operated over the Albemarle Sound trestle, giving rail connection
58,113
Rentals and hire of equipment
355,969
416,126 to all the company's lines. Owns entire capital stock and bonds of John L.
432,011
Dividends
210
210 Ropes Lumber Co. owning over 600,000 acres of timber lands and 200.000
1,162.340
acres of timber riglits. V. 87, p. 1415.
The John L. Roper Co. owns entire stock ($175.000) of Carolina RR.exBalance, surplus
$663.482
$473,519
$49.293
Chairman, Howard Elliott; Pres., John B. Kerr. Office, New York, tending from Snow Hill to Pink Hill, N. C., 35 miles,via Kinston. and to be
extended 15 miles from Pink 11111 south to Chinquapin, N. C. V.95.P.1684•
N. Y.-(V. 97, p. 882. 1427; V. 98. p. 1993; V. 99, p. 609, 889, 970.)
In July 1912 purchased stock of Raleigh Charlotte is Sou. By. which
NEW YORK & OTTAWA RY.-See N.Y.Central & Hudson River RR
early in 1912 absorbed the Aberdeen is Ash. By. Durham & Charlotte RR.
NEW YORK PHILADELPHIA & NORFOLK RR.-In Jan. 1909 all but and Raleigh & Southport By.. together operating 219 miles in the Piedmont
$7,250 of the $2.500,000 stock had accepted the offer of the Pennsylvania section of North Carolina, with 22 miles completed. The Aberdeen &
RR. to buy the stock with 4% 40-year trust cents- guar. prin,
int. by Asheboro extended from Aberdeen to Asheboro, N. C., 56 miles; Troy
Penna. RR. on basis of $3,000 certfs. for $1,000 stock (V. 90, and
977). In to Mt. Gilead, N. C. 22 m.; West End to Jackson Springs, N. C.. 4 m.:
1912 stockholders authorized increase in stock. $2,500,000, top.
$4.000,000. Candor to Ellerbe, 1144 m., and leased Carthage is Pinehurst RR.. 12 to.:
but none is to be issued at present. V. 95, p. 1332. Equipt. trust
obliga- total, 105 miles. The Durham is Charlotte RR. operated from Troy to
tions. $900,000.-(V. 95. p. 1332. 1608.)
Colon, N. C., 50 miles, and the Raleigh is Southport By. from Raleigh.
NEW YORK & PUTNAM RR.-See N.Y.Central & Hudson River RR N C.. to Fayetteville, 64 m.. Including 2 miles of trackage, and had under
construction
a branch to Sanford. 25 m. V.93. D. 1463: V.95. D. 48. ExYORK
&
ROCKAWAY
NEW
BEACH RY.-Owns Glendale Jct. to Rockaway Park, 10.67 m., with branch, 1.67 in.: total. 12.34 m.; double-track. tension from Aquadale to Charlotte. N C , 67 m • was opened in Oct
V. 97. p. 50.
Stock. $1,000,000; par. $100. Leased 50 years from July 1 1904 by Long 1913.
The Beaufort Terminal Ry. was incorporated in No. Carolina In March
Island RR. Co., which owns $972.200 stock, whose endorsement Is printed 1913
with $5,000,000 authorized stock, all to be owned, to build a line from
on 1st M. bonds. On Jan. 1 1913 $101,000 firsts were owned by L. I. RR.,
8
to
63
C
.ape Lookout. The company will also make a bond
together with $978,667 of the incomes. V. 83, p. 890. Cal. year 1913. Beaufort,
isue. V.N
98.C"
13
gross, 51,342.595; net. 5424,683; charges, $280,483; balance, surplus,
ORGANIZATION.-Successor May 5 1910 to N. is S. Railway. foreclosed
$144,200.-(V. 83, p. 890.)
Dec. 7 1909 per plan V.
thaey 19Co.10
In
78
1a
.M
Inc8
14
1r 6
o7
r .p n6V
NEW YORK SHORT LINE RR.-Owns a cut-off for the Reading Co.
STOCK AND BONDS.8-_Under
new
7.
n V.
between Cheltenham and Neshaminy Falls. 9.38 miles, opened May 1906. authorized $16.000.000
M. 55.
refunding"
stock
and
is
$12,000,000
"first
V 79, p. 1038. To be 4-tracked-2 tracks laid at present and on 2 miles
The stockholders on Feb. 28 1911 authorized a new "first and refunding"
3 tracks. Leased to Phila. & Reading Ry. for 999 years from Feb. 1 1907. mortgage to secure an
Issue of $35,000,000 bonds to replace said 512,000.000
The $250,000 stock is owned by Reading Co., which guarantees the bonds. mortgage, which was found
Insufficient for future needs. Of the new bonds.
principal and interest.-(V. 84. p. 1552: V. 87. p. 1421.)
$8.100,000 were made issuable for general corporate purposes, of which
$7,525.000 were sold; also (Feb. 1913) $5.456,000 authorized by the stockNEW YORK SUSQUEHANNA & WESTERN RR.
-(See Erie Map.)
Owned (in MO or entire stock Miles Susquehanna Connecting RR____ 8 holders in June 1912 to acquire the Raleigh Charlotte & Southern Ry.
Jersey City to Stroudsburg, Pa__ 99 Other branches
24 and improvements and extensions. $3,981.000 are reserved to retire a like
(Double trace 19 miles.)
Trackage
8 amount of underlying bonds. leaving $18,638,000 available for future purposes, of which $3,693.000. however, will be issuable only upon vote of
Beaver Lake. N. J., to Unionville. 21
Wilkesbarre & Eastern
three-fourths of the directors and
65
majority of the stock for add'i road.
Total road operated June 30 1913
The new bonds are secured by aafirst
225
mortgage on 334 miles. and,subject
STOCK.-Pref.. $13,000,000: corn.. $13.000,000, of which the Erie to underlying issues aggregating $3.981,000. on 455 additional miles. and
owned June 30 1914 $25,599,002 corn, and pref.-of this, $6,630,000 corn. also by a first lien on practically the entire equipment, valued at about $2.and $12,936,000 pref. being deposited under its mortgages. Dividends on 720.625; also by a 1st lien on the entire stock ($1.000.000) and 1st M.bonds
($5.000.000) of the John L. Roper Lumber Co., owning 10 planing. saw and
pref.. Nov. 1891 to 1892. 244% Yearly: none since.
shingle and cedar mills, with an annual capacity of 150.000,000 ft.. board
BONDS.--General 5s are reserved to retire 2d 4 Pis. See abstract. V. 52. measure; and
140 miles
standard-gauge logging road. 300 logging
p. 84. The seconds are exchangeable for generals on payment of an assessl. oars. 25 locomotives, &e. of
The value of the Roper lumber property has
Terminal bonds, see issue of Jan. 1898 and abstract. V. 57, p. 512.
been estimated at 512.785.000. Sinking fund $100,000 yearly, as long as
The $3,500.000 Midland RR. 6s were extended 30 years from 1910 at 5% the lumber company bonds
pledged. The lumber company's securities
and $200.000 Paterson Ext. 5s 40 years at same rate. V. 90. p. 373. 91. may be withdrawn from theare
mtge, on payment of at least 55.000.000. All
In July 1911 sold $800.000 434% equipment notes due part semi-annually moneys of the sinking fund,including
the amount received upon any saleot
to Aug. 1921. See Erie item. V. 93. p. 163.
the Lumber Co. bonds and shares, or upon the redemption of any of said
EARNINGS.-2 mos..f 1914
-Gross. $2.978,174; net, $933,024 bonds, shall be used, as to at least one-half thereof, for the purchase or
-Gross, 2,926,925; net, 945,668 redemption of bonds of this Issue, and the balance, If any, for the construeJuly 1 to Aug. 31. 11913
tion or acouisition of new lines, equipment, betterments and Improvements.
REPORT.-For 1912-13 in V. 97. p. 1498.
Gross.
Net.
Other
Inc.
Charges.
Net Income. V.93. p. 1534; V.96.p. 487; V. 97, p. 1204; V.98, p. 523.
YearDIVIDENDS.-In 1911, 2'7., (quer.); 1912 to Jan. 1914. 2% (Q.-J.):
1913-14_ _ _83,974.796 $1,061,781 $287,404 $1.118,801 sur.$230,384
1.010,480
179,199
982,023
sur.207,656 April 1914, none. V. 98, p. 1000. 1072.
1912-13- _ 3,787,146
1.045,873
179,070
1,052.049
sur.172,894
1911-12_ __ _ 3,673.270
EARNINGS.-12 mos..J1913-14
Gross, $3,895.886; net, $986,856
-(V.93.1). 1102, 1463; V. 95. p. 968, 1200; V. 97, p. 1498; V. 99, p. 1131.)
July 1 to June 30.
11912-13__ _Gross, 3.816,028; net. 1,308,372
Miles operated In 1914, 906, against 829.
NEZPERCE is IDAHO RR.-Owns Vollmer, Ida., on Northern Pacific
easterly to Nezperco. 13.8 miles. opened June 15 1910. Extensions from
REPORT.-For year ending June 30 1913, incl. electric lines, 46 miles.
Vollmer to Lewiston,55 miles,proposed in Nov.1912. Stock auth.,$1,000.- and Rai. Chart. is Southern div. 219 m. Report 1912-13. V. 97, p. 1200.
000; issued. $524,400. Of the serial 6s ($300,000 auth.). the $125.000 is1912-13. 191142.
1912-13. 1911-12.
Jan.
1
1913
to
1925,
viz.:
55,000
in
yearly
1913
and
1914.
Gross earnings$4.144.375 $3,738,821 Int. & rentals. &c.$673,512
sued mature
$620,486
$10.000 yearly 1915 to 1924 and $15,000 in 1925. Additional bonds may Net, aft. taxes 1.299,172 1,259.906 Dividends,2%___ 320,000 320.000
and
additions
extensions
at
of
cost,
but
only
when
70%
the
net
for
Total
net
issued
Inc_
be
1.577,142 1,287.482 Balance, surplus_ 583.630 346,997
mos.
are
twice
the Interest charges, Incl. bonds
earnings for the preceding 6
OFFICERS.-Chairman, Marsden J. Perry; Pres., Joseph H. Young;
Redeemable in blocks of $5,000 or multiples In order of
then to be Issued
Norfolk; V.-P., Richard Swartwout, 44 Pine St., N. Y.; Sec., Morris S.
earliest maturities, on any int. day, at 105 and int. V. 92. p. 1566.
lIawkins,
Norfolk; Asst. Sec.. James T. Avery, 14 Wall St., N. Y.; Treas.,
For year ending June 39 1914, gross, $35,299; net (after taxes), $18,594: Matthias Manly. Norfolk; General Counsel.
Chadbourne &
GenInt., taxes, Re.. $8,188; bal., sm.'s., $10,406. Pres., Z. A. Johnson. eral office, Norfolk, Va, N. Y. office. 14 Wall St.-(V. 96.Shores.
n. 863. 1157,
Lewiston, Idaho.-(V. 92, p. 1566.)
V. 97, p. 50, 1020, 1200, 1204; V. 98. p. 523, 1000, 1072, 1538.)
terminal
and
switching
road
extendlne
RY.-A
NIAGARA JUNCTION
NORFOLK TERMINAL RV.-Owns a union passenger station at
from Niagara Falls. N V. to Fletcher's Corners. N. V.. 4.86 miles. factory Norfolk, Va., with approaches, opened June 1 1912, used by
the Virsidings, 6.38 miles. Electrically operated since September 1 1913. V. ginian By., Norfolk is Western Ry. and Norfolk Southern
RR., which
97. p. 1837. Stock, $160.000 common and $140,000 8% cum. pref.; all of own the entire stock and undertakes to meet all
charges and
coin. and all the outstanding pref. being Owned by Niagara 1. ails Power interest and principal of bonds. Bonds authorizedexpenses,
March 20 1911, $2,Calendar year 1913 moss, 583.697: net. $33,568; other Income. $2,171; 000.000, to be guaranteed, prin. and Int., by the
three lessor companlea,
Int. and taxes, 514.138: bal., stir., $21,601. Pres., Edward A. Wickes: of which 51.000.000 have been sold. Redeemable at 105 after
Nov. 13925.
Philip P. liarion; See., Fred'k L. Lovelace; Treas., W. Paxton V. 92, p. 660. 1109; V. 93. p. 667.
1191. Pres. J. H. Young, Norfolk, Va.
Little. New York office 15 Broad Street.
V.-P., D. S. Maher, Roanoke, Va.;
Francis W. Russell, and Treas.
Caldwell Hardy, allot Norfolk, Va.-(V.93,
NIAGARA WELLAND is LAKE ERIE RY.-V.95. p. 880.
Sec..
p. 667. 1191; V. 94,D. 1696.)




[VOL. xczx

RAILWAY STOCKS AND BONDS

96

E
•4
7

WESTERN

-cC

'TRANSIT
.........
..
all
Ontonagon

%Iichlga

Ashlan.
A.
a.
—Hurley

Mot

line

•

essemer

"

Pogamasing

Nega

Choate
ford c.
Atkinson

Osborn

Biseotasing

CJ
..... .
.....
........... .................

Cascade-

Idercet
Metropolitan

Manistique

Fitleld
Rhinelander
Prentice
Mar son

Woll

iver Ic.
F
Welk
Eland Jc 0

Abbottsford

0

Gillett

OXI.EWSTON

Lovett
Karats.

4

31e1Cinle

Clintonville
Merrillan

ew London
ortonvill

Grand Rapids

.4

ancock

Oshkos

Necedah

..Necedah Jo

HAUPTMAN
COCA GE

'26
Kincar

Manistee

Ne

Ludington
P•

w.
Princeton
Fond du La

„Reed City
Pentwater

New Cs
innesota Jc
atertown
C. a

Ferrysbu

Woodman
c.

RAPIDS
Dodgevill

Waukesha

f,

Racine

'vans
Cala nin

ncaster

anover
Du uque

Red Oak

A amosa

c
'Fr eP°tt R ciao
rut
Savanna

tan •od
a
•eatland s.
Tipton

Janesville
W Mauls Ba

Geneva
Aurora
°.
a•
E
•••

•
9., 0

Galeab
a a.
a. 6

Burling

00sI

Bushnell
T.

P

r
eo uk
Hamilto
CA
.
IUS5IR GUM

ardstew

ORNING

Quincy
Jack

nv lie

GLOUBTER

....,›

AI'
RSHALL jO
F J.

4.
•

▪

NYDER

OSF

Centralia
Nas

Athens,
Parke 2:arrg.

,..4-4,',4
i,.1.• ,,e. „
c Lumeos

e,06
\

,

,r.... 4

a

0

eroy

t:
%•

0
•

).•

G.
4'
• . Edwardspor
N N SS e.
4
% gin"
i Washington

s
Salem
airfield

,c29

••• .„.

FLAT ROCK

zaa. G

,• ,,

UNION

tamont fs,sstz

Ai

Marietta

.....ef,...4'
•i- L•r:

N ORTIK VER

..

O UASANT

,..4.
4.1.

t eY it.orors's.,"
Bedfor. :
a,
ti,
.0.
.,
River Waifjd

ysville

.4,...O.,i,s'.

shiest
• Carter
ur
Catlett
°

Salem
rinc ton

AYBILLF

Rivet

t

800

Evansvill

;
Poti
.
cr

WE

arrisOn

Kenova
CHARLESTON
Coalburg

FF1

CV. New Albany/V
UISVI LAX
Lexington

.sterling
Acme
•
Rothwell
rchard
White House Pe

•lie ter

Williamson

Mineral Poi
Bismarck

Cloverport
Elizabethtow

Shaw

eattyville
and

Pikeville

Jackson

K

/
4/

Y

uvingsto.
Annapolis
Piedmont

Marion

Munfordville

Tazewell
Corbin

Pane
Bowling Green

ri

Surnside

Williams




Cum-berlai7d

9

97

RAILWAY STOCKS AND BONDS

Om., 19,4

NEW YORK CENTRAL LINES
1913.
Trackage is shown by dotted lines thus:4••-••••••••••
Lines under construction by dashes thus:--

QUEBE
audlere Jo,
St.Tite Jo.

Three Rivers

Bt.Gabriel
ludbury
>
r—

/kr Lake
St.Pete
-Sorel

Berth
Joliette

41014,4

S
GD.
N
,I,0.
7,1
115
.
j
AeL

Scotia Jo.
Rentrow

aterlo

Ar prior

Bauer

VIPP,

1 eyti Id

Carleton
Jo.

untitiOun

COB NW
K mptvill -'
MASSE

Smiths Fall

It oo
•

Sharbot'Ltee

C Simeoe
Barni

41.

riston

H

S

Richfor.
Albans

tAr't
4
1.00tt 1.1)as1,
Whantp/a)
SECLEAR XI\
SARANAC LA
LAKE PLAC,

(
A„
'i.C.a,:s&A•Lp4
.
ae
,
,
P *00:kal,p40

Harwoo
oo"

rtl

•

Chazy
.ttazoNs
CHASM VALLS ))

Orillia

Som Jc.

•
c,p•a8 RIVEilconderog
11,m:iv
Baldwin

• CARTHAGE

OASTORLAND
FULTON
CHAIN

hi

almerat n

McKEEVER

Leiceste

Jo.

North

utland

Guel
Berlin
•
a she
4.

ST.THOMAS
•
abfor
CATSKIlL
ono

inaD
ua

Aa

at.nton

wegn • a

Olean

ke
ERI

..48.
.

/
1
4‘LI LYSS

d

•adt'

oso
ffi.ic
wstss
ARGO

ARREN
ewctP
TISWILL p

Clernuni t
burg

OIANKLIN
DOOCkwErrillE

*PH

mush i
A.
bite Ilav
Peon Its

NEW CASTLE
NEW CASTLE JC
LLWOOD CV.. R. •

LON
Vi
LLIA
ALLV/0
BIAS VA

9 ROC
UTTSB

AW386
GH

re

gdon

OU4
.
1."

p

HARR, la

nt

York

Bedford
d

`4,7 •

.

Ge tysburE

0. Byndman

tra7rTa

Clark

aft.n

Ilane/de Gras
SA vi.im

crick

eirmont

\um

Winslow J

Ilagersto

Krug

40'

t Boll.
Camden PA.

PHIL

ea

ACHE
•
•IC•

BO(deUt0A

Phzeui
Lausaste
aA.

ShIPPensbu

Anoseos on.

yeer.
RomneY

•

g Branch

ghnst wn

CONNELlelagwo

wssu'awa
JERSEY C•

n

i

'11•It.Plea

task Pt.
RN
aterson

Delay

1 enteCtu

Os

IPPA

BERGS

0

1

41111p:

A
PA.
LeWa

'
9 AVOI,
A.

N

WES
2She

laekawaxe kt,
roftn

OIL CITY

jiantio City

Fe

lesie City
'

WInelyster

Volcano Jo.
B

Weston

ugtofl

sburg

pgtersbury.;

al

May

raT
d?- N
0
MatIaStm55

R

ST
Sutton

Pickens

Greendale
4,

C.

ape
WA s

Catnden on.
cl,stiLkyGauley

Fredericksb
Gordonsville
c.

le
tt
harloeav
Alberene

Thurmon

C.)

Doswell

a

Re Su
Sinl`
Raleigh
itintOIS

Orange

t unton

.RICHMOND

?atm./

e

West

•s
Chester
e e
Radfor




Comfort
port

Keysville
Rocky Mount
Ern

harles
lrg

ria

For

N
050
Suffolk

NOT




HARRISBU

oe

earns'

yo.
Sh1PPensbu
.*.
Chambersburg
Ilyndman

I 'Waynesburg
----

GER TOIN
HA
.

cur

J ck

Alexandrl
ENTONvILLE
RILEYVILLE
URAY
ROMAN
ROVE HILL

an&
N0

ns
CHARLESTON

HE L
CYR,9

ELKTON
ORT REPUBLI
GROTTOES
HARRISTON
CRIMORA

°Nicholas C.H.
*

PRITCHA
NEWLE T
CASS.. E
3ALTPE. R

+4.

CHES.

k

GLEN M V9

LYN OH

5.11

A,

3
4jfhartes.
2
MLCM
''
..YLITH:NE
.:
7F
19
81
1 \
4
\P
is
m"-YBeaCb

/

E""N4,s

•QYMS
0

sTONEVILL
o tb

ohnson

Efocksv le
Statesv

MAD ON
AR ER
P NE HALL
UT OVEN..
wiLLIARDSVILLE

MAP OF THE

ORFOLK & WESTERN
RAILWAY
CONNECTIONS.

SGNOCE (INV SNOWS AVAIIIVII

MARL
GAYLORD
BERRYVILL
ROYCE
MITE POST
ASH BY
IVERTC9N1

OCT., 1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, ctv.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

99
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

___ _$100 $107808500 3 in 1914 Q-M Dec 19'14. 134 Office. Philadelphia
Norfolk & Western-Common stock $150.000,000_fix
100 22.991,7004 in 1914 Q-F Nov19 '14 1% Office, Philadelphia
_ - ___
Adjust pref(p&d)4% stock non-cum $23,000.000_0x
6 ¢ M & N May 1 1931
7.283.000
Bankers Trust Co. N If
1.000
1881
428
--FP.xc
•
N & W gen (now 1st) M Norf to Brig eco g
6 g A & 0 Apr 1 1932
do
1.000 2.000,000
lai 1882
do
New River Division first mortgage gold ---FP.xc•
1,000 5.000,000
F
6
g
do
A
do
Feb
1
1934
do
gold_FP.xc•
mortgage
Improvement & extension
do
4 g ?I do N Nov 1 1989
1.000 5,000,000
do
129 1889
Scioto Valley & New Eng 1st II assum geld-Ce.ze•
do
4 g A & 0 Oct 1 1996
500 &c 40.400.500
do
N & W first consol mtge $62.500.000 g --Ba.xc*ear* 1.674 1896
do
4 g .1 & 5 July 1 1944
&c 23.000.000
do
Div 1st lien & gen M (text) g red 105 begin 1929_02 1.894 1904 1.000
do
4 g J & D Dec 1 1941
1.000 17.989.000
--- 1901
do
Pocah joint M 820.000.000 g call 105 s f- OP.xc•&r
600.000
500
Jan
1
1922
J
&
J
5
g
1892
Metropolitan
4
Tr
Co.
N Y
----MP.xo*
(end)
ass
gold
gu
1st
M
Col Con & Term
4 g J & D June 1 1932
Bankers Trust Co. N 'Y
- -- 1907 1.000 &c 3.539.000
..(ix
Convertible bonds $34,000,000 gold red text..•
611,000
do
4 g M & S Sept 1 1932
- -- 1912 1.000 &c
do
-- ---(1.xc &r•
Convertible bonds text gold red..
___ 1913 1.000&c 9.781.000
do
do
434 g M & S Sept 1 1938
text gold red_-_(1.xc*&r•
do
do
4 g .1 & J July 1 1960
United States Tr Co. NY
1.000 5,000,000
89 1910
•
Winston-Sal So'b'd lstM$5.000.000 g gu Us.s.c•&r
1,000
- 1905
4 g A & 0 Apr 1 1915
200.000
----x
Commercial Tr Co. Phila
Equip trusts Ser C gold gu last .nstaliment
x
do
4 g M & N Nov 1 1915
100,000
1.000
1905
do
Series D gold due $100.000 yearly
do
do
4 g J & I) Dec 1 1914-15
200,000
1.000
--- 1905
x
do
Series E gold due $100.000 yearly-do
1.000
yriy
x
do
Various
1906
ser
do
To
Aug
4
g
1,000.000
each
1916
$100,000
g
to
K
F
Series
do
1.000 1.200.000
_.-'06-'07
do
do
Various To June 1 1917
4g
Series L to 0 $100.000 each series yrly-x
do
--- 1914
__yc*
do
do
4)4 F & A To Aug 1924
1,000 10,000,000
Series of 1914 g gu $500,000
do
_
(end.)
__(1P.kv
y'ly-Reading
1902
gu
M
&
S
4
g
250.000
1.000
Con-lst
Mg
Terminal,
Phila
Sept
1
1952
I.
Norristown & Main
F & A Aug 1 '14334% Burlington. N C
100 4.000.000
223 ---7
North Carolina-Stock 7% paid from rental
86 ____
50 5.405.550
Q-F Aug 25 '14 2% Office. 240 S 3d St. Phila
8
North Penn-Stock 8% gu 990 Yrs $6.000,000 auth
do
500 &c 1.500.000
56 1866
do
i& & N May 1 1936
4
Old second If (now 1st) (7s extended In 1896)--kvc
3.3g J & J Jan 1 1953
4.500.00
86 1873 ----do
do
General mortgage extend. in gold in 1903-FP1rvc&r
4 g M & N Nov 1 1928
-. 1898 --------407.000
Reading Terminal, Phila
Funding loan bonds $409.000 gold..__ _ _ _ _ _Iry
Reading Terminal, Phila
5 g A & 0 Apr 1 1920
400,000
1.000
North East Penn-1st hi gold gu P 63 If -- OuP.kvc• 2534 1890
North & South Carolina-See Carolina Atlantic & Western Ry.
1.000 1.650.000
11 1896
J & 3 July 1 1928
5
3 P Morgan & Co. N Y
Northern (Ala)-15t M ($350,000 prior lien - --Col xo
_
100 3.068.400 See textQ-J Oct 1 1914 134 1023 Old So Bldg, Boston
83 ____
Northern (N 11)-Stock 6% rental
Northern California Ry-See Southern Pacific
-------50 27,079,550 See text .1' & J
See text
Treasurer's Office. Balto
Northern Central-Stock (827.737.050 auth)(see text)
6
144 1855 --------1.500.000
First mortgage State of Maryland loan(V 74,p 1197)
Annapolis
Q-J Irredeemable
conk' general mortgage of 1874 gold Series E-_xo
144 1885
1.000 1,757,000
434 ¢ A & 0 Apr 1 1925
Treasurer's Office, Salto
5
1.000 3.565.000
144'76-'82
J & J Jan 1 1926
Second gen If Ser "A" & "B"(A $2,565,000)--FPx
do
do

NORFOLK & WESTERN RV.-(See Map.)-System extends from Norfolk. Va., westward to Columbus and Cincinnati, 0., and northward to
Hagerstown. Md., with branches to the various coal fields in Va.and W.Va.
Mites.
Miles.
Road Owned121
Norfolk. Va., to Columbus. 0.---704 Roanoke to Winston
480
Radford, Va., to Bristol, Tenn111 Sundry branches
4
Roanoke. Va.. to Hagerstown..238 Columbus terminal
100 Trackage
14
Graham to Norton
44
No. Caro. Junction to Fries
Total operated June 30 1914-2,036
Lynchburg to Durham. N. C.. .115
Portsmouth Junction to Cincin106 Double track
491
nati and Ivorydale
ORGANIZATION.-Successor in 1896 of Norfolk 63 Western RR., dco..
foreclosed per plan in V.62, P. 641. In Match 1910 Penn. RR. and subsidiary companies, It Is understood, owned about 51% of the stock, the
holdings sold in 1906 ($16,000,000) having been re-purchased In 1909 and
also additional amounts acquired. V. 83. p. 502; V. 88, p. 1062; V. 98, IL
763; V. 95, p. 361. 688.
In July 1909 the Norfolk & Western and Atlantic Coast Line agreed to
build jointly the Winston-Salem Southbound RR.,extending from WinstonSalem. N. C., to Wadesboro, 89 miles, completed in March 1911, the two
proprietary companies jointly guaranteeing an Issue of 1st M.50-yr gold 4s
V.89,598;V. 90. p. 238; V. 91. p. 1448; V. 92, p. 396.
STOCK.-Provlsions of pref. stock were in the issue of April 1897,9.4.
D/VS- f'04. '05. '06. '07. '08. '09. '10. '11. '12. '13.
19114
4
Common -%1 3 334 434 5 4 434 5 53( 6 6 134.134.
BONDS.-The first consolidated mtge. of 1896 Is limited to 862,500,000.
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 M.on about 898 miles of railroad. upon Important terminals at Norfolk
and Lamberts Point. upon the Ohio River Bridge and the Roanoke Machine
Works; also a consol. M. upon 776 miles subject to the undisturbed liens.
They also cover equipment. See abstract. V. 64. p. 376; V. 72. p. 137.
505: V. 79, p. 213; V. 81. p. 212.
438, 532, 723, 1080; V. 75,
p. bonds are secured by about 295,000 acres
The N. & W.-Pocahontas joint
of coal lands owned and held by the Pocahontas Coal & Coke Co., whose
stook is owned, of which about 50,000 acres have been leased to companies
whose stock is all owned by the U. S. Steel Corp. and 39.797 to other concerns, the royalties under such leases alone being shortly expected to be sufficient to almost meet the fixed charges. They are subject to call at 105
V. 73. p. 845.
since 1906 for a sinking fund of 234 cents per ton
bonds are the joint and
902; V. 74, p. 41. 380, 1197; V. 75, 502. These mined'
several obligations of the Railway Co. and of the Coal & Coke Co., but as
between the two companies the debt is to be paid by the latter company.
Divisional 1st lien and gen. mtge. 45 of 1904 (835.000.000) authorized for
future capital requirements are a 1st lien on extensions and branches not
covered by the 1st consol. mtge. aggregating 220 miles, and upon such extensions and branches as may be acquired from the proceeds of the new
bonds and also a lien subject thereto upon the properties covered thereby.
V. 78, p. 1549; V. 79. p. 501. 628. 973. 1642, 1704. 2148; V. 80, P•
1175;
V. 82, p. 510: V. 83, P. 1471; V. 88. p. 231. 453.
The cony. 4s of 1907. of which $25.569.000 were
1907-10 (V. 83.
p. 380. 435, 575) are convertible into common stook.issued
$ for $, prior to June 1
1917. and thereafter subject to call at 105 and int.
To June
1914.
322.030.000 bonds had been converted. V.83. p. 1412. 1471: V.84.30
P.1248:
V.86. p. 109. 286: V. 90. p. 772. 1425; V. 93. p. 1324, 1534.
Stockholders of record Jan. 31 1912 subscribed pro rata for $13,030.100
20-year 4% convertible bonds, convertible into common stock.
$ for S.
prior to Sept. 1 1922, and thereafter subject to call at 105 and hit.
June 30 1914 $12.419.100 converted. V. 94, p. 208, 417: V. 95. p. 687. To
Stockholders of record February 17 1913 subscribed for $17,138,500
of the 318.353.000 25-year 434% convertible bonds offered at 10234.
They are convertible into common stock,3for $, prior to Sept. 1 1923, and
thereafter sub, to call at 105 and int. V.96. p. 360,653. 948: V.97. p.666.
GENERAL FINANCES.-Of the traffic) in 1913-14, 68%
eons) was bituminous coal and coke; average rate per ton per (24.589.892
mile, 0.415
eta.: train-load.802 tons. In Dec. 1911 dividend rate was increased to 6%.
In Mch. 1914 sold 810.090,000434% equip. trusts. V.98. p. 1000,1072.
EARNINGS.-For 2 months ending Aug.31:
2 Months- Gross.
Net.
Other Inc. Int..Tax.,&c. Bal., Sur.
37.734,129 $2,668.629 8237,199 $1,076,205 $1.829,624
1914
7,806,185
1913
2,572,267
114,428
998,090
1,688.605
REPORT.-Report for 1913-14 in V. 99. p. 744, 753 (see &Int. p. 705):
Year ending June 301913-14.
1912-13.
1911-12.
Miles operated June 30
2,036
2,035
2,018
Passenger earnings
34,908,679 34,715.294 $4,342.452
Freight earnings
38,038,622 37.588,024 34,022.572
Mall, express, &c
1,523,318
1.436.603
1,370.213
Total gross earnings
$444,470,619 843,739,921 339.735,237
Operating expenses
29.935,842 28,565,813 25,669.430
Total net earnings
$14,534,777 $15,174.108 514.065.807
Total net income
$16,532,167 $16,938,590 $15,429.018
Interest on bonds,&c
4,564,134
4,245.567
4,383,837
Outside oper. net def
19,874
7,608
20,409
Taxes
1.620,000
1.452,000
1,410.000
Separately oper. properties
701
94,174
108.053
Dividends on preferred (4%)
919,668
919.668
919,668
Dividends on common
(6%)6,240,150 5,759.521(5)04,668,438
Betterments
2,093,918
1,553.088
1,372.065
Miscellaneous rents, &c
(Cr)68,263
64,688
119,945

Roanoke, Va.; W. G. Macdowell, Joseph I. Doran. John P. Green and
W. W. Atterbury. Phila.: Joseph Wood. Henry C. Frick, Pittsburgh; Walter H.Taylor, Norfolk; M.C. Kennedy, Chambersburg.-(V. 99, p. 744.)

NORRISTOWN & MAIN LINE CONNECTING RR.-Owns double-track
road. 64 miles long, incl. bridge over Schuylkill River at Norristown. Pa.
Leased to Phila. & Reading fly, at 4% on stook and int. on bonds. Reading
Co owns the $50.000 stook and guarantees the bonds.-(V.75. p. 11483
NORTH CAROLINA RR.-Owns from Goldsboro to Charlotte, N. C.
222.44 m.; Carolelgh Jct.. N. C.. to Caroleigh Mills, 1.90 m.: total. 224.34
miles. Leased from Jan. 1 1896 to the Southern Ry. for 99 years at $266.000 (614% on stook) per year till Dee. 31 1901 and $286.000 (equal to 7%
on stock) balance of lease; also taxes. V.63. p.361. State of North Carolina holds $3,000,000 stook.-(V. 66. p. 665: V. 89. P. 163.)
NORTH PENNSYLVANIA RR.-Owns from Philadelphia. Pa., to Bethlehem, Pa.. 55.53 m.; Delaware River branch, 20.45 m.; Doylestown branch,
10.09 m.: total first track, 86.07 m.; total track, 251.21 in. Leased for
990 years from May 1 1879 to Phila. & Reading RR. at 8% on stook, and
lease assumed in 1896 by Phila. & Reading Ry.-(V. 81, P. 668.)
NORTH-EAST PENNSYLVANIA RR.-Owns road from Glenside to
New Hope, Pa., 25.64 miles: 2d track, 1.99 m.; total tracks. 32.53 miles.
Cap. stock, $400,000, of which $318,950 owned by Reading Co.; par $50.
NORTHERN ALABAMA RY.-Sheffield to Parrish, Ala., and branches,
112.50 miles. In April 1899 a majority of stook and bonds purchased by
the Southern fly. V. 68. p. 824, 873. See also V.69, ja. 391.
Stook is $2.000.000. Under supp. mtge. of 1898 8400.000 of the outstandIng $1.700,000 1st 5s were made prior liens. V.67, p. 1208. In year
ending June 30 1914, gross. $582,370; net, after taxes. $140,379: other
income. $49,731; bond Int., $82,500; rentals, &c., $139,169: bal.,def.,
$31,559. In 1912-13. gross, $541.089: net. $99.066.-(V. 69, ro• 28.)
NORTHERN (N. H.) RR.-Owns Concord, N. H., to White River Jot.,
Vt., 70 m.; branch to Bristol. N. H.. 13 m.; total. 83 m. Subsidiary lines,
Concord & Claremont RR., 71 m.: Peterborough & Hillsborough RR., 19 121
Lease to Boston & Lowell for 99 years from Jan. 1 1890 was assigned to
Bog. & Me.;rental was 5% on stock till July! 1897, and now 6%,payable In
gold. Until July 1897 1% extra was paid regularlyfrom contingent fund.
Also In 1894, Jan., 5% extra was paid; in 1898, July 2% extra; in '97, 5%
extra; In July 1904, Si% extra. In April 1911 Bog. & Me.received authority
to purchase stook. V. 92. p. 1108.-(v.65. p. 463; V. 78, P. 2385.)
NORTHERN CENTRAL RY.-Owns Baltimore, Md.. to Sunbury. Pa.,
136 m.; all double track-branch,9 m.; leases-Shamokin Valley & Pottsv.
RR., 40 m.; Elmira & Williamsport RR., 73 m.; operates at cost-Elmira
& Lake Ontario RR., 100 in.; Lykens Vail. RR., 19 m.; York Hanover &
Frederick RR., 56 m.; York branch Penn. RR., York. Pa.. to Columbia.
13 m.; other, 4 m.; total, 449 miles. Uses other tracks, 23 m. V. 78. p. 773.
The stockholders on Nov. 2 1910 voted to lease road to Pennsylvania RR.
for 999 years from Jan. 1 1911. the holders of the $19.342,550 stock to
receive a stock dbl. of 40%; also 10% in cash from treasury assets and a
guaranty of 8% on all the stock during the lease. V. 91, p. 154. 337. 464.
871, 1026. Two of the 3 suits brought by minority stockholders having
ended favorably and an injunction having been dented in the third, restraining the execution of the lease pending the trial, the lease was entered
into in July 1914. The stockholders in Aug. 1914 received, in addition to
the extra dividends called for by the lease named above, a cash payment at
the rate of8(g, yearly (28%)on the 40% stock dividend for the 3)4 years between Jan. 1 1911 and July 1 1914, representing accrued rental under the
lease. V. 99, p. 343, 49; V. 91, p. 1768; V. 92, p. 527. 1109, 1179; 1243,
1566; V. 93, p. 45, 286; V. 96, p. 572.
SECURITIES OWNED.-On Jan. 1 1914 among the assets held were
Elmira & Lake Ont. stock (all), $1,500,000; Sham. Val. & Pottsv. stock.
$619,650; Union RR. stock. $1,225,000 (the bal. of $875,000 being held by
Phila., Wilm. & Bait.), &c. Also Southern Pacific Co., $1,848,700 (exchanged in July 1913 for Bait. & Ohio stock and Norf. & West. pref. $500.000,and corn., $1.300,000; Erie & W. Transp. Co. stock. $500,000.
STOCK.-Penn. RR. on Jan. 1 1914 owned $10.577,200 of $19,343.244
outstanding stock. The auth. issue was Increased In Nov. 1910 from
520.000,000 to $27,737,050. A 40% stock dlr. 37,737,000) being paid
Aug. 5 1914 under lease; see above. V. 91, p. 1630; V. 98. p. 1695; V • 99.
P. 271, 538.
DIVS.- '88. '89. '90. '91. '92. '93. '94-'00. '01-'14.Since under Lease.
Per cent__ __ 7 8 8 7 8 9 7 yriv. 8 YriY•*
8 yearly.
• Also Jan. 1907, 1234% paid in stock ($2,149,169). V.
83, p. 471.
Also 10% extra in cash and 40% in stock under lease in Aug. 1914 and 28%
extra in cash representing 8% on 40% stock dividend for 234 years from
Jan. 1 1911 to July 1 1914, during whkh lease was held up. V.99, p. 343.
EARNINGS.-6 mos., f 1914
Gross, $6.061,643; op. def., $166.493
Jan. 1 to June 30.
11913
Gross. 6.500,828;
net, 275.385
REPORT -For 1913,given at length in V.98,9.604.616,showing:
Year end. Dec. 311913.
1912.
1911.
1910.
Gross earnings
$13,563.722 512.844,716 $12,745,867 $12,798,628
Not earns. (over taxes)- $1.059.357 31.442,444 $1.607.177 $1,583,138
1913.
1912.
1913.
1912.
Oper. income_$1,059,357 $1,442.444 Int. on bonds- $361,316 $366.222
Other income- 1.877.578 1,488,176 J't facil.&misc. 383,564
245.005
Dividends,8% 1.547,400 1.547,400
Tot. net Inc.$2,936,935 $2.930,620
Rents,oth.rds. $283.961 $316,525 Tot. deduc'ns $2,861,539 $2 679 932
285.298
204,780 Balance. sure. 575,396 8250,689
-(V.98, p. 1695, 1920, 1994; V. 99, p. 49, 271, 343, 538.)
Balance, surplus
$1.141,985 $2,842.274 $2,426.634
NORTHERN NEW BRUNSWICK & SEABOARD R Y.-Extends from
OFFICERS.-Pres., L. E. Johnson; V.-P. (Finances). Win. G. Mac- Iron mines 0 Canada Iron
Ltd., near Bathurst. New BrunsDowell: Sec., E. H. Alden; Treas., Jos. B. Lacy. Phila. office, Commer- wick, Canada. to NiplslqultCorporation,
Junction, on the Intereolonial
Bldg.
Trust
cial
proposed, 26 miles. Bonds auth .$390,000 at $15,000 per Total mileage
mile, guar. by
Directors.-Viotor Morawetz. New York; L. E. Johnson. N. D. Maher
Province of New Brunswick and Canada Iron
Corporation.-(V 80, p.14911







INNIPEG
PORTAGE Jo.
t.Norbero
-Agatha
ver Plains
RRIS
Jean
merson

Lake
of the
'Woods

MBINA
esmont

!Mt
rownkiVail
• Ir bster

•

GI.

GT.
utchinson
P.
ST.

NOR.
INN EAP

La C osse

Winnebago

klintw.

eron LuditY

on Elmore
isLorthing
-----It Lak
1,00e-

aAlbert7
._
---rg

just'

ulY
Mason

go

441111**12
Ni416"
Itisdamr%
latisli_kk
411frS744*.--

crap,

AC
<b•
Cl?B`Lifoot

soakatelew".

47,

River
Swift Current

0

CAN.
Morse
aqua
4.
13
11
7.

Cypi eRa

9

0
ict•
NO.
thbridge

S

A

vteTtai

4‘b

.anahn

Milk Rive

'9c 4,
4
0x-

2

Po4Aiigei.0

4°1
ste,,
NOR.

Fo°
NEWLON
Craueville
Savage
Burns
Intake

W 1194
ierZt

A be

NOR

4
'4;0

8
"
0

Stipa

e,10
:
„\y"
•

04

o1nliett,
do.
p PassT InEw
UK K
DAYTON

.A
P FoRtsr:se
1,4.7:-„,§0,
GtiovE
taDhsBuRN

•

TRACY

¢?'..

114
,
44

's20

Oun
'FfF-0

La Grange
•

—

Telt
Ft. US Or

1.19430D
•O
tlfircorY
Merrlt
81‘1 • •e
arclarn°4W15res;
!gran%

rius

Union

Rot..Lake
Council
Vafley

0 Prineville
CaR902. City

HUNTINGTON

,

„.„. Challis

elser

Dry Creek

Clayton° :'Cry."(

Lattoun

Washoe
Grdah
o City
rtock:

Ricezoo
:
Eropi
r
City

j14
"

d
Pis
Thiele
4,NAtt

polm

oliarney
rfanleY
gm.•
p.a

tiP4f.4.

Houston

SS,

Idaho Falls

Haller

Maniath
Fails

Black-too

dAP"
Azeadaka.p.
14,

lakt/IISW

•

%
w.wwwWwww.

•

\.:7`..allberidau

A no Ca

Buffalo o
Y limestone
Lake

y

nese
Deed 00
Le
Coarczott

Felix

Gillette

R.

W rland

IN
New Castle

MAP OF THE

Edgem nt

Osell'em

81.10R;490
.
4
/
1
444
ICIantalle
ke

M

M ket Lake

Ketchum,

•-"tomsoisa
BOISE
orr
elmimmcarlill".°./A:edburr

West pork

a\

Z.

allow
Lake

bo

otk Hot tiprii. rr.yEannt
0 STONE.
Cody.

er City

BuinPter
McEwen

LBOW

BR I
GARDINER gebl.00QC
----4--wwwwww....

on Ci

Day
•

R.
.p

°02

orrk
Soknon

Warren,

Madras

"-9.gn
no

;breSiete'

Fre

Heppner.
—Condon

4 Cte4
4
0,4416

40,14.c

DNA DCVIIL.

Ii

v

0,
4/

•
•/?:
••
• 0,..
I'
0 e°
4.
4:teje._

C.

:
01;1

Q

`•

Sclo
Caret,'6'cr
0. Tallman
Lebanon




Elgin

c•tre

.•

1:1(

"r2/4

c,o•

• • JO.$

A.R1:)t
.6m:.--,6trT
.
WOobaug..
4
SALEM Met,i'sHv r •,

Gold Beach
JaCkSOn Ville

S::;

"o

Waitesburg

"El=

W-oAOa
dirge

o o

%1'.
4 eohd„,.

BO°

NORTHERN PACIFIC RAILWAY itx:
(WESTERN SECTION)

RAILWAY STOCKS ANDT4BONDS

•

.'

A

HEW

SKAT

102

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c.. see notes on first page]

Miles Date
Road Bonds

16.9 1910
Nor New Brunsw & Seab--Ist M g gu 8390.000 auth_
------Northern of New Jersey-Stock guar (see V 69. p 81)
Third mortgage (now first) interest guaranteed ---c
21 1887
_ __ 1900
Gen mtge $1,000,000 gint guar by lease __ _ Usm.xc•
162 1895
Northern Ohio-1st Mg (815.000 pm)gu p & I _Ce.xc•
------Northern Pacific Ry-Stock $250.000.000 authorized
St Paul & N P gen M land grant assumed_Ce.xc•der
182 1883
do
registered _ ________ _ __x
do
182 1883
Wash & Columbia River 1st M gold assumed_F•xc•
163 1895
New mortgages of Northern Pacific RailwayPrior lien M 1129.537.000 gold land r_Ba.xc•&r ee z 1896
General lien Al $190.000.000 gold land gr_F.xc•&r See z 1896
St Paul-Duluth Div pur moneyM $20.000.000(LW
226 1900
C B & Q coil tr Mg (red since Jan '06 at 105) S.c•der•
_ __ 1901
registered
do
do
r•
__ 1901
Ref and Impt M gold red text
G.c*&r* 6,271 1914
Bonds Underlying St Paul & Duluth Div Mtge.
St Paul & Duluth first mortgage assumed _____.zc•
167 1881
Second mortgage assumed ________ __Ce.zc•
167 1887
Duluth S L 1st M p & I sink fd not drawn_Ce.zc•
25 1886
Consol mtge assumed $5,000.000 gold __Mp.zc"
238 1898
Northern Pac Term Co-First Al gold red 110 _ F.xc•
-__ 1883
Northern Railway (CaI)-See Southern Pacific RR.
___ __ __
Northern Securities-Stock $3,954.000 - _____ __ ____
Northwestern Coal Ry-First AI guar (end) gold_Fzc• - 1893
Northwestern Pacific-Stock ($35.000,000) - _____ --F
471 __ __
Cal Northw 1st Mg guar by S F is Nor Pac sk fd _z
40 1898
San Francisco & .or Pacific 1st Mg 5 f _ Ba_zehr
165 1889
1st &ref M $35,000,000 g red 110 aft 10 Yrs_ F.xe 2tr
_ __ 1907
Northwestern RR of South Caro-First M $375.000_x
66 1899
North w Term Ry-Ist M gold red
Ba.c•
_ -- 1906

Par
Amount
Value Outstanding

Rate
%

When
Payable

[VoL. xmx.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Bk Br NAm,NY,Mon,&L
4 g J & J Jan 1 1940
$253,500
500
- 100 1,000.000
Q-M Sept 1914 1% 50 Church St. New York
4
do
do
100 &c
J & J July 1 1917
6
654.000
do
do
1.000
154.000
434 g I & J Jan 1 2000
Chase Nat'l Bank, N Y
1000 2,500.000
5 g A & 0 Oct 1 1945
- 100248.000.0007 in 1914 Q-F Nov 2 1914 1 Yi J P Morgan & Co. N V
J P Morgan & Co. NY
1.0001 7.885.0001 6 g F & A Feb 1 1923
do
do
1.000 f
Q-F Feb 1 1923
1 6g
Office 34 Nassau St, N Y
1,000 b2.620.000
4 g J & J July 1 1935
500 &c 111.652,500
500 &c a60.000.000
1.000 8,080,000
1,000&cl 107.613.500 I
1.000&ci
I
5, C. fr 20,000,000
1.000
1.000
1.000
1.000
1.000

1,000,000
2.000.000
500,000
1.000,000
3,161,000

1 1997
1 2047
1 1996
1 1921
1 1921
1 2047

I P Morgan. NY;& Ber p
do
do
do
do
do
do
do
do
New York, &c.

& A Aug 1 1931
& 0 Oct 1 1917
& S Sept 1 1916
is D June 1 1968
& J Jan 1 1933

1 P Morgan & Co, N Y
do
do
do
do
do
do
Whislow,Lanier&Co,N Y

Q-J Jan
4g
Q-F Jan
3g
4 g J is ID Dec
4 g J & J July
Q-J July
4z
43.i g J & J July
5
5
5
4g
6g

F
A
Al
J
J

100 3.954.000 See text. See text. Jan 10 '14 2%
1.000
62,000
Al & N May 1 1923
5g
100 35.000,000
__ _
------ -1,000
945.000
5 g A --0 Apr 1 1928
1,000 3.693,000
5 g J & J Jan 1 1919
1.000 he See text
434 g Al & S Mch 1 1957
1.000
285.000
A is 0 Apr 1 1949
4
1.000 2,025,000
5 g J & J July 1 1926

Checks mailed
Farmers L & T Co. IN Y
____ ______ -------an Francisco
New York and Frankfort
New York
Safe Dep & Tr Co. Balt°
Bank Tr Co. NY is Deny

p Berlin at 4.20 marks per dollar. z 5.130 miles, in cludin g 40 m Iles not operated; sp urs. 261 miles
Of which In treasury June 30 1914;
a5,39 8.500. b 2.480,000.

NORTHERN RR. OF NEW JERSEY.-Owns from Croxton, N. J., to
SparkIII. N. Y.. 21 m.; leases Sparkill 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 11.000.000 stock, payable quarterly, taxes, and all coraorate expenses. Of the $1,006,000 new 4 Si% gen. mtge. bonds. $654.000
are reserved to retire 6s due July 1 1917. See V. 69, p 81.-(V. 71. p. 30)
NORTHERN R Y. COSTA RICA.-See V 71. p. 1067, and United Fruit
Co. (V.89. p. 470: V.92. p. 527; V.93, p.527; V.94, p.560; V.95. p. 544.)
NORTHERN OHIO R A1LWA Y.-(See Map Lake Erie & Western.)Owns Akron to Delphos.0.. 162 miles. Leased for 999 years to L.E. & W.,
which guarantees bonds (V. 62. p. 826) and owns the $3.580.000 common
stock. Pref. non-cum. 5% stock, $650,000; Par. 5100. Mortgage for
$4.000,000; $1,500,000 reserved for exten's at $15,000 p. m.; V. 66, p. 337
NORTHERN PACIFIC RAILWAY.-(See Maps.)-Operates one
leading lines to the Pacific, having Its eastern terminal at St. Paul, of the
and Duluth. Minn. (the head of Lake navigation), and running thenceMinn..
westerly, traversing the great wheat belt of Minnesota and North Dakota, the
mining district of Montana and the farming country of Washington to
Tacoma and Seattle and to Portland, Ore., with branches.
Main LineMiles.
Leased to OthersMiles,
Ashland, Wis., to Portland.
To other companies_
44
Ore. (Incl. 5 m. terminals) -_2,171 To Province of Manitoba__ ____ 289
Brainerd and Staples to St
Not operated ----------------22
Paul _
181
Other lines
485
Tot.(incl.166 m.trackage)&c.6.708
Controlled PropertiesTotal main line
2 837 Minn. is Intern. (V. 77, p. 451) 175
Various branches
3,517 Other companies_ __
121

406,753
Minnesota and No. Dakota 21,253 Idaho
1.962.563
Wyoming
49,454 Washington
275,305
Montana
6,076.137 Oregon
Sales in 1913-14, 588.734 acres. Consideration. $3,458,379.
$107.acquired
FINANCES.-In 1904 Nor. Pac. and Gt. Northern had
612.600 of the 1110.839.100 stock of Chic. Burl. & 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. 72.0. 871. 1034, 1135; V. 73, p. 294. 610: V. 85. p. 601. In July 1913
sold 510,000.000 one-year 6% notes. V. 97, P. 118.
EARNINGS.-2 mos.,f 1914
Gross, $11,867,995; not, $4,229,774
July 1 to Aug. 31.
Gross, 12,491,454; net. 4.323,000
11913
REPORT.-For 1913-14 in V. 99. p• 1017, and "Chronicle" Oct. 31.
1911-12.
1912-13.
Years ending June 301913-14.
6,025
6,260
6,325
Average miles
$43,793,521
$52,270,686
548,058,812
Freight earnings
15,707,000 15,808,036 15,343.752
Passenger earnings
3,357,865
3.546,576
3,568,383
Other revenue from transportation
928,808
1,050,841
1,210,606
Revenue other than transportation

Total, Incl. 5 miles trackage
Total system June 30 1914 _7,004
(operated directly) _
6 354 Second track
636
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 By. 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
8300,000. with option of purchase any time for $7.000.000. V. 73. p. 610.
Owns jointly with Great Northern the stock of Spokane Portland & Seattle By., extending from Portland to Spokane. Wash. with branches;
total. 556 miles; additional properties being acquired in 1911-see that co.;
see V. 81,p. 1101; V. 83, p. 1111; V. 86, p 1530. The Sp. Port. & Seattle
owns the Oregon Electric and United Rye, of Portland. V. 91. p. 1178.
In 1909 arranged for joint use of Cos line. Tacoma to Vancouver. Wash.,
135 m. with Gt. Nor. and Un. Pac.: V 88. p. 1373; V. 93, p. 1030.
In Dec. 1911 arranged with Chicago & North Western fly. for through
passenger service between Chicago and the Pacific coast. V. 95, p. 1130.
In 1912 the Midland By. of Manitoba. formed in the joint interest of the
company and the Great Northern, obtained trackage rights from the Canadian Northern Ry. between Emerson. Man., and Winnipeg, 68 miles, for
20 years. with provision for 999 years. V.95, p. 298. 1129; V. 97.p. 1038.
HISTORY.-This Wisconsin company an 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.-Stockholders In 1907 subscribed for $93.000.000 stock at par.
1914.
DIVIDENDS.- 05. '06. '07. '08. '09. '10.'11.'12.'13.
i
7 7 7 7 7 7 7 7 1.15 .114, 18.1%
On common-(%) 7
Also Dec. 1908, 11.26% from surplus of N. W.Impt. Co, V. 8'7, p. 1238.
BONDS.-The Refunding and Improvement Mortgage of 1914 covers
6,271 miles of road,on 847 of which it is a first lien. Ills an open mortgage
and not limited to any specified amount, but the bonds at any time outstanding are limited to three times the outstanding capital stock, now
amounting to 1248,000.000. When the amount of bonds issued thereunder
(bearing interest at rates to be fixed) reaches 5500,000,000, further issues
must be limited to 80% of the cost of property placed under the mortgage.
Bonds of any series may be made redeemable before maturity or convertible
at the election of the holders into capital stock on terms and dates to be
fixed. Of the bonds, $421,492,500 are reserved to retire, $ for 3, prior
bonds (including Nor. Pac.-Great Nor.) joint bonds, at or before maturity.
Coupon (5) bonds will he in denominations of $100,$500 and 11.000. and
registered bonds in 51,000, 55,000 and $10,000 or any multiple.
In July 1914 $20,000,000 Series A 415s were sold to retire 510.000.0006%
bonds and on account of improvements, redeemable as a whole at 110 and
int. on or after July 1 1919 at 110 and int. V. 99, p. 120, 271.
Abstracts of new prior lien and general lien mortgages of 1896 were in
V. 63. p. 1012-1019, 1072; see V. 99, p. 49.
Prior lien 4s purchasable with land sales at not exceeding 110
(but not subject to call), not over $500,000 cash yearly to
$111,852.500
be so applied. Total Issue. 5130.000.000: issued
463,000
Originally reserved, but no longer issuabie
7,497.500
Issued, but purchased and canceled_
7,887,000
bonds__
'and
West.
RR.
Paul
&
N.
P.
Reserved to retire St.
For new construction, betterments, equipment, &cunder
carefully guarded provisions, but not exceeding 81;500.000
2,500.000
per annum. Originally $25,000,000-still held _
Of the gen, lien bonds,$130.000,000 are reserved to retire the prior lien 4s
The St. Paul & Duluth Division mortgage secures $20,000,000 purchase
money bonds on the former St. Paul & Duluth, of which $9,215,000 were
issued to acquire the road, $5,283.000 are reserved to retire existing St. P
& D. bonds and the balance for improvements to the property. V. 70, p
1250; V. 71. p. 1167. The lands included In the grant of the former St, Paul
& Duluth are being sold and proceeds applied to purchase of the bonds at
not over 105 and int., or, if not purchasable at that price, then to betterments, improvements or additions to the mortgaged premises or equipment
therefor. To July 1914 52.473,000 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 1914.0,306.408 acres, viz :

Net surplus for year
$2,295,247 54.203.518 $2,303,814
DIRECTORS.-William P. Clough (Chairman). Jule M. liannaford
(Pres.). Arthur 0. James, George F. Baker, William Sloane, J. P. Morgan.
Lewis Cans Ledyard, Charles Steele, James N. IIIII, A11109 Tuck French.
Wm. S. Tod, Thomas W. Lamont. Geo. F. Baker Jr.. Payne Whitney.
Grant B. Schley. N.Y.office, 34 Nassau St.-(V.99,p. 604, 1047.)
NORTHERN PACIFIC TERMINAL CO. OF OREGON.-Owns terminals
on the Willamette River. Ore., at Portland, East Portland and Alblna.
m. track, dock frontage 7.904 feet.
comprising 270 acres land.
LEASE.-Leased for 50 years from Jan. 1 1883 jointly and severally to
Northern Pacific, Oregon By. is Navigation and Oregon is California. with
guaranteed rental to pay interest, sinking fund and taxes: leases assumed
In 1899 by new Nor. Pac. and Oregon RR. & Nay. V. 69. p. 230.
STOCK.-Stock (13,000.000) owned by said three companies (40% by
Oregon
is Nay. Co.. 40% by Nor. Pac. and 20% by Oregon is Cal.
Ity'held by Central Trust Co. of New York, to be delivered after
RR.), and
payments to the sinking fund, which is to cancel the bonds.
BONDS.-The first mtge. Is for 85.000,000: In Aug.1914 $4,323,660 had
been issued, of which 51.208.000 retired by sinking fund drawings at 110
and Int.-(V. 95. p. 176: V. 96. p. 203: V. 97. p. 176: V. 98, p• 237.)
NORTHERN SECURITIES CO.-In 1904 the U. S. Supreme Court declared the company to be a combination In violation of the Anti-Trust Act,
and 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 13.954.000. the par value of shares to remain at $100, representing
the remaining assets in the treasury, pending completion of dissolution.
V. 78, p. 1223. 1275, 1392. Report for cal. year 1913 was in V. 98, p. 302.
DIVIDENDS.-On stock as reduced 5% yearly 1906 to 1908; 1909.
Jan., 4%: 1910, Jan., 214%; 1911, Jan., 4%; 1912, Jan.. 3%; 1913
and 1914, Jan., 2%. V. 93, 0. 1600.
OFFICERS.-Pres., James J. Hill: Sec. and Treas., Nicholas Terhune.
Office, 26 Liberty St., N. Y.-(V. 98. p. 302).
"NORTHWESTERN---See Chicago is North Western By,
NORTHWESTERN COAL RY.-Allouez Bay. Wis., to Allouez Jet., Wis..
'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. See
official statement. V.71.13. 698. Can.stock, 11,000.000 For veer 1912-13,
gross, $273; op. def., 32.144; other income (loss). 31.600.-(V.71, p. 698.)
NORTHWESTERN PACIFIC RR.-(See Map Atch. Top & S. F.)Operates a system extending from Point Tiburon and Sausalito. Cal
(whence ferry to San Francisco, 634 miles). northerly to Eureka, with
branches, 401 miles In all. Incorp. Jan,8 1907 in the interest of Southern
Pac. and Atoh. Top. is San. Fe, which each owns $17,500,000 stook, and
took over by consolidation the Cal. is N. W., the San Fran. is Nor. Pao.,
North Shore RR., San Fran. is Northwestern, Eureka is Klamath River
and Fort Bragg is Southeastern. A connecting line of 106 miles built from
Willits to Shively. V. 95, p. 111; V. 96, p. 1489.
BONDS.-San Fran. is North. Pao. Sc Issued at $25,000 per mile; s. f.,
$25.000 yrly.: bonds drawn at 110 and int. (mtge. abstract. V.49. p. 241.)
Of the 1st and refunding 415s of 1907 (535,000,000 autb.), $17,639,000
was outstanding June 1914, all owned by Southern Pacific, and $5.534,000
had been authorized by the Cal. RR. Commissioners, but wa.s not yet issued; the mtge. reserved 56.676.000 to retire a like amount of underlying
bonds, $5,000,000 for impts. and equip. and $13,324,000 for branches or
extensions. Incl. one from Shively to Willets and from Wendling to connection with line from Ukiah to Tiburon and Sausalito. V. 84. p. 221. 691;
V. 85. p. 222; V. 96. p. 1773: V. 98. p. 1316.
EARNINGS.-2 mos., ,914
Gross, $833,243; net, $366,826
1913
Aug. 31.
Gross, 842.443; net, 400,727
3
.11u
.ne 3 1914. gross, 83,872,086; net, after taxes, $1.Fjourlyyea1rW
035,874; fixed charges, $708,394; bal., sur., $327.480.-(V. 99, p. 1215.)
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, Sm.;total. 71 miles. Stock. $100,000




Total operating revenue
Operating income (over taxes)
Other income

568,544,801 572.676.139563.423,926
$22,346,984 524,312,633 $21,839,101
5,031,844
4,625,873
5,639,674

Gross income
Rentals paid
Interest on funded debt
Dividends on stock (7%)

827,986,658 828,938,506 $26,870,944
$526.320
3537,303
$611,894
6,680.810
7.719,517 6,837,685
17,3E0,000 17,360,000 17,360,000

OCT. 1914.1

103

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

$100
72
Norwich & Worcester-Preferred stock 8% rental-1.000
igi
Bonds (not mtge) Int guarunder lease.cur __zo&r
500 &o
1902
Norwood & St L-1st M $300.000g red 110 1912--Eqx
RR-lst M $5,000.000
Ocean Shore RI
100
10
of N J) _
Ogden Mine
-Stock (5% rental Central
R-R
Ogden sburg &
ke Champlain Ry-See Rutland
1.000
9 1903
_ _SW
Ohio Conn Ry-Ist M $2000.000 g gu (text)
1,000
26 1896
Ohio & Kentucky-let ti gold sk fd call at 110_Ce.z0•
z
1899
15-year debenture certs ext in 1914 at 6%Ohio RR.
&
Bait
Ry-See
Kanawha
Ohio & Little
Ohio River-See Baltimore & Ohio
1.000
111 1902
gold _F
Ohio River & Western-First mtge $600,000
100 &c
25 1913
text
Oil Belt Ry-lst M $2.500.000 g red
Oklahoma Central-Common stock $1,500,000
200 &c
Col-Ye*
First mortgage $1,200.000 red Par
500 &c
Income bonds $1,500,000
100
Old Colony-Stock 7% guaranteed by rental
zr
1,000
iAgA
Bonds not mortgage
&o
gold_zo•&r
1,000
1894
43,000.000)
(auth
mortgage
Bonds not
se dir
1895 1.000 &c
Bonds not mortgage
soea
1902 1.000 &c
Bonds not mortgage
57 1906
Opelousas 0 & N E-lst M $5,000,000 g gu(text)_Bax
670 1887
1.018
Oregon & Cal-1st Mg drawn at 100 gu p & I_Un.zcs
.000
600 1882
Oregon Short Line RR-First mtge (Ry Co) g _ _ _zoo
1.000
477 1878
Utah & North let M ext 1908(V 86, p 141)
1,000
477 1886
Cons M gu $15,000 pmsf not drawn g __AB.zo•
500 &o
Cons let M $36,500.000 g (1st M on 400 m) (Laos 1,479 1897
Eq.xe•eir
1904 1,000 &o
Ref Di $100,000.000 g gu red (text)
500 &13
1897
Income bonds Series A 5% non-cumulative----0Bz
Series B non-cumulative
1897
Gz
500 &o
do
1910 1.000 ?so
First & cons M $150.000.000 g red text-Ce.xo•

Amount
Outstanding

Rate

$3.000,000
1,200.000
300.000
See text
450.000

8
4
5g

O-J Oct 1 1914 2% Mech. Nat Bk, Worcester
M & S Mch 1 1927
Company's office. Boston
A & 0 Apr 1 1932
City Nat Bk, Watert,NY

5

J

1,970,000
250,000
175.000

4g
5g
6

M & S Sept 1 1943
J & .7 July 1 1926
J & D June 1 1919

When
Payable

&

Last Dividend Places Where Interest and
and Maturity
Dividends are PariahIs

J July 1914 235% 608 Chestnut St, Phlla
Farmers' L & Tr Co. N Y
1 Broadway, New York

4g
Hambleton & Co, Bait
600.000
& S Sept 1 1952
Ft Dearb Tr & S B. Chic
5g J &D Dec 1 1943
500.000
1,500,000
5g F & A Aug 1 1934
1,200,000
New York
1,500,000 up to 6
20 years
22,294,000
7
14--J Oct 1 1914 111 Treasurer's Office. Bost
do
do
4.000,000
j & J Jan 1 1938
4
do
3.000,000
do
4 g F & A Feb 1 1924
do
do
4
5.598.000
J & D Dec 1 1925
do
do
1,000.000
334 J & J July 1 1932
5g M & S Mch 1 1956
Bankers Trust Co, N Y
1,143.000
Southern Pacific Co. N Y
17,745.000
5g J & J July 1 1927
14,931.000
165 Broadway, NewYork
6g F & A Feb 1 1922
do
4,991.000
do
4 (7) J
July 1 1933
5g J & jJuly 1 1926
do
1.797,000
do
5g
do
12,328,000
do
& J July 1 1946
See text
do
do
4g .7 del) Dec 1 1929
do
x292.500 5% in SePt1914 July 1 1946
do
do
x25,000 4 in 1914
do
July 1 1946
Oct
See text
.7 & D Dec 1 1960

x Amounts held by public.

Dividend, 6% paid yearly Dec. 1900 to 1902,• 1903 to 1905. 6%: 1907 and
1909. 4%; 1910, 5%• 1911 and 1912,6%. 'Year 1913-14. gross. $122,925;
'
gross, $111,605; net, $29,057; other income,
net, $30,635. In 1912-13.
$2,401: interest, rentals, &c., $27,194; balance, surplus, $4,264.
NORTHWESTERN TERMINAL RY.-Owns terminals covering 36 acre.
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 50 years
from Jan. 1 1914 to Denver & Salt Lake RR., which owns the $3,000,000
stock, rental covering interest on bonds, operating expenses and taxes.
V. 98, p. 913. Bonds ($3,000,000 auth. issue) are redeemable to July 1
1916 at 105 and int.; thereafter at 1023. V. 89. p. 994; V. 90, p. 503.
Denver Laramie & N. W.also uses facilities.-(V.98. p. 913.)
NORWICH St WORCESTER RR.-Owns from Groton. Conn., to Woroester, Mass.,71.04 miles. Leased to New England RR. for 99 years from
Feb. 1 1869(now N. Y. N.H.& H.);rental8% on pref.stock.-V.70,p.125.
NOR WOOD de ST. LAWRENCE RR.-Norwood to Waddington. N. V.
20 miles, Incl. extension, 13 m., opened July 1909. Stook, $100.000; par
of shares,$100. Bonds are subject to call at 110since April 1 1912. V.95.
p. 1542. Year ending June 30 1914. gross. $83.975; net. $26,426. In
1912-13, gross, $98,193; net. $37,148; bond int., $5,000; other int. and hire
of eq.uip.. $17,874; divs. (5%). $12,500; bal., sur.. $1,774. Pres.. John
Weekes; Treas., Francis M. Hugo; Sec., Robt. J. Buck.-(V. 74. p.
1090; V. 95, p. 1542.)
OCEAN SHORE RR. CALIFORNIA.-Owns partly constructed road;
double-track, to extend'from San Francisco, Cal., to Santa Cruz. 80 miles,
of which 38 miles south from San Francisco and 15 north from Santa Cruz
Is completed, leaving gap of 2634 miles. Incorporated Oct. 9 1911 as successor. of Railway Co. foreclosed Jan. 17 1911. Stock, $5,000,000. of
which $3,856,950 outstanding Apr. 1914, given to bondholders of old co. in
exchange for their securities. V. 96, p. 1229. An assessment of $10 per
share, which produced $388.000, was levied early in 1913 and ail debt paid
off; $5 per share levied, delinquent June 6 1914, sale day Aug. 4. V. 98.
p. 1460. The stockholders on January 5 1914 authorized an issue of
$5,000,000 bonds. The application to issue $200.000 bonds to electrify
road between San Francisco and Halfmoon Bay was withdrawn in Sept.
1914. V. 97, p. 1505; V. 98.0. 236. 611; V.99, p. 748. Earnings for cal.
year 1912 were: Gross, $272,162; net. $47.188; deductions. $28,406;
bal.. stir., $18,782. Pres., F. W. Bradley; V.-P. & Gen. Mgr., John G.
Sutton; Sec. & Treas., J. W. Crosby. Office, 52 11th St., San Francisco,
Cal.-(V. 98, p. 611, 1460; V. 99. p. 748.)
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 ann.on stock and $500 yrly.for org.
OHIO CONNECTING RY.-Owns bridge over Ohio River near Pittsburgh, Pa., and approaches, 9.07 miles. Leased from Oct. 20 1890 for no
definite time to Pitts. Cincin. Chic. & St. Louis Ry.; rental, net earnings.
Stook 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 1914 owned
the entire stock. Form of
guaranty, V. 81. p. 669. Divs, In 1906,_ 5%; 1907
to 1913. 7%. For cal.
year 1913. gross, $496,572; net, $244,052; other income
$80.960; div.(7%).$140.000; sinking fund. $9.707; bal $91.295; charges
$104 679
(V. 82. p. 752.)
OHIO & KENTUCKY RV.-Owns from Lex. di East. Ry. at Jackson
Ky.,to Malone,39 m., Incl. 7 m.from Cannel City to Malone, opened
June 1
1911. and 6 m.from Malone to Licking River, completed
Jan. 1912. Common stock. $200.000; pref. stook, $100.000. 1st M. bonds
are guaranteed
by Kentucky Block Cannel Coal Co. Year ending
June 30
oss,
$70.640; net. $24.578; imt., taxes, &c. $30.782; bal.. def..
1913,g
$6,204.r In
1911-12, gross, 1181.877; net. $16,444; int.,
. taxes,&c.,$27.819; def 811.375.
Pres.. W.deL. Walbridge. 1 Broadway, New York.
-(V.98. p. 1.
6954
OIL BELT RV.-Owns Bridgeport to Oblong. III., 25 miles. and is being
extended 80 miles, making a total of 105 miles from Charleston to Mt.
Carmel. III. Incorp. in Illinois in 1910. Steam and gasoline electric cars.
Stock auth., $2,500,000,• outstanding, $525.000; par. $100. Bonds 02.500,000 auth. issue; Fort Dearborn Trust & Savings Bank.Chicago.trustee).
of which $500,000 cover first 25 miles; future issues limited to $20.000,
per mile, completed, incl. equipment: $400.000 reserved for not exceeding
90% of cost of improvements. provided net earnings are twice int. charges.
Red. at 105 on and after Dec. 11918. V.96. p.286. Pres., W.E. Finley;
Sec.-Treas.. T. M. Mooney. Office. Bridgeport. III.-(V. 96, p. 286.)
OKLAHOMA CENTRAL RR.-Owns Lehigh, Okla., to Chickasha. 128.45
m.; branch, 1.92 m.; leases Ada Terminal, 1.86 m.• Chickasha Terminal.
. of Railway of same
3.44 m.; total, 135.67 miles. Successor Aug. 1 1914
name foreclosed July 311914, per plan V. 98. p. 1845.
The Atch.Top.& Santa Fe or one of its subsidiaries has leased the road for
5 years from Aug. 1 1914 with privilege of renewal for another 5 years, the
lessee to pay for maint., taxes, &e.. $60,000 yearly the first 3 years,
$77,500 the 4th and 5th year and $110,000 per year if lease is renewed.
The committee will grant an option to the lessee to purchase all of the income bonds and stock of the new company (a) during the first 3 years of
the lease for $800,000: (b) during the 4th and 5th years for $875,000, and
(C) if lease is renewed,during the next 5 years for $950,000, which amounts
'would represent respectively about 252-3%. 29.16% and 31 2-3% for the
old let M. bonds. As the rental to be paid during the first 3 years will
cover only interest on the let M., no interest can be paid on the income
bonds; after 3 years, the excess rental can be applied toward the income int.
V. 99. p. 408.
For 9 mos. ending Mar. 31 1914, gross, $212,543; net, $23,955; taxes,
$18.995; int. on receivers' certs., $25,920; hire of equip,$19,445; bal.. def.,
$40.405. For year ending June 30 1914. gross, $252,806; op. def.. $2.859.
In 1912-13, gross, $292,429; net. $42.114; taxes, $20.998; int, on receivers'
certs.. $33.352; hire of equip., $20,412; def., $32,637.-(V. 98. p. 1994:
V. 99, p. 49.121. 199. 408, 467.)
OKLAHOMA PACIFIC RR.-V. 98. p. 611.




OLD COLONY RR.(MASS.)-Owns road from Boston to Provincetovm.
Mass., Newport, R. /., &c.. 533 miles; leases 101 miles In June 1907 a
bill was passed permitting purchase of Boston & Provide nee (leased line).
LEASE.-In 1893 leased to New York New Haven & Hartford for 99
years. Of the stook, $9,813,200 was on June 30 1914 held by the lessee.
The lease provides for dividends of 7% per annum on stock not exchanged.
V.76. p. 247, 374; V.93. p. 1726. 1789; V. 94,P.68.-(V.96, p.286.)
OPELOUSAS GULF & NORTHEASTERN RR.-Owns 57 miles from
Melville to Crowley, opened Oct. 2 1907. Stock authorized, 42.000.000
of which Tex. & Pao owns $1.400,000; par of shares. $25 Bonds authorized. $20.000 per mile; will be guar. by Tex. de Pao. as issued
The 41.143.000 bonds issued are all owned by the Tex. & Pee. V. 82. p. 98: V.83. p,.
688; V. 86. p. 792. S. P. B. Bert, Opelousas,La. 14. Y. office. 165
Broadway.-(V. 85. p.
OREGON & CALIFORNIA RR.-See Map Southern Pac.)-Portland.
Ore., to California State line, 367 m.; Albany Jot. to Lebanon, 11 m.; Portland to Corvallis, 96 m.; Woodburn to Natron, 95 m.; Portland, Ore., to
Airlee, Ore., and branch, 81 in.; Mohawk Jct. to Wendling. 16 m.; Salem
to Greer. 7 m.: Springfield to Springfield Jct., 1 m.; leases 11 m.; trackage
1 so.; total, 684 miles.
LEASE, &c.-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.
Betterments are payable by lessor. South. Pao, owns all but $48,000 of
the $19,000.000 stock. $12,000,000 of which is 7% pref. V.72,0.287. Due
So. Pac. June 30 1913. $2,638.778. Litigation, V. 88, p. 376; V. 92, P.
1243: V. 96, p. 1298; V. 97, p. 666.
BONDS.-Land grant acreage unsold June 30 1913, 2.344,436. part being 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 printed on each of the 5% bonds. See V. 63. p. 754.
EARNINGS.-Year ending June 30 1913. gross, $9,034,664: net. $3.559.648: other income, $6,037; int., taxes. &e., $2.189,231; bal.. sur.,
$1,376,453.-(V.88,9. 376; V.92. p. 1243; V.96, p. 1298; V.97. p.666.)
OREGON SHORT LINE RR.-(See Map Union Pacific.)-Granger, Wyo.
to Huntington. Ore.. 542 miles; branch to Ketchum, Ida., 70 in.; Ogden to
Cache
McCammon, Ida., Ill m.; Pocatello to Silver Bow, Mont., 256
m.•.sundry
Jct., Ida., to Preston. Utah., 51 m.; Ogden, Utah, to Sandy,49 so,;
branches, &o.. 711 m.; Butte to Garrison. Mont.. 57 m.. owned, but oper.
by Nor. Pac.; leased from Ore.-Wash. RR. & Nay. Co., 95 rn.•, leases
Central Idaho RR., Richfield to Hill City, Ida. 58 m., and Salt Lake &
Idaho RR.,Burley to Marshfield,Ida..9 m.;trackage. 11 m.; total. June 30
1913, 2.020 miles. Teton branch. Ashton, Ida., to Driggs. 37 m.. opened
Dec. 1912, and branch Shoshone, Ida., to Hill City. 73 miles,in Jan. 1913.
In Jan. 1913 acquired the Idaho Northern By.,Murphy,Ida., to Montour.
Ida.. 73 miles, and under construction from Montour to Payette Lakes,89
miles,of which 42 miles to Smith's Ferry completed Oct. 1913. V.98.1).136.
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 an Pedro
Los Angeles & Salt Lake By., the Short Line acquiring a half interest In
San Pedro L. A. & S. L. V. 79, 9. 1705; V. M.P. 919, 1356: V.77. p.38.
HISTORY.-Successor March 16 1897 of the Oregon Short Line & Utah
Northern Ry.,foreclosed per plan in V.62, p.504,505. Controlled by Un.
Pao., which holds nearly entire capital stook. See also bonds below. V.84.
P• 52. 572, 932. In Sept. 1914 sold 45.696.475 stock and $993,000 bonds
of Utah Light & Ry., Salt Lake City, V. 99, p. 971.
CAPITAL STOCK.-Stock, $100,000,000, all in the U. P. treasury
V. 91, p. 871; V. 93. p. 1387, 1669.
BONDS.-First consols. $22.029.000. werereserved to retire old bonds.
Series A Incomes, non-cumulative 5 per cents, have received: In Sept.
1897,4%;Sept. yrly. since. full 5%. at N.Y. office or Old Col. Tr.. Boston.
The Ore.-Wash. RR. & Nay. Co stock is now pledged under the 4% refunding mtge.-see below. The U. P. RR. Co. owns all but ;25.000 of
the income B bonds Series B received in Oct. 1898 3% and in Oct. 1899
to 1914 incl.. 4% yearly. V. 65. p. 572; V. 66. p. 1141.
The Union Pacific and the Oregon Short Line own all but $292,500 of the
$7.185,000 original issue income A bonds and the U. P. all but $25,000 of
the $14,841.000 B bonds.
The ref. gold guar. 41 (collet trust) of 1904 (authorized issue, $100.000.000) are subject to call at 1O2},. The bonds, of which $45,000,000 were
sold, secured by pledge of $27,57.000 San Pedro Los Angeles & Salt Lake
48, $7.206.400 Baltimore & Ohio pref. and $16.425,400 corn, stock, $12.000,000 N. Y. C. & H. R. RR. stock. The collateral may be replaced by other of equal value. See abstract. V. 80. p. 2403: V. 70. P.
2086; V. 80. p. 1913; V. 96, p. 1424.
Of the 1st and oonsol. M. bonds (5150.000.000 auth. Issue, interest limited to 5%). $34.422,000 will be reserved to retire underlying bonds and
124.000,000 Ser. A 4s which were Issued for corporate purposes are In the
U. P. treasury; Ser. A are subject to call as a whole at 105 beginning Dee.
1915, other series on such terms and at such times as the directors or exec.
comm. may fix. None sold to Oct. 1914. V. 91. p. 1512; V. 92. p. 1179.
EARNINGS.-2 mos.,J1914
July 1 to Aug. 31. 11913
Gross
r°ss: $3:7845
84:381
82i
6
1 $1.
'
653
7'.3
79
45
1
For year ending June 30 1914. gross, $22,005,593; net. $9.837.645AnIn
1912-13. gross. $22,019,856; net, $10,590,054. In 1911-12. gross. $20,695.358; net. $10,354,746. In 190-11. gross. $19,883,467. agst. $20.822,846;
net. $9,494,412. east. $11,280.384; taxes, $846.046: other income, $13.807.527; int. on bonds, &c.. $8,856.965;„bal„ sur., $13,598,928.-(V.
96.
p. 136, 1424.)
OREGON PACIFIC & EASTERN RR.-Cottage Grove to Disston,
20 m.. branches, 4 m. Successor Jan. 1914 to Oregon &
RR.. foreclosed. V. 90, p. 1297. In 1914 filed a mtge. forSoutheastern
Union Tr. Co.. San Fran., as trustee,for impts. V.98,9. 237.$500.000 to
For year ending June 30 1912 (old co.), gross.
op. def.,$2.101:
Mt., taxes, &c. $27.226: bal.. def. $29.327. In$31.710;
1910-11:gross, $39.12g
98
.129
ec.
:
net. $12,689. '
Pres. G. B. Henget', Monadnock
.98.p.237.
;
J. B.Protzman;Tress,,A.B.Wood,Cottage Grove,Ore.-(V,

rrett:

0}31.15 Cl'

aenuingtat
South Vernon.

righton
Newark
Caledonia
Car
JOT+ s

--IZOrth A1.1817EI3

Lyons
Auburn

\
Pt

-

JO.
New Sarumrbu"
'
e7

Pt.Burwe

7 Ithaca
Watkins

#1Si
f'
4
4
" D

1/ Bair
"

Speller
Horse H ads
.10.
0 Rio&
0.

Addison
olivar
a:reu-Cee:ifie
•—
-BEE
.
r7r
ifftA
Port Al e any
CouslersPort

'
NE21E--v;LATJ
Tf<ONViLLE
isesvti(eTiTUSVILLE
Meadvgl
, is
no.°
masa
sot° HI°

Gal

„3 rule.
z.,Ralston.

Clareudolk
Sheffield
NNSONBURG
Olt CITY
VTILLIklill

O•

(
RIDGEW
LIILLVILLE R

EAS ON
.7

Pennsylvania Railroad
System.

• 1/3
11:N
T17.
1fr
LLOW CREEK
t. Calot

L.1ERAOELPNIA
K NEY7
Swobv3K uk,

13.2.6s.
RA&TIN

URG •
marsh:.

5' 74

•

61ounlayMe

HPOKESTOWN
IllbeT18.11A

014„,

to
s•

°

o.
Harrisville
W

Westuu




MARTINSBUR

o. ti raftou•

ennsboro

a•
Maaarlan

pr.

WINGS:/13TE%
J

Fairfa.<
S
\.13elington
a_
Buckhannou

Mapleton

Horton

Strasburg Je7
Riverto

O.

NEGAT CITY
pr.f4rd.

„AflillOver
YNE SORO

TE LINC

—"Green

(EASTERN

SBURniYIP 05515
YORK
osro
A:INLSABIOtoll oJeC•
g
•

41` alcoswoso
8E0 IAT.DALLAS ;
.0&& CHAMBE& SEWRO

...V..
VOIELINO
'OCR 5000

IdejalFiferS:b";:-rEg

ERICK
redn!t.l.

MEN
_
& & 5.
•
BALTIM
London Par
0,Annapolis Jo.
4
. Ode 00

sEcriorr.

nbaquIS

sterliiwu

Ott-c Lake
lit.hforris Jo.
Flint

!Anton Jo.
raudvill

(WESTERN SECTION.)

SKE0011-JC.

London
Lapeer

Owosso
Duran

loots

je St Thorne
Osford

Rol hood

PL,Stanley

'f'161 -.1C44

Clilloerl
Vassar

Pennsylvania Railroad
System.
Galena

Charlott

Ilegan

T4

aledon
B
elvidere

South Ha

Grand Jc.

Monteith

I om

Crystal L.S
tford

47,
Elgin

urgh

Sycamore Si.Charles

etro•

uu Arbor
Pittsfield

arshall

Benton Hue
Clinton

I mouth

tle Creek.

Ypbil
Inc ii

lorries Mancheste

St.Jo

OBIT°

Carlto

AOI
Batavia
ry
cry

Denrock
Amboy
Ilendot

ock I-lan

TM EN
thho t

Earle V

u Jc.

•OUT
Aubur:n

Seneca
Maoo

‘V.d.:;fra011

Garda r

Morley
RLINGTO
'
Nli
Lida sob

frigdo
WA
LA OAR ELu•don

itSIshile

.Milford
La Pas Jc.
e,

Galva

8

Ile

Joliet

B

Three H errs

D fl nee

y
Can,

it
ot.000

RV

PECRI

WN
erris T

,
•
Specer
n ,
Mercer
' I Celli

Facto

Renton
ason Cy
Beard T.
etersbur
Virgin(
Ashlan

'eon yc

avant. Jo.

Al ROA

Re Key
d ia
,MUNCIE

tt ea

anstlel

oftvg‘'-1-1
crab

White

g

jr;

men

1 1401AhA v

DECATU
uville

HER

C

yr
War ly
Virden

V.
Lov gin

•

is

Taylor . Sullir
"

Girard

rough

Windsor
Tower II 1
wartsan
Cowde
S umw

,Ramse

C
OF 7.41UNO.

PARIS

ISPR

a'Walla
Smithboro

Newton
Edgewood

Robinson

Pa
toioa
•
"6

- s?
x

Serctlioatle Jo,4."
•

Franklin

',Shclbyvle

(,

I
t.‘ /
0'
AtkILTO
•Greens
I-E ?":P
4'A...,

• WOrthfOgto
SwitE Cy.
BUSHRO

St.Pet

V
Seymour

OLUMBU
444..e:4lle"
.41A 6)'.7
4r9,
REAJ:
L L
ein:B
"
..10.
a
<90
/ C.
CTN,
-91N N ATI
Illt.Cum.
Vona Vernon

Bedford
P•
Sande,a

VINCENNES

CentrallaV'Branch

//COLL/Mau
SFIELD
Ra•

INDIANAPOLIS,

sPe:jt°'

.IDOghum
Alta Iota

Gt.;af on

•
S .L0 U IS
ST. OUIS
N
.
000kdk w
9,
--0 Fallon
.de4I
1e r
i
i
r iBernie
t

n

Mitchell

AIADISON

•

• BLOB )d
B ak Have
O

ellefontain
,Delaware
0Muliyat
7
Ceuta

010L

Cr„b
ity

Br100

Mike a7

RIOGSVILLE
Ce4'
C‘S1 SHoe

Canton
BAYARD

Wont
w yYRt"
Ratios/s.
w.LOUDbNVILLE

Kent°

Port11s

Fay to

Alvk

Lincoln




eeto,A

te
L keton
Grave

Morton
Mackinaw

Jac

Bu
0.

Rock

cob net

Quincy

owling G een

t.Verno
9 Warsaw
Centrebu-gh Cos.-fo° To
TIRSIBWAY
N,...•04, GO'

Neecome stows

Cambridge
..auesville
Pleasant
City

Glenford

‘r.

oudou
S uth Charl

w. Or.
w-Lexinaton
kufctir Cy.
be0//
Oreville 18
,"'""
\ICorniug
cleville Logan
Su w Fork c.
MAR1ETT
Kelso V
•
ans
Greenfield
a•
Culllicothe
Athea
cy,
licArtnur Parker
Bake ,sJc:,̀
...
In
Macfarlau
Milliner°
tsloaz.rnd
u uenlJe.romeroy
Byers Jo
Weveri.
IA

Sardinia

tv

- Bremen
ncastet

Jackson

-se Georgetown
New-ilim''d
0
4,0

Pt.Pleasant
44/

.Francis V.
Ironton
Ift.Cannej

id

'

aft.Veruo
Guyaudotte

Ire
Odell 0

SCENTOff (INV SNOWS AVAVIIVII

repport
-RSE
CY-

106

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
For abbreviations. &c., see notes on first page]

Miles Date
Road Bonds

_ _ ____
auth_
Oregon-Wash RR & Nay-Corn stk $50,000,000
Ore RR & Nay oons(novr 1st) $24,312,800 g _..N.xe• 1,133 1896
1
&
p
&r•
red
Text
105.F.xo•
gu
1911
g
1st &ref M $175.000.000
35 ____
Oswego & Syracuse-Stock 9%, guaranteed D L & W
35 1876
Consolidated mortgage (guaranteed by D L & WI__
35 1883
Construction mortgage guar (for $1,000.000)....F.x
Ozark & Cher Cent-See St Louts & San Francisco
--- 1909
Pacific & Eastern-tat M gold redeem text --Cola
___ 1912
Pacific Great Eastern-lst M 4% gear deb stock
76 1899
Pacific & Idaho North Ry-Ist M g s t 1% yly -U.zc
76 1907
Ce..zo
2d M $3,000,000 gold
--- 1914
Paducah & Illinois RR-1st M. $10,000,000__
Pan-Amer (Mex•Guat)--See Nat. Rys.of Mexico.
Paragould Southeastern-See St Louis Southw By
53 1912
FC.xc•
Paris & Mt Pleasant-lst M g red text
14 ____
Paterson & Hudson Riv-Stock 8% rent NY L E& W
14 --- _
Paterson & Ramapo--Stock (rental guaranty)
--- ---Pemigewasset Valley RR-Stock (rental guaranty)
Tr
Pennsylvania RR--Stock auth $600,000.000
kv.r
974 1879
Consol mtge ofI Gold registered bonds
kv.o
974 1879
1873 secures Gold coupon bonds
974 1893
Gold coup s 1 1% not dr ____kv.c•
all equally
974 1895
Steri (s f in 1900) not dr_kv.o•r&r•
G. P.
kv.o•r&r•
974 1908
Gold or sterling
kv.1
- 1881
Bonds (P W & B stock as collateral)
kv
--- 1908
New York Phila & Norfolk stock trust cert
Gold bonds redeemable (text) convert --011.kv.o• - 1905
---Proposed general mortgage (text)
Bonds of Cos. Merged in Pennsylvania RR.
307 1869
Philadelphia & Erie mortgage (now first) gold-k.o
($5,263.000 are 5s) -__k.r
307 1869
do
do
43 1878
Minh Has & Wilk first Series A drawn at 100--go
zo&r
43 1878
Second mortgage income
56 1596
Sunb & Lewis first mtge $600,000 Pet I g ..CluP.ve•

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. xeix
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

Office 165 B'way, N Y
;100 $50,000,000
New York and Germany
4 g J • & D June 1 1946
1.000 23.380.000
New York and London
4 g J & J Jan 1 1961
$ & £ 39,400,300
Del Lack& West RR,NY
414
1914
20
Aug
20
A
&
F
9
50 1,320,400
do
do
438.000 See text See text Matured
1.000
do
do
1923
May
N
&
M
5
668.000
1.000
Colum-Knick Tr Co,NY
6 g J & D June 1 1937
300,000
100 &c
Brown,S& Co,Lon&Vict.
4 Si J & J 15 July 15 1942
£1 &c 12.925.000
Guaranty Trust Co, N I'
5 g M & N Nov 1 1949
1,000
$860.000
Not regularly paid
1937
1
Feb
A
&
F
g
5
956,000
1000
40 Years
See text
First Nat Bk, NY & Chic
6 g J & J July 1 1932
600,000
1,000
J & J July 1914 4% Paterson, NJ
8
630.000
50
do
2%
1914
July
298.000 4 in 1914 J & J
50
mailed
F & A Aug 1914 3% ChecksPhiladelphia
6
541,500
100
Office,
114
1914
31
Aug
-F
Q
1913
in
6
50 499.265,700
do
Q-M Sept 1 1919
5g
1,000 3,493,000
do
do
5 g M & S Sept 1 1919
1,000 1,500.000
Farmers' I. & Tr Co. N Y
4 g H& N May 1 1943
1,000 2,5.3.000
England
London,
£200 4.491,000
314 g J & J July 1 1945
SI & N May 1 1948
4
$ or £ 39,400.000
Penn Co for Ins, &c,Phila
J & J July 1 1921
4
1,000 7.069,000
J & D June 11048
4
1.000 7.478,250
Am Ex lik, NY.PhIlaott
1915
D
1
&
I
Oct
g
314
500 &o 86.827.000
See text
Broad St Sta,Ph; & Lond
& 1 July 1 1920
6g J
1,000 8.680,000
Broad St Station. Philo
1,000 11.143.0004 g & 5 g A & 0 July 1 1920
do
do
1
May
N
1928
&
M
5
100 &o al.000000
do
do
M & N May 1 1938
6
100 eco 1.349.500
do
do
1,000
4 g J & J July 1 1936
500.000

a Including 1428.900 bonds held alive In sinking fu ad

OREGON-WASHINGTON RAILROAD & NAVIGATION CO.-(See border, 285 miles. Merged in National Rys. of Mexico in Mch. 1914,
Map Union Pacific.)-Owns from East Portland. Ore., to Huntington. which assumed the bonds. V.98.p. 1000.-(V. 98.9. 1000.)
Ore.,398 miles; Umatilla. Ore., to Spokane. Wash.,246 m.;Attalla to North
& MT. PLEASANT RR.-Owns Parts, Tex.. to Mt. Pleasant.
yawing, Wash., 98 m.; other main lines, 81 m.; branches. 902 m.; leased 53PARIS
miles. including extension from Bogata to Mt.Pleasant. 29 miles. opened
from Des Chutes RR., 95 m.: owned jointly with Chic. Milw. & Puget Sd. June 1 1913. Incorp. in Texas in Jan. 1909. Stock authorized, $75,000.
By.. 72 m.; trackage rights. 196 m.; total June 30 1913, 2.090 miles. Also
Of the 1st gold hs (12,000,000 auth. issue), 1600,000 have been sold.
owns 187 m. water lines. Has under construction and projected In Washing- against the present property t53 miles). Including terminals, rolling stock,
ton and Oregon a total of 3,474 miles. of which 2.462 in operation or under &o., the remainder being reserved for future construction. Redeemable
construction Nov. 1910. Spokane-Ayer cut-off opened Sept. 14 1914 on or after July 1 1915 at 105 and int. Sinking fund 5% of gross earnings,
or apshortens distance Portland to Spokane nearly 50 miles. V. 99, p. 538.
beginning Jan. 1 1915, to be invested In income-producing securities
ORGANIZATION.-Incorp, In Oregon Nov. 23 1910 and on Dec. 23 plied to redemption of bonds. V. 94. p. 1509. Loans and bills payable
1910 took over by purchase the Oregon RR. & Nay. Co.. North Coast By., June 30 1914, 567.306.
$49,763; other income,
and affiliated lines controlled by the Union Paciflo. V. 91. p. 1447. 1512.
For year ending June 30 1914,gross,$158.506; net,
Treas.,
1630. 1768. Stock auth.. $50.000.000; $49.998.500 owned by Ore.Sh.Line: $3,000; int. & taxes. $50,503: bal., sur.,$2.260. Pres., R. F. Scott:
1509;
V. 96, p. 1298.)
BONDS.-The 1st and ref. 50-year gold 4s (1175.000,000 auth. Issue) R. J. Murphy. Office. Paris, Tex.-(V• 94, P
Jersey
City.
Marion,
and
I.,
from
P.
are
U.
by
issuable
as
&
p.
dollar
Series "A"
bonds
are guar..
& HUDSON RIVER.-Owns N..1.. 14 miles; single-track.
(denominations 11.000 and $500 each) and Series "B" sterling bonds (£200 N.PATERSON
J.(south to Bergen Junction). to Paterson.
&c.) to
taxes,
for
55.000
for
road,
year
and £100 each). each series being redeemable (but not part of either series) Leased
per
in perpetuity (at $48.400
has built a second track.
at 105 on any Int. day on 90 days' notice. Sterling bonds are exchangeable
RR.,forming part of main line. Erie
for dollar bonds since Jan. 1 1913 at a fixed exchange of 1485 on pay- Erie
to New York
RR.-Owns from Paterson, N. J.RR..
RAMAPO
&
PATERSON
bond.
£100
£200
to which
per
bond,
$15
or
per
ment of $30
line of Erie
miles; single-track; part of main
The bonds are a first lien on about 567 Julies of road owned and a lien, State line. 141852
526,500. and which has built a
at
existence,
legal
during
In
various
rates.
subject to $23,380,000 Ore. RR. & Nay.4s, on 1.133 additional miles, on leased Sept.
at
paid
track. Dividends have been 1909-10. 6%; 1910-11 and 1906-07.
1911-12,
67 miles jointly owned and 139 miles of trackage. See V.92, p. 1500, 1566. second
in
in 1907-08 and 1908-09. 8%;J.).
Of these bonds, 25.000,000 were sold In May 1911 and $15.000.000 in 12%;and
-V.99, p. 49.
in 1913-14.4% (2% J. &
Nov. 1911. $23,380,000 are reseryed to refund the Ore. RR.45 and the re. 8%;
93,
1463).
p.
RY.-(V.
SOUTHERN
equipVALLEY
PECOS
maining 1111,620.000 for extensions, improvements, acquisitions,
ment, &c., as In V. 92. p. 1500; V. 93, p. 408, 1324, 1600: V. 04, p• 699.
PEMICIEWASSET VALLEY RR.-Plymouth. N. H., to Lincoln, N. E .
An abstract of Oregon RR. & Nay. oonsol. M. was in V. 63. p. 928.
23 m. Leased to Concord & Mont. for 6% on stook; op. by Bee. de Maine.
PENNSYLVANIA RR.-(See Maps.)-The system, as shown on the
EARNINGS.-Deo. 24 1910 to June 30 1911, gross 17.958.053; net
after taxes. 32.200.418;oth.Inc., $188.764;int.. rents. &o.. 32.084.708: bal.. adjoining maps, extends from New York City westerly, via Philadelphia.
Pittsburgh. Erie. Cleveland, Toledo, Chicago and Burlington on the
sun. $302,474. Year enclinci, June 30 1914, gross. $17,227,641, against
to
$5,502.402. agst. north and to Washington, Cincinnati, Louisville and St. Louis on the south.
$18,204,220 in 1912-13 and 16,298.681 in 1911-12; net,
or 2 mos.ending Aug.31 1914.gross,52.938.- The total system on Jan 1 1914 aggregated 11.644 miles, of which 3,881
$5,951,081 and 55.420.402.
533. against $3.226,252 in 1913: net, 51,212,911. asst. $1.038,097. miles represents the mileage, operated directly under the caption **the lines
east of Pittsburgh and Erie," and 3,097 the mileage,operated directly under
Pres., J. D. Farrell, Portland,Ore.-(V.94,p.68,699; V.99, p. 538.)
Oswego, N. Y to Syraouse, the caption "the lines west of Pittsburgh and Erie,'the latter being more
OSWEGO & SYRACUSE RR.-Owns from
renewals
and
charter
of
fully described under the title Pennsylvania Company and Pittsburgh CinN. Y.. 35 miles. Leased in 1869 during length
9% per year on $1.320,400 cinnati Chicago & St. Louis. The other lines are operated independently.
thereof to the Del. Lack. & Western RR.Co. for7%
matured
which
bonds
1438.000
The
bonds.
stock and interest on
East of Pittsburgh and Erie.
234
Mch. 1 1907 are held in treasury of D.L.& W.-(V.93. p. 1601.)
Main Line and Branches- Miles. Trackage
81
Philadelphia to Columbia. Pa__
REPORTED SEPARATELYOVERTON COUNTY RR.-See Tennessee Kentucky & Northern RR.
Ore., to Butte Falls, Phila.,Pa.,to New Bos Jot.,&o- 293 Phila. Bait. & Washington-. 698
PACIFIC & EASTERN RY.-Owns Medford.
462
owns all the $500,000 capital Harrisburg. Pa., to Pittsb., Pa_ 245 Northern Central By.
33 miles. The Spokane Portland & Seattle
307 West Jersey & Seashore RR*. 337
all the Erie. Pa., to Sunbury, &o
stock and also $185,700 Pacific Eastern By. bonds, the bonds andPort.
1.595
spurs
and
Branches
162
RR*
Valley
&
Cumberland
Spok.
the
under
deposited
being
shares
stock except directors'
395
Long Island*
Seattle mtge. Bonds are subject to can after June 1917 at 105. V. 94,
line and branohes.2,521 Balt. Ches. & Atlantic By
main
Total
88
For
51.637,428.
30
liabilities
June
1914.
Working
1621.
p.
p.1552; V.88,
Lines oper. by lease or contract78
Maryland Delaware S3 Virginia_
year ending June 30 1914, gross. $28,540; oper. def.. $12,160; charges, Har.
Ports. Idt.Joy.& Lan.RE•
2
Rosalyn Connecting
$113,284; deficit, $125,445.-(V. 96. p. 1840.)
to Harrisb..Pa.,&o 53 Philadelphia & Camden Ferry_
DillersvIlle
1
PACIFIC GREAT EASTERN R Y.-Incorporated in British Columbia United New Jersey 1111..• Tren--North
thence
to
Vancouver,
B.C..
Vancouver,
from
build
early In 1912 to
149
ton to Jersey City. &o
Grand total east of P. & E_ _6,426
26
along Howe Sound and northeasterly to Lillooet.on the Fraser River, thence Philadelphia & Trenton WV
West of Pittsburgh and Erie.
northerly to a junction with the Grand Trunk Pacific (with which a traffic Western New York & Penn*--.. 554
of
which about Connecting Railway*
REPORTED DIRECTLYagreement has been made) at Fort George, 480 miles.
37
Cin Chlo. & St Louis* -1.418
Pitts.
70 miles laid with rails September 1914. V. 95, p. 1332; V. 98. p. 524.
contract
Lines operated under
In 1911 was authorized to build an extension of 330 miles from Fort Belvidere Delaware RR•
81 Pennsylvania Company lincs*-1,679
George northeastward into the Peace River country through the Pine Phila & Long Branch RR____ 49
3,097
Total reported directly
River Pass and to the Alberta boundary; construction was to begin about Delaware River RR. 63 Bridge* 10
June 11914. V.98,9. 763. Stock auth.,$10,000.000(par $100). of which Other lines (inol D & R. Canal
REPORTED SEPARATELY568
lines*
part to be pref. V. 99. p. 1215. To be tax-exempt until July 1 1926
Indiana
&
Rapids
Grand
489
66 m and ferries, 2 m
Pacific Great Eastern Development Co., Ltd., V. 95. p. 1404.
92•
Vandalla RR
The Province of British Columbia guarantees as to prin. and int. the 414%
Penn. RR.statisties.3,969 Other lines (see Pennsylvania
In
Tint'
716
bonds or debenture stock on 480 miles of main line, due July 1 1942, under
Company statement)
Ltd.,
trustee; in Jan. 1914 £1.500,000
deed of trust to Dominion Trust Co.,
Total system Jan 1 1914 ---11.729
*See each company's statemen
883,
was offered, £1,375,000 having already been issued. See V. 96
ORGANIZATION,LEASES. &c.-The charter of the Pennsylvania RR.
V. 97 p'1840:
948. 1557; V. 94, p. 912; V. 95. p. 298, 481 1332, 1404: V
Company (see below) controls the
Pennsylvania
1846.
13
April
dated
was
on 330
a bonds or deb. stock.
V. 98. p. 1157. The Province also guarantees
its
west of Pittsburgh and Erie. the Pennsylvania RR. Co. holding all
miles to be builtfrom Fort George northeastward at $35,000 per mile. V.98, lines
In 1900 acquired most of stock and income bonds of Western New
p. 783. Office, Victoria, B. C.,Canada.-(V.98, p. 1157: V.99, p. 1215.) stock.
York & Pennsylvania and took a lease of the road. V. 72. p. 481.
In Mch. 1910 had acquired additional amounts of Norfolk ee West. stock.
PACIFIC & IDAHO NORTHERN R Y.-Owns Weiser to New Meadows.
p.763.
Idaho, 90 miles, an extension from Evergreen to New Meadows being and,it is understood,owned 51% thereof. V.90,p.628; V.98.
stook
from
New
In Jan. 1910 12,492,750 of the N. Y. Phila. & Norfolk 52,500.000guar..
proposed
RigMeadows
to
was
Extension
opened June 1911.
to buy the stock with 4% 40-year trust certfs.,
ging, 35 miles. Incorporated in Idaho Feb. 18 1899. Stock author- had accepted the offer
stock. V. 86.
on
RR.
basis
Penn.
of
&
p.
$1,000
by
$3,000
cents.
for
Bonds,
par
$100.
30
$2.929.800;
June
1914.
outstanding
58.850,000;
ized.
I.. V. 88. p. 631. In March 1912 the Penn. Co. acquired the Ohio
1590;
1st and 2d Ms. 13.000.000 each; see table above. Equipment obligations p
1014. Myer & Western By., Bellaire to Mill Run,0.. 111 m., narrow-gauge. with
outstanding June 301914. 1691. Loans and bills payable June 30
$53,981;
trackage to Zanesville. V. 94. p. 983.
net,
1-mile
$187.758;
gross,
1914,
30
ending
June
$818,011. For year
In Jan. 1913 merged the Cambria & Clearfield RR.. 399 m., all of whose
and Gen. Mgr..5.11.
Int., taxes. &c., 1154,687; bal.,def $100,706. Pres.
was
stock
owned. V.98.9. 286. In March 1913 acquired nearly all of the
B.
Treas.,
James
Norris;
Samuel
Counsel,
Gen.
and
Vice-Pres.
Ileigho;
stock of the Cornwall & Lebanon RR. On May 20 1914 merged HollidaysFord; Sec., John D. Carberry. Office, New Meadows, Idaho. New York burg Bedford & Cumberland
RR.,71 miles. V. 98. p. 1695. New JerseY
office. 1784 Broadway.
P. LT. Comm. disapproved lease of West Jersey & Seashore By. for 999
-V.97. p. 1204: V.98.9. 1994.
years from July 1 1913. V. 98.13. 948, 1090, 1489, 1772; V. 97,P. 238; V.
PACIFIC RYS.OF NICARAGUA.
Metropolis. 98, p. 691, 905. The lease of the Northern Central By. for 999 years was
PADUC %H & ILLINOIS RR.-Is constructing a line from
to build a double- put into effect Aug. 1914 after favorable end of litigation. V.99, p. 344.
111.,to Paducah. Ky..12 m.• and in spring of 1915 proposes
Ill., about 5.650 ft.
SECURITIES OWNED.-The total cost of these to Jan. 1 1914 was
track steel bridge over the Ohio River at Metropolis,long.
To be owned $333.960,825:
many of which are pledged to secure Pennsylvania issues.
long, including approaches, the spans being 3,200 ft. the Chicago
Burling- Revenue derived from these securities In 1913.
114.940,670
Jointly by the Nashville Chattanooga & St. Louis and
Northern
a new route from
exchanged the entire holdings of the system in B.& 0.stock
1913
July
In
ton & Quincy, which will use the same as part of
1912 from
273.600 each of com.and pref.) for $34,292,400 So. Pac. Co.stock held
and Central points to the Gulf. Stock was Increased in Aug.
($2_,1
mortA
609.
99.13.
V.
Union Pac. V. 96, p. 1703; V.97.9.50. 177.
510,000 to $10,C00.000; outstanding. $6,010,000.
as trustee,to secure by
gage has been made to the Union Trust Co. of Chicago,
56.000.000, to bear not DIVS.'93 to'99.'00-May'06. Nov.'06. '07 '08 to '13.
andssue of $10.000,000 40-year bonds, of which guaranteed,
6 yrly.
314
7 6 yrly.
134. 11:1!413i.
5 yrly.
prin.
int.,
&
P.O.
exceeding 434%. will be issued at first and jointly 99,9. 343.609,748,8944
ln 1893 paid also 2% In scrip. Dividends now paid quarterly
by two cos. named. V.99. p. 343.609,894.-(V.
stock f(nt
14
to
Mar.
authorized
1911
increase
the
-Voted
STOCK
San GeronPAN-AMER ICA N RR. (MEX IC0-0 UATEM A LA).-Owned
$500,000.000 to $600,000,000. Shareholders of record May 5 were offered
mo. Hex., on Tehuantepec National RR., southeasterly to Guatemala




OCT., 1914.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Pennsylvania RR-(Concluded)kv
West Ch