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ittMitf piiiiii
OF THE
P oMMERCIAL
&
flMNCIAL [hROMCLE.
[Entered according to ct of Congress, In the year 1889. by Wsi. B.
VOL.
NEW
49.
Uisa &
YORK, SEPTEMBER
INVESTORS' SUPPLEMENT.
INDEX TO RAILROAD MORTGAGES.
Supplement is published on the last Saturday of every other
month viz., January, March, May, July, September and November,
Tlie
and one copy of each issue is furnished, without extra charge, to all
regular subscribers of the Commercial and Financial Chronicle.
Additional copies of any issue are sold to subscribers at 50 cents each,
and to persons not subscribers at $1 each. No subscriptions are taken
for the Investors' Supplement apart froni the Chronicle. Anuual
subscription price to the Chronicle, including the Investors' Supplement, is $10 20 in the United States and $11 26 in Europe these prices
cover postage.
;
DANA *
B.
102 William
CO., Publishers.
Street.
New
York.
RAILROAD MAPS IN THE SUPPLEMENT.
The
maps now published
railroad
in the
Supplement
include the following roads.
Map.
Alabama Midland
Atchison Topeka 4 Santa Fe
Page.
IS
16 and 17
Baltimore 4 Ohio
,
Buflalo Rochester 4 Pittsburg
Cape Girardeau Southwestern
Central RR. & Banking Co. of Georgia
20
23
25
26
30
28
29
31
33
36
38
40
42
44
46
Centralia.Sc hester
Central New England 4 western
Central RR. of New Jeisey
Charleston Ciuciunati 4 Chicago
cake 4 Ohio
Milwaukee 4 St. Paul
4 Northwestern
go
go
Rock I-land 4 Pacific
-o St. Paul 4 Kansas City
Cincinnati New Orleans 4 Texas
co
md Cincinnati
Colorado Coal 4 Iron
Colorado Midland
4
Chicago
Pacific
St.
Louis
Company
Delaware Lackawanna 4 Western
..146
47
49
143
51
53
54
Delaware 4 Hudson Canal C'o.'s Lines
Denver & Rio Grande
Denver Texas & Fort Worth
Duluth South Shore 6c Atlantic
East Tennessee Virginia 4 Georgia
Evansville 4 T.rre Haute
Flint Ac Pere Marquette
- a Carolina <s Northern
Gulf Colorado Ac Bantu Fe
^Muon Suspension Bridge 4 New England
56
57
59
61
62
r,j
Illinois Central
Jacksonville Tampa .t Key West
.- City Wyandotte 6c Northwestern.
Kentucky Union
Lake Erie Ac Western
Leui-'ti
Valley
.vansvUleAst. LouisCon.
4
ile
Nashville
New Albany Ac Chicago
LouisvLle New Orleans 4 Texas
s 4 Texas
Louisville
4
:ta
North Georgia
in (_eiitr.il
itional
bake Shore 4 Western
rthern
nd 4
Ste Marie
St.
H5
67
69
70
72
74
SeeEvansville 4 Terra Haute. 57
79
... ....]]! 77
.'..'...'.'..'.'.'.
79
80
82
g3
..'.'.'.'.'.'.'.'..'." 85
....'.'...'.'..'.'.'
86
gg
89
'..'.'.'.'.'.'.
_ t
-..-.
,
Mexican Gulf
Ontario 4 Western
isquehanna 4 Western
.-
New York
..'...'.....'...'.'..
-
K
l, '
em
IJrMUlc
ty
'..V.'
4
Southern
..'.'...'
"
-t
-
ville.
g* Wester
Boston
See E vans ville
Richmond
f
I'oiut
4
4 West
i'oint
Terminal
28
116
11(!
-
Ac
San
1,1
Fraticiseo .
urg
l22
.
.......]*].
.0
union Pacific
1
Us
&
"."v:.v;.'""."."'.::::i3i
,--,
,
124
"'l25
127
12g
\.'.[','.\\
Southern Pacltlo Couipany
,
117
H9
..."."..."I""l20
'
Manitoba
An n Ar V:'-
99
100
103
105
".114
Terminal
t-ranoe ttetrttiu
.
^
96
107
108
110
Terre Saute". ...'.'. 57
Sew England 4 Western
1
91
'.'.'.'.'.'.'.'.'.'.'.'.'.'.106
-,;
Iv
".'.'.'.'.'.'.'.'.'.'.'.'.'
,_
hortLiue
Pa'
,n
';\"-"
KiUisaoCity
m
C]
1889.
28,
The Chronicle has published the following
TEKIUS:
WILLIAM
Co., In the olllce of the Librarian of Congress, Washington, D.
132
134
135
137
niiiii.l.T"""lw
abstracts.
Vol. Paob.
Atlantie 4 Pac. RR. 1st Guar. Trust M. 4s, due Jan. 1,1937.
302
49
1st M. Western div. 6s, due July I, 1910
49
302
2dM Western div. 6s, due Sept. 1, 1907
303
49
Income M. Western div. 6s, due Oct. 1, 1910
49
304
1st M. Central div. 6s. due March 1, 1922
49
303
46
801
Baltimore & Ohio RR. Consol. M. 5s. due Feb. 1. 1983
242
Centiai RR. 4 Bk. Co. of Ga. Col. Trust 5s, due May 1. 1937
45
402
Central RR Co. of N. J. Gen. M. 5s, due July 1, 1987
45
241
Central Pacific RR. M. 6s, due Oct. 1, 1936
45
45
54
Chesapeake 4 OhioRv. 1st M. 6s, due July 1, 1908
2dM. is, due July 1, 1918
45
55
1st consol. M. 5. tine May 1. 1939
49
147
45
55
1st M. Peninsula ext. 6s, due Jan. 1. 1911
45
55
1st M. extensions. 6s, due June 1, 1922
441
Chio. Burl. & Q., Se'iraska ext. 4s. due Mav 1, 1927
45
146
45
C.M.4St.P.Ry.lstM.,Chic.4L.8up'rdiv. 5s,due July 1.1921.
45
85
1st M. Chic. 4 Milwaukee div. 7s. due Jan. I, 1903....
45
213
1st M. Chic. 4 Mo. River div. 5s, due July 1, 1926
45
144
1st M. CjIo. 4 Paciiio RR. (is, due Jan. 1, 1910
45
145
1st M. Chic. 4 Pac. West. div. 5s, due Jan. 1. 1921
45
86
Oous. M. 7s, due July 1, 1905
45
213
1st M. Dak. 4 Gt. South. Ry. 5s, due Jan. 1, 1916
45
IstM. Dubuque div. 6_, due July 1,1920
144
45
212
IstM. Fargo 4 Southern Ry. 6s, due Jan. 1,1924
1st M. Hastings & Dak.exten. 7s, due Jan. 1910
45
144
45
UtM. Iowa 4 Dakota div. 7s, due July 1, 1908
114
114
1st M. Lacrosse A Davenport div. 5s, due July 1, 1919.
45
1st M. Mineral Point div. Ss.dueJuiy 1, 1910
4.5
145
1st M. River division 7s. due Jan. 1. 1902
45
85
IstM. Southern Minn. div. Os, due Jan. 1, 1910
45
114
212
Terminal M. 5s, nue July 1, 1914
45
IstM. Western Union RR. 6s. due July 1, 1909
45
114
1st M. Wiscon. 4 Minn. div. 5s. due July 1, 1921
45
145
145
1st M. Wisco 1. Valley div. Os, due July 1, 1920.
45
47
C. Rock r.4Pac.lstM, C.Kan. &Veb.Ry.6s,dUHjulyl, 1934..
2d2
47
260
IstM. Exten. 4 iJullat. 5s, due July 1, 1934
47
261
1st M. 8r. Josepli Ac IownRR. 6s, due Jul/ 1, 1935 ....
47
1st M. Wis. Minn. 4 Pac. Ry. 6s, due Oct. 1, 1934
261
Cincin. Jackson 4 Mack'w 1st Con. M. 5s, due Dec. 1, 1936.
45
574
Colorado Midland Ry. IstM. 6s, due June 1, 1936
45
540
47
228
Denver 4 R'o Grande 1st Con. M. 4s, due Jan. 1, 1936
47
229
Improvement M. 5, due June 1, 1928
45
Duluth South 8hore 4 At. Ry. 1st M. 5s, due Jan. 1, 1937..
274
Fort Worth 4 Denver Citi Ry. IstM. 6s,dueDtc. 1, 1921.
45
440
49
239
Georgia Car. a_ North' R'y IstM. 5s, due July 1, 1929...
45
241
Gulf Col. 4 Santa Fe Rv. 1st M. 7s, due July 1, 1909
45
241
2dM. 6s, due Oct. 1. 1923
45
575
Kan. City Memphis 4 Birm. 1st M. 5s, due Mar. 1, 1927,..
45
372
Kentucky Central Ry. IstM. 4s, due July 1, 1987
49
237
Kings County Elev. R'y 1st M. 5s, due Jan. 1, 1925
46
45
Lake Erie 4 Western, 1st M. 5s, due Jan. 1, 1937
49
208
Louisv. E. 4 St.L. Con.RR. 1st Con. M. 5s, dueJuly, 1, 1939.
h
due
Mar 1, 1917
49
342
Louisville Southern RR. 1st M. 6s,
49
343
Lease to Louis. New Albany 4 Chicago
49
177
Mexican Cent. R'y Cons. Mortgages, due 1911 and 1939...
142
47
M.sit..4S.Ste.MiirioRy. 1st cons. M. 5s, due July 1,1938..
243
45
1st M. Minn. 8. Ste. Marie 4 a tl.Ry.5s,due Jan, 1,1926.
47
170
Mo.Kau. 4 Texas Ry. Genl. Cons. M. 6s, due Dec. 1, 192 J.
47
227
1st M. L. G. 7s, due 104-1906
47
287
Missouri Pacific Ry. 1st Cms. M. 6s, due Nov. 1, ,1920....
45
274
Mobile 4 Birmingham Ry. 1st M. 5s, due Jan. 1, 1937
1938
47
83
Mobile 4 Ohio RR. Genl. M. 4s, due Sept.
45
541
New York Chicago 4 St. Louis 1st M. 4s, due Oot. 1 1937.
49
238
N. Y. Ontario 4 West. R' V Cons. 1st M. 5s. due June 1, 1939
45
541
Norfolk 4 Western 1st M. Clinch Val. 5s, due June 1 1B57.
22
47
Northern Pacific 3rd M. 6s, due Dec. 1, 1937
45
273
Duluth 4 Mani obalst M. Dak. Ex. 6s, due June 1, 1937
201
47
Ohio Indiana 4 Western 1st M. 5s, due April 1, 1938
47
201
2dM. 5s, due April 1, 1938
213
45
Omaha 4 St. Louis Ry. IstM. 4b, du. Jan. 1, 1937
49
240
Oregon Pacific Rtt. 1st M. 6s, due Oct. 1, 1900
46
679
M.
1958
Genl.
due
Jan.
4
4s,
1,
Philadelphia
Reading
141
47
1st Pref. fno. M. 5s, duo Jan. 1, 1958
47
142
2d Pref. Iuc. M. 5s, dun Jan. 1, 1958
142
47
3d Pref. Inc. M. 5s, due Jan. 1, 1958
45
439
1917
due
IstM.
4
Western
Is,
1,
July
Ry.
Pittsburg
275
45
Foughkeepsie Bridge Co. 1st n. lis, due Aug. 1, 1936
45
575
Feb.
Trust
due
1897
P.
4
W.
Ter.
Go.
Col.
1,
Richmond
6s,
49
115
Consol. 1st collateral M. 5s, due March 1, 1914
49
1939..
237
M.
due
Xrus:
Is.
1,
1st
West.
Rio Grande
July
R'y
45
644
St. Louis Ark 4 Texas Ry. 1st M. 6s, due May 1, 1936
45
644
2d M. 6s, due May 1. 1930
45
342
ft. I'. M. 4M. Ry. 1st M. Mod. Kxt., Is, due June 1, 1937..
1926.
45
372
due
Aran.
1st
on
1,
Ant.
4
Rv.
M.,
July
San
ext., Us,
49
241
San Fran. 4 North Pac. R'y 1st M. 5s, due Jan. 1, 191a....
49
210
Savannah 4 West. RR. lsi Cons. M. 5s, duo March 1, 1929
47
82
Texas 4 Pacific Ry. 1st M. 5s. due June 1, 2000
82
47
2nd M. 5s, due Deo. 1. 2000
242
45
Toledo Pooria .t West. Rv. -t M. 4s, duo July 1, 1917
40<
lliltl....
45
due
June
1
M.
t
S.
L.
Ac
Kan.
6s,
1,
Toledo
City Lly.
23
47
Virginia Midland Ry. Genl. M. 5s. due May 1, 1936....*....
270
48
Wabash RR. 1st M. '5s. due May 1, 1939
19
272
2.1 M. 5s, due Feb. 1, 1939
49
273
Deb. M. 6s, due July 1, 1939
47
]l>9
Western N. Y. 4 Ponn. Ry. 1st M. 5s. duo Jan. 1. 19J7
310
47
192
7
duel
)et.
1.
4
2nd M. 3 to per cent,
11
1 ,
,
,
1
:
INVESTORS' SUPPLEMENT.
FEATURES OF NEW RAILROAD
MORTGAGES.
A study of some of the recent issues of railroad mortIt becomes evident that the lesgages is instructive.
sons which experience has suggested for improving the
.
character and adding to the desirability of this form of
investment are not being lost on railroad managers or
their legal representatives who have charge of the
framing of these documents. The terms of the mort-
(Vol.
XLJX.
Until
experience which investors have had in the past.
the recent developments, it was natural for the bondholder to suppose that to have his coupon paid was
equivalent to having
it
canceled.
SeverslfCases occurred,
however, where thejgoupons though nominally paid had
been simply purchased by interested parties, who kept
them
alive
and made them the
basis for a claim for
Under such
a proceeding the position of
the bonds was clearly prejudiced.
The legal status of
coupons treated in that way is not quite clear, but supfloating debt.
more clearly and definitely expressed, the posing that they had the same standing as the obligaunder
them more carefully guarded, new pro- tion from which they are cut (the mortgage securing
rights
visions incorporated to ensure greater protection to the
payment of both principal and interest), the effect
bondholders, and in general a disposition shown to is to pile up large accumulations of interest to be added
add to the force and effectiveness of the contract.
The question, therefore, in
to the principal of the debt.
This is of course as it should be, and in no way such cases was not, is the property worth the face of the
remarkable.
With the growth and expansion of the bonds, but is it worth the amount of the bonds plus the
railroad industry, which now carries over 5,000 millions aggregate of unpaid interest as represented by the
of debt in one form or another, and with the amount uncanceled coupons ? and the matter was of course
being further increased by the hundred millions from especially bad where the bondholder had no knowledge
It was in the highest
year to year, it is natural that there should be a sort of of the course being pursued.
evolution going on in the different types of mortgages, degree desirable that a repetition of this practice should
and that modifications and changes should be made so be guarded against, and hence we find in many of the
Those new mortgages by prominent companies express proas to best adapt them to existing requirements.
gages are
drawing up mortgages now have a decided advantage
over those
who
did this work while railroad investments
were in their infancy, for they have a greater variety of
models and forms to select from.
The Chronicle has in recent years made it a practice to give extended abstracts of leading railroad
mortgages, and in this way secured for them increased
As a result the terms and provisions are
publicity.
more carefully studied than before, and it is impossible
up or conceal any defects.
As bearing upon what has been said above with
to cover
refer-
ence to the improved character of the recent issues, we
first place that the disposition is to substi-
notice in the
tute well-known trust companies in place of individuals
This is, perhaps, a
as trustees under the mortgages.
change of not very great significance, and yet it is a step
in the right direction.
offers
A
trust
company
as trustee
advantages which the personal character
individual does not offer.
We
notice, too, that
of the
many
new mortgages
give bondholders the power,
under proper restrictions, to remove the trustee at will,
which also is an advantage in certain contingencies.
of the
visions
coupons be canceled when
directing that the
surrendered by the holder of the bonds from which
they have been detached, and that if not canceled they
shall in any event be without force or effect as against
The point is such an
mortgaged premises.
important one that it seems desirable to give a few illusIn
trations showing the care taken in that particular.
the
Cenof
the case of the 50 million general mortgage
tral of New Jersey it is provided in substance that
No purchase or sale of any coupons or interest, or any advance or
the
loan tnereon or redemption thereof by or on behalf of the railroad company, shall operate to keep said coupons or interest alive or in force as
a lien upon the mortgaged premises against bondholders, after sale of
coupons or ussignment of interest separate from the bonds.
The new
waukee &
150-million mortgage of the Chicago Mil
Paul contains the provision in the follow
St.
ing form:
" It is further agreed, that when and as the interest coupons annexed
to the bonds secured hereby mature and are paid by the railway com
pany, or by any person or corporation for it or on its behalf, they shall be
canceled, and after default in the payment of any coupons, or of interest on any registered bonds, such coupons shaU not be deemed to be
secured by or otherwise within the trusts of this mortgage, unlet*
accompanied by the bond to which the same were originally attached ;
nor shall the interest so in default on any registered bond be assignable
separately from the bond itself."
The new
first
and second mortgages of the Wabash
we find
Another change is in the direction of removing all that
The company covenants that as the coupons attached to the bonds
doubt as to the kind and nature of the money in which
secured hereby mature, they shall be paid by it and cauoeled; and it is
payment of principal and interest is to be made. agreed that no purchase or sale of said coupons or loan upon the same
furnish another instance of the same kind, and
made on
behalf of, or
at.
the request
of,
or with the privity
of,
the com-
redemption of the said coupons by any guarantor of the
During the years when specie payments were suspended pany, andofnothe
same, shall operate as keeping the said ooupons alive or
payment
to
in this country it was of course usual
specify in force as a lien upon the mortgaged premises as against the holders
of the bonds secured hereby and of the coupons annexed thereto.
whether the issue was a currency or a gold obligation,
The Chesapeake & Ohio new consolidated mortgage
and none but the latter class could hope to find a market
It will be noticed that
also has a proviso to that effect.
But now that our entire currency is on a gold
abroad.
as in the St. Paul
same
the
the wording is precisely
basis and legal tenders command par, this distinction is
case.
of importance only as providing against a recurrence of
the same contingency when part of our currency might
The
again be at a discount as compared with gold.
Most of the
precaution, however, does not end there.
new issues provide not only for payment in gold coin,
"
The company agree that as the coupons of the bonds scoured hereby
mature and are paid by the railway company, or any person or corporation for it or in its behalf, they shall bo canceled, and after default in
the payment of any such coupons, or of interest on any registered
bonds, such coupons shall not be deemed to lie secured by or otherwise
within the trusts of this mortgage, unless accompanied by the bond to
or shall the interest so in default
which they were originally attached
on any registered bond be assignable separately from the bond itself!"
;
but add the further stipulation that the gold must be
Taking the last decade or two, probably no one thing
" of the
In
of
in
connection with railroad issues has caused so much
weight and fineaess."
present standard
a-nd
a
and
doubt
with
to
fear
this it is attempted
trouble, vexation, annoyance and embarrassment
compass
railroad managers and
as
to
as
well
the
the
out
of
this
to
bondholders
to
the
future
of
currency arising
regard
stockholders as the so-called sinking fund provision.
forced circulation of silver dollars.
is seen
Quite a noteworthy departure relates to the manner How this source of trouble is being disposed of,
of dealing with coupons after the bond- in the fact that whereas formerly sinking funds were
holder has received the cash for the same. And this provided for in nearly every case the exceptions being
innovation is the direct outgrowth of some uufortuate quite rare now the general disposition, by the larger
and method
*
September,
INVESTORS' SUPPLEMENT.
1889.1
least, is to
companies at
abandon them altogether.
3
In by reason of the enlarging requirements for sinking
funds, and that is one of the main reasons for wishing
other words, sinking funds are regarded as out of date
of property as diminish
except in the case of such classes
The reasons for this are
in value from year to year.
to
When the railroad system was in
in a
infancy and the value of railroad property
that
some
was
.natural
it
measure undetermined,
pro-
the proceeds of land sales, the general first mortgage
has a sinking fund of one per cent including
land sales, the seconds have a similar sinking fund
perfectly obvious.
its
retire the
existing
The
issues of debt.
divisional
bonds have a sinking fund of one per cent besides
which began this year, the thirds have one which begins
in 1894, and the bonds of the Oregon Trans-Contiboth in the interest of bondholders and the company nental and those of branches built by the Northern
The experience of the last few years, Pacific itself nearly all have sinking funds beginning
issuing the bonds.
vision for retiring the bonds in whole or in part at
maturity, or from year to year, should be deemed essential,
however, has established the fact that railroad property 10 years after the date of the issue in each case. As
has a permanent and assured value, and that so long as the affairs of this road are of such immediate interest,
the income of a road is satisfactory and the lien good, it is well to add that under the proper head in the
there is no difficulty in extending a loan at its maturity, Investors' Supplement will be found the terms on
that
frequently at lower rates of interest too, so that from
standpoint there is little need for a sinking fund.
The position to-day is that neither bondholders nor
which the different bonds can be drawn or purchased,
besides which there was a general article on the subject
of this company's sinking fund requirements in the
stockholders, nor railroad managers, are friendly to
The bondholder (Joes not desire them
sinking funds.
Chronicle
of
March
2,
1889.
While, of course, there are exceptions to the rule, the
existing disposition by most of the large companies is,
because he does not want to have his bonds subject to
Railroad managers discountenance them because as stated above, to do without sinking funds.
call.
Some of
fixed
the
new
a
the
while
have
reference
to
to
increase
but
charges,
funds,
yearly
mortgages
they operate
sinking
The stockfrequently imposing other disadvantages.
holder is opposed to them because he feels that he is
taxing himself for the benefit of future holders, which
not in the usual way.
Thus in the case of the new
mortgage of the St. Paul it is provided that if the company should at any time conclude to dispose of property
he does, since the sinking fund, by causing a now covered by the mortgage, then the company may
reduction of the debt, tends to lighten the burden on either use the proceeds in the purchase of other propOne great objection to these sinking erty or buy bonds for cancellation; but the bonds canthe property.
funds has been that very often the provision with regard, not be called. In the new Wabash 1st mortgage, an
in effect
which appeared in the Chronicle of August
is a clause which provides that the
Committee
shall convey to the trustee
Reorganization
under the mortgage so much of certain special lines
the sinking fund clause are by no means few, and they and properties pledged to meet reorganization expenses
are not confined to companies in poor financial condi- and receivers' certificates as shall not have been
If a bond selling at 130 or 140 in the market is used for the purposes in question, and the property so
tion.
by its terms subject to call at 105 or 110 it is easy to see acquired shall be applied as a sinking fund. Such sinkthat the bondholder would rather not have the company ing fund shall be managed, invested, sold and re-invested
them has been but
indifferently carried out or purthus
encouraging lax methods of
posely disregarded,
administration and making trustees negligent of their
The cases where no attention has been paid to
duties.
abstract of
exercise the right reserved to it in that respect.
Really,
in such cases the privilege of holding the bonds till their
It is perhaps natural that
maturity is a valuable one.
company shall direct, but the proceeds shall be
held by the trustee ia whatever form they may be, and
shall be applied to the purchase and cancellation of the
to
neither the
company nor the
trustee
should like
to
disturb the holder in the possession of that privilege,
and yet are they not both bound, legally as well as
31,
page 271, there
as the
bonds secured whenever purchasable at not above 105,
and with the approval of the directors of the company
at a higher rate.
morally, to see that the provision is executed? As far
as the company, indeed, is concerned, it is difficult to
stand how the managers are justified in foregoing
mining or
coal prop-
erty, or lands or equipment, of course occupy
different position from the ordinary railroad
an entirely
bond, and
an advantage for their stockholders (the fact that the
bonds sell at a heavy premium shows that they could
in such cases sinking funds would seem quite essential
for the security of the principal of the debt.
Coal and
now be
replaced on more favorable terms) in order that
bondholders
may
find their position
more
secure.
Instances where .sinking fund provisions have proved
or embarrassing could be given without
inconvenient
We may
number.
refer, for
example, to the case of
the Pennsylvania HR.
That company in 1878 agreed
to set aside 1600,000 a year as a sort of
sinking fund to
'.In the purchase of securities guaranteed
by it,
the idea being to improve the road's credit and enhance
the market value of the securities in question.
But in
1886 the agreement had to be greatly modified, because
by reason of the accretions of the fund the yearly addi-
Bonds secured by a pledge
of
mining property becomes exhausted
in
the course of
time, and railroad equipment wears out, while land
sales diminish the extent of the mortgaged premises.
Without a sinking fund, therefore, the bondholder
would be in danger of seeing the property covered by
his lien diminish in value, and possibly be extinguished
In equipment trusts a common method is
altogether.
to provide for paying the bonds in series or instalments
much a year. The Pennsylvania, in its latest issue
of car trusts, has hit upon a plan which would seem
so
some of the objections usually raised against
form of investment, by inserting a elause that if
tions threatened in the near future to reach
unmanage- the bonds cannot be purchased at or under par then
able proportion*.
The Baltimore & Ohio, when it the sinking fund of 5 per cent per annum provided for
to pass dividend* two years ago, under the in the deed of
conveyance shall be used in the acquisito avoid
this
i
heavily
change
increasing
its
charges,
Hind
sinking
increasing so rapidly.
th'.>
Northern
Pacific
likewise
arrang
To come
fii
was
obliged to
the yearly call
to a very recenl
eatly inconvenienced
tion of additional
bonds.
In
obligation
this
till
equipment
as further security for the
way the bondholder could hold the
maturity,
while the
wonld be secured against impairment.
property covered
STOCK AND BOND TA BLES.
NOTES.
These tables are expressly Intended to be tired In connection with the information concerning investment matters published from week to
week In tbe Chhdnicle to which an Index is furnished In the remarks on each page. Annual reports are In black-faced figures. The dividends
as we give them In the remarks are those paid In the rear named, or such as have been declared and will be paid In It. In many instances these
dividends are I aid In part out of the earnings of the preceding year, and hence it Is that the dividends appearing In connection with the earnings
of a vear of (en differ from the dividends paid In the same year.
The following will give explanations of each of the columns of the tables bolow:
M. for "mortgage;" s. f. for "sinking fund "
Description.- Railroads leased are somet lines given under the lessee's name. Abbreviations used aae
E gr. for "land grant;" r. for "registered?" c. for "ooupon;" c* for "coupon but may be registered;" o. A r. for 7 ooupon and registered;" br.
:
'
for "branch:" guar, for "guaranteed;" end. for "endorsed."
Date of Bonds. The date of issue is referred to in this column.
Mile* of Road. Opposite stocks, this means the miles of road oi>erated; opposite bonds, the miles covered by the mortgage.
Bise or Far Talur. These tigures are dollars, showing the denominations or par value. The flgm-eg "100, Ac," signify $100 and larger.
Hale Per Ctnl. - The Interest per annum Is given for bonds, but the per cent of last dividend for stocks g. means gold x, extra s. slock or scrip.
When Payable. J. A J. stands for Jan. July; F. A A., Feb. A Aug.; M. & 8., March A Sept.; A. A O., April A Oct.; M. AN., May A Nov.- J. A D.,
June A Dec.; Q. J., quarterly from January; Q. F., quarterly from Feb.; Q. M.. quarterly from March.
Bonds,
*, printipal when five ; Stocks, tail dividend.- The date in this column shows the period when the principal falls due of bond; but the time
when the last dividend was paid on stocks
;
A
;
;
.
UNITED STATES BONDS.
Author-
DESCRIPTION.
izing
Aot.
4s of 1907, coup, and reg., incl. refund, oertfs. 1870 A '71
1870 A '71
4*gs of 1891, ooupon and registered
8 per cents, Navy Pension fund
1868
July
r
Currency
Size or
par
value.
outstanding.
Sept. 1, 1889.
$50 Ac. $663,259,190
50Ac.
50Ac.
r J'y 62A'64 lOOOAc.
6s, issued to Pacific railroads
INTEREST.
Amount
Rate.
4, ooln.
When
Q.
J. U. 8. Treasury
131,695,600 4e, coin. Q. M.
14,000,000 3, coin. J. A J.
6
J. A J.
64,623,512
All the Government bonds except the currency sixes are redeemable
n coin, the sort of coin not being specified. The fours and four and a
halfs are issued in bonds of $50, $100, $500 and $1,000, both coupon
and registered Issues, and the registered bonds also in pieces of $5,000,
$10,000, $?0.000 and $50,000. The United States currency sixes arc payable In " lawful money," all registered, issued in pieces of $1,000, $5,000
|
Where payable and by
whom.
pay'ble
do
do
A 8ub Treas.
do
do
J
U.
8.
Treasury.
Principal
due.
July
Sept.
1,
1,
j
|
and $10,000, and mature as follows: $2,302,000 Jan.
16
1 895
Nov 1, 1895; $3,680,000 Jan. 1, 181)6; $ 1, 320,000
$640,000
'340,000 Nov.
1
1896; $9,712,000 Jan. 1, 1897, $29,904,952 Jan. 1. 18 98, and
$14,004,560 Jan. 1, 1899. The Interest on registered bonds is mailed
ac
by check directly to the holders or to any address
requested by the
Feb.
registeied holders.
STATE SECURITIES.
Subscriber*
-will
confer a great favor by giving immediate notice of any error discovered In these Tables.
Date of
DESCRIPTION.
Alabama
Substitution bonds (A) C$7,009,000)
SulMtltut'n b'ds for RR. (B) ($596,000)
do
for Ala. A Chatt. (C) ($1,000,000)
Funding 10-20s (tax-receivable)
Arkansas Bonds issued to State Bank
Bonds to Real Estate Bank, letters "A" "C
Funding bonds of 1869
Funding bonds of '70 (exclusive of Holford's)
Sinking fund bonds reissued in 1888
,
A
Funding bonds 1870(Holford) )
Levee bonds (or warrants)
> not recognized
B'ds to
CentAc. )
Funded debt bonds, redeemable. .
Bonds (sink.fd.) not taxable. ..cAr
do
do
r
rallr'ds, Ark.
O tlifornia
Connecticut
.
Bonds,
Bonds, coup, orreg
Bonds registered (redeemable at will)
Delaware. Refund'g bds., series " B" A "C"
Bonds, redeemable after June 1, 1895
r
...
Bonds
School bonds, held by school fund
Dist.of Columbian- Pcrm't imp't, gold
e
Permanent improvement bonds
Bds f or fund'g (Aot Junel0,'79)
c
C4r
Fnnd.bds.(U.8.gu.,Act8J'ne,'74AFeb.,'75)cAr
cAr
Market stock, t inking fund, not drawn
Wat'rst'kbds.s.f. ($l5,000duejuly 1.1903). c
Wash. fund'g.g. ($604,100M.AN.,Nov., 1902)
e
Honda State bonds
c
Consol. gold bonds
S oraia tjuar. g. bds.,act of Sept. 15, 1870.c*r
CAr
Bonds, act of Jan. 18, '72
Bonds to fund coupons on endorsed bonds.o*r
c<fcr
Funding bonds, Act Dec. 23, '84
Refundlng-bus., $100,000 y'rly '98 to '16 cAr
r
State University Bonds
Indiana Tempor'y loan bds, red. aft. Mar.l '90
Refunding bonds
.
,
State House bonds
Temp'y loan, redeemable
Temporary int." loan, red.
'
after April 2, 1891
after April 2, 1891..
redeemable now
1907
1891
189&&7-M
;
I
When
September,
STATE SECUKiTIES.
1889.]
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Date of
Size or
Amount
Bonds.
par
outstanding.
For explanation see notes on fire' page of tables
Value.
Indiana [Continued.
1888
Temporary interest loan, redeemable row
1889
School fund refund'g bond?, red. June 18, '99.
Kansas Bonds ($557,000 held instate funds.). 1866 to '75
1884
Kentucky Bonds, gold
1866
Military bonds
1853
Louisiana Relief of State Treasury and mlscel.
Bonds in aid of various railroads
1870
Co...
A
Crocodile
Navigation
Boeuf
to
Bonds
1869
do to Mississippi A Mexican Gulf Canal
1857
St.
Treasurer
held
do school,
by
1870
do
to N. Orleans, Mobile A Chatt. RR
1871
RR
A
Texas
Mobile
N.
Orleans,
do to
1869
N. O. Mob. A Texas RR. bonds, end. by State
1874
4
bonds
ct.)
funded
per
(stamped
Consolidated
1880
Constitutional bonds of 1880
do
1880
overdue
and
coupons,
"Baby" Donds
1869
e&r
Maine. Municipal war debt assumed
r
1889
New bonds
1838-17
r
Maryland Railroads and canals
r
1839
Eastern 8hore Railroad
1837
c
Baltimore A Susquehanna Railroad
1839
r
Railroad
Baltimore A Susquehanna
r
1839
Annapolis A Elkridge Railroad
r
1882
Defense redemption loan
1878
c
Treasury relief loan, 10-15 years
1886
r
Exchange loan of 1886
1889
do 1889 ($4,381,067) tax free, gold
do
1864
Massachusetts Bounty Fund Loan, gold... c*&r
c*&r
1864
do sterling,g
do
C'&r 1858 to '61
Tr. A G. RR
do
home, $216,500 due Apr.,'91.c"&r 1861 to "63
1871
do
do
sterl'g..c*<Sr
1875
do
steri'g..c"dir
do
do
do
gold, d'rb'dscMfer 1873 to '74
do
c**r
1875
do
do
gold,
do
c*&r
1877
do
do
gold,
1860
Southern Vermont Railroad Loan, gold..c*Ar
Boston Hartford A Erie Railroad, sterl'g..c\w 1868 to '69
Harbor Land Improvement (5-20s), gold c*&r 1874 & '76
Danvers Lun.Hos (*900,t 00 due '94),g'd.c*r 1874 A '77
\
. .
$340,000
$100 Ac
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100 Ao.
500 Ao.
100 Ac.
500 Ac.
4100 Ac
200 Ac
500 Ac.
* 200 Ac.
500
1,000
1,000
10,000
5,000
200
1,000
1,000
1,000
c**r 1875-'76
Lunatio Hospital, Worcester, gold
1875
500
c\fcr
8tate Prisons, sterling
r
1888
Various
Armory bonds, gold
1889
r
State House Construction Loan
1865
1,000
Michigan War Bounty Bonds
1881
1,000
Minnesota Adjustment bonds, (10-30,red.'92).c
1872
bds.c
and
Lunatic
1,000
Missouri University
Asyl'm
c
1,000
Penitentiary indemnity
1874
1,000
State Bank stock refunding
c 1859 to '60
1,000
Bonds to Platte County Railroad
1874
1,000
Funding bonds
c 1886 A '87
5-20 years
1,000
do
1874
c
1,000
Hannibal A St. Joseph Railroad, renewal
State school fund certificate of iude'jt
State Seminary certificate of indebt
c*
1877
1,000
Nebraska Bonds (act Feb. 14, 1877)
1864
1,000
Few Hampshire War loan, coupon bonds
100 Ac.
1872
Municipal war loan
1879
1,000
Loan of 1879 for refunding,$100,000 due y'rly
1879
1,000
Prison loan, $14,000 payable yearly
100 Ac.
1863
New Jersey War loan bonds, tax free
1864
100 Ac.
do
taxable
do
100 Ac.
1875
C
(
New York
100 Ac.
1873
Canal debt, < Under Art. 7, Sec 3, of Con-^
New
reg. stock. I stitution.
Niagara Park Ix>an bds. (held
(
in trust funds) .
1874
1885
100 Ac.
1,000
INTEREST.
INVESTORS'
SUPPLEMENT.
[Vol. Xl.'X
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIITION.
Date of
Bonds.
For explanation see notes on first page of tables
KR
iutoiiewOs.o'
Refunding N. C. RR. bonds (tux recelv. op.)c'
BR. bd*. (t'bathaui and W.AT.)
)
not (
> reoog-<
Penitentiary bonds
Special tax bonds (in 3 classes)
) nlzed. (
OAto BoLds (pay. $250,000 yearly July 1) ....
Pennsylvania Hre. bonds, tax fr. (red'ble '92). r
Beg. bonds, tax fr.,aiie 1904, red. after 1894.
Loan of 1882 ($1,754,900 are 3>ss)
r
construct,
c
War bonds
o'
South Car. Conv.bds.,actMur.23,'69,not fund.
State House tends
) funduble
Various old bonds and stock
> into brown
Blue Ridge Railroad bonds
) consols.
Consol. brown and green (see remarks)
Refunding bonds and stock (blue)
Agricultuial College scrip, one piece..........
Tennessee Fund, bonds, act of 1873 (red at 100)
Bonds registered, act of 1873
Held by
T. University (not to be funded)
Compromise bonds (act of 1882)
New settlement 3s (act of 1883), red. at 100
.
. .
.
settlement 59 & 6s (act '83), red. at 100..
Funding State debt 'act May 2, 1871)...
Defeuse.gold, act Aug.5.'70(red.aft. Aug.5,'90)
Revenue deficiency bonds, act Dec. 2, 1871..
Bonds, act Mar., 1874 (for paying float'g debt)
Bedemption of debt, act Aug. 6, '70
Bonds, act April 21, 1879
New
Xezas
Bonds, act ot 1885
Old bonds, funding rate 69 p. c
Old bonds sterling, funding rate 69 p. c
Consol. (aot Mar.^71), funding rate 53 p. c .c
do
do
do
do
r
"
do
Pooler,'' fund. rate69p. c.e
(act '72)
do
do
do
"Pealer,"
Deferred certificates (W. Va.)
1C-408, act March 28, '79,tund. rate 60 % oAr
do
do
sterling, fund, rate 60 %
" Riddleb'r" b'ds, 18-508,
acts '82. A '84..cr
Virginia
Tax-receivable coups,
1880
bile. fd.
do. (in lOser.)
Agricultural College laud scrip
Xkode Island War bonds
incl.
Amount
par
outstanding
Value.
Korlh Carolina FA. b'ds (roups. tax-reo'ble).c*
Old bunds funduble into 4 per rents
c*
No. Car.
Size or
those of Jan., '89.
i"879
1868
1877
$50 Ac.
500 Ac.
1.000
l.OOO
1,000
1.000
1,000
I
i
September,
CITY SECURITIES.
1889.;
Subscribers will confer a great I'HVor by glrlns Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Date
of
bonds.
If.
F.
Purchase Congress Hall Block..
City improvement
Washington Park
1866
1870-T1
1870-'82
New Post Office site
Water debt ($389,000 due 1900-3, are 7s)
New City Hall
1871
1871-'88
Publio Market
Amount
par
outstanding
value.
Forexplanations see notes on first page of tables.
Albany,
Size or
1882
1888
1888
1865
$1,000
1,000
1,000
1,000
1,000
1,000
Broadway Improvement
Bonds loaned to Albany A Susquehanna BR.
1,000
Bonds for streets, floating debt . 1867-'72 500 Ac.
Bonds for A. L. Railroad and State House
1869-*70
1,000
1870 A '72 500 Ac.
Bonds for West. RR. and floating debt
1871
Bonds, 1 s t and 2d series, waterworks
1,000
500 Ac.
1877
Redemption bonds
do
$32,000 only due 1915 .... 1881 A '85 1,000
Bonds to fund floating debt (part each year)
1879
.
Atlanta, 0a.
.
.
. .
1881
Capitol bonds
Redemption bonds
Auautta, Qa. $21,500 are lHs, due 1916
Baltimore Consolidated loan of 1890
r
r
r
Water loan, stock, red. at will after 1916
Funding loan, stock, tax free..
Consolidated bounty loan
Exempt bounty loan
r
r
r
'86-'S7-'S9
1,000
Various.
Various.
100 Ac.
1877
1878
1863
1865
1860
1863
Publio parks (Druid Hill)
Park improvement loan
r
Patterson Park extension
r
Five million loan to Baltimore A Ohio RR...r
1853
New City Hall
r 1870-'71
1881
r
Paving loan
r
1870
Funding loan
1889
$5,000,000 loan non tax. (Act of 1888)
Jones'Falls ($957,000 are 5s&$155,000 3-65s)r 1872-'81
do
r 1885-'88
($100,000 are 3e)
Water loan ($263,000 only are 6s)
r 1871-'88
Harford Run Improve,$250,000 due af.l920.r
1880-8
Western Maryland Railroad
r
1872
do
do
loan
1882
do
do
Endorsements for Western Maryland
do
do Union Railroad
1887
1870
RR
1872
1885
1871
1875
1869
1869
Water loan bonds, coup. (Act Feb. 22, 1875).
European A North American Railroad..
Bangor A Piscataquis Railroad
Bath,Me- -Fund, debt ($78,000 are 5s,'97, J. & J
Knox A Lincoln RR.. for stock and coupons
Androscoggin RR. (guar, by Maine Cent. RR.
.)
1861
1869
.
Knox A Lincoln Railroad
($23,750 each year)
do
(F.AA.and M.A8)
1871-'72
RR. refunding, $100,000
due 1907
Bot ton City debt and Charlestown
I861to'80
.
ms
City debt registered
do
do
do
do
do
100
100
100
100
Ac.
Ac.
Ao.
Ao.
100
Ac
100 Ac.
100
100 &c
100 Ac.
100
500 Ac
1,65b
500
Ac
1,000
500 Ac.
1,000
500
Ac
Various.
Various.
Various.
Various.
Various.
l",6bb
1878-'82
do
$550,000
$80,000
$311,000
$115,000
due Oct., 1906
due Jan. 1, 1896
due July 1, 1905
due Out. 1, 1897
Ten-year loan, secured by a. f
Buffolk Co. Court H'se b'ds sk.f d, not d'n. . .
100 Ac
100 &c
100 Ao.
100 Ao.
r
Bangor, Me. City debt proper
Refunding bonds
Municipal loan
do
100 Ac.
100 Ac.
100 Ao.
1879
1885-8689
1885
1885
,
Various.
r
oAr
do
do
do
do
1 50th payable yearly
West Roxbury, $25,000 payable yearly
Burnt district, sterling loan
Consolidated street improvem't, sterling loan
Park bonds, $155,000 Is, due 1918
do
do
sink, fund, $769,000, due 1899. r
Mystio water debt, assumed, part renewed
Cooh. Water loan, 6 percent
do
do
5percent
do
do
1 per cent
do
do
Sterling
do
do
5s, g
do
do
percent
do
do
Is $290,000 due April,1910
do
do
Is $336,000 due Oot.1, 1913
do
do
Is
r
do
do
3>s percent
do
do
3 per cent
Stony Brook improve't, secured by skg. fd...r
BrooKiyn Brooklyn local improvement loan...
Soldiers' aid fund loan, part each year
,
l.OOO&c
1,000
1873
1840
A 100 Ac
1887-'88
1,000
JE100A.;
1889
1,000
1862 to '86 1,000
1867 to '76
1875 A '78
1878
1872
JlOOAc
.
m
Bushwick avenue, Ac. improvement loan, local
BouthSeventh st.
do
do
do
..
1889
188S
1x87
1885
1875-'7C
1879
1879-'80
1883 to '87
1888
1,000
81-5-7-8
1887
1887
1861
1865
j
'
1000 Ac
1865-'66
1,000
1,000
1.000
1863
1.000
INTEREST.
Principal
When
When
Due.
Payable
$78,000
390,000
1,058,000
115,000
1,831,000
115,000
185,000
170,000
1,000,000
319,000
F.
M.
M.
M.
F.
J.
A A. Boston, Merchants' Bank.
1890 to -9*
A 8,
New York.
'90 to 1900
A N. New York and Albany.
1910-'21
A N. N Y., Merchants' Nat. Bk. May 1, 1901
do
A A
do
1890 to 1912
A J.
do
do
July 1,1905 to '10
Albany,
N. Y., Del. A Hud. Canal Co.
N.Y. Han.Nat. B'k A Atlan.
100,000
318,000
127,000
77,500
120.500
285,000
55,000
188,000
.
do
do
do
do
do
do
do
do
Augusta, Treasury.
1,787,800
7,306,516
5,000,000
1,000,000
2,211,068
110,353
555,566
185,723
200,000
5,000.000
1,500,000
500,000
800,000
500,000
2,212,000
260,000
1,900,000
600,000
1,000,000
681,000
1,704,000
875,000
117,000
50,000
30,000
100,000
500,000
1,000,000
925.000
178,000
121,000
A
Balto.. Farm.
Plan. Bank.
Balto., Nat. Mechanics' Bk.
do
do
do
do
do
do
Balto., Farm.
do
do
do
do
do
do
do
A Plan. Bank,
do
Balto., Nat. Mechanics' Bk.
Balto., Farm. A Plan. Bank
Balto., N. Mechanics' Bank,
do
do
do
do
do
A
do
do
do
do
do
Plan. Bank.
Balto., Farm.
Balto., N. Mechanics' Bank.
Baltimore, Franklin Bank.
Bost.,Merch.N.Bk.A Bang'r
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Bos., Nat. H. AL. B'k A Port
Bos.,Nat.B'k of Com.APort.
Boston, 2d Nat. B'k A Port.
Bos., Nat. H. AL. B'k APort.
125,000
310,900
371,300
7,818,000
9,519,000
150,000
2,091,000
109,000
917,000
230,000
180,000
700,000
800,000
816,000
50,000
1,997,601
2,751,126
1,355.000
1,219,000
839,000
4,897,000
13,000
58*. 000
1,917,271
3,552,000
268,000
686,000
2,015,000
100,000
675,000
191,000
500,000
213,000
296.000
17.000
16,000
do
do
do
do
do
do
do
do
Boston, Treasurer's Office,
do
Various
Various
A J
A O.
A O.
A. A O.
Various
A. A O.
J. A J.
J. A J.
J. A J.
J.
A.
A.
Various
Various
Various
A.
A.
A
A
O.
O.
SUPPLEMENT.
INVESTORS'
I
Vol. XXIX.
Subscriber* will confer a great favor by giving; Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Tor explanations see notes on
KrooklDHtOi'Hl'iHtth
Date of
Size or
Amount
Bonds.
par
outstanding
page of tables
Value.
ave., iuiprove't lean..
1868 * '69 $1,000
1870
1,000
It
rut
Ar
Bridge loan. $lf 0.000 yearly
for N. V. * Brooklyn Bridge
o or r
for N. Y. A Brooklyn Bridge
do
do
do
do
Prospect Park loan, reg.A oonp
Prospect Park loan
Permanent water loan
do
do
r
Temporary tax certificates
Certs, of tndebt. ($35,000 4s due 1800)
Bonds to pay arrears to county
Arrear'obds. c$ l.ero.OOO 10~40s 4s, J'y,'23).r
Local Improvements
r
do
$100,000 due Feb. each year
School tmprm't, $100,000 due Jan. each y'r.r
Bond*
Bonds
1870-'76
1876 to '80
1879 to '82
1881 to '83
I860 to "73
1364
1857 to '75
18S9
1,000
1,000
1.000
1,000
1,000
1,000
1.000
Various.
1884
1834
1884
1888
18-19
1889
Couniy bonds, reg
Funded debt bonds
1870to'89 I.000A.
Buffalo,
Waterworks bonds
_
cAr 1870 to '89 l.OOOAc
Tax loan bonds
cAr 1880 to '89 1.000 Ac
l.OI HI
Cambridge, Jfa*. City loaii,$150,0005s'93c*r 1863 A 70
c.tr 1873, '4, '5
City loan, pa vlug 20 } ear loans
do
sewer l'ns, 20 yr. A 30 yr. b*ds. ,c*r 1873 '4'5'6
do
street (20 yrs A street widcn'g(3<>) 1873,'4.'5
do
Bewcr l'ns, $30,000 are 4s, Nov.,'07 1886 A '87
1887 A '88
Bridge loans, 20 years
1885
Municipal (10 yr) and Cemetery (20 yr) loans
Water loan. 20 yrs, part due each year'89to'97 1868 to '77 5(H) Ac
do
cAr 1878-'87
(only $12,500 are 5s)
1,000
do
1886
100 Ac.
Charlatan, S.C. !'.on.lls.,to red.past-due debt
do
do
do
1878
100 Ac.
do
1879
100 Ac.
coup, or reg. .
Hast
fund
bonds.
Chelsea,
Sinking
JV.
P.
c.tr
)
.
Funded debt ($350,000
for water)
1,000
notes
do
Water loan
Water loan
Water loan (refunding)
do
do
Ohieago
BewVe bds.,$490,OOOJ
1882
1888
,
500,Ae.
1,000
100, Ac,
500 Ac,
y,'92; $785,000J'y,'94
1880
$458,000 J'yV'04; $387,o6o J'y, '08 1884 A '88
River improvement bonds, part each year.
do
.
Mun'lbds.,$lOO,O0OJ'y,'95;$86,OO0J'y,'96f.fcg
Municipal and School bonds
Municipal bonds (refunding loan)
Cook County debt, $1,483,000, May, 1892
1881-7
A8
1,000
1,000
500 Ac,
500 Ac
do
do
do
($500,000 at 4 p. c due 1905)
due $50,000 each} ear
Cincinnati Bonis for Com. School purposes. P
1863
1,000
Bonds to O. AM. RR. to purchase whf prop. N
1 856
1,000
Bonds for ext. and impr. Water W..C, D.
1847 to '50 500 Ac
Bonds for funding floating debt
AAA2 1847 to '48 500 Ac.
New Hosp'lbds. $250,000 M.AN.,duo'98.8AS2 1867-'68 1,000
Bonds for funding floating debt
L
1853
1,000
Extension and improve. Water Works. .K AF 1851-'53
1,000
Bonds to purchase Orp'n Asyl. grds. for park.O
1858
loo.ooo
R
Bonds for sewerage
i8t;!t
1,000
Bonds for improving Gilbert avenue
U
1869
1,000
Bonds to build Eggleston avenue sewer
B3
1869
1,000
Bonds for Water Work purposes
C5
1872
1,000
General improvement
W2
1871
1,000
Cincinnati Southern RR
1872
1,000
do
do
($2,890,000 are gold 6s)
1876
500 Ac.
do
do
1872'78'79 1,000
Funding debt bonds, coupon
1874
1,000
Park improvement (Q. $15,000 6s)
1875
1,000
Water-works b'ds.,$100,0O0dueAug., 1895. Dl
1875
1,000
Bonds for McLean Ave. sewer ($35,000 5s) U2
1879
1,000
83
1876
1,000
Hospital bonds
H2
1872
1,000
University
Street bonds, series, part of eaoh each year. .. 1880 to '89 Various
Consul, s. f. bonds, 30-50 yrs. (Act Apl. 9, '80, 1880 A '81
1.000
.
.
AE
.
U4
100 Ac.
1880
100
'82
after
1891)
1881
100 Ac.
Funding debt (redeemable
Deficiency and pavement bonds (10-20 yr.) .. 1885-'89. Various
1887-'88
1,000
City Hall bonds, redeemable after 1897
Fire bonds
1888
1,000
1,000
tievetatut Water works ($200,000 are 6 p. ot.) 1872 to '84
1872 to '89 1.000
Funded debt
1872 to '74 1,000
Lake View and Monumental parks
1874 to '79 1,000
Canal and canal lock ($11 .000 are 6s)
Assessment bonds
Work House and Infirmary ($19,000 M. A N.) 1881 A
6 A7
$102,000
7
3,000,000
7
1,250,0(0
6
3,333,000
5
2.279,000
4
2,383.237
7
8,019,000
6
1,217,000
11,573.500 3, 4, 5, 6
3
GO0.O00
2,500,000
3
705,305 3>sA 4
4
540,000
2,350,000 31 A4
4
200,000
3
1,000.000
400.000
3
230,000
3Hl
3to7
5,426,827
2.985,882 3>to7
480,836 3to4>s
170,000 5 g. A 6
255.000
6
e
621,000
1 27,000
6
55,000 3>sA4
4
210,000
4
265,000
6
874,000
;
C
;
;
value) as follows:
4
519,500
218,000
456.800
109,500
3,391,737
446,800
A5
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
A
A
July
1890 to 'f 5
1899-1924
1905,
7
'6,
A
'8
1908 to 1919
mi7'18'19'23'25
.1
J
J.
1921 '3
J.
J.
1915, '(i. '7. ', 24
July 1, 1924
1891 to 1916
Jan. 1, 1909
3 years from date.
J
J.
J.
J.
J.
J.
J.
J.
J.
Various
A O.
AO
A J
"8 '8 '6 "7 '8
1900
July 1, 1924
A 1924
July 1. 1893
July, 1923
Jan. 21, 19 17 to '20
.May 1,19 14 A '18
and New York.
do
do
do
do
1890 to
Buffalo
Bank
Boston,
do
do
do
do
do
do
do
do
do
A.
4
J.
6
6
Various
Various
Various
J. A J N. Y.,
7
J.
1
Jan. 1, '30 to 1909
June. 1890to 1900
Redemption. July '90 A Jan. '93
do
July. 1893-'94-'95
do
'6.1903-4-5
do
1893. A 1903.
do
do
do
do
do
do
Charleston, Treasury
do
do
do
do
Chelsea, City Treasury
Boston, N. Bk. Redemption
6
4, 4>s
1,
July.
J
A.
123,000
132,000
3,115,000
333,000
150,000
1,288,000
489,500
845,000
2,608,000
186.000
1,858,000
1.333,000
1,925.000
750,000
1.658,500
1,950,000
98,000
194,000
397,000
171,500
750,000
60,000
175,000
100,000
150,000
150,000
100.000
300,000
600,000
8,071,000
4,825,000
2,260,500
995,000
65,000
200,000
140,000
50,000
76,000
619,010
2,354.000
24,706
79,000
499,500
2,473,000
575,000
150,000
1,775,000
1,784,000
80,000
275.000
Due.
J
7
6
When
Princtpa'
J
J
J
M.
N.
Various
Various
3>a
1,092,000
Population in 1870, 396,099. against 566,663 In 1880. Valuation of
property and tax rate per $1,000 have been
Real.
Av. Rate.
Personal.
Tears.
$336,221,357
1885
$2650
$22,049,310
27595
362,166,083
1887
21,685,591
385,904,998
1888
22.597,240
1889
407,127,535
21,330,546
The debt of Kings Co., separate fromtbedebtof Brooklyn, Aug. l,'88,was
of which the oity is responsible tor l.-pitiB.
(V. 48, p. 99.)
84,639,500, Buffalo. Total Minded debt, Jan., 1889. $9,417,676; deduct water
fund
net
assets,
$217,618
debt, $6,089,176.
debt, $3,110,882; sinking
Valuations and tax per $1,000 have been:
Real estate.
Years.
Personalty. Tax Rate.
$99,912,470
$8,401,675
$17 21
1885
17 27
:
113,963,945
8,405,225
1886
14 78
119,876,145
8,755,150
1887
53
15
123,693.<)00
9,383,405
1888
14 15
147.159,825
10,344,455
1889
of
Erie
debt.
The
on
different
77-100
also
interest
Buffalo
county
pays
bonds is 3H. 4, 4s, 5, 6 and 7. Population, 230,284 in 1887 (police
census); 154,766 in 1880; 117,714 In 1870.
Total debt Jan. 1, 1889, $3,960,033, against
Charleston, 8.
Con$6,241,710 in 1870. There are also $23,000 5 per cents.
of
and
1879 are issued In exchango for city stock.
1878
version bonds
Valuations and tax rate per $1 ,000 have been:
Real Estate.
Personal Prop.
Tax Rate.
Years.
$16,753,760
$8,138,153
$
1885
14,221,290
1887
7,290,912
33 75
1888
14,527,350
7,042,205
Tax rate in 1888 includes: State tax, $9 00; school tax, $1 25 city
tax proper, $23 50
total, $33 75 per $1,000. Population, 49,984 in
1680; 48,956 in 1870.
Chicago. The city debt is limited to 5 per cent of he Illinois State
valuation. "'Mai funded debt January 1, 1889, was $12,561, 500, but
hlch yield an
$3,966,500 of this was on account of the Water Works.
income much above the Interest charge on the debt. 8lnktng fund,
$864,082. Tax rate in 1888, 35-62. Valuations (about one-third true
:
INTEREST.
Where Payable and by
Whom.
Payable
When
Rate.
Am. Ex.
NOV.1.1896A1907
1917 A 1918
Ap.'95 A Aui'. 05
July,1890 to 1897
-10
94-'98-1907.
1906 and 1011
1889 to 1Apr. A Oct., 1898
Jan.
A Jul v
1.1909
1889 to 1908
1, 1891 to '95
Sept. 1,1889-1890
Aug.
Nat. Bank. July,'97AJan..'98
A J
do
do
July, 18H>,'2,'4,'5
A J
do
do
July 1, 1902
A J.
do
do
July 1, 1908
do
7
J. A J
do
July,'2, '91 A '95
do
do
4% J. A J.
July 1, 1900
do
7
J. A J
do
July 1. 1904 A '08
6
do
J. A J
do
J'y, '90, '2, '3, '4,'5
7
J. A J
do
do
July, 1895 A 96
4
J. A J
do
do
July 1,1890 to 99
do
do
7
J. A J
April 1, 1901, '7,'8
5
M. A N
New York A Chicago.
1890. 1892
4 A 4*8 J. A J.
Jan. 1, 1899
Chicago.
4
M. A N.
do
May 1, 1900-1905
4
M. A 8.
do
Mar. 1,'90 to '08
N. Y., Bank of America.
6
J. A J.
Jan. 1, 1890
Am.
6
M. AN, N.Y.,
Exch. Nat. Bank.
Nov. 1, 1890
6
A. A O.
N. Y. Bk. of Americj.
April 15, 1895
do
6
M. AN.
do
May 1, 1897
7 3-10 J. A D. N.Y., Am. Exoh. Nat. Bank. June'97ANov..'98
do
do
6
J. A J.
Jan. 1, 1000
6
Various N. Y. Bk. of America
June A Oct.. 1900
3-65 J.
4
J.
M.17AS
6
7
7
7 3-10
6g.
A
7-3
6A 7
7
6 A7
7
5 A6
7
7
A7
4A5
4 A5
5
4
4
Am. Exch.
do
do
do
do
do
do
do
A A.
A D
A J.
M. A N
Various
M15&N
J. A J.
F. A A
M. A N
M. A N.
F. A A.
F.
J.
J.
Nat. Bk.
do
do
do
do
do
do
do
do
Cincinnati.
A J.
A D. N. Y., Am. Exch.
Various
do
do
T. A D.
J. A D.
do
4
3-65 to 7 Various
Y.,
Various
Various
7
Am. Exch,
do
Nat. Bk.
do
do
do
Nat. Bk.
do
do
do
do
do
do
7 Various
7
1397
1891
1902
1906
May
1902-190S-1909
1904
May 15,
Jan.ANov.l. 1890
Aug.,'90 A 95
Var. 1894 to 1909
May 1, 1906
Aug. 1, 1897
1890 to 1 899
1930 A 1931
May, 1890
May, '91 A J'y,'92
June 1, 1001
1905 to 1900
Junel, 1907 A'O*
June. 1900
1892 A 1903
Var.1889 to 1902
Nov., 1889 &'92
Var. 1894 to '98
Dee.
July
Am
Various
Sept. 15, 1899
Sept. 15,1899
Oct. 1, 1899
Aug.
Cincinnati, City Treasury.
N. Y..
Exch. Nat. B a,
Cincinnati, City Treasury
N.Y.. Am. Exoh. Nat. Bank
Cincinnati, City Treasury
N.Y., Am. Exch. Nat. Bauk
Semi an Clnein., Office City Treaa'r.
Various N. Y Am. Exch. Nat. Bk,
4
4
6A
Y.,
J.
J.
4, 5, 6,
Mar., 17, 1908
Cincinnati, City Auditor.
7 3-10 M.15AS N.
7 3-10 M. A S.
7 3-10 A. A O.
1,
1,
1,
1,
Real Estate. Personal A RR. Tax per $1,000.
$35 48
$31.720.2i>7
$103,606,743
33 87
35,516,009
122,930.123
34 76
38.035.080
12J.679.654
The
South
and
in
was
1880,
503,185.
Park,
298,977,
Population in 1870
West Chicago r'ark and Lincoln Park loans are not debts of the city.
rears.
1884
1886
1887
(V. 48, p. 609).
Cincinnati. Total funded debt Deo. 31, 1888, $26,058,207; in
addition there are $1,196,076 street improve, bonds held as snikiug
fund for above. Of the outstanding debt $15,156,500 is for Cin. South.
Railway (pays city $9C0,000 till 1901, then $1,250,000). and $1,525,000 for water works (self-supporting) balance, $4,727,207. In 1870 the,
population was 216,239, against 255,139 in 1880. The following tablefrom the books of the Auditor of Hamilton County, Ohio, exhibits theassessed valuation of the city of Cincinnati for three years named
l'otal Val.
Tat rate.
Real Estate.
Years.
Personalty.
;
:
$167,535,354
1880
$37,578,376
8129,956.930
174,537,847
1887
43,806.977
130,730,870
174,779,510
1888 (tax -89)
The city owns the stock of Cin. 8. RR., leased as per terms, V.33,
$31 00
27 68
......
p. 281.
319.
-.275,80C (water
Cleveland. Total funded debt Jan. 1, 1880.
net debt. $6,888.debt, $1. 775,000); sinking fund assets, $1,887,497
The sewer, street improvements and street opening oonda
303.
are for special local improvements, and redeemed by assessments on the
property benefitted. Pop.,160,146in 1880; 92,829 in 1870. Assessed valuation, tax rate, lent, and par value of slnklDs funds on Dec.31 have been:
Real Estate.
Personalty. TtxRate.
Years
Total Debt.
See also V. 46,
p.
;
1885
1886
1888
$7,625,000
8,710,900
28-30
26,786,240
68,136,3*5
8,275,800
Tax rate in 1888 (for tax of 1*89) includes: St ate tax, $2-90; county
1615; other. $0-45.
roper,
city tax
tax, $2-80 school tax. $600
total per $1 ,000, $28-30. (V. 45, p. 74>.)
Ues Moines, la. Assessed value of property $11,500,000. which Is
about 20 per cent of true value. Population In 1870, 12,035 In 1880,
22.400 in 1887 (estimated), about 45,000. Sinking fund Jan. 1, 1888.
amounted to $18,450. There is a levy for si nklng fund each year, and
in 1887 $170,000 bonds were ledeemed.
.
;
;
i
;
;
September,
CITY SECURITIES.
1889.]
Subscribers will conger a great favor by giving Immediate notice oi any error discovered In these Tables.
INTEREST.
Date of
Size or
Amount
DESCRIPTION.
Principal When
When
bonds.
Where payable and by
_ t.
outstanding.
due.
par
n
Kate.
value.
whom.
For explanations see notes on first page of tables.
payaDle
Cleveland (Con.) Gen. bonds, varl's purposes. 1885-89
Viaduct (mostly F. A A... A. A O. and J. & D.) 1873 to '78
1886 to '88
Elevated Roadway
Various.
Special bonds
1884-5-6-7
Kingsbury and Pearl Street Bridges
April 1
Columbus, Ohio, Schol bonds
1885
Des Moines, ibwa 2d renewed judg. bds. 5-20e
1878
Funding bonds, extended in 1888
....
1886
Warrant funding bonds drawn at par
Detroit.Mieh. For Water W.Co., on city's credit 1855 to '81
1869-'70-l
Public Building stock (City Hall) bonds
Public sewer bonds ($35,000 are 6s, due 1897) 1872 to '77
Publio sewer bonds ($100,000 3*as, due 1906) 1886-8S-89
1879-82
Belle Isle and Market bonds
Public Improvement
1888
1886 A '87
Publio Improvement, ($30,000, due 1911).
1882
Elizabeth, N. J. Adjustment bonds and scrip ..
1870 to '73
Erie {Pen n.) Water bonds
Improvement bonds ($38,500 due Nov., '89. 1869 to '73
Consolidated bonds, $35,000 are 6s, 1898. . . 1874 to '78
1887-89
Refunding bonds
1887
Eransville, Indiana. Series A, fund, debt loan.
do
do
Series B,
1887
do
Series C,
do
New Water Works loan
gall River, Mats.
1887
1887
City notes
City bonds
do
gold
do
($50,000 are 5s).
.
.
. .
Temporary loans
Bonds to fund floating
debt.
school,
B'ds for mat'g b'ds.Ac. ($150,000, 5s,AAO)c*r
City of Jersey City loan
Bonds 1889
Kansas Oitv, Mo. Renewal 20-year bonds
Renewal 20-year bonds, $10,000. 7s, 1898
Funding and renewal bonds, series "B"
...
Detroit, Mich, Total funded debt July
1.000
100 Ac.
100 Ae.
500 &o
1,000
1,000
1,000
1,000
Large.
1873
1,000
1887
2,000&c
1871 A '75 1,000
1883-6
1,000
1877-8-9 100 Ac.
1880 A 88 100 Ac.
1888
1865-'81
1876
1868
1872
1879-'80
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1863
1875
1889
1875
1865 to '77 500 Ac.
1878
1,000
500 Ac
1878
1880-'83 500 Ac.
1887
o.OOOAc
1888
5,000
1870
500
1877
1,000
1873
1,000
1873
1,000
1874
1,000
1875
1,000
1874
500
1852 to '77 1,000
1869 to '73 1,000
p*r
CAr
1,000
500 Ac
1,000
1,000
1,000
1,000
Ao
Ac
i",6bo
1,000 Ac
Various
1872
1871 to '88
1870
1872
Old J.C.b'ds ($206,000, Nov. l,'89,M.AN.)..cAr 1864-'65
r 1869-'70
Hudson City bonds
Bergen Bcn'l loan b'ds ($50,000 due J'y l,'98).r 1868-'70
Bergen st. improv. and bounty loan bonds. .r 1865- '69
Assese't fund.b'ds ($300,000, 1906, J.AJ.).c&r 1875-'76
Improvement bonds, Oreen.
Morgan street dock
Funded debt bonds
500,Ac
1,000
1,000
.
.
1,000
1,000
50,000
1,000
1,000
lOOOAc
o*
c*
c
e*
1898. .0
do
do
$175,000 are 5s, due May,
do
o'
(sewer)
Water loan, $25,000 due j 'rly, 1892 to *99.cAr
cAr
do
do
$100,000 due 1906 are M. AN oifcr
do
cAr
do
Mats.
bonas
City
Filehburg,
Municipal bonds ($2,000 or $ 2,500 due y 'ly ) .
Water loanj$300.000 due July 1, 1891)
do
$50,000 4 per cents are 10-20s .r
Balvcston, Tex. Um. debt bds. (s.f.2%) pay .atwil 1
do
Limited debt, 40 year b'ds e. f
W. W. 8. 1. A C. H. 40-year bonds
Hartford, Conn. Waterbonds
City bonds (H. P. AF. RR.)
Funded debt
Capitol bonds
Hartford town debts to railroads 10-25
do
do
war
do
floating debt
do
New bonds, non-taxable ......
Hoboken, N. J. Judgment bonds
Bonds, various
Bonds for redemp. impt. certs
do various ($75,000 doe Feb. 1, 1899)
do various ($196,000 due Nov. 15, 1901).
Sohool House bonds
Public bath
Indianapolis EoDds to I. C. A D. RR. C0....0*
Bonds to Un. RR. Tr. Stock Yard (mort.)...o*
c*
Loan bonds, series A
c*
do
do B
c*
do C
do
do D
o*
do
Pnrc tase-money bonds Southern Park
Water
loan
bonds, mostly coupon
Jersey City
Water loan bonds, mostly coupon
Water loan
cAr
City government
$1,000
1879
1,000
1,000
1,000
Various
1,000 Ac
Vari ous
1,000
1884
75-''76-'77
1878
'81
l'.OOO
1873
1,000
"
1,
:
IV. J.
Default was made in interest February 1, 1879,
proposition to issue 4 per cent bonds at 50 per cent of the face value
bonds was made, and has been generally accepted, of tho old
debt only some, $301,000 remaining unadjusted January 1, 1889.
Assessed valuations and tax rate per $1,000 have been as follows
In
1886, $12,628,710, rate, 27-20 In 1887, $13,007,295, rate, $26-80:
in 1888, $12,991,000; rat, $2980; in 1889, $13,450,000, rate, $290.
Population. 1880, 28,229; in 1870, 20,832; estimated in 1836 to be
32.600. (V. 46, p. 828; V. 47, p. 50 ; V. 49, p. 51.)
Elizabeth,
of old
-
;
Bvansvllle, Ind. There was default in payment of Interest from
April, 1883. r In 1887 the old debt was nearly all funded into the several
Issues of bondfe above given.
Years.
Real Estate.
Tax.
Personalty.
1885....
1887
1888
$13,527,090
13,066,645
15,184.693
15,038,570
$6,519,820
6,682,395
6.239,810
5,7^7,138
A4
F.
A
3>s
4
7
7
7A6
F.
J.
A
A
A.
D.
4
6
3 78, 4
6
J
J.
J.
J.
A
A
A
A
A
J.
J.
J.
J
J.
J.
Various
Various
A A.
N.
A N.
5 A 6
3 78 M.AN.
6
M. A N.
Various
6
F. A A.
6
5
Various
4
F. A A.
6
J. A J.
4
M.AN.
6
J. A J.
313&4 A. A O.
M. A 8.
8
5
J. A D.
5
J. A J.
5 &6
Various
J. A J.
6
6
J. A J.
6
J. & J.
J. A J.
4>a
6
Jan
6
J. A J.
J.
A.
5
413
F.
4
Various
Jan.
7-3
7-3
73
73
73
6
7
5
7
7
7
7
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A.
J.
J.
J.
J.
J.
J.
J.
Various
J.
A" J.
Various
J.
7
7
7
7
7
J.
A
A
A
A
A
J.
N.
O.
J.
J.
Various
"e
5
"i" J.
A O.
Various
Various
Various
6
6
A6
6
do
do
do
do
do
do
1892-'93-'94'97
N. Y., Merch. Ex. Nat. B'k.
A
M.
3
7
7
6
6
do
do
do
do
do
do
F.
a"d.
Various
Various
a!" M. A
4
1908
1906,red.atoption
Aug.,18S9 to 1906
June, '89-'90-'91
J
j.
J.
F.
5
do
do
do
N. Y, First Nat. Bank.
1906 A '18, '19
1889 to 1902
Jan. 1, 1918
1911 1916 A 1918
N. Y., Mercantile Trust Co.
July 1, 1912
New York.
1590.1892, 1893
do
Nov.l,1889A1893
do
1894 & 1898
do
Jan. 1, 1907
N. Y., Winslow, L. A Co.
Jan. 1, 1912
do
do
Jan. 1, 1912
do
do
July 1, 1912
do
do
July 1, 1913
City Treasury.
Aug. 5, 1892
do
Apr.A Sept. 1891
Boston, Revere Bank.
Aug. 1, 1894
Boston, Bank Redemption.
May 1, 1895
do
do
May 1, 1895
do
do
1896-'97-'98
City Treasury.
May 1, 1905
Boston, Bank Redemption. Nov. 18, '92 to '99
do
do
Aug. A Nov., 1899
do
do
1900, '04, '05. '06
do
do
1908 A 1909
do
do
Aug. 1, 1900
Boston, Merchants' Bank
July 1, 1893
do
do
1839 to 1897
do
do
July 1, '91, 1905-8
do
do
1894,95,98 A 1903
New York or Galveston.
1393-1909
do
do
1920 A 1928
do
do
1890-1906
City Treasury.
Suffolk Bank, Boston.
Jan. 1, 1891
Jan. 1, 1893
City Treasury.
do
Jan. 1, 1897
Town Treasury.
Jan. 1, 1890
do
$10,000 yearly
do
Jan., 1900
July 1, 1909
on
Feb. 1, 1905
coupon (
1 Interest
bonds paid at First Nat. Jan., 1890 to 1896
Deo. 1, 1898
Bank, Hoboken
reg.
int. paid by City Treas- {
1893 to 1902
\
urer interest on Water 1901,1903 A 1910
bonds paid by Water
Aug. 1, 1907
Oct 1, 1898.
J Registrar.
(
Jan. 1,1890
Indianapolis City Treasury.
N. Y., Winslow, L. A Co.
Jan. 1, 1897
do
do
July 1, 1893
do
do
July 1, 1893
do
do
July 1, 1894
do
do
July 1, 1895
do
do
Jan. 26, 1894
Y. Meroh. Ex. N. Bank,
1891 to 1909
do
do
Var. J'y,'89to 1913
do
do
.Feb. 1, 1913
do
do
July 1, 1913
do
do
1891 to 1906
do
do
June 8, 1900
do
do
May 1, 1897
do
do
Nov., 1889-1890
do
do
1900
do
do
Jan., '98 A 1900
do
do
1889 A 1890
do
do
1894, 1905, 1906
Various
4
5
413
do
A.
M. A N.
Various
Various
3-65
500.000
558,000
50,000
150,000
441,000
300,000
90,000
250,000
A7
4
549,000
:
1884
7
6
3 "a
5,151,333
125,000
1888, was $2,531,500
deduct for water works, $1,137,000; assets of sinking fund, $725,877
net debt. $668,622. There are $10,000 House of Correction bonds;
due 1893. The population in 1870 was 79,577; in '80, 116,340;
In 1883, 130.0OO.
The value of water works is about $3,500,00The water works bonds are issued on a pledge of the city credit, and
$75,000 per year collected in taxes to pay interest on them!* Population in 1886 about 175,000. Valuations (biised on true value) and tax
rate have been
Years.
Real Estate.
Personal.
Total.
Tax Rate.
1880
$64,556,035
$19,807,705
$34,363,790
$1183
1834
82,793,115
27,928,880
11-44
110,721,995
1887
105,327,840
36,180,040
12-04
142.407,880
1888
112,740,300
39,558,840
13-10
152,299,140
A
4
4>s
4to7
3,329,000
525,000
1,000,000
1,028,000
1,353,000
600.000
1.000,000
2,867,000
A 4a
6 A 7
Various N.Y. Am. Exoh. Nat. Bank June, 1890-1905
Various
do
do
Var. 1893 to 1907
4 A5
Various
do
Vr. 1901 to 1904
do
Various
do
do
Var. 1889 to 1903
4, 5,7
do
do
Var. 1899-1903
4,4^.5 Various
A. A O.
N. Y., Nat. Park Bank.
5
April 1, 1899
4<
J. A J.
N. Y., Coffln A Stanton.
1905, payable '90
4
5.
219,500
337,000
151,250
261,000
45,000
10,000
45,000
500,000
300,000
300,000
300.000
200,000
109,500
984,000
1,600
500 Ac.
1880-'l
A
$127,000
2,138,000
884,000
627.300
300,000
100,000
228,000
160.000
210,000
1,137,000
217.000
291,500
510,000
121,000
100,000
370,000
3,250.000
133,000
62,000
527,700
306,500
675,000
350,000
720,000
400,000
i 00,000
45,000
600,000
450,000
100,000
261,860
125,000
200,000
300,000
800,000
300,000
100,000
400,000
32,500
400,000
104,500
115,900
1,249,400
500,000
827,000
500,000
300,000
1,000,000
500,000
50.000
203,000
750,000
54,000
A D
A A.
J. A D.
A. A O.
I
|
;
;
I
1
|
I
J
.
Demand.
do
Feb.
1, 1909
1910-1911
April 1, 1904
do
-
"8
6
A7
8
8emi-an
Semi-an
M. A N.
dew York, Ninth
do
do
Nat.
do
do
1895, 1896 A 1897
Nov., '98-Jan. '01
Bank
I
May
1,
1893
INVESTORS'
10
gnbacrlbera will confer a
imt favor by giving Insedlate notice of
DESCRIPTION.
For explanation* see notes on
Date of
first
page of tables
(Conrrf)-Floatlng debt
Kansas
Bonds to K.CA8.F due '90
Lawrentr. Matt. Sewer loan
Funded debt
City. Jfo.
,
4
txls.
K.CAN.('97).
do
Water loan
v.----;
Island
City- General bonds
Long
Tax or revenue bonds
UyuiMvUU, Ey. Water works
For improvement of streets...
For municipal Improvement
Re-constructlng street
Pub.bldga.Alnstns.$122,OCOor91,pa.at8.F.of.
Bewer bonds
do
Elizabeth A P. Bsuroad
Wharf property ($124,000 due
May 14,
1898)
boras
For old Uahll>, $119,000 of 1901, pa. at S.F.o J.
do
do
do
do
(half are 10-10 and half 20-40)
Louisville, New Albany A St. L. Air Line RR
Jail
RR
Loulsv., Cln. A Lex.
City bonds Dayable by Loulsv. A Nash. RR...
Road bed,
Municipal bonds
Lowell,
Matt.
City notes (various purposes)
.
.
Bridge bonds
Water notes
Water bonds
Sinking fund
Lynn, Matt. Water bonds and notes
Water loan, act of 1883, 30-year bonds
r
act of 1888, 30-year bonds, s. f o*
do
Municipal loan. School and Engine Houses...
Mancnettcr, IT.
City bonds
Water bonds
Bridge bonds
Ifompaw.remi. Comprom. 6s,dnel907,8tam'd.c
Tax dlst. 6s. due 1913 (may be called)
Taxdist. 6s, due 1915
Milwaukee, Wit. General city b'ds (d'n at par)
do
(not liable to be called in)
do
do
do
(drawnatpar)
bonds
(drawn at par)
Bridge
Water bds. $240,000 due 1903,di 'n at ICO.oAr
do
Ref undU g ooupor (drawn at par).
do
School bonds
B
,
Bath and Intercept Sewer bonds
Minneapolis, Minn. Railway Aid
Gen. purp's, schools, Ac. ( $605,000 are 4 A4>s8)
Parks ($100,000 are 4s)
Licrary ($40,000 are 4)
Water Works ($620,000 are 4s)
f Permanent Improvements ($1,405,000 are 4s)
Bridges over Miss. River ($320,000 are 8s)...
Sewers ($65,000 are 7s A 8s)
Mobile Fdg.bdf". ,dr'n at 100 (4 p.c to Jan.il90 1 )
NathvUU City bds. ($25 ,000, due 1901)MAN c*
Bonds
-
Municipal Bridge bonds
o*
Waterworks($50,000 due yearly after 1906)0*
Waterworks ($300,000 due 1918)
Newark Floating debt, Ac, sinking fund
Public sohool bonds, sinking fund
oAr
Clinton Hill bonds (s. fd. 3 p. o.)
oAr
Corporate bonds, sinking fund
Sewer and improvement b'ds (local liens) s. f
in
due
Board
'92)
bonds($2,490,000
Aaueduet
Tax arrearage bonds, sinking fund
do
sinking fund
do
Funded debt bonds, sinking fund
and
City tax, sinking fund
Annexation
Intercepting Sewer bonds
Matt.
City improve, (part s. f.)
Mew Bedford,
.....
Water bonds
do
($100,000 4s due 1894)
Bewer and Bridge bonds (part sinking fund)
Ifexc Brunswick, If. J.
1st A2dmort. water works bonds
Water bonds of 1 873, '74 ($10,000 only are 6s)
City improvement bonds
Sinking fund bonds
do
do
do
do
do
do
.
.
Short bond
.
. . .
.
^1^_
=JJ::IJ
SUPPLEMENT.
~ ;J ~~~~JJJ^~
(VouXLlX.
any error discovered In flww Tables.
September,
CITY SECURITIES.
1889.]
11
Subscribers will confer a great favor by giving Immediate notice ot any error discovered In these Tables.
INTEREST.
DESCRIPTION.
Date of
Size or
Amount
Prinoipal When
Bonds.
When
Where payable and by
due.
par
outstanding
For explanations see notes on first page of tables.
Rate.
Value.
Brunttcick, K. J. (Cont'd).
Commissioners of streets and sewers
7
Whom.
payable
.Veto
M.
M.
A N. New
A N.
A O.
A J.
A A.
A D.
Bruns'k Nat. Bk., N.J
do
do
1894-1898
1898-1906
1871
Oct. 1, '91A1901
7
$1,000
City Treasurer.
do
Bonds (10-20 b'ds) reduced to 4 p. c. in 1887.
1877
4
J.
1,000
July 2, 1897
F.
do
1883
1895 to 1904
1,000
Sewerage bds. (pay'le $15,000 y'rly from '95).
Bonl'vard sewer b'ds (pay. $25,000 from 1902)
1887
J.
do
3i3
1,000
Deo., 190 2 to 1908
1852 to '69 1,000
Various
Sew Orleans Consolidated debt
6
New Orleans.
Jan. 1, 1892
Consolidated debt, extended
1852 to '69 1,000
Various
do
6
1922 A 1023
3,430,000
1884
5
J. A D.
do
June 1, 1934
1,000
Judgment bonds, red. at 100 on notice
1,188,604
5 Ac.
Certificates to fund coupons, red. at 100
1383
J. A J.
do
6
Jan. 1,1893
1,875,750
Railroad debt (all extended except $69,000).. 1854-75
Various
6
do
1894 to 1923
1,000
397,000
1869
6 A7 M. A S.
do
1894 A 1922
50, Ac.
Funding loan of 1869 ($27,150 ext. to 1922).
567,750
1870
6 A7 J. A D.
do
1895 A 1922
50, Ac.
Funding loan of 1870 ($23,300 ext. to 1922).
375,750
Park bonds (mort. on parks)
1871 A '84 1,000
Various
do
Feb. 1904 A 1923
6 A7
249,000
Jefferson City (debt assumed) extend'd
1857
6
1922 A 1923
20
J. A J.
do
41,500
Premium bonds (in exchange for other bonds)
1875
When drawn.
5
do
7,069,820
Water Works ($72,400 extended to Jan. 1923)
1869
5 A6 j. "a"j.
do
1899 A 1923
82,400
Other old bonds (mr stly ex. to 1022 & 1 933) 1857 to '73
do
1892 to 1923
245,077 6 to 10 Various
New funding bonds ($20,000,000)
1888
5 or less J. & J.
1918
<D
Various
1894 A 1900
8
Newport, Ey. Bonds $15,000 only, due 1894 .. 1870 A '74
75,000
Bonds ($700,000 for water w'ks, 1901 to 1903) 1871 to '74
M. A N.
1894 A 1901 to '03
73
800,000
Renewal 20-yr bonds, $20,000 are 5-20s
1880'83'34
5
J A J.
1903 to 1906
129,000
1886
4
....
J. A J.
Bridge bonds
38,000
July 1, 1911
Sew York Armory bonds
1884 A '89
500
1,572,000 2'u4 3 M. A N.
Aug. 15,'94,04,'07
Assessment bonds
1884 to '88
500
M. A N.
Nov. 1,1889 to '98
4,158,000
3, 3ifl
Assessment fund stock
1868 to '83
500
1903 A 1910
1,393,650 4,5,6 A 7 M. A N.
Additional new Croton Aqueduct stock
1872 to '77
500
1,331.300 5,6 A 7 M. A N
Aug. 1, 1900
Croton water stook
.. 1847 to '52
100
Feb.
5
A6
321,400
1, 1890
Q.-F.
Additional Croton water stock
1871 to '88
500
6,559,000 2is to 6, 7 M. A N.
1891, '99 A 1904
Additional waterstock, red'm'ble after 1913. 1883 to '84
500
445.000
3i
A.
A
O.
Oct.
3,
1, 19331
Additional Water stock
1885-9
500 20,950,000 2>a,3,3is A. A O.
Oot.l, 1904, '5A 7
Croton water main stock
1871 to '81
500
Nov. 1, 1900-1906
5,196,000 4, 5, 6 A 7 M. AN.
Croton Reservoir bonds
..
1866
100
6
20,000
Aug. 1, 1907
Central Park fund stock
1856 to '58
100
5 A6
674,300
July 1, 1898
do
do
1865 to '71
100
June 1, 1895
6
1,766,600
q!-f!
1869 to '78
500
A
7
M.
N.
Nov.
A
City improvement stock
1,1889A'92
7,977.515 5,6
do
do (cons., $687,803 red. aft. '96) 1876 to '80
500
1900 A 1926
5 A6
M. A
701,419
c. A r.
1874
500
Nov. 1, 1896
City lmpr. stock (cons, st'k)
820,000
6g. M. A N
1869 to '70
100
6 A7 M. A N.
City Lunatic Asylum stock
700,000
Aug. 1, 1889
1871to'80
500
1901-1904
City parks improvement fund stock
4,799,000 5,6 A 7 M. A N.
Consolidated stock, county
c. A r. 1871 A '72
500
J. A J.
8,885,500
July 1, 1901
do
Ar.
c.
1871
A
'72
500
J.
A
J.
city
4,252,500
6g.
July 1, 1901
do
dock bonds
c. Ar.
500
1871
1,000,000
6g. J. A J.
July 1, 1901
do
1872
500
Jan. 1, 1902
862,000
6g. J. A J.
city pks. impr. fd. st'k, do.
do
red. aft. 1908
c. A r.
1878
500
M. A N.
Nov. 1, 1896
6,900,000
g
as
do
c.
Ar.
1874-'75
500
M.
N.
Nov.
A
city
1,564,000
6g.
1, 1928
do
1872 to '74
500
Nov. 1, 1894
6 A7 M. A N.
city
2,455,000
do
1874
500
7
Deo. 1, 1896
J. A D.
county (A AB)
1,680,200
GO C3
do
1874
500
7
J. A D.
Deo. 1, 1896
city (B AC)
6,324,700
do
1876-'77
500
5 A6
M. A N.
city (DEAF)
1,858,349
May 1,19 16, A 26
a.
do
1877 to '84
500
4 A5 M. A N,
Nov. 1,'89,'97'99
city (GK LAM)
956,100
do
1880
500
4
M. A N
Nov. 1, 1910
city
2,800,000
jo
do
consol. st'k (Hiker's Isl'd)..
1884
500
3
M. AN.
180,000
Aug., 1894
do
1886 to '88
500
Nor. 1, 1906-1908
(Harlem River Bridge)..
2,810,000 2i.j&3 M. AN.
Is
Dock bonds
1870 to '83
500 14,103,000 2* to 7 M. A N.
Nov. 1, 1901-1919
Consol. stock (Metropolitan Museum of Art)
500
1884V88
Nov. 1,1905-1913
257,000 2"s A 3 M. A N.
Fire Department stock
1869-' 70
100
M. A N.
6
Nov. 1,1899
521,953
II
Gansevoort Market cons, stock, rev. bonds. 1887 A '88
500
3
M. A. N.
Nov. 1, 1907 A '09
503,715
Market stock
1867 to '69
100
6 A7 M. A N.
296,000
1, 1894 A '97
May
Museums of Art and Natural History stock. 1873 to '81
500
958,000 4,5 A 6 M. A N.
May 1, 1903
2
N. Y. City bds.for const. of bridge ov.HarlernR. 1879 to '84
500
Nov. 1, 1891
499,500 3,4 A 5 M. A N.
1869 to '75
N. Y Bridge bonds
100
6
N.
Nov. 1, 1905
1,500,000
do do Consol. stock, redeem, after '96
1876
500
6
M. A N.
500.00C
May 1, 1926
do do $500,000 af.'96,$l,421,900af. 1900. 1876 to '80
500
5
1,921,900
Q.-F.
May 1, 1926
do do $750,000 af 1903, $416,666 af 1905. 1880 to '83
500
4 A5 M. A N.
1,166,6<;6
May 1, 1928
Ninth District Courthouse bonds
1871
500
M. A N.
300,000
7
, Nov. 1, 1890
Normal school fund stock
1871 A '72
500
6
M. A N.
Nov 1,1891
200,000
N.Y. Co. Courthouse st'k, Nos. 1, 4 A 5
1862 to '82
100
Nov. 1, 1889-'98
1,053.000 4.5.6A7 M. A N.
N. Y. and Westchester Co. improvement bonds
500
M. A N.
1871
6
Deo. 1, 1891
30,000
Public school building fund stock
1871 to '74
500
6
M. A N.
Nov. 1, 1891
636.000
SS)
School House bonds
1884-'88
500
3
M. A N.
2,470,000
1894,1897 A 1908
s -a
i
Soldiers' bounty fund bonds
1864
100
M. A N.
6
8
1,000,000
Nov., 1889-'90
do
do
No.3
1865
100
7
M. A N.
Nov. 1, 1895-'97
745,800
l st;:,
Soldiers' bounty fund red. bonds No. 2
100
M. A N.
7
Nov. 1,1891
376,600
Tax relief bonds, No. 2
c. A r.
1870
500
7
M. A N.
Nov. 1, 1890
3,000,000
= 5
Third District Court-house bonds
1874 to '77
500
9 A6 M. A N
Nov. 1, 1890
398,000
o S
Waiter stock of 1870
1872
Nov. 1, 1902
500
6 A7 M. A N
475,000
3
Debt of annexed territory of Westchester Co.
Various
500
7
1889 to 2147
658,500
Cons, stock ($70,000 due Nov. 1, 1913)
500
887" A '88
Nov. 1,1907 A '13
262,000 2^ A3 M. A N.
Cons, stock (new parks) red. 1909)..
1889
500
Nov.l. 1909-1929
2^ M. A N,
9,057,000
6
Various Bait Brown A Lo's A Nor. July, '94 to 1914
100
860,-iOO
Norfolk, Va. Coup, bonds ($413 400 due 1914) 1870-V31
1881--86
A. AO.
1911 to 1916
100
5
do
do
660,000
Coupon bonds of 1881
Trust and paving, coup. ($189,300 due 1893). 1872'73
A. AO.
100
8
do
do
290,800
Apr.,'92,July,'93
M. A 8.
1887
500
5
Norfolk.
Coupon bonds
37,500
Sept. 1, 1917
1st M. water works ($500,000 due May, 1901 )c
1871
100
5 A8
M. AN. New York and Norfolk.
640,000
1901.1914A1915
Newark. Total funded debt, excluding water debt, Deo. 31, 1888, iit. for an amount not exceeding $20,000,000, to retire by parohase or
was $7,61 8,0< 0; (he temporary debt was $1,514,012; and tlie sinking exohange the outstanding bonds and certificates. 'Valuation of property,
fund amounted to $2,6^8,945 ($237,222 cash, rest loans and bonds at real and personal, in '80, $91,117,918; tax rate per $1,000, $18-20
par, mostly those of the city itself). The Aqueduct bonds are not In '85, $123,929,268; tax rate $25-40; In '86, $127,705,853, tax rata
a direct liability of the city. Real and personal property have been as- $20 20; in 1888, $119,361,801. tax rate $20 20 (oity expenses tax
sessed at about two-thirds of true value as follows 1884, real estate, $lo; premium bond tax, $5 redemption interest, Ac, $i; park bond
$72,456,775; personal, $18,524,775; tax rate per $1,000, $20 30 1885, tax, $0-20 in 1889, $129,286,507); tax rate same aa in 1888. A scheme
real estate, $74,189,110; personal, $18,730,160; tax rate, $19 30. In
for settling the debt by a bond premium drawing plan is in practice,
1887 total valuation was $95,090,553, and tax rate, $20-20. Popula- and drawings take place Jan. 31, April 15, July 31 and Oct. 15 Population in 1870, 105,059, against 136,508 in 1880, and 155,000 in 1885.
tion in '80,216.090. (V. 47, p. 50, 170, 472; V. 48, p. 189; V. 49, p. 269.)
(V. 49, p, 114.)
.Newport, Ky. Total funded debt Jan. 31, 1838, was $1,071,000, of
New Bedford, mass. Debt Jan. 1, '89, $1,335,792. Pop., 35,000 which
$3u0,000 was water debt; sinking fund assets Dec 31, 1887,
In '86. Assessed valuations in '87 were real estate, $17,372,600; perAssessed valuation (about two-thirds true value) In 1887
$30,749.
sonal property, $15,309,694; tax rate, $17-40. In 1889 were real estate,
personal property $605,716, oal estate $7,023,840; tax rate 1882 to
$18,928,800, and personalty, $15,718,866; tax rate, $17-10 per $1,000. 1887, inclusive, $20 00 per $1,003; population
In 1887,
1380, 20,433
(few Brunswick, N. J. The fiscal year ends March 31. In 1888 estimated 30,000.
the assessed valuation (of about "3 true value) of real estate taxable was
New York:
The following statement shows the details of
$4,44 1,065; personal, $2,060,060; tax rate, $38-50 per $1,000. Bonds funded debt andCity,
the amount in the city sinking fund at the dates named:
held by sinking fund March 4, 1889, amounted to $130,000. The oity
1 are now under able and conservative
Jan. 1, 1888.
Jan. 1, 1389.
Jan. 1, 1887.
management, and the acDescription.
1 net debt is decreasing.
On April 1 the statement was as follows for Total funded debt
$128,263,719
$132,445,095
$125,982,736
five years: In 1-no, net debt less cash and sinking funds, $1,561,100;
39,522,484
Sinking fund
41,205,470
44,434,690
do
Sew Haven, Conn.
$484,100
375.E00
499,000
150.000
150,000
175,000
873,000
do
Sewerage
6
A.
. .
P
N
.
-
.
MA
.
.
,
1
:
;
;
;
;
in 1886, $1,526,134;
in 1887, $1,508,882;
in 1888, $1,473,315; In
1889, $1,456,827.
New
Haven, Conn. Bond funds, $156,159. Population In 1870i
50,840; in 1880,62,882; in 1838 (estimated), $95,000. Assessed valuation (about 80 per cent of value) tax rate per $1,000, Ac, have been
Years. Real Estate.
Personalty. Rate of Tax. Tot. D'bt. 8kg.Fds.Ac.
1886. ...$13,500,000 $17,500,000
$1100
$799,000 $134,784
1887.... 40,000,000
11 00
21,000,000
974,000
156,159
1888.... 42,000,000
1150
22,000,000
974,000
Orleans. Total bonded debt Juno 30, 1889 (aa above) was
$16,395,861; Moating debt, judgments, Ac, $613,348; total, $17,009,210, not including the Games Judgment. In June, 1882, new 6
per rem 40 year bonds we:e Issued for all old bonds other than premiums; the extended oonds running till 1923, hut redeemable after 1895.
In 1888 the city was authorized .0 Issue bonds bearing 5 per cent or less
Net funded debt
Revenue bonds
Total net debt
:
New
$84,777,266
5,618,368
$88,746,235
4,554,348
$88,010,405
3,302,730
$90,395,634
$93,300,581
$91,313,135
The population of New York, by the U. S. Census, in 1870 wag 942,292,
and 1,206,299 in '80. Jan. 1, '65, and since Jan., '72, the valuation, rat*
of taxation, and net funded debt at end of year have been as follows
Tax p. $1,000
Net Debt,
Real
Personal
Years.
Estate.
State. Oity.
Deo. 31*
Estate.
1879
$918,134,330 $175,934,955 $3 43 22 37 $109,425,414
:
1880
1832
*
942,571,690
1,035,203,816
Less sinking fund.
201,194,037
198,272,532
3 12 22 13
22 50
'
106,066.240
109,383,483
INVESTORS'
13
Mil... rlii.T
lll
DESCRIPTION.
Date
Norkfolk, ra.[ConCd.)Bever, Ac, bonds (exempt from oity tax)..c
Omaha, Xeb.
Bonds ($66,100 are 7s, due Nov., 1000)
New bds, $25,000 due yearly, 1890 to '07 lnol
Funding and Sewer bonds
Sewer bonds.
faterton.XJ 8eboolbds ($6,000 are 4 H, AAO)
Funded debt bonds. $5,000 duo yearly
Bewerb'ds($214.0O0areJ. AD. .(-$90.50058)
Sewer appr. bds $11,000 due y'rly fr. 19O0.
War bounty bonds (about $.10,500 due yearly)
r
Renewal bonds. "B," "C," "D ," "E" and "F '.
Park bonds, payable yearly after 1907
FtoriaJUt. Bounty loan
P.4K.I. Railroad loan
School bonds
,
Consolidated city loan
Bonds for railroad stock subsidy subsorlpt'na
do for water works
do for bridges
do for park and Centennial
do for war and bounty purposes
do municipal, school, sewer, Ac
Ouarant'd debt, gas loans,$980,2O0 due '99
New f und'g ("H"-"Y")$400.000,due yly.af.'8P
cAr
Water exten. loan
r
Waterloan
Funded debt and other municipal bonds
cAr
railroad
bonds
Compromise
Funded debt imp.l>d8(77,000onlyduel912)cAr
cAr
lmprov. bonds (Act of May9,'79)
Portland, Me. Loan to Port. A Rochester RR.
do Portland A Ogdensburg
Municipal proper and notes
Funding loan (red. on or after July, 1902)
oAr
Providence, R. 1. War loan bonds
Watarloan bonds, gd. ($820,000 are 6s,cp.)..
do
oAr
do
cAr
do
do
gold coupon
cAr
City Hall A sewer loan b'ds, sterling
loan of 1879
cAr
do
r
Public Imp. loan ($450,000 due 1899)
Prov. A Springfield RR. bonds, guaranteed
Pitttbura
Special Highway loan
Quiney, /(/.Bonds
Miss.
r
A Mo. RR
Bonds
r
Bonds ($1S4.000, due 1908 Int. July 1)
cAr
Bichmond.Ta. Bonds
Bonds, reg. and coup. ($213,500 are coup.)
New
fives,
10-34 years
r
Bonds ($276,O0Oduel920..$l52,70Odue'21)r
Bond
r
y. r. To Genesee Valley Railroad
State L. and R. N. A P. Railroads.
For city Improvements ($335,000 due 1902)
Water works loan, coupon and registered
Funding loan
B Khtttr,
. .
To Roch. A
.
.
Oonsol loan
Local lmprov. fund, loan (redeem, at pleas.)
Rochester Park bonds ($300 000)
Renewal bonds ($100,000only are 7s.)
tt. Louis
Ren'w'l bds, $472,000, '95; $100,000. '06
do
$&* ($548,000 10-203, Int. J. A D.)
do
do
do
do
$4^*
[Vol.
XL1X.
confer a treat favor by giving Immediate notice of any error discovered In theae Tables.
For e i plan at Ions see notes on flrst page of tables.
Water loan
Philadelphia
SUPPLEMENT.
(10-208)
$A* ($1,559,000
due Apl.
10,'08)
gold( A$)
General purposes ($55,000 Caron. indebt)
Tower Grove Park bonds (gold)
Sewer oonds ($200,000, Jan., '93)
Newwat.w'ks,g.($450,000, June.'OOc'y treas)
Refunding water pipe, special tax, gold, $ A
Floating debt
Real est., g. ($25,000 5s'90,$245,000 6s 1006)
Bridge approach bonds (gold)
Bonds for St. L. Gas Light Co., judgm't.* or $
St. Louis Co. bds. assumed, genl. purposes,
Park bonds, coup., go:
do
do
ML Joseph, Mo. Funding bonds
bonds
Funding
St. Paul, Minn.
Bonds, $75,000 due Feb., '90
I Bonds. $60.000 due Oct., '95
&
of
Sbptembeb,
CITY SECUEITIES.
1389.1
13
Subscribers will conferva great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Date of
Size or
Amount
Bonds.
par
outstanding
Value.
For explanations seenoteson first page of tables
Paul, Minn. Continued.
SSOOAc.
Bonds, $100,000 May, "98; $50.00 1 Nor., 99.
1.000
do
$40,'0J Apr., '99; $75,000 Apr., 1904
'04
do
$45,000
1,000
1903;
Aug.,
$30,000 Apr.,
do
1,000
$105,OCOAp.,1909; $95,000 Mar., '09
1914
do
1.000
1913;
$125,000
$265.000
do
$225,000 Jan., '16; $200,000 July, '10 1886-7-8-9 1,000
do
1,000
$55,000 Aug., 1906; $26,000 June, '07
do toRB>., L. Sup. A MIss.A St. P. A Chic,
500, Ac.
do local iujp.,'98,AC.park($100,OOOJ'ly,'03)
1873
1,000
do of old Water Co
100
Ac.
debt
Various.
($325,000 6s)
Salem, Jlaw.-City
100 Ac.
1868-9
Water loan, $75,000 due April, 1898
do
1878
1,000
500 Ac.
1864
Ban Francisco Ceil. Pao. RR..drn atlOO eou.(g.)
500 Ac.
1865
Western Pacific RR dr'n at 100, coup. (g.)..
500 &c.
1870
School bonds
500 Ac.
1874
School bonds
1872 to '75 500 Ac.
Park improvement bonds
500
Ac.
1871 to '73
Hospital bonds
500 Ac.
1874
House of Correction bonds
500
Ac.
1875 to '76
City Hall construction.. .".*
1873-74
Montgomery Ave (special tax)
1876
DupontSt. (special) (Act March 4, 1876)
100 Ac.
1879
Savannah. Sa.-^-Compromise bonds of 1879
100 Ac.
1883
Compromise bonds of 1883
SomerciUe, Mass. Bonds ($10,000 5>ss, 1904).. 1876 to '85 Various.
1886 to '88 1,000
Bonds
INTERF.ST.
When
Rate.
Where Payable, and by
Principal
When
Due.
Whom.
Pay'ble
St.
,
wi?i^eM.Jfas.W.loan$25,CO0y. '94-1902.0
Water loan ($775,000 are 7s, due 1903)
c
Railroad loan, $20,000 due yearly
Toledo, O. General fund city bonds, coup
Floating debt ref un line bonds
Toledo & Wood ville Railroad, coupon
Water works ($3,000 only 6s)
Bridge bonds (redeemable after 1893)
1,000
1,000
1,000
1875 to '87
398.500
140,000
75,000
285,000
200,000
475,000
210,000
150,000
374,500
1,579,000
919,000
3,306,000
348,500
364,500
444,000
225.000
975,000
80,000
296,000
432,000
1,000,000
73,'74A79
1893-'84
Natural Gas bonds
1889
M. City, ($700,000 ext'ded to 1905). 1871 to '83
Sewer debt
r 1879 to '88
Water debt
r 1872 to '89
Park debt
r
1888
Worcester,
1.240,000
2,199,000
431,000
235,000
200,000
160,000
548,500
225,000
1,032,000
1874'77
1870
9
500^ie.
500
500
500
Ac.
Ac.
Ac.
7
6
$195,500
118,000
106,000
705,000
250,000
75,000
1,743,400
860,000
1,002,300
250,000
N. Y., Chase Nat. Bank,
do
do
do
do
do
do
5
5
5
4^
4
6
6
J.
A
do
do
J.
do
.
do
do
do
do
do
do
do
8
1
A-
Various
C
6
5
A.
J.
J.
s
I s
I
2 g
S g
% s
-
-
-
M.
J.
J
J.
M.
J.
11
A
A
&
A
A
&
A
A
A
A
City Treasury.
s
-
J.
O
190S
A
1893
A 1900
1909
1913, '14 A 1915
1916, '17,'I8, '19
Aug.,1906,'07,'12
July, 1898 A 1903
Jan. 9, 1889
Various to 1908
do
Apl.1,1893 A 1898
do
July 1, 1904
San F.A N.Y., Laidlaw A Co.
July 1, 1894
N.
do
do
May 1, 1895
D.
do
do
June 1,1890
J.
d*
do
July 1, 1894
J.
do
do
1897 A 1904
N.
do
do
Nov. 1, 1891
do
J.
do
July 1, 1894
do
do
July 1, 1899
O.
J.
J.
do
do
(i)
San.F.A N.Y.,LaidlawA Co
N. Y., Eugene Kelly A Co
5
do
do
Q.-J.
5
Various Boston, Nat. Security Bank
1
Various
do
do
Various Boston, First National B'k.
6& 7 A. A O.
do
do
A. & O.
7
do
do
4 to 8 Various N. Y., Imp. A Trad. N. Bk.
6 A3 Various
do
do
7-3
M. AN.
do
do
6 A8
Various
do
do
5
A. A O.
do
do
do
do
4ifl
4, 5 A6 Various C.Treas.ABost. Mchts.' Bk.
4, 4^3. 5 Various
do
do
do
do
3ia, 4,5,6 Various
4
A. A O.
do
do
"I
98, '99. 1903, '04
April, 1899 A 1904
1903, '04 '05 A '06
J.
F.
1896
1, 1909
July 1, 1913
Jan. I,'89tol904
Oct., 1889 to 1907
1894 to 1902
1903 A 1905
April 1890 to 1898
1899 to 1917
1889-1892
May 4, 1900
1893 to 1899
Oct. 1, 1913
1919
1889 to '94 A 1905
Var. 1899 to 1908
1890 to 1919
April 1, 1938
Feb.
SUPPLEMENT.
INVESTORS'
14
[Vol. XLIX.
Subscribers will confer a great favor by giving Immediate notice of anv error discovered In these Table*.
INTEREST OR
DESCRIPTION.
DIVIDENDS.
Miles Date Sue. or
Amount Rate
of
Of
Par
column headings, Ac, see notes
per When Where Payable, and by
Outstanding
K.M.I Hon. Is Value.
on first page of table*.
Cent.
whom
Payable
For explanation of
o
Alabama Ortat Southern 1st mortgage, gold
Oen.M st rl. red. at 110 June 1,'98, 1,160,000.0
290
290
Debentures, gold
Certificates, sinking fund
Alabama Jfifffaitrf-lst M. ($16,000 p. m.). gold..c 175
Ala. N. 0. Texatit Pac. June- -1st deb ,red at 115. C
c
2d debentures
Alabama rf Yiek'liurg Vlcksbnrg A Met Idlaulst M. 143
143
Cou. 1st tnort., g., 1$ 1,800,000)
2d mort., Inc. for5 years, nou-cuni., g., ($700.000i 143
Albany Sucq. Stock, 7 p. u. ental D. A 1. Canal. 209
Albany City loan (sinking fund, 1 per ct. yearlylo 142
142
Consol. in., (guar. D. AH. endorsed on bonds)0*.tr
132
Allegheny Valley Ueneral mortgage (Rlv. Div.)..o"
o*
110
2d inert., to State Pa. (endorsed) East ext
o*
110
1st mort., East'n Exten., guar, by Pa. RR
Funding income bonds, with traffic guarantee, o" 259
71
Athevilled Spartanburg 1st mortgage, gold
c
71
2d mort., gold
AtehUon Col.d Pacific listtt. ($16,000 p.m.)guar.o* 254
34
Attkiton Jewell Co. it Wat. 1st M.,guar.C.B.U. P.o
Atchit.m Topeka it Santa Fe Stock
7,121
471
1st M., g.. ($15,000 p.m.) Atch.to west bound. Kan.
Landgr. M.,g.. ($7,500 p.m.), not diawn
372
5 p.o, Ms.l*.M.A8.P. cofl. (dr. at 101) s.f. $35,950
8. F. 5% t ds,plain (red. at 101) s. f. $37,000 yearly
f.
oAr
206
s.
f.
bds.
at
s.
(dr'n
100)
$77.000
*>%
6% s. f. secui'd. bds. (dr'n at 105) s.f.$143.0O0 ctr
.cfcr
trust
Collateral
bonds., gold (V. 44, p. 245)..
Notes secured by 2d M. for $10,000,000, Ac
At. T. A 8. Fein hie (term.) gu.gold$10.OOO,00O.c
27
Wloh. A8.W.,lstM..g. ($15,000p.m.),lnt. guar....
66
K..C. Top. AW. 1st M..g. ($13,000 p.m.), rental gu.
<
I
m-s
1*73
1,000
*11H>
$1,714,000
1,341.360
1886
100
670,000
31.935
Various
:h-s
1832
$1,000
100
100
1,000
100 Ac.
100 A3.
1*8-1
1**1
1*89
1889
$100
1
.
1865
1876
1866
1870
1871
1874
1885
1887
1879
1879
1,000
1,000
1,000
100.000
1,000
1(111 .v.-
1,000
1,000
1,000
1,(KK)
100
500 Ac.
500 Ac.
1869
1870
1880
1,000
1880
1,000
1880
1,000
1881 1,000 Ac
1887 1,000 Ac
1888
5,000
1887
1,003
1872
1,000
1875
1.000
(See Map Cinn. JV. 0. it T. P.) From
Wauliatchie, Tenn., to Meridian, Miss., 290 miles; leases, Wauhatchle
total operated, 295 miles. The Alabama
to Chattanooga, 5 miles
Chattanooga RR. made default Jan. 1, 1871, and road was sold under foreclosure Jan. 22, 1877. Present company organized Nov. 30, 1877, and is
Alabama Great Southern.
A
controlled by an English company of the same title owning a'l the
134.000 debenstock of the American Co. The English company has
tures exchangeable for eenL mort. bonds, and capital stock common
("B" shares), 1,566,000, and pref. 6 p. c. cumulative for six years
("A" shares), 676,070; par 10. Enough of the general mortgage
bonds are reserved to retire the firsts of 1908. Gross earnings in 1887,
$1,575,993; net over expenses and taxes. $474,361; gross in 1888,
$1,549,293; net, $309,716. (V. 46, p. 608; V. 47, p. 255, 285, 531; V
48, r. 763.)
Alabama Midland (Sec Hap.) Under construction, to be completed by Sept. 15, 1889, from Bainbridge. Qa.. on the Savanah Fla. A
Western, northwesterly, to a connection wirh the Loutsv. & Nashv., at
Montgomery, Ala., about 175 miles. In 1888 purchased the Northw. A
Fla., Montgomery, Ala., to Luzerne, 51 miles; possession acquired
July, 1889. Int. rest on the 1st mort. bonds is guar, till Nov, 1, 1892,
by the Construction Co. (the Ala. Term. A Improv. Co.,) and $600,000
to secure same has been deposited with the Metropolitan Trust Co.,
trustee of the mortgage for $2,300,000. Mortgage covers all equipment and valuable terminal right" at Montgomery. Parties interested
In the Savannah Florida A West, own $1,050,000 bonds, and road will
be operate in olose connection with that svptem. Stock, common,
$2,625,000, and preferred, $1 ,600,000. N.Y. office, I. B. Newcomb A Co.,
54 Wall St. (V.48, p. 368, 547,687; V. 49, p. 116. 268.)
t
Alabama >'. O. Texas A. Pacific Junction (Limited). (Sec
Cinn. N.O. it T.P.J This is an English Co. controlling the Vicksburg
A Meridian, 142 miles; Vicksburg Shreveport A Pacific, 189 miles N. O.
A North Eastern, 195 miles; andspanish Fort R'y, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans A Texas Pacific
Map
;
(lessee of the Cincinnati Southern Railway). The management of the company is the same as that of the Alabama Great Southern
RR. In Nov., 1887, Capt. Francis Pavy in London was appointed
The preferred or
receiver of the Euglish company in liquidation.
"A" shares are 1,500,000, having a preference for 6 per cent cumu2,500,000; par value of all
lative, and the deferred or "B" shares
shares 10 each. The first debentures are redeemable any time at 115,
on six months' notice. The company holds the followingseeurities, viz.:
Cln. N. O. A Texas Paciflo .$532,000 stock
Vicksburg A Meridian,
Railway Co.
;
$245,000 1st mortgage, $105,000 2d mortgage, $416,500 3d mortgage,
81,464.300 preferred stock and $363,000 common stock; of Vicksb.
Shrevep. A Pac. $3,692,000 1st mort., $1,931,000 incomes and $1,594,000 stock; of N. O. A North Eastern $4,900,000 1st mort. and $4,320,000 stock; N. 0. Spanish Fort A L. RR. $300,000 1st mort. and $200,000
com. stock; Cincinnati Southern, $532,000 stock. A loan of $600,000
was authorized in Sept 1888, for the purchase of a majority of Vioks.
A Merid. 2d mort. bonds. (V. 45, p. 52. 436; V. 47, p. 966.)
Alabama A Vicksb urj*. Like op Road. Vicksburg to Meridian,
Miss., and branch, 143 miles. It is mainly owned and controlled by the
Ala. N. O. Tex. A Pac. June. Co. The Vicks. A Xer. road was sold February 4, 1889, (see V. 48, p. 190), and reorganized as Alabama A Vicksburg. Of the new consol. bonds, $1,C00,000 are reserved for the V. A M.
1st s. The new secoidsare Income (noncum. as to earns.) for five years,
and are a first lien on the V. A M. detached laijds, and interest is payable from the sal. 8 of suoh lands when interest is paid from earnings
these land sales will constitute a sink, fund for the 2d M. bonds. TrusStock
tees of mortgages. Central Trust Company of New York.
$700,000. From Jan. 1 to July 31,1889 (7 moe.). gross earnings were
In
'88; net, $71,000, against $16,000.
$306,720, against $251,650
RECEIPTS AND EXPENDITURES FOR YEARS ENDING MARCH 31.
,
;
1886.
Total earnings
Operating expenses
Net earnings
1883.
1889.
$547,761
423,413
$527,789
362,511
$47,409
$124,348
$165,278
$18,285
125,083
14,232
4,298
$18,134
126,000
41,711
4,632
$19,009
126,000
32,826
11.310
1887.
$503,304 $531,772
426,496
484,362
$76,806
Chargeable against revenue
For taxes
$16,741
1 14,083
For interest on bonds
For int. on floating debt
15,894
Miscellaneous
4,416
Tot. paynjts oharg'ble to rev.$151,135 $161,899 $190,478 $189,145
Netdeflclt
$74,329 $114,489
$66,130
$23,867
(V. 46, p. 228, 649. 669; V. 47, p. 332, 664, 803; V. 48, p. 209.)
Albany A Susquehanna. (Sec Map Del. <t Hud. Canal)
Albany, N. Y., to blughamton, N. Y., 142 miles; branches Duane shin i;
Junc, N. Y., to Schenectady, 14 miles; Cobleski. N. Y., to Cherry Valley, 21 miles: operates Lackaw. A Susqueh. RR., 22 miles; East Glenville to Coons, 10 miles; total operated, 209 miles. Leased for 150 years,
from Feb., 1870, to Del. A Hud. Canal Co., which owns $650,000 stock;
rental, 7 per cent on stock. Additions and betterments charged to
lessors, and cost made part of investment. The consol. mort. is for $10,000,000, of which $3,000,000 ure 7 per cents, currency , the principal of
the 6s. Is also payable in "lawful money," but the Interest in gold. From
Oct. 1, 1888, to June 30, 1889. (9 mos.) gross earnings were $2,403,-
Omu
1
,
626, against $2,514,083 In 1887-8; net $992,338, against $. 69,94s;
Bondt Prlno pal, When Due.
Stoc kM
Last
Dividend.
N.Y.,Farra.L.A Tr.ABos
5 g
Jan. 1, 1908
London.Comp'y's oftlce. Dec. 1. 1927
do
do
Aug. 15, 1 90S
do
do
By sluk'gfund
N.Y.,Mct.Tr.Co.A Mont Nov. 1, 1928
l-aat paid April, 1887.
April 1, 1907
Last paid Jan., 1887.
June 1, 1907
W. Y. Cant. Trust Co.
April 1, 1921
do
do
April I, 1921
April 1, 1921
N.Y.,Del. A Hud.Can.Co Julv 1, 18S9
do
do
1895-'97
do
do
April 1. 190.1
N.Y.,Wlns.Lanier, Phlla March 1, 1896
July, '87, cnup. last p'd. 100.000 y'rly.
Phil.,Pa.RR.CoALoud'n April 1, 1910
Oct. 1. 1894
N.Y., R.ADaiv.,2 Wall April 1, 19CS
do
do
July 1. 1937
N.Y.U.P.Of.AUn.Tr.Oo.
May 1, 1905
N.Y.U.P.Of.AUn.Tr.Oo. May 1, 1905
N.Y.,Bostou A Chicago Nov. 15, 1388
Boston, North Nat. Bk. July 1, 1899
do
do
Oct. 1, 1900
Boston, Boston Nat. B'k. April 1, 1909
do
do
Sept. 1, 1920
Bost. Safe Dep. A Tr. Co.
Oct. 1. 19C0
-
Og.
U
$2,8 0,000
7,12*,000
2.232,000
1,000,000
i.
I"'
(0
$*'
6g-
(I)
3,500,000
1,000.000
10,000,000
4.000,000
2,200,000
10,000,000
9,727.000
500.000
500,000
4,070.000
542.000
75,000,000
7.041,000
2,200,000
940,000
3,444,000
4,532,000
14.277,000
1 5,00 :>, 000
3>s
6
6g.A7
7-30
8
7
7
8*
6
H
l
g
-
5
44
'
5
*
6
5,500,000
S*
S
412,000
854,000
N.Y.,B'kof Com.A Bost. Deo.
NY., Kidder. P., A Bost. Feb.
6
3,500,0. .0
l
7
Bostou. Of., 95 Milk St.
N.Y.. Kidder, P., A Bost
Boston, North Nat. Bk.
Boston. Everett N. Bk.
-
e.
Nov.
Jan.
July
July
1,
1,
1,
1,
1,
1.
1911
1937
1891
1037
1902
190 5
surplus over charges $183,151, against $188,231. Gross earnings in
1387-8i). $3,389,{i00; net. $1,413,580, surplus over dividends, $437,U7.
(V. 46, p. 228, 481, 610; V. 47, p. 140, 776; V. 48, p. 222; V. 49, p.
174.)
Allegheny Valley. Owns from Pittsburg, to Oil City, Pa., 132
miles; branches Red Bank, Pa., to Driftwood, 110 miles
others, 17
m,; total operated, 259 m. Stook, $2,166,500; par, $50. Of the Income
bonds the Ponn. RR., No. Central and Phlla. A Erie hold $6,087,000, the
Interest on which was paid altogether in bond scrip. The coupons of
guaranteed bonds held by the Pennsylvania Railroad for advances
amount to $6,384,065. The Penu. RR. owns $1,250,000 stock and
$5,510,000 funding 7 per cent bonds. In May, 1884, receivers were
appointed at the instance of the Penn. and other railroads as plaintiffs.
Suits are pending.
From January 1 to Ju'y 31 in 1889 (7 mos.) gross earnings were $1,304,345, against $1,141,951 in 1888; net, $532,692, against $447,985.
In 1888 gross, $2,093,965; net, $900,927; interest char<e. $1,106,318
of which paid $191,703): deficit, un ler charges, $290,956. (V. 45, p.
i tK
792,-386; V. 46, p. 480; V. 48, p. 221, 686.)
Ashevllle
Spartanburg ( See Map Richmond it IT. P. Term).
From Spartanburg, 8. C, to Asheville, N. C, 71 miles. Formerly
Spartanburg A Asheville; sold in foreclosure April, 1881, and reorganized. Stock $1,050,000; par $100. Controlled by Rich. A W. Point
;
A
Terminal, which owns $1,017,981 stock and $215,000 2d mortgage
bonds. In year ending Sept. 30, 1888, gross earnings, $115,982; net
over operating expenses, $17,490.
Atchison Colorado A; Pacific. Waterville, Kan., to Washington
&an., 20 miles; Greenleaf, Kan., to Logan. Kan.. 155 miles; Logan to
Lenora, Kan., 25 miles; Downs, Kan., to Ball City, Kan., 24 miles; x'nnia,
Kan., to Warwick, 31 miles; total, 254 miles. The road forms an exten slon of the Central Branch Union Pacific, which leased it in 1379 for 25
years, and guaranteed the bonds. The road is controlled, and the whole
system Is virtually owned by Union Paciflo, but operated by Mo. Pao.
Stock, $1,522,400 (par $100), of w'nloh U. P. and Central Branch own
$920,300. Rental is $254,370 per annum.
Atchison Jewell Co.dc West. Jamestown, Kan., to Burr Oak,
Kan., 34 miles. Under same auspices and oontrol as Atchison Colorado
A Pacific. 8tock,$202,800 (par $100). of which Central Branch Union
Paciflo owns $105,000. Rental is $34,000 per annum.
Santa Pe.(See Maps.) Line op Road
Atchison Topeka
Southern Kaosaa, 942 miles total, Atchison
Atchison, 2,082 miles
system proper, 3,024 miles. Auxiliaries Roads leased and owned:
Sonora, 262 m.; Gulf Col. & San. Fe RR owned absolutely, 1,058 m.j
Chic. San. Fe A California Ry., 517 m.; St. Jos. St. Louis A San. Fe RR.,
97 m.; St. Louis Kan. City A Col. RR., 61 m.; California Central Ry.,
269 m.; N. Mex. A Ariz., 88 m. Auxiliaries Roads controlled: CUo.
Kan. A We-it'n, 943 m; California Southern, 211 m: total auxilaries,
3.507 m.; total owned, leased and controlled, 6,531 miles. Roads owned
jointly with other RR. companies Leav. Top. A S. W., 57 in.; Manbat.
Alma A Burl., 56 m.; Wichita A West'n 45 in.; King. Pratt A W., 80 m.;
Atlau. A Pac, 927 m.; Kan. City Belt, 10 m.; total owned jointly, 1,175
m. Grand total (including "s of mileage operated jointly) 7,119 miles.
Organization, Leases, Ac The A. T. A 8. Fe. Co. was incorporated
March 3, 1863. The main line of 471 miles was opened Deo. 23, 1872.
Th wholo system outside of the main line is nominally under different
coi porations, of wliioh the ownership is vested in the A. T. AS. F., and
the roads usually leased to that Co.
In Aug., 1884, an agreement was made for the oontrol of the Mo|ave
Division of the Southern Pacific and a right fortrafflo over the Southern
Pacific to 8an Francisco. The Atlantic A Pacific 1st and 2d mart, bonds
are guaranteed one half each, severally but not jointly, by the Atchison
and San Francisoo companies. See Atl. A Pac. and St. L. A San Fran, in
A
;
,
:
this
Supplement.
In April, 1886, the Gulf Colorado A Santa Fe was "taken over" by the
Atchison, by the exchange of G. C. A S. F. stook for Atchison stock,
"
$8,000,000 in all, and the Atchison agreed to assume the bonded indebtedness" of the Gulf Co. See Chronicle, V. 42, p. 630; V. 48, p. 68.
has
been
increased
from time to time
and
The
stook
8tock
Bonds
to present flgures, for the acquisition of the auxiliary lines and by
been
in
have
1879, 3 per cent;
way of stock dividends. Dividends
In 1830, 8V, in 1881, 6 cash and 50 stock; from 1882 to 1886, in1
in
in
1889
1838, bf,
passed February
clusive, 6 per cent; in 1887, 6 *;
dividend. The range In prices of stock in Boston was in 1881, 92a
15414; in 1882, 78 78a96 1e; in 1883, 78a86"4; in 1384, 59iaS0; In
7
1835, 634i89 *: in 1886, 79 7b100; in 1887, 90>9119 b; in 1888,
53 1499< 8; in 1889 to Sept. 20, inclusive, 3558>4
In addition to bonds in table above, there are outstanding other small
issues as follows: Consol. mort. bonds, 7 per cent gold, due April, 1903,
$108,500 and $194,000 8umner Co. HR, bonds, drawn at 110, due
Sept. 1, 1910, int. M. AS., an obligation of the Southern Kansas RR. Co.
Such bonds as are held In the company's treasury, or leased line bonds
held as collateral for any of its own bonds given above, are not Inoluded
in the above amounts outstauding.
The 5 per cent bonds, due April 1, 199, are secured by the N. Mex
A So. Pao. 1st mort. 7s issued on road from New Mexico State line toSan Marclal and branch, 372 miles.
The sinking fund 5 per cent bonds due Sept. 1, 1920, are plain bonds
(not mortgage) and partly secured byjdoposlt of $630,000 plain bonds
of Kansas City Topeka A Western RR, sinking Fund is 1 per cent per
annum, with which bonds are drawn i(fc 101.
The 4 "a per cents due October, 192#, have $1,650,000 of the 6 per
1
s
Septembe(,
1839.]
RAILROAD STOCKS AND
BONDS'.
1A
INVESTORS' SUPPLEMENT.
|Voi~
ILIX.
September,
1889.]
RAILROAD STOCKS AND BONDS.
17
INVESTOKS' SUPPLEMENT.
18
I
Vou XI
Subscribers will confer a great favor by giving Immediate notice of any error dlarovered In theee Tablea.
DESCRIPTION.
Miles
tot explanation of column headings, 4c, see note*
on first page of tablea.
A. T. it 8. F. {Continued.
K. C. Top. A W. inc. lids., <f 4.800 p.m.; guar
Pueblo 4 A. V., lit M., gold. $14,000 p. in. gua.o*
do
do
K. C. E.
Cowley
Mar.
&
8.
148 m.), guar
c*
p. ui.. g., g
m.
1st, $8,000 p.
g., guar. ..
$7,000 p. ni.. g., gu
1st (4 2d.
8, 1st M
4 Ft. 8m..
,
4 HoP.,
1st.
$8,04
Flor.El Dor.4W.Val.,lst,g. ($10,000 p. m.),intgu.
Wlcliita & Western, guarantee! 1st m. coup
King. Pratt 4 West., 1st, guar.($15,000 p.m )..C*
Leav.Top.48.W. lstra.,guar.by At4 *byUn.P.
N. Mex. 4 So. Pac. 1st. g., ($15,000 p. m. guar.
Bonora, 1st mort., $20,000 p. m gold, int. guar. ..
i.
Cal.So.,lstM ,$10,000
p.in..g.,gu.,s.f.dr'ii
atU2c
Income bonds (none mutative)
Chlo. Kan.
4 West.,
1st, g, guar.
($14,000
p. m.)c*
do
inc. bds., non-oum. ($7,000 p. m.).o*
Chlc.8.Fe4 Cal.,lst (42d M.on 00m.), g, guar.c**t
Chic.4 St. Louis 1st M. ($10,000 p. m.)
So. Kan.-K.C. Law. 4 So., IstM. ($16,000 p.m.)
8o.Kan.4 West. lst,(8.f.$31,037y'rlydr.at 110)
Ottawa 4 Burlington RR. 1st m. $12,000 p. m
1st. g'd,guar.<$16,000> p.m.c*
8. Kan.(Gulf Div.)
Bo. Kans. In Texas, 1st M.($l6,000 p.m ),g., guar.
S. Kan. Income bonds, guar., $4,000 p. mile)....
Atlanta* Charlotte 8tock(5 p.crenH Rlch.4 Dan.)
Pref. mort., redeemable
1st mortgage
r
Income bonds (not cumulative), guar
Atlanta
A
Florida
lit mort. ($15,000 p.m.)
c
Atlanta* West Point Deben. cert, redeem, after '91
0*
Atlantic City 1st mortgage, gold
Atlantic <t Danville 1st mort. gold, $18,000 p.m.e'
IX.
September,
!Sb9.
]
KAILKOAD STOCKS AND BONDS.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on first page of tables.
Atlantic it Pae. Guar, trust M. g. (red. at 105)c
2d ML, guar., g., (s. f. dr-naft.Mch.l, *90 atl05>.c
Inc. bds., non-cum'tive, W. D. ($18,750 p.m.)c*Ar
c*
1st RR. A land gr. bonds on Cent. A Mo. Div
c*
1st land grant bonds on Central Div.. cum
Income bds., Cent. Div., non-cum. ($18,750 p. m.)e*
Atlantic it St. Lawrence. Stock, 6% rental G'd Tr'k
Augusta <t Savannah. Stock, 7% rental Cent. Ga.
Bald Eagle \ alley Gen'lmort..(s. f. drn. atl00)...i
Baltimore
it
Ohio
Stock
1st and 2d pref. stock, eum.,$3,000.000is 1st pref.
Loan due In 1880, extended, payable at will
Loan, 1853, extended in 1885, gold
do 1870 sink, fund 16,000 yearly, not dr'n
City loan. 1855-'90, sink, fund, not drawn
Mort. 1872, sink, fund, 12,000 semi-annually...
Mort. 1874, sink, fund, 9,000 semi-annually
Consolidated mortgage (for $29,600,000). gold.c*
Bond to Ci'y Baltimore (payable $40,000 y'ly)
Loan. 1877, (8. f. 7,500) (B AO. ACh.bdsoollat'l)
N. W. Virginia RR.l9tM. <ei>.iu 1888),assum'd .c
Loan 1879 (Parkersburg Branch bonds collateral)
Mort. on Phila. Br.,with Bait. A Phila. bds. as ool.
Loan, 1885, g. (Pittsb. AConnellsvilleb'dscollat.)
Car trust loan g.($250,000 paid yearly Jan. 1 .c
Equipment tiu-t ($100,000 paid yearly April 1)
1st M. Schuylkill K. East Side RR., gold (guar.).
Ball, it Potomac 1st
(tun.)g.,s. f. 1% not dr'n.e*
1st m., road, guar., gold.s.f. 1 per cent, not dr'n.e*
2d M, income, (cum. with int.) road and tunnel.. r
Btcch Creek Stock ($1,300,000 is pref.)
1st mortgage, gold
o
Bell's Gap block
,
)
M
.
19
INVESTORS'
SUPPLEMENT.
[Vol.
XLIX.
September,
RAILKOAD STOCKS AND BONDS.
1889.]
21
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings, Ac, see notes
on first page of tables.
Bells Gap.
(Oont.)
1st M., Bells Mills to Lloyds.c*
Extension 1st mortgage
c*
eConsol. M. (for $550,000) s. f.,not drawn
ClearH.-M A Jefferson 1st in., guaranteed
o*
Belvidere Del. 1st M., ext'din '77, eonv., guar...c
Cons. mort. of 1876, sinking fund, not drawn. ,c
Cons. M.of '76. guar, by Un. Co's A Pa. RE., s.f .r
Fleniington RE. M. bds., 8. f., 1 p.ct. not drawn. .c
.
Bennington 6 Rutland
1st
c
mortgage
Berkshire Stock (7 p. c. perpet. rental Housatonic)
Billings C.F.d Cooke O.Xi'l 1st M.s.f.red.at HO.g.o
Birmingham
Sheffield
it
Tenn River.
1st
mort
Boston <t Albany Stock
Plain bonds, not mortgage
c&r
Bonds of 1875 not mortgage
cAr
Bonds (not mort.) issued to State for its stock ...
Boston Concord d Montreal Old pref. stock, guar.
Com. and new pf. stock (new pf stock is $540,400)
Consol. mort. (for $2,000,000) $582,400 are 6s. .c
.
Improvement mortgage bunds
Boston
4 Lowell
Stock
Bonds not mort
Bonds
do
Bonds
do
Bonds
do
Bonds
do
L
t
L.
*
S.
i
I.
Boston A. Maine gives
a rental guarantee
for 99 years.
bonds
Nash. A Low., pl'n bds.
Boston <t Maine Stock. .
Bonds
cAr
Imp'nt bonds ($1,000,000 due Feb., 1905>, s.f...
BostondN T. Air-Line St'k, pref.(gu.N.Y.N.H.AH.)
1st mortgage
e*
.'
94
INVESTORS'
SUPPLEMENT.
[VOL. XLIX.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see note1 of
Road.
on first page of tables.
%diPror.
Stock. lOp.
c.
guar. 99yr8..01dCol
C
Fgbd'e.notM., sink. fd. '90
Bonds to purchase branches, coupon or registered
c
Bradford Bordetl <t Kinmm 1st mortgage
Bradford Rldred d Cuba 1st mort
o*
Etexaled\t
f.
not
drawn
s.
m.,
Brooklyn
g.,
c*
2d mort., gold, linking fund not drawn
Union Kiev.. 1st M., guar.. $550,000 p. in., g.. .0*
2d M.,
lno. lion
Buff. Brad. d Pitt*.
Buffalo N. T.d
1st
Butt.
K.
R.
Bru
cum., $185,000 per mile, gold.c*
Oen. M.. (Incl. 10,000 ac. I'd).. <
8tock(7 p.c.rent N.Y.LE.4W.)
o
mortgage
RocA.dtPitUb.Ut gen.M.,g.($10,O00,000;.o*
P. 1st mort. Rochester to Salamanca, 106 in.
A
4
1
mortgage, $20,000 per mile
Equipment bonds (oar trust) in 4 series...
Lincoln Park ACharl.lat ni. for$350,000,gu.,*.c*
Buffalo dSouthw. lstM.g.lnt.g^.byN.Y.L.E.4.W.o
Burhnyton O. Sapid t <t Xorlhern 1st mortgage
P. Consol.
RAP.
Iowa City 4 West., 1st M., red. after '89, guar. o
Ced. Ran. I F.4N.W., 1st M.,g.,guar.,red.aft.'90 I
.
do
1st M., gold,
guar
o(
Consol. 1st M. 4 collat. trust, g., $15,000 p.m c'A r
Mioneapoli- 4 St. Louis, 1st mort., (assumed)
Cairo Yincenne* dt Chit. -1st M. bds., gold (Wabash)
California Pacific 1st mort., gold (ezt'd'd at 44)
2d mort., gold, end. by Cent. Pao
3d, mort.g.,guar.by Cent. Pac.($l,000,000are3s)
Camden * Atlantic Stock ($880,100 of It pre!.)....
c*
1st mortgage (extended 20 years in 1873)
2d mortgage, extended
In
1879
Consol. mort., <$ '.50,000 are 5s reg.int.at
Co. 1st morteaee
Camden d Burlington
o*
office). o*
c
September,
RAILROAD STOCKS AND BONDS.
1889.]
33
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Wellington
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94
I
N VESTORS'
SUPPLEMENT.
[Vol.
XLIX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Table*.
DESCRIPTION.
For explanation of column headings,
on flrst page of tables.
Canada Atlantic-lm mort.
Canada Southern Stock
1st mort.. Interest guar,
4o., see notes
0.
Date
4 Hud.
Rlv.o
1889
436
404
404
1878
1888
,
m
%
'93
.-'
.3
61
3
1881
1
B88
H
BOO 4c
100*0
1004c
1888 JBlOO&r
1884
1.000
1887
10040
1886
1886
$1,000
1,000
[Bond* PrinolINTEREST OR DIVIDENDS.
(pal.When Due.
When Where Payable, and by Stock* \mi\
Whom.
Dividend.
Payable
Amount
Rate per
Outstanding Cent.
$2,450,000
15,000,000
14.000.000
li.000.000
65.000.000
1,823.333
7,000,000
3.442.0O0
34.998,033
3.650.000
15.000.000
2.544,000
6,472,667
436.053
973,333
1,500,000
734,000
New York City.
4 J.
4 A. Jt Y., Grand Cen. Dep.
4 J. '. Y.. Union Trust Co.
M. 4 8.
do
do
ls F. 4 A. N.Y.,59Wall8t..4Lon.
5 4 6 Various
Montreal.
5
A. 4 O.
do
5*. A. 4 O. Montreal.N.Y.orLondon
-oiiilun Baring B. 4 Co,
J. 4 J
5 K J. 4 J.
do
do
do
do
3Hig. J. 4 J.
J. 4 D N.Y.,59 Wall 4 London.
J. 4 J
Inn. liai in- Brs.4Co
5 g
1888
1881
1881
1881
1881
1883
1883
1,600
1,000
1,000
1.000
1,000
1,000
"50
50
1882
1870
1866
1865
1879
500 4c
30
5O04.
1.O00
1.000
400,000
2,000,000
1,200.000
1.500.000
2,250,000
510,000
1,620,000
1,159,500
3,200,000
230.500
1,300,000
589,110
1,377,000
1,600,000
630.000
J.
1>4
F.
S
5
J.
I
1
8*
4
6g
6g.
(11
34
100
1.000
1,0004c
100
R
Cayuga < Stuq.- Stock, 9 p. o. rental D. L. 4 W
Cedar Fall* <t Minn. Bonds on 2d div.. sink, f'd.o*
Cent Br. F. P. 1st M. Atch. 4 P. P. RR ,g.,gold..o
Funded tntdmort )bds.(coup. held in trust) gold, c
Value.
$100
.
2.856
1st mort. debent. sterling
o'.tr
1st mort on Algoma Branch. *750.O00
183
Land gr. bds^ not d'rn, int. gu. by Can.Gov't.o'4r
213
Hanltolia S.W.Col.Ry, $12,000 p. m.. Int. guar.,g.
c.vr
325
1st M., g., guar
Atlantic 4 Northwest
Mo. 8hore R'y. 1st mortg
St. Lawrence * Ott. 1st mort
150
Vol. 1st M..ser. A $10,000 p.m. c*Ar.
Op. Pear & Yad.
1st
Ser. " B," $10,000 p.m. <>d on 150m.)c**r
75
Consol. mort. ($15,000 p. m.)
W.Con.
M.
Girardeau
8.
100
for$l
.000.000,
gold
Cape
240
Carolina Cent. 1st M.,( Wilm. to Shelby, 240
)o*
2dM. (for $1,500,000), gold, Income, non cum. .r 240
r 240
3d mort., gold. Income, non-cumulative
158
Carton ct Colorado 1st mortgage. Series "A"
Second Dlv. M., 8er. "B.," June, to Cal. State line.
34
Third Div. 1st M. Nevada line to Keeler, Cal
107
98
Catavrissa Common stoek
98
Pref. stk. ($2,200,000 is oldpref.),7
gu. P. 4
1st mortgage, assumed by 1'hila. 4 Reading
Mortgage bonds
Par
142
c4r
2d mortgage
Canadian Pacific Stock (guar. 3 p. 0. dlv. till '93). 4.960
Canada Central RR. 1st 4 2d mortgages
Quebec Prov. due on Q. M. 0. 4 O. and N. 8. RR.
Land mortgage bonds, gold (redeemable at 110)..
M
Sire, or
Of
Road. Bonds
for $3,450,000
by N. Y.
Miles
of
"e'g.
J.
J.
4 D
4 D.
M.48
.
.1111.
N.Y., Farm. L.4 Tr. Co.
do
N.Y., Bk. of
do
Commerce
4 J Phila.. Median. Nat.Bk
4 J
4 O
6* J. 4 J
New York,
J. 4 J.
6
do
J. 4 J
do
M. 4 N. Philadelphia Co.'s office
3>a
6
F. 4 A. Phlla.. Phlla.4 Read.Co.
7
r.
do
do
4>
New York. 52 Wall st.
if:
J.
J.
A.
7
6g.
7
g.
Last paid July, 1887.
N. Y.,195B'y4Uu.Tr.Co
do
do
September,
1889. J
RAILROAD STOCKS AND BONDS.
INVESTORS'
SUPPLEMENT.
fVou XL1X.
September,
RAILROAD STOCKS AND BONDS.
1889.]
Subscribers will confer a great favor by giving immediate notice oi any error discovered in these Tables.
DESCRIPTION.
|Miles
For explanation of column headings, Ac, see notes
on first page of tables.
Cett. Br. r. P. (Con.) 2dmort. (Gov. subsidy)...
Central R. R. <t Bank, Ga. Stock
o*
General mort. "tripartite" bonds,
Collateral trust bonds, gold, redeemable at 110. c*
Certs, of debt, payable at option after July, '91
OceanSS.Co., IstM., guar..s.f. $100,000 yearly.
Central Massachusetts M. b'ds.int. guar.by B.AL.o*
Cent.Xeve Eng. <* West. IstM. for *2,5OO,0CO...c*
Central of New Jersev Stock ^30,000.000 author.)
Gen. mort. for $50,000,000 gold (reg. Q. J.)..cAr
.
.
1st mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage
Am. Dock A Imo.Co. M. bds.. guar.,redeem. at 110.
Leb. Coal A Nav., mort., gold, assumed
N. Y. A L'g Eranen 1st m. red. in. '99 at 1 10, g c*
o*
N. J. South rn lsi mort
o*
Long Branch A Sea Shore. 1st mort., guar
Debenture bds., conv.lnto stock till 1907
Car trusts
.
.
Central Ohio 8tock '$411 ,550 of this is pref.)..
1st mort. bonds, sinking fund
c
Consol. 1st mortg. (for $2,850,000), gold
Central Pacific Stock
1st m., gold, (2 sink, f, $50,000 each), not drawn.
1st m.S.Joaq'nVal.Br., g. (s.f $50,000) not drawn.
U. 8. Loan, (2d lien on certain terms) gold
W'nPac.,l8t,s.f.,g.notdr'n($l 11.000, JAD,due'95i
West. Pac, Government lien, gold
Cal. A O., 1st M.,ser. A, g. (ext'ed) \ s. f. not dr'n
Do
do ser. B, g.
5
$100,000.
Land grant 1st mortgage bonds, not drawn, gold.
M.l.er.,lst on 17m. 2d onl,244ni.,g.s.f.,notdr.. o
Central of T7. Consolidated KR.of Vermont.lst w
.
.
!
Date
27
S*
I
N V ESTORS'
SUPPLEMENT.
[Vol.
XLIX
SEPTEMBE8,
RAILROAD STOCKS AND BONDS.
1889.]
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INVESTORS' SUPPLEMENT.
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If
i
INVESTORS'
39
SUPPLEMENT.
[Voi.
XL1X.
Subscribers will confer a great favor bv giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notea
on first page of tables.
Char. Ciim.rf Cnic-lst M.,g., ($25,000 p. m.)..o'
Charleston * Satannah-Qeo. M, $1,500,000, g...C
let A 2d pref Incomes, $ 1 ,000,000 eaon, non-eun>
Charlotte Columbia 4 Augusta Stock
1st mortgage consol
2d mortgage
Columbia A Augusta lot mortgage
Oonsol. mortg., gold (for $3,000.000)
Ckatt.Rome* Col. 1st ,g.($2,240,000)$16,000p.ni.c*
.....c
Okartiert 1st mortgage
Chesapeake <t Nash-lel m., g..$25,000 p m. s.f...O*
Oktsapeakeit Ohio- Purrb. money funding bonds.o*
1st mortgage, gold, serieit"A"
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1st mort., gold, of 1922 on ext. (for $3,000,000). o'
.0* A r
Consol. n-ort. for $30,000,000, gold
o*
Equipment trust bonds
Elevator Co. 1st M., prln. A int. guar, by C. A O.o*
c
non-cum
2d
tor
Income.
mort.,
$f 00,000,
).c*
Vhes.Ohio a Southwest. 1st M., g. ($19,000 p.
o*
mile)
2d mortgage ($11,000 per
Pad lie. A Kliz.,lstM..s.f.,dr'nst 1(0 ($300,000 8s)
o*
for
bondB
$2,000,000
Equipment trust
Ohtshire Stock, preferred ($53,300 is com.)
due
..c*
1898.
Bonds, not mort., $550,000
July 1,
Ohwago dt Alton Common stock
Preferred st'ck (7 p. c. y'rly not cumulative) ....
Oen. mortgage, sterling, for 900,000
m
1st mortgage
Jollet
Chic, 7 p.c. stock, nerpet. guar,
Bt. Louis Jacksonville
Chic, 1st M..
A
do
do
A
do
do
by C.A A.
assumed.
M. end. by Culc.A Alton
2d M. endorsed by C. A A..
1st
September,
1889.J
KAILKOAD STOCKS AND BONDS.
33
34
INVESTJES' SUPPLEMENT.
Subscriber* will confer a great favor
DESCRIPTION.
For explanation
column headings,
on ilrm page of tables.
d
of
c
see note*
bjr
giving Immediate notice of any error discovered in these Table*.
hum
Date
of
of
Amount
Rate per When Where Payable, and by
Value. Outstanding
Cent.
whom.
Payable-
Par
Ruad Bonds
,
1868
$l.tMKl
42,000
1.470
1,000
1,000
f25,000
1877
1878
1,000
Denver exten., bonds d< awn at 100 (s. f. t|p. c. )e'
Bonds for Bur. & S.W.. drawn at 100 (s. f. 1 p. c.l.C
Debenture bonds for Han. A St. Jo. stock
o'
North Cross R. R. 2d. M (now 1st), g.,s.f.,$50,000
Trust mortgage (Burlington to Peoria)
o*
Plain bonds
o*
Sink fd.bds.(forAlbla Knoxv. AD. M.),not dl'n.C'
Nebraska ext., $20,000 p. m.(s. f. not drawn). c* .fcr
c*
Ottawa Oswego A Fox River, 1st M
III. Grand Trunk, 1st M., $20,000 p. m., Int. gu.c*
o*
Qulncy A Warsaw. 1st mort.. Int. guar
fund b'ds, not dr'n (St. L. R. I. A C. M. collat.).o~
Qulncy Alton A 8t. L. (leased), 1st mortgage. c*
8.
.
.
1877
l'.obb
1841
1883
1.000
1,000
1,000
1886
100
500 Ac.
1444
1886
1888
1,000
1.00J
1,000
1873
1879
1481
1481
1883
1860
1864
1872
1875
1887
1870
1870
1870
1876
1876
1,000
1,000
1,000
1,000
1.000
100
189
ibo
96
"33
"70
44
40
270
46
500
Ac
l,00o
1,000
1,000
1
,000 Ac
1,000
500&C.
1,000
1,000
1.000
Organization, Leases, Stocks and Bonds. Chartered as the Chic
A Hiss., Feb. 27, 1847 reorganized under act of Jan. 21, 1857, as
chic. Alton St. A Louis, and under act of Feb. 16, 1861, the present
corporation succeeded to the property, which was sold under foreclosure in the following year and transferred to new organization in
The annual meeting
October, 1862. Fiscal year ends December 31.
;
first
Monday
2,331,000
1,750,000
300,000
026,000
6,500,000
See remarks.
4K3.000
9,194,500
8,805,500
2,214.000
936,000
940,000
76,393.505
16.994,000
11,886,000
7,968,000
4,300,000
9,000,157
291,000
653,000
547,500
350,000
25,185,000
1,076,000
890,500
720,000
2,316,000
840.000
100
in April.
A J.
A A.
A N.
F. A A.
3>a
eg. M. A N.
IS Q. F.
J. A J.
3>i
6 g. A. A O.
4
M. A N.
g.)
6g- F. A A.
7
7
7
300,000
329.100
100
<
held the
INTEREST OR DIVIDENDS.
Size, or
Bonds Princi
Due.
-
pal, When
Stock*
Last
Dividend.
Alton
( Continued)
Chicago
lr.o
St. L. Jackson v. A Chic. 2d M., assumed (eonv.) ..
La. A Ho.. 1st M. ($439,100 assumed by C. A A.)
101
101
do
2d M. (Int. guar. C. A A.)
101
do'
guar. oref. stock
162
8. f. bds.for CO, Bt.L.AC.( 1st M. as oollat )uot dr'n
Pref stock K. C. at. L. A 0., guar
162
Hiss. Rlv. Br. stock (7 p. ct. guar. C A A.)
Hiss. Rlv. B'ge, 1st H.. assumed, gs.f. dr'n at 100
249
0*
Chicago <t Atlantic 1st mort., gold, * or *
2d mortgage (for $5.000,000)
249
e'
Car trust bonds tor SUM, 000
363
Chicago Burlington tl Northern. Stock
363
1st M.,s.f..red.at 105 aft.Moh..'96 ($25,000 p.ra.jo*
2d H. ($10,000 p. ni.i. red. after June 1, l98..o* 363
Ten-year debentures, bi-lng exchanged for 2d M.o*
Equip, bjts.i ed. at 10:.; after 'u3 10 % dr. y'rly 100.
4.693
Chicago B fttngton
Quincy Stock...
Consolidated mortgage (for $30,000,000)
o*
825
Trust mort. Iowa, dr. at 100 4 105 (s.f. lap.c.).cAr 790
is
[Vol. XL1X.
(6
J.
J.
"(T
6
6
7
1
7
4A5
4
4
5
|*
7
5
4
8
8
8
5
5
X.
Y
F.
M.
John Paton A Co. July 1,
do
do
Aug. 1
do
Nov. 1,
do
do
do
Aug. 1,
do
do
Hay 1
do
do
Aug. 1
1898
1900
1900
1889
1903
1889
July., 1889
Oct. 1, 1912
Nov. 1, 1920
Aug. 1, 1923
,
,
,
Chic, Treasurer's Office
N. Y., John Paton A Co.
Last paid Nov., '88.
None
paid.
A" J.
A O. N.Y.,F.L.AT.Co.ABost. April 1,
A D.
do
do
June 1,
A D.
do
do
Dec 1,
A A.
do
do
Feb. 1.
Q. M. N. Y., Boston A Chic. Sent. 16,
J. A J. N.Y.,Bk. of Com.ABost. July 1,
A. A O.
do
do
Oct. 1,
F. A A.
do
do
Feb. 1,
M. A S.
do
do
Sept. 1,
M. A N.
do
do
Hay 1,
J. A J. Frankfort, Germany.
July 1,
A. A O. N.Y., Bk.of Com.ABost. Oct. 1,
J. A J.
do
do
Jan. 1,
J. A D.
Boston, Co. 's office.
June 1,
M. A N. N.Y.. Bk. of Com. A Bos Hay 1,
J. A J. N.Y. P.L.A T.Co.A Bost. July 1,
A. A O.
Oct. 1,
Boston, Co 's Office.
J. A J. N.Y.,F.L.AT.Co.A Bost. July 1,
A. A O. N.Y..Bk.ofCom. A Bost. Oct. 1.
F. A A. N Y,FL.AT.Oo.AB09t. Feb. 1.
A.
J.
J.
F.
Chicago Burlington
&
Northern. Owns rrom Oregon,
1926
1918
1896
1903
1888
1903
1919
1922
1921
1913
1890
1890
1896
1895
1927
1900
1890
1890
1901
189 6
111.,
to
Paul, Minn., 332 miles: Fulton to Savauna, 111., 17 m.; branches, 14
miles; total, 363 miles. The road was completed Aug., '86, under Chicago
B. A Q. auspices, as per circular of August 1, 1885 (in Chronicle, V. 41
p. 160). The Chic B. A Q. and Chic. A Iowa give a traffic guarantee for
twenty years of one-half of their net earnings derived from business to
and from the C. B. A N., to be not less than $100,000 per year, for the
N. bonds at 105; and after 1896 the bonds may all
purohase of C. B.
be retired at 105. The 21 mort. was issned to fund the floating debt and
$2,250,000 was reserved for the debentures, which could be exchanged
for them till April 17, 1889. See circular, Chronicle, V. 47, p. 256;
also V. 48, p. 326. From Jan. 1 to July 31 in 1889 (7 mos.) gross earn's
were $1,092,961, agst. $973,610 in 1888; net, $402,13.% agst. $73,554.
St.
,
The Joliet A Chicago is leased from January 1, 1864, for thi
A
term of Its charter, and forms part of the main Line. Rental, 7 p. c.
on stock. The Louisiana A Missouri River
is leased for 1,000 years.
Rental, 35 p. o. of gross earnings, after taxes, Ac, have been deducted
from them, but interest guaranteed on second mortgage bonds and
$329,100 pref. stock; the other pref. stock is $1,010,000 and common
$2,272,700; rental in 1888 $L52,374, against $200,716 in 1887. The In 1887 gross earnings were $2,276,199; net income, $480.b28;
Kan. C. St. L. A Chic, is leased to the Ohio. A Alt. Co. in perpetuity from rental and interest, $64,501; deficit, $165,873. In 1888, gross, $2,026,Nov.l,1877.atarentalof35perct. of gross earnings $335,83 1 in 1888. 319; net, $44?,960; deficit under interest, rentals, etc., $329,738.
The bonds are held by V S. Trust Company as security for the Chicago A
(V. 47, p. 256; V. 48, p. 326, 661; V. 49. p. 234.)
Alton bonds of 1878 issued to build this road, and a sinking fund of
Chicago
Burlington 4: uuincy. - Line op Road. Thj C. B. A
for
their
annum
Should
the
35
provided
$60,000 per
redemption.
per
cent be more than sufficient to pay interest, quar. dividends and 7 per Q. is one of the most complex railroad systems in the U. 8. It has a netcent on the common stock, the excess is to go to the lessees. Common work of lines in LU., Iowa and Neb. The main line extends from Chic.
stock. $271,700, of which $157,600 1 1 owned by C. A A. The Mississippi m., to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 27 6
River Bridge is leased in perpetuity from December 3, 1877, at a rental miles, and from Pacific Junction to Denver. Col., 577 miles, making the
distance from Chicago to Denver 1,057 miles. From Pacific Juuction
equal to 7 per cent on $300,000 stock (all owned by C. A A.) and 6 per to Council
Bluffs is 18 miles (track used jointly with K. C. St. Jo. A C.
cent on bonds. (See last drawing, V. 48, p. 159.)
The Chic. A Alton preferred stock has prior rignt to a non-cumulative B.), making the C. B. A Q. line, Chicago to Council Bluffs, 498 miles.
The
Exteus.
to Denver was opened May, 1882. Besides numerous local
7
ct.
from
net
and
dividend not exceeding
per
earnings,
(after payment
of 7 on common) also shares with common in any surplus.
Prices of roals the company also has Its Hue in Illinois to East St. Louis, and to
with the Hannibal A St. Joseph road (purchased by
Qolncy,
connecting
in
as
follows;
Preferred
in
stock have been
1881, 1409153;
1882,
B. A Q. in 1883) across Missouri to St. Joseph. The mileage reported
130346; in 1883, 1403150; in 184, 1429152; in 1845, 1473155; in C.
at
of
the
close
was 4,917, of which 160 miles were leased or oper1888
in
in
lu
1888. 1579165;
1889 to
1886, 1509162:
1887, 1553164;
Common in 1881, 1273156; in 1882, ated with other companies. In addition to this the company conSept. 20 inclusive, 160 3165.
trols
and
owns
the St. Louis Keokuk A N. W. road, 181i miles
largely
in
1884. 1183140VJ; in 1885. 128
1271891451s: in 1883, 128913714;
9140: in 1886, 1383146; in 1847, 1303155; in 1888, 1323140s; the Kansas City St. Joseph A Council Bluffs, 313 imles the Chicago
Burlington A Kansas City, 153 miles the St. Joseph A Des Moines, 50
in 1889 to Sept. 20, inclusive, 1259140.
Dividends sinoe 1876 have been: In 1877, both stocks, 7ifl; in 1878, miles and a half-interest with Wabash in the Humeston A Shenandoah,
In
both 7 in 1879, preferred 7, common 6 in 1880, pref. 7, com. 6i
in 113 miles. The allied road to St. Paul is the Chic. Bur. A Northern.
1881 both 8; in 1882 both 8: in 1883 both 8; in 1884, both 10 from September, 1887, the Denver Utah A Pacific (narrow gauge), 43 miles,
Denver
to
was
Uol.,
Lyons,
purchased.
in
1889 to date, both e.
1885 to 1888, inclusive, both 8;
Operations and Finances. The Chicago A Alton road has been parOrganization, Ac This was a consolidation in January, 1875, of the
ticularly strong in having a large local business between Chicago and Chicago Burlington A Quincy in Illinois and the Bumngron A Missouri
St. Louis, so that it was less dependent on through business, which is River in Iowa.
In 1880 the Burlington A Hissouri in Nebraska
done at competitive rates. Its leased lines are as completely controlled was abserbed. The leased lines
are practically owned and there
as if owned, and the system is compact.
is no charge for rentals in the income account, except as interest on
Operations, earnings, Ac, have been as follows for four years past. bonds. The ownership in the other roads above-mentioned is in the
Fiscal year ends Deo. 31. Annual report for 1888 was in V. 48, p. 249, stocks and bonds
In
thereof, and their accounts are kept separate.
and the President's remarks at length in V. 48, p. 238.
August, 1885, the agreement was made with the Chic. Bur. A So.
income account
for the line to St. Paul, but the C. B. A Q. owns $3,097,500 only of the
1885.
1887.
1886.
1888.
stock of that company. Fiscal year ends Dec.31. Annual election in April.
$
$
$
Receipts
$
The lands have been mostly sold, but 79,300 acres remaining, and
3,380.322
3,409,684
3,671,183
2.843,380 land notes are $1,215,841.
Netearaiugs
Othor receipts
272,845
282,654
269,239
2/3,252
Stocks and Bonds. The stock has been rapidly increased for the
of new lines, and in 1380 a distribution of 20 per cent in
Total
3,653,167
3,692,338
3,910,422
3,116,632 acquisition
In 1877, 9 per cent
stock was made. Dividends have been
In
Disbursement*
$
$
1878. 1019; in 1879.8; in 1880, 914 cash and 20 stock; from 1881 to
Rentals paid
701.777
704,473
710,608
665,455 1887, inch, 8; in 1888, 5 por cent; in 1889 to (late 3. The prices ot
Construe, equip., Ac.
380,702
254,134
657,444
531,542 stock have been In 1881, 133ia>182ia; In 1882, 120ia3l41; in 1883,
Interest on debt
839.307
836.341
831,031
825,658 115*912938; in 1884. 1079127S; in 1885, 1151931381a: in 18S6,
Dividends.
1,409,750
1,407,224
1,407,644
1,407,608 128343141; in 1887, 123 783156; lnl884, 10'3%al30*a; In 1889 to Sept.
Miscellaneous
93,854
102,116
106.924 20,incl.,s9 7d3lllia
92,672
The C. B. A Q. on many of Its branch lines gave a traffic guarantee of
Total disbursem'ts.
3,428,080
3,301,632
3,699,399
3,537,187 40 to 50 per cent, which was used in purchasing their bonds. The
Kansas Citj' St. Joseph A Council Bluffs and branches was purchased
Balance
sur. 225,081 sur.390.706 sur.241,023
df.420,555 (254 miles), and the Chic. Burl. A Q. stock issned therefor at $125 per
(V. 47. p. 140; V. 4S, p. 249, 258. 688; V. 49, p. 100.)
share, taking the St. Jo. stock at $72 50 per share. Enough of the C. B.
A Q. consolidated mortgage Is reserved to take up prior debts. Tlio
dc
Atlantic
from
Opened May 14, 1883,
Chicago
Marlon, 0.,on bonds
of 1876 are secured by mortgage bonds of like amount on St.
line of N. Y. Pa. A O., to Hammond, Ind., 249 miles, and thence over
the Chicago A West. Ind. to Chicago, 19 miles. Connecting line for N. Louis Rock si; 11 1 A Chicago road deposited with trustees.
Iowa trust bonds of 1879, $8,988,000 are 4s and $2,894,000
Of
the
Y. P. A O. and N. Y. L. E. A W. to Chicago.
Stock, S9.S63,950. of which $9,000,000 was deposited with H. J. Jewett (then President 5*i the 4s being subject to call at 100 and the 5s at 105, the sinking
fund
being 1 13 per cent of bunds issued, payable Oct. 1 yearly.
of N. Y. L. E. A W.), in trust. On Nov. 1, 1884, the interest due on 1st
The collateral trust Nebraska exten. eras of '87 (V.ETr. Co., of Mass.,
mort. bonds was defaulted, and interest was afterwaid paid at 41* p. c.
rustee.l are Issued at $20,000 per 111. for single track and $i0,0o0 per m.
as per reorganization scheme, until May, 1889. when it was defamed.
The 2d mort. bonds were largely pledged tor N. Y. L E. A W. loans, and additional for second tra k. Bee abstract of inortg. in V. 45, p. 441.
Sum total of all sinking funds Deo. 31, 1888, excluding holdings of
abou t $800,000 are held by the Erie an. $2, ".00,000 In trust for Krie
was $11,766,511.
by Fanners' I.oan A Trust Co., and balance ot $1,700,000 by other bonds canceled,
Many of the bonds are redeemable (may be drawn) before maturity at
parties. In February, 18s6,suit was brought by the Farmers' Loan A
RR
;
;
:
;
:
;
;
;
:
;
:
I
t
1
Trust Co. to foreclose the mortgages. A decree was entered in Jan., various prices, plus acciued interest, as stated in the table above. The
.vio. in Nebraska OS. due 191>. are redeemable at 100, but this
1889, but sonic of the 2d mortgage bondholders appealed, and litigation Bur. A "
exempt" bonds applies only afier 190^.
is yet pending; V. T. Malott was appoint, d receiver May 18, 1889, and for the
In August was authorized to borrow $250,0
on receiver's eenincati s.
Operations and Finances. The Chic. Burl A Quincy RR. lias been
An outline of proposed plan was in OHBONICLk, V. 44, p, 369. one of the most profitable In the country, as iu numerous branches tribby w hlch :he new issue of bonds was to be $12,000,000, bearing 1 per utary to the. main line were built into choice agriculturaj territory,
cent for 5 years. 5 per cut thereafter, gold, guarani
by N ?. L. E. where they enjoyed a monopoly of the local business at full rates.
AW., and * It 0,000 only of stock to be held by that company there will
From Jan. 1 to July 31 in 1889 (7 mos.) gross earnings were $14,050,also be $10,000,000 of 5 per cent nou-cuniulative Income bondr. In tho 927. against $11,839,166 In 1888; net, $4,735,709, against $1,646,737.
year ending June 30, 1X88, gross earnings were $2,405,121; net over On lutes controlled gross earnings for same peiiod were $3,967,316.
expenses and taxes $540,559: rental to Cn. A W. Ind..
180,461; agntust $3,020,992; net. $1,095,567, againsi $40,551.
See icport V. 47, p. 593. (V. 40. p. 537. 649: V. 47, p. 530 63, 503
The annual report for 1888 was published in the CHRONICLE. V. 48,
V. 48, p. 37, 127, 291, 633, 688; V. 49, p. 21, 206.)
Comparative statistics for four years are as follows
ip. 397 and 399.1
(
1
;
;
:
September,
KA1LK0AD STOCKS AND BONDS.
1889.]
35
Subscribers will confer a great favor by siring Immediate notice of any error discovered In these Tables.
Bonds Prino
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
pal, When Du"
Amount Rate
For explanation of column headings, Ac, see notes
of
Par
of
per when Where Payable, and by Stocks Last
Road Bonds Value. Outstanding Cent, payable
on first page of tables.
Whom
Dividend.
Chicago Burlington <C Quincy ( Continued)
Burl.* Mo. Riv.. 1st inort. (cum. s. f., not dr'ni c*
do 1st M. conv. bonds
....o*
Burl.&Mo.RR. in Neb.cons.M.l.gr..s f.dr'nat 100
o*
Oruaha &S.W., 1st M., guar
Burl.* Mo.RR.in Neb., s. f. for At. & Neb.RR.Stock
c*
Nebraska Railway eonsol. mort., guar
Repub. Val. R. lstM.g.(dr. at 100) s.f., $ll,000.c
Atchison & Nebraska. 1st mortgage guar
c*
iiUJ.oui. A N. RR. and bridge at Nebras. City
Lincoln & N. W. RR. 1st M. euar. s. f. 1 p.c not dr
& C.
K.C.St.Jo.
281
40
628
49
133
148
146
116
73
274
62
Bl..eonsol.M.(Mos.l to tOO pref.)e"
1st Ms. Nod. andTark Val. RRs. (dr. at 100). .c*
Huuiestou & Shenand. RR 1st M..S20.000 p. m..
Calumet Per. IstM g. ($3,000,000) .c*
Chicago
Chic. <t East. III. Stock ($4.358,200 is 6%pref.)....
1st M., (S.f. $20,000 after '65. no drawings). ..C
<
"so
,
c*
493
107
208
c*
General consol. mortgage
c&r
Dan, & Grape Creek RI1 1st mortgage
c*
Strawn * Ind. 8tate Line bonds, assumed, s. f .c*
Chic* Indiana Coal 1st M. ($25,000 per mlle).c*
Chic. <t Or. Trunk 1st M. $ *
($567,500 res'd)c*r
2d mort
Northwest. Grand Trunk, 1st mort
Chi:.
01. Western 1st mort.. gold, int. guar
c*
2d mort., for $4,000,000, gold. int. guar
c"
Chicago Milwaukee <i SI. PaulCom. stock
Preferred st'ck (7 p.c. y'rly, not cumulative)
Consol. mort., gold (for $6,000,000) s.
Collateral trust bonds, sinking fund
C. &E. 111. Extension. 1st mortgage
f
C
Miles owned A leas'd
Milts operat'd jointly
Total operated
1885.
3.534
113
3.617
.
1879
1878
1887
1880
1877
1880
1881
1838
600&C.
lOOAe.
lOO&c.
1,000
1,000
1,(00
100
1877
1884
1887
100 &c
"*15
1881
J, 000
277
7
1887 l,000*c
1880
1,000
1,000
1,000
13
1881
1886
1880
1882
18S0
500 &c.
10
1886
1886
1,000
1,000
1875
1863
1,000
1.000
10
,670
,670
,435
370
1,000
1,000
100 *c
1,000
100
100
1886.
3,914
1887.
4,571
1888.
4,757
122
122
160
4,036
4,693
4,917
1887.
5,750,348
9,752,325
,056,665
OPERATIONS AND FISCAL KESULTS.
Operations
Passengers carried"
Tons carried
1886.
5,213,595
8,534,708
1885.
5,134,312
8,431,808
1888.
968,148
$
$
$
Mail, express, *c
5,286,407
19,565,854
1,704,164
5,631,261
19,367.f35
1,727,212
6,629,859
18,675,655
2,270,564
,146,121
,484.035
,159,011
Total gross earnings
Oper. exp. & taxes..
26,556,425
14,405,768
26,728,408
14.491.683
27,576,078
16,097,913
23,789,167
18,882.460
Net earnings
12,150,657
54-25
12,236,725
54-22
11,478,165
58-38
4,906.707
79-37
earnings
Passenger
Freight
P.C. o fop.ex. to earn
*
Not iacluding those carried ou mileage or season
INCOME ACCOUNT.
$
tickets.
1885.
1886.
1887
1888.
12,150.657
592.432
12,236,725
615,342
846.771
13,698.838
1336.
11,478,165
4,906,707
169,601
408.555
5,484,863
18 38.
Receipts-
Set earnings
Interest and exch..
Net B. A M. l'dgr't..
Total Income
985,796
13,728.885
859,055
567,08 3
12,904.303
1885.
1887.
Disbursements
$
$
$
Rentals paid
187.171
153,215
198,168
193,709
Interest on debt
4.391.004
4,294,263
5,111,527
4,587,762
Dividends
6,110,572
6,110,722
6,111,064
3,819,578
Bate of dividends.. .
8
8
8
Carried to sink'g f'd.
646,430
670,295
500,154
691,474
Carried to renew'l f 'd
1,000.000
1.000,000
Total disbursements 12,23s,ldo 12,323,236 11,397,148
9,816,288
Balance, surplus
1,430,449
1,373.602
1,507,155 df.4,331.425
(V. 46, p. 133. 241. 254. 255. 478, 481, 802; V. 47, p. 381, 775; V.
48, p. 201, 291, 397, 399, 661, 729, 800, 827, 855.)
Chicago A Calumet Terminal. From East
Chlcajo around
the City of Chicago, meeting the Lake in the vicinity of Evaneton: 56
miles wh n flnisiie i. and cio-sing 26 r.ilroad lines; 30 miles
about completed. Central Trust Co., Trustee of mort.
Bonds are
isiueU at rate of $35,000 per mils single and $50,000 p. m. double track,
and a sufficient amount to meet interest for two years has been deposited Willi the Central Tru.t Co. Coinp-iny mens the rigut of way
100 feet wide. Stock $5,00 >,00. C. B. VanNostrand,Treis.,42 Wall st.
A
Eastern Illinois. Owns from Dolton, III., to DanChicago
107*2 miles; second main track Dolton to Momenoe. 33 miles;
Danville to Tuscola. 50 miles; Momenoe to Indiana State line
(Junction
with the Chic. & iud. Coal). 11 miles Wellington Junction to
Cissua
L -uses EvansvilleTerre llaute &C. RR., Dauville, 111.,
Park, 11 miles
to Otter Creek juno.. Ind, 49 miles; Otter Creek Juno, to Terre
Haute,
Ind., 6 miles; ot er Creek June, to Bruzil, Inu., 13 miles; Doltou to
Chicago (noes track C. A W. I ), 17 miles.
Chicago * Indiana Coal owns Brazil to La Crosse, Ind.. 145 miles,
branches, 26 miles; and leases; La Crosse to New Buffalo, 35 miles (of
Chicago* West Michigan RR.)
Tota
The Chicago * East Illinois was chartered as
Chicago Danville &
Vincennes in 18bo, and opened in 1872 and 1873. Sold
under foreelosJ. 7, 1877, and
reorganized under existing title Sept. 1,187'
ville, 111.,
""^"'"ciB wi iuc ^uicago iv. inuiaua uoai kk.
1 vwere granted
an excha-ige of common and preferred snick respectively
for their $2,197,800 common and
*l,465.aoO preferred stock,
par
thus
consolidating the properties. See Chronicle, V. 46.
V.
at
p. 134;
48, P. 3.14, for complete status as given iu the applications to the
Stock Exchange.
The general conciliated mortgage of 1887 (Trustee, Central Trust
co.) provide* tor the retirement oi
prior bonds and for 1 -sue
of bonds on new road at $18,000 $8,000,000
per mile lor single track, $7,000 per
mile additional for equipment ami
8.00<> per mile for double track.
Chicago* Indiana Coal 1st Mort of 1886 (trustees Met. Tr. Co. and
R -B; Pierf e, ., s for *l-000,000. ou road
from Yeddo to Brazil, and
""^ *''" 00 "' this 'or equip.) for extensions;
second
8
Track. 08,000
per mile.
1! 81 have beeD
On
in
3
in
common,
cent
?
1882,
r'""'
per
i R'J'i"'"**,
ft; in 1 887, 6: n 1-ss on new
pref. alone. 7; in 1889, to date, 3.
From July 1 to Dec 31.1888 (8 mouths),
grout earnings, including
Chicago* lodlapaCoal, were *1.I95,080; net $642,553 surplusover
fixed charges. $187,503; balance over 3 per cent dividend on
pref.
stock, both companies, 853,547.
H. H. Porter, Prent., Chicago. (V. 48, p. 100. 169, 2 72, 334.)
'
?_*,
,
:
;
;
I
I
.
7
Oct. 1, 1893
$1,170,550
A. & O. N.Y..F.L.& T.Co.&Bost
8
Boston, Co. 'a Office.
66,000
J. & J.
July 1, 1894
6
12,640,600
J. & J. Boston, Bk. of Com'rce. July 1, 1918
669.000
8
D.
Boston. Co.'s Office.
June 1, 1896
J.
4
Jan. 1, 1910
3,347,000
J. <fe J. Boston, Bk. of Com'rce
7
Bos ton. Co.'s Office.
Oct. 1, 1896
385,000
A. & O.
6
1,032.800
J. & J. Boston, Bk. of Com'rce. July 1, 1919
7
do
Mar. 1, 1908
do
1.125,000
M. & 8.
6
901.280
Boston
Di-o. 1, 1927
J. & D.
7
Boston. Co.'s Office.
Jan. 1, 1910
600,000
J. & J.
7
Jan. 1, 1907
5,000,000
J. & J. Boston, 2d Nat. Bank.
7
do
do
June 1, 1920
629,000
J. & O.
7
1,342,000
Mar. 31, 1911
Boston, Co.'s Office.
1938
1,050,000
5g. j. & b. N Y. Central Trust Co.
9,369,000 llonpf. Q.-M. N.Y. .Hanover Nat. Bk. Sept. 2, 1889
6
3,000,000
J. A D. N.Y.,4thNat.Bk.& Bost. Deo. 1, 1907
2,714,000
6g. A. & O. N. Y., Central Trust Co. Oct. 1, 1934
do
do
Feb. 1, 1912
61,000
g F. & A.
!
103.000
J. & D. New York, 4th Nat. Bk. Deo. 1, 1931
5
3,660,000
M. * N. N. Y., Cent. Trust Co. Nov. 1, 1937
6
M. & N. Boston, Globe Nat. Bk. May 1, 1920
119,000
6
150,000
J. & J. N. Y.. Central Trust Co. Oct. 1, 1921
5
N. Y., Met. Trust Co.
Jan. 1, 1936
4,402,000
J. & J.
J. * J. New York and London. Jan. 1, 1900
6,000,000
do
do
6,000,000
J. & J.
Jan., 1922
6
J. & J. N.Y., E.P.Beach.B'way. Jan. 1, 1910
567,500
4,000.000
J. &D. N.Y., Office, 36 Wall St June 1, 1936
5 g. J. &D.
do
do
June 1, 1936
4,000,000
39,680,361
2>9
A. & O. N. Y., Office 42 Wall St. April 23, 1888
21,610,900
do
do
Oct. 21, 1889
2h A. & O.
11.486.000
7
do
do
J. & J.
July 1, 1905
5.209.000
7
do
do
Jan.. 1893
J. * J.
-
172
327
327
66
<
Consol. M. (for $35,000,000) conv. into pref. sfk.c*
1st M. f Lacrosse Div.). convert, into pref. st'k.e*
1863 $50 &c.
69'70 500 &c
1878 600 &o
1871
1,000
1880
1,000
1877
1.000
-
I*
Chicago dc Grand Trunk,- Line of road from Port Huron, Mich.,
coElsdon, 327 miles; also uses 4 miles of Chicago & West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated. 335 miles. This
Is a consolidation of roads between Port Huron aud
Chioago formed in
Jan., 1880, under the control of the Grand Trunk of Canada. Stock,
in
of
$6,600,000
Canada gives a traffic
$100 shares. The Grand Trunk
guarantee of 30 per cent of gross earnings. Gross earnings from Jan.
I to May 31. In 1839 (5 months) were
275,193, against 268,436 in
1883; net, S6,425, agst.
65.128. In '88, gross receipts, $3,228,338;
net, $8 15,892; s rp. overcharges, $12,181, against $34,077 iu 1887.
-(V. 41, p. 400; V. 45, p. 52.)
&
Chicago Great Western. Owns a double-track road entering
Chioago from the west, and terminating at Polk st east of the Chicago
River, with large terminal property. The interest on 1st mort. bonds is
guaranteed by the Wisconsin Central and its allied lines, which enter
Chicago over this road. Terminals are under construction. Stock, $3,000,000; par $100.
&
St. Paul. (See Hap.) Line of Road.
Chicago Milwaukee
ITie company operates a great consolidated system of railroads In Illinois
Wisconsin, Minnesota, Iowa aud Dakota, which are well shown on the
accompanying map. The main through Lines are from Cliicago to Milwaukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
311 miles; Milwaukee to Prairie du Chien, 194 miles; McGregor (opposite Prairie du Chien) to Chamberlain, Dak., on the Missouri River. 442
miles; Chicago, via Savanna, on the Mississippi River, to Council Buffs,
la., 487 miles
MarioD, la. (ne ir Cedar Rapid 4) to Kansas City, 305
miles Minneapolis to Aberdeen, Dak., 288 miles. Ou Dec. 31, 1887,
the mileage in Illinois was 316; in Wisconsin, 1,305: in Iowa, 1,573;
in Minnesota. 1,120; in Missouri, 140; in Dakota, 1,215.
Total miles
operated, 5,670. On November 1, 1887, the line to Kansas City was
opened.
Oroanization. *c The Milw. & St. Paul RR. Co. was organized Mar
5, 1863, and embraced a numoer of other companies, including the Milwaukee* Miss., the Prairie du Chien, the Lacrosse & Milwaukee, and
otuers. The Milwaukee & St. Paul afterward purchased the St. Paul *
Chicago RoaU and others, and built the liue from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
nscal year ends June 30. The annual meetingis held iu Soutember.
Stocks and Bonds. The preferred stock has a prior right over the
common stock to a dividend of not over 7 p. c. from net earnings in
each year, but if not earned it has no cumulative right. If a dividend
was earned in any year aud not paid, there might be a claim on future
years for such dividend. After payment of 7 on pref. and 7 on com.,
both classes share pro rata.
Dividends since 1873 have been: On common in 1879, 2ifl p. a; from
1880 to 1884, inch, 7; in 1883.4; in 1886 and 1887, 5; in 1888, 2*3
in 1839, to date, nil.
Ou preferred, in 1874, 7 in oousol. bonds; in
1875 nil; in 1876, 3"a cash and 14 percent in bonds; In 1877, 3"3; in
1878, lOHi: from 1879 to 1887 inclusive, 7;,in 1888, 6; in '39, to date, 4>9.
The range in prices ot stocks since 1877 have been: Pref. in 1878, 649
84%: in 1879, 743g102%: in 1880, 99124is; in 1881, 116%140: in
1882, 114ia144H; in 1833, 115a>122i4; in 1884, 9o Ta9119-. in 1885,
1023)125; in 1886, 1163125%: in 1887, 110ai27i*: in 1888. OS^a
117; in 1889 to Sept. 20, iucl..97117. Common Iu 1878,27'a/54^;
in 1879, 343868218; in 1380, 66ia<114%; In 1881, 101is9129H; in
1882, 96"a9128 14; In 1883. 91%108ia; in 1884, 58 148i94 14; in 1885,
64%S99; in 1886, 8258999; in 1887, 69's3 95; In 1888, 59>478; in
1889 to^Sept 20. inclusive, 60 7875'.
An abstract of the terms of some of the principal mortgages was published in the Chkonicle, V. 45, pp. 85, 114, 144, 212; and V. 48, p. 830
Of the consolidated mortgage bonds of 1875, enough were reserved to
take up the prior bonds; these bonds may be stamped and discharged
from the sinking fund provisions. The St. Paul * Chicago, the Chicago
A Milwaukee, the Consolidated, the Lacrosse Div., the Iowa * Dakota,
the Iowa &
Dakota Extension, the Prairie du Chien 2ds,
and the Iowa & Minn. Div. bonds are convertible into preferred
stock. The terminal bonds issued in 1884 are secured by mortgage on
the terminal property in Chicago aud Milwaukee, subject to the lien
of the general mortgage on part of the track and terminals; but it covers
also other property quite detached. The Inoome bonds of 1886 are convertible into ooiumou stock, on notloe, 60 days after any divideud day.
They have a sinking fund of 4 per cent, and may be drawn at 105. In
addition to above bonds there are $89,000 Hastings * Dak. 7s, due
Jan., 1903, convert, into pref. stock; also $275,000 5 per cent real estate
mortgages due iu 1890 and 1894.
Tho general gold mortgage of 1889 for $150,000,000 was fully described In the Chronicle, V 48, p. 33o. The bonds bear inte'est not
exceeding 5 per cent. The LT. S. trust Co. ol New York is trustee.
Operations, Finances, *c The mileage and also the stock and debt
of this company increased very rapidly In six years, the miles owned
being 2,359 on January 1, 1880, against 5,670 on January 1, 1888, and
the stock and bonded debt, iu round figures, $69,000,000 on January 1,
1880, against $180,500,000 January 1, 1888. The most complete annual report issued fora number of years was that for 1887, wuich was
given at length in the Chronicle V. 46, p. 414.
From January 1 to July 31, 1889 (7 mo-iths) gross earnings were
$13,086,316, against $12,478,655 In 1888; net, $3,803,632, against
$2,403,5 73.
;
;
;
|
SO
INVESTORS'
SUPPLEMENT.
[Vol. XL1X.
Sfptember,
KAILROAD STOCKS AND BONDS.
1889.]
37
Subscribers will confer a great favor by giving immediate notice or any error discovered in these Tables.
DESCRIPTION.
Miles Date
of
For explanation of column headings, Ac, see notes of
Road. Bonds
on first page of tables.
Conlinved)
St. Paul
Chicago Milwaukee
c*
lstmort. (la. A M.) convert into pref. stock
c*
1st mortgage (Minnesota Central)
1st M. (Iowa A Dakota), con v. into pref. stock, c*
lstM.,I.AD.Ext.($15,0O0p.m.)eonv.intopf.st'kc*
1st M. (Prairie du Chien)
2d M. (Prairie du Chien), con v. into
Milwaukee & Western
e*
pref. st'k.c*
c*
-
St.P.AC. l8tM.(Riv.D.)$A(conv.intopf.stock).e
o*
1st M., Chic. A Mil.(conv. into pref. stock)
o*
1st mort on Lac'se A Dav. Div
0*
lstmort. on 8. W. Div. Western Union RR
1st mort. on Chic.A Pac. Div.,Chlc. to Miss. Riv.c*
1st mort. on So. Minnesota Div. ($9,000,000) ...c*
c*
Land grant income bonds, drawn at 105
230
49
126
234
195
195
,
convert., s.f.,4 p.c after '88 (dr.at 105)
.
Terminals mot., gold
o*
119
Fargo A Southern, 1st mortgage, gold, assumed
do
incomes
Dakota A Gt. 8outh'n, 1st, gold ($18,000 per m.)
159
Northwestern Common stock
Chicago
4,211
Preferred st'ck (7 p. c. y'rly not cumulative)
4,211
Consol. s. fd. M., purchasable (pot dr.) at 110. .c
776
.
.
1867
1864
1869
1878
1868
1868
1861
1872
1873
1879
1879
1880
1880
1880
$1,000
1,000
1,000
1,000
1,000
1,000
1.000
i'30
SOOAe.
85
1.000
185
1,000
212
1,000
120
1,000
419
1,000
1,000
395 1880-6 1,000
372 1880
1,000
161 1880
1,000
l8tM.bnHa8t.ADak.Div.extens.($l5,000p.m.)c*
1st M. on Ch.Cl.D.A M.(Dub.Div), s. f.,not dr"n C
o*
1st M. on Wis. Val.RR.,s.f., 1 p.o., not dr'n
e*
107
Prior mort.
do
c*
142
1st mortgage, Mineral Point Division
o*
68
1st mortgage Chic. & Lak- Superior Div
230
IstM.Wis. A Minn. Div. ($20,000 p. m.)
m..c*
on
Chic.
A
1st M., g..
Pac.,W. Div., $20,000 p.
1,267
154
Chic. A Mo.Riv.Div.,lstmortg.. ($20,000 p. m.).c*
c*x
Gen. mort.. gold (for $150,000,000)
bond
par
Value.
I
<tf
Inc.
Size, or
1879
500
1880
1,000
1881
1,000
1881
1,000
1881
1,000
1886
1,000
1889 lOOOAe.
18*6
1,000
1884
1,000
1883
1,000
1885
1886
1,000
100
100
1865
1,000
as
INVESTORS'
SUPPLEMENT.
[Vol.
XL1X.
Septembkb,
1889.
KAILROAD STOCKS AND BONDS.
J
39
Subscribers will confer a great favor by glvlnj; Immediate notice of any error discovered in these Tables.
DESCRIPTION.
INTEREST OR DIVIDENDS.
I
Mile* Date Size, or
Amonnt Rate
of
Par
For explanation of column headings. &c, see notes of
per When Where Payable, and by
Road. Bonds Value. Outstanding
Cent.
Whom.
on iirst page of tables.
Payable
|
|
Chic,
d Northwestern
(
Continued)
Madison extension, J.stM.,g.(s.f ,$23,000 notdrn)
Chic. A Mil., 1st mortgage ($20,000 per mile)
Menominee River, 1st mort., guar
Menomineeexten., 1st M ,g.(s.f $20,000. not dr.)
126
85
25
120
1871 $500Ac.
1863
1,000
1876
1871 500 Ac
1872 500 &c
Gen eons. M.. gold, s.f. 1 p.c. ($48,000,000).. c&r 1,058
137 1S70-1
WinonaASt. Peter, 2d mort. (now 1st), guar
1st M. exten. gld., land gr., s. f
1st mort., guar, by Chic. A N. W..
Northwestern Union, 1st M., g., s. f
Rochester & No. Minnesota, 1st mortgage
Chic Mil. & N. W., construction bonds
Chicago ATomah, 1st mort., guar
Mil. A Mad. 1st m. Mil. to Mad.,gu. $20,000n.m.0"
8. f.bds.dst M. col.) ($15,000 p.m.)red.at 105.. cAr
8. f. deben. not drn.lfor C.St.P.M.AO.stock).cAr*
Debenture bonds of 1909 (for $6,000,000) ..c&r*
CAT
C.A N.W. Exten. bds. ($20,000 per M.)
Ottumwa C.F.A 8t.P., 1st
guar.($25,000 p.m.)
Des Moines A Minneapolis HK. 1st mort. Bonds...
Eseanaba A Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
do
1st M.. Southeast Div. (for $2,000,000)
North. IU., 1st M. ($20,000 p. m.) guar.
W.
Other small issues (see remarks)
Cedar Rapids & Missouri River, 1st mort
do
do
1st mort., 2d Div.
do
do
1st mort., 3d Div.
do
do
mortgage of 1384.
Maple River 1st mortg
do
Iowa Midland,
. .
M
.
.
CAN.
Fremont Elkhorn A Mo.Val.,Consol.bonds
8. C. APac CarTr.ass'd, $40,000 dr'n. yearly. c
Mo.V.ABlairRR.Br'ge. 1st. red'ble aft.'93
175
75
62
24
141
154
80
64
58
36
71
125
75
'70
58
146
311
1,000
1871 100 Ac.
1870
1,000
1872 500 Ac
1878
1882
1880
1880
1,000
1879
1,000
1883 l.OOO&c
1884 l.OOd&o
1886 l.OOOAe
1884
1,000
1882
1,000
1881
1,000
18S2
1882
1885
1,000
1861
1863
1866
1884
1877
1883
1883
1883
500 Ac.
500 Ao.
500 Ac.
1,000
1,000
INCOME ACCOUNT.
July. 1854.
1887-88.
$
$
11,250,974
10,026,759
9,664,972
5,215,156
3,444,504
5,540,456
3,444,504
6
58,000
5,136,198
3,444,504
7
6
58,000
$9,038,867
$1,381,507
$8,638,702
$2,612,272
$8,717,660
$1,309,099
$
Receipts
Net earnings....
LHsbursem cms
Interest on debt*
Dividends
Rate on pre f
Rate on comm'n
Silking fund.
1888-89.
1886-87.
1885-86.
10,420,374
$
$
5,536,363
3,444,504
7
..
Tot. dlsb'm'ts.
Balance, surplus
7
7
6
58,000
6
58,000
$9,042,960
$622,012
Less credit items.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1886-87.
Assets
.
Road and equipment
Bonds owned
Stocks owned
Land grant investment*
Bills and accounts receivable
Materials, fuel, Ao
Cash on hand
Trustees of sinking fund
Total
1887-88.
$
$
144,161,050 148,372,056
6.082,295
10,321,015
12,467,159
12,282,160
253,000
230,000
1,757,952
1,846,520
2,455,296
3,000,978
4,214,036
3,669,099
4.320,17 5
4,438.177
176,048,646 183,8z2,322
1888-89.
$
150,822,658
*11, 199.310
112,467,159
276,000
1,977,541
1,614,709
3,204,384
4.522,402
186,114,163
Liabilities
Stock, common
Stock, preferred
8tocks of propriet'ry roads, Ao
Bonded debt
Divid'ds declared, not due
41,374,866
41,374.865 ,'41,374,866
22,323,454
22,325,454 122,325,454
671,1*3
668.933
584,360
97,384,500 103,433,500 105,121,500
1,331,600
1,331,599
1,331,599
4,320,175
Sinking funds paid ...'.
4,438,175
4,522,400
Current bills, pay-rolls. Ac...
2,721,369
2,050,770
1,294,873
Uncollected coupons, Ao
135,506
122,880
147,458
Duetoroadsin Iowa
790.955
316,814
1,04S,092
Note of Consol'n Coal Co
125,000
125,000
125,000
Accnied Interest
1,473,536
1,552,796
1,574,828
Miscellaneous
115.209
167.369
157,000
Land Income account
714,104
1,188,546
1.570,715
Railroad income account
2,994.539
4:925.649
4,303,639
Total
176,048.646 183,822,322 186,114,163
*
Includes F. E. A M. V. consols and Wyoming Central RR. lsts owned
and pledget as collateral for extension 4s of 1886, $11,015,000.
t Includes Chic. St. P. M. A O. stock, $10,315,659; F. E. A M. V. RR.
stock, $1,966,500. Also owns C. A N. W. common stock, $10,007,520,
and preferred stock, $2. 284 Included on other side of the account.
; Including $10,007,520 common stock and
$2,284 preferred stock In
h'
Co's treasury.
I Including live bonds in sinking funds, which amounted May 31, 1889,
*1 ,41 7.500.
-IV. 47, p. 168, 182, 300; V. 48, p. 763; V. 49, p. 131, 144, 174 )
to
A O.
A J.
A J.
A D.
7g.
J. A D.
M. A N.
?
J. A D.
A. A O.
7
M. .vs.
7
M. A S,
M. A N.
M. & N.
6
m. a s,
5*6 A. A O.
5
M. A N.
5
M. A N.
4
F. A A,
5
M. A 8.
F. A A.
7
6
J. A J.
6
M. A 8.
M. A N.
6
m. & a.
5
A.
$2,977,500
1.700.000
560,000
2,546,500
12,336,000
1,592,000
4,067,500
1.350,000
3.365.000
200,000
601.000
1,528.000
1,600,000
14,457,000
10.000,000
3,869,000
15,461,000
1,600,000
600,000
720,000
1,007,000
2,000,000
1,500,000
531.000
700,000
582,000
2,332.000
769,000
402.500
7.725.000
280,000
1.000.000
Chicago Rock Island
Pacific (See Hap.) -Use of Road.
to Council Bluffs, 500 miles; Davenport. la., to Atchison, Kan., 342 ; Atchison Junction to Leavenworth, Kan., 22; Washngton, la., to Knoxvllle, 78; South Englewood to South Chicago, 8; Wilton to Muscatine. 12: Newton to Munroe, 17; Des Moines to Indianola
and Winter-set, 47 Menlo to Guthrie Centre, 14 Atlantic to Audubon,
25; Atlantic to Griswold. 15; Avoca to Harlan, 12; Avoca to Carson. 17; Mt, Zion to Keosauqua. 4; Wilton to Lime Kilns. 6; Aliamont
to St. Jose h, 50 miles; So. St Joseph to Kushvillo, 15 miles; Kan.
City
to Arriiniirdalc, 2 mi'es; total owned, 1,186 miles. Leases: Cameron,
Mo., to Kansas City, 54; Bureau Junction to Peoria. 47 miles; Keokuk
to Des Moines. 162; Des Moines A Fort
Dodge RR., Des Moines to
Fort Dndge and Ruthven. 144 miles; total leased, 407 miles. Total
operated. April 1, 1H89, 1,593 miles.
The (Inc. Kan. A Neb. mil. age was as follows April 1, 1889. Owned,
Klmwcod. Kan., to Liberal, Kan., 440 mi es; Herington, Kan., to
Pond Creek, I. T., 160 miles; Herin ton, Kan., to Salina
n., 49
miles; Hoitni. Kan., to Koswell Col., 569 miles; Falrbury, Neb to
Neli-on Neli., 51 miles; MrFar .and, Kan., to Belleville, Kan., 104
miles;
Dodge City to Bucklin, Kan., 26 mllei-; total owned, 1,38 miles;
leases trackage Kansas Cily to No. Topeka, and Union, Col., to Denver
(over In. Pac. KK.).nd Denver to Pueblo (over Denver A Bio Grande)
276 miles in all; total, 1,664 miles.
:
;
:
K
,
Oroabizatiow
Illinois
Feb.
7,
& A.
A N,
J. A D
J. A J
A. A O
M. A 8.
J. A J
M.
The present
The Chicago A Kock Island RR. was chartered in
1851, and opened from Chicago to the Mississippi River
April 1, 1911
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July
July
1,
1,
1,
Deo. 1,
Nov. 1,
Dee. 1,
Oet. 1,
June 1,
Sept. 1,
Nov. 1,
Nov. 1,
Sept. 1,
Oct. 1,
June
May
Julj> 1,
Sept. 1,
Nov.
Mar.
I.
1,
1,
18921908
Aug.
Aug.
1,
1,
1,
June 1,
July 1,
Oct. 1,
Mar. 1,
Jan. 1,
May
Boston, Column Nat.Bk.
Chic. R.
1,
Nov. 1,
Aug. 15,
Mar. 1,
Feb. 1,
1898
1906
1911
1902
1907
1916
1900
1917
1908
1905
1905
1905
1929
1933
1909
1926
1909
1907
1901
1907
1907
1910
1891
1894
1916
1909
1897
1933
1896
1923
A Paciflo was a consolidation June
1880, with $50,000,000 stock authorized, and a stook dividend of
100 per cent to the holders of Chic. R. I. A P. stock. Des Moines &
Fort Dodge RR. was leased in '87. The annual election occurs In June.
Stock and Bonds. Dividends have been paid as follows since
1876, viz.: in 1877 and 1878, 8 per oent; in 1879, 10; In 1880,
8 1sca8h and 100 p. 0. In stock; from 1881 to 1887, inclusive, 7, in
1888, 6h; in 1889 to date, 3.
4,
of prices of stook was as follows since 1876, viz.: in 1877,
In 1878, 98%al22; in 1879, 119ai50>fl; In 1880
1493204; July to Deo. (new stock) 100*3 143 in 1881, 129
al488; in 1882, 122314014; in 1883, 116>aal27i4: In 1884. lOOVta
126%; In 1885. 1059132; in 1886, 120ial31; in 1887. 109 3140 Ta;
In 1888,94 7a114i2; in 1389, to Sept. 20 inclusive, 89>al0438.
The extension and oollateral trust 5 per cent bonds of 1884 (trustee
of mortgage U. 8. Trust Co.) are issued at the rate of $15,000 per mile
fur single track, $5,000 per mile additional for equipment and $7,500
for double track. They are seoured either by the direct lien of a first
mortgage or by deposit with the trustee of an equal amount of 1st
mortgage 6 per cent bonds of branch lines. After July 1, 1894, they
Range
82>*105>fl;
to July,
;
are redeemable at 105 in the order of their numbers, beginning with
the lowest. The differeuoe in rate of interest of the oollateral trust
bonds and the bonds deposited (1 per cent yearly), as it accumulates, is
invested in the collateral trust bDuds if purchasable below 105; otherwise it reveits to the oompany. The bonds deposited to secure them
are the following: $3,228,0 >0 Wisconsin Minnesota A Pacltto bonds
on road from Morton, Minn., to Watertown, Dak., 121 miles, and Red
Wing to Mankato, Minn 93 miles (the Wisconsin Minnesota A PaciHo
beingoper^ted by the Minn.A St Louis); $1,280,000 St. Jo.A Iowa bonds,
on road from Altamont to Rushville, Mo., 64 miles; and $24,647,000
bonds ($3,827,000 for equipment) of the Chic. Kan. & Neb. RR. Co ,
which to Apr. 1, 1889, had constructed 1,388 miles of road, principally
in Kansas, and completed a line to Colorado Springs, Col., in Oot., 1888.
Also $1,155,000 bonds were issued to retire the first mort. bonds of
Kansas City A Topeka Ry. Cj., owning 10 miles road, a bridge over
Kansas River and terminal property In Kansas Olty. (See abstracts of
the extension and collateral trust mortgage, and of the mortgages
seouriug the bonds deposited, in Chronicle, V. 47, p. 260, 261, 262.)
In August, 1889, suit was begun by the Metropolitan Trust Co., as trustee, to foreclose the Chicago Kansas & Nebraska mortgage in the interest of the collateral trust bond holders.
The fiscal year ends March 31. Annual report for 1888-9 in V. 48 p.
762 and 798. The mileage, earns., Ac, have been as follows :
1888-89.
1885-86.
1886-87.
1837-88.
Miles owned A oper.
1,592
1,384
1,527
1,384
operations
3,705,992
3,720,334
Passengers carried.
3,121,607
3,517,624
Passenger mileage.. 129,208,404133,091,642 142,578,651 146,286,243
2-206 cts.
Rate per pass.p.mile 2-420 ots.
2-336 ots,
2-328 cts.
Freight (tns) carried
5,058,83b
4,180,109 4,970,496
3,873,605
Freight (tons) mile*. 719,972,565 793.824,454 941,661,006 874,604,510
Av.rate p.tonp mile
0-97 cts.
0-93 cts.
1-07 cts.
1-01 cts.
*
Company's freight not included.
,
$
Earnings
Passenger
Gross earnings
Operating expenses
3,127,258
3,097,916
3,489,501
7,713,659
8,037,453 8,801,354
1,218.872
1,163,431
1,183.681
12,004,348 12,319,050 13,509,727
7,166,893
7,501,809
8,742,060
3,367,001
8,440,420
1,033,608
12,841,029
9,127,199
4,767,667
64-71
3,713,830
Net earnings
4,837,455
59-70
4,814,241
60 92
INCOME ACCOUNT.
P.c.of op.ex.toearn.
&.
Owns from Chicago
do
do
do
do
do
do
do
do
do
do
do
do
do
do
F.
7
7
7
6
6
6
River. -Line of road fromS'dells, 111., toOlney, Freight
Chicago
86 miles. This Co. was organized in 1886 as successor of the Danville Mail.expr's, r'nts, Ao
A Ohio River, foreclosed in Feb. 1886. An extension to the Ohio
River is projected Income bonds are convertible Into stock for Ave years
from May 1. '86. Grocs earnings -n 1887-88, $:.6,933; net, $1,716; delist iin.i.r Interest, $15 285.
In 1&86-87. gross, $75,377; net over operating expenses and fixed charges, $1,639. Austin Corbin, President.
N. Y. City. -(V. 41, p. 21, 289, 308.)
do
do
&"A.
F.
7
& Ohio
Olney
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J.
J.
"7
Dividend.
N.Y.,Co.'sOrnoe ,52 Wall
J.
7
Bonds Pri noWhen Due.
Stocks Last
pal,
1885-6.
$
Receipts
Netearnings
From land departm't
Inc. from prop, roads
Prern. on bonds, Ao
4,837,455
310,000
1886-7.
$
4,814,240
230,000
.
Chic. K.
A
1887-8.
5,147,455
5,044,240
1888-9.
$
$
4,767,667
220,000
193,170
844,000
Neb. iut
Total income
DisbursementsRent leased roads ..
Interest on debt
Add'n and imp. acc't.
7108
3,713,831
130,000
1 682,498
114,487
1,416,442
6,024,837
6,057,259
411,400
1,810,778
;i,865,733
2,282,210
206,388
3,010,518
2,653,824
303,762
1,320,067
Dividends
Rate per cent
301,995
1,213,250
463,000
164,784
2,937,186
7
170,922
2,937,186
Total disbursements
Balance, surplus....
5,080,215
67,240
4,732,537
31 1,703
5,439,084 7,031,493
585,753 def.974,235
Miscellaneous*
*
t
7
7
229,726
5%
Includes rental and
tolls Mo. River Bridge.
Net earns, of lines west or Mo. Riv. from June
1, '87,
to Mch. 31. '89.
Includes rental paid to C. K. A N. June 1, 1887, to Mch. 31, 1889.
-(V. 47, p. 21, 81,108,260,327,499,745; V. 48, p. 222,462, 762, 788
V. 49, p. 206.)
t
;
.
INVESTORS'
SUPPLEMENT.
September,
18c 9. J
RAILROAD STOCKS AND BONDS.
Subscribers will confer a great favor by giving immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on lirst page of tables.
Chicago A Northwestern (Continued)
Bloux City A Pacific, 1st mortgage
2d mort. (Gov't subsidy)
do
do
pref. stock (1st M. on 6 m).
Chicago A Ohio River. 1st mort. (for $500,000)....
conv.
into
stock till May, 1891
Income bonds,
Chicago Rock Island* Pac St'ck (for $50,000,000)
Bluffs A br'ohs.c*
to
Council
1st mort., Chic. 111.,
Chic* Southw.. 1st M.g. (g'd in cur. by C.R.I.AP.)
1st M. ext.and col. ($20,000 p.ni.),red.aft.'94,o.Ar.
Chicago SL Louis A PMsb. Common stock
Preferred stock (6 per cent cumulative)
*
1st M., consoL gold ($22,000,000) s. fund
. .
.
M. Chic A G't East. (Chic, to Logansport)..c*
do Col. A Ind. Cent. (Colum. to Ind. and br.J.c"
do Union A Logansp't (U'n City to LiOganst.o*
do Cinn. A Chic. Air Line(Rich. to Logans.) .0*
c*
2d M. Col. & Indianapolis Central
Chic. St. P. A Kan. City-lit, M.,g.(red'l Jan., '96).o*
m.c'
Minn. A Northwest'n 1st M.,g., $16,000 per
Income bonds (conv. into 5 per cent pref. stock)..
Chic. St. Paul Min'polis A ^maha Common stock..
1st
Consol. mort. for $3b,Oo6i6bd ($i5,006 per m.).c*
o*
Chic. St. Paul A Minn., 1st mort., gold
c*
North Wisconsin, 1st mortgage
8t.P.A8i'xC.,UtM.,g.($7,000,000)$10.000p.m.o*
o
St. Paul Stillwater A Taylors' Falls, 1st mort
o
Hudson A River Falls. 1st mort
c
Minneapolis East RR., 1st mort., guaranteed
Chic. A West. Indiana 1st M.g., 8. f., dr'n at 105.0*
Gen'l mort., gold, sinking fund, red. at 105 ....o*
41
49
INVESTOKS'
SUPPLEMENT.
[Vol XL1X,
MAP OF THE
CHICAGO, ST. PAUL & KANSAS CITY
RAILWAY.
f
fORHTRLT MlKrJISOTA AHD NOETH-WlSTIRK RAILROAD.
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N. P. June \
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JEFFERSON CL
'*A
Uiimort
...
^Olney
September,
1889.]
RAILROAD STOCKS AND BONDS.
Subscribers will coaler a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on first page of tables.
Chic.aCW.I>id.~(Con.)-Gt}u.l& dr. 105
Chicago <t West Michigan Stock, new
Or. Rap. Newaygo A Lake Sh., RR.lst mort.
Gen'l M. ($12,000 p. mile), 1st M. on 242 miles o*
Chippewa rnfi'ey-lstM. g. $A for$l,800,000...c-
Cincinnati Hamilton < Dayton Stock
Preferred stock, Series A & B
0*
Oonsol. mort. ($996,000 are 7s) $A,S. f
0*
2d mortgage, gold
Cin. Ham. A I. (Junction) RR., 1st mort., guar
Cinn.Jaek.d Jfacfc. Ut,eonsol., g. ($10,000 p.m.) c'
o*
Cincinnati Van Wert & Mich., 1st mort
2d M., inc., non.cum..red. at 100
do
do
Cincinnati Lebanon <t Nor. 1st m. (for $200,000). o
Cincinnati <t Muskingum Valley 1st mortgage
o
Cincinnati Hew Orleansdt Texas Pacific Stock
Richmond 8 Chic. 1st mort., guar
1st mort., gold, int. gu o*
Richmond A Ft.
Cincinnati Sandusky <t Cleveland Stock
Preferred stock
1st M., 8.Day. AC. ( Mad. Riv. A L. E ) dr'n at 100.
o
2dmortg. Cine. Sandusky A Cleve
o
Consol. 1st M. ($3,000,000) gold
c
Cincinnati dt Springfield 1st mortgage, guar
c
2d mortgage
Cincinnati Wabash <4 Michigan M. for$l,000,000.c
..o
Cincin. Washington <* Bait. Cin. ABal., 1st
Baltimore Short Line, 1st mortgage, assumed ..o
c
M.
on
246
lien
Prior
mort., gold (1st
miles)
1st M. (eubj.to aboveM.) ,g. (f6,250,000 are* 'ss gu.c
c
2d mortgage, old
3d mort., gold (3 pr. ct. for 10 years and 4 after) c
Cin.
Cin.
W
M
43
44
INVESTORS'
SUPPLEMENT.
[Vol. XLJX.
September,
RAILROAD STOCKS AND BONDS.
1889. J
45
Subscriber* will confer a sreat favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of
on
Miles
of
column headings, Ac. see note
first
page of
281
281
195
144
194
161
o
189 J
c
General mortgage, gold (for $1,800,000)
Cleveland a Canton 1st mortgage
Cleveland Cine innati Chicago it St.Louis
Stock, preferred, 5 per cent non cumulative...... 1,152
1,152
Stock, common
151
1st on 64 miles
o
Indianapolis Cin. A Laf.
1st mort., gold, redeemable at par after
Cin.
A Ind.;
1st
,
e
mortgage
Size, or
of
Par
Koad. Bonds Value.
tables.
Cincinnati Washington* Baltimore. Continued.
c*
1st Income mort., non-cumnlatlve, gold
o*
2d Inoome mort., non-cumulative
Stock
<*
Columbus
Cleveland Akron
M
Date
o
2d M.,guar
do
Gen.lst M.gC.I.St.LAC.s.f.lp.o. b'ds not dr'n.c&r
Con. M. C. I.St. L. Ac, drawn at 105,8. f. lp. o.c*
Cincinnati Lafayette A Chicagojlstniort., gold.
1st mort. Bel. A Ind. (part due yearly)
do
C. C. C. & I. sinking fund
Con. M.C.C.C. A I. (s.f.lp.c. )dr"n at 100 if unstmp'd
Gen. con. M. C. C. C.4I. gold (for $12,000,000)
1st M., in 3 ser. of $667.000...
Indian. A8t. L
Mort for $2,000,000, gold, (end. by C. C. C. A I.)c
Olevel. Lor. <* Wheel. CI. Tusc. Val. & W. 1st M..
Cleveland it Mahoning Valley Stock
c*
1st mortgage, extended
c*
3dmortg.) now 2d)
_
.
Consol. niort. for $3,000,000, (reg. Int. Q J.)cAr
cat
Cleveland <t Marietta. 1st mortgage
Cleve. of Pittsb. Stock, 7 p. ct. guar, by Penn. Co
c
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000.0
Constr'n and equip't Inc. bds., Ser. "'A" ) S.f.dm.c
B" J at 100.0
Ser.
do
do
-
21
21
389
175
56
119
391
391
391
%
158
125
67
67
125
225
199
199
1883
1893
1886
1887
1887
$1,000
1,000
100
500 Ac.
500 .fee.
1,000
;
Chronicle
;
of July 20.
(V. 49, p.
82)
Jan. 1 to June 30 (6 mos.) gross earnings were |$972, 262, against
$972,202 in 1888; Let $223,369, against $214,813.
Report for year ending Dec. 31,1888, was in Chronicle, V. 48. p.
826, showing the following
:
INCOME ACCOUNT.
Gross earnings
Net earnings
Disbursements
Int. on bonded debt.
Other Int. A mis eel
.
. .
Outstanding
$3,214,000
4,000.000
4,000,000
260,000
1,431,000
2,C 00,000
INTEREST OR DIVIDENDS.
When Where Payable, and
Whom.
Cent.
Payable
Kate per
J.
i
M.
g
J.
"
|
Bonds
pal,
by
No interest paid.
No interest paid.
1
100 10,000,000
1H
100 20.500.000
1867
1.000
431.000
"f
1862
7
1,000
297,000
1867
7
1,000
789.7E0
18*6 1000 Ao
6,864,000
1880
s*
1,000
792,000
1871
869,000
1,000
7g.
1864
7
1,000
235,000
1869
7
1,000
3,000.000
1874
3,920,000 7 or 6 g
1,000
1884
1,000
3,205,000
1869
1,000
2,000.000
1882
1,000
500,000
1878
1,000
700,000
50
2*4
2,759,200
1873 500 Ac.
654,000
1876 500Ao.
487,900
1888 l.OOOAe
1,500,000
8
1887
I
600,000
1,000
50
1%
11,247,036
500
1862
6
1,104,841
1867
7
1,982,000
1,000
1873
7
1.000
1,537,000
1*>73
7
463.000
1,000
1888, default was made in payment of ooupons on some of the 1st
mort. bonds, both 6s and 4as, and on Dec. 31, 1888, Col. Orland smith
and Henry C. Yergason were appointed receivers. The Baltimore A Ohio
has a lien against the property in a judgment f n r $1,220,398, deolared
a prior lien by the conrt in March, 1889 the floating debt additional is about $668,000. (8ee Chronicle, V. 48, p. 37, 100, 127, 368.)
The cons stock is $5,8s6,100; pref., $12,a93,200 par $100.
Of the first mortgage bonds, $1,250,000 bear 6 per cent, the balance
bear 4 1a per cent and are guaranteed by the Bait. A Ohio KR. Co. The
coupon of May, 1888, wa. the last paid on the 6s, and on the 4"a per
cents the B. A O. company purchased instead of paying the coupons of
May, 188 9. Baltimore Short Line mort. covers 30 miles of main line
from Be lpre westerly. The $300,0C0 Scioto A Hocking Valley bonds
due in 18 88 v, ere taken up, and are held for the account of the company.
The roal was sold Sept. 19, 1889, to Mr. E. R. Bacon, of the committee, and the plan of reorganization was given at length in the
.
Amount
&
&
&
N. Y.,
J.
B.
J.
Q.-J.
F.AA.
J. A D.
J. A J
Q.-F.
M. A N.
M. & S.
J. A J.
M. A N.
J. A D.
J. A J
Various
M. A N.
A. A O.
Quar.
F. A A.
M. A S.
J. A J.
F. A A.
Q.-M.
J. A J.
M. A N.
J. A J.
J.
A
J.
do
do
J.
A. Horsey.
do
do
Prino:-
When Due.
Stocks
Last
Dividend.
Nov.
Nov.
April
Jan.
Mar.
N.Y.8.V. White; Bos.I.Tr July
1,
1,
1,
1,
1,
1,
1931
1931
18S9
1926
1927
1917
A Co. Oot. 1, 1889
do
do
do
do
Feb. 1, 1897
do
do
Deo. 1, 1892
do
do
Jan. 1, 1892
do
do
Aug. 1, 1936
do
do
May 1, 1920
do
do
Sept. 1, 1901
do
Until Jan. 1899
do
do
do
May 1, 1899
do
do
June 1,1914
do
do
Jan. 1, 1934
do
do
July 1, 1919
do
do
Nov. 1, 1912
N.Y.. Union Trust Co.
Oct. 1, 1898
Cleveland, Office.
Sept.10, 1889
N.Y.,Winslow,Lan.ACo. Aug. 1, 1893
do
do
Sept. 15, 1896
do
do
Jan. 1, 1938
N. Y John Paton A Co
Aug. 1, 1937
N. Y., Farm. L. A T. Co, Sept. 1, 1889
do
do
Jan. 1, 1892
do
do
Nov. 1, 1900
do
do
Jan. 1, 1913
do
do
Jan. 1, 1934
Drexel, Morgan
4tt
INVESTORS' SUPPLEMENT.
[Vol. XLIX.
September,
1889. J
KA1LR0AD STOCKS AND BONDS
47
INVESTORS'
48
SUPPLEMENT.
Subscriber* nll comer a gr*at laror by givtns Immediate notice
DESCRIPTION.
Miles
For explanation of oolumn headings, Ac, are note*
od tlrst page of tablea.
* Kant. Oil* 'st M. (for $ 7,000,000). c'
Bridge and Terminal at for $4,000,000, g
e'\
c
Oolorculo Central Ul M. (* 15 000 per mile)
Colorado Midland 1st m gold ($25,000 p. mlle)e*i
Cler. SI. L.
,
2d M.OstM.Jer. nieP. Br.), Inc. cum. tllr91,g.c*
d M. (for$3,000,00( ),g., Income cum. till '93. .c*
Equip bda. (9500,000), dr'n at 105 (s.f. In '90) C
:
.
o*
Columbia * Orecnrille lat mort., gold
...c*
2d mortgage
c
Columbia it Fori Deposit 1st mortgage
c*
Columbus ti Ctnn. midland 1st mort
Columbut * Eastern lit m. for $3,000,000 gold. 0*
tock .
Columbus Hocki ng Valley <t Toledo
CoL A H. V. 1st M., (reg. $500,000 by Treas.).C
c'
CoL A H. V. 2d mortgage bonds
c
Col. A Toledo. 1st M. (Columbus to Toledo)
do
do
2dM.
do
C
Ohio A W. Va.. 1st M
.
c*
Consol. mortgage, gold (for S14.5O0.OOO)
Gen. M.. g., on road A Hooking Coal A RR. Co. .c
Columbus Springfield dt Cincinnati 8: ock
c
1st mortgage
Columbus <* tenia Stock J 8> B P- e. r'l P. C. A 8t. L.;
o* ) Peon. RR. gun's lease. o"
1st mortgage
.
Concord Stock
c
Concord <* Claremont t.V. H.) 1st mortgage
Concord A Ports. Stock, 7 p. o. ren'1.99yrs. Cone'd
Pref.
Conn.itPastum.
stock,5-6p c.ren'l,99yrs.c*
o*
1st mortgage
Massawippi stk, guar, same div. as Conn. A Pass.
c*
do
bonds, guar, by Conn. A Pass
Newport A Richford 1st M., guar, by C. A P . .0*
Connecticut River 8took
(
any error discovered
[Vol. XL1X.
la thsse Table*
September,
1889.]
KA1LK0AD STOCKS AND BONDS.
49
AO
INVESTORS'
SUPPLEMENT.
[Vol. XL1X.
Subscribers will confer a great favor by giving: Immediate notice of any erroifdUcovered In these Tables.
DESCRIPTION.
For explanation of column headings. Ac., see notes
on first page of tables.
c
Connecting fPhila.) 1st mortgage, endorsed
0"
Corning Cowanesque <t Antrim Debentures
Coshocton 4 Southern-lst mortgage
Maeon 1st M., gold ($12,000 per m.)c
Covington
Cumberland it Pennsylvania 1st mortgage
2d m., s. f. $20,000 yearly, (guar.) ett'ded in 1888
Cumberland Valley 8tock ($484,900 is preferred).
1st A 2d Ms., 2d $109,500, due April, 1908
e'
Southern Pennsylvania (leased), 1st m, gold
Danbury it Nor. Stock, 5 p. e. gu. 99 yrs. Hous. RR.
1st and 2d mortgages (2d M. due July 1, 1892). c*
o*
Consolidated mortgage
0*
General mortgage
!
FL
Stock
($15,000,000) ..
Dayton
Wayne Ch'cagc
Dayton <t Mien. Cora, stock (3"s %guar.C. H.AD.).
<
Preferred stock, (8 peroent. guar. C. H. A D.)
Consol. niort., guar, prlnc'l A int. by C. H. A D..c
Toledo Depot 2d mortgage
Dayton it Union 1st M., sinking fund (not drawn)o
r
Income mortgage bonds, sink, fund
Dayton it Western 1st M., guar. L. M. andC. A X.c
Delaware 8tock-6 p. o. guar, till '98, P. W. 4 B
Mortgage bonds, convertible, guar. P. W. A B. o*
<t Bound Br.
Stock 8
gu., Phlla. 4 Read..
c
1st mortgage
1st mort. on Trenton Br., 2d mort. on main line.r
Del.
%
Delaware Lackawanna it Western Stock
Consol. mort., on roads A equipm't, ($10,000,000)
Plain bonds (not mortgage) convertible
Del. Maryland it Fa. June. A B. 1st M. to State..
c*
June A Breakwater, 2d mortgage
Breakwater A Frankford. 1st mort., to State
Worcester RR., let M. (s.f. not in operat'n) gold.C
Septembes,
EAILKOAD STOCKS AND BONDS.
1889.]
te
Meeker
oak#r Book Plalemq
<f
\
'
jia
f
WW*
51
*
Jl#jf>
V
"
^^gf=^W -0^"'
;
w*hurst
B&wxhurst'X
nyiilade
3>y Larkspur
Greenland
ASP EN'*
<;
palmer Xa1
Mini u men
T^C
Gothic
SoO* ,<"\
Hotehkiss<V~
I
Baldwin^
^=
Tncomjuthgre o*|^ J, f'<lge
eek
"a.
^\
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AuroraN
YV'*"''
viJ,
i
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l
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15*'&$s&J:&jyJJ&S/fe
jre *? V v,
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ill
Ms'
1'aiiVtt';
Hpme Kanch
nimus Citv
URANGOj
y%VX >
Jim
Yultey
*&>
i %^<^|^f.
So
9o^
5""'",)
Antelope
*San
0rovetow
LAKE CITY
c
fJj[
<$>
<fw
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^,T
^
COLORAD(f<U nac Ma
SPRINGS
^X ^^?
*- r
yiacei^ille<
/^-
MANITOU _ fcUf/
r^Jacks
Almont
7*
jp
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<3Vbutte
CaTjin
Montrose.
Ouray's Banch^^^i/-,
_Borst
ty y
*I
^'"}p
39
SUPPLEMENT.
INVESTORS'
XL1X
[Vol.
subscribers will confer a great favor by glvlug Immediate notice ot any error discovered In theae Table*.
Bonds- Prlncl
DESCRIPTION.
INTEREST OR DIVIDENDS.
Mile*
Date
pal, When
Sire, or
Amount Rate
Of
of
Par
For explanation ot column heading*, Ac, see note*
per When Where Payable, and by
Road. Bond* Value. Outstanding
on first page of tables.
Cent.
whom.
Payable
Delaware A New Eng. Collat.Trust(for$2.000,000>
Denver A Rio Urande 8tock ($45,500,000)
l,4ti7
Pref. stock, 5 perct,. noucuin. ($28,000,000)
1,467
l*t mort., gold, sinking fund
c*&r
o'*r 1.468
Consol. mortgage, gold (for $42,000,000)
Improvement mortgage ($5,000 per mile) g. .c-Ar 1.468
Denv. Tex. <f Ft. Worth 1st M. ($20,000 p.m.)gold.c* 165
Denver Texas <* Oulf 1st M. ($20,000 p. m.).. ..cAr 138
Dei Moines & Ft. Dodge 1st mort., coup., guar.
88
68
1st mortgage, inconi", guaranteed by C. R. I. A P.
56
R.
I,
P.
on
C.
A
extension, guaranteed by
Mortgage
218
Detroit Bay Cilu4Alp. 1st mort., gold
.0*
189
Detroit Brand Haven <* Hit lBt equip, m., guar. . o*
c*
169
Consol. mort., guar, by Grand Trunkof Can
Del. Hillsdale <t 8. IT. Stock, 4 % rental, L.S.A M.e
65
Detroit Lansing <* North. Stock, common
321
Preferred stock
321
Consol. mortgage (1st nun t. on 163 miles)
C 222
59
Ionia A Lansing, 1st M., extended In 1889
c*
43
Saginaw A West. lBt M., endorsed, gold
1st MGr.RLA D., 1st. $20,000 p.m.,endorscd.c*
55
524
Dubuque <t Sioux City Stock
43
1st mortgage, 2d division.
Gen. M. for $3,000,000 held by 111. CI. g
c*r 143
Iowa Fals A Sionx City, 1st M. Ia-F. to S.City.
184
Duluth <t Iron Range 1st mortgage
cAr 118
Dul. So. Shore
Atl. -Stock ($10,000,000 Is pref.).
1st mortgage, gold.
CAr 366
1st con. M. gold, $20,000 p. m
o*Ar
1889
1871
1886
lv88
1887
1887
1874
1874
1881
1883
1878
1878
.
.
1877
1869
1883
1887
C
.
1864
1888
.
1,001 >Ac
100
.
1887
1888
1,0
1,000
dends are paid out ot net earnings for two full years on the preferred
which the directors shall be chosen by all the stockholders.
See abstract of consolidated mort. In Chronicle, V. 47, p. 228.
In June, 1888. the Improvement mortgage for $5,000 per mile was
issued for laying third rail and other Improvements; trustee, U. S.
Trust Co. (See mortgage abstract In Chbokicle, V. 47, p. 229.)
In August, lr89, the Rio Grande Junction Railway was organized In
the Interest of this company and the Colorado Midland, to build 64
miles from Rifle Creek to Grand Junction, Col., and form a through
connection to Og<lenover the Rio Grande Western.
Dividends on pref stock have been: In 1887, 2*3 per cent; in 1888,
2*v per cent In cash and 1 M in scrip, subsequently redeemed in cash.
The range if stick prices since reorganization has been: Common In
1886. 1433r.% (assessm't paid); In 1887. 20^932^: In 1888, 15323;
in 1889 to Sept. 20, inclusive. 15il8is. Preferred in 1886, SS^aes'a;
in 1887, f.2''8 3>i:8 8;'n 88,43i43'55\;in'89,t.e8ept,20,inc ..42>452 :fl.
From Jan. 1 to July 31.1889 (7 mos.), gross earnings were $4,298,413,
stock, after
,
il
,
against $4,226,691 in 1888; net. $1,647,531, against $1,280,210.
Report for 1868 in Chronicle V. 48, pp. 555 and E60. Earnings and
income account for thee years were as follows :
Gross earnings
Net earnings
Other receipts
Total
1887.
1888.
1886.
$6,738,077
$1,552,035
15.671
$7,983,419 $7,668,654
$3,241,372 $2,563,972
41,997
$1,C67,706
$3,283,369
$2,563,972
$674,887 $1,405,775
1,182,500
23i",i'60
290,933
250,524
"2,810
16,609
$1,492,615
295,1 25
$908,857 $3,146,341
$658,849
$137,028
2, 415.247
Disburtements
Interest on bonds
Dividend on preferred stock...
Taxes and insurance
Betterments
Miscellaneous
1.084,'
IMS 500 Ac
1887
6
$1,000
(t)
100 I88,000,ooo
100 23,650,000
SOOac
6,382,500
BOOAa 27,029.000
500
3,000,000
1.000
4,500.000
1
3,000.000
,OO0Ac
1.000
1,200,000
1,000
1,200,000
1.000
672.000
1,000
2,500,000
1,000
2,000.000
200 Ac
3,200,000
100
1,350,000
100
1,825,600
100
2,510.000
500 Ac
2,672,000
1.000
770.000
1,000
566,000
1,000
1,108,000
100
8,000,000
500 Ac
586.000
345.550
240,906
40,551
$148,725
!:
I*
4
-
6
6
2
S
31*
7
5
8*
%
7*5
"i'
N.Y.,Offlce,216 B'dway.
A" J.
7
00
2,339,500
4.264,000
22,000,000
4,000,000
4,000,000
g
J.
J.
.
do
do
A D.
A O.
A O.
A J.
A D
N.Y., Park
N.
Y
do
do
Biding.
Mills BUlg
B.
Office,
N. Y., Chase Nat.
.1
Bank
from July 12 to Dec. 31 only in 1S86.
(V. 46, p. 228, 254, 448, 510, 572, 574, 677. 738, 819; V. 47, p. 228
381, 442, 801 V. 48, p. 398, 544, 555, 560, 763, 854; V. 49, p. 206.)
This account
is
;
Denver Texas A Fort Worth.
(See Map) Operates "Pan
Handle" route from Denver, Col., to Fort Woitb, Tex., t04 miles,
with branches 77 miles; opened for business in March, 1888.
Of this it owns from Trinidad, Col., to Texas State line, 125 m (and
branches 40 in. i, uses third rail over the Denver A Rio Grande from
Pueblo to Trinidad, 100 in and controls the Den. Tex. AGulf, Denver,
Col., to Pueblo, 126 m., and the Foit Worth A Denver City, Texas State
line to Foit Worth. Texas, 450 m. By an exchange of stock in 1888 control was obtained f all the $8,985,000 stock of the Fort W. A Den. City,
except about 5.000 shares, and the entire issue, $3,260,000, of Den.
Tex. A Gulf stock.
The company's outstanding stock ($30,000,000 authoiized) is $'.8.000.000 (par $1 00) and a large majority of it is deposited in trust with
the Mercantile Tr. Co. to be voted on as a committee of nine stockhold,
.
<
ers shall direct. The Trust Co.'s certificates, entitling the holder to
dividends, are lssu< d In its stead and listed on the Exchange. Of the
1st inortg. bonds $1,000,000 was for construction and equipment on the
D. A
G. third rail line Trinidad to Pueblo ; $200,000 for t< rminals In
Pueblo and Trinidad, and balance at $20,000 per mile on new road;
total. $4,500,000. Trustee of mort. Mercantile Trust Co. There are
also $248,000 equipment trust 5 per cent Im mis due in ten years. G. M.
Dodge, President, No. 1 Broadwav, N. Y.-(V. 46, p. 413, 573, 707;
V. 47, p. 256, 285, 802; V. 48, p. 37, 67,70; V. 49, p. 5 1.)
R
Nov. 12, 1888
Nov. 1, 1900
Jan. 1. 1936
Junel. 1928
Nov. 1, 1937
April 1. 1937
Jan. 1, 1905
June 1, 1905
June 1. 1905
Jan. 1, 1913
Nov. 14, 1918
Nov. 15, 1913
July 5. 1889
Feb. 15, 1887
Feb. 15, 1888
Jan. 1, 1907
July 1. 1899
July 1. 1913
Sent. 1, 1927
Dec. 31. 1888
July, 1894
June 1, 1938
Oct. 1, 1917
Oct. 1, 1937
Jan 1. 1937
June 1. 1938
New York City.
earnings wire $458,288; net, $160,432; surplus over charges, $10 432,
agalnst$73,6191u 1887. (V. 45, p. 85; V. 46, p. 74, 75, 199; V.48, 189,
Haven A
Detroit Grand
Milwaukee. Owns from DetroitMich., to Grand Haven, Mich.. 189 miles. This is a reorganization of
the Detroit A Milwaukee which was sold in foreclosure Sept., 1878.
The bonds are guaranteed by the Grand Trunk of Canada. 8tcc
$1,500,000; par $50. From Jan. 1 to May 31, 1389(5 months), gross
earnings were 79,716, against 36,146 In 1888; net. 13.126. against
14,357. Gross earniugs in 1888, $1,111,791; net. $271,815: def. under
In 1887, gross, $1,194,309
interest, $6 >,409.
net, $323,771 ; surplusover fixed charges, $74.
;
Detroit
IIlllMdale
A
Southwestern,-Owns from
YpsilanW,
Mich., to Bankers, Mich., 65 miles. The Det. H. A Ind. road was sold
in foreclosure Jan. 28, 1875. and this company organized by the bond}
holders. Leased in perpetuity from July 1, 1881, to the Lake Shore
Mich. Southern Co.; the rental is $54,000 per year -4 p. ct.
A
Detroit Lansing A Northern. Owns from Grand Trunk
June, Mich., to Howard City, Mich., 157 miles; branches Stanton June,
to Big Rapids, Mich., 63 miles; Belding Branch, l>a miles; total owned,
222 miles. Leases: Grand Trunk June, to Detroit, 3 miles Lansing
to No. Lansing, 1 mile: Saginaw A West. RR Alma to H-jward City,
43 miles; Gr. Rap. L. A Det RR. Grand Rapids to Grand Ledge, 53
miles, and Oakdale Park to Reed's Lake 2 m.; total operated, 323 miles.
The Detroit Lansing A Lake Mich, was foreclosed in 1876 and this comany formed. Dividends since 1876 have been: On common stock in
? 880, 6; in 1883, 6; In 1884, 6; in 1887,3; In 1883. nil. On preferred
stock in 1879, 9 1* per cent; from 1880 to 1834, Inc., 7 per cent; in 1885,
5i; in 1886, 8>s; In 1887, 7; in 188S, 3*3.
In 1888 gioss earning-) were $ 1,041 ,800; net, $321, l"^; charges. $310,546: balance, * 10,623, against $177,349 in 1887.
Report for 18 83 in
V. 47, p. 21 V. 48, p.
Chronicle, V. 48, p. 525. (V. 46, p. 171, 770
V.
189, 525, 827;
49, p, 173.)
to Iowa
Dubuque A Sioux City Owns from Dubuque, Iowa,
owa Falls to tioux City, 184 miles Manchester o
143
miles
Falls,
Cedar Rapids, 42 miles Onawa, la., to Sioux Falls. Dak 155 miles;
Also leases Cedar Falls A Minnesota, 76 miles
total 524 miles.
;
;
;
:
;
*
1891-1899
N.Y.
National Bk.
St..
A
A
do
do
A D.
do
A tf. N. Y.. Mercantile Tr.Co.
A O N Y. Co.'s Agency.
A J. N.Y.,Chic RI.APac.Co
do
do
A J.
do
do
A J
A J N. Y., Farm. LA Tr. Co
Bk.ComALo
A O. NYAg.Can
do
do
A O.
A J. N. Y., Farm. L. A Tr. Co
A A.
Boston.
A A. Boston. 26 Sears Bldg.
A J. Boston, 2d Nat. Bank.
do
do
A J.
do
A J.
do
do
do
A 8.
7g.
g
Wm.
.
Last
Dividend.
Office.
Philadelphia
Office, 47
N. N. Y.. 4th
do
J.
i>
Due
Stocks
I
,
;
In April, 1887, a controlling interest in the stock was sold to 111. Cent.
A suit to annul the Cedar Falls A Minn. RR. lease is pending.
In Oct.,1888, the stock was lnoreased from $5,000,000 to $^,000,000,
in order to absorb the Iowa Falis A Sioux City, Ced. Ra >- A chic and
Cher. A Dak. RRs. 8ee V. 47. p. 440. 111. Cent, owns $7,897,300 stock
and all the 5 per cts. (V. 45, p. 472, 768; V.46,p.38, 448; V. 47, p. 440;
V. 48, p. 489.)
A
Iron Range. Owns Duluth to Ely, Minn., 118 miles.
Duluth
Sold to a syndicate in 1887, and above mortgage was authorized at the
rate of $25,000 p;-r mile for construction and $7,000 for equipment,
the Metroprlitan Trust Co. of X. Y. being trustee. There are also $3,500.000 ofinoome ceitiflcates and the stock is $500,000. There is a land
grant from Minnesota of about r.06,000 acres. The Minnesota Iron Co.
owns the stock, the income certificates and $400,000 bonds. In 1888
earnings were $650,089; net, $2" 1.0" 5: surplus over charges and
frross
mproviments, $42,464. In 1887 gro>s earnings were $590,145; net,
$305,951. H. R. Bishop, 15 Broad Street, N. Y., President, (V. 45, p.
472; V. 46, p. 216. 255, 371; V. 48, p. 70.)
Duluth South Shore
A
Atlantic
{See If
>.
-Duluth
to Sault
Stc Marie, 409 m.les (of which 43 m'les fr. m Duluth to Iron River is
used in common with Northern Pacific, and 46 miles from Nestoria to
A OntonaMarquette is leased in perpetuity from Marquet'e Houghton
H. .* On.
gon Railway) Boo Junction to 8t. Ignace, 43 miles, mi 1AtM.Sault
Ste.
lines not includ- d in above, 114 mile-; total. 566 mile*.
the
Canadian
Pacific, and
connect! n is made bybiidge with
Denver Texaa A Gulf. {Se Map of Den Tex. Ft. W.) Denver to Marie
with the Grand Trunk when it reaches the Sault. This company purPueblo, 126 miles. Stuck ($3. 260,000) all exchanged for Den. Tex. A chased at judicial sale Oot. 20, 1886, the Detroit Mackinac A Marquette
Fort Worth stock and road operated as its northern division. Exten- Railroad and prop* rty. Owns substantially ail the pref. and common
sive terminal grounds in Denver and coal lands at Franceville are cov- stocks of the Marquette Houghton A Onton. RK 160 miles, which it
ered by the erst mortgage. Bonds are $20,000 per mile and $240.0(
8- e abstract of first mortgage. V. 45. p. 274.
leases In pernetultv.
for teimlnals, Ac; the first coupon payable In cash is that of Oct.,
stock was
In July, 1888, a controlling interest in the D. S. S. A
1889. the iot.r prior coupons having received stock. Trustee of mort- sold to Canadian Pajllio paitles. Prsf. stock Ib 6 per cent, non cum.
is
Tr.
Co.
V.
Mercantile
in
1888
to
(V.46, p. 413;
47, p. 256, 802.)
gage
provide
The consol. mort. <trui. eCeut. Tr. Co was Issued
for extensions, equipment etc $4.00>.<i00 being reserved for 1st mort.
Dea Hloliie* A Fort Dodge. Owns from Des Moines to Fort
The earnings for 1888 were $1,468,' 92 gross *ud $584,794 net on the
Dodge, la., 87 mllea.with an extension 56 miles to Ruthven, connecting whole system. Detlc t. after paying al cha'ges, $ 9,837. (V. 46, p.
with Chic. Mil. A St. Paul. Common stock, $4,283,100; pref. $763,500.
353, 537; V. 47, p. 50, 248, 708; V. 49, p. 21.)
Leased lrom Jan. 1, 1887, to the Cbioago Rock Island A Pacific, for 74, 320,
19 year* at a rental of 30 per cent of the gross earnings, with a guaranDunkirk
Allegheny Valley A Pittsburg. -Owns from Duntee of 4 per cent Interest on the 1st mortg. and extension bonds, and kirk N Y.. toTltUiVille, Pa.. 91 miles. A consolidation of the Dunkirk
c.
and
road
was
delivered June 2, '87. Warren A Pittsburg and Warren A Venaago in 1872. Leased for 400
2>t p.
per annum on the incomes,
arc kept
Dj It 87 and 1888 rental $104,t 80.
years from 1873 to N. Y. Cent. A Hud. River Co., but accounts
;
<
,
.
)
,
A
Detroit Bay City
Alpena. Owns from Alger, on Mich. Cent.
RR., to Alpena, 105 miles; Loon Lake Branch, 24 in.: Mud Lake
Branch, 20 miles; other branches 78 miles: total road -'27 miles. Has a
traffic contract from Michigan Central. Stock authorized is $2,000,000,
Issued $1,670,000; par, $100.
A dividend of 4 per cent was paid
Janrary 3, 1888.
From Jan. 1 to Aug. 31 18 months', In 1889 gross earns were $351 ,974,
against $323,287 in 1SS8; net, $166,034, against $121,350. In 1888 gross
separate. Rental is interest on bonds. Capital, $1,300,000; par $100.
Y. Cent. A Hud. Kiv. Co. holds $2,324,000 of the securities. In
year ending Sept. 30, 1888, gross earnings, $20*",234; net. $3,103.
East Broad Top (Pa.) Owns from Mount Union, Pa., to Robertadale Pa.. 30 miles, and leases branch to Stair Mine, 7 miles; total, 37
miles. A coal road, opened in 1874. The stock is $815,602; par $50.
In year cuding Nov. 30, 1887. gross earnings were $117,3,9; net,
$21,483. In 1887-88, gross, $121,261; net, $18,195.
TieN
September,
1889.]
EAILEOAD STOCKS A2TO BONDS.
A3
INVESTORS'
SUPPLEMENT.
[Vou XL1X.
September,
EATLKOAD STOCKS AM) BONDS.
1889.]
Subscriber!! will confer a great favor by giving
DESCRIPTION.
Miles Date
of
of
For explanation of column headings, Ac, see note
Road. Bonds
on first page of tables.
Dunkirk AUegK. Vol. & PilUourglat mort., gold.o
2d and 3d mortgages ($200,000 only ate 3d m)..c
r
East Broad Top. let mortgage
Stock, 6
East Pennsylvania
New
1st
%
gu. 999yrs.,Phil.A R.
c*
mortgage
tost Tennessee Virginia <t Georgia Common stock.
1st preferred stock (5 per ct. non cum.)
2d preferred stock (5 per ct. non cum.)
Oldlstm.s.f. (Bristol, Tenn. via Cbat.toDalton.Ga;
Cons.M.,"Divis'l"g.( Bristol.Tenn ,to Selnia,Ala)o*
CAr
Consol. mort., gold (for $20,000,000)
1st ext. M.. g. ($20,0 jO p. m.)for $15,000,000. cir
Impr. and equip, mort. for $6,000,000, gold... cAr
Ala. Central 1st mortgage, guaranteed, cp
o*
Knoxville A Ohio 1st mort., gold, guar
East <l West Ala. -1st cons.M., gd ($15,000 p. m.).o*
Eastern (Mass.) Stock
Preferred stock, 6 per cent, not cumulative
Essex RR.lst mort. (extend, for 5 years In '86).. c
Certs, of indent. 1st m. s.f .$K>0,000 y'ly, not drn.c
Debenture bonds (for $900,OuO), for refunding. ,c
Eastern (N.H.) St'k.4ip.c.ren'ltilll938..Mas9.
Eel River Stock, 2 (to 3 p. c), guar, by Wab. West.
Main Joliel <t Eastern- 1st M. for $6,000,000 g. .o"
Gardner Coal City A N.lst iV. for $ ,000,000 g.o*
Elisabeth. Lex. it Big Sandy 1st m.,g.,s. f., not dr..c
Elmira Cortland <* Northern 1st pref. M., gold.C
1st mort., gold, interest 5 per cent after 1889
Debentures
Elmira <t Lake Ontario Stock
c
Sodug Bay A Southern 1st mortgage, gold
1
no
90
30
M
36
242
552
1,083
50
1,083
95
66
112
119
Size or
Par
1,000
1,000
1,000
50
100
100
1870
1880
1886
1887
1888
1879
1885
1886
l'.obb
1,000
1,000
1,000
l,CO0
1,000
1,000
1,000
100
100
100 Ac.
500 Ac.
100
1884
1883
1,000
1,000
1,000
1,000
1,000
Too
1884
1,000
East Pennsylvania. Owns double track from Reading, Pa., to
Allentown, Pa., 36 miles. Leased for 999 years from May 1, 1869, to the
Phila. A Reading RR., at a rental of 6 per cent per annum on the stock
and interest on the bonds. Above bonds were issued to retire those
dne In 1888. Austin Corbin, Pres't, Philadelphia. (V. 46, p. 173.)
East Tennessee Virginia
Georgia Railway. (See Map.)
Owns: Bristol to Chattanooga, Tenn., 242 miles; Morrlstown to Unaka, 44
m.; Cleveland to selma, 264 in.; Selma to Lauderdale, 95 m.; Ooltewah
to Cohutta, 11 m.: Rome, Ga., to Macon, 159 m. (18 miles jointly with
Georgia Pacific) Macon to Brunswick, 190 m.; Cochran to Hawkinsvffle. 10 m.
total, 1,015 m.
operates Lauderdale to Meridian, 18 m
Waldens Ridge RR.. Emory Gap to Clinton, Tenn., and branches, 50 m.;
total owned and operated Jui.e 30. 1888, 1,083 m. Leases the Kuoxv.
A Ohio road, 66 miles, and controls the lines of the Mem. A Charl. RR.,
from Chattanooga to Memphis, Tenn., 310 m., and the Florence and
Somerviile branches, 20 m., the Mobile A Birmingham, 150, in all 546
making a total of 1,629 miles.
This company, the E. T. Va. & Ga. Railway Co., was formed in 1886 as
successor 01 the E. T. Va. A Ga. Railroad, which was sold In foreclosure
The first preftrr. d stock is entitled to a non-cumulative
May 25, 1886.
dividend of 5 per cent, and has "the right for five years (till 1891) to
elect a majority of the Board of Directors of said company, unless before that time the said company should pay out of its net earnings 5
per cent dividends on such preferred stock for two full successive years."
In January, 1887, a sale was made of $6,500,000 of the first pref.
stock to the Richmond A West Point Terminal Company thus gfviig
them control of the road for five years unless dividends of 5 per cent
are paid on pref. stock for two years, and in Oct., 1883, a lease for 99
years to the Rich. A Danv. was proposed, but enjoined by the courts.
The Knox. A Ohio was leaded for 99 yrs. from 1831 and its bonds guar.
The trustee under the consolidated mortgage of 1886 and the 1st extension mortgage of 18871s the Central Trust Company of New York.
$7,325,000 consolidated bonds were reserved to retire prior bonds of
the Alabama Central RR. and the E. Tenn. Va. A Ga. RR.
The mortgage of 1888 for $6,000,000. oovering all the company's
property (Central Tr. Co., trustee ), provided for new equipment, improvements, etc.
Dividends have been: On lstpref.stocklnl887,4 percent; in 1888,5.
Range of prices of new stock has been as follows: Common, In 1886,
llS18 7s;tn 1887, 9i 317; in 1888. Sail 1* In 1839 to Sept. 20, inclusive,
8V3>ilift; 1st pref., In 188S. 678835s; in 1887, 5282i; in 1888,55
83; in 1889 to Sept. 20, Inclusive, eaal^W. 2d pref.. iu 1886, 24a35%;
in 1887, 183132; in 1888. 17>427s; in 1889 to July 19, 20 825 >4.
From July 1, 1889, to July 31, 1889 (1 mo.), gross earnings (including Knoiville A Ohio) were $194,411, against $456,594 in 1887-8;
net, $188,430, against $152,443.
A preliminary statement (not in< 1. K. A O.) for 1883-9 shows gross
earnings $5,301 ,24; net, $1,926,958; surplus above fixed charges,
$567,139.
The fiscal year ends June 30. The annual report for 1887-88 was
The results do not lnolude
In the Chronicle, V. 47, p. 623.
he operations of the Knoxville A Ohio.
?ublished
A
;
;
m
;
;
,
EJCOME ACCOUNT.
1886-87.
$4,368,180
$1,354,489
Receipts
Total gross earnings
Net Income
Disburse ments
.
Interest on debt
Dividend on 1st
,
r
pref. stock
1887-88.
$5,109,918
$1,723,835
_
$833,343
440,000
therpajments
$1/86,993
(5%) 550,000
16,156
Tot. disbursements
$1,273,343
$1,653,149
Balance
sur. $81,146
$70,686
The Knoxville A Ohio grrss earnings In 1887-8 were $490,291 and
(V. 48, p. 128, 129, 393, 729; V. 49, p. 145. 173.)
East
Co. of Alabama. Owns Cartersvllle. Ga.
to Pell City, Ala., 117 miles. The above bonds were issued iu 1887 and
retired $800,000 of prior 1st mort. bonds and $500,000 of debentures
outstanding. Stock (authorized), $2,000,000 (par $100), Issued at
$10,000 per mile of completed road. Chas. P. Ball, Cartersville, Ga.,
Receiver, was authorized to Issue $650,000 to put the road In thorough
repair. Bee V. 48, p. 189. E. Kelly, Pres't, New York. (V. 47, p. 140;
V. 48, p. 189.)
net, $187,407.
A West RR.
Eastern (Mass. > Owns from Boston, Mass., to New Hampshire
State Line, 41 miles; branches Salem to Marblehead, 4 miles Bever
ley to Gloucester, 17 miles; Salisbury to Amesbury, 4 miles Peabody
to Wakefield, 8 miles; Salem to Lawrence, 20 miles; others, 2 miles;
total, 119 miles. The leases of the Eastern RR. of N. H., 16 miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51 miles,
Portsmouth A Dover, 11 miles; Portsm. Gt. Falls A Conway, 73 miles;
and Wolfeboro RR, 12 miles, have been transferred to B. A M. A. lease
to Boston A Maine whs negotiated on new terms from Oct. 1, 1883, on
the basis of combining the total earnings, paying all charges, and
1. To B. A M., $630,000 (9 per
dividing the surplus Income us follows
cent on Its stock)
2. To Eastern. $100,000 for sinking fund; 3. To B.
:
;
:
;
AM., $70,000;
To Eastern $336,000; balance
to be spent by lessee
on both properties pro-rata. A consolidation Is proposed. Mortgage notes
for $675,800 are outstanding, secured by real estate.
4.
.
Cent.
Payable, and by
Whom.
Payable
A D.
v- A. A O.
4
J. A J.
3
J. A J
4g. M. A 8.
J.
$2,000,000
1,200,000
500.000
1,714,950
495,000
27,500,000
11,000,000
18,500,000
3,123.000
3.106,000
12,770,000
1,000,000
3,000,000
1,000,000
2,000,000
1,725,000
4,997,600
3,149,600
194.400
9,700,000
492.500
2,792,800
3,417,000
750,000
3.282,000
750,000
1,250,000
418,689
1,500,000
500,000
When Where
Rate per
do
5g.
5
5
g.
e.
5g.
g
-
f
6
g.
4>s
3
"a"s.
413
6g.
4>a
2*4
1
5 g
g
-
6
4
g.
to 5 g.
6
5g.
J.
A Hud
do
June
1900
1900
1903
July, 1889
Mar. 1, 1958
Oct.
Philadelp'a, Co.'s Office
Phil., Phil. A Read.
RR
do
Prlncl-
pal.When Due.
Stocks Last
Dividend.
N.Y., N.Y. Cent.
Office,
A J.
A J.
AN.
A D.
A S.
A J.
A J.
A D.
7
Nil.
Too
1888
1889
1872
1884
Amount
Value. Outstanding
1888
"98
31
i
$1,000
1886
1851
1876
1887
16
94
98
32
110
120
120
Immediate notice of any error discovered In these Table*.
Bonds
INTEREST OR DIVIDENDS.
1870
1872
1873
1,083
1,083
1,083
5S
do
10 Wall Street.
N. T., Chase Nat. Bank.
1,
1,
1,
July
Dec. 10, 1888
1900
193
1956
1937
1938
1918
July 1, 1925
Last paid Dec, 1887.
Dec. 1. 1926
Boston, Of. Eastern RR. Deo. 15, 1887
do
do
Sept. 3, 1889
do
do
Sept. 15, 1891
BostShaw'ut Bk.ALon. Sept., 1906
Boston and London.
Sept. 1, 1909
Boston, by Treasurer. June 15, 1889
Oct. 1, 1889
Boston, by Treasurer.
Nov. 1, 1936
New York.
do
do
do
do
do
do
do
do
do
do
do
do
A S.
A S.
A S.
A D.
A O.
AN.
& J.
New York.
A S. N. Y., Mills Building.
A O. New York, 115 B'way.
A J.
do
do
A O.
do
do
Baltimore, N. Cent. RR
A J N. Y.Nat. Bank Com.
July
July
Nov.
1,
1,
1,
June 1,
Sept. 1,
July 1.
Jan.
1, 1937.
1, 1902
Mar.
April 1, 1914
April 1, 1914
April 2, 1918
July
1,
1924
Owns $1,8 11.500 Maine Central st >ck and $551,300stook Portsm oath.
Great Falls & Conway.
Dividends have been: On common -In 1887. 4 1*; in 1838, and sinoe,
In 1837 and 1888, 6; in 1889, 6. Assets In sink, fund
nil; on preferred
Sept. 30, 1888, were $722,336.
Fiscal year ends Sept. 30; the result of operation with Boston A
Maine in 1886-87 gave surplus Income to Eastern of $536,000. In
1837-88 after B. A M. had reoeived its share there was nothing left for
the Eastern common stock. (V. 49, p. 21.
Eastern (N. H.) Owns from Portsmouth, N. H., to Seabrook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, anil a new lease was made from
Oct. 1, 1878, for 60 years and two months at $22,500 per year, equal to
4>s p.ct.per annum. M. Currier, Pres., Manchester, N.H.
Eel River. Owns from Logansport., Ind., to Butler, Ind., 94
This was formerly the Detroit Eel River A Illinois Railroad,
sold under foreclosure July 6, 1877. Leased for 99 years from April 1,
1887, renewable forever, to Wabash Western on the basis of 2 per cent
yearly on the stock till April, 1892, then 2>a till 1895 and 3 p. 0. thereafterthis to be paid on $3,000,000 stock.
miles.
A
Eastern. Owns from Spaulding, IU., (2 miles
Elgin Juliet
east of Elgin) via Jollet, to McCool, 89 m., and branch to Norman town,
9 m.; and operates the Gardner Coal City A Northern RR. Walker to
Coster, 111. 32 m.; tota', 13) miles. Extensions projected. This Is a
belt line on a large scale, crossing, or Intendel to cro is, at a distanoe of
about 30 miles from Chicago, all the roads approaching that city, and
affording facilities for transfer of freight from one line to another without
breaking bulk. The Gar. Coal City A North'n reaches the coal fields of
Grundy Co. The first mort. (trustees Union Trust Co. an I J. W. Butler)
provides for $6,000,000 bonds at $30,000 pjr mile for single traok,
$10,000 per mile additional for seoond traok, and a further $j,000 per
mile for real estate, Ac. President, Samuel Spencer, New York.
Ellzabetntown Lexington
A
Big Sandy. Owns
Lexington
Ky., to Junction, near Denton, 102 m.; A. C. A t. Junction to Big Sandy
River, 7 m.; total owned 110 miles. Leases Junction with A. C. AI.Co.,
near Denton to A. C. A I. June, 21 miles West Side Big Sandy River to
Huntington, 9 miles; total operated, 139 miles. From Feb. 1, 1386,
this road was leased for 250 years to the Newport News A Miss.
Valley Co. on the basis of paying the annual net surplus, if any, to
this company. Stook, $3,569,169; par $100, There are also $439,520
certificates of Indebtedness. Sinking fund Is $25,000 yearly, but no
bonds drawn. From Jan. 1 to May 31 (5 mis.) gross earnings were
$334,056 in 1889, against $379,903 In 1888; net, $99,519, against $38-,
601. For year 1888 gross earnings were $1,008,689; net, $292,386; surplus over fixed charges, $26,501. In 1887 gross earnings were $1,115,073; net, $378,854; surplus over rentals and interest, $160,953. (V. 46,
p. 289, 412. 397; V. 48, p. 827.)
Elmira Cortland
Northern. Elmira. N. Y., to Camden, via
Canastota, N. Y., 141 miles, of whloh Elmira to Horseheads, 5 miles,
and Cortland to De Ruyter, 20 miles, are leased for 499 years, ana
Canastota RR., 21 miles, during corporate existence. Sold in foreclosure in 1878 and again in Feb., 1834, and reorganized as at present.
The 1st mort. for$l,250,000 bears 5 p. ot. after 1889. Stock is $2,000,000; par, $100. In year ending Sept. 30. 1883, gross e.iroings wero
$434,653; net, $91,803; detloit under fixed charges, $25,682. Austin
Corbin. President. N. Y. Cltv.
Elmira
Lake Ontario.- Owns from Canandalgua, N. Y., to
Watkins, N. Y., 47 miles; to Chemung June, 17*4 miles; Sodus Point to
34
Stanley.
miles; other 2 total, 100 miles. This company was a consolidation in December, 1836, of the Elmira Jefferson A Canandalgua,
the Sodas Bay A Southern and the Chemung Railroads, with stook and
bonds as above. It Is leased at cost of operating to the Northern Central, which owns $1,498,000 of the $1,500,000 stock and $226,000
Sodus Bay bonds. Lease may be terminated on thirty days' notice from
either party.
In 1888 the gross earnings were $562,797; detloit,
$19,237; deficit under fixed charges, $43,958.
Elmira
Wllliamsport. Owns rrom Willlamsport, Pa., to
Elmira, N. Y., 77 miles. This company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Railway for 999 years from May 1, 1863, at a rental of $154,500 per aunum
after Jan. 1, 1830. The dividends on the common stook are 5 per cent
and on the preferred 7 per cent. Gross earnings in 1887, $927,489;
net, $298,716; surplus to lessee, $124,849. Gross earnings In 1888,
$993,337; net $305,701; surplus to lessee, $126,774
A
A
A
Empire
pleted,
A
Dublin. -Hawkinsville, Ga
20 miles.
Dublin, 40 miles;
, to
Interest oa bonds guar. f,r5 years by Empire
com-
Lum-
ber Co.
Erie
Pittsburg. owns New Castle, Pa., to Glrard, Pa., 82 miles;
branch. Dock Junction toErleDooks, 3 miles trao*age(L. S. AMloh. So.);
Glrard to Erie, 17 miles; total operated, 101 miles. Road opened in 1865It was leased to the Pennsylvania RR. for 999 years from Maroh 1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
been qulto unprofitable to the lessees the deficiency paid by them In
1881 was $233,522; In 1882, $207,651: In 1883, $260,071: In 1884,
$307,841 In 1885, $354,633; In 1836, $225,794; In 1887, $237,306; in
1883, $211,063.
;
;
36
INYESTOKS'
SUPPLEMENT.
[VOL. XLIX.
September,
RAILROAD STOCKS AND BONDS.
1889.]
57
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MEMPHIS'*
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A
.
lg
MAP OF THE
P EVANSVILLE & TERRE HAUTE
R- R.
Evansville & Indianapolis R. R.
4N-Evansville & Richmond R. R.
Evansville Belt Railway.
Peoria, Decatur & Evansville Ry.
Louisville, Evansville and
j
St. Louis Consolidated.
58
SUPPLEMENT.
INVESTORS'
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In
DESCRIPTION.
HUM
Date
of
For explanation of column headings, 4c. see notes of
on first page of tables.
Road. Bonds
Btmira d Williamtporl 8t'k,oom.,5 p. c. ren'l, N. C.
Preferred stock, 7 p. o. rental, 999 yrs., No. Cent.
r
1st mortgage
Income bonds, 999years to run
<t
Oublin-lsl
mort.
($320,000)
gold
Bmpirt
Brie d Pitt*. Stock. 7 p. o. ren'l, 999 yrs., Penn. Co.
77
77
77
.
3d mort., convertible
Equipment bonds
.
o
c
Oonsol. mort. free of State tax (for $4,500,000). .c
Bvrrka Springs 1st M.gold
2d M. Income bonds, 4 per cent Int. paid In '89
KuropeandXo. Amtr. Stock, 5 p. 0. rental, M. C...
15
101
81
81
81
19
. .
Btanstillc
1st
Kvnus.&imi. g.c
-
Indianapolis
Terre Haute & Southeastern 1st mort
o*
Ev. 4 Iud. Cons. M. (for $2,500,000) gold, guar.o'
Bvansville d T. Joule Stock
1st consol. mort., gold
o*
1st M., Mt Vernon Branch, g. ($15,000 p. m.)..c
Evaus.4Rioh.lst M.WestDiv. for$l, 000,000 gu.c'
Bvansville Terre H. d Onic.lat M., g., Int. guar, c*
3d mortgage, gold
o*
Incomes
niehburg
<t
in.,
Common
stock
Pref 4 p. c. stock, non-cuip. (T. A B., see remarks)
of
Bonds to State
Mass. (3 p. ct. Int. till 1892)
Bonds, coups., $500.00 J are 6s, due Oct. 1, 1897.
Bonds,$500,000j'rly,'99to 1903 Incl.. rest 1908 c*
Bonds
Bonds ($1,500,00.) due 1907,
Bonds
il4
54
40
135
156
144
25
"U
55
$500,000
500.000
1,000
1865
1870
1868
ISMS
1883
1004c
1,000,000
570.000
160,000
1,998,400
91,800
680,000
2,485,000
500.000
500,000
2,500,000
1884
1,000
1,000
1,000
500
1,000
50.
1S7SI
1886
1,000
1,000
1,000
500
100
50
1881
iss:i
1888
1870
1872
1881
1,000
1,000
1,000
1,000
1,000
Too
100
80-'83
1887
84-'87
38s
Amount
Outstanding
1800
1863
18S9
13H7
'744 7
A.AO.)
Boston Barre & Gardner, 1st M., $91,300 are 7s.
2d * 3d M, ($57,000 3d M. 6s. conv Into stock).
Bost. Hoosac Tunnel 4 West, debentures
Par
Value.
INTEREST OR DIVIDENDS.
$50
50
369
o&r
Int.
Size, or
1889
1873
1875
1883
1,600
1,000
1,000
1,000
100
4c
1.000
697,000
260,000
1,003,000
3,000,000
3,000,000
375,000
Ni'.
775,000
325,000
150,000
7,000,000
13,525,100
5,000.000
1,000,000
4,500,000
2,250,0 JO
s
2, .00,000
750,000
391,000
243,600
1. 400.000
Rate per
Cent.
[Vol. XLIX.
Table*.
September,
1889.]
EAILROAD STOCKS AND BONDS.
5!)
INVESTORS' SUPPLEMENT.
[Vol. XL1X.
Subscriber* will cooler a great favor by giving Immediate notice ot any error discovered In these Table*.
Ronds
INTEREST OR DIVIDENDS.
DESCRIPTION.
Princi-
Miles Date Size, or
pal, When Due.
Amount Rate
of
of
Par
per When Where Payable, and by Slocks Last
For explanation of column heading!,, Ac, Bee notes
Outstanding
Cent
Whom.
Dividend.
Road.
Bonds
Value.
of
tables.
on
lint
Payable
lb- MU. coO
page
-41
riinl* Fere Marquette Com. stock ($3,500,000) ...
Pref. stock, non-cumulative (for $6,500,000)
Reorganization mortgage, gold ($5,000,000).. ..c
Confol niortg., g. (for $10,000,000) 820,000 p. in.
let M.on Port Huron Dlv., gold, for $3,500,000..
Equipment bonds, $40,000 paid annually
Holly Wayne A Monrce 1st H., sink, fund, end.c
riorida Central * Pen. 1st M..gold. $5,240 p.m.o*
Fonda Johnstmcn * Gloversvillelat M., s.f. not dn c*
Oons. M. for $500,000 ($300,000 res'd for 1 st M.).c
fori Madison * Northwestern let uiort., gold...,
fori Wayne * Jackson Common stock
Pref. stock, (8 p. ot.), 5"s p. ot. rental Lake shortrori Wayne Cincinnati* Louisville Stock
Fort Worth * Dent. City 1st M., g., $18,000 p. m.o*
Fort Worth * Rio Or. 1st M.. gold, S20,0C0h>. m.c'
Galveston Harrisb.* S.Antonio 1st m., gold,!, gr.o*
2d mortgage, Houston to Ban Ant. and branoh.c
West.Dlv.,lstM.,g.,8anAnUoElPaso,036m.Abr.
c*
2d mortgage
do
Galveston Houston * Bend, of 1882 1st m.,guar. .c
M.
*
North.
1st
Car.
(not
drn).
gtmr..c*
g.
Georgia
Georgia Co. Tr'stb'ds.s.f.dr.atl 10 aft. July,92,g.o*
Georgia Midland * Gulf 1st M. g,($15,000 p. m.T.c*
Georgia Pacific lBt mort., $10,000 p. m. Int. guar.
o*
Con. 2dm.lnt.guar. ($9.000 p.m.)
c&r
do
Income, non-cum. ($9,000 p. m.)
R.
A
redeemable
at
D.,
par.
Equip, mort., *uar.
Georgia Railroad * Banking Co. Stock
C
Bonds, not mortgage
Bonds. not mort. ($300,000 mature In 1922). c**r
r
Bonds, not mortgage
Georgia Southern * Fig. lstM..g.($12,0OOp.m.)c'
Fort
Owns
Wayne & Jackson.
former Fort
Wayne, Ind, 97
miles.
$loo
100
.".1)8
598
302
380
218
"65
573
10
26
45
97
97
128
450
44
256
226
671
671
50
268
"98
514
514
514
1880
1889
18891
1887
1871
1888
1870
1881
1880
100 Ac.
100 Ac.
MXMsO.
100
100
100
1881
1888
'71--80
1880
1881
1881
1833
1889
1887
1886
1882
1888
1898
1889
307
1871
77A80
150
l.ooo
1,000
1,000
1,000
1.000
1,000
1887
1887
1.000
1,000
1,000
1 ,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac
500 Ac
Too
1,000
1.000
1,000
1,000
from Jackson, Mich., to Fort
Ac
A A. East Sag., Mich., Treas
A O.
& N
N. Y. Agenoy.
A. A O.
New York Agenoy.
5
M. A N Boston, Inter"! Tr. Co.
J. A J. N.Y.. Mer. Ex. Nat. Bk
8
5g- J. A J N. Y., Am. Exch. Bk.
J. A J. N.Y.,8t. Nich.Nat.B'k
7
6
A. A O.
do
do
7g. A. & O. Last paid April, 18S3.
"2% M.A8. N Y.,Farmers'L.ATr.Co
J. *"d. N. Y Mercantile Tr. Co.
A J. N. Y., H. B. Hollins.
If: J.
F. A A. N.Y.,8o.Pac.Co.,23Br'd
do
do
%* J. A D.
M. & N.
do
do
do
J. A J.
do
5
A. A O. N. Y.,Mercantile Tr. Co.
N. Y. A Baltimore
J. A J.
J. A J. N. Y., Central Trust Co.
J. A J. N. Y., Central Trust Co.
S* J. A J. N. Y.,CentralTrust Co.
do
do
5g. A. A O.
do
A. A O.
do
F. A A.
do
do
:
2%
Q.-J. Am.Ex.i3k., N.Y..A Aug
I. A J.
do
do
7
do
do
6
J. A J.
do
5
J. A J.
do
6 g. J. A J. NY*. ,8ecnrity ATrust Co.
3
F.
A.
\ gS
M.
-
-
Aug. 15, 1889
Oct 1, 1920
May 1,1930
April 1, 1939
Nov.vsotow
Jan.
July
July
May
April
1,
1.
1,
1,
1,
1901
1918
1900
1921
1905
Sept. 2, 18S9
1921
1928
1910
1905
June
1931
May
1931
July
1913
April
1929
July
July 1, 1937
July 1, 1928
Jan. 1, 1922
Oct. 1, 1923
Oct. 1, 1923
Aug 1, 1904
Oct. 15, 1889
Jan. 1, 1890
97,1910, 1922
Jan. 1, 1922
July 1, 1927
Deo.
July
Feb.
1,
1,
1,
1,
1,
1,
l,
1,
bonds (ses V. 47, p. 744). Capital stock Is $9,555,000 (par $100). and
of it is held by the Richmond A West Point Terminal Co.
The 2d consol mortgage (trustee. Central Trust Co.) secures $5,400,000
2d mortgage bonds, and also, subject to these, $5,400,000 2d mortgage
non-cumulative incomes, both issued at $9,000 per mile. The equipment mortgage bonds of 1889 are payable by a sinking fund amounting
Wayne Jackson A Saginaw made $4,378,432
The
default on its bonds and was sold In foreclosure Dec. 3, 1879. On Sept.
1, 1882, leased perpetually to Lake 8hore A Mich. Southern at a rental ol
$126,027, equal to 5"s per oent on the pref . stock, and after 1887 any
net earnings over 8 per cent on pref. stock to be paid as dividend on
common stock, but not exceeding 2 per cent a year.
Fort Worth
$3,298,200
6,342,000
3,999,000
1,000,000
2,500.000
360,000
1,000,000
3,000,000
300,000
200,000
320,000
431,747
2,287,832
4,000,000
8,086,000
880,000
4,756,000
1,000,000
13,418,000
6,354,000
2,000,000
5.360,000
4,000,000
1,470,000
5,140,000
4,626,000
4,626,000
2,010,000
4,185,000
100,000
2.300,000
200.000
1,440,000
Denver
City.
(See
Map)
Owns from For
to 9"s per cent yearly. In year ending Sept. 30, 1888, gross earnings
were $1,324,926; net over expenses, $367,145; deficit under charges,
$5,705. (V. 45, p. 791: V. 46, p. 320, 511; V. 47, p. 563, 664,744, 800;
V. 48, p. 609, 730, 828; V. 49, p. 235.)
Worth, Tex., to Texas State line, 450 miles, completed In March, 1888
In 1888 stock of the consolidated company, Denver Texas A Fort
Georgia Railroad 6c Ranking Co. Augusta, Ga., to Atlanta*
Worth, was aoeepted In exchange for all but $500,000 of this oom$8,985,000 stock (see Denver Texas A Fort Worth). Bonds were Ga., 171 miles; branches to Washington and Athens, 60 miles; Warreni
bevond
for
144
miles
to
Harrold.
but
mile
the
at
$25,000
ton,
Ga., to Macon, Ga., 76 miles total owned and operated, 307 milessued
per
Eany's
See abstract The Western Railway of Alabama is controlled Jointly with the Centra'
$16,000 per mile.
that point to be Issued at
of
of
RR.
440
Trust
Mercantile
V.
Georgia, this company holding one-half the stock of $3,000,000.
of mortgage,
45, p.
(Trustee,
Company
New York.) The construction company paid interest on the bonds The Macon A Augusta RR., 76 miles, is owned by this company. The
for
Port
over
the
of
road
was
turned
to
operaRoyal A Augusta EK. is owned oue-flfch part by this company
till each piece
company
hence the earnings on road operated have exceeded the the Atlanta A West Point thirty-five one hundredths by this company.
tion
In
for
In
V.
1887-88
annual
36.)
48, p.
interest charge (see
April, 1881, a lease for 99 years was made to W. M. Wadley and
report
In 1887-88 the gross earnings were $1,016,113; net, $373,433; sur- associates, for the Central of Georgia and the Louisville A Nashville
at $600,000 per year, payable semi-annually. Dividends
25.
railroads,
over Interest, taxes, Ac, $79,493. (V. 45, p.
85, 142, 166,
Slus
72, 342, 437, 440, 575. C42, 768, 792, 819, 820, 823; V. 46, p. 75, since 1880 have bf en: In 1881, 9"a per cent; in 1882,1014: from 1883
Deficit to lessee comto
V.
1887, 10; In 1888, 10"; In 1889. 11.
48, p. 36.)
255, 344, 413; V. 47, p. 744, 802;
In 1884-85 on the lease was $98,599; in 1886-87, $110,959; in
Rio Grande. Projeoted from Fort Worth, Tex., panies
In 1887-88 net InFort Worth
deficit,
$21,066.
1887-8. profit, $14,374; 1898-9,
southwesterly to Kerrvllle, Kerr Co., Tex., 330 m., with branch 1 m. come from all sources, Including bank, was $671,459, leaving a surplus
Completed Fort Worth to Qranbury, 44 m. Mortgage trustee is Central of $75,500 above all charges, Including 10 per cent dividends. In
Trust Co., N. Y. (V. 48, p. 221, 854.)
1888-9, net, $639,711; surp'us over 11 per cent dividends, $22,712.
Galveston Harrisburg San Antonio. {See Map of Southern (V. 46, p. 245.)
Pacific.) Owns from Houston, Texas, to San Antonio, Texas, 217 miles
Georgia Southern 4c Florida.- In operation from Macon to
LaGrange Extension, 28 miles; Harrisburg to Pierce Junction, 8 niles Valdosta, Ga., 152 miles, and under construction to Palatka, Fla., 290
leased, Harwood to Gonzales, 12 milt*: total, 266 miles. Western Ex- miles in all. Trustee of mortgage Is the Mercantile Trust A Deposit Co.
tension, San Antonio to Bio Grande River, connecting with Southern of Baltimore. President, W. B. Sparks, Macon, Ga. (V. 47, p. 563; V.
Pacific, 636 miles; Eagle Pass Branch, 35 miles; total Western Exten- 48, p. 800, 828.)
sion, 671 miles. Grand total, 937 miles.
Grand Rapids 6c Indiana. (See Map of Pennsylvania RR.) Owns
The stock Is $27,093,000. The 1st mort. covers 256 miles of old road
and 1,500,000 acres of land. It has a sinking fund of 1 per cent, but from Fort Wayne Ind., to Mackinaw City, 367 miles; Manistee Branch,
22 miles; Missaukee Branch, 8 miles; Big Rapids A Western Branch, 9
it is optional with bondholders to surrender their bonds, If drawn.
There is also $182,034 Texas school debt outstanding.
miles; Osceola Branch, 7 miles; total owned, 401 miles; Harbor Springs
On Feb. 10, 1885, this property was leased for 99 years to the Southern Branch, 6 miles; leases and operates Cin. Richmond A Fort Wayne
Pacific Company for Interest on the debt and 16*4 percent of the net RR.. 86 miles Traverse City Railroad, 26 miles Muskegon Grand Rapids A Indiana RR., 37 miles 157 miles. Total, 567 miles.
profits on the whole Southern Pacific system.
The Grand Rapids A Indiana Railroad is operated in the interest
From Jan. 1 to Jnly 31, 1889 (7 mos.), gross earnings were $2,081,021,
against $2,120,893 in 1888; net, $306,49 1 against $471,831 in 1888. In of the Pennsylvania Railroad Co., and $3,934,000 of the first mortgage
bonds
were guaranteed by that company, which has bought the coupons
were
In
1887 gross earnings
$3,347,184; net, $682,947.
1888, gross,
when any remain unpaid by the earnings. First mortgage land grant
$3,804,674; net, $982,873. (Vol. 48, p. 800.)
bonds may be bought (not drawn) at 1 10 out of proceeds of land sales.
Henderson of 1882. Owns from Gal- There was In the smiting fund for Ihem Jan. 1, 1889, $1,926,492 cash
Galveston Houston
veston, Texas, to Houston, Texas, 50 miles. The road was sold In fore- and bills receivable. They are replaced by 5 per oent bonds issued.
and
closure Dec. 1, 1871,
again Aug. 1, 1882. Leased for 99 years, to The Muskegon Gr. Rap. A Ind. bonds have a trafflo guarantee applicable
the International A Great Northern RR. Co. and bonds guaranteed by to tkeir interest payment. Penn. RR. owns all the 2d mortgage bonds.
that company. Stock $1,000,000; par $100. In 1888 gross earn's were There is a real estate mortgage for $56,000.
$372,699; expenses, $344,145; net, $28,554; rental oftrack, $139,455;
The Co. has a land grant, and sold in 1888 16,967 acres, for $360,897.
total, $168,010; interest, Ac, $10H,063; surplus, $61,947. In 1887 The lands unsold on Jan. 1, 1889, were 375.606 acres. The assets were
gross, $408,525; deficit under operating expenses, $63,383; interest and $487,199 bills receivable and $1,439,292 cash.
taxes, $160,669; received from rental of track, $286,202.
The income accounts for three years showed In 1895 a deficit of $140,in 1886 a surplus of $14,187; in 1887 a surplus of $126,287; In
Georgia Carolina A Northern. (See Map.) In progress from 698
def. $79,816. (V. 46, p. 134, 254; V. 48, p. 686, 855.)
1888,
Monroe, N. C, to Atlanta, Ga., 268 miles, of which 44 miles are completed and the balance under construction. The line is part of the "SeaGreen
Ray Winona 6c St. Paul. Owns from Green Bay, Wis.,
board" system, and the bt nds are guaranteed (by Indorsement on each to Marshland, Wis., 209 miles; branches, 10 miles; leases Plover
bond) by the Seaboard A Roanoke and Raleigh A Gaston RR. companies. to Steven's Pt., 6 miles total, 225 miles. This was a reorganization in
They cannot be redeemed before maturity. The Mercantile Trust A 1881 of the Green Bay A Minnesota, which company made default and
Safe Deposit Co. of Baltimore is trustoe of the mortgage; see abstract the road was sold March 12. 1881. Preferred stock is $2,000,000, 7 per
On Feb.
of same In V. 49, p. 239. R. F. Hoke, Athens, Ga., President of the Co
cent, and common stock $8,000,000, both stocks $100 shares.
and in 1886 bond1, 1885, default was made on the 1st mortgage int.,
Georgia Company. This company -was formed in 1887 to control holders
and the company
overdue
three
fund
the
to
consented
coupons
and extend the system of the Georgia Central RR. A Banking Co., and resumed
plan
payment but defaulted August, 1889. A comprehensive
owns 40,000 shares ($4,000,000) of the stook of that company, this stock for
without foreclosure and for building the Southwestbeing deposited with the Central Trust Co. of N. Y. (trustee of mort- ern reorganization
For
V.
113.)
49,
p.
Extension was brought out in July, 1889, (see
gage) as security for the above bonds. After July 1, 1892, a sinking 1886-87
and interest,
gross earn'gs were $124,131; net, $113,055; taxes
fund of at least 1 per cent of outstanding bonds will purchase or draw
Samuel
Sloan.
net. $59,316.
bonds at 110. Stook is $12,000,000 (par $100), all owned by Rioh. A $111,223. In 1887-88, gross, $354,774;
V. 49, p. 113, 145, 341.)
W. P. Term. In November, 1888, the Richmond Terminal purchased President, N. Y. (V. 46, p. 254; V. 47, p. 563;
follows: Galcontrol and elected new Board of Directors. (V. 45, p. 792; V. 46, p. 4
Gulf Colorado 6c Santa Fe. (See Map) Mileage asSomerville
to
of adv'ts, 353 V. 47, p. 625.
veston to Purcell, 517 miles; Alvin to Houston. 26;
to Paris
Cleburne
Conroes, 74; Temple to Coleman and San Angelo, 233;
Georgia Midland 6c Gulf. Road built from Columbus, Ga., to and
42;
branch,
12;
total,
to
Woatherford,
Cleburne
154;
McDonough, 98 miles. Stock, $1,225,000; par $100. N. Y. office, 7 Nas- 1,058 Dallas,
miles. Road was sold and reorganized April 15 1879. In April,
sau St. (V. 46, p. 133.)
1886, the stock of this company <$'.o60,000) was exchanged for the
the two properties thus
Georgia Pacific (.See Map of Richmond * W. P. Term.) Atlanta, stock of the Atch. Top. A Santa Fe RR. Co., and
assume the bonded indebtGa., to Green villo, Miss., 458 miles; Woodlawn to Bessemer, Ala., consolidated. The Atohison Co. agreed to
19 miles; small branches, 18 miles; Deer Creek branoh (3 ft. gauge), edness" of this company. See V. 42, p. 630, and V. 48, p. 67; also
22 miles: total, 518 miles. Operated In the Richmond A West Point abstract of morts. In V. 45, p. 241.
From January 1 to July 31, 1889 (7 months), /ross earnings were
Terminal system. The Richmond A Danville gives a traffic guarantee
of 20 per cent on joint business to pay coupons if needed, but the cou- $1,849,406, against $1,478,816 in 1888; net in 1889, $43,007.
In 1887 gross earnings were $3,608,550; net, $1,0>5,168; surplus
pons may be held as a lien. In Nov., 1888, this road was leased to the
Richmond A Danville for 20 years, from Jan. 1, 1889 (with privilege of over fixed charges, $32,443. In 1888, gross earnings, $3,241,498;
renewal), the rental to be net earnings, and the R. A D. agreeing to net earnings, $166,907; interest paid, $1,333,776; rental, taxes'and
make up any deficiency in these to meet fixed charges, all such ad- miscellaneous, $161,821; def.. #1,328,791.1. (V. 45, p. 241, 342, 878;
**
_
vances, however, to be a preferred charge next ahead of the lnoome V. 46, p. 134 V. 48, p. 67, 222, 955.)
;
;
;
&
&
;
;
;
,
&
;
;
-,
'
;
,
.
September,
1889.]
RAILROAD STOCKS AND BONDS.
61
62
Z2
INVESTORS' SUPPLEMENT.
[Vou XLIX.
September,
1869.]
RAILKOAD STOCKS AND BONDS.
63
INVESTORS'
64
subscribers will confer m great favor
debcrittion.
bjr
MUea
0'
1st M., land grant, gold s. f. (guar, by Pa. RR)..o*
1st M., gold, ($505,000 arc land irr.s.f.,iiot dr'nl.c*
o"
2d mortgage, redeemable at 105 till 1804
Ar
General mortgage for $13,000,000
Mackinaw loan.
Muskegon G. Rap. A Ind. RR. 1st in. traf. guar.o'
Qreen Bay Winona d 81. Paul 1st moil, coup
Funded coupon bonds
559
335
886
307
367
"37
219
I
219
2d mort. Income bonds, non-cumulative
Col. d Santa Fe 1st M.. g. ($12,000 p.m.:....c 1,022
2d mort. ($8,000 p. m ), gold, assumed by Atcli..c 1,022
Oulf d Ship Island-Ut M.. gold, $12,000 p. ln.-.C
2d mort. for $2,800,000 ($3,000 p. m.>. gold....0*
Hannibal d St. Joseph Consol. M.(for $8,000,000).c* 292
C 13
1st mortgage Ouiney A Palmyra RR
c*
54
1st mortgage Kansas City A Cameron RR
d
ill.
Lane
7
58
Forlsm'th
Stock,
Barrutb.
Joy
%guar.
r
53
1st M. (cxt'dln '83), Int. guar. Penn.RR
t<
1st
mort.
38
d
Poto'e
Barrisb'a
r$l,800,000
104
Bartford d Connecticut Western 1st mortgage
164
flotaaftmic Stock
164
Preferred stock, 4 per cent non-cumulative
164
e*
New consol. mort. (for $3,000 000)
74
Consol. mort., not payable till 1910
r
in
74
1890
Consol. mort., 10-308, payable
192
Boiut. Jtast d West Tejtas. 1st M., gld ($7,000 p. m.)
c*
192
2d mort., land grant
192
Consol. mort. 1. gr.,gold, $18,000 p. m
58
Houston d Tenia Cent. 1st M., gold, Waco A N'west
Gulf
.
[Vol.
XL1X.
giving Immediate notice of any error discovered In these Tables.
of
For explanation of coliuun headings, Ac, see notes
Road.
on first page of tables.
Sromf Rapids d Indiana Stock
SUPPLEMENT.
Date
1
September,
EAILKOAD STOCKS AND BONDS.
18*9.J
65
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ILLINOIS
CENTRAL
R. R.
AND CONNECTIONS.
66
IN V ESTOPS'
Subscribers will confer a great favor by
DESCRIPTION.
trlvlnir
met Date
of
For explanation of column headings, Ac, see notes
Road.
on first page of tables.
Houston d Texas Central. -{Con.)
litt ni. land grant golil, Int. guar, by So. Pao
Oonsol. M., land grant, gold, Int. guar, by So. Pao.
Qen. M., gold, Int. gu tranteed by So, Pao
are 6s)
Debent., piin. and int. guar. ($
Bud. 8u*.
Bru/i/erf tf.A'.K'y.-lst M.$lO,00O.OOO.C'Ar
BunCgd'nitBr'ad Top 8t'k$l,985,800l87 p.c't pref.
1st and 2d morts.. g.; 1st M. $416,000, due 1890.
Sd mortgage consolidated
Illinois Central 8toox
Leased line 4 per cent stock,
guar
Mortgage sterling bonds of 1895
Sterling bonds of 1903, (s. f *20,000 d'n
Mortgage, sterling, bonds of 1905
Mortgage bonds, gold
Mortgage bonds, gold
.
I
1
y'rly) c*
c*
0*
Trustbond8steri'g,(8eciiredbyCli.8.L.AN.O.oon8.)
1st M. on Ch. A 8.
(Oilman to Springfield)
Middle Dlv., Otto to Normal June. Abrs..r
1st
Oollat. trust b'ds.gold (for $15,000,000) 84*... 0'
CMC St Louis A N.O., 2d M. (N. O.J.A Q. N.)....
M
RR
.
,
do
do
lstmort
2d mort
do
do
do
do cons.M.,gld. (for $18,000,000)
do Miss. A Tenn. 1st mort... 'cAr,
do
do Memphis Dlv. morr., gold.. .c*>
do
Indiana Illinois <t Iowa 1st M. bonds, extended.. r
r
2d mortgage
Indianap. Decatur d Western I.D.A 8p.lst M.g.s.f.
1st M.,for $1,942,000,
g.,
($1,800,000 reserved). o
2d M, (Income non-cum. till Jan., 1893)
Income bus., non-cum., drawn at 100
r
520
520
590
64
64
64
,953
706
706
706
706
706
iii
131
224
567
567
567
100
100
120
120
153
153
153
153
SUPPLEMENT.
Immediate notice
ot
[Vol. XLJX.
any error discovered In these Table*.
September, 1889.]
RAILROAD STOCKS AND BONDS.
7
68
INVESTORS' SUPPLEMENT.
[Vol. XLIX.
Kubecrlbera wlli;eonrer>]great!ravor by giving Immediate notice of any error discovered In these Tables.
Pr cl "
DKSCKUTION.
INTEREST OR DIVIDENDS.
','j7 J?
Miles Date
pal.When Due.
Amount Rate
For explanation of column headings, 4c, see notes
of
of
Par
When
Where
bv Stoe ks Last
and
per
Parable,
on find pago of tables.
Road. Bonds. Value. Outstanding
Cent.
whom.
Dividend.
Payable
!
.
i
Indianapolis d Vineennes 1st mortgage, guar
2d mortgage, guaranteed Peon. Co
e
c
117
117
M. gold, $15,000 p. m
o*
501
Jacksonville Southeastern 1st mortgage
c"
54
General mortgage
....o*
112
Chic. Peoria 4 St. L. KR, 1st M guar
o*
120
do
do
1st oousol
o
120
Litchfield Carroll. 4 W. RR.. 1st ($10,000 p.m.) o*
52
Louisville * 8t. Louis RR. Co
0*
17
Jacksonrille Tampa a Key West lst.gold.rtd.at 110 ISO's
Collat. Tt. loan on Flu. So. stock and bonds
....
Jefferson (Pa.) 1st* 2d Ms. exten. (Hawley Br.). c
"8
1st m. Carbondale toS.dei>ot,37iu.g. gd. pr.4int.o'
37
Jeff-riUeMad.d-Ind. lstM.(s.f.$15,0Oo,dr'natll0)o
159
2d mortgage
c
159
Joliet dSorlhern Indiana 1st H., guar. by M.C.c
44
Junction (Philadelphia). 1st mort. (extended).... 3-56
loira Oentral
lBt
,
,
.
2d mortgage
Kanatcha <t Ohio 1st ni'irt. ($10,000
Kansas Central 1st mortgage
Kan. City Ark.
d-
New
Orl.
3-56
p. m.)
o*
127
168
1st M., ($4,000,000) g.o*
Kansas City Belt 1st ($480,000 gu.K.C.F.8.4M).o'
Kansas City Clinton <t Spring. 1st M., g guar c"
Pleasant Hill 4 De Soto, 1st mort.. gold
c*
Kan. C.Ft. S.<tMem Stock ($2,?49,700is 8 p.o.pref.)
Preferred stock 8 per cent
Cpneol. mort ( $25,000 per mile) not drawn .. .c*
K. C. F. 8. 4 G. 1st M., Id. gr., s. f., dr'n at 110. o*
do
Morts. guar, (part dr. at 105). .c'
do
Kan 4 Mo. RR
c*
"53
174
45
752
752
671
160
202
26
1867 $5004 c.
1870
1,000
1883
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1880
1882
1888
1889
1886
18-17
1884
188S
18(17
1
881)
1866
1870
1877
1882
1866
1886
1881
18S8
1886
1886
1877
1888
1879
80 '8
1882
7
$1,700,000
6
1,402,000
5,900.000
6*300,000
6
1,115.000
1,500,000
300,000
516.000
247,000
1,566,000
I
2,900,000 3-4-4^
300,000 4it 4 6
6 g.
2,800,000
2*
8*
:
(I)
1,780.000
3,192,000
58,000
9,960,000
2,750,000
11,156,000
2,247.000
1,085,000
390,000
1(10 Ac.
1,000
1,000
1
.
;
745.)
&
7
300.000
1,000
steamers run to Havana. The road was opened March, 1886. The land
grant is about 1,500,000 acres. The bonds may be redeemed before maturity at 110. Stock is $2,600,000.
In October, 1888. an important
agreement was made for control of the Florida Southern on January
1889, and theifsueof a collateral trust loan for $2,905,000 on that
company's stork and bonds. This loan beaia 3 per cent interest till
4 J ,crcen t till 1894 and4>s per cent for the
remaining 5 years,
see ?'
Y. 47, p, 531. From Jan. 1 to May 31 (5 mos.) gross earnings were
$219,522, against $203,710 in 1888; net, $79,682, against $43,806
In the year ending Dec. 31,1888, the gross earnings were $450,502;
net, $133,137. N. Y. office. 10 Wall 8t--(V. 46, p. 320, 573; V. 47, p.
531 V. 49, p. 235.)
Jefferson. Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
87 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the N. Y. Lake Erie 4 Western for
$140,000 per annum for main line and $15,900 for branch. The mortgage of 1888 (trustee, Fid. Ins. Tr. 4 8. Dep. Co.. Phila.,) provided for
let M. 7s and for
double-tracking 37 miles. It is guaranteed principal
and interest by lessee.
The Hawley branch 2ds, $96,000, due iu 1889,
were extended at 6 per cent. Capital stock. $2,096,050; par $50.
Samuel Hlnes, President, Scranton, Pa. (V. 46, p. 708; V. 47, p.
7
1,995,000
800.000
426.000
1,160,000
1,348,000
500
100
100
I
2,53tl,0O0
7
41*
6
Og.
6
8*
5g.
7g-
uG
4
4 A. N. Y.,Farm. L. 4 T. Co Feb. 1, 1908
4 N.
Interoctanlc
May 1, 1900
4 D. N.Y.City.Merc. Tr'st Co June 1. 1P33
4 J. N. Y. Am.Ex.Bk.A Phlla July 1, 1910
4 J.
do
do
July 1. 1912
M 4 S.
Mar. 1, 1928
do
do
M. 4N. N. Y, Anier. Ex. Bank May 1. 1939
J. 4 J. N. Y., Han. Nat. Bank,
Jan. 1, 1916
A. 4 O.
do
do
Oct. 1, 1927
4 J. N. Y. Mercan. Trust Co. Jan. 1,1914
F. 4 A. Boat., Am. Loan4'lr.Co
Aug., 1898
J. 4 J. Phlla.. Fidelity -Tr. Co.
July, 1927
A. 4 O. N.Y..N.Y.L.E.4W.RR. Jan. 1, 1909
4 O. X. Y., Farm. L. 4 T. Co. Oct. 1, 1906
do
4 J.
do
July 1, 1910
4 J. N. Y., Farm. L. 4T. Co July 10, 1907
4 J. Phila.. 233 So. 4th St July 1. 1907
4 O.
do
do
April 1, 1900
4 J.
In default.
Jan.
1, 1936
4 O. Oct.. 1886, last paid April 1, 1911
4 J. N. Y., Farm. L. 4 T. Co. Jan. 1, 1919
4 J. Boston, 26 Sears' Bldg. Jnlv 1, 1916
4 O. Boston, Meroh'sNat. Bk, Oct. 1, 1925
Oct. 1, 1907
do
4 O.
do
4 A. Boston, 26 Sears' Bldg Aug. 15. 1889
4 A.
do
do
Aug. 15,1889
4N. Bost, Nat. Webster Bk. May 1, 1928
do
June 1, 1908
4D.
do
do
do
a 8.
Sept. 1, 1910
do
do
4 A.
Aug. 1, 1922
r.
M.
I.
.1.
.1.
:
4
Gulf Company having been organized April 1, 187rf, as successo
to the Missouri River Fort Scott
Gulf, foreclosed.
The consolidated bonds of 1888 (trustee New England Trust Co. of
Boston) will retire all the above bonds except thoie on the Current
River RR., 81 miles, which is not covered by the consolidated mortgage.
The guaranteed 7 per centbonds due Sept. 1, 1910, are on the following leased lines: Fort Scott Southeastern
Memphis. 103 miles, at
$15,000 per mile; Rich Hill Road. 23 miles, at $13,135 per mile; Short
Creek
Joplin Road, 22 miles, at $14,209 per mile; These bonds are
guaranteed, principal and interest, and have a sinking fund of 1 per
cent of whole issue annually-, with which bonds are bought at 110, or, if
not offered, are drawn at 105; also the bonds of Memphis Kansas
Colorado RR., 26 miles, at $15,000 per mile, without sinking fund.
The Current River
bonds are guar.; they were issued as per circular In V. 44, p. 246. The K. C.
M. Railway
Bridge bonds were offered to stockholders in June, 1889, at 95.
Dividends tince 18S0 have been: On common
in 1832, 2 per cent;
In 1883, 3; In 1884, hH. iu 1885, 2s; in 188tt. 4; in 1887. 4V, in 1883,
3>a; in 183J. 3; on preferred in 1881, 8>s; from 1882 to date,
at the rate of 8 per cent yearly.
The annual report for 1888 was in V. 43, p. 632, showing the following earnings for two years:
4
4
4
4
RR
Jeffersonvllle Madison
Indianapolis. (See Map of Pennsylvania icfl.)-Owns from Louisville, Ky., to Indianapolis, Ind., Ill
miles ; branches Madison, Ind., to Columbus, Ind., 45 miles; Colum-
Gross earnings
Operating expenses and taxes
Albany, Ind..
Extension, 21
Pennsylvania
bonds and 7
Net earnings
Charges in 1888
Interest charge (nol)
Sinking funds
Traffic guarantee with K. C. M.
bus, Ind., to Sholbyville, Ind., 24 miles; Jeffersonvllle, Ind., to New
6 miles; Shelby 4 Rush RR., 18 miles; leases Cambridge
miles total operated, 225 miles. The road was leased to
Company from 1873, with a guarantee of interest on
per cent on stock. Lease was modified from January 1,
1880, the lessees to pay over all the net earnings of the J. M. 4 I.
The stock is $2,000,000. and the Pennsylvania .Co. owns
roper.
1,981,600. Sinking fund, $15,000 yearly, draws 1st mort. bonds at
10. In 1887 gross earnings were $1,543,039; net, $384,035; rental,
8318,080; surplus over fixed charges, $51,004. In 1888 gross tstll;
lngs, $1,366,317; net, $239,179; deficit under interest, 4c, $101,413.
-(V. 47, p. 410.)
Joliet A- Northern Indiana. Owns from Joliet, 111., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
main line. Road opened in 1854 and leased to the Mich. Cent. Stock
($300,000) carries dividends of 8 per cent per annum
Junction (Philadelphia). Owns from Belmont, Pa., to Gray's
Ferry, Pa., about 4 miles. It connects the Penna., the Phlla. 4 Reading
and the Phila. Wilmington 4 Baltimore RRs.. coming into Philadelphia.
Stock $250,000; par $J0. Gross earnings in 1888. $269,925; net, $160,727. Large dividends are paid according to receipts each yeaf In 1884
40 p. c. In lfc85 20 p. c, in 1886 30 p. c, in 1887 and 18S8 45 p. c;
Said
1889 25 p. c.
Kanawha Si Ohio. -Corning, Ohio, to Charleston, W. Va., 129
miles. The Ohio Ceut. Riv. Div. defaulted on Interest Sept., '83, and
.
.
1
was
sold Oct. 22, '85, and this company organized. (See plan, V.
40, p. 3?6.) $111,(00 1st mort. bonds are reserved to retire the Ohio
Cent. Mineral Div. bonds. In Feb., 1889, Robert W. Kelly was appointed receiver. Foreclosure proceedings In progress. (See V. 48, p.
251.) Common stock authorized $2,200,oo0; 1st pref., $6,000,000;
2d pref., $4,000,000. Office, 2 Wall 8treet, N. Y. Grinnell Burt, Pres't.
(V. 45, p. 135 V. 46, p. 218; V. 48, p. 251, 688 ; V. 49, p. 206.)
Kansas Central. Owns from Miltonvale to Leavenworth, 166
mile. Sold under foreclosure of first mortgage April 14, 1879. Reorganized April. 1879; on April 1. 1887, default was made. Gross earnings in 1888, $135,863; def. under interest, &c, $150,050. Gross earnings In 1887, $178,650 ; def., $33,614 def. under interest, 4c, $114,494. 8tock. $1,347,000. Union Pacific holds $1,313,400 of the stock
and $1,347,000 bonds. (V. 45, p. 53.)
Kansas City Arkansaa Si
Orleans. Under contract to he
built from Beebe. Ark., to Monroe, La., with branoh to Pine Bluff, about
250 miles.- (V. 48. p. 462).
Kansas City Belt. -From Argentine to Washington Park, 10
miles. Mortgage Is for $2,500,000. Stock is $100,000; owned onehalf by Atchison Topeka 4 Santa Fe and one-quarter each by ITMIMMI
City K. Scott 4 Gulf and Cliie. Mil. 4 St. Paul. Double-tracked and
used for a terminal road at Kam-as City.
;
;
New
______
KaiisatiClty Clinton Si Springfield. -Owns from Cedar June,
Kan. to Ash drove. Mo., HMiLlTes, and branch to Pleasant Hill, Wo.,
10 miles; total. 174 miles, hut only 163 miles operated. Built In the
Interest of K. C. Ft. 8. 4G. RR which company guarantees the bonds.
In Jan.. 1885, the Plearant Hill 4 lie.Soto road, 45 miles, was purchased
from Atch. Top. 4 8. Fe RR.. the K. C. 0. 4 8. Co. asi-uur.ng the bonds.
Stock authorized. $2,500,000;
par, $100: issued. $1,775,400. of which a
majority is owned by the Kan. city Fort Bcott* Memphis RR. In 1887
gross earnings were $261,675; net, $9:t,456; def. under int., $68,738.
'n 1888 gross earnings, $274,135; not, $106,981.
P Kansas City Fort Scott * Memphis. -Owns main line from
Kansas City, Mo., to Memphis, enn ,487 miles, wilh branches, 184 m.;
total owned, 671 miles; leases Current River RR, Willow Springs,
Mo., to Cairo. 81 miles; total oper.,t"d, 7o2 miles. Company formed In
April, 1888. by consolidation or the Kansas City Fort Scott 4 Gulf and
Kansas City Sprlug. 4 Memphis railroads, the Kansas City Fort Scott
,
'I
Balance for dividends
Paid 8 p. c. on pref. and 2*3
4
4
4
p. c.
B.
1883.
1887.
$4,771,168
3,007,495
$4,344,433
2,922,996
$1,763,673
$1,421,492
$912,138
8,640
13,061
R.R
on common..
933,839
$187,652
467,430
$20,222
Balance, surplus
-(V. 47,
p.
140,352,708; V. 48,
Kansas City Memphis
Si
p. 189,
632, 801; V. 49,
p. 173.)
Birmingham. Ownsfrom Memphis
Birmingham, Ala., 251 m. and spurs 25 m.; completed in October.
1887. Bonds for $25,000 per mile are issued. The New England Trust
Co. Is trustee under the mort.; abstract V. 46, p. 575.
The Equipment
Co. bonds are guaranteed by the K. C. M. 4 B., and are redeemable on
60 days' notice at 110 and interest. Ttie K. C. Springfield 4 Memphis
owns naif the stock and gives a traffic guarantee of 10 per cent of gross
earnings derived from business to and from the new road, to be applied
for interest.
The bonds may be drawn or bought at 110. Stock
$5,956,000; par, $100. (V. 45, p. 472, 575; V. 46, p. 200 )
to
Kansas
City Si Paclnc.-Owns Coffeyville, Kan., to Paol*. 125
Stock authorized, $28,000,000; outstanding, $2,500,000. In
June, 1889, Mo. Kan. 4 Teiai took control. Vice-President, W. H.
Wolverton, New York City.
miles.
Si Northwestern.) See Map.) Owns
City
from Kansas City to Sumtnertield, Neb., State line, 141 miles. 12 or
Gr. Id.,
this (Seseo* to Axtell) being leased for 09 years from St. Jo
and branches to Fort Leavenworth, Kan., etc., 18 miles, and owns
Leavenworth Rapid Transit Railway, 4 m; total, 163 miles. Extension
of 34 miles from dummerfleld to Beatrice under contract, and bonds of
Kansas City
Beatrice Issued as above, principal and Interest guar. In
Kansas
Wyandotte
4
4
June, 1889, purchased the Lawrence Emporia 4 Northwestern Boad, 31
m.. Lawrence to Carbondale, and made 99 year contract with U. P. for
track ige, Tonganoxie to L-iwrenoe.
Mortgage of 1888 (trustee,
Farmers' Loan 4 Trust Co.) is Issued at $16,000 a mile, with $3,000 additional for equipment and $3,000 for second track, with further
for terminals. Whole issue limited by resolution of Board
Apr., 1889, to $3,750,000, covering road. 19 miles sidings, double track
St"Ck issued $2,675,000: par, $100; car trust debt,
y.
$296,363. Company holds $138,000 bonds of Leavenworth R. T.
Annual report for 1888 was in Chronicle, V. 48, p. 291. Jan. 1 to
July 1, 1838 (road partly under construction) gross earnings, $112,7/3;
July 1 to Dec. HI, 1883, gross were 8181,621; net. $72,6.->9. These
earnings do not include any receipts from trackage rentals. Jan. 1,
Newman
1889, lojuuc 1, 1889, net earnings lncl'g rentals, $73,683.
Kri\ Vice-President. Kansas City. Mo. (V. 46, p. 673. 319. 829; V. 47,
V.
49,
p. 22,
857;
V.
p. 21, 709;
48, p. 291, 292. 633, 662, 801, 855,
261.)
amounts
and equipment.
Kentucky Centra] Ballway. Owns
R
from Covington, Ky., to
miles leased), 148 miles: Paris to Lexington, 19
miles; Paris. Ky., to .Mavsville, Kv.,49 miles; total owned, 217 miles;
leases Richmond to Rowland, 34 miles; 11 nindstone to Livingston.
3 miles; total operated. 254 miles. This was formerly the Kentucky
Central Railroad, which was sold in foreclosure April 21, 1887. aud
the present company organized with stock of $7,000,000 ($6,351,600
issued); par $100. See abstract of mort. (Met. Trust Co. of New York,
Trustee), V. 45, p. 372. Thecomp mv leased of theLouisv. 4 Nashv. RR.
Its Richmond branch for 99 years from Jan. 1, 1883. for $24,000 per
annum, with a right to purchase at any time for $400,000. The Mays
ville Division is leased for $28,000 per year, but the stock is all owned
Roundstene
(less 3
September,
1889.]
KAILROAD STOCKS AND BONDS.
69
r
INVESTORS'
SUPPLEMENT.
[Vol..
o
XLIX.
September,
RAILEOAD STOCKS AND BONUS.
18S9.J
Subscribers will confer a great favor by giving Immediate notice of any error discovered In theso Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on first page of tables.
Kan. City
Ft. Scott
4 Memphis
(Cont'd).
8. A G, Ten-year coupon notes
Kan. City 8. &M. Plain b'ds (red'bleat 105), gu.c*
Current Riv. RR..lst mort. $20,00j p.m.gaar..
Kan. C. A Memph. R'y A Bridge 1st M. g
Sir. 1st M. (drawn at 110). .c*
Kan. 0. Memph.
Bir. equip guar, (redeem, at 110)
do
Kansas City A Pacific 1st mortgage
Kan. C. Wyand'e <t N. W JI.ifl9.000 p.m.,g.,$A c*
Kan. City & Beatrice, 1st M. g..guar.$400,0 JO. .c
Kentucky Central Covington A Lex. mort., extend.
Slay 6 ville A Lexington RR. mortgage
c*
New mortgage, gold ($7,000,000)
c'
Kentucky Union 1st mort. for $3,000,000
Keokuk Des Moines 1st M .lnt.guar. C. R.I.AP.0*
K. C. Ft.
<
<
it Western
Common stojk
1st M.,g.,ser."A." $550,000 p.m.c*
e*
2dniort. ($7,000,000), $350,000 p.
, gold (redeem, at 105)
Kingston < Pembroke 1st
Knoxville Cumberland Gap dl Louis. 1st M., g..o*
Lackawanna Southwestern Mort. (for$30 J,000)
LakeErie Alliance A South. IstM.for $1,250,000 c*
Inc. bonds, non-oum., g. (red. after '97 at 106). .c*
Lake Erie <t Western Com. stock, $20,000 per mile.
Preferred stock, 6 p. c. (not cum.) ($20,000 p. m.)
1st mortgage, gold ($10,000 per mllei
,c*
Keokuk
Kings
Co. Elee
M
m
.
<
Lake Shored Michigan Southern Stock
Guaranteed 10 per cent stock
Consoi. lstmort.
t.
3lnirund> $250,000 y'rly
Oonsol. 2d mort., do. (for $25,000,000)
Lake Shore dividend bonds
3d mort. (Clev. Painesville A Ash. RR.)
ear.
{
oAr
c
r
71
72
INVESTORS' SUPPLEMENT.
[Vol. XL1X.
September,
EAILEOAD STOCKS AND BONDS.
1889.]
Subscribers will confer a great favor by giving; Immediate notice of any error (Uncovered In these Table*.
DESCRIPTION.
MUes
For explanation of column headings, Ac, see notes
on
first
page of
Lake Shore A Mich. Southern.
tables.
(Oont.)
o
Buffalo & Erie, mortgage bonds
Det. Monroe ATol., 1st mort.,guar
c
c
Kalamazoo A White Pigeon, 1st mortgage
Kal. Allegan A Gr. Rapids, stock, 6 p. c. guar..
1st mortgage, renewed in 1888
Jamestown A Franklin. 1st mortgage...
Jamestown A Franklin, 2d mortgage
Mahoning Coal stock
e
o
c
Preferred stock, guar. 5 per cent
o
lstm., Youngs, to And. A branehes, guar
Lehigh* Hudson River 1st m.,g..lnt. red'oed to 5
2d mortgage consol. (fnr $500,000)
Warwick Valley.let A 2d ms.($210,000 2ds, 1911)
Lehigh rf Lack. 1st mortgage
Lehigh Valley Stock ($106,300 ispref.)
1st mortgage, coupon and registered
%
2d mortgage
Consol.
in.,
sterling, g.,
r
d'rn at par.cfcr
a.f.
2%y'rly,
do
clr
coupon and -egistered
do
annuity...
Easton A Amboy. 1st m., guar. Easton to P. Amboy
Delano Land Company bonds, endorsed
LUUe Miami- -Stk, com., gu. 8 %, 99 yrs, Pitt.C. ASt.L.
A2dMs. (jtly.withCin.A Ind.RB.).c
Renewal mortgage
..0
Street con.lst
Little Rock <* Memphis First
Little Schuylkill Stock
tock
Long faland
1st M. Jamaica
1st M., main
2d mortgage
e
mortgage, gold
and Hunters' Point
extension.. o
..o'
_..'
consol. M. g. ($l,5t>3,000 reserv'd for prior bd*. )c
73
*4
INVESTORS' SUPPLEMENT.
{Vol. xlix.
September,
RAILROAD STOCKS AND BONDS.
1889.J
ra
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
Date
Size, or
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value,
on nrst page of tables.
Long Inland
(Oontinn-ed)
o"
General mortgage for $3,000,000. gold
New York A Rookaway, guar. int. only
STutthtowu * Fort Jefferson mortg., guar
Newtown A Flushinir. guar, principal and int ...
B'klyn A Mont'k 1st M., 2 spr..guar. by L. I. RR. 'o
Second mortgage (for $600,000), gold
0*
c*
Long Island Oily dt Flushing 1st mortgage
\>osol. mort., gold, endorsed by Long Isl. RR.o*
Louisiana Western 1st mortgage, gold
Lnnl<i>. Evansv. <f St. L. Consol.
lit M. E. R. A E...
180
$1,000
9
19
4
78
78
500
500
500
1888
1871
1871
1871
1881
1888
10% 1881
19 1887
112 1881
71 1881
182 '.886
24 1887
19 1875
L.E.A8t.L. lsiM.,g.,for$2,000.000(2don72 M.)o*
Hunt. Tell City A C. RR.. 1st M., gold, guar
o*
Illinois * St. Liuis 1st mortgage
e"
Venice A Carondelet mort., guar
c"
38*6
Consol. mort.. gold ($8,000,000)
0*
Louisville < Nashville Stock
2,119
Lebanon br. June., to Livingston, Louisv. loan..c' l'O
171
Ixhanon-Knoxv..M. 1st on 62 m. ($1,500,0001 .c'
*t>
Cecilian Br.,lstiu,CecU.t'>LouiB.,8.f..dr'nat 100. c"
39C
Consol. 1st M. (prior liens are only $333.000)
o"
.c"
130
&
1st
m.,
Paris
to
Mem., gnar.
Memphis Ohio,
Meni. Clarks.AL.. 1st m., Guthrie to Paris, Tenn.c
83
135
1st M. E. H. A N.,Henderson to Nash-.dr'n at 110.C
Geueral M.. gold, drawn at 110 ($20,oo i.OOOL.c'
802
Collat. Trust, 3d M.. g., (dr'n at 110) convert. .c- 1,079
10-40 Adjustment M., g., (red'ble aft. '94)
c785
lst M. onN. O. A Mobile D'v.,N.O. to Mobile... c*
141
2d M., N. O. A Mot). Div., New Orl. to MobUe..e*
141
Bonds seo'd by pledge of 2d M.S. A N.Ala.RR. .o* 189
1st M.. Sontheast.A 8t.L.Div.,g.c' \ E.8t.L.toEv's208
2d M.,Southea8t.ASt.L.Div.,g.o" > ville A br...
208
.
. .
.
.
.
1880-2
1889
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
100
1863
1881
877
1808
18:
1,000
1,000
1,000
1,000
1.
JB200
i8/2
1879
1880
1882
1884
1880
1880
1880
1881
1881
1,000
1,000
1,000
1,000
1.000
1.000
1.000
1,000
1,000
S200
Amount
Outstanding
$1,500,000
250,000
600.000
150.000
1.000,000
550,000
600,000
650,000
2,340,000
900.000
2,000,000
300,000
200,000
300,000
1,125,000
33.112.800
333.000
Pledged.
850,000
7,070,000
3,500,000
2.015,560
2,320,000
11.900,000
9,576,000
5,000,000
5,000,000
1,000,000
1.960,000
3,500,000
3,000,000
INTEREST OR DIVIDENDS.
When
Rate per
Cent.
4 g.
7
7
7
5
A6
5g.
6
5g.
5*
*
S*
6
6g.
3 stock
6
6
7
7
7
6g.
eg.
6g.
2*
6 g.
6g.
6
6
"
3 g.
INVESTORS' SUPPLEMENT.
76
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Stark
;
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September,
RAILKOAD STOCKS AND BONDS.
1889.]
77
$/
on.,
y
s *ev\
pit,a3s '
t^
w5l?
o^
\o>
2S
\
"*>
fioomtngton \^
Chalmers uJT
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*
Vabasa.
INVESTORS' SUPPLEMENT.
78
|
Vol. XL1X.
Subscriber* will confer a great ravor by clrlnc Immediate notice of any error discovered In tbeae Tables.
DK8CRIITION.
Miles
Cur explanation of -olnmu headings, Ac, see notes of
Komi
on first p. ige of tables.
<
2faMhr.-(0ontiHued) PensooolaDlv., lstuiort., trolrt (drown at I05)..oMobile A Moutg. Div., 1st M ($2,677,000)
0'
Pensaoola A Selma Dlv lstM.,g., ($1 ,248.0001c'
Pensa. A AM., M.,g., guar., $1,000,000 pledged. o*
Louitv.
*
L.CALex ..lstM.,s.f.<notdr'n), Louis, to Newport o*
c*
2d M..s. f., not drawn
on I.e. A L., gold,$3,208,000 pldgd.C
1st inort., gold, on branohes, $15,000 per inlle..e*
1st mortgage, eollat. trust ($7,000,000). gold .0*
HenUerson Bridge Oo., 1st M., g., a f., dr'n at 105.
tOuutvUle New Altxinn d Chicago Stook
1st M., Lou. Dtv
New Albany to Mleh. City ..o*
1st M.,gold,ChicAInd'polisDiv., Chic to tnd.o*
Consolidated mortgage gold (for $10,000,000). c*
touin. N. 0. a Tex 1st ft., g., for $16,900,000. .c
2d mort. Income lionds, cum. (payable at 105). o*
Income bonds (not cumulative)
LmiitrUle St.Lou.it <*Te*a-l8t M.,g.,$2,800,000.0'
2d mortgage
e'
Lnuurille South. -1st mort., gold, guar
o"
Lexington Extension 1st mort bond *, gold
Lvkens fat. 8t'k,10p.ct.rental,999yrs.Nor.Cent,
do
L.
A N.
in.
.
.
45
179
104
185
175
175
175
103
621
288
158
520
513
513
513
121
"83
SXoali
1st M.,eonsol. Classes A. B, C
D($269,000. 5s).c*
o
Collateral trust bonds for Ht. Desert Branch
A
Sinking fund 10-20 gold bonds
Bonds Androscoggin A Kennebec
Extension bonds, 1870, gold
for $1,100,000
c
KK
c
Loan
.
Improvement. "A" A *'B"...
European ANorth American (Bangor loan)
Leeds A Farm. HR Mort
1880
1881
1881
1881
1867
1877
1881
1887
1888
1,000
1,000
1,000
100 Ac.
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1881
1886
1886
1886
1884
1887
1887
1887
500"
1889
500
1872
1883
1S85
Ac
Ac
20
100
100 Ac
l'.OOO
"55 1860-1 100 Ac.
18
1870 500 Ac.
109 1868 100 Ac.
..
56
36
o
e
1869
1871
500Ac.
lOOAo.
:
;
;
A
A
Total grossearns
Oper'g ex. (excl.tax.)
$13,177,018 $15,080,585 $16,360,241 $16,599,396
9,047.053 10,267,535 10,326.085
8,213.295
$4,963,723
Netearnfngs
Per ct. of ex. to earn.
62-33
$6,033,532
59-99
$6,02,7O6 $6,273,311
A 8.
A N.
P.' A A.
7
J. A J.
A. A O.
7
6 g. M. A N.
M. A N.
11
5
g. M. A N.
6g- M.A 8.
6g. M.
585.000
$1,000
1,000
In 1871, 7 pei
All the dividends paid since 1870 were as follows
cent: la 1872, 7 per cent; in 1873, 7 per cent; in 1877, 1> per oent
lml878, 3 percent; In 1879,4: in 1880, 8, and 100 percent in stock;
1* 1881, 6; in 1882, 3; in 1888, & per oent in stock; In 1889 5 in
stock.
Prioes of the stock from 1872 to date have been: In 187?,
50379; in 1874, 53359; in 1875, 36*3340; in 1876. none; In 1877,
26a>41; in 1878, 35339; in 1879, 3589>a; in 1880, 773174 In 188),
79110>;inl882,46i93l00!Si;lnl883,408358 1a; in 1884. 221* 51St
in 1885, 22 951%: in 1886. 335b369; in 1887. 54>ga70>; in 1888,
505s64>4; in 1888 to Sept. 20, inclusive, 56"4-377i.
The general mortgage of 1880 on 802 miles (Central Trust Co., trustee)
is for $20,000,000, or which the balance unissued is reserved to pay
oft all prior liens on 392 miles, the other 410 miles being subject to
about $8,750,000 bonds which are not so provided for. The bonds are
subject to a drawing sinking fund of l'io Per ceut of all bonds issued,
plus the interest that would have aocrued on all the bonds so drawn
about $162,000 in 1887-8. For last drawing see Chronicle. V. 48, p.
326.
The Louisville A Nashville Lebanon- Knoxville bonds of 1881
(pledged nnder collateral trust 3d mort. of 1882) cover 110 in.,
subject to prior Hens, and 62 miles from Livingston to State line as a
first lien. The Pen. A Atlantic bonds are guaranteed by L. A N.
N. $1,000,000 land grant bonds
The P. A A. has issued to the L.
A.
pledged for advances to the P.
The collateral trust 6s of 1882 are secured by atrustdeed on the road
made to E. H. Green ano John A. Stewart as trustees, and has a sinking
fun d of 1 per sent annually, the bonds being purchased or drawn ana
paid off at 1 10. These bonds are also redeemable on 90 days' notice at
110, and are to be so redeemed by the new issue of stook proposed in
1X89. rSee Chronicle, Sept. 28, 1889.) They are secured by pledge of
a large amount of stooks and bonds (see V. 45. p. 475), the par value of
bonds being $9,633,000 and stocks $18,529,700; total, $28,162,700.
The bonds so pledged are mentioned in the table above.
The 10-40 adjustment mort. of 1884 (trustee, Central Trust Co.)
covers 783 miles of main line and branches, subject to the prior liens,
and is a second lien on the trust securities pledged under the trust
deed of 1882. See V. 39, p. 409.
The mortgage bonds of 1887 on branches are issued at $15,000 per
mile. TJ. 8. Trust Co. Is trustee of the mortgage, and the lien covers the
Cumberland Val. Br., the Ind. Ala. A Tex. RE. and others. (V. 44, p.751.)
Tlic 1st mortgage trust bonds of 1888 (trustee. Farmers' Loan A
Trust Co.), are secured by bonds on the Birmingham Mineral RR. at
$25,000 per mile, and on the Owensboro A Nashville RR. at $2o,000 per
mile. (V.46, p. 511.)
The Evansville Henderson A Nashville bonds are drawn at 110 by
lot annually, in September; $30,000 per year till 1895, then inoreasinir each live years, until $150,000 per year is finally reached.
The Pensacola Division bonds are subject to a drawing sinking fund
of $5,roo till 1900, inch, then $10,000, and so increasing.
The Henderson Bridge Co. lionds are not a liability of the L. N. The
bridge is owned by a separate company, with a stock of $1,000,000
(par $100), ol which the L. A N. Co. holds $501,000; the Bridge Co.
Is guaranteed gross receipts of $200,000 per year by the several roads
UBing it, and dividend of 2 '_> per ceut is paid each Feb. and Aug.
Operations, Finances, Ac. The Louisville A Nashville system has
been developed in its present extensive form since 1879; the 100 per
oent stock dividend was declared in 1880 and a few dividends afterwards in cash, but from '82 to '88 nothing was paid. Under a plan
adopted in 1888 (V. 46. p. 45, 255) 2 p. c In stock was paid in Feb.,
1888, to represent surplus earns., and this policy was voted to be pursued
till July, 1890, but not to exceed an Issue of $5,000,000 (took in all.
From Julv 1 to Julv 31 (1 month), gross earnings were $1,448,495 la
1889, against $1,334,432 In 1888; net, $359,346, against $479,599.
Pineal year ends June 30. Fur 1888-89 statistics are as follows for
the Louisville A Nashville proper.
1885-86.
1886-87.
1888-89.
1887-88.
A
Amount
Par
100
1880
"21
626
304
41
6
Pledged.
Pledged.
2,000,000
2,850,000
892.000
50,000
1,539,000
4.439,000
1,1)1 0,000
5,000.000
3,000,000
2,300.000
4,700,000
11,140,000
8,117,000
10,000,000
2,440,000
250,000
2,500,000
1,500,000
600,000
3,603,500
4,176,400
687,000
600,000
1,100.000
490,500
756.800
450.000
1,000.000
633.000
Wet earnings
$4,963,723
Income from invest's
207,807
1986-87.
$6,033,532
479,858
1887-88.
$6,092,706
528,828
1888-89.
$6,273,311
677,109
Total income
$6,513,390
$6,621,534
$6,950,420
1885-86.
$5,171,530
Dutmr$ementt
Coxes
ientals.i
Interest on debt,
Georgia RR.
Ac
.
deficit..
Pens. A Atl. RR. der
Miscellaneous
Stock dlv'nd (5 p. c.)
$370,814
15.000
$365,317
15,000
4,202,801
44,815
4,237,102
55,470
10,297
8,440
Total disbursements. $4,643,727
Balance, surplus'....
$527,803
$375,557
15.000
4,379,803
3,453
238,943
1,518,000
$4,681,338
$1,832,052
$6,530,765
$90,769
$401,112
15,000
4,590,493
23,376
199,425
50 Exchange PI
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y.,
M.
Prlnui
.
put, When Due,
Stock* ljuit
Dividend.
Mar.
Nov.
Mar.
Aug.
.l.ui
Oot,
Nov.
May
Nov.
Sept.
1920
1,
1, 1931
1. 1931
1, 1921
1, 1X117
1, 1907
1, 1931
1, i!>:!7
1, 1931
1, 1931
"i" J. N.Y.,Nat.Bk.Oominerce July 1, 1910
do
do
A A.
Aug. 1, 1911
do
do
A O.
Apr. 1, 191*
M.A 8. N. Y., B. T. Wilson A Co Sept. 1, 1936
J.
"e
eg. F.
6g. A.
4
g.
5
6
M.
Cg.
F.
M.
A 8.
A 8.
A A.
6g. M.'a
eg. J. A
3
5
8.
J.
A A.
A O.
J. A D.
F. A A.
M'nthly
A. A O.
J. A J.
J. A J.
J. A J.
J. A J.
F.
A.
A7
5
eg.
6
6g.
7
4>
6
6
do
do
do
N.Y.
6
Co's.ollloe,
do
Sept.
Sept.
42 Wall
Feii.
1, 1931
1, 11)3 t
1, 1917
March, 1917
1, 1917
1. 1919
N.Y.BankoI Oommeroe Mar.
N. Y., Co.'s Agency.
N.Y., olllee, 13 William.
Jan.
Oct.
iss:
1.
Portland. Me., office.
Feb. 15, 1889
Bost..2dNat.Bk..APoit. April 1, 1912
do
dp
do
do
do
do
do
do
do
do
Boat., 2d Niit.Bk.A Port.
Merch'U'Nat.Bk.
Bost.,
Bost. 2d Nat. Bk. A Port.
1923
.Tune 1,
Feb. 1, 1905
Aug'90-3ep'91
Oct. 1, 190C
Julv 1. 1898
July '16 A '17
Jan. 1, 18941
Julv 1. 1896
*
In 1884-85 $12,012 lnoluded in expenditures was to be refunded,
increasing the surplus by that amount; in 1885-86, $164,692 win to be
refunded; in 188'5-87, $100,591 was to be deducted trom the surplus,
and in 1887-88 $218,869 to be refunded. In 1888-89 $424,961 to be re-
funded. Increasing the surplus by that amount.
-.V. 46, p. 45, 75, 255, 353, 481, 511. 678, 739, 771, 802: V. 47, n.
109. 161, 201, 409. 410, 411, 426, 472; V. 48, p. 68, 129, 326.329,556,
589; V. 49, p. 52, 82,378.)
Louisville
New Albany,
New Albany A
Chicago
(See
Map)
Operates froni
Ind. (opposite Louisville, Ky.), to Michigan City ,Ind., 289
to Hammond, Ind., 160 miles; Bedlord. Ind.,
to Switz (Sty, 43 miles; Orleans. Ind.. to French Lick 8pr., 18
miles; total owned, 510 miles; leases Hammond to Chicago ,30 miles ;
Howla nd's Junction to Indianapolis, 4 miles; New Albany tc -ouisville,
5 in.; Louisville 80., Louisville to Burgln, 82 m; total leased. 111 111.;
total operated, 621 m, A lease for 999 years with Chic. A West. Ind.
at $127,000 per year gives entrance to Chieago.
The Louisville New Albany A Chicago was opened in 1852 and sold
In foreclosure Dec. 27, 1872, and reorganized. In Aug., 1881, consult
dated with Chicago A Ind. Air Line, and stook Increased to $5,000,000,
giving 15 per cent increase to stockholders.
In Dec, 1888, leased the Louisville Southern till March, 1919, and
guaranteed interest on its bonds by rental (not by endorsement on the
bonds); surplus net earnings to be shared by the two companies. Lease
may be terminated by New Albany Co. on one year's notice.
Of the coiinol. bonus of 1886, $5,300,000 was reserved for prior first
mortgages. The Chieago A Indianapolis Div. bonds are not engraved
bonds, and therefore not listed on the N. Y. Stook Exchange.
From Jan. 1 to June 30 (6 months), gross earnings wi re $1,110,637,.
against $1,018,012 in 1888; net, $350,145, against $303,696.
Fisoal year ends Dec. 31. The annual report for 1885 was in V. 48.
o. 367, 728.
Earnings, expenses and charges have been as follows:
miles;
Howland Junction
INCOME ACCOUNT.
1886
Gross earnings
Net earnings
Deduct
1887
1888
1. ...... $1,919,189
$2,295,623
$640,661
$80^25
$2,292,782
$868,105
$461,538
223,869
50,000
$549,814
Interest
Rentals, insurance, taxes, Ac
Interest on car trust bond
bonds
$581,775
282,458
^
228,641
25,000
$803,455
Balance
def,$94,746 sur. $2,469
William. Dowd. President, N.Y. (V. 45, p 437; V
6.
/
381,745, 802; V. 48, p. 367, 748.)
Total charges
$735,407
......I
$364,233
sur. $3,872
p.
102, 191,
Louisville New Orleans &. Texas (See Map) Line of road
Memphis, Term., to New Orleans, La., 456 miles; Lelaud to Huutlugton,
Miss., 22 m.; Bolivar Branch, 25 m.; Washington Co. branoh, 35 in.
total owned. 538 m. Leases Clinton to Port Hudson, La., 22 m.; total
operated, 559 m. This road was built in the interest of the Huntington
system of roads, and Torms the oonnectiug link in that system across the
Continent from Norfolk to San Francisco. The Income bonds are a first
mortgage on 750,000" acres of land in the Ya/.oo Delta. The second
mortgage bonds are moomes," receiving Interest only wbeu earned;
but no interest was payable till Maroh 1, 1889; unpaid interest is cumulative, and bears interest at the rate of 5 per oent; these bonds may be
paid off at 105. The Oniou Trust Co. of New York is trustee of the 1st
and 2d mortgages, and Edward II. Pardee and Albert Crolius of a new
land grant income mortgage which has been exeontcd to take up
the old income bonds but none yet issued. Stock is $5,000,000; par
rrJ
;
$100.
From
Jan. 1 to July 31 in 1889 (7 months), gross earnings were
$1,421,902, against $1,275,119 in 1888; net, $366,494, against $294,599.
1888.
1886.
1887.
Gross earnings
$2,426,317
$1,803,784
$2,243,211
1,781,892
1.252,562
1,521,128
Operating expenses
Net earnings
62-7.8
g.
6g.
6g.
$551,221
.
INCOME ACCOUNT.
Receipt*
Bond*
OR DIVIDENDS.
INTF.RE8T
Slie, or
Rate per When Where Payable, and by
Bonds Value. Outstanding
Cent.
Whom.
Payable
of
ISM
1
Maine Central
Date
/
$722,083
Taxes, rental and mis. expenses
1887.
..$722,083
..$103,225
Interest on bonded
..
Net earnings
$644,425
INCOME ACCOUNT.
debt
Surplus income
* Includes other Income.
Mr. R. T. Wilson, Pres., N. Y. ( V.
'
V. 49, p. 284.)
A
,
p.
1888.
445,600
$652,441
$105,758
445,600
$548,825
.$173,257
$551,358
$101,083
5 1 2; V. 46. p. 4 4 7; V. 48,
p.
854;
I.oiiiKvllle St. I.ouix
Texas. ( See Map.) Louisville to Hen1,594,800 derson, Ky., 142 miles, of w'ltoh 121 miles only. West Point to Henderson, are owi ed. Completed April, 1889. Has contract with chesaneake
$0,824,206 Ohio A Southwestern for |olnt use of tracks from Ixmisvllle to West
$126,214 Point, Ky., 20 miles. The 1st mortgage uopds arc for $2,800,000, of
September,
KAILKOAD STOCKS AND BONDS.
1889.]
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TEXAS RAILWAY,
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A.
1
i
i
September,
RAILKOAD STOCKS AND BONDS.
1889.
Subscribers will confer a great favor by giving Immediate notice of any erior discovered In tbese Tables.
DESCRIPTION.
Miles Date Size, or
of
of
Par
For explanation of column headings, &c, see notes
Road. Bonds Value.
on first page of tables.
Andros.RR.,BathCity loan.c
mortgage. ..o
Maine dnt'l (Con.)
Portland
& Kennebec, consolidated
Dexter
Newport, stock
&
bonds
do
Manches. <t Laic
Manhattan
Dividend
30
71
Stock, lOp.c. ren'l till 1937,B.
(Elev.) Consol. stock
bond certificates, (3ee remarks)
&M.
in., $ &.S....B"
c*
by Manhattan)
Metropol. El.. 1st M., $600,000 p.
2d M.
do
(guar,
N. Y. Elevated, 1st M.(payable at 105 after 1896)
Consolidated mortgage (for $15,000,000)
Debentures
Mariettas North Georgia 1st M., gold, $7,000p.m.
Cons.UtM.,g.$4,500,O00,s.f.$15,000afterl897c'
Marquette B. <t O. Common stock
Pref. stock (6 percent rental, D.8.S.& A.)
1st m., M.&O., Marq. to Mich. & brs. lgr. not dr'n
Moil. 1st M. Mich, to Anse.A bra. 40ni.,red.atl00
M.,l*t Anse.toHougD.&brs45m.,red:atl05.c*&r
Gen. M. 1st M on Mar. & West., 21m. int. guar c*
Mem. A Ohar'stonTenn. State loan for $1,736,906
1st niort. extended
c
2d mortgage, extended
Consol., gold ($1,400,000 1st on 93m.lnTenn.)..c*
c&v
General mortg., gold
Mexican Central Income bonds, not yet assented. r
.
Debent.rsecu.byoollat.)(maybe called Apr. '90). C
1st mort. (assented)
Priority consol. M. gold, redeemable at 110 .. o'&r
o'Ar
Consol. M., gold, $32,000 per mile
1st consol Incomes, gold, non-cum. ($9,600 p. ro)c*
2d con.lnc.$6,4CO p.m.red.at 50b ttlljulyl929 c*
c'
Mex. Sat. IstM., g or'nat 100
26
32
Ts
18
14
99
132
156
156
50
90
78
156
94
292
292
,
1,663
1,663
1.663
1,663
1,064
1866 $100&c.
lOO&c.
1865
81
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RAILWAY & CONNECTIONS.
September,
183?.]
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RAILEOAD STOCKS AND BONDS.
83
84
SUPPLEMENT.
INVESTORS'
Subscribers
trill
confer a great favor
[Vol, XLIX.
giving Immediate uotlce of ganjr errorjdlscovered In these Tables.
i>)
Bond i
IMPREST OR
DESCRIPTION.
DIVIDENDS.
Miles Date 8ixe, or
Amount Rate
Par
For explanation of column headings, Ac, see notes
of
of
per When Where Payable, and by
Outstanding
on first page of tables.
Road. Bonds Value.
Cent.
Whom.
Payable
Mexican Rational
(
Michigan Central Stock
1,537
Consolidated mortgage ($2,000,000 are 5s).. c. Ar 270
M. C. Michigan Air Line, IstM
o. Ar
115
Michigan Air Line 1st M., assumed by M.C.c. A r 115
M. C. bonds, mort. on Grand River Val RR.c. A r
84
Kal.A 8.H., 1st A 2d in., g.$70,0002dsdue'90 c. A r
39
Grand River Valley, stock, guar
84
A Bay
.
Stocks
Last
Dividend.
Con tinned )
2d M., ser. " A," ft., iuo. aoouin. (for $16,675.000).e" 1,064
2d M., sor. " B," g.ino non-ao. (for $16,675,000).r 1,064
r
8d niort., deb (inc. not cum), gold
C 162
Texas-Mexican, 2d M., gold ($15,000 p. m.)
Detroit
Prino.
pal. When due.
City 1st en'd. and bridge
Ar
c.
1887 |B00*0. $12,265,000
1SS7 500 Ac. 12.265,000
1887
1,000
7,040,000
1881
1,000
1*1.000
100 18,738,204
1872
1,000
10,000,000
1870
1,000
1,900,000
1.000
1870
200.000
79-86
69-70
1,000
1,000
710.000
491.200
424,000
3,576,000
2,579,000
150,000
250,000
MiddleloienVn.itW. Gap lstm. ext. 25yrs in'86.o2d mort. guar.. Interest reduced to 5 per cent. .0
Mihc Lake 8hore <t Wett Common stock
Preferred stock, 7 per cent
CoiiroI. mort. for $5,000,000 ($12,000 p. m.) gold
Income bonds (not cumulative)
r
Equipment bonds of 1882 ($30,000 red. yearly).
Michigan Div., 1st mortg , gold (for $3,000,000lc
Ashland Division, 1st mortgage, gold
c'
Bt. Paul Eastern Gr'd Trunk, 1st, gold, Int.guai'.e
Equip, bds. 1885 ($100,000 red. yearly from '90).
Co.i v. debentures, secured by mort. of '89, eold.c*
1st Ms. mi H rtev AOnton. branches (dr.atlOO).c
Ext.AImp.M.for$5,000,000, g.,s. f. not dr'n...c"
2,000,000
5,000,000
4,674,000
500.000
90,000
1,281,000
"
Milwaukee & Lake Winnebaoo 1 st mort., gold. .0*
Income bonds, gold (cumulative), int. paid
c*
Debent., convert., g., lessee pays int. till 1894.0*
.
65
1882
1884
1,000.000
1,106,000
500,000
2,000,000
150,000
1,002,000
1,430,000
520,000
226,000
1,000
1,000
g.
.
!*
May
J. A
A
A
M. A
M. A
M. A
J. A
M.
8
<fc
J.
8
6
8
2>s
8
M.
M.
M.
5
6
A
April
F.
745
1,500,000
100
147 1872-3 1,000
147 1881 1,0004c
295 71 A' SO 1,000
i'.il.Vc.
13 1806
1871 SOOAc.
100
584
100
584
1.000
346 1881
1881
1,000
1882
i;ooo
85 1884
1,000
40 188
1,000
56 1883
1,000
1885
1,000
531 1887
1,000
16 1886
1,000
531 1889
1,000
65 1382
1,000
M.C.mort. on Dot. * Bay C'y RR. (reg.Q -M.) .c. A r
Jaok. Lane. ASag. con.ui. ($1,722,000 are 8s). cat
Og. M.
6
A8
g
-
i
M.
J.
July 1, 1917
July 1, 1917
July 1, 1937
N. V. Office, 32 Nassau. July 1, 1921
A N. Y., Gr. Cent. Dei>ot. Aug. 15, 1889
N. N.
May 1,1902
Y., Union Trust Co.
J.
do
do
Jan. 1,1890
H.
do
do
Nov.l, 1890
a.
do
do
Sept. 1, 1909
s.
do
do
Nov. 1, '89-90
8.
1
1
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.1.
A N
A
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A
A
A
8.
BT.
D.
4
do
do
do
do
Y., N. Y. Susq.
do
July, 1889
May 1, 1902-3
Mar.
1,
1931
Sept. 1, 1891
A W.
Nov.
do
1,
1,
Dec.
1911
1896
N.Y., N. Bk. of Com'rce Jan. 14, 1888
3
A"
MA
MA
F.
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8
s6
do
do
do
do
1:
s g
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A
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5g. J. A
6g- A. A
do
do
do
do
Aug. 15, 1889
do
May 1, 1921
do
May 1, 1911
W. Y., 8. 8. Sands A Co. Jan. 14, 1892
N. Y. Bk. of Commerce July 1, 1924
do
do
Mar. 1, 1925
do
do
Jan., 1, 1913
do
do
1890-95
N. Y., Bk. of Commerce Feb. 1, 1907
N. Y.. 8. 8. Sands A Co. April 1, 1896
New York.
Feb. 1, 1929
N.Y.,36 WaliSt.ABost July 1, 1912
do
do
July 1. 1912
do
do
April 1, 1904
owned
Of the old 1st mort. bonde $2,500,000 were deposited as collateral for
the debenture bonds, which bonds may be called in by April, 1890.
In 1889 anew funding plan ^ as agreed to (see circular in full, Chronicle, V. 48, p. 191: also p. 292, 327). The $7,000,000 priority consols
were issued to pay off the coupon notes and debentures, etc., $1,000,000
additional being reserved for new rolling stock, etc. The consol. mort.
securing both the priority consols, and consol. 4s (trustee, Boston Safe
Dep. A Tr. Co.) covers the tntire property, and also covers all old lsts
deposited, and a $6,270,000 subsidy earned and to be earned. (See ab-
total operated, 1,537 miles, of which 1 ,101 are
miles of second track and 692 of side traoks.
stract of mortgage in Chronicle, V. 49, p. 177.) Both series of incomes sre non-cumulative and secured bv one indenture to the Am.
Loan A Tr. Co.
From Jan. 1 to July 31, 1S89 (7mos.).gross earnings were $3,589,503,
against $3,419,623 in 1888; net, $1,666,795. against $1,310,452.
The annual report for '88 in V. 48, p. 625, 632, gave a full account of the
affairs of the company and itsprospects, with earnings, balanoe sheet, <S o.
Saginaw oompany as stated below.
In Nov., 1882, a close contract was made with Canada Southern for
working its road by the Michigan Central and for the division oi
net profits over all charges as follows one-third to Canada Southern and two-thirds to Miohigan Central; but the Mich. Central is
entitled to an increase on this proportion as it diminishes its interest
charge by payment of bonds or otherwise, and hence it now obtains
more than two-thirds of the net income.
Stocks and Bonds The Michigan Central stock has remained at the
same amount since 1873. Prior to 1873 it was a regular 10 per oent
stock. In 1872-73 paid 5 per cent and 4 in scrip, but afterward paid
no dividend till 1878, and since then irregular amounts. Since 1870
dividemls have been: In 1870-71, 10 per cent; 1871-72, 10; 1872-73,
5 and 4 in scrip; in 1878, 2; in 1879, 3 >s; in 1880, 8; in 1881, 6ifi; in
'82, none paid; in '83, 5 in '84, 3; in '85 and '86, nil in '87 and '88, 4
Organization, Leases, Ac The Michigan Central was chartered Id
1846 the whole line, Detroit to Kensington, was opened In 1852. The
A Bay City road was foreclosed Feb. 12, 1881, and purchased for the Michigan Central, which leased it and put a mortgage
on the road. The other lines described above as leased are all held by
the Michigan Central nominally under leases at fixed rentals, but are
practically owned. The land grant came from the Jackson Lansing A
;
Detroit
INCOME ACCOUNT.
Receipts
Gross earnings
Net earnings, Ac. (U.
Net subsidv ree'd (U.
Miscellaneous
8.
8.
currency) .
currency) I
Total net income
1886.
$3,857,706
$1,102,072
48,182
3,724
$1,153,978
Insbursem en is
Interest on coupon notes of '89..,
Interest on 1st mortgage bonds.
Interest on debentures
$*192.013
736,710
11187,500
Miscellaneous
88,574
Total
1888.
1887.
$4,88(5,578 $5,774,c31
$1,680,295 $1,748,459
4S6.060
204,845
1,273
$1 ,885,140 $2,185,792
$316,313
1,254,677
250,000
74,612
;
t
$316,313
1,357,717
250,000
42,311
December 31, 1888, was
to'al net subsidy received to
in U. 8. currency.
(V. 46, p. 102.191, 537,
V. 48.
p.
$3,825,-
p. 626, 745.
764, 800; V. 49,
538,558, 572.576, 678; V. 47,
62 5, 632,
128, 189, 191, 292, 327, 368, 589,
The range
;
in prices of the stock has been as follows In 1871. 114a
126; in 1872, 1138120; in 1873, 653>111; in 1874, 68^3,95^; in
1875, 5382i4; in 1876, 34083651*; in 1877, 35=sa74i4, in 1878,
58iaa75; inl879, 733t98; in 1880. 75130is; In 1881, 84-1i3126i;
In 1882,77-8105; in 1883, 77100ie; in 1884, 513i3i94i3; in 1885.
in 1886, 6l>sa98%; in 1887, 80a>95is; in 1888, 72S92i;
In 1889 to Sept. 20, Inclusive, 84ia91. The Kal.
S. H. bonds due
in 1889 and 1890 are to be replaced by Mich. Cent 5s due 1939.
$1,204,797 $1,895,602 $1,966,341
The
;
in '89, 4.
Balan ce
def.$50,819 der.$l0,462sr.$219,451
* In 1886
H This is six
only half the interest was paid In cash.
months' full interest, and six months half only in cash.
583
There are 157
p. 83, 177.)
:
16i79%;
The Jackson Lansing
A
A 8aginaw cebt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000 the proseeds of J. L. A 8. lands go to pav bonds, and in 1888 sales amounted
to 3,535 acres for $46,293 (including timber), leaving 293,124 acres
unsold; land contracts and other assets on hand, $288,660.
;
Operations, Finances, Ac The road is operated under a close conCanada Southern and the earnings of both roads are included
the statistics below. The statement for first six months of 1889. June
being partly estimated, was as follows:
tract with
Mexican National Railroad
(itlex.) (See Map) Owns from
Laredo to City of Mexico, 842 miles Acambaro to Patzuaro. 96 miles
El Salto branch, 45 miles Matamoras to San Miguel, 76 miles small
branches, 5 miles total owned, 1,064 miles controls through ownership of stock, Texas Mexican Railway, Corpus Christ! to Laredo, Tex.,
and branch, 163 miles; other lines, 5 miles total owned and controlled,
1,232 miles. Thisroad wascomplettd in September, 1888, and opened
for traffic about Nov. 1.
The foreclosure of the former company
(Mex. Nat. Railway) took place on May 23d, 1887, and the present
company acquired 716 miles of road, and it also controls the Texas
Mexican Railway fromLaredj to Corpus Christi, Texas, 161 miles, owning all the 1st mort. bonds. $1,196,(00 2d mortgage bonds out of a total
issue of $1,380,000; $2,453,750 of its capital stock out of a total issue of
$2,500,OCO; the Brownsvil e A Gulf Railway, 1 mile, by the purchase
of Its capital stock of $25,000; the Texas Mexican Northern chirter,
by the purchase of all its capital stock, $100,000.
The new first mortgage for $12,500,000 is a prior lien upon all the
;
;
;
;
;
lines in Mexico, constructed or to be constructed, and upon the abovenamed securities. The bonds are redeemable on notice at par. Trustees, Hugh M. Matheson and Charles Maguiac. Of the proceeds of this
issue, $1,650,000 was provided for interest and capital reserve, the remainder being for reorganization expenses, payment of certain debt of
old company, and for the construction of 352 miles of main line and a
branch of about 75 miles into the Sablnas coal fields.
Of the securities issued in exchange for old securities, the second
mortgage bonds series " A " are st-ietly cumulative, and not foreclosable while stock remains in trust as below stated the second mortB" are nin-eumiiuitive; trustees, Lyman K.
gage bonds series
Bass and J. A. Horsey. Third Mortgage Income trustees, C. J. Canda
and H. A. Risley. Stock, $33,350,0^0, (par $100) placed in trust with
the Fanners' Loan A Trust Co., leaving the road in cOLtrol of first and
;
second mortgage bondholders until it earns and pays interest, on both
clashes of bonds for two consecutive years, in winch event the control
reverts to the stockholders. Th road was oi eiied for thrjngh traffic m
Nov. 1888. See annual reprrt for 1888 at length in the Ciihomcle of
May 11, 1889, V. 48, pp. 627 and 632, giving status of company, with
various details.
From Jan 1 to July 31, 1889 (7 tnos.) gross earnings were $2 136,491,
against $1,323,898, net, $377,318, against del. of $129,366.
In year 1888 grosp earning* were 81,943,913 (A neiican currency),
p.
p.
MIchAvjan Central.
200, 410, 454,532,664,709:
V. 48, p. 129,
83)
Line of Road.
Main
line
Kensington to
Djtroit, 270 miles; and Windsor to Suspension Bridge (Can. 8o.), 226
miles; total main line. 496 miles. Branches owned and leased Mich.
Air Line RR.. 115: Jol. A No. Iud., 45; Grand River Vallev, 84; Jack.
l.an.A Sag.. 295 ; Kal. A So. Hav.. 39 Det. A Bay City, 148 Sag. Bay
No. W., 87. Tol. Can. So. A Det., 56; Can. So. Br. Co., 4 Mich. Mid.
A Can.,
15 Canada So. branches, 101 Sarnia Chat. A Erie, 7; Erie A
Niagara, 31; total branches, 1,0:26 miles; trackage 111. Cent., 14 miles ;
:
A
:
;
;
Gross earnings
Operating expenses and taxes
1889.
$6,233,00 J
4,424,000
(70-9)
(72-3)
Surplus
Proportion to Canada Southern Co...
$1,809,000
1,260,000
$519,000
156,000
$393,000
$1,810,000
1.2. 0,000
$550,000
159,000
$391,000
374,764
$16,239
;
;
net $51,049. (V. 47,
517, 627, 632; V. 49.
in
:
Percent
Net earnings
Interest and rentals
Leaves
188S.
$6,535,000
4,725,000
374 ,704
Balanoe
$18,236
The aunual report for 1883 was in V. 48, p. 538, as follows:
income account.
Dividend, 2 per oent
Receipts
Total gross earn's. . .
.Vet earnings
tnt. and dividends
.
September,
EAILROAD STOCKS AND BONDS.
1889.J
83
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September,
KAILKOAD STOCKS AND BONDS.
1889.]
Subscribers will confer a great favor by
j
vum Immediate
notice of
any error discovered In tbese Tables.
Bonds PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks- Last
DESCRIPTION.
Miles Date Size, or
Amount
of
of
Par
For explanation of column headings, Ac, ee notes
Road. Bonds Value. Outstanding
on first page of tables.
Milw. it Northern 1st mort Schwarz. to Gr.Bay.c*
Cons. V. ($17,000p. m.), 1st M. north of Gr.Bay.c*
Mine Hill A Schuylkill Haven Stock
7>
% rental
126
177
53
..
1 st
.
,
4ia 1885
1886
,
Houghton extension, gold
Mortgage of Ootober, 1886
.
2d. bds.,lnc.,5 A 10yrs.<WhiteBeartoFt.Dodge)c
c
1st mortgage, gold, Pacific Extension
Minn.St.P.*S.Sv.Harie-M.S.Bt.M.&. At.,lst M.g c>
Minneapolis & Pac 1st M., $15,000 p.m.,gold.c*
Consol. M. (for $21,000,000), $20,000 p. m., g..c*
Mueonn Kansas <t Texas
Stack ($5,157 pref.)
500
100
lstA2dM San. A
Cent. Mo.,(2dM.,$32,0O0,1892)
Consol. M., gold, on road and land (red. at 100)..
2d m., income, exchangeable for genl. ra. 5 per ct.
Booneville Bridge bonds, g. guar., drawn at 100
General consol. mort , gold, ($9,391,000 are 5s)..
.
A Red River
A Gt. North'n,
27
93
15
102
360
53
224
92
495
286
800
1877
1877
1877
1879
1882
1880
1880
1881
1886
1896
1888
Ac.
Ac.
1,000
500 Ao.
1,000
1.000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
100
182 1868
1,000
100 1870
1,000
70 1870
1,000
786 1871-3 1,000
786 1876 500 Ac.
1873
1,000
,611
1st M., g, s. fund, land grant (U.P.S.Br.), red. at 120
1st mort.. gold (Tebo. & Neosho) s. f., red. at 100
East Line
1st mort., gold
2d mortgage, gold
o*
Colorado Bridge bonds, sink'g f d
do
do
1,000
I8-16
Minneapolis <e St. L. 1st M., Min. to Merriam Jon.c
1st mortgage, Merriam Junction to State Line. c*
lstm.,Minn.A Dul.,Minn to White B.Lakcguar.c*
1st mortg., gold, coup. (Al. Lea to Port Dodge). c*
Imp. and equip. M., 1st A2dser., jun. lien on r'd c*
Mort. on Southwestern extension ($12,000 p.m.Jc
Internat.
100
100 Ac.
12s 1873
due June 1, 18 98, but not paid
on Calumet extension
mo it koM
,565
1880-6
156
776
776
1880
1879
1881
1880
1,000
1,000
1,000
500 Ac.
1,000
(W A
to Pratt Lake
W. R.'s R'y), 15 miles; total leased, 76
miles; total operated, 6 oO miles. This company was organized In 1876
as successor to the former company foreclosed in 1875. Preferred
stock has a preference to the extent of 7 per cent from net earnings. The debentures are convertible into stock at par at any time
within ten days after the date fixed for payment of di vs. on com. stook
The equip, bonds aro redeem. $30,000 per year at par; the funding notes
$100,000 per year; theequip's of 1 885 at $100,000 per ye.r after 1890,
and the Ontonagon let mort $25,000 per year at par, and all redeemable
at 105. (See bonds called, V. 48, p. 221.)
The mortgage of 1889, due Feb. 1, 1929, (trustee. Central Trust Co.)
covers the whole road, subject to prior mortgages, and is a first lien on
new branches. It secures the $2,000,000 debentures .if 1897, to reti'e
which bonds are reserved. Its sinking fund oom uences in 1893, and
will receive yearly a sum equal to 1 per oent f bonds issued but not
less than $25,000; bonds being purchaeed if possible at 110, otherwise
urns to be invested.
Dividends have been In 1887, 7 per oent on pref.; in 1888, 7 on
pref. and 4 on common; in 1889 to date, 6 on pref.
From Jan. 1 to June 30, 1889 (6 mos), net earnings were $664,867
surplus over interest and rentals, $307,969.
The annual report for 1888 was in V. 48, p. 460.
Lake
,
:
;
INCOME ACCOUNT.
1885.
$
Gross earnings
Net earnings
Other receipts
420.890
9,529
Total net receipts.
Interest paid*
Rental and miscel....
430,419
312,648
24,197
Total
Surplus
Dividends
Bate of dividend
1886.
1887.
8
$
$
995,200
36,181
3,180,621
1,240,323
47,733
2,836,783
1,091,774
12,989
1,031,381
1,288,056
1,104,763
490,271
26,910
517,687
31,307
579,305
29,5i3
548,094
507,211
739,082
524,170
430,000
175,000
3!jonpref. 7 on p. 4 cm.
608,898
495,865
2,317,802
363,845
63,574
1888.
300,<H.i>
Cent.
27,264,0r>0
4
2s
g.
2*
It
7g.
v6g.
v5g.
T7 g
-
z*
g
-
5
A6
gg.
6
347,000
7,954,000
7,054.000
225,000
& D. N.Y., Merch.Exch.N.Bk June 1, 1910
A D.
do
do
June 1, 1913
A J. Phila., Office, 119 8.4th July 15, 1889
Q.-J.
July 5. 1887
J. A D.
Last paid June, 1887
Overdue.
A O Last paid April, 1887. Oct. 1, 1915
J. A J.
Last paid July, 1887
Jan. 1, 1916
J. A J. List paid July, 1887
Jan. 1, 1937
J. A J. Last paid Jan., 1888.
Jan. 1, 1907
J. & D. Last paid Dec. 1887.
June 1, 1927
M. & N May,'89. cou. p'd in Sep. May 1, 1907
J. & D
Last pall Deo., 1887.
June 1, 1909
J. & J
Last paid July, 1887
July 1, 1922
J A D. Last paid Dec., 1887. Deo. 1, 191
J. A J. Last paid Jan.. 1888.
Jan. 1, 1891
A. A O. Last paid Apr., 1888. April 1, 1921
J. A J. N.Y.Mor'n, Rltss.ALond July 1, 1926
J. A J. N.Y..R. P. Flower A Co. Jan. 1, 1936
J. A J. N. Y., Morton, B. A Co
July 1, 1938
J. A
Last paid Jan., 1888.
Jan. 1, 1899
J
N. Y., Union Truft Co.
June 1. 1903
M. A
Last paid Nov. 1, 1888. May,18H0A'92
F. A
Last paid Feb., 1888.
1904r05-06
A. A
None paid.
April 1, 1911
M. A
N.Y., Mercantile Tr. Co. May 1, 1906
J. A
Last paid Deo., 1897. Dec. 1, 1920
J. A
Last paid Deo.. 1887.
Junel, 1900
M. A
Last coup. pd. Nov., '88 Nov. 1, 1919
M. A
List coup. pd. Sept.,'88 Sept. 1, 1909
M. A
Last coup. pd. Nov '88 Mayl, 1920
ft-
g-
l
7
Dividend.
J.
J.
J.
6
8
5
Whom.
Payable
6
$2,155,000
2,996,000
4,081,900
400.000
198,000
100,000
100,000
250,000
455,000
950.000
280.000
1,015,000
4,000,000
636,000
500.000
1,382,000
10,000.0 10
4,290,000
6,710,000
46.410,157
2,054,000
346,000
696,000
14,877,000
581,000
776.000
$1,000
1,000
50
17i
Mineral Ranr/e^-Stook
1st mort.,
1880
1894
87
6g.
f*
,
This road was under the H. S. Ives management.
The coupons
of Oet
1887, and since have been passed, and bonds due June, 1889, not paid
A. Wright was appointed receiver in June, 1888, and plan of reorgan
ization is being prepared. President. H. F. Shoemaker, 10 Wall St. In
1887, gross earnings, $153,782; net, $97,661; interest, $35,544: dividend
(71* per cent) $30,000; balance, $32,117. Gross earnings In 1888, $.19,561; net, $39,967. (V. 45, p. 272, 538; V. 46, p. 739; V.' 47, p. 802.)
1,
I
C.
,
&
St. Louis. Owns main line, Minneapolis to
Minneapolis
Angus, Iowa, 259 miles; Pacific DivisiomHopkins to Morton, 92 miles ;
K a o Branch, 2 miles; Lake Park Branch 113 miles; total operated, 354 if
miles. Leases trackage from Minneapolis to St. Paul over St. Paul A
No. Pacific RR. also owns from Minneapolis to White Bear, 12 miles,
which is leased to the St. Paul A Dnluth RR.
Of the bonds issued under the 1877 mort. due June, 1927, those numbered from 1,101 to 1,400, for $500 each ($150,000 in all, in addition
to those above), were assumed by the Bar. Ued.i' Baplds A No. RR. The
bonds on the 15 miles were issued by the Minneapolis A Duluth Railroad
before it was absorbed by this company. Preferred stock, $4,0i)0,0u0
issued; common stook, $6,000,000 issued par of both $100 per share.
Most of above 1st mortgages are also a second lien on more or less of
the road. The Jan., 1898, coupon on equipment bonds and all subsequert coupons were defaulted on, but the Nov. coupon of the Minn.
A Duluih bonds was paid in Jan., 1889. The President's explanation at
length was In V. 4 6, p. 738. W. H. Truesd:iie. Pi-es't. wa3 appointed receiver in June, '88, in the foreclosure suit nuier imp. and equip, mort.
The bu t is pending fcut no pi
of reorganization has been tiered.
The Wis. Minn A Pac., Red Wing, Minn., to Mankato, 95 in., and Morton
Minn. to Watert. June, Dak. ,121m. is leased and operated by this C.i.. but
the M A St. L. has no oolig.ttion for the bonds. $3,000,000 of which are
pledged under the Chic. R I. A Pac. collateral trust mortgage. Brock
,
;
;
m
<
,
is
,
owned by Chic. K. I. A Pao. RR.
From Jan. 1 to July 3t, 1899 (7 mos.).
gross eariinrs were $711,854,
against $725,055 in 1888; net. $136,754, against $143. 5tj.
For year ending Ju e -lO, 1888, gross earnings were $1,377,889; net
$342,888; deticienoy under charges, $172,051. In 1883-8) gross earnAnnual report in V. 49, p. 340.
ings, $1,330,518; net, $333,958.
(V. 47, p. 21,626; V. 48. p. 100,662 ; V. 49, p 235,340.)
6 on pref.
Minneapolis St. Paul Se Sanlt Ste. Marie. iSeeM up.) From
Minneapolis to Sauit Ste. Marie. Mich., 491 m.; branche.-, 23 in.; from
Minneapolis northwest to Boynton, Dak 286 m.; total cotopt'ted,
800 m. In progress to Bismarck. Conneots with Canadian Pacific.
'Including incomes.
This Co. was formed May, 1888, by a consolidation of the Minn. Sault
Marie A Atlantic, the Minn. or. Pacific, the Minu. A St. Croix and
Ste.
f Of this balance
$155,000 was used for redemption, of bonds, leaving
the Aberdeen Bismarck .s N.irth western.
(See V. in, 03. 538, 609.)
40,865 to be carried forward.
A
large block of the stock was sold to capitalists interested In the
-OT. 46, p. 134, 380. 802; V. 47, p. 381, 744, 715, 803; V. 48, p. 221
Canadian
which
will thus work with the consolPacific,
oompauv
292, 460, 556, 800; V. 49, p. 52.)
idated road. S.oca com., $11,000,00.); pref, $7,000,000; par, $100.
Milwaukee Sc Lake Winnebago. Owns from Neenah to The first mortg. bonds of M. S. S. M. & A. were issued in 1887 at $20,000
a sum was retained to pay coupons up to
p.
, end out of the proceeds
BchleisingervLUe, Wis. Built in 1882 and leased for 99 years to Wiscon
Central at 3713 per cent of gross earnings as rental; but aftei July, 1889
(Abstract of mortgage V. 45, p. 243.) Tae consolidated
fin
of
1888
Central
Trust Co.; mortgage abstract Chron(trustee,
$175,000 per year is received the balance of net earnings is to be equally mortgage
divided. The $1,000,000 debentures were authorized to be Issued at icle, V. 47, p. 142) will retire these and the Minn. A Pao. bonds at niarequired for improvements, and they are convertible on any coupon day ui-itv. From Jan. 1, to May 31 (5 months), gross earnings were $521,into pref. stock; the lessee pays Interest on them till 1894. Pref. stock, 093 in 1899, against $329,975 in 1888
net, $145,913, against def. of
eperct. cum., $780,000; com. stock, $520,000; par of shares, $100. $8,W7. (V. 46, p. 38, 538, 609, 771, 802; V. 47, p. 142, 161; V. 49,
Oregon A Prans- Continental owns $277,* 00 pref. and $226,000 common. p. 373 )
Dividend of 3 per cent on preferred stock was paid Jily 15, 1898, and 6
in Jan., 1889. In 1887, rental was
Missouri Kansas
Texas. Road Owned and Operated.
net
$167,954; in 1888, $165,532
over all charges. $51,146.
Hannibal, Mo., to Denison, Tex., 575 miles; branches, Dallas A Greenville extension, 52 miles; Parsons, Kan., to Junction City, Ran., 157
Milwaukee* Northern (See Map.) Owns from Schwartzburg, miles; Denison, Tex., to Taylor, 258 miles; Whitesboro to Henrietta,
Wis., to Champion, 257 miles; branches Menasha and Appleton to Tex., 86 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to
HUlbort.Wis.. 21 m.; Ellis June, to Menominee, 26 m; total operated, Dallas, Tex., 39 miles; Echo, Tex., to Belton, 7 miles;
Trinity to Ogden,
303 miles. Uses Chicago M. A St. Paul track, 7 miles, into Milwaukee. Tex., 67 miles; coal branches, 8
Jefferson, Tex., to MoSunney, Tex.,
Road to be 434 miles long when completed. See full statement in V. 44, 155 m.; Taylor Houston A Bastrop RR., 103 in.
Total, Deo. 31, 1887,
p. 813. Stock, $4,131,000; par $100 per share.
The consolidated mort- 1,611 miles. International A Great Northern, from Longview, Texas,
gage 1? for $9,000,000, limited to $17,000 par mile of completed road, to Galveston, Texas, 282 miles (of which 50 miles leased from G. H. A
and $2,155,000 bonds under this mortgage are reserved to retire the H.), and Palestine, Texas, to Laredo, Texas, 415 miles: branchesbonds ls-ued in 1880 on the old road; on the new road $2,996,000 have Houston to Columbia, 50 miles; Phelps to Hunts ville, 8 miles Mineola
been issued. Tutsi funded debt July, 1889, $5,151,0 i0.
to Troupe, 44 miles; leased Round Rock to Georgetown, 10 miles;
Jan. 1 to July 31 (7 months) gross earning.-) in 1*89 ware $645,207, Henderson to Overton, 16 miles; total operated, 825 miles the Holden
against $586,249 in 1888; net, $162,915, against $155,110.
branch, 54 miles. Is owned by M K. A T., but leased to Mo. Fac. Total
mileage Mo. Kan. A Tex. and Int. A Great Nor. (including Gal. Hous. A
INCOME ACCOUNT.
Henderson, 50 miles), Dec. 31. 1887, 2,490.
1888.
1887.
Grose earnings
$1,085,719
Organization, History, Ac The M. K. A T. Company was organized
$976,137
and embraces by consolidation the Union Pacific Southern
Wet earnings
$319,573
$328,332 April, 1870,
and other minor companies. In 1874 the HanInterest on bonds
216,958 3ranch, the Tebo A Neosho
200,100
nibal A Central Mo. was purchased. The road was operated by a refrom
>>ee.
1874.
to
July 1, 1876. when the Union Trust ComSurplus
$119,473
(111,374 ceiverof New York30,took
possession. On Dec. 1, 1880, the company took
pany
(V. 45, p. 53, 613, 672; V. 46, p. 75; V. 48, r- 399 ; V. 49, p. 235 )
if
Its
possession
property, paying the overdue coupons. The company
Mine Hill Schuylkill Haven. Owns from Schuylkill Haven, has a land grant in the Indian Territory of 3,622,400 acres subjeot to
to
the
Pa-,
extinguishment of the Indian title. The Booneville Bridge ComLocust Gap, Pa., with branches, 53 miles
Road was leaser
May 12 ,1864, to the Philadelphia <s Reading Railroad Co. for 999 years pany is a separate organization.
In
at a rental of $326,552 per year. There is no debt, and regular divi
May. 1881, an operating lease to the Mo. Pac. for 99 years was
dends of 713 p. c. are paid Operations are Included in lessee's returns. made without any liability of the lessee for interest, etc.
On June 1, 188, the *i. K. A T. made default in its interest payments
mineral Range. Houghton, Mich., to Can net, Mich, 15'n an 1 a foreclosure suit was begun; H. C. Cross and George Eddy w ere
miles: branch, Franklin Station to Franklin, 2 miles; total 1719 miles. appointed receivers In Oct , ls88. Large claims for advances were
Balance
63,574
349,170
309,062
1
195,865
.
m
;
;
A
m
;
;
;
.
A
I.SVKSTORS' SUPPLEMENT.
[Vol.
XLIX
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]
EAILROAD STOCKS AND BONDS.
89
INVESTORS' SUPPLEMENT.
great favor by giving Immediate notice of
Subscribers will confer
For explanation of column neadlngs,
on nrst page of tain
A }., see notes
Miles
of
Date
81x6, or
of
Par
hoad. nonds
.
Missouri Pari/Jc -Stock
283
1st M.. g (Pac. RR. of Mo.) extended In 1888....
283
2d M. (Pac. RR. of Mo.), (8. f. $30,0001
1st niort. on depot In t. Louis (Pao. RR. of Mo.).
L-uar
of
Mo
rond. Br.. PacJiR.
),
1BH
1st M.
3d M. (covering nil properly of Pao. RR. of Mo.). 299
1st mort. on St Lmii- a Lexington (Mo. Pac.)
Con-oL M.,g $30,000,000 <15,28H,000re'd) o* 1,060
Collateral trust bonds, gold ($15,000,000)... e*Ar 1,120
80
Ler. A Caney VaL RR. 1st M. g.gu. ($10,000 p.m.)e*
T5
Verdlerls \ all. Independence * W., 1st M.,g.,guar.
210
i
mort., coupon
81. L. Iron nit. A Po.,
310
2d
do
gold, coup., may be reg
99
Ark. Branch, 1st mort., gold, landgr"
do
71
Cairo Ark.A T 1st, gold, cp.or reg
do
304
do
Cairo & Fulton. 1st, g., on road Aland..
Gen. consol. and laid grant M gold. . 1255
do
165
Little Rock A Fort Smith 1st M., land gr. sink. U.
Bedalia Warsaw A Southern, let mort
"*2
Little Rock Junot'n, 1st A 2d M. ($35,000 are 2d)
c&r 147
Mobi'C <t Birm. 1st. g., guar. ($20,00o p. m.).
Mobile <t Dauphin Isl.-lst M.,g. (for $3,000,000). c
c
"85
Mobile <t eirard 3d M. ($'200,000 are t s)
179
Mobile * Mont.- L.AN.RR.Co.,M.AM. tr't deed b'ds.
o*
179
Income boius, extended
472
<* Ohio
1st M.. g'd, Mcb. to Colum.. 472 m.o*
55
1 at .iiort..exten ,gold, Colum. to Cairo * > ranch. o*
527
G*-n'l M. (Int. may be paid in scrip till '92) L g. e.f.o*
i
.
,
.
Mmw
Equipment bonds
any error disco vr red In these Table*.
Bonds
DKH" KII'IION
M
[Vou XLIX.
Monterey it Mex. Gulf 1st M., g. $25,000 per m o
Moniyom. <* Eufauta let, s. f., $15,000 not d'wn.o*
50
81
Value.
$100
1908
1871
1872
1873
1876
1390
1880
1,000
1.000
500*0.
800
1,000
50C .*<
1,000
ihs;
1,000
1.OC0
1886
1886
1,000
1887
1,000
1872
l.ooo
1,000
1870
1872
1,000
1870
1,000
81to'7
1,000
1875 r.00 Ac.
1^80
1.0C0
1.000
1884
1887
1,000
1888
1,000
1.000
1877
1881 l,0;OAc
1.000
1879
1883
1889
500 Ac.
84to'7
1,000
1.000
1,000
1889
1879
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Amount
Outstanding
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JNVESTOKS'
SUPPLEMENT.
[Vol. XL1X.
Subscribers will confer a great faror by giving Immediate notice of any error discovered In tbese Tabler.
DESCRIPTION.
Miles
tor explanation of column headings, Ac, see note
on first page of tables.
Morgan't La.4 Tex 1st M.(N. O. to Morgan Cityl.o*
1st mortgage, Alex. Extension, gold
Moms <* EwexSloc*. 7 p. c. guar. D. L. A
1st mortgage, sinking fund
2d mortgage
Convert! l>le bonds
Qen. m. A 1st on Boonton Br. Ac. (guar. D.L.AW.)
Consol. M. (for $25,000,000) guar. I). L.A W.o'i r
Special real estate bonds
Mcuhua d LoveW Stock, 9 p. c ren'l, 92 y rs, H.AM.
Bonds not mort. ($1 00,000 are g. 5s, J. A J., 1900) c
XashrUtc Chattanooga <t St. Louit Stock
1st mort. (for $6,800,000), coup
o*
2d mort.. gold it silver
o*
Bonds held by U. t). Government
lstM.on Fayette, and MrM. lire. ($6,000 p.m. )..c*
1st mort. on I.ebanon Branch
...o*
1st M. on Jasper Br. ($90,000 are 8s, due 1906>c
1st M. on Centreville Hrunch, gold
o
1st M. on Tracy City Br. (Tenn. C. A I. RR.)....o'
let M. on Bon Air Br., 10-308. $20.00op m. ..c*
Consol. M., g (for $20,000,000), $20,000 p.m..o'
Duck Blver UK., 1st M..$6,000 p. m., assumed.c*
2d mort., assumed
o*
W
Stock, gunr'd 6 p. c. by L. A N.
($200,0; .0 held In stock fund)
1st
Kash.Flor.d SheffM.for$2,5O0,000,g.,guar..c
fiathvitle <t Knoxvitle 1st mort. for $2,000.000. .o'
tiatchez Jackson < Colum.lat M.$12,5()0 p.m.,g. c
Maugatvek St'k, 10 p. o. ren'l, 99 y re., N. Y.N.H. All
1st mortgage
r
Ncsqvchon. Tal Stock, 5 p.o. guar, ail 1904, L.
tiashville
<t
Decatur
1st mort. guar.
s. f.
CAN
Septembes, 1S89
]
RAILROAD STOCKS AND BONDS.
Gallego
9
r
Bun
-tlaymond
^> T
Sanderson
Drydenl
/
Encinillas
AUSTIN
^LangtrV
01
'C
kEtai/ders
U
'
Presidio
SamPablo Meoquin
iZ
/'
3ta.Rosalia
^
TinajaSo
-,
LaBabJa\ *J
,
Piedras
NegrasV Eagle Pass
DerVj
Zaragoza o
Tinaja
V
1*
3?
Jf
S.Vincente
Ifoche Buerla'
s^/v
7
"^Kenedy'
/
r
NacimientO
Peyotes
'.SABINAS
o Cuervo
Hondo^..*
S.Antonio
Dolores
Herman as
adore
rfadado
MONCLOVAl
Glorio
.
'
Joya^
Eeata !
VENADIToJ
Sauceda.
Jnral
/
Huisacha^
2
\
--
94
INVESTORS' SUPPLEMENT.
confer a great fcror
miii., riiion will
DESCRIPTION.
r
,
2d mortgage
1st
o"
C
A
A W.,
94
6
IS
13
13
147
92
flt'k,guar.99yrs.N.Y.N.H.AH
mortgage
2d M., ($200,000 gu.hc
leased, 1st
Cooscl. sink, fund $15,000 per jr. not drawn
o*
Extension
northern
e
Bonds convertible into stock
C
New Jersey Jutietum-litM., guar. byN.Y.Cent.cJtr
fns Jersey d New fork 1st M. (reorganization). o*
*
2d mortgage
hewLondon northern Stock
1HSH
1871
$1,000
1869
1877
500 Ac.
-
o*
Consol. mortgage ($300,000 are 4s>
Newport News d Mississippi Valley Stock
o*
Jfsw Orleans d Gulf 1st consol. mort., gold
Jfw Orleans d Northeastern Prior lien mort....o*
W. T. Brooklyn d 'iian'Beach^. Y. * M.'b." i's't* M
$750,000
l.WMl
"50
1,000
1870
500 Ac.
100
1869
1870
1879
1HH1
1880
lSH(i
1,000
1.000
1.000
1,000
1,000
1,000
1SH0
fiOO&c.
100
121
1872
1880
500 Ac.
"68
196
196
1*886
1,000
1,000
17
"27
'"&
39
800.000
1,104,500
700,000
575,000
225,000
2,460,000
1,300,000
260,000
1,200,000
700,000
700,000
"ioo
1
,000
100
1885
1881
1877 506*Ac.
1885
1,000.
1874 *100Ac
100
1853 500 Ac
1873
1,000
1873
1.000
C
14
N.Y.B.AM.B., 1st consol. M gold, guar. by L.I..C* All.
H.
150
D.A
Can..o*
M. T. d Canada 1st M., ster.-guar.
1,421
Jf etc Fork Central d Hudson Rtver Stock
Debt certificates (N. Y. Central) ext. 10 y'rs, '83..
840
K. Y. C. A H ) $30,000,000 1 OOUI)on
re J
ooupon or reg
840
)
mortgage...) *2,0OO,000 5
1KS4-9 1,000 Ac
new
.e&r
In
incl.
inoit.)
be
bonds
any
(to
Debenture
. .
EARNrNOS AND EXPENSES.
1885-36.
1886-87.
1887-88.
1888-89.
$
$
$
$
604,820
1,429,468
153,821
725,961
1,894,715
153,572
834,823
2,102,956
153,874
809,627
2,277,119
Hail, express, rents, Ao..
Total gross earnings....
Total operating expenses.
2,188,109
1,322,858
2,774,248
1,578,611
3,091,653
1,770,249
3,300,165
1,951,444
865,251
1,195,637
1.32^404 1,348,721
Earnings
Psieneer "
Kehrht
Net earnings
213,418
INCOME ACCOUNT.
1885-86.
1886-87.
$
$
Net Receipt*
Net earnings
Totallncome
Disbursements
A taxes.
$
$
1,195,637
13,445
1,321,404
1,348,721
865,251
1,209,082
1,321,404
1,348,721
$
$
$
$
675,096
709,834
266,741
760,834
266,741
4
4
45,221
119,480
145,015
869,696
333,426
5
60,903
Dwldends
Rate per cent
Improvements
1888-89.
865,251
Miscellaneous receipts
Interest on debt
1887-88.
B9^S8.300
6,450,000
30,000,000
9,733,333
11,000,000
A
A
A
J.
M.
2>s
5
7
50c.
A J.
A O.
A O.
A O.
5
J. A J.
4
F. A A.
6
M. A N.
5
J. A J.
1*4
7
J. A D.
4 A5 J. A J.
g M.AN.
6g. A. A O.
6
J. A J.
7
J. A J.
A. A O.
g
l
6
g. M. A N
1
Q.-J.
5
M. A N
7
J. A J
J. A J.
I"' M. A 8
7
J.
6
5
A.
A.
6A7
T
No coupons
paid.
A.
-
-
2.
1938
1901
1889
1977
1889
1918
1900
Oct, 1889
do
do
Jan., 1899
N.Hav.,N.Tradesm'8 Bk Apr.1'91 A'98
do
do
April. 1, 1909
do
do
April. 1911
do
de
Julyl. 1896
New York Agency.
Feb. 1, 1986
N.Y., Mercantile Tr. Co. May 1, 1910
do
do
Jan. I, 1986
New ix)iidon, Office.
July 2, 1889
N. Y., B'k of N. America
July, 1892
do
do
July, 1910
July
8.
N. Y. L. E. A W. RR.
N. N. Y.. Union Trust Co.
When earned.
Newcastle, Penn.
Q. J.
M. A N. N. Haven, Mech. Bank
Various
do
do
A. A O.
New Haven.
M.
Sept.,
Nov.
1.
June 1,
Oot. 1,
Nov. 1,
Aug. 1,
N. Y. Nat. City Bank.
N. Y., Central Trust Co.
Nov.
Nov.
1926
1915
1911
N. Y., Corbin Bank'g Co Jan. 1. 1897
do
do
Oct. 1, 1935
London, Baring Bros.
May 1, 1904
N.Y., Gr. Central Depot. July 15, 1889
do
do
May 1, 1893
do
do
Jan. 1, 1903
London, Union Bank. Jan. 1, 1903
N.Y., Gr. Centr'l Depot. Sept. 1, 1904
1,
1,
Jan.,
$241,461; net, $13.101 ; loss to lessee, $65,380. In 1884-85, gross
118,430; deficit, $29,102; loss to lessee, $64,631. In 1885-86, gross
t 214,291: net, $35,208. In 1886-87, gross, $183,010; net. $2.5757
N'ewburg Dutchess Connecticut. Owns from Dutchess Juno.
A
N. Y., to MllTerton, N. Y., 59 miles. The Dutchess A Col. RR. was sold
Aug. 5, 1876, and this sompany was organized Jan. 8, 1877, by the purchasing bondholders. In addition to above incomes, there are $150,000
1st mort. 7s, due in 1907. In year end. Sept. 30, 1887. gross earn, were
$144,726: net, $19,657; surplus over Interest, $8,259. In 1887-88,
gross, $175,138; net, $24,877; surplus over fixed charges, $13,477.
The common stook is $500,000 and preferred stock $587,450 par $50
John S. Sohultze, President, Matteawan, N. Y. (V. 47, p. 626.)
;
New
Castle
New Castle, Pa.,
A
Beaver Valley. Owns from Homewood, Pa., to
15 miles. Leased to Plttsb. Ft. W. A Chic. RR for 99
years at a rental of 40 per cent of gross earnings, and lease assumed by
Pennsylvania Company. There is no debt, and a cash surplus January
1889, of about $130,000. In 1879, 13 per cent dividends were paid ; in
1880, 13 p. o.; in 1881, 24 p. c; In 1882, 14 p. c; in 1883, 29 p. c; In
1884, 19 p. e.; In 1885, 10 p. c; In 1886 and 1887, 6 p. c. each; in 1888,
10 p. c; in 1899, 10 p. c. Gross earnings in 1887. $253,003; rental received, $103,201. Gross in '88. $237,537; net, $113,115. (V. 46, p. 699.)
New Haven A Derby.
Owns from New Haven, Conn., to Ansonla,
13 miles, and extension to the Housatonlc RR. at Huntington,
In 1889 the road was leased to the Housatonlc for 99 years,
the rental being the fixed charge* and $9,400 per year Oil 1892^
$14,100 till 1895; and $18,800 for the balance of 93 years. In 1887-88
gross earnings were $173,779; net, $69,216; surplus, $31,811. (V. 48.
Conn.,
4 miles.
720,317 1,096,055 1,172,590 1,264,025
Total disbursements.
144,934
113,027
148,814
84,696
Balance, surplus
(V 46. p. 102, 228, 371, 511, 650, 771; V. 47. p. 81, 227, 35*. 353,
473, 594, 775; V. 48, p. 527, 662, 764, 790; V. 49, p. 83, 206, 341, 371.)
Louisville d Nashville.) Owns
The road was
Iron) Nashville, Tenn., to Decatur, Ala., 119 miles.
leased May 4, 1871, to the Louisv. A Nashv. RR. for 30 years from
on
annum
the
stock. The
oent
of
6
rental
at
a
per
per
July 1, 1872,
loanrn assumed all the debt of the Nashville A Decatur Co. Sinking
D.
and
N.
A
bonds In
held
$112,000
June
1887,
fund
30,
1887-88 gross earnings, $1,294,800; net, $450,802; surplus over in
June
In
30,
1887,
dividends.
$182,123.
ending
and
year
gross
terest
earnings were $1,239,633; net, $549,196; surplus over interest, taxes
and guar. dlvidends^$265,029.
Nashville Florence Sheffield. ( Sec Map Lou. d Nash.) -Owns
from Columbia. Tenn., to Florence, Ala., 79 miles, with branch Iron
City, Tenn., to Pinckney, Tenn., 12 miles, and has trackage, Florence
to Sheffield (Mem. A Char. RR.), 6 miles; total 97 miles. Operated by
Louisville A Nashville, which company guarantees the principal and
Interest of the bonds by endorsement. Stook June 30, 1888, $708,585;
par $100. Gross earnings, July 1, 1888, to Feb. 28, 1889, $116,007.
President, M. H. Smith, Louisville, Ky.
Knoxville. Owns from Lebanon to Gordonsville.
Nashville
30 miles in operation; and under construction to Glen Alice on 'in. So,
BR. Stock is $500,000. Trustee of mortgage. Mercantile Trust Co,
of New York. A. L. Crawford, New Castle. Penn.
Nashville
I
1,650,000
100.0OO
100.000
1,500,000
387,500
1,112,000
13,761,800
1,000,000
1,000,000
5,000,000
500,000
845,000
4,000,000
pal, When doe.
When 'Where Payable, and by' siorks-lMtt
Whom.
Dividend.
'ayaole|
J.
g*
I*
'.r.o.ooo
188
i*2*i
2d mortgage
any erior discovered In these Table*.
Bonds PrinciINTEREST OR DIVIDENDS.
Date Size, or
Amount Rate
Of
of
Par
per
Boat Bonds Value. Outstanding Cent.
fevada Central -1st M.,g., income (sinking fund)..
C
rework d H udson 1st mortgage
rework Somerset d Strailsv., 0. 1st mortgage
Inoome
Donds..r
d
Connecticut
Dutchess
ftwburg
Wew Cattle d Beaver Valley Stock
C
1st mort consolidated
; Harsn d Derby
Bo'v.
ot
Mil.'H
explanation of column headings, Ac, see
on first page of tables.
jrJSae.rfAortfiamp
giving Immediate notice
bjr
[Tou XL1X.
A
Decatur.
(See
Map
Lis.
A
A
<
Hatches Jackson
A Columbus. Owns
p.
828; V.-49, p. 52.)
New Haven A Northampton.
Operated from
New Haven.
Conn., to Conway Junction, Mass., 95 miles; branches Northampton to
Williamsburg, 7 miles ; Farmuigton Conn., to New Hartford.Conn., 14
miles South Deertleld to Turner's Falls, 10 miles; to Tariffvllle, Conn.,
1 mile; leases Holyoke A Westfleld RR, 10 miles; total, 137 miles.
In April, 1831, a controlling interest In the stock was sold to New York
New Haven A Hartford parties, and in June, 1887, the road was leased
for 99 yeans to the N. Y. N. H. A H. at 1 per cent on stock till 1890 ;
then 2 per cent till 1893; then 3 per cent till April, 1896, and 4 per oent
afterward. In 1886-7, gross income, $825,232t net, $121,982; deflolt
under interest, $115,974. (V. 45, p. 13.)
;
New Jevaey Junction. Terminal road through Jersey City, Hoboken and Weehawkon, connecting the truuk lines terminating at those
points; length about 5 miles. Leased for 100 years from Juuo 30, '86,
to the N. Y. Central A H.
RR. Co., whioh ooinpany guarantees the
bonds absolutely and owns the stook ($100,000) of the company. The
mortgage is tor $4,000,000. There is also a 4 per cent 850,000 bond.
New Jersey A New York. Owns from Brie Junction, N. J., to
Haverstraw, N. Y., 34 miles; NanuettoNew City, 5 miles; operates
Gornervllle RR., 1 mile; total operated, 40 miles. The present company was formed on reorganization after foreclosure in April, 1880.
Stock outstanding, $1,440,800 oommon; $787,800 preferred par $100.
Control of road is with preferred stook and first mortgage bonds till 6
per cent dividends have been paid on preferred stock for three years.
Gross earnings In 1888, $230,882; expenses, $166,750
net earnings,
$64,131; def. under interest, $11. 9S4. Gross earnings in 1987, $184,376; net, $25,353; deficit under interest, Ac, $1,447. V.L. Lary, Pree't.
New London Northern. Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
others. This road has been operated since Dec. 1, 1871, under lease to
the Central Vermont Railroad; the lease was for 20 years at $150,000
oer year, and $15,000 for each additional $100,000 of earnings over
Dividends since 1876 have been
In 1877 6% per
to$510,000 per year.
'cent; from 1878 to 1886, inclusive, 6; in 1887, 6"* in 1888, 7. In year
ending September 30, 1888, gross earnings were $626,391; net,
Rental and Interest received, $241,582; paid interest, Ac,
$191,067.
R
;
completed road from
Natchez, Miss., to Jackson, Miss., 100 miles. Stock, $2,028,850; par $50.
mile
will retire all prior
at
The above new 6 per cent mort.
$12,500 per
Hens and provide for future requirements. In 1889 the control of the
in
the Lou. N. O. A Tex.
stock was sold to New York parties interested
Earnings for 1888, icrosa, $163,878 ; net, $44,416. N. Y. Offloe, 52 William Street (V. 48, p. 854.)
Nanntuek. Owns from Naugatuck Junction to Wlnsted, Conn.,
MPs miles; leased. Watertown A W aterbury RR, 4^ miles; total operated, 61 miles. Leased for 99 years from April 1, 1887, to N.Y. N. H. A
H. at $206,000 per year. In year ending Sept. 30.'87, gross earns, were
In 1885-86, gross, $704,336 net, $221,522.
725,828; net, $246,664.
Neaquehonlng Valley. Owns from Nesquehoning Junction, Pa.,
to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford, $91,198; dividend (ti *) per oent), $97,500.
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
New Orleans A Willi'. The lino of the road is from New Orleans
for 999 years to the Lehigh Coal A Navigation Co. at a lease rental o
south along Wie Mississippi River to Bohemia, with a branch, making
$130,000 per annum. In Sept.. 1884. the lease was modified so as to 68>s miles in all completed in 1887. Capital stook authorized, $300,000;
pay 5 per cent a year only, and the option to purchase the stook at Issued, $241,300. In year ending Jan. 31, 1889, gross earnings were
par and interest was suspended for 20 years, with a guarantee of 5 per $166,596; net, $2,082; dettoit under interest, $53,217.
cent per annum on stock.
New Orleans A Northeastern.- (See Map Cm. N. 0. d T. P.)
Nevada Central. Buttle Mountain to Austin, 94 miles. Stock, Line of road from New Orleans. La., to Meridian,
Miss., 196 miles. Stock
$750,000. Road sold In foreclosure June 21, 1887. Reorganization is $5,000,000. This road belongs to the so-called " Erlanger System,"
completed. Above bonds were issued In exchange for $750,000 old and $4,320,000 of the stock and $4,900,000 of the $5,000,000 first mortlsts. N. Y. Committee. Messrs. D. B. Hatch, et al. In 1887 gross earngage bonds are hold by the Ala. N. O. A Texas Pacinc Junotlon Co.
ings were $70,8 16, net, $7,204 deficit under interest, $37,796. Gross There are also car trusts, payable at Farmers' Loan A Trust Co.
in 1888, $42,145; net over oper'g expenses, $2,550. (V. 45, p. 672,743.)
From Jan. 1 to July 31, 1889, (7 months) gross earnings were
Newark A Hudson. Owns from Bergen Junction to Newark. $556,521, against $472,331 in 1888 net, $73,000. against $17^000. In
N. J., 6 miles. Leased to New York Laae r.ne A Western at a rental 1888 gross earnings were $900,340
net. $157,738
deficit under all
of $17,500 per annum, which pays Interest on bonds. In 1887 gross charges in 1888, $190,505, against $225,214 in 1887. (See title at
New
A
Orleans
Texas
Alabama
Pacifio
N.
J.
Junction.)
$72,238; net, $13,850. Cortlandt Parker, President, Newark,
Newark Somerset A straltxvllle. Owns from Newark, O., to Newport News A Miss. Valley. This company was formed
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Balti- nnder the laws of Connecticut to lease and operate all tne Huntington
more A Ohio (in perpetuity at B. A O. s option), which Co. pays 30 per lines between Newport News, Va., and Memphis, Tenn. On Jan. 1., 1889,
cent of gross earnings, and advances anv additional amount necessary the ooinpany owned $5,708,700 Ches. Ohio A Southwestern oommon,
to meet the interest on the debt.
Stock, common, $795,400, and pre- and $3,511 ,600 preferred stock, $1,055,500 Elizabethtown Lexington A
ferred, $218,200 (par both, $50), $705,550 of the first and $191,850 of Big Sandy RR. stock, $3,000,000 Ches. A Ohio common, $427,194
the latter, being owned by Bait. A 0. In 1887-88 gross earnings were pref. and $143,172 2d prcf. stock, and $1,590,800 Ches. A Ohio bonds
;
:
;
1
;
;
;
;
September,
1889.
RAILROAD[|STOCKS
J
AND BONDS.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac., see notes
on first page of tables.
W.Y.OMc.<t St. Louis 1st mort, g., 8. f., not d'rn.c*
y. T. <t Greenwood Lake. 1st A 2d M., Income
S.l.d Harlem Com. and
pref. stook, 8 p. c.N. Y.
Consol. mort., ooup. or reg
JT. T. Lackawanna & Western.
C
.
.
o*
Stock, guar., 5 p.ct.
o*
1st
mortgage
2d mort., guar, by Del. Lack. A West
E. T.Lake Erie (t West. Stock, common
Preferred stock, not cumulative
N. Y. A E., 1st m., Piermont to Dunkirk.N.Y.,ext.
do
2d mortgage, gold (extended in 1879)
do
3d m., gold (ext. 40 years at i^p. ct.)
do
4th m., gold, (ext. in 1880 at 5 p. ct).
do
5th mort., ext. in 1888 at 4 p. c, gold.
Erie R'y. 1st m.. Buffalo Br., Hornellsv. to Attica
c
Long Dock Co., 1st mortgage
do.
Con.M., g., ($7,500,000) red. at HO.c*
Erie R'y 1st consolidated mort., gold, $ A *
o*
N. Y. Lake Erie A West, tunned coupon bonds
c"
do
do
1st lien bonds, g
do
do
2d con. A fund. cp. bds.c*
do
do
income bonds (non-cam.)
do
do
f d. cp.bds (red.105 A int. )
Collateral Trust bonds, gold, 8. f. drawn at 110.
Car trust bonds, ser. C to G, incl., part pd. every yr
N. Y. Car., trust, '88, series A, (guar, by D. A H.)
.
. .
Newburg AN.
Y., 1st
mort,
ext'.tin
1889
c*
E. T. <t Massachusetts 1st mort. (for $2,750,000)..
W.T. <t N. England Stock ($20,000.000 authorized)
Preferred stock, 7 per cent cumulative.
c*
1st mortgage ($6,000,000 are 7s)
2d M. part scaled ($4,002,000 are 6s)
c*r
Mort. notes A con't liab.,$l 00.000. due Septl.'89.
,
93
INVESTORS' SUPPLEMENT.
|
Vol.
XL1X
EAILKOAD STOCKS AND BONDS.
September, 1889.]
97
Subscribers will confer a great favor by giving Immediate notice of aur error discovered In these Tables.
DESCRIPTION.
1
Miles
For explanation of column headings, Ac., see notes
on first page of tables.
N.T.d New Eng.tCont.) Boston Terminal bonds
IstM. on Rockvllle RR. for $100,000
few York New Haven <* Hartford Stook
r
1st Mortgage bonds, (for $5.000,000)
Harlem A Portchester, leased, 1st mort. guar. .o*r
2d M., eoup. or reg., guar
do
do
Northern 1st mort., gold
2d mort., gold, (income till Deo., 1891)
Ontario & West. Stock ($11,000 is
2f. F. <t
Mew York
c
pref.).
1st M.. gold, for $4,000,000 (redeemable at 110) o
Oonsol. M. ($10,000,000) gold, red. at 105in'99o'
New York Penn. it Ohio Prior lien.gold, $ * *...c
c*
1st mort., gold (no foreclosure till 1895,) $ A
c*
2d mortgage, incomes, $ &
3d mortgage, incomes, $ &
c*
Equip, trust bonds, s. f. 3 p. c, cum. (dr'n at 100)
Deferred int. warrants, conv. into 1st M. bonds
.
New Castle A Shenango Valley,
1st M., int. guar
c
Sharon (leased) 1st mort.. gold
W. Y. Phila. <t Norfolk 1st A., g.. $16,500 p. m..c*
Ino ome M., non cumulative, $ 10,000 per mile. .r
.
Y. Prov. <t .Boston (Stonington) Stock...
c*
First mortgage. Providence to Stonington
c*
1st mortgage (Stonington to New London)
K.YdRockaway Beach 1st M..g.,eni'sedby L.I.C*
r
Income bonds, non-cumulative
IT Y. Susqueh.it Western 1st M.,g.,MId. of N.J...C*
1st M., Paterson Exten., 1 m., and r'l est. gold.c*
First mort., refunding, gold (2d M. on 73 miles). o*
New 2d M. ($1,000,000 gold). 3d M. on 73 miles.c*
N. Y. Tex <t Mex.lat M. g., $ or
gu. by So. Pace*
X iagara Bridge it Canan'd Stk, 6?Srent.,N.Y. Cent.
c*
Norfolk Southern 1st mortgage, gold
JT.
.
,
Date
98
INVESTORS'
SUPPLEMENT.
zuz,
[Voi.
Subscriber* will confer a (real favoi by glvlnc Immedlale uotlre of any error discovered In these Table*.
Bond* Prinol
DESCRIPTION.
INTEREST OR DIVIDENDS.
Date Size, or
pal. When Dne,
Amount Rate
Par
of
Tor explanation of column headings, Ac, see notes of
per When Where Payable, and by Stocks Last
Road. Bonds Value. Outstanding
Cent.
on first page of tables.
Whom.
Dividend.
Payable
I
Xorfolk South. C'oit. 2dM.deb,s.f.l'n prior to lnco
c*
2<1 mortgage, Income (not cumulative)
Funded Int. bonds ($270,000 secured by coup's)c'
Common
stock
Wetttrn.
Xorfolk
Preferred (6 per cent) stock,
rfolk to Bristol. 408 m.A brs.20 m.g. .0
Gen. M. .Norfolk
o*
1st M.,gold. on NewRiv.dtv
A
Ext.
m., gold, ($8,000,000 author'd).o'
Improv.
Adjustment M., g. (red'blc after Oct.'94 at 110I.C
1st M. Clinoh Valley Dlv., gold. $17,000 p. m..o
Equip. b'ds,10 20s, s.f. 3%,<lm at 100 aft. May/OS
Car trust
Oonv'ble debent'res (rod'ble on 30 days' notice). o
Non'k A Petersb'g 2d M., Nor. toPet'sb'g. 81m.c
South Bide 1st pref. con.M.($290,000 extendedjo
2d mortgage, gold, Petersburg $^70,500 ext'd.c
3d mort., Petersburg to Lynchb'gAbr.,133 m.o
c
Enlarged m. (extended In '84)
4th M., Lynchb'gto Bristol A branch, 214 in. .c
A
O
6
till
Rich.
1901,
Xo.Carolina Stock, %
Xorth Pacific Coast 1st and 2d M. (1st M. sink, fd.)
Xo. Penn.- -Stock, 8 % guar. 990 yrs., Phil. <fc Read
2d mort gage
General mortgage bonds
r
Bonds secured by $1,200,000 stock
Stock
Xortficttstern {8.
e
1st mortgage, provided for by consol mort.
c
2d mortgage, provided for by consol mort
<
O
Consol. mort., gold (for $1,836,000)
Xorthern (Col.) 1st M.,int.guar..($6,300,O00),gold.
Amador Branch 1st mort., gold, sinking fund....
Sacramen. A Placer. 1st M. s. f. $20,000 not drn
74
74
1881
1881
ism
554
554
428
126
554
554
115
1881
1889
1883
18S4
1887
1888
* 1,000
1,000
300
100
100
1.000
1.000
1,000
1,000
1,000
1,000
Vnr's
81
133
133
133
214
214
223
76
88
56
1884
1S68
1868
1868
1868
1851
1866
'500
1,000
1,000
100 Ac.
100 Ac
1,000
1,000
100
1881
"50
500 Ac
1881
140
102
102
1869
1869
883
1877
1877
1
149
27
48
1877
50
500
500
1,000
1,000
1,000
1,000
This was the New York A Oswego Midland. Main line was opened
July, 1871. Default was made In 1873. The main line was sold In foreclosure Nov. 14, 1879. Present company organized January 22, 1880.
In 1889 the consol. mortgage (Mercantile Trust Co., Trustee) for $10,000,000 was authorized $4,400,000 to be reserved for prior bonds, the
remainder for Improvements and the extension to Scranton. They
cover the entire road and branches, and $1,400,000 Ont. Car. A Scranton RR. bends and $1,495,000 stock are deposited with the trustee of
this mortgage. See ciicular in full in V. 48, p. iv adv. and V. 48, p. 326;
also abstract of the mortgage In V. 49, p. 238. Guarantees principal
and Interest $75,000 Wharton Valley RR. first mort 5s (M. A N.) due
1918.
Dividend of 12 per cent on pref. 6tock was paid in 1883 none since.
From Oct. 1. 1888, to July 31,1889 (10 mos.), gross earns.were $1,402,6t3, against $1,328,240 in 1887-88; net, $175,758, against$163,006.
In the year ending Sept. 30,1888, gross earnings were $1,(83,697;
net, $255,479; surplus over interest, etc., $50,263. In 1886-87 gross.
$1,480,564; net, $245,609; surplus over interest, Ac, $72,816. See
annual report for 1887-88 In V. 48, p. 99.
(V. 46, p. 75, 255, 610, 678; V. 47, p. 188, 664; V. 48, p. 99, 159, 222,
251, 260, 292, 326, 462, 662; V. 49, p. 236, 269.)
;
A.
6
345.000
7,000,000
22,000.000
7.109,000
2,000.000
5,000,000
6
Yearly.
Yearly. N.Y., Mercantile Tr. Co,
$250,000
1,500,000
2,500.000
1,600,000
O.
"i
A N.
A O.
F.
A A.
eg.
Q. M.
l- M.A 8.
8 g. J. AD.
M'uthly
"T J.
A J.
A
8
2 K
M.
-
A.
919,308
525,000
496.000
399,000 5,6 48
326.800 5 g.A 6 g.
452.800
6
985,000
5
8
1,000,000
8
4,000,000
1.090,000
8*
4,742,950
7
1,500,000
7
4,500,000
6
1,200,000
8
900,000
820,000
8
322.000
8
694,000
5 g
4,464,000
g
f
6 g.
675,000
1,404,000
6g.
'
'
Oct.
do
do
do
do
do
do
do
do
do
do
do
do
do
*
*
A
A
8.
N.
m!'a
N
J.
J.
S.
M.
J.
M.
M.
J.
I.
J.
J.
A
A
A
A
tV
A
A
A
A
do
do
do
do
do
do
do
do
do
do
do
do
do
1921
do
do
do
June
June
1,
1,
A
A
1890
1890
1900
1900
Men. 1, 1900
1, 1889
Nov. 1. 1901
Aug. 24, 1889
May 1, 1898
Jan. 1, 1903
Sept. 1, 1905
July 1, 1889
Sept
St.
do
do
Sept. 1, 18fc9
Sept. 1. 1899
PatonACo. Jan.
N.Y.,So.Pac.Co.,23Br'd
do
do
1933
1934
1924
1957
1908
Jan.l. '96-1900
June 30, 1900
Charleston, Office.
do
do
1.
1,
1,
Jan. 15, 1894
July 1, 1893
do
do
do
N. Y.,John
April
Feb.
Dec.
Various.
Bnrllngton, N. C.
San Francisco.
Phlla.Of.,240 8o. 3d
8.
8.
J.
J.
J.
J.
1970
A
1920
Phil., 333 Walnut St.
Apr. 25,1889
N.Y.Ccnt. Tr.Co.APhil. May 1, 1931
A:
.V
1921
1,
1,
Jan.
do
do
Jan.
Jan.
Jan,
1,
1,
1,
1,
1938
1907
1907
1907
the Midland of New Jersey was organized. The New York Susquehanna
A Western was a consolidation in June, 1881, of the Midland of New
Jersey and other railroads. Stock common is $13,000,000; preferrsd
(cumulative 6 per cent), $8,000,000; par, $100. The New Jersey Midland junior securities were exchangeable into stock of this company
on certain terms, and the exchanges up to Jan. 1, 1889, left $1,375,731
of the old stock, income bonds and scrip not yet exchanged. There are
also $6,000 old lsts of 1911 and $93,500 deben. of 1897 outstanding.
Annual report for 1888 was in V. 48, p. 324.
INCOME ACCOUNT.
1885.
s
Gross earnings
Net earnings
1,092,355
504,914
Other income
Total.
Ditburtements
Interest on bonds
Rentals
Onto. Owns from Salamanca! Car trust
branches to Oil City, 34 miles' Taxes
New York Pennsylvania &
A
8
1.000,000
..
1887.
1888.
s
$
$
504,914
535,802
660,206
619,738
*322,095
327,765
29,500
155,919
34.493
441,120
26,494
411,120
26,497
00
25,(
obligations
1886.
1,129,411 1,395,186 1,445,900
633,017
623,910
491,779
27,159
44,023
25,828
92,352
30,079
35,455
28,600
Miscellaneous
2,541
2,099
Leased lines
Cleve. A Malum. Val. RR. and branches, 125 miles Sharon RR. (till
Total disbursements.
547,677
505,610
498,318
469,526
Aim
and
Pa.
to
Sharon
June,
1981
rental
brs.,
April,
$35,181,
Sharon,
sur. 35,388 df. 11,875 su.154,596 su.151,420
19 m.; New Castle A Sheuango Valley, New Castle to Sharon and Clev. Balance
'
A Malum. Val. RRs., and branches, 22 miles; total operated, 600 miles.
Half interest only paid on N. Y. Sus. A W. firsts and debentures.
Formerly Atlantic A Great Western Railway. Bold July 1. 1871, and -(V. 46, p. 134, 198,256; V. 48, p. 38, 324,327, 764.)
again sold Jan. 6, 1880, reorganized, and again leased to Erie.
New York Texas A; Mexican.- Owns from Rosenberg to
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during three years. Victoria, 92 miles. Stock, $643,040; par $100. There are also $75,500
6s
outstanding. In September, 1885, sold to So. Devel. Co. and is operThe first mortgage bonds bear 7 per cent, whatever portion of this that
by the 8o. Pacific Co., which guarantees the 4 per cent bonds.
may not be earned to be payable in deferred warrants, to be capitalized ated
From
Jan. 1 to July 31, in 1889 (7 mos.), gross earnings were $79,053,
In bonds of the same class payment of interest to become absolute not
in 1888; deficit, $26,343, against def. $37,746. In 1887
later than July 1, 1895, and until July 1, 1895, the right to foreclose against $62,448
the mortgage is suspended. On the second and third mortgages there gross. $170,526;' net $22,107. In 1888 gross, $146,527; deficit, $32,883.
is no right to sue the company or to foreclose.
Stock is pref. $10,000,Niagara Bridge A Canandalgua, Owns from Canandaigua to
000; com., $34,999,350; par $50; the deferred warrants Sept. 30, '88, Suspension Bridge, N. Y., and branch, 100 miles. The road is leased In
above
secured
on
were $9,439,760. Bonds
are also
leasehold estates,
perpetuity to the New York Central A Hudson at $60,000 per annum,
A lease to N. Y. Lake Erie A Western from May 1, 1883, was modi- with right of lessee to commute by payment of a gross sum of $1,000,000.
of
all
fied from April 1, 1887. The rental is 32 per cent
gross earnings
the Elizabeth City A NorfolkNorfolk Southern.
unto $6,000,000, and increased by 1-10 of 1 per cent on each $100,- Name changed Feb. 1, 1883.Formerly
Owns Berkely, Va.. to Edenton, N. C, and
100 Of gross earnings above $6, 000. 000 until the gross earnings ate branch, 81 miles. Capital stock, $1,000,000;
$100. The holders
$7,250,000, and then 33*0 per eent of all earnings. But if 32 per cent of 1st mort. and debenture bonds funded their par,
interest for five years,
of the gross earnings should ever be less than a speolfled minimum sum Sept. and Oct., 1884, to March and April, 1889, respectively, Reof $1 ,757,055 to be paid yearly, then the deficit is to be made up without
organization plan in process, and securities to be deposited with Atinterest out of the excess in any subsequent year.
lantic Trust Co. Foreclosure suit begun in Sept., 1889. Gross earnfor
net,
$1,745,963;
year
ending
Sept.
30,
1888,
$6,377,967;
Earnings
ings in 1888, $297,615; net. $54,538 after $27,000 spent for betterrental to N. Y. P. & O., $2,097,367; surplus of N. Y. P. A O. after all pay- incuts;
gross earnings in 1887, including steamboats, $232,167; net
V. 48, p. 188, $77,233; surplus over all payments, $13,558. (V. 49,'p. 374.)
ments, $63,378. (V. 46, p. 201,320,480; V. 47, p. 22
690; V. 49, p. 83. 174.)
Norfolk tc Western. (Sec Map.) Owns from Norfolk, Va.. to
New York Philadelphia &. Norfolk. Operates from Delmar, Bristol,
408 miles branches Petersburg to City Point. Va., 10 miles;
Del., to Cape Charles, Va., 96 miles, and King's Creek, Md., to Crlatleld, Junction to Saltville, Va.. 10 miles; short branoh- s 2 miles; New River
17 miles; total, 112 miles. Successor of the Peninsula RR. Co. of Va. Division (Radford to Elkhorn, 84 mile?; Cripple Creek Extension, 30
Eas traffic contract till Jan., 1895, with Penn. RR., which Co. sets miles; other, 27 miles) 142 miles; Clinch Villey Division, 24 miles; total
aside 10 per cent gross earnings to purchase first mort. coupons. See
operated Deo. 31, 1888, 594 miles under construction, Clinch Valley
V. 47, p. 807. Capital stock ,$1,714,375; par, $100. In nine monthb Extension, to be completed In 1889.
ending Sept. 30, 1888. gross earnings were $482,533, against $389,607
The Atlantio Mississippi A Ohio RR. Co. was a consolidation of NorIn 1887; net, $135,367, against $73,445. A. J. Cassatt. President, folk A Petersburg, South Side and the Virginia & Tennessee roads it was
Philadelphia. (V. 46, p. 228; V. 47, p. 170, 802; V. 48, p. 569.)
foreclosed Feb. 10, 1881, and was reorganized as the Norfolk A Western.
also pays 6 per cent on $51,100 pref. stock (par $100) of
New Yorlt Providence 4c Boston, Owns from Providence, R* Va.Company
A Tenn. RR.
Pawtuxet
I., to Groton, Conn., 62 miles; branches, 18 miles; leases
Abstract of Clinch Valley mortgage (Fidelity Ins. Trust A Safe D. Co,
branch road, 6 miles; Pror. A. Worcester RR., Providence to Worceswas in Chronicle in V. 45, p. 541.
ter and btanohes. 51 miles; total operated, 131 miles. In 1888 arranged of Phila., Trustee.)
The Equipment mortgage of 1888 (trustee Girard Life Ins. Co. of
to lease Prov. A Wor. RR. for 69 years at 10 per cent per annum on the
lor
Phil
is
)
$5,000,000, and covers all equipment anil rolling stock and
stock and in June, 1889, took possession. Owns a lcalonty interest in
with the proceeds of bonds issued.
the Providence A Stonlngton Steamship Line, which has a capital of all car trust obligations purchased
stock paid 4 per cent In cash In 1882, 3> in sorip in 1864,
Preferred
$1,500,000. Dividends since 1876 have been: In 1877 and 1878, 10 per
in 1888 and l>a cash, April, 1889.
cash
lijln
from
in
and
1879 to 18S5, Inclusive, 8; in 1886, 8>s;
1887. 1884
cent;
The range of stock prices since 1882 have been as follows In 1883,
since, at the rate of 10 per cent per annum. In year ending Sept. 30,
813 7e; in 1886, 8327% in 1887
1888, gross earnings were $1,303,169; net, $298,818, adding 88. divi- 10318; in 1884, 10312*8; inl885,
1889 to Sept. 20, inclusive. H^< 3>19.
dends ($84,334), $383,152; surplus over fixed charges, $300,339. (V. 13323% in 183a, 15^32314 in
Preferred In 1883, 32*49%; In 1884,17342; in 1385, 14334 >s In
45, p. 819, 820; V. 46, p. 134, 573; V. 47, p. 743.)
1886,25359%: in 1887. 34>a355'8; in 1883, 41s5S8; in 1889, to
New York tc Rockaway Beach.
from Glendalc Junction Sept. 20, Inolusive. 47 1s356 12.
to Rockaway Beach, 10% miles; leases trackage Glendale Junction to
From Jan. 1 to July 31 in 1889 (7 months), gross earnings were
Long Island City, 6s miles; Fresh Pond to Bushwiok. 2 >s miles; Wood $2 985,424, against $2,731,201 In 1888
net, $1,059,764, against
haven to Brooklyn, 6* miles; Uammlll's to Far Rockaway, 3 >s miles;
_ .
total operated, 29% miles. Stock is $1,000,000; par$lf.O. Controlled $1,058,001.
The annual report for 1888 was published in the Chronicle, V. 48,
by L. I. BR. Co., whose endorsement is printed on first irortcage p. 488, 490, and the affairs of the company, its progress, status, Ac,
bonds. (Formerly N. Y. Woodhaven A Rockaway). In year ending Sept. are there set forth at length in the President's report. The earnings
30, 1888, gross earnings were $188,285; net in< oine, $44,962
siuplus and expenses
for four years were
V
over Interest and discounts, $3,758. (V. 46, p. 572, 856; V. 47, p. 3k3).
1888.
1886.
1887.
1885.
594
554
New York Susquehanna dc Western. (See Map.) -Jersey City Miles ow'd Aoper'd.
510
533
to Gravel Place, Penn., 101 miles; Two Bridges, N. J., to Unionville, N.Y.,
.
Operations
. ,
3.i.38o,815
21 miles; other branohes, 12 miles; leases Unlonyille, N.Y., to Middle- Passenger mileage.. 19,151,534 19,580,000 26,703.579
2-833 cte.
3-041 CM.
3-122 cts.
3-027 ets.
town. N.Y., 14m.; Penn. RR. trackage, 3m.; small branches, 6m.; total, ItitererpasB.p'r'm.
157 miles.
Freight (tons) ml'ge.295,788,872 403,003,908 541,917,915 669,526,740
0582 ots
0635 ots.
0655 cts.
The New Jersey Midland was sold in foreclosure Feb. 21, 1880, and Rate per ton perm.
0-741 cts.
H. Y., to Dayton, O., 388 miles;
total owned, 434 miles.
other branches, 12 miles
;
;
;
;
;
;
;
:
;
;
;
;
Owm
;
;
:
.
Si'::
mbei,
1839.]
KAILKOAD STOCKS AND BONDS.
99
INVESTORS'
SUPPLEMENT
Voi.
XL1X,
Septtmber,
1839.1
RAILROAD STOCKS AND BONDS.
101
confer a great favor by giving Immediate notice of any error discovered In these Table*.
INTEREST OR iDIVIDENDS.
DESCRIPTION.
Subscribers
wUl
For explanation of column headings,
on first page of tables.
&c., see notes
Miles
Date
8ize, or
of
of
Par
Amount
Road. Bonds Value. Outstanding
83
$100 $2,997,300
Northern. N. B. Stock
50
361
7,150,000
Northern Central Stock
138
1,500,000
1st mortgage, State (Maryland) loan
138 1865 500 "&0
1,126,000
o*
2d mortgage
1868
c
138
1,000
2,599,000
Consolidated mortgage, gold
r
138 1868
1,000
205,000
Consolidated mortgage, gold
or $ A A B. .0 138 1874-5
1,000
2,208,000
Cons. gen. M.,g., s.f., d'wn at 100,
138 1876-7 1,000
c
do
do
2,000,000
gold,$C&D
c
138 1885
do
gold, E
do
1,000
1,220,000
e*
138 1876
1,000
2d gen. M., "A" (s.fd $30,000 yearly)
2,730,000
138 1876
c*
"B."
1,000
do
do
1,000,000
9 '67-'70 500 &c.
Union RR.,lst(ass'd> $117,000 end.byBalt.City.c'
900,000
c
9 1873
do
2d mortgage (assumed) $ or
1,000
600,000
21 1887 100 &c.
North, of New Jersey 34 M.,now 1st (for $700,000)c
544,000
100
3,317
Northern Pacific uouiinon stock
49,000,000
100 37,172,577
3,317
Preferred stock (8 p. c, not cumulative)
205 1879 500 Ac.
1st M. and Id gr., Missouri Div dr"n. at par..c\fcr
2,130,000
lttM and Id gr.,P. d'Or. Dlv., dr'nat par..o*&r 225 1879
1,000
2,943,000
Gen IstM Id gr ,g.,$25,000p.m.,dr.atll0..c**r 2,136 1881 1.000&C 46,673,000
All
c*&r
1883 l.OOO&o 19,910.000
Gen. 2d M., g 1. gr.,.f.,dr. at 110
All
1887
1,000
Gen. 3d M. s. f.,notdrn..g.(for$12,000,000).c*4r
10,997,000
1888 500 &o.
Dividend certificates, ext'd in '88, red. after '92..
935,500
"64 1886
c*
Jas. Biv. Val. RR. 1st M., gold, guar., s. 1
1,000
963,000
500
o*
33 1886
Coeur d'Alene, 1st mortgage, gold
360,000
1888
Gen. M.. $25,000 p. m., g gu., s.f., dr'n at 105.t*
1,000
627,000
c*
i'oi
1886
1,000
Spokane & Palouse, 1st M., gold, guar., s. f
1,557,000
Duluth & Manitoba, 1st M., gold, guar., s. f
c*
110 1886
1,000
1.650,000
do
96 1887
do Dakota ex., 1st M.,g., guar., s.f.
1,000
1,451,000
Helena & Red Mountain, 1st >!., gd., guar., s. f..c*
17 1887
1,000
400,000
No. Pac. La Moure & Mo. R., 1st M.,g.,guar.,s.f.c*
21
1*87
1,000 In treasury.
No. Pac. & Montana.lst M.,g.,gu.,s.i.notd'rnc*&r 125 1888 l.OOO&o
3,131,000
Cent. Wash. RR.. 1st M., g., gu., s.f.. d'rn 105.c'&r
42 188S l.OOO&c
830,000
Northern Pae. Ter. Co. 1st M.,g. drn aft.'92 at 110. C
1883
1,000
3,000,000
,
Rate per
Cent.
102
SUPPLEMENT.
INTESTOIIS'
[Vol.
XL1X.
Subscribers will confer a great fivor by giving Immediate notice of any error dlacorered In theee Table*.
Bond PrinclINTEREST OR DIVIDENDS.
DE8CRIPTION.
Date Size, or
pal, When Dne.
Amount Bate
When
Par
Where
and
titoc
Of
l.ajit
of
notes
see
by
of
column
Ac,
pa
Payable,
headings,
explanation
Whom.
Cent.
Dividend
Road. lioiult. Value. Outstanding
on first page of tables.
Payable
/.
45
66
66
VorlJiicesl <t Florida 1st M., $12,000 per iulle. ..c'
rental
tfrnrnneh * Worcester Pmt. stock. 8
let fct, principal A Int. guar, by N. Y. 1X.E.. .c
<t
Lake
Jtorfetubury
Onamplain Sinking t'd bonds
%
.
Mortgage
_
jrtgage Donds (redeemable July, 1890)
il8
118
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
Bonds
Wiio IncL * W.-Ind. Bl. A W., 1st M. pref
O. I. A. w.istM. ($500,000 are pref. bonds)
2d mortgage, gold
1st A 2d M., int. cert, drawn at 1 00.
.
g...c*
0*
.
* Mississippi
(
C
di
Bonds
Bonds for Framlncham A Lowell bonds
Bands not mort. ($750,000 '84, dne July,
202
342
342
342
623
$1,000
100
1,000
1871
1877
1SS0
IS so
500 to.
100 Ac.
lOOAc.
1879
lsss
lsss
1888
500 Ac
500 Ac.
50 Ac
100
393
393
393
222
ioi
103
169
209
132
132
1868
1868
1871
1874
1887
1886
1886
1886
1887
1881
1881
1889
200
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
564
1874
75-6-7
1882
is 84
'S4-'8S
1904).
"85, 153>31>4;
""89 to
58>s78 7
1,000
1,000
1,000
1.000
1,000
Sept 20,
lncl
,
Lands. The land grant of the oompany was 12,800 acres per mile in
States and 25,600 acres per mile in territories, and the lands earned by
'Construction to June 30, 1888, were estimated to be about 46,824,960
The lands
'area, of which about 40,293,225 remained unsold.
ast of Bismarck (Minn, and Dak. Divs.) are pledged to the preThe
in
therefor.
that
stock
Is
received
and
ferred stock,
payment
jim f ill mortgage bonds cover all the other lands, th/ divisional mortIn
divisions
liens
on
their
Feb., 1889, a
respective
gagee having prior
contract with the Minnesota A Dakota Land Co. wts announced, the
of
River at $2
east
Missouri
Land Co. to purchase 1,650,000 acres
<per acre and Nor. Pac. stockholders to have privilege of subscribing to
Xhe company's debentures at 95.
Forthe fiscal year 1887-81and sales were392,256acres for $1,380,867.
Total sales, Including town lots, etc, were $1,591,376; net receipts
tor the year, $936,443.
From July 1, 1889, to July 31, 1889 (1 month), gross earnings were
1,925,394, against $1,603,584 In 1888; net, $782,930, against
9666,183.
Oroes earnings in 1888-9 $19,707,468; net, $7,843,927.
Fiscal year ends June 30. Preliminary report for 1888-89 was in V.
49, p. 159. Reports for 1888 and previous years showed the following:
ii
Mileage June 30
Setrmngs
Passenger
1884-85.
2,668
1885-86.
2,808
$
$
3,075,882
7,440,266
712,001
2,897,218
Veight
Mall, express, Ac...
Total
Operating expenses
Vet earnings
ar
ct.
exp. to earn's
Receipts
Metearnings
Vtoui lnvestm'ts, Ac.
Total
Disburtcmcnts
uterest on bonds...
Mentals
^Jmarantees
Waking funds
Miscellaneous
Total
Malanee, surplus
1886-87.
3,102
643,695
11,234,149
6,196,301
11,730,527
6,156,261
12,789,447
7,173,020
15,846,328
9,266,384
5,037,848
55-16
5,574,263
52-48
5,616,427
5609
INCOME ACCOUNT.
1886-87.
1884-85.
1885-86.
8
$
$
5,037,848
193,222
5,574,263
315,835
5,616,427
474,366
5,231,070
5,890,098
6,090,793
7,127,981
$4,123,949 $4,339,094 $1,456,536
581,144
670,748
752,757
352,154
673.S50
696,650
50,376
55,633
112,698
31,488
6,445
39,774
$4,703,955
782,359
881,072
6,025,086
65,707
7
SI*
I*
"6"
7
?*
7
6
6
5
8.
B.
J.
J.
J.
J.
A
do
do
do
do
O.
O.
O.
July
1938
5, 1889
March 1, 1897
Mar., 1890
July, 1897
April 1, 1920
April.
April,
J.
J. N.Y., Ciirlnii
Q.-J.
Q.-J.
A.
Boston, 2d National Bk.
Boston, N. E. Trust Co.
Boston, Office.
1920
1920
B'nk'g Co. Jan. 1, 1900
January, 1889, last paid April 1,1938
October, 1888, lsst paid April 1, 1938
do
do
April 1,1938
"a"d. N. Y., Union Trust Co.
June
1,
1932
do
do
Jan. 1, 1898
A J.
London.
Jan. 1. 1898
A J
A. A O. N. Y. Union Trust Co.
April 1, 1911
N.
do
do
Nov. 1, 1905
M. A
A. A O. d.Y. Kidder .Peab'y A Co Oot. 1, 1897
In default.
J. A J.
July 1, 1936
None paid.
A. A
April 1, 1926
June 1, 1936
J. A D. N. Y. Central Trust Co
do
do
A. A 0.
April 1, 1937
J. AD N.Y., Corbln Bank'g Co. June 1, 1921
June 1, 1921
J. A D.
M A N.
May 1, 1921
J. A J
Boston, Office.
July 1, 1889
March 1, 1894
M. A 8.
do
do
1896-6-7
Various
do
Dec. 1, 1897
J. A D
A. A O.
do
April 1, 1904
1904 A 1938
do
J. A J.
Terminal Co. Owns terminal facilities on
it,
? g
-
7
6
4ij
4>s
4
Northwest A Florida. Owns
The Montg. A Fla.
from Montgomery, Ala* to
railroad was sold July 12, 1888,
and this company formed ; there are also $300,000 4 per oent income
bonds at $6,000 a mile. Stock, $612,000. A contract of sale has
been made of this property to the Ala. Midland RR., first payment and
possession to take place in July, 1889. It is supposed to be in the
Sav. Fla. & Western interest. (V. 47, p. 50, 109, 2a5, 532.)
Luzerne, 50 miles.
Norwich A "Worcester. Owns from Norwich, Conn., to Wor59 miles; branch: Norwich to Allyn's Point, 7 miles;
Leased to N. Y. A New England RR. for 100 years from
cester, Mass..
total, 66 miles.
Feb. 1, 1869; rental is 8 per cent on stock, all of which Is preferred.
In 1886-87 gross reoeipts, $781,979; net, $293,108; payments for
rentals, $40,220; interest. $27,165; surplus over 8 ptr oent dividends,
$17,900.
A
Lake ('hani plain. Owns from Rouse's Point,
Ogdensburg
N. Y., to Ogdensburg, N. Y., 118 miles. On June 1, 1886, a perpetual
lease of this road was made to the Centra) Vermont RR. Co., the lessee
to pay interest on the bonds. Stock $3,077,000 com.; par, $100.
From Oct. 1, 1888, to June 30, 1889, groBS earnings were $478,475,
against $492,231 in 18 17-8; net, $170,764, Bgainst $176,268; surplus
over charges, $7,487, against deficit of $9,031.
In year ending March 31, 1838, gross earnings were $727,5 12; net,
$235,412; surp. over Int. charge, $15.5 19. In 1883-9, gross earnings,
$714,954; net, $241,097; surplus over charges, $5,479. (V. 47, p. 188,
664 ; V. 48, p. 222 V. 49, p. 207.)
;
A
A
Ohio
Mississippi. This company owns a direct line from
Cincinnati, Ohio, to East St. Louis, 111.. 338 miles; Louisville branch.
North Vernon to Jefferson vllle, Ind., 53 miles; the Springfield DiviShawneetown, 111.. 225 miles; New Alsion, Beardstown to
miles; total, 623 miles.
bany & Eastern, Watson to Now Albany, Ind., 7 in
foreclosure and the
The Eastern and Western divisions were sold
Ohio
Mississippi Co. formed by consolidation Nov. 21, 1867.
The terms of preference in the pref. stock certificates were given In the
Supplement of May 25, 1889. and previous Issues. The proposed adjustment with holders of pref. stock gives them $1,000 In a 4 per oent
hond (4 1a percent after 1899) and $1,000 in common stock for each
$1,000 of old pref. stock with all acorued claims. It is also proposed to
issue a new general mortgage at 5 per cent.
A
C
is
reserved o exchange
Hines. of Ind., and Union Trust
Cyrus
for old bonds as they mature.
Co., of N. v. are mortgage trustees.
Sinking fund amounted June 30, 1888, to $256,196, and floating debt
to $821,357, against which were accounts due, materials, etc.. of
$281,846.
224,091*
17,813
6,609,294
518,687
,Y. 48. p. 37, 70, 222. 261, 326, 372, 428, 527, 556, 590, 689, 764,
V. 49, p. 158, 235,301,341,373.)
"9,855;
6
4
J.
Of the new general mortgage $12,251,000
$
5,778,399
111,199
6
6
O.
;
$
4,577,898
10,426,244
842,186
6,189,111
91.959
8
.\
Western. Owns from Indianapolis, Ind., to
Ohio Indiana
Pekin, 111., 20:4 miles, and Indianapolis to Springtleld, Ohio, 142 miles.
Leases, Pekin to Peoria, 9 miles. Total operated, 353 miles. The former
Indianapolis Bloomington A Western road was sold in foreclosure Oot.
30, 1878, and on March 28, 1887, again sold and reorganized as at
present. The Cleve. Cin. Chic. &. St. Louis will "take over" the road,
but terms not yet (Sept. 23) made public
Of the 1st mort. bonds for $3,500,000, $500,000 are preferred and
$1,000,000 are resei ved to retire the I. B. A W. bonds at maturity and
$500,000 for future improvements. Under both v ortgages were issued
"accrued interest certificates" for overdue coupons of Ind.B.A W., having
a lien next to each Issue of bonds respectively, and with the provision
that all surplus earnings in each year over interest, etc., shall go to retire them, drawn by lot. Trustee of both 1st and 2d mortgages is the
Central Trust Co. (See mortgage abstracts, Chronicle, V. 47. p. 201.)
Pref. stock is $3,325,000, 5 per oent, not cumulative. Common stook,
$10,000,000.
In 1888 gross earnings were $1,495,315; net, $343,096; deficit under
1887-88. fixed charges, $129,35.-(V. 47, p. 142, 147, 188, 201, 383, 591, 803
V. 48, p. 428; V. 49,Jp. 235,269.)
3,33
3,269,703
8,730,547
789,197
8,18(),'il4
M.
the Willamette River, Oregon, at Portland, East Portland and Alblna,
comprising lands 270 acres, trackage 24 miles, buildings 39, dock
frontage ,',904 feet. They are leased for fifty years from Jan. 1, 1883,
jointly and severally to the Nor. Pac. RR., the Oregon Ry. A Nav. Co.
and the Oregon A Cal. RR., with a guaranteed rental sufficient to pay
Interest, sinking fund and taxes. The sinking fund begins in 1893 and
is to be sufficient to retire the bonds by maturity, bonds being
drawn at 1 10 and interest. The stock of $3,000,000 is owned by said
three companies (40 per cent by Ore. Railway A Navigation Co., 40 per
cent by Northern Pacific and 20 per cent by Oregon A California RR.),
and held by Central Trust Co. of New York, to be delivered after payments to the sinking fund which Is to cancel the bonds.
829%
25* 363s.
J.
Northern Pacific
2036
Common
32Si51;ln
A.
4
6
1.960,000
11,966,800
1,692,000
3,600,000
200.000
498.000
2.563,500
stock: La '80,
;
8.
lncl,.
'82. 2834543g; In '83, 23 1s53ie; In 84. 14*27; In
in
In '86, 22313s; in '87, 20334=8; In '88, 19 7
;
'64: In '89 to Sept. 20,
"SI,
24,093,570
3,749,000
6,501,000
112,000
3,471,000
2,009,000
404.000
950,000
517,000
2,000,000
2,380,000
2,100,000
2,100,000
A
A
M. A
J. A
A. A
A. A
J. A
J. A
5
854,16.i
1.000
1.000
ttons In Territories. The road opened, 450 miles, to Bismarck, was foreclosed August 12, 1875, and reorganized Sept. 29, 1875.
Stocks and Bonds. The preferred stock has a preference for 8 per cent
Vb each year If earned, but is not cumulative. The common stock then
takes 8 per cent, and after that both share alike. The pref. stock olalm on
et Income Is subject to expenditures for new equipment. Pref. stock Is
Veoetved in payment for company's lands east of Missouri River at par,
nd the proceeds of the lands sold go to the retirement of preferred stock.
Dividend of 11*1 p. ct. was paid on pref. stock In 1883; none since.
Of the stock $6,233,000 pref. and $14,075,100 of eom. In Oct.,
1887, was held by the "Ore. A Trans-Con. Co."
Of the outstanding debt June 30, 1889, $1,366,000 was held by the
trustee of the sinking fund, $1,130,000 being in general 1st mort. bonds.
The general first mortgage bonds are a first lien on the mam line and
on the lands, except as to that part subject to the two divisional mortarages and that east of the Missouri River which Is subject to the pre
iferred stock. Central Trust Co. of N. Y. Is trustee. The bonds are received
in pay ment for lands at 110 and Interest, and proceeds of land sold must
be applied to redemption of these bonds at a price not exceeding 110 and
Interest. Sinking fund of one per cent per annum of the total amount
-of bonds issued (the proceeds of land sales being Included as part of
She one per cent) began In 1886, and the bonds may be drawn at 110,
-After 1888 a similar sinking fund begins for the 2d mortgage bonds.
The 3d mort. for $12,000,000 was authorized Nov., 1887 (see abstract
"V. 47, p. 22); an accumulating sink, fund begins in 1894 equal to 1 %
of entire Issue yearly for purchase of bonds at 105 p. c, or for their redemption at maturity. The proceeds of land sales are applied to redemption of the divisional bonds of 1879 at par, and In addition each
tissue has a sinking fund of 1 per cent yearly, bonds being drawn at 100.
.uL A Man. andDul. A Man. Exten. bonds; (see abstract, V. 45, p. 273.)
The plan for an Issue of $160,000,000 blanket moitgage was In the
"Chronicle V. 49, p. 373.
Prices of preferred stock since '79 have been: In '80, SO^a^Lj: In
"81, 64eS88ie; In '82, 66%al003e; In '83, 49%90s; in '84, 37>457i>8:
In '85, 36H!6538; In '86, 53>a66>; in '87, 41383631* in '83, 42%
tn
600,000
2,604,400
400,000
880,000
600,000
2,529,650
999,750
350,000
1.000,000
7,000,000
2,000,000
1.000
l.ooo
1883
r
o
do
1877
Is 83
r
cAr
Stock ($4,030,000 Is pref.)
c*
1st general mortgage (for $16,000,000)
o*
1st consolidated niort. ($3,445,000 are s. f.)
c*
Consolidated mortgage, Bterllng, s. f
3d cone. mort.,(cum. sink, fund.), no drawing. .c*
prlng. Dlv. (8p. A IU. S.E.) 1st M. $3,000,000) .0*
Equipment Tr., 10 per ct. drawn yearly at 100. c*
KUkio d Northwestern 1st mort., $12,000 per mile
2d mort., $7,000 per mile, for $1,200,000
Oato iJiro 1st mort., gold ($12,000 per inile....i
Oen'l M., gold (for $3,000,000), 1st on 40 mllee.c*
Me Southern 1st mort. ($16,000 p. m.) gold....o*
2d mort., Income, non-cum. ($15,000 p. m.) g...o
Mort., gold (for $2,800,000)
*
Taltei/, Ku.Oen. consul. M. ($20,000 p. m.)o'
Oolony Stock, $15,000,000
cAr
Bonds (not mortgage)
do
Bonds
($2,000,000 F. A A.,Aug.'97).cAr
fthio
1888
Pref. -in '83, 96112>; In '84. 4590; in '85. 7178; In '80. 7991;
u 0iz84; in 1889 to Sept. 20, lncl., 83i90.
In '87, 75993; in '83
In 1888-9 gross earnings were $3,935,168; net, $1,214,574.
From July 1. 1889, to July 31, 1889 (1 mo.) gross earns. were$311,078, agaicst $275,591 in 1888; net, $78,706, against $49,917.
Fiscal year ends June 30 report for 1887-88 In V. 47, p. 472.
;
Feptember,
1889.]
PAILEOAD STOCKS AND BONDS.
103T.
101
INVESTORS' SUPPLEMENT.
Snfeacrlbers will confer a crest Ikfor by giving
DESCRIPTION.
:
explanation of column headings, Ac, see notes
on
Wl
Colony
Kost. Clin.
(
first
page of
tables.
OotUinued)
A Fltclib. and M.& F.RR. uiort.
bonds-o
66
58
125
o*
145
153
475
Kew Bedford RR. 1st mortgage
o
Bost. Clin. F. * N. B. mort. bonds
Omaha Dodge City <e So. 1st M. ($20,000 p. m.).c*
Omaha
<t
St.
Louis
1st M., gold.
Vrange Belt lt M., g.,$5,CH>0 p. m.. red. alter 1992
Oregon* Col. 1st M.,g ($30.00) p.m. )dr'n at lOO.e*
Oregon Pat 1st M., 1. gr., s.f.,g, 925,000 p. n. r'*r
Oregon Railway it Navigation Stock
1st mort. bonds, gold. sink. fd. (drawn at 100).. o
Oonsol. mortgage, gold, $25,000 per mile
c*r
Oregon Short Line it Utah \orthern Oregon Short Line 1st M., g., Int. guar, by U. P.
Utah
Cent., 1st mort.. gold,
Ogdcn
to Salt
Lake
c
Jtah So. 1st mort. our
Utah So gn. m.. S.Lake to Juab
(far $l,950,000).c
South. Exten., 1st M., Juab to Frisco
o
it Nor.
1st mortgage, $12,000 per mile..c*
Cons. M. guar., $15,000 p. in., s. f., not dr'n, go*
Equipment bonds (l-10th payable yearly)
Salt Lake A Western 1st
I laho Central 1st
Oregomt Trans-Oonl.Tr. b'<ls,g.,(8.f.dr'n at 105. c"
,
Utah
Jtah
M
Votes secured by
Osieego
it
Miles
of
Bead.
Rome
610
36 Hi
105
138
462
466
M
collateral,
1st M. $Ji5,(
lnoome mortgage bonds
extended In 1888.
00 guaranteed
497
.
Convertible bonds, 1.000 years to run
Oswego <t Syracuse Stock, 9 p. ot. guar., D. L. & W.
Oonsol. mortgage (guar. D. X. & W.)
Construction M. guar. prin. A int. (for $1 ,000,000)
Owmsboro it Nashville 1st mortgage, gold
o*
tPaeitlc Short Line 1st mortgage
,
819
819
819
2S>*
"35
"35
88
Date
[Vol.
XL1X.
Immediate notice of any error discovered In these Tables.
t
CO
miiBER,
1889.1
oo
1
RAILROAD SIOCKS AND
BONDS.
105
JOB
INVESTORS' SUPPLEMENT.
[Vol. XLIX.
September,
I860.]
KAILROAD STOCKS AND BONDS.
tor
108
INVESTORS'
SUPPLEMENT.
[Vou ZL1X.
September, 1889
KAILKOAD STOCKS AND BONDS.
]
Subscribers will confer a great favor by giving
DESCRIPTION.
For
Miles
column headings, Ac, see notes
on first page of tables.
explanation of
Panama
Stock
c
Gen. mort., sterl'g
o*
Sinking fund subsidy, gold
rent.N.Y.L.E.AW.
8
4
Paterson Hud.Stx:., p.c. perp.
Pennsylvania Stock
AO
Qer.. M.,$ A
,coup., J. A J.; reg.,A.
Btate lien (pay 'ble in annual inst'lm'ts of $460,000)
Consol. M., coup. J. A D.; reg. Q. M. s. I. not dr'n.
Consol. mortgage, gold
Bonds, (P.W. AB. stock as collat.) s. f not dr'n.. r
Collateral trust loan, gold, (s. f. *s p.c) not dr'n.c*
Penn. Car Trust (in series payable iioth yearly) .
Equip.Tr.(ser."A" to"H," payable one-tentb y'rly
.
Un. Bwys Equip. Trust b'ds, (Sink, fund 5 %) g. c
r
Navy Yard bonds (extended 20 years in '81;
Pennsylvania Company Stock
Bonds, sec. by P.Ft.W.AC. stock (s.f-.dr'n atl05.r
Bonds, g., sec. bypl*ge and guar. (s.f.notdr.).o*.fcr
Pennsylvania t New York 1st M., end. by Leh.V c*
0*
1st mort., endorsed bv Lebigh Val
General M. $ 1 0,000,000 g if. prin. A int. (end.i.r
for
<t
Boat1st
Penn. Pough.
M., g.,
($1,500,000)0*
Penn. Schuylkill Tal. lstM.,Bink.fd.lp.c.(notdwi)).r
Pensacolu < Atlanticc
let m., gold (drawn at 110), guar, by L.
o*
2d mort. (2d on lands)
Land grant bonds
ct.rent'l
C.R.I.
AT.
<t
Bureau
Tal
8
Peoria
Stk.,
p.
Peoria Decatur rf EvansvilU Stock
lit mort., gold (Peoria Div., Pekin to Mattoon). ..
1st mortgage (livansv. Div.), gold
o*
P. D. A E. 2d mortgage, gold
Car Trusts (payable $48,000 per annum)
AN
In
edlate notice of
109
any error discovered In these Tables.
Bonds Prlno*
pal.When Dne.
^
no
INVESTORS' SUPPLEMENT.
[Vol.
XLI
1889. J
September,
RAILROAD STOCKS AND BONDS.
Ill
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
When
DESCRIPTION.
Miles Date
of
of
For explanation of column headings, Ac, see notes
Road. Bonds
on first page of tables.
Pekin Union
c
1st mortgage, gold
Peoria
e
Second mortgage, gold (Issued for incomes)
P.A
K.,g.o*
Perkiomen 1st ft., ser.l(lstl'n). gu. by
1st M., ser. 2 (2d)'n), g.,guar. by P.A E.(end.) .o'
it
Petersburg Stock
Guar. pref. stock, 3 per cent., Hen prior to mortg.
cAr
1st mort. bonds (payable $25,000 yearly)
Mort bonds, class A, $251,000 reserved for IstM.
B
Mortgage bonds, class
Philadelphia it Bait. Central Stock
Gen. M.for $2, 500,000 ($1,100,000 res'd for IstM.)
c*
Westchester & Phila., 1st mortgage
Phila. it Erie Stock, $2,400,000, is pref. special...
1st mort., BunburyA E. (exte'd 20y'rsin '77)..c Ar
Gen. M., g., guar by Pa. RR.($5,263,000 g. 5s) .ctcr
.
do
do
r
lstM.,gu.byPa. RR.r
% rent.,Ph.AR. RR.
Philadelphia Kexctown dt New York Stock
1st mort., guar, by Phila. A Read., coup
Philadelphia it Reading Stock
Mortgage loan, sterling "oupon
do
dollars, coupon
do
convertible, ooupon
Mortgage loans, coupon
Phil. Germ,
Phil. Oenn.
it
it
Chestnut Hill
Norri*l'
Stk. 12
Consol. mort. ($8,162,000 are gold 6s) cp. or reg
Impr't M., g., s. f. di^n at 100. See V. 48, p. 260.
Consol. M, of '82 stamped (payable at notice).. ec*&r
New gen. mort., gold ($100,000,000)
1st pref. income M., not cum. ($24.400,000,
not-oum. ($22.500,000). ...c*
2d pref. income
3d rref. inc. M., not-cum. ($6,631,301 convert.)c*
Deferred income bonds (coming after stock;
c
M
.
20
20
38
38
61
1881
1881
1887
1889
"59
59
59
79
79
27
287
40
287
287
7
29
1869
1881
1881
1857
1869
1869
1883
1,000
100 Ac.
50
1,000
1,000
1,000
1,000
1843
50
50
100 Ac.
50
500
1843-9
1,000
1877
911
327
327
327
327
Outstanding
50
1881
1871
21
21
Amount
1857 500 Ac.
1868
1,000
1871 200 Ac.
1873
1,000
1882 500 Ac.
1888 l.OOO&c
1*88
1,000
1888
1,000
1888
1,<00
$1,495,000
1,499,000
800,000
1,450,000
960,800
323,500
251,000
643,000
800,000
2,495.650
1,000; 000
Bate per
Cent.
6g.
Payable
Q.-F.
4kg. M. A N.
Q.-J.
q.-j.
S*
I*i
8
5
6
"T
7
1,100,000
10,375,000
"7
976,000
13,943,000 5g.A6g.
4 g4,555,000
4k
1,000,000
2,231,900
1,200,000
700,000
39,480,362
967,200
1,499,500
79,000
2,700,000
18,811,000
9,364,000
5,768,452
33,186,214
23,941,247
16.16.%853
18,575,639
7.670,427
119
SUPPLEMENT.
INVESTORS'
Subscribers will roarer a great flavor by giving
DESCRIPTION.
r
explanation of column heading*, Ac, see note*
on
first
PhUa * Reading
page of
tables.
Date
Roud
Bonds
(Con.)
purchase money A real est M.
stock, 10 p.0. rental, Penn. Kit..
do
Piedmont <t Cumberland 1st mort, gold
Pine Creek. 1st mort, guar., prin. and In t
1st oonsol. mort
Pitts. 0. <t St. L.
2d consol. mortgage, held by Penn. RR
1st mort., Steub. A hid., extend. In 1884
OoL A Newark Division 1st mortgage
Holllday's Cove RR. 1st mortgage
1887
1872-4
29
75
199
199
125
33
o*
r
o*r.
c
r
o
c
Pittsb. Olere. J Toledo- 1st M., gold, lnt guar., B. AO.
1st mortgage
Pittsb. 4 Oonnellsville.
1st mortgage Turtle Creek division
Conaol. mort., guar. B. A O. (s. f
7,200 pr. yT.). .
2d oonsol. mortg., gold (pledged for ISA O. bonds) .
Pittsb. Ft. Waune <t Ckie.-Stook, 7 p. c t guar. Pa. Co.
Guaranteed special improvement stock
~.
let mort. (series A to F) > 8
k . n<1,
d CUm " n . C
2d do (series G to M) >
c J<
1
78
149
10
149
149
470
470
468
468
468
.
,
A
[gold]
AB
1878
1880
1887
1886
1 883
1868
1873
1864
1864
1863
1882
1868
1 859
1876
1885
0*
8
1871
1862
1862
1862
1882
each $1 .COO.OOO), g..c
71
71
71
1878
1889
%!L
arswn
(
Pittsburg Junction 1st M., gold
PUttburg 6 Lake Erie Stock
1st mort.. gold, ooup
(8eries
100
50
39
506
Philadelphia Wilmington A Baltimore Stock
Plain bonds, registered
Plain bonds
Plain bonds, s. fd. $16,000 yearly, not drawn
do
s. ftl. $20,000 yearly, not drawn
2d M.
1.000
1,000
1,000
1,000
l.ooo
1,000
1,000
1,000
1,000
1,000
1,000
1,000
i".6oo
ioo to
200
100 Ao
100
100
500 Ac.
500 Ao,
500 Ac
1,000
50
1,000
1,000
The annual charges coming before dividends on stock are substact tally
as follows
:
Eentals and interest both companies
Annual payments for car trusts
823,941,247 of first preference bonda a 5 per cent
5 peroent...
$16,165,853 of second preference bonds
5 per cent
$18,575,639 of third preference bonds
$8,234,000
422,000
1,197,000
808,000
928,000
Total of all charges preceding stock
Dec. 1. 1888, to July 31, 1889 (8 months), net
Railroad Co. only were $1,563,369, against $5,158,665.
The fiscal year ends Nov. 30; the report for 1887 8, in
showed the following:
1886-87.
1885-86.
Net earnings RR. Co
$10,981,572
$8,482,657
Net earnings C. A I. Co... Df. 1,147,055 Pr. 1,448,482
$11,589,000
earnings of
From
Total net both
Co.'s.
$1,000,000
612,000
1,080,000
2,158,702
12,557,116
1,259,100
11,819.350
1,000,000
700,000
800,000
1,000,000
1,000,000
650,000
3,500.000
6,863,000
2,500.000
3,000,000
134,000
120.000
2,400.000
4,000,000
326.600
6,321.040
10,000,000
19.714.286
12,022,000
5,250,000
5,160,000
2,000,000
1,440,000
3,075,000
2.000,000
1,000,000
;
72- 84 500 Ac.
.
S
Rate per When Where Payable, and by
Value. Outstanding
Cent Payable
whom
1887
6
A7
$9,649,338
28,652
Pr.
$7,335,602
$12,430,054
$9,677,990
$3,620,939
6,222,863
984,684
$3,300,383
5,478,132
794,272
$2,882,582
4,516,433
834,872
Q.
J.
4
S
A
A.
6
5
A.
4
M.
T.
F.
J.
F.
A
7
5
7
J.
e
j*
6
F.
6g.
T.
5
F.
g.
Interest
Interest
RR. Co
Coa 1A Iron
Co. . .
:
TBATFIC AND EARNINGS OF RAILROAD AND COAL A IRON COMPANIES.
Coal from
Coal carried
U'rchandiie lands of O. 4 Cross re- yet earnings
{tone of
2240 lbs.) carried one /. Co., tons ceipts both of both com2240 lbs.
mile.
one mite.
companies.
panies.
-
1881..
1882..
1883..
1884..
1885..
1886..
1887..
1888..
583,689,725 303,460 473
628,975,470 327,347, 373
713,984,192 305,871, 807
588,980,.*>25 319,279, 871
1665,018,573
1727,179,462
1835,308,697
1848,257,474
359,526, 1941
398,862, 4871
444,614, 423J
135,904, 463|
I
J.
-
J.
J.
J.
Phlla., 233 8. 4th 8i.
0.|Plul.Of.;BotKld.Peab.
O. Phlla., 233 So. 4lh St.
July
1,
April. 1917
Oct. 1. 1892
O. Phil. Of.;
April
1.
Bost.Kld.Pea
do
do
233 So. 4th St.
New York and Bait.
I
N.
A.
Phlla. P. A R. RR. Co.
Phlla., Pa.. RR. Office.
Jan., 1883, last paid.
N. Y., Nat City Bank.
J.
J.
A.
O.
J.
Phlla, Pa. RR. Office.
do
do
New York.
Bait, Bait A Ohio RR.
A Pittsb., First Nat. Bank
J. London. J.S.MorganACo
A New York
Agency.
A Co
J.
do
do
do
do
do
do
do
N. Y.. Third Nat. Bk.
J.
J.
Pittsburg, Co.'a Office.
N. Y., Phlla. A Pittsb.
O.
1889
1900
June, 1910
Nov. 1, 1922
Phil..
D.
A.
O.
1911
1932
1900
1913
1914
1890
1893
Oot
1922
July. 1898
Aug. 1, 1889
Jan. 1, 1926
Feb. 1, 1925
Oct. 2. 1869
Oot. 1, 1889
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1922
18S9
(1)
Jan. 1. 1928
Jan. 1, 1928
Aug.
Dec.
Aug.
1.
1,
1,
April 1.
Jan. 1,
Jan. 1.
Feb. 1,
1,
This wrs a consolidation of several companies, May 1, 1868, in*
eluding tin Steuben viile A Indiana and the Pan Handle roads. Tills company is controlled by the Penn. Company, through the ownership of a
majority of Itsstoox. The P. C. A St. L. also has leases of the Little Miami
and its dependencies. Common stock, $2,508,000; first nref $2,929,200;
second preferred, $3,000,000; par value of shares, $50. Penn. RR.
owns $3,000,000 pref. stock and $5C0,OO0 consols. Authorized amount
of 1st mort. $10,000,000, of which $3,137,000 reserved. The Co. Is
liable for $262,500 Cinn. Street Connection Ry. bo ds assumed. There
are also car trusts, which called for an outlay of $67,648 in 1888.
The report for 1888 (Chronicle V. 43. p. 489) had the following :
.
Total gross earnings.
Op. exp. and taxes..
1885.
4,033,623
2,631,633
1886.
4,752,596
3,130,690
-1887.
5,808,378
4,017,219
1388.
5,388,547
4,193,011
Net earnings
1,351,990
1,621,906
1,79 1,159
6648
6587
69 16
1,195,536
77-81
P.c.of op.ex.to earn's
income account.
18S5.
Total Income
$
1,352,579
4,835
1,621.906
4.974
378,330
1,735,744
Disbursements
Rentals paid
$
830.881
646,990
178,615
52,500
Interest on fund, d'bt
Other interest
IntonC.AM.Val.bds.
Loss
1886.
$
Receipts-
onStLV.AT.H.
$
$
432,897
1,791,159
5,778
654,955
1,195,536
5,536
2,059,777
2,451,392
1,632,420
$
931,518
646.990
133,104
$
$
914,853
646,990
147,092
66,917
113,217
1,775,903
1,725,784
1,848,944
40,159 sar. 333,993 sur. 602,948
-(V. 46, p. 172; V. 48, p. 399, 489.)
%.
.".
431,136
933. H83
64 ',990
150,051
14,172
Total
Balance
1888.
181-7.
18,739
"Cin.AMus.V. RR.
Miscellaneous
5,422,600 $35,286,463 $10,051,888
5,624,789 37,300,162 10,647,770
6,074,131 40,045,615 11,855,181
5,672,684 37,009,753
8,950,554
6,040,178 34,343,501
7,926,301
6,209,202 35,683,096
7,335,603
6,901,497 41,188,737 12,430,054
6,732,486 39,638,990
9,677,988
y'ly.
y'ly.
y'ly.
4th St Var. '92 to '04
Phll'delphia.Co.'s Office Oct 10. 1889
do
A
A
A
6g.
5g- A. A
g
$200,000
102.000
120,000
Phil., Of.. 227 So.
i
Various
Various
A. A O
i
Prinoipiil.When Due.
Stocki 1-ast
Dividend.
J.I
N. Y., Wlnslow, L.
7
7
7
Set earnings
$8,233,887 Rentals and interest
Net from l'sed roads.
Total deductions
$9,572,787
$10,828,486
Def. $3,492,884 Sur.$2,857,267 Sur.$l,444,103
Balance, both Co.'s
The following tai le shows traffio and joint earnings for eight years
excluding the business under Central RR. of New Jersey lease
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
l\
1\
Deduct
Rentals RR. Co
do
Phlla., Fidelity Tr. Co.
Various
-"*
3
Union Tr. Co.
do
Phlla.,
**4
4*
5,6
AA
F.
6
V. 48, p. 97,
1887-88.
XLJX.
any error discovered in these Table*.
Bonds
INTEREST OR DIVIDENDS.
Amount
1883
1884
"B"
do "C"
do
I.,
Sdmortgage
at. 01
Par
of
Car Tr. Cert, 8er. "A"..
do
do
do
do
estate
on
teal
Mortgages
F. A K. Coal A
Pkila. <t Trrnlon
Miles
of
edlate notice of
[Vol.
def.
1,727,674
def.
95,254
Pittsburg Cleveland & Toledo. (See Map of Pittsb. it Western.)
From Newcastle Junction, Pa., to Akron, O., 77 miles, 8tock $3,000,or whioh B. A 0. RR. owns $1,505,000. Leased in July,
000 (par$50),
1884, for 99 years, to Pittsburg A Western, which was controlled by Baltimore A Ohio, and the B. A O. guarantees interest on the P. C. A T.
bonds (see terms in V. 39, p. 607.) From Jan. 1 to July 31 (7 months),
Philadelphia Trenton. Owns from Kensington, Pa, to Mot- gross earnings were $287,033, against $258,735 net, $32,964, against
For 13 months ending Maroh 31, 1889, gross earnings were
rlsville, Pa., 26 miles and Tioga Branch, 1 mile; leases Trenton Bridge $64,870.
Connecting Rai'road, 7 miles, and Frankford A Hounesburg Railroad, 4 $528,433; net, $139,673; deficit under Interest, $16;326.
39
miles.
On
Dec.
it
and
was
owned
total
leased,
1871,
1,
miles;
ConnellsvlIIe. Owns from Pittsburg, Pa., to
Pittsburg
leased with the United Companies of N. J. for 999 years to the Penn. Mt Savage Juno., Md., 147 miles; branoh, 2 miles leased lines, 22 miles;
RK at 10 p. c. on stock, and is operated as a part of its N. Y. division. total, 171 miles. Leased for 50 yeais from Jan. 1, 1876 (renewable
In 1888 gross earnings were $3,847,440; net, $2,125,627.
forever), to the Bait A Ohio Railroad. The consolidated sterling mortguaranteed by the Baltimore A Ohio, enough bonds being reBaltimore. Mileage as follows: gage is t'i
Philadelphia Wilmington
Road operated as the Pittsburg
retire the prior bonds.
served
Philadelphia Wilmington A Baltimore K.R., 133 miles Philadelphia A Division of the Baltimore
A Ohio RR. In 1884 the Bait A Ohio issued
100
80
Delaware
Anne
A
Kent
RR.,
Queen
RR.,
Baltimore Central,
secured
its
bonds
for
by pledge of the alwve 2d consolidated
26; Delaware A Chesapeake, 54; Cambridge A Seaford RR., 27; Del. mortgage of $10,000,000
the Pittsburg A ConnellsviUe RR. Stock is $1,944,400;
Md. A Va. RR., 98 miles total operated, 518 miles. Owns over half the
In
par, $50.
year ending Sept 30, 1888, gross earnings were $2,544,took of the Phil. A Bait Cent.
From '68 to '87, inclusive, divs. of 8 p. c. were paid In '88, 7 p. o.; in 969 net, $840,404 loss to lessee, $337,456.
Pittsburg Fort Wayne
Chicago. Owns from Pittsburg, Pa.
1889 to date, 7. In April, 1881, nearly the whole stock was purchased
Made default Oct. 1, 1857. and
111., and branoh, 470 miles.
by Penn. RK. Oo., $10,890,950 of it being now held by that company. to Chicago,
Inyearending October 31, 1888, gross earnings were $6,604,653; again in 1859. and was foreclosed Oot. 24, 1861, and reorganized under
fixed
title
Feb.
1862.
On
June
over
26,
27, 1869, the company leased all Its
charges (Including other income), this
net, $1,7 77 ,275; surplus
$1,223,408, dividends (7 p. c.) $827,354; improvements, etc., $298,368; road in perpetuity to the Penn. RR at a rental equivalent to interest,
fund
of
and
7
cent
on $19,714,286 stock, whioh was
debt,
per
Surplus, $96,686. In 1886-87 gross, $6,007,805; net, $1,471,028; sur- linking
Increased at that iinie from $11,500,000. The lease was transferred
plus over charges, dividend (8 p. o.),eto., $9,262.
to
the
Pennsylvania Company. The lessees are to keep
subsequently
Piedmont Cumberland. Road extends from Piedmont, West she road in repair and also pay taxes, expenses, Ac. The rental and
Va, to Cumberland, Md., 29 miles. It connects the West Va Central A Interest charge Is about $3,056,000
per year, and the profit to lessees
Pittsburg RR., by which it Is operated with the Pennsylvania RR. sys- has been large. The Pitts. Ft. Wayne A Chic, leases the Newcastle A
tem, and has a traffic contract guaranteeing 5 per cent of gross earn- Beaver Val., which in turn is teased again by the Pennsylvania Co.
ings to and from this road over the Pennsylvania Railroad, whioh owns
The first mortgage bonds are in six series lettered A to F, Inclusive
$100,000 stock (par $50). In 1888, gross, $98,662 net, $39,464. H. of $875,000 each series, the interest on "A" series being payable Jan..
G. Davis, President.
and July; on "B" It is February and August; on "C" it is March and
on "D" it is April and October; on "E" it is May and Nov.,
Pine Creek. Stokesdale Junction to Newberry Junction, Pa., on the September
and on " F" It is June and December. The second mortgage is also in
Corning C. A A. Road, 75 miles. Formerly Jersey Shore Pine Creek A Bull. six series of $860,000 each, lettered G to
inoluslve (J omitted), and the
BR. It is operated by the Fall Brook Coal Co., and forms a connection interest Is payable Jan. and July on "G" series,
Feb. and Aug. on " H,"
between Philadelphia A Reading lines and N. Y. Central, and bonds are March and
on " 1," April and Oct. on " K," May and Nov. on " L,"
Sept.
C.
A
and
the
on
these
the
condiA.,
Corning
companies
"
guaranteed by
and June and Dec. on M." Lessee pays $104,100 yearly te sink, fund,
tion that guarantors shall advance money for interest if needed and and if bonds cannot be
purchased, funds accumulate. Of the above 1st
take 2d mortgage bonds for suoh advance*. There are $142,000 2ds
mortgage bonds, $1,753,000, and of the 2d mortgage $2,154,000, and
$1,135,649 cash, were held in the sinking funds Jan. 1, 1889. The
special improvement stock is Issued to Pennsylvania RR. for improvements, Ac, under article 16 of lease, which provides that the lessee
may issue speolal bonds or stock, and in 1888 improvement bonds were
St. Louis. Owns from Pittsburg, Pa., authorized for same purpose, but not yet Issued. Penn. RR. holds $1,Pittsburg Cincinnati
te Columbus, Ohio, 189 miles; branches, 17 miles; total, 206 miles, 218,519 special improvement stock.
(Y. 47, p. 22, 81, 109, 141. 142, 161, 256, 278, 287, 382, 499, 532, 664;
p. 68, 98, 159, 190, 260. 428, 481, 527, 556, 829 V. 49, p. 23.)
V. 48,
;
&
;
A
;
,
A
;
;
;
;
;
;
;
A
&
;
;
M
A
September,
RAILROAD STOCKS AND BONDS.
1889.]
113
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Table*.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on
first
page of tables.
Pittsburg McE. < Tough. Cons. stk.. guar. P. A L. E.
1st uiortg., guar, by P. A L. E. and L. 8. 1M.8..
2d mortgage for $ 1.750.000
Pittsb. FainesrUle <t Fair-port 1st M., g.. int. gu.C
c
Pittsb. Snenango <t L. Arie 1st inoit. gold
PUtso. Fa. it Charleston 1st mortgage, gold
Pittsburg A Western. 1st M.,g.(for $10,000,000).
1st mortgage Pitts. Newcastle A Lake Erie
Pittsburg Youngslown <t Ashtabula Pvei. Stock
c
Lawrence RK., 1st mortgage
0*
Ashtabula & Pittsburg, 1st mort
New mort. (for $4,000,000). s. f. 1 p. c, not dr. c
Port Jervis Monhcelto it N. T. 1st M. ($10,000 p.m.)
Port Koyal dAuyustalstM.,i>.i.,$ tO.OOO.dr.atl lO.i2d mort., endorsed by Central Ga., s. f. $6,000 . c
C
General mortgage income bonds, coup
d West Carol.- Con. M., s.f., red. at llO.c*
o*
Augusta A Knoxville mortgage
Portland it Ogdensb.lstm. g.. int. guar. M. Cent c
Port Royal
Consul, mort.
$20 000
p.
m.
uar.
Maine
Cent.) c
Portland 6 Rochester Stock ($600,000)
Portland Bacoit Portsmouth Stock. ( s uar by rental)
Portland it Willamette Tal. 1st M.,g.,red.at 105. o*
Portsmouth it Dover Stock, 6 p. c. guar. East. Mass.
Ports, at. Falls it Con. Stock, gu.
1st mortgage
Prescotl <t Arizona Cen\ 1st
M
same div. as East..
c
g
,
sink,
fund
c
2d mortgage, incomes
Providence
Providence
it
it
Spring/. 1st M. (end.by City Prov.ic*
Worcester Stock
c
1st mortgage
Quincy tmiana
1st mortgage
it
Kan. C.Prel. 1st mort
114
INVESTORS'
SUPPLEMENT.
[Vol. XLIX.
US
EAILROAD STOCKS AND BONDS.
Sep; ember 1S89.J
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables*
DESCRIPTION.
Date
Miles
Bonds Prinoi
INTEREST OR DIVIDENDS.
Size, or
Amount
$1,000
1,000
100 4o
1.000
1,000
$1,000,000
1,000.000
650,000
350.000
1,000,000
350,000
8,442,400
1,925,000
4,982,000
4,000.000
5,000,000
604,700
5,369,000
3,551.000
2,577,520
of
of
Par
Rate per When Where Payable, and by
For explanation of column headings, 4c., see notes
Road. Bonds Value. Outstanding
Cent.
whom.
on first page of tables.
Payable
c*
funding coup
e
<c Oaston
1st mortgage
o*
Beading it Columbia 1st mort., (extended)
o
2d mortgage, coupon (extended In 1834)
o
Debentures
c*
Lancaster 4 Reading, 1st
Sara. Stock, 8 p. c. guar. Del.4 H.Can.
Rensselaer
1st mortgage, consolidated (for $2.000,000). .C&r
Biehmona it Alleghany \% mortgage, gold
Second mortgage, gold
15
195
79
252
252
Debenture mortgage bonds, iuconie cumulative .
ConsoLM. g.($15,0i.0 p.ni.),$or, ($14,500,000)0
152
152
152
Raleigh
Raleigh
1st mort.,
Augusta
ek
M
<
Bich.it X><mt!.-8t'k($4,26l,000 owned by R.4W. P.)
3d m. (consol. of 1867), Richmond to Danville ..
General mort., gold. Rich, to Danv. 4 branches.
Equipment Trust bonds
Northwestern, N. C 1st m. ($15,000 p. m.),g.gu.o
Rich. York River*. Cues.. 1st mortgage
2d mort., Richmond to West Point, Va
Stock guaranteed 6 per cent
Wash. Oh.&West. 1st
guar., Alexan.to R. Hill
97
40
40
"34
38
38
50
SO
50
1884
1884
1887
1.000
1,000
1,000
166&C
1,000
1,000
1,000
1,000
58*70
Coup
23
23
Richmond
.
1875
100
500 4*.
100
100
1887
1,000
869
8
5
5
6
7
4
7
7g.
1
6
8*
!*
S*
500,000
400,000
500,000
500,000
6
3
4
6
1,250,000
1856
1871
79
6
(0
1,000
1,000
1,000
100
100
81
81
c
&
100 4c
100
100
Income mortgage
b'ds ($57,327 are .'s pay. J. 4 J. in London)..
it Petersburg Stock
Consol. mortgage ($50,000 are 7s) .,
Richmond it West Pt. Ter. R. it W. Co. Stock
Preferred 5 per cent stock, cumulative
Collat. trust bonds, gold (redeemable at 105>
o.
1881
1867
1874
1882
1886
1?89
1888
1873
1880
c
Oxford 4 Clarksviile, 1st M.. $15,000 p.m
Bieh.tred.it Pot 8t'k, com. ($1,071,100 div.oblig.)
8tock, guar. 7 p. c, except $19,300 guar. 6 p.
Oonvert.bonds,$137.3S0 5s,duel901,6s47i',l895
1871
1880
i'40
m
Coupon bondsof 1890
188H
1873
1862
1864
1877
1873
625.0C0
744,000
6g.
319
2,101,200
3is
500,400
172,720
5,6,7
8
150,000
357,327 5 g. & 6
1,000,000
3>s
64 7
384,000
50,602,492
5,000.000
"2ia J.
6 g. F.
5,500.000
4
4
4
4
pal.When Due.
Stocks Last
J Balt.4 Phll.Mech.N.Bk
J Balt.4 Phll.Mech.N.Bk
s.
Phila.,Phil.4 Head.
do
D,
RR
do
Last paid Dec, 1879.
Read. RR.
"* J. Phila.,Phll.4
Dividend.
Jan., 1926
Jan.
Mch.
June
Deo.
July
1, 1898
1, 1912
1, 1904
1, 1917
1, 1893
1, 1889
4 J. N.Y., Del.4 H.Canal Co July
4 N,
do
do
Nov., 1921
4 J. Last paid Jan., 1883. July 1, 1920
4 N, Last paid Nov. 1882. May 1, 1916
4 J. N. Y. Office, 2 Wall St. July 8, 1889
4 N.
do
do
May 1, 1890
4 J.
do
do
Jan. 1, 1915
4 O.
do
do
April 1, 1927
4 O.
do
do
Oot. 1, 1936
4 S.
do
do
1909
4 O.
do
do
April 1, 1938
4 J.
do
do
Jan. 1, 1894
4 N.
do
do
Nov. 1, 1900
4 J
do
do
July 2, 1889
4 A.
do
do
1924
None paid.
1924
4N. N. Y., Office, 2 Wall St. Nov. 1, 1937
4 J. Richmond, Office.
July 1, 1889
4 N.
do
do
May 1, 1889
4 J.
do
do
Jul. '95 4 1901
4 J. Phila.,Town,WheI; Rich
1890
4 N.
do
do
Jul.4Novl901
4 J
Richmond, Office.
July 3, 1889
4 N.
do
do
May 1, 191ft
4 J. N. Y., Office, 2 Wall St. July 10, 1889
4 A.
do
do
Feb. 1, 1897
Providence, R. I., to Ox. 4 Clarkes. 6s duo 1937 $264,000 have principal and interest and
total operated, 51 miles. $480,000 interest only guaranteed by K.'-t 4 Dan. In 18 59 endorsed
Worcester, Mass., 44 miles branches. 7 miles
the bonds of the Georgia Co. Tunre are $111,000 Clarkes v. <s No. Car.
In May, 1888. arranged to lease road to the N. Y. Prov. 4 Boston R.R
for9 J years at 10 per cent per annum on the stock, and road turmd 6s (M. 4 N.). guar, due Nov., 1937. Only $1,000,000 of the Wash. Ohio
over in June, 1889. In 1887-3 gross earns. $1,397,601; net $402,620; A Western bonds receive int rest.
Dividends since 1876 have been In 1881, 5 per cent; in 1832, 7; in
surplus over charges and 10 per cent dividends, $49,054. (V. 47, p.
1887, 3; in 1888, 0; in 1889, 10.
800; V. 48, p. 829.)
From July 1 to Aug. 31 (2 months), gross earnings were $1,595,628,
t ui
Kan.
Quincy to Trenton, 111., 134 miles
This Company is successor to the Quinoy Mo. & Pacific gold in foreo
agaiust $1,370,541: net, $532,200, against $459,972.
The annual report for tne year ending Sept. 30, 1888, was published
ore and reorganized. The stock ls$l,49,240 (par$10O). In 10 '> months
in the Chronicle, V. 47, p. 707, containing the following:
cndiDg Dee. 81, 1838, gross earnings were $lyy,644; net $V7,781.
Raleigh
Augusta. Owns from Raleign, N. C, to Hamlet.N.C.,
INCOME ACCOUNT.
98 miles; Hamlet to Gibson, 10 miles; leases Moncure to Pitisboro. 10
1884-85.
1885-86.
1836-87.
1887-83.
miles: Cameron to Carthaee 12 miles: total, 130 miles. Formerly Chatham Railroad, now controlled By Raleigh 4 Gaston (which owns most Total
3,999,147
4,012,028
4,355,161
4,869.325
receipts
of the stock and bonds) and so by Seaboard 4 Roanoke. Stock is $373,Net receipts
1,767,6-il 1,890,475 2,067.304 2,329,774
000; par $100. In year ending Sept 30, 1887, gross earnings, $240,169;
Rentals and interestt
1,483,097 1,467,653 1,482,518 1,576,278
net, $64,010
1887-8, gross, $241,987; net, |a*,978 ; surplus over Interest. Ac.. $23,977.
Balance
422,817
584.786
284,564
753,496
Gaston.-Owns Raleigh to Weldon, N. C. 98 miles and
Raleigh
221,047
323,958
249,922
Louishurg branch 10 miles, lontrol. Raleigh 4 August. RK., 108 miles, Construction, equip.. 4o..
and has arge interest in Durham 4 Northern
RR, Durhau! to Heuder- Balanc e, surplus
93,859
G3.517
334,864
753,496
S
4 ,ll
a
n Seaboard & Roanoke
?".
controls Carolina
* Included in
f,
&a. ;l'
Car. 4 No. and jointly iruar
Cent.; also ',contr.ls
operating expenses in 1887-88.
omuls eeao.
scab di
UU V tne
l " e uon.is.
6
Una
nwiia *71'2
-'fin
of
f
hs
,
<^.,,7..:i
or
Koa. owns
I
whether
not.
200
Ot
debenture
the R. 4 G. $1,500,000 stock- nar *1 .)<
*742,
interest,
paid
Including
Semi-(V. 46, p. 100,539. 574. 699, 828; V. 47, p. 81, 161, 410,472,531,
earnings year ending
September 3o, 1887
664, 690, 707; V. 48, p. 663, 688, 730, 855.)
S16
$142,90
adding other receipts, *200.700. Gross in l8- K *Ifi 4*KRichmond Fredericksburg
Potomac Owns from Richnet (including other receipt*). $236,815 ;
surplus over interest and
,a 4
mond, Va., to Quantico, 79 miles; lease 1 Quantico to Junction 2 miles.
percent dividend, s 146,315.
There
debt
certificates due July, 1899, and$53,512
are
7
cent
$33,363
per
t
Reading
Columbia. -Owns from Columbia to Sinking Springs, 5 per cent oertltloates due in 1 901 and 1902. Dividends of 7 per cent paid
Pa
1
Lancaster 4 Reading Railroad on common stock in 1888and'89. Iu 18s7*8 gross earns., $r.08. 834; net,
leased lo miles operates Marietta Junction to Chickies
fi miles- tota
$236,826; Int. and guar, dlv'nd, $82,206; stir., $154,620. (V. 47, p. 626.)
r
n 1 eS
8t k * 9 58 -'^8 par
Thf ^tocStroltoS
Owns from Richmond to Petersburg
ami o^ t,li b v P, n
p ,
Richmond
f? 1 , a,t r <1 by f UlU * Kea 'iln < wulcu ""olds the above debentures), Va., 23 miles. The Petersburg.
road has earned moderate dividends and the debt acle- In year eQdin K Nov 30
61
- 1888, gross ear*
H
is
small.
From
count
Oct. 1, 1888, to July 31,1889 (10mos.),gross
very
lngs were $3 12,7b9; net over operating expenses, $66,786; ssurplus
" r *" us uvor
over earn'gs were $240,880, against $214 ,^86 in 18o 7-8; net, $80,467,
'
Interest on Lancaster 4 Reading
against
bonds, $42 287
In
$91,405.
e e
year ending Sept. 30, 1S88, gioss earnings weie $254,164;
Sa ,08a, 0w 8Tr "y
to'Baliston.N.Y.,26miles; net, $85,41 6; lota), net income, $98,185; surplus over interest and divi2
*wf,",",n '?
r,
v''"
MI
V
ern, M,
i 7 L .e ; 7 miles; Kagle Bridge to Rutland, dends (7 per cent), $3,393. (V. 45, p. 7h3; V. 47, p. 626.)
Vt
e
,',itT-s ara
i* t0, a to
,
ttua11 39 miles; branch, 3 uiiles-tota
owi.eri 13,
iS- miles.
mi !
t
?'
Richmond Ac West Point Terminal Railway Wareowned,
Leases
Albany to Wateiford June. 12 miles; Sara
e tad
2 UUe9: F 0rt Edward to Caldwell 14 m. other house Co. (See Hap.) ihe mileage controlled and operated In Nov.,
was 7,369 miles (including water lines) as follows:
brKchM
fo' in.
m total
^, ? leased,
,
,
188x,
branches, 10
58 miles; total oneiated 195 mi es
Richmond & Danville System. Richmond & Danville and Piedmont
71 ' ,0 the Delaware 4 Hudson Canai
00 000 V 'g renta1 ' * Per cent on tin stock and RR. and branches, 274 miles; Richm'd York River & Ches. RR., 39 in.;
Northwestern No. Carolina RR., 25 in.; No. Carolina RR. aud State Unitatereit'onttol^ndl
versity RR., ! .'2 m.; Atlanta & Charlotte Air Liue R'way and branches,
8
3
- 1889, gross
were
earnings
$1,605,918,
iJainst
ffiifl X
*??*
R'way, 413 m.; Wash'n Ohio 4 West'nRR.,
lu ,18
*7"8i net, $548,207, against $518 284 In 288 m.; Virginia Midland
ila- <L*
aud leased
50 in.; West'n No. Car. RR 290 m.; Char. Col. 4 Aug.
8 e
,'
deflcTtuuder
fixed
cmr'K es ^f^^'fd e n ' e,C '' *
lines, 373 m.: Col. 4 Ureenv. RR., leased lines and branches, 296 111.;
-ft-ISS
l76 > 3 7. (V. 47, p. 140, 776; V.
48, p. 222; V. Asheville 4 Spartanburg RR., 70 m.; Know. 4 Aug. RR., 16 in.; Rich.
49? p 174)
4 Mecklenburg RR., 31 m.; Georgia Pac. R'way, 516 in.; Northeastern
n
, egnanV
<See Xopo/Che*. & Ohio )-Ownsfrom RR. of Georiria, 60 iu
Statesville & Western, 20 in.; Oxford 4 Henderv
Rbdli.
n ri,^ l!
;
* d ,-~mIle9; u
nch to Lexington, 19 miles
sou, 13 m.: Clarksviile 4 Durham, 57 m.; total Richmond 4 Danville
leased H
A
i
ew Canton
toArvon, 4 miles; Valley RR.cou system, 3.063 miles.
;v*'
nectl on 2 .idles n t
Ju ae 23 -' 83 receivers were appointed.
East Tennessee Virginia 4 Georgia System. (See East Tenn.
In J. ne
83s'
,
tlini
,tu Chesapeake 4 Ohio was
pioposed. Virginia 4 Geoigia for details.) Total East Tenn. system, 1,603 miles.
1
l;iiT?!i'
n f tDe a ?'
lwa
*' assumed
by Chesap. 4 6..I0, and
i
Central RR. of GEORGiA.-(8ee that Company) 2,203 miles.
Mco'un
.
l ,
,
accounts L't
kept separate
until
May, 1889. The Rich 4 Allethenv was
Water Lines. Ocean s-, amslnp Co., 30O miles, and Bait. Ches. 4
d n r
,ir*' A
rl1 1
a9 to a eomuii.tcf ofbondno'S P.rr- Rich. S. B., 200 miles
500 miles.
sua ,,t io t
"n,
," co
\\,
0l,d ,ioa ""> Ches. 4 Ohio. (V. 48, p.
527.)
The Central Georgia RR. 4 Banking Co. was brought into control of
The Is? n
Vb< nfl8
SJ witn
K Ul
overdue coupons take new $1,000 tirsr. this
morJ .. i i L ,
in Oct.. 1888, through the purchase of the stock of the
Company
8t for nve vear8 "HO* peroeni
ar
Th^"^^'."^^' Inte,t.bon,i
Georgia Company, which owned a majority of the Central RR. stock.
take
w seconds for *250 See
V. 47, p. 499.
SaHni" P,.,'V ,,,," & Aye>2d^ m3.or,
nt ' or "' >' ear and 4 f. r 98 years;
This oompany was incorporated by an act of the Legislature of Virginia
af*i * ?A
.
?"U '"' aud |,tr25c ''lD
,,ew Cn - S *
common stock! of March
It was the auxiliary corporation of the Richmond 4
8, 1880.
flnter. ,7 ,, lh
.Y,"'se '"^
^ wa P a??
rates
'<l on the
Drexel-Morgan certltteates, Danville RR. Co., controlling several stocks by ownership of a majority.
JtSv iShJ*\
f,
' ue "ew bonds bear
date Jan. 1, 188:', and are to be In
seciirnloi
h.
November, 1886, the Terminal Co. purchased a large majority of the
fcA , roper ,ya, ' d ,0 be either a direct
bond of the R.4D RR. stock. $5,000,000 of pref.Terminal stock was issued, secured
C if) ,r,
.^,'
Urst andi se.onds are to i.e guaranteed
by C. 4 O. R. 4 A.
t'A 1 .
the deposit in trust of 25,000 shares or R. 4 D. stock; afterward the
a
as
takes new Ches. 4 O. stock fol by
stock was increased, the last additon of $3,500,000 being
70 er ee 7,!'f i,'tM 'V
'"''''"i'"
s^smet
I: "'" val "
llDd
* O. 1st pref. stock for the a8sess r common
ZZtf
V
made
8ept 18s9. for the purchase ef $2,000,000 E. Tenn. Va. 4 Ga.
t,es w ''
P"">ably be ready early in 1890. -( V." first preferred stock.
4...
,'m!'^r
-'r
,.
47, p. 31, 1<J9, 382, 74o; V. 48,
100, 462, 527,
Providence
Worcester. Owns from
;
;
:
C
my Omaha &
4
;
4
A*n
i
1
4
4
.^.y^gqg
**?*
"
"":
r
%U
;
T
^ TrTi9?,a
4
-
'
v*
w
!
I
.
4
-
:
T,
',
ST^^Mo^SS? ^^
"
W
'
^
'
,
mm
RR
*^ ^.8*W
^Z
l
,kSK
;
,
ndC
fSii^^T^-
'
'
f
;
i','
i
J
n
,
E?!v
-
-
'>
'
-
-
''
'
,
'
'
<
,
i
p.
68, 730;
V, 49, p. 21.
The s'ateuient in Chronicle of June 8, 1889 (V. 48, p. 764). showed
Richmond 4 Danville.. -(See Map Rich, it W. P. Term.) The what
this .mi. i>an> had of securities owned aud what were pledged
sitae is from l:i.ii,.,o.,d, Va., to Danville, Va., 140
mUes; branches, fortlie trust bonds of 1887 and for the trust bonds of 1889.
Va to Greensboro, N. C, 47 miles; Salein JuneDanville,
bonds of 1887 may be redeemed on notice at any time at
The
Trust
,
,
J
"""
t
8al
* ml1
T,,c Virginia Midland KR Columbia 4 Green- 105. 8ee abstract of mortgage, V. 45, p. 575.
;:
"i'?-.
vllle, Charlotte Columbia
4 Augusta and Western North Carolina are
In March, 1889, the collateral trust mortgage for $24,300,000 (trusteased for 99 ream..The Piedmont RR is
virtually owned, also the tee Central Tr. Co.) was issued, $4, 00,000 being reserved to retire (if
advisable), $~>,OOJ,000 preferred stock, $5,500,000 for the col.^il
? t-'/n -^" rIU Carolina. The Rloh.Yort R.A Chesapeake is leased deemed
in
perpetuity. It, was proposed in 1888 to lease the East Tenn.Va. A Ga
lateral trust bonds of 1887, $4,000,000 for the Georgia Co.'s bonis, and
ror 99 years, but lease was
enjoined. In Nov., 1888, Ihe Georgia Pacific $1,949,0)0 more to take up the East Tenu. 1st prer. and the Rich. 4
was leased
whole
..Derated see R. 4 W. P. Terminal Co.
Dun. aud Cent, of Georgia common stocks outstaiidinic. The tlrst isaue
Jot *.he R. system
in i-eb.. 1887.
* I), stock was mostly
lor Terminal of $5,000,000 went to pay off floating debt. The sinking fund of 2 per
In the proportion of four shares of Terminal for exchanged
one of Rich. & Danville cent begins B"cb. 1, 1*98, bonds to be drawn if not purchasable at par,
n.e Inrereston the Debenture bends was
strictly cumulative and In ex- and bonds mav be redeemed at par at any time on one month's notice.
change ror the overdue coupons new consol.
mort. 5 per cent gold bonds (See abstract of mortgage in Chronicle, V. 49, p. 115.)
weregiv, n. Of the consol. mort. bonds of 19:10 $10,720,00) were reDividends on preferred stick have been: In 1837, 2i per oent; In
served to retire the general mort. 6s of 1915 and the debentures. Of
the 1888,5; In 1889, 5.
r,
,
,,
i
,
.
116
INVESTORS'
SUPPLEMENT.
[Vol. XLIX.
September,
1889.
RAILROAD STOCKS AND BONUS.
nr
118
Nubwrlbora will confer
For explanation of column headings, Ac,
on Unit pag? of tables.
<r
Went
Pi. 7V-.
V.
It. rf
mi lea
see note*
of
Reiad
Date
Hi/,', .ir
Aome
Watertotcn <c ttgdensbura Stock
1st M, Wat. A R. Rome to rape vln.,s.f. notdr'n.c
1st M., Wat. to Ogd.ANor'd s.f (2d M. on 95 in.)
2d mort. (3d inort. on 95 miles)
<"
Consul, mort.. (extended July, 1882, at 5 p. c.j.o'
.
c*
Byracuse Northern, l.-t mort. (gold)
B. W. 4 Og. Term. RR. Co., stock, 6 p. c. rental ..
1st mo it-, guar
c*
Bullun it St< ick, preferred
General mort. (8 per cent, reduced to6i
c
8d innrt^lu exch. for equipment bonds, Ac
c
Bmginaw Valley <f St. Louis. 1st mortg., coup
BL Johnsbury <t L. Champlainlut M.,coup. orreg.
Consolidated mortgage (for $1,000.000)
8L Joseph * Grand /. 1st M.,g.,lnt. guar.by U. P.o*
Sd mortgage, Income, (told
o*
Kan. C.AO.RR.lstM. ($15,000 p.m.), g..int.gu.o*<tr
St. Louis Alt rf *j)rinj.lstM.,g ($12,000 p. m.) .c*
2d mort., gold
St L. Alt. & Terre Haute Pref. stock (7 cum.), con.
1st M. (series A) ? sinking fund $25,000 yearly.c*
let M. (series B) )
but bonds not drawn
c*
Ed mortgage, preferred (series
c*
Sd mortgage, preferred (series D)
o*
Sd mortgage, int-o nes
o*
428
207
207
207
207
207
O
Rate per When Where Payable, and by
Bonds Value. Outstanding Cent. Payable
whom.
U89
....
1878
1
$1,000
100
I
25,000
IKS. )
fi.IMM)
1866
1,000
100
100 Ac
1855
1861
1872
1874
1871
SOOA-c.
l.OOO
1,000
1,000
100
1?88
1,000
loo
1872
1878
1872
1880
1884
1885
l-s:
1887
If 87
1889
lOOAc.
100 Ac.
1,000
1,000
1,000
1,000
1,000
l,0l>0
1,000
500&1
common
ws
MA
8
X. V.. Olllee, 2 Wall 8t
N. Y. Agency.
Mar. 1,
Julyl,
N.Y..hyN.Y I..K.*W.Co July 1,
-. Y., Com Exen. Bank. July 1,
do
do
Jan. 1,
do
do
Jan. 1,
None paid.
N. Y. Olllee, 96 B'dway
N. JT., Central Trust Co.
do
do
do
Dec.
Sept. 1,
Dec. 1.
do
do
N. Y. Olllee,
do
do
do
do
5 Pine
do
1.
Aug. 15,
1914
1930
1889
1900
1925
1926
1889
1910
1891
1892
1922
Jan. 1,
July 1,
July 1. 1901
Aug. 15, 1889
St.
1918
1869
190*
do
do
1, 1898
Boston, C. Merrlara, Tr. May 1, 1902
Oct. 1, 1910
Host., Am. I.. A Tr. Co.
Boston.
April 1, 1914
N. Y., Central Trust Co May 1, 1925
do
do
July I, 1925
do
do
Jan. 1. 1927
Now Yoik.
1918
June 1, 1909
in.
Broad
St
10. 1889
N.Y., Otfloe.lS
do
do
July 1,1894
do
do
July 1. 1894
do
do
July 1, 1894
do
do
July 1, 1894
do
do
July 1. 1894
May
Rutland. Clem. Nat.Bk.
Bos. .Globe Nat. Bk A Rut
July
Nov.
Auk.
1,
1.
1,
.1
7
7
7
7
7
A
F. A
M. A
M. A
J.
A.
a-
3.
O.
A.
N.
N.
;
A
Saginaw Valley
St. Louln.-Owtm from Ithaca to Pains.
Mich., be miles, and leases Alma to St. Louis and Pains to Saginaw. 9
miles; total, 45 miles.
Opened Jan., 1873. Stock, $264,804, par $100.
In 1888, gross. $103,934; net, $23,942; dedcit under interest, $11,738.
In 1S87, gross, $99,784 net, $23,218
Int. payments, Ac, $35,680.
In July, '79, management was transferred to the Detroit Laus. & No.
St. Joseph A Grand Island. -( See Hapof I'n. Pac.)-Llneot road
St. Joseph, Mo., to Grand Island, Neb., 252 miles; Kansas City A Omaha
RR.. Stromsburg to Alma, 151 miles, and MoCool June, to Kansas City A
Omaha June, 44 miles; total, 447 m. This company was organized In
June, 1885, as successor of the St. Joseph A Western, sold in foreclosure,
and includes also the Hastings A Grand Island RR. and the bridge at
St. Joseph.
The road is operated by the Union Pacific, which
owns $2,301,500 of the $4,600,000 stock (par $KiO), and guarantees
the interest on the first mortgage bonds. Kansas City A Omaha bonds
have interest guar, by St. J. A Gr. I. and U. P. under a perpetual agreement for operating the 'road. The Union Pac. owns $1,182,500
bonds and $1,725,375 of the $4,275,400 stock of the Kansas City A:
Omaha and St. Jo.-eph A Grand Island owns $413,000 of the bonds
and $309,750 stock.
From Jan 1 1 j J ily 31, 1889, gross earnings were $629,532, against
$571,763; net, $177,744, agatust $159,834. In 1888 gross earnings.
$1,011,110; net, $i78,361; deficit under interest, etc. $1,082. In 1887
gross earnings *1. 005,412; net, $337,516; deficit under charges, $30,562. James H. Benedict, President, New York. (V. 45, p. 614, 673,
771. K. O. A O.; V. 47, p. 505.)
St. l.oui Alton A- Springfield.- Owns Bates, 111., to Alton, 111.,
87 miles. Uses Wabash track to 3priugnelo, 13 miles, ,ut road to lie
built to that point. None of the bonds were issued up to August, 1 S9,
except as collateral security. Stock authorized, $1,500,000; par $100.
Trustee of mortgage, Farmers' Loan A Trust Co.
;
;
.
91
3*6g.
.1
;
i
Hock
J.
Last
Dividend
;
Rio Grande Western. (See Map.) -Line of Boad Colorado
State Line to Ogden. Utah, 311 miles; Bingham Junction to Alta, 18
miles; Bingham Junction to Bingham, 16 miles; P. V. Junction to coal
mines. 19 miles; other branches. 9 miles total, 373 miles. The Rio
Grande Junction Road of 64 miles gives a through connect ion of standard gauge over the D. & R. G. or the Colorado Midland.
This company was formed in June, 1889, pursuaut to the plan of
March, 1889, for widening the gauge and retiring old securities
with new issues.
See V. 48, p. 429. This plan provided for the issue
of a new first mortgage for $16,000,000 at 4 per cen\ of which
$6,900,000 to be exchanged for the old bonds. $5,500,000 for
widening the gauge and for equipment, betterments, Ac, and $1.4*. 0,O00 reserved for future use |8ee abstaact of mortgage in V. 49,
There is $7,500,000 of preferred stock, of whioh $4,110,
p. 2371.
COO
went to old bondholders for their coupon certitioates and
eduction of interest, and $3,360,000, except as appropriated by the
committee, to be held as a reserve; and there was $7,500,000 of new
L-ommon stock exchanged for old at par.
From Jan. 1 to July 31, 1889 t7 mos.) gross earnings were $797,371,
against $711,207 in 18s8; net, $2s" 1,092. against $151,531.
In the year 1887 gross earnings were $1,181,324 net $321,725 surplus over Interest, $74.2 Ll. In 1888. gross, $1,369,892; net $378,162;
surplus over charges, $114,865. (V. 48, p. 420, 4*9, 526, 556, 688, 800,
855; V. 49, p. 23, 115, 108.1
Rochester Ac Genesee Valley. Owns from Avon to Rochester
Y., 18 miles. This road was leased July 1, 1871, In perpetuity, to
Erie Railway, and now operated by New York Lake Erie A Western.
Rental, $34,012. James Bracken, President. Rochester, N. Y.
111.,
..
.1.
Princi-
When Due.
Stocks
mum
;
;
-
i
3
pal,
In Dec, 70, tnr 20 years, but the lessee liecame insolvent, and finally a
noiliflcatton of the lease was made, giving $250,000 per year as a minirental snrt $8,000 for organisation expensae; but In 1887-88 lessee retained $18,000 for taxes, which led to legal proceedings now pending. The 5 r.o. 2ds are a first ruortir. on rolling stock and personal proj>erty. Common stocsis $2,480,600; (par $100), of which in Nov., 1 ---7,
the Del. & Hud. Canal purchased $1,500,000. Dividends on preferred
(tork since 1876 have been: In 1881, 1>2 percent in 1882,2; In 1884
and 188S, 1; in 1886 and 1887. l"s; In 1888, 1 in 1889 to date, 1*.
-( V. 45, p. 1 1 a, 643, 744 V. 46, p. 38 ; V. 47, p. 81.)
:
:
Hi
2,468.400
1,100,000
1,100,000
1,400,000
1,400,000
1.700,000
500 Ac
1,000
1,000
5 g
555.200
1,500,000
150.000
450,000
650.000
6,230,100
417,800
1,021,500
1,000,000
7.055,000
500.000
250,200
375,000
4,000,000
1,500,000
1,500.000
446,000
828,000
400,000
6,9 4,000
1,673.000
2,606,500
1
500 Ac.
"i'oo
1862
1862
1862
1862
1862
A 8.
i
* J.
24 J. A J.
10
J. A J.
6
J. A J.
J. A li
8* F. A A.
6
M. A 8.
7
J. A D.
7
A J.
5
A O,
7
A J,
3
A A.
5
A N
1
6
M. A N.
5
P. A A
8
M. A N
A. A U
|* Q.-J.
M. A N
J. A J
J. A J
$3,70a,00->
5,50 (KX>
1,000
|
stock have been: In 1881, 122l74k; In
1882, 23263; in 188<, 21:-'9 : in 1884, 1>32 : in 1885. 1838
43>4 in 1886,27>477i4; in 1887, 2038353; In 1883,19*29%; inl889
to Sert. 20, incl.. 19i27^. Pref. in le87, 433/ 1s; In 1888, 55
87 1* in lst-9to8epf. 20, inol.. 'I684%.
The annual repon tor year ending Nov. 30, 1888,
given in V. 47,
p. 742. (V 47, p. 140, 432, 499. 532, 748, 745 ; V. 48, p. 190, 209,
261, 369, 634, 663, 764, 799 V. 49, p, 115, 374.)
prices of
Amount
Par
of
1849
373
18
113
91
113
35
643
97
190
190
409
45
14
14
120
120
120
36
120
120
252
252
196
87
Tables.
Bond*
il
INTEREST OR DIVIDENDS.
Co.- -(Continued.)
Coii.collat.Tr. M. $.'4.300,000 g. reel, at 100, s.f .c*
Rut Grande Western Is' trust inort., Hold
,*c
*ttn # i*iiee Fa/. Stock. 654 rental N.Y.L.E.AW.
Bock Inland tt Peoria Stock
It mortgage
r
ConsoL 1st mortgage
r
Koine <r Decatur 1st inort., go d ($15,000 p. m.)..
The
[Vol XL1X.
great favor by giving Immediate notice of any error discovered In
DE8CRIITION.
ttiehmonri
SUPPLEMENT.
INVESTORS'
Island A Peorla.--Owns from Book Island, 111., to Peoria,
Ro k Island A Mercer Co. RR., 22 miles; total, 213 miles.
P. 1. was sold in foreclosure April 4. 1877, to the bond-
miles;
The eeona A
;
holders. In the year ending Jui.eSo, lo89. gross earnings were $572,374; net. $223,670; surplus over 5 per cent dividend, $10o,670.
Ac Decatur. Owns from Rome, Ga., to Attalla, Ala., P5
St. Louis Alton A- Terre Haute. (See Map). Owns main line
miles, and projected o Decatur. The bouds were offered in New York by from Terre Hauie, Did., to East St. Louis, 193 miles; proprietary line.
Grovesteen & Pell, and when they suspended in 1887 work ceased. R T. East St. Louis to Belleville 14; leases Belleville A Southern Illinois
Dorsey, of Atlanta, is receiver. Receiver's certificates for $400,000 RR.. Belleville to Du Quoin, 111., 57: Belleville A Eldorado RR., from
were issued to oomplete and equip the road to Attalla. In Feb., 1889, Du Quoin to Eldorado. 50: Belleville A Carondclat RR., irom Belleville
a new committee on reorganization was appointed, conslstinK of E. to East
Carondelet, 17; St. Louis Southern. Pinekneyville to (ail ion
Kelley, CaujiUo tteideufeid, John Byrne, J. B. Silver and 8. F. Austin. dale, III., 33: Carbondale A Shawneetoirn, Carbondate to Marion, 18;
Road to bi sold in loreo'oauie Nov. 20, 1889. Lugene Kelly, Pres't. Chic. St. L. A Pad.. Marion to Paducah, and br., 51 m.; total. 436 miles,
New York. (V. 46, p. 371; V. 47, p. 382; V. 48, p. 223 V. 49, p. 174.) of whi in the company operates ouly 213 miles, the mam line, 193 miles,
Wntirtoivii A Ogdensbnrg. (6>e Map.) Niagara Falls having been leased Nov. 1, 1882, to the new Indianap. A 8t. L. Railway
to Massena Springs, 301 miles; Lewiston Junction to Lewiston, 4 and the Cleve. Col. Cln. A Indianapolis jointly. This compan.v was a
miles; Syracuse to Pulaski, 37 miles; Richland to Rome, 41 miles: reorganization, Feb. 18, 1861, of the Terre Haute Alton A St. I^uiis RR.
The Bellev. A So. IUiuois is leased to tills company for 999 years from
Watertown Junction to Cape Vincent, i\ miles; DeKalb Junction to
Ogdensburg, 19 miles; Rochester to Windsor Beach, 7 miles; Wood- Oot. 1, 1866. Lease rental 40 per cent of gross earnings up to $7,000
ward's to Oswego, 29 miles Utloa to Ogdensburg, 134 miles; Carthage per milb (except on coal, Ac), 30 per cent above $7,000 and up to (1 l,to Sacketts Harbor, 30 miles Theresa Junction to Clayton, 16 miles: 000 per mile, and 20 per cent on any excess of $14,000 per mile.
Interest on bonds, and sinking fund of $5,000 per year, guaranteed
total, 643 miles.
The E. W. A O. was a consolidation Oct., 1861, of the Watertown A by lessees. Coiuniuu stock of Belle. A So. III., is $430,000 and
Borne and the Potsdam <fe Watertown railroads. The Oswego A Rome preferred $1,275,000. and dividends on preferred stock since 1880 prior
4s 111 1881 5>ain 188 1; 6>4 in 1883; 519
was leased January 1, 1866. The Niagara Falls Brunch road was leased to current year have been
Nov. 1, 1881, and all but $7,000 of its $250,000 stock Is owned. There In 1884; 5 in 1885: 5 In 1886; 6% in 1887; t^j in 1888.
The Bellev A Carondelet Is loasedfor9s:3 years from June, 1833, at a
are also outstanding $100,000 Oswego RR. bridge 6 p. c. bonds, due
Feb. 1915, and in additi n toother rentals the company pays as rental rental of $30,000 per year, which is a guarantee of int. on the bonds
Interest on $175,(J0O8yraeiiRe Phenix & Oswego 1st mort. 6s., due Feb. the stock of $500,000 being owned by the St. Louis A. A T. H.
The Bellev. A Eldorado is leased for 985 years from July 1, 1830, at a
1, 1915, and en $130,000 Norwood A Montreal, 1st mort. 5s, due April
1, 1916, and to the Carthage Watertown & Sackett's Harbor RR. rental of 30 per cent or the gross earns., but $15,400 per year guar.
Stock $1,000,000 par $100. The St. Louis Southern KK. is leased for
S7>9 per cent of Its gross earnings.
The Ctica A Black River road and branches were leased In April, 980 years for 80 per oeut of gross earnings, minimum to be $32,000,
Ai
1886, the R. W. AO. guaranteeing fixed charges and 7 per cent per and Int. on bonds being guaranteed to that extent; the Carli.and
ghdwnee RR. Is leased lor 980 years for $10,000 a year,
annum on the stock, a majority of which it holds.
for
leased
int. Is guar.
The Chicago St. Louis A Paducah road is
Dividends have been: In 1887, 6 p o.; In 1888, 6; in 1 889 to date, 3.
i-romOct. 1, 1888,10 July 31, 1889 (10 mos.), gross earumirs. including 978 years from March, 1888, at 30 per cent of gross earnings, with
tne Black River Road, were $2,763,714, against $2,660,975 in 1887-8
guarantee of rental to pay 1st mortgage interest. (V. 47, p. 801.) The
1st M. bonds on this road are redeemable after Sept. 1 1892, at 105.
net ], 115,384, against $1,111,831.
The rent received for main line is $450,000, unless the gross earnings
Fiscal year ends Sept 30. Report for 1887-8 In V. 48, p. 36. Earnexceed
$1,750,000 iu any year ending Oct. 31, and then 20 per oent is
Dgs were as follows:
be paid of the excess of gross earnings over $1,750,000.
to
1885-6.
1886-7.
1887-8.
_^_
Deo.
31, 1887, sinking fund held of the first mortgage bonds $636,000
$2,406,793
$3,138,447
gross earnings
$8,828,825
on which interest is paid and $478,936 cash. The
Netlncoiue
$941,243
$1,319,840
$1,317,223 (included above)
bonds
Deduct
sinking fund for first mortgage bones is $25,000 per annum,
be bought at 110 and luterest; otherwise lapses. The dividend
teret and rentals
$919,551
$693,480
$884,142 can
a
has
stock
389.
The
prior
tiond
In
V.
terms
were
48, p.
preferred
Invidcnris
276,825
327,834
on
right to a cumulative dividend of 7 per cent before any is declared
is
stock
Common
at
into
common
common.
is
also
convertible
It
par.
Total
$693,480
$1,196,376
$1,211,976
$il in .000; par *10o.
2
Surplus for the year
$247,763
$123,464
In
been
$135,252
have
1878,
per
since
1876
on
stock
Dividends
preferred
<V. 47, p. 188, 664, 600; V. 48, w. 36, *60; V. 49, p. 2 16.)
aud 55 in bonds; fiom 1882 to 1885. inclusive, 7; in
cent; in 1881,
in 18s!) to date, 1.
Rutland, vmviih from Bellow's Falls, Vt., to Burlinvtnn, Vt.. 120 nr. 18-6, 2h: in 1887, nil; in 18b-*,
This road has been through many changes. It was leased to the Cent. Vt
The annual report for 1888 was iu V. 48, p. 397.
Rome
t
;
Rome
;
;
:
;
;
;
,
i
:
:i
.
m:
September,
1859.J
RAILROAD STOCKS AND BONDS.
110
INVESTORS'
!>o
SUPPLEMENT.
lv.
Vav.il>
TaylorvineY
.feline
,-..\"i
\r,>-
'?./$&%*
X.
September,
RAILROAD STOCKS AND BONDS.
18S9.]
131
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on first page of tables.
Louis Alt. < Terre Haute < Continued)
Dividend bonds, Inoome (see terms, V. 48, p. 389)
Belleville ft So. III. 1st M. (int.fts.f. g'r'd.) n. d.oBeUevule&CarondeIet,lstni.,Belle.toE. Caron.c*
St.
Belleville ft El
Dorado
1st (int. guar)
c*
o*
c*
2d mortgage
Louis Southern 1st M.,
guar
c*
2d mortg. income, non-cumulative
Carbondale * Shawneet'n let M.,p.,lnt.guar.c"
gold, int.
Bt.
ft Paduoah, 1st in., g. r'd at 105 guar. o2d mortgage, gold, income (non-cumulative).. o*
Louis Arh.dTex.lar M.,gold ($13,000 p. m.).o"
2d (inc. till '89, see rem), g., ($13,000 p. m.)...o*
1st mort., int. guar., M. & O. g..o
St. Louis d Cairo
0*
let mortgage
St. Louis it CKicago.
c*
Consol. mort., g. ($20,000 p.m.)
1st mortgage ($600,000) .c
St. Louts <t Hannibal
St. lAmis <t San Irancisco.
Stock, common
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
Cbio. St. L.
St.
.
2d mort. (now
lst),A, gold
;
(Pacific to Seneca,
nd branches),
294 miles.
dr.
$80,000
mort.,
gold,
Equip,
ann'lly. at 105. c*
lstonMo.ft West.RR.,g. $5,>O0yrly dr. at 105. c*
Collateral trust bonds, gold, sink. fd. not drawn
St.L.Wich.ft West , 1st
(Osw.to Wich.) g.. guar.
Gen.
g.(lst on 365 m.) ($7,727,000 are 6s). .c*
Collat.Tr.M. on br'ches ($20,000 per mile), gJld.c*
Equipment Trust ($23,000 due each A. ft O )
Kan. C.AS.W.,lstM.,g..red.at 1 1C ($12,000 p.m.lc*
8t. L. Kan. 4 8.W., 1st M., g.. guar., red. at 1 10.
Ft. 8. & Van Bur.B'dge, 1st m.. g.drn at li 5 etiar.
do
do
do
do
B, gold > Mo.,
C, gon J
.
M
m
.
1S3
INVESTORS' SUPPLEMENT.
I
vol.
XL1X.
September,
RAILROAD STOCKS AND BONDS.
1889.]
123
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation
on
of
Miles
column headings, Ac, see notes
page of tables.
first
St. Louis if San Fran cxsco
(Continued )
St. L.Salem
Ark..lstM.,guar.,redeem.atl05..c*
A
Kan. Midl'd, 1st M.,g., $15,000 p.m.. int. guar, o*
1st M.S. f. guar.notdr.c*
St. Louis Tan. <* rrr H.
2d mort., Bink. fund, not dr'n ($1,600,000 guar.).c*
d
Dululh
7 p. c. stock A scrip.
Preferred
Paul
St.
Common
stock
1st mortgage
2d mortgage
Taylor's Falls
c*
e*
A Lake Sup., 1st m.,gu.,s.f.
not dr.c*
L., 1st. guar.. cum. s.f. notdrawn.o*
St. Paul
1st M., g, (not guar.)
Dulnth Short
Stillwater*
At Paul Minneapolis <t Manitooa Stock
St. P. A Pac., 2d M. (1st on St. Paul to Watab). ..
lstmort. land grant sink, fd., g. drawn at 105. .c*
e*
2d mort., gold (does not cover lands)
Dak. Ext., 1st mort., gold ($1 2,00') per mile)
Consoi mort ..gold ($13,344,000 are 6s), cp. or reg.
1st M.,g.. Montana Exten. ($2T.,000p. m.)...o**r
Collateral trust bonds, g redeemable at par .. o
Minneap. Un. RR.. 1st M., gold.guar. ($3,000,000)
East, of Minn., 1st
g gu. ($50,000p. m.) c*&r
Montana Cen., 1st M..g. ($40.000 p.m.), guar. cAr
Stock ($10,000,000 authorized)
St. Paul * No.Pac
Gen. M.,guar. ld.gr.,($10,000,000) reg. Q. F.c*& t
West'rnRR.,Minn.,lstM.,RR.. covered by Gen.M.
San Ant. dt Aransas Pass 1st M., g.,red. at 110. .c*
1st M.,ex.,gld. ($12,000 p. m.). ledeem. at 110. c*
1st M., for $9,000,000. gold. $15,000 per mile .o*
2d M., g., income for 5 years, $8,000 per mile
San Diego Ouyamaea <* East. 1st M. $25,000 p.m.
Sandusky Mansfield <t A' ewark Re-organized stock
lstM..g .int.gu. under lease by B. A O. and Cent. O.c*
,
M
,
,
.
INVESTORS'
SUPPLEMENT.
[Vol.
XUX
September,
RAH/ROAD STOCKS AND BONDS.
1889.
W_ ^N
f
125
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Henrietta
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plttsburfc
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nival
nKlgln
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V*
Hunt8vUlea_-/pi.,,1
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V^e^f*
MAP OP THE
San Antonio
rl*coll
JK?V?" iRi^
KLEBERG#c,
f
AND
^^
Aransas Pass Railway
AND CONNECTIONS.
INVESTORS'
146
Subscribers will coul'er a great favor by giving
description.
For explanation of column headings. Ac, see notes
on first page of tables.
Fan Fran. !fo. Pae 1st M..g. <$4,500,000),.f .c*Ar
Savannah Americus rf Montgomery 1st morts
Consol. n ort.,gold. $12,000 per mlle.*4, 100,000c'
Savannah Florida <t West. -At. A G. consul, mom<
A Flor., 1st Ms., end. by State of Georgla.o2d mortgage, gold
....0*
C
Bav. Fla. A W., 1st mortgage, gold
Brunswick A West. 1st M. guar. by S.F.AW.oMr
Income bonds, non-cumulative
Savannah it Western Columbus A West'n, let mort.
Columbus A Rome 1st mortgage
Bo. (in.
do
1st consol. mort., gold ($18,000 per mile) goar.c*
Scioto Valley 1st mort. (s. fund $13,000 per year) .
2d mortgage (sinking fund, $5,000 per year)
Consol. mortgage
Seaboard <t lloa'ke 8tk.($244,200 Is prf. gua.7 p.e.)
Debentures, redeem, at will after Aug. 1, 1916.. r
c*
1st mortgage for $2,500,000
Seattle Lake S. <t East. 1st M.. g., $25,000 p. m..*o
0*
Bhamokin Svnbury <t LeirMttrtflsl mort
....o*
2d mortgage
Miles
of
Komi
160
347
58
5M
545
171
158
50
367
98
98
124
110
"ei
71
31
31
r
29
28
255
255
255
o
Car trust certificates
Shore Line Conn.) -8t'k,7p.et.rent.N. Y.N.H.AH.
1st mortgage
Bhrevtport <t Houston 1st, g., guar, by H. E. A W. T.
"49
49
40
Val. it PotlsviUe Stock, guar, by Nor. C.
e
1st mortgage, gold, on road and lands
1st
General mort., gold (lien on $1 ,560,000 1st K.b'ds.)
Shamokdn
.
Shenandoah Valley
M
3d mortgage Income bonds, non-cum
i
Date
SUPPLEMENT.
edlate notice of
any error discovered
[Vol.
XLIX.
In these Tables.
Bonds Prine 1
pal.When Du e
September,
1S89.J
EAILKOAD STOCKS AND BONDS.
17
INVESTORS'
198
SUPPLEMENT
[Vol. XL1X.
inhwrllMTB will confer a great favor by giving- Immrdltle notice of any error discovered In these Table*.
DK8CKIITION.
For explanation of column bending*, Ac, see notes
on flret page of tables.
Ut*r Sp. Ocala <* Oulf 1st, l.gr., g.^lS.OOOp.m.lc*
Mouth Cciro/om 1st mortgage, Merling loan..'.
1st oonsol mortgage (for $5,000,000)
2d oonsol. mortgage
Income mortgage bonds
0*
o*
(not cumulative)
o*
8,>n Ih Florida-lit mort. 1912,000 per mllel
to. <t So. Alabama 1st M., endorsed by Alabama
N.
1st mort.. sterl., s. f.. $103,740; guar, by L.
2d mort. bonds
ft.
f.
$20,000 (owned by
L.
A
A N.)..
-
o
Consol. mort. (for $10,000,000), gold
8. Pacific Coasllft
g.,guar. (s.f. begins 1912). c
mort.
1st
$20,000,000)...
South Pennsylvania
(for
Southern Cent. (N. I.) Consol. mort. convertible. o
Southern Pacific COMPANY-BUM* ($150,000,000)
South. Pae. of Arizona 1st M., g., guar. cp. or reg.
e*
South. Pae.IOal.r- 1st H.. sold, land gr.. s. f
o'.ttr
Gen. mortgage, gold (for $33.000,000)
Hr.
fund
In
1897
1st
mort.
Bo. Pac.
sinking
Stockton A Copperopolls 1st M.g. (guar. by CP.)
cAr
Southern Pacific of N. Mexico 1st M., gold
Southwestern t tia.) Stock. 7 p.
guar. Cent. Ga. . .
Stock
Southwest Pennsylvania
1st M. lapsing s. fund. $5,000 yearly, not dr'n. . r
M
.
c
.
Spokane Falls
mmylen
<t
Jhiyvil
Northern 1st
<t
P'l
Mor.
Jf.,9
0,000p.m. ,g.o*
Stock, 8 %, gu. N. Y.Cent.
Line <t Sullivan lit mortgage
Stolen Island 1st mortgage
Staten Island Rapid Tran. 1st M.,$ or
2d mort. endorsed by B. AO. cp. or reg.. gold
Incomes, gold (non-oum.)
Suburban Rapid Transit Stock ($9.600,000)
1st mortgage bonds (for $6,600,000)
State
0*
c*
September,
18S9.]
KAILKOAD STOCKS AND BONDS.
129
130
INVESTORS'
SUPPLEMENT.
[Vol. XLIX.
Subscribers will confer a (real favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Bonds PnncI
INTEREST OR DIVIDENDS.
Miles Pate Size, or
pal, When Dus
Amount Bate
of
of
Par
explanation of column headings, Ac, see notes
per When Where Payable, and by Stocks I-ast
.
:
on
Summit Branch
first
page of
1st mortgage bonds, sinking fund
Svnb'ry Haslet'nd H iU6.-lBt,Ser.A.&B.dr.at 100c
3d mortgage. Income
oAr
Bunbury <x Lewistoxcn Stock
-
1st mortgage
0*
Suspension Bridge <t Brie Junction
1st mortgage, principal & Interest guar, by Erie
Syracuse <t BalaviinsvMe. 1st mortgage, gold. ..C
Syracuse Binyhamton <s .V. 1". Stock
GonsoL M. (i rin. and Int. guar. byD. I.. A W.)...
Syracuse Geneva *\ Corning 1st mort., s. I. lp.c.c
2d mortgage
20
20
43
48
43
43
1S74
1878
1878
23
7
81
1870
1886
81
1876
50
1876
875
879
18-3
57
1
o
New York
1st mort
2d mortg.. Income (for $500,000)
Tennessee Midland 1st mort., g., $20,000 p.m..
ttrre Haute <t Indianapolis Stock ($1,988,150).
c.tr
1st uioit. (provided for by consot mort.)
Syracuse Ontario
<f
Outstanding
Road. Pandi Value.
tables.
Stock
(Pa.)
ConsoL mortgage for $2.200.000
Ttrre Haute t Logansp. 1st M., guar, by T.H.A Ind.
lstM.,on Logans toSouth Bt ud(2don93ui.),guar.
Trrre Haute d- Peoria 1st mortgage, gold
c*
Texas Central 1st mortgage, gold
N. B. DlT., mort., gold (2d on 177 miles)
e'
General mortgage, (pledged)
Texas d N. Orleans of '74 1st mortg. land gr..o*&r
Sabine Division, 1st mortgage, gold
C.tr
C
3
"43
IMS
133
114
114
114
93
65
173
177
52
228
104
104
$1,010,350
1,185,000
1,176,600
1,350,000
600,000
500,000
l.ooo
100 Ac.
100 Ac.
50
500
1.000
1,000
1873
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
I6O.OO1)
ioo.ooo
50
188".
187!)
1883
1S87
1879
1881
1884
1875
1882
1883
Debentures
Texas 4 Pacific New stock, $50.000,000
1,487
524
1st m., gold (Eastern Dlv.i, s. fd. red. at 100 .c
c* 1,487
1st consol. niott. for $25,000,000, gold
2d consol. M., income, non-cum. ($25,000,000), g.o* 1,487
54
Tioga RR. 1st mortgage, due 1882 and extended
1875
1888
1888
1852
100
100
1,000
1,000
1,000
500,4c
Summit Branch
5
2,500,000
1.966,000
880,000
1.000
lOO&c.
1.000
1,000
800,000
NIL
2,128,000
1,988,150
1,600,000
800,000
500,000
1,000,000
1,800.000
2,145.000
1,254,000
2,286,000
1,620,000
2,075,000
584,000
38,706,700
3,784,000
21,049,000
23,227,000
239,500
whom.
Payable
Dividend.
A A. Phila.,233 So. 4th St. Feb. 16, 1876
7
A J.
do
do
Jan.
1904
A6 M. A N. Philadelphia, Penn. RR. May 1,1, 1928
6
MA
N.
do
do
May 1, 1938
3
A. A O. Phlla., Guar. T. A D. Co Oct. 1. 1880
7
J. A J.
do
do
July 1, 1890
7
J. A J. N. Y. Lake Erie A West. July 1, 1900
J. A J.
July, 1888, last paid.
July 1, 1936
N.Y..D.L.AW.RR. Co. Aug. 27, 1880
|*
7
A.AO.
do
do
Oct. 1, 1906
7
M. A N. K.Y.,Farmers' L.A T.Co Nov. 15, 1905
5
M. A 8. N.Y.Gr. Cent. Depot. Mar. 1. 1900
6
J. A D.
None paid.
1933
6
1983
M.AN. New York Agenoy.
Nov. 1, 1937
|* F. A A. N.Y., Farmers' L.ATr.Co Aug. 1, 1889
7
A. A O.
do
do
April. 1893
5
J. A J.
do
do
July 1, 1925
6
J. A J. N.Y.,Farmere'L.ATr.Co. Jaa. 1, 1910
6
J. A J.
do
do
Jan. 1, 1918
Mar. 1, 1937
5g. M. A B. N. Y., Union Tr. Co.
M.A N. Last paid Nov., '84. Nov. 1, 1909
M.AN. Last paid Nov., '84. May 1, 1911
M. A N.
None paid.
Nov. 1, 1934
P. A A. N.Y.,8j.Pac, 23 Broad. Aug. 1. 1905
M. A S.
do
do
March 1, 1913
J. A J.
do
do
Dec., 1893
8
1,000,000
500
100
1887
Cent.
r
J.
.
"it
5 g.
m.a"'b. N.Y.,Mer'leTr.Co.APhil March
J.
AD.
A N.
do
Marohl
M.
None
do
June
Deo.
paid.
PhiUNewbold'sSon ACo Nov.
1,
1,
1,
1,
1905
2000
2000
1915
and to furnish money for steel rails, equipments,
Ln year ending June 30, 1889, gross earnings were $323,153; net,
(Pa.) This company's business Is almost enit leases the Lykens Vallej RR., Millersburg to
tirely in mining coal
Williamstown, Pa., 20 miles, and has a small branch of its own to Summit Mines, % of a mils The road is operated by the Northern Central
under contract. Penn. RR. owns $2,190,100 stock and $500,000 bonds.
In 1887 gross earnings were $1,358,814 net. $128,260 surplus over
Interest, $45,310; deficit under Lykens Valley deficit, $55,051. In
1888 gross, $1,442,671; net, $202,489. (V. 46, p. 173, 228.)
Snnbury Hazleton A Wllkesbarre. Bunbury to Tomhlcken
Pa, 43 miles. Foreclosed March. 1878. Of 1st mort. $1,000,000 is
series A. Stock ($1,000,000) and $185,000 lsts (series B) and $488,600
incomes are owned by the Penr. RR. which pays net earnings as rental.
Sinking fund for 1st mort. draws $5,925 May 1 yearly at par. Gross
earnings In 1888, $562,143; net, over expenses and taxes, $245,382;
receiver's certificates
dividends
Texas
Orleans (of 18T4). Houston, Tex., to Orange
and Sabine City to Rockland, 104 miles
(Sabine River), 104 miles
total 203 miles. Belongs to the Huntington Southern Pacific system,
with
the
Louisiana
Western. This was a reorganization' 1874,
together
of the old Texas A New Orleans RR. The stock Is $5,000,000. and
a controllreg interest is owned by the Southern Pacific. In addition to
above bor Is, there are $462,663 Texas School bonds.
From Jan. 1 to July 31, ir 1889 (7 mos>, gross earnings were $596,550, against $773,672 in 1883; net. $286,068, against $187,361.
Gross earnings in 1887 were $1,267,563 net, $563,353. In 1888,
gross, $1,438,578; net, $424,664. C. P. Huntington, President, N. Y.
;
;
;
<5 p. c), $50,000. J. N. Du Barry, Pres., Phlla.
Snnbnry A LewUtown.- Selinsgrove Junction
(V. 48, p. 763.)
to Lewistown,
Pa., 43 miles. Leased for 99 years from July 1, 1876, to Pennsylvania
RR. for contingent Interest In net. earnings, which in 1885 were $168,268; In 1886, $123,536; In 1887, $156,709; In 1888, $123,619.
Erie Junction. East Buffalo Junction
Suspension Bridge
to Niagara Falls and Suspension Bridge, 23 miles; Look. A Buff. RR
leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
It is leased to N. Y. L. E. A West. RR. Co. at 30 per oent of gross receipts,
which are guaranteed to be not less than interest on bonds, $70,000
pel annnm. Lessees own $203,000 of the stock ($500,000).
A
Syracuse A Baldwlnsville. Owns Baldwinsvllle, N. Y., to
AniDoy.N. Y.,on the West Shore Railroad about 7 miles. Stock Is
$60,000 par $100. Default was made on coupons due Jan., 1889, and
foreclosure proceedings are in progress. In year ending Sept. 30, 1887,
deficit under interest,
net, $2,642
earnings were $11,196
foss
(Vol. 48, p. 129.)
.558. In 1887-8, gross, $15,782; net, $4,276
Svracnue Blnghamton
New York. Owns from Geddee,
N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse A Bins*
hamton and opened Oct. 18, 1854; foreclosed and reorganized April
80, 1857, and controlled by Delaware Lackawanna A Western. Invest
ending Sept. 30, 1888, gross earnings were $908,084; net, $444,194;
surplus over charges and dividends, $83,473, against $109,048 in 188687. -(V. 45, p. 212 V. 46, p. 610; V. 47, p. 161; V. 49, p. 174.)
Corning. Owns from Corning, N. Y., to
Syracuse Geneva
Geneva, N. Y., 58 miles, and Penn Yan to Dresden, 6 miles total, 64
miles. This road was opened December 10. 1877. and Is leased to
the Fall Brook Coal Co. at a rental of 33'-t per oent of its gross earn
ings. Stock is $1,325,000 (par $100), of which N. Y. Cent. A Hud. R.
owns $662,600, besides $11 3,000 7 per cent bonds. In 1887-88 gross
earnings were $676.197 net, $189,905 rental, $225,399; taxes, $7,878; deficit to lessee, $43,371.
Syracuse Ontario A New York. Owns from Syracuse, N. Y.,
to Earlville, N. Y., 45 miles. The road was twice sold in foreclosure
and reorganized under present name in 1883. The West Shore acquired
control of the property. Stock. $404.600 par, $100. In year ending
Sept. 30, 1888,gross<arnlngs weie $114,578; net,$16,043; deficit under
;
;
A
;
A
;
;
;
charges, $79,318.
Tennessee midland. Operates Memphis to PerryvUle, Tenn., 135
m., of which 2'5m. are leased. Built by Va. Cons. Co. Extension 90 m.
to Nashville In progre^. Projected to Va. State line with branches to
Columbia and Knoxvllle. Local aid to the extent of $600,000 has been
secured between Memphis and Nashville. (Stock ($25,000 p.m.) $3,020,000; par, $100. Trustee of mort. Oent. Trust Co., N. Y. (V. 49, p. 227.)
Terra Haute
A
Indianapolis. Owns from Indianapolis to
:
Terre Haute
A
liogansport.
Owns from South Bend,
;
Ind.,
1 60 m.; leased, Rockville to Terre Haute, 22 m. Total
operated, 183 m. Formerly Logansp. Crawfordsv. ASouthw. which was
sold In foreclosure Sept. 10, '79, and reorganized under present name.
Leased by Terre Haute A Indianapolis RR. for 99 years from Dec, '79, at
25 p. e. of gross cam's, and first mort. bonds guaranteed by that company. Stock, $500,000; par, $50. Rental in 1885-86, $119,759: loss to
lessee, $89,482. Rental in '87-8, $135,307; loss to lessee, 864,372.
;
:
A New
;
;
;
Texas A Pacific. (See Map.\ Owns: Eastern Division -From Texarkana to Fort Worth, via WhItesboro,244 miles; Texarkana Junction to
Fort Worth, via Marshall, 248 miles; Marshall to Sbreveport, 40 miles;
total eastern division, 532 miles. Rio Grande Divison Fort Worth to
Sierra Blanco, 524 miles; Sierra Blanco to El Paso (Joint track), 92 miles;
Gordon Branch to coal mines, 3 miles; total Rio Grande division, 619 m.
New
Orleans Division
(Formerly N. O. Pacific RR.) Sbreveport to N. 0.
and Baton Rouge Branch, 336 miles. Total of all, 1,487 miles.
The Texas A Pacific was built under act of Congress of Maroh 3, 1871,
and other acts in 1872 to '74, and the laws of Texas.
la 1888 the company was reorganized pursuant to the plan in V. 43,
p. 164 and V. 45, p. 401, without having the Court confirm the sale in
foreclosure made in Nov.. 1887.
At the reorganization a Land Trust
was formed by the income and
land grant bondholders, who took the land and issued certificates of
of
whioh
are
listed at New York Stook Exownership, $10,369,410
change. (See V. 47, p. S3.) These are in the Supplement under the
" Miscellaneous
title Texas Pacific Land Trust in
Companies," the railroad company having no interest now in the land.
Trustee of first mortgage of 1888 is Fidelity Ins. Tr. A Safe Dep. Co.
of Philadelphia; of second mortgage of 1838 Mercantili Trust Co. of
N. Y. Unless full interest is paid on income bonds after March 1, 1892,
the income bondholders may take control. (See mortgage abstracts,
Chronicle, V. 47,
p. 82.)
Range of stock prices since May 9, 1888, of new stock, have been :
In 1888, 18 7826*; in 1889 to Sept. 20, 17a23.
The first aunual report since reorganization was in the Chro.vicle of
Maroh 9, 1889, p. 324, and reference should be made to that for details
of operation and financial condition.
1887.
1888
Gross earnings
$6,374,386 $8,153,768
5,071,669
5,965.186
Expenses
"
Net earnings
$218,582
$1,302,717
Improvement
acc't
New equipmentt
nil
nols State Line. 79 m., with coal branches, 41 m.; total, 120 m. Leases
Terre Haute A Loganaport RR., 183 m.j St. L. Van. A T. H., 158 m.;
total, 461m. Company leases also the St. Louis Vandalia A Terre Haute
Road on Joint account with the Pittsb. Cm. A St. Louis RR., at 30 per
cent of gross earnings, but guarantees the first and second mort. bonds.
In June, 1887, a controlling Interest in the stock was sold to Cincinnati
Hamilton A Dayton, but pledged by H. 8. Ives as security for loans and
payment of notes, and matter Is now in litigation. In year ending
Oct. 31, 1888, gross earnings $1,196,914: net earnings and other receipts, $312,752; interest and 6 per cent dividends, $261,289; loss on
T. B. A L. lease was $64,372; deficit, $12,910. Dividends since 1876
6 have been In 1877, 6 per cent; from 1878 to 1884, inclusive, 8; from
1885 to date at the rate of 6 per cent per annum. (V. 46, p. 32 1.)
to Rockville, Ind.,
Ac.
$100,321; interest, $90,000; surplus, $10,321.
Texas Central. Line of road from Ross, in McLennan Co., to
Albany, Texas, 177 miles Garrett to Roberts, 52 miles total, 229
niles. Is controlled in Houston A Texas Central interests, by which
sompany it is operated; but accounts are kept separate. The authorized
stock is $1,000,000; total issued, $200,265, of which H. A T. C. holds,
850,000 ; Morgan Co., $75,000 directors, $5,300. Defaulted in interest
In 1885, and road was to be sold June 29, 1887, bnt delayed by an appeal. An order allowing the issue of receivers' certificates was appealed
against in 1889. (See V. 48, p. 160.) In 1888, gross, $219,599: deficit
under operating expenses and taxes, $17,125, against $32,132 in 1887.
-(V. 44, p. 495; V. 48, p. 160.)
acot
income account, 1888.
Net earnings from operation
Aid other income
Total net income
From which were paid
Interest on bonds
Expenses prior to Dec. 1, 1887
$777,062
280,065
$315,913
332,544
$1,302,717
130,936
$1,433,653
$916,791
260.675
73,460
Rentals, interest, discount, Ac
182,721-$1,433,653
Balance applied to betterments
V.
384,
327,
490, 562.)
48, p.
-(V. 47, p. 82, 83, 344, 532, 690;
Tioga. State line junction, N. Y., to Hoytville, Pa., 61 miles, and
Blossburg, Pa., to Morris' Run, Pa., 3 miles, of whioh is leased Elmlra
State Line Railroad, State line New York to Northern Central Railway Junction. 7 miles; and Arnot A Pine Creek RR., Arnot June, to
Hoytville, Pa., 12 m. Controlled by N. Y. L. E. A W. In 1888, gross
earnings were $332,692; net, $131,855; surplus over interest, rentals,
Ac, $66,586. against $57,845 in 1887. The stock Is $391,200 common
and $189,700 preferred: par $50.
Toledo
Ann Arbor A North XHchlgan.
(Sf* Map.)
Owns
from Toledo, O., to Cadillac, Mich., 235 in., aud branohes to South Lyon
and Macon Stone Quarry, 10 m leases Tol. Sag. A Mackinac, East
Saitinaw to Durand on Det. Gr. Ha v. & Mil., 40 m.; total, 285 m. ExtenTerre Bant* A Peoria. Road operated from Terre Haute, via sion northwest of Cadillac to Lake Mich, in progress. Stock is $5,300,Decatur, to Peoria, 173 miles, of whloh|144 miles are owned. Formed in 000; par $100; car trust debt. $224,445. The first mort. of '81 covers
Jan., 1687, as successor of the 111. Midland, sold in foreclosure Sept. 30, the South. Di v.. formerly called the ToL A. A. A Gd. Trunk RR. and the
1886. That road embraced by consolidation the Peoria Atlanta A Dec- mortg. of '84 covers road between Auu Arbor and St. Louis, Mich. The
atur, Paris A Decatur and Paris A Terre Haute. Stock, $2,160,000 annual report for '88 was in V. 48, p. 588, 590, and showed the
pref. and $3,240,000 com.; par $100. The bonds were issued to pay off following comparative statistics for three years:
;
September,
1889.]
RAILEOAD STOCKS AND BONDS.
131
INVESTORS'
SUPPLEMENT.
[Vol. XLIX.
MAP OP THE
TOLEDO,
ANN ARBOR
AND
NORTH MICHIGAN
IAILWAY & CONNECTIONS.
oK-cwd Lliwt
I
September,
1889.
EAILEOAD STOCKS AND BONDS.
|
133
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
INTEREST OR DIVIDEN DS.
DESCRIPTION.
Miles Date Size, or
Amount Rate
Par
of
of
For explanation of column Headings, Ac, see notes
per When Where Payable, and by
Road. Bonds Value. Outstanding
Cent.
Whom.
on llrst page of tables.
Payable
54
20
RR.i Continued.) Consolidated mortgage
Extension bonds
Elmira State Line Railroadlst mort
Toledo Ann Arbor it A", if ichigan Stock
Tioga
7
mort., South. Div. (T. A. A. & G. T.)
mort., gold, Ann Arbor to St. Louis, Mich...
c*
M. T. A. A. AMt. Pleasant R'j.gold
e*
M.,Tol. a. A. A Cadillac Ry., gold
Tol. A. A.
Toledo Col. <t Cinn. let mort., sold (tor $2,800,000)
Toledo <t Ohio Central 1st mort. gold, interest guar
Car trusts. Series 1, 2 and 3
Toledo it Ohio Cent. txtens.Mar. Col. A Nor. let M.
1st
1st
let
1st
1st
AL M
M
T.AO.Cent.Kxt.contol.M.,gold, lor $1,500,000. c
Peoria <* Wc*f.-lst M.. new (for $5,000,000). c
Scrip for coupons in 1888 (payable at will)
lot.
Toledo
SI.
L.
<t
Kansas
C
1st M., g. (red. at 105)c*
Toledo Sag. & Muskegon let M.,g.,$17,000 p.m. o*Ar
Tonateanda Valley it Cuba 1st mort. ($500,000)..
Tucson Globe it .V.ltr.-lst M.,g.,.- f.for$-\000,OOO.o*
Tyrone it Clearjtietd Stock, 5 p. c. rental, Penn. RR.
r
let mort ($100,000 cum.), sink, fund, not dr"n
c
Ulster it Delairare 1st mortgage
c
2d mortgage income bonds
United N. J. RR. it Canal Co's. Stock, 10 p. c, gu.
Gold bonds of 1923
c
General m.,gola Apl. 20, 1871
"
c
iesueofl8f9
not
di^n..
..r
e.
fund
Co.'s
$40,000,
United
mort.,
do
sterling M , e. fd. $36,920, not dr*n
s. fd. $36,000, not di^n
do
do
r
do
gold loan
.
.
.
285
61
106
20
61
196
1876 $1,000
1875
1,000
1875 500, Ac
100
1881
1,000
1884
1,000
1886
1,000
18S6
1,000
1889
1,000
1889
1885
1,000
85,7,8
60
230
230
451
96
60
ibs
105
74
74
467
M.
$125,000
265,000
160,000
5,300,000
A.
A.
6
1,260,000
2,120,000
400,000
1,260,000
Nil.
)
3,000,000
648,105
1885 100 Ac.
650,000
1888
1,000
850,000
1887
1,000
4,500,000
1888 Various
135,000
1886
1,000
9,000,000
1883
1,000
1,560,000
1881
1,000
500,000
500 Ac.
165,000,
50
1,000,000
1882
1,000
1,000,000
1875
1,000
200,000
1875 500 Ac.
1,342,600
100 21,240,400
1883
1,000
1,824,000
73-"; 6
1889
1871
1869
1871
1878
1,000
1.000
1,000
200
200
1,000
5,669,000
6,020,000
2,000,000
1,846,000
1,800,000
841,000
g.
g.
A
A
A
N.
O.
O.
SUPPLEMENT.
INVESTORS'
XUX.
(Vol.
MAP OF THE
TOLEDO & OHIO CENTRAL
EXTENSION RAILROAD^
AND CONNECTIONS.
^^vS
Ceetalia
Berea
Grafton
"*"
ipHng"
MlCM
Korwalk
-
MonrocvfHej
.Hartland*
.Republic
t>3fedfna
^New London
a Chicago Jc.
Uooinvtlle.
AkronJ
^^foCutcfienvllle
fCaret,
West Salem^
/
p
"Wad&wortl
Crest un\
\AiuwcI]
4^W.Lciucrt
Clinton
X&tielby
Vernon Jchx.
wfarwrck.
X&,
^/A$hlShd
)
fon-YlUe
ITooste
fljlisfcus
BeacU.CitjfJ
o
MiUersburgh
/c
Canal
DoV
Klllbuck
Keene
peerless,,
^iCenterburgn^xV
B
"CLEVELAND!
^
Alary8vHle
,sit>/%
a^^
**
.-
.
-Martinsburgh
]\*
CoshoetouV
S\o
\\,Utica
JCreton
New
I
Comerstd'fl
yGalcna
nJotmstown
frlain
1
P"\Ve>tervine
City*
^Alexandria
Ha rV
\\c
;V
a*"
lllards^
P'TTSmm//
L^P.^ati
Union
sX^^'-V"'
C>mbrldj^
$V. Jefferson
Mltjl.
^\\Jhornport
^ anesv '"5<J^~^.^8 e
!.
*.
Cumberland^
tfLoJbkbourne
\
a,**
<*
V?%
<J>*
/o
[Cedar
^
,Yjs>
u
Run
Caldwe
relit
B.
Mc, ConneUville
r.O**
.
New
Ilollajld
Logan
> (*>
.cA
Ad,!l1' 1"
o Cedar Grove
\
^>^&^W
\)
AiUHeld
?V
Vf|^
rjJrtfi
!*;***
Starr
lllfleld
,
New Bern
.
W*
-J-
^ffifc
s^
4-
HIV.
-gSvO
A J J
jfi
.
o Eagle Mills
Ulicothe
.sal
,/
.
vScholry Bth
Mc Artliuri
iUlubrldjre
.Pleasant on
1
*\y
,jta
1
1
V**
//Albany
A\\e
0*
,.>>-
Hamdert
W'averlyt
Coalton(L-^ Relist on
"*
'
Ho ivA
Dyi'svlllc
Kingsbury
^o
September,
1889.
RAILKOAD STOCKS AND BONDS.
133*
136
INVESTORS'
Subscriber* will confer a great favor by giving
SUPPLEMENT.
[Vol. XL1X.
SEPTEMBER,
1889-1
RAILROAD STOCKS AND BONDS.
137
nas
INVESTORS'
SUPPLEMENT.
[Vou XLlX.
September,
KAILROAD STOCKS AND BONDS.
1889.]
13
Subscribers will confer a great favor by kI vlntj Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Date
Size, or
of
Par
For exi lanation of column headings, Ac, see notes
on first page of tables.
Bonds Value.
Ticksb. Shretep. <* Pac. Prior lien mort., gold ...o*
c*
1st mortgage, gold
3d M., and 1st M. on land, g., for $2,500,009... o*
Inc. bds., non cum. (there are also $127,000 old 6s)
1885
1881
1886
1887
6th series
Gen'lmort., int. guar, by R.
and
do
A
int.
do
do
2d
M
Louis Council Bluffs & Omaha 1st
Louis Ottumwa A C. R., 1st mort
Boone Co. A Booneville 1st mort., int. guar
8t.
St.
1881
1881
1881
1881
1881
1881
1886
1886
1879
D., $12,500,000.c'
guar, (endorsed)
ptin.
Charlottev.A Rapidan,U'secl)l8tM.,e.f.dr'nat 100
<&
Truckec
Stock
Virginia
Wabash BR. Stock for $27,300,000
Pref. stock (7, non cumulative) for $23,100,000.
1st mort , gold. sink, fund.not dr.($34,000,000).c
2d mort, gold ($14,000,00*1
Deb. bds., inc, non cum. ($bi,000,000),r t d.atpar
Hannibal A Naples 1st mortgage
8t. L. K. C. A No., 1st mort. (North Missouri)
do
real estate A railway 2d mort
do IstM.onSt. Char. Bridge.coup.orrg
Brunswick & Chillicothe 1st mort., int. guar
Ware River Stock, 7% rental guar.999 yre.B.AAlb.
1,000
1,000
Too
Va. Midl'dSt'ci ($3,577,333 owned by R.AW.P.T.)
Mort.,lstser.,lst M.Alex. toGordonsv.Abr.,97m.
2d series, (IstM. Chariot, to Lynch., 60m. <
do
do
3d series, 2d lien od 60 m.; 3d on 97 m..
do
4th series, 3 per oent for 10 years.
do
5th series, 1st on 115 miles
do
$1,000
1,000
1,000
100 Ao
Too
100
50
354
354
1889
1889
1889
1879
1865
1874
1878
1,000
1,000
1,000
1,000
1,000
1,000
1.000
100
42
42
22
38
49
1872
1887
1873
1878
1,000
100
Amount
Bonds Prlnol
INTEREST OR DIVIDENDS.
pal, When Dne.
When Where Payable, and by Slocks Las*
Cent,
Whom.
payable
Dividend.
Outstanding Rate per
$1,323,000
4,000,000
2,210.928
494,860
4,940,363
600,000
1,900,000
1,100,000
950,000
1,775,000
1,310.000
2,436,000
2,418,000
447,300
5,000,000
i*
M.
6 g. J.
3-4-5 g. J.
AN
A J
* J
N. Y., Central Trust Co.
N.Y., Farmers'L.AT.Co,
N. Y Central Trust Co
4
5
M.
M.
M.
M.
M.
M.
M.
M.
6
J.
"e"
6
6
3-4-5
5
5
5
6
A
A
A
A
A
A
A
A
&
S.
N.Y.,Rioh.
A
D., 2
Wall
do
do
do
do
do
8.
8,
8,
8.
8.
N. N.Y., Central Trust Co.
N,
do
do
J.
Phil. Tr. A Safe Dep.
(!)
(J)
(!>
(1)
& N.
A A.
A J.
A D.
A J.
M. A S.
A. A O.
A. A O.
M.
e
<t>
-
l
7
F.
J.
J.
J.
New York Agenoy.
do
do
il'-t
do
N. Y., Bk. of Commeroe.
500,000
7
do
do
6,000,000
7
do
do
3,000,000
do
do
1,000,000
do
do
388,500
6
do
do
626,000
A."i"b.
do
7to6to5
do
322,000
M. A N,
do
7
do
100,000
A.
6to8
F.
A
Boston
Bank
304,500
Redemp.
J. A J. Boston, Bost. A Alb. RR.
3ia
750,000
|*
Nov.
1,
1915
Jan. 1, 1920>
Jan. 1, 1918
Jan. 1, 1920
Mar.
1,
140
SUPPLEMENT.
INVESTORS'
[Vol. XLIX.
Subscriber* will confer a great favor by giving Immediate notice of any error dlacovered In these Tables.
Bonds PrtnolDESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal. When Due.
Amount Rate
of
Par
For explanation or column headings, Ac, see notes of
per When Where Payable, and by s/ocI.-s-Imm
Road Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend.
i
Warren IN.J.) Stock, 7
2d mort gage, now 1 st
1st consol.
%
perp. guar.
D.1.1W...
mort gage
Wash. City & It.LookoHtlm M.bonds g. Alex. Br.s.f.
West Jersey 8tock, $122. 2.">0 's
p. o. "special"...
c1st M., cum. sink. fd. $12,500 yearly, notdrn
lst
do
consolidated
Consolidated mortgage
Ocean City KR. bonds
Swedeshoro RR. b< nds
Woodstown A Swedeshoro,
Salem RR
e*
209
38
63
128
Id
*c
11
11
c'
r
1st
mort
d Allan lie- Stock
1st M. New field to Atlan. C.,33
,drn at lOO.cAr
Pleasantvllle A Ocean City, 1st mort
ctr
West Sliore 1st
guar, by N.Y.C.A Hud
W. Virginia Cent. <t fills. Stock
1st M.,g ($25,000 p. ni)
7i'm(A/.) 2d (nowi8t),gu.Cen.Ga.andGa.RR..c
Consol.
, geld, guar, by Cent. Ga. and Ga. RR..C*
Western & Atlantic (Ga) Income bonds
Western Maryland lat and 2d pref. mortgages ....
3d M., endorsed by Baltimore
West Jersey
18
18
18
12
m
M
c
M
4th mort. City of Baltimore stock
5th mort., hell by City of Baltimore, s. fd
Baltimore A Harrisburg RR., three 1st mint-....
Mort. (for $690,000)
1st M. West. Ext., guar, by indors.($240,000).e*
"40
33
7
448
96
60
138
138
138
90
90
90
90
"32
15
80
100
1888
1870
1875
1873
1,000
1866
800**
1869
1,800,000
7.->o.ooo
600,000
540.000
2,134,850
1,000,000
1,000.000
749,000
100.000
200,000
90,000
100,000
50
1879
500 Ac.
500 Ac
1868
100 Ac
t-s-j
1,000
1.000
"50
1880
1,000
1880 100 Ac.
1885 l.OOOAc
100
1881
1,000
1870
1.(100
1888
1,000
l.ooo
1873
58*68 500Ae.
1870 800 ,vc
1872
1887
887*50
1888
1,650,000
1,171,000
1,000
7
7
6g.
A.
A.
M.
J.
31*
M.
6
7
J.
6
6
7
6
4
6
4
6
A
A
A
M. A S Phil. Office, 233 So. 4th Sept. 16, 1889
M. A S. Phlla., Fidelity
T. Co. Sept. 1, 1910
J. A J Phila., Penn. RR. Office. July 1, 1910
J. A J. N. Y Gr'd Cent. Depot Jan. 1, 2361
Bait Co.'s Office.
March 1,1889
J. A J. W. Y. Office. 1 Brdway.
luly 1, 1911
A. A O. N.Y.KesslerACo.SiWall Oct. 1, 1890
A. A O.
do
do
Oct. 1. 1918
Atlanta, Co.'s Office.
Q-J.
Oct.. 1890
J. A J.
Jan '90 A '95
J. A J. Balt.,K. Mechanics' B'k
Jan.. 1900
J. A J.
do
do
Jan. 1, 1902
J. A J.
do
do
Jap. 1, 1927
Various Balt..Company'80fflces. 1892, '95 A '99
M. A N.
do
do
Nov. 1, 1936
M. A N.
do
do
May 1, 1938
.
8
1,000,000
1,800,000
207,000
483.000
240,000
A W.
RR. Oct., 1889
do
Oct. 16, 1900
do
March 1. 1905
Baltimore.Balt.A O.RR. June 1, 1913
Phlla.,Offlce,233 8o.4th Sept. 16, 1889
do
do
Jan., 1896
O.
do
do
Oct.. 1899
N
do
do
Nov., 1909
A.
do
do
Aug., 1925
D
do
do
Dec. 1898
N
do
do
May 1. 1912
Del., L.
do
do
,
1
6g.
4 Hi
(V
NY.,
I.
6
372,000
66,000
222,000
875,000
A O.
A O.
A 8.
AD
H.
A J.
A
A
2.H
255.000
80,000
50,000.000
5,550,000
1886
3>
g.
10
6
6
3>
"5"
Sg.
,
History, Organization, Ac The successive changes in the property
^Linea east of Mis. R.Wabash Westera.since the first important consolidation of roads in 1850 under the name
1887.
1888.
1887.
1888.
of Toledo Wabash A Western have been as follows: The Tol. Wab. A
$6,902, 1C9 $6,553,362 $6,518,062 $5,779,583
West was foreclosed June 10, 1876 and the Wabash Railway was or- Grose earnings
4,784,359 5,380,188 4,680,121 4,398,392
ganized J'*r. 1, 1877. embracing most of the lines east of the Missis- Operating expenses
sippi Klv r between Toledo and East St. Louis. The St. Louis Kansas
Net earnings
$2,117,750 $1,173,174 $1,837,938 $1,3 31,191
City A Noithern west of tie Mississippi River was formed In 1871 as
7,282
52,980
7,980
106,922
successor of the North Missouri Road foreclosed In August, 1871. The Other income
Wabash 8t. Louts A Pacific was formed Nov. 7, 1879, by a consolida
Total
net
Income
$2,125,032 $1,181,151 $1,890,918 $1,483,113
tion of the above Wabash and St. L. K. C. A N. i ailroads and their
592,357
394,006
653,268
419,231
branches. In April. 1883, this Wabash St. L. A Pac. was leased for 99 Taxes,r'nts,oartrusts,Ac.
years to the Sf. L. Iron Mountain A Southern, on the basis of pay ins
Balance
$1,532,675 $527,884 $1,496,912 $1,069,882
over surplus earnings, and without further liability to the lessee. In
916,733
925,497
May, 1864, receivers were appointed for the Wab. St. L. A P.. and the Int. on bonds and rentals
road was foreclosed Apiil 26, 1886, but there was litigation and delay,
$1,532,675 $527,834 $580,174 $143,385
the floating liabilities were large, and the original agreement could Surplus
be
carried
out.
not
Humphreys and Tutt were removed
(V. 47. p. 42, 327, 382, 473, 620; V. 43, p 68. 100, 190, 201, 325, 327
as receivers and Taos. M. Cooley appointed receiver for most of thelines
333.309,389,420,556,663,689,730,829; V. 49, p. 23, 145, 230,270east of tl e Miss. River and he was followed by John McNult*. The 301.)
lines west of the Mississippi were organized in March, 1887, as the Wa-
River. Palmer, Mass., to Wiuohendon, Mass., 49 miles. It
The St. L. Ott. A C. R. RR. was taken in by Wabash A West, in Nov., is Ware
leased for 999 years to the Boston A Albany Railroad at a rental of 7
1887, and bonds were issued on the road bearing 7 per cent interest per cent per annum. J. A. Runirlll, President,
Springfield, Mass.
till Oct., 1889, then 6 till 1892 and 5 per cent thereafter.
The Boone
Co. A Booneville RR. is leased to May, 1903. The Brunswick A ChilliLine
of
New
Junction to Delaware
N.
J,
road,
Hampton
Warren,
cothe was leased to St. L. K. C. A Nor. for 999 years. Its bonds bear 6
Bridge, N. J., 18*4 miles. The road is leased in perpetuity to Delaware
per cent Interest till Aug. 1, 1900, then 8 per cent till maturity. On Lackawanna A Western at 7 per cent on stock and bonds. John I.
April 1, 1887, the Eel River RR. was leased for 99 vears (see that com
Blair, President, Blalrstown, N. J.
pany.)
For tie principal lines east of the Mississippi Piver a new plan of rePoint Lookout. Hvattsvllle. Md., to
Washington City
was
made, dated Nov. 21, 1887, embodying parts of the
organization
This road was opened in 1873. Leased In perBid., 13 miles.
old plan of July 15, 1685, and an outline ofjthe principal Jeatnresof Shepherd,
to the Baltimore A Ohio for $36,000 gold p>r annum, being In.
this plan was published in the Investors' Supplement ap to January, petuity
teres', on debt (assumed by B. A O), and $3,600 for an accumulative
1889. Th's embraced the general plan of a foreclosure of the old mortsinking fund -no drawings. The stock paid In is $1,000,000.
gages and the creation of a new first mortgage bv the Consolidated
Company, payable in fifty years from November 1, 1887, bearing
West Jersey. Main line and branches Camden to Cape May
5 p*r cent interest in gold. Into this all the old first mortgage
Bridgeton, Riddleton, Sea Isle, Ocean City, Ac, 179 miles; West Jersey
bonds, funded debt and scrip pertaining thereto to be convertible. A Atlantic Railroad., 40
miles; total, 219 miles operated.
A new second n ortgage upon the lines east of the Mis issippi River,
Sinking fund of $12,500 yearly for bonds of 1896 is Invested in combearing 5 per oent Interest in goll. Iuto this the principal of the bonds
bonds
and
were eo held Feb. 1, 1899, including the
$598,250
pany's
of all the old second mortgages, the consolidated of 1867 and toe
$100,000 Ocean City RR. bonds and $100 000 Salem RR. bonds above.
sevens of 1879 to be convertible.
Dividends since 1830 have been: In 1881, 4; from 1882 to 1884, inThe Chioago Division was foreclosed March 11 and the other lines on
3 and 3 scrip; from 1885 to 1887, inclusive, 6; in 1889. e 1*;
May 15, 1889, and an organization was made pro forma until July 29. clusive,
in 1889, 7.
1689. when the consolidation was perfected between this company and
From
Jan. 1 to July.31, 1889 (7 raos.) gross earnings were $620,161,
the Wabash Western under the new title of "Wabash Railroad Comagainst $857,172 In 1888 ; net, $231,583, against $313,776.
pany," with mileage as above stated, and stocks and bonds as given in
The annual report for 1888 was published in the Chronicle, V. 48,
the table above, and with the following Directors: James F. Joy, Ossian
526. Income account has been as follows:
D. Ashley, Thomas H. Hubbard, Edgar T. Welles, Siiney Dillon, James p.
F. How, Charles M. Hays, George J. Gould, 8. C. Reynolds, John T.
income account.
Terry, Russell Sage. Officers: Ossian D Ashley, President; James F.
1889.
1885.
1886.
1887.
Vice-President
and
T.
How,
Welles, Vice-President;
Treasurer; Edgar
Q. M, Hays, General Manager, and J. C. Otterson, Secretary.
$
$
$
$
Receipts
1,296,012 1,352,458 1,469,215 1,556,033
8T0CKS and Bonds. The oapital stock is $52,400,000, of which Gross earnings
476.627
492,958
503,274
501,902
about $23,100,000 is pref., having a preference of 7 per cent per annum Net earnings
27,348
21,350
20,857
14,008
son-cumulative, and about $27,300,000 is common.
The bonds Other receipts
are as given in the table above, ant abstracts of all the mortwere
in
the
gages
Chronicle of August 31, 1989, V. 49, pp.
published
Totallnoome
490,625
524,624
513,815
529,250
270-273. The first mortgage covers lines both east and west of the
Mississippi, and enough bonds are retained to retire the prior liens on
Disbursements
$
$
$ ,
$
roads west ; but the second mortgage oovers only lines east of the Rentals paid
41,745
39,154
39,098
31,397
iver.
Interest on West Jer. debt.. 175,174
182,343
175.171
160,174
There were certain roads acquired free from mortgage which were Netearn.ofW.J.AA.RR.,Ao
81,990
90,652
6^,788
90,081
pledged by the Purchasing Committee to the Central Trust Co. In tiust: Dividends
138,082
89,140
89,113
89,142
6 p. c.
(1) To repay a ny unpaid advances made by the Trust Co. during reorgan6 p. c.
6 p. o.
Rate of dividend
O'sp. c.
48
ization, aud to provide for any ik.floiency In funis to pay interest on cer- Miscellaneous
tificate for bonds deposited. (2) To pay debts agaiust the Receivers
or Purchasing Committee not otherwise provided for. (3) And after
401,291
Total disbursements.... 385,375
401,140
427,489
the foregoing are satisfied the proceeds of these railroads and the
Hume. A- Shcn. bonds, when sold, form a sinking fund to purchase the Balance, surplus
123.484
112,524
101,761
105,250
first mortgage bonds at 105; but the bonds cannot be drawn.
These
roads were at that time the Des Moines A Northwestern, 115 miles; -(V. 45, p. 473, 614; V. 46. p. 191, 509 ; V. 48, p. 526.)
A
Des Moines A
St. Louis, 07; S:. L. Jerseyville A Springtteld, 71;
Springfield AN. W., 44; Peoria Tek in
Jacksonville, 75 Attica CovA South., 15; Champaign A Southeast., 12- total, 399 miles; aud
mortgage bonds of the Uutneston A Shenuudoah Railway to the amount
ot $1,342,000. (The Snrlngllel 1 A Northwestern and the Peoria Pekln
A Jacksonville, 1 1 9 miles, were dl-poscl of before July, 1S89, leaving
A
;
ington
279
miles.)
rMU*m
.
Orerations, Earnings, Ac The annual Interest oharge on the first
ami second mortgages will be about $2,615,000, and the debentures
call for $1, 800,000 per year when earned (but not cumulative), making
the charges ahead of preferred stock about $1,415,000.
For the whole comb! ed sy steal of roads east and west the earnings
reported monthly show from January 1, 1889, to July 31, 1889 (7
i
months), gross earnings of $6,829,814, against $(1,503,518 in 1888;
net earnings, $1,407,870, against *1,04,5 17 in 1888.
The earnings and Income account fir the past two calendar years of
the lines east of the Mississippi River operated by the Receiver, and of
all the lines operated by the Wabash Western were as follows
:
West Jersey A Atlantic Owns Newfield, N. J., to Atlantic City
total, 40 miles
J., S3 miles Pletusantville A Ocean City RR., 7 miles
N.
,
;
;
17, 1880, aud operated by West Jersey Railroad on a
|oint trafflo agreement and 2o per cent of gross receipts on West
from
of this road to be applied to any deficit in interest
traffic
Jersey
nd then as sinking fund for bonds purchasable at 105, or drawn at
105.
In
over
1887 netearnlngs were $78,456; In 1888, $32,787.
100,11
Opened June
-tV. 48,
p. 291.)
West Shore.
Line of road from Wcehawken, N. J., opposite N. Y.
Citv, to Buffalo, N.Y., with branches to Albany City and Rochester City,
about 448 miles in all. This oompa ny was organized in December, 1835.
Buffalo, sold in foreclosure.
as successor to the N. Y. West Shore
HudsoB
lease of the West Shore property to the New York Central
was
with the plan of
for
475
executed
incompliance
years
Company
reorganisation in 1885. The $10,000,000 of stock is owned by the
York Central Company in consideration of that company's guarantee
of the principal and Interest of the $50,000,000 of new bonds, the mort-
A
A
A
New
September,
EA1LR0AD STOCKS AND BONUS.
1889.]
141
Subscriber* will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds PrinotDESCRIPTION.
INTEREST OR DIVIDENDS.
MUe3 Date Size, or
pal,When Due,
Amount Rate
of
of
Par
For explanation of colunin headings, &c, see notes
per When Where Payable, and by Stocks Last
Outstanding
Road. Bonds Value.
on first page of tables.
Cent.
Whom
Dividend.
Payable
Western N. I.
Pennsylvania-Stock ($30,000,000)
dt
c*
1st mortgage ($10,000,000), gold
c*
2d mortgage (1st on equipment, etc.), gold
Income scrip, red. at opl'n
do
do
Warren & Franklin, 1st mortgage
c
Western North. Carolina 1st mortgage
1st consol. mortgage, gold ($12,500 p?r mile)..c*
2dconsol. mort. ($15,000 p. m.)
Western Pennsylvania 1st M., Blairs. to Butler
1st mortgage. Pittsb. Br., Freeport to Allegheny.
Consol. M. for $5,000,000 g.. guar., by Pa. RR..f'
While Water Stock ($325,000 of it pref.)
Wheeling dt Lake Erie.Pret. stock, 6 p.c, not cum.
o'
1st mortgage, gold
1st M.. Wheeling Div.,$ &
(2d on 186 miles) ..c'j
Wilm. Colum. <A.ug. Stock, 6 p. c, guar.Wil.&Wel.
.
1st
1887
1887
Income bonds, non cum gold
c*
c*
,
&
Minn. 1st mort., gold
do
income bonds, 6 p. cent, cum.
do
1st series, gold.csr
Wisconsin Cent RR. Consol.
Con. M, 2d ser"3, income (not cumula'velgold.c'&r
M
$100 $19,724,344
5 e- J.
8,700,000
20,000,000 3g.or5sc. A.
1,000
1,000
812 722
1865
1875
1884
1884
1863
93
65
187
187
50
500'ic,
800,000
850,000
2,675,000
4,110,000
790,000
435,000
3,000.000
1,300.000
3,600,000
3,000,000
1,500,000
960,000
1,600.000
500,000
2,500,000
936,000
2.260,000
2,500.000
380,000
l'.OOO
1,000
isn.->
500 &c.
100 &c.
1888
1,000
Too
1886
1889
1,000
1.000
1880
1887
1,000
1885
1,000
1.000
227
100
c
mortgage
Wilmington dt North. 1st M., 20-40's ($1,000,000).
Wilmington < Weldon Stock
Sinking fd. bds., g., provided ftar by gen'l mort c*
Qen'l mort. for $-1,000,000 ($12,000 per mlle)..c'
Cert, of indebtedness, non-cum., income
Special Trust certificates
Winona dt South W. 1st M., $18,500 p.m. gold...c*
c*
Wisconsin Cent. Co. 1st mort., gold
Chic Wis.
658
630
630
630
50
130
290
290
60
28
500
100
100
1888
1887
1887
1885
1885
1879
1879
All
All
122
326
326
A.
1,000
1,000
1,000
500Ac.
6
6
6
A.
4g-
J.
F.
A.
J.
,
None p lid.
N. Y. Office, 35 Wall St.
Raleigh. N. C.
N.Y.,Rieh.*Dan. 2Wall.
&
&
&
&
&
*
Jan. 1, 1937
Oct. 1, 1927
After 20 years
Feb. 1, 1896
May
1890
1914
1914
Philadelphia, Penn. RR. April 1, 1893
do
do
Jan. 1, 1896
do
do
June 1, 1928
1.
July
1,
Oct.,
Q.-F. N.Y.,
g
5
4
7
6
S
000
-
5
s-
5
gg.
7
40 Wall
St.
Aug. 15, 1889
J.
J.
J.
J.
J.
J.
J.
6
? g
g
Office,
& O. N.Y., Mercantile Tr. Co. Oct. 1, 1926
& J. N.Y ,Cent.Tr.Co.& Lona July 1, 1928
& J.
Wilmington, N. C.
July 10, 1889
& D. N. Y. and Baltimore. June 10, 1910
& D. Co.'s Offlce.Wilni. & Del. 1907-1927
& J. Wilm., N.C., Co.'s Office. July 15, 1889
& J. N.Y., Boat., Lond., Frank
1896
* J. N. Y. Bait. * London.
1935
A. & O.
Baltimore.
A.&O. N. Y., J. Walker & Sons. April 1. 1928
J. & J. N.Y.. 36 Wall & Boston July 1, 1937
A. & O.
No coupons paid.
July 1, 1937
M. & S New York, 36 W 11 St. Maroh 1, 1915
N o coupons paid.
& J. Boston, 50 State St.
Jan. 1, 1909
No coupons paid.
& J.
Jan., 1909
A.
-
8*
1,040,000
2,249.000
1,750,500
500 '*c.
6g.
t
8,571,000
12,000,000
9,('00
M.
J.
N. Y., Bk. of New York.
Paid 2>a scrip Oot '89
....
m
i",boo
7
7
&
&
&
&
gage is made to the Union Trust Co., as trustee, and covers the line of
road, Weehawken to Buffalo with branches. 448 miles in all, and also
the terminals at Weehawken by ownership of all the stoik and bonds of
the Terminal Company. The guarantee of the N. Y. Cent. * Hudson
is absolute as to interest and principal and is endorsed on each bond.
The report for 1887-83, was in the Chronicle V. 43. p. 98, and gave
the earnings for ten months only, from Dec. 1, 1887 as below.
1886-7.
1887-8.
West Va. Central * Pittsburg A coal and railroad company in
ffest Virginia in the upper Potomac region the Elk Garden Coal Field.
Owns road in operation from Piedmont, W. Va., to Davis, W. Va.,
58 miles: branches to Mineville and Elk Garden. 9 m.; operates Piedmont * Cumberland RR., Piedmont to Cumberland, 29 m.: total. 96 m.
Extensions in rogress. Owns 32,244 acres of coal and lumber lands
Gross earnings
Operating expenses
10moU>.
Line of
Road Selma
to Opelika, Ala., 116
miles; total, 138 miles.
miles: branch, Opelika to West Point, 22
Was a consolidation in 1870 of Montgomery * West Point and Western of Alabama. Sold May 10, 1875, in foreclosure and purchased
In
Jointly by the Georgia Railroad and Central Railroad of Georgia.
Sept., 1888, the consol. mortgage for $1,543,000 (Metropolitan Trust
Companv. New York, trustee) was issued to retire bonds falling due,
$1,171,000 bonds being reserved to retire 2ds. due Oct., 1890. In
1897-88 gross earnings were $496,209; net, $114,212; deficit under
interest. &c, $9,228. Stock, $3,000,000; pr, $100.
Western &. Atlantic Atlanta, Ga., to Chattanooga, Tenn., 138
Built by State of Georgia and opened in 1850, and by an act of
October 24, 1870, was leased to a company for twenty years at a monthly
rental of $25,000. Gross earnings in 1838, $1,315,736: net over expenses and taxes, $441,284. (V. 49, p. 270.)
miles.
Western Maryland. Lise of Road Baltimore to Williamsport
Md., 90 m. Leases - Bait. * Cum. Val. RR. and extension; Edgemont to
Shippeusburg, Pa., 34 miles; Bait. & Harris. RR., Emory Grove, Md.. to
Val'. y June, Pa.. 29 miles; Hanover Juno, to Ortanua, Pa., 32 miles;
western exlen.. Ortana to Fairfield, 5 miles, and operated branches, 19
miles; total, 209 miles. The Baltimore * Harrisburg was leased in Nov.,
1886, for 99 years.
The stock is $634,700; par. $50. Theoompany has been largely assisted
by the city of Baltimore.
Of the Bait. * Harrisburg RR the West Md. owns a large amount of
the $659,050 (par $50) stock; of the issue of $690,000 bonds, $207,000
are leld in trust to pay off prior morts. In 1888 a new mort was issued
to extend thi B. * H to Blue Ridge Summit. Md., 15 miles.
Fiscil year ends Sept. 30. Report for 1897-88 was in CHRONICLE, V.
47. p. 708. Operations on main line and B. & C. V. RR. (and including
also Bait. * Har. in 1887-88) aav. been as follows : 1886-7, gross
earnings. $659,434: net, $261,109; in 1887 3, gross, $771,210; net,
$290,684; betterments, $107,233. -(V. 47. p. T08; V. 48, p. 490; V.
.
49, p. 270.)
$754,564
$52,971
65,624
47,479
Taxes
Insurance, interest,
From
Western Alabama.
$417,666
Rentals
covered by the
;
10 months.
$2,567,938
1,813,373
Net earnings
Deduct
i
first morte., and has mineral riuhts on 5,407 acres more.
Jan. I to June 30, 1889, gross earnings were $345, 31s, against
$294,872; net, $101,503. against +109,166.
In 188-< net profits (coal and RR.) were $191,764; surplus over fixed
charges. $96,873. lu 1897, net profits on coai sales, $5 1,992 net from
railroad, $71,394; total net revenue, $123,376; interest paid, $68,560;
surplus, $60,635. First dividend, 1 p. c, was paid March 1, 1889. H. G.
Davis, Baltimore. President. (V. 46, p. 480, 610; V. 43, p. 129.)
$2,250,229
1,832,563
Net income
Interest on
&o
for 10 months
1st mortgage bonds
$166,074
$588,489
329,704
same period
$258,785
Surplus
198, 201, 245, 353, 413. 538, 539, 803; V, 47, p.
109, 161, 278; V. 43, p. 70, 98, 222, 389 V. 49, p. 239.)
(V. 46, p. 76, 173.
;
Western North Carolina. (See Map of Richmond it W. P. Term.)
Owns from Salisbury, N. (J., to Paint Kock, Tennessee State line, 190
miles Asheville to Jarretts, 100 miles ; total, 290 miles. Under con
struction Jarretts to Murphy. The road was financially embarrassed,
and was purchased April 17, 1875, by commissioners for the State of
North Carolina, and subsequently finished by the Rich.* West Point Ter.
Ry. & Wai;house Co. In May,'86, leased to the R. & D. tor $134,980, interest ou bonds. Stock, $4,o00,000 comuiou and $4,000,000 pref. The
second cons, mortgage for $4,110,000 and $1,325,000 of the 1st consols,
are deposited to secure the collateral trust of the Rich. & W. P. Term.,
which company alS) owns $3,168,300 com u on and $3,168,300 pref.
stock; $850,000 of 1st consols are reserved to retire the 7 per cents.
In 1887-83 gross earnings, $629,379; net, $85,222; deficit under
charges, $99,633. In year ending Sept. 30, 1887, gross earnings were
$660,599; net, $84,350; interest (not including any on bonds held by
deficit, $76,392.
R. & W. Pt Term.), $160,741
Sept. 30, '83, there was dueother companies, $1,243,016. (V. 46, p. 699.)
;
;
Western Pennsylvania. Owns
from Bolivar to Butler. Pa.. 70
Branch to Allegheny City. Pa., 28 miles; total. 98 miles. Anew lease
for
50
Railroad
to the Pennsylvania
years was made in 1883; rental net
earnings. The Pennsylvania Railroad, lessee, owns $1,753,350 of the
Theoonsol.
mort. bonds of 1388, guaranteed
stock
(par $50).
$1,775,000
by Penn. RR., replaoed old five per oents; $1,225,000 bonds are reserved
in
bonds.
Gross
1887,
$1,434,655; net, $528,241;
for prior
earnings
Gross in 1888, $1,470,258; net, $570,127. Dividends have been: In
in
in
6.
in
3;
1889,
(V. 46, p. 431.)
1886, 9;
1887,
1885, 6 per cent;
m
:
White Water.
miles.
This
Valley Junction, O., to Cambridge City, Ind., 65
was formerly the White Water
Valley, sold In foreclosure
In year ending April 30,
agaiust deficit of $5,408
2, 1878, and reorganized under this title.
18-S8, gross earns, were $96,853 : net, $2,601,
May
in 1886-87.
Elijah Smith, President.
Wheeling & Lake
Erie. Owns Toledo, O., to Bowerston, O., 174
Western
York
Pennsylvania. The 'line of road is miles, and branch to Huron, O., 12 m.; Wheeling Div., under construc-Buffalo Division-Buffalo, N. Y.. to Emporium, Pa., 121 "miles., Larabee, tion Bowerston to Martin's Ferry, opposite Wheeling, 42 m., and
Pa., to Clermont, Pa., 22; Pittsburg Division Buffalo, N. Y., to Oil branches, 8 m. Sold in foreclosure April 23, 1886, and reorganized in
City, Pa., 136; Titusville, Pa., to Pioneer. Pa., 9; Olean, N. Y., to July, 1886, with stock of $3,600,000 ($100 shares), which in March,
Oil City, Pa., 116 miles; Oil City to New Castle, Pa., 66
Tryonville 1888, was made a preferred 6 per cent non-cumulative stock, common
to Union City, 17 miles. Rochester Division Rochester. N. v., to Hins- stock f >r $3,500,000 being authorized. Dividends on pref. stock have
dale, N. Y., 99; Olean, N. Y., to Bradford, Pa., 26; Bradford, Pa., to been In 1888 3 per cent; in 1839 to date, 3. Mortgage of 1889 for $1,Klnzua, Pa., 26 Eldred to Tarport. 18 miles Genessee Valley Ter. RR., 500,001) was issued to extend the road to Wheeling from Bowerston, O.,
3 miles; total operated, Sept. 30, 1888, 658 miles, of which 36 miles and the oontraotor pays the interest on this till July, 1889. In year
ised. The iwain's Branch, owned 11 miles, is leased to L. & PRR. ending June 30, 1889, gross earnings $870,495; net, $ >2i,400; surplus
Branch to Johnsonburg on FhiL * Erie.
over interest and taxes ($171,933) and dividend paid (4 p. ct, $144,866)
This company was organized Nov. 22, 1887, as successor to the Buf- $9,601.-(V. 46, p. 371, 538, 650; V. 47, p. 139, 325, 563; V. 48. p. 38.)
falo New York * Philadelphia (a consolidation of 1883), which beoame
Augusta. Owns from Wilmington,
Wilmington Columbia
embarrassed in 1884 and was sold in foreclosure Sept. 15, 1887. The
Leases jointly with Northeast9. C, 189 miles.
plan of reorganization dated Feb., 1886, was in the Chronicle, V. 42, p. N. C, t> Columbia,
242. Of the old bonds all but $900,000 Warren & Frankllu bonds are ern 8. C. RR., the Central RR. of South Carolina, Lane, 8. C, to Sumter,
227
miles.
miles.
Total
33
operated,
retired, and for these first mortgage bonds are retained to pav them in 8. 0.i
Road was sold in foreclosure, October, 1879, for $860,500, and com1896. The 2d niortg. bonds are second lien on the railroad and first
"on terminals, coal and equipment, subject to lease of terminals and
any reorganized under present style. Divi lends of 6 per oent yearly
1831.
equipment to 1st mortg. bondholders if foreclosed" Till Jan., 1898, S avo been paid sinoe
In June, 1885. the road and property of this company were leased for
they bear interest at the rate of 3 per cent, but till 1893 interest may
be paid wholly or partly In scrip as follows: 1 per cent oash 4 scrip; lHi 99 years to the Wilmington & Weldon, the lessee to pay all interest and
cash scrip: 2 cash 2 scrip; 2>a cash 1 scrip; or 5 per cent if paid all in fixed charges and 6 per cent dividend on the stock, payable seml-annnally In January and July. In year ending Sept. 30, 1887, net receipts
scrip; after 1898 the rate is 4 p. o. cash and, if earned, 7 per cent may
be paid, but after 3 per cent lias been paid on second mirtgage bonds, were $269 144; the surplus income over interest and dividends was
the stock and seconds sliar.: alike. The Bcrip Issued for intorest bears $15,544; paid deficit Central RR. of 8 C, $2,753; in 1887-83, gross
surplus $18,49 3 over interest and dividends.
5 per cent interest, nun-cumulative, payable only if earned, Is secured $779,989; net $240,648
(V. 47, p. 801.)
by the coupons placed in trust therefor, and is due 20 years from date
but redeemable at option. It is convertible into income debentures
Northern. Owns from Wilmington Del., to
Wilmington
also non-cumulative, and oayable at option.
Trustee or 1st mort,, Birdsboro, Pa., 64 miles branches, 24 miles; total owned 87 miles;
Mercantile Trust Co., of N.tf.; of 2d mort. Fidelity T. 4 S. Dep. Co. trackage leased, 5 miles; total operated, 92 miles. This company
it Philadelphia.
(See mortgage abstracts. Chronicle, V. 47, p. 109.)
was organized Jan. 18, 1877, as successor to the Wilmington *. Reading
Seeond mortgage coupons due tn 1888 were paid in scrip.
RR. Co., which defaulted on its interest and was sold in foreclosure Deo.
From Oct 1, 1889, to July 31, 1889 (10 months), gross earnings were 4. 1876.
The mortgage for $1,000,000 was authorized to cancel exist2,677,856, against $2,418,878 in 1887-8; net, $549,803, agst. $661,186. ing debts and to pay for improvements; but only $500,000 can bo issued
New
&
;
:
;
;
&
;
&
;
SUPPLEMENT.
INVESTORS'
149
XL1X.
[Vol.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In theae Table*.
Bonds PrinclINTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Hate
SUe or
pal.When Due.
Amount Rate
Road
of
Par
r explanation of column heading*. 4c, see notes
Storks Last
per When Where Payable, and by
on first page of tables.
4C'nM Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Worcttter
Nashua
<t
W.N. 4 K. Mortgage
Zane: * Ohio River letM.,
noo
04
Rochester Stock
Bonds, mortgage
Bonds, mortgage
lTashiia4 Koch, 1st mortgage
gold, $25,000
1H73 .'.IK) Ac.
1875 100040.
o*
e*
0*
0p. ni..c*
46
94
74
1*74
,-joo
lRwr,
H.099.KOO
250,000
40O.000
&65.OO0
150,000
1,700,000
a.
4c
1.0(H)
LOO
5
A.
4
6g.
J.
F.
4
4
4
4
4
4
5
J.
J.
4
4
6
5
6
6
6
J.
J.
J.
3
5
J.
5
r.
A.
J
Worcester, Office.
O. Boat., Globe Nat. Bank,
A.
do
do
O.
do
do
do
J.
1,
1,
1,
1,
1,
Fed
1889.
1,
2,
April
Feb.
April
July
do
A. Last paid Feb.
July
1889
1893
1895
1894
1906
1916
CANALS.
Chesapeake * Delatearc Stock
r
1st mortgage (extended In 1886)
Chesapeake <* Ohio Maryland loan, sinking fund..
Maryland loan, guar., sterling
Bonds having next preference
Bepair bonds, Act 1878, first Hen
Dttaxcare Division 1st M. (ext'd 20 rrs.
Delaware <* Hudson Stock
1st in. on property in New York State
in 1878). c
in.
I,
eh.
A Sus. RR. Mauch Chunk
to Easton..r
2dM.onCan ,Coal4RR.andlstM.Nant.RR.,26ni.o'
Oone.3dM.Canal,Coal4122in.RR.;2dM.26m.RR.
Greenw'd2d on 1,254 acres coal land (ext'd,'77).r
r
General mortgage for $15,000,000, gold
78-'89
1858
1,000
100
1871
1,000
1874
1,000
1877 10004c.
1874 100 4c
50
1864
Var.
1867
Var.
1867
5004c
1871
1,000
1872
1,000
1884
1,000
14
339
124
46
196
196
209
on present mileage. Gross earnings
$50
500 4c.
500 4c.
500 4c.
500 4c
1880
r
c*
Debentures secured bv Penn. Div. bonds
1st M. on Pennsylvania Div. ($10,000,000).. c.tr
Schenectady 4 Duan, 1st mortg.. Int. guar...
Lthiuh Coal & Navigation Stock
lat m. canal.6,030 acres coal and 76 ni.L.48.RB.r
1st
14
14
184
184
184
184
60
686
;
;
;
:
Receipts-
1884-5.
1885-6.
1886-7.
$403,078
$477,282
$557,085
8713,417
$79,365
$138,353
$327,708
$355,020
1887-8.
Bonds.
Wisconsin 4 Minnesota
Minn. St. Croix 4 Wis... $2,371,000
Chin. Falls 4 Western
St. Paul 4 8t. Croix Falls
110,000
Wis. Cent. RR...
a\
Bonds.
$640,000
$540,000
728,1.00
1,248,C00
no
do
do
do
do
4 Lake Winnebago RR
leased for 99 years; the rental
Oct. 1, 1894
Sept. 1, 1917
Sept. 1, 1924
Juue
1869
1914
11,
July
1,
Feb. 1, 1897
Dec. 15, 1897
June
1,
1911
Feb. 1, 1892
May
1924
1,
,
from Neenah to Schleislnger-
37>s per cent of gross earnings
is
:
1885.
Net earnings
Rentals, car serv.,
Common
4c.
$519,123
310,406
1886.
$1,565,313
1,182,080
1887.
$2,050,291
1,509,581
1868.
$2,040,677
1,550,816
$383,233
366,559
$540,710
473,842
$489,861
685,300
$66,868
$195,439
Balanoe
S208.716
$46,674
-(V. 45, p. 26, 240, 573; V. 46, p. 228; V. 47,p. 1 07; V. 48, p. 190, 327, 428.)
Worcester Nashua 4 Rochester. Owns from Worcester to
Nashua and Nashua to Rochester. 94 miles. Consolidation 1883, of Worcester 4 Nashua and Nashua 4 Rochester.
In October, 1885, a lease of this property for 50 years, from Jan. 1,
1886, was made to the Boston 4 Maine RR. Co. at a rental of $2.i0,000
and taxes. For 1887-8 rental $250,000: net over all fixed charges,
$162,798; paid dividend at 6 per cent, $183,834 deficit, $21,036 total
deficit to Sept. 30. 1888. $192,051. Dividends since 1883 have been:
In 1834, l>a; in 1 S85, 3 and 17 stock in 1886, 3; iu 1887 and 1888, 6 ;
in 1889 to date, 3.
Zauesvllle & Ohio RlTer. Owns from ZanesviUe, O., to
Hannar, on the Ohio River, opposite Marietta, about. 80 miles, including branches, 6 miles. Whole line put in operation in July, 1888.
At Malta road connects with the Shawnee 4 Muskingum River Railway, constructed by parties Interested in the Z. 4 0., and having a
coal traffic secured by contract for a term of 30 yeirs. The mortgage
;
;
;
for $2,000,000; the Mercantile Trust Co. of N. Y. is trustee.
In August, 1889, Interest was defaulted on the bonds and a committee of bondholders appointed. See V. 49, p. 178.- (V. 47, p. 50; V. 49,
p. 178, 236.)
Is
securities, viz.:
Preferred
.
Gross earnings
$1,461,004
941,881
Operating expenses...
t
Income
4D.
4 D.
do
|
up to $175,000 per year, all surplus to go equally to lessor and lessee,
and the bonds are issued subject to this lease.
The exchange of stocks and bonds by Wisconsin Central holders was
optional, and in the table above is given the amount not exchanged
prior to May, 1889.
For four years the earnings, 4c, were
Wisconsin Central Company. This company was organized
June, ) 887, to gather into a single corporation the ownership and control
of the Wisconsin Central Associated Lines, viz.: Minnesota St. Croix 4
Wisconsin, 106 miles; Wisconsin 4 Minnesota, 58 miles; Chippewa Falls 4
Western, 10 miles; St. Paul 4 St. Croix Falls, 4 miles; Penokee, 49 miles;
Packwaukee 4 Montello, 8 miles; Wisconsin Central RR., 352 miles;
and the leased lines, Milwaukee 4 Lake Winnebago, 65 miles and
Chicago Wisconsin 4 Minnesota, 122 miles; total, 774 miles, of which
t35 miles, being the property ot the first six roads, has been acquired
and is now operated by the company, and also the Ch. Wis. 4 Minn.,
leased. Fiscal year ends June 30.
In May, 1689, an arrangement for Northern Pacific to run over
the lines of this company into St. Paul and Chicago was made by a contract fur 9!) j en rs from July 1, 1889. By this the Wisconsin Central
receives at Ashland and St.Paul, Northern Pacific business, and delivers
it in Chicago, and receives Cbloago business destined for the Northern
Pacific. The Wisconsin Cintral retains 35 per cent of its gross earnings, and appropriates the 65 per cent to Northern Pacific for opt rating
expenses ana certain improvements. If the operating expenses are
leas han 65 per cent, the Northern Faci tie receives a sum equal to onehalf of the IflVrence. If the operating expenses exceed 65 per cent,
the Wisconsin Centra) pays not exceeding 2>a per cent of this excess
out of its 35 per oent, and will divide one half of any excess of operating expenses above 67^ per cent of the gross earnings equally between
the Wisconsin Central and the Northern Pacifio companies. The North.
Pac, however, is not bound to pay its one-half of such excess, excepting
out of futur profits received under the contract with the Wise. Central
The Wisconsin Central Company had acquired up to May 15, 1889, the
1st Mort.
do
do
do
do
do
do
.
1,
vllle, is
,
and
do
do
do
Philadelphia, Office.
7
F. 4 A.
4>sg Q. F.
The Milwaukee
Total
$245,957
$338,353
$527,708
$551,020
$138,929
$29,377
Balance, surplus.. $157,121
$158,397
In 1886-87 the net receipts Include those from the W. C. 4 A. lease
and the int. payments, $175,000, paid on certifioatess of indebtadness.
(V. 47, p. 801.)
Winona A Son tl western. Road projected from Winona, Minn.,
to Omaha, Neb., 375 miles, oomplettd from Winona to Bear Creek, 21 m.
Has close alliance with Green Bay Winona 4 St. Paul RR. Trustee )!
mortgage (for $6,950,000), Farmers' Loan 4 Trust Co. Stock: Common
3,750,000; prcf., $3,750,000. (See V. 46, p. 819; V. 47, p. 140, 626.)
tics
do
do
do
consin Central Company consolidated lines.
There was a land grant of 831,976 acres, of which to Dec. 31, 1887,
222,410 acres had been sold for $624,453, and 2.473 town lots and 28
blocks for$113,747,receiptsfrompinestumpageto tbat date being $909,270. Interest on the second series of bonds is payable Jan. and July, but
dependent each time on the net earnings of the half year ending six
months before. The stock of $2,000,000 preferred and $9,435,500 common was deposited in trust with Stewart and Abbot, Trustees, to bo
voted on until all interest should be earned and paid on bonds. Trustees' certificates for new stock (without voting power) were issued to
the old stockholders, which pass as a delivery on sales. Nenrly all the
stock is owned by the Wis. Central Company (see above.) Proceeds of
land sales go to sinking fund for bonds: no drawings.
Dividends.... (8%) 166,592 (8%) 200,000 i%%) 200,000 (8%) 200,000
following propel
1898
July 1. 1898
N. Y.Of.,2lCortlaudt Sept. 16, 1869
do
do
Jan. 1, 1891
;
Disbursements
Interest
1890
1885
Q-F.
J.
J.
July 1. 1916
1870
waukee 4 Lake Winnebago, Neenah to Schlcisingerville, 64 miles;
Packwaukee to Montello, 7 miles;, operated under contract, Milwaukee
to Schlcisingerville, 33 miles. Total operated, 450 miles. This road is
still operated independently by trustees, but in harmony with the Wis-
;
Wet earnings
6
do
Jan., 1887. last paid.
Phlla., 226 So. 3d st.
Q-J.
4>a
?*
do
4 Great Western
;
;
12.821,800
5,000,000
2,000.000
1.843,000
2,466.000
643,000
2,535.000
fo
opt.
Scotland Neck, 43 m.
Tarboro, 17 m.
Fayetteville,
Warsaw, 13m.; total owned, 326 miles.
Spring Hope, 20 m.
Operates Alliermarle 4 Raleigh RR., Willlamston to Tarboro, 32 miles
Midland of N. C. RR., Goldsboro to Smithfield, 22 m. Florence RR.,
37 id. Manchester 4 Aug., 16 m. Leases Wil. Col. 4 Augusta, 189 m.
Central South Car. (Jointly with N. E. So. Car. RB.) 38 m. Total of all
650 miles. Extension to Greenville and to Plymouth, N. C, 36 miles, in
progress. Leased Nov., '72, to Wi). Col. 4 Aug RR. for 99 years. The
leasees made default December, 1877, and the lease was surrendered
April 13,1878. In June, 1885, this company took a lease for 99 years
of the Wilmington Columbia 4 Augusta. (See that company above.)
There was Sept. 30, '88, $1,768,931 to the credit of the sinking fund.
The certificates of indebtedness, $2,500,000, were distributed to
stockholders in January, 1887, as a scrip dividend.
Dividends since 1877 have been From 1878 to 1881, inclusive, 3 per
ent; in 1882 and 1883, 6; from 1884 to 1889, inclusive, 8.
The fiscal year ends Sept. 30. Report for 1887-88 was in Chronicle,
T. 47, p. 801, giving earnings on 322 miles. Including Midland of N. C.
INCOME ACCOUNT.
;
n
4 J.
4 J.
4 J.
1\
7
rMch.
4 J
A. 4 O.
7
7
M. 4 S.
6
M. 4 8.
2i
J. 4 D.
500.0(10
Philadelphia, Office,
J.
4 Minnesota, from Sohleisingerville to Chicaterminals in Cook Co., 111., 122 miles, was leased
1885, in perpetuity to Wisconsin 4 Minnesota, now absorbed by
Wisconsin Central Co. Rental is 3750 per cent of gross earnings, less
its proportion of terminal charges, but surplus rental over $350,000
yearly is divided equally with lessee. The earnings on the entire system (including Wisconsin Central RR.) were $2,144,582 for 7 months,
Jan. 1 to July 31, 1889, against $2,011,909 in 1888; net, $679,911 in
1889. (V.46,p. 471, 8*6; V. 47, p. 52, 473; V. 48, p. 327, 452, 590, 629,
855; V. 49, p. 23.)
Wisconsin Central Railroad. Owns the main line and
branches, Menasha to Ashland, 253 in.; Stevens Point to Portage City,
71 in branches and spurs, 25 in.; total owned, 349 in. Leases: Mil-
;
Wlmlngton 4 Weldon. Owns Wilmington to Weldon, N.C., 162
71m.;
D.
The Chicago Wisconsin
In 1886, $384,237 net earnings,
$54,272; other receipts $1,680. In 1887 gross $383,336; net over
over
fixed charges, $36,347. Paid
and
taxes,
$49,075;
surplus
expenses
Interest, $12,570; bonds redeemed, $2,400. (V. 45, p. 614.)
miles; branches
$1,903,238
2,602,950
2,000,000
4,375,000
1,699,500
500,000
800.OO0
24,500,000
5,549,000
4,829,000
5,000,000
Chesapeake
CANALS.
City, Md.
4 Delaware. Delaware City to Chesapeake
and an
Stock
over-issue
In July, 1886, a heavv defalcation by the Treasurer
$810,000 of bonds was discovered, amounting to $609,200, and In 1886 the oora832,000 pany retired its old bonds and issued $2,602,950 of new 5 per cent
160,000 bonds maturing iu 1916, thus covering the over-issue. (See V. 43, p.
54,000
36,000 367.) In the year ending May 31, 1889, gross receipts were $190,546
1,800,000
8,285.600 and net $143,340; surplus over interest, $13,192. (V. 47, p. 801.)
\\
Jlo'^soo }
Penokee
500,000
500,000
1,334,000
1,500,000
Chesapeake & Ohio. This company was assisted with loans by the
Paekw an kee 4 Montello
84,000
70,000
65,000 State of Maryland. It has long been unable to meet its interest, except
on the Repair bonds of 1878. and these too have been in default since
Total
$9,399,500 $1,868,000 $4,212,000 $11,688,600 Jan., 1887. The Bait. 4 Ohio own a majority of these bonds. In addition
above indebtedness, the company owed Jan., 1888, $1,600,500 in
Together with sundry notes, scrip and other floating obligations of to the
the shape of small Issues of bonds, debt certificates, pay roll accounts,
these companies, amounting to $726,188.
In 1887, gross earnings were $129,2i>7; expenses, $174,294.
Its total capitalization is as follows: First mortgage bonds, $12,- etc
46, p.
000,000 at 5 rer cent; lucome bonds, $9,000,000 at 5 per cent. In 1888 gross earnings were $129,469; exienscs, $126,769.-(V.
38; V. 49, p. 21.)
Doncumiilntlve: preferred stock, $3,000,000 at 6 per cent, cumulative
at
Co.
4
Coal
Navigation
common st( ck, $12,000,000. Trustees of mortgages, John A. Stewart,
Delaware Dlvision.-Leased to Lehigh
of New Yoik, and Edwin II. Abbot, of Cambridge, Mass.
interest on bonds and .4 percent a year on stock (payable, Q r,j
Stock.
;
;
Septembeb,
CANAL STOCKS AND BONDS.
1899.
MAP OF THE
DELAWARE & HUDSON
CANAL COMPANY'S
143
CANAL AND MISCELLANEOUS STOCKS AND BONDS.
144
[Vou XL1X.
Subscriber* will confer a great favor by glvlug Immediate notice of any error discovered In these Table*.
Stock, consul. 4 p.c. gu, 999 yrs. by Lehigh V.
Preferred stock, 10 p. c. gu. 999 yrs. by Lehigh V.
o
1st Mortgage
Ptnwylrania Stock
Gen. mortg., s. f.. Interest guar'd by Penn. RR..C*
tehuyJkill Navigation 1st mortgage, extended....
aforris
INTEREST OR DIVIDENDS.
mm When Where Payable, and
kUles
DESCRIPTION.
of
Date
of
For explanation of column headings, Ac., see notes Ro'dA
(.'anal. Bonds.
on first page of tables.
,
103
103
103
316
316
Slie, or
Par
Vain.-.
100
76-'85
1,000
187*6
1,000
1,000
1,000
1863
1864
1839
1859
1884
1872
1,000
1,000
Debentures ($2,000,000) red. at 110 aft. Aug. 1, 1890. cAr 18S8
Amer. Tel. <1 Cable Stock, guar. 5 by West. Union
Am.Coal (Maryland) Stock
500,.Vi-.
2d mortgage
Mortgage bonds, coup, (payable by P. A R.)
Boat and oar loan, (paybleby F. sB)
do
do )
Boat and car loan
tutquekanna Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
pref. and priority bonds.
so
bonds of 1872, 4th mort
(
50
l'.obo
500
1,000
Amount
Outstanding
$1,025,000
1,175,000
1,000,000
4,501,200
2,738.000
9.676
107,369
136,000
]
Rati
Cent.
F.
F.
A.
6
132,200^
1,000,000
74,000
40.900
14,000
MISCELLANEOUS.
Adamt
E-tprctt Stock
Bell Telephone
American
....
Stock
($.:<
',000,000 authorized)
100
100
100
25
12,000,000
12,462,100
2,000,000
14,000,000
1,500,000
Payable
2
3
7
1*
3
A
A
A
Whom.
Bond*
pal,
A.iLeh. Val.RR.Co., Phlla.
A.
do
do
O.
do
do
Princi-
When Due.
by Stoekt
Last
Dividend.
September,
1889.]
MISCELLANEOUS STOCKS AND BONDS.
I
1.1
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
Date Size, or
Amount Rate
Par
of
column headings, 4c, see notes on
per When Where Payable, and by
Bonds Value. Outstanding Cent.
Whom,
first page of tables.
Payable
of
,
American Cotton Oil rs<-Certiflcates
American Erpress Stock
Cahaba Coal Mining Stock
1st mortgage sink, fund red. at 110
Cameron Iron Coal Co
Canton Company Stock (44,300 shares)
Central <t South American Telegraph Stock
Chicago Cas Trust Stock
Chic Gas Light A Coke, 1st mort.,g.,guar
People's Gas Light* Coke, 1st mort.,g., guar
2d mortgage, guar
Equitable Gas Light & Fuel, 1st rnort., guar
Consumers' Gas, 1st niort., guar
$100 $42,185,228
100 18,000,000
100
1,400,000
,
1886
Colorado Coal
tt
Iron
Stock
16=4
100
100
o
c
o
o*
c
1887
1874
1874
1885
1886
1,000
1880
1,000
1887
1,000
100
,
,
Too
1872
1,000
100
1881 500 40
1878
1,000
1838
1,000
1881
1,000
ibo
Bonds
1,000
Certificates of indebtedness, red. in
Stock
1,000
1,000
100
Debentures (.480,000) nayable $40,C00 per annum...
Consolidated Electric Lig /it Stoek
...-0
Debenture bonds
*
..
Consolidation Coal of Maryland Stock
1st mort., consolidated, eon vertible into stock at par..
Consolidated Cat (N. Y.)- Stock
c*
1st more, Metropolitan Gaslight Co
c*
1st mort Knickerbocker Gaslight Co. sink, fund
t
Debentures for $3,000,000
Detroit Mack, it Marquette Land Co. M.(ino.),red.at 100. r
Edison Blectric Illuminating Stock
Emtitable Com Light Co. of New York Stock
it
500
500
100
-
lstconsol. mort., gold, accnm., sink. fd. not drawn.. c
Columbus it Hocking Coal it Iron Co. Stook
lstM.,g.,s.fd (13,351 acr's l'd.min's A b'd'gs) not drn.c
Commercial Cable Stock ($10,000,000)
Bold
1,000
100
<
Tel.
Btock. rental guar.
1891
6% 99 yrs.W.TJn.Tel,
1886
"ibo
750,000
3,000,000
719,875
4,006,600
25,000,000
7,650.000
2,100,000
2,500,000
2,000,000
3,832,000
10,000,000
3.499,000
4,700,000
1,000,000
6,716,000
2,337,600
2,500,000
291.400
10,250,000
1,100,000
35,430,060
658.000
610,000
1,000,000
4,216,000
1,500,000
4,000,000
1,000,000
750,000
5,000,000
J.
J.
A J
& "j,
ti-j.
1
l g
-
J.
6g. M.
6*. J.
6g. J.
5
g-
J.
&"j.
A N.
A D.
A J.
A D
'6g.
F. "i" A.
6g.
J.
l"a
..
a'j.
Q.-J.
o
6
2H
6
2>a
6
6
5
7
1
2
6
6
l>fl
146
INVESTORS'
SUPPLEMENT.
'Vou XL1X.
September,
MISCELLANEOUS STOCKS AND BONDS.
1689.]
147
Subscrlbersjwill confer ajgreat favor by giving Immediate notice of anyjerror discovered In these Tables.
Bonds PrineiINTEREST OR DIVIDENDS.
DESCRIPTION.
Date Size, or
pal.When Due.
Amount Rate
of
Par
When Where Payable, and by Stocks Last
For explanation of column headings, &c, see notes on first
pel
Bonds Value. Outstanding
Cent.
Whom.
Dividend
Payable
page of tables.
500
$100
100
500
o 1881
Bonds
Lehigh* Wilkesbarre Ooal Leh. Coal & Nav. M.,g., assumed 1867 500 &o.
do
do
Mort. convert., gold, assumed 1369 500 &c.
200
c 1874
Sterling loan, sinking fund, drawn at 100
Consol. mort. ($6,116,000 income held by Cent. N. J.L.c 1875
1,000
o
Sundry real estate mortgages
c 1888
5s of 1912, cumulative sinking fund (not drawn)
1,000
Income " B " bonds not cum. held by Cent. N. J
Too
Coal
in
1876
last
dividend
Han/land
Stock,
paid
1st m., drawn at 100 (sink, f'd has retired $105,000) ..e*
1,000
500
Maxwell Ld. Or. Pr'rlienbds,g.,red.at 100(orllOatmat.)o 1888"
Gold
<t
Stock
Tel.
c
Bonds, not mortgage
yrs., W. union..
(Continued)
Iron Steamboat
Metropolitan Tel. dcTeleg. Co.
Mexican Telegraph Stock
1st M.,g.,s.f. (not dr'n) .c&r
.
Minnesota Iron Oo. Stock
New Central Coal Stock
Xeic Eng. rer.--lstM., $800,000, g., s.f., drn. atllO ....0.
K. r. Mutual Tel. 1st m., g.. gu.by W.U.,s.f ,1 p.o.notd'n.o
Sea York <t Perry Coal <t Ir u -. Oo. Stock
Hew Torkd Texas Land (Limited) Stock
Land scrip receivable 75 per cent for lands
Northwestern Tel. Stock, 4 rising to 6p.c, guar. West. Un.
1st mort., sink, fund, bonds not drawn, interest guar..e*
..
Oregon Improvement Co. Stock, common
Preferred stock. 7per cent, non-cuniulativo
1st M., g., s.f. 1 p.o.y'rly, red.at 100, If notpurch.at 106.C
PaciAc Mail Steamship -Stock
Pennsylvania Coal Stock
Philadelphia Company (Natural Gas) Stock
1st M. for $2,500,000, s.fd. $250,000 y'rly, not di^n. ..o*
Postal Telegraph Cable Co. Stock
1888
1,000
100
100
100
1889
1881
500
100
100
1,000
100
50
50
1888
1,000
and agricultural purposes.
(See map in Supplement of Maroh
and prior issues.) The estate is traversed by the Atchison Topeka
& Santa Fe Railroad from north to south,
and the Denver &
Fort Worth Railroad. Ttm prior lien bonds are authorized for
$3,000,000, payable at 110 at maturity, or redeemable at par from
proceeds of land sales. The income mort. (1,000,000) bonds are deposited as collateral seourlty for the 1st mort. bonds. Stook, $950,000.
The management of the property, until the date when all prior lieu
bonds will be paid iff. is placed fa the hands of a board of trustees. In
1888 land sales 2 1,959 acre*, for $122,973. In'1889 8ales about 20,000 acres, for about $150,000. Assets in land and cattle estimated
at $14,020,000. President Board of Trustees, R. V. Martinson, 46 Broadway, New York. See advertisement in Chronicle of March 3, 1888.
(V. 48, p. 159.)
*|
&
metropolitan Telephone
Telegraph Co. This compmy
has exclusive telephone rights under the Bell patents for the city and
New York, its stock being controlled by the Am. Bell Telephone Co. After 18:9 there will be a sinking fund of one p. ct. to purchase bonds, if possible, at 110, otherwise to be invested in other securities. Trustee of mort. Is Mer. Tr. Co.
W. Un. TeL Co. owns $300,000 of
the $2,000,000 stock. (Par $100.)
Mexican Telegraph. Company organized in 1878 under laws of
New York State.
Has a oable from Galveston to Tamplco and Vera,
Cruz, 733 miles; land line. Vera Cruz to Mexico City, 267 miles,
Has exclusive right for 50 years for all foreign telegrams to Mexico,
except telegrams to and from a neutral zone on the United States
border 156 miles wide, between the Gulf and Paclflo Ocean. Company
owns 1,362 shares of the Central & South American Telegraph Co.
Revenues in 1838 $322,959: expenses, $60,867; dividends, 10 p. c,
$143,440; surplus, $118,653, against $115,053 in 1887.
J. A.
Sorymser, Prest.. New York. (V. 17, p. 801.)
Minnesota Iron Co. Owns about 14,270 acres of land and six
iron mines in St. Louis and Lake counties, Minnesota. Owns also $500,000 stock, $400,000 1st mort. bonds and $3,500,000 6 per cent income
certificates of Duluth & Iron Range RR. Co. Offices, Mills Building,
New York and Chicago.
Central Coal (Md.> Tie annual report for 1888. In V. 48, p.
221, showed net protitsfor year of $29,697 ; and balance to credit of
profit and loss Dec. 31, 1888, of $216,417, against $211,353 Djc. 31,
1887. Dividends since 1880 have been: In 1881, 2 per cent; in 1882
and 1883, nil; in 1881, 1; in 1885, nil; from 1836 to 1888, incl., 1 per
cent yearly. (V. 46, p. 170; V. 48. p. 221.
county of
New
New England Terminal
Co. A transportation line from Wil
on Long Island SounltoNew
The mortgage covers all the property of the Co. The N. Y. A N.
England and the Housatonic RR. by endorsement guarantee interest
and the payment of $15,009 annually from 1890 to 1899, incl., for sinking fund, and $43,000 1900 to 1909, inclusive.
New York Mutual Telegraph. The Mutual Union Telegraph
Co. organization was changed to the New York Mutual Tel. Co. and the
stock was reduced to 82,500,000, carrying dividends of 6 per cent
per
annum, under a lease for 99 years from Feb. 15, 1883 to Western Union
son's Point, Bridgeport or other points
York.
A sinking
fund of $50,000 yearly purchases bonds, if posis Invested.
The Western Union offered its colbonds in exchange at par for the above stoek and bonds,
and over $6,000,000 had beeu exchanged by Mar., 1889. (V.4 7,p. 8:
Telegraph.
sible, at 110;
otherwise
lateral trust
&
N. Y.
Perry Coal ec Iron Co. Owns 730 acres, controls 800
acres and leases 430 acres of coal and Iron land in Hocking
Valley region at Shawnee, Perry Co., Ohio. Has Ave coal mines and two blast
furnaces. The assets, as per balance sheet on Dec. 1, 1888, were $3,511.059. For full exhibit see Chronicle, V. 48, p. 39. In 1887 paid
4>9 percent; in 1833, 1 percent. (V. 48, p. 39.) Office, 52 B' way, N. Y
York ec Texas Land This company took the lands granted
to the internat'l and Hous. & Great North'n railroads, about
5,000,000
acres, which were given in settlement to the holdeis of convertible and
2d mort. bonds. June 30/83. had 2,287,497 acres unsold. (V. 44, p. 527.)
North western Telegraph. -Owns 8,000 miles of wire and Is
leased to Western Union for 99 years, with
guaranteed divi lends,
rising one-eighth per cent a year to 6 in 1897 and afterward. The
bond Interest is guaranteed.
Oregon Improvement Co. This company owns $3,000,000 stock
of the Seattle Coal & Transp. Co.:
$575,000 stock of the Columbia A
Sound RR.. which stock is to be increased to $1,000,000; $1,980,IPTJget
k of t le Paci,lc Coast S. S. Co., and $1,370,000 (all) stock and
2?o
-Si .J
!
$1,370,000 (all)
~ 1st mort. lids, of Pac. Coast Ry. Co. (Port Harford, Cal.,
eroi
Of the bonds given above as outstanding,
utiles).
! , . HC
$414,000 are in the sinking fund, but draw interest. Bondholders have
the privilege of subscribing to all issues of new stock and of
tendering
their bonds m payment for it. Div's since 1876 have been: On com. in
1683, />s; in '88, l"*; in '89 (to date),
On pref. (issued in '88) in '88,
3>a; in 18^9. 7.
From Deo. 1, 1888, to Julv 31, 1889 (8 nios.), gross
earnings were $2, 736023, against $3,202,823 in 1387-8. net $383,831, against $693,713. In 1837 88 net earnings. $1,097,730; surplus
over Interest and dividend on pref., stock,
$572,027. (V. 47, p. 227,
New
'
3V
Paclnc
Mail steamship. The trans-Continental railroads
to the ""eaiushlp company a
guaranty of $75,000 minimum per
for space taken In Its steamers, in consideration of the maintenance of agreed rates.
month
6
6g.
J. &".T.
J. <& D.
&S.
6 g.
M.
6
M.
7
Q.
6
5
&
N.
M.
M.&N.
"iJa
7
&
&
M.
J.
5
g.
6*
N.
J.
&N.
M.
-J.
2>a
....
&
F.
M.
&
J.
J.
&
m
980,303
2,500,000
1,180,000
7,000,000
1,794,100
5,000,000
20,000,000
5,000,000
7,500,000
1,500,000
5,000.000
"50
1880
2>s
2,500,000
3,000,000
1,500,000
50
1874
lifl
5g.
1,000
1,000
100
& N.
do
do
Q.-J. N. Y., West. Union
M.
6
500,000
$3,000,000
2.000.000
500,000
500,000
673,000
1,501,000
11,500,000
632,358
2,837,000
2,353,000
4,400,000
115,000
2,500,000
2,000,000
1,434,400
14,000,000
5,000.000
TetegraphStoeK6% 99
Company Stock
Internat'l Ocean
May
1895
1889
1887
V. Y., First Nat. Bank.
1901
Phil.,Leh.Coal&Nav Co. Dec. 15, 1897
do
do
1894
1,
Sept.
New York & London, May 1, 1899
do
do
June 1, 1900
do
do
do
do
Nov. 1, 1912
Tel.
N. Y., 35 Broadway.
N.Y.,Lond. it Atnst'dam.
N.Y.
Office,
37 Wall
1,
1,
Jan.
1,
1,
1,
Nov.
Jan.
May
St.
1,
Oct.,
Nov.
July
1,
Oct. 12,
1376
1906
1913
1918
1889
New York Office.
Apr. 10, 1888
A. N.Y., Farmers' L.&Tr.Co
Feb. 1, 1909
N. New York, 1st Nat. Bk. May 1, 1911
N. Y, 52 Broadway.
Feb. 10, 1888
N. Y. J.S. Wetmore2 Wall
(?) 1889
,
"2">
J. N.
J.
&
Q.--May
M. & S.
6g. J. & D.
7
1
3i
Y. West. Un. Tel. Co.
do
July
do
do
do
do
1,
1889
Jan. 1, 1904
Aug. 1, 1889
do
N. Y., Mills Building.
1889
1910
1887
N. Y., 1 Broadway.
q!-f.
Aug. 1, 1889
Quar. Pittsburg, 920 Penn Av, July 20, 1889
J. & D. N.Y. City, Merc Tr. Co. Deo. 1, 1898
Sept.
Deo.
2,
1,
Sept. 15,
4
2
6
Dividends since 1880 have been: In 1834, 3\ percent; in 1885, 5i
1886, 114; in 1887, 1; in 1888, nil.
Prices of stock yearly since 1880 have been: In 1880, 271*382; in
in
1881,3962I*; la 1832. 32%48%; in 1883, 23314%; in 1834, 31
57ie; in 1885. 46>aa70; In 1886, 45V67; in 1837, 32>45S\; In
1888, 28's40 13; In 1389 to Sept. 20, lnolusive, 31%40.
Fisoal year ends April 30 report for 1883-9 was in V. 48, p. 727.
;
EARNINGS.
1886-87
$766,030
Panama Lines
1,368,882
Trans-Paclflo Line
1,282,317
Cent. Am. and Mexican subsidies
10 1,33 1
Interest and divs. on investments .
70,901
Miscellaneous
43,851
1887-88.
AlantloLlne
.
Total
Expenses
$777,435
2,006,894
1,201,580
101,633
16,712
40,532
100,267
32,138
42,743
$3,633,371
3,337,833
$4,078,547
3,638,110
$4,161,057
3,666,162
$295,533
$140,428
$494,895
.
Net earnings
No balance sheet
dent.
1883-89.
$807,011
1,778,275
1,334,384
given in the annual report. Geo. J. Gould, Presi727; V. 49, p. 207, 341.)
Coal. Dividends since 1880 prior to current year
is
(V. 47, p. 626; V. 48, p.
Pennsylvania
have been In
:
'8
1
,
1 5 p.
ct.;
in '82 to '88 incl
,
16; in '39 to date, 8.
Company.
In 1887 the Chartiers Company
was leased for ninety-nine years at a rental of 21-7 per cent of
net
Philadelphia company's
earnings monthly. The Philadelphia company controls a large share of the natural gas production about Pittsand
or
burg
leasing a large quantity of gas territory
vicinity, owniug
and 706 miles of pipes. The 1st mortgage of 1888 (Tr. Merc Tr. Co)
covers its whole property, gas Ian Is, leases, wetls. pipes, &e. In year
ending tiarch31, 1889, gross earnings were $2,756,217; net. $1,059,
923; surplus over dividends (12 per cent) $159,923. Geo. Westinghousa
V. 48, p.687.)
Jr., President, Pittsburg.
(V. 47, p. 473, 709
Postal Telegraph Cable. This company is successor to the
Postal Telegraph Co. and Postal Tel. Cable Co. The old bonds took new
stock for 35 per cent of their face, and the old stook 5 per cent of Its
amount in new. Foreclosure suit begun by Farmers' Loan & Trust
Co. Nov., 1885, and sale took place Jan. 15, 1836. A. B. Chandler,
President. New York. (V. 43, p. 125: V. 48, p. 530.)
Poughkeepsle Bridge Co. -Owns a railroad bridge aoross the
Hudson River at PoughKeepsie, with approaches, 3!a miles; completed in Dec, 1883. Is operated by .Central N. E & Western, formingthraugh line from Campbell Hall, N. Y., to Hartford, Conn. In
division of earnings with other roads the Bridge Co. is allowed a constructive mileage of 40 miles. Capital stook, $5,000,000; par value.
$100, $4,000,000 of which is held by Del. & New England, whioh company owns also the entire stoek of the Central New England <fe Western.
Abstractof 1st mortgage (Mercantile Trust Co., Trustee) in Vol. 45, p.
270. N.Y. Office, 115 Broadway. John 8. Wilson, President. (V. 45,
p. 275,401,473; V. 47, p. 81, 256, 410, 555; V. 48, p. 38, 683.)
Pullman Palace Car. Thestock has been lnoreased from time to
time to provide new capital, as wanted, since the price, ruling above
par. gave a bonus to stockholders when subscribing for new stook.
In Jan 1889, purchased control of the Union Palacs Car Co. (See V.
43, p. 128), and in Mareh, 1389, voted to issue $5,000,000 new stock at
par to stockholders. (3ee V. 48, p. 26i, 327.)
Dividends since 1876 have bien: From 1877 to 1881 lnolusive, 8
percent; from 1881 to 1883 inclusive, 9 1*; from 1884 to date, at the
rate of 8 per cent yearly.
Fisoal year ends July 31.
Philadelphia
;
,
INCOME ACCOUNT.
1836-87.
1337-83.
5,075,383
548, 129
5,621,018
819,911
6,259,371
1,250,333
5,623,512
6,410,932
7,509,754
2,057,627
2,224,807
2,506,584
1835-86.
Revenue
Earnings (leased lines Inoluded)
Patent royalties, manuf. prottts, &o.
$
.
Total revenue....
DisbursementsOperating expenses, including legal,
general.taxes and insurance (leased
lines inoluded)
Paid other sleeping-car associations
controlled and operated
Rentals of leased lines
Coupon Interest on bonds
Dividends on oapital stock ...
802,176
Repairs of cars in excess of mileage.
Contingency account
Total disbursements
Net result
4,167,881
1,155,631
4,904,047 5,491,192
1,536,385 2,015,562
-(V. 47, p. 471 V. 43, p. 128, 222, 26 ), 120, 530.)
tluicksllver Mining. O.vus ipiiokslver mines at New Almaden,
Cat. The preferred stock is entitled to 7 per ct. per annum, not cumulative, and any surplus goes to the common and preferred equally. See
annual report for 1883-89 in V. 49, p. 50, showing net Income applicable to dividends for the year of $131,621, against $323,728 In 1837-88.
Dividends have been: On common, iu 1331, 2 '4 per cent, in 1832, 2-5 ;
nothing since. On preferred: Iu 1881, '.Mi; In 1382,6; in 1833, nil.
;
148
INVESTORS'
SUPPLEMENT.
[Vol. XL1X,
Subscriber* will confer a great favor by glvlug Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Bond* PrinciINTEREST OR DIVIDENDS.
Date Size, or
pal, When Due.
Amount "** 8* Wh * n Wnere
For explanation of column headings, Ac., see note* on first
ot
Tar
aDle
and
*? 8toek*-L*t
P
P,Y
B
Bonds' Value. Outstanding
Cent
page of tables.
Whom.
Payable
Dividend.
'
,
,
l
Poughkeeptie Bridge.
Pullman
I'ulare
1886
1st niort, gold, for $5,000,000. ..o*
Oar Stock
Bonds. 4th series
Qitiektilrcr
1872
Mining Common stork
$1,000
100
1,000
100
100
100
100
Preferred 7 percent stock, not cumulative
....
SULouis B'dge it Tun.RR. 1st pf.st'k.gu.Mo.Pao.and Wab. ....
2d preferred stock, guar
1st mortgage
o 1879
Tunnel RR. of 8t. Louis, stock, guar
Southern <t Atlantic Telegraph Stock (guar. 5 percent.)..
Sterling Iron
1,000
"25
d Railway. Stock
c 1880
Mortgage bonds. Income, series "B"
Plain income bonds
p 1876
1881
Sterling Mountain Railway. 1st mort. Income guar...
Suiro Tunnel Mortgage Income bonds
1889
rtin. Coal l. it RR. Co. Stock, ($1,000,000 Is pf. 8% cum.)
....
Pratt Coal 4 Iron Co., Ala., 1st mort, s. f., not dr'n
o* lss:i
50
.-.00
4
1,000
1,000
i
\
1,000
1,000
1,000
1,000
.
1,200,000
100
100
100
10,000,000
6,250,000
86,200,000
1,325.000
4,920,000
V 60, 893
7,=; 00,000
1,300,000
570,000
1888
1,000
6%;
in
&
St. Louis Bridge
Tunnel Railroad. The railroad and tonne
were sold under the mortgage of 1873, July 1,1878. Foreclosure under
the first and second mortgages on the bridge was made Dec. 20, 1878.
On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash St. Louis 4 Pacific for the term of their corporate charters, on the terms following, viz.: Of the stock $2,490,000
first preferred, by the terms of the lease. Is guaranteed 6 per cent
$3,000,000 second preferred Is guaranteed 3 per cent per annum.
The railroad stock of $1,250,000 is guaranteed 6 per cent a year.
The whole annual charge for rentals is $670,000, one-half payable by
Missouri Pacific and one-half by Wabash. The common stock was held
by the London Reorganization Committee, and under the lease was
transferred to Mercantile Trust Company of V. Y. with power to vote
thereon. The bridge common stock is $2,500,000, par $100. In the
ear ending Dec. 31,1888, gross earnings were $1,703,300; net, $855,? 87; surpius over interest, guar, dividends, etc., $3,099, against $19,336
UU887. (V.46,p. 255, 471.)
Souther ii & Atlantic. Lines leased to Western Union and stock
guaranteed by the rental, 5 per oent per annum.
Sterling Iron 4 Hallway. The property of this company, In
Orange County N. Y., (and a few acres in Rockland) consists of 25,000
acres of land, with furnaces, 4c, having a capacity of 15,000 tons of
pig Iron per year, and 7^ miles of railroad, houses, &o. The company
endorses the $471,674 bonds of the Sterling Mountain Ry. 3 per oent
paid on income bonds of Sterling Mo. Railway and 8terl. Iron * Rail.
Cos. Feb. 1888. A. W Humphreys, President. 45 William St.. N. Y.
Satro Tunnel. Tunnel onComstock Lode for facilitating mining
operations. Receipts year ecding March 1, '88, $268,147; net$179,575.
;
Receipts in 1888-9 $309,995; net $183,400. The Interest charge of reorganized company on $'.200,000 bonds will be $88,000 per annum.
The property was sold in foreclosure Jan. 14, '89, for $1,325,000 to Union
Trust Company of N. Y., representing the reorganization committoe.
A new company organized in Sept., 1869, under ihe title of Comstock
Tunnel Co., and new securities to be issued soon. The old stock Is
wiped out, and new stock will be Issued to parties who took the new
bonds. See statement for 1888 9 In Chronicle, V. 48, p. 463. (V. 47,
p. 50, 327, 382, 402; V. 48, p. loO, 128, 463, 527; V. 49, p. 178.)
Tennessee Coal Iron
Co. This company owns blast
furnaces, coal mines, iron mines, foundries, 4c, and large tracts of coal
and Iron lands In Tennessee and Alabama. See a full statement of the
property in V. 44, p. 245. Of the Birmingham Division bonds $1,000,000 are reserved to retire prior issues at maturity. The prior bonds on
the Tennessee portion of the property are mostly ref un led Into the
above issue of Tennessee Division bonds, due 1917. The total funded
debt Jan. 31, 1889, was $6, 110,800, and sinking funds held at same
date ami unted to $969,439, leaving net debt $5,141,360.
Dividends have been : In 1887, 1 on common, In 1888, nil; In 1889 to
4 RR.
date, 4 on preferred.
From Jan. 1 to June 30. 1889 (6 months), net earnings were $314,400,
against $331,800 in 1888.
In year ending Jan. 31, 1889, net earnings over expanses and taxes
were $666,092; surplus over charges and 4 p. c. on pref.stook, $289,396.
See annual eport tor 1888-9 In Chronicle, V. 48, p. 526. (V. 46, p.
134, 245, 5 1 0, 539, 574, 739, 819; V. 47. p. 218, 442; V. 48, p. 463, 526.)
Texas Pacific Land Trust. The certificates of this Trust
represent the ownership of the lands formerly belonging to the Texas
4 Pacific Railway. The trustees of the lard trust are Messrs. Charles
J. Canda, Simeon J. Drake and William Strauss, of New York, and the
lands rccehed consisted of 3,450,642 acies, and also $899,731, secured
by purchasers' contracts. In 1888 there were sold 8,771 acres and 6
town lots for $25,808. Rentals received from graziDg lands, $18,458.
See description of lands In V. 47, p. 344.
i
United
Lines
Telegraph.
Tills
company was
formed
In
as successor to the Bankers' & Merchants' Tel., sold in
foreclosure July 31, 1885, subject to prior mort. of about $300,000. See
account of sale and list of property sold In Chronicle, V. 41, p. 122. In
Nov., 1886, C. P. Farrell of N. Y. was appointed receiver of the B. 4 M.
property in Penn.. and afterward appointed for N. J. and Conn.
The Bankers' 4 Merchants' plan of reorganization was published in
the Investors' Si i'Pi.ement of Dec, 1886, and prior issues.)
Everything has been held in check by litigation, and the lines have
been operated under contract by the Postal Telegraph Co. Stock is
$3,000,000.
In Sept.. 1837, the stock was Increased
^^"J.1 *" s a *e Kxpreaa.
*3,000,0ou. raising it to $lo.( 00,000, and the B. 4 O. Express was purchased. B. 4 O. KR. owns $1,000,000 stock. Dividends since 1880
have been From 1881 to 1887, Irclu-ive. 4 per cent; In 18S8. 5: In
1889 to date, 3%. (V. 45, p. SOS. 341, 438
u Fargo Eiprcu.-Nn annual reports or information. In
March, 1888. this company bought out the Erie Express of the N. Y.
Lake Erie & West RR. Co. Dividends of 8 per cent yearly have been
paid for many years. (V. 46, p. 371; V. 48, p. 372.)
Western Union Telegraph. -On Jan. 19. 1881, was dated the
grand consolidation, In which the Western Union raised its stock to
$80,000,000. giving par. or $15,000,000. for the stock and bonds of the
American Union 60 per cent for old Atlantic 4 Poolflo stock in new
August 1885,
:
w
I
;
4
May, 1882
V
3
1>
v-
J.
J.
[A.
J.
2>
A.
*T
6
7
4
<)
1,000
1,000
100 Ac
1,000
Y. City, Merc. Tr. Co. Aug. 1, 1936
T. Co Aug. 15. 1889
Y., Farm L.
do
do
Aug. 15, 1892
.
6
6
J
.V
do
Feb. 1
N.Y.Offlce 45 William
st
N.Y.Offlce 15 William
st
A.
4
4
4
4
4
coupons raid.
do
do
J.
N. Y., Office, 82 B'wav.
J. N. Y., Offloe. 63 B'way
F.
A
July 1. 1915
1915
Aug. 15, 1889
July 15. 1889
188$
1902
1900
'.ondon. Morton, R.4 Co March
1900
v.Y.. oilics 195 B'wav Jan. 1,1938
.V. Y. Ollice. 18 B'way.
N. Y.. Atlantic Trust Co.
Junel, 1908
Q.-J. N.Y.,Offlce,195 B'way.
M. 4 N. N. Y., Union Trust Oo.
N
N. Y..
1 ;,4
6 g
April 1, 1894
Oct. 1, 1896
York.
BTo
i
.1
1889
1889
I,
Oot.,
July 7. 1895
1919
July l, 1889
N.
Nov. 1,1903
O. N.Y.Mechanics'Nat.Bk. 1892 to 1903
J.
Jan. 1, 1917
O. N.Y.Mechanics'Nat.Bk., Jan. 1, 1917
New
j
:.
>>.
July
J.
6
3,
do
4 O New York and London
4 J N. Y., Drexel. M. 4 Co.
4 O N.Y., West. Union Tel.
Feb. 1
J.
g.
g.
Oct. 1. 1869
July, 1889
July, 1889
April 1, 1929
S.Y.,OflIoc,20Nassaust.
J N. Y., Drexel, M. 4 Co
*
8,761, 731
1872
1875
1875
1888
In 1884, 3; In 1885. nil; in 1886,2%; lu 1887,3; in 1888,
1889, to date, l>s. (V.45,p. 83: V. 47, p. 49; V. 49, p. 50.)
4A
F. I
4O
40c.
S
1,000
1,000
100
8
3.460 100
1,233 200
100
1885
1885
F.
Q.
A.
I*
(0
lo.ooo, 000 4 on pre f. J715, 000
M.
7
A.
7
300, 000
Too
Alice Furnace Co., Ala., 1st bonds
0' 1882
Blrm'm, Ala., Dlv., cons. M., g. s. f. 1 p. o. not drawn, .o* 1837
Tennessee Dlv. bonds, gold, s.f 1 > p. o. yearly.not dr'n o* 1887
Texas Pac. Land rrtMt.-"Ccrtlfiootes of proprietary Int."
United Lines Telegraphist mortgage (subject to old lien of $290,000)
2d mortgage (for $3,600,000)
United Stales Express Stock
Well*, Fargo <t Company Erprcst Stock
1
Wettern Union Telegraph Stock
Real estate bds.,g.,(lIenonW.U.Bldg.,N.Y.C.)s.f.(not dr.)
4r
Debentures, drawn, but surrender optional
Debentures, sinking fund 1 p. ot., drawn at 100
c
Collateral Trust bonds
0*
Whitebreast Fuel Stock
Gen. M., (now 1st) g., 8. f.. $30,000, dr'n at 110.. .c' & r
I
$6,000, 000
25,000, 000
820, 000
5,708, 700
4.291, 300
2,490, 000
3,000, 000
5,000, 000
1,250, 000
948, 875
2,300 000
418, 000
495, 575
475, 674
A
li
Ojt. 15,
May
Hay
Treasurer's Office
1,
1,
1,
Western Union; aud a stock distribution of 18> per cent to Western
Union shareholders. This stock dividend was finally held to be legal by
the New York Court of Appeals In Oot 1883.
The Mutual Union Telegraph made an opposition line, but In Feb., 1 883,
a lease was agreed upon. The Western Union also leases the Am. Cable,
with a guarantee of 5 per cent per annum on its stock of *14.000,000.
In April, 1886, the
quarterly dividend was paid in scri>, and no more
dividends were paid till July, 1887, when cash dividends were resumed
,
m
at 1 per cent, afterwards increased to
per cent quarterly.
The collateral trust bonds of ls83 (trustee of deed, Mercantile Tr.
Co.) are issued to retire an equal amount of stock and bonds f various
telegraph and cable oompanies for the interest or dividends on which
the Western Union Co. Is liable, these when so letired to be held as security for the new bonds.
In October, 1887, the Baltimore 4 Ohio Telegraph Co. was purchased
by the W. U. ($3,875,000 of its stock) for 50,0.10 shares of W. U. stock
aud $00,000 per annum as rental for 50 years. The mileage of wire
transferred by B. 4 O. to W. U. Tel. Co. was as follows: Owned. 52,603
miles; leased, 1,504, controlled, 4,480. Number of ottioes taken over
about 1,000, of which 250 were not duplicated by the W. U.
The range in prices of stocks for a series of years lias been In 1881,
77 (ex. certif.) 3137 7s; In 1882, 76%933s; in 1883, 71% aSS 1*; In
1881, 49a78>; in 1885. 53a8138; In 1886, 60ias0i; in 1887, 67>a
*81 7a; in 1888, 7038586%; in 1889 to 8ept. 20, lnol., 83988%.
The statement for the quarter ending Sept. 30, 1889 (partly estimated)
was as follows, compared with the actual figures for same quar. in 1888:
Quarter ending 8ept. 30.
:
1
.
Actual, 1888.
Net revenue
Deduct
Interest on bonds
Sinking fund
$1,707,359
$134,820
19,991
Net revenue
Less dividend
Surplus for quarter
Add nominal surplus June 30
Estimated. 1389.
$1,750,000
$190,000
20,000
204,793
210,000
$1,502,586
1,077,377
$1,540,000
1,077,385
$425,209
7,498,549
8,611,402
$462,615
Nominal surplus Sept. 30
$7,923,758
$9,074,017
The following table is for the fiscal year 1887 8 compared with 1888-9
(June, 1889, partly estimated):
Years ended June 30
1889.
$6,206,992
823,173
.
,
1888.
Net earnings
Charges
$5,070,572
530,258
Balance
Dividends
(4%p.
c.)
$4,540,314
4,043,950
(5 p. c.)
$5,378,819
4,109,528
$1,069,291
$196,364
Surplus
President Green, In his annual report for 1887-8, mode explanations
as to the nominal surplus of the company. (See Chronicle, V. 47, p.
440.)
Fiscal year ends
June 30; report
was in V. 47, p. 439.
1880-87.
1887-88.
for 1887-88
1885-36.
Revenues for the year
$16,298,639
$17,191,910
$19,711,164
$3,510,658
Rentals of leased lines
1,892,347
Maintenance 4 reconstruction.
1,273,125
Taxes
499,592
203,061
Equipment of offices and wires.
$9,077,445
1,399,954
1,673,670
278,594
224,965
$10,065,843
1,942,486
2,0j5,126
355,878
241,259
$12,378,783 $13,154,628
$3,919,856 $4,037,282
$14,640,592
$5,070,572
$3,399,573
494.461
39,991
$811,561
493,074
39,991
$4,043,950
490,258
40,0J0
Total disbursements
$3,934,025
del. $14,169
Balance of profits
1 (begln'gof yr.)..
$4,324,004
$1,344,929
$2,692,353
$4,309,835
2,692,353
$4,574,208
$190,364
$7,002,185
490,364
Exuenses
Operating and gen. expenses
Total expenses
Profits
Disbursement*
For dividends
For interest on bonds
For sinking funds
. .
Surplus July
Balance of profits for year
def.
14,169
Total nominal surplus June
$7,002,188 $7,498,549
$4,309,335
30 (end of year)
-(V. 46, p. 352. 771 ; V. 47, p. 2T8. 327, 439, 663, 745 ; V. 48, p. 70,
127, 190, 221, 490, 530, 800; V. 49, p. 53.)
Whitebreast Fuel. Owns 2,797 acres, and leases in perpetuity
980 acres coal land at Clex el in I. in Lucas Co and at Marysville and
Swan, Marlon Co., Iowa. Organized as Whitebreast Coal Mining Oo. Jan.
10 1S70; reorganized as Whitebreast Coal Co. An :1 30, 1886. and under
Y. S:o k Exchange I
present title July 2, 1837. See application to N
full, Chronici.k, V. 45, p. 676.
In year ending June 30, 1889, gross earnings were $881,11$164,951; surplus over interest and dividends. (7 per cent) $55,951
President, J. C. Osgood, 18 Broadway, New Yoik.
,
September
BANK, GAS, INSURANCE AND CITY RAILROAD STOCKS.
1889.]
BANK STOCK
Capital.
Dividends.
Surplus
Companies.
Par Amount,
LIST.
i
at latest
dates. t
Period. 1887. 1888.
Latest.
'
100 3,000.000 1, 875.500 J. A J.
100 5,000.000 1, 662,900 M. A N.
42.900i
300,000
Bk.ofDep'sit 100
12
391.700 J. A J. 12
100 250,001
Bowery *
16
533.900J.
A J. 16
25 1,000,000
Broadway
8
8
Bntch's'ADr 25j 300.000 275.300J. A J.
8
A
J.
8
100 2,000,000 507,300iJ.
Central . .
6
6
100 500,000 679,700|J. * J.
Chase
12
12
25 450,000 584,300i Q. J.
Chatham..
Chemical... 100 300,000 5 941,000' Bi-in'ly. 100 150
7
7
25
Citizens'
600,000 374.900 J. A J.
15
100 1,000,000 2, 309,700 M. A N. 15
City
9,100
Clinton"
200,000
75,800
Columbia*..
200,000
8
<fe
J.
Commerce 100 5,000,000 3 119,100
6
48,200
A J.
Commercial. ...., 300,000i
7
A J. 7
Continental. 100 1,000,000: 279,000
10
A A. 10
Corn Exch*. 100 1,000,000'J 105,600
8
A J. 8
25 250,0001 121,000
East River
22,600
East Side*..
100,000
nth Ward" 25 100.000! 145.700 J. A J
55,400
250,000
Emp. State*
Fifth
Led 150,000 258,300 J. & J.
Fifth Are*.. 100
100.000 717,100
40
60
First
100 500,000 6 157.400 Q.-J
3
100 3,200.000 1 336,400^? A J.
7"s
Fourth
57,6001
14th StreefilOOj 100,000
10
Gallatin
50 1,000,000 .381.800A. A O. 10
3,800
Gansevoort*
200,000
Garlield .... 50
200,000 280,700
6
6
Germ'nAm.* 75 750,000 217,600 F. A A.
12
10
Germ'n Ex.* 100 200,000 423,200 May.
9
Germanla*.. 100 200.000 381.500 M. A N.
9
6
6
25
Greenwich*
200.000 108,000 M. A N.
Hamilton*.
60,200
150,000
9,500
Harlem*...
100.000
Hanover... 100 1,000,000 .C02.600J. A J.
75.800
Home*
100,000
500
Homestead
100.000
Hud. River*. 100 200,000 113,700
14
Imp. A Trad.llOOl 1,500,000 ,292,800 J. A J.
8
50 500,000 258,800 J. A J.
Irving
Leather Mfr. 100 600,000 526,100 J. A J.
10
Lenox Hill*.
7,200
100,000
Lincoln
100 300.000 234,300
3
Madis'n Sq.* 100 200,000
21,800 J. A J.
"
7
Manhattan
7
5012,050.000 1 ,240,600 F. A A.
3
4
IS
Mkt
Fult. IOO
750,000 683,100 J. A J.
Mechanics'
8
8
25 2,000,000 1 ,636,900 _ A J.
Meeh. & Tr* 25 200,000 222.2001J. & J.
9j 10
Mercantile. 100! 1,000,000
A J. 6
6
743,000
7
Merchants'
50 2,000.00 799.200
A J. 7
6
Merch. Ex.. 50 600,000 106,500
A J. 6
8
A B. 8
Metropolis*. 100
300,000 482.300
6
Mt. Morris*. 100 100,000 233,700
A
6
16
16
Murr'yHiU* 50 100,000 307,000 Q.-J,
Nassau8
8
100 500,000! 191,000 tt.4 1
N. Amst'm*.
31,400
250,000
New \'ork ioo 2,eoo,ooo i ,551,200
10
A J
NY. County 100 200,000 157,600 A J.
8
H.Y.N. Ex. 100 300,000 132,000
A A
Ninth
100 750,000 284,900
A J
Nine'thW'd'
100. OOO
22.700
N. America
6
70 700,000 482,000 J. A J
8
North Riv'r 30 240,000 114.100 J. A J.
3
8
Oriental'.
25 300,000 366,300 J. A J. 10
10
Pacllie* ...
50 422,700| 350,900 Q.-F
8
8
Park
8
8
1002,000,000 2 ,043.200U. A J
10
10
A
J.
200,000
256.000
People's*
25]
Phenix
20 1,000,000 542,800
6
6
A J
Prod. Exch. ioo 1,000,000
A O. 5
176.800
5
833,200
A J. 6ij 7
Republic... 100 1,500,000
River Side* ....! 100,000
5,800
8t. Nicholas" 100
A J 6
500,000 202,700
Seaboard.. 100 500,000
A J. 5
127,500
Seventh
1100
A J. 6
300.000
69.100
Second
100 300,000 223.200
A J 10
Shoe A L'thrllOO 500,000 220.300
A J
8
Sixth
100 200,000
32.500
A J
8
Stateof N.Y* 100 1,200,000
8
506,400 M. A N
Third
100 1,000,000 248,200
6
5
Tradeamens' 40 1,000,000 208.400
6
6
Twelf.Ward*
200,000
55,600
23d Ward*
100,000
4,600
200.000
CnionS.i-*
33,200
D.Btates.. 100 500,000 517.700 *Western ... 100 3,500,000 221,500
West Side*. 100 200,000 230.100 J. A J 10
10
America*
.
Am. Exch
.
.
.
.
.
.
1
July/89. 4
May,
'89. 3>s
July, '89. 6
July. '89. 8
July, '89. 4
July, '89. 313
July, '89. 3
July, '89. 3
Sep., '89.25
Ly.'89 3*3
May, '89.10
July, '89.
July, '89.
July, '89.
July, '89.
Aug., '89.
July, '89.
3
4
3
3
5
4
July, '89. 4
July, '89. 3
July, '89.25
July, '89. 3>a
Apr., '89. 5
I
1
.
j
.
I
.
.
Aug.,'89 3
May, '89.12
May, '89. 5
May, '89. 3
July, '89. 3>s
May,
Jan., '87.
Aug.,'89.
July, '89.
July, '89.
July, '89.
July, '89.
July, '89.
July, '89.
June,'S9.
July, '89.
July, '89.
May,
'89.
3
3>
4
4
5
3
3H
3
5
3
4
4
July, '89.
July, '89.
Aug.,'89.
July, '39.
5
July, '89.
July, '89.
July, '89.
Aug.,'89.
July, '89.
July, '89.
July, '89.
Apr., '89.
July, '89.
3
'89.
'89.
'89.
'89.
3
3
3
I
.
V
*
3
July, '89. 7
July, '89. 4
July, '89. 5
.
t
'39.
July,
July.
July,
July,
July.
July,
4
3
3**
4
5
2
4
5
3
2
3*2
5
'89. 4
'88. 4
May, '89. 3
July, '89. 2ia
July, '89. 3
July, '89. 2
July, '89. 5
These are not National banks.
July 12, 1889, lor National banks and Sept. 7, 1889, for State banks.
LOCAL GAS COMPANIES' STOCKS AND BONDS.
Dividends and interest.
Gas Companies
Brooklyn Gas-Light
Citizens' Gas-Light (Brooklyn)
,-
Ketl
Mutual
Ml X.
n Oaa.
& Hoboken.
Bonds
Y.l
Bonds
Nassau Brooklyn)
{
Scrip
People's (Brooklyn
.
.
,
. .
1
Bonds
Bonds
WUlianisburgh
Bonds.
Metropolitan (Brooklyn)
Municipal Bonds
Bonds
Equitable
Bonds
'"Ipal
Par.
Amount
Period.
25 2,000,000 Various
20 1,200,000 Various
250,000 A. A O.
100 35430000 J. A D.
20 756,000 Quar.
1,000 658.000 F. A A.
100 3,500,000 J. A J.
1,000 1,500,000 M. A N.
25 1,000,000 Q.-J.
Var's.
TOo.OdO M. A N.
10 1,000,000 Oiliir.
1.000 400.000 M. A N.
Var's.
100,000 A. A 0.
1,000
50 1,000.000
1,000 1,000,000
100 1,000,000
1,000 750,000
100 3,000.000
300.000
100 8,000,000
1. "00.000
1.000
Date.
149
INVESTORS'
lao
SUPPLEMENT.
I
Vol. XL1X.
MONTHLY EARNINGS OF PRINCIPAL RAILROADS.
Jan.
Ureal Soalhei
(396m
UWm.i.
"9
A
ison Toih1.ii
Atchison
1887
7
1888
9
1889a
BHltimorr
(Ma.).
Snntn Fe
to 2.487 m.).
(2.401
(3,
to 2.998 m.).
(8,446
8..
(3.1
to 3.02.1 ra.).
(8.908
(4,981 m.).
1886.
8.
(8,527
(4.848
(4.476
(4.795
Central of
1886
1887
1888
1889d
Chicago
isw"
1
....
.'
1888
1889
Chicago
1886*
1887
1888*
18K9*
Chicago
1886
1887
1888
1889
A;
1.078386
403.336
386,842
477,537
499,217
422,844
345.114
449,032
466,593
27S.241
296,600
888,178
838,073
338,164
355,490
876.803
349.125
317,168
344.768
339,638
824,318
307.S93
361,925
368,887
34S.639
1,380.963 1 ,880.275
1,985,386 1 ,647,285
1,671.294 1 ,686,519
1,916,20511 ,796.901
3,229,172
3,962,668
1,211,188
2,073,758
690,(06
310.392
383.242
348,059
1,952.740 1.881,677
2,197,900 2,153,072
1.703,844 1,749.187
l.B6s,446'2,108,.61
I
34",754
392,51 1
486,761
896,788
420.4*7
608,789
581,801
332.799
4911.003
416.85V.
408,890
611.000
446,302
574.9)4
5*2.743
691,459
440,993
523,083
386.806
593.97^
473.398
526.120
575.941
633,867
408,473
486.25*
523,207
588,254
374.521
492.351
538.574
577,586
449,661
497,81f
538.306
570,415
441,323
496.0-H
530,403
683,031
580.171
575.28.
682,eoO
(281m.)..
(2Slm.)..
145,665
182,881
142,077
140,647
150,038
150,391
144,715
156.7C9
160,560
153,831
148,2O0
161,932
154,366
159.582
150,820
178,112
182,708
162,314
203,710;
183,905
165,534
186.614
183,373
205.796
170.900
179,344
144,623
172.487
170.908
155.217
18a ,079
(281 m.)..
106,936
211,592
204,305
210.092
154,082
176,460
227,607
182.835
184,187
153,134
,199.941
18U.S70
186,662
167,788
188,074
257,686
305,560
163.300
192,042
351,482
204,231
198.116
194,6*8
818,155
211,108
211,406
222,031
200,942
171.633
510,068
811,311
657,089
647,792
505,386
677,311
610.068
614,839
731,033
705.700
696.500
m).
.
J281m.)..
& Toledo(825
(825m.)..
(S25m.)..
(825m.)..
(l,317to 1,461 m.).
(1,462 to 1,467 m.)..
(1,481 m.)..
A Ga.-
(1.098 m.)
0,098 m.)..
.
(1,098 to 1,140 m.;..
(1,140 m.)..
& Bis Sandy
(189 m.)..
(139 m.)..
(189 m.)
Lnkc Erie
1888
1887
1888
1889
Louisville
1886
1887
1888
1889
(303 to 379 m.)..
(379m.)..
Lonisville
Div.-
(1,666 to 1,953 m.)..
(1,953 m.)..
0,953 m.)..
(2,167 to 2,275 m.)..
(402 m.)..
(402 m.).
A
404,903
545,650
586,437
572,592
668.881
514,701
497,077
2 19.888
497,183
603.376
541,846
579,608
484,654
565,744
576,1111
581,046
824,032
432.487
469.444
510.641
341,386
396.383
463,514
513,828
344.033
414.382
444,087
603,960
277,376
362.786
416.674
430,158
69,278
63.631
68,420
74,499
65,743
78.581
66,837
67,879
63,128
76,851
87,300
74,38)
81,638
75,634
152,094
172,904
194.396
302,082
157.849
173,649
201,677
203,161
398.9<8
281,331
201,628
190,67oj
135,180
82.907
109.446
(509m.).
116.661
98.272,
m.).
m.).
m.)..
87,754
152,847
145,407
m.)
186,431
in
188386
171,507
336.97:;
20*.474
236,565
18MB
1887
1888
1889
415,817;
;
84,704:
75,333
58,792;
236,982
218,515'
199,335
1:14,191
102,337
97,289
107.954
138,850
111,628
133,345
124,312
117,180
95,803
89,821
103,191
99,823
1083M
112,94?
107.295
208,416
152.347
307,858
116,436
145,360
151,220
181,643
138.474J
140,96'
748,470
802,32
108,331
125,373
144,61*
182.516
113,171
127.816
124.6IC
143,44*
316.875
181.830
613,048
516.672
277.533
886,763
483,164
457.806
344.087
399.974
361,10*:
030386
187309
504.075
.-,87.
(1,238 m.)
(1.397 to 1.527 m.)
2.167,674
184.339
167.02'
184.139
187.903
193.387
figures.
] .788.200
2.071,526
3.I55.3W
493.087
591,78s
005,507
618,411
701.766
630.893
741.74-S
636.138
716.548
815.790
563.499
509,165
457,578
6,153.368
6,940,873
6,414.432
850,806.
256.300'
309,917:
321,154,
889,920
328,542
329,760
272.584
334,116
300.539
271.103
898,087
319.49*
3,377,651
3.624,490
487,373
614,867'
610,735
710,34|
611,392
733,867
371,614
677.241
700.8671
621,871
876,353
730,283
5,805,774
6,832.333
7.148,336
191,579
214,636
193,837
187,079
211,677
160,662
213,733 2.338.004
184,064 c3.050.5S4
352,103
286.261
305,374
341,352
233.110
S08,884
868,148
234,153
320.503
848.901
750,42*
8863841
835,215
714,134
815,386
6.738,078
7.983,430
484,378
510,681
517,569
420.619
497,741
1.8*8,212
5.339,488
5,615,967
852,630
775.556
464,82'-
191, 666
218,399
196,779
*8.),67B
364,811
441,798
470,874
491.411] '522,419
67,411
83.744
77,206
58,991
95,848
98.980
93.357
169,733
235,234
189,855
176,872
179,730
333,183
193.659
193,861
118.418
149,199
132,887
170,447
141,872
204,814
168.699
176,369
177,1
c3.010.408
235,604
344.6761
290.3361
I36L48J
2,824.038
8306,071)
339,914
331.046
424.315
450.591
43S.307
472,771
8. -.88,172
214.276
646,034
753,551
781.873
703,360
797.568
394,380
504,481
466.623:
456.617
95,803
109,70?
91,<8
90.674
112.635
93.338
'J-J.^r:
350,967
8,8
80346
110.6134
87.232
99,321
89,481
177,816
217.584
193,630
193,369
8.1110,773
203,597
8.578.937
8.403,075
;
91.023
100.056
93,314
188.925
216.477
197.2*3
19U.30*
179,185:
186,3l>4(
283,833
219.098
204,999
182,504,
7,1)68,604
608389
*'.!,
1,0.3*,59
1,191,'
1.165,29o
937.528
1.115,07*
1.008.889
1,112,781 10,716,187
1,168,301 11.868.086
1.189,658 11. -88.477
133,291
115,303
137,302
94,913
103,030
107,807:
151.443
157.968
188,097
136,898
168354
173,956
186,396
96,387
184,370
163,193
186,788
198,39*
7,893
77,297
11*,'I7
1*0,907
1*,V17
1 1
190,033
153,879
193,705
308,883
180.110
99.966
99,974
104,438
108,161
117,022
112.869
115.334
135,080
124,254
121,370
126,081
133,865
128,673
141,900
183,815
138,588
135.871
126.737
134,512
182,230
181.866
199.109
212,31*
234.031
184,341
308,244
235,846
179,788
808,793
281,157
146.633
1 73,646
165,413
199,170
257,207 i.,106.384 1,253,9*0 1.379,828
326,663 1.36l>)68! 1.437,906 1,5*6,706
1.381,991
1378,717 13,978,5(6
1301388
333.43* 1.315,827 1304,834 1,437,034
448,495 162*980
1,311,787
1,449,582 i'.."l-',176
1,434,222 16,048,1915
123,655
122,771
131,183
97,459
92,614
106.62J
109,416
187,415
178,805
166.672
180,87t
111.1.13
196,487
194.67*
201,787
111356
118.539
1,554
318,103
894,748
610,978
564,668
274,704
801.386
370.738
.85,912
155,51X1
168,996
104,938
110.338
166.798
Includes Chicago Line,
1,753.30*
1,878.350
i. 817.768
1003U
187309
1711.327
178,889
800,684
,
1
1
1.
11,879
,-:.-..T.
1
1,7843)
3.987.3
8.167,7
.
190,804
178,190
201.921
202.481
200.04*
21*.7<
236,814
-332.35"
1
838,404
234,885
203.616
217,369
82 1,189
160308
119.375
139,087
122,373
145,493
130.680
156,499
104,001
178.319
HJ9.8I0
876.638
270.0911
.371.464
.371,1171
300,878
387,945
845,537
816,058
444 81.
JSl 287
1
187,8971
116,186
124,1*8,
163,610
172,596
138,800
1.323.6
'63,780
.
I
1
95.463
iTCSm
107,636
112.133
.'To
157,603
149,686
140.371
142,695
126,519
130,887
146,023
453,786
'488,687
'.1
199.96J
161,943
181.888
188,121
1.919,191
8.395.S3*
175,408
191,023
146.224
177,797
90.354
1,444.688
1.710,560
1,561.549
379.902
440.9*0
540,050
400,688
217,117
193,339
36389
'
ISK.4S1
St. Joseph BR.. Chicago Kansas * Western. New Mexico A Arizona and 9onor.
b Including Mississippi & Tennessee from May 1.
c Embracing corrections found necessary after monthly totals bad been published.
d From and after July 1 includes Richmond A Alleghany and Cincinnati exten?
Approximate
1,788,188
:
123.260
113.553
121,550
134,478
115,167
108,848
157,940
162,520
(1,31m.)
3.163388 87,576.078
.
678.170:
671,977,
734,092'
4R.370
157,774
144,197
137,501
140,288
m.).
m.>.
m.).
m.)..
(1,288 m.)
:
320,398
284.152
313.566
423.898
129,779
109,086
147,616
121,048
113,831
139,417
147.057
117,420
Mexican Central
88 12S.408
1
(520 to 587 m.)..
(537 m.;..
(537 m. I.
Memphis A; Charleston
l
696.200
New Alb. A; Chic. -
(880
(330
(330
(830
8356340 8388381
507,591
678.4.83
-
1886
1887
1888
1869
4,098,048
1.451,188
1,113.236
880376
200398
86,480
118,360
(510 m.).
(510 m.).
(510 m.).
Sao
493,340
581,035
498,371
(2,023 m.).. 1.050.686:1,019.386 1.103 935
967,740 1,037,714 1,121,192
(2,023 to 1,973 m.)..
1,170,016 1,387.51 1,177.743 1,254.002 1,260,829
0,978 to 2,17(im.). 1,308,817 1,280.39.'. 1,381,203 1,204,113 1,316,384 1.368,790
(2,181 m.). 1,898,*47 1,346,53* 1,476,378 1.315,853 1,382,660 1,371,853
1836
1887
1888
1689
6.217,207
6.761.609
7.398,905
830,808
3,346,634
2,230,839
1
793,675
845,538
946,9I0( 970,10211,138,388
894.799
774,146
8*3.366 975,099 1,099,738 1,858.191
793.761
877,015
883,9*0
8*8,3.10 1.016.397
961,934 1,188.047
9.13/
833,679 981,057
973,830 1,061,000 1,074,735 1,061,049 1.177.834'
(600 m.).
Nashville
840,18]
i36S
967,079
178,737
782,749 857,753 820.810
959,94*
883308 036.N97
957.803
915.468 879.810
993,852 1,047,147 1.078,373
118,571
(548
(548
(518 to 689
(589
868301
808,87
239,374,
1
(402to800m.).
Western
427,747
610.1751
1
(189m.)..
(361m.).
(861m.)..
A;
748,008
750,363
2,171,551 25,348,847
2.191,562 27,140,734
1,940,-27 25,*32.B73
878,681
312.601
868,06
lown Central
686318
768,108
797,399
2,328,4762,746,150 2310,986; 3,383,609
2,609.794 2.853,642 3.788.316 3.650,180
3,886.801 2.114,274 2,972,265 8,988.4*4
8,575,104
350.781
189,153
333.407
338,076
(1,317 m.)..
1886
1887
1888
1889
1,720.617] 1,917.902 2.118,443 2,148,493
1.839,3:14 3.108,149 2.188 217 2,249,464
1,954.885 2.090,333 9.899374 !,10,668
',837,256:2,144,942 2,081,054 .2Gi,573
233.067
270,456
39",334
282,817
So.
809,479 11.434,675
977,212 18,177.471
704308
1
195,684
261,751
300,887
294.418]
&
860308
1.1.4,567
3.280.341 24,718,404
2,517.769 33,386,124
3.274,481 24.867,731
203.917
346,523
273,687
285,944
Crut.-Ill. Line
lWija
13195586
1.971,599 2.553.971
198,677, 2.469,313
2,00 <\89 7 2,369.621(2. 800,888 2.810,21*
3.078,677 2,478.167 2. 042.491 2.615.380
2.213.000
532,525
m.)..
Iowa
171.639
183.421
198.855
168.196
183.980
209,004
249,184
243,810
272.25*
390.593
302.813
Pere Mnrquette
3,833 3C8
3.005,988
2,818.075
894,100 10 081 808
1.151.741
1.148,441
2,108,3072.088,150
206.29)
252,848
278.331
283,357
Denver Ar Rio Grande
1.328.904
....
199,115
265,194
877.0*7
319,878
1886
1887
1888
1880"
1,286.2,17
3,148.532 2,3:10.741 2,748,175 2,724,588 2, ,778,774
2,140 833 8.167,801 2,362,103:2,464.984 2 ,774,982
1,953.934 1.883.501 8,873,703 2.4-75.144 3, 602,313
(886 m.)
(838 m.)..
(386 m.).
(836 m.)..
Texas Pac-
Columbus Hock. Vnl.
1886
1887
1888
1880*
372.081
412,349
888,787
410.966
888,081
383.743
578.000
550.6-10
1886*
Lines In
368.E93
410,326
405.509
886338
841,809
33 1,156
550,21*
5^1.889
478.734
1887
18F8
1889*
1886
1887
1888
1859*6
801386
458.925
582,381
472,176
481.441
(1.1'Om.
Elizabeth. Lex.
908,090
878,664
1st.-:
498,246
450,384
(1,140
1888
1887
1888
1889
02
646,881
479,187
(1,140 m.)..
(1,140 m.) .
Bant Tenn. Va.
588,467
500,34
Innuer System
1886
1887
1888
1880
451,89)
468,18
638,783
520.653
579,735
.
Ki
?$'i2
300.373
888.191
-
Cincinnati Washington A- Kali.
f-
562,955;
[605,609
396.600
369.033
438,927
429,173
1888
1887
1888
1989
*
467.593
509.235
879309
339.521
371.459
334,886
366,-34
1888
1887
1888
1889
111.
479,920
554.513
694,706
668,807
523.067
522.691
(1,839 m.)..
(1,365 to 1,398m.)..
(1,899 m.).
(1,394 m.)..
A
Cincinnati N. O.
Omaha
30.433|
i
(8.891 to 4.037 m.).. 1,328.107 1.678,500 1,886.036
(4,101 to 4.208 m.).. 1,728,173 1.634,180 8334.788
(4,208 to 4.252 an.).. 1.571,289 1.676,493 1.897.582
(4,250 m.).. 1,613,345 1,560,879 1,893,414
1898
1887
1888
1889
1886
1687
1888
1889
Flint A:
1888
1887
1888
1889
108.849
1'.812
317,-; 16.
Northwestern
Calc. St. Paal Minn. oV
Whole
802.16:1
897,853
289,082
995,385 987,349 921.783 088,101 1.049.411 1.187,82; 807.1*8 966.749
906,592 1,008,825 1.003,143 1.074.180 1.256.351 1.369.313 1,828,213 1316,888
900,688 080.834 1.080,081 1,190,930 1,312,597
B86.506
1,044,918
261.169'
(3.646 to4,038m.).
(4.086 to 4.693 m.)
(*.("
(4,693 to 4.917 m.)
(4,918 m.).
194 501
216,485
237,634
213.306
776.531
930,391
843,608
614,578
Eastern Illinois
1886
1887
1888
1889
1390301
1.742,032 20.21
488,458 635,786 835.542 807.290 896,923 998,348 982.138! 966,868 1.077,680
85o.39 946.493 1,059,50; 1,037,399 1.066,170 1.063.207 1,363.966
510,646
719.866
.5 1.218.787 1.130,947 I.S48.700
887.994 968.633 1.034.587 l.OlO.O*.',
844,046 1.128,633:1,137.487 1.106.099 1.253.361 1.375,528 1877000
900307
809,785
218,134
217,446
822,148
211,365
816,788
(247 m.).
129.142! 118.083
141.349
136.888
134.285
135.3371 115,133
(251 to 256 m.).
141.289
155,063
169.343
170315
134,362
155,953
166,973
(288 m.)
187.805
159.200
157.626
168.863
152.438
171,032
167,834
(496 m.).
208.118
211,866
307,023
205,377 [219.336
184,316: 184,311
Milwaukee A- St. Paul.(4,982 to 3,298 m.i. 1,445,174 1.563,901 2.033,614 1,768,89611,767,713 2.064.222 2,038.727
(5,298 to 5,868 m.). 1. 40O,239i 1,524.872 2,212.687 1 979.061 1, 868.713 2.119.19U 1 ,340,456
(5,821 to 5.670 m.). 1,452.047 1.577,062 1. 830.889 1.825.899 1,767,084 2,001,329 1 .924.565
(S.678 m.)
1.655,910 1,676.608 2.019,89 1,819,531,1,029,766 2,007,304 1,977.398
A-
U7B8JJK
1.660.3O3
613,493
801.205
897.9C8
209,100
886.218
193.176
199.803
1
Chicago
1,352*07 15,612,918
500358!
lo 4.967 m.)..
(502 m.;
(502 m.
(502 m.)
(502 to 915 m.).
Burlington A" Qilincy
1S87!!!
1.496,964 18,461,366
1,160,371
to 4.348 m.).
241.948
286,876
1.621, 989 15.984.307
1. 857,078
to 1.176 m.).
to 4.795 m.>.
..
Ohio-
A"
1,719.855
(1.048 m.)'.
(1,016 m.).
(827m.).
(627m.).
Chesapeake
I
891,670
299.689
806.863
(627 m.)..
like. Co. ol Cn.(1,022m.).
(1,022 to 1,097 m.).
0.097 to 1.220 m.).
(1,220 m.).
KK.&
261.479 1.198,173 1308,784 1.303,110 1,341,951 1.466.846 1.6s7.:us
1.551.719 1,541370 1,634.902 '.,601 .37- 1.608.361 '..674.160
-.v, l.:tis.;4 1,411,850 1380,749
,266^10 1,268.968 l.3S6,4li
,642.868 1.669.307 1,51-2,088 1,641.062 -1753920
i
1
316,204
319,688
330.866
New Jersey
1886
1887
1888
1889
I
1
207.548
196,938
221.014
216.128
Paclflc
1886
1887
1888
18*9
Crnirnl
146.420
177.563
880,808
208.246
205.628;
(1.0S9m.)
1887
1888
1889
liv.,800
LMLSM
(990 to 1.006 m.l.
Canadian
128,707.
1 ,855.926 1
16.15,399 2.031 .881 2,054,685 1,WB.
679,178 1,683,548
1.464.7,0 1,481.643 1,678,159 1 689.618 I.76M.I81 1.708,489 1.857.553 1,953.450 I, S01, 574 1.687,916
1.608.318 1,482.137 1,701. 117,1 652,861 1,748.318 1,603.187 1,1' w.ail 2,106,317
Burlington Crdnr Hup. A- No.1886
1887
1888
1889
96.890
194303
186,749
1 ,809,862
1.^18,592 1,836.163 1.762.628
1.071.483 1.069.123 1.233.33*
1.418.958 1,876.647, 1,457.049
...(1,174 m.).
(1.774 m.).
(1,774 m.).
_1880
94.163
ItT.TM
882,803 1.067,407
lhi
Jt
1887
1888
March. April
Feb.
i.
'8.'803,781
8,857,1
3.506.S
September,
RAILROAD EARNINGS.
1889.]
151
MONTHLY EARNINGS OF PRINCIPAL RAILROADS
dfc
West.-
8
100,532
157.569
145.443
184,182
149,138
247,795
166,438
234,638
1880
1887
1888
1889
(351m.).
(351m.).
(351m.).
(351m.).
73,695
117,845
gS.600
120,692
103,386
109,231
93,172
142,712
162.071
100,161
109,536
1886
1887
1888
1889
(687 m.).
(687 m.).
(687 m.).
184,263:
(887m.).
236,015
202.210
284.20S
167.139
200.490
215.992
277,059
(580 to 600 m.)
(600 to 627 m.)
(627 to 650 m.).
(650 m.).
185.510
243,094
270.806
293,030
184,652
249,461
248.835
275.627
(1,441m.).
(1,441 to 1,417 m.).
(1,447 to 1,420 m.).
(1,4*0 m.).
2,295,095
2.714.710
2.716.704
2,710.150
2,287.839
2.454.831
2.586,483
2,461,730
dfc
Louis
8t>
Mobile dk Obio-
,_
Nashville Chart,
St.
dfc
1886
1887
1888
1889
,
Louis-
.
N. Y. Central
Hud. Riv.-
dfc
1888
1887
1888
1889
New York Lake
Erie dk West.
(1,622 m.).
(1,613 m.).
(1.813 m.).
(1.612 m.).
1888
1887o
1888
1889
Mew York
New England-
dfc
1886
1887
1888
1889
S84m.).
Mew York
Sasq.
1886
1887
1888
1880
Norfolk
West.
dfc
Northern Pacific
1888
1887
1888
1889
Ohio
dfc
to
to
to
to
dfc
839,948
275.482
2*5.125
2,400,771
3,055,917
3,125,280
2,980,974 3,053,548 3,190,361
3,332.321 3,438.555 3,534,000
3.273.771 3,366,100 3,175,796
3.400,984
2,888,833
3,256,304
2,991,242
2,945,053 32,651,018
3,239.021 30,206,024
8,000,851 35,283.584
1,951,877 1,887,505 1.985,386 2,051.695 2,239,877 2,234,850
2,093,955 2.068,5732,131,200 2,180.675 2,183,857 2,300,215
2,179,957.2,081,053:2,169,914 2,222,012 2,177,449 2,310,358
1.997.311 2,105,709:2,319,56s
2,048,512
2,183,249
2,072.644
1,085,149 23,002,507
2.029,935 24464,238
1,942,590 24,066,014
172,330
253.201
178,139
241,071
2.32.263
252,797
287.822
22-U81
215,256
224,487
272,481
272.185
328,640
258,8771
262,581!
l
223,311
270,148
271,179
345.502
409.361
464.991
492.06 H
379.544
475,471
518,308
537,443
390,772
484,232
501,128
381,180
460.883
628,447
347.703
448.465
459,518
320,786
425,857
129,860
3,956,311
5,054,277
5,340,061
84,057
106,284
13,639
116,180
97,841
118,968
123,287
140,301
94,846
131.475
146,655
102,817
131,023
130,445
109,868
131,469
136,184
107,735
129.904
126,600
112,545
135.615
123,694
1,129,440
1,303,184
1,445,001
256,280
331,764
407.286
457,730
287,407
385.032
319,225
404,724
430.210
334.712
370.761
435,904
467,776
337,708
410,211
427,808
267.337
406,428
409,727
3,252,068
4,254,794
4,899,599
432,536
554.404
551.260
416,553
449.481
536,338
562,345
513,804
472.914
452.632
536,205
516.825
501.291
536,846
493,150
542,483
488,114
457,809
400,286
490.538
5,474,616
0,212,927
6,203,394
1,286,858 1,372,673 1,443,667
1,299.586 1,408,210 1,674,881
1.665,291 1,711,375 2.262,656
1.200,0(50
(377 m.).
(377 m.).
(377 m.).
452,441
430,981
488,990
454,751
435,191
460.147
514.022
426,031
471.200
411,397
513,560
486.614
425,171
447,236
405,670
528.996
502,437
234,618
274,259
272,598
'223,865
1
2,817,808
3,180,681
2,836,783
314,316
400,598j
450,079,
479,880!
400,123
(685 to 742 m.).
(742 to 752m.).
(752 to 855 m.).
(855 m.).
207.000
174,356i
212.948
181,779
167,224
181,323
190,161
303.814!
376,6571
424.439,
476,024!
(32Sm.).
274,180
155.535
204,671
192,779
299,209
235,701
321.814
408.708
429,511
m.).
m.).
m.).
m.).
126,882
105,900
106,181
121,481
179,282,
2.677,626
2,779,198
2.850.191
2,951,919
267,559
322,691
396.512
417,960
(616
(616
(623
(623
120,471:
174,306
175,668
259,175
277,307
322.470
416,342
443,235
464.749J
113.409
103,945
3.32,870
2,759,266 2,363,544 2.542.822 2,664,245
2,919,810 2.901,7102.887,020 2.817,614
2.849.609 2,748.777'2,824,841:2,896,216
2,861.599,2,742,372 2,894,851 3.111,443
221,789
299.304
350,768
403,019
514.947.
113,459!
826,214
297,792
*
251,450
366,906
817,102
378,045
1
334,2'I0
432.928'
4.33,351
488.728
502,027'
608,628
600,205
899,665 12,329,882
1,181,773 13,884,330
1.481,523 18,060,104
sjo.116
983,731 1,077,358 1,100,028
594,240
993,484
525.728 1,030.679 1,121.008 1,049,218 1.149,102 1.2' .2,570
703.607: 938.035 1,207,176 1,444,868 1.537,289 1.610,137 l.e03,5,35
1,183,398:1,193,159 1,626,994! 1,653,4131 1,632,186 1,797,377 1,923.394
"2044861
308,119
297,924
289.313
293,523
335.431
24,692
275.591
311,078
378,100
409.911
379.183
402,795
393,261
408.051
803,802
387.747
413.13'
384,378
325,651
337,338
291,588
296,918
345,919
401,122
3,827,832
4,138,365
3,868,984
481,735
421.881
414,374
528,091
570,959
480,081
422,776
563 211
556,053
487,246
633,080
853.300
615, j46
519,182
616,057
615,273
103.152
539,819
525,534
8,344,063
3,376,237
6,370,797
480,330
571,421
274,430
811,028
290.678
289.388
304.827
313,922
356,199!
305.759
390,897
1
309,563
300.294:
270,079!
298,459,
420,85s
457.103
558.733
407,973
437,548
478,053
154,751!
4:18,164'
292.920'
305,784
210,810
445.247
382,745
270,198
298,035]
296,162'
292,701!
313,970
480,345
426,428
507.550
513.615
4-14.731
530.607
541,473
731,710
1,610,140
1,898,612
I
Danville System
1887
1888
1889
(2,525 to 2,609 m.)
(2,609 to 2.633 m.)..
(2.833 to 2,749 m.)..
4.178,580
4,865.040
5,027,760
5,294,810
4,347,218
4,733,154
1,860,851
1.428,216 50,379,068
4,892,954 55,671,313
4.803,082 58,172,077
973,770 1.056,989
89,498 1,086,913
951.381
906,003
887,270 9,592.839
947,823 10,196,967
62,153
91,972
109,888
101,411
85,161
93,675
93,495
89,774
783,444
870,418
913,757
54,893
61,278
71,939
610,384
562.934
815,625
4,336,101 4,356,677 4,585.390 4,674,052 4,737,351
4,911,858 4,651,370,5,022,012 5.006,56314,980,521
5.080,402 4,822,412 0,890,939 5,385,427,3,146,158
3,931,020 5,241,674
698,828
831,840
825,472
734.677
867,171
886,748
778.213
828.095
084.688
865.505
734,117
810.537
662,807
741,845
825,353
676,159
678,079
770,309
699,562
738,742
836,805
807,088
873,614
944,238
(373 m.).
(373 m.)..
(373 m.)..
(373 m.)..
63,508
68.576
31,257
83,566
84,912
79.630
92,359
83,908
82.160
76.365
88,002
76,331
83.862
54,030
47,877
49,327
58.012
89,247
44,489
50.834
49.704
53,225
49,246
55,223
67.595
75,174
51,573
60,703
71,493
73,800
1888
1887
1888
1889
(298 m.)..
(298 m.)..
(296 m.)..
(296 m.)..
53,714
44,383
57,864
68,987
80,017
66,873
69,829
74,383
78.527
50,148
57,960
75,228
41,003!
30,849
35.884
42,169
29,316
27,503
37,776
41,025
34.052
25,039
32,557
38,505
28,219
29.910
36,807
43,304
37,547
37,854
49,061
53,150
41,846
50,726
42,427
73,140
65,801
75,719
68,050
72,740
77,712
1888
1887
1888
1889
(355 m.)..
(355 m.)..
(355 m.)..
(855 m.)..
93,832
110,281
125.832
144,362
106,618
103,720
129,914
132.902
122.041
134.764
133,803
170,709
128,327
121,438
141.983
170,718
122,580
130,877
150.232
185,420
131,008
137,868
181,079
160,089
125,821
133.707
151.928
2*0.214
155,023
151,891
171,810
181,000
171.266
178,778
175,863
164,814
161,506
183,353
144,356
184,512
34.574
41.023
43,088
55.990
48,910
40,180
63,703
58,63*
63,200
60,886
68,555
55,726
52.757
62.3IM
69.690
48,277
80,535
67,249
43,165
52,611
83,038
.882,731
663,074
.
Charlotte Col.
dfc
Augusta
1886
1887
1888
1899
Columbia
dfc
Greenville
Virginia Midland -
Western North Carolina
1868
(274 to 290m.)..
57.470,
60,178:
81.380
86.911
137,08'
67,304
35.8.15
113,075 1,558,893
148,783 c 1,632,878
118,331 01,816,985
533,965
1887.
(290m.).
1888
1889
49,949:
42.308
49.537
(290 m.)..
50.674
72,487
58.891
71,723
45,837
55.483
52.853
88,639
40,883
86.807
46,961
72,415
32,713
57.334
62,724
69,135
42,573
83,399
184,576
213,198
252,312
201,640
224,u58
203,923
254,121
251,061
237,988
251,507
281,398
236,251
261,617
272,936
272,317
297,236
281,379
291,480
300,393
343,483
347,774
353,382
336,152
321,129
318,602
322.349
280,347
891,231
264,181
267,368
3,222.607
3,388,104
267.335
m.)..
m.)..
68,181
74,085
78,810
78,603
61,187
66.S48
77,683
80,263
60.410
76,562
74,487
86,316
41,238
76,287
61,511
72,338
84,006
67,648
70,349
81,829
53,270
63.606
66,211
81,851
67,183
69,182
65,104
77,583
72.006
84,700
78,308
"97,471
73,695
94.975
87,679
88,773
106.138
87,694
80,410
03,138
82,108
83,602
89,358
106,432
808,991
962,480
940,307
(775 m.)..
(775 to 940 m.).
(1,182 to 1,205m)..
(1,263 m.)..
125,69!
161.021
214,470
288,748
138,282
181,638
220.162
247,957
143.488
182.869
202.121
228,811
88,203
139,786
172.732
209,825
209.065
232.930
138.234
183.587
223,131
247,128
149,502
190,135
210,130
261,566
145,247
221,038
271.783
314,118
165,579
283.032
289.886
182,707
317,458
374,223
208,883
821,653
341,226
236,511 1.91.8,406
291,427 3,670,888
347,490 c3.030.423
(815 to 930 m.)..
275,318'
359,172;
390,920!
285,544
331,220
396.108
409,883
359,062
664,407
446,435
458,402
352,280
479,565
593,496
577,799
519.494
619.181
600,888
459,748
832,289
818,078
504,041
540,747
535,508
0<',,857,
87,385
81,913
64,511'
81,871
210,721
185.512
163,182
212,235
808,484
182.962
147,349
177,192
112,836
115,631
1,5.58.036
133,981
1,691,840
81,200 01,524,918
05","57
810.799
847.800 1,061,800
805.000 072,600
810,514
1,189,813
700,161
905,264
858,050
2,717,197 3.807,611 3.015,9,85 2.078,812
3,203,801 3,716,578 3,411,823 3.012,714
8,739,659 4,151,623 4,074,821 4,828,751
3,000,611
3.735,324
4,170,715
2,904,516 32,110,158
3,632.809 33,773,148
3.977,893 to.ooo.oil
661.698
738,366
685.115
714,511
787,001
850,287
709,492 <'6,042,30r>
639,970 6,183,789
688,871 6,374,398
2,517,793 2.755.154
2,351,431
2,597,585
2,036,233
2,343,513
:,797
2.243,372 28,537,766
2,380,426 89,889
Rome Watertown
1887
1888
1889
St. L.
1886
1887
(290 m.)
dfc
.
Ogd'bnrg
(643 m.)..
(643 m.)..
(643 m.)..
Alton
dfc
T.
1889
St. Louis
1888
1887
1888
1889Hi. Louis
1888
Arkansas
dfc
Ilrnnches
II.
1888.
(138 to 188
(188
(203 to 242
(242
dfc
m.)..
m.).
Texas
San Francisco
1883
3869
St. faul
1886
1887
1888
1889'
dfc
460,048
587,378
98,958
93.016
104,561
84,812
116.630
144,856
182,443
102,774
154,003
167.397
150,966
108,598
130,137
181,272
181,595
120,357
158,453
155,007
183,535
129,767
618,756
636,657
810,359
665,098
4:33,462
572,517
748,496
620,180
479.694
613.080
765,121
593,697
571,526
621,344
825,268
638,789
627,761
681.934
789,995
615,182
(4,696to4,94 m.).. 2,008,420 2, ,456,197 2, 400,122 2,853,673 2,730,225
(5,408 to 5.545 m.).. 2,503.052>2, 239.649 3, 038,814 3,031,535 3,205,169
(5,578 to 5,931 m.).. 3.246,765 3 462,701 '8. 892,890 3,867,895 3,884,297
(5,946 m.).. 3.514.772 8. ,118,628;3 452,020*3,745,318,3,751,971
2,591,729
3,051,938
3,721,714
3,664,768
.
.
(257 in.)..
Manitoba.
(1,475 to 1.800 m.)..
(1,850 to 3.651 m.)..
(2,651 to 3,024 m.)..
(3,024 m.)..
1888*
18S0-
Southern Pacific Co.
1886
1887
1888
1889
Texas
dfc
424,705
64,983
63.595
82,378
89,783
92,581
79,350
406,639
459,280
482.421
391.000
410.157
434,809
552.012
482,237
601,910
679,803
736.729
612,552
57,122
473,281
1
Paclfic-
1886
1887
1888
18B9....
Union Pacific
UB8
1S87
18
1889
(1.487m.)..
(l,487m.) w
..(1.497m.)X
(1,497 m.)..
1887
1888
1889
(4,816m.).
(818m.)
(818 m.)..
(818 m.)..
Approximate figure*.
From October
429,370
524.569
540,675
631,893
(4,519 to 4.594 m.).. 1,428,029
(4.594 to 4,771 m.).. 1.737,35.1
(4,700 to 1.816m.).. 1,727,803
Wbseonsln Central
with;otber"yeart.
1
403,267
527,372
481.880
806,577
(22-m.)..
(230 to 239 m.)
dfc
173.718,
419,467
479,772
494,002
431,350
(225 m.)..
Paul Minn,
108,378
381,809
481.072
402.890
434,541
Duluth
1888
1887-
59.051
390,483
438,148
(963 to 1,190 m.)..
(1,812 to 1,329 m.)..
(1,329 m.)..
1887..
t.
213,769
259,623
281,571
172,812
222,720
(All lines east of Pittsburg A Erle)1886
C-2^50 to 2,322 m.). 3,421,536 3.519.475 3,901,855 3,862.617
1887
(+2.322 to 2,348 m.).. 3,851,771 3,988.788 4,410,433 4.312.834
1888
(+2,348 to 2,369 m.).. 4.193.981 4.379.4544,526,562 4,050,048
1889
(2.369 m.).. 4.528,746 4,421,156 1,796,136 5.032,370
Richmond
213,200
265.021
888,681
187.350
245,733
257.133
290.839
218,907
279.305
380,801
398,065
Orecon Railway dk NaT. Co.
Pennsylvania
2,281,339
2,879,646
2,596,714
144.505
176.911
191,16s
216,807
m.).
m.).
m.).
m.).
Mississippl-
1888
1887
1888
1889
287.024
359,677
802,930
159.095
193.668
210,408
213,579
103.21-;
m.).
m.).
m.).
m.).
1886
1887
1888
1889
251,781
283,234
277,445
149,772
154,407
174,192
197,348
87.204
107,770
98.471
110,528
2,892
3.277
3.498
3,461
(2,741
(2,895
(3.277
(3,508
234,410
282,481
261,641
166,152
189,166
203.588
257,052
87,316
107,171
106,381
93,479
Northern Central
f
1,649,680
1.472,499
1 ,373,449
118,394
106,683
109,631
89,179
112,538
106.151
91,029
81,650
84,596
119,527
Total.
140,184
128,414
110,127
118,788
320.832
430,097
*
161,854
147,684
140,600
121,364
118,677
103,601
107,800
378,440'
Dec.
150.011
146,017
143,340
110,519
113,552
102,410
93,537
422.S04
-
270,924
364,518
386.9J3
385.713
Nov.
151,625
129,720
128.957
219,140
1,793,221 '1,741.356
1,916,403' 1,868,122
1,952,321 1,928,278
1,917,119 1.778.825
t
251,976
293,310
310,106
236,132
353,239
299.467
324,263
258,28s
Oct.
t
248,140
334,075
890.738
199,032
302.432
246.028
312,512
160,856!
211,590:
192,037
Sept.
t
204.799
227,142
249,948
74.P82
98,341
116,884
81,470
266.934:
(490m.).
(511 to 533
(533
(554
(594
1886
1887
1888
1889
1.831.604 1,551.486
1.705.070 1,761,182
1.718.428 1/80,477
1,747,076! 1,551.498
357,787
391.539
412,571
(157 m.)..
(157 m.)..
(157 m.)..
(157 m.)..
Western
dfc
1888
1887
1888
1889
!
Aug;.
218,4441
314.504
411,351
410,325
422,113
v
(447 to 490 m.).
(490 m.).
July.
*
97,079
149.086
131,528
173,225
Minneapolis
June.
|
(551 to 573 m.).
(573 m.).
(592m.).
(660 m.).
1886
1887
1888
1889
Mar
March. April.
Jan. r Feb.
Milwaukee Lake S.
(Concluded).
432.773
459,573
361.053
483,06.3
421.113'
422,7891
419,903
522.565!
377,053
3:16,4431
521.160
477,685
433,056:
489,973!
472.00*
459,232
,054,208
J
396,376
385,076
454,246
416,626
537,46.3
-
128,120
400,953
172,027
464,668
443,511
478,823
485,477
507.743
113,440 2.211,448 2,263,821 8,443,088 8,887,78
868,567
813,877
326.490
.('.15.111
1
,875,911,2, 571.3853,,842,196 3,188,277, 2,506,823 2,479,372 2,53(1,50! 2.743.930 2,034,466
,917,938:2. 813,108 $, ,8.39,213 2.313.101 2.4.83,288 2,541,064 2,537,356 2,867,:)5 2,951.234
I
2,
940,900
7,437 .338
8.736304
9,36i,9ia
'.131
',026,
1
1
4.874,637
6,339,346
5,773,251
572,839
JM
1,918,1031 ,7457582.,1U,6S1!2, ,183,288 2,341.715 2,508,239 2,716,576
216.535
928.012
280.5881
221,422
255.172
831,033
And
342,700'
291.45s.
330,42s
288.818
(86,888
206.381
263,710!
334,317,
:::.617
311.390
816.221
323,202
352,0101 357.573
327,606: 377,039
371.661 -117.209
368,683
335,320
305.784
421,811
836,630'
333,706!
373,1.30
373,370
3,723,108
3,808,915
68 miles of canal.
deducting proportions duo to leased roads operated. on a percentage ba sis, so as to preserve the comparison
(^Embracing corrections founljnecesiary after monthly totalt.had!besa published.
+
1st earnings are given after
W.M. M.
BARRIMAN,
-TMKNT DEI'AKTMKNT,
'
Member New York
NICHOLAS FISH,
OLIVEB IIAIMUMAN.
IIKNUY
Stock Bsobmg*,
s.
BBDMONB.
.Ik.
HARRIMAN &
CO.,
BANKERS.
EQUITABLE BUILDING,
NEW
DEALERS
in
Government,
BROADWAY,
120
YORK.
Works and
Municipal, Water
Railroad
Securities.
TRANSACT
a general
Banking Business, and
receive
accounts
of
Railways, Corporations and Individuals, upon favorable terms
EXECUTE
orders for cash, or
the
New
CONSTANTLY
List
in
securities
all
listed
on
York Stock Exchange.
have a choice line of securities to
Investors,
Monthly
on margin,
offer, suitable f;r
Trust Funds and Institutions.
of i Securities
Offered, Sent
Upon
Application.
@FedFRASER