Page images
PDF
EPUB
[blocks in formation]

1 See accompanying statement, which includes similar information, by roads, for the year ended Dec. 31, 1916.

ITEM II.

Information called for.-Table showing aggregate market value of stocks and bonds of all operating railways, stating each separately for each of the above years, and the average of the period, eliminating duplicate stocks and bonds— i. e., intercorporate holdings.

Modification.-It is not possible in less than several months to compile figures which will fully comply with this request. Such data as could be prepared are submitted as affording a basis for an approximation of the desired information. In order to make any response to this query within the time allowed it was necessary to apply the methods described in the attached formulæ. The results produced are therefore little better than rough estimates.

STOCKS.

TABLE A.-Stocks of all steam roads which were quoted on the New York Stock Exchange in the years indicated, as shown by the Financial Chronicle.

[blocks in formation]

Par value shown herein constitutes 79.34 per cent for 1912, 75.09 per cent for 1916, and 75.87 per cent for 1917 of total par value of stocks of all steam roads (Class I, Class II, and nonoperating subsidiaries) in the hands of the public as shown in reply to Item VIII.

* Market value was determined by striking an average between the highest and lowest quotations during the year as shown by the Financial Chronicle. This average was assumed to be a mean quotation for the year and was applied to the par to obtain the market value.

[blocks in formation]

TABLE C.-Bonds (of issues of $10,000,000 or more outstanding) which were quoted on the New York Stock Exchange in the years indicated as shown by the Financial Review and Poor's Manual.

[blocks in formation]

1 Par value shown herein constitutes 58.64 per cent for 1912, 56.93 per cent for 1916, and 61.15 per cent for 1917 of total par value of bonds of all steam roads (Class I, Class II, and nonoperating subsidiaries) in the hands of the public as shown in reply to Item VIII.

2 Market value was determined by striking an average between the highest and the lowest quotations during the year as shown by Poor's Manual of Railroads for 1912 and 1916, and the Financial Chronicle for 1917; this average was assumed to be a mean quotation for the year and was applied to the par to obtain the market value.

[blocks in formation]

Information called for.—Table showing aggregate dividends paid by all railroads in each of the said years and average for the period, stating each separately.

Modification.-Can not be given for 1917. Would suggest that the aggregate only for all Class I roads be given for each year 1912 to 1916, ending June 30, and the detail by roads for one year. Dividends declared, not actual payments, have been used as the only measure of the effect in the year's income account. NOTE.-See note under Item I.

FORM III-a.-Aggregate dividends declared-Class I roads.

[blocks in formation]

See accompanying statement, which includes similar information, by roads,for the year ended Dec. 31, 1916.

ITEM IV.

Information called for.-Table showing aggregate interest paid by railways, showing each separately, in each of said years, and average for the period. Modification. Can not be given for 1917. Would suggest that the aggregate only for all Class I roads be given for each year 1912 to 1916, ending June 30, and the detail of roads for one year. Interest accrued, not actual payments, have been used as the only means of the effect upon the year's income account.

[blocks in formation]

1 See accompanying statement, which includes similar information, by roads, for the year ended Dec. 31, 1916.

ITEM V.

Information called for.-Table naming the railway companies which during the said period have averaged a dividend of 4 per cent on stock, also giving the dividend paid for each year by each company.

Modification.-We can name the individual companies which declared 4 per cent or more dividends on common stock, showing what the same company paid on preferred, for the year ending December 31, 1916, Class I roads only.

[blocks in formation]

Class I roads-Continued.

[Year ended Dec. 31, 1916.]

Road.

Central New England Ry. Co..

New York, Philidelphia & Norfolk R. R. Co..
Cumberland Valley R. R. Co.....

Kanawha & Michigan Ry. Co...

Lehigh & New England R. R. Co..

Lehigh & Hudson River Ry. Co...

Port Reading R. R. Co....

Detroit & Toledo Shore Line R. R. Co.

Buffalo & Susquehanna R. R. Corporation.
Staten Island Rapid Transit Ry. Co...

Detroit & Mackinac Ry. Co..

Southern Ry. Co...

Illinois Central R. R. Co..

Louisville & Nashville R. R. Co...

Norfolk & Western Ry. Co...

Atlantic Coast Line R. R. Co...

Central of Georgia Ry. Co..

Nashville, Chattanooga & St. Louis Ry

Mobile & Ohio R. R. Co.....

[blocks in formation]

Cin innati, New Orleans & Texas Pacific Ry. Co..

Alabama Great Southern R. R. Co...

New Orleans & Northeastern R. R. Co..

Georgia Southern & Florida Ry. Co....

Richmond, Fredericksburg & Potomac R. R. Co..

Charleston & Western Carolina Ry. Co..
Alabama & Vicksburg Ry. Co.....
Atlanta & West Point R. R. Co..

Western Ry. of Alabama.

1 In addition 24 per cent on second preferred stock.

ITEM VI.

[merged small][ocr errors][merged small][merged small][merged small]

Information called for.-Table naming railway companies which during the said period have averaged a dividend less than 4 per cent on stock, giving the dividend for each year by each company.

Modification made.-Individual Class I companies which declared less than 4 per cent dividend on common stock or on preferred stock for the year ending December 31, 1916.

[blocks in formation]

Information called for.-Table showing the investment in road and equipment for each of said years of railway companies, giving each separately.

Modification.-Aggregate road and equipment combined can be given for Class I and Class II roads and their subsidiaries for each year 1912 to 1916 (June 30). This is for the entire United States only, because of complications arising from leased lines or other subsidiaries.

FORM VII.—Investment in road and equipment—Class I and Class II roads and their nonoperating subsidiaries.

[blocks in formation]

Information called for.-Table showing par value of all stocks and bonds for each of said years, stating them separately and eliminating duplications. Modification. This is impossible except for the United States as a whole because of duplications.

FORM VIII.-Capitalization in hands of public (eliminating duplication)—Class I and Class II roads and nonoperating subsidiaries.

[blocks in formation]

Information called for.-Statement showing the amount of traffic being handled by the railway companies at the present time, as compared with the previous years-1915, 1916, and 1917-or so much of said period as can be furnished, separating freight and passenger traffic.

Modification.--We can give tonnage and ton-miles, passengers and passengermiles, for the year ending June 30, 1916, and prior years, but no figures for 1917 are available. This is interpreted as being wanted for the aggregate of the roads and not for individual roads.

[blocks in formation]

Information called for.-Statement showing relative amount of freight and passenger equipment including cars and locomotives for each of said years, dividing freight cars into classes and indicating increase in locomotive capacity.

« PreviousContinue »