Document MGpmvqr0RYj9mzgvpBK62rMYk

MOODY'S MANUAL OF INVESTMENTS AMERICAN AND FOREIGN TRANSPORTATION Railroads --Airlines--Shipping Traction, Bus and Truck Lines JOHN SHERMAN PORTER, Editor-in-Chief Editorial Board David M. Day Frank J. St. Clair David M. Ellinwood Arthur W. Herrmann Charles N. Berents George I. Blair Frank J. Prendergast George H. Parsons 1953 pubuc COPYRIGHT. 1953, BY Moody's Investors Service, New York ALL BIGHTS BBSB1YES OCT T MOODY'S INVESTORS SERVICE 65 BROADWAY, NEW YORK 6, N. Y. PHILADELPHIA BOSTON CHICAGO LOS ANGELES NTTSBUEGH SAN FBANCISCO 1411 Welnat SL 75 Federal St. 105 W. Adams St Hollingiworth Bldg. Union Trait Bldg. Rum Bldg. LONDON: MOODY'S INVESTORS SERVICE, LTD. MOODY'S MANUAL OF INVESTMENTS 605 Unco cSM"c"t-) M of Do1c9*5321: Aa*t5 ,,lliD . Road * equip- - *10.825.060 cr 234,536 Doou" "prop"- 548.890 1951 *10.381,S42 cr 234.529 539.776 Misc. accts. pay. .. Accrued deprec. .. Tax liability--------Surplus..................... 5.902 26.525 154 1.174 13.790 25,272 289 9,919 Accrued taxes .. Int. in default ... Other deld. liabil. Olh. unadj. cred... P. it 1. deficit------ 2.943 3,280.493 2.618 15.934 5.637.4:5 4,160 3.149.325 388 1,931 5.479,113 B*c p,,hT,,nds ... 2Sfe'n5epots -- Corre"! Assets. ^ 318 1.515 359.739 486 Total ................. $85,855 $101,370 1.139 Capital Steciu L Hawara Terminal Railway Hack; par UN: Total......... ........ Current assets____ 3S7.115 OUTSTANDING--500 shares. par $100. Current Liabil.____ $3,492,053 $134,267 34.294 $3,515,606 $107,037 46.946 Ca ,, V/rsns'-- Spe?c rec.. supplies. " Insets 51.258 488.987 686.767 42.7.686 52.575 517.470 750.645 167,804 OWNERSHIP--All subscribed tor and bald by Howard Terminal, the parent corporation. DIVIDENDS--No dividends paid in 1927 to 1952. inci. Net c__u_r_r_e__n_t__a__s_s_e_t_s 99.973 60.091 _After deducting depreciation: 1952. $t50,- 095: 1951, 632.202. 2 Includes 8993.629 notes payable fnadiusl debus - =56,877 82.804 Total ........... *13.508,570 *12,620,227 L'as,`k```slOO) ... ca?,i L -967 ;s' 3 debt --- XJniDment oblig. ^"es^yable .... Culcc?s Letacb.'Ipay 325.000 2.897.000 5.2G2.U88 1.154,804 56.346 1.582.340 *25.000 2.944.000 4,492.130 1.259,457 137.533 1,094,733 interest mat. ... Tax liability --- O'h curr. liab... accrued deprec... unadj. cred... Pnearn surplus - Approp. surplus .. 50.697 40,597 560 918,743 118.015 1.565 1.400.811 51.520 38.991 4,515 728.911 441.027 1,569 1.400,811 Totai ______ 513.508.570 *12.620.227 r rrent as'iets ... *1.586.751 Sl.677,805 Torrent liabil. --- 1.674.194 1.189,759 .... current assets dr 87.443 488,046 Banded Debt: 1. Houston Beit & Terminal natlway Co. first mortgage 3Vi*. due 1M7: "lTHORIZED -- $5,000,000: outstanding, *2,- ;.00 DATED--July 1. 1937. MATURITY-July 1. 1*67. INTEREST--J&J 1 at office of Trustee. TRUSTEE AND REGISTRAR--Hanover Bank, New York. CAIXABEE--As a whole only at 105 and ac crued interest on any interest date on 60 days' notice. Bends may also be purchased for sinking fund (which see). SSINKING FUND--150.000 annually on Juno 1 beginning June 1, 1938, to be applied to pur chase of bonds at not exceeding 105; If not to obtainable, funds are to be invested In ap proved securities. SECURITY--A first mortgage on all company's property now owned, or hereafter acquired. GUARANTEED--By lessee companies (see lease and control above). ADDITIONAL BONDS--Kay be Issued up to 75% of the valua of additions and betterments subsequent to July 1, 1*37. PURPOSE--Issued to retire Houston Belt & Terminal Ry. Co. first 5*. due July 1. 1937. OFFERED--Entire issue (*3.600.000) sold to Metropolitan Life Insurance Co. at par. Capital Stock: Houston Belt 9 Terminal Railway Co* stock; par (IMs AUTHORIZED--250 shares: outstanding. 150 shares: par *100. OWNERSHIP--All owned by lessee companies see lease and control above). DIVIDENDS--No dividend* paid. HUNTINGDON A BROAD TOR MOUNTAIN RAILROAD A COAL CO. History: Incorporated Hay 1 UU under Pennsylvania laws, and in July. 1M4 consoli dated with the Bedford &JL Co, Reorganisation: On April 4, 1949. company notified the ICC that it had begun a reor ganization proceeding and supplied it with copies of papers filed in U. S. District Court at Scranton asking appointment of a trustee. In 1951 pursuant to ICC approval. G. A. Troutman was appointed successor trustee. Business: Burins-- et company la mainly the transportation of coal in the Broed Tea coal region of Patmaylvanla. Line e# Read: Huntingdon to Mount Dal las, Pa., with branches and extensions to mines in the Broad Top region. Mileage: 76.07 miles. Sidings. 17.01 miles Standard gauge. Rail. 78 to 109 lbs. Equipment: Locomotives. 7; steel hopper coal cars, 70; miscellaneous cars and equip ment, 14. Bus LImi In March, 1930 company obtained authority from Pennsylvania Public Service Commission to operate a bus Une from Hunt ingdon to Bedford: operations began la Jaiu 1930 and were discontinued during 1935. Bus operations were conducted by Huntingdon 4k Broad Top Transit Co., which new operates a freight service. Officers: S- E. Resley, Gen Mgr.; C. E. Gienger. Treas.; J. W. Matthews. Compt. and Asst. Sec. Directors: W. A. Rigg. G. A. Troutman. H. M. Watts, F. G Sayre, Philadelphia, Pa.: J. F. MacEnulty, L J. Galpeer, New York; C. F. Zimmerman, Huntingdon, Pa.; O. L. Hausner, Forest Hills. N. Y.; F. G. Johnston. New York City. Annual Meeting: First Tuesday in February at Huntington, Pa. No. of Employees: Dec. 31. 1952. 73. No. of Stockholders: Dec. 31. 1952. 452. Office: Huntingdon, Pa., for Oper. and Treas. Operating Statistics, years ended Dec. 31: Rev. train mileage: 1952 1951 Freight............... :u 075 26.057 Passenger ......... 55,770 55 -199 Total 75.S-J5 81.556 Pass, carried___ 6 6.475 Passenger miles . 155 621 92.327 Rev freight tons. r.s.27: Rev. ton miles --- 5.922.0W 8,783 30'J Coal ........................... ars ended Dec.. 31: 195 : 9r: 179.7,2 .Nrt.iol Bonded Debt: L Huntingdon 4 Bread Tm Mountain Railroad A Coal Co. ttnulidatod gold S*. matured i960: Rating--C _ AUTHORIZED--$1,500,000; outstanding. Dec. 31. 1952, $1,421,000; retired, $69,000. DATED--March i. 1865. MATURITY--Original maturity date was ex tended to April i, 1925. and tnen to April 1, 1940. INTEREST--A&O 1. by company in Philsdal- pfua. DEFAULT--April 1, 1931, and subsequent in terest tn default. TRUSTEE--Berks County Trust Co.. Reading. Pa. REGISTRAR--Company's office. Philadelphia. DENOMINATION--Coupon, $1,000; register- able as to principal. SINKING FUND--No sinking fund provided. CALLABLE--At per on any interest date on lour weeks' notice. SECURITY--First lien on 70 miles. Hunting don to ML Dallas. Pa., and branch--. TAX STATUS--Interest payable without de duction for Pennsylvania tax (unlimited). Company pays Federal income tax up to 2%. BONDHOLDERS' COMMITTEES--On account of default in interest due April 1. 1931 a com mittee was formed which now consists of J. M. Steere and E. B. Morris. Jr. COUNSEL -- Schnader. Harrison. Segal Ac Lewis. Girard Trust Corn Exchange Bank, Philadelphia, depository. Another committee was formed in 1949 com- osed of Frank B. Johnson. Chairman. D. J [arris and J. R. Maher, secretary. Jaffin, Scnneider, Kimmel it Galpher and McNees. Wallace 6e Nunck, counsel. PRICE RANGE-- 1952 1951 1950 1949 1948 High................. 19% 17 14i 13 19Va Low. 16 13 11 9 12 Capitol Stock:L Huntingdon * Broad Top Mountain Railroad & Coal Co. 7% aaa cumo lative proferred; par tSk AUTHORIZED--40.000 share*; outstanding. 40.000 shares; par $50. PREFERENCES -- Has preference aa to 7% non-cum. dividends, but not as to j CALLABLE--Not callable. VOTING POWER--Preferred have equal voting power. DIVIDENDS--Dividends in recent yean: Feb 15, 1921, l'i%; Aug. 1. 1921. 1%: Feb. IS. IBS. 1%; Aug. 1. 1922. 1%; none thereafter. 1 Huntlngdea A Broad Tap Mountain Rail road A Coni Co. common: par ISO: AUTHORIZED--27.435 shares; outstanding, 27 430 shares; par $50. VOTING POWER--Both classes have equal HOWARD TERMINAL RAILWAY History: Incorporated under the laws of California, April 21. 1*17. Business: Engaged exclusively In switching on Its lines located on the property of the Send. etc. .............. Miscellaneous ___ Total Income Account, y 17.760 33,579 17,526 91,994 *M)90 258,271 ars ended Dec. 31: voting power. DIVIDENDS*--No dividends paid since 190$. TRANSFER AGENT AND REGISTRAR-- Pennsylvania Co. for Banking Ac Trusts, Phil adelphia. Howard Terminal at First and Market Streets. 1052 :05i INDIANA NORTHERN RAILWAY Oakland. Cal., serving the various industries Freight revenue __ located on the property, together with the Passenger rev __ S248..7S3 3., *6 $238,553 3.202 CO. wharves and warehouses. Mileage: Length of road operated Is 1.74 miles. Standard gauge: rail. 60. 70 and 90. Equipment: Company owns 3 locomotives. Officers: C. P. Howard. Pres., Treas. & Gen. AH other rev ___ Total revenues__ Oper expenses ... Net oper. rev ......... R> tax accruals __ 65.229 317.5S0 220.540 d 12.950 16 ,,5i 71.S44 363.699 339.116 d 24 2*7 16.736 History: Incorporated under the lawi of In diana. April 9. 1891. Business: Switching road at South Bend. Ind.. serving numerous Industries and hand ling intermediate transfer service between Mgr.: Peter Howard. Vice-Pres.; H. K. How ard. Sec.: Oakland. Cal. Directors: Peter Howard H. S. Howard. C. P. Howard. H. K. Howard. G. H. Hagar. Olaf Hansson. J. P. Ventre. E. Campbell, Bruce Howard. Oakland. Cal. Annual Meeting: Second Tuesday ir. March. No. of Stockholders: Dec. 31. 1952, 2. No. of Employees: Dec. 31. 1952, 15. General Office: Oakland. Cal. Income Account, years ended Dec. 31: _ 1932 1951 Oner. revenues ... S68.317 *79.954 Oper. expenses ... 68.550 75,941 Net oper. rev.___ d 233 4 013 Operating ratio ... 100.34,r, 95.00% Ry tax accruals .. 3.635 3.558 Total oper. inc. ... d 3.868 455 Rent income ......... dr 3.077 dr 1,886 Income deduct. .. 1,800 1,800 Net income............. d 8,745 d 3,231 Balance Sheet, as of Dec. 31: Assets: 1952 1951 Hoad & equip. ... $76,258 $76,258 9ash........................... 398 236 Ry. oper. loss ___ Net eq . etc., rents Net ry. oper. loss. Other income___ Loss Misc. deductions.. Bal. for fix. chgs . Interest on debt*. Net less ..................... Balance Sheet, as i Assets: .i. Road Sc equzp .. Other invests.____ Misc. phys. prep... Mtge. deposits Donat. & grants .. Current Assets: Cash Spec, deposits __ U. S. Treas. ctfs . Accts.. etc., rec. Mat. & supplies. Deferred assets__ Unadj. debits Total .............. 29.C20 dr 18.442 47.762 920 -16 SG2 417 d 47.249 131.163 178.417 Dec. 31: 1952 S3.24U.061 35.666 8.99U cr 44.701 52.977 330 34.672 46.268 1.785 15.9S4 $3,492,053 i .301 dr 21. r.;3 14.102 2.2S5 11,815 421 d 12.234 131,462 143.696 Grand Trunk Western R.R. and Pennsylvania RR Direct track connections with New York Central R.R., Grand Trunk Western R.R., New Jersey. Indiana & Illinois R.R. The Pennsylvania R.R. and indirect track connec tions with Chicago South Shore & South Bend R.R. through the New York Central R.R. Co. Line of Road: Main track. 94 mile; yard 1951 $3,383,166 track and sidings. .81882 mile; leased, 5.5128 miles: Total owned and operated, 7.27162 miles. Standard gauge; rail, 66 to 100 lbs. 36.695 Equipment: Locomotives, 1 Diesel. 8.990 cr 44.701 Control: Company is a subsidiary of The Oliver Corp.: (see Moody's Industrial Manual). Stock is held in name of Individuals. 21,038 606 15,000 25,687 44,706 2.S28 21.590 Officers: A. K. McCord. Pres.; B. Haugen, Vice-Pres. and Treas.; G. R. Lanphere. VicePres. and Gen. Mgr.: J. R. Covington. Sec. Directors: A. K. McCord, B. Haugen, J. R Covington. Alva W. Phelps, G. R Lanphere. No. of Stockholders: Dec. 31. 1952, 5. No. of Employees: Dec. 31. 1962. 16. General Office: 400 W. Maalson St, Chicago *3,515.606 6. III. Accts. & bal. rec.. Mat. & supplies.._ 6.403 1.653 22.339 Liabilities: 1.654 7*1 pfd. stk. ($50). S2.000.0u0 Operating Office: 1421 So. Walnut St, South $2,000,000 Bend 21, Ind. unadjust, debits _ 1.143 S33 Com stock i$5o>-. 1.371.300 1.371.500 Income, Account years ended Dec. h: jODebt in default. 2.424.629 2.424.629 1952 1951 _ Total ......................... S85.855 $101,370 Current Liabil.: Oper. revenues ... $125,126 $136,257 Liabilities: Accts.. etc . pay. 30.107 41,542 Oper. expenses 81.376 87,832 Cap. stk. ($100)... S50.000 $50 000 Interest mat.__ 1,100 uoo Net oper. rev.______ 40.750 47.425 i*rem. on stock ... 2,100 2,100 Divs. mat. unpd. 144 144 Operating ratio .. 67.43% 64.94% 4 604 MOODY'S MANUAL OF INVESTMENTS Oflwn: J. A. Caanlk. hn. and Gen. Ujtr.; Stella N. Hammer. Vlc*-Pr.; H T. Jordan. Sec. and Treaa. Directors: Stella N. Hammer. J. A. Ceanlk. H. T. Jordan. F. V. Cesnik, tfr. B. Rundell Hillsboro. Wla. Annual Masting: Second Tuesday In Feb. HOBOKEN RAILROAD WARE HOUSE * STEAMSHIP CONNECTINO CO. 'Operated under lease by the Hoboken Manufacturers' R.R. Co.) History: Incorporated under the lews of Rv. oper. income 3.174 Deductions (net)-. CT 1.103 Net income _____ 4.277 Balance Sheet, as of Dec. 31: Assets: Road fic equip. ... 1952 3284.722 Other invest............ 40.060 No. of stockholders: Dec. 51. 1952, 6. New Jersey. October 14. 1895. Road opened tn Current Assets: No. of Employees: Dec. 31. 1952. 9. 1997 for freight traffic only. General Office: Hillsboro. Wla. Lease: Operated Hoboken Manufacturers' Ooerating Statistics, year ended Dec, 31, RJt. under non-transferable lease dated June Cash.................. -- Accts. receiv. Mater Sc suppl. 15.780 19.868 8.223 1SS2: Revenue freight train mileage. 5.330 miles: ten revenue freight moved. 51.608; moved one mile. 258.060. Income Account, yean ended Dec. 31: 1952 2951 Oper. revenues__ $60,355 $66,518 Oper. expenses__ 44 811 44.616 Net oper. revenue. 15 544 21.902 Operating ratio 74.23% 65.57% Ry. tax accr.. etc.. 5.157 6.515 Total oper. income 10.387 15.387 Misc. rent income. 324 319 Gross income____ 10.711 15.706 Income deduct.___ 5 176 5.602 Net income 5.535 10.104 Earned per share. $6.77 512.37 Number of shares. 817 817 Balance Sheet, a* of Doc. 31: Assets; 1952 1951 Road, equip., etc... $171 661 3170,033 Cash______ ________ 69.468 77,948 Other curr. assets. 16.763 6,778 Mater, fie supplies. 4 815 2.030 Deferred assets -- 4.050 4,050 Unadj. debits____ 2.349 2.355 Other investments 7.500 3.500 19. 1906. for 99 vears: minimum annual rental *21 .500 for freight up to 314.286 tons and gradu ated additional charge varying from 7 to lMi cents per ton according to number of tons of freight transported over road: repaln and maintenance expenses. Insurance on build ings and equipment and all taxes, assessments, etc., to be paid by lessee. On Dec. 31. 1946. company acquired capital stock of Hoboken Manufacturers' R.R. Co.. formerly held by Seatraln Lines. Inc., under an agreement approved by the Federal Court at Newark N J Line of Road: Vfth St . Hoboken N. J to Seventeenth St.. Weehawken. N. J.. 6.52 miles. Officers: Wm. Zeckendorf. Pres.; N. M. Salgo, Exec Vice-Pres.: H V. Lett, Sec.: J. P. Bell. Vice-Pres.; E. H. Binzen, Vice-Pres.; R. W. Shepard. Vice-Pres.; R. T. Flanagan, Vice-Pres.; H. I. Silverson, Vice-Pres.; A. J. Phelan. Treas.; M. Iserman, Vice-Pres. and Gen. Counsel Directors: W Zeckendorf. A. J Phelan. E H. Binzen. R. W. Shepard. H. V. Lett. H. I. Silverson. A. R Heath Annual Maetingi Firt Thursdav In Dec. No. of Stockholders: Dec. 31. 1952. 7. Unadj. debits------Deferred assets ... Total ................ Liabilities: Cap. stock (3100). Funded debt ......... Equip, oblig.------Curr. fic Acer. Liab.: Accts. pay., etc.. Int. matured ... Tax liability___ Oth. curr. liab.. Deferred liabil.__ Accrued deprec. Unearn, surplus -P. fic l. deficit___ Appr. surplus___ Total ................ Current assets__ Curr. fie accr. liab. Net current assets 1.024 250 5369.927 3250.000 __2_7,_50_0 34.844 57 1.955 486 2.500 55.786 241.870 246.571 1,500 3369 927 343.871 37.342 6.529 *371.75* Total ................. Liabilities: Capital stk. (3100>. Other curr. liabil.Equip, oblig.______ Accrued deprec. __ Other unadj. cred. P. fic 1. balance__ 5276,606 $81,700 42.334 7.500 19,303 58 125.711 $266,694 $81,700 38.903 9.000 16.854 61 120.176 Office: 1419 Bloomfield St.. Hoboken. N. J. Income Account, years ended Dec. 31: 1952 1951 Rental inc.. etc. 958.974 $72,748 Ry. tax accruals 37.474 51.248 Other deductions.. 205 217 Net income ........... 21595 21.281 P. fic 1. surp . 1-1 137.903 249 808 Dividends _______ 135.000 Total 3276.606 3266.694 Notes: Early in 1948 company borrowed 315.- 000 at 4% interest, payable In 10 equal annual Instalments from Marine National Bank. Mil waukee. Misc. credits_____ 678 P. & 1. surp.. 12-31 159.876 Earned per share. 37.10 Number of shares. 3.000 Ba'ance Sheet, os of Dec. 31: 1.814 137.903 37.09 3.000 Outstanding, Dec. 31. 1952, $7,500. Assets: 1952 1951 ?Capita! stock: Hillsboro A North Carton Hfiiffgy itsck; par firth AUTHORIZED---1.000 shares; outstanding, 817 shares; oar 3100. DIVIDENDS--1908 to 1917. 36; 1918. 313: 1919 to 1949. none: 1950 and 1951. SI; 1952. none. TRANSFER AGENT--Company's office HOBOKEN MANUFACTURERS RAILROAD CO. Nistary: Incorporated under the law* of New Jersey July SI. 1902. The road acts at ft connecting link between the trunk lines and fteamahiD piara aod Industries Along the Ho boken waterfront. Lease; Operates under lease the property of the Hoboken R.R. Warehouse fic Steamship Connecting Co. Mileage Operated: 8.44 miles, of which 1.92 miles are owned. 6.52 miles are leased. Road Is operated by DleneJ oil-electric nower. Standard gauge: rail 85. 100 and 141.66 lbs. Equipment: The companv operates 3 Diesel oil-electric locomotives and 2 service cars, consisting of 1 snow sweeper and 1 flat car. Control: On Dec. 31 1946. capital stock cf company formerly held by Seatrain Lines. Inc. was acquired by Hoboken R.R. Warehouse St Steamship Connecting Co., under an agree ment approved by the Federal Court at New ark. N. J. Prior to Dec. 31. 1946 assets of Road fic equip. ... Cash.......................... Accts. receivable.. 3429.752 45.124 6.997 3429.751 8.840 11,800 Total ________ Liabilities: Can. stock <S1C01__ Ac?fs. pay., etc .. P. Sc 1. surplus ... S4B1.873 3300 0ft0 21.997 159.876 3450.391 3300.000 12.488 137.903 Total _________ 3481.873 3450.391 Capital Stock: 1. Hoboken Railroad Ware* House & Steamship Cenneetlns Co. stack: per 51 Cft; ____ AUTHORIZED--3 ftOO shares: outstanding. ftftft rr etoft DIVIDENDS PAID-- 1013 .. 33 ftfl 1916... 5 no 1914. Iftty. 33 50 4 5ft 1915__ $4 00 1916. 5 5ft 1919... 122 1*56-27 107ft 1934... 1437.. 104ft-42 5 5ft 55ft 4 ftft 5 nft 5 50 ft 5ft 6.0ft 3 00 19?ft V9*3-24 WP4 1671-32 1955... '0.78... 1M3 .. 1947-48 4 00 4 N1 4 50 4 5ft 600 6 2.00 nil 1921-.. 1025__ 1929... 1973... 1936... 1939. . 1944-45 1949... 4 5ft 4 25 6.5ft 2 ftft 6 5ft 500 nil 35.00 O^O.. U 00 15! 45 00 1952-- nil TRANSFER A CENT AND REGISTRAR--At rnmnany's office HOOSAC TUNNEL & WILMINGTON RAILROAD CO. $! HOUSTON _ RAILWAY CO. History: Incorporated in Texas, Angort ItiiS 1905. to construct, own and operate tannaM oropertles In and about Houston. Tag. *37 Property: Owns Union passenger slslitiMg jm in Houston and 99 01 miles of tracks, lnrtpp. CCsmMWtSRaJ8m4ihn>nBp1.oourto3iaPa.egidLLeotl..el9e8lceneryeecurL0a.ksiBamtsaetaabgrohu.mnms1s;ss7esaeuoma.Idsue.eaiusilBioifuSt1lstaedouglei1a9watmoeC,snpemn9s0lnnanfi:n5teB:h7.Drtnrddou0ia.dionTSrerce,InamttloCanmacoroontflFaoiw.oitglieeavulGepc.btonoSnetnrrhnGarkhlroPt.rnrist8oee.Lealtgreuu,5avauwRaagaaSCnlGcWitrflikectl9ot:i.dnoliiioef0eaucLtoooiuLtyr.cnCNkeplaniprterfffgaih.i1triksoeeoaethRehRI1LleaeClssrr0oWMstav.atlealsRoGrhfat.&kictdnaeeaes.l.ineeotinaddntxsCt.1fdroWrDyngCodito.noace9&c.Ndleo.rd0oeSikraa1.nanoo;ts9Rm1WasnRgbvr9t5linRTPdeyt8ereniyihelyecd.lhreayalr.kinsbeeeSet.sscSiytCsrCmsnCRaeae.iRCan.feogdoihnrnaSneco.in..jitn,ictn..talcfta,fawtOKTraADaA1DFRPt51uMI1tota1ahQoo4Nno.g099rRfannFoJ9UUnUyfMIAmatCeno0dn1oAU0BnkwfVldTLs3yrrd1A-iR2Tf5rTTt,,.e.c4a9oTEIIe--ffND4HPeHE2s1spnff2URaa8a10htSOdEi/DOO)lti.f.3oERlae<eatFiSN--nreRRrfnSrdlIEseeEoaorTDoSIIhcTJs.aRaDnZtZ--Ynao:SutddeEEoMeePrm--Il--e:ysc:bDDCpACosApskJ1t1a.o1----u:yueI9a:uG8D..r2e.enn9$1l1211fEyda6--sty.7.i..9a5.$rtr.5N2$0so11iHJtH.$n ppaaynmy'senftisrsftoSrVnjSo. tdeuxece19e6d7i;ngan3d3,0G8u5.l0f,00CoolfocrBaodmEoLT A TERM Hoboken RJt. Warehouse & Steamship Con necting Co., owners and lessors of property on which rail line runs, were largely acquired by Webb fic Knapp New York real estate firm Latter company also acquired all assets of Hoboken Land fie Improvement Co., on whose History: Incorporated under laws of Massa chusetts. Dec. 28 1886. Line of road operated. Hocsac Tunnel Mass., to Beadsboro. Vt.. a distance of 10.93 miles. Sidings. 6.54 miles. Standard gauge: rail. 68 lbs. Equipment; Loccmo*ivos. a; 1 service car. Sc Santa Fe Ry. Co.. Beaumont. Sour Lakih Western Ry. Co., and St. Louis. Brownsville fie Mexico Ry. Co. guaranteed principal of the bonds. Equipment: Switching locomotives, 26; ser vice cars. 7; motor trucks, 5. property the railroad has a slip and trestle. Reorganization: Reorganization was termin ated as of Dec. 31. 1946 and trustee dis charged as of that date except for liquidating certain item* and preparation and settlement cf Anal account before U. S. District Court for New Jersey. Officers: Wm. Zeckendorf, Pres.: N. L. Salgo. Exec. Vice-Pres.: E. H. Binzen. R. W. Shepard. J. P. Bell. R. T. Flanagan. H. I. Silverson. Control: S. M. Pinsly owns 1.934 2/3 shares of stock. Officers: S. M Pinslv. Pres and Treas.: J. A. Long, Vice-Pres. and Gen. Mgr.. New York: Samuel Sidd Clerk. Charlestown. Mats.: F. X. Morrissev. Gen. Counsel. Bennington. Vt. Directors: G F. Glacy Boston. Mass.: David Pinsly Franklin. Mass.: Samuel Sldd Charles town Mass.: S. M Pinslv. New York. N. Y : J. S. Pinsly. J. A. Long Readshoro. Vt.: F X. Officers: J. T. Alexander. Pres.: J. P. Cowley. F. E. Bates. Vice-Pres.; A. B. Higgins, Sec. and Treas.; R. T. Chambers, Aud.; G. Leach. Gen. Mgr. Directors: O. H. Osborn. J. P. Cowley. J. ESpahn F E. Bates. R. H. Kelley. R. W. A strong. S. Hommer, L. A. Bruns. PalaMS Hutcheson. Annual Masting: Wednesday preceding ea* Vice-Pres.; M. Iserman. Vice-Pres. and Gen. Morrissey. Bennington. Vt.. H. E Levine, Bos ond Thursday is November. * Counsel: A. J. Phelan. Treas.; H. V. Lett, Sec. ton. Mass. No. of Stockholders: Dec. 31. 1952. 9. Oirectors: H. I. Silverson. H. V. Lett. A. R. Heath. William Zeckendorf, R. W. Shepard. A. J. Phelan. E. H. Binzen. Annual Meeting: In April. Annual Mooting: In October at North Adams Mats. No. of Stockholders: Dec. 31. 1952. 12. No. Of Employees: Dec. 31. 1952. 13. No. of Employees: Dec. 31, 1952, 1.5X7. Income Account, years ended Dec. 32s* 1952 Rental income ..... 3909,516 No. of Stockholders: Dec. 31, 1952. 8. No. of Employees: Sept. 1, 1952, 39. General Office: 1419 Bloomfield St.. Hobo ken, N. J Corporal* Office: North Adams. Mats. Treasurer's and Operating Office: Wilming ton. Vt. Income Account, years ended Dec. 31: Oth. non-op. inc.__ Rv- tax accruals-. Fixed charges___ Other deductions. Net income............ 61,575 577.661 452.614 4.903 64 087 Capital Stock: L Hoboken Manufacturers' 1952 1951 Surplus credits ... 66.442 Railroad stack; par SIMt Oner, revenues ... 166.562 $89,202 Surplus debits____ 02,355 AUTHORIZED--5.000 shares; outstanding, 4,000 Operating exp. ... shares: par <100 Net oper. rev _________ nWVFPCRTP--All ftwnhv TTnhoVffH R F Onoratinr ratin 59.359 7.203 89 'SC* 69.708 P. fie 1. deficit. 12-31 0........... 19.494 T As reported. 78 159t ? Earned surplus cleared from account* A MOODY'S MANUAL OF INVESTMENTS 229 GULF, COLORADO AND SANTA FE RAILWAY COMPANY pari af Tfca Ateklaan, Tapatu A Santa Fa *. Irstam) __incorporated under the laws of Manning. A. A. Horne. J. W McCullough. I. H. 2. Gulf, Beaumont A Great Northern Rail. Rlstorr- "tg j^73. Acouired bv purchase Kempnor. J. P. Cowley Galveston. Tex.: R. J. I wav Co. general 6s. A: resaa Texas & Mexican Central Ry.. Coke. Dallas. Tex.; J. V. Scott. W. S. Bellows. AUTHORIZED--And outstanding. S400 M. M Chicago. central & Montgomery Ry Houston. Tex.: W. H. Tyler, Fort Worth. Tex. OWTCER^FTP--Issued in T926 in one registered Jons .nd Texas. Louisians A Eastern Aug J ,L e o v ` ,ojs ernulred properties of Cane I" Dc"m Concho San Saha & Llano R.R.. nelt H.o- b T^ir Grande Ry. Co.. Gulf. Beau- Annual Meeting: rtrst Tuesday In March , sond to Atchi'on. Topeka A Santa Fe Ry Co. `Fee: Galveston. Tex n satisfaction of a like amount of indebted- financial statements: For firtnHal state. rR 'or advance* for capital purposes t ent* fnr 1935 and preredir.fT vearc ASSUMED--By Gulf. Colorado and Santa Fe Moodv's 1317 Ra^rond Manual* 1936 and sub Ry. Co. ynrt Northern Ry. Co.. Gulf. Beau- sequent vears Included tn parent company'* -or.t ,,a5 citv Rv.. Healdton & Santa Fe *tr>trTnent - ml A- A Eastern Ry Co and Texas I Bonded Debt: Gulf. Celeredo A Gents Fe gr co. J co~. formerly operated under lease. ! FTv. Co. general Is. series A, 8 and C: A f*ulf ' 1950. acquired Santa Fe Tie A Lum- j AUTHORIZED--And outstanding 'series A I -Preserving Co. - -S LI i|nMnsi: OVlp'CelrdaWtes'l TtfrstatF' Rv. Co. | r!" pon- .eri-^ B *3131^003 *rles uUnHdUeCri lease of Texas and tNhIWs the i ooo 9vn $42.31fl 000. INTEREST--J&J 1 Due July 1, MSI. C. 54 " :'r `1 the panhandle and Santa Fe Ry. 3. Gulf, Beaumont & Great Northern Ball vviv Co. general 6s. B: AUTHORIZED--And outstanding. $1,132,000. OWNERSHIP--Issued in I9C0 in one registered bond to Atchison. Topeka & Santa Fe Ry. Co to refund a like aggregate principal r.rr^unt cf first mortgage 5s which matured July 1 1910. ASSUMED--By Gulf. Colorado and Santa Fe Ry. Co. ^ f'hof Sweetwater. TSSUED--To Atchison. Topeka 9r Santa Fe Rv i Jasper & Eastern Railway Co. first gold 6s, .1,. with ofher roads, owns and operates ^V'Lte Houston Belt & Terminal Ry Co. Co in satisfaction of a like amount of in series A: debtedness due to that eomenn* all o'edeed j AUTHORIZED--$1.425.000; outstanding. $1,- ^ f-ncrJl index). under A T A- S F Ry. Co gero^al mortgrge | 123.886. * *,i- controlled by The Atchison. SKURED-By a first lien on 1=19.36 miles of j O^^SHIP-Iss^mi^ g, one re^te^d r*Sks A "<" Fe Ry Co _ . ._ ^ , I :n satisfaction of a like amount of indebted- ?* of Road: Total lines operated, 2.106 09 Note: As of D*c >1. a9c.2. there were also j ness for advance for capital purposes L*0* , which 1.927 28 miles owned. Leased outstanding. S2.080J351 (authorized. $17,858,925' | ASSUMED--By Gulf. Colorado and Santa Fe *r.' <*c*SS.'..".s*,f :2opn_e_u_ral_l>se' dtrac5k7acgemm, 5:illA0e.C6s9 m\Mfiilliealesoa,0goAewnKbedyv t. xas. 1303.72 mile?- Oklahoma. 135 84 Louisiana. 6,33 miles: total. 2 106.09 m *' ' for "detailed mileage, see A. T. & S. F. Hit i formerly certificates of Indebted ness due originally Julv 1. 1929, and extended indefinitely Interest paid April 1. While in terest on indebtedness Is cumulative. It is onvable only when earned. . /',%<.rr. t G Gurley. Pres.. Chicago. HI.: , p C(v"*, v vsce-Prc and Gen. Mgr.. Gal* Texa** C R Tucker. Vice-Pres.. oper- It is mutually understood that the certifi cate will not he enforced as current assets bv the holder (Atchison. Tooeka Sc Santa Fe Ry Co). ,p .r , - " i't E D iTv V.ce-Pres . Traffic: R. G. 1. Concho, San Saha A Llano Valley Railroad L 1 -ce-Pr5<? Chicago: E. S Marsh.Vice- first gold 6a. series A: oJ*a ` finance : J- A. Manning. Sec. and AUTHORIZED--And outstanding. $615,000. ^ ,, . j p Lovely. Aud.. Galveston. Tex.; R. OWNERSHIP--Isrued in 1926 as one registered Ir H-'- n Compt.. New York; 7. C. Gifcscn, bond to Atchison. Topeka Sc Santa Fe Ry. Co p-ri and Gen Counsel- R. S. Outlaw. in satisfaction of a like amount of indebted- \ 'I Chicago. 111. ! nrss for advances for capital purposes. * Directors: F G- Gurley. R. G. Rydin, Cht- I ASSUMED--By Gulf, Colorado and Santa Fe Ry. Co. S. The Texas & Gulf Railway Co. first gold 2s. series A: ATT'fnpiZFD--And outstanding. $779 000. OWNERSHIP--Issued in 1926 as one registered bend to the Atchison. Tooeka & Santa Fe Rv. Co. in -atisfp.cuon of a like amount of indebt edness tor advances for capital purposes. ASSUMED--Ey Gulf. Colorado and Santa Fe Ry Co Capital Stock: 1 Gulf, Colorado & Santa Fe Railway Co stock: AUTHORIZED--S20.000.0CO; outstanding. $15.30? 000: par 8100. OWNERSHIP--All but directors* qualifvirg rhares owned bv the Ateh^on. Tooeka & Santa Fe Ry Co. and $15 495.000 thereof pledged under that company's general mort ... o h. Osborn. Ballinger Mills. Jr.. J. A. ; Ry. Co. gage THE GULF AND INTER-STATE RAILWAY COMPANY OF TEXAS (Operated under lease by the Gulf. Colorado & Santa Fe Ry, Co.--Atchison System) MJttory: Incorooraten under the laws of f* Mar 19 1894 Road opened In Serf.. I$f7. rci* Gaiveston flooc m >00 necessitated the --rorntruction of -nad Oct 1. 1903 were resumed On Dec. 15. 1925 ir-rj're.i rrope^ty of Tc Dork Si Chan- ,,1 r\ Charter renewed May 9. 1934. ____ _ T .....HnihFi.M/f Cninr*dn A Qmti for ]?i*r 1 itMmd Tex.. 43.60 miles: yard track and sidings. 7.47 \ Office: Galveston. Tex. miv Standard I Bonded Debt: L. Gulf St Inter-State Railway Officers: F. G Gurley. Pres.; R. G. Rydin. Ce. of Texas general mortgage Sm V:.re-Prcs . Chicago: J. P. Cowley Vice-Pres.: AUTHORIZED--$1,528,700; outstanding, $1,- T. A. Manning. Sec. and Treas.: J. F. Lovel> 42? 7 4 Ard.. Galveston. Tex.: J. C. Gibson. Vice- r OWNERSHIP--Issued In 1927 as two registered Pres, and Gen. Counsel. Chicago: E S March, i bonds to The Atchison. Topeka & Santa Fe V:?e-Prcs fFirnnce\ R. S. Outlaw. Gen. So- ; Ry Co. : ci nr: Chicago. | Capital Stock: Gulf & Inter-State Railway T* N-w 'A*o .*VM jiS I 1543 Sd Directors: F G Gurtey. G. E. Schuler, Bal- Co. ef Texas stock: t^r-r er. ^ ^ nr-^r Mills, Jr W A. Kelso, J P Cowlev. ! AUTHORIZED--?50n 000: outstanding. $71,000. '..rafter,subject tocancellation on 90 days j D La`imer O H. Osborn. J A. Manning. OWNERSHIP--All but 9 directors' oualtfying vdee. ! j W Murphv Galveston. Tex shares nwmed by The Atchison. Topeka it Lina of Road:Hid- island toBeaumont. ' Annual Meeting: First Tuesday in March. 1 Santa Fe Ry. Co. THE KANSAS SOUTHWESTERN RAILWAY COMPANY 'Operated under leas* by The Atchison, Topeka A Sint.* Fe Ry. Co-1 Mi.torv: Incorporated under the laws of Oc* 24. r'Ql. for 900 years, as a reor- .... r i ''f :he S` Lcuis. Kansas Sc South rn R R Co., which was sold under fore- - nrcc:'d:nis. Oct. 22. 1S93. L^a-e: Leaded to The Atchison. Topeka Sc \ F-J R'* Co New lease dated Jan. 1, 1943 > : hL.-rafter from vear to year subject to . "ir.a'.on on SO days' notice Line of Road: Geuda Springs to Anthony K-sn.. 2238 miles: vard. track and sid n-2' j More. C J Putt. C A. Menninger. R. D. c Cl miles. Standard gauge. ! ! Brown C. O. Clark. Dale McGrath, Topeka, Officers: F. G. Gurley. Pres.: E. S. M-rsh.!' V!ce-Pres. (Finance)*R. G Rydin, Vice-Pres , i Chicago: W. L Mere. Vice-Pres . Topeka, t Knns C A Menntnger. Sec. and Treas . To- I -*pka. Knns : W F. Davis. Aud.: J. C. Gibson, j Vice-Pres and Gen. Counsel, R. S. Outlaw, Gen Solicitor. Chicago. ! Kans. Annual Meeting: First Thursday tn Nov. Office: Topeka. Kans Capital Stock: I. Kansas Southwestern Rail* wav Co. stock: AUTHORIZED--And outstanding. $362,900: par $100 OWNERSHIP--All owned by The Atchison. Directors: F. G. Gurley. Chicago: W. L 1 Topeka Sc Santa Fe Ry. Co. LOS ANGELES JUNCTION RAILWAY COMPANY Affiliated with The Atchison, Topeka & Santa Fe Ry. Co. through a subsidiary* Natory: Incorporated in California May 26. ' Dscges. Treas : V R. Cowsert See. and Aud.: ! Balance Sheet, as of Dec. 31: to operate under a lease, a railroad built ; W E Knight. Supt., Los Angeles. i A:*cts. 195? 1951 ted by Central Manufacturing Dis- | Directors: R. D Luttcn. Chicago- E J j RoaJ & $605,046 $603.056 ' ir.c.. to ssrv2 an industrial area in Ver- I Dicges. H. G. Erickson LeR M. Edwards. I 2h v-- Ca'. a".d .adjacent territory connecting * `ne Southern Pacific. Union Pacific, i Fo. and Pacific Electric railroads. R'leage: Tracks operated, 54.18 miles: op'*' d \ nder trackage rights, 1.44 miles; total. - rr.uos. Standard gauge. I ! C J Lumnp J. H Kelley, V. R. Cowsert. Los Angeles. Cal. Annual Meeting: Last Thursday in January Office: Los Angeles, Cal Income Account, years ended Dec. 31: `; , I I M* -acteeirv Sc supplies. C*hir assets______ Unadjusted debits. Total ................. 1952 1951 Liabilities: 34.211 94.203 16.S22 1.299 19.977 $771,657 47.066 117 552 16.001 3.076 3.980 S730 731 On Jar.. 13. 1949 the Interstate Com- Orrcr. revenues ... r*'.-e Commission approved terms of a lease Oper expenses ... S33.-.108 7<*tn'2 $'..0:7 215 Capital 5-ock-------754.".4 Due affil cos ------- S50 000 48.318 S50.003 67.427 ,*.7? * 19^3- whereby the Los Angeles *; ^ cn Co. leased the railroad properties r.,^(*c:`n.Tr^^ Manufacturing District Inc. *, ycar *o year subject to termi. cn ?o days' notice. Ry tax jeer _____ Oper. income ___ Net rents ________ Ry oper. income.. Other income____ 96 S'1! 50 292 cr i?.Z22 102.8'5 1.185 125 035 Accounts payable. 137.616 Accrued deprec .. cr8l'90r Surrlus -------- -------- 219.52' I 1,080 I ^ Total -------------- 54.429 176.947 441 963 -----------------S771 6d7 78.088 152.253 441.963 -----------------$790,731 Capital stock owned by the Western i-t*. 'Tl.nt Company, an affiliate of The -'a.vm, Topeka & Santa Fe Ry. Co. uT^rUi.R 9, Lutton, Pres., Chicago: C. J. "-PP. Vice-Pres. and Gen. Mgr.; B. J. T tal income ........ C ther deductions . Net bef fix. chg... Fixed charges I... Net income 104,009 25 103.975 104.142 dr 170 - 220.601 j Capital Stock: L Lot Aagalaa iooctSon Rail* 2' i way Co. stock: 220 576 AUTHORIZED--$50 000: outstanding, $50,000; 175.60? '>r $100 44,274 OWNERSHIP -- All owned by Western lm1 provement Co NEW MEXICO CENTRAL RAILWAY COMPANY 'Operated under lease by The Atekisan. Tepefca A 5-ml Fe Ry. Ca.' ***>eocVntlff121 as ^ew i Fe Central Ry. Co. and The Albuquerque 15. 1918. when the road with all its rolling Mcvmn !i K H Co,-.- u"der TM laws of I Eastern Ry. Co. stock and equipment was purchased at fore- as a consolidation of The Santa I In receivership from Jan. 10. 1910 to Jan. I closure sale by S. C. Munoz, Truatee, for the MOODY'S MANUAL OF INVESTMENTS 213 Gen. Aud., Bangor, Me. A 0- , r Pendleton. Cirlbou. Me.; otr**?TM' r u Hutchins, Bancor. Me.: Llieetone, Me.; H E. Verrlll. n f G5 Me' flT Putnam, Houlton, Me. Meeting Third Tud*y In April. !r^ Employ***1 None. -f--- Bac<or. Me. laceme Aeeount, year. edM Dee. Jl: 1952 1951 r revenues - Sr expenses -- JJToper. rev. , tax accruals- oper. income-. :.'ner income 1$2,.942 4.281 d 1,339 2.614 d 3.953 600 1$4,295 5.656 d 1.360 2,244 (2 3,605 706 Gross income_____ Other deductions Net income...........- <2 3.353 131 d 3.484 Balance Sheet, as ef Dec. 31: Assets: 1952 Road St equip.____ $210,319 Donations ________ cr 7.109 Accrued deprec. cr 76.664 Cash ........................... 19.623 Accounts receiv. .. 229 Mater. & supplies. 214 Acer, accts. rec. .. 200 Prepaid insurance. 30 Total ____ Liabilities: Capital stock $146,843 $150,000 d 2,898 Aud. couch., etc... 285 276 75 P. 8c 1. balance___ dr 3.442 42 d 2.973 Total ................. $146,843 $150,318 1951 $210,319 cr 7.109 cr 74.611 20.874 381 214 Capital SteclD Van Bare* BrMga Oe. stack: aar $100: AUTHORIZED -- >00 ihim: outstanding. 1.500 shares: in treasury, 900 shares: par 1100. OWNERSHIP--All owned by the Bangor A Aroostook R.R. Co. DIVIDENDS PAID: 200 On $100 par shares: 50 1:21-22 $3.00 1923... $4.50 1925-26 6.00 1927... 3.00 1924... $5.50 1928-36 NU 1937... 2.00 1938... Nil 1939--40 1.00 $150,318 1941- -- Nil 1942-43 0.75 1944... 1.50 1945-.- Nil 1946-47 2.00 1948... 1.23 $150,000 1149__ 1.00 1950... 2.00 1951-52 Nil THE ATCHISON, TOPEKA & SANTA FE RAILWAY COMPANY lessor owned by the lessee and no rental is properties and trackage rights of History: Incorporated under the e*?an'as. Dec. 12. 1895. "J-i,, nId Atcbison. Topeka & Santa re Rall^Vumoany was chartered In Kansas In f*d rv 1859 The main line was completed /rid the years of depression, following lf*r,7a of that year, affected the company When better times appeared, the constructed more than three thou- miles of new road and gained control ;hf.a thousand five hundred miles more. Moan'ion began in the `80s and by 1890. H'.ta the acquisition of the St. Louis Sc San 2 risco R R and the Colorado Midland R.R. nine thousand miles or more--the railway in the world at that time. The frrreision In 1893 shook this great system %I*t as it did many other roads, and the It-h'son lost a considerable part of Its mileiri in the reorganization. *>w present company acquired Chicago, oiite Fe Sc California Ry. Co. in 1900 and on Ter 1 1901. San Francisco Sc San Joaquin v. ler'Ry- Co. (chartered in 1895). Santa Fe, rrcou Sc Phoenix Ry. Co. (Incorporated In Jr,.7 was acquired in July, 1901, and was Z-rted into California. Arizona Sc Santa Fe t Co in Dec.. 1911. In Sept., 1935, acquired (r-ough General Improvement Co. (since dlstfived) control of Santa Fe Trail Transported an Co. In 1937. company purchased the Fort Worth & Rio Grande Ry. Co. owning a line paid. In other cases, particularly those compa nies whose properties are operated by the Gulf. Colorado, and Santa Fe Ry. Co. and Panhandle Sc Santa Fe Ry. Co., such rentals as are paid to the lessors reach the Atchison Company in the form of interest. These transactions onset one another and they do not appear in the income account of the Atchison, Topeka Sc Santa Fe Ry. System as shown in company's annual reports to stockholders. Leases of certain of the companies which formerly received a rental permitting of dividend declarations have been modified so that the rental is limited to interest on their interest bearing obligation*. The following companies are so operated (see statements appended): California, Arizona <Sc Santa Fe Ry. Co. Clinton St Oklahoma Western R.R. Co. Dodge City it Cimarron Valley Ry. Co. Fresno Interurban Ry. Co. Garden City, Gulf & Northern R.R. Co. Gulf. Colorado St Santa Fe Ry. Ca Gulf 6c Interstate Ry. Co. of Texas Kansas City. Mexico & Orient Ry. Co. of Texas Kansas Southwestern Ry. Co. New Mexico Central Ry. Co Panhandle Sc Santa Fe Ry. Co. Rio Grande. El Paso Sc Santa Fe R R. Co. Terminal and Collateral Subsidiaries: The following companies are wholly owned: jj Western Improvement Co. *,crn fort Worth to Menard. Texas, approxi Central Manufacturing District. Inc. mately 213 miles, and the operation of the road Chanslor-Canfield Midway OH Co. m%* taken over by the Gulf, Colorado Sc Santa Cherokee & Pittsburg Coal Sc Co. F* Ry- on Mar. l. 1937. Coline Gasoline Corn. On June 30. 1941. company acquired and merged properties of following companies Coiine Oil Corp. Lane Star Townsite Co. \ vrly ooerated under lease: Buffalo North- The Los Angeles Corn. extern R.R. Co.. Oil Fields' 8c Santa Fe Ry. Tj Osage County St Santa Fe Ry. Co., and she Kansas City. Mexico Sc Orient Ry. Co. Lps Angela* Union Stock Yards Co. j^Los Angeles Junction Ry. Co. oil Development Co. of Tex. On Dec. 31. 1942, company acquired and Oklahonta Land & Improvement Co. urged the following companies: Barton Santa Fe Land improvement Co. Cjuntv & Santa Fe Ry. Co.; California South- Southwestern Improvement Co. m R.R Co.; Corona Sc Santa Fe Ry. Co.; El- ^Westland Warehouse* Inc iorsdo Sc Santa Fe Ry. Co.; Elkhart Sc Santa iBeaumoni Wharf Sc Terminal Co. P.y. Co.: Grand Canyon Ry. Co.: Minkler Haystack Mountain Development Co. .iut*iern Ry. Co.: Oklahoma Central R.R Co.: Santa Fe Pacific R R. Co 4*:ina 8c Santa Fe Ry. Co.: Santa Fe Sc Los Santa Fe Trail Transportation Co. Angeles Harbor Ry. Co.; Verde Valley Ry. Co. p-epefty of Laton & Western RJl. Co. was Marita Fe Transportation Co California) Terminal Bldg. Corp. of Texas T*rg*d into California, Arizona St Santa Fe j. Union Passenger Depot Co. of Galveston. Hr as of Dec 31. 1942. rSee aooended statement. On Jan. .30. 1943 comcany acquired property Affiliate*: The Atchison also own* a half Rdckv Mountain & Santa Fe Ry. Co. interest in the Sunset Ry. 41.82 miles, the On May 20. 1344. the ICC authorized com- Southern Pacific owning the other half, also ijnv to purchase iointlv with Chicago. Rock with li other companies, all entering Kansas :> and 6c Pacific Ry. Co. properties of Okla*,rr.a Ry. Co. City, owns capital stock of Kansas City Ter minal Ry. Co. and with 11 other companies, Operating Territory: Operates 13.071.86 miles which enter Chicago, owns Belt Ry Co ot ' ' ba extending from Lake Michigan to the Chicago. Has Joint stock interest with West ** Mountains, the Gulf of Mexico and the ern Pacific Ry. Co In Alameda Belt Line (sec **v.*ic Coast. The c:rectiv operated lines ot general Index for these companies). rr system consisted on Dec. 31. 1952, of the On Sept. 4. 1926. the Interstate Commerce .owing Atchison. Topeka Sc Santa Fe rail-! Commission approved the acauisitlon of Texas ay proper, consisting of main lines from ! City Terminal Rv Co. by Missouri-Kansaa- cago to Los Angeles a_ nd____S__a__n____F__r_a__n___c_is__c__o_I, Texas tRt..Rlt.. VCo,.,. New OwirlIeCaEniUs.. TtreAxaMs aStt 1MUeVAxUic.Vo h numerous branches and spurs* Gulf Ry Co* and Atchison. Topeka Sc Santa Fe Ry Terminal R.R. Co., a subsidiary of Railway Equipment St Realty Co.. Ltd. Company la jointly owned by Atchison. Topeka 6c Santa re Ry Co. and western Pacific R. R- Co. Each company owns 1,125 common aharea, par $100. or a half Interest. Company serves the Oakland port and gen eral depot of U. S. Army In the Oakland outer harbor, as well as industries located in that territory and industries located on Key Sys tem tracks in Oakland and Emeryville. On Dec. 27. 1949. the ICC authorized ac quisition jointly with Chicago, Burlington Ac Quincy, New York Central and Pennsylvania railroads of entire capital stock of Illinois Northern Railway. Truck and Bus Operations: Company's prin cipal motor carrier subsidiary is Santa Fe Trail Transportation Co. Company carries on a common carrier freight operation over 9.980 route miles of highway, in the States of Kansas. Oklahoma. Arkansas. Misouri, Ne vada New Mexico. Colorado. Texas and Cal ifornia. In this freight service it operates over 600 pieces of freight equipment. Effective Mar. 1. 1948. company's bus opera tions were transferred to Transcontinental Bus System. Inc. (see general index), a newlyorganized company, in which Santa Fe Trail Transportation holds a 38.4^ stock interest The truck operations, in addition to offering a common carrier service, are integrated with the railway and handle much railway freight under coordinated service. Improving service and effecting faster deliveries, especially to some of the rail branch lines. Truck and bus services of Santa 7e Trans portation Co. of California are largely coordi nated with Santa Fe rail service, principal part of such coordination being operation be tween Los Angeles and San FTanclsco where passengers are handled by bus over that part of trip which lies between Los Angeles and Bakersfield. Combined operating statistics of Santa Fe Trail Transportation Co. and the Santa Fe Transportation Co. of California, follow: Trucks: 1952 1951 Truck miles oper . 15.848.000 15.572.000 Route miles .........- 12.000 10.994 Tons of frgt. carr . 481.000 502.000 Ton-miles ............... 87.888.000 85.285.000 Dieselixation Program: Company purchased first Diesel-electric locomotive in the year 1935 for transcontinental passenger service In 1941. with acquisition of two 5.400 h.p. locomotives the Santa Fe pioneered in the use of Diesel motive power for heavy duty road freight service At Dec. 31. 1952. Diesel ownership had grown to 838 locomotives (540 road and 298 switch) comprising 1.400 units aggregating 1.937.00') horsepower, represent ing a gross capital outlay of approximately 8200 million exclusive of investment in re lated servicing and repair facilities Addi tional units on order will raise total horse power of Diesels to more than 2.100.000. Maintenance and Property Improvements in ' jrado Sc Santa Fe Ry.. from Galveston Co- purchase of entire capita) stock of 1952: Because of the pro'onged steel strike T-xaa. to Purcell. Okla from Somerville to I S500.<X)0 for S2.ia3.;*g. Each applicant was to during 1952 and insufficient allocations of 1 5ee from Temple to San Angelo from I ray one-third of amount and to receive sub- material by Government agencies, not all *(oume to Pans, and numerous other stantially one-third of the stock. programmed work was accomplished and it "'inches in Texas; Panhandle Sc Santa Fe Ry i 111 Jan.. 132S. Atchison Jointly with South* has been necessary to carry over some expen r4 3homa-Texas line to Amarillo and New ! ern Pacific Co. and Western Pacific R.R. Co k"rxico Sta.te..line to -Pecos. T-exas, F- arwell to acquired control of Central Calif. Traction Co ; L'rr*an- Amarillo to New Mexico State line, As of June 15. 1929. jointly with Illinois '('on June, to Lamesa. Texas, Oklahoma- Central R.R. Co. acquired the Chicago Pro <' line to Presidio Texas, etc. duce Terminal Co . which has a terminal rail ditures into 1953. Only 60^ of the new rail program was completed in 1952. Some delays have resulted to signaling installations and the new freight car construction schedule. In replacing old rail with new. 90 miles of SUBSIDIARIES AND LEASED LINES road and approximately 100 acres of land In 132 lb rail and 118 miles of 115 lb. rail were the distribution center of Chicago. laid--a total of 208 track miles in 1952 com Pursuant to an order Issued by the Cali pared with 281 track miles in 1951. Cross ties In addition to lta directly owned lines, At- fornia Railroad Commission, sustained by the inserted in renewals totaled 1.245.273 com ei.\her leases the property or owns prac- United States Supreme Court. Atchison. pared with 1.191.339 in 1951. 411 * tk* stock of a number of com- Southern Pacific Co. and the Los Angeles St 1 Gross capital expenditures in 1952 totaled ernes operated as part of the system. Salt Lake (Union Pacific) R.R. Co. constructed I S80.1 million, of which S57.4 million was for * iease of various leased line com- a union passenger station and necessary ter- equipment and $22.7 million for roadway and SI.?*. are not Eiven for reason that all of minai trackage at Los Angeles, Calif. The cost < structures. stock, except directors' qualifying of the project (not Including depressing of New equipment acquired in 1952 included zy*? and ail of bonds of these companies s"tree-t*s- a-nd- other p- ublic work to `be assumed , 202 Diesel locomotives (228 uinits). 2 self-pro hy The Atchison. Topeka St by the City of Los Angeles up to maximum pelled Diesel passenger cars and 2.491 freight Ry- Co. and it does not appear of $1,000,000) was approximately $8,800,000. cars *2,241 built in company shops). * detalls are particularly interesting Atchison's snare of the cost borne hv the rail After the flood difficulties of June and July. public. In some cases, where roads. which was also its proportionate owner 1951.1 in the Kansas-Missouri territory, com Aichison Company la the leaaee and also ship in the entire facilities, was S.i'V Terminal pany adopted a program, estimated to cost uth2**7)l!e.*r Jat1:11 , * Ut*minietreersevs-to-beeaanrninggadeeobi t( wwasaspplalaceceddininooppeeraratiotionnMMaayy77,1, 91J993.9. i about $10 million, for necessary improvements *l4 0f iJKSJ: !re Pfoytoe for the walv- i During 1943. Oakland Terminal Railway was } such as raising track to higher elevation and interest on the indebtedness of the , Incorporated in California to acquire freight enlarging bridge openings along our primary sj.snsrwxfrar a sit jo tvd \rvw v.jrrnnw II jj i MOODY'S MANUAL OF INVESTMENTS 215 -continental route to provide a "dry line" t_ro*. ,he area where service was badly intercr05 At the end of 1952 approximately 80% rP**S' oroeram had been completed. otJPS modern freight stations were built at i Corwithi and San rranclaco. lnclud- uc automatic Towveyer systems and the inf , devices and methods for handling J**2)it shipments. eight-channel microwave radio com- mcations system was installed, linking ?Ui,,ton with the important terminal of 9*iy,mont. Texas. With three intermediate "^ster stations, this microwave installation "miles communications across waters of the c.0c5ton Bay swamplands and farmlands. an air distance of 68li miles as against former transmission over a 315-mile open pole line paralleling the railroad route, centralized traffic control was installed be,_^n Bakersfield and Calwa, Cal., a distance '7 ji-i miles, and on both tracks between ?Lmdad. Colo, and Lynn. N. M., through gjdon tunnel, a distance of 16 miles. Automatic train stop system was installed -- 647 3 miles of track and 98 locomotives, type of train stop system has been com- plated on 2.S30.8 miles of track and 247 loco motives. Further installations are pro grammed for 1953. MANAGEMENT Officer*: r. G. Gurley, Pres. St Chinn. Exac. Comm. R. G. Bydin. Vice-President (Executive) C. R. Tucker, Vice-President (Operation) G. E. Duffy. Vice-President ITraflic) J. C. Gibson, Vice-Pres. A Gen. Counsel E. S. Marsb. Vice-President--Finance J. P. Reinhold. Assistant to President L. E. Sievert, Exec. Rep. of Pres. R. S. Outlaw. General Solicitor R. M. Hogin, Compt. St Asst Sec. C A. Menninger, Secretary & Treasurer D. C. Wilson. Asst Treasurer A O. Appel. Asst. Sec. it Asst. Tress. Ww. E. Davis. General Auditor G. Hunt Asst Gen. Auditor J. P. McDonald. Asst Gen. Auditor L. L. Taylor. Asst. Gen. Auditor W. W. Kelly. Gen. Purchasing Agt. T. A. Blair, Chief Engineer--System F. H. Rockwell. Gen. Frt Traffic Mgr. R. T. Anderson. Gen. Pass. Traffic Mgr. A. A. Dailey. Gen. Advert Mgr. C. H. Anderson. Commissioner of Taxes G. E. Wasko, Transfer Agent New York W. L. Camp, transfer Agent Chicago Directors: W. E. Brown, Wichita. Kan. Charles J. Whipple. Chicago J. L. McCaffrey, Chicago B L. Hupp. Kansas City. Mo. T. S. Lamont New York W. L Dean, Topeka, Kan. E. L. Ryerson. Chicago J. L. Cleveland, New York F. G. Gurley, Chicago R. W. Robbins. Pratt, Kans. A. H. Me lUnser, Chicago S. B. Flynn. Oklahoma City M. J. Trees. Chicago Norman Chandler. Los Angeles N. L. McLaren. San Francisco Annual Mooting: Fourth Thursday in Aortl at ToDeka. Kan. Number of Stockholders: Dec. 31. 1952: Pre ferred 19 755: common. 39.678 Number of Employees: 1952 (average for system). 63.549. Chicago Office: BO E. Jackson Blvd. New York Office: 120 Broadway. Topeka Office: 920 Jackson St. HJLAGE--Atchison, Topeka & Santa Fe System, Dec. 31, 1952 Company operates mainly In Illinois. Mla- .-url Kansas. Oklahoma. Texas. Louisiana. Colorado. New Mexico. Arizona and Cali fornia Population of theaa states in 1890. i aistzTC: m 1M0. 11J90J42; In 1910. 16.487.815: V 1920. 19.705.532: In 1930. Jl.035.300; In 1940. 5js7'444: in 1950, 40,542,275. The directly operated lines of The Atchison, T.meka & Santa Fe By. System on Dec. 31. 942 consisted of 23.071.86 miles (of which --47 54 miles owned), classified as follows n am track mileage, as of Dec. 31, 1932): Owned Atchison. Topeka Sc Santa Fe By. Co. 7.683.4^ Calif Arizona & Santa Fe By. Co. 702.40 Dodge City Sc Cimarron Valley By. Co............. -............-............................... Presno Interurban Ry. Co............. .. 819.48 It.*2 Carden City, Gulf & North. Ry. Co. 37.11 Kansas Southwestern Ry. Co_______ 5338 New Mexico Central Ry. Co.______ 28.67 Gulf Sc Inter-State Ry. Co of Texas Panhandle Sc Santa Fe Ry. Co___ Total Gulf. Colorado Sc Santa Fe Ry. Co._____ ________ ____________ Panhandle Sc Santa Fe Ry. Co______ Clinton Sc Okla. West. R.R. Co. .. Kansas City, Mexico Sc Orient Ry. Co. of Texas_______________________ Rio Grande, El Paso Sc Santa Fa R.R. Co.......................... ........................... Total Panhandle Sc Santa Fe Ry. Co. ....................................................... SUMMARY Mileage by companies: Operated Atchison, Tooeka Sc Santa Fe Ry.................... ................ 9,086.60 Gulf. Colorado Sc Santa Fe Ry. ......................................... 2,096.77 Panhandle Sc Santa Fe Ry. 1,888.49 Owned 43.60 84.60 2.061.24 1.142.89 82.03 600.44 20.21 1.845.57 Owned 8,840.73 2.061.24 1,843.57 Mileage by States: (cont'd) Operated Missouri................................... 308.17 Kansas ...................................... 2.924.91 Nebraska __________________ 2.51 Oklahoma _________________ 1.476.06 Texas _______ 3.694.11 Louisiana___ 64.53 Colorado____ 643.06 New Mexico 1,337.03 Arizona_____ 816.28 California .. 1.495.66 Owned 265-80 2.890-98 1.458-40 3,617.41 63.97 603.28 1.337.03 816.09 1.393.13 Tot. mileage of system 13.071.86 12.747 54 Total second main track operated. 1.949.31 miles (1.735.75 miles owned): total third main track operated 48.67 miles (28.45 miles owned); total fourth main track operated. 12.38 miles Total Atchison, Topeka & Santa Fe Ry. Co. .............. ....................... Gulf. Colorado & Santa Fe Ry. Co. .. Total mileage ________ 8,840.73 Mileage by States: Illinois ......... ........................ 1,933.04 Iowa ___________ _______ ___ _ 13,071.86 289.67 19.87 12,747.54 <5.84 miles owned): total additional main track operated, 2.010.36 miles <1.770.04 miles 281.58 owned): total yard and track sidings operated, 19.87 6.391.63 miles (6,097.41 miles owned). PHYSICAL FACTORS Mileage, Equipment and Operation Tears Average Ended Miles Dae. 31 Operated Extra Main Track Loco motives Pas senger Cars Freight and Com pany cars Freight Aver. to all Haul Traffic Miles Revenue Freight Density Average Revenue Freight Train Train Load Mile (Tons1 Earning* Average Averse* Rev. per Revenue Passenger per Ton per Mile per Mile (Cental 1 Cental 1*43 11944 {1943 < r 1217 *1348 T1949 ^:950 T:?5i .92 13.130 12,103 13,114 13.095 13.106 13.081 13.102 13.073 13,096 13.072 1253 1288 1291 1,990 1.999 2,009 2,009 2,012 2,010 2.010 1,656 1.759 1,810 1,814 1,727 1.693 1.643 1,563 1,555 1,434 1.426 1431 1.435 1.535 1.634 1.715 1.635 1.739 1.685 1,657 85.339 86,916 86.977 86.674 84.513 84.692 85,749 85.166 88.545 90.454 71 % 72 72 73 80 8! 81 81 82 81* 631 613 533 519 503 517 517 515 2.428,774 2.868.924 2,870.625 2,273.494 2.502.249 2.521.694 2,143,268 2.180,126 2.502.814 2.483 212 871 925 922 885 917 945 937 1.011 1,035 1,054 $7.44 7.78 7.48 6.67 7.65 8.64 8.94 9.84 10.22 11.02 1.78 1.80 1.78 1.87 2.12 2.35 2.35 2.38 2.38 2.40 1.05 1.01 1.01 1.01 1.13 1.30 1.39 1.42 1.42 1.51 19-Year Aver 13,099 1.997 1,665 1.594 86,723 77 542 2.477,518 950 8.57 *> ]2 1.23 LPassenger miles operated: 1952. 8.598; 1951. 9.207; 1950. 9.260: 1949 3 ZK: 194S. 9,206.!7: 1947. 9.K4.17; 1946 . 9.336.74; 1945 . 9.255.84: 1944. * 775 13: ;943. 9.269.44. Freight miles operated: 1952. 13,072 1951. 13 056: 195). 13.073; 1949, 13.102; 1948. 13,080.80; 1947. 13.106.47; 1946, 13.084.59: 1945. ~.::3.81. 1944. 13.102 69; 1943. 13.150.78. Note: Figures shown in above tables are those of The Atchison. Topeka Sc Santa Fe Ry. System. Cabooses in service, 1.115; weight of rails from 52 to 141 lbs. Standard gauge. Marine equipment: Steamboats and tugboats. 4: car floats < :c . 5, trucks, 324; tractors, 3: trailers and semi-trailers. 7. Additional Fralgtit and Passenger Statistics (Atchison. Topeka Sc Santa Fe Ry. Synem) Train Miles ------ Revenue Train Miles ------ -per Train Hour- Train Mile Earnings Ton Passengers Passenger Av. Miles JC. :44. :>ts. Ml :N7_ :mi. :ms. no. Ml. .132. Freight 36 692.854 40.673.344 40.861.750 33,636.994 35.760.403 35,031.787 29.958.022 29.494285 31.668.762 30.803.909 Passenger 26,652.854 27.221.357 29,839.826 28.104.657 23,690.283 24,927,211 24.063240 23.632212 24,161249 24,029.107 Total 63.345,708 67.894.701 70.701.576 61.741.651 59.450.686 59.958,998 54.021.262 53.126.497 55.830.011 54.833.016 Freight 17.1 17.9 18.1 19.5 19.6 19.8 20.2 20.5 20.7 21.6 Pass 36.6 36.7 36 7 38.7 40.8 42 7 43.5 43 6 42.7 44 5 Freight S9 09 9.32 9.31 8.95 20 36 12.19 23 06 14.31 14.72 15.96 Passenger Miles $3.89 31.952.423.000 4.13 37.603.481.000 3.78 37.657.726.000 2.68 29.757.652.000 2 12 32.804.962.000 2.14 32.993.968.000 1.99 28.088.070.000 1.90 29.816,323.000 2.18 32.785.808.000 2.39 22.469.246.000 Carried 10.399.212 11.263,992 10.277.575 6.844.776 5.059.039 4.584.607 4.096.740 3.616.519 3,930,779 4.247 660 Miles 5.827.179,344 6,250.295.258 6,367.753.106 4.023.888.634 2.373.540.293 2.263.822.110 2.040,812.308 1.BS1.349.U1 2,209.855.823 2.401.678.857 per Pass. 560.35 554 89 619.58 587.88 469.17 493.79 498.16 520.21 562.19 565.41 hi:''0I0n0c; l1u9d4e5,s water ton miles San Francisco Bay: 1952. 12,890.000; 1944, 12,857.000; 1943, 12,153,000. 8.701.000: 1951. 8.961.C'JO; 1950. 8238.000: 1949. 6.581.000; 1948 ! 8.193,000; i947, 9.317.000; 1946, ... Year acquired or rebuilt *-i and prior_____ .*10-24 ;i3-a ...................................... 1*30-34 I.............................................. 1*3-39 . .......................................... 1*40-44 ......................................{*45-49 .I............................................ 1*50-51 .. ...................................... 1 .. ........................................ Steam 317 89 96 1 27 64 2 -- Rolling Stock, Dec. 31, 1952 (As reported by company) -Locomotives-- Elec. ______ __ D_ie_sel ___ .... ____ _.._.. ______ 49 163 ____ 260 _____ 165 -- 201 Total 317 89 96 1 76 2?7 262 165 201 % 22 1 6.2 6-7 5.3 15.8 18 4 11.5 14.0 --Freight: Can-- Total % 6.258 7.4 11.901 14.1 13,844 16.3 7,126 8.4 8.569 10.1 49.584 23.1 9,478 11.2 5,467 6.5 2,491 2.9 -- Paa Total 497 119 292 78 104 77 353 135 2 Total 596 _____ 838 1.434 100.00 84,718 100.00 1.657 100.00