Author Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 Excerpt:...elsewhere, 529"" 72,892 The outstanding stock was on June 30, 1904 owned by persons residing as follows: In Massachusetts, 4,854 persons, owning 151,073 shares. In New Hampshire, 1,505"" 27,217" In Maine, 636"" 16,939" Residing elsewhere, 547"" 63,362" CENTRAL VERMONT RY. $2,185,100 of the $3,000,000 stock of the Central Vermont is owned by the Grand Trunk of Canada. Under a traffic contract the Grand Trunk agrees to make good any deficiency in earnings to meet interest on the. $11,000,000 4 per cent, bonds up to 30 per cent, of the Grand Trunk's receipts for traffic interchanged. Reference to the table of statistics will show the striking feature of the operating expenses is that Conducting Transportation and General Expenses absorb a very large proportion of the gross income from operation. The annual report states that the cost of all additions and improvements to the property, amounting to $133,170, was included in operating expenses in 1903-4. As of June 30, 1904, track contained: 115 miles of 80-pound steel, 54 miles of 72-pound steel and 127 miles of 75-pound steel, 241 miles of 56-pound steel. Notes payable June 30, 1904, $275,000. MAINE CENTRAL R. R. Dividends at the rate of 7 per cent, per annum are paid on the stock. Dividends are payable quarterly, beginning January. Prior to 1903-4, 6 per cent, was paid. A majority of the eapital stock of this road is owned by the Boston & Maine. In January, 1904, the stockholders voted to acquire the $2,500,000 stock and guarantee an issue of $2,500,000 yl/2 per cent, bonds of the Washington County Ry. (successor to the Washington County R. R., 137 miles). This road is operated separately. Operating expenses of 1903-4 include $740,237 paid account of n...