Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1904-10-18

1t the end of last year to SG,O2Sl9S
this year. During the year dividends
have been paid as follows:
October. 1903 - per cent s1.496.250
January. 1904 IA per cent 935165
April. 1904 ......3 per cent 2.24L396
July. 1904 .......1A per cent 1.So9.25o
High Class Freight Decreased.
While the tonnage. as a whole. shows
IN increase over the previous year, an
analysis shows that the principal in
creases have been in low class freights.
forest products, mineral products, and
miscellaneous commodities and grain.
| The commodities yielding higher rate
cattle, manufactures. and general
lmerchandise-have decreased materi-
ally. The serious decentralization in
grain rates which prevailed through
out the winter and spring months re-
suited in the moving Of an increased
tonnage without a compromising in
crease in receipts.
The increase in operating expenses,
while largely due TO the higher wages
and high prices for materials, is at
tributed to exceptional conditions. the
more notable being the coal strike in
the Colorado fields and the increased
mining rates in Indian Territory and
Kansas. which resulted in a material
increase in the purchase price of fuel
and entaiIing the additional expense of
transporting the company's coal over
long distances.
Wages Go Up.
During the year considerable in
creaseS were made in the wages of
train, engine and station men, the ad-
vances being approximately 5 to Is
per cent. There has been a larger in
crease in the loss and damage"
freight account. BY better supervis-
pany hopes to reduce this expense.
The mileage operated by the Rock
Island railway is as follows:
Miles
of road.
Chicago. Rock Island & Pacific
railway ........ STOOLS
Chicago. Rock Island & FL Paso
railway ........ ............. 1l1.50
Chicago. Rock Island & Gulf
railway ........ ............. 3S6.6S
! Total ....-.... -..-..-........I.2 5S.92
Average mileage operated during
! year ........ .72O5.14
| Rock Island Company Report.
The annual report of the Rock Island
company was issued simultaneously
with that of the Rock Island Railway
company. The Rock Island company
is the owner of the entire capital stock
except directors shares. of the Chica-
IL, q
company. The latter owns 695. 574
shares of the capital stock of the Chi
Cago. Rock Island & Pacific Railway
company and 2S6.349 shares of the
common stock of the St. Louis & San
Francisco Railroad company. Each of
The two latter companies operates in
| dependently its lines of railway, and
each is interested through the owner
ship. directly or indirectly. of at least
4 majority of the capital stock in GER
tain subsidiary companies each of
which operates its property independ-
entity.
Il The Outstanding stock.
u During the year the issued common
stock of the Rock Island company was
Increased from $4,000. 900 to $50 1000
from So. 100000 TO S54 900 600. all of
which has been issued for acquisition
tof the capital stock of the Chicago
Rock Island & Pacific Railroad com
pany, and part of which has been used
| by the latter company in acquiring
shares of the capital stock of the Chi
cago, Rock Island & Pacific Railway
| company and St. Louis & San Fran
cisco Railroad company.
At the close of the fiscal year the
capital stock of the Rock Island com
pany. issued and outstanding. was.
Common stock ...-.....-..... S96. zoe. 900
Issued against the
acquisition Of
695.574.75 shares
OF stock Of the
Chicago. Rock
Island & Pacific
Railway Company.S69. SJs.455
Issued against the
acquisition of
2>6.S49 shares of
common stock Of
ST Louis * san
Francisco Rail
way COMPANY la.S2S.5S!
Issued and held in