Reading Company Preferred Stocks

Total authorized capital, $28,000,000 first 4% non-cumulative preferred, $42,000,000 second 4% non-cumulative preferred and $70,000,00 common stock. Par of all classes, $50. The company may, after dividends of 4% have been paid on the first preferred for two consecutive years, convert the second preferred into one-half first preferred and one-half common stock. No additional mortgage can be placed upon the property, nor can the first preferred stock be increased, without the consent of a majority of the holders of both preferred stocks and of a majority of holders of common stock. The company had the right to retire either or both classes of preferred stock at par in cash at any time. Par of all classes, $50. The first preferred is entitled to 4% non-cumulative dividends, the second preferred also to 4%, after the first preferred has received 4%, and the common receives all additional dividends. Payments are made semi-annually on first preferred, March & September 10; on second preferred, May & November 10, and on common, February & August 1, all by check. Listed on New York Stock Exchange. Transfer agents, J. P. Morgan & Co., New York.

Rock Island Company Preferred Stock

Total capital outstanding $54,000,000 noncumulative preferred and $96,000,000 common stock. Par of both classes, $100. The preferred stock has preference as to assets and also to non-cumulative dividends up to 4% yearly to and including 1909, up to 5% yearly to and including 1916, and 6% thereafter. Preferred stock can only be increased with the consent of two-thirds of the outstanding issue of both classes of stock. The preferred stockholders are entitled to elect a majority of the board of directors. No dividends are now being paid on the preferred. Listed on the New York Stock Exchange. Transfer office, 71 Broadway, New York.

Seaboard Company Preferred Stocks

Total outstanding capital $6,360,000 first preferred, $15,993,000 second preferred and $28,544,-000 common stock. Par of all classes, $100. The first preferred has preference as to assets and also dividends of 5% per annum non-cumulative up to July 1, 1910, and cumulative thereafter. Convertable at option of holder into second preferred stock at par, and redeemable, at option of company, if and when the law allows, after three years from the issue thereof. The second preferred is entitled to 6% non-cumulative dividends, and is redeemable at the option of the company after three years from the issue thereof at 110, provided the first preferred shall have been redeemed or converted. Provision is made for increase of the second preferred stock for purpose of conversion of first preferred. All classes of stock have equal voting power.

Southern Pacific Company Preferred Stock

Total outstanding capital $39,-569,840 preferred and $197,849,358 common. Par of both classes, $100. Preferred stock is entitled to 7% non-cumulative dividends, is redeemable at the option of the holder at any time between July 1, 1905, and July 1, 1910, at 115, and is convertible into common stock at the option of the holder at par at any time. Preferred dividends are paid quarterly January 1 by check. Listed on New York Stock Exchange. Transfer office, 120 Broadway, New York.

Southern Ry Preferred Stock

Total outstanding capital $60,000,000 5% non-cumulative preferred and $120,000,000 common stock. Par of both classes, $100. Preferred stock has prior right to assets and 5% non-cumulative dividends and no additional mortgage can be put upon the property without the consent of the holders of a majority of the preferred stock. A majority of both classes of stock was deposited under the reorganization plan in a voting trust until the preferred stock should have paid 5% in cash dividends in one year. This was accomplished in 1902, but a majority of holders of both stocks agreed to an extension of the trust until October 15, 1907, and thereafter unless terminated by majority vote. Dividends are paid April & October 15 by check. Listed on New York Stock Exchange. Transfer agents, J. P. Morgan & Co., New York.

Union Pacific Rr Preferred Stock

Total capital authorized $200,000,000 4% non-cumulative preferred, and $196,178,000 common. Par of both classes, $100. The preferred stock has preference to 4% non-cumulative dividends, but is not entitled to any further distribution of the net profits of the company. Dividends are paid quarterly January 1 by check. Listed on New York Stock Exchange. Transfer office, 120 Broadway, New York.

Wabash Rr Preferred Stock

Total capital outstanding $40,500,000 7% non-cumulative preferred and $169,500,000 common. Par of both classes, $100. The preferred is entitled to 7% non-cumulative dividend when earned. No dividends have been paid. Listed on New York Stock Exchange. Transfer office, 195 Broadway, New York.

Wisconsin Central Rr Preferred Stock

Total authorized capital $12,500,000 4% non-cumulative preferred and $17,500,000 common. Par, $100. The preferred stock is entitled to 4% non-cumulative dividend and after 4% dividends have been paid on both classes of stock in any one year they participate equally in any further distribution. The preferred stock has the right to elect a majority of directors whenever for two successive years dividends shall not have been paid at 4% in cash upon the said stock. Listed on New York Stock Exchange. Transfer agent, Trust Co. of America, New York.