35
The Michigan Central Railroad Company Report of the Board of Directors to the Stockholders for the year ended December 31, 1929 DETROIT MICHIGAN
The Michigan Central Railroad Company
Report of the Board of Directors to the Stockholders for the year ended December 31, 1929
DETROIT MICHIGAN
O R G A N I Z A T I O N O F T H E M I C H I G A N C E N T R A L R A I L R O A D C O M P A N Y
D E C E M B E R 3 1 , 1 9 2 9
D I R E C T O R S
F R E D E R I C K W . V A N D E R B I L T G E O R G E F . B A K E R W I L L I A M K , V A N D E H B I L T H A R O L D S . V A N D E H B I L T
E D W A R D S . H A B K N E S S A L B E R T H . H A K R I S E D M O N D D . B R O N N E R J A C K S O N E . R E Y N O L D S F R E D E R I C J . F I S H E R
W A R R E N S . H A Y D K N B E R T R A M C U T L E R P A T R I C K E . C R O W L E Y C H A R L E S B . S K G E R
The annual meeting of stockholders for the election of directors is held in the city of Detroit, Michigan, on the Thursday after the first Wednesday in M a y
E X E C U T I V E C O M M I T T E E
A L B E R T I I . H A R R I S , Chairman G E O R G E F - B A K E R - C H A R L E S B . S E G K R
W I L L I A M K . V A N D E R B I L T J A C K S O N E . R E Y N O L D S
H A R O L D S . V A K D E R B I L T P A T R I C K E . C R O W L E Y
C O R P O R A T E O F F I C E R S
President P A T R I C E E . C R O W L E Y New York Assistant to President H O W A R D L . I N Q E R S O L L New York Executive Assistant to President M A R T I N J . A L G E R New York Assistant to PresidenL F R A N K I I . H A R D I N New York Engineering Assistant to President R I C H A R D E . D O U G H E R T Y New York Vice President A L B E R T H . H A R R I S New York Vice President G E O R G E H . I N G A L L S New York Vice President E E M O M D D . B R O N N K R Detroit Vice President C H A R L E S C . P A U L D I N G New York Vice President J O H N G , W A L B E R New York Vice President J A M E S H . Htrsns New York Vice President M A L C O L M R . C O N K E L L New York Assistant Vice President. C H A R L E S J . B R I S T E H Chicago Assistant Vice President J O H N K . G R A V E S New York Assistant Vice President E D W A R D H U N C E R F O R D New York Assistant Vice President and General Manager H B N R Y S H E A R E R Detroit General Counsel F R A N K E . R O B S O N Detroit. Secretary- E D W A R D F . S T E P H E N S O N New York Assistant Secretary J O S E P H M . O ' M A H O N E Y New York General Treasurer H A R R Y G . S N E L L I N Q New York Assistant General Treasurer H E N R Y A . S T A E I L New York Assistant General Treasurer R U S H N . H A R R T New York Treasurer W A L T E R E . H A C K E T T Detroit Comptroller W I L L I A M C . W I S H A B T New York Assistant Comptroller L E R O T V . P O R T E R New York Assistant Comptroller F R E D E R I C K H . M E E D E B . New York
Ctntrtd Treasurer, 4G6 Lexir\$i$n ^wenu*, JVeic York, transfers stack, [jays divide ad* on stock, transfers bands and pays interest on bonds
C&ifrat flanovtr ffanfe and Trusi Co- registers stock at 80 Broadway, New York
R E P O R T
To the Stockholders of
T H E M I C H I G A N C E N T R A L R A I L R O A D C O M P A N Y :
The Board of Directors herewith submits its report for the year ended December 31, 1929, with statements showing the income account for the year and the financial condition of the company.
Road operated The following is a comparative table of the mileage operated:
1'J2<J 1928 Increase Decrease Miles Miles Miles. Miles
Main line and branches owned 1,181'86 1.18VHG 2-50 Line jointly owned 70 '70 Leased lines 576 13 57613 Liues operated under trackage rights 9935 9lV93 242
• Total road operated 1,858'34 1,858-42 OS
The decrease of 2 50 miles in main line and branches is the net result of the sale of 2 70 miles of the Dearborn Branch, the retirement, of 01 mile of the North Midland Branch and the extension of line at Detroit in connection with improvement*.
The increase of 2-42 miles of trackage is due to the use of New York Central tracks »o reach the new passenger terminal at Buffalo.
The year's business
During 1929, the company moved 32,792,343 tons of revenue freight, an increase as compared with 1928 of 691,446 tons, largely the result, of a heavier movement of coal, coke and manufactured articles.
Revenue passengers carried were 3,563,176, an increase of 42,637. Interline passengers decreased 21,963, while local and commutation passengers increased 64,600.
Annual Report
INCOME ACCOUNT FOR THE YEAR
O P E R A T I N G I X C O U E
R A I L W A Y O P E R A T I O N
Railway oppranng revenue* Hiulivay operating expenses
N E T R E Y E X T J V F A O M B A I L W A T O P E R A T I O N S
Pcrctntoge of exptnws to remtues
Railway tare accruals Uncollectibl* railway revenues
Year ended Dec. 31,1029 l .SSB 31 miln
opcraltd
S W . 7 1 S . 9 6 6 5 2 6 4 , 8 6 5 , 3 9 4 5 G
S 2 9 , S 5 3 , 5 7 1 9 6
C68-4S)
$ 6 , 3 0 2 , 7 0 9 8 1
1 5 , 3 7 3 2 4
Year ended Dec. 31, 1 9 2 8
1.85S-W miirt
$ 9 3 , 2 1 7 , 4 9 3 2 0
0 2 . 6 4 3 . 9 3 5 11
830,573,558 0 9
CC7-201
5 6 . 3 2 7 . 9 3 6 6 9 2 6 , 0 6 4 2 0
R A I L W A Y O P E R A T I N G I N C O M E S 2 3 . 4 4 5 . 4 S 3 HS 824.220.5fi7 2 0
Equipment rents, net debit Jo im facility reni*. net debit
N E T R A I L W A Y o r B R A T m a I N C O M E
MlHCBLLAJOSOUS O P E R A T I O N S
Revenues Expense.* and taxes
Mwcm-umom O P E R A T I N G I N C O M E
T O T A L O P E R A T I N G I N C O M E
S 9 1 6 . 1 2 3 40 6 2 5 , 0 8 1 91 5 5 1 , 2 3 4 1 3
S 2 1 . S 9 S . 3 7 6 5 1 $ 2 3 , 1 5 5 . 0 6 7 2 0
$ 3 9 7 , 2 0 9 51 3 4 2 . 7 7 3 3 9
3 5 4 . 4 3 6 32
3 1 0 3 . 8 3 1 9 5 3 4 2 , 4 4 5 3 0
561.386 65
Increase
5 1 , 5 0 1 , 4 7 3 3 2 2 , 2 2 1 , 4 5 9 4 5
CI -28 )
8 9 4 , 7 7 3 1 5
$ 4 0 4 , 7 6 9 6 5 77,747 78
1 3 2 8 0 0
Decrease 06 mile
$ 7 1 9 , 9 8 6 1 3
S9.&85 9 6
$ 7 7 5 , 0 7 3 3 2
5 1 , 2 5 7 , 6 9 0 7 5
3 0 , 0 2 2 4 4
$ 6 , 9 5 0 5 3
ttl.052.Sl2 6 3 S 2 3 . 2 1 7 . 3 5 3 01 Sl.2fi4.54t 2 8
X O N - O P E R A T I N O I N C O M E
Income from lease of road Miscellaneous rent income Miscellaneous non-operating physical property Dividend income Income from funded securities Income from unfunded nccuritiefl And ArfOUCtfi Miscellaneous income
$ 2 4 9 3 3 2 9 0 . S 2 9 0 0
5 2 . W 9 2 4 1 , 7 5 2 . 4 8 7 5 7
2 9 9 . S 4 7 4 7 7 0 5 . 9 8 4 9 6
1 2 . 4 0 4 5 0
$ 2 7 * 0 4 3 2 7 , 6 6 3 2 4
7 3 . 5 2 5 G2 8 1 1 , 0 2 9 9 9 3 2 3 , 9 9 9 3 3 4 .30 ,712 61
1 5 , 1 2 5 8 9
8 0 4 1 . 4 5 7 5 8
2 2 5 . 2 4 2 3 5
T O T A L N O N - O P E R A T I N G I N C O M E $ 3 . 1 1 4 . 7 9 2 6 9 § 2 , 0 3 2 , 3 6 4 7 2 $ 1 , 0 8 2 , 4 2 7 9 7
G R O M . N C O U E 5 2 5 . 0 6 7 . 6 0 5 3 2 $ 2 5 , 2 4 9 , 7 1 8 5 3
5 2 8 6 9 3 8 , 3 3 3 6 4 2 0 , 5 3 6 3 8
2 4 , 1 5 1 So
2 . 7 2 1 3 9
8 1 8 2 , 1 1 3 31
D E D T C C T O V S m o M finoss I N C O M E
Rent for leaded roads Miscellaneous rents Miscellaneous tax accrual* Intr?r«it «HI funded debt Interest on unfunded debt Amortisation of discount on funded debt Maintenance nf investment organization Miscellaneous income charges
T O T A L D E D C C T I O N S F R O M onoaa I N C O M K
N E T I N C O M E
Per ornf to capital tlntk outstanding
D I S P O S I T I O N o r N E T I N C O M E
Dividends declared; 4 0 per cent each year
SrJRPLfft m l * TIlF. V E A R C A R R I E D TO P R O F I T AND LOSS
4 2 , 7 3 3 , S 9 4 44 $ 2 , 7 3 6 , 5 9 3 3 5 5 2 , 6 9 3 9 4
6 . 4 1 7 2 3 4 , 1 5 8 7 6 8 2 . 2 5 8 4 7
8 1 , 5 7 7 51 6 4 , 3 6 1 9 2 1 7 , 2 1 6 5 9 1 4 2 . 4 7 4 0 5 2 , 7 4 8 , 0 6 9 01 2 , 8 9 0 , 5 4 3 6 6 1 4 2 . 4 7 4 0 5
2 3 , 7 9 5 6 3 14,194 71 9 , 6 0 0 9 2
1 3 1 , 0 8 8 6 3 1 4 1 , 5 4 9 6 0 1 0 , 4 6 0 9 7
2 , 0 8 1 0 4 1.SS3 1 9 2 0 1 4 5
5 ,563 0 0 7 . 0 1 3 5 4 [ . 4 5 0 5 4
3 5 , 7 3 2 . 4 9 0 6 9 $ 5 , 8 6 0 , 2 9 8 7 6 8 1 2 7 , 8 0 $ 0 7
8 1 0 , 3 3 5 , 1 1 1 0 3 $ 1 9 , 3 8 9 , 4 1 9 8 7 $ 5 4 , 3 0 5 2 4
( 1 0 3 2 0 ) ( 1 0 8 - 4 9 ) (-SIQ
5 7 , 4 9 1 , 5 6 0 0 0 $ 7 , 4 9 4 , 5 6 0 0 0
5 1 1 , 8 4 0 , 5 5 1 0 3 Si 1 ,804 ,859 8 7 $54 ,305-24
The Michigan Central Railroad Company
Profit and Loss account
b l l l a x c e t o c r e d i t o s p r o f i t a x e l o s s , d e c e . u b e s 31, 1928
A D D I T I O N S :
Surplus for the year 1Q29 8ll,S40,.W4 63 Profit on property sold »ils,r,.!3 37 Unrafundable overcharges 33,171 0*i
D B M J C T I O H B :
Dividend appropriations of aurpluH 818,736.400 00 Depreciation prior to July 1, 1907, on equipment retired during the year 87,782 59 Lost on property retired 119,430 59 Miscellaneous items and adjuatmentj (net) 103,212 59
R a l a w c e t o c h b o i t o p p r o s i t a n d l o s e , D e c e m b e r 31, 1929
$93,731,606 99
12.7U.-Ht> 06
*106,474,04r, 95
19.0+6.834 77
887,427,212 18
Operating revenues
Freight revenue amounted to $64,484,363.45, an increase of 3386,219-78. Passenger revenue was $19,883,089.83, an increase of $90,523.06. Mail revenue was §1,653,641.35, an increase of 8538,110.23. Express revenue was $4,314,357.55, an increase of $274,729.14. Switching revenue amounted to 31,802,695.86, an increase of $133,919.79. Other transportation, incidental and joint facility revenues increased $77,971.32,
Operating expenses
The following table shows the operating expenses by groups:
Croup Maintenance of way and structures Maintenance of equipment Truffle Transportation Miscellaneous General Transportation for investment—credit
Total
Amount
S 1 0 , 0 6 0 , 3 5 S 7 4
19 ,798 ,575 -II
1,657,201 5 3
29 ,916 ,401 0 2
1,137,396 7 3
2 , 0 9 2 , 3 3 2 2 2
P6 .961 09
Increase
$ 0 6 , 8 0 6 8 0
1,309,163 45
5 7 , 7 0 2 86
5 0 1 , 5 0 3 3 3
1131,981 14
9 0 , 7 9 9 6 5
S2G.5S7
86-1,865,394 5 0 9 2 , 2 2 1 , 4 5 9 4 5
The principal outlay contributing to the increase in expense for maintenance of way and structures is for the removal of snow and ice, the result of the severe weathor in December, 1929. There were partially offsetting decreases in charges for application of track materia] and for maintenance of bridges, trestles and culverts.
The increase of $1,369,163.45 in expense for maintenance of equipment is largely in freight car repairs. The number of freight cars repaired increased from 698,672 in 1928 to 787,483 in 1929.
Traffic expenses increased $57,702.S6, chiefly in expense of off line representation.
Annual Report
Transportation expenses veto $501,503.33 more than for 1928, mainly due to the handling of a larger volume of traffic. ,
The increase of $101,981.1-1 in expense* for miscellaneous operations is chiefly due to additional dining cars operated in regular and special service.
The increase of §90,799.55 in general expenses is mainly the result of larger charges lo the pension account and for valuation work prescribed by the Interstate Commerce Commission.
Railway tax accruals
Railway tax accruals were $6,392,709,84, an increase of $64,773.15, largely the result of under accruals in former years.
Equipment rents
The net increase in debit to equipment rents was $404,769.65, due to a greater number of foreign cars used in handling freight and passenger traffic and larger number of locomotives leased from The New York Central Railroad Company.
Miseelkm sous operations
This account, includes only the operation of the Detroit Stock Yards. Gross income for the year was $397,209.51, a decrease of $6,622,44. Expenses and taxes were $342,773.39, an increase of $328.09; net income $54,436.12, a decrease of $6,950.53.
Non-operating income
Non-operating income was $3,114,792.69, an increase of $1,082,427.97. Miscellaneous rent income decreased $36,833.64 and rents from miscellaneous physical
property decreased $20,536.38. due to cancellation of leases. Dividend income increased $941,457.58. A n extra dividend of 40 per cent was
received from the Indiana Harbor Belt Railroad Company and a dividend of 5 per cent from the Detroit Terminal Railroad Company.
Income from funded securities decreased $24,151.86, the. result of the sale- of Government securities during the year.
Income from unfunded securities and accounts increased $225,242,35, attributable to interest received on larger bank balances.
Deductions from, gross income.
Deductions from gross income were $5,732,490.69, a decrease of $127,808.07, resulting from the retirement of maturing equipment obligations.
Net income before, dividends
The net income of the company was $19,335,114.63, a decrease of $54,305.24.
The Michigan Central Railroad Company
Dividends
Dividends declared and charged against the income of the year were as follows: Date declared Date payable Kale per cunt Amount
June 12, 1928 July 29, 1929 20 83,747,280 00 December 11,1929 January 29, 1930 20 3,747,280 00
Total for the year 40 87,494,360 00
A n extra dividend of 100 per cent, amounting to $18,736,400, was declared March 13, 1929, payable M a r c h 28, 1929, and was charged against the accumulated surplus of the company.
Surplus
After charges for dividends aggregating 40 per cent, there remained a surplus for the year of $11,840,554,63, which was carried to the credit of profit and loss. Tota l corporate surplus at the end of the year was $94,089,049.30.
Capital stock
The capital stock of the company remained unchanged during the year, the total amount authorized and issued being $18,738,000, including $1,600 held by the company.
Changes in funded debt
The changes in the funded debt of the company, in detail, were as follows: The amount on December 31, 1928 ' 864,461,653 25
has been increased as follows: Refunding and improvement mortgage, bonds, Series C. issued to refund
and retire a like amount of twenty-year 4 per cent gold debentures which matured April 1, 1929 7.034,000 Q0
§72.095,653 25 and has been reduced as follows: Twenty-year 4 per cent, gold debentures, due April 1. 1929 87,634,000 00 By payments falling due during the year on the company's liability for
principal installments under Equipment Trust Agreements as follows: M C H R Trust of 1915, October I. 1929 300,000 00 M C R R Trust of 1917, March 1, 1929 600,000 00 M C R R Co proportion ofN V C R R C n Trust of IH20, April 15, 1929 407,664 75 N Y C Lines Trust of 1922, June 1, 1929 373,000 0(1 N Y C Lines 4.y2 per cent Trust of 1922, September I . 1929 51,000 00 N Y C Lines Trust of 1923, June 1, 1929 632,000 00 N Y C Lines Trust of 1924, June 1, 1929 233,000 00 N Y C Lines 4 H per cent Trust of 1924, September 15. 19139 173.000 00 N Y C Lines Wi per cent Trust of May 15, 1925, May 15, 1929 234,000 00 10,697,004 75
leaving the funded debt on December 31, 1929 SGl.397.9SS 50
s
Annual Report
Issue of refunding and improvement mortgage bonds, Series C In order to provide for the payment and refunding of $7,634,000 of the company's
twenty-year four per cent gold debentures of 1909, which matured A p r i l 1, 1929, the company issued during the year 87,634,000 of its i}4 per cent refunding and improvement mortgage bonds of Series C , dated January 1, 1929, due January 1, 1979, Series C of bonds under the refunding and improvement mortgage having been created by resolution of the Board of Directors of the company adopted on M a r c h 13, 1929.
Property investment accounts Changes in the property investment accounts, as shown in detail elsewhere in this
report, were as follows:
Road increased 84,019,490 85 Equipment decreased 1,122,972 77 Improvements on leased railway property decreased 603,736 62 Miscellaneous physical property increased 2fi,9I8 47
a net increase of £2.259,699 93
Improvements
Important improvements completed or under way during the year were as follows:
Grade separation: At West Central Avenue, Toledo, West Fort Street, Detroit, and State Street, Ecorse, work was
completed during the year. Perm a writ concrete and steel separation bridges were installed at Green and Central Avenues, Detroit, and substantial progress was made on the grade separation at Outer Drive, Dear born.
At Calumet City, Illinois, work was commenced on a concrete viaduct carrying'Burnham Avenue over the tracks of the company and other railroad companies.
Station and yard improvements: A two-story brick and concrete produce terminal was constructed at 12th Street, Detroit. A car retarder system was installed and track layout and grade improvements were made in the west
bound classification yard at Junction Yards, Detroit.
Niles, Michigan:
Three modern trestles were replaced with permanent concrete and steel bridges.
Work in Canada: The Kettle Creek Bridge, a double-track steel viaduct at the westerly edge of St- Thomas, was recon
structed as a steel girder bridge on concrete piers. Work was commenced on a modern freight house with paved driveways and team tracks at Windsor,
Ontario.
Equipment: Of four steel dining cars and 1,000 fifty-five ton steel automobile box ears orrierod during the year,
S21I hn\- cars were delivered. The remainder of this equipment will be delivered early in 1930,
ff
The Michigan Central Railroad Company
Chicago—Air Right Development and Freight Terminal Improvement, Randolph Street In 1920 this company joined with the Illinois Central Railroad Company in the
acceptance of the so-called Lake Front Ordinance, adopted by the City of Chicago in 1910, pertaining to the establishment of a harbor district and the provision of improved railroad facilities, including electrification, construction of new Illinois Central passenger station and improvement and electrification of the freight, terminal facilities of the company and the Illinois Central near Randolph Street. Subsequent negotiations between the two railroad companies and the City culminated during the year in the adoption by the City of an amendatory ordinance providing for the construction at the joint expense of the railroad companies and the City of new street viaducts over the railroad freight terminals in order to permit commercial development of the air rights north of Randolph Street. The area of this company's property which will be available for such air right development is approximately 264,000 square feet. A high class commercial development appears assured in view of the. proximity of this property to the important development which has recently taken place along this portion of Michigan Boulevard in connection with the removal of the Produce Market and the construction of Wacker Drive. The railroad companies have accepted the amendatory ordinance. In order to construct the viaducts and prepare the property for the air right development it. will be necessary to rearrange this company's local freight facilities, which it is expected will be commenced during 1930 under plans providing for modern freight houses and team yards adequate to meet the requirements of this company's downtown freight station. Electrification of the freight terminals will be accomplished by the operation of Diesel-electric locomotives, four of which have been ordered.
Mieh iga n Ra ilroad During the year the company purchased (he Western Division of the Michigan
Railroad—an abandoned electric interurban line. This property extends from Grand Rapids, Michigan, to Kalamazoo and Battle Creek, with a branch to Allegan, comprising about 90 miles. The property was acquired for the purpose of improving the company's situation with respect, to industries and terminal facilities at Grand Rapids, Kalamazoo and Battle Creek, and to provide a branch extension into the onion-producing territory through that portion of the line extending between Richland Junction and Hooper, 9-5 miles, which will be operated as a part of the Chicago Kalamazoo and Saginaw Railway, The remainder of the property is to be disposed of. A connection is to be constructed about. 3 miles long on the southerly outskirts of Grand Rapids between this company's existing Grand Rapids Division and the line of the former Michigan Railroad.
Proposed lease of the company's properties to The New York Central Railroad Company B y orders dated July 2. 1929, and December 2, 1929, the Interstate Commerce Com
mission authorized the ieasing by this company of its lines of. railroad and properties, including its leased lines, to The New York Central Railroad Company for a term of 99 years, the lease providing for annual rental dividends of $b0 per share upon the stock of this company not owned by The New York Central Railroad Company. On December 11, 1929, the Executive Committee adopted a resolution approving the making effective of the proposed lease on February 1. 1930,
Advances to Canada Southern Railway Company Total advances to the Canada Southern Railway Company as of December 31, 1928,
amounted to $5,260,439.36. During 1929 there was transferred to this account the sum of 8900,463.77, representing the cost of improvements to the property, formerly charged as improvements on leased railway property. Additional advances were made during the year for improvements amounting to $1,525,955.25. In part payment for a like amount of advances the Canada Southern Railway Company issued and delivered to The Michigan Central Railroad Company in December, 1929, $6.73o,000 of its 50-year 5 per cent gold bonds, Series A , leaving unpaid advances on December 31, 1929, $051,858.38.
Pensions
During the year 04 employees were retired and pensioned; 43 at the ago of seventy, 32 for disability, and 19 voluntarily on service pension. There were 740 pensioners at the close of the year. The total amount paid in pensions for the year was $474,700.16.
Changes in organization The Board records with regret the death on October 3, 1929, of John L . Burdett,
Vice, President; and on November 6, 1929, of Robert J . Cary, Vice President and General Counsel.
The following appointments were made: October 1, 1929, James H . Hustis, Vice President;
Malcolm R. Conn ell, Vice President; November 6,1929, Charles C. Paulding, Vice President, Law and Public Relations.
The Board wishes to express its appreciation of the loyal and efficient service of the officers and employees of the company during the year.
For the Board of Directors.
Pres-idenL
The Michigan Central Railroad Company
CAPITALIZATION
Number of shares authorized Number of shares issued Number of shares held by company Number of shares actually outstanding Par value per A h are
Capital stock 187.380 187,380
16 187,364
S100.00
Par value authorized Par value issued Par value held by camp any Par value actually outstanding Dividends derlared during the year
ftlS,73ft.OOO 0 0 518,73ft, 000 00
1,600 00 $18,736,400 0 0
HO per cent
Funded debt M O R T G A G E B O N D S
U a U of irwuc
Date cf m a t u r i t y autborited S M U G
AT .OU.Dt i s i ' i c J -n04 ntin" uulalmidJug
H t i u or
i • k r c . i l t int dn v of
Michigan Central Railroad Co nrstCj! 1902 May 1, 195*2 S1&,000,000 00 818,030,000 0 0 N o v and Map Michigan Central Railroad Co refunding and im-"
ptoveinenl-series A © J 1917 Jan. 1, 1947 0,171,00(1 00 6,171f0OO 00 ^% July and Jan
Michigan Central Railroad Co refunding and irn-1 provemcnt-senes 13© J 1020 July L. 1035 ,107,000 00 507,000 00 b% Jan and July
Michigan Central ttailroy.fi Co refunding and itn-J proveuieui-series \ J 929 Jan. 1, 1979 7.034,000 00 7,0-14,000 no **& Jnn : i n i " July
Grand River Volley Railroad first® 1909 Sept. 1, 1059 4,500,000 0 0 1,500,000 00 4 % Meh and Sept /June, Sept, {Dec. March Detroit & Bay City Railroad, first© I8S1 Mch. 1, 1-331 4,000,000 00 4,0fj0,000 00 3<S
Meh and Sept /June, Sept, {Dec. March
Kalflniftioo & South Haven Railroad firetl£l Nov. 1, 1939 700,000 00 700,000 00 5% May and Nov Michigan Air Line Railroad first® 1S90 Jan. 1,1040 2,600,000 00 2.G0O.0GQ 00 1% July and Jan Jackson Lansing i t Saginaw Railroad brzt(i) 1331 Sept. l r 1951 2,000,000 00 1,093,000 00* Mch and Sept Johet arid Northern Indiana Railroad first<T) 1907 July 10, 1057 3.000,000 00 1,500,000 00 4ft Jan 10, July 10
Bay City & Battle Creek Railway Co first© im Dec. 1,19S9 3,300,000 00 49,000 001 June and, Dee Toledo Canada Southern & Detroit Railway Co first® 190fi Jan. L, 1956 4,500,000 00 3,100,000 00 July an:l Jan
Total $47,456,000 00 Ltsx Michigan Central Railroad Co refunding and improvement mortgage bonds noniinally
issued and held by or for the company 6.G7S,03J 00
Total mortgage bond* actually outstanding $10.77^,000 00
E Q U I P M E N T TKU5T O B L I G A T I O N S
Equipment trust certificates (M C R R ) ® 1915 Oct. 1, 1930 34,500,000 00 Equipment trust certificates (M C R R>® 1917 Mch. 1.1932 9,000,000 00 Equipment, trust certificate (PC Y C R R)® 1920 April 15, 1935 7,014,071 25 Equipment trust certificates CN Y C Lines)® 1W2 June 1,1937 5,595,000 0 0 Equipment trust certificates (N V C Lines)® 1922 Sept. 1, 1037 765,000 0 0 Equipment trust certifieates (N Y C Lines)® 1923 June 1, 193S 9,4SO.OO0 00 Equipment trust certificates (N Y C Lines)® 1924 June 1, 1939 3,495,000 00 Equipment trust certificates ( N Y C Liues)® 1924 Sept. 15,1039 2,505,000 00 Equipment trust certificates ( N Y C Lines)® 1&25 May 15, 1940 3.510,000 00
Total equipment trust obligations actually outstanding
Total funded debt actually outstanding
1915 Oct. 1, 1930 1917 Mch. 1,1932 1020 April 15, 1935 1922 June 1,1937 1922 Sept. 1,1937 1923 June 1,1933 1924 June. 1, 1939 1924 Sept. 15, 1039 ma May 15, 1940
$300,000 00 Apl M i d Oct 1,,-SOO/lOO 00 <*% Sept and Mch 2,S05.9!W 30 Oct 15, \ p l 15 2,9*1.000 00 5*3 Dec and June
40S.0O0 00 4S% Mch and Sept 5,CWS,u0O 00 5*5 Dec and June 2;J3O.00l] 00 5% Ek-c and June 1,730.000 00 •ih% Mehl5,SeptlS 2,574,0110 00 41% N o v l S , M a y l 5
$!20,6lfl,i>S$ HI
$0-1,397.*$$ art
T R U S T E E S : <T) Bankers Trust Company, New York ® Metropolitan TrustConipany, New York (nowChathani Phcuix Cs) Central Union Trust Company oC New York (now Central National Dank and Trust Company)
Hanover ftank and Trust Companyi ® FideUty-Philadelphia Trust Company, Philadelphia © Guaranty Trust Company of New York
* S30&.000 puiohu«H and. retire <1 by 6be Land Drfciil Trustees f H«ln.n«e remaioioK out <if issue of 82S0.C0C-
Annual Report
COMPARATIVE CONDENSED GENERAL BALANCE SHEET, DECEMBER 31, 1929 and 1928
A S S E T S
1028 INVESTMENTS Comparison 879,741.49-o' U • Investment in road Sfi3,760.0SS 05 N.OIMOO 85 Inc
Investment in equipment 60,418,204 f>4 Trust 60,763.242 18 345,037 54 Inc 35.849,050 m Owned 34,381.039 77 1,468,010 31 Dec
.T523.SU 34 Improveui«uU oa leased railway properly 2,800.074 92 GS3.736 02 Dec 3.704 50 Deposit* in lieu of mortgaged property sold 3,794 50 —
3.706.209 24 M I S M I I M M O I M physical property 3,733.127 71 26,018 47Tnc Investments in nffiliated companies 3-9,^3,030 25 Stocks ?9,94o,407 '25 108,371 00 Inc
568,773 59 Bonds 7.J03.773 5ft 6,735,000 00 Inc 5,700,075 0B Advances ll,&34,6Sd 28 6.134.G11 20 Inc
lfi,106.S*4 29,084,867 12 312,977,982 20 Inc Other i« vest mcnts
$1,563 42 Stocks S1.563 42 —
G.371.482 31 Bonds 60 00 6,371,432 31 De& 13 15 Notes 13 15 —
551,068 V2 Advances 55i,oea 12 —
73,302 OQ Miscellaneous 61,679 45 11,622 55 Dec
6,997,429 013 614,374 14 86,383,054 86 Dec
S206.31Gl3o,2 03 TOTAL INVESTMENTS 8215,201.609 30 88,854,627 27 Tne
CfBHC-Tl- ASSETS $22,283,884 79 Cash $6,303,235 94 $15,980,648 85 Dec
1,000,000 00 Demand loans; and deposits 500,000 00 500.000 00 Dec 16,982 50 Special deposits 31.590 00 14,607 50 Inc
809,362 26 Traffic and car-service balances receivable 486.970 as 322,301 3d Dec 1,931.312 95 Net balance receivable from agents and conductors 1.793.477 47 137.435 48 Dec 1,915,113 08 Miscellaneous accounts receivable 1,769,057 92 146,055 16 Dec 0,254,903 86 Material and Supplies 5,4S7,G89 34 767,214 52 Dec
292,556 02 Interest and dividends receivable 247,223 14 45.332 W Dec 33,856 85 Other current assets 134,313 35 94.456 60 Inc
$34,543,072 31 TOTAL CURRENT ASSETS $16,753,958 04 $17,790,014 '27 Dec
DEFETtREb AS*ETti
834,279 Working fund advances *35,7C9 26 41,429 70 lac 159,5&8 66 Other deferred assets 157,371 09 2,217 57 Dee
8193,808 22 TOTAL DEFERRED ASSETS SI 93,080 35 S787 87 Dec
UNADJUSTED DEBITS
M.256 S5 Rents and insurance premiums paid in advance 14,881 IS 81,624 33 Inc 1,050,440 52 Discount on funded debt 1,255,800 89 205,360 37 Inc 2.137,112 S7 Other unadjusted debits 3.939,00! 12 1,801,888 25 Inc
$3,190 :S10 24 TOTAL CJfADJrjSTED DEBITS 85,109,683 19 $2,008,872 9fi lnc
6244,275,532 SO 3237,348,230 8S $6,927,301 92 Dec
The Michigan Central Railroad Company
COMPARATIVE CONDENSED GENERAL BALANCE SHEET, DECEMBER 31, 1923 and 1928
LIABILITIES
1028 S t o c k 1929 CompiirLsa r. $18,736,400 00 Capital stock $1- ,̂730,400 00 —
L o t t o t e r m d e b t
Funded debt unmatured 823,083,653 25 Equipment obligations 820,619,988 50 53,063.664 75 Dec
40,778,000 00 Mortgage bonds 40,778.000 00 —
164,461,653 25 t o t a l l o n g t e r m d e b t 861,307,988 50 -*3,063,664 75 Dec
583,198,053 25 TOTAL CAPITALIZATION $80,134,388 50 -S3,0.13.664 75 Dec
CtmRENT LIABILITIES
54,646,101 11 Traffic and car-service balances payable $4,111,383 5ii 9534,717 55 Dec 3,910,621 93 AudiLed accounts and wages payable 4,140,512 30 229,890 37 Inc
542.362 19 Miscellaneous accounts payable 705,126 04 162,764 75 Inc 120.690 00 Interest matured unpaid 296.807 50 170,117 50 Inc
6.042 00 Dividends matured unpaid 6,562 00 520 00 Inc -._ Funded debt matured unpaid 15,000 00 15,000 00 Inc
3,747,280 00 Dividend declared, payable January 29h 1930 3,747,280 00 —
484,310 22 Unmatured interest accrued 375,89 5 97 108,420 25 Dec 427,774 87 Unmatured rents accrued • 427,774 87 —
311,116 51 Other current liabilities 434,250 37 123,133 80 Inc
214,202,304 S3 TOTAL C C R B E N T LIABILITIES 814,200.593 51 §58,288 63 Inc
D e f e r r e d l i a b i l i t i e s
8202,544 11 Other deferred liabilities 8215,037 68 S12.493 57 Inc
8202.544 11 T O T A X DFFKllHi:]) L I A B I L I T I E S S215.037 68 812.493 57 Inc
U - S a D J C S T E D CREDITS £6,443,447 69 Tax liability S6.529.5H 27 SSC.096 58 Inc
107,135 72 Insurance and other casualty resp.rvps 14^,559 79 11,124 07 Inc 31,709,392 12 Accmed depreciation—equipment 34,902,327 26 3.192,935 14 Inc
150,478 58 Accrued depreciation—miscellaneous physical property 180,559 S5 24,081 27 Lnc 7,827,479 05 Other unadjusted credits 6,888,170 72 939,308 33 Dec
846,244,233 16 TOTAL. TTSADJrjSTKD C HBO ITS S43,649,161 89 S2,404,92S 73 Inc
C O K P O H A T E STJBPLU5
S6,696,700 46 Additional? property through income mid surplus $6,661,837 12 $34,863 34 Dec 93,731,606 99 Profit and lo^s—balance 87,427,212 18 6,304,484 81 Dec
$100,428,397 45 TOTAL C Q j U P O R a T E SURrT.US 594,089,049 30 §G,339,34S 15 Dec
$244,275,532 80 3237,348,230 88 86,927,301 92 Dec
Annual Report
EQUIPMENT TRUSTS
The following statement shows the character of the equipment included in Equipment Trusts together with the total amount of certificates or notes issued and the amount now outstanding:
M I C H I G A N C E N T R A L R A I L R O A D E Q U I P M E N T T R U S T O F 1915
COM D M v M C R R
Pnwtnar Freight . t:r can
2 4,02 L
OrtJiieaie* isau«<l lot POl w needed
00 pet cant o/ coat bearing dividend
at 5 p*t cant $4,500,000 00
Annual inula.::] n '.
5300,000 00 94,200,000 00
Balance frTeih&Afci
autaiandinc Pec .11. 1020
$300,000 00
M I C H I G A N C E N T R A L R A I L R O A D E Q U I P M E N T T R U S T OF 1917
Cciti-Scmca lajKcd fur not to esce«d BaJrVllCe
•SO per cc:il of coal cur'.ihra'.-sa Wo-Pas-senaer FrNiht boarirvg dir.drnd Aanu i l C«j:tifiratpif outatniulinji
Compuny nvativ*i cars ear* nc G p*r eeiit jnnalltiian-t redeemed E3«c. 31, 1929
U C R R 10 fi« 5,953 3S,S02,00D 6o $600,000 00 37,002,000 00 81.800,000 00
H E W Y O R K C E N T R A L R A I L R O A D C O M P A N Y E Q U I P M E N T T R U S T O F 1920
Equipment under •cb-Icaoe Irotn Certificates laaacd The New IfMlf Oot t t l Railroad Cocr-nany Tar not to « « c 4 * BIIHWI
T5 per cent oF cost certificate-* F'ussr.Bcr c(". '«.; d i i . ir>nd Aonual C*rtihtat*s aurarandinc
Camp any mo'-ivea ( H I car* at 7 per cent itatallrr.eni T e d c e r c e d Qftc. 192V M C R R 26 40 l,94fl 87,014.971 25 $467,604 75 $4,20&,932 75 J2.S05.988 50
N Y C L I N E S E Q U I P M E N T T R U S T O F 1922
Company M C K R N Y C R R C C C A St L R y C N R R P 4 L E R R P M c K A Y R R
Tot J* la
Lo coin otivfa
1 0
H
7=
macpa-c r Frrichl can
3,497 5,011 4,024 1,008 2,510 2,508
1R.55S
CVjtificfttc* .M.n-d for not Ic M C W !
75 per cent uf coat branna1 dividend
at 5 per cent $5,595,000 00
S,5S0r000 00 5,025.000 00 1,155.000 00 3,345,000 00 3,3*5,000 00
AnngaJ ii 11 in . i l i
$373,000 00 572.000 00 375,000 00
77,000 00 223,000 00 223,000 00
"1 1 • • 1 - •
redeemed 52,611,000 00
4.001,000 00 2,625,000 00
.S39.000 00 1,561,000 00 1,561.000 00
Rakncd certlllcatva •utatBodinn
Dor 31. 19W &J,^Sl,i>DD 00
4,570.000 00 3,000,000 00
615,000 00 1,784,000 00 1,784,000 00
527,645,000 00 81,843.000 00 512,901,000 00 $14,744,000 00
N Y C L I N E S F O U R A N D O N E - H A L F P E R C E N T E Q U I P M E N T T R U S T O F 1922
Company M C R K N Y C R R C C C £ St L R y
Loco-motives
15 160 65
Certificates bailed for not to ciect-d
75 pet Cftr.i eJ font bearing cv.d-fti'-
a* 4} per rent $765,000 00
R.535,000 00 3,360,000 00
Annual iaataVirncata 351,000 00 5«9,000 00 2S4.OO0 00
Tcdceroed S357.00G 00
3,983,000 00 1,568,000 00
liaLance cojl55caiea outatandir.f
Dec. 31, IKfl $408,000 00
4,552,000 00 1,792,000 00
Totals 240 S i 2,660.000 00 $844,000 00 J5,9OS,O00 00 56,752,000 00
The Michigan Ceyiiral Railroad Company
EQUIPMENT TRUSTS {concluded)
N Y C L I N E S E Q U I P M E N T T R U S T OF vm
Company M C R R N Y C R R G C C A S t L a y
Totals
Certificates iffUtd far nut 14 aicfitd p 7S per cent of co%t
L o e o - Pownfter Freight bearing d i v i d e d
?*ri at- 5 per ecm LDstaUmeatd - 39 3,982 89,430,000 00 $632,000 00 s 184 2,013 6,930.000 00 462,000 00
- 48 — 030.000 00 62,000 00
8 271 217,340.000 00 Sl.156,000 00 . . i
Cert ifi ML ti"S . r#dtewi(f-d
$3,792,000 00 2,772,000 00
372,000 00
UnlAcce certifies u-« out Htfinii rift
D<-c 31. IH20 *5,SSS,000 00 4,158,000 00
558,000 00
56,936,000 00 $10,404,000 00
N Y C L I N E S E Q U I P M E N T T R U S T O F 1924
Company M C R R N Y C t t R C C O 4 3t L Hv C N t t i t
Totals
Locomotive*
2a 131 45
13 i
F«*i<rngcr car a
17 110
Freight car« 999
5.2G4 2,219
255
Ctsrtfficatoe CsBiwd {or oat to exo«e<l
75 per cent of co*C
at 5 per cent S3,495,000 00 14,745,000 00 6.405,000 00
405,000 00
• V n n u M i n a i a l l i o e n t a
8233,000 00 983,000 00 427,000 00
27,000 00
CertiDcatea redeemed
81,165,000 00 4,915,000 00 2,133,000 00
135,000 00
outsuad:na Dec, 3 1 .
32,330,000 00 9,830,000 00 4,270,000 00
270,000 00
127 8,737 825,050,000 00 S 1,670,000 00 SS,350,000 00 §36,700,000 00
N Y C L I N E S F O U R A N D O N E - H A L F P E R C E N T E Q U I P M E N T T R U S T OF 1921
Company M C R R N Y C R R C C C & St L R y
Totals
Loco- P«»M»s«r motives e v i
5
5
53
25 189 55
1 : ,. bl enra 998
4,215 2.303
7,5 L 6
Cwtineaiea uaued for oot La ricecd
76 per cent" oS cci*t bMiinj dividend
at 44 per cent £2,595,000 00 12,720,000 00 5,640,000 00
A n n u a l i i iadsllmeitta
3L73.000 00 S48.0QO 00 376,000 00
Certificates redeemed
SSflo.OOO 00 4,240,000 00 1.SSO.O0U 00
Balance ceniGeaies
o u t s t a n d i n g Dec. 31. IfcW
St.730,000 00 •S,4S0,000 00 3,760,000 00
$20,955,000 00 Sl.397,000 00 3VJS5.W0 00 -513.970,000 00
N Y C L I N E S E Q U I P M E N T T R U S T O F 1926
Compnoy M C R R N Y C R R C C C & St L R y
Totals
P&888DCQT cura
12 257
65
Freight c&ra
1,957 3,693 4,792
C£rtifi6(L&ri iKSii-cd (ti not i-o e«ceo-d
7S pcx « a t of cwt bcuiiuj dividend
»«, 4 p^r £3,398,000 00 10,526,000 00 7,778,000 00
Annual ieitatlmoQW
6234,000 00 734,000 00 532,000 00
Cffrtific.it™ rede em* d
$524,000 00 2,452,000 00 1,926,000 00
ecTtiStffttra OMitlacdinir
Dee. 31. 82,574,000 00 8,074.000 00 5,852,000 O0
334 10.442 $21,702,000 00 13,500,000 00 35,202,000 00 810,500,000 00
Annual Report
INVESTMENTS lUrttOVEUENTB O S LEAStiD HAILWAY P R O P E R T Y
Battle Creek i t Sturgia Railway Bay Ci ty BeLt Lino Railroad Canada Saul horn bridge Detroit Manufacturers Railroad Detroit Toledo & Milwaukee Railroad Indiana Harbor Belt Railroad Jolict A Northern Indiana. Railroad New York Central Railroad—Beaton Harbor Extension St Joseph South Bend & Southern Railroad St Clair & Western Railroad
Tot*:
Credit
Credit
J29,994 29 4,193 64 3,740 7 4
S4.470 as 87,588 80 0,81 ft 80
2,630,413 96 11,774 09
100.312 87 10.743 04
32,860.074 9 2
D E P O S I T S t N L I E U or M O R T G A G E D P R O P E R T Y SOLD
Account land at Jackson $3,794 60
I N V E S T M E N T S I N M I S C E L L A N E O U S P H Y S I C A L P R O F E H T T
Peninsular Stove Co—property d 82,000,002 31 Detroit stock yards 1,023,013 43 Detroit land—Uoion Trust Company 254,740 83 Detroit lands—special 15,460 00 Bay Ci ty , land for freight house 26,532 93 Real estate—Backus property 165,312 37 Land, Woodward Avenue 130,702 07 Quarry, Joliet 1 00 R a i l leased to sundry parties 11,649 09 Jackson, land for Dew belt line nnii coach yard 36.182 95 Land for right of ray. Calumet Park 24,848 11 Grand Rapids, land for new freight yard 1,309 38 Gravel pit, Toledo 12,613 88 I*nnd for new yard, Toledo 12.CKIS 94 Land Grant lands—Union Trust Company 1 00 Land for new track, Jackson 9,200 00 Land for new yard. N i l * * 1,168 19 Land at VpsUanti 1.501 28
Total 83,733.127 71
I N V E S T M E N T S I N A F F I L I A T E D C O M P A N I E S — S T O C K * K*ld by tbu company
I N V E S T M E N T S I N A F F I L I A T E D C O M P A N I E S — S T O C K * Total oiiUtanilioc Shoe** Par value Battle Creek i t Sturgis Railway Co SfiOO.OOO 00 4.175 $417,500 00 Canada Southern Railway Co 15.000,000 00 83,449 $,344,900 00
Chicago Kalamazoo & Saginaw Railway Co 450,000 00 2.700 270,000 00 Detroit Manufacturers Railroad 300,000 00 1.773 177,300 00 Detroit River Tunnel Company 3.000,000 00 30.000 3,000,000 00 Detroit Tetminal Railroad Cu 2.000,000 00 5,000 500,000 00 Detroit Toledo A Milwaukee Railroad Co 1,060,000 00 5,300 530,000 00 Indiana Harbor belt Railroad Co 7,600,000 00 22,800 2,280,000 00 Juliet A Northern Indiana. Railroad Co 300,000 00 3,000 300,000 00 r in s ing Manufacturers Railroad 1UO.OO0 00 500 50,000 00 Lansing Transit Railway Co 2,000 00 10 (.000 00 Mnrkinac Transportation Company 05,000 00 21,066 67 Railway Express Agency, lac 1,000 shares 31 No par value Toledo Terminal Railroad Co 4,000,000 00 3.872 387,200 00 Toronto Hamilton & Buffalo Railway C o £,416,000 00 11,810 1,181,000 00
Total $17,460,666 67
INVESTMENTS (concluded)
I N V E S T M E N T S I N A F F I L I A T E D C O M P A N I E S — B O N D S
Battle Creek A Sturgia Railway Co first, mortgage Canada Southern Railway Co first mortgage Chicago Kalamazoo & Saginaw Railway Co first mortgage Toledo Terminal Railroad Co first mortgage Toronto Hamilton & Buffalo Railway Co consolidated gold mortgage
Tom 1 •"• i I - I • r.i!ii. 
EXPENDITURES FOR ADDITIONS AND BETTERMENTS
R O A D Knginccriog Land for transportation purposes Grading Bridges., trestles-and culverts Ties" Rails Other track material Ballast Track Living and surfacing Right-of-way fences Crossings and &igus Station and office buildings Roadway buildings Water stations Fuel stations Shops and enginehouses Grain elevators Wharves and docks Telegraph and telephone lines Sijjnals and inlerloekcrs Power plant buildings Power txansmisfiiau systems Power distribution systems Power line poles and fixtures Miscellaneous structures Paving Roadway machines Asdpsdiiicnts for public improvements Other expenditures—road Shop machinery Power plant machinery
Owned railway properly
$8,264 23* 982,045 16 179,376 21 07$,30l S5
35,026 55 223,217 50 301,300 46
5.298. 81 53,079 G4
129 39* 77,256 82
910,528 03 6,534 92" 3.4G7 57
03,570 90 22,150 98
54 46"
4,340 35 323,819 15
1,016 50
2,008 92 597 07
3,107 16-706 28-629 70
35,035 30 163 17*
111,619 315 254 24
58-37*
TotJil rotud expenditures £4,0l6,3$ft 72
Ltfaacd ikilwuy propcrty $670 25*
3,401 S2 6,359 90*
123,596 70 25.0*1
232,221 50,314 09*
224,624 74* 86,240 90*
92 55 -34,852 72* 18,657 00* 1,376 8 8 *
28,638 9 8 * 1,843 7 3 -
16,258 91"
3,000 00 25,629 77-
7,876 96*
298 90* 926 88* 970 95 -
16,597 0 0 -
43 00 14,982 69 8,5ft7 43*
43,305 S l -
$664,376 19'
K Q U I P M E N T t Steam locomotives Freight-train cars PasMinRer-train cars Work equipment Miscellaneous equipment
Total equipment expenditures
$14,436 49 3,212,970 4 3 *
04^74 28 4,044 50 0,642 39
SI, 122,972 77"
G E N E R A L E X P E N D I T U R E S Intercut during const ruction
Expenditures for the year Investment in roajl and equipment as of December 31, 1928
;3,102 13
$2,896,518 OS 176,008,752 83
t Iiji-lu.dir.fl; I nut. equipment
$639 57
$663,736 62* 3,523,811 54
Totals to December 31, 1920, $178,905,270 61 $2,860,074 92
The expenditures for leased lice improvements were made upon the following named properties: Battle Creek & c'turpas Railway SS,rj51 23 Bay C i t y Belt Line Railroad " - 225 39* Canada Southern Bridge 58 gi Canada Southern Railway 900 463 77* Detroit Manufacturer* Railroad 450 93* Detroit Toledo A Milwaukeo Railroad 7,754 80" Indiana Harbor Bel t—ATRO Yard 15 00*" Johet A Northern Indiana Railroad 236,344 65 New York Central Rail raid—Benton Harbor Extension 1,284 92 St Joseph South Bend A Southern Railroad 7,851 45 St Clair A Western Railroad 9,017 59*
Total S6U3,736 62*
*Cc<"Jib adjustment
77(e Michigan Central Rvilroad Company
EXPENDITURES FOR ADDITIONS AND BETTKRMKNTS {concluded)
Analysis of changes in Equipment Investment account
B Q U U M E W T ADUEIJ , including betterments; Steam locomotives Freight-train ears FasacnEcr-train cars Work equip merit Miscellaneous equipment
E Q U I P M E N T R E T I R E D
Steam locomotives Freight-train cars Passenger-train ears Work equipmtmt. Miscellaneous equipment
Net incrraw in trust pnuipmenfc Net decrease in owned equipment
Totals
TBI'S T S461.202 10
41.765 J1 S41 56
SS03.S08 SO
S126.921 70 83.649 5(5
U UN Eli 3205,088 56
£0,fi55 05 74,57* 95 25.0L0 57
SM3.3G2 55
S5&5.S32 77 1,040.344 SI
70.534 45 LS.36S IS
TOTAL
140,776 36" 81,497 23 74,578 95 25,010 57
S7t>7,201 35
5712,454 47 1,072,194 07
70,534 45 IA,3O\S i s
Total* $158,771 26 $1,731,402 Afi $I I £90, l74 12
Net deere.we in equipment investment
Ocdil
DETAIL OF RAILWAY OPERATING REVENUES R E V F . N U E S F R O M T R A N S P O R T A T I O N
Freight
$345 :03 7 54 3,4G*,01O 31
$1,122,072 77
Excess baggage Parlor and chair car M a i l EvpresK Other passenger train M i l k Switching
Special service train
Total
1929 102* Increase Deere a,w
564,184,303 45 864,094,1 13 07 S3S0.2I9 78 19.SS3.0&I 83 19.792.5iW 77 90.523 06
121,942 6fi 133,072 37 $12,029 69 3,143 43 3,100 54 30 SO
1,053,041 35 1,115,531 L2 53S.110 23 4,314.357 55 4,039,028 41 274,729 11
274.225 05 242,314 M 31,911 II 24S,S73 50 101,773 46 57.100 04
1,302.695 56 1,663.770 07 113,019 79 13.544 IR 14.219 16 074
692,700,383 7S 391,300,035 41 31,499,545 37
I N C I D E N T A L A M D J O I N T F A C I L I T Y Diuing and buffet -SL,099,494 75 $1,071,043 52 «27,SM 23 Hotel and restaurant 40,528 05 3 7 3 1 SO 3.236 19 Station .in d train privileges 7t5,0S7 Oil 74,01(5 79 2,070 27 Parrel ruflUi 30,149 60 30,095 20 54 40 Stora^e—Freight 47,403 47 42,323 9S 5,074 49 Storage—baggage 14,323 19 10,377 97 S1.549 7S Demurrage 317,495 i i 343,908 73 3.9S6 71 Telegraph and telephone! 2,456 90 2.4S4 40 S 2r5 Stockyard 4..SS9 31 331 +s 4,557 S3 Rents o( buildings and other property 97,023 40 55,702 32 11,321 14 Miscellaneous 147,393 92 159,039 2S Joiat fac i l i ty—O. 20,072 97 34,910 02 5.237 fi5 Joint facility—Dr. 18,7-44 6S 11,253 42 7,431 26
Total
Tota l railway operating revenues
$l,9lfl,0S2 7-4 $1,917,4*7 79 Total
Tota l railway operating revenues 304,718,966 52 803,217,493 20 Sl.50l.473 32
DETAIL OF RAILWAY OPERATING EXPENSES
M A I N T E N A N C E O F W A Y A N D S T R U C T U R E S 1020 192S Increase Decrease Superintendence 56-51,543 38 5632,118 74 822,424 64 Roadway maintenance 989,378 13 988,307 61 1,010 82 Tunneh. a ad subways 20,453 16 18,107 42 2,205 74 Bridges, trestles and culverts 251,731 10 332,213 19 $80,482 09 Bridges, trestles and culverts—depreciation 30,100 00 30.100 00 Tig* 981,534 44 1,157,902 -26 170,367 82 Rails 7S0,SfiS 99 8215,891 M 46,023 00 Other track material 743,019 91 754,344 3fi 0,324 45 Ra.ILa.st 310,945 17 423,870 74 108,934 57 Track laying and surfacing 2,077,143 89 2,005,928 35 71,215 54 Right-of-way fences * 39.049 37 43,842 74 4,793 37 Snow and sand feuees and snmvshedg 2,010 85 1,335 42 G75 43 Crossings and signs 254,837 17 209,591 87 14,754 70 Station and office bui lding f 427,007 S3 393,050 26 33,957 27 Roadway buildings 31,895 05 22.087 21 9,207 8+ Water stations 121,116 6S 100,847 2fi 20,268 43 Fuel stations 53,933 21 52:8C5 12 1,066 m Shops and enginehouses 395,734 26 304,184 11 8,449 85 Wharves and docks 15,516 93 2,031 13 13,485 SO Telegraph and telephone lines 77,713 m 67,924 SO 9,788 89 Signals and interlockers 342,694 7ft 329.558 58 13,136 17 Power plant buildings 5,288 SI 20,074 42* 25.963 23 Power substation buildings 497 17 970 74 473 57 Power (ranRini^ion systems L,7G3 18 1,585 46 177 72 Power distribution systems 21,213 07 23,773 GG 470 01 Power line poles and fixtures 2,743 75 7,582 7a 4,838 9S Underground conduits 70 41 87 41 11 Miscellaneous structure* 7,350 45 5,553 07 1,797 38 Paving 5S1 nil 3,991 GO 3.409 04 Roadway machines 48:725 44 43,539 91 5,155 53 Small Lools and supplies 150.617 02 141,670 85 S.976 17 Removing snow, icf- aud sand 388,7-25 G9 139,537 98 249,187 71 Assessments for publii: improvement* 4,196 07 3.225 8G 970 21 Injuries to persons 79,855 35 39,^81 33 40/174 02 Insurance 53,108 GO 47,957 OS 5.151 61 fcCaliOnery and printing 18,873 29 17.597 63 1.275 06 Other expenses 214 57 166 27 48 30 Maintaining joint, track?, yards and other facilities—Dr. 555,o07 10 530,844 90 24,742 20 Maintaining joint tracks, yards and ether facilities—Or. 394,301 19 351,166 73 43,134 4i5
Total S10,OGO,35S 7-1 39,993,4^1 9 i 366.895 SO
M A [ N T E X A N ' C E O F E Q l T P f l l E N T
Superintendence Shop machinery Power plane ma chine ry Power substation apparatus St para locomotives—repairs Steum locomotive?—depreciation, Steam locomotives—retirpm*nts Other lo com o l i ves —re p a i i s Orhf-r locoTootive? -deprcciatiod
3556,126 48 337.777 07
20,096 28 1.986 75
5,523,210 94 70S. 178 liS 281,107 G9
35,038 36 '20,505 70
$569,577 43 318,224 85
11,744 2,388 Li •
5.39+.H5 87 0*9,419 39 373.191 09
27,806 37 20,855 70
Carritd fonrarii $7,484,378 61 87,387,322 86
$19,552 S2 S.352 22
129.095 07 38,759 29
7,231 99
$13,450 95
401 29
92,083 40
•Crt-dit
The Michigan Central Railroad Company
DKTA1L OF RAILWAY OPERATING EXPENSES (continued)
M A I N T E N A N C E O F K Q U I P M K N T (.concluded) 102ft Increase Decrease Rrwiffht farxtxtrd 11 87,3B7,3'22 $3
I'reight-train ears—repairs 7,171,008 53 6.000,330 16 31,170,1)72 37 Freight-train cars—depreciation 2,431,312 77 2,515,884 04 *&4,571 27 Freight-train cars—retirements 453,436 r,'i 229.141 74 224,29* H Passenger-train ears—repairs 1,291,821 1,244,467 07 47.354 58 Paaaengftr-troirt cars—drprceiation 391,134 51 398,01 L 09 15.575 68
Passenger-tram cara—retirements 4,937 42* 99,410 \J0 104:34& 02 Work equipment—repairs 260,892 k9 2W.2S? 00 5,359 62 Work equipment—depreciation H8.255 84 00,961 35 1,294 19 Work equipment - retirements 1,074 97 7,393 47 5,418 50 Miscellaneous equipment rrpaus 5,043 41 5,504 62 las Til Miscellaneous equipment—depreciation 6.249 82 6.437 11 1S7 32 Miscellaneous equipment—retirements 1.0S4 83 o l (53 1.049 89 Injuries to persona 70,218 3 3 24.012 03 4d.205 |9 Insu ranee 47,198 12 49.750 12 2,551 70 Stationery and printing 33.157 35 30.S65 33 2.292 02 Other expenses 9.2SG M 8.457 45 82? 20 Maintaining joint equipment—l>r, 115,975 25 113,875 30 2,0«> OS Maintaining joint equipment — Cr . 39,816 24.705 f>4 15,111 30
Total 319,798.575 41 818,439.411 'j.i 51,309,133 45
T R A F F I C F . X P E N S E . S Superintendence S613.409 38 3591,832 50 S21.57*3 Outside agencies 7Q1.775 G7 655.537 42 40,238 25 Advertising 143301 at 144,7*1 44 $1,430 40 Traffic associations. 52,033 30 43.927 07 X.705 03 Fast freight lines 2.333 23 •2,520 $4 187 01 Industrial and iunuigr.it ion bureaus 20.703 It 20,025 eft 77 49 Insurance 1.184 09 005 87 51o *}
Stationery and pnntinji 121,537 00 139.679 S2 16,142 Other expenses 414 n 17 40 396 71
Total SI.657,291 53 £1.593,588 f>7 £57,702 SO
T R A N S P O R T A T I O N E X P E N S E S
Superintendence 3987,942 63 S0.3S.199 &2 3287 20 DLspatching Trains 210.55& 04 203.50'-! 74 S7,0&G 30 Station employees 3.S95.S45 48 3.8W.444 55 31.400 93 Weighing, inspection and demurrage bureaus 5S 6 M B3 55.705 37 2.904 86 Station supplies and expends 272,01G 72 267,688 19 4.42S 53 Yardmasters and yard clerks I,lS3.7o2 t/ 1,144.8*6 ST 3> S75 79 Yard conductors and brake men 3,391,102 31 3,191,302 51 100.S59 BO Yard switch and. signal tender* 336,113 11 375.214 92 9.&QS 22 Yard enginemcn 1.974.032 07 1,894,057 ii9 2s Y a r d uiutormcn 82.319 51 10,030 i n 7 2,2*0 35 Fuel for yard locomotives l,G10,5Sd 35 1.005.292 00 35.294 38 Yard switching power produrpd 04,418 08 11.77o S3 52.041 25 Water (or yard locomotives 71,044 10 U7.349 34 3,094 ft Lubricants for yard locomotives 31,132 37 29.5S6 3 ? 1,545 99
Other supplies for yard locomotives 10.534 9,769 16 7116 74 Enginchuusc expenses— yard 399 524 372,045 31 21VS70 2T Yard supplies and expenses 57,351 10 tf$.45$ 11 11.107 01 Operating joint yards and tenninuls—Hr. l,4uV,2tfS 12 1,427,524 21 30.774 01 Operating joint yards and Icnmunls—Or. 40-2,521 u 3liS,520 13 34.001 SI Train cUKitLClnca 2,472,016 (Hi 3,439,343 52 43.272 54 Train motormcn 20,027 84 90,207 30 7(1 L79 Ml Fuel for train locomotives 4.713.82S 92 4,729,3&9 69 15.500 77
Carried foruwd S22.9S7.255 85 $22,467,754 53 •Credit
Annual Report
D E T A I L OF R A I L W A Y OPERATING E X P E N S E S {concluded)
TRANSPORTATION" E X P E N S E S ( W w b d ) 1029 1928 Increase Decrease Brought frnmd $22,987,255 85 $22,467,764 53
Train power product*] 14,055 0& 47,750 59 833.704 51 Woter (or train locomotives 256,771 30 244,731 42 812,030 88 LubricnQt* for train Locomotives 94,469 37 90,722 72 3,746 65 Other supplies for train Locumotivcs 45,670 22 40,798 01 4,872 21 Enginphniue expenses—train tM5(993 74 610,001 54 35,302 20 Trainmen 2,833,001 38 2,817,601 68 15,309 70 Train supplies and expenses 1,385,595 25 1,264,152 64 121,442 61 Signal and intcrlockir operation 390,465 77 375,7tU 37 14,704 40 Crossing protection 321,931 36 32(5/207 66 4,276 30 Drawbridge operation 20,035 37 1S,82S 73 L,206 64 Telegraph and telephone operation 272,423 42 201,304 48 10,9 L8 94 Stationery and printing 239,008 57 225,813 65 10,704 92 Other expenses 32,957 02 24.825 41 8,131 61 Operating joint tracks and facilities—Dr. 205,582 81 188,290 34 17,292 47 Operation joint tracks and facilities—Or. 240,508 83 242,303 44 1,794 61 Insurance 37,078 32 38,503 13 1.430 81 Clearing wrecks 5S;I74 LB 32,747 £4 25,426 34 Damage to property 50,134 02 27,170 52 22,963 50 Damage to live stock on right of way 2,562 05 2.767 07 205 02 Loss and damage—freight 63,309 74* 216,053 03 284,362 77 Loss and damage.—haggagp 2,970 64 2,060 36 910 28 Injuries to person* 328,483 87 329,539 41 1,055 54
Total 820,016,4-01 02 S29.414,g97 69 8501,503 33
M I S C E L L A N E O U S OPERATION'? Dining and buffet service 51,3915,654 40 $1.23S,nA4 10 $158,070 30 Hotels and restAurauLs 37,630 13 36,321 71 1,308 42 Stockyards 3,112 20 50O 78 2,602 42 -
Total 81,437,396 73 Sl t27S,415 59 $161,981 14
G E N E R A L E X P E N S E S Salaries and expenses of general officers $2rj3,$58 51 S195.6H 24 $8,344 27 .Salaries and expenses of cterks and attendants 1,112,562 17 1,096,63$ 13 15,024 04 General office supplies and expenses 85,079 10 82,440 18 2,639 01 Law expenses 184,885 37 193.458 47 §8,573 10 Insurance 2,037 16 1.975 97 61 19 Pensions 253,596 SO 107,524 02 56,072 87 Stationery and printing 76,010 82 71.737 IS 4,273 64 Valuation expanses 108,697 78 00,172 25 9,525 53 Other expensea 65,269 10 62.816 12 2,452 98 Gcnccal joinL facilities- Dr. 335 'J3 256 11 70 12
Total 32,092,332 22 $2,001,632 67 $90,799 55
T R A N S P O R T A T I O N FOR I N V E S T M E N T - C R . 296,901 09 870.373 41 826,587 68
Total radway op<:ralinir expenses 364,865,394 50 $62,643,935 11 $2,221,469 45
* Cr-rtht
R A T I O OP R A I L W A Y O P E R A T I N G E X P E N S E S , B Y G R O U P ? , TO R A I L W A Y O P E R A T I N G R E V E N U E S 1920 1928
Maintenance of way and structures 1002 1072 Maintenance of equipment 20 90 10'77 Traffic expenses 175 1 72 Transportation expenses 31 58 31 55 Miscellaneous operations 152 I 37 General expenses 2-21 2 15 Transportation for investment—Cr. •10 'OS
Total 08-48 67 20
On the value of rral and personal property Railroad Commissioners' assessments, Ohio Federal Government income tav Canadian income tax
Total t'oibvay ta%*es accrued Taxes charged u» "Miscellaneous operations Miscellaneous tax accruals
Total
TAXES ACCRUED
1929 1928 33,880,448 71 $4,167,168 *2
4,103 12 3.225 4k 1,950,240 53 1,539,788 00
557,017 48 017,753 73
$6,392,709 84 30,075 38 81,57 7 51
86,327,936 m 25,527 43 04,3*1 02
36,505,202 73 36,417.S2G 04
Increase
S877 64 410,451 S7
864,773 15 5,447 05
17.215 50
537,430 69
Dee lease
$286,720 11
59,536 25
HIRE OF EQUIPMENT ACCOUNT R.KCTIYKD 1929 192S Comparison
Freight cars: Leased Interchanged
$361,264 S3 7,039,325 07
S3S7.961 23 6,823,905 35t
326.096 30 Dee 215,3.39 72lne
Lo no motives Passenger C a r s
Work equipment
§7.400,590 00 33,987 6S
440.715 49
57,211,926 581 32.1)5 85
437.270 40 Hi ,97 3 77
S18S,CG3 42 1 no 1.S71 83lne 9,445 0 9 I i «
Totals 37,902.065 92 $7,698,236 mi -5203.770 32 Inc
P A I D
Freight cars: Leased Interchanged Private
87,6153 10 0,044,783 83 1,443,179 S3
36,093,703 9&J 1.490.528 72;
$7X63 l O l n e 551.079 80 in.-
53,348 StfHec
Locomotives Passenger cars Work, equipment Floating equipment
SS.005.62fi 75 141.150 8 4 572,305 51
11,048 28
37,500.232 6Si 81.216 92
537.931 50 2.231 SO
55*
3505,394 07 Inr 59,903 921nc 34.433 05 In*
S.S10 4SJnc 55 Inc
Totals 88,820,191 3ft 83,211,842 41} SGOS^iS 971nc
IV E T B A L A N C E S 1929 1928 {'ompaiiMiPi its nfTr>*-liiig
Freight cars: Leased Interchanged Private
Total freight cars Loeomntivea Passenger car a Work equipment Floating equipmenl
* Ciedit J "Rcvinud tar compaiative puipo*"
Credit balance $353,601 S3 Credit balance 394,541 25 Debit balance 1,443,179 S3
Debit balance Debit balance Debit balance Credit balance
.$605,036 75 107,163 16 125,050 02
9,724 47
Credit balance Credit balance Debit balance
Debit balance Debit balance Debit balance Credit balance Credit balance
S3S7,961 23 730.261 39J:
1,490,528 721
$378,306 10 19.131 07
100,(561 16 14,741 97
55
834.359 40lne 335.720 14 1ne
53,343 S9Due
S316,730 05 Inc 5S.032 091 no 24,988 S61nc
5,017 50 Inc 55 Inr
Net debit balance $9LS,12a 46 Net debit balance S513.355 SI 3404,760 65 Inr
JOINT FACILITY RENT ACCOUNT
Amount paid for use of facilities maintained by other companies Amount received for use of facilities maintained by this company
1929 5976,092 46
347,110 55
1 9 2 8
8 9 * 4 , 4 4 1 5 5
373 ,207 4 2
Cflroparisitn 351,650 01 Inc
26.096 S7 Dec
Debit balance $026,931 91 9551.234 13 877,747 7S Inc
Annual Report
DEDUCTIONS FROM GROSS INCOME
Rent for leased roads B A T T L E C R E E K A N D STURGIS R A T W A T
Interest at 3% on §421,000 first mortgage bonds
Interest at on $52,500,000 consolidated mortgage bonds Interest at 4% on $130,000 r^arningtou & St Clair mortgage bonds Cash rental, 3^, on $15,000,000 capital stock
DKTHOIT HAS-yFACTOHEHS' RAlLItOAB-Cs&h rental
D E T R O I T R I V E R TU>?N"EL Interest at i\% on 31S.000.000 first mortgage bonds Cash rental. 8 % on 13,000.000 capital stock
JOLIET A N D NORTHERN IX1HAN& KAILKOAD Dividend at 5% on 8300,000 capital stock
N E W T O U K C E N T R A L R A I L R O A D ( B E M T O N H A R B O R KXTK.V-JION, ETC) Cash rental
S T J O S E P H S O X T H BEtfP A N D S O U T H E R N R A I L R O A D Cash rental
SI.125,000 00 5,200 00
450.000 00
5310,000 0 0 240,000 0 0
VAKIOXJH C O M P A N I E S for sidings, team and yard tracks
Total rent for Leased roads
$12,630 00
1,580,200 00
15,150 00
1,050,000 00
15,000 00
5,000 00
20,000 00
35,014 44
82.733,894 44
Interest on funded debt MOTlTCJACE BONDS
Michigan Central Railroad Co first mortgage Refunding and improvement mortgage bonds Grand River Valley Railroad first mortgage Jackson Lansing it Saginaw Railroad first mortgage Michigan A i r Line Railroad first mortgage Detroit & Bay Ci ty Railroad first mortgage Kalamazoo & South Haven Railroad first mortgage Bay C i t y & Battle Creek Railway Co first mortgage Toledo Canada Southern & Detroit Railway Co first mortgage Juliet & Northern Indiana Railroad first mortgage Gold debentures of 1009
-NEGOTIABLE DEBT TO AFFILIATED COMPANIES - York Central Railroad Company, advances
EQUIPMENT TftCST OBLIGATIONS Equipment trust certificates of 1515 Equipment trust certificated of 1917 Equipment trust certificates of Apri l 15, 1920 Equipment trust certificates of June I, 1022 Equipment trust certificates ol September 1, 1922 Equipment trust certificates of June 1, 1023 Equipment trust certificates of June 1, 1021 Equipment trust certificates of September 15, 1024 Equipment trust certificates of M a y 15, 1925
8*56
4%
i% 5% 5% 3% 4% 4% 4%
5630,000 00 171,765 00 60,000 00 59,325 0O
104,000 00 200,000 00
35,000 00 1,170 00
124,000 00 60,000 00 76.340 00
5% S26.250 00 114,000 0 0 205.967 42
5% 156.970 83 4 J % 19.S90 00
5% 297,56ft 67 5% 121,354 17
83-364 37 119,778 75
Total interest on funded debt
DIVIDENDS No. 137, 20 per cent on 187,364 shares, declnred June 12, lft29, payable July 20, 1920 No- 138, 20 per cent on 187,364 shares, declared December 11, 1029, payable January 29, 1030
Total for year, 40 per cent
$1,521,900 00
81.027 40
1,345,142 21
$2,748,060 61
43,747,280 00 3,747,280 00
*7,4S>4,560 0O
!>TOTT Dividend N*o. 116. 100 p>-r rer.-. an I ft7,3ftJ mharcs, declared March 13, Z020, pny*.bln Match 2S, 1020, nnd charged La nurplus, 11.6.73.5,400
The Michigan C&itral Railroad Company
EQUIPMENT IN SERVICE
CjN'CbODING" JSQDIPHKKT OF L E A S E D U V K )
D E C E M B E R 3L, 192B D E C E M B E R 31. i 4 M
Locrwwfiiwa Grand total
Avenge »ii.eu vc power
GUi
Installed duping
UU yr*r
Retired during
ike year
Grand tnUl
N-j.rr.b*r >'umbor held u.K>r hMrf undo*
V*ml»« *qiiir>^r.t Mh*r U'VL owned* trusts uf cillv
Average ira-ettre M « " (Ibsj
For freight service 26V 48,709 '20 46 241 m 35 20 51,210
For passenger service 124 30,391 15 9 130 90 30 10 31,762
For switching service 39,539 25 16 23« '212 26 - 40,901 Electric locomotives 12 55,125 - 12 12 - - 55,125
ToUlfl 632 - 60 7L 621 91 30 -
Freight-train can (foni)
capacity CCOIlfr)
Box cara 27,727 46-7 529 651 27,905 10.6W 16,392 829 47-2
Klat cars 1,324 41 5 - 37 3,287 1.2S7 - 41-5
Stock cars 945 36'8 - - 945 4U& 447 - 36-8
Coal cars 7,236 5 1 4 - 176 7,060 3.64S 3.512 - 51 4 Refrigerjitor mid produce ctrs - - - 25 - - 25 20 4
Caboose cars 315 - - 3 312 2hS 25 1 -Totals 37,547 - 354 S67 37,534 16.303 20,376 S55 -
Passenger-train cars A V C H K C ec*tijig
capacity rapacity-
Coaches 252 84 1 5 249 117 S6 16 S I
Combination passenger cars .44 41 2 1 15 3d 10 - 42
Dining cars 29 3 - 32 1? L3 - -Baggage and express cars 191 - - 2 192 110 76 . - 6 -Other combination cars 20 - - - 20 12 S - -Postal cars 13 - - - 13 11 •) - -Other passenger-train ears 3 - - - 3 2 - -
Totals 535 - 7 S 554 337 195 22 -
Company service equipment
Officers' cars S - 2 6 6 - -Ballast cars AS! - - 3S1 3B1 - •-
Derrick cars 3 - L > 2 - - V
Wrecking cars J 8 — — a & - -Other company service cars 712 102 4-2 792 790 - 2
Totals 1. L32 ] 02 -i.S 1,189 1.187 - 2
* Owned by TliG luiohijcan Central Railroad Company, TIiG Canada Southern rtailnay- Cociiwny oi Dctioit R i i c r Tunnrl Cornpuny and Si Joseph South Bend and Smrt^oin K«U«aj company
EQUIPMENT OWNED OK LEASED &Y RUT NOT IN SERVICE OF COMPANY
2.977 RefrigeratOT cars leased to Merchant* Despatch, Incorrwrated
TABLE OF TRACKS
MILES or MAIN TIUCK Y*rd«
V A I N LIMB OWNED g t B t i ' y t n i StMiid Third Fourth ftidirt«a T o u ! Michigan Central Railroad Detroit 19966' W of New Buffalo Mich 222 S3 222-49 5-18 4-35 413-97 889-32
W of New Buffalo. .2556' W of Hammond Ind 42-46 42-46 1-3& 1-37 40' 68 12S-35 W of Hammond Kensington III 6-52 6-52 1-36 1̂ 32 54-12 69-84
Total main line owned 271-81 271-47 7-92 7-54 528-77 1,087-51
B R A N C H E S O W N E D
Air Line Branch Mich 107 6C 384 - — 37-44 148-94 South Bend Branch Niles . . .6116' S of Bertranc! 5'47 - - - 3-40 8-93
Ind 0-97 - _ - 5-36 11'33 South Haven Branch Mich 39-34 - - - 7 36 46-70 Lansiug Branch 114-37 13*18 7- - 75 53 20408 Mackinaw Branch n 182-04 1 04 — - i>5-07 27905 Clad i n n Branch PineonDing Gladwin A 27-00 - - - ft>36 33-26
M t Forest Bentley a 4-60 - - - _ 4 -69 Twin Lakes Branch Grayling 4f 27-20 - — — 7-57 34-93 Bafcl«y Branch Johsnnestnu-R M 13-78 - • - lj-46 19-34 North Midland Branch Bay Ci tv W S Midland • i 18-17 - - - 7-06 2523 East Jordan Branch East Jordan u 42-65 - - - 5-45 48-10 Grand Rapids Branch Rives Junction- - , . Grand Rapids R £3'82 - 24-49 108-31 Bay City Branch Detroit Bay C i t v '1 10744 755 - - 86-37 201 36 Coro Branch n 33 54 - — - 0-61 43-15 Saginaw Branch Denmark Junction Saginaw W S It 15-76 - — - $-79 24-55 Bay Ci ty Belt A t Bay C i ty . i i 5-31 - - - 3 07 8-SS Water Street Spur A t Bay City it 3-01 - - - 5-92 8-93 Detroit Belt A t Detroit it 0-36 4-98 - 34-99 4A-33 Toledo Branch Detroit . . .236 57' S of Vienna D •6-82 343 - - 99-39 149-64
S of Vienna C S Jet Toledo Ohio S-56 - - - 42-92 51-48 Toledo Belt A t Toledo a 3'45 ISO — - 21-78 26-77 Dearborn Branch Toledo branch to main l ine . . . Mich 4 14 4-14 - -28 856
West leg of wye at -64 - — - 3-S1 4-45 Oalcwood Junction. D A I Crossing •I t-36 — - - 23 1 59
Total branches owned 910 05 40 56 - - 097-77 1,548 38
Total main line and hranches owned 1,181-86 312-03 7-92 7-54 I.12&-54 2,635-39
LTPTE J O I N T L Y Q W X E D
St Charles Air Line 111 70 •70 - - 1-28 268 Mackinaw Branch Mich - - - - -42 •42
• Total line jointly owned 70 •70 • - 1-70 m o
LEASEU L I N K S
Jnliet. & Northern Indiana E R 1201'W of Dyer Ind 15-65 - - 14-17 20-82 i n 2S--20 - - - 27-19 55 39 ft 1-37 1-35 1-33 1-31 7rt ft-12
fct Joseph So Bend <fc Southern R R South B e n d . . . . . . . .4099' N of Warwick Ind 14-23 - - - 3-46 17 69 N of Warwick St Joseph Mich 25-08 - - - 7-54 32-62
New York Central Railroad St Joseph Junction Benton Harbor 1132 - — - -99 2-fil Detroit Toledo & Milwaukee R R • 4701 - - - 13-33 0039 Lansing Transit Railway a •77 - - •89 1-fiG J^n-ii is Manufacturers Railroad u 5-2-2 - - - 8-71 13-93 Bay City Belt Line R R (South
Water Street track; At Bay Ci ty m 170 - - - 3-24 4-94 Battle Creek & Sturgis Ry Battle Creak Findley f. 33-99 - - - 2-81 3S-80 St Clair it Western Railroad St Clair * 14-89 - — - •37 15-26 Canada Southern Bridge Co Giosae He a. 2-50 - - - -B0 3 40 Detroit Manufacturers R R At D e t r o i t . . . . . . . . n 1-52 - - - 3-00 4-52 Detroit River Tunnpl Co Detroi t . . . . . 6112 'E of Detroit a 181 1-81 - - 14-37 17-09
E o f Detroit. Windsor Ont 1 45 145 - - •07 2-97
Carried forward 1&7-01 4-61 1-33 l 31 101-85 306-11
TABLE OF TRACKS (concluded)
LEASED UNSS (COnWlftfe*) Canada. Southern Rftihv&Y
Niagara River Bridge Co
India™, Harbor Belt Railroad Toronto Hamilton k Buffalo
Railway
Delaware Lackawanna & Western Railroad
Illinois Central Railroad
Brought forward Niagara Falls Windsor Bridgehurg Wetland Amh'erstburg: Eases St Cljtir Junction Courtright O i l C i t y Eddys Petrolia Junction Petrolia Coml>or Leamington Fort Eric Niagara Junction Niasara Junction NLagara-on-tb«-Lflk« London Terminal Paradise Grove Spur Niagara- Falls, O n t . . .456' E of Niagara Falls E or Niagara Falls Suspension Bridge. Argo yard ,
Coyle yard >. > A t Attcrcliffe
Stale
Oct
N Y i l l
Oat
A t Black Rock M Y A t Chicago . H i
Total leased lines
UNEfr QBILSLkTEJJ OSD*!H T R A C K A G E BLt l tTS
Pere Marquette Railroad Illinois Central Railroad
Canadian National Railways
Grand Trunk Western K y
Indiana Harbor Belt Railroad
Manistee A North Eastern R y New York Central Railroad
Wheeling & I-ake Brie Railway Wabash Railway Detroit & Mackinac Railroad Toledo Terminal Railroad
A t Bay C i t y (South Water St) Kensington So Water St Stulioa, Chicago At Chicago Hridgeburg International Boundary International Boundary , Black Rock A t Battle Creek {Ball S t ) . . To new prison, Jackson . . . . . . . Calumet r/ark Union Stockyards A t G i b s o n . . . . . . . . . A t Hammond Grayling Jet. Portage l i k e Branch Suspension Bridge BuffaLo Vinewood Ave Beaubien St, Detroit River Rouge Mich-Ohio state line Mich-Ohio s lHte line Toledo pasa sto S P & S Junction Olivers Oak Street, Ironville Toledo D i * and Waterman avenues Detroit A t Cheboygan., , At T o l e d o . . . . .
Tota l trackage rights
Total operated mileage
Mich HI
u Ont N V Mich
•i
111 Ind
n Mich N Y Mich • Ohio Ind Ohio Mich
•I
Ohio
M i l F.S ,)!•' UK.IN Th..-K Tli;c«l L-ounh illl (1
"LrHr-ir. T O M I
197-01 4-61 1-33 151 501-85 30G-11 226-10 224-58 - 107 24 647 S12
16 86 16-86 - - 51?7 64 no 16-04 - — — 2-35 10-29 62-21) - - 5-42 67 71
5-30 - - - 7o Gif.i 662 - - — I-5G 8-IS
16-05 - - - 573 21-70 3-10 - - - -L8 328
25 15 - - — 6-34 31-40 50 - - 130 I S O
">) - - — _ -26 •09 •09 - — — •1* ' I S •15 - - - 30
— - - - 578 5-7S
_ _ _ _ 3-42 3-42
- - - - 04 m _ _ _ 1-211 1 2!*
- - - - 2-02 24)2
576-43 216-29 1-33 1 31 366-63 l . m - 9 0
•16 •16 1400 14-00 — - - •'SOU
74 — - - - '74 •32 — - - - •32
53 - - - 1 41) •20 _ _ _ _ 20
3-03 _ _ _ _ 3 03 30 04 30 04 — - - 60 OS
- - — - 11*3 i\n - - — - 1-41 1 11
— _ - •m 27-10 21170 _ - — 53-80 _ 2 -S2 _ - 2.-2 — 43-38 — - - 43-3S
10-07 9 44 - - -1 57 - - - 1-0S 3-55 5-S7 - — - - u-S7
17 _ _ - •03 20 216 _ _ 3-rrfl 075
- - - - 2-02 2-02
93 35 126-91 - - 20-36 247-23
S53-34 H1S5 Li3 9-25 8-85 1 G1.VS3 4.07$ 20
RECAPITULATION
STATE OB L'HOVINCK
M i ch i Ran Illinois Indiana Ohio New York Province of Ontario
To laid
MILES OP.EKATED IN
Passenger service only Freight service only
Ount-d H ! traeU All \r&<\zn
itnlCS r-nlL-_-
1,114-80 2,348-12 6-52 60-&4
48-43 130-68 12 05 7S-25
3,161'Sfi 2,635-89
24-81
Lias-: J TutaL Lsl ir^ck A I L I W I M AH irarki Ut (nefc All iM.'kJ Eoi tr i f l : AU iruulu
mile mile** milce mi Irs mi If* miles rm [«•*
42 136-LI L94T2 S-6S 56 '50 1,250-65 ym 16 70 2-G8 2957 69 31 H-78 SS'82 81-57 230-0-3
20 as 47-51 1-57 ltyS!> 70-S.S 201- 06 _ - —
- 1-5-9* 27 40 27-90 10-V65 _ - 1ft 159 28 015 2S-21 5G-S8 - — 3S0-72 379-46 -32 •32 381-04 87978
•70 3-10 576-43 1,191-99 99-35 2-17-22 L,S5B-34 4 ; 078-2D
33-63 38-83 -70 1)4-93 35-84 120-2S
Annual Report
MILEAGE STATISTICS
T R A I N M I L E A G E
REVENGE SEifVICE 1929 1928 Increase Decrease Freight trnin-iniles. 6,405,018 6,431,872 2o,854 PasB*ngw train-miles 6.854,055 6,497.103 367,852 Other passenger train-miles 801,837 798,550 3,287 Mixed iruin-niile* 413.668 457,547 43,870 ISjHJcial train-miles 3.037 3,494 457
Total revenue train mileage 14.4SS.515 14,188,566 299,949 Non-revenue train-miles 179.527 190,274 10,747
Total train mileage 14.668.042 14,37*,S4U 286,202
L O C O M O T I V E M I L E A G E
REVENUE SERVICE Freight locomotive-mile? 6,667,374 6,934,557 267,183 Passenger locomotive-miles 8.043,fifl8 7,611,403 432,295
267,183
Mixed locomotivcMnilcs 422,048 470,111 48,063 Sj>ecial loeornotive-milcs 3,069 3,716 647 Train switching locomotive-miles 336,582 345.924 9,342 Yard stvitrhing locomotive-miles 6,569,821 6,021,475 548,146
9,342
Total revenue locomotive mileage 22,032,592 21,387,380 655,206 Nou-revenue locomotive-miles 417,543 403,015 14.533
Tornl locomotive mileage- 22,460.140 21,790,401 6G9.739
C A R M I L E A G E -
HF'VENtTZ SERVICE Freight-train ear-miles
Freight enrs—Loaded 234,276,621 233,297,269 079.352 Freight cars—empty 149.259,290 150,603.684 1,344,394 Caboose enrg 6,564,793 G.510.71G 54.077
Total freight-train car-miles m, 100.704 390,411,6i}9 310.9G5 Passenger-train cnr-miles
Pasnenger cars 15,147,730 14,861.267 286.463 Sleeping, p^rlnr and observation ears 31,80-1,570 30,408,700 1,335,870 Dining cars 3.470.407 2,869,490 600,917 Other passenger-tram cars 55,236.218 24,013,192 1,573,026
Total p-awenger-trflin car-miles 75,708.925 72,212.649 3.490.276 Mixed-train car-miles
Freight cars -luadtxi 2,514,330 3,120,164 005,634 Freight ears empty 1.096.233 1,480,708 384,475 Oahoose cars 113.226 134,671 21,445 Passmigercars 383,215 401,405 18,190 Sleeping, parlor and observation e r̂e 44,250 41,458 2,702 Dining cans 107 - 107 O^her passenger-train cars 401.475 383,203 18,272
Total mived-trflin car-miles 4,553,136 5,561,609 1,008,473 Special-train car-miles
Freight ears—loaded 33.350 37,608 4,249 Freight ears—empty — SO 80 Cahoot* cars 3.037 3,404 457 Passenger cars 12,355 635
Total special-train car-miles 43,721 54,042 Total revenue car mileage 470,411.486 408,239,969 2,171,517
Non-revenue car-miles 1,345,383 1,358,648 13,265 Total ear mileage: 471,756,869 489,593,817 2,158,252
The Michigan Central Railroad Company
TRAFFIC STATISTICS
F R E I G H T \m im Increase Decrease
Tong of revenue freight carritid 32,792,343 - 32,100,897 69L.446 Tons of company freight carried 2,757,825 2,961,068 203.243
Tota l tons of freight carried 35,&5<U6S 35,0ol,9<>5 4SS.203
Tona of revenue freight carried one mile 4,553,484,332 4,522,468,570 4l,025,S22 Tons of company freight carried one mile 224,946,390 23b.213.503 13,207,113
Tota l tons of freight carried one mile 4.7S3.430,7S2 4.7GO.ri72.073 27,758.709
Miles of road operated in freight service 1,819-51 1.S22-01 2-50 Tons of revenue freight carried one mile per mile of road 2.503,084 2,482,126 Tons all freight carried one mile per mile of road 2,631,714 2.mm 1S,84.> Average distance haul of one ton of revenue freight miles m miles 1*1 miles 2 Average distance haul of one tan of al] freight m i l w 135 miles 13R mile 1 Average number of tons of revenue freight per train m i l e ® 569 65G 13 Average number of tona of all freight per train miley; 70-2 691 LI Average number of tons of revenue freight per loaded car mile 19-27 19T3 •V4 Average number of tons of all freight per loaded car mile 2022 20 14 •OS Average number of freight cars per train rnileQ 57 76 57-35 41 Average number of loaded cars per train mileiT) 34-73 34-32 41 Average number of empty cars per train m i l e © 22'OS 22 07 -02
Total freight revenue S64r4S4,383.45 $64,098,143.67 S3SG.21&.7S Average amount received for each Ion of freight 81.97 82.00 S0.O3 Average revenue per ton per mile cents 1-413 cents 1417 cent 004 Average revenue per mile of road 535,440.51 535,179.91 4260.69 Average revenue per train m i l c Q S9.46 £9.30 S0.1G
P A S S E N G E R Number of interline passengers carried l,S18,871 1,&W,S34 21,963 Number of local passengers carried 1,614,0S1 1.57S.913 35,168 Number of commutation passengers carried 130.224 100.792 23,43 2
Tota l number of revenue passengers carried 3,563,170 3,5"iO,53& 42,037
Total number of revenue passengers carried one mile 503,770.312 M l 411.043 2,359,769 2455 Miles of road operated in passenger service 1,73806 1,762-61 2455
Number of revenue passengers carried one mUe peT mile of road 324,36S 318,511 5.S57 Average digbince each revenue posseinger carried miles 35S-23 miles 159-47 . miles 125 Average number of passengers per train m i l e ® 77 SI 4 Average number of passengers per car mile 12 12 Average number of passenger cars per passenger train m i l * 9 ^
Total*passenger revenue S19.SS3.0S9.83 $19,792,566.77 S90..523.06 50.04 Average amount received from each passenger S5.5S $5.62 50.04
Average revenue per passenger per mile cents 3-527 ccaU 3 520 cent -001 Tota l passenger service train revenue . 526,499,280.29 £25.51S,S90.51 59S0.3S3.76 Average passenger service train revenue per mile of road $15,246.47 $14,477.90
80.01 Average passenger service train revenue pet' -train milC(V> S3.2S &3.20 80.01
T O T A L T R A F F I C • Operating revenues 894,718,966 52 £93,217.493 20 SI,501,473 32 Operating expenses e4.Sti5.39l 56 fi2.G43.035 11 2,221,459 45
Net operating reveluws $30,573,55* 0& S719,«jyo 13
Average mileage of road operated 1,85334 1,858-42 08
Operating revenues per mile of road $£0,969 66 $50,159 54 12 Operating expensea per mile of road 34,005 02 33.70S 17
Net operating revenue per mile of road SI 6,064 04 $10,451 37 S3S6 73
©••Freight tniih milea" Include «oi*l •'mixed train mile*" ®"pMBC08Br trt-ia miles" iJMUd'* '01*1 " misled traui niilw"
Annual Report
TRAFFIC STATISTICS {continued)
D E S C R I P T I O N " O F R E V E N U E F R E I G H T M O V E D I N L029
NT/MEBR OT CARLOADS COMMODITY K U M B E H OF TOWS |2,0I» pound*!
Decrease Increase 1028 1929 P R O D U C T S OF A G R I C U L T U R E 1929 1928 Increase Decrease
m. 3,655 2,787 Whral 111.317 133,053 26,746 1.-U31 8,631 6,980 Corn 260,376 328,717 50,341
30-1 2,944 ' 2,549 Gats 77,291 S8 r284 10,973 aos 1,436 831 Barley and rye 2S,SS6 51,570 22,634
24S 155 703 Rice 16,911 10,050 6,861 03 274 181 Grain, o. s. 1.465 0 r 9S8 2,523
212 10,823 10,611 Flour, wheat 329,128 342h664 13,536 17 m 141 Meal, corn 3.348 4.937 1,589
1.378 1,860 482 Flour and meal, ceiibLe, X. O. 3 . 11,817 53.183 41,30* 98 11,358 11,450 Cereal food preparations, edible, H. O. a. 163,487 159,850 3 ,637
153 13,612 13,765 M i l l products, N . O. S. 319,571 310,360 9,211 385 2,937 3,322 1 fay ,ind alfalfa 39,967 36,233 3,731 IDS 313 511 Straw 6,655 4,173 2,482 73 760 833 Tobacco, leaf 12,066 10,105 1,961
1,413 2,894 4,307 Cotton in bales 51,167 34,033 17,134 6b 201 267 Cotton liattrs, noils and reffins 4,203 3,158 1,045
11 I S 7 Cottonseed 123 431 3GB 00 519 639 Cottonseed meal and cake 18,685 15,444 3,241
5S4 4,127 1,711 Oranges and grape fruit 83,244 70,890 12,354 175 638 513 Lemons, lime* and citrus fruits, K. O- ». 7,589 10,014 2,425
3,308 2,316 Apples, fresh 37,753 51,007 16,254 1,148 5,477 4,334 Bananas 46,49S 53,849 12,351
30fi <m 314 Berries, fresh 3,076 6,033 2 , 9 5 7 1,055 1,571 500 Cantaloupes and melons, N . O S. 5,944 18,663 12.719 2,015 3,505 1,460 Grapes, fresh 20,300 52,713 32,412 1.001 1,557 496 Peaches, fresh 5,155 10,710 11,555
09 442 373 Watermelons 5,130 6,139 1,009 720 1,415 68 b Fruits, frrah, domestic, W. O. s. 9,854 18,750 8,890
11 342 356 Fruits, fresh, tropical, N . o. S. 4,463 4,490 2 7 2,273 7,177 4,904 Potatoes, other than sweet Sfi,421 130,393 43,972
20 1,035 1,055 Cabbage L3.473 13,154 319 170 2,318 2,488 Onions 33,187 3Q.9U9 2,218
412 932 520 Tomatoes 6.489 11,249 4,760 1,410 5.008 3,688 Vegetables, fresh, N , O. S. 43,828 62,750 18,922
81 2/192 2,411 Beans and peas, dried fi0,235 54,201 3,966 134 542 -108 Fruits, dried or evaporated - L 1,924 13,910 1,986 360 1,442 1,032 Vegetables, dry, v, o, &. 16.189 22,380 6,191
lb 204 IS* Vegftable-wil rake and meal, except noUonseed 4.515 4,895 380 38 160 198 Pranut i 3,000 5,455 545
20 105 Flaxseed 4.189 571 3,618 752 3,298 2,546 £ugar beets 87,465 112,987 25,522 397 • •4^33 4,441 products of agriculture, N , O, S. 90,041 94,815 4,774
U :0C1 115,522 100,471 TOTAT. 2,148,425 2,470,212 321,787
v. o. *.—Not otherwise specified
TRAFFIC STATISTICS {continued)
DESCRIPTION' OF R E V E N U E F R E I G H T M O V E D I N 1929 ( a a l i n ^ j
.NUMBEn or C A R U U D 3 coiotoniTV OK TOXS iv.ooo | .I .I.-.UI
Decrease 192* 1929 A N I M A L S A N D P R O D U C T S 1&29 192S Increase Decrease
121 329 453 Horsea, mules, ponies and asses 5,336 3,056 ! .G7S 329 0,730 6,501 Cattle and calves, single-deck 7«,5SS 78,72* 2,140
35 105 200 Calves. double-deck 2.594 2,020 574 23 1,106 l.OsO Sheep and goats, single-deck 9,191 9,484 203
553 1,226 1,784 Sheep and goats, double-deck 17>V1 12,660 5.231 408 3,732 3,327 Hogs, single-deck 34,420 36.712 2,292
1,174 0,816 5,672 Hogs, double-deck 70.G95 35,811 IS.Llfl 921 20,362 19,441 Fresh mpars, N . O. .&. 240,139 249 283 0 144
171 4,037 4,208 MeaLt, cured, dried or smoked 1(2,935 61,107 1,828 42 277 319 Butterinc and margarine 3.812 2,907 905
1,839 4,831 3,042 Packmg-bousc products, edible, If, 0. not 1,839 including canned mcaU 6S.1S5 £2,733 24.548
2ft 315 290 Poultry, live 3.140 3,311 171 1,369 1,141 Poultry, dressed 13.232 16,344 3,062
727 4,091 3,961 Eg£8 45,363 53,741 8,378 276 3,036 4,261 Butter 52.077 48,460 3,617
67 545 478 Cheese 5.676 6,477 001 63 1,006 943 Wool 14.003 15,435 1,452 81 1,003 972 Hides, green 21.321 21,646 325 49 2S0 235 leather 4,155 4.616 W l
37 129 106 Fish or sea-aiuiuul nil 4.154 3,071 1.0S3 4 40 42 Animals, live, N . O. &. 572 613 41
14 1,476 1,402 Animal products, sc. o. s. (other than fertiliaerd and fertiliser materials) 28.284 27,112 1.172
4,008 61,589 59.9M T O T A L 773,713 825,979 52,206
P K O D U C T S OF M I N E S
3,123 20,056 23f770 Anthraeite coal 1.011,351 SS7.725 123,026 11,371 137,494 148.865 Bituminous coal 7.933.023 7.349,481 5S3.542 2,843 22,223 25,000 797,438 70S 965 68,473
L3 61 18 Iron ore L,709 2,155 446 21 29 H Copper ore and concentrates 336 5S7 251 & 10 6 Lead ore and concentrates 223 ttl 174
1 a a Zinc ore and concentrates so 55 25 •;,) 1,519 2,073 Ores and concentrates, N . O. a. 94.913 68,743 20,170
517 48,138 47,021 Gravel and sand (other than glass or moulding) 2,661,146 2,627,682 33,464 7,773, 19,369 11.590 Stone, brokrn. ground or crushed
Stoue, rough) K. o, S. 654,383 1,099,241 444,860 7,773,
25 1,878 1.903 Stone, brokrn. ground or crushed Stoue, rough) K. o, S. 81,333 80,110 1,223
1,551 3,146 U595 Stone, finished, K. O. a. 59,167 115,167 56,010 429 747 318 Petroleum, crude 9.213 23,034 13.S21 328 2.311 2.013 Asphalt (natural, by-product or petroleum) 70.769 82.267 11.493 195 3,565 3,070 Salt 03,603 102.691 9,0*3 62 232 17(1 Phosphate rock, crude (ground or not grouodj 6,619 9.191 2,572
1 345 346 Sulphur (brimstone) 14,274 13,607 667 5,014 22,243 27,257 Products of mines, x. o. a. 1,373,258 1,089,673 2S3.695
11,738 283,998 295,730 T O T A L 14,867,830 14,260,771 607,065
X- O- * —-Not 0lhe*"i«» »pCPfi«l
Annual Report
TRAFFIC STATISTICS {continued)
D E S C R I P T I O N O F R E V E N U E F R E I G H T M O V E D I N 1929 (amlinivii)
NUMBER o r CAHM>A1>3 O O M M O D l i r NUMBUn OF TON'S 13.000 |>OUbdfl>
Dpcre Lse Increase 1928 1929 P R O D U C T S O F F O R E S T S 1920 192S Increase Deere***
8,M2 7 , 0 7 5 3 , 1 7 3 Logs 9 0 , 5 8 3 194,023 103,440 1,217 3,681 4.79S Posts, poles and piling 129,122 9 4 , 5 4 3 34 ,574
507 1.375 m Wood (fuel] 24.S63 42,914
34 ,574
18.051 315 1.047 7 3 2 T I P S , railroad 19,992 29.0oft 9 , 0 7 4
1,730 3.475 1,739 Pulp wood i 5 4 . 7 5 1 101 .979 4 7 . 2 2 6 1,312 46.427 45,115 Lumber, shingles and lath 1.207.129 1 ,242 .355 35 .256
120 1,732 1,861 Box, crate and cooperage materials 3 8 . 9 7 1 3 5 , 7 0 4 3 .177 J S 5 253 Veneer end built-up wood 5,528 3 .S32 1,696
23 272 295 Rosin 7 ,534 7 , 2 7 7 3 0 7 1 117 118 Turpentine 2 , 9 4 4 2 , 9 2 7 17 7 719 7 2 6 Crude rubber (not reclaimed) 1 9 , 5 1 8 19,464 5 4
2.663 2 . 0 1 1 Product! of forests, N. O- SL 6 9 , 5 1 7 5 6 , 5 2 7 2 , 9 9 0
5 ,789 6S,67S 62,SS9 T O T A L 1 ,660 ,502 1 ,830 ,736 170,234
M A N U F A C T U R E S A N D M I S C E L L A N E O U S
1.(136 31.866 35,902 Petroleum oils, refinpil, uml a l l oLher gasolines 1,040,633 1.001,585 39,048 1.00-1 4.021 5 625 Fuel, rond and pHtrolcum residual oils, N". <"J. b. 169,693 141.S35 27.S5S
405 3.287 3,752 Lubricating oils and greases SI . 099 70,628 30,471 30 !71 201 Petroleum products, .v o. s. 4.301 3,661 440
86 202 116 Cottonseed oil 2,832 5,380 2,648 50 372 127 L i weed Oil 11,570 9,846 1,724
L73 355 52$ Vegetable oils, N . O. S. • 14,822 9,415 5,407 587 3,292 4,705 Sugar (beet or cane") 130.633 146,395 15,762
15G aS9 S45 Table syrups and edible molasses 27.460 21.810 5,644 123 162 2S5 Molasses, blackstrap and beet residual 11.824 7,354 4,470
1.344 8S4
6,468 1,145
5,124 2,032
Iron, p.-; , Iron and steel, rated bth class in official classincBtiun,
s . o . *.
263,722
99,726
317.7S6
51,032 3B,u94
54,063
-'I 571 553 Rails, fastening^, frogs and switche* 15,727 17,532 1,805 2<i7 1.799 1,532 Cast-iron pipe and fittings 40,396 47,832 7,436 325 3.027 2,702 Iron and steel pipe and fittings, x. o. s. 72,664 80,237 7.673
270 1,132 [,40S Iron and steel: nails and wire, not woven 34,523 25,818 8,705 Uftft Aft. 507 50.G7G Iron and steel, ruled &th class in official classification,
.v. o. a. (also tin and terne plate) 1,877,908 1,617,342 60,566 B8 023 715 Copper: ingot, matte and pig 30.045 21,866 8,179 97 71-1 841 Copper, brass and bronze: bar, sheet and pipe 20.389 15,368 5.021
JOQ (394 494 Lead and sine: ingot, pie or bar 20,067 25,595 5.528 87 582 495 Aluminum: irifmt, pig or slab 15,961 19,992 4,031
171 ID 481 10,310 Machinery and boilers 17C561 175,547 1,014 421 12.562 12,141 Cement, natural or Portland, building 462,362 471,500 9.22S 393 4,922 4,529 Brick, common 166.313 181,723 15,410 192 1.622 4,130 Brick, x. O. S - , and building tile 151.292 166,253 14,901 &c 711 621 Artificinl stone, tt. O. fl. LO.rtSi 34,183 4.79S
211 2,216 2,005 Lime, rutnraon (quick OT slack* 10,239 51,468 5,229 192 3,902 3.410 Plaster (stucco or wall) and dry kaisomine 06,568 113,566 18,008
323 3,362 3.6S5 Sewer pipe and drain tile (not metal) 60,669 61,339 5.350
163,093 165,789 Cwrierl forirard 5,400,594 5,104.483
n. o. S. — Not 6thi'jwinp ipe:;atd
The Michigan Central Railroad Company
TRAFFIC STATISTICS (concluded)
D E S C R I P T I O N O F R E V E N U E F R E I G H T M O V E D I N 1920 (concluded)
N U M B E R OP CASLOASS COMMODITY JfWBBfl OF T O N *
Increa&o 1926 1929 M A N U F A C T U R E S A N D M I S C E L L A N E O U S (wncludcd) 1929 1928 Increase Decrease
168,093 168,789 firouQkt forward 5,1.60,594 5,104,483 025 3,701 4,626 Agricultural implements and parts, u. o. s. f8,UM 30.932 17,263 263 665 928 Vehicles, horse-drawn, and parts, «. o. s. 15,772 11.593 4.179 72 734 806 Tractors and parts 13,230 10.715 2.515
165 247 412 Railway car wheela, utlos and trucks 13,697 8,034 5.663 2,793 161,944 159,151 Automobiles (poaaenger) 939,580 969.525 29,915
404 7,462
4,503 46,323
4,099 53,785
Autotrucks Automobile* and autotrucks, knocked down,
33,960 36,967 3.007
and parts, N O e. 829.228 712,414 116,614 746 7.100 6,354 Automobik: and autotruck tires $0,631 S6.54S
116,614 7,917
M 752 817 Furniture, metal 10.273 9.280 993 500 5.198 5.698 Furniture, other than metal 45,390 3fl,fl30 5,460
99 1,256 1,164 Beverages 20.998 24,233 3,635 157 1,403 1,565 lee 52.452 49,299 3,153
639 5 648 5,009 Fertilisers, N . O . a. 138,622 144,210 5,6SS 9,287 10,171 12,468 Newsprint paper 315,916 253,098 62,848
5,6SS
46ft 6,311 6,769 Printing paper, N . O . a. 113,932 137,708 6,224 33 569 602 Alcohol, denatured or wood 13.171 12.000 1,171
00 404 335 Hulphuric acid 14.6*6 16,581 1,936 30 146 110 Explosive*, N . 0. s. 2,200 2,705 605
17 534 551 Cotton cloth and cotton fabrics. o. s. 6.207 5.053 1,144 305 1,069 764 Bagging and bage, burlapj gunny or jute 13.&53 19 53&
1,144 5.535
578 7,603 8,179 Canned food product*. N- 0- 159,405 173,769 15.636 136 505 459 Tobacco, manufactured products 7,083 S.6S9 1,606
23 1,496 1,519 Paints in oil and varnishes 20,697 32,000 2,103 391 716 325 Furnace slag 17.095 37,052 19.057
1,501 10,635 12,136 Scrap iron and scrap steel 505.723 450.597 55.126 147 3,571 3,718 Paper bags and trapping paper S1.S74 7S.293 tfM
1,465 5,941 7.406 Paperboard, pulpboard and wallboard (paper; 157.501 133.092 24,4011 420 2,283 2,703 Building paper and prepared roofing material* 01.727 50.S66 10,861 231 635 SGG Building woodwork (millwork) 14.455 10,431 1,021 143 2,607 2,650 Soap and washing compounds 55,35.0 52,937 2 , i l 3
67 •253 171 Glass, flat oilier than plnte 1,313 !:.'-0" 2,596 524 l.fiSl 2,204 Glass: bottles, jars, and jelly glasses 11.217 30.479 10,766
2,596
10,910 139,184 150,133 Manufactures and miscellaneous, O . S. 3.396,414 3,001,025 297,389
23.336 603.SS1 627,267 T O T A L 12.4QXUS0 ll.7S3.04S 623,332
9,676 1,136,668 1,146,944 (- iu\r> T O T \ L , C A R L O A D TRATTIC 3LS56.S56 31,170.746 636,110 — A l l L . C. L . freight 935,4$J 930,151 5,336
G R A X D T O T A L , C A H L O A D A K D L . c. L . T B A P F I O 32,792,343 3-?,I0G,t>9/ 691,446
N a ».—Not otherwise ipreift*H
JACKSON LANSING & SAGINAW RAILROAD LAND GRANT FUND or
THE MICHIGAN CENTRAL RAILROAD COMPANY
D E T R O I T , M I C H I G A N , January 10, 1930
P A T R I C K E . C R O W L E Y , President
The Michigan Central Railroad Company
N E W Y O R K
B E A K Srn :
T respectfully submit herewith annual statement of the business of the Land Department of this company for the year ended December 31, 1929:
L A N D A N D S A L E S A C C O U N T
Arm Amount Unsold January 1, 1929, according to Lands sold during the year None
patents 5,335'65 Sold during the year None . ,
e lo ta l amount due on contracts at close Unsold at close of the year 3,335-65 of year S646.60
The sales for the last five years-were as follows:
1825 1926 1927 1028 1929
Acres sold 598 64 2,143-96 l t l76-58 118 80 None Land sales SI, 197.28 S970.00 81,555.00 S30.00 None Average per acre S2.00 80.45 SI.32 S0.25
C A S H A C C O U N T
R E C E I P T S
Cash on hand January 1, 1929 From interest
82,582 64 63 37
82,646 01
D I S B U R S E M E N T S
Cash on hand December 31, 1929 32,046 01
S2,646 01
W I L L I A M H U T C H I N S O N ,
Commissioner.
L A N D G R A N T F U N D
M E S S R S . B R O W N E R , R O D S O K A N D B L A I R , Trustees
Balance on hand at end of 1928, as shown by report for that year Interest on deposits
Cash on hand December 31, 1929
S404 49 13 21
$417 70
