Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-01-22

sAalaoAn INTELLIGENCE.

n. Northern Pacific has suspended
- on its Ashland. Wis, extension,
sstil next spring. Track 10 now laid
s,om 6npsrior 70 the Brole river, dis
sees q "a miles. Forty miles OF road
s.main 70 be irOned, the grade being
- oas-half completed.
~ stockholders Of the New York,
~ Shore and Buffalo Railway Com
. ~ slsossd today the following direct
~ Horace Porter, George n. Pull
man, n. Victor Nswcomb. John J. Nc
0nof. Charles r. WOsriaho6srs Frederick
Billings, John W: Ellis, Theodore Hous-
-, Henry K. MoHarR, Elmer l.. Cor
1hejl. New York; John B. Kerr. New
bp1e, N. Y; Peter b. McLsnnan, Syra-
80. N. Y; and Edward ID. AdaIns,
Nev York. The last f0ur named take
the plsces OF Henry Willard, Charles
LAnier, b. T. Wilson, and Charles
Paine.
AmopR new securities placed upon
H. New York Stock Exchange is the
Oregon and Transo0ntinsntal Com
nany's additional issue Of 6rst mort
aass collateral trust bonds, $1,000, COO,
numbering from 6O01 70 5000 inclusive.
They are issued against an equal
amount Of Northern Pacific branch line
bonds, which have been issued upon
100 miles Of new road, and deposited
With the Farmers Loan aud Trust
Company.
The Northern Paoiec land sales for
~ six months ending DecsInber 3lst
vsrs 28l, 1873 acres fer 81, ,273, 3,964, or
79,Se9 acres and $l37 ,739 lees than for
~ cosrsspondina period Of the previ-
oas year. Average price per acres "a -;
peevieus year, e3u. Due ON account Of
land salss, g. .42l.664. Amount OF pre-
ferred stock resolved and cancellsd since
Jsns 10 last, ts28, 8,579. leaving amount
outstanding &4O,925. .84.
The Canadian Poetic Company had
gross earnings for 1893, December
partly estimated, $5,420,9l3, Of which
$l,Z74. 900 was for transportation OF con-
struction material and supplies, leaving
actual revenue -, lag. .913, an increase of
81 ,697 ,O89 AZ compared with the rrevi-
eus year; net earnings for nine months
ending November 30, $8S9. 81 I; increase
In mileage for the year, 693 miles, Of
which 65S was main line.
The officers Of the Oregon and Trans
eoatinentai Company announce that
they have provided for the greater part
al ths company's Indebtedness for one
rear by loan for that period OF y, S,OO0,-
0O from syndicate composed Of those
most largely interested in the oenoern.
New York is to supply $3,6OO.OO0 OF the
amount, Boston $2,5OO.0O0 and Phila-
dslphia $2,OOO, 600. The securitv is to
eonsist Of u zoo shares Oregon Railway
and Navigation. 9l.b00 shares Northern
PaeiAc preferred, 81 ECO shares Northern
pasi6c common. the stocks TO be de-
ponited In trust with the Farmers Loan
and Trust Company. That company
VIII issue its certificates to eaoh member
Of the syndicate for the amount ad
vaaced BY each. The Oregon and Trans
Continental Company pays y per cent
intersst on the loan and commission
Il 5 per cent at tho expiration Of the
yeaS. This arrangement. IL In claiDea,
VIII provide for all Of the pressing needs
u ths company. The market value Of
The securities pledged u el7, 10000.
The Oregon Railway and Navigation
Company has authorized the execution
of new consolidated mortgage upon
y railroad property Bonds bearing
w - O~4ae 1oeUAG0ss un0 ~ AoAs AVs -
ysai1. are 10 be issued under it at the
tale Of $4,000 psr mile Of completed
load. The company has 569 miles Of
completed road and las niiles under
obstruction. a total o: ia miles, upon
which, at the rate mentioned, t14, 30
~ q tAe new bonds can be issued. Of
seie amount e6,OO0, 900 will be held to
Meise an equal amount of hrst mort
- nix pr csnt bonds, and $l,NO.O0O
nuke ~ an equal amount Of eight
pr esnt scrip, leaving 81. .060. .0OO for the
easkee. None Of the bonds have yet
~ Negotiated. The new .uileaQe
neasioned includes tho Columbia and
raleeo Railway. which the Oregon and
Naneoontinental Company has been
eooaraetink for the Northern Pacific,
- voioo has been transfe' red 70 the
:. and n. Company. Il 10 of6oially
eod eoAs the object Of this finanoier-
= teduoe Interest charges but IL
- aoadess Of the six per can't bonds
= s.oes VI the eight per cent scrip
e&!d pesfer not 10 surrender their &C.
= latil maturity, il u difaoult 10
~. - lAh 0bject ID 70 b aoosm-
The charges, however. can be
eoeed By sale Of . part Of the
~. md that some Of them will b
~ - . ooon - the market warrants
UDD - ~ Ar-kA