The times. [volume] (Richmond, Va.) 1890-1903, 1892-02-17
EFFECT0FTHENEWPL
OF THE rERAryAL ORGANIZATION
Can,es Buyine of the Bonds and Preferred,
and Selling Of the Common stock
A New Acquisition.
NV York BUREAU RICHMOND TfNEs'
IaL fF 1909

REQ. 10, lof2.
In Wall street today tho points published
from the Richmond Terminal reorganiz""oN
plan caused buying o. tho bonds ana pre-
ferred. and selling Of the common stock. OHe
of tho brokers identified with the reorga"'"'
ton said to-day that in the scheme the CON-
solidated SIS have been valued at So the pre-
ferred stock at 90 and the consolidated o : :" -
par. and that holders OF these securities VIZ
receive securities of the new company '""'
are estimated to yield about those hgutos'
The first MORTGAGE 6s. now quoted ~ ''1s'
will be releemed in cash at par, Win interest
20 date Of redemption.
rHE SEw SECURITIES.
The outstanding preferred holaeIs wiz re-
ceive for each 100 shares OF theN s'oG" HcW
securities as follows 100 per CEN. ~ ne"
first mortgage ! per cent. OoNus' ~ y Oo-t.
in new 4 Der cent. income bonds llhcse are
secopd mortgage bonds ~ ehect) ana what
.,u no equivalent 10 3 per cent. cdsh IN ms
~oI1ano,Ys stocks The holders OF collateral
trpst IS will receive for each ten DOnds
now securities as follows: 81 per cent. In new
first mortgage As. 20 per cent. IN ne" income
as. 20 per cent. IN rev preferred STOCK ana
20 per cent. IN new common stock.
WHAT TIE OTHERS Will RECEIVE.
Tba nresent common stockholders will re-
,e;vs for each 100 shares as follows 100 per
cent in new common stock. 20 per cent. in
new preferred stock and equivalent to per
cent cash in minor stocks now IN the treas
uries-same as the preferred stock gets IN this
respect.
NEW ACQUISITION.
Tint Norfolk and Western is said to have
secured an entrance TO Cincinnati by an ar
rangement with the Cincinnati. Portsmouth
and Virginia railroad. A gap Of about TWEEN
ty-hve miles has yet 10 be built upon the
Norfolk and Western main line. The CON-
pletion OF the Roanoke Southern from
Roanoke, Va, 10 Winston. y. c.. gives the
Norfolk and Western another important
auxiliary. and through traffic with contracts
with the Cape Fear and ladkin Valley rail-
road will give the latter a coal carriage bust
ness that 1t has not hitherto received.
TYPHUs lever INCREASE.
The typhus record continues to grow in this
city and probably will do so for several days
longer, but the health officers are confident
that they have the plague under control.
unless new sources of contagiOn slip through
quarantine unobserved. which, in view of the
vigilance there. is a very remote possibility.
Health Officer jenkins and his assistants are
maintaining the heroic methods inaugurated
several days ago. and q stricter investigation
has never been made than that now IN vogue.
NEW YORK NOTES.
The decreased earnings of the East Ten
nessee. Virginia and Georgia for the first
weeb in February are - 1850, and Memphis
and Charleston 81 1920.
The Southern Society held a very pleasant
and well attended quarterly reunion to-
night.
Among the guests at the dinner OF the New
York Lumber Trade at Delmonico's tonight
were Il. S. COIN and i. b. Freeman. Of Nor
folk. Mr.. Freeman answered to the toast to
the Norfolk trade.
The lumber-laden schooner Nettie Cham
pion, from Norfolk. Va. TODAY lost some of
her sails and 20, 600 feet of lumber during "a
northwest gale of Cape Henlopen.
John Hurst. secretary of legation from
Hayti TO Washington, was a passenger on the
steamer Orange Nassau, which arrived to-
day. lie reports all perfectly tranquil at
Port-au Prince.