New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-26
INVESTMENT NOTES.

A syndicate comprising a nuYnisr OF the most
influential banking houses in New, York and Lon
don, formed In this. city on Monday, IN tne
course of few hours. to purchase from the under
writing syndicate OF the New-York. Lake Erie
and Western Railroad 49, 900 of the new hrst
consolidated prior lien per cent bonds OF that
company. Ii is understood that the greater part
of the bonds will be sold In Europe.
The s3.345.5S9 per cent gold bonds and stock or
the city Of Newly ork. payable In the years OF 1914
1920 and 1925. and issued for the requirements OF
the departments OF Public Parks Police and
Docks and Board Of Education. were awarded to
a syndicate comprising j. =. Morgan Co, Bake
Bros Il Co. and Harvey Fisk e. Sons at 100.3l7I.
The reorganization committee OF the NETWORK,
Lake Erie and Western Company. c. II. Coster
chairman. has called the second instament Of the
assessment the stocks for October 81 the third
for November q and the fourth for December %
Of 81 each per share preferred stock and 81 each
per share on common stock. All bonds and stock
are to be deposited under the reorganization plan
by October %. after that date deposits will be
received only on such terms as the committee may
hereafter determine. AS the foreclosure sale has
been fixed for November g. prompt action by bond
holders is essential.
Vermye g. Co. announce that the entire s.. Ooo
900 Lehigh and New-York first mortgage fifty
year per cent gold bonds offered by them for
subscription to-day were taken by 2.l5 p. m, the
books having been advertised TO close at o'clock.
The Chicago Rock Island and Pacific Railroad
Company has declared its regular quarterly dlvi-
dend OF u per cent payable November l. Trans
fer books close October ! and reopen October 20.
The Reorganization Committee OF the Erie sys-
sale OF the Erie property has been fixed for No
vember and that IL is essential for bondholders
coming under the reorganization. namely, holders
OF New-York Lake Erie and Western Railroad
Companys new second consolidated mortgage
bonds, second consolidated mortgage funded cou-
pom bonds, funded coupon bonds Of 1885, Income
bonds and Chicago and Erie Railroad COmpany's
income bonds, to deposit their securities on or be-
fore Friday, October Is, with j. y. Morgan Co,
Of New-York or J. s. Morgan & Co. Of London
Bonds not deposited on OF before that date will be
a nr1if L
hereafter determine. The holders OF reorganiza-
ton certificates or receipts under said plan OF re-
organization for preferred and common stock Of
the NewYork. Lake Erie and Western Railroad
Company are also informed that the second install
ment Is called 20 be made on or before October 81
and the third instalment on or before November
81 and the fourth instalment on or before Deem
Der 20. Certificates or receipts must be presented
ct time Of payment, so that same may be ndorsed
thereon.
N w. Harris Co.. OF this city. Chicago and
Boston. offer $500 900 per cent gold bonds Of
the Metropolitan Street Railway Company. OF
Kansas City Mo. The mortgage covers the
principal surface street railway business Of
Kansas City, which has been consolidated The
combined net earnings OF the surface street
railways in Kansas city, now owned by This
company. for the year ending June last
stated 10 have been $G37.2l9. leaving surplus
earnings for the fiscal year OF s27l 2ss. after de-
Quoting fixed charges including all interest.
Since that time the net earnings have steadily
Increased to such an extent that ~ maint. ined
ii would indicate net gain of nearly 80 per
cent, due In part 10 the consolidation. but also
largely TO the present prosperous condition OF
Kansas city.
VermIlye & Co. announce that the entire 81.
900 900 Lehigh and New-York first mortgage
ffty-year per cent gold bonds offered by them
for subscription to-day were taken before close
OF business.
The Continental Trust Company has declared
It's usual quarterly dividend OF TX per cent pay
able October 10
The time within which holders Of Green Bay.
Winona and St Paul Railroad income bonds
and preferred and common stocks can deposit
them with the Manhattan Trust COMPANY an
der the plan Of organization has been ex-
tended 10 October g. After Thar date no secur-
ties will be received except In the discretion Of
the committee. OF which John !. Waterbury Is
the chairman. and subject TO such penalties as
may be prescribed.
The following securities were sold at public
auction at the New-Y0rk Real Estate Sales
room 5y Adrian H. Muller Son:
III shares Nev-York Hemp and Flax Manu-
featuring ~. w
200 shar-s Tucker Cordage Co 81 per sh
seas Manhattan Railway Go - registered bond c"r-
81 Peoria and Eastern Railroad Co FIRST