The daily morning journal and courier., 1895-10-14
THE CONSOLIDATED ROAD
THE CERTIFICATES OF THE NEW
 STOCK OF THE COMPANY.

! btbtnlNAtH--An no LDlfeEtQEg
 Monthly Meeting-Depew Was There
 Where the Consolidated Road is to Max,
 aMillion Dollars EasiIy-That Free Rid,
 Seven Thousand dStootholders-The Fiv,
 Hour Train.
 certificates of the new stock of tho
 New York, New Haven and Hartford railroad are being delivered rather slow
 ly' We understand that these certla, cates are forwarded by the transfer agent in this city to the Farmers Loan x Trust company in New York, whc act as registrar for the stock, in lots of 800 or 1000. Each certificate re- quires, to be good delivery, four sigma lures each, the amount has to be writ ten in figures and letters, and also cut into the certificate by punch or stamp ing machine, and checked by the clerks or both corporations, all of which takes time, but it is for the safety of the in- Vestor that the greatest care should be taken. The stock which was in de- mand at the first of October to cover sales made against rights, advanced at that time to 1SS and fraction, This demand being largely covered the stock has slightly declined. The nominal quotation at present is 1S5-1S6. The de- bentures are quoted from 137-13S. They are offered at the close at 1S7K. Con- siderable portion of the new debentures are being registered. Nearly the whole amount of the first issue was put out as coupon bonds, but the presentation Of the coupin to secure the right to the new debenture has caused the holders and railroad clerks much more labor and risk, than if the issue of the bonds had been registered.
 Bankers here predict a much freer sale of the stock after the delivery is made. as the fall in the rights induced many persons to take up their stock in the hope of selling it later. The deben- lures, on the contrary appear to be much more generally taken as a perma- nent investment and are held firmly.
 The new loan of the reorganized New England taken by the New Haven company,is expected to be resoid at a price which, especially if the bonds are guaranteed, will net the latter company not less than S1,0OO,00O on the transac- ton.
 The order of the New Haven company Voidins stock certificates for a ride to | he annual meeting next Wednesday | was issued to avoid the sub division of | stock holdings down to one share mere y for the purpose of the annual ride | which has been so extensively practiced l ,n the Massachusetts roads. It is pos ible the subject will come up for discus ion at the meeting. Vice President Hall said Saturday: Our road has ,rown to q line of 1,600 miles, and is so arge that it was necessary to cut off the Id custom of..getting a free ride to he stockholders meeting. We have 500 miles of road and 1000 stockholders, nd of course we could not go into the rec transportation business on that ne. Why, our extra cars would hard- y be sufficient to transport all who rould come. The stockholders can find , 0 fault with the rule, for it is only usiness to make such a ruling" { The official denials of the purchase f the Meriden trolley system have been ) qualified that, slight doubt is enter lined here that the New Haven com any will soon take that property.
 President Clark presided at the Ionthly meeting of the directors of the consolidated road Saturday, All of the rectors We're present except MT Mor- J In, who is on trip in the west Chaun- ( y M. Depew was very warmly greeMd l e is so busy man that he attends the z eetings infrequently.
 President Clark made a brief state \ ent concerning the acquiring of stock f Id bonds of the New England railroad. | \ he directors seemed pleased that the Il ltire transaction had been closed up. @
 MAKING RAPID PROGRESS. q Cromwell, Oct 13-The gang of 15O o borers who are at work near Laonard's S 'idge for the Consolidated railroad is n aking wonderful progress in the im- i, 'ovements of the Air Line division. b is expected that by the end of the e onth the entire division will be in lC adiness for the new fast trains. Il THE ROADS NEW TIME TABLE. 8 Owing to certain complications the a eW York, New Haven and Hartford | T 'iroad company has changed it's plans sC tn reference to the inauguration of | O Q new time table It had been intend- w to put the new table into effect to- | of y or to-morroW, but the confusion in- | al Ient upon the taking off of various gl inner trains and the starting of new pc tins has rendered it necessary to hi stpone the publication of the new te le table for one week. On Sunday, Tn tober 20, the new schedule will go into al ect. On Saturday night the Lenox sn in over the Berkshire division will w discontinued. al
 by
 THE FIVE HOUR TRAIN. Ia 'he five hour Boston and New York al in over the New EngIand-Air Line ul nbination will make it's first trip " nday, October 21 A new local train ln l run from Middletown to Putnam 50
 the Air Line and New England. rf