The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-02-08
nooA1 rsrEsrMENr NOTES.
A Few Words AboueNew Haven Securities
Others That New Haveners Invest in
Dividends-NewH Haven Banks.

Others That New Haveners Invest in
Dividends-New Haven Banks. =
The local investment demand during
the past week has been moderate one;
almost no municipal bonds are to be
found The stocks of the New Haven
Water company, Southern New Eng
land Telephone company and New Ha-
ven Gas Light company are in demand,
but almost none to be had except at
prices which are considerably above the
ideas Of the average investors. The
bonds of the New Haven and Center
vile Street Railway company and the
Waterbury Traction company are being
offered at prices which pay a little
shade less than per cent. Both of
these mortgages. are payable, principal
and interest, in gold, and made by COR
porations doing 9. prosperous business.
The second installment Of 80 per cent.
on the new stock of the Southern New
England Telephone company will be
payable next Wednesday,; this will
make total payment of 70 per cent,
the balance of 30 per cent. will be due
March 10, when new certificates will be
issued. Many Of the smaller holders
are already paying in full and receiving
certificates.
The Guaranty Trust. company of New
York and the Old Colony Trust com
pany of Boston are advertising to ex-
change Trust company receipts for the
old stock of the Atchison, Topeka and
Sante Fee railroad for the certificates Of
the new company. Each holder of 100
shares old stock will receive 100 shares
new common stock and 10 shares in
new preferred stock the latter repre-
senting the assessment of $40 per
share, which was paid under the plan
Of March Ia 1896. The company will
buy or sell fractions of the preferred
stock to even up the holders.
Copper mines appear to be doing a
prosperous business Calumet & Hecla
Mining company pay dividend of SIS
per share On February TO- This one
dividend calls for payment of 81 ,500,-
900, an amount three times the capital
of any one Of the leading New Haven
banks.
The Atlantic Copper Mining company
amounting to $4,000
Boston & Montana Mining company
will pay on February 20 a dividend of
So per share, amounting to $450,000.
Osceola Mining company paid on the
LIST inst. a. dividend of 81 per share,
calling for $4,000.
The Quincy Mining company will pay
on the 18th a dividend of per cent,
calling for 100000.
Chicago and Alton railroad pay a
quarterly dividend of 2 per cent on
common and preferred stock, March q,
At the same time, the Cleveland and
Pittsburg will pay the regular quar-
terly dividend of tx per cent, the lat
ter being guaranteed under lease by the
Pennsylvania railroad.
Chicago Gas Light company has de-
clared quarterly dividend of ~ per
cent, payable February rs, to holders
of Fidelity Loan and Trust company re-
oeipts The transfer books will close
February 10.
Diamond Match company has de-
clared the usual quarterly dividend Of
21a per cent, payable March u. The
transfer books close March s.
Erie Telephone company will pay on
the 18th quarterly dividend of 81 per
share.
The Illinois Central railroad has de-
clared a semi-annual dividend of 21s
per cent, payable March i to holders of
record of February g.
The ST. Paul Gas Light company will
pay on February 20 quarterly divi-
dend of 1 per cent
At auction in New York, 20 shares O.
Hanover Fire Insurance company solo