New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-04
financial.
financial.
ISSUE OF
Sixty Thousand Shares
OF THE
United Traction Company
OF PITTSBURGH, PA.
Five Per Cent.
Cumulative Preferred Stock,
BEING TOTAL. AMOUNT OF SAID sloCA''
PAR VALUE. $50 PER sHAHE.
nrvTDFNDs PAYABLE JANUARY AND JULY
DIVIDENDS PAYABLE IA.

., o-.,u, ,nve,,,sation we purchased FOR ourselves
and others. the above sixty thousand shares OF
stock and offer the for sale at S'o"o per s
January Dividend payable Wednesday the l-'n "AS
January. 1895 ut which prfc" tn" STOCK ~
Weld n net Income of IL per cent.
Referring the prospectus containing ,ne 49,
President James u. Gallery; the legal Opinions -
q Johr,on Esq Of PHILADELPHIA and George I. WIZ"
ESQ Of Pittsburgh certificate ~ Col Jonn ~ i''r
kns r,nert Accountant Of Baltimore; II WI" o- So
that the United Traction Company Ga rrac'ieai
ton Of three existing traction companhs' o'ka"
1uIv 1907 with a franchise for 900 years, owns anu
operates under leases for $50 llIla mlie' -
trolley road in the cities OF Pittsburgh and Allegheny ~
connecting those cities with McKeesport ho"'e''"l .
Bracdock. Wilmerdng Turtle Creek and o'her mp
manufacturing towns and that the lines OF roau "o
owned and controlled by the United Iracuon Nou''
o,r,a, ,r DIV. months ending November 80 lo"' W
ing seven months OF which period the roads VIZ ~ v
under separate manasements,. more thah enous" - So,
70 nav the n,eres. on all obligations then outstanons ~"
also 10 have paid full dividends on the r'e. go 49,,
,hs, for the Nv. months ending November 80 i''' Wv
which period only the United Traction COMPANY '
operating the constituent propert'rs' ..,o,., 4,
Gross receipts ......-...-.-..--..
Operating expenses. including taxes aho " oo- s.a q,
.ssii si2 80
Net earnings o.. a.. ,,onths .... 2os O4i 81
.sios go s,
Surplus ACKNOWLEDGEMENTS
g., months, dividend on 100000 Preferred
stock OBSERVATION-DISCLOSURES. ~
Surplus earned In nvs months over run o' ~, o-o @.
dend, Oh Preferred stock for six months s|'-'V "
A dividend 2n per cent. has been declared wv" Wv
Preferred stock payable January g. is9s
II 1. expressly provided In the terms ana cohul''on' "
preference under which this stock Is Issued 'hA
Preferred stock Of this Company Is entitled 10 l''
crnulatye dividends at the rate OF . per cent ''
annurn which shall at all times be pale. " earned '"
prcferenc. priority 10 the payment OF any o'''
on the Common stock and additionally to snare ea"
with the Common the surplus profits IN each anu
ev.-v year after stock ehall have received
dividends at IN. OF six per cent for such year
Apulicaton will be made 20 have this stock ls'eu o"
the philadelphia Baltimore. and Pittsburgh STOCK TX
changes. -
Copes OF prospectus counsels' opinon ETC. may
b. obtained AT the Offices Of the undersigned
subscriptions will he opened at our ohces on
the morning OF Wednesday. the hfth dny Oh
January. 1s0S. and closed at P NJ the following
day Alotments will be made promptly as possible
thereafter
The right If reserved close the suNsorpi'on carrier
than the above date reject applications or to aAot
smaller amount. than those applied FOR.
Alex. Brown 6 Sons,
Baltimore, Md.
NJ HO1@1oc &. CnnC