New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-03-01

stock have been at the rate of II per cent per
mum. compared with 10a per cent for the preceding
year The reserve fund has been increased to ST.
42S0oo
IN ITS NEW OFFICES-The Audit Company
of New-York has removed to its offices. con-
ssting OF the entire fifth floor of the Queen Build
ing Cedar and William SITS.
DIVIDENDS.-The Knickerbocker Trust Com
pany, the United States Mortgage and Trust Com
pany. Wtnslow. Lanier Co, n. w. Harris & Co.
FarsOn. Leach & Co. and the New-York Security
and Trust Company will pay dividends on num-
Der of securities. lists Of which will be found in
another column.
THIRD AVENUE COMPANY AFFAIRs.-A re-
ceiver of the property of the Third Avenue Rail-
road Company having been appointed, Frederic P.
O!cott, president Of the Central Trust Company.
chairman: Louis Fitzgerald, president of the Mer-
camille Trust Company, and T. Jefferson Coolidge,
Jr. president of the Old Colony Trust Company,
have been appointed committee to reorganize the
finances OF the company by harmonious united ac-
ton of the stockholders and holders OF the I'M
funded debt. They advise the holders OF the COM
pany'S and other unfunded obligations and
stockholders to deposit their evidence OF indebted
ness and certificates of stock with the Mercantile
Trust Company the Old Colony Trust Company.
and receive in exchange therefor negotiable certih:
Gates under agreement In OF preparation
which will enable depositors to withdraw their
claims and securities If the plan OF reorganization
when submitted, does not meet with their APP
prevail.
THE SECURITIES COMPANY.-A new nnanclal
institution has been organized. which is called The
Securities Company, and has assets aggresating
nearly 100000. It's president Is Charles M. Pres
ton, late superintendent Of Banks OF the State OF
New-York and among the directors George
Coppell. of Maitland Coppell & Co; John D. Den
his Of Blair & CO.; John w. Farquhar, OF the
Cuyler, Morgan & CO.. Charles NJ. Jesup, late vice.
8, Jones, of the Chase National Bank and senator
Of the IS at N As shd it
branch Offices at London. Kansas City, Atlanta,
Little Rock Vicksburg and Dallas. The Securities
Company does receive deposits but issues and
sells its 1 per cent consols which redeemable
at the pleasure of the company at lO5 and inter-
before the company had actually inaugurated It's
business The consos secured by specific coll
lateral placed in escrow with trust companies. and
by general lien on the free assets or the com
pany Its capital Is S20GooO0 and there Is already
"A handsome surplus. The company's general lines
of business will be to conserve and hquidate to the
able Securities Company. to organize and reorgan"
ize corporations. to form or Join underwriting syn
dicates> to hold property for investment, and to
In business enterprise of conServa-
tive character which has intrinsic merits. The
officers of the company are: Charles NJ Preston.
president: Charles NJ Jesup, vce-president: An
drew J. Miller, secretary and treasurer, and Edwin
q. Woodlng, assistant secretary and treasurer.
MIR SINMONS'S TRIP SOUTH. Edward Sim
mons. president OF the Fourth National Bank. LETT
the city yesterday morning for Palm Beach. Fla.
where he Will remain during this month
BROOKLYN WHARF AND WAREHOUSE.-At
the annual meeting yesterday OF the stockholders
OF the Brooklyn Wharf and Warehouse Company,
which recently went a receivers hands three
retiring directors-Thomas A Mcintyre. George II.
Southland and William Covsrly-were reelected.
Warren b. Nash. treasurer of the company. was
President turdon b. Horton. who recently ten
dered his resignation.