New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-28
and the Kuhn-Loeb syndicate gave way to

and the Kuhn-Loeb syndicate gave way 20
others
When Mr.. Lauterbach asked about the
possibility of a receivership application being
made in Federal court in a State other than
New-York, where there large holders Of
the company's obligations. he answered that as
counsel TO the company he must refuse to dis
cuss the question.
Isaac A Hopper, through his attorney, Charles
W. Dayton. yesterday filed mechanics lien for
Sl,''32,S 800 SO against the property rights fran
chlses, etc, of the Third Avenue Railroad Com
pahy TOT the Improvement Of the companys real
estate ana roads and for materials and labor
furnished and to be furnished The period men
toned for supplies Is from July H. 1899 to Feb
houses Of the company
Through Mr.. Dayton also a lien for 500 242 OF
was filed against the rights, franchises and lease
of the Third Avenue by John p. Kane a sub
contractor. for Portland cement brick and
broken stone furnished 10 Naughton & Co.. the
contractors. by the John P. Kane Company. In
the case OF the Hopper lien, MI Dayton ex-
planned. 100000 of the 81 ,332 SO classed
as possible obligation Hopper has let his con-
tracts for iron to this amount and 10 save him
from possible compulsory liquidation Of this
amount it was included in the lien
The Hopper lien Mr.. Dayton added. was the
largest ever filed in this any other country, as
far he knew
There were also filed two mechanics liens, ag-
gre2ating S04S,2O0 l6, in favor of Henry C.
Evans, agent of the Lorain Steel Company of
Lorain, Ohio, against the Third Avenue Railroad
company, the FOrty-SeCOnd Street, Manhattan
Vile and st. Nicholas Avenue Railroad Com
pany and the Union Railway Company. The
liens are filed by attorneys for the claimants,
Stetson Jennings & Russell, of No. IL Broad
St. for tracks girders and appurtenanCes fur
nished the roads from January 16 to February
II, 1900
Haskins & Coffin. of No 30 Broadway, also
filed lien for $500 against the Third Avenue
road for installation Of a coal conveyor and ma
chinery In the power house In Northumberland
twenty-ninth-st, near Amsterdam-ave
ANOTHER BIG DROP OF THE STOCK
Third Avenue stock had wide opening yes
terday on the Stock Exchange, sales being made
half hour 1t touched 61&4 decline of nearly ten
sional feeble rallies 1t continued to sag through
out the day, closing at 51&4. three-quarters of 1
per cent above the lowest figure of the day and
1884 per cent under Mondays close. One year
ago yesterday Third Avenue closed at 242, the
high point of the year.
A fact regarded by the Street as significant
Is that Third Avenue was sold at the lowest
prices by brokers who are said TO represent
William c. Whitney and his friends This lends
color to the story that the shrinkage in the
value Of the Third Avenue shares is partly the
result OF a financial duel between William c.
whitney and James r. Keene. The decline OF
Baltimore and Ohio and certain other stocks
yesterday was also attributed to operations
aimed at Mr.. Keene
One OF the interesting stories heard in connec-
tion with the affairs Of the Third Avenue COM
pany came out yesterday. The Remsen estate,
according to this story is the holder OF about
ten thousand shares of Third Avenue stock.
which most of the heirs desired to have sold
year ago, when go could have been obtained
for 1t. One heir objected, the story goes the
stock was not sold. and a consequence 1t is
worth about $500 000 as against So 300. 900
Der of other estates and individuals are said to
have suffered in much the same way.