The daily morning journal and courier., 1904-03-07
LOCAL FINANCIAL NOTES.
Fair Haven Road stock and the De- bentures-Ga.sso Stock Right. in Increas- Ing pemand-o.h.r Notes.

Fair Haven Road stock and the Dee
 bentures-Gass Stock Right. in Increas-
 ing Demand-Other Notes.
 New York. New Haven & Hartford
 Railroad company stock sold from 192 to 19O last week, with sales of larger amounts than for some weeks.
 Southern New England Telephone
 company stock is in little more de- mand. Buyers two weeks ago of the
 rights now have profit of about $S per share on the stock
 New Haven Gas Light company
 rights are in rather more demand with
 a small supply. They sold at the close of the week at 3 1-2. They expire on
 March 18th and the first payment of 25 per cent. on the new bonds is due April 1st.
 Brooklyn Union Gas rights closed at $1s.5O
 Boston & New York Air Line rail-
 road preferred books close on the 10th inst. for the semi-annual dividend of 2
 per cent. payable April 1st.
 The special meeting of the stockhold- CTS of the Delaware & Hudson Railroad company is held to-day to authorize an increase of capital stock. The new stock to be authorized will amount to SIC, ,OOO, ,000, of which s7,000,000 will be of fered to stockholders at the present time at $135 per share; holders of five shares can subscribe to one new share.
 Circulars giving details will be sent out shortly after the meeting. The stock sold on Saturday at s155; the rights had
 a nominal quotation of s5.5O per share. The fourth installment of s20 per share on the new stock of the American T. T. Co. will be due March 22nd. Fair Haven & Westville Railroad company books closed on Saturday and will reopen on April 3rd. Under the terms of the conpany's circular the holder of ten shares of stock will re ceive in exchange a $500 1-2 per cent.
 debenture bond of the New York, New
 Haven & Hartford Railroad company having fifty years to run. A holder of twenty shares would receive a $1,000
 bond and other lots in the same propor- ton. For odd lots, interest bearing scrip will be issued, convertible into 1 bonds when presented at the office of the New York, New Haven & Hartford
 Railroad company in sums of $500 and
 s1, 900. Bonds will be either coupon or
 registered Holders of stock can de- posit same at the office of the Fair Ha- ven & Westville Railroad company be- fore March g and after that date at the office of the New York, New Ha- ven & Hartford Railroad company. The option to exchange this stock is good
 until June 18th, 1904. The income to holders of the bonds is just 40 per cent. more than the dividends which have
 been paid on the stock; that is the pres
 ent owner of forty shares of the stock of the par value of 1000 has been re- lceiving dividends of $50 per share, the 1 same amount of stock turned into bonds and held will pay s7O per year. New Haven Gas Light stock is in rather more demand from $44 to s46 per share and but little stock offering at these prices. The low quotations have brought in buying orders. A holder of
 gas stock remarked on Saturday that
 he never had expected to see the price
 of Fair Haven & Westville railroad
 stock, paying 5 per cent, cross that of 1 the New Haven Gas Light company, l paying 8 per cent The latter stock will l be in demand this week by the investor who has sold his Fair Haven railroad stock at current prices and wants lo- cal non-taxable investment.