The daily morning journal and courier., 1904-01-25
LOCAL FINANCIAL NOTES
THE GAS COMPANIES COMING
 NEW ISSUE OF BONDS.

Uncertainty as to Estimates of Value of
 RIshis-RanEs from ss to ss-The
 Water compAny's Coming Increase
 swift & Co. Rights-Dividsnds Due.
 New York, New Haven and Hartford railroad was in considerable demand on Friday from Boston investors. who took all the small lots offered from 1854 to 1s6.
 Southern New England Telephone Co. rights have sold from 3sz to 47s. There are no large amounts offering and stockholders are generally taking their proportion. The stock is an attractive one with the rights at these prices.
 The New Haven Gas company is about to issue $1.0OO,00O convertible 4 per cent. bonds to stockholders of rec ord January 19. This will give to the holders of each eight shares of stock the right to subscribe for a $1O0 bond. The terms of payment are quite easy, and will be 9 per cent. April 1, 25 per cent. July 1. 25 per cent. November 1, and 25 per cent. Auril 1, 1905. At the latter date the coupon bonds will be ready for delivery. Bonds may be converted into stock at the option of the company on or before Auril 1. 1915. The right to subscribe to these bonds expires March 15. There is considerable speculation as to the value of these rights. The uncer- tainty as to the time of conversion makes their value quite problematical and we hear of no transactions as yet, the estimates are anywhere from $S to $S.
 The annual meeting Of the New Ha- ven Water company is called for Feb ruarv 1 when the stockholders will be asked to authorize an increase of capi- tai. It is not expected that this in- crease will be announced this spring, and the rate and amount is not yet de- cided upon.
 Swift & Co. rights have sold from 6 cents to 12 cents, and were freely offer ed on Saturday a. 10c. At the latter price the stock would cost the purchaser 100A and commission. This would seem to be at attractive price.
 ACApOtto lOlli pOVO,VUU PUSIOll anu N6W York Air Line railroad per cent. bonds are due February 1 and will be paid at the office of the company in this city or at the Lincoln National Bank of New York city.
 Dividends soon due are:
 Amalgamated Copper, F, payable February 29; books close January 2S
 American Graphophone ps, 1%, Feb- ruary 15; January S1.
 American Car and Foundry. F, Feb ruary i; January ii.
 American District Telephone, January 2S: January is.
 American Tobacco, 3. February 1; January 15.
 American Tobacco pf, 2, February I; January 15.
 Atchison. Topeka and Santa Fe. 21s, February 1; December S1.
 Bald Eagle Valley, 5, February 1; January 12.
 Cambria Steel, IF, February 1; Janu- ary 30.
 Canadian Southern. 11s, February 2; December 31.
 Central Railroad os New Jersey, 2, February 1, January 20.
 Colorado and Hooking Coal, fl, Febru- ary 15
 Consolidated Gas, N. Y, pf.. 3, Febru- ary 1; January 29.
 Edison Electric Illuminating, Boston, February i; January IS.
 Erie R. R., 1st pf., 2. February 29; January 30
 Great Northern pf, 1%, February i; January 21.
 H. B. Claflin, 1st pf, 1A, February l: January 23.
 Homestead Mine, 25 cents. January 25; January IS.
 Illinois Central, 8. March i: Febru- ary 1.
 Lake Shore, 4. January %; December |31.
 Louisville and Nashville. 21s, Febru- ary 10; January 25. National Steel and Wire pf, 1%, Feb- ruarv 3; January 1a. Northern Pacific. 11s, February l.; January 21. Norfolk and Western pf., ?, February I19; Gebruary 5. Pacific Coast. 1A, February i; Janu- ary 15. Phoenix Fire. N Y, B. demand. Pullman Co.,, 2, February 15; January 30. Rock Island pf, 1, February 1: Jan- ua1y 15. Rogers Locomotive pf., 11z, February | i: January 21. Somerset Coal. 2, February 1; Janu- ary 2S. Tennessee c. I. and R. pf., 2, Febru- | ary 1; January 25. Torrington Co.,, 4 February 1: Janu- ary IS. | U. $. Steel pf., 1A, February IS; Jan uary 19. | United Fruit, 11a, January s1; Decem- Der h. West Tel. and Tel pf, $2, February 1: | January 22. U. s. Bobbin and Shuttle, 11s, Febru- ary 1; January 20. U. s. Bobbin and Shuttle pf., 1A, Feb- ruary l; January 20. TRIAL OF HAMLET TO-DAY.