The daily morning journal and courier., 1906-11-19
LOCAL FINANCIAL NOTES.
ITEMS FOR STOCKHOLDERS OF
 VARIOUS COMPANIES.

| New Haven Road Stock-Edlson EIec- tric Increase of StOck-The Rights on Southern New England Telephone Company-The Reported U. G. I. Lease of the c. R. tS l.. Company to
 the New Haven--Middlesex Banking
 Company Dividends.
 One hundred shares of New York New Haven and Hartford railroad sold in the New York market last week at l9o at the same time smaller lots were selling in Boston at 192 5-S and 192 S-4. This is an unusual difference between markets.
 Stockholders of the Edison Electric Illuminating company of Boston are to hold 8 special meeting on November 22 to vote upon a proposition to increase
 the number of shares by 24,20O. The present outstanding amount of capital IS ll4,881 shares. When this is all is- sued it will make capital of 139, ,OS1 shares, equivalent to $1390S, 900. It is presumed that portion of this new issue will be offered in January or Feb- ruary, and probably at not less than S2OO per share. The price of stock is- sues in Massachusetts is set by a state commission.
 The Michigan State Telephone com pany ha recently issued at par $1 200 900 three-year notes at the rate of 6 per cent.
 Southern New England Telephone company rights accrued on the 18th, but the views of buyers and sellers of the rights have been so wide apart that few contracts have been made The recent decline in the stock from 140 to 125 has made the thoretical value of the rights much less than was expected a week ago. These rights will afford an excel lent opportunity for outside investors to secure an interest in an established local corporation at a very reasonable figure
 New York Central rights sold from to 1-2. They expire November 30. Connecticut River railroad stock, which has been held nominalIy around $500 per share, has recently come out at auction at $2S5 for several lots. The tendency of investors during the higher rates for money has been to sell these very high-priced stocks and reinvest in other securities having better rate of interest, with the principal reasonably secure.
 It is now current report that the United Gas Improvement company, of Philadelphia, is considering an offer from the Consolidated Railway compa- ny for 999-year lease of the Connecti- cut Railway and Lighting company's system on the following terms:
 The lease shall be for 999 years The New Haven road shall guarantee the interests on the bonds of the Connecti- cut Railway and Lighting company, and shall. pay not less than per cent. dividends on the preferred stock of the Connecticut Railway and Lighting con- pany
 The New Haven road agrees to pay a dividend of 2 per cent. on the com- mon stock of the Connecticut Railway and Lighting company for a period of ten years, and dividend of per cent. MI LlAC NOAliilAull SlUth IllGTGdll6Es
 It is stated that these terms are now before the directors of the New York. New Haven and Hartford Railroad company, which is to the Consolidated / Railway company what the United Gas and Improvement company is to the Connecticut Railway and Lighting con- pany.
 All but two of the directors of the New Haven road have agreed to the terms.
 The Middlesex Banking company has recently paid semi-annual dividend of 2 per cent. on it's stock, and it is ex- pected that dividends will continue at this rate. It will be remembered that after some legal opposition from one or two stockholders its capital was recent ly reduced by one-half.
 Adams Express company has an- nounced its regular quarterly dividend of per cent. and an extra 2 per cent, both payable December 1.