The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1909-02-20
LOCAL SECURITIES.


The following is the report OF local se-
~curities as furnished by Eisele & King.
brokers:
The demand for local securities increased
throughout the week, and the offerings
were SO limited as to cause a sharp al
vanced to IS, Jersey city. Hoboken and
Paterson As to IS. United Electric Com
pany As to 741a. Public Service certificates
were In active demand, selling at lSf2,
which is the highest rice at which they
have ever sold. on May l they pay 2
per cent; on November l they so on a
Az per cent. basis, advancing 1a or l per
cent. a year until 1912, when they reach
their full guarantee of 6 per cent. Even
at the present quotation and the present
rate of interest. they are an attrac-
tive proposition from an Investors view
point.
Consolidated Traction Company, stock
reached 10 during the week, the hlgnest
point (ex-dividend for a long time. Con-
s,dering that this is the underlying
proposition Of all the traction companies
in Essex county and a portion of Hnq-
son county, and that at the present price
it nets the investor SD per cent. and mas
nearly $780, 900, 900 of securities behind II,
it is one of the most attractive invest
ments that could be found.
Newark Consolidated Gas 5s sold at l9a'
Consolidated Traction Company, oS at ivo,
Company os at $50. New Brunswick Light,
Heat and Power Company Is closed at
~ bid. offered at So12 A large ol9ek OF
Gas lnQ ELECTRIC LON tldhS VI oCA So
County IS. 1854, sold at better than 50,
Hudson County Gas IS sold at los. New
ark Gas IS are 49, bid. Newark Passenger
8 ls bic; Gas and io3 ale ICY cid Io ofseregg al
1903. For the first time in many months
the convertible gold notes of the Public
Service C2rroration Ye bi{ Jraq beino m so Il
ut better than 100. The Public Service col
lateral notes sold at 1o014 Even at tins
price they are proving attraetlEg nh 70 1Ge
phia and New Jersey.
Newark Consolidated Gas stock made a.
new high record and sold at 96. The OFFER
ings are decidedly limited. even at THIS
figure. Essex and Hudson Gas stock is l25
hid. offered Mt 1917. South Jersey Gas,
Electric and Traction Company sold at LII,
County Gas is 116 bid, offered at III. Gas
and Electric Company Of Bergen county adj
vanced one point, selling nj So ana closing at
SO bid, offered at "a. New Brunswick Light.
Heat and Power Company is 60 bid. offered
at 81. Paterson md Passaic Gas advanced
from s112 to So bid, with no offerings under
There was considerable trading in Newark
Fire Insurance Company stock: selling as
high as 80, il closed 1T 22 bid. offered at
255: Firemen's Insurance Company closed Mt
go bid. offered at ESQ: Prudential insurance
Company. at so bid, offered at 600: Colonial
Life Insurance Company, at $50 bid, Offered
at 400; American Insurance Company, at $50
bid. offered at $50.
There was very little trading IN the hark
stocks. National Newark Ranking Com
many closed ut S25 bid. offered al 3s5: Ma.
iional State Rank, Pt 30 bid. offered ut 10;
Essex County National Eank. at S5 bid
offered at go: Fidelity Trust Con1pany. Mt
10 bid, offered at rs, Luton National Bank,
at $50 bid. offered ut 40; North Ward Ma
tional Bank, ct $50 bid, offered at $50. Mer-
chants National. at $50 hid, offered at 26o;
Manufacturers' National at 2S5 bid. offered
at 250; ~Irvington National Bank at lis bid.
Mt 125; Essex Co. Trust Company.
at 20 bid. offered at 325. Federal Trust
Company sold as high IS 2o. Union Co.
Trust Co. of Elizabeth, n. j., closed at 225
bid. offered at $50; Ironbound Trust Com
pany. Mt 165 bid: Savings Investment and
Company, of East orange. n. j., at
200 bid, offered at 225; Trust Company Of
New Jersey, at 400 bid, offered at AIS; Com
mercial Trust Company. of Jersey City, y.
at 1876 bid, offered at 200.
The bid and asked prices appended
are furnished through