New York & Harlem Rr 14% Guaranteed Common And Preferred Stocks

Line of road, New York to Chatham, N. Y., with branches, 136.51 miles. Capital stock, $10,000,000, of which $1,343,950 is preferred and $8,656,050 common stock; par, $50. In addition, this company owns the Fourth Ave. St. RR, with 9.71 miles of surface lines and branches. The steam portion of the road was leased to N. Y. C. & H. R. RR for 401 years from April 1, 1873, at rental of interest on bonds and 8% on both classes of stock. Under a supplementary agreement dated October 1, 1898, the rental is now interest on $12,000,000 3 1/2% first mortgage bonds, and 10% on both classes of stock. The street railway section was leased in July, 1896, for 999 years to Metropolitan St. Ry, at $350,000 per annum (equal to 3 1/2% on total stock) until July, 1901, and $400,000 per annum (equal to 4% on total stock) thereafter. This property is now operated by New York City Ry. Dividends, 14% per annum on both classes of stock, viz., 10% under lease of steam railroad property, January & July, and 4% under lease of street railway line, August & October, at Grand Central Station, N. Y. Listed on New York stock Exchange. Transfer office, Grand Central Station, New York.

New York, Lackawanna & Western Ry 5% Guaranteed Stock

Line of road, Binghamton to International Bridge, N. Y., with branches, 208.06 miles. Capital stock, $10,000,000; par, $100. Leased October 2, 1882, to Del., Lack. &

West. RR, in perpetuity, at rental of 5% on stock; lessee guaranteeing principal and interest of bonds. Dividends, quarterly, January, at 26 Exchange Place, N. Y. Listed on New York Stock Exchange. Transfer office, 26 Exchange Place, N. Y.

North Carolina Rr 7% Guaranteed Stock

Line of road, Goldsboro to Charlotte, N. C, and branch, 224.34 miles. Capital stock, $4,000,-000; par, $100. State of N. C. owns $3,000,000 stock. Leased for 99 years, from January 1, 1896, to Southern Ry, at rental of $266,000 per annum (equaling 6 1/2% on stock and taxes), until December 31, 1901, and $286,000 (equaling 7% on stock and taxes) thereafter. Dividends, February & August 10, at Burlington, N. C. Transfer agent, Sec. of company, Burlington, N. C.

Northern (N. H.) Rr 6% Guaranteed Stock

Line of road, Concord, N. H., to White River Junction, Vt., and branch, 82.91 miles. Capital stock, $3,068,400; par, $100. Leased to Bos. & Lowell RR for 99 years from January 1, 1890, lease being later assigned to Boston & Me. RR. Rental, interest on bonds of subsidiary cos., $5,000 per annum for organization expenses, and 6% per annum on stock. Dividends, quarterly, January 1, at 1023 Old South Building, Boston. Until July, 1897, 1% extra was regularly paid from contingent fund; in 1894, 5%; in 1896, 2%; in 1897, 5%, and in July, 1904, 1/2%. Listed on Boston Stock Exchange.

Northern Rr Of N. J. 4% Guaranteed Stock

Line of road, Bergen Junction, N. J., to Sparkill, N. Y., 21.54 miles. Capital stock, $1,000,:000; par, $100. Leased from June 1, 1899, to Erie RR, for the period of its charter and any renewals thereof. Rental, interest on bonds, taxes and expenses, and 4% on stock. Dividends, quarterly, March, at 11 Broadway, N. Y. Transfer office, 11 Broadway, New York.

North Penna. Rr 8% Guaranteed Stock

Line of road, Phila. to Bethlehem, Pa., and branches, 86.21 miles. Capital stock: Authorized, $6,000,000; outstanding, $5,382,150; par, $50. Leased to Phila. & Read. RR for 990 years, from May 1, 1879, and lease assumed by Phila. & Read. Ry in 1896. Rental, 8% per annum on capital stock, interest on bonds, and $12,000 organization expenses. Dividends, quarterly, February 25, at 240 South Third St., Phila. Listed on Phila. Stock Exchange. Transfer office, Philadelphia, Pa.

Northwestern Telegraph Co 6% Guaranteed Stock

Capital stock, $2,500,000; par, $50. Leased until May 7, 1980, to West. Union Tel. Co. Dividends, January & July, in N. Y. Listed on New York Stock Exchange. Transfer office, 195 Broadway, N. Y.

Norwich & Worcester Rr 8% Guaranteed Preferred Stock

Line of road, Groton, Conn., to Worcester, Mass., with branch, 71.60 miles.' Preferred stock, $3,000,000; par, $100. Leased from February 1, 1869, for 99 years, to New England RR; lease assumed by N. Y., N. Haven & Hartford RR July 1, 1898. Rental, 8% per annum on stock and interest on bonds. Dividends, quarterly, January 1, at Mechanics' Nat. Bank, Worcester, Mass. Listed on Boston Stock Exchange. Transfer office, Second Nat. Bank, Boston, Mass.

Old Colony Rr 7% Guaranteed Stock

Line of road, Boston, Mass., to Newport, R. I., with branches, 518.3 miles. Capital stock, authorized, $20,000,000; outstanding, $18,371,400; par, $100. Leased to N. Y., N. Haven & Hartford RR for 99 years, from March 1, 1893, at rental of 7% per annum on stock, lessee assuming all liabilities. Dividends, quarterly, January, at company's office, South Term. Station, Boston. As of July 1, 1906, the New Haven owned $2,244,900 of this stock. Listed on Boston Stock Exchange. Transfer agent, G. B. Phippen, Treas., Boston.