Rensselaer & Saratoga Rr 8% Guaranteed Stock

Line of road owned, Saratoga Spa to Lake Station, Whitehall, N. Y., 40.39 miles; Troy to Ballston Spa, 25.48 miles; Eagle Bridge, N. Y., to Rutland, Vt., 62.44 miles; branches, 22.83 miles - total, 151.14 miles. Capital stock, $10,000,000; par, $100. Leased in perpetuity from March 1, 1871, to Del. & Hudson Co., at rental of interest on bonds, lease obligations and 8% per annum on stock. Dividends, January & July 1, at National Bank of Commerce, New York. Listed on New York Stock Exchange. Transfer office, National Bank of Commerce, New York.

Rome, Watertown & Ogdensburg Rr 5% Guaranteed Stock

Line of road, Mas-sena Springs to Richland, N. Y., with branches, 410.14 miles. Capital stock, $10,000,000; par, $100. Leased to N. Y. Cent. & Hud. River RR on March 14, 1891, for corporate existence, at rental of $15,000 per annum until April 1, 1901, thereafter $7,000 per annum, interest on bonds and 5% per annum on stock. Dividends quarterly (February 15) at Grand Central Station, New York. Listed on New York Stock Exchange. Transfer office, Central Trust Co., New York.

Second Avenue Rr 9% Guaranteed Stock

Capital stock, $1,862,000; par, $100. Leased to Metropolitan St. Ry from January 28, 1898, for the term of its corporate existence at annual rental of 8% on the stock, for three years from March 1, 1898, and 9% thereafter. Under lease of the Metropolitan Street Ry Co. to the Interurban Street Ry Co., this road is now operated by the New York City Ry. Dividends quarterly, March 1, at 621 Broadway, New York. Transfer agent, Sec. of company, New York.

United New Jersey Rr & Canal Co. 10% Guaranteed Stock

Line of road, Camden to South Amboy, N. J., Trenton to Jersey City, N. J., with branches, 471.93 miles. Canal from Bor-dentown to New Brunswick, N. J., and feeder, 66 miles. Capital stock, $21,240,000; par, $100. Leased to Penna. RR Co. June 30, 1871, for 999 years at rental of 10% on stock, interest on bonds, taxes, etc. Dividends (quarterly) January 10, at Nat. Bank of Commerce, New York, and Broad Street Station, Philadelphia. Transfer office, Trenton, N. J. Listed on Philadelphia Stock Exchange.

Utica & Black River Co. 7% Guaranteed Stock

Line of road, Utica to Ogdensburg, N. Y., with branches, 150.13 miles. Capital stock authorized $3,000,000; outstanding, $2,223,000, of which $1,120,000 (a majority) is held in the treasury of the Rome, Watertown & Ogdensburg RR Co. Par, $100. Leased in perpetuity, April 14, 1886, to Rome, Watertown & Ogdensburg RR; lease transferred to the New York Central & Hudson River RR, March 14, 1891. Rental, interest on bonds, 7% per annum on stock and $4,500 for organization expenses. Dividends, March and September 30, at Grand Central Station, New York. Transfer office, Central Trust Co., New York. Listed on the N. Y. Stock Exchange.

Utica, Chenango & Susquehanna Valley Ry 6% Guaranteed Stock

Line of road, Utica to Greene, N. Y., with branches, 97.41 miles. Capital stock, $4,000,000; par, $100. Leased April 9, 1870, in perpetuity, to Del., Lack. & West. RR Co. at rental of 6% per annum on capital stock. Dividends, March & November 1, at 26 Exchange Place, New York. Transfer office, 26 Exchange Place, New York.

Vermont & Mass. Rr 6% Guaranteed Stock

Line of road, Fitchburg to Greenfield, Mass., and branch, 58.58 miles. Capital stock, $3,-193,000; par, $100. Leased for 999 years from January 1, 1874, to Fitchburg RR (Bost. & Me. RR). Rental, interest on bonds, $3,000 organization expenses and 6% per annum on stock. Dividends, August & October 1, at 53 Devonshire Street, Boston. Listed on Boston Stock Exchange. Transfer office, Boston, Mass.

Warren Rr 7% Guaranteed Stock

Line of road, New Hampton Junction, N. J., to Del. River, 18.82 miles. Capital stock, $1,800,000; par, $50. Leased, October 1, 1857, in perpetuity, to Del., Lack. & West. RR at rental of interest on bonds and 7% on stock. Dividends August & October 15, at 26 Exchange Place, New York. Transfer office, 26 Exchange Place, New York.

Worcester, Nashua & Rochester Rr Guaranteed Stock

Line of road, Worcester, Mass., to Rochester, N. H., 94.48 miles. Capital stock, $3,099,800; par, $100. Leased to Boston & Maine RR for 50 years, from January 1, 1886, at annual rental of $250,000 and taxes. Dividends have been paid as follows: 1887 to 1893, 6% per annum; 1894 to 1897, 5% per annum; 1898, 5 1/4%; 1899, 4 1/2%; 1900, 4%; 1901, 5 3/4%; 1902, 5%; 1903, 4 1/4%; 1904, 5 1/2%; 1905, 5 3/4%; 1906, 5 3/4; 1907, January, 2 3/4%. Dividends, January & July 1, at American Trust Co., Boston, Mass. Listed on Boston Stock Exchange. Transfer office, American Trust Co., Boston.