Columbus & Xenia Rr 8% Guaranteed Stock

Line of road: Columbus to Xenia, O., 54.70 miles. Capital stock, $1,786,200; par, $50. Leased Nov. 30, 1868, for 99 years, with privilege of renewal, to Little Miami RR & sub-leased in December, 1869, together with Little Miami to Pitts., Cin. & St. L. Ry (now Pitts., Cin., Chic. & St. L.). Rental, 8% per annum on stock and interest on bonds. The bonds matured September 1, 1890. Lease is guaranteed by Penna. RR. Dividends, quarterly, March 10, at Treasurer's office, Columbus, O. Transfer office, Columbus, O.

Concord & Montreal Rr 7% Guaranteed Stock

Line of road owned, Nashua to Groveton, N. H., with branches, 368 miles. Capital stock, $7,447,600; par, $100; divided into four classes as follows: $800,000 class 1; $540,400 class 2; $459,600 class 3; $5,647,600 class 4. Leased together with its proprietary, controlled and leased lines, to Boston & Maine RR for 91 years, from April 1, 1895; lease to go to Boston & Lowell RR, in case same terminates before 91 years have elapsed. Lessee assumed all the liabilities, and by agreement pays 7% on stocks as rental. Dividends, quarterly, January 1, by check. Listed on Boston Stock Exchange. Transfer office, Concord, N. H.

Connecticut & Passumpsic Rivers Rr 6% Guaranteed Stock

Line of road, White River Junction, Vt., to Canadian line, 110.30 miles. Capital stock, $2,500,000; par, $100. Leased for 99 years, from January 1, 1887, to Boston & Lowell RR (B. & M. System) at rental of interest on bonds and dividends at 5% per annum until January, 1897, and 6% thereafter; also $3,000 for expenses of organization. Dividends, February & August, at Boston Safe Deposit & Trust Co. Transfer office, Boston, Mass. Listed on Boston Stock Exchange.

Connecticut River Rr 10% Guaranteed Stock

Line of road, Springfield, Mass., to Keene, N. H., and branches, 79.85 miles. Capital stock, authorized, $3,670,300; outstanding, $3,113,000; par, $100. Leased to Boston & Maine RR for 99 years, from January 1, 1893, at rental of 10% per annum on stock, interest on bonds and $2,000 for organization expenses. Dividends January & July 1, at B. & M. office, Boston, Mass. Transfer office, Springfield, Mass. Listed on Boston Stock Exchange.

Dayton & Michigan Rr Guaranteed 8% Preferred And 3 1/2% Common Stock

Line of road: Dayton to Toledo Junction, O., 141.82 miles. Capital stock, $1,211,250 preferred, and $2,-401,900 common; par, $50. Leased in perpetuity from May 1, 1863, to Cinc, Ham. & Day. Ry at rental of interest on bonds, 8% on preferred stock and 3 1/2% per annum on common. Dividends on preferred, quarterly, January (first Tuesday); on common, August & October, in Cincinnati, O. Transfer office, Cincinnati, O.

Delaware & Bound Brook Rr 8% Guaranteed Stock

Line of road, Bound Brook Junction, N. J., to Penn. State line, and branches, 30.81 miles. Capital stock, $1,800,000; par, $100. Leased for 990 years, from May 12, 1879, to Phila. & Reading RR, and assumed by Phila. & Read. Ry in the reorganization. Rental, maintenance expenses, interest on bonds and 8% per annum on stock. Dividends, quarterly, February 20, at 240 South Third St., Philadelphia. Listed on Philadelphia Stock Exchange. Transfer office, 240 South Third St., Philadelphia, Pa.

Detroit, Hillsdale & Southwestern Rr 4% Guaranteed Stock

Line of road, Ypsilanti to Bankers, Mich., 64.76 miles. Capital stock, $1,350,000; par, $100. Leased in perpetuity, from July 1, 1881, to Lake Shore & Mich. Southern Ry at annual rental of $54,000, being 4% on stock.

Dividends, January & July 5, at Farmers' Loan & Trust Co., N. Y. Listed on New York and Boston Stock Exchanges. Transfer offices, Farmers' Loan & Trust Co., New York; also Boston.

Elmira & Williamsport Rr Guaranteed Common And Preferred Stocks

Line of road, Williamsport, Pa., to Elmira, N. Y., 75.50 miles. Capital stock, $500,000 common and $500,000 preferred; par, $50. Leased for 999 years, from May 1, 1863, to Northern Cent. Ry at rental of interest on bonds, dividends of 7% (less taxes) on preferred stock and 5% (less taxes) on common, and organization expenses. The Northern Cent. Ry is controlled by Penna. RR Co. through majority stock ownership, and the obligation of the Northern Cent., under the lease, is guaranteed by Penna. RR Co. Net dividends paid: 6.3% on preferred and 4.48% on common; payments on the former are January & July 1, and on the latter May & November 1, at Broad St. Station, Philadelphia. Listed on Philadelphia Stock Exchange. Transfer office, Philadelphia, Pa.

Erie & Pittsburg Rr 7% Guaranteed Stocks

Line of road, New Castle to Girard, Pa., with branches, and 16.74 miles of trackage, 101.21 miles. Capital stock, outstanding, $2,000,000 original 7% guaranteed stock and $941,750 (auth. $2,500,000) special 7% guaranteed betterment stock; par, $50. Leased for 999 years, from March 1, 1870, to Penna. RR, and lease subsequently assigned to Penna. Co. Rental, interest on bonds, 7% per annum on capital stock, and $2,500 for organization purposes. An allowance, amounting to about 51 cents per share, for Penna. State tax, must be made in the net returns.

Dividends, on both classes, paid quarterly, March, at Union Trust Co., New York. Transfer offices, New York and Pittsburg.