New York Lake Erie and Western Docks and Improvement Co. - Shipping Stocks For Sale

NEW YORK. LAKE ERIE AND WESTERN DOCKS & IMPROVEMENT Co.\" Incorp. June 28, 1881, in New Jersey, to buy, reclaim and improve lands, and lands under water in Hudson County, N. J. Leased to New York, Lake Erie & Western RR (now Erie RR) during the charter life of both corporations at rental of interest on bonds. Owns principal tidewater freight terminal of the Erie RR System on New York harbor, located on the Hudson River at Weehawken, N. J., opposite Twenty-third Street, New York. Property includes 68.71 acres of upland with riparian rights to 52.90 acres under water. having a frontage of 2,591 ft. along the pierhead line of the Hudson River. Improvements include 5 covered piers, 2 open piers, 1 coal transfer pier with trestles and pockets; also 21.95 miles of railroad tracks, freight house, engine house, warehouse, etc. Capital Stock. -Authorized, $2,000,000; outstanding, $604,000. Shares, $100; all owned by Erie RR Co. and pledged as part collateral under its First Consolidated Mortgage. Annual meeting, second Thursday in April at Jersey City, N. J. Funded Debt:-$3,396,000. First Gold 5s; dated July 1, 1883, and extended from July 1, 1913, to July 1, 1943, interest being reduced from 6%; int. J & j 1, at Erie RR office. New York. Coupon, $1,000; principal may be registered. Farmers\' Loan & Trust Co. New York. Trustee. Authorized and issued, $4,000,000; $604,000 owned by the Erie RR Co. and pledged as part collateral under its First Consolidate Mtge. object to call at 102} and interest at any time on or prior to July 1, 1918, upon 60 days\' notice, and thereafter at 105. Guaranteed, principal and interest, under terms of lease by Erie RR Co. Secured by first lien on all property of company. Listed on New York Stock Exchange. The extended bonds were offered in June, 1913, at par and interest. Mortgage contains tax-free covenant. Also available unissued at a lesser price. Please inquire if interested. Item ordered may not be exact piece shown. All original and authentic.