[74] Annual Yield of Old and New Securities:
| Loan | Previous annual return | Annual return from new bonds given | Annual return from new bonds and stock given | |
|---|---|---|---|---|
| B. & O. Loan, 1853 | $40 | $40.87 | $46.47 | |
| Consol. Mtg. 5s, 1887 | 50 | 41.75 | 44.35 | |
| Loan of 1872 | 60 | 40.41 | 42.01 | |
| Loan of 1874 | 60 | 40.41 | 46.81 | |
| Parkersburg Br. 6s | 60 | 41.75 | 41.75 | |
| P. & C. 1st Ex. 4s | 40 | 40.87 | 42.70 | |
| P. & C. 1st 7s | 70 | 40.00 | 40.00 | |
| B. & O. 5s, Loan of 1885 | 50 | 40.00 | 44.00 | |
| P. & C. Consol. 6s | 60 | 40.67 | 48.67 | |
| Chicago Div. 5s | 50 | 46.30 | 50.30 | |
| Phila. Div. 4½s | 45 | 40.00 | 50.60 | |
| B. & O. 4½ Term. Bs | 45 | 40.00 | 40.00 | |
| Akron & Chicago Junc. 5s | 50 | 40.00 | 42.00 |
[75] Headed by Messrs. Speyer & Co. and Kuhn, Loeb & Co. of New York, and Messrs. Speyer Bros. of London. R. R. Gaz. 30:733, 1898.
[76] The Western Union stock was sold to the same syndicate which took the Baltimore & Ohio’s securities, at a price said to be about 90. At this price the yield would have been $3,420,000; so evidently very little other stock was sold.
[77] In fact they were never quite so low as this.
[78] Chron. 69:128, 1899.
[79] Chron. 67:27, 1898.
[80] Ry. Rev. 38:656, 1898.
[81] R. R. Gaz. 31:500, 1899.
[82] Ry. Age 28:570, 1899.