Show BELMONT AND RYAN CONFER WITH associates ew york dac 26 the following statement relative to the consolidation of the and metropolitan interests was given out today at the office ot august belmont mr belmont and mr ryan after consultation with their respective associates socia tes have approved a plan for the union of the and metropolitan interests which will be formally to the stockholders of the corporations involved as soon as the lawyers have completed the necessary papers the plan contemplates the organization of a new company which shall issue its securities in acquiring the shares of the metropolitan street railway and metropolitan securities companies upon the following terms for every share of stock new collateral trust 4 13 1 3 per cent bonds secured by the deposit of block new common stock 90 for every share of metropolitan street railway stock new G per cent cumulative preferred stock new common stock SO for every share of metropolitan securities curi ties stock with 73 per share paid new common stock 85 it is confidently believed that he proposed arrangement will not only be beneficial to the stockholders of the corporations involved but that it will lie advantageous to the city and to the public |