OCR Text |
Show BONDS REDEEMED TODAY. The Oregon and Transcontinental Railway Company Calls Them In. Portland, Ore.. Nov. 1. Special. All the outstanding mortgage trust bonds of the Oregon and Transcontinental Transconti-nental railroad were redeemed today at 105 per cent and accrued interest. For this purpose the Oregon & Transcontinental Trans-continental company recently sold to Drexel, Morgan & Co. of Philadelphia, the Northern Pacific railroad company's com-pany's consolidated mortgage 5 per cent gold bonds set apart to take up the Oregon & Transcontinental bonds, with the provision that the bond-holders of the Oreon & Transcontinental company should have opportunity to exchange their bonds for the Northern Pacific 5 per cent bouds. |