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Show STREET RAILWAY IN HANDS OF RECEIVERS NEW ORLEANS. Jan. 1 The New York Securities company has sued for receivers for the Street Railways company com-pany of New Orleans, bringing suits simultaneously in New Jersey, . New York and the Federal courts here. President Pres-ident E. C. Foster of the Railway com pany and Pearl Wight, a, local merchant,, mer-chant,, were appointed receivers. The State recently sued to annul the corporation, which sought to consolidate consoli-date all local lines of street railroads and capitalise the concern at $80,000,000, C. S. Falrchlld and other Eastern capitalists capi-talists being Interested. |