Show II I I KRIK Imm Elti I COMPLICATION CO I cIN Interesting tn Una tl cn on Stock Exchange In lit New York March Marci 2 An n Interesting complication which can bo ho b settled nettled only olly by hy the tho arbitration commit committee tee teo line haf arisen on al Oh tho the stock exchange In iii II regard to transactions tr lit In ErIe l First preferred Payment Jeb 29 of ot n a second semi semiannual annual two per er cent dividend on Oi this thin stock lock automatically terminated tho the ex ox of tim the th old alt voting trust accord accordIng according Ing to the tho of or time tho agreement tinted dated Jan Jun 1 I 1890 under which voting trust certificates Issued l Alel It I Is hi now pro proposed posed to extend the tho voting oUng trust five Ovo years and tho ho voting trustees have hlo an announced nl that limit the time consent of at a 1 majority to 10 illch such extension Urn tIm transfer of or voting trust certificates will wi bo Ito o con continued continued until May hay Mn 1 i 1 Time Tho ho authorities of ot the tIme exchange however have ruled that the tho certificates bearing ditto date later inter than Feb eb 29 are not hot a 1 good delivery The position of at tho tIme governors Is III that according to time thu Ihl terms of which tin tho certificates wore were listed the voting trust expired Fob Feb 29 antI and that o n voting trust trusi certificate tinted dated March 1 t or later Inter cnn can cannot not bo be considered n it good delivery So Ho long bug IonI as na tho time ruling continues In force trailing trading In time tho stock mentions necessarily will wil bo ho confined to trust certificates Issued luul on 01 or before Feb 29 There Is II nothing to prevent transactions outside the tho exchange the tho matter Is II referred as an R It probably ably abl tee lec will wi be 10 to thin arbitration commit committee |