c< *r&.d - eCommons@Cornell - Cornell University

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14, ooo Chi., St. Louis & New Orleans, Series A Equip. Notes at
4.42 basis.
50,000 Delaware & Hudson Equip. 4^'s at 4.37 basis.
25,000 New York Central Lines Equip. Trust 4^'s of 1913 at 4.50
basis.
50,000 New York Gas, Electric Light, Heat and Power Co. ist Mtg.
5% bonds at 105.
50,000 New York Central R. R. Co. Conv. 6% Deb. at 120.
50,000 Chi., Mil. & St. Paul Conv. Gen. & Ref. 5% bonds at no.
Authority
following
$ 7,78i .50 Gt.
(Note At this time Mr. Ickelheimer withdrew from the
meeting on account of another engagement. )
as above was given the Comptroller for the sale of the
securities :
Nor. Iron Ore properties Ctf, at 60.
25,000 U. S. Steel preferred stock at 120.
On the recommendation of the Committee on Buildings and Grounds
it was recommended to the Administration Committee that an appro
priation of $500 be made to cover the cost of moving the small house
formerly used for housing animals for the Department of Physiology
to the site of the new animal house and fitting same up for use by the
Department janitor.
Resolved, That upon the sale of the New York Railways adjustment
5 % bonds as above authorized, the Comptroller be authorized to pur
chase $50,000 of the Third Ave. Ry. Co. Adjustment 5% bonds at 80.
The Comptroller was authorized to purchase for the University in
his discretion securities as follows, at substantially
tioned :
the prices men
$25,000 Seaboard Air Line Ry. Co. ist Consol. 6% bonds due Sept. 1,
1945. (Mr. Shepard not voting. )
5,000 Kings County Elevated R. R. Co. ist Mtg. 4% bonds due 1949.
25,000 New York Central R. R. Co. stock at no. (Mr. Place not
voting. )
25,000 Union Pacific R. R. Co. common stock at 140.
The purchase of $25,000 Virginian Ry. ist 5% bonds at 98^ was
referred to the Comptroller with power to purchase at substantially
that price if on further investigation the purchase meets his approval.
On motion adjourned.
CHAS. D. BOSTWICK, Sec'y.