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DAY, JUNE 7, 1906. "1 tNew Steamer + Will be Built.- deteorbestorterbeete ee rio} The Farrar Transportation Con-} tWlipany have now «finitely decided ta WORiDuik! a new steamer, 'this final de Oflicision being reached at a meeting Offof the directors on Tucsday alter- itdinocon. At this meeting subseripliong, ling ifor the full amount oF the stock of- vholfered to the public'! were received. ro™iThe list of subsecribera includis Mr. viseID>D. DPD. Lewis, superintendent of the Ms) Aleeénun Fiteel Works amt othors love PRA PN with the allied companies ion, | ae Soo, 4 Bumber of the lead- + Of ant Seubooe men of Owen Sounal, DOT [iewkles those in town. . trall Plans are now well under way tae a'iths new steamer which will b: of gu-}the five humired foot class anil iver have a carrying capacity of 8.000) rel-ttons. These will be completed in , lsithe course of a few days and im- ts-lmetiiately after the cum€ract will : of | be awarded. 18 is <xpectak that 'the steamer will bo built by the {Coiling sood Shipbuilding Co. , The dircetors of this company fgec are to be congratulate! on the Une sucess of their utelertakiog to dia-| Stclpose of the necessary stock to pro- fsa Vile for this steamer. That the nth lxtoek ix nm profitable investivent ie ardjamply demonstrated by the past for jhistory of the company. Organiz- oniet! and incorporated during the lyiwummer of ttt, with an author. it.jiged capital eo S250,000, the cou- Mn 3 erate purchasc! the steamer New- pmount, {000 tons burthen, with a ins fenpaelty of 108,000 bushels of ard rere! Tr cent. was drelared, the same the 'in 1904, atl last year .this was ent |alombleal. This gear the gross earn- tL if iinge of the Newmount up to" the Of present are -+sjual to. those of 1005 mild }up to August 2 el. tn. Noltracts for earrying whielt- Will keep re re) the steamer in commission for some mis. weeks have been securel ami in- quities are receive! almost daily hih-!reepecting charters 'or the later 4s Inonths of the summer the! The officers and direetora of the ite, company afte; © Farrar, preskbont': Pis~ Capt, FF. Soott, viewpresklent, Win, acti Rh Rowland, treasurer: G. E. Fair, neefipecretary: Capt GG. P. Pearsall, it rlmanager ; amt J. GF. Perris, Mark- ry. lalate: J. Wiley, Wodehouse; Wy Mle 'ousTenilan, Heathcote: Capt. F. A. Bas- Yr jkett Collingwoml, antl HO Bait, Wits Sia rikelale, directors. S Te. ene jwhent. That year a dividend of ten! "> i- NEW PROPINETOR. , 'rim: = - ee ee et tied taal ' |?