. The street railway review . 00 Buffalo, Bellevue & Lancaster Ry 215,000 Buffalo & Niagara Falls Electric Ry. 925,(XI0 ,000 Buffalo & Lockport Ry 500,(X10 1,0(H),000 Lockport & Olcott Ry 700,000 200,000 Elmwood Avenue & Tonawanda Ry 14,125 Buffalo, Tonawanda & Niagara Falls Elec-tric Ry 1,500,000 Niagara Falls & Suspension Bridge Ry. Co. 518,000 600,000 Niagara Falls, Whirlpool & Northern 22,.500 50,000 Niagara Falls, Park & River Ry. (Canadian) 600,000 600,000Niagara Falls Suspension Bridge Co. (American) I V 300,000 40


. The street railway review . 00 Buffalo, Bellevue & Lancaster Ry 215,000 Buffalo & Niagara Falls Electric Ry. 925,(XI0 ,000 Buffalo & Lockport Ry 500,(X10 1,0(H),000 Lockport & Olcott Ry 700,000 200,000 Elmwood Avenue & Tonawanda Ry 14,125 Buffalo, Tonawanda & Niagara Falls Elec-tric Ry 1,500,000 Niagara Falls & Suspension Bridge Ry. Co. 518,000 600,000 Niagara Falls, Whirlpool & Northern 22,.500 50,000 Niagara Falls, Park & River Ry. (Canadian) 600,000 600,000Niagara Falls Suspension Bridge Co. (American) I V 300,000 400,000 Clifton Suspension Bridge Co. (Canadian) )Lewiston Connecting Bridge Co. (American) 1 V .... 125,000 400,000 Queenston Heights Bridge Co. (Canadian). ) Total $13,202,000 $14,934,625 The Lockport & Olcott Ry. is virtually a continuation of theBufTalo & Lockport Ry. The company has $200,000 capital stockauthorized and issued, and has issued $700,000 in 5 per cent. 20 year. BIRDS EYE VIEW FROM ELLICOTT SQ. gold bonds which are guaranteed principal and interest by the In-ternational Traction Co. Some recent extensions not included in the table bring the totaltrack controlled by the International Traction Co. to over 350miles. The International Traction Co. is exclusively a stock ownership company, and does no operating whatever. Favorable trafficagreements e.\ist among the allied companies, but all of the under-lying companies retain their corporate existence, and as yet therehas been no actual merger or lease of the properties, the accountsof each company being kept separate and distinct from all theothers. The following facts concerning the International Traction be of mtcrest: Capital stock, common, $10,000,000; 4 per


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