The Bridgeport evening farmer., 1913-12-23
B. & Q. EARNINGS FOR NOVEMBER ARE
 MUCH DIMINISHED

New York, Dec. 23-Ba1timore & Ohio's November earnings statement makes a very poor showing;s but it is in thorough harmony with the e3SPer1- erce of other large trunk line systems. The gross amounted to $7,926,250 comparing with $9,O4O, 1851 last year Net was S1,5s8, ,513, against $2,721,429. For the five months ending with No vember the road showed gross earn ings of S44,74 ,O39, against S44 146,-. 241 in the corresponding period last. year. Net totalled SIP, ,479,6 ,67O, against S1s,6es,75O.
 Vice-President Hobbs, of the Bos- ton 6 Maine, who is also comptroller Of the Vermont Railway, asked for bids some time ago for an offering of s2, ,30O,O0O one year 6 per cent notes to take up indebtedness for construct ing the Brattleboro extension, and ac- quirirg the Montpelier & Wells River, Barre & Barre branch roads. No bids were received
 Missouri Pacific sold on the Stock Exchange at 23A, a decline of F points from the previous closing, and the lowest at which it has sold since March, 1898.
 Erie Railroad Co. has applied to the second district Public Service Com. mission for authority to issue $2,OO0,- 900 of general lien bonds under it's first consolidated mortgage, dated De ceTnber 10, 1895
 The most important bond offering scheduled for the near future is the issue of $51, 100000 50 year Az per cent. New York State bonds for which bids will be asked some time near the close of January. The effect of the announcement stating that the bonds were to be offered was to depress out standing state issues from to points, and generally to cause a rela- lively heavy tone through out the mar ket- New York state bonds had been selling on about a. 4.05 per cent. basis and the decline brought some of them down where their yield is 4.15 per cent. If the new E s could be sold on that basis they would bring about 1o73z. The large size of the new issue, and the fact that it will be a high premium bond, however, will make the price received at the sale some what lower than the corresponding level of the As at the time. Trading in the new bonds, when issued, began around 1O5A, but close the week around 1O4 B.
 The Stock Exchanges committee on securities has made a ruling with re- gard to the recent financing done by Canadian Pacific Railway, emitting common stockholders to subscribe to an issue of $52,0OO,OOO 6 per cent notes certificates to the extent of 20 per cent of their holdings. The 5rul-
 
 on December g, except those made for cash, shall be ex-rights, and that rights may be dealt in after that date.
 American Beet Sugar Co. is quite certain to show the 6 per cent. divi- dend earned on it's S5,0OO,OOO prefer red stock in the current fiscal year. However, there will be little left for the common stock, and there is small hope of reSum ptiOn of dividends on this issue for some time to come. The company is in good financial condi- ton with anet quick assets of $2,40O, 900, including over SS0O,000 cash, and with no bills payable. The company is now practically a self financing proposition and rarely borroVs money outside of its own banks.
 In answering the Governments charge that it is a monopoly in re- straint of trade, the American Can Go will be able to submit figures showing that since it's formation there has been steady reduction in the price of cans. While the company bases it's prices on the quotations for tin plate it is a fact that tin plate prices have not declined anything like those of cans. All of which shows