The Bridgeport evening farmer., 1913-12-27
THE FINANCIAL SITUATION

Ta}News York, Dec. -2T.-One of the leaders in the recent upward move ment of former Standard oil subsid- iaJics is Atlantic Refining, which within the past week has advanced about 100 points on rurno1s of prob able increase in capital stock from 5,0OO,ooO to $25, ,OoO, and a stock dividend of 400 per cent The presi- dent of the company informs the I3ar- ron Financial News service that the question of stock dividend has never been definitely considered, and that no meeting for this purpose has been called. He admits, however, that something of the kind may be done in the future. It is pointed out that according to Pennsylvania laws, under which the company is incorporated, corporation desiring to increase it's capital stock must file an application 50 days prior to the authorization.
 Of the $1O,696,O0O New York Gen. tra1 6E Hudson River equipment notes authorized by the Public Service com mission, $3,0OO,OOO will be offered through J. P. Morgan & Go. in the near future. The minimum price fix ed by the commission is 93 F, but the offer price has not yet been deter mined.
 Owing to their crippled financial po- sition the Boston & Maine and New Haven will probably abandon ali work, for the time being at least, to- ward the elimination of grade cross ings. Projected work of this kind amounts to $1O,00O,OO0 in the case of Boston & Maine alone
 No arrangement has yet been made for the sale of the $2,OOO,OOO Erie railroad general lien As recently auth orized. It is expected that announce ment regarding them will be made in the near future.
 In authorizing the purchase by the Coney Island & Gravesend Railway Co., of 2637O shares of Coney Island & Brooklyn stock, the Public Service commission enables Brooklyn RapiU Transit to absorb it's only competitor in the Brooklyn transit field. The Coney Island & Brooklyn controlled three separate lines, two of which op- erated to Coney Island. The company was formerly a big dividend payer, but deterioration of its physical prop etty because of inadequate upkeep provision caused heavy slump in the value of the stock. Some years ago it was quoted above 200, but at the present time it could probably be pur chased we'll under par. The total authorized shares of the company are 3O;Ooo, with 29,S39 outstanding.
 Of the $2,O0O,0OO Chicago & Eastern Illinois additional one year per cent. receivers certificates, authorized by sanction of the court, approximately one-half will be sold at this time, not more than that amount being needed.
 Atchison's gross earnings in Novem- Der tota1Ied $9,7S4,52O, a decrease of $1,O44.3 366. Net amounted to $3,090,- 26S, a decrease of $639,171.
 Notwithstanding that 1913 will be recorded by a great many investment holders as a lean year the amount of money to be disbursed on January 1 in interest and dividend will aggregate $266, 6,400,000, as compared with $24S,- 900, ,0OO last year. Interest payable in January on the bonds of railroads, in dustria1 and miscellaneous companies, as well as those of cities, states and counties in the United States and on the government debt totals $164 354- 551. The total of bonds of every class outstanding on which this interest is payable is $7,777, ,319,150.