The Bridgeport evening farmer., 1913-12-30
BRIGHTER OUTLOOK FOR NEW HAVEN R.R.
Bigger Demand For Copper In Conn. Valley Good
 Omen

New York, Dec. Swallowing the recent upward tendency in New ,Ha- ven shares there has arisen a rather bearish sentiment the stock mar ketwise, at least, based on the belief that the large short interest that was known to exist had been forced to cover, leaving the shares again in a vulnerable position for another short interest build up. AS regards the companys own financing arrangem ents have apparently been completed, but for it's sister line, the Boston & Maine, in which New Haven has so much at stake,e similar arrangements have not yet been made and the out look at the moment in this respect does not seem rosy. Late announce ments of a change in the company,s law department which promotes the general counsel to position of coun- sel to the board of directors means that the new management realizes the seriousness of it's duties to both se- curity holders and the government.
 Judging from the improvement in the demand for copper from Ameri- can consumers, which includes the Connecticut Valley brass factories, there have been received by the man ufacturing interests increased orders for finished materials. Several months ago the American Brass Co.,, owing to slump in business, eurtaiIed to five days a week and later operated but four days out of seven. To what extent of capacity they have since increased has not been announced but copper producers express the belief that the consumers of the metal have been playing possurn'' to some ex- tent in the hope of getting copper sup plies at or near IA cents a pound. Under heavy buying during the past week prices have advanced to 15 cents, but the foreign buyers got the bulk of the cheap metal.
 With the rest the market show ing signs of betterment Can. Pacific shares have dropped to the lowest level of the year. Dissatisfaction over the recent action of directors as regards the expected melon has started much selling of the stock although Berlin, where much of it is held, has been credited with buying through London and New York markets.
 Electrical manufacturing companies have enjoyed banner year in 1913 General E1ectric's gross should run between $110, 100000 and $113,OOO,e00. Western Electric will also establish a new record. First ten months of the fiscal year showed bookings at the rate of $76, 900, GOO for full year against last years actual bookings of $71, 700,- GOO. Westinghouse Electric & Manu- featuring Go. will turn out gross busi- ness of. record proportions according to present indications.
 Payment on $2, 954, GOO 1-2 per cent. New York Central equipment trusts falls due on Wednesday. Half of the issue sold in London through a Morgan syndicate, while the balance was quickly subscribed for in this country at prices netting approximate Iy 5.15 per cent.
 Through order of the Federal Court the semi-annuaI interest on $8, COG, 900 first and refunding per cent. bonds of St. Louis & San Francisco Railroad Co.,, will be paid on January 2. The company has been in receiv- CTS hands for several months and some uncertainty had arisen regarding the forthcoming interest on these bonds.
 The New Niquero Sugar Go. will is- sue $1.500, 00e bonds of which $1 O0o, GOO will be offered for subscription imme- riately. The company has also in- 1 creased it's capital stock from $500, GOO | to $1, 900 Of which $1, O00, 600 will be z per cent preferred stotk. The com pany, controlled by prominent sugar 1 interests in lower Wall Street owns 35,O00 acres of growing lands in Cuba l The Hudson & Manhattan Railroad (operating the Hudson tubes) has re- adjusted it's debt which included the paying off of $21, 157, GOO notes This was accomplished through the Hudson companies owning control of the rail- road company
 American Smelling & Refining Co has made no overtures of peace to the | Washington government because there has been no signs of litigation against ] it. Department of Justice represen- ! tatives have been going over books and records but the departments de- cision has not been made known to the company. according to officials of the corporation.
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