The Bridgeport evening farmer., 1914-03-05
IN FINANCIAL CIRCLES

New York, March 5-A meeting of the full board of directors of the New Haven will be held Friday to con slider the question of separation of the roads holdings of Boston & Maine stock, and the negotiations to this end with the Department of Justice. At the conclusions of the executive com rnittee meeting held zearly in the week Chairman Elliott said that while ev- cry phase of the Boston & Maine had been discussed, no final conclusion had been reached. The curtailment of train service to go into effect March 15 will have no effect on important trains and it is believed substantial econemtes will be affected without ma ter1ally 1essening present accommoda- tions. This move is said to be in line with the efforts of the Interstate Commerce Cornmissipn to effect say ings in operations wherever possible. The American Bank Note Co. re- ports net profits for the year ended December S1, 1913, of s53O, 514 against sS67 O05 for 1912. The balance of $541.- 673 after deducting preferred dividends is equal to GOA per cent on the $4s- 495,794 common stock against 12.1 per cent so earned in the preceding year. The company had a total surplus at the end of the year amounting to $1s- 462.778 against $1,46O, ,586 in 1912 Western Maryland Railway directors have formally accepted the resigna- J Fl. A4E and Edward D. Adams as chairman of the board, and have elected Carl R. Gray, former president of the Great
 Northern, to fill both positions l The American Snuff Co.'S annual report for the year ended December l 31, 1913, shows a balance of $1,S70, 561
 which was equal to 15.19 per cent
 earned on the $11, ,O0O, 900 common stock
 compared with 16.3 per cent. earned on the same amount of stock in the pre-
 ceding year.
 Interborough Rapid Transit Co.'S day in February which was the best record in many months. Subway l gained about $2,80o and elevated $2.- l5o0 a day, which means an increase for I the month of s145, GOO comparing with ! $3o.Oe0 in January and $74.oOo in De cember.
 I John C. Stuart, assistant of the pres ident of the Erie railroad is dead MT. Stuart held a prominent position In the operating department of the Chica-
 Minneapolis & Omaha and the Bal I tfmore & Ohio before coming to the
 ETie.
 The Missouri Pacific has placed an order for 83 all steel passenger cars I with the American Car & Foundry I Cp., which submitted the lowest bid l Cost of the new equipment is approxi- mate1y $1, ,000, 600 which will be dnanc-
 ed by the sale of equipment trusts. Steel manufacturers are more cheer ! ful owing to the resumption of opera
 tions by many of the plants recent ly idle in the Pittsburgh district. The
 buying movement which developed
 shortly after the start of the yeaa
 has put the mills on Fnore active
 schedules. In the past fortnight buy Il ing has slackened somewhat but the
 United States Steel Corporation has
 done well that it is intinnated prices l will be advanced
 Louisville & Nashvi1le.s announce
 nent of reduction from three centl to two and a half cents in passengel
 fares in Kentucky says the new rat. will be effective no later than May 1 and applies to all lines in the stat,
 except branches and new lines o1 which passenger business Is not re munerative. It will. apply to intra
 state and Interstate travel and witt similar reductions in Tennessee ant 2 Alabama will have the effect of sub stantiaIly establishing a maximum 3 1-2 cent fare from the Ohio river t, the Gulf.