The Bridgeport evening farmer., 1914-12-30
NEW YORK EK7 7ERT REVIEWS SITUATION .IR FINANCIAL WORLD
(Barron Financial News service1

(Barron Financial News Service.)
 New York, Dee. .30.-A movement is under way to place under one man agement two companies founded by the late George Westinghouse. The Westinghouse Electric & Manufactur- ing Company, the largest of the two concerns, has offered to exchange one share of it's stock for three shares of Westinghouse Machine Company. The offering was made originally to a com mittee of Machine Company stock holders who accepted it only on the conditions that the same offer was made to all stockholders. The actual management of the Westinghouse Electric Company passed from the hands of George Westinghouse about five years ago at the conclusion of a contest Waged against him by New York banking interests. Since that time until his death MT. Westing- house devoted practically his entire attention to building up the Westing- house Machine Company. Their prop critics are contiguous in East Pitts burg and operations under one man agement should result in material economy.
 The annual Etockholders' meeting of the Hudson Companies scheduled for January 12 in this city, promises -to be a lively affair owing to the activity Of the preferred stockholders com | Hartford. The committee, which or ganized about a year ago, has, through representation on the board of dlrec- tors, been examining into the financial affairs of the Hudson Companies and the results have been far from their liking. They point out that the $16,- 600, 900 preferred stock was practically widely distributed. At present the stock is being offered at about S6 a share, Two reports of the financial affairs have been made, one, a ma Jority report representing the views | of the management, and the other, a minority report, which disagree very l widely with the former. The com mittee states that a thorough exam ination will reveal a condition which should result in the management be- ing placed into new hands. The com pany was organized by William Mo Adoo, now secretary of the United States treasury.
 | Central Trust certificates of interest | in Southern Pacific stock will become full paid'' on January 31 unless a 1 further extension of the date of pay l ment is made. The time for the last installment has. been twice moved ahead. While explanation was l given it has been dresumably due in part to the generally disturbed hnan- ] cial situation. The subscriber, it will be recalled, had the option of either paying the entire $92 per certificate down or of making a first payment of s25, the balance of $67 to. be paid within a years time at 6 per cent. in- terest. Union Pacific stockholders subscribed for about 92 per cent. of the. $s8, ,357, 500 Southern Pacific stock in the hands of the Central Trust Company, leaving only $7, ,352. 200 to be ] taken by the underwriters.
 
 has requested the governor of the state of Louisiana to arrange for conference of. representatives of the state, the American Sugar Refining Company and the Exchange, for the purpose of arriving at a basis where 1 upon the operation of the American 1 Company's large refinery at Chalmette | could be resumed. The closing of the plant, which is the concerns largest, has hit the surrounding territory a heavy blow and efforts have been started to cause a resumption of op- erations so that employment might be found for the company's 1,500 en- ployes.