The Bridgeport evening farmer., 1914-05-26
CONN. GAS STOCK
 TO BE INCREASED

New York, May 26.-Under the Mis-
 souId Pacffic's advertisement, dated
 May IS, Monday was the last day for the deposit of the $2s,0o0o00 three year five per cent. notesl due June 1. 1914. Consid erably more than one-half of the issue has assented to the plan of exchanging for extended notes and, l throughout the day, deposits were be- ing freely made with the Union Trust Co. In all probability a small Eropor- ton of the notes will remain un- changed
 k Consolidated Gas stockholders, in Tspecial meeting, voted to increase the authorized capital stock from S10O,-
 000,0o0 to $125, 000.0 600 and to keep the S25, 100000 additional stock in the treasury bending the conversion of the $25. .oo0.000 6 per cent. s<1ebentures conv erdble- into stock at the end of three years. The debentures have not 1 yet been Issued, but have been au- thorized by the trustees. They will be issued as soon as the consent of the public service commission is ob- tained.
 Baltimore & Ohio has assumed con siderable capital 1iabilities on behalf of the Cincinnati, Hamilton & Day ton. but not the amount represented in Washing ton dispatches. When the former road entered Into contract with J. F.. Morgan & Go. to lift the
 road out of receiv vershfp and to pur-
 chase s5O00, GOO stock in 1916 at an ap- praised value, 1t guaranteed the prin-
 cipal and Interest of 1.557, ,O00 pur-
 chase money notes, which matured
 the proceeds of an issue of B. &. O.
 notes.
 Aaso the B. & O. guaranteed the
 principal and interest $12,5OO, GOO (not
 the whole issue) of c. H & D.. first and refundins fours a.hd of these a
 portion are held in tle treasury of
 the c. H & D., leaving s9177, GOO in
 the hands of the public at the end of
 the latest fiscal year. B. & o. has
 also advanced or loaned to the C. H.
 & D. two or three million dollars to
 enable it to continue in business in
 to repair the flood damage of last
 year. The amount of such advances. however, is not ScIearly shown in either companys reports.
 < It is expected that the present week will develop a good deal of interest in nection with gold exports One ship ment of $2.000.00o for Paris has all ready been arranged by the National City Bank, and other banking instf- tutions contemplate joining in the movement The way has now been paved for exporting gold coin, and as exchange continues firm. there will be no restriction to the outflow. Since the present movement began on May 4 a total of $11 ,o00.oo gold has been engaged for export, of which $10,OO0 600 was for Paris and $1 900, GOO for Berlin Including the SIS, COG, GOO sent to Paris the first part Of the year. New York bankers have thus shipped $2s, 900. ooo of the yellow metal since January L
 The Mexican Telephone & Telegraph co. for the year ended February 28 showed gross earnings (lIexican cur rencyl Of SPAS, 2so, an increase of S32, 549 over 1913. Net earnings were $373, ,04S. a decrease of sin, 56f The president reported that the unsettled condition of affairs in Mexico has not seriously affected thes business of the company, and it has compiled with all it's obIi- gations to national, state, and nunic- ipal governments.
 California Petroleum April earnings showed some improvements over those Of the corresponding month last year. Owing to the fact that the crude oil price in one of the connpanyss con- tracts was reduced by eleven cents barrel beginning with January 1 earn ings for the first few months showed a failing off as compared with last year. Tor the first four months of 1914 net earnings before depreciation were 2,1s0. against $723, 826 last year.
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