The Bridgeport evening farmer., 1914-07-25
NEW HAVEN ROAD TO CLOSE UP AFFAIRS
 OF BILLIARD GO.
(Barron F.inancaal News.l

New York. July 25=It is believed that steps will shortly be taken to the Connecticut legislature in 1909, this much criticised corporation was designed to take over from John L. Billiard the controlling Boston & Maine shares. It was. however, never needed because the New Haven suc- ceeded in getting a better substitute for that purpose in the form of the nevertheless was kept alive and has since been employed for another pur- pose.
 The New Haven saw fit to have transferred to the Billiard Co. $1S,- T09, ,00O IS year ftindine gold notes of the New EngIand Investment & Se- curity Co, representing the considera- ton to the railroad for parting with the Massachusetts troIleys. Upon re- ceivtng these notes. corresp ending amount Of the Billiard Co., own notes conprising the great bulk of it's Iia- Utilities was issued to the New Eng- land Navigation Go.
 A big stride has now been taken by the present New Haven manage ment toward cloaing up the financial affairs Of the Billiard Go. There has been taken over from the Billiard Co.'S treasury a balance of $10s 100000 Of New Engiaid Investment & Security notes remaining therein at the close of the 1912-1S fiscal year. In returns the B1lIard Go. was given the correspond- ing amount of it's own notes held by the Navigation Go.
 Plans for the rennancing of the Bigelow Carpet Co contemplRte the Formation of 3 new AIassach chusetts cor poration to be known as the Bigelow l Carpet Corporation. The new cor I poration will be capitalized for $1ss- $50, 900. consisting of $b,5o0.0 900 s per A . ka- n e , l 0b0, GOO common Only $S, 0QOs 900 preferred an s2.56Os 600 common will bes Issued at this time. The prefaKred stock will be offered at par. | 6Ehe board Of directors Of the new I company has not been finally made members of the old board as we'll as representatives of the new interests. I Estimates Of local steel adthorities range from SIS .000, ,000 to $21. 100000 as the showing of United States Steel l Corporationss report for the second be Issued next Tuesday. In the event that net earnings amount to s19. GOO, I 900, there will be a deficit of more than $5,O0O, ,000 for the quarter and $11,00o, GOO for the first ha1f Of the
 year With better steel prices ruling.
 doubtless show considerable improve
 nent. unless steel makers fail to hold the higher qnotations
 The western railroad wage media I ton has developed nothing as yet to warrant the belief that the men and the roads will patch up their diner
 ences in the near future It is be IieVed that a crlsis has been reached ! ip the associations though both sides l are keeping strict silence in accord ssnce with the terms of the secret agreeEneht.
 Plans are under way for reminding the first mortgage 6 per cent bonds
 Of the American Mating Co., due pecenber l. 1914 Of which there are approximate1y s2. .ss3 900 ositstandins Fit will be done by the sale Of new
 first mortgage 6 per cent. honda The authorized amount of the new issue is las yet undetermined. according to of
 hcials or the company. but 1t is ex- ipected to be in the neighborhood ol I s2. .60os 900.