The Bridgeport evening farmer., 1914-01-05
IRE FINANCIAL OUTLOOK
New Ravens Earnings Compared With Other Eastern Roads.

about $175,0 900 below November of 1912, #flrd net of s1.17s.s2s compares with s1,- .e57. .022 for the same month last year. For the five months ended November 50 gross totaIled s29, ,7s1. .667, against Ss9. .2ss. 574 in 1912. Five months net n amounted to s7,s1s.23z. compared with SIG. .s16. T2e-
 A limit of $50. .ooo. GOO has been placed on the Skift 6 Co bond issue author szed at the annual meeting last week. This VIII a11ay the apprehension felt by some stockholders when they re- cefved notice of the meeting. which asked to authorize an open mortgage under which any amount of bonds could be issued at the discretion of the directors
 Directors of the United Cigar Stores Co will meet on Tuesday to take action on the common dividend. It is regarded as quite certain that the # directors will either increase the reg uIar rate or declare extra dividend The regular dividend rate is per cent per annun
 Chairman Elliott of New Haven, will be more than disappointed if the At forney General rejects his plan of a voting trust to take over the Bos- ton Railroad Holding Co., 1t is pro- posed that there shall be five trustees to be appointed at the instance of the Federal Attorney General and Gov Hrn0r Walsh of Massachusetts It is CCnL9z0D4AL6G IAtlC the BOSIOIl cL M o146 stock shall be voted by these five men except for annual elections of other directors of Boston & Maine. the board 6f which is at present constituted of IS men
 Directors of the washington Trust submit to their respective stockfo1d- CTS a proposition for the consolida- tIor of the institutions upon the basis Of exchange of stock, share for share, r~r~ z f~e e+ n 1e stockholders Of the Washington Trust The rennaneing and exteution plan of the Assets Realization Co, which has been declared effective as of De cember 91. 1913. provides for the re- neifal of important obligations for one year. It is also provided that a fur thtf renewal of one year may be made The creditors com n-nittee win be in charge of the company's busf-
 The earnings statement of the In-. terborough Rapid Transit Go for the month of December is favorable exhibit. showing a gain of s74. .000- In November the gain was about $45. 900 while i'm October g. loss of $6sy 600 waa shown For the six months to De. cember s1 gain in gross of $265.000 was accomplished.
 Milton C. Elliot Of the Treasury De- partment and secretary Of the Reserve Bank Organization committees, when seen at the Sub-Treasury by a repre- sentative of the Barron Financial News Service said
 eI am now arranging convenient times for the representatives of clear ing houses and various bodies to meet Secretaries MeAdoo and Houston on Monday and the three succeeding days. HSkrfngs win inciade the representa- n~ea from the New York Clearing Hauses the Herchantss Association, tn 6 Credit Hens Association and the Chamber Of Commerce. In addition representatives from Buffalo, Syra- cuse. Rochester. Newark and other large cities will be here some time
 T L. Watson & Go.)
 As we confront the New Year just begun, there are certain constructive forces at work which, if they are not obstructed, promise to work for in1- provemenf in the market for the bet ter class of stocks and bonds. Chief among these we place the changed at- titude of the administration toward Big Business" A number of the large industrial combinations have aI- ready made peace with President Will g~n and Attorney General McReyno1ds. Several others are engaged in nego- fiations that promise to end satisfac- torily. If this policy is to be pur- sued. we can hardly expect that such further antitrust legislation as the President will encourage in Congress win be so drastic as to do harm If the new currency law is administered by conservative and competent ap- pointees to the Federal Reserve Board. the new fiscal system of the country will work to the advantage of 1egi- innate business and speculation. The country has built up great reserve strength through the accumulation of a foreign trade balance larger in ou1 favor than at any previous period in our history Europe's money mar 7rets are rapidly assuming a nornal phase In the Mexican situation we have possibilities that do not wear entirely encouraging aspects but there is never a position that is entirely free of blemishes. The outlook, how ever, in general. is more hopeful thar in a long time. and when the holiday influences have wholly passed away we shall doubtless have developed certain investment trends which next week may permit specific discussions of properties and Influences to some
 utility
 Another gratifying omen for busin ess prosperity is the clarion note issued in DunFs Review of January 3rd whicf says in part
 .sAt the opening of the new year il
 Is gratifying to note that 1913 was the most successful year from an agricuI ttraI standpoint that this country has ever experienced Notwitlstandins adverse climatic conditions, the tota yteId of wheat surpassed all former records and while the corn crop fel considerably below the banner pro. auction of the preceding year, higher 7rfces more than compensated for any soss in output. Consequently, the vsLlu, of the nations farm products reached
 congratulated totals, while the expor --ads of the United States in those staples touched figures never befor, attained
 Cotton and wool goods mills hay, orders booked that will keep machin
 ery well employed for some time t, come and there is prospect of stead,
 employment if labor troubles do no