The Bridgeport evening farmer., 1914-01-06
IN FINANCIAL CIRCLES

New York, Jan. 6---Deve1Oprnents of vital importance are expected to come out of the conferences between How ard Elliott and Attorney General Mo Reynolds. in Washington this week. The matter to receive the closest att tention at these conferences will be the proposed separation of the Boston & Maine. The exact attitude. of the Governn nent toward the road will be disclosed to Mir. Elliott, and it is pre- stunned that the latter will submit plans for areadjustment, which if ac- cepted will obviate the bringing of an antitrust suit by, the Government The election of a successor to, J. F. Morgan on the New Haven board will not receive consideration for the pres sent at least. So. far no names have been mentioned as to filling the va cancy.
 The. late cut in. rubber tire prices has had little effect on the earnings of rubber companies in the past year, for the reason that the, reduced prices did not become effective until Decem- Der 1. The United States Rubber Go. for 1913 will show the largest earnings in it's history. In statement issued for the quarter ended September 30, surplus after salIs. charges and divi- dends was disclosed which was at the rate of $2,4OO,0O0 for a full year.
 International Steam Pump Go. has had a. rather poor year. In the 12 months to September 30 last the com pany showed balance available for. dividends of $215;62S, which was equal to but Is per cent. on the $11,30O,00O preferred stock, against a. balance of $511, ,584 dn the previous year.. The first quarter of the past fiscal year, being the last three months of the calendar year 1912, was a period of very active business, but bookings Rrnt off. As a result the preferred divi- dend was passed early in the year.
 The Fitchburg Railroad has petition ed the Public Service Commission for authority to Issue $1, 950,000 201year. 5 per cent bonds for refunding $500, 900 bonds maturing May l. and to relm- purse :the Boston & Maine for jim provements and additions amounting to $1 ,499, ,639. FE
 It issprobable that the annual re- port of the AnacondaN Mining Co.,, ito be issued about three months hence, will show that the annual dividend of $3 was not earned. A deficit for this company, even though it be small, will doubtless cause surprise because of the higher prices for metal which have ruled over. considerable part of the year. Against the increased revenues from the metal. however, may be placed an increase in miners
 
 is believed that Anaconda'S cost of production last year was much higher than in the preceding year, probably ranging between 10h and 10A cents a pound. Also, considering that out put was about 28,o00.ooO pounds less than in 1912, deficit would have ample explanation.
 In connection with rurnors that the National City Bank is planning to merge wz-h two other institutions and take out, a state charter, officers say that no decision has been reached re- garding the institution's action under the new currency law.
 Chesapeake & Ohio's November gross earnings amounted to $3,017,9S9 against $2.e31,315 in 1912. Net total led $936, ,289 compared with $862, 2,042
 Southern Pacific's annual report for the year ended June 30 shows g. 5 per cent surplus earned for the $272,- 672, ,406 stock outstanding compared with 7.92 per cent. in the preceding year for the same stock. On June 30 the road had 1s.5os.o77 cash on