The Bridgeport evening farmer., 1914-06-13
WILL REORGANlzE
 EMBARRASSMENT
(Barron FYnancial News.l

New York, June 13-Reorganiza plans for the Frisco and Chicago & Eastern Illinois systems are now in tangible form and will proceed under first and refunding mortgage 4 per cent. bondhoIders. who will seek a foreclosure under their mortgage and reorganization of the Chicago and Eastern Illinois will proceed under the direction of the Chicago and Eastern Illinois first and refundings mortgage a0ondholders committee, who will seek foreclosure with interests in both propositions.
 The default on both the Frisco and the Chicago and Eastern Illinois will come about July 1, after which fore closure steps can be taken. This will provide the quickest way for reorgan- ization- In the case of the Frisco, the July 1 interest on the first and re- funding As. amounting to about $1.- s71, 900, will be advanced to those who deposit their bonds. No interest will be advanced to holders of the Chicago and Eastern Illinois refunding bonds. The reorganization of the Chicago and Eastern Illinois is expected to be ef- fected more rapidly than that of the
 Frisco.
 That retrenchment by the vari ous large railroads of the country has not been as far-reaching as recent state- nent indicated is shown by reports on the number of men employed by some of these corporations in comparison with last years figures. Chesapeake & Ohio. for instance employs practi- ca11y as many men as a year ago. Delaware & Hudson's force of work men shows but a negligible decrease. approximately 1-2 of per cent Della ware. Lackawanna & Western has practically the same number of work CTS, which Is also the case with the Central Railroad of New Jersey, Chi cago 6 Northwestern and Omaha and Bangor & Aroostook.
 Cash dividend declarations by the separated Standard Oil companies to be paid in the first half of 1914, which are undoubtedly all that will be paid in the first six months, aggregated $54,1SS4S26, as compared with $31,- 7SS, ,167 in the same period of 1918, exclusive Of a. $S9, 1885, ,352 special dis trfbS1tion by the Standard Oil company of New Jersey, so that there was an increase in, dividends for the first six months of this year of 2,40O. .00O, ex- c1udfng the extra New Jersey dfvi- dend- For the last half of 1913, divi- dends aggregated S6,67OsS42, an in crease of $2,481,0 ,016 over the first half of the current year
 Although in some cases dividend rates show reduction as compared with those of 1913, this was more than offset by payments of companies which increased their capital since the first six months of 1913, and some increases in dividend rates by certain compa- ndes. The decrease in dividends as compared with those of the last half of 1918 ts explained by the fact that many of the companies, after enjoying a very profitable year, decided to re- ward shareholders with big extra dividends
 (Henry Crews.)
 The outlook for stocks fayors a further hardening of values, 4nnprov- ing political conditions, prospects of a favorable rate decision, certainty of moderate ease in money, in augura- ton of the new banking system, en- couraging harvest prospects and the strong technical condition of the se- curity market are all in favor of bet ter prices.
 The principal offsets at the moment are heavy gold exports and temporary postponement of the rate decision. The situation abroad has been materially improved by liquidation and gold tm- ports from the United States. At the moment there is no serious uncertain ty except Mexico Something unex- but the unshrinlxing determination of the government thus far to refrain from actual hosti1itieS is reassuring.
 We must accustom ourselves to un- rest in Mexico, and leave that coun- try to work out it's own salvation; con- hning ourselves to offering whatever advice or assistance may prove ac- csptab1e to that unfortunate country Mexico is a nation of wonderful re- sources and will undoubtedly enjoy a period of great prosperity when the present difficulties have been adjusted
 Meanwhile, our true policy should be one of disinterested Friendship, and not one of interference.
 RanIra7-s Make NMor