The Bridgeport evening farmer., 1914-11-16
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL W0RLD 3

| New OIk, NOV IO.--Ia1S WSOk C440 1 new Boston & Maine trustees will make a careful inspection trip over 1 the Hampden -r.ailroad. There Is good reason to believe that in the not dis l ta.nt future Boston & Maine will take over the Hampden, though it may be
 run at. the start under an operating I agreement Whatever the particular
 plan adopted, it is understood that Boston & Maine will shoulder the 1 Hampden ,and that as a result the $4 .O0o.000 litigation in the Massachu- sets superior court will end. In the meantime, however. court proceedings
 in this big suit for breach of contract ! are progressing under regular proced- 1 ure. The Hanpdem has filed its dec
 Iaration against the Boston & Maine | in which allegations are made that it. without right and in violation of
 agreement refuses to carry out a
 lease of the plaintiff road or to sub l init such lease for approval of the Massachusetts Public Service Corpor- ation.
 The three New England railroads 1 New Haven, Boston & Maine and Bos- l ton & A1bany-during the fiscal year ended June 30 last jointly transported 1 58, ,e67, ,661 tons of freight, a. decrease of l 2 403 327 tons from the 1913 total. Of | the s, 900, GOO tons carried New Eng
 land accounted flor M,996 S28; Boston 6 Maine 24, ,T52, ,s84, and Boston & AIa | l by far the largest single item of freight tonnage, the proportion Of the
 New Haven being 26. Boston 6
 Maine 2p. 40 and Boston 6 Albany 26.49 l per cent.
 WilIett & Gray state that stocks of
 sugar in France on October 1 were I reduced to 1o4,O0O tons, against 210, GOO I tons on August 1. The 60.000 tons of refined sugar which have been bought
 here during the last. two weeks is. for
 shipment from now to December b l The 100000 tons which France usually i obtains from her colonies is not avail liable until next March, and when re- ceiyed has largely been refined for ex- | port to other countries. The next re- l ceipfs however, will probably be re- taired for home consumpt ton. central Railroad Of New Jersey re- l covered somewhat in September from
 the poor July-August earnings. In l those two months, during one of which commerce was prostrated by the eff fleets of the war, the roads surplus
 after charges decreased nearly s4OO.-# l O00. In September Az per cent. of this 1 loss was made up, leaving decrease lin surplus after charges and taxes of l $228, 535 for the first quarter. October l was a month of stationary earnings
 with a probable small increase after l charges and, taxes, through reduced I expense Maintenance was reduced 1 $63. 600 or 8 per cent. in September. 1 making a. maintenance reduction of 1 $4S, GOO for the first quarter of the cur
 rent fiscal year.
 l The New England Oil Fuel Go has declared a dividend of g share,
 making a total of 12 per cent. which 1 this small company has distributed to it's stockholders this year New Eng land Fuel Oil Co. was organized about I three years ago by Boston interests
 and in January of this year it began fproducing Tn April a 50 per cent.
 cash dividend was paid, and in May another one of 50 per cent
 CT. L. Watson & Co.) I Prices of all securities in which i trading is permitted have been rising.
 The demand for bonds has been so l good that some of the big bond houses are increasing the supply on l their shelves All this reflects the pressure of capital banked-up during
 the closure of the New York Stock
 Exchange Half a billion of money i is estimated to be accommodating at
 the West as the result of big grain
 crops and high prices. And winter 1 wheat, with an enlarged acreage, is going into the ground under cofdf- I tions as favorable as last year s- start.
 Reduced planting of cotton in 1915
 will probably level the joint crops of the two years to figures that will not exceed the two years consumptive
 needs. Help to general business is
 foreshadowed by the low basis-4 1-4 per cent.-at which bankers accept ances of commercial paper, available
 for Federal Reserve rediscounts, have
 been sold.