The Bridgeport evening farmer., 1914-03-16
IN FINANCIAL CIRCLES

New York, March 16-The bank statement was favorable. showing an increase of over $5.0o0.O00 in the sur plus reserve of the clearing house members. This resulted from a de- crease of over $7, 7,000, 600 in loans and an increase Of over s6. 100000 in cash 5hoIdings. Deposits decreased nearly $6, 900, GOO. A comparison of the actual with the average statement indicates that loans were called sharply towards the close of the week, which was re- sponsibIe for the large increase in cash holdings. From the statement 1t would appear that money rates should hold fairly easy during the early part of the week.
 The so-called ..soft Coal Trust. has been ordered to dissolve by the IT, s. District Court at Columbus, Ohio This order follows the opinion of the court last December along similar lines This opinion held that the joint ownership of c. & O. and Lake Shore in the KanaWha 6 Michigan was in viola
 ton of the Sherman law and that the interests of the Rocking Valley c.
 & o. and Lake Shore in the Sunday Creek Coal Co.,, were also illegal. The railroads now have the choice of dis solving or taking an appeal to the
 United States Supreme Court.
 l Like the Adams Express Go, Wells Fargo 6 CO, announce through Presi- dent B. D. Caldwell that this concern
 which is the pioneer express company Iof the country, will continue in bllsi- ness. President Caldwell in an off,
 cial statement, said that a years ex- perience since the installation of the Parcel Post, has demonstrated that express service is an absolute neces- sity to the business interests of the country. He said, 'fWe are encourag- l ed to believe that the commercial in- terests of the country for whom more ra- carried, will support our efforts to continue vital agency of transporta- ton which has not been, and we do not believe ever can be. furnished In Icorresponding adequacy by any other medium
 Carolina Chemicals directors meet within the next fortnight the regula- quarterly dividend on the preferred stock will be declared. The directors will mot consider declaration of com
 mon dividends until they meet in July
 when they will have the returns for
 the fiscal year. It Is believed that
 their action on the common stock will
 depend on the companys showing dur i ing March, April and May which are
 the Ehree crucial months in the con1-
 pany's year when fertilizer is in the jgreatest demand Stockholders ex-
 pect from the showing to date that
 the present fiscal year will be the most
 satisfactory Of the last four years. 1 Fitchburgh Railroad Co. whose pro- posed 20-year bond issue of s$7 ,s72 ,O0G has been approved by the Massaciu- tsetts Public Service Commission and 1 will later be acted upon by the New 1 York Public Service Commission has dec1ared the regular quarterly diyi- idend of 1 1-4 per cent. on its prefer
 red stock. Of the new issue of bonds
 it is proposed to use $5OO,0 600 for re- funding purposes. The sreTnaindea l will go to the Boston & Maine to I pay sums advanced ito the Fftchbure
 for construction purposes.
 E Vice-Rresident GIarencs1 As. .sLud1um | announces that-the Home Insurance Co has assumed the entire business
 of the Hfberpia Insurance Go, of New Orleans This is fire company
 which has about SIG. 0Oo, 900 of risks out standing confined wholly to Louisiana The Hibernia. had surplus to policy