The Bridgeport evening farmer., 1914-05-02
April Earnings Of
 New Haven To Show An Increase

BARRON FINANCIAL NEWS.
 New York. May 2-New Haven. earn ings for March will be. publish heds in a few days. Chairnan Elliotts esti- mate nlaue at the recent speciaE meet ing of stockholders of an increase in net earnings before the deduction of taxes Of about $150.000 over March 1913, was within s25,000 of the actual figure. Freight earnings decreased somewhat more than was estlrnated' but the final net before taxes increas- ed $215 GOO over the corresponding month ayear ago. The gain in su-- plus after charges was more than $125, ,000. - Cross earnings in April promise to be somewhat larger than a. year ago. land if so, it will be notable as being the first month to show an increase since President Elliott assumed the presidency. of the road. A gain of S50,000 between April 1 and April 15 was reported.
 March was the first month to show g gain in net after taxes, and the April increase should be larger than that of March Another letter will be senf to stockholders by Chairman Elliott in the near future containing the re- suits of the vote at the special meet holders take a large share in appeals for justice for the railroads.
 It is understood that the quarterly dividend of 2 1-2 per cent just declar- ed on the common stock of the Ameri- can Radiator Co., an increase of 1-2 of per cent. quarterly. may be re- garded as placing the stock on a permanent 10 per cent. basis and will not necessarily affect extra disburse- ments usually made at the end of the fiscal year. Directors of the American Writing Paper Go. are scheduled to hold an executive meeting in Ho1yoke, Mass, the appointment Of Charles C. Hast fngs as new president of the company, 1 to succeed N. w. Caldwell, resigned
 Erie Railroad did gross business ] Of S4, 981 900 in March, against $4,894, GOO in March, 1913, but surplus af and miscellaneous items amount ed to only $75, GOO. against: $1 s4s5, ,0O0 in March 1913. The 4 decrease in surplus was l $1. 561. GOO, or just enough short of 10t Eper cent to save the months opera tions from showing red.'.
 [ Now that the long predicted decline l in Pennsylvania Crude Oil from s2.5t
 has become a fact, oil prophets are lforecastiI1g a continuation of the ldownward trend from the present price lof g a barrel and say that S1.75 vii
 be quoted before the turn is made.
 
 titles of Pennsylvania crude were purchased from g up to $z5O and
 stored. When the latter price was reached and was held steady for SC
 many months the storing was con
 tinued on the theory that the price
 would go even higher. This reserve
 was made against a time when gen. leral conditions for the refined pro Idudt would improve; but the expected
 inprovsn1enf did not mat eriaIize, and ithere was an inevitable collapse. It is reported that the American ITeIephone & Telegraph Co. will take lover the six wires between Chicago &
 Milwaukee heretofore operated by tfe
 Chicago & Milwaukee Telegraph Go
 The latter company is winding UT
 it's affairs.
 sSS (Henry Clews.)
 Values on the Stock Exchange have largely discounted conditions; ane many weak spots having been thor loughIy eliminated, there is lftsls sE chance for further liquidation Stocks
 have literally been well sold out. 4 iconsiderable short interest exists; ane T,