The Bridgeport evening farmer., 1914-04-22
M FINANCIAL CIRCLES

New York. April z2--Tshe Anaconda copnsr A1ini1fk CD. has offered to pur- chase all of the assets and business of the international smeIting & Re- .4r,s<S ca and to exchange it's stock for the stock of the International Co- onf the bssis Of 3s shares of Anaconoa fur one share of 1nternaf1onaA. up0n condition that the, international co. win ffurnediazs1y call a special meet szta of stockholders to take acclon, urou the proposal to sell its assets fo the Anaconda CO and 1iquidats
 Sale of the Atlanta, Blrmingn am 6 Atlantic. the Gecrg4a Terminal Go. and 4T,a AIa1barna Termina1 co. shortly will mark the closing chapter of the pro- traatsd recelvershfp of these proper ties operated under the guidance or the courts since January, 1909. Unless some eleventh hour delay crrns up, will 20 through The reorganization of view of security holders, was made necessary by the conditions and by the desire to have the new company. for which the name Georgia, Alabama G western is suggested by the commit tee. start it's finances on a sound pa sfs The fixed charges of the new company will be but $419.900 annual 1y The extent of the sealing down of capitalization Is indicated by the fact that the road in the current year
 
 charges on the new basis. and leave balance equal to over five per Dent. on the proposed s3,2O00o0 five per cent. non-cumu1atiye preferred stock In ether words, the new company will begin operations earning it's full pre- 9erred stock dividend requirerd ents-
 The Michigan Railway Comrnission Is hearing testimony to determine the reasonableness of an increase in class and comrnodity rates Of 5 per cent on znterstafe business in Michigan Rail- roads operating in the state have re- quested the advance
 That there will be other eIdrninatlOms from the ranks of the express conn panies. following the liquidation of the United States Express Co, is the be- lief of close observers of changes slow 1x working in the express transpor- Transportation men profess to see a growing tendency in the direction oi the unfHcatfon of the express business of the country, eventually under one company Already a much closer re- latfonship with respect to traffic and transportation practices exists be tween the several companies. by req son of the large number Of 5ofnt of Eices and other services which have been established. Complete unihca- ton would. 1t is said, result in great CT economy in practically all divisions Of fast package transportation, par. ticular1y in terminal service and in creased efficiency by simplifying prac. fices and eliminating inter changes | would also mean, according to som. transportation experts, a .concentras ta0n Of competitive effort on bushes, over eleven pounds, leaving the les than eleven pound business to the par eel post. where, according to thes experts, under the changed condf lions 1t properly belongs
 For the quarter ended March 31. Cen 2ra1 Leather Co., reported a surp1u available for common dividend amounting to $ss5, 5,e50 an increase o S1s2z7 American Hide & Leathe net earnings for the quarter ende, March s1 were s147,z45. against s45, D43 a year ago. Surplus total1ed $156, E1. as compared with $296,7ss in 191;