The Bridgeport evening farmer., 1914-03-04
IN FINANCIAL CIRCLES

New York, March 4AThe volume Of. business transacted on the New York Stock Exchange in February showed 1 a substantial falling off from the Jan
 uary total, amounting to 6,2S5s179. shares, a decrease of $500, ,568 shares:
 Sales for February, 1913, were 6,645, ,s80
 shares and for the same month of 1912 l 2, ,018, ,799 shares. Owing to the fact that
 there were but 9 business days in the
 month the daily average of sales made
 a fairly respectab1e showing as com
 pared with the two or three preceding
 months. Bond transactions in Febru- ary amounted to $69, ,595. 900. a falling off of SIS, ,719, 500 the preceding month,
 but were $14,061, 900 larger than in l April 1913, which. showed the largest fdurings the past two months totalIed
 $157, 911, 800 which is SIS, 122, 500 in -ex-
 cess of the combined sales of January February and March 1913, and larger
 than the last four months of the same lyear by $3, 491. 500.
 New York CentraPs January earn ings were admittedly poor, but it is Esofne consolation to the management that the loss in net was not So much greater than the loss in gross as has been the case recently. This indicates that a better control has been estalb- 1ished over operating expenses: but l whether that has been accomplished sfby reducing maintenance charges re- mains to be seen- January gross earn iings fell off s, 0S3. .s75 as against a, sim liar Joss !. of s1,161, ,457 for all lines in I December The January loss in net latter taxes was $3,654, 1ks as compared win $3,OS7,741 in December.
 During February there were 6S7 stock companies incorporated in New York state, having a total capitalize ton of $26.2h,O ,O00 as compared with SS5 companies chartered during sJanu- lary, with aggregate capital of sSS,- l614, ,0Oo
 Despite the fact that Central Leather Go. did a somewhat smaller business lin 1913 than in 1s12 the actual finan- icia1 condition of the corporation at the Ic1ose of the last year showed greater lstrength, current assets exceeding all liabilities except capital stock by $17,- lO9S, ,291 as against $14, ,637 at the close lof 1912 and $8, 799. .S22 in 1911., The com Ipany had total working capital on De lcernber 31, last of $52, $40. .422 including cash of $1,T7, ,227. It is one of the few corporations. which for the past two years has had mSney to lend IT the public market. It's only floating Nl debt consists of current monthly ac- counts.
 Atlantic Coast Line R. R. finds it. self unable to do financing at present
 under the only open mortgage it has lbecause the interest for bonds of that
 mortgage is limited to per cent. The company therefore has called a spe
 ciaI meeting of stockholders to an-
 thorize new mortgage under wl1icf , the rates of interest on successive is ' sues can be fixed by the directors It 5, present s2O0, ,000. GOO unified mortgage 3 under which only $9, ,667, 900 bonds ar, outstanding, and approximately $15 700, 900 are in the treasury, is to b,
 closed and more bonds issuet
 lthereunder.
 New Haven's January gross earnings . ltotalled $4,867, ,113, against $5, AS, 49s fo fthe same month a year ago. Net af | ter taxes was $447 837, against S8O0, ,O3s For seven months to the end of Jan 1ary the gross was $39 989 993, agains . $41 323, STA The net amounted to S9 . 364, ,662, compared with $12, ,862, ,945.
 Missouri Pacific reports Januar
 gross earnings of $4, STA 821, a decreas
 of $25O, SIT. Net was $1,217.324, an Tn
 crease of $4, 922.