The Bridgeport evening farmer., 1914-04-16
IN FINANCIAL CIRCLES

(The Barron Financial News Service)
 New York, April 16.-There are in dications that the New Haven in April will report larger earnings than in the came month 3, year ago.s mus far in April loaded car movements are ahead of the same period last year. The only material decrease has been in iron and steel load1ngs. Should the slight gain already record ed zfn the fret half of the month be maintained throughout the road, by reason of more economical operations than were possible last year, should report larger net after taxes than the $1, ,016, 394 of April 191s- The road plans to increase it's maintenance forces in the near future. The heavy work of this. character usually starts the latter part Of April. and the road feels that it would be poor policy to refrain from keeping up the highest possible standard. Despite a loss in gross for eight months ended Febru- ary 28 of $2, 460,000. New Haven in that period increased the maintenance of way expenditures by $500.000. and equipment by s735.OOo. This policy of increasing maintenance regardless of the condition of gross is to be con tinued.
 United States Realty & Improve ment Co. directors have approved over $50 900 of new contracts which the company has taken in the past sixty days. Of these s4,0O0,000 cover subway work and the balance in cIudes the Construction contracts of the George A Fuller Co.
 At a meeting Of directors of the Marconi Co. Of America f4o action was taken on tne dividend. as the execu- tive committee failed to recommend one. Last year 2 per cent was paid The company has only about $2Q00 surplus and the board decided this h. ---~z4 <.-r- gencies.
 Dealers in copper are active, and have sold small lots Of the metal as low as 14 1-2 cents. This price cut ting. and the fact that first hand electrolytic can be readily had at If 5-8 cents a pound. makes the ask ing price of If 3-4c, which is still ad- hered to by several of the larger agencies, a nominal affair. Europe continues to buy some copper from day to day, and there are hand-to- mouth transactions on this side at concessions from the peg price, but the total Of transactions is small. Market observers are beginning to wonder how much longer Europe will support the buying end in view of the apparent steadfast determination of consumers here to. carry the smallest possible stocks.
 The profits of the Steel Company of Canada. for the year ended December 31, 1913, were s1,641, OH. before deduc- tionsi for depreciations and similar funds, an increase of $92,972. The sur plus after all deductions shows an in crease of $34, ,06o. Earnings for the year are at the rate of 4.44 per cent. on the $11, 500, GOO common stock, com pared with 415 per cent. in 1912
 Stockholders of the Liggett & Myers Tobacco Go. have adopted the reso- Iution of directors to increase the capital stock of the company to $44,- 256, 300 by the issuance Of s$7, ,376, 100 preferred stock Over 75 per cent. of the preferred and 90 per cent. of the common stock voted in favor Of this action. The additional preferred stock, to be issued at such time and under such conditions as the direc- tors may detergnfne, will be offered to both common eand preferred holders at par. It is not planned to make any offering before next fall at the ear Hest.
 Gross earnings Of the American Telephone & Telegraph company in the three months ended with March Sa. were $11, ,564. .O03, a gain of $347, TSP oyer the first quarter of last year. Net income amounted to S10, 233. 4s1, an advance of $235 692. A balance of $1,- 292, ,211 was left after fixed charges and dividends were paid