The Bridgeport evening farmer., 1914-03-11
IN TN lAClM CIRCLES

New York, March 11.-A list of the fifty largest holders of stock Of the Central Railroad of New Jersey has been compiled, showing that the Iarg- est holder Of stock apart from the Reading CO, w1lich owns 145, ,090 shares of the 274,3 1888 outstanding, or nearly B per cent, is Fahnestock & Co This firm holds about 11,9zO shares, worth at the present market Of 300. about 33. .600, ,o0O George F. Baker owns 5000 shares valued now ar approximately $2,5O0, 900. MT. Baker also owns 77,00o shares of IAckawanna RaiIroad stock, worth about $15. eco. 900, and 10000 shares Of Laciawanna Coal stock, worth at least sl, 5O0. 900. Joseph PnIit- road or New Jersey, and P A. B. Widener 3,200 shares. Fire insurance companies also own a large amount of the holdings.
 The Saoss-Schef1e1d Co is expected to. show about $280,OOO over fixed charges, preferred dividends and de- preciat1oa on dts annual report to be made at the annual meeting next week The working capital at the close of the year is a. little less than that of the previous year. due to~ex- pendftures made out of earnings for iurateds about half a. million dollars, and about s200,00D will be needed to complete the work started last year. The company has 30,00O tons of iron at it's yards. The company made more iron this year than in 1912, but eales were less, which naturally held earn ings down somewhat
 snyet earnings of the Pittsburgh Coal Go. for the year ended December 31 1913, were $s, 421 ,7O8, an increase of preferred stock sVas s2,762.269 equal to 10-07 per cent. earned on the $21,071, 300 preferred stock, on which 70 per cent dividends have accrued against 7-43 per cent. on the same stock last year Profit and loss surplus amounts to s10, ,526 HE $1,372,629 was carried to this account in 1913.
 The United States Steel Corporation reported the amount of untitled ton mage on dts books as of February 23 at 5,O26, 40 tons. an increase of 412, 760 tons over the showing of January 31 and a. decrease of 2,63O, 274 tons as compared with the corresponding month of 1913. The report created a favorable impression in view Of per sistent claims that the steel industry is still suffering acutely from the after efectc of its recent depresison. Up steel men were predicting that the statement would reveal an increase over the January tonnage of no more than 3O0.Doo tons
 To reaS5ure stockholders who have become uneasy over the depressing rtlnors that followed the company's recent announcement of financing of $33, COG, 600 bonds President Stevene of Chesapeake & Ohio issued statement in part as Hollows: At the current rate of earnings c. & O. will earn 2 per cent. upon the stock in the fiscal year ending June 30 next, which will leave a margin of per cent above dividend requirements. Onf. July next Rocking Valley expects to begin construction of it's extension south from Columbus O., to make direct connection with c. G O. main line at Portsmouth, O., a. distance Of about 90 miles This work will take two years to complete and twill be financed sep aratedy. It is expected that c. & o. will derive sufficient coal tonnage from this connection to more than war rant the expenditure" With regard to the $33, ,0O0, GOO note sale MT. Stevene said: With further improvements in the money market in the next two or three yeaFss the company will foe able to sell bonds and thus retire the $33,- GOO. .000snotes and at the same time re heve the company of the agreement with the bankers whereby the road will spend total of $17, ,O00, 600 for inn provements during the life of the notes" MT. Stevene added that ire spective of this agreement the com pany would spend that much tor bet teNpentS-