The Bridgeport evening farmer., 1914-05-07
IN FINANCIAL CIRCLES

New York, May 7.-The death of George F. Baer will in all probability lead to the election of separate presi- dents for the Reading Company, Phil adeIphia. & Reading Railway and the PhiIadelphta & Reading Coal & Iron Company. George F. Baker and Ed ward T. Stotesbury are on the boards of all the Reading companies, and may be said to be the dominating fig ureS of the property. It is believed by persons in close touch with the controlling directors that Theodore yoorhees will be chosen as president of the Philadelphia & Reading Rail way, and that w J. Richards will be elected president of the Philadelphia & Reading Coal & Iron Cornpany William R. Taylor is prominently mentioned as probable president of the Reading Company.
 Not twithstanding last winter was the
 worst experienced in northern Maine in many years the Bangor & Aroos- took Railroad was able to emerge from the period with March gross i earnings substantially ahead of the same month last yeaf-S To the first of March there was a deficit before dividends amounting to $56, 784, due to the enormous fan of snow and cQnse- quent Interruption to service. Thanks to the betterment in March the road will be able to report s7O.oo0 earned on it's stock up to the beginning of the current quarter 9EKerything con Ssidered. the road has a bright out look for a. comfortable margin of earnings for the year above per cent dividend requirements, which amount to something less than $1OO, 900.
 The Boston Elevated Co. has peti- toned the Public Service Commission for approval of ans issue of s1, 900. 900 negotiable bonds, the proceeds to pro- vide for construction and equipment, funding floating debt, fo1, purchase of real and personal estate and for the payment of debts.
 Although the original stock held by the American Tobacco Company in the Imperial Tobacco Company has been distributed among American To- bacco common stockholders, the lat ter company will show in it's report for the present year approximately $500, ,000 from its original investment in the foreign company. On March 3f of this year the Imperial concern distributed a final dividend of 7 .1-2 1913 year This 27 1-2 per cent divi- dend brought the above-Hnentioned amount into the treasury of the American Company.
 Jersey Central Railroad reports
 March gross earnings amounting to 
 year Net after taxes was s521. .146, a decrease of $5O.672. Nine months net taxes was s6, BOP, 25s. q decrease of $2.- o26, ,037s
 Merganthaler Linotype Company. according to it's president, has turned out more machines during the seven months of the present fiscal year than in any corresponding. period in the history of the company. Earnings did not show a. proportionate increase because the company is now manu- Recurring a smaller machine which sells at a lower price than the stand ard type of machine This less ex- pensive machine is being manufac- tured to meet the demand from the rural communities of the country
 Utah Copper Company set a new high record in production in April Accurate figures have not yet been obtained but it is understood that the output aggregated more than 13 900, 900 pounds of copper.
 Otis 1T. Cutler, president of the American Brake S41oe & Foundry Company, and Erwin P. Maynard, president of the Brooklyn Trust Com pany, have been elected directors Of the New York Telephone Company, succeeding the late w. H. Woolverton and T. F. Miller