The Bridgeport evening farmer., 1914-05-13
''MOP" TO CALL FOR ASSESSMENT UPON
 THREE YEAR NOTES
Barron Financial News,

New York, May 13-Missouri Paci- fic will call for deposit of it's three year fi@e per cent. notes with the Union Trust Go. on or before May 2b, at whicl, time 1t will be possible to ascertain from the number of deposlts whether the new plan can be made ef- fectfve It is pointed out that the rotehoIderS have much to gain ana little to41ose by agreeing to an exeen- sion for one year at an increased rate of interests provided they can .oe ass- ss,ired, as they will be, that in any contempIated readjustment of the roads funded obligations, they will receive satisfactory equivalent for their par value, plus interest Ihe rate of interest on the extended notes will be increased from five to six per cent per annun, and in addition. 1T it should eventually become necessary to foreclose on the coIlateral, the ex- tended notes would be in position to lew against $3, 000, ,00o additional Iron Mountain six per cent bonds Wn1c will be added to the present collateral to- stsweeten the security behind the extended notes.
 wall Street believes that Northern Pacific directors have practically com pleted plans for the creation or 8 blanket refunding mortgage w41ich n will provide for the road 8 needs tor some time to come, and a formal am nouncement is expected in the near future. A special meeting of stock holders will be necessary to authorize the mortgage. It is generally believ- ed that the Northern Pacific will not sell more than $25.600,000 bonds ura-- der the mortgage now. The gSI ., 0oS T 1000 six per cent. notes maturing July g. will be taken care of out of this sale. $
 Ray Consolidated Copper CO re- ports operating profits for the quarter ended March 31 of s913. .e04, Including earnings from the Ray & Gila Valley Railroad This compares with $6 s. Sl75 for the corresponding quarter of the preceding year
 At a recent special meeting or Fe- Waygood & Go. of London stockhold- CTS ratified an agreement between the company and the Otis E1evatpr Co. sLtda of London by which thes firms will be merged into a new cornpany which will be known as Waygood- Otis Limited. The agreement provides for a capitaIization of $25o,000 shares of common stock and 50,000 preferred with par value Of o5. The w aygood co. now holds 15 0, 900 shares Of com mon and 15O, ,000 shares of preferred stock After this has been exchanged there will remain 100000 shares of common stock The Otis Elevator Co. sIatd of London was the Hing agent for the Otis E1evat or So-ss or IN CIV Je seys in the Britis sh Fsr pIre. except Cam ada and had excIusive rights in he sale of all products of the American company.
 To introduce it's product and keep the consumer interested in the com pany, a new York cigarette company has sent d Corps of saIesmen into sthe |shnanciak dfstrict Each purchaser Of 500, cigarettes is given q bonus Of share of stock with par value of $ Q. This is also the market value ofstIle distrfbute s100.000 par value of: its stock in this way.
 Changes in the executive staff of the Dominion Steel Corporation will be made, it is expected. following t he annual meeting. It is understood that J IF. Plunmer will resign. and that a mar, with more practical experience in the steel industry will be selected as his successor.