The Bridgeport evening farmer., 1914-04-27
MIDDLE WEST TAKES.
 RAIL ROADS NOTES.
Saturdays Bank Statement Shows Big Increase In Cash
 Holdings

New York, April 27.-StoC1hoIder CTS and bondhoIderss organization com
 mittee Of the Kansas City, Mexico &
 Orient railroad are pushing subscrip-
 ticns to the $5,5oo,0o0 two year, six per cent notes preparatory to asking
 Judge Pollock to set the date for the. sale of the property. Kansas City, St Louis & Detroit investors are ex- pected to subscribe to around s1. 250. z GOO of the issue. Approxinatef $s,1 COG, GOO have been taken by English
 investors The proceeds of the sale
 will be used to pay off the 2,142 0004 receivers certificates due July l, to meet certain preferred claimsss and other claims Edward D4ckenson re-. cetver, who was formerly vice=presi-5 dent and general manager of the Ori-l eft is mentioned as the choice for the
 presidency. He says the road is earn
 ing something over operating ex-s penses. Probably the first undertal-l ing after the receiVership is q dismissed.
 will be the extension from Wichita to- Kansas City. =
 The Corn Products Refining co.
 earned profits of $1, orr 600 during the
 first quarter of 1914 which is some. what better than the chewing made in the same period Of year ago. A ball. ance of $3So,086 was available for div idends According to officials Of the company however, April earnings will
 show falling off from those Of last year. It was pointed out that the company experienced noticeab1e
 failing off in earnings toward the end
 of March, owing to general business
 depression and that since then condi-. tions have grown worse. The com pany has just closed down one of it's, plants. while the other three are be-
 ing operated at onIy 75 per cent ca pacitx. as <
 According to the Department of Az. ricuiture at Washington. the huge to-
 tai of 851519. 085 gallons of Il lunn lnat-
 ing oil was exported du5ing the nine. months' period ending March 31- This
 compares with IT'S, 427, 128 ga Hons in
 the same period of last year. Fuel oil and resIduum exports totalled 400,
 compared with 2z1,sos se2 last year.
 Twenty nine railroads operating in the United States only, reported gross earnings for the second week of April k at s, 808, ,515, compared with $Ss780s113 in 1913. Thirteen of the roads report ed increases aggregating sz1s, s12 while
 the remaining sixteen reported de-
 creases aInnunting to ss91 510s
 The bank statement Saturday was a
 decidedly favorable one, showin g an
 increase of s12. 2.000OOo in Heash hold
 ings, while surplus reserve increased
 sSs 500 900 Loans increased s69o. 0oa
 CT L. Watson & Co9
 E The markets are now under the dominating influence of the varying phases Of the news from the front-, | Yet we need not ignore the fact that progress is making in the rehabilita- 1 ton of properties which have suffered 1 misfortune in the past year. that with I the settlement of these and other i'm I portant matters the way will be cleared for a better recognition of the l splendid agricultural prospects, of the United States and of the ease of basic monetary conditions The pendulum 1 in the railroad, steel and political sit uation cannot swing indefinitely in l one direction it must some day veer I toward betterment. The market is be- looming more of a trading affair. with opportunities for buying on the weak i spots and realizing profits on moder- l ate rallies. Completion Of 1iquidation l is registered in the long decline in | prices and beneath all surface 6actors I lfe the fund da1nentals of great and | wealthy country. We shall doubtless 1 See In the end a movement similar to ! which a tended the Span | ish war Of 1898. Ishe duty Of today | is to nail the emblem of faith to the f national standard borne by our gal
 lant sailors and soldiers on the Mexi I eanz gulf < 2 =