The Bridgeport evening farmer., 1914-05-16
COPPERS SHOWING UNEXPECTEDLY POOR
(Baxron Financial News.)

NA1A4x0A F 1A6411kM81 N GWSs1
 New York. May 16-The AmaIga-
 mated Copper annual report made an unexpectedly poor showing. The oper- ations for the year after the payment of dividends entad1ed a deficit of $361.- 800, whereas Wall street followers of the company looked for surplus of at least $500, 900. The company re- ceived in dividends from the Anacon- da Co. alone $s.475. 900. and from the International Smelfing & Refining Go approximately $35O,N0o. These Items combined. represent an amount suffi- c1ent to pay the Amalganated per cent dividend, and and leave a. surplus of more than s50o,ooO besides. The deficit reported. therefore, was un- looked for. by the Street.
 Ofhcial figures compiled by the; In terstate Commerce Commission show that, as of January last. 3 per cent of practically the entire passen ger ser vice Of the country was protected by block signals, either automatic or hand-control. The statistics cover to- tai trackage of 214 4,071s of which 113,- 309 was thus protected-44, ,461 miles
 by automatic block signals, and :68,- 34S non automatic. This protected trackage was on 86,736 miles of road, compared with aggregate miles of passenger line of 1855, 986. Tn the SIS calendar year there was an increase of 4,350 miles in the length of the road OpeEaIGd 1QY the @4uIOInAL1C sD1OCkz SyS-= tenn, and a decrease of Il 563 miles of non-automatic system. Modern stand ards are demanding the change from the hand control to the automatic as rapidly as possible, except where traf- fic is very light.
 Chesapeake & Ohio made profit of $28 a share by the sale Of it's 40, ,297 shares of Kanaawha & Michigan stock to the Lake Shore, and incidentally it has cleared it's decks of federal 1iti- gations Tn addition to ordering the c. & O. to dispose of it's half interest in Kanawi1a, the u $. Circuit court decreed that Hooking Valley should sell it's Sunday Creek stock. and gave the railway sixty days to comply. This time has been extended to October 5. l
 The $35,000,000 Baltimore & Ohio | one-year 1-2 per cent notes offered by a New York banking syndicate to- day. were quickly taken up. The is- | sue was offered at 100 net and sub scription books were closed in quick | time as the notes were largely over-I | subscribed. The issue Is secured by | pledge of $32.ooo,oo Baltimore & Ohio-C Chicago Terminal Railroad, first | per cent bonds due 1860; and 80. 00o | stock, S0,00o shares Reading second preferred. and s0.oo0 shares of Read ing common stock, with privilege of | substitution under limitations to be l stated Tn the LruSl 1nd0nTureS. zsl |
 The Guaranty Trust will not pay the interest due May 5 on the $1,90o.-i 900 collateral trust 5 per cent bonds | of the Wilkes-Barre & Hazelton rail- road. In lieu of interest, the com pany is asking bondholders to sur render their May 15 certificates tog-I ether with certificates through to No-.i vember 15, 1916. In return the com psny will issue ;non-interest bearing | certificates for the different coupons when they become due,
 The company owns the entire $1,-l 50O.O0O stock and $1.500. 900 first | mortgage 5 per cent bonds of the wilkes-Barre & Hazelton Railway. | which securities have been deposited l as part collateral for the bonds on | which the interest has ust bjeen de-i fauIted. The railroad company owns | a large majority of the $1,000. 00oo | capital stock of the Lehigh Traction | Co.,.
 {Henry CIews.