The Bridgeport evening farmer., 1914-12-10
.NE9 TURK EXT E.tT
 REVIEWS S1TUATIO..
 IN F.NANCIAL V 0RLD

Barron Financial News Service.) ? New York, Dec 1o-The leading rail road and industrial corporations of the
 Jn1ted States must, during the next three years, prepare for the meet ing of maturing obligations to the ex- tent of over one billion dollars Bring ing this gigantic task nearer to hand it develops that more than one-half of this amount falls due during 1915 Careful compilation, in which all debts exceeding $200, GOO are considered, shows that $1, ,241, ,573 596 must be cared for up to the end of 1917. The amount ma
 turing during 1915 totals $764 4424,2 2S9- 1 The knowledge that such a large
 amount of maturities must be cared
 for during the coming year has set corporation officials hard at work in
 an endeavor to reach some plan for refinancfng. This is particularly true
 with the railroad companies whose
 fate in the east as regards increased rates is yet to be decided by the
 Interstate Commerce Commission Of next years maturities nearly dfty-six million dollars must be arranged for. mately forty million dollars is made I up of expiring railroad notes.
 i Present indicationse point to gross sales of thirty-two million dollars by 1.-the Westinghouse Electric & Manu- { featuring Co. for it's fiscal year to end
 March S1, next. Up to December l.,
 the company booked orders at the rate
 of about seventy-hve per cent of those
 received during the corresponding eight months of the preceding fiscal period which was the largest in the
 company's history. The company's S foreign subsidiaries have been ex-s i tre1ne1y fortunate. The British W est inghouse company for instance is oPer-' ating at full capacity while the French l company is running about TO per cent.
 irf7xk iaI Hal jar subsidiary is also running at capacity
 mainly on electric locomotives for the
 Italian government which will take tabout a year to complete.
 The copper market this week has
 been materially affected by the inabil- sity to get into direct wire communiea- ] tion with the brass manufacturers of
 the Connecticut Va1ley.f fs It has re- 3su1ted in Q, slight reduction in the
 price for electrolytic so far as nearby. delivery is concerned. Future deliv- sery. however, continues to command 1S cents a pounds@ The export situation has not Improved. chiefly by reason 1 of the fact that Great Britain has not yet seen it to reply to the protests lof the American state department ports to neutral European countries. 1 New financing by the Consolidated
 Gas Company has taken complete form. in the announcement that $25, ,000, ,000 | or new SIX per cent. Q0DenIuT0Ss VIII l be offered to stockholders at par for subscription to the extent of % per
 cent. of their present holdings. Pay
 ment must be made in full or at ex- tended periods.
 International credits have become a
 most interesting topic in Wall Street. 1 It is learned that Germany has ar
 ranged in this country credits for the
 purchase of supplies, while 1t is also
 intimated that g. German loan will be fsought here in. the near future Co., ! Incidentally with this information comes statement that the gold fund
 committee has arranged with the Bank
 of England and the Bank of France
 to furnish it with immediate credit
 pending a, call upon subscribing banks flor outstanding contributions to the
 $10o, 900, GOO gold fund. The gold com tnittee has so far called upon subscrib- ing banks for 25 per cent. of thetr sub
 scriptionse and only. $1o. GOO. GOO of this lgo1d has up to the present time been
 shipped to Canada leaving about SIS, . i 100000 still on hand.