The Bridgeport evening farmer., 1914-07-22
ACTION DECIDED UPON BY
 U. s. AND RAILROAD.
(Barron Financial News.l

New York, July 22-RaiIroad traffic men will follow with interest g. suit to be filed in about month by the government against the lLehigh Valley Railroad to clear up once for all the question of payment of commissions and salaries to firms engaged in the business Of soliciting freight from for eign shippers on behalf of American carriers Conferences have been held: by representatives of the road and Joseph W. FoIk,s attorney for the In terstate Comm cree Commissions, and the suit will be filed as a test case. The suit win take the form of petition for an Injunction to restrain the pay fnent of a certain sum, probably $5s- 900, as commission, and a similar amount as salary by the Lehlgh Val: ley to a Chicago firm in return for ser- vices rendered in soliciting shipments over the Lehigh Valley rails of foreign freight destined for interior points in the United States.
 Steel plates. bars and shapes have been advanced $1 a ton by the Carne- gie Steel company. This is the first .concrete evidence of the material i'm Drovements.s in the steel trade since May L and supplies further encourage rnent that the last half of the present year will prove g very much better period for the steel niiTis than the first half.
 The Imperial Tobacco company of London has declared a dividend at the ate of 5 1-2 per cent per aranlln1 for the half year ended April 30 on the preference shares, 6 per cent. on sthe preferred ordinary shares. 10 per cent on the deferred O ordinary shares,. and a 2 1-2 per cent interim dividend on the deferred ssAg ordinary shares, Gree of income tax
 Edward Starbuck and John l. Will Hams have been appointed receivers of the Stewart Mining company, as- sets in New York state, by Judge Borst h the state supreme court at Saratoga Springs. The application was made by Charles W. Saake and Harry Crock CT Both Williams and Crocker are in the employ of F. A. Heinze and the re.@eivership proceeding is supposed to be merely another step in the light for control of the company between Heinze and John w. ATcKinnon of the Assets Realization company.
 Receiver E. B. Pryor for the Vvabash Railroad company has received court sanction to issue $16.O0O,000 receivers' certificates. redeemable August 1, 1915. Of this amount s15s0O00O0 is to be ex- changed for the present outstanding certihcates which mature August | next. The additional s1.0o0.O0o will Be applied to current requirenaentss
 Although note holders and 1nerchan- dize creditors of the H. B. Claf1in re- organization refuse to. divulge what plan, if any, will be presented to the creditors at the meeting next Friday.t it is known that one of the plans con- templates giving creditors 20 cents in; cash and the balance fin long term notes. The noteholders' committee, Of which James s. Alexander of the Ma tionaI Bank of Commerce. is chair. man. claims to have about $160o0so60 of the $s1, 900 900 outstanding C1aflin notes in hand
 From reliable authority it has been learned that constders.b part of this $76 s000.000 has been placed with the committee only on condition that a naa-' Jorfty of the whole amount Of notes outstanding be secured. There are other indications that the. notehold- CTS committee is experiencing much difficulty in getting the small out-of- town banks to place their notes with it for united action.