The Bridgeport evening farmer., 1914-05-23
BE TIER BUSINESS
 IS EXPECTE SOON
Steel Conpany's Head Relieves Depression Has Reached
 Its Limit.
RA ERx,a al. EEsIcyANCIAIsss NEWS,

New york May 23-J anes A Farrell; president of the United States Steel lCorp0raaion, who has just returnea from Europe expresses the folIowing Irvievs on business codditions abroad < issThere are indications that business I Ithroughout the world Is gradually Eenersing from an unsatisfactcry con- Idstion. and that commercial confidence is being re- established. All of the European countries are making stTen-. l1Fous efrorts to increase their export trade in every branch Of industry. withst ta1lding the apathetic con E: I ditfona of the markets of the world Great Britain 's exports show an in crease. and Germany's commercial in dIstry. supported by the great re- sources of the empire Eovernne enta1 | and private, are .perfecting their ex ? port orsanizatin for the purpose oG ldeyelopins trade pussfDi Ii ties z MT. Farrell is satisfied that the reH 1ce1at era Of depression is a& an endsS ana he looks for revival in business 1not only in Europe hut at home. Steel and iron prices abroad compare fa-s
 vorab1y with those in this country l Unless the Missouri Pacific note ex- Itension plan IS successful, there ap-1 pears to be nothing In sight bs1E q Ireceavership. dnasnauc1a as no bank isers have as yet come forward with
 assurances that the undeposited notes will be paid off Tt is possible that
 
 1 ora w ith cash to Tide tho company over l the mergency. Strentaous efforts are, being made 10 avoid receiverships all though there are so1ne Inter ssts who
 re ad' 's nnancIal structure cannot be
 brought about Satisfactorily in aray l other way.
 The south Penn oil co. has declared. 1 fn addition to the regular auarterlys 1 s3 dividend an extra dfsburs ennellt CT xzS 4 record June 12 Fer the preceding 1 two azxar ters the company also de- Ic1ared s and S2 extra $
 TotaI dividend and intexest disbuxsess xnarfts for June are estiznated af $10o saI 1 900: opo. to the preaent tixne div1S < Ebv New York City banIxs nd trust leon1 panies and the various corpOrAs 4 l tio1ss Of the United States asgreGateI ZIG. .5s8. SIS Interest payable Tn June on }the8 bona<s iiroadz zs dn dust and fhose of catfes, sta tesn ana coaln<iesI lin tae ftad Sta, les. and tha sSvern- m erat debt, fotaI1ed $68, $25 6Ss The grand tokal Of bonds of eveHy class out anxd1ng upon Watch znEsreEt dAs
 ssg E 5sss ls Z ss S7s ;sss ss ss v|. s l tots car pieal Il Ea tion Of $zs 8oSs 8e6. 1ez. 9tead{1y dec1izinE gross earnings of the past twelve months have brou gll q the railroads or ths country faca tus face with the nscessits of curl linss many small economies have been put in to efrect. As 4 u exanpIe cf tp what lengths some of the rossds havs gone lthe Esrie has dectded thst whiIes car
 ,',tSs aa1st ,s s ssa ssat n9w gssnins aae
 would not sericusly interfere with the health or comfort of passengerH l The Pennay lvaxia man az snlent has always been proud of the way dt Hays ballast with lts sisaEp cut saiouia er cornpany $1o per mil 2 per year to pEo-s duce this na.tty effect and the znssu-s agan1enf Is poSketins it's pride.
 YA source af saving that a great many roads recently have gone fnto thor- oughly is the curt il1nerlt qf passeza -
 ger train service Trains found not to be essential have been disconti in- ued. and m some dnstanfea two or more trains have been cNfi1hf ned 1zztH lone. In addition roads have delayed
 pu tting sunarner achedules into ef- feet and in the case of or1e road che summer scfedule may not be putt in at all. trains to be added only when necessity demands.
 HENRY CTHWE 6 CO me prepond atir Influences favcr a. better market Some distua' p1nE Tn -
 &1t& ' Fl counted, and in many eases there IS an arnelforation Of conditions whsch justifes more hopeful views reGardzng the future Cheap money and good crops are almost Irresistible cr'eators |o of optimism Their principal offsets ar the Mexican troubles and a con lfnsed poIlticaI outlook
 Tt isl difficult to predict which set Of irf1uenees will gain control. Shou1d the latter diminish in intensity we al e sure to witness a revival In conn - dence and with tt more activity i'm business and a better tone in the in vestment n1arkets The Mexican ont- look and the foreign situation, hows
 ever. require close watching