The Bridgeport evening farmer., 1914-01-28
M FINANCIAL CIRCLES


 New York. Jan. 2s-Persistent re- ports that the Baltimore & Ohio has been selling its treasury Holdings of : Reading, amounting to about 100000 shares of the common stock, have brought forth denials from. officials Df the former company Color mas been given to these reports by the fact that B. & O.. could doubtless sell its Reading at a profit However, the relations of the two roads out side of the proprietary question are cordial Baltimore 6 Ohio's entrance Into New York is over the Central railroad of New Jersey, the Readings
 BrookiEE Razsid 1s< s<ssrisit CsoS hasa notanced an increase in wages of, em- ployes of the Ceney Island & Brook lyu 1inea sH icf it has recently Re- uuiredssx The increase affects about 500 1nshss all sof whoEn are motorHnen ana conductors sts1e @s8
 Deczs1nher<sEress earnings of, Union Pacific amounted te $7A56s576 a. de- creasa of sssss s5z2. Net. tots He'd szs- 1s9.O48 a decrease Of $443,1e1.- ss1 q
 Goody ear Tire &rz Rubber Co., will hold a. meeting on March 3, at which stockholders <Till be asked to author. Ize an. increase in the. preferred stock from $5,D0o, poo to $7 900, 900. and the This plan Involves a common stock diuidend of 20 per cent: sale of $1,500,- cod common sfock at par-to culnffion stockhe1ders. and sale of $2, 00t. 0O0 pre- ferreQ zand $500, 900 common at par to preferred stockholders. This will pro- vide s4sO00B8e new capital The sale Of the stock has been underEzrftten.
 OH7cials of the Corn Products Refn-. f1g ompany deny reports to the erect that the company is seeking tot com-I promise the antitrust suit brought against it by the Department of Jus Hearings ia the eese =ss are scheduled to beg resumed in the near future.
 For the year ended December s1 the Twin City Rapid Transit Co earneds and dividends of $2.72s,56e. an increase of S25.seO-
 The decision of the National City Bank to join the. Federal Reserve sys- tenn disposes of the doubt that has existed since the passage iof the cur-y rency bill in regard to the attitude of this institution on the new meas ure The, National City Bank is the largest banking institution in5the country It has gross deposits. ac- cordi1s toesf11s last report of Sz14, ,s2S,- 009. exceeding by $40 GOO the next largest in the country and by s7o,- poo 900 the next largest in New York cfty s<sI shas a capital of $25, ,000, 900 and a surplus of s25.o0Q. o00.
 Directors of the Pennsylvania Go.
  epf Wood as first sytee-pfesi dent to take effect February l. J. J. Turner has been elected to succeed him as general executive in charge Of the lines west of Pittsbursh- p. B. lay 1or third vfcezpresident; D. T. Mc- Cabe. A1uffh vice. esidef1t, and C. L.. Peck. fifth vice president, were elected second. third and fourth vice presidents sreepectiveIzs A W office was created, that of yiee-p resident resident in Chicago. and A M. Shoy- CT. at present general mana ger Of the. Vandelia Railroad at St Louis was elected to that positfonJ The vacancy on the board of directors created by the resiEnafIon Of MT Wood was fill ed by the election Of w w. Attef- bury
 Net earnings of the Steel Corporation in the quarter ended December s1 were about-u to f11e average of estfnates- TheF- azzouated- to =S29 8, S849--s cena- pared with sss. 450 o00 in the septern- Der 80 uHarter. and s55,185s55f in the corresponding quarter of 1912. Com paTative decreases in the three months Of sthe duaT ler were. October s1.654 : e5t5 NoTefnber 4s3.72s. .5Ss 2 ID scenber