The Bridgeport evening farmer., 1914-04-18
IN FINANCIAL CIRCLES

New York Aprii 1s--WaiI Street re-
 garded it as rather odd coincidence
 that the day afte lliam K. Wander
 biIt arrived From Europe New YorkCen-
 traI stock sold at the lowest level
 since the memorable fight with the
 West Shore It is said that nothing extraord dinary brings Mir Vanderbilt back to his desk in the Grand Central
 station, but it will be unusual if his return is not followed by some inn
 portant developments in New York Central affairs He works at running
 the railroad when abroad, has daily cables sent him from this city. and
 permits the transaction of no in1-
 portant business without his approval.
 Ills applies himself more attentively
 to business while abroad than did
 the late J F. Morgan Though spend : ing the greater part of his time in
 Paris. MT Vanderbilt keeps himself
 much better informed on all affairs
 in this country than is generally be-l
 Heved- It is on his return to this low the affairs of New York Central
 watch closely for developments. Mr..
 Vanderbilt eand his son, William K.
 IT,. have been chosen members of a finance committees Others selected by the directors for the committee are George E. Baker, William Rocke-I
 felIer and R. s. Lovett.
 The United Profit Sharing Corpora tion which will handle the coupon
 business of the United Cigar Stores Go. will probably act as coupon distributing agency for a number of nected with the tobacco group. Many inuuiries from larger manufacturers in other lines have come into the of fees Of the Profit Sharing Cooperation in the last few days.
 SThe bond market has received great stimulus from the successful disposal of the $s5,00o,000 New York City 1-2s It is believed that half of the issue has already been sold by the bank ing syndicate which was awarded the entire issue. and 1t is predicted that the llnsold balance will be placed with investors within few days
 The Silversmithss Co. has declared { a quarterly dividend of 1 per Cent. a reduction Of 1-2 of per cent. quarter i ly According to a representative Of tpany;s dividend rate is due directly to the slow business conditions which have lately prevailed in the silver manufacturing trade.
 l Net profits of the Ray Consolidated Copper Co., for the fiscal year ended equal to $1.84 per share on 1,z5O.553 shares. compared with $1.33 on 1,44T,- S52 shares the previous year.
 Tn the eight months of the current fiscal year to February 28 last, Erie Railroads net revenues after deduc- ton of operating expenses and taxes
 were almost one third less than iq the corresponding period of the preceding lyear This years net results were ST, ,616, GOO against s10. .ee2.000 in 1913. The decrease was s7ssU00, or se.7 per cent. If the road does as well as last year in the remaining four months of the fiscal year. total net revenues for the full year will approximate SIS, 3,100, : GOO against the s16 800, GOO shown for the fiscal yearAenied June 30, 1913 It l is not likely that the company will Tor can keep net revenues up to last years level in these closing months. It is predicted that the annual re-
 port of the United Cigar Store GO. for I the calendar year 1913 will show sales
 for the last year close to 8, GOO OO0
 ahead of the preceding year. Large in I terests in the company regard this as
 particularly favorable in view of the
 fact that. the first half of the year
 is usually the small half for the Unit led. while the latter six months of 1913 i showed a marked depression in all re- I tail lines of business The company
 was able, in addition to increase Its cash on hand to the extent of approxi- | mateIy $750, 900.