The Bridgeport evening farmer., 1914-10-06
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD

New York, Oct. 6-Unless the totally unexpected happens the country will soon witness the spectacle of a steam road actually going out of business. It that a. railroad cannot stop running. and generally speaking the assertion is trde. But it is about to be demon- strated that the thing can be done-at a price as brokers say. A court or der has been signed in Buffalo, direct ing the receivers of the Buffalo & Sus- Quehanna Railway to discontinue per- manently the operation of trains on November 1. This road is n6t to be confused with the Buffalo & Susque- hanna Railroad Corporation, which is the reorganization of the old Buffalo 6 Susquehanna Railroad Company. the property Of which was formerly 1eas- ed to the Buffalo 6 Susquehanna Rail- way Company. The latter owned the stock of the railroad company, but lost its control and equity through fore closure. All that iremains5 for the bondholders of the road is the scra D value of the rails and other fixtures, the right of way, and twenty-three acres of land fronting on Lake Erie. No authoritative estimate is obtaina- ble as to the salvage value of the mortgaged property but in railroad about $29D.00 for the holders of the SC, ,00e, 900 bonds. On the 86 miles of road the total population of communi- ties served is 0aid to be about 1000, the largest town being a place of about 1000 inhabitants.
 The death Of William P Brown, in New Orleans, marked the passing of one of the most spectacular operai3 3ors Identified with cotton speculation. His interest in the cotton trade was ex- pressed in big deals both in New York and New Orleans. He was a defeIfd- ant in the governments action brought against aA group of cotton merchants two years ago in which the question of violating the Sherman ; antitrust act was involved in the selling of cot the market. Frank B. Hayne and James A. Patten of Chicago were also named in this suit.
 The Assets Realization Co will make a distribution of five per cent. to cred itors This will mark the first pay ment since the affairs of the company were placed in the hands of a creditors lcommittee composed of Albert H. Wig gin. Samuel McRoberts and Benjamin S. Guiness in December, 1914 The disbursement will amount to apppexi- mate1y $25o,000 and will reduce the 1 company's indebtedness to about s4- 750, oo0
 Railroad passenger fares east of Chr cago will be raised in few weeks t. | 2 1-2 cents mile. Under this move the 1aFe between Chicago and New York will be run up from $19 to $2o
 on differential roads and from S20 to $22 on the so-calIed standard lines The fare from Chicago to Cincinnati and Louisville will be advanced from $6 to 75O, and from Chicago to Indiana po- lis from $3.70 to $4.5O. These points
 were not touched, last June when many
 interstate, rates on the lines east of | Chicago were advanced. In the west railroad officers are not unanimous at this time as to just what ought to be done with passenger rates. in the southwest there is no dissent to the
 advancing of all interstate rates to a l 2 1-2 and in some cases to a cent
 basis, from Chicago. It is said that 1 the Burlington, Chicago Northwestern
 and St. Paul roads have declined to vote on the question, while practically
 all of the other roads have agreed to raise.