The Bridgeport evening farmer., 1914-03-24
IN FINANCIAL CIRCLES

New York, March 24-A special meet ing of stockholders Of the New. Haven Railroad will be held in New Haven within ia month, in the discretion or Chairman Elliott, to vote on the rati- |hcation of the agreement Aoncluded late Saturday night between repre- sentatfves of the New Haven and the Department of Justice. The negotia- lions at Washington having been con- c1uded, New Haven directors will turn their attention at once to the hnanc- ing of the $45,000, GOO notes which ma ture on May IS, and other necessities that may develop The aInicable agreement on the segregation plan was received with high favor in Wall Street, and the strong response made Iby the stock measured the increased confidence with which it is regarded since aIE danger of costly litigation in the courts is removed.
 Standard Oil CO of Indiana was one | of the leading revenue producers of the Standard Oil group last year, its net amounting to nearly $21, ,000, 900, an increase of something like 100 per cent. over the average of preceding years. In spite of the fact that production established new high record. the demand exceeded it's output.
 l The Union Pacific Railroad will spend $500, 600 on the Kansas City Denver line section in eastern Color ado for balIasting tracks between
 
 distance of 122 miles. This improve ment work has been undertaken in lpreparation for the heavy tourest traf- 1 fic which is expected to be developed on account of the Panama Expost- ition.
 l The annual report of the National Lead Co. for the year ended Dec. 31, shows net earnings of $2,45S, 306, l against &, ,492, ,233 The balance of $752, 574- is equal to 3.64 per cent. on tAon NrrA with S.s per cent earned on the same stock in the preceding year. At the end of the year the company had a total surplus of s5s201, ,332, against $5,- IO6s, ,420 in 1912. s4. .51s in 1911, and l ,779 628 in 1910.
 founder of the Northern Trust Co. of iChicago and director of the Chicago & Northw estern Railroad, Atchison, lTopeka & Santa Fe Commonwealth
 Edison Go. and Chicago Telephone Go. died Sunday of heart failure
 It is estimated that the net profits tof all the Standard Oil companies that
 once made up the old Standard Oil Co. of New Jersey in 1913s aggregated
 in excess of 20,0o0, GOO. Prior to the disintegratfon the net profits of the
 Standard Oil Go. of New Jersey were
 running at the rate of about $8O,000.- GOO a year. The dissolution has been
 followed by a heavy increase in ex- ponSeS, one eSt1n1af6 b61ng aS hfgh
 as $15, 900. GOO. The fact that the com
 panies did so well last year was due
 to the extraordinary increase in de- Imand for. petroleum and it's by-prc-
 duets Higher prices were also com ! manded.
 As a result of the lessened business
 activity of the last few months, West finghouse Electric & Manufacturing
 Co.'S volume of thrilled orders at the
 end of the current month will show
 a decided reduction as compared with
 that -at>the end of the last fiscal year
 At that time the total of untitled orders
 was over s12so00. .000. a gain of nearly
 $4 000. 900 over the year ended Ma.rct
 31, 1912. That meant between three
 and four months work, but .he 191: fiscal year will begin with much Iess work in hand than that. The com pany's working forces show falling
 off from the high level of last year by fully 4,0oo men, and at the presen,
 time the number of employees is prob
 ably a little more than 16.00o.
 The preliminary annual report o. the Union Bag & Paper Go. for tn, year ended January 31, 1914. shows ne : earnings of $534 530, a decrease of $1s. } 721. The surplus of $50. .0S2, an in crease of $7.089 over the preceding , year, is equal to .45 per cent. on thu
 s11, ,0OO, 600 preferred stock, against 8 per cent. on the same stock in tn, : preceding year.