The Bridgeport evening farmer., 1914-06-04
IN FINANClAL CIRCLES


 New York. June 4.-several first hand sellers of electrolytic copper are quoting 14 1-8c a pound, delivered 30 days. This Is a reduction of 1-sc a pound from a fpeg price.'' The de- cline is due to lack of demand, and weakness in the standard market, which is being sold in anticipation Of unfavorable statistics for May. De- Inand is quiet here and abroad. For eign buying as a result of the declin- ing standard market is now on a nlill- irnum basis and domestic consumers e0nntnue to take only small lots on a. 'hand-t -to-mouth basis. sss.sr e.5s,
 Assuming that net operating income for May and June will break even with last year, ii. may be estimated that St. Paul railroad will earn ap proxin1ately 6.3 per cent. upon it's common stock this fiscal year com pared with S.6 per. cent. for the year ended June 30 1913. In making the estimate for this year, other mconie is based upon report for eight. months ended F'ebruary 28. last. sub 1nitted to the Stock Exchange For that period net other income was $1, ,- S75, GOO, or at the rate of $2, 500, GOO or better for the year.
 President E. F. Ripley Of the Atchi- son system, who is in New Y York on his first visit since last year, adds
  of a bumper wheat harvest. He said:. ssThe outlook for the winter wheat crop was never better A conserxa< tive estimate would place the yield in Kansas and Oklahoma at 160 0Des 900 bushels Spring weather in Texas has things can happen between now and harvest that will exactly reverse con- ditions and ensure a good crop.
 April statements Of the two big trunk lines indicate that a. purely Psychological condition varying in de- gree exists in parts of the country. In the Pennsylvanias territory, for instance, the psychosis Of shippers and travellers was disturbed only to the extent that they gave that system five per cent. less to do in April, 1913, whereas along the New York Central in works averaged nearly nine per cent. less than in the corresponding month of the year before.
 Stock Exchange transactions in shares during May amounted to A. 728 2O7 shares or the smallest monthly total since November, 1913 As com pared with April the business showed a shrinkage Of 413,OOS shares and a decrease Of 1.132.O84 shares as com- pared with March which was the pre- vious low month of the year. In May, 1913.> sales amounted to 5s466, ,675 shares. I51e ~1a1 GeSI 3S1ngIS day 6 DdS1neSSs was done on the first day Of the month when sales totaaIed 456 .36s shares. There were only two other days dur ing this month when sales exceeded 100000 shares. The smallest day $ bus iness was recorded on the 26th, when 75s9 shares changed hands. Bond sales during May were s44. .026. 300, com paripgs wi th, tn 6 four preceding months Of the year as follows April, $54, ,96S Oo0: March, $60. .o5s 500; F,ebru- ary, $6s. .595. .o0Os and January, $ss 816,- 800. Tn May 1913. bona sales amount ed to $41s 657s 600. and m the same month of 1912 they were $55 534, 900.
 Kansas farmers arc seeking to in- duce the railroads to reduce their fares for farm laborers to one cent a
 mile in order that q suffcfent number Of hands will be ready to harvest the bumper wheat crop of that sfate. It is estfmated that IEansas VIII need more than 200, 900 men for harvesting alone. and of these 50.0oO will come from other states.
 The Republic Iron 6 Steel co of fers until June soto retire at 1o5 and interest it's retaining outstanding co1- lateral trust bonds, dated 1904 These bonds. of which there are only $94s, 900 left outst anding, have been called for payment on October I at 105, but the company is willing that the holders receive the premium of i've per cent. earlier.