The Bridgeport evening farmer., 1914-08-26
EXPECT ANACONDA
 TO CUT DIVIDEND
(Barron Financial News,

New York, Aug 26.IDirectors of the Anaconda Copper Co., are sched- uled to meet next month to take action on the dividend. As a result of the low price of copper and a curtailment amounting to close to 50 per cent in production. the general impression is that the present $S dividend will not be maintained. Paying $3 g. share, the Anaconda Copper Go. reported a deficit last year, and it's showing this year has been just as bad. if not worse. In aSmuch as the Arna1gamated Go. de- rives practically all of it's income from dividends received from it's holdings of Anaconda, a lower dividend rate onsthe former stock might be expected to follow a. reduction in the Anaconda dividend.
 Already several copper producing companies have been forced to cut down dividend payments owing to the conditions noted above. and it is be lieved that several more will be added to the list before the movement runs it's course. This action, however, is in the line of conservatism, and most of the copper companies are at present in a strong financial position as a. result of having received good prices for their copper in the past two years.
 Better prices for material are add ing to the profits of the steel com panies, and their income statements this month are expected to show an improvement over July. If the steel companies can maintain present pro- duction and prices. earnings in the last half of the year will be considerably. larger than reported in the first half. However, majority of the steel man. ufacturers are not inclined to make definite forecasts. due to the uncer- tainties arising from the European conflict
 New business is said to be quiet, al- though consumers are showing no disposition to oppose recent advances in prices. The ferronanganese sit- uation is improving, and beginning with the present week fairly large anxiety Of many steel manufacturers, whose supply of this very important product are at low ebb.
 During an occasional lulI in the war discussion in financial circles, other things receive a little attention such, for instance. as the intrinsic merits of certain securities listed on the Stock Exchange. At 9, recent informal gath ering of the members of a. prominent Stock Exchange house, one of the partners expressed the opinion that settlement of the New Haven suit had placed the stock of the road on the bargain counter. He also predicted that the stock would open very much higher than 1t closed on July 30.
 His reasons were set forth as fol1ows: s"The stock has been hammered mer- cilessly while there was any show of reason for the bears to hammer. The government suit for dissolution of the company afforded ample opportunity, coming as it did on top of all sorts of charges of n1ismanagement,4 footing criminal suits against the directors, past and present, and foul exposures of all sorts-rea1 and imaginary. Now the tables are to some extent turned, and New Haven as a company is to be allowed to live.
 Under cover of complying with the mandates of the Department of Justice, avoiding the civil suit for dis solution, and in all probability the threatened criminal suits, the direc- tors have an opportunity of separating the efficient New Haven system from non-productfve subsidiaries, such the Boston & Maine. the Eastern Steamship corporation and others.
 Notwithstanding the capitalization of upwards of $360. 100000, which is claimed to be excessive, the road can be made to pay dividends on it's $158,- 100000 stock. It's territory is one of the best and most Spopulous for it's extent in the country, and there is no question that the properties of the company are in fine physical condi- fiou