The Bridgeport evening farmer., 1914-04-20
ACT I'VE SELL ING OF
 MISSOURI PACIFIC BLAMED 10 G0UL LDS
Wall Street Believes Standard Oil Interests Are Alt
 ter Control

New York, April 2o-Tf1e active sell ing of Missouri Pacific stock in the past month or So. has aroused the be- ing hands in the stocknaarket, and that the Gould interests may have sold a large part of the 203 .0o0 shares traded in since March It was claimed that brokers who have been the heaviest sellers of the stock re-S gently are closely affiliated with the. sGou1ds, and that the stock was going. to the Standard interests. or someone closely affiliated with them. A possi zb1e basis for this belief, Is taken from. Gould precedent in this manner of effecting change in control The turning over Of the control, from the Goulds to Standard Oil interests of Colorado Fuel & Iron is cited in this connection-
 It is believed that another Dela- ware. Lack savanna & Western Coal CO melon is ripening. It is expected that earnings this year will be suf1l4 cient 10 permit of 20 per cent cash payment. which mount was disbursed in 1eI3s The company's cash on hand actually exceeds it's capital stock. In the calendar year 1913 the company earned $2, ,0ee,78o or 31 per cent, lon the $6,59o, TO O capital stock This was a decrease of more than 20 per cent from the preceding year, though an ofIicial of the company stated that an increase would have been shown, had 1t not been for the exceedingly mild weather prevailing during the Winter sof 1913.
 The bank statement Saturday was favorable. inasmuch as it. revealed an. increase of more than s9,500.000 in cash holdings. There was an increase of s28s0O0,000 in loans, while net de-
 
 reserve increased g. 800. GOO. The showing was better than looked for in view of the heavy bond operations during the week. The only reflection of this was the loan increase. This is rena rkab1e when it is considered that tral financing called for turnover of s1o5.00 00O, ,00O. < The Atlantic Coast Line railroad in the eight months to February 28 earn ed q balance of $4.560,O able for dividends on the common stock This is equal to 6 s per cent on the $68. .557 200 common outstanding This 10 per cent. for full year stock as conn pared with 11.4 per cent. in the prev fous year While March earnings have not yet been reported. it is safe to say that the company will have earned the flsIi years dividend payments In the first nine months.
 The Missouri Pacific Railroad is ex- pected to take care of it's $25,00Os 900 5 per cent notes maturing June 1s by exchan ging them for securities bearing a higher interest rate. The directors have under consideration plan which involves the issuance of two year 6 per cent notes. Aside from the per cent increase in interest rate note holders will receive a 2 per cent. cash bonus on the par value of the notes exchanged. hile ara ngeTnents have not yet been perfected, the plan will undoubtedly find ample support as about half of the notes are held by interests affiliated with the Gould management.
 1 CT. IL. Watson & Co. And the great underIying element of agricultural prosperity is now full of promise. We are also Ignoring the favorable influence Of the country s satisfactory foreign trade balance. Sunshine sc1rbs'' never manufactured prosperity but on the other hand no true view of the future can be taken | if we do not give full weight to such sound Fundamentals as do exist. Mark ct fluctuations cannot take away the intrinsic value possessed by properties and while practicfng caution at the present juncture, we should not lose faith in the great natural resources a r,d resilient spirit of the nation.