The Bridgeport evening farmer., 1914-01-10
IN FINANCIAL CIRCLES
crhe Barron News service.o


 Crhe Barron News Servicee 59 New York. Jan. 1O-AnnouncemenI IS expected shortly of a settlement De- tween the New Haven ana Lne partnent of Justice regarding the o1s- position of Boston & Maine. believed that the Boston & Maine Vii 1 be separated and placed in the nands of trustees for development ana safe Similar disposition is also ilKeiy LOT the roads Rhode Island and con neeticut trolley systems, and the New York Westchester & Boston Ra1iWay. The Rhode Island trolley investment cost the New Haven about sZ4,zSo'- GOO, tfe Connecticut trolleys S4O,ouo'- 900, and the Westchester & Boston $35, 900, GOO.
 The offcially estimated income ac- count of the Baltimore & Ohio TOT the first six months of the euFrenA fiscal year shows a, balance aTLer pre- ferred dividends of s4,664222, equlva- lent to 8.06 per cent on the sSloz,ooo,- S,'s,l,- 900 common stock, and comparing W1ln s7. .455. 128 the previous year, which was equal to 4.9 per cent. on the stock. Joseph Wood, first vice president or the Pennsylvania Lines west or FlLls- burgh, and a director of the Pennsyl- yania Railroad and other companies has resigned as an executive or the western lines. MT. Wood has serveu 50 years in the service of the Penn sylyania,f in the engineering, operaI1ng and traffic departments.
 The Union Tank Line Co., plans to spend about $500, ,e0e for 800 all-sfeel tank cars of 5000 gallons capacity. The new cars will replace like num- Der of wood-body tank cars Whlch were withdrawn from service and dis rnantied during the year.
 l The method of financing General Electric Co.'S $s, 900, coo notes maturing l April l. has not yet been sdetermlned. but will probably be through the 2 1 per cent. dehentures of which o,ooo.- 0oo are outstanding out of an au- thorfzed issue of S6o, ,0o1, 900.
 It is generally believed in Tall Street that the litigation developed by
 Union Paciir's distribution plan will not cause the scheme as recomnend- led by the executive committee and adopted by the board, to be abandoned or even altered. Sentiment is that \ whatever might be the objections of I the convertible bondho1ders, the pre- ferred stockholders have no valid 1 claim, and that the former on account ticipate in the plan, would hardly be favored by the courts
 Gold movements for export and irn- port have been reported at the fsub- iTreasury as follows A withdrawal of I $200,O0O gold coin for Hayti; an arr rival of $4O0.o00 gold from Cana da, lsconsigned to the Bank of New York. An advance in Atlantic Coast Line | Louisville & Nashville collateral 4 per cent bonds to around 90, which is I nearly points above Decenaber,s low l price, has started rumors that the Coast Line plans to release it's com trol of Louisville in order to obviate lpossible action by the Department of
 Justice. The factor that would tend I to give the bonds added value in such circumstances is the assumption that
 they would be called. The bonds ma
 tnre on OctoberH1 1852. and if called lit must be at 105, in accordance with Ethe terms of the inIenture.
 B. c. Converse, who has resigned 1.-the presidency of the Bankers Trust Eco. has held the office Of leading kexecutive of the institution since it's formation in 1903. Last March it's Ideposits amounted to s127 100000
 Banker Henry Clews3
 E Tn commercial circles there is a tnore confident spirit which, though not yet resulting in any larger vol
 ume of business. bodes well for the t future Trade conditions are known IWith few exceptions to be generally isound, because Of the conservative poll Hey, of the past year or so. There Hhas been no over-production of mer- Ichandise. and overriding in specula- tion outside of real estate. As pre- tviousIy stated in these advices, the f Limited States is in a better position j than any other country in the world to lead trade revival-Great Bri- Itain and Germany still being in the lslowing4doW stage. An important .4 and very encouraging feature is that s President Wilson is known to be Estrongly in favor of giving business Ia chance to recover. and now that Iso much has been Accomplished in the direction of tariff. currency and trusts, tl he is strongly inclined to curb un- sI necessary new legislation and give T business the freedom it sadly needs 4 for recupeFation. His forthcorning g antitrust message will be anxiousIy awaited in order to see if such ex- Ipectati tions are sustained. In the tex Il tile trades improvement is already no- I Iticeab1e. There is more activity in fcotton goods, and distributors shelves are so bare of stock that good buying will be necessary to meet the de- mands of prosperous west and south. Last years full harvest and good lprices have unduestionab1y saved those tsections Of the country from the de- pression which for the last six months has been so severe in the east. h the steel trade there are symptoms oi having turned the corner. Some Iib- teral orders have been placed during
 and rails. As yet the railroads have the last few days for finished steel not entered the market with any free
 dom for we'll Known reasons
 H0WEG MMBA