The Bridgeport evening farmer., 1914-06-05
LEHIGH EXPECTED TO.
 EARN ITS DIVIDEND.
Barron Financial News.9

CBarron Financial News9
 New York, June 5.--When Lehigh Valley shares, 8 few days ago, sold at 134 IA which was but two points above the lowest price of the year, disquieting rumors were heard as to what action will be taken by direc-l tors of the road at the next dividend meeting, scheduled to be held on June IT. Net operating income of the Le- high Valley for the ten months ended April was $2.S5o,o0 smaller than in the same period of last year. This loss is equivalent to S.8 per cent. on the $60, 501, 600 common stock outstanding.
 Indications are that, in the full year to end June 30 next, the road will earn its dividend requirements with a sur plus of a few hundred thousand dol- lars. If the traffic. should not hold up in the closing period of the year, there is possibility that the road would fall to cover dividend requirements by a very slight. margin.
 Orders received by the United States Steel Corporation in the last week have shown an increase in volume that is encouraging. Daily bookings are now running at the rate of about 24,Oo0 tons per day. compared with less than 18,0o0 tons six weeks ago. The corporation's operations have fallen off somewhat since this time last month, but if the present buying movement 4 continues it is probable that production may be increased.
 The untitled tonnage for May will, it is estimated, show a decrease about the size of that reported for April which was 376, 757 tons Should 3 decrease of 300.000 tons be reported. for May the orders on the corporation's S books would be less than at any time since October 31, 1911, when the long upward swing begaa, which took the untitled tonnage up to practically 8. GOO, GOO tons.
 The next nearing in the suit of the government against the American Can GO. vii lbs held in Baltimore on June IT. It is expected that the govern the end of 1914. The Can company should have it's case in before this time next year. Alter that there will be- arguments and there is no Iikeli- hood that a final decision will be ren- dered within two years.
 Stockholders of the Pierce oil Cor poratfon at a special meeting to be held shortly will vote on a proposi- ton to create a series of ten year six ger cent convertible debenturesm ag- gregating $10.eeO,00 srepayable at ma turfty at 105 per cent. of par and con vertible at par at any time until ma turity
 Hard on the heels of Anacondass re- port for 1913, showing q deficit of s1,-. 674,002, comes the announcements that the company is to reduce it's produc- tion s,0O0O0o pounds a month. This curtaiIment will aggregate s6,o0o.oO0 pounds of copper per annum. and is reduction particularly 0pportune at this time in view Of the present ex- cess of copper production over con- sumption. Another reason for the curtaiIment is that the company is unable to operate several of it's mines at a profit under ruling prices for the metal.
 Anaconda,S production for the first four months of the current year was at rate Of about 2s,0OO.0Oo bounds a month or PIT, ,OoO.0 900 pou1ds per an. mum With the rernainder of the year showing a production of 20,000 GOO pounds a month, the company's 1914 output wili aggregate about 252 GOO. GOO pounds as compared with 241. ss3, eco. pounds last year.