The Bridgeport evening farmer., 1914-02-04
IN FINANCIAL CIRCLES

New York Feb. fin the six months ended December 31, New Ha- ven Railroad earned surplus after charges Of $1,041 ,404, and the combined companies a surplus of ss,233,135. Div fdends on railroad stocK absorbed 3D. 367, eco, leaving a balance of less than $9Oo, ,e00 provided subatd1artes paid out all of their earnings. The decrease m New Ravens surplus of $3, ,850,000 ccn- pares with a falling off in the sys- temis surplus Of $5sO60,000.
 Boston & Maine and the Hampden Railroad Corporation have filed with the Massachusetts Public Service Com mission a petition for approval of q Joint operating agreement under which the Boston & Maine will lease the Hampden Indefinitely at 8. yearly rem tal o9 $165,000 and will assume all op- erating, franchise, tax and insurance charges.
 The fiscal year of the American changed to December 31 so that the next annual statement to sharehoId- CTS will cover nine months operations to December 31 During this period tho company is expected to show prof its for the $6, BPS. 600 second preferred at the rate of about 1-z per. cent
 In Missouri Pacihc'e operations for the six months ended December 31 there have been several conflicting factors The road had to contend with a reduction in freight and pas senger rates, under supreme court de- c,sfon, and also suffered through the failure Of the corn crop in its terri- tory On the other hand the road has shown ability to reduce transporta- tion expenses comnensurate with the reduced volume Of traGc, and to re- duce maintenance expenditures st1b- stantially, yet keeping these figures we'll above the danger line Gross revenues for the six months ended December 31 decreased $827, ,764, or 2. 5 per cent, but the company moved more traffic than in the same period Of the preceding year.
 Major BIuford Wilson has been elected president sof the Chicago, Pe- oria &. St Louis Railroad. to succeed John P. Ramsey.
 General ChenfcaPs annual, report for the year ended December 31 shows net profits of s2,869. .442, against $2,668,- 582 in 1912 Balance of 8. sos, 442 after allowing for preferred dividends is equal to 1919 per cent. on the $18. 341, 900 common stock Profit and loss surplus at the close of the year to- tailed $5.o05, ,58s, against $4, ,747, ,36s in 1912.
 The St. Louis. Iron Mountain 6 Southern Railway has sold to a Phil adeIphia banking house $470sO00 per cent equipment trust notes, the pro- {ceeds of which will be used for new equipment Of the si,50e,00O Chicago & Eastern Illinois receivers certif1- cates authorized early in January, and taken by a syndicate headed by the Equitable Trust Go, all have been disposed Of by the syrdicate, and a large portion has been further re- sold. The Utah Power & Light Co. has sold $10,0OO,0oO first mortgage 5 per cent. bonds dated February 2, 1914. and 1ne February 2, 1S44
 The American Can annual report for the year ended December S1 re- veaIs net earnings of $6y595 ,679, as compared with $7,522,93 2fn 1912. The balance Of $5,032, 917 is equal to per cent. on the SAL 223. 300 common stock after depreciation and improvements.
 The $7, AGO, 900 South and North AL 5 per cent. bonds, guaranteed by the scription by J. P. Morgan & Co and the First National Bank, have been heavily over-s1bs cribed
 With the signing Of a court order for the sale of Kansas City, Mexico & Orient Railway property by June 1 at the upset price of $6, 0o0, 900 provided the bondholderS' reorganization com mittee make the purcllase, 1t is now possible for any bidder to seek the property if willing to Asetter the privi- leged bid of the bondhoIders. It is probable that an outside interest would be compelled to pay from $10,- COG, ,000 to 12,000, GOO for the property. Present indications are that the bond holders will buy the road.