The Bridgeport evening farmer., 1914-04-10
IN FINANCIAL CIRCLES

New York, April 10-The cut in Canadian railroad rates is accepted by many bankers doing business with Canada as the most significant sign of the determination of a large part of the Canadian populace to emulate the example of the United States in regu- 1ating and curbing railroads. In re- spect to the railroads radical ele- ment has developed in the electorate and these bankers do not think that in the future Canadian railroads are to be immune from such movements as have beset holders of American railroad securities. At the same time the bankers recognize that the Cana dian roads, from their land grants, subsidies and other privileges now se- cure. have obtained enough actual and potential profit to uphold their stand ing in the markets.
 New Haven plans to establish cleo tric freight, passenger and switching service between New York and New Haven, starting June 1.-the extent of which is dependent upon the electrical output of the power house at Cos Cob. The original identification of the New Haven between Stamford and Wood lawn. began in 1905 and completed in 1907, embraced 21 F miles of route and 11O miles of single track. With the identification from Wood1awn to the Grand Central station,@ total route distance for the New Haven's original electric service was B miles. When the appropriation estimates were made for an addition to the electrical out put of the Cos Cob station, heavy ex- penditures were required elsewhere on the property. For this reason it be came necessary at that time to fore go the building of power plants re- quired at the eastern and western ex- tremities of the e1ectrification zone.
 xrf<ar1 dfnr4f FNf the Central Railroad of Georgia, has been elected preside ent. succeeding c. H. Markham, resigned.
 At the annual meeting of the Mis- soliri, Kansas & Texas of Texas the following directors were elected in connection with the reorganization of the road as agreed upon by the Attor- ney General of Texas and officials of the company when the merger suit was compromised: Frank Trumbu1l, C.. p. Shaff. E. D. Steger, M. H. Wolfe, A F. Platter, George B. Taliaferro, w H. Dougherty. s. B. Perkins. and William Bacon. The following direc- tors resigned from the board: J. C.. WhaIey. F. P Wilmot, Paul Wap1es, J. N. Simpson, B. N. sReardon.
 Another echo of the costly struggle waged between the striking miners and mine owners in the Lake copper district is the omission of the per cent dividend usually declared by Wolverine Mining directors in April No dividend was declared in October 1913 owing to the practical cessation of operations. The company has ex7 perienced difficulty in obtaining all the skilled labor necessary. While condi- tions have improved somewhat the men are still backward about resum- ing work The company's production has lately been increased to better "A <,F val
 Canadian Railway officials estimate that the reductions that have been or dered in western railway rates by the Canadian Railway Commission will mean a decrease in earnings to Cana dian Pacific of approximately $1,O00,- 900 a year. while Canadian Northern and Grand TrunkePacific earnings at the outset are 1fkeIy-to suffer to the extent of s2oo,Oo0 and $so0.o00, re-. spectiVeIy.