The Bridgeport evening farmer., 1914-04-08
IN FINANCIAL CIRCLES

New York, April 8.-At the annual meeting of stockholders of the East man Kodak co, it was voted to au- thorize the directors to distribute s5o0, 900 as a wage dividend among the employees of the company For several years it has been the custom of the company to distribute that amount around July At present there are about {, 1000 men employed in the plant at Rochester At this meeting directors were reelected. A representa of the company refused settlement of the infringement suit of the Goodwin Film & Camera Co. against the Eastman Co.
 The government estirna te of condi- tion Of winter wheat as of April 1 points to a. harvest of about $50, ,o0o,O00 bushels, an, uTipreeedented1y brilliant outlook. The crop has passed through the winter with extremely light dam age. and should nothing of an ur- toward nature develop between now and harvest time the above estimate
 bids fair to be realized. It is no ex- pect of such high excellence is one of the soundest all-round bull argumen ts on stocks, bonds and the country s industries generally Even the chronic pessimists of Wall street felt in high CT spirits after perusing the report.
 
 authorized the Hudson & Manhattan railroad to issue bonds to the amount of $150,O0O under the first refunding mortgage of s65, 100000 dated February 1, 19I3 This is in addition to the is- sue Of $s7. 7.035, GOO made under the re-
 adjustment of the debt of the com pany approved last year.
 For the six months ended December 31, 1913, the Adams Express Go. re- ports gross receipts from operation
 of SIS. 4SS, ,645. After dividends there
 remained a deficit Of $11, ,ss3. The com pany had a total profit and loss sur plus amounting to $7, ,554, 971.
 The name of the new corporation
 that will take over the coupon busi- ness of the United Cigar Stores Go. 1 is the United Profit Sharing Go. Tn connection with the organization o1
 this company stockholders of the United Co. have received the follow : ing statement: Emitted Cigar Stores Co. has deemed it advisable to sep arate the profit sharing department
 of its business, and in the future will
 carry on that department partly by issuing and redeeming in some places it's own coupone and certificates, but in greater part by delivering to it's
 customers coupons and certificates is sued by new corporation, which has just been organized under the lawe of Delaware.'' The United Profit Sharing Go. will have an authorized
 capital stock of ss5o.0oO. divided into sso.0oo shares of the par value of $1 each.
 Braden Copper's new financing plans are not likely, to be completed for several months to come. They will provide sufficient funds to cover the company's present floating debt
 and provide for the increase in plant
 capacity from $500 to 10000 tons Ii is probable that the new financing will take the form of a bond issue convertible into stock at a price not yet determined Stockholders will be given the right to subscribe to the bonds pro rata with their holdings. For the first time in many months gross sales of the F. W. Woolworth Go. showed a decrease as compared with the corresponding month of the preceding year. Sales for March were $5. .137 .990 compared with $5.244,O5s in March, 1918. decrease of $106, ,068 For the first three months of 1911
 sales were SIS, 5s7, ,e54. compared with
 SIP, 932, ,650 in 1913.