The Bridgeport evening farmer., 1914-04-28
iiMOP' WILL TAKE
 UP NOTE ISSUE
Arrangements Under Way for Caring for $25, ,oo0, 900
 Liability

New York, April 2S-AIl important interests in Missouri Pacific. incIud- ing President Bush. say without re- seryation that some way will be ar ranged for taking care of the s25,- 000,000 notes maturing on June 1, either by sale or exchange of new notes or extension of the old ones Legal matters relating to various all ternatfve plans are now receiving the close attention of the scompany's at- torneys, and definite action may be expected this week or early next week, Any probability of default on the notes is too remote to be seriously consider ed if there is $26,OOOs s0oO9s cash any where available for loaning upon good collateral security. The collateral be- hind the notes is at present market prices worth well above the par value of the notes. and the Missouri Pacific will. if necessary, put $3,000s000 more St. Louis, Iron Mountain & Southern Railway 6 per cent. bonds under the new notes. bringing the total of these bonds to dollar for dollar of the notes.
 Local interests connected with the Mexican Petroleum Go. have received no late word from Mexico regarding All American employees are believed to have left the plants, but most of the Mexican help is said to be still working llninterruptedIy. In the event of protracted conflict it is thought that beyond the damaging of pipe lines and pumping stations. the company's prop erty would probably be unmolested. | The American Smelling & Refining GO. has raised the price of pig lead to 3. 90 cents a pound. New York; an advance of 10 points.
 George IF. Baer's holdings in the Reading Co.,. amounted to 11,864 shares of which 1855; were first pre- ferred, 5s7 second preferred. and 3.66 2I common. Tn a recent list of the larg- est holders his name was fifteenth.
 It is reported that the $4o,000 Con- necticut Go. stock, representing New Haven's interest Tn trolleys in Con necticut is pledged as part security for the issue Of s20.00o. .0O0 New Eng land Navigation Go. year six per cent notes. These notes netted the railroad 9S There is authority also. for the statement that as collateral the Connecticut Go. stock. carried on the New England Navigation books at 40, 900, 900 has been given a value of. 50 cents on the dollar. which is re- garded as highly conservative. In the year ended June 30, 1915 the Con-. necticut Go. earned a balance for. dividends Of s1.s09,022, or 4.02 per. cent and paid the New Haven $1,500,-5 GOO or a per cent. In 1912 the balance for dividends amounted to $1. .- SIS ,075. or 3.8 per cent.
 The Tennessee, Coal, Iron 6 Rail road Go. a subsidiary of the United States Steel Corporation has declared q dividend of per cent. on the com
 mon stock, the first disbursement it has ordered since the panic of 1s07.a Dividends Of per cent. quarterly were laid from May I, 1905, to No-3 vember 1, 19o7.4s Prior to- 1905 no common dividend had been paid since 1887, except in 1900, when three divi- dends of per cent. each were paid. It was at this time that the per cent. in back dividends on the preferred stock were wiped out by the plan in volvirlg the retirem ment of the prefer. red stock by additional common. At present there. is $124,0o0 preferred stock outstanding, which pays per cent. annualIy