The Bridgeport evening farmer., 1914-07-03
NOTE OWNERS HOLD THEIR PAPER FOR
 BETTER PRICES
fBarron FinanciaI News.l


 of the syndicate which underWrote the l New Haven, Harlem River & Port chester and New England Navigation | notes have realized on their unso1d portions, some of the largest partici- pants are holding their notes for bet ter prices. Following the dissolution of the syndicate. all three Issues de- clined rather sharply. The New Ha.- ven one year lives are now at about e8 8N yielding 7-15 per cent; Harlem River one year fives 91 #, yielding 8.15 per cent, and New England Nayi- gation three year 6s 96 K. yielding TAO per cent
 The first of a series of conferences will be held next Monday and Tues day in Washington between a member of the Interstate Commerce. Conmis- sion and traffic experts of the trans continental lines, including Atchison, Southern Pacific and Union Pacific The purpose Of the conferences is to ascertain the commission's attitude to- ward the problems arising from the l intern ounta5n rate decision. The. probability is that the question of rais- ing rates to the Pacific coast will be decided at these meetings
 The question is most important to railroads and shippers, and the effect i Of a refusal to permit an increase in rates to the Pacific is causing re- l duction of rates to the interior would ] De W1dSSDTeaQ.T E6d1tIO1A 4AACAA <@H1 naturally unanimous in hoping for permission to increase rates to the Pacific coast, at least on certain lines and the probability is that there will | have to be many conferences before the matter is settled.
 Steel makers have received notice from the Pennsylvania, Railroad that 1 bids will be received for 100, 900 tons of rails on July 6. The bids will be sealed and will De addressed to the purchasing agent
 Counsel for holders Of the SIS, ,019,- GOO per cent refunding and inn l provement mortgage gold bonds of the Chicago & Eastern Illinois Railroad will file today a foreclosure bill in the federal court at Chicago. An actual | default on the bonds began Wednes- day with non-payment Of the semi 1 annual interest, Forec1osure proceed l ings would not ordinarily be possible for three months. but the action is l taken at present owing to the technf- cal default which began with the ap- lpointment of receivers and for strategic reasons. It. hoped that fore closure action will not have to go deeper than the refunding and inn provement bonds
 United States Express Go for the twelve months ended May 31 1914s re- ceipted to the government and hand led S2, 4S2. .400.151 in bank notes and gold under the contract with the gov ernment- The uansp portation charges on this total handled varied from fifty cents per one thousand dollars in bank I notes to upwards Of $1-50 per $1-00o for gold. The June figures of money handled for the government are moi available
 Tn reply to questions regarding Gin cinnatf, Hamilton & Dayton.s bond in- terest default, Presid ent Willard oa the Baltimore & Ohio said that hi full statement on the financial histoT7 of the C. + & D. and it's relations ; with the B. &-O- before the 1nterstats Conmerce Commission left few phase of the situation undisclosed.
 He added. Because Of series O , unusual and unforeseen circumstance 7 the C. H. & D. road was not in a. posi- , ton to meet it's various obligations a ! expected The Baltimore & Ohio ha. assumed the responsibility of restor l ing the property following the flood
 in March. 1913. This has been don
 promptly in order that the vast com t TnercfaI interests in the territory serv
 as promptly as possible, and has bee ! done so thoroughly that have n , hesitation in saying that the c. H. D today is physically in better condi
 ton than at any previous time in it ! entire history.
 i. The cOSt or ta1S EeCOuStr uCt1On 1ls4 2 not only been greater than was frs thought probable but the after affect . Of the flood have imposed such bur dens on the c. H. & D. that the direc g tors of the Baltimore & Ohio reache
 the conclusion that the B. & O. woul
 not be justified longer in extendin 6 it's credit beyond it's legal obligation Q which later. of course. will be full
 complied with. Except for currer
 monthly accounts and payrolls the {
 H & D. has no operating debits.''
 Henry CIews.)
 The future certainly begins to loo f @@n--