The Bridgeport evening farmer., 1914-09-23
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD
Reduction in AnacOnda Divi- dend is Big Surprise in Wall Street And May Foresha1ow Similar Action By the Anal- qamated.

fThe Barron Financial News Servjce)
 New York Sept. 23-A reduction in the Anacq1lda diyidsnds was expecee0, but the action of the directors In re- ducing the payment from T5 to 20 cents a share was somewhat more drastic than wall Street had been looking for. As the Anal gan1a.ted receives most of its income through stock ownership of the Anaeonda, company the reduc- ton in the dividend of the latter com pany is accepted as for eshadow1ang similar action on the part Of Amal- eaanated directors at their next divt-. dend meeting Both cornpanies have naturally been rather badly hit by the Standardization in the copper trade since the outbreak of the war.
 Certain investment houses opened the week with mobilization of sales forces, which have since the begin siffla of the war been idle, prepara- sfoTy to a. renewal Of business, as tn- d1cations are apparent from many quarters that confidence among in- vestora is gradually being restored. The dead1ocA seems to be breaking. and the demand for Invest naent secur- tiles on the upgrade. Bids for listed bonds have recently shown substan- tfal improvements. For while they
 were on an average three or four points below the closing prices of July 50, but lately the gap has been closed 1lp and although the volume of bus tdness Is stfll compar a;tively small, the buyer and seller are decidedly nearer together. One case has been heard Of a bid that had to be raised three points above the closing price of guly H6 in order to obtain the destred bond
 Isiie nneett tlexnent Of mercfa1 bus fdTaess ana the complete s1spensdon ot activity in stock Speculation resulting from the European conflict have had the eHect of reducing bank deposits the country over, judging from the returns Of the larger national banks to the Comptroller. Of the Currency, showing their condit9on at the close Of business on September 12. Not for aeeoxn1nod ataon been sonewhat re- 7azxed in eonsequence of Eh5s state of affalrB but the depletion of their gold reserves on account of the exports of the metal since the development of the crisis has forced them to limit and to suffer a resulting loss in their deposit accounts.
 The Temple Coal company has de- Ac1arad an initial dividend of ? per cent in the preferred stock The 6 TempIe Coal company recently took over the coal properties Of the Tenn fp1e Iron company The preferred stock is entft1ed to per cent. annual rnuIaf1ve divldends.
 with poorer trafac conditipns pre- Fa1nug rnrougno1I the country IF was but natural thaf the St. Paul system in it's last fiscal year fen consider ably short of the 1918 reeord. While there were good crops sn the roads
 terrftory in 1913 they were hardly com parabIe with nose of the previous
 year. The road showed it's present
 per cent common dividend earned with 3, fairl margin to spare the exact balance on the shock being 6S per
 cent as connpared with s.e2 per cent. in the previous year. Cross earnings 1n the hsca1 year dropsoed off more
 down more than s1.5o0sO1o 90 that net
 earnings showed a. decfi1re of dn7g
 S747, 457 from the previous year