The Bridgeport evening farmer., 1914-09-01
NEW YORK EXPERT
 REVIEWS SlTUATI0A IN FINANCIAL WORLD
Typewriter Firms Report Gain
 In Business Despite War.
CBarron Financial News.) )

New York, Sept. 1-Typewriter manufacturers are not yet curtailing operations. In the face of closed European markets the Underwood Typewriter Co.,, following it's two weeks shutdown. has resumed opera tions on practically a normal basis. The Remington Typewriter Co.,, which kept it's factories closed for an extra week, has now reopened all except the ' ost plant, which turns out goods for export. The Remington forces have been slightly cut down; however.
 The August sales of the Remington Co. showed g. gain over the same month last year, which was attributed largely to extensive advertising. The Underwood and Remington companies export about one-third of their re- spective outputs, machines being sent to practically every quarter of the globe. The best custom CTS for. Amer ican-made typewrtters have for years been England and her possessions. notably Australia and Canada South America. has been a large user of Ger man typewriters. and now that Ger n1any's fleet has been indefinitely tied up, American typewriter manufacture CTS will make a strong endeavor to improve their South American trade.
 The cotton crop of 1914 again fur nishes curious illustration of it's re- cuperative capacity, it's condition of normal on August 25 being placed by the Governm report at T8.0 as com pared with TAB per cent on May 25. Spring estimates indicated a very short crop, but. as the August show ing is about five points better than the ten year average, the present outlook is for the second or third largest ever harvested.
 Oklahoma. which lasted from late spring until we'll into the summer caused grave apprehension that the seasons crop would turn out ma terially beIov- consumptive needs, and predictions of If cent cotton were seriously entertained Now the situa- ton is radically different, but if plans under way to carry the crop until con- ditions return to normal are success full, the cotton grower may yet reap the reward of his labor.
 The Lake Shore & Michigan South ern Railroad has arranged through J. P Morgan & Go. to meet the $420, ,000 one year notes maturing in London, September 6. by the offer of new one year notes in exchange, repayable either in sterling at the holders op- ton, or in dollars at rate which should represent substantial profit over rates of exchange custonarily ruling in the fall Such holders as prefer not to take the new notes in exchange will be paid off at maturity of the notes.
 The New Hampshire Public Service lCommission has denied the petition 1 of the American Express Co. for a postponem mett of the effective date of the new rates ordered from September to October 1. The request for a rehearing of the rate case was also | denied The company'ss petition was fsbased on the unfavorajble conditions resulting from the European war.
 That there will be a great many reductions in common dividends of American corporations if the war Is continued, for any great length of time goes without saying; however share holders in general feel that Under the extraordinary Conditions prevailing sacrifices will have to be made and they are taking the situation pllilo- sophica1lys feeling that the end of the war will witness a rapid return to normal conditions.
 It is believed that most of the stronger companies now paying com
 mon dividends will be able to main l tain current rates on their preferred stocks The impression in business 1 circles seems to be that the policy l from now on should be one of con- 1 servatisnn, and that every effort should | be made to protect working capital