The Bridgeport evening farmer., 1914-11-30
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD
CBarron Financial News service.)

l (Barron Financial News Service.)
 New York, Nov. So.-The first ses- l sion or, the New York Stock Exchange
 since July 30 passed off very satisfac-
 torily. Trading was confined with re-
 stFictions as to price to the entire bond list comprising 1,OS9 issues The total for the two nouns was $649 ,000.
 The minimum prices established by
 the committee of five were but a few points below the closing quotations of July 30. Transactions were nearly all in small lots ranging from one to five points. A flood of selling orders did not materialize although there was
 much anxiety in this respect from various quarters as evidenced by the many long distance telephone calls
 brokers received. But the heaviest loss was scored in international Mer-
 canti1e Marine 1-2's which droppe ed Il points as compared with the July 30 close. This was due to the serious loss which the company must suffer as a. result of the war.
 With the Stock Exchanges Of Wash ington, Cleveland, Philadelphi and various other cities opening to some degree for business every Exchange
 in the country will today have re- stunned for partial operations at least,
 with the exception Of the Boston Stock Exchange. Transactions in Bos- | ton SS0eDI1J1SS COnI4uQ6 JOs pzaSS Lk1TO0S1 a committee of five, this applying to
 obth bonds and stocks. A partial re-
 sumption, how ever, is looked for now that New York has reopened-
 The minimum prices established for the more active bond issues for Stock TSxchange trading are as follows:
 Atchison general As, 94; Atehison
 conv. 4s, 1860. s9; Rock Island col. Is, 1S; St. Paul gen. 1-2s, s7; Louis. &
 Nash unified 4s, 9O;t New Haven con 6s, 96; Southern Pac. con. 5s, 94;; Ches. & Ohio con 1-2s, 6S; Atchison ad- justment 4s, 81; Rock Island leb. 5s, 51; Amer. Tel con. 1-2s, 94; Bait Ohio con. 1 1-2s. ss; C.. B. & e. joint
 As, S4: st,Paul con. 4 1-2s, g5; Illinois Central ref. 4s, 6s; Lake Shore As, 1881, 1 sg; Nor Pac. prior Hen As. 89: Union Pacific con. 4s, S6; Ches. & Ohio gen 1 4 1-2s. S4; Ba1t: & Ohio first As, 8s; U.
 g. Steel 5s. 99; Inter. -Met. 4 1-2s, IT.
 A new factor has been added to the financial calendar for Saturdays with
 the establishment of the Federal Re~ serve System Each Saturday morn l ing the 12 Federal Reserve Banks in the country will issue in their espec-
 tive cities Q statement of condition as l of the preceding Friday night. These statements will be available shortly l before the New York national bansz i statement issues.
 1 One of the best indices of business l conditions may be found in the bank clearlngs of the country For the past l week they sotalled s2sas14. 365, es3 against | $2, ,S90, 402, ,418 last year, showing 9 loss l Of 7s.9 per cent Of this average loss, New York's decline in clearings amounted to g per cent; Chicago 5. 1 CT per cent; Phifadelphia. PA per cent; Boston. PSF per cent; St Louis,
 12.e per cent: Baltimore, A. per cent ! ana New Orleans, 2 1-2 per cent.
 CT. L. Watson & Co.l
 I As to the question of re-estabIish- i ing, open market facilities for trading
 in stocks, we may trust the authori-
 ties who perfornred a public service l by refusing to open the Stock FIX
 change on July s1 to take no prema, I ture step. Delay gives time for the I further gthening Of the favorable I tendencies now at work in affairs al large Meantime, there are fresh in l dieations of tho growing prominence I of the house of Morgan in the 1nan.
 cial activities of the day. The result I cannot fail to contribute to the re
 viva1 of confidence which Is so vital tt
 restoring normal investment COZ di, \ lions. The country appears to have J set it's face toward definite recupera- f ti0r1