The Bridgeport evening farmer., 1914-07-28
CRISIS HAS ITS EFFECT
 UPON WALL ST.
-oRarron Financial News.)


 New York. July 2S-General demor- alization throughout Europe's finanelai oenters has followed closely In the trail of the Austrian Servian dlfIer- ences. At a time when the Unlleo States has been doing it's best to re- cover: from it's own apathy in general business the European war cloud mas made hazy4 a genuine improvement in the immediate future at least Blg crop predictions will doubtless prove true in fulfllment, but such an inn portant factor will be offset very large ly by Europe's troubles should they turn into an armed conflict Then, too, the Ulster situation has for some time been an unfavorable factor in the general situation that has been hard to down the British government appeared early in the prospective role crisis.
 Record sales of wheat for export have looned up prominently during the past few days. Russia's possible shortage has been largely responsible for this demand, although. the possi- biIity of g. European war also made it. self felt Fully 5000, 900 bushels in two days constituted export transactions at the close of last week and this huge tonnage, owing to cheaper freight rates, will be shipped to Europe via New Orleans.
 
 annual statement for the half year ended June 30 showed a surplus equal to PAY per cent. on the $25,0O0, 900 pre- ferred stock or 4.94 per cent for the full year if this rate were maintained
 Unf1lled orders for finished and semi finished products and pig iron totaled 214, ,ss5 tons and S6,992 tons respeetive7 ly under these elassiications. In each instance, there was a gain of about 40 per cent. as compared with the end of 1913, marking the previous semi annual period.
 now under fire of the Federal govern ment in an antitrust suit, made net earnings of $1 ,070, $40 in the first six months of this year, the equivalent of s.59 per cent. on the $29 900, 000, 900 outstanding preferred stock These earnings were slightly less than those in the corresponding period of last year The first quarter noted the best l improvement in business, but the gain was not continued through the second quarter ending with June. In the first month of the third quarter, however, there has been some indication of inn pavement again which has been re- flected in the July earnings reported to date. It has been decided by the management as result to reopen the companys' plant at Pekin, Illinois. The l company has just announced an. ad- l. eC on all it's products owing to the ad- vance in corn.
 The rate decisions continues to form the principal topic in the financial district. although 1t is everywhere con-
 7ed that there has been nothing thus far to base predictions upon. So far as a leak is concerned, it has long been known by those, in touch with the Interstate Commerce Commission that it's decisions have been as jealous ly guarded from leak as those of the United States supreme court itseIr. The commission has long been aware of the importance of it's decision in the appeal of the eastern railroads for permission to advance freight rates per cent, yet this has not caused this Pody to hasten it's investigation into the subject at the expense of the decision itself.
 The Interstate Commerce Comrnis- been extremely overworked and its office force has not been of sufficient size to handle to the best advant- age the gigantic mess of data that has been collected in various hearings on many matters.
 The announcement of the Treasury that $34, ,OO0. 900 would be available for crop moving contained the statement that "gov ernment funds will not be needed in New England This was regarded in Wall street as superhuous to some extent as it has come to be kgeneraIly regarded that business in New England has suffered most se- vereIy while the constant attack on the railroads there has been instru- mental in forcing business away from that once leading manufa curing cen ter New England has not figured as a crop district except to a minor ex- tent in potatoes and tobacco; but aid in moving them has never been neces- sary to seek from the government. Resumption of gold exports and the war scare played havoc with foreign | exchange market. For Wednesdays Fsteamer. there was engaged at the sub treasury here $9, ,6oo,oOo gold, upon which it was next to impossible to se- cure insurance. In some instances exorbitant rates were charged while 1 some shippers were unable to place any insurance whatsoeevr.