The Bridgeport evening farmer., 1914-09-29
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD
General Improvement in Fi- nancial Situation Here and Abroad Causes Business Men to Look Forward to Resunlp- ton of Stock Exchange Trad ing.

1 eThe Barron Financial News Service) l New York, Sept. 29-Such notable l progress was made last week in loosen ing the foreign exchange market, in | stimulating the confidence of foreign l investors in American securities and lin expanding the trading in securities i in the New York financial district, that
 over the weekend prominent bankers
 seriously discussed with officers of
 the New York Stock Exchange plans
 for the resumption of business on the
 Exchange.
 It was not, Of course, proposed that. the Exchange reopen at once or in the near future for dealings in all de-
 partmerks. That might invite flood of liquidation impossible to stay, and both bankers and brokers are Sinsistent that when business is resumed it be on such a stable foundation that no
 event, however unlocked for, can conn pei another closing. It is not unrea-. sonabIe to expect the removal of more
 bars against trading this week. It may be that the next advance will de. stroy the restriction against tradine
 in stocks through the Stock Exchange l-C1ear1ng House at prices below those
 Of July 3o.- The experiment of so
 dealing in bonds has been successful
 and it is reasonable to expect that the
 rule applied to bonds will be applied
 to stocks.
 The National Lead company has
 less reason to complain of the effects
 of war upon its trade than large
 majority of the industrial companies
 Its plants are running close tot capac- ity and the sales for the year to date
 do not show a great falling off from
 the same period a year ago. Officers
 of the company are making a study of the business situation affected consideration to plans for taking ad-
 vantage of unusual trade opportunities
 presented at this time. Already the
 company has received inquiries con lcernipg it's products from countries
 with which it has never before done business, but it is something of a ques- tion how much energy and capital should be devoted to corfaling l. mar
 ket that is likely to be temporary.
 If western railroads get the advances
 in freight and passenger rates which
 they expect. their revenue. on the ba-
 creased between $20 00O, GOO and $25,- 100000. about equally divided between
 freight and passenger earnings Ac- cording to the vice president of a are planning on much smaller ad-
 vance in freight rates than generally supposed, and they are not seeking any general advance. It is their conten-
 ton that rates on many commodities are too low, relatively as well as ac- .
 packing heE1se prodncts and grain. The
 total Advance proposed, However, will
 not be nearly five per cent. of the total freight tariffs.
 In response to inquiries by the Bar ron Financial News Service. thirty one Icorporations to date have reported the amount of their stock held in Europe. As of June 30. 1914 these holdings to- tailed S318, 133, or. par value. of total outstanding stock of $3. .064, $50 775, equal
 to about 10 1-2 per cent. United States Steel Corporation shows the largest amount of stock held in Europe, hold ldngs of the common being $122, 404 800. and of preferred s27, ,514. 200 on June I, 1914. Total foreign holdings of Steel, including Canada, on June 1, 1914, were $127, ,424, 700 common and $31, 283, ,2aD pre- ferred. Next to the Steel corporation Pennsylvania Railroad reports the largest European holdings these on June 30, 1914, amounting to STA. .490, ,442 Of a total outstanding capital of $49e,- 265. TOO, equal toS14.9. per cent. Another company with large European holdings of stock in Kansas City Southe ern, of whose $51, COG, GOO Outstanding stock l $22, ,205 800, or 43.5 per centt was held abroad June 30,s 1914. Of American Shelters preferred A stock. s11, ,962, 300 out of $17,000, 900 outstanding was held abroad. and of the preferred B $13,- 1 550,400 out of $30, 900 GOO outstanding American Telephone & Telegraph Eur Iopean holdings total SIP, ,479, 800 of a to- | &r,J ,+e.%.. Ns,A 4 CT 1an