The Bridgeport evening farmer., 1914-09-12
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD

(Tshe Barron Financial News Service.) k New York, Sept. 12-The general demand for currency during the last few weeks is indicated iby the reduced amount of national bank notes sent to Washington for. redemption. Taking the fiscal year to date, that is from July l, the total amount of national bank notes sent to Washin gton for re- demption is $89, 9,976,225 as compared with $121, 440,127. for the correspond ing period last year In August the redemptions were only $29, ,S37, 1858 as compared with S52, 2,4S5,529 in August, 1913. The falling off in bank note re- demptons was already apparent in the compilation of the currency move ment in and out of New York.
 Traffic officials of various trunk line roads agree that traffic during the first eight days of September increas- ed materially over the corresp onding period of August. They attribute the gain to the revival in export traffic, especially grain. This traffic, all ing to pick. up appreciaibly and the outlook for further gains, according to the officials, fs bright. Freight earnings of the roads generally in the first week of September, are below the corresp ending week a year ago, but not sufficiently below to be dangerous. All agree that earnings reports for the month of August will ibe bad indeed: Railroad men believe that Washington officials have no knowledge of the infinite trouble and expense the pro posed per cent. tax freight re- collected from shippers by the rail- roads would cause They are asking what means Washington would take to compensate the roads for the ex- penses of acting as collectors. They point out that on interchange traffic between railroads infinite comp1ica- tions- in the matter of collection would arise. s<
 At the annual meeting of the Amer ican Locomotive Co. in October it< is expected that some Important changes in the personnel of the company will occur. In addition to the election of some new directors it is believed that radical changes will be made in the
 nanag ement with a nearly complete list of new officials at the helm. A Baltimore minority stockholder has been agitating a change of manage rnent for many months, charging that the present management was not ad- rninistering the affairs of the com pany to the advantage of stockholders. This stockholders champaign has been so ably conducted that the most Influential portion of the directorate is of the opinion that it is better judg- ment to bow to the inevitable than to attempt to, follow a Stand-pat policy.
 The General Electric Go. has ex- perienced a. marked falling off in or ders asa direct. result of the European war For the first half of&19f0 the company booked sales at the rate of $93, 100000 per annurn. For August. bookings. were at the rate of less than s7o.D00, 0o0sper annun. For the eight months to September 1 new orders came in at a rate of $8s,oo0,ooo per annum. The balance of the year will probably duplicate in approximate de- gree the decline so clearly, demon strated in August, The management expected that the full twelve months to December 31s will show a gross volume of incoming business of not much more than~$7 .O0O. .000.