The Bridgeport evening farmer., 1914-12-04
NEW YORK EXPERT REVIEWS SITUATION IN FINANCIAL WORLD
CBarron E'inancial News service.l

CBarron Financial News Service.) New York, Dec. Next to the re- sumption of trading in bonds the most important step taken by the stock ex- change toward general activity in the securities market is the decision to make public daily the final nrices +o-a gether with bid and asked quotations of the stocks now traded in through the clearing house. They all show important recoveries from the July 30 closing levels. The impression gain ed ground that the exchange would open for trading in stocks under re- strictions before Christmas.
 The stock exchange has undertaken a pig task in trying to eliminate the socal1ed bucket shop evil. The basis for this task is found in the recent ticker contract entered into with the
 Western Union Telegraph company which gives to the stock exchange au- thorities permission to pass upon all applications from various parts of the country have been received by the stock exchange and favorable action
 has been taken upon. about 1000 of the number. An outside brokerage concern in Buffalo has enjoined the Western Union from discontinuing its
 ticker service but the stock exchange
 will make a test case of the matter in court in conjunction with the West
 ern Union company.
 A total of 12O companies have either passed, reduced 6r deferred
 their. regular dividends since the out break of the war, thereby bringing the total loss in revenue suffered by stock holders up to $23.71 s,4s3. Of this number, 76 corporations have
 passed or deferred their disburse-
 rnents, while A have reduced them A classification of the various corpora tions shows that the greatest hard | ship has been suffered by the holders of steel and copper shares. Their to- 1 tai loss aggregated $14S32537. Eleven copper companies have pass ed their dividends, and five have re- duced them within the period. Nine
 steel companies have passed them and 1 three have made reductions. Among 1 the public utility companies. 20 have l passed their disbursements and two 1 have reduced them.
 1 At no time since the European trou-
 b1e started have the effects of poor
 business in the Brooklyn Rapid Tran sit conpany's territory been so ap- 1 parent as in November. The month
 showed a comparative decrease in gross of about $5O,OOO, a daily shrink 1 age of $1,600. This is the first sub- | stantial decrease that the property 1 has shown for many months.
 Advance figures compiled by the
 Inter State Commerce Commission 1 from reports of revenues and ex- fp 1 the, United States for October 1914 show mileage of 12Sso19 against 5126,- 1 629 for the same period of 1913- ! Operating revenues were $169, ,429, 929 against s179.271,164, operating ex-
 penses $10s. 945, ,169 compared with i s122, ,704,907 and net operating reve e
 nue $4s.934,760 against $56, .257.s Following the purchase of 2,o00,- 900 bonds from the Republic of
 Panama the National City Bank has
 now in conjunction with Kuhn, Loeb & company, bought from the Swedish
 government $5,000,000 two year per
 cent treasury notes which are being
 offered at par and accrued interest
 The announcement was made that the proceeds of the. loan would be used to provide the government with a commodity credit in this country This constitutes the second loan grant, ed a neutral European country since the war broke out, the first. being a $3,00O.oO0 loan to- Norway. Other foreign credits established here are $22, 2,0O0, 900 by the French republic and $1, 100000 by Russia.