The Bridgeport evening farmer., 1914-02-06
IN FINANCIAL CIRCLES
THE BARRON FINANCIAL

|
 NEWS SERVICE.
 New York, Feb. 6E-An actual scare. ity of high grades is reported by. lo- cal bond houses: and 1t may be safe
 ly said that it is the first scarcity
 that has occurred in many years.
 Present demand for gilt edge securi-. ties is greater than the bond dealers can meet at least at current bids. As
 Illustrating the marked willingness of
 the investing public to loosen its purse strings, many applications for the ST. 100000 South and North Alabama bondss offered early in the week, had to be cut down more than half. Well secured public utility bonds are also in good demand and large issues Of this class which normally would require two to three weeks to mar ket are now being taken by investors within few days. As yet the de- nand the buying movement has not spread to the lower grade bonds, but dealers are confident that as the supp | ply of high class issues contracts cap ttal will turn to the less attractive grades
 In spite of his own denia1s, the re- port that Carl Gray will retire from the presidency of the Great North ern Railroad is generally credited in Wall Street. It is known that Mir. Gray's health has been poor for some time past and 1t is believed that he is anxious to be relieved Of his duties. As for the rumor that he would accept an executtve position with the New Haven, Chairman Elliott of the lat ter road. says 1t is without founda- ton.
 January production of the Braden Copper Go, amounted to 1,213 tons. or z,z26,oOo pounds This is at the rate Of about 3o,000,000 pounds a year, and is the best months output Braden has ever reported.
 An advance Of q per ton has been annouxaced in wire naAls, fence wire and barbed wire. Quotations for plates steeI bars and structural steel remain unchanged at $1-a0 per 100 pounds. Besaemer and open hearth bfllets are from 50 cents to 41 per ton higher than the prices ruling q Virginia Railway has sold approxi- nateIy s1,0ooso00 of it's first morfgage per cent bonds. They have been placed privately by q firm Of local bankers.
 The unexpecfed resiFnation of Pres ident Mcdonald from the Boston & Maine is thought to be due to the fact that plans are rapidly maturing
 for the appointment of the three tr1s- tees who will administer the affairs of Boston & Maine by virtue Of their control of New Haven's holdings In the former company. There may be other changes in the management or the road, but 1t is yet too early to predict just what they will be. At the conc1nsfon of a special meet ing of Southern Pacific directors, the following statement was izsue6 by Chairman Kruttschn1itt: s@The com pany has had under consideration for some time past the question of hnanc- ing, but 1t has not as yet determIned | on any definite plan. The matter is r7 7s<-f5@- l As forecasted by the Barron F4narl- ctal News Service, net earnings of the F. w. Woo1worth co. for 1913 amount ed to nearly Il per cent on the sSO,- 900. GOO common stock. Net sales of the company for the year aggregated l It is reported that two local bank i ing houses have Jointly purchased through J P. Morgan 6 Co. approxf- mate1y $4, 350,0o0 Cleveland Short Line Railway first mortgage 1-2s due 1s61, guaranteed both as to principal and interest by the Lake Shore & Michigan Southern Railway These bonds are the balance of $11, 300 GOO which the Short Line Railway now has outstanding.
 The rumor Is current in local bank ing circles that President James c. Cannon of the Fourth National Bank, has been asked by President Wilson to go on the federal reserve board F 9ecSmDef gross earnings Of the Delaware 6 Hudson amounted to $1.4 S12, ,125 against $1 .994. .2s7 in 1912 Net for the month totalled $257, ,506 as com pared with SIPS 1s9
 Denver & Rio Grande Railroad has placed an order for z,00o cars in the Chicago district. Illinois Central has ordered 1000 cars from the American xss Joe-wlAt is the easiest way to
 drive nail without smashing my fin- ger2
 JosephineHol the hammer in both hands.-Ohio Sun Dial. GaoIer to debtor in prison) )-one of your creditors wants to speak to you.
 Debtor---n you're supposed to look after me, you ought to see that I'm not interrupted at my meals Tell him I'm out.--Pele Me1e.
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