The Bridgeport evening farmer., 1914-12-14
NEW YORK EXPERT
 REVIEWS SITUATION. IN FINANCIAL WORLD
6Barron Financial News service.)

(Barron Financial News Service.1 New York, Dec. 1.-The sale of shares in various beet sugar connpaL-
 nies held by the American Sugar Re-
 lining Co.,. continues in the policy of d1sposing of these outside se1lings as rapidly as possible. During the past few days the American Go. has sold it's entire holdings in the Utah Idaho Sugar Go. and the Ama1gamated Su- gar Co. In the former corporation the American Go. held a 49 per cent interest amountings to $4,65O,OOO at par. The American company's in- yestment in the AmaIgamated Sugar %. was originally 50 per cent or $1.-l 275,70O- Of this holding however, one-half was sold last June to lead
 CTS in the Mormon church while the other half of American Sugar Co.'s
 holdings in the Amalgamated Go.
 were disposed of to the same buyers late last week. Thus far in 1914 the American Sugar Refining Co. has sold $6,297, ,230 par value of beet sugar
 stock of which $5,3OO,000 were dis posed of last week. TheE comprised
 the entire holdings of the Utah Idaho Go the AmaIgamated Sugar Go. and
 the Lewiston Sugar Go. Against these holdings the American Go. has cash in it's treasury.
 During the period in which the l stock exchange was closed there was I a wonderful distribution of stock of the Alaska Gold Mines Co. Since
 July 30. over 100000 shares were bought and paid for outright by New England investors and an actual ma i 5ority of this company's capital is now 1 held in the New England states
 Under the new order of things 1s1 l stocks listed on the New York stock
 exchange may be traded in on the
 a minimum price level which has been decided by the committee of five.
 Stock of 145 other companies listed
 must continue to go through the stock exchange clearing house. also at or l above minimum price. A few shares
 including Phelps Dodge & CO, have
 not been provided for in any way ow- ing to the fact that they are general I 1y inactive and of a. highly invest
 ment character. The resumption Of trading on the floor Of the exchange
 has brought back to Wall street hun dreds of former employees who have 1 been idle for the past four months and generally on part salary.
 J. s. Bacfe, a prominent banker,
 has become a bull on the market and l his reasons for taking that attitude I he expresses as follows:
 | we now know the worst and when ! that stage is reached the country is
 ready for Improvement. The Euro pean war may end disastrously for one side or the other, but that can | not eSGI1OuSIysez aII6C u5s 4lG44 WOrSC that can happen is already reflected l in the prevailing level Of security prices do not believe there will be i a great volume of liquidation for for
 eign account Those who were obliged to Hquidate have had an op-
 portunity to do so even while the ex- I changes were closed; and have suf- ftcient respect for the Judgment of lforeign investors to feel sure that they will not voluntarily throw their hold 1 ings of American securities on the l market at the present low level of I quotations They are assured of I safety and good return in Amer1- I can securities. and they are not like I Iy to sell these in order to buy the
 new issues of goyernments whose fI-
 nancial solvency may be open to ques- I ton.
 securities are now comparatively
 small, for that country has been li- ! quidating for the past two years. I I am bullish also for the reason that
 there is a rising wave of pro-railroad l sentiment in this country, and 9. de- l termination to end fhe harassnent of ] the transportation industry which for
 years has been a serious obstacle to l the growth of prosperity. know there is such a wave, for I see evil 1 dence of it even in Washington, all I ways the last place in the country to I I I believe the railroads are going to I obtain an increase of rates, but that has not influenced by attitude to-
 wards the market. If we get the in- I crease prices will respond to it, but z 1t is useless to endeavor to forecast I what the Interstate Commerce Com l mission will do. There must be a number of people who expect an in 1 crease; but there has been no specu-
 lative buying on that expectation and,
 therefore, there would not be selling
 by disappointed speculators if the de- 1 nand of the roads were refused. I
 do not know that refusal would be l a matter that should cause uneasi- l ness; as the result of it would prob l ably be an insistent demand support 1 ed by the president of the United
 States for legislation to put the pres
 ent Interstate Commerce Commission- i CTS. out of office. and create some new system in keeping with the tendency of the times, and the best interests
 Of the country at large,''
 New Haven stock closed Saturday
 in New York at 55 3-4. There were no board sales of the s per cent. de-
 bentures but a price of .104 came over
 the wires. Old Colony stock, guar 1 anteed. ' per cent. by the New F1aL-
 ven,', sold in Boston at 14S. It used
 to be about 184. Rutland preferred.
 with 200 per cent. accumulated divi-
 dends unpaid, also controlled by