The Bridgeport evening farmer., 1914-11-11
NEW YORK EXPERT REVIEWS SITUATION
 IN FINANCIAL WORLD

CThe Barron Financial News Service.9
 New York, Nov. 11-while most peo- pie in Wall street continue to discuss plans for a. resumption Of business on the Stock Exchange under restrio- tions, the hope is now felt in promi- ineTt financial circles that the situa- ton will take care of itself, and that without modification of the present method of doing business, at the prices of July 30, the volume of trad ing will reach large proportions be- fore the end Of the war. Since the congressional elections an innprovlns tendency in the demand for stocks has been noted, and the change at tae opening Of the present week has been marked. The committee on clearing house of the New York Stock Ex- change refuses to give out definite in formation, but it is known that some good sized transactions have been re- gently put through at the July 30 prices. and that in 8 few cases, sales have been made appreciab1y above { those figures. A couple of weeks ago the amount of business through the. committee on clearing house was neg sIfgfbIe; but there have been instances lately of individual purchases of 1000 or more shares, and the fact that many selling orders have been can- ce1Ied is hardly less important than the increase in the buying demand
 Business Of the international Steam Pump Go. showed some Improvement last month, following the sharp re- lapse that occurred in preceding months as a result of the war in Esu-. rope. Examination of the company's s accounts and plants are expected to be completed in the near future. Work Of writing a plan of reorganlzation will be taken up as soon as. the work is finished. perhaps next month The
 
 given notice that after December 15. deposits of bonds will be received only upon such teI1nsNas from time to time be approved by the committee. More than GO per cent Of the Outstanding bonds have been deposited with the Ecommittee.
 The United States Steel Corporation reports it's thrilled tonnage as of Oc- tober 31 at 226,570 tons In view of the depressed condition Of the steel in- dustry the showing failed to occasion a. great deal of surprise. This de@ crease in nfiiled orders was at the rate Of 12,100 tons a day. Ut. is likely. that cancellations have had some | thing to do with the large decreases report in thrilled tonage for recent months, but no fl igures covering can cellations are given out by the cor poratton
 Al least q couple of wall strees
 
 tiated time loans in London on fa- Yorabae basis, and it is not improbable that there will be further borrowing at that center in the comparative near future The purpose Of the Wall street houses in obtaining loans fn the London market is partIy as an act of preparatfon for q resumption of l business on the Stock Exchange. the houses desiring to place thenselVes in position to buy stocks in the event that bargains can be secured wheIl active trading has been resumed. I The fortnightly bulletin Of the l American RAILWAY association shows l that on November there was a net l surplus Of idle cars on the lines of the l United States and Canada of ITO, ,o9s, compared with l51.9s2 on October 1s plus was 1T2.325, against 154,342 while l the gross shortage changed from z,sso | to 2229.