The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
FINANCIAL NEWS
AND COMMENT
Hopeful Expectations Attend
the New Rate Case Pro-
cecdings.
EXPORT TRADE GROWS


the week end for Wall street consldcra-
lion even though the customary meons Of
.a-...t. s.... ,a - .., -
- 10
'"'"i"B' Inc TeoPeHlhH oi tine EaSterh
rate case naturally had pronin mt place
in financial and business regard because
az tho bigbIv favorable or unravorabta
,,,e,,a,,,oa 49,, 49,, - c.o.,, :,
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, N''"''"" WI" P'""""'' w "eN"'e" i"'
ft" Gays 10 ooSerNlhg tne proceedings
with view 10 noting the commissions
attitude toward unnecessary delay II
,ho h.ori,,, t. ovrod,,.d Z, ru ba tutor.
"
Pe'ea rs Pop't"uS lo' S"'S'"''orE
ruling on the application FOR an ndvan""
In rates which. II allowed, will do much
to strengthen railroad credit. revive In.
,.,.,,,,o,,, ,,.,a,,o,,oo ,,r,t-isb o,,,,i,l
.t-..,.
Su"'n an" oHer po''"'''' S''"u w
general business. That the rate decision
may paw, the way for a resumption Of
rec,la- bu.tnoss I'm III. securities ma -lset
a., =, IT,. 49,, -. A. ,o,,n,rv,s
'"''
Hn'h''H! Cc'''''' nv i''' '''' '"e N'''
. mission reOpened the rate case was III
itself recognition OF the emergency with
wnicb ,h. railroads ara confronted
About as strtl,Irs a point as was made
,,ss,,rd,, ,r,, tho fallurn OF the Eastern
oarrier. ,o sbou arv margin over re.
durod li,.id.pd navueuts in the vea~
endod me- al last fIe irs, wear in a
dncodo and n hair v.itnou, "A surplus over
s,,,h d,shursan,enta Indeed the dividend
siis,rih,,,tnr .xcseded somewhat the income
a,,a,istIa sor +ba, n,,rnose This. be IL
r,,sd ,,as before tho war which has Ger
,a,ni,, aa,,o ,,o,hiny IN Innroya the Dosi-
,,o,' y, ,hn ,ronsnnr,ation Industry.
Ady,c,s from, m. seat of war were on
,h1 ,,nois 80 a, encouraging tenor ac-
.,,.,,,,' q, .no nr,yaiiinV views enter
,ntnad bo,c nc 70 ,ha outcome most likely
m no Of American advantage. Nothing
Zoe ,-,rs,Ir.d sn far affecting the pre-
ti,,,t,ar,. r,,,,.ar.,tfo, hat,yeon the Brit-
~ ,,,-,,,oi ..,,,is.., riaa who arc in this
r,u,,ry ana our governmental and bust
-, .o,,r,,,,,,1,,t,..s "a abow What the
100000 ti,., Of rouoti,tions ,yIll he hut
foe,iny og conndanc, ur.yails that they
,,lu o"d f., ,grannents CONDUCIVE to a
,,,',,to,, e ~ ,or,tc, excb,nrc stock
a,,h,,,,.. .,,,J c,t.,, ,vchapy, t,roblerus
-rh.r1 ~, i,dlr,tio,. ina, tho nlan
for >, handing nonl I'm make loans on cot
,,, ,ndo.u.crt ,,odiacatiou in the con-
s-,, t., - az ,.al nd Az
an.Iiv ,don,.d i, seems likely 10 con-
,nn,ni,,s the nrnvision OF facilities for
t,o ,,o,.o,,ant ~ cotton into consunntion
a. l.,st NJ much a. 1, furnishes aid 20
~, dis.-.ss.l ,,,,o,, gro,vsr
Anrooos Of sorne % the thln.s that have
boo, sa,d lately anon, the circumstances
~ ,h. co,,or ,i,,,ar Il, na-tictl,r and
tbe nnlicv Of ,he hanks in general IL in
worth ohsarv,ng that ,he Comntroller of
tho Currencv'a abstrec, Of national hank
co,d,tiops On ,bo San,anbar ,,u makes
a curious commentary on some of Mr.
NcAdoo's ut,erances Tn. central re-
servo cities rapor,ed nm spgrapsfe re-
s.rve dehcl. az NOR far f-on, $40 600 600
surplus soneNha, above the June total.
President wilson's nraisc OF tho record
NJ conur.ss IN Tho letter nrenored ror
ca,,noign usc might M another time have
come In for n good deal of financial dis
cussion Financial opininn at the mo-
,n.nt is however. that tn. war conditions
hay. prerludad any fair test of recent
political achievements and the country is
not in the main inclined now toward no
litical criticism when there IL 50 much
else % think about
Firmness continued in the grain mar
ltets. wheat making another strong adj
vance. with the May option MP two cents
q bushel at the close Prices responded
to more heavy export buying and T.
the Agricultural departments review Of
the crop year showing that despite the
enormous Yield % wheat In the United
States the total world crop was 10 per
cent below that of last year The Sep.
1cmber statement Of domestic exports
made an Interesting revelation of IA for
cign demand for our foodstuffs the wheat
and -four exports alone being twice the
total ~ similar shipments In any pre-
vlous September in the present century
From all sides also Wall street Is
hearing and the banks through the pay
ments which they are financing have dl-
rect evidence 81 the steady expansion ~
foreign buying IN this country Eu-
e. Eos. Il. A