The Bridgeport evening farmer., 1914-10-15
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD

G14UG OH STNOW OFA dAAu DOS-
 ton Gurbs Without Restric-
 tions-Prices, However, Are
 Not Made Public.
 rThe Barron Financial News Service,
 Negus York, Oetober14-A sdgni1acant indication of progress or Sehef plans lol TOT s resumption of business on the olocA Exchange is the change of afllude oy leading bankers. A few weks ago most of the prominent bankers, when ID. 4errogated regarding the probability OF an early reopening of the Exchan8e, threw up their hands in horror and said that the matter couldn't even be considered. Now however they dis cuss the subject calmly, showing that it has come within the field or reason able discussion. The extreme of con iserva4ionisan on the subject has been trepreseuted by the views Of the wei known private banker who until very recenfay i1atiuated thai a resumpuon of business was months oT put Wneh lss questioned on the subject within tne Hast few days gave expression to the Following view. ssNo one in the world can say whether the New York Sfock E,xchange will reopen in the next 1our or fva weeks The furtheSt am pre- E tr,aref5 to go into that conditions are that condftions are improving in a sat ssfa1Hp4v way and that am much more hopeful than was little while ago It would be very desirable to aoring about resumption of trading In securities, and progress is being made In that direc4don-
 Following tho Issuance of the decree directing the sa1es under foreclosure, or the stock of the Chicago, Hock lslano ez Pacific RaiEway CO, pledged under Hhe xChicagos Rock Island & Pac11c Ra11road per cent bonds of 2Oo2, the protective coulzutEee for holders or Kheses bonds has issued it's plan, the iresult of which, if carried through, EvvfH ra to nut the holders Of the bonds an possession of the collateral The z,4an provides in brief for the purchase Of the collateral and exchange Of ten shares of stock for each 5, GOO bona nre deposited with the committee. If khs full amount of bonds does not as serak to the plan, it will be necessary 4o raise cash to pay of the nonde- posftns bondho1deEs shoph the pledge sfock be purchased under the plan
 Of 2. total of 24O2 stockholders regis tered on the books of the American Beet sugar CO as of May 1914, thirty uere European holdings amounting to e 750 60O out of a total outstanding stock If s20OO0. GOO Of a total of 855 Hstocaxho1deru as of June 3o,as14 the Duf1x1a south shore & Atlantic Rail- way had two European stocknoloers whose holdings anounted to $l50,o00. a. tered as of June %. 1914, the Greene Cananaa Copper Go. had g European holders whose holdings amounted to s54 3oDD The Donninian Textile Go. n June 30 had 1y552 stockholders, or whom 173 were European the laIIers holdings amounted tc s5S6. 500.
 The annual report of the Southern Raa1sray for tho year ended June 30 compares un1avorabay with the show ing of x1a e proceeding year. and explain has such far reaching rstrenchrnent plans Total gross revenues totaIled $69,533, 697 against $66 .528,4eo in 1913. Total net revenue was SIS, ,e90347, compared with Isz0. 336 anz The balance remaining after interest rentals and prefsrred dfvi- dends amounted to $2.13s, ,706, which is equal to L 78 per cent earned on the s12o, ,0oo, ,0oo common stock, compared with 3s9 per cent on the same stock X Hast year
 New york, Oct 15-Tradfng in un- listed stocks which are quoted at BIO a share or lower is now going on. in the New York and Boston curb markets except that in New York quotations and prices are not made public In Boston trading operations are being conducted in the same manner as prior to July 30 and all transactions are bedrrg publicly recorded The sup pression of quotations in New York has aroused a great deal of criticism which is aimed mainly at the unlisted securities committee of five, because that body rescinded It's ruling requir- ang unlisted brokers and traders to submit to the committee all bids and offers before execution. This ruHnA afforded protection to those who either bought or sold stock thrugh curb mar ket brkers. Now, however, with the Haroker no longer obliged to submit his orders to the committee, and with transactions sort of confidential mat be greatly surprising if abuses develop that will seriously retard the move ment toward the resumption of open trading in both listed and unlisted stocks. The motive of the committee in rescinding the above ruling is moi questioned. but it's wisdom is coming sn for much serious discussion
 As the date for the hearing of the i've per cent. freight rate advance ap- nroaches interest in the final outcome pf the case before the Interstate Com merce Commission increases. PTepara- lions for the hearings are now being made and indications point to large road me and shippers. All the In kerstate Commerce ornmfssioners are now in the capital The hearings will abegfn next Monday and are expected to run over three days.
 Fine granulated sugar is now quoted by the Federal Sugar Refining Go. at gents a. pound, marking the lowest lev te1 touched for nearly three months Just after the start of the war tn price rose as high as 7.50 cents a pound Buying by Great Britain in this mar ket which was recently strong sus
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