The Bridgeport evening farmer., 1914-10-17
NEW YORK EXPERT
 REVIEWS SITUATION IN FINAnCIAL WORLD
City of St. Paul Prepares Fig ures Showing Past Year Has Been Greatest in it's Business History = Gutter Market Does Good Business.


 fThe Barron Financial News serv1ce9
 New York Oct. 17-The action of uAnalgamabed Copper directors in re- a,1eing sfle quarterly dividend from 7si-2 to 1-2 of 1 per cent. was in line with expectations, as such a step was foreshadowed by the recent cut in the tAnacontaa Mining CO dividend AnnslE- gamated depends almost entirely upon Anaconda for it's income. and the 20- cent quarterly dividend declared last month by the latter company fully covers the 50-cent dividend on Anaalga- uated.
 4 large number of officials, directors and others connected with the man gerEent of the Rock Island at the present time or formerly are in Wash sSrgton attending the hearing into the management of that property, wn1cn is being conducted before the 1nterstate Com cree Commission. A squad from the accounting division of the Com irnissionss valuation department has been at the conpanys offices here for some days going over the company books
 While Wall Street for the greater part Of the current year has been re- garded as the bluest spot in the coun- try, the city of St Paul. Minn, ap- pears to have been attaining fame as the most cheerful center The city has prepared figures showing that the first nine months of the year were ahe greatest in the business history kof the city. Bank c1earings were sSz19, ,1O2 32g, an increase Of $40,3S1,1O5 over the coTresponding period of 1913. New buildings aggregated $12.49S,o06, an increase of $3,S64141. Bank de- posits at the close of the rAriod were b64 s89, ,0o0, a gain of s14. .9SR 900, and re-. ceipts of the Post Office were g, ,1s6s- t6S an increase of $1Oe.29S.
 Sir George Paish, editor of the Lon sdon Economist and an eminent au- thority on hnance is in this country on a mission looking to the uaightentng o51t of financial matters In New Y ork land London to the end that the Stock Exchanges in these two centers can be reopened. Sir George really comes as a representative of the British gov ernment, and he accompanied by Ba- siI B. Blackett, high official in the British Treasury.
 The New street gutter market, which has been in existence since the closing of the Stock Exchange, prom zses to stir up considerable for Stock E.Dchange houses Many stocks now ching carried by banks as collateral for loans have been traded to the gutter market at very wide conces- etons from the closing prices of July go the date on which the Exchange closed. Hoifherto the banks in com putting margins only considered the prices of July 30, but now some of them are disposed tosrecognize the g..t- ter prices as the basis for adjusting n1argfns. So far only one bank has openly broached the matter to it's clients, and this was only in the form of. a suggestion that it would be the part of wisdom to have all loans prop eriv margirred- Should the@barlxs de- eide to call for margins on the basis of gutter market prices all Stock Ex- change houses with outstanding call loans will be obliged to put up heavy sums to meet the situation.