The Washington herald., 1914-10-08

quarters that stock exchange authorities
may take over" or extend their turis-
diction to the New street curb market
following the supervision recently estab-
lished over unlisted securities under bank
direction In q way the Broad street
curb market IL now a stock exchange
Institution. Irregularities reported from
time TO time from the New street curb
are causing y close unofficial supervision
By some Of the members OF the exchange
according to our reports which also show
that the exchange houses are keping in
close daily touch with prices in that mar
ket The letting-down Of bars on outside
unlisted securities has expanded trading
not only there but on New street
London having 'recognized'' curb mar
ket az the present time for all classes of
securities, 1t is held in some circles that
New York financial authorities, including
banks and stock exchange interests, could
very well establish the same kind of a
market as a step preliminary to re-
opening the exchange. Such q market
could, It is said, provide a freer trading
for investors, many of whom, as bargain
hunters, are daily trying to get listed
securities at lower than the July 30 close.
In one respect a wholesome change in
public sentiment is noticed. 1t is be-
coming evident that the country no long
er considers the depression as a mere
Wall street affair. There have been
times in the past when conditions were
quite unsatisfactory, but out-of-town
bankers and business men. who should
have known better, said Wall street was
the only blue spot on the map, and that
its troubles did not concern them. Now,
however, they are beginning to feel con-
cerned, and to act accordingly.
There is no Disgusting the fact that IN
stock exchange circles some concern is
felt over the decline in prices on the
curb. The outside market is a small and
narrow affair but prices there would
not have declined as they have done
II there were no stocks for sale, or II
investors were very eager for opportu-
mites to buy at figures close to those
which prevailed 1t the end Of July. 1t
may be, however that the readjustment
Of prices now going oil may be carried
too far, and that tie lowest figures will
be seen before active business is re-
sumed on the exchange.
The Southern Railway and affiliated
lines are making educational exhibits this
fall at nine State and general fairs and
at thirty-one county fairs in Mississippi,
Alabama, Tennessee, Georgia, North Car
olinA. South Carolina and Virginia. These
exhibits are in addition to the displays
which the same companies are making at
three large expositions and thirty dis
trict and county fairs in the North and
West for the purpose OF advertising the
South to the people living outside the
South. the exploitation work OF the South
ern this season being the largest and
most comprehensive yet undertaken. At
each exhibit several representatives Of
the various companies will be in attend
ance. Domestic science. dairying, horti-
cultural and other subjects identified with
Southern farm life will be demonstrated.
Copper and cotton are companions in
misery Just now. Electrolytic copper was
as selling at II 1-2 cents q pound.
which is said to be below the average
cost Of product in this country. Domes-
tic consumers are buying it more freely
since the big selling agencies stopped
''blufing'' and began to quote real prices.
Some stone shovel copper mines can still
make money, but copper mining does not
pay at such prices in Michigan or Mon
tana- Further declines will close some Of
the largest mines in the world.
Plans for the entertainment OF those |