The Bridgeport evening farmer., 1915-01-01
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD
tBarron Finaneie1 News seryiee.)

tBarron Financial News seryiee.)
 New York Ian. IA scoInpifuticn of t1 6aI transactions on the stock ex- change during the year 1914 shows tal satssA ;522 shares were tTfadei Tn during that period as against more than ss 000 900 in 1913. This comparl-. son gives a fair idea of the rougn journeyinsr Wall Street has had during the year just expired. The year was A marked by numerous developme ents Of j denoraHzing character. chief or which was the great European war, Which put the finishing totch 10 the depression resulting from various causes, Including the Mexican dis turbancess and the New Haven affair. The strength in Bethlehe ein steel common steeks which has touched high record mark on the current up nlors that the stock would be placed on or a dividend basis These re ports, however. are<not given credence, s5s it is believed that the company S 1nahageEnent will not depart from It's 9solIcy of putting back into the prop eftv and reserve funds all surplus sBove preferred dividend req uirenaents Iese sorns time.
 I4l connection with t be question of lsfaintaifsng minimum prices, the | l7airr11an of the stock exchange com 1rf4ttee on this subject issued the fol- lowing statement
 Owing to the uncertain posi- ton in- tidente to the war, and the abnormal Soiltiftions of the foreign markets, it Isss been deemed wise to guard a sud- den daegnpra liza ton of prices that Ia ght come with some unlocked for s8Tinlz1ll1fls prices uFnish this feeuard by arresting a panicky de- inc au utofna tically. It is not the inT # ii tion. however. that minimum prices sA8t1ld be used to valorize or sustain
 
 such a procedure would lead to the es- tablzshment of an unregulated outside market if the natural trend were ig- ahrsd
 Committee to keep minimum prices as lar as possible in conformity with supp ply and demand, while at the same nle using them as a check against 7vnforeseen panic.s
 The past in the mon ey market was an eventfuI one, and produced re- TiaaFka ble deveIopm ents of an unpre- etedanted character, Upon the out burst Of the war which came most un- expectedly, every known remedial measure was adopted to restore condf- iti6ns to a more normal basis. The banking power Of the country was alive to the situation. It exhibited 4fae most extreme generosity, the greatest patriotism and wonderful amount of se1f-aacrif1ce- A morator- i4t11Q was Dr<4CI1Eaady sQGcat1Te eQ.# NC Vrlan pushed on call or time loans The position was not so acute to the aver age nnan as was the panic of 1907, fol czzrrenny was abundant and credit protected There were $11, ,285, ,00C clearing house ce1-ti acates issued by Boston banks, the first on August and the last was retired November 24
 The bond market did not do as vel during 1he past year as had beer expected due chiefly to tho fact Ina the bright pEospeets existing in tn. early part Of 1914 were bIighted by tn. u.n1break of the war For the hv, later months Of the year corporat, dnancing averaged in volume $100 ,O0o Ga0 month less than for the earl, months of the year After war wal deelared tIae market for bonds as wei as for stocks vanished into thin air but upon resumption of trading it wa made strikIngly evident that alarm ast fears were groundIes3 end tFa bond prices were not about 70 fall t unheard Of Isw levels. n ise amour of securities issued by rIfsrhear Cor p0rat lions during the year was abol $1s 2T0 000. .O0e, which compares wit $i269O s0Q0.0D9 In 1918 and about $d ,780, GOO s00Ds in 1912 New municipal Issue were actually of a. laEsgers aggregat than In 1913 Fsdth s451, 00o,000 this yea compared with $402, ,0oo, GOO last Tn deerease in trading in listed bonds q, tiae exchange from 1918 was s40.oOO. 900 or eight per cent.