The Bridgeport times and evening farmer., 1919-05-13
Real Estate and Insurance

the ultimate success of the loan, be- cause of the knowledge that the banks and other financial institutions would step into the breech and make good any failure in popular subscrip- tons. It is unfortunate that the banks should have been obliged to assume so much of the burden, but there is no doubt that they will be able to distribute this loan much more rap idly and effectively than the previous issues.
 Legislation in the Next Congress.
 Congress will be called in special session May 19. Its first function will be to organize, an operation that may be carried through in less than two weeks, though ordinarily requiring d longer period, especially when the appointment of new committees is in question. In all probability it will prove highly interesting session. The first subject of importance will be that of the heavy Appropriations left from the last Congress. Next in importance will come the questions of revenue, taxation, tariff, etc. The restoration of peace will doubtless af- ford other problems foF Congress to adjust of social and industrial as well as international character, and I come more and more urgent. It is now stated he will arrive early in June. Many New Enterprises. One of the most convincing evil dences of business revival was the all ~most unprecedented volume of new enterprises. In April the total report ed of concerns with a capital of $1OO,- coo and over was $515, 5,0oO,OO0 com pared with S37O,O00,O0O a year ago. This monthly total has been only twice exceeded; in 1917 when many war concerns were created, and in 1901 when United States Steel was brought out. Such figures afford sub stantiaI reasons for encoura cement. Among the features of the returns are the large numbers of new export and import concerns, new oil and gas companies and new drug and chemi- cal manufacturing companies. In new shipping concerns there was a sharp decline.
 Stock Market Conditions.
 This week the stock market labored under conflicting influences. The holiday, the Victory loan campaign, the unfavorabIe April railroad report and the drop of the country's monthly iron production from 112 ,O00 tons in
 
 served to somewhat restrain bulHsn ardor. On the other hand there was l no weakening of the strong undertone based on conditions now very fa- miliar. Much of this confidence is based upon the belief that when the i Victory Loan Is over the money mar ket will be less and less under the in | fuence of Government operations. 1 which for the last two years have more than absorbed all new capital. i Imitation permeated every portion of 1 our economic structure, except peace 1 securities. These are now feeling such influences. and the outlook is for | a strong market for some time to 1 come. Some of the industrials and 1 specially shares have made remark | able advances, necessitating discrim- l ination in future purchases, giving 1 preference to some of the lower | priced stocks hitherto neglected. The | May crop report indicates a wheat i yield of about 00.0O0,00O bushels valued at over .s2.OOO.OO0.OOo. Direc- 1 tor General Hines of the railroads has 1 invited bids for 100000 tons of steel | rails. which removes Governmental l control of steel prices. Both these | developments are important favorable 1 factors.