Show Local Bond And Security Dealings S. S W. W Straus Stran Co have hav purchased an Issue of 6 per cent first mortgage mort gage serial aerial coupon coun bonds maturing In from to twelve years of the Broadway and Seventy seventh Street corporation secured by the land cod and building of a story fourteen modern apartment at the northwest corner of Broadway and Seventy seventh street The bonds are the direct obligation of the borrowing corporation ana coupons coupon are payable April 1 and October 1 Moodys Moody's Weekly Review of Financial Conditions Condition In Its current Issue says say In part Railroads stocks and bonds bond are the weak features feature of the marker Other bonds too are aro heavy and sagging a lit lIt tie tle Our railroads ar are being tried In Inthe Inthe the court of public opinion which opInIon which 1 i hardly a very competent and impartial court with court with the farmers farmer bloc and th the radicals a as prosecutors Bonds other than rails are sagging Bagging in response to such factors factor a as absorption fo funds In trade trad expansion rise in money rates moderate expansion of credits credit and a large supply of new bonds bond themselves Credit expansion however has ha thus far been financed entirely by the member batiks while the capabilities of th the federal fed eral reserve banks have not been utilized so so that the expansion should not become become be be- come threatening prior to the autumn boom If it at all New England cotton cottonmill cottonmill mill business appear Important a as a barometer of the labor situation and of the future of cotton cotton good an l mill shares hares Wages In these mill even 11 before the September advances advance were about double tho those of prewar times time i whereas other wages generally were r only about 5 to 5 85 per cent ahoy abor pro pre war Th The big rise in cotton itself Itself Itself-be be gao gan a year ago whereas cotton goods good prices price did not show chow any considerable rise until last October Raw flaw cotton moves move two or three months month Chead of cotton goods good while the good goode move more on one or two quarter ahead of dividend payment pay pay- meats ment Any further sustained r rIse in mill shares improbable Building coi which w we exhibit by months month from 1914 Co fo date ar are advancing too fast The Th rise foreshadows foreshadow a restriction of building operations operation before th the end of th the rear it and such restriction should b be counted upon by th the industries to be affected af sf- by ii IU MANILA April 9 E. E W. W V. V Wilson general gen gao aral eral manager of th the Philippine National bank resigned here Cod and Trinidad president of th the bank wa was appointed acting manager until a per per- manager la is elected |