The Bridgeport evening farmer., 1914-11-14
NEW YORK EXPERT
 REVIEWS SITUATION. IN FINANCIAL WORLD

6Ihe Barron Financial News Service)
 New York, Nov. 4-Stockho1ders Of the nine former Standard Oil Pipe line companies will this year lose con- siderably more than $2.500, 900 in di- vidends as a result of depression in the oil business and lower pipe line rates This is loss of more than 15 per cent compared with last year s pipe line disbursements of S15.S47.- SIS. Eight out of the ten companies in this group have made their final declarations for 1914, and their pay ments will show a loss of $2,45e, o0o. The final dividend Of one of. the other threes National Transit, will probably show no change from the regular rates. The infffativet in reducing dfVf- dend disbursements was taken by the Southwest Pennsylvanias Pipe Line Co. in September by declaring a dividend of per cent quarterly as against 5 per cent previously. Around the first of the. year the directors of this company will meet to take action on the final dividend for the year, and it is not to be expected that more than 8 will be declared
 Security dealings on the New Street curb have sl1runk to small pro- portions, and the reason, according to the best posted authorities in wall street, is that the liquidation has run its course The New Street market
 
 stocks who were forced to sell in any market they could find, and at any prices which could be obtained; and now that there is no longer any considerable volume of such selling, the New street market Is dying out because there is little on which the brokers can feed In the absence of selling pressure prices have deVeIop- ed a strongly upward tendency.
 While the curb market for un1ist- ed securities was raaIIy reopened on Wednesday. following the dissolution of the Stock Ezehange unlisted se-- cuEities committee of five, the ssof-# ficiaT opening is scheduled for next Monday. A notice issued by the Curb Market Association says: 1t has been decided that the Improvement in the general financial situation has re1nov- ed the necessity for restrictions over trading in unlisted stocks; therefore. you are hereby notified that. the New ' York Curb Market will resume bus ineas officially Monday. Nov IS.
 The United States Steel Corporation will close the year with the smallest earnings in it's history, with the sin gle exception of 1904, when they were $73,1T6.5 522. If earnings in the. current quarter are in the neighbor- hood of 17,000,0 900, and with present prices and production 1t is not be- lieved they can run very far in ex-
 
 full year would be $77,72s. .o0e. As stunning that depreciation charges in the fourth quarter are 1000, 900 less than they were in the third quarter the surplus available for United States Steel dividends would amount to about $27,5O0, 900, equal to TT per cent on the preferred stock. Deduct the ' per cent preferred dividend and there would remain a balance of S2- 100000, equal to. 0.45 per cent on the common stock. There would then remain a deficit in excess of $I5.- OO0,0o0
 Next Monday will probably be in- formally celebrated in Wall street be- cause of the re-opening of the New York Cotton Exchange. It will be doubly suspicious day since the curb market will also ''ofdcially'' open There will be no music or fireworks. however as the Street can hardly ex- pect to show such unbounded enthusi- asm while the Stock Exchange is closed.