The Bridgeport evening farmer., 1914-11-10
NEW YORK EXPERT
 REVIEWS SITUATION
 IN FINANCIAL WORLD
Barron, Financial News service.3

l
 New York, Nov. 10--AIthough the Stock Exchange. closed on July 30, the state of New York continues to collect tits transfer tax of two cents on each $100 par value of stock which changes ownership. In August the tax col lected was $27, SOP, representing a par value of $13,O1O,oO ir stock transferred in the month. Receipts in September
 were $19, ,091, representing a transfer Of stocks with a par value of S95, 455 GOO. The transfer tax collected in October was s25, ,95s representing dealings in
 stocks of a par value of $129, 900.
 New Haven in September increased its surplus after charges nearly S10o.- 009 despite a $S5O,0O0 decrease in Eross.
 For the quarter ended SeptembeE 30
 the surplus after charges held it's own with the same period of a year ago. All the trolley properties reported a marked decrease in earnings for the quarter ended September 80. The New lEngland Steamship company lost S10O, 900 in surplus after charges for the first quarter. Ontario & Western in which New Haven has a 5 0per cent. interest
 about held its own for the quarter ended September 30, but the Central New England Railway, in which New
 Haven has 99. per cent interest
 lost $2O4, GOO in surplus after charges
 The date of reopening Of the New l York Cotton Exchange will probably not be announced for another day or two The members are still signing the agreement necessary in the coz Iporation syndicate plan. As a formal ity these papers must be referred back to the fifteen banks which are pro vdding the necessary funds. This will be done so that the banks may as- certain that everything Is in accord ance with the understanding with the
 exchange: and is purely a perfunct- ory affair It is believed that these 1r.4e -Trl~ ly and the date of re-opening made public later in the week.
 The annual report of the Mergan- thaler Linotype Go. for the fiscal year ended September 30 showed that the company earned g 547S49 or 19.s per
 This compares with 21 62 per cent on practically the same amount of stock last year In the twenty years thai the company is operating under it's present name the stockholders have been very well treated as to dividend disbursements. Distributions have been as follows: Seven and one-half per cent. in 1895, 16 EpeF cent. in 1896, 16.-2 per cent1 in 1897. 20 per cent in 1s9S-19OO. 13 1-2 per cent in 1901. and 15 per cent in 1902 to 914. From Aalg 1894 to October, 1914. the stockholders have received in dividends $32. .969, ,154 or 257.6 per cent. on the present out standing capital stock
 Production of pig iron in October of this, year was 1,78S,o+5 tons the smallest since January, 1911. and with
 the exception of the latter month and EDecennber, 1910, the smallest in six years. Production in October was at the annual rate of less than 21, GOO 900 tons. In 1913 the record production. nearly 1,D00, GOO tons was made and with the exception of 1908 no year has shown under 23, 3,oo0. 900 tons in ten years.
 The Southern Pacfhe Railroad's an- nua1 report shows IS per cent earned
 for stock compared with 9.S5 per cont
 on the same stoc1e in the previous year
 The company now has more than S0.- GOO stockholders, compared with ts,S95 on June 80, 1913. Abnormal weather conditions during the year on both coasts cut down gross earnings and increased expenses. Reduced ratea sheared off another $500, GOO Grosa was $4, ,254, 446 or 2.98 per cent. less than in 1913, and operating expenses S2595s.-
 195 or 2-z9 per cent greater. Taxes ! jumped $1 ,465, ,s3s or 25.72 per cent