The Bridgeport evening farmer., 1914-11-25
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD

Barron Financial News Service)
 New York. NOV 25-With the knowl- edge that the stock exchange authori- ties were to meet late in the after noon for the purpose of deciding upon the resumption of bond trading, and with the belief that the decision, would be favorable wall Street on Tuesday has been noted for some time. Money became available in much more fib- era1 quantities and a. generally easier tone now prevails. Ninety day funds can be secured at s-4 per cent with other ma turtles remaining at a 5 per cent basis.
 slorn of it's $126. .00o, GOO Southern Pa ciffc and $S4 LAO, 573 Baltimore & Ohio investments, the Union Pacific Rail- road Go. during the past fiscal year earned 1909 per cent it's $222 ,298, 100 common stock. Tn the preceding year with only $216, 35.400 stock outstanding there was earned 15, 14 per cent. At 11lid-year, however, the dividend was reduced from ID per cent. to pet cent. 50 that the surplus after dividend fell off but s1, 800, ,56s The stock increase was due to the conversion of $9, 800 975 bonds at the rate of ST, par of bond for $4 par of stock. The cash pro- ceeds on the Southern Pacific stock was distributed to extent of $50s897 ,106 ii1s miscellaneous investments. The l ss2 ,115y ySSS against sss, ,SSs, ,459 in the pre- ced1nz year Dividends on stocks own ed fell from SIS, 15d, ,422 to S. 25s, 794. Final surplus was $s. SSd ,426 agadnst 811 1S1 ,9o5.
 Thirteen cent copper before the end of the week is looked for by the big producing interests. Already sales of eiectroIytic have been made at 12 3-4 cents a pound, whereas two weeks ago ths metal was aailaFble at 11 1-4 H. s4I, Situation has brought the Quincy Min tng company back into the dividend ranks after a years absence with a fifty cent 1isburseanent-
 Few steel companies now paying div fdends will close the current quarter with a surplus and it s believed that the Steel Corpofation will esta blisin a new low record in net earnings, or come very close to doing so. Some estimates place them at $15, ,000. 900 but a great deal will depend upon Decem- ber operations. In October th oper- 50 per cent.-o Of capacity but during the current month it is believed they will nun somewhat below this percentage. LAt the present rate of operations the corporation will have net earnings of about $a4y000,000 on a basis of $8 per Ron. Tt Is not believed, however, that khds profit can be shown on present prices.
 Concerning conditions in the south, President John J. Mitchell of the iIllin- i ois Trust Go. who has just returned from Texas, aadd: ''T'exas bankers seemed to wish to impress on me that the solfh is not in need Of any special money attention. Rates were per cent and bankers said that they were able to take care of the situa- H1on there. They were willing to lend mnder terms. The Northern banks proposed Co lend s100 100000 but did not care to lend under terms proposed Hors southern bankers. who have agreed to take &35 000, 900 in subsorfp tions in the cotton pool. Bankers pointed out that cotton would have been cheap this year even if there had been no war. Large stocks were held over from last year. There are differences and insinuations that they need help. Baly -bale-of-cotton movement nearly disturbed offices.