The Bridgeport evening farmer., 1914-11-07
NEW YORK EXPERT
 REVIEWS SITUATION IN FINANCIAL WORLD
(Barrron #fnasnrlcial News service.o

-(Barron Financial News Serviceo
 New York Nov. 7-The announces ment cab1ed from Liverpool on Thurs day that the Cotton Exchange there would reopen on Friday came as a surprise to local Cotton Exchange members It was an agreeable sur prise however, as it is felt that with Liverpool open efforts will be redoubI- ed to put things in shape for a prompt resumption of business here. For. the present the trading at Liverpool will be restricted. but it is confidently pre-. dicted that it will not be long be- fore affairs assume such shape as to permit of normal trading operations at all of the leading cotton speculative centers on both continents.
 President Whitrfdge of the Third Avenue Railway receives a salary of $6O, 900 a year, which is too large, in the opinion of one of the stockholders. This stoekholder has addressed a. cir cular to all of the stockholders de- nouncing the managemente of the company under Whitridge, and com blaming of the presidents salary. He proposes to offer a. resolution at the annual meeting calling for a reduction of MT. Whitridge's salary to $25,000 a year, to be continued at that figure un- til dividends are commenced at a min irnun of per cent. per annun, at which time his salary will be raised to $35 900. As the stockholders receive greater dividends Mr. Whitridge's sal ary> Is to be approximately raised un- til the stockholders receive per cent when Mir. Wihitridge is to be placed on a $50,000 per annum salary basis. The only comment offered by MT. W1ni fridge on the stockholders letter was: That is a foolish resolution. If. however, I found any appreciable dis satisfaction with my. management Of the property. I would get out imrne- diateIy.''
 The Pittsburgh Brewing company has declared a. quarterly dividend Of I1-2 of 1 per cent on the common stock and a quarterly dividend of 1 3-4 per cent on the preferred stock. The common dividend represents a, reduc- ton of 1-2 of 1 per cent. from the former rate.
 Suspension of dividends in the third quarter saved Nevada Consolidated from reporting a deficit for that period surplus of $25,244 in the third quarter only succeeded in reducing the total deficit to $23, ,O16, the first half of the year having run behind $541, ,260. Whether the statement for the final quarter of the year will be more favorable depends largely on the price of copper. With the. end of the war as yet beyond the ken of human beings, 1t is unlikely that the current three months will see operations at any i higher rate Tnan the 0U per cent. Qo- cided upon by the directors in Aug ust.
 In announcing the declaration of the regular. quarterly dividends on the preferred and common stocks of the American Smelling & Refining Go. this week, officials of the company stated that both dividends were declared out Of earnings. The period covered was | three months to the end of Septen- Der. The month or more since passed has continued to produce earnings al a rate sufficient to take care of divf- J dends on the common stock, and ii is believed that the final quarter of this
 year will do it's share toward that
 dividend.
 The Rock Island Co. stockholders protective committee has sent a, circu lar to holders of certificates of de
 posits of the preferred and common
 stocks of the Rock Island Go. askins
 them to surrender their certificates ant
 withdraw their stock represented b, certificates. The circulaF says il lpart: As less than a majority O Atne stock of the Rock Island Go. ha