Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1905-09-09
THE FINANCIAL OUTLOOK.

Nothing could be much more en-
couraGing than the financial outlook
IN America at the present time. The
industrial dividends payable in New
YORK in the opening days of September
amount to more than $14,0O0,OOO,
which is $3,500,0O0 greater than the
total OF those payable at the beginning
OF this month in 1904 September is
light month for dividend payments
every year, but these figures, as show
ing the financial situation at the be-
ginning of autumn, have an interest
I FOR the country. They show that the
big combinations are uoing a good
business, and that they expect to have
good trede through the fall and win
ter. There are excellent reasons why
this forecast should, turn out to be cor
rect. Bank clearings and railroad
earnings are making new "highests."
The clearings have never been closely
approached heretofore All the impor-
tant business centers OF the country
report increased bank transactions
From every section the railways are
rushed with business and the outlook
| Immediately ahead is for still greater
activity. More than S4,O00,OOO 900 of
crops of farm and plantation are in
sight.
/ For the two months, July and Au-
gust, OF the fiscal year 1906, the gov
ernment's expenditures exceeded it's
revenues by nearly $19,00O,0OO But
as the deficit was $25,OOO,O0O for the
same months last year this showing is
not so bad as it may seem to be at
first glance. The s25,0O0,00O treasury
shortage a year ago was not increased
In the remaining ten months. For
the year ending on June 80, 1905, the
actual deficit was s24,OOO,0OO. On this
scale the total shortage for the year
when it closes next June, ought to be
about $18000,000. No two years are
alike In their general tendencies, so
that the parallel may not hold good
| for this one. The present indications,
however, are that the treasury short
age will be no greater for the year
which ends next June than it was for
the one which closed two months ago
Cola production is at higher figure
in the United States than it was last
year. Cripple Creek, Nome and the
other producing fields are reporting
larger yields than in 1904 The coun.
IiJ . ASodlilto dCllNllltS are DuSlGT Lldu
they were last year. Exports Of mer-
chandise of all sorts promise to reach
larger total than they did last year
The exports of manufactures, which
in the year ended two months ago.
broke all records with their $543, 00O,-
900 aggregate, are likely to soar to
higher figures in the current year.
Trade reports from the principal
centers are very encouraging, the fol
lowing being good indexes to general
conditions:
New York-Leading branches OF
manufacture are increasing productive
capacity, especially in departments
pertaining to railway equipment; tex.
tile mills have little idle machinery;
| footwear factories are running freely
while in structural work there is no
! evidence of lessened activity. Visiting
| buyers still throng the great jobbing
centers and place orders for distant
delivery that testify to faith in vigor.
Gus demand from consumers. Railway
earnings thus far available for August
show an increase of AS per cent over
last years, and foreign commerce at
this port for the last week exhibited
gains of s1,592,032 in exports and
| $1,052,622 in exports as compared with
1904. Liabilities of failures in Au.
gust were S4,350,000 less than last
year, and the latest crop news en-.
dorses earlier estimates of record.