The copper era., 1907-09-26
Evidence OF American business.

september Will see disbursement
by large railroad, industrial and min
ing companies of this country of
SIC, 296, POS for interest and dividends,
larger disbursement than any prior
September, and over S35, 0OO, 900 more
than September, 1905, and nearly
$35, 100000 more than September,
1901. To this disbursement the STAN
dard Oil company will contribute &c.
100000, railroad nearly $4,000, 900,
and miscellaneous companies over
s2S, 100000.
Week after week railroad earnings
increase over the big earnings of cor
responding weeks of last year. Here
are some samples for the second
week of August: Western Maryland
S25, 900; Denver and Rio Grande, $780,
600; Missouri Pacific, S63, 200; Colorado
Southern, $780, 900; while sixteen other
roads average increases of SILL 200
each DAILY Financial News of New
York;. For the year ended June 30,
after paying charges and dividends,
Louisville and Nashville had a sur
plus of s., $4,000 For June, Wheel
ing and Lake Erie had a gross gain
of 1902, 900 and net gain of SlO2, 900.
Chicago clearing house returns last
week we're s2s,OOO,O 900 in excess of the
same week last year.
The Missouri, Kansas and Texas
railway increased its net earnings in
the past fiscal year by 81, 1853, 9OS.
Read what the western traffic man.
ayers say: "Corn along the Chicago
and Northwestern lines in Iowa and
Nebraska was never better. Business
with our line is good" "Along the
Illinois Central the corn crop is good.
In coal and general merchandise
traffic is good. Earnings are keeping
up we'll. Traffic is increasing in all
classes. People are seeking homes
in the southwest and buying land"
"Along the st. Paul lines all crops
are doing fairly well. Corn looks
fine through all our section in Iowa
Tonnage increasing" "Corn along
the line of the Atchison system in
Kansas and Oklahoma and most of
Texas is in good shape. Loadings for
our system average $500 cars a day,
an increase over last year. Merchan-
disc traffic is good" "Having an &C
tive traffic, especially in hauling coal
(Burlington). Grain, lumber, mer-
chandise and live stock are all fur
nishing us good tonnage. Cattle
movement from the southwest ranges
is heavy"
Our ''New South" has one-half the
standing timber of the United States,
five times as much coal area as Great
Britain and % per cent. more than
all Europe. It's cotton spindles num-
Der 8, 100, 1872, an increase of 1850 per
cent. since 1880, and using 1O17 per
cent. more cotton. Last year its
crops (outside of cotton) were corn,
wheat, oats, hay, tobacco, IRISH pota-
toes, rice and rye, worth S6lO, 1888 300;
poultry, Sl59, 900; dairy products,
Sl36, OOO,O 600; fruits and vegetables,
$4,000; live stock sold, S16O, 900, 900;
sugar and sugar products, $40, 100000;
sweet potatoes, $4,000, 900; miscel-
laneous, $l6,0OO,O 900; lumber and tim
Der products, 1900, 100000.
In the past six years the cotton
crops of the south aggregated $780,
900, 900 in value, or 81, 186, 200, 900 more
than all the gold and silver produced
in the world in the same period. Her
mineral production in 1906 was worth
$3.50, 100000, an increase of 1900 per
cent. since 1880. In $780, her manu-
featuring capital was S267 200, 900; it
is now over 81 ,SOO,OOO,OOO, with a
yearly product of about s., 900, OOO, 900.
What the south is doing the middle
west, the west, the southwest and the
far west are doing in even large
volume.