The Bridgeport evening farmer., 1914-07-06
BIG BOOM IS SEEN
 IN SILVER TRADE
Manufacturers Pleased with Orders and Collections
 B. & M. Prospers.
Rarron Bnancda1 News.9

CBarron E'1nanciaI NeVzs.1
 Improvement in Boston 6 Maine op- eratlng results continues and this is decidedly encouraging in view. of the somewhat critical situation the road is facing with regard to ation- In May. there was a reduction in ex-s penses amounting to $167. 600 or 5S per cent, below the corresponding month of last year. Despite the 45-cem per diem rate for hire of freight cars that six months Gas compared with s5 cents in 19sS9 the roads debit balance for rental Of freight equipment has been materially reduced For the eleven months to June it was sz14sss9, or 1274 per cent, under the total for the corresponding 1S1z-1S period. as compared with a falling off of only 359 per cent-s or $s47,Sz4 in freight revenues
 A favorable development affecting the company is the action of fhe New Hampshire Public Service Eonnffs- sion on the proposed changes in the connnnodfty sfre5ght rate schedules in New EEng7and4 The tariffs provided for by the latest New Hampslfre rEl-3 ings specify for substantial advances Tn the roads textile rates including cotton and woo1en fabrics .and also raw cotton and wool
 American Locomotive company wfIIs # is expected show a ba1ance of be- tween $150. 900 and $200.66o oyer the per cent. preferred dividend for the fiscal year ended June 90. The actual figures cannot be determired until in yentor1es are completed bat the above estimate indicates that very little has remained for the common stock If the company closed the year with a balance of S20nO00 after preferred cent earned on common. Con sfdering the adverse conditions of the past year hOEvever, the management feels that the showing is very good The entire years dividend was earned in the first i've months There was. no profit in the business after the first of December and the efforts of tha management were concentrated upon a slowing down of operations to meet decreasing sales and holding in check overhead charges as much as pessf- blee
 The Ray Consolidated Copper conn pany established new records in all departments during the first six months of 1g14-x Its average cost was lowered to approximately 8.S0 cents a six months of 1s13- Current costs have been reduced to the lowest level in the company's history The mill handled slightly more than an aver age of 5000 tons af ore daily up to June 30. The total tonnage miIIed in
 
 pairing with ]. .125, 900 tons in the cor responding half of 1913. Production from two shafts approx1mated S6 7sD,- 900. pounds Of copper against 5,T2 0oo pounds rom fhe smaller tonnage of last year
 Despite general business depression, sales of the big silverware manu1ac- turers have 90 far this year been with in 10 per cent of normal That the industry has done so well in face of heavy losses in most other lines is perhaps due to the fact that sfIverwsare is coming to De regarded more as a necessary of life.
 The president of one of the largest si1verware companies in the world says Our sales are very satisfactory when we hear the talk from other manufacturers as to their condition. the corresponding period of 1913, which was the largest in our history Tn oIden times our sales were dependent to a great extent upon the condition of the country. but recently our product seems to be considered more in the way of necessaries of life We are very much surprised at the way col 1ect1ons are coming in, but of course we find that quite a few of our GUS toners require more or less assistance feel that as soon as the political con d1t1ons are more favorable, we will have 8 good bupsfness.
 CT. L. Watsen.)
 The extraordinary monetary ease prevailing will supply cheap tools for commerce. and industry, once walked up, to use When the big French loan is issued on July 2. we can expect fresh European ease to follow. Declines in the discount rates of the French and German banks will probably not be deferred long and then the gold re serve of the Bank of England should rise without friction whether the stock market will develop activity or a consistent course until the railroad rate advance decision is out of the way may be doubted But we still think that the tenor Of the decision will be favorable At any rate Hqui- datfon everywhere has been so com plete as to limit the reach of any reac- ton. while the ground is cleared for s good revival whenever a favorable im-s pulse is felt.