The Bridgeport evening farmer., 1914-08-24
FINANCIAL NEWS LETTER
fBarron F-inaneia1 Newa.)

Barron Financial News1
 New York. Aug. 24Earnings of the United States railroads in July as in dicated by the preliminary returns will show up slightly better than they did in June, when gross earnings were off five per cent. Forty roads. whose estimated gross for July are available. covering about a third of the mile age of the country, show a decrease in that item of 3.1s per cent. Although. the roads included in this estimate are for the most part western scrop carriers and roads operating in the south and southwest. the preliminary returns have foreshadowed very ac- curateIy the final results. Of indi- vidual roads Great Northern reports the largest decrease, $945, AGO, with BuffaIo. Rochester & Pittsburgh next. $1s9, ,056 while Louisville & Nashville lost $1s5. .o52. The only important dn- crease registered was by Chesapeake & Ohio, amounting to $365 .269.
 Boston & Maine's annual report for. the year ended June 30, 1914, shows g. deficit after all charges of $2,044,T42 as compared with deficit in the pre- vious year of $1, ,s24 Al after paying out 8, ,874, 1ss in dividends The big ger defscit this year without paying anything on dividends is accounted for in large part by loss in traffic Of more than $1.o00, ,00o, and having to pay nearly. 100000 more for discount and interest on nOLeS. Steady progress is being made to- ward that organization of resources which will dnaugurate the moving of the cotton crop. Several things ap- pear to be in much better shape than a week ago. The idea of extending she notes of local borrowers by the lending banks has generally been ac- cepted. An official of a. New York bank which has extended connections with leading banks in the cotton belt says: with emergency currency coming and a broader basis for col lateral loans dn warehouse receipts, it looks as if the need of funds was going to be met at the time and in the manner necessary to take care of the cotton | The Standard. oil company of Ohio has declared the regular quarterly dividend of $3 and an extra dividend I of 8, payable October 1 to stock or record September 4. Books close Sep- Iternher 4 and reopen September A
 | Members of the New York Coffee Exchange have adopted amepdments to the by-laws to permit trading in raw sugar futures on the floor of the Coffee Exchange. When the trading will be started has not been -determ- l ine6f owing to the suspension of busi- mess on the exchange in common with other exchanges. It is believed that when the Exchange reopens for busi- ness in coffee contracts trading in su- gar futures will be. started.
 T. L. Watson & Co.9
 l A list of forty mixed raflroad and industrial stocks shows 37 on5gwllich
 the investment yield at the closing bStock Exchange prices of July 30 ex-
 ceeded per cent; 29 on which the
 yield exceed 6 per cent, 76 returning
 over per cent. overss per cent. and
 3 giving oyer per cent. Such an exhibit is bound to appeal to investors
 at the roper time. Meanwhile, we I should remain patient se1f-contained
 and confident in the unirnpaired vast natural resources of the country, con 1 scious of the brilliant future that lies
 before us, industrious in working out l by degrees the restoration of norm al 1 conditions. and resting in the faith of our fathers whose foresight the I greatness of America has Justified.