The Bridgeport evening farmer., 1915-09-03

he steadily increased each month for 1.-the next few months at least Our financial ability to handle our tre- imendous crops Is Yftally 1nportant 1 factor. That our crops will be- tre- l mendous is6 generally conceded and lthe total farm production will ex- ceed in both quantity and value all iDrevious records. On the other hand | Icorn. coats and some of the smaller | crops will probably fall short of pres ent estimates but decline Of several per cent. from present expeclauons could not be considered calamity as even with such reductions our com ihfned croDs will be record-breaking The surplus reserves of the banks, Iau of which can be used to help move the crops, exceed 7S0 million dollars, while last year at this same date we had only Al million dollars
 in our surplus reserves It is ap- parent that moving the crops this year will not be felt in commercial 1 circles as the bank position for the whole country Is such that while the crops are being moved ample funds win be available for all Legitimate I commercial needs This Will De a Enove1 situation as crop moving has always brought about 8 considerable financial pinch in manufacturing
 circles.
 The clearings of banks for July were only slightly under 5 billion dollars compared with 14,49S million dollars for July of last year, the in
 crease being per cent New York I EcIearings were S.e95 million dollars lcompared with s,180 million dollars 1 a year ago but outside of New York | a decrease of 1 per cent was shown from last year.
 1 Business failures for July number ed 1,591 compared with 1915 a year ago and LILY two years ago. The failures were of less importance, however as the liabilities totaled only | IT million dollars compared with 25' hn1iIlions a year ago and 3S millions 1 two years ago, As the assets of the failed concerns for this July amount led to over seven million dollars the net liabilities of failures were less with Il million dollars a year ago land 16 million dollars two years ago. Disbursements of dividends and Interest for August will almost reach 121 million dollars, nearly 57 million dollars of the amount being dividends and more than 64 million dollars be- ing interest. This compares with
 dividend payments of nearly 59 mil lion dollars last year and interest ipaymentss. of nearly 60 millions last year. Dividends on railroad stocks
 will be 27 million dollars, only sligftly less than last year; on in- ldustriaIs nearly 26 million dollars, more than g. million dollars less than last year, and on street railways, 1 slightly over four million dollars or 1 a trif1e less than a year ago. Total disbursements for the month of Aug lust of nearly I21 million dollars com pare with@ slightly over 118 million Icreases have been announced by other than mining companies and only one railroad company announces, a reduction in dividends. Maturities 1 of corporate securities for September will be about 55 million dollars, most of which has already been provided for. Full reports Of July foreign trade are not yet available but the 13 prin- cipal customs districts handling over 90 per cent of the foreign trade showed imports for the i've weeks ending July 31 of 147 million dollars and exports of 240 million dollars. The same districts for the first two weeks of August report imports of 57. million dollars and exports of 10O' million dollars. Cotton exports dur ing July were 244 thousand bales
 compared with 126 thousand bales a. year ago, and imports were S6 thou: sand bales compared with A thou sand bales a year ago.
 
 July indicate an expenditure of TO million dollars compared with 82 million dollars a year ago, the only section of the country showing in creased building operations being 1 New EngIalnd, where building per
 mits showed an increase of AT per, cent. The greatest declines were rel corded in the principal cities of the country; the only Important cities showing increases being Baltimore,
 Buffalo, Washington. Minneapolis, Kansas City and Bridgeport The production of pig iron for the,
 month of July. was 2.563 thousand tons compared with 1858 thousand
 tons in July last year. The daily out put was nearly 83 thousand tons compared with 7s thousand tons in
 June and ca thousand tens in July
 of last year. There were. on the first of this month, 234 furnaces in blast with a daily capacity of nearly 87 thousand tons against 21s in blast
 month previous. The thrilled tonnage of the Steel
 Corporation on the first of August
 was 4,s29 thousand tons compared with 4,678 thousand tons a month
 previous and 4.159 thousand tons a iyear previous, The earnings of the 1 Corporation for the second quarter of 1915 were zS million dollars com ] pared with something over 12, mill lion dollars for the first quarter. of the
 year and a lottle over 20 million dol
 lars for the second quarter of last
 year. The Corporations earnings
 have shown an increase for each
 month of 1915 and- the second quar-
 ter's earnings show a net surplus of
 over eight million dollars compared
 with a deficit of over five million
 dollars for the first quarter of the
 year.
 The deliveries of tin in July were
 $500 tons and for the year to date
 practically the. same as last year, The visible supply of tin on August 1 was 16,QS4 tons compared with 14.167 tons 8 year ago. The United States stocks of tin were 9s1 tons on the first of the month.