The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1915-11-12
Business and Finance

was $4O8. This increase was not, like
some of the previous months, partly
due to reduction in operating expen-
ses. AS matter of fact, the operat-
ing expenses of these ninty-one roads
during September amounted to $685.
466,700, an increase of 100000 over
the same month last year. The roads
reported total operating revenue OF
$l5Z, $4,000, an increase of $l0,OO0O00
which is possibly the largest increase
in this item for considerable time.
Upon further analysis the Commits
sion reported that the net revenue OF
those of the ninety-one roads operat-
ing in the socalled eastern district
amounted to $7o5 per mile of line
operated during September. During
September last year 1t was only $64S.
The net revenue of the Southern
roads was $264, an increase of $72,
and the net revenue of the Western
roads was $4l3, an increase of $3S
per mile. During the three months
ending with September the net rev.
enue of the 81 roads amounted to ST.
308 per mile. The total operating re-
venues during this period amounted
to $437, $4,000, an increase of $l4,-
100000. The total operating expen-
ses amounted to $283,63o,O 900, a de-
crease of $3,343,00O.
A study of the business cycle"
shows that every general revival of
trade and industry for over a CEN
fury has been marked by steady rise
in price of railroad securities, and
vice versa. This is based on sound
logic, because railroad earnings must
depend on traffic, and traffic is only
another name for business. The pres
ent indications are therefore propit-
ious, and railroad officials, with album
dant faith in the future outlook, have
given heavy orders for new equip
ment. This policy will help spread
prosperity to the steel mills, and in
fact to every branch of trade that
caters to the varied necessities of the
railroads.
Financial Features.
A well-known business corporation
with headquarters In Dayton, Ohio
in an advertisement in the daily press,
makes the following comment on
current conditions: Merchants every
where tell our 800 statesmen that busl-
ness is booming. Farmers have had
two record crops, at big prices, with
DIB uShlcIu at anu az Jan
Stocks of manufactured material are
short, and labor is in great demand
Exports largely exceed imports. The
factories are busy. many working
overtime. More freight cars are need
ed, and steamers are taxed to ca.
pacity. People are living better, and
spending their money more freely
This country has the best money ir
the world, and more of it than evei
before. Such a combination of favor
able circumstances never has occurred
before, and probably will never &C.
cur again. Billions of dollars are
passing over the merchants coun
ters."
These sentiments could probably b,
duplicated by many other similar
, concerns, proving that the presen
activity in business is not ephemeral
and that it is based upon domestic
rather than foreign needs. The coun
try is forging ahead at rapid pace
and business is being conducted on
high plane of efficiency and integrity
{ Capital is finding new avenues of EN-
) ployment, and the savings Of the PEG
| pie are becoming more and more util
: lied to finances the large commercial
and industrial organizations. Gu
5 record crop will add an immens
E amount of new wealth to the coun