The Bridgeport evening farmer., 1916-03-01

The volume of domestic trade now
being enjoyed is perhaps best evil
denced by the tremendously increased
railroad earnings. These increased
earnings are in evidence in those sec
lions where a lighter crop movement
Has obtained, clearly showing that the
volume of traffic is due to increased
movement OF merchandise.
1t 4ds noteworthy that of the 1,SlO
million dollars increase shown In our
exports Of last year as compared wien
the year before. Approximately 80 per
cent was made up of foodstuffs, while
so per cent. of the total was in wholly
or partly manufactured goods Our
increase in exports to neutral coun-
tries outside Of Europe was 13l mil
hon dollars. Our exports to Germany
direct declined 146 million dollars, Gut
to Holland Norway, Sweden and DEN
marx being the neutral countries
whose border lines reach Germany,
our exports increased by 154 Inill1on
dollars, from which it may be assumed
that Germany is probably receiving
the usual quantity Of American gocds,
although indirectly.
The Bank Exchanges in January at
1872 principal cities were 20 billion dol
lars compared with well over ID bill
lion dollars in January, 1915, an IN
crease OF 40 per cent. Only 25 of the
showed less eIearings than in January,
1915, and most of the losses are very
small while gains made at other cities
are, in many cases, large and some
cities made a new record for monthly
cIearingB during january.
Money in circulation February to-
tailed 1924 million dollars compared
with $500 million dollars on January 1,
and 3,4s4 million dollars on February
i. 1915. The circulation per capita on
February was 1857, q. new high rec
ord, and comparing with $34.S4 one
year ago.
February dividend and interest dis
bursenents will total 131 million dol
lars compared with 121 million dollars
in February of last year OF this
SIS miI1ion dollars compared with So
million dollars last year and dividend
disbursements viii be Sc million dol
lars compared with 81 <rninion dollars
in February, 1915. A classification Of
February dividends shows 81 million
dollars to be paid by industrial COM
panfes compared with rs naallion doll
lars IN February, 1915, while Combined
steam. railroad and street railway
payments total 80 miIlion dollars
against "a million dollars in the same
month last year
The capital of new corporations
formed during January, with a capdtal
of 100 thousand dollars or over, aggre-
gated 335 million dollars compared
with zoe million dollars in December
This is the best monthly showing in
almost three years.
january financing by corporations
tofaIed 1873 million dollars compared
with 128 million dollars in January of.
last year. Securities maturing during
March will total only go million dollars
year ago.
Stock sales on the New York Elk
change in January amounted to 16
million shares compared with IA mill
lion shares in December and Eve mill
lion shares in January of last year.
There was but one Tnillion-share day
during January. January bond sales
totaled III million dollars compared
with 122 million dollars in December
and. Sc million dollars in january of
last year. The average price Of 81
selected stocks is 1e1.7 compared with
1872 a year ago and the average price
of IS railroad bonds at the close of
January was 81 as against 85.02 al
the close of January, 1915.
There was 1890 business failures in
the United States in January with
Liabilities Of nearly % million dollars
compared with 2.602 failures for the
same month last year with liabilities
OF so million dollars. Assets Of the
failed concerns totaIed 10 million dol
lars as against IS million dollars in
assets for the concerns failing in jan
uary last year. Net liabilities were
Ii million dollars compared with 10
millions a year ago.
Foreign Trade returns are not yet in
from all the customs districts, but,
Tor the thirteen principal ones, ex-
ports for the four weeks ending Jan
uary 18th reached total of 325
million dollars and imports were $50
million dollars, leaving an export bal
ance of 165 million doIlors. Ex-
ports for the entire country in Janu-
airy of last year were 26S million dol
lars, imports were 1872 million dollars
and the balance OF trade LAG million
dollars.
Building operations during January
at 139 leading cities totaled So mill
lion dollars as against "A million dol
lars in January. 1915, a gain of 20
per cent. Although January build
months, it was the largest of any
January since 1913. OF the 139 cit
les, So showed decreased operations
when compared with January, 1915,
while 81 showed a gain.
Mill shipments or western pine in
December were SO million. feet as
against rs million feet in November
and. So million feet in December, 1914.
For the entire year 1915, the cut OF
western pine totaled $40 million feet
and shipments We're 1,oOs million feet
which is to be compared with $40
million feet cut in 1914 and ship
ments of $50 million feet.
The northern pine output in De-
cennber was less than four million
feet compared with over II million
feet in November and less than two
n1f1Iian feet in December, 1914. Ship
nients were IA million feet compared
with 76 million feet in November and
2 million feet in December, 1914
Although the December cut of north
ern pine always shows a seasonal de-
crease, December shipments were,
nevertheless, quite large, resulting in
q great decrease in visible supply.
The southern pine output during
january was 400 million feet for 161
mills compared with 329 million feet
in january, 1915 and APT million feet
for 156 mills in December 1915. jan