The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-05-06
AMERICAN NATIONALS
MONTHLY TRADE LETTER

UtuHtn May, ISl 4, lsSutu ny
can National bank. OF this city, is fuii
& OF interesting facts. II says:
Continuation of traffic diihcuities'
labor troubles, high prices and short
age OF materials in most industries
have rather complicated the SITUATION
during the past month. so that wnile
business has not been retarded, neither
has it advanced to any, considerable
extent. The volume Of trade and IN
dustry compares fayorably with re-
cent months, and practically all lines
report much greater activity than at
this time last year.
Bank clearings during March at l1s
lcities aggregated nearly S25,006,00O,-
600 compared with SCI. 900. 100000 In
March of last year. gain OF not quite
20 per cent and compared with nearly
$22, o,00o. GEO in February OF this
year. Excluding New York city, clear
ings were nearly $4,000, 100000 com
pared with IS. 900, 900, 900 year ago;
this total was the largest ever record
ed, and ciearings inclusive of New
York city were the greatest ever made
In the month of March. OF the l76
cities. only seventeen recorded less
clearings than in March, 1915.
There were / ,fSS business failures
during March with total liabilities of
over SD, 100000 compared with 1,l46
failures in February with liabilities OF
$4,000. 00o and J.. 663 failures in March
or last year, when liabilities were well
over ST., 900, 000 Concerns failing in
March had assets OF nearly $1,000. 300
compared with 100000 n year ago
so that net liabilities totaled $1,000, 600
in March compared with 100000
last year
. tfist'ttft1E ny corporations III March
aggregated $4,000. 600 compared
with s25I,oo0,0 900 in February and
27a.0e0,0o0 in March. 1915. Rail
roads issued s1Sl0 ,np0 OF this total
ana industrial companies sl31, goo. GEO,
while in March year ago railroad
financing aggregated $153.0eo.oo0 and
industrial issues totalcd Sl2l Geo. 900.
New and large corporations formed
IN March had "a total capitalization Of
s4Io.oo0, 900 compared with 1851 700
600 In February and $3.50, 0oe ooo in
March Of last year. This Is the great
est totaD OF @monthly interpretations
since February. 1915.
Dividend Disbursements.
Dividend and interest disbursements
rrii- tUtatrd 81 900 oep, tf1e
]argest disbursements ever made in
ms month and com pared with sls2s-
oo0.00o IN March and $lS9, 100000 in
April year ago. Interest payments
totaled 100000. QUO compared with
SIS geo 600 last year. Dividend dis
bursements aggregated 100000, 200
compared with sal 000, G0e in April
1915
Money rs circulation In the country
o. APRIL ! aggregated S3.5a2. GOO, 900
So, 49, ~" !" . ~ ~, W
= = 49, $500 t'VVp'"V" ~ @'P't' =
- fs Pe' ,it,1N" or 80, ~
N"9 fa1,'4 'p.ih'"te 90 ~.
0.''.l 80 Guy a ) 70
@so L" F8paiaRioh Oh '"f't'ifet't8i
ntfea States Is now estimated A.
49, 'u9."eV com ,aFF4 VITA 4V@'VpF'
wv ~ nc same tlhl1 Ias' H|aF. ', te
s9l@tot hsaESH are 'a'-"t imam '''eF
MY ever heeh before.
$50 ~ Sto'hS =" 'H" ~" ~ n
* n'}ssEe curing MARC" amounted 70
4 %'N0H. wv s'ial ~ toil F0'eSs WI"
f.H'et'eo snare" lM : SnrHatf ana a.
"V3.eeH Saafes Y MafSh Ae"a ago
mere set1.@ II oV''V'"- A''%tF Gays tG"'
pared win onlv "iso IN Aarfh ~ tas
s.4t boha Saiss ~ft''""t@o We heef'N
.p"e'V0V IN MalfH F"fap3ffU - q
T0oo'eVv IN ehI41,Y ana sNtto"".-
VFe ~ @@fSh, 'Ef9- ne average
price q 4 setcSNeh ts' on @iN1E Ht"e"s
sloP4 ~ z,9'@e on March = com ca
"1th 50 Sc en- fehI ua'} - a'd = 70
on NkEeh 81 OF fas' year ne aFeFiakf
Flee 81 tmr'% Iduf.7"' p0N'f ntl4tE
and in4astriat o"nNS on hafCh -
MAS SS3Ss compares "tsa @'9.' l "
|-.si4fii4H previous %sff' 49, o. S@. ~ @&t
Gross eat 3'16s ~ ',' >rVs ~, ~.
ROADS IN Asfoh l".tiei ; ~ w.
compared Wtth St4'NN p'VVV ~ "l"ts y
ol las year, an increase % Pet GEM
This Indicates some ii3l foNeheAt over
conditions tn Febf Hstf3 "f'ra i'''s t5'''
returns OH gross earnings S"oWed an
increase of ohly per cent over tag
same month IN 1910,
march hul'dlhg operations fecofGeo
~ aggregate eApeH1N "re 81 Ae%Ft
SsdoVo.VVv eohlPa e" win not H@ttH
sse'op"'oeo III Marth ENal AK de-
crease OF over per teht; ms loss
iotsoNs iaIs hoIIu.Ils to.aLe ~ SoItle
months anu Fait 81 =" ~ es"t ~
Mafeh' lfio' oNt' N4tCii' .. t,N3l"-
ios operations n1aA increase WIN nv
opening Oh nav ls@U"I, a. vhNSsttgh
on ran routes mas N1"scu s"hic u,''
eaitS III op.aIlI''g uu,1l'ts n'a'e' '"''
Larger i|uih'Nr .u''
ne tnilosF guy IN 'tu'uaI e"ta -"
'uDVt""o Tee. N"S,'p,'rou win 800
oeo'eeV leet Gu, III e'iuafN 81 iSto'
eha ftsi aaFs lum,nSF go ''''e!l's -