New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-24

Statistics Of the government effectually dis
pose Of crop scare stories with which Chicago
and New-York have been deiuged. Nor is trust
worthy private testimony lacking. Take. for ex-
ample a statement by President Benjamin l.
wincheIl of the Rock Island Railroad review
ing the crop outlook along the lines OF his great
system The Rock Island lines traverse wide
and varied territory to make Mr.. Tinchells
statement peculiarly authoritative. He notes re-
duction in wheat, but states that the loss has
been IN territory where the fields can be re-
planted with corn and cotton His summing up
is worth quoting for the benefit OF Wall Street
bears He SAYS Taking the situation
whole we are more than gratified with the pros
poets for business These ara. the words OF
conservative. the responsible head OF great
railroad system; they carry weight 3. L.
Winchel is a man to trust Any Judgment he
pronounces has experience back OF II. and
honesty beyond question.
Particularly gratifying evidence is furnished
OF reviving Industrial activity in the reopening
OF the Carnegie plants full time by the United
States Steel Corporation-runntng now on full
schedule for the first time in two years. Steel
managers are not INDUCING in pasttnne or phi
lanthropy-they are reopening mills because
they have orders on hand. and it is officially
stated that orders now booked Will keep the
mills going far into 1895.
United States Steel shares may fairly be con-
sidered Just now. indeed premier attractions-the
preferred shares. Dividends are more than
earned through period of depression as drastic
as any enemy OF the great corporation has dared
to predict and in q variety OF quarters appear
indications of such new business expansion as
must promote the Steel Corporations activity
The railroads OF the country already Hing
orders on large scale. Such great systems as
the New-YorlS Central and the Pennsylvania N
the East Rock Island. Missouri Pacific and
Southern Railway in the Southwest and the
South and Southern Pacific, Burlington and
Great Northern In the West and the Northwest
are not only ordering new equipment, but are
ordering it for early delivery. Surer index OF
conditions changing into bstternent could not
be produced. And these orders, involving Ihe
outlay of millions and tens of millions SNOW
their naturalness in being distributed through
every department of railway construction ana
operation Steel rails and new locomotives ana
freight cars-an the round OF physical exPan-
sion-fgure heavily in these orders Take
weeks orders of the New-YOrk Air Brake
by way of suggestion of what is developing. The
Chicago. Burlington and Quincy road gives an
order this week to the New-York Air Brake
Company for the equipment of fourteen hundred
freight cars and forty locomotives. while from
another system Cincinnati Hamilton and Day
tom the New-York Air Brake Company receives
an order to equip also forty locomotives anu
Figures unprecedented five thousand Tresh0
Orders like these extraordinary. only
wien careful. calculating railway Manager ar'
sure of conditions and prospects are sueh crdelS
given. And-quite apart from the profit that Is
assured to the New-Yorlx Air Brake Company
such orders have significance IN their bearing IS
indicators OF how the acutest business minds OF
the country are reading the signs of the times