Evening star., 1909-09-12

to multiply the production in tons by $40,
which figure is a very liberal average
price of all kinds of product of the ccr-
porations mills. tn The e. year OF largest
rent aggregate business of approximately
$I5O.00O.O 900 and net profits Of $165. 900. 900.
Actually the gross business was not more
than o0s000.00o With an output of a.
O,000 tons in 1910 the total business
should properly appear to be not over
$3.50 600 Just why the Steel Corpo-
ration persists in keeping up this book
keeping deception has never been ex-
planned. 1t is not in harmony with the
lofty assertions of strict frankness in
dealings with the public.
Upon one point the great employers OF
labor bear cheerful and harmonious tes-
timony. 1t Is that labor is in a higher
state of general efficiency than for many
years. This statement bears or almost
every division of the labor market, but
especially skilled. The human nature ex-
PLANTATION of this situation is that a large
percentage of workingmen have been on
short rations for long time. and are
only enjoying their first taste of return
ing prosperity and employment Not yet
being quite sure that they will be able
to hold their jobs, they naturally put in
their best licks. This is sordd view
perhaps, to take of the situation, but it
is one which is quite freely entertained
by employing classes. Incidentally, also,1
it is a view which provokes considerable
quiet amusement among them, not un-
mixed with curiosity as to how long
strenuous extra efficiency will last. 1t
until the demand for labor again exceeds
the supply, as was the case prior to the
panic.
Savings deposits in the New York saw
ings banks are again on the increase.
They are larger now by $S5.O00.00o than
they were a year ago. Fat is once more
beginning to grow on the ribs of humble
thrift. Most of the savings banks of
Greater New York are paying per
cent interest. Total deposits now foot
up s768. 100000.
Pledge Was Violated.
The Hartman household staff has itself
to blame for the espionage which is kept
upon the establishment by newspapers
and representatives of Wall street
houses. All reporters and sleuths were
withdrawn from Arden a week or ten
days ago on the specific pledge that i'm
portant changes in Mr.. Harrimans condi-
ton would be promptly bulletined to the,
press. This pledge was violated and now
nobody will believe anything emanating
from Arden unless corroborated. About
the best estimate Of the condition Of Mr.
HarHman's health, or rather the most
reliable news on that subject, is that
offered by the tape during the Ave hours
of the stock exchange each day. The
quotations on Union Pacific were general
ly believed to reflect the fact more ac-
curately than the various news services
or official statements.
I. Word drifts in from outside points that
rushing business is done throughout
the country in New York real estate
bonds. Most of these bonds are represent
ed to be based on productive real estate
in Greater New York and in a great
majority of cases facts no doubt exist to
back up the pretentions of the bond sales
men, There Is nevertheless great temp
tation to looseness in the manufacture OF
these bonds and it will be just as well for
buyers to 'Iook a leetle OUT before they
put their money into this class of Sc
curities. IL they don't, somebody is liable
to get nipped one of these days.