New-York tribune., 1910-03-07
PROSPERITY SIGNS
THE METAL TRADE.
Big Demand for Machinery
Equipmept Is Reported.

..,-.s,,,,es prosperity Of the country
.sos.ea IN several statements appear
,re March number Of American
.s-e,-iee the official publication Of the
.-...orsl Association OF Manufacturers
- -.-,,+7,- received by the associa-
- s-o-, fts members show gratifying
,r-~ovemcnt IN business coholuoNs'
.r,-- fr The metal trade A compila-
e., of these reports indicates that m
..i-,ez for materials and equipment are
-.-,efs~ro-z. with every promise OF sun
s.-.-e- fr7provement in The near future
r,s associations members engaged IN the
--s--fs--1.re of railway engines and sup
r-,es renort g demand for equipment Oh
-. sale. Inquiries for cars continue
- increase. especially freight cars OF
,-sicB practically four thousand have been
ordered for two railways alone
r,--.i-,ss Tor various classes Of Tnschin-
.-y are increasing. Tools. milling machines
ed general hardware sre strong aho NE
,r,rIol f7- tre sr-iuz is decidedly optlnls1io'
- RE sigh. hesitation in retail sales
&c n weather conditions.
..--,e-.-a- Industries contains state
merr Oh present car shortages oy Arthur
Bsle general agent Of the American Ran
ssg Association, VINO says
E,- rho last three wears the leading rail
.sSz ~ rhe country have been maintain
~ , at,reaE TO which they report their
SI.~rI-s freight cars and their shortages
- freight cars The reports, which are
.o,s1is5 ard tahuiste6. were begun in Jauu-
az r4r- when we were IN the middle Cf
{ 7-e-r serious car shortage There vas
so-re respite IN The summer Of 1907. but.
s-Fr-rr nearly three hundred thousand
Ielrrr cars were buiit in that yea there
u-s- another even more serious shortage
" Octohe~- The panic charged al this.
T1s shortages promptly disappeared and
tsr-e were large SurDiuses Of cars through
- s1d ur 20 August Of 1873 With the
ksT-rr--E C- The fail trade n 1913 SNORT
sss began ~ he feit, 50 that in the latter
~ n The country ~ ere greater than me
sr-rluSeS which were local - other parts
Ttsrs was recovery ln December l@fl.
T7e- ne s-rrluseS ran over fifty tllo-Sa nd
~ TIE shortages ran below twenty-five
ffrBssrd but the severe weather Of De-
fs-hsr s-8 January has 50 slowed I'D
ths movement OF cars that although the
SIR -'-S@s ar@ constant al over TftE thou
s7rt me shortages have been varying on
ss-r s-se # The twenty-five thousand line.
Tfers n1uf5 undoubtedly he q serious car
s-r-rage lcw cUr that many Of the Iaii-
ros5y have ordered large equipment which
\ -,T beng delivered and put into use.
haesnE-lle The railroads report that their
s----e cz-s are dong mo-e work than ever
1rf0-e The reer figure vas for March.
raa Thel each car in active service moved
ssIr 44 tons Tor one n1iie-sn increase
Mar-- The last figures available tfor
sgz-sr r271l nearly reached this figure.
r-07-rE rs -rzT 6o. 2s- tons moved daily
ne - = In cfrer words the freight cars
rHs~ sva- did before This 3 because. on
--e are-zz4 they are larger tHan they have
are- t=eu -sfCre. and also because they
s-s os-1z moved faster.
Hsr- rre-z. re The same number. re-
tr---rz n securities. conditions and the
7~o5sc.e sHer of TIE pending Supreme
r71-- decision i- the Standard oil and
,,bzr-c companies cases, SAYS.
Ers- ssp-s-s court decision against
~ STANDARD Cu and The ronacco com
rar-sz 7or-5 r-- materially AFFECT the
Issues ~ u-z-- C--e~ C0uCeEuS-0r. in fat
.1s companies usued-zE rhe u1aGnares
v -e rre-srs5 70 meet new conditions
T-,1 -e7 conditions
M- r-=r= z6dz II connection with the
tzrr-- s-e-- n industrial securities.
Is-E ~ re l-duzt~isls listed On the
,-rT Tc-t Stock Exchange are rov- locked
l712 Vtt- -zvor. IS IRE exchange al
70-s -1z-S-s1T Ur0D T1l rercr-s
2 ~ earnings ard the r7Tsicsl condition
- f-A -C------7- A--e~ the --Er II March J
al s--E SOCKS ---sr comply with these
--11-1Is -h=- viii ne no longer trades
en- t1e exchange. - On that date the
UNLISTED Ce- -1---e-- VIII h= abolished
hle1 f-e industrial corporations we're
termed most u --e3T common stock vas
z's- r-r and simple +, course ~
ne r-ToIsr -r= fact that improvements
sa1 7e--7r--e--s have been pad FOR ont of
earnings mach This water mas teeu
--35-ze- o-- giving an intrinsic value 70
re Stock Banks have br-u cautious about .
t-sr-t-z -r-E -~0rerri@s ~ coll7reraI for .
as1s -r iz-e.- they have become more
| 5era ana 1r-re properties are known (.
i7 6e T@l and honestly managed the bars .
have been ler down
70 hue and cr- against lnduSrrlaIs IS +
s -rr-=- I-r-- are. u ne sure bad .
la-1s--ia-s c.- The majority of ipdUsrrisIs
--e regular li=- 0f the Eew York Stock
-zllz1Ee have merit and are well man
sssl- While - might NOT ne altogether
proper fr 'rve-' trust funds in such stocks.
-elHG-z s-1 =pe e.-.a-l-e investors IN
eHH instances prefer them 10 railroad /
a. f.e dividend returns on the
----- ore more ZEN .ue~s1Ive and the
e.ss at olE advances ll price arc more
7e be- blessed with q few
-I e- increased prosperity i'm general
go - -s1-lsctl--rg business IN paTti-u-