The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1912-05-22
THIS WEEKS
EQUIPMENT
ORDERS

A number of small orders for cars
and locomotives have been placed dur
ing the last few days. and yesterday
several of fair size were disclosed, in
GLIDING orders for 500 furniture cars
placed with the Haskell & Barker Car
Company, of Michigan City, and for so
locomotives placed with the Baldwin
Locomotive Works. by the Chicago.
Burlington and Quincy. The American
Car and Foundry Company will make
SO pay as you enter cars for the Los
Angeles. Railway. while the ST. Louis
Car Company will make 22 of the same
kind of cars for the British Columbia
Electric Railway. The Tallahassee and
Gulf Railway will make inquiries
within a few days for both cars and
locomotives. There are a large num-
Der of other inquiries before the mar
ket. insuring good business for the
equipment companies and later for the
| steel manufacturers for plate, &c.
Other Locomotive Orders.
The Alabama. Tennessee and North
ern has ordered $50 freight cars from
the American Car and Foundry Com
pany. The American Refrigerator
Transit Company has contracted for
1000 refrigerator cars from the Ameri :.
can Car and Foundry Company and the
Great Northern has ordered an add l.
tional 500 automobile cars from the
Haskell and Barker Car Company
| The New Haven Railroad lines have
ordered fifteen consolidation locomo-
Itives from the American Locomotive
Company. New inquiries for locomo-
ltives include an increase of from forty
to seventy-five required by the Pere
Marquette. The contract for the con-
struction of the Pulitzer School of
Journalism has been secured by the
George A. Fuller Company.
/ Many Rail Orders.
Earnings of steel companies for the
first half year will be much better
Il than was supposed two or three
months ago, as the current quarter
will bring in better profits than the
first and will bring up the average for
the first half. The Steel Corporation
4 will not profit much by the i'm
Iprovement in prices in proportion as
will the smaller companies which will
be able to fill considerable of their
business booked in the first quarter
this three months. The Steel Corpora
ton will put up most of it's energy to-
ward filling orders booked during ths
Hast three months of 1911. when prices
were lower than in the first quarter
THE Republic Iron and Steel Company
for instance. is now filling some of its
january and February bookings and II
I will probably be in a position to re
sumo it's preferred dividends. The,
4 were passed in the first quarter on tn
assumption that earnings would onl,
aggregate one per cent. this quarter
but 1t is probable that they will h
close to two per cent, which will max,
the earnings for the first half veal
,l2h per cent. or at the rate of pei
cent. year. First quarter earning,
were only about one-half OF one pc
cent. The Bethlehem Steel Corpora
ton will show over five per cent. earn
ed during the nrst half year, although
the Lackawanna Steel Company will
not be in much better shape for tn
half year than for the last half of 1911
as there has not been much deman,
for bessemer. but other compan.e
. have noted an improvement in earn
ings which has steadily increased sine
the current quarter started.
Rail orders pending call for yer.
large tonnages. and while the large
, inquiries call for about 100000 ton
there are also great number of small
orders before the market which MAX
a good total, when added total raj
orders pending call for at least $780,
: tons. The Hartman lines will nee
from $4,000 to 100000 tons of rails 10
. extensions. the Missouri Pacific is be
fore the market for an additional IS,
600 tons the Illinois Central has In
:. quired for $4,000 tons and the Wabas
: for 10000 tons.