The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1912-09-20


vorabie. The Republic iron and Steel
company is said to be showing earnings
far IN excess of the per cent require
ment on the preferred stock. Directors
meet in Novembe and there IS every
indication that a dividend on the pre-
ferred at the quarterly rate of ia per
cent will be resumed. The Republic is
lin better shape from the standpoint of
LIQUID assets than at any time since
its organization and with its greater
diversihcation of products. increased
earnings are assured.
Railway steel Spring.
Railway steel Spring is operating IN
fun at present, compared with about
so per cent at this time last year The
company's books are well filled and
prevailing prices are considered fairly
satisfactory. There has been no com
mon dividend for the last thre years.
but next year should show earnings
large enough to resums common dis
/ bursements-
An Increase OF seven Million.
international Harvester for the cur
rent fiscal year, ending with Deem
her next. is expected to show about
$4,000. 900 gross. or an increase OF 81
I 1000, 600 over last year. The expectation
of heavy crops this fall is causing in
creased sales and all departments are
being affected. Foreign sales have in
lcreased considerably over those Of last
year and the company is charging its
capacity steadily TO take care of in
lcreasing foreign business. Harvester
surplus at the close Of the last nscal
year was s233 oo0 or within about
100000 Of where 1T stood when the
last 2Sla per cent stock dividend was
declared. In 1910. For this reason there
are expectations Of similar actions by
the company within the next year or
so. Harvester's export demanded is
most aggressive and there should be
practically no limit to the expansion
Fof it's foreign business. 1T is not un-
likely that the companys sales abroad
in the future viii show an even greater
increase than the home market. as was
the case last year.
Pressed steel Car Company.
With the strained labor conditions in
its plants somewhat relieved. the
| Pressed Steel Car company IS opcrat-
ing on a great deal higher basis than
at this time last year, when opera
tions were about 80 to 40 per cent of
capacity. The company has taken a
fairly large total Of car orders this
year. and with better prices prevailing.
it viii undoubtedly make mp a large
part Of the decrease In earnings it
showed last year
I.acknwanna steel
Lackawanna steel is turning a deficit
into substantial profit. but disburse-
ments to shareholders cannot be ex-
pected in the near future
Anaconda Copper is earning between
s21, 10000 and S25 600. 600 a year. based
upon II "a cent copper. At the meet
ing of the board of directors next
Tuesday it Is likely the stock will b
placed on a So basis. compared with s.
at the present time. AmalEamated df-
rectors meet IN October, and the rate
is likely to be raised from ] per cent
quarterly to L per cent quarterly
Anaconda is now earning at the rate OF
more than IS a share. The brass. cleo
trio and other large copper consuming
industries are operating night and day
and there IS every reason to believe
that consumption of the red metal Will
be large for many months to come.
| Colorado Fuel and Iron finds itself
better placed In respect to earning ane
outlook than in many years The an
nual report viii show at least a net OF
$1,000, 600. which win be the best ex-
hibit the company has ever made. The
eompany's steel rail mills are booked
for more than a year ahead. and with
the general Improvement that has
marked the steel business in other lines
the outlook for the current year is
bright