Evening capital news., 1914-06-18
INDICATIONS OF A COMING REVIVAL OF
BUSINESS
BUSINESS.

Two of the great eastern trunk lines of railways have
just placed orders for 10000 and eastern financial
papers are discussing whether not the placing OF such
large orders may not serve break the prevailing nan
cal depression 'he placing of two large orders
has the past often proved the thing necessary to
break long period of depression in the trade, says
'.Financal America" and to give the situation up
ward trend 1t is certainly hoped that these orders will
have that effect in the present instance continues that
journal.
The two railways placing these large orders the
New York Central closest of all the railroads to Wall
street and the dsgruntled New York financial interests
and the Illinois Central Especial surprise is being mani
tested that the New York Central should place such
large order without waiting for the decision OF the inter-
state commerce commission upon the application Tor AM
increase of per in the freight rates upon easer
lines one of the principal applicants being the New York
Central.
Fairly large orders for cars have been expected inI
case the increase should be allowed and even if it should
be disalowed the necessity of making provision for NOV
ing the greatest crops the country has had would
necessitae the placing Of ORDERS but the most
nican indication that the financial journals get out oil
the placing of these two orders the seeming admssion
that the railroads have allowed their rolling stock to run
down such low state that additional orders i'm
peraye whatever the action of the interstate commerce
commission may be upon the freight increase.
g If theseroads short of equipment says Finan
cia America sit might be assumed that other systems
cannot be much better off in that respect and that many
of them especially those touching the great grain grow
ing sections will be forced to do buying to enable
them to carry the large harvests anticipated"
In this connection recall that the railroad commits
roads of that state to conditions reminding them of the
necessity of being prepared handle the crops AS
recall the published notice of the commission the rail
roads notified that they would need to increase their
equipment by LOO per cent order to be able to for
the crops in that state alone.
We also reminded that recent report of the con-
don of the Rock Island railway system showed that the
equipment upon that road has been allowed to fall into
decay such extent that there be said to be
but little than rightofway with two streaks Of
steel comprising the property of this great railway sys
tenn The Rock Island traverses of the best grain
section of the country and necessarily follows that it
is going to do any of the business of carrying to market
the great crops reported along the lines of its SYSTEM it
must of necessity place orders quickly for
and motive power
In the connection it might be noted that the
Chesapeake Ohio has just sold bonds with which it will
purchase 1000 steel flat cars 1000 steel hopper coal
and six locomotives, and the Sea Board Air Line, in
Georgia. has announced that it will spend 81 100000 short
ly in the purchase of equipment All these indications
may be accepted the strongest possible indications of
the coming revival of business.
We do not profess to be great nancier but just take
it from that the fellows with capital who succeed in
making good long time loans at the present prevailing high
rates of interest will be the lucky investors For just
certain the currency law goes into effect money
going be easier interest rates going to be lower and
securities of any reasonable character TAKEN will be
bound be valuable and consequently all the better
security for the long time loans at the higher rates
possible.
With the guards doubled about his domicile, King
George Of England having regular Rockefeller Of