Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-08-20
FINANCIAL NOTES

stockholders OF 1rumbull Steel
company of Warren, Ohio, at special
meeting voted to increase capital
stock from $2,50O,000 to S4,000,00O.
as formally proposed by the direct
ors
Canadian authorities report that
there will be need of 10000 add-
tional farm laborers for harvesting
requirements of western provinces.
Wheat, oats and fax have an area of
1881, 200 acres. Wheat area of
12,936,OOO acres is 26 per cent larger
than in 1914.
An order for "a locomotives was
placed by the Pennsylvania Railroad
company to complete the 1915 re-
placement program. These locomo-
tives, of which &c are for freight and
60 for shifter service, will be built
at the Altoona shops of the company.
In the year ending June 80 1875 out
of the country's 1877 biggest railroads
made $567.767,4s3 net compared
with $547,552,327 the preceding
year, interstate commerce commits
sion figures show.
There has been a marked improve
ment during the past week in the
dry goods business and it is believed
that from now on business will con-
tinue to be on the increase, says the
John v. Farwell company.
Some $4O,0O0,0O0 worth of by
products from coke production are
literally thrown away annually in the
United States through continued use
OF obsolete beehive oven process, a
report by the geological survey de-
clares.
Canadian government railways
have ordered 1000 new steel freight
cars from Canadian companies for
immediate delivery, in anticipation
of requirements for moving wheat
crop. Reported that the railways
are negotiating for large purchases of
American cars.
Bethlehem Steel company has
taken contracts for 14,50O tons Of
steel for construction Of
three-loft buildings in New York.
Eastern Pennsylvania Steel COM
pany mills have bought 10000 tons
of basic wire in last few days. Price
has advanced to SIS per ton deliv-
cred.
Baltimore & Ohio has placed con-
tracts for 1900 tons of steel rails
and 1000 steel hopper car bodies for
delivery. Material COW
cred will cost about $1,O0O,OO0.
A notable increase in payrolls of
the Pittsburgh district, especially in
iron and steel, is reported. Two
banks are handling payrolls which
total about $13,0O0,0OO a month, or
100000 for each working day. In
normal times the leading bank puts
up payrolls totaling about $6,5O0,00O
a month. The second bank put up
about $6,OOO,OOO. At present the
second bank is handling $6,25O,O0O
payroll money a month. Bankers
predict that payrolls of the district
will soon break all records They
believe that iron and steel payrolls
have already reached a new record.
The Italian government has Of
fered the American Wooden company
a large order on army blankets COW
ering all that the company can make
up to October 1. The order has been
accepted. American Wooden has also
recently taken some large contracts
from the United States government,
and from Belgium.
The American Tobacco company
that the corporation is
filing rush order for 4,00O,OOO,000
cigarettes for the Allies. The COM
pany is turning them out at the rate
of 5000 a minute.
Contract for furnishing automobile
tags for 1915 for Massachusetts calls
for 1S9,780 tags.
Russian government has placed
with Maryland Steel company an
order for 100000 tons of steel rails.
London Economist estimates that
annual income of British holders
from securities in American corpora
tions has been reduced $30,00O.OOO
through liquidation since beginning
of the war.
Application for charter for Latin
American Public Works Corporation
has been filed in Delaware, capital
$1,OOO,O0O. J. G. White of j. G.
White & Co., New York, is one Of
the incorporators. Company will &C
ouire concessions and contracts for
nd