Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-07-23
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:. FINANCIAL NOTES =


the Eas'. Shipments year ago We're
S10.362,2G2 ana receipts $11.69S,9&2
Ncludiug nothing from the East.
North Westerns weekly report
shows conditions much improved.
Wisconsin and Michigan are replant-
ing much corn and cutting hay, which
is a heavy crop, in northern sections.
corn is doing much better with warm
weather.
Junius Spencer Morgan, elder son
of ]. p. Morgan, will on September l
join the staff of J. p. Morgan & Co.
as clerk. Since his graduation from
Harvard year ago, young Morgan
has been connected with the Boston
branch of Brown Bros. & Co. He will
be on vacation until September
1t is understood that a consider
able part of foreign selling of Amer
lean securities has been on French
account. French holdings of Ameri-
can securities have been forwarded to
London as collateral for English
loans, but have not been acceptable
to London bankers and have in turn
been sent home to New York.
American Car & Foundry company
has closed an order with Russian gov
eminent for 400 box cars. half to
be built at Berwick, Pa, and half at
the Illinois plant
New York state this year paid "a
per cent of entire corporation and in
dividual income tax paid in the
United States.
European war munition orders
placed in this country to date are es-
timated at $1.5OO,000 900. and will
show a profit of 20 per cent.
Samuel w. Traylor, head of Tray
lor Engineering company of Allen
town, Pa, whose firm has contracts
for $20.0O0,O00 of heavy machinery
from European government, solved
problem of shortage of mechanics
by securing college students on vaca-
ton, whom he was able to teach in
three days to turn out piece work de-
sired.
A new dye has been invented by
William Ames of Philadelphia. which
it is claimed gives a faster black
, than any heretofore made. 1t is COM
posed entirely of vegetable and min
eral ingredients found in abundance
in this country. A company will be
organized for manufacture of the dye.
Export business of the Steel Cor
poration is running at the highest
rate in it's history. In the banner
year, 1912, the company shipped
steel valued at close to 100000. 900
British government purchased In
New York lis, 100000 pounds gran
uulated sugar valued at $5,3OO,OOO;
contracts distributed among all re-
fineries; price, 4.65 cents per pound
Journal of Commerce figures cor
porate financing for the first half Of
1915 at s76S,174,60O, which is
1914, 026,200 less than in 1914 ant
smallest amount for any similar
period on record. New securities il
June totaled only $67,054,5OO, com
pared with $1S7,751, 900 for June ;
year ago.
American Brake Shoe & Foundry
Co. has secured an order for $4,000
brake shoes for cars which Pressed
Steel Car company is now building
for the Russian government.
Foreign governments within the
past few days have bought 20,000,O0(
pounds of pork and canned meats fol
army use. The orders were distrib
uted among large packers.
The Republic Rubber company OF
Youngstown, Ohio, has received an
order for $4,000 worth of solid rub.
Der tires from abroad. The name oil
the purchaser is withheld, but it IL
supposed to be the British govern.
ment. This company is now com
pleting contract for $250,000 worth
of similar tires. The new order calls
for the delivery of 10000 times pei
month.
Comptroller of the Currency Will.
Jams announces that all emergency
currency outstanding when the
Aldrich-Vreeland act expired by lin
itation has been retired, except
100000 issued to an insolvent bank
in Pennsylvania. About $3S2,OOO,.
900 was issued last fall and winter
through As currency associations to
1858 banks.
Wabash road is in the lumber mar
ket for 100000 feet of yellow pine
Beef cattle sold the other day at
the highest of the year, with many
sales at SO cents per 100 over last
weeks low.