Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-07-30
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FINANCIAL NOTES !.
LANSING,


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:. FINANCIAL NOTES :.
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French imports for first half of
1915 were $40, 100000, decrease of
S131, 100000. Exports were $685.
100000, a decrease of 1887. 100000.
Railroads, according to Bureau of
Railway Economics, from June 80,
1905, to June 80, 1914, paid SILL
1S,6S6,516 in wages to an average
of 1,611, 105 men for the 10 years.
In 1913-14 year 45.07 per cent of
gross went for wages, compared with
1000 per cent in 19O5-O6 year.
Fifty-six carloads Of steel plate for
the construction of nine $1,000
barrel tanks, have been shipped from
Warren, Pa, to the Mexican oil fields.
Three trains were necessary to haul
the shipment, which will go forward
from New York in chartered
steamer.
Pittsburgh special says steel in
dustry is operating about IS per cent
ingot capacity, against about 80 per
cent in June. Substantially 100 per
cent of the open-hearth capacity is
in operation, with an average of 65
per cent to 20 per cent of the Bes-
semer.
Exports of general merchandise at
the port of New York for the week
ended Saturday, July II, as compiled
from daily reports, totaled $21,563,-
848, an increase of $5,645,473.
The Massachusetts Gas companies,
through the New England Manufac-
turing company, has already received
more than $1,000,00O in orders for
acids for foreign countries, 1t is said.
Coal prices in England have risen
from 80 to IS per cent since the war
began.
The last half of the current year
promises to be one of the best periods
in earnings and production in the
history of the American steel indus
try.
In well-informed circles it Is
stated that the order for 10000
tons Of steel rails just placed by the
Russian government with the Lacka-
wanna and Cambria steel companies
represents only part of Russia's total
rail requirements. Negotiations now
pending, it is asserted, involve an adj
ditional 100000 tons. At the quoted
prices for standard rails 100000 tons
would amount to $18,480,000 in
value. Incidentally an order
of this size would be nearly three
times as large as any previous rail
contract ever reported.
Ninety thousand horses and mules,
valued at 100000, have been
shipped to Europe through port of
New Orleans since last December.
Montreal dispatch says that public
debt as of June 80 amounted to
sos, 100000, an increase of $751;
10000 in the past II months.
Prices of Swiss embroideries have
advanced 33 1-3 per cent since war,
due to scarcity of labor in Switzer-
land and higher cost or raw mate
rails.
Cambria Steel company has begun
the shipment of aniline, present out
put being 1000 pounds daily. 1t is
made by Edison process from benzol
Pacific Mills advanced prices of
dress goods for spring of 1916 S per
cent to 10 per cent in serges, while
half-wool serges have been advanced
6 to per cent.
At American Wooden company's
opening Of 1916 spring goods in New
York Wednesday advances as high as
35 per cent in certain grades were
made.
John A. Topping, chairman of the
Republic Iron & Steel Co., announced
that the board of directors had au-
thorized an increase of so per cent
in the capacity of the tube works, a
20 per cent addition to the steel max
ing capacity and other improvements.
A contract for 5000 tons of struc-
tural steel work has been let by the
Youngstown Sheet & Tube company
to the McClintic- Marshall company of
Pittsburgh. The buildings involved
will house eight new rolling mills
being erected at Worcester, Mass,
for the steel concern, and which Will
be used in rolling bars and small
shapes. The mills and building VIII
cost approximately 100000.
The Canadian government has
sold s4O,O0O,OOO of per cent notes
IN syndicate composed of J. P.
Morgan & Co., Brown Brothers x
Co.. the First National Bank ana the