Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-06-18
FINANCIAL NOTES


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=. FINANCIAL NOTES :.
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The New York Central has ordered
$500 tons of steel rails for it's west
ern lines from the Illinois Steel COM
pany. Southern Pacific company has
ordered $4,000 tons of open-hearth
rails from United States Steel corpo-
ration.
4 War orders placed in Dominion of
Canada are estimated at $425, OOO,-
900 of which orders for shells from
British and Russian governments
amount to 1924, 100000.
1t is understood that the Western
Steel Car company has recently pur-
chased about 10000 to 10000 tons
of steel plates and structural shapes
from Chicago mills to cover the con-
struction of 1000 freight cars for
the Chicago & Northwestern rail-
road. The latter road is buying 5000
to 1906 tons of steel to cover the
construction of cars to be built in it's
own shops.
The American Steel & Wire COM
pany, it is reported, has received an
order from British army representa-
tives for 1000 tons of horseshoes for
delivery to the British army in
France. Order calls for 100000 to
/ 1000, 900 shoes.
Machine tool makers, now in New
York for their annual convention,
say that machine tool factories of the
United States are almost swamped
by war orders" Milling machine
builders and lathe makers especially
have on hand orders which will keep
the majority running to capacity for
the next six months.
Car orders last week In steel and
allied industries were close to $4,000
cars, requiring about 100000 tons of
steel, providing steel mills with $751;
100000 gross business.
The sudden activity in the equip
ment market which applies more to
car orders than to locomotives Is
heartily welcomed by equipment in
terests who have been on short ra-
lions for nearly two years. Total
number of cars ordered since the
! first of May reached nearly $4,000
compared with a total bought for
April of only 1,165 and 1900 bought
in May of 1914.
Lima Locomotive corporation dur
ing month of May booked orders val
ued at $1,727,000.
Chesapeake & Ohio railway has
awarded to American Locomotive
company an order for "a Mallet loco
motives.
Record for months production was
broken at plant of Carnegie Steel
company at New Castle, Pa, in May,
when outturn of steel ingots reached
10000 tons. Previous high mark was
$4,000 tons, made several years ago.
From high price on February 5,
$1.435s a bushel, July wheat has de-
clined 26M cents bushel to $1.17k
Price of -four has declined over 81 a
barrel from high price of 1915 for
the best brands at retail.
off - Coottlo Nh -, n n >,
of Commerce, Fred Olsen Shipping
company has established a service
from Norway to San Francisco. Com
pany will operate five vessels, three
of 10000 tons capacity and two or
5000 tons.
Norfolk & Western road has or
dered 500 tons of steel rails from
the Steel corporation.
Minneapolis mills have reduced the
price of fancy patents from $7.45 to
$40. The reduction was due to the
drop in wheat and the falling off of
cash premiums.
Clement, Curtis & Co. of Chicago
estimate total crop of winter and
spring wheat at $4,000, 900 bushels.
They say there are prospects of rec
ord corn acreage.
Gramm Motor Truck company has
closed a contract with the British
government for an order of motor
trucks valued at 100000.
Prospects are favorable for a &c.,
100000 wool crop in Wyoming this
season, the greatest in years, says a
Cheyenne dispatch. Great activity
prevailed at all shearing pens during
Nov opd tho 80 lose thov