Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-06-11
= + !. + !. /. /. !. !. j. !. ). j. !. :.
FINANCIAL NOTES :,
: T. :. !. i. :. !. !. i. :. j. :. ). !. :,

hands at Lawrence, Mass.
New capital applications in Nav
amounted to only s96.2OS,OOO, includ-
ing 65.000.000 Pennsylvania rail-
road bond issue, compared with
$162,606,30O in May year ago.
Plans for construction at Mobile.
Ala, of one Of the largest shipbuild-
ing plants in the United States are
being perfected in New York by
Edward M. Hyde, former president
of the Bath, Me-, Iron Works. For
nation of a 100000 organization
to undertake project is the plan.
Buenos Aires bankers have sub
scribed entire internal loan of $780,
100000 paper for national govern
ment.
Pittsburgh steel makers now in
New York report much heavier orders
during the past ten days than for
some time previous. The buying has
been especially pronounced in semi
finished material and one of the
largest producers has withdrawn
from the market in billets and slabs.
1t is learned from officials of Amer
! lean Steel & Wire company that the
concern has already delivered 49,
100000 of barbed wire for military
use in Russia and France. Manu-
facturers of entrenching tools and
similar supplies are being offered
heavy orders by the allies.
Western Maryland railroad has or
dered Is heavy Mallet engines from
Lima Locomotive corporation, to be
delivered within 60 days.
Pittsburgh special says that predic
ton is that by August the steel mills
will be running at capacity.
New York City is largest borrower
in the world. 1t borrowed more than
! $55O,0O0,00O in 1913 and loans to
banks in form of deposits $7OO.OO0,-
900 a year.
Prices Of hogs, cattle, sheep, chick
ems, to producers of United States on
April Is averaged about $3.50 per
100 pounds, which compares with
$40 year ago, $7.35 two years
ago, $3.50 three years ago, $3.50 four
years ago and $7.74 five years ago.
There is a fair degree of probable
ity that Pressed Steel Car company
will close an important equipment
contract with the Russian govern
ment, it is declared. This order will
run between $15,OOO.000 and $780,
OOO, 900.
Studebaker Bros, carriage and
automobile manufacturers, have ac-
quired an interest in International
Traders Ltd, an export firm of New
York. Attempt will be made to build
up a permanent export business in
both Europe and South America.
Representatives of Brazilian gov
eminent have been sounding New
York bankers again to ascertain re-
ception which proposals for new
loan would receive. 1t is proposed
that 100000 would meet present
needs, although a larger loan is de-
sired.
Government employment bureau at
Pittsburgh has been asked to furnish
$500 men to work in West Virginia
coal mines, but so far has been able
to secure only 800, and also is unable
to supply demand for domestic and
farm help. This is first time since
the bureau was established, January
1 that the demand for help has been
greater than the supply.
Officials of New York equipment
concerns hear that representatives OF
the Serbian government are negotiat-
ing for locomotives and equipment
for a new railroad to be built after
the war from Sofia, Bulgaria, to the
|, Adriatc. The value Of the order Is
, placed at $2O,0OO,0O0. and it is said
that the Baldwin Locomotive COM
pany has been asked for bids.
Boston & Albany has ordered 10
Mikado locomotives from the Amer
lean Locomotive company. Russian
government has so far purchased In
the United States 5000 freight cars.
There is hardly steel man put
expresses confidence in the future or
the industry: the sanguine ones de-
clare the trade is not far on from
the most prosperous period ever en-
joyed.
Rail orders placed in May aggre-
gate $4,000 tons.
Wheat yield of Argentina for THIS
season will show an increase OF 90
per cent over 1914; oats IL per cent
and haxseed 25 per cent.