Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-05-07
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FINANCIAL NOTES.

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:! FINANCIAL NOTES. :.
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May wheat sold in Winnipeg the
other day at $1.63, new high price.
Wheat is bringing record prices in
Englishmarkets, best grades touch
ing SO shillings per quarter, or $3.50
per bushel.
War orders totaling $3,171,0O
have come to Detroit from Russian
government. There are Is concerns
in Detroit making war supplies.
Six weeks is found to be the dura-
ton of an army shoe in the present
war, at which rate 100000 pairs
annually would be required. Already
lover 100000 pairs have been
shipped by American manufacturers.
Foreign stats have adopted almost
exact copies of the United States
arm shoe.
Melvin Rice, president of a new
firm of linen manufacturers and i'm
lporters, arrived in New York from
Holland bringing 10000 pounds of
linen, the product of an American
mill. being operated near Ypres in
Belgium. Germans gave permission
for opening the mill which is only
one operating in the war zone.
Former Gov. w. L. Douglas pre-
diets a tremendous development in
all lines Of business throughout the
United States; that this country is
shortly to enjoy the greatest period
of prosperity in its history and that
1t will become the financial center of
the world, following the close of the
great European war.
American Brass company is said
to have a standing order for 10000
pounds of brass per day from Rem
ington company Of Bridgeport. For
the sixteenth time since the war be-
gan the price Of sheet brass has been
advanced by American Brass COM
pany and present price OF 1874 cents
is five cents in excess Of average for
last seven years.
Several Chicago lumber companies
are figuring on inquiries for co.
100000 feet of yellow pine car mate
rial and Grating, to be used to fill
the Russian government contract
with a Canadian concern for 1900
freight cars.
Pesident Gardner of Chicago &
Northwestern says Chicago. St. Paul,
Minneapolis & Omaha will be In the
market for equipment in the near
future.
War orders to the value of almost
$7,500,O00 have been placed. 1t is
reported in Wall street, with the
American Wooden company for for
eign governments, chiefly Great Brit
ain, France and Russia. These or.
ders will be followed by others, &C.
cording to arrangements understood
to have been made with the COM
pany. which already has delivered
about 60 per cent of the first orders.
Inland Steel company of Chicago
has closed contract for sale of it's
entire output of benzol for the next
two years to large powder concern
on basis which will net the steel
company 100000.
1t is estimated that Bethlehem
Steel Corporation in the current year
will show at least 60 per cent on its
common stock. War orders on the
books are sufficient to keep furnace
work in operation for several years.
Including recent inquiries of the
Pennsylvania system and Chicago &
Northwestern railway. bids are being
sought for about 10000 cars. This
is the largest total for more than a
year. International & Great North
ern is in market for 1000 box cars
and Missouri, Kansas & Texas for
1000 freight cars.
Retail trade expansion throughout
the country is now general, accord
ing to advice received by H. B.
Claim Corporation.
Argentine government is negotiat-
ing with American bankers for a
short term loan, approximating $780,
100000. 1t is believed the National
City Bank of New York will take a
prominent part in the syndicate.
Excess of American exports over
imports in March this year was
$140,969.347-the largest favorable
trade balance for March in the his
tory of American commerce. Ex-