Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-10-15
FINANCIAL NOTES

| IlesiueHt WilldTu states tndt all
cars of Baltimore & Ohio are in use
for the first time in two years.
Traffic has increased gradually for
the last four or five months above
preceding months and for the last
two months has been ahead of
year ago, but not ahead of two years
ago.
Latest official reports of the bellig-
erent nations indicate that their pres
ent national Indebtedness has reached
$42, 3O,253.324, an increase of $751;
051, 999,S00 over the figures previous
to the war. In 1912 national in
debtedness of Great Britain, France,
Russia, Germany and Austria-Hun-
gary was $23,Os2,572,OOO; it now
amounts to approximately $36,224,-
1929, an increase of $13,123,555,-
219.
Superintendent Dunn of Shelby
Tube plant at Ellwood City, Pa, has
announced that an appropriation of
100000 has been made for an ad-
dition to the plant. Addition will in
clude a complete set of hot mills,
rolling mills, open-hearth furnaces,
and pumping stations for condensers.
The Midvale Steel company, one Of
the largest manufacturers of armor
plate in the United States, which has
steadfastly refused to take war con-
tracts for the Allies, is about to pass
into possession of men who propose
to operate it to the greatest advan-
tage of the stockholders, from what
ever source the orders may come.
With steel-making capacity so
largely taken up for 1915 the trade
is daily making calculations for the
early months of 1916, says the Iron
Age. There is more evidence that the
hand of the railroads is being forced
by the size of the foreign inquiry for
steel to be shipped after January Il
1t looks now as though the railroads
will all at once want good many
cars and locomotives and that they
will have to take their turn after
buyers who have been more fore
handed. Locomotive orders and in
quiries have been larger in the past
week than in months. Some car re-
quirements are shaping up.
Erie has ordered SO locomotives.
American Locomotive company will
build IS, Baldwin Locomotive Works
10 and Lima Locomotive Corpora
ton s.
Pennsylvania railroad on Septem-
Der / had $4,000 stockholders, an
increase of 1881 in year. and the
largest number ever reported for this
or any railroad in the world.
Judge Carpenter of the United
States district court authorized the
receivers Of Rock Island to purchase
1000 steel-frame box cars, to cost
$3,4O9,540. Payment will be made
by $32O,5S0 in cash and remainder
in lease warrants, maturing semi.
annually in series.
The General Motors company,
which has done large war business
in automobile and motor trucks.
whose stock has been second only to
that Of Bethlehem Steel in the specu-
lation in the war shares, has declared
a cash dividend Of so per cent. being
$50 per share, on the common stock.
The dividend is the largest declared
on any of the war shares, and IL be-
lieved to be the largest initial cash
dividend ever declared on q stock
listed on the New York Stock Ex-
change.
Employees of Westinghouse Elec-
trio & Manufacturing company have
voted not to strike.
Banks of Kansas have deposits Of
$226,666, 900, high water mark for
this period in history Of the state.
There are 65S.000 bushels Of
cereals booked for export this week
from Boston to England; 252.119
bushels were shipped last week.
BrOcktOn shoe shipments last week
were 1886 cases. a gain of nearly
5000 over a year ago. September
shipments were the largest since
March, 1911.
Unified orders on books of United
States Steel Corporation at end Of
September were 5,317,618 tons, an
increase of 4O9,163 tons during the
month.
From turnover of more than
100000 shares last week on New
York stock exchange, it is estimated
that close to $2,O00,000 was paid to
brokerage houses in commissions.
It is estimated that $25.0O0,000 is
being expended for new buildings
and equipment by automobile and &C
cessory manufacturers. Over 7,0OO,-
h> IN