Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-08-11
FOREIGN BUSINESS OF
! LANST0N Co. IS HEAVY
Shareholders Show Their Confidence
by Holding Stock at 80, With
II the Best Bid.
Steel Corporation Near Capacity
Production-Bethle Company
Plans Construction Work.
BY I. A. FLEMING.

= BY I. A. FLEMING.
Lanston stock is stronger, more evf-
dent in the confidence of the share
holders rather than in the action of the
market The bid price was advanced
today to Il, but the asking price moved
up to so. 1t is understood that the
English branch company is operating
it's factory to full capacity. and that
its earnings are so large that 1t will
materially help out the years profits
for the parent corporation and make
the payment of a dividend next month
comparatively easy.
There were but three members Of the
exchange In attendance on the regular
call Of the stock list today. Eugene
e. Thompson, one of the younger
brokers, occupied the chair, and quo
tatiors were made on the entire list,
practically 1.-The same" with no changes
of Importance.
An unusual sale was reported, the
first in months. Of Greene Cananea, IS
shares at 1914.
Odd lots Of Railway preferred sold
at So. and Potomac Consolidated SIS
brought 100!a.
q. S. Steel Orders.
The United States Steel Corporation
now has untitled orders on its books
for about 100000 tons of material.
which would seem to indicate almost
capacity production for the rest of the
year.
Expert opinion placed the amount of
the untitled tonnage orders for August
as between 100000 and 100000 tons
greater than July 1. but the actual
figures given out yesterday showed
100000 tons increase.
July orders were 5000 tons a day in
excess of shipments, which were about
$4,000 tons a day.
Railroads, while showing more dis
position to purchase rails. have not
steel business has not been active Both
interests promise to be larger users of
rails and materials in the immediate
future, and orders should be greatly
are the largest since February, 1914.
and were exceeded but once since
September. 1913.
Bethlehem Steel.
It is planned to place at least one
third of next two years earnings of
the Bethlehem Steel Company into new
construction.
Plans call for the four new blast
furnaces. sheet and tin plate mills.
wire mills and mills for the manufac-
ture Of steel plates and various forms
of commercial steel
When completed II Is expected that
the corporation will be one Of the
greatest manufacturers Of commercial
Following the example of the United
Slater Steel Corporation. the Bethle-
hem Steel Company increases produc-
by absorption Of other corporations
It's pay rolls today include 81, 1000 to
$4,000 men. Estimated earnings of
$75.000.000 for the next two years are
not considered excessive.
Financial Notes.
The American Brake Shoe Company
Is negotiating an order for SIS. ooo.o 900
worth Of shells. Plants and workers
are able to execute the order If it is
landed. as expected.
Ten per cent wage increases have been
made by the Aetna Chemical Company
and the Aetna Explosive Company, with
10 per cent addition promised after
five months.
Pittsburgh banks report a very large
increase in pay rolls.
Chesapeake and Ohio opened the new
fiscal year with a very satisfactory in
crease in gross revenues. $341,00 for
July. The movement Of coal to tide
water was especially heavy. Expecta-
tons OF shipments to tidewater for
the calendar year 1915 are 1000, 900
tons. a record with one exception.
Last fiscal year showed $1,000, 900 gain
Canadian Pacific shares advanced
nearly points this morning on Wall
street displaying the most positive
strength in many days. This advance
was partly on the declaration of the
regular dividend Tuesday.
A favorable point in the situation is
found in the decrease in the number
of about 1900 idle cars from July l.
was unexpected in the west 1t was
taken to mean that the Rockefeller
group of capitalists was bearish in at
titude. on the future. but the state
are very much encouraged, and that
the reduction of the dividend was
based more on special than on gen.
eral considerations"
Wall street advices declare that j. P
Morgan Is bullish on the situation, and
that some of the big men in the Bank
ers' Trust Company and the Guaranty
Trust Company have developed stable
horns.
cent: sixty-day money. w per cent;
twelve-month paper. 4 per cent
American Steel and Wire Company is
producing to 30 per cent of capacity.
Old line granger" rails showed the
best gains as the effect of the western
rate decision.
Condition Of the Treasury.
The condition of the United States
Treasury at the close OF business yes
terday was:
Net balance in general fund, $685.
63o.77s.
Total receipts, 81 ,9e2, BOT.
Total payments, 3119.3s9.
The deficit this fiscal year Is 1885,
a64. against a deficit Of $799. $50 last
year, exclusive of Panama canal and
public debt transactions.
MARKED IMPROVEMENT
IN BUSINESS CONDITIONS