Evening star., 1915-06-01
Financial Notes.

offered at 20
Financial Notes.
bethlehem steel Company VAR orders
total close I" $3.50. 0.oGe.neo, much of
which has been farmed out
Large hau1iue institutions in Chica-
go have been approach on the matter
OF subscribing to the capital stock OF
new international! bank with S6.5oo-
200 initial capital. f" finance Russian
war orders.
The net profit on lIi- international
Harvester Corporations business for
The wear 1919 was $i.262.JSi, AFTER very
liberal depreciation and maintenance
charges. practically S2.hoa."no The
surplus 1T tine close Of the year 1914
was S2n.6l1.11G. OF S13.0@@.S.S cash in
bank. SS.oo0. d00 IS in banks abroad.
President Earring of the st. Paul is
fairly optimistic regarding the future.
aud counts on heavy freight move
merts during the rest of the year.
According TO the June Circ uiar of the
National City Bank. just issued. con-
diiioas throughout the country show
'ny!icatioas OF betterment. notwith-
standing the great. ocean tragedy OF
last month ard disturbing factors in
American diplomatic relations:
The middle west is optimistic. in:iu-
enced by the prosperous condition of
the farming populs tion and the pros
from the crops since the middle of the
month have not been favorable.
wheat having suffered from insects
and corn planting being delayed by
cold and wet weather. but there is pienf V
of time yet for both to make good
The winter wheat yield may be short
of last years, but the spring planting
promises larger crop. Bank deposits
from Texas north are higher than ever
known before and money conditions
are easy. The rate of interest on farm
loans is lover than year ago. and
there is some movement i'll farm lands
a. a further advance in prices. Cattle
and sheep are bringing better prices
ard the wool clip is bringing the best
prices known for years. More than
30o.o0o.ope bushels OF wheat have now
been exported from the 1914 crop ano
perhaps 25.o0G.UOc bushels are Vet to
go out. one of the unexpected wind
falls 10 the farmers has been the sa
to Europe since last July of 1s5,0o6
horses for 49.6s5.63. Most of them
were probably supernuo.Is- and all can
ence.
The reports from the Pittsburgh in
dustries are now Very coed The Car
negie Steel Company has been opsr-
ating for the last week at So per cent
or It's lnsot capacity, which compares
with 80 per cent IN December last
This company owns ffty-nine blast
furnaces, forty OF which are now in
operation, as against w eatS-tWo on
the 1st of January The Jones &
LauShlin and other companies have
also largely increased their production
The Crucible Steel Company is running
10 capacity on contracts that will take
nine months to complete The West
fnghouse Company, which has a large
contract for shells, is erecting two
new buildings. one 550 feet long and
the other JI0 feet long. TO enable il to
handle this business The American
locomotive company has taken impor-
80. 80, Sohtracts 10 be filled from its
rectly or indirectly. are . large factor
IN this activity. The American Sheet
and Tin Plate Company reports the
actual shipments of sheets and lin
Piate N the last 'wo weeks as greater
tlah IN any two weeks since March
1917 Foreign orders for canned goods
are factors here also
In the Youngstown district the thre.
principal steel companies are operating
close 10 loo per cent of the c;pacity o3
their steel works and finishing mills.
The glass industry is having a Tph+
year, which rs figured from October TO
ilctober- For the year ended last Ccto-
DER the factories operated by hand and
~ machine turned out 1.e33, 900 boxes
his year II rs estimated the produc-
i.on will be between g5Op 000 aud
'.oeV.OOp boxes. Ia order TO curtail pro
I4ction many Of th.. factories were
closed for fun month and prices have
"een fairly vel maintained excepL,n
piate glass. which is selling very low
The foreign demand is rot as good as
might be expected with me E.!liaIi
factories closed. but evidently building
operations are light everywhere.
With all this foreign business. IL
railway orders were up to normal ,he
iron ami steel industries would he
rushed. but the railways are stlll buy
ing spariHgiy"