Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-11-05
FINANCIAL NOTES

Confident that business is improv-
ing and that it will continue to i'm
prove, directors of the O-W r. & N.
company have authorized the imme-
date expenditure of 100000 for rail
renewals on various parts of the main
line between Portland and Hunting
ton. Other work will be carried out
early in 1916. When this work is
completed the O-W. r. & N. company
will have 9O-pound rails over it's en-
tire right-of-way between Portland
and Huntington, a distance of 4O5
miles.
Orders for $4,000 tons of steel
rails were placed by the Pennsylvania
Railroad company this week. These
rails cover the 1916 requirements of
the road. In addition an order was
placed with the Baldwin Locomotive
Works for the construction of rs
heavy freight locomotives for imme-
date delivery.
The Jersey Central has issued an
inquiry for 1000 steel hopper cars,
bringing total under inquiry to
1000.
American Steel Foundries has
finally closed it's war contract with
the British government. 1t. is un-
derstood that the order aggregates
about $2O,00O,OOO, and is principal
ly for castings for shell work.
Inquiries for an additional $4,000
tons of steel bars for export have
made their appearance in the mar
ket. There are good inquiries for
rails, cars and other equipment, and
manufacturers look for good buying
from railroads during the coming
winter.
Missouri Pacific and Illinois Cen
trail railroads have closed with ILL
nois Steel company for $1,000 tons
of rails each, making rail orders
booked since October 242,500 tons.
American Wooden has finally
closed, after long negotiation with
the Russian government, an order
for 100000 yards of heavy wooden
overcoatings, the gross value of
which is above $7.O0O,OOO.
This is the largest individual order
ever received by any wooden mill.
Midvale Steel & Ordnance company
has purchased $50 acres of land close
to the Worth Bros. plant, at Coates
vile, recently purchased by Midvale
company. The price Of the added
land secured is believed to be in the
OF 100000.
For the week ended October 16 ex-
ports from the United States were
$73,604,653, a record figure. COM
pared with $67.744,S21 the week be-
fore. Imports were $29,7S2,055.
New locomotives just ordered by
the Lehigh Valley railroad bring the
company's expenditures for equip
ment in the last few months up to
more than $2.50O,00O.
A new oil gusher has been drilled
in on the w. j. Robinson farm in the
Dorseyville field Is miles north of
by the National Oil & Gas
company. It's flow of 48 barrels an
hour is the highest attained by any
we'll in the Eastern field in years.
Jersey Central railroad as placed
an order for 80 all-steel passenger
cars with Bethlehem Steel company
car subsidiary. Harlan e Hollings-
worth corporation.
pittsburgh firms have received or
ders from Anglo-Danish Commercial
company for 5000 tons of barbed
wire, total amount of the contract
being about $270,0O0. The wire, 1t is
said, is intended for use by the Allies
in Flanders and France.
Exports from port of New York for
week ended September 18 were valued
at $41.494,401, compared with $17,-
208,199 for corresponding perior
year ago. Imports for the same week
were $17.766,168, slight increase.
Since the war began, August I, 1914,
to September IS. 1915. exports from
New York have been $1.3S7,326,134,
while for the corresponding preceding
period they were $955,333,Sae. Ger
many's trade with the United States
since the war began has amounted to
$5,8O7,498, and Austria-Hungary's to
$58,817.
New Haven has placed order for
10000 tons of steel rails with Lack
awanna Steel company, and 1000
tons with other makers.
Booth Fisheries have perfected
plans for seven large new public cold
storage plants, two at Chicago and
one at Duluth, Buffalo, Omaha, Gin
cinnati and Pittsburgh. Net earnings