Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-07-29

NEW YORK, July 29.-Despite the fact
that the munition factories in the allied
countries have greatly increased their out.
put of war materials and plans are rapidly
maturing further still to augment their fa-
cilities. financial interests here give little
credence to reports that the next few
months will see a cessation of war contracts
placed in this country and a corresponding
falling Off in the prosperity enjoyed by in.
dustries which have been doing n large
business in munitions. Recent orders placed
here demonstrate, 1t was said, just how
wide Of the mark Is this talk.
Bankers in n position to have frst.hand
information declare that all indications
point to continued good business for
those engaged in the manufacture of war
materials for some time to come and point
out that with the placing of further loans
in this country by the Entente Powers ad.
ditional orders may be expected.
While the profits on this business will not
be so large as on some of the earlier con.
tracts, they will be sufficient to make the
work highly desirable. But even with a
slight slowing down of war orders. the
country, It is said, will experience prosper.
ity in other directions. as the greater part
of the raw materials must be purchased
here with which to supply the factories on
the other side.
Discussing the matter from their point
of view. several leading bankers cited re.
cent orders received for war materials by
leading manufacturers in this country
Among the latter named in this connection
was the Bethlehem Steel Corporation
which, it was pointed out, is probably the
largest manufacturer of munitions While
nothing definite could be learned from
officials of the Bethlehem company, it is
generally known that some good contracts
have been taken recently. The company
has an enormous amount of business for
foreign countries still to be filed, and ia
finding difficulty in keeping up on its deliv-
cries as specified.
Bankers closely identified with the munl.
tion fasiaeSs say with regard to what. "a
being done by the Baldwin Locomotive
Coms->1 that negotiations have been pend
ing recently for additional war contracts
and that some orders were taken by the
Baldwin company within the last few
weeks, although the volume was not signih.
cant in comparison with -hat that concern
has handled in the past.
More was learned wi.h regard to the
American Locomotive Works in this city
which within the last few DAYS has re-
ceived from Great Britain orders for 6-inch
shells involving approximately $500 900,
with another contract following which
amounts to about S3.OOO,0OO. The profit ON
this business was estimated by officials at
from S4,500,000 to $5.OO0,0OO.
Officials of the American Car and
Foundry Company, 1t was learned have
taken an order for 90 shells which will
amount to about $4,000, 900
High explosive shells have been ordered
from the Midvale Steel and Ordnance Com
pany by one of the Allies to the amount of
approximately $4,000, 900. The buyer in
this transaction could not be .ascertained
The Mdvale Company has been taking
more foreign than domestic business re.
Gently, and although rails. barbed wire
etc, are included. this business is attributed
to war conditions.