The Washington times., 1916-01-23

deposits and total resources vas at even
higher rates. The tormer went from
s31CS az 900 to- s. $50 "a 800, aud the lat
Ter from 1910. .75S,3N to S5.,6',e6S,Ip.
The American silk manufacturer Is
adding his voire to the proFpcrity
chorus. The mills of the country are
now working to capacity, and some OF
them overtime. The drawback In the
situation, the silk makers say. ~ me
high price of raw silk and the snort uye
supply. But people have money 10 hiee.
increased prices. and the punEle ,''. uma.
said Yesterday. is how to Supply me
great demand for fabrics. 1t ls aVreed
that the call for silks. Is true p%a- %
rometer of prosperity. for oniy Wnen tne
people are prosperous do theS run "
luxurieS. , .
One Of the largest manufacturers OF
fine silks said yesterday that the sea-
sons output of the mills had peen con on
tracted for. and that he coulu HaNe uis
posed of more than seven t'i'es his
mills present capacity At III,
AS in the cotton goods trade, the sim
manufacturers say business 10 nov ~.
best since 1907. but the dye SITUATION 10
causing uneasiness. So acute ls IL thil
dyers will only make contracts SUD
ject to ability to get dyes ana 10 'arla-
tions in prices they must pay.
There have been several very striking
EXAMPLES of the manner in which the
European war has pyramided security
values of corporations. Bethieheln oteei
and General Motors standing OUT as
striking examples. These, however are
not the only war bcneiiCiaries. The con-
flict has brought almost as great pro.
portionate wealth to manufacturers oI
alcohol and its by-products.
on January q, 1915, the shares or the
United States Industrial AlcohSt ooo Somo noo
of common stock outstanding, 50 that
at that days appraisal the total com
mon stock was valued at II l,So0, wv. Inc
war was on at that time, but rev peo-
ple had discovered that denatured al
cohoI and the acids derived as by-prod-
ucts in it's manufacture had a war use.
In a little less than year the mar
ket's appraisal has multiplied more tnan
eleven times. At Fridays high Price p.ao
the common stock was valued at w.
2SO,O The shares reacted from los.
yesterdays high price, to l66 In the last
minute of trading. but at that price
there was a net gain OF l1B points or
the day. The rise was so rapld IN tne
late afternoon that a report got around
that an important announcement was 10
be made after 3 o'clock. There was no
announcement, and officials of the COM
pany professed to know of no reason 1or
any.
Heads of many of the large corpora
tions which have been forced. in order
to keep their plants In operation, 10
meet the demands of labor for higher
wages, have been disturbed as to how
they will fare when the rush OF orders
brought in through the war are COM
pleted and peace settles over the world
again. They ask whether labor will
then be willing to accept reduced
wage, or will demand that the war
wage continue to prevail.
The Utah Copper Company appears to
have taken care of this situation in
inaugurating Friday an advance OF %
cents a day to it's miners. The stipula-
ton is said to have been made that,
as long as copper continues to sell at
20 cents or better the advance will be
continued. but when the metal falls be-
low that price the former wage basis
will go into effect again.