The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-03-12
Business UndiSturbed
By Mexico Expedition
Commercial and Financial Interests Refuse to Be-
come Excited Over Crisis Invasion Adds to
Firmness of Stock Market.

Though an american military force 10
now moving into Mexico for punitive
purposes, the outcome OF which is
problematlcal. commercial and financial
interests Of the country do not appear
TO be disturbed.
In the New York stock market Friday.
the day that President Wilson an
nounced that United States troops wero
20 cross the border In pursuit OF villa,
the tone Of tie market became distinct
~ frmcr. Mexican issues rose APP
probably.
This strength, however, was not at
trlbutablc wholly to the fact that tho
uncertain policy toward the Mexican
situation had been replaced by 81 definite
and determined stand on the part of
the Administration. Other factors had
contributed.
II was learned By cable that J. =.
Morgan was about to sail from London
ranged TO take care of oil OF the Ameri-
can securities that have been mobilized
by the British government.
According TO the cable dispatches tho
British government has succeeded In
bonds for bonds and stocks OF American
railroads. which were in the hands OF
individual investors.
To Hold $3.50, OO0, 900.
OF this vast total. II is Understood
that J. p. Morgan a. Co. will place %
per cent, or S25OOOO. 900, on the American
market to he disposed OF gradually. and
will hold the remaining % per cent or
t7j0.OJ, OOO as collateral for loans TO he
madc to the allies for further shipments
of war supplies.
Furthermore, financial ccntcrs feel
that tho industrial companies that re-
CciTC orders from now on VIII he able
TO show very large profits. partly be-
cause of the higher prices received ana
partly because their business Is no
longer in the experimental stage.
Many of these companies in their an
nual reports. while showing large gains.
did not reach the high marks which
some of those who had invested in their
stocks anticipated Tho disappointed in
diNinLals, In many instances. overlooked
the fact that the period OF prosperity
with the companies had not set in until
late In 1918. The monthly statements
Which are now being issued show that
earnings arc still improving.
The steel trade has not only out
stripped all rivals. out Il has broken It's
previous records for business hooked.
The monthly statement OF untitled or
ders. issued Friday. by the United States
Steel Corporation. showed that on Feb
rGary - the orders stood at S,JlS aa
tons. an increase or GiG.lD tons ovcr
| January 81. and comparing with $3.50. rs
tons on December 81. 1906. the previous
| high record.
Unprecedented Demand.
Tint the demand for steel has swelled
to unprecedented proportions is sccu-
ratcly portrayed by this statement OF
| tho United States Steel Corporation.
| There has been u progressive inquiry
| for steel products since the outbreak
| o. the European war until at present
tho demand appears to he insatiabie.
steel companies, particularly the
Steel Corporation. have been unable "a
handle orders. and but for tho lack OF
producing facilities Fcbruary's increase
| OF business might have been even
greater.
The steel Corporation has nearly
doubled the amount of business before
| 1t hhat II had ono year ago. ON Feb
ruary ~. 1915, tonnage figures wore
| i.2i5,37l. Starting with November. 1914
| when untitled orders were 3.32+,5S2 tons
| there has been a steady expansion from
month to month with only few OK
| ceptions. until the present date, with