The sun., 1916-09-16
INDUSTRIAL NEWS.

AMER. WOODEN CO.-Reported TO have re.
ccivcd order from Navy Dept. for $4,000 yds.
about 81, 500. 900 Govt. business 80 far this year,
and order comes ut time when last OF European
war contracts have Just about been executed.
BARRETT CO.-Preferrcd and common stock
admitted to trading In N. Y. stock Exchange.
DnIGGs-sEABURY Co.-Report that U. $:
Govt. has Communicated entire British order
Of Lewis machine guns denied: Govt. did
preempt $50 Of them at time Of Mexican crisis,
but remainder will be shipped to England a.
contracted.
FEDERAL OIL CO.-Rcports the bringing in
Of new loj btl. we'll in irvine field, Ky. Total
production now more than so bbls. q day.
INTERNAL. PORTLAND CEMENT CO.-Di-
rcctors have voted TO authorize Offering OF 100.
"" common shares In exchange for like number
Of Cuban Portland Cement shares. Oner will
h. made to Cuban directors for action by July
!. 1917. Their action will be final in matter
~ proposed merger.
MIDWEST REFINING CO.-Reported 10
have purchased Y interest IN EIkhorn OH Co ;nc
bill. -a-day producer has recently been brought
In. Company plans drilling 3 new wells i'm.
mcdiately. l Of which will tap Wall Creek
sands.
PETROLEUM IRON woRKs-Rcportcd that
company expects to have steel drum plant. In
operation within 90 days, and that many orders
have been booked for these o! coulsIners.
building II almost completed and Installation
OF machinery will he started ut once.
RAILWAY STEEL sPRING-Rumor con:
nc'ted with activity of stock places dividend
expected to be declared at next meeting at
u % Q share semi annually.
SCRIPTS. BOOTH ORP Reported will be.
gin business OF manufacturing automobiles with
81, 2,l,O0 In net quick assets, and Pres. c.
Booth Is quoted as predicting income OF SlS a
share next year. capitalization consists Of 20.
600 common shares. with no nominal par, 81
which u, 10 are held by treasury. Eosrd IL
composed Of G. II. Booth. W. II. Little. n. J.
AtilIar IA n .rip. II Snusuuhranupr
A.. r. sloan and T. r. Warner.
SOUTHERN IRON PRODUCTION Alabama
district Is reported responding substantially Ia
new demand for pig iron. Birmingham sales
18th successive monthly record breaker. Price.
arc said 10 range close to 3li.0 for spot and
other 1916 deliveries, and SIS for lst half Of
1917.
steel 4 Tinplatc Workers stimates that last
90 days sales give wage increases VI % TO all
men r~mplcyed IN hot mills. New rates, which
aud Oct. In Youngstown district payroll rec.
c,rds were broken for sth time this year during
aug; The figure. we, g. sss'iS; compared with
Total paid in wages since jan. I has been
s2s. las. o3,, compared with Sis. i76. oSi durine
CORE spending period In 1915.
TEXAS CO.-Reported that finance committee
shortly will consider inc. of 2Nt in capital stock
and Offering Of new stock FOR subscription AT par.
Report for hscsl year ended June 10. showed
net Of sls So: SCI after derrcc, charges Of al
most 500 900. This was equivalent to s37 ~
a share. and surpassed all previous earnings
records.
TORRINGTDN CO.-Declar red quarterly divi
d.nd Of 81 = share. increasing rate from s.
Heretofore semi. annual dividend Of 81 . shsrs
has been paid.
UNION SWITCH 4 SIGNAL CO Fstimstet
that earnings this wear will surpsss all records
N't said to b: pilins up at rate Of ietwear
81 5000" and H.co.oo for period. Latter ZIG
mr. NAtll 49, a. 60 -- a. q n