The Washington times., 1916-01-23

deposits and total resources was at even
higher rates. The fOrIncr went rom
o. Jos 2,i 800 to- IS Os0, 2Ii 300, aud the lat
Ter from t3.9iO.75s,29o TO f5.ses,e0S''OO.
The American silk manufactures Is
adding his voice 10 the proFpcrily
chorus. The mills OF the country are
now working TO capacity ana some oI
them overtime. The drawback IN lhe
situation. the silk makers say, ig the
high price OF raw silk and the short dye
supply But people have money 20 meet
increased prices. and the puzzle lnHt
confronts the trade, a mAnuia,ctu.I,eI ~
said yesterday, Is how 10 supp,N ~ ny,snJ sJ
that the call for silks. Is 2 true pa
rometer Of prosperity, for only Wnen tne
people arc prosperous do they run 70
luxuries.
fine silks said yesterday that the sen
sons OUTPUT Of the mills had peen con
traoted for. and that he could nave ulS-
posed of more than seven times MS
mills present capacity. ~.
As in the cotton goods trhde' tne SIN
manufac cturers say business is now the
best since 1907, but the dye situation ls
causing uneasiness. So acute ls II tnht
dyers will only make contracts SUD
ject to ability to get dyes ana 10 NArln-
tlons in prices they must pay
There have been several very striking
examples Of the manner IN which tne
European war has pyramlded secEIlly
values of corporations, Bethlehem steer
and General Motors standing out as
strikinR examples. These, however, are
not the only war beneficiartes. Phe con-
fiict has brought almost as great pro-
portlonate wealth to manutacturerS OF
alcohol and its by-products
On January "a, 1915, the shares OF tho
United States Industrial Alcohol Somo Soao
pany sold for SIS. There. Is $l2,OOo, ,OOO
Of common stock outstanding, 50 tnhL
at that days appraisal the total COM
mon stock was valued at tl,SOO,0OO The
war was on at that time, but few peo-
pie had discovered thet denatured at
cohol and the acids derived as Dy-pIou-
ucts In its manufacture had a war use
In a little less than year the mar
ket's appraisal has multiplied; more than
eleven times. At Fridays high price
the common stock was valued at w.
$50, 900. The shares reacted from l6y,
yesterdays high price, to 100 IN the lsS lesS
minute of trading, but at that price
there was a net gain of 17h points OR
the day. The rise was so rapid IN the
late afternoon that report got aFpuno
that an important announcement was 10
be made after o'clock. There was no
announcement, and officials of the COM
pany professed to know OF no reason Tor
any.
Heads Of many of the large corpora
IlonS Whlcn nave peSh lOiSOu u,
to keep their plants In. operation, TO
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 a 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 25
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.