The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-06

! s,u;iu tn the future. There is IN in
s!s;cnt demand for steel plates and
other materials fer our allies. Great
Britain France aud japan.
In view Of ih" fact that tho war
threatens t. hr continued with grow
ing intensity. IL is quit" pr"ohhI" that
Il cons idsrahi period may clapHc before
thu, production Of n"n-rS%rntials Is re-
s,rru"d. One notable "Aumpl" Of the de-
n!and for essentials is The placing by
:hr government az Il sea. 100000 order
for locomotives with lw" leading manu-
fnrtur"rs Enough nj these engines ar"
To hr ready in Urrlc" ~ avoid Il de-
ftri,ttcy Of motive power. which had 81
mulch 10 dn with the breakdown OF our
railroad system last winter. This or
der also supplements that recently
placed for 1907 freight cars. valued at
n":tr;y t3nU. U0n.n0u which Will douhly
insure uS against 4 repetition Of the
coal shortage.
Tn" effect nf war upon new capita!
issues IS very striking. ~ might be
expected when tn" government was en-
drnvrrirg t" gather III all the available
funds Iur IN. I.inrrty Loan. In April
thu rcrurtlcd issues from the leading
slate. wcrr. only "3.S0u.0d6. compared
with sian. ZOO. 200 last year. and $"2".-
400 unn III 1916. The total tor IN" hrs'
four months was s%3%.unh."V0. against
$S3S ,n0n. nuB last. year anH H"32.hQ"."VV
thr wear before or his total only
about IN per cent wiIs for the railr"ahS
and ~ .\priI tn" issues on this account
ceased almost entirely. owing 10 GOV
crnmrni CONTROL
ON the. stock exchanges there was some
revival ui' activity. accompanied by
dcrid"dly NOR, optimistic temper mus
WAS induced by IN" success "r III" LIN
cr;v Loan. by III" better war SITUATION.
hr satisfactory business conditions ana
hy n good crop outlook. Thr action ~
the government in meeting Inc nnaicla!
requirements ut New Haven and New
York Central also had Il marked rl-
feet, inasnurh as il confirms III" heller
;hai :h4. railroads, WIll receive fair treat
mon, under government control. l'uT-
ing the four months az government OPP
Grafton. over 5?h.Gh0. on" has been adj
yurcrd 10 ;hr railroads ~ loans 10
m.nf their obligations.
~ about IVA works h'' war finance
crrpnraliun Will Ia ready !" cnmm"nc"
nncrn;ions and tn" railroads and pub
H.. utilities also will receive the man
..lat CONSIDERATION {" when .theE Ut"
fairly entitled. Til" belief that our rail-
r,,adS cannot tV"r return To- prCwar con-
dj;InuS excited considerable distrusi nj
one ;iin": hut the acli ion If The govern
mcnr lust referred IL Indicates that r"a-
son AMI iusiir,. will play III" chief part
in such relations. and confidence is COR
rc$pundingly returning. Many railroads
mr., selling a, exceedingly l"w prices.
Same %; tnrm NJ half their real value,
lurcely owing tn tho former Illimr;h
rnli..v nf the In;"rslalc commerce COM
mission.
Certainly thrr" is II" initiation in rail-
rr:,d shares: though there Is Very con-
.iIrrnhl" Initiation In commodities anu
wa-ns Now that tn" bond c;tnpaiEn ~
over there VIII H.. less pressure upon
thc p,unry IlarE"t. and railroad shares
are. likely IL receive NOR" attention from
,rrrfuI hlvrrS. Inr"nl" tax payments
will soon y" in rrd"r: but these hay"
h.cu nrryidrd fer IN !rart and VIII. al
course. b. financed much more easily
Than the bond issue. Finally il should
mot bn .,v"ri,oIt"d that the south ana
wcst are rxr".dIngly prosperous owing
,u hish urires realized for agricultural
md mineral products. while the enst Is
ror"rspondingly prosperous because "t
continued industrial activity.
HENRY ELEWS.