Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-18
BUSINESS NOTES

with notice that ~ mss reason 20
believe that the American Sheet and I'm
rate Company. OF New York city. has
discrimnated in prices between different
purchasers OF its products. IN violation
of the Clayton ANTITRUST act, the Fed
eral Trade Commission issued a formal
complaint today citing the corporation
TO appear April . TO defend itself
The war trade board announced today
that the Belgian Government had re-
moved all import restrictions on wines
and tobacco
The Commercial Gable Company an
nounced today that cable service between
ms country and Guam, Philppines'
CHINA and Japan has been interrupted
Control OF the Locomotive superhenter
Company. of New York, has been
acquired by the railroad administration
through purchase from the alien properly
custodian of 81 per cent OF the STOCK
formerly belonging to German interes.s'
In announcing this today, director zen
eral Hines explained that George J,
Bourne had been reelected president ana
that the policy OF the company would
not be changed materially. Inc Pur
chase will prevent the concern from
passing back to German control. Ihls is
the first manufacturing enterprise OF
the kind acquired by the railroad au-
ministration.
Small copper sellers are quoting 16%
cents a pound in an effort to do business
According 10 gossip in trade clrcits ;
sales of small lots of red metal nave
been made at even lower levels. Large
producers reduced their quotations on
Monday to 17is cents pound, but TINS
did not result In a buying movement OF
any proportions, hence copper autnor-
tiles says II is only logical to expect DIG
sellers will make further price reuuc-
tiOn hpfnrp the Cn1 of the week.
Urgent recommendation for lower
prices on iron and steel products thai
prices generally may become stapillzeu
Pressed Metal AssociatAen comprising
representatives of coN9f es engaged IN
production of metal stampings OF all
kinds. and consuming about 100000 tons
annually of sheet strip and plate steer
The organization also went on record
as being opposed to the recent recon-
mendation of the United states Secre-
tary of Commerce relative to price ad-
juStments.
In usually well informed steel circles
il is stated today that an announcement
| Is looked for at any time of further
decline in steel prices.
westmoreland County. Pennsylvania
mined 100000 tons of coal and manu-
/ factured 100000 tons of coke in 1918,
! being slightly below 1917. wages
| averag gcd a shade over SC day, an in
| crease of sl.75 a day over the previous
/ year.
! The bulk of the seventy y-one loco
| motives delivered by the Baldwin
| Locomotive Works in January for the
! railroad administration were shipped as
! follows: Lehigh Valley, five; Penn
| sylvania. FIVE Baltimore and Ohio
thirty-three, and Philadelphia and
Reading, i've The company also ship
ped ninety miscellaneous locomotives
and completed twenty-five foreign loco
motives. making grand total for the
| month 1856.
! Government purchase orders for peace
| time materials aggregatmg SlS,oOo,OOt
have been placed with Detroit manufact
urers during the past few weeks. Other
| contracts are being issued daily
IL IL felt by some members of tho
! wooden trade that there will not be 6
lseen demand for pulled and secured
woods at the governments wool auction
| which begins in Boston today, fai
number of prospective buyers are look
ing over the samples of wool which vii
be placed on sale this week. There ha
been comparatively little business II
wool tons Dealing in these. it was said
j has been retarded by the fact that th'
American Woolen Company and th
Arlington Mills have not purchased
| much wool at the government sales
| The American and Arlington companie
are regarded as barometers in the busi
ness in the Boston district. Unless the,
operate, other mills hesitate to begtr
dealing.