Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1921-12-16
BETTER BUSINESS FOR
NEW YEAR PROMISED
Every Industrial Center Reports
Revival of Business During
Month of December and
Bright Prospect 1922


preston was reached some time ago
and that we are now on the up grade,
moving forward with increasing vol
ume, slowly it is true, but none the
less surely and steadily.
One year ago corporations all over
the country were reducing and fire.
quently passing their dividends-to
day the financial news columns daily
carry the reports of dividends to be
paid at the original rate and not I'M
frequently an extra dividend is add
ed That the country is fundamental
Iy on a sound basis is demonstrated
by the manner in which new issues
of good securities are being taken up
by the public. On November 9th the
information was sent out from Wash
ington that within a period of only
a short time municipal bonds total
ing $6O,00O,O0O had been sold, $34
100000 were just being sold and more
than $10,000,000 State bonds had been
quickly taken up by investors. The
proceeds of these purchases are to go
into public improvements and the
State of Wisconsin is taking her part
in this great work the money recefv-
ed from the sale Of the many issues
of county and state bonds having al
ready started back in to the communi
ties which issued the bonds in the
purchase Of cement, steel and largely
in the form of wages to the workers
who are employed in this work These
wages will be passed on to the mer
chants in every line of trade Nest
of these improvements will not start
until spring owing to weather condit-
ions
Another interesting item was that
which came out November 18th to
the effect that the $5O,OOO,OOO bond
issue of the New York Telephone Co.
was over subscribed ten times-that
the largest loan ever made on a single
structure namely $12,OOO,OOO on the
Office building in Detroit just erect
ed by the General Motors Corporation
had been negotiated by western
capital in the hands of S. w. Strauss
Co, Chicago.
The same news item goes on to say.
Further evidence of improvement in
the steel industry was given yesterday
For the first time in more than year
orders for structural steel are equal
to more than so per cent Of the cap
acity of the plants of the country
according to G. E. Clifford, secretary
of the Bridge Builders and Structural
Society. During October contracts
placed amounted to 1880 tons or 81
per cent of the capacity of the bridge
and structural shops In September the
orders totalled $4,000 tons or As. per
cent of capacity.
President Vanclajn of the Baldwin
locomotive Works stated this com
pany received more orders in October
than in any month during the war.
The American Car and Foundry
has received a sizeable order from
the Chilean Government. The Am
erican Steel Foundries plant at Al
lance, Ohio, has resumed operation
after shut down of several months
and will soon be at capacity.
The reports were sent out Nov. 10Th
Baldwin Locomotive Works had 40 per
cent Of its capacity on its order
books that it would enter the new
year in the same condition and ex-
pected to reach rs per cent of the
capacity by October, 1922. ~
That the Carnegie Steel Co., had
that day increased furnace produc
ton in the Mohoning Valley to over
one-third capacity while Shenango
Tin Works, of the American Sheet
and Tin Plant Company, next week
will increase operation to Is per
cent of capacity. Total inquiries from
Eastern railroads will total over 400,-
600 tons of rails.
December End the Iron Trade Rev.
enue discloses the fact that New York
Central Railway is acting on bids for
100000 TONS of rails-the Pennsyl-
vania Railway will act on the pur-
chase of 10000 tons while two other
railroads are asking for bids on co.
600 tons of rails Inquiries for nearly
10000 freight and passenger cars are
pending which include 400 for Pennsyl-
vania Coal & Coke, 1000 for Pere
Marquette, 1877 passenger and 1900
freight cars for the Burlington. 1000
cars for Northern Pacific and 1900
for Great Northern. The Burlington
has since placed orders for the 127
passenger cars.
The decision of the United States
Supreme Court, declaring the Federal
Farm Loan Act constitutional was
handed down late in the summer and
the loan banks organized under that
act were again allowed to function
and their benefits are just beginning
to be felt by the farming commun-
tiles. The condition of the Federal
Reserve Bank was never so favorable
in that the Indebtedness of member
hanks iS constantly decreasing while