Evening star., 1938-06-26
C|TEP.W.A.0UTLA
IN MARKET'SR|SE
Officials Hail Stocks Squirt,
Point to 322,000,000
Materials Orders.
" the Associated Press.

W0SVI SC&lo W WI os
" the Associated Press.
Public Works Administration on
cials smiled broadly yesterday at the
weeks gain In stock market quota
tions and pointed without comment
to 1921, 900 900 Of P. w. A. orders
I, moving into the heavy industries.
That amount of basic construction
materials, they said. would be re-
quired by the $40, ,5s5, ,o2e Of non
Federal projects allotted during the
last three days and the $50, ,000. 900
Of Federal works now IN the mill. The
two items are part Of the lending
spending program.
Administrator Ickes and others Of
the p. w. A. high command refrained
from odicial statement that recent
buoyancy in securities reflected P.
W. A. preparations to spend. but they
saw to 1t that reporters were duly
supplied with q breakdown Of the
materials to be ordered.
The lists were accompanied by YER
bal assurances from Administrator
1ckes and Howard A. Gray, assistant
administrator, that there would be
mo odacial comment" on their rela-
tionship to rising prices Of steel and
other shares.
Estimates Are Given.
Following is the value and type of
material the estimate said would be
required by the first 1000 projects Of
the 1888 program:
Iron and steel products, SOC, SOC, ,000
Foundry and machine shop prod
ucts, Including machinery, $27. SOC, 900.
Electrical machinery, apparatus and
supplies, $23.000,000.
Lumber and millwork, 323, ,400, 900.
Cement. $22, 800, 900.
Brick, tile. etc., $l3, ,400, 900.
Heating materials, $500 900.
Plumbing materials, $8,700,00o.
Other materials, $lo2, 800 900.
Total, $322, ,000, 900.
Coincident with P. w. AS plunge
into the materials markets, the Works
Progress Administration asked bids
yesterday for an estimated $4,000, 900
Of cement, asphalt. sand, gravel and
crushed stone to be delivered during
the next six months.
Harry L. Hopkins. w. P. A. admin.
1strator. said the materials, one Of the
. largest orders he ever has placed,
would be used on works progress prof.
ects to keep an average Of 2,soo, 900
enrollees at work.
$40 MO QSn Il, Cro,,<r
P. w. A.. heading toward $500, ,000,-
600 of construction, announced grants
totaling s49,062.950 for 265 Federal
projects and allotments Of 1925, ,260
in grants and $24,0 in loans for ~
other non-Federal projects.
This first batch Of Federal works
under the 1888 program included ST.
$4,000 for Navy Yard improvements,
s13,26s.200 for veterans hospitals in
10 States. t5.313.0oo for Indian Service
projects, $2.098, $50 for the Lighthouse
Service and $4,000 for Coast and
Geodetic Survey projects.
Yesterdays allotments brought the
total number Of new projects to 2,042
at an estimated construction cost of
s4ss, ,o5s. .33s.
Non-Federal projects, the bulwark
OF the program. total l,777, for which
) the Government has committed t201,.
290,7 OF grants and t24, 4,2s2, 500 of
loans. Applicants are pledged to pro-
vide the remainder through local
financing.
~ In Million Dollar Class.
Eloquent Of the admtnistratiGns de-
sire to spread construction over as
wide an area as possible. ohicials said,
only % projects thus far have fallen
IN the "million-d dollar" grant class and
but six have crossed the two-million-
dollar line.
For the most part, allotments have
been for q few thousand to one-half
million dollars, and the projects, typi-
cal Of P. w. A. programs Of the last
five years, have been distributed
among all States and territories.
The big six Included:
Tacoma. Wash. S2,700,o00 grant
for highway bridge across Puget
Sound.
9oooiAUu1y, NUIIl., $Z,0Io, lU grant
toward construction Of q State train
ing school.
East st. Louis, nl., $2,475.ooo grant
for bridge construction.
Fort Wayne, Ind, 1892 900 grant
Tor sewerage improvements.
New York, 42,250,o00 grant for .
library.
New York, t2,221,772 grant and
S2,715,6o0 loan for Hunter College
buildings.