Evening star., 1939-07-05
Increase in Machinery
Sales Predicted for
Rest Of 1899
Federal Orders to Spur
Some Lines Sharply,
Poor's Declares
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 5.-Most
branches of the industrial ma
chinery and machine tool industry
will experience increased sales dur
ing the remainder of 1899, accord
ing to Poor's Industry and Invest
ment Surveys. Substantial gains will
develop in certain divisions, espe-
cially those whose bookings are
being supported by Federal orders.
Since profit margins are expected
to be as wide, if not wider. than
those in 1888. satisfactory profits
will be experienced.
Manufacturers of power and gen.
Grating equipment will benefit from
the electric utilities plans to aug
ment generating capacity this year"
continues the analysis. "Indications
are that between $45O, 900 1000 and
$500 100000 will be spent during
1899. This will add less than
1000 900 kilowatts of new generating
capacity to the industrys present
$4,000 ,000-kilowatt plant. Roughly
$3.50 900 900 may be spent for steam
generators between now and early
1940-more than in any year since
1880.
Factory Needs Cited.
Given an improvement in gen.
eral economic conditions, industrial
plant modernization will be speeded
up this year and will create sizable
orders for boilers and allied equip
ment. In 1898 sales of mechanical
stokers were per cent below those
OF the year before, but during De-
cember they were nearly per cent
ahead of those recorded in the cor
responding 1887 month. Sales for
the 1889 first quarter were II per
cent above the first three months
of 1898.
Companies serving the shipbuild-
ing field are especially we'll situated.
In addition to the Maritime Com
missions program. with its goal of
SO new ships a year, there is the
Governments naval construction
program. under which Congress re-
Gently awarded 1921 900 900 for the
construction of "a vessels during
the 1910 fiscal period-the largest
awards ever made during any peace
time year. Diesel engine manufac-
turers are expected to receive a sub
stantial amount of business from
these sources during 1899. The
$4,000 gross tons of private mer-
chant vessels under construction in
United States yards on March l
1899, were nearly II per cent in
excess of volume on the correspond
ing 1888 date.
Expected to Improve.
Manufacturers of construction
and conveying machinery, likewise
should fare better during the re-
mainder of 1899. The 81 1,1O3 900, ,OOC
in construction contracts awarded
during the first four months of 1899
was As per cent ahead of that a year
ago, and continued uptrend in con-
struction activity should be wit
messed.
Manufacturers of metal-working
machinery have experienced a rela-
lively steady improvement in busi-
ness since early in 1888 and pros
poets for coming months are salts
factory. New orders for foundry
equipment in April, 1899, were "a
per cent ahead of those of April
1888. During coming months SUBJ
Stantial orders for machine tools
will rise from Cd sharply higher
production in the aircraft field, CD
modernization of Army arsenal and
Navy shipbuilding facilities which
generally have not been improved
since the World War, 90 automo-
bile retooling for 1910 style changes
"a Stepup in activity at the nu-
merous steel plants and 50 greater
industrial production, especially in
Industries receiving Government
business"