An Airship Contract with the Zeppelin Company New York, Nov. 17.
Mr. E. G. Wilmer, president of the Goodyear Tire and Rubber Company, to-day announced that negotiations have been concluded with the Zeppelin Company whereby a new company, subsidiary to the Goodyear Company,. would soon be organized for the purpose of manufacturing lighter than air ships and all supplies required by: that branch of aviation.
The new company, it was stated, will be managed and controlled by the Goodyear interests, and the Zeppelin interests will receive a minority interest in the company in_ exchange for their patent rights and the services of their technical staff. No cash consideration is involved, it was said.—Reuter.
U. S. Business Conditions The following cablegram regarding business conditions in the United States has just been received by the Office of the American Commercial Attache, Shanghai, from the Bureau of Foreign and Domestic Commerce, Washington, D.C.
Exports October $13,500,000; Imports $16,800,000.
Financial situation excellent.
Funds abundant and rates low.
Steel production lower.
Textile and automobile production increasing.
Price cotton 30 cts. (?), other commodities declining.
Railroad situation materially improved.
Outlook promising.
Text read from the printed page and cleaned; old type leaves the occasional error.