in 1916 another leap to 42,773,680 tons, in 1917 to 48,500,- 000 tons, while in 1918 the production reached the vast output of 44,700,000 tons. It is figured that during the period this country was -at war, from April 6, 1917, to November 30, 1918, a period of approximately 20 months, the capacity of the rolling mills of the nation was, 68,000,- DOO tons of iron and steel. The steel works and blast furnaces of the Pittsburgh district give employment to approximately 90,000 men, and it is estimated that the total payroll of Pittsburgh is about $2,000,000 a day or more. Exports of iron and steel, as well as other manufactures and commodities, are facilitated by the Foreign Exchange Department of the First National Bank at Pittsburgh. This institution has established direct banking con- nections in all parts of the World, which are a great con- venience in the handling of documents pertaining to Foreign Commercial Transactions. All branches of International Banking are completely covered by our facilities. We issue drafts and make payments in all parts of the World. We handle Trade and Bankers’ Acceptances. All languages are spoken in this department. Officers of this institution are trained bankers with a wide experience, and its directors are successful men in a large variety of enterprises, affording a broad scope of business knowledge. Capital . Surplus . } Resources, over 5 4,000,000.00 1,400,000.00 45,000,000.00