Full text: Iron and steel (Vol. 1, nr. 2)

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
	        
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