New-York tribune., 1907-09-02
STEEL ORDERS SHRINK.
Monetary Conditions Blamed in Part
Much Old Work on Hand.

While there is still large tonnage Of structural
steel work pending which must be placed beror.
the close of the current year. the outlook does
not present quite so healthy an aspect as It did
E-acb week shows less new work projected due IN
mart 10 monetary conditions and partly to the fact
that business In this IiIis settling down mora
normal conditions
The mills Of the Steel Corporation are running to
capacity II is evident that it has sufficient bust
ness on hand TO keep its subsidiary plants running
well into the first quarter of next year
The principal interest in the local market this
week will centre in the contracts 10 De placed for
the Queens approach Of the BlaekwsPs Island
Bridge for which the Department OF Bridges will
omen bids on September s. The work will approxf-
mate 5000 tons of material, including structural
steel steel castings steel rails, etc This will
complete the work on the bridge
Among the domestic work placed recently Is a
contract for loo tons OF structural material for
the Armstrong Cork COmpany's new building at
Lancaster Penn. which taken by the McC;lin-
tic-M Marshall Construction Company. and 10oO tons
of structural material and plates for the new fur
mace OF the Cleveland Furnace Company. A con-
tract Of 1000 for the Gary plant has also been
taken BY the American Bridge Company and 700
of bridge work for the Northern Central Railroad
has been contracted for. The Carnegie Steel Com
pany is understood to have the contracts for sup
plving the shapes for the two contracts for the
pier shed work in this city
Included in the work in sight is 5000 tors for
bridge over the Mississippi at ST Louis by
electric line LOO tons for the new Auditorium
building in Milwaukee and 100 tons for
hotel in washington. There Is also good demand
for structural steel for export Among the con-
tracts which are 10 be placed shortly is one for
200 tons OF bridge material for the Panama Rail-
road one for 200 tons for manufacturing plant
in Japan and a large tonnage Of work for the gov
ernrnent owned railways OF Chill There are also
several small contracts Of similar constructor
pending which expected to be placed early tais
month
Much interest has also been manifested IN regard
TO the strong effort being made by the Steel Cor
poratfon to get the bulk OF the business in the Far
East 4 new steamship line has been formed.
called the American and Manchurfan Line. which
is controlled by the United States Steel Products
Export Company, the export department OF tho
Steel Corporation The vessels viii ply between
New York and DaIny, Japan, China and the Straits
settlements The line Will first be used for the
transportation of the large order for steel work
20 be used on the Manchurian Railway.
The first consignment including bridge material
rails. cars locomotives and large quantity OF ma
chinery, left this port Saturday by the kabinga
It is the largest cargo Of steel ever sent 70 ths
Far East This is the first shipment OF total ot
$4,000 tons OF rails, S0oO tons OF bridge material
30 locomotives and $3.50 10 be used on the
Manchurian road The Carnegie Steel Company q
rushing the work fast possible
While the rail business is at a stsndstiI. il g
evident that the leading railroads beginning 70
manifest more interest in their requirements for
1903 delivery