The sun., 1912-07-25
STEEL ORDERS DECREASED.
Incoming Bnsiness drops OH In tho
last Few Days-We~kiy NrVirws.

| ----------
| Incow,vr Bns,ress Urops OH in the
|
| Last Tcw DsSs-"e"Hs "e>""'
| During the las, fcw ,,uvs stcc, manufac-
,urcrs say that there has been X noticeable
dc,rcase in now business booked owing
\ 10 the fac, that consumers have filled their
| reuIircments for the next few months.
| Tbis ia not surprsinv as business is usually
cx,rencjy light at this time of the year
Even though there has been u falling or
in the volume. business still being hooked
| IL very good for the midsummer season.
and will, the large tonnagcs taken in carly
! in the month tho aggregate business in
iui,. ui,i prcssp, "a Letter showing thar,
thc average for this month OF other years.
Ercentjpg for euuipment company orders
vsrv l,tjs now business ia looked for IL,
| August What business is being booked
| nj urcscnt is for urgent needs and com.
| mands "A premium IN some rascs AS high
| rs 81 a ton for prompt delivery. Steel
manufacturers welcome The letting M
ps tbcy are hook a. ak months ahead. and
M higher priccs are look ed for in the fall
any business dcfcrred from now until then
will mean extra profits to the manutac-
turers when IL is placed
The price Of light rails covering all soc
| tions from to al pounds has been advanced
nearly o. a ton There has been v great
/ demand "A
| present tonnage booked is the heaviest in
many month";.
The Southern New England Railroad
| has ordered n. 900 tons of steel rails. This
| il the Nov England branch Of the Grand
! Trunk and further rail orders are looked
| for in the Instruction work which will
carry this branch Of the line to Providence.
| The Amer lean steel and Wire Company
| has tuken heavier orders tor wire products
l 80. aIx,..
month excepting 1910. when average or
ders booked were 10. 500 tons day during
this month Tho coTpany anticipates
| further advances of wire prices.
! The Newcastle steel and Iron company
has been incorporated and will erect large
! steel ear making plant in Newcastle al once.
rhe American sheet and Tin Plate Company
| will increase its capacity by the erecNoh
| Of two open hearth furnaces. while ionr
additional furnaces will be erected IN 'he
near future
The New York Cen'ra' Railroad has
awarded the contract for the construction
of the nov Plimore Hotel TO tho George \.
Fuller COMPANY About ii.ow tons oil
structural steel " i'll he used.
officials Of the ,ruciblc steel Company
state that julv business in high grade tooi
steel is showing q big increase over that ot
May and June which was very satisfactory
|
are steadily improving
Weekly reviews appeared Yesterday in
the Iron 40, and the Iron Trade Rfricr.
l'The Iron tos SAYS
New business in most finished steel
| products il considerably under the rate
of sbjpmen, from the mills steel manu-
fac,urers. however, are perhaps loss in
terested in the actual rate AT which orders
are coming in for future delivery than in
the very serious problem Of meeting salts
factorily the demand for better deliveries
on contracts previously booked.
1T now seems 10 be we'll established
that important steel interests ovcrsold
their cspaci,y in the early months OF this
year and are reaping the consequences.
This is a customary feature of the increase
in demanJ following a lon. pe riod of en-
forced economy among consumers. Some
or the pro,npt delivery business nov coming Z
IN ula,e mills in eastern PENNSYLVANIA
rcpr..rul. cauceilat ion, OF order, previously
placed with other producers. while Chicago
adyiccs state that il shipments could be
insured a large tonnage OF new business
would be placed on order books in that
district,
New projects in the West requiring steel
are being DELAYED as a result of the mill
; situation. Premiums for plates. structural
, sha pes and steel ba r. are being obtained
for prompt delivery in the Chicago market
steel bars commanding as high as 81 per ton
above the regular price Cleveland advices
state that premiums OF 81 per ton on stee
bars and - to d on plates are being OBJ
tained there for quick shipment.
car and locomotive orders are more
r numerous. orders for about 10000 cars and
, about 700 locomotives having been placct
the last week, while estimates are being