The sun., 1912-08-04
STEEL TRADE LIKE
U.S.S. QUARTERLY
Report showed Earnings to
June 30 Of S25,1O2.O0O, In
! crease Of 10 Per Cent.
MANY PRICE ADVANCES
Plates. Bars. Structurals and
other Products Marked Up,
With Demand Cnabated.

WIN I'N -
rhe steel trade as q whole was we'll salts
f,dvi.h the report Of earnings Of the steel
,orpora,ion for the second quarter of isi,
,nbli.hed last Tesuday. Although earn
ps. we're slightly below what the trade had
ton.d for and barely covered interest,
dividend and other requirements. an in.
,res.e Of 20 per cent over the fret quarter
N Profits was shown. This indicates
.hs, earnings of the Steel CORPORATION
which reflect conditions prevailing through
OIL, ~. trade. are easily working back to
A., roin, where safe margin above all re-
opiremen's will he shown IL now looks
q. though earnings for the first quarter
should show u corresponding increase over
me second quarter and the fourth quar-
,sr earnings further increased over the
third The trade believes that earnings
n the second half year will wipe out the
d.fc, TOR the first half year and provide
a, least elo.oOo. 600 for surplus after liberal
depreciation charges have been written on.
steel men are encouraged that the trade
has shown such an Improvement and that
he steel corporation will be able to show
ssIrplus IN a year which started with prices
20 low that predictions were freely made
that the steel Corporation would have to
fNdN'e OF pass 'ts co"'''on oiNiueho pay
ments
The repor, of the steel Corporation for
~ second quarter sho"eu ne. earnings
o. over w." w" a. '"'hparcu Win *i''SV'-
rH for the first quarter.
More important to the trade than this
sloNi "t improved earnings were price
ID. H. tc.s t,,, A.
advances nahe u"r'hs the last week III the
ihfce n'">t important stcei prouucts. An
az an" of ~ bcr Ton lot Dars was ordcred
esrr IN The week II! the Republic iron and
sect "nIdh\. "'ich LOOK the leau III max
oa th" last adNah = in tho same kind OF
material 'h" same company followed
ihis Win similar advance Tor plates and
s!ru'tu'sl steel and the trade as whole
81 ~ prices the same amount before
''en' Your hours has passed following
~" E"puhlr announcement. The United
>'a'cs steel corporation and others did
no. olak" oNiciai announcements of the
rcher prices but simply changed their
uI"ta'ions TO u 10 per iOO pounds for S,ecl
bar. aud 81 33 per 100 pounds for structurals
''ud plates. An Eastern manufacturer
sd,anced steel plates 81 per ton higher than
zen the general quotations. $40 per iW
POUNDS. The American Iron and Steel
ompany advanced the price Of bar iron
s rrr ton TO quotation of q 40 per TOO
rounds. hich has been or will be folio ed
h.. q, her companies Many advances we're
made during the last eek Of 81 TO .? per
on in minor steel products while various
grades of pig iron have been quoted higher
drring the last few days. Local jobbers
have advanced the prices of stfucturals.
pls,es and bars o. per ton. The major
steel products we're advanced :: per ton
turing July and quotations are now as high
or higher than they we're year ago. while
now. even with the recent advances. pre-
lniums are being charged for prompt de-
hvery where year ago concessions were
gwen from quoted prices Steel mills
throughout the country are so cohgested
With business that premiums of u per ton
on steel bars. ~ to - on plates and
from u to $40 ton on structurais are being
pad TOT immediate snipnehts Even with
ms great muuceheht eteei companies
nave peen uhaoie 10 take Ihucn oi the prompt
GehVery work because OF the prevailing
ongestion. recent advances were Justineo
- the continued Drisk demand Tor steel
PRODUCTS for the past year lhuepenheht
'eei companies nave taken .he Ih'ia'Ne
10 advancing prices contrary 10 the conteh
non o' mo stahie! o'eei com'hittee that the
.uuepenoents sI~a!s iouoMeo t"e S'oe'
~>
Not only mas the Steei Corporation SHOWN
nproVihs earnings out Hoepehoeh's' many
"ho''' ha'e psseeo u,'ius"us vi "sNe
pee" uhAoio " pa. "Ae3 e"s'ses' ar
10" showing 'air proIte aoo'e REQUIRE
''en's' Inc nepuonc iron anu S'eeI No'n-
any 10 eAp~oteo " s"ow p'""sS eoo'e. :.
10 "arIah' ,he nesu,np'on VI pe"
"N'dehos' inc ne'niene" S.ee' NorpoI"'
on sho~eo earnuts ~, .he nrs' ~. "ou.hs ~
,opve tne preierreo u.'menu r".e' me
ssho oteei 'onpa"y ea,nnk !" eAceeS
=" uNlucno reuuTeh'eh's' WINS '"e IaeMa
ans ".ee' opsN' ~"o" 'et."", .
n-" ue"e'' "''e' '"' pus"e". "a
.,e ona'ses' ~" ~
eh''a' sum aooVe '"'eeet eauuo"','s'
N eNery on1 w .i,e 'a.k-' NV.
80. plsov w - - ~
'nT.eSeu 20, wi M, ~,
~. ''"' " ~ 80
p.ah. a.,
-r'' So to.pa. ,J va. ..,''
.'.''"e :" '''s.os ~ W. y. oV"'s
$50 L;.I 80 H., har. ,,r.ra;isd
.i. n,,,'n' I rna..rm Iii 40. ~,
-. .,,i.
"' ., a., ,i,
,., e;
,hs, ,."'. III, ~, J .. ,nIs.s,.,,d ,,,,,.
~ w. INNS n"'u W 80.
.u7 .ou .,'I " 80
anu mahs ., 'nei" nS Le"u ~
Nv" ~
.Sh 'he nrs' Quarter "I lo.J. Isorca,oi"
49,, .' nai So ,u. a,, o p
t'a' i'o'" Vic MINIS 'o' ooo"e' '"S" !"