New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-11
steel. ORDERS
TAKE BIG JUMP
Most Optimistic Forecasts
More than Realized by
Figures Published.
RIJSINESS IN HAND
is 6,165,452 TONS
This on October 81 represented
a Gain of 847,834 Tons
i'm One Month.

The best previous estimates IN Steei
circles on the amount OF untitled or
ders on the books of the United states
Steel Corporation were more than Gov
cred in the company's statement yes
terday showing the tonnage on mana
October 81. In Stock Exchange circles
even the most optimistic forecasts
were realized.
The untitled orders on hand at INC
end Of October amounted TO 6,loo'4o-
tons. an increase of s47.sS4 tons over
the September statement. The gain IN
tonnage was the largest with but TWO
oxc. ptions in the history of the COM
many. On October 81. 1912. the III
crease in untitled orders amounted 70
I.o4o.S74 tons. and on December ~
1911. there was a gain OF g+z'SVo IONS
n was emphasized in Steel clTSIeS
that tho current showing made by tac
Steel Corporation, IN view OF us S'4N
I'm condition and refusal TO book thou
sands of tons Of new business. was an
index of the excellent position OF the
entire steel Industry. II was estlnat
cd that the United States Steel plants
shipped at the rate Of 1900 tons o.
steel day in October. The gain II
untitled orders amounted 10 s~'-VV
tons a day.
The October returns indicated large
earnings for the corporation snd esq
mates were made that profits for the
current quarter might be ABOVE fa'hS.
than below S45.0O0.00o. As resG1:
of Yesterdays statement many Stee.
men believe that further advances N
the prices of various products will oe
announced i'm the near future. In re
foreign department France i now sad
10 be the CORPORATIONS best customer
and there is every indication ms. the
demand from abroad will not seate for
some time.
Steel trade publications tell o. i'd
vances in the price OF finished products
which have had no effect toward les
sening demand Domestic buying last
month was said 70 have been the ossi
Cor a long time. but the. scarcity II
steel for munition PURPOSES IS the OUT
standing feature of the market.
"The Iron Age" saws:
The Steel Corporations statement
;hat its untitled ofders increased - :
600 tons last month gave the hrsr den
rite measure of the steel trades sen
sational leap forward in October. Priee
advances have had no effect OF eurtail-
ing demand: it is. In fact heavier now
than at any other stage in the preser'
remarkable movement In the las,
week pig iron, billets and number OF
finished products have gone higher"
"The Iron Trade Review" sumTar
ICES the situation in the shops as fol
lows: The recent heavv bookings Of
steel makers have left the mills viii
their capacities booked 20 far aheat
that IL is becoming diNsult 10 place
additional large tonnages. The scare
ity of material applies particularly e
rounds and blooms used in the manu-
facture OF projectileS and many orders
for this class OF steel row are going
begging. The scarcity also rapidly Il
becoming extended 70 all other forms
If steel, Such as plates. shapes, bar:
and other products, on which maker
in nearly all cases ere sold up for The
balance of the year. ard in many case.
practically through the first quartet
of the next year