Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1915-05-22
Steel Industry In Good Order.

OpCI CIdtliS On DdSlS vi uStWSen ~
and rs per cent of capacity this
week, and views of the leading
authorities in the trade are steadily
growing more optimistic.
While the Lusitania affair is said
to have brought about a slight slow
ing up in the placing of domestic
orders in some lines, export busi-
ness is upon an increasingly broad
scale, and quotations are being we'll
maintained in the various products.
Charles M. Schwab, president of
the Bethlehem Steel company, is
estimated to have booked at least
500, 900, 900 i'll war contracts.
The corporation plant at South
Bethlehem, Pa, is operating at full
tilt. Most of its departments are
running day and night. the total
number of employees on its payrolls
is said TO be over 200, 900. The
shrapnel contracts closed by ii are
estimated to be larger in the aggre-
gate than those booked by competi-
tors, and on account of mad equate
capacity to meet the extraordinary
demand work amounting to several
millions of dollars in value has
been farmed out to other compan-
les.
Contracts of the American Loco
motive company, New York Air
Brake company and the Westing-
house Air Brake company figure
up to about 5000, 900 shrapnel
shells, and will require over 81 900
tons of steel in their manufacture.
The Baldwin Locomotive company
is also a large beneficiary in war
contracts, and is in the market for
1000 tons of steel to carry them
through.
Among the foreign business
mentioned is a $3.50 900 order tax
EN- by the Cambria Steel company
for 10000 car axles to be shipped
to Russia and more than 81 600 600
by the same company to go to other
countries.
Business with car companies is
said to have picked up substanti-
ally of late. An order for 900
steel cars has been placed by the
Baltimore & Ohio railroad one for
2,7O0 steel oil tanks by the Atkin-
son road, and the proposed Penn
sylvania order is expected to be
distributed shortly.
Export business of the United
States Steel corporation is imprOv-
ing and is now estimated to be up
to what it was prior to the out
break of the war.
Discussing the general situation
in the trade, the Iron Trade Re
view says:
With the broadening of domes-
tic demand accentuated by numer-
ous inquiries for railroad equip
ment, the steel trade moves forward
another lap in its march on impro-
vement. Just at time when a
slight halt was noticeable in some
finished lines, added impetu has
been given the industry by the
Pennsylvania s announcement of
enormous requirements which will
involve the placing of 10000 steel
cars, divided almost equally be
tween Eastern and Central Western
lines
Large rail orders are also pend
. ing, including 5000 tons for the
Central of Argentina railroad and
SO 900 tons for Pennsylvania.
] War orders that have played 50 con
spicous a part IT. recent satisfactory
. developments show no abatement
! in size or number. Lackawanna
+ Steel company will roll 30, 900 tons
p of IS pound rails and track fasten-
ings for Russia, and the American
! Locomotive company and the New
York Air Brake company have
. made inquiry for u 900 and II ,O0C
I tons of steel bars respectively to fll
? contracts. -