The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
IT, s. STEEL ORDERS
GROW WITH RUSH
Entitled Tonnage Of 7.189,480
Exceeds Highest November
Record.
INCREASE STILL GOES ON

n any one ever doubted the violence
the swing between depression and
pauperism on the one hand and activity
And opulence on the other. AZ applied to
hie steel industry. the November. 1914.
Ind the November. 1915, statements of
Che United States Steel Corporation
lhouid dispel al, scepticism. Last
months exhibit shows the corporation
Nbsidiaries-snd the industry as a
ehole-at the pinnacle Of prosperity
sutput. shipments and new orders were
lever 80 great. Turning back to No
TENDER. 1914. conditi - are found ex-
kctly reversed. hen production was at
ne minimum and orders were never so
imall in a single month. For instance.
Hst month the total contracts for rolled
PRODUCTS booked by the corporation sub
.idiartes amounted to 2,2bO.000 tons. In
November. 1914. the orders booked were
bnly 21s.OO0 tons. or less than one
enth Of the sales made last month.
rhe output of ingo,s in November. 1915.
vas 1.S50.000 tons in November. 1914.
he output was only $4,000 tons. Ship
nents last month were approximately
l.225.O 900 tons In November last year
about $780, 900 tons were shipped.
The November statement OF the steel
Corporation was n surprising exhibit.
h highest guesses Of the increase In
uutIIIIeu tOUItdke WeTS uOt OVER bVV,VVU
0ns. and most of the estimates were
'ar below this total. SO that the actual
Increase Of l.024.o37 tons was most i'm
pressive. On November 80 the subsid-
ary companies reported untitled orders
Dggregating 7.1sS.4s9 tons. which is the
heaviest bach log carried since March.
1918. This total was only twice ex-
feeded In the history of the corporation
since the present method Of accounting
ras introduced.
The indication is that orders for rolled
steel products were booked last month
amounting to approximately 2.25O.0 600
tons. or at the rate of 3d. 900 tons a day
Tor the twenty-five active days Of the
month. In October, 1915, total contracts
were a little less than 2.04s.O00 tons.
which was at the rate OF S1.952 tons a
day. A year ago. that is In November.
1914, the total contracts booke by the
subsidiary companies were estimated 10
have been less han 21s.oO0 M which
was the minimum monthly sales record
In the history OF the Corporation.
The total production Of steel ingots
In November Is estimated to have beer
1.6S0.000 tons, which was at a daily rate
OF $3.50 tons during the twenty-five &C.
tive working days. but operations were
not entirely suspended during the holi.
days that occurred In November and In
October. The output of rolled stee'
products Is thus indicated to have beer
1.237.500 tons, or at the rate OF 4s,50C
tons n day Oh the basis OF twenty-five
working days.
Shipments Of rolled steel are estimated
to have been at the rate of about $4,000
Ions a day. which means a ota Of 1895.
600 tons. The volume of new bushes,
thus exceeded the shipments by 1.02&.03i
tons. The October statement indicated
that ingots were produced at the rate
Of $4,000 tons a day and rolled product.
At the rate of 1854 tons a day. while
shipments were at the rate Of $4,000
tons a day.
The following table gives the untitled
tonnage Of the United States Steel Cor
porat!on at the close of each month sine,
January. 1911: