The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-03-24
Steel Corporation Will Not Raise Rail Prices;
$4,000 Tons OF Rails Ordered in A SINGLE Dav


NEW YORK. March 23-The steel
mills are overwhelmed with business
offered by domestic consumers. The
rulrotds are especially importunats
20 secure mil positions FOR the rolling
OF rails. and the manufacturers OF rail
road equipment are striving for place ON
tht uill schedules Tor delivery durinE
the hfst Quarter and nrst half Of next
year In the last two days the railroad
companies hav. ordered 4s2 600 tons OF
standard section rails. mainly for de
livery IN 1917. This makes a total Of
tsS."uo tons ordered since the first OF
March. The Pennsylvania Railroad -
week Tor next years requirements
which viii probably aggregate upward
OF 100000 tons. Rail business il pend
Ing aggregatinE 100000 tons for next
years ahipmcnt.
RAN contracts placed yesterday sggrc-
1, ms for the New York central and
10000 tons additional for the Baltimore
ohio. making tn total purchases
tons. viii b. rolled 10y the United States
steel corporation. and th" balance by
the fcnnsy iNanla. Cambria and other
Several OF the Southern railroads
rails. including $1,000 tons for the At
lautC Coast Line. $1,000 tons FOR thu
'hcsapeakc q Ohio. and smaller sup
Elementary lots by tho Southern Rail-
''t'
Tho United States steel Corporation
has decided to make no advance IL Tho
price OF standard section rails. no mat
ter what action may b. taken 10y other
rail mills. This. OF course. means that
the railroads viii secure all tho ton
nagcs they require az S2S FOR E.SsoIncr
and $50 "A ton for open hearth standard
sections. Under the circumstance 81
buying rails heavily. when prices OF all
other rolled products have advanced
from Slo To- S25. or even more. "a tom.
Shipbuildcrs are vieing with tire rail-
roads 20 secure heavy tounaEeS OF rollet
steel for delivery over the FIRST half of
1917. The United states Steel torpor-
alton has taken additional contracts
Tor about POO. 600 tons Of steel bars.
pilates and shapes for tho construct ION
OF about forty boats. paying 2ie cents
for shapes and 290c for steel plates for
delivery during the first half OF next
year.
II is a significant fact that the largest
steel mills now urc taking f,w 'SpOrt
contracts; m fact. the United states
steel Products Company Is making mo-
quotations ON foreign business tempo
rtrily because of the heavy demand
from domestic consumers. n iS inter
ostinr to note in this conncction that
last year the United States steel Cor
poration's foreign sales were nearly -
p"r cent. of the total orders booked and
inc export shipments were about -
per cent. Of the total distribution mad.
by the corporation subsidiaries. At the
moment the export business Of the cor
poration IS negligible quantity.
The United States steel Corporation
has appropriated $500 900 for tho con-
struCfiOn Of the l2-inch bar mill 20 he
installed az the Dugu.suc plant Of the
Carnegie steel Comnany Tho corpor-
alton viii also build probably $50 by
product coke ovens az Charlton. Pa. in
stead of go. aS was originally intended.
lmInr .ov.im',s.ints .wnakins at ,he Farrell
naccs and soaking pits.
The United States steel Corporation
has listed l2s blast furnaces at aus Nari-
Gus subsidiary plants. OF which seven
are understood 20 b. obsolete leaving
100 available FOR active operation. of
furnace TO Ice introduced TO tho torch
as previously noted was that at Stsu-
h'ulille. OHIO. which went in about two
weeks ago.
The, standard steel Car Company has
tons Of steel plates and shapes 20 cover
tho construction OF cars Tor tho New
York central Railroad on Tho basis Of
for. plates. The indication is that tas
railroad has ordered 1000 additional
freight cars. Tho Atlantic Coast Lin,
recently ordered 1000 cars from tho
Mount Vernon cor Company.
The Pennsylvania Railroad Cafrr,uv
has again come into Tho market for
"a 600 Co 10000 cars. according Goo rrgd,
reports circulated yesterday. u VIII h.
recalled that not many months ago
the Pennsylvania Railroad Gumrau,.
after putting out Inquiries for 10000
cars. withdrew the Inquiries b.HHuer
ct 10" hieh prices asked Tor cDustru.-
ton. when plates and shape were ~.ll-
INK on IN" basis Of 100 cents has. Toe
day steel prices are 60 per cent. UIEh,r.
~~-~~~~~~~~>~~~>~~~-~~~~
hours and that aIl time after eight hours
snail Doc paid for at one and half time
The new higher hourly rate.
IN" roads on whIsh tine -wff.IuIs.. 81
union has contracts and which are asked
fn revise fusIr wage schedule are. Tho
Vow York l.nfrAI MI.nLann l.uLrII