The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-19
new STEEL ORDERS
RUSH UPON MILLS
Recent Contracts Placed May
Mean Expenditure Of
500. OOO. 900.

Strive as they may tho steel companies
are utterly unabl. TO avoid the avalanche
Of business prcc!pitated upo them. inc
March | the Steel Corporation subEd-
aries are understood 10 have taken or
ders a: "A greater rate than In February.
indicating that sales rave aggregated
approximately 1000. 900 tons. II irde-
pendent companies have shared Equally
iu the new business offered contract plans
during the first fifteen days OF Marcn
have been approximately 100000 tons.
which a. an average rate Of $50 a ton
means gross sales amounting {" $780,
100000. Since January l the Steel Cor
poration subsidiaries business has
amounted 10 1900. 900 tons Of rolled steel
products. indicating total orders taken
by all interests amounting to 5000, 600
tons.
The Meavy purchases OF steel melting
scrap by the United States Steel COR
porat!on and buying OF steel making PFC
i-on by large independent steel COM
pantes from outside interests are re-
! fec,ed in the recor breaking produr-
ton OF steel since March l., II the
Steel Corporation subsidiaries, however.
onlv maintain the rate OF output In Feb
, ruary they will have produced during
! the current month I.750,00o tons OF s'e"'
inSo,s. exceeding nil previous production
achievements by about 10000 to 5000
tons. The indication n tina, the March
steel production will he even greater, and
that the output OF rolled steel. products
will lie almost I,40o, 900 ons which will
be- about, 100. 900 tons in excess ~ ~
previous month IN the history Of IN" cor
poration.
, The sales Of all kinds Of products man
ufac,ured by the United states steel
CORPORATION In 1915 aggregated 1882
O6i tons. Of which ls.l94,611 tons were
/ iron and steel products. the balance
being iron ore. coal. coke and hy-rrod-
ucts These figures are taken from the
lnI, statement Of the corporation. is
sued = few days ago. Untitled orders
during 1915 increased 3,9S".h'1 tons,
: watch represents orders In excess OF
/ featured by the corporation, Is excluded
from all the preceding totals,
II IS an interesting fact that the Stee,
CORPORATION exported 69.l per cent. of
all the iron and steel products shipped
from the United States to foreign Coun-
,rics last year. According to Government
returns, the total 1915 exports ~ iron
and steel products. reported by tonnage
amounted I'd 3.513.A53 tons. OF this total
the Steel Cooperation shipped. according
TO It's annual statement, SEE 3S tons,
leaving l.Os3,714 tons exported by IN
dependent companies,
Tie railroad companies las. " rh
placed orders for equipment To manu-
f,v,ure which will require abuu, $50 0Ou
tons Of rolled steel products, The ON
trac; prices for the rails. cars. loco
mptivrs and bridge work purchased
amounted to $1,000. 600 approximately.
The order included 10000 tons Of rails,
3,a00 cars, 80 locomotives and 1000
tons of bridge work,
II Is notable that revival In export IN
o~ulr.cs. largely for war munitions. indi-
Gates more urgent foreign needs and
there is loss rhaEgl'rg about prices. as II
must he evident that domestic consumers
are obliged TO pay almost as much a.
arc foreign interests. with the single c>
ception Of rails purchased by United
states transportation companies. In the
! last week the contraots closed Tor high