The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-27
US. STEEL EARNINGS
GREAT AS 1915 ENDS
December Net $17,677,966-
May BE 10000, 900 in First
Quarter Of 1915.

onIlPu sldItS slttI vi Wv III "
cember earned sl4.i4 a ton on shipments
Of 1850. 900 tons of rolled steel products.
This Is indicated by the report OF net
earnings last month amounting to SlI.-
677.96G. During the fourth quarter OF
1915 the net earnings were at the rate
of sl3.i3 a ton. based upon shipments
Of 1900. 900 tons and earnings of SSH
232. 7Ss. as reported by the United states
steel Corporation or Tuesday.
The indication, according to those best
informed. IL that the net earnings OF the
Steel Corporations subsidiaries during
the first uuarter Of the current year Will
be approximately $50, 00o. 900. This Is
based upon the expectation Of shipments
aggregating 4.oo0. 900 tons. at a net
profit OF SIS n ton. The prices current for
rolled products to-day are the highest In
fifteen years, and the tendency Is still
upward. Specifications now In hand Will
enable the mills to work at full capac-
ity, II the mechanical ability or the
various plants permits them to continue
working at full speed.
II Is estimated that the fahricating
shops realized an average OF $50 q ton
on fabricated steel In 1915. This does
not include prices for erection OF build
inrs or bridges. There was a wide
variation in prices secured. as early IN
the year there was a large Idle shop ca
ppcity. while during the last few months
If 1915 there were few large shops with
surplus capacity. In Colorado the Z. o. b.
prices on fabricated structural steel
averaged as high az $50 a ton. but n
large part Of the premium, as compared
with the Eastern section. was due 20 the
higher freight charges BY railroads. On
The basis Of sales Of 1900. 200 tons Of
fabricated steel last year the shops re-
ceived about 500. 1000. 900. Some est
mates are as high as 500. 900. 900. Forty
per cent. o., tho total contracts was
placed in the New York metropolitan
district.
The Interstate Iron and Steel Com
pany Is constructing d new fabricattng
shop at Marion, Ohio. requiring l,5O0
tons Of structural steel. II Is under
stood tina, the erection OF the steel work
has already begun.
NORTHAMPTON. Mass. has an inquiry
in the market for 5s5 tons OF s. $. 10
and II inch cas-, iron pipe and James
town. y. Y. is preparing spec'fcatlone
for 10000 tons Of - inch pipe. Word
comes from BUnalo that a vote Will he
taken on March - on the purchase BY
the city OF Utica OF :.:95 tons of g. :
and 10 inch pipe.
The tinted states Cast Iron Pine and
Foundry Company submitted a bid OF
si''s''' :" ~ -, .as, tro,
'he '"'n.sn'ns % ~ WOOD & 20
pr o' 49,. hi,s ho,r, 80 close.
M'o 49, hit,y ,b,, ,ha award
.u''e ~. t.n,aI S,,,.s Gas, Iron
n'. .ia,o,afr, u,o, details
Pe ar
u" '"e
.to ,.b o ouh,ryo on freirh,
I,r,,,d Ice, month II q re-
- & Sa,iyariss ~ rean.d conner
" :, ',r.rr,.rs v,ro in excess
~ 1900 ooo non,ds AZ tho cxports
IL, n..snhar wore in excess OF a5.-
,,a ,o,.i ,Jo,,vo,ies Cor domestic and
n,,fr, ',-,sumr,,or las, month were in
- 'oo 400 400 mounds. The pre-.
,.,,s ,,,Xruu d.lf,cri.s we're In .tpri,
49, ,,., ,hsy amounted to lstn53,56t
undo 20 ,Nen hy tho Conner FRO.
du"ars ,ssori,tion
.s
I'll, Now York chicago and 81. Louis
p.llro4a has given a contract for a
,,Iiirr 90, $40 tons OF structural st.e
70 mo KING Bridge Company. The
an .ha construction OF a coal trcstl,
a.. baltimore calling for eco tons 81
r,br,,,ed sbares
In q recon. address made ~ worces