The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-01-28
U. S. STEEL EARNINGS
GREAT AS 1915 ENDS
December Net s17.s77. see-sray ne seo,-
100000 in FIRST Quarter
In 1916.

~ YORK. Jan. 27.-The subsidiary
companies OF the United States Steel
Corporation IN December earned Sit.14
a ton on shipments OF 1.250.0JO tons OF
rolled steel products. This is indicated
- tuc report u net earnings last month
amounting ~ 4lG654.3b6. During the
fourth quarter OF 1915 the net earnings
upon shipments oil 100000 tons and
earnings OF S5l.212.sbh. as reported hy
the United states steel Corporation on
tuesday.
The indication. according TO those best
informed. ls that tne not earnings of th,
Steel Corporations subsidiaries during
the first quarter OF the current year wlI
De approximately 100000, 900. This is
based upon the expectation OF Shlpmsnts
pruut OF SO "a ton. The prices current
Tor rolled products today are the highest
SIN upward. specifications now ia land
Wal enable the mills To- work AT fun ca
paclty, if the mechanical ability OF the
various plants permits them 10 Il
working at tuh speed
1t Is estimated that the fabricating
shops realized an average Of $50 "A ton
ON t~ahrlcattd steel In 1915. This does
uot Include prices for erection Of build
iuss or bridges. There was a wide
variation Ina prices secured. as early in
tho year there was a large idle shop ca
latlil. while during the last few months
OF 1913 there were few large shops with
surplus capacity. In Colorado tho r. o.. 10.
prices on fabricated structural steel
averaged as nigh AS SIS "A ton. but a
large part OF the premium. as compared
Win the Eastern section. was due 90 the
higher freight charges by railroads. ON
fabricated steel last year the shops re-
celN'd about Sso.ooO,yVg. some cst-
mates are rs high as slOO.OOU.OOO. Forty
Per cent OF the total contracts was
placed IN tho New York metropolitan
district.
The Interstate Iron and Steel Com
.pany f. constructing "a new fabricating
tons of structural steel. II f. under
stood that tho erection OF the steel work
has already begun.
Northampton. Mass. has an inquiry
IN the market for 56S tons or g. :, 10
town. ~. y. is preparing specincatI1ns
Tor 10000 tons or 30 inch pipe. word
comes rom hunalo that a vote Will DE
taken on March Is on the purchase by
and 10 inch pipe.
The United States Cast Iron Pipe and
FuIuarN Company submitted a. bad OF
1905 g. The city OF Baltimore FOR
was si69.l-O. The bids being 80 close
nay 80 to the United stlaitSes 'o Gast &T i16a
Pipe company. depending upou details
"a the specification.
in the face OF the embargo ON freight
FOR Nrw England last month DO I- roe
ported that deliveries or refined copper
Co domestic consumers w.r, in excess
Ht lNH.NHN.uuO pounds. AS the tNna-f1
ia December we're in excess of q5-
100000. pounds. the indications ave that
tho total deliveries fnr domestic audi
foreign consumption last month were iu
NiuuS maximum deliveries w.r. Ir AurI
If11. when they amounted 10 1G4 05H-Ft
pounds as given by the Copper produc-
% I.e %ew York Chicaso and 81 Louis
calling Tor $50 tons OF ftrurfur9T gt.af
. th" King Bridge company. The
on me construction ~ a coal f~restIa
baltimore calling for $50 tons of
fabricated shape.
In a recent address made at w7r-es-
t,r Mass. Henry Prcntss president
~ tHe irentise Tool and supply COM
any. Nsv York. pointed out me favor
Hhi. and uniay1rahIe factors Iu tho MAJ
chine tool industry. Among the ofsta-
Hc Included tho cancellation Df u-rI'.1
ri' dependent uron rho duration ~
Ont inflated prices. the %s-rftrr down 30
tn" wage scale and tho inability fo flIff
,THL-ments because ~
'ne f1yorah.e factors cited ne helping
'' remove obstacles IN tho machine fr..
tired. are the immense wealth. and -.
r.re Of The country. the imr-...t
.. -'ir business arising from fue m.-
'Wth or -rs.0urcee. tho urgent
r 'm"nfs ~ rho railroads tho r-rif.
o.. states Government plHu4 for r...-
if'trnr ana the demands from f.-.
'.-r 3-Yveruweute for mnrhIrre uvr
fN.' VIII be Unable 20 secure .f r,r..
l,N.t now Do The market Tor 5000
Tho Tr'ar HI1 steel C.m-rrv min
'NH"ri t2.12f0Nn. 90 DO derived fr.-
hr rrnreede ~ now capital .f.Ht .I.t
Issued. 90 make plant extension Dad
20 build n nF-rrnfurf coke oven
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