The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-08
STEEL INGOT OUTPUT
AT new RECORD RATE
Daily Average Since March 1
Indicates Heaviest PrOduc-
ton in One Month,

Steel structural work IL assuming
, gigantic proportions. This Is especially
notable now when there is little ton
age up for subway and elevated rail-
road construction. Steel building work,
as well as railroad bridge work. Is evil
dence OF general prosperity and indi-
Gates "A disposition to utilize large
profits recently made in business cir
eles. There were reports yesterday Of
contracts placed for steel buildings In
the metropolitan district alone agsre-
eating 1000 tons and there were new
Inquiries ont for about 80, 900 tons ad-
ditional. II Is understood that similar
contracts are being developed in the in
terror. 1t Is estimated that between
100000 and 200, 900 tons of structural
work Is now alive outside OF the pro-
spectlvc contracts for railroad bridges.
terminals and piers. which. as noted
yesterday. Will require between 100000
u 100000 tons Of structural shapes.
Unusuai secrecy Is being maintained
respecting some of the large present
and prospective building contracts in
New York city. but this will be only n
temporary feature. one independent
fabrlcatof has taken q contract for 5000
tons for The Manhattan RefriEerating
Company plant and another fabricator
has closed contracts for about 1000 tons
of steel for two loft buildings. each re-
curing 1000 tons of shapes. The
Willys-Overland Motor Company Is
closing for 1000 tons of steel for column
cores. The remainder OF the building
will be OF concrete construction.
The Pennsylvania Railroad will build
a hotel at Thirty-fourth street and Sew
enth avenue which, II is estimated. will
require about 10000 toms of structural
steel. Ii has been decided that this
project will go ahead on a percentage
basis. but he builder AZ yet has not
been selected. Another large hotel
building in New York city will require
1000 tons. An industrial plant in
the metropolitan district will need 5000
tons. and ono loft building In the up
town district viii require 1000 tons.
Park avenue ~eection. will call for 1000
tons Of structural shapes.
Miiliken Bros. Inc. has been awarded
4 contract for 200 toni OF fabricated
steel for the eub-structure Of the Backer
apartment building TO be constructed In
the New York Central area The same
fabrica'ors have secured an order for
800 tons OF structural shapes from the
New York Steam Company for smoke
stacks. a foundry building for the
staten Island ship Yards will require
100 tons OF steel. which will also he
fuIGished by Mllliken Bros. Inc.
The demand Tor wire products from
domestic consumers was never so great
rs II is to-day. Ne rejecting this fact,
il IL notable that tine American Steel
and Wire Company gent orders to tie
mills In February for more thar $50. 900
tons. which is a new high record for
specifications. Output and shipments
were also heavy. bu; because OF the
fewer number OF days las, month the
mills failed to make a new hirh record.
The export demand for wire continues
heavy. but very few orders are being
placed. one OF the smaller wire draw
ers, who has recently supplied the export
trade exclusively, is expected 20 return
20 thu domestic trade when wire nails
have touched s2.5o per key The pres
"nt price IL $40 Z. -. b. mill. hut an
other advance IN the near future is prob
able. Ear steel since the low point
IN 1914 has advanced III per cent. and
Wire products only 90 per cent. Steel
bar prices establish the criterion for
wire quotations under ordinary condi-
tons.
The steel mills because Of the record
breaking output continue actively and
urgently in the market for ferroman-
Ranese and other steel making allows.
Several small sales Of English ferro-
nanGtnes" are reported to have been
made at $1.j per ton OK ship Baltimore
for shipment over the last half 81 this
year and II would be possible to quickly
dispose OF 10000 to 5000 tons on this
basis II tho alloy were available. There
- one report that some lots OF SPOT
-ferromangancse have been sold al as
high as $3.50. bu, this is not credited In
the trade.
The buying OF pig iron continues very
heavy In the interior. Some large sales
OF basic iron amounting to about 80. goo
tons have been made in the Ohio Valley
since March | and several lots Of 10. 600
to $1,000 tons in tn. Chicago district.
II L. also reported that malleable foun-
derS on the lakes have negotiated in the
last two or three days for heavy tom
ndges If malleable bcSscmer iron and
are now closing At Chicago for shipment
over the second half of the year. There
are also rumors Of additional heavy sales
OF basic In other sections of the interior.
including Indiana and Illinois, probably
a~ggregat.ng i0,od0 tons.
Since March ] the output OF steel in
eots ami steel making pig iron has cs-
tablished "A new daily average high rec
ord rate, indicating that the current
month Will witness the heaviest OUTPUT
in the history of the industry.
The American Locomotive Company
has recently taken foreign contracts for
thirty-three locomotives. including fifteen
consolidated type and three mallet for
the Central Railway of Brazil two con-
solidation locomotives for the Csrro de
Pasco, one mogul engine for the Queli-
name Railway, one four wheel engine
for the Alt Cedre Sugar COMPANY, eight
msllet locomotives for the STATE Rail-
ways Of Java and three switching en-
glnes for the Buffalo Creek Railway.
The contract price for these locomotives
Is estimated at a little under 81, 900. 900.
The Chicago Great Western Railroad
has placed a contract for 5000 tons
standard rails for maintenance with the
Illinois Steel Company,