The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-02
ROADS ORDER 100000
TONS MORE OF RAILS
Tremendous Demand for Iron
and Steel Products Is
Undated.

- " Va wi III lIOu AnO
steel is enormously heavy. Never be-
fore. even In times Of greatest stress and
activity. has there been such long sus-
tanned buying In such phenomenally large
tonnages az In the last Ave months,
Never before In trade history has steel
mill capacity been so fully sold for such
extended deliveries a. to-day. The Same
Is rue OF pig Iron. although to a less
extent. Heavy contracts for both iron
and steel have Just been closed for de-
livery over the eecond quarter Of 1917.
The rail mills have closed contracts
for 100000 tons OF standard and light
section rails. The Southern Railway
COMPANY has ordered 10000 tons from
the Tennessee Coal. Iron and Railroad
Company and 1000 tons from AN inde-
pendent mill. The Baltimore ard Ohio
has ordered 1000. the Wheeling and
Lake Erie $500 and the Cincinnati. Ham.
iIton and Dayton 1900 tons additional.
The Carnegie and Illinois Steel Com
pany reports miscellaneous ride for
standard sections a~ggregating 1900
tons, While tho Lorain Steel Company
has taken orders and specifications for
about 1000 tons Of light sections for in
dustrial roads in h central West. The
principal point Of interest. however, lies
In the purchase Of 10000 tons Of stand
ard sections By three railroad systems In
the West for delivery in 1917. At an
average OF $40 a ton these orders will
bring sS.63o.O00 to the rail manufsc.
turcrs. other contracts aggregatinG be-
tween 30 600 and 10000 tong are pend
ing Tor delivery In this country.
The Bessemer and Lake Eric Railroad
company has divided contracts for
$500 freight cars. 1000 hopper and 500
among four different shops: $50
VIII be built by the Pressed Steel Car
Company. $50 by TIE Standard Steel
Car Company. 500 by the Ra,s,on Steel
Car Company INC 500 by the American
Car and Foundry Company. a total Of
$500 cars. calling for about 800 tons
OF steel bars. plates and shapes. This
steel Of course Will be furnished By the
United States Steel Corporation The
Chicago and Northwestern Railroad
Company IL undcrstood 70 have dis.
tribu'ed orders for 1900 freieht cars.
including 1000 automobile and 500
stock cars. calling for 5000 tons Of
steel and IL negotiating for $500 addl-
tionai cars. Tn estimated contrac, price
for these 1000 cars IL $4,000. 900. The
Illinois steel Company. I. Is understood,
Will furnish the steel for the Chicago
and Northwestern cars.
The sh.pbuIlders have Just closed con.
tracts for 10000 tons of steel baYs.
plates and shapes at 2iac. n pound for
plates. 2.3oc. for shapes and 2.3oc. for
bars for delivery over the second quarter
OF 1917, The steel ~ to he used In the
constitution of twenty ocean gong
boats. mainly on foreign accounts. The
United States Steel Corporation So
cured the contract for the steel, and
gip,tt.e nrJa,s or ,,,A.. ~.~xI. "a
long extended deliveries IL AN indication
OF tho stress under which the marine
yards are working.
In this connection IL is Interesting to
note that the United States Steel Cor
poration recently purchased the Aoeden
Meet OF six boats on tho lakes from
Cleveland interests and has under con-
tract six lake boats for delivery IN 1915
and three for delivery during the spring
Of 1917. The latest order was for three
boats placed by the Pittsburg ear
ship Company and previously noted. The
latter boats arc to DO 10000 tons burden.
The strenuous efforts being made 20
increase output OF steel In indicated BY
the purchase OF 100. 900 tons OF heavy
steel melting scrap by the United States
steel Corporation, including so, 1000 tons
secured at P~ittsburg and 10000 tons at
Chicago. Other large steel interests are
also actively In the market for steel
scrap. One Eastern steel company, on
the other hand. a Just sold 1000 tons
of crop ends for export. In this CON-
nectiou 1t'ont!on Is again called to tho
fact tbs ue cni GRAFTON In making I'M
usual efforts t. increase output Of pig
iron. II IL unlikely hat any purchases
Of PIC metal Will be made In the open
market. but II Is notable that the cor
poration Is now husbandins It's supply
Of basic iron at Birmingham. as the
metal may be required Tor shipment 10
Ptttsburg or Chicago 10 exc out the in
adequate supply at those points. al
though blast furnaces are being pushed
to tho limit OF safety.
The American Sheet and Tn Plate
Company has advanced prices Of black
and galvanized sheets from So to s. q
ton. following heavy transactions and \
active demand from domestic
manufacturers. There IL also a fair
inquiry for export. but the largest In
terests are making q few sales now for
foreign shipment.
The American Bridge COMPANY has
the contract for 1900 tons OF steel for
the Bessemer and LAX Erie Railroad
bridge over the Allegheny River. The
La Belle Iron Works will build a bridge !
at Steubenville. Ohio. requiring 5000
o % structural steel. TIE Ritter 4
Conley Manufacturing Company has Sc
cured the contract for 1900 tons of fab
ricatcd structural steel shapes TO be
used IN tho construction Of plant extern
sion OF the Baltimore Steel and Tin Plate
previously noted. Bids have
been submitted on 5000 to $500 tons of
steel required In the building OF the |
Eaton store at Winnipeg. II Is expected ,,
the fabrication will be hone In
Canada. hut the plain steel probably will
rome from the United States.
Tho Pennsylvania Shipbuilding Com
pany has been incorporated with q capt. |
tai Of $500, 900, The yards on the Della
ware River will be active IN iii months.
Contracts for six ship~ At 5000 q each
been secured 10 be delivered In two
years. About $4,000 tons of steel will be
Extra Guaranty Trust dividend.
The directors OF the Guaranty Trust
Company have declared = divilAnd OF
4 per cent. and an extrn diyidApd ~ |