The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-03-27
New High Record of Sales for the Past Week;
Total Reaches Enormous Tonnage Of 100000

NEW YORK. March 26-Business
I"llcd To 90 the steel companies last
wr"k IN enormous volume. bookings b.
~. illils zen only a little short of --
SV0.p'O tons-a new high record OF sales
!2r a weeA- The momentum gained b.
Tue industry continued to carry prices
upward against the will and against the
better Judgment or influential interests.
Shd iIfther advances ia the next few
ptrently are a. elective as straws be-
Tor" hurricane. The situation is
current month will firmly establish the
highest reaA In production and in ship
ments OF crude and finished ste>,
;Nen zen enents in the past three weeks
Tho railroads contributed about 6OO.-
900 tons 20 the orders secured. Rail CON
tracts were distributed with "A prodiral
hand. the total being slightly under 500
uvV tons. largely for shipment during
the first quarter and first half Of 1871
Railroad contracts expected momontarily
ran contracts during the current month
VIII fa4l little short Of 100000 tons.
RMS Us approximately the tonnage sold
hy the rail mills during the entire first
mar OF l9lf. since January / tho rail
mills have taken contracts within 100
600 tons ~ the total orders in 1914. and
NOV. imam 10000 tons greater than tho
total bookings ga 1913 Compared win
ever the sales this year are less Inn
presslvc.
Aside from rails. the equipment con-
tracts placed BY the railroad companies
LAST week call FOR a little more rnan
100000 tons OF steel Al least orders
were placed Tor this tonnage. Including
purchases by car shops 10 cover tho
c'nstruetion OF cars not yet specifically
category are probably between {. 600 and
500" cars Tor the New York Central
system Locomotive orders placed call
Tor about 10000 tons OF steel and au
equal tonnage Be- required Tor tine con-
>trucfinn OF bridges ordered. About TO-
600 toms Will Doe used for track acccs-
work
Assuming that %" Sew York Central
S"r contra. D. have been closed. the or
o"rs Tor railroad equipment secured last
week vii r,uuir" the expenditure OF be
tween 4eN.oU0.oOV and $4,000. 600. The
rail- contracts alone ar, valued AZ Sl4-
Nh".o'N. Car commitments will require
an expenditure of $500. uuu and IN.
100000. Those are most impressive
totals Tor "a SINCE week s. .transaetions.
According to reports from tho central
West. the United states steel CORPORA
tlcu has produced steel ingots since
March 4 a. AN average rate OF $4,000
tons per days which IL continued 70 tho
end ~ the month would mean total
output OF Is72.000 tons. indicating "a
steel products. This will doubtless per
NIT the shipment u 400. 600 tons OF
.iNlai ne. II'H4,trs record Nh'h was
hoped Tor but scarcely believed pus-.
at tho beginning of the year WITH
this showing the steel Corporation
untitled orders gr the end OF the month
are likely Co Doe Approximately 100000
tons.
An enormous volume o. business IS
stil peutiue The prospective railroad
equipment orders alou. VIII call for
nearly 1000. 600 tons or steel Foreign
business is also under negotiation which
viii require the consumption % sUH. 600
tu 100000 tons
since March / the railroads have or
tare1 $50 locomotives. making the total