The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-06-16
RAILROADS PLACING
EQUIPMENT ORDERS
Much Activity with the Fabrteating
shops, with Railroad Orders
Only Is Per Cent.

NEW YORK. June rs. Railroads
have placed structural steel orders.
mainly Tor bridge, since January . ag-
i,rcgating nearly Ice OOO tons. which
lIAced during the corresponding time
.tst year. but OF tho total orders taken
ny tn' ianricating shops In IN, last uNe
months the railroads are rcspons lille Tor
loss Than 10 per cent. In normal times
t"llro1d bridge work - at least % per
t,ht or tho total fabricated tonnage
placed several Eastern railroads ill.,
Guiding the Baltimore & Ohio. have
liIeed inir orders Tor machine tools and
=, l.T Shop equipment The Chicago q
N"rthW'Styrn. Grand Trunh. Michigan
,'ntrol and several other roads are also
distributing machinery orders. some OF
which have come East
ShtpA ards also ar" closing contracts
Tor machinery equipment. including the
sun ShiphuildinE Company and the
I'nnsN saHia Shiphuilding Company.
FOR rolled steel new orders are small
on domestic account hut some large fro
,lcn inquiries. following the recent or
n'r~ Tor biilctV and wire. are stiU in
tl. market.
Pix iron iS DUN generally. but a little
""r' interest h evident ON home ac-
count. with Abuut &c., 900 tons basic and
t"undry Erndr~ still pending BuyinE
"u foreign account b. stiil the most in
l'f"Ntiug feature. Chicago las sold
''Du tons Be-ssmcr 10 italy. making
total pure bases in the week East and
West. about 20 600 tons for shipment to
tn" Mediterranean
The Iron Axe SAYS. Little or no con-
Germ is vet shown over the stability OF
present high prices. Manufacturing con-
sumer~ with stocks at hand and mate
rial stlll coming In under contracts
much below present market prices have
been making concessions on their prod
uriS To secure "a turnover. following
some recent Indications OF au easier
situation lu mill sales With contracts
expiring this month tho Surfac. rippl,s
may have no wide effect particularly
as renewal 'f export inquiry OF large
proportions has developed. Foreign
buying Is much encouraged hy he sharp
reductions II ocean fr,i-ht rates. 81 20.
"' and oven 80 Per cent from recent tar
lbs. and Do iS OF great variety and from
an quarters Of the globe.
The IIttIng OF pressure OF domest &c.
buy continuous for $50 many months.
tends Co 'Naggcratc the comparative ull
90 new buying Mills are not urging
purchases. as present obligations involve.
TAR future operations. most OF them
hold that there D. 100 adVautIl. boz TAX
INK ON commitments OF uncertain value
Russia looms important boz foreign
demand. Already tho Indications are
that the steel 'nruuruf luu ia TO supply
10000 Co 2OU.nuu tons of "a tual OF
$4,000 tons of 6Tia pound rails. within
two or thr., weeks upward of 10000
cars viii probably b.. bought hcrc. arr
engagements for Russian loan having
been perfected.
Enough plates 'o build several ships
have been bought 8t Co. Pittsburgh for
shipment Geo Japan 900 3D.. fourth quarter
Uf this year ana the first OF next and
Yet Cleveland reports boiler makers us
1lluWir- cancellation Uf plates under
contracts 20 much less Than going prices.
contract Of over 100 ton. closed for
che fourth quarter at &C.,