The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-11
EXPORT STEEL ORDERS !
SHOW A Big INCREASE
Domestic Railroads Close More
Contracts-SOuthcrn Pig
Declines.

The most important development IN
the steel trade H. the last few days has
been the revival IN export business. In
addition 10 the previous sales Of billets.
forgings and round steel bars for ship
ment to France. Russia and Italy noted
on Tuesday. one or two other large con-
tracts are reported to rave been closed,
making the total bookings by the vari-
Gus steel plants close to 400. 900 tons
and business IL 10 pending on 10000
tons additional. In fact. bids we're sub
mltted yesterday on additional large
tonnage TO he manufactured to French
specifications and n contract, for $4,000
tons OF round steel bars Is on the point
Of being closed for another Of tn. allied
countries.
Mos, OF the sales Of round steel bars
Tor direct export are to be used IN the
manufacture ~ projeciiles for France.
Italy and Russia. The sales made IN tn"
last week have been at prices ranging
from IVA to 4isc. n pound. but there are
few mills now that viii consider any
thing under 3.1a and most Of the bust
ness IL being done at close to g.. u
pound. only IN exceptional instances.
however. has SIC. "A pound been real
lied. Another point OF significance IL
tina, most Of the shipments are To h,
made during the remainder of 1910. thus
taking up much ~ the capacity ~ the
plants built In the las; six months and
now under construction.
Domestic railroads have closed add.
'i"nal contracts FOR about 1000 tons ~
standard section rails with the Unite
states steel corporation mills ut the
higher Price. effective May |. for shin.
ment after May I. 1917. several indie.
pendcr, steel companies report, Inquiries
nom helated domestic buyers acerevat.
ing 10000 tons. some ~. this ,ordV
business is said 10 have been taken a,
the previous price uf s2> a gross ton.
The New York Contra, RAILROAD
company received bids Yesterday for tbs
construction of The D.paw place ,laduc,,
calling Tor n small tonnage II structural
steel. Tho New Haven III, on, a new
inquiry for bridge work. which will TO.
Gutr" 20" ons The Central Railroad ol
New Jersey has come INTO tie ,narkc,
For another bridge To lie constructed "A;
Jersey city. winch will require 10 tons
OF shapes.
Commissioners Of the District Of Co.
iumbia have received tenders ON I.tgs
IONS Of 20 inch cast ron pipe. but u,
award has yet been announced. Tn,
American Gas: Iron I'!,e Company h..
received n contract Of go tons Of 8. (,
m 10 inch cast iron pipe at s31.3u de
li,ered at Amt -. MIS-. Tn. city of Pea.
body. Mass. has taken tenders ON 20
tons 4. ) and l. inch piI-. aud IIgh.
land ark. Mich. has received bids oi
Loo tons of PIPE. Awards are ex.
ppttnI IN ha .p,npy.,.1 IL, ,h. ,.x, r.,
days. On Mag IL the town Of ben.
mark. Wis. will take bid on i.3 ton,
OF y ami ) inrh pipe. u Mount Ho, ell
Wis. will receive bids or he same da,
on l+2 tons OF I and d inch pipe.
The American Locomotive Compan,
viii build six engines for he Boston an,
Maine as well as eight locomotives 70,
thu Maine Central Railroad. previously
reported. The Baldwin works has ,a'lsr
an order for two locomotives from tn.
River Terminal halfway. Neso'iatipr,
continue on ABOUT 100 other locomotives
some Of which contracts are expected t,
be closed this week.
Spectators carrying pig iron war.
rants have been more ~anNiously in tNs
market TO realize on their investments
and In the last week have been Offering
No. . southern foundry iron warrant.
at NI 20 $3.50. Birmingham base
which means - a ton under forme,
prices. The demand from consumers
has fallen on.
Some OF the structural mills report
that the car builders have taken out
only a relatively small portion Of steel
plates and shapes against their low
price contracts. The indication IL that
the ear builders could take on additional
large car contracts either for domestic
or foreign shipment without calling upon
the steel companies for additional ac-
commodation. 1t is pointed out that
most OF the inquiries for rolling stock
from abroad are for tank cars NJ well AZ
for smaller size cars than are used In
this country. Much OF the work nov
be!ng executed at the car shops is on
tank cars.
One large manufacturer OF pig iron II
the Buffalo district IL still actively IN
the market for large contracts fol
foundry iron OH the basis Of $3.50 FOL
No. . foundry. delivery to be made ovei
the FIRST half OF next year. Since thu
first OF May. however. no large individ
ual tonnages have been bought. but sew,
eral additional contracts have beer
placed by manufacturers OF railroad
equipment. For this years delivery con
sumers are buying conservatively. bu'
little iron Is available under 1880 To-
No. . foundry at Buffalo. and In som
instances sales have been made as hlgl
as SEQ at the furnace. The American
Rolling Mill Company, Middletown. ohio
Is reported to have bought 10000 ton!
southern basic pig iron at SIS Blrmlng
nam, Ala.
The United States Steel Corporation
as we'll as some OF the independent stee
companies. is taking larger contract!
for commercial shapes OF steel in tn
international market. outside OF th'
heavy tonnages sold to foreign Govern
! ments TO be used in the manufacture %
war munitions. More sales Of tin plate,
have been made for shipment to tn
Orient. and sales of structural steel anC
rails for shipment to South America.
THE METAL MARKET.