The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-05-26
STEEL MILLS kept e..
BUSY ON EXPORTS
Lower SHIPPING Rates Help Foreign
BUYING Domestic rders
Fall on.

NV hOAsNs Nay -9.-sluce Nly I
orders Tor rolled steel products placed
by domestic consumers. b Is estimate.
nave decreased approximately 20 per
under contract in April. Export bust
ness. however. has been encouraging. and
pa great measure foreign buying has
c40svd with home buyers. The net do
crease IA new business. derived from all
sources. thus lar IN May has probably
On the other hand there has been some
increase IA output OF rolled steel this
month. which Indicates larger shipments
on contracts as compared with April. he
cause OF these changes IL is estimated
that the United states steel Corporation
Viii show "A gain of about 10000 tons
In unhiicd tonnage this month. against
Increases ranging from 100000 10 nearly
svv.vOv tons per month during the pre-
ceding three months.
Contracts for high explosive shells for
the allied governments that have been
under negotiation Tor two weeks are
SLOW IN closing one or two small or
ccrS. however. seem 10 have been placed.
a. the manufacturer have exercised op-
i4'hs ON inodratc tonnagcs OF round steel
bars. including one lot Of about 5000
tons. said to have been taken by a manu-
lacturcr Ina Newark. There Is also A
rumur that another contract tor more
imam 5000 tons has been closed for this
year. delivery. The large shell con
tracts are expected to be closed within
tho next day or two.
The Italian government is reported TO
have purchased 10000 tons OF thre.-inch
West. aud another contract Tor $1,000
tens OF large billets Is said TO have been
forg!ngs To the British government. pre-
Niously reported. ~ now placed at 200, 900
tons. instead OF 10000 tons sold by the
0 United states steel Corporation. IL is
unusually difficult to trace all the orders,
which fact gives rise to the belief that
Implications are cNaggeratiug the tom
. LkEE HENUINAA closed NNnN large French
interest is still negotiating for l50, 900
tons. and still another foreign buyer
blooms. forgings. billets and bars. The
Russian government Is reported to have
closed another contract for rifles with n
domestic interest
The tenth general meeting Of the
American Iron and steel institute will
De held on May % at the Maldorf-Asto-
ria. There Will be three sessions. the
hrst at 10 a m. the second at : y. m. in
ulhE session. Will begin at clock with
dinner. served III the grand ballroom.
Export orders for steel. and continued
heavy inquiries for war munitions offset
I tie effect Of the sharp reduction IN buy
ing by domestic consumers generally.
In the aggregate. business secured Is
still in excess OF mill capacity. The sale
Of shell furgiugs by the United States
meut. made last week and previously re-
ported. Is vHriOusly at from
10000 10 100000 tons. and as much
more - pending. italy. France and
Russia have made additional purchases
OF steel. Of rifles and OF other war NUM-
lions. but no more rails have been sold
10 France than were reported nearly six
weeks ago. when total rails sales were
! betwecn 10000 and 1909 . tons. The
last lot OF 10000 to 40. 100 tons was
taken by the Pennsylvanla Steel Com
pany. Russia Is Still IN the market for
T 100000 tons.
Domestic railroads have placed orders
FOR 10000 tons more rails and fOr,seV-
cuty locomotives while foreign inquiries
! cover 1000 locomotives. mainly for ltus-
sla. calling for 1000 o tons Of steel
The Republic Iron and Steel Company
has closed contracts for $1,000 tons OF
basic at SIS and for 10000 tons OF Bes-
isemer pig iron at $1,000 valley furnace
Tor shipment over the third quarter Of
the year. according TO reports from PITTS
burgh. Foundry iron Is quiet and easier
in all sections.