Evening star., 1916-03-10
UNITED STATES STEEL'S
RECORD ON TONNAGE
Untitled Orders on Books February
20. S,56s, 1866 Tons. Largest in
Corporations History.
Local Securities Quiet, Few Bond
Sales Being About Only Busi-
ness Other Matters.
BY I. A. FLEMING.

That all the reports that have been
given out as to the urgency of the de-
mand for steel in all its forms and
the inability of the fabricators to keep
pace with the demand. have not been
weird tales rs demonstrated this morn
ing in the publication of the untitled
orders on the books of the United
States steel Corporation. February 20.
The unprecedented aggregate was
s56S.9 tons on increase of 6i6,l9e
tons since January 81, and comparing
with S.4s9.71S tons December 81. 1915.
the previous high record.
More war orders are being placed.
and the home demand is so urgent that
handsome premiums are offered for
speedy deliveries.
The Steel Corporation has recently
changed its methods of reporting ton
mage. Under former methods, it is
stated the untitled tonnage would be
nearly 10.00O,OO0 tons. Prices for prod
ucts are steadily advancing and show
no indications of having reached the
top.
Mills have booked orders for next
years delivery up to the first quarter
of 1917 and refuse to consider orders
for the second quarters delivery.
Local Securities.
There was very little business trans
acted today in the local security mar
ket Railway As were a trlfie firmer
at S0a4. Potomac first-mortgage SIS sold
for the first time in weeks at 1o4.
slightly lower than the last previous
sale.
Continental Trust sold to the extent
OF ten shares at lis.
lanston was offered at 20, with 60
bid, and lis was bid for Graphophone
common without sellers.
Public utility shares were entirely
neglected.
Offered Military Training.
Members of the American Bankers
Association and of the various chapters
of the American Institute of Banking,
as well as employees of the banks of the 4,
country. are invited to engage in mill
tary training at the Plattsburg mill
tary camps, to be held from July to
October ), practically continuous, al
though separated into five, encamp-
ments of about four weeks each.
1t is very likely that some Of the ath-
letic young bankers of Washington
may accept the invitations and spend
their vacations in fitting for prepared
ness.
Papers Out for the Call.
Washington bankers received their
papers and forms for the preparation
Of replies to the forthcoming call of
the controller of the currency this
morning. There are e,,changes,
some additional information which the
controller desires. but the formula of
The controller wants to know the
high, low and average rates of interest
allowed or paid by banks.
Also bankers are requested to keep
charged or received on every one of
their loans and discounts, so that
whenever they may be required to
furnish such information 1t may be
given readily and accurately"
Also. TO keep their books so that
they may be able TO render reports
promptly at any time concernin., the
amount and character of loans made to
bank. and in regard to purchased
tsper.
Answers TO schedules 10 and u may
pe omitted at this time.
The controller orders that directors
who sign the report of condition must
also sign the publishers certificate, and
the notary public should attach his
signature and seal to the certificate
Millions Into Steel Plants.
Il is said that the United States Steel
Corporation will spend between s50.-
100 900 and $50, 900. 900 in charging
It's plants; that the Bethlehem Steel
Company is ready to spend $4,000, 900
and Midvale Steel s10.000.0o0 in en-
Isrgement of producing facilities. Many
iude pendent steel companies have also
planned 20 eXpend millions for new
construction.
Condition of the Treasury.
The condition Of the United States
Treasury yesterday was:
Net balance in general fund. sl1sO17,-
1le6
Total receipts. s2.1s4,4sS.
Total payments, s3.139. 2GG.