The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-01-27
STEEL TRADE BRISK
UNDER THE SURFACE
Huge Contracts for war Material Are
Being Negotiated
Cautiously.

Temporarily there Is a lull upon the
surface OF the steel trade. Mills are
heavily sold and consequently are IN
tined TO discourage the placing of large
uew business at the moment On the
other hand consumers are less inclined
TO purhcase because OF the high prices
prevailing. Under the surface. however.
a large volume or business is waiting.
Huge contracts for war material are
being negotiated quietly ami cautiously.
IN the aggregate nearly a million tons
OF steel. IN one form or another, are
boards representing the allied govern
ments are waiting only a taN orauie op-
p~ortunity 10 distribute additional CON
tracts for shrapnel and high explosive
shells and other munitions Of war.
other export contracts involving a lib
- eral tonnage OF steel ia the aggregate
are In prospect. a few additional mis-
c~ellaneOus orders. including bars. plates,
shapes and skelp. as well H- rallrua-
material. have been placed through mer-
chant interests iu the last Few Gays
Contracts FOR wire products are uiiilcuit
to close. The largest interests IN tht
International market show an indisposl-
ton 70 accept contracts because OF Ihe
ovcrsold condition of many ot the mills
In the central west.
Domestic railroads are placing con-
tracts for equipment less literally al
though miscclluncuus orders Tor about
@NHNNV ANAAn "a EA|AA AANH" nav N
distributed in the last few days. Details
Will probably be reported before the emo
OF the week. The Erie railroad has or
dercd ten locomotives from tho Amer
can Locomotive CumIauy us well a. ten
from The Baldwin locomotive NVrhs.
PIhe BALDWIN shops have AIS" taken or
ders FOR eight locomotives, including one
for the American Sheet and Ilu Pate
Company. one for the Luralu steel Com
pany. Two Tor the sugar Lana company
and one for the inland steel 'uinlth!
The Inland has also given AN order Tor
two LOCOMOTIVES Co She Vulcan TO7
Works. The Baldwin works also Wi.i
build one locomotive for tEt Wiuitw
CTamp sons ship and Engine Eltdlus
Company and two tor the ~uursu anna
south Shor, Railroad. As Irrad! noted
bids on ten locomotive Tor the canton
Hankow Railroad wtl ue taken by r.
". Hunt until next Monday.
The Pittsbureu steel Company bias orr
dered forty ore cars from tn' standard
Steel Car Company. Th, wabash has
creer,a six postal cars aud tne ,ntcabo.
Indianapolis ana ,~trru uluy ears log
passenger service from tuv American
Car ana Foundry Company swift IS
Co. Chicago. l4 reported tu bee building
100 rrtriEvratur ears 1t lts Own shops.
TIL Nashville. tu8ttHuuu-t a. So Louis
Railroad Company is Iu tha market iu.
has ordered iifs dump cars from thr
Western Wheeled ~,.aI.r Company
The Nireir.. IRON. Coal and Coke
Company bias advanced prices nl i.L iron
% cents pr Rom for delivery over fn'
first quarter and lgel huIf ut thi- !'tr
and 51 cents peg tom for delivery ut.r
the s~coud quarter. makirE prices t"r
$50. 2N SIS CO.. tu' furnace l.t HI de-.
hNcri's iE lfl" excepting tte i"lr. Do
quarter. Tho bulk Hf tEe tonnage aNat.-
able fur ttt.fIf-, Ha.f HH- been SOLD.
= som. large CONTRACTS t.r cast lr"u pipe
are b'in- developed iH south America
and other export t.rrt.t. wht.h WEI
eventually come .. N..".l'au Snaps A.t