The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-01-17
United States Steers Earnings for the Last
: Quarter Of 1915 Were Largest Ever Recorded
AMAZING RECOVERY MADE PROM
LATE PERIOD or DEPREs-
SION.
Earnings for Quarter SAT 100000. MAX
ing Total for the Year
Sl26.ooo.

! NEW YORK. Jan 16.-Earnings OF
tne United States steel Corporation dur
ing the fourth quarter OF 1915, u IL
! low estimated, were approximately So
100000 net. The estimates vary from
are based on shipments of $500. 600 tons
az pront OF about Si3 per ton. This
for little more than S4s.O0O.O0O net
1 AFTER deducting interest charges on the
bonds. More conservatives estimates
ton. indicating gross earnings of sac
4 vvV.vvo and net earnings OF Sff.bOO.u0u.
IL IL significant. however. that ~ even
me inside estimate IL reached earnings
curing the last quarter were the heav-
!est IN any quarter in the history or
IA "a hlinks during a fourth quarter were
IN 1906. while the largest quarterly
ssssIninEs in any year were secured in
earnings were 43SOf2S5.
! II the fourth quarter OF 1915 earnings
lot the United states steel Corporatipr
are accepted a. s47. 0OO 900 the not earn
ings during the second half OF the year
were approximately sS5. 100000. indicat-
ing that tho aggregate net earnings
FOR the year were Sl26 1909. 900
| me placing OF contracts for war rnu-
explosive shells and ammunition. are
sun shrcuded IN mystery. which has
been the case more or less since the first
contracts were closed on Saturday tho
report was current that a contract fof
shells. including all sizes from small to
large. calling fc~ an expenditure OF
with no "suvdcr Interests nm. ...;,.,
Ger interests thus far, have escaped
Will be manufactured To French and
| Russian specifications. a portion of the
contract contra, Tor ordnance FOR the. Russian
made several weeks ago. IL understood
70 have been placed with manufacturers
IN this country In the last week
Prosperity is leading tho railroads to
place larger contracts FOR cuuIument.
Less is hoard ~
high To permit or contracts being placed
at this time. Necessity T. compelling
land earnings are ample 90 permit eN-
prices may be dcplored thew are Iegitf-
mate; resulting from the abnormal de-
mand. The steel companies have done
lall they possibly could to increase out
nut TO take care OF the demand upon
them and plant capacity is being in.
creased rapidly. IL H. a signincanf ract
that the railroads placed more orders
IN the previous three weeks while the
weeks have been larger than at any
time since early November.
J Tho railroad equipment contracts
closed last week called for nearly 1907
, 600 tons Of rolled steel products. Of
which more than half the tonnage was
iuo 10 orders booked by the merchant
car builders. In the last Few weeks
car contracts placed have called for
approximately 10000 tons OF steel bars
plates and shapes. Last week the car
builders placed orders for 100. 600 tons
with the steel mills and are still nero-
ti a6d for $4,000 tons. including the
the cars placed last week.
Since January the rail mills have
taken contracts for only about $4,000 10
10000 OF standard section rails. but
including the last two weeks OF Decem-
Der the average weekly buying In the
last month has been close 20 10000 tons.
I Last week supplementary orders were
placed by the Northern Pacific. Glover
; Lear. Baltimore n ohio and Cleveland
a "a D. doh I'D To-.
ders and several lots of light tsctions.
resulted In contracts or about O.Nou
tons Moderatee rail tonnage are under
uegotiations for domestic shipment and
about $4,000 tons for export. inc latter
include 10 000 tons Tor Italy and 5000
tons for France. Ia the last four weeks
raj roders have aggregated about 49,
600 tons.
Tho most significant feature Of the re-
. cent railroad bus ing of equipment b. The
. placing 90 orders Tor bridge work Last
week "a brICHftd steel contracts for rail-
, road bridges called for f.5np tons. In
the last four weeks raiiro1l bridge con-
tracts called Tor more than $4,000 tons
or shapes. III, largest Individual con-
rae b.s'"h i"3, WtyH were, l.urlnE-
ton. ZOO tons, the clover Lear. 2.ltu
? tons. and the Erie. 1900 tons. The
largest bridge contract now pending IL
] for the Lake shore. which viii require
f several thousand tons. There are nu-
merous small orders pending in the eats
P and there Is reason o. expect some larger
70 contracts viii De closed btibre the eud ~
T. the month.
- Last week the car builders reported
r orders for almost 5000 cars. including
- 5000 tons for tho Ecsssmsr and Lake
- Erie. 500 tons Off ihc Lehigh Valley
- ana ] 1000 for the Denver and RIO Graude
The contract Off 1000 cars placed by
10 the Chesapeake and ohio with the
10 Pressed Steel Cnr Company. recently re-
70 ported. was Included Boo tue 1915 con-
= tracts The principal prospective car
{. . contracts are about 1000 each FOR the
u southern and Union Pacific railroads
v previously noted
=" The locomotive builders rerortcd or.
i.r- fur tt engine. last week. lnciudlug
81 f1r the Indiana lrrulr Belt Line
n % Tor tHr Lshigu valley IS for the
o canadian Glserrwsnf % Tor the Della
D ware. IHUsINarua and Western and
i. Tor fN. Sew York central Contracts
fur go mor. locomotives are pending
" .|"|.N.rI iN Tor export for China pre-
fi'il.. noted Iu .Hs last four week.
.Is lu.Yuuf.. H...I.ra have taken ur
To- I..a fHI INf locomotive. showing thai
Is fUr orders iIst week were El Iu erras.
Hf f.r .rl'rr placed during the pre-
N'n' 'hr"" w'ekF
Railroad equipment buying during fh,
ID. |'r.. 1880 week.. NJ IHuH. ru and tho 14a
n 100 Wc"kH uf December Hfa called f1i
r rrrrusIuIfrir 100000 toms .r steel prod
I.f". of which about 5000 TONS fav,
D. n.r.... ns'n placed with the mills Iu
u rIIleI ln th. recent buying were tDHl
- or 5000 tone far fle plates and ofhei