The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-06-20
Big FOREIGN BUYING
OF STEEL PRODUCTS
100000 Tons Ordered In Past week
100000 Tons Are stiu
Sought

NEW YORK. June Is.-Foreign inter
SO placed contracts last week for APP
proxlnateiy 100000 tons OF rolled and
. lo,ged steel products with American
Hiils, equivalent 10 about 50 per cent
Deiveries. however, viii be long eN-
tended. The significant point is that
export business is stlll being received ~
tufficient tonnage TO largely compensat.
for the decrease in domestic orders Ad-
dltional large contracts are stu devsi-
oping which. n Is estimated. will call
OF which will be for direct export. TN.
other half will probably be taken by DO.
nesuc consumers In the execution OF
foreign contracts.
American railroads now have Inquiries
IN the market for little more than IL. -
VVV cara including the 5000 which the
New York Central system will REQUIRE.
The largest inquiry comes from chit
fennsylvenia railroad but tho Chess-
peako ana Ohio and the Nirglnian Rail
for l.500 freight cars The merchant
builders received orders last week Tor
20 miscellaneous cars and for 500 CEN
.te slHs, while railroad repair shops
took orders for $500 cars Including
me orders which went TO Canada nearly
$1,000 tons OF steel plates and shapes
only relatively small tonnage, how
ever. Will be purchased at this time. as
most OF the car shops are covered on
contracts placed some months ago.
1t is an interesting fact that fabrI-
eating shops IN PHILADELPHIA and west
ward have had since the first OF Jan
nsry the most profitable SIX months In
tneir history. Unfovs--~ataly, however,.
the shops east Of Philadelphia have
shared only to very moderate extent
IN the general prosperity. Most OF the
large extensions TO Industrial plants
have been I'm the Interior and even some
OF the New England business OF this
character has gone to fabricating shops
In Pennsylvania. Most Of the shI pments
or structural steel now being made were
so that the higher prices now current
placed at l.5o TO 100 base or even less.
have benefited neither the structural
tnllls nor the faDricattng shops very
It,N,shsn 1ly up TO this time. In the
Eastern territory % IL emphasized that
most OF the larger profits secured by the
ihbricating shops ON new business have
gone 10 labor. either iu higher wages.
shorter hours oi decreased production.
due to inefficieucy OF workers The
advances ON this account are estimated
The higher prices obtained for fabri-
eating.
Extreme dullness in pig iron was
relieved late last week by the placing
OF contracts for nearly 10000 tons
In the Eastern territory. Including
motive Company. 5000 tons for the
american Brskeshoe company and
l.vVu tons Of southern iron FOR export
There are also "a number Of small lots
81 foundry grades dlspus 81 ~ Tor ship
mcnt over the second half Of this year
and the first half Of 1917. tu all about
10000 tons We're sold iu th, Eastern
territory. or which $1,000 tons of low
pho-phOdus iron was sold in Eastern
PcnnsylN ania- The General Electric
company H. also said TO nave closed
for 10000 tons ana IA, Gould Caupl,T
company ~ on the point of distribuffn..
orders Tor about 10000 tons Of basic
iron The export contracts agCreEated
about $4,000 tons. about - goo tons q.
which was be-Scmer Iron for shipment
TO italy sales IN the interior were rcla.
lively small probably not more than
10000 toss in all distributing districts
making the aggregate tonnage book, d
during the week about 100. 0OO tons