The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-03-09
Steel hgOt Output at Record Rate; Daily
Average Indicates Record Output in March

NEW YORK. March S-Stecl struc-
tural work u assuming gigantic proper
uons. This Is especially notable now
when there ~ little tonnage up Tor sub
way aud elevated railroad construction.
49, bullding worS. as well as railroad
bricEc work, - evidence Of general pros
perity and indicates disposition to
utillze LARGE profits recently made an
business circles. There were reports
yesterday OF contracts placed for steel
buildings in the metropolitan district
al'nt aggrcgaung y 600 tons and there
were new inquiries out for about $4,000
tors addition. IL Is understood that
similar contracts are being developed m
the interior IL Is estimated that between
100000 and 100000 tons Of structural
work Is now alive outside OF the pros
pectvc contracts for railroad bridge.
terminals and piers. which. as noted yes
tcrday. will require between 900. 900 and
$4,000 tons Of structural shapes.
Unusual secrecy is being maintained
respecting some Of the large present
and prospective building contracts in
N'W YORK city. but this will b. only "a
temporary feature. one independent
tabricator has taken contract Tor {. 900
tons Tor the Manhattan Rcfrigeratln-
company plant and another fabricatur
mas closed contracts for about 1000 tons
or steel fog two loft buildings. beach re-
curing 1000 tons Of shapes Tho
Willy s-pvcrland Motor Company D.
closing FOR 1000 tons Of steel for column
cores. The remainder OF the buIIdIn-
The Pennsylvania Railroad will build
a hotel at Thirty-fourth street and Sew
tnth avenue. which. it Is estimated. will
require about 10000 tons OF structural
steel II has been decided that this
project Will go ahead on u percrntag.
basis. but the builder as yet has not
been selected. Another large hotel
building I'm New York city will require
1900 tons. An industrial plant in
the metropolitan district will need 5.oo0
town district viii require 1000 tons.
while sim another loft building in the
lark avenue section. will call for 1000
tons OF structural shapes.
Muli,cn Bros. Inc. has been awarded
contract for zoo tons OF fabricated
steel FOR the sub-structure or the Back,r
apartment building TO be constructed iu
tho New York Central area. Tn. same
iabricators have secured an order for
200 tons Of structural shapes from the
stacks. \ foundry building for the
staten Island ship Yards will require
-uV tons OF steel. which will also b.
furnished by Milhk.n Bros. inc.
The demand for wire products from
domestic consumers was never So great
as % Is to-day. As refrectiuE this fact
u - notable that the American steel
and Wire Company sent orders To the
mills in February Tor more than 100000
tons. which Is a new hiEh record for
=
were also heavy, but bscHus. OF the
fewer number Of days last month th,
mills failed To make a. new high record.
The export demand for wire continues
heavy, but very Few urderS are being
placed. one uf the smaller wire draw
yrS. who has recently supplied the export
trade exclusively. i- expected To- return
% the domestic trade when wire nails
have touched $3.50 g. O. u mill but an-
other advance iu the near future is prob
able. Ear steel since the low point
wire products only 60 per cent Steel
har prices establish the criterion for
wire quotations under ordinary condi-
lions
The steel mills because Of the record
breaking output continue actively and
urgently lu the market for ferromau-
Etu~se and other steel making alloys.
Several small sales Of English ferru-
Uangaucse are reported TO have been
mace 90 Nis' per ton ~ ship Baltimore
for shipment over the last half ct this
year and 10 would Doe possible to quickly
dispose az 10000 Co 5000 tons Df this
basis lf the alloy WcT, available. There
is one report that some lots OF spot
isrromauCauc~e have been sold az as
high as $3.50, but this is not credited in
the trade.
The buy ing OF pig iron continues very
heavy In The interior Some large sales
&C basic iron amounting to about 10000
TONS hay" been made boz the ohio Valley
since March and several lots Of 10000
fu 1890" tons go the Chicago district.
10 Dr. also reported that maIIs1bI. fouu-
lrra ON tho lake. have negotiated ia the
iHrt Two or three days for heavy tom
rug,s OF mrIlethie b,sS.usr iron and
arc now closing GO chicago for shipment
over the r.gIgd hale uf th. year There
are ais" rlm"rs of additional heavy sal .
OF basic iu other sections of the interior
including Indiana and Illinois. probably
asEresat."s 5000" tons.