The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-18
GREAT FOREIGN BUYING
OF STEEL PRODUCTS
800. 600 Tons Ordered in Past
OOO. 600 Tons
Still Sought.

Foreign interests placed contracts last
week Tor approximately 5oO.oon tons
OF r,.led and forged s'ccl products with
American mills. equivalent to about :"
Ter cent - Wjll capacity for the same
reriod Deliveries. howeve'. VIII he Ions
c,terdca The si,liiicant point IL tina,
cyuor' business g. stiN bona received
IL sum ton. tonnage to largely compen-
srtc Cor the az. rcase in domestic orders.
Additional large contracts ar" Stll de-
vcl, Pms whl.h 1t S estimated. viii can
fpr nearly / loo. 600 ous ~ steel, nav o'
which viii be for direct export. The
other half vii probably he taken 10y do
mos,ic consumers IN ne execution OF
foreign contracts.
A. noted during the week RUSSIAN
Government, purchases excited the Grea'-
est interest. II Is estimated tnat IN"
United Sta'cs steel Corporation VIII iur-
u.sh practically - yer cent. o! IN" rai'S
and wire 20 he shipped in'o the cars
territory. In the last few days adnl-
,'onal inquiries rave come TITO the mar
ket OH Russian account, mainly Tor cay
wheels aud other railroad equipment,
wh' On arc hc.ng placed directly with
manufacturers.
.Ianau 90 has taken more low phos-
pnorus pig iron and Is about To 'Iose
contracts for car nNles and car wees
France, according to Western reports,
has closed anothcr contract TO- "'""'
cars witt Canadian builders, ana INC
latter are now actively in the tnirN"' 10
pig iron. plates aud \ aves to NJ uSed !!
this construction.
Italy has made a few additional iur'
chases Of special alloy steel and has als'
closed for a fcw additional steel ound'
and forging blIlets rs well ~ for nt
ron. Aside f.on the allied Govern
ments small orders are coming IRON
neutral countries for ccnrmrrciaI f"tm'
81 both steel and iron.
Great Britain has also taken som'
additional contracts for. sk"il' ana IN
Gurtrial forms ~ we'll rs placing u rev
war orders calling for a moderate Ton
mage Of steel.
American railroads now have inquiries
in the market for a little more thAn l3,
600 ears, including the 1000 which IN
/, New York Central system VIII require
The largest inquiry comes from I'M
PENNSYLVANIA Railroad, but the mesa
. pc.ke and ohio and the NirGinian Ran
way are each virtually IN the mhfke
? for 1900 freight cars. Tho meT.nhh
builders received orders last week 7"
2i5 miscellaneous cars ana ior ~" cen
ire s,lls, while railroad repair shop
y took orders for 800 cars, In 'lrdini
the RS which went to Canada, near'
5000 tons OF steel plates and shape
will be needed FOR car construction
Only a relatively small tonnage now
ever. will he purchased a. 'hl' thn'
as most of the car Shops are '">''e
0 on contracts placed some month a"p
II Is an interesting fact that fabr1
. eating shops in Philadelphia ana west
ward have had since the first OF Jan
/ uary the most profitable siA months !
. their history. Unfortunately. howcvei
. the shops east OF Philadelphia nav
1 shared only to u very moderate eNtci
in the general prosperity. Most Of III
! large extensions 20 industrial plant
, hav W. been in the interior and even som
Of the New England business of IN
character has gone to fabricating shol
In Pennsylvania. Most Of the shipment
~ structural steel now being made WEI
placed at $50 to 1850 base or even les
40 that the higher prices now cLrrei
have benefited neither the structure
mills nor the fabricating shops vel
extensively up to this time. In Il
Eastern terr!ery It u emphasized thu