The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
u. s. STEEL'S JANUARY
EARNINGS $%2O,OOO,OOO
Difficulty in Securing Ship
Room Hats Sale Of Rails
to Russia.

w nuNNIVs
The net earnings Of the tul'ed states
steel Corporation ~ January are est
mated at close to- $50. Uuu. uOu slightly
higher prices were obtained FOR most OF
the products delivered in January than
during the fourth quarter Of last year.
The shipments were approximately the
, same as in December. Tho new con
tracts booked in January are estimated
at 400 no tons.
The difficulty OF securing steamship
room or charters for boats Is being held
responsible for the delay ia closing con
tracts tor rails for Russia. some de-
,IsINr action H. expected during the com
ing week on 80, 600 to 10000 tons OF
standard sections. other small lots of
4, 900 To 5000 tons of medium aud light
section rails for export to France and
Russia are sthl under negotiation.
The pressure for steel FOR both doiues-
tie and foreign shipment continues with
out relief. Domestic manufacturers who
are confronted with large Inquiries for
export are reluctant to make quotations
until they have secured options fioin the
steel mills covering both prices and time
limit of prospective steel shipments.
W IfItN'I DIpNtNNipi II vi lpEpAAd-
tons continue actively ou products to be
exported to the European continent. 1t
f. understood that the large contract for
wire referred to last week WAS about
3i.Uoo tons of No. 4 plain wire for ship
meut to France. II Is surmiscd that this
wire will bc used for protection OF
trenches on the firing line.
Japan has made some large purchases
OF steel plates and shapes from Ameri-
can mills to be used in marine work. II
is estimated that recent contracts have
amounted to about 20 1000 tons for ship
building purposes. and further large in
quir.es are In the market. Japan Is also
buying tin plate and sheets from this
| coultry. The deinan from nina for
miscellaneous steel products is also IN
creasing in volume. Apparently the
higher prices have checked few pur-
ChaSea.
Domestic manufacturers Of steel bars.
plates and shapes, who have been atN-
lousy In the market TO cover require
nents for the last few months OF 1916.
have placed some liberal orders OF tho
basis Of 81, cents u pound T. q II. mill
for plates for shipment over the nrst
quarter OF 1917. Dealers also are ac-
lively in the market for lots OF from
5000 To 5000 tons each and are bid
ding . cents FOR bars and shapes and
2lU cents for plates for shipment within
| the neN, two months, but few mills can
rom other. tnnu consumers who are
urgently in need.
S~hlphuild.ng yards on the IaciAc
coast have placed additional contracts
for marine plates and shapes amounting
TO 5000 to 5000 tons, making total
sa'.s I : OUu TINS hN pu, interest car
builders nay" placed "dni'l"h"I 'on-
tracts Tor steel |" cover the n'nu,ac-
tnre "t cars. ~ln'iuhihs me 10. ot w.
WV t""h Tor me '.'"i. i'"" '""e'
49,. .r,
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! ,r,c, nr,. II. rcpur,.d f., be $3.50 do.
ry,red ~ r,t,.s,ill,, IA. The same
n~lruf,,tur.rs are sr!ll actively in the
! market for about 5000 tom additional
VI base iron.
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iltus have hr prepared t"r me
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Or.
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