The sun., 1919-03-31
steamships were on the ship ways In
various degrees OF construction.


In explaining the smaller average Of
prices received for all products in 1918
the reports rays that this arose from
the fact that the prices received during
the frat half OF 1917, largely for de-
liveries on contracts entered prior 10
1917. were considerably below the prices
which prevailed after the entrance OF
the United States into the war. Tho
prices received IN 1918, generally speak
ing, were. after conferences with repre-
sentatives OF the iron and steel industry,
determined by the United states War
Industries Board and approved by the
President Of the, United states, although
considerable tonnage especially for the
railroads, was delivered on contracts
entered early In 1917. ard prior thereto.
In many instances at prices considerably
lower than the maximum established BY
the Government.
The tonnage Of the unified orders
OF the subsidiary companies at Decem-
Der 81. 1918. was 7,31s,i52 tons OF
rolled steel products, IN comparison with
a total Of e.3s1.71s tons at the close ct
1917. Because OF the action Of tho
United States Government concerning
tbs disposition and Use Of steel products
there was naturally relatively small
amount Of forward buying during 1913.
since the signing OF the armistica there
hne been a steady and good demand fc-
deliveries Of steel on then existing con-
tracts and orders: also the bookings OF
new BUSINESS have been quite UP TO
what could be expected under prevailing
condition."
Nearly Half billion I'm Wages.
The average number of employees in
the. service OF all companies during the
year was 26s,7t0 and the total salaries
and wages paid was s452.66S,52+. The
Increase In wages allowed during the
year Il shown In the 6gures.-for whereas
there was an Increase % only $50 In
tho average number OF employees over
the 1917 figures, tho 1918 salary and
wage list exceeded that of the preceding
year by sio5.29s.124. The average nal
airy or wage paid per employee per day,
including the general administrative and
selling force, the report shows, was
1913 in 1918. as against st.16 In the
previous year. IN Increase OF more than
81 per day for every man employed by
the corporation.
In this connection TIE report says:
During 1918 three general advances
were made In wage rates of employees
OF the Subsidiary manufacturing and
iron mining companies. On April 16 an
advance OF Is per cent. and on August
an increase OF Ig per cent was made in
common labor rates. the rates for other
classes OF employees being advanced
relatively. On October ! the plants OF
the subsidiary manufacturing companies
were placed on the basic eight hour day.
with time and oEe-haif paid for over
time. This was equivalent to an average
Increase In wage rates Of about 10 per
cent. since the employees generally con-
tinued to work the Same number Of
hours as previously"
The military necessities OF tire United
States and It's allies could not have been
adequately provided, the report declares.
except for the existence OF highly In
teg-ated units~with large capacity for
the production ard transportation Of
steel products and their perfection OF
organization. system, improvements and
! methods. together with the ineidenta!
working capital. which permitted I'M
mediate extensions. additions. diversified
lions whenever requested or evidently
desira ble."' From the start OF the world
war on August I, 1914, TO the end OF
1918. the corporation shipped TO the
United States Government. the Allies
and the Railroad Administration for war
purposes q total OF 1s.43s.460 tons Of
steel Of ell kinds.
In Many Lines OF War Work.
The corporation was also very promi-
nent in other lines of war work. II
took an important part In the uianufac-
ture OF gas masks. steel sheets for he'll
NETS. special railway mounts for guns,
mortar shells. gas shells. rnortars, &c.
More than 200 officials and employees
got leaves OF absence to take Up work
IN departments, commissions. Red Cross
and similar work. while s4.<o7 employ
ees entered the active military and naval
service. Seven ocean going steamers
owned by the corporation were turned
over 10 tho Government besides Ave Of
It's great lakes feet and one tug. The
| Shipping Board was permitted to utilize
| the corporations entire feet on the
great lakes in training naval reserves.
| The entire warehouse property of the
corporation in San Francisco was turned
over to the Navy Department.
TN May, 1918" the report says. 'the
| corporation entered into a contract with
the United States at the solicitation OF
the Secretary OF War to construct for
the Government a large plant for the
complete manufacture OF heavy twelve
Inch TO eighteen inch guns and OF pro-
jectilee for such guns The plant wa.
| designed 60 manufacture the guns and
projectiles complete from the furnishing
| OF pig iron and steel to the final finished
products. The contract provided that
| the corporation should take entire charge
OF the designing and construction OF the
plant, subject to- the approval Of gen
eral plans by the Secretary Of War, aus
that Il should be reimbursed for only tie
| exact cost OF OUTLAWS made directly fol
the work. which. In accordance with the
offer of the corporation. included nc
compensation for the services OF Il,
| ofiicials, experts or its general organi
cation in supervising the work. nor FOL
interest upon considerable sums ad
vanced for the payment OF labor. mate
rial and other construction expendi
| lures"
Millions I'm Patriotic Loans.
Prior to the entry OF the United State
into the war the corporation purchases
an aggregate OF SS4.6S3.06o OF. variou
loans issued by the Allies. and sine
April. 1917. has bought s15.117.4oo add
tional. Besides this the corporation ant
its subsidiary companies subscribed 70
l lhartv bonds NJ tha fn,i