The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-06-12
LARGE ORDERS FOR
STEEL INCREASING
Corporation Receives Request
From Ford Motor Co. for
Nearly 200, 900 Tons.
INGOT PRODUCTION DROPS
"Iron Age" Reports New Trade
and Manufacturing Rate
Have Changed Little.

1t was learned yesterday in author.
tative quarters that several other orders
for substantial amounts have followed
the announcement Of the 345,o00 ton or
der for steel recently placed with the
United States Steel Corporation by the
General Motors Corporation. Among
some Of the large orders which the
Steel Corporation has received is one
from the Ford Motor Company for be-
tween 10000 and 20o,0 tons of steel.
In relation to the decrease In the unified
orders Of the Steel Corporation, pub
lished on Tuesday. It was learned yes
terday that the reason for the decline
was the removal from the books OF con-
tracts cancelled by tho United States
Government.
The American Iron and Steel Instf-
tute's monthly statement Of production
Of ingots during May shows a decrease
OF more than 100000 tons compared with
April. The total May production was
1.s2s.024 tons, divided between $780,
oi5 tons OF open hearth, 414.ss2 tons Of
Bessemer and s.617 tons Of all other
classes. The April production totaIled
2.23e.7l1 tons.
Tho volume of new business and the
rate OF production In steel have Under
gone little change IN June" says the
weekly review Of the Iron AGE. .aThe
Improvement OF three weeks aeo has
been held without signs that usually at
tend regulation buying movement. The
amount Of new manufacturing capacity
projected In metal working lines in the
Middle West. particularly in the De-
- n fCtr lot.
struction work laid out by a number Of
steel companies are outstanding features.
The reduction Of 61s.375 tons In the
steel corporations unified orders was
rather more than was expected, but
steel corporation operations have been
at q generally higher rate than those of
Independent companies. Apparently the
export movement In May was even
smaller than had been supposed.
1T Is interesting to watch the spread
OF the belief that substantially the pres
ent level Of prices. with possible slight
concessions here and there, also possible
advances. is to be reckoned with for a
longer time than seemed likely three
months ago. Jobbers appear to be buy
ing with less fear Of having stocks de-
cline in value before they can be sold.
I'm the absence OF railroad buying
the possibility that the railroads will not
be able to handle the fall movement OF
grain L. urged on the belief that the
steel trade will be buster then.
Pig iron and old material present the
most tangible indications OF the change
that Is coming over the situation. Buff
falo reports pig iron orders for the week
approximating 1856 tons For $4,000
tons OF basic s25.75 per ton was paid.
Buffalo and Birmingham report that ad-
ditional stacks are soon to be blown in.
Concessions OF 81 to SO on Southern iron
TO meet Northern competition continue
to be made.
IAN inquiry for 90 900 tons OF basic
iron for Wales is considered more prom
Using than most OF the export business
lately considered. Concessions on iron
and ocean freights must be had to come
within the present spread OF s14 between
American and British pig iron. Inquiry
for Southern iron from Great Britain and
Scandinavia has developed offerings OF
vessel space at SIS.
THE Iron Ages cable reports buying
OF 10000 tons OF rails by Belgium at
500 francs, or about S77.50 per ton, but
II Is doubted that Belgian mills could
roll any OF this order for months. The
Algofna, Ontario mill Is credited with
an order for 5000 tons OF heavy rails
for Belgium. Export business with Eng
land is difficult to put through. though
prices which American mills are Offering
C l. T. British ports are low enough to
compete successfully with those which
British mills are presumed 10 quote for
home consumption"