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Show BUSINESS 1 STEEL SHOWS FJLLli OFF Rail Contracts Fairly Good, but Car and Locomotive Orders Are Insignificant. NEW YORK, Juno 11. Although business busi-ness In steel during the week was Intermittent Inter-mittent and orders for steel bars were unsatisfactory, there was a fair volume of business in the aggregate, the finishing mills maintaining operations at the rate of fiO to G5 per cent of capacity. The most satisfactory development was the placing of rail contracts aggregating 100,000 tons. Including 49,800 tons for tho Missouri Pacific. Car and locomotive orders or-ders were .insignificant. Numerous small orders for buildings and bridges were placed, calling for 20,000 tons of fabricated steel, and some specifications on delayed contracts were released. There was a decided improvement ln the demand for sheets. Forging billets were lower and thero was some shading of wire product prlcos. There was no Improvement ln the pig Iron situation, sales ln all sections aggregating aggre-gating less than 50,000 tons. The output is steadily decreasing and production today to-day is at a rate less than 22,000,000 tons annually. Although new orders booked by the subsidiary sub-sidiary companies of tho Steel corporation in May were larger than those secured ln April, there was a decrease of 105,fil7 tons ln unfilled tonnago because tho specifications spec-ifications on contracts were larger and liberal shipments caused a decrease in stocks. Tho production of steel ingots by the corporation ln May was a little over 1,000.000 tons and tho total output during the first flvo months of "tho year aggregated aggre-gated 5,000,000 tons, which is at the rate of 12.000.000 tons a year, whilo the maximum maxi-mum production was 14,000,000 tons in 191. |