OCR Text |
Show STEEL MILLS BOOKING VERY HEAVY BUSINESS NEW Yuiik. Jan. 21 The substantial character of the heavy business booked by the stcM mills tlie latter p.-m of ini year Is shown by the large speclflca-tions speclflca-tions on contracts received nfnee iii firxi. of January, permitting further Increase In-crease In mill operaUons by IndeBen louts as ireffl as bj the Steel eon'ora-t eon'ora-t ion Xlic Carnegie Steel company now ha nil of its open health furnaces In com mission, and by the oml of this month the steel corporation will have between 7 per .-ent and BO per cenl of capaetf) act fve. The volume of ilot business In fin-ished fin-ished steel products since Juno 20 nat-oralli nat-oralli hs been smaller In volume than during thi previous two months; even gOi the Steel corporalion'a new business has averaged not far from 4o,Q00 tons a day. Tbjj ralirosds seem ti1 iia.r Hiiimte.i a. procrastbinl 'nr policv in pl.n-inp additional ad-ditional sQulpmenl eontrarts and have heen cutting flown new orders for tails below tn 1911 purchases. The New York Central baa distributed orders for 110,000 lops standard sections among the Carnegie Steel. Illinois and Bethlehem Steel companies. The Erie is on the point of ordering 35,000. and the Delaware) Dela-ware) Lackawana & vVcslern 16,000 tons. The total structural orders ia?i ek called for 24,000 tons of fabricated steel, of which only B800 tons were for rail-rails. rail-rails. The rats growth of the nii freight car surplus carries some disquieting implications. |