Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-09-28

| bars-both Bessemer and open hearth
| tires and special shapes have been
| subjected to a general advance OF y
| on the ton. Bar steel has been bring
ing SIS a ton, but the producers be-
gan to figure the cost OF producing
bars, based on the price Of blllets, ard
came to the conclusion that the prices
we're out Of proportion Bar iron at
the same time went up to $50 a ton
from S29, so that bar stee. and bar iron
are now bringing the same price, one
figured however, on Pittsburg and ne
other on the valleys, making slight
difference in the freight rates to Cleye-
land This makes a small difference
in the price per ton II would cost buy
ers to obtain the material here The
advance brings the price Of tires up 10
s34 a ton. and that Of hoops to $50 d
ton. The advance Of special shapes,
which includes small ang.es and SINAI!
channels. brings the quotation OF these
articles up to 1886 There was an INK
ling that some Of the prices were 10 be
advanced the latter part Of last week
and some Of those who needed the ma
teriaI began rushing to get under COW
er before the rise came; with the re-
suit that the mills have booked orders
for 10. 0OO tons of material. When the
Wills Producing sheet steel
opened their doors and began to bid for
business. there was such a rush OF or
dGrs that all mills had to go cautious
ly for fear of taking more than they
could produce. The mills have ceused
an advance of So on the ion for sheeIs.
and are now offering 10 make deliver
les before January l, as they nave al
ready taken contracts which will keep
them excessively busy for the next
thirteen or fourteen weeks. T ose who
want the smaller orders of sheets. and
insist upon a number OF gauges being
included in each order, are being asked
to pay from 81 to 81 more for sheets
than buyers who want larger orders
and fewer gauges.
The tremendous increase in the buy
ing of what is known as aaished ma
Uerial caused a pondiug Increase
in the buying OF raw material, and .
Pig Iron Dealers
are in the midst OF rush. Among
the furnaces included in the Bessemer
Association, which are located in the
Mahoning and Shenango valleys, there
have been sales aggregating $4,000 tons
at Sl525, free on board the cars at the
furna e This was enough TO clean up
all of the material which was ayaiIab
for sale at once, and puts the furnaces
upon the footing that they have de-
sired to occupy for the last few weeks.
BY this purchase the effects OF the steel
strike were about wiped out.
At the same time it is reported that
5. o00 tons Of basic pig iron has been
sold during the last few days upon
which former prices were maintained.
The big orders. however. have fright
eued some of those who have need for
that material, and they have been sup
plying their eads with contracts. Their
great rush is caused by the report that
the attitude OF the United States Steel
Corporation towards the pig iron pro-
duction was about to cause an advance
in the price of this material. Whether
it is to come or not is a question yet
TO be decided.
Even the junk dealers are feeling
the effects OF the boom. The junk
trade is not governed by any aFsocia-
ton and consequently the fluctuations
are more frequent as the trade is di-
lactly affected by the law OF supply
and demand