The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-09-29

~ ~
HcRUnE sTEH saiPPED HUN
pREps OF MlLEs 10 coNs
SINNERS Atap THE
MANp saREAT
The Iron Trade Review ins mis-
EwAafs has the toIloWtngstoFsay
Fof Conditions
The wonderful prosperity q me-
lion ind 81 ministries g
Almost impressive manner by thest
EcreasIng Mmculty OF obtaining ades
qnate supplies q aemfslnlshed Mater
iaLto meet the uhprecedentedfrsantr
Ements Of the mills Keen ubseryers
Of tendencies IN thetrade5foresaw3 this
demand 1 o some extent as evidenced
~ the bnI1ding of the new Bessemer
plant at Youngstown, but the addition
Eof new capacity has Furnished small
relief and there are now numerous
new projects On foot TO increase the
supply of crude steel. During the
past week the Union Pacific railroad
has been unable to place an order in
1.-The chicago market for 1880 tons
OF biHets for It's mill at Laramie, Wyo..
which many otherltnqtiries have met
with similar fate and forging billets
have been shipped very long dis
E%tances. Consumers haye4not been I'M
willing to pay heavy freight In order
to keep their mills in operation: This
Etremendous demand for crude steel Is.
due to pressure for delivery on CON
tracts and also to the large number
of orders in prospect.
Heavy Car Orders.
"The buying by railroads continues
TO be d prominent feature and, several
hundred thousand tons of plates will.
Ibe required for the construction of
rolling stock Just ordered. including
lie. 400 cars for the Pennsylvania Rail-
road and 1000 cars for the New York
central system. The buying Of steel
rails has not been SO brisk, but the
New York Central system has allotted
$4,000 tons sold some weeks ago.
Many minors are current Of orders
for lake vessels to be placed.
"There-is considerable activity in
1.-The pig iron market in soma centers.
hut very heavy buying can hardly BIO
Expected for the present. Some very
high prices are being paid for prompt
delivery, but quotations for the first
Quarter and the first half of the year.
are about the same as they have been
flor several weeks. The disposition OF
furnaces, both north and south, to urge.
buyers to cover for the first half of
l19o7, instead Of for the first quarter,
only. is more noticeable. Reports to.
the Eastern Pig Iron Association show:
that furnaces in its territory have Or
ders to cover their produces for al. least
Ave months, and it is estimated that
co per cent. Of the iron which can be.
manufactured in the middle west for
delivery during the first half Of next.
year has been sold.
Advance of Wire Prices.
IAN advance of 81 per ton on all
wire products has naturally followed
1.-THE tremendous demand of the past
three months. The principal produc7
er has a greater tonnage on his books
than ever before, and Independents are
we'll supplied with orders. The largest
contract yet received for the rebuild
ling OF San Francisco developed this
weak in an order for 5000 tons of
structural material for the rebuilding
of the Palace Hotel, Railroads have
added a considerable tonnage to their
orders of bridge material. Among the
Important contracts let was the n
for the SALES.--FUTURE OF the Pennsyl'
yan4a terminal at New York.
Heavy Ore Shipments.
"The shipping Of iron ore has pro
dressed rapidly during the past ten
DAYS. and indications now are that the
total shipments for the year will be
about 36.500,O 900 tons. The ports at
the head of the lakes have made heavy
gains recently, compared with last
year.
some important deals in coke are
pending. The market is strong, and
car shortage is interfering with deliv'
cry OF their product. The sparrIRg be
tween buyers and sellers OF old mate.
rial continues. While in Plttsburg,
buyers seem to have the advantage,
the reverse is true in other centers.
-
ERoosEvLT's RETURN
H. rLNL- H.F.- - IT. tKR n =