The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-01
Iron tND STEEL.
Increasing Demand Tor Foundry Iron
Active Markets. for Steel Products.

Eastern and v estern ma rkets for foundry
iron report increasing demands from melters
for a. prompt deliveries as can be Arran Red.
| The numerous desires for spot metal give
proof OF the rapid diminLshmrnt OF metal
\ In the hands Of consumers during the long
holding OF period when there was little buy
ing and with production at foundriee going
on at full capacity, Prices on oil grades
bf pig iron are firm. Southern furnaces
re holding strongly 10 the hnsis OF Sl4 for
No. 2 foundry at Birmingham, For se veral
#horts OF Southern iron the demand In con-
siderably greater than the estimated out
but for sixty days. For Eastern No. 2 iron
here ia a good demand in tho local market
or round lots sl7 - at furnace In the ruling
rice. For steel making iron the week opened
Ia uletly. with n few sales OF moderate tonnag 90
1r New England and New Jersey deliveries
I $3.50. The majority Of the large buyers
basic and Besscmcr are apparently well
r 8vered for some time to come. In the
8cctricat and general machinery trades
W butInrss In large volume 10 reaching
M o founders. In a number Of lines among
Bbbing! founders in the Eastern States
isiness Ia slowing down to the usual con-
lions between the end OF spring trade and
o lull Just before the opening Of work for
mmerfand fall deliveries.
Stove and hot water and low pressure
".Nrdu boli' WhhtTS report tht certainty OF
the business they can attend TO through
10 year. In the Central West stove manu-.
lecturers are nearly all far behind in de.
ayerles OF products on account OF spring
ders. Large shipments OF low priced cook.
q ranges to the South are special features
the foundry trade in the Central West
tt are telling in the melting Of iron. Ono
the largest iOunlers in ChIca 20 states thpt
HIN a year he has doubled his purchases
southern iron and has sent Il third Of It
K South In the form OF low priced castings.
ing the larger buyers OF foundry iron In the
marketthe belief Ia general that It IL good
" to contract for the last half at going
b. az there are more possibilities for an
ncing market than for a recession.
q coke market Is quiet. RequireU n7tS
ounderO- arc placed under orders that
run through deliveries during several
., and In many ca ses to the end OF the
For prime I, hour foundry coke prices
lrm at Sio1s3.5 so. For hard and soft
founders hereabouts report ample avail
supplies and no changes from quotations
have ruled ~latterly.
steel and steel products the markets IN
The sames steady volume o~flarss d deliveries
,count OF contracts that will keep the
employed through this year. In atric-
IA steel there IL little new business. But
mount on hand by the associated and In
Ioent mills aggregates largely over the
&c on the books at the opening OF Nav
[igo. Only very small Il mount Of business
l%ictural steel Is offering from San Fran
That which has been booked was
n hled for before the disasters. Archi-
ana engineers write from San Fran
/l31 that little important business VIII be
ltor account Of large buildings under
70 a hundred and twenty DAYS. For
Fary structures n good business Ia
lping In builders hard wa re and caslInos.
uncomfortable amount OF steel rails for
Will shortly he placed In this market.
pears In letters from st. Petersburg
steel corporation In this market TINT
+. ~ merlcan rails on the Trans-C asplan
.EaAf NoNcd 10 be the best on the lines
ne nara usage OF the war period.
5 ~ tnah loO,ONO tons OF American
AlNnlS laid on that line all came fully
ne makers guarantees. whereas few
k Mralls honght from other makers meas
10 inc standards. For rails suitable
M~Wctrlo lines and mineral railways busi-
ll Is continuously good, For standard
market exhibits little life Hut
It Nnsro OF work the year 1900 Is practically
book, ms the mills are booked nm
C|ull output. ard in a number of cases
H T well up for deliveries during tho
WI Of 1907. Prices for all sorts of steel
Neei products are unchanged, One re.
l'nle enect upon the market for al cel
Gus Drought about by the refusal NJ
N, t0eat steel corporations to advance raw
I'M ehli- manufactured steel Ia n paln In
u"VrS' european buyers OF Ameri-
Minn"cl wares had anticipated ADVANCING
thls market, On the Official declara.
SAna' no higher prices would be asked
- oeSan TO come In freely.
AM