The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1909-10-30
Iron and Steel Review.

The great broad market that has
been created for iron and steel through
ont the country continues to absorb an
immense tonnage OF raw materials and
finished products. Prices continue to
harden, but the advance 10 less rapid
than earlier in the buying movement.
Thus far the month OF October has
collapsed even the September record In
sales Of pig iron. One or two selling
interests have doubled the September
tonnage sold, which latter month was
one OF the heaviest in the history OF
the trade. Last week sales in the East
rem district alone aggregated sbout
40. 600 tons, not including about 40, 600
tons OF basic and foundry contracted
for IN the East for interior shipment.
At Pittsburg 20. 600 tons more Of stan
dard Bessemer have been disposed OF
and there have been further sales Of
basic TO steel foundries in the West.
In the Pittsburg. Chicago Buffalo,
Cincinnati and st. Louis markets, IL
is estimated that the total sales during
the last week were 90, 900 tons. In the
East, steel works have taken about 25,
600 tons Of basic. Pipe works are re-
sponsible tor 90, 900 tons OF foundry
aud forge grades while railroads and
railroad equipment shops have contrac-
ted for about 20. 900 tons Of gray and
malleable foundry. The other sales
were scattered among manufacturers
OF machinery, valves. general aud
special founders A large tonnage OF
foreign low phosphorus has been
noted. but the only actual-new sale Of
foreign iron Is 23. 900 tons Of Middles
boro iron for import at Baltimore.
The magnitude of transactions in
finished steel product have been startl-
ing considering the enormous tonnage
previously booked. The average daily
sale OF various products by the subsid-
larry companies OF the United States
Steel corporation have been "a. 900 tons
during tne first half OF October and
they have seen little II any less during
the last week, but Of course these or.
ders will require Ave or six months 10
MI. independent companies have also
hooked heavy contracts. but scarcely
In the Same proportion as the Steel
corporation. whose heaviest tonnage
has been steel rails. Last week, how
ever. contracts were only 20. 900 tons.
for the Minneapolis. 81. Paul & .Sault
Ste. Marie. Rail contracts are pend
ing now for about 805. 0O0 tons. lnolud-
Ing the New York Central, Leigh
Valley. Jersey Central. Chesapeake q
Ohio and Philadelphia q Reading.
Railroads have placed additional or.
ders for 10. 900 carr. including the New
York Central. Lebigh Valley, Norfolk
q Western. sesboard Air Line. Toledo
d Ohio. Ann Arbor: about 10. 600 tons
Of plates and shapes win be required
in constructing those CARS and II IL nm.
derstood that most of the plates requir.
cd will be furnished py the CarneeI.
and Jones n Laughlin companiea
Structural steel contracts have sg-
gregated 20. 600 tons the American
Bridge company taking q. 900 tons
The demand for bilIets has been ex-
ceedingly active from wire drawers.
manufacturers Of locomotives. hard :
ware. tools and machinery. as well az
from steel works. Prices have advan-
ced sharply. Some OF the smaller steel
works have again advanced prices of
shapes and bark The National Tube
company has advanced line pipe ono
point or tse per ton and rivsts have
been advanced is cents q hundred or "a
per ton. Wire shipments are being
made 70 ths upper iaksR