The Birmingham age-herald., 1911-07-13
IRON TRADE WILL
 SHOW GOOD GAIN Outlook Bright For Coming
 Six Months MILLS ARE ASSUMING Demand For Finished Materials Has Improved Steadily Since the
 Fourth of July
 Shutdown
MILLS ARE ASSUMING

New York, July Especial The
 Iron Age will say tomorrow: 1 Conditions continue to warrant the
 belief that the volume of business in
 the iron trade for the coming six
 months will show a considerable gain
 over the bookings of the first half of l the year. -' 1 The steel companies have taken less
 time than usual this year for mid-sum-
 mer repairs and inventories, and this In
 itself strongly indicates a better de-
 mand from consumers. The steel mills
 in the Pittsburg and Youngstown dis
 tricts are now operating as well as in | June, or to between 70 and 75 per cent
 of their capacity.
 l The United States Steel corporation
 thrilled order statement for July 1,
 showing an increase of 246.S71 tons,
 compared with June 1, has a further
 decidedly favorable bearing on trade
 considerations. The increase is con-
 siderably more than had been ex- pected. The week shows excellent book
 ings for finished products. The pig iron situation presents some conflicting phases. The eastern pig
 iron assocition reports a heavier de- crease in June In stocks of pig iron held by the blast furnaces than in any previous month this year. Members of that association who have been taking
 business at concessions have now prac tica.lv withdrawn from the market. Cleveland, Ohio, July 12.-(Special.) The Iron Trade Review tomorrow will
 say
 Owing to the improved demand for | finished materials, mills have been re-
 sumirg rapidly after the Fourth of
 July shutdown. especially those of the Steel corporation, whose business Is assisted to a greater extent than that
 of the independents by foreign de- mand.
 Following sales of about a0,000 tons of
 basic in the Mahoning valley at the very low price of SECS to s12.75 at furnace.
 heavy inquiries have appeared. amount
 ing to nearly 75OO tons, and some ton
 mage has been disposed of at slightly
 better than $13 valley The Republic Iron
 and Steel company, which recently com | peted it's new open hearth plant, is call i ing for large tonnage.
 The Colonial Steel company Is also Tn | the market. An eastern Pennsylvania consumer of basic has purchased 7500 tons | at S15 delivered and another has taken 5000 tons. Inquiry for foundry grades | nas also improved in the Pittsburg dis | Lrot. where the Westinghouse Electric | and anufacturing company is inquiring
 for round tonnage. Sellers in the Buff | falo district are not quite so eager for | business and prices are firmer with some | interests asking from 15 to 50 cents more | than last week.
 Contracts placed for structural material | in Chicago, last week exceeded 20- l 0o0 tons while those placed in New York during the past two weeks amount l to about 30,0OO tons not in- | cluding contracts for subway work, the
 execution of which is delayed owing to | some question as to the bond issue | Bids have been received on 3S00 cars l for the Erie railroad and awards are eX- rected to send out an inquiry of from | 401 to 5000 at an early date. The Carnegie Steel company has been awarded 45000 | tons for the Los Angeles yiaduct, and is | Understood to have received contract
 for 1000 tons of Armour plate for Italian | ha t,eships.
 | The city of Cleveland has awarded
 3sn0 tons of cast iron pipe to the leading interest which is also expected to take l Il. 900 tons soon to be awarded by Detroit