New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-10-05

! asked as TO the effect on demand Of tie re-
cent disturbances in the steel trade is GER
fanny nor untavorable. Pig iron produc
uon Increased last month and Is still in
creaslng The total output Of coke and an
tnraclte iron last month was 1g57lO2 gross
TONS, or eo,s0S tons day, against a rate Of
o-'loO TONS day in August ID is siguifi-
cant that the merchant furnaces after
! seven months OF steadily declining produc-
uon' turned the tide last month with a gain
ol nearly Loo tons day over the August
/ rae. ~ IS also noteworthy that October
opens with the gain In merchant pig iron
production still under way. five more fur
hdces which make iron for the market be-
ing scheduled 70 blow in soon
Inc active list showed a net gain OF ten
Iuinaces last month and the producing ca
PeCIly was b5,4b6 tons a day from 70 tur-
1dCes on october i against 65.2lt tons d
cay from 203 furnaces on September l. Pig
iron production is now at the rate Of a..
$4,000 tons a year. including charcoal iron.
or 20 per cent Of the high record OF 21S'5.-
w tons, made last year. The pig iron mar
ket has grown more active, but the course
or prices still favors the buyer. FURNACES
IN the East report that meters nave grown
more urgent about deliveries-a conulloh
that is attracting more attention IN tnat
section. In basic iron, sales east or the
Alleghenies In the last week nave amount,
cd TO about 1900 tons. divided among steel
works in Connecticut, New Jersey and
Eastern Pennsylvania. The basis IS stu
close to $14 20 delivered in Eastern Penn
sylvania.
Volume of demand FOR finished products
has held up better than generally credited.
There was some decrease in the total OF
orders on the books Of the steel companies
in September. but Il was not large Prices
have yielded i'm some directions TO the eX-
tent that what was quoted on large and
very desirable business Is now applicable 70
smaller sales. Sales Of bars have been
made as low as Ll0c Pittsburgh Of plates
at Loo and Of sheets at LSjc for NO. y.
one Of the largest merchant pipe contracts
in years, closed by the leading producer
through the United States Steel Products
Company with the Western Gas. Light
Heat and Power Company Of Calgary,
Canada, calls for 40 900 tons OF line pipe on
which shipments will BEGIN almost az once.
The Santa Fe has bought 10000 tons of
rails and $500 tons Of tie plates. IN the
Pittsburgh district over "a go tons OF rails
have been booked IN the last week, includ-
Ing 5000 tons for Japan.
"The Iron Trade Review says:
The most encouraging aspect OF the iron
and steel situation is the more favorable
outlook for railroad buying Some # the
leading systems are inqUring for bridge
material I'm good quantities. and others are
finding themselves obliged 70 more serious
~ consider the rehabilitation Of ther equip
meEt which has been allowed 20 depreci-
ate through strict buying policies. car
orders placed this week have been the
largest for some time the Pennsvlvania
lines East and the Buffalo. ROcheste. ~
Pittsburgh being the principal purchasers.
other lines are getting figures on sample
lots Of cars before deciding on large pur-
chaSes. Some Of the railroads are shown
10 have underestimate their yearly needs
Of iron and steel products.