New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-31
BUSINESS AND PRICES GOOD
Improved Iron and Steel Condi-
tiOns-Mills Heavily Taxed.

The iron and steel situation is shown 10
h" improving. and there are good prospect,
I'm evidence This f. evidenced by the reports
~ trade journals which make clos"
study Il these industrial branches This
week issues ~ The Iron Age' and The
Iron TRADE Review have the following
, The Iron Ago" sa,.. Each Ueok "m-
phaeizos tho great remembrance Of open
hearth steel iu tho present heavy cpnsumI-
ton Of rolling mil PIcau'ts. Their" is som
slack capacity ou ~" B"es'm'r SIDE of
tho industry ont ~ VIII remain ineffective
800 l"Lg as railroad buying continues tn"
most important factor iu th" demand
our reports from Al markets refer 60
tho fact mat nov huNlug f. not heavy. -
Off,. Sam. time. N f. sufficient IN the case ~
som. important PRODUCERS {" replace the
tonnage going ont OF th. mills. The Steel
Corporations statement. f"r example. Is
not expected To- show AN. diminutou tu uu-
filled orders. In wire. sheets and wrought
pifs i's May business Vas srcat"r than
mat ~ Nrril
July ! win hru- the expiration or
good many contracts thit whom renewed
VIII Boz - higher prices shipments bon
juno v'll naturally be- Hrg". o. uLspecin"i
material Nill bee cancelled 80 the end OF the
month
coke ..at assume greater Importance as
liui'iug factor .u IRON and steel produc-
ton While Immigration has been heavy in
Apui and MAJ. tho labor supply IN the
prices for early delivery have yielded some
what since ID" strike settlements, but ~
the price, asked f'r contract coke. :! 20
20 g. ~ az ovens furnaces now out ot
blast cannot afford 20 blow ia unless tho;
can establish % higher Lowell FOR pig iron.
Tu" question Of deliveries hy mills 1" car
works J. assuming some Importance. and
here and there tho offering NJ premium
for summer deliveries points 70 IN" urgent
need Of the new cars now under contract.
with n. railroads the case j, "'id"ntlf
ono Of getting a'l the rails. track supplies
and equipment pos-ihi" without cr"aiius
too strong an iMUrc. sion that they are
able To buy these things
Bridge work let los railroads I'm May has
been larger than I'm months. probably 5""H
Now vessel building IS bringing consider
able business to the mills. For four add
tional STANDARD OH boats FOR the lakes 1Oo
tons oC plates and shapes have been placed
AZ Pittsburgh Atlantic Coast shipyardS
which recently bid on four vessels for fruit
companies arc now figuring on two for
other trade
While the volume Of fabricating contracts
i'm Mav has run close 20 tho records OF
l1D6 when 10000 tons was booked I'm one
month statements differ as 10 the degree Of
improvement I'm fahricating prices
Some large inquiries for lin" pipe are
pending In merchant pipe. prices have
been we'll maintained. and an advance Of =
a ton ia 2 possibility
large producer Of sheets and tin plates Is
reported Tho Tin plate situation IA very
nriu. aome mills being filled up for more
than six months ~
t,ouble getting deliveries Offers Of open
hearth billets IN Great Britain by south
ern Plant are reported At ?1r I'd. e. j. T.
The Pittsburgh market for steel making
irons has grown quiNter and prices ar"
easier.
Foundry iron markets show that tho buy
Il
From The Iron Trade Review
The mills arc being seyerol~ taxed n
sati,fv their customer on deliveries In
tho Chicago district rucIlafly. dimcultN
= heinz experienced M meeting deliver"
demands The Peun-vlvanlA lines West
have placed an order for three thousand
cars The Carnegic steel Compatv has
contracted 10 furnish seven thousand tons
of shapes and plates for four boats 20 be
built b. the American Shipbuilding Com
pany for the STANDARD on COMPANY which
VII use the boats N Transporting crude oil
tracts awarded At chicago last week
amount TO u .c52 tons Of which 50 per cent
vent TO the leading interest
Further price advances in finished lines
appear imminent. Merchant pipe Will be
advanced 81 a ton in the near future aud
n 81 advance In plates will be made I'm
the next several weeks. Shortages IN semi
finished steel are common and several ~
the largest steel makers are now in the
market for tonnages To supplement their
ortputs The steel Corporation bookings
we're rot quite up 10 the April tonnage
Shipments are on heavier scale, but the
Ma untitled tonnage statement will show
some increase.