New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-04-11
IRON AND STEEL MARKET
7 he Iron Age says

The Iron Age says:
Favorable reports from all branches OF
the iron and steel trades continue e:,o 5i Tsi
higher prices would restrict new pushes :
was TO be expected. What the indusuy -
now working out IS whether, after the t eIl.
porarv check to buying due 70 the staNu
Of the manufacturers, II VIII go IoI ar
on the level producers are now Trying hat :
to establish Reports from some Oh 80 80
other steel companies DO not MAKE as 49,
a comparison with March but there Is mo! 8
unaninity as to sales Of stee. bars az -.
cents Pittsburgh and Of structural SHepres
and plates at ! 20 cents. In the meas
district 80 cents for bars is more ColI.,lioN
and r. cents for plates and shapes, repro.
sentin0 q differential OF Is cents per ~
uounds instead Of lS-cent freight charse
from Pittsburgh. 1--WE opsl ne go a. VI tesn
naces Of the No plant at Gary have Oeeu
started up. but in spite OF lnCIGdstl a.,
pacitv orders In the chicago district III
March were in excess OF shipments. a.,
Tho question how far consumers OF M
,sbed eteel are covered for the second quar-
TOR "a yarioyslv answered There are ihul,
cations that the implement trade VIII NJ
10 buy bars before June, and some nSsou,"il
tons are now up that were poS'p poror, 10,
after The governments crop report ~
April 4 large amount OF work IN suu-
ural lines IS being figured on. out Ihs -, - q,
sistence Of low prices tor ,rsJd cana
INV has grown. particularly among hina"'
FIRMS even under the CALLING competition W
the last two years. - ,,,,.e
In the Central West 2 scarcity or pIal,a
for early delivery has developed raster
mills arc running at 20 TO lo9 per 'sl'' ~
ranacity contrary 10 what has been a.
eunoed not all the steel for car Wofk NV
under nerotiatIou IS covered. Inc SeapoHi
Air Line has placed 1900 cars; ne Ha!Ila
Fe inquiry Is for 100 cars and that OF "
Hartman lines for 500. The rallroauIs
IA. so Generally called for open-hearth
rats this year that, with the demand ~
otbnr lines. some opeu-hearth works are
0VrrsolJ on semi-fnished steel.
The Iron Trade Review says
The United states steel Corporation Is
onerating this week at the highest pro,
ductiye rate i'm it's history, or " per cent o'
inpot capacity In view OF the recent eN-
tensions of capacity. this rate or QprIdtloHa
signifies the record output OF steer loIIIla a,.
Last month IL operated at q rate eNceepl''s ,
16 900 90 tons Of ingots per anh"ih OF d uUu,
. 900 G0J tens I'm excess or lts Dest !c"I
record IT Is putting On steer mdklns 70
Dacitv wherever il can. II mas pIaCntVatS
no idle open hearth capacity. Nhlle w
leading independent companies are no. ID, a.
actively engaged as the steer CorporduGGI';
come OF them are showing huuSIdIl ia
oojns narticularly in TIE East, where inllls
20 nov operatipg at about 80 per cent o.
Gu canacltv Sales of lake ore during tnc
ieet week have been very heavy ana from
. o00 o06 10 100000 tons have been placed
'iSo nIo, iron market shows increased acuf-
80 and some hardening OF prices. BaslGI
trop has sold at SIS. delivered, in Centr d.
pennsylvania, or an advance Vi ~ ''"'
fror the last previous sale.