The Birmingham age-herald., 1912-10-31
RAIL ORDERS KEEP UP |NLARGE VOLUME 0,000 Ton Order for Cana
 dian Northern FOUNDRY IRON QUIET Market Has Been More Active in Steel Making Pig Iron-Cana-
 dian Buyers Are Short
 on Iron
FOUNDRY IRON QUIET

New York, October so.-(Special)-The Iron Age will say tomorrow:
 In some lines new contracting is less, but in those involving material for rail- reads and railroad equipment companies it is we'll sustained.
 Some rail mills are now sold up to June, but rail orders keep up in large volume. The St Paul has just bought 75,0o0 tons. An important export order is 5000 Ions for the Canadian Northern,
 Car orders closed in the past week amount to fully 5000 while active inquiries for 1900 are pending and car companies count up 24,Ooo more on which bids are about to be asked.
 A significant transaction in it's bearing oa the maintenance of present prices is the order just placed by an important
 buyer for all it's requirements of in plates, hoops and plates for 1913, on to- days contract prices. A number of buy
 CTS have placed orders calling for de- liveries in the third quarter
 The october total of new structural
 work is exceeding expectations. NThe scarcity of material for early shipment is
  former s16 c. Pittsburg is as low as the average buyer can do and from sl
 to s highers has been paid
 The semi finished steel situation prom ises no early relief and billet and sheet tars production will not be measurably increased by new open hearth construc- ton before April. In steel making pig iron the market has been more active. Four lots of Bessemer iron, altogether l1,0oo to 10000 tons have been sold at SIT at Valley furnace, and sales of 750o te 5000 tons of basic have been, made at sl625 at furnace.
 Foundry uon is quiet but that mar kot is veering towards higher prices for spot iron than forward shipment or the reverse of recent conditions Canadian buyers are short of iron and there are indications in other directions that the
 need of iron for this year will grow nrg ent.
 Cleveland, O., October 3o.-(Speoial)- The Iron Trade Review tomorrow will say;
 That in spite of politics and all kinds of agitation some of the largest iron and steel consumers are willing to demon strate their faith in continued prosperity IS shown by fact that heavy orders are being taken from some of the most inn portant buyers of the country by leading sellers for delivery during second, third and fourth quarters of next year. Plans for new construction are not lack irg. Appropriations have been made for building at the Duquesne works of the Carnegie Steel company, the largest and
 most modern merchant mill in l.le eoun- try. This mill will be electrically op-
 erated and fitted with latest improve ments.
 In some parts of the country, especially in Chicago, prospects of obtaining de- liveries on orders placed at the present time are more unafovorable than they have been at any time during the present
 period of prosperity One of largest in- dependent producers in Chicago district ow has enough business on its books to keep it's mills busy for almost a year and United States Steel corporation ca
 pacity in that district, including the
 great plant at Gary, will not assure de-
 liyeries until far into the future.
 Tremendous demand for track fasten-
 ings indicates very heavy buying which Is DefnS uOne III GdllS, SDlhtS, spiltS
 bars and tie plates are being contracted for on scale that has not been dupli- cated for number of years. Pennsyl- vania is understood to have placed large supplemental rail orders for next years delivery with Cambria and Pennsylvania Steel companies, in addition to initial
 orders placed several weeks ago amount ing to about one hundred and thirty thousand tons.
 Chicago, Milwaukee and St. Paul has
 placed new order for 65,000 tons with
 the Illinois Steel company The Canadian Northern which has been inquiring for
 35 tons, has placed it's order with English mills. The rail mills and steel corpora
 lion are practically sold up for first hall of next year and for the first time in number of years will run to capacity throughout the winter.
 Middle western makers have been offer ing large blocks of Bessemer pig iron Tor forward delivery to leading consumers, and the minimum in these negot.sss.lns nave been ST for valley, On larger ton nages S1750 Is asked. Reports that steel corporation is likely to buy blocks of basic or Bessemer in open market in near future is not officially confirmed, and it is well established that the leading interest will probably be able to fill its