The Birmingham age-herald., 1912-09-12
MORE DEMANDFOR AMERICAN P|G IRON Tennessee Go. Sends Big
 Shipment to Genoa ADVANCE IN PRICES Leading Makers Predict Southern Pig Iron Market Will Reach $14 or
 Even Sl5 at Early Date.
 Steel in Good Demand
ADVANCE IN PRICES

Cleveland. O.. September H. Spcclai)-- The Iron Trade Review .ornorrow will say:
 Owing to pr sperous condition abroad demand for American pig iron ie becoming an increasingly important factor.
 Recent sales for export to Genoa. Italy, 1y tho ternessee Coal, Iron and Railroad eompdiy anlounted to from BOO 10 G0oo tons. Practically full furnace prices have been obtained The sales were made at about $ljJo Genoa on No. 3, and another lot of zoo tons is about to be closed
 Lending makers predict southern pig iron rlarket will advance to sl4 or even sl5 at an early date. Some sales have been made for delivery on basis of s1s J1 Birmingham A leading maker is with drawing the quotation and is about t1 quote sl4 for first quarter
 Price advances have been 6 prominent factor during the past few days Upward tendency continues on pig iron luota : lions
 Crude steel is extremely strong and a rumter of finished products including light rails, sheets, steel pipe ana boiler tubes. have Leen advanced Most of the aIsher quotations are on produGts on which quotations have not advanced as fast as had been expected and are be- lieYeG to be fully justified. Resumption of charging of extras for twisting rein. forcing bars Is equivalent to an advance on that product. Open hearth steel con- sumers during the past few days have found it impossible to obtain billots at less than s25 Pittsburg
 Recent sales of crude steel to one large steel maker have aggregated about 4o,otn tons. as nearly all makers of sefni-fiEished products in the Pittsburg district have withdrawn from the markc-. Western railroads continue to inquire for rails for next years delivery. The st. Paul has placed an order for 10.00o tons additional with the Illinois Steel company. The Lorraine Steel company has taken an order for moderate supply special track material to Manchester. England. The Baltimore and Ohio has ordered D00 steel cars from Cambria Steel company. Tho Pennsylvania Steel company has taken G0Oo tons of rail of eastern steel com panies.
 New York, September 11.--(Special) The Iron Age will say tmorrow: There are no signs of slackening demand for
 
 the interest of consumers In next year 8 business has been sharpened by fur ther price advances. These include $2 a ton on black sheets and g on gal Vanized, though not all producers are yet on the new basis: $2 a ton on some sizes of wrought steel pipe and on steel boiler tubes, and about soc on billets and sheet bars.
 The Steel corporations increase of sA 4 un i,, ial nr1a i,, At,pt net and the fact that it's capacity has been fully taken up for this year on many products. indicate heavier bookings for 1913 than has been appreciated. Evi- dence increases that railroads will be liberal buyers of rails for next year. The Baltimore and Ohio and the Penn sylvania are now making up their esd- mates.
 For export 1s,0O0 tons is under in- quiry for Central America and $500 tons for the National railroad of Mexico.
 The outlook for work requiring plates and structural shapes is excellent. In New Jersey 150,0O0 tons of steel will be needed for pipe line replacement and new work. Large municipal require ments are coming out In several direc- tions.
 Few steel companies now have any semi finished product to sell for 1912 The Steel corporation has bought about 30.000 tons recently at close to $25 de- livered Bessemer billets have sold at $24, Pittsburg.
 The pig iron market shows some flag ging In the prodigious buying move ment of the past month
 In southern iron reports of large inquiries from Europe have caused some excitement As nearly can be learned about 15ooo tons of Nos. 3 and have been sold for shipment to Genoa and Triest-10, 900 tons by one interest London reports of 50.000 tons being under inquiry in the United States to go to Italy are exaggerated but the demand is not yet satisfied.