The sun., 1912-07-25
WIRE PRODUCTS PRICE
ADVANCES 81 A TON
American Steel and Wire Co.
Announces Incrcasc-Rcvicw
Of Conditions.
INCREASES IT'S CAPACITY
American Sheet and Tin Plate
Company to Expand Crude
steel Work.

rIrrsBuHo. Pa, July -. The American
Steel and Wire Company has advanced all
grades Of wire products 81 n ton. This
means that the entire finished steel list has
gained q 10 81 u ton on the general prices
prevailing just prior TO the opening Of 1912.
The advance of 3: on black sheets and 81
On oil galvanized grades of sheets an
nounccd BY tho American sheet and Tin
Plate Company on last Wednesday makes
the total advance since January on thes"
lines tween - and ST. Spikes. which
were marked M 10 SOC. mill during the
week are 81 n ton above the low point ~
last February. Plates and shapes. AZ SOC.
nre - above tho low ofllcia, price of last
year and fun u above the actual selling
figure Of the fall of 1911. Merchant bars
have taken M - OF the 1911 loss and ac-
cordtnS to report will gain another dollar
before September I.
The new advance in sheets makes the
base price for black sheets :.o5c. mill. for
galvanized ai5c. and for painted CORFU
gated :.c5c. Other spccialties which were
marked up 81 TO 81 ton during the week.
In line with the general advancing tone Of
the market, were steel aSlcs, shaftinS,
chains and sheet plinr
Another evidence Of Tho steel Corpora
tion's policy Of expansion of crude steel
capacity In this district came In tho an
nounceineut this week that tho corpora
tior would add 80 y,cr cent. ia the present
Open hearth steel capacity 81 the Wander
grift, Pa. plant Of the American Sheet
apd TIN Plate Company. The Sheet and
'rin Plate Company draws all It's crude steel
supplies from the Carnegie steel Company
with the exception OF the open hearth bill.
let's produced AT ito ten open hearth fur
naces at Vandergrift. which are consumed
br the sheet mills AT Nan,.ergrift and Apollo.
Ia. The enlargement Of this plant will
relieve the Carnegie plants in Pittsburc
district Of a part Of the strain Of providing G
crude steel TO nearly - p.r cent. Of the
shee steel i~d strv Of the country
The market for crude steel tiRh'enc'l
oppreciably during the week orc seller at
Youngstown; ohio withdraTina IL former
This ia a gain of about =. 50 from the low
potnt Of the winter on cr,loe steel. Two
'n he m.rts' Si" for July and % august. @ S Steel %
deliveries, Pipe. both steel and cast iron.
has been been no sh change in ofHcisi quota, ,ions. %
Tonnage OF pipe engaged for fall deliverie.
in the Southwest is very heavy.
furnaces holding ali they gained in prices a
week ago. Basic iron Is quoted at Si3.3n ~
Valley furnace. a. asainst Hs?'' the former
iron continues s,3 80 furnace with forge hard
= 10 obtain IN any CONSIDERABLE tcnrage>
under Sl3, 10 TO Si3.i5 The old minimum
on forge iron. SIS. has abont disappeared.
The Steel Corporation has taken 5000 tons
Of bessemer and will need moro by August I
for the Carnegie mills. The standard aio-
tation on bc<semer iron remains uncha an ced
az Sil.:5 Valley furnace. The game OF
bluh between producers and consumers
OF blast furnace coke continues with the
producers insisting thst the standard brands
OF Conpellsville furnace coke either promp,
or on last half contract. cannot he had
under $3.50 oven. while the furnaces. re
fusinc TO contract at the new figure. declare
they are able IN yct spot shipments out oi
the Connellsville rerion AT less than 81 81
oven. The truth doubtless lies between
the two claims.