The Birmingham age-herald., 1912-07-18
LARGE VOLUME OF
 NEW BUSINESS The Steel Corporation Has l Many Orders Ahead RAIL ORDERS LIGHT Pig Iron Market Shows More Firm ness in Several Direetions--Rail-
 roads Placing Orders for
 Cars Rather Slowly
RAIL ORDERS LIGHT

1 Cleveland, July Especial )-Hron
 Trade Review tomorrow will say:
 During the first six months of the year the United States Steel corpora ton booked a larger tonnage in sheets, tin plates and tubes than in any other 1 like period in it's history and is still
 enjoying a large volume of new busi- ness. Heavy tonnage of orders are now coming to the corporation and to those Independents which did not fill their order books for the months ahead, which prior to July 1 were sur prisingly large and due in many cases to the failure of mills which took con- tracts al low prices to make deliveries on time
 Consumers who are not getting ma terial ordered at low prices are p1ac- ing new orders with other makers and are not hesitating to pay full prices, and sometimes high premiums for prompt shipment. The confidence which some manufacturers have m the present conditions Is shown in the advance of 1 S2 a ton on black sheets and S3 ton on galvanized sheets.
 Quotations on railroad spikes have been advanced $2 over recent quota 1 tions. This is the second advance with in three weeks. Some manufacturers are behind 90 days on deliveries. Announce .ment of higher quotations of wire prod ucts by leading interests is expected this week.
 Inability of car builders to promise early deliveries and higher prices on cars are causing orders to be placed | by railroads rather slowly.
 laax anfa l3a market for 4000 box ears, 500 gondolas and 400 flats. The Virginian railroad is enquiring for TOO hoppers Positive inquiries are out in the eastern mar ket for about 10000 cars apart from l the Boston and Albany and yirginian but including 2000 for Grand Trunk 1200 for Denver and Rio Grande and TOO for Southern.
 The Eastern Steel company has taken orders for five tons of pai material for cars to be built by Norfolk and Western in their own shops. The Pennsylvania Steel comp9ny was low on 290O tons and the American Bridge company on 1a0 tons of structural material for the Cen tral of New Jersey. The United States Steel Products company has taken s00n tons for bridge work for the Corean rail- roads to be built by Japanese govern ment
 Rail orders are not large but fairly numerous. Northern Pacific has placed 5000 tons and Parrish and Mount Pleas ant 40Q0 tons with the Illinois Steel con- pany. Pennsylvania lines west have given the Maryland Steel company supple mental order for 1000 tons. The Tennessee company has taken from 5000 to coco tons for q southern line
 New York. July 17.-CSpecial- The Jron Age will say tomorrow: The chief de- velopments of the week in the steel trade are advance in prices of black and galvanized sheets railroad spikes and riYets, bolts and nuts, and q 10 per cent increase in the wages of common labor by the Jones & Laughlin Steel company
 The advance In sheets made by the American Sheet and Tin Plate company is g ton on black sheets or to 205c per pound for No. 2S, and s3 a ton on gal Yanized sheets. or to 3.15c
 The output of steel works and roll ing mills has been somewhat cut down by hot weather, but not enough to be regarded as a factor. There is pressure for deliveries in the heavier lines.
 Specifications for some products have kept up better than was expected after the rush in June, but in new con tracts as distinct from specifications. there has been such a slackening as was to be looked for after the heavy l buying of May and June
 | The mills are counting on an import ant addition to new tonnage from pend i ing car business, concerning which there is evidently more urgency than | the railroads have shown heretofore. l New rail orders have been relatively | light. The Northern Pacific has bought
 5000 tons .at Chicago and a Southern | line has placed 5000 tons at Ensley. | There are indica tions that a further advance of $1 a ton may soon be an-
 nounced in wire products
 The Steel corporation made on pur- chase of Bessemer pig iron in the past
 week-5000 tons at $14.25 at valley fur
 mace. It has also again been a buyer
 of bllets and sheet bars from inde- | pendent companies to tide over small shortgase.
 The pig iron market shows more | frmness in several directions. Chicago
 and St. Louis report some round lot inquiries. but in the rest of the country | inquiry and actual sales are light.