The Birmingham age-herald., 1913-09-11
SHOWING INDICATES
TURN FOR BETTER
Untitled Tonnage Figures
Highly Encouraging
$4,000 TONS DAILY
August Makes Best Record for New
Business in Six Observation-Disclosures
Place Heavy Orders-South-
ern Furnaces Firmer

Cleveland, O.. September 10.-6Special-]
The Iron Trade Reviek tomorrow VII
say: The showing of the Steel corpora
tions of untitled tonnage is highly en-
coura aging as it indicates turn for the
better has come and shows that August
mede the best record for new business in
six months The booking averaged 3d.
600 tons daily, while the shipments were
about 10000 tons, the decrease in untitled
tonnage was 175,0Oo. as compared with
4o7 600 in July and $1,000 in June.
Reports from some of the independents
show a comfortable increase in specifica-
tions, but these reports are not uniform
and some of the independents are hun
cry for business.
The Pennsylvania Steel company has
taken 1900 tons of open hearth rails fol
the Missouri, Kansas and Texas railroad
to be delivered early in the new year
The Nickel Plate has awarded $500 tons
TO the Illinois Steel company for next
year. These are the first rail orders fol-
1914 delivery. The Boston and Maine or.
dered 1900 center construction cars from
the Pressed Steel Car company, and 50
box cars from the Standard Steel Cai
company. The New York Central has
divided an order for 300 steel passenger
cars among several manufacturers. The
St Paul has released an order for 250'
cars which has been pending for some
tine Chilean State railways have award
ed 1900 tons of rails to the Steel corpora
tion which has also taken 1900 tons from
Australian tramways.
Several inquiries are pending for foreign
sources. including 5lO tons of charcoa
iron for Germany, 2d00 tons of foundry
for Mediterranean ports and 800 tons o
maleable for Japan.
small amount of pig iron has recently
been imported for experimental purposes
at San Francisco from India. As the
delivered price is about s26. there seems
to be no prospect OF this iron competing
with the American product.
small amount of Chinese iron has
been delivered at San Francisco at about
1.-THE same price commanded by the Amer
fcan iron.
The completion OF the Panama cana
Will give Alabama ron an advance oi
G bout IS per ton below the present freight
rate. The $50 price on prompt furnace
coke, which for number of weeks hat
resisted assails of the buyers has beer
Cleveland firm at $2.25 for September de
livery. Other sellers are offering To dis
pose of their furnace coke at $235 foi
plCmpt delivery but many producers are
still holding tor S25o The contract price
las not yet been shaded and foundry
coke prices are also well maintained with
several of the leading producers retiring
from the market
German makers submitted the lowest
plice on $4,000 tons of pipe for the water
line to be built to Buenos Ayres Argentilt
rel ublic
There is, however, still some doub
as to whether the contract will b,
awarded the 10000 tons for the Queer
sewer line is still unplaced
The most important development ir
the eastern pig iron market has beer
the heavy buying of low grade iron
A Reading concern bought about Ii. 90,
tons OF standard forge iron for Sep.
tember-O October shipment and Is still
In the market for 5000 tons Severa
cast iron pipe makers in the east. in.
cluding the United States Cast Iror
Pipe and Foundry company are fieur.
ing on 10000 tons or more of low grad,
iron for shops in the Philadelphia dis.
trict and continue to purchase liber-
ally. The Reading Pipe company. alsc
Is still in the market for round ton.
mage for some of its western and south
ern plants Reports OF the eastern pia
iron association for August were salts
factory, showing that untitled orders
Increased about 10 per cent while
stocks had slightly declined.
quotations in the Buffalo district ar,
Hrmer and the leading interest has ad.
vanced TO minimum of $1425 for any
FOUNDRY grades. The New York =.
Brake company has closed for from
5000 to 1000 tons of foundry and NAL.
ID a Al ata u To- s.+s
5000 tons.
The southern situation is stronger a,
rule Furnaces north and south ar,
slow to quote for delivery after tn.
nrst OF next January, and when the,
DO submit prices, usually ask an adj
vance of 20 cents for the first ouartel
or 1911 and 80 cents for deliveries ex.
lending over the first half of the year
There has been some further wealsnes,
~ the price of structural materials ane
the l.f0c quotation Pittsburg is NOR,
frequently heard of in Very desirabl,
business
tonnage coming to eastern mills /,
somewhat improved. Awards of tn,
week include the new high level bridg,
AT Cleveland, requiring 2600 tons o
reinforcing bars and 400 tons of sbanes
the new Cincinnati courthouse. and ;
bridge at Portsmouth, O., which call,
for $500 tons.
The closing of the contract for car.
py several leading railroads gives ;
better appearance to the plate marke
which had shown an increasing ten.
dency to sag.
iho fact that many thousand car,
are demanding repairs and that thar,
- an increasing sentiment in favol
OF substituting steel passenger cars 70,
wooden indicates that heavier using a.
plates by railroads will soon becom,
Imperative.
New York, September lO.-(Special
The Iron Age will say tomorrow:
TIE heavy rate of steel consumptioy
ana the taet that users generally are
carrying light stocks and making clos,
connections with the mills are both ind;
T303Xvf