The Birmingham age-herald., 1913-09-04
DEMAND FOR Pic
IRON CONTINUES
Consumers Show More In
terest in Requirements
BAR IRON VERY WEAK
~ConffSacts for Considerable Tonnsgs
of Bridge Material Expected Son,
Structural Lettings of Wee
Are Not Large

Cleveland. O.. September s-(spe-
cial9-The 1ront Trade Review tomor-
row will say: FBg iron consumers are
showing more Interest in their re-
quirements for nA1t year. Some addi-
ttonal inquiries have Nbeen received in
eastern territory, including that of
Connecticut buyer, who asked for 1000
tons of foundry iron for February de-
livery. A Masillon. o. manufacturer
of cast iron pipe is in niring for. 1900
tons OF No. and No. 49and gray forge
for delivery in the first half of next
year.
Furnaces are expected to quote from
% to so cents advance on business for
delivery after January /. They are not
anxious to quote The General Electric
company has closed for at least a part
of the tonnage for which it was in
quiring last week amounting to 1850
tons. The business awarded was prin-
cipally for Schenectady and New Eng
land plants. Buffalo makers received
most of the Schenectady business at
about s14 that city
A Providence company is understood
TO have placed 1000 tons of foundry iron
for delivery in the first quarter of next
year at a slight advance over lowest
availing prices. The sales in the south
aggregate $4,000 tons. The sl1 price
is minimum and one large company has
advanced its quotations to $l1.50.
There is a good demand for pig iron
in the Philadelphia district where the
sales include 1000 tons of No. TX to
the Baldwin Locomotive works at about
$15.25 delivery. Pipe foundries are ac-
tive in Philadelphia market
The Steel corporation is still figur-
ing on a round tonnage, but steel max
ing irons are extremely dull.
Some weakness is reported in STAN
dard connellsville coke in eastern ter
ritory where a leading buyer took sew
eral thousand tons for quick shipment
at $3.50 ovens, while there are reports
of S2.35 and s2.45 being offered in the
east. In spite of these reports of
weakness in the east. buyers in the
central west are unable to shade the
S2.50 price. which has been maintained
for a number of weeks.
At Pittsburg an interest outside of
that district bought 25.000 tons month
for shipment the remainder of the year
at $3.50 ovens, and many August cor
tracts have been renewed for shipment
this month.
About 25.000 tons of Hostetter Con-
nellsville coke. which is controlled by
the Steel corporation, will figure in this
months shipments.
There are some reports of shading
on extras on steel bars but the base
prise is firmly adhered to.
Bar iron is extremely weak and some
mills are selling as low as S130 at
their plants. 1t is doubtful whether
this quotation covers the cost. Reports
of different companies vary as TO busi-
ness in finished materials for August
compared with July. Those of the Steel
CORPORATION companies are almost with
out exception optimistic. stating tina
there was a large volume of specifica-
tions and good aggregate of small or
ders.
Some of the independent companies,
however. are getting to the point where
new tonnage on books is extremely de-
sirable. Consequently there is a ten
dency toward reducing prices.
Contracts for considerable tonnage
of bridge material for the replacing of
structures washed out by last springs |
floods are expected to eeine into the
market soon.
Structural lettings of the week are |
Not large. Kreege's building in Detroit |
called for 1000 tons which was awarded |
TO the American Bridge company. There |
are indications that leading railroads |
VIII soon auopl u more ilDefal Duylnss |
policy and will place many orders |
which have been held up for long |
time.
At present. however. the buying is |
light For the Maine Central bridge at |
Augusta, $500 has been awarded 10 the |
Phoenix Bridge company.
New York, September at Special |
The Iron Age will say tomorrow: AT |
2.543,76S tons, or S2,121 tons d day piS
iron production was but 4S0 tons a day |
less than in July while July showed a |
falling off of 5000 tons a day from |
June and $500 tons a day from May |
The estimated capacity of the furnaces |
active on September l was nearly SOC |
tons q day more than that of the fur |
naces active August /, or SS2.a26 tors |
against 1857 tons. September output |
therefore. promises to be close to that |
of September 1912. which averaged 49, |
12S tons day
Markets for pig iron, billets and fin
ished material reflect the readiustment |
In values that is under way. New buy |