The Birmingham age-herald., 1914-07-02
NEW ORDERS ABOUT OFFSET SHIPMENTS Needs of Manufacturing
 Consumers Covered FURNACES BLOWN OUT Steel Trade Enters Second Half Gen orally Looking for Gradual Gain
 in Demand-Alabama Stocks
 Have Increased
FURNACES BLOWN OUT

New York July 1.-(Special) 1.-The Iron Age will say tomorrow: ''The steel trade enters the second half of the year generally looking for a gradual increase in demand but in view of the large amount of stock to be taken up improve ments in prices may be deferred for some months.
 June buying was larger in the first | half than in the second half with some companies. With it's output in June ! averaging 100 tons day more than in May, the Steel corporation may be able to report that new orders for the past II cnth practically offset shipments If | there IS any increase in thrilled orders 1t will be small. In finished material it | Will come late if at all this year. | The needs of manufacturing consum- CTS are f9iry well covered for the third quarter and no marked activity is prob- | able in July
 With orders formore than 15,o00 cars placed in June that month proved the best of the year. It will soon be known whether the rate decision Is automati- | caly to release 10000 or more
 The Steel corporations export trade has improved in recent weeks. The order Of the Siamese state railways placed here l "oS loi l@,VV tOIlS OI TdllS. The AnRlO- Persian Oil company has placed 15 700 tons of 10-inch pipe for new 170-mile line in Persia with the National Tube 1 company. large oil pipe order for | Burmah is pending
 | High iron sales for June were large by comparison with previous months, l but prices settled on southern iron go- 1 ing to the level for the year. Three Ohio furnaces will blow out this week and in the hanging rock district others Will follow leaving but one or two active there by August.
 southern iron for the second half has largely sold at s1025 for Birmingham No but $lO has been done for the third quarter Alabama stocks have increased
 Basic pig iron at Pittsburg has been
 more active than market reports indi- 1 eated One interest reports safes of 5000 tons for delivery in the third and fourth quarters. The bulk of it at SIS valley furnace"
 Cleveland O.. July 1.--(Special )-The Iron Trade Review tomorrow will say: The first half of the year closes With many hopes not realized and pos ltlve indications of early prosperity are lacking. But nature Is doing its part maenificently and there is growing belief that with the great crops of the year assured decided improvement is bound to come, If fair advance in rail- road rates is granted and if Congress can be persuaded to eliminate the V orst features of pending legislation and go home
 "Orders for rails and cars placed dur ing June were the largest for a num- Der of months. The principal tonnage
 ir rails was that for the Pennsylvania
 amounting to 37,000, of which 27,000
 tons has already gone to mills. June
 car orders amount to about 16,500, the
 largest number of any month this year.
 The New York Central lines have in
 creased their car order to 8400 and !; are still figuring on 1000 box and 1000
 gondola cars. Contracts for subway and elevated extensions in New York city
 awarded to date amount to over 400,- coo tons, of which 300,O tons have been taken by the American Bridge e mpany and the remainder by inde : } pendents About 20O000 tons are not yet placed.
 "The Illinois Central Is asking for bids for bridge at Paducah, Ky, con-
 meeting Kentucky and Illinois. requr- ing about 20. 900 tons. The Missouri Pa cific is preparing specifications for
 cars and is expected to inquire for about 45oO The Union Pacific may also enter the market for an additional l large block of cars.
 "The announcement of the opening f of the cotton tie market for this year at 65 cents per bundle Is received With 3 more than usual interest because 1t has ! been understood for sometime that n British and Belgium tie makers were Q eager to compete in the American cot
 ton tie market. Some cotton ties o1
 English make have been held in New
 Orleans warehouses for several years
 awaiting an advance in price. This :, years price, however, is the lowest 1T
 many years.
 'The cotton crop this year will requir, from 10000 to 75000 tons of ties, of whici t probably 5o,0o0 tons will be manufactured n in the Pittsburg district.
 ,, Sales of pig iron continue to be dis . appointing. While in some districts sale a were of larger tonnage in June than il
 the preceding month. prices have not i'm e proved and softening continues. [ 'In the south $10 can be done withou n much difficulty on No. 2 foundry fo . prompt delivery but furnaces are holding Il for S10 9 for third quarter and Sl050 fo D the last quarter Sales of from TOGO t
 5000 tons of malleable are the principa
 transactions of lower lake furnaces dur I ing the past week.
 "The Dominion Iron and Steel has with
 drawn its Wabana pig iron from tn ] eastern market. after selling about 20,O0
 to 25,0oo tons. The leading sanitary com : pany has purchased 5000 tons of foun T dry grades of which 5000 will come iron n the north and 5000 from the south."