The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-25
THE STEEL MARKET.
Rail Orders Keep Up-Nsw Co.'S
tracts Made for Shells.

ASSsS NhSuO hVT OnOhhSs
The Baltimore and Ohio railroad
Company has given an order for $500
tons OF standard section rails to the
Bethlehem Steel Company. The Phila-
delphia n Reading recently distrib-
uted . contract for 10000 tons Of stand
ard sections among the mills Of the
Bethlehem. Pennsylvania and Cambria
steel companies. The LorNin Steel Com
pany Is Understood TO have taken addi-
tional contracts for about 5000 ton Of
light sections for industrial roads, and
street railway companies have placed
orders for about 1000 tom Of girder
rails with Eastern mills.
Additional heavy orders for high ex-
plosive shells have been placed In Can
ada and II Ia expected that most OF the
steel required will coms from the United
states. The demand for bars, plates
and shapes continues active in all Sec
ions and prices are steadily advancing,
with premiums paid for December ship
ment. Railroads are on the point Of
closing additional heavy orders for cars.
but some delay In occasioned from the
inability of the car shops to eecure pro-
lection on the necessary steel for ship
ment g the first four or five months
Of next year and the Pennsylvania Rail-
read Company has withdrawn tempo
sarily from tho market.
-Four railroads In the Chicago dax1N
hsve Issued Lists Of raw ma9e1M for eais
AMOUNTING TO about 1900 tone. including
4. ~ h hSns FOR the 81; Paul and 80 tons icf
Minnsapclis and Omaha is offerns 9 ,on
nd ne Northern Pacific has abou, go tom
o.! old rails and Axlcs for sale:
rushing on . . .peed which may easily
Sdrry II past Any dsnss ngnsa: Tn rap!d
s1vsncS OF priocs 70 viewed WITH concern IN
81 hslplessness In tho fsos OF such . situs-
ton. Tho PennEyfvania Railroads.
meM OF the withdrawal Of it@ inquiry for
startling advance in p-rices-nesriy 100 per
cent. In some cases over the loves cor bids
q, the ysar-is the hrst strong demurre.,
producers have been hearin& thus far have
rather com from msnufas uf1ng consumer
Who could not M their ordss foe lack Of
Of in. mills for :ss Il spr S'' 70 9" b. -" nssS.d
"~Followin1 the recsnt Nas.m.p thM
This country because Of high price" : Lon.
don cable announces that the Alice have
reached such = rate IN munitions manufsc.
here. 1t IL true that there V now no new
shell business in tho hands Of the Allies
aeenn here. but II v known tha oplions
IN existing contrass. Further. whalsvss ths
they has. found no way Of incressins thslr
output Of steel. II 10 known. too, thaa ono
are buyer hero for . French ael company
that has already taken 10000 tons OF large
rounds will continue 10 DO Q buyer In this
country for another twrlvemonth.
odd maternal markets u ChionSo and
P1usburg have been active and excited In the
past week. due to the scramble OF steel
works for scrap, after having forced up pig
iron prices by their purchases in thaa mar.
S2O In the past two weeks NJ ChicaSo' due
TO large buying for Gary snd the fear of .
scrap short age In that district. Al Pttsburg
ton and shipments are beng made rom eaN-
ern Pennsylvs niA into that district. On
youngstown Interest has taken W.OO tons in
recent purchases"