The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-21
THE STEEL MARKET.
American Steel and Wire Com
PAM Advances Quotations.

Tit American Steel and Wire Com
pany yesterday advanced quotations for
Us products So a ton. Nail. are now
quoted at si.sj, and barb wire as well as
other wire products was advanced.
Demand for steel continues active and
the large war contracts recently placed
With ammunition makers will result in
good orders for steel.
The Iron Age says: Prominent fea-
lures OF the week have been advances
IN prices for many products and the APP
parent beginning Of another buying
movement IN pig iron. The heavy de-
nand for steel products continues. but
this is now getting to be an old story.
Among the price advances are So per
ton on wire products. 81 on steel bars,
,slapes and plates, SO ON chain. Sl4 on
iergos!licon, 5oc. on Southern pig iron,
DC, un Chicago foundry iron and $3.50
on Chicago basic. with indications that
Pig iron prices at other points will fail
, IN Inc. Prompt coke is VI 25c. a ton.
The pig iron market has responded
rather slowly 10 the great activity and
strength OF steel products, but it 10Y
seems that the slack is to be taken up.
b.rmin. ham adyiccs are that the sales OF
N,oulhrra iron the past week have consider
ably exceeded 5GgC tons, understood to in.
tudc contracting by pipe makers. A steel
uh!l m eastern Pcnnsyly ANA has bought 5000
tons OF base for second quarter delivery. The
leadln- radiator company has bought heavily
m various trade centres. CINCINNATI sales
agents report consumers In their territory
coming INTO the market in earnest Tor their
yk3ulretnents for the first quarter and half,
tast Tor lp.NuO tons of basic iron for the first
,,a, southern furnaces are SO well sold w
nay a.! export Inquiry for ZOO tons OF No. :
Railroads, having thoroughly Weakened up
ne now m9klns them selves felt more strongly
~ the steel market, They are not only buy.
lng rails for 1916, but quite a number Of sys.
uuis ore IN the market for an aggregate of
about 5000 steel cars for early delivery and
work The, Illinois Central has bought 5000
,p.S ut ralis The Great Northern @Q,0oo tons,
~. .t'F quantities, whilc II is understood that
Leg, 'no9s are proceeding with additional
ne. Lacksa anna Steel COMPANY, and i, Ssaa,,dd
ne irdHS 10 order 5000 Ions more, while
ann,n wants m"n TO 5ooo9 tons, The total
40 o1coO tons,
' ~"l.e10rts from every branch OF the 6nlshed
"t'r The advances in prize now being made
r i'rig Tor ,he purpose Of checking the
FRET Quarter and half Of 1915 The wire
siuliafnrrrs state that their trade /. the
oq-I1sS ~ ls history In other branches
sW,t!4ped with work that they are back in
Uf.leF't' tour weeks or more. some prod
irN orders under less than ten weeks,
w Ich new business Is OF course coming
rom manufacturer having contrasts for
munitions Of war for which they mus, pur.
,N''r rounds and other finished forms. but
addition to this inquiries continue to he
received from abroad for large quantities
~ ~" same class Of material for U.S. In
. preisn munitlon plants. The report comes
-s'E CAME that the British Government may
. s't'r an embargo on exports Of steel for
'"' uIFpose Of safeguarding it's own re,
ur"mris. This would result in turning
e,H|iionhl oriers from neutral countries ia
Our alrrstioU.n
Tho Iran Trdde Reoie,o says: 'Buyine q,
s IRON. esnecially steel making grades. /,
f.. esLra,ng The Lukens Iron and Steel Com
s-ry, after buying 5000 tons basic for III,
hr-' quarter a few weeks ago. has agar
n'"nod uc.otiations for an equal tonnage fol
',le second quarter OF next year, but II II
ho', .,rf'in that furnaces will quote.
N's' Pennsylvania Steel Company ha,
Ilr'i l-"d 1000 tons base, and Andrews stee
'9nlntnN, Port smouth steel Company an,
nit"r consumers are in the market Dcman,
i"r, lunsl,ed mater ais continues very stronI
I. !Nd some companies are out Of the marke
~. tho remainder Of the year.
'lroes are aItv ancing. Several furnaD
companies have purchased coke to cover ther
requirements for the fret half Of next year. :