The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-21
RUSH TO GET STEEL
FOR NEXT YEARS Use
Bu! Persistent in Efforts to
Get Metal. Irrespective
Of Price.

The persistent and determined efforts
or steel buyers TO secure supplies as u
protection against their requirements for
mo hrst haif OF next year. irrespective
~ price. was the most interesting de-
last week in a most extraor-
binary situation. Domestic consumers
placed NJ heavy orders as the mills would
accept for rolled products for delivery !,
over the second quarter Of the year.
some large contracts were also closed :
Tor delivery over the second half Of 1916. |
Not a fcw OF the steel mile. however.
denur to entertaining offers for delivery
over IN second half OF next year.
The railroads placed contracts FOR
equipment which will require the pur.
chase Of about 200. 900 tons Of rolled.
cast and forged products, The ear shops
alone booked orders for $500 cars and
for J Goo steel centre constructions, call !
iny for more than loo. 200 tons 81 steel. I
Specific Inquiries for rolling stock s,ill
In the market aggregate between IS, 900
and 10000 ears. but negotiations are be-
Ing quietly conducted on "a much larger
number According to the steel mills. az !
many MS co. 1000 cars are still under
negotiation. tho placing Of which will
be dependent upon the ability of the car
builders to secure the requisite amount
Of steel.
The locomotive builders exported or
ders for IL? locomotives. and bids are
being taken on 16o additional engines.
As noted during tho week. the largest
orders were placed by the PENNSYLVANIA
and New Haven RAILROADS.. The former
Is stu In the marke; for IS locomo-
tivcs. The Elg!n. Jolie, and Eastern is
taking bids on - locomotives. including
Is Of the Mikado type and Q switching
engines. The Duluth. Mcsaba and North
ern il about 20 place an order for 6 To-
motives, The Erie wants 10 Pacific
type the chicago and Eastern Illinois
: Mikado: the Toledo. st. Louis and
Western ; consolidated and there are
several miscellaneous inquiries for one
to two locomotives each. The Kim
Ham Railway is al out to place an order
for ten locomotives
Among the inquiries for cars. in addi-
ton TO the 1000 for the Pennsylvania
and 1000 for the Illinois Central, are
900 box cars FOR the Denver and Rio
Grand. 1000 ore cars Tor the Duluth.
M-saha and Northern $50 ore cars for
the Duiut and Iron Range; Lace gor-
OOlaS Tor tlp 'pnSolludltu tpdl toil-
pany l2a ore cars Tor the Bingham aud
! fairfield 2.UO0 coal cars and 500 service
cars for the Missouri. Kansas and Tex
as 500 freight ears for tho New York.
! Lake Erie and Western $50 car bodies
! for the NirGinian Railway 10" %gondolas
for the I.ong Island 81 passcne I cars
! for the burlington 500 e ntrc ConstruC-
tons for the Rock Island and Pacific
40 dump ears for the Illinois Central 10
an. Loo. sa. elm I Ah,fvh NFtlfaNH md Hnn
freigh, ears for the New York. ontario
AMI Western.
Tie fahrlcating shops reported con-
tracts calling for about 2o.""o tom OF
structural shapes. TO which the railroads
contributed about $500 tons contracts
are still pe:ding for about 10 u"o 10
loo. 600 u. :. Including the two additional
! subNa, sections. II t. also understood
that IN. New York Dock department. IL
| about To- call Tor uids on the construction
OF pi-- shed a; the foot OF torty-sixth
street and East River, requiring ','"o
I tons of structural steel. TIL Brids" De-
partmeut asked yesterday Tor ndeFs
i ON the construction Of the lhloIp"r'
bridge over Westchester Greek, Gaining
for $50 tons Of steel shapes, h'hS WI"
be received on December :.
I Manufacturer OF munitions succeeded"
In placing orders for about l1i GOO tons
: of stel blooms. hillets and round ~lt'l
hars. of which about $4,000 tons We're i"I
! direct export. several itstl'S OF MI
DDS were also mad N premiums o' SiV
10 $40 per ton over th" nominal ASK
ing price Toy domestic shipihth, '"' NV
ee,nrd hllf of 1916. Two other con-
,racts for h,sh explosive shells were
/ placed for late 1915 deliN ~. ana m
oniti,s mr.. in the market for the 3u'"""
IONS of steel bars that will he required
Tna ,,ri"arts for pig iron placed ~,
,u lis,ribu,iug districts aggregated
obont 200. OOU tons, hall Of when "'s
s,r s,.o, making iron. Tive extraoldiiary
ADVANCE IN low phosphorus ron over ''r
las; few days has e'npiaslZ'" 'h' 'a''
that very little 90 ms lne,al = nun
available Co December delivery ana
,,nc, az N, furnace capacity for first
ou.rtsr of nsXt yea: has also been dls-
,,os.d of. as the production Of low pi'os-
phorus ~ dependent upon IN" ielatlN'l!
small stocks OF such ore avallahle duf-
ing the winter. one OF the most inter
sting developments Of the week was me
disposition shown by ONT consumers OF
foundry iron TO cover their requirements
fnr The SECOND hale of next year, An
other interesting fact was the
demand FOR small lo.s of iron fr
prompt shipment, Some Of the furnace
ma sters predict that spot iron vii COM
maid premiums OF 80 cents 4" - ''r
ton befl-, the end uf the yea,
The southern Pacific Railway. II is
r,ported from New Orleans, Will place
"A contract 60" a large tank steamship
to hc used in the oil carrying rade he-
tween New orleans and Mexican ports.
SUCH steamships require from t,"oo 10
5000 tons Of Steel Plates IN coiit'u'-
ton.
Reports IN circulation in th" last t'w
DAYS tlat much steel had been pur-
chased recently on speculative account
can have originated only with the III
Informed regarding present conditions
Speculation has been a very small Fac
tor IN buying Of steel products, hut seN'
eral months ago some liberal purchases
of pig ron we're made both IN the NORTH
and South by speculative hug els. Som,
OF these buyers subsequently forced
sales on an unwilling market, hut lav'
now come 10 grief, rs prices have ad
vanccd several dullar ppr ton. Spcru
laiiou as a factor in the steel make
has heen practically eliminated