The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-21
RAILROADS WILL SOON
END FREIGHT EMBARGO
Iron and Steel Industry
Cheered by Prospect Of
Freer Train Service.

The most cheering Information to the
iron and steel industry yesterday was
the raising OF the freight embargo by the
New Haven; that IL, freight trains were
moved on Sunday and the road Is now In
position to accept freight from Utmost
any source. In the meantime some OF
the manufacturing plants at Bridgeport
were obliged to shut down for lack Of
fuel. Resumption. however. will Be pos
sible within the mex twelve hours. New
York shippers received word yesterday
from the Pennsylvania, Baltimore and
Ohio and Philadelphia and Reading that
the embargo placed upon shipments sew
eral days ago would probably be raised
by next Thursday or Friday. The situa-
ton on the Central Railroad OF New Jer-
sey and Lehigh Valley is said 10 be UNI
changed. The Delaware. IAckawanna
and Western still maintains IN embargo
on Hoboken. but there IL no restriction
on freight for other points on mo line.
The oxford furnace OF the Empire
Iron and Steel Company has been banked
for lack OF an adequate supply OF coke
and may possibly be forced to blow out.
Sorne other furnaces In the eastern Penn
sylvania district will be forced to bark
within the next day or two. Taking the
situation rs a whole. however. there
81 ~ w ~ - N>s y"
Coal operators report prices about 10
cents per ton lower. due to the increased
pressure 20 sell at the mines Tor other
than Eastern shipment. Five or six dif-
ferent eales were reported yesterday ut
81 to 81 rs per ton at the mines for high
grade steam coal. In a few instances
slightly lower prices were developed.
Spot coal at New York. however. still
commands high premiums ~ does coke.
which Is held as high as 81 20 IS per ton
temporarily AZ this point. New inquiries
for coal lave come from Europe amount
ing to about 500. 900 tons. covering steam
coal for Italy and gas coal for france.
but no sales were effected yesterday. The
ocean freight situation Is still most un-
satisfactory.
The American Steel n Wire Com
| pany notified customers by mail ycster-
day OF another advanc OF ~ per ton
In the price Of wire products. effective
at once. Wire nails are now held at
s?.l0 per kee plain wire, $l.s5 per hun
bred painted barbed wire, S2.25. with
20 cents extra for g~alvanizing. making
galvanized barbed wire s295 and sal
vanized pain wire sass per hundred.
Some domestic consumers OF wire prod
ucts. however. who have been forced
" stth NV oul0t vi tbPRhy tiess
their reular mills have been forced TO
pay 81 TO s3.65 for galvanized barbed
wire. Heavy inquiries for export have
been met with prizes OF 4 cents on gal
vanizcd barbed and some business Ia
reported to have been done on this
basis. The advance just made by the
large interests brings the OFFICIAL prices
to the highest level established IN the
last fifteen years.
The American Can Company IN re-
ported to have secured another contract
OF from 1000, 900 to 5000. 600 shrapnel
and high explosive shells from the Brit
ish Government. II Is understood that
the price paid averaged close to SIS
| each for loaded shells. indicating that
, the total contracts will be from, S+6.-
OOO.O 900 to So, 900, 900. Two other new
she'll inquiries for 5000. 900 each ara In
the market for Great Britain and France.
The Virginia Coal. Iron and Cole Com
pany advanced prices OF foundry iron
90 cents per ton yesterday. Tho ad
vance is effective at once. This makes
No. . X iron sl7.25 furnace for ship
ment over the trst half OF next year,
$3.50 for shipment over the second
quarter and SIS for delivery over tho
last half OF 1916. II Is understood that
Virginia stocks OF pig iron are now
close 10 100000 tons. In eastern Penn
sylvania stocks on furnace banks on
December ! were reported to have been
approximately $4,000 tons. The Adrian
furnace IL now reporting TO the Eastern
Association.
Sales OF pig iron made IN the East
ern territory last week prove to nav.
haa,, larpAr than nreytpIslv yannrfeb
one interest not previously heard from
having sold approximately 10000 tons
Of northern n Virginia iron for ship.
n-it over the first half and third quar-
ter OF next year Several lots of 1000
to 1000 tons were disposed Of by east.
eru Pennsylvania furnaces at price,
ranging from $40 to $20.15 for No. . y
al the furnace. The outside pric>. how
eve. IL exceptional. some resale iror
is reported to have been disposed Of a
sl9 at the furnace. VI most Of IN.
eastern Pennsylvania furnaces are nov
holding for $50. AZ ',unalo No. . y
foundry has been sold within the las
few days at prices ranging from $40 e
$50 a ton at the furnaces.
An inquiry for $4,000 tons OF insot,
and semi-finished steel was put on
yesterday. but as nc specifications coult
be furnished the inquiry was not take
seriously by the mills. II you'd b. dim
cult to place such a tonnage, even |
s~peciications were available for deliv
cry during the third quarter Of mex
year.
The Central Foundry Company hal
closed contracts for 1000 tons OF four
dry iron. No. "a. No. 2 plain and No.
foundry. for shiph,rt to Newark owe