The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-09
THE STEEL MARKET.
Volume Of Business In Rolled
Prodacts Continues Neavy.

The volume Of business in rolled steel
products continues heavy. although the
mills are still turning away moro orders
than they are accepting. Ran mills are
understood to have closed contracts for
between $4,000 and 10000 tons of stand
ard section rails for 1916 shipment.
There were also additional sales Of small
miscellaneous lots amounting to about
5000 tons. Moro and more dificulty
IL being experienced in securing plain
structural material from tho mills and
nearly all Of the orders arc Of the 8 O s
character.
Most Of the orders for manufacturing
plant extensions come from the centras
West. In the metropolitan district the
principal contract placed yesterday was
for the Oceanic Realty Company build
ing at Fifth avenue n Forty-second
street. calling for loo tons Of steel.
which will be fabricated by the Ameri-
can Bridge Company. Contracts from
other districts amounted to about LOO
tons. Tho American Sheet n Tin Plato
Company is reported to have advanced
the wage scale of the operators In the
sheet mills 20 per e The Baldwin
Locomotive Company has taken orders
for four locomotives. including n zach
for the following COMPANIES: Younss-
town Sheet and Tube Company. Worth
Bros. Company. Ironton Railroad Com
pany and the Akron Barberton Belt
Railway.
Additional contracts for pig iron reported
bore YESTERDAY amount TO about 1000 tors
q little over half OF which was for the In
ternational Steam Pump Company. Heavy
sales have been made at Chicago In the las
week. the total being about 5000 tons. Low
Eastern district. Sales of cast iron pipe.
noted spea sally else where. aggregated about
1000 tons. and about 500 tons additional are
The Iron 40. says: "Tran.a~ions. in Lake
Superior iron ore are on this verge OF closlnS
Hg5 for Mesaba bessemer and rlH for Nee
aba NON bessemcr ore an advance OF 30.
for the former and zoe f9r the la'tcr upon
cordlns TO present indications. will sell 81
All ahvance Of about Toe. over the 1915 sched'
NJ nstsa Of 81, as favored by some pro.
orc thai can be got down in 1915, II 10 not
Improbable that sales later in the season will
'The Inability Of some ore shippers q
make sesson vessel charter, Tor next yeH :.
{ diHurt IN m sSso ss.n 1 H.. ,S S~n sSyan sse r roS
by the stsel Corporation and tho taking Of
TO- oO, 100 tons In outside charters by the lat
iThe difficulty OF forcing pig iron produc
| ton above the present ratio appears In the
statistics for November, Al 6.oa1.3os tons FOL
sgainst s.i.s.Wi in October, or 100, $40 tons :
| dsy, The steel company furnaces could moi
| keen up the pace they made In the October
strain for high !. ,ords Some Of them ma
10 expected TO 90 out coon for refining, .,
| the hard driving OF many months 10 telling,
o December the capacity OF the ssl ~
| tive blast furnaces was io3,0as tons . day
against iol, sis tons . day for 27s furnaces or
November I. this last rate being based on thu
unusual outputs Of octobsr. Production Il
now AZ the rate Of 800. 900 tons q year. al
lowing <oo. 900 tons for charcoal pig iron.
."The congestion Of export shipments Of
] steel adds 10 the troubles of home consumers
while mills are sblo to concentrats upon III
| relief Of the domestic situation, the scsrcty
Of cars 10 an increasing handicap.
'Ths offering Of prsmiums Of y to q . tor
for bilists. rods and some forms Of Anishst
material. particularly plates. brings out bu
iittis, Pists advantes stand out. some mill
having secured ass. and 2.3oc. Fttsburg OF
early dslivegiss."