The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-06
BUYING OF Pig IRON
CONTINUES ACTIVELY
Sales Show Advance of $3.50
Ton for Metal in Last
Ten Days.

lCu IuySs
-
The movement to purchase, control
n merge steel properties to-day Is
impressive, but OF less magnitude than
similar operations were in 1899 and
1900. Apparently the financial obliga-
tons are less heavy. although many
millions of dollars are involved In pres
cnt negotiations. The requirement of
some Of the properties Is now being sought
by foreign interests. The blast fur
naces doubtless will make a radical
change In present conditions II present
nlans are carried out. Some OF the
blast furnaces involved are now being
opreated on foundry ore. A change Of
ownership would mean the transfer OF
these stacks TO steel making ore. The
bare possibility OF such an innovation
IL enough to cause buyers Of foundry
iron to be unusually alert. Buyinp Of
pig Iron continues actively. although
smaller tonnaees are involved In re-
cent transactions In the Eastern terri
tory. Yesterday one sale OF 900 tons
OF No. : Y foundry was made at ST.
for shipment over the first quarter OF
next year. This Is IN advance OF so
cents per ton. or a rise OF $3.50 per ton
in the last ten days.
Other sales OF foundry iron made In
this district yesterday aggregated about
5000 tons for shipment after the frst
OF the year, including coke, charcoal
and high phosphorus iron. One sale OF
1000 tons of lake charcoal was made
at s17.75 {. o. b. furnace. as prices Of
No. 2, 3 and 4 lake charcoal were
advanced yesterday so cents per ton.
This is the third so cent advance since
October IS In charcoal metal, No. Q,
3 and 4 now being held at T7.75. and
the high grade at $lS.25 Buffalo. The
second advance on charcoal iron was
made on November 1 and the third ad.
vance, reported yesterday, was erec-
tive November 4.
The Brooklyn Rapid Transit Company
has secured the tentative approval OF
the Public Service Commission to the
form OF contract which It desires to en-.
ter into with the American Bridge Com
pany. II seems only a question OF time
wh'n the award will be sanctioned. Some
Specifications for elevated road improve
ments have already been furnished to the
American Bridge Company. but no work
Is being execut d. The contract to be
awarded to Connors Bros. Is understood
to be awaiting only qualification by the
contractor. but until this Is formally
done no contracts for steel can be placed.
An inquiry was put out yesterday for
300 tons of fabricated structural steel
for a telephone building to be con-
structed at Wadsworth avenue and
l75th str ct, The Bronx. A high school
TO be constructed at Carbonate. Pa.
calls for 400 tons OF steel shapes. The
Phoanix Bridge Company. II Is under
stood. will furnish the 500 tons OF struc-
tural ste | for the barge canal terminal
at Syracuse.
The Carnegie Steel Company announced
yesterday another advance OF 81 a ton
on the price OF steel bars. plat ties and
shapes. which are now held at 100, base
Pittsburg. Warehouse prices are ad-
vanced 2 to 2.2o per pound. The fabricat-
ing price has also been advanced an
other dollar per tor. Some build
ers who have 81 eta offers Of plain steel
from stock nave closed on a slightly
lower basis, but the market Is irregular.
with premiums OF from 81 to 81 per ton
on the open price for shipment after the
LIST OF January.
The Trumbuil 81 81 Company plant At
Warren, Ohio, Is to be extended and the
1900 tons OF structural steel required
will be fabricated by the R~iter-Conley
Manufacturing Company. The contract
for $50 tors of ST 81 for the Duquesne
freight station at Pittsburg is still pend
ing. j. Henry Miller OF Baltimore, who
secured the general contract for the
Union Station at Macon, GA, has
awarded the contract for 1000 tons OF
structural steel to the Virginia Bridge
and Iron Company.
The distribution OF the 1916 rail con
tract by the Pennsylvania Railroad foi
lines east and west OF Pittsburg Is now
available. The previous tonnages wer'
only approximate. The United state
steel Corporation will. furnish 1880
tons. and the Independent steel com
pan!es lOl.5o0 tons. The Pennsylvania
and Cambria companies will each rol
1850 tons the Bethlehem Steel Com
pany 10000 tons and the Lackawanna
Steel Company $500 tons
The Pressed Steel Car Company
closed contracts yesterday for 10000
shell forgings for large size high explo'
siye shells for the British Governmen
This will require 10000 tons OF stee
blooms.
The Pennsylvania Railroad Company
is reported To have distributed orders FOL
ll,l6O cars for lines east and west Of
Pittsburg, and car shops have coveret
steel requirements for the construction
of these cars, calling for 10000 tons o.
steel bars, plates and shapes. Negotia
tons continue on 5000 additional cars
for lines east and west OF Pi.tsburg
There were rumors yesterday that thes'
contracts also had practically beer
closed.
1t IL rumored that the Southern Paci
fc Railroad has closed a contract. TO
100, 600 tons OF standard section rail
for 1918 shipment, a large portion o
the business going to the United State'
Steel Corporation. 1t Is also rumore'
chat tho Chicago and Mort hwestern Rail