The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-08
H STEEL MARKET.
I Improvement COntinurs--rngIaod
in Market for Barb.d Wire.

~ " wv
The steel market continues active and
firm and bookings over iuc pas; for,.
night are understood t" have boon the
best for any similar period Sut" the
improvement commenced. uum,.uc
buying was active and export hustn.g
continued large. F'urthsi order. for VIZ
material have been placed and i Wa
reported that England is ild' "'s for
additional large tonnagos OF L1.u v.re.
The Iron AOc says:
developments of the wc"t .Uuv A
further Improvement in steel %. o .o..
ditions and prospects. INCREASING poo.
duction, accompanied by Increasing do.
mand. INDICATES that the summer months
will show no letdown. They may even
be marked by activity ON It larger
scale.
with June the contract period ,gd.d
on a very considerable volume Il bus.
ness taken at prices from 81 to SO below
those now asked. and specifications
came in freely at the last. flushing r..
ports that June business in many eases
exceeded that Of any month tn a year.
while In the Chicago district. where the
improvement in the spring months by no
means kept pace with that at PittshvrE,
June bookings were nearly double those
Of May.
1.-THE Steel Corporation. as EXPECTED.
has bought $1,000 tons OF steel blllets
from an Eastern producer to ease UP IN.
demand upon its open hearth depart.
ments. It's operating rate has run above
SO per cent. OF it's ingot capacity. Idle
Bessemer plants will not be drafted uu.
less the strain is marked. Their cost
Is high md the call Is FOR open hearth
steel. even where Besscmer might serve
Tho pig iron statistics show PLAINLY
the expansion in steel production. In
the thirty days OF June the outpg; was
2.3S0,s27 gross tons. or 1851 tons 4
day. a gain of 6.345 tons a day over
May. Steel works %furnacc contributes!
nearly $500 tons of this Increase There
was a net gain of twelve in active bias;
%urnaces last month and the ,tr.,l'y
OF the 21S furnace in blast Iuly ! vas
s0,+1l tons a day. against 1853 'ns
a day for zoe furnaces one mouth I.'.
vious. The country's highoS, rt'g "
pig iron output vas 92,36? tors g. DAY
in February. 1913.
Pig iron production Is NOW 30 80
rate az 29,500. 900 ton1 HoaI. a-, -
@1.400, 900 tons OF June !. and j. Nu.-
600 tons on January !.
with greater frmncss I'm rr.,-. .
IL still some i~rregularlty in plate
shapes. and even IN bars. though . .
price on the latter is rare. 'lt',s .t.c
sold for Western delivery on Oh, boss
OF 1.15c. Pittshurg. hut l.2"r ia- N'
the usual minimum for sh!pWD,t- '.'
OF Pittsburg.
The leading wire interest he v -
drawn jobbers' prices on wirc o.. .
low $50. and on plain wire below
these prices representing what I.. '.,H
the nominal market for som, 'H.
There has been a general adv.
81 on painted aud galvanized H.. Do $780,
and of CSC. per key in the ,>'.a q
galvanized nails.
Rail and car business has ',... p,
lively quiet. The Rock ls'arI rs
bought 10000 tons of rails a.
Omaha has placed l,300 cars, frr 80. r.
10000 tons Of steel has been hn.-N' g
the Chicago district. British ,s.'
rails have been quoted as high as iI-
at works port.
Bids go in July lG on $4,000 20
600 tons of rails for New York .., "
systems
The I'o and Stccl Rcr,or saw.
The first half of the year 'tI'U N'H
! very heavy specifications ou ,n. ''t I
for shapes, plates. bars and u'',. '.-
shed steel materials. In uil.. ,..'
requests of consumers to be allowed 'p
specify in excess of contracts W..
! clined by manufacturers uU ag.r.r' ,
: recent rapid increase IN the put = 2
, orders and also because of ,rr H.,. r
in tho future. Improvement ,f l-
is still only moderate, bit IA, N' "
of new business coming to til, n.... r
very heavy.
Large orders for mach,uc 'u'. .'
being placed by compaulr, ,ug,g,. .
the manufacture of ammunition |.I'. =
! are being ordered i'm large ui,,r'..,. ..
fuure delivery, and about auN ....
were sold IN the East during iO' r..t
week. The largest buyer of ,I.n...t
was the New England Mc.trrEO. IL"
Company, which placed orders '.'
cral hundred machine tools, ir u.p
lathes.
Another large buyer Wa rr. T.'
ington Arms Company. Both 1
are still in the market