The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-11
THE STEEL MARKET.

The unified tonnage OF tho United
States steel Corporation on January 81
was l24sbT1 tons an Increase or fl1,-
ops tons as compar red with the Decen-
Dor total of 3,s36.643 tons This gain
in untitled orders is about twice az
large as had been expected as the con-
sensus was that one of about 100000
tons would be shown.
Predictions Of higher prices for wire
products were fulfilled yesterday when
the American Steel and Wire Company
announced an advance OF VI n ton 70
$40 per 100 pounds on plain wire
and 81 60 per 100 pounds on wire nails
for second quarter delivery. These
nricea are on the same level with those
ruling a year ago
The Iron Age says Improvement |
in the steel trade IL 30 gradual that "
"a we'll TO look back to the conditions |
prevailing last November and Decem-
her ~ appreciate the present situation.
Min operations were then at only aDout
az per cent OF capacity, while TINS
week they are Up 10 nearly 50 per cent
Tho Improvement in the corporations
business IL further shown by the TACT
that. although II has blown IN eleven
l1est furnaces since December II Is
found necessary to start another az
Duouesne. another Edgar Thomson ana
another South Chicago. which makes
| fourte cen idle furnaces recently placed
| on the active list II liz further an
| nolnced that in view or the peter
state OF business the corporation VIII
| proceed to complete Improvement WORK
held up for some time. Its export traue
is now running little larger IMAM
| normal. A. -,
| roads ia still somewhat backward. The
rail orders of the week INCLUDE b'ooo
tons from the Chicago Great western
6 600 tons from the Bessemer ana Lake
Erie and small lots from the st. PAU. rhe
burlington Is in the market TOR ABOUT
90 900 tons in addition to its former
nurchase. Inquiries for about $500
cars are out. this being an Improvement
over conditions two weeks ago. An
order for 1900 tons OF girder rails for
a street railroad has been placed with
a subsidiary OF the steel Corporation
-shipbulding business continues to
loom up large In the horizon or plate
manufacturers. Contracts TOT three
more large oceangoing vessels were
rioced last week and orders still to be
given out are reported to aggregate
, almost as large a number as those con-
tracted for in the last three months
A long idle shipyard at New London,
, Conn. IL to be rehabllltated to take adj
I vantage OF the active demand for shlps'
: Bids will be opened February 10 Tor
: nearly 5000 tons Of plates ana S'ooo
, tons Of shapes and bars for the new
. battleehip California, to be built at the
. | Rrooklvn navy yard. The plate trade
10 IN need of all the business OF this
/, Kind that can be had, as prices on plates
= hnye been somewhat more incllned &c
Q weakness than those on other products
The demand for sheets Is showing some
l. | betterment. 80
contracts for structural materia
!. nlared In New York and vicinity in th'
last few DAYS totalled about 90, 600 tons
y included in which Is about $4,000 tom
7 FOR the third tracking OF Brooklyn ele
n waited railroads The Pennsylvania Rail
i road Is stated to have Withdrawn III
n racent inquiry for 10000 tons OF bridg'
a. work for this years delivery on tn
l. ground that prices quoted are too hlgn
2, "yhile the domestic demand for pil
p iron is showing no substantial increas
n much interest Ii taken In the perwIsten
= stream OF inquiries coming from abroad
H. II ocean freights were not so high an
j. cargo space could be secured AmorlcaI
ntp iron manufacturers would be able
I book considerable tonnage for export"
v The Iron Trade ReUeto says: ship
ie building In the East has assumed pro
!. portions OF times of great prosperity
a. Fore River yard has taken two tan
boats for the Texas Company and IN
Newport Shlpbuildlng Company receive
~ another 5000, 900 vessel One Atlantl
4 coast ward now has SCI, 900 900 wort
OF work on ats books. sufficient to ru
h, II until 1916
III "The Maryland Steel Company r. or
q larging Its yard at Sparrows Point !
al order to ne able 10 turn out more Vessel
t. "A large amount of business wa
F transacted in the Eastern machiner
y, market last week. most of the order
~ heIn9 due to the demand from abroa'
OF An encouraging feature howeVer, wa
n the Improvement In the demand froi
n the railroads, some of which have place
orders. The most important buyer WI
a. the Southern Pacific
a. "Seseral Cincinnati makers OF LATHE
se have refused some good orders becau'
ms they have enough business on hand
keep all departments running for sever
/ months.
&, pig iron business ie duh and mo d.
ty, mand for most kinds OF finished mat
90 rails Is limited"
rrnnNTneN