The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-19
THE STEEL MARKET.
Russia Places Orders for 10000
Tons 81 Rails Here.


Inc russian Government has placed
an oroer mere Tor about 10000 o
OF steer rails. The United states
steer Corporations share OF the bust
ness was eo'ooV tons and the balance
was divided etwee the Pennsylvania
steer mpah and the Maryland
steer company. Russia has been a
neaVy buyer OF railroad equipment In
TINS country and the trade was expect
ing additional orders.
Inc demand Tor steel Tor conversion
INTO ammunition continues heavy, Shell
manufacturer are In need OF steel bars
anu, premiums OF several dollars a ton
nave peeh PAID ABOVE the quoted price
OF sl.35 per 100 pounds for delivery
BEFORE the end OF the year.
Inc Ddttp iron Trade says: Special
grades OF pig iron In central West have
advanced 0o cents a ton
the recent rapid advances In prices OF
iouhury ana steel making grades Mld-
oIe western sheet MUS are spurred 10
srea'er ACTIVITY oy the decline IN spell
.er price. Al Isreer steei n'il,s are eN-
49,, - W auo'e aa,s"'e e"'''' VI"
p'a..o' sHape.. ~ oaie'
, II Iron Aoe says; l., 49, H.
Iheso ~ Ie'up u" ~ new u
aII,' ~ 80 Wv ai.n ou
-, Ill - nj .hnaes
- 'asna' rsa
a,dS"n.. ~. ,hIs h,s,nas. Iii
oon,tnna 90 r,nn,,s ~ IN. nr.s.,, ar
a Srsa,sr scais conris largely in the
nredictions OF further broadenins OF the
;rdu.,rs
.pvs.,s p.s,m.r r.il nurcbases
.re iarys and more are 10 come TIL
S,ee, cor,ora,,on nov has az o0o tons
~ This business which will he rolled
al the rate OF 1000 tons a day at Chi
caro-. and ia more than welcome In Civ
Inr empioyment TO Bessemer capacity
i'm ali the rush for open hearth steel.
The Cambria Steel Company's share
under the new readjustment is appar-
emily 60. Oo0 tons. of which 400 tons is
TO be rolled by the Pennsylvania Steel
Company. Russia is also placing here
10, 900 tons Of spikes or more, Of which
an Eastern maker has taken a large
part.
with better employment for it,
bessemer capacity the steel Corpora
TONS insot percentage is now about %.
Its purchases Of bllets a few weeks &
which came lust before the sharp ad-
vance in rsmi-hnished steel, were not
far from lGO,OO tons,
Just now specifications are coming
to the mills in excess OF the rate OF new
buying and deliveries are not as prompt
In some lines as buyers want At the
same time prices are tightening, though
very gradually, and this week one Pitts
burg Interest has announced a l.35c.
basis for bars. plates and shapes FOR any
delivery this year. All can be had at
l.3Oc. frcm some sellers and l.25c.
pittsburg for plates Is stlll possible.
cit is appreciated tina available open
hearth steel capacity Is now about all
At work and owners OF nearly completed
baslc ~urnaces are pushing work to get
them In operation quickly. The Steel
Corporation still has a dozen idle blast
furnaces which could make basic iron TO
advantage, but Other stacks now run
ming are due for repairs.
domestic railroad orders are of little
moment. The Chesapeake and Ohio has
bought 1000 tons of rails, The Balti-
more and Ohio has placed 1000 steel
hopper car bodies, following its II, 600
tons OF rails. and the Atlantic Coast
has bought 500 box cars.
There Ii a better supply OF struc-
tural work, but fabrlcatlng prices are
~ bigbar pittshrrg cont rnnts NJ thu