The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-23
CONDITIONS In
The IRON MARKET

NEW YORK. Jlly e2-Ths Iron Age
Tho steel trade continues to gain
ground, with nou lag al certain
points In the Industry Co keep the adj
vance from proceeding too rapidly. Tho
feeling crops out here and there that
prices on export business apart from
var requirement. may b. Put up too
fast.
Thus far. while domestic demand has
continued at the hiEh rate OF June.
there has been little indication that con-
sumers are buying TO forestall price
advances. The disposition suu appears
10 digest nrst those already made.
10 Is estimated that more than zoo. 600
tons Of steel Tor munitions. chiefly bars.
Il under negotiation. the placing Of
I PROM 2 90 J cents h. asked for Shrapnel
bars. makers haN Ing realized that much
OF the early war business went at prices
much too low.
RussiE's further rail requirements arc
Nnrtously estimated. In addition 20
10000 tons placed with the Lackawanna
steel company and 100000 tons with the
Cambria Steel options have
been taken IN his country on round
lots. West Australia has been asking
Tor 10000 tons OF rails. and an inde-
getting the bushes. As open-hcarth
steel II being taken up for other pur-
posN, rail makers are feeling less and
less the absence OF railroad buying.
III NfA lNNA civ ire IAnIAF Service
commission has fought from the Beth
lehcm Steel company $500 tons OF
main rails and 400 tons OF guard rails.
Steel contracts from car companies
have been "a good sized factor In all
districts lately. and much steel Is being
figured on FOR cars yet 20 b. let. Chit
ago eports 5000 cars now being con-
sidcrcd BY the Union Pacific and 5000
BY the New Nork Central. The Il. & %.
has closed for 1000 freight and 50 pass
enger cars.
The steel corporations operations are
now At about 81 per cent OF its ingot
capacity. while the Carnegie Steel com
pany r. employing close 10 IS per cent
OF such capacity. At Chicago the larger
operations Of the principal plants have
been due 20 the transfer Of orders that
would naturally BE- rolled 40 Pittsburgh.
.hc tightening Of open-hcarth steel Is
seen In an advance in billets and sheet
hsls A. Pittsburgh to S22 and y23 res
~pecttvcly. with Youngstown prices 800
less. London cables that American
steel companies are much less disposed
ished steel.
The structural situation in the East
D. rather better. Besides $4,000 tons Tor
~uhways IN Immediate prospect. inciud-
ing 1000 on which bids were taken
This week. $4,000 tons Of general work
b. represented in active projects.
Bar iron b. higher iu the Fast. the
advance ranging from 800 Co $500 a
ton. Bolts. nuts and rivcts are urmsr
here was "a scramble for recent railroad
business In steel bolts and concessions
We're general.
There are seine signs o. the long
awaited s~tffcninE iu the plE-irou mar
ket Al ClCN cland makers are asking
higher prices for foundry iron as i'm
nulry increases. 4 Toledo automobile
company Is tn the market for $1,000
tons Of foundry End msucablc pig Iron.
usIyuries extending into next year. and
th'rc 81 "a 10.00n-tuu Westinghouse i'm
quirF ~ Pittsburgh. At Cincinnati
nearly 10000 tons o. Southern iron has
been taken by speculative buyers. = por-
tiou ~ which brought $40. Birmingham
Stecl-mnkluE iron b. stronger. the
consumption Of basic iron being the
largest in two years. IN Southern Ohio
n 30. u0u-ton sale ~ basic H. reported.
but active blast furnace capacity is in
creasinE 81 the same time.