The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-01
THE STEEL MARKET.
Demand Continues Active, With
Indications Of HiGher Price,.

Tho steel market continues activ.
and prices on all products are firm
With indications OF an advance in quota.
lions for barn, plates and shapes In a
comparatively short time. There are
further large orders for ammunition
pending, and when these are placsd
there will bs . renewal OF demand for
high grade bars, which are us ID in the
manufacture Of shrapnel. There has
been better demand for steel plates,
owing 20 increased activity In tho equip
mont market and tho big business being
done in the shipbuilding industry.
The r Ago says: The steel trade
enters upon the second half Of tho year
with production about so per cent.
greater than on January 1. And Win the
increase in production and consumption
which has been moro marked IN the
past two months still in progress.
That the Carnegie Steel Company
will buy biliets in the East. 20 that Il
may have available for the central wsst
steel which would otherwise go TO an
Eastern subsidiary OF tho Steel CORPORA
ton. Ia a possible development.
"A new French contract for $4,000
tons of shrapnel bars has been awarded
Quiry, which Is large. includes $4,000 10
10000 tons for export and $4,000 tons
OF an inch rounds for high explosive
shells. Shrapnel and bars havs only he
gun to figure In the export returns.
Some structural Jobs long in the air
are now coming TO the f~abricators. For
a Pennsylvania freight station at Chi.
cage 10000 tons has been let to the
McClintic-M Marshall Company and 5,400
tons for the Burlington bridge AZ Kan
sas City. The American Bridge Com
va-., a.. tn., hlIInr 49, Oh nnn ta.. gAr
the ST. Louis bridge approach. on which
deliveries run TO July /. 1916. That the
building OF new manufacturing capacity
does not wait on the full employment =
what exists is seen IN the $500 and
1000 ton steel contracts for additions -
two tin plate plants in the middle West
The Fore River Shipbuildlng Company
will build new shops requiring 1000 tons
OF shapes.
Railroad contracts for track far'sr-
ings for the second half will he % good
size.
with spelter at 81 to 30 ce...
against 20 cents a fortnight ago. jE...
OF galvanized sheets are being rtI.
tusted and $50 cents Is now askcI
No. rs. Consumers are not r'I .-.'.'
however. and sheet mills look rr' 10
large buying until the spcl;or s'tuI'
Is clearer. Black sheets also 80
from active. Two or three ohio f|
have gone 81 TO 81 below tn, p. ..
level on blue annealed in the comic'fu
due TO the shutting up of calvl''4 rr
plants.
Tin plate mills are coming into h.''.~
operating conditions, thanks largely ~
demand from abroad. A new iugu OF,
from France is for 40. 900 boxes.
Eastern shipyards are coming 'r''
the market for large plate requirener's
for the first half OF 1916"
Tho Iron Trade Rertep says "EN-
tremely heavy shipments OF finished
materials. blowing in OF more blast .ur.
naces and increasing activity OF many
plants testify 10 decided .~mprovemAr'
in business. Some Of the most I'm
portant makers Of steel bars are now
sold up for larger sizes OF rounds So
that they cannot guarantee delivery In
less than four or Ave months. This con-
dit!on Is due to large volume OF orders
for shell steel.
Machinery market is flooded with IN
quir'es for lathes and other ~equipmen.
for manufacture OF war munitions, and
companies throughout the country er.
investigating possibility OF utilizing
their plants for manufacture OF shrap-
mel and high explosive shells and ar.
meeting with much disappointment on
account OF impossibility of getting
necessary equipment for early delivery
because manufacturers OF this mRch.r'
cry are booked ahead for several months
and in some cases have sold part o.
their next years production"