The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
HUGE DEMAND TO SEND
STEEL PRICES HIGHER
Supply Inadequate to Meet
Consumers Needs-Ships
for Standard OIL.

Tho October statement Of the United
States Steel Corporation. issued yes
terday. verifes the reports or the
extraordinary conditions that rave been
chronicled from day to day and week
to week. The most startling fact Ii
that Notwithstanding the enormous out
put-never so great-the supply OF
crude steel Is inadequate to meet the
demand OF consumers. This means that
under the continuation Of present con-
ditions prices must further advance.
Efforts are being made to allay excite
and prevent what may be termed
d runaway market. but when steel COM
panies name a omit price for rolled
steel and refuse to TAXI any contracts
consumers become urgent the real
market Is forced to IA much higher level.
as IL is to-day. The details OF the
October statement Of the corporation are
given elsewhere. but 4, will bear repeti-
ton that the contracts booked exceeded
the shipments by s47.s3& tons. The
untitled tonnage OIL October 81 vas
G,16J,45e. which Is the heaviest
since May. 1913. the maximum un-
hlled tonnags was reached on Deem
Der 81. 1906. when s.4S9.11s tons were
carried. Apparently, with the continu-
alton OF present pressure. "a new maxi
mum OF untitled tonnage may be made
within a few months.
The Central railroad of New Jersey
yesterday adopted a new policy In re-
ccivlng tenders for bridge work. Here
,ofore the lettings have been open. but
yesterday the directors in%augurated a
policy OF secrecy when bids on bridge
work calling for about 600 tons of steel
were taken. The Baltimore and Ohio
railroad award of a general contract for
pier sheds at Pier u Is awaited with
considerable interest by fabricatinx
shops that are seeking 10 secure the
steel required In construction. The
Baltimore and Ohio Railroad has also
taken bids on 700 tons of bridgework
ana Is In the market for about 1,lUO tons
additional. Bids are being asked on
the construction OF a Buffalo city hos
pital, calling for 500 tons OF steel. and
Tor u power house for the Central Heat.
ing. Lighting and Power Company of
Washington, Il. e.
August Heckscher has placed a con-
tract for another lof. building. TO he
constructed at Thirty eighth street and
Madison avenue, with the bethlehem
steel Company. calling for 1880 tons OF
structural shapes. The other Hecksner
building ~ being constructed at Forty
second street n Madison avenue. the
steel for which IL also being furnished
by the South Bethlehem mill. The Con-
solidated Kansas City Smelling and Re-
inning Company has placed u contract
Tor $3.50 tons Of fabricated structural
steel for n smelter Hue with an inde-
pendent fabricatinY shop.
Much interest was displayed yseter-
day by the manufacturers Of iron cast
ings In the tunnel to be constructed
under the East River between Four
teenth street. Manhattan, and Seventh
street. Brooklyn. Formal action was de-
layed Tuesday. but bids will he adver-
tised FOR to-day. In the absence of
definite Information Il IL difficult to
make a fair estimate Of the tonnage of
iron and steel that will be required.
However. some of the large manufac-
turers OF iron castings have already en-
tered the market to secure protection
on pig iron hat MAJ be needed. 1t is
now indicated that a relatively small
tonnage OF structural steel will be used.
Contractors are already making active
preparations TO secure the data neces-
AIRY to make tenders on December &.
Industrial conditions to-day ar. so radi-
u.s. "a W VIA Wv WV ~ ~
tenders were taken on the East River
tunnel. now under construction. that
bids on the iron and steel work are
likely to run very much higher. II Will
be recalled the Booth x Flynn and
O'Rourke Engineering Company, the gem
eral contractors. secured iron castings
as low as s27.75 per ton. which was the
lowest price of record for such mate
rial. However. two additional contracts
xx+.,.a ,,ta,.l fpr Sapmanta and SpnriAl
, work. running over $40 per ton. The
segment contracts were secured by the
New York car Wheel Company. the
Wheeling Mold and Foundry Company
and Davis q Thomas. The pig iron
was purchased from Buffalo and fur
naces In the Central West, amounting to
nearly $4,000 tons.
There is a fair demand for ferro man
ganese, with another sale yesterday OF
about 100 tons Of the English alloy at
500 ex. ship Baltimore. for shipment
| over the balance OF this year, Several
| other similar sales nave been made by
| the same interests in the last few days
amounting to 400 to 500 tons. Reports
persist that second hands are reselline
ferro manganese as low as $50. but
| local interests find no difficulty in max
ing sales at 500 q ton. A few lots OF
nave arrived this month
from Great Britain n other cargoei
ure in transit.
The Chester Shipbuilding Company
Chester, Pa. IL reported to have taken q
contract for two Norwegian vessels ant
two large ship hulls, The Standard OF
Company has placed "a contract for Y
tank steamship with Newport Newt
Shipbuilding and Dry Dock Company. a,
well as for four ships previously re
ported. which are to be built by thu
Maryland Steel Company and the Ia
Ian and Hollingsworth Corporation
Ship yards have placed additional con
tracts for about $4,000 tons OF shiI
plates with eastern Pennsylvania mill
for next years delivery. For promp
shipment steel plates are reported t