New Britain herald., 1916-06-23
STEEL TRADE QUIE'
 PRICES STILL Ell
More Metal for Early ShipmeT
 Now Available
The Iron Age this week says:

n6 ITOh ABS IIllS "SSh SS1y D.
 The steel trade is quieter, bud Quietness is not undermining p} Only recently competitive biddin| foreign and domestic buyers was | ing prices up steadily; now the d is reached when export demand more consequence than that at h|
 The fact that more steel in eel forms is available for early nhipi is attracting attention. Therd some reselling of structural stoel| fabricators who bought speculad in part. Added to this are offe] of Bessemer bars and shapes of Pittsburgh for early delivery, and of rejected intuition steel in the of ingots, billets and bars. Al same time the falling off in neI quiry has restricted the market steel at premium prices.
 These minor developments
 the main situation unchanged in outlook for full operation for I months. Of most interest in the| few months will be the gradual proach of contract and prompt d cry prices.
 Some new contracts for war ings have been made, including 900 9.2-in. and 10000 12-in. sl representing together about 2I tons of steel. Some of the snI munitions contracts are runninj and more are to be placed at l| prices, but the bulk of the steel such work has been covered for year.
 If Bessemer steel is taken, tho deliveries wanted on the second of the 350,000 tons of rails Rl set out to buy can be had. \ stiff prices were realized on the of this business already placed another week the extent of Rus barb wire orders will probablyI known.
 There is some interest in offe| of Bessemer universal plates at I to Sc. for delivery in 60 days, bu| open-hearth plates for such deli 3.50c. appears to be the minirl with 4c. still commonly asked. plate mills are counting much orl effect of the naval program forI coming year. If two dreadnaIl are included, as now indicated, a of 150,000 tons of plates and shl would be required and most would probably be bought In the six months. A new Japanese ind is for 10000 tons of plates.
 Deadlock Over Contracts.
 The deadlock between impled makers and bar mills over conti for the first half of 1917 is stili Of no little concern to smaller plement companies is the very servative attitude of their larger d petitors toward advances on products.
 Tn the pig-iron market interest," centers in Italy's buying of Bessd iron. An eastern Pennsylvania mace company has taken 30,000 and 8 Mahoning Valley producer 900 tons. For early shipment high as $21.5o at Valley furnace| been paid for export Bessemer At Pittsburgh a large steel inti recently bought 10000 tons of N iron at close to SIS. Another 10{ ton sale was made and a 10,00q inquiry Is up.
 Southern resale pig iron conti1 to depress that market. To N July storage charges and intel holders of warrants are making gi tractive offers, some of them hl $13.50. Furnaces have sold at $ a for second half and that price been named on first half busij Consumers are little interested in ward contracts. Buying of 21 tons of foundry iron by three EaI interests brought out concessions Buffalo resale iron of 1.75 silicon J below $17.50 at furnace.
 The Mesaba range iron miners sd came to little. On the duestioI ability to get down enough Lake there have been exaggerated
 reports. Record shipments arc \, made and alarm is at least pren,a
 The weeks declines in metal p1 have been general and some of u