The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-01-18
GREATER INTEREST
BY THE RAILROADS
stronger and More Confident Tone In
The Iron Trade with Prices On Up
GRADE

NEW YORK. January 1.-THE buy
Ing OF rolled steel products last week
resulted in the development OF a strong
er and even q more confident tone. with
the tendency OF prices still upward. The
latest advances have been in wrought
iron and steel pipe. Aside from the
sreater interest shown by the railroads
IN equipment. attention was largely CEN
teted IN export inquiries. although the
latter failed To- develop any very large
volume Of business. The most interesting
foreign inquiry Is for eleven bridges CALI
ing Tor $1,000 tons OF structural steel
Tor the Delhi and Dutch East india Rail-
way Company for shipment to the Dutch
f~tat indies. other export inquiries out
side OF round steel bars FOR war muni-
lions were plates. shapes and miscella
nsous forms Tor export to Australia. In
ei.i' thlna ana south America some ad-
dltional large orders for tin plate are un-
1erstood 10 have been placed for ship
ment into the Far East but at substan-
tlaI premiums over the prices current
Tor domestic shipment
Domestic manufacturers came into the
market urgently for wire bars and some
contracts calling for about l5.UOo toms
were placed for delivery into New Eng
land during the second quarter of the
year. The railroad equipment orders
placed last week called for 100. 600 tons
OF steel only a portion of which has been
obtained from the steel mills
me fabricating shops reported con-
tracts closed for about $1,000 tons OF
steer Shapes. but an equal tonnage was
pected to be closed before Inc end ~
the month. Outside OF railroad work the
principal individual contracts placed
were for the Book Building at I,etroit
calling for LOO tons. for transmission
lowers Tor shipment 70 the Pacific
o 81 H. 800 tons. and for Elant extension
tons. As noted during the week the
bridge Builders Society reported fsbrl-
Gated contrasts taSer In December equiv
aren't 10 III per cent. of the total ca
Iacity OF the fabricating shops OF the
sales OF merchant pig iron during the
week are estimated at 100. 600 tons. OF
winch about half was sold in the terri
1T8ry east OF the Allegheny Mountains.
ported TO have been aggressively in the
market FOR shipment over the second
1 si OF 1910 resulting In sales OF No. ?
Ioundry al us at furnace, although the
range continues from SIS to $40 at The
furnace. some large steel making con-
ing in the central West. one lot OF
lV.ovv tons OF basic was sold for deliv-
cry at Granite city. III.
Las; week three factors conspired n
NECK the movement TO establish record
ngeaSHihs prices for copper. The report
output OF refined copper in 1918 TO have
bcsn the heaviest in the history OF the
industry. the attitude of the Rritish co..
tIhnent toward the purchases OF metal
ana the embargoes on freight Shipments
INTO New England We're the three potent
Production OF refined copper last year
. according TO the Government RETURNS
vas approximately 1.647.OOO .OOO pounds
ana the total supply Of refined conner
available was 1870 900 900 bounds Tbis
enormous quantity was offset BY export !
+ n, oyV,Vvy,VVV pounds and domestic de-
, HNerles OF s'o,OOO,OO0 pounds the latter
estimated. exceeding all previous deliver
les on home account. because OF the uro-
auction Of war munitions which vVere -
viii De exported. There Is reason 10 no
HeNe that full export returns have NOT
YET been received. Probably so 600 600
bounds viii have TO be added to the 10
tal deliveries into consumptive channels
domestic ana foreign. OF 800 600 600
OVo'oVo pounds on January /. 1916.