The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-23
THE E MARKET.
shipbuildins Interests Are Placins
Heavy Contracts.

The railroads and shipbuilding inter-
ests have placed heavy contracts for
rolled steel In the last two days and
similar large contracts are expected TO
be closed this week for delivery over
the first and second quarters Of 1917.
Rail contracts placed since March ! have
aggregated 10000 tons and 400, 900 tons
more are pending. Details are noted
elsewhere. Prospective car contracts In
domestic and foreign accounts will re-
quire $4,000 tons of steel bars. plates
n shapes. but steel mills are giving
slight attention to export contracts tenn
porarily. Shipbuildefs nave placed con-
tracts for $50 900 tons Of plates and
shapes for delivery over first half Of
1917.
Tin plate is strong with current bust
ness commanding $3.50 per base box.
which Is within 81 per ton Of the highest
price ever recorded. Large export sales
are reported TO have been made at s4.3j
to 34.45 per box. Hoops arc higher with
few sellers now under $2.75. AL advance
Of IS per ton over sales made about
a wces ago. Shell bars command 4iac.
to &c. per pound.
The Fore River Shipbu,lding Company
has secured contracts for three more
boats requiring about 1000 tons of steel
plates and shapes. One ship of $4,000
tons burden is for the j. i. Luckenbach
Company. making the nth boat ordered
for this feet. The two others are tank
ships for the Mexican Petroleum. Com
pany. each 5000 ton burden.
Pig iron continues strong. with more
heavy sales IN the West. The Eastern
marke; Is less active. but several CON
tracts for 5000 to 10000 ions basic and
foundry grades are under negotiation
The iron Age says; While the railroad,
are looking ahead and there 1. heavy forward
buyine tor vessel work, 10 less than N'9''
tons. chiefly plates and shapes, hsNlns beeii
taken for that purpots IN the last Week, ihere
are .isns that no, al msnufactu r'is hu'ers
At Pittshiirg while there Is 10 Lest scranh!'nE
Tor early shipments some manuisrfur.i .
and take a chsnc. on the market OF Elk 20
nine months hence How Gar the di-russion
Of peav reports has to do with TINS attitude
t. all conjecture
Various adv snces ia prico have come III tho
week. and more are looked 'or iucreasius
ouyer.. dilemma iue 90 the d'spa-t, between
must br paid IN new rontrir'. Col rolled
STRIP steel ~ : ton hi.:her. 'kelr W.
aec per base box TO So
More Il. heard OF building SLAMS lad ls.dr
or mod ned so as 20 Use concr,'e. But a good
deal of steel wnrW Is b-irs gwen out 'or
which steel is hgurei on = sue. ba.s by
iaortca;ors covered BE- coniia,1. Some ~,
prices. one New Jersey project IN tins cate
cory calling for 90 tons AMI ~ -. Louis
for 7,no tons OF plates.
Amer three weeks 0, act Y. ouy,ns III. pig
iron movement has fspe-sd off The market
has worked IN an average of &c. 10 81 ~
the operation, and . good many furnaces ~,
now sold for six or ~vsu month aheAa
March transactions ~ the chicago G.s:rlS
have reached n total teyonG 5000 tons.
AZ Pttshurs = loo ton contri-' fol
foundry AMI ma lesble iron has teen closed
deliveries frori Jauusr, to Deronibsr. .J-.
a Hnr~AV A.. So &c.,
AZ. willing 10 .e!l for deliveries even -.sri
inE INTO next year