New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1916-10-12
FINANCIAL NEWS

remainder to the Scandinavian coun1
tries, to Greece and to Switzerland.
A considerable number of domestic
foundries are still unprovided for, and
charcoal iron is UP 81 in Chicago and
No. 2 foundry 75cy in the Cleveland
district. Southern iron is competing
in some markets at $14y50. Birming1
ham, has not entirely Disappeared
Ohio points close to blast furnaces
have bought Southern iron atsun adj
vantage and for the first Tins Ii
some years.
The straining to celebrate the Lakt
movement of ore has gone to the pofn(
of making definite plans for keeping
boats in service as far into Decembei
as possible. Ore on Lake Erie docks
on October 1 amounted to 7,230,00q
gross tons or only $4,000 tons les
than a year ago, but the dock balance
was increased because of car shortgeN
Boats are sometimes held twenty-fou
and forty-eight hours awaiting car
and some may be delayed for tire,
full days on this account.
The look in the ore situation 1
now ahead to next year. Stock piles
blast furnaces if not at lower lax,
ports may in the spring remind on
of laboratory samples if the presen
rate of mining and importing abou
nine and one-quarter tons of ore t
every ten tons smelted is maintained.
Estimates persist that contract vesse
rates may be on the basis of 81 pc
ton next year The amount of or
will of course depend on the boat ca
pacity obtainable All of the lax
shipbuilding space for craft of an
size has been pre-empted for 191
and mostly for ocean-going ships
One small fleet of IL, 000-ton boats
under option for sale at IL time
their cost.
Automobile manufacturers ar
seeking to cover with eastern mill
for $4,000 tons Of bars for the frs
half. Meanwhile the leading indepenN
dent steel mill in the Middle West ha
withdrawn from the market on all tt
products, as its entire output of semi
finished steel for the first half ha
been sold including new capacity no
yet completed.
Billets are so scarce that small
ingots are bought from steel castin
plants to be turned into shall rounds
AS high as $50 per ton has beef
quoted on soft Bessemer biIlets and
SuSeC DdTS. MSdHWn1l6 nOIQ6TS o
contracts for shells for our own gov
eminent are sounding the market 70
steel.
Tin plate for the first half of mex
year has been put at Sc per box by
number of mills and the leading in
terest following it's allotment of out
put of sheets and tin plate, will max
its announcement tomorrow. Besse
mer black sheets are common1
quoted aat 3.25c., Pittsburgh, for tn
first half, although $3.50, has no
disappeared. On blue annea1ed sheet
for the same delivery, 3.25c. Is ais
expected.
It Is estimated that no less thai
fifty ships are under inquiry at AT
lantic shipyards. Three more ship
have been put under contract al
Seattle and 10000 tons Of plates 70
them has been bought for delivery Il
the first quarter Of 1918. Grea
Britain is asking for $4,000 tons
plates besides $1,000 tons of shapes
blooms and bilIets. Japan has PAL
&C. for relatively early shipment o
5000 tons Of plates. The Victoria
government, Australia, vents 400
tons.
One interesting foreign inquiry
for 46, 900 feet of "a to "a in. pipe 70
Greece, and an offer for 10000 ton
of rerolling billets has come from
Sweden.