Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1916-10-12
PRICE LEVELS
CLEARING UP
Railroad Buying Mounting;
U-Boat's Operations Hold Up
Iron Shipments

A movement of iron and steel to-
ward high price levels is clearer than
in any Of the last few weeks, says the
Iron Age to-day. In so many lines
will 1916 business crowd the first
quarter that 1917 necessities of some
manufacturing consumers are threat
ened with curtailment. Much of the
buying of the week has shown con-
fidence in the duration of present con-
ditions, and on the one hand are the
bewildering volume of, sales of pig
iron for export and the continued de-
luge of requests for shipbuilding mate
rial, and on <he other hand meetings
of sales managers have been held to
portion as best they can what per-
centage Of product they can give to
different territories.
In summarizing the Iron Age to-
day says;
appears that all of 100000 tons Of
rails has been closed for first quarter
of 1918 shipment, presumably to in
sure deliveries. Among the roads
may be included the Burlington, the
Nickel Plate and the ST. Louis & San
Francisco. Over $500 cars have
been bought and the Chicago market
Ilds lldCISo u supply lUU,-
600 tons of the material mostly at
2.70c., Pittsburgh basis, for shapes
Sc. for plates and s.10c for axles. The
collective demands of the roads for
structural steel for buildings and
bridges exceed 10000 tonse in fresh
projects and over 100 locomotives are
under consideration. In face Of an
ern roads have booked round ton
nages of tie-plates. The Pennsylvania
has bought 10000 kegs of spikes dis
tributed among three makers and the
Baltimore & Ohio is in the market
for 1917 requirements, Selling at 81
per ton less than steel bars an early
advance in spikes is incidentally con-
sidered likely.
After the burst of buying of pig
iron in late September and early Oc-
tober, it is not surprising that the
volume is diminishing somewhat. 1t
has. forced further price advances of
soc. and more per ton in all grades.
Pittsburgh reports the sale of 10000
to 10000 tons of basic and Bessemer
of foundry iron at 81 higher than last
week. The scarcity of steel-making
irons has brought the products of
Southern Ohio and Bugalo furnaces
into the Pittsburgh district.
The increase in ocean freight rates
resulting from the activities of the
German submarine at our Atlantic
coast has held up shipments, esti-
mated at 100000 tons. mostly South
ern iron. As regards the tremendous
export movement 100000 tons is put
down as last weeks contribution, in
Guiding 10000 tons of standard Bes-
semer for Great Britain. Foundry
iron has been sold to neutral Eu-
ropean countries to the extent of 2o,-
900 tons, half for the Netherlands
and the remainder to the Scandinavian
countries, to Greece and to Switzer-
land.
To Talk at Rally. The Rev. DR..
Robert J. Paterson, known as Catch
Patrick and the Snakes" at the DRY
America" rally in the United Breth-
rem church Sunday afternoon at $3.50
o'clock.
Democrats to Meet. - The open
meeting of the local Democratic COM
mitteemen in A. o. II. Hall tomorrow
evening will be addressed by Lewis N.
Neifer and Edward Moeslein, of Har-
risburg.
To Observe Rally Day.-Rally Day
will be observed in the Church of God
Sunday school, Sunday afternoon at 2
o'clock. Superintendent L. 2. Nc
Chimes will speak. Several vocalists
of the Fourth Street Church of God
of Harrisburg. will assist in the pro-
gram.
Glass to Meet. - A meeting of Mrs.
Steese's class of the First Methodist
Sunday school will be neId at the
home of Mrs. Harry Givens, North
Front street tonight.
Observe Columbus Day. Steelton
Lodge. No. 224 will observe Columbus
Day tonight swith large ball at
Creation hall, South Second and
Washington streets. Michael Carzullo,
president of the lodge and A. Branca,
grand consul of the State organiza-
ton, will speak on the life of Column
bus, prior to the dance.
TUPTANOSKH FUNERAL TO-DAY
Funeral services for Frank Tuptan-
oski who died at the HARRISBURG hos