The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-03-30
HIGHER PRICE FOR
STRUCTURAL STEEL
SontfaeN at SCI n Ton Not For Ma
teHai Erected, But For Metal
Delivered,

NV YORK. March 29.-t-nusual In
st.tst vas created in the local building
nnr,a yesterday by persistent re
structural steel had been taken at So a
teh erected 10 develops. however. that
a ton. we're FOR r. o. o. ana moi cr ~ 80
me contract FOR the Peter ". Kou~s
building 10 be constructed on ,sre,'t-
sFeet. calling for i.6OU tons OF Stee
has been placed with Lowering q car
rls3es. The steel work. II is understood
contracts referred 10 were at 500 and
40 a ton {. .. b. and cover about 500
IONS IONS Of steel including one lot OF goo
tons Tor loft building. details %
"hlch are sull withheld.
The advance in the price OF plain
sttuc ural shapes TO 2f5 cents a pound
r. %. b. mill Pittsburgh by the Carnegie
steel company at the ''convenicnce ~
lne interesting fact that mill Conve-
hi.hee Tor TINS company means delivery
curing the second and third quarters OF
1917 some OF the smaller independent
structural mills state that convenience
on me mili with them means delivery
IuIIhe the summer as orders are in
hand which viii keep the mills busy for
ABOUT FOUR months. This ~ said TO be
fue OF the Bethlehem steel Company
The Eastern Steel Company. however is
making no prices under three cents for
pam Shapes either FOR prompt or late
delivery. Other Eastern structural nils
are quoting between ga and 3 cents A
pound Tor shipment at the convenience
shipment are made between } and az
cents "a pound. The warehouse price OF
M CSrnegie steel Company. while not
"Hlcially changed from the 3.1U cents
base for shapes, is said TO be- "A dead
letter because Of the virtual exhaustion
OF supplies at Mavcrly and the almost
inposSinlhtN OF replenishing stocks
from Pittsburgh.
Tho Chesapeake and OHIO continues 20
delay the award OF the contract for ar
fIoa'h,s 10 thS ONO river bridge at
as structural steel prices have advanced
submitted. and The bridge builders may
cepted.
Some OF the independent manufac-
turers Of steel rails are much ptrturbed
because OF the decision OF the United
states steel Corporation TO make no
rails. IL Is pointed out that the adj
vance IN the price OF fcrrumanganese
alone adds sS.ZS a ton 10 the cost OF
with the period when ferrOmanranese
SOLD al $50 ton The comparison -
made with fcrro contracts placed at
$500 ton recently for relatively early
shipment. II IS said that some OF tho
independent steel companies are not full
y covered on manganese ore and cous,-
Quently must pay high prices I'm the
open market. which means a sharp re-
- TO $50 a ton. This calculation il
based upon the manufacture OF rails re-
curing , per cent manganese.
Since the Bethlehem steel Company
secured control 81 the Cambria. Penn
sy!vania and Mary land properties one
blast furnace at Spsrrows Point has
been put on the manufacture OF ferro-
manganese from brazilian ores for the
Cambria steel Company. The I.ack4-
wanna steel Company. IL Is said. Is not
well provided with manganese FAR into
the futurce. Ia fact. with the exception
Of the fenusylVaula Steel Company most
OF the independent manufacturers 81
rails are facing a serious situatiOa -
cause or an inadequate supply OF rcrID-
manganese. The United states steel
Corporation. however. is well proviIsd
with ore for the manufacture or ferro
alloys.
Tho southern Pacific Railroad has
closed with the Tennessee Coal. Iron and
4 Railroad Company Tor $500 tons ~
standard section rails for 1917 delivery
/ This Is $500 tons ia excess or the ton =
mage previously reported 10 have been
taken by the Ensley mill. making tho
total rail purchases ~ the Southern Pa
ctfic $1,000 tons. But u ~ understood
that "A large tonnage IL sim under neg,-
tauon. some OF which IS for delivery
ln 1913. Several other rail contracts
have been closed In the central West
for 1917 shipment