The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-29
PIG IRON SUFFERS IN
SELLING CAMPAIGN
Erroneous Belief That Prices
Were Sent Higher-MOre
Orders Placed.

- " hAHoWu tIht Ut tl0 ~
Bressive selling campaign Of lake fur.
naces this week prices OF pig iron. more
especially Of foundry grades. have suf-
although the general impression
was that higher prices were obtained
FOR delivery during tho fourth quarter
Of this year and over the first quarter
Of 1917. Several large consuming in
were encouraged to place con
tracts by the concessions offered for
round tonnagee. Word comes from Chi
cago that manufacturers Of agricultural
Implements bought literally for export
10 Canada. These interests placed large
for United States delivery "a
or 50 ago. Yesterday additional
orders for about $1,000 tons OF foundry
grades anne to the surface. making the
total tonnage taken by Buffalo furnaces
since Monday about $4,000 tons. New
that came out In this territory
In the last two days include ten lots OF
500 tons each. half OF which Ia for de-
livery during the latter part Of this
year n the other half for shipment
over the first quarter OF 1917. On the
current movement sales OF No. . foundry
have been made at $3.50 Buffalo and
less. even for deliveries extending be-
yond the first OF next January.
No important contracts for either steel
making or foundry iron for export have
developed from the recent heavy in
quiries. Those In closest touch with the
situation declare that there Is 10 prob
ability Of sales of foundry iron being
made for shipment TO Glasgow. n the
lack of bottoms IL "A barrier against the
bessemer iron for shipment 10 either
France or Italy.
Steel companies in this country are
less concerned about the supply OF ferro-
manganese and other alloys used to
turn iron into steel than they were a
month ago. although prices continue
high for the alloys manufactured abroad.
Small lots Of resale English ferroman-
eanese. II Is reported. are offered at $500
ex ship Baltimore for prompt shipment
and English makers are offering to sell
May shipment. which will probably make
June delivery here. NJ $500 a ton sea-
board. There are also offerings for
fourth quarter delivery at $500 a ton.
while shipments over the first half Of
1917 are still available at Sl75 n ton
seaboard. Domestic ferromanganese is
easier. and It is reported that conces-
s!ons have been offered for shipment
over the second half OF this year. the
prices ranging from $50 to SIS under
the asking price Of foreign ferroman-
ganese. Spiegeleisen is also easier and
consequently there Is less anxiety among
reported TO have been made at si67 a
ton. on the other hand. ferrosilicon ,s
stronger. with holders asking AN ad
vance NJ 81 a ton. some sales Of 20
per cent. have been made ~ ssS and SIS
a ton for shipment over the second half
OF his e
Rail mills reported supplementary
orders yesterday i"r standard and me-
dunn section rails a~ggregating $4,000
to 10000 tons. Orders for about 1000
ions came from trolley lines. II is
understood that the New York Munici.
pal Railways Corporation has decided
not to purchase contract rails at this
time because of the higher prices de-
manded for 100 pound sections.
The New Haven Railroad has placed
several small orders for bridges wit an
independent fsbr!cator. The P~cnusylva.
mia Railroad and i.ehigh Valley Rail.
road are still taking bids on an aggre-
gate OF about $500 ton of bridge work
Other Eastern railroads are reported "a
be preparing specifications for bridges
which will require several thousand tons
of steel. In fact there are intimations
that important tonnaRes will be devel'
oped In the near future. The Missouri
Pacific Railroad has placed an order
for turntables calling for 40 tons o'
steel with the American Bridge Com.
pany.
The southern Railway has placed AL
! iitional contracts for $50. freight car.
with The Lenoir car Works and for fv,
additional Santa Fe type locomotives e
b. built AZ the Baldwin works. The car,
will require about; $1,000 tons of steel
The contract includes 1000 box cars. 500
| automobile cars and 100 caboosc cars
The same road has put out inquiries foI
| three more can for passenger service
In the recent order placed for passengel
ears thirteen were ordered for IN,
two for the Cincinnati, New Orleans ant
Texas Pacific.
The recent contract for $1,000 tons q
/ standard section rails placed by tn,
| Philadelphia and Reading Railroad wa
divided among the Bethlehem. the Car
regie. the Lackawanna and the Penn
sylvania Steel companies.
The Butte, Anaconda and PacIG, Rail
road has ordered six electric locomo
tives from the General Electric Com
pany, The Missouri Pacific has ordere,
fourteen additional locomotives OF SAINT.
Fe type from the American Locomotiv
Company.
The American Bridge Company vii
furnish between $1,000 and $4,000 ton
- fahrt.ataA ssYttSffra1 gfaet fny th
building of the elevated extension to III
Pelham Bay Park branch OF tho Iexins
ton avenue subway. for which Lawrenc
c. Manuel a finally been awarded tn
general contract.
Tho Belmont Bridge Company vi
ifabrlcate about 5000 tons of structure
steel shapes for the crane runways an
shop buildings to he constructed at Ches
ter, Ia. for the Sur Shipbuilding Com
pany. The plans that have been pre-
pared call for the construction OF nv
sh!pways. each III feet In width tw
shops. each so feet wide by $50 feet Ions
and a third shop 30 feet wide and 80
feet long. Contracts for Ave large shi
cranes TO command the sh!pways ar
now under negotiation. u well as cor
tracts for fifteen small travelling crane
to he installed in the shops. The Su
l~Shipbuilding Company Is identified wit
interests connected with the Sun o
Company. Prominent in the compan
are state Senator Sproul, who lives q
Chester. and ]. X. Pew. who IL active !
the management Of the oil refining plan
According to reports from Chester n
bodybuilding plant will have a capacit
to build boats up to $1,000 tons. tn
company is expected to secure contract