The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-03-22
PIG IRON HIGHER;
BUYING is ACTIVE
RAILROADS Now Actively In Market For
Rails For 1917 Shipment

NEW YORK. March 2l.-The Baltl.
more a Ohio railroad has awarded with
Z Independent fabricators contracts for
i've bridge spans calling for I 400 tons
~ fabricated structural steel Bids
nave been submitted on about 500 tons
additional for railroad bridges In the
Erf'ern territory. and contracts are
expected 10 be awarded during the cur
cent week. Tenders were also made
on other structural work TO railroads
In the central West. calling FOR about
1000 tons. In the aggregate nearly
5000 tons OF bridge and railroad struc-
tural work is under negotiation. but
considerable time Is being lost in maxi
ing decisions. In the meantime the
market Is hardening and prices are adj
sancing.
The Eastern Malleable syndicate has
placed n contract for 5000 tons of mall
lsffole bessemer iron with a northern
New York State furnace Tor delivery
before October / OF this year Moore
Bros. who have been IN the market for
LOO tons OF maileable bcSScmcr. arc
Understood 20 have closed for delivery
over the last half OF this year. Nalle-
able founders in the central West have
placed additional contracts with Buf-
falo furnaces. amounting TO S,Nt raj
thousand tons. while further West some
taFEt iOunotrS engaged ON railroad
work are understood 10 have placed
heavy contracts Tor pig iron IN the Chi
cago territory.
Ghe Virginia Iron coal and COX. COM
pany has advanced prices on foundry
pig iron soc ton. 10 $3.50. FOR No. 2N
quarters Of this year II has advanced
.gices 81 a ton. to $40. for shipment
over the fourth quarter OF this year.
In addition 10 the $4,000 tons OF pig
iron taken by Virginia pipe works in
The last week. there have been numerous
small sales to other interests. amount
ing 10 about 10000 To 1000 tons. which
doubtless prompted action on prices.
Several blast furnaces In the Lehigh
and SchuykiH valley have advanced
prices of pig iron soc per ton. and quite
q number Of fair sized contracts Of
foundry grades have been placed ON the
for this years delivery. ono furnace as
already noted. is asking s2i. and s'iu
another Is selling nj $50 5u for 40. ~
In TINS immediate territory sales Of
several thousand tons of foundry grades
Here reported yesterday. and about
delivery. Inquiries are in the market
Tor between 5000 tp 10000 tons OF
foundry grades.
I'm tho New England territory. ont
slde OF Connecticut. sales of about 5000
tons or misce'laneor, lots h3v. been
made in th. last few DAYS mainly FOR
shipment during tho second half az mis-
wear rnd iu few instances rrfrnfr.-
into 1917. Most ~ this bushes won't
90 eastern and central Peuu~ylvaniI
furnaces. but Oh" largest saIss iu
NlassachuSetts We're mad. tv Buffalo
selling interests. The Whiting Nf4-Ufr.
oxpauy is reported 90 be ir tho mar
keN Tor round tonnage Of fl1ud-v
IRON. There ar" Two other N..-l. f.rf-
S'tts inquiries making q total Of IN. 600
. tons under negotiation.
Agricultural interests BOO Oh. y-g4f
nave ceased buying wire fencing iY tho
lhsi week or ton days hsruu-a Dr tr.
ligh prices prevailing Tn ccu~sl4arrs
i.ls branch OF th" American Steel ar.f
Wire Company business rlS rarr...-...1
ABOUT 20 IDr cent. Ntuuf.rfurtrs Inc
forests. however. consuming win. ..-.-
'I't~ are actively nd urgently iu fNa
market 70 secure positions auH tho e.. rrs
are sun finding i- d.fficu1r problem
- make incomplete shipments ON cur-
tracts ana Keep Cpu-I .r. satisfied
DE volume of business bsir- ftEer Iy
lh' wire man iHofursrr generally shows
no. rtrrcl-e BOO volume. orders Iule.f
N'IHS sun Tar .u excess OF capacity.