The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-17
IRON AND STEEL MARKETS.
n. v. Central Buying steel fOs
New Mercantile %Buildtng.

The Bridge Builders Society. az noted
yesterday. reported contracts for fabri-
Gated structural steel in January
amounting to $4,000 tons. which is
equivalent 20 50 per cent. OF total shop
capacity. II IL understood that more
than 40 per cent. of this total was taken
by the American Bridge Company.
Although the January sales were the
smallest since September last. they
were unexpectedly large. In January
last year the fabricated contracts
amounted 10 $1,000 tons. Of which 10000
tons were placed by the railroads. Last
month the railroad bridge orders
amounted to less thar Ia,00o tons. In
January. 1914. fabricated orders
amounted TO l07.e6o tons. which is
equivalent 20 CO Per cent. OF total shop
capacity.
The New York Central Railvoad Conn
pany has recently taken bids on about
500 o n Of steel for "a sub-structure TO
q mercantile building 10 he constructed
in the Grand Central area, but IL is
understood that the steel will probably he
purchased by the contractor having the
order to construct the superstructure.
Contracts for steel building work were
placed yesterday calling for about 2.2o0
tons OF structural shapss. These have
been noticed specifically elsewhere. with
the exception Of 500 tons for the East
Pennsylvania Institute ~ Feeble Minded.
which will be fabricated by the Pennsyl-
vania Steel and Iron Company.
Railroads have placed additional con-
tracts FOR standard section rails calling
for 20. 200 tons. a. already noted. and
10000 tons additional are under negotiI-
ton. including 81 .0oo o n for the Texas
Pacific. which may be placed with an In
dependent mill. . Something, however,
will depend upon reign rates. ilercto-
fore rails for this road have been rolled
by the Tennessee Coal and Iron Railway
Company, which is now oversold for
months.
Corporation subsidiaries have orly s."o.'S
tons steel for 1915 delivery unsoid Agricil
iural supplement- manufacturers have reserved
mill rolling space Tor bars for shipment over
the year beginning mex iuly, which means
prospective control for zoo" tons OF more
for the mills. -,
pri0s on ali sizes one point. or 5! per ton.
Black And galvanized llr pipe also ha. been
higher, Iron rtpe and boiler ,u,~- are IN
line Tor another rise The American Steel
and Iron Company viii MAKE no quotations
on wire ends, but Other ware companies ask
The Iron Age says with further price adj
irAwals and postpon.m.ut ~ new steel taking
projects occur. but they arc az nothing in
comparison with the avalanche, Of induiries
NUltn Y tNtTfT'l u al ~ ''i.
beliigereM nations. The vasu" ami sen-ial
feelers from these sources are iist GIVING
way 10 requests specific a. 20 Kind. amount
and delivery. Thoy rome tran Quarters when
have been waiting, for one reason AMI an.
other. until the war should close. and their
needs are urgent
''The Veaor AMI war demand. from the out
side thus are calculated IN keen the mills
busy n domestic consumers are not willing
TO pay present hish pilrs, There axe
| numbers who have cOuni'si on ~0ffrr prices
in the last part of tn" year, hut the trend
of recent weeks has 'Ouvii'rI some larse
| consumers they hay" oNeretayei
In sharp contrast u the &ti'un" OF 'he
large agricultural implement. nanuia'fnrers
who have already secured mil space for their
buying gear beginning July !
The grouping OF 'iis. Independent stcri
| companies IKE the Mldya Worth Rros Gam
bris merger and the Bethlehem P.nn-ylv ami a
vnion-is OF no cfect a, th" moment on
| market conditions. but II ~. Of course, rec.
| making capacity oi the country Will u" lodged
witt slf or seven compailles .
There are signs that a long pr1f,ce OF
modified rules on TRANSPORT alton by rdllroais
Of material for export may have 4 pSrmaneit
effect. This may not result III i gher cost
| 10 the shipper. though he now temporarily
hills his products as domestic business. and
| nj domestic rate. in ofSi.r 10 get around the
| cinbargoeS. but Will doubtless work toward
quicker hsndllng Of shipments a destiiii.
ton terminals and a better utilization OF
sales for export contain some not able
| items. No less than tn,"S tons OF plain WIRE
| Africa America has taken l.!HS tons 81 rails,
| according to our l.ondon cable, a Russian
inquiry Is for 3o,oop axIes complete with the
wheels"