The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-19
STILL ANOTHER SUDDEN
JUMP IN STEEL PRICES
Carnegie Company SurprIss
Trade by Advancing
Bars $5 a Ton.

The structural steel trade ~,
startled yesterday by n sudden a.
Of 81 n ton In the price Of s,..
bars. plates and shapes Announced !.
the Carnegie Steel Company. Steel M.
and structural shapes are now ouo,.. |
at 2.25c. a pound, and steel plates !,
2.35c. a pound Z. o. b. mill pi,,sh,.
These prices arc for shipment a, ~.
convenience of the mill. u is ncc,ssa.,
to go back to 1899 TO find a paral,el =,
these prices. During the las, quarter a. |
1899 the average price of steel Mat.
was 2.54c.. steel bars 2.37c. and SIM.
tural shapes 2.25c. a pound. During ~.
first quarter Of 1900 the average M. |
for shapes remained 2.25c, while h,,,
receded TO the ann level. Thus pr,c. |
prevailing to-day have been exceeds |
| only once in the history Of tho indu,,, |
but they are the highest prices since n. /
organization of tho United States Ste. =
Corporation.
The enormous demand tho world mn.
OF course Is responsible for the CONT.
| ued advance In prices of all finish.s
| steel products. Warehouse prices a,
! already noted. are 3.25c. a pound a,
| plates. and 2.T0c. on bars and SHAPES ,
| the New York territory. but a s,ill ~.
ther advance is probable now that n.
| mill prices are UP So a ton. Il is an T..
teresting fact that eastern Pennsylva,,
mills have been selling structural shac.,
at 81 to 50 a ton over the mill PRIV,
at Pittsburg for several weeks. m,
has been due to the unprecedented do
mand for small lots of plain s~tructu-s
material TO be used in building opera.
lions In this section. The eastern mil.
have had tho advantage of being ar.
TO make quicker shipments than ~.
steel companies in the Pittsburg teri
tory on nearly all sizes. and conS
small orders running from 3 and 10 70
100 tons of shapes each.
Premiums OF from 81 to 50 per ton a.
still paid for early shipments Of s,-ic.
tural steel. as well as for other forms
but similar conditions prevailed in 1856,
and 1900. so that the only correct CON
parison OF prices that can he made 4,
upon the mill base. Ii il thus evider.
that prices must still advance severs
dollars a ton before they exceed thos
current in the phenomenal period Of iss'
and 1900. There can be small doub,
however, that with the continuation q.
present conditions the highest prices 4.
the history OF the trade will be paid b.
consuming interests within a very .sr
months.
The Long Island Railroad is preps>
ing specifications for bridge work vh!c.
will probably amount TO about 1000 Tor,
OF steel. The New York Central Rat.
road has placed several additional o..
ders for bridge and structural wo-s
calling for about 200 tons with LeN'
r. Shoemaker e. co. About 100 tor
were also placed with another i%ndeneni.
ent f%abricator. The Edison Electro
Illuminating Company Is in the narss.
for bids on 500 tons Of structural s'.s
for plant extension in Brooklyn.
Activity continues in cast iron Pipe n
the Eastern territory. but most NJ t'
contracts being placed are FOR relative
small %tonnages. Yesterday the city O.
Woonsockct. II. l., received bids on rs
tons of S to IL inch pipe. Mcrid.',
Conn. Will receive tenders next Wednes
day on 81 tons of 4. 8. $ and Ia inc,
pipe. and Pittsfeld. Mass. Will re CIV.
bids on 500 tons OF I to - inch Pr.
on February IS. Pawtucket. Il l.. hs'
awarded a contract for ass tons Of
to IL inch pipe to the United State
Cast Iron Pipe and Foundry Compaty
at s3225 for As and $2".25 de,iyere!
for larger sizes. The same shops ha''
also received a contract for 7ts tons =
4 to % incl pipe for delivery ~ Wor-.'
ter. Mass. at sac per ton for 40 AL
$50 for larger sizes.
Kansas city has placed a contra"
for loss tons of I. : and II zach PIP
with the United States cast Iron PIP
a,l ls.,, - en- 4. ta
Is and s30.l5 for S. and lbs, The u'
of Milwaukee has awarded a contra"
for l.7O0 tons OF 6. s and L. inch PIN
to the American Cast Iron Flpe Com
pany at $3.50 a ton delivered. T'
latter company has also taken q cor
tract for zoo tons of s. : and ~ IN
pipe for delivery az SIOUX 'jty. Ia
prices being s3l.45 for IL foot iers'
pipe, A lower price had been sus
mitted on the standard length
Among the new Inquiries Tor ca'
iron pipe from municipalities = one n
of 565 tons of Il 10 SO inch pipe for p
city Of Albany. Bids Will b" sthmtt''
; on March q. Sylvauid. OHIO, receive
bids yesterday on IA nus NJ I, = A.
s inch pipe. Rockford, Ill. is 'ons'1''
ing bids on $50 tons oI y 80 - -:
pipe. submitted February lS oran:'
, burg. :. g.. has placed An order I"
SEQ tons of cast iron pipe and nuns, d
s2S.95 a ton with the Atlanta w
|, Foundry,
The United States Cast Iron p % A.
Foundry Company recently SipE 10
the lowest tender Oh uou tois - .
. Incl pipe To the cllE of lW'9lh, W
The tenders were s3u.jo II '"n 'o'
iucn and $3.50 for I inch Wa''- n"
also S3l.j0 for h inch and 50 u ~
inch gas pipe. The same manufacturer
!, have submitted the lowest .'Hd'' :.
! an tons Of I. 4. s and 10 nab lHpN :
Lewiston. y. Y. The lump sum pr
was S~ia.66l..t. The ton price We
!, $3.50 for i. : and n and S@l !" i'
inch pipe, hamilton, ont. "I. r'e.'
3 tenders on March | on $50 toys "
, To Ii inch pipe
; Several large export .o''rt''s -"
, cast iron pipe are still under neg
lions with American fuuudrie- w
contract for 100 Tons uf : 90 u l.
pipe was placed recently with 80" i'l'
states Cast Iron Pipe AND t'i'lF
company for shipment to Flor t' 'p'.'
Brazil. via RIO de ,lant..',