The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-08-24
THE IRON MARKET IS
MUCH STRONGER IN
|. EVERY DEPARTMENT
Review of Trade for Week
Shows Many Orders Are
Being Received for
Materials

Cleveland August 2S.-(Special) 1.-The
Iron Trade Review tomorrow will say;
The market is stronger than ever. Buy
ing of pig iron has now reached large
volume, and in finished lines all products
are active and consumers are doing their
utmost to hasten deliveries. The general
tendency is toward higher and firmer
prices
Buying Of pig iron has been very ac-
tive, especially in basic, of which pur-
chases included 10000 tons by the Amer
lean Rolling Mill company most of which
will come from Columbus; 10000 tons for
the Scullin Steel company, st. Louis, and
about 10000 tons for other meters in the
St Louis district.
The Hewitt Steel corporation, Newark,
has purchased II 900 tons basic, and q
Phoenixville company 5000 tons, while the
Whitaker Glessner company has added
$4,000 to its recent purchases. The Re-
public Iron and Steel company has pur-
chased 1900 tons of Bessemer, and is
understood to have bought about the
same tonnage of basic. Indications of
shortage in steel making irons are more
pronounced. There is a fair activity in
foundry grades, the principal buyer being
the General Electric company, which has
taken loUO0 tons FOUNDRY malleaDle ana
low phosphorus.
BUFFALO SALES
Sales of various grades at Buffalo are
estimated at about $4,000 tons. Stocks of
the Eastern Pig Iron association are the
smallest ever known In the south careful
investigation shows that there is an in
creased activity among foundries, which
are operating at about IS per cent of full
time.
Heavy buying of finished shells and
shell steel for the entente allies con-
tinues, and during the past week large
part of the business has consisted of forg
ings for shells for deliveries extending
from November till April, and in some
cases, farther into next year. An indus
trial company has booked an additional
forging contract and has bought from
IS, 900 to 10000 tons of steel from mid
die western makers.
BIG CONTRACTS BOOKED
Large eastern steel and shell makers
have closed contracts for finished shells
and forgings amounting to several hun
bred thousand. An eastern Pennsylvania
company has closed large contract for
shell steel reported to amount to over
100000 tons, and the Harrisburg company
has received a new order for 100000 shell
forgings for the British
An eastern locomotive builder Is in the
market for 10000 to $4,000 forgings for
shells, which will require from 5000 to
1000 tons of steel.
Plants which have shown their ability
to turn out these products are taking on
additional orders very freely.
The principal trouble is in obtaining
steel for which very high prices are be-
ing named
While car buying is showing more life,
orders are being confined very largely
to wooden cars, owing to the high cost of
steel material. An interesting develop
ment is shown in tendency to repair
old cars wherever possible. Some Of the
inquiries for equipment for export prom
Use to be closed at an early date, includ-
ing Russian locomotive order, which
has been pending for sometime. Contract
ing by domestic roads for rails for de-
livery in 1918 may begin in the near fu-
ture, as mills are rapidly filling up on
orders for delivery far into next year.