The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-04-29
PIT ISBuRGH STEEL COMPANY ADVANCES NAIL PRICES
HEAVY FOREIGN CALL FOR WIRE PRODUCTS RECEIVED

NEW YORK. April 2s.-rhe Pitts
burgh Steel Company. after having
booked heavy contracts for wire prod
ucts for export has nut out quota
tons to domestic consumers on wire
nails OF s2.6O per key base sellers option
after September. which is equivalent TO
an advance of 81 ton over the official
price established by the American Steel
and Wire COMPANY early In March. The
latter company has been slow IN follow
Ing the advances In other wire products.
largely because q fits oversold condition.
but the indication is that the large in
tereSt- will he forced to make n revision
IN prices IN the near future. The falling
on i'm new business and specifications as
we'll probably confirmed the American
company in its conservative policy, but
~ - interesting to note that while II ~
u Will accept orders only for sixty days
shipment. 1t is quoting to manufactur-
ing interests prices on wire products
generally. exclusive OF nails. 81 a ton
above current prices for shipment over
the third quarter. Where II is deemed
advisable 10 protect large nsnufactur-
ing interests on fourth quarter contracts
IL has signified it's Willingness to accept
such emergency orders at a further ad-
vance OF 81 a ton: that is. an advance
OF 81 a ton over prices now current.
IL develops that there are stili very
heavy Inquiries from abroad for wire
plain wire. The United states steel
Products Company has been refusing
these contracts steadily for the last
sixty days and several OF the large in
de % ndent wire drawers have rejected
such Inquiries right and left. should
the domestic demand continue 70 de-
crease. however. large foreign business
would he accepted al much hi CHER prices
than are now prevailing on home con
tracts.
There are number OF inquiries in
the market for structural steel for cN-
port. including several thousand tons
~truct"d I'm cuba. fed additional indui-
rieS have also come from the Far East
but few or the mills are quoting on such
business al this time.
In the Central West particularly in
the Pittsburgh district. there Is less ac-
somewhat easier AT SIS to S1S.25 at val
ley furnaces, but standard Bessemer Is
still wanted and difficult 20 buy under
SCI at valley furnaces.
\ moderate demand Is reported for
southern foundry iron. and n number
. Of small sales have been made. including
one lot Of $500 tons ~ SIS. birmingham
basis. for prompt shipment into the
Eastern territory The Pennsylvania
manganese and zoo tons OF charcoal
iron. Is reported to have purchased an
additional tonnage Of foundry grade for
shipment To Altoona. Several thousand
tons Of foundry iron. u is understoo God.
was sold FOR export to the Meditcrra-
mean, but the large tonnage wanted for
France and staly. previously noted. is
still in the balance.
The demand for tin plate for export
continues heavy and one contract for
, 5000 boxes f. ported to have been
placed with Pittsburgh mills at t5.25 per
base box. Small orders for domcst tc
shipment are being taken between SAYS
. and 81 per base box. but some OF the
INDEPENDENT manufacturers are refusing
20 quote for this years shipment.