The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-01-20
RECORD STEEL PRICE
EXPECTED SHORTLY
Export Demand Gaining 8tsaduy-po-
nestle requirements Large,

NEW YORK. Jan. i9-Steel compan-
les are seriously debating the question
OF how long IL is wise to play the part
OF Thilanthropists 20 domestic consum-
ers OF steel products. The export in
quiries are voluminous and urgent. The
Foreign consumer is bidding from 20 to
so per cent. ton higher than the prices
TOW prevailing IN the domestic market.
american mills have refused many for
eign orders recently from a sense OF
DUTY to provide the domestic CONSUMER
iirrespeetivs OF price. II seems probably
however. that prices will be established
on much higher level I'm the near fu-
lure some OF the manufacturers have
me teinerlty TO express the opinion that
before the end or the year prices prevaiie
ing today will seem cheap in comparlSon
MMilth me prices which viii he charged
Ihey point out that current prices seem
hlsh only in comparison with the low
POINTS touched during the last ten years
conditions today warrant much higher
prices Notwithstanding the great ad-
Nances that were steadily made during
the last year.
II il significant that the prices mot
90 on bars, plates and shapes recently
nave nave been largely OF nominal charac-
Yer, as they are the prices which mills
viii accept for delivery only al their
Sonyenlenee. Structural steel bars have
been again advanced 81 "A ton. that il
from Si.S5 to 100 n pound Off shin,
ment at the convenience of the milf
nu.; as noted several times recently. 2
q
continued to be paid for prompt ship
>, When When the low priced contracts for
lanrlcated structural steel are worked
out. II is claimed. a much higher level
may De anticipated; in fact il seems
iIohabIe that "A campaign will be en-
tered upon soon during which tho CON
sumner viii be educated to aprreciate
s me necessity OF higher prices based on
supply ana demand. Following the adj
vance IN steel bars another advance in
III produSts may be anticipated. This
ing Is salable today for export M 4
cents a pound. The American farmer
- Duying at approximately s cents a
pound. but there will soon be a less
Woe margin between prices prevailing
Tor domestic and foreign shipment.
Greater activity is evident Z, s,..i
huilding work in the eastern territory
S iost OF the contracts being placed.
nages and tho plans now on the arc6i-
.Scts and engineers boards Indicate
mar similar contracts will be placed
curing he next few months. In the New
York district alone about fifteen AZ
teIeni structures are In prospect, includ-
ing five loft buildings in Sew yorts 49,,
running from twelve to siNtee, .torts
ya1n. Inc largest viii require about
,Doo tons OF fabricated shapes 4 four.
Zen story apartment house is also pro
J'cted. The Delaware and Hudson Rafi
road company will build an OFFICE hula
iIE ot from SIX 10 nine stories. Prepar-
a.Iuns are also being made for con
Struction or bank building and scvcr
~ commercial structures plans for
winch VIII probably be completed next
Ihe Midvalc Steel Company has pI,cet
a contract for the building Of an .,9,,..'
dt Inlladelphla, calling for $50 tons az
stIuctural steel. with lowering q Carl
cues. Worth Bros. now a subsi5t.,r-'a'I' = > >
the MidVale Steel Company viii iy,iI5
ahother plant extension at Cratcs,.ttia'
"a, ca,ilng for 200 tons OF structural
stood 10 have been placed Wifb ~, uhH Hs
I'm Marshall Construction C.on,n,,,,.
Inc Hinkle Iron Works has secr.loS -
c3htfacI Tor 800 tons Of fahrtcst a
fbe 49,, 20 %. used In the construction OF
III nome ~ Morton +. Plant an Fif,h
Venue ana Eighty-siNth street Apofbcr
.Hufp'nheut fnAricatOr will furnfeb 9oa
tons OF shapes FOR a machine sbor 90 ~
S"niS- SI,cted at Philadelphia for schaun
Inc BinghamtOn Bridge Comranv h,.
neen awarded the contract FOR sOS' IN, Ia
y, Iabrlcated shapes FOR the sissnn
store. TO be constructed af Eirct -. oii
Eidlitz & Ross have taken con,, ~ lnt IN.
I.y TONS or structural steel for I'.
t.iLLN n"i4olng. and the George 49,.
NvIuPany VIII fabricate $50 tons ,c
garage TO be constructed on t-.st ~. a
seventh street. New YORK I,t,'t.lt r IT ".
be IN the market next r5ortt - eaait
IONS OF fabricated steel reTufr.t a. w
SAIihrs,rlction OF the Tengich oiFtel ~,
The Samuel l.. Moore Cornor.,to..
/ -in AIRY OF The Bet hlehcm Steel -"
sany, is In the market Tor ,r,,l,r, IN ~ :
1'. tonS or structural steel re9ut-ct
VIII Doe recalled that ne ro-,,,..n.9.ity. II
r,H'ik paced an order for 700 80
inc building Of a new unacbt,o 'gilH
Win l-eVering & Garrigues