New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
III
ices compared as follows:
Metals

The week closed with the copper
market stronger in tone than at any
time this year. Quotations are as fol-
lows: Third quarter delivery, 20 cents
pound; July, 80 cents, and August
September, 29h cents. Dealers quote
nominal prices of 3217 cents for May
copper, and go cents for June.
The United States government is be-
coming more and more Of a factor IN
the steel industry as the needs or the
Army and Navy departments become
more clearly defined and specifications
are distributed among the mills. In
themselves, the government require
ments are not heavy, but they are Ike
" TO become of greater magnitude as
new activities are developed by the
various boards advising and assisting
the government in preparing for ma
tional defence. Thus far, specifications
for little over 100000 tons of steel
have been distributed and an equal
tonnage is expected to be placed in the
next thirty days. In addition. the New
York Shipping Board is preparing plans
which will call for probably 100000
tons of steel plates and shapes IN the
next year, and the War Department is
expected to need 100000 tons Of struct-
ural steel for hangers on aviation
fields in various parts of the country
Numerous small orders for pig iron,
cesajRp pipe n errers rfFfi and -maphiRe
tools also are being placed on govern
ment account for which manufacturers
are constantly in the market for raw
materials. The steel mills have made
vcrous reservations of capacity to
be able to meet government re-
quirements, as gagged a month or
two ago, but with larger needs the
mills are more reserved in accepting
contracts for rolled products from
manufacturing consumers. The Steel
Corporations subsidiary mills, how
ever, have not withdrawn from the
market on rolled products to the ex-
tent generally supposed since the first
of May. The American Steel and Wire
Company is not accepting contracts
from manufacturing consumers except
where absolutely necessary, but cur
rent orders accepted are about 80 per
cent of capacity The American Sheet
and Tin Plate Company, however, is re-
stricting new business more severely.
ne carnegie steer company, Wnlle re-
fusing much business offered, is giving
assistance to locomotive builders, who
have taken contracts for about 300
locomotives in the last ten days, re-
curing about 10000 tons of steel. Car
builders are not we'll represented in the
market, but have taken orders for $50
cars this week, and are understood to
have placed orders for about $4,000
tons of steel. shapes and plates.
Fabricating shops have taken orders
for 10000 tons of structural steel, in
Guiding 1900 tons for a library build
ing in Philadelphia; $500 tons for q
power house at Akron, Ohio, and lips
tons for automobile frames The Navy
Department has taken bids on 1000
tons of steel for hangers at Pensacola
and will receive tenders May 81 on
5000 tons of steel for additional i'm
provements at the Norfolk Navy Yard.
Shipments of rolled steel by the Steel
Corporation in April were estimated at
100000 tons, while orders exceeded
1,770,000 tons. Sales of pig iron this
week amounted to 100000 tons.
Current spot prices for a few Of the
principal metals and metal products.
compared with those prevailing at the
corresponding time of last year, follow: