Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-06-22
IEREST in STEEL
CENTERS ON PRICES
Increase Allowed on Ore by
Far Industries Board-Steel
Price Is Unchanged

New York, June 22.-Interest in the
(4 trade this week centered in the
xerence between the war Industrial
und Representatives OF the Amer
4 iron and Steel Institute and iron
PFQqueers. which was held in WASH
Qn yesterday. An increase of forty
CENTS gross ton for iron ore. to
the wage and freight rate advance.
9reed on late in the day
minary to the meeting in WASH
gathering of nearly 100 steel
nH held in the Waldorf-Astoria
kthis city on "Wednesday.
5!.g< - latter meeting the officials end
entAtives Of the many compan MES
asked their views as to future
While no definite announcement
= made as to what transpired at the
1ng. it is learned that number
(4x9@hpse present urged that higher
4ea4be recommended
WI ~ the other hand it is known that
My Of the officials of the larger com
!E3c1 were opposed to requesting an
nnce at this time. They maintain
~ the grounds on which the smaller
mpeufes would ask for higher prices,
me1y, the advance in freight rates
sSe not existed long enough TO give a
e9crete idea of just how they viii re-
~ putting up the costs.
<zf hat the steel men generally are
t9qu upon, however. is the recomnen-
f1pH that prices should be fixed for a
u y. gr period than three months as was
sl31 N the past. 1t is maintained that
8 knowledge that there will be no
- Tor a longer time will do much
PVT the steel company officials on
mettie in meeting whatever sit
U4ftou might arise.
<<54 VIHn f.overpp,o,,
'7fe1 are still climbing. trade experts
The demands coming to the mills
~ - large that not pound of steel
Z0@ ne given TO other consumers Plan.
{ne future are enormous, and il is
9&p that orders for nearly 10000. 900
Z14 ~ steel and iron are lying on the
~ omcials in Washington, await
Gk Q3ocation to the various companies.
m such a demand ahead il is cer-
|541r that the steel mills of this country
3UU3 he supplied with all the business
&<& can handle and AS Judge Gary
dGk4oe0 to the members of the American
aXp6n and steel Institute at their recent
4 i6lept&ng In this city, they are assured
customer who is we'll able and
N(l1lng to pay his bl,s.'
"a x11o subcommittee on pig iron. iron
and lake transportation of the Iror
Steel Institute has just allocsted or
IN for S750 tons of foundry iron fol
3 ~ baldwin, Locomotive Works. ant
6 3+3f tons of foundry for the Westing
&d<l<a' Electric and Manufacturing Com
h f/0nS. The iron is to be used in con
I. .&St1ion with new construction work.
F7< <10ite number of small structural
i}ers and inquiries have come to light
\ 4 lie past week. The American Bridge
= ff1nany has obtained control fol
\ tons for bridges for the Chesapeake
EKi Ohio Railroad, and the New Yorl
kfal Railroad has divided contract.
{33s tons between the Fort Pit
- Works and other smaller fabri
Eil6onx the larger inquiries is one fo
tons by the Midvale Steel ant
uH5ace Company, for three ordnanc,
f6lDe shops to be constructed at Nice
Pa. for the United States Gov
INIT The Pennsylvania Railroa,
fho market for about 1900 ton
u believed this business will
hid among a number of the in
Hont plants.
.1ogo Is no change in the ferro stu
~ Manganese and the other ore
&oihg inquired for in large guam
II Is said. and the supply is still
Ike1ow the actual demand so tina
16cent strength I'm these market
feasonably be expected to con
Nor some time.