The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-11-14
IRON REVIEW

Special Dispatch to Tho Intclligencer
NEW YORK, Nov. l3.-Thc Iron age
in its weekly summary OF IN iron anu
steel markets will say:
The calling off OF the coal strike and
tho return to work Of further large
numbers Of steel strikers means an carry
! increase in output Of pig iron ana hh t
cd steel and are therefore market luC-
tors Of first importance. week "l tt'
coal strike had passed without the cut
ting down or steel production Nearly
all plants having accumulated iuSt
stocks, but the taking over OF coal III
transport by the railroads was hlltctiiiE
current receipts at many works anu IN
the Chicago district several iron ron
ing mills were coming 10 the end oA
their supplies.
There has been growing tension III the
market in the past week AS various con-
sumers have attempted 10 get hol1 Oh
enough pig iron or rolled lnatcrla4 W
protect Them against shut downs. Be
heving that the mills would be Wrest-
ling for months with short deliveries
due to the strike, number or buyers Oh
finished steel, including some large cuIn
pdnies, tried to contract for the hrsI
haIf Of 1920. The effect has been to
disturb the market by the Increased OIL
fcrinc Of premiums for early delivery.
At the Same time several steel com
panics have refused to take premium
DGsincss In view OF the unhlIed oroeIs
on their books and have continued 10
oppose higher prices as tending 10 oe-
rang" deliveries and unduly accenlua''
the cXistn scarcity.
The break in the steel strike was most
marked at Youngstown, workers thelo
returning in larger numbers tnan NJ ol!
time since the strike began Sixty per
cent OF the open hearth furnaces IA
Youngstown arc now in operation ana
F,tr rnnreSnnllnE
thnwcve- considerably over 30 per cehl
of the pig iron capacity. .,,
In the Philadelphia district from
, 40. 900 to 10000 tons OF >tc"i niahlnS
iron. largely basic. has been sold NJ al
ranccs Of SIS to Sc per ton. IN EnrL I
steel company with pig ron ~; l LII
has been prominent as seller ana SUN
has considerable iron 10 offer.
Foundry iron has sold nj advances OF
60 and So per ton, and the laCt t"at
foundries are melting more IRON IMAM -
being currently produced has pcen EN-
rhasizcd. Two southern sellers nav q
withdrawn from the market. and lew
/ Northern furnaces have any iron 10
cCfcr for this year.
Interest in the export market has cen
tered in n sale Of $4,000 tons OF p!ti'tH
to Belgian rolling mills nj price ci"Sc
10 $3.50 Pittsburgh. The TRANSACTION
roiris 10 the slow recovery OF pig IRON
ard steel production in Belgium. nnd 10
I TIC fact that the ability Of German ana
| Iurraln works 10 supply outside mar
kv:s has been OverStatcu -,
Whiic the railroad administration VIII
make only imperative purchases or rails
seeing that The railroads ar" about 70 20
hack to thor owners. UP To 1NO.OhO IONS
may hc placed for early delivery apart
from the 40. 900 tons NOW being rolled ny
| Rrthlchcm. TIL" AlCom" mill IS report
! &c to have q 10000 ton ran CONTRACT
with the Hooking Valley. ana mas he"n
offered more business from this side on
which it could not give the DELIVERIES
wanted. large rail buying for delivery
next eprinr is looked for when the COM
panics again take control
! The Union tank limo has bought $500
cars. and car builders are looking Tor
largo orders from the railroads in the
winter months. Some forecasts from
| that industry have dealt with require
| rnents from domestic and foreign rail-
roads representing four or i've years
! full operation. H.,
The Belgian government has ,u So
awarded to it's own makers 5U.Oop
| freight cars. but It is also stated from
Belgium that many cars will be needed
! from foreign sources. presumably m
! Guiding the 10000 cars on which Amer
| lean bids have bern asked.
Two Pacific coast ship yards are IN,
ouirinr for 10000 to 10000 tons OF
rIatca shapes and bars for tank ships 10
| u, built there. Buyers of plates. who n
short timo ago could contract ".JOc at
| Pittsburgh. are now paying 2.6"c and n
! further index to th" market is IT," offer
! of IN export company T." pay sheet mill
! prices for j in. plates. or 81 above the
/ plate price.
! In old matorial n nntah" transaction
! js ;lo purchase by 4 ChicaE" firm from
! the Government Of 4l.hOn tons Of shell
scrap. Of which 70.h0u tons was sh"i'
| forsings that brought $3.50 pc gross
| ton,