New Britain herald., 1919-07-11
STEEL AND PIG
 IRON MARKET
The Iron Age says:

}The Iron Age says;
 EJune sales of pig iron in the case O some furnaces equalled the total fT several preceding months, and low in a limited way there is pig ron buying for delivery in 1920, in- luding some malleable in the Ce~1~ 'ral West. But many foundries' have yet to cover for the fourth quarter of this year. Enough funnaces are going in to make the mafket uneven in their efforts to get backlog or ders Some cuts aRrc@ heard of each week, but are geynerally reported as la~.es which daH not break the mar ket. s--..ya%
 SopTe Southern furnaces that were Walk sellers are asking $1 a ton more, thy recent heavy bookings of their Nlrthern competitors having turned s}ne inquiry southward. Eastern pennsylvania still reports concessions Ton foundry iron, and standard low phosphorus iron is available at $35. Less than the full price was asked on round lot of basic wanted by d large northern Ohio steel foundry.
 British inquiry for 20,000 tons of basic iron gives a fair prospect of business. Sweden and Holland and sother countries, which see little early csance Of getting pig iron from Ger many, are now inquiring here.
 The withholding of railroad bus iness is hurting the railroads more than it has hurt the steel mills. The railfoad administration has not pres ent intention of buying 300, ,000 tons laofo of rails, as- reported. Japan is in the market for 5000 tons of rails, after buying 30.0OO tons in the past two months France wants B. 900 tons of rails and an equal amount of plates, and Spain is inquiring for 5000 axes, 0,O00 wheels and other equipment. The 0,00O tons of rails on which Belgium has been figuring for some time appear to have gone to British mills at about f19 1Oc eff, whereas the British quotation on do- mestic business has been f15.
 Japanese ship plate inquiries in this market include one for 10000 tons, another for 1000 tons and a third for 5,400 tons definitely reported. Ja- pans program for 200 ships will take several hundred thousand tons of steel, much of which is to be bought in this country. An eastern Pennsyl- vania plate mill has sold 500 tons for shipment 10 France at 2.55c., Pitts burgh.
 The Chicago district still leads in new structural business, but the larg- est contract of the week is for Ill., 900 tons for the Cunard building, New York, taken by the American Bridge 60.
 The steel market shows further i'm provement in exports, with fresh evi- dencc of expanding demand in various lines of domestic COOSIlm mi iOn and a growing confidence in the stability of present prices of finished products.
 The adjustment of the industry to something under a tWoLthirds opera ton promises steady holding of mill schedules through the summer and probable increase in output as fall advances. There is enough irregular ity in prices to keep buyers and sell lers alert, but the plentiful talk of possible advances has produced little Forward buying.
 After taking some good contracts, several makers of nuts bolts and rivets have put up prices per cent on bolts, $3 on nuts except semi finished and 10 per cent on rivets Others have followed suit, but there are still some stragglers.
 The agitation by the Western As Sociatlon Ot Rolled Steel Consumers fcae a Chicago base on iron and steel products has led to an appointment for g hearing before the Federal Trade commission at Washington "Wednesday, Chairman Gary appear ing for the Steel Corporation, while ' the association is represented bk it's Attorney.
 Japan has been no small factorN in a I,n l. xeatx ~ Graxx kcrging on a7, On the whole Tl