The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-12-26
IRON REVIEW

NEW YORK. Dec. 25.-The Iron Age.
in its weekly summary OF the iron ana
steel trade tor. orrow will say
The steel trade approaches the emo OF
the year with mills stu Suar1its
against overlooking OF their books. bu!
the sold up condition OF some leaoins
manufacturers that they gre not press
Ing for contracts to the degree notlceo
few weeks ago.
varies little from that OF recent ~ees,
and coal supply has not Increased 10 me
extent indicated by reports from tne
mines While coke restrictions nave
been removed and output OF steel riaS
ing pig iron is somewhat larger. nn,sn-
ing mills have not shown corresponding
gains Rolling mill working forces are
not vet balanced and il is evident that
EooG mar:y workers who were on t"'N0
have drifted into other employment
The market shows rather more con,
trast, between the policy OF the Stee.
Corporation in holding TO the prices %
!. March 81. and that OF most other pro
ducers in selling in their limited way At
prices more nearly in line with the al
vance of SO TO Sl2 per ton IN pig HotA
that has taken place since OCTOBER l..
The expectation OF considerable raii-
road business after January I. is quite
general and in rails alone the amounts
tentatively named by the PennSylFaila;
! the New Ycri> Central. the Reading ano
Norfolk & Western. together with wn VIVA
has come forward in the ChlcaSo o4 1S
trict. foot UP from 100000 to l.0oO.oOO;
Signs point toward 2.50c PITTSBURGH.
for steel bars. H55c for shapes APO 2.Loc
Tor plates as the minimum prNes i9L
second quarter delivery by those mus
which haze not yet got under full oper-
alton but have bookings which cover
the first quarter. Meanwhile business 10,
for the same period IS being taken oy
the rakerks at IS and SlO per ton his"-
er fnr bars and plates. 49,;
With the sustained activity IN faori
Gated steel work. 1919 bids tai6 70 cqua,
the lean years Of 1913 and 1914. "net,
not over 100000 tons was cont I, s;u
months OF 1919. the total business dia
not exceed $4,000 tons. but in the nEe
months since about $4,000 tons va
done NeysmoeT n G9Ssrse; .ns structural
Society. being So per cent OF the ca Ipooo
ity g the countrYs shops OF l'f'''
Sharp competition for high speed
steel orders lust placed in the Central
West developed prices as low as ~ per
pound, whereas the recent market on
current deliveries has been sl.4o.
The Carnegie Stae! Co. mas aSauh
Pittsburgh. on plates. this Price De'nS
quoted on 10000 tons for the Navy. AN
Eastern shipyard has bought lS'oo0 tonS
and the Bethlehem ShipouiLotn9 SotpT
Yards -. 900 tons is under inquiry Tor
the hrst half OF 1920.
Cast iron pipe has advanced - per
ton. or TO $69.SO. Chicago. for men
ana pipe foundries have falrly soou
bookings for the year end.
Foundry pig iron sales have fallen ON
Merchant furnaces have had poor ca.
supply and there are indicau"ns Shas
non-uninn coal mines have had 10 give
Nm cars they had during the strike 10
. union mines just now rcsumlnS.
Two large TRANSACTIONS in SURPLUS
war steel have been put through IN inc
past week in one New lork cNpoIs
~, hcurht upward of 10000 tons OF
shell hillct< stored at Atlantic ports ana
belonging to the French governmsnt,
he intention being to resell the steel 10
domestic or foreign rolling MUS;
The second sale was OF 100000 tons
haif Of IL fabricated scrap by the EmerS
gcncy Fleet Corporation to group OF
dealers.