Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-18
STEEL MARKET I
IMPROVING IN.
HEAVY FORMS
Demand for Structural Steel,
Plates, Etc, Affects Pitts +
.y~-i
burgh Stocks.
NEW BUILDINGS GO UP
Special to Indiana Daily Times
and PhiIadelphia PUBLIC Ledger.

Special to Indiana Daily Times
and Philadelphia Public Ledger
PITTSBURGH, Oct. 1S-More strength
has been manifested in the iron and
steel trade over the last week. Cutting
of prices is conspicuOusly smaller, al
though a lower range is expected when
cut in freight rates becomes effective.
Pipe mill products are very steady in
price, the recent reductions in official
prices having fully iquidated the stu
alton. In bars, shapes and plates there
is a slightly steadier market.
Predictions continue to be made that
the winter or early spring will bring an
additional revival in steel demand, par.
ticularly in the direction of railroad buy
ing and buying for large construction
projects.
There is some hesitancy now in placing
orders for lighter forms that lead the
revival, but heavier forms are coming
more into demand. Sheets and wire
orders are in good volume, put not so
good as before the advance, because many
customers covered at that time.
INCREASED DEMAND
FOR STRUCTURAL STEEL.
The tin plate season is waning. Against
this there is greater demand for struc-
tuIdI slGC4 pAdleSg etc. W ME COuul-
tions for large construction jobs have
greatly improved, it is too late in the
year for this to have much effect and
the greater revival in structural demands,
is, therefore, expected to come earlier in
the new year.
The Equitable Life Insurance Company
is planning a building in New York
that viii require 5000 tons. Bids have
been closed on 1000 tons for the Guar
antee Security Discount building. at Ak
ron, Ohio, and the Municipal Railway
Building requiring 100 tons, at Detroit.
American Bridge Company has taken
1000 tons for the extensions and new
building of the Bell Telephone Company
in Pittsburgh. AIcClintic-Marshall Com
pany has been awarded 900 tons for a
combination church and Office building,
Los Angeles; $50 tons for a hotel, Wash
ington, Pa; $50 for building for the
American Tar Products Company, Chica-
go; $50 for an Office building in Detroit,
and $50 tons for a wharf in Kahulur,
Island of Maui, Hawaii.
OF structural steel work about so per
cent is for plates. South Pennsylvania
Oil Company is in the market for four
| -, 600 barrel storage tanks, for which
about eleven hundred tons of plates viii
be required. General Petroleum Com
pany. for 5000 tons, and the Petroleum
Iron Works, ! SEQ tons for fifty stills for
tie Standard Oil Company. The Ameri-
can Locomotive Company placed an or
der for more than five hundred tons of
plates.
RAILROADS ORDER
NEW EQUIPMENT.
Greenville Steel Car Company has
closed a contract with the Erie Railroad
Company for repairing 1000 cars. The
Michigan Central has let repairs on so
forty-ton steel box cars and 80 fifty ton
steel twin hopper cars to the Illinois Car
and Equipment Company. Big Four has
/ let repairs on 500 ffty-ton aI-steel box
cars to the American Car and Foundry
I Company.
Bangor & Aroostook Railroad has orr
dered 200 steel frame lox cars from the
Standard Steel Car Company. Smokeless
Coal Company has placed 10 mine cars
with the Pressed Steel Car Company. Ar
geutina is inquiriog for 500 gondolas and
Sac Paulo-Rio Grande Railroad. Brazil. is
/ inquiring for go miscellaneous cars
Copyright, 1921, by Public Ledger Com
pany.