Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-02
DEMAND FOR
TIN PLATE is
STRENGTHENING
Outlook for 1922 Good, Many
Orders for Equipment
Being Placed.
PRICES ARE IRREGULAR
Special to Indiana Daily Times
and Philadelphia Public Ledger.

special to Indiana Daily Times
and Philadelphia Public Ledger.
PITTSBURGH, Dec. Except for
tubular goods, tin plate, for which there
is rising demand, new buying Of iron
and steel products is somewhat lower.
Price conditions are irregular Produc-
ton has decreased a trife, this entirely
by independents, the Steel Corporation
having increased a little and adding
three blast furnaces to it's activity list
Mills are working on orders received a
few weeks ago and substantially the
present pace can be maintained until the
holiday period. In the new year, larger
buying is confidently expected.
The pig iron market generally contin-
ues quiet, considering the time that has
elapsed since there was any activity,
and the small amount of forward buying
there was even at that time. In general,
the appearance in any market of in
curry of interest tends to develop slightly
lower prices
Southern Iron recently dropped from
$19 to $18. Birmingham and Valley
foundry iron has just dropped 30 cents,
the occasion being a rather moderate
sized inquiry. Bessemer remains steady
at the price held for more than three
months. Basic is still quoted at $40,
valley, by furnaces, but there is resale
IRON that could be picked up for less.
one block of 10000 tons, owned by an
equipment company, was understood to
be in the market at $3.50 but has been
withdrawn. The Allis- Chalmers Com
pany has closed a deal for 1000 tons cf
various grades
OF the 40 blast furnaces in the district
h1ty are now at work, an increase of
three for the week, the Carnegie Steel
Company having blown in two at AiingO
Rankin.
Important contracts are being placed
LOT I'm plate running over the first half
Oh l9z2, and operations of mills have in
creased. the American Sheet and Tin
Plate Company having its mills now
gong to % per cent of capacity. The
average of independent companies has
advanced to about 20 per cent.
Sheet prices have been cratic. weak
a 4 then strong, for months past, and
Wlte quite irregular a week ago, while
now there is a fresh effort at price sta.
bilization. Manufacturers have advised
district sales offices to withdraw all quo
tauons of less than cents for black and
1 cents for galvanized, and an effort will
be made to maintain the market at these
levels. Some first quarter business is
reported at these figures by the indie
pendents.
For pipe there is an increased demand.
but practically all makers agree that
most of the increased business is placed
at badly cut prices.
Buying Of wire products is small, due
to the approach of inventory period,
1t is estimated by a Pittsburgh car
tuilder that there are approximately
21,OO0 cars, steel and wood to be pur-
chased. involving over six HUNDRED thou
sand tons of steel. The Chicago, Bur
lington Quincy Railroad has an inquiry
for 1900 freight cars, 127 aIl-steel pas
senger cars and ffty-fve locomotives.
The Seal GARD Air Line will shortly be in
the market for 400 miscellaneous types !;
the Delaware, Lackawanna & Western
may close this week for 500 box cars
the Santa Fe has placed orders for $500
refrigerator cars, 1850 each to the Amer
lean Car and Foundry Company and the
Haskell & Barker Car Company.-Copy-
right, 1921, by Public Ledger Company.