The New York herald., 1921-07-03

exception OF a sale of high grade fur
mace coke at S3.45 net TO the producer.
reported from the Connellsville region
this week. no regular sales to blast fur
naces have been reported for two weeks.
In spot foundry coke the question OF
grade comes up strongly. 1t Is related
that coke is available at 81 for spot
shipment. but inquiry develops that II
is not standard, which means seventy
two hour selected and. therefore. cannot
he quoted as part OF the market. At
s4.75 one C N get very good brand. but
one or two are still held at SIS. The
market range, therefore. can be stated as
follows: Spot furnace. SO and s345;
spot foundry S4.25 and 50. Production
and oven activity continue to be cur
tailed as the industry strives to keep
pace with the diminishing demand.
For the most part. tin plate users still
withhold other than small specifications
and the rate of tin mill operations con-
tinues 10 average around % per cent. OF
capacity. Occasionally small specifica-
tions are received for rnomentary needs
and are of one carload to five carloads.
Can makers for the condensed milk
trade are operating at capacity and con-
stitute the largest outlet for tin plate.
July, however. will see that demand on
the wane, June being the month when
most condensed milk is packed. The
McKeesport Tin Plate Company is one
of the few companies exceeding 20 per
cent of capacity and has Increased it's
operation of tin mills from twenty-eigflt
to thirty-two In an effort to replace
stock destroyed in its recent fire. Off,
cials Of the company say that they hope
for a full operation OF their forty-four
mills very soon. At the IS % base box
20 Il.
garded as the prevailing price on pro-
duction plate, so cents and 20 cents
base box under that figure has been
done on what is known as stock plete.
Some tin mill operators expect to be-
come entirely idle during this moh,h ..s
no wage agreement has been, reached
with the Amalgamated Association. 1t
Is rumored that at least three tin plate
plants which have been operated as
union shops since the war may seize on
this opportunity to restore the open
shop principle
In the sheet trade fair sized speci-
fications have been received this week
by the American Sheet and Tin. Plate
Company causing a slight increase in
sheet mill operations. They included a
few small tonnage orders from Japan
for thin sheets for building purposes
from No. 80 to "a gauge. 1t is under
stood that similar business was taken
by the Newton Steel Company. Other
orders recently received call for sheets
for building purposes in this country,
but OF heavier gauges approximately
$4,000 sheets being involved in one
order for No. "a gauge galvanized.
Sheet orders for car roofs for repair
purposes are more numerous. Most in
dependent sheet producers are quoting
2.85 cents on blue annealed, 3.75 cents
on black, and AIS cents on galvanized
sheets. The Wheeling Steel Corpora
ton claims to be maintaining the $40
cents. cents and 5 cents levels. respec-
lively. stating that there is really no
incentive in the market to make IS
concession.
All independent producers OF galvan-
lied wire and wire products have fol-
lowed the June II action of the leading
interest in reducing the extras IS and 81
a ton, respectively, but II has not served
to stimulate demand. the usual orders
from Jobbers for less than carload lots
being received. 1t is stated that more
business this year in the aggregate Is
being done direct with users. however.
than ever before. although individual
orders are small. Reports of 2.90 cents
base, Pittsburgh, are still heard on nails,
but they are not so numerous as here
tofore, and nails have been purchased by
jobbers and others unable to develop a
lower figure than cents base Pittsburgh.
1t remains to be seen what tonnage re-
quirements will do. as only small busi-
ness is current. and makers frankly state
that large orders undoubtedly would
bring about lower prices