The New York herald., 1922-06-18
Heavy Tin Plate Orders.

shh tate OFUtTN.
Specifications for IN plate continue
heavy, and new busin~, limited in the
cases of some producers. is heavy with
others particularly the United States
Steel Corporation. OrcuIs all the way
from a carload up co several hundred
tons at n time are be.rg received, the
larger ones coming from some of the
bigger can makers. and bearing a rela-
ton to the coming corn and tomato
pack, which this year PROMISES TO be
heavy. Some independents report a
shortage Of heaters and screwboys, par
ticularly with the Standard Tin Plate
company. which Is rur7ing its Canons-
burg plant in full. Certain plants Of
the American Sheet and Tin Plate Com
pany are still operating 100 per cent
but the general average remains around
50 per cent. The msrFet is still un-
changed at S4.75 case box OF 100
pounds, Pittsburgh. growing demand
for tin plate for exporting oil is noted
Recently there has been a good de-
mand FOR tubular goods. and this Is In
~'Teasing in volume. with a fair amount
OF distribution. The demand for oil
country goods runs into the large sizes
keeping the larger pipe furnaces in oper-
alton. The market IL steady. as to prices
the regular list being observed by all
sellers, with no premium business worthy
of the name. Production Of the pipe
mills is estima ted at between IS to 80
per cent. of capacity. which Is above the
proportion of production of finished steel
as whole. Pipe mill operations in
March and April were much better than
had been expected and then showed a
considerable gain in May Buyers are
calling on the mills for better deliveries
not that they are in urgent need. but
that they are afraid the mills will not
be able TO keep Up the present rate OF
operation.
The scrap market in this district re-
+ fuses TO respond TO the Influence exc
ercised by the high bids OF dealers In
Y the Mahonng Valley Large tonnages
on recent monthly railroad lists, usually
stopped by bids either In Pittsburgh or
east OF that city, went TO the Youngs-
town district as high as Sfs.S5. $3.50
and $3.50. Local users will not bid
higher than Si7 for heavy melting
ecrap. Compressed sheets are un-
changed, as high as s15.75, delivered
Weirton. w. Va. still being offered. al
though Youngstown companies are pay
ing SIC and higher. Dealers are get
ting orders in hand well cleaned up. and
yard stocks are accordingly somewhat
depleted
The pig iron market continues stag
nant. and probably on the whole does
not present so strong front as week
ago. The con'r-,,~-. apathy Of buyers
II beginning 10 be noticed as there Is
scarcely any inquiry, and there are ru-
mors Of some resales being made at less
tfhan what Is considered the regular or
0rvtabie market which remains as ft1-
3low7; Bessemer, S25: basic, So;
: foundry. s24
In spite NJ the continued gain4 In
coke production In the Connelsvilloy nd
Tower Connellsville regions the aus 4titv
of coke offered in the open marke docs
not Increase enough to make anfhng
jike regular or open trading krket.
The condition Is simply that OF \ little
coke being found here and there. fothlng
like n regular supply thS can n traded
in Production OF merAhant 2 has
r'sss non'n. b su, Z the to- tonnage pA.siSs ourS
the open market s ,onlN I'd vely
ANAL fraction OF thlai