The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-12-15
IRON REVIEW

New York. Dec. 1%.-The Iron Age,
in It's weeklY summary Of the iron
and steel t!aGcs, TO morrow Will say:
The week has brought greater &C
tiyIty in pig iron at Pittsburgh. with
sales Of 10000 tons, q continuance OF
the high ate OF pIG iron production
throughout the country and a notable
reduction in the accumulation OF fin
lshed Steel AZ Pittsburgh district mill
~ more car have become available.
In It's decrease OF G2,UQO tons In
November the Steel Corporations
lo,al Of untitled orders indicate that
Is what Is 10 be expected also In this
last month OF the year and in the
case Of all steel companies with the
present remarkable output. AS high
us 80 per cert Ct capacity has Ceen
reached this week in the Pittsburgh
district bat there; will be some falling
off in inEot production in the holiday
season aud the piling OF a cores
ponding amount Of pig iron.
With a net gain OF three furnaces
IN the past week, there are now In
blast in the Warren, Ohio, Wheeling,
". Va and Johnstown, Pa. triangle.
90 ont of 1879 furnaces. or nearly twice
as many as at the low point IN Au-
gust.
Manufacturers OF wire products n
pipe are making little n any gain on
their obligations as demand Is sfl!l
large but in nearly all other products
consumers are well taken care OF by
deliveries on old and In some cases
quite low-priced contracts. Under
such conditions the tryout Of priceE
on quantity buying on plates. shape
and bars IS likely 10 be deferred ioT
several weeks. Meanwhile most mills
consider It a &c market In spite OF
1850 and 1.90c exceptions One OF
the latter was made in the case o!
5000 to 5000 tons OF plates for the
PENNSYLVANIA Railroad, all OF delivery
this month.
For the first tins III two years
farm implement manufacturers WHO
buy from Chicago mills report a sui
ftcient Improvement in the outlook
for farmer buying to warrant an IN
crease IN their production programs.
In the automobile field some orders
are being placed for spring andfrim
steel, but 1t IS o. .or January ship
ment, as is some bar business JUST
tancn at Cleveland.
Some Central Western mills stii'
have 8 S.25c price on black sheets. or
81 below the recently announced price
or the Steel Corporation.
Between $4,000 and 10000 steel
cars are now under more or less &C
tive negotiation. the buying OF the
week amounting to 5000 cars, TNh
fresh Inquiries for nearly 5000. Nine
" locomotives have been added -
the pending business. Chicago dis
triCt car builders. Il all pending ousl-
ness were closed, would have neariy
a six months supply.
Activity in pig iron shifted the past
week TO districts in which there haG
been little buying. particularly Ch!-
cago and Pittsburgh. and sellers IN
nearly all parts OF the country nave
been marking up prices. though they
report little done at the new quota
lions. While nearly all recent con-
tracts we're for first quarter. a limit
ed amount for serond quarter deliv-
cry has been placed, but the price
which will prevail for the latter per
iod Is uncertain. The latest transac'
lions involved about 10000 tons OF
various gardes at Pittsburgh and
nearly an equal amount at Chicago
Bessemer has declined $3.50 In the
Pittsburgh market and Mallable 81.
Germany has sold $4,000 tons oil
rails to the Far East at s24.26, /. o. b.