OCR Text |
Show GOOD DEMAND FOR FINISHFJ) STEEL Industry as a Whole Now Running Run-ning Close to 75 Per Cent Capacity. NEW YORK, July 30.-The volume of business In finished steel products last woek wan heavy. The Increased activity In bars, however, was at the expense of prices. Concessions of $1 to $2 por ton were made, developing contract lor 5 ; 000 tons. It Is estimated that bar D.-Jora for 200.000 wore hooked during July. Tho railroads placed contracts for 37.-COO 37.-COO tons of rails and for 10.000 tons of track supplies, mainly In tho central west, but both car and locomotive .orders vvero insignificant. Tho most prominent feature fea-ture at the close of the month, howover, was the issuing of specifications for .20.-000 .20.-000 cars, Including 4400 for the Missouri Pacific. There was a sharp falling off 'In i eon' tracts for fabricated steel for buildings and bridges last weok. but the total contracts con-tracts for tho month of July exceeded 111,000 tons. ' , . Larger specifications on previous contracts con-tracts as well as new business for finished fin-ished material was reflected In tho Increased In-creased operations of .the mills and tne larger steel Ingot output of both the steel corporation and tho Independent furnaces. Tho Industry nB a whole 13 nnsv running close to "5 per cent capacity. There was a further contraction in pt. Iron transactions, estimated sates in an districts being less than. 70,000 tons, but a firmer tone is developing. |