OCR Text |
Show Metal Review. NEW YORK. Jiiy 6. GovcrnmeDL " requirements now absorb between S5 and 90 per cent of steel production, and demand is constantly iricniasing. Orders are now divided into classes A, B, C and D. The first two carry priority certificates. Class C comprises essential not so covered, and cla.1-'' D those for general purposes. Clays D orders i for five tons or 1pk may be delivered when re- quired for public utility. Larger amounts may also I be distributed from surplus sio'-'k, always sub- ject to permission of tho director of steel supplies. sup-plies. The same rule applies to pig Iron. Prices for eteol, wire rope and steel and malleable castings cast-ings will soon be fixed by agreement. Smaller iron furnaces complain they canot operate op-erate at present prices v. Uhout lo.?s, aod efforts are beins made to effect an arrangement that may i provide in pome way for them without distutb- ing prices of the lower-cost produt-ers. Copper Tias been advanced to 2Sc a pound or above ihe former price. The new prices are oprati ve between July 2 and August 13. It iE expected that refinery output will be increased thereby. The official price of inad has boon raised "to S.Oiic, New York, but East St. Louis remains re-mains at 7.15c. Supplies, however, are so scarce that no lead can be had under SVtc. New York. Bnnca tin ig more freely offered ajid is replacing Chinese: It is quoted at 91c at Pacific coast and S7V;? for shipment from Bativa. Straits are not offered before August and then subject to permit at S5c. Spot tin is valued at 9-Jc. |