Show I Mine and Mar Mart l Comment i By LEE WILLIAMS S WILLAMS i I jj 1 STEEL PRICE E ADVANCES Iron Ion Ago lIsLe Hats as 8 encouraging features o ot of t the Iron Irn and nd steel stel mark market mar mar- k ket t. t the impending purchases of railroad equipment seasonal orders order for r rails l. l sustained demand demand for pig pi Iron Irn that tnt has h forced prices price to higher levels level and further Lurther signs of oC strength in finished material particularly bars bs It I is pointed out out however that there tere are ar evidences s of taperIng tapering taper taper- ing operations in the automobile Industry In In- In stry du-stry and indications of gradual reduction of mill il backlogs with shortening o of deliveries Advance In heavy hov steal s scrap ra- ra prices at Pitta- Pitta bur burg was interrupted by y a 2 25 cents cent a Q ton decline Iron ron Age composite pric for finish steel has ha advanced adan to t. t 2369 69 cents cent a a pound t the highest since June Jun 1927 from cents The pig Iron in composite has ha risen to 12 1825 1325 a a ton from 1792 marking tho first time it has crossed tm ha crosse 18 8 in more mor mor than a a. year yer I |