The Independent . e ofthe December quarter, which broke allrecords. The submarine war has greatly in-creased the cost of ocean transporta-tion, even when a carrier can be Norwegian buyer, after paying $26a ton for 4000 tons of iron, was dis-couraged when he ascertained thatfreight charges and insurance wouldbe $64 a ton. But foreign governmentspay prices and charges because theymust have the metal. Last week 70,000tons of iron were taken for Italy. Re-cent sales of shell steel to the Alliesamount to 300,000 tons, and 500,000tons more are wanted. The foreign de-mand for ship plates is s
The Independent . e ofthe December quarter, which broke allrecords. The submarine war has greatly in-creased the cost of ocean transporta-tion, even when a carrier can be Norwegian buyer, after paying $26a ton for 4000 tons of iron, was dis-couraged when he ascertained thatfreight charges and insurance wouldbe $64 a ton. But foreign governmentspay prices and charges because theymust have the metal. Last week 70,000tons of iron were taken for Italy. Re-cent sales of shell steel to the Alliesamount to 300,000 tons, and 500,000tons more are wanted. The foreign de-mand for ship plates is so great thatmanufacturers have been able to acceptnot more than half of the offers. Orderson hand are said to cover capacity un-til the end of next year. Prices paidnow are from 6 to 6V£ cents a the beginning of the war the pricewas 2V4 cents. There are foreign in-quiries for 250,000 tons. Great ad-vances are seen in the cost of somethings which the manufacturers mustbuy. The price of ferro-manganese has. ^THI* C\i( Coal Cost * HERE
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