New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-11
TIE IRON TRADE.

GENERAL DIZZINESS IN TIE BUsINTss-NItWS OF
PROMINENT MERCHANDISING PROSPECT OF IA
yoRAPIE CHANGE THIS INTERPRETATIONS
THAT THE CENTENNIAL WILL REVIVE TRADE
The report of the Secretary of the American
Iron and steel Association, synopsis OF which was IT,
Gently published in THE TRIBUNE, shows that the hii'
ing in the consumption OF iron In this country Tor the
year 1874 as compared with that OF 1873, was apoul
100000 tons, while the production was much greater
than was anticipated. For the purpose of obtaining t1c
OF Of the iron merchants Of this city with re-
gard TO the present condition OF the market II porter
of TnE TRIBUNE visited several OF the LEADING houses
with the follow Ing results:
George A. Evans OF Walst made the following state
mont. "VIrually we have no market. The br'mess
done at present exceed onehaf OF the producing
capacity of the mills and furnaces Prices are low anu
It now looks as though they might 90 somewhat lower
during the Summer No better time could be selected TOY
building railroads the price OF iron l. not more IMAM
onchaf what it was three years ago Locomotives 40
not cost over twohrds what they did then ana por
much cheaper Hence road may be built to-day cost
ing from 900 1000. instead Of $4,000 to So
900 per mile, AMI If properly located, the security VIII
always be worth good interest such figures Vt Win
all this trade is very light, with no prospect OF any
improvement in prices this year. For two years
past the roads have been greatly III Whhi 81
any considerable increase OF business WIN th'a "Vl
compel them to eXp.nd large amount IN ths way pu,
as long rs tine general business oil tine country Is l5 ana
the earnings the roads expenses are small ute
NAV be yrcced from thrm II the correct trrcs ind
eating the IRON trade of the country at present could be
obtained think should lind they would NOT mum cA
bic conditions II a sufficient increase in the actual
business of the country could be made TO
Justly an increase OF from , to 10 per cthl
fivorably situated could he run at fair profit.
A. it II. iron manufacturing establishment tas' -
caruing7 per cent upon The capital INFESTED may De
considered rs ponaly fortunate me DulK OF me
product OF the Bcssemer steel mus IN tniS co'y i1i
The current year has already been sold The mills are an
work and at small profit say or per cent on iio
actual cost We nave not sold any Beh' pen rams De
low T53 per ton. ut mill; While the price OF otr "A's
.,.s from rs 70 $50 per ton B., ,..o,.. T.,
foreign brands stated that the trade was very dll WIN
amy prospect of Improvement Inefe Vas nov ~
much doing now IS early IN the season toous ,dr t ,h
ought TO be of the best months o me yta. iot te
ron trade The stock OF Scotch pig in ths naAet va.
very light, while the importaiionS were confined 10 tr
brought over as ballast, sent ~ persons Oh VIC o,u'
side, and often sold somewhat DcioW cost OF iiola1
ton What few orders me iirln on',n.d %ero "T
No Prime brands sold al 49, 10 SIS; NO NJ 30 l"
$50 Coltness worth S3l. and -, nlon, 80 .,
said that the report of lie secretary Of the irn and S'
Association did not indicate the present condition OF me
business large number oi furnaces We, o -. u,s
late last Fail, and the amount OF pglron hrnS rounee
l,>t year while future prospect was Wuch more ns
couragiug. He did look for any improvement thls
maud and if baroE that now sells at 2'lo to 2O cents
per pound which is below the cost of production Wrie
The sales as wants it, The pres Mt IIIce" ws.c
equal III to what they "oie ia eod oeiote
Iotson e Co OF Dey-st said the principal cause oil
thc continued Iullncss rails and all either railway sup
II les was owing ia the fact that roads Were beng
constructed wnie little possible dong IN the W.
Of extending uch have already h'en ncSnn LIZ
great IL sir, 10 reduce expenses had IN ue-ohibiy ied
ia many cases. To The practice ~ idne t'ooh anu
tie roans were allowed L. fall into very hnt c"nhitl"h
Try thou-ht however that tiey could soc assurances or
a dee ii Improvement ono yer hence. Every one wis
rxpcct an increase OF business account Of the Cen
tuidl aud after the 1t OF January nest y wa Npcc"i
that he roads would be- pat in good shape for We coming
sumner traffic. Bat as Large expenditure must t'eh D."
made this only added tu the economy ot The present.