New-York tribune., 1876-09-30

an over the country; that many Of the larger comps
MES using only oneha Of their furnaces that COM
panies in various. places quitting the business and
others continuing starvation gains. and that thou
sands OF tons lie piled up the furnaces with no pros
pect OF sale. Whether that is TO continue long or
short ime they cannot the foreshadoving of
demand There is o slight hope In tle matter Of raiE
iron but 1t has not yet made Itself very evident
Those who believe market about 70 rise base
their hopes great part upon the unusual suceess Of the
Thomas Iron Company. Various stories IN crcular
ton Of immense orde upon this eompany-a company
carefully watched as its business Is very large, and its
prosperity depression somewhat like barometer Of
tie state of the market Another cause Of hope Is the
fact that several shrewd SPECTATORS are buying exte
have information of coming demands yet kept
sscfe from the people The hSpef %or
than the mere autumnal call for iron horse
for Winter They believe that It Is the dawn OF real
and lasting prosperity T9e officers OF the Thomas Com
pauy hold this belief Although their business has never
been very badbeng able 10 sell without delay the pro-
duct of four furnaces during tue Whole time after inc
furnaces which had been blown eut at work again.
and the orders for their goods although unequal 10 some
ali their fnrnaccs They think that tine demand wiz In
crease steadily and though the large stock held by the
10 sell will prevent prices going up tor tme
they win experience an Improvement before tho
George r. A. Davis Of No a. Exehaneeplaee said yes
terday that he felt very confident Of aPproaeg ros
Just made contract for 10 600 tons OF stee eontrzes
the falhnlenL of which would keep them busy Tor
eral months. Other firms within his knowledge were re-
eeiVng business, and blewn0ut furnaces were get
that America bound TO hold England's
position In the iron and steel business lie
had 0 circular from Sanderson Brothers & Coz
the great steel manufacturers OF Sheneid, the
first paragraph Of which Is follows: Gentlemen,
inasmuch the founder OF house were Tie pioneers
OF the AreFican trade and conspicuous among the
earliest manufacturers Of east steel after tbe death OF
inventor in l776, II seems appropriate tat we shoud
also be frat accept the logic of events and transfer tho
manufacture OF English steel to America; VIC have
SandersOu Bratherd Steel Company, an American COM
panY that win continue the business OF our present
frH in America" The circular adds that the
American Company viii manufacture the same
that a responsible steeinaaker, educated in their
works IN sheffield will take charge. One interesting
clause is Using the brands OF swedish iron un
American iron shall be found to equal IT, The INFER
maI;es st as good steel Swedish. but people gener
ally believe t yet Tins circular MY DAVIS THINKS
a good sign of tho approach Of prosperity. he holds
tBat the faT-seeing English capitalists are much better
judges Of the state OF trade IN America IMAM Aereans
themseves An old company like the Sandersons would
never start manufactOry in the United States without
strong probabilities Of an American marEct
Williamson a Co. OF No. 90 Wal-st da4ers IN Scotch
and American pigirOn said that they were much de
pressed with the outlook. The Glasgow market for
somewhat Lately, but the saes were sLaLl. La TINS
country they were doing almost nothing.
OfIeT in the city differed IN their opinions, some
believing that revival prosperity had begun, and
muated Rmer statements indicated that the iron trade
is in somewhat prObiemaLea condition, Dut that the
present state Of the market Is more favorable tan inc
Nat depression Of the past three years.