, 1881-06-18
IRON TRADE DEPRESSION.
Furnaces lately Out Of Hinst-Priccs
Pushed Too lE1gl, Let III Kttgllxss Iron


Pushed Too High Let III KtigIsnss Iron
Notwithstanding. High Protection.
PHILADELPHIA, juno 15.-There has been
50 much tnlk recently OF depression III tho
Iron trntle nnd OF furnaces going out Of blast
for want Of paying prices for plg-iron that
tho trt.tle papets have taken UP tho subject
and nru making searching inquiry into tho
facts. Tlley find condition OF things bad
enough, 1t is true, but little, II any, worse
tlnn 1t llas beer, for the past year, and BY no
means cn,,se for alarm. There were In the
United States OIL the 1st Of January 4Ts
fnrnncf.-stacks III tlnst and ~ silent
On the 1st Of April the numbers wore repect-
lvoiy As3 anil ZIG. Recently about twenty
moro furnaces fl Eastern Pennsylvania,
with ono or two In New Jersey, hnve been
blown out; most but not all OF them oil ac-
count OF tho low price Of Iron, which pre-
vented their making II nt.a protit. Tile fol-
lowing list, Just prepareAb by the Pll!ladelphin
correspondent Of the plttsburg american
manufacturer, and corrected from inforna-
tiun oltulue.t ut tic olllco Of tho American
Iron T. Steel Association. Is believed to in-
clude all the furnaces TINT l,avo recently
stopped. 1'erllaps nh equal number Is likely
tn blow out soon, but those best informed III
the tratlo do not believe that the number will
bb exceetlsti. In tho Lehigti. region three
stncks OF the Allentown Iron Company have
leen blown ont, two nf tho Crane Iron Com
Eay d tro "e t"n,n9 yn: Of the oniax 1oowqS III
ea'sDm esapany iron Easel'iI Iron op'Ga Go!npa"y.
i;!elltlon -Iron Company ,treb nllsllnE).
AlacMlglv Iron Company trepa!rlng). In Tug
Schuylkitl reglon the following one ~ ,' stack
!: .. Ato!rellead l. GO: (re!ln!nKl: ]; y J..
Wistar, Gnrretson s. 70. ,(fAtIedl; lten!l!nE
l1on A WoTEs, %rG Glynsr I & e. II a'llta M I'm
ss%sa''a susSi S s restos % Tie iIeekhi Iron ~ al
Coal Company, ,.nl Peacock u Thomas, III
tha Juilintn regl0li;. a,lH tho Port Aran Fur
,lacr Company. III Northern New Jersey, have
merchants, Intends to qult tho business. On
tho otlicr ,tllttl, twp Or tlirce tlrllaces nave
sscentiy bss! 1sRlte, s,nos !|ein 4aa,dm ths
which was started ,ilp yesterday.
Secretary SwA,ls, OF tho Iron g. Steel AS
socinllol,,. docs. not believe uioro will be IL
pan!c, ne!tllsr does ha belluye that the pres-
p0rary furry, lily thinks tint prices l,nre
settled to Il lower lovel, forced down by the
competition OF English! irOn. Alld tlt't they
will remain, there until raised agatn by tiie
h0 says, Is A1le ~ pr0luce iron much more
clIeAply than this country, beea!sst |lern ore
must Ge hauled over hundreds OF ll!les Ut
nl i'ses. coal likewise ssast EonsrIis 6u brouEl,t
from q DISTANCE, aud the Iron WhGM NUDE
ilas. another luMg journey t1 ranGtl Ms
seaboarA n!ati q market, while In 0roat Britain
togutllUr, and ull are ,lrar. tho sea l4nhor H.
cluapur thc!s, anl tug prices 3f ore a!id coal @
nre lower. Thes1 points ennblo the British
f1lrnaGrs to produce 10 Ml.!el! mo Mloru el,tayly
thnn tleir AlnertGnlt competitors, thAt, not.
wtllstalidinK An lnlGastsn thrill tax On Tor,
the!r Iron III t!lis country. esneea!ly slMce ~!