The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-12-06
THE IRON MARKET.
THE CONDITION OF THE TRADE.
40 freeept'bla, Change In Frlrts- Condition Of
Pls Iron EsIr-Steel Rail HusIat.u not In
\ snsh a Slough "a Rspor,sa-Carsest
Industrial and Manufacturing Notes.

FR iron fAit-Steel Rail luslhtsa not In
sash Slough "a Rsporssa- Carfent
Industrial and Manuiac.uslng Notes.
pnlLApELrlllA, December, 5.-The iron.
market remains about the same as last
week, their being little change II. any di.
rectlon. Tho feeling perhaps Is n little
more. settled, but the Impression made dur.
my tiie recent furry has not entirely sub.
slued' 80 that unless supplies are absolute.
~ required purchases are postponed on the
ctiaitces OF lower figures later on. h,
fr'ces on pig iron are Il triflc easier, but
mere are some branches which are firmly
tteid at quotations current for several
months past. Their are exceptions, how.
ever, aad It would be useless to ignore the
iaet tiiat the market shows symptoms OF
gradual weakening. Stocks are unusually
liSht, so that tho decline Is not because
OF any Immediate pressure 10 realize
(althougli there are a few such
casesh but because clearly de.
hhed reduction at once Is considered
saler liian tocarry stocks on m uncertainty.
IL 1is pot likely that stocks will recede
much Il anything below. the rate quoted
to-day. Deliveries on old contracts are
being kept npas usual, so that as regards
surplus stocks, buyers are not likeIv 10
secure my advantage by waiting beyond
what could be had to-day. Sales during
llle week ior Philadelphia deliveries have
neen made al tho following figures, accord.
ing to brandt No. foundry from SIS to
- oo, No. foundry S24 to $24 80; Gray
Asalc Of lO,O00 tons Of foreign Bcssemer
IRON has been made, but the terms are not
quoted. Other lots are under negotiation,
ut s23 asked and $40 bid. Several thousand
tons Of American sold ut the FURNACE ior
500. 'D'I ~ GHt~80I'~"" - - go Aso -! ~ ~
Business in manufactured iron has been
very quiet during tho past week SO for nv
REGARDS sales, but deliveries are being made
OH old contracts pretty well up 10 the full
capacity oi the mills. The uncertainty in
regard to prices, and the near approach Of
the holidays has tendency 10 restrict
business ior, the present, but there is no
reason "a TO anticipate any serious falling
OIL III consumption, so that II large orders
are not gwen out, Il continuous run OF small
ones may be expected in their stead, The
lscllng IN financial circles is too unsettled
70 warrant very sanguine predictions. As
regards prices, the market is not satisfac-
tory, and cost OF production will have TO be
reduced in order 10 give some margin to
manulacturers. In the meantime muck
bars have sold ut $40 TO S1l nj The mill
merchant bars $25 for best refined down TO
s. % for ordinary. j. IL = '.'''}'>J
The steel rail trade is in 4 fair condition
Notwithstanding reports TO the contrarv
Prices arc low, It is true. but Il Il MT A.
all llkeiy that the companies will suffer
loss even ut forty dollars, and the tact Of
stet large sales proves conclusively that
consumption in 1888 will not fall far short
OF OIL inc year now closing. More than $780,
goo worth o' new business within fourteen
days distributed among the. three mills
nearest Phlladelphia is certainly not a bad
showing. at the same time, it is hardly
probable that they will continue 10 nav for
labor us when prices were len 10
hitcch dol!afs per ton higher than at
present. Hence, q moderate reduction
may Do insisted upon, or the works will be-
ciosea until ah agreement can be arrived
at. 1t is highly probable, in fact, that the
contracts ior iorty dollar rails are subject
10. cancellation in case OF di,Hcul,ies
arising on this question. M.
Industrial Notes. l.
4, Wllliam Z. Pollock 4 Co., YOUNGSTOWN
have just completed two six.ton ho;Iers "a,
tne on!o Iron and Steel Company, Lowell
kyle 4 Co. are making charcoal at New
castle, Oh0, in ovens, with every sat;sja..
tory results, tue yield being % per cent
more than by the old plan. H.
vlfsinla VIII soon have the largest iron
furnace in the United States. The Victoria
furnace lin Rockbridge) now nearly Randy
TO be put in blast, will daily produce. Il Il
expected, 200 tons OF iron. This furnoce 10 10
owned by the Iron and Steel ASSOCIATION oi
Virginia, composed of English canitaI;s,s
anu 1t comes into tho iron world mn
hera!ded, having grown up silently in tha
ns'hla mountains; but for solidity and
can DO found elsewhere in America
Business on the Panhandle never wac on
arRc, fa and day after day trains are left over
lor lack Of motive power.
Ing majority OF the engineers who run
reigrt elElnes on the Pittsburgh, Cincin- (.
~; nali y 81; Louis lines lust month, earned
sloo, and some from SlG0 to SlG5. Enpi.
basis. ,-l .ly,l.'. - - 'As 'i'''e1se
:, = inc annual report Of Mine Inspector
Roy o. Ohio placed the total number Of
IONS Oh Goa! taken out this year at 0 .45O 00GI
an excess over the yield OF 1881 OF i.O06 OOo
IONS. The total supply OF coal in tie State
YET yet nnuevelopea is estimated ut S. 900 0eO.
uoO IONS, or ut the present rate of consumn.
i'9m 81, enough 10 last for 400 years. -
-, The crushed coke industry is improv;n,
Inc product is not only used ior domestic
purposes, but by manufacturers Of saies
charms, axels, shovcls, files, bolts, apricul..
tnrai impllments, brass founders, majster.,
blacksmjths, steel manufacturers and tubs
works. So heavy is the demand growing 4.
that the Erick Company, OF Westmorland
county, Pennsylvania, intend to enlarge
tAe capacity Of their works. -11'''- q 2
=, Seventy weavcrs in the Clifton silk mills a
!, Ir,atterson, N. j., struck yesterday because
the proprictors posted notices reouirin"
pay Tor all spoiled work. I''i7 - +.
n.5j; Philadelphia Fires. .5,, Il
IilIlAslp,ELrIilA, December 5.-One Of