The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-05-12
ABOUT IRON AND COAL.
NO CHANGE IN THE SITUATION
Regarding the Iron worksrs-Ths Vital Polst Has
Been RsAshsd-Ths Altered DsprsEsioa In
BuiIn,ss-Ths Coal Operators Aud
-- The Trade Tribunal Proposition.

PTTrssgRoH, May ll.-There are no new
developments in the industrial world oi
Pittsburgh to-day. The Amalgamated
headquarters have a deserted appearance,
and President Jarrett was allowed to pur.
sue the even tenor Of his official duties
uninterrupted by callers There cannot
really be any change in the situation until
another conference il held of which neither
side has yet given notice. A carefully pre-.
pared article in the Iron Age says:
"What the outcome will be is, OF course,
uncertain; still, guesses may be made which
will indicate more or less the probabilities
ofthe outcome, according as to the person
making the guess has facilities for learning
the inside views OF either party. II seems,
however, to be fact that the leaders on
both sides have not yet fully given up hope
OF settling the difference without contest,
but, at the same time, both parties speak
determinedly as to their intention not 10
yield. One good indication is that there Is
an entire absence OF the bluster and bluff
that have been manifest in previous strikes
prior to the beginning OF the contest. Both
parties seem 10 realize that these contests
have now come 10 point where they are
no child's play-that the interests involved
are so great and the suffering entailed by
strike 30 lamentabie as 10 call for earnest,
honest work and statements.
~. DEPRESSION IN BUSINESS.
"That there is depression in business
no one who has the least knowledge Of
business doubts. Not only has there been
a decided reduction in prices, as can be
seen by anybody from the quotations made
from week to week in our market reports,
but there has also been falling of in de-
mand, and while it may be true that the
consumption Of iron will be very nearly
so to that in, say, 1878 or 1879. 1t Is also
true that the capacity Of the country for
manufacture has been so largely increased
In that time that the mills will be abun.
dantly able to meet it without running
anything like full time, and this means
stoppage OF some works or cutting OF prices
10 get orders, aud this will 10 until the
point ia reached below which 1t is impos.
sible to go. When capital is exhausted,
bankruptcy will follow, and this seems
about the course OF the iroH trade to. day."
PITTSBURGH PIG IRON MARKET.
The situation Of the local pig iron market
remains about the same as last week. Bus.
iness continues very dull, and, in view OF
the probability Of lockout June lst, con.
sumers are buying only as their immediate
necessities require. No definite arrange
ment has yet been made in regard to the
Marshall iron. There is no way OF dispos.
ing OF it at present unless the price Is put
down low enough 10 tempt some one TO
buy it on speculation, and this is not likely
to be done, as few OF the creditors holding
1t can sell below present prices without los.
ing money. So far as furnacemen are con-
cerned, the sooner this iron gets into the
hands OF consumers the better, for as long
as it is unsold buyers will take advantage
Of it to bear the market. We quote as
follows:
No. foundry S2l 50a22 90, months;
No. 2 foundry, $50 0Oa20 so, months;
Neutral Forge, SIS s00al9 90. months; Red.
Short Forge, $40 O0al9 so, menths; Besss-
mer, S2l 50a22 90, months; Coldblast
charcoal, SIS 0Oa35 10, months"