New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-12-25
DEPRESSION IN IRON MANUFACTURES.
ovER-pRopucuoN BY THE NAIL AND PIPE MANNERS
RoS-MAKING NORTH AND SOUTH.

ovER-PRoDUCuoN BY THE NAIL AND PIPE MAhh'9
-TRoS-MAKING NORTH AND SOUTH.
The depression in the iron trade is general,
exeept as regards certain specialtes TOT "hoh cre "
6xed market value. The closing down OF the western
mai, factories was caused by overproducton What us
effect at the East will be cannot be definitely stated uni
tho States Nail Association holds It's meeuhg on
January 10 There is difference Of opinion among tho
members OF the latter organization as 10 whether sup
mage OF the mills In the East viii ensue inc uehcsS VI
the Western mills will greater demand ior 'no
nails manufactured at the East The stock on hand at
rcaent IL light and IL will be lighter after the holidays
A universal shuttingdown OF the Eastern mills Is Hniop
obIo although IL Is favored by OF the large manu-
facturers The nai factories constituting the western
association are about twenty-five, each employing Ho
100 10 600 persons who thrown ont OF employment
The measure adopted 40 Pittsburg had been CON
templated for several months At the previous meeting
the association declined to take action This In the opn
ion Of James c. Holden secretary Of the Atlantic states
Nail Assoeiation was a mistake from the mill owners
main. OF view as the failure 10 act then had put
nrce Of nails to 81 % 81 40 per keg Taedcuty
In sustaining prices Is thai there are too many nan ma
chimes in existence for the demand
| In the manufacture OF wrought iron pipe anu
| ,uhes about fifteen establishments are engaged.
The business was fairly good until six months ago, when
marked decline began caused largely by the cutting
rr4ces by different mills All OF tnein except nose o
aoed I'm the manufacture Of specalties nave been com
PEELED to reduce prices and the decline Tor the yea
has amounted TO % per cent On December - q noV
nrce list and discounts wrought iron pipes were agree
IN nv ALL the manufacturers TheCOuteTJo"hat says
costs Al to make a ton OF iron in the east gives ga
testimony OF Frederick sloss, the secretary o. w. p
insurance Company that iron can be made IN BIilhg
ham, Ala for $il OF ton gives tue gsserIons 30
Others that IL can be made for ~ ton III Alapaa; n
asserta clear advantage over Cleveland ana fltsDui
! of 33io per cent. But the present COSY 90 o
Iannsfy l. In consequence OF the reduction IN wage
ordered 10 take effect that date viii be- about II
Ieading iron manufacturers say that IL has been nad
for Al and could made for that amount nov Dy re
dnens expenses Many Northern capitalists lnterestG'
I'm The iron industry, have been offered the ln9st
ro,crties IN Alabama their own terms, ana III e 'et
rsre "a stated In The OOaieFJOUrrat, they would nav
seized the opportunity TO acquire them. Ai'et i iS
Fiction they arrived at the conclusion That Y0u no
nav them 10 20 into the business NJ the oonh nov
nor for twenty years to come, perhaps siIH
| Whep home market Is secured, the rich ore or IN
Hlabama mines will he In demand But when the reaul
a. TIan1 the blowing out" OF Northern furnace, IL no
iIbIc o foow The demand for iron products az owe
the world win greatly increased as 70 MAKE inc u
dnstry In Pennsylvania and ONO moro prohtaDio tha
|