Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-08-20
sRas.NE FULL or H0PR.
sA~snd.ncs Restored apd she Outlook Much
RrtchteS.

Bssehses.
A Philadelphia telegram says fh'
outlook for the iron trade in this cit,'
has grown very much brighter within
| che las. few days, and manufacturer
and brokers are feeling greatly enconr
aged. Word comes fromthewesternpar
OF the State that the same effect is seer
there. Manufacturers in Pittsburgh say
<he depression is being gradually lifted
1 from the chief industry Of that city
James NJ. Swank, secretary OF the
| American Iron and Steel Association
is visiting western manufacturers, and
when he returns to the city, as he will
in few days, it is expected he will
bring still more encouraging reports.
j. Cope, Mr.. Swsnk's assistant, in
answer to an inquiry as to the condition
of the iron trade in this city. said to-
day " Perhaps the report which comes
from Pittsburgh Of the revival in trade
there is little rosy, but we all feel
that the bottom was touched more than
month ago. since which time tho trade
has had an upward tendency. The cause
of the revival is easily enough explain
ed. The iron in the hands OF con-
sumers is entirely exhausted, and they
are at last compelled to buy; and then
there is general revival Of confidence.
Business is getting better ia nearly every
department"
observation-disclosures, Of the Cambria
Iron Company, was found sitting at his
desk in very hopeful mood. "0b,
yes he said, tive find general leok-
ing up in our line all round. Business
has been for the past few weeks climb
ing away from the bottom, where it
touched and lay fer so long time"
Captain J. +. Bsiley, one Of the most
experienced iron-dealers in the city,
said: II am in position to know
something Of the condition Of the iron
trade and what is being done at several
of the factories. am in correspond
ence with quite number of them,
and am sending them orders for plates
and bars. This work is used on
bridges. The Pottsville Iron and
Steel Company's factory is run
ming on full time, and they have
orders ahead to last them for some
time. The Fort Pitt Iron and Steel
Works, the Millyille Iron-WOrks. and
the Clinton Nail-Works are all running
or full time. These factories are owned
by Graf & Bennett, and the firm is
very sanguine of the future. Mr.. Ben
nett is an acknowledged authority on
tie iron and steel trade. | also send
orders for SHARED plates to the
] horndale Iron-W orks, at Downing
own, and the Central lron-W Orks,
1t Harrisburg. The reports from
hem are that they have lots Of or
lers on hand aud are running full time.
An important feature we find in the re-
'ival Of business is the demand for
teel over iron. ] account for this in
he cheapness of steel. 1t is made
low almost as cheap as iron, and as it
las greater durability fU rails, &C.,
cry few. iron rails are being bought,
nd, in fact. very few of them are being
nade. We are very busy anu very
opeful Of the future. The wLole
mount Of it is, confidence is restore
nd people have gone to work. | can
&c 10 reason why business should not
ow keep an upward tendency until the
hole country is again prosperous"
G. G. White. secretary Of the Phoenix
ron Company, also expressed hopeful
Jews of the future. He said A.: /" | can
ee little improvement here in this
ty ; nothing very marked, of course,
ut sufficient to know that business is
,yiving. But as to that all business
,eyiying, and We are benefited as
Tiers are, that's ALL" /