Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1888-04-09
NEW YORK METAL MARKET.
Trade Generally Dull and Purchases on'y
for Current SeSds.

ANAdc UoASAaey
for Current SSSds.
NEW YORK, April 6 -BTadstreets, in its
summary OF the metal markets, says: From
reports received by the Ama'gsmated As
socistion of Iron and Steel Workers from
Lodges, concerning changes desired IN the
scale 10 be adopted in the Convention to
be held the second Tuesday in jane, it ap
a that only slight notifications will
De requested, and that substantially the
wage Of the past year will be continued.
Both Western and Eastern mills have
been booking orders during the past few
DAYS, and the business for the year to date
will fall VERY little short Of 1000 tons
The aIlotments are limited 10 1,OoO,OOO
tons, ami q further addition will probably
be made by the Board Of Control BY May ].
The iron trade generally IL dull. Con-
sumers throughout tie CoaEtry continue
10 purchase for current requirements only,
and in Consequence prices have 9 down
ward rather than an upward tendency.
Idle capacity has hesn v~aTiously esti-
mated at from 100 to p per cent. IN crude
and finished iron. There IS q fair inquiry
for structural iron, plate and tank. Arch
~tsetural iron is in good request. Nails
are improving in demand IN all markets.
The STANDARD Oil Company aod two or
three large pipe companies Will, 1t Is ex-
pscted, place orders for pipe in the course
Of two or three weeks.
Crude iron Of all kinds Is dull. No III
crease in production is contemplated at
present. Foreign material is under in
ouiry. but large orders have NOT been
placed for some slime. The consumption
ofiron and steel in railroad shops, lOcomo-
tive works, Car works and ir general ma
chine shops continues up TO the full aver
age OF the season.
The policy Of consumers throughout the
country is 20 cover only actusl require
ments. Eastern Pennsylvania iron inter
ests are requesting such modification Of
freight rates IS will enable them To com
pete with other sources Of supply.
The decline in coke IL helping Western
furnaces and Kill interests somewhat, but
The coke syndicates are aiming at another
advance in price. Southern furnaces are
doing remarkably well, and have secured
considerable business recently from West
ern markets. The current comsumpt.ye
demand is below the actual eonsumptiye
requirements, add greater activity IL there
fore counted upon by the trade at large,
although no improvement in price Is prob
able.
Iron and steel prices at mill or furnace:
Apsil6 c, March 30,
rig p psgT io an.n, ~. so 5Oa2i 50 SO PO92l so
Bar Iron. refined, per ID. 2a21&c 2a2tSc
Sgeel Rails, per ton. .-.. 81 80 81 %
APEns, Lowest.
Pig I Iron; an'h,, No. l. i Sa5, 50 s1s 49, q
Bar Iron. refined, per ID. Gs25Oc
STEEL Rails, per ton. So tOai0 % Sc so
Comparative prices Of other metals in
store:
Apr. 6. Mar. 30. Aprils s, LoweL
Copper. lake ID l6.6Oc Ice lOSoc lOIzc
nestle. 10 49, ~. AS7S $40 $50 g.
Tin, straits ID: ..~. 1915 $5 rs 1914
domestic, B-.-,. S sGH 4IOais5 ~
Copper has been steady at about Ice per
pound, or a little better for spot lots OF
Lake ingot in this market, with Chilli bars
ranging just above 30 pounds sterling at
London. The March output OF the seven
reporting mines is stated at 1855 tons
The Calumet and Helena COnpany's prin-
eipal mine Is about to be opened for the
hrst time since the fire.
The Bate papers speak in glowing
terms of the possibilities for the Anaconda
property after the completion Of the new
They say that the annual produc-
ton will not . fall short Of 6S, 600, coo
pounds Of copper, besides o very consider
able amount OF silver. Copper stocks have
been weaker in the Boston market in
sympathy with other securities.
At st. Louis both merchant and pig iron
prices remain unsatisfactory, but the vol
ume of sales is moderately large, although
most orders are small.