Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-01-01
IRON AND STEEL.

IRON AND STEEL.
omethlng Like = Boom Going On In These
Lines of Manufacture.
The ipcipient boom now going on in sll
ines Of iron and steel manufacture have !
brought joy 10 the hearts Of al inter
ssted in those CREST industries, and is re-
Iponsible for very much of the general
lood feeling and business confidence pre-
gailing through all branches of mercantile
and industrial endeavOr. Money hes been
made in these departments over and above
the return which iron and steel mer have
been accustomed to handle, in recent
years, and all are looking forward to the
new year with q confidence that it will
bring them still more remunerative prices
for their output.
J. vANCE's VIEWS.
Mr.. J. n. Vance said yesterday:
THE situation, as applied to our in
dustries, can be summed up in one word,
Nails have advanced to con-
siderable extent, iron is up about 40 PER
cent and steel sells at about As per cent
advance, with very active demand all
around st the advance. The last
six months show an especially
LARGE increase r-- the preceding hal-
year, and 1 am looking for
large business during the first half of
1890, with probable additional advance
in quotations. Orders are coming in all
the time, and we have even been COM
PEELED to refuse some for fdture delivery.
So great is the general confidence in the
trade, that buyers are using every en-
deavor to have their orders accepted. as
long as four months in advance, at ruling
rates, or as near to them as they can get.
/ have Just this moment refused an order
for May delivery. We have booked some
orders for January and February delivery,
but they have been at an advance over
present ruling rates. l think the outlook
is a splendid one.
Mr.. JOSEPH BRADY.
Mr.. Brady, Secretary of the Wheeling
Hinge Company, said:
1.-The year has wound up in very
prosperous way with the iron business gen.
orally; and the outlook seems to very good.
The IRON men men seem to be entitled to
q sort of a harvest time, every ten or
twelve years, and it looks as though this
was one of the periods when they will
reap some reward. 1t takes faith and
patience to secure anything like adequate
returns in industries of that class. With
Us, the year has bsen good one. Sales
have been large, although there has been
small margin, because Of the rapid ad-
vance in raw material, but things look
better for the next few months. Our
small wares have not yet advanced, in
sympathy with the advance in materials,
bat will do so"
n. Z. WHITAKER.
Mr.. Whitaker was not one of those who
looked upon the business situation with
entire cOmplacency, speaking from gene
raj standpoint. OF his own business, he
said:
Business has been very good with us
during the past year, but there ls some
thing of a dullness at present. The sd-
vance in raw material has caused the mar
ket to become somewhat unsettled, and
buyers seem to be deliberstinR, at present,
whether to take hold or not. think the
general outlook is fairly good, if the ten.
dency to boom things can be restrained
NIB. W. T. GRAHAM.
This gentlemen, of the Standard mill
management at 4Elnaville, said he agreed
with the views Of Mr.. Whitaker, thar
whom there was no clearer-headed business
man in Wheeling, as to the general situa-
ton. OF his own industry, Secretary Gra-
ham said:
1--WE have had all the business We could
attend to for the pest two years, and while
the capacity OF our works for hnished pro-
duct has been increased to double what 1t
was early in 'SS. we are still pushed 10 the
fuII limit. Business generally can be said
To hsye been better the past year, aud 1t
has held out unusually we'll. Usually late
in the fall and winter there is falling on,
but it is not so this year. As far as the
fnture il concerned, We have no doubt
about the first six months of the year. 1t
is very promising indeed, aud there IS
good demand in every line"
JOHN A. TOPPING.
Secretary John A. Topping. of the
.Fina mill, said: go
"I sbouid say that our business for 'S9
has been better than that Of 'SS. The IRON
Irade is in a splendid condition, and
Ihink ths outlook could not be better, at
EAST with US. as we are full up with Or
hers We have never been exporters De-
fore. but now We are shipping a great deal
n iron into Cauads, and no doubt our
business in that direction VIII increase
VIEWS or AN "JNKNowN.
A Gentleman. who did not cafe to have
his identity discovered, said:
"The iron trade is ia a most interesting
md l may add satisfactory condition, es-
II Won are a manufactures, or bet
lsr sIill. if you are on the right side OF the
,;g iron advance. There is big money In
Rssssmer pig. for those who had the nerve !
- 90 in IL when il was down low. Let me
.sli von something, which will indicate to
.onr mind that some of Wheeling's popu-
= .;on are prosperous, and also lucky. |
Thsra are between twelve and eighteea
thousand tons of Bsssemer pig held rign'
m this town, for speculative purposes
That iron was brought down as low as SIX 1
cen dollars a ton, aud from that mp 70
,ineteen. and there is an average profit o.
,ix dollars ton on it. One little party