The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-11-04
ALABAMA AND VIRGINIA.
Admission Ores Cannot Compete
WSh the Old Dominion.

From the last number of the Chatta-
nooga Tradcsman VIC clip the following,
from the letter OF its special correspon-
dent at Admission, Alabama
| ''The Woodstock Iron Company's coke
/ furnaces have suspended operations.
| They werc banked for Il year. and no ono
knows huw much longer. Tho present
/ state of the iron market will not justify
tho company i'll running them, and as
| the matter now stands coke iron will
have to command large price before
( they will again he put into operation.
During the close down the new engine
| will I've put in and the furnace given tho
needed repairs"
For eighteen months past papers of Il
Gel I class interested in tho South
Law g'rHn the public glowing accounts
of ,t.int ticsc two furnaces were
! going to do. When completed, vast
stores of high grade iron ores close at
hand, first-class coke, and hardly a
chance for anybody else when they got
going.
Apart from the statement as above
that they could run and meet the mar
kct at ruling prices, we have reliable
private information that there is a very
serious question as to Il supply OF ores.
While VIC are sorry f,r our Admission
friends, we ought to congra tulatc Vir-
ginia.
At this time every furnace in this sec
ton is in blast and making money. and
can do SO even. if the market goes off
still more. In this connection we copy
the following from the admirable weekly
do r l.
view. of Cleveland:
that tho statistical position of pig iron
is a strong one, and is recognized as such
by both furnaces and buyers, the latter
of whom have given evidence of their
convictions by special inquiries and
larger purchases during the past fcw
days. AS usual, however, during Il pc
Rod immediately preceding higher
market several weak spots nave been
developed, and several large orders have
been reported as placed at very low
prices. The conditions which make such
sales possible. however. are in them
selves installable and arc foreign to the
forces which govern the market. South
crn furnaces, which recently advanced
prices, were all we'll fortified Tor such
action, being well sold ahead on almost
%. :
foundry, no further sales can In rladc
until next February, the entire OUTPUT
| Of the stacks having been contracted for
ND To that time.
| Tho decrease in stocks at furnace
! yards during September is even greater
/ than it was at first reported, and all the
| consumers throughout the cOuutrv ar,
melting iron largely. Prices OF iinishcd
| iron arc relatively higher than pir. and
an adjustment will naturally follow by
| IN advance i'll the pig metal rathrr tnnl,
reduction in prices OF thc roapufaclur-
crS product. IN tho Chicago market
| Southern colo irons navc o;sNla ycd q
decided tendency towards higher prices
several leading furnaces havi7E ad
| Yanccd figures tNIcnry-6. 70 cents, p,.i Tor
and report iiilcrat supply OF orders, o.
! baud. Demand sceuls ~ inc chiefly lO,
this class % iron and lake o"o ui,
! co.les. heavy 4tcs OF these h.4;cg hacr
made, also OF southern chnrcuat gu,
slvery grey. Yhiio thcre has beer
considerable activity showr during tlc
Z past week at Detroit, sales have beer
generally OF limited amounts ranging
from single car loads M 80 100 ions
and in few instances OF larger nuanti
ties
"A number OF inajIirc, tor round lot.
Of Lake Superior charcoal have nee,
received from entirely different locaji
ties. ana furnaces were coinDc!ici t,
decline to quote, rs il would bc iuiDOsSi
bic to make deliveries wanted. Il va,
generally supposed shat tho larger hnv
crs Of this quality Ind all made Incl
purchases for this season, hut tho IN
Quirics would 30 to show tina SUCH i.
not the case. rhcro seems 30 bc a ocu
oral short c1fnnlX n. 10,