New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-24
ENFORCEMENT ~ TIE IRON TRADE.
INDICATIONS OF Az ACTIVE MARKET FOR THE
FALL MONTHS.

INDICATIONS OF An ACTIVE MARKET FOR THE
FALL MONTHS
Cleveland Aug :3-"Thc Iron Trade Review" says
to-day: The disposition appears in most depart
mens OF the iron trade to look for active market
in the fall months. Not only has the general be-
lief that business would be better when the German
bin passed been influential In shaping expectations.
but there has been a scale OF buying In the last
ten days Indicating the actual beginning Of improve
ment II has been plain for some time past that
just any extra pressure was put upon
the railroads IL would show that the supply or
freight cars has fallen much below the normal.
through the failure replace rolling stock that has
become useless in the year. In the last two weeks
one Of the periodic famnes has been expert
cnced and the difficulty OF getting cars particularly
gondolas. has been In some Instances greater than
usual at this This. In view OF the shrunken
volume OF traffic for year. Is significant.
When the, railroads order CATS to replace those
which they have been discardng for more than
year past one important requisite OF revival Will be
realized
The better demand which foundrics finding
Just now IL promising factor IN the situation.
Power equipment is being Installed to an increasing
extent by electric railway and lighting companies.
by blast furnaces. steel plants and rolling mills.
The requirements in the single line OF tin-plate man.
ufactures for plants now building and those about
to be contracted for form no Insignificant total.
The record OF orders for boilers, as reported re-
Gently by the leading makers, reflects
activity In all manufacturing. Vessel work is con-
rIbuting It's share OF the call for steel In the East
and some new work Is under way at lake yards.
In architectural work n good deal OF figuring Is be-
ing done. and In several important centres the re.
Quircents OF projected buildings and elevated struc.
Will soon mature.
Among influences Immediately dominating the iron
trade. continued strength In raw materials Is most
important. Water scarcity In the Connesville coke
region has more than couneracted the gains I'm
working force from the breaks among the Slavs.
Hess *
OF Pittsburg steel works is cut down. For quick
shipment Bessemer still sold at Sl2 25 and bets In
small quantities. at Sli - to SIS
Sellers Of Southern iron report an increasing num-
Der OF transactions. with prices firm. but Ii Is no
tlced that advance Is being paid. those who ask
II losing the business. Gray forge is still strong
I'm Northern markets. and in some instances better
price than SO Pittsburg has been secured Char.
coal iron reflects the prime reasons OF Its weak.
ness heavy stocks and insignificant demand in the
lowest prices ever known. and Sl3 % at Lake Erie
ports for Lake Superior iron Is known to have been
shaded. Finished material shows an encouraging
demand in most lines, but In the main does not
share the nrmness OF iron and steel Mills
East and West have been running with fuller force
In the two three weeks. and the depletion OF
stocks in the preceding months of restricted output
has been making itself felt.