The herald., 1896-10-04
WALL STREET SPECULATION
Local, Eastern and Foreign
Commercial Dealings
The Iron Trade In an Encouraging Con.
diticn
Pig Iron Production-The Demand In
creasing-The Onion Crop Of 1886
German Amber.
Speaking of the iron trade Bradstreet's

Speaking of the iron trade Bradstreet's
says:
1.-THE iron trade today in several of its
principal branches shows some improve
ment over the conditions that have ruled
for the past three months, but the improve
ment has been more in feeling than in
figures. Several lines have reported in
creased activity during the past few weeks,
mainly because restricted production has
had it's effect on the visible supply, al
though stocks are still large. Pig iron has
shown the most marked Improvement of
any branch of the, market during the
past rev weeks. This has been caused
mainly by the general impression that the
bottom has been reached and that the next
material change must bring an ADVANCE
the lowest figures ever seen were reached
in the pig-iron market. Prices were about
at the cost OF production. An 2 eastern
ket and made offers for large lots which at
once had the effect OF making holders
Caused the buying Side to show more inter-
est, consequently within few days there
was much more interest manifested in the
has had but sl little efect on % Prices. A.
though 1t is the general belief that higher
prices are close al hand.
IAN examination OF the statistics shows
that while stocks have increased during
the year. production has fallen off, and
is now much below the requirements Of
the year the total stocks of pig iron reach
ed 100000 tons. They now aggregate 1.10o,-
Se Wnn na th M Ss ra % e %efay ony
per week, but at the beginning Of Septem-
Der the weekly production was 1872, 600 tons:
there is practically no pig iron in the
hands of consumers, for the reason that
for several months past buyers have been
present show of increased interest in the
market is due mainly to this fact; Then
there is the general impression that the
dorsement Of sound finance, and this gives
the market a better tone"
pigiron indusitfry says ths iron
in conditions, and since May LIST there 6 has as
been decline in pEodpction S from 1SS
sns n TO 1885, FL
November |. 1896, the maximum was reach
ber /, 1896, only las furnaces were in blast. "
The Chattanooga Tradesman says: 'The
manufacturers Of iron and steel are more
Of the market is very much better, al
though there is no marked increase as yet
in the volume of trade. Some Few Large large
are somewhat firmer. In structural ma
terial, business is better and transactions
epous. epo hsi The demand mar for pig iron is increas-
ing, and several good-sized orders are re-
ported. In the Alabama iron districts trade
and Railway company has booked another
order Of 5000 tons of iron for England. The
foreign sales of Alabama iron to date ag-
gregate about 1000 tons.'
The onion crop Of 1896 now generally har-
vested, is smaller than year ago, and
should not prove burdensome,, although
Investigation by American Agriculturist,
covering every section of the country,
where onions are. commercially grown
shows a shortage both in acreage harvest
cd and yield. This report PLACES the COM
mercial crop Of 1896 at 2,200000 bushels, or
nearly 25 Pc Per 1 cent smaller than han, year
or than the bumper crop Of 1891.
The London Journal Of the Society Of
amber In 1894 amounted to about 400 cent.
ners (220 tons), or about 1000 centners 5(
tons) more than in the previous year. BY
far the larger. portion Of the above guam
tity Is put out by the twcemines of Palm
nicken and Kraxtepellen belonging. to the
firm Of stantien & Be- Becker ,er a while e.. ths e
tons) only is obtained by dredging and
searching the foreshore Of the Baltic sea-
The two mines named aboye. with the home
industry employ about 1900 persons"