The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-06-13
IRON MILLS ARE RUNNING.
MANY PLANTS HAVE MORE ORDERS
THAN THEY CAN FILL.

n-aeocE. Duaueoue, and Homestead Work.
Ing Might and D~ay-Tin-Piate Industry Fol
lowing suit-yS DOL Situation stimulnted By
the Tariff BII-Dry Goods Men Confident.
Prosperity appears to have reached the iron and
steel industries. and the outlook at the produc-
ing mills was never moro promising. Although
this season is usually the dullest of the year.
orders are strong and the principal mills arc
running on full time. Reports from Pittsburs
say that the Carnegie Steel Company's plants at
Duquesne. Braddock. and Homestead arc rum
ming night and day, and 1t is said that the
company hos enough orders for steel rails
to keep its plants going for six months. 1t Is
also stated that the tin. plate industry Is buster
now than at any time in Its history. Tho now
castle, New Kensington. Star. Monongaheia,
and American companies have sold all their
output for the next six months, and several OF
tho concerns have orders enough to keep them
going for q year. The activity OF the furnaces
will also start up the coke pits, and employment
will be provided for thousands OF men.
Other mills which have been idle for q long
time are preparing to start up next week.
Among these are the Oliver Steel Company and
tho Hubbard, Martha, and Rosena furnaces.
The strike at tho Jones s. Laughlin mill has been
settled and 4 1000 men will go TO work tomorrow.
Convincing proof Of the strength OF tho iron
market was shown last week by the withdrawal
of the option offered by q Southern company on
900 tons OF gray forge at the lowest price
yet quoted. The rise in values caused the
withdrawal and the Philadelphia and New York
capitalists who were about to close negotiations
lost a handsome profit Agents in this city OF
the big companies are gratiied at the encour-
aging reports from tho producing regions. Tho
activity was attributed to the contracts awarded
by implement manufacturers, but II appears
that the large stocks made up in expectation or
a good spring trade are being depleted fast, and
there win be no check on the upward tendency
OF the market. NJ.
The prospective early passage OF the Tariff
bill has stimulated the wool market and 70,
1uvenated the confidence of both. buyers and
sellers throughout tho trade. All orders TOT
foreign importations have practically stopped
with the exception OF those which arc now on
the way over from Europe and Will reach here
before the new Tariff law goes into erect
Manufacturers are ready to buy at prevailing
hand. and dealers arc not anxious 10 oreak
prices. The prospects for a strong market IN
the future are assured. Prices remained steady
last week and the sales of domestics exceeded
those of the previous week..
Dry goods men have not been so hopeful OF a
revival In business for "a long time MS they are at
present. The advent OF pleasant weather has
spread the belief that the market for summer
| goods will continue to improve and attract local
buyers. Jobbers and frst.hand dealers hope Tor
recorders In these lines. The week just closed
restored the confidence OF many dealers. as the
conditions prevailing In all lines were cheering.
The prospects for a good market are promising.
in woollen goods, particularly IN dress goods tor