Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-10-19

New York. oct ip.-DlaousHlng the
condition Of the iron ana metal trade
the Iron Age today viii ruyi
Conditions ln the iron trade are De.
coming moro and more puzzllng. While
assertions as 60 the adverse eject of
high prices ON consumers are growing
more numerous, and there lH more talk
large Interests arr assuming an attitude
ut greater uUUrpIalVuupar. Tile highly
Interesting movements in the vessel
transportation ON the lakes are complex
but Ind their explanation DO tha EFFORT
on the part of large consumers VI ore
Go Keep down lake rates, while the ship
owners are trying 60 establish "a hlEh
figure IN order Co make % apply un old
contracts. charters f1r heavy t0nnuEv
for the 1900 season have been made nc
$40 and it2i. and discussions nn To
coming ore prices are being heard. a
rise from the $500 basis this year 60
s. and l1.2i De- spoken of. Apparently
little has been done in furnace, coke Tor
the first hnlf of 1900. but 81 d. mem
TONED. while "a considerably lower hTuro
la spoken Of Tor the second half.
sume large movements ate reported
in the intermediate materials in the
central west In besHemcr pix there
have been two sales aggrrgntlnE hN.-
900 tons This does not include Co.,
900 ton furnace contract in the north
west
one block of 10000 tons or hlllots was
placed for delivery durlnr the first hAlt.
There are very heavy billet Inquiries M
the market one interest alone asking
for over 100000 tons The attitude uf
the principal producers Will probably
be- defined at an early date. and uu im-
portunt conference N talked or
In some OF the finished lines very
large requirements Tor 1890 are under
confederation Thus the largest cone
suming interest % merchant pipe ~
said to have placed very large order,
and h now IN negotiation for the hkelp
Tor part OF IT, the quantity ~ the lat
Tar figuring up To about 1900 tons. the
greater part of II steel,
The announcement has been officially
made that dating from Saturday stand
ard steel rails arr 60 De advanced from
$50 10 So az the mill by makers for
any orders entered after that date for
1850 OF 1900 delivery, There o. good
reason 10 believe that this ~ tho case.
IL liz Understood that some very good
orders have again been placed lately
aud that large tonnage VIII be entered
during tho next few days, Report mas
ID that the Inquiries now ON the market
aggregate 10000 tons,
The wire interest has made "a FUR
thor advance OF 81 per net ton on wire
and on nails. and IMPORTS are current
that structural material n 20 De
brought into line at an early date.
II will be- observed, therefore. ull the
great Interests are committing them
selves to continuance Of the rise at
least 20 FAR a. the nrat half of next
wear b. concerned. II viii BE- idle Co
deny that the conservative element In
tho TRADE deplore this pronounced ten-
dency. since it increases tho danger OF
"a check and threatens 90 make the In
gyitable decline when II does come more
abrupt and demoralizlng.
The PROSPECTS, of the export trade
have bocn further darlencd by the rise
In ocean frcightH due to the withdrawal
~ many vessels into the carrying OF
mon and supplies for south Attlcn,
In me metal trades the principal
event Ii the weakening In lake copper
and the easing on Of tin.