Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-19
BOOM IN THE
METAL MARKETS.
Cast Iron Pipe Trade Suffers from
an Attack OF Dumps"
OTHER BRANCHES FLOURISH
Foreign inauir, In Toundr, iron 1.
HEAVY aud sonc i,ariy Deliveries
,anno, be Made.

New York. Jan. i9.-tn &C. reylew OF
trade conditions tho Iron Axe. an um-
disputed authority on the non trade
viii 1ny today,
The iron markets ate in an cxtraor.
binary condition. a constantly grnw.
mr number ~ masters in many lines
have either Withdraw p.icss altogether.
90 made by quotations ln order 90 tutn
away buyers SUM- thuH fsr tuatr has
b'en Speculation. aud The iuduutr, b.
kcpt w'li in hand ThuH 1t b. yirtu.
H'i' decided shot pricon TOT lake nssro.
nrr one Will not Ur advanced twenty
cents q ton. o. indeed DO ltfgc nu nd.
Vance be- mudr
10 rIs iiun ur not oates 81 about
-".'up ui hrsstuIrf im the l'ittaburr disc
NV al iuli uIlrHa uHn Huuir tfauHtt.
uvmn iu huflr pisH M tho east. 80 ilt
a. ipuhuiA non throughout the uuun.
10y o. concerned. tue buNrri are ulck
's ~ what th"y can. Foreign inquiry
u heavy ana rutur early drivrrirs rtn
not ~ made. u,ran ffuightA have o.,a.d
up considerably
Tile "clinE that there IN danger N
pronounced scarcely uf ulr iron b.
tilhiiH, hut u should be undeutood
clearly ihni u iH iikriy 10 b. only tenn.
luthiN unlrHH the demand guua Tar be-.
y"hd thr present rate Of nutput. The
consolidation ~ the Norfolk a Western
iuinhcn plants ln Virginia under the
virginia Iron. coal and coke com.
pshN. now practically assured. Will nut
W" into capacity there long iilr Few
iuIhh..s are setting ready in eastern
icnnHNlNania. In Alabama aud Trn.
nessee there ~ some chance nf oxten.
sion. There ate o. Few available fir.
hutth W. The Shonuugu valley and one
nt hunniu Finally toward hummer
We may expect the large plants al
l'nrain uhd at youngstown Ia fan in
Some business has b.on don. I'm
steel Bullets In the osntrni west and Ia
the east ~ higher prices.
u u announced that tho American
wiz company has contracted with the
Federal steel company Tor large
quantities ~ bllicts ana wire rods
though the article IL not yci available.
Although relatively quiet. the steel
tAil market N stronger east aud west
The demand for ear material continues
undated ana large blocks ~ hnrs and
shapes Tor this purpose have bceu plac-
In no department II the scarcity
moro pronounced than In plates. our
Chicago correspondent reports that the
Ing ten thousand tons of witch + 800
tons was Tor Hhiphuilding
The demand for structural material
N developing. Very large bridge orders
have been placed And now. too. tho re-
qulrcmeniH for buildings are coming In.
tood-sizrd amounts have been taken
IN Chicago ana New York and some
very liberal season contracts have
closed In beams with architectural Iron
works
'onc ~ the fcw Industries which are
Hilll In the dumps II tho east iron pipe
trade. Only lately lot 81 about . 900
tons for Philadelphia was placed nt q
very low figure ana current small lots
M" being taken ut unremunofntiva
prices. We understand that tho con.
nolidntlon In this branch. which is.tp be-
financed by Poor az GfconuuTh ~ this
city In making satisfactory progress.
Another large banking house IL work
inr IN the steel pipe consolidation a.
take In tho great mills a. PittaburR
and elsewhere.
Tho boom In the metal market con-
ilnu"H. copper. lead and speltcr an hnv-
Ing scored notable advances"