The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-03-30
BUYERS RETIRE.
Withdraw From the Iron Market
Until Prices Settle Down.

New York. March 30-In it's review of
trade conditions the Iron Age says:
In many branches the iron and steel
markets have quoted down somewhat.
This is due in certain lines to the with
drawaI of sellers pending the completion
of arrangements for the consolidation of
interests. In other branches it is due to
the fact that buyers do not share the con-
fdence of makers in the maintenance of
present prices and are beginning to test
them by withdrawal from the market.
Many are now buying from hand to
mouth.
IN the foundry iron markets business
has quieted down considerably, although
reports from southern markets report a
Opinions vary greatly as to the capaci-
~ becoming available through the ploW-
that every means is being exhausted by
idle furnaces to get into line:
been by the sales mas Of the
association at S1450 valley furnace. The
National Steel company and others had
exhausted the supply from that source
There has been considerable move
ment lately IN ioTslgn ana doIneStlc ZERO
ated English and American makers have
been advanced. Serious scarcity in this
material is threatened. Reports indicate
that additional furnaces will blow in Eng
'',The steel market has been quiet, with
only occasional sr1all sales al fancy prices
ed to have sold $4,000 tons Of tin plate
bars to its AFFILIATED interest, the Ameri-
can Tin Plate company.
1.-The western steel rail makers have
made a further advance of 81 per ton and
report some business.
LAS the season approaches, increasing
quantities of structural material for build
ings and bridges are reported in the lead
ing markets.
prices on hoops and cotton ties have
been withdrawn pending the consumma-
ton of the consolidation among the mills.
which is now close to a settlement. The
consolidated company, which will prob
ably be called the American Steel Hoop
company. will take in the three Pittsburg
plants with the three blast furnaces be-
the Shenango valley. the Youngstown mill
which is to be transferred by the National
works The relations Between the rs Ma
tional Steel company and the American
The subscription books of the CONSOLE
dalton of the western and southern bar
property in the Birmingham district is in
Guided. but none of the Pittsburg or east
The sheet mill negotiations are still
hanging fire, but it is believed that ulti
mately something will be done with this
THE tube consolidation is reported to
have reached the point that subscription
books will be opened in few days
THE operations of the National Steel
company are attracting more and more at
tehtlon IN the trade as the comprehensive
plans to control production from the ore
and coal in the ground to the finished
that the concern has an option on one of
the most famous Lake Superior Bessemer
ore mllIs ana the announcement has just
been made of the purchase of a large tract
of coal lands in the ConnellsviIle region.
now adding the hoop and cotton tie indus
try, with a goodly share of the sl1elp and
Copper has recovered from the weak
ening influences and has during the last
the result of a rise in the London market.
From the west come reports of some ir-
regularity in the prices of tin plate, due
a IOhherS