Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-06-29
SCARCITY OF MATERIAL.
Orders for all the work that can BIO
Done In $500 Prospects OF
the Market.

Ncv York. June 2g.--Rovlewing trade
conditions the Iron Age win say to-
day.
The close of the current month witt
nosscd the end Of many low priced
contracts ON which makers u all kinds
have been delivering. II "a becoming
more and more apparent that the
markets viii not, during the balance
Of the year. furnish buyers prctcxt
for conccilng contraota entered into
30 far. In fact. 1t looks now rs
though good deal Of tonnage viii be
carried into next year. Some of the
larger concerns IN the country arc
failing more behind Instead Of gaining
on their commitmonts. aud that may
take the market well over the midwin-
ter dullncs8.
SO far as we can learn the majority
of the really live concerns are allied up
Tor the balance Of the year and can
take orders only when they can ar
range Tor postpOucmcnt OF older work.
some ui tine rail- mills have thus found
10 possible TO make some steel blllcta
available.
Really important movements do not
seem likely Tor long tlmu to come. and
the question Of next years work viii
therefore De In allegiance, except Ia
those cases where material must be
bought To cover contracts FOR Htruc-
lures. etc.
The scarcity OF material continues an
along the line. IL 90 sometimes be-
llUvcd that it b. artificial only because
makers are making deliveries on old
cheap orders. Tor the purpose Of mect-
Ing the demands Of consumers who are
paying higher prices ON more recent
orders. That may be done In some
cases. but We believe that the majority
~ makers are doing their best ~ got
the old orders out OF the way.
In vicw OF tile fact that every mill
u strained TO the utmost to get out
material, II ~ unfortunate that there
is some danger OF labor troubles. Il
looks uH though the AmalEamntcd as
ISOLATION were ambitious to conquer
lost ground In the pittFburg district
whore the majority OF the iron mills
urc now non-uniuu. II d. not a guess
ton uf wages, but matter OF orEanl-
zutlpn, which may prove troublesome.
In the tin plate Industry, the Ameri-
can Tin Plate company has offered to
pay an advance equivalent Co that
paid by the manufacturers of shoots.
This amounts TO about n per cent. Tho
officers Of the AmalEamatcd usHocia-
tinn not having the usual discretion
AIRY power TO accept less than the 90
per cent advance asked. have referred
the onOr OF the manufacturers TO the
several lodges for u vote. This viii
lead 60 Htoppagc OF at least week
TO ten days. II Is not believed that
"a prolonged idloneas Is likely
A good deal 0f fuss has been made
over the order OF 1900 tons % steel
rails Tor Russia. We are officially
advised that u has not yet been placed,
although Il seems likely that the Car
ncgic Steel co. VIII receive IT, As early
ns last April these parties were In the
market Tor 10000 tons.
PIG iron has HtInencd further, and
the furnaces are booking Increasing
quantities FOR delivery In 1900. The
Southern furnaces have made some fair
sales IN Chicago. have placed mill iron
In Pituburg, and In Cincinnati there
was one sale of 10000 tons OF mill iron.
They have also sold basic iron In east
ern fcnnsylvania. In the latter dis
| trict too, one block Of 10000 tons OF
local basic has been sold at gis.,5 de.
llvcred 30 tidcwater.
Inquiries from abroad for pig iron
continue large, but sellers here are
cutting down requirements and will
book only enough 10 hold the trade,
There have been soma Interesting
movements In the beam market. A
/ local mill has taken 10000 tons FOR tho
Wannmaker store IN Philadelphia Tor
| delivery during tive years. under ar
| Iuhgcmrnts with the association, ana
| upwards ot 10000 tons have been sold
10y lot Ward delivery Ia Scw York. All
Indications point TO an enormous ton.