Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-02-02
Reports Relative TO Consolidation
in the Metal Markets.
FIVE CAR WORKS TO FUSE.
piR Iron Market L. Quiet. but steel
Plate rush continue. .si,an-
tied sheet. go ZIP.

New York. Fob. e-Thc Iron Age In
itH weekly rvviow. SAYS
Reports relative to pools aud console
idntlons continue numerous. Tho feel
ing II gaining ground thni the Ameri-
can Tin Plate la on tho eve ~ conaum-
mating the control of the tin bar supply
through the purchase ~ the plants of
the shcnnnEo Valley Steel company.
the ohio Steel company. the nuhl Steel
company, King gilbert a Warner and
tn Wheeling Steel and Iron company
having also made long time contracts
with other plants making tin plato bars
In The ritishurg aud Wheeling dis
tficta
The sheet mills are working on o. con-
solidntiun similar IN ita lines ~ that ~
the tin plate company and the Western
l'ar iroumakers arc trying to gather
together once more the same elements
which once co-opcratcd In the loosely
bound Old western association.
Five ~ the largest eat builders are
on the eve NJ fusion. huo ~ the plans
being To- establish close relations with
the principal steel Tar building con-
Germs
The east iron pipe consolidation does
not seem a. be- making much Roadway.
although more powerful financial Inter-
csls may yet take a hand In the UNDER
taking.
The Wire rod market IL In a peculiar
position, being now In complete control
~ the large wire Interest. the UNDER
standing being that the entire product
Of iliC only large independent producer
a. a. a
branches ~ the wire Industry there W
much alarm over thu future. Although
" u reported that the requirements ~
the majority ~ tho smaller works are
covered Tor some time to come.
In the nix Iron markets quiet has
roiFnrd 20 Ear nH the southern makers
are concerned. In districts In which
Northern irons compete. southern
prices are now relatively above the
market. The additional ufiors NJ large
contracts Of Southern Iron for export
have been made. but have not been
met. only q moderate business IN do
inE IN the central west IN iicascmcr rig.
which fnmuinH very firm.
The open billet market II naturally
restricted through the fact that large
lines are now controlled by the two
consultations. who have made their
arrangements IN some eases FOR long
periods. rittHhurE reports the sale ~
one lot ct ton thousand tons ana lhllus
dclphin notes s.01n ton lot
In the rail trade the only event II the
placing ~ n contract for from 1900 IN
ii.0oo tons ~ girior rails hy the Mctrn-
polltan Traction company with u mill
In central Pennsylvania.
The rush Tor steel plates continues.
Some large sales have been made for
rhipbulldlng east nnd west. and Tor the
same purpose large lots 81 shapes have
been placed. our Philadelphia cnrrc-
spond.nt notes that the Phoenix Iron
company has taken 5000 tons for Del
awarc rhlp yard.
IN structural material, some elevated
work has been closed In hoston and "a
large amount IN chicago. \ good deal
81 building work IN also coming M.
car builders are Htill ordering heavily
In nll departments which they call w
on Tor supplies. The western bar mar.
kcts arr higher and In the Fast the
makers have established u further nd.
vance.
The Pine and tube makers nrc very
busy. Conflicting reports nrv current
concerning the consolidation. but n
looks nH though u were coming a. an
issue. The leading mills have done
very well financially In recent years.
The market " very active In HnlNans
lied sheets and prices ARE higher.
In the hoop trade We note u sale Tor
shipment e. iiuenOa AyrvH % 1000 tons
~ wool bale ties.