Daily inter mountain., 1899-01-05
rates on iron and iron products, thus en-

rates on iron and iron products, thus en-
hanclng the delivered prices.
In the cruder materials the markets are
relatively quiet at stationary prices.
This is notably the case with Bessemer
pig iron and with steel billets and wire.
In finished material, however, in which
the values have been tagging behind, the
hrst impulse is coming. The beam asso-
cation has advanced the prices for beams
~ per ton and other forms of structural
IRON are also up. Bars are advancing,
the large demand continuing. Our Chi
cago correspondent notes the sales of one
block of 10000 tons to an agricultural
implement maker. Plates are stiffer and
business is restricted by the inability to
make deliveries. Chicago notes a sale of
$4,000 tons delivery at the sellers option.
IN the ra1l trade the western mills have
raised prices 81 per ton, which seems to
nave chnched number of options. The
pennsylvania is reported to have placed
us order for 100000 tons distributed
among the mills on the line
A meeting of cotton tie manufacturers
is now beng held in Pittsburg to reach
some agreement where the savage fight in
southern iron may be brought to close
In spite of the advancing tendency, ex-
port orders continue to be placed and a
good deal of tonnage is being offered. A
number of manufacturers express their
determination to make sacrifices to hold
the trade which they consider very valua-
BILE. 1t will be recalled some time since
the German pipe combination, a light and
power fuel organization, dropped prices
IN order to freeze out the American works
which were invading the market. 1t is
interesting to note in view of this effort
that the National Tube works company
Of McKeespOrt, Pa, have just sold 4O0,-
GOO feet of pipe for delivery in Germany.
Beyond the facts already given in con-
rectlon with the Wire association little
news has transpired. The Americon Iron
and Steel Wire company havepra ctical
contral of the Cincinnati Barb Wire COM
pary, the Pittsburg Barb Wire company
and the Rod and Wire Rod plant of the
Shenandoah Valley Steel and Rolling
Mills company. Negotiations are pend
ing with the Oliver trusts of Pittsburg
and with the Washburn and Moen Manu-
featuring company. We understand the
capital stock Of the American Steel and
Wire company now $24 100000 equally di-
vlded between common and preferred, is
to be increased to close onto $1OO 900 900,
also equally divided between common and
preferred. Report has it that negotia-
tions are pending for a steel plant in CEN
trail Ohio.
The American Tin Plate company have
not yet announced their selling policy,
but early settlement is looked forward to.
1t is stated that no comprehensive ar
rangements as to the supply of tin plate
bars for the whole requirements have
been made, although certain sections are
taken care of. Report has it that nego-
tlations are pending with one steel plant,
and that the erection of new steel works
is under consideration as an alternative
The success Of recent consultations is
revlvlng many old efforts in that drec-
tlon and is responsible for the appearance
of new schemes, one of which is the con-
centration of group of blast furnaces
The latter project has nothing to do with
the movement by a syndicate to acquire
control of the Virginia furnaces @F