Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-07-13
Yet Pig Iron and Coke Stocks We're
Further Reduced.
BIG ORDERS FOR MATERIAL


New York, July 11-EtNleWlnN lue
trade conditions. the Iron Age Says
our usual monthly pig iron estimates
show that production. while Il contln-
ued 10 increase IN June, was made
quats 10 meot the demand. the rtochH
having been further reduced. THE pro-
duction OF the coke and anthracite fur
nnccs expanded from $1,000 tons week.
BY on June lot Co $4,000 tons weekly on
July ist. and yet furnaces and warrant
stocks fen from gi5Oo0 10 10000 tons OF
four days supply. rocitoned on tho
whole output This feature is how
ever. somewhat misleading. since The
stocks cover only the metal ON hand nt
the furnaces running Tor The open mar.
hvt representing about one quarter N
this output liut even making due ale
l3wnucc Tor this. The stocks are nt o.
very low chb.
n b. true that q humber NJ furnaces
have started since the first uf this
month and that others VIII Do 10 be-
fore the beginning of August but yet an
casing iu The situation D. not yet In
sight particularly since an Important
group uf furnaces iu tho Shonnugo VAL
ley ore banked ON account uf labor
troubles. Although thoy ARE expected
mage has been lost.
II has boon n matter of surprise that
thus FAR there have been few ludicn-
lions that hiHh prices have adversely
affected consumption. Probably the
fact that deliveries have been at much
lower range uf values may explain u.
quito recently, however. "a number OF
Instances Of holding over enterprises
have come under our notice. They are
Insignificant when compared with the
large amount Of new work coming up.
and IN the fearful pressure OF deliveries
are lost sight o. but they may be- tho
fororunner OF moro Important develop.
mcntH late 10 the year.
The pix Iron markets have been fair
~ active ana IN the East continue 90
display an advancing tendency In
IiuHhurg there has been o. moderate
movement IN bcuscmer pig NJ f2o.75 de.
llvored
Some moderate sales N steel blilotH
have been recorded. ana there n now
an Inquiry IN the eastern market for
block u about 1900 tons FOR delivery
during the current year.
Reports have been current 60 tho of-
feet that a. large block OF ship plates
had been purchased In Glasgow FOR
shipment 20 this country We are I'M
able 60 verify these statements, which
may be- due 10 purchases by one large
thus obtain relief horc. II IL fact. on
the other hand. that "a leading min In
the central west has Just made "a con-
tract Tor O. very large tonnage of
plRton for the clyde, the deliveries to
run over 70 year or more.
In regard 10 the contract FOR 10000
tons of steel rails Tor Russia. we have
Il from good source that the business
| u practically closed.
Structural material hns been adj
vanced 81 per ton during the week, thus
bringing that branch Into line with
| other departments. Chicago reports
the placing uf an order for ten thou
sand tons Tor western railroad, In
/ other parts NJ the country very large
/ requirements are coming up.
The sheet market has shown a great
/ activity and n further advance has
| been made. ono season contract CALI
| Ing for 1000 tons was placed In Chica-
Ru this week
The latest dispatches from Chicago
| state that the conference between the
| American Tin Plate company and tho
| Amnlrumntod association have not yet
! come 10 an end. Tho reports Indicate
that an early settlement may be looked
for.
NEW IRON AND STEEL COMBINE.
birmingham, Ala, July i3,-rhe Her
] ala says.
The sl1ss Iron and steel company will
/ probably soon Eo out OF existence nH "a
| separate organization. A now company
| a. 10 uu urrnnlzed 10 include the SlosH
company the American Coal company.
! the EnHley Furnace M Sheffield, tho
| Philadelphia Furnace nc Florence. the
| Gulf Creek Coal ana Coke company and
| iron companies OF Alabama.
] This proposed new company has been
] perfected within the past ten days by
! tho consolidation OF the various COM
! plnle8 mentioned above, II u prull-
] bic that this combination win effect "a
! consolidated with the Alabama Coal
! and Iron company recently organized