Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-03-30
coSsOLipArnn CONTINUATION.


New York. March ao.--In IT, review Of
trade conditions the Iron Are SAYS!
IN many branches the Iron and steel
markets have quoted down oincwhat.
This IL due IN certain lines 60 the with
drnwal u sellers pending the conple-
tiun Of arrangements FOR a consDlida-
tiun uf Interests, In other branches u
u dur O. the fact that buyers DO not
Hharv the confidence 90 makers la the
maintenance ~ present prlces aud are
beginning TO test them by withdrawal
from the market Many are nov buy
inH frpm hand o. mouth
la the foundry iron markets businern
has quictcd down considerably, al
though reports frim southern markets
rrp1rt further advance. opinions
vary greatly 40 90 the capacity brcpm-
Ing available through the blowing IA %
new plants. There u no doubt that
every means II being exhausted b. Idle
furnaces 10 set into line,
In licsacmer pig the market has now
been fr-cHtnhlished by the sales of the
association at tli.So valley furnace.
The fcpuft shat the sales of HOO tons
60 the National Steel company and 9th
vrH had exhausted tho supply FROM that
source Il pronounced absurd.
There has been considerable move
ment lately IN foreign and domestic
fcrro.nanEancse ana the prices ~ the
associated English and American max
cts have been advanced. serious sgaf-
city la this material u threatened.
Reports Indicate that national furnaces
win blow In England.
The steel market has been quiet with
only occasional small HaioH at fancy
prices.
The National Steel company Is TO-
ported 10 have sold $4,000 tons OF tin.
plate bars To their affiliated intcrcat,
the American Tinplate company.
The western steel rail makers have
made further advance 81 u per ton
and report Hume business.
A. the season approaches Increasing
quantities 0f structural material Tor
buildings and bridges ARE reported In
the leading markets,
Prices on hoops and cotton Ties haV.
been withdrawn pending tho oonaum-
nation OF the consolidation among the
mills. which N nov close TO settle
ment, The consolidated company.
which viii probably be- called the Amer
lean Steel Hoop company. viii take In
the three IittHbufR plants with the
three blast furnaces belonging 10 one
OF them. one concern In the Shenangn
Ia be Transferred BY the National Steel
Co, and the Duncanyille works. The
relations between the National Steel
Go, and the American steel Hoop Go.
are very close,
The subscription books of the consol.
mills were opened today, A furnace
property Ia the birmingham district IL
Included, but none Of the pittrburg or
eastern mills are IN the consolidation.
The sheet min NEGOTIATIONS are still
hanging IRE but II IL believed that ul-
timatcly something viii be done with
this interest,
The tube consolidation In reported 10
have reached to point that aIbscrlption
books Will b. opened In few days.
The operations ~ tho National S'ecl
60, are attracting more and more at
tvntlun Ia the trade as the compfehen-
rivc plans Ia control production from
the orc and coal In the gound To be
finished product are developing. Re-
port has u that the concern has an on.
iion ON one ~ the most famous ~ the
Lake superior lioHseiner ore mills and
the announcement has been Just made
~ the purchase u lnrEe tract OF coal
lands In the ConnellHville rrgion. To liz
outlet In the tinplato trade Il Il now
adding the hoop ana cotton tie Industry
with gpodly share % the skelp aud
other lines.
copper has recovered from the weak
enlng influences and has during the last
few days gone back 10 1, 90 cents for
lake, the result OF a rise In the London
market.
From the west come reports Of some
irreguiarity In prices of tin plate due 10
split ON the part OF jobbsrs.