New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-04

-,.,o.,-e r,1-1fA&D FOR STRTCTU RAJ MA
rrp1Ar-PR1cEs STEADILY ADVANCING
r,,...h,,-r Sent 3 CspeciaD- The phenomenal de-
- Cor mig IRON and all Of the finished pIo0u''S
d., iron and steel continues in thls maIN'. anu
80 ,,o ro1,of occurs the likelihood IS that oe-
.,onrnonts IN many lines VIII ne hlu'I'' " "
49,, ,reven,o1 for time hls Us par
49, 49,, lose I'm structural iron and steel In
,. month fh, demand for beams ana angles
,.s Increased materially. ana there n"9
,orseouent lump in the asking price ~
oe,s the manufacturers nave o'ih"'''"
,r,ces for these products. "hch are '"'
' Nevertheless the nmii for delNerN lS '
...,,l, prolonged and unless present con-
n.s che rush for materials Will develop Fl
.r,, lime beams are selling NJ f45 which al
,,ooch NOT a maximum price. ia ~ per ''-'
than prices at this time year ago
r,. tor etrictural materials was reached '''p''
< ,o uhon there existed an agreement
49, ,,,nufacturers That agreement was
,r,Dor h, the Carnegie Steel Company "'
v,he, the price had been shovel wy 10 ~,
that time prices have ranged ABOUT o.
wear ago when the present up"1'" ,.
, pres,u, expectations in the Pitisouig mar N''
49,. ., ,,, = ir,,iirr price viii be- reached ''i"''
/ ,. t,t...,,,-, has three firms engaged lh 'i'
/ ..,,e,c,,re az structural materials '"I''e''
Steel Company Jones q Laughllhs anu '"' ..
/ berger Steel Company Al Of these c'"'''
orders booked ahead when vi" "''"'' 49,,
until August 1900. at tho earliest anu W."
present demand the outlook is Tor 'N" MAJ ~
all next year ,.~ ~
| The factors that contribute 10 the s'"'''' W.
/ structural materials are two-'ne ''''' .
| mand which far exceeds tho present cap"'', w.
| producing mills and the lack OF IA" mater" ''
/ Tho ,iso of iron and steel for building p"P'''
/ has increased phenomenally IN the last 'h'e" S''
,.,,c,,,r.~s estimate that this Increase mas "e'h
f,Il,. 40 ter cent il has been remarkabie th"t
! ,ho ,rodncers have hesitated 70 build additional
Mills fearing that there would be slump hv'h
| r,,s factor however. has not been as much OF a
bar rs the lack Of raw materials. The wonderful
Increase in industrial activity. accompanied as u
has been by a business revival not equaHea 'n "
| decade has put every furnace IN f'I"sy ''"''.''
into blast and yet the demand far exceeds the out
put. os .ho
such phenomenal conditions have caused the
| 100 ~ raw Dig Of all grades to reach stage
'oo ner cent higher than IN December OF last year
| c'. idea ~ the pressure Of the demand may D."
| .,c,red from this statement made by manu-
so,,,rer. .If our export pig iron orders cease for
! 80 ,.oer tine increase ~ consumption ~ pig IRON
VtU g. bridge work and hur machinery casuht9
&C. eYnort trade next year VIII rtpitS'Nl ',.''I
| ~ anoount of pig iron exported thlr year j"
| fact conditions are au'h lnHt ."tt ,t,,r,e,or
,roduction has been supefs"ded 10y lhe ,
| Of over consumption curing world
I Cover the situation. and the mahula 'Yllt M,.n
! 80 ceased 90 speculate concerning u ana 0 rap
mas "a rov.ards ~ the prosperity boom calmly ana
H'b -. ,,nrryinp itself BesscmeT pig ron is now
ilt.0 I'm the open market at 81 -, ana IL II sll.
.nst practically the entire pi"hu' no" i"' '"' "''
| SaIf ~ 1900 has been sold out - DO, ,,o
HSarrth ecarclty IN raw pig has Ns cqua4 ~ ne
oarC,tv In biiiets and blooms from WhiCn SUI ~
| raj materials are made Inc apso'1''0" - 49,