Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-08-17
Extraordinary Production and Price
Movement in Metals.
MARKETS GAIN STRENGTH.
Exceptional Prosperity for Next Year
order. for Home aud Foreign
Consumption are Very Heavy.

New York. Aug Fin review u
trade conditions the Iron Ago today will
present additional evidences OF the OK.
ifnordinary production and price move
mcnt whose maintenance is 90 marvel.
GUS :. will say.
tn" mon markets have gained In
strength and the feeling Is growing
rapidly in Che trade that the next year
VIII b" one OF exceptional prosperity
ali doubts uH Co tho maintenance of
The present prices Tor the balance N
this year being dispgll,d. n. indeed.
higher nguros viii not have 90 Dc
plil 900 some lines Co secure prompt
delivery
Whbt everybody De- Watching for
with tue kgHuest Interest. ls Tor yvl-
utunt lhHt present values are checking
consumption. 10 would Doc Idle 90 ipuy
that instances % th.H character do uut
crop uu but % b. noticed. too. that
often those VINO protest most loudly.
quietly buy later ON. While ID may
seem lrtnliuro Ca discuss 1900. 10 lH "a
thct that makers urH deeply Interested
iu The problem OF what course 90 pur.
sue. and that uu Increasing TONNAGE N
,hlys 10 hnding itH way Into %, order
Il ia not 90 long since that the lend.
lng mon 10 the Industry had apparent.
W settled down 90 the conviction that
20 tli steel hlllrt1 and about $40 for
steel rails would Doe u satisfactory
basis Cor 900, from the standpoint "a
TIE makers, uH to fair profits with tha
assurance " u full couaumstlun ID
looks now aH though the figure will be
considerably higher Az o. pointer la
thnt direction come the reports OF uur.
ghgs's Ia ihe west ~ 1000 tons u steel
fhlA 60 The Chicago and Nurthwcat-
tfn, asa $500 tons 90 the Rock Island
TOAD az $50 :ur 1900 delivery. These re-
ports are not officially confirmed. IL
l'lnE trlFHFt ttDd that the western rail-
interests want a1l. go much seems cpr-
tain, however that tho basis OF uaFo.
uaUNuH ~ much higher than was Cln-
Hldvfri possible only u short time since.
u " certain that ln certain lines. NOT.
AMY N p,r lrul, the engagements Tor
1900 have already been heavy. one
southern interest ~ reported a. have
over 10000 toms ON lts books. while IA
lhIu interest controlling % very linz
p1iilht iuuuNtA has orders FOR over
-'o NIu tons e., material secured
10 must uui hH forgotten. either. thBt
good deal uf tonnage which rHuubt b.
u'lNrryi iu tI'u" VIII bg carried into
n'N' wear lI steel rails alone this III
Nlsi"uslN ortmatei ut 10000 10 J00.-
rhcry has been a good deal of talk
~ uurghuHus Uf steel iu Eur1ps fsr
shipment FOO this country II ~ true
loot Afgu Inquiries ure 100 the market.
Tout - iH dlfnUuIt t1 see how tho buaI.
ntHH can Co., nut through Steel bIl.
lets, pN-HhiU. would cost go least "a
los. and adding the duty NJ $500 M
cost would hu about itl 90. which iH out
N tho question, except Tor mauufnr.
iufinE lu bond, ur export under draw.
back arrangements We hive not
learned that rnythlng OF this Kind has
been done
ON tho other hand. we know of one
case lu which negotiations are pending
for the sale Of 10000 tons NJ American
material! 90 geo o. Europe 90 relieve INC
extraordinary scarcity there
An Interesting Incident b. tho cam
tut", hN the poucuri Iron WorKH ~
rtd"rH Tor furty-fyc double track lat
uar glrdet spans and eleven alnslc
track PIN connected spans. Tor the Inc
prrlll government railways VI Jnunu
The order calls Cor about 1000 net tons
~ mrioflll Cor delivery during the mid.
'lr uf next year.
That The prospect of paying higher
prices Do NOT soaring capitalists. is
shown pv tho report that j. Z. nm Ia
gunaIduruH building fifteen stoamers on
5000 60 lpupn tons each FOR "A new Pa.
Cite nuy.