The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-07-17

The phenomenal activity III the iron
and steel trade has set at rest, for the
present, the stories with reference Z"
The removal of .he plant Of the Lacka-
wanna Iron ana steel company to Bur"
,alo and If such step Is taken 1t VIII
not be for two years
Under existing prices the LackaWnn-
na company can make money manu-
featuring steel rails in this city.
1t is handicapped now, as are many
of the steel rail manufacturing con-
Germs of the country, by the fact that
most of the orders being filled were
taken at the low prices that prevailed
before the present rapid and unlocked
FOR increase in prices set in.
The Lackawanua company has cap
lurcd n number of small orders at eX-
lsting prices, but, as stated above, the
great bulk Of the rails being rolled are
governed by ;he prices that ruled thc
steel rail world six and eight months
ago.
with business in it's present prosper
Gus state. talk of removing the mills
has naturally dropped and probably
will not be revived until ;hc boom has
spcnt its force. So great Is the pres
ent demand that furnaces and rolling
mills all over the country ,hat hava
been shut down for years ara lighti,y y
,,r onl ,dairc - ,L, ,ci,,, ;,,or,, civ, d,
-. ,,'o. - 49,, -. ,,,,a,, -, :
/" "'""N" ''"' - "1'"1' ''"O"H WV" '"'
Warhet'
1NgrrAeE, y. ppIC,rs
The following table shows the In
crease IN price pf various leading ar
tirtos o. iron ana steel in PcnnsylNH-
"'"' Az" VIZ n"Hs d' ''''C"7o' oll ~. ~
Gu'''oe' G =" lo'o' ""u ." 'u'| -, '''''.
ao,C nne p''Ces l'"i'Ieu are pei ElonS 'o'l VI
- "ou''S' 'NO'"' iot "'' i''' "nu I
''''''"' 49, .,'I Hu'.,' ,on 40 wv, "a ,o'
pounuS l,,. u,!o III N'sS - i0' "oU''"S IT,
wy ,.,..
o. IN
Articles. 1NS. 1Sao.
Old iron Z rails, at Fhiladcl-
phia ACKNOWLEDGEMENTS. 20 $50 90
Pbiladninbia 'H'' p'7 ''' - u 2o oo
Cray forge pig iron, at Phila-
dclphla ''''.''.'''''':'.'''''''' " 10 Il ID
Gray I"tEt plE 'to''' loN' ore - - -
-, ,i, ,,, -, pii,s
brrp ........... 10 - 20 "a
Steel rails, at mills i'm Penn
sylvania .........,.............. II 80 Is %
Steel billets, at mills, at Pitts
burg :''','';''''',..''.'' 10 % % %
poS' l'IaILtu T, "I, Ho'.' ll"'' ga
pos, rofrod h,, iror ~ pitfs.
burg, Base price ,,....,.,.... 100 200
Cut nails. per kcg. from store,
at Philadelphia. Base price | 80 > 50
Wire nails, per kog, Chicago,
CARLOAD lotS' base Prl''''''' l. w
The above figures show an advance
in some eases of 100 per cent. and even
more in six months. while in other
cases the advance exceeds 80 per cent.
Being in response to the legitimate de-
mand and following a long period of
the lowest prices ever recorded, and ac-
companving general increase i'm
values in all countries, there is no good
reason why present prices should not
be maintained for some time TO come.
,, .r,..,
= ~ AN ri''
Structural material was advanced 81
a ton last week, and hoops and bands
81 ton. Hessemer pig IS at the $50,
and there is practically none on the
market. The general tendency is to-
ward further tightening and higher
prices. 1t becomes more apparent that
the latter halt of the year will bC more
interesting than the first. Not more
than . per cent. Of present business is
being done upon present prices. That
is 10 say, 81 per cent of production is
to fill ordSrs that We're placed months
ago.
Notwithstanding the fact that 3esse-
mer pig is quoted at $40 most furnace