The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-09-19
IRON AND STEEL SITUATION
GROWING STEADIER.
GREAT STRIKE ONLY A MEMORY
Important Buying Movement, Which,
However, Is Not Proof Of En-
larged Demand, Is at
Hand.
fRy Associated Press.l

New York, Sept. 19.-After referring to |
the large buying of pig iron. the Iron
Age, in its weekly review of the con-
dition of the iron and steel trade today
says that when there are coupled with
that buying OF the pig iron constant re-
ports of large current business in ma
terial for carbuilders, for ship yards.
structural and bridge shops, for build
ings and dwellings, and for the require
ments Of the farm and factory then we
have a right to feel encouraged in the
face Of assertions that 1.-THE boom is
over
On the general situation the Iron Aga
says: although resumption at the
western rolling mills is not yet universal.
1t is so general that the strike may be
relegated to history. It will take some
time before the tin plate, sheet, hoop and
bar mills catch up with their orders and
normal conditions as to deliveries and
prices are restored. The other branches
of the finished trade have not been at
fectd all along and continue in the even
tenor Of their way.
Situation Is 0bscured.
"The condition surrounding the strike
have, of course, somewhat obscured the
situation and have made 1t difilcxult TO
gauge consumption for some time past.
For weeks to come 1t will be impossible
to reach really trustworthy conclusion
on that point.
AS matters stand here and abroad our
home consumption must take care Of our
domestic produce because prices in for
eign markets are considerably below
parity in our own and because Euro
pean manufacturers are showing deter
mination to take what work is coming
up.
Proof of this is cropping out every day
and virtually in the heavy lines the ex-
port trade has been practically dead for
months. The only factor in our favor
is the low rates OF freight.
1t will be readily understood, therefore,
how closely any indications pointing to
the development of our home consump-
ton should be watched. Bessemer pig
in the central west has ceased to have
value from this point of view, because
sliding scale contracts based upon the
price Of Bessemer pig may render it de-
sirabe for powerful interests to influ-
ence the market
Much Free Play.
There is still much free play in foundry
iron, which is only indirectly Influenced
b. this situation. In this department
ing firmness come from different leading
distributing centers, although they must
not be misinterpreted.
For months large proportion of the
buyers have been purchasing very eau
tiously until now they are facing the
QUE stion of securing winter supplies.
We. seen, to be on the eve Of one of the
p :r;Odical buying movements which in
itself is not necessarily proof of an en-
lcrseG consumption.
ANNUAL STATEMENT.
The Western Iron Works Ga Montana
corporal ion) hereby makes it's annual re-
port in pursuance Of Section 451 of the
Civil Code Of Montana. as follows, to-
wit:
The amount of capital stock Of said
corpora ton is 100000, divided into 1000
shares, of the par value of 500 each: of
said 1000 shares Of capital stock only
$50 shares have been issued, the re-
mainder thereof being held in the treas
ury of said corporation. That upon said
$50 shares there has been actually paid
in $4,000. Amount of existing indebt-
edness is $4,000.
Witness the signatures of the presi-
dent and a majority of the directors
of said corporation this 18th day of
September, 1901.
W. G. BAWDEN,
President.
F. L. MELCHER,
Director.
CHAS. GREINER,
Director.
state of Montana, County Of Silver
Bows.
W. G. Bawden. being duly sworn. de-
poses and says that he Is president Of
the Western Iron Works, the corpora
ton making the foregoing annual report;
that no knows the contents Of the fore
eoinp report, and that the same is true
of his own knowledge.
subscribed and sworn to before me
this 18th day of September, 1901.
Iseal] RICHARD A. KUNKEL,
Notary Public in and for Silver Bow
County. State Of Montana.