The Minneapolis journal., 1902-08-07
Iron Age Review.

New York, Aug. $50 great Is the pressure
of steel rail orders In this country that an
American railroad, according to reliable re-
ports has been compelled, says the Iron Age.
to place substantial contract abroad IN or
der to secure satisfactory delivery. The re-
port, which Is not officially confirmed. how
ever, says an order for close to 80, 900 tons
OF steel rails for delivery to the Pacific. coast
has gore to q German railmaker. It Is nn-
derstood the Southern Pacific and Union Pa
cihc companies, together needed lO0, O00 tons,
but that het American mills are unable to
meet the requirements as to deliveries on all
the work. f.t.- ts.-E-: @s7sr5 p .s :-.-
There have been very few developments
during the week to indicate any. notable
changes in the iron markets of the country.
From all the distributing centers come re-
ports OF further purchases of foundry pig
iron for delivery during the first quarter and
the first half of 1908. Cincinnati notes that
tho volume of transactions was not quite 50
great as that of former weeks. Some south
ern makers are still selling for the first quar-
ter of 1903 on the basis of SIT for No. at
Birmingham, but the majority are asking
$3.50 and SIS.
The foreign steel markets are reported to
be easier, in sympathy with the lower ten
dcncy developing with us, and billets can now
Some consumers having over bought are re-
selling to a moderate degree. The volume OF
business doing is small, however.
The reports concerning the condition OF the
heavy trades continue very satisfactory and
the plate markers are generally enjoying
rush of work.
:, Less satisfactory accounts come from the
lighter lines. The volume OF business in
bars, hoops and bands has fallen off. There
has been Improvement recently in the sheet
trade. Quite number Of the mills are taking
down for summer repairs in order to afford
their crews an opportunity for rest
Chicago Country Hides.
Chicago, Aug. THE market has gradu-
ally worked higher in price. until 9Ssc has
for bCffS Several tam
ners have been in the market, but no ex-
tensve trading reported. Brokers report but
above M s the ieS views Si of TSe large sales
Of packer hides at strong prices has stifened
up the country market on nearly all grades
of hides. Dealers are endeavoring to increase
their supplies and are securing the country
for hides. Several cars Of nearly all classes
are moving, mostly on previous contracts.
No. native steers, so lbs and up, free OF
brands and grubs,. in light supply. Market
| quotations range from lie to 1l1kc. Dealers
report such sides scarce and In excellent de-
mand.
No native COWS, free of grubs and brands,
60 lbs md ever, quoted at 9k@9Ac per lb
Several cars have been recently taken at the
above quotations. Some OF the dealers are
talking 10c for all short-hared hides suit
able for harness leather.
Branded hides, suitable for sole leather, in
Of &c for cows and &c for steers, averaging
55 lbs, running about half short-haired; d. !! A
western tanner LIe DuyeT. CouAlly poSh0As
all late take-off, command higher prices.
| No. bluffs, 40 to go lbs. free of grubs and
| brands, have sold at various prices this week
The quality of the hides governed the sale sale
| price. The last sale~Tas two or three cars
late sailing at essc; other sales were made
| at 9@9Ac. An offer of 9Ac for block was
turned down. Dealers generally asking 91Ac
for all short haired stock. Tanners are slow
buyers at the advance.
No. extremes, Is to 40 lbs, free of grubs
and brands, are held at 9Mc for late receipts
Nearly all the long-haired stock, which was
recently in good supply, has been sold on a
| basis of sac to 812c. .-.
Bulls are selling in less than car lots. fol
| seasonable hides, at SAc fat; branded &c
| Market Is called firm.
No / talfskins, cities and outside cities
are quoted at 11A@12c. The offerings art
larger, especially from eastern dealers; NJ
extensive trading thus:far this week. Chicago
cities are firmly. held at 12c: Sale. one cal
outside cities at INC; No. 2, loAc.t :
No. country calfskins, to Is lbs shad!
higher. sale of one car, which included
some cities, was made at 11Rc, with No. 2 a
10c. Market steady. Quoted at ~11l4@11Ac
Kips, IS to Is. lbs. all short-haired, includ
ing veal skins, are quoted at s1a@9s4c; strtctl!
veals, about 1bc higher: sales, one car long
haired skins at size and 7c. :,.,