New-York tribune., 1902-12-05
IRON MARKET CONDITIONS.
Rogers. Brown & Co. saws:

A quiet, pig iron market is reported from rn.I all
for their requirements for the first half of the year
during the months of August and September The
filing in against delinquent deliveries on existing
CONTRACTS The business remainng to be qons rs
take chances next years market. and also the
] lliUl vSH, ialta, hti ropsnmers Furnaces
have been under an tndescr bable strain for months
terials coincdent with unusual pressure from buy
ers Leading companies are months m , BEHIND con-
weeks behind. If new demand were TO be sus,
be more than even with deliveries and nearly all
would have two-thtrds to three -fourths Of full
product booked thereafter until July or August
The most careful inquiry fails disclose any fall
ing on in consumption WORTHY OF @ note On s quiet
few small sellers This is sufficient already 10 take
weeks past for spot iron. Regular market values
however. are not affected Furnaces in Eastern
when they have partly caught up with long delin-
of English and German iron along the Eastern sea
board. The outlook in every line OF manufacture
consuming pig is reported as exceedingly good
Cleveland. Dec f-''The Iron Trade Review" says
of the iron market:
iron trade 10 an extent that prevents any large
buying covering a period ot months. 1E' TN tIe
Gates that consumption is not lessening and that
that thev not fail OF needed materials The
reluctance In several finished lines has affected the
pig iron market bringing prices 10 a more con
servative basis and putting an end 70 any Iinger3
ing boom feeling. Railroads have gained ground
also In their attack upon the freight embargo and
furnaces In the Central West a marked i'm
uroVement in the coke situation. II this should be
aided by the release of that have been
hurrying coal lower lake ports for the last trips
up there will ne pig iron enough TO go around. and
every month in the new year Will ad dto the active
furnace capacity While the Ideas OF sellers of
foundry iron 10 the proper prices for the second
half of 1909 have been revised somewhat, there is
little interest in such sales and the prospect is for
Il hand to mouth market for the next few months
Meanwhile. foundry iron for the first quarter and
first half Of 1908 be bought % cents to 81 lower
than was possible a few weeks ago.
In the South important development is a
movement consolidate some of the isolated fur
naceS in the eastern part of Alabama. with view
to engthenng them IN raw materials. The
Central West. including the Pittsburg district,
shows a waiting pig iron market, with eXpecta-
tion nf early resumption of heavy buying Steel
maintains its trmneSS in the face of light buying.
and Bessemer hillets have sold at $29 500 2S at
Central Western mills The import movement is
lighter. with change in prices, Statistics
October show that the total imports of pig iron.
steel and iron. and steel products in that month
lighter than in September. while iron and steel
exports showed an increase over September. a sig
n;cant turn I'm the foreign trade that will be worth
watching Rails have been the active depart
of tho market of late. and il il estimated
hundred thousand tons have been sold
last fortnight chiefly for delivery in the fan OF