The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1905-07-07
But Not So Active As In The I'm.
mediate Past,
GOOD RAIL ORDERS BOARDED
Differences Between American Steel and
Laborers Adjusted. Is Important
Move. Clause Relating to Restriction
Of Output Eliminated.

New YORK, July o.--l ne iron Aye !"
its issue of today says;
The feeling in the iron trade gener-
ally is distinctly hopeful and yet there
is little that is tangible TO justify in
creased optimism. The branches which
saved the situation after the check OF
the late Spring are still the backbone
of the good times. These are
that the clauses relating to restriction
structural and the plate trades which
are fourishing through the railroad
building of cars and engines and the
heavy requirement OF the buildings.
The bridges and ships for the Lake
ships is an indication of the volume OF
business being done, the fact may be
mentioned that the American Bridge
Company alone booked orders for
bridges, buildings and structures ag'
gregating $1,000 tons during June.
The New Central order for buildings
involving $4,000 tons OF structural
material, were placed during the week.
Chicago did a good business and has
some large work in sight. In the plate
trade, mills in the Central West have
been forced. through sheer inability to
make deliveries, to transfer work to
eastern mills.
Some good rail orders have been
placed lately, including $4,000 tons with
one mill in the central West and 10000
tons with an eastern plant.
The event OF the week in the lighter
lines has been the adjustment between
the American Sheet and Tin Plate
Company and the Amalgamated Asso-
citation, of both the sheet and the tin
plate scales. The men receded com.
pletely from their demands for an ad.
vance in wages and accepted substan-
tally the existing scales. One very
important point was made and that Is
that the causes relating to restricting
of output were eliminated. This has
been a sore point with those manufac-
turers whose mills were under union
rule.
The rebate Of one half percent in tin
plates intended to ilpPlant foreign
plates imported under Che drawback
clauses continues to August |. After
that date it may be restored by the
company to the original 8 percent re-
bate, ii conditions require it. The set
tlement of the wage questions in these
two important branches removes prac-
tieally the only cloud on the horizon
From a market point of view only
prolonged struggle could have affected
values.
There are indications that at least
one large consuming interest in the
foundry trade has begun to feel the
market for pig iron seriously but that
is the exception. The deadlock is
really unbroken and the drift of events
seems to favor the buyers since south
ern iron has weakened further and
some smaller interests have accepted
the basis of Sll for No. 2 foundry at
Birmingham. The leading interests in
all the principal producing sections,
however, are abstaining from any at
tempt TO force pig iron upon unwilling
buyers. 10 viii take some striking
event TO start the buying movement
some merchants believing that We may
drag along in this manner for the whole
sf this month.
Bids are being opened today in this
city for a round lot OF case iron pipe.
Kansas City has just awarded 6,OCO
tons.