The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-03

Hedpeata H9ai8ea1 N Pie Iran Wefsett
-NstWs N nspssts ~ s,ep, pgssIWsts
aualsess N me ete lfga efafnsss duflae
itat essk Nsa " maaetafs dlEeaetaHa, n4sg
sNf We@ N f5uHfgy afadnH TAa heavy
bfyiha ~ l5uNfpy lHtefsse ettuH oreugfrf
ghen q eeal EfiNs ssa fresHdIAa suiimt
w eontffe1a fof feNdasrs ~ eeeoun' NJ
NhieN = eyeat dsst ~ ~ " e5ule from Nesih
sfH snd qdughrfh farnarea Thla aHtation
sspifins, IN nHft the conditions N iua WV
" aeilue aeeHeies aHd ths fgti ~ gaf SIMS
tine sheet stHa N mesf N me luipdyfan'
luaFefa W foundry ifgn \ fes aperlfrsttnns
fef iafaa toHHHers afe cHHdHi1uef fet ptae.
Inc IN thts WeeH'a uafRat, ant there II w
evefydsy buYiha auiHa M IN small fHfceia
that RING W ~ a falf sehouut ~ HefstNefa
fhe ftAntdsfs' HfiHe h evidently NesgeN
Inc Naur NJ fhe ss eafirI mouidefs whU
vent IN AflhN afe labofett Whg we're put
n mouldlns N tina b%eainnina NJ the teceht
buoin IN The mahlua q products thet W GOT
fsrulfe shHled modidsfa 4 humbef " ths
plaets a which tho mouidefa sftct have
replaced ths strikers 9th be,tef men and
hundreds NJ the efihefs have returned w
w6fk.
IN several Iron cduntmlna interests the lull
inetdent ~ hetween seHsdna II hers and Nlll
continue fot several weeha Manasrfa ~ these
foundfics give N for their opinion that nv Tho
middle NJ ttly buslnrss viii be active thence.
forward til the end ~ the autumn, Prices
are arm Tor all grades ~ foundry iron stocka
~ southern ard Northern furnaces sfe In
conal ietatis. The aame condition Il IN evl-
tence ~ the plshts Of che consumers % foundry
iron, In steeimakina Iron business u on a hlah
level. Production goes on NJ maSlmuin "a
pacIty. and buyers stand ready 10 take all
tho metal that IL available, Makers Of Iron
for the steel plants predict q hlah record busl.
ness through tho last aiS months ~ the Feaf
Among foreign iron and steel nal era there
Ia a Jubliant feeling over the fact that the
prospects for business In the United states
makes II clear that there will be- no large sals Z
Of American iron and steel In Europe during
this year nor during far Into che oomina year.
Several British and German engineering
Journals observe that the unprecedented
home consumption which American IRON and
steel workers are ministerina TO will certainly
continue for more than a yenr. and that
thereby all fears Of the dumping Of American
products In European markets may be put
aside, The elimination Of tho fear Of Ameri-
can competition Ia giving British and German
iron and steel workers lucrative business
in many markets. Germany has recently
stAfened up prices for iron and steel. and Is
40 busy with profitable home work that she
Ia unable 10 do much In shipments Of raw
iron anu btefi 10 oTeht DrltalH' uefnldny
has been buying heavily In British pig iron.
and the prospects are that trade In this line
will assume enormous proportions from July
till September. An increase In the home
consumption Of hematite iron is reported In
Great Britain. and the export trade therein
Is becoming most satisfactory. The ruling
basis Of values for east coast mixed numbers
Ia SIS Cd. An early all around advance IL
looked for. Spanish iron ore Il very firm
and the outlook Is for another advance.
Present cost landed on the east coast Of Eng
land IL 100. Cd. to EOS. per ton. The British
steel trades are In fine fettle and feather,
with plenty OF work at remunerative prices
and entered contracts that assure employment
well through the year and partly into the
coming year. A good deal OF new business
In cargo and passenger steamships Ia shaping
out for British yards and 10 having a good
effect upon the steel trade. Tho fear that
America might pass a shipping prote ction
act held back new work In European ship
yards. Now the foreign shlpbullders say
that the American proposed shipping up
building bill ia "smothered" till 1909.
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