New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-21
CONDITIONS IN THE IRON TRADE.


Cleveland. March 2o.-"The Iron Trade Review
VIII say tomorrow:
The food IN the Pittsburg district which resulted
IN the temporary banking OF thirty-eight furnaces
and production loss Of approximately hftv thou
sand tons Of iron. has seriously impaired tie metal
supply OF the steel works in that section The Car
negte Steel Company had twenty-seven furnaces
out OF commission for several days. and five stacks
OF the Jones & Laughln Steel Company were idle
LOT snort period Finishing mills were also shut
GoWn from TOUR DAYS 70 a week. I de American
Sheet and Tin Plate Company in addition 10 having
It's stocks damaged by water, was compelled TO sus-
Eight plants OF the National Tube Company were
Forced into fdleuesS and several BesSemer steel
WORKS were likewise temporarily imperative. Up 70
the time OF the floor indications pointed 20 produc-
steel corpora ton which would surpass all previous
achievements and all former efforts had been over
There has been a decided revival of activity n
the pig iron demand throughout the East. The
nine thousand tons of foundry iron. and scattering
inquiries received by one New York iron merchant
total forty thousand tons. The General Electric
Company has increased its prospective needs for the
OF five thousand tons for shipment during the period
cargoes OF NIiddleborough iron. which were taken
~ q % stiror Da fDterss+ ~ ~ tbo,,s91,5 tOr,e
OF ferro-nanganese at SOS seabOard Southern iron
for the last half has advanced 50 cents a ton. the
withdrawn.
The Carnegie Steel Company has taken all OF It's
available March Bessemer from valley furnaces
Cambria Steel Company has contracted for thirty
six thousand tons for equal shinments during April
May and June. the price 10 be adjusted monthly
The latter purchase is significant of underestated
requirements by this concern. inasmuch the
option which It had hfty-one thousand tons
nearly two months ago was not taken up.
Finishing mills. despite high pressure operations
are unable 70 satSiy cohsIhPliye requlIenietS, aug
the recent hurry IN stocks had not been Fenected
by curtailed demands. Prices pipe and tubes
Tube Company, and independent mills are asking
premiums of 3 TO 81 q ton. Present quotations on
tin plate have been. extended through the third
Heavy contracts continue TO be placed for struct-
Are1er ffRVf Ri Trrast Hfr
booked twenty thousand tons thus far this month.
OF which $500 were received from various su2Sldi-
I'VE San francisco buildings were also placed Rail
tSats for the week aggregate 1900 tons and an
order for 5000 of riveted pipe Tor southern CaI
ifornia is being figured on
.'The Iron Age" says:
The flood in the Pittsburg district has led to
serious loss I'm production both ON the part blast
furnaces and OF steel works and rolling mills The
affected is not quite correct Thus operations were
not affected at the Duquesne and DonoTa works OF
the steel Corporation, while HonestetG kept rnIl-
ming with the exception Of two individual mills
and Careton with tho eXce9tiS%n or ,b o hnrfa, s
disaster however mas einPhtSlAea tuS SiiV CSS %
pig iron During the last week the steer corpora
April delivery from valley furnaces on the basis OF
So furnace and has secured 92to3S iI9 a 5 5e
livery Another furnace interest has sold 10000
tons Of Bss59es 1pr Nav and june at the aver
age monthly market price
There IS very little doing in basic pig. In the
East the steel makers supplied for the second
quarter and show little disposition 10 touch the
second half because they finding IL difficult to
sell steel al satisfactory prices Besides the East
ern plate mills are now back to the condition Jlat
larger sales of plates must be made at Pittsburg
base prices the premiums having disappeared At
times an urgent demand for spot foundry crops uD
FOR which premiums obtained. IL leads to such
CURIOUS occurrences rs the shipment OF MlddIes-
6oroI{gh iron from Philadelphia to- Chicago. The
BUYER who took about a thousand tons. asked that
a. bo sbfnDed by 1--WE different routes At least
mart of the 600 tons required for leading cleo.
tviceI plant for delivery during the second half
has been closed. and IL is probable that al OF II
will 90 To the Buffalo furnaces A large foundry
t,,taarest has purchased close TO 10000 tons for
nori,r delivery from Northern furnaces and from
49, south comes the report that large melter has
tai5o1 lots from different companies IN the Birmng
han district sszeregating 900 tons. II is esti
mated that 10000 tons OF iron was SOlu IN the us
trict. during the last two weeks.