New-York tribune., 1907-09-19
IRON AND STEEL CONDITIONS.


There Is increasing interest in the pig iron
kets particularly in the East. Some OF the large
iron makers have taken the lead IN meeting the
conditions. and have reached basis upon
which business IS being done This level is close
to SIS 80 delivered. for basic pig. and $50. deiT-
cred for No foundry. 1t has induced couser"a-
tive brying for the last quarter and II is clear that
that for the time being the market has reached It's
level While it Is acknowledged quite generally In
the finished trades that diminished tonnage must
be expected during the winter months IL looks az
though prices will be kept steady at close TO the
present level by the large interests The keynote
IS 10 be cooperation, without any close dsSotla-
tions. Steel continues scarce. and there have been
again negotiations for the purchase OF biiiets in
Eastern Pennsylvania by the Steel Corporation
The rail mills booking no business of any con
sequence in standard rails, but the run OF orutrs
fo- liobt rails is quite good. New work for
structural mills keeps cropping up About six thou
sand tons have been placed for additions 10 large
industrial plant in the Chicago district. and one
interest has booked about eight thousand tons IN
all Of railroad work. Some of the plate mills are
seeking work rather more eagerly copper mas
sold for export on the basis OF l9' Genus Ior e'sC
domestic buyers. There is little doubt that ]!
cents would be eagerly accepted by some dealers
the Iron Trade Review" says:
THE week has been marked by increased activity
in pig iron in East. and heavy sales have been
made especially basic. While concessions have
baer sr,nted fbe tone Of the market better
in the Central West Pig iron has been eEtrenteS
quiet in finished lines. New business is not large
and there is keen competition IN some lines espe-
ciaIly sheets.
Cleveland. Sept. 1S-''The Iron Trade Review"
VIII say tomorrow:
LARGELY increased sales OF pig iron in the cast
e-u territory particularly OF basic. have been Inc
marked by dulness in most sections or the coufi-
try Favorable crop reports and other evidences
OF Of the farmers are increasingly I'M
pnrtanf indicating heavy purchases by agrlcult
lIral interests. In tsuarterS lack OF Capltal
is holding up enterprises anG there is general com
plaiut Of slowuess in making collections. IL is
that about thirteen thousand tons OF
district to supply certain Eastern plants OK the
steel CORPORATION, where there shortage NO
esserner pig iron Is 10 be had, and in the Centrai
West there is a scarcity Of basic for prompt de-
livery a fact which developed within a Few
3aSs by inquiry for large tonnages The market
Tor steel making irons is considerably stronger
ftap foundry grades. Sales OF basic IN the
t-asr have amounted nearly fifty thousand tons
and although concessions in prices were made
feelinr Prices the higher grades OF Southern
,,ig irGn are being maintained by cooperation OF
iasdfng interests. and the Southern market SHOWS
,ncrs Strength. In the Central West foundries are
- co husy they a month two ago ana
,era is some hesitation IN taking iron on contract
t,,r, cancellations not numerous
%" Toe.ting of the special committee OF rail eX-
- specifications will he held in New YORK on
ss,a,'her "a and it is expected that large num-
- ~ orders rails will be placed soon afte-
- arpo15uce-nrnt Of the agreement n present
- lies Of heavy sections extremely small
~. fsir business is being done IN hight rails
tions are being received from aE-
t,is,,,aI interests steel bars but bar IRON is
,,,t in very active demand and TIE prices are II
reGEisr.