The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-05
IRON TRADE REPORTS
FAVORABLE OUTLOOK.
output at Present Is Being Closely Ad-
justed to Shipments and
daJae

NEW YORK. Dec. 5.-The Iron Age to-
day, reviewing conditions in the iron and
steel trade, says;
THE volume OF new orders for finished
iron and steel is still light, and little inn
provement is expected during the current
month. So far as figures are available they
Justify an estimate during November of
about 40 per cent. of the capacity of the
mills. 1t is noted that it is the smaller
purchasers who contributed the bulk of the
new business, and it Is they, too, from
whom collections are most satisfactory. 1t
is significant, too. that the wire industry,
whose products go into so many diversi-
fed channels, and to SO large an extent
to the farming community, is relatively
best off.
Output is being closely adjusted to ship
ments and sales, and probably averages 40
per cent. of the capacity. In some branches
the cutting down Of the make is even more
drastic. Thus, the American Sheet and
Tin Plate Company is operating My about
20 per cent. of its mills, making tin plate
products, while most of the independent
mills are running half time or less. By
the 18th, Of this month the greater ma
jority of the %urnaces in the Mahoning and
Shenango valleys will be idle.
Some tonnage of structural material
has been placed, including $500 tons for
the car barn OF the New York City Rail
way and $500 tons for the Madison avenue
bridge over the Harlem. In Chicago, with
in the week, figures have been submitted
on structural n bridge work. which in
volve a total tonnage of 11,OOO tons.
New Britain is calling for 10000 tons
of water pipe, and Chicago is in the mar
ket for $500 tons"
CLEVELAND, O.. Dec. 5.-The Iron
Trade Review today says:
"A favorable feature of the iron market.
which developed during the week, is the
iarSe number OF suspensions OF shipments
that have been released and manufacturers
instructed 10 ship material as soon as pos
sible. This is taken az, an indication mat
consumers who have allowed their stocks
to run down are now ia need Of the mate
rial. There has been no change In prices
OF finished lines.
while several plants, among them the
steel works of the Brown-Bonnell plant. of
the Republic Iron and Steel Company,
nave resumed operutlons, several Others
have smut down and those that have re-
sumed have done so for no definite period.
Among the plants shut down is that of the
Youngstown Sheet and Tube Company, at
Youngstown; the Carnegie Steel Company
has not added n new plants to those
shut down, but now has six in all, with
a daily ingot capacity of 1900 tons, aside
from finishing capacity, running Oh slow
time. 1t is estimated that IS per cent. of
the steel mill capacity of the leading in
terest Is not IN operation.
1.-THE Crucible Steel Company Of America
has given notice Of a 10 per cent. reduction
in wages to all employees receiving over
$50 a month. effective December /. Several
independent operators In the Connellsville
coke region have reduced wages 1917 per
cent, and at q meeting Of operators, to be
held In Uniontown next Friday, a general
reduction Of from l2A to 90 per cent, which
represents advances made during the past
two years. will be voted upon.
IAN Improvement in the tin plate BUSH
ness Is noted during the week"