New-York tribune., 1908-07-09
STEEL STOCKS CLIMB
c,.a;,;or. in Iron Industry Indicate
w. Record Year.

advance in the United States
there Nss .s.s-5av particularly the preferreo'
s.ee sn1- "A los5z making a new hieh Ieoo,u ~.
which ioo +he highest price since Isoo' ~heh ~
.he yea. = The common sold UP 70 avs '"1
sold 81 ss. net gain for the Gay OF IA poiii19 p
clcseo fund bonds OF the ooLpoi -.
IRE sinkins strong and advanced fuIl pola',
slso decioeos ,olas Of about 800 AS the steel
ron 10 ,,os =, mon as a barometer not only
ssecks sle -1st as a whole but OF business
:, the s'ooA s'oa-ouv. .. the advance was considered
cond1ons = financial circles 1t also leo 10
ssuihcsnt - "a r,1u1or that plan for retiring
Tes1ssi - - stock was being worked Out " '"'
ihs pre- bur this found few oeheVers
c9rpoTsuo, - out IN this connection that II was
-, the holders OF the pleie p - - -,
not hho ner cent interest, would consent 10 an
csr7ies y .be,- stock for per cent BOND
sxcssnse - sa1 reason for the advance, It was
The n0i .u informed quarters. was the disuncI
ssid IL - IN the steel industry, aided oy 'he
IMPROVE s,,srvievs given out by eX-Juoss T. n
cptrDis" Totn n. Gates before they sailed lor
,--one last Tuesaas- ,...... - .,,o,,-,
buIVPs buIVPs-ox,eunent IN the steel business Is sho"
The nlp p-. --,n,rer OF men taken back to work
n the @ az = Mills since the beginning of the
IN the - Dlaus that are under contemplation
week H4 . +tsr mills An officer Of the United
foT op ,.oI r,orporation. in speaking or the I'M
sAe1 sA+ IN the trade yesterday, said that II hau
p, marked in the last two days. ana uls1
heeh Fe-. ,ton WIS now doing 30 per cent OF lis
- 'H busiuess. which is the hghest percentage oi
. Tie. recorded since the post panic recovery
SET IN. -, ,-,,-o.,o,, rerorts that its
inc = -. month OF June were 100 per cent In
ou CUE. ~ the preceding month The structural
sfoes .ts company is in full operation. and the
iD. ,r MIL resume shortly Ine Iacha"a-lha
"a. u 0o-nnauv viii put all its mills in opeTatloh
H. he ref
ls -bs 5epression in the steel industry started
- t-ro mills are down at the present time ana
o-s .,nsnv reports more business in the last TWO
ihs - ~-.al,s Than in any similar period since the
@ m -. started steel plate interests report a
. s-essv run Of small orders. and generally
isns io hes-f,I feeling in the trade The number
~, n0lo IS nearly normal with some Of the pro-
- - hut the tonnage is reduced
osss s-ls Tron Trade Review says Of conditions in
me trade
.,..orrb the iron and steel industry is now
through what is usually regarded the dull
- - -asson of the year, trade conditions are not
shoGt their encouraging features Lhe kindrnS yqagmg
:. o5nrts is larger than at any time since OcIo-
~ and specifications IN al hnished hnes are
s t.. +stine Of annual inventories and the making
" p esj-s the list OF idle plants has temporarily
a. s Increased An exception to the regular sum
- cjosng policy has been made in the unplate
n, ~ ov7ns To the large tonnage booked. and the
,S;1g interest is now operating - per cent OF
y 81 NH sbnn,ents for June from upper lake ports
1ogpred to 25E,6S2 tons. a loss OF 5,S4.,oSL tons
- s1-rnsreG with June Of last year 10 July l
= to+sI shipments have been only 2S7o9sI tons
srsinst 2 sS5G14 tons during the same period IN
se = decrease of 9G4627 tons. Notwithstanding
~ =. .,1 = maj furnace operators prefer to await
5srejopments before closing for their season $ re-
SgiTsnents and despite the limited tonnage
ss-.nghf down the lakes TO date, authorities IN
s ssde Eti1 insist that the seasons movement
vii resch a total Of 2o,co001o tons.