New-York tribune., 1909-07-15
THE IRON AND METAL TRADES.

aThs Iron age" saws. A very much more cheer
II zone pervades The whole iron trade, and any
hIug OF in activity which may develop during the
tsance Of the month and during the nrSt hai OF
august will be accepted without any uneasiness
Il some finished lines notably in steel bars. plates
sr6 shapes the mills are IN such condition that
6s-e-iss are being dela~ed. and II IS regarded as
probable by some observers Of present tendencies
IA, the question Il making reasonable deliveries
nav soon become q serious problem Sellers are
sar1rcng The prices Witlplf apparently cutting
osFn the stream II moderate sized orders for
Fonpt devery. Eastern makers Of steel bars
s1d Gther products have virtually Withdrawn from
nf Chicago markets 0n'y small quantities Of
Easl raiis have been added 10 the order books OF
1as mills, the New Haven order for about 1900
i11s being divided between Bethlehem and Penn
Flrsnia. Some additional car orders have been
Iased but the outlook is more promising. The
fsorts Of large orders 10 be given out by leading
CsHk line are Inaccurate. 4 general programme
5s.ng worked out which may extend over years
hov much VIII he Immediately available is still
undermined. and iu amy case VIII not embrace
more than a fraction ut the total talked Of The
suuctaral trade is rather quiet so far actual
bookings are concerned Prices Tor fabricated work
a. a'stincuy hardening. but pretty low figures
oliihue L crop up Tor particularly desira bic
kelk The largest single transaction involves 900
tshs q hridge work for lhe IehIzh Valley Nearly
= ne ieadlns railroads are coming into the mar
- iT additional moderate quantities OF bridge
Eght~ '-'
he Iron Trade Review says: New signs of
---e1siAg prosperity are instantly appearing.
-nee Is almost billet famine in the East one
tylaht company operating all its open hearth
--Heot capacity cannot produce enough steel 10
s-PpR Us finishing mills. No large tonnage can be
--ell anywhere in the East, and 80 mill would
.soes9 be the best figure on any Eastern tonnage
s's.eoe The scrap situation is also Worrying
s.steIn Eastern stock Mills. Taking advantage Of the
- - incident 10 the Fourth Of July holiday and
- s+9'g taking, several mills tried TO break the
-eLsIia4 market last week but without sue
-. ahey are nOV Offering SIG for heavy melting
-. - net are getting very little at that figure a
- increasing Development Of the scrap situa-
t-as 1-e decision OF an important Eastern steel
lOSi 70 start some Besserner capacfty later
,,s ne product through the open hearth fur
ssg ~ !" aFola The Use Of scrap. This duplex proc
Ea.+ neeh used for some time IN the South
s.. - ~ VIII Be more economical than b,,,ying
rTs..- ~ me North remains 10 be demonstrated
-. Ousu investigation shows that estimates last
.,seI y sales 70 the leading harvester radiator
- - ron pipe Interests were too low and II is
- -r mat over 10000 tons were purchased IN,
h,,-..St1' t1'ests during the first week In July The
ssi+Ioc harvester Company has made some
1rs~ purchases within few days In the
kssr,f Injury a number Of furnaces are behind
ls-vs ana consumers are clanorinR for iron
- -. - - o. orc are being made. and the outlook
s-s - ason Is most encouraging Some shiDDers
lskas - e..is u At IN spite OF the strike on the
sn ~ a, ,et ufaR backs, this seasons shipments
fis osl tc those OF the record year 1907 ,,-bil.
ley predicted that 1910 will see q treT,e,7,,,
ta-s - - amounting TO 80 90 600 tons Evidently
tr ,s gsTess Is being made toward the cornbina-
q G,be r,s - d dozen leading bar iron producers
snre il district. The bar iron market shows
q b eilent, and - Few mills which expected
1 O1glout July viii resume next week -