New-York tribune., 1909-04-29
IRON TRADE CONDITIONS.
The Iron Age" says:


With the exception of the Chicago district the
leading distributing markets shown a good
ron have been taken by The harvester interests,
and further purchases are pending. MalleabIe
makers negotiating for additional quantities
IN New England. and founders in that territory
nave made some liberal purchases. Some OF the
leading interests in the Buffalo district having
booked very liberal orders the basis OF $l4 %
Buffalo. are now Withdrawing from the market
Large sales have been made by Cleveland furnace
men and stove makers; radiator manufacturers
and pipe foundries IN the central West have been
and are still in the market In Eastern Pennsyl-
Vania lot Of six thousand tons OF basic pig
iron was placed and negotiations are pending Ior
additional tonnage. Some round lots OF basic pig
With very few exceptions, Southern makers are
asking 81 % Tor No. foundry, and buyers nave
IraI West and the East The feeling is becoming
more general hat the tide has turnd. and that
the future higher rather than lower prices
likely II seems that good share Of the re
ouirenents still remain 10 be covered but on the
other hand the stocks chiefly in the central West
finding il expedient TO convert the ores Tor when
they were forced to pay into pig iron, on which
on bars shapes and plates is longer to charac-
terize the operations of of the leading inter
rather joyfuIly followed by others 1t is a fact
however that the tonnage hS5 bfc bot seme Tepors
would seem to indicate Some very low prices prices
both for domestic markets and for export
The Iron Trade Review says:
Increased activity in both pig iron and finished
lines. with the exception Of rails is belng ny Wen -
maintained throughout the country and mere s Is
furnaces to quote the very low prices that have have
beer prevailing. The effect OF large sales mace
during the last weeks is being shown IN tne
increased capacity Of operation especially IN the
Chicago and Pittsburg districts Some sales OF
Lake Superior iron have been made. with llt
guarantee that buyers will be given the beneht
OF any reduction in price that may De afinolceu ~
later. For the most part. however, ore transac-
1ions have been confined 10 reservations amount
tng to about 600 900 tons. without contracts be
ing actually signed. II does not seem posslbIe
that lower prices will prevail Owing TO the
opposition Of labor unions 10 the open shop prln-
ciple on the lakes vessels are being started
earlier than would otherwise have been done
with the expectation that the labor controversy
Will be settled before there shall be any real de-
mand for heavy shipments Of ore. Some local
ores in the East being sold at low prices Inc
Tennessee Coal, Iron and Railroad Company mas
withdrawn its s11 price pig iron, and has re-
Gently sold 10000 tons. part or the latter saies
being at 81 80. which is now the prevailing price
for the Southern product In the North pig IRON
prices are also somewhat firmer. Sales include
-2+.000 for Massillon cast iron pipe con-
eern. 1900 tons Of malleable in Eastern terri
tory 10000 tons Of basic sold by a Northern ONO
furnace and g 500 tons foundry and malleable
grades TO the International Harvester Company