| Show I I RON IRON BUYERS ARE STILL WAITING In No R j lf to Even Eyen at Prent Prices r JS IS Yet t 11 I Ig S a lunger til r IH Ih site h hi i Nn New Tork May Iron IroD Age In Ib IbI I it weekly lU vIew review ot of iron and steel con COrl Buyers gs mally 11 are aN stiLl wailing and aDd are tact Ot b by lower loer prices 01 offered thea u as inducements tu to their It requirement The conditions prevailing It at t the great nat seat leat of the iron IroD Industry are an not DOt I lug q T The business 10 now W bela being placed is II U it special prices an and on special terms It 11 I extremely to make even n on such staples of the trade trad a bessemer pi pig bun ud and Ile steel 1 billets The b DOMI nominal AI price of be pi pig Ii wine being sustaIned by th the us but ute ure being from l pi pig iron eill at t lu lower r irkes without I isa lii sales tH Th indicates 1 u continued cattlina of and at al Ib the no bO In lew Iw ot of lu WeIght tu to arrest the down war urd tendency Ja situation of Ihl this kind It I Ia well to CSer what DIU nitty possibly be ot of it 11 character r Wi W have In thic IhlO connection a slight in the clouds In Inu int u t Wt West Reports Report from Chicago and Cleveland Indicate consumers In those sections are being forced by bv their Ihl to purchase rather muse mOIl tb than has baa been their lr custom for everal months pest paIIt ma may lIe be due to t causes caUlt hut hUI naturally the hope prevail that it 1 mu be the fore forerunner runner of improvement which often co comes from the WI ConsIderable interest attaches attach to the Ihl possible down of many iron and steel wow works during July and possIbly The strongly favors it 11 of this kind In Ib order to reduce and thu enable to maintain I prices whIch will In insure u the continuance ance of high w wages action If It should hould be general ma may cause quite a flurry flurr in 1110 certain lint lines tO 10 guard against scarcity whIle mUll mills ar are The Th general Is II enter tamed amon among pl pig Iron sellers ellert that a much larger or If business is III tel to tellie tobe lie be experienced within the Ibe coming month So 10 many large contracts U cx pine In June that tha a 1 very ery lIum or of buyers must reenter the market mak even ven If Ihl thee only purchase small quantities The aggregate of such laU would amount to a 11 are certainly jut just as well to be In om eom as al In l the he stuck market tock have IlU n a steady d di clias Jim comes when Ij a buying lets uta In This being done don b ba by bya a nu of f persona lead d quite a of Jt w Id not nol require much business In inthe the Ibe I n trade to IIII a I ehan change In nt which would bring about u 0 bette It nu no means mean apprehended that Will continue to recede until W vo the level of 1898 Till This hu hac II been th the history of prevIous mow move of Ih the kind through which wt 11 hr he jUlit wen lu In 1880 1530 after the thi of that boom until rh they y at al ll on n B a level very err con above boe the low rate mI prevailing In IBiS 1371 This I is likely to bt be the case Call M now hI tall tact that this is II the year ear of oC ofa oCa a pre I election militate t tany any expectation of oC un tiny sharp hat reaction In prices prieto TOO depends depend on thi Ib reSult of that Ihal election for la large cum corn I ti b be made which might prove Men are ar likely to III togo I go 10 slow lo absolutely certain that I existing conditions will not Dot be radically chan changed d II The of 01 Ih the American fudge Company Is II an I and tue officers of the corn com compaQ will bl be elected this week after which the ne new will bI be real ready for tor business It is II expected that tile the board lIoard tit of directors of new oem corn puny will bl be exceptionally strong both bothIn CaD In n point of mR ability and ba lel TIlt Tb metal market hap beta been treated to another surprise during durin the week bY bYh I reduction on p lead Thus Thu tk three have been blea made with withIn In seven vea days day lim altogether to tu per r ton Ion 1 ld a ld seePs give IYe have quite taken the III it feet 1 Lower prices are also allo being made on tl ti and spelter |
