Show BIG TRADE IN IRON some firms unable to fill the dc D mand made on them new york dec 15 the iron age in its review today saya says there are indications that the markets are getting excited and the voices of those who are urging caution are being heard it la is certain that notably in n foundry pig iron buyers have been taught a sharp lesson and are made to realize that their long maintained attitude of skepticism was not warranted by the facts there have been very large transactions tr ans actions in the west our chicago correspondent reporting an aggregate ot of sales of tons while cincinnati estimates bales sales in that dla brict at tons southern buyers have also placed orders among them being one pipe works with tons in the east there haa has been a good ino movement one furnace company placing tons in one day but on th the whole tha the east being able better to draw on local furnaces audition audit and upon pon ajr wr v i finla has been less 11 urgent A num i her ber of the large sel sellera lerg have withdrawn entirely from the market and haver turned away a heavy tonnage export business has continued but it 1 remains to be seen whether home requirements will not divert the iron out of the export channels and thus afford relief our statistics show that coke and anthracite iron capacity expanded tons during Novem eber but that in spite hereof thereof stocks fell ott off tons bessemer pig now completely dominated by the valley producers has been advanced twenty five cents a too ton tor for the first quarter of 1899 under moderate sales the steel billet market has advanced to 16 at pittsburg and 1575 which was done at wheeling Is being withdrawn chicago reports sales aggregating 2500 tons As yet there are no indications that the great wire interest has entered the market the struggle in the steel rail trade between the east and west continues the lackawanna company of scranton pa has captured additional large orders and have now on their books an aggregate of tons from roads west of the allegheny mountains for delivery the starting tig of the second rail mill that ot of the north mill Is being considered I 1 A part of the famous Cool gardle order has at last been secured by american ican mills taking tons of steel platea plates for the pipes it Is understood that additional tonnage for the same work may bo be placed in a few days chicago notes sales of about tons taus and in the cast east some orders for boats to t 0 be built in atlantic atla coast yards have been placed wire rods have moved up quit quito sharply in sympathy with steel they sold as low as 20 a few weeks since but are now held at 2150 at mills in central west A stronger feeling la Is developing also in the different branch ers of the wire trade export inquiries continue heavy and some business in pig iron has been put through the bids for tons of rails for victoria australia are to iw be opened on the an inquiry is now in the market for tons of rails for asiatic russia delivery to extend over two years |