Show IRON TRADE CONDITION cleveland ohio july 11 the iron trade levtow this week rays As has been the case several times in the past six intas sentiment in tho iron trade shows improvement where little or none is in evidence in actual market happenings the cutting down of pig iron production and the possibility that this movement may be carried to a point where reduction of stocks instead ot accumulation will quickly ensue are factors whose possibilities bili ties are having attention that the various pools have had their meetings and havo reaffirmed prices has constituted another favorable influence on sentiment even though tho general ex was that no change would ba made some may have beera exerted also by the encouraging view the speculative community has been disposed to take of business prospects a prominent factor no doubt being he well published estimates of the steel corporation earnings for the second quarter these being on a basis thought to foreshadow the payment of the full dividend on the preferred stock for that quarter it may be said also that the SL louis convention turned out better for the business interests of the country than might have been ej but when account Is taken of these influences practically all the improvement side of the weeks developments lias deen stated the attitude of buyers of iron and steel has not changed except that some pig iron in guiry may be attribute to the belief that concessions below tho low point recently reached are not likely the attitude 0 southern sellers has been a trifle firmer perhaps and while 9 no 2 iron has been sold there have been sales also and for fourth quarter delivery Is quoted the coal miners strike in alabama Is expected to extend through the month but apart from the tennessee companies shut down there has been no curtailment except for repairs and with the accumulated and shipments from vest virginia the fuel shortage will not be a problem for a time at least |