Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1845-06-21
NATIONAL INTELLIGENCER.
THE IRON TRADE OF THE UNITED STATES
IT'S FAVORABLE PROSPECTS.

columns of the Albany Argus of the | / tn instant
''This 1.-THE iron uade] in condition SO pros
porous The demand for iron Ear larger than be sup
Piled and the prices remuneate the manufacturers better than
at any time within the last fifteen years. There is large
demand not only for railway ron but for all kinds of iro
from pig to bar and bolt and sheet iron The
ivty in building is felt throughout all the qualifications Of the
iron trade
In consequence Of this demand and the value Of the
capital very heavily taking that direction. We under
stand that forty furnaces erecting have been
recently erected, in Pennsylvania alone The product Of
each furnace may be fairly estimated 200 per
num- When these are all blast their whole product will
be 200 900 tons ron which will probably be brought into
market by the year 1896 The present production Of Penn
syvana $50 900 So her production of iron
will be nearly doubled in year This is in
crease, vet the demand great that there probability
that it will overstock the market.
sThe expense erecting furnace and putting in opc-
ration with all its fixtures will exceed $780, 0O0 It's pro-
duct of 5000 tons will sell for least $50 per ton at the fur
The whole cost Of manufacture will in ordinary
exceed S20 per Thus under the present prices
there profit of dollars each Of iron manufac
ured in Pennsylvania This aggregate Of 300, 600
tons the product of Is45 makes profit Of three millions of
dollars From information acquired from iron-masters, we
consider the profit of $40 per ton, at present prices rather
less than the actual result
Pennsylvania the great region Of the United States
It's extraordinary and truly valuable varieties of COAL which
frequently lay side by side with the ORE render it the
region only Of the United States but Of the world OF
the 500 600 tons of consumed in the United States
the year 1884, Pennsylvania furnished oneha of the whole
amount The remainder from abroad made in
New Jersey, Maryland, and New York.
Iron will be the Of incalcuable wealth to
Pennsylvania. The manufacture yet in its infancy
In the year 1874 the consumption of England 900
That of the United States will soon reach that
amount This will give idea of the wealth vast
demand for iron would throw into Pennsylvania. The
papers of that Commonwealth constantly aludng to the
extraordinary prosperity which pevades their State They
have for these gratuaons Probably in year in
her past history has the business of her citizens SO pro-
ftable The tpes of 1885 and 1886 would compare
with the present year. Prices then from expansion
of the currency from the great and safe law Of demand
New Jersey also well adapted the iron manufacture
from abundance of the finest qualities of ORE and in its
proximity to the valuable coalbeds of Pennsylvania We
understand that FORCES and furnaces going up in all
parts Of New Jersey, particularly the line of the Morris
Canal The present profit invites capital extensively
from the city of New York
Maryland in the region Of the Cumberland COAL has ex
ensve iron works The Mount Saroge Company have the
largest capital Of any iron association in America The
amount invested 81. 500 ooO with power increase
to S., 000, 600 The stock is owned mostly in London
Here railroad iron made large SCALE calculating
turn out least twenty thousand in year There are
opinions the value Of the Maryland beds OF ore
and coal. BY is thought that cheaper well as
better quality Of iron be made in the Cumberland region
than any part of the United States while others hold
that Pennsylvania the varieties Of and coal as well
their favorable location, has the superiority.
"We to northern New York, where the iron
manufacture destined of prosperity inferior
that section Of Americs
this State embraces the counties Of Clinton Eser Frank
I'm, 81. Laurence, .erson, Le,cis, and Herkime. Geoo-
gsts say that there enough in Essex county alone
supply the world with iron. The famous Adirondack noun
tains much like the celebrated Iron Mountain Of Mis-
sour yet there Of getting ore to the
lake. the mines not yet worked but they be before
the lapse Of many years.
The present prosperity Of the iron trade is working won
des northern New York FORCES furnaces are being
erected at almost every mill site the Ausabe the Sara
nae and is estimated that the quantity Of iron made in
northern New York win be be6d this year. The Northern
iron is well known be OF superior cast Every tough) and
nearly equal the celebrated swedes IRON Charcoal only
Is used which makes much finer than hard coal hut Of
the process is expensive. Whether northern
New York will manufacture railway iron question
that requires mineral COAL and yet found there
fortunately, in its and nexhause Of wood
they Of abundance Of fuel for making the finest
kind Of iron.
'sThe establishment Of State prison Clinton county, 10
employ convcs in mining and the manufacture ron must
exert uncomfortable influence the extension Of the iron
trade in that region. The large capital Of the State will en-
able adopt all the latest and valuable improvements
machinery used in the great iron works Eng
land. This example gradual influence on the
iron manufacturers northern New York Attention needs
only be fully called to the mineral that
will make those counties of the weahest in the State
Iron also manufactured extent in Orange and Rock
land counties and largely in Rensselaer, county, we'll
known Albany and Troy iron and nail works.
Notwithstanding the decline of England the
prospects Of the trade Of the United than
favorable. Their prosperity fixed for years
The demand for iron in Great Britain and truth upon the
whole continent tina, will absorb the whole
production Of Europe fr the home market II is supposed
that the vast iron works Of England which pro-
duce, when forced 400 900 TONS the home con-
sumption during the present the year SO far from
regarding the decline in the iron market
consider IL highly favorable the Of the trade
Prices had become too hgheIorbitantly son England
higher than the inflated prices Of So result pecu-
ary dangerous to its future prosperity had already occurred
consumption seriously checked Sound railway enter
pes were suspended the cxoitant price Of
ron Notwithstanding the large decline we are assured y
an experienced ronmase that present prices the profits are
not only fair but heavy and this TO be the prospects Of
the trade for time to come
=" also to be remembered that the Emperor Of Russia
-