The New York herald., 1845-06-20

also possess immense tracts Of iron ore but
on OF them at present useless on account of the
ahce from facilities for transportation to the seabosrd
nc IRON district Of New York comprises the northern
"ei OF counties, and the ore has proved equal to
"y YET discovered There are already about one hun
eu and hity furnaces forges bloomeres and rolling
,4s erected in st. Lawrence, Clinton, Franklin and
counties, and the State has recently established
lon IN that section, where five hundred convcts are
De employed in the mining and manufacturing of iron
Inc mineral wealth Of this region is immense and the
contemplated improvements in that section IL carried
out VIII rapidly develope it, Capital is seeking that
uoh or employment in the iron business antici
pate VIII soon be the second iron manufacturing dis
ct IN the country. The immense consumption of this
article in all parts Of the world must give the manufac
turers active employment for many years to come to
Keep up the supplies The demand for railroad iron alone
VIII be sufficient to employ the manufacturers that ar
uce, and keep prices up to remunerating point. A.
present the wants for consumption exceed the supply
and this state things must continue long as the ma
MIA for railroad speculation RACES extensively as at this
moment The iron manufacturers Of Europe cannot SUP
ply the wants for railroad iron that section of the world
ana the increase in railroad companies this country Ia
greater than the supply Of iron for rails will permit IN
1874 the consumption of iron in England rsachoa
i2ooo 600 tons, which full much as ,h n,an,c.
'urers could turn out It is estimated ,ho,
."e make" Of iron last wear was ON ooo
'ons' ana that tie make OF ls45 NAV by eyer
s 'Ao part the mon masters reach $50 900 tons
CO. last year is estimated at 4s0 600 tons
Gs.,s s,,.. home market, and 46o 900 exported and
- - ~ snow making took the same last year as
IN Inc es'ma for th new RAILWAYS lso ooo, 100 ooo
'o"' p citing increase OF 40 900 in the export the
:, on of lS46 is estimated at ll30OOO Two
miles Of new railway (proposedJ it is estima.
Irc7uire 676 tons for every mile, or $40 900 tons
which il is thought viii be wanted in isa5 and
in is46, increasing the estimated consumption of
10 - TO ], 800, 900 TONS
The estimate then stands s-lsls, 900 tons ls46
100000 tons ls47 9so 900 tons which we may add
perhaps some $4,000 or $4,000 tons considering all this
railway c for increase in ordinary consumption and
exports but this quantity be supplied so fast We
may estimate upposng that there are 200 900 tons pre
sent stock) stock 200O 900 TONS make for Is45
or 2OOO tons short Of the demand. Demand for 1876
l92ocoo tons supply increased 800 OOO or 400 900
tons snort Demand for 1s47, 100000 tons supply
Iooocoo leaving 100000 tons stock supplabe for ls4s
l,5oo,0oO tons; demand say lO3O0O0 tons We be
heve, however, that there is a very large over
estimate made Of the quantty likely to be reonred for
new railways Many of the projects now announced
VIII either be completed in part only or laid aside alto
ge'ner while others having the best support and the
pest localities must be much slower in their
than the most moderate OF those engaged in thoo ,a
imagine
me production Of ron in Pennsylvania in 1874 was
about 100000 tons, and it is estimated that this year 1;
VIII amount to about $4,000 to 100000 tons II a.o
from good data that the total production of iron
IN the United States this year, will not fall short 81
1ooooo tons and that the consumption will amount 10
about 500 GOO tons leaving deficiency to be supplied
by importaton bout o 900 tons.
a"ne@ lung the quantity and value
OF iron ana ste knds imported into the United
States for the last sxt' sen wears