The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-06-03
ATTENTIONS Pension and

ENGLISH REPORTS ON AMERICAN IRON.

ENGLISH REPORTS ON AMERICAN IRON.
Il will Be remembered that some month:
since Mr.. !. Lothian BelI,Gn English iron
master and capitalist, visited this city, ano
some of his remarks were reported in the
Sentinel At a recent meeting OF the Iron
and Steel Institute of England, held al
Westminster. ne read paper III response TO
an invitation TO the committee OF the lnsti-
tute, extended al the meeting of the Iron
and Steel institution, held at Liege, in 1873
1'his paper contained some very interesting
and suggestive statements .aTG comparisons
relative 10 ihe system OF conducting mining
and manufacturing operations in Eng
land sEd the United States.
the labor n question. and the existing
causes OF and tendencies TO change in
the relations OF the two countries, which are
OF much valCe as indicating sac future OF
these invest nents, which have came TO be of
such vast iElpOrtsnce liz each. Touching
the labor question, he said il was smp0ssible
80 Tie L aited State iron making eenters to
lay down any general law of ths C5maod for
and consequent price OF labor. IL would be
reDera bersd. he said, that betwea-3 1871 and
1874 iron of slh kinds rose 10 an unusually
high pT1ce in England. Il therefore became
OF great interest 10 the British iroDmasters
To learn whether the unprecedented growth
in the American iron works WIS due
to the stimulus q excited mar
ksts in England, and whether
the increase would be actively employed
when iron fell in.value to the price which
experience had accustomed the world to
paw fef this commodity. lie referred 10 the
subject OF transport, observing that 10 the
manufseture OF an.article like iron, ESquir-
ing so large a weight OF raw materials, tbs
distances which separate the latter, The
means OF bringing taem together. - well as
the conveyance of tie product t. market,
constituted importanS subjects Ot investiga-
ticD- The vast area of the United States
placed at the disposal of its Inhabitants
enormous mineral wealth, but thu different
geological districts corresponding in AN
mensity WITH the country itself, rendered Il
necessary 70 carry the produce OF tue mines
over distances quite unknown to this
country.
CONDITION OF THE HJNfBER TRADE.
The Philadelphia Commercial List takes
very desponeing view of this trade, so far
as Pennsylvania is concerned. 1t says: At
no period for ten years past has the trade
been so demorslized as at the present time.
The receipts, although very moderate, ard
the stocks comparatively email, Yet are
largely in excess ofthe demand, and prices
of white pine boards are selling az figures
s6@7 lower than they were two years ago. A
corresponding decline is accepted tO-
al other descriptions. Tae build |
ing season has opened with q |
fair degree of activity, bit improved real
esta. is ruling low--in fact, the isvger class !
of houses are almost unstable The recsDt
complaints that the Philadelphia & Erie
Railroad Was bringing lumber frcm Saginaw
TO Philadelphia az l1Ter rates than the same
class of goods could be shipped from Will
liz nspoTt 20 Philadelphia has been
remedied, but without giving any Impetus
to the trade. Ffeights from the southern
ports rule urprecedently low, yet we hear
of flooring boards being sold ex-vessel from
our wbarves at about the same price that is
charged for them at the mills in the South.