New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-11-18
THE ZION INDUSTRY.
HOW SOUTHERN COMPETITION AFFECTS PENNsYL-
vANIA PsICEs-FEw ANTHRACITE FURNACES
PAYING EXPENSES.

HOW SOUTHERN COMPETITION AFFECTS rENNsYL-
yANIA PRICrs-FEw ANTHRACITE FURNACES
PAYING EXPENSES.
FROM AN OCCAsiONAL CORRESPONDENT OF THE TRihuNkl
PHILADELPHIA, Nov. 17.-The dispatch sent
ont from this city the other day stating
that Southern iron is sold here in largo guam
titles ri prices below those Of Pennsylvania manu-
facturers recorded in detail fact which not by any
means new The competition has existed and has been
known by PENNSYLVANIA makers TO exist for two years
al least but pcrhals has not been so severely felt nth
eto ~ AT present The increase in production I'm South
ern states has been rapid bu In the aggregate not large
neoase Southern makers have AL the time been able o
sr GOOD iron M price below that current I'm Northern
markets thclt Increasing product has mainly gone into
conernp,ion gradually 49, placing tho product Of SOME
rsq ad, antar,o lsls located Northern furnaces. But
yte thls is rrc y would be mistake rs ignore the
met that t airtt causc o drpirss IN Icnney ANA
&c to ht found ~ the enormous ihcitase
81 production thfohehuut tle state ~
toTo itnnstitdnh ttUirttd i,3iaB13 turs ~
no libH W iseii GU IeB ~ 1895 2.itas1B nhp n
iee8 spso 5d tBns ihhs We fibirrtlbh i'st'itais
AHNiri ~ ~ ntt triie Hti tir fit, sf.'ht ~ W.
Hn,ni 10 ihai q iariif Ntifsaei Hiitf the htelNe ~
u,lpa hpEaN iha irr'la5~ ~ alNN' ianhnH 'ena i'bN
ieo ~ 900 iA ifHHal ANA dNNr 10 lH w. tNNia'NH
Win au n,e,nase ~ pu ahnN 5uiilh aNs va hp ppiH
puu- snutholu stalps. iu Alabama Virginia ieNnas
roe am Nrst NrEuia 'he pmdurlpH NJ pls ilnn was
I37lgi tuus n 1875 had Ison 20 3ihhnf tlne ln lh7l
aud Increased ~ bi17oJ tuns IA 1885 Thus he Increase
during The last two years only 2lgoO0 TONS Wln Ia
rounsj iyania alone II WAS 4is,0 600.
~ about the lst OF January 1882 that the Iicn ~
pig iron began definitely to decline, aud tho supply az
poarcd exceed the demand FROM HAT tiuo 10 this,
No. Anthracite pig has fallen from $50 10 rlO, about
~ per cent and Groy Forge from va 10 FiO 90 de
cline OF ~ per cent These Philadelphia prices.
But meanwhile, the decline IN old iron rails. largely used
IN place of iron. from $50 30 SIS 10 per cent.
Ia the same market the decline In best refined bar iron
was from 20 cents 10 ~ cents - per The do
cline I'm Bcsfomor rails was FROM So to sos 81 per
cent The decline ia nails at rtsburg FROM $3.50
cents or per cent Thus IL appears that The price
Of pig iron and especially of No Anthracite. has de-
clinod much less at Philadelphia than the price Of the
principa products. and II may bo noted thai ~ Puts
burg where the competition Of southern itoh j. scarcely
fni tLe decline In Grey Forge during The same time has
been from so 10 sIO Or 80 per cent 49,,
Ir,ul these facts ii appcats that IN" PcnnrJNHula
makers while expanding production a47OoO tons have
boen able 10 maintain the price OF pig iron more nearly vt
the former level than The prices Of products "i iron had
been maintained and 10 maintain The prices oi PIX iron
better In Eastern than ~ Western IcLnr wanna Ia spite
smaller expansion ut The south ni the same tlnr
The fact that great many Of The anthracite Ihinh'rh
have of Ol Ia blast AT the ehd OF 1897
only eigy-st Ia blast October l-ppycs tAi even
the present prices patatvcly Tow OF tho ahthia
cite furnaces pay expenses. This IN the especial
branch OF the iron Industry practically confined Ia NOW
York, NewJersey and Pennsl lvania-which democrats