New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-22
AMERTCA,S IRON TRADE.
FyNfANCIPATED FROM ENGLISH CoNiHoh'
! PRICES ACTUALLY LOWER HERE THAN IN


EyGLAYD-THE TRIUMPH OF PRoThOrloN'
20 The Eduor OF The Trto"he
e,,. rf,eon wears aro the most ardent advocate Oh
n tariff for tho development ana prouo0''H %
manufacturing industries, or the most sansu.no
NJ tho iron trade, would not have ventuicu 10 pro
that the prico OF pig and bar IRON peioio iooO "O'
he lees upon the average, at our chioi 0ons"''"h
and distributing points east OF the missouri hINer
han II would be in England; but such is tho fact
today Pig iron equal 10 NO FOUNDRY, cahno' w
nnrcbascd I'm England for less than S1s per ION
freight insurance and other charges VIII make IT
cos4 400 so delivered In Ncw-YOrk I'm bond. NO.
American plg iron can be bought in NewYork. Philao
delr,hia Pttsburg Cincinnati, Louisville. Chattanooga
ST Louis birmingham, Chicago, Cleveland ana Detrpo
at an average price of $17 per ton. Registered DraS
of Staforlshlrc bar iron selling in England lor
SAT 80 per gross ton. or ~ IL per loo poui'N'
while bar iron OF equal quality can be purchased at
bo uons above named at an average price Of 81 90 per
100 pounds Steel rails can be purchased IN
NeYork for $50 so per ton the price free on board III
England is the same.
This marks era in the history Oh the ,ron lra4o
of this country which cannot be ou'or"'so "''r 49,
flying to all who appreciate It's impor 'ahoe' ~ '"'
Gates that at this early day tho MARKET prco Vi Ho"
in this country not influenced or governed by inc con-
ditlon of the English market. NO ro""a,, pcs ~
can be purchased in 81. Louis al @i' ~ pei
20, ybIo lad down there from England III
bond II Will cost not less than S23 per ION
II wa were dependent UPON England ior our s"ppi1
of Iron what would the price be IN st Lou'' 'ood'
september l, 1879, No. Shnhherito o0o'on PIE
iron was laid down In Toronto frco Vuu3 D. - poi
ION, Of all charges at s17 per ton INC Stock On mana
q, scotland was unpreceden eddy large Our harvest
nroved a bountiful Gle and the foreign demand Tor
~ srrr,us WAS very active TO move the crop to
,idewater our railway companies were compehed
10 put their lines in good repair Increase 'hcr ros
stock and in fact construct now INES vi FaAi"as'
Many of our blast furnaces hal been Dlowh out 40
meet the sudden demand for iron, large o'dets were
sent TO England not exceeding however. ohe-cighth
mart NJ orr consumption BY December l. inc price IN
England had advanced 100 per cent About June looo
orr furnaces had overtaken the demand and the bottom
had droppei out Of the English iron market oriers
were sent from this country to England toay lor on"
twenty-ffth part of our annual comsuhip'ioh' ,he
nrce there would advance 50 per ron lmhedla'ey'
competition among homo producers governs the price
NJ iron In this country We are independent OF all
thu Nations No other Nation consumes as much
ro, &C we do The time Is near at hand when no
other Nation Will produce as mucn as we shall HaV-
ing emancipated market from all OUTSIDE lhhnehco
or CONTROL we ready to enicr foreign marhe's ana
contend for SHARE of the iron uahe OF ue world
We owe the development OF the iron and steel IN
dustry in this country to the marvellous growth OF our
railway system. The farmer, lumberman, miner and
manufacturer follow In the footsteps OF The railway
hinder Cities and towns spring up along the lines
of railways not in advance OF them We are now
rcducin mig iron at the OF eight million tons
nor anDn al present prices worth III us crne stito
~ so 600 90 To manufacture IL we consume raw
material as follows;
600 600 tons Of In the mine at % cents 5000 Geo
600 600 OF coal in the mine at 70 Genus 9OO300V
5000 600 tons Of limestone in the mine at 2oc 100000
,ro,., ..................... 10000 600 |
ohor IN various forms $40 600
or ~ for raw material and s14 for labor |
Va baV an
bar iron and In greater variety than any other ehlG
iron r,rOluring Nation. Not only so, but We are in
crcasing the production, increasing INC consumption,
improving the quality, and steadily IcIncln6 INC pdo
regular and permanent access 10 the markets OF >ouh
America and We will supply mat country win inc /
iron and steel required 10 develop II, railway Sys-
tens and it, agricultural, mining ana manu- aCturlhS
ministries We can do IL without changing our fiscal
policy and without injury 70 the consumers OF ron
i'm this country We benefit our artisan class
largely by doing It Our artisans must bund the ships
TO carry the cargo we'll manufacture the cargo.
At the close of the century we shau have 2oo'po
niles Of railway this continent We have CON
structed 100000 mllos since 1860. How many miles
will Central aud south America require IN tho next
thirty yearsl Is $4,000 miles an Overestimatef A
singe-track railway fully equipped VIII consume iron
and steel IN various forms 10 the value OF sloOoo
per mile. On this basis. 10000 miles would require |
sjOO0OG 900 worth. Add 10 this the machinery for
the farmer. mmhcman and miner, and surely the iron
trade OF South America IS prize worth coniending |
for. The exports Of iron and steel in various forms
from England TO South America amount 10 S1OOOO.- |
600 annually. in thirty years, sGOOOOO.OOO worth, |
ba sed upon the present rate Of consumption. We |
have the material the capital the Skilled labor.
qulre direct rapid. regular and permanent access to
south American ports 10 secure the Hons share OF
the trade. FRANCIS WAfLAND GLEN.
Brooklyn, Nov. 16. 1850.