The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-06-29

$50, S31; barytes, q, 52s. s6S.S21; brcmile,
515,421, $134, 343; fourspar, 1000, $24, 900;
feldspar, 1890, S119, IT'S; manganese ore,
s,547, S7i. 76s: flint. IS, 800 $3.50, 400; mo-
nazite, 1,573, 900, $137, 400; graphite, $780,
AGO. bauxille, 1903. $4,000; sulphur,
1890, $40, 900; fuller's earth, $780, Sal, 400
marls, go, 000 100000: infusioral earth
1854. $20,514; millstoles, $22.542; chronic
iron ore, LAO, S16,795; cobalt oxide, H.
45S, S20,675; magnesite, 2,200 $4,000; as
bestos, 975. s13525; rufile. 100, $3.50.
The report, in summarizing condi-
tons, says: The general increase is
long step towards recovery from the
depression to which the mineral indus
try, like all others has been subjected.
The total value is slightly less than
the greatest we have ever known,
which was over S64S, 100000 in 1892 In
terms of quantities produced, instead
of value received, 1895 is greater. In
other words, prices are lower.
Considering the record of the total
values recorded in these reports since
1880, the increase from $3.50, 319 900 to
s611, 795, 290 is significant. and the aver
age for sixteen years gives a fair ap-
Proclamation to what our normal min
eral product should have been half way
between these dates, or in 1885, Com
pairing this computed normal product
with the actual products, the average
yearly gain due to the general growth
CT the industry should be about $25,-
100000, or the prospect for 1895 should
have been S670,000,000. The great pro-
ducts of 1892 and 1895 show the ease
with which the mines can respond to
any actual demand. 1t shows that the
capacity is significantly greater than
the ability to market the product. In
fact, it is difficult to confine the large
capacity to actual requirements With
very light encourag cement, the product
takes a phenomenal stride. In 1892 and
1895 the product most difficult to hold
IN check has been iron. This product
easily controls the variations in the
total value. either by the quantity pro-
duced or by the range in prices
While the coal production is SO great
as to make a significant factor in the
total value, it is much steadier in spite
of the extra demand for it in order to
produce any extra supply of iron. The
increased output of iron in 1895 was
necessary because of the great re-
trenchment in 1894 The railroads or
dered as little iron as possible in that
year, but ordered freely in 1895, to
take advantage of prices which were
still low, but advancing. This ad-
vance was the marked industrial fea-
tuI Z VI IitS year anu COu lIIuSu uH III
September. The prices Of steel rails
have not yet declined against The
United States shared in the general
increase in gold production, the in
crease being shown in nearly ali the
gold-producing states, but coming prin-
cipally from Cripple Greek and other
new camps in Colorado. The gain in
the quantity of petroleum, but espec-
tally the phenomenal increase in its
price, was one of the great features of
the year. The steady increase in gold
product since 1892 was kept up during
1895, increasing from 1,010,S16 ounces in
1894 TO 2,273,629 ounces in 1895, the val
uation of the latter being $49, 500, 000
Silver production fell to $4,000, 600
ounces from 49, sol ,122 ounces in 1894,
with coming values respectively of $780,
766.300 and $40 100000
Copper domestic ore production fol-
! lowed the upward tendency of the other
metal and increased over 10000, coo
pounds, or $5,500000.
The rapidly increasing product of
zinc, which was checked in 1898 and
1894, was resumed. The declining ten
| dency in iron and steel production in
1894 was changed in 1895 to one of the
most remarkable increases in the
production of pig iron in the history
of the industry of the United States.
1t rose from 6,657.SSS long tons in 1894
to 9,446,30S long tons in 1895, or nearly
AZ per cent.
This is the largest product ever at
tanned in this country, the nearest ap-
proach to it being 1890.
The value also increased from $9.76
to $11.13 per ton. Iron ore production
increased over 81 per cent, and with
but six exceptions all of the iron ore
producing states participated in this
advance.
The total production of coal Of all
kinds increased 22,376,004 long tons. or
25,O61, 124 short tons, or Is per cent
| The value of the product increased
81, ,479, about 6 per cent. The year
was marked by a production consider
ably in excess of the market demands
and values were much reduced in con-
! sequence. Anthracite decreased Is
cents per long ton at the mines, and
| bituminous cents. This decline in
value was general throughout the
| United States. there being but three
| or four comparatively unimportant
states whose value was larger in pro.
portion in 1925 than in 1894.
| Petroleum production showed q
I Indiana and California; and the years
| other features are decreased in stocks
rise in prices and extensions south
ward OF profitable producing districts
/ in the Appachian range.
The total coke product in 1895 was
! largest and the previous year the
( smallest in recent years. This huc.
/ tuation is caused by the rise and de-
cline Of the pig iron products. in the
manufacture Of which almost tn;
entire coke output is consumed.