New-York tribune., 1899-07-31
THE ADVANCE IN IRON.
THE PRESENT GENERAL CONDITIONS AND
FUTURE OUTLOOK


At recent meeting of commercial men held IN
g. Louis an interesting discussion occurred IN
which W. F.. Barns said:
In the discussion which has taken place there
has been some reference made. In genera way
10 the advance in the price of iron. to which
would ike 70 cali your attention for few moments
81 specific and accurate way AS propaplS an = "a
until December 1898 was IN greatly depressed
condition SO far as prices are concerned. Inc
product in Alabama amounting TO little less than
q million tors was selling basis OF about 81
for No foundry; almost the entfe outPut aS We
sold in the Northern markets, and an export trace
had been built up amounting TO about ~ per cent
Prices began 10 advance last December. and there
was steady Increase in value in January ana eo-
yusry In the latter part Of February inns C,,
which resulted In rapid advances from month 10
month The same grade OF iron mat was sem seliii.S IS
now quoted at H4 80 to s15 with no stocks on
hand and the order books filled one large Sr cIni
Tor nearly 10000 TONS with considerably less tnan
600 tons of stock on hand the Qenano s a. Pr parIv
delivery a premium must be paid In addltion 70 tIe
regular price 1t should be remembered that IN tns
with a great deal more accuracy and "ronptness
than in any other line In the co1nrng; ~ Of fUT
races that are in blast what they made the kind ol
iue used and the stocks In me LaiRv ,i stacks 81
pig iron for sale in the United States amounted 10
less than six days consumption IN TINS frteen
million tons per year which is more than any Qner .
country in ne world makes ana Is Sben be rail-
roads OF the United States were increasing tneiI M
mileage the rate OF thirteen thouSano tb me- eoia
force 10 fbe Bessemer market and to the iron made
The price ~ Ressener at Pttsburg has increased
from so 30 20 81 60 IL is wei 70 note IA ri
mat the consumption of iron in Germanyd in
crease The prices for Bessemer iron IN the ,n c1un
iries named do not vary naera&y NJ itoi ,n I a narfs
quoted in this country, showing tnat III az ed
OF the civilized world there is an uhpfeceuei'eu
demand for iron products -, ...,,e, from zoo -
% to 7OOOOO tons are regularly carried IN , tne
warrant yards and where Il is the custom 10
Warrants rather than the iron itself prices nav m =
advanced since July ] all the way from = 10 10 I.
shnngs per ton Ks In this country. quotations o. Is
are made for the days acceptance and inc mar
II IS evident 10 any one who has given the IN mat az
Ter any study that In the future the United siaes
YIN cut a very much larger figure in the suPpS PpS % Is
Iron 10 the world Than IN iiine pas,d prsde ores upon
Spain The mineral lands in Spain belong to me
Vrown and as a consequence OF the loss VI - - a.. &c
and her other dependencies 1t has peen ay
70 raise revenue by other means. Inc TOY ~
spanish ores have been increased 70 degree wLicn
.es compelled the most earnest remonsrar,o r iron
Me part OF the furnace men Ia England. ne ~. ~.
ores Of the United States are not only hDuhuaiif
put Of exceedingly high metallic chafacter ,be 30
birmingham (Aia) district for less money na, thnLi
anywhere else in the world Al me iIaestnne
Needed In the production Of pig iron-ore limestone
ARE 10 be found within a radius Of ten miles poo
In the Lake Superior region the high grade Bes
ctureTs Of steel PRODUCTS in This country to export
snem 10 all parts Of the globe III shoulu no fnr
PIC iron Snd otber proSucts are now from IS IS
hlgher than IN 1892 The manufacturers a OF H%n bn
cause Of the unprecedented demand. The price od
i!!er plate has increased 100 per cent VIZ iron
srd,w iew months This Is equally Irge within the
e.. TWO years wire nails were seIihg on , a neiI
cannot os ~ per Reg at JSet fI M les anh han s. 70 copper
ana TN have also been advanced, ana you "'e -"