Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-09-21
PRICES REACH
DANGER POINT.
Doubling Of Figures viii Adverse
" Affect Consumption.
SHORTAGE OF IRON ORE.
Mines Have Not HAD share OF Pros
pcrity itow Railways are
pronting on Rails.

Sew York sept 2l=speaklng Of tho
condition of the Iron and metal trades,
the Iron Age win today say.
Tho feeling is growing among large
interests that prices have nf,n CLOSE
to the danger point %, iu fact they
have not gone beyond TO- Much has
been made uf thg faut that demand op.
plrcnuy continues uuHbatsd. that
heavy prywums ARE being paid flr
prompt delivery lu nearly an lines aud
that very 1reo sales OF plE iron have
h,sn made f0r next year. All thIa he
true. uru % be- certain. Too. that We arc
TO have uu active winter. bUouuse tho
orders uu band now make that certain.
nut consumers are Htiu running very
Idfggl} on relatively cheap material,
anu 10 oven aI per cent ut the tonnage
iNr next year were taken ut present
lEure, Che odd i've uor cent would
force decline Co r. more conservative
hlrIa. Tile supply lH increasing Iu two
Wu}. The production % metal nul tho
marketing uf old material a. Increasing.
uui The greater part uf the export
trade. equivalent 90 about 900 900 toms.
ia being cut IN ana the material al.
vcrtHi 90 our own market
on the other hand u a. too much Co
ONuyct that the doubling of prices will
not adversely nncCt consumption. even
u 10 be- true that a prosperous man can
better AFFORD 60 pay double prices now
than q poor one could buy anything
at any price a year lEu. In fact. it 10
q very interesting question whether toe
ward sprlug temporary decline in
consumption might not prove very wvl-
come, Even now long headed pig
makers ln tho central WrHt arc cone
tracing Tor the shipment by rail- ~ iron
ore from Lake superior rIuE,n b.Uau"o
there b. sorlIus danger Uf shortage bee
fore tho 1900 season opens. 10 iH THE
which puts pressure ou the ucHsomcr
pig market.
Much il made II the argument that
costs have Increased largely and 0re
bound 60 advance further As come
pared with the advance IN price thlH
addition in Cust o. relatively small for
tho southern pir Iron makers. "a ntrung
point iu their favor
For tho central west r. good deal
hluHU~ on the lake ore situation. The
ore mines have not had even "a modest
share Of this yvbr's great prosperity.
They viii demand and got something
next year. ana even now an advance ~
81 "a ton u spoken OF nH maximum On
the price Of ore. with fully 30 cents nd
ditl1uui 90 the freight rntu. A. Tor coke,
nothing can be- said. since the policy NJ
the producers hus not been uuUlnydi
| sac at the oven IL regarded aa q puasi-
| hnlty. while the price may be 81 or
more ThcHe additions 60 cost would
| only apply 10 those who do not control
/ their own mat'rinls and they are tho
minority counting tonnage. The great
/ producers would only be partially af-
| frotcd
Under the circumstances everything
! which tcuda Ia throw light upon tho Hlt-
| untion 90 FAR 40 the finishing goods arc
| concerned deasryca tho closest att~n-
! ton. In this regard the rail situation
| o. especially interesting We under
/ stand that tho salca Tor next yoaro do
| livery by western ana eastern mills tg-
/ urc NJ close 60 100000 tons The west
| orn mills started taking urdorn az $50,
| and have now advanced their prices "a
/ i33, while tho eastern milis began with
/ t2s and are now demanding the same
/ figure. We do not hear uf any oppu-
/ elton 90 these figures which would
| compensate the rail mills Tor this years
| poor work, when the bulk 81 the orders
/ were taken ut the range of $40 to $50, nt
| mill The railroads this year certainly
| ala we'll We know OF inotancya where
| the roads are getting more money on
/ the track Tor the old ralla which they
| nrc taking up now than the new rllla
| cost them which they are laying down.