The Providence news. (Providence [R.I.]) 1891-1906, 1899-07-12

Williams forward at once as man OF
marvellous promise and resources. He
MAS already president OF the Georgia q
Aiapaiha =, rallroad, which Is now part
1 need not tell New England readers
that n enters upon It's new career at a
time before unmatched in the South or IN
this country for propitious result II will
absorb It's share OF the coal and iron
product Of Alabama. and will be in touch
at Its Norfolk terminus with the coal
fields OF the Pocahontas region. Its face
Is toward the morning in whatever direc-
tion it may look. III straws show which
hnanc!ers. vino 10 not let go their money
until the time is ripe, prefer to take the
course OF iron as their weather vane. The
.st test OF real industrial progress and prom
ise Is for the most part involved Ia the
demand for and price OF iron. The pres
ent condition OF the iron trade is one OF
unprecedented promise. The situation iss
Engineering Review in its issue OF Juno
10. Says the Review
Each week develops some new feature
IN the iron and steel markets. Consider
able excitement txists over the advances
In progress. and the increasing evidences
OF a deficiency later in the year. struc-
tural material has advanced about s. per
ton over old quotations. Plates are the
subject or special agreement in each sale.
NILS have been booking very little pla 70
business or late. Enormous bridge build
ing requirements are just now presented
and much more business Is bound TO come
forward: Railroad managers are hesltat-
ing In the placing OF large orders except
for rails. which are exceptionally low. TO
all appearances prices OF all kinds Of
material viii continue 10 advance until
that critical point arrives where the In
creaeing capacity will be able TO make de-
nveries In general way, production is
spoken or as being engaged three TO four
months ahead. though In many instances
material Is now contracted for which will
not be delivered until six TO nine
months"
The recent movement OF iron from the
far exceeded expectations. Shipments are
beihg made for Liverpool. Copenhagen,
Manchester, Hamburg. Geneva besides
other places In all parts OF Europe. The
development or great enterprises at home
and especially abroad is going forward
by leaps and bounds. as Is evidenced by
an insufficient supply OF crude iron in all
markets. The production OF L. 900, 900 tons
per annum Is being absorbed. In addition
70 that stacks 20 the extent of $50 900
leaving. during the latter days OF May.
but one weeks sunply to fall back upon
Every day furnishes some proof that the
trade is merely making stop at a sta
tion on the way TO higher prices. Just
now no other conclusion Is warrantable
than that the consumers OF mill and fur
mace products are and will be for some
time obliged TO seek producers. We are
shipping steel rails TO Vladlvostock for
the construction OF tho Trans-Sberia
Bombay, 10 Ireland for the use OF the
Great Southern and Western railway OF
ireland, the first shipment OF this kind
ever sent 10 that country from the United
states; 10 Barbadoes; also GOO tons OF steel
plates were last year shipped TO Belfast.
Ireland, said TO have been the first OF this
nature ever shipped from the United
States.