davidaulloa/AmericanStories huggingface dataset:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
MICSELLANEOU

SEED MARKETS-Chicago Feb 2S.-The
aSsfea mar market was as dull but not weak
and q at Minneapolis. Cash flax at
s1.19A and May at 81 Lisa per bu. Cash
timothy seed closed at $252k per 100 lbs
seed quoted at $1.14A per bu.
BUTTER AND EGGS-New York, Feb. 23.
-Butter-Receipts, 10,1ss packages; steady;
tory, 12@14c Eggs-Receipts, 6,977 packages;
firm and excited; Western, &c. Southern,
2Sk@2sc.
Chicago. Feb 23-Butter dull and easy:
creameries, 14dD21c diaries, 111aG17c. Eggs
firm and active with prices 5l6c higher,
selling as high as CSC dozen, chiefly at IS
@36c.
NEW YORK COTToN-New York, Feb 49,
The cotton market opened disappoirtingly.
While business was closed yesterday the
Liverpool market advanced 1-64d but showed
sales of only 5000 bales spot cotton. Pri-
vate advicos from Liverpool stated that the
low grades of American cotton were so poor
they were being replaced by Egyptian sup
plies at good advantage and instances were
| cited where 200 900 bales American cotton
| had been sold for this purpose. Today's
opening cables from the English market
added ~ -64d to yesterdays advance and
showed improved spot sales. Yet our mar
ket after opening 4 points up for March,
showed a weaker feeling the CALL which
only averaged an advance 1@2 points Later
cables reduced the Liverpool advance and
net decline Of 1@2 points apparent at
II o'clock. The easier feeling of the mar
ket after the call brought in some realizing
orders AS rule, however the long inter-
est was not disposed to sell out. Cold wave
reports also checked selling. Futures closed
barely steady: February and March, 621c;
April, 6.20c; May, 6.22c June, zoe; July,
6.21c; August 6.23c; September. 612o: No
vember, 6.11c; December, 6.13c; January,
else.
NEW YORK MBTALS-New York Feb 2s.
The general market for metals about held
it's own, being little slow to recover from
the holiday of yesterday. Prices changed in
only few instances, according to the quo
tations of the New York metal exchange.
tin being strong and scarce, furnishing enc
exception, and quoted at $24 rs, against s24 .25
Tuesday, while on the other hand, spelter
was firm at Sc 80, this being 10 points below
the quotation of Tuesday. Otherwise there
was no change in the official quotation list.
Pig iron warrants closed strong at 50 .25,
which was, however, nominal figure Lake
copper was quiet and unchanged at II 100
1sc, and lead quiet at 81. 40@4.4 21k The brok-
ers' price for lead was 420 and for copper
18c.
NEW YORK COFFEE+New York. Feb. a.
Coffee options opened steady at unchanged
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

prices to points lower; ruled active but
generally weak, following Hamburg decline,
European selling, record breaking American
visible, smaller warehouse deliveries and in
difference of spot buyers. Closed steady at
unchanged to 10 points lower as compared
with Tuesdays close. Sales, $500 bags,
including March, 1905. S5c; May, 5.5OQ5 Sc !;
June, 5.6eQ5. Is; August, 5.75; September
1905 80; October, $50; November, 5.S5
g5.SOc; December. &c. Spot coffee, Rio, dull !;
No. Z, invoice, SIC; No. Z, jobbing, 7c
Mild quiet Cordova, SQ13c Sugar-Raw
strong; fair refining, SIC; centrifugal, &C.
test 4%c. Molasses sugar, 3-16c refined
firm.
NEW YORK DRY GooDs-New York,
Feb. 23.-The market oDened after the holi-
day with a good demand for all the descrip-
tons Of cottons, both plain and fancy, and
sales reached considerable total Flu N1er
advances were reported in fine bleached cot
tons, wide sheetings and i'll prints. The high
er prices do net check buying, and some
large operators have boon bidding for round
lots. Print cloths strong at 2a4c for regular
2S-nch goods. Demand for mems wear woe
ems cuiet and tone of market is uncertain.
Staple dress goods firm.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
DR.. TELLER,
1870 &. Seventh ST.,
ST. PAUL, MINR.
ST. PAUL, MINN.

speedily cures all private, nervous, chronic
and blood and skin diseases of both sexes
from business. NO CURE, no PAY. Pri-
waite diseases and all old. lingering cases.
whsre the blood has become poisoned, caus-
ing ulcers, blotches. sore throat and mouth.
pains in the head and bones. and all diseases
OF the kidneys and bladder, cured for
life. Men of all ages who are suffering from
the result of youthful indiscretion or ex-
cesses of mature years, producing nervous
ness, Indigestion, constipation, loss of mem
DRY. ETC., are thoroughly and permanently
cured.
DR.. Feller, who has had many years of ex-
perisnce in this speciality, is a graduate from
one OF the leading medical colleges of the
country. He has never failed in curing any
cases that he has undertaken. Cases and
correspondence sacredy confidential Call or
write for list of questions. Medicines sent
by mail and express everywhere, free from
risk and exposure.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
NAY CLOSED lIlGnER

CHICAGO. Feb. 2s-Wheat was very. firm
today until within fifteen minutes OF s .de
close CT Ike session, when &c ADVANCE SUI
denly disappeared on realizing BY longs s anu
May eft eff only 1sc higher than yesterday,
Corn and cats gained Ac each PORK ana
laid improved 1ec each and ribs 5gi1sc.
Owing to a little furry in the Marcn de-
livery at New York. on advance OF ssd at
l.ivcrpccl before trading commenced mere
wheat started firm. May cpered so '4c hl5n-
or al 1914 1859. ard under the buylhg SPilis
IRA, troE possess on CT tie crowd touched
73Is,. bcfcr re a reaction set In. The crop
situation here was decidedly more laVoraDe
IS ruie. here beng little aadltohal IN .ne
way of damage reports and most OF ~. the
damage previously reported was contradlcteu'
while the Price Current in its weekly sum
mary. stated that conditions were II any
thing better than usual at this season or
the year This encouraged considerable SEX
ing for the snort account. ana May sank
Slowly 10 13hc. ,
graded contract. Minneapolis and Duluth re-
ce!pts amounted 10 COS carloads. is Gem
paled with 264 Cor the o. rssrondlng day a
vesr ago. Atlantic Io.t clearancss of wheat
ard flour eQua!ed rs 600 bu. This started
the crowd buying. and as there was an un-
dertone OF apprehension concerning the cold
wave watch ii was predicted was approaching
Mag rose gradually to &c. The market held
strong until within ten minutes Of the close
Of the session. when severa! OF the heavier
local longs scld out, causing the loss OF all
previous gain and May slid of TO 73i4c sellers
at he c-osc
4 reduction in the country being offered
from the country strengthened corn. Com
mission houses and elevator concerns bought
heal lily, and the price was bid IN sharply.
Neer the end, however. when wheat started
TO decline cora began to shrink, and the
early gain was nearly all lost. May opened
n sha5o higher at 3534 9357sc. advanced 10
96A G35%sc, then weakened to 35c buyers, at
the c-ose.
Small offerings and good cash demand
helped cats. Receipts were 1923 cars, May be
Kan a shade higher, at Z77sG2734c, rose 10 2Sc
ard closed at 277sc sellers.
A coed short demand, and a light run OF
hogs strengthened provisions Longs were
disposed TO take profits at the Improvement,
but with the exception of an earl dip, the
market ruled strong and closed near the
hlgh point for the day. The destruction of
the Swift warehouse at the yard as the
building he,d no regular product, had very
little effect en- the buying. May pork opened
7l4dl0c higher at s96212G9.65 rose to S9.67i2;
declined 10 $751;. then recovered to 1855.
at the close. May lard started 5g712c higher,
AZ S. 4065.4219, touched S5.371a, then rose to
So. sellers the closing price. May ribs
began SC up at S4.S212, sold at $3.50; improved
10 $4s5 and closed at $l.92l2q4.S5 buyers.
Estimated receipts for Friday; Wheat 80
cars; corn, 630 cars: oats. $50 cars; hogs,
2l.OQ0 head
The leading futures ranged az follows:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
SAMPLE SALES
STATE GRAIN INSPECTION.

OTHER GRAINS-No. corn, 40 cars; No.
corn, cars; no grade corn, II cares; No 3
oats oats ears ears: No. oats; 50 ears; grade
5 cars; No fax, cars; rejected fay /
car; no grade fax, cars.
CARS INSPECTED OUT-Wheat, No. 1
northern, Is cars: No northern, cars: No
3, car; rejected, cars; no grade, cars:
No. corn, II cars; no grade corn, / car: No
5 oats, 81 cars; No. 3 barley, car; No. 4
RECEIPTS-Wheat, 493 cars. Se9,75o bu;
corn, 80, 4S0 bu; oats, 40 bu; barley. 1926
bu; rye, 1880 blu; fiaxpeed Ia, 120 bu; fuel oil
2o,eOo lbs flour, 4.026 bills; mils;uffs Is tons;
d hay: Sc tons; fruit 1920 lbs; merchandise
cars machinery, 47oss8 lbs; coal, i,s55 tons;
Is cars; salt, 2 cars; dressed meats GO Goa
lbs; railroad materials, 9 cars; sundries "a
cars car lots, 1,129.
SUPERINTENDENT, "a cars. 41,O4o bu;
corn 49, So bu oats, $3.50 bu; barley, 1850
bu; rye, 4,040 bu; -four, 45,7l7 bbls: mil
stuffs, 1872 tons; fruit. 72,5s2 lbs: mer-
ehandise, 1893. 1852 lbs; lumber, 10S cars: ma
chinery, 44S,550 lbs; wood, 81 cords: brick
2G,0C9; live stock, cars; ,inseed OIL 2717O lbs
railroad materials. l car; sundries, ii cars
car los. 765.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
ST. PAIL I

Quotations on grain. hay feed, ETC.. fur
chants:
WHEAT-No. l northern, 70s4QH1kc; No. 2
northern 1aQ6912c.--CORN-No. 3 yellow,
white 2s@2slsc; No. 8, 2S4 Xc-BAR.
LEY AND RYE-Sample barley, 39@4Sc No.
2 rye. 621k@5Sc; No. 3, 5l@52c. SEEDS
No. flax, S1.15Q116; timothy seed, 9OcG1S1. 25
red clover 1904. 25.-FLOUR-Paten per
Dbl. s3.65@3.SO rye flour, 81 6092. So
GROUND FEED : S13 25@13 COARSE
CORNMEAL : 81. 25G12. 5O-BRAN : Sl1@
L: 25.-SHORTS-In bulk, sl1@11. 25.-HAY
Market holding steady; choice Iowa and
MINES, ia upland s6.75@7 No. upland,
50 5oG4.5o; fancy tAI0ky, s7@7.5o; mixed, 81
.5o.-STRAW-Rye. $S.50Q375; oat, $40
$50.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

Cash quotations were as follows: Flour
moderate demand and steady. No. spring
wheat G9GuIkc No. 3 spring whelt 65D71c;
No. red. 721a@7S1kc; No. corn. S47s@S51ac;
No yellow corn. 35G35l2c; No. cats, 27iAc;
M. white, 3Gd3012c; No. white 29l2q3J c;
No rye 56l2c; sample barley, 42G52c; No.
fay seed, $116; Northwestern, $.19la prime
timothy seed, $247l2. Glover seed, contract
grad. S6.S5. Mess PORK, per Dbl, $9.45G959;
lard, per 100 lbs, IS 27l4G $50; short ribs sides
Coosal $455d475; dry sailed shoulders Cbax-
ed. 4h647sc: short clear SIDES (boxed), $4 s.
@4g5. Whisky. distilen,' finished goods, per
kai, $l26 Sugars, cut loaf, unchanged. Re
fe:p:s-Flour coo bis; wheat 41,000 blu;
torn, 1896 i bu; oats. 1.1SS, 100 Blu; rye 1,O43,
90 bu: barley. $4,000 bu. Shipments-Flour,
S0G0 bbls: wheat 27.000 bu; corn 5000 Blu
oats. $4,000 bu; rye 367, 900 bu; barley, 5000
bu. On the produce exchange today the but
ter market was dull and easy; creamer. es.
14G2lc: dairie- um17c. Eggs firm and active;
fresh 35G3Sc. Cheese firm; creams 924@i1c.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

esAc; cars No. spring, 63%@s4Ec. Re-
ceipts-Wheat, 1876 bu, corn, 62,957 bu;
oats, 54,7sS bu; rye, 7.432 bu; barley, 1884
bu; flax, 1886 blu. Shipments-Whea $50 blu;
corn. 2.o46 blu; oats, 6.525 bu. May closed
&c up at 72asc; spot No. hard, 71%c No. 1
spring, 6ac; to arrive No. ] hard 72%c; No.
northern, 707sc; No. hard, February, nhc:
May, 74sse; July, 747sc; No. northern, Feb
ruary, 69%c; July, 72%c; oats, 2992Sjhc; rye
Ss%c barley, 4O946c; flax, s1I6%c; May,
NlsA; corn, 32ac; May. $500
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
The Stocf Markets.

NEW YORK. Feb. 23.-Today's stock mar
ket. on dealings in excess of 600, GOO shares,
was extremely cratic, and the net results
showed honors about even between the bulls
and bears. The most significant losses were
lfngton figuring for 31a. The leaders in the
other column were Tobacco, the Minneapolis
& st. Louis shares and Third Avenue. The
mand for foreign account, London taking
fully 10000 shares over half of which were
the Atchisons. Plenty of selling orders ap-
peared and prices receded from the opening
figures in some cases sharply A rally. with
Tobacco, coalers and the grangers prominent
followed. Tobacco's strength was accompa-
MED by the announcement that settlement
with opposition concerns was imminent,
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
DULUTH.

DULUTH, Mimi, Feb. 23.-The market was
dull and firm. May opened &c at 72Ac, sold
up to 72s4c at 1890 and at 1880 was quoted
Mt 72Ac. Cash, 100000 bu at unchanged pre-
miums. Cash sales: cars No. / hard 73Kc.
cars No. hard, 79c; 81 cars No. l north,
ern. 71Ac; cars No. northern, H1c; 35,-
600 Blu No. northern, lie; 5000 bu No. /
northern, 70Ac; 5000 blu No. 2 northeri, 671h
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
BOSTON MINING SHARES.

TREASURY STATEMENT = Washington.
Feb. 2a.-Today's statement Of the condition
anq se sasas s sh soa reserxs sass Sa
NEW YORK MONEY-New York, Feb. %.
cent. Prime mercantile paper, 2%q3A per
business in bankers bills at s4.S61A Q4S61a for
dsmand and at "a s4@4.84A for sixty days.
Posted rates $4S4h@ g. and s4ss,ks@4s7
nominal at 5slk@601ac. Bar silver, 59lkc.
Mexican dollars 47Ac.
WALL STREET GOSSIP-New York stock
and brokers, 3H Robert street Natinoal Ger
man-American Bank building, st. Paul
Strong. Sturgis & Co. wire US: 1--WE have had
very active day and one filled with inter-
est The absorption and combination Of To-
bacco interests have made a great change in
the situation of all these companies, and to-
days buying has been one of the best. We
are told that Tobacco will easily show 16
per cent upon the common shares under this
arrangement and that the price will advance
to $50. Before the details of the "Q'' bond
issue were known early buying advanced the
stock some points, but the actual scheme
rather discouraged the street. and a great
deal of realizing followed consequence.
In other things We had rush of sympathetic
decline. We look for a recovery in most
of the good stocks and think that the oppor-
tunity is favorable for purchasers of Atchi-
son preferred. Reading LIST and some of the
say regarding Continental Tobacco, but would
rather buy than SELL In Steel Wire, how
ever, we hear very good things and look to
see an advance Of sharp nature. Our mar
ket will turn toward industrals for a
change, and then Biscuit Steel Wire and
Steel Car will all 90 higher"
FOREIGN FINANCIAL-New York, Feb.
23.-The Commercial Advertisers London
financial cabiegram says: 1.-The markets here
were active and strong the peaceful pro-
ceedings in Paris. Americans were excellent
that market finishing near the best. There
was a good Continental demand for Atchison
issues. the preferred reached a record Of 69H
on the expectation of a rema Ekable January
statement Of earnings. Important Berlin in
tereats bought St. Paul heavily. There were
dealings In new Central Pacific 3s at 80, in
the As at 1O6; in Southern Pacific Is at 81 and
Southern Pacific shares at 1914. Coppers were
firm. Tintos were 40 7-l6 Anacondas 9h,
Utahs 91a and Bostonl9 1916. The bank
bought f49, GOO gold in bars and American coin
The market demand is slack as large In
dian bazar order has been filled. Money is
hard"
Il d
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

vance. Write for explanation and proofs: mailed
IN IN plain, sealed letter. Correspondence con-
ERIE MEDICAL CO.. BUFFALO. NY. i,
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

Schoch grocery Co.
KNOW ALL MEN BY THESE PRESENTS:
.'nhat at meeting of all the Stockholders
OF the Andraw Schoch Grocery Company Ia
corporation), held at Number 300 East Sew
enth Street Corner of Broadway Street,
known as the Schoch Block, Saint Paul Min
nesota, on the 9th day of February 1899 the
Articles of Incorporation Of said Company
were amended by resolution passed by a
majority vote in number and amount of all
the stockholders and shares of said corpora
ton, as follows to wit: Resolved that Arti-
Gle one % Of the Articles of Incorporation of
this corporation be and it is hereby amended
by adding thereto at the end of the second
sentence of said article one o. this sentence
viz: That said corporation may buy and sell
such real and personal property as may
be deemed expedient and convenient while
carrying on and conducting the business Of
said corporation.
In With IS Whereof We. as President and
Secretary, respectively, of said Corporation
have hereunto set our hands and seals and
the seal of said corporation this 18th day OF
February, A d. 1899.
ANDREW SCHOCH GROCERY CO.,
Corporate SeaI)
ANDREW SCHOCH.
President Is all
ALONZO J. BIRMINGHAM.
Secretary. (Seal)
Signed in presence Of
Ernest A. Bolman,
E. r. Hocombe.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
Open High Low Closing

sales; No. 4. 2S1ac, according to sample; no
sales.-OATS-No. oats, 2SAd29c; No. 3
white, 2S% G29c.-RYE-No 2 rye 53$lc no
les.-BARLEY-Hgh grade mating Al
G46c. and even more for really choice malt
ing No. 4, Ale according to mailing quality:
no sales. -FEED-Trade very good; markets
firm and prices well maintained.
Coarse cornmeal and cracked corn in
sacks, per ton, sacks extra .........S12 80
No. / ground feed, % corn, 1-3 oats, so
ID sack, sacks extra .................. 10 90
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

Market strong and active on good cattle
OF all kinds The run contained some good
Dutcher stun, which sold quickly at high
prices The stockers and feeders in were gen
orally medium in quality. The best sold
wen. Common cattle sold low. Representa-
tive sales:
Butcher Cows and Heifers-
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
BANK CLEARINGS.

St. Paul-$679, 1885, 81
Minneapolis-$1 81 443
Chicago-$24, 264, $50
Boston-$29 80 54.
New York-$2S6 646, 953
LONDON MONEY-London, Feb 3d.
American securities advanced at the opening
and remained steady all day. Trading was
merely professional. The closing was steady
with moderate demand. Amount OF bullion
gone into the Bank of England ON balance
today f49 00O
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
North Western Line" StP.. M,s0
Chicago, Milwaukee & ST. Paul Railroad

a Daily. b Except Sunday.
chicago Day" Express.
chicago Atlantic" Elk.
chicago Fast Mail"
Chicago Pioneer Limited"
Chic; via Prairie du c. div.
Peoria via Mason City
Red Wing and Rochester. .
dubuque via La Crosse. .
st. Louis and Kansas City.
Milbank and Way ........ .
Aberdeen and Dakota Elk.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

STATE OF MINNESOTA, COUNTY OF
Ramsey-ss.
On this 18th day of February, A. D., 1899,
before me personally came Andrew Schoch,
! President, and Alonzo J. Birmingham, Sec
rotary, to me personally known to be the
same persons who executed the foregoing in
strument, and each being duly sworn did
say each for himself that the said Andrew
Sch0ch is the President, and the said Alonzo
j. birmingham is the Secretary of the said
Andrew Schoch Grocery Company Ga corpora
tom, that the seal affixed to said instrument
is the corporate zeal of said corporation that
the facts set forth in the foregoing certificate
are true of their own knowledge; that the
said instrument was signed and sealed on be-
half Of said corporation by authority of all
its stockholders, and they each duly acknowl-
edged said instrument to be the free act and
deed of said corporation.
E. R. HOLCOMBE,
Notarial Seal.) Notary Public
Ramsey County, MINI.
Ramsey IS. Office of the Register of
Deeds.
This is to certify that the within instru-
ment was filed for record in this office at ST.
Paul, on the Goth day of February A. d. 1899
at 10:40 o'clock a. M, and that the same was
Page BIB.
EDW. G. KRAMER,
Register of Deeds.
STATE OF MINNESOTA, DEPARTMENT OF
State
l hereby certify that the within instrument
was filed for record in this Office on the 2lst
day CT February. A. D. 1892 at 2:3O O'Clock
p. M, and duly recorded in Book 2 of
interpretations on page
ALBERT BERG.
Secretary of State.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
Articles Of incorporation.

Amendment of the Articles of In
corporation of the Andrew
SchOch GrOCerv Co
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
Live Stock MARKETS..

SOUTH ST. PAUL, Feb. 23-The receipts
at the Union stock yards today were: Cat
tle. iVo; calves %; hogs, .450; sheep, 20. Trad
ing in cattle was little dull TO-DAY owing
to light receipts. Coed butcher cattle and
the best of stockers and feeders offered sod
quickly at good prices. Common cattle of all
kinds were dull and sold low, where BUYERS
could be found at all. The hog market was
from 21A to &c higher, with a light run of
FAIR quality in. The bulk of the butchers
sold at S3.65. with few loads of common
going at $3.50. Pigs sold little stronger.
There were but few sheep in and no sales
OF any consequence. Prices quoted are
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24
MINNIE

MlNNEAPOLIS, Feb. 23.-Wheat opened
strong. but la,er receded.-May wheat open
ed at NE, against 7O7sG71c Tuesday, gained
lsc, declined &c, firmed up to 713s@7ihc,
&July wheat opened at 715sc, a l 7i%c
Tuesday and advanced to 13sc. lost Ac and
by room held at 71%@nBc.-The cash wheat
market was strong for good milling wheat,
hut slow for al off grades.-February wheat
closed at 7O%c, May at 7llsc and July at 715s
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-24

Hogs-Comparatve receipts:
Total for today 45o
n yea a6o S19
Market ~ to sc higher. The bulk of the
butchers sold at $3.50, with few loads go
ing at $3.50. The run was light and of fair
quality. Representative sales:
The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-10-15

are deferred because cost is found to ex-
coed engineers estimates. But this builds
a reserve demand that win come in to sup
port the market in the future In high steel
buildings, in large Cities for example, there
is distinct limit to prices that may be paid
for materials without bringing the cost to
a point beyond earning ability. The mer-
chant marine can not be built up as rapid
ly from American ship-yards on $500 steel
as on $500 steel. But these are but eddies
in the main current.
The real factor in lowering prices will be
in increased production, not diminished de-
mand. How fast can the output of the fur
naces be increased? I say not over IS to IS
per cent per annum. There was incredulity
in as high quarters as Mr.. Swank secreta-
ry of the American Iron and Steel associa-
ton, when this prediction was made early
In the year. For were there not a. couple
of hundred idle blast furnaces in the coun-
try ready to blow in the moment profitable
prices were reached? Would American cap
ital or energy hesitate where the reward
was SO great?
which operate to restrict profitable produc-
ton. In situation like the present they
are clearly revealed, and many fine theo-
ries are upset by common physical facts.
Few people, who have not actually run a
blast furnace realize what 1t means to fill
the capacious nav Of one of those monsters
with raw material. A stack of 200-tons dali
1y capacity, running on 80 per cent ore must
have delivered to 1t each day something
more than 400 tons of ore, $50 to 300 tons of
coke, according to the character Of the me-
tai required: and over 100 tons of limestone,
besides sand, coal and minor supplies-say
800 tons of raw materials Add the 200 tons
of pig iron product shipped out, and We
have daily freight movement OF LOO tons,
The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-10-15

Without going into tedious array-of sta
tistics, a few leading facts and figures are
necessary to an intelligent knowledge of the
problems outlined in the first paragraph of
this necessarily general sketch. The histo-
ry of the iron trade in the United States
shows a persistent tendency to double con-
sumption and production every decade.
When the figures were small, in the years
preceding and Immediately following the
civil war, 1t seemed no great thing to dou-