Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-11-03
SOUTHERN INDUSTRIES.
STUDY OF. THE IRON TRADE
NEW ENTERPRISES.
Especial to yirglniun-Plot)
Baltimore Md, Nov. 2,

q
Baltimore. Md, Nov. 2.
Among the nations to be considered
In study of the iron trade and the
part which America. and particularly
the South, is to play In It's develop
ment, as Germany. For that reason a
letter in this weeks Manufacturers
Record, from Mr. w c. Dreher writ
Ing from Berlin. is of timely interest
Mr. Dreher presents a broad view of
the iron and steel industry in Germany,
which now, according to him, is enjoy
ing the greatest activity He traces
this TO the phenomenal development of
industries that are heavy consumers of
IRON and steel, especially the growth
Oh une electrical industries. the build
Ing or railroads., the activity in ship
yards, and the widening of operations
OF machine builders. He ventures the
opinion that within the next year or
two German furnaces will be burning
american coke. and discussing the cf-
forts being made in the market for
half-hnished material to find relief I'M
I'll domestic producers are able to sup
ply the demand, he quotes DR.. e. Chas.
Barschall. the editor Of the organ of
the rolling mills. Dr. BarschaN en-
phasizes the fact that the German roll
ling mills will have to. depend more
than ever upon foreign sources of sup
ply, not only for bloom, bllets, &C.,
but also for pig iron, and says: where
are we to get these goods? England
cannot supply them. for ct can spare
put little of the materials we need, its
own mills now taking about all the pig
and rolled goods that the domestic pro-
ducerS can supply. The only market
that we can look to is that OF the
United States, and we must necessarily
get very large supplies from there
WOO IL. 81
will in part be compelled to stand idle,
or course, prices are higher now in the
United States than here, but those
prices. as quoted, are not strictly ud-
hered to when large foreign orders are
offered. AS I see the situation.
Germany will have to depend more
and more upon the United States for
Its material. You have such great adj
vantages in the near proximity of the
ores, coal and fluxing material to each
other, as In Alabama, for example, that
your country Will always be ahead of
Germany in the production of pig iron
and half-finfshed products; therefore.
Germany Will have to confine itself
more and more to the manufacture of
the more highly. finished goods. and it
must necessarily depend upon the
United States for n large part of it's
supplies of material. This lis n fact
that is not to N5e commended against by
us, for the trade created by the change
In question will be advantageous to
both countries"
BREAK IN PRICES ANTICIPATED.
DR.. Barschall says that there Is an
opinion among the greatest Of German
magnates that there will be Il break I'm
American prices din the course OF the
next year. This opinion Is perhaps the
child OF a wish. rather than the result
of a, study of American conditions. The
deVelopments in the Southern iron
field during the past week would not
sustain such an opinion. There was a
change to greater activity, according
TO the Birmingham correspondent OF
the Manufacturers Record. due to the
fact that some large buying interests
which had been holding off for an an
ticipated break in the market came to
the conclusion that there was no profit
placed orders to cover their present
| necessities, the bulk of the transac-
tons being for the first half of 1900.
The correspondent sees the prospect of
greater volume CT foreign business,
and says Looking at the situation
from n common-sense, cold, business
point Of view, the question recurs-
what Is there to depress value until we
begin to accumulate iron? The answer
is-nothing. absolutely nothing The
Market is In such condition that when
certain large interests who have ac-
cepted contracts at long delivery with
out buying all the Iron necessary to
fill them, come into the market to sup
ply the deficiency, there can he only
the result of enhanced values, and come
into the market they must. It is sim
ply question OF time"
INDUSTRIAL ANNOUNCEMENTS
7Srnortss- tthe-nlanY new industrial an
nouncements OF the week renorted to
the ManuNacturers' Record were the
following:
800 900 coal company, 25-ton ice fac
Dry $4,000 Improvement company. and
$4,000 fruit steamship company in
Alabama
$1,000 telephone company. $4,000 to-
| bacco-extract company. s1,O00.000 to-
bacco manufacturing company in Ken
lucky.
$4,000 lumber company, $4,000 quar-
ryfng company. 5000 spindle cotton mill,
$50, 600 cotton factory in Mississippi.
$4,000 fannie acid factory, $4,000
knitting mill company. $4,000 knitting
mill company. 5o-ton ice factory in
North Carolina.
s25. 900 electric light and ice company,
$4,000 hardwood company, $4,000 i'm
plement manufa curing company, $50
600 yarn and knitting mill, 5000 spin
dle-2o0 loom cotton mill addition I'm
South Carolina.
$500 phosphate works, $4,000 tele
phone company. $4,000 chemical com
pany, $4,000 textile manufacturing
company, $4,000 telephone company.
100000 hosiery mill In Tennessee.
$1,000 water works, 100000 bushel
grain elevator, $4,000 textile manu-
featuring company, s20.o 600 water works
in Texas.
100000 brewery company 5000 600
pork packing company 5000 dredging
company In Virginia.
100000 lumber company, $4,000 oak
extract manufacturing company, $780,
600 water works, $4,000 telephone COM
Manu- i, Wacf