Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1900-03-25
iron OF THE SOUTH.
Eecord Taken Last Year Bids Fair
TO he Held Again.
ADVANTAGES GREAT.
She Has Tie Ore and Che Coal With
Which TO Develop 1.-THE Opln.
Ion Of stephen Jeans, the
British Expert.

baltimore, March %. - The south,
which during the past three or foui
years has held such notable position in
the unfolding OF the history Of the iron
world, is showing no tendency 10 lose
any Of is prestige Rather. it is assum.
ing even greater Importance in calcula.
tions about the demands and the means
"a meet them in the future. This fact
Is constantly being brought home % stu.
dents Of the situation IN this country and
abroad. II is recognized and noted with
emphasis in this weeks issue Of the
Manufacturers Record by stephen Jean,
Of London. one Of the world.authoritie.
ON the subject, aud for many years sec.
rotary Of the British Iron and Steel in.
stitute He reviews in an elaborate ar.
ticle the outlook Of possible supplies Of
material In European and American
fields, discusses the relative Importance
Of Bcsscmcr and basic ores, aud in con.
clusion says:
Ito those who possess iron ore proper.
ties, or whose manufacturing aud gencr.
al industrial interest. arr bound up ~
the southern states, 1t should be- mat
ter Of satisfaction 20 know that the fu
ture is likely 10 have In store ynst in.
crease Of demand for the ores Of which
Alabama, Virginia, Kentucky aud Ten.
ncsscc posses, such great storos-thns,
especially suited for the basic steel in.
dustry. III, probable that IN respect OF
such supple, the south doe, not posse,
any special advantage over the Ne.
saba mngr but the south dors pp,,n,
the unqucstionublc advantage of having
the ores and the fuel IN juNtapoltiun.
while the Mcsaha ores are nearly thou.
sand mile, from the most convenient
coal field, and arr, moreover. much far.
thcr from tldrwatcr than tho chief dr.
ppsits of the south. II thi, mean, any.
thing, IL surely points to the fact that
the south could hardly go wrong in
throwing spirit and enterprise into the
development Of It's haste steel industry.
which IN all countries alike. is 50 likely
to become the steel business par excel.
lcnce Of the future.
1T may reasonably ho expected that
before close this article | should at.
tempt TO offer some suggestions as 10 the
probable future II demand and prices.
This, however, is a risky undertaking,
and do not claim To be- any wiser than
my friends and neighbors, although my
business for quarter Of u century has
been 10 watch and record the move.
ments Of the different countries. Rath.
er more than two months Of the year
1900 have already passed into history.
During those two months, M far as iig.
ures are at command, the output Of pig
iron has been considerably larger than
that Of the corresponding period II last
year. In the United States the ratio OF
pig iron output has been nearly ! 500, OO0
tons a year IN excess Of 1899. In
Great Britain the increase II out.
put has bccu N the rate IT fully
10000 tons over 1899. aud in Germany
and Belgium the advance has been quite
equal to that Of the first two months Of
1899 No one anticipates that the total
make Of pig iron In 1900 will b. under
that Of the previous year. Very few PEG.
pie expect that before the end Of the cur.
rent year there will b. any material
slump In prices. On the other hand,
there Is no general expectation that the
prevailing boom will be- continued at il.
present level much beyond the current
year. IL must not bc overlooked that il
has already lasted longer and has as
sumed greater dimensions than any
previous period n prosperity In Eu.
rope II began In tho wear 1896. sn that
before the end ~ lplDit will have had
"A life Of about five wears. which Is about
twice the duration Of thrprpyious boom,
of lSi2.tl, lN,a-Sl aud lS1ggD Il is M
doubt true that every boom hl, It's own
special genesis, and iStou large extent
u law unto itself That law. in IN,
present case, may be- summcdup In thru,
words-armamcnts, electricity aud san
itutipn These shibbolcths are still
. prominently 90 the 'front.' and appear
likely to remain 80. The number Of
miner demand, Is legion, and they arr
all pressing their claims. ,o that there /.
really good cause 90 suppose that W,
have reached permanently higher
standard of iron and steel demands and
of higher prices In Europe, at any rate
It Is not anticipated that iron ores, Goa
and coke will again Dr. ,o low In price a,
they have been. II the United State,
can continue TO supply these commodi
ties iu the future as chcuply as the,
were supplied mp 20 about % year ago
well, su much the better for the UntcC
tutcs
Carnegie Company Incorporated.