New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-09-02
HIGHER STEEL PRICES.
MR.. C4RNEGIE'S views.
Prediction That Supply Cannot
Foual Demond-Rerieso Of Trade.

II
rs,-rov--,p-Furness. Sept 1.-The autumn con-
go. ~ the Iron and Steel Institute opened
-, to-as, under the presidency OF Andre"
Carnegie.
NJ c,-,ers. in opening said that the record al
d., and steel Of England the great little mo'her
OF nations" had not been eQusiled py any ~ = :.
~bna-en although her Oldest and biggest see"s
inherit her mothers iadomitabs spirit ana 'ne
ft- 10 work miracles In all matters OF ron -
s.e.l however" continued Ny. Carnegie the emo
has been borne upon the shoulders OF TN -
u the Atlantic ocean had boon prairie ial' ~
would have been little left in the world but 'e oo'
,,a-ine old lady and her family all unoer one fooi'
80 ,,o Gag q sell sustaining empire under iree
ty.de with probably two hundred milhcrs OF '1-
english speaking race and a home Enerhet :" oie
20 give control % neutral markets. No quesuo" %
-ot.con o- preferential tariffs then - disturb Us.
Reside an this We SHOULD have been able TO enforce
peace among nations" Mr.. Carnegie continued
o..-,,.-,., ,,,fortuna,elv IN ocean exists where
efle iIs I,' refsrsd Tairies but is IRA
Nersed about the same time as ~ ~ Nsv.-
Yo-k on the Atlantic and san Francisco ara Nc, nc
1orla the Pacific Who 50 oga a. 20 - ,ti,g the
ocean hitherto barrie your branches mo ne
YPessncbes7 not i, My fath 81 unshslsable that
day This viii he ccomplsr;eo, az, sIien 10 The
F,,Tonean continent you Will look across ne 81
your own cdrea IN SSnaq he mother member
% the dominant power 81 The world
Referring &c . meeting Of THE institute held n
Barrow twenty -nine years ago. Mr. Carnegie sSlo'
There WIS - :his historical meeting report,
remarkable production submitted oy l'aNlu F0I
81 iron and steel industries in foreign countries ,
naturally turned 20 SOC %ila1 ne T r zen 70 the
Pittshurg district. and what Is there tecosue. .i,
res ne 9s &c Psnbsyvania s.cel Company made
twenty thousand tons Of Size! rails nss T-e
Works we're engaged in raising loan OF the enof-
amount Of i20e2 Tor the eEIens.on 81 he
works. paltry. N9''" tlNs nliilons Coo,,rie
,omparn lively less to-day. The great NaTo.ld
burg were credited Vith having made no less than
oZiiz 81 ingots IN the week ending sep1eIiol
6sv's work nowadays. TWO new blast furnaces
being built ia Ohio, he capital OF We coli ON
Zoe iron scoich-American pig. This isn't osa
iotai pro5uction Of rig iron In the United States
fn lSl was Sg1 90 tons. and IN 1853 Just ABOUT
,he same to-day ma ro5 u u see nearly
ions. is greater than the rest Of the world
THE STRIDES OF OTHER NATIONS.
7-ae progress 81 Germany and Britain have also
been great Britain made 64Ss" Tors OF s'eg MA AZ
$4,000 IN 1874: last year. 6Ssi COO In 1873 Britain
made 4@o tons ~ pig iron; SeTmany' 80 90
tons respectively. In 1874 the world was produc.
ina nearly 10000 tons = pig IRON ana ~ co. 80
tons q nie iron and $50 10000 tons Of coal
5 s49 as seven sn months nSG gas has been u5ed
81 Piusburg IN one Of tho mills The largest output
Tor a furnace then known during the week
ended september ! lS74-7o2ls tons, 100 tons day
tie world thought The INIT was surely reached
Two new Carnegie furnaces have recently averaged
Ths Sork q v,cek is nov done in day; but
fhere have been mace and sold without loss hun
oreds Of thousands OF tons OF four inch steel oil
eB a. me hTs ~. e t2 heT hE
has and q is doubtful i ever lower price can be
indication that period after period the price OF
materials To make ina, three rounds of steel al
least nins pounds OF material were requred-three
20 the works. one and one-haf pounds OF lime.
Ineo aRq e5 % eS Ser ama az
ported 300 miles 10 Pittsburg being transferred
from the ship into the railway cars. How it was
eone cannot pretend 70 tell you. but ! know the
] doubt their possibility. This was done during the
Sg o. e % saT when sgfng ION Tf higher I o
day during this period Of boom in America.
SUPPLY UNEQUAL TO FUTURE DEMAND.
Gentlemen. such Is the contrast between 1874 and
lscS What Is II 70 be twenty nine years hence
agile some OF its features II is scarcely possible
ana steel materisBy Let Us bore thai the product
VIII not De decreased. The vital element IN the
h,re 1 only know what learn from others but
lnrnufa2turers should he directed 10 this question,
@here anG how can they obtain a supply Of iron
ore
Nor Is 81 q question which The manufacturer OF
America ram safely ucgle-t. j. because %
forced tstf strongly upon Us that we secured
tlch abundant supply % the best ore obtain
eide Tor si.ty years. J think. the United States
Steel Corporation Is supplied NJ its present rate
- consumption hut sixty years nothing com
pared to Tie NE Of "a nation. II IS upon future
discoveries az iron ore that The future OF cheap
stee manufacturing. even in America. depends.
Tnore are immense deposits in now Inaccessible
parts In Utah. Tor instance. and In Southern
California large deposits have been found that
steel viii continue 10 be manufacturer. but II would
rot surprise IL its very greatly ad-
NaUCcd iu the future. II almost miraculous
STAT such article steel could be produced and
sold without loss ~ three pounds Tor penny.
am convinced that this is thing 81 the past II
vii De question OF increased cost. ana. therefore.
~ increased price. SO thar neither Britain nor
Amcroa reeG fear that steel rnanufaotur VIII be
-h0ilr Lost the world vii gladly pay the in
crrasCd rrice ncoess0rT - obtain IL During the
Falf century ~ scans that America is 10 in
Cra3Se her output a tremendous pace The out
Iuf - Britain win perhaps remain stationary. or
f".r lUofoase somewhat. 4 Developments in Nor
Na- and SWEDEN prove satisfactory.
Gentlemen. oven % this Barrow meeting should
.al tc rank IN importance historically with the
4 - one sure thar ir the warmth OF vel
t,nte received. o. me ~n3o,rnent ~ the occasion
Fuc Fl The meeting ~ one with another. the rec
- e v- 7nt fell - show that 1858 compared favor
Oh. e'cr vifN So epoch making predecessor