The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-08-06
THE MEADOWS DEAL
PROBABLY WILL Be
CONSUMATED SOON
MT. PLEASANT PAPER EXPRESS
Es ITS OPINION OF PHos-
PLATE COMBINE.
SULPHURIC ACID An ISSUE
Buyers Are Advised That The
other Fellows" Are About To
Be Gotten into a cuI-de-sae-Given
as Straight Tip.
nae Nd. Pleasant Record say.:


What appears TO be the rapidly APP
preaching consummat1on of the long
pending Meadows deal will be hail
ed with a feeling of relief by the
whole phosphate industry, we think.
Not that the result of the combina'
tions and purchases made will be to
at once materially accelerate the bus
mess of those not embraced in the
Meadows transaction, but because the
tension will be withdrawn. The plans
of the international Agricultural Cor
poration are not made known, but the
fact IS known that they will have to
dispose of very large amount OF
sulphuric acid-in fact the entire out
put of the Ducktown Copper Company
and this hcid must be used in MAX
ing acid phosphate, by combining 1t
with phosphate rock. 1t can be put to
no other use. AS the Corporation is
taking over such very large interests
I'm the Tennessee brown rock field
which have well equipped and going
plants, it is to be presumed they will
RELY largely upon this field for their
rock supply. 1t is true they have very
valuable holdings in the Florida field,
but it is not so available for use in
connection with the Ducktown acid as
this territory. So it does look like
the opening up of this new concern
for business must result in greatly
increased consumption of rock from
the Mt Pleasant territory. What the
effect on rock prices will be is prob
lematical. The l. A. c. will have its
own rock and some of the best
equipped plants in the district. They
can produce as cheaply as any opera
tor. Hence we do not look for them
to go upon the market for the pur-
chase of rock But on the other hand,
thew will take out of the market at
least three or four from among the
leading producers, hence those re,
naming will be benefited by the re-
moyal of that much competition
Another thing that is going to cut
figure is the labor question. To mine
CHEAP rock-no matter how complete
your mechanical Appliances are-you
must have cheap labor. This you
have now. but very limited supply
of it. If an increased output is sud
denly called for and a corresponding
II increased demand for labor accom-,
panies the call, prices for labor will
surely advance.
AT the risk of becoming a bore we
will reiterate our so oft made state
ment that he is wise manufactures
who closes as large contracts as is
Dossible with reliable producers at OF
near present prices for future dellv
cries. If the producers had the con
tracts now they would during the next
three months, supply themselves with
large stocks. After that time weather
conditions are likely to prohibit
reliable production, no matter what
price is offered for it. Stocks are moi
being accumulated to any material eX
tent, save by one or two producers
in this field. The others are all prac
tically closed down or just doing
enough TO keep up with daily demand:
because of the unsettled condition o.
the market, and because they have
no future contracts.
1t looks now like the Meadows out
fit is about to get the other fellows II
cul-de-sac. They will have the bull
of the producing capacity and most o
the going plans and all but two o.
three of the plants producing "neV
process" material.
If you who are buyers don't believe
Four statement is true, send capable
representative here and see-unles
,o,, ara eyoino in with Meadows