Show IS THIS the age of steel it Itis is claimed that it is by many and in support of the assertion s they point to the greatly increased use of this commodity commodity comm odit y and to the fact that the demand greatly exceeds the supply steel Stee lisnow is now used for many purposes in iii which wood was formerly utilized many steel buildings are now going up all over the country steel vessels are taking the place of wooden boats and even steel cars are replacing the ordinary freight car while the rails now being laid by railroad companies are larger and heavier than those formerly used and the increased demand for steel in many forms for use in the industrial world points to an unusual consumption in almost every habitable portion of the globe this being the case and as iron is the chief basis on which the steel industry is founded the outlook for the future of iron and of chali coal an essential by pro duct is most encouraging in commenting on the iron industry and the growing use of this commodity in the united states the re view of october 15 contained the following which bears out what is being said of the 4 age of steel at the present time iron in the abstract is really of more value to the world than are the precious metals its con consumption in all branches of trade is simply enormous and the curtailment of its output would cause stagnation in business and commercial circles to a much greater extent than would the closing down of the mines productive of the precious metals for a few months or for a year this may sound like idle talk but it is the truth all the same the trouble being that the public at large has failed to grasp the importance and immensity of the iron industry |