Salt Lake Telegram | 1902-02-25 | Page 4 | Possibility of a Steel Famine

POSSIBILITY OF A STEEL FAMINE Of all an our ur Industries the manufacture of steel affords perhaps the most striking striking striking king evidence of the unrivalled run of prosperity that the country is now en- en In spite of the fact that our production both both bothof of f pig iron and finished finished fin fin- steel greatly exceeds that of any any other country in hi the world the demand of the home market Is suc such hat It has overtaken our production and even even gives of exceeding it One of the leading officials of the largest bridge company in this country considers considers con considers con con- siders indeed that we may shortly be confront confronted d with a steel famine of senious serious serious seri seri- ous proportions So greatly has the home demand increased that no nc- contracts contracts contracts con con- tracts are being made for export and Importations from abroad are are looked upon as inevitable As illustrating the condition of affairs the case may be mentioned of an imports important Southern road which has been unable to secure delivery of a needed much-needed order for tons of steel rails ralls and arid in consequence consequence consequence conse conse- quence is now driven to the t of the question of immediately importing importing im- im porting porting OO tons tons fron m abr abroad ad Jt Et t has I. I jeen sen en customary to sp speak k o of the ICe t rem remarkable k i-k bl bI d development vel of if of our export trade as au the overflow of an industrial development which had exceeded the demands of the home hom m market We very much nuch doubt if f the ablest blest prophets of finance ever ver expected to see the day when the enormous and rapidly rapidly-in increasing in- in creasing output of our steel Industry would be ov overtaken by the dem demand nd for home consumption Scientific Scientific Ameri Amen cap can