Rensselaer Republican, Volume 22, Number 18, Rensselaer, Jasper County, 2 January 1890 — THE BOOM IN IRON. [ARTICLE]

THE BOOM IN IRON.

ietlo liemand for All Grades With the Prospect of an (Advance in Prices. Extraordinary interest is now manifested in the iron market. A further advance is expected during the mohth of January and if there is any further increase in prices the iron-workers will be entitled to an advance in wages. Bar iron is now being sold at 1.95 c per pound, and it is .said some sales have been made at 2 cents When it goes above 2 cents then the iron workers will receive an advance. The possibility of a further advance is being discussed, not only by those directly interested, but by business men generally. The coke operators have agreed to further nd vance the price of coke on Jan. 1 from $1.75 to $2 per ton. This will have, it is generally conceded, a further stimulating effect upon Vac iron market. The furnaces are receiving more orders than they can fill. The boom in bessemer iron still continues, and there is a most active demand reported for all grades of iron. , i idn Atm ii ■ ■ w . ......