Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-03-01
FINANCE AND TRADE.
Condition Of the Markets Mere and
Elsewhere.
Money 6 Per cest Governments In
changed-Stocks Weak-flour Steady
-wheat' Higher Provisions
CONDITION OF the Isoa TRADE.


! A correspondent OF the Pittsburgh
Telegram at New Castel, Pa, says: "In
the vicinity of Oreviile, a little mining
camp in Shenango township, there has
been mined over 275,OOO tons of iron ore
from less than eight acres and there are
about 1000 acres yet undeyeloped. The
vein ofore, which is an excellent quality,
measures from Is to - feet in thickness.
In the past five years real estate ia the
vicinity has advanced more than 500
per cent. The Negley railroad taps this
camp"
Although it is less than two years
since the erection of the steel and iron
plant at South Pueblo, Col, was begun,
there is now in successful operation a
blast furnace, foundry and machine
shop, and also in course of construction
another blast furnace, Bessemer steel
plant, consisting of two five-ton con-
verters, and the necessary machinery
for producing rails, a rolling mill and a
factory for the production of rails, spikes
and bolts. II Is expected that the Bes-
semer department will begin to turnout
rails in four or five weeks, and that the
rolling mill and nail, spike and bolt
factory will be ready for operations
about the first of April.
The old Salkeld foundry and machine
shops at Mauch Chunk have been
purchased by Judge Packer. They will
be changed to a nail mill, and will fur
nish employment to q large force OF
workmen.
The "big mill" of the Coatesville Iron
Company will close this week for re-
pairs. The machinery will receive a
general Overhauling, and several I'M
prOvements will be added.
A new puddle furnace is being erected
at the Thorndale Iron Works, which
will add materially to the capacity ofthe
mill.
The Ktna Mill, at Martins Ferry, is
being improved by the erection of a
guide milf, two sheet mills and twelve
additional pudding furnaces.
An addition is being built to the new
foundry of the Union Manufacturing
Company, at New Britain, Connecticut.
A new rolling mill has been built at
Waterbury, Connecticut, by the Scovill
Manufacturing Company.
The foundry, machine shop n black
smith shop of the new rail mill of the
indianapolis Rolling Mill Company are
up and in operation. The steel mill Is
nearly ready for the root. The machine
nv is all ordered and considerable of it
is on the ground. The company expect
to have all completed except the con-
verting department by June l..
The Reading Iron and Coal Company
are repairing one of their blast furnaces
at S~wedeland. 1t is reported that after
the furnace has been put in condition
for operations it will be leased to private
parties. 1t is also said that the Other
furnace at that place, and belonging to
the Coal and Iron Company, will be re-
built during the coming summer, and
that q forge will be erected at Swede-
land.
An employee of the.'PhGniX Iron Com
pany, who recently patented an i'm
provemcnt in the guide round mill has
added a device for drawing the heavy
rounds into the guides. The machine
works automatically, gripping the bar
between adjustable jaws that force the
oval into the rolls and release their hold
the instant that the roll catches the bar.
There is with this device M limit to the
size of round iron that may be rolled by
guide on the train.