Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-22
THE TREND OF TRADE
Steel Rail Mills Not Able to Keep Up
With Orders.
BOOM AT EDGAR THOMSON WORKS.
Phenomenal Growth of Young Cities
Around Pittsburg.
WEEKS WORK AT THE LIBERTY IARDS
OFFICE OF PTTTsBURG DISPATCH, /
THURSDAY. NoyembeF gl 1889 (

THURSDAY, November Il 1889.
The Edgar Thomson Works at Bessemer
are now turning out upward OF 10000 tons
of steel rails month, and the faith and
hope of the managers are that November s
output will reach $4,000 tons. When the
two new furnaces in process of construction
gre completed the capacity of the works will
be increased fully % per cent The first of
the new furnaces is fast approaching
completion, and is expected to be
ready for work soon after the turn of the
year. The advance in steel rails the past 80
days is equivalent TO Sc per ton, the price now
being $50 50 against SIG SO in the summer.
A portion of this advance, about onethird 1t is
conjectured, goes to the tonnage workmen. Not
less than s. so per ton has been added to the
profits of the owners in the past three months,
and with an output of nearly 100 tons every a
hours there should be comfortable profit now
If there was no margin at SIG So
How the Profit sizes Up.
If steel rails are not manufactured at the
Edgar Thomson at a cost considerably below
$50 per ton, many Of the experts in steel manu-
featuring are very much out in their calcula-
tions.
The price of steel rails in England is less
cost of labor there is, Of course, much less
than here; but natural gas and improved ma
chinery introduced by the late Captain Jones,
it is claimed by experts in steel, more than
offset the advantage from cheap labor.
The EDGAR Thomson has sufficient orders
ahead to call out the full capacity of the
works for several months to come. and the TWO
new furnaces are very naturally belng pushed
toward completion as fast as men and money
can do it
IL BOOms Everything.
Asa result of this great activity at Bessemer,
Braddock is rejoicing in unwonted prosperity.
Real estate in the young city is steadily moving
onward. and calculations on the value of Main
street property are now made by the foot,
whereas a dozen years ago property holders
figured on the value per acre
We read with wonder of the phenomenal
growth Of rising young cities of the new West
ern States. But there have been few more
marked evidences of prosperity in Western
fields in recent years than is witnessed in the
rising young cities of Braddock, Homestead,
McKeesport and Mansfield springing up at our
very doors
In the past decade or two Pittsburg has given
birth TO a number of young cities, which, In
any Western State, would furnish opportunities
for immense booming Here we look on these
new centers of great population as matter of
course.
Liberty Live Stock.
1t will be seen from the accompanying report
that the local receipts of cattle are less this
week than last by $50 head. and $50 less than
the previous week. The supply of light butcher
stock was not up to demand, andprices ad-
vanced l0Gl5c per cwt.
Heavy and common grades were slow at last
weeks prices.
The grade of cattle most in demand in our
markets of late ara those weighing 900 to ], ,250
pounds, smooth and well fatted. For this
grade there has not been enough to go around
the past few weeks.
The run of hogs is less this week than last by
5000 head. But supply is above demand and
the best that could be had for Philadelphias
and Workers the past few days was s. 90@4 05.
Supply of sheep being L 30 head larger than
last week markets have been slow for all ex-
cept very choice grades. Medium and common
were lower, and choice wethers were steady at
last weeks prices.
The Whole Week at Liberty.
Following is report of the weeks transac-
tions at the East Liberty yards:
RECEIPTS.