The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-07-26
news OF OUR INDUSTRIES
Happenings Of Interest TO the Staple
Trades and Particularly to the Trade
In Iron, Steel and Anthracite Coal.

A bid Of $425 per ton was made a,
Chicago on q proposal for $500 tons OF
| anthracite coal. The lowest price evei
| reached before was $3.50.
Anthracite coal in a vein four feet
thick has been discovered In the Line
| mountain. which bounds Schuylkill and
Northumberland counties. on the south
side. near Pitman. In the former county
Edward Reed has resigned his posi-.
tion as foreman at the Honey Brook
stripping Of Crawford & Dugan to &C.
cept a position as superintendent OF a
new mine to be opened near st. ClaiI
by Scranton capitalists.
The advance in wire nails OF 20 pei
cent. on Aug, l, making a total advance
Of over 100 per cent. Is due to restric-
tion Of production, as a result of an
agreement among the manufacturers
Stocks are practically absorbed.
The Pardee collieries are working the
poorest time Of any mines in the Hazleton
region. On an average they only make
three days a week while the other break
ers are working to their full capacity.
This is mostly due on account OF the
lack of cars which Is furnished to that
company.
The Reading Railroad company Is
constructing a new siding at Spring
Mountain and when completed 1t will
give them large measure of aid In
transporting coal from the Coleraine
colliery. Trains can be pulled up the
heavy grade In small detachments TO
the new siding. which Is at the summit
of the hill.
Henry Vincent, general superinten-
dent at the Patterson colliery and Isaac
Clees, outside for eman at the same place.
have invented a method of cleaning
coal once discarded by having been
placed on a culm bank and now have
men engaged at constructing two build
ings, that Will take the place of a wash
cry, with capacity Of 1000 tons per
day.
There Is a car famine on the Penn
sylvania, Lake Shore, and Baltimore
and Ohio roads," says w, p. Rend, of
Chicago. "These companies have at
least third more transportation orders
than they can fill. The iron trade in
Western Pennsylvania and Northern
Chic is more active than 1t has been in
five years. The railroads will have a
tremendous boom this fall. If present
crop Indications mean anything, and
tell you that coal wilb fairly jump with
In ninety days. Soft coal Is selling now
in carload lots for from Sl.25 to " per
ton. but 1t will not do so long"
The Brooke Iron company. of Birds
boro. posted notices in Its rolling mill
saving that, taking effect Aug. !, they
will pay $275 per gross ton for pud-
ding; 81 cents per heat to be paid out
OF the s.. rs to the helpers. Other labor
in the puddle mil, will be advanced pro-
portionately. The present price of pud-
ding is $3.50 per ton, and the helpers
get 26 cents per heat. The Brooke Iron
company has commenced active prepa-
rations to get No. 2 furnace into blast.
The furnace has been idle for nearly
three years. Its capacity is 500 tons per
week, and gives employment to l25 men,
The company now employs over 800
men in all it's departments.
Piatsburg, July 25.-The iron and steel
trade has been in such a rush FOR a
time that manufacturers having orders
far ahead are content to wait awhile
and let the market stand where, 1t Is.
But while the market this week i5
easier, there Is nothing like weakness
apparent. In all lines prices are fully
I'D to last weeks quotations, with de-
mand firm and steady. The indications
for fall trade are decidedly gratifying
For the first time in several weeks
there has been no advance in the price
of pig iron. Furnaces are pushing pro-
duction, but stocks are not aIccumulat-
ing. The new price for steel rails Is
now $27. Plates blooms and billets are
very much in demand, with prices ad-
vanc.ng with mill capacity crowded and
high figures offered for immediate de-
livery, which is very difficult to secure.
There Is also great activity in mer-
chant steel, with former prices quoted
Philadelphia Press: "The Reading
railroad has reduced the price OF coal
in this city Is cents per ton this week.
The other companies will meet the cut.
The official city circular prices for coal
are as follows: