The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-08-24
NEWS OF OUR INDUSTRIES.
Happenings Of Interest TO the Staple
Trades aud Particularly to the Trade
in Iron, Steel and Anthracite Coal.

The Franklin Steel Casting company
of Franklin PA. Is erecting a steel cast
ing plant which will have a capacity of
about 400 tons a month at the start.
The works will be completed by Nov. J..
The Diamond Steel company, of
Reading, Pa, has received several large
orders from cutlery manufacturers for
different grades of cutlery machines,
and Is now working night and day.
The Soho furnace, at Pittsburg, PIT,
recently bought by the Pittsburg Steel
and Iron company, has resumed blast
after an idleness of three years. The
furnace has a capacity of 200 tons of
pig iron day.
The Carnegie Steel company. limited.
OF Pittsburg, Pa, it is said, gives en-
ployment at its various plants at Pitts
burg TO about 1900 men. 1t, is ex-
peoted that the tonnage for this year
win approximate 100000 tons of fin
ished product, If the present rate of out
put is maintained.
That consumption of iron has greatly
exceeded the output from furnaces the
past few months is seen in the con-
tinued blowing in of stacks which have
been idle several years. Compared
with a year ago there are now sixty
eight more furnaces in blast. with an
49,.
900 tons. And still the cry is for more
iron, so that when these large consum-
ers begin to purchase freely, as 1t is
believed they must, more iron will be
required, and additional furnaces be
blown in to furnish the mills with raw
material. Some of the furnaces added
to the producing list are comparatively
new. but others have about reached
the end of their usefulness, and these
would be idle but for the attractive
prices at which iron is selling. There
Is little doubt that 'he consumptive ca
pacity will absorb the output fer
months to come, and the prices will be
maintained during the same period.
Officials of the Pennsylvania Railroad
company are said to doubt the accuracy
of the report that train on the Lon
don and Northwestern railway made a
run of $40 miles in 53S minutes.
For the first week of August the
Western New York and Pennsylvania
Railway company reports gross earn
ings of ,3O0 a comparative decrease
of 5000.
The plant Of the Troy, N. V. Steel
and Iron company was sold by auction
Thursday by the receivers. under an
order of court, to F.. s. Witherbee, of
Port Henry, on behalf of the reorgani-
cation committee representing the cred
itors and stockholders. for 100000.
The Schuylkill Electric railway has
entered into negotiations with the Phil
adelphia Construction company to en-
tend the railway lines six miles west
ward from its terminus at Mnarsvilie
Through the Hecherville Valley, a
densely settled district, to Taylorville.
also six miles south from Pottsville
tn 60 l-i
IN. Ares III the locomot YES of the Penn.
sylrarta railroad at Mt. Carmel are STATED
b. using coal slack and c'ude petroleum
instead of wood. 1t g claimed this plar
Will cost but seven or eight cents for each
fire. which is a large saving.
w. W. Patterson, David L.. and w L
Taylor. of Scranton. who have leased the
lands from the Reading company, near St
Clair upon which the Eagle collery was
erected, have begun the sinking of a shat,
to reach the Buck Mountain vein. The,
have entered into an agreement with tn,
Reading railroad to be ready on March
next and ITO ship at least 10000 tons of Goa,
per year exclusively over that company's
line
One Of the largest contracts for iron eve,
made in the Shenango valley has been con
summated. The Carnegie company has
agreed to take the entire output of the
Douglass and Sharpsville furnaces for tn,
next six months. The output of the two
furnaces will approximate l25,oo0 tons OF
iron.
Officials OF the bituminous coal road.
state that the present trouble has no bear
ing on tonnage. but Is n matter of rates
which are lower than for q long time pas I
especially on t!de-wa'ter business
The Phen'X Iron company has securet
the order for 1860 tons of structural ms
terial for the Rock Islands bridge: ther,
are other similar bridge contracts pend;ns
that may be closed at an early date.
1t Is reported that the receivers of tn,
Reading have at last expressed willing
nsss to submit the matter of percentage.
of anthracite coal tonnage to arbltraiio Tor
at the hands of experts. provided the al
lotment Of business among the. severa
carriers shall be based upon their demon
strated ability TO control and handle the
business as shown by what has been done
In the recent past.
A change Is expected IN the coal trade
shortly, owing to large orders which art
known to be pending. The president OF
one of the leading anthracite coal com
pan;es recently said: "There are distinct
the coal trade. Some companies have ad
vanced prices while others are more dis
posed than they have been to advance
This makes Il very sure that better price.
generally will soon rule"
The Pennsylvania railroad reports
that the quantity of coal and coke orhgi.
mating on and CARRIED over its lines easi
of Pttts'burg and Erie for THE year thus
FAR h,,s been 13,251,04S tons. compared
period OF 1894. an increase of 4,7S6, 49,
tons. of which 9.S4S,667 tons were coal
an increase OF zoos, ,595 tons, and 3.402,.
3S1 tons Of coke, an increase of 1,7SO,.
56S tons.