The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-07-30
news OF OUR Industries
Happenings Of Interest to tho Staple
In Iron, Steel and Anthracite Coal.

The Glasgow Iron company at Potts
town has advanced the wages Of its
puddlers from $3.50 to $2.75 per ton,
making the second advance within sew
eral weeks.
Every department Of the works of the
Pennsylvania Steel works was run to
its full capacity last week and heavy
orders are being booked. The Besse-
mer department was on rail steel and
| made an average output. The OPEN
hearth department continues very
| busy, and the output for the week was
heavy.
the Pennsylvania railroad has placed
| another order for box cars to be de-
livered during August and September
The Ohio Falls Car Manufacturing
make 300, and the st. Charles Car com
pany. Of st. Charles. Mo-, 200 cars.
These cars will have National hollow
| brakebeams. Winslow roofs and Wag-
| nor doors.
| Never In the history of the coal trade
has there been so much coal collected
in one port as can be found in the pools
OF the Monongahela river at present.
1t is estimated that from $4,000, 900 to
900 bushels are awaiting shipment
south. and about fifty steamers and
thousands of rivermen are idle because
of the low stage of water. Since last
| April, when the last freshet occurred,
there has been no approach to boating
stage.
| A contract for forty-five more miles
OF the Pitsburg and Eastern road has
been let. The road Is an Independent
corporation. and its plans contemplate
a line from Mehaffey, on the Beech
Creek road, to Pitsburg, making con-
nection with the Boston and Ohio. The
main line of branches comprise about
$50 miles of road. and its object is to
open up the undeveloped parts of In
diana, Westmoreland and Cambria
counties. Vice President s. II. Hicks
says that the road will be completed to
Salisbury before next winter.
| Coal sold in the New York market
last week at $2.75 per ton (. o. b. on a
basis of stove. This was the open price.
Sales have been made at $2.65. The
| first quoted price Is the market. and is
the lowest market price known. Coal
went lower than that figure in the auc-
tlon sales in 1877. but was not estab-
lshed at the minimum figure. Lacka-
wanna has not made any report of
mining operations for two weeks. The
only condition which is saving the trade
is restriction. Unless there is a change
for the better shortly buyers will begin
to take fall and winter stocks at cur
rent figures. A well-posted coal opera
tor says that a majority of the coal
companies are not keeping up their
dead work. The point will be reached
where great deal Of money will have
to be spent on unproductive work
| The most interesting event OF last
week in the industrial world was the
large purchase of pig iron, 100, 900 tons,
by the Carnegies and other interests. 1t
is said that very large orders for steel
rails are in the market, and that the
purchases of iron were made in connec-
ton with them. The demand for iron
to fill the vacuum created during the
last year Is now at its height. The APP
parent consumption of iron during the
first half of this year was 4.22S, ,296 tons,
as compared with 2,S49,435 tons In the
same period Of 1894, and the price is at
least 81 per ton higher for pig and 20
per cent. higher for all kinds of iron
and steel. The largest consumption Of
iron in the first six months of any year
was 4,62l ,O61 tons in 1892. 1t is expe".e Ell
that the large Pittsburg purchases vii!
give the autumn and winter trade a
good start.