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Newspaper
Scranton Tribune
Location
Scranton, Pennsylvania, United States of America
Date
Oct 04, 1895
Page
6
In a New York street drama Constance recognizes John Burroughs amid a high rise construction scene. A daredevil beam hoist ends with Burroughs leaping to a platform as a doomed beam breaks free and crashes into the street.
Happenings in steel and anthracite coal trade show Til linois Steel Co may resume dividends by February. Soft coal prices rise 25 cents wholesale and 60 cents retail with broadly higher bituminous coal. Western New York and Pennsylvania earnings fall to 62000 in the third week of September. John’s colliery at St Clair sees lumber framing for a new breaker and hoisting engines being installed to revive idle shaft operations. A New York dispatch notes anticipated coal price increases and a new circular price system. Columbus, Hocking Valley and Toledo rail shipments of coal rise, with Sept 27 marking the line’s second largest coal hauling day. Monroe County prospector borings begin for coal or oil. Scranton firms report potential finds and leases. Jay Gould noted for asserting coal or oil abundance in Monroe County. Standard Oil buys land in Pike County near Monroe.
Central Railroad of New Jersey reports eight months of rising net earnings despite a depressed economy, coal prices hitting low points boosting profits. Engineers test electric locomotives for Baltimore and Ohio tunnels with two more engines due by November. A Chicago summary notes electric and surface traffic in major cities with high passenger totals and rising urban rail use.
The New York market favored industrials with Tennessee Coal and Iron rising to 45% and other rails showing firm undertones. Mixed sessions across sugar distillers and grains were reported with overall prices near unchanged, while specialities advanced about 1 2 percent.
Chicago stock market notes 1200 head of cattle and calves traded with prices steady to higher. Receipts about 15,000 head including feeders and cows. Trades featured common to extra grade cattle with calves and buyers active, prices in the 5.50 to 6.50 range for select classes.
Livestock prices show mixed receipts with sheep and lamb markets mostly dull. Hog and cattle quotes slip, while Canada lambs and western bids firm slightly on strong volumes. Tallow market in Philadelphia remains firm with steady demand.
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