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Updated: August 14, 2026
'The boom in black iron has already affected the eastern markets, where our agents have been forcing down the English-held stock among the smaller buyers who watch the turn of shares. Any immediate operations, such as western bears, would increase their willingness to unload. This, however, cannot be expected till they see clearly that foreign iron- masters are witting to co-operate.
That epistle to the heathen contained some very concise directions from the First Three in New York. It said "The boom in black iron has already affected the eastern markets, where our agents have been forcing down the English-held stock among the smaller buyers who watch the turn of shares. Any immediate operations, such as western bears, would increase their willingness to unload.
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