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Story
August 4, 1899
The Kanabec County Times
Kanabec County, Minnesota
What is this article about?
M. A. Hanna & Co., led by Ohio Senator Hanna, sells iron mining properties in Michigan and lake vessel fleets worth millions to the National Steel Company, retiring from mining and transportation. Negotiations ongoing for coal properties in Pittsburgh.
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HANNA SELLS OUT.
The Ohio Senator Disposes of Valuable Properties to the National Steel Company.
Cleveland, O., July 28. - A big transaction involving the transfer of property worth several millions of dollars from M. A. Hanna & Co. to the National Steel company, was consummated Thursday. The sale, according to the best information obtainable, includes the iron mining property of M. A. Hanna & Co., in Michigan, as well as its fleet of vessels on the lakes. The list of the property is as follows: The famous Chapin mine, at Iron Mountain, Mich.; the lands of the Winthrop Iron company, of Ishpeming, Mich., including 160 acres of mining land; the Mutual Transportation company's fleet, which includes the steamers Coralia, Corsica, Corona and Cambria, and the Menominee Transportation company's boats, which are the steamers Grecian, Roman, German, Saxon and Britain.
This transaction, which is one of the largest of recent years, means that M. A. Hanna & Co. are to retire from the mining and transportation business.
It is also known that the firm is negotiating for the sale of its coal mining property in the Pittsburgh district to the recently formed soft coal trust.
The Ohio Senator Disposes of Valuable Properties to the National Steel Company.
Cleveland, O., July 28. - A big transaction involving the transfer of property worth several millions of dollars from M. A. Hanna & Co. to the National Steel company, was consummated Thursday. The sale, according to the best information obtainable, includes the iron mining property of M. A. Hanna & Co., in Michigan, as well as its fleet of vessels on the lakes. The list of the property is as follows: The famous Chapin mine, at Iron Mountain, Mich.; the lands of the Winthrop Iron company, of Ishpeming, Mich., including 160 acres of mining land; the Mutual Transportation company's fleet, which includes the steamers Coralia, Corsica, Corona and Cambria, and the Menominee Transportation company's boats, which are the steamers Grecian, Roman, German, Saxon and Britain.
This transaction, which is one of the largest of recent years, means that M. A. Hanna & Co. are to retire from the mining and transportation business.
It is also known that the firm is negotiating for the sale of its coal mining property in the Pittsburgh district to the recently formed soft coal trust.
What sub-type of article is it?
Historical Event
What themes does it cover?
Fortune Reversal
What keywords are associated?
Hanna Sale
National Steel
Iron Mines
Vessel Fleet
Business Retirement
Coal Properties
What entities or persons were involved?
M. A. Hanna & Co.
National Steel Company
Where did it happen?
Cleveland, O.; Michigan; Pittsburgh District
Story Details
Key Persons
M. A. Hanna & Co.
National Steel Company
Location
Cleveland, O.; Michigan; Pittsburgh District
Event Date
July 28
Story Details
M. A. Hanna & Co. sells Michigan iron mines including Chapin and Winthrop properties, plus fleets of steamers from Mutual and Menominee Transportation companies, to National Steel Company for millions, retiring from mining and transportation; negotiating sale of Pittsburgh coal properties.