History of the Iron Ore Trade : The Cleveland Memory Project
Iron ore shipments had increased from 278,796 gross tons in 1866 to 2,518,693 gross tons in 1884. The number of vessels had increased but slightly, but the gross registered tonnage had increased about 50 per cent. The freight rate on iron ore, which had fluctuated from $3.00 to $6.00 per gross ton in 1866, had fallen to $1.35 per gross ton in ...