The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-05-02

Deficit t............................ s9976o1.62
The coal tonnage on the Lehigh and Susquehanna
Railroad, and Lehgh Canal compared with that OF
2,ils,1si tons Distributed as follows:-Deivered
east OF Mauch Chunk, by railroad, In lslO 1l2O,S6O
tons; delivered east of Mauch Chunk, by canal,
Chunk, 49, ,425 tons; delivered to connecting lines In
Wyoming Valley, 1S4,2s7 tons; making total Of
The production of the company's mines in 1870
was ass 272 tons; in 1869 it was 563, ,s14 tons.
The past wear has been one OF the most uusatis-
factory in the experience Of the company since the
disasters Of 1862. our pronts are dependent almost
entirely on the general condition Of the trade
which daring last year was unremunerative to
nearly every company and operator engaged in IT,
With low rates on the talroso, frequent breaks IN
the canal during the spring, and six months suspeu-
sion at our mnes we find full reason for the small
amount OF our net receipts.
RAILROAD.
The amount OF coal transported by the railroad
shows an increase of ,264 tons the previous
year. or after deducting deliveries to the canal and
to points and railroads above Mauch Chunk, the in
crease was 1856 791 tons While the gross receipts
derived from all Of the traffic of the roads were
larger by 917-1Oe per cent than in 1869, the ex-
penses were increased ls19 per cent, and the net
earnings, after deductlng taxes aud half of the
general expenses were $734 651OO or S3 $40 per
cent of the gross receipts, against Ss12 SO2 94-f0O
or s9K per cent in 1869, which difference is &C,
counted for by the charge coal being 81 '65 per
per mile in iSiO against cents IN ISSs while the
The low rate was caused by the low prices prevail
ing for coal at New York tide to which point we
The auction sales OF Scranton coal averaged s4.52
from April 1st to December 1st, ranging between
e4'l4 and s4'TT. The coal from the Wyoming region,
while realizing somewhat higher prices, huctuated
to nearly the same extent.
CANALS
The Delaware Division Canal was not ready for
business until the 10th OF April and the freshet two
DAYS later carried away portion Of the guard wall
at Easton and business was not resumed until the
10th of May. Again, on the 18th OF May break in
terrupted business for two weeks, so that until after
the 9th of May the company derived no considera-
BILE revenue from its canals, and when freshets
ceased to trouble u.s. the amount of coal offered fell
far short of means of transportation, as
miners had not then resumed work. No further
freshets interrupted business until the 18th of
August and the canals were open again on the goth
The amount of coal transported on the canals was
7S9 Ill TONS giving small amount OF net earnings
after paying the expenses OF repairs, renewals 0pe-
The items of expense and rent are not materially
increased by a large business over what they are
when the tonnage is small, and the net revenue de-
rived from the canals in ordinary seasons is the
amount Of tolls collected on the coal transported IN
excess OF $4,000 or 100000 tons. AS that excess
was small last year, the net revenue wGs also
With the company's mines at work during an en-
tire season, and with connections now made with
the various coal fields, there should be from
HOO 600 to 900 tons transported on the canals
and this can be done without an increase in the
Both canals are in good condition, considerable
expenditures having been made during the year to
strengthen and protect them at various points
COAL.
The SUSPENSION OF labor at our Lehigh mines on
February 18th, referred to in the supplementary
port submitted last year. was followed by susp PEN
sion at our Newport mines the miners there acting
in concert with those at Summit HILL Work was re-
sumed at both places on the 10th OF August, the de-
mands OF the company having been acceded to.
Daring the suspension the amount of money paid
out for the necessary labor and other expenses
nected with our mining interest was sl6S 1892, which
represents but small portion OF the loss to the
assumed in this contest was not determined
upon by the managers until after fun de!ib-
II the demands Of the men were yielded
to it would be followed by demands from other
branches OF the service and seriously emb the
future operations OF the company so that notwlth-
standing the prospect OF serious loss from long
suspension it was thought better to suspend opera
tions for the year, If necessary, than TO fasten
policy upon the company which would subject Its
property 10 the demands OF others, and result 10 the
employment Of its whole capital solely for the bene-
ht Of hostile ORGANIZATIONS.
NEsQUEHoNING VALLEY RAILROAD.
This road was delivered to US early in May, and
passenger and freight trains were run in connec
tion with the Catawissa Railroad for the remalndeI
NJ the wear. A branch line into the Beaver Meadow
coal field has been constructed, and we expect II
transport large amount OF coal from that regior
during the coming season. Work upon the tunne
is progressing satisfactorlly
A supplementary report explanatory of some
portions of the first one, was read. Both were
adopted.
officers to serve for the ensuing year.
Presdent-E. w. Clark.
Managers-Francis r. Cope, Francis G. Var
nall, Fisher Hazard, Charles Parrish, George F
Tyler, Philip c. Garrett, Charles Wheeler
George Whitney, Alexander Biddle, John Lei
senring, and Samuel Thomas.
Adjourned.
A NEW CHRoMo.-Messrs. James s. Earle &
Sons have just received new chrome, published
by Prang of Boston, which will be an attractive