New-York tribune., 1879-10-27
BUSINESS INTERESTS.

4 GREAT RAILROAD RAISES WAGES.
TnE PHILADELPHIA AND RrADTSG COMPANY raisys
Tnr PgICa or CoAL AND THE PAY OF If. NV
CONCURETSTLY-THE COAL AND IRON cONcypx
INCLUDED.
PHILADELPHIA, Oct. 26.-The president and
man gers Of the IAi!ade.p pha and Reading Railroad
Company have addressed circular to their men and 70
those employed by the Coal and Iron Company.
They say that taey had hoped ere his to have been
able % announce AN advance OF wages. cOnseqneut
upon an advance In the prce Of coal Bat the Ieneh
Valley Company has failed 10 assent TO any plan OF
united action. Coat might have advanced 81 ton
on the lst Of September, but the Lehgh Valley contn
ues 10 carry coal a. low rates IN spite Of the wiling.
OF all the other companies TO uno m an advsnoa
The president and managers also say that tine Delaware
and Hudson Coal Company. which coal mines IN
the Wyoming, and a line OF transportation leading
thence to tbe Hudson River. has been several weeks
dvcrug Of ii- coal from iis canal and send
ing 1t by the Lehi-h and susquehanna Railroad and
the canal Of the Lebch Coal ana Navigation Company
to Philadelphia. and There mliutaniug price for 10
fully II below the marEet valueithough by doing
It loses the transportation upon It's own line, ana Iea
ICES fully 30 per less than could De obtained
for the coal itself
The circular says that in consequence Of these low
rates S2jOOO0 COO OF capital has been receiving
Turn. and 100000 men have been deprived OF a..
vance OF wages. IL continues:
Everything but coal has been rapidly increased IA
price aud must be admitted hs the most skcpii.
cal that there ONeI-pTOluctun. The failure OF TIE
coal 20 participate m the genera prosperity ~ tD0
country can ouy Doc attributed 10 the persistent Ell Ts
Ia keep down prices Dy those whose official posf -
alone should have afforded assurance that hey wound
have been earne-t advocates for air prices IL ls
tam tnst nad Tie cooperation OF all the COMPANIES
been secured at any mc during the present year fly
II per coal or r2J.OuO 900 increased earnings.
could been TealZ, by thc trade, greater portion
or Wn.ch would have been distributed interest AMI
div dcuds upon capital aud ased WAGES iO lanur.
IL D. IoltuI e however tor all interested M the tfaGB
that the market las reached rlch condition At
WHO desire 10 advance prices can safely 10 20
whether the others follow urno and on tue r-t % W.
vciuD,r The PhafcpuIa and Readi Coal ana Iron Con-
pauy VIII make advance of the prices r cca. aud t'
PnadcipuIa sud Reading Raj Ioad Company vii t4-
ynrc fs tolls ten csuts per ton r ScIuylll Haven
To Phadelph maang the rate 81 - per ton trusting
that the other companies carrying 10 Philadelphia Vii
follow tine advance, Dut confident tLnt whether lLct
company dispose Of MS entire tonnage u
the higher prices.
Ihi- advance % 10 ceuts per ton will raise TO
imum wh rh 20 ems tle vases Oi The emp 'f- n
Coal and Iron Company ilOm II 10 only ptr cess
below uas-, auu tAc wages Oi toe employ q oi t-r
railroad company for the month of November WE'D ie
advanced pr cent ana m the iuturc Tor every ie-
vance 10 cents Ou tAc rates oI Toll. ana trtnrlUi
ton from -ciut.ki Haven TO Philadelphia between
- 50 ana -, nn additional advance ~ ler cent VII
10. wages vi the employ 6 ~ tine rsiIo4j
tft.l f