The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-01-19


Regions For year. For year. Difference.
Wyng. %. Slg 7il.0l 22,Slj,46O ID Incl 02A2s0W
Lehigh 6,SU23j202 6i5l 07t.O2 Inc 4iL2160O
Schyl.. l23I4iSlj l2,G61Si.R Dec, 2t0jlOU
Total 40 OS9 538 Is Al ,S93, ,&OlS Ic. 1885, 9lGOO
The opinion of the Philadelphia
Stockholder is that the Asa Packer
estate does not hold voting. g.control Of
the Lehigh Valley property, as hereto
fore supposed The way this decision
is figured out is as follows: The total
number of shares noted on Tuesday
was 83O 600 out of possible 800, 600
At the time of Mr. Packers death he
owned, it was said, $780, shares, or
about 10 per cent. Of the then out
standing capital stock. His will pro-
vided that in case there should be any
sllotments of stock the estate was to
take and to hold its proportion. Only
one allotment has been made
since his death-20 per cent
in 1888 - which, it is said,
increased the estates holdings by
about 3G. 600 shares, making a total Qt
these figures are correcO Of PIG, OOJ
shares 1t is possible, however, that
the estate has been purchaser in the
market at various times, and its total
holdings today may reach, in round
numbers, 225. 900 shares. If all these
were voted Tuesday, President Wilbur.
the Lindermauts, and other close
friends Of the management would APP
pear to have voted only about 10000
shares in addition,
A labored argument is put forth by
the Philadelphia Stakeholder in behalf
of lower anthracite circular than
that now in vogue, which is based on
prices realized last June. 1t argues
that severe cold weather is the only
factor that would render the present
policy successful Already the Stock
holder believes. it has operated to the
hardship of a number of industrial en-
terprises which use pea and buckwheat
sizes. A reduction of one-half in the
output has reduced the production of
those sizes to the minimum, and is
totally inadequate to meet trade de-
mands. Stocks of coal in the hands of
dealers are small, having been reduced
to the minimum. This is proved by
the advent Of cold day, which almost
invariably brings Il large number of
them into the market with orders for
quick delivery"
In the interest of economy. the
Reading railroad management is con-
sidering the advisability of making
wage disbursements directly through
the division superintendents, thus do
ing away with the services of a pay
master, paymaster's engine, car and
retinue Of assistants The saving. it Is
estimated, would be 81. 900 year.
Two railway movements Of interest
are thus chrOnicled in the Philadelphia
Times: The New Cumberland and
Pittsburg railroad, which will be built
through Beaver county, Pa. is designed
to link the Panhandle and the Fort
Wayne in yet another place on the big
system Of the Pennsylvania lines west
of Pittsburg. The advantages of such
a link for the transmission of freight
or travellers are incalculable. and es-
pecially 80 In case either the Fort
WAYNE or the Panhandle becomes
gorged with freight. The new line i:
an extension of the New Cumberland
branch of the Panhandle, which branch
rms through very rich portion oi
West Virginia. The Baltimore and
mberland Is an extension Of the West
Virginia and Pittsburg, and will form 8
connection with the Cumberland Val
ley railroad. Work on the line will
begin at all points where it can ad'
vantageously be done as soon as the
weather opens in the spring. Nsgotia'
tions for the right of way 10 West Vir
ginia have been closed up and agents
are at work in Maryland. The road
starts from Cumberland and joins the
Cumberland Valley line about two
miles from Hagsrstown, the distance
being about sixty miles
Tired of waiting for the coal trade
to take on better condition, the ranks
of the Hungarian and Polish laborsri
in the Schuylkill region are being
thinned out by many leaving in search
of work in other parts Of the region oil
going home.
In order to keep the amount OF coal
mined down to the figures agreed upon
for this month by the coal sales agents,
ell the Reading. Lehigh Valley and in
dividual collieries Of the Scbuylkil
region were shut down last night, t
remain closed until next Monday.
MINOR INDUSTRIAL GLlNTs:
The stock Of coal on hand ct tidewate
shipping points December 81, 1898, wa
i2S, sTs tons: on November 80, 1898, 72l
164 tons: increase, LIZA tons.
The Pennsylvania railroads new repai
shops at Pottsv!lle are finished.
The hearing of the Rice petition, asking
for an investigation Of Mr.. McLeod's trans
actions in Boston and Maine and Ney
England stocks, will begin on Monda,
next at II o'clock, at The office Of Specia
Master George l.. Crawford.
An instance showing the extent Of th
recent depression is cited at Sunbury
where, on the Northern Central division
Of the Pennsylvania railway system 81, 00
fewer freight cars passed a given point il
1898 than passed it one year before.
Reports from different mining district
in western Pennsylvania indicate that tn
miners have failed to obey the genera
strike order, and the greater number o
pits are working. In the third and secont
pools the diggers, who agreed to worl
Wednesday at the 2H-cent rate are ye
loating
1t is generally believed that Presiden
Sloan will be able to maintain his hold OF
! Lackawanna AT the coming election. 1t il