The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-07-12

Delaware and Hudson. lU.6o
PENNSYLVANIA Railroad. ............. IU.f)
Pennsylvania Coal. al...........,....... 4.ei
Erie .....,, ,,......,''.'''''''''' i''f
Total l..,..,.......,.....,... .lOV'OO
Since this Gpportionmsnt was made
the Ontario and Western has reached
the coal fields by an independent route,
and is entitled to share in the comoi-
nation. Coke Bros Il Co. have built a
railroad and made such favorable
traffic contract with the Lehigh Valley
as to place it on an independent footing
and the New York, Susquehanna ana
Western has extended its line from
Stroudsburg to Wilkes Barre. and also
has au independent line. These three
concerns produce about per cent Of
the output. They are fully recognized
in the trade, aud are represented aE the
sales agents meeting. Philadelphia
Inquirer.
While the earnings Of the steam rail-
roads continue to show mp poorly those
Of the street railway companies are
making gains, as compared with the
CORES pondirg months last year. 1t is
this fact which has attracted the at
tention of spectators and investors
alike to this class Of securities within
the past twelve or eighteen months,
and while trading in them has not
been carried on TO any very great ex-
tent. except in a few instances, there
is littls doubt that the near future will
iiud them among the active leaders OF
the stock Exchanges OF this country,
especially of the boards outside OF New
York. They have already come to the
front in Philadelphia, Baltimore, Pitts
burg and Chicago and interest is being
aroused in them on the Boston ex-
change but New York, 50 far, has
held aloot from them.
Less than u 900 tons OF freight of all
kiuds was sent east for the week ended
last, Thursday night. Oie must 90
back thirty years OF more to find
week when the eastbound shipments
were so small. The corresponding week
year ago over Al 900 tons wers for
warded, the amount being the lowest
on record for corresponding week
since the railroads have competed for
business.
Negotiations are pending between
tho MaDhattan Elevated and the Cen
eral Electric companies for plant to
take the place of steam on the formers
New York system. They nave reached
that stage where the engiusers OF both
companies have exchanged spsciica-
tions and estimates 1t is lid the pro-
ject has been arrested temporarily by
what the Manhattan regard as an eX-
cessive cost. Tha detailed estimltes
figure that IS. 600. coo will be required
A first mortgage securing the ISSUE
y $50 900 900 of 4)-yelr Il per cent.
terminal gold to4ds, MADE by the
B.lt!more and Ohio Railroad company
30 the Mercantile Trust company, of
New York, e5 trustee. has been filed in
various placss, including Pniladelphia
and Baltimore This covers the pres
ent issue Of u.s. 800 QUO in bonds. re-
Gently p!a2el IN Luaon. and an sd-
ditioual loan o! 81. 500, 900 10 be issued
from tins 70 time, as tae com Dany may
desire, on new property and improve
menis.
, \ new departure has been inaugur.
ated at the Erie station in Port Jervis.
BY, placing plainly marked sign cards
mounted Oh heavy iron standards Op-
posite each passenger train announcing
its destination. The standards upon
which these signs are mounted are the
invention of Trainmaster Frank Hard
enLerg, and have two advantages over
the ordinary contrivAncss for the pur.
pose, They are heavy enough to resist
the wind, and having circular bot
tom, Can be rolled from position to an
other with very little trouble.
MINOR INDUSTRIAL NOTES:
The highest price on Pullman stock last
month was les, and IN May l72 The low
est yesterday was l52
The Sheldon axle works of Wilkes Barre,
the largest plant of the kind in the world,
has suspended operations.
Work of rebuilding the Jersey City stock
yards will be pushed ahead by the Penn
sylvania road, The cost has been esti-
mated at $4,000.
The railroads in this State are rushin Z
orders on soft coal, in anticipation OF a
possible miners strike in sympathy with
the railroad strike.
Managers Of Illinois and Indiana lines
report an extraordinary demand for cars
for loading wheat. They expect the far.
mers to sell their crops earlier than usual
this year.
The General Managers association which
was formed for the purpose OF fighting the
American Railway union, carries on its
correspondence In secret cipher known
only to thirty men.
General Manager Egan, of the General
Managers association, reports that nearly
all vacancies created by the strike have
been filled, and that ten men for every va.
cancy could be secured
Ground was broken yesterday for Ha-
zleton's new industry-the match factory
The building will be l26 feet long 63 feet
wide and two stories high 1t will DO built
Of brick. The plant will cost S6O,0OO.
A company proposes to dig for gold at
Budd's Lake, Monroe county. An a9alvsia
Of ore and dirt has shown 500 of gold Ia
the ton, and search will begin this week.
Gold was discovered there a0ont two years
ago, and it took the meantime TO raise
enough funds to get at work.
The Tamaqua-Lansford Electric Rail
road company began building an electric
railway from Tamaqua to Lansford on
Thursday morning with force Of over lOC
men. Another company made up Of Phil
adelphia capitalists, wishes TO go over the
same route, which means trouble.
The bituminous coal trade is gradually
resuming its normal condition. Now thai
the miners in the Cumberland region and
anumber In the Central Pennsylvania dis
trict have resumed work the soft coal mar.
ket Is getting easier, and the supplies ol
coal are coming forward Ia faiS volume
The Lehigh Valley railroad will probably
secure possession, under decree of fore
closure, of the Southern Central railroad
which recently confessed its insolvency
Thomas 9. Platt, its receiver, has ap-
pointed the Lshigh Valley his agent and