The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-05-04
GENERAL NEWS
OF INDUSTRIES

w - ~ ~ Viz ~
The Lehigh Vail y Railro d dcompany
has made general reduction on an
thracite freight rates from the mines
TO Perth Amboy and various other
points. The reduction amounts to 90
cents ton and applies 10 prepared
sizes of coal. The rate on pea coal
after May 10, will only he 10 cents less
than on the prepared sizes, instead Of
80 cents less as it IL now. The reduc-
tion amOuuts to 20 cents per ton in
most instances, but on shipments to
certain points from to Is cents only
will be taken off the present rate
Thus on shipments from the mines TO
points on the Morris Canal the rate at
present ranges from 81 GO to 81 s. per
ton. according TO locality, while the
new schedule will be 81 jOa1 Gj per ton
On shipments from the mines to points
on the Staten Island Rapid Transit
railroad, and to points reached via the
Jersey City terminal aud float, the
tolls will be lowered from Sl 90 to 81 50.
q direct cut Of % cents per ton. The
same cut is made in the rate from
the mines 10 points on the Easton *
Amtoy, and on coal to be shipped from
Perth Amhoy, which is reduced from
$40 to 81 50 per ton. This reduction
will give Perth Amboy the advantage
over Port Richmond as point OF ship
ment. and 10 is not unlikely that the
Reading company will DO forcel TO
lower its tolls TO conform with those
just announced by the Lehigh Valley
CommeUtng upon this reduction the
Philadelphia Record says: Aside from
its effect upon the general coal market,
this reduction in rates will givs Perth
Amboy an advantage over Port Rich
inond as a shipping point, unless, as il
likely, the Reading Railroad company
shall meet the cut by corresponding
decrease in tolls. II competition bs the
life Of the coal trade there should be a
marked increase OF animation In the
anthracite field, Independent OF any
gain which may inure to it from the
restriction Of the bituminous output
Announcement ia made that the Ls-
nigh Valley Railroad company ha
agreed 20 submit TO arbitration it,
claim for an increased percentages ir .
the trunk line passenger pool out OF
New York The Lehigh Valley now
has per cent. ot the Chicago business,
quota allotted TO it before it had built
line across New York state. The
management now thinks IL per cent
would not be excessive, but j; is un-
derstoOd would not BE- refused. In
railroad circles, however. it is doubted
whether II gets much over The
New York Central and Pennsylvania
now get about so per cent. OF the bus
iness, which leaves but % per cant. to
be divided between the Lshigh Valley.
Erie Lackawanna. West Shore, Balti-
more and Ohio aud Ontario and West
ern Although the two frst'roads charge
500 and the others are allowed to charge
less-eyen as low ~ $l1-the bulk Of
the business drifts to the stronger
routes.
The board Of directors Of the Penn
sylvanis Railroad company havs de-
cared semi annual dividend OF ..
per cent payable in cash on and after
May 81
The Baltimore and Ohio Railroad
company and number Of other cor
porsiions have found a new coal sup.
ply. 1t is from the mines Of the Up
per Monongahela, principally between
Morgantown and Fairmount The
State Line road is blocked with coal
trains All the firms liable TO rua
short Of coal because OF the strike are
filing orders with West Virginia COM
panies for supply. The Baltimore
aud Ohio company igot the new line
finished just in time, and is now strik-
ing it rich.
A new Reading re organization com.
nittee has been formed, consisting of
i. p. Olcott, chairman; Thomas Denny,
Adrian Iseline, jr., j. Kennedy, Tod
and Henry Burge The new COMMITTEES
Is said to present more particularly the
general mortgage bondholders who
claims that the company earns the in.
terest on the mortgage and should not
be asked to make concessions
TRIED AND TRUE is the verdict OF people
who take Hoods Sarsaparila. The good
effects Of each medicine are soon felt in
nerve strength restored, appetite created
and health given.
HooDs PILLS do not weaken, but aid
digestion and tone the stomach. Try
them. -