The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-09-24
dtnERAL NEWS
OF INDUSTRIES

enrlnB IN the presidency OF the Lenlgn
Coal and Navigation company is re-
ceiving discussion. Mr.. Leisenring, 1t
will be recalled, succeeded Joseph s.
Harris, now president of the Reading.
The vacancy naturally suggests
thoughts as to who will be called upon
TO fill it. The board Of managers Of
the company comprises Edward w.
Clark, Francis r. Cope, Charles Par.
rsh. James NJ. Wilcox, Edward n.
Lewis, Samuel Dickson, Thomas Nc.
Kean, Edward s. Buckley. Abrsm s.
Hewitt and Charlemange Tower, jr.,
and it is probable that one Of these will
be elected to the presidency. The
Philadelphia Stakeholder intimates
that possibly however. Mr. Harris,
who is understood to be physically
breaking down under the great burdens
that devolve upon the Readings chief
executive. may be induced to return to
his old post.
The Philadelphia Inquirer takes this
view OF the anthracite situation: THE
only question in the anthracite coal
trade now Is whether next years busi-
ness can be saved; this years trade is
irretrievably ruined. In the month Of
October, November and December the
market will probably require less than
10000, 600 tons, There is now above
ground Mt various stocking points fully
3,OOO, 900 tons and after allowing for q
fair working stock to be carried over
the utmost that need he mined in the
last quarter Of the year is s, 900, 900 tons.
In the same months last year II 1867, 900
tons were produced. TO get the trade
into good shape at the end Of the year
would require persistent and regular
restriction to the extent of 33 per cent.
OF last years product, desirable con-
diIion that is by no means likely to be
brought about There is q strong pros.
pect. therefore, that next spring will
open with enormous stocks Of coal on
hand and with prices fully as low as
those now ruling"
The Inquirer is probably a shade too
gloomy, The present disposition of
the leading factors in the trade is
favorable to reeolute and honest eur
tailmsnt pending the wiping out of ac.
cumulated stocks, while break may
occur again as it has often occurred in
the past, it is believed that the self
interest of the large coal and carrier
companies will prevent a continuance
OF the road to ruin" policy of the past
few months. The fact that these com.
panies are beginning to see the facts as
they are is hopeful augury.
"There is a disposition, says Saward,
ION the part Of some of the producers
of anthracite to befog the vital ques.
tion with outside issues as to the pro-
per percentages Of this or that inter-
est; they will talk about such matters
when the main issue is and must be,
how are they to widen the area of the
consumption Of this fuel for domestic
purposes2 The insanity of certain of
the leaders of opinion on the matter of
demand from former soft coal users,
surely is responsible in large degree
for the utterly depressed condition of
this trade at the present time Events
prove what anyone we'll acquainted
with the trade might have known they
Nld prove, that there was but very
- in all the gossip as to a shortage
OF fuel that could only be filled by
shipping anthracite. The tonnage had
been kept fairly well in hand up to the
lst OF June and there seemed a posi-
bility Of getting the schedule price,
but with tine immense tonnage done in
June and July this possibility ceased to
exist and the effort to stem the tide by
issuing price.list was as futile as it
was absurd in the conditions then en-
vironing the trade"
The No. breaker at Silver Brook
will De abandoned after Oct 1. 1t is
almost year ago since the main slope
was condemned. but since that time
the colliery has been preparing equally
as much coal as when the mines were
in full swing This coal is said to be
Of the finest quality tina. enters the
anthracite market, and has been mined
from strippings OF capacious depth as
vel fas tho No, slope, which daily
Preduces almost 100 cars. However,
the Indefinite suspension of this col
lery will have little effect on the EN-.
ployes 1t is the aim of the company
10 transmit oil the coal that has been
formerly prepared at this colliery to
No. by route Of haw lokie road
which is being built between the two
collieries to forma connecting link.
This intimates that No. 9 collisry
Will have to prepare 250 cars day
moro than was its usual custom. This
will be accomplished by the new pom
derous addition to the breaker, with
its expedient mechanical devices being
put in operation. The breaker is now
double its original size, and a trip
through it. says the Hazleton Stand
ard, would convince the best expert
that the mechanical equipments are up
to perfection, but for it to prepare
satisfactorily all the coal mined in all
the strippings and slopes remains to be
seen, There will be scarcely any men
thrown out Of employment, The en-
y loyss on and about No. 1 will be re-
pved to No, 2, and only few outside
borers will be sacrificed. To COM
hunicate with the new lokie road by
ne shortest possible route from No. 5
lope a trestle will be erected over the
No. stripping for distance Of 1000
Aest. Inc preparations for the new
system are extensive, and are being
vigorously pushed,
MINOR INDUSTRIAL NOTES:
The Cambria Iron company has declared
its usual dividend of two per cent.
The Brooklyn coal dealers have come to,
an agreement, and will advance prices.
Railroad officials at Chicago have been
unable to form Trans-C Continental Pas
senger association.
1t is reported that D. W. Caldwell will
become president of both the Lake Shore
and Nickel Plate roads.
The Wabash earned in the second week
of September 1925. 507, decrease as com.
pared with the same week in 1898 Of
$53, l25.
The New York and New England rail-
road company has contracted with the
Rhode Island Locomotive works for sew.