The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-08-29
GENERAL NEWS
OF INDUSTRIES

The statement OF the business Of the
Reading Railroad company for the
month OF July shows: Gross receipts,
$l,IY 0l4.O %; gross expenses. $685.
0O0.6S leaving profit in operating of
$79S,Ol3 30; net receipts from other
sources. 800, 1894 making the profit
for the month 1858, 1872 so. From this,
however, the following deductions are
made: Equipment payments, $11S.-
6I9.Sl terminal trasksgs. $50, 900; one
twelfth of current years fixed charges
(estimated), $705 900. making total
charges Of 1878. 579.71 and leaving de-
felt for the month of SEQ. 1856 49, For the
corresponding period of last year the
deficit was $6l ,599. 15 The deficit
for the current year to date is
Sl,216,650 so, an increase Of $133.-
OO771 as compared with the
same period in 1893 The statement of
the business Of the Reading Coal and
Iron company for the month OF July
shows gross receipts. 81, 639, ,07499;
gross expenses (made mp as follows,
operating expenses. 81, ,422. 762 23: col
liery improvements, $50, GAG. 80; expen-
ditures for permanent Improvements,
81. 17O.S1) 81, 4S9. 57s 81, leaving profit
from mining of $3.50 1906 10. From this
is deducted $122. 2O9. 30 as one.twelfth
of the current years fixed charges,
thus leaving surplus Of $2S OS6 SO for
the month. For the corresponding
month last year the deficit was $16,-
295 Al. The deficit for the current year
to date is 1924, 256 SO. an increase as
compared with the corresponding pc
riod in 1893 Of $1O1, III rs.
Statement of the business Of all lines
of the Pennsylvania Railroad company:
All lines east of Pittsburg and Erie for
July, 1894, as compared with the same
month in 1893. show q decrease In
gross earnings OF 1892, 722 "a; a de-
crease in expenses Of $671, 03l. %; de-
crease in net earnings of $l21, 600 81.
The seven months OF 1894 as compared
with the same period OF 1898 shows a
decrease in gross earnings Of $S,429,-
962 65; decrease in expenses OF SO, 343.-
523 So; decrease in net earnings Of
S2,0S6, 43S n. All lines west Of Pitts
burg and Erie for July, 1894, as com-
pared with the same month in 1898,
show decrease In gross earnings Of
$609. 22S %, a decrease In expenses of
S5S3 500 10, a decrease in net earnings
OF $24, 403 06. The seven months OF
1894 as compared with the same period
of 1898 show decrease in gross earn
ings of 81, ,251, 442 80, a decrease in ex-
penses OF SO, 494 793 81. decrease in
net earnings of 81, 756, GAS 49,
The Philadelphia Inquirer quotes the
general superintendent of one of the
biggest of the producing companies" as
saying: "The anthracite coal trade is
in an exceedingly critical condition. 1t
looks as though the trade would fall to
pieces owing to the great oyerproduc.
tion during the months of June aud
July, The stocks are so large and de-
mand is so light that nothing short of
almost total restriction can save the
situation. The soft coal strike i'm
proved the demand at the beginning Of
June, but the production has been en-.
tirely disproportionate to the wants OF
the trade since. Stocks at the several
shipping points are enormous and
dealers are stocked up. At Chicago
and other western points we have a
supply which we fear is greatly in ex-
cess OF our needs, and is there solely
because we must reach the west while
navigation is open. Western demand
is entirely for domestic purposes, and
the farmers who formerly burned
anthracite now burn wood. Many
burn twisted hay in stoves espe.
cially constructed for that purpose.
Fully so per cent. of the anthracite
mined is for domestic use, aud hard
times seriously affect the trade. Peo
pie use one stove instead of two and
sift the ashes. This phase is very
serious one and 1t is being felt. No
immediate encouragement is to be OBJ.
tanned from the operation of the new
tariff act, even though industries start
up, for soft coal is used for manufac.
turing purposes. or course, If money
should become plentiful more coal
will be used in the households, and we
will benefit later on. So far this month
our collieries have not worked more
than sixty hours, and it will not be
possible to do any better during Sep
tember Should there be any attempt
to operate extensively prices will break
and the trade will be in chaotic
state, and there is no knowing where
the end will be. Mind you, l am not
saying that this will happen, but it
looks very critical. We are hopeful
that all the producers will see the ab-
s6n9te necessity for restriction, aud
the b matters may right themselves.
as The Atlantic Coast lines special,
whisS left Jacksonville Monday with
Florida Knights of Pythiss, at 4 30 p.
M, Eastern time, and arrived in WASH
ingts\p at 8 90 a. m. yesterday, made
the rdp Of 780 miles, after deducting
stoppages. in $50 minutes, an average
speed for the entire distance of 55t
miles pei hour. The quickest time was
made Oh the Northeastern road from
Charleston to Florence, distance of
96 miles, in 93 minutes.
MINOR INDUSTRIAL NOTES;
The Enterprise Hosiery company, of
Hollidaysburg, resumed operations Mon
day after nine months dleness.
The work of grading for Van Wickle's
new railroad is about completed, and the
laying Of the tracks will begin today.
The Valentine Iron company, at Belle
fonte, started their furnaces Monday after
several months idleness. Employment
has been given again to large number of
workmen.
Coke Bros. & Co. have at last succeeded
in taking the body of water from No. 2
slope. Work is progressing rapidly tow
ard putting 1t in shape for coal mining.
The manways and mule way are all re-
paired.
Since the blunt in the coal trade as high
as twenty-five and thirty cars have been
condemned daily at some of the South
Side collieries, near Hazleton. In order to
2 prepare this coal in manner to suit the
dull market 1t has been necessary to put
it through the breakers second time.
Railway officials in the east are very
much interested in the anullment pro-
ceedings brought by the attorney general
Al.