The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-12-15
INDUSTRIAL TOPICS.

The monster Maxwell breaker at
Ashley will get its first grist Of coal
next Thursday.
The Dominion Coal company has de-
clared its regular semi-annual pre-
ferred stock dividend Of per cent. pay
able Jan. l, transfer books closing Dec.
10 and re-opening Jan. l.
Superintendent Carl Mckinney last
week told the Lebanon Report that
No. 2 Colebrook furnace, now under
going repairs, would blow in about
Feb. /.
The Delaware and Hudson in the
month of November earned Is of l per
cent. on its stock. From figures made
up to date, including estimates, 1t Is
considered certain by the management
that the regular dividend will be more
than earned this year.
The other night, near Montana. In
Schuylkill county, the old Reno breaker,
familiarly known as the RED Tavern" "
was destroyed by fire. 1t had not been
in use for a number of years and the
loss was slight to its owners, the Nor
ris Ridge Coal company.
Superintendent laval, of the Le-
high and Wilkes-Barre Coal company,
Superintendent Chase, of the Lehigh
Valley Coal company, and officials rep
resenting the Reading Coal and Iron
company all deny the report that re-
stmction for the remainder of Decem-
ber would be ordered.
The fight against the Lehigh Valley
management is said by the Stakeholder
to be the outgrowth of the personal an
tagonism of John N. Hutchinson, and
later of the hostility Of Dick Bros. &
Co. The latters motive has yet to be
developed; the formers dates back over
long period Of years, probably since
ne retired as secretary and treasury OF
the company.
A dealhas been nconsummated whereby
the Crystal Oil company of Toledo has
been absorbed by the Sun Oil company
of Toledo and the Merriam & Morgan
Parafine company of Cleveland. 1t Is
understood that the Paragon Refining
company and the Craig Oil company
will also go into the combine, thus
making the strongest competitor the
Standard Oil company ever had
A paragraph under a Pittsburg date
says the impression there Is that the
Vanderbifts are preparing to complete
the Beach Creek railway to Pittsburg
That impression Is not confirmed by In.
quiries made in New York. The Beach
Creek railway is controlled by the
West Shore system and Is of very great
| importance to it, not only as feeder
| but as giving 1t an independent control
| Of coal mines. The belief In New York
Is that the West Shire people do not
care to see the road extended to Pitts
burg.
A reliable estimate of this years pig
| iron production in the United States
shows that the output is about 100000
tons less than that of last year. This
| years Production will be about 100000
tons. The increase in production which
began in July last is still manifest. The
production Dec. / was at the rate ot
17S,325 tons a week, or 100000 tons @
year. 1t Is predicted by the American
Manufacturer In its Issue Of this week
that the production next year will bt
one of the largest in the history Of the
iron trade in the United States.
Saward's Coal Trade Journal says
"The restriction agreed upon for the
month of December has been pretty
we'll adhered to during the first week
but 1t Is yet rather early to claim thai
this restriction has had any particular
effect upon the price list. At the mex
meeting OF the sales agents 1t would bC
good idea for them to make a pro
gramme for January and February, a
least Production should not be any
greater for each Of these months thar
the amount allotted for December Thi!
would give the opportunity for supply
ing all the demand which Is likely t
arise, and Of getting rid of some of tn,
surplus coal on hand at the stocking
places"
"It Is always within the province O
the shareholders to vote as the,
please" This was the terse commen
made by Vice President Garrett upoi
the movement to oust the present man
agement of the Lehigh Valley railroad
1.-THE election on Jan. 15." he added
twill determine to what extent they ar
dissatisfied with the present regime
Further than this there Is nothing t,
say" Another official said: I'VE ar
going through period of depression
Few. IL any. roads have earned thei
expenses within the past year. let alon,