The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-08-30
GENERAL NEWS
OF INDUSTRIES

vi INUUUIllU
For the past few days a report has
been current in railroad circles that ex-
Postmaster General John Wsnamaker
had been offered the presidency Of the
Reading road. On Saturday evening
last reporter Of the Philadelphia
Press interviewed him regarding the
report. He was candid in saying that
when abroad recently he was ap-
preached by men largely interested in
heading securities, who urged him to
become the company's president. Since
his return home, he added, Others simi.
larly interested, resident in this coun-
try, have discussed the matter with
him, also wanting him to direct the
management of the company's affairs.
He said that he had not signified his
willingness to do 50. nor could he say
that he had seriously considered def
mite proposition of that kind. Read
ing" said Mr.. Wansmaksr, 'should be
reorganized. Delay in doing so has
sorely burdened thousands Of Philadel-
phians owning stock. who have suffered
for years by not receiving dividends,
Reading is great property, and II
properly understood should be earning
dividends. What is needed is manage
ment and not only financiering.
have been surprised at the advance in
the price of Reading stock, despite the
fact that the adoption of plan of re-
organization would mean an assess
ment on such stock "
An important railway enterprise,
with st. Louis and Chicago capital
back Of it, has come to light at West
Superior. Wis. A newly organized
company has for several weeks had
surveyor at work running a line from
Superior to saltwater, MINI, on the
st. Croix line. 1t is intended entirely
for iron and coal. 1t is to take iron
ore at the docks there and transport it
TO bargss at Saltwater, which will run
down the Mississippi to st. Louis, re-
turning with coal. The St Louis iron.
mongers have concluded that they
must draw on the Mssaba and Vsrmil.
lion ranges for ore. A number OF
wealthy lumbermsn are also said to be
interested in the project.
The drought has attained alarming
proportions at Silver Brook. Two of
j. ". Crellin's steam shovels shut
down at that place Tuesday and unless
the water from the abandoned strip
ping at No / can be used the shovsls
will remain idle, says the -Hazlston
Standard, until bounteous rain
streams its cooling potions over that
district. Contractor Crellin has been
obtaining his water from the Old Sill.
yer Brook creek for the past two weeks
and the coal company has now taken
possession of that supply for their No.
2 colliery.
The new breaker which has been
under course of erection at Park
Place for some months past is now in
full operation. A prominent feature
of the modern structure, according to
the Hazleton Standard, is the introduc-
tion of terra Gotta ohutes instead of
the ordinary cast iron chutes that have
been used universally throughout the
anthracite region for years. 1t is
claimed for this new kind of chutes
that they facilitate the preparation of
coal, being much smoother, thus al.
lowing the dirt and wash and small
sizes of coal to pass through them
blandly. 1
Says the Philadelphia Bulletin: 1.-THE
official who finds the anthracite market
stocked from end to end would have
found it so at this period in almost any
year for decade, He sums up the
case in the admission that ighty per
cent. of the output goes into domestic
channels, and this admission carries
with it the obvious conclusion that
minimum quantity OF coal only is used
when the heat of the year is most in.
tense. Thcre has certainly been no rea-
son why any resident of this region
should have had more than one fire CO.
ing since June ushered In the heat of
summer, and the conditions which pre-
vailed here also prevailed, in greater
or less degree, in other localities. The
cost of mining being less in summer
than winter, the operators are accus-
toned to forcing their output some in
response to business demands. II there
be any real decrease in the consump-
ton for the actual summer season, at
least portion of it must be ascribed
to the increasing number of gas and
oil stoves now in daily use.
The coal tonnage of the Huntingdon
and Broad Top railroad continues to
show decided improvement compared
with last year; for the week ended
Aug. 20 1t aggregated 54,656 tons, an
increase over the same week last year
of II, $50 tons. Shipments for the year
aggregate / 1924, 1853, decrease of 1885,
7S2' tons compared with the same period
in 1898 This decrease was made be.
fore the great strike of the soft-coal
miners, and since its resumption there
has been large and steady increase in
tonnage, no less that As per cent. of
the earlirr lose having been recovered
within the past six weeks
ERstbound shipments from Chicago
last week aggregated AZ. 16l tons,
against 40 55S tons the preceding week
and 4S, 992 tons the corresponding week
last year. 1t will thus be seen that
there is an improvement, not only over
last year, but over the second week Of
tt month; and this improvement, the
T G'adelphia Stakeholder thinks, should
not only continue. but grow heavier
from this time forward. The move,
ment OF general merchandise is ex-
peeted to Dc very free as soon as goods
now in bond are released. This, how.
ever, is a matter of only secondary
consideration. The increased traffic
will come from the general i'm
provsment which the county lis
now experiencing, and which prom.
ises to continue for an indefinite
period, for all stocks are exeaedinoly |