The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-02-26
GENERAL. NEWS
OF INDUSTRIES
Another New Railroad Chartered 10 Enter
The Anthracite Coal Fields.
Is A SLY m0YG OF THE PESNSY

The Line Is Only Twenty Miles
Long, but Il Is Already fIeralded as
Connecting Link in Great SYs-
lem of Competitive Lines, by Which
The Pennsylvania System Is E%.
pcctod to Get in Dig at the Le-
high VaIley-Other Live News and
Gossip OF an Industrial Tjnga.
The Beaver Meaeow, Tresckow aud
New Boston railroad Is the latest im
Poaiug trunk line to leave u black trail
on the map of northeastern Pennsyl-
vania. 1t was chartered last week.
will be twenty miles long is capital
izrd at %2OO. 600 and the directors are
y, S. Van Wickle, Il. W. Wilde, B.
l.. Chamberlain, C. j. Krschner. J. L.
Barber, a. NJ. Eby and +. v Weaver
Inis company was formed for the pur-
pose OF building or securing IL connect.
ing link from the mines OF A. S. Van
WickIe d Co. at Beaver Meadow aud
Irasckow to the Pennsylvania railroad
at New Boston. The output Of Mr.,
Van Wckls at Minersvillo is shipped
via the Pennsylvania The road now
projected will give the Penney an en-
trance into the Beaver meldow region
80 as to compete with what was always
regarded as distinctly LshiSh Valley
tarrvtory. Mr. NanWickle is looked
upon in railroad circles as friend OF
the Pennsylvania. Il his road is built
it will hasten the completion Of the
link between New Boston and Tom
hicken, and if the Sentinel is correctly
Informed, bring the Pennsylvania into
HaZleton over its own lines
The increase in the consumption Of
anthracite coal. noted by the Pniladsl-
phiS Stakeholder one week ago, has
changed generally. Restriction is still
in order, and there is every reason,
from business poiat Of view, why 1t
should be continued. The market is
quoted dull in the east, aad quotations
are SAID to bs weak and in buyers ia.
vor, but in spite OF this fact. and also
that water rates are most favorable,
trade does not stir up is said ihal
there is no likelihood Of any smart buy
ing for future requirements until after
the end Of March. This is another
reason why the output should be kept
we'll in hand The decrease in ship.
ments for the year up TO Feb. II, ac.
co.Ging to the Bureau Of Anthracite
Coal Statistics, amounts to 1871, 2OS
tons, and still there are complaints of
over production.
Judge Simonton OF the Dauphin
county court has Just fled an import
ant opinion in ths case Of the common
wealth against the Alden Coal com
pauy The colnp1nv appraised its
capital stock for 1892 at $50 share,
amounting to 800. 100 and forwarded
This appraissment TO the auiitOr-Gen
eral who appraised its capital stock at
So, 9j0, 600, ana on this valuation set
lied Az accolut against 1t amounting
10 $l1,2 ,2jO The company appealed
from this settlement Considering all
the facts in the case, Judge Simonton
appraised tho actual value Of the stock
at $50 per share, amounting 10 $3.50, -
0OO being $780, 600 more than its ap-
praisement by the company, aud or
this gave Il judgment in favor of the
commonwealth for debt, interest and
commission amounting to 81 $50.
In the opinion OF the Philadelphia
Press, very seldom, il ever, have the an.
thracite companies restricted tonnage
as heavily AZ during the laqt elk
weeks. The pro iuction during the
same period in 1893 was heavy, there
being great rivalry among the leading
lines during the fest months Of that
year. Now the demand for COal Is very
light, aud notwithstanding ths ship
ments are 1871 900 tons, or % psr cent.
less than last year, stocks increased
largely IN January and (pric9s are not
what they should be from pro iucsr's
point Of view. The decreased d.mlud
Is an indication that ClusuM ira are
economizing in the uss Of coal. pro-
cess which has been assisted by the
weather,
Mine Inspector Brennan's report Of
the work il the Seventh anthracite dls
trict for tho year 1893 shoY1 that
), 2SS,S0l TONS of coal were mined, %
against ; lGl G15 tons in the previous
year Seventy seven lives were lost,
being au Increase Of thirty-tWO fatal
tiles over 1892. For each man killed
G8. G9I tons Of coal were mined, The
noG.fatal accidents numbecsi ll0, an
excess Of eighteen ovsr last year The
men and nays employed numbered
9,l1O, and 9Ij} tons Of coal were mInsd
for each workman.
The withdrawal Of Iulc l. RICE,
opposition 80 the petition of the Rad.
in2 receivers for lBavJ to issue 81, 900,
900 coal trust certificates poves the
way for carly organization. MF
Rice will not it is said, attempt in any
way TO interfere with the rahabilits
iiol OF the company, although ha Wal
! firmly convinced, some time ago. thal
I the Reading was solvent, and that j
coRid DO extricated from its difficulties
without the Intervention Of the coaFt
The extent of future railroad build
ing is ueginning to be discussed by
some eminent writers of tho day. 30
q few take the ground that the con
sLruction OF new lines must be limited
claiming that the world now has abou
all it needs for many years to come
but others hold different view ant
point to the small mileage in man,
sections of our country. as well as il
other lands. The effect that de
creased railroad building would hay,
on iron consumption is being dis
uusseG, aud in this connection
Abram S. Hewitt, in u letter to tn
Manufacturers Record, gives the fol
lowing views: II should say that th
house. building era Of iron and steel
which is now in full development
would absorb quite as much steel a
he railroads hnve heretofore done 70
new construction We are living Ii
80 ago OF fOrcs expended in nindnstriu
directions. | do not pretend to esti
mate the limits of It's application