The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-11-10

rates. to per cent. According to the
president of one Of the largest ma
tional banks, the outlook for easy
money for some time to come Is not dis
puted The proposed reduction will be
enforced in all probability by the big
banks agreeing not to take any new ac-
counts of out-of-town banks at a
higher rate of interest than that agreed
upon by them as the uniform rate to
be allowed.
A Connelsville, Pa, dispatch says;
There was gain of nearly 200 cars
in the coke output last week. All over
western Pennsylvania the demand for
coal and and coke is strong. At the
Mcclure Coke company's Office the man
ager said steady improvement had
been noticed, the volume of bgusiness
being much greater than few months
ago, Part of this increase he attri-
buted to the reaction setting in after
the strike, but the greater percentage
was due to the regaining of confidence
and the general resumption of opera
tions in the mills throughout the coun-
try"
A Pittsburg special says: "A trust
Is to be formed by the cold-rolled steel
makers of the United States. A meet
ing will be held in New York city next
Thursday to organize the pool. Every
manufacturer of cold-rolled steel in
the United States has been invited to
send representatives to 1t. 1t is pro-
posed to form an organization that
will have power to regulate and main
tain prices and prevent cutting by en-
tering into an agreement under which
price cutters can be punished by the
imposition of penalty"
MINOR INDUSTRIAL NOTES:
The Indianapolis, Decator and West
ern earned in October $99,Sl1, an increase
over October 1898, of $3,5G0.
Asa L. Foster has been appointed
through freight agent for the Lehigh
Valley railroad, with office at Philadel-
phia. His appointment took effect Nov.
l. This is new office.
The Pennsylvania movement of loaded
freight cars last month was one of the
heaviest in its history, aggregating 127,-
1856 cars. In September the total was
HASA; in October, 1893, l11,114
The report that the Pennsylvania
Railroad company declared an unearned
dividend is emphatically denied by one
OF its officers. This officer says the
Pennsylvania has never declared divi-
dend which had not been earned.
The Canadian Pacific has put in effect
freight schedule on canned goods,
beans and other products of California
which is 5 cents per 100 below those of
the American Transcontinental lines
from San Francisco to Chicago and like
points.
The fast train, the Knickerbocler
over the Big Four and Vanderbilt lines,
between st. Louis and New York, has
now been on thirty days, and not once,
as yet, has the Big Four turned the
train over to the Lake Shore at Cleve-
land late.
The Lehigh Valley Coal company
which has taken charge of the Pardee
collieries,- has issued an order that al
employees can obtain coal at So per ton
Heretofore and under tn, old manage
ment only those living in company
houses could buy coal at this price.
The New York Central has made pub.
lie its statement for the quarter ending
Sept. 30, showing a decrease in gross
earnings of $1,371 ,025.53; decrease in op'
Grating expenses, $l,15S, ,330.53; the net
earnings, therefore, decreased only $2l7,
695.O5. The road was operated on 656;
per cent of it's gross earnings.
The work of sinking the new shaf
| of the Newton Coal company at Pitts
ton Junction is going on rapidly. Tht
shaft Is down to bed rock, and the pre-
parations for going through it are com
pleted. Three shifts will be put to work
The company officials say, however
| that they will not be able to hoist Goa
before April l.
Four million dollars has been raised
to complete the Kansas City, Pitts
burg and Gulf to Sabine Pass, Gulf o
Mexico. 1t will be an airline roaC
from Kansas City to that point, and 30
miles the shortest route. While run
ming through unoccupied territor!
much of the distance, it will, neverthe
less, be, in some extent, competitor o
the Missouri, Kansas and Texas.
The presidents have decided to Great
rate inspectors at Western trunk-lin
terminals in hopes of thus relieving
the demoralized condition of east-boun'
rates. They will be charged with tn
task of determining any irregular rates
and are to report them regularly to tn
different associations, which include tn
Western Freight association, the Cen
tral Traffic and the Trunk-line associa