The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-05-07

J. H. Taylor's monthly letter makes tho
point that with the total anthracite coal
tonnage for nfteen wroks Of this year
3 1000 tOnA or - per cent l,ss than last
year, ana with the prospect that the rc.
mAiuder NJ tho year VIII show falling
IN " ~ least aGOo. 900 tons more. II would
seem eXp"dient ~ attempt 10 undertake
nt this time any reorganization plsn Tor
Reading. II the fundiug 81 two years
coupons, amounting 10 only about SA JUl.-
uNu. was all that was necessary to have en-.
abled the company 20 sell Sl0 900 90 or
Slj.WlOl0 Collateral Trust Bonds. thus
paying m tho floating debts of all kinds,
there can only b. one conclusion. and that
is-the future OF Reading does not depend
on the ability 10 find enough collateral 10
pay OF ia present floating debt, but upon
the ability in the future 90 earn sufficient
charges
The Philadelphia Daily Stockholder,
which sustuins confidential relations with
tho Widener- Ekins syndicate, declares
that the Scranton -CaTbomdale Traction
deal ia believed 20 Do of ouly
temporarily"
The Cambria Iron works will resume
operations In nonrly all departments this
week. giving employment 10 over 1900
men.
The breaker at the Connel Coal Co.'S
new mine at Duryea Ia rapidly nearing
completion. The shaft has reached n
depth Of 200 feet and the openings at tho
foot Of the shaft have already been made
from the William A. colliery, the two
shafts being connected.
IL is said that Coke Bros. & Co., owing
to the fact that the demand for small
sized coal is far In excess of the output.
are seriously considering the advisability
OF erecting several washeries In the
Hazleton district, In order to reclaim
thousands Of tons Of chestnut buckwheat
and rice coal, which now lie embedded in
the old culm banks In the vicinity OF Old
Buck mountgin. Experienced mine work.
crs maintain that the big culm bank that
has been standing on tho Buck Mountain
tract during the past twenty-five years w
the prize bank Of the region, as no slate
picker refuse was ever dumped upon H.
and they predict that it will Yield from co
TO 20 per cent. Of pea, Oucltwheat and rice
coal. 1t Is also stated on good authority
that washeries will be erected at Sandy
Run, EcKley, Pond Creek and Woodside.
\ i
| The Hazleton Sentinel thinks that tho
individual operators Of the Lehigh region
are anxious to see Reading foreclosure
in order that they may snap up some Of the
fine colleries in the Mahanoy region.
\
The probability OF n general advance in
anthracite coal prices on juno is go gen.
orally recognized in the trade that dealers
and large consumers have been buying in
anticipation, There is some shading Of
prices in New York, but the concessions
do not exceed 10 cents q ton. All che com.
panies seem TO be involved in the cutting
The proposed advance on June will pro-
baby make actual prices about what the
| present circular calls for.
! l |
| Coal traffic on the Sunbury division of
| the Philadelphia aud Erie road, is yery
| heavy ut present. The coal ia loaded az
| the. PennRYlvania's leased colleries at VIM,
Penn, Milnsvile, Morea and Nanticoke,
and is brought down over the Sunhury
division to Pottsvillo and then transferred