The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-02-21

The Philadelphia Stockholier does
not believe that the recsnt deal be-
tween Coke Bros, aud the L'high Val
| ley Will lead to an adjustment OF an-
| thraclte coal percentages. The state
ment that there will ba ~ Il conse-
quouce of the deal is scoifsd at by many
members OF the trade. Coke Bros aud
| Co FOR two years have had q separate
allotment BY virtue of ownership In
| the Delaware. SnsQuohanna and
Schuylkili railroad, II 6J.mile line They
fought for years to get this allotment,
aud II was only granted to them after
they proved that recognition was nee
essary for the harmony OF the trade II
Coke Bros, were entitled to q separate
allotment while shipping coal over tha
various railroads, they are certainly
entitled to similar allotment now
that they haul their own coal over the
line OF these railroads. Again the Le.
high Valleys output, which in 1891
was us pUr cent, aud IN 1892 to Ii 63
per cent. and in 1898 to l3 81 per cent
II any change 10 made in the output OF
the Lehigh Valley these figures would
seem to indicate that it would be an
increase Instead of II decrease.
NEW YORK Feb. 90.-The ann ual re-
port OF the Delaware and Hudson Ca
nal company has Just been issued
President Olyphant says: "The coal
trade has been an exception to the gan.
eral depression that has characterized
the industries OF the country during
the year 1898. and moro coal has been
mined than during sny previous year
IN the anthracite history, while
prices. though not high, have been
fairly maintained Tho total output
was Is. OS9 j36 tons. OF this amount
the company produced / 4G1, ,3iG tons
and transported for others l,7l0,3lO
tons making total of q. 1869 tons.
The amount of anthracite coal carried
over the leased lines again records
gratifying gain, but the unprecedented
dullness in general trade and the en-
| forced idlentSs in the iron industry
along Lake Champlsin during almost
the entire year, have so diminished the
/ receipts from those sources that the
net results permit your managers to
report credit tn the profit and loss
account of only $ll.4l4, as compared
with S227, Sl2 for lS9!
A special from Chicago says: Most
Of Chicagos soft coal comes from Hi
noit Indiana, Ohio and Pennsylvania.
Recently attention Aas been drawn to
the coal fields Of Kentucky, the claim
being made that there are coal fields
in Kentucky which produce better
| grade Of coal than the Ohio and Penn
sylvania coal Hitherto little of this
| Kentucky coal has come to Chicago.
| although it Is no further from the mar.
| kst than the bulk of the Ohio and
| Pennsylvania product The Louisville
and Nashville and Louisville and New
Albany railroads are making au EFF
| fort to bring this Kentucky coal
into Chicago and points north and
west OF Chicago to compete with the
| Pennsylvania and Ohio Goals. To in.
yestigate the claim made by the Ken
/ lucky mine owners party Of coal
dealers from Chicago, Milwaukee, Min.
neapolis and st. Paul left last week for
Whitley county, KY. The party is in
charge Of r. Lee France representing
the mine owners Among the firms
represented In the party are: Chicago,
| Spalding, Mitchell & Co., Lii Coal
company, Newell & Co.. Lincoln Fuel
company. ellison & Nichols. Delaware
and Hudson Canal company. A. c.
Johnson & Co. H W Finch & Co., II
d Turney & Co.. l. Z Overman 4 Co.
| w W Jackson K Co. and Blotchford,
| Louck & Co Pioneer Fuel company,
| s.. PAM; Pennsylvania CpIl company,
New York and Chicago; TRY & Co
and D. W Howell & Co. Milwaukee.
The Whitney soft coal syndicate il
booming, notwithstanding the fact
that it hasn't got It's free coal clause
through yet President Whitney,
| brother Of the eI-secretary. In his re-
port To the syndicate directors, to Dec
| 81, 1893 gives the following facts
| Company was orgnnizld Feb, lj 1893
and has mined S3i 0l9 tons o; coal. ey
elusive Of the Victoria mine output.
Coal shipments increased over
preceding year 10000 tons pro.
| speCtS IOT current year are good,
Two hundred Thousand dollars
has been expended on tho rail
road to Louisburg, which is expected
to be finished this year. Sl5O,OO0 has
b'rn sp'nt on plant and mining ma.
chin,ry and about 800. 900 for tugs
and barges. Tns fiscal year Of The com.
psny is to be changed 80 @ to begin
March /, with annual meeting In Juno.
Treasurer's report shows that $40
tons Of coal we're sold for $l,1S0, l9g,
with a net profit Of $23l OG3 with the
profit on transportation, the net earn
ings we're 1854, ,48l Expenditures for
machinery and 10 per cent on equip.
ments were written Off, leaving y net
profit Of seas. 700, from which interest.
sinking fund and preferred stock divi %
dpnds were paid. and balance OF sjl, -
077 carried forward.
| MINOR INDUSTRIAL NOTES
Shipments of the Pocahontas coal over
the Norfolk and Western railroad for tho
week ended Feb. 10 increased 2Ogll tons
What Is thought to bo rich vein Of sill
yer ore has toen discovered on Jacob