The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-07-25
GENERAL NEWS
OF INDUSTRIES

The weekly statements of coal ship.
ments over. the Huntingdon and Broad
Top railroad. which we're suspended
during the coal strike. are again being
issued. The shipments last week were
the heaviest in the history of the coun,
try, aggregating no less than 1854
tons. of which 16. 0SS tons came from
the Broad Top region itself, and So 56l
tons from the Cumberland region. As
{ mpired with the corresponding par
1T last year this is an increase of
81, ,S43 tons, the proportion OF increase
being about 100 per cent. for the Cum
berland region and 1875 per cent for
the Broad Top region. This increase
reduces the decrease for the year to
date to 27S, t04 tons. the total tonnage
having been S94 039 tons. against
1,l72, 143 tons tor the corresponding
period last year. Three weeks ago the
decrease for the year amounted to 30O,-
900 tons, 50 that the increase since then
has been equal to 81. sos tons. AT this
rate it will not take long for the COM
pauy to recover the loss it sustained
during the early dull months of the
year and the time the mines were
closed aud traffic practically suspended
by the miners strike.
The reorganization committee Of the
Pennsylvania and the Maryland Steel
companies, held meeting in Philadsl-
phia yesterday. At the conclusion OF
the meeteng Efiugham B. Morris, the
chairman, announced that the plan OF
reorganiz ,tion has been agreed upon,
"Over 90 per cent. Of the creditors have
assented to the plan" said Mr.. Morris,
land q sufficient amount OF pre-
ferred stock has been subscrib bed
to warrant the committee in declaring
the plan for judicial sale to be effective.
This course was adopted by the COM
mttee and the time for subscription
by all stockholders TO the new prefer
red stock was extended until October
next. Stockholders holding the pres
ent common stock who do not avail
themselves Of this opportunity will
then De wiped out, as the company
will now be re-organizsd for the bene-
fit of the creditors and subscribers
W lit utN W blONh w Wv
amount of $1,000. 900 only. The pay
lnents for this stock will be in install.
ments ut convenient psriods, beginning
Jan 1. 1895 Proper notices are being
sent to botn creditors and stockholders
declaring that the amicable adjustment
has been abandoned and tnat tue plan
for judicial sale is successful and has
now been made effective"
A Duluth dispatch says: Henry B
Shields, the new manager Of the BIZ
wahik mine, purchased by Pittsburg
parties, has been in the city all the
past week making arrangements for
pushing the enormous contracts made
by this company Though work has
been under way only two months, ship.
ping ore will begin next week, and
the output for the rest Of this season
will be 100. 600 tons month, or COZ
tons daily. Tue method of mining will be
entirely changed during the wiuter, tC
prepare for the immense output expect
ed next year, 5000 tons daily for 2O(
days. Tire steam shoyels are at worn
now, and 275 men, some Of whom are
putting in an extensive system OF
tracksge, During the winter 1jO mer
will be worked, so that all the following
season four steam shoveis can bt
worked mining.
MINOR INDUSTRIAL NOTES:
A new fan has been placed in operation
at the Lawrence colllery of the Connel
Coal company.
All the collieries of the Cross Creek Goa
company, as we'll as these of A. s. Val
Wickle, will work full tiue this week.
Thomas IL. Dibble OF Scranton, whc
Is interested in coal lands in this vicinity
transacted business here Monday" say
tie Pottsville Chronicle.
The Reading has appealed from the set
tlelneut Of the states fiscal officers in i'm
q posing a Tux Of Sj3 900 on bonds held b.
certain churches and charitable institu
tiUGs.
The Reading Coal and Iron people hav,
figured out that the cost Of mining per tor
In Juue was the smallest in any June fOl
ten years, in spite of the heavy expens,
resulting from the food.
General Lehigh Valley Traffic Manage
John Taylor, of Bethlehem, and his wifi
have gone from London to Hamburg
They expect to leave for home on tn
steamer Campagnia. which sails on Aug II
The state has awarded to J. Bayart
Henry, Mary McHenry Cox and Jane
Wntts Mercur IS 40G % as informers' fee
in the escheat case Of John r. Penn agains
the Atlantic aud Great Western Railroa,
company.
John S. Lazarus, traffic manager of tn
INDIANAPOLIS, Decatur and Western, ha
gone to Pittston, Pa, says the Indianapcli
journal, to attend the funeral Of hi
mother, who died on Tuesday, at the az
OF So years.
Experienced railroad men say tina
they have never known strike Of th
magnitude OF that inaugurated by Debs t,
collapse SO suddenly and completely. or t,
leave within a few davs Of it3 ending s.
few evidences Of having existed.
At meeting OF "drummers" Of tn
Travellers Protective association, in Read
ing, the immediate passage by congress 0
the bill permitting railroads to place o
sale a 5,000-mile interchangeable mileag