The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-01-05


Earnings for the first seven weeks of
the current fiscal year $4.543, compared
with 1892 for the same period in the
previous year, an increase of 10 per
cent
The prospects for trade in iron and
steel grow more favorable day by day,
and increased activity early in the new
year Is confidently looked for by manu-
turers east and west. Many large or
ders for pig iron and partly-manufac-
tured iron and steel products have been
placed, and the outlook for additional
orders is very bright. In Pennsylvania
and Ohio several of the great pig-iron
producing companies have made con-
tracts for their ore and fuel for 1896
thus insuring work for ron-ore miners,
coal miners and coke workers for some
| time to come.
That President Harris, of the Read
| ing, will receive an enormous vote at
| the coming annual election is shown
| by the fact that he has already received
| proxies representing $4,000 shares of
| stock. So far comparison of proxies
| has only been made with about 100000
| shares of the reorganization commit
| tees deposits. The work of comparing
the remainder will be undertaken in a
| few days, and 1t is believed it will be
| found that the committee has at least
100,0 900 shares that have not been dupli-
Gated by proxies sent to the manage
ment. 1t is estimated that the vote to
be cast for President Harris will range
| fro,,, snO mn 70 eOO O00 cb ba roc
Philadelphia Stakeholder: THAT har-
mony no longer exists among members
of the Lehigh Valley so-called protec-
| tive stockholders committee Is beyond
| question: it was apparent at the meet
ing of stockholders in Association hall
on Wednesday, and was more pro-
nounced yesterday. According to
street reports, Chairman Hutchinson Is
now occupying that position merely in
a nominal capacity, and 1t Is openly as
serted that the Dick faction in the COM
notice wants nothing more to do with
him. Mr.. Hutchinson, on the other
hand, Is reported to have said openly
at Wednesdays meeting that he was
done with the Dicks. Under ordinary
circumstances such state of affairs
| Nolhu ildlui ally lSStu " llt ptlltl lIidt
the dissolution of the committee was
near at hand"
Philadelphia Record: 1.-THE move
ment to place the anthracite coal trade
on sound business basis, which has
been placed in the hands of sub-com-
mittee composed of T. +. Torrey of the
Delaware and Hudson Canal company;
w. II. Sayre, of the Lehigh Valley, and
c. Il. Henderson, of the Reading COM
panies, has not yet got fairly under
way. The committee has in hand the
work of preparing statistics of produc-
tion, distribution, etc. ,and will make
an exhaustive and comprehensive ex-
animation, and later report to the gen.
eral committee. 1t is not expected that
report can be made ready much be-
fore the close of the month, and fre.
quent conferences will be held in order
that all obtainable data may be care.
fully considered. The record of each
company, showing its facilities for min
ing and distribution, will be made up
and be embodied in the report. Some
of the producers and carriers are dis
satisfied with their percentage of thu
total and the Reading officials have al
along maintained that the company.
percentage was too low, and that thu
other producers and carriers have
profited at it's expense. In the proposed
reorganization of the trade all sucl
matters will receive careful consldera
ton, and the object Of the presidents
is to formulate an agreement that will
prove satisfactory to all interests, ant
result in harmony and unity of actor
in the trade. Efforts will be made t,
remove every cause Of existing friction
and the interests of the individual pro
ducers will be considered from the SAM
standpoint as those Of the organized
companies"