The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-10-18
NEWS OF OUR INDUSTRIES.
Happenings Of Interest 10 tho Stapcl
Trades and Particularly to the Trade
in Iron, steel and Anthracite Coal.

The Pennsylvania Railroad company
has given an order for 1000 large gon-
dola freight cars. which are to be con-
structed as fast as possible.
The Reading Railroad company Is
hiring additional trainmen and yard
men to handle the largely increased
traffic over its many branches. ine
new hands are experienced railroad
ers. many of them coming from the
New York Central and the western
branches of the Pennsylvania.
Judge Hanford has refused to accept
the resignation of the receivers of the
Northern Pacific and has removes
them because of failure to comply with
his order directing them to give an ac-
counting of their past acts and to an
swer tn, charges of Prayton Ives. An
drew +. Burleigh was appointed re-
ceiver for the lines in Washington.
Philadelphia Press: The anthracite
coal trade has improved. The demand
for coal Is very good in this city and
along the line and there are evidences
of improvement in the inquiry for coal
at tide. The trade in the domestic sizes
Is heavy. as is usual at this time OF the
year, and some sizes are scarce. Prices
are we'll maintained with an upward
tendency. 1t is not unlikely that the
81 basis for stove in New York will be
reached next month. a great deal OF
coal yet remains for delivery at lower
prices. but in the opinion of good judges
this will be out of the way at the close
Of this month. The production of coal
is heavy. Reading shipped $4,000 tons
last week and 1t is not unlikely that the
total tonnage this month will be 5000, 900
xx+l,; ah i, 70 "
imum output In any month The good
times are likely to last six or eight
weeks.
4 meeting of the various representa-
tives of the anthracite coal companies
was held in New York on Tuesday, and
the'situation was thoroughly gone over
II was shown that the demand of the
present time Is far greater than 1t has
been. and that the stock in hand Is IN
adequate to meet all their wants. There
was some talk about advancing prices.
but nothing definite was done. but 1t is
understood that before the end of the
mcnth the prices to tidewater points
will be advanced and made uniform. a
meeting will be held by the city and
line trade agents Of the anthracite coal
companies shortly to take action on
making q further advance in prices TO
these points. At the present time the
coal IS selling on basis of $3.50 a ton
for domestic prepared sized at the
mines. which, with Sl.70 for freight.
brings the price up to S42O. This is con-
s-idered far too low and in all probable
ity there will be an advance on Nov l
of from % to 30 cents ton, the first
being for stove and the latter for chest
nut as It Is thought the present price
of chestnut rs not in proper proportion
with those of the other sizes There Is
a scarcity of coal all around, particu
larly in egg and stove sizes. although 1t
is not as great as it has been. The
Reading company is very short of these
sizes, and the orders are greater now
than they have been for several
months. At the present time the Read
ing has little over 20 900 tons of egg.
either on the road or at the yards; 81, 900
tons of stove, and 200, 900 tons of chest
nut. At the same time last year it had
over 90,0 tons OF egg, $50. 900 tons of
stove, and 313 600 tons of chestnut
There is a better demand for coal by
retail dealers, and as the companies
cannot supply them they are some
what in a quandary. It Is thought,
however. that within aefew weeks the
situation will clear up and prompt ship
ments can be made. At the meeting
of the New York sales agents to con-
slider the further advance of 2 cents
ton In prices of coal 1t was decided to
postpone action pending a canvass of
THE subject. 1t was understood that by
Oct. "a the advance would be in opera
ton, and that It would place the prices
at about 81 ton, free on board. tide
water for chestnut and stove sizes.