The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-12-31
INDUSTRIAL.

Wilkes-Barr Record: Within the
past two years the lower end of Wyo-
ming Valley has made greater progress
in the opening of collieries than in "a de-
cade before The Bliss colliery and
breaker of the Delaware. Lackawanna
and Western at Hanover. recently put
into operation, after the expenditure of
hundreds of thousands of dollars, Is
working steadily, but the cOlliery.which
Is one of the largest in the valley, is not
yet fully developed. An accomnoda-
tion train runs every day from Kings
ton to take mechanics and other skilled
labor to the colliery. the erection of
new houses is going on in Auchincloss
and Alden to accommodate the EN-
ployeS of the cOlliery. Ine inside super
intendent is Edward Rees, formerly OF
Scranton,an the outside superintendent
is Thomas Carey. formerly of Kingston.
The other two shafts known as the
Auchincloss collieries, are now being
sunk, one by Contractor Perkins. of
Askam, and the other by Contractor
Pugh. They are down 1910 feet and
will go 400 more. Both will be COM
peted by spring, when mammoth
breaker will be completed around the
neighborhOod of the new shafts. A
score or more of handsome blocks have
are in course of erection, including a
modern hotel, owned by William Evans.
formerly of Edwardsville. A few days
ago number of business men from
Nanticoke, Wilkes-Barre and Scranton
met at Evans hotel and formed a com
pany for the purpose of obtaining n
right of way and of constructing new
electric road from the Square at Nanti-
coke through Prospect street to run
through Auchincloss village, Warrior
Run and from there to Sugar Notch To
point where the Wyoming Valley
traction company's line terminates,
thus making a belt line to accommodate
the above towns.
- -
The Philadelphia Stakeholder reiter-
ates its belief that back of the Nor
gan-Reading reorganization proposition
there is a deal looking to the carrying
into effect of an anthracite coal combi-
nation. Mr.. Morgan is at the head of
the whole business. He and his asso-
ciates are largely interested in anthra-
cite coal properties, including the
Lackawanna, the Delaware and Hud-
son and the Jersey Central They esti-
mate that the life of the mines of these
three companies is not likely to be much
further prolonged. 1t Is an open secret
that out of these mines have been taken
so much coal that they are nearing a
period Of exhaustion. The Readings
mines, however, contain an almost in
calculable volume of coal. The idea is
that, If untrammeled in management,
the Reading in due course would be in
position to regulate anthracite coal
prices at will. A combination now is a
precaution recognized as absolutely
necessary to prevent the Lackawanna,
the Delaware and Hudson and the Jer-
sey Central from being relegated to the
background and to save their securities
from going to low level This Is ,..e
reason why the Reading has the solicit
Gus interest of Mr.. Morgan and his as
sociates, aside from the ready money
there Is to be made out of a 'reorganiza-
tion.'"
- -
The Financial Chronicle computes the
gross earnings of fifty roads for the
third week of December at s5,769.547.
against s5.339, ,965, for the corresponding
week of 1894, net increase of s429. $50.
or S.0i per cent. Gross earnings of 81
roads for the second week of Deem
Der are estimated at $S,159.919, against