The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-07-24
news OF OUR INDUSTRIES
Happenings Of Interest to the staple
Trades and Particularly to the TRADE
In Iron. Steel and Anthracite Coal.

The Pennsylvania Railroad company
IL building 100 new locomotives. This
| means 100 new engineers.
More men are said to be at work In
the iron, steel and tin trades than at
| any time prior to the panic OF lSSS.
The railroad across Siberia will be
| 1000 miles long when finished. The two
sections now operated are 76l miles
long.
Billet prices. upon which the steel
business Is based. are reported tQ be
within half a dollar of the figure OF
three years ago-$2l.5O per ton at the
| mills.
The nail works at Everett has or
ders on hand for $4,000 kegs of nails.
which Is sufficient to keep the plant
operating steadily for over two months
at full capacity of 200 kegs daily.
The Chicago. Milwaukee ad st. Paul.
which laid off 15 per cent. Of the en-
ployes In lts operating departments dur
| Ing the panic has ordered many OF the
men to return, and, II business contin-
ues to improve, will have its entire force
nc work again.
A statistical bulletin issued by the
treasury department shows that In ten
years there has been an increase or
l.257, ,j54 American women engaged in
gainful operations" while the increase
of the number employed in trade and
transportation" reaches the surprising
| figures of 263 per cent.
The street cars of Sacramento City
| In California are now run by electricity
| generated by the falls; of the American
river at Folsom, twenty-four miles
away. The river has been damned.
creating q reservoir three miles long
with a flow of $1,000 cubic feet a min
ute. After turning the turbine wheels
at the dam the water Is not allowed
to escape further service, but Is used
| for irrigation. Sacramento City ex-
| poets soon to be warmed and i.ghted by
the river.
From Chicago comes the announce
ment of the formation of a company.
with capital of no less than $l5O,OOO.-
900, for the purpose of floating an cleo
trio motor which. 1t Is claimed, will
| send q steamship across the Atlantic
Ocean at cost of only $780, All that
| is known IL that the motor, the inven-
ton Of a Chicago man, is reported to
be Of immense value. and dnat 1t will
save 81 per cent. of electricity, while
other motors save only from to Is per
cent. of the power created. AS matters
| now stand 1t costs somewhere in the
neighborhood of $4,000 to transport a
large ocean liner from Europe to these
shores.
nk hnc hvv n
| governor of the state of New York re-
quiring employees Of telephone COM
panies, on and after Sept. next. to
be as secretive regarding the nature
of their business as are the men and
women who handle telegraphic mes
| sages. The act makes 1t punishable by
a maximum fine of $1,000 or by impris-
| onment for not more than six months
| for any person to wrOngfu!ly obtain.
| or attempt to obtain, any knowledge
| of telegraphic or telephone message
| by connivance with clerk. operator.
| messenger or other emp,oye of a tele-
graph or telephone company. The
same punishment may fall on the ope-
rator or other employe of the telegraph
or telephone company.
| Philadelphia, July 23.-The plan TO
unite the Philadelphia Peoples and
Electric Traction companies, which has
been in process of negotiation for sew
einl days. was finally completed today.
The plan provides for the amalgamation
Of the Peoples and Electric companies.
the consolidated concern then to lease
the Philadelphia Traction company at
per ceat. on a tar of 500. which is
equivalent to an annual dividend OF
per cent. on the company's capital
stock. The new company will have a
capital of $40, 900 900, the limit permitted
by law. and the shlres will have par
value of $50 each, making 600, 600 shares.
The shares will be held at the disposal
of the different companies as follows:
Philadelphia, 100000; Peoples. $4,000;
Electric. $4,000. John Lowber welsh,
| president of the Peoples Traction COM
paCy, will be the PRESIDENT of the new
compary.