The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-01-11
INDUSTRIAL TOPICS.

INUVol hlAL lVI lySs
The longest continuous street rail-
| way in the United States is the forty
two-mile strip from Lowell to Haver-
| hill. Mass.
The director of the Austrian rail-
| roads had a locomotive constructed
which makes a run of seventy-four
miles an hour.
The ordinary cost of cable road
has been from 100000 to $4,000 a mile
of single track. 1t is stated that in
Washington this cost of construction is
brought down to $4,000 mile.
The Pennsylvania Railroad company
Is running q remarkable amount of
Focal over the route from Nanticoke to
PottSville at present. The trainmen are
making full time and many extra trips
| additional
The city council of Peoria ILL.,, has
declared the rights, privileges and fran
chises of the Central Railway company
forfeited, and instructed the company
to remove all it's tracks, poles, wires,
etc, from the streets.
Leadville's gold .production for 1894
from virtually lseesgoklb bf6ducers will
be S2,OOO,OO0, and with the present out
look and new discoveries being made,
1t would be impossible to estimate what
the camp will do next year.
Including stocks and, bends the rail-
ways of the United States are cap
italized at 100000 per mile while those
OF Great Britain are capitalized at $780,
700 per mile, or nearly 400 per cent.
higher than in this country
The directors of the Delaware and
Hudson have declared the regular divi-
dend of per cent, for the year 1895
out of the earnings of the year 1894
The dividend is payable one and three
quarters per cent. quarterly.
The railroad suspension bridge at
Niagara Falls, which is one of the Oldest
railroad bridges in the country, and
probably the first large suspension
bridge ever built, will soon be taken
down and replaced by an arched canti-
lever bridge. l.. L. Buck, who rebuilt
the bridge, is preparing plans for the
new structure.
1t is announced that General D. w.
Caldwell has rendered his resignation
as president of the Nickel Plate rail-
road and will hereafter devote his en-
| tire attention to his duties as president
| of the Lake Shore, a position which he
has held in conjunction with that of
| president of the Nickel Plate for the
past two months. 1t is understood that
President S. r. Galloway, Of the ST.
Louis and Kansas City, will, in the
! course of few days, be appointed pres
ident of the Nickel Plate to succeed
General Caldwell.
1 President Harris vote at the coming
| election of the Reading will be consd-
erably larger than was predicted
week ago, when it was estimated he
would receive upward of 100000 shares
1t is now probable the figures will be
| closer to 100000 shares. as Henry Clews,
| the Wormsers Mrs. Hettie Green and
| other large New York holders have
notified him that he may count upon
| their support. If proxies are coming
| from this source it is believed the vote
| for Isaac l.. Rice the only opposing
| candidate, will not exceed $4,000 shares
Philadelphia Inquirer: "The report
| of the Lehigh Valley road for 1894
| brings out with great clearness the
| cause OF the poor earnings of all the
anthracite roads, that is the reduction
| In freight rates. That.the New Jersey
| Central is suffering from this cause its
monthly reports show and the annual
| report of the Reading road, which will
| be out in a few days, will show the
same thing. For several years and
| for a part of 1894. the transportation
rates on coal from the mines to New
York harbor We're s1.70 to $1S5 a ton
ThnN hat 4
$1.40 and the reduction is permanent
| The history of transportation shows no
| instance where rates that were reduced
were restored to tR9oh fgureers
Lehigh Valley agents are canvassing
| Wilkes Barre to see what the prospects
would be for putting on extra local
trains between Sugar Notch and Avoca
to compete with electric railroad traffic.
In case these trains are put on the fares
between these points Tould be reduced
Philadelphia Inquirer, Thursday:
| Anthracite men of this city and the
| coal regions enjoyed an elaborate
| luncheon yesterday afternoon at the
| Hotel Bellevue. Covers were laid for
| fifty-two. DR.. Howe, of the firm of
Pardee & Co., Hazleton. presided. Some
who attented We're ex-senator Morgan
| Williams, of the Red Ash Coal COM
pany: Charles Parrish and II. II. Ash
! ley, Of the Parrish Coal company:
Major Jacob Roberts, jr., of the Han
over Coal company; w. G. Payne, a
Luzerne borough operator; II. p. Simp-
son, Of the Simpson-Watkins company;
T. G. Won Storch and George Sander
son, who are interested in works near
Scranton, and r. S. Van Wickle, of
| HaZleton."