The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-01-10
INDUSTRIAL TOPICS.

The personal estate OF the late f. B.
Leisenring has been appraised at
$l,9SS, ,964.3S.
The coal tonnage of the Reading rail-
road for the week ended Jan. 5, while
showing that the restrictive policy has
been continued by the Coal and Iron
company, also shows heavier shipments
by 34l7O tons than during the same
week last year. The total was 1914, ,69S
TONS against 160.52S tons. For the fiscal
year to date the shipments have aggre-
gated 1,ll9,70S tons, against 1,257, ,665
tons for the same time last year, a de-
crease of 137,957 tons.
A Wilkes-Barre dispatch says: "The
starvation story sent our from here to
the effect that there is unusual distress
and miners are starving, is eXaggerat-
ed. There are always cases of poverty
in this region, burt the charitable or
ganizations are able to care for them
The mines have been working with ac-
customed regularity. Some miners with
large families have a hard time get
ting along; but those in real want are
cared for by the public charities There
are no cases of starvation"
William Hodgins, a stationary en-
gineer in the employ of the Susquehan-
ma Coal company at Nanticoke for
twenty-five years, has recently patent
ed a high and low water alarm valve.
II is self operating. When the water
is low it gives an alarm by blowing
a whistle. and when there is an over
flow of water it also gives the alarm.
1t is easily fitted into horizontal or
cylinder boilers. The mechanism of
the double alarm is said by the Wilkes
Barre Record to be very ingenious and
its success is already certain as it is
simple, durable and reliable.
Speaking of the coal trade the New
York Engineering and Mining Journal
says: ut is an encouraging fact that,
despite the dullness of the market, we
hear of no flagrant case of low offers.
OF the companies we do not think that
a single one Us shading the circular.
Neither are THE more prominent indi-
vidual operators; and some of the mid
dlemen, Who a fortnight or three weeks
ago had coal to offer at less than the
| companies price, have, we understand
now disposed of their stocks, which they
bought at low figures and could thus
offer at very fair concession from the
ruling circular. 1T is fully recognized
by all that TO name lower prices would
not result in more business. The year
opens better than people expected in
| October and November. There is evil
dent u desire TO avoid the experience of
tine second half of 1894. We cannot help
| thinking, however, how well the COM
| panies restricted during the first four
months last year, and how on June / the
| output for the five months showed a
| decrease of nearly 5000 900 tons, as COM
pared with the corresponding period of
1888; and how, in June, everybody threw
wisdom and harmony to the dogs and
mined 5, 5,112,000 tons, and began to shade
prices"
Philadelphia Record: "The report of
the Lehigh Valley Railroad company
| for the year ended Nov. 30, 1894.
will be read with interest. The
company has earned gross sum of
, $7497, 14O.S0, and has spent for operat-
ing the road and for betterments 3d.
32O, 2O,S2925-having a balance of net earn
ings of $4,176,311.55. This, together with
income from other sources, has been
sufficient to meet the interest on the
funded debt and the rentals of leased
Tines, and leave "a small balance, but
has not enabled the company to resume
THE payment of dividends. The float
ing debt of the company has been
reduced nearly $1,000,OOO. The fall
ing off in receipts from freights and
passenger and the losses growing out
Of the strike have reduced the revenue
of the company over $2,OOO,OOO. Such
a combination of hard times and hard
luck sufficiently accounts for the fail
ure to pay dividends for 1894. The COM
pany, with Its double track completed
from New York to Buffalo, Is now in a
condition to earn money as a result of
extended facilities which in the con-
struction have heretofore been bur-
den upon its treasury. The Lehigh
stockholders may fairly anticipate,
with the general revival of business,
the reinstatement of the Lehigh Val
ley company as one of the strongest of
the great coal carrying roads,"