The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-07-27
Highest Of al n Leavenipg Pove-Laea s. Govt Report
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ABSOLUTELY PURE
news OF OUR INDUSTRIES
Happenings Of Interest to the Staple
Trades and Particularly to the Trade
In Iron. Stccl and Anthracite Coal.
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Washington, July 2s.-The forty-one
Philadelphia national banks report to
the comptroller of the currency that
on July II they had $s1, ,625. 900 in loans
and discounts; $21,050.O0O in lawful
money reserve, of which $7,9S9. 900 was
In gold; and $99. $4,000 individual de-
posits. The average held was 34.19 per
cent.
Cleveland, Ohio. July 26.-The H. p.
Nail Works company announced today
that the rod mill will be closed indefin-
itely tonight. The strike committee
gave the company until Aug. l to decide
whether an advance of twelve and q
half per cent. would be given the men.
The superintendent states that the de-
mand cannot be granted ,and 1t has
been decided to cease operations en-
tirely.
Pottsville. Pa, July 26-The dele
gates Of Division No. I. Of the United
Mine Workers of the anthracite coal
region met in their bi-monthly conven-
ton here today. Fifty branches were
represented. President Rim reported
that the factory inspector had declared
his intention to visit this district next
week to exclude boys under the age pre-
scribed by law from working at the col
liery. 1t was agreed also to hunt down
all fraudulent mine certificates with a
view Of punishing the forgers.
Gensral Ma1agar Henderson, of the
Reading Coal and Iron company, denies
that his company has made a reduction
of 10 cents on coal to city and line trade.
He said coal was being sold below cir
cular price by all companies, but his
company had not made the radical reduc-
ton 1t was credited with, and had re-
fused orders at much higher figures.
All the iron and steel mills having
offices in Philadelphia are filled with
orders sufficient to tax their capacity
for several months, and, owing to the
heavy demand. this week has exper-
fenced advances in wrought-iron pipe,
hardware, nails and other leading arti-
cles. Bessemer pig is selling at about
$l4G145O. Pittsburg delivery, and sales
of $4,000 tons are reported equal to
s135O@1375 at valley furnaces. Steel
billets are In active demand at $2150@
2l.75 at Western works.
Philadelphia. July 26.-The June
statements Of the Reading Railroad
and Coal and Iron companies were is
sued this afternoon. The gross receipts
Of the railroad were 81, ,726, ,73O, and the
gross expenses. $976.552. Net receipts
from other resources Of $61, ,10S, added
to the profit in operating. make the
months profit $S11,2S6 Total charges
Of $S26,651, deducted from the profit,
leave deficit for the month Of $14, 1866.
Compared with June Of last year, the
Increase In the deficit Is $166,641. The
deficit of the seven months Of the fiscal
year to date Is $sO5, ,562, a decrease Of
s344,991 from the deficit Of the corre-
spending period in 1894 The gross re-
ceopts Of the coal and iron company
were $1,47352l, and the gross expenses,
$1,42l, ,172. One-twelfth Of the current
years fixed charges, $96, ,OO0 deducted
from the profit in mining. leave deficit
for the month Of $42651. AS compared
with June, 1894. the increase in the de-
felt Is $132, 2,1S3. The deficit of the seven
months Of the fiscal year to date Is
81, ,059, ,219, an increase Of $206, ,S75 over the
deficit Of the corresponding period last
year.