The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-01-23
INDUSTRIAL TOPICS.

The traction companies of New Jer-
sey have formed q combine. The mo-
tive is to help each other in case of
strikes and to influence legislation. The
Schuylkill Traction company, whose
lines extend from Mahanoy City to Ash
land, Il distance Of fifteen miles. earned
S1.4S1.25 in December, and had left net
$3,ll7Sl. This is u pretty good show
ing.
The construction of a railway be-
tween Hiroshima and Shimonoslki has
been sanctioned by the japanese gov
ernment. In addition to these, lines will
be constructed to connect, firstly. Sase-
DO and Tsukayaki; and. secondly, Ku-
mamoto and Mesumi. The first mem
toned of the above will be branch Of
the Sango railway-110 miles long; the
estimated cost being $4,000, 900.
Philadelphia, Jan. 22.-It was an
nounced at the office of the Pennsylva-
mia Steel company that the affairs of
that concern and the Maryland Steel
company, which are in the hands of
reorganization committee, are in a
fair way for settlement in the near
future. The matter of reorganization
is now before the master, and, in a
short time, his report will be made to
the court. When this shall he done,
and the necessary legal requirements
complied with the new company will
take charge of its affairs and the re-
ceivers will be discharged by the court
All of the creditors have assented to the
plan of reorganization.
The Rock Island will, during the COM
ing year, extend its tracks northward
from Liberal, Kas., which will give it
the most direct route to the City of
Mexico. The proposed extension will
run from Liberal down through
No Mans Land, crossing the
Denver, Texas and Fort Worth line at
or near Duncan, Tex, thence on to
Fort Sumner on the River Pecos, and
then to the White oaks country and
Fort Stanton. At this latter place a
connection will be made with a line
to be constructed from FL Paso along
the east range for a distance of about
$50 miles. This extension will make n
short line to FL Paso where a connec-
ton will be had with the Mexican Cen
tral and give the Rock Island the short
est line between the East and the City
! of Mexico.
The statisticGan of the trade has COM
| pleted his computation of the anthra-
cite shipments for 1894 the total being
Al ,39l 1893 tons, compared with 430S9, j36
| tons in 1893, decrease Of ,69S, 1897 tons.
The Public ledger thinks the cold
weather has improved the demand foi
coal considerably. The increased sales
/ have reduced the unsold stocks, par
| ticularly at New York. If this cond-
! ton continues it will have an excellent
effect upon the trade especially as the
companies are keeping down their out
put for the current month to something
like the percentage arranged before
New Year Day. The better demand
and the radically reduced production of
fresh coal, taken together. are getting
the trade upon more healthy basis,
because the former unsold stocks are
thus largely drawn upon to supply con-
sumers. The committee which Is en-
deavoring to gather statistics and ar
range plan for allotment Is not max
ing much progress. The members have
not got all the necessary figures COM
| piled nor are they able to guage the
capacity of collieries owned by indi-
vldual operators or practically control
their actual output in case a basis is
reached.