The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-01-15
INDUSTRIAL TOPICS.

A new electric railway is to be built
in Detroit, and run on a three-cent fare.
1t is said that the two fields in which
the electric motor has of late made
greatest inroads are those of mining
these the development compare in i'm
portance, if not in magnitude, with the
advances in electric railroading.
Production of iron and steel is going
on in excess of demand, but manufac-
turers expect that necessary repairs,
renewals and additions to plants by
railroad companies, car manufacturers
and other industrial enterprises will
have a stimulating influence in the near
future.
Final notice has been sent to the
creditors Of the Reading Rolling Mill
company, and Cofrode & Saylor, in
corporated,, that application will be
made to the courts for a writ dissolving
the receivership and restoring the busi-
ness to the control of the two corpora
| tions on Feb. l next.
During 1894 the Pennsylvania Steel
works made more girder rails and
street railway crossings and switches
the rails being girders. There was AN
encouraging activity in bridge and
structural building. and q fair demand
for slabs and blooms. The company
has had three furnaces in blast nearly
all year. December was a fairly active
| month in certain branches of this big
plant.
The gross earnings of railroads in
this country in 1894, as given by the
Financial Chronicle, show, as was eX
pected monumental losses. The aggre-
| gate decrease as compared with 1893
was more than $112, ,000, 900, and if COM
| pared with 1892 the loss is $137 900 900.
| These figures are only preliminary ana
the Chronicle estimates that complete
returns will increase the gross loss as
| compared with 1893 to $3.50, 900, 900, or at
the rate, say of s12,0OO,OO0, per month.
The employ of the Delaware and
Hudson mine department under the
| supervision of Assistant Superinten-
| dent Patten, of Olyphant, are engaged
| in sinking a bore hole near the Lee
| homestead on the south side of Carbon
dale. The hole, which will be ninety
fest deep and large enough to admit
| a pipe fourteen inches i'm diameter is
forthe purpose of draining the Powder
ly mine. The pump will be one of the
most powerful in that section.
| The application of William A. Dick
for the appointment of master to con-
duct the annual meeting of the Lehigh
Valley Railroad company was, as ex-
pected, refused, and the petition dis
missed. Thus the Dicks have lost an
other point in their speculative fight
against the present management of the
company. Indeed, they have suffered
nothing but defeat from the start, and
| the climax will be reached at the an.
nual meeting of the company today in
Philadelphia, when the Wilbur man.
agement will be cordially reelected.
The following points are taken from
the recent annual report of President
| Harris, of the Reading railroad: at
takes, roughly speaking, an expendi-
ture of from 100000 to $l5O,OOO, and
about two years of time to fully develop
a colliery capable of producing 100000
tons per annum. The anthracite trade
while it has periods of advance and
temporary retreat. has on the whole
| grown for many years with great
steadiness at the rate of about l 1,25O, ,00C
tons per annum.N The Reading com
panies legitimate share of this in
crease is from 250,0O0 to 10000 tons pei
annum. This increase alone would re-
quire the expenditure of from $500, 0OC
to 100000 per annum to keep always
prepared for the increasing business
The cost per ton of mining coal durne
last year was $2.45 2-lO, which is less
than the cost i'm any previous year OF
the past fifteen years. with the excep
tion of 1887, when it was 1-l0 of a cent
lower"
AS a result of negotiations whchhave
been pending for some time the Butler
breaker and the right to mine the Goa
beneath the Stroud and Chamberlir
tract have just passed into the hand.
Of William Grifiiths, of West Pittston
Morgan ID. Rosser, of Kingston, ant
a. G. Gilmore, of Scranton, who will
soon begin operations. The lessees art
experienced coal operators. Mr.. Grif
fidhs is a civil engineer. Mr.. Rossel
has for years had charge of the col
lieries of the Kingston Coal company
He will be the superintendent of thi
company. His son, who has had tn,
benefit of his fathers experience in tn,
coal business, will remove to Carbon
dale and the mine will be under his care
Mr.. Gilmore is the senior member o
the wholesale grocery firm of Gllmor
Duffy, with an enViable business
record. The product of the collier,
Will be shipped over the Erie road !
large number of hands will be EN-
ployed.