The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-01-31
TONNAGE DISPUTE Settled
Outcome of the Meeting of Coal COM
pany Presidents in New York.
PERCENTAGE or THE READING
II Is Fixed at 90. so Per Cent. of the Total
Output-It Has Been Coutcnding
for 2l Per Ccnt-GoOd Thing
for the Coal Trade.

The meeting of the presidents of the
anthracite coal companies in New York
yesterday was the most important held
for many months. An amicable agree
ment was reached concerning the per-
centage to be allowed the Reading
company and coal men everywhere in
the anthracite region rejoice in conse-
quence.
Nearly all of the ills that have heset
the coal trade for some time past have
been charged to the complications
growing out of the inability to agree
upon the amount of coal the Reading
company should mine. The officers of
that company insisted that they should
be granted u per cent. of the total out
put and those in control of the other
coal companies thought such per-
centage excessive and refused to agree
to such AN allotment. Indiscriminate
mining followed, the market was at
times glutted with coal and ruinOus
prices prevailed in consequence.
Last Thursday the presidents Of the
coal companies met i'm New York but
failed to come to an agreement and
committee was appointed to make up
report relative to the division Of the
tonnage for the year.
Attended Yesterdays Meeting.
This committee made it's report yes
terday at the meeting in New York
which was attended by the following:
Samuel Sloan, Delaware. Lackawanna
and Western company; T.. p. Wilbur.
Lehigh Valley Railroad company: ].
s. Harris, Philadelphia and Reading
Railroad company; j. Rogers Max
well. Central Railroad of New Jersey;
Eben Il. Thomas. Erie company; AL
fred Walter. Delaware. Susquehanna
and Schuylkill company; Thomas =.
Fowler, New York, ontario and West
ern company; Simon Borg. New York,
Susquehanna and Western; r. NJ. Oily
phant, Delaware and Hudson Canal
company; President Roberts, Pennsyl
vania Railroad company.
The report of the special committee
on tonnage was read at yesterdays
meeting at the conclusion of which the
following agreement had been reached
as to percentages: Delaware. Lacka
wanna and Western railroad 1885 per
cent; Delaware and Hudson, $50 per
cent; Pennsylvania railroad 1l.40 per
cent: Reading. 20.5O per cent: Lehigh
Valley. 1866 per cent: Jersey Central,
1l.10 per cent. Pennsylvania Coal
company, 1 per cent; Erie. per cent;
ontario ana Western, $40 per cent:
Delaware. Susquehanna and Schuylkill.
$50 per cent, and Susquehanna and
Western, so per cent
They Became Operative
These percentages become operative
today and will continue in force until
January l. 1897. They shall be subject
to revision after thirty days from that
date. The sales agents of the anthra
cite coal companies will meet today to
discuss the question of prices. Action
on production will be decided by them.
Among coal men in this city there
was much satisfaction expressed at the
settlepent of the tonnage dispute. In
formation received by some of the local
coal men relative to the New York
meeting conveyed the information that
the allotment made is satisfactory to
all concerned and that Presidents Will
bur, Harris. Maxwell, Thomas and
Walter have been appointed a commit
tee to complete the details of the allot-
ment.
More prosperous conditions in the
coal trade are now expected.