The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-02-06

meeting.
In conformity with the sales agents
recommendations, the Reading Coal
and Iron company has restricted it's
output sharply. Out of 52 collieries in
working order 80 will be idle all this
week The remaining 20 will be run
8 days in the week, 7ls hours day.
This will reduce the company's produc-
ton to about one-seventh it's actual ca
pacity.
Eagle Hill colliery. located about two
miles from Pottsville. one of the large
operations of the Reading Coal and Iron
company, is on fire and every effort
is being put forth to extinguish the
flames. The fire exists in the west
Skidmore gangway and started in
breast No. 20. Just as to how it orgi-
mated the officials at present are not
ready to advance a theory. \ pipe line
about $500 feet long is pouring
stream upon the fire. but no good result
has as yet manifested itself. A por-
ton of the gangway has closed In and
this will prove a serious obstruction to
the prompt extinguishment of the fire.
Eagle Hill colliery. when in good work
ing order, ships between $4,000 and 90
900 tons Of coal monthly and employs
500 men and boys.
-:-:-
The annual report of the Cambria
Iron company for the fiscal year ended
Oct. 81, 1895. shows total sales Of 270,-
5l3 tons for $7.0Ol. 045, an increase of %
per cent. In tonnage and In value over
the preceding year. The net profits
We're $641, 1876. and the receipts from
royalties and other income made the
total revenue $7l9.331. or this amount
5000. 200 were paid in dividends equal to
4 per cent. on the aDital stock, 900
was paid for guaranteeing the stock
issue, $3.50. .7O4 for betterments and other
deductions brought the total payments
to $595,1S4, leaving balance of $l2i,l ,l46
to be carried to the profit and loss ac-
count. The amount to the credit OF this
account is now $3.7oS. 100 The real es-
tate and Improvement account is placed
at $7.6S2.520. The capital stock out
standing at the close of the fiscal year
was $7.974.550
c.. +. King & Co.. contractors. COM
pleted the Buck Mountain tunnel for
Coke Bros. Il Co. on Saturday, says the
Hazleton Sentinel. The tunnel is
about half a mile In length. and was
five months ago. 1t en-
ters the mountain in Laurytown val
ley and was driven for the purpose of
draining the water from and reaching
the old working of Buck Mountain col
liery, the pioneer colliery of the Le-
high region. The tunnel was worked
from water level and the water finds
it's way into the Lehigh river. AS soon
as the finishing touches are made to
the tunnel operations to mine coal will
be commenced by Coke Bros. & Co
The coal will be brought from the mines
through the tunnel. and then hoisted
up the mountain on plane 1,5OO feet
long Four cars will be hoisted at
time and 30-ton locomotive will be
put in use to haul the coal to the Eek
ley breaker. distance of two and q
half miles. The roa dbed to Eckley is
and 1t is the finest coal road
bed i'm the region. When coal was first
mined In that place the science of min
ing was not down as fine as at the pres
ent day. fully so per cent. of the veins
still remaining to he mined.
The Philadelphia Inquirer is still sore
1t remarks: An examination of the
coal percentages shows that the Penn
sylvania railroad is the big gamer and
the Lehigh Valley the big loser by the
fight the Pennsylvania railroad never
showed that 1t could mine 1l.40 per
cent. of the output, while the Lehigh
Valley clearly did show that it could
mine more than 1866 per cent. The
outcome is distinctly a victory for the
railroad. which is now
awarded percentage that will keep
it's capacity employed to its fullest eX-
tent. How the companies Jared Is
shown in the table given below. the
first column representing the conclu-
sions of the sales agents as to the col
liery capacity of each company. the Sec
ond column representing the best actual
results under the most favorable cir
and the third column rep
resenting the percentages allotted last
Cap. Act'l. Alrd
Reading ......................209S 21.36 2O5S
Lehigh Valley. 1872 1866
New Jersey Central. l.......1i.T 1l7 11.70
ID l.. 4 W............12 100 IL 81