The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-01-10
INDUSTRIAL.

The managers of the Reading reor-
ganization announce that payment OF
the first instalment of the assessment
viii not be required IN January 10. The
stringent condition of the money market
is said to be the reason for granting an
extension of sixty days as to the pay
ment. but interest on the amount due
will be charged at the rate OF per cent.
per annum. No extension has been
made as to the time of depositing Sc
curities, which must be presented by
tonight at farthest.
II
In a circular sent to stockholders the
Lehigh Valley Railroad company an
| nounce that the management have re-
ceived proxies representing majority
of the capital stock. The annual cleo
tion takes place January u and II Is
understood no changes in the personnel
of the board of directors are contem
plated The report of the years opera
| tion is in course Of preparation and il
| is the intention to have 1t ready for dis
tribution among stockholders Il few
| days in advance of the meeting.
-:-:-
We have often taken occasion, says
the Philadelphia Stakeholder, to point
out the merits of the Scranton Traction
company. which by reason of the ter
| ritory covered has stability of earning
power, operating expenses being small.
traffic comparatively large and fixed.
| for the month of December. 1895. the
showing of the company is as rollows:
1895 1894
Gros earns $50. isoss s22ess75 Inc So, ,5l657
Oper'g eX... l4.O3l.J6 14,037.73 Dec 3l7
Net earns. .$l5. 1876 S626.0a Inc ST. 5l9 a
A striking feature in the foregoing
| table is the decrease i'm operating eX-
penses Notwithstanding the heavy in
| crease in gross earnings, making the
net gain quite the full amount of the
gross increase For the six months
ended December 81. 1895. operations of
the company are set forth as follows.
and are relatively as satisfactory as
those for December:
Grss s$l6S. $50 30 $137 9l5 78 Inc s3O. 52
Oper'g en-. SO.s7s.9l S0,962.29 Inc 1lia
Net earn's.S s7.55639 8 So 953 ~ Inc $50 60e 30
Net earnings as above. SS7 .556 -
| Fixed charges, including taxes. 81 ,3Sjo6
Surplus S., ,67l Ss
-
The anthracite coal trade. according
to Dow Jones. is conditioned as follows:
'''rhe belief that the anthracite presi
dents will be brought together some
time this month to permanently adjust
trade differences on a permanent basis
has created renewed interest in the
mining capacity and claims of the va
rious producing and shipping COM
| panies. Since the attempt. in the spring
| of 1898, to arbitrate differences, there
has been a material change in the pro-
ductiOn of the different interests. Those
companies which have made heavy
increases viii undoubtedly make claim
for an increase in the allotment There
is an absence of authentic returns for
the last half of 1895: so that anything
like a definite summary for the year
is impossible. However. it is known
that he Lehigh Valley has materially
increased it's output, which i'm 1894
amounted to 1852 per cent. and also
that the Reading has mined nearly %
per cent. of the total. as against 20.2 per
cent in 1894. and "A claim of 81 per cent.
made early i'm 1885, 1t is also under
stood that the Jersey Central has in
creased its output since 1894 by about
100000 tons. This. however, Is prob
| ably not more than it's proportionate
share of the total increase over 1894,
which is estimated at about 1000. 900
tons. The Lackawanna Is known to
have rounded up the year with in
creases Among those companies with
decreases were the Delaware and Hud-
son and the Pennsylvania railroad.
This feeling, which is now becoming
quite general in the trade that some
thing is shortly to be done. renders
views of sellers much flrmer, and has "A
tendency to check any further reduction
i'm prices.