New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-09
Some Minino News.

From Goldheld New, Is a report that the
Commercial Association Of GoldhelI mas
hsep organized for the purpose Of building
m the Nevada town along safe. sane CON
seryation business and mining lines This
sounds all right. but there are some mem
ories Of the early days Of the camp which
are not inclined to 90 much on the con-
seryation" part Of the programme.
Virainian Railway.
The s25"oo.ono bond issue which * soon IN
appear of the Virgnian Railway, known a
the TldeRater road. brings that line to the
rubIc more than at any time since the
roads completion and formal opening. In"
roads construction was financed almost
entirely bv the late H. II. Rogers. and vas
conceived ny him as the most direct line
frcn, the coal region Of West Virginia TO
tideVater The haul from the coal fields
"a down grade. and a single locomotive Is
said 10 be able 10 haul 900 pay tons from
the mines to Sevalls Point coal pier, which
Is remarkable for the amount Of power
used Tie coal deposit I'm the ueldS near 10
the Vmsinian Railway are reported 10 he
enormous; some estimates give an approx
innate measurement Of between 100000
and - U0.G0 tons From this coal district
opened by the TideWater. come the Kama
vha and New River Pocahontas Goals. The
coal pier al Sewalls Point Is electrically
operated and has discharsins capacity OF
IJa tons an hour. Mr.. Rogers did not i've
70 ace the Pet of his ambition completed;
he died nearly two months before the
road made its first train haul
Wabash Earnings.
The Wabash Railroad report OF gross IL
creased earnings Of $500 for the fourth "eeh
Of April shows the first increase since the
last week il February. The report has
been generally accepted as encouraging.
because the preceding three weeks MAJ hed
a decrease Of S223or as compared with the
same three weeks Of 1911. The whole month
of April showed a gross decrease OF $--l''S'
The March decrease was Sl2py" ana rep
lUary WAS St0o60 The gross revenues ioI
the frst ten months Of the current year are
$4,000 short of those of the same period
last year, and the net results when pup
ished are predicted to show decrease Oh
about SL,JoO,C00. For the eight months to
FEBRUARY %, 1912. gross declined $4,000 ana
net revenue loss vas N,09j,1OO.
win SlGA a CpllhiAlOAl Va ''''''''''
cever Delano is having his trouble trying
to make expenses and income mt. 1t be
came necessary TO provide for May IN
tsrest OF 1870, go on bonds and extended az
per cent notes by issuing receivers ceruh-
Gates and the interest was PROVIDED lot
out Of 81. 10000 last sold.
With improvements under way completed
and the s3.50OOD0 Of new equipment dehv-
cred. the Wabash should be in a much I'M
proved condition by November of this year.
The Steel Prospects.
Charles VI. schwab. the well known steel
man and president OF the Bethlehem steer
Corporation. has returned from MS thre"
weeks trip to the Western coast. ana was
In good spirits yesterday when discussing
general conditions lie says the western
Conditions are good and that steel COM
panies are booking an exceptional amount
OF business. In speaking Of prices, he COM
mented Oh the low rates. but thought the
tendency TO he upward and that earnings
OF the various steel companies "ouid DC
better IN the current quarter than previous
H. On May IA meeting Of tine Stockholm
ers will vote on the proposed $0.U0oD Doho
issue, part of which will be used LOT coih-
pleting original construction as planned by
Mr.. schwab improvements TO be MADE VIII
cost about s2.OOO0OC. The crucible depart
ment Of the works Is 20 be extended ana
one mill remodellcd.
The Bethlehem Steel plant is said to be
smong the finest, II not the most perfectly
Appointed steel plant in the United States
Ar. Schwsb will be accompanied by a
party Of New York hnanciers, who VIII
thoroughly inspect the Bethlehem various
Properties
James j. Hills Views.
HE arrival Of James j. Hill yesterday
brought the subject Of the Great North
efh UP IS All interesting topic, AS Mr.. iiili
The chairman and frequently has things
+" say worth quoting Mr. Hill. when
asked about the changes IN Great
Noithe:n. said; Il am not ready TO give
uelalis OF changes In the Great Northern
wi both myself and my son will remain
oh oeck subject TO call We will both be
members of the executive committee"
referring TO Western conditions. Mr..
nlu said Everything looks well, the