I think I see what you're getting at, in the bigger picture, since you originally asked about continuous effort as well. Horsepower isn't related to STARTING tractive effort, but.. well...
Let's take (since your pic is the ALCO emblem) an example of the ALCO-GE 1600 HP units built at the same time with four axles, and with six axles and with the same generators and traction motors. RS-3 and RSD-4 models, that is.
Both are 1600 HP, both use the same generator; we'll give both the same traction motor gear ratio of 74:18. The four-axle unit has a continuous tractive effort rating of 52,500 lbs at about 9 MPH, while the six-axle unit has a rating of 78,750 lbs at about 5 MPH. Note that with identical motors, and with other equipment not limiting (generator, cabling) the continuous tractive effort value PER AXLE in pounds force remains the same. For this example, it's 13,125 lbs per axle.
The six-axle unit develops more continuous effort since it has more traction motors through which to spread the power. It develops that higher effort at a lower speed, since the real limit is load current (heating, actually, due to load current) which increases exponentially with decrease in speed.
So, we see that the six-axle unit has a considerably higher tractive effort and thus drawbar pull at lower speeds. It also weighs more - say, up to 360,000 lbs versus around 250,000 lbs. Using a thumbrule of 25% of adhesive weight on drivers as starting tractive effort, we get a STE of 90,000 lbs versus 62,500 lbs.
If we knew the values per axle for one unit we might be able to guess them for the other as you can see. But you'd have to be sure nothing else were limiting in either case.
One general, broad rule is to take the horsepower, multiply that by 308 and divide that result by the speed you're moving at and you will get the tractive effort developed at that speed. You MUST keep in mind though that "308" is a rough number and that if you take the actual manufacturer ratings for various locomotives you'll find, if you do the math, that the result is a number OTHER THAN 308. They can go from just under 300 to over 310 in fact. But, ROUGHLY, for many purposes it's a good number.
WEIGHT tells you how much force you can apply since for any given type of transmission and wheelslip control, when you use a thumbrule of "percent adhesion" (like our 25% in the example above.) HORSEPOWER tells you how fast a locomotive can move what it's pulling. CONTINUOUS EFFORT is a function of things NOT related to weight but rather to equipment design, gear ratio and wheel diameter in the vast majority of cases.
Vast majority, you say? Let's go back to our ALCO-GE 1600 HP locomotive example. They also built 1600 HP units with A1A-A1A wheel arrangement and thus only four motors but six axles. A good weight value for these units is about 237,000 lbs. That gives us 158,000 lbs on drivers. Starting tractive effort for such units would thus, at 25% adhesion be 39,500 lbs. Now, this design had four of the same traction motors as the others, and same engine / generator too and so theoretically the continuous effort would have been 52,500 lbs. But notice - that's ABOVE the available tractive effort as limited by that light weight on drivers! You thus theoretically cannot overload these units electrically since they'll slip continuously before they'll overload. For units such as this, there really isn't a useful "continuous tractive effort" rating since they cannot overload - but they can't pull a whole lot, either.
So, NO, in starting tractive effort horsepower is out of the picture. Once you're moving, it comes into play at all times.
-Will Davis