The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-05-21
The Coal Trade for 1S40.
TLs-Nvx. a.. Afs.xo.s.

The quantity of coal sent by railroad this week ia
1854! O2-by canal 69o6 13-for the week, q AL 15
The increase this week is about 1000 tons over last
week The shipments for the CORES ponding week last
year, were 43, 464 tons.
ring the week-but about one-half still standing
idle; and what is singular, the demand for has not
increased to the extent anticipated Many of our ope
rators have not orders to keep their coeres in opera
ton week ahead. Unless the trade abroad for
ward there will be great suffering next winter 1t is
the regions and prices must rule high during the win
ter in those places inaccessible to the coal region.
The Committee Of Operators male report at the
meeting on Saturday last, which publish below
The Committee the state of the Trade, submit the
That they have visited Philadelphia and found the
market at that point not to have undergone any mate
rial changes since their last examination. At Rich
mond the stock has not accumulated, the shipments
having been about equal to the receipts. The amount
of sales the books Of the shippers there has
during the last week. beyond the shipments from that
port.
The committee regret to state that there still ap-
pears to be an apathy the part of Eastern dealers
relation TO early contracts for their supplies That
this will ultimately be to their disadvantage must be
apparent every who acquainted with the wants
OF the MARKET and the available means to meet those
wants Every prospect now indicates, that unless the
dealers abroad take immediate steps they will not be
able to obtain full supplies this season.
The same remarks will apply to the dealers ut Phil
adephia The suspension has continued for about
weeks, and has had the effect of clearing the
wharvcs at Richmond, and Of adding considerably to
the orders there but up to this time 1t has had but
little effect In inducing purchasers to come forward
and make contracts with the operators In this region
The committee ofthe opinion that this state of
things has been produced by false anticipation on
the part of the trade at Philadelphia that coal would
again be rushed into the market and n denreciation
take place, as In the last season, and, consequently
that our present prices could not be maintained The
dealers below, however will soon that their antici
pations unwarrantcd and faacious
The committee believe that the greater part of the
dealers In New York have become sensible to the I'm
porance Of laying in their stock without any further
delay. This course is advisable, measure OF pru-
dence and ought to be duly considered by dealers In
other markets.
The committee would again, in their last report,
urge upon every operator the great Importance Of ad
herring to the following principles
]. Not to send coal into market, except on actual
sales.
O. Not to send coal to any parties whatever, unless
the prices and terms have been previously determined
upon.
g. Not to 60 into market and force sales.
T. Not to sell coal for less than will AFFORD living
profit to the OPERATOR and fair wages to the
laborers.
Amount of ceal sent the Philadelphia and Read
ing Railroad and Schuylkil Navigation, for the week
ending on Thursday evening last