The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-30
MON NY MARK K II.

TsuDAr Oct 2p--gPM.
The stock market continues active and prices are
we'll tustained. The dne weather doubt has q fa.
Vorsble influence upon the movements Of spesulators
and keeps every In good spirits At the first board
to-day, Delaware and Hudson Canal advanced u per
cent; Erie Income Bonds, y Morris Canal, =; Hsr.
lem a. All others closed at yesterday prices There
were large transactions In Reading Railroad aud Nor
ris Canal. Public works connected with the coal
trade iavoritss and the operators Of the thrss
principal cte. in the nioa deal largely In the above
naed stocks tits argued by many that because these
atscks have been 20 long and largely deprecated
there Il no possibility OF their being worth any.
ching Such reasoning is Ridiculous and still
Ne End many prnctiiing &C. The coal trade In
shis county Jet in its infancy. Thirty years ago
three hundred tons % anthracite coal gluited the
mafiet fr nearly sn entire season. And was
dispofsd o with difficulty. Nov, anything less than
three and bali millions q tens Is scarcity, and
raises prices very materially. IL IL stated that the
amount Of coal brought 70 tide water the Chesa.
-.sks sAd Ohio canal from the Cumberland coal r..
,,o, o., the 6rst dsJ Ct navigation. was more than
the total supply Of oosl brought 10 market In 1872
Thi, feet shows how rapidly the consumption of the
article has increased. and sives pretty good idea
ei what the next thirty years will produce IL is
cur Impression that the consumption Of eSal In Ia
United States IN ten years will be than double
u
In the city and north Of Philadelphia last ysSrlsso
vas bstween two and half and three millions Of
ton, This qusstity Of coal wss brought {. market
BY about eve lines Of works, the Reading railroad,
schuylhm canal. Lehlsh canal Delaware aud iIud-
con canai. Morris canal and Raritao canal. Sons
Of thee works entirely engaged in the traRpcrta
tIon Of ccal While others make II the principal psrt
Of their business. There can be no addition 10 the
numter Of usrks In connection With the coal trade.
Those named above mutt monopolizs the transports.
ten OF anthracite coal TO market and Il Is only BY an
increase in their capacity, that they will be abs
20 Keep Up q supply sufneient TO meet the rapidly
increasing demand. The construction Of oceao
t..rsbps and the enormous iocresse In this branch
q business will require grestspTly Of zeal suitable
for consumption in sea, going ships When u is con-
sidersd that one Of there ocean steamers consumes
from Eve hundred TO ore thousand tons Of coal Ian
thraee or bituminous) each and every voyage, some
idea can be formed Of the immense amount Of coal
shSch win be consumed IN TIL, way annually, In ave
Or ten years In ten yesrs shsll have large feet
Of sea going steamers We have now about twenty
ocean steamships makirg regular voyages from this
pert 10 different parts % the world At moderate
cslcvIston each one Of these steamers eonsorae, on
tberoutvard voyages about eve tons of cea
per snnum. This will give an aggregate Of one han.
Sr,d thousand tons Cor the year for these vessels
Fsur years ago We he'd not enc ocean steamer aas,t;
Ne have twenty; ten years hence i the eonsroc-
Hcn contlnues at the present rate We shall have
port. Five hundred thousand tons q zeal sill thea
BE- r,quird annually 10 furAish them Witb supplies
spmei,ut tor their tutsard voy'ge, rhsss facts