The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-12
Aug TO- o. $50 los 10, s3l, Sos ss55, se3 1l2s39T2
Aug o. si,457,OaS 7s,7slI7o s,sll,Soo lI3o5, 072
Sept L.. 9l,3oi,lss 72,s5672T s,oS4, $40 l4,7146lS
Sept g. OIL $685. 44 rs, S31, 236 $685. TOT l44A63l7

Aug 70 1ssss1ay So So sss ssSis
Sept. o.. si,52s.24a 1881 ,23S SECESSION i,4A6al7
The returns for the week ending September compared
with those for the previous week, show increase in
discounts Of sl3 1885, in deposits s074 $780, in crcala
ton 075, and decrease in specie of S26S 3Ol Had
the California steamer via Aspnwal arrived in time,
should doubtless have had more favorable exhibit
in the specie department The Nicaragua brought
about half million in coin. which went Immediately
into the banks In the face Of expectation OF about
and half million, the banks lost only about quar-
ter OF million.
The copious rain Of Saturday night and Sunday morn
ing has doubt been of great service in filing our
canals and placing them again in fine navgsbe order
The Delaware and Hudson Canal Company have bsen
obliged to nearly suspend operations and boats other
canals have been compelled to reduce tn cir loads very
materially The Chesapeake and Ohio Canal, connected
with the Cumberland coal region has not been obstruct
in the least by the drought and the coal companies Of
that section have been able to get to tidewater their
full complement of coal. The Cumberland Coal Compa
ny for time past been delivering coal con
tract at tdewater faster than purchasers could take
il away and 1t has been accommodating their docks at
Baltimore and Alexandria. This company is not in
the market sellers of coal having already contracted
for the delivery Of full much they get out un
der the most favorable circumstances, at prices which
ensure the payment of dividends regularly hereafter
The mprov ment noticed in the navigation OF the canals
Of this State and Pennsylvania will give greater facilities
for the transportation of coal into the interior and to
the West and may reduce prices to along the
western lakes but it Is question il it not too late to
benefit the seaboard much So much depends upon the
state of the weather that it is difficult to tell anything
about the course Of prices. An early severe winter
would put up prices in face Of uzusualy large sup
81
contrary effect moderate stocks We annex COM
munication, the arguments Of which cover the whole
ground. 1t is well worth careful perusal-
The CONSUMPTION OF Coal IN THE UNITED STATES
There is agleat diversity of opinion existing ia the
minds Of those most familiar with the consumption and
production Of COAL az to the extent Of supply and de-
Iand and consequent effect upon prices for the coming
winter What intended to be done by the operators
in Pottsve in order to sustain prices has been partly
effected by the of Providence Already for the first
time in its existence, the delaware and Hudson Canal
has been nearly dry for period of six weeks the com
pany have been drawing from their feeders and their
there has been deficiency of water other canals
which coal furnishes transportation.
Il is therefore important to the interest Of the con.
that he should weigh well the consequence Of de
laying the purchase Of coal, and the effect upon his
purse before yielding to the camors OF the press upon
the 'borri3 monopolists 1t is well known fact that
only the rich purchase their coal at the lowest prices;
the poor, unfortunately, unable to avail themselves
OF the opportunities frequently afforded Those who say
than those who say will be higher because if rich
NJ poor on the approach of swapping cold both en-
them buy by the half bushe In addition to this the
tendency Of the arguments of the fAvorsrs Of low prices
and deferred purchases to induce operators lessen
the production and create precisely the evil the press
seem anxious to avoid. For instance, if it we're gene
rail-; believed that coal would be $40 per ton who
doubt that our yards would be a
In order to obtain correct idea Of this ncreas
ingy important subject let see what agency coal has
probation requires knowledge of ,he modes Of
sumption, as well as the sources of production Any
one who suppose, tina. the hearths, ranges
affairs on which caoric is generated and offered up
to hs cupidty Of coal dggers will and examination
1t is FIRST to be rememb ered that wood fuel is
rapidly disappearing The forests have fallen under the
axe A man might travel many q weary league before
he could find any considerable field Of growing timber
which its proprietor would sell at reasonable prices aud
when found it might not be apparent how it to be
transported to market The steamers which ply in
land waters the locomotives that thread the land to-
geher with domestic and necessities bave
in the last few years. made such havoc with stately
woods that the farmers coming much to the sub
stitution Of coal for wood their hearths
Meanwhile, the demand for wood for the various
IN Tss
is constantly increasing and disastrous 6res are
raging in tie forests Of Maine, New Hampshire,
of Cbamllsiu the SUBMITS of the Catsk and in
Western New York. In Canada Vest the people aee
fact of no little pertinence is that cord Of wood
ces much ton of COAL while the latter yields
twice and half much steam power That all rail
roads must ultimately to the Of coal aud COKE
is as inevitable as the laws of trade.
Considering wood, therefore, retiring from the field,
may be said tist coal sustaGs ndu sria force of
the country There s scarcely interest that does not
rsst upeo It II 6fuses warmth and comfort through
dwellings and public buildings in winter 1t is indis
penable in the bakery and the ktct en-wthout it
iron hills uravapg for II is necessary TO smelt the
or.s, and, afterwards to work them into the fnnumer
able shapes to which they eestnes The numerous
furnaces of Maryland the vast number of foundes of
Fcnpsy vana, require large quantities of 1t is
every where the shores of Chanplain, ready TO
perform It's work the ore aud throughout the
mde States piles Of it attest its necessity In the
nufacture Of glass alone 70 COO tons of coal Annually
consunos I'd east Of the Allie ghanies.
Think of tie tbousa16s Of blacksmith FORCES which
CLOVIS There is scarcely city but is giited By the
little gases exit acted from coal
There in the city of New York four thousand
productive manufacturing establishments with cs pi
tai of forty million employing hundred thousand hands
ard turpf cut annually their manufactured articles
the value Of hundred and twenty Millions. The steam
marine Of this city is only exceeded By that of Great
Britain and all its dependencies by 10000 tons
What OF these steamers would turn paddle but for
tie agency OF coaR
Numerous and continuous fres-fres that never cea e.
are at work consuming coal where msn who have not
looked into the subject would hardly dream Of In the
brick kns for instance and for burning lime, the
sumption is For the former purpose il has
only been used but few months but there saving
Of 40 per cent in fuel and in time and labor than
40 per cent, By the use OF Cumberland COAL it will
be generally useo.
You cannot afford room for an extended enumeration
OF the myriad of COAL and nothing but nklipg
OF the real Of the cca mines
of the country is intended and to show that article
Of such prime and absolute necessity required in such
ard for srch countless purpo es cannot be put
up and down in price by the delay of house in
this city for few weeks in laying in their necessary
winter supply. II is simply absurd. Yours. A.
Stock Exchange.
MONDAY. Sept. IL, 1854