The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-05-23

producer, since the rent labor and are
demanded cash, follows that cash or its equivalent
must control his operations. He therefore, arranges
With the dealer in the beginning Of the season for the
necessary funds and employs the force adequate to his
engagement. But the dealer Ia dependent upon his
customers the every day demand to sustain him, 1t
obvious that failure to fulfl his obligation to the
letter. viii reach the producer and Of check the
supply. The season. however, rolls on, and being fami
liar with the ultimate demands Of the market the par
ties who exposed 70 the contingency raise their price,
which eventually comes from the pocket Of the con-
sumner.
If such, then, ID the effect Of the "one ton system"
and tkeconsumers win reflect upon the condition Of
the markenpon the capital required to keep 1t in
active and healthy stateand upon the cost Of the
eral items that make up the whole of the cost,
it is believed they win lay in their orders at the earliest
period Of the season, and patiently wait until capital
and competition reduce regulate the price, At pre-
'ent the cost Of rent mining preparing and transpora
ion over the lateral roads to the Residing railroad or
ehuy canal IL So go for red ash to 81 10 for white
without the profit Of the contractor This added to
The transportation and freight to New York, makes
70 be met in cash OF IS 10 to IS 60 per ton. And
The consumption Of the city is estimated at million
and half Of tons, which at the cost Of mining and
light and half millions Of dollars.
Last year. according to returns from the several
of supply the entire consumption OF anthracite
coal exceeded 500 TONS being $751; tons over
the previous year. IL per cent increase This amount
added to last years business win make the demand for
1855 not less than 6,49o579 tons. But as the CON.
sumption last year was checked BY the effect Of the
Schuyler frauds the in Europe and the excessive
importations Of iron-new no longer acting against the
coal markst-we cannot estimate the business Of 1856
at less than 800 900 TONS The abundance Of capital
the scarcity Of goods in all the country markets. and
the prospects or abundant CROP with the fact that
our manufactures must DO kept in motion, warrant
more extended estimate. But the country is not
exactly in csndition for suspendng it's operations,
and 1t is generally understood tho coal trade
menced the year with clean yards, eannot suppose
500 toms ever would felt at the several places Of
consumption.
Up the 18th Of May the total receipts Of anthracite
coal amounted to about fourteen hundred thousand
TONS leaving the quantity to arrive during the remain
der Of the season. to meet the aggregate consumption,
about Ave million i've hundred thousand tons. This
enormous amount Of coal has all to be transported to
tidewater in the space Of twenty eight weeks An
rage arrival Of two hundred tons per week for the rest
Of tho year must realized to meet the required wants
Of consumers The weekly receipts thus far have been
considerably below this average and the works Of trans
poration must he much astvely employed to meet
the demand. The price Of cea from this time out de-
ponds upon the ability and deposition Of those engaged
directly In getting out coal for market They re-
gulate the supply as prices justify, and they viii not
keep up fun receipts in the face Of falling prices Time
waits for mainland coal dealers but men, they
affected by the progress of the others
who have just many weeks months to lay in so KS
for future consumption. the consumption and pro-
ducton Of coal kept pace and moved together IL would
be well enough but the consumption Of coal Ia great
est when the production is the smallest follows that
stocks must DO accumulated to meet the demand when
supplies nearly Any reduction in prices caused
by limited demand, would be very likely to reduce our
weekly receipts and every ton taken of from our week
receipts now, would help up prices at the close Of
the The laws Of supply and demand are 80 ar
btrary that any deviation in is to be felt in the
other Is pretty clearly established that the consump
ton Of anthracite csa during the year 1855, viii range
from 500 900 to $500 900 tons If BY any the
supply should not amount to than 900 TONS
to 900 tens. Now the effect Of this deficiency
than double the entire value Of the quantity short It
Is the interest Of the coal dealer who has capital enough
to lay in full stock at the opening of the season for
small consumers to hold back and not make their pur.
chasts until fall, for limited consumption or rather
mited purchases throughout the calculated
70 check receipts, and ultimately enhance prices
The annexed statement exhibits the condition Of the
banks Of Massachusetts, the 7th Of May, 1885, accord
ing to returns made to the Secretary Of State
BANKS OF MAssACHusrTrs-MAY 1851