The New York herald., 1866-08-04
coAl-lTs PRODUCTION AND ITS PRICE.
TO THE EDITOR OF THE HERALD.

TO THE EDITOR OF THE HERALD.
He who makes two blades Of grass grow where but
grew before is less public bcnefactor .han he who
makes dollar go far as two did In the purchase
Of those things that needful to the daily life
comfort OF the community Coal, in Its universal use
and absolute need by ALL takes rank with bread among
the necessares Of life, and its price matter or mo-
mont TO all and OF great moment thousands in the
hand who endure many pinch when It's price reaches
the great figures Of last winter 1t is prevent the re-
curence OF such calamity to combat the attempt on
tho part of coal operators steadily advance prices to
shese figures again for another winter that propose
70 sec where and how stand in the matter Of supply
sfcoal The business has justly been regarded for
few years past of great profit Millions OF dollars
have been invested in developing coal lands and enars
ne the means OF transporting the product OF the col
heries TO market This Is all we'll sound and legiti-
mate IL is enterprise that should be and viii be well
warded; but there Is reason in all things We now
beginning to reap the fruits Of this state Of things
These new enterprises are beginning after another
70 come in full operation into market and the unprece
eented increase IN the supply thus far this season Is the
natural result. aEA s'w
Up July % of this year tho increased supply actu
ally sent TO market and sold amounts to 2l72 100 tons
there were mined and shipped in all this year up to the
above date $685., 3f tons; up TO the dale last
year 462 Dol tons showing an increase OF 2lT2 100
Nor Is this all, for although enormous increase OF
supply has been reached there have been great inter
nplions The Lehigh region has been much disturbed
all the time and for several weeks almost a stands
yet this region alone, demoralized us IL made by
srEes and counter strikes has marketed increase Of
A29 482 tons over the same period of last year The
Peunsylvan Coal Company OF very largest pre-
dncers OF COAL owing TO disagreement to OF
freight with the Erie Railway Company whose road
their coal goes TO market did not send forward particle
OF coal for over three entire months viz: from March
30 TO the early part of Jnly astyet the face OF this
the increase is 2 I72, 100 tons.
The Delaware and hudson Canal Company mined last
year 759,6 500 tons They have already sent forward
ga iao TONS and will probably market an increase this
Tear of SOC, 900 tons All tho regions working
hoQthy the increase is growing larger each week. and
ths question has begun TO assume with the operators the
very practical shape Of what to do with the coal The
belief is unanimous that a row must be raised some
where-somebody must strike, some canal must break
q the price must break down.
Heretofore an annual increase OF million tons per
annum OF demand considered full allowance: vet
already thus early this the supply has increased
twice and quarter this allowance making at the same
te an increase Tor the year or say four TO five millions
ef tons This amount the market prices
SOW rullng SO great an aount is not wanted II may
b sad In oppostion 10 our view OF the case that the
coal thus FAR has all been taken by the market Very
0ue; men loarn wisdom by experience Those who
have been unable from any cause disncincd to buy
their coal early for past have purchased Their
stock and received IT. they supplied and do want
any more this season at any price, meanwhile the pro-
lucnon goes steadily forward and the coal comes TO
market. Prices at this moment need backbone; they
Beed something TO stden them up;" they in dan
alone, they viii be gone The recent sale
falling of In price, and the preceding despe.
rate push to keep tho thing up -s
The amount transported over the Reading Railroad has
hssn unprecedented and still continues yet they boast
that their energies have not begun 10 be taxed and that
eheir capacity is unlimited. This road advance their
tolls coal cents per ton on the 9th inst
1hB cannot, In the present show Of the market, be
added the price oi coal In the market but something
must give way 10 balance the rise. - \. t.t.sr
Just SURE as the present production OF coal confines
a0d there II reason why II should not prices must
sscedc TO q reasonable rate Tor there 10 not demand for
- large An increased amount tsee.sa~ tls,tee.t