The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-08-13
CITY INTELLIGENCE E.
THE COAL TRADE.

EItuntt0u-T0e Increased
Tho Resumption In the Lehish Resion-
Quotations, Etc. Etc.
The coal-consuming public are now being
urged to lay in their winters supply of coal at
as early day as possible on account Of pro-
bable rise in the price of the commodity in case
of their failure to do so. This advice, always
proper at this season of the year, is much more
90 at the present time.
Though the miners have agreed to go to work
at reduced rates, 1t appears that the public are
not to obtain any benefit from the reduction.
THE, however, is what might naturally be ex-
pected from former experiences. Cold weather
is always made use OF as an excuse for a rise in
price, whether there is much of an increased
demand or not. Consumers, if they are of the
thrifty kind who have a lookout ahead now
and then, always purchase their winters supply
at about this time of the year, so as not to be
troubled with the increased rates.
But some of these are holding back from pur-
chasing Just now, in expectation of decline on
account of the resumption, which, having taken
place at lower rate of wages, should put an
increased supply in the market at low rates.
The very abundance of the supply itself should
lower the price if nothing else. But 1t seems
that the railroad companies are to advance the
tolls for carriage proportionate to the decline in
prices caused by the increased supply and the
low wages, so that the consumers at this market
will not obtain any direct benefit from the re-
sumption.
Under these circumstances those who are
waiting for the expected decline are urged to
buy at once, it is thought that the present are
the lowest prices which we will have this season.
The rates of toll and transportation will be in
creased fifty cents per ton on the first of Sep
tember, and the other transportation companies
are expected to follow this lead. 1t is said that
these rates may be increased again on the 1st of
October, which is not at all unlikely, seeing who
it is that does it, Coastwise freights will in al
probability be advanced also. For this
eumers at large have to thank the Reading Rail-
road Company, who, not content with present
rates, which barely if hardly allow Philadelphia
merchants to compete with those of New York,
are determined to stick close to the margin,
leaving every inch possible for themselves.
The public is, however, warned not to rush
into the market, and by so doing produce rise,
but to go in easy, as it were, taking it lightly,
and being not at all anxious, as under usual
circumstances, though decline cannot be
looked for, no advance in figures at this port
will take place at present. regular but not
overwhelming trade, using up the Increased sup
ply, will tend to keep prices down. The hold
ing back of all purchasers on the contrary will
only tend to produce an upward tendency.
On Wednesday last the miners at Summit
Hill, in the Lehigh region, resumed work upon
terms satisfactory both to themselves and the
company. These mines had been idle since
February and the effect of this idleness upon the
workmen can be better imagined than described.
In the Lehigh region the strike at the Lehigh
Coal and Navigation mines is at an end the
men having decided to resume work on the COM
panys terms.
At Mauch Chunk, during the past week,
there were shipped over the Lehigh Valley and
Lehigh and Susquehanna Railroads and the
Canal, 110,935'07 tons. The previous week
there were 11S 250'0S tons shipped,a decrease of
7,315'01 tons for the week. The shipments for
the corresponding week last year were 113. SOFIA
tons, decrease for the week of 1870 of 2,656'O7
The active and excited feeling which prevailed
in the Philadelphia market during the early part
of the weel: has settled down to a steady demand
for immediate shipments. The following are
current rates of freight from Port Richmond for
the week ending August IL
Bangor, s21O@225; Bath, 80; Boston, s2'25924O;
To mhrid DaVansDOrt
2.30; Dorchester, 1926; Newburyport, s225; New
NJ snS and Gx
$40; New York l,so; 80 Jersey City q POL 80;
Philadelphia, sl@1O5; New York, s1s5@1'9O.
The following are the prices of coal by the
cargo at Port Richmond, for shipments east of
Bordentown and south of Cape Henry; to other
points rates are 40 cents per ton higher
Schuylkill Red Ash s425@44O; do. Steamboat,
s4to@l6O; do. Broken, s4'5O@4.7o; do. Egg $4,000
41O; DO. Stove, s45O@47O; do. Chestnut s370@s'90,
Shenandoah Steamboat $3.50; do. Broken, $40; do.
Egg, s4T5; do. Stove, s4'75; do. Chestnut, "a.
The regular meeting of the Avondale Fund
Committee was held few days ago. resolu-
tion was adopted requesting agents to furnish
the names of all contributors to the fund, that
they may be placed on record for reference.
number of the contributions are still outstand-
ing, and the committee are very desirous of
having them settled at as early date as posi-
BILE.
The question of utilizing the coal dust and
screenings is again ucluB dSlIaIeu ana a series
of experiments are being made, with some
shadow of success. An experiment vastly more
important is now being made by wealthy
gentleman of Pittsburg to discover a perfect
consumption of the smoke. from bituminous
coal. II he succeeds in his anticipation, Pitts
burg alone will economize an immense amount
in fuel and will be rendered free from the
heavy dark clouds of smoke that forever hang
gloomily above it, and which fill the atmosphere,
fucating everything and giving the city dingy,
funeral-like appearance every day of the year.
ATLANTIC CITY.-The season at the 'tCity by
the Sea" is now at its height and it is computed
that there are upwards of Is, 600 visitors at the
various hotels and cottage boardng-houses.
Three fast trains will run there this afternoon,
viz: at $3.50, and 4'15o'clock. The favorite Sun
day morning train, at o'clock, has been unusu-
ally successful this season. 1t takes its thous-
ands to the delightful resort weekly, and will
continue to run till further notice.
The fifteenth annual moonlight excursion of
Mr.. d. H.kMundy, the efficient and energetic
agent of the road, comes off on Saturday evening
next. Mr.. Mundy y'seXcursions have always given
number who always participate in them, and the
present one will not be behind-hand in attrac-
fiveness and general excellence.
Four HOURS AT CENTRAL. PARK New York.
OR UP THE HUDSON RIvER.-On Thursday next
August 1S Beck's Philadelphia Band, No. 1,
will give another of their popular New York
Bay excursions, landing at the foot of Forty
eighth street, New York. and giving passengers
an opportunity of four hours enjoyment at
Central Park. Passengers who desire to remain
on the boat will have a ride on the Hudson
above the famous Palisades. In returning the
passengers from Central Park will be taken on
the steamer for return home. This promises to
be one of the finest excursions of the season.
ppmrp,s or THE QtTy GuApns Tho ph;Io