, 1870-07-07
THE COAL TRADE,
Proclamation OF a Conl 0rgnn sc 10
the Press Abroad.,,

proclamation OF a Con1 Organ sc IC
the Press Abr0nd.''
From the Pntttrile {Pa) Ainerss Journal, .F,.ly 2
During the present week we have received q
number Of letters from abroad, making iu.
4uirles as to tho situation, prices, Ac., aud the
19ture prospect Of the trade this year. In re-
plying We may Say that, unless something ex-
traordinary aud unforeseen happens, the mar
ket will be abundantly supplied with coal dur
ing the remainder Of the season ut low prices.
Notwithstanding the suspension in portion
OF the anthracite regions, which has lasted
here for three months, the supply Of coal this
year, to this date, from those regions. is 9Si,-
$40 toms ahead Of the supply from the same
reglons up 10 the same date last year.
At the same period last year the supply was
525, 1877 tons behind that of 1868 Up to the
same date. Yet, when the colleries got TO
work that deficiency, was not only made up
and prices broke down. but surplus Of
SIS, 1877 tons was thrown into the market. The
shipments from July up to December aver
aged So, GOO tons = week, and when al OF the
colleries got to work last year tho shipments
averaged III, 600 tons per. week for five sue
cessive weeks. And yet, with about three
fou1ths Of the colle1ies IN SchuylkiIl County
moR1n. the regions arc now shipping al much
per week as the average shipments Of last year
at this time, as they averaged last yenr $50, 600
tons for the balance Of the season.
When the CollleEles all resume ne can alip
at least Ali. 900 tons week, and can throw
into the market SOC, 900 tons over and above
the shipments Of last year. Should that be
done it would give m increase Of l, ,734 900 tons
this year over last.
Even il the present oollieries should stand
idle for the rest OF this season. which ia not at
all probable, as large portion of the men are
tired ard desisous Of going to work, there will
be IN increase OF million Of tons Of coal this
year. But We do not believe that the men will
remain idle much longer, and that it will be
but = short time before they will so to work,
as largo portion are losing confidence in
their leaders. Some anticipate turnout in
the other regions, but We do not believe there
~ill be one in the present situation OF the
trade.
This is the situation. We are asked il the
price Of coal will be lower this season. We
believe that it will III the coal regions, but
as the rates of transportation to the seaboard
WI! be advanced prices in the markets on the
seaboard will hardly be Affected. We would
advise consumers abroad not to be apprchen-
siye of . short supply Of coal, hut We would
advise those who desire to 1ay in their stocks
to DO so, without rushing into the market aud
causing huctnation in prices, which is u3t
beneficial to and which is not desired By tho
trade Our object ia to put consumers abroad
on their guard and warn them not to rush into
the market, for there is nothing IN the eitua-
tlon OF the trade to WARRANT it and il the
prices Of coal should be materially advanced
this season it will be their own fault, not that
OF the coal regions Let them commence lay
iEg in their coal gradually, but there is no ne
ceseIty. as We have shown, for consumers to
rueh into tho market, and thus enhance PRICES
but take it as it arrivee.