Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1871-11-04

Coal News.

County, Pennsylvania,
Bituminous Goals are in fair request, this
interest of the trade having made con-
tracts for their production early, and there
being but little variation in the price, is
seldom heard of outside certain circle,
and yet they are steadily increasing the
production and necessarily the radius of
its consumption, the quotations at present
are,
Georges Creek, 81 As at Georgetown or
Alexandria, 81 IS at Baltimore, g. 90 at
Hoboken.
Broad top, 81 so at Philadelphia, Sc 80
at New York.
We are of opinion that the lull in the
market, which at one time wore very
Encouraging appearance, was caused sole
ly by desire on the part of certain par
ties to achieve more rapid and exhorbit-
ant ratio of profit, than was compatible
with the prevailing state of the market
and the bubble being expanded to its ut
most, burst.
The following item has been going the
rounds and we give it for what it NAV be
worth: 1--WE understand from very reliable
information that an important coal discov-
cry has been made, which not only adds to
to the territory of this anthracite region.
but completely explodes the theory enter
tanned for years, that no coal existed in the
Lackawanna region beyond the mountain
ridges of the valley. A man living in JEFF
fcrson township commenced digging
well. After descending short distance
he discovered signs of coal and immediate
ly set to work testing the matter by boring.
Within sevcnty-five feet of the surface he
came to coal, which proved to be II foot
vein. This property upon which this dis
covery was made, is located some four
miles from the Lackawanna river on the
eastern side of the Moosic Mountain, on
what our informant called Sparrow Mead
ow Run, which, from our knowledge of
that locality, must be in the neighborhood
of Cobb Pond or Moosic Lakc."-tScranton
Democrat.
Coal of an excellent quality for steam
purposes has been found in Borneo, which
is destined to play an important part in
connection with the increase of the steam
merchant marine service of all countries
trading with that part of the world. There
are said to be 20O,OO0,OOO tons of workable
coal available, and it is furnished for equal
to S. 90 per ton delivered at the wharf
used by the ocean steamers, while the Eng
fish Goals, of which this is proven to be
the equal, ranges from $11 so to $14 so per
ton.
The Miners journal gives the total pro-
duction this year, of all kinds of coal, to
the 14th inst, 13,463,516 tons, against H.
223 ,222 tons last year; to the same date
last season we had produced ,913,692 tons
over the year 1869.
The Engineering Journal makes the pro-
duction of Anthracite to 18th inst, II 065,-
030 tons, against 1858, $50 tons last year,
and Bituminous 2,942,241 tons this year,
against 1924 ,O13 tons last year.
The expenses on bltumlnOus coal to the
Atlantic seaboard are as follows:
West Virginia Gas Coal, to Baltimore,
81 90 per 1000 Tbs.
Georges Creek, by C. g. o. Canal to
Georgetown, 81 81, to Alexandria, 81 O3.
Georges Creek, by B. & o. r. r., to
Baltimore, Sc 65 per 1000 lbs and four
cents per gross ton for use of cars.
Subscriptions to the Chicago Relief
Fund by firms and other parties engaged
in the Coal Trade in New York amount to
$11,2O8.