Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1871-12-16
Coal News.

Tx &saitr under date of Philadelphia,
Dec 4, sS7l, says The Anthracite coal
] year ended with the 3Oth of November,
and in the entire history Of the trade prob
ably never ended dullcr or more depressed.
! There is no hope or prospect of any revi-
! val until next spring, and as Thanksgiving
came on the last day of the month and of
| the coal year at good many mines the
work was squared np" the day before,
and the R.in,,s closea Notwithstanding
winter came sudden and sharp on the Both
the market did not rally from the shock il
received BY the decline of prices at the
public sale, AMI coal by retail at New
York was quoted 80 cents per ton lower.
La this market we do not notice any par
t;cular change in prices of coal from the
yards. The cold weather has stitfcncd the
market little but there is very little doing.
The Georgetown Courier OF end saws ::
The coal trade has not been as active this
week rs usual Although there is quite
a feet of boats in the canal awaiting their
! wa 4'' ~ "i''"'i, Wv totiSt " lSt StIlooHtTs
are scarce, and in consequence coal is accu-
mulating on the wharves, The companies
here have altogether unloaded rs boats
during the week as follows: Borden Min
! ing Co, 20, Consolidation SO, Georges
! Greek !, Maryland Co, 80, and Midlothian
| 10, amounting in the aggregate to 12,36s
tons, while the shipments have been only
9,5G3 tons, thus: Borden Mining, 1900,
Constellation, 4,541, Georges Creek, 1000,
and Maryland Co, 2,52a tons During the
month The receipts We're 61O96 tons and
the shipments 1901 tens.
.SIiearGs Circular, of the 9Th inst, says:
Since the last auction sale there has been
| more active enquiry for coal and no diff
Guilty is had in passing off the receipts,
which may be credited to the cooler wealth
cr which we have had, and the short sup
plies, in consequence of the stoppage Of so
many collieries, and the number of cargoes
caught in the different canals, by the early
closing OF navigation.
There is no great amount ofprofit to- pro-
duccrs and operators in the prices at which
coal is now selling. and as there seems lit
tie prospect of any better prices for this
month at Least, matters will run on until
after the closing up of the years business,
the only desire being to avoid being block
ed up at the points of shipment, and as the
stocks and receipts are but light, and sales
more readily made at the present low rates,
there is no danger of this taking place, al
though should the doleful prediction of
some dealers take place the latter of the
month will see lower figures prevailing than
the first, but we are of the opinion that if
anything happens to at all curtail the pro-
ducton or shipment of coal this winter
prices viii Of consequence advance, as
there must he considerable coal wanted,
! particularly il We have cold weather, as
| the stocks are not large at any of the
points, in fact remarkably short Of last
ycal at the same time We used up all last
years ovcrplus before the resumption took
place this year, and we are now 100000
tons behind in the production, when we
compare the present year with last.
Three veins Of coal have been discover
ed at the Big Sioux mines, Iowa, respect
lively six, twelve and twenty inches, or
thcreabouts in thickness. The propr.etors
arc vain OF the new discovery.
Bituminous Goals are quoted as follows
Cumberland ut GEORGETOWN and Alcxal-
lria, 81 so, and at New York s. co.
Broad Top at Philadelphia for shipment,
"a IS. Mcars Semi Bituminous, at New
York, SC 90 % 1926.
Hammett, Mel & Co, in their circular
dated Philadelphia, December I'd say:
The market continues depressed, and the
few buyers are able to make their own
terms without regard to circular rates.