Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1874-10-10
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Coal and Iron Trades.

CoAL.-In New York, like other
branches Of industry, the Coal trade in
the near future does not present very
cheerful aspect. A month since,
over sanguine dealers prophesied a
liberal trade but the bottom seems
to have fallen out of the tub, and we
are all at sea as to the future. The
ng.looked-for revival in manufacture
ing centres has not been realized, and
very little encouragement can be CIV
en- in this direction for the present.
An active business in coal is closely
dependent upon the prosperity of its
concomitant Industries hence it suf-
fers in the same ratio as general bus
mess is depressed. The prospects of
immediate improvement are specially
poor, as We learn that at an adjourned
meeting of the cotton manufacturing
interests. held in Boston recently, it
was decided that thew had strong
conviction, confirmed by the general
opinion of those engaged in its bust
ness, that large reduction of work is
imperatively required in the existing
state Of things.
This action was proceeded by SIM
liar one on the part Of the heavy mills
at Providence, and will undoubtedly
be followed by the mills in Fall River,
and other great manufacturing cities.
To work but four days in the week
is to cut off one-si1th of the consump-
ton of fuel. Coal is the great staple
fuel used, hence a severe blow is struck
directly at the trade. Our cotton and
WOODEN mills are our heaviest consul
mers of coal. To shut down" is to
close up the mines. and cease produc-
ton.
We do not desire to be considered
alarmists, but think it behooves all
business men to look we'll to their
weather shrouds," and carry light
canvas for the next sixty days.
IRoN.-The iron market remains
quiet without any important change.
The general opinion of cur merchants
is that there will be very little bust
ness the balance of this year, but that
we may expect good trade next
spring. Prices are now firm, especially
in manufactured iron, and although
they will have to wait for some time
yet, the expectations of the iron-men
may be fully realized.-Coal and Iron
Record.
Bituminous coal shares with An
thracite the dullness that prevails,
and there are but few transient orders
received the deliveries on contracts
are also reduced, and there is consid-
cradle falling off of the output in con-
sequence.
At Baltimore the demand for btu
minous for eastern shipments contin-
ues dull.-Saward's Circular.
The second-best and the most strik-
ing building in Louisville, KY, is that
occupied by the Public Library. 1t
was paid for by three Gift Concerts,
managed by board headed by Ex-
Governor Thomas E. Bramelette. The
Board is authorized by the Legislature
of the State to give FIVE of these Con-
certs. The fifth takes place in No
vember next, and the profits, after dis
tributing $l,5Oo,OOo to the ticket
holders are to be used in perfecting
the Library, and furnishing the blind
Of the State with books in raised let
ters. This is rather large thing for
Kentucky. Governor Bramlette has
given three years to this Library, and
he is making it the best in the coun-
try. Books are bought for this Libra
ry in orders of 10000 at time, and
an enormus amount of money has been
paid for paintings, statuary, and other
works Of art. The next drawing in
aid of the Library. in which the cap
ital prize is $3.50. 900. takes place. as
we stated, in November next positive
Ily.