The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-09-01
IN PENNSYLVANIA.

HEADINGS PRICE LIST FOE EXPERIMENTATION
RrpUcr1oN-$1 rs PER ToN-THE LEHIaH
VALLEY RAILROAD REDUCES ToLLs-wHAr
THE MERCHANTS SAY.
Pitt DELPuIA, August 81, 1879
The promised price list OF the Reading Railway Com
pany, or which is the thing, the Philadelphia
and Reading Coal and Iron Company, made public
to-day much to the relief of operators who have been
awaiting It In anxious suspense The following Is the
price for September named in tho circular for gen.
eral distribution, the contractors circular putting
prices at twenty cents less per tom
Hard white ash coal-Lump. So 20; steamboat
IS aS broken s so % 9o s %
Free burning white ash coal-Lump, SO 20; steam
boat, So 2o broken, 50 20; egg, So 2o stove 80 so
scnuylkm red ash coa-IEgs, So 90; stove, s. so'
North Franklin red ash coal-Broken, "a 90; egg,
81 20; stove 81 2O chestnut No. So 25; pea, 81 95
Lorberry coal-Broken, g 20; egg, - 20; stove
Lykens Valley vein Broken 81 20; egg, "a 20;
s,ovo, 81 10; chestnut No l, SO 70; pea, 81 20.
The reduction the rates of transporting COAL be-
gun by Reading Company, has been followed to-day
by tho unexpected announcement from tho Other
carrying companies
LEHIGH VALLEY RAILROAD.
The directors OF the Lehigh Valley Railroad Com
pany held meeting at Bethlehem yesterday 10 con-
suit with the operators of the Lehgh region and
upon a satisfactory reduction OF tolls. The basin
arrived at as reported here to-day, was to put the
price carrying from Penn Haven to tidewater abou'
ia mles) at 81 % per ton, reduction of eighythro<
cents from ratcseven larger reduction thar
that OF the Reading tolls which seventy cents
less Than old rates The usual rule OF the Lehigh Val
ley railroad Company has been to charge for trans
pora,on forty per cent on tho price OF coal At tide
water
The Lehigh Coal aud Navigation Company, which is
operated by the New Jersey Central Railroad, states
that they prepared their revised OF tolls
yet, but they will be compelled to follow tbe
example set them, and WILL no doubt, be guided IN
their action by the rates made by the Lehigh Valley
Railroad. The operators shipping by the Lehigh Val
ley and tho Delaware aud Lackawanna railroads, and
all Interested in Lehigh COAL holding conferences
to-day IN New York TO fix tho prices, and no report
OF their action has been received here.
Yesterday afternoon the Pennsy vana Coal Company
adopted tho following figures Tor Putston coal delivered
al Newburg: Lump So 10; steamboat SIS 10; CRATE,
So 35; egg, So So; stove 81; chestnut So To these
prices OF course an addition must DC made II delivered
New York or here 1t stated at the Office Of tho
company that these were the prices for the day but IN
the very unsettled condition Of the they
liable to be changed nj any timo.
! Samuel Sloan, president OF The Delaware Lacka.
wanna and Western Company, said no schedule OF
prices would be made at the present by HIS pany
the intention to continue tho system Of selling
It's coal at auction-a system abandoned by the COM
pany at about the time the combination was made. He
thought great mistake made by throwing such
large quantity OF coal the market was
sold on tuesday, but this, he said, would not DO 70
peatcd Hereafter the company would sell such quan
ttcs OF coal as circumstances might determine, and
| without any combination with other companies
MEETING OF SHIPPERS
| At two o'clock this afternoon meeting OF mincrs
and shippers OF coal was held at tho Office OF A. l..
| Mumpher IL Co, No. 205 4 Walnut street. Nearly an
| the prominent operators were present AS each one
came and TOOK his the conversation naturally
upon the circular of prices issued by Read
| ing Railroad Company. While much said
| for and against It, the prevailing impression
was that the prices were so low that u
would DO impossible Tor small operators, or
some of the larger Ones TO compete with them,
the result OF which would be, probably, to
eral stagnation OF business some concnded that The
prices xcd by Mr. Gowan must result in losses
his company. One gentlemen expressed the opinion
OF many when he SAID, swell, If We can't make any
money Mr.. Gowan shan't" Another said, I'VE will
have 10 put prices twenty five cents above Gowana
aud depend upon the superior quality of coal Ia
make IL pay A gentleman who arrived just before
the meeting was called TO order said that as he came
along the street he heard II rumored that Mr.. Gowau
had word to the printer TO stop printing the cir
cuar and the impression that ho desired 10 change
the figures after he found that they ruinous
low.