The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-24
Result Of the Disruption of the
Late Combination.
EFFECT ON THE TRADE.
Views Of Retail Dealers and the
Large Consumers.
PROSPECTS FOR TIE WINTER.

been long conceded on every side that 1t mon
comb nation which had dictated arbitrary
to householders miners, manufacturers and others
1872. Tho double audacy however IN the lace OF
hard times and distress the coal regions advance
the price OF anthracite and to stop production
mucn for of tho members, and the result n
comrlete rupture Of tho combination and q coal war
added to the strife among the freight railways to DO
recorded among the memorable commercial events OF
1876.
A HERALD reporter yesterday made extensive inqui-
rcs in all directions throughout tie city to tho
effect of tho large sales of coal advertised take place
on Tuesday next, the stocks on hand now, who are
likely be the largest consumers, and the result gwen
below will keep the people reliably informed this
I'm portant subject.
One OF the largest retail dealers of coal visited
al his Office Broadway and he gave the reporter his
Tor closing ont his business as toows:-"The
has been unsatisfactory for several
years all persons who wished to doal honestly and
to Judgment in their alairs In the lrst
place. coal dealers desired, like all business men, to
make calculation to the future OF prices;
know when to buy, and generally whether 1t would
be prudent to lay large small stocks Well dis
covered dealing in the dark; | coulA no
brains In my business; the Board OF Control would
meet every month and fix price at which they would
SELL and thus could only know from month TO
month how to trade We could make no operations
with safety beyond thirty days In the second place,
there many dishonest dealers in the business
that who gives short weight has con-
stanty the advantage If consumer wanted
to buy tho Song" ton of 2,2lO pounds some
of my neighborIng traders could underseI
me fifty cents per ton but the buyer would be
lucky If he got average of 500 or 900 pounds.
This thing was tried in Philadelphia last year, and
Al, ccity Or tho
rascalty here II appears that tho coal dealers
combined against the Reading Railroad Company in
the Quaker CITY, Tor real imagined grievances
and got bill introduced into the Legislature nimca
that company and threatening its charter FrankIn b.
Gowen the President OF the road sent agents around
purchased OF coal from all the comp aiming dealers
and had 1t secretly weighed by wclshcrs and
then exposed the dealers before The Legislature liar
risburg turning the tables the enemies OF the road
II citizcns' association could be formed TO expose
.short weight" coil dealers here 1t would be the next
best thing 10 breaking up TIC Board OF Control, have
lett the business. y
THE HOTEL rRorRIEroRs,
being large consumers OF coal were many of them
visited. Mr. Allen, one OF the proprieors OF the Aston
House, stated that they uscd IN their establishment
the neghborhood OF $500 tons annually OF Wikcsbarrc
coal. He had contracted Tor II with certain paros,
and having ioreseen The breaking up OF the coal
bination had a stipulation made that thcy should be
supplied at the market price. He thought II n
good thing that such monopoly was broken that
coal would be much cheaper. OF course the price Of
account OF ahotcl, and That ABOUT the only thing
they purchased the price Of which had not been re-
duccd TO suit the hard times
The proprietors of The ST Nicholas Hotel about
tho quantity Of coal as the Aston. and they also
contract Tor it, The Metropolitan is large consumer
OF anthracite and they buy they the icic.
Mr. Lewis Leland OF the proprictors of the
want House, Broadway, said that every hotel man
must rejoice ut the breaking up of tho coal monopoly.
They had reduced the price at the Sturtevnnt TO
boartcrs account OF hard times and almost every
thing CONSUMED could DO bought nj great reduction
In thp n9 9 I'M thsvh fluis
200 annually. AMI the price of tho article
ally entered largely mo their calculation OF expenses
AT I'll. POST OFFICE
auditor said that they had contracted this year for
$500 OF Ichigh coal al IS ~ per tom last year
bought 1000 IONS for which they paid 50 l0tat
is, $40 pounds 10 the ton. The party with whom |
they maze ioresaw the breaking up tho
combination and therefore made rriee mucn lower
on that account. Doubtless there vii be panic IN |
coal tor short time, on account OF the quantities that
will be forced the markc, by rival companies but
the price, II was believed would settle down TO about 81
per ton AT the ~ubireasury in this city, the Assist
ant Treasurer SAID they had issued proposals
supply OF best Iehigh COAL and mad accepted the fow
Mossrs Murray, Ferris Co., agents of tho savan.
nah line steamers, No. 62 South street, said they
burned Ptston coal their steamers; this is mined
by tho Delaware and Hudson Canal Company, one of |
the members OF the late combination, Tor the use OF
the SHIPS purchases only are made rs needed.
TIE fERgyBoArs
at the Wall street ferry hard coal from the mines
OF the Delaware Iackawanna and western Company.
and a contract was made last winter, the aren't
thought Tor tn year II SO, 1t was great pity,
DOUBT coal Woud Lc cheaper now mat the
paDes would compete WIN each other for trade. The
South Terry boats use hard coal also from the
nes but the Terry master AT the Staten Island dock
informed the writer that soft coal used by that
company, because II has been cheaper. They formerly
used hard coal and found 1t suited their purpose very
well, but since the coal monopoly had Kept their !
prices high they had used bitaminous COAL he |
supposed II there was much OF fail
nuv inc pco does no, make s'y 20 wo uoS
dirt and dlsagreeablc smoke as the soft coal. Tho
fho AM nafd Ia Sfara md. ltc
lines being no exception They bring out generally |
enough to last the round trip but often making long
voyages they run short and then ihey supply de-
hcicncy here with Cumberland coal
large shipper OF coal III Trinity Building said that |
he did not doubt the 500 600 tons OF coal ersed to
be sold by four companies Tuesday would 90 at
price far below what the managers suppose Tor The |
secretly pressing sales great reduction
now among the dealers The houscholdcrs too viii |
hold OH in their purchases until cooler weather and
the supposton tSat OWING To the break In the com
binalon lower prices will prevail, and also account
OF the scarcity OF money For these reasons he thought
coal YOU'D go lower than IL should aud only the
paues VINO had the backbone OF immense cash capital
would be able to stand the losses that would
THE DIFFICULTIES THAT BEsEr THE COMPANIES
in this trouble II is dicult TO overcstimate, be-
the dc aiers with whom the railroads have bus
ness are credors the corporations hold bills reccva
bic or their 0ncrs, anu with tins cheap coal
ing The market the stocks on hand AZ the wharycs
and In the yards are deprecated and reductions VIII
have 10 be made or the retail merchants Will fail
The Reading Railroad Company 1t Is said have already
agreed 10 make a rebate to Their customers stocks
mana Dnreu on priccs which Will on next |
Tuesday ut The auction sale and tho other companies
will have TO follow SUIT as the bulk OF purchases has /
been settled by notes running three or tour months
Mr. Outwaer, OF No. 13j Fast Twenty third street,
Is OF the opinion that coal will I've cheaper iring the
winter, and that the eject OF the dsrupt,on of the
combination viii be to permanently reduce prices. lie |
docs not think, IRON what he now knows. that tho |
companies Will DO able To rccstabsh the congress.
lie OF the opinion that the coming sale OF
800, 900 tons VIII not Affect the New YORK market
much most OF will be taken TO tho East ana used
for manufacturing purposes Very little OF this lot
rcfn t.rta tnf >a,r Var
OF course II tic coal Is bid too high will como
TO pass for manuactu crs anxious pur-
chase unless coal Is offered to them at positive bar
gam
Mr. Thomas Davies, very large retailer, having FIVE
yards IN different parts OF the city, says the effect OF
the collapse OF the combination has been destroy
condolences. Only short time ago he went into
ket and bought quite quantity OF coal the
ancc that tins combination stronger than md
that IL would hold together March. His