New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-03-15
RIVER 8EPORT-3 r. II.
.Re,ov hish water mark Of 1874.
The suspeusion of Coal Mining.

The companies forming the great coal
mining and carrying combination having
decided to continue the suspension OF min
ing until March 20-fve days Later than
the date originally set-lnqulr:es were
made by Graphic reporter OF several
dealers in reference to the conditlon o. inc
market. The general opinion was that,
while there was no real scarcity OF coal IN
New York at present, yet there would be a
demand for it in time to ineure reeump-
ton of mining at the new date set. IN Lne
Schuylkill region, however, the Coal Ex-
change had resolved to continue the sus-
pension until April s.
Mr.. Z. 3. Ely, speaking particularly OF
the Lss..aii valley region, said that the
GREAT furnaces along the route leading from
ii must soon exhaust their present supply,
and that the demand thus created would
| lead to resumption of work in the mines.
| The rates charged by the railroads would
not affect resumption, which would De gov
erned entirely by demand. The agreement
to suspend was based on caicolatien ~. %
| the probable time of exhaustion OF the
snppfy. The market was full of coal, ne
| said. at the time of resumption, and the
! object was to relieve it.. -.
| Mr.. Mason. of the firm of Mason & Dewitt,
| another dealer, did not doubt there would
be q general resumption of mining through
| out the anthracite regions on March ~. Inc
object of the combination, ne saia, was noO
| 40 much to put up prices as to control inc
market. Unless they we're able to NJ
price. any person who could bring into New
York five or six cargoes of coal would be
| able to put the price OF the coal Market up
or down. The combination, since it was
made up Of the principal coal carriers as
we'll as the coal producers. could prevent
the liability of such occurrences, because IL
they could not prevent small operator
from buyins or mining his coal, they could
make the rates so high for carryin that he
could not afford to bring it to market.
The whole matter was managed on sys'
tenn that had it's advantages and dlsad-
yantages. II would be better for dealer
to buy in open market, but he thought the
consumer got his coal with certainty and
evenness OF price That on the whoie maze
b;natior. The policy of the combination
was to increase consumption by making the
nrice CHEAP, The market was low fairly
sunp,ied. and wo1ld be until the proposed
new date of resumption OF mining, Though
there we're certain kinds OF Goa
that could not be obtained. Othe!
kinds, however, could be substitute
for them, and SO there was ~. ~
pressing need tor mining. He was OF the
opiuion that resumption would take p!ae'
very generally throughout the coal region
The companies that compose the comOlha
! tion are the Delaware and Hudson Cana
Con.rAnv: the Delaware, LackawanEa AM
W sierra me Pennsylvania Coal Company
trs WilAssbarre Coal and Iron Company
and the Pennsylvania Railroad Company
The Lehigh interests are represented by tn
Lehigh Valley Railroad Company. III
mining companies in the combination ap
portion out each season the amount OF Goa
each one is to furnish. The largest appo'
tionment of the &C, 0Oe, 900 tons to be brough
to market this season is to be produced b.
the Pennsylvania Coal and Iron Com
papy.-Ne,v York Graphic.