The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-28
VALUES KNOCKED DOWN.
IMPoRTANT SILEs OF sECURITIEs,
COII, AND TEA.
Chenpcnina Winter Fuei-Auction sale Of
One Hundred thousand Tons of Coal by
! the d.. l.. mud W. Il. II. Go. Yesterday.

Cheapcnins Winter Fuei-Auction sale Of
One Hundred thousand Tons of Coal by
! the d.. l.. aud W. II. II. Go. Yesterday.
The second heavy coal sale, by the Della
ware, Llckawanna and Western Railroad Com
pany, transpred yesterday, In the hall at the top
of the company's building. number 20 Exchange
place. About four hundred BUYERS and inter-
ested persons were present, OF whom presum-
ably half were from Boston, Rhode Island and
other points in the East. Mr.. j. w. Draper
auctioneer. opened the sale at twelve o'clock,
with an announcement OF its conditions. which
were, In all essentials, those governing the great
combination sale Of August ~.
Eight thousand tons OF steamboat" coal
were first offered. lids commencing at $3.50 per
ton delivered at Hoboken) and went up rapidly
to s2S11, at which 1000 tons were disposed OF.
Then another rise to $3.50 took place. which car
rled OF another thousand, and the remainder
went at t2.RS.
was the next offer. Bids started AZ $50. went
np ~ degrees to $40, then by half dimes to
80 IS, then ~ cents at "A step until t2.0% was
Then n series OF small and rapid BIDS carried
the price w to f3.l5. and only 1000 tons were
disposed Of at THIS rate when another upward
movement carried II To t317js, which took an
other thousand tons. Then enough to make up a
total sale OF l2UOU tons went at a still further in
rapidly to ssS5. s327S and $3.50, only loo tons
DtlnV taken NJ tne latter ugure.
Fifteen thousand tons of "egg" coal were
started at $40 ana reached 1915. Portions
were disposed Of at 81 10 and $312H, but the
bulk went ut the highest rate named.
Forty thousand tons Of stove" coal excited
the liveliest conn clifton. The first bid was $3.50.
Nut from that II ran up very rapidly, half a
dozen bidders Offering at once, to $500, where a
temporary halt was IN de until some ten thou
sand tons had been taken. Then fresh start
was made In the bidding and Us much more was
disposed Of at s3RS. Then another squirt Of
nctivity carried the price up to ~, whore II
halted until all the remainder OF the coal had
been taken. There were gre Il many small
buyers Of this size Of coal, taking from one
hunoTed to five hundred tons each, and u large
proportion of them were Eastern men.
Twelve thousand tons OF chestnut were the
last offered. and on this also the bidding was
very spirited, opening Mt $3.50 and running up
without q check to $3.2J. About one-fourth of
the lot went at that figure, but then some bidder
seeing no hope OF having his upraised finger
noted among 1ftv others, without he did some
thing to distinguish himself, shouted 1925"
THAT carried on a thousand tons. Then as
much more went ut s3.27h, twice as much at
- 30. aud all the remainder, excepting 40 tons,
was closed out at 50 32k. On that small balance
there was halt and II fell back to $3.50. In this
SIZE as IN stove coal "A great number Of the lots
taken were small, ranging from 100 to 100 tons
The prices commanded yesterday were from
10 to D, . cents higher than at the sale on Aug
- The rates at the three sales compare AS fol-
lows