The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-12-03

the heavy increase Of the Interest accounts.
= no drain of from five to six millions Of dollars
by foreign bondholders upon this trade alone ~
All alarming fact. II Is the high ties VI In crest
In addition to the original bonus upon the
tond', that tell so severely against US. More
over tins money is u dead loss To our people, be-
cause II never comes back to us except Tor In
v stment In like profitable Itions, thus
constantly augmenting the drainage from this
1HE SUNS recent editorial, urging the creation
of foreign mitkets for our coal Us means 10 re-
vve our shipping and to better the condition OF
our coal Industries, hits the nail squarely on the
head, and II ~ evident that the corporation coal
man gers are beginning To rcallz the importance
OF this. Mr.. Gowen has already taken the tnitia
tory stems to open no such trade with lir zll,
and II he meets with 5ucooss he will extend his
operations to other countries should the
Turk Russian complications lead to an open
rupturo IL would be a gOdsend to the cOal-pfO-
ducing interest, II for 80 her reason than at
Il would afford grand opportunity to create a
foreign coal trade.
FALSE RUMoRs.
In the mean time 1t may he taken for granted
tn all manner OF stories will TO set anoat with
view OF Influencing the trade in favor uf
higher prices. IL has been fumored here,
though the rumor cannot be traced to any re-
laOie source, that Mr.. GOwen Is about to resign
the Presidency Of the Phil idel hla and Reading
corporation that while the Americln stock and
bondholdcrs are apparently satisfied with his
management, The lifitsh stock and hondhoid-
ers. who own the biggest share, are dlssatlsne1
| place no faith In this story. For obvious
reasons MIR. GOwen cannot bo spared now, and
when the passing OF the divldends WAS an
nounced Mr.. Gowen explicitly stated that the
foreign holders were the frat to request that
they should be passed. ! venture tO pronounce
this and the many other stories about antici-
pated extensive labor troubles more esnecialy
In the Schuylkill regions, as cock -and-bull stO-
RES to Influence prices. 80 long AS the basis sys-
TEN l. adhered to there will be no conflict be-
tween employer and employees. va II Is perfectly
satisfactory to Dotn; and, unless the Oasls - at
tempted to be lowered, or the system altogether
abfOgated, there will DO no interruptions in the
trade Tor year to come. look for no such
a contingency. So long. therefore, as the pres
ent prices suffer no very great decline the sup
ply VIII he kept up. aud, unless the people allow
themselves to bo frightened Uy the manufacturcd
stories, there need be no material advance. 1t
Is true the breaking out Ola European war
would affect pricss IN favor Of the seller tut to
no greater extont than It would affect any other
branch of industry. Even though tue compani IS
are now making beavv shipments, any increase
IN the demand would soon he met by an increase
OF the supply, As neither OF hem are nos
str iued to their fullest cap city.
THE SUPPLY.
The quantity Of coal sent from all the anthra-
cite regions Tor the week ending Nov. Is Is OJ5,
09O tons, against i6!.1s3 for the snmc week last
year. Tue supply for the wear to that date is
16SD6s0 tons, against lsjo1T7i tons for the same
period last ye1r This was divided among thg
large companies rs follows: