The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-30
VOL. XLlll.-N0. 352.
KING COALS BIG COLLAPSE.
1yo po1nAHs rrR ToN EhDucTIoN
~" o,JK LIsr MONrH'S SALES.

r.,.,s Hretizcd by Yesfcrd"v'H Great SAFE
irWus ,,,n ninmond- cheaper than Mt ANY
.r,.o s,rc, the wars beginning Whnt
,sc companies Agents Sny of the Result
,,,o ,r.at salc ot 100000 tons OF coal
,,, compauits that were In the bursted com
ht,,i,,u WAS made at noon YESTERDAY III nan
a,,r souarc, In front OF the Cotton tx mango
r,c .niare was crowded With coal dealers
Tho auctionocr. Mr. Draper with MS ase's'Ah's'
So mounted on truck, under hl9 umorehN'
aud au the truckmen In the vicinity GREW wy
,h,,t vehicles aud charged ten cents neal iur
,hs privilege 4 standing thereon MI. Ouintaru
NJ the rhilaiclphiA and Reading ana MT Sloau
nj the Delaware, Lackawonnh ana HUDSON
stood on the truck with Mr.. Draper; reprcsen-
,orycs Of tho other comp mics interested took
notes from the upper windows OF Mr. Dfapor
oei,e lust opposite, and MIR. Newton. agent 81
tbc Lcbtrh valley Coal Company, was In the
edge OF the throng.
MIR Draper re ID the conditions OF tho sale
Th,y wore n, the sale wouli be positively TO
thc hi.hest bidder; that nfty cents per ton Oh
the purchase III oncy must oe PAID on tue ual oi
sale that the bidder must remove the coal IN
Sept ,mber or lose bis deposit. The following
was tuo important condition;
II at any time the bus u the company is SO In.
nei On . ,ufi outs or strisc among mincr' or other
iuuukN fAtn tNu titittNAtt AhiH'".h
~ s III conpan,l. or ny any ot or occurrcuee whaso
vf,rn i,c qiNntit, of coa which the company wouii
ctrai.e have oeeu aU.c to ouain ana deliver durips
iar com VIII not mol s,i lanlr tor or pay nv
1am.s sus en,d hy reason ot he nondgiv,fy o. the
nsc ;o5 ~, co5 ,.i Al pyri% pTerciye a1to All snts
m D. me u1ud s0urS t,e Nw'H ~, - ~, e, ~ NJ
MIN 90 u the CONTRACTS mtte by tbs sle. Nor viii
Avs 20 r6 rsi, II, riou among Inc respective
WuAf l. utilNttt OUT IN All cases uun
d ,ar trog any OF the aoovc causes, the money paid
vi o. promptiy refunded.
Mr. Drsrcr added that he was authorized by
The Presidents OF tho companies interested to
nav on behalf Of eicn that there would be NJ
reserve aud no by-oidding lie announced that
he would sell 10000 tons for the Delaware and
nu ison Canal Company. ll00)J tons for the
Delaware. Iackawannt and Western Railroad
Company. eOO,OJO tons for the Philadelphia and
Reading Coal AMI Iron Com 2any. and $1,000 tons
Tor the Pennsylvania Coal Company. He began
by Offering jOO tons OF stcAmo rat coal for the
company first named, deliverable at Rondout
free. There was some hesitation before 50 a
ton was bid. No advance was made, and the
bidder. who said he would take 1850 ton5 was
announced as MIR. Ward. He is Of the arm OF
ward. Talbot & Oiiphant. Messrs. Talbot and
Oliphant are sons OF directors OF tho company,
and knowing dellers said that looked very ike
by-bldding The start did not bold good, how
sver. Tho next bid was $3.50, and the rest Of
the lot was sold at s. s. and $275 in small lots.
Forty thousand tons OF CRATE coal was next
offered. Il was started at S2.7j, but Mr. Moore
bid It up to $3.50 and took 200 tons. He is a
dealer who handles moro OF the Delaware and
Lackawanna's coal than anybody else, and the
coal men winked at each other once more. Mr..
Nelson took 900 tons at the same price. There
being no more bids at $3.50, 1t WAS offered AT
-, and Mr.. Ward took 5,OOO tous. his liked
the irice, aud the rest wa, rapidly tiken untll
the st, which went at f32O. Winslow Co.
and lrnell took 1900 tons each, and Cornell s
Co. 1000 tons. Ihe $500 tons Of egg were old
or -four lots at tins price, when IL fell to s3l2s,
AT which rate the m-Jor part was sold IN small
iois Messrs. ,rdan md Potts took 1000 tons
eacn. The gO.Ot0 tons Of stove stuck nt $3.50
Wnslow & 20. took 5,UUO tons. Several sm al
lots were taken at the same price. when It a,
raised to s. ". at which rate tue rest was solo.
1000 tons Cf ranton steamboat coal wer.
then offered for the Delaware, Lackawanua ahd
was started at e.. and the hIst lot was knocked
down to Meeker at ~ He took 1000 tons
and after some nesitstlon tho vi ioli 10 a.. 10
at which price neeler took loo tons more
Another fall 10 $2.7O followed, AMI the rest Was
taken at tn ( rate. The 35,0JO tons OF crate coal
was next 81 rted at s2.i5, and The trst lot was
taken at a. S. Several small lots were tax en- at
this price aud al e.. IS, when it fell to s2.05 nd
raised gradually to e. IS gain. several lOts sell
ing at intermediate prices l5Uol to.s u eg-
were SOLD at prices ranslh3 ii0m - 20 20 - o.
at whicn figure Neeker took the rest. ne
tOOoO tons OF stove coal started at 50, tho
wLcn there was a fan TO s35S. ana several lOc
ton lots weie sold Toe remainder went on
tons OF chestout vas 4, hrten at AZ 50 and sole
hrst at 81 20 Running TO S2.72S, $40 and t2,11H
several io,s going al eacn ratr.
IL was announced tnat Of the Phlladelphi,
and Readings $4,000 tons 75,OOJ wss 10 he de
liysred free on board ut Wilhamsbureh and l25,
UDD tons ~ Port RchmonJ, Pa, and that In,
NlliIamsburRh coal would Oe put up INST. III,
frst lot, 300 tons Of broken, was started a
e., and ran speedily to t26, at which
tie lot was taken. 5000 tons Of egg started
at az OO and ran up to o. OK. between thest
rae. l7,OO tons we're SOLO and tne rest ~ sz'oo
hIrp-nve thou and tons VI stove was STARED
a. 81, r-n w f320, and o on u s5Sj, selling rap
id,y at both rates N lots OF fom lJJ 10 loo tons
Putts took several thou anu tons ol reuaiudel
at tue last named rate. lhere could be no MS
take about the bona nde character OF tue Did
uilg here. Ten thousand tons ~ Chestnut az
started - g.. ana rose RAPIDLY to S22J, ~ whici
rate IL was ClOsru uut
.ne first lot of coal deliverable at PORT Rich
n0nd, Phl delphia, l,OOO tons Of stcamoOat
Nas nut ~ at $50, al wnicn TO Camden
.opk 100 tons. lne iilte went down 70 ~ 10
t2.uj, and s.. Iuc bgcpnd lot, lU,UOJ tonr U
bronen, ranged from s!.45 IL j. a. McAnistei
r., 6OO con, at tht nrt named tgIre, ano
~, tine Li-t s.le wa 80 s=Jl. After slow DiI
uis, Tao lIlrc Tell -, s2lO, s&O1js, aud tn,
bllk va "a az tnc iowa ngures. Ihe 81 o 4
tvns ot 7,.Ne lnIi hrst at s@si then Al - Il
fof E.sp iu.. $500 iuus were /. Ken at e. a.. ,.
AZ 'ni, nA.d tnt '''e f'r Tue TESS. Ia. Lot io'
Di tho lhu.lN,t .lt 'oI, IjvJJ L,.- OF cnes stnut
We started d. e.. Itu. 4 8. sale made I s2.3l
10 ID luns Writ la. 900 & 10. and 10 nuinb-r u
81 i'A were mace at ttnrf As4g D, uu,ll the 70
p.aindcr wA, tl.ol sl.,j.
"a Lfst uhHi ior tIe 4'enn-Yivani4 Coal Com
pal4i, Ion q 4INtIb az =, bulLu, Was I5U.U ION
Df inmp. IL Stat ed 90 a. IWoIu.,.o 10. 800 ton
ttch Wero sold al a. -. az wiicu the rom indr
Was sold. Ihe nne, vi jVD tons of ste4inuol At
VS. Dld up 10 f-.'-5s Tor l,NJ tons, ; sytral lo
lull ut ihis f4tD. auu Mr SWO Olds (Nh Sc Ohic
lqJp.u- the IeuLs}iy lnit cod e. nap n, = IN ia,
iruiiy bul dlus. aud VINO D. very 10 innate VIII
NJ, HOyt VINO stO Ii aluugalar Of hin) took tu,
tau inier ihe $1,000 tons of rr te went up /,
t-bi4 lOr 5,pJ toms, and was bid Gp t. S21O, h
kUiDu rate scNei u were sold. ana Nlr
kW'r IS took the remainder. lhr r,UOJ tons 4,
~ -pld FIRST az Z: 49, ana rauged thence L. Z" ~
Ihc ElOgJ tons Ol htNNs " 4s Iut ul At &2JU AN,
sI w. - 8 ~. About n.d MS -ol. a. III
ia', wien II tell To- 1910, aud thencp TO S3G5 au
90. Ihssu0 tons ~ Cne-tuut Wa II rted a
f. uut w,-r 10 idiN bid up 10 S3i-., fell aytin !
e.. aIdtp 81. .,.r. : Nuids LOok tHo Icinainael
lu CLOSED the sals Of 5Oy,'OJ tOus. a. la tril
pr.l 1t d miiilUn AID half $ rcaliIt "a /
40 tWt luils WuicA we're Occupiel Ia s.i Hin.
.n. following Tie SHOWS TIE hlEhe-t an
lONe r.tcs rrceN ed for each cuupanN . sales
b.iAwAFE ASD HUDSON CANAL ooArAsY
Ns t'cnmboit... ........... ~ 20 @f3 90
Hialt....sss....,s.s..'ss.t..' . ~ To- q -
. --..+...t.'.. .......''.'.'...'' . i-}SN . %
''f'l 30 lNr...t..... " o. " . ~
r.I., LACK AND wKtrKRS HAiLRoAD co.
" Hun fsi,+,.... ,,...,.G - oif2 HI
- ~ .t..ttt. ....,s...t.t. .t....... < - - q. ~
tf'tfssttft.. 'tttfts =. 90 90 r. o.