The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-24

80 20. Coal Is retaed at present at 80 90 per ION,
leaving 81 % 10 pay for tarc anu carriage 10
buyers houses. This firm Is OF the opinion that tho
coming sale is only effort to "fel' the market; but
IN the absence Of any proof they can only oncr sur
misses
Mcssrs. Lowther & Brother the largest retailers OF
in New York declare that they arc at q loss 10
give any opinion the condition OF affairs or
their definite conclusion regarding tho ui
mate result Of the present diaicuty. They will not
withstandng that they have large stocks on hand,
keep up with the market and follow its prices They
think the price of coal will be reduced during The CON-
ing winter and that the combination will
Al The Office OF Samuel Thompson's Nephew, No. 4a
Gold street, the opinion freely expressed that the
reduction in the price Of coal If It through
by OF the offer to sell 500 900 OF coal next
Tuesday, would be but temporary reduction. Aud 1t
probable that the companies who offer tho
coal woul be present. by their representa- pri-
vatey TO bid the whole or part of the coal in at the
auction sale.
O'Brien x Carroll at their yard Nos 426 and I2s
East Fourteenth street, near FIRST avenue had
actly made up their ints as TO what would be tho
effect prices of the throwing OF half million
OF coal on the market. Poor people knew nothing of
the so called combinations, but expected get coal
very cheap from the talk that made about reduce
ton. O'Brien Il Carroll had not much coal hand
not us much as in August, 1870 and their customers
were holding back buying until they assured
OF positive fall IN tho present prices
Jacob Weeks, No 3l3 Bowery. said:--"Why, can't
tell what Will be said done until after Tuesday
But guess the boys will bid the coal IN that they talk
about putting up Those combination companies amt
gong of their noses 10 please one else
They gong to do anything to beat Themselves
out OF dollars, thcys OF course they ami"
n. n.
Fourteenth street. said no believed that tho break
IN the combination would temporary low prices
siderable stock on hand anu was scllina sove coal for
50 IS and furnace for 80 80 Prices, however,
could not b: Kept up very long by any com;
lower price than now. trade would
be infinitely better. He would prefer 70 sell two tops
of coal at So ton than ton at "a, MS it would
keen things moving better, and he believed that
retail dealers were OF the same opinion The in
,crcss and rights consumers should be thought Of
q IA
coal all along for fifteen cents and twenty-five cents
@ and would nwnys be- so N"annr can
sto, low prices eventually The difference in the re-
tail price OF ton of coal and tho delivery price TO tho
retail dealer ranges from ninety cents 10 81 % ton
The miners were starving, and no doubt the'c wcro
500 900 100 000O COG tons OF coal ready mined IN the
coal regions waiting purchasers and ready Tor market
The panes would show wisdom in dealing
moderation with the public. Fuel Mr. Turnbu SAID is
big item, ana coal dealers this matter having been
waiting for developments have but very light stock
hand. Rich people, VINO can afford to go TO Now
port during tho sumner ddnt care for prices much,
and had their coal laid early May and June.
He did not sell to groceries, pedlers or stores much,
but mostly to families
Messrs Barber 4 Nephew Nos g. e5 and 81 Bay
ard street., bought most Of their coal on contract anc
did not buy below schedule prices on the quiet AZ
did although they occasionally picked up boat
load OF coal at lower price than usual The two
biggest houses in the trade were Thomp.
with families Could tell what would DO the effect
prices after Tuesday next, but believed that the
companies in tho combination would not hurt their
own interests or lose money by any mere angry feeling
Isaac KRAFT, No 1856 Pearl street. had only been
year IN the business, and would not like 10 venture
opinion, but didn't think that coal would fall
much In price. Had large stock of coal on hand.
Skdmore's coal yard on Fourth avenue, and whose
Office is iii Wall street, OF the best known aud
they, with Thompson's Nephcws and Horny Murray,
head the aristocracy. But IN proportion as the ars-
tocracy Of the Skdmores certain, their opinions and
views priced gold IL tho opinion Of
this house nnss tina. nothing thing could safely BE- sad
they would see. Mr. Joe Skidmore Is said TO be the
greatest authority coal in New York; but he could
not be found yet the house did not believe that the
OF coal would be deprecated TO great extent
by what might transpirc on Tuesday next
OF THE BREAK--THE COAL CARRYING CON-
PANIEs THE CAUSE OF THE TROUBLE.
PrrrsooS, Pa, August %, 1919
Tho which generally received here, th
morning, concerning the collapse of tho coal combna,
ton has kept the people in fever OF excitement all
day. Up to Monday last the mines of the Pennsyl.
vana Coal Company had been at work on full time
during the whole month, but on the
ing of that day order received by the
officials hero to Shut down. Consequently
Tuesday tho srccls filed with idle
men ali wondering why work had been stopped so sud-
denly. To-day, however the has been made ap-
parent and tho miners feel quite jubant tho ncws
OF the breaking OF the combination. The merchants
feel differently. They do not how the In the
mines to be benefited in tho long run by the
event that has trapsprcd, and which is the topic OF
universal discussion here today. They hold
that the companies longer
pledged to mutual interest that zach will now
produce all tho coal they and rush il into tho
markets, the best and cheapest coal having the advau
tage Win this competition everywhere Cutting OF
the market must soon follow, and thca deness In tho
mines cnsues Besides all this It IS thought that wagei
Will be reduced eventually although this cannot occur
with the men OF The Pennsy Ivania company,
tho company has bound Itself to pay .
certified price for labor until January 1, 1871
IL autic paed OF course that there will be tempo
rary activity III tho mines here which Will last until
the markets are gutted, wnen suspension will follow
But while the miners are lubant and the merchants
doub full tho individual operators arc terribly de-
pressed, they behold ruin staring them in
The Their only hope s IN carly adjustment Of
the difficulties between tho largo corporations and
renewal of tho combination systom.
THE REASON roR rHK BREAK.
1t is Understood here that tho prncpai reason for
the break OF the combination found In tho fnet that
early this month the Pennsylvania Coal Company
issued circular letter TO Dealers IN when ,hey pro-
pose to sell coal IN their newly acquired Northern and
Western markets at the combination prices, with .
discount OF iorty cents ton all coal paid for cash
before the 10th OF the month, subsequent 10
delivery. This bcing virtual cutting down Of rates,
combination would not quietly consent TO tho arrange
ment. aud trouble was therefore Imminent II "a but
just. however TO say that IL is reported that Mr. Hoyt
was only doing openly what others were doing
crctly. Another point of difficulty ID understood to
have been the excessive assessments OF coal
from operators upon the line OF the LShgh Valley Rail-
road, including the Lehigh Valley Coal Company,
amounting In May 10 excess OF 40, 600 toni
above the tonnage assigned them by the Board Con-
troll During June audJuly II was hoped expected
that the suspension in alternate weeks would 20 rc
strict production the LIST August would find tbs
LehIgh Valley Railroad shipments within The stipu
lated amounts, but tho contrary proves Il
be the tact, and an arrangement was en-
tered into by tho parties representing all shippers
from this and the Lehigh region for further rc
s,riction During the month Of August shs arrange
mcnt was carried out in part but not in FULL and
the late disruption oi tho combination IL understood
here that the lchigh Valley Railroad claimed the right
10 make up deficiency OF shipments east during Tho
year 1915, caused by months suspension
In the BEGINNING OF that year. II this
we're logically correct. wise people say
the same right existed to mako up any
deficiency Of shipments during previous year
During the existence Of the combination there ha