The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-30
The GREAT COAL SALE.
Half a Million Tons
Sold by Auction.
WHO THE BIDDERS WE'RE.
Rapid Bids Offered and
Quick Sales.
WHO THE BIDDERS WE'RE.
PRICES RANGING FROM 81 Is TO $ 90.
Spirited Scenes Round the Auc-
TONER'S Stand.

frugal housewives as they distressing to pro-
ducera Tho sale OF the largest OF its kind
held and seldom-even in such active centre
Hanover square-are ST. $50 900 invested short
a staple. All the coal sold is not TO be delivered
in New York and most of what sold to DO dchv.
cred at Hoboken taken by men from the Eastern
States AS suspected much OF the stun was
bought for manufacturing purposes but enough of it
was retained by the New York dealers TO mako a very
decided change In the price OF coal during the month
September unless of the contingencies spoken
OF paragraph 10 OF the conditions Of happen to
occur
When Mr. Draper the auctionecr. began the sale he
said the sale would be bond tide one, and that
would be made by any of the companies offering
the fuel In many instances. owing to the inadvert-
OF Mr. Draper's clerk the lots oversod and
in instances where 10. 900 constituted one lot
Is, 900 tons were sold.
As tar could be judged from ndica-
tions given by the bidders the 500 900 tons have
been scattered here aud there and centred in tho
bins of one corr Grafton glance at the OF the
bidders will suffice TO show how the coal distributed
and The fluctuations the prices quoted below cannot
fail TO prove that the stun disposed OF at tho
PRECIOUS beck OF the assembled crowd.
Mr. Draper was promptly on hand at twelve O'Clock
and as he moved IN the direction of the stand the
crowd scattered around Hanover square began to
ccntrate the stand When Mr. Draper mounted
the stand, it impossible to hear any one
speak, the bosterous noise of the
crowd and the chatter OF passing car
wheels on cobbles,one pavcments obtruded the
With wave of his hand Mr.. Draper conveyed to
The crowd the idea that silence necessary
dition the opening of the sale. and when the great
hubbub over he began the sale.
TUE CONDITIONS SALE
Tho following the conditions under which the
coal was Sold
The sale win be positive to the highc, biddr ofevey
indirectly, Tor pccount Of The company.
Fifty cents per ton in city bankabe funds to be de;
the by the purchaser and the balance be paid
the the delivery OF the coal will be given.
ss eo 10 re m akc IL within %
month The MAJ! a, their 'pa9r a. any %e there
per ton deposited on the day OF sSc; or shoald the
public otherwise Tor count of such detaultnc
m The soa G sold he e a Sn e
3 The sizes of the coal designated by the names
known in the company business which always referred
to and used in selling. or stating prices v,,,.,
Port Richmond tor must carry with them order
Captains required report their boat vessels
ME superintendent Il Williamsburg or Port Rehmoud on
Berth assigned to them. Executions will be made TO
,romp despatch but the company will not be liable for de-
Tor consequences attending unavoidable
g. Bills Of lading egular testimony shipment
obe proof Of delivery both as regsrs tine an quantity
all respects az the risk 81 ths be pa ac Nv
Invoice. aud b OF adns viii be made in conformity with
which shall be conclusive purchasers aud
allowances viii be made thereroin for short deliveries at
Purchasers OF coal will not be allowed transfer their
without the consent OF the company in
10 II time the bus of the is inter-
rupted nv Hoods breaSs accidents. combinations,
III ugh such combinations arnonts and strikes are caused
occurrence whatsoever mater lily de the
been allie TO eIan aud de liver daring the month in which
Me roa nov sold deliverable. the company WI not hold
itself ahie for damages sustained by reason OF
nondevery the coal sold OF portion there
Of although portion OF the coal that received during
month in usual of the eomparys coal
snes ana business os aspVea OF n W shg ,n
in the coal now sold Is not delivered under
Of what devered but in all OF non-dcvey from
the above the money paid viii be promptly
H. The officers Of the company. when requested by pnr
charge. the must be Hbsolved from all respon-
ubiity IN connection herewith
The Delaware and Hudson Canal Company's coal is
10 be delivered Rondout that OF the Delaware Lack
wanna and Western Company hobokcu, The Phila-
delphia and Reading lot at Williamsburg an !ori
Richmond
On taking his place Mr. Draper said This sale is
by four different companies, not IN combination.
regard the reports that have been spread through
the press desire to say that have been instructed
by the President OF each company TO TO you that
this is an sale. The coal will be sold absolutely
without any reservation by bidding any protection
Whatever. SO the sooner you dsabuse your minds of
those statements the newspapers the better.
shall first sell Delaware and Hudson Canal coal, then
Delaware, LackAwanna and western, next fniiadel-
phia aud Reading. anu last Pennsylvania. Each com
pany Is represented by officers from whom YOU
attain any Information you may desire Circulars
OF the 1rsl.namod company containing list OF the
Goals to be sold and tue terms of sale, then dis
buted all the buyers present could not obtain
copies Mr. Draper read aloud for tho benent OF the
DELAWARE ASp HUDSON CANAL SALE.
This company contributed ITO 900 tons the 500 900
offered In The lots mentioned the highest bidder had
the option Of taxing the whole lot or portion of 1t
less than 100 tons The offer OF this company was
divided per table published at the bottom OF TINS
article
The FIRST lot, consisting of 5000 of steamboat,
roa was then put up IL sold iorirom 81 20 TO 50 per
The first sale was made to Mr. Ward, who bought
LOCO tons at So Mr. Brook bought 200 at 81 81.
Mr. Ward another l. 600 ious at 81 so Al the latter
price Msssrs Potts Burlcgn took 500 aud 200 ton.
respectively. The remainder Of the lot was sold for
81 70 per ton, Mr. Chapel taking 200 tons, r. Hig-
gins 900, Mr. Donaldson 500 and Captain Spicer 400
Tho next lot ~. 900 tons OF CRATE coal, which
1000 tons and Mr. Ward, 1000 at s. 80; Mr. Nelson
bought $50 50 a.; Mr. Ward 5000 at s. .,
aud the remainder sold Tor s. 20 to the
81, 600; Jordan 900, Jayne, 2O0i Atchinson, 100;
Pollock 1000; CLOVIS, 100, Holmes, 500; Lindsay,
100; Grissold. $50; Watkins, 5ooi Buriegh, 800;
Nckenny, 500; Donaldson, 600; Cornell X Co.. ZOO,
McAlllstcr. 500, Crookc, 1000; Uadcrhl, ZOO Chap
pei, 1000 Bennett Young, 500; Dunlap, 500 food
specd zoo; McEwen, 200; Wnslow n Co, 2,OOo;
Alien. 100; Gray. 800; Kunkilc 200; Cornell Co,
loo. Chapel ZOO; Cas,ney Co, 500; Allen, 100;
ward s 600; Caldwell 500; Peterson Il Backer, 30;
croose zoo; Masquso, loo; CLOVIS 100 and the balance
OF 3, 200 TO Mr. Ward.
The ne IT lot consisted Of OF egg COAL aud
,oa for prices ranging from s. l2ls to s. Is. The
,acs at the latter price werc5ureSh, 800 tons Mel
,on 100; Chapel SEQ; Lounds, 500 Atohinson To-
schemerhorn 1.5: Noursc, ECO, Hatch Tyler, 2ooO;
Dlbble. 125; Hard, 800; Church, 200; Underhill,
1875; Jayne, 100 aud Green Newer. 100
AZ az i2i, per ton the sales were:-Jordan,
900 tons: ward s. 900; kopkite, 500; swords. 200;
Chappel 3oo Crookc, 600; HornDcck, 125i fhomp-
SON loo; Pomeroy, 1000; Bartor, no Luther Son,
100, Pollock 200; Goodspced, 700; Waterbury, 2U0Oi
s,aple,ou 4 Pniilps 1000 Person 200: Galney,
zoo; Eldrldge 200; Hatch Il Tyler 200; MeEwen 2OOi
CALDWELL 500; Linsly 800; Ward, 1000; Potts. 500
Dayton, 100; j. W. Luther son, 100; hckenny' S0oi
Moore 900; Lyon. 200; o'Nei. 100; Pomroy soDi