The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-23

tions. The cosi conpary and the rsilroad COM
pany being ope IN int crest. hey would preht bv
tbe large smount " transportation that is ant 20
The Needing Com sasv announce tnat they
will make fenate to IN ir customers on All
con, on hand u here should be 2 iaii .i pr'Ses
crease the basis Of the rebate, aud thev suppose
the otrer companies that are To take part In the
a.cii N sale v III q" the "a o.
r. pardec. VINO re-, resented the Inhich M
dividul q tr tors ", the Boa Of {. ntrol, saws
o. ct undersei lug nd utner things had IA much
to do with bursting the combin ,tlon as the
I.r lVh uveTshipuent, Though they are not
men toned IN the resolutions. He tanks the
sW sn up rs Roiu9 to hurt evetNhUus anu every
tuing nuec,ed With tue u aue. rates VI trans
portatnn and wages. as well as pricts. II viii
be. r ns b, aviiV ON titutninuus coal on an-
thr,c cite, beca sse the prize " the one has kent
ut the otaet. r VIII n h,lp the iron trade
much, wnose dealers nave teen selling below
yer, SIRE over his failure " Keep the Lebigh
rec icitrgnts tocetler.
At TIE ON e vt the Delaware and Hudson
Canal Company the heilef vas EXPRESSED that
piircs will speedily find their level after the
auction sale on 'iucadHv, nd that the purpose
Of the sale Il t. cairS on the surplus coal from
the market. whetc there - a great deal. AT
thus to set lie Price. II il their opinion, also,
that thete Is coal war IN the wind. where some
bod viii ne hurf.
Samuel Sloan, President OF the Delaware.
Iacn awannt nd Western X ilroad. said yester-
dav. ia response to the querv. Has the coal
CON ninaton uursted -" No. siri the coal com
bnati"n has not bqrsted Bot It has been dis
oers !-unuistakan.y dissolved; but not oursted
not bursted. 81 ~
There ~ little doubt that among the Influences
that have Oper.ted to bring about the break OF
the cOmOina ion, the efforts OF the pennsylvania
! When 'ne combin ton was selling stove coal 10y
wholesale at So this week, the Pennsyivania
Railroad Company was selling II al 500. lhis
company controls consider able mining property
IN the ShamOkin. Northumberland, Lykens. and
other regions. The aggregate Production last
week was nearly 1000 tons. In a favorable We "
II has reached a. high rs 3.0JOOO tons. The
pennsvivania Railroad Contrary has made per
sistcnt war on the combination, and has snipl ed
consider. BILE coal South Ms well East.
lite coal production Of the past week amount
ed to 40 90 tons, II decrease OF 1s6,Op tons AZ
compared with the corr, spending period last
YEAR. The entire production OF The year has
reached gsld.4t9 tons. decrease from that Of
1915 being lO.BO6,0JO tons. The following IL the
production OF tue various companies represent
ana Reading mpany-lS16 3l5s612 tons; 1915
264' va tons; increase, 6lU6,' tons. DelawMe.
7s3 tons 1873, 2.l5k@l tons; decrease, l.2l32ls
tons. Central Railroad Of New Jersey 1876.
lSei,6ls tons 1870, Ss4s5 tons incfe Sc, t.6iE!
tons. Pennsy .nid Coal Company 1870. 6js.is9
tons; 1910, S0,,qll tons; decrease. BABIES tons.
Delaw re ana Hudson MI Company 1876.
Lee IA tons; 1876. leblg9s tons; decrease pJl,
7oI tons. 4 he Lenirh Valley Comp ny, which
wa. not in the con bination, produced In 1878,
4+O.6pl tons; in 1870, l15A67J tons, showing an
incre So OF SSS.v,! Tons, or nearly double that Of
any company in tie combination.
The quotations OF the stocks OF the coal roads
In Pniisdclphia. after the news OF the IRE
recc we'd. was a. follows: Lehigh Nalley,
IS. Qs36.. l36'. Reading Iron and Coal Com
= nv ~. a tail Of =. Pennsyivana Railroad
1t with seen that the fret move Of the coal
roads toward making pool was IN 1872. while
the general Imitation stii encouraged the ide of
getting great deal Of money for very small
amount Of LABOR and material.
At this time all OF the industries using anthra-
che ooul In large Quantities were IN full blast,
ana TO all appearances Their capabilities for FL
pansion were unlinited. Railroads were being
built In every y r. OF tho country by private
and public enterprise, and vast amounts of fuel
were ia demand at any price. Foreign capital
was ready To assist, and tue managers Of the
railroads controlling the coal uelds Of Pennsyi-
yanid, believing that the demand Tor tneir pro-
ducts must be unlimited, organized MONOPOLY.
The pressure of the high prices fell heavily
tries req liiring verv Large amount Of coal. As
the piice OF coal went up, so did that Of rails,
locomotives, and, indeed. nearly everything re-
CURED IN the building, equipment, aud oper-
alton Of railroads.
coal at from $3.50 to a. aton. Dealers say that
the INST five hundred thousand tons which will
be sold AZ auction neft luesd y VIII not nilng
even cheaper. There will oe plenty OF Il, too,
for under tue competition just beginning. every
enort will be made by eacn company To mine
and bring u market Us great quantity ss pos
siDle. The prices witch the coal securities Will
bring In the New York stock Exchange IL uf
small moment IS compared win Inc beneat
wnich the people and trade will derive from
an abundant supply of cheap fdel.
POrT VILE, Aug. S,.-The dispatches from
New York this afternoon, announcing the dis
rupuon OF tue great coal combination, Gu ed
considerable excitement In this Ntciuity, aud a
great deal Of uneasIness Is manifested IN the
mines as to the result. IL l. generally conceded
TIA I there VIII he decline in the price Of coat,
and corresponding gre .ucttpn ia mi ueTs WAGES.
Ibey have latter,y been makiug ONLY half time
and IN some Instances, only one-ihird time, and
with the ne,r appro Oh II winter there l. pre-
sented gloomy outlook. lndlvdnal co op
orators Will suffer severely. aud, II l. res iCted
tnsy wili not be .ble to continue business should
the price of coal decline below that MAINTAIN ed
by the com binatiOn.