The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-24
TING GOALS ABDlCATl0N.
.ovFR PRICES THE FIRST RESULT
~" or TuE BIG DISSOLUTION.

.,.,I diamond. n Dollar Ton CheapeI
b's. . =, tho Tricks Of the Great Corpora
so"e ,.n,gb valley Preparing for u Big
nou ,.t,h tho other Mining Companies
,,,,,,, soo 900 tons Of coal to be sold on
Nv arc Intended" said a President OF
,,o coal corporations yesterday ITO MT
QUO - ,,,.,ke, with the force OF a gigantic pile
,no ., 7, ia the undoubted purpose Of the
,,c,n.nies that are to unite In the sale
iou' na,aw,re. IacKawanua and western, tho
"" - ard Uudson the philadelphia and
:. ,,uo aud the Pennsylvania Coal Company
- ,,,,tah the Lehigh Valley people a. Tar as
..stIe Asa Packer and bis railroad may De
20 enough. Mr.. Packer Is reputed to DO very
..,,hv. But the individual operators who
80 reprcsented in the coal combination VIII
Ss.a,y .oueezed In the I'M pact Of these power
ful corpor'uons' ..., -, ,., a..
ya,,,n valley Railroad said yesterday that his
.ompany had determined to meet the 9th err four
oorporatlons on their own ground. III they
wanted 10 lower the price OF coal two, three. or
-FOUR dollars n ton, the LehiRh Valley Railroad
would put down prices to the same figure. He
Knew that the Delaware and Lackswan-
no, and the Phil delphia and Reading
we're In no condition to carry on a
In their present attitude their stock and bond
holders would be In worse condition than those
n the Lehieh valley Railroad. He had under
ttood that the auction sale advertised for next
Tuesday was to be Peter Funk arrange men,
md that agents Of tho companies were to be
mere TO bid for IL. That plan would not work,
nor unless the coal WIS disposed OF fairly and
HE real condition OF the market tested, there
would be lower sales by other parties.
The way IN which the Lehigh Valley Railroad
said to have circumvented the compact OF
HE organization was ingenious. The coal along
a. line 4, mined and owned chiefly by de lers
uncnnnected with the road. but who use u for
transportation. When times began to pinch
swing to the high prices maintained by the mo
,opoIy, and no market could be obtained for
he coal unless at concession from the comoi-
nation figures, the a operators In the Lehigh
region found that they must either stop mining
Dr. break faith with the railroads by mining and
pending to Underwater many Thousand tons OF
poal In excess 81 the quota which the Lehigh Val
lev Railroad was allo we'd TO ful nish bev did so.
Asa Packer was teminued Of his pledges. and
after tn he told the miners mat he had 10
esrs on hS5d when them spn,s 10 1"i
DO DOUBT tn Col. Scott o. the Pennsvlva la
Raiir, ad h ID plenty. and II they were swi ched
of on the Lehigh Valley Railroad NJ Easton he
could not refuse to haul them. his device was
adopted, and thousands Of carr were obtained
IT. Col. scott DIV the OperttnrS IN tue Lculgn
region. loaded, and hauled to market
The met nod adopted by some members Of the
combination to dispose Of their coal without
openly violating the contr CT was novel There
ar three prices made Jy the combination fof
each kind Of coal One TO the trade. another "a
The Contractor. and another 10 consumers
Now the companies anxious to dispose Of theti
GOAL even at prices below hose fixed blythe com
bin .tioD would figure In tue cOntr ,rtor as
consumer. and by Hrtful dodges In the way OF
unloading the fuel purchased bv MN at certair
wharves. so as TO throw on suspicion Of bre X
mg the monopoly asreemt Mt. M. n ge TO dispose
Of some OF their su plus at lower rates.
An int tncs of the devices resorteu to on the
part OF consumers to ind cheaper fuel than that
SOLD by the combination was narrated by
hevy coal dealer yesterd y. He said Some
lime aRo l received iDvit ton from Jacnt
Vanderbilt to Tx price AZ which would sup
ply 1000 tons Of anthracite coal to use on tns
Staten Island ferry boats. gave him as low
figures ss possible, and then found out that he
was engaged IN ejaculation as TO whether he
could run his ferry boats cheaper by burnins
bituminous oal. He concluded 10 try the ex
pertinent. and has been using Dituminous Goa
sver since"
1t IL said that the coal road. could afford to
BELL anthr cite, delivered at HobokeD or Perth
Ambov, for % q ton. II they we're Only Obliged &c
paw interest and dividends upon the actual cost
81 their properly. 1be coal IN 10 ed AID delivered
1t the seaboard costs about f22o q ton.
III following table shows h1w the coal rail-
roads and CON paDies have increased their facil
Hes and broadsned their foundations during The
Ast ten years: