The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-04-05
Kanawha Coal.

hanaWEa Coais
The following paragraph we copy from
the Engineering and Asning Joarnal, Of New
York, OF the act instant
ssGIs CoALs.- During the week there have
bet, sales OF 10000 t0ns OF Cannelsoa Coat
Compan,,s cannel coal TO gas companies OF
New York and Brooklyn. A further bust.
ress for the week Of 5000 20 Il, 600 tons IS
anticipated. The sales for the week have
been much larger than during the whole OF
1875. and would isdicate that the gas com.
psnies are preparing to meet at least one OF
the demands 6f the pubic, and furnish
better quality of gas. The Chesapeake and
Chic Railroad Company and generally the
Kanawha region will benefit BY the de.
Ynand for better gas, and IS we also
hear. IL Is the, intention OF some
dealers here, in accordance With our
suggestion. TO offer the excellent kanaWha
eniint coal in this and the eastern markets At o
low price. we look forward to a considerable
increase in the kanaWha trade during the
present year. The splint coal Of that favored
region Is certainly one Of the best domestic
and steam Goals produced In this country,
and lite hardness and non-liability to sponta.
neous ignition should make it an excellent
coal for expectation" ts
This paragraph is quite encouraging
although not surprising. We expected an
esrlier demonstration in favor OF the ha'
nawha Goals, which are not exceiied By the
Goals OF any other mines on the continent.
3 Once they are tested and properly appreciated,
the demaad for them in, the Atlantic cities
will be sufficient to give prosperity to the
miners and grand business In transportation
to the Chesapeake and Ohio railroad.
A fact thus far almost inexplicsble IS tne
extraordinary apathy of capitalists and en-.
terprising men with regard to the spienolo
coal property of the Kapawha. The great
value of the coal-deposits in that grand
tield-the facility With which it may be
mined rhe main body of the deposits being
above tie water-level)-should make that
property the very best OF all the coal pro-
perty in the Union; yet it has been taken
hold of slowly and cautiously. The very low
prices at which |. can be bought appear to act
more esa damper than stimulator to buyers.
We have thought that If the proprietors of
this superb property were to raise their assess.
meuts to something respectable that the
prospectors would be more eager to buy.
The lands in the anthracite regions of Penn
sylvania are valued at thousands per acre;
so with the Monongahels mining region,
especially near Pittsburgh, the valuation is
hundreds of dollars per acre. Yet no coal
property on the Kanawha, and We believe it
to be better than that we have been speaking
.of,-has as yet exceeded fifty dollars per acre.
Indeed, sales at that have only been made Of
property Immediately on the Chesapeake and
Ohio railroad. We can say with truth that
the Kanawha coal.felds offer the finest op.
portunities for profit in mining property ever
before known in the country.
We anticipate rapid growth Of coal trans
portation on the Chesapeake and Ohio rail-
road the present year. The increase Of coal
business upon IT will impart much additional
activity to the shipping business of this port.
Time must stimulate the development, Of the
mineral wealth of the James River and Ks.
nawha valleys, and every advancement in
this line is good for Richmond. r..