Evening star. [volume] (Washington, D.C.) 1854-1972, 1876-08-29
kilograms to The Star.
THE GREAT COAL SALE
Panic Prices Prevail.
Hard Times for the Miners.
THE TURKISH PROBLEM.
The Great Powers Consulting.
Preparing a Pill for the Sick Man.
THE GREAT COAL SALE.
Panic Prices Prevail.
Hard Times for the Miners.
THE TURKISH PROBLEM.
The Great Powers Consulting.
Preparing a Pill for the Sick Man.
THE GREAT AUCTION SALE OF COAL
Large Attendance of bidders.

Ntw YORK, August p. The great auction
coal sale took pace to day at noon, at Han
over square, which was completely blocked
with coal spectators. Buyers from all parts
OF the country were present. Intense excite
ment reigned IN the neighborhoad, and win
dows, wagons and trucks were nlled with
spectators, while actual buyers were congre-
gated in a dense mass around the auctioneer's
stand. The auctioneer read the conditions
of the sale, and announced that IL was per-
fectly bona fde, and that no reservation was
TO be put on the goods offered for sale He
said there were four companies represented
in the ssle, but they were not combined IN
any way, and no effort would be put forth
by them to keep the market up. Buyers
could bid, and rest assured that their own
judgment was all they had 10 contend with
The four companies selling coal were the
Delaware ana Hudson Canal company, Del
aware, Lackawauna and Western Railroad
company, Philsdelphia and Reading Rail
road company, and Pennsylvania Coal com-
pany.
The Prices Away Down.
NEw YORK, August 2O--Delsware and
Lsckawanna first offered ~ 600 tons OF coal;
5oc0 tons steamer coal was put up, and 1000
tons of IL sold for So per ton. The price fell
10 g So, and then 70 S275. At which the bal
sDce was bought Forty thousand tons was
then put up, and the first price offered was
The remainder sold for 50 20 TO Spectators
WHO bought at the rate OF 5 600 tons bid.
Twenty i've thousand tons OF egg brought
So . and 80 1914. There was a decided mani
festation on the part of buyers 10 walt until
some one made a purchase, and then beat
the price down. Purchasers were evidently
uncertain OF how far the market might
break, and many held back, expecting they
would get good bargains. In many instances
They were successful, as prices tumbled
during the sale ard then recovered 20 beyond
starting point as the supply beSams ex-
hausted. 10000 tons OF stove started at 8 50,
at which price 10 600 tons went of. IL then
advanced al jump 10 50 90, and was rapidly
disposed Of This finished the Delaware and
Lackawanna company's stock.
The Panic I'm the Mining Regions
PoTTsvILLE, PA, August 2g.-The prices
realized by the auction Sale OF coal in New
York were aRxiously looked for by all en-
gagged In the coal trade. Much surprise and
alarm was shown as the prices were bulle
tined, the general expectation being that the
sale would he Adjourned IL 50 90 per ton ss
the lowest figure co1li not be obtained. The
coal operators say Jhe prices brought will
compel them all 10 suspend operations IN
less tolls and labor can be reduced To "A much
lower ngure tban at present, with the
chances against them even of great reduc-
tions, as the miners Will hardly submit TO
lower prices than LOW prevailing, AID the
situation has gloomy outlook Tor fall AM
winter trade