The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1877-12-22

tonnage, against the wishes Of the operators
| finding outlet and market over his road.
| If any want the use of his cars and his road A.,
| he thinks, under his charter, he is bound to
| furnish the one and yield the use of the
other, but to the extent that the Lehigh
| Valley operators may agree to limit product
| ion and to otherwise conform to the terms f
the proposed combination as they may be
agreed upon, he will personally lend the
| matter his cordial aid. In other words, he
will do what he can TO further the wishes of
his customers in any arrangement they may
agree upon, and in confirmation of this he
has given the other members ofthis proposed
combination his promise in writing. The
only remaining point likely TO invite dis
cussion and lead TO delay is the amount
required TO be put into the pool by each
party to the combination. Some of the
| number think it inconveniently and unne-
| cessarly large. Two,thirds of the sum
suggested in the published outline of the
agreement it is thought whuld generally be
more acceptable. As this, however, involves
no principle, it may be readily adjusted.
With an interest SO large and desirable on
| the side of such an arrangement rs will
remove loss and ruin the contamination of
the thing seems probable. In view of such
probability the losing prices of anthracite
coal have been advanced in all. since the
discussion of combination, probably one
dollar per ton. In this connection the
Engineer and Mining journal gives currency
to the statement that the banks, partiei
larly the Philadelphia banks, are pressing
the companies forward into the arrangement
with the hope of being able to hnload the
paper, more or less connected with the coal
trade, with which they are loaded down."
so long as the subject matter of an arrange
ment between the several companies has
been under discussion the coal trade has
been nearly at a standstill; and it is not
likely to quicken much until the matter is
definitely settled. Some few dealers, inter-
preting the cOnsumation of the project as
reasonably certain, have made purchases at
recent very low prices, and if right in their
conlectures on this point they will no doubt
make on their operations. In any event it
does not see possible for them to lose, as
coal cannot be produced at prices lower than
those which they have purchased at, and if
there is no further market at present prices
mining must stop, and that of itself must
necessarily put up the market. The present
probability; however, is that some sort of
an arrangement for the protection of all
parties to the trade-producers, carriers and
consumers-will be advantaged, the two
former in obtaining living prices and the
latter by having a steady supply of stock to
purchase from at prices within reasonable
limits. The Reading Railroad Company
and the Reading Coal and Iron Companyb by
their respective boards of managers, on
Saturday advanced their freights and tolls
% cents per ton and the price of coal for
shipment from Port Richmond 80 cents per
ton. The other companies have made cor
responding advances. The only other item
of special interest during the week is blow
at the Brotherhood ofLocomotiVe Engineers
FROM the Delaware Lackawanna and Western
and Lehigh Valley Railroads; which have
issued notice that no member of that
organization or of the Trainmen's Union will
be retained after the opehing of the new
year, thus proposing to make strikes as diff
cult as possible.-Ledger, Monday.
NEW YORK December lS.-The conference
of representatives of the coal interest was
resumed this morning at the coal and iron
exchange. There were "A number ofoperators
and spectators in coal in and around the
building waiting for the decision of the
meeting, but they got little or no informa-
tomas the proceedings were strictly private.
Among those present were Samuel Sloan, of
the Delaware, Lackawanna and Western
railroad company George A. Hoyt, of the
pennsylvania coal company; Judge Lathropy
receiver ofthe New Jersey railroad company;
Colonel Thonias A. Scott, ,ofthe Pennsvlvania
Central railroad; L. w. Clark, of the Lehgh
and Wilkes Barre coal company, and p. IL.
Sayre, of the I.ehigh coal company.
The meeting passed several hours in con
sidering plan or basis of a combination
submitted by the committee of three ap-
pointed at the last meeting: 1t is said that
special concessions are to be made to the
Lehigh Valley interest.
The following is the text 6fthe agreement
adopted
First. The establishment of a board of
control with one representative of each
interest.
Second. An equitable distribution of the
entire production among all interests.
Third. Giving each interest the right to
manage its own sales and make its own
prices, but establishing joint coal exchange
for the sale of coal.
Fourth. Establishing a penalty of Sl.25
per ton for over shipment of quota, and
providing fund out Ofwhich such penalties
shall be payable of fifteen cents per ton ON
all coal mined.
A committee consisting of fMeasrs. Dickson,
Linderman, Clark, Hoyt and Gowen was
appointed for the purpose of determining to
which companies the coal shipped over more
than one road should be charged and of
reporting to an adjourned meeting, to be
held on the 9th inst, the several quotas of
the respective interests.
The folio wing table shows ne guaputy OF coal
shipped over the Lehigh Valley Re1lrond tor fhe |
nnilnn 30, a.. ,l..I