The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-14
SALE or PIrToTON COAL.
TWO HUNDRED THOUSAND Toss Under TINE
HAMMEgwaAr TIE BLACK DIAMONDS

TWO HUNDRED THOUSAND Tons UNDER TINE
HAaMII--waAr TIE BLACK DIAMONDS
BROUGHT.
Yesterday morning, as eleven O'Clock, tho real cs
ta,e saicsroon, the basement Of Trinity Building
No Ill broadway, was throa.ed with coal bayers,
coal Shippers stockholders ant Others vino had been
drawn thiibcr by the advertisement OF the Pennsyl
wanna Coal Company that they would sell, at eleven
ociock to the highest bidder 200 900 OF Pitston
coal II estimated by competent jndges that fully
5000 persons wcro IN the immense ROOM out IN the
and front OF the building all directly
directly Interested 10 the result OF The auction safe
There several why unusual interest at
tachcd 10 this event smo1s the prom being
the following r., ths large amount offered the ru-
mors inaustr,oosy circulated. thst was direct and
wafliko competition with tho Delaware and Hudsor
Canal Company tue Beading Railroad and other rvais
anoLs the coal comp ancs, und the chances-rcnote,
1t WAS truclhat The anthracite would bring such low
irics that the company would decline TO sell
ruh sALE.
Mr. Draper, Of john II. Draper Sons, mounted
tho rostrun at eleven O'Clock BY has s,dc was Nj.
George A. Hoyt, Tho fresidsnt OF the company. VINO
told mo audience that the gale 10 he Load > aud
tnat purchasers vi hundred tons could have tho
privilege Of t-kus up " 1000 tons as " lhe variety,
becu accused u putting ap the aige amount "out OF
spae,b but tho puDic must rememoer they wers sell
Ing thoir coal in periods and tbs happeDed to be lonS
period OF weeks. which would make only the aver
age vi 49,, 900 tons = month. Mr.. Hoyt thRn an.
Lounced hai they would sell ot lump coal 10 000
5000, sratc 5000, egg 20 900, stove 10000
ehcstaut ~, Oo0 aud OF Tea 800 toss
TBE TERMS
Mr.. Draper then read tho terms ot sale, which diff
Tered materially from those IN force other sacs
Twcaty ceats per toa INSTEAD Ut tlty, 0rAeriyl IN
cay bankabc funds were 70 be deposited shc day
salc security Tor tuhinens OF contract the bal.
" be pad witis ten days thcre.lsr NJ tho
paDys office, upon the receipt for the delivery OF tho
coal being gwen. The coal 70 be taken away
Tatsoy iron the l5b dy Of Ju0e 70 the lsl day OF Au
gust 1871 a, least ehra part To be removed with
each period Of fifteen DAYS. Capa0s Of t0as gong
NeyDurg where aH coal is deiyercd) curry
them order from the COMPANY. but delivery wouio
Ice made, II desired, In the company's boats al New
dittonai TO tue saio prices
Tue coA started Mt e. and rose by quick
advances ~ " o. bus did not bold there the vulk
beng taken nj " 10 aud 81 81 per toa, the pureLa
cfs selecting ibe sxo pr,fcfrcd The New York Rubber
Company bought DO tons lump ~ 81 10. Mr. Chapeiie
bought 300 tons VI tue Same size al f2 GIN and 900
Tons OF stove at the same ugure. NJ De Castro
boaghb 0s0 tvus VI grs ~ 81 j2H, aud TIE Tucson
Iron COMPANY took 1900 tons OF lump at the same.
Garner Co. bought 1000 tons Of cgs az s2 30, aud
Nj. Bur,eigh 900 tons Of egx NJ tue same hsure
Eca dealers were enabled ~ eponish OF ADD 10 their
stocks about tho above prices tut the conpsint WA
gcaeral that the yards full aud no room iof
Storage Tue pea coal WA put W and 500 last NJ - W
per ton.
Tks following table viii give q comparison between
tho sale 81 o.iay and that oi May H.