The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-07-20

THE COAL wAR-CoNDITIoN OF THE TRADE--
TIE AUCTION SALES OF THE PENNSYLVANIA
AND DELAWARE. AND LAoKAwANNA COM
PANIEa
When Nj. Franklin B Gowcn returned from
Europe IN the steamer Brtsnnic II was rumored that
an Immediate ccnterencs would take place between
the magnates Of the Delaware and HUDSON, Delaware
Lackawanna aud Western and Pennsylvania coal com-
panes as the future policy of the combined coal
roads In regard to production and sales Tho crisis
was serious ono. Il was shown ON the one hand
that production necessity, and the other
shat production at the current priccs was suicidal;
It was, therefore, 20 be determined whether mining
should continue 1t comparative loss In order
to keep the mines from flooding, or whether
coal should bs brought TO the and shipped
tide water at but nominal profit in order to keep tho
works and rolling stock Ia ordor These questions Il
Is believed havo not a. yct been solved bcoaass up
to this time formal conference has boon held with
Mr. aowsn since his return from Europe.
THE TRADE.
In order to ascertain whether the roads connecting
with coal mining operations bringing tho usual
quantities OF anthracite TO marko ana what changes
II any, wcrc going on, HERALD reporter visited Mr.
+. A. Fucker at Trinity Building, extensive miner
and shipper Of tho Lehigh region. He said :I really
do not know that l can throw any light on
the situation OF the coal trade. As far
am informed there has been no confer
enco betwecn the officers oil tho dincreut coal
companies and Mr. Gowen since the laucr's return
from Europe NY own opinion Is that as Mr.. Gowcn
has successful Ia tding over his financial Ill icuI
Europe tina, no Will not be ready to strike hands
with vtncr coal producing companies but VIII SELL
coal 10 he produced SO chcapy. Inc men work now
by the day, and they put IN days work. TOO; Ior-
merry they would 60 INTO me DRIFTS and slopes ana
keep them next day; formerly they would while away
tho hours in the grogshops; now they work faith
fully, aad good many OF tho Idle aud vicious are DIS
appearing. As to tho Molly Masu!res, think all
tito murderous element is gone cut of the coal
regions tor The six months strike took all the pluck
out OF the miners whom the operators combno inere
Is good dcrpand Tor coal but At ruinous prces All
mo coal SOFA " inc forpySsaa Coa company IS
meanwhile the usual competition rs going on, and it
would be foolish 10 prophesy the result"
TINE Scranton COAL SALE
Mr. Samuel sloan, tho Prcs.do OF the Delaware,
Lacknwsnnn and Western oal Company issued yes
to-day circular announcing Tho lt6th auction
snc OF 10000 tons Of snran'on coal, 70 take
place "Wednesday, July 25, at No. 10 Ex-
cnapgc place Tho rifcniAr states that each
highest bdaer. ana more ipor ant ihsn all that
bias, in any ioro' whs,evcr w,Il ne made Tor account
behalf oil the company. Tbs cnnsc sccms % be
called ter aocoun, OF the fact tnat maDy parsons
have claimed that previous sales nave been nanipu-
iascd ia ,he inefesL az the COMPANY
rNSssiLvASiA coAL coNrANs
Mr George 4 hoys. the president OF the above
copnany said 10 tho Ms,ALp rrporer thnt there had
1
the splc OIL 10000 tons OF littston coh had
been decided on. The nrst circular announcing
auction yalc VII take place IN Trinity Building
on Wednesday, July 80, AZ eleven O'Clock q. NJ. 1t 10
"a condition OF the sale that delivery VIII be- maze, II
desired 10 oonpany's boats ~ New York Brooklyn,
but sky cents per ton additional. VIII be charged IN
The parties change tncir base OF delivery rom
Ncwburg, n. y.
HUDSON
The sales agent ol th's company 10 the absence OF
Mr. Dixon, N, president. told the HERALD reporter
that he did nny had yet be had
between Mr. Gowrn aud inc othcf representatives OF
tho coal ccIapanics; as Tor their own association
coal was s0t at auctiJn those public oncr ngs
were made alone by the Psnusy wanna Coal Company
anu Tho Delaware Lnckawsnnd and Western; they
mad Isir demand Tor their product, and the gentle.
man could not say whether there would DO another
coal combination an effort 10 form ono.
A coal dealer told tho reporter that tho stocks on
hand In yards ana the wharves were heavy and
the domana exceedingly lfhi; The chances for mn al
vance wcro slender, anu without our manufacture
started up the outlook was gloomy. The depreciation
OF the capital Of the leading railroad corporations
curing one year, he believed, will fully equal
$4,000, 001