The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1877-07-21
The Coal Trade.

The anthracite coal trade continues without
special feature The most noticeable event IL
the trade during the past week is the announce
ment that 100000 tons Of coal are to be sold at
auction on the 26th and 27th OF this month. nt
New York. OF which the Delaware Lackawanna
and Weste IN will offer l50 900 and the PennsyI-
vania Company 100000 This is large quanti
ty to be thrown on the market in It's present
condition. but then, the question is pertinentlr
asked what is coal mined for IT 1t is not to be
brought to market No wlthstanding the very
large auction sales announced. 1t is fact that
the coal tonnage is Stacking uD little The
Reudtng Railroad carried for the yypeAs endinfr
on the lIth instant only some i50OOO tons Tbe
movement at Port Richmond, however ia near-
~ lteady the receipts and shipments amount
ing 70 aOOuJ the same figures. Whether the re-
ce1pts ace falling off for the want OF orders or
because OF interruption by reason OF the Cele.
DIaTi01 Oh tne Fourth or because individual
say. The last named cause is probably the
man reason OF the lessened supply. Operators
cannot ntOrd 10 sell coal at less than cost as
some OF the cnrrving cOmpan es which are nlso
coal producers are said to be doing the latt, I
70 70 DlenIlng the Two charges on coal and on
transportation as to tighten the loss that would
O6nerWise entail on production alone Bun
Wlatever tne capse OF a lessenlng supply of cOni
now coming forward, one thing is patent 10 the
comm0nest observer, namely, that coal is no,t
az lts lowest point; necessarily, there can he n
Detter tune to Law III the next winters supply
lne cOal operators and coal companies do not
IOuOW the business with the view of all the
tlHe selling 1t at or below cost. There are Oc.
caslOns when the necessities of the situation
make II temporarily beai able but when such
seasons come around they art made as short by
producers rs possible, and arc usually followed
py such an advance In prices as viii recover
Dack previous lOssess Every man who buys his
coal az present prices has portion of the actual
cost oil supplying and housing it bo ne by the
pfoduCef. 1nls is kind of traffic that cannot
lhst: Hence those who delay their purchased
DO II AT the risk of not only paving the entire
cost OF Their coal, hut with tho probable chance
o1 an additional charge to make no the Opera.
Tors previous losses. TO carry on any of the
legitimate business pursuits OF life there must
De tair ana equitable compensation ali round.
Hoal, an article Of pilme necessity. is no except
tlOn 20 the rule. Prudent people. therefore, will
see the wisdom Oflaying III their coal promptly
Al the contingencies OF the season and oil the
traue sucn as suspensions, combinations
strlkeS, ana accidents are on the eide of higher
prices as the year advances. The Reading Cual
ana Iron Company have not stopped any Of
thelr mines, but number OF in0ividual oI1era.
tors in the Schuylkil region have stopped
thelrs, and we are informed tnnt the Lehigh and
Mlikesbarre Company have temporarily stop.
PED their Wilkesbarre mines. IL Is also stated
tnat the SusQuehanna Coal Company have
ADOPTED similar course of action-Ledger,
Monday,
Inc following table, shows the quantity OF coal
smpped over the Lehiglr Valley Railroad for The
week ending July l4th, 1877 and for the,vear ps
f. son ttY,,. la