The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1877-07-14
The Coal Trade.

The anthracite coal trade is not IN the che6r
full condition that we could wish. but the out
look we think, affords signs or encouragement
Tho1gh the production has fallen OF a little
within week past. in consequence. probably,
OF the festivities attendant on the celebration or
the Fourth" we learn on all sides OF an active
demand for coal for this season of the year The
quantity at Port Richmond IS considerably less
than Is usual on the first of July. The ship.
ments from that pOint exceed the daily receipts
aud the Reading Coal and Iron Company is tax
cd to supply the demand for almost all the
several sizes OF coal except chestnut and pea
Goals. Similar reports come from most OF CD Q
coal centres. An important inquiry in this con
nectiOq Is, has the 2ts millions Uf tons marketed
inns year 20 date IN excess of that MAJ keted last
year TO the sqme time gone into consumption OF
has II Oeen piled awaYl II the former. and the
coal thus lar marketed has been used. then it
may naturally be inferred that tne activity ofthe
spring and summer trade will be carried into
and through the closing months OF the year
II the latter, thai 49, II the coal mss been slowed
away for future use, then tae active trade Of
the year thus far ~ but an anticipation OF the
activity that usulllY comes later The very low
prices OF coal that have ruled nearly all OF the
year thus far may have tempted purchasers 70
buv early, but tile opinion Of the best informed
II the trade is t1at the usual proportion of pro.
ducuOn thus lar has gone into consumption.
Tue coal consuming area OF the country has
been very considerably increased, and new
markets created BY the establishment OF coal
]
fore been comparatively unknown. THIS move,
nlent has of it,elf Withdrawn large portion OF
the two mll ION tons Of excess. There is there
fOt Q, good reason 20 look for a fairy active
market tor the coal 10 the emu OF Il year. The
{ neHtlmportaht thing is paying prices, which
| 81 low prrce follows naturally from tho great
depression that has 50 severely shadOwed tile
business of the whole country tor the lPst three
| or f1ur years. Every pursuit has been severe
| ly depressed, ana coal and iron pe.haps more
than any others. But the sun Is nof always
| lung clOuded our prosperity must be near II end
Que among other reasons 10 encourage this
hope Is f,und IN the fact that the financial d &
| feu ties in which coal oorpo atiOns irns aud
lndlvlduais nave to'lnd themselves involved
Rno Wnich tOlceu snem 20 the eale of coal Nl
| prices below the Cost OF prOdncuou ara gra0unl
ly being settled up aud dlspOsrd OF, and, though
! the hilustm at may not IN every ms auce RC
| peInaneht, u viii probably last long eDuuef
Win most Of them; We hope with al OF them
| TO give yt0ne 20 the market aud nrmness q
| prieeSf The Central Railroad of New JerseS
an9hs leased hnes have come 10 a mutually
leA1aiactofy erran ginent nS t., money matters
4 The Reanlng Rpilroal ConDanv " naviag a ire,
Faud very general accord rendered TO pl ooosi
4 lions OF It's own offering. .Whlch. we naturalll
infer Is satisfactory TO Ihe company, The 10
nign Valley Railroad Company. which. II Il
generally conceded, suffers more from IN patnl
With the suterings OF che other COMPANIES thai
from any inherent ailments Of its own 10 1aill
showing Strengthening credit By tncreases
prices OF loans aild shares. lhO plausible storl
that ha. obtained currency, TO the effect that a
mucn OF the ten Millions loan Just created bl
the Delaware Lao tHwahna and Western hali
EOad u 70 be usea As may be necessary TO giv'
that COMPANY control of the no ris al,
Essex Railroad bv the purchase OF It's stool
al present low prices, 10 TACT, whether true q
not In all its parts, thar must tend 70 tmproV