New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-14
COAL TRADE RETTEW.

From me Enqneerng M,Eno Journal S'DL IL. 1873
ANTHRACITE.
The week under review has developed no
Improvement either IN demand or prceF. TIE larger
sizes OF coal are I'm good demand while the smaller
domestic sizes continue very dull The continued
weather Is putting back the trade In domestic
sizes very much, and az the public has but
little confidence in the combination being a
permanently, It is likely to OF the coal
reported to be left In cellars before entering the
market for Its regular Winter supplies. There
many VINO have their coal put during their summer
absence from the city, 10 avoid the dirt and annoy
ancc Those who have not ayaied themselves OF this
opportunity are not likely 10 rush around immed-
ately upon their return especially II they have
or two months supply hand IL is easy TO secure
coal in January In September ana In times like these
when nearly every studies economies, It Is very df
ncult predict when active demand will set in The
trade Of the present has been smaller than antic
pated by the conservative, and n consequence
stocks will show but little decrease, despite the small pro-
duction allotted. meeting OF the Board OF Control will
probably take place next week, although have
learned OF no official announcement 10 that effect Al
ready there that the allotment for October
will be 1000 900 tons OF course this IL only talk, bat
vet It Is evidently the expression OF opinion u In
tercstod party. II based upon the production OF the
same month In other years, It would be war
ranted but in such a year as this, there is no
precedent for guidance. II such quantity should be
determined upon, 1t would probably dcmOrallze the
trade to "a greater extent than ut present The expt-
Teuce far this does afford much probability
the reGstabishmcnt OF the combination next year.
indeed most OF the companies should be pretty well dis
gusted with Il before the close o. this.
Our remarks the necessity OF assisting the iron
industry borne out by tbs failure OF the Oxford
Iron Company, indebted about quarter Of a million Of
dollars 10 the Delaware LaCkawanna and Western
Railroad Company. This may be considered only
beginning, unless radical change sets n There are
other companies whose necessities very pressing
Hig-priced coal and uncertain priced coal not only d
rcctly the furnace companies from making iron
at profit entering into contracts for future delivery
but greatly the markets by curaing the demand
from other industries dependent on cheap coal at regu
lar prices.
and there Is nothing To indicate that II VIII not eOu
time to do steadily until the end OF the year. Dur
ing this month there will certainly be loss, while dur
ing October and November Of last year there was
production OF about four and a quarter millions OF
ions II $500 900 should be handled during these
two months this business would have 10 be better
than Is now indicated as probable Last year coal
cheap and Il was being laid In oil sides for that
son. and the markets from the same cause greay
extended. -.
4 tons as against 37S 63 tons the previous week and
37 SOB tons the corresponding week OF 1877 The iOa
PRODUCTION from January 10 September was 1921
AIS tons ne compared With 052 tons for the like
period OF last year, showing falling on this year OF
2,O93,537 toms.
BITUMNoUs.
Trade continues very dull, although shipments are
stiff fair There has beon only moderate supply OF
vessels at Georgetown during the past week.