The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-12-06
LOWER PRICES FOR COAL.
ONE MILLION MORE TONS SOON TO BE
PUT UPON THE MARKET.
No Compact Made for is1O-1 s.OOO,OOO Tons
In 1878, Heinz "a Million Tons In Excess Of
the Original Estininte-What Coal Mea Say.

In 1878, Hsinn - MInon Tons In Excess of
the Original Estissnte-Nhat Coal Mea Say.
Tho Anthracite Board Of Control, repre-
senting the seven groat companies Of the coal
combination met in the Delaware and Hudson
Company's building yesterday afternoon. and
agreed to put million more tons Of coal ON the
market. That makes the output for December
three millions Of tons and Increases the total
amount put on the market in 1878 to 1900 900.
being million in excess OF the original cst-
mate Tho tonnage for 1877 was II 100000.
Alter tho adjournment Of tho Board there wns
an informal discussion between the Committee
representing the Lohigh Valley operators and
Presidents Dickson " the Delaware and Hud-
son Canal Company. Gowon Of the Philadelphia
and Reading Coal Company. Sloan Of tho Della
ware. Lackawanna and Western, and other
railroad and coal men. in relation to the con-
tlnuance Of the existing combination for 1879
The discussion was held with closed doors. but
it is understood that tho conference adjourned
without reaching an agreement. The Iehigh
operators insist upou an increased allotment in
case new combination is formed, ana demand
other CONCESSIONS which the other companies
are unwilling to grant After the adjournment
OF the meeting President Dickson gave out the
following correspondence, which. he said. OK
uaincd the exact situation.
wuG,sa.rn, Nov q. 1874
M,ssRs nicssoS iSp towns. CoSsirrr-Gotsa,.,,. At
meeting the coal operators shipping over the leigh
Valley Riroad held In Bchoh,u the roth vt Novcin.
with iou Is our report which was adar.l ami paced
Received mst the allo,n. nj d tonnage Tor ls74 not
being satisfactory t' tic LchHh Valley Interests we
We believe the lest interests ct the trade demand that
tradc o iS5i l., which the rr1inen " coal shan he
restricted to The demand upvn an equitable basis salts
factory TO all the rarut' IN interest Resolved that the
present Committee be continued TO nesouae ~ artange.
mcnt vt temporary stoprascs arr Jan ls'H pending
| negotiations tor permanent arrangement .
Hoping will he satisfactory To- you. shall
pointing tune Vt meeting to regulate ne tonnage for
| Chairman Of committee
To that letter the following answer was sent.
| NV Yous Dec . 1879
knowicrc the receipt ol your favor o the s7lh inst.
which We have deferred an-wetns until We could have
Ing had such conference today. We are authorized to
HAT ANY arrangement Tor the year is7p should be con
sudei ard sETecd uIon nG to Cue gd OF me sem
Committee AMI place YOU may lrtor to
to Sepre.en Re iSh vssy caaI Company as Wei a,
o'hef Lehsh valley OPERATOR ,Il.tar,o,,,
is9sStrS GoSks Committee
In addition to these letters, that indicate the
| early dissolution Of tho combination the Della
| ware and Hudson Canal Company has taken q
| firm stand against tho demands OF the I"higll
| operators. At their last meeting the Board OF
| Directors passed n resolution unani mously APP
| proving the decision ot tho President not IL
| make any further concessions in order TO secure
| "A continuanec Of the association OF coal com
| panirs for 1879
prominent Lchigh operator said. after the
| adjournment ot tho conference: There may
| be a temporary breaking up Of the combination
| | think the companies will get together and
| agree 10 stop mining during January and then
| they will negotiate for \ new combination. The
| companies will b. forced into some sort Of q
| combination. Unrcstrlctcd tonnage would be
fatal TO some OF them. Yes. theirs will be n de-
| cline In prices. There il no demand for the
| last million tons that the companies have de
| cidad a. Put ON the market. The output IL mad,
| 10 furnish business IN certain railroad com
| panics that want tn keep up the price VI theil
| stocks. Nobody wants the coal"