New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-07-27
COIL TRADE REHIKK.
TFrOm The Engineering and Mining journal, yuig 81
ANTHRACITE.

TFTOE The Engineering aad Mining journal, July 81
ANTHRACITE.
There is no improvement observable. The
demand continues TO be very light and prices but
little changed. Manufacturing is exceedingly dull,
dealers are very vel stocked with coal As most do
nestle consumers, who usually purchase their coal
at this season of the year, carrying liberal pOr-
ton of the coal purchased last year, it prob
able that August will be a much more quiet month
than has been generally expected. Still. the Anthra-
cite Board of Control is determined to force ugon
market that has been OvererGwded thus far through
the year 100000 tons IN the month OF August such
having been the decision at she meeting IN Philadelphia
ON TUESDAY This aetiun has been very much criticised
b. the great majority Of those most famar with the
trade Tue result or such course can only be 10 con-
nue into September very unsettled MARKET when IL
Ia expected that there VIII be a good demand and when
il hOught prices would be steady In domestic SIZES
at least So far, only learn Of advance OF lOc
per ton by the Pennsylvania Col Company, the other
companies either having concluded TO make no
change for August, or having the matter under
consIderaton with an INCLINATION TO continue
July prices. THIS is certainly not what we
have been promised semEOhicailY; VIZ, steady adj
vance in Drices aud a curtaiment Of production that
would permit Of the same As consequence there ~
less confidence in the combination, 10 being believed
that the managers or the companies have dis
covered they must have business and that re-
ueed tonnage al high prices viii not pay liked charges
n a. SAID fbat some of e companies desired make the
tonnage August 21OOOOO while others believe that
it should be much irss Inan that determned upon IL
is now pretty generally acknowledged that grand
mistake was made In forcing the business up TO
1000 900 Tor TIE first SIX months OF IN year Il Is
reported unders audng has been arrived az mat
prices Tor September shaA be advanced Twenty-Five
per ton. lals Is all well enough 70 use ia at
trmpt.nS To force buyers into the market. but tho
manner in wneu business - being conducted VIII rem
Our Pnadelpidi correspondent writes OF the SITUATION
as follows; -, -, ara.
week tAe 5ti OF AUGUST, and continue until
tler quota hsd lie quota fixed 0y the Board on
CONTRA August has Deeh the ntin suDleesbmOng the
coal shippers IL has been txed There seems 20 pc
bur one OPINION about Iss beng entirely too large. with
the exception of tie LeBig operators, VINO claim that
they do than thtir share OF ZOOO,0OU tous
moi becalse tEe allowance not large enough but be-
ctrse tae oxOrEiit rates OF transportation ON the
Reading keep tnS ScauJ xiii operators out OF NeW-f0rk
md yenity eaylng TO the Lehgh region the biggest
COAL instead Of the Sehuylkl shasingh
Ths production by tle end OF August viii be 10000
600 TONS and the market viii barely taSe 16oeoo9o
this year. there wl We less imam oOOo'oOo ieit ior INC
Te Board Of Control has simply greed
TO do more next August Will market ully supplied.
than WAS lst August ana than the average done
pIUddcti0n edch year.
ms is funny way OF making allowances iOr the ex-
traorduary d. preio u of tue times and The economy
inttOaUceG In cOLsHpOu OF fuel In all qnariers IL IL
calculated b. parties vino oaght TO Know are
10000 empty houses in the CITY OF Philadelphia
to-day tHs about correct. and there is Ike
propv mau OF the towns where an hracite II con
snued Tor domestic purposes this item alone shows that
MANI sapguUc caeua ions will have 10 be done over
aaalp reach the prObt0 condition OF tie trade
there been constant, steady glut VI coal IL the
marAe ,,. - A. -.
rates Obtana1le M New-YOrk."
The pr"ouctlon OF anthracite coal last Co.,
O4G tons as AGAINST S749 tons the previous weSEs
ANA 4SO3Js tae corresponding week OF 1877 Zoe
total PRODUCTION from JanuIry 70 July 20 vas V-S,-
5Is tons a. compared with l0.S3s, Sl2 tons for lac
period VI last year, showing a iaiiIBg-On this - of
2Sl0,29i
BIIUMINOUS.
Although anthracite coal VIII probably show falling
OF OF abOaT 100000 this year. COMPARED with
1877 vet btuDiuods bids fair TO nearly hgd It's own
the present there are no orders worthy OF note
beg taken, but yttttTe are rung hopes among ne
pr, uerrs teas better business Will follow especially
Ii anthracite cool Gaoad ne further advanced scarcity
OF vessel, baltimore aud Georgetown tends 10 Keep
tine rates ~ freight very Nigh compared with those
from Philadelphia and NewIok and 20 restrict the
shipments Vi Cumberland coal