New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-04-09

.nd When il comes, the coal trace WIN 30
~ tho first OF all our leading pursuits 10 leel III
s1iO. .,, other interests being dependent upon i'
" ma IA, Ledo.r admits 81 that the cher matter
Du. in the anthracite coal trade Just now
VI TO the output of coal for the year. Inc eS'i,
Is Ss omonnt on which the combination o"SeI
- division Of tonnage among INC '0
tno ,odroipo regions is 2O,OOOOOO tonS'
~o;nst 90. 600 900 last year. Inc uiuSu"-S
o;Id weather during the past WINTER anu 'iio w!
,;tsd demand for coal for business purposes ~ -'
Jrrino the present Spring, have tended 70 uepi'S
Aha demand below what was expee'eo' l ~ "o
-ot has ruled quite dull, both for nahi, '.tliHs
and for steam marine purposes or, IrLo
ara the great consumers VI oo''i -,oaa,,a
,ossoned consumption of coal for the le"eon9
49,, - o,,oIrened apprehension with some lest
49, os.ir,oted tonnage for the year Will be 1ouhd
~ b;rb About the highest estimate now Is
600 ooo TONS. and the less hopeful think 1t may
NOT exceed 100000 tons ms ufcieaSe
from a tenth TO h1th VIII ,s maAS "a
"acb 81 the several parties TO the combination
Herein lie the difficulties Of all the large coai CON-
NAMES excepting the PennsylYahla CoaI GoIniIfh
x small tonnage means deficiency IN earnings WIN
xrb,ch 10 meet first charges which are hXed Tegalu
less of the amount OF output OF coal ana plOIuo
zion of large tonnage 10 be sold az an acfuai loa,
offers no better prospect. The mining Oh i1i az,
tonnape and demand which will consume IL a!
d nrntit on each ton are the two things eSsentlal
- earning interest on the enormous lEnaJeu values
enresented by the liabilities OF the Prlhclpal Coa
omnauies Failure in either one OF THESE SSSenti"i
tbinrs produces balance on the wrong size OF INC
The stock market to-day hS presented Itue %
interest to any one but the professional uHue' "a
late break IN the price OF st. Paul common 10 ~
was tbe only noteworthy incident OF the uay, ~
stock opened at Az aud after advancing 10 Is to
fo 1853, IL remained at about that prlce uiIl "iu
S.45 n No. when it suddenly sold down 10 90 l, DI
tb;s decline had little effect upon the geHci"
market la st. Paul preferred the t9taI 15H
~ the day amounted 10 only $50 shares ~ f1 1SS
72is. Northwest common was az 4I'4Gif0Gd ,iro
10 nreferred at 72lsG 73072ls; Rock lSang ph d
mil wavl at 1O27sQ102l2; Chicago, bur.lIgton
and Quincy at 1O27 sG102Ss and Chicago anu Al'on
at 72l2Q727s. -, ,,o+ esneciollv
LIZ nv Iate shore selling at 6J7SG66'sa 66
MirbiSan Central at 6sl2. Central and hudson oI az
1o7 and Erie at 1913. Wabash declined Hoih -Os
20 lob lint Ohio and Mississippi common rose 70
10io and ended at 10ls, while the preferred ~, Wa as
Traded i'm TO the extent of 700 shares at rom ~ u
1875. 1 oo+;,-o for the
two Delawares but later LOST all the auSal H
neIaware Lackawanna and Western solo az oO'aa
56i1655Ss3556s, and Delaware and hn HUDSON a'
65IoG55 Morris and Essex was duh at fSg pa,
end Central of New-Jersey at l6S4UlOi2 nS Sser
Union was neglected at SO 81 IS anu 1919
Mail sold at 2Ol202002OSs. Inc market Clo? '
with the average operator puzzled as 10 tne @ ~
of the DAVIS operations hence, Its cohulloH may O
quoted as feyerlsh.
Dance OF THE STOCK MARKET.