The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1879-05-31

Nhe tOnt Irndes
The condition of the coal market remaini
very much as IL was last week. There ],
no difficulty whatever in selling coal, and
nearly all the large companies appear to be
oversold. There is nothing in the way oi
au advance Of prices, which will embrace oil
Goals in the market. except the continued
determination Of Messrs. Dickson and Hoyt,
presidents Of the Delaware and Hudson
Canal Company and the Pennsylvania Coal
Company TO offer their coal at less price
than could be obtained for it. We under
stand, however, that the principal conpa-
nies whose coal is most readily sold, and
who have the harder varieties, are contem-
plating making an advance in prices, ire
spective of whether the softer Goals of the
New York companies follow it or not. The
Philadelphia and Reading Coal and Iron
Company will Advance prices free on board
at Port Richmond for June ten cents ton,
making their circulars for the month of
June rs follows; For hard white ash lump
coal, $3.50; steamboat, $3.50; broken, 50 40;
egg, 50 40; stove, $780, chestnut, 1925, and
pea, 81 40. They will also advance their
Philadelphia and line prices upon the sizes
used for domestic purposes from ten to fi-
teen cents per ton. The Philadelphia and
Reading Railroad Company will advance
their tolls for the line and city trade
upon their main line and their North Penn.
branch for the month Of June ten cents a
ton, and will also make about the same adj
vance on coal shipped from Port Richmond.
| 1t is also understood that the line and city
trade will be notified by the two companies
namely, the Philadelphia and Reading
Railroad Company and the Philadelphia
and Reading Coal and Iron Company, that
further advance in the price of coal and
rates of freight and tolls united Of at least
twenty-five cents a ton will be made on the
first of July, and still further advance OF
fifty cents on the first Of August, Of which
advance it is supposed the Railroad Compa-
ny will take for tolls probably two-ffths,
leaving three-flths for the benefit of the
producers of the coal. 1t is believed that
some of the leading operators who have the
harder Goals, which always find ready sale
in the market, will follow these advances oi
the Reading companies, and if the New
York companies refuse tc follow it will
simply enable them to get rid Of their coal
very quickly and be out of the way of those
who are desrous of getting better prices
We are assured by the Reading Company
thot the condition of their trade is such that
they can very readily turn to the West all
the coal they cannot dispose of at the in
creased prices, and with the certainty of the
further advances TO follow in July and Au
gus; for the city and line trade, there is very
little doubt that the local demand for Phil
adepha and the line will take in June and
July so large a proportion Of the coal as Il
relieve the company of all difficulty at Por
Richmond. We have no doubt that the an
nouncemcnt Of these advances will be wei
come news to all persons engaged in the Goa
trade, and particularly To the wcrhingmen
in the Sthuylkill coal region, whose rates o
waces depend upon the price of coal anC
are governed SO far as minimum is con
cerned, by the rates of freight and transpor
tation of the railroad. An advance of tel
cents on freight and tolls on coal would b,
equivalent to an advance of iour per cent il
the wages of the miners and labofers en-
gagged in its production, and this advance Il
take place in June and be follwed by sue
ceeding ones in July and August, vii
doubtless be received by the men as a mos
conclusive evidence of the dawn of bette
times. Ledger, Monday.