New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-09-05
LOCAL MISCELLANY.
psrsu rs TO A COAL COMBINATION.

n
eELArIoNs OF THE COMPANIES uNcBANSfp-ON-
ABLE TO AGREE ON INSTRUCTED fhOpV0N'0'
AND DIVISION OF BUSINESS. 49,
The differences between the coal companies.wnlch
3ed 70 dissolution of the combination OF 1870 are
believed now 10 be as wide as at any time III 'ne
nrcSeat year. Beyond the correspondence a'teauE
xuhlished no steps have been taken toward t1'
formation of new combination. No conference
between the officers of the companies mas oe'"
held and no arrangements for mee'ns
had been made Yesterday. President Gowen, OF
the Reading Company. returned MONDAY hlsn'
to Philadelphia 1t was said that the purpose OF his
visit was to confer Will the OihcSls OF TIC io"is"
The letter Of President Gowen. Of the Reading
Company. was written. partly at least 81 me re-
guest OF Judge lalhror receiver 81 q ~, E ~ -
Railroad OF New-Jcrscy, 10 whom Nj; OvNcii &c
Gently had express similar views. The reply ~
the Delaware and hudson Canal company Was -"
dressed also - J Judge IathrOp. Beyond beinE 'nc
recipient of these letters. Judge Laihiop mas hV
power of mediation bet wren the companies. -
Yesterday president Gowen was again IN Nv
York and trring the afternoon was M consultation
with President sloan. OF the Delaware, LackawannA
aud Western and Judge LathIOp, receiver OF tHe
Central Ncw-Jcr~cy. The conference was barren OF
results - Tar 10 affected any purpose 10 luIn
new combination. II Is admitted geneia3.Ap 'nat
those companies. together, possibly WIN th' emu
sVlvana Coal Company, would supiilt retuiN !"
any reasonable plan for obtaining hgher prices lvI
coal. he assent of the Lchign Valley Company -
believed 10 he q more difficult matter, and II Is
thought quite impossible that plan can be ar
ranged that wiz meet with the unanimous support
az the Reading. the Lehgh Valley and the Della
ware aud Hudson Companies.
The position and policy Of the companies nave
10. been changed materially since the beginning OF
thc present struggle. Presi bowcn Nleutd so
far as to adVoc.s % periodical suspension ~ min
ing; but IN tine same letter he maintained ms lof-
fuer position that over-TOductiOn not the cause
OF the eNistiac difficulty. Officers oI leadihs cOal
companies are firm their OPINION that temporary
restriction Of the output will not result IN peIna-
reut good 10 the trade. Under the terms or the
combination Of 1875 the division OF the traihc was
Pala aud Rdinr.. .2eG25 Penn. Railroad. .07629
Iehigh Valley. i $50 PENNSYLVANIA Coal p9.eo9
Gen. NeW-Jofsrs 1900 Del. and Hudson .l@'A7V
delaware, Lacks- - =
One of the causes that led TO the rupture
OF that combination the claim OF SONG
al the companies to larger quota. PresN
dent Goweu's proposal to base the DIVISION
npon the business of the companies since the begin
ming the present year IL uuSaf ,staotory 10 nearly
all Of tie companies. The rriptiye p,rcentago 81
the companies ON the business Of this year WOuiu
differ froll that OF 1873 Tie Central NS"-Jescy
has gained nearly per cent. ana the HelaWiS'
l,ackawauua auo Western about ii per cent VIM,
that of the Reading Company Is nearly even WIN
The former Quota. all the other companies nave vst
from that division OF tne business Another onria-
Gle to tAc adoption of Mr.. GOwcn's proposition -
tn probable inequality n the orders already tan-h
FOR coal at present prices. IL % sad 10 De MOI III
possible tnat some OF the COmpaucs nave SOFA AZ
ready the bu of their production Tor thc balance OF
The wear. Under such conditions n Is urged that
those companies would NOT ne interested IN auNiic-
ing the market price OF coal