The New York herald., 1879-12-02
ANOTHER ADVANCE IN COAL.

UNPRECEDENTED ACIltlII IN The TRADE
VERY LARGE YIELD EXPECTED NEXT YEAR
feeling of general satisfaction was manifested
around Trinity Building and the other coal centres
in this city yesterday. owing to the announcement
tnat the leading coal companies had ordered fur
ther advance Of twenty five cents per in the price
of coal. The corporations whose circulars were
issued to that effect are the Philadelphia and
Reading Coal and Iron Company. the Delaware.
Lackawanna and Western Railroad Company and the
Lehigh and wilkesbarre Coal Company. The Della
ware and Hudson Canal Company are also expected
to advance their prices this week for western north
ern and eastern deliveries. While not issuing cir
culars the Lehigh Valley Railroad Company gone
rally adapts its prices to those ruling the market.
The present prices of coal delivered on board boats
at the dock in New York Harbor are as follows:-
Egg. So 95; lump. 81; steamboat. 81; chestnut 81.
and stove. 81 30. The Reading Railroad Com
pany and the Schuylkil Canal Company have
also advanced the price Of coal and Of
freights TO the extent of twenty-fve cents
per ton. and the individual operators of
the Schuylkll region have similar advance to take
effect from yesterday. The Lehigh Valley Railroad
Company have advanced tolls from Mauch Chunk
to Perth Amboy from fifty cents. the lowest. to
ninety cents per ton and the individual operators
on the line of the last mentioned railroad made an
Saturday of ten cents per ton on furnace
and lump coal. The increased rates, it is claimed
will prove beneficial to the miners and other
operatives handling coal, it brings them increased
wages and will doubtless be the or alleyiating
much distress and dissatisfaction among tho inhab-
itants of the mining regions. The LehiRh Valley
operatives, being paid sliding scale. must az
conseq uence derive immediate benefit from the in
crease of tolls and prices.
One gentleman said to o HERALD reporter:-"Even
though the price Of coal should be high higher
than it was last winter nasmuch as the country is
in q better condition than it then, the people
can afford to pay for it"
MR.. SAMUEL sLoAN's VIEWS.
Mr.. Samuel Sloan. president OF the Delaware and
Lackawanna Railroad Company. in reply to qnes-
ton by the reporter. d:-"In the first place. the
facts Of the recuperstion Of the country and
vival Of its industrial interests apparent to
everybody now that there is disputing them.
and this, naturally, has affected the coal
market, as coal is Of the principal
commodities used in manufacturing. It starts cot
ton and iron In short IL starts almost everything
connected with our leading industries. It being an
essential ingredient in manufacturing interests 1t
feels share Of the general revival in business. As
to the production OF coal. it excessive for the
last three or four years. when connected
started on period of renewed prosperity the pro-
duction and consumption Of coal are about equal
Indeed might be said that for the last ninety days
the demand for anthracite coal has been than
the supply and to such extent that the coal
panes East aud West are very much behind in their
"What is the state Of the coal market at PRESENT.
inquired the reporter.
is upward. There is an advance by the principal
companies of twenty-five cents per ton, and this
the market feel confident that. with the present
general revival OF business the country will take the
coal likely to be produced in 1880 at prices remuner
alive to the coal companies. My impression Is that
coal being such essential article in the manufac-
turing interests of the country cannot remain down
in price but must participate in the general pros
PRICES no REMAIN FIRM.
GLOW long do you think it will remain at the
II think it will stay at this price during the win
ter season; at the same time look forward with
for the reasons which have already stated. There
may be some slight fuctation In prices during the
winter. but do not look for any downward ten.
as bituminous coal. may add that have great
confidence in the revival of business prosperity that
prevails all through the country"
An officiss of the Philadelphia and Reading Coal
and Iron Company said:-"Although we raised our
prices twenty cents ton this morning the market
IS stiil lower than it was year ago. wheh. for in
stance. were selling stove coal at 81 40 per ton
don't think there will be another rise this month.
but, of course. we cannot tell what may happen be-
fore the winter Is over"
Another gentler an. who is largely interested in
coal on being asked whether another advance in the
price might soon be expected replied. II think it
probable that coal will remain ut the present price
all the winter Under the advance OF prices the re.
them the wholesale dealer keeps his price during
at that which prevails on the 1st of Decem-
ber."
'.Are the winter supplies already laid in2'
"That is a difficult question to answer. Some per-
sons have laid in IN winter supply and others have
required to supply the market is very large consid
ering the constant increase to our population by i'm
migration, and that every additional hundred people
who come here swell the number Of coal consumers
to that extent.
THE INCREASE IN PRODUCTION
The product Of coal of kinds-not alone anthra-
cite but bituminous-in this country is increasing
beyond any former ratio. We used to fancy that
increase OF 200000 tons yearly large increase
in the aggregate, while safely estimate the in
this year 100000U0 tons in the coal produc
ton. This is nearly one-half Of the coal production
of Great Britain and it is all consumed ut home.
We will have increase OF 100000 tons of anthra
cite coal this year. the remainder of the 100000
being bituminous: and that estimate will be inside
of the mark. Ohio, Indiana, Kentucky and Illinois
all large. increasing producers Of bituminous
coal carried into those States # viii thus be seen
that the coal industry is indicative Of the general
prosperity OF the county tE regard s rs 5000 sign
ing better prices when the coal and iron indus
tries of any country are depressed all other indus
LIVELY YEAR IN PROSPECT.
"The prospect for the coming year iSdoubtless
favorable to the coel interestsY'
1--WE expect 1t to be year OF unparalleled activity
in the coal Market and preparations already be-
ing made to meet the increased demand In all Of
the mines work Is generally stopped for couple of
weeks about Christmas time III order to effect re-
pairs and get things in shape for the following
season. THIS year the cessation from work In the
mines is.intendcd to be OF longer Duration lasting
from December 20 to the 10th OF January the addi-
tionai time being considered necessary to prepare
1t is also intended that this stopping work shall di
mnish the coal product twenty-five per cent during
the first three months of 1880. by that time the coal
hand will have been pretty well used mp. that
by the LIST Of April the companies will probably ad-
IL eypected that the coal prOduct