The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1880-09-04
The Coal Trade.

DHclal action taken yet as 10 whether there |
shall be full work during the coming month |
Of September, but it seems to be pretty we'll |
that an attempt will be made to
work full time. As to the matter of prices |
the action has been more conclusive. The |
committees Of the Lehigh and Schuylkill |
coal Exchanges met on the 9th and agreed |
to an advance in the prices of coal for Sep |
tember. The Lehigh companies will in.
crease their rates 25 cents per ton on all |
grades, and the Schhylkill interests will ad-
vance prices rs cents on all grades except
lump, steamboat and pea, which will re-
main unchanged. The harbor prices Of the |
Philadelphia and Reading Company for coal
delivered on board of vessels at Port Rich
mond will be; Lump and steamboat, $40,
broken,egg and stove, S4.GO; chestnut, ,S4.35;
pea 1885; accompanied with the announce
ment that the collieries will work contnu-
ously throughout September. AL parties
are not entirely agreed as to the wisdom of
the policy which it is feared the companies
have committed themselves to, of full work
and an advance Of prices at the same time.
They think it would have been more con-
servative and safer to have lei full work
wait months trial of an advance of prices.
If all parties lived faithfully up To present
circular prices then further advance OF
prices next month could have been adopted
with more confidence Of their being tho
roughly adhered to-, Prices for New York
and Eastern shipments have been advanced
rs cents per ton on egg and stove sizes, but
on no other. This the more timid consider
a wise movement, and, as they believe, will
strengthen the market. If lump, broken
and pea sizes had been advanced it nigh.
have led to competition with bituminops
coal, but at present prices none is probable.
A meeting was held in this city on Saturday
to decide upon the question of line prices
for September. 1t is probable that tho
prices of stove and chestnut will DO Gd-
vanced for the coming month. The Lehigh
Coal and Nav:gatian Comtany announces
that for the present the following prices
have been fixed for coal delivered free on
board at Elizabeth. N. j. The Company
reserves the right to advance the same at
any time except on contracts made PRIOR to
such change, and orders sent in will not
bind the company until accepted. All sales
subject to the usual conditions: Lump, $40;
broken and egg, $3.50; stove, $4.45; chestnut
81, and chestnut No 2, 1925. The September
circulars, embodying an advance of 20 cents
per ton, have been issued by tina Philadel-
phia and Reading Coal and Iron Company
as follows; Rates for hard white ash coal
delivered ON board vessels at Port Rich
mond, for shipment beyond Capes, at $4,65
for lump and steamboat, $500 for broken
and S4.lO for egg and stove. Tho rates at
Elizabeth, N. j., will be S. for lump and
steamboat, $4.25 for broken, $4.45 for egg and
stove and "a fof pee.
After charging up rentals duo upon leased
| lines. The profits of both companies ave-
ragged in July, August, September, October
November of 1875 $l,115,204 per month
and, present prospects pointing to a good
fall trade, the above estimate seems to bt
within range rather than beyond it. While
the present outlook flirIy Warrants the es
Inmates as above to the end or the year, still
should the coal Produce not move off as
quickly as desirable, there would be in that
event corresponding sympathy in profits
Should the Reading Railroad Company bt
able, as is thought probable, to scale th
rentals due on its leased lines, any sum s.
reduced must be added to the above esti
mate of profits and from them must be de
dreted interest on divisible purchase money
mortgage bonds secured by mortgage on tn
lands of the Coal and Iron Company, whicl
it is also proposed to scale. 1t is reporte,
that many OF the holders ofthese are willin
to make the concessions asked Of them, an
such concessions will add to the balance +
go TO payment of fixed interests, &c, owin
by the Railroad Company. -,
We learn that Mr.. Joseph S. Harris ha
been relieved, at his own request, from hi
present Office of Superintendent and Minin
Engineer of the Lehigh Coal and Navigati5
Company, in order to take the position c
:, General Manager of the Central Railroa
Company Of New Jersey. Mr.. Harris wa
originally employed on the Northwest SUI
vey, but was for many years railroad engi
neer. He was corrected with the Mort
Pennsylvania Railroad in its early history
and was the engineer of the Lehigh an
Mahanoy Division of the Lehigh Vale
Railroad Company, and the Chief Enginee
ofthe Morris and Essex Railroad Conpan
at the time of the building of its Boonto
branch. He is we'll fitted therefore, for th
duties of his new post and will doubles
give valuable aid to Judge Lathrop in tn
successful reorganization of the New Jerse
Central Company. tits, we think, espeoiall
important TO that corporation as the lesse
, of the Lehigh and Susquehanna Railroad
and to the Lehigh Coal and Navigatio
Company, as its owner, that the business {
tine road should be in charge Of one tho
! roughly familiar with the mining opera
tion in the anthracite regions. In this re
spect no one could bring better qualifca
tions to the place Until the death of hi
, brother, Stephen Harris, he was for som
years a member of the firm of Harri
Brothers, in Pottsville, aud there becam
: thoroughly familiar with schuylkill county
1t was largely because of this iamiliarit
with the properties Of the Philadelphia an
Reading Coal and Iron Company, as we'll q
for the sounduess of his judgment, that th
Receivers selected him TO examine and re
port upon the lands of that corporation, an
it is said that his report is one of sign'
ability and thoroughness.. He has also bee
lately engaged in examination Of the COT
lands Of the Pennsylvania Railroad Con
pany, and, having been for the last thre
years the Superintendent and Mining Eng
neer Of the Lshigh Navigation Compan!
o and of the Receivers Of the Lehigh an