, 1880-04-16

X X HTiS,nitE PIttr5 ut' TIC I!dor rctHief TatH
%ss"as aas market N',s wtn ;bo opersii,s SSt"%f f
!lnrk Is tl,e cnnl.tmarket. Yet tho coal Ques.
WIS nn!tuly aHltRted l,y tho announcement
tic present, Inns t,ten t,l,u Of
UStEE!.H.tL INTEREST.
II Is discussed to tteail,, lii print md ont nf
,, 1y r"ilc. .ai %sn ,as ass,,rs Wo,td snl
upon, eyery portion Of tiia subject, bit whusu
assertions prnye they kiow ,,0t!lt1ig whatever
nb9n! Il. Their arguments nrn ilsitully falsc,
n!ti THUR facts are evoked frbM. their llnAE1n
ati, tat ,vl On o,,S IT., olMt ly are they aesrate
Ac4lly ~ high rs wllell the supply Is limited;
and that ct Al! times they 'lavu to pay att iii.
or;ltGnsa tncrensr q, the prlmo cost Of tho
artic!c. lMyr told yor what thoy ,lo. ,'r!,ey
Ills master Is the arch.Otfcnder. but tho pul-
!le does mot kNUw It. Tho causes Of pxliorbl-
lant PRICES 0Sc',r, therefore, befHra the raai
reaeliss tho dealer. kecE cotllretltlon cott,-
pnssiDle rroilt,-at ccrtnln Seasons. at tho
smallest plsstblo inss. lIrnco no blnine nt-
tnel,cs to tlion. It H. i,ecessNry to ohscryu
thp opcrat1nl,s Of, tho Coal Exclinnsc, wl,rre
ofsfs e s ais Ssss t. is sssyS5 sss s the true reason
TIE COAL. niSa
II term freely banlied about Mt MI times
extsts, but Its lllclnEers nre neither thu coll
tcry owners nor tho retatt nlcrchnnts. AZ
tlio nleinbers Of thls cabal nro n must inter
esi'ng GlnSs among tho operators IN thu nar-
ket, ! s''all lntrMl,ce. ,yol to them by oxpos-
tnE thelr cunning. Illus 1t not bectl written,
By tl,elr works 80 shall kl10w them? Ii tliu
idct0r WHO reprtsGiits the tttwsl:vOuntry coil
lery Werc left uninterrupted y, Ills business.
and so!1E only and directly to tho re,ailrr, tho
1uNrkHt.trIrH .Wntili hn rnrn1utNT .yff5,nnt
question sorty by the demand, tho mercllnnt
wo!llsl GGt is coal ut nlllc'l less pricu than
10 II obliged now tt, pay. atid tho cotisstter
WoI!'t 3l 3nenct Mcconlilgly. But this y Ire:
fnctor, l'nt who Is In reality nothing else TIM,
Il spcculntfnE mcrclnlit. Ono cmomailt, PLEASE,
ana l., wiii pp, present lin y y%u:
table will, stakes belonging 70 tic public,
wlIo was never in II coal-pIt III Ills life md
never wants to he, nlld who l,rs, It ha be
9Me ma3.x Of ), tho noliopolis,s, the Income Of q
"AIr. A1iillcman,-Alr. Eealer, most for
giving mud long..s!iifcring Individual, rns-
sesseu OF all fllo virtues {nnt having even one
TrdeeaIllg viGG>-in fact. SIR, my hest friend.
trust you WILL enjoy raeli others. company.
dNSi.a awii, 90 ~ y can to mako you better uc-
VI these lntl!llcnen, you Must knew Tint
there nrn two descriptions have told yol ~
lnItcti Mircndy Tic first Is the most n,lMcr-
ns Gs srisyt ny a Hn,s fnssors t's %o rot Sy
iIg, tnke to specn latlng, md bull and l,enr
We Erlces Of coals Upon cls-Exclnnge
liiae ntnl principles. They are well III III tho
9tt'eistfot, Of Sppfy a' demand. and atc cnIc-
t,olls OF coat always on It's way to narkut.
Frequently they net M brokers fUr merchants
unab1o T., rcgiltnrly attend. They buy conf
9n aloMday, opcrnio for !. rise aii, !Fedncs-
sejl ctal tliey intend 10 bay t', a Moa,,tlay,, lly,
md operate for " fall. Being one nEallist
others, these nell often 1osa nj welt MS Eniil,
aMf their specMtnttons ao. not very scllsibiy.
asiees prices. Tho Utstcr class, however,
. 10 THE 1SJt1I.r.
;fiicy aro m1dtItemen Ms well, but their deal
il1Es nre on much more extensive scale.
About adozen OF tliese firms can regulate
lave II crowd Of smaller merchants always
ttssigy tip , II tlG'r e't, ,.n, n consequently Under
II Keeps i,aif thu + rctaiii % coal.siral..
ers oli tls river supplied. Having
iiaurso a1'Il'!nl co'ttracts with the col'erica,
II as sysr + 1nst1s sks soss ~ oys My of "aE "s /
hnse 5'oDo t0,,s ft,r snle On q certain day. II
the M.arket-pr1ce Is high, 1t does not trouble
Itself; 1ut Should 1t, deem tlae profit too
small, It purchases slip of coaf 1T ono Or
Of that !tay for all ships, and
getting I'M extru ntntlt oi, MI the coal 1t llas
~ hanl. When few sllps are ut market,
thls Is It's constGut practtec-solnetinacs buy
Wiiat i tay Tka retailer Is til illus t oblsed to
course ,conil,inntly,-ior, SHOULD it fall to
scll, it las only to f0rc0 conl upon tts de-
pendants or land It upon its own wllarves for
CGllttOunf OnTl0ttttnttea for tffAnoslur of E,tr,