Frostburg mining journal., 1882-12-09
MINING JOURNAL.
city Vle,Os of the Coal Trade.

NEW YoRK.-The bituminous coal
trade on coast is in good position, the
shippers having orders that keep them
busy up to New Years day TIL
amount received from tie mines is
large, as the consumption is increas.
ing at a rsrid ra's; indeed, as We
notice last week. the pr sent suri ly
is decidedly short Of the needs of con
sumsrs.-Mining Record.
Bituminous Goals are reported by
ths operators as being rather qniet
or than was the case fortnight or 3,
ago. There is no particular weak
ness to be recorded, but the rush for
supplies appears to have passed over
and the trade has settled into passive
conditions. The tonnage that is being
sent forward continues large from
the Clsarfeld and Cumberland dis
tricts, and We may expect that the
ratio will be kept up. for the d emand
for this variety Of fuel in the manu-
featuring districts is annually on the
increase. The Cumberland operators
are able to supply transient o, ders
with promptness, and are also help
ing the Clearfeld operators along
With their contracts. s.-Coal Trade
Journal.
TIE trade is quiet and unchanged,
the demand being fair. while the Cum
bsrland shippers are showing no anx-
iety whatever to sell, and the Clear.
field operators are restricted by a
limited car supply, We learn that
there have been further additions to
those Of the Clear6eld shippers who
have come to an understanding with
the Pennsylvania Railroad Company
concerning rates on old contracts, and
that some of the shippers have OBJ.
tanned reduced rates on current busi.
ness. This, it viii be understood,
would enable the parties referred to
again to become sellers of coal. As
yet, however the suppl, OF care is go
limited that Clesrfsld operators still
buy Cumberl md coal occasionally.
1t is the feeling in the trade that the
coming tariff agitation may seriously
affect tho local bitumi1ous coal busi-
nees by largely reducing imports OF
foreign goods and thusr estrictlng th"
steamer trade. While the discussi, u
lasts, few will buy duliabl, goods
abroad beyond all the immediate
pressing requirements. This has al
ready begun, and the consequence ia,
that steamers come here lighter. and
on sailing from hers take less coal,
having surplus stock. There lie
now in the market an 800 to 900 ION
lot ofgcod Welsh coal offered n, $4 SO.
We quote for Cumberland, according
to grade alongsiie, 81 75@S5, and for
Clsaafeld ,$4.75@$4 80.
CHICAGO The stoppage of the
iron mills has had d d,cidsdly de.
pressing effect on the market for lir-
luminous Goals, and renders the I'm
mediate future of this br nch of the
trade very uncertain. With al in
stoprage Of deliveries on existing con.
tracts, large amount Of coal will be
thrown on the market, and decline
in price follow. AS the Western SOFT
Goals are not stocked, on account Of
the deterioration in value and quail
ity, a stoppage Of operations at the
mines would be very likely to follow
next. OF course, much depends on
the outcome Of the present unsettled
condition Of the iron trade. The fee-
ing now is one OF weakness and de-
preston. Receipts Of Eastern smith
ing Goals have been light, but suffi
cient for the demand. No changes
are yet rcpor! Ell in prices.
BosToN.-Bltuminous sales con.
tinus light, but are quite steady. as
there seems TO be small, continuous
demand from consumers who did not
stock up that bids far to last ell
winter. Tbs Clearfeld jobbers are
looking for an early adjustment of
freight rates with the Pennsylvania
Railroad that will put them again in
the market. The Cumberland trade
is getting steady figures, and doing all
the bus nefs. Nova Scotia shippers
could do we'll at this time; but they
find it extremely hard to get vessels
to fill their contracts, to say nothing
oftransient business.-N. Y. Coal.
MISCELLANEOUS ITEMS.
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