Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1882-10-14
city Tie,cs 0fthe Coal Trade.

status of the trade in the cities
ramed
New York.-There is not so much
talk Of scarcity of coal as there was
lately. The Delaware & Raritan Can
al is repaired, and coal has commenced
coming through. In tie Cumberland
region, the cars are little better
distributed, though as yet the service
has not been what it ought to be.
Some Of the Clearfeld operators still
complain of scarcity, while others
have been getting more coal, and, for
the time being, easier. The steamer
trade is dull and quiet, and the de-
mand for coal would, with an ordi-
narily good supply, be considered
unsatisfactory. With very moder-
ate supply, it assumes a much more
favorable aspect. Last week Clear.
field operators bought considerable
coal for immediate delivery from
Cumberland shippers; but this has
now ceased, and the era of higher
prices has apparently ended. We
quote Cumberland nominally $4.65@
$4.70, and Clearfeld $4.55@$4.60.
Philadephia.-Although the local
anthracite coal trade is much i'm
proved, owing to the desire of house
holders to fill up their bins early thie
fall in anticipation of a sudden coal
snap or at least of damp, raw spell
of weather which may come upon US
at any time, now that the melancholy
days are approaching, the general
trade is dull. There is considerable
coal moving, but the bulk of the pro-
duction is used to ell old orders which
were accepted before the increase of
prices. The trade, however, is en-
couraged to believe that the improved
local business will shortly have o
telling effect, and that stocks will be
reduced rapidly enough to stimulate
orders at the new price. Those who
were instrumental in securing the ad-
vances which took effect on the lst
inst. are not discouraged. They ar
que that much coal will be wanted as
the present month wages, and that
orders at the advanced rates will soon
pour in. Already the West ern buy
ers are showing anxiety for more coal
at any price, and this is also having
stimulating effect. Much coal has
been thrown into this market by the
break in the Delaware & Raritan Can
al, but the quantity going to tide is
materially reduced by the active local
demand.
Chicago.-The impro vement noted
in the bituminous coal market in our
last issue continues, and if any thing,
the past week was more active than
that which preceded it. This is true
of both the Eastern and Western
Goals. The demand for Cumberland
smithing Goals is ahead of the supply,
and the difficulty of getting quick
transportation, owing to the scarcity
of cars. is proving serious hindrauce
to some of our shippers in filling their
orders. We're it not for lack Of
unanimity among the shippers of
Cumberland here, the price would be
higher than it is. The majority Of
them quote $40 as the selling price,
but two or three refused to advance
their rates higher than $4.25.
BoStoa.-Bituminous Goals are do
ing somewhat better. The striugency
OF the market is relieved, and one Of
our railroads which got down to two
days supply is feeling better with a
fair working stock again. Prices of
coal are unchanged at $3.55@$3. so.
Cumberland agents have been put at
a disadvantage, however, in the high
freights from Georgetown and Balti-
more, and their Clearfeld brtthren,
who are more fortunate in this respect,
have been doing most of the business.
Many vessels have gone to these two
ports within week, and we look for
lower rates. Provincial shipments
continue as last noted.
The Coal Trads Journal reports
that ''the demand for bituminous
Goals is such that tho market may
fairly be quoted az active, and with
the supplies that are coming, no
change is looked for during this
month. Is not this indicative Of
increased consumption of this variety
of fuel? The ordinary and regular
demand could be readily supplied
from the tonnage that is received !;