Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1883-04-14
City Tje,Us of the Coal Trade.


New YoRK.-The bituminous coal
trade seems partially demorslized.
Buyers are unwilling to contract for
any very large quantities at present
rates, while producers are equally
unwilling to make concessions on any
large quantities for future delivery.
Nevertheless, the shipments from
Cumberland and Clearfeld regions
continue large, showing that there is
market capable of absorbing the
present production at least.
The refusal of the Pennsylvania
Railroad Company to modify combin-
alton rates entered into with the B.
& O. has led the Clear6eld operators
to import Virginia nsgro-lsbor. The
white men are agitating, and will
probably strike. Work upon the
Beachnst, Clearfeld and Southwest
ern Road, sixty miles in length will
be begun at once and one half will
be completed this summer.-Mining
Record.
The bituminous trade along the
coast ID very fiat, ard from the sales
that are being made, if as reported,
Improbable the Clearfeld interest
are not receiving the orders they had
last year, for they find the tolls in
flexible barriers, at present. There is
great pressure being brought to
bear to have the open rates that pre-
vailed last season, AMI some of the
opposing interest seem to think this has
been accomplished. Cumberland oper-
Ators speak OF trade matters in any.
thing but cheerful strain, and it is
evident that the muoh-to-be desired
contracts are not being recorded.
Tonnage reports show An av arage Pro-
ductlon, snd after soms few Of the
larger contracts are closed, we may
have basis If price Oh which to work
for the remainder Of he eeason, and
tae orders for any AMI all qualities
be received and shipped, and the bua
mess Wear a more lively aspect than
1t does at p esent, Ciearheld shows
an increased tonnage As INST last
reason, but the tonnage has not been
dcne at tide. The eastern market
does not slem to pick up as rapidly
as some Of the jobbers exepctsi or hop
ed tor. 1t is not that stocks are .args,
but the usual cautlousnass prevails
when the buyers know that the mar.
ke is not 80 firm az it ought 10 be !;
freights have not settled down to the
rat e dealers and consumers at the
east look for. There is fair bust
ness dong in single cargoes OF both
anthracite and bituminous, and it is
fair to suppose that the regular buy
ing for seasons requirements will
soon set in.-Coal Trade Journal.
Some business in small contracts is
reported, aggregating fair amount.
There a number of large contracts in
the market not yet closed, however,
The competition for them appears
to be very sharp, and exceptionally
low figures are stated as offered. The
situation is by no means clear, and
charges and countercharges of special
rates, etc., are quite freely ma de
without any actual facts to prove
them coming forward. Shipments by
canal of Cumberland coal to George
town are made quite heavily, and &C.
cording to all reports, coal can be
laid down there at low figure. We
quote nom:nslly 81 40@S4 go for
Clea field, and 81 50@$4 80 for Cum.
bertrand coal.
BosToN -Bituminous trade con-
TIMES very dull, and only few con-
tracts are IN the market. The Bos-
tor Sugar R 6pery has co; trscted for
10000 tons This contract is another
of those which mas been taken at very
low Fl rres which causes the puzzled
ate Of lrals to which Gal rsierrel
in its editorial last week. The CON-
pauy 10 even reticent about saying
who took the contract, and 1t ID not