Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1885-06-06

Mr.. G. NJ. Perdew.
JOHN E. J. BUCKLEY.
Eastern VieaUs of the Coat Trade.
New York.-As for the bituminous
market it is almost needless to say
supply and demand have been large
with very low prices for fuel so valua-
BILE for steam purposes-prices rang
ing from $2.75 to$3.25 per ton. Con-
sumers ought to be satlsfied.-Min-
Ing Record.
Bltuminous has come down to a
quiet market with some pretty heavy
tonnages, with the locally known
Goals being sold at all the fractions
between $2.7O to 1926 here with
quality varying with the price there
are but few good Goals that will
bring the highest price. Contracts
here seem to be over, and the only
trade is in transient lots. No road
carrying soft coal is getting over four
mills per ton per mile, and it is this
fact which gives the consumer his
fuel at such low rate. 1t is so in
all the centres, and trade is quoted
as depressed beyond precedent. The
Clearfeld shipments are heavy over
the new line, and the total coal out
put thence is running at the rate of
one hundred thousand tons a month
with the Pennsylvania Cos business
about double that quantity. The
Pocahontas coal is heard from on all
sides, but is barred out of the New
York market by the low price ruling
for other qualities of soft coal.-Coal
Trade Journal.
Vanderbilt coal, it is said, has been
sold at 1866 alongside and small lots
at $3.50, while Clearfield has been
! placed on small orders as low as 81. 80.
Vanderbilt coal supplies the steam
ship City of Rome, which will sail
next week. New business is very
| small and more of a hand-to mouth
character than heretofore. We learn
of no new contracts of Importance.
The Pacific Mail Steamship Company
| is in the market for 10000 tons.
This will probably be closed next
week at prices that will be but a
FAINT echo of the spool" The Penn
sylvania Railroad is grumbling at
not getting its proportion of tide
wator business, but at the same time
it is running around the pool by
delivering all-rail coal to the East.
BY this route, Clearfield coal is selling
at 1925 at North Adams, Mass,
which we quote only as an example.
The Pennsylvania Railroad has lost,
during the past five weeks, over
10000 tons of shipments from the
Clearlield District, as compared with
the corresponding period of last year,
owing to the competition of the GOALS
of the Beech Greek Railroad. This
does not tend to improve the relations
between the Pennsylvania Railroad
and Mr.. Vanderbilt, who is the
moving spirit in the new road. The
effect of this is shown by the difficulty
Of arranging some plan Of advancing
trunk-line rates, and by the recent
delivery of cheap coal to the West
Shore to compete with the New York
Central in its territory. Unsettled as
the conditions are now,it is alarming
to think what they will be when the
South Pennsylvania Railroad is com.
p!eted.
Bosfon.-There Is very little doing
in soft coal. The gauzy nature of the
so-called pool can not be better illus
trated than in the plain, unvarnished
statement that in not solitary case
have the penalties for disobeving the
pool been inflicted. 1t is absurd to
ask any one who follows the coal
trade intelligent'y to believe that over
two million tons could be contracted
for without the discovery Of Il solitary
violation Of the POOLS provision.
The pool is sham so far us many Of
the insiders are concerned, and as
such, Its form is as much adhered to
as ever.-Engineering and Mining
Journal,