The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1886-07-15
Coal Trade.

Shawnee and Hooking Valley al IS
quoted in Chicago, ILL.,, at 1920 per ton.
Carbon Hill and Monday Creek coal
is quoted from $500 to 1925 per ton
at Cleveland, U.
The following is the latest from Chi
cago:
The only feature OF interest in the
Bituminous coal market has been the
Cook County contract which was award
ed last Monday evening to the G. & II.
c. and l Co. for their Bessemer coal.
Price 1910 a. $3.50 delivered. A good
many bids had been presented and sorle
of them naming figures which, in case
the contract would have been gwen to
the bidders, carried an absolute loss on
the face Of them, considering that the
amour: to be furnished, some 10000
tons, will have to be carried for per-
haps year. before payment will bs
had. In other respects the Bituminous
coal trade is without any marked fea-
lures of improvement. The tonnage
increases somewhat, but prices show
'fS signsof gaining firmness. Rumor
..ls 1t, that the Illinois Centrai is about
TO enter the arena as q coal road and
big figures are given g the aggregate
tonnage it intends to throw into this
market from the mines contigd Dus to its
line such as Minonk, Tracy, Springfield.
etc. The distance to haul is or has
been rather an obstacle and .he rate
for hauling will have to be low in order
to compete with other and nearer fields
especially when it is proposed to run
the tonnage up into the hundreds of
thousands. However, this rs yet is
only a rumor and must be taken as such.
When any such effort is put forth to
deluge this market with more Blum
inous coal than it can consume even
now, other roads may try their hand at
the rattle and the tine will perhaps
come when we shall burn sof. coal at
about 81 .25 per ton.
At Clevelanq, o., the de nan1 con-
tinues light for III manufacturing purposes
and comparatively nothing for domes-
tic use. Matters at the mines are quiet,
and shipments by lake are only fairly
active.
The Fosterville, {Maaoning Valley
miners a:e on strike for two weeks
pay day.
Sedalia is n mining town which will
be known hereafter AS Valley City.
1t is ten miles south of Corning On the
h. and g. R'y at the forks of Sunday
Creek, in the center of great coal
field.
The Cleveland retail dealers are now
working under the coal exchange rates
and everything is in good shape.
]. c. Hamilton proposes to erect and
operate new coal chutes at the town of
Dixie. near Shawnee, on the branch of
the e. and 0. Railroad.
The Hooking Valley has had some
experience in this line:
The report comes from Danville, H.,
that a great syndicate, in which Jay
Gould is understood to be large stock
holder. has been organized with. view
of getting control of all the principal
coal mines between that place and East
st. Louis, the object being to regulate
production and fix the price at which
soft coal shall be sold in the market
Many of the large operators, it is said,
have Joined the syndicate, and the
smaller ones will be squeezed out.
Such a combination bodies no good to
the coal consuming public. for it marks
the formation of Il great monopoly to
limit the output Of the mines and adj
vance prices by doing away with leg,t-
innate competition. 1t is to be hoped
the effort will not succeed.