The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1886-12-02
Millions Interested.
Com lbsEatsOn Formed to Con.
troll the Entire Coal Gut
put.

put.
l. 0f the CCuntry-0f Especial Interes
{ 10 ohicaRs-Ihe Headquarters OF
, the Great Syndicate, the Ohio
: Poof, 1T CoIuHJUs-HH-:;sst-
the Operators Iust and
e dust Not DO.
NEW YORK, Nov. 30.-The Her
S aid this morning prints the fol
= lowing: There is 10 be an ad
vance of from 25 10 30@o in The
: cost Of bltuminous coal. The
price is TO be put at a higher fig
e ure than it has reached IN ovel
7 three years. Two great combin.
D ations have been formed to con-
troll the entire soft coal output ol
, the country. They have rules as
t rigid as cast iron, and they have
sent forth the edict, ''HigheI
prices" and they have not only
l advanced prices but they will say
how much coal shall be mined,
t who shall mine it, what railroad
shall carry it and in what quani-
ties and what the freight charges
are 10 be.
Every railroad and every man.
ufaciurer in. the bounty will be
, affected by this gigantic scheme
meaning as it does, an advance
of 60 cents per ton In the price OF
all the soft coal hereafter 10 be
used in every furnace and engine
in the United States. There are
to be two new pools controlling
the soft coal production, One
the Ohio pool has just been
formed. 1t Will direct absolute
ly the output from The great coal
| fields of Ohio. The syndicate
consists of four coal carrying
railroads which control the tran
sportation from that section: The
Hooking Valley railroad the
Wheeling g. Lake Erie railroad ;
the Toledo and Ohio Central rail
road and the Panhandle division
of the Pennsylvania system
These four companies are named
in the order of their importance
as coal carriers, being in a posit-
ion TO dictate. They called the
big coal operators together last
week and formed combination.
The railroads advanced freight
rates OIL coal about 259S, and said
to the operators:
"4ou must put up your prices
thirty cents per ton at once. La.
ter, by about the 1st of January,
you must advance another thirty
cents. then we will stop and con-
slider whether consumers will
stand 4 further raise. You must
also restrict your mining so as not
to overstock The market. We !
will carry so much coal for you
and no more"
Each of the four companies has
fixed upon the amount OF coal
which it estimates the market
will stand, and operators along
its line have been notified that
they must agree among themsel-
YES as to the relative per cents of
total allotment allowed by the
companies, for so strict have the
railroads been in fixing the allot-
ments and amounts which each
operator can be permitted to
mine that operators must prove
how much coal they can sell by
exhibiting their order books and
their contracts.
The headquarters Of the Ohio
Pool is in Columbus, Chic. All
the details of the programme
have been arranged and the first
advance of thirty cents per ton
has already been made. The
other soft coal p COLI known
as the Buffalo Pool. 1t consists
Of three railroads. which like
those Of Ohio, controls all the
product which comes to Buffalo
for a market: The Rochester
and Pittsburg Railroad, the Buff
falo, New York d Philadelphia
and the Erie Railroad.
They are named in the order OF s
heir Importance as coal carriers. t
They bring the yield from the {
Pennsylvania coal fields
This pool is not so for advanced =
Is the western pool, and the ad /
Yances in freight and the cost OF |
coal have not yet been made I
They may be looked for next =
week. The first advance 10 the ;,
will be thirty cents '
per ton. This will be followed
oy a second advance ofa like o
amount before January, accord
ng to the statement OF one who O
ought TO know. This will be f
made before January 1st. and will v
sfford a pretext for the sixty cent Q
Use in Ono coal. G
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