Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-15
IN THE COAL TRADE.
Captain BuntOn Denies That His
Firm Will Pay Three Cents.
ANsSO,OOO STEELPLATE CONTRACT
J. N. Kelly Expelled and L. A. 800 Cen
sured by Trades Council.
MGAw AND PHILLIPS WERE ENDORSED

So far from the river operators preparing
to reopen their mines, as was suggested by
rumor which reached the city yesterday,
owners are overhauling their craft and max
ing everything shipshape for the winter
months, They display no more inclination
to concede the asked-for half cert per bushel
than at any time since the strike.
A gentleman who represents large coal in
terests at Cincinnati said yesterday that the
trade in his district was very quiet. Fourth
pool coal was selling at 5H cents and 80
days, and third and lower pools at cents.
Pittsbnrg coal had to contend against
daily increasing competition with the
Kanawha and Chesapeake and Ohio
article, and go miles west of Cincinnati
the Indiana coal, though inferior in quality.
was able TO beat the Pittsburg product in
the market. The Chesapeake and Ohio
operators we're now engaged in erecting
trestling and building yards in the heart
of the city, and were going to retail their
coal.
KANAWHA HAS THE BULGE.
A contract for the delivery at Chicago of
40, 900 tons of Kanawha coal has lately been
placed at 81 Sc. Pittsburg coal cannot be
put in there at So. The shipments of the
Kanawha and c. & o. regions to these
points were increasing every year by six or
seven million bushels, and there was cor
responding gain in the volume of railroad
shipments. These facts were mentioned in
connection with the present condition OF the
local trade and in support of the often re-
iterated statements of the operators that
they cannot afford to pay more than IN
Oanta for mining and dn buSinpRg
Regarding the proposed purchase of the
largest of the river mines by an Eastern
syndicate, represented by Mr.. W. P. Shinn
and Mr.. Mcconnell, nothing was done yes
terday. The 18th of this month had been
set as the date when an extension oil the
option, on payment of a consideration,
would be required by the syndicate agents,
provided they wished to carry on the nego-
tiations beyond the first of the year. That
they have given no indication of desiring
longer period for consideration would indi-
cate that they have made up their minds to
be either on or of. They still have until
the first Of the year to close the negotiations,
There have been, during thelpast week,
divers rumors that Joseph Walton & Co.
were preparing to aceede to the demand OF
their miners for cents bushel and resume
work in a few days. 1t has been said that
DuSllt VI pE6pdEdIlOu az LuSlE ulluSS III
dicated plainly that work was to be re-
sumed. Similar reports were out, not long
ago, in regard to w. W. O'Neil & Co, and
were vigorously denied bv Captain O'Neil.
Mr.. BUNToN DENIES IT.
A reporter for THE DISPATCH yesterday
called upon Mr.. 1. N. Bunton, member of
the firm of Walton & Co. That gentleman
said: "You can deny these reports for us
in the strongest possible manner. We feel
that we cannot afford to pay 8 cents a
bushel, and will not payit unless everybody
else paws it. We can afford to stay out all
year, if necessary, or II the miners will not
work for 21k cents. The markets will not
Justify the advance rate. Three cents for
digging means the development of the
Kanawha region. We cannot afford to sell
coal at loss. 1t the price OF digging goes
up we must raise our selling price. That
would shut US out of the market. The
Kanawha operators would undersell US, and
we would be forced to shut down. The
educated miners know this
''Tke two or three firms who are paying 3
cents claim that they can sell their coal at q
profitable figure. But that is Just because
nearly all the mines are closed, the market |
is not crowded and the demand brisk"
During the past two days the big opera
tors have been trying to induce the rebel |
lious operators to close their mines, and it |
was announced yesterday along Water street |
that Marshall Mcdonald and S. Hays had |
promised to quit.