Freeland tribune. (Freeland, Pa.) 1888-1921, 1890-06-05

The anthracite companies general
sales agents met at New York on Tues
day, May 81, and agreed to make an ad-
vance of % cents per ton in the price of
stove and chestnut coal and Is cents for
egg size, which took effect last Monday.
This advance in the circular prices re-
suited in a number of tardy dealers plac-
ing orders for coal at old prices, fearing
they might have to pay the full advance
if they made further delay. Otherwise
there is nothing new in the condition of
the anthracite coal trade to note this week
There is not much activity, excepting in
the movement of coal from the mines to
tidewater and from thence to the distri-
buting ports in the East and West 10
has also been agreed by the producing
interests to mine only 2,750, 900 tons of
anthracite this month, and the represen-
tatives of the several companies have re-
newed their promises to not overship
their respective quotas of the allotted
tonnage. The observance of Decoration
Day throughout the anthracite fields cur
tailed the output of coal last week.
The Enginee9nga and Mining Jomnal, in
its weekly review of the situation of the
anthracite trade at New York, says "a
feeling of stability and confidence reigns
over all. The broken week has made
things a little dull, the lost day having
reduced the amount of shipping some
what. 1t is probable that the increased
rates will have their effect in slackening
transactions for a little while, and the
bulk of the deliveries for the first week
or two i'll June will undoubtedly be at
the old rates, though in the general mar
ket the new rates will prevail. Several
large operators professed themselves un-
able to understand the rise IN rates stimuli
taneously with the increased output. 1t
is explained by the increase in antici-
pated shipments and by the fact that
several of the large companies have con-
slderably reduced their stocks towards
the end of the month, as was anticipated
in this report. During the week ending
May "A the production fell off fully 100,
600 tons, and it has fallen off still more
this week, which adjusts the apparent
discrepancy between the production up
to the 18th or 18th instant and the esti-
mated production for the month. The
increase of 250 900 tons in June over May
may appear large, but when it is remem-
bered that the outpout for June last year
was $3.50, 600 tons it will be seen that
there is nothing to be alarmed about
July. Owing to the demand for ships to
bring ice from Maine, which is likely to
continue all summer, coal shipping is
slow, though the rates have not stiffened
appreciably. Captains frequently refuse
to wait for coal freights when they can
get nearly 80 per cent. more for short
ton for carrying ice. Besides this, ice
freights have advanced and continue adj
vancing, which is expected to have such
an effect ON coal shippers that they will
try and accumulate shipping Stocks SO
that they can avail themselves of empty
ships without keeping them waiting and
letting them slip away. The prices of
anthracite for June will be demanded by
the big companies as follows Stove 1915,
chestnut and egg $3.50, broken $685."
The total amount of anthracite coal
sent to market for the week ending
May 24th as reported by the several
carrying companies, was 637 ,513 tons,
compared with 739, 225 tons in the cores
ponding week last year, decrease of
lO1, ZIP tons. The total amount of an
thracite mined thus far in the year 1890
was | ,236, ll0tons compared with II ,577-,
1873 tons for the same period last year, a
decrease of 34l OPS tons.-Ledqer.