New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-22
coA1 PRICES At wESrERy POINTS GO Up.
ACTION or THE ANTHRACITE SALES AGENTS.
ErMORS OF \ RATTwAR

ACTION OF TIE ANTHRACITE SALES AGENIS-
nUMoRs OF \ RATT-wAR.
The western sales agents Of the Anthracite coal pro
ducing companies met at TIT Fifth Avenue lio'e ye'
day and decided TO advance the price Of coal ot western
point, % cents n ton. The adVanc" Is l"''H"'" "
protect the individual operators against Tie Ihoe"Sc
IN freight rates the West ordered BY the TRUNK hies
and coal roads few DAYS ago. The two advances WIN
take effect ON May 2 The advance In coal prices west
viii he Of benefit only TO the Independent operators
who have made ugemens for the control OF ther
production by the Reading combination
The meeting was largely attended tho regular local
agents the companies being ~inrorteh hS 'nS
Of the subordinate sales agents from important "esi"
cities There were present repre- 'entaiives OF the W. h.
scott estate. poyd stlckrcy d Co. and J. Langdon &
Co. the largest shippers Of coal over the PennsylVunm
rcd They approved the advance. and this Is believed
10 represent the policy Of the PENNSYLVANIA In the cat-
mcn Of Western shipments. In fact. one Of The news
agencies issued n special dispatch nom fhhdelp'h'
saying: at IA authortatIycly stated hero that the
Icnnsylvana coal people viii not oppose the proposed
advance IN the price OF anthracite which was ordered
bc the Western AnthIuce Association today. Further
morc the Pennsylvania VIII advance it, coal freight
rate Ia Buffalo with the other companies All OF The
men who attended Yesterdays meeting agreed IN Dc
clarng that 1t harmonious. The formal r port OF
tho attitude " the rennsy lvania Interests was ese
cny gratifying IN view u the fear that that company
had determined upon an acgrc~slvely hostile attitude
toward the Reading and It's allies. There Will BE-
meeting here early next week Of the Eastern sales
agents ~ the coal companies. M which further missing
~ prccs f. expected 10 bee agrvei upOn.
The PENNSYLVANIA Gu; IN rates to tdcwncr seemed
20 ave morr effect on the stock market however. than
the nrrrn~e IN the price II coal. and the cn stocks
wcr, r,crvou- and vta all day. Reports started
that tho Dclnwar. IAckawanna and Western and per
haps other roads contemplated reduction I'm coal tolls
10 The basis aGop;0i by the Pennsylvania. samuel
sloan. president Of The lacnwnnna, declared that all
such stories ", rc made ~ whole cloth.
i am not ~ all alarmed AT %" situation. he said.
The Reading mndc rate, and me Pennsylvania met
H. because they didn't want to lOe any ~ their tom
mage Int there IS not going IA be any rate war in con
-oqucncc II 4, not tie policy Of the Pennsylvania 10
- into such l-ht and there g. occasion fpr II, be-
-'ica. | never knew M" prospects for coal 20 be- 20
god M III, season 81 the year they are now. We
an. not ln the combination You call II. but act
10 harmony with H. and can assure you that the best
- tc'nR prevail People do not realize that coal
rates have been as low they have. they wOuld
not talk about making them lower. The Rnn>yl-
wanna made a .p.cnc rate instcnd Of putting II on
percentage basis the Reading dl. bat II The price
~ coal goes mp they will change their rate 10 make Il
rqunl that Of the other rupd, look AZ the drop In
,On stocks o." market the result Of bear
mcut among traders only. sury there Is no reason
for It In The condition Of NC roads,