New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-06-01
A WARNING TO ANTHRACITE

N
HOW RAISING THE PRICE OF HARD COAL IS
LIKELY TO HAVE AN INJURIOUS EFFECT.
Importation Of htuminous coal from the Mari
time Provinces has begun. two steamers from Cape
Breton having already arrived az this port their
cargoes aggregating about 500 tons. While this
is only drop In the bucket Of NewYork 5
needs It is interesting. as showing that under ex-
stng circumstances II Is profitable to import coal,
even with duty OF 75 cents ton. and consumers
are now considering means OF having q constant
shipment from the Cape Breton and Nova Scotia
mines. until either the labor difficulties In the
United States are settled. or different conditions
prevail. The recent action u Nova Scotia dealers
In laying in big stocks at Halifax. IN anticipation
OF a heavy demand from steamships compelled 70
leave American ports with a limited supply. has
provoked considerable comment among steamship
men, and some have expressed the idea that the
lines running 10 Southern and West Indian ports
would find II profitable 10 form a pool and import
tneir supplies direct through contracts With the
American syndicate. The first big line from New
York 10 stop at Halifax for coal Is the Wilson,
whose steamer Francesca was obliged 10 come
back after reaching the Hook for better fuel. after
starting on her trip to HUI. The Francisco was
at Halifax yesterday. laying In a supply OF Cum
oerland COAL which IS similar in characteristics to
the Westmoreland mined in Pennsylvania
The action Of the anthracite coal barons' In
n!niung production and increasing the price OF
The hard fuel In consequence OF the increased de-
mand due TO the troubles in the bituminous fields,
: stirring up much Indignation. and a prominent
oealer remarked on Wednesday that II would take
only little more Of that sort OF work 10 set New
iok interests in Nova Scotia mines In active oper-
eton. This action" said he. has destroyed the
nuslon that the anthracite miners are not con-
seIned In this AFFAIR. They in IT for all they can
e, out Of Il, but in their trying 10 get too much
saey are likely TO see their own market Tor pea
ana buckwheat, which extensively used by
amsanSfacturers, undersold by coal from the mines
~ the Dominion Coal Company, Limited, better
Known as the Whitney Syndicate.
:. This company" continued the dealer rs In a
position 20 throw enormous quantities OF fuel into
tne New England and New-York markets, and is
TOW perfecting arrangements whereby coal can be
landed al New-York and eastward for from 20 70 ~
vents ton less than the coal coming from New
so.t News, even after paying the duty OF 10 cents
q Ton. Manufacturers are hunting for a chance
70 save in cost of production, and while the duty
"a Imported fuel would be only an exceedingly
mail fraction Of cent every yard OF cotton
or other textiles made by its aid when that coal
can pay the duty and still undersell the American
product II Is time for the anthracite men to go
a1w with raising prices. for every ton imported
rin dispace equal weight of American coal ana
me small sizes OF anthracite used by the inlls VIII
oe snected along with the rest and then all hands
They are cutting off their noses by this action