New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-28

n,crrn ny AN EXTENSIVE DEALER-PRIcEs
IN INLAND TOWNS BoLsTERED UP AT
THE EXPENSE OF sEABoARD CITIES.
Radical restriction OF the output Of the antnrac.s
coal mines and large advance on the "ho'esa's
tidewater price Of their product were agreed upo"
az a long private conference Of the agents OF the
yreat companies which control the mines, held az
the office of the Pennsylvania Coal Company, NO.
Broadway. yesterday The aggregate ou'pi. VI
the mines during last June was 52U,Vo tons. Inc
agents decided restrict II to 25ooVO tons Ior 10
cember ,only about cne-haIf OF the June output
and to advance prices to the following rates ps'
ton. Broken COAL s. So egg. 60; stove, IS 10; chest-
nut $780, This action was had suolect u '"s
approval OF the presidents Of the companies repre-
sented' at the conference when Is hKeV " oo
given promptly, the restriction anu a1'~
agreed upon are doubtless the result oi lhs".c
lions received from a confe ence held in Phiiade-
,,a ,ast Friday between Presidents George b
Roberts Joseph > Harris Elisha T. Wilbur ana >.
Rogers Maxwell respectively Of the PennsyNah'A
Readlng Lehigh Valley and Central OF Ne"-'erseS
railroad companies The advance In prices Is 20
take effect Immediately upon approval OIL the p'eS
Dents ~
"rhat is more radical action than expected
said one of the oldest and most extensive Oh tne
local coal dealers upon being informed OF H. of
cotrse knew that some action was contemplated.
but I thought 1t would be only Win we" Va
maintaining the market rather than oil MAKING
heavy advance VIII it make an advance In re-
tail rates Necessary? I don't see how II can 90
otherwise The advance egg and stove coai
,croed upon by the mining companies to-day ID
rospectivsly 20 and 81 cents ton. These are inc
two kinds Of coal most used for family purposes
They arc now selling at from 81 20 TO - 'o' ~,
white ash according TO the quantity purchased
for delivery at one time The wholesale prices
are free on board which means that the COM
IL. al
D, cents ton is added for towing the boats TO the
dealers docks where they unoaded by the
dealers themselves. This. you see wouid o',"s
the cost 10 the dealer up to 50 50 to - 30 ton pc
zorro a single pound Of coal was landed on ms uoch:
Add 70 this the cost Of labor in unloading anu
slowing In the yard; IN ioad,hg car' o. niaces ~
business maintaining horses rent and many other
expenses II Is not unreasonable TO ASK; n Sis
prices This refers to the nearby dealers s Wners
The towage is only snort maui pu ~ u,s,sas
de.lers have TO pay much more than 70 cents
ton FOR the towage. which makes Their lot stu
s trouble is that line prices tina, is prices
for coal delivered along the inland rarosa aes
at places which are not ds,iouhs 20 srenethen
these nrices the great mining companies have maze
sharp Sdyr Mace, u as this cy PhadeSa and
baltimore. which are distIibnuns S.n''rhs, s az.
quantities received at udewater for distributor.
are so enormous that they can De nan'ieJ a.
relatively less cost than In Interior cities. wnere
railroads do not concentrate and where comps
titiou Is less | am always IN laHor oA sup-
living consumers at the very lowest price con-
sistent with sound business principles put -
vo,ki he unreasonable TO expect coal dealer. or
any other merchant. to sell goods TO his customers
al a loss. or at cost The wholesale ad'ahes
and the radical restriction. II persisted in as tney
nrobably will be- bound to cause an ADVANCE IN
retail rates. Coal has been Cor some tiine 20 cen.s
q tan loss than n was al the same time last year.
but I'm view OF the action taken by the AGENTS
today it may not be long before 1t climbs PACK
~ its old rates predict an early advance OF .
cents a ton. to be followed by further advance
when the mining companies again advance INC
yhoIasale nrices as they surely will do so soon
as a short supply OF coal will have been brought
about through their radical restriction Oh prouu'-