New-York tribune., 1896-02-01
TO RESTRICT PRODUCTION
FIRST RESULT OF THE ANTHRACITE COAL
COMBINATION.

MEETING OF THE SALES AGENTs-oUTPUT THIS
MONTH TO BE ONLY 100000 ToNs-PRIcEs
TO RANGE BETWEEN SO % AND 50 75
The first result Of the new anthracite coal
combination appeared yesterday when the sales
agents Of the companies met in the Offices OF
the PENNSYLVANIA Coai Company. and decided
to restrict production in February TO 2'5oooVo
tons. against an output in February. 1882 Of
S1S3.24G tons. and output in January. lS'o'
OF. approximately, 100000 tons. The sales
agents fixed prices. free on board al Newton
TO take effect to-day. follows
Broken .........s3 % stove ...............s5 90
Egg ..........-... > 81 Chestnut ............ 3 90
These prices are SS cents all around above
the actual prices which have been prevailing
for some time They are however. 90 cents
ton on broken and 40 cents a ton on other Sizes
lower than the prices in the last previous cireu-
lar which was dated on October "A. lS9i
The sales agents decided to restore the circu-
lar prices at Buffalo and Chicago, which had
been cut somewhat, but not badly. These prices
are Buffalo gross tons), s4 10 for broken ana
"a 40 for other sizes. Chicago (net tons), 80 20
for broken and IS so for other sizes Chicago
pr,ces apply to Lake Michigan and Lake Su-
perior ports.
Tho actual average New-York price In 1893, on
The basis Of stove coal. was about 20 lV' lh'
ayera9e I'm 1894. during the latter part Of which
vear there was demoralizatios. was 50 60. and
in the normal year 1898, the average was - To-
There was a loss Of 81 ton on coal In 1889, Ms
compared with 1893. and. as the production III
1895. was &C. 100000 tons, the money difference
was s46,50OOO0. Forty per cent OF the hoe"".e'
nr;ce Is allowed for transportation, 50 that the
loss IN carving was. IN round numbers. SlS'-
GOO 900. while the loss in mining was s2"soV'VVV'
The prces. which the coal companies say are
eouitable. are based upon 81 for stove eight
months in the year.
The agreement adopted by the presidents ana
other executive officers Of the companies Oh
THURSDAY for a division Of the tonnage by per
centages has rot been put in writing as 9e'' III"
following permanent Board OF Arbitration anu
Control has been appointed: j. Rogers MaA"e"'
president Central Railroad Of NeW-JeIsey' l. d.
Thomas. president Erie Railroad. l.. +. Niour'
president Lehigh Valley Railroad; Joseph . Ii~i
1is. president Philadelphia and Reading hali'oao'
and A Walter, president Delaware, Susquehahhd
and Schuylkiu Railroad Coke Brothers d o. ;
,ine) This committee will carry the agreement
into effect and establish system Of reports ana
checks that will exact adherence TO the agree
.1nent by the different lines.
There will be a uniform system or reporting
tonnage Every ton that passes over the scat
will be counted. but not coal soid al 'he ple.n-
.rs for local use Under the old system the com,
,snies included or not, as they pleased. the coa
burned in locomotives. and there were other 1ea l.
ures Of the business in when there was d i"ON
OF uniformity. , , ,
The allotnents Of tonnage 10 the various com
panies were based on the average percentages OF
the companies for the five years eh1ihg WIZ
1895. Below are given the hgures IN ueta, anu anu
also the changes as compared with the heavy
in 1899: