St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-31
COAL BAR0NS AGREE
MEETING OF ANTHRACITE PRESI-
DENTS ACCOMPLIsHEs ITS
OBJECT.
TONNAGE WILL BE DIVIDED,
AND A FIXED PERCENTAGE IS AL
LOWED EACH OF Compel
ING RAILWAYS.
TONNAGE WILL BE DIVIDED,
"A RAISE IN PRICE COMES NEXT.
Minnesota's Banana Belt Weather
Will Take Off the Edge
Here.

NEW YORK, Jan. 30.-The allah
sorbing topic of interest in Wall street
today was the adjourned meeting Of
the presidents of the eleven great an
thracite mining and carrying COM
panies. 1t had leaked out that the
special committee appointed a week
ago to revise the figures Of production
of the respective companies during 1895,
would present a unanimous report 1t
was recognized that this fact would
simplify the work in hand, provided
the presidents We're sincere in their
wishes for a readjustment. AT the
same time, the report of the commit
tee was known to be merely of an ad-
visory character. The session today
was begun with full attendance.
The committee presented it's report and
a good deal Of squirming was done by
officials of lines unfavorably affected
by the figures presented and ccnsid-
cradle controversy arose over the ques-
ton of the adoption of the report. The
meeting adjourned for lunch without
special headwa! having been made.
Previously the important debate was
On the motion that the committees
percentage figures should be accepted
for fourteen months. dating from Feb
l. A vote in the negative was taken
and new motion was made providing
for the acceptance of the percenta ges
from Feb. 1 to July 1. This point was
taken up In the afternoon session. No
positive news from the conference was
received during business hours. The
meeting adjourned tonight. and 1t was
then announced that an agreement had
been reached regarding the division Of
tonnage between the respective COM
panies. This compact was not signed,
but adopted by votes. 1t goes into
effect from Feb. 1, 1895, until Jan. l,
1897. After the expiration Of this
period the agreement will continue
operative subject to the right of any
interest on thirty days notice to chal-
lenge a revision. A standing commit
tee was appointed Of five members,
charged with the adjustment Of any
dlfhculties that may arise during the
pendancy Of the agreement.
The new percentages, as compared
with the actual shipments of 1894 fol-
low: Reading, 20.5O per cent, increase
.O4S per cent; Lehigh Valley, 1852, in
crease .013; New Jersey Central iii.
decrease .01; Lackawanna, 14.49. de-
crease LA; Delaware & Hudson. 965. de-
crease .05; Pennsylvania railroad. 11.42.
decrease .O2; Pennsylvania Coal, Az,
decrease .O12; Erie, 4.O3, decrease .O3;
Ontario & Western, 3.31, decrease .021;
Delaware, Susquehanna & Schuylkill.
S.94, decrease .944; Susquehanna &
Western, 3.20, increase 1.H.
The Importance of this agreement be-
tween the interests controlling the
great anthracite industry to the public
at large can hardly be overestimated.
The sales agents Of the respective
companies will meet tomorrow to dis
cuss the questions of production and
prices for February. 1t is expected that
advances of from 10 to 25 cents per ton
will be ordered from actual ruling
figures. This will put stove coal to the
basis of $3.50, other sizes in proper
ZION, as against the last official cir
cular price Of $4.15 per ton.