New-York tribune., 1902-10-17
COAL PRICES DROP AT ONCE
LARGE ORDERS FOR ANTHRACITE FOR
DELIVERY IN FIVE DAYS AT SD

The raising Of the coal famine and a great re
auction OF prices next week VIII follow the re-
,urn OF the miners 10 work A decrease Of
,-sees began yesterday N anticipation OF the re-
sumption OF activity a. the anthracite mines
There were some sales Of anthracite coal for
delivery before the end OF the week at SO a ton
snd there were some large orders accepted for
seuvery n five days at Sl2 ton. AS soon as II is
Known that the miners who have been on strike
are back al work, large quantities OF coal that
nave been held in reserve win be released and
tbs price OF coal viii fan rapidly
Presidents Of coal roads and other coal oper-
s,o-s said yesterday that Immediately on the
resumption OF work az the mines and as quick
~ as the coal could be delivered ar the shipping
,o-rs coal would be sold 10 the dealers az the
s,bedule price which was declared before the
strike began. The schedule price for anrhra-
.sre OF domestic sizes for October. as fixed
months ago. is 81 65 ton, delivered at the ship
r,,g ports. II the anthracite mines are worked
~ their fullest capacity all next week their out
mt will be more than a million tons for the
ypsek some Of the operators say Counting the
.,-,s needed TO pass the coal through the break
avs and transport II to the city there should be
enough coal 10 relieve the stringency within two
- three weeks. and possibly bring down the
v-sce Of coal 10 what il would have been in No
yenber Il the strike had not occurred
We shall be able 10 get coal TO the city soon
..,sr the miners go back TO work" said Presi-
as,- Olvphant, OF the Delaware and Hudson.
,ss,erday I don't know Yet when the miners
MI 70 back - work but when they do every
rhing that can carry coal viii be pressed into
the service
The president OF another coal road expressed
.hs oDiniOn that the coal stTIngency would be
relieved in about TWO weeks after the mines
we've running fun time. You must remember
10 said. that everybody has been holding up in
rai- tr 1~,r11z-
4rou the mines. All this stored coal VIII he
-slsesed and be brought 70 New-York
penresenr ra-ives OF the operators said that
xhafever coal the coal roads had delivered since
,se strike began had been delivered at the
srhedue rates Dealers could not get all the
cosl thew needed, Of course, and they pat up
tba rrioes as the strIngency increased. As soon
as he dealers can get what coal they need from
the operatOrs at schedule rates the retail prices
s1r cosl viii have 10 come down.
Same operators and dealers said that IL was
m be expected that there would be some delay
IN starting operations at the mines Machinery
snd uen that had been idle for months they
said could not be expected 10 work perfectly
the first day. Il might take several DAYS TO
bring the output of the mines up 10 the aver
age IN a short time, however. the anthracite
mines viii BE- turning out more coal than viii
be needed for daily consumption in this city
and IN other parts Of the country. the necessity
sor holding coal IN storage viii cease and the
Inevitable result Will be the return 10 normal
prices.
Soft coal was stiu quoted at S. a ton retail
yesterday. but that price was not maintained
by the dealers. In some cases orders for soft
price Is expected 10 go stin lower in few
DAYS.