The daily morning journal and courier., 1902-10-07
PURCHASE OF COAL ABROAD
HEAVY AMERICAN DEMAND FOR
 BRITISH PRODUCT.
100000 Tons Sold on the Newcastle Coal Exchange Yesterday-EEng gItsh People WtiI Suffer as a Consequence-AIread the Price Per Ton for All Grades Has Advanced SI-The Strike tmF France German Com euf.

London, Oct. GA telegram from Newcastle announces that 100000 tons of coal were sold on the Newcastle Coal Exchange this afternoon for America.
 The increased American demand is appreciably enhancing the price of coal to the English consumer. House coal of all grades has advanced $1 since October 1. 2..gat5a . tr "A prominent dealer on the coal ex- change said to representative of the Associated Press to-day: T should not be surprised if retail coal in Lon don reached $10 per ton during the next sew weeks" .-~> A representative of big Swansea anthracite company said: While we are selling every ton of hard coal we can spare for America the increase in price is affecting us adversely in arl- other way. We have spent $5,000 year. | ly during the past ten years to popular ize anthracite for house use in Eng ! land, we have kept up stove stores and agents in London and elsewhere and we were just beginning to make headway and now this big jump in prices threat ems to put back our crusade for several years at least"
 Reports from Cardiff say that twen- 1 ty-five steamers have been secured foi early sailing from South Wales ports for New York and Boston and 1t is said that American purchases during the past week at Cardiff alone totalle6 100, 900 tons, of which S0,000 tons were for New York The purchases al Swansea last week totalled 20,000 tons
 It is estimated that the Welsh sales of coal for America aggregate Oo,0Ot tons since the rush began. Anthracite coal is now quoted at the highest price which 1t has ever reached in this coun try.
 The Frencheaniners strike has not ye affected the Welsh market but If i spreads there will undoubtedly be z further advance in prices.
 Ocean freights are also rising, al though the earlier shipments were talk en at normal rates Some of the steam CTS owned by big concerns, such a Elder-Dempster company, the Leylant line and Johnston line, are loading coa at Cardiff and Liverpool. 1t is not ex pected that sufficient anthracite will b obtained to supply the American de mand.
 Berlin, Oct. 6.-The coal strike in tn United States is attracting more an more attention here. The newspaper print rather full accounts of the con ferences at Washington. The pres takes sides with the miners and cen sures the operators for their unyieldin attitude. The Frankfurter Zeitung, re
 garded as the best financial authorit
 in German, to-day devotes leadin
 editorial to the strike. It alludes to tn
 spirit of the operators as ''lunacy c } fancied greatness" which may yer
 well develop and adds:
 "When the coal combination sees . is able to throw seventy millions ( people into anxiety and need and re main beyond reach it will naturally ge the idea that it holds possession by tf grace of God, like the potentates ( } old Europe
 } This paper also alludes to the prot able effect on the continent of u withdrawal of English coal for tf United States, says it is likely Englan
 will draw from the continent the d.
 ficit caused by the shipments to tf a United States and concludes: 'HenC
 if the strike continues the price of CO will rise on the continent"