The sun., 1902-10-17
COAL PRICES DOWN ALREADY.
DOMESTIC tNTHRttITE U SIS
AND SIG 4 Ton.


The immediate effect here of the ac-
ceptancc of President Rooscvelt's com
mission by the anthracite operators and
10y President John Mitchell of the United
Mine Workers was big drop in the whole
sale prices OF both hard and soft coal
New York city covers great deal of
territory and notwi hstanding The difficulty
of securing anthracite about 2O.OO0 tons
have been stored ia various yards in the
metropolitan district. Much Of this wac
released Yesterday. The coal carrying
roads which seized all the anthract" in
transit when the strike was declared. are
supposed to have had, including anthraci,"
in cars and coal pockets. about 10000
tons on the day after the strike. Part Of
this was released from time TO time during
the strike for hospitals and schools and
for the Manhattan Railway Company.
1t is estimated that the companies have
now from 80 600 I o 50 800 tons Of this reserve
left. The greater part will be released
as soon as mining actually begins.
The general managers of the principal
anthracite railroads have issued orders
to rush all available locomotives TO the
anthracite coal region in order that the
movement of hard coal shall be as prompt
and rapid as possible. A large proportion
of the empty coal cars are already within
cal Of the anthracite mines. BY the early
part of next week il il estimated that
25 900 coal cars will be in readiness To take
on hard coal. and the operators say that
there will be no restriction in the output
of anthracite until the coal market resumes
its normal condition.
The domestic sizes of anthracite were
sold yesterday by the wholesale coal agents
at / Broadway and other places at SIS and
sic a ton. Large orders for delivery within
five days were accepted at 81? a ton.
slump from these prices is expected on
Monday Soft coal was selling yesterday
10y wholesale at from s. 80 to Sc 80 a ton.
A firm Of coal dealers which has many
city contracts gives tho following quota
tions for steam sizes Of anthracite Pea,
$40 to sl2: buckwheat No. I, $3.50 10 s.:
buckwheat No. 2, s. so to Sc, buckwheat No.
3. IS to s575.
The operators and their representatives
said yesterday that coal can lie delivered
in this city the day after mining is started.
and that there will be plenty OF coal here a
fortnight later The dealers. who will
keep up prices az long as possible. insisted
however, that it will be ten days after mining
begins before coal can he brought here. and
that it will be many weeks before coal is
plentiful. Yet they said that coal will be
selling at nearly the normal winter price
before winter begins.
General Manager j. 4. Childs Of the New
York, Ontario and Western Railroad said
to Sun reporter;
-Supposing the men are ordered back
and start in the mines on Monday there
will Be several hundred tons Of coal in
this city on Tuesday or Wednesday and
there will be plenty of coal in this city in
to tidewater and back a. fast as possible.
The operators have not been idle. They
have been getting ready
I'VE have plenty Of cars" a representa-
tive Of the Erie said. "and all that can be
spared will be pressed into Use to take coal
to New York and other points. Four or
five Of our collieries are working with a
small force of men now. We can start
with them first and get the others ready
a. soon as possible, The best mines will
be worked first. Of course. Anything to
rush matters along.
The operators said that the schedule
prices In force before the strike will be
charged to retailers for coal now and they
will insist on the coal being retailed at
normal prices,
A meeting Of the Retail Dealers Coal
Association will be held on Monday to
consider fixing price for anthracite. There
are more than one hundred large dealers
In the association.
On the East Side Yesterday the effect
plainly seen. Coal pedlers who were
selling anthracite at IS and 40 cents a pail
came down In price to 20 and 25 cents and
In some cases to much less