New-York tribune., 1903-01-23
EMBARGO LOWERS PRICE.
TTDFW4TER RATE SS.
Lehqgh Tolley Temporarily Stops
Carrying Independent Coal.

The Lehigh Valley Railroad Company caused
a panic among the independent operators yester-
day by placing temporary embargo on their
product at the collieries until the congestion at
the Perth Amboy docks of the company is re-
lieved Through the independent coal coming
faster than it could be handled, and the policy
of the independent operators to hold the coal
for high prices. about seventy-five thousand
tons. chiefly independent coal, tied up at
the two piers of the railroad in Perth Amboy.
OF the anthracite the Lehigh Valley Kan
road carries 10 all points 30 per cent is lnue-
pendent coal The embargo which restricts me
number of cars allotted at the mines TO the
independent operators applies 10 all OF the latter
who have coal staLding here, and will probapiY
continue several DAYS.
In the mean time the embargo forced large
quantities of independent coal into the market
yesterday, and a drop in the tidewater price 10
= or less followed. In one or two cases coal
,o1 I'D to the regular standard was sold as low
s. 30 AS the operators whether they can
,ring the coal here or not. cannot afford TO stop
mining. anthracite WAS sold by some of the inde-
pendent operators at the mines yesterday at
- - a ton. to be taken 10 other points. the
embargo only covering the New-York route.
This. if the coal had come here. would have
meant a New-York tidewater price of SO 90
tcn.
a 7ven known dealer said yesterday that the
SO tidewater price was the limit, and that IL
would not he reached again. He believed that
the retail price Of anthracite viii range from
81 % TO Ss 50 ton to-day. At the Perth Am
boy piers about thirteen thousands tons a DAY
can ne handled under favorable conditions.
The committee Of dealers appointed by the
Mayor TO arrange for greater supply OF ooal
f7r the poor has selected the places at which
ION a
'-ave obtained is TO he sold It is expected that
--svo- Low viii give out the list this after
noon.
Speaker Nixon Of the State Assembly has
written to the charitable societies Of the city
that their letter protesting against the proposed
hin 10 authorize the purchase of coal Tor the
poor here has been referred 10 the Committee
on Cities with a request that the SUBJECT De
considered al a public hearing
Jeremiah Pangburn, jr.. secretary OF the Goal
Trade Protective Association said yesterday
that some of his inspectors found an instance
where coal was being delivered from barge
without being weighed and they estimated that
about fifteen hundred or sixteen hundred pounds
was being sold for ton.
The custom Of the miners Of refusing to work
on date set for the funeral of a miner, a mem
her Of his family. any of the outside workers
around the collieries doubtless results in GRIP
ping the production Of the mines more seriously
1han their observances of other holidays TWO
large collieries on the Lehigh Valley Railroad
were closed on Wednesday, one of them all day,
tie other all day with the exception of two
hours by reason Of the refusal of miners TO
work on account of funerals. Had these two
mines been operated full time, the output OF
me collieries on the Lehigh Valley would have
heen fifteen hundred tons greater than the fig
Ires show for the DAY
President Baer of the Philadelphia and Read
ing Railroad was here yesterday He said that
a colIiery in the Reading district which had
been flooded in consequence of the strike had
been pumped dry. and was being worked again.
Another colliery, however, he continued,
was closed yesterday on account OF funeral
srS for The same reason another colliery Will
Doe closed for a day this week In spite of these
dra wbacls the situation to-day is better than
sr has been since the strike