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The Pennsylvania Coal And Iron Trade

The Pennsylvania Coal And Iron Trade image
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The Philadelphia Ledger of yesterday says: "The total of anthracite marketed for the week ending on the 21)th ultimo amounted to 287,913 tous, and for the ooal year 11,72 -1,166 tons, against 12,787,803 tons to corresponding timo last yeur, being a decreaso of 1,0631647 tons." The bituminous tonnage for the week is 79,174 tons, and for the year 2,202,120 tons against 2,058,880 tons the same timo last year, giving a total of all kinds for the week of 366,087 tons, umi for the year of 13,926,290 tons, against 14,846,383 tons to the same time laat year, being a decrease of 920,188 tons. At Port Kichmond, for the week ending 5th instant, the recipts of coal wero 42,000 tons, the shipments 38,000 tons, leaving 59,000 tons "on hand. The coal and coko tonnage of the lennsylvania Kailroad last woek was 72,097 tons, and for the year í,(5Vi 1 5'. Of anthracite and bitumiuous thero wero 1,724,073 tons, and of coko 302,542 tons. This includos the tonnage of both east and west. Vessels during tlie past week havo been plenty and freight charges aro unchanged. We quote $1 25 to Providence, $1.50 to Boston and 95. mts to New York. Coal frcights to tho cast froin this city were never known to be so low at they are now, and there is a loss on every ton of coal shipped at these rates. For eailing vcssels $2.35 per ton to Boston is only fair remuneration. " With the incoming of tho present month of September a revival of the coal trade generally is expected. The prices of coal are up fifteen cents by the operators and twonty-five cents by the retailers. W ages aro also up a trifle, and the miners are already disoussing the aasis question as regards prices for 1875. The supply of coal at the principal centers is being pretty well depleted. The orders coming in are to a fair amotine, 3ut the trade may still be charactorizod as rather dull. " The ooal tredo, it is known, dependa very much on the iron trade, which still rules slack. At Pittsburg, a great iron center, carcful inquiry the leadïng jobbers develops the fact of sufficient stock to last until the first of November. From these sources there will be, therefore, little demand until after that dato. Any demsnd that may be feit must come troin the smaller dealers, who, as a rulo, auy their supplies froni the jobbors. There is little demand for iron at the figures lately fixed by the manufacturera, and in spite of the agreemeut to adhele to the card agreed upon, irom oan now be bought in Chicago at rates considerably underhe card. The iinpression prevaila that they have been brought ibout by the necessities of some dealers who were compelled to raise money at any cost to carry them into what they fondly hoped would be an active fall rade. While the trade in coal for domestic uses is fairly active, it is dull so for as manufacturing consumers are concerned. The Mauoh Chunk Gazette notices a resumption of work at all the collieries in that región, and says while ;here has been very little actual increase n business, the feeling in regard to trade s much better, in confirrnation of which 'act Mr. Parrish, president of the L. and W. B. Coal Company, has received a arge order, which will keep the mines of that company busy for some weeks."


Old News
Michigan Argus