COAL - Clpdigital.org

28 THE COAL TRADE BULLETIN.
and strong, while scrap iron is not so strong.
The New York bank statement is the most pro­
trusive feature of the situation. It shows that
another outflow of gold and legal tenders occurred
to the extent of $10,700,000, and while there was
an urgent contraction of loans to the amount of
nearly $14,000,000 it could not avert a reduction of
the reserve to an amount $2,42S,795 less than the
requirement. This is the result of the course
which has been taken of swelling the loans on
the first indication of a favorable turn in the
money movement. Had that account been kept
to the total of three weeks ago there would still
have been a narrow surplus of reserve. But the
eiiort to sustain a speculative interest in the face
of the fall drain has produced this deficiency. It
is not likely to entail serious complications, but
will enforce further contraction ot loans until the
movements of the next sixty days nave swelled the
cash resources of Wall street.
* * *
ALTHOUGH IN THE LAST EIGHT OR NINE YEARS
more than $100,000,000 has been expended in the
reconstruction of the Baltimore & Ohio railroad.
which is now practically a new road, a great deal
of work is still in progress and much is in con­
templation which must be begun and completed
before the plans of the management are fully car­
ried out. Between Chicago and the Alleghanies
the railroad with the lowest possible grade and
minimum curvature will command the flow of the
two currents of traffic—coal and iron from the
regions of Pennsylvania and West Virginia, and
grain, provisions and cattle seeking the eastern
markets. This was the object of Mr. Murray,
now the president of the road, with Mr. Cowen,
in the rehabilitation of the property. The better­
ment work has been carried along on all of the
divisions of the system and it is commendable
that the policy of the executives will continue to
work to meet the system's great possibilities in
traffic.
It is now officially reported that the farmers of
the West have harvested Ihe banner corn crop
of the United States. Times nave been when
corn was so abundant that it was burned for fuel,
but now the price is so good that, though there
may be corn to burn, the farmers can buy cheaper
fuels and turn their corn into beef and pork.
—o—
Traffic on the Maxican Central railroad is at a
standstill through a striKe of firemen, who demand
3 cents a kilometre, helpers, and Alabama coal.
The company is said to be willing to concede all
but the Alabama coal, claiming it is .oo expensive.
If the suspension lasts long enough this may be
an objection to any old coal.
—o—
Weary of their parrot paroxysms 'bout the "coal
trust," Boston journals are discussing black mud
from the bogs as the fuel of the future and have
instituted experiments at the Massachusetts Institute
of Technology "with most satisfactory results."
—o—
This is going to be a banner year in coal and
steel producion and mines and mills don't seem to
lie stopping because some political machines are
being smashed.
—o—
The man who enjoys and desires to continue the
free accommodations of the county jail is the one
for whom government by injunction has no terrors.
—o—
The dealer who arranged for the filling of his
yards in dog days may be forgiven for wearing that
smile that won't come off.
—o—
On the car shortage issue, it s unanimous, Maine
to Manila.
NEW PRICES ON SUNDAY CREEK,
HOCKING AND WEST VIRGINIA COAL.
The Sunday Creek Co., Columbus, O., issued a
new price circular, November 10, subject to change
without notice. The prices per ton of 2,000
pounds f. o. b. cars at mines are as follows, coal
loaded in box cars being 10 cents the ton additional:
SUNDAY CRKF.K HOCKING COAL—Lump, $1.75;
:i i-inch. $1.65; mine-run, $1.50; domestic nut,
$1.25; nut-pea and slack, $1.00; coarse slack, 75c.
WASHED HOCKING COAL—Stove, $2.00; chestnut,
$2.00; No. 2, $1.25; Nos. 3 and 4. 75c.
WEST VIRGINIA COAL—Smithers Creek handpicked
splint lump, $1.85; Smithers Creek gas '-''A •
$1.50; Smithers Creek gas mine-run, $1.25; Smithers
Creek gas coarse slack, 70c; Kanawha splint
lump, $1.75; Kanawha splint %,, $1.50; Kanawha
splint mine-run. $1.25; Kanawha splint nut pea
and slack, 85c; Kanawha splint coarse slack, 65c;
Cedar Grove lump, $1.75; Cedar Grove %,, $1.50;
Cedar Grove mine-run, $1.25; Cedar Grove coarse
slack, 70c.