OCR Text |
Show -- . THE COAL BARONS. Are Forming the Most Gigantic Combine or its Kind in History. N'kw York, Feb. 9. The rumor of a gi. gaatlc deal between the coal producing companies com-panies continue a current and regular traders on the etoek exchange are nil believers in the report that an agreement has bceu made by the companies with an immense syndicate, which agrees to handle the entire output out-put and pay the owners of all coal lands -J5 cents a ton royalty on all the coal taken by them, provision! being made that the syndl cate shall have exclusive rightsand that thc royalties shall umounl iu the aggregate to $10,t0u,ou0 per year. There is no doubt thatth.sor some other deal will be arranged, ar-ranged, mid it is certain too, that parties on the inside have been buying the stocks of all the coal companies for some time and are now In a position lo direct thc olilcers of thu various tympanies lo act in accordance with their plan, it is understood that the syndicate reported to have bceu formed will establish a Joint afuey I or the sale of coal at nli the large distributing points aud that the present sules agent system will be abolished, lradiug in cOsV slocks in the stock exchange continued euarnious. In Lackawanna tc price advanced 5' per cent and 1 !4 per cent was paid for the iibc of the pjck tor the day in tuo losn crowd. Trading Trad-ing in Heading was larger than everthing else on the list, combined In the lirgt hour, aud the price advanced 8 per cent. While ihc heavy buying was Iu progress it was re pi ii ted i at a lurgu bear trader had been cornet cor-net cd. |