Fall in the Price of coal.
--At the monthly sale of coal yesterday, prices declined from fifty cents to two dollars per ton. Speculators have held on to their stocks just as long as they were able, and now they are compelled to dispose of them for what they will bring.
They supposed that long before this a brisk demand would have sprung up for fuel, but the open weather has disappointed them.
The general impression among buyers at the sale yesterday was that coal will certainly not be higher this winter, and may, perhaps, be lower.
Stove coal is now selling at $9.37½ per 2,240 pounds. Retailers are selling the same coal at $11.37½ per 2,000 pounds.--
New York Times.
We hope this fall will transmit its influence to
Richmond, where coal is held and sold at much higher prices.