Word: soft-coal
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...Trade Commission, last week, published a report recommending measures to increase competition in the production of anthracite, contending that 70% of the production is in the hands of eight operators). In the bituminous fields, there is no monopoly tendency; there are many mines and cut-throat competition. The possible soft-coal production is 25% or more greater than the demand...
...prices and strikes with temporary high prices had brought about overexpansion of the soft-coal industry. As a result, there are many high-cost mines; and, in competition with one another, they lower wages (if they can) in an attempt to keep running. As a result, there are strikes, shortages, temporary inflation of coal prices and more overexpansion. He contended that the only way to stabilize the industry was by maintaining Union wage levels and forcing inefficient mines out of business. At present, 'the soft-coal industry has a wage agreement that does not expire until the spring...
...Union soft-coal operators should repudiate their agreement, there would be a strike. If this came in combination with a strike in the anthracite regions, there would be a coal scarcity, prices would soar and, for a time, all mines could open up and sell at a profit...
...Rubber, American Woolen, American Chicle, Sloss-Sheffield Steel and Somerset Coal. Mr. Flint is now 75 years of age, but his favorite occupation still has such a hold upon him that he is now planning the largest project of his life?a $100,000,000 merger of soft-coal companies in West Virginia, involving about 75,000 acres of undeveloped coal fields, 150 producing mines, and an annual production of over 20,000,000 tons...