Word: soft-coal
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...slick-paper annual report, bound in a red velvetlike cover, and the statistics in it were nearly as impressive as old John L.'s prose. In the fiscal year that ended June 30, the fund took in $157 million (its best year, largely because of increased soft-coal production), laid out $138 million in $100-a-month pensions, medical benefits, and widows' and orphans' payments to a total of 215,702 beneficiaries. The $15 million left over after administrative costs ($3,900,000) brought the fund's reserve up to a record $145 million...
...SOFT-COAL PRICES will go up about 25? a ton although demand is dropping. Reason: 200,000 miners are getting 80?-a-day raises on April 1. Hike will hit coal-burning utility companies hardest...
...greatest expansion program in history. Electric-plant investment alone will jump from less than $4 billion annually to $11 billion annually by 1970 to keep up with rapidly expanding demand. Railroads will have to spend $20 billion for new equipment and facilities over the next ten years. The soft-coal industry, which is coming out of its postwar doldrums, will plunk down $300 million annually for new mines and equipment in the years to come...
...feels bullish about the future of the soft-coal market, predicts an upswing in exports and domestic industrial demand...
...Soft-coal miners...