![]() ![]() Fortunately for two reasons which the industry seemed to have overlooked. So it should not be surprising that many coal men enthusiastically supported the proposals of Congressmen Boland and Flannery for a tax on fuel oil. Happy Defeat M i s e r y not only loves but freąuently actively solicits company. The need for such intensification is too pressing to justify delays wliile groggy producers recover from Washington political or recession shocks. That means more meclianization of operations still on a hand-and-mule basis and greater efficiency in mines already mechanized. Success will not be found in maintaining a floor level of prices which will support the inefficient operation but in a continuous drive for lower costs which will enhance the fuel-value purchasing power-of every dollar spent for coal. This should make the course of the coal industry plain. Standards of value may differ as between industries and as between domestic users, but, howsoever the standard may be determined, it is still the greatest fuel value that is the goal Word sharps may draw nice distinctions between value and price but in a practical buying world the two merge. In the last analysis every industrial buyer and every household consumer is seeking just one thing: the greatest fuel value for his dollar. Whether its percentage contribution to the national energy total will diminisli or increase in the coming years rests primarily with the industry itself. Despite the hard buffetings by competitive fuels, coal still remains the chief source of energy. ![]() The real danger, however, is not the effect of today s declining market but that the gloom thus induced may obscure certain fundamental objectives which must be pursued relentlessly if the coal industry is to build for a sound and espanding futurę. Denied both the price protection of tlie Guffey act and the spurt in demand tliat many had anticipated would develop when that protection was withdrawn, a pessimistic view of the immediate futurę has hecome fairly common. ![]() H A L E, E iito r April, 1938 They Still Burn Coal S u s p e n s i o x of all minimum-price schedules coming on tlie top of a market which sliows only languid interest in buying leaves most bituminous operators in an unhappy state of mind. DEYOTED TO THE OPERATING, TECHNICAL AND BUSINESS PROBLEMS OF THE COAL-MINING INDUSTRY S Y D N E Y A. It does not store any personal data.1 COAL AGE Established 1911 M cg raw -H ill Publishing Com pany, Inc. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. ![]()
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