The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-10-01
COAL MEMS PROFITS
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time on accounting forms provided for
any phase of the business.
Provision is made for the compu-
tation of a tentative margin by deal
ers who have gone into the business
since 1918. pending investigation and
action by the fuel administration or
its local agents.
Contracts Not Affected.
The new regulations will not at
feet contracts between consumers and
dealers where the contracts are in good
faith and enforceable at law, but the
dealer under such contracts may only
be required to furnish the minimum
amount of fuel specified. until he has
met the reasonable requirements of
other customers.
Immediate investigation OF retail
coal conditions will be begun by the
fuel administration throughout the
country. acting through the state fuel
administrators and the local commit
tees appointed by them. Remedies for
ali abuses and avoidable hardships dis
covered will be recommended and en-
forced"
Under the general terms of the food
bill, under which the fuel -administra-
ton Is included. any dealer who fails
to comply with the orders of the fuel
administration may be required to give
up his business and surrender his stock
to the government This is effected
through the licensing provisions of the
bill No dealer without a license can
continue in business and the licenses
may be revoked by Or. Garfield's de-
partment for cause.
Under the scheme proposed every re-
duction In prices of Wholesale coal or
In dealers costs will be made to work
to the beneft of the customer.
The administration cites an example
of how prices will be determined In
this manner. bringing in reduced costs
as factor each time. A dealer would
compute his costs as follows:
On hand October I, 100 tons; cost.
$500; average cost per ton. S. Received
October lis, 400 tons: cost. $1,000:
average cost per ton. SIS. Total tons
400. Total cost. $4,000 Total average
cost per ton, s5.25.
The lower cost of the coal later re-
ceived would thus be made to work In
for the total. The same, method would
be applied to succeeding periods.
The reductions made in the anthra-
cite pea coal at the mines are expected
to have a large effect or the consum-
ing public as this grade Is coming more
and more into domestic use.
white ash pea that was 81 per ton
is put nj SS.@ut Icu ASH, Au~ *fiVs iS
reduced to $3.50; and Lykens valley Is
reduced from s4.s5 to s3.75.
The following are the prices set for
the Western. and Southern Goals:
Pierce and King counties, Washing
ton. run OF mine. s3,25; prepared sizes.
$3.50: slack or screenings, 50.
Lafayette. RAY, Clay. Platte and Lynn
counties, Mo. run of mine. s3f5; pre-
pared sizes. 50 80; slack or screenings.
$3.50
Appanoose. Wayne, Boone and Web
ster counties. Iowa. run of mine, s3.15;
prepared sizes. $40; slack or screen
ings. $3.50
Thin vein seams at Hartford. Mid
land. Hackett. Greenwood and DEM
ming Ark. run of mine, s3.os; pre-
pared sizes. $40; slack or screenings.
s24o.
Lefmore and Haskell counties, Okla,
run OF mine. $3.50: prepared sizes,
s43o slack or screenings. s2.25.
Okmulgee and Tulsa counties, Okla,
run of mine. 1910; prepared sizes,
50 90: slack or screenings, 81.
Coal county Okla. run OF mine. SO so:
prepared sizes, $40: slack or greet
inf e., sssz4x, and Lattnsr .d.n,,..
ok,a Iun OF mine. sssn. nrenare6
s;Taa $50 slack or SCREENINGS saas
Rjtun11t hous domestic coa3 mined in
the weinberg. Canyon/ CITY. Rout'
c ~" Gunnison. r.sa
Pitkin, Mohh ssuma. De TIA, Mossross and