The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1922-06-02
PRICE OF COAL
FIXED BY HOOVER
u. S. Secretary of Com
merce Takes a Hand
to Hold Prices
Down.


biifty for fixing reasonable price on {
spot coal during the continuance OF !
the present coal strike Ii
The announcement was made at I
general conference with the operators.
The Commerce Secretary suggested /
the Immediate appointment OF commit
tees representing each pfeanelhg n 1aSs ias. +
trlet 70 auss,e ,ha,, resnecfive dis
pt,tes -, - a.i,ad maj these com
ri..s, ~ s.a,,i5 non,inna In existence
~, -, - ni,s after the deternli-
-, ~ ~ =, al. n,,,ce cases Of unfair
49, d ~ XII districts and act al his
raauest ne might be necessary to meet
sueh easss ,o,a ~. se,eraI bund-
AT, iiooseI . ~ ~ ,,,o, ~ ~ maa.
Ered opeiatos ~ .on,oranne had been call
"ie I u, ~, ,no reo,,est Of President 7
20 oS nun ~ -. ,,,, ss ~ What means
4 airuihs .lrt - 80. ~ ,atsn ~ rastraiT,
uhisht Pss, .i,aa a,a 20 the strike. I
I run"Mas ~ 80 80 ~, ~ conference was
i ne Np. s't,,, ,,agas NJ other
nor s suhuei w. ~. ~, MIR, .tha onestion |
4 ~ "a ,ihn,inn ri coal now,
y p.'Us aa,,oaa a
4 peils p,',o ploes so,,, .onditions over
i..s ,.tt s.fd stl,nt production
~ 'iie ss.,',,s,,,. ,,,,a r,tliIon tons a week
i was noM - !. ,,,ss,, q o0o 600 and
I. Q tao 0oo Tins necessitattng withdraw
s,oVV,oVV. s'a .as,. a,,n,,,,,,rg n between
ais s ttU,i ~ !, rnn ooa IONS week.
S;yVs'oss ,.,ssi, ,,.i,I Increase slightly az
. rouuuo ~ adaaa
liiiiss soes a.In
Last Soai
:, Mr.. Hoover recalled that the lasl
time there was coal strike coal rose
as high az twelve 10 hfteen doliars
ton al the mine, which ne deciareu
represented millions OF dollars WeeN
{ loss TO the public while AZ the sam
time lending color OF pronteelins ~
/ the operator. TINS color ne .i,.
Fed. was against the VIII ana the VS. WIS.,
of the operators, VINO .cohslueisu :, ~
most disastrous thing that could nap
! pen 10 them, -
. Coal prices thruout the country 70
9 day, Mr. Hoover continued, range rom
y about two dollars ana tWelts Ivy y.
y cents TO three dollars and nity cen,s
> ton at the mine, but what the puoiie
is interested in is dollars ana not cents
altho the margin OF from 10 10 ~ Gems
a ton on coal may pe tiie n,'' iis' = =,
tween profit ana ,oss ~, tne outend
n n, tn,,id ,ndarstand that the prob
= ~, ha,a q almost of stupendous
lnn .aa,t,,, ~
,,;r nr,ce for coal is de-
A. .,non conditions in each district
~, ,srs ,,rot,taerine begins and ends
and where pronsee aaan;,a Fair price
= lris,,, l,,,,on facts and not upor
n. uetelH'i ~ ssore,ary toId the opera
,nrs There is not, Mr. Hoover explain
d,
su, snis haven't nrolteering. an,
tar plieS ,Pt.t,s nnarators agreein,
~ What fair price may be. Com
as 10 VIA - nul,lic interest h
81 plliat,ons 2lls - 49, ,liagaI as combi
et stateu' ate -, .,ha n,,hIfc interest.
ST. hatiohs s,,t he continued woul
ny Lhe s's u.s. ~ .,,arator and Secretar
re pe uetWeen e'le "a a. ~ o,eratbr faile
ed q 1on'i,s NJ. :, - 4 would be upon hi
nd oonscience Mr.. Hoover stated that h
o. eohseien.e ., !. h.areht emnhatically befor
nj Misiea - t.t,,, ~.
ice the my, ,a,.o,,cn ~ the coal oper
IT, seeNihe - ~ ,ha Man failed
-e- M Ma.ois M ~ fa,lnre of the opera
ID. Wouiu ~. ~ :. ,,,,,.a ~, ,.,v-ana admir-
he tors' NY ss,ata,s
in istra'ion
Aeton
Maximum fair prices Tor spot co
. in fve districts We're announced :
night by Secretary hooSer, go
reaching agreements with commune ),
Ing representing those fields under
10 plan adopted at the general conteren
er OF operators from producing helds
me preventing runaway prices on coai
ity. the mines during the strike. =,
the II was determined that IN tne AZ
We bama district the fair price should
25 cents below the final Garheld sea
or a maximum OF s2.2O ton, 10 ~,
a ton.
EY In the hariah i..,,,s any Arnaiachi
Kentucky. the sou.ns,n y a,,.,,orv a
our iieids OF Iennessse ane &c. T,,s riy
ndy the Pocahontas, New River' Tug ris