OCR Text |
Show COAL PRICES TO FALL, ASSOCIATION DECLARES j " WASHINGTON Nov 6 Soft coal prices are on the decline, a statement I ; tonight from the national coal asSO-I asSO-I elation said. They have already dropped 25 per cent in several fields j and production is now running at more than 12.000,000 tons a week, it said, adding that the "immediate soft coal wants of the nation" have been met 1 and a surplus for storage against ; winter Is being accumulated. With euro available and a high production pro-duction assured. prices in the market mar-ket will continue to drop." the state-, I ment predicted. "Operators in soft coal fields," the I I statement continued, "where unusu- ally high prices existed have within j the last ten days been setting up fair practice committees, and working in conjunction with Attorney General ! Palmer, have put under way a de-i de-i termlned effort to eradicate abuses I in the handling of coal Coincident ' with this effort prices In these par- tlcular fields have already begun to fall ' The association also gave out a i statement by Its prc.snleiM. Colon. 1 I D. L5. Went, denying "that the bl-I bl-I tumlnous operators had sought to J persuade Secretary Tumulty to In-; In-; flueuce coal priority orders to their advantage." Through offices of the ! association, he said, the operators "kept Mr. Tumults informed as to developments In efforts to overcome : the serious coal shortage, " adding that la all they sought to do and all. that was done." OO |