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Show COAL OPERATOR i ADMITS PRICES ; ARE TOO HIGH But He Blames Miners' Wages and Freight Rates for Cost of Fuel ' :nut COAL SOLD AT MINE FOR $3.13 A TON Colorado Man Tells How Costs Pile Up on Load of Coal J DENVER. Colo., Feb. 10 Coal operator op-erator recognize that the price of coal to the consumer Is too high. Fred Ferrar, general counsel of the Colorado Colora-do Fuel and iron company declared In an address here last nlRht. Miners high waj.es and lncreasli-g freight rates were assigned by Mr Farrar as being tlie principal cause. His add ess 'ns made at a dinner given by trie Colorado-New Mexico coal iterators. The presiding officers of the Colorado senate and house and members of committees to whom blils affecting the coal industry have been referred, were guests. PRH I s i MINE. Mr. Farrnr declared that, as an ex-omple, ex-omple, l: the Colorado Fuel and Iron company mine at Mprley, 197 coal dlg-gers, dlg-gers, working 2rt days last December earned nn average of $275. go. He de-red de-red the total average cost of a ton coal mined by his company was $.1.1 S. 3 on a production of four million mil-lion tons. This coal, Mr. Farrar said, was sold at the mine at an average price of 13.33 a ton. which with other sources of revenue, made the ovesiage profit on thn whole, output 24.1 cents a ton in J920. From Md amount, ho declared income taxes had to be deducted. de-ducted. In Mr. Farrar declared, his company had a deficit of 7.8 cents B ton on a production of 3,000,000 tons of coal. HI i HE DIFFERED E. Senator F f. Dodge of Denvsr, pointing out that ho had imid $12 for a ton of coal in Denver asked Mr. Farrar to explain the differenro between be-tween the price Mr. Farrar estimated It cost to produce a ton of coal and the retail price In Denver. Mr. Farrar explained that it cost more to produce a ton Of lump COal. He outlined tho cost from the mine to tbe consumer based on COaHShlppfd from Canyon City. The price at thf mine cf lump coal was S." ,i ton to which was added $2.83.5 freight, three per cent war tax, twenty cents a ton for unloading, $1.25 for city hau'lage, making the total cost to the retailor $10.16.6. This, Mr. Farrar said, did not take Into consideration consid-eration loss by shrinkage and the over-1 bead expense of the retailers. His company, he said, sold this coal at re-tall re-tall for $11.50 a ton. -no |