Evening Republican, Volume 23, Number 240, Rensselaer, Jasper County, 5 October 1920 — COAL PRICE OF $8 PER TON ESTABLISHED, REPORT [ARTICLE]

COAL PRICE OF $8 PER TON ESTABLISHED, REPORT

Indianapolis, Oct. 4.—The price of Indiana coal delivered to the consumer will be in the neighborhood of $8 a ton, when coal prices are announced by the special fuel and food commission according to indications here today. While no announcement has been made concerning the price, it is believed that the commission will follow closely the margins of profit and cost allowed jobbers and retailers by the federal fuel administration. The federal regulatory body permitted retailers to charge approximately $2.50 a ton for expenses in handing , the coal and profit. The commission has announced that some Indiana coal for emergency purposes can be had at the mine for 44 a ton. Allowing jobbers the necessary margins for handling. the coal and delivering to the retailers and other expenses of bringing the coal to the consumer, it is believed that SB.OO a ton wiH fairly approximate the cost of coal to the public when the commission has completed its price fixing. ' , v Announcement of coal prices by the commission is expected Tuesday or Wednesday. It is understood that Jesse E. Eschbach, chairman of the commission, will call the state regulatory body together and make recommendations for the various prices of Indiana coal. Mr. Eschbach and a corps, of assistants have been gathering information concerning coal prices for some time and a ‘series of public hearings were held last week.