Jasper County Democrat, Volume 12, Number 61, Rensselaer, Jasper County, 13 November 1909 — STEEL TRUST BUYING STOCK OF GOAL TRUST [ARTICLE]

STEEL TRUST BUYING STOCK OF GOAL TRUST

Small Holders Fear They Will Be Squeezed In Deal Pittsburg, Nov. 12.—The >20,000,000 Pittsburg Coal company, or “soft .coal trust," is being absorbed by the United States Steel corporation, according to information supplied by minor stockholders, who think they will be squeezed out in the deal. Great blocks of Pittsburg Coal common have been acquired by both local and New York brokerage firms, who are not quibbling over prices. There is fear that if the steel corporation gets control of this territory It will withdraw ali the product from the market, holding It back as fuel for its own mills. This, if accomplished, would force up the price of coal to the general public.