Jasper County Democrat, Volume 20, Number 43, Rensselaer, Jasper County, 25 August 1917 — WILSON CUTS HARD COAL PRICE [ARTICLE]

WILSON CUTS HARD COAL PRICE

Harry A. Garfield Has Been Named as Administrator. JOBBER’S PROFIT IS LOWERED Executive’s New Proclamation on Fuel Expected to Knock Off $1 a Ton in Cost to Consumer. Washington, Aug. 24.—Prices of anthracite coni were fixed in a statement issued by President Wilson and Harry A. Garfield, president of Williams college, was named coal administrator. The anthracite prices, effective September 1, range from $4 to $5 per ton (2,240 pounds) f. o. b. mines. Jobbers are allowed to add a profit of not more than 20 cents per ton for deliveries east of Buffalo and of not more than 80 cents west of Buffalo. The jobbers’ profit on bituminous is limited to 15 cents per ton of 2,000 pounds, wherever delivered. Effective on September 1. The anthracite coal price scale becomes effective on September 1. Tha bituminous scale, announced on Tuesday, goes into effect at once, according to a telegram sent by Joseph Tumulty, secretary to the president, to E. J. Wallace of the St. Louis Coal club. < Limitation of jobbers’ profits Is expected to have a greater effect toward reducing the price of anthracite coal to householders than the fixing of the prices at the mines. Announcement Text. The president’s announcement was In part as follows: The following regulations shall apply to the intrastate, interstate and foreign commerce of the United States amWhe prices and margins referred to herein shall be in force pending further investigation or determination thereof by the president. Jobbers' Margins. 1. A coal jobber is defined as a person (or other agency) who purchases and resells coal to coal dealers or to consumers without physical handling of ft on, over or through ids own vehicle, dock, trestle or yard. 2. For the buying and selling of bituminous coal a jobber shall not add to his purchase price a gross margin in excess of 15 cents per ton of 2,000 pounds, nor shall the combined gross margins of any nunjber of Jobbers who buy and sell a given shipment, or shipments, of bituminous coal exceed 15 cents per ton of 2,000 pounds. 3. For buying and selling anthracite coal, a jobber shall not add to his purchase price a gross margin in excess of 20 cents per ton of 2,240 pounds, when delivery of such coal Is to be effected at or east of Buffalo. For buying and selling anthracite coal for delivery west of Buffalo, a jobber shall not add to his purchase price a gross margin In excess of 30 cents per ton of 2,240 pounds. The combined gross margins of any number of job* hers who buy and sell a given shipment, or shipments, of anthracite coal for delivery at or east of Buffalo shall not exceed 20 cents per ton of 2,240 pounds; nor shall such combined margins exceed 30 cents per ton of 2,240 pounds for the delivery of anthracite coal west of Buffalo; provided, that a jobber’s gross margin realized on a given shipment, or shipments, of anthracite coal may he increased by not more than 5 cents per ton of 2,240 pounds, when the jobber Incurs the expense of rescreening at Atlantic or lake ports for transshipment by water.

Anthracite Prices. 4. Effective September 1, 1917, the maximum prices per ton of 2,240 pounds free on board cars at the mines for the grades and sizes of anthracite coal hereinafter specified shall not exceed the prices Indicated in paragraph five. 5. The grades and sizes for which the maximum prices are specified are as follows: White ash anthracite coal of the grade that between January 1, 1915, and January 1, 1917, was uniformly sold and recognized in the coal trade as coal of white ash grade; red ash anthracite coal of the grade that between January 1, 1915, and January 1, 1917, was uniformly sold and recognized in the trade as coal of reck ash grade, and Lykens Valley anthracite coal that is mined exclusively from the: Lykens Valley seams and of the grade that between January 1, 1915.. and January 1, 1917, was uniformly sold and recognized in the coal trade as coal of Lykens Valley, grade: White ash Red ash Likens Valley grade grade. grade. Broken... $4.55 8r0ken...54.75 Broken ...*4.75 Egg 4-45 Egg.. 4.65 Egg ....... 4.90 Stove 4.70 Stove 4.90 Stove 5.30 Ches’t.... 480 Ches’t.... 4.9OChes‘t.. .. 5.30 . Pea.. 4.00 Pea....... 4.10 Pea ....... 4.35