Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
"The question of war-time coal prices offers many angles of
interest. Everywhere prices have increased far above pre-war
levels. Voluntary agreements on the part of producers and
dealers to limit prices and profits have failed without
exception. In all the leading coal-consuming countries of the
world maximum prices had to be fixed sooner or later by
government action. In every case the maximum mine prices are
considerably above the average scale of prices obtaining in the
years immediately prior to the war. In every country where
maximum sales prices at the mines were fixed, liberal
allowances were made for wage increases to mine workers. In
Great Britain present maximum mine prices approximate 6s. 6d.
above the average mine price which obtained during the year
ending June 30, 1914. In the United States special mine prices
have been fixed for each state, and in many cases also for
certain coal fields within a state. The f.o.b. price for
bituminous coal in Pennsylvania was in 1913 $1.11 and in 1918,
$2.60. Anthracite increased to $4.00 ($4.55 for white ash
broken).
"In Germany the total increase in mine prices of the
Rhenish-Westphalian Coal Syndicate from the beginning of the
war to January, 1917, approximated $1.25 per ton.
"While a certain degree of uniformity is noticeable in the rise
in price levels for coal at the mines in the countries where
maximum prices have been fixed, an entirely different picture
presents itself if we compare the maximum retail coal prices
obtaining under government regulations in different sections of
the same country. In most countries the national coal
controller has established a uniform maximum margin of profit
for all retail coal dealers, while local authorities have fixed
maximum retail coal prices for their communities. By reason of
the fact that in establishing maximum retail consumers' prices
allowances had to be made for increased handling expenses,
freight rates, middlemen's profits, war taxes, etc., retail
coal prices at the present time universally show a very heavy
increase over pre-war prices."
FUEL CONSERVATION MEASURES
American Fuel Control had to grapple drastically with a situation of
shortage so dangerous that a catastrophe might have been precipitated at
any moment. Fuel Administrator Garfield issued orders for coal
conservation of a most startling and unusual character. Factories east
of the Mississippi were ordered shut down for five days beginning
January 18, 1918. Monday, furthermore,
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