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PRICE OF COAL.

AN M.P.'S EXPLANATION,

United Prete Association—By El«ctrio Telegraph—Copyright. LONDON, Octobor 14. Mr P. Snoivden, M.P. for Blackburn, declared that the increase m the , price of coal was partly due to tho activity of Mr Asquith in repealing the tax of a shilling a ton on exports. He knew tariff reformers would seize the remark es telling agairet free trade, but let the tiuth be told, even though tariff refoim should prevail.

There is no abatemont of the coal "boom" in South Wales and on the Humber (eaya tho "Daily Mail" of August 29th). A great deal of tonnage is waiting at Cardiff Docks for coal, which comes all too slowly. This is duo to the heavy and increasing foreign demand for the best steam coal, to the fact that most of the collieries are booked up with orders for many weeks shead, end to the high wages of tho colliers, which tend to tempt them to yield to the holiday mood. On the Cardiff Exchange yesterday it was reported that one leading colliery had booked a large order for over cix months of next year at 20s 3d (lees the usual 2\ per cent, discount). All foreign contracts show substantial advances on last year's prices and quantities. If, eaye an expert, the output of the South Wales coal field were double what it ie, the demand would scarcely them be satisfied. Prices for the next twelve months at least are certain to remain high. Yesterday best Cardiff steam coal ruled at 21s 6d to 225, and the best Monmouthshire house varieties at 19s to 20s.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19071016.2.33.7

Bibliographic details

Press, Volume LXIII, Issue 12936, 16 October 1907, Page 7

Word Count
268

PRICE OF COAL. Press, Volume LXIII, Issue 12936, 16 October 1907, Page 7

PRICE OF COAL. Press, Volume LXIII, Issue 12936, 16 October 1907, Page 7