THE COAL TRADE
COLLAPSE OF EXPORT PRICES
DUE TO BIG AMERICAN SUPPLIES.
(AUSTRALIAN ■ H!W ZEALAND CABLE ASSOCIATION.) LONDON, 18th January.
A crisis has arisen in the coal industry owing to the .fall in export prices, which have tumbled from 87s per ton in September to from 55s to 60s in January. The coal-owners say that there is. now a deficiency of two millions sterling a weak* The pool o£ eighteen millions sterling is expected to be exhausted early in March.. ■ It will then be nscessaiy to increase the prices of coal for home consumption. The collapse of prices is largely due to big American shipments to the Continent during the strike, and. to the fact that Americans are now releasing stocks at almost any price.
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Bibliographic details
Evening Post, Volume CI, Issue 17, 20 January 1921, Page 7
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125THE COAL TRADE Evening Post, Volume CI, Issue 17, 20 January 1921, Page 7
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