TOQ MUCH COAL
POSITION IN WALES
SLUMP IN VALUES FEARED
PITS MAY HAVE TO BE CLOSED.
(UNITI» MISS ASSOCIATION.—CMTRISII.)
(AUSTRALIAN - NEW ZEALAKB CAiLE ASSOCIATION.)
(Received August 9, 9 a.m.)
LONDON, Bth August.
The Daily Chronicle's correspondent at Cardiff states that the coal output has outstripped the demand. v A heavy slump in values is feared, also the closure of many pits. Last week steam coal fell to £2 per ton, and a fall to 30s is impending.
Fifty thousand men are already idle as the result of _the coal strike, and it is feared that many thousands will join them, but it is hoped that the reduction in price will enable the Welsh exporters to recover the South American market.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19210809.2.49
Bibliographic details
Evening Post, Volume CII, Issue 34, 9 August 1921, Page 7
Word Count
120TOQ MUCH COAL Evening Post, Volume CII, Issue 34, 9 August 1921, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.