BRITISH COAL CRISIS.
i EXPORT PRICES TUMBLE. CONSEQUENCES OF STRIKE. Australian and NZ. Cable Association. (Reed. 12.30 a.m.) LONDON, Jan. 18. A crisis has arisen in the coal industry • owing to the fall of export prices, which have tumbled from 87s a ton in September to 55s and 60s a ton in January. The 3 coalowners sav thit there is now a defi- > ciency of £2 000 000 a week and that the - pool of £18,000,000 is expected to be exj hausted early in March. It will then be necessary to increase the prices of coal for home consumption. The collapse of 1 prices is due to large American shipment* to the Continent during the recent strike, Americans are now releasing stocks at almost any price, i Several thousand workmen of the big steelworks at Dowlais, in Wales, have received four weeks' notice of dismissal j owing to lack of orders. M
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Bibliographic details
New Zealand Herald, Volume LIVIII, Issue 17684, 20 January 1921, Page 7
Word Count
152
BRITISH COAL CRISIS.
New Zealand Herald, Volume LIVIII, Issue 17684, 20 January 1921, Page 7
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