Weekly Courier, The (Newspaper) - December 27, 1923, Connellsville, Pennsylvania Authority on Coie Trade Wherever Cofee tir Used VOL 46 NO 36 six PAGES Prices and Prospects Market Singularly Devoid of Activity No Stiffening Heavier Requisitions on Con- tracts Sot Buying was the Order PRICES A A Stogie Closes Contracts for Furnace at i To Surprise oi the Trade Another i 1 or High tirade Coke at Special to The Courier PITTSBURG Dec spot coke market has been singularly j void of activity in the past fortnight failing altogether to show the usual stiffening If there was anticipation by of lighter shipments this week the was done by specifying oa contracts rather than by buying in the open market aa has been the usual In spot coke there has been scarcely any demand acd quotable a at 53.75 to to quoted a week ago Whether or not it would require much buying to stiffen the market up to a minimum cannot be estimated and the point seems to be only ot theoretical interest in any event as there arc no prospects ot any material increase in buying In spot foundry coke the market j lias perhaps had its forrier activity but there certainly lias no in- crease in the volume of Re- j ports continue of foundry coke ot- f fored at less than but as j totore such coke does not to be standard the general the market remans where it lias been tor many 55.00 to COKK FREIGHT HATES The freight on coke from district what at known as region tho basin tricO villo district called Klondike and some times tjK district to principal points tor shipment are IB per ton of pounds affective July i Destination Rate Canton 2.77 Detroit 3.65 E SU Louis Jollot Louisville y Ont Richmond Va IB -t Richmond Va tP It South Bethlehem Toledo O Valley Points THURSDAY 2 1923 Review of the Connellsville Coke Statistical Summary Si DECEMBER 15 1023 Out of Any cd Haying Movement by Consumers OVENS REQUISITIONS 2.17 2.9 U 4.75 3.53 4.79 3.53 3.50 2.27 2.27 From Connellsville district F O B O B vessels 3.02 Front Philadelphia F O B tf O B vessels 3.33 Establishment Rates for Coal Sought by Co in Before Public Commission I ovens now making about 90 per cent l of the by-product coke made la the PRESIDENT TALKS ABOUT COAL WITH MINE HEADS Discusses Proposed tlon With Lewis and Murray NO CHANGE IN COKE RATE Ask hat Coal Rate he Reduced So that 1.4 Con he Curried to MnT United States and also of i I several by-product coking companies i made lengthy and diversified I i for the establishment of the principle BO as to promote tho building of by-product coking plants Dec The of coal legislation at the present of and the situation east where coke in the bituminous mines then be us an anthracite operation is now rule were substitute He the with President 1 no day result of heavier requ of contracts aith Ovens at One j of Coke days ago by John L Lewis wuich Ton Would Beehive Coking mil i ably sold up for quarter on foundry iron in aad nor o be backlog of business market is quotable as In heating the remand has i i to Thu Courier Dec com- plaint of Coke Com- pany recently tiled before the Public Service of Pennsylvania will come up Cor consideration early which stated had aod Philip Murray lost money and suggested jdant of tlic Coiled Mine Workers that further of America Lewis and Mr Murray plants in Mie east was blocked by the accompanied 10 the White House rate situation bj Davis ami Ellis in year It cipus not seem j that llp the by-product that the people of would he a pood thing j existing rates on coal and coke j editor of Journal are natural and logical in Both Mr Lewis ami Secretary selves ami are not on declined to the ofj or demerits hut on the around Ithe President themselves j the assertion chat thr call case of the rather better running i larger bcr of making full six days j than during the week before It also in the increase in the number of active merchant ovens i -32 been brought into running which increases the merchant quota to This is however but Ou Contracts Helped Year equip Under Different 53.5 per cent running in Conditions of 1922 responding week a year ago Hopeful but not On drop from active ovens or tVi per cent on August 3 shows V that the merchant operators are increase of in the ng tho of ot coke during the week ll per from thc preceding was me o not due as bus been usual m earlier calculation this represents part year la the trade to entered pre- j cost cf the fall slump to the was it all the operators of this group The other lions on iml much nioro part is lhal had loss in dollars and cents resulting at prices lie costs of tion Tho regional tonnage again fell below that of the in 1322 as has curred during each of the past eight weeks Thc difference which last week was tons is a very measure of the difference in conditions durinc the respective shows the entire absence frorii the closing weeks of stren of active ami T sirons Theao featured and forecast after Jh of ibc The present is without hopeful signs but there on the of coke to put in hopes o- Duly for coke an much more former are not much in That several of thc more merchant been some influence in the case of from selling coke muring largely on contract close to tli the The principal reason for increase was the desire of the inter- est to give a fuller week's ment preceding Christmas and as a of providing in advance fur keeping up thc average weekly the observance of Christmas beius certain to this week's hy and more The sharp gain last 90 per of having been i- 1 tons bv ON CORPORATION FOR today the In- tor the public OF STEE THIRD GREATER THAN Special to The Courier trade last week standard coke tor had at 53.75 arc entirely confirmed week Two ov thr e contracts have been closed at this figure one being by eastern poe producer participated in the No other admits a BO below and few admit willingness tr 50 as low as that and if this is case Beems strange sale should be made at as K cents under the there is no evidence today nace coke over the first quarter be bought at less than hence seems to be thc market A first has been made at hut thi involves a j tonnage The high grade of in ups and been unusually ing low phosphorus iron and and pro there la no demand for lcss 15 per coke for that purpose tN does the average rate ThB make part or the The with tae me but with coke commanded a premium over the regular market as it usually does ITte market is now as v Spot that is what thc matter amounts to j In a tabia in the complaint it is set I forth that the rato on 1.4 tons of from the Westmorland district to In Pennsylvania j coke oi Predictions thc on onc Jon of colie Crom In a ta Philadelphia Foundation a lota ot- Thi oppi f call vas no renis i as thc raLe on one ton or from in the case be- coke It would alao be at the expense of the ovens of the however v region thar the Pro If this movement gets under way While and proceeds to Its logical conclusion had run round in it will mean practically the end of drive so that he beehive coking in the Connellsville region in a few years Some of UIB j nie liy larRer operators Stales Coat have already to make a de- in President's him for he thc i a no the hat position lias improving cf w 1 ho Ton n d i n nm r very r Tho of fully tons of ingot various other points Kor duction inore a third j it jg for and in than the average of thc four j by-product coke backwards years the the Great War It hits been a remarkably industry is at stake of the wape in the lu view of actual conditions mines which expires April j 1 next With vailing much of the time in the to the keis for and Con- is coke the matter of Of coal It is that all thia is dis- much concern to community at criminatory against by-product coke to the coke operators It is asked not that the rate on Con- selves As competitive conditions coke be increased but that exist the operators coke there be reduction In the rates on coal really make their profit chiefly on to and in the rates on I the coal much of the time the definite of increasing coke from in order to re- i tion of coking being conducted Contract foundry The district coal duction after January 1 In the past few weeks business forecasts have been increasingly sanguine and until now there ft j is almost a flood of favorable iQ i tions This is in part a natural I psychological reaction from the move the alleged discrimination The complaint is directed against with no profit and sometimes a loss The cost the coking to tJie possible the President on record in his message as ing establishment of a- the President empowered to deal with whatever emergency situation might arise to aid reconciliation and voluntary tration adjust any existing or j threatened controversy between the j employer and the employes when Be expressed in earlier months continues m poor shape there being nopt a and in some part also it is a product the Pennsylvania Railroad Company i operation la wages and supplies IB Monongahela Company j distributed in the region which thus Philadelphia Railway i has a large revenue distributed to controlling as on new und dismissed f oi instructions ur which in warned in law applies tu reports to him before o HI JILT Tho of ui of for has to auditor he he is not with any report lie may based upon to bis to furnish j by a corporation is I tantamount to failure to report and the same penalty may be invoked merchant a gain of 1.500 I but such be lined with Rains of or imprisoned tons respectively during the Alter thc is made the ended December 15 corporation must pay the tax to the The increase of 232 in the number state treasurer within 60 active ovens took place at interest is charged amounting to ant plants tho changes having per cent for this period Another six in Oliver No 1 25 Oliver No 3 79 per cont is adde dafter this period Adah 11 Herbert 150 total 265 Out West Penn 33 making the net gain estimated production of ilio i ilin as an of sum nn of ions nr i nf tons aii ih 2.010 ions the production a Rain of 10.860 and Company and Upper Merion the even If the operator all within the state of j making the distribution no profit sylvania If the Public the coking operation but only the vice of the state should j profit that accrue If the but there is no disposition to stock T- even when prices are so Im tive and it is possible some 1 are drawing upon stocks iously laid ia Domestic coal is much more slowly normal at this date on of very mild It there is danger ot appraisals it is the danger signing too long a present good business One- look more months ahead ia than in other months oE the weather Regular district I nf steam mine-run In the ahead as for instance In March is quotable at to Slack I 5 importance that T Ula ranges from to 51.75 the higher figure being for gas shiek and not easily obtained at that -Some are offering gas lump at lower prices down to 52.25 while ether producers ave firmly ad- hering o old prices up to 52.75 or more The pis Iron continues very and it that prices are vrell trades Foundry remaias very stiff at with 522.00 thc j regular price on orders of any size while some producers re obtaining right along on carloads LO 100 tons Bessemer is regarded as i able 523.00 -as for some time past but there are persistent reports 522.50 could be done in one quarter As to basic the price of ley to tie more than an asking price Whili it is profiteering Mr Lewis his ates are prepared approve such a commission 1s a question but the United Mine Workers since commission settled the of 1919 have strongly arbitration Every corporation stock sociation limited partnership or com- 032 pany whatsoever doing business prevent jn this state is subject to the tax nud a report must be filed whether income has been received during the past year or not if a corporation's fiscal year does market ends thc year with its general price structure intact at the level reached last April There was a breach for a time through the shading in sheets but sheets are now fairly quotable at the old level Six months ago there were j few who expected the year to end 1 with prices as they Support can no longer be said to these bT on all and orders becoming more plentiful All the steel consuming are now promising a good of activity Some present evidence that they may perhaps do better than in the year now closing Com- If the raw coal was shipped I for instead name This and iae Commission essence committed coal would in be- half of The complaint quotes of in Its un- an increase at 44.4 der the caption cent as compared ac that consideration should be j to in Gross Income of Street Railway Lines operating revenues fnr Holiday J C McCormick sales manager for the Coal Coke Company offices In Philadelphia and op- in West Virginia is as such week week has inK the Tiff passed without its be ng properly supported by sales IE one two cases price has shaded to by a while In eases the consumer usually having in the Valleys has secured run at least tlian the merchart in are more or less Mr n Q given by the to the Ued lby he of rates The beehive coke and cite are carried on through rates The coal from to by-product I C C Reverses Decision on Reads To New Coal Mines The Interstate Commerce noL close December 31 it must certify auditor general the date its fiscal year does close that its j porl.s to the federal government arc of that date The of thc auditor j pertain to tha of thc cor- I Feb tangible property amount of expenditures in wuges salaries elc assignable of gross re- j assignable of Mar outside the state to payment of tax situation of The Herbert plant came inio running after an protracted idleness i West Penn closed down after a run Production by the two interests and the total compared with the week in 1922 is shown with sion has reversed a previous j tv and of wapes out- If llO i in which It had principle that down the broad further meat an construction should be open new coal mines In its original finding handed down last spring the refused the Virginian Railway authority io extend its branch fi of slightly more thar a in order ro mines oi the j increase Fuel Company Ths and Mar Apr Total Total 11123 81.130 226.360 88.911 86.550 90.350 151.800 255.750 266.360 261.070 102.34 125.960 163.110 285.180 124.020 165.480 290.210 134.411 31 125.470 297.350 149.960 176.340 305.210 134.420 386.520 88.810 304.870 -121.870 184.330 306.200 297.720 13 182.340 112.320 2 293.330 57.430 48.470 ovens and coke from these ovens to consumers carried on two rates the one on coke a high local rate which combined are much of per ant net income declared that present 598.503 a gain of 10.3 per cent j public convenience ant w The compilation shows a slight the new construction crease in track mileage in the authorized the railroad period and increase of 9.7 higher than a through rate be the number of passengers had many A rate would be a The wero 7 companies op- competitive through rate bv which 1 Bating of single track n rg n an coal would be carried from mines carried in i ovens and after conversion into coke passengers as agains transported beyond to the consumer j in 11117 tn 1912 the companies Such rates will advance the 8.626 cars employed 30.570 in To The contract is Boon to he awarded for an additional Mast furnace at the Harpor plant the duct coking and the servation of natural Approximately This matter has hours of were generated as a mailer of fact come before by lap companies in the Interstate Commerce addition they purchased m December 4 in tho com- kilowatt hours T-n year inquiry on coal railway Uy the coal commission H light and B president of was which has built j roads noi tu hauling The decision Virginia in particular to srr ice Lino H i HUT Tie Plate It Ohio
