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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 05, 1920
Page
4
Coal production in Virginia fell from 162000 tons to 150000 tons last week due to scarce railroad cars and a weaker state car service. The cut drove a 51000 ton drop with two thirds from car shortages, while labor and car availability remained tight into December. Prices for free coal held at 5.50 to 6.10 dollars per ton amid dull spot demand.
Improvement to some extent was observed in the Northern Panhandle of West Virginia with most mines having adequate car supplies. Prices were not as stiff as after cold weather, and weather affected sizes more than others. no mine suspended operations due to lack of orders as full forces worked to meet contracts.
In the New River field a week of scarce demand and idle activity kept production at 30 to 50 percent. Free coal sales were soft while prepared sizes sold better. Open market prices fell from 18.00 to around 7.50 per ton for tidewater delivery, with run of mine around 5.00 to 5.50 and lump 6.50. Tidewater shipments, including Navy and Panama orders, kept mines running to fill contracts despite a slack overall market.
Production in Guyan and Kanawha counties and other high volatility fields fell sharply in the last week of November. Car shortages and mine idleness on Thanksgiving day reduced output across the week, with overall production well under normal levels.
The report notes widespread car shortages and weak demand curb mine production. Across the Kanawha region mines faced limited empty cars, with the Logan field running only half time and overall weekly output dipping below 180000 tons. Interchange congestion and motive power shortages on the Chesapeake and Ohio worsened movement of loads and empties.
In the week ending the 20th, Little Vim to Market reports plants in the Winding Gulf area slowly recovering amid room for improvement. Virginia Railway mines improved car supply while Chesapeake and Ohio fared worse. Spot market buoyancy was low in the Gulf, yet production remained strong as mines filled long-standing contracts.
Greek elections end with the defeat of M. Venizelos, long hailed as the father of the woman suffrage movement in Greece and a key advocate for women's voting rights.
Northern West Virginia mines operated at low capacity during the week with production likely under forty percent of potential. Free coal and lake delivery prices opened at 4.50 to 4.75 per ton, slipping to 4.25 to 4.50 and some sales at 4.00. Box car coal sold 3.50 to 3.75. wagon-mine output dwindled as prices undercut production. Coke shipments held steady around forty percent of Pastern coke levels amid steel situation.
One hundred fifty delegates representing eight million people attended the National Old Age Pension Conference in Newcastle England. Letters from thirty two MPs expressed support for pensions for everybody.
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