Cost Reports of the Federal Trade Commission; Coal Volume 3

Cost Reports of the Federal Trade Commission; Coal Volume 3

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... in operation throughout the period. 147659--20 4 Table 23.--"Revised" costs and sales realizations of 10 operators mining about 2,250,000 tons annually in District No. 1, 1916-1918. Costs and sales realizations for this district were not obtainable by months for 1916, but merely the figures for the calendar year. It is believed, however, that the facts brought out in the figures shown by months for Districts Nos. 2, 3, 4, and 6 will apply in general to conditions in District No. 1. The foregoing table and Charts 4 a, b, and c (opposite p. 76) present the information concerning District No. 1. For the year 1916 the labor cost per ton was $1.48, the total f. o. b. mine cost $1.84, the sales realization $1.87, and the margin 3 cents per ton. From 1917 on, the Commission has figures compiled directly from the monthly cost reports. The first quarter of 1917 showed the effect of the increased demand for coal on the "spot" market, in a margin (20 cents per ton) much higher than the average for 1916 The drop in sales realizations for March was probably due to the shipping out of coal to complete delivery on low-priced contracts. On March 31, 1917, most of the yearly contracts which had been effective since April, 1916, expired. As a result, much of the output sold before under contract became available for sale on contract, or otherwise, at the current "spot" market prices. The sales realizations rose rapidly during the next five months, reaching their highest point of $2.62 in July and August. The margin rose to a maximum of 42 cents per ton, and averaged 35 cents per ton for the period April-August, 1917. The labor cost was much higher during April-August, 1917, than during the preceding period (January-March, 1917) for...show more

Product details

  • Paperback | 26 pages
  • 189 x 246 x 1mm | 68g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 123661870X
  • 9781236618702