Business & Finance: Lump, Egg, Pea

There are 6,315 bituminous coal mines in the U. S. and last year they produced 430,000,000 tons of soft coal. On each of these tons producers lost an average of 11¢. This state of affairs in the $3,500,000,000 coal industry was no 1936 phenomenon; save for a brief respite under NRA it has been the normal condition of coal since 1923. After NRA came the Guffey Coal Act (also found unconstitutional) and finally last spring the Guffey-Vinson Act creating a seven-man National Bituminous Coal Commission. This body, with powers much like those of an...

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