Mining: Hot Coal

The U.S. coal industry—contrary to popular opinion—is not about to burn out. Soft coal's outlook, in fact, has brightened so much that the U.S. Bureau of Mines says production will be up to 671 million tons by 1975 (v. 406 million last year). The big coal-mining companies are turning such solid profits that many sharp-eyed Wall Street investors have pegged them as growth companies and have begun to push their stock prices up.

In large measure. Old King Coal's resurgence is the direct result of a unique phenomenon: the slimming down of a...

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