1. COAL MINING AND THE BUSINESS CYCLE.
- Author
-
Crum, William L. and Vanderblue, Homer B.
- Subjects
COAL mining ,BUSINESS cycles ,COAL ,PRICE indexes ,INDUSTRYWIDE conditions ,COAL industry ,ECONOMIC demand ,BUSINESS conditions ,INDUSTRIAL costs ,ECONOMIC indicators ,INDUSTRIAL power supply ,PRICES ,ECONOMICS - Abstract
The article discusses a 1925 study pertaining to the U.S. coal price indexes in relation to industrywide conditions. Increasing activity creates a greater demand for fuel and in accordance causes coal prices to rise. The production of coal generally increases to satisfy the demands of the railroad industry, power plants, and industrial users. Researchers studied coal prices and sales from 1908-1925. They were able to ascertain that because of the wide use of coal by the major industrial sectors in the U.S. coal prices were greatly influenced by fluctuating business conditions. Over an extended period of price fluctuation low-cost mines had considerable advantages over their high-price counterparts.
- Published
- 1925