Word: coalmen
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...such rages, tricks and cajolements, the cherub-cheeked minister has kept Germany on the path of free enterprise through five years of rising prosperity in an inflation-ridden world. The coalmen's price break threatened other rises from steel to bread; trade unions broke into a chorus of wage demands, topped by the 1,600,000-member Metal Workers Union's cry for a 10% boost...
...miners are still employed; last year's bituminous output of some 395 million tons was a 15-year low. But the picture is brightening. Last week bituminous production was running about 16% above last year's rate, and most coalmen hope for a yearly output of at least 430 million tons, a figure some optimists claim is 20 million tons...
...have moved fastest towards mechanization have found their markets increasing. In the past eight years, the 28 largest producers-most of them exponents of mechanization-have boosted their output 45%, while total industry production slumped 38%. As the U.S. economy grows to meet the needs of expanding population, coalmen expect that the output of completely mechanized, low-cost mines will not only increase, but will be able to compete on nearly equal terms with...
...Coalmen everywhere were finding business harder & harder to hold on to. This was due to: 1) Lewis, whom coalmen call "the best oil salesman in the country"; 2) the greater efficiencies and cleanliness of oil and natural gas; 3) the rise in coal prices and drop in oil prices, which has put oil on a competitive footing with coal. On the East Coast alone switchovers from coal to oil have cut this year's coal sales at least 20% below...
...price Lewis had exacted from the nation's economy was calculable. Coalmen estimated that the additional cost of mining, in which labor runs to more than 60%, would run between $400 million and $1 billion a year...