June 23, 1917





RECORD   AND   GUIDE





877





COAL   SHORTAGE.





Real Estate Board Asks  Federal Trade

Commission for Information.
' I ■ HE Coal Shortage Committee of thu

•*• Real Estate Board of New York
met this week and gave further consid¬
eration to the shortage and high price
of coal. Those at the meeting included
Carlisle Norwood, chairman of the com¬
mittee: William H. Browning. Frank A.
K. Boland, Stanley M. Isaacs and Thomas
P. Graham, comprising the committee,
and by invitation the following: .Assistant
L'nited States District .Attorney Frank
M. Swacker; Judson T. Wall, and James
T. Hoile of the Manufacturers' and Busi¬
ness Men's .Association; Burton F.
White, of the Hotel Men's .Associa¬
tion, and W. T. Ropes and M. D. Little-
field, of the Building Managers' .Associa¬
tion.

The committee arrived at the conclu¬
sion that the only relief was through the

Federal Trade Commission and Con¬
gress. It gave special attention to the
following paragraphs in the report of the
Federal Trade Commission to the Sen¬
ate under date of May S, 1917.

The fair retail price at any place is the
price at the mouth of the mine, plus freight,
plus reasonable dealer's profit and cost of local
delivery. The May price at the mine of ordin¬
ary white-ash anthracite, allowing for the 40
per cent, discount, is approximately as follows :
fjToss ton         Net ton

(L*.240 1bs,)    (2.000 lbs.)

Egg...................   $4.0.-.               .$:!.fil

Stove.................      4.:i0                 :-!.,84

Chestnut..............     4.40                 :j.93

As to the price of coal to the consumer for the
coming season, this leaves two problems for
further action, either by the Congress of the
United States or by some authority to be desig¬
nated by Congress. First, the elimination of
the element of speculation and the charging of
an exorbitant price or the withholding from use
of this necessity of life, and, second, the im¬
perative need of keeping the coal moving from
the point of its production to its final destina¬
tion and of preventing coal cars from being
held out of use for the purpose of speculative
storage.

.As this statement by the Federal
Trade Commission indicated radical rec¬
ommendations to Congress and possibly
Federal control of the production and
output of anthracite coal, it was decided
to await the forthcoming report of the
Commission to' embody recommenda¬
tions to Congress and if these were of
the sort indicated in the preliminary re¬
port, the Real Estate Board would or¬
ganize a national campaign and take up
the subject with the Governors and may¬
ors of the various States and cities and
would agitate the matter through the
various members of the National Asso¬
ciation of Real Estate Exchanges. The
Federal Trade Commission was advised
of the position taken by the committee.

The committee, at the suggestion of
Judson G. Wall, also decided to join
in asking the Federal Trade Commis¬
sion to make public the following facts
in'relation to the coal industry:

1.     Appraised value for taxable
purposes in Pennsylvania of anthra¬
cite coal land owned or leased by
operating companv.

2.     If leased, the terms, i. e.. royal-
tv in dollars and cents per ton paid
to owner of land.

3.     Estimated interest and amor¬
tization charges per ton on cost of
equipment and plant.

4.     Labor cost underground per
ton, as shown by payroll.

5.     Number of hours worked per
week  by  underground  workers.

6.     Highest average number of
hours per week during the last sev¬
en years.

7.     The amount of anthracite coal
sold direct by the nine principal pro¬
ducing companies for the last five
years to the retail coal dealers in
each borough of Greater New York.

8.     The cost per ton of trans¬
porting coal from mine to New
York seaboard.

9.   Is the supply of available manu¬
al labor sufficient to provide coal
enough to meet the needs of the
public, by working eight hours a
day?

10.   Is it true that miners are
anxious to work longer hours, but
are not permitted?





Borrowers

having desirable property on which loans are
wanted can be accommodated in any amount at
prevailing rates of interest. Submit your loans
and we can take  care of them promptly.

Lawyers Title and Trust Company





160 Broadway, Manhattan
381-383 East 149th Street
367 Fulton Street, Jamaica





188 Montague Street, Brooklyn
44 Court Street, Brooklyn
1354 Broadway, Brooklyn





CONNECTICUT TITLES INSURED

by





The Western Connecticut Title & Mortgage Company

Gurley Building, Stamford, Conn.

NEW YORK OFFICE,   ROOIW   1002,  MUTUAL LIFE  BUILDING
32 LIBERTY STREET, NEW YORK CITY                                                Telephone John 4647





Directory  of Real Estate  Brokers





MANHATTAN





HENRY  C.   B.   STEIN

REAL ESTATE AGENT

BROKER,    APPRAISER

102 First Street

Tel. 1930 Orchard                   Near First Avenue

Entire charge taken of property

28 years' experience

S.   deWALLTEARSS

Auctioneer, Appraiser,  Broker
REAL   ESTATE—LOANS

135  BROADWAY,        Telephone 355  Cortland

GEORGE V. McNALLY
ALFRED J. ROONEY

Real Estate.    Insurance,   Mortgages

7 EAST 42d STREET
Telephone. Murray HUl 8154-8155

JOHN ARMSTRONG

Real  F.state Agent and  Broker

Tel. 211 Harlem    1984 Third Ave.. Cor. 109th St.





BRONX





JOHN J. BOYLAN

Real  Estate Agent,  Broker and  Appraiser

402 WEST Slst  STREET, Tel.  1970 Columbus
277  BROADWAY, Te!.  Worth  182,1





BRYAN L. KENNELLY, in.

Auctioneer, Real Estate and Loan Broker

156 BROADWAY       Business EstabUshed 1847

THOS. F.  Mclaughlin

Real  Estate and Insurance

1238 THIRD AVE., NEAR 72D STREET

LOUIS V. O'DONOHUE

Real Estate

Tcl. 3555 Bryant           25 WEST 42d STREET

Philip A. Payton, Jr., Co.

Real Estate Agents and Brokers

New  York's Pioneer Negro   Real  Estate Agents
M.iin Office: 67 WEST 134th STREET

SCHINDLER  & LIEBLER

Real Estate and Insurance

Tel. 3436 Lenox.   1393 THIRD AVE., at 79lh St.





J. ARTHUR FISCHER

Real Rstate and Mortgages

1423-4 Bryant     090 SIXTH AVE . near 40th St,





A. G. BECHMANN

Real Estate and Insurance

Tel. 3975 Melrose.        1053 SO. BOULEVARD
One block from  Simpson Street Subway Station

KURZ & UREN

INCORPORATED

REAL ESTATE AND MORTGAGE LOANS

370 East 149th Street

East of 3rd Ave.

Title Guarantee & Trust Co. Bldg.

WALTER E.  BROWN,  ^^6*7

Real Estate Broker and Appraiser

3428 THIRD AVENUE, bet. 166th and 167th Sts.

Tel.          TTT  T  T\/r ATvyBurke St. Sub.

,16 Wmsbridge ^ l^l^iMt\l\        Station
Real Estate in All Branches

3221 White Plains Ave., at Burke St. (207th St.)

"^CHARA   BROTHERS

Real Estate and Appraisers

BRONX   PROPERTY
Tel. 615 Fordham   WEBSTER AVE. & 200th St.





OPERATORS





ELIAS A. COHEN

Real   Estate  Operator

306 BROADWAY, Corner Fulton  Street
Telephone, 5005-5006 Cortlandt

FISHER   LEWINE

IRVING I.  LEWINE

Real   Estate Operators

Tel.  980 Cortlandt                   135  BROADWAY





THE    LUSTGARTEN    CO.

68  WILLIAM   STREET
Real   Estate  Operators

Telephone, John 6120

HARRIS   &   MAURICE
MANDELBAUM

Real Estate Operators

Telephone  8155   Cort.              135   BROADWAY





LOWENFELD & PRAGER

Real   Estate  Operators

37 LIBERTY ST.                          Tel. 6130 John





RECORD   AND   GUIDB   IS   IN   ITS   FIFTIETH    YE.\R    OF    CONTINUOUS   PUBLICATION.