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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.