Price Control for Bituminous Coal - a Problem of Price Differentials

FROM the very inception of the price-control experiment in the bituminous-coal industry, the problem of price differentials was of major importance. In fact, assuming that there will be no legal or Govern- mental obstacles to price control, the successful maintenance of the present or any other method designed to control bituminous-coal prices will depend upon the discovery of some satisfactory way to determine these differentials in price, among: individual mines and groups of mines. Being of organic origin, bituminous coal is a commodity that presents an almost infinite variety of qualities. It is inevitable, therefore, that a work- able price-control system must attempt