1306 THE COLLIERY GUARDIAN June 28, 1918. evidence. It is shown why direct methods of attacking the problem have hitherto been less fruitful than might have been expected ;■ but the account which is given of the work which has been done upon the action of solvents on coal is not only remarkable for its completeness, but also highly instructive as regards the authors’ comments upon it. One of the great difficulties connected with this mode of investigation is the ever-present uncertainty whether the substances extracted by solvents were present as such in the coal substance. Nevertheless, the authors consider that evidence has thus been obtained of the presence in bituminous coals of unaltered resins and free hydrocarbons. Coming next to the results which have been obtained by the study of the destructive distillation of coal, the authors complain of the difficulty of co-ordinating the older investigations, because insufficient details are afforded as to the temperature and other condi- tions under which the distillation was carried out. It is a great pity that this is so, for it has led the authors to the necessity of instituting new researches into this question, which are not yet completed. For this reason, a discussion of much of the earlier work on destructive distillation has been postponed to a future occasion, and attention is here concentrated on the more recent investigations, of which there is a notable quantity, Dr. Wheeler having himself contributed no inconsiderable share. Upon the general question of the value of the distillation method in its bearing upon the constitu- tion of coal, we are reminded that, coal being a conglomerate of different substances, there is no clear indication of the source of any of the products of distillation. The authors, however, are hopeful that it may ultimately be possible, by means of solvents or other methods, to separate actual entities from the coal substance in quantity sufficient for the study of their behaviour under distillation. Thus, the authors have obtained a quantity of pure plant cuticle, free from other residue, and suitable for submitting to heat treatment. This mode of attack is a new development, rendered possible by the happy collaboration between the palaeobotanist and chemist which the joint authorship of this memoir affords. It is here that the value of microscopic investigation becomes evident, and to this part of the subject attention is next devoted. There is a highly instructive historical account of the application of the microscope to the study of coal, which, we are glad to see, originated with three English workers in 1833. Since that date, facilities for the identification of plant remains have greatly increased, but have for the most part remained the property of a few specialists in this line of study. It is a branch of research which must for a long time remain largely in the hands of the palseo- botanist, and this conclusion is strengthened by the extremely able and detailed treatment of the subject in this memoir. The authors’ remarks upon the identification of resins in palaeozoic coals will be read with interest. Note may also be taken of their views upon “the fundamental jelly,” upon which they remark that this structureless substance merely forms veins and streaks in a mass consisting either of recognisable plant tissue, or of comminuted vege- table matter which, even if no longer recognisable,, has not necessarily lost its original molecular character. We should have liked to have been able to refer to many other points treated in this monograph. Sections are devoted to the action of reagents upon coal, synthesis of coal, and other matters. Lastly, consideration is given to some of the theories which have been based upon coal researches, and the work concludes with the significant remark that although the subtlety and complexity of the substances existing in coal are beyond present technique to unravel, there is no reason to abandon hope of the final ^solution of the problem. We publish in another column a Coal Mines letter signed “Secretary,” calling Excess attention to the importance to colliery Profits. owners of being assured that assess- ments under the Coal Mines Control Agreement Act are made in strict accordance with the terms of the Finance Act. When this question was under discussion, the Coal Controller made a special point of the desirability of fixing the profits basis in the same way as in the Finance Act, by which he claimed that the computation would be enormously simplified. It is, therefore, of importance that colliery owners should make themselves familiar with the terms of the Finance Act—and particularly as regards the deductions permissible under that Act. Our corre- spondent calls attention especially to the question of adjustments for increased capital, which, it is said, surveyors are either ignoring or treating in a manner which is not strictly in compliance with the Act, which states that where capital has been increased during the accounting period, a deduction must be made from the profits of the accounting period at the statutory percentage per annum on the amount by which the capital has been increased for that part or the whole of the accounting period during which the increased capital has been employed, as the case may be. THE COAL AMD IRON TRADES. Thursday, June 27. Scotland. Western District. COAL. The general situation in the Scotch coal trade is unchanged. Markets are strong all round. Outputs are still below requirements, and, with depleted stoc s, con- sumers have great difficulty in securing sufficient supplies, in order to keep works going at regular speed. In the West of Scotland all sources of demand are as strong as ever. Industrial and household sorts are in constant request, whilst a fair import turnover is reported. The new Board of Trade Order makes a difference equal to 2s. 6d. per ton in the home trade, and retailers are already charging an extra Hd. per cwt for coal sold in the streets. Shipments for the past week amounted to 104,921 tons, against 96,601 tons in the preceding week, and 123,247 tons in the same week last year. IRON. No change of note has occurred in the Scotch iron trade. In pig iron the call for haematite is still paramount—the local demand being apparently insatiable. Ordinary quali- ties are now difficult to secure, particularly foundry sorts Outputs generally show no diminution; but, despite the curtailment of the export trade, home requirements easily account for the production, and business is of a hand-to- mouth character. Approximate values are still as follow:— Monkland and Carnbroe f.a.s. at Glasgow, Nos. 1, 140s., Nos. 3, 135s.; Govan, No. 1, 135s., No. 3, 130s.; Clyde, Summerlee, Calder and Langloan, Nos. 1,150s., Nos. 3,145s.; Glengarnock at Ardrossan, No. 1, 140s., No. 3, 135s ; Eglin- ton at Ardrossan or Troon and Dalmellington at Ayr, Nos. l,.145s., Nos. 3, 135s; Shotts at Leith, No. 1, 150s., No. 3, 145s. per ton. Malleable iron makers are hard pressed for deliveries. General orders are plentiful, but there are few sellers, practically nothing being accepted unless classified as of national importance. Some sectional material for mines and some agricultural supplies have been put through, but ordinary stock sizes are receiving no attention. The export department continues in a lifeless condition. Scotland, Eastern District. COAL. The collieries in the Lothians district have plenty of orders for all classes of fuel. Admiralty requirements are considerable, and local demands are to the fore, whilst ship- ments are also fair and mostly for neutrals. Clearances amounted to 16,667 tons, against 18,054 in the preceding week, and 21,295 tons in the same week last year. Collieries in Fifeshire are more than fully booked up. Local requirements are large, and the export turnover is fully maintained. Shipments were 42,842 tons, against 45,669 in the preceding week, and 19,598 tons in the same week last year. Under the latest Order, the prices quoted are subject to an increase of 5s. per ton for shipment to France and Italy. The aggregate shipments from Scottish ports during the past week amounted to 164,430 tons, compared with 160,324 in the preceding week, and 164,140 tons in the corresponding week of last year. Northumberland, Durham and Cleveland. Newcastle-on-Tyne. COAL. The matter which has caused most concern in the local coal market this week is the Order of the Board of Trade increasing coal prices. The order is, of course, welcomed by colliery owners, who, as Mr. A. F. Pease pointed out in a recent speech, have been losing money on every ton of their output in many instances lately. As is usual with Government orders, however, this Order is not so clearly put as it might be, and is so far unaccompanied locally by any detailed schedule, so it is difficult to arrive definitely at the present standing of prices. The top prices quoted nowadays for neutral requirements remain unaffected as yet by the increases in scheduled figures, although it is probable that if there were any supplies available the prices would be speedily capped by the 2s. 6d. advance. Coke appears to be included in the Order. So far as can be ascertained, f.o.b. prices which by law must now be charged as fixed figures for France, Italy, British protectorates and possessions and coaling stations therein, and as minimum prices for home consumers, Allies, other than France and Italy, and neutrals, are as follow :—Best steams, Blyths, 35s.; Tynes, 34s. 6d.; seconds, Blyths, 30s. 6d. ; Tynes, 32s.; unscreened, 28s. 6d.; smalls, Blyths, 25s.; Tynes, 23s. 6d.; specials, 25s 6d.; smithies, 30s.; gas bests, 30s.; seconds, 28s. 6d.; specials, 31s. 6d.; unscreened bunkers, Durhams, 29s to 30s.; Northumbrians, 29s. to 30s.; coking coals, 29s. to 30s.; households, 33s fid. to 35s ; foundry coke, 47s. 6d.; and blast furnace coke, 47s. 6d. These figures leave out of account the inflated values placed upon supplies for neutrals at present. The above-mentioned con- cession is regarded as insufficient by many owners and managers. The market itself is of a holiday character, although, contrary to the usual practice in Race week, there is to be no close holiday on ’Change. The continued excellence of the demand on Government, Allied and inland accounts is responsible for the absorption of practically the entire output, and so far as transport facilities are con- cerned, the authorities are leaving nothing undone to ensure that collieries shall not need to lose a single hour for want of steamers or of trucks. Neutrals are still faring very scantily as to fuel supplies, and are likely to do so for many weeks to come, for official and home demands are so great that it is difficult, with the depleted man-power at the pits, to keep pace with them Many of the contracts which normally are renewed at this time of the year are still in abeyance, and customers are being supplied with hand-to- mouth quantities. Where contracts have been arranged, they are subject to reductions in deliveries in proportion to the decreased outputs of the collieries and to changes in price in accordance with official decisions. Tenders to supply the Norwegian State Railways with 16,500 tons of local steams for delivery over August-September has been sent in based on 60s. per ton for Blyth large and 45s. for smalls, which is, so far as large is concerned, identical with the quota- tions for the Swedish State Railways requirements - on which no more has been heard—and shows an increase of 5s. per ton for smalls. Sunderland. COAL. The coal market position is still very strong. Supplies are scanty and wholly inadequate to the pressing demand, Note.—Owing to the uncertainty prevailing as to the precise application of the new increase of prices Order, we are postponing our usual lists of prices until next week. which includes heavy official requirements and continued enquiries on the part of neutrals, whose chances of obtaining cargoes are extremely small. Moreover, some of the pits are lying-off for at least one day during the Race holidays, and to that extent the output will be reduced, though in the majority < f cases the collieries will remain at work. Turns are very full,and the efforts of fitters are concentrated upon getting shipments away in fulfilment of orders recently booked. The home trade absorbs a considerable quantity of the output. The coke pressure shows no diminution, neutral buyers freely bidding 50s for any quantity. The schedule of prices has been increased from 24th inst, the maximum to France and Italy is raised 5s., and for neutrals the schedule, which is a minimum, is raised 2s. 6d. per ton. The schedule for the home trade is raised 2s 6d., and this, of course, will raise household coal values. There is no reference from an official source as to coke prices, but makers and merchants are of the opinion that advances are necessary. No licences for shipment to France are now granted for screened coal without a proviso that one-third of smalls must be included. Middlesbrough-on-Tees. COAL. Fuel is very scarce. Official absorption on home and Allied account practically takes up the output and next to nothing is left for merchants who have neutral business on hand. Neutral enquiry continues heavy, and quota- tions for such business are inflated and firm, but what effect the new Order will have on this branch is not yet apparent. The advance in coal for France and Italy, of 5s., which is a maximum, and the rise for neutral trade of 2s. 6d, which is a minimum, makes up the half-crown leeway which has hitherto existed, as previously the Allies prices were 2s. 6d. below the figures for neutrals. The half-crown advance in home coal rates makes household from 23s. to 24s. 6d. at the pithead. Complaint is heard that the 2s. 6d. on home coal is insufficient, and that more is necessary to cover cost of production. Coking coal con- tinues to be well taken up. A good deal of anxiety is felt as to the coke position. Supply is below what is needed, and with home and Allied demands pressing, business on behalf of neutrals is almost impossible. Disappointment is felt that prices have not been raised with the advance in coal, both makers and merchants declaring that the situa- tion justifies higher figures. For home use, average blast- furnace quality is 33s. at the ovens ; and low phosphorus sort 35s. 6d. at the ovens. IRON. A heavy business in Cleveland pig iron has been put through this month, and transactions continue on a sub- stantial scale. So satisfactory have been the deliveries, owing to improved facilities for railway supplies, that a number of supplementary allocations for foundry quality for Scotland have been issued, and distribution has been limited only by the fact that some furnaces have been producing below the average of foundry kind, turning out more forge quality, so that the latter has become quite plentiful, and indeed, both makers and consumers have recently accumulated stocks of forge iron. Some further expansion of export trade in Cleveland pig is noticeable, the tonnage situation continuing to improve. Whilst business with Italy is not large, despatches to that country are reported, and shipments to France are larger and are proceeding regularly. For home consumption, No. 3 Cleveland pig, No. 4 foundry, and No. 4 forge are all quoted 95s.; and for export to France and Italy No. 3 and the lower qualities are 114s. and No. 1 is 119s. Better facilities for home delivery have resulted in heavier dis- tribution of east c ;ast haematite, but disposal of output continues carefully controlled, and as cargo space becomes available parcels are made upfor the Allies. Manufacturers of finished iron and steel are very busily employed, all the works being practically exclusively engaged, directly* or indirectly, on war contracts. Excellent progress is being made with various extension schemes which will consider- ably increase output. Prices all round are strong. Cumberland. Mary port. COAL. The coal trade is busier than ever this week, the demand for fuel is keener and all branches are being taxed to their utmost to satisfy requirements At midsummer the demand usually represents a smaller volume than at any other period of the year, but so far there has been no diminution on any account; the call for fuel for export and home use is firmer, and at the moment there is still an acute shortage for all purposes except landsale. The pits are working regularly, and the output is rather better this week, but the supply is still inadequate to satisfy all consumers to the full. No supplies are available for outside consumers, and the amount that can be spared for shipping is lower than ever. Both coal and coke are now in short supply. Landsale is down to summer level, and business at the depots is quiet. Gas and engine fuels are very firm. The export trade is brisk, and the demand for coal from Ireland is well maintained, but owing to shortage the shipments from Cumberland ports have declined of late. House coal for shipping is quiet, but works and gas coal is in keen request, and Irish customers are taking all the supplies of both Cumberland and east coast coal that are available. The shipments for the week amounted to 3,850 tons, com- pared with 3,930 tons last week and 1,840 tons at the corresponding period of last year. Two good cargoes of pit timber have arrived for the local collieries. Exports also included 2,000 tons of creosote oil from the Maryport benzol works for a Continental port. The coke industry is busy, and more smalls and coking' fuels are being imported, so that the production at some of the ovens is steadily improving again. All the make of local coke is going to the West Cumberland furnaces. On Monday the price of all classes of fuel advanced 2s. 6d. per ton, except foreign bunkers and shipments to France and Italy, in which case the increase is 5s. per ton. Best house coal delivered in the Maryport district is Is. 8d. per cwt., or from 32s. 6d. to 33s. 4d. per ton. IRON. The Cumberland and North Lancashire haematite pig iron trade continues in an exceedingly brisk condition, and there is no abatement in the demand for special and ordi- nary brands of iron. All the plants are engaged at fullest capacity in meeting the increasing requirements, and production all round is now more satisfactory. The demand for iron is keener than it has been since 1915, and the outstanding feature of trade—the great pressure of orders—was quite in excess of the supply. The situation, however, is improving. With foreign and local supplies of iron ore being fairly plentiful, there is every prospect of an early lighting of two new furnaces. The number at