t January 3, 1913. THE COLLIERY GUARDIAN. 29 it will be unwise to organise meetings for advocating the nationalisation of the mines until the proposed Bill is introduced in the House of Commons. On Saturday the Northumberland miners authorised their leaders, by 16,000 votes to 13,950, to embark upon a campaign in favour of abolishing the three-shift system. On February 28 the men will be balloted on the strike issue, notices being handed in so as to permit a strike at the end of March. It has also been decided that the demand for inclusion of surface workers under the Minimum Wage and Eight Hours Acts shall be coupled with this agitation. A meeting of the Scottish Coal Trade Concilia- tion Board was held last week in Glasgow, for the purpose of considering a new wages agree- ment and the appointment of a neutral chairman. No agreement was arrived at. A national conference of miners, convened by the Miners’ Federation of Great Britain, was held at the Westminster Palace Hotel yesterday to consider the attitude to be adopted at the National Labour Conference in regard to the Trade Unions Bill as it left the Standing Com- mittee of the House of Commons. Mr. Robert Smillie, the president was in the chair. The following resolution was agreed to :—“ That no measure or Bill can be accepted as satisfactory that does not completely reverse the Osborne decision, but we accept the present Bill for the time being subject to any further improvements or amendments that can be obtained during the further progress of the measure.” the end of the year, that trade movements generally and the variations in price, although at times considerable, have been more easily attributable to their real causes and have not given rise to the same agitation and perplexity. The Strike. Perhaps the best reason for this more restful mood is to be found in the fact that a general stoppage of the mines was, as regards its immediate results, discovered to be more supportable than had been anticipated. We think it is correct to say that the strike lasted twice as long as it was deemed, in the opinion of those best|able to judge, possible for it to last, without a complete breakdown of the social and business life of the country. We know now that this fabric never did break down; and the rapid recovery of the national vigour, under the stimulus of healthy surroundings, was no less remarkable than the extraordinary powers of endurance developed during the strike. We should indeed be lacking in wisdom if we failed to profit from the lesson: to appreciate the advantages of producing all that is needed by the community in the way of light, heat and power, so as to give the maximum of economy and adaptability and, at the same time, to increase the capacity of our reservoirs of energy. But if the community has been found to possess powers of resistance that are bound to impress the masses before they again run tilt against its interests, there should also be a strong determination to *be prepared for fresh assaults equipped with new gins and engines, and to render their occurrence more remote ; for it would be folly to believe that the peace of the moment, in an era of high prices and high wages, is never again to be disturbed. The Cost of the Strike. Furthermore, the miners’ strike connotes a distinct national loss and a depletion of reserves, for a country in a state of idleness must live largely on its capital. On the whole, however, the direct loss has, we think, been over-estimated; even now it is impossible to form anything like an accurate assessment of it, for the prosperity of the concluding half of the year renders a comparison with former years somewhat illusory. It was fortunate, indeed, that the strike failed to reverse the current of trade, that the continuity of business was never really broken, and orders were in waiting as soon as the works and factories were able to resume work. Had this not been the case we should not now be enjoying the conditions which seemed to be predestined more than a year ago. The Export Trade. It was in the export branch that the first and most telling effects of the strike were experienced, and it provided an immediate opportunity for our foreign competitors to raid our markets. The testimony is to be found in the tale of lost contracts recorded in the annual reports of our trade correspondents appearing in this issue, but the damage to the export trade has not been so great as was in many quarters anticipated. We were almost alone in believing that the export figures for the complete year would be but little if at all behind those of 1911, and this has proved a true prophecy. The complete returns for the year are not yet available, and they will be discussed in a later issue, but it may be observed that, notwithstanding the great falling away during March and April, the total exports of fuel for the 11 months were less than 166,000 tons behind those for the corresponding period of 1911, and nearly 2 million tons in excess of the quantity shipped during the first 11 months of 1910; whilst there has been an increase in value of over 3 J millions sterling. THE COAL TRADE IN 1912. To have to discuss with due proportion the events of 1912 within the limits of a short article and to leave nothing unsaid that should be said would be an appalling task. The early months of that year must occupy a long chapter in the history of British industry, but this is neither the place nor the season to give a true and particular account of the events of that period. At present the trade of the world, and with it the coal trade, is riding upon a wave of prosperity which in itself obscures for the time being many of the troubled questions that, we are assured, will again become prominent when less ecstatic conditions return ; and it is fruitless and ungenerous to hark back to these evils when the immediate prospect is so promising. Never- theless, it would be equally foolish to ignore the existence of these troubles beneath the surface— to opine that such cataclysmic upheavals as a general strike of miners and the legislative burdens that have been heaped upon us with so lavish a hand during the past 12 months are as the swords of Liliputs to the Gulliver of industry, and will not bring wrack and ruin to many when the horizon darkens. It is, indeed, one of the gravest signs of the times that many business men no longer have the courage to strike an average in their affairs and provide for the future, but rather lull themselves to the sense of present benefits. On the other hand, evils undoubtedly are more terrific in the anticipation than in the realisation. Thus if 1912 be compared with its forerunner, 1911, it will be found that, although last year’s events dwarf to insignificance those of 1911, yet the agitation in all branches of commerce was much more acute in 1911; without apparent cause abnormal situations arose persistently to confound the judgments of buyers and sellers, the capriciousness of the weather being only one of many agencies. In 1912, although the disloca- tions of trade have been infinitely greater and more serious, it must be said, looking back from The cause is to be found in the industrial activity now prevailing throughout the world, and more directly in the vigorous demand for shipping, as indicated by the consistent rise in freights. This again has found a reflection in the animation of the engineering and shipbuilding trades. The Home Markets. The most satisfactory feature of the year’s trading, however, has been the heavy consump- tion of manufacturing fuel and coke. Not only does this bespeak prosperity in the very direc- tions in which we should most desire it, but the high prices obtained for small coal in the normal way of business, have been of infinitely more value to collieries than the famine prices obtained for spot lots of rubbish during the strike. The mild weather prevailing during the closing months of the year has operated against any boom in house coal, but here, as in the case of gas and steam coal, the collieries have not found great trouble in securing material advances on new contracts. Working Costs. If colliery companies, however, have no reason to be dissatisfied with the trading results of 1912, the cost of working, which has been steadily rising for several years past and has received during the past twelvemonth a consider- able permanent addition, fills those who look ahead with much apprehension. The rise in miners’ wages on standard rates on the year’s working has, taking the industry as a whole, been not less than 7 J per cent. In other words, to adopt the figures given in the Labour Gazette, in the 11 months ended with November, 927,310 workmen in the coalmining industry have re- ceived advances in wages amounting in the aggregate to a net weekly wage of £75,233, which goes some distance to compensate for the huge total of 31,567,000 working days lost during the 11 months through trade disputes. These figures, of course, do not include the altera- tions in price lists, which generally redound materially to the credit of the workmen. In this category the chief changes are those introduced by the awards under the Minimum Wage Act. As its name implies, however, this Act is principally operative when wages are at the minimum rate; and although it has in some cases increased the labour cost at all points in the scale, its full weight has not been experienced during the past year. On the other hand, the Coal Mines Act, which came into force at Midsummer, has considerably increased the cost of working, and the National Insurance Act has hit colliery enterprise with exceptional severity, owing to the large propor- tion of the selling price allocated to wages. Again, the cost of wagons, stores and materials has been inordinately high, and it is necessary to anticipate a further rise in railway rates, so soon as the sanction of Parliament has been secured for this step. The Future. At present the collieries have been able to transfer to the shoulders of the public a large share, at least, of the increased cost of production. Here fortune has been on their side, for “ c'est le premier pas qui colate ”; and when trade again begins to descend into the trough, the onus will be placed upon the consumer of transferring the burden—a task much more difficult than that of resisting its imposition under similar conditions of trade. The producer of raw material, however, who obstinately grinds down his customers without any regard for the latter’s circumstances not only fails in his duty to the State, but in the end must suffer himself. Thus a permanent rise in the price of fuel is a matter less for jubilation than for grave concern*