Monday, Sep. 29, 1952
Coal Settlement
Last week, seven hours before 200,000 miners in Northern soft-coal mines were to go on strike, the United Mine Workers' astute old John L. Lewis won agreement on a contract from the Bituminous Coal Operators Association giving his miners 1) a $1.90 wage increase on their basic daily wage rate (now $16.35), 2) a 10-c--a-ton boost in producers' royalty payments (now 30-c- a ton) to the union's welfare treasury. Lewis will probably demand and receive similar concessions from the rest of the soft-coal industry, whose contracts expire Oct. 1.
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