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34 THE COAL TRADE BULLETIN.
Monongahela River Consolidated Coal and Coke Co.'s Statement.
The following is the statement of the Monongahela River Consolidated Coal & Coke Co.
the year ending October 31, 1904, submitted at the recent annual meeting of the conipany:
RESOURCES.
1903.
Cash on hand and in banks $ 314,522.02
Accounts and bills receivable 3,616,104.11
Coal on hand 2.080,943. 52
Supplies on hand 712.940.17
Office furniture 14,284.24
Stocks of other corporations 422,050.00
Huntington & St. L.T.B.Com..charter
Investments $38.705,215.37
Total $45,866,059.43
LIABILITIES.
1903.
Preferred stock
f 9,995.000.00
Common stock
19,995,000.00
Bonds
9,350.000.00
Bonds of subsidiary companies
Certificates of indebtedness 2,060,000 .00
Current debt 2,507,390.88
Undivided profits 1,608,843.55
Undivided profits, div. paid Jan. 1904, 349,825.00
Total $45,866,059.43
1904.
$ 290,417.32
2,950,499.47
1,973,587.79
783,316.61
15,870.05
225,550.00
1,000.00
39,701,831.95
$45,942,075.19
1904.
$10,000,000.00
20,000,000.00
9,255.000.00
900,680.00
1.860,000.00
2,162,785.41
1.763,609.78
$45,942,075.19
NOTE:—The M. R. C C. & C. Co.'s proportion 92 per cent, of the
Corona Coal & Iron Co. are included in the report for 1904.
STATEMENT OF LIQUID ASSETS AMI LIABILITIES.
LIQUID ASSETS.
1903. 1904.
Cash on hand and in banks $ 314,522.02 290,417.32
Accounts and bills receivable 3,616.104.11 2,950,499.47
Coal on hand 2,080,943.52 1,973,587.79
Supplies on hand 712,940.17 783,318.61
Total $6,724,509.82 $5,997,823.19
Current debt 2,507,390.88 2,162,785. 41
Increase.
70.378.44
1.585.81
1,000.00
996,616.58
for
Decrease.
$ 24,104.70
665,604.64
107,355.73
196,500.00
$1,069,580.83 $993,565.07
Increase.
$ 5,000.00
5,000.00
900.6SO.00
154,766.23
$1,065,446.23
Decrease.
$ 95,000 .00
200,000. 00
344,605 ,47
349.825. 00
$989,430. 47
Resources and Liabilities of the
Increase.
70,378.44
$70,378.44
Decrease.
$ 24,104.70
665,604.64
107,355.73
$797,065.07
344,605.47
Excess of assets $4,217,US.94 $3,835,037.73 $452,459.60
STATEMENT OF EARNINGS—Year Ending October 31, 1904.
Profits, after deducting all expenses, bad debts and other losses
Less, Maintenance and repairs on river craft $397,131.02
Depreciation charged off 308,371.58
BOND ACCOUNTS—October 31, 1904.
Bonds outstanding October 31, 1903
Bonds paid and cancelled year ending October 31, 1904
Bonds outstanding October 31, 1904
NOTE:—Cash in sinking fund in possession of Union Trust Company of Pittsburgh,
Trustee, to be applied to payment of bonds
Since the organization of your company:
The fixed investments have increased
The bonded debt has been reduced
$1,727,767.33
706,002.60
$1,021,764.73
Interest paid on bonds $508,550.00
Interest accrued on bonds 46,275.00
Interest accrued on certificates of indebedness
Royalty on coal mined:
31,000.00
Re-investett rn coal lands and other properties $142,324.05
Used to retire bonds 128,749.45 281,173.50 866.998.50
Balance for the year
$154,766.23
Undivided profits, October 31, 1903 $1,958,668.55
Less dividend No. 8 paid January. 1904 349.825.00 1,608,843.55
Undivided profits
^L763T609778
$9,350,000.00
95,000.00
$9,255,000.00
$139,248.05
$581,217.13
745,000.00