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THE COAL TRADE BULLETIN. 35
Coal lands purchased on the Monongahela River
Mined 3742
Sold 229
Decrease
35il acres
3971 acres
460 acres
COAL MINED, PITTSBURGH DISTRICT.
Bushels.
Tons.
Year ending October 31, 1900 143 815 363 5,464,984
31, 1901 15l',29L197 5,749,065
31, 1902 165.146,819 6,275,579
31. 1903 193.221.674 7,342,424
31, 1904 109,435,394 4,158,544)
Ohio Valley Coal & Mining Co., year ending Oct., 1904
86,212)4,666,278
Corona Coal & Iron Co., year ending Oct. 31, 1904
421,522)
A dividend of seventy-seven (77) cents per share, on the preferred stock, payable January 25
is declared.
To THE STOCKHOLDERS OF THE MONONGAHELA RIVER CONSOLIDATED COAL & COKE CO.:
We have passed through a year of trying and unusually severe conditions. Floods and ice
gorges, followed by six months of low water, accidents to niarine transportation, which no care
or precaution can prevent, have been bunched into the past year, making it at times impossible
to operate the mines or to transport the coal when loaded, and have resulted in unusual loss of life
and property. These conditions coming in a year of industrial depression have resulted in cutting
down the company's revenues, and increasing its expenses.
Your property is in better physical condition than ever before. The same conservative bookkeeping
that has existed in the past has been maintained, and the financial condition of the company
is sound and healthy.
The foregoing statement at the close of business October 31, 1904, is respectfully submitted.
INDIVIDUAL PRODUCTION OF
THE ANTHRACITE COMPANIES.
While the totals for 1904 have not yet been
summed up, except in a very few instances, it is
apparent that none of the big anthracite producers
fell far behind its 1903 production, but
that several have had a record year.
The Delaware. Lackawanna & Western Co.
mined more than 50,000 tons in excess of its production
for 1903. During the past year, however,
its collieries were not closed down for any lengthened
time, but a mine here and there suspended
operations according to the state of the market.
Its collieries worked, in all probability, steadier
than those of any corporation in the anthracite
region. It will be no surprise if the official returns
for the year should show that the Lackawanna
company is second on the list of the anthracite
producing companies, instead of being fourth.
The output of the Scranton Coal Co. is also expected
to be as heavy as that of the preceding
year, which will prove the most remarkable feature
of the anthracite figures of the year. This
company was deprived of the output of its two
largest collieries for the entire twelve months,
both the Pine Brook and the Throop breakers
having been destroyed by fire. They are now rebuilt,
and operations will be resumed in the
course of a few weeks. The output of the Temple
Iron Co. also shows a gain on the figures of the
previous year. The collieries worked steadily,
(Signed) FRANCIS L. ROBBINS, President.
excepting during the dull period in the summer,
when the company suffered from the depression.
Estimates have not been prepared by the coal
department of the Delaware & Hudson Co.. but
there is no doubt that the tonnage of 1903 will
not be reached, for various reasons. The company
has two of its largest breakers idle owing
to their being destroyed by fire more than twelve
months ago. Both are yet far from being completed.
The collieries were also closed down for
various periods during the summer depression.
The figures for 1904 will, in all probability, be
considerably lower than those for 1903.
During the year 1903 the Pennsylvania, Hillside
and the Erie Coal Cos. mined the huge total of
over 6,000,000 tons, which easily made a record
year, and very difficult to surpass. For that reason
the tonnage of the past year will, it is estimated,
fall about 400,000 tons short of this record.
A New B. C& O. Coal Line.
It is announced that the Baltimore & Ohio Railroad
Co. is preparing to run a new line from Confluence,
85 miles South of Pittsburgh, through
Fayette and Greene counties in Pennsylvania to
Wheeling, W. Va. It is said that surveys are
now being made for the line, which will open
extensive coal fields in Pennsylvania and in Preston
county. W. Va. Much of the property to be
opened is leased by the Livengood Coal & Coke Co.