i STEAM COAL - Clpdigital.org

Capital stock:
LIABILITIES.
TO STOCKHOLDERS.
$4,608,604.72
Funds deposited with
Union Trust Co. of
Pittsburgh to retire
these obligations at
maturity 4,608,604.72
THE COAL TRADE BULLETIN. 29
$101,563,950.82
COMPARATIVE STATEMENT OF TONNAGE AND NET
EARNINGS.
Net earnings year ending Dec. 31,
1901 $3,099,538.06
Net earnings year ending Dec. 31,
1902 4,706,587.12
Net earnings year ending Dec. 31,
1903 6,751,025.49
Net earnings year ending Dec. 31,
1904 3,577,682.43
Production in Tons.
Year 1902. Year 1903. Year 1904.
Pittsburgh Dist. 13,526,355 14,034,268 12,783,067
Hocking District 1,381,996 1,480,350 1,349,428
ooke 67,730 149,842 206,005
J. B. L. HORNBERGER, .. F. M. WALLACE,
Comptroller. Treasurer.
The following summary of values, together with
the accompanying statement, were submitted by
Mr. d'Invilliers, whose appraisement is referred
to in President Robbins' statement:
Coal lands, Pittsburgh district $59,087,152
Surface lands, Pittsburgh district 1,159,000
Mine plants and equipment, buildings,
dwellings, shops and equipment, telephone
lines and equipment, stores and
houses, Pittsburgh district 8,144,005
New Pittsburgh Coal Co. lands, mines
and equipment, Hocking Valley district,
Ohio 2,898,000
Preferred stock ...$32,000,000.00
Less in Treasury.. 2,576,300.00
$29, 423,700.00
Common stock 32,000,000.00
Less in Treasury.. 3,288,900.00
Renewal fund
28: 711,100.00
1 881,554.38
$71,288,157
Accrued dividends on preferred
"That the above figures are conservative will be
stock
686,550.00 more evident when I state that they represent a
Undivided earnings 3 ,887,725.10 coal area of approximately 160,000 acres in two
TO OTHER THAN STOCKHOLDERS.
of the best known and highly developed coal fields
First mortgage bonds $25 ,000,000.00 in the United States. It is not possible to dupli­
Bonds of subsidiary companies. ... 1 ,933,653.34 cate your holdings; they represent the best lauds
Car trust notes
112,625.65
in the Pittsburgh and Hocking Valley districts."
Accounts and bills payable 9 ,927,042.35 The certificates of Messrs. d'Invilliers and Judd
Notes issued in the purchase of
cover all of the physical properties owned by the
Monongahela River Consol. Coal
Pittsburgh Coal Co. and its subsidiary companies
& Coke Co. stock.:. .$3,000,000.00
in which there is complete or controlling owner­
Mortgages payable and
ship, (only the proper proportions of the property
interest 1,437,354.72
value being included in the cases in which owner­
Collateral
interest
bonds and
171,250.00
ship of stock is not complete) except that the
appraisals do not include any portion of the property
of the Monongahela River Consolidated Coal
& Coke Co., the earnings, assets and liabilities of
which are excluded from the Pittsburgh Coal Co.'s
consolidated balance sheet.
A reconciliation between the certificates of
Messrs. d'Invilliers, Judd, and Marwick, Mitchell
& Co. with the company's balance sheet at December
31, 1904, would be as follows:
Mr. d'Invilliers' appraisement of coal
lands, mine and shop equipments,
stores, houses, telephone lines, etc.$71,288,157.00
Mr. Judd's appraisement
of docks and
yards, railroads and
railroad cars 6,304,000.00
Stocks of other companies
at cost, and
net quick assets as
certified by Marwick,
Mitchell & Co 12,194,521.95
Certain car unloading
machinery at Cleveland,
Fairport and
Ashtabula, with pockets,
lighters, etc., not
appraised by either
Mr. d'Invilliers or Mr.
Judd—book value...
i, 786,678.95
476,227.00
-$90,262,905.95