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company will also erect a large power house at
the piers and supply its own power for lighting.
etc.
The Pittsburgh Railways Co. has acquired 250
acres of coal land near Bridgeville, Pa., from
which it will draw its own fuel supply. There is
a mine in operation on the tract and it is the intention
of the company to spend $50,000 on electric
equipment and make the workings up-to-date
in every respect.
Plans are being matured for the active development
of a large new independent tract of coal
in the Hocking Valley region, by the Canaan Coal
Co., of Athens, O. The company owns 5,157 acres
of the regular Hocking vein.
FHE COAL TRADE BULLETIN. 43
The capital stock of the Etherly Coal Co., Gales­ for the W. P. Rend properties in Fayette county,
burg, 111., was recently increased from $100,000 to W. Va., consisting of five mines on the Chesa­
$300,000 in order to develop the large coal fields peake & Ohio railroad. These lands last year pro­
of the conipany to better advantage.
duced more than 2,000,000 tons of smokeless coal,
and are considered among the most valuable in
The Chartiers Coal & Coke Co., of Carnegie, Pa.,
the New River district.
has bought 484 acres of coal at Oakdale, on the
Panhandle railroad, and will install an electric
plant at the mines at an expense of $75,000. The coal area of Washington county, Pa., recently
computed by the United States geological
The Smith-Lowe Coal Co. is preparing to open
another shaft on its mining property near Des
Moines, Ia.
made within the last few months.
The Olive Coal Supply Co., of Charleroi, Pa., is
getting ready to open a mine in a new tract near
that town.
The coal hauling railroads in Colorado will
reduce coal transportation rates by about 15 per
In response to a letter from Congressman Acheson,
Charles Wolcott, director of the United States
geological survey, has furnished the following
figures on the approximate thickness of the Pittsburgh
vein of coal in different parts of Washington
county, Pa. They are approximations, for in
many parts the figures are obtained from oil wells,
and this is not a reliable manner. The thickness
is given in inches, as follows: East Bethlehem
township, 93 inches; Carroll, 70; Nottingham, 67;
Bentleyville. 68; Chartiers valley, 54; McDonald,
60; Hanover and Cross Creek, 57; Southwest corner
of county, probably 60.
per cent, of pure coal and any person or firm selling
coal that contains less than that percentage of
pure fuel shall be liable to a penalty of $500, onehalf
of the fine going to the person bringing the
suit and the other half to the school district in
which the offense was committed.
Richard Guenther, United States consul-general
at Frankfort, Germany, reports that reliable statistics
show that the average dividends paid by
the German coal mining joint-stock companies for
1904 were about 10%. per cent, on the nominal
capital. As a matter of course, the market value
of the shares stands much above par, owing to the
large dividends.
The Berwind-White Coal Co. has closed a deal
survey, is 833 square miles. Of this amount 97
per cent, is the Pittsburgh, or river vein. The
figures are based on measurements and surveys
cent, on April 1.
Twenty-six lives were lost in an explosion on
March 10 in the Cambrian colliery near Cardiff.
Wales.
Mr. Michael Kelly, the pioneer Illinois coal
operator, whose large holdings recently passed
into the hands of the McKinley syndicate, died on
February 28, at his home at Danville, 111. Mr.
Kelly was 70 years old. His life was a long and
useful one and throughout its course he retained
the esteem of his associates and employes.
A bill has been introduced in the Pennsylvania
legislature providing that all anthracite coal sold A. O. Reis has engaged in the coal business at
in Pennsylvania shall contain at least ninety-five Richfield, Neb.