coal trade bulletin - Clpdigital.org

the carriers, and coal should supply any part, each
district would bear its proper share of tiie burden.
The Pension fund has to its credit $125,532.48,
with six payees upon its roll. Its substantial increase
from now on, will enable it to be more of a
factor for wider service, and will be availed of.
The Employees' Association was formed to encourage
and assist employees to save and invest
in stock of the company and to promote a special
interest in it. So far il has purchased and distributed
3.054 shares of preferred stock and 676
shares of common stock, and there are now subscribed
and partially paid for, 3,785 shares of preferred
and 1,671 shares of common stoek. Many
employees have been enabled to make a profitable
investment and become stockholders in the company.
Two reports of the Employees' Relief Associations,
one for this company and one for the Monongahela
River Consolidated Coal & Coke Co. are
appended hereto, for the reason theie are t-vo associations
ancl the funds belong wholly to their respective
members.
Taken together they again emphasize the ordinary
danger and risks of the work by the increase
in both fatal and non-fatal accidents for the year,
outside of the Cincinnati catastrophe. Tbe work
of these associations has been wide and helpful.
A conservative expectation of results for tbe
year is warranted based on tonnage movement so
far, consequent increase in production cost and uncertainty
of trade requirements, although there
has come a more general feeling of encouragement
for the future with some improvement in
demand. Production cannot reach the total of
1913 on the present level of general business, nor
become active again until its excess now carried
in stock has been used. Both cost and selling
value are involved in the renewal of the biennial
wage agreement which expires April 1, not yet
arranged. Full trade requirements of the company
will be maintained and can be met, after
possible interruption of running time for these
causes to some extent, by the reserve capacity of
tbe plants and handling* facilities which the company
now has, with labor and transportation sup­
ply.
The certified balance sheet of the company, submitted
herewith, is the usual composite one, excepting
that the Monongahela River Consolidated
Coal & Coke Co, results, assets and liabilities are
now included for the first time as one of its subsidiary
companies, and the joint showing now submitted
represents directly all of the assets and
all of the liabilities belonging to the company
wherever owned or owed and however held, instead
of by stock ownership and its cost as heretofore.
The schedules also submitted include the operat­
THE COAL TRADE BULLETIN. 57
ing results of that company with others and the
comparisons made arc as if like data had been included
in tlie statistics for 1912.
PRODUCTION—YEAR 1913.
Tons of Increase
2,000 lbs. Tons.
Coal-
Produced Pittsburgli District:
Pittsburgh Company 14,744,411 870,095
River Company 7,947,782 94,690
Total 22,092,193 964,785
Hocking District-Pittsburgh
Co 1,039,344 *347,967
Kentucky District—River Co. 182,037 18,111
Total coal produced. 23,913,574 634,929
Purchased, Pittsburgh District:
Pittsburgh Company 520,514 109,901
River Company 34,187 *41,237
Total 554,701 08.724
Hocking District—Pittsburgh
Co 33,529 6,198
Total coal purchased 588,230 74,922
Total coal produced
and purchased . . . 24,501,804 709,851
Coke—•
Produced, Kentucky District:
River Company 671 439
Purchased, Pittsburgh District:
Pittsburgh Company 204,729 *62.394
River Company *3,074
Total coke produced
and purchased 205,400 *65,029
Coal and Coke—
Grand tolal coal and coke
produced and purchased. 24.7U7.204 041.822
All Districts:
Pittsburgh Company ... 10,542,527 575,893
River Company 8.164,677 08.929
Grand total as above 24,707,204 011,822
•"Decrease.
GENERAL PROFIT AMI Loss ACCOUNT.
Gross receipts and deductions:
Year 1913. ncrease.
Gross receipts $30,260,146.00 $1,845,426.27
Less—
Operating charges and
general expenses 27.612.008.22 780,487.61
Taxes accrued 751,560.77 76.644.52
Interest on bonds, mortgages
and notes of
subsidiary companies. 74S.891.77 32,417.19
Discount and interest.. 208,433.87 13,864.90
Losses and insurance:
Fire, etc $348,849.92
Personal injury 157,230.80
Other losses.. 54,595.92
$500,676.64
Losses paid in
excess of am'ts
reserved 55,435.03
505.241.61 210,727.51