coal trade bulletin - Clpdigital.org

58 THE COAL TRADE BULLETIN.
Employes' pensions
200.00
Reservation for
pensions .... 17.506.95
17,700.95 2,010.69
$29,844,443.19 $1,110,152.42
Earnings for the year. . 0,421,702.87 729,273.85
EARNINGS.
Year 1913.
Earnings as shown in con­
Increase.
densed general profit
and account
Less—
$0,421,702.87 $729,273.85
Reserve for depletion of
coal lands—sinking
fund 1,034,900.73 113,015.94
Reserve for depreciation of
plants & equipments 1,284,206.14
Reserve for payment of
=-=101,909.22
bond premiums 520,127.99 30,665.49
Bond Interest—
$2,839,2-94.86 $48,372.21
First mortgage, 1904...% 442.387.28 *$35,607.86
Shaw tract purchase... 64,727.08 *2,972.23
Midland tract purchase 31,900.03 20,612.55
Debentures 297,124.97 *1,916.70
$850,139.30 *$19.S84.24
Total deductions ..$3,095,434.22 $28,487.97
Net earnings for year... .$2,720,208 . 05 $700,785.88
Less dividends paid on
preferred stock—5%. 1,353,590.(K)
Surplus earnings for year$1.372.078. 65 $700,785.:
*Decrease.
A condensed balance sheet under date of December
31, last, follows:
ASSETS.
Propertv and plant.... $81,815,015.70 $1,988,314.11
Treasury stock 4,928,200.00
Bonds and stocks 2,415,019.75 *560,006.15
Deposits with bond
trustees and bond reserves
10,880,223.16 730,330.43
Pension fund 110,205.9S 23,962.50
Inventories 7,132,056.06 1,512.431.57
Accts. and bills, rea... 6.79S.362.47 *1.107.574.97
Cash 2,217,361.98 *132,586.42
Total
Preferred stock . . .
Common stock
Stock pur. surplus.
Insurance funds . .
Contingent fund ...
Bond prem. res. . . .
Undivided earn. . . .
Bonds. mtgs., notes,
pension fund, bills
pavable, accounts pay­
5116,296.445.76 $2,454,871.07
$32,000,000.00
32,000,000.00
.1,021,991.78
356,859.25 *55,435.03
25,000.00
971,274.24 402,859.24
10,526.112.35 1.372,678.05
able .39,395,208.14 734.768.21
Total $116,296,445.76 $2,454,871.07
*Decrease. .Difference between cost and par
on treasury stock held and sold. {Bills payab'e
$4,053,680.03. increase $1,178,424.69; accounts payable
$4,061,740.46, decrease $1,245,920.22.
COAL ACREAGE.
OWNED.
Acres of
Unmined
Coal at
Jan. 1,1913.
Coking 51
Pittsburgh vein 152,718
*Freeport vein 59,346
Total Pittsburgh District 212,115
Hocking District 7.237
Kentucky District 2,430
Total owned 221,782
LEASED.
Pittsburgh vein 304
Hocking District 524
Total leased 828
Pittsburgh District-
Owned 212,115
Leased 304
Total 212,419
Hocking District—
Owned 7,237
Leased 524
Total 7,761
Kentucky District 2,430
Grand total owned & leased 222,010 220,102
*The companies also own an equal
underlying vein.
Acres of
Unmined
Coal
Jan. 1,1914.
51
150,465
59,346
209.862
7,165
2,404'
219.431
288
731
443
209,862
288
210,150
7,165
443
7,608
2,404
uea of cadi
The Illinois Workmen's Compensation law has
been declared constitutional by the State Supreme
court. The court held that the original act,
which was the basis of the law passed by the last
general assembly, was valid. The finding was
made in the case of Joseph Diebeikis versus the
Link-Belt Co. It was charged by the appellant's
lawyers that their client had been injured while
working for the defendant company. The appellant
brought suit for damages, although he previously
had entered into a contract with his employer
to come under the provisions of the compensation
act.
The three mines of the Superior Coal Co., Mr.
John P. Reese, general superintendent, on Monday,
March 9, broke all production records by
producing 13,431 tons and 1,100 pounds of coal,
as follows: Mine No. 1, 4,393 tons, 900 pounds;
Mine No. 2, 4,429 tons, 1,600 pounds, and Mine
No. 3, 4,603 tons, 600 pounds. There was no extra
preparations for the record breaking run, for on
March 7 the company produced 12,288 tons, 1,600
pounds, and during all of that week averaged 12.-
287 tons per day.
The Penn Mary Coal Co., Heilwood, Pa., can give
employment to 400 additional men at its six mines
at that place.