coal trade bulletin - Clpdigital.org

42 THE COAL TRADE BULLETIN.
RAILROAD ORDERED TO DISPOSE OF
STOCK INTERESTS IN COAL COMPANY.
The terms upon which the Hocking Valley,
Toledo & Ohio Central, Chesapeake & Ohio and
Lake Shore & Michigan Southern railroads shall
dispose of their equity in the Sunday Creek Co.
and the Continental Coal & Coke Co. and by
which the Chesapeake & Ohio shall dispose of
its interest in the Kanawha & Michigan road
were prescribed in a decree handed down at
Columbus. 0., March 14 by United States Circuit
Judges Warrington, Knappen and Denison.
By the decree, the Lake Shore is given two
months in which it must inirchase tho stock of
the Kanawha & Michigan owned now by the
Chesapeake & Ohio or the joint interest of both
roads in the Kanawha & Michigan must be sold
to others. The same time is allowed for complete
disposal by private sale of the Sunday Creek Co.
stock and that of the Continental Coal & Coke
Co. by the railroads now holding it.
If those decrees are not carried 1 out in that
time, the court will appoint a master to direct
the dissolution.
The principal feature of the decree is that the
Lake Shore road virtually is compelled to buy
the Kanawha & Michigan stock owned now by
the Chesapeake & Ohio. According to the former
decision. the Chesapeake & Ohio was forced to
sell its interest, but since the Lake Shore was
not compelled to buy it openly, Chesapeake &
Ohio officials feared sale of the stock would be
forced at an extremely low price according to
statements of counsel for the Chesapeake & Ohio.
Counsel for both the government and the railroads
reserved announcements of whether they
would appeal from the court's decree.
In the decree the Bankers' Trust Co. of New
York, is enjoined from enforcing an agreement
betw-een the railroad companies owning the coal
properties for an equal division of freight traffic
from the Kanawha and Hocking Coal & Coke
Co. or the Continental Coal & Coke Co. The
railroads had placed securities in the hands of
the trust company when this agreement was
made to insure its enforcement. The court al
ready had held the agreement illegal.
At the annual meeting of the Crow's Nest Pass
Coal Co., in Toronto, Can., March 16, the stockholders
made inquiries as to the possibility of a
dividend. Net profits for the year amounted to
$471,405. The amount of coal mined during the
year was 1,106,378 tons, or 102,000 tons more than
in 1912 and 253,541 tons of coke, or 8,212 tons
more than in 1912. During the year there was
expended on development and improvement $178,ooo.
and the bank liabilities were reduced by
$331,000.
• INDUSTRIAL NOTES •
_i_-j__-___-_______-„__M~-_~-^^~^~J^L.
One of the most comprehensive booklets that
has come to hand lately is the handsome catalogue
of the Jeffrey Manufacturing Co., descriptive of
its mine and industrial locomotives, for use in
and around mines, industrial plants, lumber op­
erations or wherever internal plant haulage is
necessary. The cover is a beautifully lithographed
scene of late evening showing mine locomotives
manufactured by the company drawing the final
trips of the day from a coal mine with the set­
ting sun seen in the background and the shad­
ows of the evening illuminated in the foreground
from the electric headlights of the locomotives.
The catalogue carries illustrations and descrip­
tions of the various types of locomotives built,
from the three-ton one to the massive 25-ton one
capable of hauling 416 tons on level track and
122 tons o na three per cent, grade. Gathering
locomotives, crab locomotives for both hauling
and gathering, electric reel cable locomotives, in­
dustrial locomotives, electric locomotives for coke
plants, storage battery locomotives and storage
battery trucks are shown, and then details of
the construction, showing the simplicity, solidity
and ease with which all the parts can be reached
to make repairs or adjustments are shown in halftone
illustrations. One of the features of the
catalogue is the table showing the relative caiiacity
of the different locomotives on level tracks
and as against grades up to six per cent.
The Main Island Creek Coal Co., of which Mr.
John Laing, of Charleston, W. Va., is president,
recently awarded a contract to the Link-Belt Co.,
of Nicetown, Philadelphia, for designing and
building a complete new tipple equipment consisting
of an entire steel tipple including apron conveyors
for bringing the coal down the hillside,
shaking screens for separating it into the various
sizes such as lump, egg, nut and slack, and picking
tables and loading booms for better preparing
the coal for the trade and permitting it to
be loaded into railroad cars with the minimum
amount of breakage. The tipple will be erected
in the neighborhood of Logan, W. Va.
The Joseph F. Wangler Boiler & Sheet Iron
Works Co., of St. Louis, Mo., has secured a contract
from the Odin Coal Co., of Odin, 111., for
two horizontal high pressure fire tube boilers
to be installed in the early part of April. The
Wangler Co. reports that the business outlook in
its line is steadily improving.
The Phoenix Iron Works Co., Meadville, Pa.,
manufacturers of engines and boilers, has removed
its Pittsburgh office to the Empire
Building. The Pittsburgh office is in charge of
Mr. A. J. Schroth.