coal trade bulletin - Clpdigital.org

40 THE COAL TRADE BULLETIN.
check the growing evil of credit sales, but by the
close of the year the business had resumed its
normal proportions.
During the year there was a great scarcity of
mine labor, resulting in a loss of tonnage and an
abnormal expense in shipping men into the min­
ing districts. This shortage of mine employes
was general throughout the United States and
was to some extent occasioned by the large num­
ber of Slavs. Greeks, Bulgarians, etc.. who returne
dhome during the Balkan War.
The New Mexico mines showed a material in­
crease in earnings, confirming the expectations
expressed in the last annual report.
Short tons
Coal produced
Coal sold
Coke produced
Coke sold
RESULTS FOR 1 CARS ENDING JUNE 30.
Coal purchased and sold.
Gross earnings
Operating expenses
Total net income
Deduct—
Int. on V.-A. F. bonds....
Int. on V. F. bonds
Depreciation
Dividends
1912-13
2,155,059
2,043,251
43,619
44,685
42,192
$3,458,169
2,SS8,602
$569,567
641.799
25,920
9,135
23,742
135,908
91,100
1911-12
2.228,448
2,069,361
54.600
52,625
6,459
$3,457,062
2,805,471
8651,591
739,980
20,339
10,(108
28,256
127,325
92,350
98,887 103,238
(3) 282,000 (22 1258,500
Total deductions $666,692 $640,016
Bal., sur. or def def 24,893 stir 99,964
BALANCE SHEET JUNE 30.
Assets— 1913
Real estate $ 9.913,0(13
Equipment 2,918,796
West Stores Co. stock 210.000
Col. & S. E. R. R. stock 100,000
Col. & S. E. Ry. bds 300,000
Mtn. Tel. Co. stock 15.000
Bond redem. accounts 121,092
Development 204,825
Advance royalty 44,955
Supplies 104,549
Cash in banks 130,170
Accounts and bills rec 389,830
Treasury bonds (V. A. F. Co.) 226,000
Liabilities— 1913
Capital stock $ 9.400,000
1st and ref. M. 6s 2,675,000
Victor Fuel Co. bds 1,822,000
Interest accrued 113,577
Bills payable 175,000
Vouch, and pay-rolls 192,660
Taxes accer. unpaid 14,000
Unpaid coupons 195
Net liability to sub. cos. on current
account 57,190
Res. for bond redem 68,110
Disc, on V. F. Co. bonds red S51
Profit and loss *198,513
Total $14,731,670
'- After deducting losses of $19.S23 for Hastings
accident; $21,465 for general employment, and
$9,831 miscellaneous, and adding miscellaneous
credits of $5,673.
NORFOLK AND WESTERN SHIPMENTS.
T. H. Hobart, general coal freight agent of the
Norfolk & Western Railroad, has announced the
tonnage of coal and coke on that road for the
month of March and for the three months ending
March 31.
The tonnage for March, 1914, was 2,215,1SS. as
against 1,898,SS8 for March, 1913, an increase of
316,300 tons. The figures also show that for the
first three months of this year the shipments of
coal and coke amounted to 6,062.091, as against
6,143,404 for the corresponding period of last
year, a decrease of SI,313 tons.
The detailed statement follows:
March
Shipments. 1913 1914
Tidewater foreign coal 120.2S8 158,247
Tidewater foreign coke 70
Tidewater coastwise coal 327,631 342,530
Other domestic coal 1,303,239 1,611,341
Other domestic coke 147,660 103,070
Total 1,898,888 2.215,188
3 mos. ending 3-31.
Shipments 1913 1914
Tidewater foreign coal 3S7.294 42S.672
Tidewater foreign coke 10,034 15
Tidewater coastwise coal 973,751 991,S63
Other domestic coal 4,333,531 4,323,872
Other domestic coke 45S.794 317,669
Total 6,143,404 6,062,091
Coal on hand 5,120
Miscellaneous 48,330 The Saw Mill Run Coal & Supply Co., Pitts­
Total $14,731,670
burgh, has sold its property to the Youghiogheny
Coal Co.