The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-01-16
THE COKE REGIONS
oFwEsr VA. AND PENNSYLVANIA.
The Last of the Land IN the COnnollsv,lIo
Section TAksn-A New Company with
1nilionS at Its BAck--A Pooling Ar
ranEemsnI by PeunsylVauia Men.

PITTsBURGH, Pa, Jan. 15.--The last oi
the cokinG coal land in the celebrated
Connellsyille region is to be utilised, and
work on the building Of railroads and
ovens will soon be commenced. The large
tract Of land held by DR.. David Houtstter
and Ralph Bagaloy Tor several years, has
been purchased by syndicate Of leading
capitclists, and arrangements are being
made TO 60 into the business Of manufsc.
turing coke. The tract consists Of $500
acres Of the best coal land in the region,
lying in Westmoreland county, the price
paid being nearly 100000.
Messrs. ]. NJ. Bysra, engineer Of the
Pennsylvania Railroad, and John McFad-
den, general manager OF the Hoststter
Coke Company, as the combination 10
called, left yesterday morning to finally
locate thsYoute Of the proposed Mnnaatery
branch Of tho Pennsylvania Railroad
through the lands OF the HoatetteE Coke
Company. It Ia intended by the Pennsyl-
vsniR Railroad to connect at two points
with the lRnds Of the Coke company, OF
each OF which large plant will be erected.
The now combination ia composed Of
eome OF the leading business men Of the
city, and there Is almost unlimited cspi-
tai behind the enterprise to insure its
success.
The development Of this area OF the
Connellsville coking belt marks another
mile stone in the rapid absorption Of the
coke territory into the hands OF large cor
poratiens who, by exttnsV, operations,
obtain economical results. Statistics give
the total acreage oil the Connellsvilge belt
at about G5,000 acres. OF these William
ThRw, Esq, is said to own some $4,000,
though only operating one works, the
HeclS works, having 272 oveng. J. NJ.
sChoonmsSGr & Co. have 1000 acres OF
land, the Carnegie.Frick combination con-
trolls about 10000, LsisenTing & Co., Of
Philadelphia, nearly as much, ]. W.
Moore & Co., Mcclure & Co., the Calumet
Coke Co., Cochran & Co., the Cambria |
Iron Co., the Central Connellsville Coke |
Co., the Southwest Coke Co., r. Hogsett & |
Co., the youngstown Coke %. and the |
Rsdstone Coke Co. all have considerable
tracts, go that the Visible supply" as
they cay Of the wheat market, Is becom-
ing rapidly exhausted. There are other
coal lands in the vicinity Of the Connells-
vile region, but it ia not the celebrated |
Coking coal.
Tho action Of the new coke concern dig |
proves the reporta circulated during the
past few days to the effect that West Vir-
ginia would be the coke center Of the |
country before many daya. The Oonnells-
vile region will not be exhausted for many
years, but with go many competitors in
the field ii is thought will have decided |
effect on prices unless a powerful syndi-
cate Is formed.
Among the other new companies OF the
future ia the Revere Coke Company, which
is controlled by the North Chicago Rolling
Mill Company. This concern will some /
day manufacture all the coke used at their
extensive plant, and the company now
them will have to look for an
other market for their product. The de.
msnd for coke is good and prospects for
this year are better than in 1887 and oper-
atoIs do not anticipate any trouble in dis
posing Of their coke.
Prices will be maintained and produC-
ton restricted when necessary, by the new |
syndicate, which will be known by the
name Of Pittsburgh and Conneilsville Coke |
Exchange. The papers have been drawn
up and will be signed this week. The
pooling arrangement Is the same az the |
one In effect during 1885.