Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-01
PROPERTY OF THE COMBINE.
Counsel Place on Record the Big Holdings
Of the Reading Company.

Counsel Piace on Record the Big Holdings
OF the Reading Company.
HARRISBURG, June 8O.-Considerable head
way was made to-day at the sitting of the
Examiners in the Commonwealth to dissolve
the leases Of the Jersey Central and Lehigh
Valley Railroads to the Philadelphia and
Reading Company. In response to the calls
of counsel for the Commonwealth, there
was placed on record the statement that the
Philadelphia and Reading Coal and Iron
Company was originally chartered as the
Laurel Run Improvement Company; that it
owns S6,0 ,06s acres OF anthracite coal land in
Northumberland. SohuyllKill and other coun.
ties, and leases l6, sos acres additional in the
same region, and also owns q majority of
the capital stock in other coal companies
owning 10. ia acres more, making a total Of
1887 acres. Upon these lands there are "a
collieries. and 81 are now operated by the
As to the PHILADELPHIA and Reading Rail.
road Company 1t is now of record that It
does not own, lease, mine or sell coal, but
all of the coal from the Reading Coal and
lines The capital stock s Of ths coal os1f and nd
iron company is S, 900 600, and OF the l6O 900
shares. 1ls.le0 are held in the name Of the
railroad company and the other 40 shares by
directors. The bonds of the coal company
to the amount sll.I7s, 900 are guaranteed BY
the railroad company. The Lehigh Valley
Coal Company has a total of 6o0H acres Of
are d colliertes. The company operates H.
and various companies and individuals
operate the others.
The stock of the Lehigh Valley Coal Com.
pany is held by the Lehigh Valley Railroad
Company which carries all the coal mined
by It. The railroad company also owns
S6l7 acres of coal lands which are leased to
other parties. The Lehigh and wilkesbarre
Coal Company. owns 2l0O0 acres of anthra-
cite coal lands, and has leased 5000 acres
more. It owns 1S collieries, and about 1000
acres of its coal lands are leased to indi-
vtduals who operate collieries thereon,
The Jersey Central and Lehigh and Sus.
quehanna Railroad Companies transport
most Of the product Of this company. Its
capital stock is So 215 300, of which s8. 800 600
is held by the Jersey Central Railroad Its
bonds and obligations amount to sI2 600. 600
1t was also placed on record chat the stock
and bonds of the Port Reading Railroad
Company. 81, $40 600 in stock and 81, 500, 600 in
bonds. are held by the Port Reading Con-
struction Company, New Jersey corpora
tion.
A detailed statement was also submitted
showing the production of anthracite coal
regions for ls9o and 1891, with the name Of
each operator together with q statement
giving the distribution of coal, the orders
the Philadelphia and Reading since
the lease and other testimony. The Attor-
ney General called for some additional
matter which will be submitted, except the
Agreements made since the Lehigh Valley
lease between the Philadelphia Coal and
iron Company and tbe individual coal
operators. For the first three months Of
cite regions were as follows: wyoming re-
gion, 4 769 1856 tons; Lehigb, ISIS $685. and
schuylkill, 3,oll, ,7o5. The Examiners will |
have another meeting here Friday, July s, |
delphia during the 18th. lsta and lAth Of I
July,