Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-27
PLENTY OF GAS LEFT.

A Good Showing Made by the Philadelphia
Company in Its Annual Report-Ih. .
Construction OF q Fuel Gas Plant for the
Future Recommended.
The annual report of the Philadelphia
Company was issued to stockholders yester-
day. The earnings were s.. .024, ,S64 81, and
expenses s., 1884, ,965 o. The board feels it
was justified in beginning the payment of
dividends, and their continuance is assured.
The company's bonds, with the exception
of 1927 900, have been cancelled. The COM
pany has entered seven new gas fields: Lin
den, Elizabeth, Moon, Stowe. Riley, Shaler
and Plum. The two last mentioned fields
have only been recently acquired, and not
yet developed to any extent, but prepare
tions have been made for thorough test
The report continues:
The amount expended during the fiscal
new pipe, was $685. S4s Is: reclaiming and re-
laying old lines, together with laying new
pipe, and purchase of lead and other neces-
wells and gas rights in 1856 acres were pur-
chased at a cost OF about s9l, $50 10. The num-
Der of wells completed during the year was
81, of which 40 were gas, small oil wells and
Is non-producing. To these add the II wells
purchased, which gives u total of GO gas rro-
ducing wells added during the year. The
amount Of casing used In the wells drilled by
your company was S0M miles, Of which
cost of drilling was 257.240 09, not including
casing reused, which, with the other items
named makes total of $575, ,232 81 expended
on new work during the year, all OF which
has been charged to expenses, and has been
paid, at present time. except notes amount
ing to 500, l50 c. held by the National Tube
Works Company, which Is the only paper OF
other obligations outstanding are $3.50, 900 90
bonds. and balance due on the Belle Vernon
line. $l37. 900 0C, which will be paid by August
l. 1892. Exclusive of the drilling of wells,
the principal work performed during the
year consisted in laying about five miles of 20
inch pipe, % miles of 16 inch. and 2o.4 miles
of u, TO- and l6 inch; and reclaim
ing about 25.2 miles of various sizes, varying
from 16 to inch, which were transferred
to other points and relaid, agsregating
about 75.6 miles of pipe handled. The gas
and oil rights ut present leased .e ana dna owned
During the year l., ,591L acres were surren-
dered, decreasing the annual rental s23, 32l 80,
and 1883 acres were leased in other fields, nt
an annual rental of $l3. $50, making de-
crease of $40, lfl so in the annual rentals.
The present yearly rentals upon gas wells
and territory amount to $66, TO-
The Allegheny Heating Company has
shown a marked improvement under its
new management. During the months Of
December. 1850. and January. February and
March, 1891, the gross receipts under the old
management were S1S0,S7S 6i. During the
same months Of 1891 and 1892 the receipts
were $3O4, SIT 15 or an increase of 63 per cent.
The Philadelphia Company's share of earn
inss for these respective months OF each
year, was $95, ,Sl3 II and Sl60,7l1 "a. or an in
crease of over 81 per cent. In Chicago, st.
Louis and several other cities ordinary
illuminating gas Is used in ranges. cooking
stoves, and for heating purposes at 80 cents,
81 and 81 25 per ], 900 feet, and in most of the
cases rs cheaply as coal, when the superior
facilities and cost of handling, etc., are con-
sdered; therefore there seems to be no good
reason why gas cannot be manufactured and
sold in Pittsburg, where the coal used in the
manufacture can be purchased much
cheaper, If the same care and economy be
exercised. While we can see no good reason
to anticipate such n decrease in tire supply
OF natural gas as to render q fuel gas plant
necessary in the near future, yet steps
should be taken to secure an eligible prop
erty for manufacturing purposes"