The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1899-07-12
BIG COAL DEALS CLOSED
Col. ]. M. Guffy Sells 1000
Acres Of His West Vir-
ginia Coal

Georges Creek Coal and Iron Company
of Baltimore, Concludes the Purchase
Of Valuable Property Near Fairmont
and Will Develop 1t at 0nce-A III.
iont0wn Syndicate also Buys Tel
Thousand Acres on the MOn0ngahe q
for 81, 200, OO0-Has Eighteen Mile !,
River Frontage and Control 81
Greene County Fields.
Col. James M. Guffy has concluded
the sale of about 1000 acres of Goa
property on the Baltimore and Ohio
railroad, near Pennington, in the
Fairmont region, to the Georges
Creek Coal and Iron company, of Bal.
timore. The tract is only small
part of Col. Guffey's holdings of Goa
property in West Virginia. The deal
was closed by President J. j. Alexan-
der and Gen. Supt. r. ]. Somerville,
of the Georges Creek company, in
Pittsburg, and it is the intention tC
open the property extensively at once.
The price paid for the property was
about $3.50, 900.
The property is splendid tract
and contains nine foot vein Of good
Plttsburg coking coal, about $50 feet
from the surface. The property is on
the Baltimore and Ohio, and shafts
will be sunk without delay. 1t is es
timated that the tract ill-yeild on
an average about 10000 tons of good
marketable coal per acre and that the
veins will be even throughout the
property. The Georges Creek COM
pany is now mining about $500 tons
of coal per day at its mines near Cum
berland, Nd, and the new purchase
will increase its output enormously.
w. FL. Cooper, of Baltimore, is the
secretary and treasurer of the COM
pany. Col. Guffey owned the property
personally and has many thousand
acres left in the region.
One of the largest coal deals ever
made along the Monongahela river
has just been closed at Uniontown.
The deal involves about 1900, 00C
cash, and 10, 900 acres of coal, extend.
ing from Rice's Landing to Big
Whitley creek. Greene county. The
property has river frontage of elgh-
teen miles and is between one and
two and a half miles wide.
The purchasers are Judge S. L. Mes
TREAT, J. V. Thompson, r. S. Thomp-
son, John and William Hawkins. r.
S. and John Phillips, Capt. J. NJ.
Hustled, of Uniontown; DR.. William
Longenecker, of Fairchance; James
Dh;ll;rc of Ilr,urcyil1a. TT n II,s
ton, of Connellsyille, and several 9TH
ers. 1t is said that an Eastern syndi-
cate is behind the deal. The same
persons purchased a block of 1850
acres of coal on the Fayette side OF
the river last week for $500, 900 cash,
and have just secured 1000 acres on
the Greene county side, from Lock
No. to Dunkard's creek, the consid-
Grafton being $3.50, 900.
Included in the big purchase are
1913 farms, among those fronting on
the river being that of John Fuller,
254 acres; N II. Biddle, 1913 acres; l.
B. Patterson, 1853 acres; ]. B. Flenni-
ken, 12s acres; William Crodge, 212
acres: Mrs. Joseph Armstrong, 12i
acres; w. g. Biddle, 81 acres; L. F.
Sharpneck, "a acres; S. S. Baynaro
POI acres; Joseph Warren, 257 acres
Joseph Waters, IS acres; Wilson Paul
81 acres; William Flenniken, l12 acres
William Gray heirs, 307 acres; Jacob
Weltner, 401 acres; and John Ross,
1873 acres. 1t is said that the syndi-
cate secured nine miles of river 'front.'
age surface, many of the farms bought
including both coal and surface. 1t
is intended to develop the coal in a
limited way, but it is believed that
the real reason for the purchase is to
hold for Investment until the Pitts
burg, Virginia and Charleston rail-
road makes it's proposed extension.
A short railroad to connect with this
will doubtless be built by the syndi-
cate. Shipments will also be made by
river. The syndicate gains complete
monopoly Of the Greene county coal
fields by its purchases.